Cover
Cover | 12 Months Ended |
Dec. 31, 2022 shares | |
Document information [Line Items] | |
Document type | 20-F |
Document registration statement | false |
Document annual report | true |
Document period end date | Dec. 31, 2022 |
Current fiscal year end date | --12-31 |
Document transition report | false |
Document shell company report | false |
Entity file number | 001-35079 |
Entity registrant name | LLOYDS BANK plc |
Entity incorporation, state or country code | X0 |
Entity address, address line one | 25 Gresham Street |
Entity address, city or town | London |
Entity address, postal zip code | EC2V 7HN |
Entity address, country | GB |
Entity well-known seasoned issuer | No |
Entity voluntary filers | No |
Entity current reporting status | Yes |
Entity interactive data current | Yes |
Entity filer category | Non-accelerated Filer |
Entity emerging growth company | false |
ICFR auditor attestation flag | true |
Document accounting standard | International Financial Reporting Standards |
Entity shell company | false |
Amendment flag | false |
Entity central index key | 0001167831 |
Document fiscal year focus | 2022 |
Document fiscal period focus | FY |
Ordinary shares, nominal value 1 pound each | |
Document information [Line Items] | |
Entity common stock, shares outstanding (in shares) | 1,574,285,752 |
Preference shares, nominal value 1 pound each | |
Document information [Line Items] | |
Entity common stock, shares outstanding (in shares) | 100 |
Preference shares, nominal value 25 pence each | |
Document information [Line Items] | |
Entity common stock, shares outstanding (in shares) | 0 |
Preference shares, nominal value 25 cents each | |
Document information [Line Items] | |
Entity common stock, shares outstanding (in shares) | 0 |
Preference shares, nominal value 25 Euro cents each | |
Document information [Line Items] | |
Entity common stock, shares outstanding (in shares) | 0 |
Preference shares, nominal value 25 Yen each | |
Document information [Line Items] | |
Entity common stock, shares outstanding (in shares) | 0 |
Business contact | |
Document information [Line Items] | |
Entity address, address line one | 25 Gresham Street |
Entity address, city or town | London |
Entity address, postal zip code | EC2V 7HN |
Entity address, country | GB |
Contact personnel name | Kate Cheetham |
City area code | 44 |
Local phone number | (0) 20 7356 2104 |
Contact personnel fax number | 44 (0) 20 7356 1808 |
$1,250,000,000 3.5% Senior Notes due 2025 | The New York Stock Exchange | |
Document information [Line Items] | |
Title of 12(b) security | $1,250,000,000 3.5% Senior Notes due 2025 |
Trading symbol | LYG/25 |
Security exchange name | NYSE |
Audit Information
Audit Information | 12 Months Ended | ||
Dec. 31, 2022 | Dec. 31, 2021 | Dec. 31, 2020 | |
Audit Information [Abstract] | |||
Auditor firm ID | 1147 | 876 | |
Auditor name | Deloitte LLP | PricewaterhouseCoopers LLP | |
Auditor location | London, United Kingdom | London, United Kingdom |
CONSOLIDATED INCOME STATEMENT
CONSOLIDATED INCOME STATEMENT - GBP (£) £ in Millions | 12 Months Ended | ||
Dec. 31, 2022 | Dec. 31, 2021 | Dec. 31, 2020 | |
Profit or loss [abstract] | |||
Interest income | £ 16,562 | £ 12,920 | £ 13,866 |
Interest expense | (3,457) | (1,884) | (3,096) |
Net interest income | 13,105 | 11,036 | 10,770 |
Fee and commission income | 2,352 | 2,195 | 1,924 |
Fee and commission expense | (1,101) | (942) | (909) |
Net fee and commission income | 1,251 | 1,253 | 1,015 |
Net trading income | 180 | 385 | 750 |
Other operating income | 2,209 | 1,999 | 2,050 |
Other income | 3,640 | 3,637 | 3,815 |
Total income | 16,745 | 14,673 | 14,585 |
Operating expenses | (9,199) | (10,206) | (9,196) |
Impairment (charge) credit | (1,452) | 1,318 | (4,060) |
Profit before tax | 6,094 | 5,785 | 1,329 |
Tax (expense) credit | (1,300) | (583) | 137 |
Profit for the year | 4,794 | 5,202 | 1,466 |
Profit attributable to ordinary shareholders | 4,528 | 4,826 | 1,023 |
Profit attributable to other equity holders | 241 | 344 | 417 |
Profit attributable to equity holders | 4,769 | 5,170 | 1,440 |
Profit attributable to non-controlling interests | £ 25 | £ 32 | £ 26 |
CONSOLIDATED STATEMENT OF COMPR
CONSOLIDATED STATEMENT OF COMPREHENSIVE INCOME - GBP (£) £ in Millions | 12 Months Ended | |||
Dec. 31, 2022 | Dec. 31, 2021 | Dec. 31, 2020 | ||
STATEMENTS OF COMPREHENSIVE INCOME [Abstract] | ||||
Profit for the year | £ 4,794 | £ 5,202 | £ 1,466 | |
Post-retirement defined benefit scheme remeasurements: | ||||
Remeasurements before tax | (3,012) | 1,720 | 138 | |
Tax | 860 | (658) | (25) | |
Other comprehensive income, net of tax, gains (losses) on remeasurements of defined benefit plans | (2,152) | 1,062 | 113 | |
Movements in revaluation reserve in respect of equity shares held at fair value through other comprehensive income: | ||||
Change in fair value | 0 | 0 | 0 | |
Tax | (1) | 1 | (16) | |
Other comprehensive income, net of tax, gains (losses) from investments in equity instruments | (1) | 1 | (16) | |
Gains and losses attributable to own credit risk: | ||||
Gains (losses) before tax | 519 | (86) | (75) | |
Tax | (155) | 34 | 20 | |
Gains (losses) attributable to own credit risk after tax | 364 | (52) | (55) | |
Movements in revaluation reserve in respect of debt securities held at fair value through other comprehensive income: | ||||
Change in fair value | (132) | 137 | 46 | |
Income statement transfers in respect of disposals | 76 | 116 | (145) | |
Income statement transfers in respect of impairment | 6 | (2) | 5 | |
Tax | 19 | (55) | 74 | |
Other comprehensive income, net of tax, financial assets measured at fair value through other comprehensive income | (31) | 196 | (20) | |
Movements in cash flow hedging reserve: | ||||
Effective portion of changes in fair value taken to other comprehensive income | (6,520) | (2,138) | 709 | |
Net income statement transfers | (1) | (584) | (727) | |
Tax | 1,804 | 764 | (31) | |
Other comprehensive income, net of tax, cash flow hedges | (4,717) | (1,958) | (49) | |
Movements in foreign currency translation reserve: | ||||
Currency translation differences (tax: £nil) | 91 | (19) | 0 | |
Transfers to income statement (tax: £nil) | 0 | 0 | 0 | |
Increase (decrease) through foreign exchange and other movements, financial assets | 91 | (19) | 0 | |
Total other comprehensive (loss) income | (6,446) | (770) | (27) | |
Total comprehensive (loss) income for the year | (1,652) | [1] | 4,432 | 1,439 |
Total comprehensive (loss) income attributable to ordinary shareholders | (1,918) | 4,056 | 996 | |
Total comprehensive income attributable to other equity holders | 241 | 344 | 417 | |
Total comprehensive (loss) income attributable to equity holders | (1,677) | 4,400 | 1,413 | |
Total comprehensive income attributable to non-controlling interests | £ 25 | £ 32 | £ 26 | |
[1]Total comprehensive income attributable to owners of the parent was a deficit of £1,677 million (2021: surplus of £4,400 million; 2020: surplus of £1,413 million). |
STATEMENTS OF COMPREHENSIVE INC
STATEMENTS OF COMPREHENSIVE INCOME (Parentheticals) - GBP (£) £ in Millions | 12 Months Ended | ||
Dec. 31, 2022 | Dec. 31, 2021 | Dec. 31, 2020 | |
Statement [Line items] | |||
Currency translation differences tax | £ 0 | £ 0 | £ 0 |
Transfers to income statement tax | £ 0 | £ 0 | £ 0 |
CONSOLIDATED BALANCE SHEET
CONSOLIDATED BALANCE SHEET - GBP (£) £ in Millions | Dec. 31, 2022 | Dec. 31, 2021 |
Assets | ||
Cash and balances at central banks | £ 72,005 | £ 54,279 |
Items in the course of collection from banks | 229 | 147 |
Financial assets at fair value through profit or loss | 1,371 | 1,798 |
Derivative financial instruments | 3,857 | 5,511 |
Loans and advances to banks | 8,363 | 4,478 |
Loans and advances to customers | 435,627 | 430,829 |
Reverse repurchase agreements | 39,259 | 49,708 |
Debt securities | 7,331 | 4,562 |
Financial assets at amortised cost: due from fellow Lloyds Banking Group undertakings | 816 | 739 |
Total financial assets at amortised cost | 491,396 | 490,316 |
Financial assets at fair value through other comprehensive income | 22,846 | 27,786 |
Goodwill | 470 | 470 |
Other intangible assets | 4,654 | 4,144 |
Current tax recoverable | 527 | 220 |
Deferred tax assets | 5,857 | 4,048 |
Retirement benefit assets | 3,823 | 4,531 |
Other assets | 9,893 | 9,599 |
Total assets | 616,928 | 602,849 |
Liabilities | ||
Deposits from banks | 4,658 | 3,363 |
Customer deposits | 446,172 | 449,373 |
Due to fellow Lloyds Banking Group undertakings | 48,590 | 30,106 |
Due to fellow Lloyds Banking Group undertakings | 2,539 | 1,490 |
Items in the course of transmission to banks | 357 | 308 |
Financial liabilities at fair value through profit or loss | 5,159 | 6,537 |
Derivative financial instruments | 5,891 | 4,643 |
Notes in circulation | 1,280 | 1,321 |
Debt securities in issue | 49,056 | 48,724 |
Other liabilities | 5,646 | 5,391 |
Retirement benefit obligations | 126 | 230 |
Current tax liabilities | 3 | 0 |
Deferred tax liabilities | 208 | 0 |
Other provisions | 1,591 | 1,933 |
Subordinated liabilities | 6,593 | 8,658 |
Total liabilities | 577,869 | 562,077 |
Equity | ||
Share capital | 1,574 | 1,574 |
Share premium account | 600 | 600 |
Other reserves | 743 | 5,400 |
Retained profits | 31,792 | 28,836 |
Ordinary shareholders’ equity | 34,709 | 36,410 |
Other equity instruments | 4,268 | 4,268 |
Total equity excluding non-controlling interests | 38,977 | 40,678 |
Non-controlling interests | 82 | 94 |
Total equity | 39,059 | 40,772 |
Total equity and liabilities | £ 616,928 | £ 602,849 |
CONSOLIDATED STATEMENT OF CHANG
CONSOLIDATED STATEMENT OF CHANGES IN EQUITY - GBP (£) £ in Millions | Total | Debt securities | Equity shares | Total £ million | Total £ million Debt securities | Total £ million Equity shares | Share capital and premium £ million | Other reserves £ million | Other reserves £ million Debt securities | Other reserves £ million Equity shares | Retained profits £ million | Other equity instruments £ million | Non- controlling interests £ million | |
At 1 January at Dec. 31, 2019 | £ 38,899 | £ 33,973 | £ 2,174 | £ 7,250 | £ 24,549 | £ 4,865 | £ 61 | |||||||
Comprehensive income | ||||||||||||||
Profit for the year | 1,466 | 1,023 | 1,023 | 417 | 26 | |||||||||
Other comprehensive income | ||||||||||||||
Post-retirement defined benefit scheme remeasurements, net of tax | 113 | 113 | 113 | |||||||||||
Movements in revaluation reserve in respect of financial assets held at fair value through other comprehensive income, net of tax: | ||||||||||||||
Debt securities/ Equity shares | £ (20) | £ (16) | £ (20) | £ (16) | £ (20) | £ (16) | ||||||||
Gains and losses attributable to own credit risk, net of tax | (55) | (55) | (55) | |||||||||||
Movements in cash flow hedging reserve, net of tax | (49) | (49) | (49) | |||||||||||
Movements in foreign currency translation reserve, net of tax | 0 | |||||||||||||
Total other comprehensive (loss) income | (27) | (27) | (85) | 58 | ||||||||||
Total comprehensive (loss) income for the year | 1,439 | 996 | (85) | 1,081 | 417 | 26 | ||||||||
Transactions with owners | ||||||||||||||
Dividends (note 36) | (7) | 0 | (7) | |||||||||||
Distributions on other equity instruments | (417) | (417) | ||||||||||||
Issue of other equity instruments (note 35) | 1,070 | 0 | 1,070 | |||||||||||
Repurchases and redemptions of other equity instruments (note 35) | 0 | |||||||||||||
Capital contributions received | 140 | 140 | 140 | |||||||||||
Return of capital contributions | (4) | (4) | (4) | |||||||||||
Changes in non-controlling interests | (2) | 0 | (2) | |||||||||||
Total transactions with owners | 780 | 136 | 136 | 653 | (9) | |||||||||
Realised gains and losses on equity shares held at fair value through other comprehensive income | 0 | (16) | 16 | |||||||||||
At 31 December at Dec. 31, 2020 | 41,118 | 35,105 | 2,174 | 7,181 | 25,750 | 5,935 | 78 | |||||||
Comprehensive income | ||||||||||||||
Profit for the year | 5,202 | 4,826 | 4,826 | 344 | 32 | |||||||||
Other comprehensive income | ||||||||||||||
Post-retirement defined benefit scheme remeasurements, net of tax | 1,062 | 1,062 | 1,062 | |||||||||||
Movements in revaluation reserve in respect of financial assets held at fair value through other comprehensive income, net of tax: | ||||||||||||||
Debt securities/ Equity shares | 196 | 1 | 196 | 1 | 196 | 1 | ||||||||
Gains and losses attributable to own credit risk, net of tax | (52) | (52) | (52) | |||||||||||
Movements in cash flow hedging reserve, net of tax | (1,958) | (1,958) | (1,958) | |||||||||||
Movements in foreign currency translation reserve, net of tax | (19) | (19) | (19) | |||||||||||
Total other comprehensive (loss) income | (770) | (770) | (1,780) | 1,010 | ||||||||||
Total comprehensive (loss) income for the year | 4,432 | 4,056 | (1,780) | 5,836 | 344 | 32 | ||||||||
Transactions with owners | ||||||||||||||
Dividends (note 36) | (2,914) | (2,900) | (2,900) | (14) | ||||||||||
Distributions on other equity instruments | (344) | (344) | ||||||||||||
Issue of other equity instruments (note 35) | 1,549 | (1) | (1) | 1,550 | ||||||||||
Repurchases and redemptions of other equity instruments (note 35) | (3,226) | (9) | (9) | (3,217) | ||||||||||
Capital contributions received | 164 | 164 | 164 | |||||||||||
Return of capital contributions | (4) | (4) | (4) | |||||||||||
Changes in non-controlling interests | (3) | (1) | (1) | (2) | ||||||||||
Total transactions with owners | (4,778) | (2,751) | (2,751) | (2,011) | (16) | |||||||||
Realised gains and losses on equity shares held at fair value through other comprehensive income | 0 | 1 | (1) | |||||||||||
At 31 December at Dec. 31, 2021 | 40,772 | 36,410 | 2,174 | 5,400 | 28,836 | 4,268 | 94 | |||||||
Comprehensive income | ||||||||||||||
Profit for the year | 4,794 | 4,528 | 4,528 | 241 | 25 | |||||||||
Other comprehensive income | ||||||||||||||
Post-retirement defined benefit scheme remeasurements, net of tax | (2,152) | (2,152) | (2,152) | |||||||||||
Movements in revaluation reserve in respect of financial assets held at fair value through other comprehensive income, net of tax: | ||||||||||||||
Debt securities/ Equity shares | £ (31) | £ (1) | £ (31) | £ (1) | £ (31) | £ (1) | ||||||||
Gains and losses attributable to own credit risk, net of tax | 364 | 364 | 364 | |||||||||||
Movements in cash flow hedging reserve, net of tax | (4,717) | (4,717) | (4,717) | |||||||||||
Movements in foreign currency translation reserve, net of tax | 91 | 91 | 91 | |||||||||||
Total other comprehensive (loss) income | (6,446) | (6,446) | (4,658) | (1,788) | ||||||||||
Total comprehensive (loss) income for the year | [1] | (1,652) | (1,918) | (4,658) | 2,740 | 241 | 25 | |||||||
Transactions with owners | ||||||||||||||
Dividends (note 36) | (37) | 0 | (37) | |||||||||||
Distributions on other equity instruments | (241) | (241) | ||||||||||||
Issue of other equity instruments (note 35) | 0 | |||||||||||||
Repurchases and redemptions of other equity instruments (note 35) | 0 | |||||||||||||
Capital contributions received | 221 | 221 | 221 | |||||||||||
Return of capital contributions | (4) | (4) | (4) | |||||||||||
Changes in non-controlling interests | 0 | |||||||||||||
Total transactions with owners | (61) | 217 | 217 | (241) | (37) | |||||||||
Realised gains and losses on equity shares held at fair value through other comprehensive income | 0 | (1) | 1 | |||||||||||
At 31 December at Dec. 31, 2022 | £ 39,059 | £ 34,709 | £ 2,174 | £ 743 | £ 31,792 | £ 4,268 | £ 82 | |||||||
[1]Total comprehensive income attributable to owners of the parent was a deficit of £1,677 million (2021: surplus of £4,400 million; 2020: surplus of £1,413 million). |
STATEMENT OF CHANGES IN EQUITY
STATEMENT OF CHANGES IN EQUITY (Parentheticals) - GBP (£) £ in Millions | 12 Months Ended | ||
Dec. 31, 2022 | Dec. 31, 2021 | Dec. 31, 2020 | |
Comprehensive income, attributable to owners of parent | £ (1,677) | £ 4,400 | £ 1,413 |
CONSOLIDATED CASH FLOW STATEMEN
CONSOLIDATED CASH FLOW STATEMENT - GBP (£) £ in Millions | 12 Months Ended | |||
Dec. 31, 2022 | Dec. 31, 2021 | |||
Cash flows from operating activities | ||||
Profit before tax | £ 6,094 | £ 5,785 | [1] | |
Adjustments for: | ||||
Change in operating assets | (2,900) | 5,174 | [1] | |
Change in operating liabilities | 16,894 | 8,110 | [1] | |
Non-cash and other items | (129) | (661) | [1] | |
Tax paid (net) | (649) | (715) | [1] | |
Net cash provided by operating activities | 19,310 | 17,693 | [1] | |
Cash flows from investing activities | ||||
Purchase of financial assets | (7,953) | (8,885) | [1] | |
Proceeds from sale and maturity of financial assets | 11,041 | 8,134 | [1] | |
Purchase of fixed assets | (3,704) | (3,102) | [1] | |
Proceeds from sale of fixed assets | 871 | 1,028 | [1] | |
Acquisition of businesses, net of cash acquired | 0 | (3) | [1] | |
Net cash provided by (used in) investing activities | 255 | (2,828) | [1] | |
Cash flows from financing activities | ||||
Dividends paid to ordinary shareholders | 0 | (2,900) | [1] | |
Distributions on other equity instruments | (241) | (344) | [1] | |
Dividends paid to non-controlling interests | (37) | (14) | [1] | |
Return of capital contributions | (4) | (4) | [1] | |
Interest paid on subordinated liabilities | (397) | (525) | [1] | |
Proceeds from issue of subordinated liabilities | 837 | 3,262 | [1] | |
Proceeds from issue of other equity instruments | 0 | 1,549 | [1] | |
Repayment of subordinated liabilities | (2,216) | (3,745) | [1] | |
Repurchases and redemptions of other equity instruments | 0 | (3,226) | [1] | |
Borrowings from parent company | 1,852 | 543 | [1] | |
Repayments of borrowings to parent company | 0 | (4,896) | [1] | |
Interest paid on borrowings from parent company | (200) | (226) | [1] | |
Net cash used in financing activities | (406) | (10,526) | [1] | |
Effects of exchange rate changes on cash and cash equivalents | 82 | (1) | [1] | |
Change in cash and cash equivalents | 19,241 | 4,338 | [1] | |
Cash and cash equivalents at beginning of year | [1] | 55,960 | 51,622 | |
Cash and cash equivalents at end of year | £ 75,201 | £ 55,960 | [1] | |
[1]Restated, see page F- 14 |
BASIS OF PREPARATION
BASIS OF PREPARATION | 12 Months Ended |
Dec. 31, 2022 | |
Disclosure of basis of preparation of financial statements [Abstract] | |
BASIS OF PREPARATION | NOTE 1: BASIS OF PREPARATION The consolidated financial statements of Lloyds Bank plc and its subsidiary undertakings (the Group) have been prepared in accordance with International Financial Reporting Standards as issued by the International Accounting Standards Board (IASB). The financial information has been prepared under the historical cost convention, as modified by the revaluation of investment properties, financial assets measured at fair value through other comprehensive income, trading securities and certain other financial assets and liabilities at fair value through profit or loss and all derivative contracts. The directors consider that it is appropriate to continue to adopt the going concern basis in preparing the financial statements. In reaching this assessment, the directors have considered the impact of climate change upon the Group’s performance and projected funding and capital position. The directors have also taken into account the results from stress testing scenarios. Details of those IFRS pronouncements which will be relevant to the Group but which were not effective at 31 December 2022 and which have not been applied in preparing these financial statements are given in note 47. In April 2022, the IFRS Interpretations Committee was asked to consider whether an entity includes a demand deposit as a component of cash and cash equivalents in the statement of cash flows when the demand deposit is subject to contractual restrictions on use agreed with a third party. It concluded that such amounts should be included within cash and cash equivalents. Accordingly, 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. This change has increased the Group’s cash and cash equivalents at 1 January 2020 by £1,682 million (to £40,296 million) and decreased the adjustment for the change in operating assets in 2020 by £974 million (to a reduction of £5,882 million) resulting in an increase in the Group’s cash and cash equivalents at 31 December 2020 of £2,656 million (to £51,622 million); and decreased the adjustment for the change in operating assets in 2021 by £114 million (to an increase of £5,174 million) and, as a result, the Group’s cash and cash equivalents at 31 December 2021 increased by £2,770 million (to £55,960 million). The change had no impact on profit after tax or total equity. In 2021, the Group adopted the Interest Rate Benchmark Reform Phase 2 amendments issued by the IASB. These amendments require that changes to expected future cash flows that both arise as a direct result of IBOR Reform and are economically equivalent to the previous cash flows are accounted for as a change to the effective interest rate with no adjustment to the asset’s or liability’s carrying value; no immediate gain or loss is recognised. The requirements also provide relief from the requirements to discontinue hedge accounting as a result of amending hedge documentation if the changes are required solely as a result of IBOR Reform. |
ACCOUNTING POLICIES
ACCOUNTING POLICIES | 12 Months Ended |
Dec. 31, 2022 | |
Disclosure of significant accounting policies [Abstract] | |
ACCOUNTING POLICIES | NOTE 2: ACCOUNTING POLICIES The Group's accounting policies are set out below. These accounting policies have been applied consistently. (A) Consolidation The assets, liabilities and results of Group undertakings (including structured entities) are included in the financial statements on the basis of accounts made up to the reporting date. Group undertakings include subsidiaries, associates and joint ventures. (1) Subsidiaries Subsidiaries are entities controlled by the Group. The Group controls an entity when it has power over the entity, is exposed to, or has rights to, variable returns from its involvement with the entity, and has the ability to affect those returns through the exercise of its power. This generally accompanies a shareholding of more than one half of the voting rights although in certain circumstances a holding of less than one half of the voting rights may still result in the ability of the Group to exercise control. The existence and effect of potential voting rights that are currently exercisable or convertible are considered when assessing whether the Group controls another entity. The Group reassesses whether or not it controls an entity if facts and circumstances indicate that there have been changes to any of the above elements. Subsidiaries are fully consolidated from the date on which control is transferred to the Group; they are de-consolidated from the date that control ceases. Structured entities are entities that are designed so that their activities are not governed by way of voting rights. In assessing whether the Group has power over such entities in which it has an interest, the Group considers factors such as the purpose and design of the entity; its practical ability to direct the relevant activities of the entity; the nature of the relationship with the entity; and the size of its exposure to the variability of returns of the entity. The treatment of transactions with non-controlling interests depends on whether, as a result of the transaction, the Group loses control of the subsidiary. Changes in the parent’s ownership interest in a subsidiary that do not result in a loss of control are accounted for as equity transactions; any difference between the amount by which the non-controlling interests are adjusted and the fair value of the consideration paid or received is recognised directly in equity and attributed to the owners of the parent entity. Where the Group loses control of the subsidiary, at the date when control is lost the amount of any non-controlling interest in that former subsidiary is derecognised and any investment retained in the former subsidiary is remeasured to its fair value; the gain or loss that is recognised in profit or loss on the partial disposal of the subsidiary includes the gain or loss on the remeasurement of the retained interest. Intercompany transactions, balances and unrealised gains and losses on transactions between Group companies are eliminated. The acquisition method of accounting is used to account for business combinations by the Group. The consideration for the acquisition of a subsidiary is the fair value of the assets transferred, the liabilities incurred and the equity interests issued by the Group. The consideration includes the fair value of any asset or liability resulting from a contingent consideration arrangement. Acquisition-related costs are expensed as incurred except those relating to the issuance of debt instruments (see (E)(4) below) or share capital (see (O) below). Identifiable assets acquired and liabilities assumed in a business combination are measured initially at their fair value at the acquisition date. (2) Joint ventures and associates Joint ventures are joint arrangements over which the Group has joint control with other parties and has rights to the net assets of the arrangements. Joint control is the contractually agreed sharing of control of an arrangement and only exists when decisions about the relevant activities require the unanimous consent of the parties sharing control. Associates are entities over which the Group has significant influence. Significant influence is the power to participate in the financial and operating policy decisions of the entity, but is not control or joint control of those policies, and is generally achieved through holding between 20 per cent and 50 per cent of the voting share capital of the entity. The Group utilises the venture capital exemption for investments where significant influence or joint control is present and the business unit operates as a venture capital business. These investments are designated on initial recognition at fair value through profit or loss. Otherwise, the Group’s investments in joint ventures and associates are accounted for using the equity method of accounting. (B) Goodwill Goodwill arises on business combinations and represents the excess of the cost of an acquisition over the fair value of the Group’s share of the identifiable assets, liabilities and contingent liabilities acquired. Where the fair value of the Group’s share of the identifiable assets, liabilities and contingent liabilities of the acquired entity is greater than the cost of acquisition, the excess is recognised immediately in the income statement. Goodwill is recognised as an asset at cost and is tested at least annually for impairment. For impairment testing, goodwill is allocated to the cash generating unit (CGU) or groups of CGUs that are expected to benefit from the business combination. The Group's CGUs are largely product based for its Retail business and client based for its Commercial Banking business. An impairment loss is recognised if the carrying amount of a CGU is determined to be greater than its recoverable amount. The recoverable amount of a CGU is the higher of its fair value less costs to sell and its value in use. If an impairment is identified the carrying value of the goodwill is written down immediately through the income statement and this is not subsequently reversed. At the date of disposal of a subsidiary, the carrying value of attributable goodwill is included in the calculation of the profit or loss on disposal. (C) Other intangible assets Intangible assets which have been determined to have a finite useful life are amortised on a straight-line basis over their estimated useful life as follows: up to 7 years for capitalised software; 10 to 15 years for brands and other intangible assets. Intangible assets with finite useful lives are reviewed at each reporting date to assess whether there is any indication that they are impaired. If any such indication exists the recoverable amount of the asset is determined and in the event that the asset’s carrying amount is greater than its recoverable amount, it is written down immediately. Certain brands have been determined to have an indefinite useful life and are not amortised. Such intangible assets are assessed annually to determine whether the asset is impaired and to reconfirm that an indefinite useful life remains appropriate. In the event that an indefinite life is inappropriate, a finite life is determined and a further impairment review is performed on the asset. (D) Revenue recognition (1) Net interest income Interest income and expense are recognised in the income statement using the effective interest method for all interest-bearing financial instruments, except for those classified at fair value through profit or loss. The effective interest method is a method of calculating the amortised cost of a financial asset or liability and of allocating the interest income or interest expense over the expected life of the financial instrument. The effective interest rate is the rate that exactly discounts the estimated future cash payments or receipts over the expected life of the financial instrument to the gross carrying amount of the financial asset (before adjusting for expected credit losses) or to the amortised cost of the financial liability, including early redemption fees, other fees, and premiums and discounts that are an integral part of the overall return. In the case of financial assets that are purchased or originated credit-impaired, the effective interest rate is the rate that discounts the estimated future cash flows to the amortised cost of the instrument. Direct incremental transaction costs related to the acquisition, issue or disposal of a financial instrument are also taken into account. Interest income from non-credit impaired financial assets is recognised by applying the effective interest rate to the gross carrying amount of the asset; for credit impaired financial assets, the effective interest rate is applied to the net carrying amount after deducting the allowance for expected credit losses. Impairment policies are set out in (H) below. (2) Fee and commission income and expense Fees and commissions receivable which are not an integral part of the effective interest rate are recognised as income as the Group fulfils its performance obligations. The Group’s principal performance obligations arising from contracts with customers are in respect of value added current accounts, credit cards and debit cards. These fees are received, and the Group provides the service, monthly; the fees are recognised in income on this basis. The Group also receives certain fees in respect of its asset finance business where the performance obligations are typically fulfilled towards the end of the customer contract; these fees are recognised in income on this basis. Where it is unlikely that the loan commitments will be drawn, loan commitment fees are recognised in fee and commission income over the life of the facility, rather than as an adjustment to the effective interest rate for the lending expected to be drawn. Incremental costs incurred to generate fee and commission income are charged to fee and commission expense as they are incurred. (3) Other Dividend income is recognised when the right to receive payment is established. Revenue recognition policies specific to trading income are set out in (E)(3) below; and those relating to leases are set out in (J)(1) below. (E) Financial assets and liabilities On initial recognition, financial assets are classified as measured at amortised cost, fair value through other comprehensive income or fair value through profit or loss, depending on the Group’s business model for managing those financial assets and whether the resultant cash flows represent solely payments of principal and interest. The Group assesses its business models at a portfolio level based on its objectives for the relevant portfolio, how the performance of the portfolio is managed and reported, and the frequency of asset sales. Financial assets with embedded derivatives are considered in their entirety when considering their cash flow characteristics. The Group reclassifies financial assets only when its business model for managing those assets changes. A reclassification will only take place when the change is significant to the Group’s operations and will occur at a portfolio level and not for individual instruments; reclassifications are expected to be rare. Equity investments are measured at fair value through profit or loss unless the Group elects at initial recognition to account for the instruments at fair value through other comprehensive income. For these instruments, principally strategic investments, dividends are recognised in profit or loss but fair value gains and losses are not subsequently reclassified to profit or loss following derecognition of the investment. The Group initially recognises loans and advances, deposits, debt securities in issue and subordinated liabilities when the Group becomes a party to the contractual provisions of the instrument. Regular way purchases and sales of securities and other financial assets and trading liabilities are recognised on trade date, being the date that the Group is committed to purchase or sell an asset. Financial assets are derecognised when the contractual right to receive cash flows from those assets has expired or when the Group has transferred its contractual right to receive the cash flows from the assets and either: substantially all of the risks and rewards of ownership have been transferred; or the Group has neither retained nor transferred substantially all of the risks and rewards, but has transferred control. Financial liabilities are derecognised when the obligation is discharged, cancelled or expires. (1) Financial instruments measured at amortised cost Financial assets that are held to collect contractual cash flows where those cash flows represent solely payments of principal and interest are measured at amortised cost. A basic lending arrangement results in contractual cash flows that are solely payments of principal and interest on the principal amount outstanding. Where the contractual cash flows introduce exposure to risks or volatility unrelated to a basic lending arrangement such as changes in equity prices or commodity prices, the payments do not comprise solely principal and interest. Financial assets measured at amortised cost are predominantly loans and advances to customers and banks, reverse repurchase agreements and certain debt securities used by the Group to manage its liquidity. Loans and advances and reverse repurchase agreements are initially recognised when cash is advanced to the borrower at fair value inclusive of transaction costs. Interest income is accounted for using the effective interest method (see (D) above). Financial liabilities are measured at amortised cost, except for trading liabilities and other financial liabilities designated at fair value through profit or loss on initial recognition which are held at fair value. Where changes are made to the contractual cash flows of a financial asset or financial liability that are economically equivalent and arise as a direct consequence of interest rate benchmark reform, the Group updates the effective interest rate and does not recognise an immediate gain or loss. (2) Financial assets measured at fair value through other comprehensive income Financial assets that are held to collect contractual cash flows and for subsequent sale, where the assets’ cash flows represent solely payments of principal and interest, are recognised in the balance sheet at their fair value, inclusive of transaction costs. Interest calculated using the effective interest method and foreign exchange gains and losses on assets denominated in foreign currencies are recognised in the income statement. All other gains and losses arising from changes in fair value are recognised directly in other comprehensive income, until the financial asset is either sold or matures, at which time the cumulative gain or loss previously recognised in other comprehensive income is recognised in the income statement; other than in respect of equity shares, for which the cumulative revaluation amount is transferred directly to retained profits. The Group recognises a charge for expected credit losses in the income statement (see (H) below). As the asset is measured at fair value, the charge does not adjust the carrying value of the asset, and this is reflected in other comprehensive income. (3) Financial instruments measured at fair value through profit or loss Financial assets are classified at fair value through profit or loss where they do not meet the criteria to be measured at amortised cost or fair value through other comprehensive income or where they are designated at fair value through profit or loss to reduce an accounting mismatch. All derivatives are carried at fair value through profit or loss, other than those in effective cash flow and net investment hedging relationships. Derivatives are carried on the balance sheet as assets when their fair value is positive and as liabilities when their fair value is negative. Refer to note 41(3) (Financial instruments: Financial assets and liabilities carried at fair value) for details of valuation techniques and significant inputs to valuation models. Derivatives embedded in a financial asset are not considered separately; the financial asset is considered in its entirety when determining whether its cash flows are solely payments of principal and interest. Derivatives embedded in financial liabilities are treated as separate derivatives when their economic characteristics and risks are not closely related to those of the host contract and the host contract is not carried at fair value through profit or loss. These embedded derivatives are measured at fair value with changes in fair value recognised in the income statement. Trading securities, which are debt securities and equity shares acquired principally for the purpose of selling in the short term or which are part of a portfolio which is managed for short-term gains, do not meet these criteria and are also measured at fair value through profit or loss. Financial assets measured at fair value through profit or loss are recognised in the balance sheet at their fair value. Fair value gains and losses together with interest coupons and dividend income are recognised in the income statement within net trading income. Financial liabilities are measured at fair value through profit or loss where they are trading liabilities or where they are designated at fair value through profit or loss in order to reduce an accounting mismatch; where the liabilities are part of a group of liabilities (or assets and liabilities) which is managed, and its performance evaluated, on a fair value basis; or where the liabilities contain one or more embedded derivatives that significantly modify the cash flows arising under the contract and would otherwise need to be separately accounted for. Financial liabilities measured at fair value through profit or loss are recognised in the balance sheet at their fair value. Fair value gains and losses are recognised in the income statement within net trading income in the period in which they occur, except in the case of financial liabilities designated at fair value through profit or loss where gains and losses attributable to changes in own credit risk are recognised in other comprehensive income. The fair values of assets and liabilities traded in active markets are based on current bid and offer prices, respectively, which include the expected effects of potential changes to laws and regulations, risks associated with climate change and other factors. If the market is not active the Group establishes a fair value by using valuation techniques. The fair values of derivative financial instruments are adjusted where appropriate to reflect credit risk (via credit valuation adjustments (CVAs), debit valuation adjustments (DVAs) and funding valuation adjustments (FVAs)), market liquidity and other risks. (4) Borrowings Borrowings (which include deposits from banks, customer deposits, repurchase agreements, debt securities in issue and subordinated liabilities) are recognised initially at fair value, being their issue proceeds net of transaction costs incurred. These instruments are subsequently stated at amortised cost using the effective interest method. Preference shares and other instruments which carry a mandatory coupon or are redeemable on a specific date are classified as financial liabilities. The coupon on these instruments is recognised in the income statement as interest expense. Securities which carry a discretionary coupon and have no fixed maturity or redemption date are classified as other equity instruments. Interest payments on these securities are recognised as distributions from equity in the period in which they are paid. An exchange of financial liabilities on substantially different terms is accounted for as an extinguishment of the original financial liability and the recognition of a new financial liability. The difference between the carrying amount of a financial liability extinguished and the new financial liability is recognised in profit or loss together with any related costs or fees incurred. When a financial liability is exchanged for an equity instrument, the new equity instrument is recognised at fair value and any difference between the carrying value of the liability and the fair value of the new equity instrument is recognised in profit or loss. (5) Sale and repurchase agreements (including securities lending and borrowing) Securities sold subject to repurchase agreements (repos) continue to be recognised on the balance sheet where substantially all of the risks and rewards are retained. Funds received for repos carried at fair value are included within trading liabilities. Conversely, securities purchased under agreements to resell (reverse repos), where the Group does not acquire substantially all of the risks and rewards of ownership, are measured at amortised cost or at fair value. Those measured at fair value are recognised within trading securities. The difference between sale and repurchase price is treated as interest and accrued over the life of the agreements using the effective interest method. Securities borrowing and lending transactions are typically secured; collateral takes the form of securities or cash advanced or received. Securities lent to counterparties are retained on the balance sheet. Securities borrowed are not recognised on the balance sheet, unless these are sold to third parties, in which case the obligation to return them is recorded at fair value as a trading liability. Cash collateral given or received is treated as a loan and advance measured at amortised cost or customer deposit. (F) Hedge accounting As permitted by IFRS 9, the Group continues to apply the requirements of IAS 39 to its hedging relationships. Changes in the fair value of all derivative instruments, other than those in effective cash flow and net investment hedging relationships, are recognised immediately in the income statement. As noted in (2) and (3) below, the change in fair value of a derivative in an effective cash flow or net investment hedging relationship is allocated between the income statement and other comprehensive income. Hedge accounting allows one financial instrument, generally a derivative such as a swap, to be designated as a hedge of another financial instrument such as a loan or deposit or a portfolio of such instruments. At the inception of the hedge relationship, formal documentation is drawn up specifying the hedging strategy, the hedged item, the hedging instrument and the methodology that will be used to measure the effectiveness of the hedge relationship in offsetting changes in the fair value or cash flow of the hedged risk. The effectiveness of the hedging relationship is tested both at inception and throughout its life and if at any point it is concluded that it is no longer highly effective in achieving its documented objective, hedge accounting is discontinued. Note 14 provides details of the types of derivatives held by the Group and presents separately those designated in hedge relationships. Where there is uncertainty arising from interest rate benchmark reform, the Group assumes that the interest rate benchmark on which the hedged cash flows and/or the hedged risk are based, or the interest rate benchmark on which the cash flows of the hedging instrument are based, are not altered as a result of interest rate benchmark reform. The Group does not discontinue a hedging relationship during the period of uncertainty arising from the interest rate benchmark reform solely because the actual results of the hedge are not highly effective. Where the contractual terms of a financial asset, financial liability or derivative are amended, on an economically equivalent basis, as a direct consequence of interest rate benchmark reform, the uncertainty arising from the reform is no longer present. In these circumstances, the Group amends the hedge documentation to reflect the changes required by the reform; these changes to the documentation do not in and of themselves result in the discontinuation of hedge accounting or require the designation of a new hedge relationship. (1) Fair value hedges Changes in the fair value of derivatives that are designated and qualify as fair value hedges are recorded in the income statement, together with the changes in the fair value of the hedged asset or liability that are attributable to the hedged risk; this also applies if the hedged asset is classified as a financial asset at fair value through other comprehensive income. If the hedge no longer meets the criteria for hedge accounting, changes in the fair value of the hedged item attributable to the hedged risk are no longer recognised in the income statement. The cumulative adjustment that has been made to the carrying amount of the hedged item is amortised to the income statement using the effective interest method over the period to maturity. (2) Cash flow hedges The effective portion of changes in the fair value of derivatives that are designated and qualify as cash flow hedges is recognised in other comprehensive income in the cash flow hedging reserve. The gain or loss relating to the ineffective portion is recognised immediately in the income statement. Amounts accumulated in equity are reclassified to the income statement in the periods in which the hedged item affects profit or loss. When a hedging instrument expires or is sold, or when a hedge no longer meets the criteria for hedge accounting, any cumulative gain or loss existing in equity at that time remains in equity and is recognised in the income statement when the forecast transaction is ultimately recognised in the income statement. When a forecast transaction is no longer expected to occur, the cumulative gain or loss that was reported in equity is immediately transferred to the income statement. (3) Net investment hedges Hedges of net investments in foreign operations are accounted for similarly to cash flow hedges. Any gain or loss on the hedging instrument relating to the effective portion of the hedge is recognised in other comprehensive income, the gain or loss relating to the ineffective portion is recognised immediately in the income statement. Gains and losses accumulated in equity are included in the income statement when the foreign operation is disposed of. The hedging instruments used in net investment hedges may include non-derivative liabilities as well as derivative financial instruments. (G) Offset Financial assets and liabilities are offset and the net amount reported in the balance sheet when there is a legally enforceable right of offset and there is an intention to settle on a net basis, or realise the asset and settle the liability simultaneously. Cash collateral on exchange traded derivative transactions is presented gross unless the collateral cash flows are always settled net with the derivative cash flows. In certain situations, even though master netting agreements exist, the lack of management intention to settle on a net basis results in the financial assets and liabilities being reported gross on the balance sheet. (H) Impairment of financial assets The impairment charge in the income statement reflects the change in expected credit losses, including those arising from fraud. Expected credit losses are recognised for loans and advances to customers and banks, other financial assets held at amortised cost, financial assets (other than equity investments) measured at fair value through other comprehensive income, and certain loan commitments and financial guarantee contracts. Expected credit losses are calculated as an unbiased and probability-weighted estimate using an appropriate probability of default, adjusted to take into account a range of possible future economic scenarios, and applying this to the estimated exposure of the Group at the point of default after taking into account the value of any collateral held, repayments, or other mitigants of loss and including the impact of discounting using the effective interest rate. At initial recognition, allowance (or provision in the case of some loan commitments and financial guarantees) is made for expected credit losses resulting from default events that are possible within the next 12 months (12-month expected credit losses). In the event of a significant increase in credit risk since origination, allowance (or provision) is made for expected credit losses resulting from all possible default events over the expected life of the financial instrument (lifetime expected credit losses). Financial assets where 12-month expected credit losses are recognised are considered to be Stage 1; financial assets which are considered to have experienced a significant increase in credit risk since initial recognition are in Stage 2; and financial assets which have defaulted or are otherwise considered to be credit-impaired are allocated to Stage 3. Some Stage 3 assets, mainly in Commercial Banking, are subject to individual rather than collective assessment. Such cases are subject to a risk-based impairment sanctioning process, and these are reviewed and updated at least quarterly, or more frequently if there is a significant change in the credit profile. The collective assessment of impairment aggregates financial instruments with similar risk characteristics, such as whether the facility is revolving in nature or secured and the type of security held against financial assets. An assessment of whether credit risk has increased significantly since initial recognition considers the change in the risk of default occurring over the remaining expected life of the financial instrument. In determining whether there has been a significant increase in credit risk, the Group uses quantitative tests based on relative and absolute probability of default (PD) movements linked to internal credit ratings together with qualitative indicators such as watchlists and other indicators of historical delinquency, credit weakness or financial difficulty. The use of internal credit ratings and qualitative indicators ensures alignment between the assessment of staging and the Group’s management of credit risk which utilises these internal metrics within distinct retail and commercial portfolio risk management practices. However, unless identified at an earlier stage, the credit risk of financial assets is deemed to have increased significantly when more than 30 days past due. The use of a payment holiday in and of itself has not been judged to indicate a significant increase in credit risk, with the underlying long-term credit risk deemed to be driven by economic conditions and captured through the use of forward-looking models. These portfolio-level models are capturing the anticipated volume of increased defaults and therefore an appropriate assessment of staging and expected credit loss. Where the credit risk subsequently improves such that it no longer represents a significant increase in credit risk since initial recognition, the asset is transferred back to Stage 1. Assets are transferred to Stage 3 when they have defaulted or are otherwise considered to be credit-impaired. Default is considered to have occurred when there is evidence that the customer is experiencing financial difficulty which is likely to affect significantly the ability to repay the amount due. IFRS 9 contains a rebuttable presumption that default occurs no later than when a payment is 90 days past due which the Group now uses for all its products following changes to the definition of default for UK Mortgages on 1 January 2022. In addition, other indicators of mortgage default are added including end-of-term payments on past due interest-only accounts and loans considered non-performing due to recent arrears or forbearance. The use of payment holidays is not considered to be an automatic trigger of regulatory default and therefore does not automatically trigger Stage 3. Days past due will also not accumulate on any accounts that have taken a payment holiday including those already past due. In certain circumstances, the Group will renegotiate the original terms of a customer’s loan, either as part of an ongoing customer relationship or in response to adverse changes in the circumstances of the borrower. In the latter circumstances, the loan will remain classified as either Stage 2 or Stage 3 until the credit risk has improved such that it no longer represents a significant increase since origination (for a return to Stage 1), or the loan is no longer credit-impaired (for a return to Stage 2). On renegotiation the gross carrying amount of the loan |
CHANGES IN COMPARATIVE DATA
CHANGES IN COMPARATIVE DATA | 12 Months Ended |
Dec. 31, 2022 | |
Disclosure of reclassifications or changes in presentation [abstract] | |
CHANGES IN COMPARATIVE DATA | CHANGES IN COMPARATIVE DATA Restatement of cash flow statement following IFRS Interpretations Committee conclusion in April 2022 (see note 1). Consolidated cash flow statement for the year ended 31 December 2020 As reported Adjustments As reported Cash flows from operating activities Profit before tax 1,329 – 1,329 Adjustments for: Change in operating assets (6,856) 974 (5,882) Change in operating liabilities 17,841 – 17,841 Non-cash and other items 3,484 – 3,484 Tax paid (net) (616) – (616) Net cash provided by operating activities 15,182 974 16,156 Cash flows from investing activities Purchase of financial assets (8,539) – (8,539) Proceeds from sale and maturity of financial assets 6,225 – 6,225 Purchase of fixed assets (2,815) – (2,815) Proceeds from sale of fixed assets 1,063 – 1,063 Acquisition of businesses, net of cash acquired – – – Disposal of businesses, net of cash disposed – – – Net cash provided by (used in) investing activities (4,066) – (4,066) Cash flows from financing activities Dividends paid to ordinary shareholders – – – Distributions on other equity instruments (417) – (417) Dividends paid to non-controlling interests (7) – (7) Return of capital contributions (4) – (4) Interest paid on subordinated liabilities (852) – (852) Proceeds from issue of subordinated liabilities 303 – 303 Proceeds from issue of other equity instruments 1,070 – 1,070 Repayment of subordinated liabilities (4,156) – (4,156) Repurchases and redemptions of other equity instruments – – – Borrowings from parent company 4,799 – 4,799 Repayments of borrowings to parent company (1,403) – (1,403) Interest paid on borrowings from parent company (98) – (98) Net cash used in financing activities (765) – (765) Effects of exchange rate changes on cash and cash equivalents 1 – 1 Change in cash and cash equivalents 10,352 974 11,326 Cash and cash equivalents at beginning of year 38,614 1,682 40,296 Cash and cash equivalents at end of year 48,966 2,656 51,622 Note 45(A): Consolidated cash flow statement for the year ended 31 December 2020 (A) Change in operating assets As reported Adjustments As reported Change in amounts due from fellow Lloyds Banking Group undertakings 1,116 – 1,116 Change in other financial assets held at amortised cost (9,688) 974 (8,714) Change in financial assets at fair value through profit or loss 610 – 610 Change in derivative financial instruments 479 – 479 Change in other operating assets 627 – 627 Change in operating assets (6,856) 974 (5,882) Note 45(D): Consolidated cash flow statement for the year ended 31 December 2020 (D) Analysis of cash and cash equivalents as shown in the balance sheet As reported Adjustments As reported Cash and balances at central banks 49,888 – 49,888 Less mandatory reserve deposits 1 (4,392) 2,656 (1,736) 45,496 2,656 48,152 Loans and advances to banks and reverse repurchase agreements 5,950 – 5,950 Less amounts with a maturity of three months or more (2,480) – (2,480) 3,470 – 3,470 Total cash and cash equivalents 48,966 2,656 51,622 1 Mandatory reserve deposits are held with local central banks in accordance with statutory requirements. Where these deposits are not held in demand accounts and are not available to finance the Group’s day-to-day operations they are excluded from cash and cash equivalents. Comparatives have been restated as a result of the Lloyds Banking Group restructure effective from 1 July 2022 and other methodology changes (see note 4). Note 4: Segmental analysis for the year ended 31 December 2020 As reported in 2021 Retail Commercial Other Group Year ended 31 December 2020 1 Net interest income 8,321 2,300 149 10,770 Other income 1,735 673 1,407 3,815 Total income 10,056 2,973 1,556 14,585 Operating expenses (5,816) (1,673) (1,707) (9,196) Impairment charge (2,384) (1,280) (396) (4,060) Profit before tax 1,856 20 (547) 1,329 External income 11,859 2,496 230 14,585 Inter-segment (expense) income (1,803) 477 1,326 – Segment income 10,056 2,973 1,556 14,585 Segment external assets 359,171 83,155 157,613 599,939 Segment external liabilities 295,216 126,008 137,597 558,821 Analysis of segment other income: Fee and commission income: Current accounts 497 109 4 610 Credit and debit card fees 517 231 – 748 Commercial banking fees – 169 – 169 Factoring – 76 – 76 Other fees and commissions 63 157 101 321 Fee and commission income 1,077 742 105 1,924 Fee and commission expense (571) (195) (143) (909) Net fee and commission income 506 547 (38) 1,015 Operating lease rental income 1,104 16 – 1,120 Gains less losses on disposal of financial assets at fair value through other comprehensive income – – 145 145 Other income 125 110 1,300 1,535 Segment other income 1,735 673 1,407 3,815 Other segment items reflected in income statement above: Depreciation and amortisation 1,760 242 668 2,670 Defined benefit scheme charges 97 28 122 247 Other segment items: Additions to fixed assets 1,684 89 1,042 2,815 Note 4: Segmental analysis for the year ended 31 December 2020 Adjustments Retail Commercial Other Group Year ended 31 December 2020 1 Net interest income (4) 171 (167) – Other income (127) 136 (9) – Total income (131) 307 (176) – Operating expenses (59) (405) 464 – Impairment charge 110 (117) 7 – Profit before tax (80) (215) 295 – External income (369) 354 15 – Inter-segment (expense) income 238 (47) (191) – Segment income (131) 307 (176) – Segment external assets (7,987) 9,051 (1,064) – Segment external liabilities (10,594) 24,720 (14,126) – Analysis of segment other income: Fee and commission income: Current accounts (69) 73 (4) – Credit and debit card fees (70) 70 – – Commercial banking fees – – – – Factoring – – – – Other fees and commissions 9 2 (11) – Fee and commission income (130) 145 (15) – Fee and commission expense (14) (12) 26 – Net fee and commission income (144) 133 11 – Operating lease rental income – – – – Gains less losses on disposal of financial assets at fair value through other comprehensive income – – – – Other income 17 3 (20) – Segment other income (127) 136 (9) – Other segment items reflected in income statement above: Depreciation and amortisation – – – – Defined benefit scheme charges 3 2 (5) – Non-income statement segment items: Additions to fixed assets – – – – Note 4: Segmental analysis for the year ended 31 December 2020 As reported in 2022 Retail Commercial Other Group Year ended 31 December 2020 1 Net interest income 8,317 2,471 (18) 10,770 Other income 1,608 809 1,398 3,815 Total income 9,925 3,280 1,380 14,585 Operating expenses (5,875) (2,078) (1,243) (9,196) Impairment charge (2,274) (1,397) (389) (4,060) Profit (loss) before tax 1,776 (195) (252) 1,329 External income 11,490 2,850 245 14,585 Inter-segment (expense) income (1,565) 430 1,135 – Segment income 9,925 3,280 1,380 14,585 Segment external assets 351,184 92,206 156,549 599,939 Segment external liabilities 284,622 150,728 123,471 558,821 Analysis of segment other income: Fee and commission income: Current accounts 428 182 – 610 Credit and debit card fees 447 301 – 748 Commercial banking fees – 169 – 169 Factoring – 76 – 76 Other fees and commissions 72 159 90 321 Fee and commission income 947 887 90 1,924 Fee and commission expense (585) (207) (117) (909) Net fee and commission income 362 680 (27) 1,015 Operating lease rental income 1,104 16 – 1,120 Gains less losses on disposal of financial assets at fair value through other comprehensive income – – 145 145 Other income 142 113 1,280 1,535 Segment other income 1,608 809 1,398 3,815 Other segment items reflected in income statement above: Depreciation and amortisation 1,760 242 668 2,670 Defined benefit scheme charges 100 30 117 247 Non-income statement segment items: Additions to fixed assets 1,684 89 1,042 2,815 |
CRITICAL ACCOUNTING JUDGEMENTS
CRITICAL ACCOUNTING JUDGEMENTS AND KEY SOURCES OF ESTIMATION UNCERTAINTY | 12 Months Ended |
Dec. 31, 2022 | |
Disclosure of accounting judgements and estimates [Abstract] | |
CRITICAL ACCOUNTING JUDGEMENTS AND KEY SOURCES OF ESTIMATION UNCERTAINTY | NOTE 3: CRITICAL ACCOUNTING JUDGEMENTS AND KEY SOURCES OF ESTIMATION UNCERTAINTY The preparation of the Group’s financial statements in accordance with IFRS requires management to make judgements, estimates and assumptions in applying the accounting policies that affect the reported amounts of assets, liabilities, income and expenses. Due to the inherent uncertainty in making estimates, actual results reported in future periods may be based upon amounts which differ from those estimates. Estimates, judgements and assumptions are continually evaluated and are based on historical experience and other factors, including expectations of future events that are believed to be reasonable under the circumstances. In preparing the financial statements, the Group has considered the impact of climate-related risks on its financial position and performance. While the effects of climate change represent a source of uncertainty, the Group does not consider there to be a material impact on its judgements and estimates from the physical, transition and other climate-related risks in the short term. The significant judgements, apart from those involving estimation, made by management in applying the Group’s accounting policies in these financial statements (critical judgements) and the key sources of estimation uncertainty that may have a significant risk of causing a material adjustment to the carrying amount of assets and liabilities within the next financial year (key sources of estimation uncertainty), which together are considered critical to the Group’s results and financial position, are as follows: Allowance for expected credit losses Critical judgements: Determining an appropriate definition of default against which a probability of default, exposure at default and loss given default parameter can be evaluated Establishing the criteria for a significant increase in credit risk (SICR) The use of management judgement alongside impairment modelling processes to adjust inputs, parameters and outputs to reflect risks not captured by models Key source of estimation uncertainty: Base case and multiple economic scenarios (MES) assumptions, including the rate of unemployment and the rate of change of house prices, required for creation of MES scenarios and forward-looking credit parameters The Group recognises an allowance for expected credit losses (ECLs) for loans and advances to customers and banks, other financial assets held at amortised cost, financial assets (other than equity investments) measured at fair value through other comprehensive income and certain loan commitment and financial guarantee contracts. At 31 December 2022, the Group’s expected credit loss allowance was £4,796 million (2021: £4,000 million), of which £4,492 million (2021: £3,806 million) was in respect of drawn balances. The calculation of the Group’s expected credit loss allowances and provisions against loan commitments and guarantees under IFRS 9 requires the Group to make a number of judgements, assumptions and estimates. Further information on the critical accounting judgements and key sources of estimation uncertainty (see above) and other significant judgements and estimates is set out in note 16. Defined benefit pension scheme obligations Critical judgement: Determination of an appropriate yield curve Key sources of estimation uncertainty: Discount rate applied to future cash flows Expected lifetime of the schemes’ members Expected rate of future inflationary increases The net asset recognised in the balance sheet at 31 December 2022 in respect of the Group’s defined benefit pension scheme obligations was £3,732 million comprising an asset of £3,823 million and a liability of £91 million (2021: a net asset of £4,404 million comprising an asset of £4,531 million and a liability of £127 million). The Group’s accounting policy for its defined benefit pension scheme obligations is set out in note 2(K). The accounting valuation of the Group’s defined benefit pension schemes’ liabilities requires management to make a number of assumptions. The key sources of estimation uncertainty are the discount rate applied to future cash flows, the expected lifetime of the schemes’ members and the expected rate of future inflationary increases. Income statement and balance sheet sensitivities to changes in the critical accounting estimates and other actuarial assumptions are provided in part (v) of note 27. Uncertain tax positions Critical judgement: Interpreting tax rules on the Group’s open tax matters The Lloyds Banking Group has an open matter in relation to a claim for group relief of losses incurred in its former Irish banking subsidiary, which ceased trading on 31 December 2010. In 2013, HMRC informed the Lloyds Banking Group that its interpretation of the UK rules means that the group relief is not available. In 2020, HMRC concluded their enquiry into the matter and issued a closure notice. The Lloyds Banking Group’s interpretation of the UK rules has not changed and hence it has appealed to the First Tier Tax Tribunal, with a hearing expected in 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 £760 million (including interest) and a reduction in the Group's deferred tax asset of approximately £295 million. The Lloyds Banking Group, having taken appropriate advice, does not consider that this is a case where additional tax will ultimately fall due. The Group makes other estimates in relation to tax which do not require significant judgements, see further discussion in note 28. Regulatory and legal provisions Critical judgements: Determining the scope of reviews required by regulators The impact of legal decisions that may be relevant to claims received Determining whether a reliable estimate is available for obligations arising from past events Key sources of estimation uncertainty: The number of future complaints The proportion of complaints that will be upheld The average cost of redress At 31 December 2022, the Group carried provisions of £708 million (2021: £1,054 million) against the cost of making redress payments to customers and the related administration costs in connection with historical regulatory breaches. Determining the amount of the provisions, which represent management’s best estimate of the cost of settling these issues, requires the exercise of significant judgement and estimation. It will often be necessary to form a view on matters which are inherently uncertain, such as the scope of reviews required by regulators, and to estimate the number of future complaints, the extent to which they will be upheld, the average cost of redress and the impact of decisions reached by legal and other review processes that may be relevant to claims received. Consequently the continued appropriateness of the underlying assumptions is reviewed on a regular basis against actual experience and other relevant evidence and adjustments made to the provisions where appropriate. Management has applied significant judgement in determining the provision required for HBOS Reading; further details are provided in note 29. Fair value of financial instruments Key source of estimation uncertainty: Interest rate spreads, earnings multiples and interest rate volatility At 31 December 2022, the carrying value of the Group’s financial instrument assets held at fair value was £28,074 million (2021: £35,095 million), and its financial instrument liabilities held at fair value was £11,050 million (2021: £11,180 million). The Group’s valuation control framework and a description of level 1, 2 and 3 financial assets and liabilities is set out in note 41(2). The valuation techniques for level 3 financial instruments involve management judgement and estimates, the extent of which depends on the complexity of the instrument and the availability of market observable information. In addition, in line with market practice, the Group applies credit, debit and funding valuation adjustments in determining the fair value of its uncollateralised derivative positions. A description of these adjustments is set out in note 41. Capitalised software enhancements Critical judgement: Assessing future trading conditions that could affect the Group’s business operations Key source of estimation uncertainty: Estimated useful life of internally generated capitalised software At 31 December 2022, the carrying value of the Group’s capitalised software enhancements was £3,964 million (2021: £3,383 million). In determining the estimated useful life of capitalised software enhancements, management consider the product’s lifecycle and the Group’s technology strategy; assets are reviewed annually to assess whether there is any indication of impairment and to confirm that the remaining estimated useful life is still appropriate. For the year ended 31 December 2022, the amortisation charge was £825 million (2021: £884 million), and at 31 December 2022, the weighted-average remaining estimated useful life of the Group’s capitalised software enhancements was 4.5 years (2021: 4.7 years). If the Group reduced by one year the estimated useful life of those assets with a remaining estimated useful life of more than two years at 31 December 2022, the 2023 amortisation charge would be approximately £200 million higher. Consideration of climate change Financial statement preparation includes the consideration of the impact of climate change on the Group’s financial statements. There has been no material impact identified on the financial reporting judgement and estimates. In particular, the directors considered the impact of climate change in respect of the: • Going concern of the Group for a period of at least 12 months from the date of approval of the financial statements • Assessment of impairment of non-financial assets including goodwill • Carrying value and useful economic lives of property, plant and equipment • Fair value of financial assets and liabilities. These are generally based on market indicators which include the market’s assessment of climate risk • Economic scenarios used for measurement of expected credit losses and the behavioural lifetime of assets against the expected time horizons of when climate risks may materialise • Forecasting of the Group's future UK taxable profits, which impacts deferred tax recognition Whilst there is currently no material short-term impact of climate change expected, the Group acknowledges the long-term nature of climate risk and continues to monitor and assess climate risks highlighted in the risk management section on page 47 |
SEGMENTAL ANALYSIS
SEGMENTAL ANALYSIS | 12 Months Ended |
Dec. 31, 2022 | |
Disclosure of operating segments [abstract] | |
SEGMENTAL ANALYSIS | NOTE 4: SEGMENTAL ANALYSIS The Group provides a wide range of banking and financial services in the UK and in certain locations overseas. The Group Executive Committee (GEC) of the Lloyds Banking Group has been determined to be the chief operating decision-maker, as defined by IFRS 8 Operating Segments , for the Group. The Group’s operating segments reflect its organisational and management structures. The GEC reviews the Group’s internal reporting based around these segments in order to assess performance and allocate resources. They consider interest income and expense on a net basis and consequently the total interest income and expense for all reportable segments is presented net. The segments are differentiated by the type of products provided and by whether the customers are individuals or corporate entities. During the year ended 31 December 2022, there were changes as a result of the Lloyds Banking Group restructure effective from 1 July 2022 and other methodology changes (comparatives have been restated accordingly): • Business Banking and Commercial Cards moved from Retail to Commercial Banking. Wealth moved to Retail. • The Group reviewed and updated its methodology for liquidity transfer pricing between segments. The Group's restructure created a revised organisational structure under its divisions. The Group completed a review and determined that it had two operating and reportable segments: Retail and Commercial Banking: • Retail offers a broad range of financial services products to personal customers, including current accounts, savings, mortgages, credit cards, unsecured loans, motor finance and leasing solutions. • Commercial Banking serves small and medium businesses as well as corporate and institutional clients, providing lending, transactional banking, working capital management, debt financing and risk management services. Other comprises income and expenditure not attributed to the Group's operating segments. These amounts include the costs of certain central and head office functions. Inter-segment services are generally recharged at cost, although some attract a margin. Inter-segment lending and deposits are generally entered into at market rates, except that non-interest bearing balances are priced at a rate that reflects the external yield that could be earned on such funds. For the majority of those derivative contracts entered into by business units for risk management purposes, the business unit recognises the net interest income or expense on an accrual accounting basis and transfers the remainder of the movement in the fair value of the derivative to the central function where the resulting accounting volatility is managed where possible through the establishment of hedge accounting relationships. Any change in fair value of the hedged instrument attributable to the hedged risk is also recorded within the central function. This allocation of the fair value of the derivative and change in fair value of the hedged instrument attributable to the hedged risk avoids accounting asymmetry in segmental results and leads to accounting volatility, which is managed centrally and reported within Other. Retail Commercial Other Group Year ended 31 December 2022 Net interest income 9,746 3,227 132 13,105 Other income 1,684 947 1,009 3,640 Total income 11,430 4,174 1,141 16,745 Operating expenses (5,696) (2,207) (1,296) (9,199) Impairment (charge) credit (1,373) (471) 392 (1,452) Profit before tax 4,361 1,496 237 6,094 External income 11,996 3,375 1,374 16,745 Inter-segment (expense) income (566) 799 (233) – Segment income 11,430 4,174 1,141 16,745 Segment external assets 372,585 89,536 154,807 616,928 Segment external liabilities 314,051 140,923 122,895 577,869 Analysis of segment other income: Fee and commission income: Current accounts 420 222 – 642 Credit and debit card fees 734 456 – 1,190 Commercial banking fees – 196 – 196 Factoring – 79 – 79 Other fees and commissions 66 149 30 245 Fee and commission income 1,220 1,102 30 2,352 Fee and commission expense (665) (280) (156) (1,101) Net fee and commission income 555 822 (126) 1,251 Operating lease rental income 1,065 12 – 1,077 Gains less losses on disposal of financial assets at fair value through other comprehensive income – – (76) (76) Other income 64 113 1,211 1,388 Segment other income 1,684 947 1,009 3,640 Other segment items reflected in income statement above: Depreciation and amortisation 1,216 195 937 2,348 Defined benefit scheme charges 72 28 25 125 Non-income statement segment items: Additions to fixed assets 2,146 94 1,464 3,704 Retail Commercial Other Group Year ended 31 December 2021 1 Net interest income 8,515 2,479 42 11,036 Other income 1,596 918 1,123 3,637 Total income 10,111 3,397 1,165 14,673 Operating expenses (5,878) (2,732) (1,596) (10,206) Impairment credit (charge) 447 869 2 1,318 Profit (loss) before tax 4,680 1,534 (429) 5,785 External income 11,200 3,172 301 14,673 Inter-segment (expense) income (1,089) 225 864 – Segment income 10,111 3,397 1,165 14,673 Segment external assets 364,375 85,806 152,668 602,849 Segment external liabilities 312,578 145,273 104,226 562,077 Analysis of segment other income: Fee and commission income: Current accounts 425 209 – 634 Credit and debit card fees 533 345 – 878 Commercial banking fees – 247 37 284 Factoring – 76 – 76 Other fees and commissions 65 171 87 323 Fee and commission income 1,023 1,048 124 2,195 Fee and commission expense (571) (247) (124) (942) Net fee and commission income 452 801 – 1,253 Operating lease rental income 1,046 13 – 1,059 Gains less losses on disposal of financial assets at fair value through other comprehensive income – – (116) (116) Other income 98 104 1,239 1,441 Segment other income 1,596 918 1,123 3,637 Other segment items reflected in income statement above: Depreciation and amortisation 1,525 273 979 2,777 Defined benefit scheme charges 89 29 118 236 Non-income statement segment items: Additions to fixed assets 1,922 168 1,012 3,102 1 Restated, see page F- 28 Retail Commercial Other Group Year ended 31 December 2020 1 Net interest income 8,317 2,471 (18) 10,770 Other income 1,608 809 1,398 3,815 Total income 9,925 3,280 1,380 14,585 Operating expenses (5,875) (2,078) (1,243) (9,196) Impairment charge (2,274) (1,397) (389) (4,060) Profit (loss) before tax 1,776 (195) (252) 1,329 External income 11,490 2,850 245 14,585 Inter-segment (expense) income (1,565) 430 1,135 – Segment income 9,925 3,280 1,380 14,585 Segment external assets 351,184 92,206 156,549 599,939 Segment external liabilities 284,622 150,728 123,471 558,821 Analysis of segment other income: Fee and commission income: Current accounts 428 182 – 610 Credit and debit card fees 447 301 – 748 Commercial banking fees – 169 – 169 Factoring – 76 – 76 Other fees and commissions 72 159 90 321 Fee and commission income 947 887 90 1,924 Fee and commission expense (585) (207) (117) (909) Net fee and commission income 362 680 (27) 1,015 Operating lease rental income 1,104 16 – 1,120 Gains less losses on disposal of financial assets at fair value through other comprehensive income – – 145 145 Other income 142 113 1,280 1,535 Segment other income 1,608 809 1,398 3,815 Other segment items reflected in income statement above: Depreciation and amortisation 1,760 242 668 2,670 Defined benefit scheme charges 100 30 117 247 Non-income statement segment items: Additions to fixed assets 1,684 89 1,042 2,815 1 Restated, see page F- 28 Geographical areas The Group’s operations are predominantly UK-based and as a result an analysis between UK and non-UK activities is not provided. |
NET INTEREST INCOME
NET INTEREST INCOME | 12 Months Ended |
Dec. 31, 2022 | |
Disclosure of interest income (expense) [Abstract] | |
NET INTEREST INCOME | NOTE 5: NET INTEREST INCOME Weighted average effective interest rate 2022 % 2021 % 2020 % 2022 £m 2021 £m 2020 £m Interest income: Loans and advances to banks and reverse repurchase agreements 1.16 0.11 0.20 947 70 114 Loans and advances to customers and reverse repurchase agreements 3.01 2.55 2.76 14,523 12,334 13,358 Debt securities 2.22 1.57 1.82 145 74 92 Financial assets held at amortised cost 2.73 2.27 2.48 15,615 12,478 13,564 Financial assets at fair value through other comprehensive income 4.02 1.69 1.12 947 442 302 Total interest income 1 2.79 2.24 2.42 16,562 12,920 13,866 Interest expense: Deposits from banks 1.90 1.34 1.19 (78) (66) (82) Customer deposits 0.34 0.12 0.40 (1,083) (386) (1,270) Repurchase agreements at amortised cost 1.79 0.10 0.36 (827) (22) (117) Debt securities in issue 2 2.08 1.37 1.13 (1,075) (746) (761) Lease liabilities 2.07 2.01 2.36 (27) (30) (39) Subordinated liabilities 5.55 7.01 7.19 (367) (634) (827) Total interest expense 3 0.81 0.45 0.71 (3,457) (1,884) (3,096) Net interest income 13,105 11,036 10,770 1 Includes £21 million (2021: £10 million; 2020: £10 million) of interest income on liabilities with negative interest rates, £29 million (2021: £38 million; 2020: £42 million) in respect of interest income on finance leases and £682 million (2021: £695 million) in respect of hire purchase receivables. 2 The impact of the Group’s hedging arrangements is included on this line; excluding this impact the weighted average effective interest rate in respect of debt securities in issue would be 4.17 per cent (2021: 2.30 per cent; 2020: 2.42 per cent). 3 Includes £5 million (2021: £2 million; 2020: £23 million) of interest expense on assets with negative interest rates. Included within interest income is £271 million (2021: £173 million; 2020: £170 million) in respect of credit-impaired financial assets. Net interest income also includes a credit of £1 million (2021: credit of £584 million; 2020: credit of £727 million) transferred from the cash flow hedging reserve (see note 33). |
NET FEE AND COMMISSION INCOME
NET FEE AND COMMISSION INCOME | 12 Months Ended |
Dec. 31, 2022 | |
Disclosure of fee and commission income (expense) [Abstract] | |
NET FEE AND COMMISSION INCOME | NOTE 6: NET FEE AND COMMISSION INCOME 2022 £m 2021 £m 2020 £m Fee and commission income: Current accounts 642 634 610 Credit and debit card fees 1,190 878 748 Commercial banking fees 196 284 169 Factoring 79 76 76 Other fees and commissions 245 323 321 Total fee and commission income 2,352 2,195 1,924 Fee and commission expense (1,101) (942) (909) Net fee and commission income 1,251 1,253 1,015 Fees and commissions which are an integral part of the effective interest rate form part of net interest income shown in note 5. Fees and commissions relating to instruments that are held at fair value through profit or loss are included within net trading income shown in note 7. In determining the disaggregation of fees and commissions the Group has considered how the nature, amount, timing and uncertainty of revenue and cash flows are affected by economic factors, including those that are impacted by climate-related factors. It has determined that the above disaggregation by product type provides useful information that does not aggregate items that have substantially different characteristics and is not too detailed. At 31 December 2022, the Group held on its balance sheet £99 million (31 December 2021: £76 million) in respect of services provided to customers and £63 million (31 December 2021: £70 million) in respect of amounts received from customers for services to be provided after the balance sheet date. Current unsatisfied performance obligations amount to £138 million (31 December 2021: £143 million); the Group expects to receive substantially all of this revenue by 2024. Income recognised during the year included £5 million (2021: £13 million) in respect of amounts included in the contract liability balance at the start of the year and £nil (2021: £nil) in respect of amounts from performance obligations satisfied in previous years. The most significant performance obligations undertaken by the Group are in respect of current accounts, the provision of other banking services for commercial customers and credit and debit card services. In respect of current accounts, the Group receives fees for the provision of bank account and transaction services such as ATM services, fund transfers, overdraft facilities and other value-added offerings. For commercial customers, alongside its provision of current accounts, the Group provides other corporate banking services including factoring and commitments to provide loan financing. Loan commitment fees are included in fees and commissions where the loan is not expected to be drawn down by the customer. The Group receives interchange and merchant fees, together with fees for overseas use and cash advances, for provision of card services to cardholders and merchants. |
NET TRADING INCOME
NET TRADING INCOME | 12 Months Ended |
Dec. 31, 2022 | |
Disclosure of trading income (expense) [Abstract] | |
NET TRADING INCOME | NOTE 7: NET TRADING INCOME 2022 £m 2021 £m 2020 £m Foreign exchange translation gains 6 10 74 Gains on foreign exchange trading transactions 341 329 326 Total foreign exchange 347 339 400 Investment property losses – – (20) Securities and other (losses) gains (see below) (167) 46 370 Net trading income 180 385 750 Securities and other gains comprise net gains (losses) arising on assets and liabilities held at fair value through profit or loss as follows: 2022 £m 2021 £m 2020 £m Net income arising on assets and liabilities mandatorily held at fair value through profit or loss: Financial instruments held for trading 1 (24) 94 440 Other financial instruments mandatorily held at fair value through profit or loss: Debt securities, loans and advances 7 6 37 Equity shares 3 11 9 (14) 111 486 Net expense arising on assets and liabilities designated at fair value through profit or loss (153) (65) (116) Securities and other (losses) gains (167) 46 370 1 Includes hedge ineffectiveness in respect of fair value hedges (2022: loss of £21 million, 2021: gain of £195 million; 2020: gain of £546 million) and cash flow hedges (2022: loss of £6 million, 2021: loss of £58 million; 2020: gain of £259 million). |
OTHER OPERATING INCOME
OTHER OPERATING INCOME | 12 Months Ended |
Dec. 31, 2022 | |
Disclosure of other operating income (expense) [Abstract] | |
OTHER OPERATING INCOME | NOTE 8: OTHER OPERATING INCOME 2022 £m 2021 £m 2020 £m Operating lease rental income 1,077 1,059 1,120 Gains less losses on disposal of financial assets at fair value through other comprehensive income (note 33) (76) (116) 145 Liability management (21) (39) (216) Intercompany recharges and other 1,229 1,095 1,001 Total other operating income 2,209 1,999 2,050 |
OPERATING EXPENSES
OPERATING EXPENSES | 12 Months Ended |
Dec. 31, 2022 | |
Disclosure of expenses [Abstract] | |
OPERATING EXPENSES | NOTE 9: OPERATING EXPENSES 2022 £m 2021 £m 2020 £m Staff costs: Salaries 2,350 2,260 2,382 Performance-based compensation 409 282 106 Social security costs 322 290 271 Pensions and other post-retirement benefit schemes (note 27) 439 523 552 Restructuring costs 36 88 161 Other staff costs 297 249 143 3,853 3,692 3,615 Premises and equipment costs: Rent and rates 102 116 115 Repairs and maintenance 136 161 172 Other 1 54 (62) 138 292 215 425 Other expenses: Communications and data processing 1,412 1,154 996 Advertising and promotion 170 161 184 Professional fees 210 150 128 Regulatory and legal provisions (note 29) 225 1,177 414 Other 689 880 760 2,706 3,522 2,482 Depreciation and amortisation: Depreciation of property, plant and equipment 2 1,453 1,823 2,017 Amortisation of other intangible assets (note 20) 895 954 653 2,348 2,777 2,670 Goodwill impairment (note 19) – – 4 Total operating expenses 9,199 10,206 9,196 1 Net of profits on disposal of operating lease assets of £197 million (2021: £249 million; 2020: £127 million). 2 Comprising depreciation in respect of premises £112 million (2021: £121 million; 2020: £124 million), equipment £558 million (2021: £777 million; 2020: £676 million), operating lease assets £570 million (2021: £709 million; 2020: £1,002 million) and right-of-use assets £213 million (2021: £216 million; 2020: £215 million). Average headcount The average number of persons on a headcount basis employed by the Group during the year was as follows: 2022 2021 2020 UK 62,062 63,649 67,115 Overseas 487 512 515 Total 62,549 64,161 67,630 |
AUDITORS' REMUNERATION
AUDITORS' REMUNERATION | 12 Months Ended |
Dec. 31, 2022 | |
Disclosure of auditors' remuneration [Abstract] | |
AUDITORS' REMUNERATION | NOTE 10: AUDITORS’ REMUNERATION Fees payable to the Bank's auditors 1 by the Group are as follows: 2022 £m 2021 £m 2020 £m Fees payable for the: – audit of the Bank's current year Annual report 4.9 4.7 4.5 – audits of the Bank's subsidiaries 10.8 9.5 8.9 – total audit fees in respect of the statutory audit of Group entities 2 15.7 14.2 13.4 – services normally provided in connection with statutory and regulatory filings or engagements 0.8 0.7 1.6 Total audit fees 3 16.5 14.9 15.0 Other audit-related fees 3 0.4 0.4 0.3 All other fees 3 0.2 0.5 0.9 Total non-audit services 4 0.6 0.9 1.2 Total fees payable to the Bank’s auditors by the Group 17.1 15.8 16.2 1 Deloitte LLP became the Group’s statutory auditor in 2021. PricewaterhouseCoopers LLP was the statutory auditor during 2020. 2 As defined by the Financial Reporting Council (FRC). 3 As defined by the Securities and Exchange Commission (SEC). 4 As defined by the SEC. Total non-audit services as defined by the FRC include all fees other than audit fees in respect of the statutory audit of Group entities. These fees totalled £1.4 million in 2022 (2021: £1.6 million; 2020: £2.8 million). The following types of services are included in the categories listed above: Audit fees: This category includes fees in respect of the audit of the Group’s annual financial statements and other services in connection with regulatory filings. Other services supplied pursuant to legislation relate primarily to costs incurred in connection with client asset assurance and with the Sarbanes-Oxley Act requirements associated with the audit of the financial statements of Lloyds Banking Group filed on its Form 20-F. Other audit-related fees: This category includes fees in respect of services for assurance and related services that are reasonably related to the performance of the audit or review of the financial statements, for example acting as reporting accountants in respect of debt prospectuses required by the Listing Rules. All other fees: This category includes other assurance services not related to the performance of the audit or review of the financial statements, for example the review of controls operated by the Group on behalf of a third party. The auditors are not engaged to provide tax services. It is the Group’s policy to use the auditors only on assignments in cases where their knowledge of the Group means that it is neither efficient nor cost effective to employ another firm of accountants. Lloyds Banking Group has procedures that are designed to ensure auditor independence for Lloyds Banking Group plc and all of its subsidiaries, including prohibiting certain non-audit services. All audit and non-audit assignments must be pre-approved by the Lloyds Banking Group Audit Committee (the Audit Committee) on an individual engagement basis; for certain types of non-audit engagements where the fee is ‘de minimis’ the Audit Committee has pre-approved all assignments subject to confirmation by management. On a quarterly basis, the Audit Committee receives and reviews a report detailing all pre-approved services and amounts paid to the auditors for such pre-approved services. During the year the auditors 1 also earned fees payable by entities outside the consolidated Lloyds Bank Group in respect of the following: 2022 £m 2021 £m 2020 £m Audits of Group pension schemes 0.3 0.3 0.1 Reviews of the financial position of corporate and other borrowers – – 1.3 1 Deloitte LLP became the Group’s statutory auditor in 2021. PricewaterhouseCoopers LLP was the statutory auditor during 2020. |
IMPAIRMENT
IMPAIRMENT | 12 Months Ended |
Dec. 31, 2022 | |
Disclosure of impairment loss and reversal of impairment loss [abstract] | |
IMPAIRMENT | NOTE 11: IMPAIRMENT Stage 1 Stage 2 Stage 3 POCI Total Year ended 31 December 2022 Impact of transfers between stages (23) 573 357 – 907 Other changes in credit quality (284) 90 663 78 547 Additions and repayments 114 97 (91) (58) 62 Methodology and model changes 2 11 (47) (29) (63) Other items – – (1) – (1) (168) 198 524 (9) 545 Total impairment charge (credit) (191) 771 881 (9) 1,452 In respect of: Loans and advances to banks 9 – – – 9 Loans and advances to customers (232) 679 882 (9) 1,320 Debt securities 6 – – – 6 Financial assets at amortised cost (217) 679 882 (9) 1,335 Impairment charge (credit) on drawn balances (217) 679 882 (9) 1,335 Loan commitments and financial guarantees 20 92 (1) – 111 Financial assets at fair value through other comprehensive income 6 – – – 6 Total impairment charge (credit) (191) 771 881 (9) 1,452 Stage 1 Stage 2 Stage 3 POCI Total Year ended 31 December 2021 Impact of transfers between stages 74 (474) 339 – (61) Other changes in credit quality (313) (307) 252 (48) (416) Additions and repayments (231) (379) (97) (87) (794) Methodology and model changes (63) 15 6 – (42) Other items 2 4 (11) – (5) (605) (667) 150 (135) (1,257) Total impairment (credit) charge (531) (1,141) 489 (135) (1,318) In respect of: Loans and advances to banks (4) – – – (4) Loans and advances to customers (436) (1,008) 498 (135) (1,081) Financial assets at amortised cost (440) (1,008) 498 (135) (1,085) Impairment (credit) charge on drawn balances (440) (1,008) 498 (135) (1,085) Loan commitments and financial guarantees (89) (133) (9) – (231) Financial assets at fair value through other comprehensive income (2) – – – (2) Total impairment (credit) charge (531) (1,141) 489 (135) (1,318) Stage 1 Stage 2 Stage 3 POCI Total Year ended 31 December 2020 Impact of transfers between stages (168) 925 699 – 1,456 Other changes in credit quality 909 6 1,164 167 2,246 Additions and repayments 77 173 (52) (30) 168 Methodology and model changes (31) 170 26 – 165 Other items – – 25 – 25 955 349 1,163 137 2,604 Total impairment charge 787 1,274 1,862 137 4,060 In respect of: Loans and advances to banks 4 – – – 4 Loans and advances to customers 678 1,130 1,853 137 3,798 Financial assets at amortised cost 682 1,130 1,853 137 3,802 Impairment charge on drawn balances 682 1,130 1,853 137 3,802 Loan commitments and financial guarantees 100 144 9 – 253 Financial assets at fair value through other comprehensive income 5 – – – 5 Total impairment charge 787 1,274 1,862 137 4,060 The impairment charge contained no release (2021: release of £77 million; 2020: charge of £41 million) in respect of residual value impairment and voluntary terminations within the Group’s UK motor finance business. The Group’s impairment charge comprises the following items: Impact of transfers between stages The net impact on the impairment charge of transfers between stages. Other changes in credit quality Changes in loss allowance as a result of movements in risk parameters that reflect changes in customer quality, but which have not resulted in a transfer to a different stage. This also contains the impact on the impairment charge as a result of write-offs and recoveries, where the related loss allowances are reassessed to reflect ultimate realisable or recoverable value. Additions and repayments Expected loss allowances are recognised on origination of new loans or further drawdowns of existing facilities. Repayments relate to the reduction of loss allowances resulting from the repayments of outstanding balances that have been provided against. Methodology and model changes Increase or decrease in impairment charge as a result of adjustments to the models used for expected credit loss calculations; as changes to either the model inputs or the underlying assumptions, as well as the impact of changing the models used. Movements in the Group’s impairment allowances are shown in note 15. |
TAX EXPENSE
TAX EXPENSE | 12 Months Ended |
Dec. 31, 2022 | |
Disclosure of income tax [Abstract] | |
TAX EXPENSE | NOTE 12: TAX EXPENSE (A) Analysis of tax (expense) credit for the year 2022 £m 2021 £m 2020 £m UK corporation tax: Current tax on profit for the year (1,050) (1,349) (423) Adjustments in respect of prior years 110 83 336 (940) (1,266) (87) Foreign tax: Current tax on profit for the year (20) (21) (18) Adjustments in respect of prior years (12) 22 24 (32) 1 6 Current tax expense (972) (1,265) (81) Deferred tax: Current year (498) 851 508 Adjustments in respect of prior years 170 (169) (290) Deferred tax (expense) credit (328) 682 218 Tax (expense) credit (1,300) (583) 137 (B) Factors affecting the tax (expense) credit for the year The UK corporation tax rate for the year was 19.0 per cent (2021: 19.0 per cent; 2020: 19.0 per cent). An explanation of the relationship between tax (expense) credit and accounting profit is set out below. 2022 £m 2021 £m 2020 £m Profit before tax 6,094 5,785 1,329 UK corporation tax thereon (1,158) (1,099) (253) Impact of surcharge on banking profits (340) (415) (122) Non-deductible costs: conduct charges (5) (167) (24) Non-deductible costs: bank levy (25) (19) (30) Other non-deductible costs (58) (59) (62) Non-taxable income 48 22 37 Tax relief on coupons on other equity instruments 46 65 79 Tax-exempt gains on disposals – 2 – Tax losses where no deferred tax recognised – – (3) Remeasurement of deferred tax due to rate changes (21) 1,168 435 Differences in overseas tax rates (55) (17) 10 Adjustments in respect of prior years 268 (64) 70 Tax (expense) credit (1,300) (583) 137 |
FINANCIAL ASSETS AT FAIR VALUE
FINANCIAL ASSETS AT FAIR VALUE THROUGH PROFIT OR LOSS | 12 Months Ended |
Dec. 31, 2022 | |
Disclosure Of Trading And Other Financial Assets At Fair Value Through Profit Or Loss [Abstract] | |
FINANCIAL ASSETS AT FAIR VALUE THROUGH PROFIT OR LOSS | NOTE 13: FINANCIAL ASSETS AT FAIR VALUE THROUGH PROFIT OR LOSS These comprise: 2022 £m 2021 £m Loans and advances to customers 1,132 1,559 Equity shares 239 239 Total 1,371 1,798 At 31 December 2022 £1,000 million (2021: £1,500 million) of financial assets at fair value through profit or loss had a contractual residual maturity of greater than one year. For amounts included above which are subject to repurchase and reverse repurchase agreements see note 44. |
DERIVATIVE FINANCIAL INSTRUMENT
DERIVATIVE FINANCIAL INSTRUMENTS | 12 Months Ended |
Dec. 31, 2022 | |
Disclosure of derivative financial instruments [Abstract] | |
DERIVATIVE FINANCIAL INSTRUMENTS | NOTE 14: DERIVATIVE FINANCIAL INSTRUMENTS The fair values and notional amounts of derivative instruments are set out in the following table: 2022 2021 Contract/ Fair value Fair value Contract/ Fair value Fair value Trading and other Exchange rate contracts: Spot, forwards and futures 17,471 244 362 12,243 144 156 Currency swaps 96,614 1,255 1,613 155,190 693 595 Options purchased 30 1 – 5 – – Options written 30 – 1 5 – – 114,145 1,500 1,976 167,443 837 751 Interest rate contracts: Interest rate swaps 1,120,668 2,164 3,112 931,834 4,525 3,300 Forward rate agreements – – – 21 – – Options purchased 1,881 57 – 2,128 19 – Options written 1,750 – 59 1,229 – 10 1,124,299 2,221 3,171 935,212 4,544 3,310 Credit derivatives 4,058 105 97 4,390 64 101 Equity and other contracts 63 12 141 44 11 166 Total derivative assets/liabilities - trading and other 1,242,565 3,838 5,385 1,107,089 5,456 4,328 Hedging Derivatives designated as fair value hedges: Interest rate swaps 128,153 8 496 147,724 41 307 Currency swaps 35 1 – 34 7 – 128,188 9 496 147,758 48 307 Derivatives designated as cash flow hedges: Interest rate swaps 235,916 – – 97,942 – – Exchange rate forward rate agreements 310 10 10 571 7 8 236,226 10 10 98,513 7 8 Total derivative assets/liabilities - hedging 364,414 19 506 246,271 55 315 Total recognised derivative assets/liabilities 1,606,979 3,857 5,891 1,353,360 5,511 4,643 The notional amount of the contract does not represent the Group’s exposure to credit risk, which is limited to the current cost of replacing contracts with a positive value to the Group should the counterparty default. To reduce credit risk the Group uses a variety of credit enhancement techniques such as netting and collateralisation, where security is provided against the exposure; a large proportion of the Group’s derivatives are held through exchanges such as London Clearing House and are collateralised through those exchanges. Further details are provided in note 44 Credit risk. The Group holds derivatives as part of the following strategies: • Customer driven, where derivatives are held as part of the provision of risk management products to Group customers • To manage and hedge the Group’s interest rate and foreign exchange risk arising from normal banking business. The hedge accounting strategy adopted by the Group is to utilise a combination of fair value and cash flow hedge approaches as described in note 44 The principal derivatives used by the Group are as follows: • Interest rate related contracts include interest rate swaps, forward rate agreements and options. An interest rate swap is an agreement between two parties to exchange fixed and floating interest payments, based upon interest rates defined in the contract, without the exchange of the underlying principal amounts. Forward rate agreements are contracts for the payment of the difference between a specified rate of interest and a reference rate, applied to a notional principal amount at a specific date in the future. An interest rate option gives the buyer, on payment of a premium, the right, but not the obligation, to fix the rate of interest on a future loan or deposit, for a specified period and commencing on a specified future date • Exchange rate related contracts include forward foreign exchange contracts, currency swaps and options. A forward foreign exchange contract is an agreement to buy or sell a specified amount of foreign currency on a specified future date at an agreed rate. Currency swaps generally involve the exchange of interest payment obligations denominated in different currencies; the exchange of principal can be notional or actual. A currency option gives the buyer, on payment of a premium, the right, but not the obligation, to sell specified amounts of currency at agreed rates of exchange on or before a specified future date • Credit derivatives, principally credit default swaps, are used by the Group as part of its trading activity and to manage its own exposure to credit risk. A credit default swap is a swap in which one counterparty receives a premium at pre-set intervals in consideration for guaranteeing to make a specific payment should a negative credit event take place • Equity derivatives are also used by the Group as part of its equity-based retail product activity to eliminate the Group’s exposure to fluctuations in various international stock exchange indices. Index-linked equity options are purchased which give the Group the right, but not the obligation, to buy or sell a specified amount of equities, or basket of equities, in the form of published indices on or before a specified future date Details of the Group’s hedging instruments are set out below: Maturity At 31 December 2022 Up to 1 month 1–3 months 3–12 months 1–5 years Over 5 years Total Fair value hedges Interest rate Cross currency swap Notional – – – – 35 35 Average fixed interest rate – – – – 1.28% Average EUR/GBP exchange rate – – – – 1.38 Interest rate swap Notional 796 12,236 31,539 51,094 32,488 128,153 Average fixed interest rate 3.20% 0.10% 0.68% 2.04% 1.88% Cash flow hedges Foreign exchange Currency swap Notional 16 35 207 48 4 310 Average EUR/GBP exchange rate – – – – – Average USD/GBP exchange rate 1.23 1.26 1.19 1.23 1.18 Interest rate Interest rate swap Notional 4,476 4,891 24,929 152,862 48,758 235,916 Average fixed interest rate 3.18% 1.46% 2.42% 2.46% 1.63% Maturity At 31 December 2021 Up to 1 month 1–3 months 3–12 months 1–5 years Over 5 years Total Fair value hedges Interest rate Cross currency swap Notional – – – – 34 34 Average fixed interest rate – – – – 1.28% Average EUR/GBP exchange rate – – – – 1.38 Interest rate swap Notional 283 1,684 15,631 105,666 24,460 147,724 Average fixed interest rate 2.21% 2.13% 0.94% 0.62% 1.87% Cash flow hedges Foreign exchange Currency swap Notional 31 117 325 98 – 571 Average EUR/GBP exchange rate 1.14 1.16 1.15 1.13 – Average USD/GBP exchange rate 1.36 1.35 1.37 1.34 1.34 Interest rate Interest rate swap Notional 1,000 500 9,542 51,186 35,714 97,942 Average fixed interest rate 0.00% 0.17% 0.56% 0.88% 0.67% The carrying amounts of the Group’s hedging instruments are as follows: Carrying amount of the hedging instrument At 31 December 2022 Contract/ Assets Liabilities Changes in fair Fair value hedges Interest rate Currency swaps 35 1 – (2) Interest rate swaps 128,153 8 496 3,108 Cash flow hedges Foreign exchange Currency swaps 310 10 10 25 Interest rate Interest rate swaps 235,916 – – (6,417) Carrying amount of the hedging instrument At 31 December 2021 Contract/ Assets Liabilities Changes in fair Fair value hedges Interest rate Currency swaps 34 7 – (2) Interest rate swaps 147,724 41 307 1,887 Cash flow hedges Foreign exchange Currency swaps 571 7 8 (26) Interest rate Interest rate swaps 97,942 – – (2,444) All amounts are held within derivative financial instruments. The Group’s hedged items are as follows: Carrying amount of Accumulated amount of Change in Cash flow hedging reserve Continuing Discontinued At 31 December 2022 Assets Liabilities Assets Liabilities Fair value hedges Interest rate Fixed rate mortgages 1 73,282 – (2,602) – (3,199) Fixed rate issuance 2 – 28,391 – 2,069 2,422 Fixed rate bonds 3 19,259 – (1,549) – (2,350) Cash flow hedges Foreign exchange Foreign currency issuance 2 (25) 6 11 Customer deposits 4 – – 3 Interest rate Customer loans 1 5,931 (6,051) (921) Central bank balances 5 2,194 (1,597) (916) Customer deposits 4 (1,661) 2,332 (46) Carrying amount of Accumulated amount of Change in Cash flow hedging reserve Continuing Discontinued At 31 December 2021 Assets Liabilities Assets Liabilities Fair value hedges Interest rate Fixed rate mortgages 1 88,791 – (872) – (2,081) Fixed rate issuance 2 – 33,128 – 411 1,149 Fixed rate bonds 3 25,019 – 342 – (758) Cash flow hedges Foreign exchange Foreign currency issuance 2 5 (19) 17 Customer deposits 4 21 – – Interest rate Customer loans 1 1,842 (711) 453 Central bank balances 5 588 (235) (109) Customer deposits 4 (89) 32 (85) 1 Included within loans and advances to customers. 2 Included within debt securities in issue. 3 Included within financial assets at fair value through other comprehensive income. 4 Included within customer deposits. 5 Included within cash and balances at central banks. The accumulated amount of fair value hedge adjustments remaining in the balance sheet for hedged items that have ceased to be adjusted for hedging gains and losses is a liability of £1,449 million relating to fixed rate issuances of £221 million and mortgages of £1,228 million (2021: liability of £548 million relating to fixed rate issuances of £270 million and mortgages of £278 million). Gains and losses arising from hedge accounting are summarised as follows: Gain (loss) Hedge ineffectiveness recognised in the income statement 1 £m Amounts reclassified from reserves At 31 December 2022 Hedged cash Hedged item Income Fair value hedges Interest rate Fixed rate mortgages 22 Fixed rate issuance (29) Fixed rate bonds (14) Cash flow hedges Foreign exchange Foreign currency issuance 25 – – (6) Interest expense Customer deposits 3 – – – Interest expense Interest rate Customer loans (6,718) (29) – 5 Interest income Central bank balances (2,171) 1 – 2 Interest income Customer deposits 2,341 22 – (2) Interest expense Gain (loss) Hedge ineffectiveness recognised in the income statement 1 £m Amounts reclassified from reserves At 31 December 2021 Hedged cash Hedged item Income Fair value hedges Interest rate Fixed rate mortgages 206 Fixed rate issuance (4) Fixed rate bonds (7) Cash flow hedges Foreign exchange Foreign currency issuance (6) – (3) (18) Interest expense Customer deposits 28 – – – Interest expense Interest rate Customer loans (1,719) (42) – (454) Interest income Central bank balances (499) (17) – (134) Interest income Customer deposits 58 1 – 25 Interest expense 1 Hedge ineffectiveness is included in the income statement within net trading income. In 2021 there was a gain of £3 million (2022: £nil) reclassified from the cash flow hedging reserve for which hedge accounting had previously been used but for which the hedged future cash flows are no longer expected to occur. At 31 December 2022 £2,931 million of total recognised derivative assets of and £4,479 million of total recognised derivative liabilities of (2021: £4,861 million of assets and £4,031 million of liabilities) had a contractual residual maturity of greater than one year. |
FINANCIAL ASSETS AT AMORTISED C
FINANCIAL ASSETS AT AMORTISED COST | 12 Months Ended |
Dec. 31, 2022 | |
Disclosure Of Financial Assets At Amortised Cost Explanatory [Abstract] | |
FINANCIAL ASSETS AT AMORTISED COST | NOTE 15: FINANCIAL ASSETS AT AMORTISED COST Year ended 31 December 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 421 – – – 421 – – – – – Transfers to Stage 2 (2) 2 – – – – – – Impact of transfers between stages (2) 2 – – – – – – – – – – Other changes in credit quality 7 – – – 7 Additions and repayments 3,472 1 – – 3,473 2 – – – 2 Charge to the income statement 9 – – – 9 At 31 December 2022 8,369 3 – – 8,372 9 – – – 9 Allowance for impairment losses (9) – – – (9) Net carrying amount 8,360 3 – – 8,363 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 (1,574) 24 (21) 12 (1,559) 1 1 43 65 110 Transfers to Stage 1 8,329 (8,256) (73) – 176 (167) (9) – Transfers to Stage 2 (34,889) 35,291 (402) – (66) 135 (69) – Transfers to Stage 3 (1,235) (2,527) 3,762 – (8) (158) 166 – Impact of transfers between stages (27,795) 24,508 3,287 – (119) 697 268 846 (17) 507 356 846 Other changes in credit quality (314) 73 664 78 501 Additions and repayments 9,769 687 (1,315) (1,354) 7,787 97 88 (91) (58) 36 Methodology and model changes 2 11 (47) (29) (63) (Credit) charge to the income statement (232) 679 882 (9) 1,320 Advances written off (928) (13) (941) (928) (13) (941) Recoveries of advances written off in previous years 182 – 182 182 – 182 At 31 December 2022 362,766 60,103 7,611 9,622 440,102 678 1,792 1,752 253 4,475 Allowance for impairment losses (678) (1,792) (1,752) (253) (4,475) Net carrying amount 362,088 58,311 5,859 9,369 435,627 Drawn ECL coverage 2 (%) 0.2 3.0 23.0 2.6 1.0 Reverse repurchase agreements At 31 December 2022 39,259 – – – 39,259 Allowance for impairment losses – – – – – Net carrying amount 39,259 – – – 39,259 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. 2 Allowance for expected credit losses on loans and advances to customers as a percentage of gross loans and advances to customers. Gross carrying amount Allowance for expected credit losses Stage 1 Stage 2 Stage 3 POCI Total Stage 1 Stage 2 Stage 3 POCI Total Debt securities At 1 January 2022 4,554 9 1 – 4,564 1 – 1 – 2 Exchange and other adjustments 205 – – – 205 – – – – – Transfers to Stage 1 9 (9) – – – – – – Impact of transfers between stages 9 (9) – – – – – – – – – – Other changes in credit quality 3 – – – 3 Additions and repayments 2,570 – – – 2,570 3 – – – 3 Charge to the income statement 6 – – – 6 At 31 December 2022 7,338 – 1 – 7,339 7 – 1 – 8 Allowance for impairment losses (7) – (1) – (8) Net carrying amount 7,331 – – – 7,331 Due from fellow Lloyds Banking Group undertakings At 31 December 2022 816 – – – 816 Allowance for impairment losses – – – – – Net carrying amount 816 – – – 816 Total financial assets at amortised cost 417,854 58,314 5,859 9,369 491,396 The total allowance for impairment losses includes £92 million (2021: £95 million) in respect of residual value impairment and voluntary terminations within the Group’s UK motor finance business. Movements in Retail UK mortgage balances were as follows: Gross carrying amount Allowance for expected credit losses Stage 1 Stage 2 Stage 3 POCI Total Stage 1 Stage 2 Stage 3 POCI Total Retail – UK mortgages At 1 January 2022 273,629 21,798 1,940 10,977 308,344 48 394 184 210 836 Exchange and other adjustments 1 – – – 12 12 – – 28 65 93 Transfers to Stage 1 5,107 (5,096) (11) – 28 (27) (1) – Transfers to Stage 2 (26,043) 26,204 (161) – (14) 25 (11) – Transfers to Stage 3 (444) (1,793) 2,237 – – (63) 63 – Impact of transfers between stages (21,380) 19,315 2,065 – (25) 254 98 327 (11) 189 149 327 Other changes in credit quality 36 (9) 54 78 159 Additions and repayments 5,268 670 (585) (1,354) 3,999 18 (10) (45) (58) (95) Methodology and model changes – (12) (55) (29) (96) Charge (credit) to the income statement 43 158 103 (9) 295 Advances written off (28) (13) (41) (28) (13) (41) Recoveries of advances written off in previous years 24 – 24 24 – 24 At 31 December 2022 257,517 41,783 3,416 9,622 312,338 91 552 311 253 1,207 Allowance for impairment losses (91) (552) (311) (253) (1,207) Net carrying amount 257,426 41,231 3,105 9,369 311,131 Drawn ECL coverage (%) – 1.3 9.1 2.6 0.4 1 Exchange and other adjustments includes the impact of movements in exchange rates, discount unwind, derecognising assets as a result of modifications and adjustments in respect of purchased or originated credit-impaired financial assets (POCI). Where a POCI asset’s expected credit loss is less than its expected credit loss on purchase or origination, the increase in its carrying value is recognised within gross loans, rather than as a negative impairment allowance. Movements in the 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) Transfers to Stage 1 19 (19) – – Transfers to Stage 2 (8) 9 (1) – Transfers to Stage 3 (1) (2) 3 – Impact of transfers between stages (16) 78 (1) 61 (6) 66 1 61 Other items taken to the income statement 26 26 (2) – 50 Charge to the income statement 20 92 (1) – 111 At 31 December 2022 122 178 4 – 304 The Group's total impairment allowances were as follows: Allowance for expected credit losses Stage 1 Stage 2 Stage 3 POCI Total In respect of: Loans and advances to banks 9 – – – 9 Loans and advances to customers 678 1,792 1,752 253 4,475 Debt securities 7 – 1 – 8 Due from fellow Lloyds Banking Group undertakings – – – – – Financial assets at amortised cost 694 1,792 1,753 253 4,492 Provisions in relation to loan commitments and financial guarantees 122 178 4 – 304 Total 816 1,970 1,757 253 4,796 Expected credit loss in respect of financial assets at fair value through other comprehensive income (memorandum item) 9 – – – 9 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 – – – – – Other changes in credit quality (3) – – – (3) Additions and repayments 135 – – – 135 (1) – – – (1) 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 Drawn ECL coverage (%) 0.2 3.2 24.6 1.9 0.9 Reverse repurchase agreements At 31 December 2021 49,708 – – – 49,708 Allowance for impairment losses – – – – – Net carrying amount 49,708 – – – 49,708 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. Gross carrying amount Allowance for expected credit losses Stage 1 Stage 2 Stage 3 POCI Total Stage 1 Stage 2 Stage 3 POCI Total Debt securities At 1 January 2021 5,137 – 1 – 5,138 – – 1 – 1 Exchange and other adjustments (20) – – – (20) 1 – – – 1 Transfers to Stage 2 (6) 6 – – – – – – – Impact of transfers between stages (6) 6 – – – – – – – – – – – Additions and repayments (557) 3 – – (554) – – – – – Charge to the income statement – – – – – At 31 December 2021 4,554 9 1 – 4,564 1 – 1 – 2 Allowance for impairment losses (1) – (1) – (2) Net carrying amount 4,553 9 – – 4,562 Due from fellow Lloyds Banking Group undertakings At 31 December 2021 739 – – – 739 Allowance for impairment losses – – – – – Net carrying amount 739 – – – 739 Total financial assets at amortised cost 440,935 33,781 4,833 10,767 490,316 Movements in Retail UK mortgage balances were as follows: Gross carrying amount Allowance for expected credit losses Stage 1 Stage 2 Stage 3 POCI Total Stage 1 Stage 2 Stage 3 POCI Total Retail – UK mortgages At 1 January 2021 251,418 29,018 1,859 12,511 294,806 104 468 191 261 1,024 Exchange and other adjustments 1 – – – 68 68 – – 18 121 139 Transfers to Stage 1 10,109 (10,105) (4) – 66 (66) – – Transfers to Stage 2 (6,930) 7,425 (495) – (5) 37 (32) – Transfers to Stage 3 (147) (942) 1,089 – – (35) 35 – Impact of transfers between stages 3,032 (3,622) 590 – (58) 84 48 74 3 20 51 74 Other changes in credit quality (14) (32) (30) (48) (124) Additions and repayments 19,179 (3,598) (490) (1,565) 13,526 8 (52) (33) (87) (164) Methodology and model changes (53) (10) 6 – (57) Credit to the income statement (56) (74) (6) (135) (271) Advances written off (28) (37) (65) (28) (37) (65) Recoveries of advances written off in previous years 9 – 9 9 – 9 At 31 December 2021 273,629 21,798 1,940 10,977 308,344 48 394 184 210 836 Allowance for impairment losses (48) (394) (184) (210) (836) Net carrying amount 273,581 21,404 1,756 10,767 307,508 Drawn ECL coverage (%) – 1.8 9.5 1.9 0.3 1 Exchange and other adjustments includes the impact of movements in exchange rates, discount unwind, derecognising assets as a result of modifications and adjustments in respect of purchased or originated credit-impaired financial assets (POCI). Where a POCI asset’s expected credit loss is less than its expected credit loss on purchase or origination, the increase in its carrying value is recognised within gross loans, rather than as a negative impairment allowance. Movements in the 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 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 Due from fellow Lloyds Banking Group undertakings – – – – – Financial assets at amortised cost 910 1,112 1,574 210 3,806 Provisions in relation to loan commitments and financial guarantees 103 86 5 – 194 Total 1,013 1,198 1,579 210 4,000 Expected credit loss in respect of financial assets at fair value through other comprehensive income (memorandum item) 3 – – – 3 The movement tables are compiled by comparing the position at 31 December to that at the beginning of the year. Transfers between stages are deemed to have taken place at the start of the reporting period, with all other movements shown in the stage in which the asset is held at 31 December, with the exception of those held within purchased or originated credit-impaired, which are not transferable. Additions and repayments comprise new loans originated and repayments of outstanding balances throughout the reporting period. Loans which are written off in the period are first transferred to Stage 3 before acquiring a full allowance and subsequent write-off. |
ALLOWANCE FOR EXPECTED CREDIT L
ALLOWANCE FOR EXPECTED CREDIT LOSSES | 12 Months Ended |
Dec. 31, 2022 | |
Disclosure of allowance for expected credit losses [Abstract] | |
ALLOWANCE FOR EXPECTED CREDIT LOSSES | NOTE 16: ALLOWANCE FOR EXPECTED CREDIT LOSSES The calculation of the Group’s expected credit loss allowances and provisions against loan commitments and guarantees, which are set out in note 15, under IFRS 9 requires the Group to make a number of judgements, assumptions and estimates. The most significant are set out below: Definition of default The probability of default (PD) of an exposure, both over a 12-month period and over its lifetime, is a key input to the measurement of the ECL allowance. Default has occurred when there is evidence that the customer is experiencing significant financial difficulty which is likely to affect the ability to repay amounts due. The definition of default adopted by the Group is described in note 2(H) Impairment of financial assets. IFRS 9 contains a rebuttable presumption that default occurs no later than when a payment is 90 days past due which the Group now uses for all its products following changes to the definition of default for UK mortgages on 1 January 2022. In addition, other indicators of mortgage default were added including end-of-term payments on past due interest-only accounts and loans considered non-performing due to recent arrears or forbearance, aligning the definition of Stage 3 credit-impaired for IFRS 9 to the CRD IV prudential regulatory definition of default. This change in definition of default contributes to the £1.5 billion increase in Stage 3 UK mortgages during the period. Lifetime of an exposure A range of approaches, segmented by product type, has been adopted by the Group to estimate a product’s expected life. These include using the full contractual life and taking into account behavioural factors such as early repayments, extensions and refinancing. For non-revolving retail assets, the Group has assumed the expected life for each product to be the time taken for all significant losses to be observed. For revolving retail products, the Group has considered the losses beyond the contractual term over which the Group is exposed to credit risk. For commercial overdraft facilities, the average behavioural life has been used. Changes to the assumed expected lives of the Group’s assets could impact the ECL allowance recognised by the Group. The assessment of SICR and corresponding lifetime loss, and the PD, of a financial asset designated as Stage 2, or Stage 3, is dependent on its expected life. Significant increase in credit risk Performing assets are classified as either Stage 1 or Stage 2. An ECL allowance equivalent to 12 months’ expected losses is established against assets in Stage 1; assets classified as Stage 2 carry an ECL allowance equivalent to lifetime expected losses. Assets are transferred from Stage 1 to Stage 2 when there has been a significant increase in credit risk (SICR) since initial recognition. Credit-impaired assets are transferred to Stage 3 with a lifetime expected losses allowance. The Group uses both quantitative and qualitative indicators to determine whether there has been a SICR for an asset. For Retail, the following tables set out the retail master scale (RMS) grade triggers which result in a SICR for financial assets and the PD boundaries for each RMS grade. SICR triggers for key Retail portfolios Origination grade 1 2 3 4 5 6 7 Mortgages SICR grade 5 5 6 7 8 9 10 Credit cards, loans and overdrafts SICR grade 4 5 6 7 8 9 10 RMS grade 1 2 3 4 5 6 7 8 9 10 11 12 13 14 PD boundary % 1 0.10 0.40 0.80 1.20 2.50 4.50 7.50 10.00 14.00 20.00 30.00 45.00 99.99 100.00 1 Probability-weighted annualised lifetime probability of default. For Commercial a doubling of PD with a minimum increase in PD of 1 per cent and a resulting change in the underlying grade is treated as a SICR. The Group uses the internal credit risk classification and watchlist as qualitative indicators to identify a SICR. The Group does not use the low credit risk exemption in its staging assessments. The use of a payment holiday in and of itself has not been judged to indicate a significant increase in credit risk, nor forbearance, with the underlying long-term credit risk deemed to be driven by economic conditions and captured through the use of forward-looking models. These portfolio level models are capturing the anticipated volume of increased defaults and therefore an appropriate assessment of staging and expected credit loss. All financial assets are assumed to have suffered a SICR if they are more than 30 days past due; credit cards, loans and overdrafts financial assets are also assumed to have suffered a SICR if they are in arrears on three or more separate occasions in a rolling 12-month period. Financial assets are classified as credit-impaired if they are 90 days past due. A Stage 3 asset that is no longer credit-impaired is transferred back to Stage 2 as no cure period is applied to Stage 3. UK mortgages is an exception to this rule where a probation period is enforced for non-performing, forborne and defaulted exposures in accordance with prudential regulation. If an exposure that is classified as Stage 2 no longer meets the SICR criteria, which in some cases capture customer behaviour in previous periods, it is moved back to Stage 1. The setting of precise trigger points combined with risk indicators requires judgement. The use of different trigger points may have a material impact upon the size of the ECL allowance. The Group monitors the effectiveness of SICR criteria on an ongoing basis. Generation of multiple economic scenarios The estimate of expected credit losses is required to be based on an unbiased expectation of future economic scenarios. The approach used to generate the range of future economic scenarios depends on the methodology and judgements adopted. The Group’s approach is to start from a defined base case scenario, used for planning purposes, and to generate alternative economic scenarios around this base case. The base case scenario is a conditional forecast underpinned by a number of conditioning assumptions that reflect the Group’s best view of key future developments. If circumstances appear likely to materially deviate from the conditioning assumptions, then the base case scenario is updated. The base case scenario is central to a range of future economic scenarios generated by simulation of an economic model, for which the same conditioning assumptions apply as in the base case scenario. These scenarios are ranked by using estimated relationships with industry-wide historical loss data. With the base case already pre-defined, three other scenarios are identified as averages of constituent scenarios located around the 15th, 75th and 95th percentiles of the distribution. The full distribution is therefore summarised by a practical number of scenarios to run through ECL models representing an upside, the base case, and a downside scenario weighted at 30 per cent each, together with a severe downside scenario weighted at 10 per cent. The scenario weights represent the distribution of economic scenarios and not subjective views on likelihood. The inclusion of a severe downside scenario with a smaller weighting ensures that the non-linearity of losses in the tail of the distribution is adequately captured. Macroeconomic projections may employ reversionary techniques to adjust the paths of economic drivers towards long-run equilibria after a reasonable forecast horizon. The Group does not use such techniques to force the MES scenarios to revert to the base case planning view. Utilising such techniques would be expected to be immaterial for expected credit losses since loss sensitivity is highest over the initial five years of the projections. Most assets are expected to have matured, or reached the end of their behavioural life before the five-year horizon. A forum under the chairmanship of the Chief Economist meets at least quarterly to review and, if appropriate, recommend changes to the method by which economic scenarios are generated, for approval by the Chief Financial Officer and Chief Risk Officer. In June 2022, the Group judged it appropriate to include an adjusted severe downside scenario to incorporate a 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. The Group has continued to include a non-modelled severe downside scenario for Group ECL calculations for 31 December 2022 reporting. Base case and MES economic assumptions The Group’s base case economic scenario has been revised in light of the ongoing war in Ukraine, reversals in UK fiscal policy, and a continuing global shift towards a more restrictive monetary policy stance against a backdrop of elevated inflation pressures. The Group’s updated base case scenario has three conditioning assumptions: first, the war in Ukraine remains ‘local’, i.e. without overtly involving neighbouring countries, NATO or China; second, the UK labour market participation rate remains below pre-pandemic levels, impeding the economy’s supply capacity; and third, the Bank of England accommodates above-target inflation in the medium term, recognising the economic costs that might arise from a rapid return to the two per cent target. Based on these assumptions and incorporating the economic data published in the fourth quarter, the Group’s base case scenario is for a contraction in economic activity and a rise in the unemployment rate alongside declines in residential and commercial property prices, following increases in UK Bank Rate in response to persistent inflationary pressures. Risks around this base case economic view lie in both directions and are largely captured by the generation of alternative economic scenarios. The Group has accommodated the latest available information at the reporting date in defining its base case scenario and generating alternative economic scenarios. The scenarios include forecasts for key variables in the fourth quarter of 2022, for which actuals may have since emerged prior to publication. Scenarios by year The key UK economic assumptions made by the Group are shown in the following tables across a number of measures explained below. Annual assumptions Gross domestic product (GDP) 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 over each year. Unemployment rate and UK Bank Rate are averages over the year. Five-year average The five-year average reflects the average annual growth rate, or level, over the five-year period. It includes movements within the current reporting year, such that the position as of 31 December 2022 covers the five years 2022 to 2026. The inclusion of the reporting year within the five-year period reflects the need to predict variables which remain unpublished at the reporting date and recognises that credit models utilise both level and annual changes. The use of calendar years maintains a comparability between the annual assumptions presented. Five-year start to peak and trough The peak or trough for any metric may occur intra year and therefore not be identifiable from the annual assumptions, therefore they are also disclosed. For GDP, house price growth and commercial real estate price growth, the peak, or trough, reflects the highest, or lowest cumulative quarterly position reached relative to the start of the five-year period, which as of 31 December 2022 is 1 January 2022. Given these metrics may exhibit increases followed by greater falls, the start to trough movements quoted may be smaller than the equivalent ‘peak to trough’ movement (and vice versa for start to peak). Unemployment, UK Bank Rate and CPI Inflation reflect the highest, or lowest, quarterly level reached in the five-year period. At 31 December 2022 2022 % 2023 % 2024 % 2025 % 2026 % 2022 to 2026 average % Start to peak 1 % Start to trough 1 % Upside Gross domestic product 4.1 0.1 1.1 1.7 2.1 1.8 6.5 0.4 Unemployment rate 3.5 2.8 3.0 3.3 3.4 3.2 3.8 2.8 House price growth 2.4 (2.8) 6.5 9.0 8.0 4.5 24.8 (1.1) Commercial real estate price growth (9.4) 8.5 3.5 2.6 2.3 1.3 7.2 (9.4) UK Bank Rate 1.94 4.95 4.98 4.63 4.58 4.22 5.39 0.75 CPI inflation 9.0 8.3 4.2 3.3 3.0 5.5 10.7 2.9 Base case Gross domestic product 4.0 (1.2) 0.5 1.6 2.1 1.4 4.3 (1.1) Unemployment rate 3.7 4.5 5.1 5.3 5.1 4.8 5.3 3.6 House price growth 2.0 (6.9) (1.2) 2.9 4.4 0.2 6.4 (6.3) Commercial real estate price growth (11.8) (3.3) 0.9 2.8 3.1 (1.8) 7.2 (14.8) UK Bank Rate 1.94 4.00 3.38 3.00 3.00 3.06 4.00 0.75 CPI inflation 9.0 8.3 3.7 2.3 1.7 5.0 10.7 1.6 Downside Gross domestic product 3.9 (3.0) (0.5) 1.4 2.1 0.8 1.2 (3.6) Unemployment rate 3.8 6.3 7.5 7.6 7.2 6.5 7.7 3.6 House price growth 1.6 (11.1) (9.8) (5.6) (1.5) (5.4) 6.4 (24.3) Commercial real estate price growth (13.9) (15.0) (3.7) 0.4 1.4 (6.4) 7.2 (29.6) UK Bank Rate 1.94 2.93 1.39 0.98 1.04 1.65 3.62 0.75 CPI inflation 9.0 8.2 3.3 1.3 0.3 4.4 10.7 0.2 Severe downside Gross domestic product 3.7 (5.2) (1.0) 1.3 2.1 0.1 0.7 (6.4) Unemployment rate 4.1 9.0 10.7 10.4 9.7 8.8 10.7 3.6 House price growth 1.1 (14.8) (18.0) (11.5) (4.2) (9.8) 6.4 (40.1) Commercial real estate price growth (17.3) (28.8) (9.9) (1.3) 3.2 (11.6) 7.2 (47.8) UK Bank Rate – modelled 1.94 1.41 0.20 0.13 0.14 0.76 3.50 0.12 UK Bank Rate – adjusted 2 2.44 7.00 4.88 3.31 3.25 4.18 7.00 0.75 CPI inflation – modelled 9.0 8.2 2.6 (0.1) (1.6) 3.6 10.7 (1.7) CPI inflation – adjusted 2 9.7 14.3 9.0 4.1 1.6 7.7 14.8 1.5 Probability-weighted Gross domestic product 4.0 (1.8) 0.2 1.5 2.1 1.2 3.4 (1.8) Unemployment rate 3.7 5.0 5.8 5.9 5.7 5.2 5.9 3.6 House price growth 1.9 (7.7) (3.2) 0.7 2.9 (1.2) 6.4 (9.5) Commercial real estate price growth (12.3) (5.8) (0.8) 1.6 2.3 (3.1) 7.2 (18.6) UK Bank Rate – modelled 1.94 3.70 2.94 2.59 2.60 2.76 3.89 0.75 UK Bank Rate – adjusted 2 1.99 4.26 3.41 2.91 2.91 3.10 4.31 0.75 CPI inflation – modelled 9.0 8.3 3.6 2.1 1.4 4.9 10.7 1.3 CPI inflation – adjusted 2 9.1 8.9 4.3 2.5 1.7 5.3 11.0 1.6 1 Since the level of property prices peaked during 2022, peak to trough declines for house price growth and commercial real estate price growth are larger than the start to trough declines over the period shown. 2 The adjustment to UK Bank Rate and CPI inflation in the severe downside 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. Base case scenario by quarter 1 At 31 December 2022 First quarter 2022 % Second quarter 2022 % Third quarter 2022 % Fourth quarter 2022 % First quarter 2023 % Second quarter 2023 % Third quarter 2023 % Fourth quarter 2023 % Gross domestic product 0.6 0.1 (0.3) (0.4) (0.4) (0.4) (0.2) (0.1) Unemployment rate 3.7 3.8 3.6 3.7 4.0 4.4 4.7 4.9 House price growth 11.1 12.5 9.8 2.0 (3.0) (8.4) (9.8) (6.9) Commercial real estate price growth 18.0 18.0 8.4 (11.8) (16.9) (19.8) (15.9) (3.3) UK Bank Rate 0.75 1.25 2.25 3.50 4.00 4.00 4.00 4.00 CPI inflation 6.2 9.2 10.0 10.7 10.0 8.9 8.0 6.1 1 Gross domestic product is presented quarter-on-quarter. House price growth, commercial real estate 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 31 December 2021 2021 % 2022 % 2023 % 2024 % 2025 % 2021 to 2025 average % Start to Start to Upside Gross domestic product 7.1 4.0 1.4 1.3 1.4 3.0 12.6 (1.3) Unemployment rate 4.4 3.3 3.4 3.5 3.7 3.7 4.9 3.2 House price growth 10.1 2.6 4.9 4.7 3.6 5.1 28.5 1.2 Commercial real estate price growth 12.4 5.8 0.7 1.0 (0.6) 3.7 20.9 0.8 UK Bank Rate 0.14 1.44 1.74 1.82 2.03 1.43 2.04 0.10 CPI inflation 1 2.6 5.9 3.3 2.6 3.3 3.5 6.5 0.6 Base case Gross domestic product 7.1 3.7 1.5 1.3 1.3 2.9 12.3 (1.3) Unemployment rate 4.5 4.3 4.4 4.4 4.5 4.4 4.9 4.3 House price growth 9.8 0.0 0.0 0.5 0.7 2.1 11.0 1.2 Commercial real estate price growth 10.2 (2.2) (1.9) 0.1 0.6 1.2 10.2 0.8 UK Bank Rate 0.14 0.81 1.00 1.06 1.25 0.85 1.25 0.10 CPI inflation 1 2.6 5.9 3.0 1.6 2.0 3.0 6.5 0.6 Downside Gross domestic product 7.1 3.4 1.3 1.1 1.2 2.8 11.4 (1.3) Unemployment rate 4.7 5.6 5.9 5.8 5.7 5.6 6.0 4.3 House price growth 9.2 (4.9) (7.8) (6.6) (4.7) (3.1) 9.2 (14.8) Commercial real estate price growth 8.6 (10.1) (7.0) (3.4) (0.3) (2.6) 8.6 (12.8) UK Bank Rate 0.14 0.45 0.52 0.55 0.69 0.47 0.71 0.10 CPI inflation 1 2.6 5.8 2.8 1.3 1.6 2.8 6.4 0.6 Severe downside Gross domestic product 6.8 0.9 0.4 1.0 1.4 2.1 7.6 (1.3) Unemployment rate 4.9 7.7 8.5 8.1 7.6 7.3 8.5 4.3 House price growth 9.1 (7.3) (13.9) (12.5) (8.4) (6.9) 9.1 (30.2) Commercial real estate price growth 5.8 (19.6) (12.1) (5.3) (0.5) (6.8) 6.9 (30.0) UK Bank Rate 0.14 0.04 0.06 0.08 0.09 0.08 0.25 0.02 CPI inflation 1 2.6 5.8 2.3 0.5 0.9 2.4 6.5 0.4 Probability-weighted Gross domestic product 7.0 3.4 1.3 1.2 1.3 2.8 11.6 (1.3) Unemployment rate 4.6 4.7 5.0 5.0 4.9 4.8 5.0 4.3 House price growth 9.6 (1.4) (2.3) (1.7) (1.0) 0.6 9.6 1.2 Commercial real estate price growth 9.9 (3.9) (3.7) (1.2) (0.1) 0.1 9.9 (0.3) UK Bank Rate 0.14 0.82 0.99 1.04 1.20 0.83 1.20 0.10 CPI inflation 1 2.6 5.9 2.9 1.7 2.2 3.1 6.5 0.6 1 For 31 December 2021 scenarios, CPI numbers were translations of modelled Retail Price Index excluding mortgage interest payments (RPIX) estimates. Base case scenario by quarter 1 At 31 December 2021 First quarter 2021 % Second quarter 2021 % Third quarter 2021 % Fourth quarter 2021 % First quarter 2022 % Second quarter 2022 % Third quarter 2022 % Fourth quarter 2022 % 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 1 Gross domestic product is presented quarter-on-quarter. House price growth, commercial real estate 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. ECL sensitivity to economic assumptions The table below shows the Group’s ECL for the probability-weighted, upside, base case, downside and severe downside scenarios, with the severe downside scenario incorporating adjustments made to CPI inflation and UK Bank Rate paths. 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 typically held constant reflecting the basis on which they are evaluated. For 31 December 2022, however, post-model adjustments in Commercial Banking have been apportioned across the scenarios to better reflect the sensitivity of these adjustments to each scenario. Judgements applied through changes to model inputs are reflected in the scenario ECL 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 £668 million compared to £221 million at 31 December 2021. At 31 December 2022 At 31 December 2021 1 Probability- Upside Base case Downside Severe Probability- Upside Base case Downside Severe UK mortgages 1,209 514 790 1,434 3,874 837 637 723 967 1,386 Credit cards 763 596 727 828 1,180 521 442 500 569 672 Other Retail 1,016 907 992 1,056 1,290 825 760 811 863 950 Commercial Banking 1,807 1,434 1,618 1,953 3,059 1,416 1,281 1,343 1,486 1,833 Other 1 1 1 2 2 401 401 402 401 400 ECL allowance 4,796 3,452 4,128 5,273 9,405 4,000 3,521 3,779 4,286 5,241 1 Reflects the new organisation structure, with Business Banking and Commercial Cards moving from Retail to Commercial Banking and Wealth from Other to Retail; comparatives have been presented on a consistent basis. The table below shows the Group’s ECL for the upside, base case, downside and severe downside scenarios, with staging of assets based on each specific scenario probability of default. ECL applied through individual assessments and the majority of post-model adjustments are reported flat against each economic scenario, reflecting the basis on which they are evaluated. A probability-weighted scenario is not shown as this does not reflect the basis on which ECL is reported. Comparing the probability-weighted ECL in the table above to the base case ECL with base case scenario specific staging, as shown in the table below, results in an uplift of £791 million compared to £228 million at 31 December 2021. At 31 December 2022 At 31 December 2021 1 Upside Base case Downside Severe Upside Base case Downside Severe UK mortgages 469 734 1,344 7,848 636 722 973 1,448 Credit cards 563 719 842 1,320 434 500 583 707 Other Retail 886 984 1,059 1,450 754 808 868 973 Commercial Banking 1,403 1,567 2,046 4,672 1,278 1,342 1,500 2,085 Other 1 1 2 2 400 400 400 400 ECL allowance 3,322 4,005 5,293 15,292 3,502 3,772 4,324 5,613 1 Reflects the new organisation structure, with Business Banking and Commercial Cards moving from Retail to Commercial Banking and Wealth from Other to Retail; comparatives have been presented on a consistent basis. The impact of changes in the UK unemployment rate and House Price Index (HPI) have 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, including management judgements applied through changes to model inputs. The change in univariate ECL sensitivity in the period is a result of the change in definition of default and associated model changes, and the deterioration in the base case on which the assessment has been performed. 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 31 December 2022 At 31 December 2021 1 1pp increase in 1pp decrease in 1pp increase in 1pp decrease in UK mortgages 26 (21) 23 (18) Credit cards 41 (41) 20 (20) Other Retail 25 (25) 14 (14) Commercial Banking 99 (90) 49 (42) Other – – 1 (1) ECL impact 191 (177) 107 (95) 1 Reflects the new organisation structure, with Business Banking and Commercial Cards moving from Retail to Commercial Banking and Wealth from Other to Retail; comparatives have been presented on a consistent basis. The table below shows the impact on the Group’s ECL in respect of UK mortgages of an increase or decrease in loss given default for a 10 percentage point (pp) increase or decrease in the UK House Price Index (HPI). The increase or decrease is presented based on the adjustment phased evenly over the first ten quarters of the base case scenario. At 31 December 2022 At 31 December 2021 10pp increase 10pp decrease 10pp increase 10pp decrease ECL impact, £m (225) 370 (112) 162 Individual assessments Stage 3 ECL in Commercial Banking is largely assessed on an individual basis using bespoke assessment of loss for each specific client. These assessments are carried out by the Business Support Unit based on detailed reviews and expected recovery strategies. While these assessments are based on the Group’s latest economic view, the use of Group-wide multiple economic scenarios and weightings is not considered appropriate for these cases due to their individual characteristics. In place of this, a range of case-specific outcomes are considered with any alternative better or worse outcomes that carry a 25 per cent likelihood taken into account in establishing a probability-weighted ECL. At 31 December 2022, individually assessed provisions for Commercial Banking were £1,008 million (2021: £905 million) which reflected a range of £908 million to £1,140 million (2021: £741 million to £1,023 million), based on the range of alternative outcomes considered. Application of judgement in adjustments to modelled ECL Impairment models fall within the Group’s model risk framework with model monitoring, periodic validation and back testing performed on model components (i.e. probability of default, exposure at default and loss given default). Limitations in the Group’s impairment models or data inputs may be identified through the ongoing assessment and validation of the output of the models. In these circumstances, management make appropriate adjustments to the Group’s allowance for impairment losses to ensure that the overall provision adequately reflects all material risks. These adjustments are determined by considering the particular attributes of exposures which have not been adequately captured by the impairment models and range from changes to model inputs and parameters, at account level, through to more qualitative post-model adjustments. Post-model adjustments are not typically calculated under each distinct economic scenario used to generate ECL, but on final modelled ECL. 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 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 was a greater need for management judgements to be applied alongside the use of models at 31 December 2021. During 2022 the direct impact of the pandemic on both economic and credit performance has reduced, resulting in the release of all material judgements required specifically to capture COVID-19 risks. Conversely, the intensifying inflationary pressures alongside rising interest rates within the Group’s outlook have created further risks not deemed to be fully captured by ECL models. This has required judgements to be added to capture affordability risks from inflationary and rising interest rate pressures. At 31 December 2022 management judgement resulted in additional ECL allowances totalling £330 million (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. Judgements due to: Modelled Individually COVID-19 1 £m Inflationary risk Other Total At 31 December 2022 UK mortgages 946 – – 49 214 1,209 Credit cards 698 – – 93 (28) 763 Other Retail 903 – 1 53 59 1,016 Commercial Banking 910 1,008 – – (111) 1,807 Other 1 – – – – 1 Total 3,458 1,008 1 195 134 4,796 At 31 December 2021 UK mortgages 292 – 67 52 426 837 Credit cards 436 – 94 – (9) 521 Other Retail 2 757 – 18 – 50 825 Commercial Banking 2 331 905 194 – (14) 1,416 Other 2 1 – 400 – – 401 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. 2 Reflects the new organisation structure, with Business Banking and Commercial Cards moving from Retail to Commercial Banking and Wealth from Other to Retail; comparatives have been presented on a consistent basis. Judgements due to COVID-19 In 2021 the Group’s ECL allowance included amounts arising from the application of management judgement to address the impact of COVID-19. These adjustments principally comprised of: • UK mortgages: £52 million to allow for an increase in the time assumed between default and repossession as a result of the Group temporarily suspending the repossession of properties to support customers during the pandemic; • Credit Cards, Other Retail and Business Banking: £134 million in relation to adjustments made for government support and subdued levels of consumer spending which were judged to have contributed to the reduced flow of accounts into default and to improved average credit scores across portfolios; • Commercial Banking: £88 million in respect of adjustments to model inputs related to a reduction in the observed rate of UK corporate insolvencies. As anticipated, the rate of recoveries returned to pre-pandemic levels towards the end of 2021 and, with model outputs based on 12 months observed insolvency data, management believed the historically low levels of insolvencies seen during early 2021 did not reflect the underlying credit risk; • Commercial Banking: £80 million additional judgement in sectors which were considered to face an elevated risk due to COVID-driven restrictions, inflation and interest rate pressures; and • A £400 million adjustment in respect of the risk to the base case economic scenario conditioning assumptions The base case represents the Group’s most likely view, however management believed that in the context of the pandemic, the possibility that the conditioning assumptions were invalidated was firmly to the downside. In particular, the possibility that a future virus mutation had vaccine resistance leading to serious social and economic disruption. Such a possibility was outside of the Group’s methodology because it would invalidate one of the key assumptions behind the base case forecast. As such an adjustment was made to increase the Group's ECL allowances to reflect the increased downside risk and the potential for the severity of losses to stretch beyond the Group's severe scenario. As the adjustment was calculated centrally it was not allocated to specific portfolios. It was therefore allocated against Stage 1 assets given that the downside risks were largely considered to relate to non-defaulted exposures, the majority of which were in Stage 1. An indicative allocation to allow users to understand where the Group believed that the additional losses could arise was as follows: UK mortgages: c.£200 million, Credit cards and Other Retail: c.£100 million, Commercial Banking c.£100 million. Judgements due to inflationary risk UK mortgages: £49 million (2021: £52 million) These adjustments comprise: Inflationary and interest rate pressures: £49 million (2021: £52 million) There has been only modest evidence of credit deterioration in the UK mortgages portfolio through 2022 despite the high levels of inflation and the rising interest rate environment. Mortgage ECL models use bank base rate as a driver of predicted defaults and that has contributed to the elevated levels of ECL at 31 December 2022. However, there remains a potential risk to affordability from continued inflationary pressures combined with higher interest rates, and that this may not be fully captured by the Group’s ECL models. This risk is to customers maturing from low fixed rate deals, the building impact on variable rate holders and lower levels of real household income. The level of risk is somewhat mitigated from stressed affordability assessments applied at loan origination which means most customers are anticipated to be able to absorb payment shocks. A judgemental uplift in ECL has therefore been taken in specific segments of the mortgages portfolio, either where inflation is expected to present a more material risk, or where segments within the model do not use bank base rate as a material driver of predicted defaults. At 31 December 2021 additional judgemental ECL was taken in UK mortgages to recognise the heightened risk of interest rates increasing rapidly compared to the base case outlook. This judgement quantified incremental losses from adopting an alternative severe downside scenario with a 4 per cent interest rate peak. This judgeme |
FINANCE LEASE AND HIRE PURCHASE
FINANCE LEASE AND HIRE PURCHASE RECEIVABLES | 12 Months Ended |
Dec. 31, 2022 | |
Disclosure of maturity analysis of finance lease payments receivable [text block] [Abstract] | |
FINANCE LEASE AND HIRE PURCHASE RECEIVABLES | NOTE 17: FINANCE LEASE AND HIRE PURCHASE RECEIVABLES The Group's finance lease and hire purchase receivables are classified as loans and advances to customers and accounted for at amortised cost. These balances are analysed as follows: Finance leases Hire purchase 2022 £m 2021 £m 2022 £m 2021 £m Not later than 1 year 216 339 6,307 4,720 Later than 1 year and not later than 2 years 215 135 3,872 4,517 Later than 2 years and not later than 3 years 111 222 3,707 3,981 Later than 3 years and not later than 4 years 45 110 2,962 2,817 Later than 4 years and not later than 5 years 31 46 385 814 Later than 5 years 122 150 275 374 Gross investment 740 1,002 17,508 17,223 Unearned future finance income (106) (147) (1,447) (1,349) Rentals received in advance (9) (12) (111) (89) Net investment 625 843 15,950 15,785 The net investment represents amounts recoverable as follows: Finance leases Hire purchase 2022 £m 2021 £m 2022 £m 2021 £m Not later than 1 year 175 280 5,618 4,004 Later than 1 year and not later than 2 years 190 108 3,447 4,151 Later than 2 years and not later than 3 years 94 198 3,440 3,766 Later than 3 years and not later than 4 years 35 94 2,844 2,744 Later than 4 years and not later than 5 years 24 35 356 765 Later than 5 years 107 128 245 355 Net investment 625 843 15,950 15,785 Equipment leased to customers under finance leases and hire purchase receivables relates to financing transactions to fund the purchase of aircraft, ships, motor vehicles and other items. There was an allowance for uncollectable finance lease receivables included in the allowance for impairment losses of £13 million (2021: £18 million) and for hire purchase receivables of £251 million (2021: £275 million). The Group’s finance lease and hire purchase assets are comprised as follows: Finance leases Hire purchase 2022 £m 2021 £m 2022 £m 2021 £m Electric vehicles 8 3 576 429 Internal combustion engine vehicles 176 142 10,743 10,640 Hybrid vehicles 5 3 737 522 Other 436 695 3,894 4,194 Net investment 625 843 15,950 15,785 |
FINANCIAL ASSETS AT FAIR VALU_2
FINANCIAL ASSETS AT FAIR VALUE THROUGH OTHER COMPREHENSIVE INCOME | 12 Months Ended |
Dec. 31, 2022 | |
Disclosure Of Fair Value Of Each Investment Designated As Measured At Fair Value Through Other Comprehensive Income Explanatory [Abstract] | |
FINANCIAL ASSETS AT FAIR VALUE THROUGH OTHER COMPREHENSIVE INCOME | NOTE 18: FINANCIAL ASSETS AT FAIR VALUE THROUGH OTHER COMPREHENSIVE INCOME 2022 £m 2021 £m Debt securities: Government securities 11,196 14,599 Asset-backed securities 138 55 Corporate and other debt securities 11,511 13,131 22,845 27,785 Equity shares 1 1 Total financial assets at fair value through other comprehensive income 22,846 27,786 At 31 December 2022 £20,766 million (2021: £24,947 million) of financial assets at fair value through other comprehensive income had a contractual residual maturity of greater than one year. All assets were assessed at Stage 1 at 31 December 2021 and 2022. |
GOODWILL OF THE GROUP
GOODWILL OF THE GROUP | 12 Months Ended |
Dec. 31, 2022 | |
Disclosure of goodwill [Abstract] | |
GOODWILL OF THE GROUP | NOTE 19: GOODWILL 2022 £m 2021 £m At 1 January and 31 December 470 470 Cost 1 814 814 Accumulated impairment losses (344) (344) At 31 December 470 470 1 For acquisitions made prior to 1 January 2004, the date of transition to IFRS, cost is included net of amounts amortised up to 31 December 2003. The goodwill held in the Group’s balance sheet is tested at least annually for impairment. For the purposes of impairment testing the goodwill is allocated to the appropriate cash generating unit; of the total balance of £470 million (2021: £470 million), £302 million, or 64 per cent (2021: £302 million, 64 per cent) has been allocated to the Credit card cash generating unit and £166 million, or 35 per cent (2021: £166 million, 35 per cent) has been allocated to the Motor business cash generating unit, both in the Group’s Retail division. The recoverable amount of the goodwill relating to Credit cards has been based on a value-in-use calculation using post-tax cash flow projections based on financial budgets and plans approved by management covering a four-year period and a discount rate (post-tax) of 10 per cent, based on the Group’s cost of equity. The cash flows beyond the four-year period assume 3.5 per cent growth. Management believes that any reasonably possible change in the key assumptions above would not cause the recoverable amount of the goodwill relating to Credit cards to fall below the balance sheet carrying value. The recoverable amount of the goodwill relating to the Motor business is based on a value-in-use calculation using post-tax cash flow projections based on financial budgets and plans approved by management covering a four-year period and a discount rate (post-tax) of 10 per cent, based on the Group’s cost of equity. The cash flows beyond the four-year period are extrapolated using a growth rate of 3.5 per cent which does not exceed the long-term average growth rates for the markets in which the Motor business participates. Management believes that any reasonably possible change in the key assumptions, including from the impacts of climate change or climate-related legislation, would not cause the recoverable amount of the goodwill relating to the Motor business to fall below the balance sheet carrying value. |
OTHER INTANGIBLE ASSETS
OTHER INTANGIBLE ASSETS | 12 Months Ended |
Dec. 31, 2022 | |
Disclosure of detailed information about intangible assets [abstract] | |
OTHER INTANGIBLE ASSETS | NOTE 20: OTHER INTANGIBLE ASSETS Brands Core deposit Purchased Customer- Capitalised Total Cost: At 1 January 2021 584 2,770 1,002 50 5,855 10,261 Additions – – – – 986 986 Disposals and write-offs – – – – (460) (460) At 31 December 2021 584 2,770 1,002 50 6,381 10,787 Exchange and other adjustments – – – – 1 1 Additions – – – – 1,395 1,395 Disposals – – – – (186) (186) At 31 December 2022 584 2,770 1,002 50 7,591 11,997 Accumulated amortisation: At 1 January 2021 204 2,770 551 50 2,574 6,149 Charge for the year (note 9) – – 70 – 884 954 Disposals and write-offs – – – – (460) (460) At 31 December 2021 204 2,770 621 50 2,998 6,643 Exchange and other adjustments – – 1 – (10) (9) Charge for the year (note 9) – – 70 – 825 895 Disposals – – – – (186) (186) At 31 December 2022 204 2,770 692 50 3,627 7,343 Balance sheet amount at 31 December 2022 380 – 310 – 3,964 4,654 Balance sheet amount at 31 December 2021 380 – 381 – 3,383 4,144 Brands arising from the acquisition of Bank of Scotland in 2009 are recognised on the Group’s balance sheet and have been determined to have an indefinite useful life. The carrying value at 31 December 2022 was £380 million (2021: £380 million). The Bank of Scotland name has been in existence for over 300 years and there are no indications that the brand should not have an indefinite useful life. The recoverable amount has been based on a value-in-use calculation. The calculation uses post-tax projections for a four-year period of the income generated by the Bank of Scotland cost generating unit, a discount rate of 10 per cent and a future growth rate of 3.5 per cent. Management believes that any reasonably possible change in the key assumptions would not cause the recoverable amount of the Bank of Scotland brand to fall below its balance sheet carrying value. |
OTHER ASSETS
OTHER ASSETS | 12 Months Ended |
Dec. 31, 2022 | |
Disclosure of other non-current assets [Abstract] | |
OTHER ASSETS | NOTE 21: OTHER ASSETS 2022 £m 2021 £m Property, plant and equipment: Investment properties 3 4 Premises 852 803 Equipment 1,278 1,627 Operating lease assets (see below) 4,816 4,196 Right-of-use assets (note 22) 1,119 1,268 8,068 7,898 Settlement balances 98 52 Prepayments 1,105 905 Other assets 622 744 Total other assets 9,893 9,599 Operating lease assets where the Group is lessor Equipment leased to customers under operating leases primarily relates to vehicle contract hire arrangements. At 31 December the future minimum rentals receivable under non-cancellable operating leases were as follows: 2022 £m 2021 £m Within 1 year 912 848 1 to 2 years 620 561 2 to 3 years 322 288 3 to 4 years 102 86 4 to 5 years 11 8 Over 5 years – – Total future minimum rentals receivable 1,967 1,791 Equipment leased to customers under operating leases primarily relates to vehicle contract hire arrangements. Operating lease assets are comprised as follows: 2022 £m 2021 £m Electric vehicles 1,610 728 Internal combustion engine vehicles 2,042 2,531 Hybrid vehicles 1,159 928 Other 5 9 Total operating lease assets 4,816 4,196 |
LESSEE DISCLOSURES
LESSEE DISCLOSURES | 12 Months Ended |
Dec. 31, 2022 | |
Disclosure Of Leases [Abstract] | |
LESSEE DISCLOSURES | NOTE 22: LESSEE DISCLOSURES The table below sets out the movement in the Group's right-of-use assets, which are primarily in respect of premises, and are recognised within other assets (note 21). 2022 £m 2021 £m At 1 January 1,268 1,434 Exchange and other adjustments – (9) Additions 97 71 Disposals (33) (12) Depreciation charge for the year (213) (216) At 31 December 1,119 1,268 The Group's lease liabilities are recognised within other liabilities (note 26). The maturity analysis of the Group's lease liabilities on an undiscounted basis is set out in the liquidity risk section of note 44. The total cash outflow for leases in the year ended 31 December 2022 was £204 million (2021: £243 million). The amount recognised within interest expense in respect of lease liabilities is disclosed in note 5. |
FINANCIAL LIABILITIES AT FAIR V
FINANCIAL LIABILITIES AT FAIR VALUE THROUGH PROFIT OR LOSS | 12 Months Ended |
Dec. 31, 2022 | |
Disclosure Of Trading And Other Financial Liabilities At Fair Value Through Profit Or Loss [Abstract] | |
FINANCIAL LIABILITIES AT FAIR VALUE THROUGH PROFIT OR LOSS | NOTE 23: FINANCIAL LIABILITIES AT FAIR VALUE THROUGH PROFIT OR LOSS 2022 £m 2021 £m Liabilities designated at fair value through profit or loss: debt securities in issue 5,159 6,537 At 31 December 2022 £4,965 million (2021: £6,258 million of financial liabilities at fair value through profit or loss had a contractual residual maturity of greater than one year. Liabilities designated at fair value through profit or loss primarily represent debt securities in issue which either contain substantive embedded derivatives which would otherwise need to be recognised and measured at fair value separately from the related debt securities, or which are accounted for at fair value to significantly reduce an accounting mismatch. The amount contractually payable on maturity of the debt securities held at fair value through profit or loss at 31 December 2022 was £11,195 million, which was £6,036 million higher than the balance sheet carrying value (2021: £10,558 million, which was £4,021 million higher than the balance sheet carrying value). At 31 December 2022 there was a cumulative £324 million decrease in the fair value of these liabilities attributable to changes in credit spread risk; this is determined by reference to the quoted credit spreads of the Bank. Of the cumulative amount, a decrease of £519 million arose in 2022 and an increase of £86 million arose in 2021. |
DEBT SECURITIES IN ISSUE
DEBT SECURITIES IN ISSUE | 12 Months Ended |
Dec. 31, 2022 | |
Disclosure of debt instruments [Abstract] | |
DEBT SECURITIES IN ISSUE | NOTE 24: DEBT SECURITIES IN ISSUE 2022 £m 2021 £m Senior unsecured notes issued 21,377 23,820 Covered bonds (note 25) 14,240 17,407 Certificates of deposit issued 1,607 290 Securitisation notes (note 25) 2,780 3,672 Commercial paper 9,052 3,535 Total debt securities in issue 49,056 48,724 At 31 December 2022 £30,571 million (2021: £33,369 million) of debt securities in issue had a contractual residual maturity of greater than one year. |
SECURITISATIONS AND COVERED BON
SECURITISATIONS AND COVERED BONDS | 12 Months Ended |
Dec. 31, 2022 | |
Disclosure Of Securitisations Programmes And Transactions [Abstract] | |
SECURITISATIONS AND COVERED BONDS | NOTE 25: SECURITISATIONS AND COVERED BONDS Securitisation programmes Loans and advances to customers include loans securitised under the Group’s securitisation programmes, the majority of which have been sold by subsidiary companies to bankruptcy remote structured entities. As the structured entities are funded by the issue of debt on terms whereby the majority of the risks and rewards of the portfolio are retained by the subsidiary, the structured entities are consolidated fully and all of these loans are retained on the Group’s balance sheet, with the related notes in issue included within debt securities in issue. Covered bond programmes Certain loans and advances to customers have been assigned to bankruptcy remote limited liability partnerships to provide security for issues of covered bonds by the Group. The Group retains all of the risks and rewards associated with these loans and the partnerships are consolidated fully with the loans retained on the Group’s balance sheet, and the related covered bonds in issue included within debt securities in issue. The Group’s principal securitisation and covered bond programmes, together with the balances of the advances subject to these arrangements and the carrying value of the externally held notes in issue at 31 December, are listed below. Notes in issue, previously reported gross of internal holdings, are presented net; comparatives have been presented on a consistent basis. The notes in issue are reported in note 24. 2022 2021 Loans and advances securitised 1 £m Externally Loans and advances securitised 1 £m Externally Securitisation programmes UK residential mortgages and commercial loans 15,402 2,035 18,688 2,544 Credit card receivables 12,776 223 11,615 594 Motor vehicle finance 401 149 235 141 Dutch residential mortgages 402 399 427 426 Total securitisation programmes (notes 23 and 24) 2 28,981 2,806 30,965 3,705 Covered bond programmes Residential mortgage-backed 27,400 13,740 35,896 16,907 Social housing loan-backed 831 500 833 500 Total covered bond programmes (note 24) 28,231 14,240 36,729 17,407 Total securitisation and covered bond programmes 17,046 21,112 1 Including assets backing notes held internally within the Group. 2 Includes £26 million (2021: £33 million) of securitisation notes held at fair value through profit or loss. Cash deposits of £3,789 million (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. Additionally, the Group has certain contractual arrangements to provide liquidity facilities to some of these structured entities. At 31 December 2022 these obligations had not been triggered; the maximum exposure under these facilities was £4 million (2021: £52 million). The Group has two covered bond programmes, for which limited liability partnerships have been established to ring-fence asset pools and guarantee the covered bonds issued by the Group. At the reporting date the Group had over-collateralised these programmes as set out in the table above to meet the terms of the programmes, to secure the rating of the covered bonds and to provide operational flexibility. From time to time, the obligations of the Group to provide collateral may increase due to the formal requirements of the programmes. The Group may also voluntarily contribute collateral to support the ratings of the covered bonds. The Group recognises the full liabilities associated with its securitisation and covered bond programmes within debt securities in issue, although the obligations of the Group in respect of its securitisation issuances are limited to the cash flows generated from the underlying assets. The Group could be required to provide additional support to a number of the securitisation programmes to support the credit ratings of the debt securities issued, in the form of increased cash reserves and the holding of subordinated notes. Further, certain programmes contain contractual obligations that require the Group to repurchase assets should they become credit-impaired or as otherwise required by the transaction documents. The Group has not provided financial or other support by voluntarily offering to repurchase assets from any of its public securitisation programmes during 2022 (2021: none). |
OTHER LIABILITIES
OTHER LIABILITIES | 12 Months Ended |
Dec. 31, 2022 | |
Disclosure of other liabilities [Abstract] | |
OTHER LIABILITIES | NOTE 26: OTHER LIABILITIES 2022 £m 2021 £m Settlement balances 109 110 Lease liabilities 1,260 1,411 Other creditors and accruals 4,277 3,870 Total other liabilities 5,646 5,391 The maturity analysis of the Group's lease liabilities on an undiscounted basis is set out in the liquidity risk section of note 44. |
RETIREMENT BENEFIT OBLIGATIONS
RETIREMENT BENEFIT OBLIGATIONS | 12 Months Ended |
Dec. 31, 2022 | |
Disclosure of employee benefits [Abstract] | |
RETIREMENT BENEFIT OBLIGATIONS | NOTE 27: RETIREMENT BENEFIT OBLIGATIONS 2022 £m 2021 £m 2020 £m Charge to the income statement Defined benefit pension schemes 123 234 244 Other post-retirement benefit schemes 2 2 3 Total defined benefit schemes 125 236 247 Defined contribution pension schemes 314 287 305 Total charge to the income statement (note 9) 439 523 552 2022 £m 2021 £m Amounts recognised in the balance sheet Retirement benefit assets 3,823 4,531 Retirement benefit obligations (126) (230) Total amounts recognised in the balance sheet 3,697 4,301 The total amounts recognised in the balance sheet relate to: 2022 £m 2021 £m Defined benefit pension schemes 3,732 4,404 Other post-retirement benefit schemes (35) (103) Total amounts recognised in the balance sheet 3,697 4,301 Pension schemes Defined benefit schemes (i) Characteristics of and risks associated with the Group’s schemes The Group has established a number of defined benefit pension schemes in the UK and overseas. All significant schemes are based in the UK, with the three most significant being the main sections of the Lloyds Bank Pension Scheme No. 1, the Lloyds Bank Pension Scheme No. 2 and the HBOS Final Salary Pension Scheme. At 31 December 2022, these schemes represented 94 per cent of the Group’s total gross defined benefit pension assets (2021: 94 per cent). These schemes provide retirement benefits calculated as a proportion of final pensionable salary depending upon the length of pensionable service; the minimum retirement age under the rules of the schemes at 31 December 2022 is generally 55, although certain categories of member are deemed to have a protected right to retire at 50. The Group operates both funded and unfunded pension arrangements; the majority, including the three most significant schemes, are funded schemes in the UK. All of these UK funded schemes are operated as separate legal entities under trust law, are in compliance with the Pensions Act 2004 and are managed by a Trustee Board (the Trustee) whose role is to ensure that their scheme is administered in accordance with the scheme rules and relevant legislation, and to safeguard the assets in the best interests of all members and beneficiaries. The Trustee is solely responsible for setting investment policy and for agreeing funding requirements with the employer through the funding valuation process. The Board of Trustees must be composed of representatives of the scheme membership along with a combination of independent and employer appointed trustees to comply with legislation and scheme rules. A valuation to determine the funding status of each scheme is carried out at least every three years, whereby scheme assets are measured at market value and liabilities (technical provisions) are measured using prudent assumptions. If a deficit is identified a recovery plan is agreed between the employer and the scheme Trustee and sent to the Pensions Regulator for review. The Group has not provided for these deficit contributions as the future economic benefits arising from these contributions are expected to be available to the Group. The Group’s overseas defined benefit pension schemes are subject to local regulatory arrangements. The most recent triennial funding valuations of the Group’s three main defined benefit pension schemes showed an aggregate ongoing funding deficit of £7.3 billion as at 31 December 2019 (a funding level of 85.7 per cent). Under the agreed recovery plan, £0.8 billion plus a further 30 per cent of in-year capital distributions to ordinary shareholders, up to a limit on total deficit contributions of £2.0 billion per annum, is payable until the 2019 deficit has been removed. These schemes continue to have a funding deficit, but are in a significantly stronger financial position than at 31 December 2021, when the deficit was c.£4.0 billion. During 2022, deficit contributions of £2.2 billion were paid into these schemes and the Group expects to make a further fixed contribution of £0.8 billion in the first half of 2023, consistent with 2021 and 2022. The Group expects to have substantially agreed the triennial valuation with the Trustee by the end of the third quarter of 2023, along with a revised contribution schedule in respect of any remaining deficit. Trustee agreement will be conditional upon prior feedback from the Pensions Regulator. The Group also expects that future contributions will become increasingly contingent in nature, such that they are only paid into the schemes if required. The deficit contributions are in addition to the regular contributions to meet benefits accruing over the year, and to cover the expenses of running the schemes. The Group expects to pay contributions of at least £1.1 billion to its defined benefit schemes in 2023. During 2009, the Group made one-off contributions to the Lloyds Bank Pension Scheme No. 1 and Lloyds Bank Pension Scheme No. 2 in the form of interests in limited liability partnerships for each of the two schemes which hold assets to provide security for the Group’s obligations to the two schemes. At 31 December 2022, the limited liability partnerships held assets of £6.3 billion. The limited liability partnerships are consolidated fully in the Group’s balance sheet. The Group has also established three private limited companies which hold assets to provide security for the Group’s obligations to the HBOS Final Salary Pension Scheme, a section of the Lloyds Bank Pension Scheme No. 1 and the Lloyds Bank Offshore Pension Scheme. At 31 December 2022 these held assets of £4.5 billion in aggregate. The private limited companies are consolidated fully in the Group’s balance sheet. The terms of these arrangements require the Group to maintain assets in these vehicles to agreed minimum values in order to secure obligations owed to the relevant Group pension schemes. The Group has satisfied this requirement during 2022. The last funding valuations of other Group schemes were carried out on a number of different dates. In order to report the position under IAS 19 as at 31 December 2022, the most recent valuation results for all schemes have been updated by qualified independent actuaries. The funding valuations use a more prudent approach to setting the discount rate and more conservative longevity and inflation assumptions than the IAS 19 valuations. In a judgment in 2018, the High Court confirmed the requirement to equalise the Guaranteed Minimum Pension (GMP) benefits of men and women accruing between 1990 and 1997 from contracting out of the State Earnings Related Pension Scheme. The Group recognised a past service cost of £108 million in respect of equalisation in 2018 and, following agreement of the detailed implementation approach with the Trustee, a further £33 million was recognised in 2019. A further hearing was held during 2020 which confirmed the extent of the Trustee’s obligation to revisit past transfers out of the schemes. The amount of any additional liability as a result of this judgment is still being reviewed but is not considered likely to be material. (ii) Amounts in the financial statements 2022 £m 2021 £m Amount included in the balance sheet Present value of funded obligations (28,965) (47,130) Fair value of scheme assets 32,697 51,534 Net amount recognised in the balance sheet 3,732 4,404 2022 £m 2021 £m Net amount recognised in the balance sheet At 1 January 4,404 1,578 Net defined benefit pension charge (123) (234) Actuarial gains on defined benefit obligation 17,222 1,267 Return on plan assets (20,302) 449 Employer contributions 2,530 1,344 Exchange and other adjustments 1 – At 31 December 3,732 4,404 2022 £m 2021 £m Movements in the defined benefit obligation At 1 January (47,130) (49,549) Current service cost (180) (213) Interest expense (902) (704) Remeasurements: Actuarial losses – experience (1,186) (426) Actuarial gains (losses) – demographic assumptions 288 (146) Actuarial gains – financial assumptions 18,120 1,839 Benefits paid 2,048 2,034 Past service cost (4) (11) Settlements 13 22 Exchange and other adjustments (32) 24 At 31 December (28,965) (47,130) 2022 £m 2021 £m Analysis of the defined benefit obligation Active members (3,088) (5,837) Deferred members (8,515) (16,167) Pensioners (16,013) (23,171) Dependants (1,349) (1,955) At 31 December (28,965) (47,130) 2022 £m 2021 £m Changes in the fair value of scheme assets At 1 January 51,534 51,127 Return on plan assets excluding amounts included in interest income (20,302) 449 Interest income 997 733 Employer contributions 2,530 1,344 Benefits paid (2,048) (2,034) Settlements (13) (23) Administrative costs paid (34) (38) Exchange and other adjustments 33 (24) At 31 December 32,697 51,534 The expense recognised in the income statement for the year ended 31 December comprises: 2022 £m 2021 £m 2020 £m Current service cost 180 213 206 Net interest amount (95) (29) (23) Settlements – 1 2 Past service cost – plan amendments 4 11 5 Plan administration costs incurred during the year 34 38 54 Total defined benefit pension expense 123 234 244 (iii) Composition of scheme assets 2022 2021 Quoted Unquoted Total Quoted Unquoted Total Equity instruments 7 47 54 617 36 653 Debt instruments 1 : Fixed interest government bonds 3,007 – 3,007 10,512 – 10,512 Index-linked government bonds 15,497 – 15,497 23,969 – 23,969 Corporate and other debt securities 3,978 – 3,978 13,399 – 13,399 22,482 – 22,482 47,880 – 47,880 Property – 116 116 – 139 139 Pooled investment vehicles 2,730 15,863 18,593 1,192 13,346 14,538 Money market instruments, cash, derivatives 1,069 (9,617) (8,548) 319 (11,995) (11,676) At 31 December 26,288 6,409 32,697 50,008 1,526 51,534 1 Of the total debt instruments, £20,369 million (2021: £42,568 million) were investment grade (credit ratings equal to or better than ‘BBB’). The assets of all of the funded plans are held independently of the Group’s assets in separate trustee-administered funds. The pension schemes’ pooled investment vehicles comprise: 2022 £m 2021 £m Equity funds 1,421 3,696 Hedge and mutual funds 240 1,407 Alternative credit funds 2,222 3,884 Property funds 1,604 1,541 Infrastructure funds 1,193 1,389 Liquidity funds 11,527 2,031 Bond and debt funds 354 561 Other 32 29 At 31 December 18,593 14,538 The Trustee’s approach to investment is focused on acting in the members’ best financial interests, with the integration of ESG (Environmental, Social and Governance) considerations into investment management processes and practices. This policy is reviewed annually (or more frequently as required) and has been shared with the schemes’ investment managers for implementation. Climate change is one of the risks the schemes manage given its potential financial impact on valuation of assets. (iv) Assumptions The principal actuarial and financial assumptions used in valuations of the defined benefit pension schemes were as follows: 2022 % 2021 % Discount rate 4.93 1.94 Rate of inflation: Retail Price Index (RPI) 3.13 3.21 Consumer Price Index (CPI) 2.69 2.92 Rate of salary increases 0.00 0.00 Weighted-average rate of increase for pensions in payment 2.84 2.88 On 25 November 2020 the Chancellor of the Exchequer announced the outcome of a consultation into a reform of the calculation of RPI. It is now expected that from 2030 RPI will be aligned with CPIH (the Consumer Price Index including owner occupiers’ housing costs). To determine the RPI assumption a term-dependent inflation curve has been used adjusting for an assumed inflation risk premium. In the period to 2030 a gap of 100 basis points has been assumed between RPI and CPI; thereafter a 10 basis point gap has been assumed. Men Women 2022 Years 2021 Years 2022 Years 2021 Years Life expectancy for member aged 60, on the valuation date 26.7 27.1 28.8 29.1 Life expectancy for member aged 60, 15 years after the valuation date 27.8 28.1 30.0 30.3 The mortality assumptions used in the UK scheme valuations are based on standard tables published by the Institute and Faculty of Actuaries which were adjusted in line with the actual experience of the relevant schemes. The table shows that a member retiring at age 60 at 31 December 2022 is assumed to live for, on average, 26.7 years for a male and 28.8 years for a female. In practice there will be much variation between individual members but these assumptions are expected to be appropriate across all members. It is assumed that younger members will live longer in retirement than those retiring now. This reflects the expectation that mortality rates will continue to fall over time as medical science and standards of living improve. To illustrate the degree of improvement assumed, the table also shows the life expectancy for members aged 45 now, when they retire in 15 years time at age 60. The Group uses the CMI mortality projections model and in line with actuarial industry recommendations has placed no weight on 2020 and 2021 mortality experience. The persistence of excess deaths during 2022 has highlighted the potential longer term impacts of COVID-19 and the Group has applied a 4 per cent scaling factor to its base mortality tables at December 2022 to allow for this impact on member mortality. This led to a c.1 per cent reduction in the defined benefit obligation. (v) Amount, timing and uncertainty of future cash flows Risk exposure of the defined benefit schemes While the Group is not exposed to any unusual, entity-specific or scheme-specific risks in its defined benefit pension schemes, it is exposed to a number of significant risks, detailed below: Inflation rate risk: The majority of the plans’ benefit obligations are linked to inflation both in deferment and once in payment. Higher inflation will lead to higher liabilities although this will be materially offset by holdings of inflation-linked gilts and, in most cases, caps on the level of inflationary increases are in place to protect against extreme inflation. Interest rate risk: The defined benefit obligation is determined using a discount rate derived from yields on AA-rated corporate bonds. A decrease in corporate bond yields will increase plan liabilities although this will be materially offset by an increase in the value of bond holdings and through the use of derivatives. Longevity risk: The majority of the schemes’ obligations are to provide benefits for the life of the members so increases in life expectancy will result in an increase in the plans’ liabilities. Investment risk: Scheme assets are invested in a diversified portfolio of debt securities, equities and other return-seeking assets. If the assets underperform the discount rate used to calculate the defined benefit obligation, it will reduce the surplus or increase the deficit. Volatility in asset values and the discount rate will lead to volatility in the net pension asset on the Group’s balance sheet and in other comprehensive income. To a lesser extent this will also lead to volatility in the pension expense in the Group’s income statement. In addition, the schemes themselves are exposed to liquidity risk with the need to ensure that liquid assets held are sufficient to meet benefit payments as they fall due and there is sufficient collateral available to support their hedging activity. The ultimate cost of the defined benefit obligations to the Group will depend upon actual future events rather than the assumptions made. The assumptions made are unlikely to be borne out in practice and as such the cost may be higher or lower than expected. Sensitivity analysis The effect of reasonably possible changes in key assumptions on the value of scheme liabilities and the resulting pension charge in the Group’s income statement and on the net defined benefit pension scheme asset, for the Group’s three most significant schemes, is set out below. The sensitivities provided assume that all other assumptions and the value of the schemes’ assets remain unchanged, and are not intended to represent changes that are at the extremes of possibility. The calculations are approximate in nature and full detailed calculations could lead to a different result. It is unlikely that isolated changes to individual assumptions will be experienced in practice. Due to the correlation of assumptions, aggregating the effects of these isolated changes may not be a reasonable estimate of the actual effect of simultaneous changes in multiple assumptions. Effect of reasonably possible alternative assumptions Increase (decrease) (Increase) decrease in the 2022 £m 2021 £m 2022 £m 2021 £m Inflation (including pension increases) 1 : Increase of 0.1 per cent 13 12 251 481 Decrease of 0.1 per cent (13) (12) (245) (475) Discount rate 2 : Increase of 0.1 per cent (25) (24) (379) (774) Decrease of 0.1 per cent 24 23 388 795 Expected life expectancy of members: Increase of one year 38 44 745 1,934 Decrease of one year (39) (42) (762) (1,852) 1 At 31 December 2022, the assumed rate of RPI inflation is 3.13 per cent and CPI inflation 2.69 per cent (2021: RPI 3.21 per cent and CPI 2.92 per cent). 2 At 31 December 2022, the assumed discount rate is 4.93 per cent (2021: 1.94 per cent). Sensitivity analysis method and assumptions The sensitivity analysis above reflects the impact on the liabilities of the Group’s three most significant schemes which account for over 90 per cent of the Group’s defined benefit obligations. While differences in the underlying liability profiles for the remainder of the Group’s pension arrangements mean that they may exhibit slightly different sensitivities to variations in these assumptions, the sensitivities provided above are indicative of the impact across the Group as a whole. The inflation assumption sensitivity applies to the assumed rate of increase in both the Consumer Price Index (CPI) and the Retail Price Index (RPI), and includes the impact on the rate of increases to pensions, both before and after retirement. These pension increases are linked to inflation (either CPI or RPI) subject to certain minimum and maximum limits. The sensitivity analysis (including the inflation sensitivity) does not include the impact of any change in the rate of salary increases as pensionable salaries have been frozen since 2 April 2014. The life expectancy assumption has been applied by allowing for an increase/decrease in life expectation from age 60 of one year, based upon the approximate weighted average age for each scheme. While this is an approximate approach and will not give the same result as a one year increase in life expectancy at every age, it provides an appropriate indication of the potential impact on the schemes from changes in life expectancy. There was no change in the methods and assumptions used in preparing the sensitivity analysis from the prior year. Asset-liability matching strategies The main schemes’ assets are invested in a diversified portfolio. Whilst c.50 per cent are held to generate the long-term returns required to support the funding position of the schemes, the remainder is invested in liability-driven investment (LDI) strategies which hedge the material risk exposures of the schemes. The investment strategy is not static and will evolve to reflect the structure of liabilities within the schemes. Specific strategies for each pension plan are independently determined by the responsible governance body for each scheme and in consultation with the employer. A significant goal of the strategies adopted by the schemes is to reduce volatility caused by changes in market expectations of interest rates and inflation. In the main schemes, this is achieved by investing scheme assets in bonds, primarily fixed interest gilts and index linked gilts, and by entering into interest rate and inflation swap arrangements. The assets in these LDI strategies represented 48 per cent of scheme assets at 31 December 2022. These investments are structured to take into account the profile of scheme liabilities and actively managed to reflect both changing market conditions and changes to the liability profile. At 31 December 2022 the asset-liability matching strategy mitigated around 119 per cent of the liability sensitivity to interest rate movements and around 123 per cent of the liability sensitivity to inflation movements. In addition, a small amount of interest rate sensitivity arises through holdings of corporate and other debt securities. The higher level of hedging provides greater protection to the funding position of the schemes. The schemes’ funding position remained robust and did not experience any material impact from the market volatility seen in the latter part of last year. Asset prices fell in line with the broader market and hedges fell in value as interest rates rose, and a similar impact was experienced on liability valuations which also fell in value given the portfolio was almost fully hedged. The Group’s schemes use LDI strategies to achieve this outcome and, as the hedging was maintained throughout the crisis, the strategy performed as expected. All collateral requirements in respect of the LDI strategies were met, with no support required from the Group beyond payment of scheduled contributions. On 28 January 2020, the main schemes entered into a £10 billion longevity insurance arrangement to hedge part of the schemes’ exposure to unexpected increases in life expectancy. This arrangement forms part of the schemes’ investment portfolio and will provide income to the schemes in the event that pensions are paid out for longer than expected. The transaction was structured as a pass-through with Scottish Widows as the insurer, and onwards reinsurance to Pacific Life Re Limited. On 28 January 2022, the Lloyds Bank Pension Scheme No. 1 entered into an additional £5.5 billion longevity insurance arrangement. The transaction is structured as a pass-through with Scottish Widows as the insurer, and onwards reinsurance to SCOR SE – UK Branch. At 31 December 2022 the value of scheme assets included £(100) million representing the value of the longevity swaps (after allowing for the impact on the IAS 19 liabilities of the revisions to the base mortality assumptions). In total the schemes have now hedged around 32 per cent of their longevity risk exposure. Maturity profile of defined benefit obligation The following table provides information on the weighted average duration of the defined benefit pension obligation and the distribution and timing of benefit payments: 2022 Years 2021 Years Duration of the defined benefit obligation 15 17 Maturity analysis of benefits expected to be paid: 2022 £m 2021 £m Within 12 months 1,409 1,352 Between 1 and 2 years 1,464 1,450 Between 2 and 5 years 4,678 4,651 Between 5 and 10 years 8,930 8,993 Between 10 and 15 years 9,296 9,668 Between 15 and 25 years 17,479 18,671 Between 25 and 35 years 12,720 13,846 Between 35 and 45 years 6,138 6,987 In more than 45 years 1,685 2,116 Maturity analysis method and assumptions The projected benefit payments are based on the assumptions underlying the assessment of the obligations, including allowance for expected future inflation. They are shown in their undiscounted form and therefore appear large relative to the discounted assessment of the defined benefit obligations recognised in the Group’s balance sheet. They are in respect of benefits that have been accrued prior to the respective year-end date only and make no allowance for any benefits that may have been accrued subsequently. Defined contribution schemes The Group operates a number of defined contribution pension schemes in the UK and overseas, principally Your Tomorrow and the defined contribution sections of the Lloyds Bank Pension Scheme No. 1. During the year ended 31 December 2022 the charge to the income statement in respect of defined contribution schemes was £314 million (2021: £287 million; 2020: £305 million), representing the contributions payable by the employer in accordance with each scheme’s rules. Other post-retirement benefit schemes The Group operates a number of schemes which provide post-retirement healthcare benefits to certain employees, retired employees and their dependants. The principal scheme relates to former Lloyds Bank staff and under this scheme the Group has undertaken to meet the cost of post-retirement healthcare for all eligible former employees (and their dependants) who retired prior to 1 January 1996. The Group has entered into an insurance contract to provide these benefits and a provision has been made for the estimated cost of future insurance premiums payable. For the principal post-retirement healthcare scheme, the latest actuarial valuation of the liability was carried out at 31 December 2022 by qualified independent actuaries. The principal assumptions used were as set out above, except that the rate of increase in healthcare premiums has been assumed at 6.74 per cent (2021: 6.82 per cent). Movements in the other post-retirement benefits obligation: 2022 £m 2021 £m At 1 January (103) (109) Actuarial gains 68 4 Insurance premiums paid 3 3 Charge for the year (2) (2) Exchange and other adjustments (1) 1 At 31 December (35) (103) |
DEFERRED TAX
DEFERRED TAX | 12 Months Ended |
Dec. 31, 2022 | |
Disclosure of deferred taxes [Abstract] | |
DEFERRED TAX | NOTE 28: DEFERRED TAX The Group’s deferred tax assets and liabilities are as follows: Statutory position 2022 £m 2021 £m Tax disclosure 2022 £m 2021 £m Deferred tax assets 5,857 4,048 Deferred tax assets 7,999 6,377 Deferred tax liabilities (208) – Deferred tax liabilities (2,350) (2,329) Asset at 31 December 5,649 4,048 Asset at 31 December 5,649 4,048 The statutory position reflects the deferred tax assets and liabilities as disclosed in the consolidated balance sheet and takes into account the ability of the Group to net assets and liabilities where there is a legally enforceable right of offset. The tax disclosure of deferred tax assets and liabilities ties to the amounts outlined in the tables below which splits the deferred tax assets and liabilities by type, before such netting. Movements in deferred tax assets and liabilities (before taking into consideration the offsetting of balances within the same taxing jurisdiction) can be summarised as follows: Deferred tax assets Tax losses Property, Provisions Share-based Pension Derivatives Asset Other Total At 1 January 2021 4,054 678 251 27 56 7 28 226 5,327 Credit (charge) to the income statement 964 82 13 (10) 15 30 (28) (50) 1,016 Credit (charge) to other comprehensive income – – 36 – (2) – – – 34 At 31 December 2021 5,018 760 300 17 69 37 – 176 6,377 Credit (charge) to the income statement (4) (237) 114 (3) (22) 183 8 (66) (27) Credit (charge) to other comprehensive income – – (155) – – 1,804 – – 1,649 At 31 December 2022 5,014 523 259 14 47 2,024 8 110 7,999 Deferred tax liabilities Capitalised Acquisition Pension Derivatives Asset revaluations 1 £m Other Total At 1 January 2021 (228) (336) (392) (699) – (204) (1,859) (Charge) credit to the income statement (47) (16) (93) (65) 2 (115) (334) (Charge) credit to other comprehensive income – – (846) 764 (54) – (136) Exchange and other adjustments – – – – – – – At 31 December 2021 (275) (352) (1,331) – (52) (319) (2,329) (Charge) credit to the income statement 117 29 29 (470) 41 (47) (301) Credit to other comprehensive income – – 283 – 11 – 294 Exchange and other adjustments – – – – – (14) (14) At 31 December 2022 (158) (323) (1,019) (470) – (380) (2,350) 1 Financial assets at fair value through other comprehensive income. At 31 December 2022 the Group carried net deferred tax assets on its balance sheet of £5,857 million (2021: £4,048 million) principally relating to tax losses carried forward. Estimation of income taxes includes the assessment of recoverability of deferred tax assets. Deferred tax assets are only recognised to the extent that they are considered more likely than not to be recoverable based on existing tax laws and forecasts of future taxable profits against which the underlying tax deductions can be utilised. The Group has recognised a deferred tax asset of £5,014 million (2021: £5,018 million) in respect of trading losses carried forward. Substantially all of these losses have arisen in Bank of Scotland plc and Lloyds Bank plc, and they will be utilised as taxable profits arise in those legal entities in future periods. The Group’s expectations of future UK taxable profits require management judgement, and take into account the Group’s long-term financial and strategic plans and anticipated future tax-adjusting items. In making this assessment, account is taken of business plans, the Board-approved operating plan and the expected future economic outlook as set out in the strategic report, as well as the risks associated with future regulatory, climate-related and other change, in order to produce a base case forecast of future UK taxable profits. Under current law there is no expiry date for UK trading losses not yet utilised, and given the forecast of future profitability and the Group’s commitment to the UK market, in management’s judgement it is more likely than not that the value of the losses will be recovered by the Group while still operating as a going concern. Banking tax losses that arose before 1 April 2015 can only be used against 25 per cent of taxable profits arising after 1 April 2016, and they cannot be used to reduce the surcharge on banking profits. These restrictions in utilisation mean that the value of the deferred tax asset in respect of tax losses is only expected to be fully recovered by 2036 (2021: 2047) in the base case forecast. The rate of recovery of the Group’s tax loss asset is not a straight line, being affected by the relative profitability of the different legal entities in future periods, and the relative size of their tax losses carried forward. It is expected in the base case that 90 per cent of the value will be recovered by 2032, when Bank of Scotland plc will have utilised all of its available tax losses. It is possible that future tax law changes could materially affect the timing of recovery and the value of these losses ultimately realised by the Group. Deferred tax not recognised Deferred tax assets of £147 million (2021: £151 million have not been recognised in respect of £583 million of UK tax losses and other temporary differences which can only be used to offset future capital gains. UK capital losses can be carried forward indefinitely. No deferred tax has been recognised in respect of foreign trade losses where it is not more likely than not that we will be able to utilise them in future periods. Of the asset not recognised, £53 million (2021: £34 million) relates to losses that will expire if not used within 20 years, and £7 million (2021: £5 million) relates to losses with no expiry date. |
OTHER PROVISIONS
OTHER PROVISIONS | 12 Months Ended |
Dec. 31, 2022 | |
Disclosure of other provisions [abstract] | |
OTHER PROVISIONS | NOTE 29: OTHER PROVISIONS Provisions Regulatory Other Total At 1 January 2022 194 1,054 685 1,933 Exchange and other adjustments (1) 16 28 43 Provisions applied – (587) (419) (1,006) Charge for the year 111 225 285 621 At 31 December 2022 304 708 579 1,591 Provisions for financial commitments and guarantees Provisions are recognised for expected credit losses on undrawn loan commitments and financial guarantees. See also note 15. Regulatory and legal provisions In the course of its business, the Group is engaged in discussions with the PRA, FCA and other UK and overseas regulators and other governmental authorities on a range of matters. The Group also receives complaints in connection with its past conduct and claims brought by or on behalf of current and former employees, customers, investors and other third parties and is subject to legal proceedings and other actions. Where significant, provisions are held against the costs expected to be incurred in relation to these matters and matters arising from related internal reviews. During the year ended 31 December 2022 the Group charged a further £225 million in respect of legal actions and other regulatory matters and the unutilised balance at 31 December 2022 was £708 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 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. 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 charge related to the estimated future awards from the Foskett Panel. The Foskett Panel had 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 at 31 December 2021 was therefore materially dependent on the assumption that the limited number of awards to date were representative of the full population of cases. 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. Around half the population have now had outcomes via this new process. Extrapolating the Group’s experience to date resulted in an increase to the provision of £50 million in the year (all in the fourth quarter). Notwithstanding the settled claims and the increase in coverage which builds confidence in the full estimated cost, uncertainties remain and the final outcome could be 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 nor the review by Dame Linda Dobbs. 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. The Group continues to challenge PPI litigation cases, with mainly legal fees and operational costs associated with litigation activity recognised within regulatory and legal provisions, including a charge in the fourth quarter. PPI litigation remains inherently uncertain, with a number of key court judgments due to be delivered in 2023. Other Following the sale of TSB Banking Group plc, the Group raised a provision of £665 million in relation to various ongoing commitments in respect of the divestment. At 31 December 2022, a provision of £22 million remained unutilised; the Group expects the majority of the remaining provision to be utilised in the next twelve months and the provision to be fully utilised by 31 December 2024. The Group carries provisions of £112 million (2021: £114 million) in respect of dilapidations, rent reviews and other property-related matters. Provisions are also made for staff and other costs related to Group restructuring initiatives at the point at which the Group becomes committed to the expenditure; at 31 December 2022 provisions of £108 million (31 December 2021: £187 million) were held. The Group carries provisions of £86 million (2021: £78 million) for indemnities and other matters relating to legacy business disposals in prior years. Whilst there remains significant uncertainty as to the timing of the utilisation of the provisions, the Group expects the majority of the remaining provisions to have been utilised by 31 December 2026. |
SUBORDINATED LIABILITIES
SUBORDINATED LIABILITIES | 12 Months Ended |
Dec. 31, 2022 | |
Disclosure of subordinated liabilities [Abstract] | |
SUBORDINATED LIABILITIES | NOTE 30: SUBORDINATED LIABILITIES The movement in subordinated liabilities during the year was as follows: Preferred Undated Dated Total At 1 January 2021 1,772 505 6,965 9,242 Issued during the year 1 : 3.916% Subordinated Fixed Rate Notes 2048 (US$1,500 million) – – 1,074 1,074 3.724% Dated Subordinated Fixed Rate Reset Notes 2041 (£500 million) – – 888 888 2.754% Dated Subordinated Fixed Rate Reset Notes 2032 (US$1,750 million) – – 1,300 1,300 – – 3,262 3,262 Repurchases and redemptions during the year 1 : 7.754% Non-cumulative Perpetual Preferred Securities (Class B) (£150 million) (156) – – (156) Series 2 (US$500 million) – (94) – (94) Series 3 (US$600 million) – (120) – (120) Floating Rate Primary Capital Notes (US$250 million) – (24) – (24) Series 1 (US$750 million) – (97) – (97) 9.375% Subordinated Bonds 2021 (£500 million) – – (200) (200) 5.374% Subordinated Fixed Rate Notes 2021 (€160 million) – – (145) (145) 4.553% Subordinated Fixed Rate Notes 2021 (US$1,500 million) – – (1,122) (1,122) 6% Subordinated Notes 2033 (US$750 million) – – (216) (216) 4.293% Subordinated Fixed Rate Notes 2021 (US$824 million) – – (612) (612) 4.503% Subordinated Fixed Rate Notes 2021 (US$1,353 million) – – (1,004) (1,004) (156) (335) (3,299) (3,790) Foreign exchange movements 17 – (80) (63) Other movements (cash and non-cash) 2 28 – (21) 7 At 31 December 2021 1,661 170 6,827 8,658 Issued during the year 1 : 8.133% Dated Subordinated Fixed Rate Reset notes 2033 (US$1,000 million) – – 837 837 Repurchases and redemptions during the year 1 : 12% Fixed to Floating Rate Perpetual Tier 1 Capital Securities callable 2024 (US$2,000 million) (1,399) – – (1,399) 13% Sterling Step-up Perpetual Capital Securities callable 2029 (£700 million) (221) – – (221) 7.281% Perpetual Regulatory Tier One Securities (Series B) (£150 million) (22) – – (22) 7.881% Guaranteed Non-voting Non-cumulative Preferred Securities (£245 million) (12) – – (12) 12% Perpetual Subordinated Bonds (£100 million) – (22) – (22) 5.75% Undated Subordinated Step-up Notes (£600 million) – (4) – (4) 7.625% Dated Subordinated Notes 2025 (£750 million) – – (502) (502) (1,654) (26) (502) (2,182) Foreign exchange movements (6) – 521 515 Other movements (cash and non-cash) 2 (1) 2 (1,236) (1,235) At 31 December 2022 – 146 6,447 6,593 1 Issuances in the year generated cash inflows of £837 million (2021: £3,262 million); the repurchases and redemptions resulted in cash outflows of £2,216 million (2021: £3,745 million). 2 Other movements include cash payments in respect of interest on subordinated liabilities in the year amounted to £397 million (2021: £525 million) offset by the interest expense in respect of subordinated liabilities of £367 million (2021: £634 million). Certain of the above securities were issued or redeemed under exchange offers, which did not result in an extinguishment of the original financial liability for accounting purposes. These securities will, in the event of the winding-up of the issuer, be subordinated to the claims of depositors and all other creditors of the issuer, other than creditors whose claims rank equally with, or are junior to, the claims of the holders of the subordinated liabilities. The subordination of specific subordinated liabilities is determined in respect of the issuer and any guarantors of that liability. The claims of holders of preference shares and preferred securities are generally junior to those of the holders of undated subordinated liabilities, which in turn are junior to the claims of holders of the dated subordinated liabilities. The Group has not had any defaults of principal or interest or other breaches with respect to its subordinated liabilities during 2022 (2021: none). The Bank has in issue various classes of preference shares which are all classified as liabilities under accounting standards. The rights and obligations attaching to these shares are set out in the Bank’s articles of association. |
SHARE CAPITAL
SHARE CAPITAL | 12 Months Ended |
Dec. 31, 2022 | |
Disclosure of classes of share capital [abstract] | |
SHARE CAPITAL | NOTE 31: SHARE CAPITAL (1) Authorised share capital As permitted by the Companies Act 2006, the Bank has removed references to authorised share capital from its articles of association. (2) Issued and fully paid ordinary shares 2022 Number of shares 2021 Number of shares 2020 Number of shares 2022 £m 2021 £m 2020 £m Ordinary shares of £1 each At 1 January 1,574,285,752 1,574,285,752 1,574,285,751 1,574 1,574 1,574 Issued in the year – – 1 – – – At 31 December 1,574,285,752 1,574,285,752 1,574,285,752 1,574 1,574 1,574 (3) Share capital and control There are no limitations on voting rights or restrictions on the transfer of shares in the Bank other than as set out in the articles of association, and certain restrictions which may from time to time be imposed by law and regulations (for example, insider trading laws). Ordinary shares The holders of ordinary shares are entitled to receive the Bank’s report and accounts, attend, speak and vote at general meetings and appoint proxies to exercise voting rights. Holders of ordinary shares may also receive a dividend (subject to the provisions of the Bank’s articles of association) and on a winding up may share in the assets of the Bank. Issued and fully paid preference shares The Bank has in issue various classes of preference shares which are all classified as liabilities under accounting standards and which are included in note 30. |
SHARE PREMIUM ACCOUNT
SHARE PREMIUM ACCOUNT | 12 Months Ended |
Dec. 31, 2022 | |
Disclosure For Share Premium Account Explanatory [Abstract] | |
SHARE PREMIUM ACCOUNT | NOTE 32: SHARE PREMIUM ACCOUNT 2022 £m 2021 £m 2020 £m At 1 January and 31 December 600 600 600 |
OTHER RESERVES
OTHER RESERVES | 12 Months Ended |
Dec. 31, 2022 | |
Disclosure of reserves within equity [abstract] | |
OTHER RESERVES | NOTE 33: OTHER RESERVES 2022 £m 2021 £m 2020 £m Merger reserve 1 6,348 6,348 6,348 Revaluation reserve in respect of debt securities held at fair value through other comprehensive income (393) (362) (558) Revaluation reserve in respect of equity shares held at fair value through other comprehensive income – – – Cash flow hedging reserve (5,168) (451) 1,507 Foreign currency translation reserve (44) (135) (116) At 31 December 743 5,400 7,181 1 There has been no movements in this reserve in 2022, 2021 or 2020. The merger reserve arose on the transfer of HBOS plc from the Bank’s ultimate holding company in January 2010. The revaluation reserves in respect of debt securities and equity shares held at fair value through other comprehensive income represent the cumulative after-tax unrealised change in the fair value of financial assets so classified since initial recognition; or in the case of financial assets obtained on acquisitions of businesses, since the date of acquisition. The cash flow hedging reserve represents the cumulative after-tax gains and losses on effective cash flow hedging instruments that will be reclassified to the income statement in the periods in which the hedged item affects profit or loss. The foreign currency translation reserve represents the cumulative after-tax gains and losses on the translation of foreign operations and exchange differences arising on financial instruments designated as hedges of the Group’s net investment in foreign operations. Movements in other reserves were as follows: Revaluation reserve in respect of debt securities held at fair value through other comprehensive income 2022 £m 2021 £m 2020 £m At 1 January (362) (558) (538) Change in fair value (132) 137 46 Deferred tax 34 (44) 29 Current tax 8 – (2) (90) 93 73 Income statement transfers in respect of disposals (note 8) 76 116 (145) Deferred tax (23) (11) 47 53 105 (98) Impairment recognised in the income statement 6 (2) 5 At 31 December (393) (362) (558) Revaluation reserve in respect of equity shares held at fair value through other comprehensive income 2022 £m 2021 £m 2020 £m At 1 January – – – Change in fair value – – – Deferred tax (1) 1 (16) (1) 1 (16) Realised gains and losses transferred to retained profits – – – Deferred tax 1 (1) 16 1 (1) 16 At 31 December – – – Cash flow hedging reserve 2022 £m 2021 £m 2020 £m At 1 January (451) 1,507 1,556 Change in fair value of hedging derivatives (6,520) (2,138) 709 Deferred tax 1,803 606 (229) (4,717) (1,532) 480 Net income statement transfers (1) (584) (727) Deferred tax 1 158 198 – (426) (529) At 31 December (5,168) (451) 1,507 Foreign currency translation reserve 2022 £m 2021 £m 2020 £m At 1 January (135) (116) (116) Currency translation differences arising in the year 91 (19) – At 31 December (44) (135) (116) |
RETAINED PROFITS
RETAINED PROFITS | 12 Months Ended |
Dec. 31, 2022 | |
Disclosure of Retained Profits [Abstract] | |
RETAINED PROFITS | NOTE 34: RETAINED PROFITS 2022 £m 2021 £m 2020 £m At 1 January 28,836 25,750 24,549 Profit attributable to ordinary shareholders 4,528 4,826 1,023 Post-retirement defined benefit scheme remeasurements (2,152) 1,062 113 Gains and losses attributable to own credit risk (net of tax) 1 364 (52) (55) Dividends paid (note 36) – (2,900) – Issue of other equity instruments – (1) – Repurchases and redemptions of other equity instruments – (9) – Capital contributions received 221 164 140 Return of capital contributions (4) (4) (4) Change in non-controlling interests – (1) – Realised gains and losses on equity shares held at fair value through other comprehensive income (1) 1 (16) At 31 December 31,792 28,836 25,750 1 During 2020 the Group derecognised, on redemption, financial liabilities on which cumulative fair value movements relating to own credit of £1 million net of tax (2022: £nil; 2021: £nil), had been recognised directly in retained profits. |
OTHER EQUITY INSTRUMENTS
OTHER EQUITY INSTRUMENTS | 12 Months Ended |
Dec. 31, 2022 | |
Disclosure Of Other Equity Instruments Explanatory [Abstract] | |
OTHER EQUITY INSTRUMENTS | NOTE 35: OTHER EQUITY INSTRUMENTS 2022 £m 2021 £m 2020 £m At 1 January 4,268 5,935 4,865 Issued in the year: £500 million Fixed Rate Reset Additional Tier 1 Perpetual Subordinated Permanent Write-Down Securities – 500 – £750 million Floating Rate Additional Tier 1 Perpetual Subordinated Permanent Write-Down Securities – 750 – £300 million Floating Rate Additional Tier 1 Perpetual Subordinated Permanent Write-Down Securities – 300 – US$500 million Fixed Rate Reset Additional Tier 1 Perpetual Subordinated Permanent Write-Down Securities – – 383 €750 million Fixed Rate Reset Additional Tier 1 Perpetual Subordinated Permanent Write-Down Securities – – 687 – 1,550 1,070 Repurchases and redemptions during the year – (3,217) – Profit for the year attributable to other equity holders 241 344 417 Distributions on other equity instruments (241) (344) (417) At 31 December 4,268 4,268 5,935 The principal terms of the AT1 securities are described below: • The securities rank behind the claims against the Bank of unsubordinated creditors on a winding-up • The fixed rate reset securities bear a fixed rate of interest until the first call date. After the initial call date, in the event that they are not redeemed, the fixed rate reset AT1 securities will bear interest at rates fixed periodically in advance. The floating rate AT1 securities will be reset quarterly both prior to and following the first call date • Interest on the securities will be due and payable only at the sole discretion of the Bank and the Bank may at any time elect to cancel any interest payment (or any part thereof) which would otherwise be payable on any interest payment date. There are also certain restrictions on the payment of interest as specified in the terms • The securities are undated and are repayable, at the option of the Bank, in whole at the first call date, or at any interest payment date thereafter. In addition, the AT1 securities are repayable, at the option of the Bank, in whole for certain regulatory or tax reasons. Any repayments require the prior consent of the PRA • The securities will be subject to a Permanent Write Down should the Common Equity Tier 1 ratio of the Bank fall below 7.0 per cent |
DIVIDENDS ON ORDINARY SHARES
DIVIDENDS ON ORDINARY SHARES | 12 Months Ended |
Dec. 31, 2022 | |
Disclosure of dividends [text block] [Abstract] | |
DIVIDENDS ON ORDINARY SHARES | NOTE 36: DIVIDENDS ON ORDINARY SHARES Dividends paid during the year were as follows: 2022 £m 2021 £m 2020 £m Interim dividends – 2,900 – |
SHARE-BASED PAYMENTS
SHARE-BASED PAYMENTS | 12 Months Ended |
Dec. 31, 2022 | |
Disclosure of share-based payment arrangements [text block] [Abstract] | |
SHARE-BASED PAYMENTS | NOTE 37: SHARE-BASED PAYMENTS During the year ended 31 December 2022 Lloyds Banking Group plc operated a number of share-based payment schemes for which employees of the Lloyds Bank Group were eligible and all of which are equity settled. Details of all schemes operated by Lloyds Banking Group are set out below; these are managed and operated on a Lloyds Banking Group-wide basis. The amount charged to the Group’s income statement in respect of Lloyds Banking Group share-based payment schemes, and which is included within staff costs (note 9), was £351 million (2021: £229 million; 2020: £181 million). During the year ended 31 December 2022 the Lloyds Banking Group operated the following share-based payment schemes, all of which are mainly equity settled. Group Performance Share plan The Group operates a Group Performance Share plan that is part equity settled. Bonuses in respect of employee service in 2022 have been recognised in the charge in line with the proportion of the deferral period completed. Save-As-You-Earn schemes Eligible employees may enter into contracts through the Save-As-You-Earn (SAYE) schemes to save up to £500 per month and, at the expiry of a fixed term of three years, have the option to use these savings within six months of the expiry of the fixed term to acquire shares in the Group at a discounted price of no less than 90 per cent of the market price at the start of the invitation period. Movements in the number of share options outstanding under the SAYE schemes are set out below: 2022 2021 Number Weighted Number Weighted Outstanding at 1 January 1,180,563,291 30.63 1,120,138,915 30.39 Granted 217,611,519 39.38 236,923,744 39.40 Exercised (23,359,526) 37.75 (6,924,434) 30.57 Forfeited (20,961,259) 29.20 (22,815,078) 28.78 Cancelled (47,687,607) 33.88 (51,479,310) 32.57 Expired (49,248,343) 46.29 (95,280,546) 49.03 Outstanding at 31 December 1,256,918,075 31.30 1,180,563,291 30.63 Exercisable at 31 December 263,302 47.92 336,561 51.03 The weighted average share price at the time that the options were exercised during 2022 was £0.49 (2021: £0.47). The weighted average remaining contractual life of options outstanding at the end of the year was 1.88 years (2021: 2.46 years). The weighted average fair value of SAYE options granted during 2022 was £0.07 (2021: £0.09). The fair values of the SAYE options have been determined using a standard Black-Scholes model. Other share option plans Executive Share Plans - buyout and retention awards Share options may be granted to senior employees under the Lloyds Banking Group Executive Share Plan 2003, Lloyds Banking Group Executive Group Ownership Share Plan and the Deferred Bonus Scheme 2021 specifically to facilitate recruitment (to compensate new recruits for any lost share awards), and also to make grants to key individuals for retention purposes. In some instances, grants may be made subject to individual performance conditions. Participants are not entitled to any dividends paid during the vesting period. 2022 2021 Number Weighted Number Weighted Outstanding at 1 January 14,032,762 Nil 8,477,084 Nil Granted 10,278,224 Nil 13,610,204 Nil Exercised (3,333,322) Nil (7,110,663) Nil Vested – Nil – Nil Forfeited (33,409) Nil (385,184) Nil Lapsed (477,784) Nil (558,679) Nil Outstanding at 31 December 20,466,471 Nil 14,032,762 Nil Exercisable at 31 December 1,638,202 Nil 708,939 Nil The weighted average fair value of options granted in the year was £0.44 (2021: £0.42). The fair values of options granted have been determined using a standard Black-Scholes model. The weighted average share price at the time that the options were exercised during 2022 was £0.46 (2021: £0.43). The weighted average remaining contractual life of options outstanding at the end of the year was 6.0 years (2021: 6.3 years). Included in the above are awards to the Chief Financial Officer and the Group Chief Executive. William Chalmers joined the Group on 3 June 2019 and was appointed as Chief Financial Officer on 1 August 2019. He was granted deferred share awards over 4,086,632 shares, to replace unvested awards from his former employer, Morgan Stanley, that were forfeited as a result of him joining the Group. 2022 Number of shares 2021 Number of shares Outstanding at 1 January 686,085 1,810,712 Exercised (686,085) (1,124,627) Outstanding at 31 December – 686,085 Charlie Nunn joined the Group on 16 August 2021 as Group Chief Executive. He was granted deferred share awards over 8,301,708 shares to replace unvested awards from his former employer, HSBC, that were forfeited as a result of him joining the Group. 2022 Number of shares 2021 Number of shares Outstanding at 1 January 7,444,787 – Granted – 8,301,708 Exercised (859,340) (856,921) Outstanding at 31 December 6,585,447 7,444,787 The weighted average fair value of awards granted in 2021 was £0.40. Other share plans Lloyds Banking Group Executive Group Ownership Share Plan The plan, introduced in 2006, is aimed at delivering shareholder value by linking the receipt of shares to an improvement in the performance of the Group over a three At the end of the performance period for the 2019 grant, the targets had not been fully met and therefore these awards vested in 2022 at a rate of 41.80 per cent. 2022 Number of shares 2021 Number of shares Outstanding at 1 January 350,873,627 533,987,527 Granted – – Vested (50,703,778) (39,621,415) Forfeited (98,741,356) (144,437,243) Dividend award 966,016 944,758 Outstanding at 31 December 202,394,509 350,873,627 Awards in respect of the 2020 grant are due to vest in 2023 at a rate of 43.70% per cent. In previous years participants were entitled to any dividends paid in the vesting period. However, following a regulatory change prohibiting the payment of dividends on such awards, the number of shares awarded has been determined by applying a discount factor to the share price on award to exclude the value of estimated future dividends. Lloyds Banking Group Long Term Share Plan The plan, introduced in 2021, replaced the Executive Group Ownership Share Plan and is intended to provide alignment to the Group’s aim of delivering sustainable returns to shareholders, supported by its values and behaviours. 2022 Number of shares 2021 Number of shares Outstanding at 1 January 77,883,068 – Granted 108,513,202 83,456,304 Vested – – Forfeited (14,448,527) (5,573,236) Dividend award – – Outstanding at 31 December 171,947,743 77,883,068 The weighted average fair value of awards granted in the year was £0.36 (2021: £0.36). Assumptions at 31 December 2022 The fair value calculations at 31 December 2022 for grants made in the year, using Black-Scholes models and Monte Carlo simulation, are based on the following assumptions: SAYE Executive Long Term Share Plan Weighted average risk-free interest rate 4.33% 3.20% 1.01% Weighted average expected life 3.3 years 1.2 years 3.6 years Weighted average expected volatility 28% 27% 33% Weighted average expected dividend yield 5.3% 5.3% 5.3% Weighted average share price £0.42 £0.47 £0.43 Weighted average exercise price £0.39 Nil Nil Expected volatility is a measure of the amount by which the Group’s shares are expected to fluctuate during the life of an option. The expected volatility is estimated based on the historical volatility of the closing daily share price over the most recent period that is commensurate with the expected life of the option. The historical volatility is compared to the implied volatility generated from market traded options in the Group’s shares to assess the reasonableness of the historical volatility and adjustments made where appropriate. Share Incentive Plans Free shares An award of shares may be made annually to employees up to a maximum of £3,600. The shares awarded are held in trust for a mandatory period of three three No award was made in 2022. On 25 March 2021, the Group made an award of 1,017 shares to all eligible employees. The number of shares awarded was 67,658,976, with an average fair value of £0.42 based on the market price at the date of award. Matching shares The Group undertakes to match shares purchased by employees up to the value of £45 per month; these matching shares are held in trust for a mandatory period of three years on the employee’s behalf, during which period the employee is entitled to any dividends paid on such shares. The award is subject to a non-market based condition: if an employee leaves within this three-year period for other than a ‘good’ reason, all of the matching shares are forfeited. Similarly, if the employees sell their purchased shares within three years, their matching shares are forfeited. The number of shares awarded relating to matching shares in 2022 was 43,378,504 (2021: 46,621,026), with an average fair value of £0.45 (2021: £0.44), based on market prices at the date of award. Fixed share awards Fixed share awards were introduced in 2014 in order to ensure that total fixed remuneration is commensurate with role and to provide a competitive reward package for certain Lloyds Banking Group employees, with an appropriate balance of fixed and variable remuneration, in line with regulatory requirements. The fixed share awards are delivered in Lloyds Banking Group plc shares, and were initially released over five The fixed share award is not subject to any performance conditions, performance adjustment or clawback. On an employee leaving the Group, there is no change to the timeline for which shares will become unrestricted. |
RELATED PARTY TRANSACTIONS
RELATED PARTY TRANSACTIONS | 12 Months Ended |
Dec. 31, 2022 | |
Disclosure of related party [Abstract] | |
RELATED PARTY TRANSACTIONS | NOTE 38: RELATED PARTY TRANSACTIONS Key management personnel Key management personnel are those persons having authority and responsibility for planning, directing and controlling the activities of an entity; the Group’s key management personnel are the members of the Lloyds Banking Group plc Group Executive Committee together with its non-executive directors. The table below details, on an aggregated basis, key management personnel compensation: 2022 £m 2021 £m 2020 £m Compensation Salaries and other short-term benefits 11 10 12 Post-employment benefits – – – Share-based payments 14 14 12 Total compensation 25 24 24 The aggregate of the emoluments of the directors was £9.2 million (2021: £10.6 million; 2020: £11.8 million). Aggregate contributions in respect of key management personnel to defined contribution pension schemes were £nil (2021: £nil; 2020: £nil). The total for the highest paid director (Charlie Nunn) was £5,160,000 million (2021: Sir António Horta-Osório: £3,117,000; 2020: Juan Colombás: £4,169,000); this did not include any gain on exercise of Lloyds Banking Group plc shares in any year. 2022 million 2021 million 2020 million Share options over Lloyds Banking Group plc shares At 1 January – – – Granted, including certain adjustments (includes entitlements of appointed key management personnel) – – – Exercised/lapsed (includes entitlements of former key management personnel) – – – At 31 December – – – 2022 million 2021 million 2020 million Share plans settled in Lloyds Banking Group plc shares At 1 January 74 117 101 Granted, including certain adjustments (includes entitlements of appointed key management personnel) 29 19 46 Exercised/lapsed (includes entitlements of former key management personnel) (31) (62) (30) At 31 December 72 74 117 The tables below detail, on an aggregated basis, balances outstanding at the year end and related income and expense, together with information relating to other transactions between the Group and its key management personnel: 2022 £m 2021 £m 2020 £m Loans At 1 January 3 2 2 Advanced (includes loans to appointed key management personnel) 1 1 – Repayments (includes loans to former key management personnel) (2) – – At 31 December 2 3 2 The loans are on both a secured and unsecured basis and are expected to be settled in cash. The loans attracted interest rates of between 1.01 per cent and 30.15 per cent in 2022 (2021: 0.39 per cent and 22.93 per cent; 2020: 0.39 per cent and 24.20 per cent). No provisions have been recognised in respect of loans given to key management personnel (2021 and 2020: £nil). 2022 £m 2021 £m 2020 £m Deposits At 1 January 11 11 23 Placed (includes deposits of appointed key management personnel) 37 26 26 Withdrawn (includes deposits of former key management personnel) (38) (26) (38) At 31 December 10 11 11 Deposits placed by key management personnel attracted interest rates of up to 5.0 per cent (2021: 1.0 per cent; 2020: 2.0 per cent). At 31 December 2022, the Group did not provide any guarantees in respect of key management personnel (2021 and 2020: none). At 31 December 2022, transactions, arrangements and agreements entered into by the Group and its banking subsidiaries with directors and connected persons included amounts outstanding in respect of loans and credit card transactions of £2.1 thousand with three directors and no connected persons (2021: £0.6 million with five directors and two connected persons; 2020: £0.6 million with five directors and two connected persons). Balances and transactions with fellow Lloyds Banking Group undertakings Balances and transactions between members of the Lloyds Bank Group In accordance with IFRS 10 Consolidated Financial Statements , transactions and balances between the Bank and its subsidiary undertakings, and between those subsidiary undertakings, have all been eliminated on consolidation and thus are not reported as related party transactions of the Group. Balances and transactions with Lloyds Banking Group plc and fellow subsidiaries of the Bank The Bank and its subsidiaries have balances due to and from the Bank’s parent company, Lloyds Banking Group plc and fellow subsidiaries of the Bank. These are included on the Group's balance sheet as follows: 2022 £m 2021 £m Assets, included within: Derivative financial instruments 1,120 634 Financial assets at amortised cost: due from fellow Lloyds Banking Group undertakings 816 739 1,936 1,373 Liabilities, included within: Due to fellow Lloyds Banking Group undertakings 2,539 1,490 Derivative financial instruments 1,084 939 Debt securities in issue 17,648 17,961 Subordinated liabilities 6,490 5,176 27,761 25,566 These balances include Lloyds Banking Group plc’s banking arrangements and, due to the size and volume of transactions passing through these accounts, it is neither practical nor meaningful to disclose information on gross inflows and outflows. During 2022 the Group earned £11 million interest income on the above asset balances (2021: £11 million; 2020: £5 million) and the Group incurred £666 million interest expense on the above liability balances (2021: £500 million; 2020: £478 million). Details of contingent liabilities and commitments entered into on behalf of fellow Lloyds Banking Group undertakings are given in note 39. Other related party transactions Pension funds The Group provides banking services to certain of its pension funds. At 31 December 2022, customer deposits of £155 million (2021: £480 million) related to the Group’s pension funds. Joint ventures and associates At 31 December 2022 there were loans and advances to customers of £21 million (2021: £14 million) outstanding and balances within customer deposits of £58 million (2021: £22 million) relating to joint ventures and associates. During the year the Group paid fees of £5 million (2021: £7 million) to the Lloyds Banking Group's Schroders Personal Wealth joint venture and also made a payment of £18 million (2021: £10 million) under the terms of agreements put in place on the establishment of the joint venture. |
CONTINGENT LIABILITIES, COMMITM
CONTINGENT LIABILITIES, COMMITMENTS AND GUARANTEES | 12 Months Ended |
Dec. 31, 2022 | |
Disclosure of commitments and contingent liabilities [Abstract] | |
CONTINGENT LIABILITIES, COMMITMENTS AND GUARANTEES | NOTE 39: CONTINGENT LIABILITIES, COMMITMENTS AND GUARANTEES Interchange fees With respect to multi-lateral interchange fees (MIFs), the Lloyds Banking Group is not a party 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 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. LIBOR and other trading rates Certain Lloyds Banking Group companies, together with other panel banks, have been named as defendants in ongoing private lawsuits, including purported class action suits, in the US in connection with their roles as panel banks contributing to the setting of US Dollar, Japanese Yen and Sterling London Interbank Offered Rate and the Australian BBSW reference rate. Certain Lloyds Banking Group companies are also named as defendants in (i) UK-based claims; and (ii) two Dutch class actions, raising LIBOR manipulation allegations. A number of claims against the Lloyds Banking Group in the UK relating to the alleged mis-sale of interest rate hedging products also include allegations of LIBOR manipulation. It is currently not possible to predict the scope and ultimate outcome on the Lloyds Banking Group of any private lawsuits or any related challenges to the interpretation or validity of any of the Lloyds Banking Group’s contractual arrangements, including their timing and scale. As such, it is not practicable to provide an estimate of any potential financial effect. Tax authorities The Lloyds Banking Group has an open matter in relation to a claim for group relief of losses incurred in its former Irish banking subsidiary, which ceased trading on 31 December 2010. In 2013, HMRC informed the Lloyds Banking Group that its interpretation of the UK rules means that the group relief is not available. In 2020, HMRC concluded their enquiry into the matter and issued a closure notice. The Lloyds Banking Group’s interpretation of the UK rules has not changed and hence it has appealed to the First Tier Tax Tribunal, with a hearing expected in 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 £760 million (including interest) and a reduction in the Group's deferred tax asset of approximately £295 million. The Lloyds Banking Group, having taken appropriate advice, does not consider that this is a case where additional tax will ultimately fall due. There are a number of other open matters on which the Group is in discussions with HMRC (including the tax treatment of certain costs arising from the divestment of TSB Banking Group plc), none of which is expected to have a material impact on the financial position of the Group. Motor commission review Following the FCA’s Motor Market review, the Group has received a number of complaints, some of which are with the Financial Ombudsman Service, in respect of commission arrangements. It is currently not possible to predict the ultimate outcome of the complaints, including the financial impact or the scope or nature of remediation requirements, if any, or any related challenges to the interpretation or validity of any of the Group’s historical motor commission arrangements. Other legal actions and regulatory matters In addition, in the course of its business the Group is subject to other complaints and threatened or actual legal proceedings (including class or group action claims) brought by or on behalf of current or former employees, customers, investors or other third parties, as well as legal and regulatory reviews, challenges, investigations and enforcement actions, which could relate to a number of issues, including financial, environmental or other regulatory matters, both in the UK and overseas. Where material, such matters are periodically reassessed, with the assistance of external professional advisers where appropriate, to determine the likelihood of the Group incurring a liability. In those instances where it is concluded that it is more likely than not that a payment will be made, a provision is established based on management’s best estimate of the amount required at the relevant balance sheet date. In some cases it will not be possible to form a view, for example because the facts are unclear or because further time is needed to assess properly the merits of the case, and no provisions are held in relation to such matters. In these circumstances, specific disclosure in relation to a contingent liability will be made where material. However, the Group does not currently expect the final outcome of any such case to have a material adverse effect on its financial position, operations or cash flows. Where there is a contingent liability related to an existing provision the relevant disclosures are included within note 29. Contingent liabilities, commitments and guarantees arising from the banking business 2022 £m 2021 £m Contingent liabilities Acceptances and endorsements 58 21 Other: Other items serving as direct credit substitutes 781 433 Performance bonds, including letters of credit, and other transaction-related contingencies 2,061 1,886 2,842 2,319 Total contingent liabilities 2,900 2,340 The contingent liabilities of the Group arise in the normal course of banking business and it is not practicable to quantify their future financial effect. 2022 £m 2021 £m Commitments and guarantees Forward asset purchases and forward deposits placed 39 60 Undrawn formal standby facilities, credit lines and other commitments to lend: Less than 1 year original maturity: Mortgage offers made 17,068 17,757 Other commitments and guarantees 74,242 79,830 91,310 97,587 1 year or over original maturity 36,020 30,037 Total commitments and guarantees 127,369 127,684 Of the amounts shown above in respect of undrawn formal standby facilities, credit lines and other commitments to lend, £57,782 million (2021: £55,690 million) was irrevocable. Capital commitments Capital expenditure contracted but not provided for at 31 December 2022 amounted to £1,663 million (2021: £1,034 million). Of this amount, £1,663 million (2021: £1,034 million) related to assets to be leased to customers under operating leases. The Group’s management is confident that future net revenues and funding will be sufficient to cover these commitments. |
STRUCTURED ENTITIES
STRUCTURED ENTITIES | 12 Months Ended |
Dec. 31, 2022 | |
Disclosure of unconsolidated structured entities [abstract] | |
STRUCTURED ENTITIES | NOTE 40: STRUCTURED ENTITIES The Group’s interests in structured entities are consolidated. Details of the Group’s interests in these structured entities are set out in note 25 for securitisations and covered bond vehicles, note 27 for structured entities associated with the Group’s pension schemes, and below. Asset-backed conduits In addition to the structured entities discussed in note 25, which are used for securitisation and covered bond programmes, the Group sponsors an active asset-backed conduit, Cancara, which invests in client receivables and debt securities. The total consolidated exposure of Cancara at 31 December 2022 was £2,357 million (2021: £1,745 million), comprising £1,464 million of loans and advances (2021: £889 million), £850 million of debt securities (2021: £780 million) and £43 million of financial assets at fair value through profit or loss (2021: £76 million). All lending assets and debt securities held by the Group in Cancara are restricted in use, as they are held by the collateral agent for the benefit of the commercial paper investors and the liquidity providers only. The Group provides liquidity facilities to Cancara under terms that are usual and customary for standard lending activities in the normal course of the Group’s banking activities. During 2022 there have continued to be planned drawdowns on certain liquidity facilities for balance sheet management purposes, supporting the programme to provide funding alongside the proceeds of the asset-backed commercial paper issuance. The Group could be asked to provide support under the contractual terms of these arrangements including, for example, if Cancara experienced a shortfall in external funding, which may occur in the event of market disruption. The external assets in Cancara are consolidated in the Group’s financial statements. |
FINANCIAL INSTRUMENTS
FINANCIAL INSTRUMENTS | 12 Months Ended |
Dec. 31, 2022 | |
Disclosure of detailed information about financial instruments [abstract] | |
FINANCIAL INSTRUMENTS | NOTE 41: FINANCIAL INSTRUMENTS (1) Measurement basis of financial assets and liabilities The accounting policies in note 2 describe how different classes of financial instruments are measured, and how income and expenses, including fair value gains and losses, are recognised. The following table analyses the carrying amounts of the financial assets and liabilities by category and by balance sheet heading. Derivatives Mandatorily held at Designated At fair value Held at Total Held for Other At 31 December 2022 Financial assets Cash and balances at central banks – – – – – 72,005 72,005 Items in the course of collection from banks – – – – – 229 229 Financial assets at fair value through profit or loss – – 1,371 – – – 1,371 Derivative financial instruments 19 3,838 – – – – 3,857 Loans and advances to banks – – – – – 8,363 8,363 Loans and advances to customers – – – – – 435,627 435,627 Reverse repurchase agreements – – – – – 39,259 39,259 Debt securities – – – – – 7,331 7,331 Due from fellow Lloyds Banking Group undertakings – – – – – 816 816 Financial assets at amortised cost – – – – – 491,396 491,396 Financial assets at fair value through other comprehensive income – – – – 22,846 – 22,846 Total financial assets 19 3,838 1,371 – 22,846 563,630 591,704 Financial liabilities Deposits from banks – – – – – 4,658 4,658 Customer deposits – – – – – 446,172 446,172 Repurchase agreements at amortised cost – – – – – 48,590 48,590 Due to fellow Lloyds Banking Group undertakings – – – – – 2,539 2,539 Items in course of transmission to banks – – – – – 357 357 Financial liabilities at fair value through profit or loss – – – 5,159 – – 5,159 Derivative financial instruments 506 5,385 – – – – 5,891 Notes in circulation – – – – – 1,280 1,280 Debt securities in issue – – – – – 49,056 49,056 Other – – – – – 1,260 1,260 Subordinated liabilities – – – – – 6,593 6,593 Total financial liabilities 506 5,385 – 5,159 – 560,505 571,555 Derivatives Mandatorily held at Designated At fair value Held at Total Held for Other At 31 December 2021 Financial assets Cash and balances at central banks – – – – – 54,279 54,279 Items in the course of collection from banks – – – – – 147 147 Financial assets at fair value through profit or loss – – 1,798 – – – 1,798 Derivative financial instruments 55 5,456 – – – – 5,511 Loans and advances to banks – – – – – 4,478 4,478 Loans and advances to customers – – – – – 430,829 430,829 Reverse repurchase agreements – – – – – 49,708 49,708 Debt securities – – – – – 4,562 4,562 Due from fellow Lloyds Banking Group undertakings – – – – – 739 739 Financial assets at amortised cost – – – – – 490,316 490,316 Financial assets at fair value through other comprehensive income – – – – 27,786 – 27,786 Total financial assets 55 5,456 1,798 – 27,786 544,742 579,837 Financial liabilities Deposits from banks – – – – – 3,363 3,363 Customer deposits – – – – – 449,373 449,373 Repurchase agreements at amortised cost – – – – – 30,106 30,106 Due to fellow Lloyds Banking Group undertakings – – – – – 1,490 1,490 Items in course of transmission to banks – – – – – 308 308 Financial liabilities at fair value through profit or loss – – – 6,537 – – 6,537 Derivative financial instruments 315 4,328 – – – – 4,643 Notes in circulation – – – – – 1,321 1,321 Debt securities in issue – – – – – 48,724 48,724 Other – – – – – 1,411 1,411 Subordinated liabilities – – – – – 8,658 8,658 Total financial liabilities 315 4,328 – 6,537 – 544,754 555,934 (2) Fair value measurement Fair value is the price that would be received on sale of an asset or paid to transfer a liability in an orderly transaction between market participants at the measurement date. It is a measure as at a specific date and may be significantly different from the amount which will actually be paid or received on maturity or settlement date. Wherever possible, fair values have been calculated using unadjusted quoted market prices in active markets for identical instruments to those held by the Group. Where quoted market prices are not available, or are unreliable because of poor liquidity, fair values have been determined using valuation techniques which, to the extent possible, use market observable inputs, but in some cases use non-market observable inputs. Valuation techniques used include discounted cash flow analysis and pricing models and, where appropriate, comparison to instruments with characteristics similar to those of the instruments held by the Group. The Group measures valuation adjustments for its derivative exposures on the same basis as the derivatives are managed. The carrying amount of the following financial instruments is a reasonable approximation of fair value: cash and balances at central banks, items in the course of collection from banks, items in course of transmission to banks and notes in circulation. Because a variety of estimation techniques are employed and significant estimates made, comparisons of fair values between financial institutions may not be meaningful. Readers of these financial statements are thus advised to use caution when using this data to evaluate the Group’s financial position. Fair value information is not provided for items that are not financial instruments or for other assets and liabilities which are not carried at fair value in the Group’s consolidated balance sheet. These items include intangible assets, such as brands and acquired credit card relationships; premises and equipment; and shareholders’ equity. These items are material and accordingly the Group believes that any fair value information presented would not represent the underlying value of the Group. Valuation control framework The key elements of the control framework for the valuation of financial instruments include model validation, product implementation review and independent price verification. These functions are carried out by appropriately skilled risk and finance teams, independent of the business area responsible for the products. Model validation covers both qualitative and quantitative elements relating to new models. In respect of new products, a product implementation review is conducted pre and post-trading. Pre-trade testing ensures that the new model is integrated into the Group’s systems and that the profit and loss and risk reporting are consistent throughout the trade lifecycle. Post-trade testing examines the explanatory power of the implemented model, actively monitoring model parameters and comparing in-house pricing to external sources. Independent price verification procedures cover financial instruments carried at fair value. The frequency of the review is matched to the availability of independent data, monthly being the minimum. Valuation differences in breach of established thresholds are escalated to senior management. The results from independent pricing and valuation reserves are reviewed monthly by senior management. Formal committees, consisting of senior risk, finance and business management, meet at least quarterly to discuss and approve valuations in more judgemental areas, in particular for unquoted equities, structured credit, over-the-counter options and the credit valuation adjustment (CVA), funding valuation adjustment (FVA) and other valuation adjustments. Valuation of financial assets and liabilities Assets and liabilities carried at fair value or for which fair values are disclosed have been classified into three levels according to the quality and reliability of information used to determine the fair values. Level 1 Level 1 fair value measurements are those derived from unadjusted quoted prices in active markets for identical assets or liabilities. Products classified as level 1 predominantly comprise listed equity shares, treasury bills and other government securities. Level 2 Level 2 valuations are those where quoted market prices are not available, for example where the instrument is traded in a market that is not considered to be active or valuation techniques are used to determine fair value and where these techniques use inputs that are based significantly on observable market data. Examples of such financial instruments include most over-the-counter derivatives, financial institution issued securities, certificates of deposit and certain asset-backed securities. Level 3 Level 3 portfolios are those where at least one input which could have a significant effect on the instrument’s valuation is not based on observable market data. Such instruments would include any unlisted equity investments which are valued using various valuation techniques that require significant management judgement in determining appropriate assumptions, including earnings multiples and estimated future cash flows. Certain of the Group’s asset-backed securities and derivatives, principally where there is no trading activity in such securities, are also classified as level 3. Transfers out of the level 3 portfolio arise when inputs that could have a significant impact on the instrument’s valuation become market observable after previously having been non-market observable. In the case of asset-backed securities this can arise if more than one consistent independent source of data becomes available. Conversely, transfers into the portfolio arise when consistent sources of data cease to be available. (3) Financial assets and liabilities carried at fair value (A) Financial assets, excluding derivatives Valuation hierarchy At 31 December 2022, the Group’s financial assets carried at fair value, excluding derivatives, totalled £24,217 million (2021: £29,584 million). The table below analyses these financial assets by balance sheet classification, asset type and valuation methodology (level 1, 2 or 3, as described on page F- 84 Level 1 Level 2 Level 3 Total At 31 December 2022 Financial assets at fair value through profit or loss Loans and advances to customers – 841 291 1,132 Equity shares 235 – 4 239 Total financial assets at fair value through profit or loss 235 841 295 1,371 Financial assets at fair value through other comprehensive income Debt securities: Government securities 10,839 357 – 11,196 Asset-backed securities – 87 51 138 Corporate and other debt securities 531 10,980 – 11,511 11,370 11,424 51 22,845 Equity shares – – 1 1 Total financial assets at fair value through other comprehensive income 11,370 11,424 52 22,846 Total financial assets carried at fair value, excluding derivatives 11,605 12,265 347 24,217 At 31 December 2021 Financial assets at fair value through profit or loss Loans and advances to customers – 1,164 395 1,559 Equity shares 235 – 4 239 Total financial assets at fair value through profit or loss 235 1,164 399 1,798 Financial assets at fair value through other comprehensive income Debt securities: Government securities 14,599 – – 14,599 Asset-backed securities – – 55 55 Corporate and other debt securities 640 12,491 – 13,131 15,239 12,491 55 27,785 Equity shares – – 1 1 Total financial assets at fair value through other comprehensive income 15,239 12,491 56 27,786 Total financial assets carried at fair value, excluding derivatives 15,474 13,655 455 29,584 Movements in level 3 portfolio The table below analyses movements in level 3 financial assets, excluding derivatives, carried at fair value (recurring measurement). 2022 2021 Financial Financial Total level 3 Financial Financial Total level 3 At 1 January 399 56 455 1,511 65 1,576 Exchange and other adjustments – 3 3 2 (2) – Losses recognised in the income statement within other income (20) (3) (23) (72) – (72) Losses recognised in other comprehensive income within the revaluation reserve in respect of financial assets at fair value through other comprehensive income – – – – (2) (2) Purchases/increases to customer loans 3 – 3 397 – 397 Sales/repayments of customer loans (87) (4) (91) (794) (5) (799) Transfers into the level 3 portfolio – – – 4 – 4 Transfers out of the level 3 portfolio – – – (649) – (649) At 31 December 295 52 347 399 56 455 Losses recognised in the income statement, within other income, relating to the change in fair value of those assets held at 31 December (19) – (19) (60) – (60) Valuation methodology for financial assets, excluding derivatives Loans and advances to customers and banks The fair value of these assets is determined using discounted cash flow techniques. The discount rates are derived from market observable interest rates, a risk margin that reflects loan credit ratings and an incremental illiquidity premium based on historical spreads at origination on similar loans. Debt securities Debt securities measured at fair value and classified as level 2 are valued by discounting expected cash flows using an observable credit spread applicable to the particular instrument. Where there is limited trading activity in debt securities, the Group uses valuation models, consensus pricing information from third-party pricing services and broker or lead manager quotes to determine an appropriate valuation. Debt securities are classified as level 3 if there is a significant valuation input that cannot be corroborated through market sources or where there are materially inconsistent values for an input. Asset classes classified as level 3 mainly comprise certain collateralised loan obligations and collateralised debt obligations. (B) Financial liabilities, excluding derivatives Valuation hierarchy At 31 December 2022, the Group’s financial liabilities carried at fair value, excluding derivatives, comprised its financial liabilities at fair value through profit or loss and totalled £5,159 million (2021: £6,537 million). The table below analyses these financial liabilities by balance sheet classification and valuation methodology (level 1, 2 or 3, as described on page F- 84 Level 1 Level 2 Level 3 Total At 31 December 2022 Financial liabilities at fair value through profit or loss Debt securities in issue designated at fair value through profit or loss – 5,133 26 5,159 Total financial liabilities carried at fair value, excluding derivatives – 5,133 26 5,159 At 31 December 2021 Financial liabilities at fair value through profit or loss Debt securities in issue designated at fair value through profit or loss – 6,504 33 6,537 Total financial liabilities carried at fair value, excluding derivatives – 6,504 33 6,537 Movements in level 3 portfolio The table below analyses movements in the level 3 financial liabilities portfolio, excluding derivatives. 2022 £m 2021 £m At 1 January 33 45 Gains recognised in the income statement within other income (3) (5) Redemptions (4) (7) At 31 December 26 33 Gains recognised in the income statement, within other income, relating to the change in fair value of those liabilities held at 31 December (3) (4) Valuation methodology for financial liabilities, excluding derivatives Liabilities held at fair value through profit or loss These principally comprise debt securities in issue which are classified as level 2 and their fair value is determined using techniques whose inputs are based on observable market data. The carrying amount of the securities is adjusted to reflect the effect of changes in own credit spreads and the resulting gain or loss is recognised in other comprehensive income. In the year ended 31 December 2022, the own credit adjustment arising from the fair valuation of £5,159 million (2021: £6,537 million) of the Group’s debt securities in issue designated at fair value through profit or loss resulted in a gain of £519 million (2021: loss of £86 million), before tax, recognised in other comprehensive income. Trading liabilities in respect of securities sold under repurchase agreements The fair value of these liabilities is determined using discounted cash flow techniques. The discount rates are derived from observable repurchase agreement rate curves specific to the type of security sold under the repurchase agreement. (C) Derivatives Valuation hierarchy All of the Group’s derivative assets and liabilities are carried at fair value. At 31 December 2022, such assets totalled £3,857 million (2021: £5,511 million) and liabilities totalled £5,891 million (2021: £4,643 million). The table below analyses these derivative balances by valuation methodology (level 1, 2 or 3, as described on page F- 84 2022 2021 Level 1 Level 2 Level 3 Total Level 1 Level 2 Level 3 Total Derivative assets – 3,857 – 3,857 – 5,495 16 5,511 Derivative liabilities – (5,728) (163) (5,891) – (4,436) (207) (4,643) Movements in level 3 portfolio The table below analyses movements in level 3 derivative assets and liabilities carried at fair value. 2022 2021 Derivative Derivative Derivative Derivative At 1 January 16 (207) 14 (319) Gains recognised in the income statement within other income 1 27 2 93 Purchases (additions) – (9) – – (Sales) redemptions – 25 – 19 Transfers out of the level 3 portfolio (17) 1 – – At 31 December – (163) 16 (207) Gains recognised in the income statement, within other income, relating to the change in fair value of those assets or liabilities held at 31 December – 26 2 69 Valuation methodology for derivatives Where the Group’s derivative assets and liabilities are not traded on an exchange, they are valued using valuation techniques, including discounted cash flow and options pricing models, as appropriate. The types of derivatives classified as level 2 and the valuation techniques used include: • Interest rate swaps which are valued using discounted cash flow models; the most significant inputs into those models are interest rate yield curves which are developed from publicly quoted rates • Foreign exchange derivatives that do not contain options which are priced using rates available from publicly quoted sources • Credit derivatives which are valued using standard models with observable inputs, except for the items classified as level 3, which are valued using publicly available yield and credit default swap (CDS) curves • Less complex interest rate and foreign exchange option products which are valued using volatility surfaces developed from publicly available interest rate cap, interest rate swaption and other option volatilities; option volatility skew information is derived from a market standard consensus pricing service. For more complex option products, the Group calibrates its models using observable at-the-money data; where necessary, the Group adjusts for out-of-the-money positions using a market standard consensus pricing service Complex interest rate and foreign exchange products where inputs to the valuation are significant, material and unobservable are classified as level 3. Where credit protection, usually in the form of credit default swaps, has been purchased or written on asset-backed securities, the security is referred to as a negative basis asset-backed security and the resulting derivative assets or liabilities have been classified as either level 2 or level 3 according to the classification of the underlying asset-backed security. Certain unobservable inputs used to calculate CVA, FVA, and own credit adjustments, are not significant in determining the classification of the derivative and debt instruments. Consequently, these inputs do not form part of the level 3 sensitivities presented. Derivative valuation adjustments Derivative financial instruments which are carried in the balance sheet at fair value are adjusted where appropriate to reflect credit risk, market liquidity and other risks. (i) Uncollateralised derivative valuation adjustments The following table summarises the movement on this valuation adjustment account during 2021 and 2022: 2022 £m 2021 £m At 1 January 154 242 Income statement credit (104) (88) At 31 December 50 154 Represented by: 2022 £m 2021 £m Credit Valuation Adjustment 48 112 Debit Valuation Adjustment (8) (4) Funding Valuation Adjustment 10 46 50 154 Credit and Debit Valuation Adjustments (CVA and DVA) are applied to the Group’s over-the-counter derivative exposures with counterparties that are not subject to strong interbank collateral arrangements. These exposures largely relate to the provision of risk management solutions for corporate customers within the Commercial Banking division. A CVA is taken where the Group has a positive future uncollateralised exposure (asset). A DVA is taken where the Group has a negative future uncollateralised exposure (liability). These adjustments reflect interest rates and expectations of counterparty creditworthiness and the Group’s own credit spread respectively. The CVA is sensitive to: • The current size of the mark-to-market position on the uncollateralised asset • Expectations of future market volatility of the underlying asset • Expectations of counterparty creditworthiness Market Credit Default Swap (CDS) spreads are used to develop the probability of default for quoted counterparties. For unquoted counterparties, internal credit ratings and market sector CDS curves and recovery rates are used. The loss given default (LGD) is based on market recovery rates and internal credit assessments. The combination of a one-notch deterioration in the credit rating of derivative counterparties and a ten per cent increase in LGD increases the CVA by £12 million. Current market value is used to estimate the projected exposure for products not supported by the model, which are principally complex interest rate options that are traded in very low volumes. For these, the CVA is calculated on an add-on basis (although no such adjustment was required at 31 December 2022). The DVA is sensitive to: • The current size of the mark-to-market position on the uncollateralised liability • Expectations of future market volatility of the underlying liability • The Group’s own CDS spread A one per cent rise in the CDS spread would lead to an increase in the DVA of £13 million. The risk exposures that are used for the CVA and DVA calculations are strongly influenced by interest rates. Due to the nature of the Group’s business the CVA/DVA exposures tend to be on average the same way around such that the valuation adjustments fall when interest rates rise. A one per cent rise in interest rates would lead to a £21 million fall in the overall valuation adjustment to £19 million. The CVA model used by the Group does not assume any correlation between the level of interest rates and default rates. The Group has also recognised a Funding Valuation Adjustment to adjust for the net cost of funding uncollateralised derivative positions. This adjustment is calculated on the expected future exposure discounted at a suitable cost of funds. A ten basis points increase in the cost of funds will increase the funding valuation adjustment by £1 million. (ii) Market liquidity The Group includes mid to bid-offer valuation adjustments against the expected cost of closing out the net market risk in the Group’s trading positions within a time frame that is consistent with historical trading activity and spreads that the trading desks have accessed historically during the ordinary course of business in normal market conditions. At 31 December 2022, the Group’s derivative trading business held mid to bid-offer valuation adjustments of £6 million (2021: £12 million). (D) Sensitivity of level 3 valuations 2022 2021 Effect of reasonably possible alternative assumptions 1 Effect of reasonably possible alternative assumptions 1 Valuation Significant 2 Carrying Favourable Unfavourable Carrying Favourable Unfavourable Financial assets at fair value through profit or loss Loans and advances to customers Discounted cash flows Interest rate spreads (+/-50bps) 3 291 25 (23) 395 32 (30) Equity investments n/a 4 2 (2) 4 2 (2) 295 399 Financial assets at fair value through other comprehensive income Asset-backed securities Lead manager or broker quote/consensus pricing n/a 51 4 (4) 55 4 (4) Equity investments n/a 1 – – 1 – – 52 56 Derivative financial assets Interest rate derivatives Option pricing model Interest rate volatility (n/a) 4 – – – 16 – – Level 3 financial assets carried at fair value 347 471 Financial liabilities at fair value through profit or loss Securitisation notes Discounted cash flows Interest rate spreads (+/-50bps) 5 26 1 (1) 33 1 (1) Derivative financial liabilities Interest rate derivatives Option pricing model Interest rate volatility (17%/105%) 6 13 – – 31 – – Shared appreciation rights Market values – property valuation HPI (+/-1%) 7 150 16 (16) 176 19 (18) 163 207 Level 3 financial liabilities carried at fair value 189 240 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. 3 2021: +/- 50bps 4 2021: 31%/59% 5 2021: +/-50bps 6 2021: 13%/168% 7 2021: +/-1% Unobservable inputs Significant unobservable inputs affecting the valuation of debt securities and derivatives are as follows: • Interest rates and inflation rates are referenced in some derivatives where the payoff that the holder of the derivative receives depends on the behaviour of those underlying references through time • Credit spreads represent the premium above the benchmark reference instrument required to compensate for lower credit quality; higher spreads lead to a lower fair value • Volatility parameters represent key attributes of option behaviour; higher volatilities typically denote a wider range of possible outcomes Reasonably possible alternative assumptions Valuation techniques applied to many of the Group’s level 3 instruments often involve the use of two or more inputs whose relationship is interdependent. The calculation of the effect of reasonably possible alternative assumptions included in the table above reflects such relationships. Debt securities Reasonably possible alternative assumptions have been determined in respect of the Group’s structured credit investments by flexing credit spreads. Derivatives Reasonably possible alternative assumptions have been determined in respect of swaptions in the Group’s derivative portfolios which are priced using industry standard option pricing models. Such models require interest rate volatilities which may be unobservable at longer maturities. To derive reasonably possible alternative valuations these volatilities have been flexed within a range. (4) Financial assets and liabilities carried at amortised cost (A) Financial assets Valuation hierarchy The table below analyses the fair values of those financial assets of the Group which are carried at amortised cost by valuation methodology (level 1, 2 or 3, as described on page F- 84 Carrying Fair Valuation hierarchy Level 1 Level 2 Level 3 At 31 December 2022 Loans and advances to banks 8,363 8,363 – – 8,363 Loans and advances to customers 435,627 430,980 – – 430,980 Reverse repurchase agreements 39,259 39,259 – 39,259 – Debt securities 7,331 7,334 167 7,167 – Due from fellow Lloyds Banking Group undertakings 816 816 – – 816 Financial assets at amortised cost 491,396 486,752 167 46,426 440,159 At 31 December 2021 Loans and advances to banks 4,478 4,478 – – 4,478 Loans and advances to customers 430,829 434,280 – – 434,280 Reverse repurchase agreements 49,708 49,708 – 49,708 – Debt securities 4,562 4,615 – 4,615 – Due from fellow Lloyds Banking Group undertakings 739 739 – – 739 Financial assets at amortised cost 490,316 493,820 – 54,323 439,497 Valuation methodology Loans and advances to banks The carrying value of short-dated loans and advances to banks is assumed to be their fair value. The fair value of loans and advances to banks is estimated by discounting the anticipated cash flows at a market discount rate adjusted for the credit spread of the obligor or, where not observable, the credit spread of borrowers of similar credit quality. Loans and advances to customers The Group provides loans and advances to commercial, corporate and personal customers at both fixed and variable rates. Due to their short-term nature, the carrying value of variable rate loans and balances relating to lease financing is assumed to be their fair value. To determine the fair value of loans and advances to customers, loans are segregated into portfolios of similar characteristics. A number of techniques are used to estimate the fair value of fixed rate lending; these take account of expected credit losses based on historic trends, prevailing market interest rates and expected future cash flows. For retail exposures, fair value is usually estimated by discounting anticipated cash flows (including interest at contractual rates) at market rates for similar loans offered by the Group and other financial institutions. Certain loans secured on residential properties are made at a fixed rate for a limited period, typically two Reverse repurchase agreements The carrying amount is deemed a reasonable approximation of fair value given the short-term nature of these instruments. Debt securities The fair values of debt securities are determined predominantly from lead manager quotes and, where these are not available, by alternative techniques including reference to credit spreads on similar assets with the same obligor, market standard consensus pricing services, broker quotes and other research data. (B) Financial liabilities Valuation hierarchy The table below analyses the fair values of those financial liabilities of the Group which are carried at amortised cost by valuation methodology (level 1, 2 or 3, as described on page F- 84 Carrying Fair Valuation hierarchy Level 1 Level 2 Level 3 At 31 December 2022 Deposits from banks 4,658 4,660 – 4,660 – Customer deposits 446,172 445,916 – 445,916 – Repurchase agreements at amortised cost 48,590 48,590 – 48,590 – Due to fellow Lloyds Banking Group undertakings 2,539 2,539 – 2,539 – Debt securities in issue 49,056 48,818 – 48,818 – Subordinated liabilities 6,593 6,760 – 6,760 – At 31 December 2021 Deposits from banks 3,363 3,364 – 3,364 – Customer deposits 449,373 449,455 – 449,455 – Repurchase agreements at amortised cost 30,106 30,106 – 30,106 – Due to fellow Lloyds Banking Group undertakings 1,490 1,490 – 1,490 – Debt securities in issue 48,724 50,683 – 50,683 – Subordinated liabilities 8,658 9,363 – 9,363 – Valuation methodology Deposits from banks and customer deposits The fair value of bank and customer deposits repayable on demand is assumed to be equal to their carrying value. The fair value for all other deposits is estimated using discounted cash flows applying either market rates, where applicable, or current rates for deposits of similar remaining maturities. Repurchase agreements The carrying amount is deemed a reasonable approximation of fair value given the short-term nature of these instruments. Debt securities in issue The fair value of short-term debt securities in issue is approximately equal to their carrying value. Fair value for other debt securities in issue is calculated based on quoted market prices where available. Where quoted market prices are not available, fair value is estimated using discounted cash flow techniques at a rate which reflects market rates of interest and the Group’s own credit spread. Subordinated liabilities The fair value of subordinated liabilities is determined by reference to quoted market prices where available or by reference to quoted market prices of similar instruments. Subordinated liabilities are classified as level 2, since the inputs used to determine their fair value are largely observable. (5) Reclassifications of financial assets There have been no reclassifications of financial assets in 2021 or 2022. |
TRANSFERS OF FINANCIAL ASSETS
TRANSFERS OF FINANCIAL ASSETS | 12 Months Ended |
Dec. 31, 2022 | |
Disclosure of transferred financial assets that are not derecognised in their entirety [Abstract] | |
TRANSFERS OF FINANCIAL ASSETS | NOTE 42: TRANSFERS OF FINANCIAL ASSETS There were no significant transferred financial assets which were derecognised in their entirety, but with ongoing exposure. Details of transferred financial assets that continue to be recognised in full are as follows. The Group enters into repurchase and securities lending transactions in the normal course of business that do not result in derecognition of the financial assets as substantially all of the risks and rewards, including credit, interest rate, prepayment and other price risks are retained by the Group. In all cases, the transferee has the right to sell or repledge the assets concerned. As set out in note 25, included within financial assets measured at amortised cost are loans transferred under the Group’s securitisation and covered bond programmes. As the Group retains all or a majority of the risks and rewards associated with these loans, including credit, interest rate, prepayment and liquidity risk, they remain on the Group’s balance sheet. Assets transferred into the Group’s securitisation and covered bond programmes are not available to be used by the Group while the assets are within the programmes. However, the Group retains the right to remove loans from the covered bond programmes where they are in excess of the programme’s requirements. In addition, where the Group has retained some of the notes issued by securitisation and covered bond programmes, the Group has the ability to sell or pledge these retained notes. The table below sets out the carrying values of the transferred assets and the associated liabilities. For repurchase and securities lending transactions, the associated liabilities represent the Group’s obligation to repurchase the transferred assets. For securitisation programmes, the associated liabilities represent the external notes in issue (note 25). The liabilities shown in the table below have recourse to the transferred assets. 2022 2021 Carrying Carrying Carrying Carrying Repurchase and securities lending transactions Financial assets at fair value through other comprehensive income 11,801 6,571 7,706 5,039 Securitisation programmes Financial assets at amortised cost: Loans and advances to customers 1 28,981 2,806 30,965 3,705 1 The carrying value of associated liabilities excludes securitisation notes held by the Group of £21,887 million (31 December 2021: £23,521 million). |
OFFSETTING OF FINANCIAL ASSETS
OFFSETTING OF FINANCIAL ASSETS AND LIABILITIES | 12 Months Ended |
Dec. 31, 2022 | |
Disclosure of offsetting of financial assets and financial liabilities [Abstract] | |
OFFSETTING OF FINANCIAL ASSETS AND LIABILITIES | NOTE 43: OFFSETTING OF FINANCIAL ASSETS AND LIABILITIES The following information relates to financial assets and liabilities which have been offset in the balance sheet and those which have not been offset but for which the Group has enforceable master netting agreements or collateral arrangements in place with counterparties. Related amounts where 1 Potential Gross amounts of assets and liabilities 2 £m Amount offset in the balance sheet 3 £m Net amounts Cash Non-cash At 31 December 2022 Financial assets Financial assets at fair value through profit or loss 1,371 – 1,371 – – 1,371 Derivative financial instruments 55,541 (51,684) 3,857 (767) (2,983) 107 Financial assets at amortised cost: Loans and advances to banks 8,363 – 8,363 (1,147) – 7,216 Loans and advances to customers 438,957 (3,330) 435,627 (308) (2,171) 433,148 Reverse repurchase agreements 49,694 (10,435) 39,259 – (39,259) – Debt securities 7,331 – 7,331 – – 7,331 504,345 (13,765) 490,580 (1,455) (41,430) 447,695 Financial assets at fair value through other comprehensive income 22,846 – 22,846 – (6,393) 16,453 Financial liabilities Deposits from banks 4,658 – 4,658 (626) – 4,032 Customer deposits 447,096 (924) 446,172 (141) (2,171) 443,860 Repurchase agreements at amortised cost 59,025 (10,435) 48,590 – (48,590) – Financial liabilities at fair value through profit or loss 5,159 – 5,159 – – 5,159 Derivative financial instruments 59,981 (54,090) 5,891 (1,455) (3,988) 448 Related amounts where 1 Potential Gross amounts of assets and liabilities 2 £m Amount offset in the balance sheet 3 £m Net amounts Cash Non-cash At 31 December 2021 Financial assets Financial assets at fair value through profit or loss 1,798 – 1,798 – (35) 1,763 Derivative financial instruments 33,665 (28,154) 5,511 (1,621) (2,733) 1,157 Financial assets at amortised cost: Loans and advances to banks 4,478 – 4,478 (350) – 4,128 Loans and advances to customers 431,994 (1,165) 430,829 (102) (1,506) 429,221 Reverse repurchase agreements 59,645 (9,937) 49,708 – (49,708) – Debt securities 4,562 – 4,562 – (267) 4,295 500,679 (11,102) 489,577 (452) (51,481) 437,644 Financial assets at fair value through other comprehensive income 27,786 – 27,786 – (4,981) 22,805 Financial liabilities Deposits from banks 3,363 – 3,363 (1,404) – 1,959 Customer deposits 450,538 (1,165) 449,373 (217) (1,506) 447,650 Repurchase agreements at amortised cost 40,043 (9,937) 30,106 – (30,106) – Financial liabilities at fair value through profit or loss 6,537 – 6,537 – – 6,537 Derivative financial instruments 32,797 (28,154) 4,643 (452) (4,191) – 1 The Group enters into derivatives and repurchase and reverse repurchase agreements with various counterparties which are governed by industry standard master netting agreements. The Group holds and provides cash and securities collateral in respective of derivative transactions covered by these agreements. The right to set off balances under these master netting agreements or to set off cash and securities collateral only arises in the event of non-payment or default and, as a result, these arrangements do not qualify for offsetting under IAS 32. 2 Net of impairment allowances. 3 The amounts offset in the balance sheet as shown above mainly represent derivatives and repurchase agreements with central clearing houses which meet the criteria for offsetting under IAS 32. The effects of over-collateralisation have not been taken into account in the above table. |
FINANCIAL RISK MANAGEMENT
FINANCIAL RISK MANAGEMENT | 12 Months Ended |
Dec. 31, 2022 | |
Disclosure of financial risk management [text block] [Abstract] | |
FINANCIAL RISK MANAGEMENT | NOTE 44: FINANCIAL RISK MANAGEMENT Financial instruments are fundamental to the Group’s activities and, as a consequence, the risks associated with financial instruments represent a significant component of the risks faced by the Group. The primary risks affecting the Group through its use of financial instruments are: market risk, which includes interest rate risk and foreign exchange risk; credit risk; liquidity risk and capital risk. The following disclosures provide quantitative and qualitative information about the Group's exposure to these risks. Market risk (A) Interest rate risk Interest rate risk arises from the different repricing characteristics of the Group's assets and liabilities. Liabilities are generally insensitive to interest rate movements, for example interest free or very low interest customer deposits, or are sensitive to interest rate changes but bear rates which may be varied at the Group’s discretion and that for competitive reasons generally reflect changes in the UK Bank Rate, set by the Bank of England. The rates on the remaining liabilities are contractually fixed for their term to maturity. Many banking assets are sensitive to interest rate movements; there is a large volume of managed rate assets such as variable rate mortgages which may be considered as a natural offset to the interest rate risk arising from the managed rate liabilities. However, a significant proportion of the Group’s lending assets, for example many personal loans and mortgages, bear interest rates which are contractually fixed. Interest rate sensitivity analysis relating to the Group's banking activities is set out in the tables marked audited on page 71 The Group’s risk management policy is to optimise reward while managing its market risk exposures within the risk appetite defined by the Board. The largest residual risk exposure arises from balances that are deemed to be insensitive to changes in market rates (including current accounts, a portion of variable rate deposits and investable equity), and is managed through the Group’s structural hedge. The structural hedge consists of longer-term fixed rate assets or interest rate swaps and the amount and duration of the hedging activity is reviewed regularly by the Lloyds Banking Group Asset and Liability Committee. The Group establishes hedge accounting relationships for interest rate risk (including components) using cash flow hedges and fair value hedges. The Group is exposed to cash flow interest rate risk on its variable rate loans and deposits together with its floating rate subordinated debt. The derivatives used to manage the structural hedge may be designated into cash flow hedges to manage income statement volatility. The economic items related to the structural hedge, for example current accounts, are not eligible hedged items under IAS 39 for inclusion into accounting hedge relationships. The Group is exposed to fair value interest rate risk on its fixed rate customer loans, its fixed rate customer deposits and the majority of its subordinated debt, and to cash flow interest rate risk on its variable rate loans and deposits together with its floating rate subordinated debt. The Group applies netting between similar risks before applying hedge accounting. Hedge ineffectiveness arises during the management of interest rate risk due to residual unhedged risk. Sources of ineffectiveness, which the Group may decide to not fully mitigate, can include basis differences, timing differences and notional amount differences. The effectiveness of accounting hedge relationships is assessed between the hedging derivatives and the documented hedged item, which can differ to the underlying economically hedged item. At 31 December 2022 the aggregate notional principal of interest rate and other swaps (predominantly interest rate) designated as fair value hedges was £128,153 million (2021: £147,724 million) with a net fair value liability of £488 million (2021: liability of £266 million) (note 14). The gains on the hedging instruments were £3,106 million (2021: gains of £1,885 million).The losses on the hedged items attributable to the hedged risk were £3,127 million (2021: losses of £1,690 million). The gains and losses relating to the fair value hedges are recorded in net trading income. The notional principal of the interest rate swaps designated as cash flow hedges at 31 December 2022 was £235,916 million (2021: £97,942 million) with a net fair value liability of £nil (2021: £nil) (note 14). In 2022, ineffectiveness recognised in the income statement that arises from cash flow hedges was a loss of £6 million (2021: loss of £58 million). Interest rate benchmark reform The Group continues to manage the transition to alternative benchmark rates under its Group-wide IBOR transition programme. The Group has transitioned substantially all of its non-USD 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. USD LIBOR transition is expected to complete by 30 June 2023. While the volume of outstanding transactions impacted by IBOR benchmark reforms continues to reduce, the Group does not expect material changes to its risk management approach. The material risks identified include the following: Conduct and litigation risk. The Group may be exposed to conduct and litigation charges as a direct result of inappropriate or negligent actions taken during IBOR transition resulting in detriment to the customer. The Group is working closely with its counterparties to avoid this outcome. Market risk. IBOR transition is expected to lead to changes in the Group’s market risk profile which will continue to be monitored and managed within the appropriate risk appetites. The key change is expected to be on the management of basis risk profile during the period when alternative benchmark rates are referenced in contracts up to the cessation of the in-scope IBOR index. Credit risk. Clients may wish to renegotiate the terms of existing transactions as a consequence of IBOR reform. This could lead to a change in the credit risk exposure of the client depending on the outcome of the negotiations. The Group will continue to monitor and manage changes within the appropriate risk appetites. Accounting risk. If IBOR transition is finalised in a manner that does not permit the application of the reliefs introduced in the IFRS Phase 2 amendments, the financial instrument may be required to be derecognised and a new instrument recognised. In addition, where instruments used in hedge accounting relationships are transitioned either at different times or to different benchmarks, this may result in additional volatility to the income statement either through hedge accounting ineffectiveness or failure of the hedge accounting relationships. Operational risk. Additional operational risks may arise due to the IBOR transition programme impacting all businesses and functions within the Group and leading to the implementation of changes to technology, operations, client communication and the valuation of in-scope financial instruments. The majority of the Group’s USD LIBOR 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 are being 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 31 At 31 December 2022 At 31 December 2021 GBP USD Other 1 £m Total GBP USD Other Total Non-derivative financial assets Financial assets at fair value through profit or loss – – – – 131 172 – 303 Loans and advances to banks – 67 – 67 – 3,252 – 3,252 Loans and advances to customers 760 670 2 1,432 3,419 2,549 – 5,968 Financial assets at amortised cost 760 737 2 1,499 3,419 5,801 – 9,220 760 737 2 1,499 3,550 5,973 – 9,523 Non-derivative financial liabilities Financial liabilities at fair value through profit or loss – 100 – 100 – 100 3 103 Debt securities in issue 2 – 1,216 310 1,526 – 3,548 26 3,574 – 1,316 310 1,626 – 3,648 29 3,677 Derivative notional/contract amount Interest rate 242 96,795 653 97,690 4,271 120,797 – 125,068 Cross currency – 14,414 921 15,335 – 22,663 – 22,663 242 111,209 1,574 113,025 4,271 143,460 – 147,731 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. 2 Includes capital related issuances of £3,494 million held by Lloyds Banking Group plc. As at 31 December 2022, the IBOR balances in the above table relate to contracts that have not transitioned to an alternative benchmark rate. In the case of Sterling LIBOR, these are contracts that have cash flows determined on a synthetic LIBOR basis. Of the £111,209 million of USD derivative notional balances as at 31 December 2022, £19,208 million relate to contracts with their final LIBOR fixing prior to LIBOR cessation and £70,764 million relate to contracts settled through the London Clearing House. Of the remaining £21,237 million, £21,229 million are fallback-eligible. In respect of the Group’s hedge accounting relationships, for the purposes of determining whether: • A forecast transaction is highly probable • Hedged future cash flows are expected to occur • A hedge is expected to be highly effective in achieving offsetting changes in fair value or cash flows attributable to the hedged risk • An accounting hedging relationship should be discontinued because of a failure of the retrospective effectiveness test the Group considers the interest rate benchmark, on which the hedged risk or the cash flows of the hedged item or hedging instrument are based is not altered by uncertainties resulting from interest rate benchmark reform. By 31 December 2022, 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. The Group’s most significant remaining IBOR hedge accounting relationship in relation to benchmark reform is USD LIBOR, of which: • The notional amount of the hedged items that the Group has designated into cash flow hedge relationships that is directly affected by the interest rate benchmark reform is £884 million (2021: £2,001 million). These are principally loans and advances to customers in Commercial Banking. • The interest rate benchmark reforms also affect assets and liabilities designated in fair value hedges. At 31 December 2022 these assets had a notional value of £1,864 million and liabilities had a notional value of £6,760 million. At 31 December 2021, such assets had a notional value of £3,370 million and liabilities had a notional amount of £9,094 million. These fair value hedges principally relate to debt securities in issue. • At 31 December 2022, the notional amount of the hedging instruments in hedging relationships to which these amendments apply was £10,529 million, of which £9,587 million relates to fair value hedges and £942 million relates to cash flow hedges. At 31 December 2021, the notional amount of the hedging instruments in hedging relationships to which these amendments applied was £17,954 million, of which £15,952 million related to fair value hedges and £2,002 million related to cash flow hedges. (B) Foreign exchange risk The corporate and retail businesses incur foreign exchange risk in the course of providing services to their customers. All non-structural foreign exchange exposures in the non-trading book are managed centrally within allocated exposure limits. Trading book exposures in the authorised trading centres are allocated exposure limits. The limits are monitored daily by the local centres and reported to the market and liquidity risk function in London. The Group manages foreign currency accounting exposure via cash flow hedge accounting, utilising currency swaps and forward foreign exchange trades. Risk arises from the Group’s investments in its overseas operations. The Group’s structural foreign currency exposure is represented by the net asset value of the foreign currency equity and subordinated debt investments in its subsidiaries and branches. Gains or losses on structural foreign currency exposures are taken to reserves. The Group ceased all hedge accounting of the currency translation risk of the net investment in foreign operations in 2018. The Group has overseas operations in Europe. Structural foreign currency exposures in respect of operations with a Euro functional currency are £1,817 million (2021: £115 million). Credit risk The Group’s credit risk exposure arises in respect of the instruments below and predominantly in the United Kingdom. Credit risk appetite is set at Board level and is described and reported through a suite of metrics devised from a combination of accounting and credit portfolio performance measures, which include the use of various credit risk rating systems as inputs and assess credit risk at a counterparty level using three components: (i) the probability of default by the counterparty on its contractual obligations; (ii) the current exposures to the counterparty and their likely future development, from which the Group derives the exposure at default; and (iii) the likely loss ratio on the defaulted obligations, the loss given default. The Group uses a range of approaches to mitigate credit risk, including internal control policies, obtaining collateral, using master netting agreements and other credit risk transfers, such as asset sales and credit derivatives based transactions. (A) Maximum credit exposure The maximum credit risk exposure of the Group in the event of other parties failing to perform their obligations is detailed below. No account is taken of any collateral held and the maximum exposure to loss is considered to be the balance sheet carrying amount or, for non-derivative off-balance sheet transactions and financial guarantees, their contractual nominal amounts. 2022 2021 Maximum Offset 1 £m Net Maximum Offset 1 £m Net Financial assets at fair value through profit or loss 2 1,132 – 1,132 1,559 – 1,559 Derivative financial instruments 3,857 (1,811) 2,046 5,511 (2,369) 3,142 Financial assets at amortised cost, net 3 : Loans and advances to banks, net 3 8,363 – 8,363 4,478 – 4,478 Loans and advances to customers, net 3 435,627 (2,171) 433,456 430,829 (1,506) 429,323 Reverse repurchase agreements, net 3 39,259 – 39,259 49,708 – 49,708 Debt securities, net 3 7,331 – 7,331 4,562 – 4,562 490,580 (2,171) 488,409 489,577 (1,506) 488,071 Financial assets at fair value through other comprehensive income 2 22,845 – 22,845 27,785 – 27,785 Off-balance sheet items: Acceptances and endorsements 58 – 58 21 – 21 Other items serving as direct credit substitutes 781 – 781 433 – 433 Performance bonds, including letters of credit, and other transaction-related contingencies 2,061 – 2,061 1,886 – 1,886 Irrevocable commitments and guarantees 57,782 – 57,782 55,690 – 55,690 60,682 – 60,682 58,030 – 58,030 579,096 (3,982) 575,114 582,462 (3,875) 578,587 1 Offset items comprise deposit amounts available for offset, and amounts available for offset under master netting arrangements, that do not meet the criteria under IAS 32 to enable loans and advances and derivative assets respectively to be presented net of these balances in the financial statements. 2 Excluding equity shares. 3 Amounts shown net of related impairment allowances. (B) Concentrations of exposure The Group’s management of concentration risk includes single name, industry sector and country limits as well as controls over the Group’s overall exposure to certain products. As part of its credit risk policy, the Group considers sustainability risk (which incorporates Environmental (including climate), Social and Governance) in the assessment of Commercial Banking facilities. At 31 December 2022 the most significant concentrations of exposure were in mortgages (comprising 73 per cent of total loans and advances to customers) and to financial, business and other services (comprising 5 per cent of the total). 2022 £m 2021 £m Agriculture, forestry and fishing 7,447 7,728 Energy and water supply 2,515 1,962 Manufacturing 3,311 3,505 Construction 4,057 4,325 Transport, distribution and hotels 13,062 13,367 Postal and telecommunications 2,409 1,857 Property companies 20,866 23,156 Financial, business and other services 21,281 19,137 Personal: Mortgages 1 322,480 318,422 Other 26,099 24,546 Lease financing 625 843 Hire purchase 15,950 15,785 Total loans and advances to customers before allowance for impairment losses 440,102 434,633 Allowance for impairment losses (note 15) (4,475) (3,804) Total loans and advances to customers 435,627 430,829 1 Includes both UK and overseas mortgage balances. The Group’s operations are predominantly UK-based and as a result an analysis of credit risk exposures by geographical region is not provided. (C) Credit quality of assets Loans and advances The analysis of lending has been prepared based on the division in which the asset is held; with the business segment in which the exposure is recorded reflected in the ratings system applied. The internal credit ratings systems used by the Group differ between Retail and Commercial, reflecting the characteristics of these exposures and the way that they are managed internally; these credit ratings are set out below. All probabilities of default (PDs) include forward-looking information and are based on 12-month values, with the exception of credit-impaired. Retail Commercial Quality classification IFRS 9 PD range Quality classification IFRS 9 PD range RMS 1–3 0.00–0.80% CMS 1–5 0.000–0.100% RMS 4–6 0.81–4.50% CMS 6–10 0.101–0.500% RMS 7–9 4.51–14.00% CMS 11–14 0.501–3.000% RMS 10 14.01–20.00% CMS 15–18 3.001–20.000% RMS 11–13 20.01–99.99% CMS 19 20.001–99.999% RMS 14 100.00% CMS 20–23 100.000% Stage 3 assets include balances of £577 million (2021: £511 million) (with outstanding amounts due of £1,360 million (2021: £1,279 million)) which have been subject to a partial write-off and where the Group continues to enforce recovery action. Stage 2 and Stage 3 assets with a carrying amount of £126 million (2021: £1,540 million) were modified during the year. No material gain or loss was recognised by the Group. As at 31 December 2022 assets that had been previously modified while classified as Stage 2 or Stage 3 and were classified as Stage 1 amounted to £5,279 million (2021: £6,657 million). Drawn exposures Expected credit loss allowance Gross drawn exposures and expected credit loss allowance Stage 1 Stage 2 Stage 3 POCI Total Stage 1 Stage 2 Stage 3 POCI Total At 31 December 2022 Loans and advances to banks CMS 1–5 1,093 – – – 1,093 – – – – – CMS 6–10 7,263 – – – 7,263 9 – – – 9 CMS 11–14 13 3 – – 16 – – – – – CMS 15–18 – – – – – – – – – – CMS 19 – – – – – – – – – – CMS 20–23 – – – – – – – – – – 8,369 3 – – 8,372 9 – – – 9 Loans and advances to customers Retail – UK mortgages RMS 1–3 250,937 24,844 – – 275,781 81 180 – – 261 RMS 4–6 6,557 11,388 – – 17,945 10 140 – – 150 RMS 7–9 23 2,443 – – 2,466 – 72 – – 72 RMS 10 – 734 – – 734 – 24 – – 24 RMS 11–13 – 2,374 – – 2,374 – 136 – – 136 RMS 14 – – 3,416 9,622 13,038 – – 311 253 564 257,517 41,783 3,416 9,622 312,338 91 552 311 253 1,207 Retail – credit cards RMS 1–3 3,587 5 – – 3,592 7 – – – 7 RMS 4–6 6,497 1,441 – – 7,938 66 70 – – 136 RMS 7–9 1,332 1,246 – – 2,578 47 167 – – 214 RMS 10 – 227 – – 227 – 52 – – 52 RMS 11–13 – 368 – – 368 – 144 – – 144 RMS 14 – – 289 – 289 – – 113 – 113 11,416 3,287 289 – 14,992 120 433 113 – 666 Retail – loans and overdrafts RMS 1–3 659 1 – – 660 2 – – – 2 RMS 4–6 5,902 451 – – 6,353 90 24 – – 114 RMS 7–9 1,724 657 – – 2,381 69 83 – – 152 RMS 10 53 199 – – 252 5 45 – – 50 RMS 11–13 19 405 – – 424 3 163 – – 166 RMS 14 – – 247 – 247 – – 126 – 126 8,357 1,713 247 – 10,317 169 315 126 – 610 Retail – UK Motor Finance RMS 1–3 8,969 743 – – 9,712 66 9 – – 75 RMS 4–6 2,778 930 – – 3,708 25 20 – – 45 RMS 7–9 425 325 – – 750 2 13 – – 15 RMS 10 – 99 – – 99 – 8 – – 8 RMS 11–13 2 148 – – 150 – 26 – – 26 RMS 14 – – 154 – 154 – – 81 – 81 12,174 2,245 154 – 14,573 93 76 81 – 250 Retail – other RMS 1–3 12,588 328 – – 12,916 9 4 – – 13 RMS 4–6 1,311 213 – – 1,524 4 11 – – 15 RMS 7–9 – 90 – – 90 – 3 – – 3 RMS 10 – 5 – – 5 – – – – – RMS 11–13 91 7 – – 98 – – – – – RMS 14 – – 157 – 157 – – 52 – 52 13,990 643 157 – 14,790 13 18 52 – 83 Total Retail 303,454 49,671 4,263 9,622 367,010 486 1,394 683 253 2,816 Drawn exposures Expected credit loss allowance Gross drawn exposures and expected credit loss allowance (continued) Stage 1 Stage 2 Stage 3 POCI Total Stage 1 Stage 2 Stage 3 POCI Total At 31 December 2022 Commercial Banking CMS 1–5 11,906 14 – – 11,920 2 – – – 2 CMS 6–10 16,689 293 – – 16,982 21 2 – – 23 CMS 11–14 30,646 4,963 – – 35,609 123 83 – – 206 CMS 15–18 3,257 4,352 – – 7,609 46 239 – – 285 CMS 19 12 810 – – 822 – 74 – – 74 CMS 20–23 – – 3,348 – 3,348 – – 1,069 – 1,069 62,510 10,432 3,348 – 76,290 192 398 1,069 – 1,659 Other 1 (3,198) – – – (3,198) – – – – – Total loans and advances to customers 362,766 60,103 7,611 9,622 440,102 678 1,792 1,752 253 4,475 In respect of: Retail 303,454 49,671 4,263 9,622 367,010 486 1,394 683 253 2,816 Commercial Banking 62,510 10,432 3,348 – 76,290 192 398 1,069 – 1,659 Other 1 (3,198) – – – (3,198) – – – – – Total loans and advances to customers 362,766 60,103 7,611 9,622 440,102 678 1,792 1,752 253 4,475 1 Includes centralised fair value hedge accounting adjustments. Reverse repurchase agreements Banks CMS 1–5 3,292 – – – 3,292 – – – – – CMS 6–10 258 – – – 258 – – – – – CMS 11–14 – – – – – – – – – – CMS 15–18 – – – – – – – – – – CMS 19 – – – – – – – – – – CMS 20–23 – – – – – – – – – – 3,550 – – – 3,550 – – – – – Customers CMS 1–5 3,752 – – – 3,752 – – – – – CMS 6–10 31,957 – – – 31,957 – – – – – CMS 11–14 – – – – – – – – – – CMS 15–18 – – – – – – – – – – CMS 19 – – – – – – – – – – CMS 20–23 – – – – – – – – – – 35,709 – – – 35,709 – – – – – Total reverse repurchase agreements 39,259 – – – 39,259 – – – – – Undrawn exposures Expected credit loss allowance Gross undrawn exposures and expected credit loss allowance Stage 1 Stage 2 Stage 3 POCI Total Stage 1 Stage 2 Stage 3 POCI Total At 31 December 2022 Retail – UK mortgages RMS 1–3 16,003 159 – – 16,162 – – – – – RMS 4–6 83 62 – – 145 1 – – – 1 RMS 7–9 – 25 – – 25 – – – – – RMS 10 – 7 – – 7 – – – – – RMS 11–13 – 21 – – 21 – 1 – – 1 RMS 14 – – 17 67 84 – – – – – 16,086 274 17 67 16,444 1 1 – – 2 Retail – credit cards RMS 1–3 39,384 30 – – 39,414 16 – – – 16 RMS 4–6 14,355 2,975 – – 17,330 32 28 – – 60 RMS 7–9 580 422 – – 1,002 5 8 – – 13 RMS 10 – 46 – – 46 – 2 – – 2 RMS 11–13 – 76 – – 76 – 6 – – 6 RMS 14 – – 45 – 45 – – – – – 54,319 3,549 45 – 57,913 53 44 – – 97 Retail – loans and overdrafts RMS 1–3 4,174 2 – – 4,176 4 – – – 4 RMS 4–6 1,618 386 – – 2,004 6 12 – – 18 RMS 7–9 253 159 – – 412 6 18 – – 24 RMS 10 6 36 – – 42 – 7 – – 7 RMS 11–13 – 61 – – 61 – 15 – – 15 RMS 14 – – 17 – 17 – – – – – 6,051 644 17 – 6,712 16 52 – – 68 Retail – UK Motor Finance RMS 1–3 318 – – – 318 – – – – – RMS 4–6 1,259 – – – 1,259 2 – – – 2 RMS 7–9 347 1 – – 348 – – – – – RMS 10 – – – – – – – – – – RMS 11–13 – – – – – – – – – – RMS 14 – – – – – – – – – – 1,924 1 – – 1,925 2 – – – 2 Retail – other RMS 1–3 702 – – – 702 – – – – – RMS 4–6 198 – – – 198 3 – – – 3 RMS 7–9 – – – – – – – – – – RMS 10 – – – – – – – – – – RMS 11–13 – – – – – – – – – – RMS 14 – – – – – – – – – – 900 – – – 900 3 – – – 3 Total Retail 79,280 4,468 79 67 83,894 75 97 – – 172 Gross undrawn exposures and expected credit loss allowance (continued) Undrawn exposures Expected credit loss allowance Stage 1 Stage 2 Stage 3 POCI Total Stage 1 Stage 2 Stage 3 POCI Total At 31 December 2022 Commercial Banking CMS 1–5 15,266 – – – 15,266 1 – – – 1 CMS 6–10 16,508 34 – – 16,542 11 2 – – 13 CMS 11–14 8,657 1,296 – – 9,953 27 27 – – 54 CMS 15–18 779 800 – – 1,579 8 42 – – 50 CMS 19 – 85 – – 85 – 10 – – 10 CMS 20–23 – – 48 – 48 – – 4 – 4 41,210 2,215 48 – 43,473 47 81 4 – 132 Other CMS 1–5 2 – – – 2 – – – – – CMS 6–10 – – – – – – – – – – CMS 11–14 – – – – – – – – – – CMS 15–18 – – – – – – – – – – CMS 19 – – – – – – – – – – CMS 20–23 – – – – – – – – – – 2 – – – 2 – – – – – Total 120,492 6,683 127 67 127,369 122 178 4 – 304 In respect of: Retail 79,280 4,468 79 67 83,894 75 97 – – 172 Commercial Banking 41,210 2,215 48 – 43,473 47 81 4 – 132 Other 2 – – – 2 – – – – – Total 120,492 6,683 127 67 127,369 122 178 4 – 304 Drawn exposures Expected credit loss allowance Gross drawn exposures and expected credit loss allowance Stage 1 Stage 2 Stage 3 POCI Total Stage 1 Stage 2 Stage 3 POCI Total At 31 December 2021 Loans and advances to banks CMS 1–5 4,108 – – – 4,108 – – – – – CMS 6–10 368 – – – 368 – – – – – 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 1–3 270,649 9,785 – – 280,434 48 146 – – 194 RMS 4–6 2,971 8,288 – – 11,259 – 104 – – 104 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 1 RMS 1–3 5,076 15 – – 5,091 9 – – – 9 RMS 4–6 6,023 1,092 – – 7,115 58 43 – – 101 RMS 7–9 819 623 – – 1,442 29 71 – – 100 RMS 10 – 112 – – 112 – 22 – – 22 RMS 11–13 – 235 – – 235 – 82 – – 82 RMS 14 – – 292 – 292 – – 128 – 128 11,918 2,077 292 – 14,287 96 218 128 – 442 Retail – loans and overdrafts RMS 1–3 1,426 2 – – 1,428 5 – – – 5 RMS 4–6 5,794 499 – – 6,293 79 23 – – 102 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 1–3 8,758 465 – – 9,223 79 6 – – 85 RMS 4–6 2,904 844 – – 3,748 22 19 – – 41 RMS 7–9 583 298 – – 881 5 15 – – 20 RMS 10 – 69 – – 69 – 7 – – 7 RMS 11–13 2 152 – – 154 – 27 – – 27 RMS 14 – – 201 – 201 – – 116 – 116 12,247 1,828 201 – 14,276 106 74 116 – 296 Retail – other 1 RMS 1–3 9,715 228 – – 9,943 3 4 – – 7 RMS 4–6 1,386 265 – – 1,651 11 8 – – 19 RMS 7–9 – 88 – – 88 – 3 – – 3 RMS 10 – 2 – – 2 – – – – – RMS 11–13 97 10 – – 107 – – – – – RMS 14 – – 169 – 169 – – 52 – 52 11,198 593 169 – 11,960 14 15 52 – 81 Total Retail 317,173 27,401 2,873 10,977 358,424 390 854 619 210 2,073 Gross drawn exposures and expected credit loss allowance (continued) Drawn exposures Expected credit loss allowance Stage 1 Stage 2 Stage 3 POCI Total Stage 1 Stage 2 Stage 3 POCI Total At 31 December 2021 Commercial Banking 1 CMS 1–5 11,678 34 – – 11,712 1 – – – 1 CMS 6–10 19,822 309 – – 20,131 21 – – – 21 CMS 11–14 31,979 3,453 – – 35,432 83 76 – – 159 CMS 15–18 2,181 2,832 – – 5,013 14 143 – – 157 CMS 19 – 855 – – 855 – 39 – – 39 CMS 20–23 – – 3,533 – 3,533 – – 954 – 954 65,660 7,483 3,533 – 76,676 119 258 954 – 1,331 Other 2 (467) – – – (467) 400 – – – 400 Total loans and advances to customers 382,366 34,884 6,406 10,977 434,633 909 1,112 1,573 210 3,804 In respect of: Retail 317,173 27,401 2,873 10,977 358,424 390 854 619 210 2,073 Commercial Banking 65,660 7,483 3,533 – 76,676 119 258 954 – 1,331 Other 2 (467) – – – (467) 400 – – – 400 Total loans and advances to customers 382,366 34,884 6,406 10,977 434,633 909 1,112 1,573 210 3,804 1 Reflects the new organisation structure, with Business Banking and Commercial Cards moving from Retail to Commercial Banking and Wealth moving from Other to Retail; comparatives have been presented on a consistent basis. 2 Includes centralised fair value hedge accounting adjustments and a central adjustment of £400 million that was applied in respect of uncertainty in the economic outlook. Reverse repurchase agreements Banks CMS 1–5 2,901 – – – 2,901 – – – – – CMS 6–10 95 – – – 95 – – – – – CMS 11–14 – – – – – – – – – – CMS 15–18 – – – – – – – – – – CMS 19 – – – – – – – – – – CMS 20–23 – – – – – – – – – – 2,996 – – – 2,996 – – – – – Customers CMS 1–5 10,399 – – – 10,399 – – – – – CMS 6–10 36,313 – – – 36,313 – – – – – CMS 11–14 – – – – – – – – – – CMS 15–18 – – – – – – – – – – CMS 19 – – – – – – – – – – CMS 20–23 – – – – – – – – – – 46,712 – – – 46,712 – – – – – Total reverse repurchase agreements 49,708 – – – 49,708 – – – – – Gross undrawn exposures and expected credit loss allowance Undrawn exposures Expected credit loss allowance Stage 1 Stage 2 Stage 3 POCI Total Stage 1 Stage 2 Stage 3 POCI Total At 31 December 2021 Retail – UK mortgages RMS 1–3 16,947 67 – – 17,014 1 – – – 1 RMS 4–6 24 25 – – 49 – – – – – RMS 7–9 – 3 – – 3 – – – – – RMS 10 – – – – – – – – – – RMS 11–13 – – – – – – – – – – RMS 14 – – 13 72 85 – – – – – 16,971 95 13 72 17,151 1 – – – 1 Retail – credit cards 1 RMS 1–3 47,427 81 – – 47,508 23 2 – – 25 RMS 4–6 8,811 2,160 – – 10,971 22 22 – – 44 RMS 7–9 242 172 – – 414 3 3 – – 6 RMS 10 – 31 – – 31 – 1 – – 1 RMS 11–13 – 58 – – 58 – 3 – – 3 RMS 14 – – 55 – 55 – – – – – 56,480 2,502 55 – 59,037 48 31 – – 79 Retail – loans and overdrafts RMS 1–3 5,123 3 – – 5,126 4 – – – 4 RMS 4–6 1,180 228 – – 1,408 5 4 – – 9 RMS 7–9 97 48 – – 145 1 5 – – 6 RMS 10 1 11 – – 12 – 2 – – 2 RMS 11–13 – 29 – – 29 – 6 – – 6 RMS 14 – – 18 – 18 – – – – – 6,401 319 18 – 6,738 10 17 – – 27 Retail – UK Motor Finance RMS 1–3 277 – – – 277 – – – – – RMS 4–6 1,180 – – – 1,180 2 – – – 2 RMS 7–9 527 – – – 527 – – – – – RMS 10 – – – – – – – – – – RMS 11–13 1 – – – 1 – – – – – RMS 14 – – – – – – – – – – 1,985 – – – 1,985 2 – – – 2 Retail – other 1 RMS 1–3 598 – – – 598 – – – – – RMS 4–6 298 – – – 298 1 – – – 1 RMS 7–9 – – – – – – – – – – RMS 10 – – – – – – – – – – RMS 11–13 – – – – – – – – – – RMS 14 – – – – – – – – – – 896 – – – 896 1 – – – 1 Total Retail 82,733 2,916 86 72 85,807 62 48 – – 110 Gross undrawn exposures and expected credit loss allowance (continued) Undrawn exposures Expected credit loss allowance Stage 1 Stage 2 Stage 3 POCI Total Stage 1 Stage 2 Stage 3 POCI Total At 31 December 2021 Commercial Banking 1 CMS 1–5 18,993 1 – – 18,994 1 – – – 1 CMS 6–10 12,986 47 – – 13,033 13 – – – 13 CMS 11–14 7,237 1,212 – – 8,449 21 18 – – 39 CMS 15–18 453 347 – – 800 6 17 – – 23 CMS 19 – 33 – – 33 – 3 – – 3 CMS 20–23 – – 67 – 67 – – 5 – 5 39,669 1,640 67 – 41,376 41 38 5 – 84 Other CMS 1–5 – – – – – – – – – – CMS 6–10 501 – – – 501 – – – – – CMS 11–14 – – – – – – – – – – CMS 15–18 – – – – – – – – – – CMS 19 – – – – – – – – – – CMS 20–23 – – – – – – – – – – 501 – – – 501 – – – – – Total 122,903 4,556 153 72 127,684 103 86 5 – 194 In respect of: Retail 82,733 2,916 86 72 85,807 62 48 – – 110 Commercial Banking 39,669 1,640 67 – 41,376 41 38 5 – 84 Other 501 – – – 501 – – – – – Total 122,903 4,556 153 72 127,684 103 86 5 – 194 1 Reflects the new organisation structure, with Business Banking and Commercial Cards moving from Retail to Commercial Banking and Wealth moving from Other to Retail; comparatives have been presented on a consistent basis. Cash and balances at central banks Significantly all of the Group’s cash and balances at central banks of £72,005 million (2021: £54,279 million) are due from the Bank of England or the Deutsche Bundesbank. Debt securities held at amortised cost An analysis by credit rating of the Group's debt securities held at amortised cost is provided below: 2022 2021 Investment grade 1 £m Other 2 £m Total Investment grade 1 £m Other 2 £m Total Government securities 247 – 247 202 – 202 Asset-backed securities: Mortgage-backed securities 3,712 – 3,712 1,457 – 1,457 Other asset-backed securities 1,946 2 1,948 1,590 18 1,608 5,658 2 5,660 3,047 18 3,065 Corporate and other debt securities 1,431 1 1,432 1,296 1 1,297 Gross exposure 7,336 3 7,339 4,545 19 4,564 Allowance for impairment losses (8) (2) Total debt securities held at amortised cost 7,331 4,562 1 Credit ratings equal to or better than ‘BBB’. 2 Other comprises sub-investment grade (2022: £nil; 2021: £18 million) and not rated (2022: £3 million; 2021: £1 million). Financial assets at fair value through other comprehensive income (excluding equity shares) An analysis of the Group's financial assets at fair value through other comprehensive income is included in note 18. The credit quality of the Group's financial assets at fair value through o |
CASH FLOW STATEMENT
CASH FLOW STATEMENT | 12 Months Ended |
Dec. 31, 2022 | |
Disclosure of cash flow statement [Abstract] | |
CASH FLOW STATEMENT | NOTE 45: CASH FLOW STATEMENT (A) Change in operating assets 2022 £m 2021 1 £m 2020 1 £m Change in amounts due from fellow Lloyds Banking Group undertakings (77) (1) 1,116 Change in other financial assets held at amortised cost (167) 3,406 (8,714) Change in financial assets at fair value through profit or loss 427 (124) 610 Change in derivative financial instruments (2,877) 1,548 479 Change in other operating assets (206) 345 627 Change in operating assets (2,900) 5,174 (5,882) 1 Restated, see page F- 14 (B) Change in operating liabilities 2022 £m 2021 £m 2020 £m Change in deposits from banks and repurchase agreements 4,213 8,451 1,404 Change in customer deposits and repurchase agreements 12,365 14,825 37,728 Change in amounts due to fellow Lloyds Banking Group undertakings (603) (806) (1,316) Change in financial liabilities at fair value through profit or loss (859) (380) (946) Change in derivative financial instruments 1,248 (3,585) (1,603) Change in debt securities in issue 332 (10,569) (17,138) Change in other operating liabilities 1 198 174 (288) Change in operating liabilities 16,894 8,110 17,841 1 Includes a decrease of £150 million (2021: decrease of £182 million; 2020: decrease of £163 million) in respect of lease liabilities. (C) Non-cash and other items 2022 £m 2021 £m 2020 £m Depreciation and amortisation 2,348 2,777 2,670 Revaluation of investment properties – – 20 Allowance for loan losses 1,335 (1,085) 3,802 Write-off of allowance for loan losses, net of recoveries (759) (935) (1,279) Impairment charge (credit) relating to undrawn balances 111 (231) 253 Impairment of financial assets at fair value through other comprehensive income 6 (2) 5 Regulatory and legal provisions 225 1,177 414 Other provision movements (134) (82) 80 Net charge in respect of defined benefit schemes 125 236 247 Foreign exchange impact on balance sheet 1 30 159 823 Interest expense on subordinated liabilities 377 570 846 Other non-cash items (673) (1,173) (1,216) Total non-cash items 2,991 1,411 6,665 Contributions to defined benefit schemes (2,533) (1,347) (1,153) Payments in respect of regulatory and legal provisions (587) (680) (2,165) Other – (45) 137 Total other items (3,120) (2,072) (3,181) Non-cash and other items (129) (661) 3,484 1 When considering the movement on each line of the balance sheet, the impact of foreign exchange rate movements is removed in order to show the underlying cash impact. (D) Analysis of cash and cash equivalents as shown in the balance sheet 2022 £m 2021 1 £m 2020 1 £m Cash and balances at central banks 72,005 54,279 49,888 Less mandatory reserve deposits 2 (1,935) (2,007) (1,736) 70,070 52,272 48,152 Loans and advances to banks and reverse repurchase agreements 11,913 7,474 5,950 Less amounts with a maturity of three months or more (6,782) (3,786) (2,480) 5,131 3,688 3,470 Total cash and cash equivalents 75,201 55,960 51,622 1 Restated, see page F- 14 2 Mandatory reserve deposits are held with local central banks in accordance with statutory requirements. Where these deposits are not held in demand accounts and are not available to finance the Group’s day-to-day operations they are excluded from cash and cash equivalents. |
EVENTS SINCE THE BALANCE SHEET
EVENTS SINCE THE BALANCE SHEET DATE | 12 Months Ended |
Dec. 31, 2022 | |
Disclosure of events after reporting period [Abstract] | |
EVENTS SINCE THE BALANCE SHEET DATE | NOTE 46: EVENTS SINCE THE BALANCE SHEET DATE Acquisition of Tusker On 21 February 2023, Lloyds Bank Asset Finance Limited, a wholly-owned subsidiary of the Group, acquired 100 per cent of the ordinary share capital of Hamsard 3352 Limited (“Tusker”), which together with its subsidiaries operates a vehicle management and leasing business. The acquisition will enable the Group to expand its salary sacrifice proposition within motor finance. Cash consideration was approximately £300 million 1 . As a result of the limited time available between the acquisition and the approval of these financial statements, the Group is still in the process of finalising the fair value of the individual assets and liabilities acquired including the associated identifiable intangible assets and goodwill. 1 Subject to customary adjustments. |
FUTURE ACCOUNTING DEVELOPMENTS
FUTURE ACCOUNTING DEVELOPMENTS | 12 Months Ended |
Dec. 31, 2022 | |
Disclosure of events after reporting period [Abstract] | |
FUTURE ACCOUNTING DEVELOPMENTS | NOTE 47: 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 applicable for the year ended 31 December 2022 and have not been applied in preparing these financial statements. They are not expected to have a significant impact on the Group. |
ACCOUNTING POLICIES (Policies)
ACCOUNTING POLICIES (Policies) | 12 Months Ended |
Dec. 31, 2022 | |
Disclosure of significant accounting policies [Abstract] | |
Consolidation | The assets, liabilities and results of Group undertakings (including structured entities) are included in the financial statements on the basis of accounts made up to the reporting date. Group undertakings include subsidiaries, associates and joint ventures. (1) Subsidiaries Subsidiaries are entities controlled by the Group. The Group controls an entity when it has power over the entity, is exposed to, or has rights to, variable returns from its involvement with the entity, and has the ability to affect those returns through the exercise of its power. This generally accompanies a shareholding of more than one half of the voting rights although in certain circumstances a holding of less than one half of the voting rights may still result in the ability of the Group to exercise control. The existence and effect of potential voting rights that are currently exercisable or convertible are considered when assessing whether the Group controls another entity. The Group reassesses whether or not it controls an entity if facts and circumstances indicate that there have been changes to any of the above elements. Subsidiaries are fully consolidated from the date on which control is transferred to the Group; they are de-consolidated from the date that control ceases. Structured entities are entities that are designed so that their activities are not governed by way of voting rights. In assessing whether the Group has power over such entities in which it has an interest, the Group considers factors such as the purpose and design of the entity; its practical ability to direct the relevant activities of the entity; the nature of the relationship with the entity; and the size of its exposure to the variability of returns of the entity. The treatment of transactions with non-controlling interests depends on whether, as a result of the transaction, the Group loses control of the subsidiary. Changes in the parent’s ownership interest in a subsidiary that do not result in a loss of control are accounted for as equity transactions; any difference between the amount by which the non-controlling interests are adjusted and the fair value of the consideration paid or received is recognised directly in equity and attributed to the owners of the parent entity. Where the Group loses control of the subsidiary, at the date when control is lost the amount of any non-controlling interest in that former subsidiary is derecognised and any investment retained in the former subsidiary is remeasured to its fair value; the gain or loss that is recognised in profit or loss on the partial disposal of the subsidiary includes the gain or loss on the remeasurement of the retained interest. Intercompany transactions, balances and unrealised gains and losses on transactions between Group companies are eliminated. The acquisition method of accounting is used to account for business combinations by the Group. The consideration for the acquisition of a subsidiary is the fair value of the assets transferred, the liabilities incurred and the equity interests issued by the Group. The consideration includes the fair value of any asset or liability resulting from a contingent consideration arrangement. Acquisition-related costs are expensed as incurred except those relating to the issuance of debt instruments (see (E)(4) below) or share capital (see (O) below). Identifiable assets acquired and liabilities assumed in a business combination are measured initially at their fair value at the acquisition date. (2) Joint ventures and associates Joint ventures are joint arrangements over which the Group has joint control with other parties and has rights to the net assets of the arrangements. Joint control is the contractually agreed sharing of control of an arrangement and only exists when decisions about the relevant activities require the unanimous consent of the parties sharing control. Associates are entities over which the Group has significant influence. Significant influence is the power to participate in the financial and operating policy decisions of the entity, but is not control or joint control of those policies, and is generally achieved through holding between 20 per cent and 50 per cent of the voting share capital of the entity. The Group utilises the venture capital exemption for investments where significant influence or joint control is present and the business unit operates as a venture capital business. These investments are designated on initial recognition at fair value through profit or loss. Otherwise, the Group’s investments in joint ventures and associates are accounted for using the equity method of accounting. |
Goodwill | Goodwill arises on business combinations and represents the excess of the cost of an acquisition over the fair value of the Group’s share of the identifiable assets, liabilities and contingent liabilities acquired. Where the fair value of the Group’s share of the identifiable assets, liabilities and contingent liabilities of the acquired entity is greater than the cost of acquisition, the excess is recognised immediately in the income statement. Goodwill is recognised as an asset at cost and is tested at least annually for impairment. For impairment testing, goodwill is allocated to the cash generating unit (CGU) or groups of CGUs that are expected to benefit from the business combination. The Group's CGUs are largely product based for its Retail business and client based for its Commercial Banking business. An impairment loss is recognised if the carrying amount of a CGU is determined to be greater than its recoverable amount. The recoverable amount of a CGU is the higher of its fair value less costs to sell and its value in use. If an impairment is identified the carrying value of the goodwill is written down immediately through the income statement and this is not subsequently reversed. At the date of disposal of a subsidiary, the carrying value of attributable goodwill is included in the calculation of the profit or loss on disposal. |
Other intangible assets | Intangible assets which have been determined to have a finite useful life are amortised on a straight-line basis over their estimated useful life as follows: up to 7 years for capitalised software; 10 to 15 years for brands and other intangible assets. Intangible assets with finite useful lives are reviewed at each reporting date to assess whether there is any indication that they are impaired. If any such indication exists the recoverable amount of the asset is determined and in the event that the asset’s carrying amount is greater than its recoverable amount, it is written down immediately. Certain brands have been determined to have an indefinite useful life and are not amortised. Such intangible assets are assessed annually to determine whether the asset is impaired and to reconfirm that an indefinite useful life remains appropriate. In the event that an indefinite life is inappropriate, a finite life is determined and a further impairment review is performed on the asset. |
Revenue recognition | Interest income and expense are recognised in the income statement using the effective interest method for all interest-bearing financial instruments, except for those classified at fair value through profit or loss. The effective interest method is a method of calculating the amortised cost of a financial asset or liability and of allocating the interest income or interest expense over the expected life of the financial instrument. The effective interest rate is the rate that exactly discounts the estimated future cash payments or receipts over the expected life of the financial instrument to the gross carrying amount of the financial asset (before adjusting for expected credit losses) or to the amortised cost of the financial liability, including early redemption fees, other fees, and premiums and discounts that are an integral part of the overall return. In the case of financial assets that are purchased or originated credit-impaired, the effective interest rate is the rate that discounts the estimated future cash flows to the amortised cost of the instrument. Direct incremental transaction costs related to the acquisition, issue or disposal of a financial instrument are also taken into account. Interest income from non-credit impaired financial assets is recognised by applying the effective interest rate to the gross carrying amount of the asset; for credit impaired financial assets, the effective interest rate is applied to the net carrying amount after deducting the allowance for expected credit losses. Impairment policies are set out in (H) below. (2) Fee and commission income and expense Fees and commissions receivable which are not an integral part of the effective interest rate are recognised as income as the Group fulfils its performance obligations. The Group’s principal performance obligations arising from contracts with customers are in respect of value added current accounts, credit cards and debit cards. These fees are received, and the Group provides the service, monthly; the fees are recognised in income on this basis. The Group also receives certain fees in respect of its asset finance business where the performance obligations are typically fulfilled towards the end of the customer contract; these fees are recognised in income on this basis. Where it is unlikely that the loan commitments will be drawn, loan commitment fees are recognised in fee and commission income over the life of the facility, rather than as an adjustment to the effective interest rate for the lending expected to be drawn. Incremental costs incurred to generate fee and commission income are charged to fee and commission expense as they are incurred. (3) Other Dividend income is recognised when the right to receive payment is established. Revenue recognition policies specific to trading income are set out in (E)(3) below; and those relating to leases are set out in (J)(1) below. |
Financial assets and liabilities | On initial recognition, financial assets are classified as measured at amortised cost, fair value through other comprehensive income or fair value through profit or loss, depending on the Group’s business model for managing those financial assets and whether the resultant cash flows represent solely payments of principal and interest. The Group assesses its business models at a portfolio level based on its objectives for the relevant portfolio, how the performance of the portfolio is managed and reported, and the frequency of asset sales. Financial assets with embedded derivatives are considered in their entirety when considering their cash flow characteristics. The Group reclassifies financial assets only when its business model for managing those assets changes. A reclassification will only take place when the change is significant to the Group’s operations and will occur at a portfolio level and not for individual instruments; reclassifications are expected to be rare. Equity investments are measured at fair value through profit or loss unless the Group elects at initial recognition to account for the instruments at fair value through other comprehensive income. For these instruments, principally strategic investments, dividends are recognised in profit or loss but fair value gains and losses are not subsequently reclassified to profit or loss following derecognition of the investment. The Group initially recognises loans and advances, deposits, debt securities in issue and subordinated liabilities when the Group becomes a party to the contractual provisions of the instrument. Regular way purchases and sales of securities and other financial assets and trading liabilities are recognised on trade date, being the date that the Group is committed to purchase or sell an asset. Financial assets are derecognised when the contractual right to receive cash flows from those assets has expired or when the Group has transferred its contractual right to receive the cash flows from the assets and either: substantially all of the risks and rewards of ownership have been transferred; or the Group has neither retained nor transferred substantially all of the risks and rewards, but has transferred control. Financial liabilities are derecognised when the obligation is discharged, cancelled or expires. (1) Financial instruments measured at amortised cost Financial assets that are held to collect contractual cash flows where those cash flows represent solely payments of principal and interest are measured at amortised cost. A basic lending arrangement results in contractual cash flows that are solely payments of principal and interest on the principal amount outstanding. Where the contractual cash flows introduce exposure to risks or volatility unrelated to a basic lending arrangement such as changes in equity prices or commodity prices, the payments do not comprise solely principal and interest. Financial assets measured at amortised cost are predominantly loans and advances to customers and banks, reverse repurchase agreements and certain debt securities used by the Group to manage its liquidity. Loans and advances and reverse repurchase agreements are initially recognised when cash is advanced to the borrower at fair value inclusive of transaction costs. Interest income is accounted for using the effective interest method (see (D) above). Financial liabilities are measured at amortised cost, except for trading liabilities and other financial liabilities designated at fair value through profit or loss on initial recognition which are held at fair value. Where changes are made to the contractual cash flows of a financial asset or financial liability that are economically equivalent and arise as a direct consequence of interest rate benchmark reform, the Group updates the effective interest rate and does not recognise an immediate gain or loss. (2) Financial assets measured at fair value through other comprehensive income Financial assets that are held to collect contractual cash flows and for subsequent sale, where the assets’ cash flows represent solely payments of principal and interest, are recognised in the balance sheet at their fair value, inclusive of transaction costs. Interest calculated using the effective interest method and foreign exchange gains and losses on assets denominated in foreign currencies are recognised in the income statement. All other gains and losses arising from changes in fair value are recognised directly in other comprehensive income, until the financial asset is either sold or matures, at which time the cumulative gain or loss previously recognised in other comprehensive income is recognised in the income statement; other than in respect of equity shares, for which the cumulative revaluation amount is transferred directly to retained profits. The Group recognises a charge for expected credit losses in the income statement (see (H) below). As the asset is measured at fair value, the charge does not adjust the carrying value of the asset, and this is reflected in other comprehensive income. (3) Financial instruments measured at fair value through profit or loss Financial assets are classified at fair value through profit or loss where they do not meet the criteria to be measured at amortised cost or fair value through other comprehensive income or where they are designated at fair value through profit or loss to reduce an accounting mismatch. All derivatives are carried at fair value through profit or loss, other than those in effective cash flow and net investment hedging relationships. Derivatives are carried on the balance sheet as assets when their fair value is positive and as liabilities when their fair value is negative. Refer to note 41(3) (Financial instruments: Financial assets and liabilities carried at fair value) for details of valuation techniques and significant inputs to valuation models. Derivatives embedded in a financial asset are not considered separately; the financial asset is considered in its entirety when determining whether its cash flows are solely payments of principal and interest. Derivatives embedded in financial liabilities are treated as separate derivatives when their economic characteristics and risks are not closely related to those of the host contract and the host contract is not carried at fair value through profit or loss. These embedded derivatives are measured at fair value with changes in fair value recognised in the income statement. Trading securities, which are debt securities and equity shares acquired principally for the purpose of selling in the short term or which are part of a portfolio which is managed for short-term gains, do not meet these criteria and are also measured at fair value through profit or loss. Financial assets measured at fair value through profit or loss are recognised in the balance sheet at their fair value. Fair value gains and losses together with interest coupons and dividend income are recognised in the income statement within net trading income. Financial liabilities are measured at fair value through profit or loss where they are trading liabilities or where they are designated at fair value through profit or loss in order to reduce an accounting mismatch; where the liabilities are part of a group of liabilities (or assets and liabilities) which is managed, and its performance evaluated, on a fair value basis; or where the liabilities contain one or more embedded derivatives that significantly modify the cash flows arising under the contract and would otherwise need to be separately accounted for. Financial liabilities measured at fair value through profit or loss are recognised in the balance sheet at their fair value. Fair value gains and losses are recognised in the income statement within net trading income in the period in which they occur, except in the case of financial liabilities designated at fair value through profit or loss where gains and losses attributable to changes in own credit risk are recognised in other comprehensive income. The fair values of assets and liabilities traded in active markets are based on current bid and offer prices, respectively, which include the expected effects of potential changes to laws and regulations, risks associated with climate change and other factors. If the market is not active the Group establishes a fair value by using valuation techniques. The fair values of derivative financial instruments are adjusted where appropriate to reflect credit risk (via credit valuation adjustments (CVAs), debit valuation adjustments (DVAs) and funding valuation adjustments (FVAs)), market liquidity and other risks. (4) Borrowings Borrowings (which include deposits from banks, customer deposits, repurchase agreements, debt securities in issue and subordinated liabilities) are recognised initially at fair value, being their issue proceeds net of transaction costs incurred. These instruments are subsequently stated at amortised cost using the effective interest method. Preference shares and other instruments which carry a mandatory coupon or are redeemable on a specific date are classified as financial liabilities. The coupon on these instruments is recognised in the income statement as interest expense. Securities which carry a discretionary coupon and have no fixed maturity or redemption date are classified as other equity instruments. Interest payments on these securities are recognised as distributions from equity in the period in which they are paid. An exchange of financial liabilities on substantially different terms is accounted for as an extinguishment of the original financial liability and the recognition of a new financial liability. The difference between the carrying amount of a financial liability extinguished and the new financial liability is recognised in profit or loss together with any related costs or fees incurred. When a financial liability is exchanged for an equity instrument, the new equity instrument is recognised at fair value and any difference between the carrying value of the liability and the fair value of the new equity instrument is recognised in profit or loss. (5) Sale and repurchase agreements (including securities lending and borrowing) Securities sold subject to repurchase agreements (repos) continue to be recognised on the balance sheet where substantially all of the risks and rewards are retained. Funds received for repos carried at fair value are included within trading liabilities. Conversely, securities purchased under agreements to resell (reverse repos), where the Group does not acquire substantially all of the risks and rewards of ownership, are measured at amortised cost or at fair value. Those measured at fair value are recognised within trading securities. The difference between sale and repurchase price is treated as interest and accrued over the life of the agreements using the effective interest method. Securities borrowing and lending transactions are typically secured; collateral takes the form of securities or cash advanced or received. Securities lent to counterparties are retained on the balance sheet. Securities borrowed are not recognised on the balance sheet, unless these are sold to third parties, in which case the obligation to return them is recorded at fair value as a trading liability. Cash collateral given or received is treated as a loan and advance measured at amortised cost or customer deposit. |
Hedge accounting | As permitted by IFRS 9, the Group continues to apply the requirements of IAS 39 to its hedging relationships. Changes in the fair value of all derivative instruments, other than those in effective cash flow and net investment hedging relationships, are recognised immediately in the income statement. As noted in (2) and (3) below, the change in fair value of a derivative in an effective cash flow or net investment hedging relationship is allocated between the income statement and other comprehensive income. Hedge accounting allows one financial instrument, generally a derivative such as a swap, to be designated as a hedge of another financial instrument such as a loan or deposit or a portfolio of such instruments. At the inception of the hedge relationship, formal documentation is drawn up specifying the hedging strategy, the hedged item, the hedging instrument and the methodology that will be used to measure the effectiveness of the hedge relationship in offsetting changes in the fair value or cash flow of the hedged risk. The effectiveness of the hedging relationship is tested both at inception and throughout its life and if at any point it is concluded that it is no longer highly effective in achieving its documented objective, hedge accounting is discontinued. Note 14 provides details of the types of derivatives held by the Group and presents separately those designated in hedge relationships. Where there is uncertainty arising from interest rate benchmark reform, the Group assumes that the interest rate benchmark on which the hedged cash flows and/or the hedged risk are based, or the interest rate benchmark on which the cash flows of the hedging instrument are based, are not altered as a result of interest rate benchmark reform. The Group does not discontinue a hedging relationship during the period of uncertainty arising from the interest rate benchmark reform solely because the actual results of the hedge are not highly effective. Where the contractual terms of a financial asset, financial liability or derivative are amended, on an economically equivalent basis, as a direct consequence of interest rate benchmark reform, the uncertainty arising from the reform is no longer present. In these circumstances, the Group amends the hedge documentation to reflect the changes required by the reform; these changes to the documentation do not in and of themselves result in the discontinuation of hedge accounting or require the designation of a new hedge relationship. (1) Fair value hedges Changes in the fair value of derivatives that are designated and qualify as fair value hedges are recorded in the income statement, together with the changes in the fair value of the hedged asset or liability that are attributable to the hedged risk; this also applies if the hedged asset is classified as a financial asset at fair value through other comprehensive income. If the hedge no longer meets the criteria for hedge accounting, changes in the fair value of the hedged item attributable to the hedged risk are no longer recognised in the income statement. The cumulative adjustment that has been made to the carrying amount of the hedged item is amortised to the income statement using the effective interest method over the period to maturity. (2) Cash flow hedges The effective portion of changes in the fair value of derivatives that are designated and qualify as cash flow hedges is recognised in other comprehensive income in the cash flow hedging reserve. The gain or loss relating to the ineffective portion is recognised immediately in the income statement. Amounts accumulated in equity are reclassified to the income statement in the periods in which the hedged item affects profit or loss. When a hedging instrument expires or is sold, or when a hedge no longer meets the criteria for hedge accounting, any cumulative gain or loss existing in equity at that time remains in equity and is recognised in the income statement when the forecast transaction is ultimately recognised in the income statement. When a forecast transaction is no longer expected to occur, the cumulative gain or loss that was reported in equity is immediately transferred to the income statement. (3) Net investment hedges Hedges of net investments in foreign operations are accounted for similarly to cash flow hedges. Any gain or loss on the hedging instrument relating to the effective portion of the hedge is recognised in other comprehensive income, the gain or loss relating to the ineffective portion is recognised immediately in the income statement. Gains and losses accumulated in equity are included in the income statement when the foreign operation is disposed of. The hedging instruments used in net investment hedges may include non-derivative liabilities as well as derivative financial instruments. |
Offset | Financial assets and liabilities are offset and the net amount reported in the balance sheet when there is a legally enforceable right of offset and there is an intention to settle on a net basis, or realise the asset and settle the liability simultaneously. Cash collateral on exchange traded derivative transactions is presented gross unless the collateral cash flows are always settled net with the derivative cash flows. In certain situations, even though master netting agreements exist, the lack of management intention to settle on a net basis results in the financial assets and liabilities being reported gross on the balance sheet. |
Impairment of financial assets | The impairment charge in the income statement reflects the change in expected credit losses, including those arising from fraud. Expected credit losses are recognised for loans and advances to customers and banks, other financial assets held at amortised cost, financial assets (other than equity investments) measured at fair value through other comprehensive income, and certain loan commitments and financial guarantee contracts. Expected credit losses are calculated as an unbiased and probability-weighted estimate using an appropriate probability of default, adjusted to take into account a range of possible future economic scenarios, and applying this to the estimated exposure of the Group at the point of default after taking into account the value of any collateral held, repayments, or other mitigants of loss and including the impact of discounting using the effective interest rate. At initial recognition, allowance (or provision in the case of some loan commitments and financial guarantees) is made for expected credit losses resulting from default events that are possible within the next 12 months (12-month expected credit losses). In the event of a significant increase in credit risk since origination, allowance (or provision) is made for expected credit losses resulting from all possible default events over the expected life of the financial instrument (lifetime expected credit losses). Financial assets where 12-month expected credit losses are recognised are considered to be Stage 1; financial assets which are considered to have experienced a significant increase in credit risk since initial recognition are in Stage 2; and financial assets which have defaulted or are otherwise considered to be credit-impaired are allocated to Stage 3. Some Stage 3 assets, mainly in Commercial Banking, are subject to individual rather than collective assessment. Such cases are subject to a risk-based impairment sanctioning process, and these are reviewed and updated at least quarterly, or more frequently if there is a significant change in the credit profile. The collective assessment of impairment aggregates financial instruments with similar risk characteristics, such as whether the facility is revolving in nature or secured and the type of security held against financial assets. An assessment of whether credit risk has increased significantly since initial recognition considers the change in the risk of default occurring over the remaining expected life of the financial instrument. In determining whether there has been a significant increase in credit risk, the Group uses quantitative tests based on relative and absolute probability of default (PD) movements linked to internal credit ratings together with qualitative indicators such as watchlists and other indicators of historical delinquency, credit weakness or financial difficulty. The use of internal credit ratings and qualitative indicators ensures alignment between the assessment of staging and the Group’s management of credit risk which utilises these internal metrics within distinct retail and commercial portfolio risk management practices. However, unless identified at an earlier stage, the credit risk of financial assets is deemed to have increased significantly when more than 30 days past due. The use of a payment holiday in and of itself has not been judged to indicate a significant increase in credit risk, with the underlying long-term credit risk deemed to be driven by economic conditions and captured through the use of forward-looking models. These portfolio-level models are capturing the anticipated volume of increased defaults and therefore an appropriate assessment of staging and expected credit loss. Where the credit risk subsequently improves such that it no longer represents a significant increase in credit risk since initial recognition, the asset is transferred back to Stage 1. Assets are transferred to Stage 3 when they have defaulted or are otherwise considered to be credit-impaired. Default is considered to have occurred when there is evidence that the customer is experiencing financial difficulty which is likely to affect significantly the ability to repay the amount due. IFRS 9 contains a rebuttable presumption that default occurs no later than when a payment is 90 days past due which the Group now uses for all its products following changes to the definition of default for UK Mortgages on 1 January 2022. In addition, other indicators of mortgage default are added including end-of-term payments on past due interest-only accounts and loans considered non-performing due to recent arrears or forbearance. The use of payment holidays is not considered to be an automatic trigger of regulatory default and therefore does not automatically trigger Stage 3. Days past due will also not accumulate on any accounts that have taken a payment holiday including those already past due. In certain circumstances, the Group will renegotiate the original terms of a customer’s loan, either as part of an ongoing customer relationship or in response to adverse changes in the circumstances of the borrower. In the latter circumstances, the loan will remain classified as either Stage 2 or Stage 3 until the credit risk has improved such that it no longer represents a significant increase since origination (for a return to Stage 1), or the loan is no longer credit-impaired (for a return to Stage 2). On renegotiation the gross carrying amount of the loan is recalculated as the present value of the renegotiated or modified contractual cash flows, which are discounted at the original effective interest rate. Renegotiation may also lead to the loan and associated allowance being derecognised and a new loan being recognised initially at fair value. Purchased or originated credit-impaired financial assets (POCI) include financial assets that are purchased or originated at a deep discount that reflects incurred credit losses. At initial recognition, POCI assets do not carry an impairment allowance; instead, lifetime expected credit losses are incorporated into the calculation of the effective interest rate. All changes in lifetime expected credit losses subsequent to the assets’ initial recognition are recognised as an impairment charge. A loan or advance is normally written off, either partially or in full, against the related allowance when the proceeds from realising any available security have been received or there is no realistic prospect of recovery and the amount of the loss has been determined. Subsequent recoveries of amounts previously written off decrease the amount of impairment losses recorded in the income statement. For both secured and unsecured retail balances, the write-off takes place only once an extensive set of collections processes has been completed, or the status of the account reaches a point where policy dictates that continuing attempts to recover are no longer appropriate. For commercial lending, a write-off occurs if the loan facility with the customer is restructured, the asset is under administration and the only monies that can be received are the amounts estimated by the administrator, the underlying assets are disposed and a decision is made that no further settlement monies will be received, or external evidence (for example, third-party valuations) is available that there has been an irreversible decline in expected cash flows. |
Property, plant and equipment | Property, plant and equipment (other than investment property) is included at cost less accumulated depreciation. The value of land (included in premises) is not depreciated. Depreciation on other assets is calculated using the straight-line method to allocate the difference between the cost and the residual value over their estimated useful lives, as follows: the shorter of 50 years and the remaining period of the lease for freehold/long and short leasehold premises; the shorter of 10 years and, if lease renewal is not likely, the remaining period of the lease for leasehold improvements; 10 to 20 years for fixtures and furnishings; and 2 to 8 years for other equipment and motor vehicles. The assets’ residual values and useful lives are reviewed and, if appropriate, revised at each balance sheet date. Assets are reviewed for impairment whenever events or changes in circumstances indicate that the carrying amount may not be recoverable. In assessing the recoverable amount of assets the Group considers the effects of potential or actual changes in legislation, customer behaviour, climate-related risks and other factors on the asset’s CGU. In the event that an asset’s CGU carrying amount is determined to be greater than its recoverable amount the asset is written down immediately. Investment property comprises freehold and long leasehold land and buildings that are held either to earn rental income or for capital accretion or both. In accordance with the guidance published by the Royal Institution of Chartered Surveyors, investment property is carried at fair value based on current prices for similar properties, adjusted for the specific characteristics of the property (such as location or condition). If this information is not available, the Group uses alternative valuation methods such as discounted cash flow projections or recent prices in less active markets. These valuations are reviewed at least annually by independent professionally qualified valuers. Investment property being redeveloped for continuing use as investment property, or for which the market has become less active, continues to be valued at fair value. |
Leases | Under IFRS 16, a lessor is required to determine whether a lease is a finance or operating lease. A lessee is not required to make this determination. (1) As lessor Assets leased to customers are classified as finance leases if the lease agreements transfer substantially all of the risks and rewards of ownership to the lessee but not necessarily legal title. All other leases are classified as operating leases. When assets are subject to finance leases, the present value of the lease payments, together with any unguaranteed residual value, is recognised as a receivable, net of allowances for expected credit losses and residual value impairment, within loans and advances to banks and customers. The difference between the gross receivable and the present value of the receivable is recognised as unearned finance lease income. Finance lease income is recognised in interest income over the term of the lease using the net investment method (before tax) so as to give a constant rate of return on the net investment in the lease. Unguaranteed residual values are reviewed regularly to identify any impairment. Operating lease assets are included within other assets at cost and depreciated over their estimated useful lives. The depreciation charge is based on the asset’s residual value and the life of the lease. Operating lease rental income is recognised on a straight-line basis over the life of the lease. The Group evaluates non-lease arrangements such as outsourcing and similar contracts to determine if they contain a lease which is then accounted for separately. (2) As lessee Leases are recognised as a right-of-use asset and a corresponding liability at the date at which the leased asset is available for use by the Group. Assets and liabilities arising from a lease are initially measured on a present value basis. The lease payments are discounted using the interest rate implicit in the lease, if that rate can be determined, or the Group’s incremental borrowing rate appropriate for the right-of-use asset arising from the lease, and the liability recognised within other liabilities. Lease payments are allocated between the liability and finance cost. The finance cost is charged to profit or loss over the lease period so as to produce a constant periodic rate of interest on the remaining balance of the liability for each period. The right-of-use asset is depreciated over the shorter of the asset’s useful life and the lease term on a straight-line basis. Payments associated with short-term leases and leases of low-value assets are recognised on a straight-line basis as an expense in profit or loss. Short-term leases are leases with a lease term of twelve months or less. Low-value assets comprise IT equipment and small items of office furniture. |
Employee benefits | Short-term employee benefits, such as salaries, paid absences, performance-based cash awards and social security costs, are recognised over the period in which the employees provide the related services. (1) Pension schemes The Group operates a number of post-retirement benefit schemes for its employees including both defined benefit and defined contribution pension plans. A defined benefit scheme is a pension plan that defines an amount of pension benefit that an employee will receive on retirement, dependent on one or more factors such as age, years of pensionable service and pensionable salary. A defined contribution plan is a pension plan into which the Group pays fixed contributions; there is no legal or constructive obligation to pay further contributions. (i) Defined benefit schemes Scheme assets are included at their fair value and scheme liabilities are measured on an actuarial basis using the projected unit credit method. The defined benefit scheme liabilities are discounted using rates equivalent to the market yields at the balance sheet date on high-quality corporate bonds that are denominated in the currency in which the benefits will be paid, and that have terms to maturity approximating to the terms of the related pension liability. The Group’s income statement charge includes the current service cost of providing pension benefits, past service costs, net interest expense (income), and plan administration costs that are not deducted from the return on plan assets. Past service costs, which represents the change in the present value of the defined benefit obligation resulting from a plan amendment or curtailment, are recognised when the plan amendment or curtailment occurs. Net interest expense (income) is calculated by applying the discount rate at the beginning of the period to the net defined benefit liability or asset. Remeasurements, comprising actuarial gains and losses, the return on plan assets (excluding amounts included in net interest expense (income) and net of the cost of managing the plan assets), and the effect of changes to the asset ceiling (if applicable) are reflected immediately in the balance sheet with a charge or credit recognised in other comprehensive income in the period in which they occur. Remeasurements recognised in other comprehensive income are reflected immediately in retained profits and will not subsequently be reclassified to profit or loss. The Group’s balance sheet includes the net surplus or deficit, being the difference between the fair value of scheme assets and the discounted value of scheme liabilities at the balance sheet date. Surpluses are only recognised to the extent that they are recoverable through reduced contributions in the future or through refunds from the schemes. In assessing whether a surplus is recoverable, the Group considers (i) its current right to obtain a refund or a reduction in future contributions and (ii) the rights of other parties existing at the balance sheet date. In determining the rights of third parties existing at the balance sheet date, the Group does not anticipate any future acts by other parties. (ii) Defined contribution schemes The costs of the Group’s defined contribution plans are charged to the income statement in the period in which they fall due. (2) Share-based compensation Lloyds Banking Group operates a number of equity-settled, share-based compensation plans in respect of services received from certain of its employees. The value of the employee services received in exchange for equity instruments granted under these plans is recognised as an expense over the vesting period of the instruments, with a corresponding increase in equity. This expense is determined by reference to the fair value of the number of equity instruments that are expected to vest. The fair value of equity instruments granted is based on market prices, if available, at the date of grant. In the absence of market prices, the fair value of the instruments at the date of grant is estimated using an appropriate valuation technique, such as a Black-Scholes option pricing model or a Monte Carlo simulation. The determination of fair values excludes the impact of any non-market vesting conditions, which are included in the assumptions used to estimate the number of options that are expected to vest. At each balance sheet date, this estimate is reassessed and if necessary revised. Any revision of the original estimate is recognised in the income statement, together with a corresponding adjustment to equity. Cancellations by employees of contributions to the Group’s Save As You Earn plans are treated as non-vesting conditions and the Group recognises, in the year of cancellation, the amount of the expense that would have otherwise been recognised over the remainder of the vesting period. Modifications are assessed at the date of modification and any incremental charges are charged to the income statement. |
Taxation | Tax expense comprises current and deferred tax. Current and deferred tax are charged or credited in the income statement except to the extent that the tax arises from a transaction or event which is recognised, in the same or a different period, outside the income statement (either in other comprehensive income, directly in equity, or through a business combination), in which case the tax appears in the same statement as the transaction that gave rise to it. The tax consequences of the Group’s dividend payments (including distributions on other equity instruments), if any, are charged or credited to the statement in which the profit distributed originally arose. Current tax is the amount of corporate income taxes expected to be payable or recoverable based on the profit for the period as adjusted for items that are not taxable or not deductible, and is calculated using tax rates and laws that were enacted or substantively enacted at the balance sheet date. Current tax includes amounts provided in respect of uncertain tax positions when management expects that, upon examination of the uncertainty by His Majesty’s Revenue and Customs (HMRC) or other relevant tax authority, it is more likely than not that an economic outflow will occur. Provisions reflect management’s best estimate of the ultimate liability based on their interpretation of tax law, precedent and guidance, informed by external tax advice as necessary. Changes in facts and circumstances underlying these provisions are reassessed at each balance sheet date, and the provisions are remeasured as required to reflect current information. Deferred tax is recognised on temporary differences arising between the tax bases of assets and liabilities and their carrying amounts in the balance sheet. Deferred tax is calculated using tax rates and laws that have been enacted or substantively enacted at the balance sheet date, and which are expected to apply when the related deferred tax asset is realised or the deferred tax liability is settled. Deferred tax liabilities are generally recognised for all taxable temporary differences but not recognised for taxable temporary differences arising on investments in subsidiaries where the reversal of the temporary difference can be controlled and it is probable that the difference will not reverse in the foreseeable future. Deferred tax liabilities are not recognised on temporary differences that arise from goodwill which is not deductible for tax purposes. Deferred tax assets are recognised to the extent it is probable that taxable profits will be available against which the deductible temporary differences can be utilised, and are reviewed at each balance sheet date and reduced to the extent that it is no longer probable that sufficient taxable profits will be available to allow all or part of the asset to be recovered. Deferred tax assets and liabilities are not recognised in respect of temporary differences that arise on initial recognition of assets and liabilities acquired other than in a business combination. Deferred tax is not discounted. |
Foreign currency translation | Items included in the financial statements of each of the Group’s entities are measured using the currency of the primary economic environment in which the entity operates (the functional currency). Foreign currency transactions are translated into the appropriate functional currency using the exchange rates prevailing at the dates of the transactions. Foreign exchange gains and losses resulting from the settlement of such transactions and from the translation at year end exchange rates of monetary assets and liabilities denominated in foreign currencies are recognised in the income statement, except when recognised in other comprehensive income as qualifying cash flow or net investment hedges. Non-monetary assets that are measured at fair value are translated using the exchange rate at the date that the fair value was determined. Translation differences on equities and similar non-monetary items held at fair value through profit and loss are recognised in profit or loss as part of the fair value gain or loss. Translation differences on non-monetary financial assets measured at fair value through other comprehensive income, such as equity shares, are included in the fair value reserve in equity unless the asset is a hedged item in a fair value hedge. The results and financial position of all Group entities that have a functional currency different from the presentation currency are translated into the presentation currency as follows: the assets and liabilities of foreign operations, including goodwill and fair value adjustments arising on the acquisition of a foreign entity, are translated into sterling at foreign exchange rates ruling at the balance sheet date; and the income and expenses of foreign operations are translated into sterling at average exchange rates unless these do not approximate to the foreign exchange rates ruling at the dates of the transactions, in which case income and expenses are translated at the dates of the transactions. Foreign exchange differences arising on the translation of a foreign operation are recognised in other comprehensive income and accumulated in a separate component of equity together with exchange differences arising from the translation of borrowings and other currency instruments designated as hedges of such investments (see (F)(3) above). On disposal or liquidation of a foreign operation, the cumulative amount of exchange differences relating to that foreign operation is reclassified from equity and included in determining the profit or loss arising on disposal or liquidation. |
Provisions and contingent liabilities | Provisions are recognised in respect of present obligations arising from past events where it is probable that outflows of resources will be required to settle the obligations and they can be reliably estimated. Contingent liabilities are possible obligations whose existence depends on the outcome of uncertain future events or those present obligations where the outflows of resources are uncertain or cannot be measured reliably. Contingent liabilities are not recognised in the financial statements but are disclosed unless they are remote. Provision is made for expected credit losses in respect of irrevocable undrawn loan commitments and financial guarantee contracts (see (H) above). |
Share capital | Incremental costs directly attributable to the issue of new shares or options or to the acquisition of a business are shown in equity as a deduction, net of tax, from the proceeds. Dividends paid on the Group’s ordinary shares are recognised as a reduction in equity in the period in which they are paid. |
Cash and cash equivalents | For the purposes of the cash flow statement, cash and cash equivalents comprise cash and non-mandatory deposits held with central banks, mandatory deposits held with central banks in demand accounts and amounts due from banks with an original maturity of less than three months that are available to finance the Group’s day-to-day operations. |
CHANGES TO COMPARATIVE DATA (Ta
CHANGES TO COMPARATIVE DATA (Tables) | 12 Months Ended |
Dec. 31, 2022 | |
Disclosure of reclassifications or changes in presentation [abstract] | |
Disclosure of reclassifications or changes in presentation | Consolidated cash flow statement for the year ended 31 December 2020 As reported Adjustments As reported Cash flows from operating activities Profit before tax 1,329 – 1,329 Adjustments for: Change in operating assets (6,856) 974 (5,882) Change in operating liabilities 17,841 – 17,841 Non-cash and other items 3,484 – 3,484 Tax paid (net) (616) – (616) Net cash provided by operating activities 15,182 974 16,156 Cash flows from investing activities Purchase of financial assets (8,539) – (8,539) Proceeds from sale and maturity of financial assets 6,225 – 6,225 Purchase of fixed assets (2,815) – (2,815) Proceeds from sale of fixed assets 1,063 – 1,063 Acquisition of businesses, net of cash acquired – – – Disposal of businesses, net of cash disposed – – – Net cash provided by (used in) investing activities (4,066) – (4,066) Cash flows from financing activities Dividends paid to ordinary shareholders – – – Distributions on other equity instruments (417) – (417) Dividends paid to non-controlling interests (7) – (7) Return of capital contributions (4) – (4) Interest paid on subordinated liabilities (852) – (852) Proceeds from issue of subordinated liabilities 303 – 303 Proceeds from issue of other equity instruments 1,070 – 1,070 Repayment of subordinated liabilities (4,156) – (4,156) Repurchases and redemptions of other equity instruments – – – Borrowings from parent company 4,799 – 4,799 Repayments of borrowings to parent company (1,403) – (1,403) Interest paid on borrowings from parent company (98) – (98) Net cash used in financing activities (765) – (765) Effects of exchange rate changes on cash and cash equivalents 1 – 1 Change in cash and cash equivalents 10,352 974 11,326 Cash and cash equivalents at beginning of year 38,614 1,682 40,296 Cash and cash equivalents at end of year 48,966 2,656 51,622 Note 45(A): Consolidated cash flow statement for the year ended 31 December 2020 (A) Change in operating assets As reported Adjustments As reported Change in amounts due from fellow Lloyds Banking Group undertakings 1,116 – 1,116 Change in other financial assets held at amortised cost (9,688) 974 (8,714) Change in financial assets at fair value through profit or loss 610 – 610 Change in derivative financial instruments 479 – 479 Change in other operating assets 627 – 627 Change in operating assets (6,856) 974 (5,882) Note 45(D): Consolidated cash flow statement for the year ended 31 December 2020 (D) Analysis of cash and cash equivalents as shown in the balance sheet As reported Adjustments As reported Cash and balances at central banks 49,888 – 49,888 Less mandatory reserve deposits 1 (4,392) 2,656 (1,736) 45,496 2,656 48,152 Loans and advances to banks and reverse repurchase agreements 5,950 – 5,950 Less amounts with a maturity of three months or more (2,480) – (2,480) 3,470 – 3,470 Total cash and cash equivalents 48,966 2,656 51,622 1 Mandatory reserve deposits are held with local central banks in accordance with statutory requirements. Where these deposits are not held in demand accounts and are not available to finance the Group’s day-to-day operations they are excluded from cash and cash equivalents. Comparatives have been restated as a result of the Lloyds Banking Group restructure effective from 1 July 2022 and other methodology changes (see note 4). Note 4: Segmental analysis for the year ended 31 December 2020 As reported in 2021 Retail Commercial Other Group Year ended 31 December 2020 1 Net interest income 8,321 2,300 149 10,770 Other income 1,735 673 1,407 3,815 Total income 10,056 2,973 1,556 14,585 Operating expenses (5,816) (1,673) (1,707) (9,196) Impairment charge (2,384) (1,280) (396) (4,060) Profit before tax 1,856 20 (547) 1,329 External income 11,859 2,496 230 14,585 Inter-segment (expense) income (1,803) 477 1,326 – Segment income 10,056 2,973 1,556 14,585 Segment external assets 359,171 83,155 157,613 599,939 Segment external liabilities 295,216 126,008 137,597 558,821 Analysis of segment other income: Fee and commission income: Current accounts 497 109 4 610 Credit and debit card fees 517 231 – 748 Commercial banking fees – 169 – 169 Factoring – 76 – 76 Other fees and commissions 63 157 101 321 Fee and commission income 1,077 742 105 1,924 Fee and commission expense (571) (195) (143) (909) Net fee and commission income 506 547 (38) 1,015 Operating lease rental income 1,104 16 – 1,120 Gains less losses on disposal of financial assets at fair value through other comprehensive income – – 145 145 Other income 125 110 1,300 1,535 Segment other income 1,735 673 1,407 3,815 Other segment items reflected in income statement above: Depreciation and amortisation 1,760 242 668 2,670 Defined benefit scheme charges 97 28 122 247 Other segment items: Additions to fixed assets 1,684 89 1,042 2,815 Note 4: Segmental analysis for the year ended 31 December 2020 Adjustments Retail Commercial Other Group Year ended 31 December 2020 1 Net interest income (4) 171 (167) – Other income (127) 136 (9) – Total income (131) 307 (176) – Operating expenses (59) (405) 464 – Impairment charge 110 (117) 7 – Profit before tax (80) (215) 295 – External income (369) 354 15 – Inter-segment (expense) income 238 (47) (191) – Segment income (131) 307 (176) – Segment external assets (7,987) 9,051 (1,064) – Segment external liabilities (10,594) 24,720 (14,126) – Analysis of segment other income: Fee and commission income: Current accounts (69) 73 (4) – Credit and debit card fees (70) 70 – – Commercial banking fees – – – – Factoring – – – – Other fees and commissions 9 2 (11) – Fee and commission income (130) 145 (15) – Fee and commission expense (14) (12) 26 – Net fee and commission income (144) 133 11 – Operating lease rental income – – – – Gains less losses on disposal of financial assets at fair value through other comprehensive income – – – – Other income 17 3 (20) – Segment other income (127) 136 (9) – Other segment items reflected in income statement above: Depreciation and amortisation – – – – Defined benefit scheme charges 3 2 (5) – Non-income statement segment items: Additions to fixed assets – – – – Note 4: Segmental analysis for the year ended 31 December 2020 As reported in 2022 Retail Commercial Other Group Year ended 31 December 2020 1 Net interest income 8,317 2,471 (18) 10,770 Other income 1,608 809 1,398 3,815 Total income 9,925 3,280 1,380 14,585 Operating expenses (5,875) (2,078) (1,243) (9,196) Impairment charge (2,274) (1,397) (389) (4,060) Profit (loss) before tax 1,776 (195) (252) 1,329 External income 11,490 2,850 245 14,585 Inter-segment (expense) income (1,565) 430 1,135 – Segment income 9,925 3,280 1,380 14,585 Segment external assets 351,184 92,206 156,549 599,939 Segment external liabilities 284,622 150,728 123,471 558,821 Analysis of segment other income: Fee and commission income: Current accounts 428 182 – 610 Credit and debit card fees 447 301 – 748 Commercial banking fees – 169 – 169 Factoring – 76 – 76 Other fees and commissions 72 159 90 321 Fee and commission income 947 887 90 1,924 Fee and commission expense (585) (207) (117) (909) Net fee and commission income 362 680 (27) 1,015 Operating lease rental income 1,104 16 – 1,120 Gains less losses on disposal of financial assets at fair value through other comprehensive income – – 145 145 Other income 142 113 1,280 1,535 Segment other income 1,608 809 1,398 3,815 Other segment items reflected in income statement above: Depreciation and amortisation 1,760 242 668 2,670 Defined benefit scheme charges 100 30 117 247 Non-income statement segment items: Additions to fixed assets 1,684 89 1,042 2,815 |
CRITICAL ACCOUNTING JUDGEMENT_2
CRITICAL ACCOUNTING JUDGEMENTS AND KEY SOURCES OF ESTIMATION UNCERTAINTY (Tables) | 12 Months Ended |
Dec. 31, 2022 | |
Disclosure of accounting judgements and estimates [Abstract] | |
Disclosure of Detailed Information about Allowance For Expected Credit Losses | Critical judgements: Determining an appropriate definition of default against which a probability of default, exposure at default and loss given default parameter can be evaluated Establishing the criteria for a significant increase in credit risk (SICR) The use of management judgement alongside impairment modelling processes to adjust inputs, parameters and outputs to reflect risks not captured by models Key source of estimation uncertainty: Base case and multiple economic scenarios (MES) assumptions, including the rate of unemployment and the rate of change of house prices, required for creation of MES scenarios and forward-looking credit parameters |
Disclosure of Detailed Information about Defined Benefit Pension Scheme Obligations | Critical judgement: Determination of an appropriate yield curve Key sources of estimation uncertainty: Discount rate applied to future cash flows Expected lifetime of the schemes’ members Expected rate of future inflationary increases |
Disclosure of Detailed Information about Recoverability of Deferred Tax Assets and Uncertain Tax Positions | Critical judgement: Interpreting tax rules on the Group’s open tax matters |
Disclosure of Detailed Information about Regulatory Positions | Critical judgements: Determining the scope of reviews required by regulators The impact of legal decisions that may be relevant to claims received Determining whether a reliable estimate is available for obligations arising from past events Key sources of estimation uncertainty: The number of future complaints The proportion of complaints that will be upheld The average cost of redress |
Disclosure of Detailed Information about Fair Value of Financial Instruments | Key source of estimation uncertainty: Interest rate spreads, earnings multiples and interest rate volatility |
Disclosure of Detailed Information about Capitalised Software Enhancements | Critical judgement: Assessing future trading conditions that could affect the Group’s business operations Key source of estimation uncertainty: Estimated useful life of internally generated capitalised software |
SEGMENTAL ANALYSIS (Tables)
SEGMENTAL ANALYSIS (Tables) | 12 Months Ended |
Dec. 31, 2022 | |
Disclosure of operating segments [abstract] | |
Schedule of Operating Segments | Retail Commercial Other Group Year ended 31 December 2022 Net interest income 9,746 3,227 132 13,105 Other income 1,684 947 1,009 3,640 Total income 11,430 4,174 1,141 16,745 Operating expenses (5,696) (2,207) (1,296) (9,199) Impairment (charge) credit (1,373) (471) 392 (1,452) Profit before tax 4,361 1,496 237 6,094 External income 11,996 3,375 1,374 16,745 Inter-segment (expense) income (566) 799 (233) – Segment income 11,430 4,174 1,141 16,745 Segment external assets 372,585 89,536 154,807 616,928 Segment external liabilities 314,051 140,923 122,895 577,869 Analysis of segment other income: Fee and commission income: Current accounts 420 222 – 642 Credit and debit card fees 734 456 – 1,190 Commercial banking fees – 196 – 196 Factoring – 79 – 79 Other fees and commissions 66 149 30 245 Fee and commission income 1,220 1,102 30 2,352 Fee and commission expense (665) (280) (156) (1,101) Net fee and commission income 555 822 (126) 1,251 Operating lease rental income 1,065 12 – 1,077 Gains less losses on disposal of financial assets at fair value through other comprehensive income – – (76) (76) Other income 64 113 1,211 1,388 Segment other income 1,684 947 1,009 3,640 Other segment items reflected in income statement above: Depreciation and amortisation 1,216 195 937 2,348 Defined benefit scheme charges 72 28 25 125 Non-income statement segment items: Additions to fixed assets 2,146 94 1,464 3,704 Retail Commercial Other Group Year ended 31 December 2021 1 Net interest income 8,515 2,479 42 11,036 Other income 1,596 918 1,123 3,637 Total income 10,111 3,397 1,165 14,673 Operating expenses (5,878) (2,732) (1,596) (10,206) Impairment credit (charge) 447 869 2 1,318 Profit (loss) before tax 4,680 1,534 (429) 5,785 External income 11,200 3,172 301 14,673 Inter-segment (expense) income (1,089) 225 864 – Segment income 10,111 3,397 1,165 14,673 Segment external assets 364,375 85,806 152,668 602,849 Segment external liabilities 312,578 145,273 104,226 562,077 Analysis of segment other income: Fee and commission income: Current accounts 425 209 – 634 Credit and debit card fees 533 345 – 878 Commercial banking fees – 247 37 284 Factoring – 76 – 76 Other fees and commissions 65 171 87 323 Fee and commission income 1,023 1,048 124 2,195 Fee and commission expense (571) (247) (124) (942) Net fee and commission income 452 801 – 1,253 Operating lease rental income 1,046 13 – 1,059 Gains less losses on disposal of financial assets at fair value through other comprehensive income – – (116) (116) Other income 98 104 1,239 1,441 Segment other income 1,596 918 1,123 3,637 Other segment items reflected in income statement above: Depreciation and amortisation 1,525 273 979 2,777 Defined benefit scheme charges 89 29 118 236 Non-income statement segment items: Additions to fixed assets 1,922 168 1,012 3,102 1 Restated, see page F- 28 Retail Commercial Other Group Year ended 31 December 2020 1 Net interest income 8,317 2,471 (18) 10,770 Other income 1,608 809 1,398 3,815 Total income 9,925 3,280 1,380 14,585 Operating expenses (5,875) (2,078) (1,243) (9,196) Impairment charge (2,274) (1,397) (389) (4,060) Profit (loss) before tax 1,776 (195) (252) 1,329 External income 11,490 2,850 245 14,585 Inter-segment (expense) income (1,565) 430 1,135 – Segment income 9,925 3,280 1,380 14,585 Segment external assets 351,184 92,206 156,549 599,939 Segment external liabilities 284,622 150,728 123,471 558,821 Analysis of segment other income: Fee and commission income: Current accounts 428 182 – 610 Credit and debit card fees 447 301 – 748 Commercial banking fees – 169 – 169 Factoring – 76 – 76 Other fees and commissions 72 159 90 321 Fee and commission income 947 887 90 1,924 Fee and commission expense (585) (207) (117) (909) Net fee and commission income 362 680 (27) 1,015 Operating lease rental income 1,104 16 – 1,120 Gains less losses on disposal of financial assets at fair value through other comprehensive income – – 145 145 Other income 142 113 1,280 1,535 Segment other income 1,608 809 1,398 3,815 Other segment items reflected in income statement above: Depreciation and amortisation 1,760 242 668 2,670 Defined benefit scheme charges 100 30 117 247 Non-income statement segment items: Additions to fixed assets 1,684 89 1,042 2,815 1 Restated, see page F- 28 |
NET INTEREST INCOME (Tables)
NET INTEREST INCOME (Tables) | 12 Months Ended |
Dec. 31, 2022 | |
Disclosure of interest income (expense) [Abstract] | |
Schedule of Net Interest Income | Weighted average effective interest rate 2022 % 2021 % 2020 % 2022 £m 2021 £m 2020 £m Interest income: Loans and advances to banks and reverse repurchase agreements 1.16 0.11 0.20 947 70 114 Loans and advances to customers and reverse repurchase agreements 3.01 2.55 2.76 14,523 12,334 13,358 Debt securities 2.22 1.57 1.82 145 74 92 Financial assets held at amortised cost 2.73 2.27 2.48 15,615 12,478 13,564 Financial assets at fair value through other comprehensive income 4.02 1.69 1.12 947 442 302 Total interest income 1 2.79 2.24 2.42 16,562 12,920 13,866 Interest expense: Deposits from banks 1.90 1.34 1.19 (78) (66) (82) Customer deposits 0.34 0.12 0.40 (1,083) (386) (1,270) Repurchase agreements at amortised cost 1.79 0.10 0.36 (827) (22) (117) Debt securities in issue 2 2.08 1.37 1.13 (1,075) (746) (761) Lease liabilities 2.07 2.01 2.36 (27) (30) (39) Subordinated liabilities 5.55 7.01 7.19 (367) (634) (827) Total interest expense 3 0.81 0.45 0.71 (3,457) (1,884) (3,096) Net interest income 13,105 11,036 10,770 1 Includes £21 million (2021: £10 million; 2020: £10 million) of interest income on liabilities with negative interest rates, £29 million (2021: £38 million; 2020: £42 million) in respect of interest income on finance leases and £682 million (2021: £695 million) in respect of hire purchase receivables. 2 The impact of the Group’s hedging arrangements is included on this line; excluding this impact the weighted average effective interest rate in respect of debt securities in issue would be 4.17 per cent (2021: 2.30 per cent; 2020: 2.42 per cent). 3 Includes £5 million (2021: £2 million; 2020: £23 million) of interest expense on assets with negative interest rates. |
NET FEE AND COMMISSION INCOME (
NET FEE AND COMMISSION INCOME (Tables) | 12 Months Ended |
Dec. 31, 2022 | |
Disclosure of fee and commission income (expense) [Abstract] | |
Schedule of Fee and Commission Income | 2022 £m 2021 £m 2020 £m Fee and commission income: Current accounts 642 634 610 Credit and debit card fees 1,190 878 748 Commercial banking fees 196 284 169 Factoring 79 76 76 Other fees and commissions 245 323 321 Total fee and commission income 2,352 2,195 1,924 Fee and commission expense (1,101) (942) (909) Net fee and commission income 1,251 1,253 1,015 |
NET TRADING INCOME (Tables)
NET TRADING INCOME (Tables) | 12 Months Ended |
Dec. 31, 2022 | |
Disclosure of trading income (expense) [Abstract] | |
Disclosure of Detailed Information about Net Trading Income (Expense) | 2022 £m 2021 £m 2020 £m Foreign exchange translation gains 6 10 74 Gains on foreign exchange trading transactions 341 329 326 Total foreign exchange 347 339 400 Investment property losses – – (20) Securities and other (losses) gains (see below) (167) 46 370 Net trading income 180 385 750 |
Disclosure of Detailed Information about Net Gains (Losses) on Assets and Liabilities at Fair Value Through Profit And Loss | Securities and other gains comprise net gains (losses) arising on assets and liabilities held at fair value through profit or loss as follows: 2022 £m 2021 £m 2020 £m Net income arising on assets and liabilities mandatorily held at fair value through profit or loss: Financial instruments held for trading 1 (24) 94 440 Other financial instruments mandatorily held at fair value through profit or loss: Debt securities, loans and advances 7 6 37 Equity shares 3 11 9 (14) 111 486 Net expense arising on assets and liabilities designated at fair value through profit or loss (153) (65) (116) Securities and other (losses) gains (167) 46 370 1 Includes hedge ineffectiveness in respect of fair value hedges (2022: loss of £21 million, 2021: gain of £195 million; 2020: gain of £546 million) and cash flow hedges (2022: loss of £6 million, 2021: loss of £58 million; 2020: gain of £259 million). |
OTHER OPERATING INCOME (Tables)
OTHER OPERATING INCOME (Tables) | 12 Months Ended |
Dec. 31, 2022 | |
Disclosure of other operating income (expense) [Abstract] | |
Schedule of Other Operating Income | 2022 £m 2021 £m 2020 £m Operating lease rental income 1,077 1,059 1,120 Gains less losses on disposal of financial assets at fair value through other comprehensive income (note 33) (76) (116) 145 Liability management (21) (39) (216) Intercompany recharges and other 1,229 1,095 1,001 Total other operating income 2,209 1,999 2,050 |
OPERATING EXPENSES (Tables)
OPERATING EXPENSES (Tables) | 12 Months Ended |
Dec. 31, 2022 | |
Disclosure of expenses [Abstract] | |
Schedule of Operating Expenses | 2022 £m 2021 £m 2020 £m Staff costs: Salaries 2,350 2,260 2,382 Performance-based compensation 409 282 106 Social security costs 322 290 271 Pensions and other post-retirement benefit schemes (note 27) 439 523 552 Restructuring costs 36 88 161 Other staff costs 297 249 143 3,853 3,692 3,615 Premises and equipment costs: Rent and rates 102 116 115 Repairs and maintenance 136 161 172 Other 1 54 (62) 138 292 215 425 Other expenses: Communications and data processing 1,412 1,154 996 Advertising and promotion 170 161 184 Professional fees 210 150 128 Regulatory and legal provisions (note 29) 225 1,177 414 Other 689 880 760 2,706 3,522 2,482 Depreciation and amortisation: Depreciation of property, plant and equipment 2 1,453 1,823 2,017 Amortisation of other intangible assets (note 20) 895 954 653 2,348 2,777 2,670 Goodwill impairment (note 19) – – 4 Total operating expenses 9,199 10,206 9,196 1 Net of profits on disposal of operating lease assets of £197 million (2021: £249 million; 2020: £127 million). 2 Comprising depreciation in respect of premises £112 million (2021: £121 million; 2020: £124 million), equipment £558 million (2021: £777 million; 2020: £676 million), operating lease assets £570 million (2021: £709 million; 2020: £1,002 million) and right-of-use assets £213 million (2021: £216 million; 2020: £215 million). |
Schedule of Average Number of Persons Employed by the Group | The average number of persons on a headcount basis employed by the Group during the year was as follows: 2022 2021 2020 UK 62,062 63,649 67,115 Overseas 487 512 515 Total 62,549 64,161 67,630 |
AUDITORS' REMUNERATION (Tables)
AUDITORS' REMUNERATION (Tables) | 12 Months Ended |
Dec. 31, 2022 | |
Disclosure of transactions between related parties [abstract] | |
Schedule of Fees Payable to Auditors | Fees payable to the Bank's auditors 1 by the Group are as follows: 2022 £m 2021 £m 2020 £m Fees payable for the: – audit of the Bank's current year Annual report 4.9 4.7 4.5 – audits of the Bank's subsidiaries 10.8 9.5 8.9 – total audit fees in respect of the statutory audit of Group entities 2 15.7 14.2 13.4 – services normally provided in connection with statutory and regulatory filings or engagements 0.8 0.7 1.6 Total audit fees 3 16.5 14.9 15.0 Other audit-related fees 3 0.4 0.4 0.3 All other fees 3 0.2 0.5 0.9 Total non-audit services 4 0.6 0.9 1.2 Total fees payable to the Bank’s auditors by the Group 17.1 15.8 16.2 1 Deloitte LLP became the Group’s statutory auditor in 2021. PricewaterhouseCoopers LLP was the statutory auditor during 2020. 2 As defined by the Financial Reporting Council (FRC). 3 As defined by the Securities and Exchange Commission (SEC). 4 As defined by the SEC. Total non-audit services as defined by the FRC include all fees other than audit fees in respect of the statutory audit of Group entities. These fees totalled £1.4 million in 2022 (2021: £1.6 million; 2020: £2.8 million). During the year the auditors 1 also earned fees payable by entities outside the consolidated Lloyds Bank Group in respect of the following: 2022 £m 2021 £m 2020 £m Audits of Group pension schemes 0.3 0.3 0.1 Reviews of the financial position of corporate and other borrowers – – 1.3 1 Deloitte LLP became the Group’s statutory auditor in 2021. PricewaterhouseCoopers LLP was the statutory auditor during 2020. |
IMPAIRMENT (Tables)
IMPAIRMENT (Tables) | 12 Months Ended |
Dec. 31, 2022 | |
Disclosure of impairment loss and reversal of impairment loss [abstract] | |
Schedule of Impairment | Stage 1 Stage 2 Stage 3 POCI Total Year ended 31 December 2022 Impact of transfers between stages (23) 573 357 – 907 Other changes in credit quality (284) 90 663 78 547 Additions and repayments 114 97 (91) (58) 62 Methodology and model changes 2 11 (47) (29) (63) Other items – – (1) – (1) (168) 198 524 (9) 545 Total impairment charge (credit) (191) 771 881 (9) 1,452 In respect of: Loans and advances to banks 9 – – – 9 Loans and advances to customers (232) 679 882 (9) 1,320 Debt securities 6 – – – 6 Financial assets at amortised cost (217) 679 882 (9) 1,335 Impairment charge (credit) on drawn balances (217) 679 882 (9) 1,335 Loan commitments and financial guarantees 20 92 (1) – 111 Financial assets at fair value through other comprehensive income 6 – – – 6 Total impairment charge (credit) (191) 771 881 (9) 1,452 Stage 1 Stage 2 Stage 3 POCI Total Year ended 31 December 2021 Impact of transfers between stages 74 (474) 339 – (61) Other changes in credit quality (313) (307) 252 (48) (416) Additions and repayments (231) (379) (97) (87) (794) Methodology and model changes (63) 15 6 – (42) Other items 2 4 (11) – (5) (605) (667) 150 (135) (1,257) Total impairment (credit) charge (531) (1,141) 489 (135) (1,318) In respect of: Loans and advances to banks (4) – – – (4) Loans and advances to customers (436) (1,008) 498 (135) (1,081) Financial assets at amortised cost (440) (1,008) 498 (135) (1,085) Impairment (credit) charge on drawn balances (440) (1,008) 498 (135) (1,085) Loan commitments and financial guarantees (89) (133) (9) – (231) Financial assets at fair value through other comprehensive income (2) – – – (2) Total impairment (credit) charge (531) (1,141) 489 (135) (1,318) Stage 1 Stage 2 Stage 3 POCI Total Year ended 31 December 2020 Impact of transfers between stages (168) 925 699 – 1,456 Other changes in credit quality 909 6 1,164 167 2,246 Additions and repayments 77 173 (52) (30) 168 Methodology and model changes (31) 170 26 – 165 Other items – – 25 – 25 955 349 1,163 137 2,604 Total impairment charge 787 1,274 1,862 137 4,060 In respect of: Loans and advances to banks 4 – – – 4 Loans and advances to customers 678 1,130 1,853 137 3,798 Financial assets at amortised cost 682 1,130 1,853 137 3,802 Impairment charge on drawn balances 682 1,130 1,853 137 3,802 Loan commitments and financial guarantees 100 144 9 – 253 Financial assets at fair value through other comprehensive income 5 – – – 5 Total impairment charge 787 1,274 1,862 137 4,060 The Group's total impairment allowances were as follows: Allowance for expected credit losses Stage 1 Stage 2 Stage 3 POCI Total In respect of: Loans and advances to banks 9 – – – 9 Loans and advances to customers 678 1,792 1,752 253 4,475 Debt securities 7 – 1 – 8 Due from fellow Lloyds Banking Group undertakings – – – – – Financial assets at amortised cost 694 1,792 1,753 253 4,492 Provisions in relation to loan commitments and financial guarantees 122 178 4 – 304 Total 816 1,970 1,757 253 4,796 Expected credit loss in respect of financial assets at fair value through other comprehensive income (memorandum item) 9 – – – 9 The Group's total impairment allowances 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 Due from fellow Lloyds Banking Group undertakings – – – – – Financial assets at amortised cost 910 1,112 1,574 210 3,806 Provisions in relation to loan commitments and financial guarantees 103 86 5 – 194 Total 1,013 1,198 1,579 210 4,000 Expected credit loss in respect of financial assets at fair value through other comprehensive income (memorandum item) 3 – – – 3 |
TAX EXPENSE (Tables)
TAX EXPENSE (Tables) | 12 Months Ended |
Dec. 31, 2022 | |
Disclosure of income tax [Abstract] | |
Schedule of Tax Charges | 2022 £m 2021 £m 2020 £m UK corporation tax: Current tax on profit for the year (1,050) (1,349) (423) Adjustments in respect of prior years 110 83 336 (940) (1,266) (87) Foreign tax: Current tax on profit for the year (20) (21) (18) Adjustments in respect of prior years (12) 22 24 (32) 1 6 Current tax expense (972) (1,265) (81) Deferred tax: Current year (498) 851 508 Adjustments in respect of prior years 170 (169) (290) Deferred tax (expense) credit (328) 682 218 Tax (expense) credit (1,300) (583) 137 |
Schedule of Reconciliation of the Charge Resulting from Applying the Standard UK Corporation Tax Rate | An explanation of the relationship between tax (expense) credit and accounting profit is set out below. 2022 £m 2021 £m 2020 £m Profit before tax 6,094 5,785 1,329 UK corporation tax thereon (1,158) (1,099) (253) Impact of surcharge on banking profits (340) (415) (122) Non-deductible costs: conduct charges (5) (167) (24) Non-deductible costs: bank levy (25) (19) (30) Other non-deductible costs (58) (59) (62) Non-taxable income 48 22 37 Tax relief on coupons on other equity instruments 46 65 79 Tax-exempt gains on disposals – 2 – Tax losses where no deferred tax recognised – – (3) Remeasurement of deferred tax due to rate changes (21) 1,168 435 Differences in overseas tax rates (55) (17) 10 Adjustments in respect of prior years 268 (64) 70 Tax (expense) credit (1,300) (583) 137 |
FINANCIAL ASSETS AT FAIR VALU_3
FINANCIAL ASSETS AT FAIR VALUE THROUGH PROFIT OR LOSS (Tables) | 12 Months Ended |
Dec. 31, 2022 | |
Disclosure Of Trading And Other Financial Assets At Fair Value Through Profit Or Loss [Abstract] | |
Schedule of Trading and Other Financial Assets at Fair Value Through Profit or Loss | These comprise: 2022 £m 2021 £m Loans and advances to customers 1,132 1,559 Equity shares 239 239 Total 1,371 1,798 |
DERIVATIVE FINANCIAL INSTRUME_2
DERIVATIVE FINANCIAL INSTRUMENTS (Tables) | 12 Months Ended |
Dec. 31, 2022 | |
Disclosure of derivative financial instruments [Abstract] | |
Schedule of Derivative Instruments | The fair values and notional amounts of derivative instruments are set out in the following table: 2022 2021 Contract/ Fair value Fair value Contract/ Fair value Fair value Trading and other Exchange rate contracts: Spot, forwards and futures 17,471 244 362 12,243 144 156 Currency swaps 96,614 1,255 1,613 155,190 693 595 Options purchased 30 1 – 5 – – Options written 30 – 1 5 – – 114,145 1,500 1,976 167,443 837 751 Interest rate contracts: Interest rate swaps 1,120,668 2,164 3,112 931,834 4,525 3,300 Forward rate agreements – – – 21 – – Options purchased 1,881 57 – 2,128 19 – Options written 1,750 – 59 1,229 – 10 1,124,299 2,221 3,171 935,212 4,544 3,310 Credit derivatives 4,058 105 97 4,390 64 101 Equity and other contracts 63 12 141 44 11 166 Total derivative assets/liabilities - trading and other 1,242,565 3,838 5,385 1,107,089 5,456 4,328 Hedging Derivatives designated as fair value hedges: Interest rate swaps 128,153 8 496 147,724 41 307 Currency swaps 35 1 – 34 7 – 128,188 9 496 147,758 48 307 Derivatives designated as cash flow hedges: Interest rate swaps 235,916 – – 97,942 – – Exchange rate forward rate agreements 310 10 10 571 7 8 236,226 10 10 98,513 7 8 Total derivative assets/liabilities - hedging 364,414 19 506 246,271 55 315 Total recognised derivative assets/liabilities 1,606,979 3,857 5,891 1,353,360 5,511 4,643 |
Schedule of Amount, Timing and Uncertainty of Future Cash Flows | Details of the Group’s hedging instruments are set out below: Maturity At 31 December 2022 Up to 1 month 1–3 months 3–12 months 1–5 years Over 5 years Total Fair value hedges Interest rate Cross currency swap Notional – – – – 35 35 Average fixed interest rate – – – – 1.28% Average EUR/GBP exchange rate – – – – 1.38 Interest rate swap Notional 796 12,236 31,539 51,094 32,488 128,153 Average fixed interest rate 3.20% 0.10% 0.68% 2.04% 1.88% Cash flow hedges Foreign exchange Currency swap Notional 16 35 207 48 4 310 Average EUR/GBP exchange rate – – – – – Average USD/GBP exchange rate 1.23 1.26 1.19 1.23 1.18 Interest rate Interest rate swap Notional 4,476 4,891 24,929 152,862 48,758 235,916 Average fixed interest rate 3.18% 1.46% 2.42% 2.46% 1.63% Maturity At 31 December 2021 Up to 1 month 1–3 months 3–12 months 1–5 years Over 5 years Total Fair value hedges Interest rate Cross currency swap Notional – – – – 34 34 Average fixed interest rate – – – – 1.28% Average EUR/GBP exchange rate – – – – 1.38 Interest rate swap Notional 283 1,684 15,631 105,666 24,460 147,724 Average fixed interest rate 2.21% 2.13% 0.94% 0.62% 1.87% Cash flow hedges Foreign exchange Currency swap Notional 31 117 325 98 – 571 Average EUR/GBP exchange rate 1.14 1.16 1.15 1.13 – Average USD/GBP exchange rate 1.36 1.35 1.37 1.34 1.34 Interest rate Interest rate swap Notional 1,000 500 9,542 51,186 35,714 97,942 Average fixed interest rate 0.00% 0.17% 0.56% 0.88% 0.67% |
Schedule of the Effects of Hedge Accounting on Swaps | The carrying amounts of the Group’s hedging instruments are as follows: Carrying amount of the hedging instrument At 31 December 2022 Contract/ Assets Liabilities Changes in fair Fair value hedges Interest rate Currency swaps 35 1 – (2) Interest rate swaps 128,153 8 496 3,108 Cash flow hedges Foreign exchange Currency swaps 310 10 10 25 Interest rate Interest rate swaps 235,916 – – (6,417) Carrying amount of the hedging instrument At 31 December 2021 Contract/ Assets Liabilities Changes in fair Fair value hedges Interest rate Currency swaps 34 7 – (2) Interest rate swaps 147,724 41 307 1,887 Cash flow hedges Foreign exchange Currency swaps 571 7 8 (26) Interest rate Interest rate swaps 97,942 – – (2,444) |
Schedule of - the Effects of Hedge Accounting, Amounts Reclassified from Reserves to Income Statement | The Group’s hedged items are as follows: Carrying amount of Accumulated amount of Change in Cash flow hedging reserve Continuing Discontinued At 31 December 2022 Assets Liabilities Assets Liabilities Fair value hedges Interest rate Fixed rate mortgages 1 73,282 – (2,602) – (3,199) Fixed rate issuance 2 – 28,391 – 2,069 2,422 Fixed rate bonds 3 19,259 – (1,549) – (2,350) Cash flow hedges Foreign exchange Foreign currency issuance 2 (25) 6 11 Customer deposits 4 – – 3 Interest rate Customer loans 1 5,931 (6,051) (921) Central bank balances 5 2,194 (1,597) (916) Customer deposits 4 (1,661) 2,332 (46) Carrying amount of Accumulated amount of Change in Cash flow hedging reserve Continuing Discontinued At 31 December 2021 Assets Liabilities Assets Liabilities Fair value hedges Interest rate Fixed rate mortgages 1 88,791 – (872) – (2,081) Fixed rate issuance 2 – 33,128 – 411 1,149 Fixed rate bonds 3 25,019 – 342 – (758) Cash flow hedges Foreign exchange Foreign currency issuance 2 5 (19) 17 Customer deposits 4 21 – – Interest rate Customer loans 1 1,842 (711) 453 Central bank balances 5 588 (235) (109) Customer deposits 4 (89) 32 (85) 1 Included within loans and advances to customers. 2 Included within debt securities in issue. 3 Included within financial assets at fair value through other comprehensive income. 4 Included within customer deposits. 5 Included within cash and balances at central banks. Gains and losses arising from hedge accounting are summarised as follows: Gain (loss) Hedge ineffectiveness recognised in the income statement 1 £m Amounts reclassified from reserves At 31 December 2022 Hedged cash Hedged item Income Fair value hedges Interest rate Fixed rate mortgages 22 Fixed rate issuance (29) Fixed rate bonds (14) Cash flow hedges Foreign exchange Foreign currency issuance 25 – – (6) Interest expense Customer deposits 3 – – – Interest expense Interest rate Customer loans (6,718) (29) – 5 Interest income Central bank balances (2,171) 1 – 2 Interest income Customer deposits 2,341 22 – (2) Interest expense Gain (loss) Hedge ineffectiveness recognised in the income statement 1 £m Amounts reclassified from reserves At 31 December 2021 Hedged cash Hedged item Income Fair value hedges Interest rate Fixed rate mortgages 206 Fixed rate issuance (4) Fixed rate bonds (7) Cash flow hedges Foreign exchange Foreign currency issuance (6) – (3) (18) Interest expense Customer deposits 28 – – – Interest expense Interest rate Customer loans (1,719) (42) – (454) Interest income Central bank balances (499) (17) – (134) Interest income Customer deposits 58 1 – 25 Interest expense 1 Hedge ineffectiveness is included in the income statement within net trading income. |
FINANCIAL ASSETS AT AMORTISED_2
FINANCIAL ASSETS AT AMORTISED COST (Tables) | 12 Months Ended | |
Dec. 31, 2022 | Dec. 31, 2021 | |
Disclosure Of Financial Assets At Amortised Cost Explanatory [Abstract] | ||
Schedule of Debt Securities and Loans and Advances to Banks and Customers | Year ended 31 December 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 421 – – – 421 – – – – – Transfers to Stage 2 (2) 2 – – – – – – Impact of transfers between stages (2) 2 – – – – – – – – – – Other changes in credit quality 7 – – – 7 Additions and repayments 3,472 1 – – 3,473 2 – – – 2 Charge to the income statement 9 – – – 9 At 31 December 2022 8,369 3 – – 8,372 9 – – – 9 Allowance for impairment losses (9) – – – (9) Net carrying amount 8,360 3 – – 8,363 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 (1,574) 24 (21) 12 (1,559) 1 1 43 65 110 Transfers to Stage 1 8,329 (8,256) (73) – 176 (167) (9) – Transfers to Stage 2 (34,889) 35,291 (402) – (66) 135 (69) – Transfers to Stage 3 (1,235) (2,527) 3,762 – (8) (158) 166 – Impact of transfers between stages (27,795) 24,508 3,287 – (119) 697 268 846 (17) 507 356 846 Other changes in credit quality (314) 73 664 78 501 Additions and repayments 9,769 687 (1,315) (1,354) 7,787 97 88 (91) (58) 36 Methodology and model changes 2 11 (47) (29) (63) (Credit) charge to the income statement (232) 679 882 (9) 1,320 Advances written off (928) (13) (941) (928) (13) (941) Recoveries of advances written off in previous years 182 – 182 182 – 182 At 31 December 2022 362,766 60,103 7,611 9,622 440,102 678 1,792 1,752 253 4,475 Allowance for impairment losses (678) (1,792) (1,752) (253) (4,475) Net carrying amount 362,088 58,311 5,859 9,369 435,627 Drawn ECL coverage 2 (%) 0.2 3.0 23.0 2.6 1.0 Reverse repurchase agreements At 31 December 2022 39,259 – – – 39,259 Allowance for impairment losses – – – – – Net carrying amount 39,259 – – – 39,259 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. 2 Allowance for expected credit losses on loans and advances to customers as a percentage of gross loans and advances to customers. Gross carrying amount Allowance for expected credit losses Stage 1 Stage 2 Stage 3 POCI Total Stage 1 Stage 2 Stage 3 POCI Total Debt securities At 1 January 2022 4,554 9 1 – 4,564 1 – 1 – 2 Exchange and other adjustments 205 – – – 205 – – – – – Transfers to Stage 1 9 (9) – – – – – – Impact of transfers between stages 9 (9) – – – – – – – – – – Other changes in credit quality 3 – – – 3 Additions and repayments 2,570 – – – 2,570 3 – – – 3 Charge to the income statement 6 – – – 6 At 31 December 2022 7,338 – 1 – 7,339 7 – 1 – 8 Allowance for impairment losses (7) – (1) – (8) Net carrying amount 7,331 – – – 7,331 Due from fellow Lloyds Banking Group undertakings At 31 December 2022 816 – – – 816 Allowance for impairment losses – – – – – Net carrying amount 816 – – – 816 Total financial assets at amortised cost 417,854 58,314 5,859 9,369 491,396 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 – – – – – Other changes in credit quality (3) – – – (3) Additions and repayments 135 – – – 135 (1) – – – (1) 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 Drawn ECL coverage (%) 0.2 3.2 24.6 1.9 0.9 Reverse repurchase agreements At 31 December 2021 49,708 – – – 49,708 Allowance for impairment losses – – – – – Net carrying amount 49,708 – – – 49,708 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. Gross carrying amount Allowance for expected credit losses Stage 1 Stage 2 Stage 3 POCI Total Stage 1 Stage 2 Stage 3 POCI Total Debt securities At 1 January 2021 5,137 – 1 – 5,138 – – 1 – 1 Exchange and other adjustments (20) – – – (20) 1 – – – 1 Transfers to Stage 2 (6) 6 – – – – – – – Impact of transfers between stages (6) 6 – – – – – – – – – – – Additions and repayments (557) 3 – – (554) – – – – – Charge to the income statement – – – – – At 31 December 2021 4,554 9 1 – 4,564 1 – 1 – 2 Allowance for impairment losses (1) – (1) – (2) Net carrying amount 4,553 9 – – 4,562 Due from fellow Lloyds Banking Group undertakings At 31 December 2021 739 – – – 739 Allowance for impairment losses – – – – – Net carrying amount 739 – – – 739 Total financial assets at amortised cost 440,935 33,781 4,833 10,767 490,316 | |
Schedule of Retail Mortgages | Movements in Retail UK mortgage balances were as follows: Gross carrying amount Allowance for expected credit losses Stage 1 Stage 2 Stage 3 POCI Total Stage 1 Stage 2 Stage 3 POCI Total Retail – UK mortgages At 1 January 2022 273,629 21,798 1,940 10,977 308,344 48 394 184 210 836 Exchange and other adjustments 1 – – – 12 12 – – 28 65 93 Transfers to Stage 1 5,107 (5,096) (11) – 28 (27) (1) – Transfers to Stage 2 (26,043) 26,204 (161) – (14) 25 (11) – Transfers to Stage 3 (444) (1,793) 2,237 – – (63) 63 – Impact of transfers between stages (21,380) 19,315 2,065 – (25) 254 98 327 (11) 189 149 327 Other changes in credit quality 36 (9) 54 78 159 Additions and repayments 5,268 670 (585) (1,354) 3,999 18 (10) (45) (58) (95) Methodology and model changes – (12) (55) (29) (96) Charge (credit) to the income statement 43 158 103 (9) 295 Advances written off (28) (13) (41) (28) (13) (41) Recoveries of advances written off in previous years 24 – 24 24 – 24 At 31 December 2022 257,517 41,783 3,416 9,622 312,338 91 552 311 253 1,207 Allowance for impairment losses (91) (552) (311) (253) (1,207) Net carrying amount 257,426 41,231 3,105 9,369 311,131 Drawn ECL coverage (%) – 1.3 9.1 2.6 0.4 1 Exchange and other adjustments includes the impact of movements in exchange rates, discount unwind, derecognising assets as a result of modifications and adjustments in respect of purchased or originated credit-impaired financial assets (POCI). Where a POCI asset’s expected credit loss is less than its expected credit loss on purchase or origination, the increase in its carrying value is recognised within gross loans, rather than as a negative impairment allowance. Movements in Retail UK mortgage balances were as follows: Gross carrying amount Allowance for expected credit losses Stage 1 Stage 2 Stage 3 POCI Total Stage 1 Stage 2 Stage 3 POCI Total Retail – UK mortgages At 1 January 2021 251,418 29,018 1,859 12,511 294,806 104 468 191 261 1,024 Exchange and other adjustments 1 – – – 68 68 – – 18 121 139 Transfers to Stage 1 10,109 (10,105) (4) – 66 (66) – – Transfers to Stage 2 (6,930) 7,425 (495) – (5) 37 (32) – Transfers to Stage 3 (147) (942) 1,089 – – (35) 35 – Impact of transfers between stages 3,032 (3,622) 590 – (58) 84 48 74 3 20 51 74 Other changes in credit quality (14) (32) (30) (48) (124) Additions and repayments 19,179 (3,598) (490) (1,565) 13,526 8 (52) (33) (87) (164) Methodology and model changes (53) (10) 6 – (57) Credit to the income statement (56) (74) (6) (135) (271) Advances written off (28) (37) (65) (28) (37) (65) Recoveries of advances written off in previous years 9 – 9 9 – 9 At 31 December 2021 273,629 21,798 1,940 10,977 308,344 48 394 184 210 836 Allowance for impairment losses (48) (394) (184) (210) (836) Net carrying amount 273,581 21,404 1,756 10,767 307,508 Drawn ECL coverage (%) – 1.8 9.5 1.9 0.3 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. | |
Disclosure Of Undrawn Balances | Movements in the 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) Transfers to Stage 1 19 (19) – – Transfers to Stage 2 (8) 9 (1) – Transfers to Stage 3 (1) (2) 3 – Impact of transfers between stages (16) 78 (1) 61 (6) 66 1 61 Other items taken to the income statement 26 26 (2) – 50 Charge to the income statement 20 92 (1) – 111 At 31 December 2022 122 178 4 – 304 | Movements in the 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 |
Schedule of Impairment | Stage 1 Stage 2 Stage 3 POCI Total Year ended 31 December 2022 Impact of transfers between stages (23) 573 357 – 907 Other changes in credit quality (284) 90 663 78 547 Additions and repayments 114 97 (91) (58) 62 Methodology and model changes 2 11 (47) (29) (63) Other items – – (1) – (1) (168) 198 524 (9) 545 Total impairment charge (credit) (191) 771 881 (9) 1,452 In respect of: Loans and advances to banks 9 – – – 9 Loans and advances to customers (232) 679 882 (9) 1,320 Debt securities 6 – – – 6 Financial assets at amortised cost (217) 679 882 (9) 1,335 Impairment charge (credit) on drawn balances (217) 679 882 (9) 1,335 Loan commitments and financial guarantees 20 92 (1) – 111 Financial assets at fair value through other comprehensive income 6 – – – 6 Total impairment charge (credit) (191) 771 881 (9) 1,452 Stage 1 Stage 2 Stage 3 POCI Total Year ended 31 December 2021 Impact of transfers between stages 74 (474) 339 – (61) Other changes in credit quality (313) (307) 252 (48) (416) Additions and repayments (231) (379) (97) (87) (794) Methodology and model changes (63) 15 6 – (42) Other items 2 4 (11) – (5) (605) (667) 150 (135) (1,257) Total impairment (credit) charge (531) (1,141) 489 (135) (1,318) In respect of: Loans and advances to banks (4) – – – (4) Loans and advances to customers (436) (1,008) 498 (135) (1,081) Financial assets at amortised cost (440) (1,008) 498 (135) (1,085) Impairment (credit) charge on drawn balances (440) (1,008) 498 (135) (1,085) Loan commitments and financial guarantees (89) (133) (9) – (231) Financial assets at fair value through other comprehensive income (2) – – – (2) Total impairment (credit) charge (531) (1,141) 489 (135) (1,318) Stage 1 Stage 2 Stage 3 POCI Total Year ended 31 December 2020 Impact of transfers between stages (168) 925 699 – 1,456 Other changes in credit quality 909 6 1,164 167 2,246 Additions and repayments 77 173 (52) (30) 168 Methodology and model changes (31) 170 26 – 165 Other items – – 25 – 25 955 349 1,163 137 2,604 Total impairment charge 787 1,274 1,862 137 4,060 In respect of: Loans and advances to banks 4 – – – 4 Loans and advances to customers 678 1,130 1,853 137 3,798 Financial assets at amortised cost 682 1,130 1,853 137 3,802 Impairment charge on drawn balances 682 1,130 1,853 137 3,802 Loan commitments and financial guarantees 100 144 9 – 253 Financial assets at fair value through other comprehensive income 5 – – – 5 Total impairment charge 787 1,274 1,862 137 4,060 The Group's total impairment allowances were as follows: Allowance for expected credit losses Stage 1 Stage 2 Stage 3 POCI Total In respect of: Loans and advances to banks 9 – – – 9 Loans and advances to customers 678 1,792 1,752 253 4,475 Debt securities 7 – 1 – 8 Due from fellow Lloyds Banking Group undertakings – – – – – Financial assets at amortised cost 694 1,792 1,753 253 4,492 Provisions in relation to loan commitments and financial guarantees 122 178 4 – 304 Total 816 1,970 1,757 253 4,796 Expected credit loss in respect of financial assets at fair value through other comprehensive income (memorandum item) 9 – – – 9 The Group's total impairment allowances 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 Due from fellow Lloyds Banking Group undertakings – – – – – Financial assets at amortised cost 910 1,112 1,574 210 3,806 Provisions in relation to loan commitments and financial guarantees 103 86 5 – 194 Total 1,013 1,198 1,579 210 4,000 Expected credit loss in respect of financial assets at fair value through other comprehensive income (memorandum item) 3 – – – 3 |
ALLOWANCE FOR EXPECTED CREDIT_2
ALLOWANCE FOR EXPECTED CREDIT LOSSES (Tables) | 12 Months Ended |
Dec. 31, 2022 | |
Disclosure of allowance for expected credit losses [Abstract] | |
Disclosure of Detailed Information about Significant Increase in Credit Risk | SICR triggers for key Retail portfolios Origination grade 1 2 3 4 5 6 7 Mortgages SICR grade 5 5 6 7 8 9 10 Credit cards, loans and overdrafts SICR grade 4 5 6 7 8 9 10 RMS grade 1 2 3 4 5 6 7 8 9 10 11 12 13 14 PD boundary % 1 0.10 0.40 0.80 1.20 2.50 4.50 7.50 10.00 14.00 20.00 30.00 45.00 99.99 100.00 1 Probability-weighted annualised lifetime probability of default. |
Disclosure of Detailed Information about Total Impact on ECL per Scenario | At 31 December 2022 2022 % 2023 % 2024 % 2025 % 2026 % 2022 to 2026 average % Start to peak 1 % Start to trough 1 % Upside Gross domestic product 4.1 0.1 1.1 1.7 2.1 1.8 6.5 0.4 Unemployment rate 3.5 2.8 3.0 3.3 3.4 3.2 3.8 2.8 House price growth 2.4 (2.8) 6.5 9.0 8.0 4.5 24.8 (1.1) Commercial real estate price growth (9.4) 8.5 3.5 2.6 2.3 1.3 7.2 (9.4) UK Bank Rate 1.94 4.95 4.98 4.63 4.58 4.22 5.39 0.75 CPI inflation 9.0 8.3 4.2 3.3 3.0 5.5 10.7 2.9 Base case Gross domestic product 4.0 (1.2) 0.5 1.6 2.1 1.4 4.3 (1.1) Unemployment rate 3.7 4.5 5.1 5.3 5.1 4.8 5.3 3.6 House price growth 2.0 (6.9) (1.2) 2.9 4.4 0.2 6.4 (6.3) Commercial real estate price growth (11.8) (3.3) 0.9 2.8 3.1 (1.8) 7.2 (14.8) UK Bank Rate 1.94 4.00 3.38 3.00 3.00 3.06 4.00 0.75 CPI inflation 9.0 8.3 3.7 2.3 1.7 5.0 10.7 1.6 Downside Gross domestic product 3.9 (3.0) (0.5) 1.4 2.1 0.8 1.2 (3.6) Unemployment rate 3.8 6.3 7.5 7.6 7.2 6.5 7.7 3.6 House price growth 1.6 (11.1) (9.8) (5.6) (1.5) (5.4) 6.4 (24.3) Commercial real estate price growth (13.9) (15.0) (3.7) 0.4 1.4 (6.4) 7.2 (29.6) UK Bank Rate 1.94 2.93 1.39 0.98 1.04 1.65 3.62 0.75 CPI inflation 9.0 8.2 3.3 1.3 0.3 4.4 10.7 0.2 Severe downside Gross domestic product 3.7 (5.2) (1.0) 1.3 2.1 0.1 0.7 (6.4) Unemployment rate 4.1 9.0 10.7 10.4 9.7 8.8 10.7 3.6 House price growth 1.1 (14.8) (18.0) (11.5) (4.2) (9.8) 6.4 (40.1) Commercial real estate price growth (17.3) (28.8) (9.9) (1.3) 3.2 (11.6) 7.2 (47.8) UK Bank Rate – modelled 1.94 1.41 0.20 0.13 0.14 0.76 3.50 0.12 UK Bank Rate – adjusted 2 2.44 7.00 4.88 3.31 3.25 4.18 7.00 0.75 CPI inflation – modelled 9.0 8.2 2.6 (0.1) (1.6) 3.6 10.7 (1.7) CPI inflation – adjusted 2 9.7 14.3 9.0 4.1 1.6 7.7 14.8 1.5 Probability-weighted Gross domestic product 4.0 (1.8) 0.2 1.5 2.1 1.2 3.4 (1.8) Unemployment rate 3.7 5.0 5.8 5.9 5.7 5.2 5.9 3.6 House price growth 1.9 (7.7) (3.2) 0.7 2.9 (1.2) 6.4 (9.5) Commercial real estate price growth (12.3) (5.8) (0.8) 1.6 2.3 (3.1) 7.2 (18.6) UK Bank Rate – modelled 1.94 3.70 2.94 2.59 2.60 2.76 3.89 0.75 UK Bank Rate – adjusted 2 1.99 4.26 3.41 2.91 2.91 3.10 4.31 0.75 CPI inflation – modelled 9.0 8.3 3.6 2.1 1.4 4.9 10.7 1.3 CPI inflation – adjusted 2 9.1 8.9 4.3 2.5 1.7 5.3 11.0 1.6 1 Since the level of property prices peaked during 2022, peak to trough declines for house price growth and commercial real estate price growth are larger than the start to trough declines over the period shown. 2 The adjustment to UK Bank Rate and CPI inflation in the severe downside 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. Base case scenario by quarter 1 At 31 December 2022 First quarter 2022 % Second quarter 2022 % Third quarter 2022 % Fourth quarter 2022 % First quarter 2023 % Second quarter 2023 % Third quarter 2023 % Fourth quarter 2023 % Gross domestic product 0.6 0.1 (0.3) (0.4) (0.4) (0.4) (0.2) (0.1) Unemployment rate 3.7 3.8 3.6 3.7 4.0 4.4 4.7 4.9 House price growth 11.1 12.5 9.8 2.0 (3.0) (8.4) (9.8) (6.9) Commercial real estate price growth 18.0 18.0 8.4 (11.8) (16.9) (19.8) (15.9) (3.3) UK Bank Rate 0.75 1.25 2.25 3.50 4.00 4.00 4.00 4.00 CPI inflation 6.2 9.2 10.0 10.7 10.0 8.9 8.0 6.1 1 Gross domestic product is presented quarter-on-quarter. House price growth, commercial real estate 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 31 December 2021 2021 % 2022 % 2023 % 2024 % 2025 % 2021 to 2025 average % Start to Start to Upside Gross domestic product 7.1 4.0 1.4 1.3 1.4 3.0 12.6 (1.3) Unemployment rate 4.4 3.3 3.4 3.5 3.7 3.7 4.9 3.2 House price growth 10.1 2.6 4.9 4.7 3.6 5.1 28.5 1.2 Commercial real estate price growth 12.4 5.8 0.7 1.0 (0.6) 3.7 20.9 0.8 UK Bank Rate 0.14 1.44 1.74 1.82 2.03 1.43 2.04 0.10 CPI inflation 1 2.6 5.9 3.3 2.6 3.3 3.5 6.5 0.6 Base case Gross domestic product 7.1 3.7 1.5 1.3 1.3 2.9 12.3 (1.3) Unemployment rate 4.5 4.3 4.4 4.4 4.5 4.4 4.9 4.3 House price growth 9.8 0.0 0.0 0.5 0.7 2.1 11.0 1.2 Commercial real estate price growth 10.2 (2.2) (1.9) 0.1 0.6 1.2 10.2 0.8 UK Bank Rate 0.14 0.81 1.00 1.06 1.25 0.85 1.25 0.10 CPI inflation 1 2.6 5.9 3.0 1.6 2.0 3.0 6.5 0.6 Downside Gross domestic product 7.1 3.4 1.3 1.1 1.2 2.8 11.4 (1.3) Unemployment rate 4.7 5.6 5.9 5.8 5.7 5.6 6.0 4.3 House price growth 9.2 (4.9) (7.8) (6.6) (4.7) (3.1) 9.2 (14.8) Commercial real estate price growth 8.6 (10.1) (7.0) (3.4) (0.3) (2.6) 8.6 (12.8) UK Bank Rate 0.14 0.45 0.52 0.55 0.69 0.47 0.71 0.10 CPI inflation 1 2.6 5.8 2.8 1.3 1.6 2.8 6.4 0.6 Severe downside Gross domestic product 6.8 0.9 0.4 1.0 1.4 2.1 7.6 (1.3) Unemployment rate 4.9 7.7 8.5 8.1 7.6 7.3 8.5 4.3 House price growth 9.1 (7.3) (13.9) (12.5) (8.4) (6.9) 9.1 (30.2) Commercial real estate price growth 5.8 (19.6) (12.1) (5.3) (0.5) (6.8) 6.9 (30.0) UK Bank Rate 0.14 0.04 0.06 0.08 0.09 0.08 0.25 0.02 CPI inflation 1 2.6 5.8 2.3 0.5 0.9 2.4 6.5 0.4 Probability-weighted Gross domestic product 7.0 3.4 1.3 1.2 1.3 2.8 11.6 (1.3) Unemployment rate 4.6 4.7 5.0 5.0 4.9 4.8 5.0 4.3 House price growth 9.6 (1.4) (2.3) (1.7) (1.0) 0.6 9.6 1.2 Commercial real estate price growth 9.9 (3.9) (3.7) (1.2) (0.1) 0.1 9.9 (0.3) UK Bank Rate 0.14 0.82 0.99 1.04 1.20 0.83 1.20 0.10 CPI inflation 1 2.6 5.9 2.9 1.7 2.2 3.1 6.5 0.6 1 For 31 December 2021 scenarios, CPI numbers were translations of modelled Retail Price Index excluding mortgage interest payments (RPIX) estimates. Base case scenario by quarter 1 At 31 December 2021 First quarter 2021 % Second quarter 2021 % Third quarter 2021 % Fourth quarter 2021 % First quarter 2022 % Second quarter 2022 % Third quarter 2022 % Fourth quarter 2022 % 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 1 Gross domestic product is presented quarter-on-quarter. House price growth, commercial real estate 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. |
Disclosure of Detailed Information about ECL Sensitivity to Economic Assumptions | The table below shows the Group’s ECL for the probability-weighted, upside, base case, downside and severe downside scenarios, with the severe downside scenario incorporating adjustments made to CPI inflation and UK Bank Rate paths. 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 typically held constant reflecting the basis on which they are evaluated. For 31 December 2022, however, post-model adjustments in Commercial Banking have been apportioned across the scenarios to better reflect the sensitivity of these adjustments to each scenario. Judgements applied through changes to model inputs are reflected in the scenario ECL 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 £668 million compared to £221 million at 31 December 2021. At 31 December 2022 At 31 December 2021 1 Probability- Upside Base case Downside Severe Probability- Upside Base case Downside Severe UK mortgages 1,209 514 790 1,434 3,874 837 637 723 967 1,386 Credit cards 763 596 727 828 1,180 521 442 500 569 672 Other Retail 1,016 907 992 1,056 1,290 825 760 811 863 950 Commercial Banking 1,807 1,434 1,618 1,953 3,059 1,416 1,281 1,343 1,486 1,833 Other 1 1 1 2 2 401 401 402 401 400 ECL allowance 4,796 3,452 4,128 5,273 9,405 4,000 3,521 3,779 4,286 5,241 1 Reflects the new organisation structure, with Business Banking and Commercial Cards moving from Retail to Commercial Banking and Wealth from Other to Retail; comparatives have been presented on a consistent basis. The table below shows the Group’s ECL for the upside, base case, downside and severe downside scenarios, with staging of assets based on each specific scenario probability of default. ECL applied through individual assessments and the majority of post-model adjustments are reported flat against each economic scenario, reflecting the basis on which they are evaluated. A probability-weighted scenario is not shown as this does not reflect the basis on which ECL is reported. Comparing the probability-weighted ECL in the table above to the base case ECL with base case scenario specific staging, as shown in the table below, results in an uplift of £791 million compared to £228 million at 31 December 2021. At 31 December 2022 At 31 December 2021 1 Upside Base case Downside Severe Upside Base case Downside Severe UK mortgages 469 734 1,344 7,848 636 722 973 1,448 Credit cards 563 719 842 1,320 434 500 583 707 Other Retail 886 984 1,059 1,450 754 808 868 973 Commercial Banking 1,403 1,567 2,046 4,672 1,278 1,342 1,500 2,085 Other 1 1 2 2 400 400 400 400 ECL allowance 3,322 4,005 5,293 15,292 3,502 3,772 4,324 5,613 1 Reflects the new organisation structure, with Business Banking and Commercial Cards moving from Retail to Commercial Banking and Wealth from Other to Retail; comparatives have been presented on a consistent basis. 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 31 December 2022 At 31 December 2021 1 1pp increase in 1pp decrease in 1pp increase in 1pp decrease in UK mortgages 26 (21) 23 (18) Credit cards 41 (41) 20 (20) Other Retail 25 (25) 14 (14) Commercial Banking 99 (90) 49 (42) Other – – 1 (1) ECL impact 191 (177) 107 (95) 1 Reflects the new organisation structure, with Business Banking and Commercial Cards moving from Retail to Commercial Banking and Wealth from Other to Retail; comparatives have been presented on a consistent basis. The table below shows the impact on the Group’s ECL in respect of UK mortgages of an increase or decrease in loss given default for a 10 percentage point (pp) increase or decrease in the UK House Price Index (HPI). The increase or decrease is presented based on the adjustment phased evenly over the first ten quarters of the base case scenario. At 31 December 2022 At 31 December 2021 10pp increase 10pp decrease 10pp increase 10pp decrease ECL impact, £m (225) 370 (112) 162 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. Judgements due to: Modelled Individually COVID-19 1 £m Inflationary risk Other Total At 31 December 2022 UK mortgages 946 – – 49 214 1,209 Credit cards 698 – – 93 (28) 763 Other Retail 903 – 1 53 59 1,016 Commercial Banking 910 1,008 – – (111) 1,807 Other 1 – – – – 1 Total 3,458 1,008 1 195 134 4,796 At 31 December 2021 UK mortgages 292 – 67 52 426 837 Credit cards 436 – 94 – (9) 521 Other Retail 2 757 – 18 – 50 825 Commercial Banking 2 331 905 194 – (14) 1,416 Other 2 1 – 400 – – 401 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. 2 Reflects the new organisation structure, with Business Banking and Commercial Cards moving from Retail to Commercial Banking and Wealth from Other to Retail; comparatives have been presented on a consistent basis. |
FINANCE LEASE RECEIVABLES AND H
FINANCE LEASE RECEIVABLES AND HIRE PURCHASE RECEIVABLES (Tables) | 12 Months Ended |
Dec. 31, 2022 | |
Disclosure of maturity analysis of finance lease payments receivable [text block] [Abstract] | |
Schedule of Finance Lease Receivables | The Group's finance lease and hire purchase receivables are classified as loans and advances to customers and accounted for at amortised cost. These balances are analysed as follows: Finance leases Hire purchase 2022 £m 2021 £m 2022 £m 2021 £m Not later than 1 year 216 339 6,307 4,720 Later than 1 year and not later than 2 years 215 135 3,872 4,517 Later than 2 years and not later than 3 years 111 222 3,707 3,981 Later than 3 years and not later than 4 years 45 110 2,962 2,817 Later than 4 years and not later than 5 years 31 46 385 814 Later than 5 years 122 150 275 374 Gross investment 740 1,002 17,508 17,223 Unearned future finance income (106) (147) (1,447) (1,349) Rentals received in advance (9) (12) (111) (89) Net investment 625 843 15,950 15,785 The net investment represents amounts recoverable as follows: Finance leases Hire purchase 2022 £m 2021 £m 2022 £m 2021 £m Not later than 1 year 175 280 5,618 4,004 Later than 1 year and not later than 2 years 190 108 3,447 4,151 Later than 2 years and not later than 3 years 94 198 3,440 3,766 Later than 3 years and not later than 4 years 35 94 2,844 2,744 Later than 4 years and not later than 5 years 24 35 356 765 Later than 5 years 107 128 245 355 Net investment 625 843 15,950 15,785 The Group’s finance lease and hire purchase assets are comprised as follows: Finance leases Hire purchase 2022 £m 2021 £m 2022 £m 2021 £m Electric vehicles 8 3 576 429 Internal combustion engine vehicles 176 142 10,743 10,640 Hybrid vehicles 5 3 737 522 Other 436 695 3,894 4,194 Net investment 625 843 15,950 15,785 |
FINANCIAL ASSETS AT FAIR VALU_4
FINANCIAL ASSETS AT FAIR VALUE THROUGH OTHER COMPREHENSIVE INCOME (Tables) | 12 Months Ended |
Dec. 31, 2022 | |
Disclosure Of Fair Value Of Each Investment Designated As Measured At Fair Value Through Other Comprehensive Income Explanatory [Abstract] | |
Schedule of Financial Assets At Fair Value Through Other Comprehensive Income | 2022 £m 2021 £m Debt securities: Government securities 11,196 14,599 Asset-backed securities 138 55 Corporate and other debt securities 11,511 13,131 22,845 27,785 Equity shares 1 1 Total financial assets at fair value through other comprehensive income 22,846 27,786 |
GOODWILL OF THE GROUP (Tables)
GOODWILL OF THE GROUP (Tables) | 12 Months Ended |
Dec. 31, 2022 | |
Disclosure of goodwill [Abstract] | |
Schedule of Goodwill | 2022 £m 2021 £m At 1 January and 31 December 470 470 Cost 1 814 814 Accumulated impairment losses (344) (344) At 31 December 470 470 1 For acquisitions made prior to 1 January 2004, the date of transition to IFRS, cost is included net of amounts amortised up to 31 December 2003. |
OTHER INTANGIBLE ASSETS (Tables
OTHER INTANGIBLE ASSETS (Tables) | 12 Months Ended |
Dec. 31, 2022 | |
Disclosure of detailed information about intangible assets [abstract] | |
Schedule of Other Intangible Assets | Brands Core deposit Purchased Customer- Capitalised Total Cost: At 1 January 2021 584 2,770 1,002 50 5,855 10,261 Additions – – – – 986 986 Disposals and write-offs – – – – (460) (460) At 31 December 2021 584 2,770 1,002 50 6,381 10,787 Exchange and other adjustments – – – – 1 1 Additions – – – – 1,395 1,395 Disposals – – – – (186) (186) At 31 December 2022 584 2,770 1,002 50 7,591 11,997 Accumulated amortisation: At 1 January 2021 204 2,770 551 50 2,574 6,149 Charge for the year (note 9) – – 70 – 884 954 Disposals and write-offs – – – – (460) (460) At 31 December 2021 204 2,770 621 50 2,998 6,643 Exchange and other adjustments – – 1 – (10) (9) Charge for the year (note 9) – – 70 – 825 895 Disposals – – – – (186) (186) At 31 December 2022 204 2,770 692 50 3,627 7,343 Balance sheet amount at 31 December 2022 380 – 310 – 3,964 4,654 Balance sheet amount at 31 December 2021 380 – 381 – 3,383 4,144 |
OTHER ASSETS (Tables)
OTHER ASSETS (Tables) | 12 Months Ended |
Dec. 31, 2022 | |
Disclosure of other non-current assets [Abstract] | |
Schedule of Other Assets | 2022 £m 2021 £m Property, plant and equipment: Investment properties 3 4 Premises 852 803 Equipment 1,278 1,627 Operating lease assets (see below) 4,816 4,196 Right-of-use assets (note 22) 1,119 1,268 8,068 7,898 Settlement balances 98 52 Prepayments 1,105 905 Other assets 622 744 Total other assets 9,893 9,599 |
Schedule of Future Minimum Rentals Receivable under Non-Cancellable Operating Leases | Equipment leased to customers under operating leases primarily relates to vehicle contract hire arrangements. At 31 December the future minimum rentals receivable under non-cancellable operating leases were as follows: 2022 £m 2021 £m Within 1 year 912 848 1 to 2 years 620 561 2 to 3 years 322 288 3 to 4 years 102 86 4 to 5 years 11 8 Over 5 years – – Total future minimum rentals receivable 1,967 1,791 Equipment leased to customers under operating leases primarily relates to vehicle contract hire arrangements. Operating lease assets are comprised as follows: 2022 £m 2021 £m Electric vehicles 1,610 728 Internal combustion engine vehicles 2,042 2,531 Hybrid vehicles 1,159 928 Other 5 9 Total operating lease assets 4,816 4,196 |
LESSEE DISCLOSURES (Tables)
LESSEE DISCLOSURES (Tables) | 12 Months Ended |
Dec. 31, 2022 | |
Disclosure Of Leases [Abstract] | |
Schedule of Movement in Right-of-Use Assets | The table below sets out the movement in the Group's right-of-use assets, which are primarily in respect of premises, and are recognised within other assets (note 21). 2022 £m 2021 £m At 1 January 1,268 1,434 Exchange and other adjustments – (9) Additions 97 71 Disposals (33) (12) Depreciation charge for the year (213) (216) At 31 December 1,119 1,268 |
FINANCIAL LIABILITIES AT FAIR_2
FINANCIAL LIABILITIES AT FAIR VALUE THROUGH PROFIT OR LOSS (Tables) | 12 Months Ended |
Dec. 31, 2022 | |
Disclosure Of Trading And Other Financial Liabilities At Fair Value Through Profit Or Loss [Abstract] | |
Schedule of Trading and Other Financial Liabilities and Fair Value Through Profit or Loss | 2022 £m 2021 £m Liabilities designated at fair value through profit or loss: debt securities in issue 5,159 6,537 |
DEBT SECURITIES IN ISSUE (Table
DEBT SECURITIES IN ISSUE (Tables) | 12 Months Ended |
Dec. 31, 2022 | |
Disclosure of debt instruments [Abstract] | |
Schedule of Debt Securities in Issue | 2022 £m 2021 £m Senior unsecured notes issued 21,377 23,820 Covered bonds (note 25) 14,240 17,407 Certificates of deposit issued 1,607 290 Securitisation notes (note 25) 2,780 3,672 Commercial paper 9,052 3,535 Total debt securities in issue 49,056 48,724 |
SECURITISATIONS AND COVERED B_2
SECURITISATIONS AND COVERED BONDS (Tables) | 12 Months Ended |
Dec. 31, 2022 | |
Disclosure Of Securitisations Programmes And Transactions [Abstract] | |
Schedule of Securitisation and Covered Bond Programmes | The Group’s principal securitisation and covered bond programmes, together with the balances of the advances subject to these arrangements and the carrying value of the externally held notes in issue at 31 December, are listed below. Notes in issue, previously reported gross of internal holdings, are presented net; comparatives have been presented on a consistent basis. The notes in issue are reported in note 24. 2022 2021 Loans and advances securitised 1 £m Externally Loans and advances securitised 1 £m Externally Securitisation programmes UK residential mortgages and commercial loans 15,402 2,035 18,688 2,544 Credit card receivables 12,776 223 11,615 594 Motor vehicle finance 401 149 235 141 Dutch residential mortgages 402 399 427 426 Total securitisation programmes (notes 23 and 24) 2 28,981 2,806 30,965 3,705 Covered bond programmes Residential mortgage-backed 27,400 13,740 35,896 16,907 Social housing loan-backed 831 500 833 500 Total covered bond programmes (note 24) 28,231 14,240 36,729 17,407 Total securitisation and covered bond programmes 17,046 21,112 1 Including assets backing notes held internally within the Group. 2 Includes £26 million (2021: £33 million) of securitisation notes held at fair value through profit or loss. |
OTHER LIABILITIES (Tables)
OTHER LIABILITIES (Tables) | 12 Months Ended |
Dec. 31, 2022 | |
Disclosure of other liabilities [Abstract] | |
Schedule of Other Liabilities | 2022 £m 2021 £m Settlement balances 109 110 Lease liabilities 1,260 1,411 Other creditors and accruals 4,277 3,870 Total other liabilities 5,646 5,391 |
RETIREMENT BENEFIT OBLIGATIONS
RETIREMENT BENEFIT OBLIGATIONS (Tables) | 12 Months Ended |
Dec. 31, 2022 | |
Disclosure of employee benefits [Abstract] | |
Schedule of Defined Benefit Obligations | 2022 £m 2021 £m 2020 £m Charge to the income statement Defined benefit pension schemes 123 234 244 Other post-retirement benefit schemes 2 2 3 Total defined benefit schemes 125 236 247 Defined contribution pension schemes 314 287 305 Total charge to the income statement (note 9) 439 523 552 2022 £m 2021 £m Analysis of the defined benefit obligation Active members (3,088) (5,837) Deferred members (8,515) (16,167) Pensioners (16,013) (23,171) Dependants (1,349) (1,955) At 31 December (28,965) (47,130) The pension schemes’ pooled investment vehicles comprise: 2022 £m 2021 £m Equity funds 1,421 3,696 Hedge and mutual funds 240 1,407 Alternative credit funds 2,222 3,884 Property funds 1,604 1,541 Infrastructure funds 1,193 1,389 Liquidity funds 11,527 2,031 Bond and debt funds 354 561 Other 32 29 At 31 December 18,593 14,538 The principal actuarial and financial assumptions used in valuations of the defined benefit pension schemes were as follows: 2022 % 2021 % Discount rate 4.93 1.94 Rate of inflation: Retail Price Index (RPI) 3.13 3.21 Consumer Price Index (CPI) 2.69 2.92 Rate of salary increases 0.00 0.00 Weighted-average rate of increase for pensions in payment 2.84 2.88 Men Women 2022 Years 2021 Years 2022 Years 2021 Years Life expectancy for member aged 60, on the valuation date 26.7 27.1 28.8 29.1 Life expectancy for member aged 60, 15 years after the valuation date 27.8 28.1 30.0 30.3 Effect of reasonably possible alternative assumptions Increase (decrease) (Increase) decrease in the 2022 £m 2021 £m 2022 £m 2021 £m Inflation (including pension increases) 1 : Increase of 0.1 per cent 13 12 251 481 Decrease of 0.1 per cent (13) (12) (245) (475) Discount rate 2 : Increase of 0.1 per cent (25) (24) (379) (774) Decrease of 0.1 per cent 24 23 388 795 Expected life expectancy of members: Increase of one year 38 44 745 1,934 Decrease of one year (39) (42) (762) (1,852) 1 At 31 December 2022, the assumed rate of RPI inflation is 3.13 per cent and CPI inflation 2.69 per cent (2021: RPI 3.21 per cent and CPI 2.92 per cent). 2 At 31 December 2022, the assumed discount rate is 4.93 per cent (2021: 1.94 per cent). The following table provides information on the weighted average duration of the defined benefit pension obligation and the distribution and timing of benefit payments: 2022 Years 2021 Years Duration of the defined benefit obligation 15 17 Maturity analysis of benefits expected to be paid: 2022 £m 2021 £m Within 12 months 1,409 1,352 Between 1 and 2 years 1,464 1,450 Between 2 and 5 years 4,678 4,651 Between 5 and 10 years 8,930 8,993 Between 10 and 15 years 9,296 9,668 Between 15 and 25 years 17,479 18,671 Between 25 and 35 years 12,720 13,846 Between 35 and 45 years 6,138 6,987 In more than 45 years 1,685 2,116 Movements in the other post-retirement benefits obligation: 2022 £m 2021 £m At 1 January (103) (109) Actuarial gains 68 4 Insurance premiums paid 3 3 Charge for the year (2) (2) Exchange and other adjustments (1) 1 At 31 December (35) (103) |
Schedule of Discontinued Insurance Claims | 2022 £m 2021 £m Amounts recognised in the balance sheet Retirement benefit assets 3,823 4,531 Retirement benefit obligations (126) (230) Total amounts recognised in the balance sheet 3,697 4,301 The total amounts recognised in the balance sheet relate to: 2022 £m 2021 £m Defined benefit pension schemes 3,732 4,404 Other post-retirement benefit schemes (35) (103) Total amounts recognised in the balance sheet 3,697 4,301 The expense recognised in the income statement for the year ended 31 December comprises: 2022 £m 2021 £m 2020 £m Current service cost 180 213 206 Net interest amount (95) (29) (23) Settlements – 1 2 Past service cost – plan amendments 4 11 5 Plan administration costs incurred during the year 34 38 54 Total defined benefit pension expense 123 234 244 2022 2021 Quoted Unquoted Total Quoted Unquoted Total Equity instruments 7 47 54 617 36 653 Debt instruments 1 : Fixed interest government bonds 3,007 – 3,007 10,512 – 10,512 Index-linked government bonds 15,497 – 15,497 23,969 – 23,969 Corporate and other debt securities 3,978 – 3,978 13,399 – 13,399 22,482 – 22,482 47,880 – 47,880 Property – 116 116 – 139 139 Pooled investment vehicles 2,730 15,863 18,593 1,192 13,346 14,538 Money market instruments, cash, derivatives 1,069 (9,617) (8,548) 319 (11,995) (11,676) At 31 December 26,288 6,409 32,697 50,008 1,526 51,534 1 Of the total debt instruments, £20,369 million (2021: £42,568 million) were investment grade (credit ratings equal to or better than ‘BBB’). |
Schedule of Analysis of Defined Benefit Obligations | 2022 £m 2021 £m Amount included in the balance sheet Present value of funded obligations (28,965) (47,130) Fair value of scheme assets 32,697 51,534 Net amount recognised in the balance sheet 3,732 4,404 2022 £m 2021 £m Net amount recognised in the balance sheet At 1 January 4,404 1,578 Net defined benefit pension charge (123) (234) Actuarial gains on defined benefit obligation 17,222 1,267 Return on plan assets (20,302) 449 Employer contributions 2,530 1,344 Exchange and other adjustments 1 – At 31 December 3,732 4,404 2022 £m 2021 £m Changes in the fair value of scheme assets At 1 January 51,534 51,127 Return on plan assets excluding amounts included in interest income (20,302) 449 Interest income 997 733 Employer contributions 2,530 1,344 Benefits paid (2,048) (2,034) Settlements (13) (23) Administrative costs paid (34) (38) Exchange and other adjustments 33 (24) At 31 December 32,697 51,534 |
Disclosure of movements in defined benefit obligation | 2022 £m 2021 £m Movements in the defined benefit obligation At 1 January (47,130) (49,549) Current service cost (180) (213) Interest expense (902) (704) Remeasurements: Actuarial losses – experience (1,186) (426) Actuarial gains (losses) – demographic assumptions 288 (146) Actuarial gains – financial assumptions 18,120 1,839 Benefits paid 2,048 2,034 Past service cost (4) (11) Settlements 13 22 Exchange and other adjustments (32) 24 At 31 December (28,965) (47,130) |
DEFERRED TAX (Tables)
DEFERRED TAX (Tables) | 12 Months Ended |
Dec. 31, 2022 | |
Disclosure of deferred taxes [Abstract] | |
Schedule of Statutory Position and Tax Disclosure | The Group’s deferred tax assets and liabilities are as follows: Statutory position 2022 £m 2021 £m Tax disclosure 2022 £m 2021 £m Deferred tax assets 5,857 4,048 Deferred tax assets 7,999 6,377 Deferred tax liabilities (208) – Deferred tax liabilities (2,350) (2,329) Asset at 31 December 5,649 4,048 Asset at 31 December 5,649 4,048 |
Schedule of Movements in Deferred Tax Liabilities and Assets | Movements in deferred tax assets and liabilities (before taking into consideration the offsetting of balances within the same taxing jurisdiction) can be summarised as follows: Deferred tax assets Tax losses Property, Provisions Share-based Pension Derivatives Asset Other Total At 1 January 2021 4,054 678 251 27 56 7 28 226 5,327 Credit (charge) to the income statement 964 82 13 (10) 15 30 (28) (50) 1,016 Credit (charge) to other comprehensive income – – 36 – (2) – – – 34 At 31 December 2021 5,018 760 300 17 69 37 – 176 6,377 Credit (charge) to the income statement (4) (237) 114 (3) (22) 183 8 (66) (27) Credit (charge) to other comprehensive income – – (155) – – 1,804 – – 1,649 At 31 December 2022 5,014 523 259 14 47 2,024 8 110 7,999 Deferred tax liabilities Capitalised Acquisition Pension Derivatives Asset revaluations 1 £m Other Total At 1 January 2021 (228) (336) (392) (699) – (204) (1,859) (Charge) credit to the income statement (47) (16) (93) (65) 2 (115) (334) (Charge) credit to other comprehensive income – – (846) 764 (54) – (136) Exchange and other adjustments – – – – – – – At 31 December 2021 (275) (352) (1,331) – (52) (319) (2,329) (Charge) credit to the income statement 117 29 29 (470) 41 (47) (301) Credit to other comprehensive income – – 283 – 11 – 294 Exchange and other adjustments – – – – – (14) (14) At 31 December 2022 (158) (323) (1,019) (470) – (380) (2,350) 1 Financial assets at fair value through other comprehensive income. |
OTHER PROVISIONS (Tables)
OTHER PROVISIONS (Tables) | 12 Months Ended |
Dec. 31, 2022 | |
Disclosure of other provisions [abstract] | |
Schedule of Assumptions for Other Provisions | Provisions Regulatory Other Total At 1 January 2022 194 1,054 685 1,933 Exchange and other adjustments (1) 16 28 43 Provisions applied – (587) (419) (1,006) Charge for the year 111 225 285 621 At 31 December 2022 304 708 579 1,591 |
SUBORDINATED LIABILITIES (Table
SUBORDINATED LIABILITIES (Tables) | 12 Months Ended |
Dec. 31, 2022 | |
Disclosure of subordinated liabilities [Abstract] | |
Schedule of Movement in Subordinated Liabilities | The movement in subordinated liabilities during the year was as follows: Preferred Undated Dated Total At 1 January 2021 1,772 505 6,965 9,242 Issued during the year 1 : 3.916% Subordinated Fixed Rate Notes 2048 (US$1,500 million) – – 1,074 1,074 3.724% Dated Subordinated Fixed Rate Reset Notes 2041 (£500 million) – – 888 888 2.754% Dated Subordinated Fixed Rate Reset Notes 2032 (US$1,750 million) – – 1,300 1,300 – – 3,262 3,262 Repurchases and redemptions during the year 1 : 7.754% Non-cumulative Perpetual Preferred Securities (Class B) (£150 million) (156) – – (156) Series 2 (US$500 million) – (94) – (94) Series 3 (US$600 million) – (120) – (120) Floating Rate Primary Capital Notes (US$250 million) – (24) – (24) Series 1 (US$750 million) – (97) – (97) 9.375% Subordinated Bonds 2021 (£500 million) – – (200) (200) 5.374% Subordinated Fixed Rate Notes 2021 (€160 million) – – (145) (145) 4.553% Subordinated Fixed Rate Notes 2021 (US$1,500 million) – – (1,122) (1,122) 6% Subordinated Notes 2033 (US$750 million) – – (216) (216) 4.293% Subordinated Fixed Rate Notes 2021 (US$824 million) – – (612) (612) 4.503% Subordinated Fixed Rate Notes 2021 (US$1,353 million) – – (1,004) (1,004) (156) (335) (3,299) (3,790) Foreign exchange movements 17 – (80) (63) Other movements (cash and non-cash) 2 28 – (21) 7 At 31 December 2021 1,661 170 6,827 8,658 Issued during the year 1 : 8.133% Dated Subordinated Fixed Rate Reset notes 2033 (US$1,000 million) – – 837 837 Repurchases and redemptions during the year 1 : 12% Fixed to Floating Rate Perpetual Tier 1 Capital Securities callable 2024 (US$2,000 million) (1,399) – – (1,399) 13% Sterling Step-up Perpetual Capital Securities callable 2029 (£700 million) (221) – – (221) 7.281% Perpetual Regulatory Tier One Securities (Series B) (£150 million) (22) – – (22) 7.881% Guaranteed Non-voting Non-cumulative Preferred Securities (£245 million) (12) – – (12) 12% Perpetual Subordinated Bonds (£100 million) – (22) – (22) 5.75% Undated Subordinated Step-up Notes (£600 million) – (4) – (4) 7.625% Dated Subordinated Notes 2025 (£750 million) – – (502) (502) (1,654) (26) (502) (2,182) Foreign exchange movements (6) – 521 515 Other movements (cash and non-cash) 2 (1) 2 (1,236) (1,235) At 31 December 2022 – 146 6,447 6,593 1 Issuances in the year generated cash inflows of £837 million (2021: £3,262 million); the repurchases and redemptions resulted in cash outflows of £2,216 million (2021: £3,745 million). 2 Other movements include cash payments in respect of interest on subordinated liabilities in the year amounted to £397 million (2021: £525 million) offset by the interest expense in respect of subordinated liabilities of £367 million (2021: £634 million). |
SHARE CAPITAL (Tables)
SHARE CAPITAL (Tables) | 12 Months Ended |
Dec. 31, 2022 | |
Disclosure of classes of share capital [abstract] | |
Schedule of Issued and Fully Paid Share Capital | 2022 Number of shares 2021 Number of shares 2020 Number of shares 2022 £m 2021 £m 2020 £m Ordinary shares of £1 each At 1 January 1,574,285,752 1,574,285,752 1,574,285,751 1,574 1,574 1,574 Issued in the year – – 1 – – – At 31 December 1,574,285,752 1,574,285,752 1,574,285,752 1,574 1,574 1,574 |
SHARE PREMIUM ACCOUNT (Tables)
SHARE PREMIUM ACCOUNT (Tables) | 12 Months Ended |
Dec. 31, 2022 | |
Disclosure For Share Premium Account Explanatory [Abstract] | |
Schedule of Share Premium Account | 2022 £m 2021 £m 2020 £m At 1 January and 31 December 600 600 600 |
OTHER RESERVES (Tables)
OTHER RESERVES (Tables) | 12 Months Ended |
Dec. 31, 2022 | |
Disclosure of reserves within equity [abstract] | |
Schedule of Other Reserves | 2022 £m 2021 £m 2020 £m Merger reserve 1 6,348 6,348 6,348 Revaluation reserve in respect of debt securities held at fair value through other comprehensive income (393) (362) (558) Revaluation reserve in respect of equity shares held at fair value through other comprehensive income – – – Cash flow hedging reserve (5,168) (451) 1,507 Foreign currency translation reserve (44) (135) (116) At 31 December 743 5,400 7,181 1 There has been no movements in this reserve in 2022, 2021 or 2020. |
Schedule of revaluation reserve in respect of debt securities | Movements in other reserves were as follows: Revaluation reserve in respect of debt securities held at fair value through other comprehensive income 2022 £m 2021 £m 2020 £m At 1 January (362) (558) (538) Change in fair value (132) 137 46 Deferred tax 34 (44) 29 Current tax 8 – (2) (90) 93 73 Income statement transfers in respect of disposals (note 8) 76 116 (145) Deferred tax (23) (11) 47 53 105 (98) Impairment recognised in the income statement 6 (2) 5 At 31 December (393) (362) (558) |
Schedule of revaluation reserve in respect of equity shares | Revaluation reserve in respect of equity shares held at fair value through other comprehensive income 2022 £m 2021 £m 2020 £m At 1 January – – – Change in fair value – – – Deferred tax (1) 1 (16) (1) 1 (16) Realised gains and losses transferred to retained profits – – – Deferred tax 1 (1) 16 1 (1) 16 At 31 December – – – |
Schedule of - Movement in Merger Reserves, Cash Flow Hedging Reserve, Foreign Currency Translation Reserve | Cash flow hedging reserve 2022 £m 2021 £m 2020 £m At 1 January (451) 1,507 1,556 Change in fair value of hedging derivatives (6,520) (2,138) 709 Deferred tax 1,803 606 (229) (4,717) (1,532) 480 Net income statement transfers (1) (584) (727) Deferred tax 1 158 198 – (426) (529) At 31 December (5,168) (451) 1,507 Foreign currency translation reserve 2022 £m 2021 £m 2020 £m At 1 January (135) (116) (116) Currency translation differences arising in the year 91 (19) – At 31 December (44) (135) (116) |
RETAINED PROFITS (Tables)
RETAINED PROFITS (Tables) | 12 Months Ended |
Dec. 31, 2022 | |
Disclosure of Retained Profits [Abstract] | |
Schedule of Retained Profits | 2022 £m 2021 £m 2020 £m At 1 January 28,836 25,750 24,549 Profit attributable to ordinary shareholders 4,528 4,826 1,023 Post-retirement defined benefit scheme remeasurements (2,152) 1,062 113 Gains and losses attributable to own credit risk (net of tax) 1 364 (52) (55) Dividends paid (note 36) – (2,900) – Issue of other equity instruments – (1) – Repurchases and redemptions of other equity instruments – (9) – Capital contributions received 221 164 140 Return of capital contributions (4) (4) (4) Change in non-controlling interests – (1) – Realised gains and losses on equity shares held at fair value through other comprehensive income (1) 1 (16) At 31 December 31,792 28,836 25,750 1 During 2020 the Group derecognised, on redemption, financial liabilities on which cumulative fair value movements relating to own credit of £1 million net of tax (2022: £nil; 2021: £nil), had been recognised directly in retained profits. |
OTHER EQUITY INSTRUMENTS (Table
OTHER EQUITY INSTRUMENTS (Tables) | 12 Months Ended |
Dec. 31, 2022 | |
Disclosure Of Other Equity Instruments Explanatory [Abstract] | |
Schedule of Other Equity Instruments | 2022 £m 2021 £m 2020 £m At 1 January 4,268 5,935 4,865 Issued in the year: £500 million Fixed Rate Reset Additional Tier 1 Perpetual Subordinated Permanent Write-Down Securities – 500 – £750 million Floating Rate Additional Tier 1 Perpetual Subordinated Permanent Write-Down Securities – 750 – £300 million Floating Rate Additional Tier 1 Perpetual Subordinated Permanent Write-Down Securities – 300 – US$500 million Fixed Rate Reset Additional Tier 1 Perpetual Subordinated Permanent Write-Down Securities – – 383 €750 million Fixed Rate Reset Additional Tier 1 Perpetual Subordinated Permanent Write-Down Securities – – 687 – 1,550 1,070 Repurchases and redemptions during the year – (3,217) – Profit for the year attributable to other equity holders 241 344 417 Distributions on other equity instruments (241) (344) (417) At 31 December 4,268 4,268 5,935 |
DIVIDENDS ON ORDINARY SHARES (T
DIVIDENDS ON ORDINARY SHARES (Tables) | 12 Months Ended |
Dec. 31, 2022 | |
Disclosure of dividends [text block] [Abstract] | |
Schedule of Dividends On Ordinary Shares | Dividends paid during the year were as follows: 2022 £m 2021 £m 2020 £m Interim dividends – 2,900 – |
SHARE-BASED PAYMENTS (Tables)
SHARE-BASED PAYMENTS (Tables) | 12 Months Ended |
Dec. 31, 2022 | |
Disclosure of share-based payment arrangements [text block] [Abstract] | |
Schedule of - Share Options Outstanding, Shares under the Executive Share Ownership Plan, Shares under CFO Buyout | Movements in the number of share options outstanding under the SAYE schemes are set out below: 2022 2021 Number Weighted Number Weighted Outstanding at 1 January 1,180,563,291 30.63 1,120,138,915 30.39 Granted 217,611,519 39.38 236,923,744 39.40 Exercised (23,359,526) 37.75 (6,924,434) 30.57 Forfeited (20,961,259) 29.20 (22,815,078) 28.78 Cancelled (47,687,607) 33.88 (51,479,310) 32.57 Expired (49,248,343) 46.29 (95,280,546) 49.03 Outstanding at 31 December 1,256,918,075 31.30 1,180,563,291 30.63 Exercisable at 31 December 263,302 47.92 336,561 51.03 2022 2021 Number Weighted Number Weighted Outstanding at 1 January 14,032,762 Nil 8,477,084 Nil Granted 10,278,224 Nil 13,610,204 Nil Exercised (3,333,322) Nil (7,110,663) Nil Vested – Nil – Nil Forfeited (33,409) Nil (385,184) Nil Lapsed (477,784) Nil (558,679) Nil Outstanding at 31 December 20,466,471 Nil 14,032,762 Nil Exercisable at 31 December 1,638,202 Nil 708,939 Nil 2022 Number of shares 2021 Number of shares Outstanding at 1 January 686,085 1,810,712 Exercised (686,085) (1,124,627) Outstanding at 31 December – 686,085 2022 Number of shares 2021 Number of shares Outstanding at 1 January 7,444,787 – Granted – 8,301,708 Exercised (859,340) (856,921) Outstanding at 31 December 6,585,447 7,444,787 2022 Number of shares 2021 Number of shares Outstanding at 1 January 350,873,627 533,987,527 Granted – – Vested (50,703,778) (39,621,415) Forfeited (98,741,356) (144,437,243) Dividend award 966,016 944,758 Outstanding at 31 December 202,394,509 350,873,627 2022 Number of shares 2021 Number of shares Outstanding at 1 January 77,883,068 – Granted 108,513,202 83,456,304 Vested – – Forfeited (14,448,527) (5,573,236) Dividend award – – Outstanding at 31 December 171,947,743 77,883,068 |
Schedule of Assumptions Used for Calculating Benefit Plans | The fair value calculations at 31 December 2022 for grants made in the year, using Black-Scholes models and Monte Carlo simulation, are based on the following assumptions: SAYE Executive Long Term Share Plan Weighted average risk-free interest rate 4.33% 3.20% 1.01% Weighted average expected life 3.3 years 1.2 years 3.6 years Weighted average expected volatility 28% 27% 33% Weighted average expected dividend yield 5.3% 5.3% 5.3% Weighted average share price £0.42 £0.47 £0.43 Weighted average exercise price £0.39 Nil Nil |
RELATED PARTY TRANSACTIONS (Tab
RELATED PARTY TRANSACTIONS (Tables) | 12 Months Ended |
Dec. 31, 2022 | |
Disclosure of related party [Abstract] | |
Schedule of Transactions with Key Management Personnel | The table below details, on an aggregated basis, key management personnel compensation: 2022 £m 2021 £m 2020 £m Compensation Salaries and other short-term benefits 11 10 12 Post-employment benefits – – – Share-based payments 14 14 12 Total compensation 25 24 24 2022 million 2021 million 2020 million Share options over Lloyds Banking Group plc shares At 1 January – – – Granted, including certain adjustments (includes entitlements of appointed key management personnel) – – – Exercised/lapsed (includes entitlements of former key management personnel) – – – At 31 December – – – 2022 million 2021 million 2020 million Share plans settled in Lloyds Banking Group plc shares At 1 January 74 117 101 Granted, including certain adjustments (includes entitlements of appointed key management personnel) 29 19 46 Exercised/lapsed (includes entitlements of former key management personnel) (31) (62) (30) At 31 December 72 74 117 The tables below detail, on an aggregated basis, balances outstanding at the year end and related income and expense, together with information relating to other transactions between the Group and its key management personnel: 2022 £m 2021 £m 2020 £m Loans At 1 January 3 2 2 Advanced (includes loans to appointed key management personnel) 1 1 – Repayments (includes loans to former key management personnel) (2) – – At 31 December 2 3 2 2022 £m 2021 £m 2020 £m Deposits At 1 January 11 11 23 Placed (includes deposits of appointed key management personnel) 37 26 26 Withdrawn (includes deposits of former key management personnel) (38) (26) (38) At 31 December 10 11 11 |
Schedule of Balances and Transactions Between Members of the Lloyds Bank Group | The Bank and its subsidiaries have balances due to and from the Bank’s parent company, Lloyds Banking Group plc and fellow subsidiaries of the Bank. These are included on the Group's balance sheet as follows: 2022 £m 2021 £m Assets, included within: Derivative financial instruments 1,120 634 Financial assets at amortised cost: due from fellow Lloyds Banking Group undertakings 816 739 1,936 1,373 Liabilities, included within: Due to fellow Lloyds Banking Group undertakings 2,539 1,490 Derivative financial instruments 1,084 939 Debt securities in issue 17,648 17,961 Subordinated liabilities 6,490 5,176 27,761 25,566 |
CONTINGENT LIABILITIES, COMMI_2
CONTINGENT LIABILITIES, COMMITMENTS AND GUARANTEES (Tables) | 12 Months Ended |
Dec. 31, 2022 | |
Disclosure of commitments and contingent liabilities [Abstract] | |
Schedule of Contingent Liabilities | 2022 £m 2021 £m Contingent liabilities Acceptances and endorsements 58 21 Other: Other items serving as direct credit substitutes 781 433 Performance bonds, including letters of credit, and other transaction-related contingencies 2,061 1,886 2,842 2,319 Total contingent liabilities 2,900 2,340 |
Schedule of Commitments | 2022 £m 2021 £m Commitments and guarantees Forward asset purchases and forward deposits placed 39 60 Undrawn formal standby facilities, credit lines and other commitments to lend: Less than 1 year original maturity: Mortgage offers made 17,068 17,757 Other commitments and guarantees 74,242 79,830 91,310 97,587 1 year or over original maturity 36,020 30,037 Total commitments and guarantees 127,369 127,684 |
FINANCIAL INSTRUMENTS (Tables)
FINANCIAL INSTRUMENTS (Tables) | 12 Months Ended |
Dec. 31, 2022 | |
Disclosure of detailed information about financial instruments [abstract] | |
Schedule of Financial Assets and Liabilites | The following table analyses the carrying amounts of the financial assets and liabilities by category and by balance sheet heading. Derivatives Mandatorily held at Designated At fair value Held at Total Held for Other At 31 December 2022 Financial assets Cash and balances at central banks – – – – – 72,005 72,005 Items in the course of collection from banks – – – – – 229 229 Financial assets at fair value through profit or loss – – 1,371 – – – 1,371 Derivative financial instruments 19 3,838 – – – – 3,857 Loans and advances to banks – – – – – 8,363 8,363 Loans and advances to customers – – – – – 435,627 435,627 Reverse repurchase agreements – – – – – 39,259 39,259 Debt securities – – – – – 7,331 7,331 Due from fellow Lloyds Banking Group undertakings – – – – – 816 816 Financial assets at amortised cost – – – – – 491,396 491,396 Financial assets at fair value through other comprehensive income – – – – 22,846 – 22,846 Total financial assets 19 3,838 1,371 – 22,846 563,630 591,704 Financial liabilities Deposits from banks – – – – – 4,658 4,658 Customer deposits – – – – – 446,172 446,172 Repurchase agreements at amortised cost – – – – – 48,590 48,590 Due to fellow Lloyds Banking Group undertakings – – – – – 2,539 2,539 Items in course of transmission to banks – – – – – 357 357 Financial liabilities at fair value through profit or loss – – – 5,159 – – 5,159 Derivative financial instruments 506 5,385 – – – – 5,891 Notes in circulation – – – – – 1,280 1,280 Debt securities in issue – – – – – 49,056 49,056 Other – – – – – 1,260 1,260 Subordinated liabilities – – – – – 6,593 6,593 Total financial liabilities 506 5,385 – 5,159 – 560,505 571,555 Derivatives Mandatorily held at Designated At fair value Held at Total Held for Other At 31 December 2021 Financial assets Cash and balances at central banks – – – – – 54,279 54,279 Items in the course of collection from banks – – – – – 147 147 Financial assets at fair value through profit or loss – – 1,798 – – – 1,798 Derivative financial instruments 55 5,456 – – – – 5,511 Loans and advances to banks – – – – – 4,478 4,478 Loans and advances to customers – – – – – 430,829 430,829 Reverse repurchase agreements – – – – – 49,708 49,708 Debt securities – – – – – 4,562 4,562 Due from fellow Lloyds Banking Group undertakings – – – – – 739 739 Financial assets at amortised cost – – – – – 490,316 490,316 Financial assets at fair value through other comprehensive income – – – – 27,786 – 27,786 Total financial assets 55 5,456 1,798 – 27,786 544,742 579,837 Financial liabilities Deposits from banks – – – – – 3,363 3,363 Customer deposits – – – – – 449,373 449,373 Repurchase agreements at amortised cost – – – – – 30,106 30,106 Due to fellow Lloyds Banking Group undertakings – – – – – 1,490 1,490 Items in course of transmission to banks – – – – – 308 308 Financial liabilities at fair value through profit or loss – – – 6,537 – – 6,537 Derivative financial instruments 315 4,328 – – – – 4,643 Notes in circulation – – – – – 1,321 1,321 Debt securities in issue – – – – – 48,724 48,724 Other – – – – – 1,411 1,411 Subordinated liabilities – – – – – 8,658 8,658 Total financial liabilities 315 4,328 – 6,537 – 544,754 555,934 |
Schedule of Financial Assets Excluding Derivatives | ). The table below analyses these financial assets by balance sheet classification, asset type and valuation methodology (level 1, 2 or 3, as described on page F- 84 Level 1 Level 2 Level 3 Total At 31 December 2022 Financial assets at fair value through profit or loss Loans and advances to customers – 841 291 1,132 Equity shares 235 – 4 239 Total financial assets at fair value through profit or loss 235 841 295 1,371 Financial assets at fair value through other comprehensive income Debt securities: Government securities 10,839 357 – 11,196 Asset-backed securities – 87 51 138 Corporate and other debt securities 531 10,980 – 11,511 11,370 11,424 51 22,845 Equity shares – – 1 1 Total financial assets at fair value through other comprehensive income 11,370 11,424 52 22,846 Total financial assets carried at fair value, excluding derivatives 11,605 12,265 347 24,217 At 31 December 2021 Financial assets at fair value through profit or loss Loans and advances to customers – 1,164 395 1,559 Equity shares 235 – 4 239 Total financial assets at fair value through profit or loss 235 1,164 399 1,798 Financial assets at fair value through other comprehensive income Debt securities: Government securities 14,599 – – 14,599 Asset-backed securities – – 55 55 Corporate and other debt securities 640 12,491 – 13,131 15,239 12,491 55 27,785 Equity shares – – 1 1 Total financial assets at fair value through other comprehensive income 15,239 12,491 56 27,786 Total financial assets carried at fair value, excluding derivatives 15,474 13,655 455 29,584 |
Schedule of Movements in Level 3 - Portfolio, Financial Liabilities Excluding Derivatives | The table below analyses movements in level 3 financial assets, excluding derivatives, carried at fair value (recurring measurement). 2022 2021 Financial Financial Total level 3 Financial Financial Total level 3 At 1 January 399 56 455 1,511 65 1,576 Exchange and other adjustments – 3 3 2 (2) – Losses recognised in the income statement within other income (20) (3) (23) (72) – (72) Losses recognised in other comprehensive income within the revaluation reserve in respect of financial assets at fair value through other comprehensive income – – – – (2) (2) Purchases/increases to customer loans 3 – 3 397 – 397 Sales/repayments of customer loans (87) (4) (91) (794) (5) (799) Transfers into the level 3 portfolio – – – 4 – 4 Transfers out of the level 3 portfolio – – – (649) – (649) At 31 December 295 52 347 399 56 455 Losses recognised in the income statement, within other income, relating to the change in fair value of those assets held at 31 December (19) – (19) (60) – (60) The table below analyses movements in the level 3 financial liabilities portfolio, excluding derivatives. 2022 £m 2021 £m At 1 January 33 45 Gains recognised in the income statement within other income (3) (5) Redemptions (4) (7) At 31 December 26 33 Gains recognised in the income statement, within other income, relating to the change in fair value of those liabilities held at 31 December (3) (4) |
Schedule of Financial Liabilities Excluding Derivatives | Level 1 Level 2 Level 3 Total At 31 December 2022 Financial liabilities at fair value through profit or loss Debt securities in issue designated at fair value through profit or loss – 5,133 26 5,159 Total financial liabilities carried at fair value, excluding derivatives – 5,133 26 5,159 At 31 December 2021 Financial liabilities at fair value through profit or loss Debt securities in issue designated at fair value through profit or loss – 6,504 33 6,537 Total financial liabilities carried at fair value, excluding derivatives – 6,504 33 6,537 |
Schedule of Derivatives | 2022 2021 Level 1 Level 2 Level 3 Total Level 1 Level 2 Level 3 Total Derivative assets – 3,857 – 3,857 – 5,495 16 5,511 Derivative liabilities – (5,728) (163) (5,891) – (4,436) (207) (4,643) Movements in level 3 portfolio The table below analyses movements in level 3 derivative assets and liabilities carried at fair value. 2022 2021 Derivative Derivative Derivative Derivative At 1 January 16 (207) 14 (319) Gains recognised in the income statement within other income 1 27 2 93 Purchases (additions) – (9) – – (Sales) redemptions – 25 – 19 Transfers out of the level 3 portfolio (17) 1 – – At 31 December – (163) 16 (207) Gains recognised in the income statement, within other income, relating to the change in fair value of those assets or liabilities held at 31 December – 26 2 69 |
Schedule of Valuation Adjustment Movements | The following table summarises the movement on this valuation adjustment account during 2021 and 2022: 2022 £m 2021 £m At 1 January 154 242 Income statement credit (104) (88) At 31 December 50 154 |
Schedule of Valuation Adjustments | Represented by: 2022 £m 2021 £m Credit Valuation Adjustment 48 112 Debit Valuation Adjustment (8) (4) Funding Valuation Adjustment 10 46 50 154 |
Schedule of Sensitivity of Level 3 Valuations | 2022 2021 Effect of reasonably possible alternative assumptions 1 Effect of reasonably possible alternative assumptions 1 Valuation Significant 2 Carrying Favourable Unfavourable Carrying Favourable Unfavourable Financial assets at fair value through profit or loss Loans and advances to customers Discounted cash flows Interest rate spreads (+/-50bps) 3 291 25 (23) 395 32 (30) Equity investments n/a 4 2 (2) 4 2 (2) 295 399 Financial assets at fair value through other comprehensive income Asset-backed securities Lead manager or broker quote/consensus pricing n/a 51 4 (4) 55 4 (4) Equity investments n/a 1 – – 1 – – 52 56 Derivative financial assets Interest rate derivatives Option pricing model Interest rate volatility (n/a) 4 – – – 16 – – Level 3 financial assets carried at fair value 347 471 Financial liabilities at fair value through profit or loss Securitisation notes Discounted cash flows Interest rate spreads (+/-50bps) 5 26 1 (1) 33 1 (1) Derivative financial liabilities Interest rate derivatives Option pricing model Interest rate volatility (17%/105%) 6 13 – – 31 – – Shared appreciation rights Market values – property valuation HPI (+/-1%) 7 150 16 (16) 176 19 (18) 163 207 Level 3 financial liabilities carried at fair value 189 240 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. 3 2021: +/- 50bps 4 2021: 31%/59% 5 2021: +/-50bps 6 2021: 13%/168% 7 2021: +/-1% |
Schedule of Valuation Hierarchy for Financial Assets | The table below analyses the fair values of those financial assets of the Group which are carried at amortised cost by valuation methodology (level 1, 2 or 3, as described on page F- 84 Carrying Fair Valuation hierarchy Level 1 Level 2 Level 3 At 31 December 2022 Loans and advances to banks 8,363 8,363 – – 8,363 Loans and advances to customers 435,627 430,980 – – 430,980 Reverse repurchase agreements 39,259 39,259 – 39,259 – Debt securities 7,331 7,334 167 7,167 – Due from fellow Lloyds Banking Group undertakings 816 816 – – 816 Financial assets at amortised cost 491,396 486,752 167 46,426 440,159 At 31 December 2021 Loans and advances to banks 4,478 4,478 – – 4,478 Loans and advances to customers 430,829 434,280 – – 434,280 Reverse repurchase agreements 49,708 49,708 – 49,708 – Debt securities 4,562 4,615 – 4,615 – Due from fellow Lloyds Banking Group undertakings 739 739 – – 739 Financial assets at amortised cost 490,316 493,820 – 54,323 439,497 |
Schedule of Valuation Hierarchy for Financial Liabilities | The table below analyses the fair values of those financial liabilities of the Group which are carried at amortised cost by valuation methodology (level 1, 2 or 3, as described on page F- 84 Carrying Fair Valuation hierarchy Level 1 Level 2 Level 3 At 31 December 2022 Deposits from banks 4,658 4,660 – 4,660 – Customer deposits 446,172 445,916 – 445,916 – Repurchase agreements at amortised cost 48,590 48,590 – 48,590 – Due to fellow Lloyds Banking Group undertakings 2,539 2,539 – 2,539 – Debt securities in issue 49,056 48,818 – 48,818 – Subordinated liabilities 6,593 6,760 – 6,760 – At 31 December 2021 Deposits from banks 3,363 3,364 – 3,364 – Customer deposits 449,373 449,455 – 449,455 – Repurchase agreements at amortised cost 30,106 30,106 – 30,106 – Due to fellow Lloyds Banking Group undertakings 1,490 1,490 – 1,490 – Debt securities in issue 48,724 50,683 – 50,683 – Subordinated liabilities 8,658 9,363 – 9,363 – |
TRANSFERS OF FINANCIAL ASSETS (
TRANSFERS OF FINANCIAL ASSETS (Tables) | 12 Months Ended |
Dec. 31, 2022 | |
Disclosure of transferred financial assets that are not derecognised in their entirety [Abstract] | |
Schedule of Transferred Assets and Liabilities | The table below sets out the carrying values of the transferred assets and the associated liabilities. For repurchase and securities lending transactions, the associated liabilities represent the Group’s obligation to repurchase the transferred assets. For securitisation programmes, the associated liabilities represent the external notes in issue (note 25). The liabilities shown in the table below have recourse to the transferred assets. 2022 2021 Carrying Carrying Carrying Carrying Repurchase and securities lending transactions Financial assets at fair value through other comprehensive income 11,801 6,571 7,706 5,039 Securitisation programmes Financial assets at amortised cost: Loans and advances to customers 1 28,981 2,806 30,965 3,705 1 The carrying value of associated liabilities excludes securitisation notes held by the Group of £21,887 million (31 December 2021: £23,521 million). |
OFFSETTING OF FINANCIAL ASSET_2
OFFSETTING OF FINANCIAL ASSETS AND LIABILITIES (Tables) | 12 Months Ended |
Dec. 31, 2022 | |
Disclosure of offsetting of financial assets and financial liabilities [Abstract] | |
Schedule of Offsetting of Financial Assets and Liabilities | The following information relates to financial assets and liabilities which have been offset in the balance sheet and those which have not been offset but for which the Group has enforceable master netting agreements or collateral arrangements in place with counterparties. Related amounts where 1 Potential Gross amounts of assets and liabilities 2 £m Amount offset in the balance sheet 3 £m Net amounts Cash Non-cash At 31 December 2022 Financial assets Financial assets at fair value through profit or loss 1,371 – 1,371 – – 1,371 Derivative financial instruments 55,541 (51,684) 3,857 (767) (2,983) 107 Financial assets at amortised cost: Loans and advances to banks 8,363 – 8,363 (1,147) – 7,216 Loans and advances to customers 438,957 (3,330) 435,627 (308) (2,171) 433,148 Reverse repurchase agreements 49,694 (10,435) 39,259 – (39,259) – Debt securities 7,331 – 7,331 – – 7,331 504,345 (13,765) 490,580 (1,455) (41,430) 447,695 Financial assets at fair value through other comprehensive income 22,846 – 22,846 – (6,393) 16,453 Financial liabilities Deposits from banks 4,658 – 4,658 (626) – 4,032 Customer deposits 447,096 (924) 446,172 (141) (2,171) 443,860 Repurchase agreements at amortised cost 59,025 (10,435) 48,590 – (48,590) – Financial liabilities at fair value through profit or loss 5,159 – 5,159 – – 5,159 Derivative financial instruments 59,981 (54,090) 5,891 (1,455) (3,988) 448 Related amounts where 1 Potential Gross amounts of assets and liabilities 2 £m Amount offset in the balance sheet 3 £m Net amounts Cash Non-cash At 31 December 2021 Financial assets Financial assets at fair value through profit or loss 1,798 – 1,798 – (35) 1,763 Derivative financial instruments 33,665 (28,154) 5,511 (1,621) (2,733) 1,157 Financial assets at amortised cost: Loans and advances to banks 4,478 – 4,478 (350) – 4,128 Loans and advances to customers 431,994 (1,165) 430,829 (102) (1,506) 429,221 Reverse repurchase agreements 59,645 (9,937) 49,708 – (49,708) – Debt securities 4,562 – 4,562 – (267) 4,295 500,679 (11,102) 489,577 (452) (51,481) 437,644 Financial assets at fair value through other comprehensive income 27,786 – 27,786 – (4,981) 22,805 Financial liabilities Deposits from banks 3,363 – 3,363 (1,404) – 1,959 Customer deposits 450,538 (1,165) 449,373 (217) (1,506) 447,650 Repurchase agreements at amortised cost 40,043 (9,937) 30,106 – (30,106) – Financial liabilities at fair value through profit or loss 6,537 – 6,537 – – 6,537 Derivative financial instruments 32,797 (28,154) 4,643 (452) (4,191) – 1 The Group enters into derivatives and repurchase and reverse repurchase agreements with various counterparties which are governed by industry standard master netting agreements. The Group holds and provides cash and securities collateral in respective of derivative transactions covered by these agreements. The right to set off balances under these master netting agreements or to set off cash and securities collateral only arises in the event of non-payment or default and, as a result, these arrangements do not qualify for offsetting under IAS 32. 2 Net of impairment allowances. 3 The amounts offset in the balance sheet as shown above mainly represent derivatives and repurchase agreements with central clearing houses which meet the criteria for offsetting under IAS 32. |
FINANCIAL RISK MANAGEMENT (Tabl
FINANCIAL RISK MANAGEMENT (Tables) | 12 Months Ended |
Dec. 31, 2022 | |
Disclosure of financial risk management [text block] [Abstract] | |
Schedule of Interest Rate Risk Exposure | At 31 At 31 December 2022 At 31 December 2021 GBP USD Other 1 £m Total GBP USD Other Total Non-derivative financial assets Financial assets at fair value through profit or loss – – – – 131 172 – 303 Loans and advances to banks – 67 – 67 – 3,252 – 3,252 Loans and advances to customers 760 670 2 1,432 3,419 2,549 – 5,968 Financial assets at amortised cost 760 737 2 1,499 3,419 5,801 – 9,220 760 737 2 1,499 3,550 5,973 – 9,523 Non-derivative financial liabilities Financial liabilities at fair value through profit or loss – 100 – 100 – 100 3 103 Debt securities in issue 2 – 1,216 310 1,526 – 3,548 26 3,574 – 1,316 310 1,626 – 3,648 29 3,677 Derivative notional/contract amount Interest rate 242 96,795 653 97,690 4,271 120,797 – 125,068 Cross currency – 14,414 921 15,335 – 22,663 – 22,663 242 111,209 1,574 113,025 4,271 143,460 – 147,731 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. 2 Includes capital related issuances of £3,494 million held by Lloyds Banking Group plc. |
Schedule of Maximum Credit Exposure | 2022 2021 Maximum Offset 1 £m Net Maximum Offset 1 £m Net Financial assets at fair value through profit or loss 2 1,132 – 1,132 1,559 – 1,559 Derivative financial instruments 3,857 (1,811) 2,046 5,511 (2,369) 3,142 Financial assets at amortised cost, net 3 : Loans and advances to banks, net 3 8,363 – 8,363 4,478 – 4,478 Loans and advances to customers, net 3 435,627 (2,171) 433,456 430,829 (1,506) 429,323 Reverse repurchase agreements, net 3 39,259 – 39,259 49,708 – 49,708 Debt securities, net 3 7,331 – 7,331 4,562 – 4,562 490,580 (2,171) 488,409 489,577 (1,506) 488,071 Financial assets at fair value through other comprehensive income 2 22,845 – 22,845 27,785 – 27,785 Off-balance sheet items: Acceptances and endorsements 58 – 58 21 – 21 Other items serving as direct credit substitutes 781 – 781 433 – 433 Performance bonds, including letters of credit, and other transaction-related contingencies 2,061 – 2,061 1,886 – 1,886 Irrevocable commitments and guarantees 57,782 – 57,782 55,690 – 55,690 60,682 – 60,682 58,030 – 58,030 579,096 (3,982) 575,114 582,462 (3,875) 578,587 1 Offset items comprise deposit amounts available for offset, and amounts available for offset under master netting arrangements, that do not meet the criteria under IAS 32 to enable loans and advances and derivative assets respectively to be presented net of these balances in the financial statements. 2 Excluding equity shares. 3 Amounts shown net of related impairment allowances. |
Schedule of Concentration of Exposure | 2022 £m 2021 £m Agriculture, forestry and fishing 7,447 7,728 Energy and water supply 2,515 1,962 Manufacturing 3,311 3,505 Construction 4,057 4,325 Transport, distribution and hotels 13,062 13,367 Postal and telecommunications 2,409 1,857 Property companies 20,866 23,156 Financial, business and other services 21,281 19,137 Personal: Mortgages 1 322,480 318,422 Other 26,099 24,546 Lease financing 625 843 Hire purchase 15,950 15,785 Total loans and advances to customers before allowance for impairment losses 440,102 434,633 Allowance for impairment losses (note 15) (4,475) (3,804) Total loans and advances to customers 435,627 430,829 1 Includes both UK and overseas mortgage balances. |
Schedule of Average Probability of Default Grade | Retail Commercial Quality classification IFRS 9 PD range Quality classification IFRS 9 PD range RMS 1–3 0.00–0.80% CMS 1–5 0.000–0.100% RMS 4–6 0.81–4.50% CMS 6–10 0.101–0.500% RMS 7–9 4.51–14.00% CMS 11–14 0.501–3.000% RMS 10 14.01–20.00% CMS 15–18 3.001–20.000% RMS 11–13 20.01–99.99% CMS 19 20.001–99.999% RMS 14 100.00% CMS 20–23 100.000% |
Schedule of Credit Quality of Assets | Drawn exposures Expected credit loss allowance Gross drawn exposures and expected credit loss allowance Stage 1 Stage 2 Stage 3 POCI Total Stage 1 Stage 2 Stage 3 POCI Total At 31 December 2022 Loans and advances to banks CMS 1–5 1,093 – – – 1,093 – – – – – CMS 6–10 7,263 – – – 7,263 9 – – – 9 CMS 11–14 13 3 – – 16 – – – – – CMS 15–18 – – – – – – – – – – CMS 19 – – – – – – – – – – CMS 20–23 – – – – – – – – – – 8,369 3 – – 8,372 9 – – – 9 Loans and advances to customers Retail – UK mortgages RMS 1–3 250,937 24,844 – – 275,781 81 180 – – 261 RMS 4–6 6,557 11,388 – – 17,945 10 140 – – 150 RMS 7–9 23 2,443 – – 2,466 – 72 – – 72 RMS 10 – 734 – – 734 – 24 – – 24 RMS 11–13 – 2,374 – – 2,374 – 136 – – 136 RMS 14 – – 3,416 9,622 13,038 – – 311 253 564 257,517 41,783 3,416 9,622 312,338 91 552 311 253 1,207 Retail – credit cards RMS 1–3 3,587 5 – – 3,592 7 – – – 7 RMS 4–6 6,497 1,441 – – 7,938 66 70 – – 136 RMS 7–9 1,332 1,246 – – 2,578 47 167 – – 214 RMS 10 – 227 – – 227 – 52 – – 52 RMS 11–13 – 368 – – 368 – 144 – – 144 RMS 14 – – 289 – 289 – – 113 – 113 11,416 3,287 289 – 14,992 120 433 113 – 666 Retail – loans and overdrafts RMS 1–3 659 1 – – 660 2 – – – 2 RMS 4–6 5,902 451 – – 6,353 90 24 – – 114 RMS 7–9 1,724 657 – – 2,381 69 83 – – 152 RMS 10 53 199 – – 252 5 45 – – 50 RMS 11–13 19 405 – – 424 3 163 – – 166 RMS 14 – – 247 – 247 – – 126 – 126 8,357 1,713 247 – 10,317 169 315 126 – 610 Retail – UK Motor Finance RMS 1–3 8,969 743 – – 9,712 66 9 – – 75 RMS 4–6 2,778 930 – – 3,708 25 20 – – 45 RMS 7–9 425 325 – – 750 2 13 – – 15 RMS 10 – 99 – – 99 – 8 – – 8 RMS 11–13 2 148 – – 150 – 26 – – 26 RMS 14 – – 154 – 154 – – 81 – 81 12,174 2,245 154 – 14,573 93 76 81 – 250 Retail – other RMS 1–3 12,588 328 – – 12,916 9 4 – – 13 RMS 4–6 1,311 213 – – 1,524 4 11 – – 15 RMS 7–9 – 90 – – 90 – 3 – – 3 RMS 10 – 5 – – 5 – – – – – RMS 11–13 91 7 – – 98 – – – – – RMS 14 – – 157 – 157 – – 52 – 52 13,990 643 157 – 14,790 13 18 52 – 83 Total Retail 303,454 49,671 4,263 9,622 367,010 486 1,394 683 253 2,816 Drawn exposures Expected credit loss allowance Gross drawn exposures and expected credit loss allowance (continued) Stage 1 Stage 2 Stage 3 POCI Total Stage 1 Stage 2 Stage 3 POCI Total At 31 December 2022 Commercial Banking CMS 1–5 11,906 14 – – 11,920 2 – – – 2 CMS 6–10 16,689 293 – – 16,982 21 2 – – 23 CMS 11–14 30,646 4,963 – – 35,609 123 83 – – 206 CMS 15–18 3,257 4,352 – – 7,609 46 239 – – 285 CMS 19 12 810 – – 822 – 74 – – 74 CMS 20–23 – – 3,348 – 3,348 – – 1,069 – 1,069 62,510 10,432 3,348 – 76,290 192 398 1,069 – 1,659 Other 1 (3,198) – – – (3,198) – – – – – Total loans and advances to customers 362,766 60,103 7,611 9,622 440,102 678 1,792 1,752 253 4,475 In respect of: Retail 303,454 49,671 4,263 9,622 367,010 486 1,394 683 253 2,816 Commercial Banking 62,510 10,432 3,348 – 76,290 192 398 1,069 – 1,659 Other 1 (3,198) – – – (3,198) – – – – – Total loans and advances to customers 362,766 60,103 7,611 9,622 440,102 678 1,792 1,752 253 4,475 1 Includes centralised fair value hedge accounting adjustments. Reverse repurchase agreements Banks CMS 1–5 3,292 – – – 3,292 – – – – – CMS 6–10 258 – – – 258 – – – – – CMS 11–14 – – – – – – – – – – CMS 15–18 – – – – – – – – – – CMS 19 – – – – – – – – – – CMS 20–23 – – – – – – – – – – 3,550 – – – 3,550 – – – – – Customers CMS 1–5 3,752 – – – 3,752 – – – – – CMS 6–10 31,957 – – – 31,957 – – – – – CMS 11–14 – – – – – – – – – – CMS 15–18 – – – – – – – – – – CMS 19 – – – – – – – – – – CMS 20–23 – – – – – – – – – – 35,709 – – – 35,709 – – – – – Total reverse repurchase agreements 39,259 – – – 39,259 – – – – – Undrawn exposures Expected credit loss allowance Gross undrawn exposures and expected credit loss allowance Stage 1 Stage 2 Stage 3 POCI Total Stage 1 Stage 2 Stage 3 POCI Total At 31 December 2022 Retail – UK mortgages RMS 1–3 16,003 159 – – 16,162 – – – – – RMS 4–6 83 62 – – 145 1 – – – 1 RMS 7–9 – 25 – – 25 – – – – – RMS 10 – 7 – – 7 – – – – – RMS 11–13 – 21 – – 21 – 1 – – 1 RMS 14 – – 17 67 84 – – – – – 16,086 274 17 67 16,444 1 1 – – 2 Retail – credit cards RMS 1–3 39,384 30 – – 39,414 16 – – – 16 RMS 4–6 14,355 2,975 – – 17,330 32 28 – – 60 RMS 7–9 580 422 – – 1,002 5 8 – – 13 RMS 10 – 46 – – 46 – 2 – – 2 RMS 11–13 – 76 – – 76 – 6 – – 6 RMS 14 – – 45 – 45 – – – – – 54,319 3,549 45 – 57,913 53 44 – – 97 Retail – loans and overdrafts RMS 1–3 4,174 2 – – 4,176 4 – – – 4 RMS 4–6 1,618 386 – – 2,004 6 12 – – 18 RMS 7–9 253 159 – – 412 6 18 – – 24 RMS 10 6 36 – – 42 – 7 – – 7 RMS 11–13 – 61 – – 61 – 15 – – 15 RMS 14 – – 17 – 17 – – – – – 6,051 644 17 – 6,712 16 52 – – 68 Retail – UK Motor Finance RMS 1–3 318 – – – 318 – – – – – RMS 4–6 1,259 – – – 1,259 2 – – – 2 RMS 7–9 347 1 – – 348 – – – – – RMS 10 – – – – – – – – – – RMS 11–13 – – – – – – – – – – RMS 14 – – – – – – – – – – 1,924 1 – – 1,925 2 – – – 2 Retail – other RMS 1–3 702 – – – 702 – – – – – RMS 4–6 198 – – – 198 3 – – – 3 RMS 7–9 – – – – – – – – – – RMS 10 – – – – – – – – – – RMS 11–13 – – – – – – – – – – RMS 14 – – – – – – – – – – 900 – – – 900 3 – – – 3 Total Retail 79,280 4,468 79 67 83,894 75 97 – – 172 Gross undrawn exposures and expected credit loss allowance (continued) Undrawn exposures Expected credit loss allowance Stage 1 Stage 2 Stage 3 POCI Total Stage 1 Stage 2 Stage 3 POCI Total At 31 December 2022 Commercial Banking CMS 1–5 15,266 – – – 15,266 1 – – – 1 CMS 6–10 16,508 34 – – 16,542 11 2 – – 13 CMS 11–14 8,657 1,296 – – 9,953 27 27 – – 54 CMS 15–18 779 800 – – 1,579 8 42 – – 50 CMS 19 – 85 – – 85 – 10 – – 10 CMS 20–23 – – 48 – 48 – – 4 – 4 41,210 2,215 48 – 43,473 47 81 4 – 132 Other CMS 1–5 2 – – – 2 – – – – – CMS 6–10 – – – – – – – – – – CMS 11–14 – – – – – – – – – – CMS 15–18 – – – – – – – – – – CMS 19 – – – – – – – – – – CMS 20–23 – – – – – – – – – – 2 – – – 2 – – – – – Total 120,492 6,683 127 67 127,369 122 178 4 – 304 In respect of: Retail 79,280 4,468 79 67 83,894 75 97 – – 172 Commercial Banking 41,210 2,215 48 – 43,473 47 81 4 – 132 Other 2 – – – 2 – – – – – Total 120,492 6,683 127 67 127,369 122 178 4 – 304 Drawn exposures Expected credit loss allowance Gross drawn exposures and expected credit loss allowance Stage 1 Stage 2 Stage 3 POCI Total Stage 1 Stage 2 Stage 3 POCI Total At 31 December 2021 Loans and advances to banks CMS 1–5 4,108 – – – 4,108 – – – – – CMS 6–10 368 – – – 368 – – – – – 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 1–3 270,649 9,785 – – 280,434 48 146 – – 194 RMS 4–6 2,971 8,288 – – 11,259 – 104 – – 104 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 1 RMS 1–3 5,076 15 – – 5,091 9 – – – 9 RMS 4–6 6,023 1,092 – – 7,115 58 43 – – 101 RMS 7–9 819 623 – – 1,442 29 71 – – 100 RMS 10 – 112 – – 112 – 22 – – 22 RMS 11–13 – 235 – – 235 – 82 – – 82 RMS 14 – – 292 – 292 – – 128 – 128 11,918 2,077 292 – 14,287 96 218 128 – 442 Retail – loans and overdrafts RMS 1–3 1,426 2 – – 1,428 5 – – – 5 RMS 4–6 5,794 499 – – 6,293 79 23 – – 102 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 1–3 8,758 465 – – 9,223 79 6 – – 85 RMS 4–6 2,904 844 – – 3,748 22 19 – – 41 RMS 7–9 583 298 – – 881 5 15 – – 20 RMS 10 – 69 – – 69 – 7 – – 7 RMS 11–13 2 152 – – 154 – 27 – – 27 RMS 14 – – 201 – 201 – – 116 – 116 12,247 1,828 201 – 14,276 106 74 116 – 296 Retail – other 1 RMS 1–3 9,715 228 – – 9,943 3 4 – – 7 RMS 4–6 1,386 265 – – 1,651 11 8 – – 19 RMS 7–9 – 88 – – 88 – 3 – – 3 RMS 10 – 2 – – 2 – – – – – RMS 11–13 97 10 – – 107 – – – – – RMS 14 – – 169 – 169 – – 52 – 52 11,198 593 169 – 11,960 14 15 52 – 81 Total Retail 317,173 27,401 2,873 10,977 358,424 390 854 619 210 2,073 Gross drawn exposures and expected credit loss allowance (continued) Drawn exposures Expected credit loss allowance Stage 1 Stage 2 Stage 3 POCI Total Stage 1 Stage 2 Stage 3 POCI Total At 31 December 2021 Commercial Banking 1 CMS 1–5 11,678 34 – – 11,712 1 – – – 1 CMS 6–10 19,822 309 – – 20,131 21 – – – 21 CMS 11–14 31,979 3,453 – – 35,432 83 76 – – 159 CMS 15–18 2,181 2,832 – – 5,013 14 143 – – 157 CMS 19 – 855 – – 855 – 39 – – 39 CMS 20–23 – – 3,533 – 3,533 – – 954 – 954 65,660 7,483 3,533 – 76,676 119 258 954 – 1,331 Other 2 (467) – – – (467) 400 – – – 400 Total loans and advances to customers 382,366 34,884 6,406 10,977 434,633 909 1,112 1,573 210 3,804 In respect of: Retail 317,173 27,401 2,873 10,977 358,424 390 854 619 210 2,073 Commercial Banking 65,660 7,483 3,533 – 76,676 119 258 954 – 1,331 Other 2 (467) – – – (467) 400 – – – 400 Total loans and advances to customers 382,366 34,884 6,406 10,977 434,633 909 1,112 1,573 210 3,804 1 Reflects the new organisation structure, with Business Banking and Commercial Cards moving from Retail to Commercial Banking and Wealth moving from Other to Retail; comparatives have been presented on a consistent basis. 2 Includes centralised fair value hedge accounting adjustments and a central adjustment of £400 million that was applied in respect of uncertainty in the economic outlook. Reverse repurchase agreements Banks CMS 1–5 2,901 – – – 2,901 – – – – – CMS 6–10 95 – – – 95 – – – – – CMS 11–14 – – – – – – – – – – CMS 15–18 – – – – – – – – – – CMS 19 – – – – – – – – – – CMS 20–23 – – – – – – – – – – 2,996 – – – 2,996 – – – – – Customers CMS 1–5 10,399 – – – 10,399 – – – – – CMS 6–10 36,313 – – – 36,313 – – – – – CMS 11–14 – – – – – – – – – – CMS 15–18 – – – – – – – – – – CMS 19 – – – – – – – – – – CMS 20–23 – – – – – – – – – – 46,712 – – – 46,712 – – – – – Total reverse repurchase agreements 49,708 – – – 49,708 – – – – – Gross undrawn exposures and expected credit loss allowance Undrawn exposures Expected credit loss allowance Stage 1 Stage 2 Stage 3 POCI Total Stage 1 Stage 2 Stage 3 POCI Total At 31 December 2021 Retail – UK mortgages RMS 1–3 16,947 67 – – 17,014 1 – – – 1 RMS 4–6 24 25 – – 49 – – – – – RMS 7–9 – 3 – – 3 – – – – – RMS 10 – – – – – – – – – – RMS 11–13 – – – – – – – – – – RMS 14 – – 13 72 85 – – – – – 16,971 95 13 72 17,151 1 – – – 1 Retail – credit cards 1 RMS 1–3 47,427 81 – – 47,508 23 2 – – 25 RMS 4–6 8,811 2,160 – – 10,971 22 22 – – 44 RMS 7–9 242 172 – – 414 3 3 – – 6 RMS 10 – 31 – – 31 – 1 – – 1 RMS 11–13 – 58 – – 58 – 3 – – 3 RMS 14 – – 55 – 55 – – – – – 56,480 2,502 55 – 59,037 48 31 – – 79 Retail – loans and overdrafts RMS 1–3 5,123 3 – – 5,126 4 – – – 4 RMS 4–6 1,180 228 – – 1,408 5 4 – – 9 RMS 7–9 97 48 – – 145 1 5 – – 6 RMS 10 1 11 – – 12 – 2 – – 2 RMS 11–13 – 29 – – 29 – 6 – – 6 RMS 14 – – 18 – 18 – – – – – 6,401 319 18 – 6,738 10 17 – – 27 Retail – UK Motor Finance RMS 1–3 277 – – – 277 – – – – – RMS 4–6 1,180 – – – 1,180 2 – – – 2 RMS 7–9 527 – – – 527 – – – – – RMS 10 – – – – – – – – – – RMS 11–13 1 – – – 1 – – – – – RMS 14 – – – – – – – – – – 1,985 – – – 1,985 2 – – – 2 Retail – other 1 RMS 1–3 598 – – – 598 – – – – – RMS 4–6 298 – – – 298 1 – – – 1 RMS 7–9 – – – – – – – – – – RMS 10 – – – – – – – – – – RMS 11–13 – – – – – – – – – – RMS 14 – – – – – – – – – – 896 – – – 896 1 – – – 1 Total Retail 82,733 2,916 86 72 85,807 62 48 – – 110 Gross undrawn exposures and expected credit loss allowance (continued) Undrawn exposures Expected credit loss allowance Stage 1 Stage 2 Stage 3 POCI Total Stage 1 Stage 2 Stage 3 POCI Total At 31 December 2021 Commercial Banking 1 CMS 1–5 18,993 1 – – 18,994 1 – – – 1 CMS 6–10 12,986 47 – – 13,033 13 – – – 13 CMS 11–14 7,237 1,212 – – 8,449 21 18 – – 39 CMS 15–18 453 347 – – 800 6 17 – – 23 CMS 19 – 33 – – 33 – 3 – – 3 CMS 20–23 – – 67 – 67 – – 5 – 5 39,669 1,640 67 – 41,376 41 38 5 – 84 Other CMS 1–5 – – – – – – – – – – CMS 6–10 501 – – – 501 – – – – – CMS 11–14 – – – – – – – – – – CMS 15–18 – – – – – – – – – – CMS 19 – – – – – – – – – – CMS 20–23 – – – – – – – – – – 501 – – – 501 – – – – – Total 122,903 4,556 153 72 127,684 103 86 5 – 194 In respect of: Retail 82,733 2,916 86 72 85,807 62 48 – – 110 Commercial Banking 39,669 1,640 67 – 41,376 41 38 5 – 84 Other 501 – – – 501 – – – – – Total 122,903 4,556 153 72 127,684 103 86 5 – 194 |
Schedule of Debt Securities Classified as Loans and Receivables | An analysis by credit rating of the Group's debt securities held at amortised cost is provided below: 2022 2021 Investment grade 1 £m Other 2 £m Total Investment grade 1 £m Other 2 £m Total Government securities 247 – 247 202 – 202 Asset-backed securities: Mortgage-backed securities 3,712 – 3,712 1,457 – 1,457 Other asset-backed securities 1,946 2 1,948 1,590 18 1,608 5,658 2 5,660 3,047 18 3,065 Corporate and other debt securities 1,431 1 1,432 1,296 1 1,297 Gross exposure 7,336 3 7,339 4,545 19 4,564 Allowance for impairment losses (8) (2) Total debt securities held at amortised cost 7,331 4,562 1 Credit ratings equal to or better than ‘BBB’. 2 Other comprises sub-investment grade (2022: £nil; 2021: £18 million) and not rated (2022: £3 million; 2021: £1 million). Financial assets at fair value through other comprehensive income (excluding equity shares) |
Schedule of Available-for-Sale Financial Assets (Excluding Equity Shares) | . The credit quality of the Group's financial assets at fair value through other comprehensive income (excluding equity shares) is set out below: 2022 2021 Investment grade 1 £m Other 2 £m Total Investment grade 1 £m Other 2 £m Total Debt securities: Government securities 11,196 – 11,196 14,599 – 14,599 Asset-backed securities 87 51 138 – 55 55 Corporate and other debt securities 11,470 41 11,511 13,087 44 13,131 22,753 92 22,845 27,686 99 27,785 Total financial assets at fair value through other comprehensive income 22,753 92 22,845 27,686 99 27,785 1 Credit ratings equal to or better than ‘BBB’. 2 Other comprises sub-investment grade (2022: £51 million; 2021: £55 million) and not rated (2022: £41 million; 2021: £44 million). |
Schedule of Derivative Assets | 2022 2021 Investment grade 1 £m Other 2 £m Total Investment grade 1 £m Other 2 £m Total Trading and other 2,435 283 2,718 3,991 834 4,825 Hedging 14 5 19 52 – 52 2,449 288 2,737 4,043 834 4,877 Due from fellow Lloyds Banking Group undertakings 1,120 634 Total derivative financial instruments 3,857 5,511 1 Credit ratings equal to or better than ‘BBB’. 2 Other comprises sub-investment grade (2022: £112 million; 2021: £622 million) and not rated (2022: £176 million; 2021: £212 million). |
Schedule of Mortgage Lending | 2022 2021 Stage 1 Stage 2 Stage 3 POCI Total gross Stage 1 Stage 2 Stage 3 POCI Total gross Less than 70 per cent 210,457 33,205 3,161 8,845 255,668 217,830 19,766 1,717 9,872 249,185 70 per cent to 80 per cent 31,788 5,264 170 359 37,581 42,808 1,632 134 572 45,146 80 per cent to 90 per cent 11,942 2,604 48 149 14,743 12,087 253 52 184 12,576 90 per cent to 100 per cent 3,319 606 13 113 4,051 779 46 14 135 974 Greater than 100 per cent 11 104 24 156 295 125 101 23 214 463 Total 257,517 41,783 3,416 9,622 312,338 273,629 21,798 1,940 10,977 308,344 The energy performance certificate (EPC) profile of the security associated with the Group’s UK mortgage portfolio is shown below: 2022 2021 EPC profile £m % £m % A 731 0.2 563 0.2 B 37,075 11.9 34,070 11.0 C 60,086 19.2 54,636 17.7 D 93,010 29.8 88,752 28.8 E 35,015 11.2 35,086 11.4 F 6,990 2.2 7,258 2.4 G 1,519 0.5 1,546 0.5 Unrated properties 77,912 25.0 86,433 28.0 Total 312,338 100.0 308,344 100.0 The above data is sourced using the latest available government EPC information as at the relevant balance sheet date. The Group has no EPC data available for 25.0 per cent (2021: 28.0 per cent) of the UK mortgage portfolio, these are classified as unrated properties. |
Schedule of Securities Lending Transactions | The following on-balance sheet financial assets have been lent to counterparties under securities lending transactions: 2022 £m 2021 £m Financial assets at fair value through other comprehensive income 5,408 2,724 Total 5,408 2,724 |
Schedule of Maturities and of Assets and Liabilities | Up to 1 1–3 3–12 1–5 Over 5 Total At 31 December 2022 Deposits from banks 3,728 28 179 673 83 4,691 Customer deposits 430,808 3,565 7,164 4,882 304 446,723 Repurchase agreements at amortised cost 12,494 6,188 904 33,054 38 52,678 Financial liabilities at fair value through profit or loss 84 60 100 1,565 3,736 5,545 Debt securities in issue 4,400 8,571 6,717 25,886 7,802 53,376 Lease liabilities 7 52 161 557 611 1,388 Subordinated liabilities 24 89 687 4,775 7,945 13,520 Total non-derivative financial liabilities 451,545 18,553 15,912 71,392 20,519 577,921 Derivative financial liabilities: Gross settled derivatives – outflows 2,815 3,241 3,501 7,920 4,700 22,177 Gross settled derivatives – inflows (1,927) (2,996) (3,372) (7,862) (4,731) (20,888) Gross settled derivatives – net flows 888 245 129 58 (31) 1,289 Net settled derivative liabilities 2,652 (19) 54 271 250 3,208 Total derivative financial liabilities 3,540 226 183 329 219 4,497 At 31 December 2021 Deposits from banks 1,812 136 32 1,420 216 3,616 Customer deposits 439,193 1,540 3,616 5,046 569 449,964 Repurchase agreements at amortised cost 475 417 243 30,987 7 32,129 Financial liabilities at fair value through profit or loss 81 21 242 1,572 4,677 6,593 Debt securities in issue 4,367 5,307 8,603 27,715 4,708 50,700 Lease liabilities 2 61 158 578 832 1,631 Subordinated liabilities 30 39 370 5,418 5,679 11,536 Total non-derivative financial liabilities 445,960 7,521 13,264 72,736 16,688 556,169 Derivative financial liabilities: Gross settled derivatives – outflows 2,577 573 4,232 11,280 4,990 23,652 Gross settled derivatives – inflows (2,462) (425) (4,168) (10,945) (4,734) (22,734) Gross settled derivatives – net flows 115 148 64 335 256 918 Net settled derivative liabilities 2,654 (21) (6) 145 360 3,132 Total derivative financial liabilities 2,769 127 58 480 616 4,050 |
Schedule of Maturities of Liabilities | The following table sets out the amounts and residual maturities of the Group's off-balance sheet contingent liabilities, commitments and guarantees. Within 1 1–3 3–5 Over 5 Total At 31 December 2022 Acceptances and endorsements 58 – – – 58 Other contingent liabilities 1,667 548 181 446 2,842 Total contingent liabilities 1,725 548 181 446 2,900 Lending commitments and guarantees 91,310 8,256 10,780 16,984 127,330 Other commitments – – 10 29 39 Total commitments and guarantees 91,310 8,256 10,790 17,013 127,369 Total contingents, commitments and guarantees 93,035 8,804 10,971 17,459 130,269 At 31 December 2021 Acceptances and endorsements 21 – – – 21 Other contingent liabilities 1,362 242 258 457 2,319 Total contingent liabilities 1,383 242 258 457 2,340 Lending commitments and guarantees 97,587 15,506 9,853 4,678 127,624 Other commitments – 18 – 42 60 Total commitments and guarantees 97,587 15,524 9,853 4,720 127,684 Total contingents, commitments and guarantees 98,970 15,766 10,111 5,177 130,024 |
CASH FLOW STATEMENTS (Tables)
CASH FLOW STATEMENTS (Tables) | 12 Months Ended |
Dec. 31, 2022 | |
Disclosure of cash flow statement [Abstract] | |
Schedule of Change in Operating Assets | 2022 £m 2021 1 £m 2020 1 £m Change in amounts due from fellow Lloyds Banking Group undertakings (77) (1) 1,116 Change in other financial assets held at amortised cost (167) 3,406 (8,714) Change in financial assets at fair value through profit or loss 427 (124) 610 Change in derivative financial instruments (2,877) 1,548 479 Change in other operating assets (206) 345 627 Change in operating assets (2,900) 5,174 (5,882) 1 Restated, see page F- 14 |
Schedule of Change in Operating Liabilities | 2022 £m 2021 £m 2020 £m Change in deposits from banks and repurchase agreements 4,213 8,451 1,404 Change in customer deposits and repurchase agreements 12,365 14,825 37,728 Change in amounts due to fellow Lloyds Banking Group undertakings (603) (806) (1,316) Change in financial liabilities at fair value through profit or loss (859) (380) (946) Change in derivative financial instruments 1,248 (3,585) (1,603) Change in debt securities in issue 332 (10,569) (17,138) Change in other operating liabilities 1 198 174 (288) Change in operating liabilities 16,894 8,110 17,841 1 Includes a decrease of £150 million (2021: decrease of £182 million; 2020: decrease of £163 million) in respect of lease liabilities. |
Schedule of Non-Cash and Other Items | 2022 £m 2021 £m 2020 £m Depreciation and amortisation 2,348 2,777 2,670 Revaluation of investment properties – – 20 Allowance for loan losses 1,335 (1,085) 3,802 Write-off of allowance for loan losses, net of recoveries (759) (935) (1,279) Impairment charge (credit) relating to undrawn balances 111 (231) 253 Impairment of financial assets at fair value through other comprehensive income 6 (2) 5 Regulatory and legal provisions 225 1,177 414 Other provision movements (134) (82) 80 Net charge in respect of defined benefit schemes 125 236 247 Foreign exchange impact on balance sheet 1 30 159 823 Interest expense on subordinated liabilities 377 570 846 Other non-cash items (673) (1,173) (1,216) Total non-cash items 2,991 1,411 6,665 Contributions to defined benefit schemes (2,533) (1,347) (1,153) Payments in respect of regulatory and legal provisions (587) (680) (2,165) Other – (45) 137 Total other items (3,120) (2,072) (3,181) Non-cash and other items (129) (661) 3,484 1 When considering the movement on each line of the balance sheet, the impact of foreign exchange rate movements is removed in order to show the underlying cash impact. |
Schedule of Analysis of Cash and Cash Equivalents as Shown in the Balance Sheet | 2022 £m 2021 1 £m 2020 1 £m Cash and balances at central banks 72,005 54,279 49,888 Less mandatory reserve deposits 2 (1,935) (2,007) (1,736) 70,070 52,272 48,152 Loans and advances to banks and reverse repurchase agreements 11,913 7,474 5,950 Less amounts with a maturity of three months or more (6,782) (3,786) (2,480) 5,131 3,688 3,470 Total cash and cash equivalents 75,201 55,960 51,622 1 Restated, see page F- 14 2 Mandatory reserve deposits are held with local central banks in accordance with statutory requirements. Where these deposits are not held in demand accounts and are not available to finance the Group’s day-to-day operations they are excluded from cash and cash equivalents. |
BASIS OF PREPARATION (Details)
BASIS OF PREPARATION (Details) - GBP (£) £ in Millions | 12 Months Ended | |||||||
Dec. 31, 2022 | Dec. 31, 2021 | Dec. 31, 2020 | Jan. 01, 2020 | Dec. 31, 2019 | [1] | |||
Disclosure of initial application of standards or interpretations [line items] | ||||||||
Total cash and cash equivalents | £ 75,201 | £ 55,960 | [1] | £ 51,622 | [1] | £ 40,296 | £ 40,296 | |
Change in operating assets | £ (2,900) | 5,174 | [1] | (5,882) | [1] | |||
Increase (decrease) due to changes in accounting policy required by IFRSs [member] | ||||||||
Disclosure of initial application of standards or interpretations [line items] | ||||||||
Total cash and cash equivalents | 2,770 | 2,656 | £ 1,682 | |||||
Change in operating assets | £ (114) | £ (974) | ||||||
[1]Restated, see page F- 14 |
ACCOUNTING POLICIES (Details)
ACCOUNTING POLICIES (Details) | 12 Months Ended |
Dec. 31, 2022 | |
Bottom of range | Fixtures and furnishings | |
ACCOUNTING POLICIES (Details) [Line Items] | |
Useful life measured as period of time, property, plant and equipment | 10 years |
Bottom of range | Equipment and motor vehicles | |
ACCOUNTING POLICIES (Details) [Line Items] | |
Useful life measured as period of time, property, plant and equipment | 2 years |
Bottom of range | Brands £m | |
ACCOUNTING POLICIES (Details) [Line Items] | |
Useful life measured as period of time, property, plant and equipment | 10 years |
Top of range | Freehold long and short leasehold premises | |
ACCOUNTING POLICIES (Details) [Line Items] | |
Useful life measured as period of time, property, plant and equipment | 50 years |
Top of range | Leasehold improvements | |
ACCOUNTING POLICIES (Details) [Line Items] | |
Useful life measured as period of time, property, plant and equipment | 10 years |
Top of range | Fixtures and furnishings | |
ACCOUNTING POLICIES (Details) [Line Items] | |
Useful life measured as period of time, property, plant and equipment | 20 years |
Top of range | Equipment and motor vehicles | |
ACCOUNTING POLICIES (Details) [Line Items] | |
Useful life measured as period of time, property, plant and equipment | 8 years |
Top of range | Capitalised software enhancements £m | |
ACCOUNTING POLICIES (Details) [Line Items] | |
Useful life measured as period of time, property, plant and equipment | 7 years |
Top of range | Brands £m | |
ACCOUNTING POLICIES (Details) [Line Items] | |
Useful life measured as period of time, property, plant and equipment | 15 years |
CHANGES TO COMPARATIVE DATA - C
CHANGES TO COMPARATIVE DATA - Consolidated Cash Flow Statement (Details) - GBP (£) £ in Millions | 12 Months Ended | |||||
Dec. 31, 2022 | Dec. 31, 2021 | Dec. 31, 2020 | ||||
Cash flows from operating activities | ||||||
Profit before tax | £ 6,094 | £ 5,785 | [1] | £ 1,329 | [1] | |
Adjustments for: | ||||||
Change in operating assets | (2,900) | 5,174 | [1] | (5,882) | [1] | |
Change in operating liabilities | [1] | 17,841 | ||||
Non-cash and other items | (129) | (661) | [1] | 3,484 | [1] | |
Tax paid (net) | (649) | (715) | [1] | (616) | [1] | |
Net cash provided by operating activities | 19,310 | 17,693 | [1] | 16,156 | [1] | |
Cash flows from investing activities | ||||||
Purchase of financial assets | (7,953) | (8,885) | [1] | (8,539) | [1] | |
Proceeds from sale and maturity of financial assets | 11,041 | 8,134 | [1] | 6,225 | [1] | |
Purchase of fixed assets | (3,704) | (3,102) | [1] | (2,815) | [1] | |
Proceeds from sale of fixed assets | 871 | 1,028 | [1] | 1,063 | [1] | |
Acquisition of businesses, net of cash acquired | 0 | (3) | [1] | 0 | [1] | |
Disposal of businesses, net of cash disposed | [1] | 0 | ||||
Net cash provided by (used in) investing activities | 255 | (2,828) | [1] | (4,066) | [1] | |
Cash flows from financing activities | ||||||
Dividends paid to ordinary shareholders | 0 | (2,900) | [1] | 0 | [1] | |
Distributions on other equity instruments | (241) | (344) | [1] | (417) | [1] | |
Dividends paid to non-controlling interests | (37) | (14) | [1] | (7) | [1] | |
Return of capital contributions | (4) | (4) | [1] | (4) | [1] | |
Interest paid on subordinated liabilities | (397) | (525) | [1] | (852) | [1] | |
Proceeds from issue of subordinated liabilities | 837 | 3,262 | [1] | 303 | [1] | |
Proceeds from issue of other equity instruments | 0 | 1,549 | [1] | 1,070 | [1] | |
Repayment of subordinated liabilities | (2,216) | (3,745) | [1] | (4,156) | [1] | |
Repurchases and redemptions of other equity instruments | 0 | (3,226) | [1] | 0 | [1] | |
Borrowings from parent company | 1,852 | 543 | [1] | 4,799 | [1] | |
Repayments of borrowings to parent company | 0 | (4,896) | [1] | (1,403) | [1] | |
Interest paid on borrowings from parent company | (200) | (226) | [1] | (98) | [1] | |
Net cash used in financing activities | (406) | (10,526) | [1] | (765) | [1] | |
Effects of exchange rate changes on cash and cash equivalents | 82 | (1) | [1] | 1 | [1] | |
Change in cash and cash equivalents | 19,241 | 4,338 | [1] | 11,326 | [1] | |
Cash and cash equivalents at beginning of year | [1] | 55,960 | 51,622 | 40,296 | ||
Cash and cash equivalents at end of year | £ 75,201 | 55,960 | [1] | 51,622 | [1] | |
Previously Reported | ||||||
Cash flows from operating activities | ||||||
Profit before tax | 1,329 | |||||
Adjustments for: | ||||||
Change in operating assets | (6,856) | |||||
Change in operating liabilities | 17,841 | |||||
Non-cash and other items | 3,484 | |||||
Tax paid (net) | (616) | |||||
Net cash provided by operating activities | 15,182 | |||||
Cash flows from investing activities | ||||||
Purchase of financial assets | (8,539) | |||||
Proceeds from sale and maturity of financial assets | 6,225 | |||||
Purchase of fixed assets | (2,815) | |||||
Proceeds from sale of fixed assets | 1,063 | |||||
Acquisition of businesses, net of cash acquired | 0 | |||||
Disposal of businesses, net of cash disposed | 0 | |||||
Net cash provided by (used in) investing activities | (4,066) | |||||
Cash flows from financing activities | ||||||
Dividends paid to ordinary shareholders | 0 | |||||
Distributions on other equity instruments | (417) | |||||
Dividends paid to non-controlling interests | (7) | |||||
Return of capital contributions | (4) | |||||
Interest paid on subordinated liabilities | (852) | |||||
Proceeds from issue of subordinated liabilities | 303 | |||||
Proceeds from issue of other equity instruments | 1,070 | |||||
Repayment of subordinated liabilities | (4,156) | |||||
Repurchases and redemptions of other equity instruments | 0 | |||||
Borrowings from parent company | 4,799 | |||||
Repayments of borrowings to parent company | (1,403) | |||||
Interest paid on borrowings from parent company | (98) | |||||
Net cash used in financing activities | (765) | |||||
Effects of exchange rate changes on cash and cash equivalents | 1 | |||||
Change in cash and cash equivalents | 10,352 | |||||
Cash and cash equivalents at beginning of year | 48,966 | 38,614 | ||||
Cash and cash equivalents at end of year | 48,966 | |||||
Adjustments | ||||||
Cash flows from operating activities | ||||||
Profit before tax | 0 | |||||
Adjustments for: | ||||||
Change in operating assets | 974 | |||||
Change in operating liabilities | 0 | |||||
Non-cash and other items | 0 | |||||
Tax paid (net) | 0 | |||||
Net cash provided by operating activities | 974 | |||||
Cash flows from investing activities | ||||||
Purchase of financial assets | 0 | |||||
Proceeds from sale and maturity of financial assets | 0 | |||||
Purchase of fixed assets | 0 | |||||
Proceeds from sale of fixed assets | 0 | |||||
Acquisition of businesses, net of cash acquired | 0 | |||||
Disposal of businesses, net of cash disposed | 0 | |||||
Net cash provided by (used in) investing activities | 0 | |||||
Cash flows from financing activities | ||||||
Dividends paid to ordinary shareholders | 0 | |||||
Distributions on other equity instruments | 0 | |||||
Dividends paid to non-controlling interests | 0 | |||||
Return of capital contributions | 0 | |||||
Interest paid on subordinated liabilities | 0 | |||||
Proceeds from issue of subordinated liabilities | 0 | |||||
Proceeds from issue of other equity instruments | 0 | |||||
Repayment of subordinated liabilities | 0 | |||||
Repurchases and redemptions of other equity instruments | 0 | |||||
Borrowings from parent company | 0 | |||||
Repayments of borrowings to parent company | 0 | |||||
Interest paid on borrowings from parent company | 0 | |||||
Net cash used in financing activities | 0 | |||||
Effects of exchange rate changes on cash and cash equivalents | 0 | |||||
Change in cash and cash equivalents | 974 | |||||
Cash and cash equivalents at beginning of year | £ 2,656 | 1,682 | ||||
Cash and cash equivalents at end of year | £ 2,656 | |||||
[1]Restated, see page F- 14 |
CHANGES TO COMPARATIVE DATA -_2
CHANGES TO COMPARATIVE DATA - Changes in operating assets (Details) - GBP (£) £ in Millions | 12 Months Ended | ||
Dec. 31, 2022 | Dec. 31, 2021 | Dec. 31, 2020 | |
Disclosure of reclassifications or changes in presentation [line items] | |||
Change in amounts due from fellow Lloyds Banking Group undertakings | £ (77) | £ (1) | £ 1,116 |
Change in other financial assets held at amortised cost | (167) | 3,406 | (8,714) |
Change in financial assets at fair value through profit or loss | 427 | (124) | 610 |
Change in derivative financial instruments | (2,877) | 1,548 | 479 |
Change in other operating assets | (206) | 345 | 627 |
Change in operating assets | £ (2,900) | £ 5,174 | (5,882) |
Previously Reported | |||
Disclosure of reclassifications or changes in presentation [line items] | |||
Change in amounts due from fellow Lloyds Banking Group undertakings | 1,116 | ||
Change in other financial assets held at amortised cost | (9,688) | ||
Change in financial assets at fair value through profit or loss | 610 | ||
Change in derivative financial instruments | 479 | ||
Change in other operating assets | 627 | ||
Change in operating assets | (6,856) | ||
Adjustments | |||
Disclosure of reclassifications or changes in presentation [line items] | |||
Change in amounts due from fellow Lloyds Banking Group undertakings | 0 | ||
Change in other financial assets held at amortised cost | 974 | ||
Change in financial assets at fair value through profit or loss | 0 | ||
Change in derivative financial instruments | 0 | ||
Change in other operating assets | 0 | ||
Change in operating assets | £ 974 |
CHANGES TO COMPARATIVE DATA - A
CHANGES TO COMPARATIVE DATA - Analysis of cash and cash equivalents (Details) - GBP (£) £ in Millions | Dec. 31, 2022 | Dec. 31, 2021 | Dec. 31, 2020 | Jan. 01, 2020 | Dec. 31, 2019 | |||
Disclosure of reclassifications or changes in presentation [line items] | ||||||||
Cash and balances at central banks | £ 72,005 | £ 54,279 | £ 49,888 | |||||
Less: mandatory reserve deposits | (1,935) | (2,007) | (1,736) | |||||
Bank balances at central banks other than mandatory reserve deposits | 70,070 | 52,272 | 48,152 | |||||
Loans and advances to banks | 11,913 | 7,474 | 5,950 | |||||
Less amounts with a maturity of three months or more | (6,782) | (3,786) | (2,480) | |||||
Loans and advances to banks current | 5,131 | 3,688 | 3,470 | |||||
Total cash and cash equivalents | £ 75,201 | £ 55,960 | [1] | 51,622 | [1] | £ 40,296 | £ 40,296 | [1] |
Previously Reported | ||||||||
Disclosure of reclassifications or changes in presentation [line items] | ||||||||
Cash and balances at central banks | 49,888 | |||||||
Less: mandatory reserve deposits | (4,392) | |||||||
Bank balances at central banks other than mandatory reserve deposits | 45,496 | |||||||
Loans and advances to banks | 5,950 | |||||||
Less amounts with a maturity of three months or more | (2,480) | |||||||
Loans and advances to banks current | 3,470 | |||||||
Total cash and cash equivalents | 48,966 | 38,614 | ||||||
Adjustments | ||||||||
Disclosure of reclassifications or changes in presentation [line items] | ||||||||
Cash and balances at central banks | 0 | |||||||
Less: mandatory reserve deposits | 2,656 | |||||||
Bank balances at central banks other than mandatory reserve deposits | 2,656 | |||||||
Loans and advances to banks | 0 | |||||||
Less amounts with a maturity of three months or more | 0 | |||||||
Loans and advances to banks current | 0 | |||||||
Total cash and cash equivalents | £ 2,656 | £ 1,682 | ||||||
[1]Restated, see page F- 14 |
CHANGES TO COMPARATIVE DATA - S
CHANGES TO COMPARATIVE DATA - Segmental analysis (Details) - GBP (£) £ in Millions | 12 Months Ended | ||
Dec. 31, 2022 | Dec. 31, 2021 | Dec. 31, 2020 | |
Disclosure of reclassifications or changes in presentation [line items] | |||
Net interest income | £ 13,105 | £ 11,036 | £ 10,770 |
Other income | 3,640 | 3,637 | 3,815 |
Total income | 16,745 | 14,673 | 14,585 |
Operating expenses | (9,199) | (10,206) | (9,196) |
Impairment (charge) credit | (1,452) | 1,318 | (4,060) |
Profit before tax | 6,094 | 5,785 | 1,329 |
Segment external assets | 616,928 | 602,849 | |
Segment external liabilities | 577,869 | 562,077 | |
Analysis of segment other income: | |||
Fee and commission income | 2,352 | 2,195 | 1,924 |
Fee and commission expense | (1,101) | (942) | (909) |
Net fee and commission income | 1,251 | 1,253 | 1,015 |
Gains less losses on disposal of financial assets at fair value through other comprehensive income | (132) | 137 | 46 |
Depreciation and amortisation | 2,348 | 2,777 | 2,670 |
Underlying basis | |||
Disclosure of reclassifications or changes in presentation [line items] | |||
Net interest income | 13,105 | 11,036 | 10,770 |
Other income | 3,640 | 3,637 | 3,815 |
Total income | 16,745 | 14,673 | 14,585 |
Operating expenses | (9,199) | (10,206) | (9,196) |
Impairment (charge) credit | (4,060) | ||
Profit before tax | 1,329 | ||
External income | 16,745 | 14,673 | 14,585 |
Inter-segment (expense) income | 0 | 0 | 0 |
Segment income | 14,585 | ||
Segment external assets | 616,928 | 602,849 | 599,939 |
Segment external liabilities | 577,869 | 562,077 | 558,821 |
Analysis of segment other income: | |||
Fee and commission income | 2,352 | 2,195 | 1,924 |
Fee and commission expense | (1,101) | (942) | (909) |
Net fee and commission income | 1,251 | 1,253 | 1,015 |
Operating lease rental income | 1,077 | 1,059 | 1,120 |
Gains less losses on disposal of financial assets at fair value through other comprehensive income | 145 | ||
Other income | 1,388 | 1,441 | 1,535 |
Depreciation and amortisation | 2,348 | 2,777 | 2,670 |
Defined benefit scheme charges | 125 | 236 | 247 |
Additions to fixed assets | 3,704 | 3,102 | 2,815 |
Underlying basis | Retail | |||
Disclosure of reclassifications or changes in presentation [line items] | |||
Net interest income | 8,317 | ||
Other income | 1,608 | ||
Total income | 9,925 | ||
Operating expenses | (5,875) | ||
Impairment (charge) credit | (2,274) | ||
Profit before tax | 1,776 | ||
External income | 11,490 | ||
Inter-segment (expense) income | (1,565) | ||
Segment income | 9,925 | ||
Segment external assets | 351,184 | ||
Segment external liabilities | 284,622 | ||
Analysis of segment other income: | |||
Fee and commission income | 947 | ||
Fee and commission expense | (585) | ||
Net fee and commission income | 362 | ||
Operating lease rental income | 1,104 | ||
Gains less losses on disposal of financial assets at fair value through other comprehensive income | 0 | ||
Other income | 142 | ||
Depreciation and amortisation | 1,760 | ||
Defined benefit scheme charges | 100 | ||
Additions to fixed assets | 1,684 | ||
Underlying basis | Commercial banking | |||
Disclosure of reclassifications or changes in presentation [line items] | |||
Net interest income | 2,471 | ||
Other income | 809 | ||
Total income | 3,280 | ||
Operating expenses | (2,078) | ||
Impairment (charge) credit | (1,397) | ||
Profit before tax | (195) | ||
External income | 2,850 | ||
Inter-segment (expense) income | 430 | ||
Segment income | 3,280 | ||
Segment external assets | 92,206 | ||
Segment external liabilities | 150,728 | ||
Analysis of segment other income: | |||
Fee and commission income | 887 | ||
Fee and commission expense | (207) | ||
Net fee and commission income | 680 | ||
Operating lease rental income | 16 | ||
Gains less losses on disposal of financial assets at fair value through other comprehensive income | 0 | ||
Other income | 113 | ||
Depreciation and amortisation | 242 | ||
Defined benefit scheme charges | 30 | ||
Additions to fixed assets | 89 | ||
Underlying basis | Other | |||
Disclosure of reclassifications or changes in presentation [line items] | |||
Net interest income | 132 | 42 | (18) |
Other income | 1,009 | 1,123 | 1,398 |
Total income | 1,141 | 1,165 | 1,380 |
Operating expenses | (1,296) | (1,596) | (1,243) |
Impairment (charge) credit | (389) | ||
Profit before tax | (252) | ||
External income | 1,374 | 301 | 245 |
Inter-segment (expense) income | (233) | 864 | 1,135 |
Segment income | 1,380 | ||
Segment external assets | 154,807 | 152,668 | 156,549 |
Segment external liabilities | 122,895 | 104,226 | 123,471 |
Analysis of segment other income: | |||
Fee and commission income | 30 | 124 | 90 |
Fee and commission expense | (156) | (124) | (117) |
Net fee and commission income | (126) | 0 | (27) |
Operating lease rental income | 0 | 0 | 0 |
Gains less losses on disposal of financial assets at fair value through other comprehensive income | 145 | ||
Other income | 1,211 | 1,239 | 1,280 |
Depreciation and amortisation | 937 | 979 | 668 |
Defined benefit scheme charges | 25 | 118 | 117 |
Additions to fixed assets | 1,464 | 1,012 | 1,042 |
Underlying basis | Current accounts | |||
Analysis of segment other income: | |||
Fee and commission income | 642 | 634 | 610 |
Underlying basis | Current accounts | Retail | |||
Analysis of segment other income: | |||
Fee and commission income | 428 | ||
Underlying basis | Current accounts | Commercial banking | |||
Analysis of segment other income: | |||
Fee and commission income | 182 | ||
Underlying basis | Current accounts | Other | |||
Analysis of segment other income: | |||
Fee and commission income | 0 | 0 | 0 |
Underlying basis | Credit and debit card fees | |||
Analysis of segment other income: | |||
Fee and commission income | 1,190 | 878 | 748 |
Underlying basis | Credit and debit card fees | Retail | |||
Analysis of segment other income: | |||
Fee and commission income | 447 | ||
Underlying basis | Credit and debit card fees | Commercial banking | |||
Analysis of segment other income: | |||
Fee and commission income | 301 | ||
Underlying basis | Credit and debit card fees | Other | |||
Analysis of segment other income: | |||
Fee and commission income | 0 | 0 | 0 |
Underlying basis | Commercial banking fees | |||
Analysis of segment other income: | |||
Fee and commission income | 196 | 284 | 169 |
Underlying basis | Commercial banking fees | Retail | |||
Analysis of segment other income: | |||
Fee and commission income | 0 | ||
Underlying basis | Commercial banking fees | Commercial banking | |||
Analysis of segment other income: | |||
Fee and commission income | 169 | ||
Underlying basis | Commercial banking fees | Other | |||
Analysis of segment other income: | |||
Fee and commission income | 0 | 37 | 0 |
Underlying basis | Factoring | |||
Analysis of segment other income: | |||
Fee and commission income | 79 | 76 | 76 |
Underlying basis | Factoring | Retail | |||
Analysis of segment other income: | |||
Fee and commission income | 0 | ||
Underlying basis | Factoring | Commercial banking | |||
Analysis of segment other income: | |||
Fee and commission income | 76 | ||
Underlying basis | Factoring | Other | |||
Analysis of segment other income: | |||
Fee and commission income | 0 | 0 | 0 |
Underlying basis | Other fees and commissions | |||
Analysis of segment other income: | |||
Fee and commission income | 245 | 323 | 321 |
Underlying basis | Other fees and commissions | Retail | |||
Analysis of segment other income: | |||
Fee and commission income | 72 | ||
Underlying basis | Other fees and commissions | Commercial banking | |||
Analysis of segment other income: | |||
Fee and commission income | 159 | ||
Underlying basis | Other fees and commissions | Other | |||
Analysis of segment other income: | |||
Fee and commission income | £ 30 | £ 87 | 90 |
Previously Reported | Underlying basis | |||
Disclosure of reclassifications or changes in presentation [line items] | |||
Net interest income | 10,770 | ||
Other income | 3,815 | ||
Total income | 14,585 | ||
Operating expenses | (9,196) | ||
Impairment (charge) credit | (4,060) | ||
Profit before tax | 1,329 | ||
External income | 14,585 | ||
Inter-segment (expense) income | 0 | ||
Segment income | 14,585 | ||
Segment external assets | 599,939 | ||
Segment external liabilities | 558,821 | ||
Analysis of segment other income: | |||
Fee and commission income | 1,924 | ||
Fee and commission expense | (909) | ||
Net fee and commission income | 1,015 | ||
Operating lease rental income | 1,120 | ||
Gains less losses on disposal of financial assets at fair value through other comprehensive income | 145 | ||
Other income | 1,535 | ||
Depreciation and amortisation | 2,670 | ||
Defined benefit scheme charges | 247 | ||
Additions to fixed assets | 2,815 | ||
Previously Reported | Underlying basis | Retail | |||
Disclosure of reclassifications or changes in presentation [line items] | |||
Net interest income | 8,321 | ||
Other income | 1,735 | ||
Total income | 10,056 | ||
Operating expenses | (5,816) | ||
Impairment (charge) credit | (2,384) | ||
Profit before tax | 1,856 | ||
External income | 11,859 | ||
Inter-segment (expense) income | (1,803) | ||
Segment income | 10,056 | ||
Segment external assets | 359,171 | ||
Segment external liabilities | 295,216 | ||
Analysis of segment other income: | |||
Fee and commission income | 1,077 | ||
Fee and commission expense | (571) | ||
Net fee and commission income | 506 | ||
Operating lease rental income | 1,104 | ||
Gains less losses on disposal of financial assets at fair value through other comprehensive income | 0 | ||
Other income | 125 | ||
Depreciation and amortisation | 1,760 | ||
Defined benefit scheme charges | 97 | ||
Additions to fixed assets | 1,684 | ||
Previously Reported | Underlying basis | Commercial banking | |||
Disclosure of reclassifications or changes in presentation [line items] | |||
Net interest income | 2,300 | ||
Other income | 673 | ||
Total income | 2,973 | ||
Operating expenses | (1,673) | ||
Impairment (charge) credit | (1,280) | ||
Profit before tax | 20 | ||
External income | 2,496 | ||
Inter-segment (expense) income | 477 | ||
Segment income | 2,973 | ||
Segment external assets | 83,155 | ||
Segment external liabilities | 126,008 | ||
Analysis of segment other income: | |||
Fee and commission income | 742 | ||
Fee and commission expense | (195) | ||
Net fee and commission income | 547 | ||
Operating lease rental income | 16 | ||
Gains less losses on disposal of financial assets at fair value through other comprehensive income | 0 | ||
Other income | 110 | ||
Depreciation and amortisation | 242 | ||
Defined benefit scheme charges | 28 | ||
Additions to fixed assets | 89 | ||
Previously Reported | Underlying basis | Other | |||
Disclosure of reclassifications or changes in presentation [line items] | |||
Net interest income | 149 | ||
Other income | 1,407 | ||
Total income | 1,556 | ||
Operating expenses | (1,707) | ||
Impairment (charge) credit | (396) | ||
Profit before tax | (547) | ||
External income | 230 | ||
Inter-segment (expense) income | 1,326 | ||
Segment income | 1,556 | ||
Segment external assets | 157,613 | ||
Segment external liabilities | 137,597 | ||
Analysis of segment other income: | |||
Fee and commission income | 105 | ||
Fee and commission expense | (143) | ||
Net fee and commission income | (38) | ||
Operating lease rental income | 0 | ||
Gains less losses on disposal of financial assets at fair value through other comprehensive income | 145 | ||
Other income | 1,300 | ||
Depreciation and amortisation | 668 | ||
Defined benefit scheme charges | 122 | ||
Additions to fixed assets | 1,042 | ||
Previously Reported | Underlying basis | Current accounts | |||
Analysis of segment other income: | |||
Fee and commission income | 610 | ||
Previously Reported | Underlying basis | Current accounts | Retail | |||
Analysis of segment other income: | |||
Fee and commission income | 497 | ||
Previously Reported | Underlying basis | Current accounts | Commercial banking | |||
Analysis of segment other income: | |||
Fee and commission income | 109 | ||
Previously Reported | Underlying basis | Current accounts | Other | |||
Analysis of segment other income: | |||
Fee and commission income | 4 | ||
Previously Reported | Underlying basis | Credit and debit card fees | |||
Analysis of segment other income: | |||
Fee and commission income | 748 | ||
Previously Reported | Underlying basis | Credit and debit card fees | Retail | |||
Analysis of segment other income: | |||
Fee and commission income | 517 | ||
Previously Reported | Underlying basis | Credit and debit card fees | Commercial banking | |||
Analysis of segment other income: | |||
Fee and commission income | 231 | ||
Previously Reported | Underlying basis | Credit and debit card fees | Other | |||
Analysis of segment other income: | |||
Fee and commission income | 0 | ||
Previously Reported | Underlying basis | Commercial banking fees | |||
Analysis of segment other income: | |||
Fee and commission income | 169 | ||
Previously Reported | Underlying basis | Commercial banking fees | Retail | |||
Analysis of segment other income: | |||
Fee and commission income | 0 | ||
Previously Reported | Underlying basis | Commercial banking fees | Commercial banking | |||
Analysis of segment other income: | |||
Fee and commission income | 169 | ||
Previously Reported | Underlying basis | Commercial banking fees | Other | |||
Analysis of segment other income: | |||
Fee and commission income | 0 | ||
Previously Reported | Underlying basis | Factoring | |||
Analysis of segment other income: | |||
Fee and commission income | 76 | ||
Previously Reported | Underlying basis | Factoring | Retail | |||
Analysis of segment other income: | |||
Fee and commission income | 0 | ||
Previously Reported | Underlying basis | Factoring | Commercial banking | |||
Analysis of segment other income: | |||
Fee and commission income | 76 | ||
Previously Reported | Underlying basis | Factoring | Other | |||
Analysis of segment other income: | |||
Fee and commission income | 0 | ||
Previously Reported | Underlying basis | Other fees and commissions | |||
Analysis of segment other income: | |||
Fee and commission income | 321 | ||
Previously Reported | Underlying basis | Other fees and commissions | Retail | |||
Analysis of segment other income: | |||
Fee and commission income | 63 | ||
Previously Reported | Underlying basis | Other fees and commissions | Commercial banking | |||
Analysis of segment other income: | |||
Fee and commission income | 157 | ||
Previously Reported | Underlying basis | Other fees and commissions | Other | |||
Analysis of segment other income: | |||
Fee and commission income | 101 | ||
Adjustments | Underlying basis | |||
Disclosure of reclassifications or changes in presentation [line items] | |||
Net interest income | 0 | ||
Other income | 0 | ||
Total income | 0 | ||
Operating expenses | 0 | ||
Impairment (charge) credit | 0 | ||
Profit before tax | 0 | ||
External income | 0 | ||
Inter-segment (expense) income | 0 | ||
Segment income | 0 | ||
Segment external assets | 0 | ||
Segment external liabilities | 0 | ||
Analysis of segment other income: | |||
Fee and commission income | 0 | ||
Fee and commission expense | 0 | ||
Net fee and commission income | 0 | ||
Operating lease rental income | 0 | ||
Gains less losses on disposal of financial assets at fair value through other comprehensive income | 0 | ||
Other income | 0 | ||
Depreciation and amortisation | 0 | ||
Defined benefit scheme charges | 0 | ||
Additions to fixed assets | 0 | ||
Adjustments | Underlying basis | Retail | |||
Disclosure of reclassifications or changes in presentation [line items] | |||
Net interest income | (4) | ||
Other income | (127) | ||
Total income | (131) | ||
Operating expenses | (59) | ||
Impairment (charge) credit | 110 | ||
Profit before tax | (80) | ||
External income | (369) | ||
Inter-segment (expense) income | 238 | ||
Segment income | (131) | ||
Segment external assets | (7,987) | ||
Segment external liabilities | (10,594) | ||
Analysis of segment other income: | |||
Fee and commission income | (130) | ||
Fee and commission expense | (14) | ||
Net fee and commission income | (144) | ||
Operating lease rental income | 0 | ||
Gains less losses on disposal of financial assets at fair value through other comprehensive income | 0 | ||
Other income | 17 | ||
Depreciation and amortisation | 0 | ||
Defined benefit scheme charges | 3 | ||
Additions to fixed assets | 0 | ||
Adjustments | Underlying basis | Commercial banking | |||
Disclosure of reclassifications or changes in presentation [line items] | |||
Net interest income | 171 | ||
Other income | 136 | ||
Total income | 307 | ||
Operating expenses | (405) | ||
Impairment (charge) credit | (117) | ||
Profit before tax | (215) | ||
External income | 354 | ||
Inter-segment (expense) income | (47) | ||
Segment income | 307 | ||
Segment external assets | 9,051 | ||
Segment external liabilities | 24,720 | ||
Analysis of segment other income: | |||
Fee and commission income | 145 | ||
Fee and commission expense | (12) | ||
Net fee and commission income | 133 | ||
Operating lease rental income | 0 | ||
Gains less losses on disposal of financial assets at fair value through other comprehensive income | 0 | ||
Other income | 3 | ||
Depreciation and amortisation | 0 | ||
Defined benefit scheme charges | 2 | ||
Additions to fixed assets | 0 | ||
Adjustments | Underlying basis | Other | |||
Disclosure of reclassifications or changes in presentation [line items] | |||
Net interest income | (167) | ||
Other income | (9) | ||
Total income | (176) | ||
Operating expenses | 464 | ||
Impairment (charge) credit | 7 | ||
Profit before tax | 295 | ||
External income | 15 | ||
Inter-segment (expense) income | (191) | ||
Segment income | (176) | ||
Segment external assets | (1,064) | ||
Segment external liabilities | (14,126) | ||
Analysis of segment other income: | |||
Fee and commission income | (15) | ||
Fee and commission expense | 26 | ||
Net fee and commission income | 11 | ||
Operating lease rental income | 0 | ||
Gains less losses on disposal of financial assets at fair value through other comprehensive income | 0 | ||
Other income | (20) | ||
Depreciation and amortisation | 0 | ||
Defined benefit scheme charges | (5) | ||
Additions to fixed assets | 0 | ||
Adjustments | Underlying basis | Current accounts | |||
Analysis of segment other income: | |||
Fee and commission income | 0 | ||
Adjustments | Underlying basis | Current accounts | Retail | |||
Analysis of segment other income: | |||
Fee and commission income | (69) | ||
Adjustments | Underlying basis | Current accounts | Commercial banking | |||
Analysis of segment other income: | |||
Fee and commission income | 73 | ||
Adjustments | Underlying basis | Current accounts | Other | |||
Analysis of segment other income: | |||
Fee and commission income | (4) | ||
Adjustments | Underlying basis | Credit and debit card fees | |||
Analysis of segment other income: | |||
Fee and commission income | 0 | ||
Adjustments | Underlying basis | Credit and debit card fees | Retail | |||
Analysis of segment other income: | |||
Fee and commission income | (70) | ||
Adjustments | Underlying basis | Credit and debit card fees | Commercial banking | |||
Analysis of segment other income: | |||
Fee and commission income | 70 | ||
Adjustments | Underlying basis | Credit and debit card fees | Other | |||
Analysis of segment other income: | |||
Fee and commission income | 0 | ||
Adjustments | Underlying basis | Commercial banking fees | |||
Analysis of segment other income: | |||
Fee and commission income | 0 | ||
Adjustments | Underlying basis | Commercial banking fees | Retail | |||
Analysis of segment other income: | |||
Fee and commission income | 0 | ||
Adjustments | Underlying basis | Commercial banking fees | Commercial banking | |||
Analysis of segment other income: | |||
Fee and commission income | 0 | ||
Adjustments | Underlying basis | Commercial banking fees | Other | |||
Analysis of segment other income: | |||
Fee and commission income | 0 | ||
Adjustments | Underlying basis | Factoring | |||
Analysis of segment other income: | |||
Fee and commission income | 0 | ||
Adjustments | Underlying basis | Factoring | Retail | |||
Analysis of segment other income: | |||
Fee and commission income | 0 | ||
Adjustments | Underlying basis | Factoring | Commercial banking | |||
Analysis of segment other income: | |||
Fee and commission income | 0 | ||
Adjustments | Underlying basis | Factoring | Other | |||
Analysis of segment other income: | |||
Fee and commission income | 0 | ||
Adjustments | Underlying basis | Other fees and commissions | |||
Analysis of segment other income: | |||
Fee and commission income | 0 | ||
Adjustments | Underlying basis | Other fees and commissions | Retail | |||
Analysis of segment other income: | |||
Fee and commission income | 9 | ||
Adjustments | Underlying basis | Other fees and commissions | Commercial banking | |||
Analysis of segment other income: | |||
Fee and commission income | 2 | ||
Adjustments | Underlying basis | Other fees and commissions | Other | |||
Analysis of segment other income: | |||
Fee and commission income | £ (11) |
CRITICAL ACCOUNTING JUDGEMENT_3
CRITICAL ACCOUNTING JUDGEMENTS AND KEY SOURCES OF ESTIMATION UNCERTAINTY - Disclosure of Allowance for Expected Credit Losses (Details) - GBP (£) £ in Millions | 12 Months Ended | |
Dec. 31, 2022 | Dec. 31, 2021 | |
CRITICAL ACCOUNTING JUDGEMENTS AND ESTIMATES (Details) - Narrative [Line Items] | ||
Total allowance for impairment loss | £ 4,796 | £ 4,000 |
Allowance account for credit losses of financial assets | 4,796 | 4,000 |
Drawn balance | ||
CRITICAL ACCOUNTING JUDGEMENTS AND ESTIMATES (Details) - Narrative [Line Items] | ||
Allowance account for credit losses of financial assets | £ 4,492 | £ 3,806 |
CRITICAL ACCOUNTING JUDGEMENT_4
CRITICAL ACCOUNTING JUDGEMENTS AND KEY SOURCES OF ESTIMATION UNCERTAINTY - Narrative (Details) - GBP (£) £ in Millions | 12 Months Ended | |||
Dec. 31, 2023 | Dec. 31, 2022 | Dec. 31, 2021 | Dec. 31, 2020 | |
CRITICAL ACCOUNTING JUDGEMENTS AND ESTIMATES (Details) - Narrative [Line Items] | ||||
Retirement benefit assets | £ 3,823 | £ 4,531 | ||
Net defined benefit liability | 126 | 230 | ||
Other provisions | 1,591 | 1,933 | ||
Financial assets, at fair value | 28,074 | 35,095 | ||
Financial liabilities, at fair value | 11,050 | 11,180 | ||
Intangible assets other than goodwill | 4,654 | 4,144 | ||
Legal proceedings contingent liability | ||||
CRITICAL ACCOUNTING JUDGEMENTS AND ESTIMATES (Details) - Narrative [Line Items] | ||||
Increase in current tax liability | 760 | |||
Decrease in deferred tax asset | 295 | |||
Accumulated amortisation | ||||
CRITICAL ACCOUNTING JUDGEMENTS AND ESTIMATES (Details) - Narrative [Line Items] | ||||
Intangible assets other than goodwill | 7,343 | 6,643 | £ 6,149 | |
Charge for the year | £ 895 | £ 954 | ||
Capitalised software enhancements £m | ||||
CRITICAL ACCOUNTING JUDGEMENTS AND ESTIMATES (Details) - Narrative [Line Items] | ||||
Remaining amortisation period of intangible assets material to entity | 4 years 6 months | 4 years 8 months 12 days | ||
Capitalised software enhancements £m | ||||
CRITICAL ACCOUNTING JUDGEMENTS AND ESTIMATES (Details) - Narrative [Line Items] | ||||
Intangible assets other than goodwill | £ 3,964 | £ 3,383 | ||
Capitalised software enhancements £m | Accumulated amortisation | ||||
CRITICAL ACCOUNTING JUDGEMENTS AND ESTIMATES (Details) - Narrative [Line Items] | ||||
Intangible assets other than goodwill | 3,627 | 2,998 | £ 2,574 | |
Charge for the year | 825 | 884 | ||
Regulatory and legal provisions £m | ||||
CRITICAL ACCOUNTING JUDGEMENTS AND ESTIMATES (Details) - Narrative [Line Items] | ||||
Other provisions | 708 | 1,054 | ||
1 Year decrease in estimated useful life | Capitalised software enhancements £m | ||||
CRITICAL ACCOUNTING JUDGEMENTS AND ESTIMATES (Details) - Narrative [Line Items] | ||||
Charge for the year | £ 200 | |||
Defined benefit pension schemes | ||||
CRITICAL ACCOUNTING JUDGEMENTS AND ESTIMATES (Details) - Narrative [Line Items] | ||||
Net defined benefit liability (asset) | 3,732 | 4,404 | ||
Retirement benefit assets | 3,823 | 4,531 | ||
Net defined benefit liability | £ 91 | £ 127 |
SEGMENTAL ANALYSIS - Schedule o
SEGMENTAL ANALYSIS - Schedule of Operating Segments (Details) £ in Millions | 12 Months Ended | ||||
Dec. 31, 2022 GBP (£) Segment | Dec. 31, 2021 GBP (£) | Dec. 31, 2020 GBP (£) | |||
SEGMENTAL ANALYSIS (Details) - Schedule of Operating Segments [Line Items] | |||||
Number of reporting segments | Segment | 2 | ||||
Net interest income | £ 13,105 | £ 11,036 | £ 10,770 | ||
Other income | 3,640 | 3,637 | 3,815 | ||
Total income | 16,745 | 14,673 | 14,585 | ||
Operating expenses | (9,199) | (10,206) | (9,196) | ||
Profit before tax | 6,094 | 5,785 | [1] | 1,329 | [1] |
Segment external assets | 616,928 | 602,849 | |||
Segment external liabilities | 577,869 | 562,077 | |||
Analysis of segment other income: | |||||
Fee and commission income | 2,352 | 2,195 | 1,924 | ||
Fee and commission expense | (1,101) | (942) | (909) | ||
Net fee and commission income | 1,251 | 1,253 | 1,015 | ||
Other income | 3,640 | 3,637 | 3,815 | ||
Other segment items reflected in income statement above: | |||||
Depreciation and amortisation | 2,348 | 2,777 | 2,670 | ||
Underlying basis | |||||
SEGMENTAL ANALYSIS (Details) - Schedule of Operating Segments [Line Items] | |||||
Net interest income | 13,105 | 11,036 | 10,770 | ||
Other income | 3,640 | 3,637 | 3,815 | ||
Total income | 16,745 | 14,673 | 14,585 | ||
Operating expenses | (9,199) | (10,206) | (9,196) | ||
Impairment (charge) credit | (1,452) | 1,318 | |||
Profit before tax | 6,094 | 5,785 | |||
External income | 16,745 | 14,673 | 14,585 | ||
Inter-segment (expense) income | 0 | 0 | 0 | ||
Segment income | 16,745 | 14,673 | |||
Segment external assets | 616,928 | 602,849 | 599,939 | ||
Segment external liabilities | 577,869 | 562,077 | 558,821 | ||
Analysis of segment other income: | |||||
Fee and commission income | 2,352 | 2,195 | 1,924 | ||
Fee and commission expense | (1,101) | (942) | (909) | ||
Net fee and commission income | 1,251 | 1,253 | 1,015 | ||
Operating lease rental income | 1,077 | 1,059 | 1,120 | ||
Gains less losses on disposal of financial assets at fair value through other comprehensive income | (76) | (116) | |||
Other income | 1,388 | 1,441 | 1,535 | ||
Other income | 3,640 | 3,637 | 3,815 | ||
Other segment items reflected in income statement above: | |||||
Depreciation and amortisation | 2,348 | 2,777 | 2,670 | ||
Defined benefit scheme charges | 125 | 236 | 247 | ||
Non-income statement segment items: | |||||
Additions to fixed assets | 3,704 | 3,102 | 2,815 | ||
Underlying basis | Current accounts | |||||
Analysis of segment other income: | |||||
Fee and commission income | 642 | 634 | 610 | ||
Underlying basis | Credit and debit card fees | |||||
Analysis of segment other income: | |||||
Fee and commission income | 1,190 | 878 | 748 | ||
Underlying basis | Commercial banking fees | |||||
Analysis of segment other income: | |||||
Fee and commission income | 196 | 284 | 169 | ||
Underlying basis | Factoring | |||||
Analysis of segment other income: | |||||
Fee and commission income | 79 | 76 | 76 | ||
Underlying basis | Other fees and commissions | |||||
Analysis of segment other income: | |||||
Fee and commission income | 245 | 323 | 321 | ||
Retail £m | Underlying basis | |||||
SEGMENTAL ANALYSIS (Details) - Schedule of Operating Segments [Line Items] | |||||
Net interest income | 9,746 | 8,515 | |||
Other income | 1,684 | 1,596 | |||
Total income | 11,430 | 10,111 | |||
Operating expenses | (5,696) | (5,878) | |||
Impairment (charge) credit | (1,373) | 447 | |||
Profit before tax | 4,361 | 4,680 | |||
External income | 11,996 | 11,200 | |||
Inter-segment (expense) income | (566) | (1,089) | |||
Segment income | 11,430 | 10,111 | |||
Segment external assets | 372,585 | 364,375 | |||
Segment external liabilities | 314,051 | 312,578 | |||
Analysis of segment other income: | |||||
Fee and commission income | 1,220 | 1,023 | |||
Fee and commission expense | (665) | (571) | |||
Net fee and commission income | 555 | 452 | |||
Operating lease rental income | 1,065 | 1,046 | |||
Gains less losses on disposal of financial assets at fair value through other comprehensive income | 0 | 0 | |||
Other income | 64 | 98 | |||
Other income | 1,684 | 1,596 | |||
Other segment items reflected in income statement above: | |||||
Depreciation and amortisation | 1,216 | 1,525 | |||
Defined benefit scheme charges | 72 | 89 | |||
Non-income statement segment items: | |||||
Additions to fixed assets | 2,146 | 1,922 | |||
Retail £m | Underlying basis | Current accounts | |||||
Analysis of segment other income: | |||||
Fee and commission income | 420 | 425 | |||
Retail £m | Underlying basis | Credit and debit card fees | |||||
Analysis of segment other income: | |||||
Fee and commission income | 734 | 533 | |||
Retail £m | Underlying basis | Commercial banking fees | |||||
Analysis of segment other income: | |||||
Fee and commission income | 0 | 0 | |||
Retail £m | Underlying basis | Factoring | |||||
Analysis of segment other income: | |||||
Fee and commission income | 0 | 0 | |||
Retail £m | Underlying basis | Other fees and commissions | |||||
Analysis of segment other income: | |||||
Fee and commission income | 66 | 65 | |||
Commercial Banking | Underlying basis | |||||
SEGMENTAL ANALYSIS (Details) - Schedule of Operating Segments [Line Items] | |||||
Net interest income | 3,227 | 2,479 | |||
Other income | 947 | 918 | |||
Total income | 4,174 | 3,397 | |||
Operating expenses | (2,207) | (2,732) | |||
Impairment (charge) credit | (471) | 869 | |||
Profit before tax | 1,496 | 1,534 | |||
External income | 3,375 | 3,172 | |||
Inter-segment (expense) income | 799 | 225 | |||
Segment income | 4,174 | 3,397 | |||
Segment external assets | 89,536 | 85,806 | |||
Segment external liabilities | 140,923 | 145,273 | |||
Analysis of segment other income: | |||||
Fee and commission income | 1,102 | 1,048 | |||
Fee and commission expense | (280) | (247) | |||
Net fee and commission income | 822 | 801 | |||
Operating lease rental income | 12 | 13 | |||
Gains less losses on disposal of financial assets at fair value through other comprehensive income | 0 | 0 | |||
Other income | 113 | 104 | |||
Other income | 947 | 918 | |||
Other segment items reflected in income statement above: | |||||
Depreciation and amortisation | 195 | 273 | |||
Defined benefit scheme charges | 28 | 29 | |||
Non-income statement segment items: | |||||
Additions to fixed assets | 94 | 168 | |||
Commercial Banking | Underlying basis | Current accounts | |||||
Analysis of segment other income: | |||||
Fee and commission income | 222 | 209 | |||
Commercial Banking | Underlying basis | Credit and debit card fees | |||||
Analysis of segment other income: | |||||
Fee and commission income | 456 | 345 | |||
Commercial Banking | Underlying basis | Commercial banking fees | |||||
Analysis of segment other income: | |||||
Fee and commission income | 196 | 247 | |||
Commercial Banking | Underlying basis | Factoring | |||||
Analysis of segment other income: | |||||
Fee and commission income | 79 | 76 | |||
Commercial Banking | Underlying basis | Other fees and commissions | |||||
Analysis of segment other income: | |||||
Fee and commission income | 149 | 171 | |||
Other | Underlying basis | |||||
SEGMENTAL ANALYSIS (Details) - Schedule of Operating Segments [Line Items] | |||||
Net interest income | 132 | 42 | (18) | ||
Other income | 1,009 | 1,123 | 1,398 | ||
Total income | 1,141 | 1,165 | 1,380 | ||
Operating expenses | (1,296) | (1,596) | (1,243) | ||
Impairment (charge) credit | 392 | 2 | |||
Profit before tax | 237 | (429) | |||
External income | 1,374 | 301 | 245 | ||
Inter-segment (expense) income | (233) | 864 | 1,135 | ||
Segment income | 1,141 | 1,165 | |||
Segment external assets | 154,807 | 152,668 | 156,549 | ||
Segment external liabilities | 122,895 | 104,226 | 123,471 | ||
Analysis of segment other income: | |||||
Fee and commission income | 30 | 124 | 90 | ||
Fee and commission expense | (156) | (124) | (117) | ||
Net fee and commission income | (126) | 0 | (27) | ||
Operating lease rental income | 0 | 0 | 0 | ||
Gains less losses on disposal of financial assets at fair value through other comprehensive income | (76) | (116) | |||
Other income | 1,211 | 1,239 | 1,280 | ||
Other income | 1,009 | 1,123 | 1,398 | ||
Other segment items reflected in income statement above: | |||||
Depreciation and amortisation | 937 | 979 | 668 | ||
Defined benefit scheme charges | 25 | 118 | 117 | ||
Non-income statement segment items: | |||||
Additions to fixed assets | 1,464 | 1,012 | 1,042 | ||
Other | Underlying basis | Current accounts | |||||
Analysis of segment other income: | |||||
Fee and commission income | 0 | 0 | 0 | ||
Other | Underlying basis | Credit and debit card fees | |||||
Analysis of segment other income: | |||||
Fee and commission income | 0 | 0 | 0 | ||
Other | Underlying basis | Commercial banking fees | |||||
Analysis of segment other income: | |||||
Fee and commission income | 0 | 37 | 0 | ||
Other | Underlying basis | Factoring | |||||
Analysis of segment other income: | |||||
Fee and commission income | 0 | 0 | 0 | ||
Other | Underlying basis | Other fees and commissions | |||||
Analysis of segment other income: | |||||
Fee and commission income | £ 30 | £ 87 | £ 90 | ||
[1]Restated, see page F- 14 |
NET INTEREST INCOME - Schedule
NET INTEREST INCOME - Schedule of Net Interest Income (Details) - GBP (£) £ in Millions | 12 Months Ended | ||
Dec. 31, 2022 | Dec. 31, 2021 | Dec. 31, 2020 | |
Interest income: | |||
Total interest income | £ 16,562 | £ 12,920 | £ 13,866 |
Interest expense: | |||
Deposits from banks, excluding liabilities under sale and repurchase agreements (in percent) | 1.90% | 1.34% | 1.19% |
Deposits from banks | £ (78) | £ (66) | £ (82) |
Customer deposits, excluding liabilities under sale and repurchase agreements (in percent) | 0.34% | 0.12% | 0.40% |
Customer deposits | £ (1,083) | £ (386) | £ (1,270) |
Repurchase agreements (in percent) | 1.79% | 0.10% | 0.36% |
Repurchase agreements at amortised cost | £ (827) | £ (22) | £ (117) |
Debt securities in issue (in percent) | 2.08% | 1.37% | 1.13% |
Debt securities in issue | £ (1,075) | £ (746) | £ (761) |
Lease liabilities (in percent) | 2.07% | 2.01% | 2.36% |
Lease liabilities | £ (27) | £ (30) | £ (39) |
Subordinated liabilities (in percent) | 5.55% | 7.01% | 7.19% |
Subordinated liabilities | £ (367) | £ (634) | £ (827) |
Total interest expense (in percent) | 0.81% | 0.45% | 0.71% |
Total interest expense | £ (3,457) | £ (1,884) | £ (3,096) |
Net interest income | £ 13,105 | £ 11,036 | £ 10,770 |
Borrowings, interest rate (in percent) | 4.17% | 2.30% | 2.42% |
Negative interest rates | |||
Interest income: | |||
Total interest income | £ 21 | £ 10 | £ 10 |
Finance leases | |||
Interest income: | |||
Total interest income | 29 | 38 | 42 |
Hire purchase receivables | |||
Interest income: | |||
Total interest income | 682 | 695 | |
Interest expense: | |||
Total interest expense | £ (5) | £ (2) | £ (23) |
Interest and similar income | |||
Interest income: | |||
Loans and advances to banks (in percent) | 1.16% | 0.11% | 0.20% |
Loans and advances to banks and reverse repurchase agreements | £ 947 | £ 70 | £ 114 |
Loans and advances to customers (in percent) | 3.01% | 2.55% | 2.76% |
Loans and advances to customers and reverse repurchase agreements | £ 14,523 | £ 12,334 | £ 13,358 |
Debt securities held at amortised cost (in percent) | 2.22% | 1.57% | 1.82% |
Debt securities | £ 145 | £ 74 | £ 92 |
Financial assets held at amortised cost (in percent) | 2.73% | 2.27% | 2.48% |
Financial assets held at amortised cost | £ 15,615 | £ 12,478 | £ 13,564 |
Financial assets at fair value through other comprehensive income (in percent) | 4.02% | 1.69% | 1.12% |
Financial assets at fair value through other comprehensive income | £ 947 | £ 442 | £ 302 |
Total interest income (in percent) | 2.79% | 2.24% | 2.42% |
Total interest income | £ 16,562 | £ 12,920 | £ 13,866 |
NET INTEREST INCOME - Narrative
NET INTEREST INCOME - Narrative (Details) - GBP (£) £ in Millions | 12 Months Ended | ||
Dec. 31, 2022 | Dec. 31, 2021 | Dec. 31, 2020 | |
NET INTEREST INCOME (Details) - Narrative [Line Items] | |||
Interest income on impaired financial assets accrued | £ 271 | £ 173 | £ 170 |
Reclassification adjustments on cash flow hedges, before tax | £ 1 | £ 584 | £ 727 |
NET FEE AND COMMISSION INCOME -
NET FEE AND COMMISSION INCOME - Schedule of Fee and Commission Income (Details) - GBP (£) £ in Millions | 12 Months Ended | ||
Dec. 31, 2022 | Dec. 31, 2021 | Dec. 31, 2020 | |
NET FEE AND COMMISSION INCOME (Details) - Schedule of Fee and Commission Income [Line Items] | |||
Fee and commission income | £ 2,352 | £ 2,195 | £ 1,924 |
Fee and commission expense | (1,101) | (942) | (909) |
Net fee and commission income | 1,251 | 1,253 | 1,015 |
Current accounts | |||
NET FEE AND COMMISSION INCOME (Details) - Schedule of Fee and Commission Income [Line Items] | |||
Fee and commission income | 642 | 634 | 610 |
Credit and debit card fees | |||
NET FEE AND COMMISSION INCOME (Details) - Schedule of Fee and Commission Income [Line Items] | |||
Fee and commission income | 1,190 | 878 | 748 |
Commercial banking fees | |||
NET FEE AND COMMISSION INCOME (Details) - Schedule of Fee and Commission Income [Line Items] | |||
Fee and commission income | 196 | 284 | 169 |
Factoring | |||
NET FEE AND COMMISSION INCOME (Details) - Schedule of Fee and Commission Income [Line Items] | |||
Fee and commission income | 79 | 76 | 76 |
Other fees and commissions | |||
NET FEE AND COMMISSION INCOME (Details) - Schedule of Fee and Commission Income [Line Items] | |||
Fee and commission income | £ 245 | £ 323 | £ 321 |
NET FEE AND COMMISSION INCOME_2
NET FEE AND COMMISSION INCOME - Narrative (Details) - GBP (£) £ in Millions | 12 Months Ended | |
Dec. 31, 2022 | Dec. 31, 2021 | |
NET FEE AND COMMISSION INCOME (Details) - Narrative [Line Items] | ||
Receivables from contracts with customers | £ 99 | £ 76 |
Transaction price allocated to remaining performance obligations | 138 | 143 |
Current contract liabilities | 5 | 13 |
Revenue from performance obligations satisfied or partially satisfied in previous periods | 0 | 0 |
Services provided after balance sheet date | ||
NET FEE AND COMMISSION INCOME (Details) - Narrative [Line Items] | ||
Receivables from contracts with customers | £ 63 | £ 70 |
NET TRADING INCOME - Schedule o
NET TRADING INCOME - Schedule of Net Trading Income (Details) - GBP (£) £ in Millions | 12 Months Ended | ||
Dec. 31, 2022 | Dec. 31, 2021 | Dec. 31, 2020 | |
Disclosure of trading income (expense) [Abstract] | |||
Foreign exchange translation gains | £ 6 | £ 10 | £ 74 |
Gains on foreign exchange trading transactions | 341 | 329 | 326 |
Total foreign exchange | 347 | 339 | 400 |
Investment property losses | 0 | 0 | (20) |
Securities and other (losses) gains (see below) | (167) | 46 | 370 |
Net trading income | £ 180 | £ 385 | £ 750 |
NET TRADING INCOME - Schedule_2
NET TRADING INCOME - Schedule of Net Gains (Losses) Held For Trading (Details) - GBP (£) £ in Millions | 12 Months Ended | ||
Dec. 31, 2022 | Dec. 31, 2021 | Dec. 31, 2020 | |
Net income arising on assets and liabilities mandatorily held at fair value through profit or loss: | |||
Financial instruments held for trading | £ (24) | £ 94 | £ 440 |
Other financial instruments mandatorily held at fair value through profit or loss: | |||
Debt securities, loans and advances | 7 | 6 | 37 |
Equity shares | 3 | 11 | 9 |
Total net gains arising on assets designated at fair value through profit or loss | (14) | 111 | 486 |
Net expense arising on assets and liabilities designated at fair value through profit or loss | (153) | (65) | (116) |
Securities and other (losses) gains | (167) | 46 | 370 |
Fair value hedges | |||
Other financial instruments mandatorily held at fair value through profit or loss: | |||
Gain (loss) on hedge ineffectiveness recognised in profit or loss | (21) | 195 | 546 |
Cash flow hedges | |||
Other financial instruments mandatorily held at fair value through profit or loss: | |||
Gain (loss) on hedge ineffectiveness recognised in profit or loss | £ (6) | £ (58) | £ 259 |
OTHER OPERATING INCOME - Schedu
OTHER OPERATING INCOME - Schedule of Other Operating Income (Details) - GBP (£) £ in Millions | 12 Months Ended | ||
Dec. 31, 2022 | Dec. 31, 2021 | Dec. 31, 2020 | |
OTHER OPERATING INCOME (Details) - Schedule of Other Operating Income [Line Items] | |||
Gains less losses on disposal of financial assets at fair value through other comprehensive income | £ (132) | £ 137 | £ 46 |
Operating income (loss) | |||
OTHER OPERATING INCOME (Details) - Schedule of Other Operating Income [Line Items] | |||
Operating lease rental income | 1,077 | 1,059 | 1,120 |
Gains less losses on disposal of financial assets at fair value through other comprehensive income | (76) | (116) | 145 |
Liability management | (21) | (39) | (216) |
Intercompany recharges and other | 1,229 | 1,095 | 1,001 |
Total other operating income | £ 2,209 | £ 1,999 | £ 2,050 |
OPERATING EXPENSES - Schedule o
OPERATING EXPENSES - Schedule of Operating Expenses (Details) - GBP (£) £ in Millions | 12 Months Ended | ||
Dec. 31, 2022 | Dec. 31, 2021 | Dec. 31, 2020 | |
Depreciation and amortisation: | |||
Depreciation and amortisation expense | £ 2,348 | £ 2,777 | £ 2,670 |
Total operating expenses | 9,199 | 10,206 | 9,196 |
Gain on disposal of leased assets | 197 | 249 | 127 |
Accumulated depreciation and impairment | Premises | |||
Depreciation and amortisation: | |||
Depreciation of property, plant and equipment | 112 | 121 | 124 |
Accumulated depreciation and impairment | Equipment | |||
Depreciation and amortisation: | |||
Depreciation of property, plant and equipment | 558 | 777 | 676 |
Accumulated depreciation and impairment | Operating lease assets (see below) | |||
Depreciation and amortisation: | |||
Depreciation of property, plant and equipment | 570 | 709 | 1,002 |
Accumulated depreciation and impairment | Right-of-use assets (note 22) | |||
Depreciation and amortisation: | |||
Depreciation of property, plant and equipment | 213 | 216 | 215 |
Operating expense | |||
Staff costs: | |||
Salaries | 2,350 | 2,260 | 2,382 |
Performance-based compensation | 409 | 282 | 106 |
Social security costs | 322 | 290 | 271 |
Pensions and other post-retirement benefit schemes (note 27) | 439 | 523 | 552 |
Restructuring costs | 36 | 88 | 161 |
Other staff costs | 297 | 249 | 143 |
Employee benefits expense | 3,853 | 3,692 | 3,615 |
Premises and equipment costs: | |||
Rent and rates | 102 | 116 | 115 |
Repairs and maintenance | 136 | 161 | 172 |
Other | 54 | (62) | 138 |
Premises and equipment cost | 292 | 215 | 425 |
Other expenses: | |||
Communications and data processing | 1,412 | 1,154 | 996 |
Advertising and promotion | 170 | 161 | 184 |
Professional fees | 210 | 150 | 128 |
Regulatory and legal provisions (note 29) | 225 | 1,177 | 414 |
Other | 689 | 880 | 760 |
Other expenses, by nature | 2,706 | 3,522 | 2,482 |
Depreciation and amortisation: | |||
Depreciation of property, plant and equipment | 1,453 | 1,823 | 2,017 |
Amortisation of other intangible assets (note 20) | 895 | 954 | 653 |
Depreciation and amortisation expense | 2,348 | 2,777 | 2,670 |
Goodwill impairment (note 19) | 0 | 0 | 4 |
Total operating expenses | £ 9,199 | £ 10,206 | £ 9,196 |
OPERATING EXPENSES - Schedule_2
OPERATING EXPENSES - Schedule of Average Number of Persons Employed by the Group (Details) | 12 Months Ended | ||
Dec. 31, 2022 | Dec. 31, 2021 | Dec. 31, 2020 | |
OPERATING EXPENSES (Details) - Schedule of Average Number of Persons Employed by the Group [Line Items] | |||
Number of employees | 62,549 | 64,161 | 67,630 |
UK | |||
OPERATING EXPENSES (Details) - Schedule of Average Number of Persons Employed by the Group [Line Items] | |||
Number of employees | 62,062 | 63,649 | 67,115 |
Overseas | |||
OPERATING EXPENSES (Details) - Schedule of Average Number of Persons Employed by the Group [Line Items] | |||
Number of employees | 487 | 512 | 515 |
AUDITORS' REMUNERATION - Schedu
AUDITORS' REMUNERATION - Schedule of Fees Payable to Auditors by the Bank (Details) - GBP (£) £ in Millions | 12 Months Ended | ||
Dec. 31, 2022 | Dec. 31, 2021 | Dec. 31, 2020 | |
AUDITORS' REMUNERATION (Details) - Schedule of Fees Payable to Auditors by the Bank [Line Items] | |||
All other fees | £ 0.6 | £ 0.9 | £ 1.2 |
Total fees payable to the Bank’s auditors by the Group | 17.1 | 15.8 | 16.2 |
Total audit fees | |||
AUDITORS' REMUNERATION (Details) - Schedule of Fees Payable to Auditors by the Bank [Line Items] | |||
Audit fees | 16.5 | 14.9 | 15 |
– total audit fees in respect of the statutory audit of Group entities | |||
AUDITORS' REMUNERATION (Details) - Schedule of Fees Payable to Auditors by the Bank [Line Items] | |||
Audit fees | 15.7 | 14.2 | 13.4 |
All other fees | 1.4 | 1.6 | 2.8 |
– audit of the Bank's current year Annual report | |||
AUDITORS' REMUNERATION (Details) - Schedule of Fees Payable to Auditors by the Bank [Line Items] | |||
Audit fees | 4.9 | 4.7 | 4.5 |
– audits of the Bank's subsidiaries | |||
AUDITORS' REMUNERATION (Details) - Schedule of Fees Payable to Auditors by the Bank [Line Items] | |||
Audit fees | 10.8 | 9.5 | 8.9 |
– services normally provided in connection with statutory and regulatory filings or engagements | |||
AUDITORS' REMUNERATION (Details) - Schedule of Fees Payable to Auditors by the Bank [Line Items] | |||
Audit fees | 0.8 | 0.7 | 1.6 |
Other audit-related fees | |||
AUDITORS' REMUNERATION (Details) - Schedule of Fees Payable to Auditors by the Bank [Line Items] | |||
Audit fees | 0.4 | 0.4 | 0.3 |
All other fees | |||
AUDITORS' REMUNERATION (Details) - Schedule of Fees Payable to Auditors by the Bank [Line Items] | |||
All other fees | £ 0.2 | £ 0.5 | £ 0.9 |
AUDITORS' REMUNERATION - Narrat
AUDITORS' REMUNERATION - Narrative (Details) - GBP (£) £ in Millions | 12 Months Ended | ||
Dec. 31, 2022 | Dec. 31, 2021 | Dec. 31, 2020 | |
AUDITORS' REMUNERATION (Details) - Narartive [Line Items] | |||
All other fees | £ 0.6 | £ 0.9 | £ 1.2 |
– total audit fees in respect of the statutory audit of Group entities | |||
AUDITORS' REMUNERATION (Details) - Narartive [Line Items] | |||
All other fees | £ 1.4 | £ 1.6 | £ 2.8 |
AUDITORS' REMUNERATION - Sche_2
AUDITORS' REMUNERATION - Schedule of Fees Payable to Auditors by Outside Entities (Details) - GBP (£) £ in Millions | 12 Months Ended | ||
Dec. 31, 2022 | Dec. 31, 2021 | Dec. 31, 2020 | |
AUDITORS' REMUNERATION (Details) - Schedule of Fees Payable to Auditors by Outside Entities [Line Items] | |||
Auditors' remuneration | £ 17.1 | £ 15.8 | £ 16.2 |
Audits of Group pension schemes | |||
AUDITORS' REMUNERATION (Details) - Schedule of Fees Payable to Auditors by Outside Entities [Line Items] | |||
Auditors' remuneration | 0.3 | 0.3 | 0.1 |
Reviews of the financial position of corporate and other borrowers | |||
AUDITORS' REMUNERATION (Details) - Schedule of Fees Payable to Auditors by Outside Entities [Line Items] | |||
Auditors' remuneration | £ 0 | £ 0 | £ 1.3 |
IMPAIRMENT - Schedule of Impair
IMPAIRMENT - Schedule of Impairment (Details) - GBP (£) £ in Millions | 12 Months Ended | ||
Dec. 31, 2022 | Dec. 31, 2021 | Dec. 31, 2020 | |
IMPAIRMENT (Details) - Schedule of Impairment [Line Items] | |||
Impact of transfers between stages | £ 907 | £ (61) | £ 1,456 |
Other changes in credit quality | 547 | (416) | 2,246 |
Additions and repayments | 62 | (794) | 168 |
Methodology and model changes | (63) | (42) | 165 |
Other items | (1) | (5) | 25 |
Other items impacting the impairment charge | 545 | (1,257) | 2,604 |
Impairment loss (reversal of impairment loss) recognised in profit or loss | 1,452 | (1,318) | 4,060 |
In respect of: | |||
Financial assets at amortised cost | 1,335 | (1,085) | 3,802 |
Impairment charge (credit) on drawn balances | 1,335 | (1,085) | 3,802 |
Loan commitments and financial guarantees | 111 | (231) | 253 |
Financial assets at fair value through other comprehensive income | 6 | ||
Financial assets at fair value through other comprehensive income | 2 | 5 | |
Residual value and voluntary impairment charges | 0 | (77) | 41 |
Loans and advances to banks | |||
In respect of: | |||
Loans and advances | 9 | (4) | 4 |
Loans and advances to customers | |||
In respect of: | |||
Loans and advances | 1,320 | (1,081) | 3,798 |
Debt securities | |||
In respect of: | |||
Loans and advances | 6 | ||
Stage 1 £m | |||
IMPAIRMENT (Details) - Schedule of Impairment [Line Items] | |||
Impact of transfers between stages | (23) | 74 | (168) |
Other changes in credit quality | (284) | (313) | 909 |
Additions and repayments | 114 | (231) | 77 |
Methodology and model changes | 2 | (63) | (31) |
Other items | 0 | 2 | 0 |
Other items impacting the impairment charge | (168) | (605) | 955 |
Impairment loss (reversal of impairment loss) recognised in profit or loss | (191) | (531) | 787 |
In respect of: | |||
Financial assets at amortised cost | (217) | (440) | 682 |
Impairment charge (credit) on drawn balances | (217) | (440) | 682 |
Loan commitments and financial guarantees | 20 | (89) | 100 |
Financial assets at fair value through other comprehensive income | 6 | ||
Financial assets at fair value through other comprehensive income | 2 | 5 | |
Stage 1 £m | Loans and advances to banks | |||
In respect of: | |||
Loans and advances | 9 | (4) | 4 |
Stage 1 £m | Loans and advances to customers | |||
In respect of: | |||
Loans and advances | (232) | (436) | 678 |
Stage 1 £m | Debt securities | |||
In respect of: | |||
Loans and advances | 6 | ||
Stage 2 £m | |||
IMPAIRMENT (Details) - Schedule of Impairment [Line Items] | |||
Impact of transfers between stages | 573 | (474) | 925 |
Other changes in credit quality | 90 | (307) | 6 |
Additions and repayments | 97 | (379) | 173 |
Methodology and model changes | 11 | 15 | 170 |
Other items | 0 | 4 | 0 |
Other items impacting the impairment charge | 198 | (667) | 349 |
Impairment loss (reversal of impairment loss) recognised in profit or loss | 771 | (1,141) | 1,274 |
In respect of: | |||
Financial assets at amortised cost | 679 | (1,008) | 1,130 |
Impairment charge (credit) on drawn balances | 679 | (1,008) | 1,130 |
Loan commitments and financial guarantees | 92 | (133) | 144 |
Financial assets at fair value through other comprehensive income | 0 | ||
Financial assets at fair value through other comprehensive income | 0 | 0 | |
Stage 2 £m | Loans and advances to banks | |||
In respect of: | |||
Loans and advances | 0 | 0 | 0 |
Stage 2 £m | Loans and advances to customers | |||
In respect of: | |||
Loans and advances | 679 | (1,008) | 1,130 |
Stage 2 £m | Debt securities | |||
In respect of: | |||
Loans and advances | 0 | ||
Stage 3 £m | |||
IMPAIRMENT (Details) - Schedule of Impairment [Line Items] | |||
Impact of transfers between stages | 357 | 339 | 699 |
Other changes in credit quality | 663 | 252 | 1,164 |
Additions and repayments | (91) | (97) | (52) |
Methodology and model changes | (47) | 6 | 26 |
Other items | (1) | (11) | 25 |
Other items impacting the impairment charge | 524 | 150 | 1,163 |
Impairment loss (reversal of impairment loss) recognised in profit or loss | 881 | 489 | 1,862 |
In respect of: | |||
Financial assets at amortised cost | 882 | 498 | 1,853 |
Impairment charge (credit) on drawn balances | 882 | 498 | 1,853 |
Loan commitments and financial guarantees | (1) | (9) | 9 |
Financial assets at fair value through other comprehensive income | 0 | ||
Financial assets at fair value through other comprehensive income | 0 | 0 | |
Stage 3 £m | Loans and advances to banks | |||
In respect of: | |||
Loans and advances | 0 | 0 | 0 |
Stage 3 £m | Loans and advances to customers | |||
In respect of: | |||
Loans and advances | 882 | 498 | 1,853 |
Stage 3 £m | Debt securities | |||
In respect of: | |||
Loans and advances | 0 | ||
POCI £m | |||
IMPAIRMENT (Details) - Schedule of Impairment [Line Items] | |||
Impact of transfers between stages | 0 | 0 | 0 |
Other changes in credit quality | 78 | (48) | 167 |
Additions and repayments | (58) | (87) | (30) |
Methodology and model changes | (29) | 0 | 0 |
Other items | 0 | 0 | 0 |
Other items impacting the impairment charge | (9) | (135) | 137 |
Impairment loss (reversal of impairment loss) recognised in profit or loss | (9) | (135) | 137 |
In respect of: | |||
Financial assets at amortised cost | (9) | (135) | 137 |
Impairment charge (credit) on drawn balances | (9) | (135) | 137 |
Loan commitments and financial guarantees | 0 | 0 | 0 |
Financial assets at fair value through other comprehensive income | 0 | ||
Financial assets at fair value through other comprehensive income | 0 | 0 | |
POCI £m | Loans and advances to banks | |||
In respect of: | |||
Loans and advances | 0 | 0 | 0 |
POCI £m | Loans and advances to customers | |||
In respect of: | |||
Loans and advances | (9) | £ (135) | £ 137 |
POCI £m | Debt securities | |||
In respect of: | |||
Loans and advances | £ 0 |
TAX EXPENSE - Schedule of Tax C
TAX EXPENSE - Schedule of Tax Charges (Details) - GBP (£) £ in Millions | 12 Months Ended | ||
Dec. 31, 2022 | Dec. 31, 2021 | Dec. 31, 2020 | |
TAX EXPENSE (Details) - Schedule of Tax Charges [Line Items] | |||
Current tax expense | £ (972) | £ (1,265) | £ (81) |
Deferred tax (expense) credit | (328) | 682 | 218 |
Tax (expense) credit | (1,300) | (583) | 137 |
UK corporation tax | |||
TAX EXPENSE (Details) - Schedule of Tax Charges [Line Items] | |||
Current tax on profit for the year | (1,050) | (1,349) | (423) |
Adjustments in respect of prior years | 110 | 83 | 336 |
Current tax expense | (940) | (1,266) | (87) |
Foreign tax: | |||
TAX EXPENSE (Details) - Schedule of Tax Charges [Line Items] | |||
Current tax on profit for the year | (20) | (21) | (18) |
Adjustments in respect of prior years | (12) | 22 | 24 |
Current tax expense | (32) | 1 | 6 |
Deferred tax: | |||
TAX EXPENSE (Details) - Schedule of Tax Charges [Line Items] | |||
Adjustments in respect of prior years | 170 | (169) | (290) |
Current year | £ (498) | £ 851 | £ 508 |
TAX EXPENSE - Narrative (Detail
TAX EXPENSE - Narrative (Details) | 12 Months Ended | ||
Dec. 31, 2022 | Dec. 31, 2021 | Dec. 31, 2020 | |
UK corporation tax | |||
TAX EXPENSE (Details) - Narrative [Line Items] | |||
Applicable tax rate (in percent) | 19% | 19% | 19% |
TAX EXPENSE - Schedule of Recon
TAX EXPENSE - Schedule of Reconciliation of the Charge Resulting from Applying the Standard UK Corporation Tax Rate (Details) - GBP (£) £ in Millions | 12 Months Ended | ||
Dec. 31, 2022 | Dec. 31, 2021 | Dec. 31, 2020 | |
Disclosure of income tax [Abstract] | |||
Profit before tax | £ 6,094 | £ 5,785 | £ 1,329 |
UK corporation tax thereon | (1,158) | (1,099) | (253) |
Impact of surcharge on banking profits | (340) | (415) | (122) |
Non-deductible costs: conduct charges | (5) | (167) | (24) |
Non-deductible costs: bank levy | (25) | (19) | (30) |
Other non-deductible costs | (58) | (59) | (62) |
Non-taxable income | 48 | 22 | 37 |
Tax relief on coupons on other equity instruments | 46 | 65 | 79 |
Tax-exempt gains on disposals | 0 | 2 | 0 |
Tax losses where no deferred tax recognised | 0 | 0 | (3) |
Remeasurement of deferred tax due to rate changes | (21) | 1,168 | 435 |
Differences in overseas tax rates | (55) | (17) | 10 |
Adjustments in respect of prior years | 268 | (64) | 70 |
Tax (expense) credit | £ (1,300) | £ (583) | £ 137 |
FINANCIAL ASSETS AT FAIR VALU_5
FINANCIAL ASSETS AT FAIR VALUE THROUGH PROFIT OR LOSS - Schedule of Trading and Other Financial Assets at Fair Value Through Profit or Loss (Details) - GBP (£) £ in Millions | Dec. 31, 2022 | Dec. 31, 2021 |
FINANCIAL ASSETS AT FAIR VALUE THROUGH PROFIT OR LOSS (Details) - Schedule of Trading and Other Financial Assets at Fair Value Through Profit or Loss [Line Items] | ||
Loans and advances to customers | £ 435,627 | £ 430,829 |
Financial assets at fair value through profit or loss | ||
FINANCIAL ASSETS AT FAIR VALUE THROUGH PROFIT OR LOSS (Details) - Schedule of Trading and Other Financial Assets at Fair Value Through Profit or Loss [Line Items] | ||
Loans and advances to customers | 1,132 | 1,559 |
Equity shares | 239 | 239 |
Total | £ 1,371 | £ 1,798 |
FINANCIAL ASSETS AT FAIR VALU_6
FINANCIAL ASSETS AT FAIR VALUE THROUGH PROFIT OR LOSS - Narrative (Details) - GBP (£) £ in Millions | Dec. 31, 2022 | Dec. 31, 2021 |
FINANCIAL ASSETS AT FAIR VALUE THROUGH PROFIT OR LOSS (Details) -Narrative [Line Items] | ||
Financial assets at fair value through profit or loss | £ 1,371 | £ 1,798 |
1 year or over original maturity | ||
FINANCIAL ASSETS AT FAIR VALUE THROUGH PROFIT OR LOSS (Details) -Narrative [Line Items] | ||
Financial assets at fair value through profit or loss | £ 1,000 | £ 1,500 |
DERIVATIVE FINANCIAL INSTRUME_3
DERIVATIVE FINANCIAL INSTRUMENTS - Schedule of Derivative Instruments (Details) - GBP (£) £ in Millions | Dec. 31, 2022 | Dec. 31, 2021 |
Derivatives Fair Value [Line Items] | ||
Contract/ notional amount £m | £ 1,606,979 | £ 1,353,360 |
Fair value assets £m | 3,857 | 5,511 |
Fair value liabilities £m | 5,891 | 4,643 |
Trading and other | ||
Derivatives Fair Value [Line Items] | ||
Contract/ notional amount £m | 1,242,565 | 1,107,089 |
Fair value assets £m | 3,838 | 5,456 |
Fair value liabilities £m | 5,385 | 4,328 |
Hedging | ||
Derivatives Fair Value [Line Items] | ||
Contract/ notional amount £m | 364,414 | 246,271 |
Fair value assets £m | 19 | 55 |
Fair value liabilities £m | 506 | 315 |
Derivative notional/contract amount | 10,529 | 17,954 |
Exchange rate contracts: | Trading and other | ||
Derivatives Fair Value [Line Items] | ||
Contract/ notional amount £m | 114,145 | 167,443 |
Fair value assets £m | 1,500 | 837 |
Fair value liabilities £m | 1,976 | 751 |
Interest rate contracts: | Trading and other | ||
Derivatives Fair Value [Line Items] | ||
Contract/ notional amount £m | 1,124,299 | 935,212 |
Fair value assets £m | 2,221 | 4,544 |
Fair value liabilities £m | 3,171 | 3,310 |
Credit derivatives | Trading and other | ||
Derivatives Fair Value [Line Items] | ||
Contract/ notional amount £m | 4,058 | 4,390 |
Fair value assets £m | 105 | 64 |
Fair value liabilities £m | 97 | 101 |
Equity and other contracts | Trading and other | ||
Derivatives Fair Value [Line Items] | ||
Contract/ notional amount £m | 63 | 44 |
Fair value assets £m | 12 | 11 |
Fair value liabilities £m | 141 | 166 |
Fair value hedges | Hedging | ||
Derivatives Fair Value [Line Items] | ||
Contract/ notional amount £m | 128,188 | 147,758 |
Fair value assets £m | 9 | 48 |
Fair value liabilities £m | 496 | 307 |
Derivative notional/contract amount | 9,587 | 15,952 |
Cash flow hedges | Hedging | ||
Derivatives Fair Value [Line Items] | ||
Contract/ notional amount £m | 236,226 | 98,513 |
Fair value assets £m | 10 | 7 |
Fair value liabilities £m | 10 | 8 |
Derivative notional/contract amount | 942 | 2,002 |
Cash flow hedges | Hedging | Exchange rate forward rate agreements | ||
Derivatives Fair Value [Line Items] | ||
Fair value assets £m | 10 | 7 |
Fair value liabilities £m | 10 | 8 |
Spot, forwards and futures | Exchange rate contracts: | Trading and other | ||
Derivatives Fair Value [Line Items] | ||
Contract/ notional amount £m | 17,471 | 12,243 |
Fair value assets £m | 244 | 144 |
Fair value liabilities £m | 362 | 156 |
Currency swaps | Exchange rate contracts: | Trading and other | ||
Derivatives Fair Value [Line Items] | ||
Contract/ notional amount £m | 96,614 | 155,190 |
Fair value assets £m | 1,255 | 693 |
Fair value liabilities £m | 1,613 | 595 |
Currency swaps | Fair value hedges | Hedging | ||
Derivatives Fair Value [Line Items] | ||
Contract/ notional amount £m | 35 | 34 |
Fair value assets £m | 1 | 7 |
Fair value liabilities £m | 0 | 0 |
Options purchased | Exchange rate contracts: | Trading and other | ||
Derivatives Fair Value [Line Items] | ||
Contract/ notional amount £m | 30 | 5 |
Fair value assets £m | 1 | 0 |
Fair value liabilities £m | 0 | 0 |
Options purchased | Interest rate contracts: | Trading and other | ||
Derivatives Fair Value [Line Items] | ||
Contract/ notional amount £m | 1,881 | 2,128 |
Fair value assets £m | 57 | 19 |
Fair value liabilities £m | 0 | 0 |
Options written | Exchange rate contracts: | Trading and other | ||
Derivatives Fair Value [Line Items] | ||
Contract/ notional amount £m | 30 | 5 |
Fair value assets £m | 0 | 0 |
Fair value liabilities £m | 1 | 0 |
Options written | Interest rate contracts: | Trading and other | ||
Derivatives Fair Value [Line Items] | ||
Contract/ notional amount £m | 1,750 | 1,229 |
Fair value assets £m | 0 | 0 |
Fair value liabilities £m | 59 | 10 |
Interest rate swaps | Interest rate contracts: | Trading and other | ||
Derivatives Fair Value [Line Items] | ||
Contract/ notional amount £m | 1,120,668 | 931,834 |
Fair value assets £m | 2,164 | 4,525 |
Fair value liabilities £m | 3,112 | 3,300 |
Interest rate swaps | Fair value hedges | Hedging | ||
Derivatives Fair Value [Line Items] | ||
Contract/ notional amount £m | 128,153 | 147,724 |
Fair value assets £m | 8 | 41 |
Fair value liabilities £m | 496 | 307 |
Interest rate swaps | Cash flow hedges | Hedging | ||
Derivatives Fair Value [Line Items] | ||
Contract/ notional amount £m | 235,916 | 97,942 |
Fair value assets £m | 0 | 0 |
Fair value liabilities £m | 0 | 0 |
Forward rate agreements | Interest rate contracts: | Trading and other | ||
Derivatives Fair Value [Line Items] | ||
Contract/ notional amount £m | 0 | 21 |
Fair value assets £m | 0 | 0 |
Fair value liabilities £m | 0 | 0 |
Exchange rate forward rate agreements | Cash flow hedges | Hedging | ||
Derivatives Fair Value [Line Items] | ||
Derivative notional/contract amount | £ 310 | £ 571 |
DERIVATIVE FINANCIAL INSTRUME_4
DERIVATIVE FINANCIAL INSTRUMENTS - Schedule of Amount, Timing and Uncertainty of Future Cash Flows (Details) - GBP (£) £ in Millions | Dec. 31, 2022 | Dec. 31, 2021 |
DERIVATIVE FINANCIAL INSTRUMENTS (Details) - Schedule of Amount, Timing and Uncertainty of Future Cash Flows [Line Items] | ||
Notional | £ 1,606,979 | £ 1,353,360 |
Currency swaps | Fair value hedges | ||
DERIVATIVE FINANCIAL INSTRUMENTS (Details) - Schedule of Amount, Timing and Uncertainty of Future Cash Flows [Line Items] | ||
Notional | 35 | 34 |
Currency swaps | Fair value hedges | Up to 1 month £m | ||
DERIVATIVE FINANCIAL INSTRUMENTS (Details) - Schedule of Amount, Timing and Uncertainty of Future Cash Flows [Line Items] | ||
Notional | £ 0 | £ 0 |
Average fixed interest rate (in percent) | 0% | 0% |
Currency swaps | Fair value hedges | 1–3 months £m | ||
DERIVATIVE FINANCIAL INSTRUMENTS (Details) - Schedule of Amount, Timing and Uncertainty of Future Cash Flows [Line Items] | ||
Notional | £ 0 | £ 0 |
Average fixed interest rate (in percent) | 0% | 0% |
Currency swaps | Fair value hedges | 3–12 months £m | ||
DERIVATIVE FINANCIAL INSTRUMENTS (Details) - Schedule of Amount, Timing and Uncertainty of Future Cash Flows [Line Items] | ||
Notional | £ 0 | £ 0 |
Average fixed interest rate (in percent) | 0% | 0% |
Currency swaps | Fair value hedges | 1–5 years £m | ||
DERIVATIVE FINANCIAL INSTRUMENTS (Details) - Schedule of Amount, Timing and Uncertainty of Future Cash Flows [Line Items] | ||
Notional | £ 0 | £ 0 |
Average fixed interest rate (in percent) | 0% | 0% |
Currency swaps | Fair value hedges | Over 5 years £m | ||
DERIVATIVE FINANCIAL INSTRUMENTS (Details) - Schedule of Amount, Timing and Uncertainty of Future Cash Flows [Line Items] | ||
Notional | £ 35 | £ 34 |
Average fixed interest rate (in percent) | 1.28% | 1.28% |
Currency swaps | Cash flow hedges | ||
DERIVATIVE FINANCIAL INSTRUMENTS (Details) - Schedule of Amount, Timing and Uncertainty of Future Cash Flows [Line Items] | ||
Notional | £ 310 | £ 571 |
Currency swaps | Cash flow hedges | Up to 1 month £m | ||
DERIVATIVE FINANCIAL INSTRUMENTS (Details) - Schedule of Amount, Timing and Uncertainty of Future Cash Flows [Line Items] | ||
Notional | 16 | 31 |
Currency swaps | Cash flow hedges | 1–3 months £m | ||
DERIVATIVE FINANCIAL INSTRUMENTS (Details) - Schedule of Amount, Timing and Uncertainty of Future Cash Flows [Line Items] | ||
Notional | 35 | 117 |
Currency swaps | Cash flow hedges | 3–12 months £m | ||
DERIVATIVE FINANCIAL INSTRUMENTS (Details) - Schedule of Amount, Timing and Uncertainty of Future Cash Flows [Line Items] | ||
Notional | 207 | 325 |
Currency swaps | Cash flow hedges | 1–5 years £m | ||
DERIVATIVE FINANCIAL INSTRUMENTS (Details) - Schedule of Amount, Timing and Uncertainty of Future Cash Flows [Line Items] | ||
Notional | 48 | 98 |
Currency swaps | Cash flow hedges | Over 5 years £m | ||
DERIVATIVE FINANCIAL INSTRUMENTS (Details) - Schedule of Amount, Timing and Uncertainty of Future Cash Flows [Line Items] | ||
Notional | 4 | 0 |
Interest rate swaps | Fair value hedges | ||
DERIVATIVE FINANCIAL INSTRUMENTS (Details) - Schedule of Amount, Timing and Uncertainty of Future Cash Flows [Line Items] | ||
Notional | 128,153 | 147,724 |
Interest rate swaps | Fair value hedges | Up to 1 month £m | ||
DERIVATIVE FINANCIAL INSTRUMENTS (Details) - Schedule of Amount, Timing and Uncertainty of Future Cash Flows [Line Items] | ||
Notional | £ 796 | £ 283 |
Average fixed interest rate (in percent) | 3.20% | 2.21% |
Interest rate swaps | Fair value hedges | 1–3 months £m | ||
DERIVATIVE FINANCIAL INSTRUMENTS (Details) - Schedule of Amount, Timing and Uncertainty of Future Cash Flows [Line Items] | ||
Notional | £ 12,236 | £ 1,684 |
Average fixed interest rate (in percent) | 0.10% | 2.13% |
Interest rate swaps | Fair value hedges | 3–12 months £m | ||
DERIVATIVE FINANCIAL INSTRUMENTS (Details) - Schedule of Amount, Timing and Uncertainty of Future Cash Flows [Line Items] | ||
Notional | £ 31,539 | £ 15,631 |
Average fixed interest rate (in percent) | 0.68% | 0.94% |
Interest rate swaps | Fair value hedges | 1–5 years £m | ||
DERIVATIVE FINANCIAL INSTRUMENTS (Details) - Schedule of Amount, Timing and Uncertainty of Future Cash Flows [Line Items] | ||
Notional | £ 51,094 | £ 105,666 |
Average fixed interest rate (in percent) | 2.04% | 0.62% |
Interest rate swaps | Fair value hedges | Over 5 years £m | ||
DERIVATIVE FINANCIAL INSTRUMENTS (Details) - Schedule of Amount, Timing and Uncertainty of Future Cash Flows [Line Items] | ||
Notional | £ 32,488 | £ 24,460 |
Average fixed interest rate (in percent) | 1.88% | 1.87% |
Interest rate swaps | Cash flow hedges | ||
DERIVATIVE FINANCIAL INSTRUMENTS (Details) - Schedule of Amount, Timing and Uncertainty of Future Cash Flows [Line Items] | ||
Notional | £ 235,916 | £ 97,942 |
Interest rate swaps | Cash flow hedges | Up to 1 month £m | ||
DERIVATIVE FINANCIAL INSTRUMENTS (Details) - Schedule of Amount, Timing and Uncertainty of Future Cash Flows [Line Items] | ||
Notional | £ 4,476 | £ 1,000 |
Average fixed interest rate (in percent) | 3.18% | 0% |
Interest rate swaps | Cash flow hedges | 1–3 months £m | ||
DERIVATIVE FINANCIAL INSTRUMENTS (Details) - Schedule of Amount, Timing and Uncertainty of Future Cash Flows [Line Items] | ||
Notional | £ 4,891 | £ 500 |
Average fixed interest rate (in percent) | 1.46% | 0.17% |
Interest rate swaps | Cash flow hedges | 3–12 months £m | ||
DERIVATIVE FINANCIAL INSTRUMENTS (Details) - Schedule of Amount, Timing and Uncertainty of Future Cash Flows [Line Items] | ||
Notional | £ 24,929 | £ 9,542 |
Average fixed interest rate (in percent) | 2.42% | 0.56% |
Interest rate swaps | Cash flow hedges | 1–5 years £m | ||
DERIVATIVE FINANCIAL INSTRUMENTS (Details) - Schedule of Amount, Timing and Uncertainty of Future Cash Flows [Line Items] | ||
Notional | £ 152,862 | £ 51,186 |
Average fixed interest rate (in percent) | 2.46% | 0.88% |
Interest rate swaps | Cash flow hedges | Over 5 years £m | ||
DERIVATIVE FINANCIAL INSTRUMENTS (Details) - Schedule of Amount, Timing and Uncertainty of Future Cash Flows [Line Items] | ||
Notional | £ 48,758 | £ 35,714 |
Average fixed interest rate (in percent) | 1.63% | 0.67% |
Average EUR/GBP exchange rate | Currency swaps | Fair value hedges | Up to 1 month £m | ||
DERIVATIVE FINANCIAL INSTRUMENTS (Details) - Schedule of Amount, Timing and Uncertainty of Future Cash Flows [Line Items] | ||
Average exchange rate | 0 | 0 |
Average EUR/GBP exchange rate | Currency swaps | Fair value hedges | 1–3 months £m | ||
DERIVATIVE FINANCIAL INSTRUMENTS (Details) - Schedule of Amount, Timing and Uncertainty of Future Cash Flows [Line Items] | ||
Average exchange rate | 0 | 0 |
Average EUR/GBP exchange rate | Currency swaps | Fair value hedges | 3–12 months £m | ||
DERIVATIVE FINANCIAL INSTRUMENTS (Details) - Schedule of Amount, Timing and Uncertainty of Future Cash Flows [Line Items] | ||
Average exchange rate | 0 | 0 |
Average EUR/GBP exchange rate | Currency swaps | Fair value hedges | 1–5 years £m | ||
DERIVATIVE FINANCIAL INSTRUMENTS (Details) - Schedule of Amount, Timing and Uncertainty of Future Cash Flows [Line Items] | ||
Average exchange rate | 0 | 0 |
Average EUR/GBP exchange rate | Currency swaps | Fair value hedges | Over 5 years £m | ||
DERIVATIVE FINANCIAL INSTRUMENTS (Details) - Schedule of Amount, Timing and Uncertainty of Future Cash Flows [Line Items] | ||
Average exchange rate | 0.0138 | 0.0138 |
Average EUR/GBP exchange rate | Currency swaps | Cash flow hedges | Up to 1 month £m | ||
DERIVATIVE FINANCIAL INSTRUMENTS (Details) - Schedule of Amount, Timing and Uncertainty of Future Cash Flows [Line Items] | ||
Average exchange rate | 0 | 0.0114 |
Average EUR/GBP exchange rate | Currency swaps | Cash flow hedges | 1–3 months £m | ||
DERIVATIVE FINANCIAL INSTRUMENTS (Details) - Schedule of Amount, Timing and Uncertainty of Future Cash Flows [Line Items] | ||
Average exchange rate | 0 | 0.0116 |
Average EUR/GBP exchange rate | Currency swaps | Cash flow hedges | 3–12 months £m | ||
DERIVATIVE FINANCIAL INSTRUMENTS (Details) - Schedule of Amount, Timing and Uncertainty of Future Cash Flows [Line Items] | ||
Average exchange rate | 0 | 0.0115 |
Average EUR/GBP exchange rate | Currency swaps | Cash flow hedges | 1–5 years £m | ||
DERIVATIVE FINANCIAL INSTRUMENTS (Details) - Schedule of Amount, Timing and Uncertainty of Future Cash Flows [Line Items] | ||
Average exchange rate | 0 | 0.0113 |
Average EUR/GBP exchange rate | Currency swaps | Cash flow hedges | Over 5 years £m | ||
DERIVATIVE FINANCIAL INSTRUMENTS (Details) - Schedule of Amount, Timing and Uncertainty of Future Cash Flows [Line Items] | ||
Average exchange rate | 0 | 0 |
Average USD/GBP exchange rate | Currency swaps | Cash flow hedges | Up to 1 month £m | ||
DERIVATIVE FINANCIAL INSTRUMENTS (Details) - Schedule of Amount, Timing and Uncertainty of Future Cash Flows [Line Items] | ||
Average exchange rate | 0.0123 | 0.0136 |
Average USD/GBP exchange rate | Currency swaps | Cash flow hedges | 1–3 months £m | ||
DERIVATIVE FINANCIAL INSTRUMENTS (Details) - Schedule of Amount, Timing and Uncertainty of Future Cash Flows [Line Items] | ||
Average exchange rate | 0.0126 | 0.0135 |
Average USD/GBP exchange rate | Currency swaps | Cash flow hedges | 3–12 months £m | ||
DERIVATIVE FINANCIAL INSTRUMENTS (Details) - Schedule of Amount, Timing and Uncertainty of Future Cash Flows [Line Items] | ||
Average exchange rate | 0.0119 | 0.0137 |
Average USD/GBP exchange rate | Currency swaps | Cash flow hedges | 1–5 years £m | ||
DERIVATIVE FINANCIAL INSTRUMENTS (Details) - Schedule of Amount, Timing and Uncertainty of Future Cash Flows [Line Items] | ||
Average exchange rate | 0.0123 | 0.0134 |
Average USD/GBP exchange rate | Currency swaps | Cash flow hedges | Over 5 years £m | ||
DERIVATIVE FINANCIAL INSTRUMENTS (Details) - Schedule of Amount, Timing and Uncertainty of Future Cash Flows [Line Items] | ||
Average exchange rate | 0.0118 | 0.0134 |
DERIVATIVE FINANCIAL INSTRUME_5
DERIVATIVE FINANCIAL INSTRUMENTS - Schedule of the Effects of Hedge Accounting on Swaps (Details) - GBP (£) £ in Millions | 12 Months Ended | |
Dec. 31, 2022 | Dec. 31, 2021 | |
DERIVATIVE FINANCIAL INSTRUMENTS (Details) - Schedule of the Effects of Hedge Accounting on Swaps [Line Items] | ||
Contract/ notional amount £m | £ 1,606,979 | £ 1,353,360 |
Derivative assets | 3,857 | 5,511 |
Liabilities £m | 5,891 | 4,643 |
Currency swaps | Fair value hedges | ||
DERIVATIVE FINANCIAL INSTRUMENTS (Details) - Schedule of the Effects of Hedge Accounting on Swaps [Line Items] | ||
Contract/ notional amount £m | 35 | 34 |
Derivative assets | 1 | 7 |
Liabilities £m | 0 | 0 |
Changes in fair value used for calculating hedge ineffectiveness £m | (2) | (2) |
Currency swaps | Cash flow hedges | ||
DERIVATIVE FINANCIAL INSTRUMENTS (Details) - Schedule of the Effects of Hedge Accounting on Swaps [Line Items] | ||
Contract/ notional amount £m | 310 | 571 |
Derivative assets | 10 | 7 |
Liabilities £m | 10 | 8 |
Changes in fair value used for calculating hedge ineffectiveness £m | 25 | (26) |
Interest rate swaps | Fair value hedges | ||
DERIVATIVE FINANCIAL INSTRUMENTS (Details) - Schedule of the Effects of Hedge Accounting on Swaps [Line Items] | ||
Contract/ notional amount £m | 128,153 | 147,724 |
Derivative assets | 8 | 41 |
Liabilities £m | 496 | 307 |
Changes in fair value used for calculating hedge ineffectiveness £m | 3,108 | 1,887 |
Interest rate swaps | Cash flow hedges | ||
DERIVATIVE FINANCIAL INSTRUMENTS (Details) - Schedule of the Effects of Hedge Accounting on Swaps [Line Items] | ||
Contract/ notional amount £m | 235,916 | 97,942 |
Derivative assets | 0 | 0 |
Liabilities £m | 0 | 0 |
Changes in fair value used for calculating hedge ineffectiveness £m | £ (6,417) | £ (2,444) |
DERIVATIVE FINANCIAL INSTRUME_6
DERIVATIVE FINANCIAL INSTRUMENTS - Schedule of the Effects of Hedge Accounting (Details) - GBP (£) £ in Millions | 12 Months Ended | |
Dec. 31, 2022 | Dec. 31, 2021 | |
Fair value hedges | Interest rate | Fixed rate mortgages | ||
DERIVATIVE FINANCIAL INSTRUMENTS (Details) - Schedule of the Effects of Hedge Accounting [Line Items] | ||
Carrying amount of the hedged item, assets | £ 73,282 | £ 88,791 |
Carrying amount of the hedged item, liabilities | 0 | 0 |
Accumulated amount of fair value adjustment on the hedged item, assets | (2,602) | (872) |
Accumulated amount of fair value adjustment on the hedged item, liabilities | 0 | 0 |
Change in fair value of hedged item for ineffectiveness assessment £m | (3,199) | (2,081) |
Fair value hedges | Interest rate | Fixed rate issuance | ||
DERIVATIVE FINANCIAL INSTRUMENTS (Details) - Schedule of the Effects of Hedge Accounting [Line Items] | ||
Carrying amount of the hedged item, assets | 0 | 0 |
Carrying amount of the hedged item, liabilities | 28,391 | 33,128 |
Accumulated amount of fair value adjustment on the hedged item, assets | 0 | 0 |
Accumulated amount of fair value adjustment on the hedged item, liabilities | 2,069 | 411 |
Change in fair value of hedged item for ineffectiveness assessment £m | 2,422 | 1,149 |
Fair value hedges | Interest rate | Fixed rate bonds | ||
DERIVATIVE FINANCIAL INSTRUMENTS (Details) - Schedule of the Effects of Hedge Accounting [Line Items] | ||
Carrying amount of the hedged item, assets | 19,259 | 25,019 |
Carrying amount of the hedged item, liabilities | 0 | 0 |
Accumulated amount of fair value adjustment on the hedged item, assets | (1,549) | 342 |
Accumulated amount of fair value adjustment on the hedged item, liabilities | 0 | 0 |
Change in fair value of hedged item for ineffectiveness assessment £m | (2,350) | (758) |
Cash flow hedges | Interest rate | Customer deposits | ||
DERIVATIVE FINANCIAL INSTRUMENTS (Details) - Schedule of the Effects of Hedge Accounting [Line Items] | ||
Change in fair value of hedged item for ineffectiveness assessment £m | (1,661) | (89) |
Cash flow hedging reserve, continuing hedges | 2,332 | 32 |
Cash flow hedging reserve, discontinued hedges | (46) | (85) |
Cash flow hedges | Interest rate | Customer loans | ||
DERIVATIVE FINANCIAL INSTRUMENTS (Details) - Schedule of the Effects of Hedge Accounting [Line Items] | ||
Change in fair value of hedged item for ineffectiveness assessment £m | 5,931 | 1,842 |
Cash flow hedging reserve, continuing hedges | (6,051) | (711) |
Cash flow hedging reserve, discontinued hedges | (921) | 453 |
Cash flow hedges | Interest rate | Central bank balances | ||
DERIVATIVE FINANCIAL INSTRUMENTS (Details) - Schedule of the Effects of Hedge Accounting [Line Items] | ||
Change in fair value of hedged item for ineffectiveness assessment £m | 2,194 | 588 |
Cash flow hedging reserve, continuing hedges | (1,597) | (235) |
Cash flow hedging reserve, discontinued hedges | (916) | (109) |
Cash flow hedges | Foreign exchange | Foreign currency issuance | ||
DERIVATIVE FINANCIAL INSTRUMENTS (Details) - Schedule of the Effects of Hedge Accounting [Line Items] | ||
Change in fair value of hedged item for ineffectiveness assessment £m | (25) | 5 |
Cash flow hedging reserve, continuing hedges | 6 | (19) |
Cash flow hedging reserve, discontinued hedges | 11 | 17 |
Cash flow hedges | Foreign exchange | Customer deposits | ||
DERIVATIVE FINANCIAL INSTRUMENTS (Details) - Schedule of the Effects of Hedge Accounting [Line Items] | ||
Change in fair value of hedged item for ineffectiveness assessment £m | 0 | 21 |
Cash flow hedging reserve, continuing hedges | 0 | 0 |
Cash flow hedging reserve, discontinued hedges | £ 3 | £ 0 |
DERIVATIVE FINANCIAL INSTRUME_7
DERIVATIVE FINANCIAL INSTRUMENTS - Narrative (Details) - GBP (£) £ in Millions | 12 Months Ended | |
Dec. 31, 2022 | Dec. 31, 2021 | |
DERIVATIVE FINANCIAL INSTRUMENTS (Details) - Narrative [Line Items] | ||
Accumulated fair value hedge adjustment | £ (1,449) | £ (548) |
Fixed rate insurance liability | (221) | (270) |
Fixed rate bonds and mortgages | (1,228) | (278) |
Fair value assets £m | 3,857 | 5,511 |
Fair value liabilities £m | 5,891 | 4,643 |
Foreign exchange | Cash flow hedges | Foreign currency issuance | Foreign currency issuance | ||
DERIVATIVE FINANCIAL INSTRUMENTS (Details) - Narrative [Line Items] | ||
Hedged cash flows will no longer occur £m | 0 | 3 |
1 year or over original maturity | ||
DERIVATIVE FINANCIAL INSTRUMENTS (Details) - Narrative [Line Items] | ||
Fair value assets £m | 2,931 | 4,861 |
Fair value liabilities £m | £ 4,479 | £ 4,031 |
DERIVATIVE FINANCIAL INSTRUME_8
DERIVATIVE FINANCIAL INSTRUMENTS - Schedule of Amounts Reclassified from Reserves to Income Statement (Details) - GBP (£) £ in Millions | 12 Months Ended | |
Dec. 31, 2022 | Dec. 31, 2021 | |
Fair value hedges | Interest rate | Fixed rate mortgages | ||
DERIVATIVE FINANCIAL INSTRUMENTS (Details) - Schedule of Amounts Reclassified from Reserves to Income Statement [Line Items] | ||
Gain (loss) recognised in other comprehensive income £m | £ (3,199) | £ (2,081) |
Fair value hedges | Interest rate | Fixed rate mortgages | Fixed rate mortgages | ||
DERIVATIVE FINANCIAL INSTRUMENTS (Details) - Schedule of Amounts Reclassified from Reserves to Income Statement [Line Items] | ||
Hedge ineffectiveness recognised in the income statement | 22 | 206 |
Fair value hedges | Interest rate | Fixed rate issuance | ||
DERIVATIVE FINANCIAL INSTRUMENTS (Details) - Schedule of Amounts Reclassified from Reserves to Income Statement [Line Items] | ||
Gain (loss) recognised in other comprehensive income £m | 2,422 | 1,149 |
Fair value hedges | Interest rate | Fixed rate issuance | Fixed rate issuance | ||
DERIVATIVE FINANCIAL INSTRUMENTS (Details) - Schedule of Amounts Reclassified from Reserves to Income Statement [Line Items] | ||
Hedge ineffectiveness recognised in the income statement | (29) | (4) |
Fair value hedges | Interest rate | Fixed rate bonds | ||
DERIVATIVE FINANCIAL INSTRUMENTS (Details) - Schedule of Amounts Reclassified from Reserves to Income Statement [Line Items] | ||
Gain (loss) recognised in other comprehensive income £m | (2,350) | (758) |
Fair value hedges | Interest rate | Fixed rate bonds | Fixed rate bonds | ||
DERIVATIVE FINANCIAL INSTRUMENTS (Details) - Schedule of Amounts Reclassified from Reserves to Income Statement [Line Items] | ||
Hedge ineffectiveness recognised in the income statement | (14) | (7) |
Cash flow hedges | Interest rate | Customer deposits | ||
DERIVATIVE FINANCIAL INSTRUMENTS (Details) - Schedule of Amounts Reclassified from Reserves to Income Statement [Line Items] | ||
Gain (loss) recognised in other comprehensive income £m | (1,661) | (89) |
Cash flow hedges | Interest rate | Customer deposits | Customer deposits | ||
DERIVATIVE FINANCIAL INSTRUMENTS (Details) - Schedule of Amounts Reclassified from Reserves to Income Statement [Line Items] | ||
Gain (loss) recognised in other comprehensive income £m | 2,341 | 58 |
Hedge ineffectiveness recognised in the income statement | 22 | 1 |
Hedged cash flows will no longer occur £m | 0 | 0 |
Hedged item affected income statement £m | (2) | 25 |
Cash flow hedges | Interest rate | Customer loans | ||
DERIVATIVE FINANCIAL INSTRUMENTS (Details) - Schedule of Amounts Reclassified from Reserves to Income Statement [Line Items] | ||
Gain (loss) recognised in other comprehensive income £m | 5,931 | 1,842 |
Cash flow hedges | Interest rate | Customer loans | Customer loans | ||
DERIVATIVE FINANCIAL INSTRUMENTS (Details) - Schedule of Amounts Reclassified from Reserves to Income Statement [Line Items] | ||
Gain (loss) recognised in other comprehensive income £m | (6,718) | (1,719) |
Hedge ineffectiveness recognised in the income statement | (29) | (42) |
Hedged cash flows will no longer occur £m | 0 | 0 |
Hedged item affected income statement £m | 5 | (454) |
Cash flow hedges | Interest rate | Central bank balances | ||
DERIVATIVE FINANCIAL INSTRUMENTS (Details) - Schedule of Amounts Reclassified from Reserves to Income Statement [Line Items] | ||
Gain (loss) recognised in other comprehensive income £m | 2,194 | 588 |
Cash flow hedges | Interest rate | Central bank balances | Central bank balances | ||
DERIVATIVE FINANCIAL INSTRUMENTS (Details) - Schedule of Amounts Reclassified from Reserves to Income Statement [Line Items] | ||
Gain (loss) recognised in other comprehensive income £m | (2,171) | (499) |
Hedge ineffectiveness recognised in the income statement | 1 | (17) |
Hedged cash flows will no longer occur £m | 0 | 0 |
Hedged item affected income statement £m | 2 | (134) |
Cash flow hedges | Foreign exchange | Foreign currency issuance | ||
DERIVATIVE FINANCIAL INSTRUMENTS (Details) - Schedule of Amounts Reclassified from Reserves to Income Statement [Line Items] | ||
Gain (loss) recognised in other comprehensive income £m | (25) | 5 |
Cash flow hedges | Foreign exchange | Foreign currency issuance | Foreign currency issuance | ||
DERIVATIVE FINANCIAL INSTRUMENTS (Details) - Schedule of Amounts Reclassified from Reserves to Income Statement [Line Items] | ||
Gain (loss) recognised in other comprehensive income £m | 25 | (6) |
Hedge ineffectiveness recognised in the income statement | 0 | 0 |
Hedged cash flows will no longer occur £m | 0 | 3 |
Hedged item affected income statement £m | (6) | (18) |
Cash flow hedges | Foreign exchange | Customer deposits | ||
DERIVATIVE FINANCIAL INSTRUMENTS (Details) - Schedule of Amounts Reclassified from Reserves to Income Statement [Line Items] | ||
Gain (loss) recognised in other comprehensive income £m | 0 | 21 |
Cash flow hedges | Foreign exchange | Customer deposits | Customer deposits | ||
DERIVATIVE FINANCIAL INSTRUMENTS (Details) - Schedule of Amounts Reclassified from Reserves to Income Statement [Line Items] | ||
Gain (loss) recognised in other comprehensive income £m | 3 | 28 |
Hedge ineffectiveness recognised in the income statement | 0 | 0 |
Hedged cash flows will no longer occur £m | 0 | 0 |
Hedged item affected income statement £m | £ 0 | £ 0 |
FINANCIAL ASSETS AT AMORTISED_3
FINANCIAL ASSETS AT AMORTISED COST - Schedule of Debt Securities and Loans and Advances to Banks and Customers (Details) - GBP (£) £ in Millions | 12 Months Ended | ||
Dec. 31, 2022 | Dec. 31, 2021 | Dec. 31, 2020 | |
FINANCIAL ASSETS AT AMORTISED COST (Details) - Schedule of Debt Securities and Loans and Advances to Banks and Customers [Line Items] | |||
Beginning balance, undrawn balances and allowance for expected credit losses | £ 4,000 | ||
Exchange and other adjustments | (91) | £ 19 | £ 0 |
Impact of transfers between stages | 907 | (61) | 1,456 |
Other changes in credit quality | 547 | (416) | 2,246 |
Additions and repayments | (62) | 794 | (168) |
Methodology and model changes | (63) | (42) | 165 |
Ending balance, undrawn balances and allowance for expected credit losses | 4,796 | 4,000 | |
Net carrying amount | 11,913 | 7,474 | 5,950 |
Net carrying amount | 435,627 | 430,829 | |
Net carrying amount | 39,259 | 49,708 | |
Net carrying amount | 7,331 | 4,562 | |
Total financial assets at amortised cost | 491,396 | 490,316 | |
Retail – UK mortgages | |||
FINANCIAL ASSETS AT AMORTISED COST (Details) - Schedule of Debt Securities and Loans and Advances to Banks and Customers [Line Items] | |||
Transfers to Stage 1 | 0 | ||
Transfers to Stage 2 | 0 | ||
Transfers to Stage 3 | 0 | ||
Impact of transfers between stages | 0 | ||
Loans and advances to banks | |||
FINANCIAL ASSETS AT AMORTISED COST (Details) - Schedule of Debt Securities and Loans and Advances to Banks and Customers [Line Items] | |||
Beginning balance, undrawn balances and allowance for expected credit losses | 0 | 4 | |
Exchange and other adjustments | 0 | 0 | |
Additions and repayments | 2 | (1) | |
Impact of transfers between stages | 0 | ||
Other changes in credit quality | 7 | (3) | |
Credit to the income statement | (4) | ||
Charge to the income statement | 9 | ||
Ending balance, undrawn balances and allowance for expected credit losses | 9 | 0 | 4 |
Loans and advances to customers | |||
FINANCIAL ASSETS AT AMORTISED COST (Details) - Schedule of Debt Securities and Loans and Advances to Banks and Customers [Line Items] | |||
Beginning balance, undrawn balances and allowance for expected credit losses | 3,804 | 5,701 | |
Exchange and other adjustments | 110 | 119 | |
Impact of transfers between stages | 846 | (12) | |
Other changes in credit quality | 501 | (289) | |
Additions and repayments | 36 | (738) | |
Methodology and model changes | (63) | (42) | |
Credit to the income statement | (1,081) | ||
Charge to the income statement | 1,320 | ||
Advances written off | (941) | (1,094) | |
Recoveries of advances written off in previous years | 182 | 159 | |
Ending balance, undrawn balances and allowance for expected credit losses | £ 4,475 | £ 3,804 | 5,701 |
Drawn ECL coverage (%) | 1% | 0.90% | |
Debt securities | |||
FINANCIAL ASSETS AT AMORTISED COST (Details) - Schedule of Debt Securities and Loans and Advances to Banks and Customers [Line Items] | |||
Beginning balance, undrawn balances and allowance for expected credit losses | £ 2 | £ 1 | |
Exchange and other adjustments | 0 | 1 | |
Additions and repayments | 3 | 0 | |
Impact of transfers between stages | 0 | 0 | |
Other changes in credit quality | 3 | ||
Charge to the income statement | 6 | 0 | |
Ending balance, undrawn balances and allowance for expected credit losses | 8 | 2 | 1 |
Stage 1 £m | |||
FINANCIAL ASSETS AT AMORTISED COST (Details) - Schedule of Debt Securities and Loans and Advances to Banks and Customers [Line Items] | |||
Total financial assets at amortised cost | 417,854 | 440,935 | |
Stage 1 £m | Loans and advances to banks | |||
FINANCIAL ASSETS AT AMORTISED COST (Details) - Schedule of Debt Securities and Loans and Advances to Banks and Customers [Line Items] | |||
Beginning balance, undrawn balances and allowance for expected credit losses | 0 | 4 | |
Exchange and other adjustments | 0 | 0 | |
Additions and repayments | 2 | (1) | |
Impact of transfers between stages | 0 | ||
Other changes in credit quality | 7 | (3) | |
Credit to the income statement | (4) | ||
Charge to the income statement | 9 | ||
Ending balance, undrawn balances and allowance for expected credit losses | 9 | 0 | 4 |
Stage 1 £m | Loans and advances to customers | |||
FINANCIAL ASSETS AT AMORTISED COST (Details) - Schedule of Debt Securities and Loans and Advances to Banks and Customers [Line Items] | |||
Beginning balance, undrawn balances and allowance for expected credit losses | 909 | 1,347 | |
Exchange and other adjustments | 1 | (2) | |
Impact of transfers between stages | (17) | 75 | |
Other changes in credit quality | (314) | (239) | |
Additions and repayments | 97 | (209) | |
Methodology and model changes | 2 | (63) | |
Credit to the income statement | (232) | (436) | |
Ending balance, undrawn balances and allowance for expected credit losses | 678 | 909 | 1,347 |
Stage 1 £m | Debt securities | |||
FINANCIAL ASSETS AT AMORTISED COST (Details) - Schedule of Debt Securities and Loans and Advances to Banks and Customers [Line Items] | |||
Beginning balance, undrawn balances and allowance for expected credit losses | 1 | 0 | |
Exchange and other adjustments | 0 | 1 | |
Additions and repayments | 3 | 0 | |
Impact of transfers between stages | 0 | 0 | |
Other changes in credit quality | 3 | ||
Charge to the income statement | 6 | 0 | |
Ending balance, undrawn balances and allowance for expected credit losses | 7 | 1 | 0 |
Stage 2 £m | |||
FINANCIAL ASSETS AT AMORTISED COST (Details) - Schedule of Debt Securities and Loans and Advances to Banks and Customers [Line Items] | |||
Total financial assets at amortised cost | 58,314 | 33,781 | |
Stage 2 £m | Loans and advances to banks | |||
FINANCIAL ASSETS AT AMORTISED COST (Details) - Schedule of Debt Securities and Loans and Advances to Banks and Customers [Line Items] | |||
Beginning balance, undrawn balances and allowance for expected credit losses | 0 | 0 | |
Exchange and other adjustments | 0 | 0 | |
Additions and repayments | 0 | 0 | |
Impact of transfers between stages | 0 | ||
Other changes in credit quality | 0 | 0 | |
Credit to the income statement | 0 | ||
Charge to the income statement | 0 | ||
Ending balance, undrawn balances and allowance for expected credit losses | 0 | 0 | 0 |
Stage 2 £m | Loans and advances to customers | |||
FINANCIAL ASSETS AT AMORTISED COST (Details) - Schedule of Debt Securities and Loans and Advances to Banks and Customers [Line Items] | |||
Beginning balance, undrawn balances and allowance for expected credit losses | 1,112 | 2,125 | |
Exchange and other adjustments | 1 | (5) | |
Impact of transfers between stages | 507 | (423) | |
Other changes in credit quality | 73 | (256) | |
Additions and repayments | 88 | (344) | |
Methodology and model changes | 11 | 15 | |
Credit to the income statement | (1,008) | ||
Charge to the income statement | 679 | ||
Ending balance, undrawn balances and allowance for expected credit losses | 1,792 | 1,112 | 2,125 |
Stage 2 £m | Debt securities | |||
FINANCIAL ASSETS AT AMORTISED COST (Details) - Schedule of Debt Securities and Loans and Advances to Banks and Customers [Line Items] | |||
Beginning balance, undrawn balances and allowance for expected credit losses | 0 | 0 | |
Exchange and other adjustments | 0 | 0 | |
Additions and repayments | 0 | 0 | |
Impact of transfers between stages | 0 | 0 | |
Other changes in credit quality | 0 | ||
Charge to the income statement | 0 | 0 | |
Ending balance, undrawn balances and allowance for expected credit losses | 0 | 0 | 0 |
Stage 3 £m | |||
FINANCIAL ASSETS AT AMORTISED COST (Details) - Schedule of Debt Securities and Loans and Advances to Banks and Customers [Line Items] | |||
Total financial assets at amortised cost | 5,859 | 4,833 | |
Stage 3 £m | Loans and advances to banks | |||
FINANCIAL ASSETS AT AMORTISED COST (Details) - Schedule of Debt Securities and Loans and Advances to Banks and Customers [Line Items] | |||
Beginning balance, undrawn balances and allowance for expected credit losses | 0 | 0 | |
Exchange and other adjustments | 0 | 0 | |
Additions and repayments | 0 | 0 | |
Impact of transfers between stages | 0 | ||
Other changes in credit quality | 0 | 0 | |
Credit to the income statement | 0 | ||
Charge to the income statement | 0 | ||
Ending balance, undrawn balances and allowance for expected credit losses | 0 | 0 | 0 |
Stage 3 £m | Loans and advances to customers | |||
FINANCIAL ASSETS AT AMORTISED COST (Details) - Schedule of Debt Securities and Loans and Advances to Banks and Customers [Line Items] | |||
Beginning balance, undrawn balances and allowance for expected credit losses | 1,573 | 1,968 | |
Exchange and other adjustments | 43 | 5 | |
Impact of transfers between stages | 356 | 336 | |
Other changes in credit quality | 664 | 254 | |
Additions and repayments | (91) | (98) | |
Methodology and model changes | (47) | 6 | |
Charge to the income statement | 882 | 498 | |
Advances written off | (928) | (1,057) | |
Recoveries of advances written off in previous years | 182 | 159 | |
Ending balance, undrawn balances and allowance for expected credit losses | 1,752 | 1,573 | 1,968 |
Stage 3 £m | Debt securities | |||
FINANCIAL ASSETS AT AMORTISED COST (Details) - Schedule of Debt Securities and Loans and Advances to Banks and Customers [Line Items] | |||
Beginning balance, undrawn balances and allowance for expected credit losses | 1 | 1 | |
Exchange and other adjustments | 0 | 0 | |
Additions and repayments | 0 | 0 | |
Impact of transfers between stages | 0 | 0 | |
Other changes in credit quality | 0 | ||
Charge to the income statement | 0 | 0 | |
Ending balance, undrawn balances and allowance for expected credit losses | 1 | 1 | 1 |
POCI £m | |||
FINANCIAL ASSETS AT AMORTISED COST (Details) - Schedule of Debt Securities and Loans and Advances to Banks and Customers [Line Items] | |||
Total financial assets at amortised cost | 9,369 | 10,767 | |
POCI £m | Loans and advances to banks | |||
FINANCIAL ASSETS AT AMORTISED COST (Details) - Schedule of Debt Securities and Loans and Advances to Banks and Customers [Line Items] | |||
Beginning balance, undrawn balances and allowance for expected credit losses | 0 | 0 | |
Exchange and other adjustments | 0 | 0 | |
Additions and repayments | 0 | 0 | |
Other changes in credit quality | 0 | 0 | |
Credit to the income statement | 0 | ||
Charge to the income statement | 0 | ||
Ending balance, undrawn balances and allowance for expected credit losses | 0 | 0 | 0 |
POCI £m | Loans and advances to customers | |||
FINANCIAL ASSETS AT AMORTISED COST (Details) - Schedule of Debt Securities and Loans and Advances to Banks and Customers [Line Items] | |||
Beginning balance, undrawn balances and allowance for expected credit losses | 210 | 261 | |
Exchange and other adjustments | 65 | 121 | |
Other changes in credit quality | 78 | (48) | |
Additions and repayments | (58) | (87) | |
Methodology and model changes | (29) | 0 | |
Credit to the income statement | (9) | (135) | |
Advances written off | (13) | (37) | |
Recoveries of advances written off in previous years | 0 | 0 | |
Ending balance, undrawn balances and allowance for expected credit losses | 253 | 210 | 261 |
POCI £m | Debt securities | |||
FINANCIAL ASSETS AT AMORTISED COST (Details) - Schedule of Debt Securities and Loans and Advances to Banks and Customers [Line Items] | |||
Beginning balance, undrawn balances and allowance for expected credit losses | 0 | 0 | |
Exchange and other adjustments | 0 | 0 | |
Additions and repayments | 0 | 0 | |
Other changes in credit quality | 0 | ||
Charge to the income statement | 0 | 0 | |
Ending balance, undrawn balances and allowance for expected credit losses | 0 | 0 | 0 |
Loans and advances to banks | |||
FINANCIAL ASSETS AT AMORTISED COST (Details) - Schedule of Debt Securities and Loans and Advances to Banks and Customers [Line Items] | |||
Beginning balance, loans and advances to banks | 4,478 | 4,328 | |
Beginning balance, undrawn balances and allowance for expected credit losses | 0 | ||
Exchange and other adjustments | 421 | 15 | |
Additions and repayments | 3,473 | 135 | |
Impact of transfers between stages | 0 | ||
Ending balance, loans and advances to banks | 8,372 | 4,478 | 4,328 |
Ending balance, undrawn balances and allowance for expected credit losses | 9 | 0 | |
Net carrying amount | 8,363 | 4,478 | |
Loans and advances to banks | Stage 2 £m | |||
FINANCIAL ASSETS AT AMORTISED COST (Details) - Schedule of Debt Securities and Loans and Advances to Banks and Customers [Line Items] | |||
Transfers to Stage 2 | 0 | ||
Loans and advances to customers | |||
FINANCIAL ASSETS AT AMORTISED COST (Details) - Schedule of Debt Securities and Loans and Advances to Banks and Customers [Line Items] | |||
Beginning balance, loans and advances to customers | 434,633 | 431,395 | |
Beginning balance, undrawn balances and allowance for expected credit losses | 3,804 | ||
Exchange and other adjustments | (1,559) | (2,563) | |
Additions and repayments | 7,787 | 6,736 | |
Impact of transfers between stages | 0 | 0 | |
Advances written off | (941) | (1,094) | |
Recoveries of advances written off in previous years | 182 | 159 | |
Ending balance, undrawn balances and allowance for expected credit losses | 4,475 | 3,804 | |
Ending balance, loans and advances to customers | 440,102 | 434,633 | 431,395 |
Net carrying amount | 435,627 | 430,829 | |
Loans and advances to customers | Stage 1 £m | |||
FINANCIAL ASSETS AT AMORTISED COST (Details) - Schedule of Debt Securities and Loans and Advances to Banks and Customers [Line Items] | |||
Transfers to Stage 1 | 0 | 0 | |
Loans and advances to customers | Stage 2 £m | |||
FINANCIAL ASSETS AT AMORTISED COST (Details) - Schedule of Debt Securities and Loans and Advances to Banks and Customers [Line Items] | |||
Transfers to Stage 2 | 0 | 0 | |
Loans and advances to customers | Stage 3 £m | |||
FINANCIAL ASSETS AT AMORTISED COST (Details) - Schedule of Debt Securities and Loans and Advances to Banks and Customers [Line Items] | |||
Transfers to Stage 3 | 0 | 0 | |
Stage 1 £m | Loans and advances to customers | |||
FINANCIAL ASSETS AT AMORTISED COST (Details) - Schedule of Debt Securities and Loans and Advances to Banks and Customers [Line Items] | |||
Impact of transfers between stages | 0 | 0 | |
Stage 1 £m | Stage 1 £m | Loans and advances to customers | |||
FINANCIAL ASSETS AT AMORTISED COST (Details) - Schedule of Debt Securities and Loans and Advances to Banks and Customers [Line Items] | |||
Impact of transfers between stages | 176 | 562 | |
Stage 1 £m | Stage 2 £m | Loans and advances to customers | |||
FINANCIAL ASSETS AT AMORTISED COST (Details) - Schedule of Debt Securities and Loans and Advances to Banks and Customers [Line Items] | |||
Impact of transfers between stages | (167) | (551) | |
Stage 1 £m | Stage 3 £m | Loans and advances to customers | |||
FINANCIAL ASSETS AT AMORTISED COST (Details) - Schedule of Debt Securities and Loans and Advances to Banks and Customers [Line Items] | |||
Impact of transfers between stages | (9) | (11) | |
Stage 2 £m | Loans and advances to banks | |||
FINANCIAL ASSETS AT AMORTISED COST (Details) - Schedule of Debt Securities and Loans and Advances to Banks and Customers [Line Items] | |||
Impact of transfers between stages | 0 | ||
Stage 2 £m | Loans and advances to customers | |||
FINANCIAL ASSETS AT AMORTISED COST (Details) - Schedule of Debt Securities and Loans and Advances to Banks and Customers [Line Items] | |||
Impact of transfers between stages | 0 | 0 | |
Stage 2 £m | Debt securities | |||
FINANCIAL ASSETS AT AMORTISED COST (Details) - Schedule of Debt Securities and Loans and Advances to Banks and Customers [Line Items] | |||
Impact of transfers between stages | 0 | ||
Stage 2 £m | Stage 1 £m | Loans and advances to banks | |||
FINANCIAL ASSETS AT AMORTISED COST (Details) - Schedule of Debt Securities and Loans and Advances to Banks and Customers [Line Items] | |||
Impact of transfers between stages | 0 | ||
Stage 2 £m | Stage 1 £m | Loans and advances to customers | |||
FINANCIAL ASSETS AT AMORTISED COST (Details) - Schedule of Debt Securities and Loans and Advances to Banks and Customers [Line Items] | |||
Impact of transfers between stages | (66) | (48) | |
Stage 2 £m | Stage 1 £m | Debt securities | |||
FINANCIAL ASSETS AT AMORTISED COST (Details) - Schedule of Debt Securities and Loans and Advances to Banks and Customers [Line Items] | |||
Impact of transfers between stages | 0 | ||
Stage 2 £m | Stage 2 £m | Loans and advances to banks | |||
FINANCIAL ASSETS AT AMORTISED COST (Details) - Schedule of Debt Securities and Loans and Advances to Banks and Customers [Line Items] | |||
Impact of transfers between stages | 0 | ||
Stage 2 £m | Stage 2 £m | Loans and advances to customers | |||
FINANCIAL ASSETS AT AMORTISED COST (Details) - Schedule of Debt Securities and Loans and Advances to Banks and Customers [Line Items] | |||
Impact of transfers between stages | 135 | 155 | |
Stage 2 £m | Stage 2 £m | Debt securities | |||
FINANCIAL ASSETS AT AMORTISED COST (Details) - Schedule of Debt Securities and Loans and Advances to Banks and Customers [Line Items] | |||
Impact of transfers between stages | 0 | ||
Stage 2 £m | Stage 3 £m | Loans and advances to banks | |||
FINANCIAL ASSETS AT AMORTISED COST (Details) - Schedule of Debt Securities and Loans and Advances to Banks and Customers [Line Items] | |||
Impact of transfers between stages | 0 | ||
Stage 2 £m | Stage 3 £m | Loans and advances to customers | |||
FINANCIAL ASSETS AT AMORTISED COST (Details) - Schedule of Debt Securities and Loans and Advances to Banks and Customers [Line Items] | |||
Impact of transfers between stages | (69) | (107) | |
Stage 2 £m | Stage 3 £m | Debt securities | |||
FINANCIAL ASSETS AT AMORTISED COST (Details) - Schedule of Debt Securities and Loans and Advances to Banks and Customers [Line Items] | |||
Impact of transfers between stages | 0 | ||
Stage 3 £m | Loans and advances to customers | |||
FINANCIAL ASSETS AT AMORTISED COST (Details) - Schedule of Debt Securities and Loans and Advances to Banks and Customers [Line Items] | |||
Impact of transfers between stages | 0 | 0 | |
Stage 3 £m | Stage 1 £m | Loans and advances to customers | |||
FINANCIAL ASSETS AT AMORTISED COST (Details) - Schedule of Debt Securities and Loans and Advances to Banks and Customers [Line Items] | |||
Impact of transfers between stages | (8) | (13) | |
Stage 3 £m | Stage 2 £m | Loans and advances to customers | |||
FINANCIAL ASSETS AT AMORTISED COST (Details) - Schedule of Debt Securities and Loans and Advances to Banks and Customers [Line Items] | |||
Impact of transfers between stages | (158) | (220) | |
Stage 3 £m | Stage 3 £m | Loans and advances to customers | |||
FINANCIAL ASSETS AT AMORTISED COST (Details) - Schedule of Debt Securities and Loans and Advances to Banks and Customers [Line Items] | |||
Impact of transfers between stages | 166 | 233 | |
Impact of transfers between stages | Loans and advances to banks | |||
FINANCIAL ASSETS AT AMORTISED COST (Details) - Schedule of Debt Securities and Loans and Advances to Banks and Customers [Line Items] | |||
Impact of transfers between stages | 0 | ||
Impact of transfers between stages | Loans and advances to customers | |||
FINANCIAL ASSETS AT AMORTISED COST (Details) - Schedule of Debt Securities and Loans and Advances to Banks and Customers [Line Items] | |||
Impact of transfers between stages | 846 | (12) | |
Impact of transfers between stages | Debt securities | |||
FINANCIAL ASSETS AT AMORTISED COST (Details) - Schedule of Debt Securities and Loans and Advances to Banks and Customers [Line Items] | |||
Impact of transfers between stages | 0 | 0 | |
Impact of transfers between stages | Stage 1 £m | Loans and advances to banks | |||
FINANCIAL ASSETS AT AMORTISED COST (Details) - Schedule of Debt Securities and Loans and Advances to Banks and Customers [Line Items] | |||
Impact of transfers between stages | 0 | ||
Impact of transfers between stages | Stage 1 £m | Loans and advances to customers | |||
FINANCIAL ASSETS AT AMORTISED COST (Details) - Schedule of Debt Securities and Loans and Advances to Banks and Customers [Line Items] | |||
Impact of transfers between stages | (119) | (426) | |
Impact of transfers between stages | Stage 1 £m | Debt securities | |||
FINANCIAL ASSETS AT AMORTISED COST (Details) - Schedule of Debt Securities and Loans and Advances to Banks and Customers [Line Items] | |||
Impact of transfers between stages | 0 | 0 | |
Impact of transfers between stages | Stage 2 £m | Loans and advances to banks | |||
FINANCIAL ASSETS AT AMORTISED COST (Details) - Schedule of Debt Securities and Loans and Advances to Banks and Customers [Line Items] | |||
Impact of transfers between stages | 0 | ||
Impact of transfers between stages | Stage 2 £m | Loans and advances to customers | |||
FINANCIAL ASSETS AT AMORTISED COST (Details) - Schedule of Debt Securities and Loans and Advances to Banks and Customers [Line Items] | |||
Impact of transfers between stages | 697 | 193 | |
Impact of transfers between stages | Stage 2 £m | Debt securities | |||
FINANCIAL ASSETS AT AMORTISED COST (Details) - Schedule of Debt Securities and Loans and Advances to Banks and Customers [Line Items] | |||
Impact of transfers between stages | 0 | 0 | |
Impact of transfers between stages | Stage 3 £m | Loans and advances to banks | |||
FINANCIAL ASSETS AT AMORTISED COST (Details) - Schedule of Debt Securities and Loans and Advances to Banks and Customers [Line Items] | |||
Impact of transfers between stages | 0 | ||
Impact of transfers between stages | Stage 3 £m | Loans and advances to customers | |||
FINANCIAL ASSETS AT AMORTISED COST (Details) - Schedule of Debt Securities and Loans and Advances to Banks and Customers [Line Items] | |||
Impact of transfers between stages | 268 | 221 | |
Impact of transfers between stages | Stage 3 £m | Debt securities | |||
FINANCIAL ASSETS AT AMORTISED COST (Details) - Schedule of Debt Securities and Loans and Advances to Banks and Customers [Line Items] | |||
Impact of transfers between stages | 0 | 0 | |
Reverse repurchase agreements | |||
FINANCIAL ASSETS AT AMORTISED COST (Details) - Schedule of Debt Securities and Loans and Advances to Banks and Customers [Line Items] | |||
Beginning balance, undrawn balances and allowance for expected credit losses | 0 | ||
Ending balance, undrawn balances and allowance for expected credit losses | 0 | 0 | |
Ending balance, reverse repurchase agreements | 39,259 | 49,708 | |
Net carrying amount | 39,259 | 49,708 | |
Debt securities | |||
FINANCIAL ASSETS AT AMORTISED COST (Details) - Schedule of Debt Securities and Loans and Advances to Banks and Customers [Line Items] | |||
Beginning balance, debt securities | 4,564 | 5,138 | |
Beginning balance, undrawn balances and allowance for expected credit losses | 2 | ||
Exchange and other adjustments | 205 | (20) | |
Additions and repayments | 2,570 | (554) | |
Impact of transfers between stages | 0 | 0 | |
Ending balance, undrawn balances and allowance for expected credit losses | 8 | 2 | |
Ending balance, debt securities | 7,339 | 4,564 | 5,138 |
Net carrying amount | 7,331 | 4,562 | |
Debt securities | Stage 1 £m | |||
FINANCIAL ASSETS AT AMORTISED COST (Details) - Schedule of Debt Securities and Loans and Advances to Banks and Customers [Line Items] | |||
Transfers to Stage 1 | 0 | ||
Debt securities | Stage 2 £m | |||
FINANCIAL ASSETS AT AMORTISED COST (Details) - Schedule of Debt Securities and Loans and Advances to Banks and Customers [Line Items] | |||
Transfers to Stage 2 | 0 | ||
Stage 1 £m | Retail – UK mortgages | |||
FINANCIAL ASSETS AT AMORTISED COST (Details) - Schedule of Debt Securities and Loans and Advances to Banks and Customers [Line Items] | |||
Beginning balance, undrawn balances and allowance for expected credit losses | 48 | ||
Exchange and other adjustments | 0 | 0 | |
Additions and repayments | 5,268 | 19,179 | |
Impact of transfers between stages | (21,380) | 3,032 | |
Ending balance, undrawn balances and allowance for expected credit losses | 91 | 48 | |
RetailMortgages | £ 257,517 | £ 273,629 | 251,418 |
Stage 1 £m | Loans and advances to customers | |||
FINANCIAL ASSETS AT AMORTISED COST (Details) - Schedule of Debt Securities and Loans and Advances to Banks and Customers [Line Items] | |||
Drawn ECL coverage (%) | 0.20% | 0.20% | |
Stage 1 £m | Stage 1 £m | Retail – UK mortgages | |||
FINANCIAL ASSETS AT AMORTISED COST (Details) - Schedule of Debt Securities and Loans and Advances to Banks and Customers [Line Items] | |||
Transfers to Stage 1 | £ 5,107 | £ 10,109 | |
Stage 1 £m | Stage 2 £m | Retail – UK mortgages | |||
FINANCIAL ASSETS AT AMORTISED COST (Details) - Schedule of Debt Securities and Loans and Advances to Banks and Customers [Line Items] | |||
Transfers to Stage 2 | (26,043) | (6,930) | |
Stage 1 £m | Stage 3 £m | Retail – UK mortgages | |||
FINANCIAL ASSETS AT AMORTISED COST (Details) - Schedule of Debt Securities and Loans and Advances to Banks and Customers [Line Items] | |||
Transfers to Stage 3 | (444) | (147) | |
Stage 1 £m | Loans and advances to banks | |||
FINANCIAL ASSETS AT AMORTISED COST (Details) - Schedule of Debt Securities and Loans and Advances to Banks and Customers [Line Items] | |||
Beginning balance, loans and advances to banks | 4,478 | 4,328 | |
Beginning balance, undrawn balances and allowance for expected credit losses | 0 | ||
Exchange and other adjustments | 421 | 15 | |
Additions and repayments | 3,472 | 135 | |
Impact of transfers between stages | (2) | ||
Ending balance, loans and advances to banks | 8,369 | 4,478 | 4,328 |
Ending balance, undrawn balances and allowance for expected credit losses | 9 | 0 | |
Net carrying amount | 8,360 | 4,478 | |
Stage 1 £m | Loans and advances to banks | Stage 2 £m | |||
FINANCIAL ASSETS AT AMORTISED COST (Details) - Schedule of Debt Securities and Loans and Advances to Banks and Customers [Line Items] | |||
Transfers to Stage 2 | (2) | ||
Stage 1 £m | Loans and advances to customers | |||
FINANCIAL ASSETS AT AMORTISED COST (Details) - Schedule of Debt Securities and Loans and Advances to Banks and Customers [Line Items] | |||
Beginning balance, loans and advances to customers | 382,366 | 361,161 | |
Beginning balance, undrawn balances and allowance for expected credit losses | 909 | ||
Exchange and other adjustments | (1,574) | (2,518) | |
Additions and repayments | 9,769 | 17,928 | |
Impact of transfers between stages | (27,795) | 5,795 | |
Ending balance, undrawn balances and allowance for expected credit losses | 678 | 909 | |
Ending balance, loans and advances to customers | 362,766 | 382,366 | 361,161 |
Net carrying amount | 362,088 | 381,457 | |
Stage 1 £m | Loans and advances to customers | Stage 1 £m | |||
FINANCIAL ASSETS AT AMORTISED COST (Details) - Schedule of Debt Securities and Loans and Advances to Banks and Customers [Line Items] | |||
Transfers to Stage 1 | 8,329 | 18,662 | |
Stage 1 £m | Loans and advances to customers | Stage 2 £m | |||
FINANCIAL ASSETS AT AMORTISED COST (Details) - Schedule of Debt Securities and Loans and Advances to Banks and Customers [Line Items] | |||
Transfers to Stage 2 | (34,889) | (11,995) | |
Stage 1 £m | Loans and advances to customers | Stage 3 £m | |||
FINANCIAL ASSETS AT AMORTISED COST (Details) - Schedule of Debt Securities and Loans and Advances to Banks and Customers [Line Items] | |||
Transfers to Stage 3 | (1,235) | (872) | |
Stage 1 £m | Reverse repurchase agreements | |||
FINANCIAL ASSETS AT AMORTISED COST (Details) - Schedule of Debt Securities and Loans and Advances to Banks and Customers [Line Items] | |||
Beginning balance, undrawn balances and allowance for expected credit losses | 0 | ||
Ending balance, undrawn balances and allowance for expected credit losses | 0 | 0 | |
Ending balance, reverse repurchase agreements | 39,259 | 49,708 | |
Net carrying amount | 39,259 | 49,708 | |
Stage 1 £m | Debt securities | |||
FINANCIAL ASSETS AT AMORTISED COST (Details) - Schedule of Debt Securities and Loans and Advances to Banks and Customers [Line Items] | |||
Beginning balance, debt securities | 4,554 | 5,137 | |
Beginning balance, undrawn balances and allowance for expected credit losses | 1 | ||
Exchange and other adjustments | 205 | (20) | |
Additions and repayments | 2,570 | (557) | |
Impact of transfers between stages | 9 | (6) | |
Ending balance, undrawn balances and allowance for expected credit losses | 7 | 1 | |
Ending balance, debt securities | 7,338 | 4,554 | 5,137 |
Net carrying amount | 7,331 | 4,553 | |
Stage 1 £m | Debt securities | Stage 1 £m | |||
FINANCIAL ASSETS AT AMORTISED COST (Details) - Schedule of Debt Securities and Loans and Advances to Banks and Customers [Line Items] | |||
Transfers to Stage 1 | 9 | ||
Stage 1 £m | Debt securities | Stage 2 £m | |||
FINANCIAL ASSETS AT AMORTISED COST (Details) - Schedule of Debt Securities and Loans and Advances to Banks and Customers [Line Items] | |||
Transfers to Stage 2 | (6) | ||
Stage 2 £m | Retail – UK mortgages | |||
FINANCIAL ASSETS AT AMORTISED COST (Details) - Schedule of Debt Securities and Loans and Advances to Banks and Customers [Line Items] | |||
Beginning balance, undrawn balances and allowance for expected credit losses | 394 | ||
Exchange and other adjustments | 0 | 0 | |
Additions and repayments | 670 | (3,598) | |
Impact of transfers between stages | 19,315 | (3,622) | |
Ending balance, undrawn balances and allowance for expected credit losses | 552 | 394 | |
RetailMortgages | £ 41,783 | £ 21,798 | 29,018 |
Stage 2 £m | Loans and advances to customers | |||
FINANCIAL ASSETS AT AMORTISED COST (Details) - Schedule of Debt Securities and Loans and Advances to Banks and Customers [Line Items] | |||
Drawn ECL coverage (%) | 3% | 3.20% | |
Stage 2 £m | Stage 1 £m | Retail – UK mortgages | |||
FINANCIAL ASSETS AT AMORTISED COST (Details) - Schedule of Debt Securities and Loans and Advances to Banks and Customers [Line Items] | |||
Transfers to Stage 1 | £ (5,096) | £ (10,105) | |
Stage 2 £m | Stage 2 £m | Retail – UK mortgages | |||
FINANCIAL ASSETS AT AMORTISED COST (Details) - Schedule of Debt Securities and Loans and Advances to Banks and Customers [Line Items] | |||
Transfers to Stage 2 | 26,204 | 7,425 | |
Stage 2 £m | Stage 3 £m | Retail – UK mortgages | |||
FINANCIAL ASSETS AT AMORTISED COST (Details) - Schedule of Debt Securities and Loans and Advances to Banks and Customers [Line Items] | |||
Transfers to Stage 3 | (1,793) | (942) | |
Stage 2 £m | Loans and advances to banks | |||
FINANCIAL ASSETS AT AMORTISED COST (Details) - Schedule of Debt Securities and Loans and Advances to Banks and Customers [Line Items] | |||
Beginning balance, loans and advances to banks | 0 | 0 | |
Beginning balance, undrawn balances and allowance for expected credit losses | 0 | ||
Exchange and other adjustments | 0 | 0 | |
Additions and repayments | 1 | 0 | |
Impact of transfers between stages | 2 | ||
Ending balance, loans and advances to banks | 3 | 0 | 0 |
Ending balance, undrawn balances and allowance for expected credit losses | 0 | 0 | |
Net carrying amount | 3 | 0 | |
Stage 2 £m | Loans and advances to banks | Stage 2 £m | |||
FINANCIAL ASSETS AT AMORTISED COST (Details) - Schedule of Debt Securities and Loans and Advances to Banks and Customers [Line Items] | |||
Transfers to Stage 2 | 2 | ||
Stage 2 £m | Loans and advances to customers | |||
FINANCIAL ASSETS AT AMORTISED COST (Details) - Schedule of Debt Securities and Loans and Advances to Banks and Customers [Line Items] | |||
Beginning balance, loans and advances to customers | 34,884 | 51,280 | |
Beginning balance, undrawn balances and allowance for expected credit losses | 1,112 | ||
Exchange and other adjustments | 24 | (31) | |
Additions and repayments | 687 | (8,633) | |
Impact of transfers between stages | 24,508 | (7,732) | |
Ending balance, undrawn balances and allowance for expected credit losses | 1,792 | 1,112 | |
Ending balance, loans and advances to customers | 60,103 | 34,884 | 51,280 |
Net carrying amount | 58,311 | 33,772 | |
Stage 2 £m | Loans and advances to customers | Stage 1 £m | |||
FINANCIAL ASSETS AT AMORTISED COST (Details) - Schedule of Debt Securities and Loans and Advances to Banks and Customers [Line Items] | |||
Transfers to Stage 1 | (8,256) | (18,623) | |
Stage 2 £m | Loans and advances to customers | Stage 2 £m | |||
FINANCIAL ASSETS AT AMORTISED COST (Details) - Schedule of Debt Securities and Loans and Advances to Banks and Customers [Line Items] | |||
Transfers to Stage 2 | 35,291 | 12,709 | |
Stage 2 £m | Loans and advances to customers | Stage 3 £m | |||
FINANCIAL ASSETS AT AMORTISED COST (Details) - Schedule of Debt Securities and Loans and Advances to Banks and Customers [Line Items] | |||
Transfers to Stage 3 | (2,527) | (1,818) | |
Stage 2 £m | Reverse repurchase agreements | |||
FINANCIAL ASSETS AT AMORTISED COST (Details) - Schedule of Debt Securities and Loans and Advances to Banks and Customers [Line Items] | |||
Beginning balance, undrawn balances and allowance for expected credit losses | 0 | ||
Ending balance, undrawn balances and allowance for expected credit losses | 0 | 0 | |
Ending balance, reverse repurchase agreements | 0 | 0 | |
Net carrying amount | 0 | 0 | |
Stage 2 £m | Debt securities | |||
FINANCIAL ASSETS AT AMORTISED COST (Details) - Schedule of Debt Securities and Loans and Advances to Banks and Customers [Line Items] | |||
Beginning balance, debt securities | 9 | 0 | |
Beginning balance, undrawn balances and allowance for expected credit losses | 0 | ||
Exchange and other adjustments | 0 | 0 | |
Additions and repayments | 0 | 3 | |
Impact of transfers between stages | (9) | 6 | |
Ending balance, undrawn balances and allowance for expected credit losses | 0 | 0 | |
Ending balance, debt securities | 0 | 9 | 0 |
Net carrying amount | 0 | 9 | |
Stage 2 £m | Debt securities | Stage 1 £m | |||
FINANCIAL ASSETS AT AMORTISED COST (Details) - Schedule of Debt Securities and Loans and Advances to Banks and Customers [Line Items] | |||
Transfers to Stage 1 | (9) | ||
Stage 2 £m | Debt securities | Stage 2 £m | |||
FINANCIAL ASSETS AT AMORTISED COST (Details) - Schedule of Debt Securities and Loans and Advances to Banks and Customers [Line Items] | |||
Transfers to Stage 2 | 6 | ||
Stage 3 £m | Retail – UK mortgages | |||
FINANCIAL ASSETS AT AMORTISED COST (Details) - Schedule of Debt Securities and Loans and Advances to Banks and Customers [Line Items] | |||
Beginning balance, undrawn balances and allowance for expected credit losses | 184 | ||
Exchange and other adjustments | 0 | 0 | |
Additions and repayments | (585) | (490) | |
Impact of transfers between stages | 2,065 | 590 | |
Advances written off | (28) | (28) | |
Recoveries of advances written off in previous years | 24 | 9 | |
Ending balance, undrawn balances and allowance for expected credit losses | 311 | 184 | |
RetailMortgages | £ 3,416 | £ 1,940 | 1,859 |
Stage 3 £m | Loans and advances to customers | |||
FINANCIAL ASSETS AT AMORTISED COST (Details) - Schedule of Debt Securities and Loans and Advances to Banks and Customers [Line Items] | |||
Drawn ECL coverage (%) | 23% | 24.60% | |
Stage 3 £m | Stage 1 £m | Retail – UK mortgages | |||
FINANCIAL ASSETS AT AMORTISED COST (Details) - Schedule of Debt Securities and Loans and Advances to Banks and Customers [Line Items] | |||
Transfers to Stage 1 | £ (11) | £ (4) | |
Stage 3 £m | Stage 2 £m | Retail – UK mortgages | |||
FINANCIAL ASSETS AT AMORTISED COST (Details) - Schedule of Debt Securities and Loans and Advances to Banks and Customers [Line Items] | |||
Transfers to Stage 2 | (161) | (495) | |
Stage 3 £m | Stage 3 £m | Retail – UK mortgages | |||
FINANCIAL ASSETS AT AMORTISED COST (Details) - Schedule of Debt Securities and Loans and Advances to Banks and Customers [Line Items] | |||
Transfers to Stage 3 | 2,237 | 1,089 | |
Stage 3 £m | Loans and advances to banks | |||
FINANCIAL ASSETS AT AMORTISED COST (Details) - Schedule of Debt Securities and Loans and Advances to Banks and Customers [Line Items] | |||
Beginning balance, loans and advances to banks | 0 | 0 | |
Beginning balance, undrawn balances and allowance for expected credit losses | 0 | ||
Exchange and other adjustments | 0 | 0 | |
Additions and repayments | 0 | 0 | |
Impact of transfers between stages | 0 | ||
Ending balance, loans and advances to banks | 0 | 0 | 0 |
Ending balance, undrawn balances and allowance for expected credit losses | 0 | 0 | |
Net carrying amount | 0 | 0 | |
Stage 3 £m | Loans and advances to banks | Stage 2 £m | |||
FINANCIAL ASSETS AT AMORTISED COST (Details) - Schedule of Debt Securities and Loans and Advances to Banks and Customers [Line Items] | |||
Transfers to Stage 2 | 0 | ||
Stage 3 £m | Loans and advances to customers | |||
FINANCIAL ASSETS AT AMORTISED COST (Details) - Schedule of Debt Securities and Loans and Advances to Banks and Customers [Line Items] | |||
Beginning balance, loans and advances to customers | 6,406 | 6,443 | |
Beginning balance, undrawn balances and allowance for expected credit losses | 1,573 | ||
Exchange and other adjustments | (21) | (82) | |
Additions and repayments | (1,315) | (994) | |
Impact of transfers between stages | 3,287 | 1,937 | |
Advances written off | (928) | (1,057) | |
Recoveries of advances written off in previous years | 182 | 159 | |
Ending balance, undrawn balances and allowance for expected credit losses | 1,752 | 1,573 | |
Ending balance, loans and advances to customers | 7,611 | 6,406 | 6,443 |
Net carrying amount | 5,859 | 4,833 | |
Stage 3 £m | Loans and advances to customers | Stage 1 £m | |||
FINANCIAL ASSETS AT AMORTISED COST (Details) - Schedule of Debt Securities and Loans and Advances to Banks and Customers [Line Items] | |||
Transfers to Stage 1 | (73) | (39) | |
Stage 3 £m | Loans and advances to customers | Stage 2 £m | |||
FINANCIAL ASSETS AT AMORTISED COST (Details) - Schedule of Debt Securities and Loans and Advances to Banks and Customers [Line Items] | |||
Transfers to Stage 2 | (402) | (714) | |
Stage 3 £m | Loans and advances to customers | Stage 3 £m | |||
FINANCIAL ASSETS AT AMORTISED COST (Details) - Schedule of Debt Securities and Loans and Advances to Banks and Customers [Line Items] | |||
Transfers to Stage 3 | 3,762 | 2,690 | |
Stage 3 £m | Reverse repurchase agreements | |||
FINANCIAL ASSETS AT AMORTISED COST (Details) - Schedule of Debt Securities and Loans and Advances to Banks and Customers [Line Items] | |||
Beginning balance, undrawn balances and allowance for expected credit losses | 0 | ||
Ending balance, undrawn balances and allowance for expected credit losses | 0 | 0 | |
Ending balance, reverse repurchase agreements | 0 | 0 | |
Net carrying amount | 0 | 0 | |
Stage 3 £m | Debt securities | |||
FINANCIAL ASSETS AT AMORTISED COST (Details) - Schedule of Debt Securities and Loans and Advances to Banks and Customers [Line Items] | |||
Beginning balance, debt securities | 1 | 1 | |
Beginning balance, undrawn balances and allowance for expected credit losses | 1 | ||
Exchange and other adjustments | 0 | 0 | |
Additions and repayments | 0 | 0 | |
Impact of transfers between stages | 0 | 0 | |
Ending balance, undrawn balances and allowance for expected credit losses | 1 | 1 | |
Ending balance, debt securities | 1 | 1 | 1 |
Net carrying amount | 0 | 0 | |
Stage 3 £m | Debt securities | Stage 1 £m | |||
FINANCIAL ASSETS AT AMORTISED COST (Details) - Schedule of Debt Securities and Loans and Advances to Banks and Customers [Line Items] | |||
Transfers to Stage 1 | 0 | ||
Stage 3 £m | Debt securities | Stage 2 £m | |||
FINANCIAL ASSETS AT AMORTISED COST (Details) - Schedule of Debt Securities and Loans and Advances to Banks and Customers [Line Items] | |||
Transfers to Stage 2 | 0 | ||
POCI £m | Retail – UK mortgages | |||
FINANCIAL ASSETS AT AMORTISED COST (Details) - Schedule of Debt Securities and Loans and Advances to Banks and Customers [Line Items] | |||
Beginning balance, undrawn balances and allowance for expected credit losses | 210 | ||
Exchange and other adjustments | 12 | 68 | |
Additions and repayments | (1,354) | (1,565) | |
Advances written off | (13) | (37) | |
Recoveries of advances written off in previous years | 0 | 0 | |
Ending balance, undrawn balances and allowance for expected credit losses | 253 | 210 | |
RetailMortgages | £ 9,622 | £ 10,977 | 12,511 |
POCI £m | Loans and advances to customers | |||
FINANCIAL ASSETS AT AMORTISED COST (Details) - Schedule of Debt Securities and Loans and Advances to Banks and Customers [Line Items] | |||
Drawn ECL coverage (%) | 2.60% | 1.90% | |
POCI £m | Loans and advances to banks | |||
FINANCIAL ASSETS AT AMORTISED COST (Details) - Schedule of Debt Securities and Loans and Advances to Banks and Customers [Line Items] | |||
Beginning balance, loans and advances to banks | £ 0 | £ 0 | |
Beginning balance, undrawn balances and allowance for expected credit losses | 0 | ||
Exchange and other adjustments | 0 | 0 | |
Additions and repayments | 0 | 0 | |
Ending balance, loans and advances to banks | 0 | 0 | 0 |
Ending balance, undrawn balances and allowance for expected credit losses | 0 | 0 | |
Net carrying amount | 0 | 0 | |
POCI £m | Loans and advances to customers | |||
FINANCIAL ASSETS AT AMORTISED COST (Details) - Schedule of Debt Securities and Loans and Advances to Banks and Customers [Line Items] | |||
Beginning balance, loans and advances to customers | 10,977 | 12,511 | |
Beginning balance, undrawn balances and allowance for expected credit losses | 210 | ||
Exchange and other adjustments | 12 | 68 | |
Additions and repayments | (1,354) | (1,565) | |
Advances written off | (13) | (37) | |
Recoveries of advances written off in previous years | 0 | 0 | |
Ending balance, undrawn balances and allowance for expected credit losses | 253 | 210 | |
Ending balance, loans and advances to customers | 9,622 | 10,977 | 12,511 |
Net carrying amount | 9,369 | 10,767 | |
POCI £m | Reverse repurchase agreements | |||
FINANCIAL ASSETS AT AMORTISED COST (Details) - Schedule of Debt Securities and Loans and Advances to Banks and Customers [Line Items] | |||
Beginning balance, undrawn balances and allowance for expected credit losses | 0 | ||
Ending balance, undrawn balances and allowance for expected credit losses | 0 | 0 | |
Ending balance, reverse repurchase agreements | 0 | 0 | |
Net carrying amount | 0 | 0 | |
POCI £m | Debt securities | |||
FINANCIAL ASSETS AT AMORTISED COST (Details) - Schedule of Debt Securities and Loans and Advances to Banks and Customers [Line Items] | |||
Beginning balance, debt securities | 0 | 0 | |
Beginning balance, undrawn balances and allowance for expected credit losses | 0 | ||
Exchange and other adjustments | 0 | 0 | |
Additions and repayments | 0 | 0 | |
Impact of transfers between stages | 0 | ||
Ending balance, undrawn balances and allowance for expected credit losses | 0 | 0 | |
Ending balance, debt securities | 0 | 0 | 0 |
Net carrying amount | 0 | 0 | |
POCI £m | Debt securities | Stage 2 £m | |||
FINANCIAL ASSETS AT AMORTISED COST (Details) - Schedule of Debt Securities and Loans and Advances to Banks and Customers [Line Items] | |||
Transfers to Stage 2 | 0 | ||
Due from fellow Lloyds Banking Group undertakings | |||
FINANCIAL ASSETS AT AMORTISED COST (Details) - Schedule of Debt Securities and Loans and Advances to Banks and Customers [Line Items] | |||
Beginning balance, undrawn balances and allowance for expected credit losses | 0 | ||
Ending balance, undrawn balances and allowance for expected credit losses | 0 | 0 | |
Due from fellow Lloyds Banking Group undertakings | 816 | 739 | |
Net carrying amount | 816 | 739 | |
Due from fellow Lloyds Banking Group undertakings | Stage 1 £m | |||
FINANCIAL ASSETS AT AMORTISED COST (Details) - Schedule of Debt Securities and Loans and Advances to Banks and Customers [Line Items] | |||
Beginning balance, undrawn balances and allowance for expected credit losses | 0 | ||
Ending balance, undrawn balances and allowance for expected credit losses | 0 | 0 | |
Due from fellow Lloyds Banking Group undertakings | 816 | 739 | |
Net carrying amount | 816 | 739 | |
Due from fellow Lloyds Banking Group undertakings | Stage 2 £m | |||
FINANCIAL ASSETS AT AMORTISED COST (Details) - Schedule of Debt Securities and Loans and Advances to Banks and Customers [Line Items] | |||
Beginning balance, undrawn balances and allowance for expected credit losses | 0 | ||
Ending balance, undrawn balances and allowance for expected credit losses | 0 | 0 | |
Due from fellow Lloyds Banking Group undertakings | 0 | 0 | |
Net carrying amount | 0 | 0 | |
Due from fellow Lloyds Banking Group undertakings | Stage 3 £m | |||
FINANCIAL ASSETS AT AMORTISED COST (Details) - Schedule of Debt Securities and Loans and Advances to Banks and Customers [Line Items] | |||
Beginning balance, undrawn balances and allowance for expected credit losses | 0 | ||
Ending balance, undrawn balances and allowance for expected credit losses | 0 | 0 | |
Due from fellow Lloyds Banking Group undertakings | 0 | 0 | |
Net carrying amount | 0 | 0 | |
Due from fellow Lloyds Banking Group undertakings | POCI £m | |||
FINANCIAL ASSETS AT AMORTISED COST (Details) - Schedule of Debt Securities and Loans and Advances to Banks and Customers [Line Items] | |||
Beginning balance, undrawn balances and allowance for expected credit losses | 0 | ||
Ending balance, undrawn balances and allowance for expected credit losses | 0 | 0 | |
Due from fellow Lloyds Banking Group undertakings | 0 | 0 | |
Net carrying amount | 0 | 0 | |
Retail – UK mortgages | |||
FINANCIAL ASSETS AT AMORTISED COST (Details) - Schedule of Debt Securities and Loans and Advances to Banks and Customers [Line Items] | |||
Beginning balance, undrawn balances and allowance for expected credit losses | 836 | ||
Exchange and other adjustments | 68 | ||
Additions and repayments | 13,526 | ||
Advances written off | (65) | ||
Recoveries of advances written off in previous years | 9 | ||
Ending balance, undrawn balances and allowance for expected credit losses | 1,207 | 836 | |
RetailMortgages | 312,338 | 308,344 | £ 294,806 |
Retail – UK mortgages | Retail – UK mortgages | |||
FINANCIAL ASSETS AT AMORTISED COST (Details) - Schedule of Debt Securities and Loans and Advances to Banks and Customers [Line Items] | |||
Additions and repayments | 3,999 | ||
Advances written off | (41) | ||
Recoveries of advances written off in previous years | 24 | ||
Retail – UK mortgages | Retail – UK mortgages | |||
FINANCIAL ASSETS AT AMORTISED COST (Details) - Schedule of Debt Securities and Loans and Advances to Banks and Customers [Line Items] | |||
Exchange and other adjustments | 12 | ||
Impact of transfers between stages | 0 | ||
RetailMortgages | £ 308,344 | ||
Retail – UK mortgages | Retail – UK mortgages | Stage 1 £m | |||
FINANCIAL ASSETS AT AMORTISED COST (Details) - Schedule of Debt Securities and Loans and Advances to Banks and Customers [Line Items] | |||
Transfers to Stage 1 | 0 | ||
Retail – UK mortgages | Retail – UK mortgages | Stage 2 £m | |||
FINANCIAL ASSETS AT AMORTISED COST (Details) - Schedule of Debt Securities and Loans and Advances to Banks and Customers [Line Items] | |||
Transfers to Stage 2 | 0 | ||
Retail – UK mortgages | Retail – UK mortgages | Stage 3 £m | |||
FINANCIAL ASSETS AT AMORTISED COST (Details) - Schedule of Debt Securities and Loans and Advances to Banks and Customers [Line Items] | |||
Transfers to Stage 3 | £ 0 |
FINANCIAL ASSETS AT AMORTISED_4
FINANCIAL ASSETS AT AMORTISED COST - Narrative (Details) - GBP (£) £ in Millions | Dec. 31, 2022 | Dec. 31, 2021 |
FINANCIAL ASSETS AT AMORTISED COST (Details) -Narrative [Line Items] | ||
Allowance account for credit losses of financial assets | £ 4,796 | £ 4,000 |
Loans and advances to banks | 8,363 | 4,478 |
Loans and advances to customers | 435,627 | 430,829 |
1 year or over original maturity | ||
FINANCIAL ASSETS AT AMORTISED COST (Details) -Narrative [Line Items] | ||
Loans and advances to banks | 1,320 | 2,186 |
Loans and advances to customers | 389,517 | 384,766 |
Debt securities | 6,794 | 3,042 |
Residual value and voluntary terminations | ||
FINANCIAL ASSETS AT AMORTISED COST (Details) -Narrative [Line Items] | ||
Allowance account for credit losses of financial assets | £ 92 | £ 95 |
FINANCIAL ASSETS AT AMORTISED_5
FINANCIAL ASSETS AT AMORTISED COST - Schedule of Retail Mortgages (Details) - GBP (£) £ in Millions | 12 Months Ended | ||
Dec. 31, 2022 | Dec. 31, 2021 | Dec. 31, 2020 | |
FINANCIAL ASSETS AT AMORTISED COST (Details) -Narrative [Line Items] | |||
Allowance for impairment losses | £ (4,796) | £ (4,000) | |
Exchange and other adjustments | (91) | 19 | £ 0 |
Impact of transfers between stages | 907 | (61) | 1,456 |
Other changes in credit quality | 547 | (416) | 2,246 |
Additions and repayments | (62) | 794 | (168) |
Methodology and model changes | (63) | (42) | 165 |
Retail – UK mortgages | |||
FINANCIAL ASSETS AT AMORTISED COST (Details) -Narrative [Line Items] | |||
Allowance for impairment losses | (1,207) | (836) | (1,024) |
Exchange and other adjustments | 93 | 139 | |
Impact of transfers between stages | 327 | 74 | |
Other changes in credit quality | 159 | (124) | |
Additions and repayments | (95) | (164) | |
Methodology and model changes | (96) | (57) | |
Charge to the income statement | 295 | ||
Credit to the income statement | (271) | ||
Advances written off | (41) | (65) | |
Recoveries of advances written off in previous years | £ 24 | £ 9 | |
Drawn ECL coverage (%) | 0.40% | 0.30% | |
Retail – UK mortgages | Stage 1 £m | |||
FINANCIAL ASSETS AT AMORTISED COST (Details) -Narrative [Line Items] | |||
Impact of transfers between stages | £ 0 | £ 0 | |
Retail – UK mortgages | Stage 2 £m | |||
FINANCIAL ASSETS AT AMORTISED COST (Details) -Narrative [Line Items] | |||
Impact of transfers between stages | 0 | 0 | |
Retail – UK mortgages | Stage 3 £m | |||
FINANCIAL ASSETS AT AMORTISED COST (Details) -Narrative [Line Items] | |||
Impact of transfers between stages | 0 | 0 | |
Retail – UK mortgages | Impact of transfers between stages | |||
FINANCIAL ASSETS AT AMORTISED COST (Details) -Narrative [Line Items] | |||
Impact of transfers between stages | 327 | 74 | |
Retail – UK mortgages | Stage 1 £m | |||
FINANCIAL ASSETS AT AMORTISED COST (Details) -Narrative [Line Items] | |||
Allowance for impairment losses | (91) | (48) | (104) |
Exchange and other adjustments | 0 | 0 | |
Impact of transfers between stages | (11) | 3 | |
Other changes in credit quality | 36 | (14) | |
Additions and repayments | 18 | 8 | |
Methodology and model changes | 0 | (53) | |
Charge to the income statement | 43 | ||
Credit to the income statement | (56) | ||
Retail – UK mortgages | Stage 1 £m | Stage 1 £m | |||
FINANCIAL ASSETS AT AMORTISED COST (Details) -Narrative [Line Items] | |||
Impact of transfers between stages | 28 | 66 | |
Retail – UK mortgages | Stage 1 £m | Stage 2 £m | |||
FINANCIAL ASSETS AT AMORTISED COST (Details) -Narrative [Line Items] | |||
Impact of transfers between stages | (14) | (5) | |
Retail – UK mortgages | Stage 1 £m | Stage 3 £m | |||
FINANCIAL ASSETS AT AMORTISED COST (Details) -Narrative [Line Items] | |||
Impact of transfers between stages | 0 | 0 | |
Retail – UK mortgages | Stage 1 £m | Impact of transfers between stages | |||
FINANCIAL ASSETS AT AMORTISED COST (Details) -Narrative [Line Items] | |||
Impact of transfers between stages | (25) | (58) | |
Retail – UK mortgages | Stage 2 £m | |||
FINANCIAL ASSETS AT AMORTISED COST (Details) -Narrative [Line Items] | |||
Allowance for impairment losses | (552) | (394) | (468) |
Exchange and other adjustments | 0 | 0 | |
Impact of transfers between stages | 189 | 20 | |
Other changes in credit quality | (9) | (32) | |
Additions and repayments | (10) | (52) | |
Methodology and model changes | (12) | (10) | |
Charge to the income statement | 158 | ||
Credit to the income statement | (74) | ||
Retail – UK mortgages | Stage 2 £m | Stage 1 £m | |||
FINANCIAL ASSETS AT AMORTISED COST (Details) -Narrative [Line Items] | |||
Impact of transfers between stages | (27) | (66) | |
Retail – UK mortgages | Stage 2 £m | Stage 2 £m | |||
FINANCIAL ASSETS AT AMORTISED COST (Details) -Narrative [Line Items] | |||
Impact of transfers between stages | 25 | 37 | |
Retail – UK mortgages | Stage 2 £m | Stage 3 £m | |||
FINANCIAL ASSETS AT AMORTISED COST (Details) -Narrative [Line Items] | |||
Impact of transfers between stages | (63) | (35) | |
Retail – UK mortgages | Stage 2 £m | Impact of transfers between stages | |||
FINANCIAL ASSETS AT AMORTISED COST (Details) -Narrative [Line Items] | |||
Impact of transfers between stages | 254 | 84 | |
Retail – UK mortgages | Stage 3 £m | |||
FINANCIAL ASSETS AT AMORTISED COST (Details) -Narrative [Line Items] | |||
Allowance for impairment losses | (311) | (184) | (191) |
Exchange and other adjustments | 28 | 18 | |
Impact of transfers between stages | 149 | 51 | |
Other changes in credit quality | 54 | (30) | |
Additions and repayments | (45) | (33) | |
Methodology and model changes | (55) | 6 | |
Charge to the income statement | 103 | ||
Credit to the income statement | (6) | ||
Advances written off | (28) | (28) | |
Recoveries of advances written off in previous years | 24 | 9 | |
Retail – UK mortgages | Stage 3 £m | Stage 1 £m | |||
FINANCIAL ASSETS AT AMORTISED COST (Details) -Narrative [Line Items] | |||
Impact of transfers between stages | (1) | 0 | |
Retail – UK mortgages | Stage 3 £m | Stage 2 £m | |||
FINANCIAL ASSETS AT AMORTISED COST (Details) -Narrative [Line Items] | |||
Impact of transfers between stages | (11) | (32) | |
Retail – UK mortgages | Stage 3 £m | Stage 3 £m | |||
FINANCIAL ASSETS AT AMORTISED COST (Details) -Narrative [Line Items] | |||
Impact of transfers between stages | 63 | 35 | |
Retail – UK mortgages | Stage 3 £m | Impact of transfers between stages | |||
FINANCIAL ASSETS AT AMORTISED COST (Details) -Narrative [Line Items] | |||
Impact of transfers between stages | 98 | 48 | |
Retail – UK mortgages | POCI £m | |||
FINANCIAL ASSETS AT AMORTISED COST (Details) -Narrative [Line Items] | |||
Allowance for impairment losses | (253) | (210) | (261) |
Exchange and other adjustments | 65 | 121 | |
Other changes in credit quality | 78 | (48) | |
Additions and repayments | (58) | (87) | |
Methodology and model changes | (29) | 0 | |
Credit to the income statement | (9) | (135) | |
Advances written off | (13) | (37) | |
Recoveries of advances written off in previous years | 0 | 0 | |
Loans and advances to customers | |||
FINANCIAL ASSETS AT AMORTISED COST (Details) -Narrative [Line Items] | |||
Allowance for impairment losses | (4,475) | (3,804) | (5,701) |
Exchange and other adjustments | 110 | 119 | |
Impact of transfers between stages | 846 | (12) | |
Other changes in credit quality | 501 | (289) | |
Additions and repayments | 36 | (738) | |
Methodology and model changes | (63) | (42) | |
Charge to the income statement | 1,320 | ||
Credit to the income statement | (1,081) | ||
Advances written off | (941) | (1,094) | |
Recoveries of advances written off in previous years | £ 182 | £ 159 | |
Drawn ECL coverage (%) | 1% | 0.90% | |
Loans and advances to customers | Stage 1 £m | |||
FINANCIAL ASSETS AT AMORTISED COST (Details) -Narrative [Line Items] | |||
Impact of transfers between stages | £ 0 | £ 0 | |
Loans and advances to customers | Stage 2 £m | |||
FINANCIAL ASSETS AT AMORTISED COST (Details) -Narrative [Line Items] | |||
Impact of transfers between stages | 0 | 0 | |
Loans and advances to customers | Stage 3 £m | |||
FINANCIAL ASSETS AT AMORTISED COST (Details) -Narrative [Line Items] | |||
Impact of transfers between stages | 0 | 0 | |
Loans and advances to customers | Impact of transfers between stages | |||
FINANCIAL ASSETS AT AMORTISED COST (Details) -Narrative [Line Items] | |||
Impact of transfers between stages | 846 | (12) | |
Loans and advances to customers | Stage 1 £m | |||
FINANCIAL ASSETS AT AMORTISED COST (Details) -Narrative [Line Items] | |||
Allowance for impairment losses | (678) | (909) | (1,347) |
Exchange and other adjustments | 1 | (2) | |
Impact of transfers between stages | (17) | 75 | |
Other changes in credit quality | (314) | (239) | |
Additions and repayments | 97 | (209) | |
Methodology and model changes | 2 | (63) | |
Credit to the income statement | (232) | (436) | |
Loans and advances to customers | Stage 1 £m | Stage 1 £m | |||
FINANCIAL ASSETS AT AMORTISED COST (Details) -Narrative [Line Items] | |||
Impact of transfers between stages | 176 | 562 | |
Loans and advances to customers | Stage 1 £m | Stage 2 £m | |||
FINANCIAL ASSETS AT AMORTISED COST (Details) -Narrative [Line Items] | |||
Impact of transfers between stages | (66) | (48) | |
Loans and advances to customers | Stage 1 £m | Stage 3 £m | |||
FINANCIAL ASSETS AT AMORTISED COST (Details) -Narrative [Line Items] | |||
Impact of transfers between stages | (8) | (13) | |
Loans and advances to customers | Stage 1 £m | Impact of transfers between stages | |||
FINANCIAL ASSETS AT AMORTISED COST (Details) -Narrative [Line Items] | |||
Impact of transfers between stages | (119) | (426) | |
Loans and advances to customers | Stage 2 £m | |||
FINANCIAL ASSETS AT AMORTISED COST (Details) -Narrative [Line Items] | |||
Allowance for impairment losses | (1,792) | (1,112) | (2,125) |
Exchange and other adjustments | 1 | (5) | |
Impact of transfers between stages | 507 | (423) | |
Other changes in credit quality | 73 | (256) | |
Additions and repayments | 88 | (344) | |
Methodology and model changes | 11 | 15 | |
Charge to the income statement | 679 | ||
Credit to the income statement | (1,008) | ||
Loans and advances to customers | Stage 2 £m | Stage 1 £m | |||
FINANCIAL ASSETS AT AMORTISED COST (Details) -Narrative [Line Items] | |||
Impact of transfers between stages | (167) | (551) | |
Loans and advances to customers | Stage 2 £m | Stage 2 £m | |||
FINANCIAL ASSETS AT AMORTISED COST (Details) -Narrative [Line Items] | |||
Impact of transfers between stages | 135 | 155 | |
Loans and advances to customers | Stage 2 £m | Stage 3 £m | |||
FINANCIAL ASSETS AT AMORTISED COST (Details) -Narrative [Line Items] | |||
Impact of transfers between stages | (158) | (220) | |
Loans and advances to customers | Stage 2 £m | Impact of transfers between stages | |||
FINANCIAL ASSETS AT AMORTISED COST (Details) -Narrative [Line Items] | |||
Impact of transfers between stages | 697 | 193 | |
Loans and advances to customers | Stage 3 £m | |||
FINANCIAL ASSETS AT AMORTISED COST (Details) -Narrative [Line Items] | |||
Allowance for impairment losses | (1,752) | (1,573) | (1,968) |
Exchange and other adjustments | 43 | 5 | |
Impact of transfers between stages | 356 | 336 | |
Other changes in credit quality | 664 | 254 | |
Additions and repayments | (91) | (98) | |
Methodology and model changes | (47) | 6 | |
Charge to the income statement | 882 | 498 | |
Advances written off | (928) | (1,057) | |
Recoveries of advances written off in previous years | 182 | 159 | |
Loans and advances to customers | Stage 3 £m | Stage 1 £m | |||
FINANCIAL ASSETS AT AMORTISED COST (Details) -Narrative [Line Items] | |||
Impact of transfers between stages | (9) | (11) | |
Loans and advances to customers | Stage 3 £m | Stage 2 £m | |||
FINANCIAL ASSETS AT AMORTISED COST (Details) -Narrative [Line Items] | |||
Impact of transfers between stages | (69) | (107) | |
Loans and advances to customers | Stage 3 £m | Stage 3 £m | |||
FINANCIAL ASSETS AT AMORTISED COST (Details) -Narrative [Line Items] | |||
Impact of transfers between stages | 166 | 233 | |
Loans and advances to customers | Stage 3 £m | Impact of transfers between stages | |||
FINANCIAL ASSETS AT AMORTISED COST (Details) -Narrative [Line Items] | |||
Impact of transfers between stages | 268 | 221 | |
Loans and advances to customers | POCI £m | |||
FINANCIAL ASSETS AT AMORTISED COST (Details) -Narrative [Line Items] | |||
Allowance for impairment losses | (253) | (210) | (261) |
Exchange and other adjustments | 65 | 121 | |
Other changes in credit quality | 78 | (48) | |
Additions and repayments | (58) | (87) | |
Methodology and model changes | (29) | 0 | |
Credit to the income statement | (9) | (135) | |
Advances written off | (13) | (37) | |
Recoveries of advances written off in previous years | £ 0 | £ 0 | |
Stage 1 £m | Retail – UK mortgages | |||
FINANCIAL ASSETS AT AMORTISED COST (Details) -Narrative [Line Items] | |||
Drawn ECL coverage (%) | 0% | 0% | |
Stage 1 £m | Loans and advances to customers | |||
FINANCIAL ASSETS AT AMORTISED COST (Details) -Narrative [Line Items] | |||
Drawn ECL coverage (%) | 0.20% | 0.20% | |
Stage 2 £m | Retail – UK mortgages | |||
FINANCIAL ASSETS AT AMORTISED COST (Details) -Narrative [Line Items] | |||
Drawn ECL coverage (%) | 1.30% | 1.80% | |
Stage 2 £m | Loans and advances to customers | |||
FINANCIAL ASSETS AT AMORTISED COST (Details) -Narrative [Line Items] | |||
Drawn ECL coverage (%) | 3% | 3.20% | |
Stage 3 £m | Retail – UK mortgages | |||
FINANCIAL ASSETS AT AMORTISED COST (Details) -Narrative [Line Items] | |||
Drawn ECL coverage (%) | 9.10% | 9.50% | |
Stage 3 £m | Loans and advances to customers | |||
FINANCIAL ASSETS AT AMORTISED COST (Details) -Narrative [Line Items] | |||
Drawn ECL coverage (%) | 23% | 24.60% | |
POCI £m | Retail – UK mortgages | |||
FINANCIAL ASSETS AT AMORTISED COST (Details) -Narrative [Line Items] | |||
Drawn ECL coverage (%) | 2.60% | 1.90% | |
POCI £m | Loans and advances to customers | |||
FINANCIAL ASSETS AT AMORTISED COST (Details) -Narrative [Line Items] | |||
Drawn ECL coverage (%) | 2.60% | 1.90% | |
Retail – UK mortgages | |||
FINANCIAL ASSETS AT AMORTISED COST (Details) -Narrative [Line Items] | |||
Beginning balance, retail mortgages | £ 308,344 | £ 294,806 | |
Allowance for impairment losses | (1,207) | (836) | |
Exchange and other adjustments | 68 | ||
Additions and repayments | 13,526 | ||
Advances written off | (65) | ||
Recoveries of advances written off in previous years | 9 | ||
Ending balance, retail mortgages | 312,338 | 308,344 | 294,806 |
Net carrying amount | 311,131 | 307,508 | |
Retail – UK mortgages | |||
FINANCIAL ASSETS AT AMORTISED COST (Details) -Narrative [Line Items] | |||
Transfers to Stage 1 | 0 | ||
Impact of transfers between stages | 0 | ||
Transfers to Stage 2 | 0 | ||
Transfers to Stage 3 | 0 | ||
Retail – UK mortgages | Stage 1 £m | |||
FINANCIAL ASSETS AT AMORTISED COST (Details) -Narrative [Line Items] | |||
Beginning balance, retail mortgages | 273,629 | 251,418 | |
Allowance for impairment losses | (91) | (48) | |
Exchange and other adjustments | 0 | 0 | |
Impact of transfers between stages | (21,380) | 3,032 | |
Additions and repayments | 5,268 | 19,179 | |
Ending balance, retail mortgages | 257,517 | 273,629 | 251,418 |
Net carrying amount | 257,426 | 273,581 | |
Retail – UK mortgages | Stage 1 £m | Stage 1 £m | |||
FINANCIAL ASSETS AT AMORTISED COST (Details) -Narrative [Line Items] | |||
Transfers to Stage 1 | 5,107 | 10,109 | |
Retail – UK mortgages | Stage 1 £m | Stage 2 £m | |||
FINANCIAL ASSETS AT AMORTISED COST (Details) -Narrative [Line Items] | |||
Transfers to Stage 2 | (26,043) | (6,930) | |
Retail – UK mortgages | Stage 1 £m | Stage 3 £m | |||
FINANCIAL ASSETS AT AMORTISED COST (Details) -Narrative [Line Items] | |||
Transfers to Stage 3 | (444) | (147) | |
Retail – UK mortgages | Stage 2 £m | |||
FINANCIAL ASSETS AT AMORTISED COST (Details) -Narrative [Line Items] | |||
Beginning balance, retail mortgages | 21,798 | 29,018 | |
Allowance for impairment losses | (552) | (394) | |
Exchange and other adjustments | 0 | 0 | |
Impact of transfers between stages | 19,315 | (3,622) | |
Additions and repayments | 670 | (3,598) | |
Ending balance, retail mortgages | 41,783 | 21,798 | 29,018 |
Net carrying amount | 41,231 | 21,404 | |
Retail – UK mortgages | Stage 2 £m | Stage 1 £m | |||
FINANCIAL ASSETS AT AMORTISED COST (Details) -Narrative [Line Items] | |||
Transfers to Stage 1 | (5,096) | (10,105) | |
Retail – UK mortgages | Stage 2 £m | Stage 2 £m | |||
FINANCIAL ASSETS AT AMORTISED COST (Details) -Narrative [Line Items] | |||
Transfers to Stage 2 | 26,204 | 7,425 | |
Retail – UK mortgages | Stage 2 £m | Stage 3 £m | |||
FINANCIAL ASSETS AT AMORTISED COST (Details) -Narrative [Line Items] | |||
Transfers to Stage 3 | (1,793) | (942) | |
Retail – UK mortgages | Stage 3 £m | |||
FINANCIAL ASSETS AT AMORTISED COST (Details) -Narrative [Line Items] | |||
Beginning balance, retail mortgages | 1,940 | 1,859 | |
Allowance for impairment losses | (311) | (184) | |
Exchange and other adjustments | 0 | 0 | |
Impact of transfers between stages | 2,065 | 590 | |
Additions and repayments | (585) | (490) | |
Advances written off | (28) | (28) | |
Recoveries of advances written off in previous years | 24 | 9 | |
Ending balance, retail mortgages | 3,416 | 1,940 | 1,859 |
Net carrying amount | 3,105 | 1,756 | |
Retail – UK mortgages | Stage 3 £m | Stage 1 £m | |||
FINANCIAL ASSETS AT AMORTISED COST (Details) -Narrative [Line Items] | |||
Transfers to Stage 1 | (11) | (4) | |
Retail – UK mortgages | Stage 3 £m | Stage 2 £m | |||
FINANCIAL ASSETS AT AMORTISED COST (Details) -Narrative [Line Items] | |||
Transfers to Stage 2 | (161) | (495) | |
Retail – UK mortgages | Stage 3 £m | Stage 3 £m | |||
FINANCIAL ASSETS AT AMORTISED COST (Details) -Narrative [Line Items] | |||
Transfers to Stage 3 | 2,237 | 1,089 | |
Retail – UK mortgages | POCI £m | |||
FINANCIAL ASSETS AT AMORTISED COST (Details) -Narrative [Line Items] | |||
Beginning balance, retail mortgages | 10,977 | 12,511 | |
Allowance for impairment losses | (253) | (210) | |
Exchange and other adjustments | 12 | 68 | |
Additions and repayments | (1,354) | (1,565) | |
Advances written off | (13) | (37) | |
Recoveries of advances written off in previous years | 0 | 0 | |
Ending balance, retail mortgages | 9,622 | 10,977 | £ 12,511 |
Net carrying amount | 9,369 | £ 10,767 | |
Retail – UK mortgages | Retail – UK mortgages | |||
FINANCIAL ASSETS AT AMORTISED COST (Details) -Narrative [Line Items] | |||
Additions and repayments | 3,999 | ||
Advances written off | (41) | ||
Recoveries of advances written off in previous years | £ 24 |
FINANCIAL ASSETS AT AMORTISED_6
FINANCIAL ASSETS AT AMORTISED COST - Schedule of Undrawn Balances (Details) - GBP (£) £ in Millions | 12 Months Ended | ||
Dec. 31, 2022 | Dec. 31, 2021 | Dec. 31, 2020 | |
ALLOWANCE FOR IMPAIRMENT LOSSES (Details) - Schedule of Movement in the Allowance for Impairment Losses [Line Items] | |||
Beginning balance, undrawn balances and allowance for expected credit losses | £ 4,000 | ||
Impact of transfers between stages | 907 | £ (61) | £ 1,456 |
Other items taken to the income statement | (1) | (5) | 25 |
Ending balance, undrawn balances and allowance for expected credit losses | 4,796 | 4,000 | |
Undrawn balances | |||
ALLOWANCE FOR IMPAIRMENT LOSSES (Details) - Schedule of Movement in the Allowance for Impairment Losses [Line Items] | |||
Beginning balance, undrawn balances and allowance for expected credit losses | 194 | 426 | |
Exchange and other adjustments | (1) | (1) | |
Transfers to Stage 1 | 0 | 0 | |
Transfers to Stage 2 | 0 | 0 | |
Transfers to Stage 3 | 0 | 0 | |
Impact of transfers between stages | 61 | (49) | |
Transfer between stages | 61 | (49) | |
Other items taken to the income statement | 50 | (182) | |
Charge to the income statement | 111 | ||
Credit to the income statement | (231) | ||
Ending balance, undrawn balances and allowance for expected credit losses | 304 | 194 | 426 |
Stage 1 £m | Undrawn balances | |||
ALLOWANCE FOR IMPAIRMENT LOSSES (Details) - Schedule of Movement in the Allowance for Impairment Losses [Line Items] | |||
Beginning balance, undrawn balances and allowance for expected credit losses | 103 | 191 | |
Exchange and other adjustments | (1) | 1 | |
Transfers to Stage 1 | 19 | 73 | |
Transfers to Stage 2 | (8) | (8) | |
Transfers to Stage 3 | (1) | (1) | |
Impact of transfers between stages | (16) | (65) | |
Transfer between stages | (6) | (1) | |
Other items taken to the income statement | 26 | (88) | |
Charge to the income statement | 20 | ||
Credit to the income statement | (89) | ||
Ending balance, undrawn balances and allowance for expected credit losses | 122 | 103 | 191 |
Stage 2 £m | Undrawn balances | |||
ALLOWANCE FOR IMPAIRMENT LOSSES (Details) - Schedule of Movement in the Allowance for Impairment Losses [Line Items] | |||
Beginning balance, undrawn balances and allowance for expected credit losses | 86 | 221 | |
Exchange and other adjustments | 0 | (2) | |
Transfers to Stage 1 | (19) | (73) | |
Transfers to Stage 2 | 9 | 8 | |
Transfers to Stage 3 | (2) | (6) | |
Impact of transfers between stages | 78 | 20 | |
Transfer between stages | 66 | (51) | |
Other items taken to the income statement | 26 | (82) | |
Charge to the income statement | 92 | ||
Credit to the income statement | (133) | ||
Ending balance, undrawn balances and allowance for expected credit losses | 178 | 86 | 221 |
Stage 3 £m | Undrawn balances | |||
ALLOWANCE FOR IMPAIRMENT LOSSES (Details) - Schedule of Movement in the Allowance for Impairment Losses [Line Items] | |||
Beginning balance, undrawn balances and allowance for expected credit losses | 5 | 14 | |
Exchange and other adjustments | 0 | 0 | |
Transfers to Stage 1 | 0 | 0 | |
Transfers to Stage 2 | (1) | 0 | |
Transfers to Stage 3 | 3 | 7 | |
Impact of transfers between stages | (1) | (4) | |
Transfer between stages | 1 | 3 | |
Other items taken to the income statement | (2) | (12) | |
Credit to the income statement | (1) | (9) | |
Ending balance, undrawn balances and allowance for expected credit losses | 4 | 5 | 14 |
POCI £m | Undrawn balances | |||
ALLOWANCE FOR IMPAIRMENT LOSSES (Details) - Schedule of Movement in the Allowance for Impairment Losses [Line Items] | |||
Beginning balance, undrawn balances and allowance for expected credit losses | 0 | 0 | |
Exchange and other adjustments | 0 | 0 | |
Other items taken to the income statement | 0 | 0 | |
Credit to the income statement | 0 | 0 | |
Ending balance, undrawn balances and allowance for expected credit losses | £ 0 | £ 0 | £ 0 |
FINANCIAL ASSETS AT AMORTISED_7
FINANCIAL ASSETS AT AMORTISED COST - Total Impairment (Details) - GBP (£) £ in Millions | 12 Months Ended | |
Dec. 31, 2022 | Dec. 31, 2021 | |
ALLOWANCE FOR IMPAIRMENT LOSSES (Details) - Schedule of Movement in the Allowance for Impairment Losses [Line Items] | ||
Total allowance for impairment loss | £ 4,796 | £ 4,000 |
Expected credit loss in respect of financial assets at fair value through other comprehensive income (memorandum item) | 9 | 3 |
Loans and advances to banks | ||
ALLOWANCE FOR IMPAIRMENT LOSSES (Details) - Schedule of Movement in the Allowance for Impairment Losses [Line Items] | ||
Total allowance for impairment loss | 9 | 0 |
Loans and advances to customers | ||
ALLOWANCE FOR IMPAIRMENT LOSSES (Details) - Schedule of Movement in the Allowance for Impairment Losses [Line Items] | ||
Total allowance for impairment loss | 4,475 | 3,804 |
Debt securities | ||
ALLOWANCE FOR IMPAIRMENT LOSSES (Details) - Schedule of Movement in the Allowance for Impairment Losses [Line Items] | ||
Total allowance for impairment loss | 8 | 2 |
Due from fellow Lloyds Banking Group undertakings | ||
ALLOWANCE FOR IMPAIRMENT LOSSES (Details) - Schedule of Movement in the Allowance for Impairment Losses [Line Items] | ||
Total allowance for impairment loss | 0 | 0 |
Financial assets at amortised cost | ||
ALLOWANCE FOR IMPAIRMENT LOSSES (Details) - Schedule of Movement in the Allowance for Impairment Losses [Line Items] | ||
Total allowance for impairment loss | 4,492 | 3,806 |
Provisions in relation to loan commitments and financial guarantees | ||
ALLOWANCE FOR IMPAIRMENT LOSSES (Details) - Schedule of Movement in the Allowance for Impairment Losses [Line Items] | ||
Total allowance for impairment loss | 304 | 194 |
Stage 1 £m | ||
ALLOWANCE FOR IMPAIRMENT LOSSES (Details) - Schedule of Movement in the Allowance for Impairment Losses [Line Items] | ||
Total allowance for impairment loss | 816 | 1,013 |
Expected credit loss in respect of financial assets at fair value through other comprehensive income (memorandum item) | 9 | 3 |
Stage 1 £m | Loans and advances to banks | ||
ALLOWANCE FOR IMPAIRMENT LOSSES (Details) - Schedule of Movement in the Allowance for Impairment Losses [Line Items] | ||
Total allowance for impairment loss | 9 | 0 |
Stage 1 £m | Loans and advances to customers | ||
ALLOWANCE FOR IMPAIRMENT LOSSES (Details) - Schedule of Movement in the Allowance for Impairment Losses [Line Items] | ||
Total allowance for impairment loss | 678 | 909 |
Stage 1 £m | Debt securities | ||
ALLOWANCE FOR IMPAIRMENT LOSSES (Details) - Schedule of Movement in the Allowance for Impairment Losses [Line Items] | ||
Total allowance for impairment loss | 7 | 1 |
Stage 1 £m | Due from fellow Lloyds Banking Group undertakings | ||
ALLOWANCE FOR IMPAIRMENT LOSSES (Details) - Schedule of Movement in the Allowance for Impairment Losses [Line Items] | ||
Total allowance for impairment loss | 0 | 0 |
Stage 1 £m | Financial assets at amortised cost | ||
ALLOWANCE FOR IMPAIRMENT LOSSES (Details) - Schedule of Movement in the Allowance for Impairment Losses [Line Items] | ||
Total allowance for impairment loss | 694 | 910 |
Stage 1 £m | Provisions in relation to loan commitments and financial guarantees | ||
ALLOWANCE FOR IMPAIRMENT LOSSES (Details) - Schedule of Movement in the Allowance for Impairment Losses [Line Items] | ||
Total allowance for impairment loss | 122 | 103 |
Stage 2 £m | ||
ALLOWANCE FOR IMPAIRMENT LOSSES (Details) - Schedule of Movement in the Allowance for Impairment Losses [Line Items] | ||
Total allowance for impairment loss | 1,970 | 1,198 |
Expected credit loss in respect of financial assets at fair value through other comprehensive income (memorandum item) | 0 | 0 |
Stage 2 £m | Loans and advances to banks | ||
ALLOWANCE FOR IMPAIRMENT LOSSES (Details) - Schedule of Movement in the Allowance for Impairment Losses [Line Items] | ||
Total allowance for impairment loss | 0 | 0 |
Stage 2 £m | Loans and advances to customers | ||
ALLOWANCE FOR IMPAIRMENT LOSSES (Details) - Schedule of Movement in the Allowance for Impairment Losses [Line Items] | ||
Total allowance for impairment loss | 1,792 | 1,112 |
Stage 2 £m | Debt securities | ||
ALLOWANCE FOR IMPAIRMENT LOSSES (Details) - Schedule of Movement in the Allowance for Impairment Losses [Line Items] | ||
Total allowance for impairment loss | 0 | 0 |
Stage 2 £m | Due from fellow Lloyds Banking Group undertakings | ||
ALLOWANCE FOR IMPAIRMENT LOSSES (Details) - Schedule of Movement in the Allowance for Impairment Losses [Line Items] | ||
Total allowance for impairment loss | 0 | 0 |
Stage 2 £m | Financial assets at amortised cost | ||
ALLOWANCE FOR IMPAIRMENT LOSSES (Details) - Schedule of Movement in the Allowance for Impairment Losses [Line Items] | ||
Total allowance for impairment loss | 1,792 | 1,112 |
Stage 2 £m | Provisions in relation to loan commitments and financial guarantees | ||
ALLOWANCE FOR IMPAIRMENT LOSSES (Details) - Schedule of Movement in the Allowance for Impairment Losses [Line Items] | ||
Total allowance for impairment loss | 178 | 86 |
Stage 3 £m | ||
ALLOWANCE FOR IMPAIRMENT LOSSES (Details) - Schedule of Movement in the Allowance for Impairment Losses [Line Items] | ||
Total allowance for impairment loss | 1,757 | 1,579 |
Expected credit loss in respect of financial assets at fair value through other comprehensive income (memorandum item) | 0 | 0 |
Stage 3 £m | Loans and advances to banks | ||
ALLOWANCE FOR IMPAIRMENT LOSSES (Details) - Schedule of Movement in the Allowance for Impairment Losses [Line Items] | ||
Total allowance for impairment loss | 0 | 0 |
Stage 3 £m | Loans and advances to customers | ||
ALLOWANCE FOR IMPAIRMENT LOSSES (Details) - Schedule of Movement in the Allowance for Impairment Losses [Line Items] | ||
Total allowance for impairment loss | 1,752 | 1,573 |
Stage 3 £m | Debt securities | ||
ALLOWANCE FOR IMPAIRMENT LOSSES (Details) - Schedule of Movement in the Allowance for Impairment Losses [Line Items] | ||
Total allowance for impairment loss | 1 | 1 |
Stage 3 £m | Due from fellow Lloyds Banking Group undertakings | ||
ALLOWANCE FOR IMPAIRMENT LOSSES (Details) - Schedule of Movement in the Allowance for Impairment Losses [Line Items] | ||
Total allowance for impairment loss | 0 | 0 |
Stage 3 £m | Financial assets at amortised cost | ||
ALLOWANCE FOR IMPAIRMENT LOSSES (Details) - Schedule of Movement in the Allowance for Impairment Losses [Line Items] | ||
Total allowance for impairment loss | 1,753 | 1,574 |
Stage 3 £m | Provisions in relation to loan commitments and financial guarantees | ||
ALLOWANCE FOR IMPAIRMENT LOSSES (Details) - Schedule of Movement in the Allowance for Impairment Losses [Line Items] | ||
Total allowance for impairment loss | 4 | 5 |
POCI £m | ||
ALLOWANCE FOR IMPAIRMENT LOSSES (Details) - Schedule of Movement in the Allowance for Impairment Losses [Line Items] | ||
Total allowance for impairment loss | 253 | 210 |
Expected credit loss in respect of financial assets at fair value through other comprehensive income (memorandum item) | 0 | 0 |
POCI £m | Loans and advances to banks | ||
ALLOWANCE FOR IMPAIRMENT LOSSES (Details) - Schedule of Movement in the Allowance for Impairment Losses [Line Items] | ||
Total allowance for impairment loss | 0 | 0 |
POCI £m | Loans and advances to customers | ||
ALLOWANCE FOR IMPAIRMENT LOSSES (Details) - Schedule of Movement in the Allowance for Impairment Losses [Line Items] | ||
Total allowance for impairment loss | 253 | 210 |
POCI £m | Debt securities | ||
ALLOWANCE FOR IMPAIRMENT LOSSES (Details) - Schedule of Movement in the Allowance for Impairment Losses [Line Items] | ||
Total allowance for impairment loss | 0 | 0 |
POCI £m | Due from fellow Lloyds Banking Group undertakings | ||
ALLOWANCE FOR IMPAIRMENT LOSSES (Details) - Schedule of Movement in the Allowance for Impairment Losses [Line Items] | ||
Total allowance for impairment loss | 0 | 0 |
POCI £m | Financial assets at amortised cost | ||
ALLOWANCE FOR IMPAIRMENT LOSSES (Details) - Schedule of Movement in the Allowance for Impairment Losses [Line Items] | ||
Total allowance for impairment loss | 253 | 210 |
POCI £m | Provisions in relation to loan commitments and financial guarantees | ||
ALLOWANCE FOR IMPAIRMENT LOSSES (Details) - Schedule of Movement in the Allowance for Impairment Losses [Line Items] | ||
Total allowance for impairment loss | £ 0 | £ 0 |
ALLOWANCE FOR EXPECTED CREDIT_3
ALLOWANCE FOR EXPECTED CREDIT LOSSES - Narrative (Details) - GBP (£) £ in Millions | 12 Months Ended | |
Dec. 31, 2022 | Dec. 31, 2021 | |
Schedule of Key Economic Assumptions [Line Items] | ||
Loans and advances to customers | £ 435,627 | £ 430,829 |
Allowance account for credit losses of financial assets | 4,796 | 4,000 |
Stage 3 £m | ||
Schedule of Key Economic Assumptions [Line Items] | ||
Loans and advances to customers | 1,500 | |
Management adjustments | ||
Schedule of Key Economic Assumptions [Line Items] | ||
Increase in allowance account for credit losses of financial assets | 330 | 1,278 |
Commercial banking | ||
Schedule of Key Economic Assumptions [Line Items] | ||
Allowance account for credit losses of financial assets | 1,807 | 1,416 |
Individually assessed £m | ||
Schedule of Key Economic Assumptions [Line Items] | ||
Allowance account for credit losses of financial assets | 1,008 | 905 |
Individually assessed £m | Commercial banking | ||
Schedule of Key Economic Assumptions [Line Items] | ||
Allowance account for credit losses of financial assets | 1,008 | 905 |
Individually assessed £m | Commercial banking | Minimum | ||
Schedule of Key Economic Assumptions [Line Items] | ||
Allowance account for credit losses of financial assets | 908 | 741 |
Individually assessed £m | Commercial banking | Maximum | ||
Schedule of Key Economic Assumptions [Line Items] | ||
Allowance account for credit losses of financial assets | £ 1,140 | £ 1,023 |
Upside | ||
Schedule of Key Economic Assumptions [Line Items] | ||
Probability of default weight (in percent) | 30% | 30% |
Downside | ||
Schedule of Key Economic Assumptions [Line Items] | ||
Probability of default weight (in percent) | 30% | 30% |
Base case | ||
Schedule of Key Economic Assumptions [Line Items] | ||
Probability of default weight (in percent) | 30% | 30% |
Severe downside | ||
Schedule of Key Economic Assumptions [Line Items] | ||
Probability of default weight (in percent) | 10% | 10% |
ALLOWANCE FOR EXPECTED CREDIT_4
ALLOWANCE FOR EXPECTED CREDIT LOSSES - Disclosure of Significant Increase in Credit Risk (Details) £ in Millions | 12 Months Ended | |
Dec. 31, 2022 GBP (£) grade | Dec. 31, 2021 GBP (£) | |
Schedule of Expected Credit Loss [Line Items] | ||
Loans and advances to customers | £ | £ 435,627 | £ 430,829 |
1 | ||
Schedule of Expected Credit Loss [Line Items] | ||
PD Boundary % (in percent) | 10% | |
2 | ||
Schedule of Expected Credit Loss [Line Items] | ||
PD Boundary % (in percent) | 40% | |
3 | ||
Schedule of Expected Credit Loss [Line Items] | ||
PD Boundary % (in percent) | 80% | |
4 | ||
Schedule of Expected Credit Loss [Line Items] | ||
PD Boundary % (in percent) | 120% | |
5 | ||
Schedule of Expected Credit Loss [Line Items] | ||
PD Boundary % (in percent) | 250% | |
6 | ||
Schedule of Expected Credit Loss [Line Items] | ||
PD Boundary % (in percent) | 450% | |
7 | ||
Schedule of Expected Credit Loss [Line Items] | ||
PD Boundary % (in percent) | 750% | |
8 | ||
Schedule of Expected Credit Loss [Line Items] | ||
PD Boundary % (in percent) | 1,000% | |
9 | ||
Schedule of Expected Credit Loss [Line Items] | ||
PD Boundary % (in percent) | 1,400% | |
10 | ||
Schedule of Expected Credit Loss [Line Items] | ||
PD Boundary % (in percent) | 2,000% | |
11 | ||
Schedule of Expected Credit Loss [Line Items] | ||
PD Boundary % (in percent) | 3,000% | |
12 | ||
Schedule of Expected Credit Loss [Line Items] | ||
PD Boundary % (in percent) | 4,500% | |
13 | ||
Schedule of Expected Credit Loss [Line Items] | ||
PD Boundary % (in percent) | 9,999% | |
14 | ||
Schedule of Expected Credit Loss [Line Items] | ||
PD Boundary % (in percent) | 10,000% | |
1 | Retail – UK mortgages | ||
Schedule of Expected Credit Loss [Line Items] | ||
Financial asset, SICR grade | 5 | |
1 | Credit cards, loans and overdrafts SICR grade | ||
Schedule of Expected Credit Loss [Line Items] | ||
Financial asset, SICR grade | 4 | |
2 | Retail – UK mortgages | ||
Schedule of Expected Credit Loss [Line Items] | ||
Financial asset, SICR grade | 5 | |
2 | Credit cards, loans and overdrafts SICR grade | ||
Schedule of Expected Credit Loss [Line Items] | ||
Financial asset, SICR grade | 5 | |
3 | Retail – UK mortgages | ||
Schedule of Expected Credit Loss [Line Items] | ||
Financial asset, SICR grade | 6 | |
3 | Credit cards, loans and overdrafts SICR grade | ||
Schedule of Expected Credit Loss [Line Items] | ||
Financial asset, SICR grade | 6 | |
4 | Retail – UK mortgages | ||
Schedule of Expected Credit Loss [Line Items] | ||
Financial asset, SICR grade | 7 | |
4 | Credit cards, loans and overdrafts SICR grade | ||
Schedule of Expected Credit Loss [Line Items] | ||
Financial asset, SICR grade | 7 | |
5 | Retail – UK mortgages | ||
Schedule of Expected Credit Loss [Line Items] | ||
Financial asset, SICR grade | 8 | |
5 | Credit cards, loans and overdrafts SICR grade | ||
Schedule of Expected Credit Loss [Line Items] | ||
Financial asset, SICR grade | 8 | |
6 | Retail – UK mortgages | ||
Schedule of Expected Credit Loss [Line Items] | ||
Financial asset, SICR grade | 9 | |
6 | Credit cards, loans and overdrafts SICR grade | ||
Schedule of Expected Credit Loss [Line Items] | ||
Financial asset, SICR grade | 9 | |
7 | Retail – UK mortgages | ||
Schedule of Expected Credit Loss [Line Items] | ||
Financial asset, SICR grade | 10 | |
7 | Credit cards, loans and overdrafts SICR grade | ||
Schedule of Expected Credit Loss [Line Items] | ||
Financial asset, SICR grade | 10 |
ALLOWANCE FOR EXPECTED CREDIT_5
ALLOWANCE FOR EXPECTED CREDIT LOSSES - Disclosure of Generation of Multiple Economic Assumptions by Quarter and by Year (Details) | Dec. 31, 2022 | Dec. 31, 2021 |
Upside | ||
Five year average [Abstract] | ||
Gross domestic product (in percent) | 1.80% | 3% |
Unemployment rate (in percent) | 3.20% | 3.70% |
House price growth (in percent) | 4.50% | 5.10% |
Commercial real estate price growth (in percent) | 1.30% | 3.70% |
UK Bank Rate (in percent) | 4.22% | 1.43% |
CPI inflation rate (in percent) | 5.50% | 3.50% |
Base case | ||
Five year average [Abstract] | ||
Gross domestic product (in percent) | 1.40% | 2.90% |
Unemployment rate (in percent) | 4.80% | 4.40% |
House price growth (in percent) | 0.20% | 2.10% |
Commercial real estate price growth (in percent) | (1.80%) | 1.20% |
UK Bank Rate (in percent) | 3.06% | 0.85% |
CPI inflation rate (in percent) | 5% | 3% |
Downside | ||
Five year average [Abstract] | ||
Gross domestic product (in percent) | 0.80% | 2.80% |
Unemployment rate (in percent) | 6.50% | 5.60% |
House price growth (in percent) | (5.40%) | (3.10%) |
Commercial real estate price growth (in percent) | (6.40%) | (2.60%) |
UK Bank Rate (in percent) | 1.65% | 0.47% |
CPI inflation rate (in percent) | 4.40% | 2.80% |
Severe downside | ||
Five year average [Abstract] | ||
Gross domestic product (in percent) | 0.10% | 2.10% |
Unemployment rate (in percent) | 8.80% | 7.30% |
House price growth (in percent) | (9.80%) | (6.90%) |
Commercial real estate price growth (in percent) | (11.60%) | (6.80%) |
UK Bank Rate (in percent) | 0.08% | |
CPI inflation rate (in percent) | 2.40% | |
UK Bank Rate – modelled | 0.76% | |
UK Bank Rate – adjusted | 4.18% | |
CPI inflation – modelled | 3.60% | |
CPI inflation – adjusted | 7.70% | |
Probability-weighted | ||
Five year average [Abstract] | ||
Gross domestic product (in percent) | 1.20% | 2.80% |
Unemployment rate (in percent) | 5.20% | 4.80% |
House price growth (in percent) | (1.20%) | 0.60% |
Commercial real estate price growth (in percent) | (3.10%) | 0.10% |
UK Bank Rate (in percent) | 0.83% | |
CPI inflation rate (in percent) | 3.10% | |
UK Bank Rate – modelled | 2.76% | |
UK Bank Rate – adjusted | 3.10% | |
CPI inflation – modelled | 4.90% | |
CPI inflation – adjusted | 5.30% | |
Upside | Start to peak | ||
Schedule of Key Economic Assumptions [Line Items] | ||
Gross domestic product (in percent) | 6.50% | 12.60% |
Unemployment rate (in percent) | 3.80% | 4.90% |
House price growth (in percent) | 24.80% | 28.50% |
Commercial real estate price growth (in percent) | 7.20% | 20.90% |
UK Bank Rate (in percent) | 5.39% | 2.04% |
CPI inflation rate (in percentage) | 10.70% | 6.50% |
Upside | Start to trough | ||
Schedule of Key Economic Assumptions [Line Items] | ||
Gross domestic product (in percent) | 0.40% | (1.30%) |
Unemployment rate (in percent) | 2.80% | 3.20% |
House price growth (in percent) | (1.10%) | 1.20% |
Commercial real estate price growth (in percent) | (9.40%) | 0.80% |
UK Bank Rate (in percent) | 0.75% | 0.10% |
CPI inflation rate (in percentage) | 2.90% | 0.60% |
Upside | 2021 | ||
Schedule of Key Economic Assumptions [Line Items] | ||
Gross domestic product (in percent) | 7.10% | |
Unemployment rate (in percent) | 4.40% | |
House price growth (in percent) | 10.10% | |
Commercial real estate price growth (in percent) | 12.40% | |
UK Bank Rate (in percent) | 0.14% | |
CPI inflation rate (in percentage) | 2.60% | |
Upside | 2022 | ||
Schedule of Key Economic Assumptions [Line Items] | ||
Gross domestic product (in percent) | 4.10% | 4% |
Unemployment rate (in percent) | 3.50% | 3.30% |
House price growth (in percent) | 2.40% | 2.60% |
Commercial real estate price growth (in percent) | (9.40%) | 5.80% |
UK Bank Rate (in percent) | 1.94% | 1.44% |
CPI inflation rate (in percentage) | 9% | 5.90% |
Upside | 2023 | ||
Schedule of Key Economic Assumptions [Line Items] | ||
Gross domestic product (in percent) | 0.10% | 1.40% |
Unemployment rate (in percent) | 2.80% | 3.40% |
House price growth (in percent) | (2.80%) | 4.90% |
Commercial real estate price growth (in percent) | 8.50% | 0.70% |
UK Bank Rate (in percent) | 4.95% | 1.74% |
CPI inflation rate (in percentage) | 8.30% | 3.30% |
Upside | 2024 | ||
Schedule of Key Economic Assumptions [Line Items] | ||
Gross domestic product (in percent) | 1.10% | 1.30% |
Unemployment rate (in percent) | 3% | 3.50% |
House price growth (in percent) | 6.50% | 4.70% |
Commercial real estate price growth (in percent) | 3.50% | 1% |
UK Bank Rate (in percent) | 4.98% | 1.82% |
CPI inflation rate (in percentage) | 4.20% | 2.60% |
Upside | 2025 | ||
Schedule of Key Economic Assumptions [Line Items] | ||
Gross domestic product (in percent) | 1.70% | 1.40% |
Unemployment rate (in percent) | 3.30% | 3.70% |
House price growth (in percent) | 9% | 3.60% |
Commercial real estate price growth (in percent) | 2.60% | (0.60%) |
UK Bank Rate (in percent) | 4.63% | 2.03% |
CPI inflation rate (in percentage) | 3.30% | 3.30% |
Upside | 2026 | ||
Schedule of Key Economic Assumptions [Line Items] | ||
Gross domestic product (in percent) | 2.10% | |
Unemployment rate (in percent) | 3.40% | |
House price growth (in percent) | 8% | |
Commercial real estate price growth (in percent) | 2.30% | |
UK Bank Rate (in percent) | 4.58% | |
CPI inflation rate (in percentage) | 3% | |
Base case | Start to peak | ||
Schedule of Key Economic Assumptions [Line Items] | ||
Gross domestic product (in percent) | 4.30% | 12.30% |
Unemployment rate (in percent) | 5.30% | 4.90% |
House price growth (in percent) | 6.40% | 11% |
Commercial real estate price growth (in percent) | 7.20% | 10.20% |
UK Bank Rate (in percent) | 4% | 1.25% |
CPI inflation rate (in percentage) | 10.70% | 6.50% |
Base case | Start to trough | ||
Schedule of Key Economic Assumptions [Line Items] | ||
Gross domestic product (in percent) | (1.10%) | (1.30%) |
Unemployment rate (in percent) | 3.60% | 4.30% |
House price growth (in percent) | (6.30%) | 1.20% |
Commercial real estate price growth (in percent) | (14.80%) | 0.80% |
UK Bank Rate (in percent) | 0.75% | 0.10% |
CPI inflation rate (in percentage) | 1.60% | 0.60% |
Base case | 2021 | ||
Schedule of Key Economic Assumptions [Line Items] | ||
Gross domestic product (in percent) | 7.10% | |
Unemployment rate (in percent) | 4.50% | |
House price growth (in percent) | 9.80% | |
Commercial real estate price growth (in percent) | 10.20% | |
UK Bank Rate (in percent) | 0.14% | |
CPI inflation rate (in percentage) | 2.60% | |
Base case | 2021 Q1 | ||
Schedule of Key Economic Assumptions [Line Items] | ||
Gross domestic product (in percent) | (1.30%) | |
Unemployment rate (in percent) | 4.90% | |
House price growth (in percent) | 6.50% | |
Commercial real estate price growth (in percent) | (2.90%) | |
UK Bank Rate (in percent) | 0.10% | |
CPI inflation rate (in percentage) | 0.60% | |
Base case | 2021 Q2 | ||
Schedule of Key Economic Assumptions [Line Items] | ||
Gross domestic product (in percent) | 5.40% | |
Unemployment rate (in percent) | 4.70% | |
House price growth (in percent) | 8.70% | |
Commercial real estate price growth (in percent) | 3.40% | |
UK Bank Rate (in percent) | 0.10% | |
CPI inflation rate (in percentage) | 2.10% | |
Base case | 2021 Q3 | ||
Schedule of Key Economic Assumptions [Line Items] | ||
Gross domestic product (in percent) | 1.10% | |
Unemployment rate (in percent) | 4.30% | |
House price growth (in percent) | 7.40% | |
Commercial real estate price growth (in percent) | 7.50% | |
UK Bank Rate (in percent) | 0.10% | |
CPI inflation rate (in percentage) | 2.80% | |
Base case | 2021 Q4 | ||
Schedule of Key Economic Assumptions [Line Items] | ||
Gross domestic product (in percent) | 0.40% | |
Unemployment rate (in percent) | 4.30% | |
House price growth (in percent) | 9.80% | |
Commercial real estate price growth (in percent) | 10.20% | |
UK Bank Rate (in percent) | 0.25% | |
CPI inflation rate (in percentage) | 4.90% | |
Base case | 2022 | ||
Schedule of Key Economic Assumptions [Line Items] | ||
Gross domestic product (in percent) | 4% | 3.70% |
Unemployment rate (in percent) | 3.70% | 4.30% |
House price growth (in percent) | 2% | 0% |
Commercial real estate price growth (in percent) | (11.80%) | (2.20%) |
UK Bank Rate (in percent) | 1.94% | 0.81% |
CPI inflation rate (in percentage) | 9% | 5.90% |
Base case | 2022 Q1 | ||
Schedule of Key Economic Assumptions [Line Items] | ||
Gross domestic product (in percent) | 0.60% | 0.10% |
Unemployment rate (in percent) | 3.70% | 4.40% |
House price growth (in percent) | 11.10% | 8.40% |
Commercial real estate price growth (in percent) | 18% | |
Commercial real estate price growth (in percent) | 8.40% | |
UK Bank Rate (in percent) | 0.75% | 0.50% |
CPI inflation rate (in percentage) | 6.20% | 5.30% |
Base case | 2022 Q2 | ||
Schedule of Key Economic Assumptions [Line Items] | ||
Gross domestic product (in percent) | 0.10% | 1.50% |
Unemployment rate (in percent) | 3.80% | 4.30% |
House price growth (in percent) | 12.50% | 6.10% |
Commercial real estate price growth (in percent) | 18% | |
Commercial real estate price growth (in percent) | 5.20% | |
UK Bank Rate (in percent) | 1.25% | 0.75% |
CPI inflation rate (in percentage) | 9.20% | 6.50% |
Base case | 2022 Q3 | ||
Schedule of Key Economic Assumptions [Line Items] | ||
Gross domestic product (in percent) | (0.30%) | 0.50% |
Unemployment rate (in percent) | 3.60% | 4.30% |
House price growth (in percent) | 9.80% | 3.20% |
Commercial real estate price growth (in percent) | 8.40% | |
Commercial real estate price growth (in percent) | 0.90% | |
UK Bank Rate (in percent) | 2.25% | 1% |
CPI inflation rate (in percentage) | 10% | 6.30% |
Base case | 2022 Q4 | ||
Schedule of Key Economic Assumptions [Line Items] | ||
Gross domestic product (in percent) | (0.40%) | 0.30% |
Unemployment rate (in percent) | 3.70% | 4.30% |
House price growth (in percent) | 2% | 0% |
Commercial real estate price growth (in percent) | (11.80%) | |
Commercial real estate price growth (in percent) | (2.20%) | |
UK Bank Rate (in percent) | 3.50% | 1% |
CPI inflation rate (in percentage) | 10.70% | 5.30% |
Base case | 2023 | ||
Schedule of Key Economic Assumptions [Line Items] | ||
Gross domestic product (in percent) | (1.20%) | 1.50% |
Unemployment rate (in percent) | 4.50% | 4.40% |
House price growth (in percent) | (6.90%) | 0% |
Commercial real estate price growth (in percent) | (3.30%) | (1.90%) |
UK Bank Rate (in percent) | 4% | 1% |
CPI inflation rate (in percentage) | 8.30% | 3% |
Base case | 2023 Q1 | ||
Schedule of Key Economic Assumptions [Line Items] | ||
Gross domestic product (in percent) | (0.40%) | |
Unemployment rate (in percent) | 4% | |
House price growth (in percent) | (3.00%) | |
Commercial real estate price growth (in percent) | (16.90%) | |
UK Bank Rate (in percent) | 4% | |
CPI inflation rate (in percentage) | 10% | |
Base case | 2023 Q2 | ||
Schedule of Key Economic Assumptions [Line Items] | ||
Gross domestic product (in percent) | (0.40%) | |
Unemployment rate (in percent) | 4.40% | |
House price growth (in percent) | (8.40%) | |
Commercial real estate price growth (in percent) | (19.80%) | |
UK Bank Rate (in percent) | 4% | |
CPI inflation rate (in percentage) | 8.90% | |
Base case | 2023 Q3 | ||
Schedule of Key Economic Assumptions [Line Items] | ||
Gross domestic product (in percent) | (0.20%) | |
Unemployment rate (in percent) | 4.70% | |
House price growth (in percent) | (9.80%) | |
Commercial real estate price growth (in percent) | (15.90%) | |
UK Bank Rate (in percent) | 4% | |
CPI inflation rate (in percentage) | 8% | |
Base case | 2023 Q4 | ||
Schedule of Key Economic Assumptions [Line Items] | ||
Gross domestic product (in percent) | (0.10%) | |
Unemployment rate (in percent) | 4.90% | |
House price growth (in percent) | (6.90%) | |
Commercial real estate price growth (in percent) | (3.30%) | |
UK Bank Rate (in percent) | 4% | |
CPI inflation rate (in percentage) | 6.10% | |
Base case | 2024 | ||
Schedule of Key Economic Assumptions [Line Items] | ||
Gross domestic product (in percent) | 0.50% | 1.30% |
Unemployment rate (in percent) | 5.10% | 4.40% |
House price growth (in percent) | (1.20%) | 0.50% |
Commercial real estate price growth (in percent) | 0.90% | 0.10% |
UK Bank Rate (in percent) | 3.38% | 1.06% |
CPI inflation rate (in percentage) | 3.70% | 1.60% |
Base case | 2025 | ||
Schedule of Key Economic Assumptions [Line Items] | ||
Gross domestic product (in percent) | 1.60% | 1.30% |
Unemployment rate (in percent) | 5.30% | 4.50% |
House price growth (in percent) | 2.90% | 0.70% |
Commercial real estate price growth (in percent) | 2.80% | 0.60% |
UK Bank Rate (in percent) | 3% | 1.25% |
CPI inflation rate (in percentage) | 2.30% | 2% |
Base case | 2026 | ||
Schedule of Key Economic Assumptions [Line Items] | ||
Gross domestic product (in percent) | 2.10% | |
Unemployment rate (in percent) | 5.10% | |
House price growth (in percent) | 4.40% | |
Commercial real estate price growth (in percent) | 3.10% | |
UK Bank Rate (in percent) | 3% | |
CPI inflation rate (in percentage) | 1.70% | |
Downside | Start to peak | ||
Schedule of Key Economic Assumptions [Line Items] | ||
Gross domestic product (in percent) | 1.20% | 11.40% |
Unemployment rate (in percent) | 7.70% | 6% |
House price growth (in percent) | 6.40% | 9.20% |
Commercial real estate price growth (in percent) | 7.20% | 8.60% |
UK Bank Rate (in percent) | 3.62% | 0.71% |
CPI inflation rate (in percentage) | 10.70% | 6.40% |
Downside | Start to trough | ||
Schedule of Key Economic Assumptions [Line Items] | ||
Gross domestic product (in percent) | (3.60%) | (1.30%) |
Unemployment rate (in percent) | 3.60% | 4.30% |
House price growth (in percent) | (24.30%) | (14.80%) |
Commercial real estate price growth (in percent) | (29.60%) | (12.80%) |
UK Bank Rate (in percent) | 0.75% | 0.10% |
CPI inflation rate (in percentage) | 0.20% | 0.60% |
Downside | 2021 | ||
Schedule of Key Economic Assumptions [Line Items] | ||
Gross domestic product (in percent) | 7.10% | |
Unemployment rate (in percent) | 4.70% | |
House price growth (in percent) | 9.20% | |
Commercial real estate price growth (in percent) | 8.60% | |
UK Bank Rate (in percent) | 0.14% | |
CPI inflation rate (in percentage) | 2.60% | |
Downside | 2022 | ||
Schedule of Key Economic Assumptions [Line Items] | ||
Gross domestic product (in percent) | 3.90% | 3.40% |
Unemployment rate (in percent) | 3.80% | 5.60% |
House price growth (in percent) | 1.60% | (4.90%) |
Commercial real estate price growth (in percent) | (13.90%) | (10.10%) |
UK Bank Rate (in percent) | 1.94% | 0.45% |
CPI inflation rate (in percentage) | 9% | 5.80% |
Downside | 2023 | ||
Schedule of Key Economic Assumptions [Line Items] | ||
Gross domestic product (in percent) | (3.00%) | 1.30% |
Unemployment rate (in percent) | 6.30% | 5.90% |
House price growth (in percent) | (11.10%) | (7.80%) |
Commercial real estate price growth (in percent) | (15.00%) | (7.00%) |
UK Bank Rate (in percent) | 2.93% | 0.52% |
CPI inflation rate (in percentage) | 8.20% | 2.80% |
Downside | 2024 | ||
Schedule of Key Economic Assumptions [Line Items] | ||
Gross domestic product (in percent) | (0.50%) | 1.10% |
Unemployment rate (in percent) | 7.50% | 5.80% |
House price growth (in percent) | (9.80%) | (6.60%) |
Commercial real estate price growth (in percent) | (3.70%) | (3.40%) |
UK Bank Rate (in percent) | 1.39% | 0.55% |
CPI inflation rate (in percentage) | 3.30% | 1.30% |
Downside | 2025 | ||
Schedule of Key Economic Assumptions [Line Items] | ||
Gross domestic product (in percent) | 1.40% | 1.20% |
Unemployment rate (in percent) | 7.60% | 5.70% |
House price growth (in percent) | (5.60%) | (4.70%) |
Commercial real estate price growth (in percent) | 0.40% | (0.30%) |
UK Bank Rate (in percent) | 0.98% | 0.69% |
CPI inflation rate (in percentage) | 1.30% | 1.60% |
Downside | 2026 | ||
Schedule of Key Economic Assumptions [Line Items] | ||
Gross domestic product (in percent) | 2.10% | |
Unemployment rate (in percent) | 7.20% | |
House price growth (in percent) | (1.50%) | |
Commercial real estate price growth (in percent) | 1.40% | |
UK Bank Rate (in percent) | 1.04% | |
CPI inflation rate (in percentage) | 0.30% | |
Severe downside | Start to peak | ||
Schedule of Key Economic Assumptions [Line Items] | ||
Gross domestic product (in percent) | 0.70% | 7.60% |
Unemployment rate (in percent) | 10.70% | 8.50% |
House price growth (in percent) | 6.40% | 9.10% |
Commercial real estate price growth (in percent) | 7.20% | 6.90% |
UK Bank Rate (in percent) | 0.25% | |
CPI inflation rate (in percentage) | 6.50% | |
UK Bank Rate – modelled | 3.50% | |
UK Bank Rate – adjusted | 7% | |
CPI inflation – modelled | 10.70% | |
CPI inflation – adjusted | 14.80% | |
Severe downside | Start to trough | ||
Schedule of Key Economic Assumptions [Line Items] | ||
Gross domestic product (in percent) | (6.40%) | (1.30%) |
Unemployment rate (in percent) | 3.60% | 4.30% |
House price growth (in percent) | (40.10%) | (30.20%) |
Commercial real estate price growth (in percent) | (47.80%) | (30.00%) |
UK Bank Rate (in percent) | 0.02% | |
CPI inflation rate (in percentage) | 0.40% | |
UK Bank Rate – modelled | 0.12% | |
UK Bank Rate – adjusted | 0.75% | |
CPI inflation – modelled | (1.70%) | |
CPI inflation – adjusted | 1.50% | |
Severe downside | 2021 | ||
Schedule of Key Economic Assumptions [Line Items] | ||
Gross domestic product (in percent) | 6.80% | |
Unemployment rate (in percent) | 4.90% | |
House price growth (in percent) | 9.10% | |
Commercial real estate price growth (in percent) | 5.80% | |
UK Bank Rate (in percent) | 0.14% | |
CPI inflation rate (in percentage) | 2.60% | |
Severe downside | 2022 | ||
Schedule of Key Economic Assumptions [Line Items] | ||
Gross domestic product (in percent) | 3.70% | 0.90% |
Unemployment rate (in percent) | 4.10% | 7.70% |
House price growth (in percent) | 1.10% | (7.30%) |
Commercial real estate price growth (in percent) | (17.30%) | (19.60%) |
UK Bank Rate (in percent) | 0.04% | |
CPI inflation rate (in percentage) | 5.80% | |
UK Bank Rate – modelled | 1.94% | |
UK Bank Rate – adjusted | 2.44% | |
CPI inflation – modelled | 9% | |
CPI inflation – adjusted | 9.70% | |
Severe downside | 2023 | ||
Schedule of Key Economic Assumptions [Line Items] | ||
Gross domestic product (in percent) | (5.20%) | 0.40% |
Unemployment rate (in percent) | 9% | 8.50% |
House price growth (in percent) | (14.80%) | (13.90%) |
Commercial real estate price growth (in percent) | (28.80%) | (12.10%) |
UK Bank Rate (in percent) | 0.06% | |
CPI inflation rate (in percentage) | 2.30% | |
UK Bank Rate – modelled | 1.41% | |
UK Bank Rate – adjusted | 7% | |
CPI inflation – modelled | 8.20% | |
CPI inflation – adjusted | 14.30% | |
Severe downside | 2024 | ||
Schedule of Key Economic Assumptions [Line Items] | ||
Gross domestic product (in percent) | (1.00%) | 1% |
Unemployment rate (in percent) | 10.70% | 8.10% |
House price growth (in percent) | (18.00%) | (12.50%) |
Commercial real estate price growth (in percent) | (9.90%) | (5.30%) |
UK Bank Rate (in percent) | 0.08% | |
CPI inflation rate (in percentage) | 0.50% | |
UK Bank Rate – modelled | 0.20% | |
UK Bank Rate – adjusted | 4.88% | |
CPI inflation – modelled | 2.60% | |
CPI inflation – adjusted | 9% | |
Severe downside | 2025 | ||
Schedule of Key Economic Assumptions [Line Items] | ||
Gross domestic product (in percent) | 1.30% | 1.40% |
Unemployment rate (in percent) | 10.40% | 7.60% |
House price growth (in percent) | (11.50%) | (8.40%) |
Commercial real estate price growth (in percent) | (1.30%) | (0.50%) |
UK Bank Rate (in percent) | 0.09% | |
CPI inflation rate (in percentage) | 0.90% | |
UK Bank Rate – modelled | 0.13% | |
UK Bank Rate – adjusted | 3.31% | |
CPI inflation – modelled | (0.10%) | |
CPI inflation – adjusted | 4.10% | |
Severe downside | 2026 | ||
Schedule of Key Economic Assumptions [Line Items] | ||
Gross domestic product (in percent) | 2.10% | |
Unemployment rate (in percent) | 9.70% | |
House price growth (in percent) | (4.20%) | |
Commercial real estate price growth (in percent) | 3.20% | |
UK Bank Rate – modelled | 0.14% | |
UK Bank Rate – adjusted | 3.25% | |
CPI inflation – modelled | (1.60%) | |
CPI inflation – adjusted | 1.60% | |
Probability-weighted | Start to peak | ||
Schedule of Key Economic Assumptions [Line Items] | ||
Gross domestic product (in percent) | 3.40% | 11.60% |
Unemployment rate (in percent) | 5.90% | 5% |
House price growth (in percent) | 6.40% | 9.60% |
Commercial real estate price growth (in percent) | 7.20% | 9.90% |
UK Bank Rate (in percent) | 1.20% | |
CPI inflation rate (in percentage) | 6.50% | |
UK Bank Rate – modelled | 3.89% | |
UK Bank Rate – adjusted | 4.31% | |
CPI inflation – modelled | 10.70% | |
CPI inflation – adjusted | 11% | |
Probability-weighted | Start to trough | ||
Schedule of Key Economic Assumptions [Line Items] | ||
Gross domestic product (in percent) | (1.80%) | (1.30%) |
Unemployment rate (in percent) | 3.60% | 4.30% |
House price growth (in percent) | (9.50%) | 1.20% |
Commercial real estate price growth (in percent) | (18.60%) | (0.30%) |
UK Bank Rate (in percent) | 0.10% | |
CPI inflation rate (in percentage) | 0.60% | |
UK Bank Rate – modelled | 0.75% | |
UK Bank Rate – adjusted | 0.75% | |
CPI inflation – modelled | 1.30% | |
CPI inflation – adjusted | 1.60% | |
Probability-weighted | 2021 | ||
Schedule of Key Economic Assumptions [Line Items] | ||
Gross domestic product (in percent) | 7% | |
Unemployment rate (in percent) | 4.60% | |
House price growth (in percent) | 9.60% | |
Commercial real estate price growth (in percent) | 9.90% | |
UK Bank Rate (in percent) | 0.14% | |
CPI inflation rate (in percentage) | 2.60% | |
Probability-weighted | 2022 | ||
Schedule of Key Economic Assumptions [Line Items] | ||
Gross domestic product (in percent) | 4% | 3.40% |
Unemployment rate (in percent) | 3.70% | 4.70% |
House price growth (in percent) | 1.90% | (1.40%) |
Commercial real estate price growth (in percent) | (12.30%) | (3.90%) |
UK Bank Rate (in percent) | 0.82% | |
CPI inflation rate (in percentage) | 5.90% | |
UK Bank Rate – modelled | 1.94% | |
UK Bank Rate – adjusted | 1.99% | |
CPI inflation – modelled | 9% | |
CPI inflation – adjusted | 9.10% | |
Probability-weighted | 2023 | ||
Schedule of Key Economic Assumptions [Line Items] | ||
Gross domestic product (in percent) | (1.80%) | 1.30% |
Unemployment rate (in percent) | 5% | 5% |
House price growth (in percent) | (7.70%) | (2.30%) |
Commercial real estate price growth (in percent) | (5.80%) | (3.70%) |
UK Bank Rate (in percent) | 0.99% | |
CPI inflation rate (in percentage) | 2.90% | |
UK Bank Rate – modelled | 3.70% | |
UK Bank Rate – adjusted | 4.26% | |
CPI inflation – modelled | 8.30% | |
CPI inflation – adjusted | 8.90% | |
Probability-weighted | 2024 | ||
Schedule of Key Economic Assumptions [Line Items] | ||
Gross domestic product (in percent) | 0.20% | 1.20% |
Unemployment rate (in percent) | 5.80% | 5% |
House price growth (in percent) | (3.20%) | (1.70%) |
Commercial real estate price growth (in percent) | (0.80%) | (1.20%) |
UK Bank Rate (in percent) | 1.04% | |
CPI inflation rate (in percentage) | 1.70% | |
UK Bank Rate – modelled | 2.94% | |
UK Bank Rate – adjusted | 3.41% | |
CPI inflation – modelled | 3.60% | |
CPI inflation – adjusted | 4.30% | |
Probability-weighted | 2025 | ||
Schedule of Key Economic Assumptions [Line Items] | ||
Gross domestic product (in percent) | 1.50% | 1.30% |
Unemployment rate (in percent) | 5.90% | 4.90% |
House price growth (in percent) | 0.70% | (1.00%) |
Commercial real estate price growth (in percent) | 1.60% | (0.10%) |
UK Bank Rate (in percent) | 1.20% | |
CPI inflation rate (in percentage) | 2.20% | |
UK Bank Rate – modelled | 2.59% | |
UK Bank Rate – adjusted | 2.91% | |
CPI inflation – modelled | 2.10% | |
CPI inflation – adjusted | 2.50% | |
Probability-weighted | 2026 | ||
Schedule of Key Economic Assumptions [Line Items] | ||
Gross domestic product (in percent) | 2.10% | |
Unemployment rate (in percent) | 5.70% | |
House price growth (in percent) | 2.90% | |
Commercial real estate price growth (in percent) | 2.30% | |
UK Bank Rate – modelled | 2.60% | |
UK Bank Rate – adjusted | 2.91% | |
CPI inflation – modelled | 1.40% | |
CPI inflation – adjusted | 1.70% |
ALLOWANCE FOR EXPECTED CREDIT_6
ALLOWANCE FOR EXPECTED CREDIT LOSSES - Schedule of ECL Sensitivity to Economic Assumptions (Details) - GBP (£) £ in Millions | 12 Months Ended | |
Dec. 31, 2022 | Dec. 31, 2021 | |
Probability-weighted | ||
Schedule of Multiple Economic Scenarios [Line Items] | ||
Increase in allowance account for credit losses of financial assets | £ 668 | £ 221 |
Impact of economic scenario | 4,796 | 4,000 |
Upside | ||
Schedule of Multiple Economic Scenarios [Line Items] | ||
Impact of economic scenario | 3,452 | 3,521 |
Base case | ||
Schedule of Multiple Economic Scenarios [Line Items] | ||
Impact of economic scenario | 4,128 | 3,779 |
Downside | ||
Schedule of Multiple Economic Scenarios [Line Items] | ||
Impact of economic scenario | 5,273 | 4,286 |
Severe downside | ||
Schedule of Multiple Economic Scenarios [Line Items] | ||
Impact of economic scenario | 9,405 | 5,241 |
Probability-weighted and MES staging | ||
Schedule of Multiple Economic Scenarios [Line Items] | ||
Increase in allowance account for credit losses of financial assets | 791 | 228 |
UK mortgages | Probability-weighted | ||
Schedule of Multiple Economic Scenarios [Line Items] | ||
Impact of economic scenario | 1,209 | 837 |
UK mortgages | Upside | ||
Schedule of Multiple Economic Scenarios [Line Items] | ||
Impact of economic scenario | 514 | 637 |
UK mortgages | Base case | ||
Schedule of Multiple Economic Scenarios [Line Items] | ||
Impact of economic scenario | 790 | 723 |
UK mortgages | Downside | ||
Schedule of Multiple Economic Scenarios [Line Items] | ||
Impact of economic scenario | 1,434 | 967 |
UK mortgages | Severe downside | ||
Schedule of Multiple Economic Scenarios [Line Items] | ||
Impact of economic scenario | 3,874 | 1,386 |
Credit cards | Probability-weighted | ||
Schedule of Multiple Economic Scenarios [Line Items] | ||
Impact of economic scenario | 763 | 521 |
Credit cards | Upside | ||
Schedule of Multiple Economic Scenarios [Line Items] | ||
Impact of economic scenario | 596 | 442 |
Credit cards | Base case | ||
Schedule of Multiple Economic Scenarios [Line Items] | ||
Impact of economic scenario | 727 | 500 |
Credit cards | Downside | ||
Schedule of Multiple Economic Scenarios [Line Items] | ||
Impact of economic scenario | 828 | 569 |
Credit cards | Severe downside | ||
Schedule of Multiple Economic Scenarios [Line Items] | ||
Impact of economic scenario | 1,180 | 672 |
Other retail | Probability-weighted | ||
Schedule of Multiple Economic Scenarios [Line Items] | ||
Impact of economic scenario | 1,016 | 825 |
Other retail | Upside | ||
Schedule of Multiple Economic Scenarios [Line Items] | ||
Impact of economic scenario | 907 | 760 |
Other retail | Base case | ||
Schedule of Multiple Economic Scenarios [Line Items] | ||
Impact of economic scenario | 992 | 811 |
Other retail | Downside | ||
Schedule of Multiple Economic Scenarios [Line Items] | ||
Impact of economic scenario | 1,056 | 863 |
Other retail | Severe downside | ||
Schedule of Multiple Economic Scenarios [Line Items] | ||
Impact of economic scenario | 1,290 | 950 |
Commercial banking | Probability-weighted | ||
Schedule of Multiple Economic Scenarios [Line Items] | ||
Impact of economic scenario | 1,807 | 1,416 |
Commercial banking | Upside | ||
Schedule of Multiple Economic Scenarios [Line Items] | ||
Impact of economic scenario | 1,434 | 1,281 |
Commercial banking | Base case | ||
Schedule of Multiple Economic Scenarios [Line Items] | ||
Impact of economic scenario | 1,618 | 1,343 |
Commercial banking | Downside | ||
Schedule of Multiple Economic Scenarios [Line Items] | ||
Impact of economic scenario | 1,953 | 1,486 |
Commercial banking | Severe downside | ||
Schedule of Multiple Economic Scenarios [Line Items] | ||
Impact of economic scenario | 3,059 | 1,833 |
Other £m | Probability-weighted | ||
Schedule of Multiple Economic Scenarios [Line Items] | ||
Impact of economic scenario | 1 | 401 |
Other £m | Upside | ||
Schedule of Multiple Economic Scenarios [Line Items] | ||
Impact of economic scenario | 1 | 401 |
Other £m | Base case | ||
Schedule of Multiple Economic Scenarios [Line Items] | ||
Impact of economic scenario | 1 | 402 |
Other £m | Downside | ||
Schedule of Multiple Economic Scenarios [Line Items] | ||
Impact of economic scenario | 2 | 401 |
Other £m | Severe downside | ||
Schedule of Multiple Economic Scenarios [Line Items] | ||
Impact of economic scenario | £ 2 | £ 400 |
ALLOWANCE FOR EXPECTED CREDIT_7
ALLOWANCE FOR EXPECTED CREDIT LOSSES - Disclosure of Expected Credit Loss (Details) - GBP (£) £ in Millions | Dec. 31, 2022 | Dec. 31, 2021 |
10pp increase in HPI | ||
Schedule of Expected Credit Loss [Line Items] | ||
ECL impact, £m | £ (225) | £ (112) |
10pp decrease in HPI | ||
Schedule of Expected Credit Loss [Line Items] | ||
ECL impact, £m | 370 | 162 |
1pp increase in unemployment £m | ||
Schedule of Expected Credit Loss [Line Items] | ||
ECL impact, £m | 191 | 107 |
1pp decrease in unemployment £m | ||
Schedule of Expected Credit Loss [Line Items] | ||
ECL impact, £m | (177) | (95) |
Upside | ||
Schedule of Expected Credit Loss [Line Items] | ||
ECL impact, £m | 3,322 | 3,502 |
Base case | ||
Schedule of Expected Credit Loss [Line Items] | ||
ECL impact, £m | 4,005 | 3,772 |
Downside | ||
Schedule of Expected Credit Loss [Line Items] | ||
ECL impact, £m | 5,293 | 4,324 |
Severe downside | ||
Schedule of Expected Credit Loss [Line Items] | ||
ECL impact, £m | 15,292 | 5,613 |
UK mortgages | 1pp increase in unemployment £m | ||
Schedule of Expected Credit Loss [Line Items] | ||
ECL impact, £m | 26 | 23 |
UK mortgages | 1pp decrease in unemployment £m | ||
Schedule of Expected Credit Loss [Line Items] | ||
ECL impact, £m | (21) | (18) |
UK mortgages | Upside | ||
Schedule of Expected Credit Loss [Line Items] | ||
ECL impact, £m | 469 | 636 |
UK mortgages | Base case | ||
Schedule of Expected Credit Loss [Line Items] | ||
ECL impact, £m | 734 | 722 |
UK mortgages | Downside | ||
Schedule of Expected Credit Loss [Line Items] | ||
ECL impact, £m | 1,344 | 973 |
UK mortgages | Severe downside | ||
Schedule of Expected Credit Loss [Line Items] | ||
ECL impact, £m | 7,848 | 1,448 |
Credit cards | 1pp increase in unemployment £m | ||
Schedule of Expected Credit Loss [Line Items] | ||
ECL impact, £m | 41 | 20 |
Credit cards | 1pp decrease in unemployment £m | ||
Schedule of Expected Credit Loss [Line Items] | ||
ECL impact, £m | (41) | (20) |
Credit cards | Upside | ||
Schedule of Expected Credit Loss [Line Items] | ||
ECL impact, £m | 563 | 434 |
Credit cards | Base case | ||
Schedule of Expected Credit Loss [Line Items] | ||
ECL impact, £m | 719 | 500 |
Credit cards | Downside | ||
Schedule of Expected Credit Loss [Line Items] | ||
ECL impact, £m | 842 | 583 |
Credit cards | Severe downside | ||
Schedule of Expected Credit Loss [Line Items] | ||
ECL impact, £m | 1,320 | 707 |
Other retail | 1pp increase in unemployment £m | ||
Schedule of Expected Credit Loss [Line Items] | ||
ECL impact, £m | 25 | 14 |
Other retail | 1pp decrease in unemployment £m | ||
Schedule of Expected Credit Loss [Line Items] | ||
ECL impact, £m | (25) | (14) |
Other retail | Upside | ||
Schedule of Expected Credit Loss [Line Items] | ||
ECL impact, £m | 886 | 754 |
Other retail | Base case | ||
Schedule of Expected Credit Loss [Line Items] | ||
ECL impact, £m | 984 | 808 |
Other retail | Downside | ||
Schedule of Expected Credit Loss [Line Items] | ||
ECL impact, £m | 1,059 | 868 |
Other retail | Severe downside | ||
Schedule of Expected Credit Loss [Line Items] | ||
ECL impact, £m | 1,450 | 973 |
Commercial banking | 1pp increase in unemployment £m | ||
Schedule of Expected Credit Loss [Line Items] | ||
ECL impact, £m | 99 | 49 |
Commercial banking | 1pp decrease in unemployment £m | ||
Schedule of Expected Credit Loss [Line Items] | ||
ECL impact, £m | (90) | (42) |
Commercial banking | Upside | ||
Schedule of Expected Credit Loss [Line Items] | ||
ECL impact, £m | 1,403 | 1,278 |
Commercial banking | Base case | ||
Schedule of Expected Credit Loss [Line Items] | ||
ECL impact, £m | 1,567 | 1,342 |
Commercial banking | Downside | ||
Schedule of Expected Credit Loss [Line Items] | ||
ECL impact, £m | 2,046 | 1,500 |
Commercial banking | Severe downside | ||
Schedule of Expected Credit Loss [Line Items] | ||
ECL impact, £m | 4,672 | 2,085 |
Other £m | 1pp increase in unemployment £m | ||
Schedule of Expected Credit Loss [Line Items] | ||
ECL impact, £m | 0 | 1 |
Other £m | 1pp decrease in unemployment £m | ||
Schedule of Expected Credit Loss [Line Items] | ||
ECL impact, £m | 0 | (1) |
Other £m | Upside | ||
Schedule of Expected Credit Loss [Line Items] | ||
ECL impact, £m | 1 | 400 |
Other £m | Base case | ||
Schedule of Expected Credit Loss [Line Items] | ||
ECL impact, £m | 1 | 400 |
Other £m | Downside | ||
Schedule of Expected Credit Loss [Line Items] | ||
ECL impact, £m | 2 | 400 |
Other £m | Severe downside | ||
Schedule of Expected Credit Loss [Line Items] | ||
ECL impact, £m | £ 2 | £ 400 |
ALLOWANCE FOR EXPECTED CREDIT_8
ALLOWANCE FOR EXPECTED CREDIT LOSSES - Disclosure of Application of Judgement in Adjustments to Modelled ECL (Details) - GBP (£) £ in Millions | 12 Months Ended | |
Dec. 31, 2022 | Dec. 31, 2021 | |
Schedule of Allowance Account for Credit Losses of Financial Assets [Line Items] | ||
Allowance account for credit losses of financial assets | £ 4,796 | £ 4,000 |
Modelled ECL £m | ||
Schedule of Allowance Account for Credit Losses of Financial Assets [Line Items] | ||
Allowance account for credit losses of financial assets | 3,458 | 1,817 |
Individually assessed £m | ||
Schedule of Allowance Account for Credit Losses of Financial Assets [Line Items] | ||
Allowance account for credit losses of financial assets | 1,008 | 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 | 1 | 773 |
Inflationary judgements | ||
Schedule of Allowance Account for Credit Losses of Financial Assets [Line Items] | ||
Allowance account for credit losses of financial assets | 195 | 52 |
Other judgements | ||
Schedule of Allowance Account for Credit Losses of Financial Assets [Line Items] | ||
Allowance account for credit losses of financial assets | 134 | 453 |
UK mortgages | ||
Schedule of Allowance Account for Credit Losses of Financial Assets [Line Items] | ||
Allowance account for credit losses of financial assets | £ 1,209 | 837 |
UK mortgages | Other judgements | ||
Schedule of Allowance Account for Credit Losses of Financial Assets [Line Items] | ||
Loans to customers probability of default (in percent) | 70% | |
UK mortgages | Modelled ECL £m | ||
Schedule of Allowance Account for Credit Losses of Financial Assets [Line Items] | ||
Allowance account for credit losses of financial assets | £ 946 | 292 |
UK mortgages | Individually assessed £m | ||
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] | ||
Increase in allowance account for credit losses of financial assets | 52 | |
Allowance account for credit losses of financial assets | 0 | 67 |
UK mortgages | Judgements due to COVID-19 | 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 | |
UK mortgages | Inflationary judgements | ||
Schedule of Allowance Account for Credit Losses of Financial Assets [Line Items] | ||
Allowance account for credit losses of financial assets | 49 | 52 |
UK mortgages | Inflationary judgements | Judgements due to inflationary risk | ||
Schedule of Allowance Account for Credit Losses of Financial Assets [Line Items] | ||
Increase in allowance account for credit losses of financial assets | 49 | 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 | 214 | 426 |
UK mortgages | Increase in time to repossession | Other judgements | ||
Schedule of Allowance Account for Credit Losses of Financial Assets [Line Items] | ||
Increase in allowance account for credit losses of financial assets | 118 | 87 |
UK mortgages | Asset recovery values | Other judgements | ||
Schedule of Allowance Account for Credit Losses of Financial Assets [Line Items] | ||
Increase in allowance account for credit losses of financial assets | 69 | 21 |
UK mortgages | Adjustments for specific segments | Other judgements | ||
Schedule of Allowance Account for Credit Losses of Financial Assets [Line Items] | ||
Increase in allowance account for credit losses of financial assets | 25 | 54 |
UK mortgages | Adjustment for specific sector, probability of default on forborne accounts | Other judgements | ||
Schedule of Allowance Account for Credit Losses of Financial Assets [Line Items] | ||
Increase in allowance account for credit losses of financial assets | 18 | |
UK mortgages | Adjustment for specific sector, safety and cladding uncertainty | Other judgements | ||
Schedule of Allowance Account for Credit Losses of Financial Assets [Line Items] | ||
Increase in allowance account for credit losses of financial assets | 25 | 36 |
Credit cards | ||
Schedule of Allowance Account for Credit Losses of Financial Assets [Line Items] | ||
Allowance account for credit losses of financial assets | 763 | 521 |
Credit cards | Modelled ECL £m | ||
Schedule of Allowance Account for Credit Losses of Financial Assets [Line Items] | ||
Allowance account for credit losses of financial assets | 698 | 436 |
Credit cards | Individually assessed £m | ||
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 | 0 | 94 |
Credit cards | Inflationary judgements | ||
Schedule of Allowance Account for Credit Losses of Financial Assets [Line Items] | ||
Allowance account for credit losses of financial assets | 93 | 0 |
Credit cards | Inflationary judgements | Retail | ||
Schedule of Allowance Account for Credit Losses of Financial Assets [Line Items] | ||
Allowance account for credit losses of financial assets | 93 | 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 | (28) | (9) |
Credit cards | Extension of modelled lifetime on retail revolving products | Other judgements | ||
Schedule of Allowance Account for Credit Losses of Financial Assets [Line Items] | ||
Increase in allowance account for credit losses of financial assets | 82 | 41 |
Other retail | ||
Schedule of Allowance Account for Credit Losses of Financial Assets [Line Items] | ||
Allowance account for credit losses of financial assets | 1,016 | 825 |
Other retail | Modelled ECL £m | ||
Schedule of Allowance Account for Credit Losses of Financial Assets [Line Items] | ||
Allowance account for credit losses of financial assets | 903 | 757 |
Other retail | Individually assessed £m | ||
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 | 1 | 18 |
Other retail | Judgements due to COVID-19 | 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 | 100 | |
Other retail | Inflationary judgements | ||
Schedule of Allowance Account for Credit Losses of Financial Assets [Line Items] | ||
Allowance account for credit losses of financial assets | 53 | 0 |
Other retail | Inflationary judgements | Retail | ||
Schedule of Allowance Account for Credit Losses of Financial Assets [Line Items] | ||
Allowance account for credit losses of financial assets | 53 | 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 | 59 | 50 |
Other retail | Extension of modelled lifetime on retail revolving products | Other judgements | ||
Schedule of Allowance Account for Credit Losses of Financial Assets [Line Items] | ||
Increase in allowance account for credit losses of financial assets | 14 | 5 |
Other retail | Credit card loss given default alignment (LGD) | Other judgements | ||
Schedule of Allowance Account for Credit Losses of Financial Assets [Line Items] | ||
Increase in allowance account for credit losses of financial assets | (96) | (37) |
Other retail | Other retail loss given default alignment (LGD) | Other judgements | ||
Schedule of Allowance Account for Credit Losses of Financial Assets [Line Items] | ||
Increase in allowance account for credit losses of financial assets | 13 | 24 |
Other retail | Motor default suppression | Other judgements | ||
Schedule of Allowance Account for Credit Losses of Financial Assets [Line Items] | ||
Increase in allowance account for credit losses of financial assets | 13 | 0 |
Commercial banking | ||
Schedule of Allowance Account for Credit Losses of Financial Assets [Line Items] | ||
Allowance account for credit losses of financial assets | 1,807 | 1,416 |
Commercial banking | Modelled ECL £m | ||
Schedule of Allowance Account for Credit Losses of Financial Assets [Line Items] | ||
Allowance account for credit losses of financial assets | 910 | 331 |
Commercial banking | Individually assessed £m | ||
Schedule of Allowance Account for Credit Losses of Financial Assets [Line Items] | ||
Allowance account for credit losses of financial assets | 1,008 | 905 |
Commercial banking | Judgements due to COVID-19 | ||
Schedule of Allowance Account for Credit Losses of Financial Assets [Line Items] | ||
Increase in allowance account for credit losses of financial assets | 88 | |
Allowance account for credit losses of financial assets | 0 | 194 |
Commercial banking | Judgements due to COVID-19 | 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 | 100 | |
Commercial banking | Inflationary judgements | ||
Schedule of Allowance Account for Credit Losses of Financial Assets [Line Items] | ||
Allowance account for credit losses of financial assets | 0 | 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 | (111) | (14) |
Commercial banking | Loss given default alignment (LGD) | Other judgements | ||
Schedule of Allowance Account for Credit Losses of Financial Assets [Line Items] | ||
Increase in allowance account for credit losses of financial assets | (105) | (25) |
Commercial banking | Corporate insolvency rates | Other judgements | ||
Schedule of Allowance Account for Credit Losses of Financial Assets [Line Items] | ||
Increase in allowance account for credit losses of financial assets | (35) | 0 |
Other £m | ||
Schedule of Allowance Account for Credit Losses of Financial Assets [Line Items] | ||
Allowance account for credit losses of financial assets | 1 | 401 |
Other £m | Modelled ECL £m | ||
Schedule of Allowance Account for Credit Losses of Financial Assets [Line Items] | ||
Allowance account for credit losses of financial assets | 1 | 1 |
Other £m | Individually assessed £m | ||
Schedule of Allowance Account for Credit Losses of Financial Assets [Line Items] | ||
Allowance account for credit losses of financial assets | 0 | 0 |
Other £m | 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 | 0 | 400 |
Other £m | Inflationary judgements | ||
Schedule of Allowance Account for Credit Losses of Financial Assets [Line Items] | ||
Allowance account for credit losses of financial assets | 0 | 0 |
Other £m | Other judgements | ||
Schedule of Allowance Account for Credit Losses of Financial Assets [Line Items] | ||
Allowance account for credit losses of financial assets | £ 0 | 0 |
Commercial Banking Risks | Judgements due to COVID-19 | ||
Schedule of Allowance Account for Credit Losses of Financial Assets [Line Items] | ||
Increase in allowance account for credit losses of financial assets | 80 | |
Credit Cards, Retail Excluding UK Mortgages, And Business Banking | Judgements due to COVID-19 | ||
Schedule of Allowance Account for Credit Losses of Financial Assets [Line Items] | ||
Increase in allowance account for credit losses of financial assets | £ 134 |
FINANCE LEASE RECEIVABLES AND_2
FINANCE LEASE RECEIVABLES AND HIRE PURCHASE RECEIVABLES - Schedule of Lease Receivable Balances (Details) - GBP (£) £ in Millions | Dec. 31, 2022 | Dec. 31, 2021 |
Gross investment in finance leases, receivable: | ||
Finance leases | £ 740 | £ 1,002 |
Unearned future finance income | (106) | (147) |
Rentals received in advance | (9) | (12) |
Net investment | 625 | 843 |
Gross investment in hire purchase, receivable: | ||
Hire purchase | 17,508 | 17,223 |
Unearned future finance income | (1,447) | (1,349) |
Rentals received in advance | (111) | (89) |
Net Investment In Hire Purchase | 15,950 | 15,785 |
Not later than 1 year | ||
Gross investment in finance leases, receivable: | ||
Finance leases | 216 | 339 |
Net investment | 175 | 280 |
Gross investment in hire purchase, receivable: | ||
Hire purchase | 6,307 | 4,720 |
Net Investment In Hire Purchase | 5,618 | 4,004 |
Later than 1 year and not later than 2 years | ||
Gross investment in finance leases, receivable: | ||
Finance leases | 215 | 135 |
Net investment | 190 | 108 |
Gross investment in hire purchase, receivable: | ||
Hire purchase | 3,872 | 4,517 |
Net Investment In Hire Purchase | 3,447 | 4,151 |
Later than 2 years and not later than 3 years | ||
Gross investment in finance leases, receivable: | ||
Finance leases | 111 | 222 |
Net investment | 94 | 198 |
Gross investment in hire purchase, receivable: | ||
Hire purchase | 3,707 | 3,981 |
Net Investment In Hire Purchase | 3,440 | 3,766 |
Later than 3 years and not later than 4 years | ||
Gross investment in finance leases, receivable: | ||
Finance leases | 45 | 110 |
Net investment | 35 | 94 |
Gross investment in hire purchase, receivable: | ||
Hire purchase | 2,962 | 2,817 |
Net Investment In Hire Purchase | 2,844 | 2,744 |
Later than 4 years and not later than 5 years | ||
Gross investment in finance leases, receivable: | ||
Finance leases | 31 | 46 |
Net investment | 24 | 35 |
Gross investment in hire purchase, receivable: | ||
Hire purchase | 385 | 814 |
Net Investment In Hire Purchase | 356 | 765 |
Over 5 years £m | ||
Gross investment in finance leases, receivable: | ||
Finance leases | 122 | 150 |
Net investment | 107 | 128 |
Gross investment in hire purchase, receivable: | ||
Hire purchase | 275 | 374 |
Net Investment In Hire Purchase | £ 245 | £ 355 |
FINANCE LEASE RECEIVABLES AND_3
FINANCE LEASE RECEIVABLES AND HIRE PURCHASE RECEIVABLES - Schedule of Lease Receivable Net Investment (Details) - GBP (£) £ in Millions | Dec. 31, 2022 | Dec. 31, 2021 |
Net investment in finance lease receivable [Abstract] | ||
Net investment | £ 625 | £ 843 |
Net investment in hire purchase receivable [Abstract] | ||
Net investment | 15,950 | 15,785 |
Not later than 1 year | ||
Net investment in finance lease receivable [Abstract] | ||
Net investment | 175 | 280 |
Net investment in hire purchase receivable [Abstract] | ||
Net investment | 5,618 | 4,004 |
Later than 1 year and not later than 2 years | ||
Net investment in finance lease receivable [Abstract] | ||
Net investment | 190 | 108 |
Net investment in hire purchase receivable [Abstract] | ||
Net investment | 3,447 | 4,151 |
Later than 2 years and not later than 3 years | ||
Net investment in finance lease receivable [Abstract] | ||
Net investment | 94 | 198 |
Net investment in hire purchase receivable [Abstract] | ||
Net investment | 3,440 | 3,766 |
Later than 3 years and not later than 4 years | ||
Net investment in finance lease receivable [Abstract] | ||
Net investment | 35 | 94 |
Net investment in hire purchase receivable [Abstract] | ||
Net investment | 2,844 | 2,744 |
Later than 4 years and not later than 5 years | ||
Net investment in finance lease receivable [Abstract] | ||
Net investment | 24 | 35 |
Net investment in hire purchase receivable [Abstract] | ||
Net investment | 356 | 765 |
Later than 5 years | ||
Net investment in finance lease receivable [Abstract] | ||
Net investment | 107 | 128 |
Net investment in hire purchase receivable [Abstract] | ||
Net investment | £ 245 | £ 355 |
FINANCE LEASE RECEIVABLES AND_4
FINANCE LEASE RECEIVABLES AND HIRE PURCHASE RECEIVABLES - Narrative (Details) - GBP (£) £ in Millions | Dec. 31, 2022 | Dec. 31, 2021 |
Disclosure of maturity analysis of finance lease payments receivable [text block] [Abstract] | ||
Allowance for uncollectable finance lease receivables | £ 13 | £ 18 |
Hire purchases, net investment in hire purchases, allowance for uncollectible minimum payments | £ 251 | £ 275 |
FINANCE LEASE RECEIVABLES AND_5
FINANCE LEASE RECEIVABLES AND HIRE PURCHASE RECEIVABLES - Schedule of Finance Leases and Hire Purchases (Details) - GBP (£) £ in Millions | Dec. 31, 2022 | Dec. 31, 2021 |
FINANCE LEASE RECEIVABLES (Details) - Schedule of Lease Receivable Balances [Line Items] | ||
Finance leases | £ 740 | £ 1,002 |
Hire purchase | 17,508 | 17,223 |
Net investment | 625 | 843 |
Net investment | 15,950 | 15,785 |
Electric vehicles | ||
FINANCE LEASE RECEIVABLES (Details) - Schedule of Lease Receivable Balances [Line Items] | ||
Finance leases | 8 | 3 |
Hire purchase | 576 | 429 |
Internal combustion engine vehicles | ||
FINANCE LEASE RECEIVABLES (Details) - Schedule of Lease Receivable Balances [Line Items] | ||
Finance leases | 176 | 142 |
Hire purchase | 10,743 | 10,640 |
Hybrid vehicles | ||
FINANCE LEASE RECEIVABLES (Details) - Schedule of Lease Receivable Balances [Line Items] | ||
Finance leases | 5 | 3 |
Hire purchase | 737 | 522 |
Other £m | ||
FINANCE LEASE RECEIVABLES (Details) - Schedule of Lease Receivable Balances [Line Items] | ||
Finance leases | 436 | 695 |
Hire purchase | £ 3,894 | £ 4,194 |
FINANCIAL ASSETS AT FAIR VALU_7
FINANCIAL ASSETS AT FAIR VALUE THROUGH OTHER COMPREHENSIVE INCOME - Schedule of Financial Assets At Fair Value Through Other Comprehensive Income (Details) - GBP (£) £ in Millions | Dec. 31, 2022 | Dec. 31, 2021 |
Debt Securities | ||
Net carrying amount | £ 7,331 | £ 4,562 |
Total financial assets at fair value through other comprehensive income | 22,846 | 27,786 |
Financial assets at fair value through other comprehensive income | ||
Debt Securities | ||
Government securities | 11,196 | 14,599 |
Asset-backed securities | 138 | 55 |
Corporate and other debt securities | 11,511 | 13,131 |
Net carrying amount | 22,845 | 27,785 |
Equity shares | 1 | 1 |
Total financial assets at fair value through other comprehensive income | £ 22,846 | £ 27,786 |
FINANCIAL ASSETS AT FAIR VALU_8
FINANCIAL ASSETS AT FAIR VALUE THROUGH OTHER COMPREHENSIVE INCOME - Narrative (Details) - GBP (£) £ in Millions | Dec. 31, 2022 | Dec. 31, 2021 |
Disclosure Of Fair Value Of Each Investment Designated As Measured At Fair Value Through Other Comprehensive Income Explanatory [Abstract] | ||
Financial assets at fair value through other comprehensive income with maturities greater than one year | £ 20,766 | £ 24,947 |
GOODWILL OF THE GROUP - Schedul
GOODWILL OF THE GROUP - Schedule of Goodwill (Details) £ in Millions | Dec. 31, 2022 GBP (£) |
GOODWILL OF THE GROUP (Details) - Schedule of Goodwill [Line Items] | |
At 1 January | £ 470 |
At 31 December | 470 |
Cost | |
GOODWILL OF THE GROUP (Details) - Schedule of Goodwill [Line Items] | |
At 1 January | 814 |
At 31 December | 814 |
Accumulated impairment losses | |
GOODWILL OF THE GROUP (Details) - Schedule of Goodwill [Line Items] | |
At 1 January | 344 |
At 31 December | £ 344 |
GOODWILL OF THE GROUP - Narrati
GOODWILL OF THE GROUP - Narrative (Details) - GBP (£) £ in Millions | 12 Months Ended | ||
Dec. 31, 2022 | Dec. 31, 2021 | Dec. 31, 2020 | |
GOODWILL OF THE GROUP (Details) - Narrative [Line Items] | |||
Goodwill | £ 470 | £ 470 | |
Operating expense | |||
GOODWILL OF THE GROUP (Details) - Narrative [Line Items] | |||
Impairment loss recognised in profit or loss, goodwill | 0 | 0 | £ 4 |
Cards | |||
GOODWILL OF THE GROUP (Details) - Narrative [Line Items] | |||
Goodwill | £ 302 | £ 302 | |
Percentage of entity goodwill (in percent) | 64% | 64% | |
Discount rate applied to cash flow projections (in percent) | 10% | ||
Growth rate used to extrapolate cash flow projections (in percent) | 3.50% | ||
Motor finance | |||
GOODWILL OF THE GROUP (Details) - Narrative [Line Items] | |||
Goodwill | £ 166 | £ 166 | |
Percentage of entity goodwill (in percent) | 35% | 35% | |
Discount rate applied to cash flow projections (in percent) | 10% | ||
Growth rate used to extrapolate cash flow projections (in percent) | 3.50% |
OTHER INTANGIBLE ASSETS - Sched
OTHER INTANGIBLE ASSETS - Schedule of Other Intangible Assets (Details) - GBP (£) £ in Millions | 12 Months Ended | |
Dec. 31, 2022 | Dec. 31, 2021 | |
OTHER INTANGIBLE ASSETS (Details) - Schedule of Other Intangible Assets [Line Items] | ||
At 1 January | £ 4,144 | |
At 31 December | 4,654 | £ 4,144 |
Cost | ||
OTHER INTANGIBLE ASSETS (Details) - Schedule of Other Intangible Assets [Line Items] | ||
At 1 January | 10,787 | 10,261 |
Additions | 1,395 | 986 |
Disposals and write-offs | (460) | |
Exchange and other adjustments | 1 | |
Disposals | (186) | |
At 31 December | 11,997 | 10,787 |
Accumulated amortisation | ||
OTHER INTANGIBLE ASSETS (Details) - Schedule of Other Intangible Assets [Line Items] | ||
At 1 January | 6,643 | 6,149 |
Disposals and write-offs | (460) | |
Exchange and other adjustments | (9) | |
Disposals | (186) | |
Charge for the year (note 9) | 895 | 954 |
At 31 December | 7,343 | 6,643 |
Brands £m | ||
OTHER INTANGIBLE ASSETS (Details) - Schedule of Other Intangible Assets [Line Items] | ||
At 1 January | 380 | |
At 31 December | 380 | 380 |
Brands £m | Cost | ||
OTHER INTANGIBLE ASSETS (Details) - Schedule of Other Intangible Assets [Line Items] | ||
At 1 January | 584 | 584 |
Additions | 0 | 0 |
Disposals and write-offs | 0 | |
Exchange and other adjustments | 0 | |
Disposals | 0 | |
At 31 December | 584 | 584 |
Brands £m | Accumulated amortisation | ||
OTHER INTANGIBLE ASSETS (Details) - Schedule of Other Intangible Assets [Line Items] | ||
At 1 January | 204 | 204 |
Disposals and write-offs | 0 | |
Exchange and other adjustments | 0 | |
Disposals | 0 | |
Charge for the year (note 9) | 0 | 0 |
At 31 December | 204 | 204 |
Core deposit intangible £m | ||
OTHER INTANGIBLE ASSETS (Details) - Schedule of Other Intangible Assets [Line Items] | ||
At 1 January | 0 | |
At 31 December | 0 | 0 |
Core deposit intangible £m | Cost | ||
OTHER INTANGIBLE ASSETS (Details) - Schedule of Other Intangible Assets [Line Items] | ||
At 1 January | 2,770 | 2,770 |
Additions | 0 | 0 |
Disposals and write-offs | 0 | |
Exchange and other adjustments | 0 | |
Disposals | 0 | |
At 31 December | 2,770 | 2,770 |
Core deposit intangible £m | Accumulated amortisation | ||
OTHER INTANGIBLE ASSETS (Details) - Schedule of Other Intangible Assets [Line Items] | ||
At 1 January | 2,770 | 2,770 |
Disposals and write-offs | 0 | |
Exchange and other adjustments | 0 | |
Disposals | 0 | |
Charge for the year (note 9) | 0 | 0 |
At 31 December | 2,770 | 2,770 |
Purchased credit card relationships £m | ||
OTHER INTANGIBLE ASSETS (Details) - Schedule of Other Intangible Assets [Line Items] | ||
At 1 January | 381 | |
At 31 December | 310 | 381 |
Purchased credit card relationships £m | Cost | ||
OTHER INTANGIBLE ASSETS (Details) - Schedule of Other Intangible Assets [Line Items] | ||
At 1 January | 1,002 | 1,002 |
Additions | 0 | 0 |
Disposals and write-offs | 0 | |
Exchange and other adjustments | 0 | |
Disposals | 0 | |
At 31 December | 1,002 | 1,002 |
Purchased credit card relationships £m | Accumulated amortisation | ||
OTHER INTANGIBLE ASSETS (Details) - Schedule of Other Intangible Assets [Line Items] | ||
At 1 January | 621 | 551 |
Disposals and write-offs | 0 | |
Exchange and other adjustments | 1 | |
Disposals | 0 | |
Charge for the year (note 9) | 70 | 70 |
At 31 December | 692 | 621 |
Customer- related intangibles £m | ||
OTHER INTANGIBLE ASSETS (Details) - Schedule of Other Intangible Assets [Line Items] | ||
At 1 January | 0 | |
At 31 December | 0 | 0 |
Customer- related intangibles £m | Cost | ||
OTHER INTANGIBLE ASSETS (Details) - Schedule of Other Intangible Assets [Line Items] | ||
At 1 January | 50 | 50 |
Additions | 0 | 0 |
Disposals and write-offs | 0 | |
Exchange and other adjustments | 0 | |
Disposals | 0 | |
At 31 December | 50 | 50 |
Customer- related intangibles £m | Accumulated amortisation | ||
OTHER INTANGIBLE ASSETS (Details) - Schedule of Other Intangible Assets [Line Items] | ||
At 1 January | 50 | 50 |
Disposals and write-offs | 0 | |
Exchange and other adjustments | 0 | |
Disposals | 0 | |
Charge for the year (note 9) | 0 | 0 |
At 31 December | 50 | 50 |
Capitalised software enhancements £m | ||
OTHER INTANGIBLE ASSETS (Details) - Schedule of Other Intangible Assets [Line Items] | ||
At 1 January | 3,383 | |
At 31 December | 3,964 | 3,383 |
Capitalised software enhancements £m | Cost | ||
OTHER INTANGIBLE ASSETS (Details) - Schedule of Other Intangible Assets [Line Items] | ||
At 1 January | 6,381 | 5,855 |
Additions | 1,395 | 986 |
Disposals and write-offs | (460) | |
Exchange and other adjustments | 1 | |
Disposals | (186) | |
At 31 December | 7,591 | 6,381 |
Capitalised software enhancements £m | Accumulated amortisation | ||
OTHER INTANGIBLE ASSETS (Details) - Schedule of Other Intangible Assets [Line Items] | ||
At 1 January | 2,998 | 2,574 |
Disposals and write-offs | (460) | |
Exchange and other adjustments | (10) | |
Disposals | (186) | |
Charge for the year (note 9) | 825 | 884 |
At 31 December | £ 3,627 | £ 2,998 |
OTHER INTANGIBLE ASSETS - Narra
OTHER INTANGIBLE ASSETS - Narrative (Details) - GBP (£) £ in Millions | Dec. 31, 2022 | Dec. 31, 2021 |
OTHER INTANGIBLE ASSETS (Details) - Narrative [Line Items] | ||
Intangible assets other than goodwill | £ 4,654 | £ 4,144 |
Brands £m | ||
OTHER INTANGIBLE ASSETS (Details) - Narrative [Line Items] | ||
Intangible assets other than goodwill | £ 380 | £ 380 |
Discount rate used in current estimate of value in use (in percent) | 10% | |
Growth rate used to extrapolate cash flow projections (in percent) | 3.50% |
INVESTMENT IN SUBSIDIARY UNDERT
INVESTMENT IN SUBSIDIARY UNDERTAKINGS OF THE BANK - Schedule of Investment in Subsidiary Undertakings of the Bank (Details) - GBP (£) £ in Millions | 12 Months Ended | ||
Dec. 31, 2022 | Dec. 31, 2021 | Dec. 31, 2020 | |
INVESTMENT IN SUBSIDIARY UNDERTAKINGS OF THE BANK (Details) - Schedule of Investment in Subsidiary Undertakings of the Bank [Line Items] | |||
Capital contributions | £ (221) | £ (164) | £ (140) |
Capital repayments | £ (4) | £ (4) | £ (4) |
OTHER ASSETS - Schedule of Othe
OTHER ASSETS - Schedule of Other Assets (Details) - GBP (£) £ in Millions | Dec. 31, 2022 | Dec. 31, 2021 |
Property, plant and equipment: | ||
Property, plant and equipment: | £ 8,068 | £ 7,898 |
Settlement balances | 98 | 52 |
Prepayments | 1,105 | 905 |
Other assets | 622 | 744 |
Total other assets | 9,893 | 9,599 |
Investment properties | ||
Property, plant and equipment: | ||
Property, plant and equipment: | 3 | 4 |
Premises | ||
Property, plant and equipment: | ||
Property, plant and equipment: | 852 | 803 |
Equipment | ||
Property, plant and equipment: | ||
Property, plant and equipment: | 1,278 | 1,627 |
Operating lease assets (see below) | ||
Property, plant and equipment: | ||
Property, plant and equipment: | 4,816 | 4,196 |
Right-of-use assets (note 22) | ||
Property, plant and equipment: | ||
Property, plant and equipment: | £ 1,119 | £ 1,268 |
OTHER ASSETS - Schedule of Futu
OTHER ASSETS - Schedule of Future Minimum Rentals Receivable under Non-Cancellable Operating Leases (Details) - GBP (£) £ in Millions | Dec. 31, 2022 | Dec. 31, 2021 |
OTHER ASSETS (Details) - Schedule of Other Assets [Line Items] | ||
Future minimum rentals receivable | £ 1,967 | £ 1,791 |
Within 1 year | ||
OTHER ASSETS (Details) - Schedule of Other Assets [Line Items] | ||
Future minimum rentals receivable | 912 | 848 |
1 to 2 years | ||
OTHER ASSETS (Details) - Schedule of Other Assets [Line Items] | ||
Future minimum rentals receivable | 620 | 561 |
2 to 3 years | ||
OTHER ASSETS (Details) - Schedule of Other Assets [Line Items] | ||
Future minimum rentals receivable | 322 | 288 |
3 to 4 years | ||
OTHER ASSETS (Details) - Schedule of Other Assets [Line Items] | ||
Future minimum rentals receivable | 102 | 86 |
4 to 5 years | ||
OTHER ASSETS (Details) - Schedule of Other Assets [Line Items] | ||
Future minimum rentals receivable | 11 | 8 |
Over 5 years £m | ||
OTHER ASSETS (Details) - Schedule of Other Assets [Line Items] | ||
Future minimum rentals receivable | £ 0 | £ 0 |
OTHER ASSETS - Schedule of Oper
OTHER ASSETS - Schedule of Operating Lease Assets (Details) - GBP (£) £ in Millions | Dec. 31, 2022 | Dec. 31, 2021 |
OTHER ASSETS (Details) - Schedule of Other Assets [Line Items] | ||
Property, plant and equipment: | £ 8,068 | £ 7,898 |
Operating lease assets (see below) | ||
OTHER ASSETS (Details) - Schedule of Other Assets [Line Items] | ||
Property, plant and equipment: | 4,816 | 4,196 |
Operating lease assets (see below) | Electric vehicles | ||
OTHER ASSETS (Details) - Schedule of Other Assets [Line Items] | ||
Property, plant and equipment: | 1,610 | 728 |
Operating lease assets (see below) | Internal combustion engine vehicles | ||
OTHER ASSETS (Details) - Schedule of Other Assets [Line Items] | ||
Property, plant and equipment: | 2,042 | 2,531 |
Operating lease assets (see below) | Hybrid vehicles | ||
OTHER ASSETS (Details) - Schedule of Other Assets [Line Items] | ||
Property, plant and equipment: | 1,159 | 928 |
Operating lease assets (see below) | Other | ||
OTHER ASSETS (Details) - Schedule of Other Assets [Line Items] | ||
Property, plant and equipment: | £ 5 | £ 9 |
LESSEE DISCLOSURES (Details)
LESSEE DISCLOSURES (Details) - GBP (£) £ in Millions | 12 Months Ended | ||
Dec. 31, 2022 | Dec. 31, 2021 | Dec. 31, 2020 | |
Disclosure Of Leases [Abstract] | |||
At 1 January | £ 1,119 | £ 1,268 | £ 1,434 |
Exchange and other adjustments | 0 | (9) | |
Additions | 97 | 71 | |
Disposals | (33) | (12) | |
Depreciation charge for the year | (213) | (216) | |
At 31 December | 1,119 | 1,268 | |
Payments of lease liabilities, classified as financing activities | £ 204 | £ 243 |
FINANCIAL LIABILITIES AT FAIR_3
FINANCIAL LIABILITIES AT FAIR VALUE THROUGH PROFIT OR LOSS - Schedule of Trading and Other Financial Liabilities and Fair Value Through Profit or Loss (Details) - GBP (£) £ in Millions | Dec. 31, 2022 | Dec. 31, 2021 |
Disclosure Of Trading And Other Financial Liabilities At Fair Value Through Profit Or Loss [Abstract] | ||
Liabilities designated at fair value through profit or loss: debt securities in issue | £ 5,159 | £ 6,537 |
FINANCIAL LIABILITIES AT FAIR_4
FINANCIAL LIABILITIES AT FAIR VALUE THROUGH PROFIT OR LOSS - Narrative (Details) - GBP (£) £ in Millions | 12 Months Ended | ||
Dec. 31, 2022 | Dec. 31, 2021 | Dec. 31, 2020 | |
FINANCIAL LIABILITIES AT FAIR VALUE THROUGH PROFIT OR LOSS (Details) - Narrative [Line Items] | |||
Financial liabilities at fair value through profit or loss | £ 5,159 | £ 6,537 | |
Amount contractually payable | 11,195 | 10,558 | |
Difference between balance sheet carrying value and amount contractually payable | 6,036 | 4,021 | |
Cumulative increase in fair value measurement, liabilities | (324) | ||
Fair value losses before tax | (519) | 86 | £ 75 |
1 year or over original maturity | |||
FINANCIAL LIABILITIES AT FAIR VALUE THROUGH PROFIT OR LOSS (Details) - Narrative [Line Items] | |||
Financial liabilities at fair value through profit or loss | £ 4,965 | £ 6,258 |
DEBT SECURITIES IN ISSUE - Sche
DEBT SECURITIES IN ISSUE - Schedule of Debt Securities in Issue (Details) - GBP (£) £ in Millions | Dec. 31, 2022 | Dec. 31, 2021 |
DEBT SECURITIES IN ISSUE (Details) - Schedule of Debt Securities in Issue [Line Items] | ||
Senior unsecured notes issued | £ 1,280 | £ 1,321 |
Total debt securities in issue | 49,056 | 48,724 |
Before IFRS 9 impairment adjustments | ||
DEBT SECURITIES IN ISSUE (Details) - Schedule of Debt Securities in Issue [Line Items] | ||
Senior unsecured notes issued | 21,377 | 23,820 |
Covered bonds (note 25) | 14,240 | 17,407 |
Certificates of deposit issued | 1,607 | 290 |
Securitisation notes (note 25) | 2,780 | 3,672 |
Commercial paper | 9,052 | 3,535 |
Total debt securities in issue | £ 49,056 | £ 48,724 |
DEBT SECURITIES IN ISSUE - Narr
DEBT SECURITIES IN ISSUE - Narrative (Details) - GBP (£) £ in Millions | Dec. 31, 2022 | Dec. 31, 2021 |
DEBT SECURITIES IN ISSUE (Details) - Narrative [Line Items] | ||
Debt securities in issue | £ 49,056 | £ 48,724 |
1 year or over original maturity | ||
DEBT SECURITIES IN ISSUE (Details) - Narrative [Line Items] | ||
Debt securities in issue | £ 30,571 | £ 33,369 |
SECURITISATIONS AND COVERED B_3
SECURITISATIONS AND COVERED BONDS - Schedule of Securitisation and Covered Bond Programmes (Details) - GBP (£) £ in Millions | Dec. 31, 2022 | Dec. 31, 2021 |
SECURITISATIONS AND COVERED BONDS (Details) - Schedule of Securitisation and Covered Bond Programmes [Line Items] | ||
Securitisation and covered bond programmes | £ 1,280 | £ 1,321 |
Securitisation programmes | ||
SECURITISATIONS AND COVERED BONDS (Details) - Schedule of Securitisation and Covered Bond Programmes [Line Items] | ||
Securitisation notes at fair value through profit or loss | 26 | 33 |
Loans and advances securitised | Securitisation programmes | ||
SECURITISATIONS AND COVERED BONDS (Details) - Schedule of Securitisation and Covered Bond Programmes [Line Items] | ||
Securitisation and covered bond programmes | 28,981 | 30,965 |
Loans and advances securitised | Covered bond programmes | Residential mortgage-backed | ||
SECURITISATIONS AND COVERED BONDS (Details) - Schedule of Securitisation and Covered Bond Programmes [Line Items] | ||
Securitisation and covered bond programmes | 27,400 | 35,896 |
Loans and advances securitised | Covered bond programmes | Social housing loan-backed | ||
SECURITISATIONS AND COVERED BONDS (Details) - Schedule of Securitisation and Covered Bond Programmes [Line Items] | ||
Securitisation and covered bond programmes | 831 | 833 |
Loans and advances securitised | UK residential mortgages and commercial loans | Securitisation programmes | ||
SECURITISATIONS AND COVERED BONDS (Details) - Schedule of Securitisation and Covered Bond Programmes [Line Items] | ||
Securitisation and covered bond programmes | 15,402 | 18,688 |
Loans and advances securitised | Credit card receivables | Securitisation programmes | ||
SECURITISATIONS AND COVERED BONDS (Details) - Schedule of Securitisation and Covered Bond Programmes [Line Items] | ||
Securitisation and covered bond programmes | 12,776 | 11,615 |
Loans and advances securitised | Motor vehicle finance | Securitisation programmes | ||
SECURITISATIONS AND COVERED BONDS (Details) - Schedule of Securitisation and Covered Bond Programmes [Line Items] | ||
Securitisation and covered bond programmes | 401 | 235 |
Loans and advances securitised | Dutch residential mortgages | Securitisation programmes | ||
SECURITISATIONS AND COVERED BONDS (Details) - Schedule of Securitisation and Covered Bond Programmes [Line Items] | ||
Securitisation and covered bond programmes | 402 | 427 |
Loans and advances securitised | Net Covered Bond Programmes | Covered bond programmes | ||
SECURITISATIONS AND COVERED BONDS (Details) - Schedule of Securitisation and Covered Bond Programmes [Line Items] | ||
Securitisation and covered bond programmes | 28,231 | 36,729 |
Externally held £m | ||
SECURITISATIONS AND COVERED BONDS (Details) - Schedule of Securitisation and Covered Bond Programmes [Line Items] | ||
Securitisation and covered bond programmes | 17,046 | 21,112 |
Externally held £m | Securitisation programmes | ||
SECURITISATIONS AND COVERED BONDS (Details) - Schedule of Securitisation and Covered Bond Programmes [Line Items] | ||
Securitisation and covered bond programmes | 2,806 | 3,705 |
Externally held £m | Covered bond programmes | Residential mortgage-backed | ||
SECURITISATIONS AND COVERED BONDS (Details) - Schedule of Securitisation and Covered Bond Programmes [Line Items] | ||
Securitisation and covered bond programmes | 13,740 | 16,907 |
Externally held £m | Covered bond programmes | Social housing loan-backed | ||
SECURITISATIONS AND COVERED BONDS (Details) - Schedule of Securitisation and Covered Bond Programmes [Line Items] | ||
Securitisation and covered bond programmes | 500 | 500 |
Externally held £m | UK residential mortgages and commercial loans | Securitisation programmes | ||
SECURITISATIONS AND COVERED BONDS (Details) - Schedule of Securitisation and Covered Bond Programmes [Line Items] | ||
Securitisation and covered bond programmes | 2,035 | 2,544 |
Externally held £m | Credit card receivables | Securitisation programmes | ||
SECURITISATIONS AND COVERED BONDS (Details) - Schedule of Securitisation and Covered Bond Programmes [Line Items] | ||
Securitisation and covered bond programmes | 223 | 594 |
Externally held £m | Motor vehicle finance | Securitisation programmes | ||
SECURITISATIONS AND COVERED BONDS (Details) - Schedule of Securitisation and Covered Bond Programmes [Line Items] | ||
Securitisation and covered bond programmes | 149 | 141 |
Externally held £m | Dutch residential mortgages | Securitisation programmes | ||
SECURITISATIONS AND COVERED BONDS (Details) - Schedule of Securitisation and Covered Bond Programmes [Line Items] | ||
Securitisation and covered bond programmes | 399 | 426 |
Externally held £m | Net Covered Bond Programmes | Covered bond programmes | ||
SECURITISATIONS AND COVERED BONDS (Details) - Schedule of Securitisation and Covered Bond Programmes [Line Items] | ||
Securitisation and covered bond programmes | £ 14,240 | £ 17,407 |
SECURITISATIONS AND COVERED B_4
SECURITISATIONS AND COVERED BONDS - Narrative (Details) - Securitisation programmes - GBP (£) £ in Millions | Dec. 31, 2022 | Dec. 31, 2021 |
SECURITISATIONS AND COVERED BONDS (Details) - Narrative [Line Items] | ||
Cash deposits held restricted in use to securitisation and covered bonds | £ 3,789 | £ 3,455 |
Maximum exposure to loss from interests in structured entities | £ 4 | £ 52 |
OTHER LIABILITIES - Schedule of
OTHER LIABILITIES - Schedule of Other Liabilities (Details) - GBP (£) £ in Millions | 12 Months Ended | |
Dec. 31, 2022 | Dec. 31, 2021 | |
OTHER LIABILITIES (Details) - Schedule of Other Liabilities [Line Items] | ||
Total other liabilities | £ 5,646 | £ 5,391 |
Settlement balances | ||
OTHER LIABILITIES (Details) - Schedule of Other Liabilities [Line Items] | ||
Settlement balances | 109 | 110 |
Lease liabilities | ||
OTHER LIABILITIES (Details) - Schedule of Other Liabilities [Line Items] | ||
Lease liabilities | 1,260 | 1,411 |
Other creditors and accruals | ||
OTHER LIABILITIES (Details) - Schedule of Other Liabilities [Line Items] | ||
Other creditors and accruals | £ 4,277 | £ 3,870 |
RETIREMENT BENEFIT OBLIGATION_2
RETIREMENT BENEFIT OBLIGATIONS - Schedule of Retirement Benefit Charges to Income Statement (Details) - GBP (£) £ in Millions | 12 Months Ended | ||
Dec. 31, 2022 | Dec. 31, 2021 | Dec. 31, 2020 | |
RETIREMENT BENEFIT OBLIGATIONS (Details) - Schedule of Retirement Benefit Charges to Income Statement [Line Items] | |||
Total charge to the income statement (note 9) | £ 439 | £ 523 | £ 552 |
Defined benefit pension schemes | |||
RETIREMENT BENEFIT OBLIGATIONS (Details) - Schedule of Retirement Benefit Charges to Income Statement [Line Items] | |||
Defined benefit scheme charges | 123 | 234 | 244 |
Other post-retirement benefit schemes | |||
RETIREMENT BENEFIT OBLIGATIONS (Details) - Schedule of Retirement Benefit Charges to Income Statement [Line Items] | |||
Defined benefit scheme charges | 2 | 2 | 3 |
Total defined benefit schemes | |||
RETIREMENT BENEFIT OBLIGATIONS (Details) - Schedule of Retirement Benefit Charges to Income Statement [Line Items] | |||
Defined benefit scheme charges | 125 | 236 | 247 |
Defined contribution pension schemes | |||
RETIREMENT BENEFIT OBLIGATIONS (Details) - Schedule of Retirement Benefit Charges to Income Statement [Line Items] | |||
Defined benefit scheme charges | 123 | 234 | 244 |
Defined contribution pension schemes | £ 314 | £ 287 | £ 305 |
RETIREMENT BENEFIT OBLIGATION_3
RETIREMENT BENEFIT OBLIGATIONS - Schedule of Retirement Benefits Recognised in Balance Sheet (Details) - GBP (£) £ in Millions | Dec. 31, 2022 | Dec. 31, 2021 |
Amounts recognised in the balance sheet | ||
Retirement benefit assets | £ 3,823 | £ 4,531 |
Retirement benefit obligations | (126) | (230) |
Amounts recognised in the balance sheet | ||
Amounts recognised in the balance sheet | ||
Retirement benefit assets | 3,823 | 4,531 |
Retirement benefit obligations | (126) | (230) |
Total amounts recognised in the balance sheet | £ 3,697 | £ 4,301 |
RETIREMENT BENEFIT OBLIGATION_4
RETIREMENT BENEFIT OBLIGATIONS - Schedule of Retirement Benefit Total Amounts Recognized in Balance Sheet (Details) - GBP (£) £ in Millions | Dec. 31, 2022 | Dec. 31, 2021 |
Defined benefit pension schemes | ||
RETIREMENT BENEFIT OBLIGATIONS (Details) - Schedule of Retirement Benefit Total Amounts Recognized in Balance Sheet [Line Items] | ||
Defined benefit schemes | £ 3,732 | £ 4,404 |
Amounts recognised in the balance sheet | ||
RETIREMENT BENEFIT OBLIGATIONS (Details) - Schedule of Retirement Benefit Total Amounts Recognized in Balance Sheet [Line Items] | ||
Defined benefit schemes | 3,697 | 4,301 |
Amounts recognised in the balance sheet | Defined benefit pension schemes | ||
RETIREMENT BENEFIT OBLIGATIONS (Details) - Schedule of Retirement Benefit Total Amounts Recognized in Balance Sheet [Line Items] | ||
Defined benefit schemes | 3,732 | 4,404 |
Amounts recognised in the balance sheet | Other Postretirement Benefit Schemes [Member] | ||
RETIREMENT BENEFIT OBLIGATIONS (Details) - Schedule of Retirement Benefit Total Amounts Recognized in Balance Sheet [Line Items] | ||
Defined benefit schemes | £ (35) | £ (103) |
RETIREMENT BENEFIT OBLIGATION_5
RETIREMENT BENEFIT OBLIGATIONS - Narrative (Details) - GBP (£) £ in Millions | 6 Months Ended | 12 Months Ended | ||||||
Jun. 30, 2023 | Dec. 31, 2023 | Dec. 31, 2022 | Dec. 31, 2021 | Dec. 31, 2020 | Jan. 28, 2022 | Jan. 28, 2020 | Dec. 31, 2019 | |
RETIREMENT BENEFIT OBLIGATIONS (Details) - Narrative [Line Items] | ||||||||
Percentage of gross defined benefit pension assets (in percent) | 94% | |||||||
Actuarial assumption of retirement age | 60 years | |||||||
Past service cost and gains (losses) arising from settlements, net defined benefit liability (asset) | £ 33 | |||||||
Scaling factor, base mortality (as percentage) | 4% | |||||||
Percentage reduction in defined benefit obligation (in percentage) | 1% | |||||||
Three most significant defined benefit schemes, percentage of total defined benefit obligations (in percent) | 90% | |||||||
Asset-liability matching strategy, liability sensitivity to interest rate movements (in percent) | 119% | |||||||
Share of scheme assets held to generate long term returns (in percentage) | 50% | |||||||
Share of scheme assets invested in bonds, fixed interest gilts, index linked gilts and interest rate and inflation swaps | 48% | |||||||
Asset-liability matching strategy, liability sensitivity to inflation movements (in percent) | 123% | |||||||
Longevity swaps value, retirement scheme plan assets | £ (100) | |||||||
Hedged percent of defined benefit scheme exposure to increases life expectancy (in percent) | 32% | |||||||
Period to 2030 | ||||||||
RETIREMENT BENEFIT OBLIGATIONS (Details) - Narrative [Line Items] | ||||||||
Gap between RPI and CPI (in basis points) | 1% | |||||||
After 2030 | ||||||||
RETIREMENT BENEFIT OBLIGATIONS (Details) - Narrative [Line Items] | ||||||||
Gap between RPI and CPI (in basis points) | 0.10% | |||||||
Men | On valuation date | ||||||||
RETIREMENT BENEFIT OBLIGATIONS (Details) - Narrative [Line Items] | ||||||||
Actuarial assumption of life expectancy after retirement | 26 years 8 months 12 days | 27 years 1 month 6 days | ||||||
Women | On valuation date | ||||||||
RETIREMENT BENEFIT OBLIGATIONS (Details) - Narrative [Line Items] | ||||||||
Actuarial assumption of life expectancy after retirement | 28 years 9 months 18 days | 29 years 1 month 6 days | ||||||
Healthcare premiums | ||||||||
RETIREMENT BENEFIT OBLIGATIONS (Details) - Narrative [Line Items] | ||||||||
Percentage of reasonably possible increase in actuarial assumption (in percent) | 6.74% | 6.82% | ||||||
Longevity Insurance Arrangement | ||||||||
RETIREMENT BENEFIT OBLIGATIONS (Details) - Narrative [Line Items] | ||||||||
Defined benefit plan estimated amount of plan participants future benefits covered by insurance contracts issued by employer or related parties | £ 10,000 | |||||||
Longevity Insurance Arrangement | Entering into significant commitments or contingent liabilities | ||||||||
RETIREMENT BENEFIT OBLIGATIONS (Details) - Narrative [Line Items] | ||||||||
Defined benefit plan estimated amount of plan participants future benefits covered by insurance contracts issued by employer or related parties | £ 5,500 | |||||||
Forecast | ||||||||
RETIREMENT BENEFIT OBLIGATIONS (Details) - Narrative [Line Items] | ||||||||
Contributions to defined benefit schemes | £ 800 | £ 1,100 | £ 2,200 | |||||
The group's three main schemes | ||||||||
RETIREMENT BENEFIT OBLIGATIONS (Details) - Narrative [Line Items] | ||||||||
Percentage of gross defined benefit pension assets (in percent) | 94% | |||||||
The group's three main schemes | Minimum | ||||||||
RETIREMENT BENEFIT OBLIGATIONS (Details) - Narrative [Line Items] | ||||||||
Actuarial assumption of retirement age | 55 years | |||||||
The group's three main schemes | Minimum | Contractual right to retire earlier | ||||||||
RETIREMENT BENEFIT OBLIGATIONS (Details) - Narrative [Line Items] | ||||||||
Actuarial assumption of retirement age | 50 years | |||||||
Aggregated measurement | ||||||||
RETIREMENT BENEFIT OBLIGATIONS (Details) - Narrative [Line Items] | ||||||||
Deficit in plan | £ 4,000 | £ (7,300) | ||||||
Defined benefit plan funding level (in percent) | 85.70% | |||||||
Contributions to defined benefit schemes | £ 800 | |||||||
In year capital distributions to shareholders (in percent) | 30% | |||||||
Aggregated measurement | Maximum | ||||||||
RETIREMENT BENEFIT OBLIGATIONS (Details) - Narrative [Line Items] | ||||||||
Deficit contributions to plan | £ 2,000 | |||||||
Defined benefit pension schemes | ||||||||
RETIREMENT BENEFIT OBLIGATIONS (Details) - Narrative [Line Items] | ||||||||
Net defined benefit liability (asset) | (3,732) | (4,404) | ||||||
Defined benefit pension schemes | LLoyds Bank pension scheme No 1 and No 2 | Limited liability partnerships | ||||||||
RETIREMENT BENEFIT OBLIGATIONS (Details) - Narrative [Line Items] | ||||||||
Net defined benefit liability (asset) | 6,300 | |||||||
Defined benefit pension schemes | HBOs final salary pension scheme | Limited liability partnerships | ||||||||
RETIREMENT BENEFIT OBLIGATIONS (Details) - Narrative [Line Items] | ||||||||
Net defined benefit liability (asset) | 4,500 | |||||||
Guaranteed minimum pension benefits | ||||||||
RETIREMENT BENEFIT OBLIGATIONS (Details) - Narrative [Line Items] | ||||||||
Past service cost and gains (losses) arising from settlements, net defined benefit liability (asset) | 108 | |||||||
Defined contribution pension schemes | ||||||||
RETIREMENT BENEFIT OBLIGATIONS (Details) - Narrative [Line Items] | ||||||||
Defined contribution pension schemes | £ 314 | £ 287 | £ 305 |
RETIREMENT BENEFIT OBLIGATION_6
RETIREMENT BENEFIT OBLIGATIONS - Schedule of Retirement Benefits Amounts Recognized in Balance Sheet (Details) - GBP (£) £ in Millions | Dec. 31, 2022 | Dec. 31, 2021 |
RETIREMENT BENEFIT OBLIGATIONS (Details) - Schedule of Retirement Benefits Amounts Recognized in Balance Sheet [Line Items] | ||
Present value of funded obligations | £ (28,965) | £ (47,130) |
Net amount recognised in the balance sheet | ||
RETIREMENT BENEFIT OBLIGATIONS (Details) - Schedule of Retirement Benefits Amounts Recognized in Balance Sheet [Line Items] | ||
Present value of funded obligations | (28,965) | (47,130) |
Fair value of scheme assets | 32,697 | 51,534 |
Net amount recognised in the balance sheet | £ 3,732 | £ 4,404 |
RETIREMENT BENEFIT OBLIGATION_7
RETIREMENT BENEFIT OBLIGATIONS - Schedule of Retirement Benefit Net Amounts Recognized in Balance Sheet (Details) - Defined benefit pension schemes - Amounts recognised in the balance sheet - GBP (£) £ in Millions | 12 Months Ended | |
Dec. 31, 2022 | Dec. 31, 2021 | |
Net amount recognised in the balance sheet | ||
At 1 January | £ 4,404 | £ 1,578 |
Net defined benefit pension charge | (123) | (234) |
Actuarial gains on defined benefit obligation | 17,222 | 1,267 |
Return on plan assets | (20,302) | 449 |
Employer contributions | 2,530 | 1,344 |
Exchange and other adjustments | 1 | 0 |
At 31 December | £ 3,732 | £ 4,404 |
RETIREMENT BENEFIT OBLIGATION_8
RETIREMENT BENEFIT OBLIGATIONS - Schedule of Movements in Defined Benefit Obligation (Details) - GBP (£) £ in Millions | 12 Months Ended | |
Dec. 31, 2022 | Dec. 31, 2021 | |
Movements in the defined benefit obligation | ||
At 1 January | £ (47,130) | |
At 31 December | (28,965) | £ (47,130) |
Movements in the defined benefit obligation | ||
Movements in the defined benefit obligation | ||
At 1 January | (47,130) | (49,549) |
Current service cost | (180) | (213) |
Interest expense | (902) | (704) |
Actuarial losses – experience | (1,186) | (426) |
Actuarial gains (losses) – demographic assumptions | 288 | (146) |
Actuarial gains – financial assumptions | 18,120 | 1,839 |
Benefits paid | 2,048 | 2,034 |
Past service cost | (4) | (11) |
Settlements | 13 | 22 |
Exchange and other adjustments | (32) | 24 |
At 31 December | £ (28,965) | £ (47,130) |
RETIREMENT BENEFIT OBLIGATION_9
RETIREMENT BENEFIT OBLIGATIONS - Schedule of Analysis of Defined Benefit Obligations (Details) - GBP (£) £ in Millions | Dec. 31, 2022 | Dec. 31, 2021 |
Analysis of the defined benefit obligation | ||
Defined benefit obligation | £ (28,965) | £ (47,130) |
Active members | ||
Analysis of the defined benefit obligation | ||
Defined benefit obligation | (3,088) | (5,837) |
Deferred members | ||
Analysis of the defined benefit obligation | ||
Defined benefit obligation | (8,515) | (16,167) |
Pensioners | ||
Analysis of the defined benefit obligation | ||
Defined benefit obligation | (16,013) | (23,171) |
Dependants | ||
Analysis of the defined benefit obligation | ||
Defined benefit obligation | £ (1,349) | £ (1,955) |
RETIREMENT BENEFIT OBLIGATIO_10
RETIREMENT BENEFIT OBLIGATIONS - Schedule of Change in Fair Value of Scheme Assets (Details) - Post employment retirement benefits - GBP (£) £ in Millions | 12 Months Ended | |
Dec. 31, 2022 | Dec. 31, 2021 | |
Changes in the fair value of scheme assets | ||
At 1 January | £ 51,534 | £ 51,127 |
Return on plan assets excluding amounts included in interest income | (20,302) | 449 |
Interest income | 997 | 733 |
Employer contributions | 2,530 | 1,344 |
Benefits paid | (2,048) | (2,034) |
Settlements | (13) | (23) |
Administrative costs paid | (34) | (38) |
Exchange and other adjustments | 33 | (24) |
At 31 December | £ 32,697 | £ 51,534 |
RETIREMENT BENEFIT OBLIGATIO_11
RETIREMENT BENEFIT OBLIGATIONS - Schedule of Defined Benefit Pension Expense (Details) - Defined contribution pension schemes - GBP (£) £ in Millions | 12 Months Ended | ||
Dec. 31, 2022 | Dec. 31, 2021 | Dec. 31, 2020 | |
RETIREMENT BENEFIT OBLIGATIONS (Details) - Schedule of Defined Benefit Pension Expense [Line Items] | |||
Current service cost | £ 180 | £ 213 | £ 206 |
Net interest amount | (95) | (29) | (23) |
Settlements | 0 | 1 | 2 |
Past service cost – plan amendments | 4 | 11 | 5 |
Plan administration costs incurred during the year | 34 | 38 | 54 |
Total defined benefit pension expense | £ 123 | £ 234 | £ 244 |
RETIREMENT BENEFIT OBLIGATIO_12
RETIREMENT BENEFIT OBLIGATIONS - Schedule of Composition of Scheme Assets (Details) - GBP (£) £ in Millions | Dec. 31, 2022 | Dec. 31, 2021 |
Debt instruments | ||
Net carrying amount | £ 7,331 | £ 4,562 |
Property | 8,068 | 7,898 |
Investment grade | ||
Debt instruments | ||
Defined benefit scheme fair value of scheme assets | 20,369 | 42,568 |
Retirement scheme assets | ||
RETIREMENT BENEFIT OBLIGATIONS (Details) - Schedule of Composition of Scheme Assets [Line Items] | ||
Equity instruments | 54 | 653 |
Debt instruments | ||
Fixed interest government bonds | 3,007 | 10,512 |
Index-linked government bonds | 15,497 | 23,969 |
Corporate and other debt securities | 3,978 | 13,399 |
Net carrying amount | 22,482 | 47,880 |
Property | 116 | 139 |
Pooled investment vehicles | 18,593 | 14,538 |
Money market instruments, cash, derivatives and other assets and liabilities | (8,548) | (11,676) |
At 31 December | 32,697 | 51,534 |
Quoted £m | Retirement scheme assets | ||
RETIREMENT BENEFIT OBLIGATIONS (Details) - Schedule of Composition of Scheme Assets [Line Items] | ||
Equity instruments | 7 | 617 |
Debt instruments | ||
Fixed interest government bonds | 3,007 | 10,512 |
Index-linked government bonds | 15,497 | 23,969 |
Corporate and other debt securities | 3,978 | 13,399 |
Net carrying amount | 22,482 | 47,880 |
Property | 0 | 0 |
Pooled investment vehicles | 2,730 | 1,192 |
Money market instruments, cash, derivatives and other assets and liabilities | 1,069 | 319 |
At 31 December | 26,288 | 50,008 |
Unquoted £m | Retirement scheme assets | ||
RETIREMENT BENEFIT OBLIGATIONS (Details) - Schedule of Composition of Scheme Assets [Line Items] | ||
Equity instruments | 47 | 36 |
Debt instruments | ||
Fixed interest government bonds | 0 | 0 |
Index-linked government bonds | 0 | 0 |
Corporate and other debt securities | 0 | 0 |
Net carrying amount | 0 | 0 |
Property | 116 | 139 |
Pooled investment vehicles | 15,863 | 13,346 |
Money market instruments, cash, derivatives and other assets and liabilities | (9,617) | (11,995) |
At 31 December | £ 6,409 | £ 1,526 |
RETIREMENT BENEFIT OBLIGATIO_13
RETIREMENT BENEFIT OBLIGATIONS - Schedule of Pension Scheme's Pooled Investment Vehicles (Details) - GBP (£) £ in Millions | Dec. 31, 2022 | Dec. 31, 2021 |
RETIREMENT BENEFIT OBLIGATIONS (Details) - Schedule of Pension Scheme's Pooled Investment Vehicles [Line Items] | ||
Pooled investment vehicle | £ 18,593 | £ 14,538 |
Equity funds | ||
RETIREMENT BENEFIT OBLIGATIONS (Details) - Schedule of Pension Scheme's Pooled Investment Vehicles [Line Items] | ||
Pooled investment vehicle | 1,421 | 3,696 |
Hedge and mutual funds | ||
RETIREMENT BENEFIT OBLIGATIONS (Details) - Schedule of Pension Scheme's Pooled Investment Vehicles [Line Items] | ||
Pooled investment vehicle | 240 | 1,407 |
Alternative credit funds | ||
RETIREMENT BENEFIT OBLIGATIONS (Details) - Schedule of Pension Scheme's Pooled Investment Vehicles [Line Items] | ||
Pooled investment vehicle | 2,222 | 3,884 |
Property funds | ||
RETIREMENT BENEFIT OBLIGATIONS (Details) - Schedule of Pension Scheme's Pooled Investment Vehicles [Line Items] | ||
Pooled investment vehicle | 1,604 | 1,541 |
Infrastructure funds | ||
RETIREMENT BENEFIT OBLIGATIONS (Details) - Schedule of Pension Scheme's Pooled Investment Vehicles [Line Items] | ||
Pooled investment vehicle | 1,193 | 1,389 |
Liquidity funds | ||
RETIREMENT BENEFIT OBLIGATIONS (Details) - Schedule of Pension Scheme's Pooled Investment Vehicles [Line Items] | ||
Pooled investment vehicle | 11,527 | 2,031 |
Bond and debt funds | ||
RETIREMENT BENEFIT OBLIGATIONS (Details) - Schedule of Pension Scheme's Pooled Investment Vehicles [Line Items] | ||
Pooled investment vehicle | 354 | 561 |
Other £m | ||
RETIREMENT BENEFIT OBLIGATIONS (Details) - Schedule of Pension Scheme's Pooled Investment Vehicles [Line Items] | ||
Pooled investment vehicle | £ 32 | £ 29 |
RETIREMENT BENEFIT OBLIGATIO_14
RETIREMENT BENEFIT OBLIGATIONS - Schedule of Principal Actuarial and Financial Assumptions Used in Valuation of Defined Benefit Pension Schemes (Details) | Dec. 31, 2022 | Dec. 31, 2021 |
RETIREMENT BENEFIT OBLIGATIONS (Details) - Schedule of Principal Actuarial and Financial Assumptions Used in Valuation of Defined Benefit Pension Schemes [Line Items] | ||
Discount rate (in percent) | 4.93% | 1.94% |
Rate of inflation: | ||
Rate of salary increases (in percent) | 0% | 0% |
Weighted-average rate of increase for pensions in payment (in percent) | 2.84% | 2.88% |
Retail Price Index (RPI) | ||
Rate of inflation: | ||
Prices index (in percent) | 3.13% | 3.21% |
Consumer Price Index (CPI) | ||
Rate of inflation: | ||
Prices index (in percent) | 2.69% | 2.92% |
RETIREMENT BENEFIT OBLIGATIO_15
RETIREMENT BENEFIT OBLIGATIONS - Schedule of Benefit Plan Member Life Expectancy (Details) | 12 Months Ended | |
Dec. 31, 2022 | Dec. 31, 2021 | |
On valuation date | Men | ||
RETIREMENT BENEFIT OBLIGATIONS (Details) - Schedule of Benefit Plan Member Life Expectancy [Line Items] | ||
Actuarial assumption of life expectancy after retirement | 26 years 8 months 12 days | 27 years 1 month 6 days |
On valuation date | Women | ||
RETIREMENT BENEFIT OBLIGATIONS (Details) - Schedule of Benefit Plan Member Life Expectancy [Line Items] | ||
Actuarial assumption of life expectancy after retirement | 28 years 9 months 18 days | 29 years 1 month 6 days |
15 Years after valuation date | Men | ||
RETIREMENT BENEFIT OBLIGATIONS (Details) - Schedule of Benefit Plan Member Life Expectancy [Line Items] | ||
Actuarial assumption of life expectancy after retirement | 27 years 9 months 18 days | 28 years 1 month 6 days |
15 Years after valuation date | Women | ||
RETIREMENT BENEFIT OBLIGATIONS (Details) - Schedule of Benefit Plan Member Life Expectancy [Line Items] | ||
Actuarial assumption of life expectancy after retirement | 30 years | 30 years 3 months 18 days |
RETIREMENT BENEFIT OBLIGATIO_16
RETIREMENT BENEFIT OBLIGATIONS - Schedule of Possible Alternative Assumptions Used in Valuations of Defined Benefit Pension Schemes (Details) - GBP (£) £ in Millions | 12 Months Ended | |
Dec. 31, 2022 | Dec. 31, 2021 | |
RETIREMENT BENEFIT OBLIGATIONS (Details) - Schedule of Possible Alternative Assumptions Used in Valuations of Defined Benefit Pension Schemes [Line Items] | ||
Discount rate (in percent) | 4.93% | 1.94% |
Retail Price Index (RPI) | ||
RETIREMENT BENEFIT OBLIGATIONS (Details) - Schedule of Possible Alternative Assumptions Used in Valuations of Defined Benefit Pension Schemes [Line Items] | ||
Prices index (in percent) | 3.13% | 3.21% |
Consumer Price Index (CPI) | ||
RETIREMENT BENEFIT OBLIGATIONS (Details) - Schedule of Possible Alternative Assumptions Used in Valuations of Defined Benefit Pension Schemes [Line Items] | ||
Prices index (in percent) | 2.69% | 2.92% |
Increase of 0.1 per cent | Actuarial assumption of expected rates of inflation | ||
RETIREMENT BENEFIT OBLIGATIONS (Details) - Schedule of Possible Alternative Assumptions Used in Valuations of Defined Benefit Pension Schemes [Line Items] | ||
Increase (decrease) in the income statement charge | £ 13 | £ 12 |
Increase (decrease) in the net defined benefit pension scheme liability | 251 | 481 |
Increase of 0.1 per cent | Actuarial assumption of discount rates | ||
RETIREMENT BENEFIT OBLIGATIONS (Details) - Schedule of Possible Alternative Assumptions Used in Valuations of Defined Benefit Pension Schemes [Line Items] | ||
Increase (decrease) in the income statement charge | (25) | (24) |
Increase (decrease) in the net defined benefit pension scheme liability | (379) | (774) |
Decrease of 0.1 per cent | Actuarial assumption of expected rates of inflation | ||
RETIREMENT BENEFIT OBLIGATIONS (Details) - Schedule of Possible Alternative Assumptions Used in Valuations of Defined Benefit Pension Schemes [Line Items] | ||
Increase (decrease) in the income statement charge | (13) | (12) |
Increase (decrease) in the net defined benefit pension scheme liability | (245) | (475) |
Decrease of 0.1 per cent | Actuarial assumption of discount rates | ||
RETIREMENT BENEFIT OBLIGATIONS (Details) - Schedule of Possible Alternative Assumptions Used in Valuations of Defined Benefit Pension Schemes [Line Items] | ||
Increase (decrease) in the income statement charge | 24 | 23 |
Increase (decrease) in the net defined benefit pension scheme liability | 388 | 795 |
Increase of one year | Actuarial assumption of expected life expectancy of members | ||
RETIREMENT BENEFIT OBLIGATIONS (Details) - Schedule of Possible Alternative Assumptions Used in Valuations of Defined Benefit Pension Schemes [Line Items] | ||
Increase (decrease) in the income statement charge | 38 | 44 |
Increase (decrease) in the net defined benefit pension scheme liability | 745 | 1,934 |
Decrease of one year | Actuarial assumption of expected life expectancy of members | ||
RETIREMENT BENEFIT OBLIGATIONS (Details) - Schedule of Possible Alternative Assumptions Used in Valuations of Defined Benefit Pension Schemes [Line Items] | ||
Increase (decrease) in the income statement charge | (39) | (42) |
Increase (decrease) in the net defined benefit pension scheme liability | £ (762) | £ (1,852) |
RETIREMENT BENEFIT OBLIGATIO_17
RETIREMENT BENEFIT OBLIGATIONS - Schedule of Weighted Average Duration of Defined Benefit Pension Obligations (Details) | 12 Months Ended | |
Dec. 31, 2022 | Dec. 31, 2021 | |
Disclosure of employee benefits [Abstract] | ||
Duration of the defined benefit obligation | 15 years | 17 years |
RETIREMENT BENEFIT OBLIGATIO_18
RETIREMENT BENEFIT OBLIGATIONS - Schedule of Maturity Analysis of Benefits Expected To Be Paid (Details) - GBP (£) £ in Millions | 12 Months Ended | |
Dec. 31, 2022 | Dec. 31, 2021 | |
Within 12 months | ||
RETIREMENT BENEFIT OBLIGATIONS (Details) - Schedule of Maturity Analysis of Benefits Expected To Be Paid [Line Items] | ||
Benefits expected to be paid | £ 1,409 | £ 1,352 |
Between 1 and 2 years | ||
RETIREMENT BENEFIT OBLIGATIONS (Details) - Schedule of Maturity Analysis of Benefits Expected To Be Paid [Line Items] | ||
Benefits expected to be paid | 1,464 | 1,450 |
Between 2 and 5 years | ||
RETIREMENT BENEFIT OBLIGATIONS (Details) - Schedule of Maturity Analysis of Benefits Expected To Be Paid [Line Items] | ||
Benefits expected to be paid | 4,678 | 4,651 |
Between 5 and 10 years | ||
RETIREMENT BENEFIT OBLIGATIONS (Details) - Schedule of Maturity Analysis of Benefits Expected To Be Paid [Line Items] | ||
Benefits expected to be paid | 8,930 | 8,993 |
Between 10 and 15 years | ||
RETIREMENT BENEFIT OBLIGATIONS (Details) - Schedule of Maturity Analysis of Benefits Expected To Be Paid [Line Items] | ||
Benefits expected to be paid | 9,296 | 9,668 |
Between 15 and 25 years | ||
RETIREMENT BENEFIT OBLIGATIONS (Details) - Schedule of Maturity Analysis of Benefits Expected To Be Paid [Line Items] | ||
Benefits expected to be paid | 17,479 | 18,671 |
Between 25 and 35 years | ||
RETIREMENT BENEFIT OBLIGATIONS (Details) - Schedule of Maturity Analysis of Benefits Expected To Be Paid [Line Items] | ||
Benefits expected to be paid | 12,720 | 13,846 |
Between 35 and 45 years | ||
RETIREMENT BENEFIT OBLIGATIONS (Details) - Schedule of Maturity Analysis of Benefits Expected To Be Paid [Line Items] | ||
Benefits expected to be paid | 6,138 | 6,987 |
In more than 45 years | ||
RETIREMENT BENEFIT OBLIGATIONS (Details) - Schedule of Maturity Analysis of Benefits Expected To Be Paid [Line Items] | ||
Benefits expected to be paid | £ 1,685 | £ 2,116 |
RETIREMENT BENEFIT OBLIGATIO_19
RETIREMENT BENEFIT OBLIGATIONS - Schedule of Movements in Other Post-Retirement Benefits Obligation (Details) - Other post retirement benefit plans, defined benefit - GBP (£) £ in Millions | 12 Months Ended | |
Dec. 31, 2022 | Dec. 31, 2021 | |
RETIREMENT BENEFIT OBLIGATIONS (Details) - Schedule of Movements in Other Post-Retirement Benefits Obligation [Line Items] | ||
At 1 January | £ (103) | £ (109) |
Actuarial gains | 68 | 4 |
Insurance premiums paid | 3 | 3 |
Charge for the year | (2) | (2) |
Exchange and other adjustments | (1) | 1 |
At 31 December | £ (35) | £ (103) |
DEFERRED TAX - Schedule of Stat
DEFERRED TAX - Schedule of Statutory Position and Tax Disclosure (Details) - GBP (£) £ in Millions | Dec. 31, 2022 | Dec. 31, 2021 |
DEFERRED TAX (Details) - Schedule of Statutory Position and Tax Disclosure [Line Items] | ||
Deferred tax assets | £ 5,857 | £ 4,048 |
Deferred tax liabilities | (208) | 0 |
Statutory position | ||
DEFERRED TAX (Details) - Schedule of Statutory Position and Tax Disclosure [Line Items] | ||
Deferred tax assets | 5,857 | 4,048 |
Deferred tax liabilities | (208) | 0 |
Asset at 31 December | 5,649 | 4,048 |
Tax disclosure | ||
DEFERRED TAX (Details) - Schedule of Statutory Position and Tax Disclosure [Line Items] | ||
Deferred tax assets | 7,999 | 6,377 |
Deferred tax liabilities | (2,350) | (2,329) |
Asset at 31 December | £ 5,649 | £ 4,048 |
DEFERRED TAX - Schedule of Move
DEFERRED TAX - Schedule of Movements in Deferred Tax Liabilities and Assets (Details) - GBP (£) £ in Millions | 12 Months Ended | |
Dec. 31, 2022 | Dec. 31, 2021 | |
Deferred tax assets | ||
Deferred tax assets, at 1 January | £ 4,048 | |
Deferred tax assets, at 31 December | 5,857 | £ 4,048 |
Deferred tax liabilities | ||
Deferred tax liabilities, at 1 January | 0 | |
Deferred tax liabilities, at 31 December | (208) | 0 |
Prior to offsetting of balances within same taxing jurisdiction | ||
Deferred tax assets | ||
Deferred tax assets, at 1 January | 6,377 | 5,327 |
Credit (charge) to the income statement | (27) | 1,016 |
Credit (charge) to other comprehensive income | 1,649 | 34 |
Deferred tax assets, at 31 December | 7,999 | 6,377 |
Deferred tax liabilities | ||
Deferred tax liabilities, at 1 January | (2,329) | (1,859) |
(Charge) credit to the income statement | (301) | (334) |
(Charge) credit to other comprehensive income | 294 | (136) |
Exchange and other adjustments | 0 | |
Deferred tax liabilities, at 31 December | (2,350) | (2,329) |
Prior to offsetting of balances within same taxing jurisdiction | The Group | ||
Deferred tax liabilities | ||
Exchange and other adjustments | (14) | |
Prior to offsetting of balances within same taxing jurisdiction | Tax losses £m | ||
Deferred tax assets | ||
Deferred tax assets, at 1 January | 5,018 | 4,054 |
Credit (charge) to the income statement | (4) | 964 |
Credit (charge) to other comprehensive income | 0 | 0 |
Deferred tax assets, at 31 December | 5,014 | 5,018 |
Prior to offsetting of balances within same taxing jurisdiction | Property, plant and equipment £m | ||
Deferred tax assets | ||
Deferred tax assets, at 1 January | 760 | 678 |
Credit (charge) to the income statement | (237) | 82 |
Credit (charge) to other comprehensive income | 0 | 0 |
Deferred tax assets, at 31 December | 523 | 760 |
Prior to offsetting of balances within same taxing jurisdiction | Other provisions [member] | ||
Deferred tax assets | ||
Deferred tax assets, at 1 January | 300 | 251 |
Credit (charge) to the income statement | 114 | 13 |
Credit (charge) to other comprehensive income | (155) | 36 |
Deferred tax assets, at 31 December | 259 | 300 |
Prior to offsetting of balances within same taxing jurisdiction | Share-based payments £m | ||
Deferred tax assets | ||
Deferred tax assets, at 1 January | 17 | 27 |
Credit (charge) to the income statement | (3) | (10) |
Credit (charge) to other comprehensive income | 0 | 0 |
Deferred tax assets, at 31 December | 14 | 17 |
Prior to offsetting of balances within same taxing jurisdiction | Pension liabilities £m | ||
Deferred tax assets | ||
Deferred tax assets, at 1 January | 69 | 56 |
Credit (charge) to the income statement | (22) | 15 |
Credit (charge) to other comprehensive income | 0 | (2) |
Deferred tax assets, at 31 December | 47 | 69 |
Prior to offsetting of balances within same taxing jurisdiction | Derivatives £m | ||
Deferred tax assets | ||
Deferred tax assets, at 1 January | 37 | 7 |
Credit (charge) to the income statement | 183 | 30 |
Credit (charge) to other comprehensive income | 1,804 | 0 |
Deferred tax assets, at 31 December | 2,024 | 37 |
Deferred tax liabilities | ||
Deferred tax liabilities, at 1 January | 0 | (699) |
(Charge) credit to the income statement | (470) | (65) |
(Charge) credit to other comprehensive income | 0 | 764 |
Exchange and other adjustments | 0 | |
Deferred tax liabilities, at 31 December | (470) | 0 |
Prior to offsetting of balances within same taxing jurisdiction | Derivatives £m | The Group | ||
Deferred tax liabilities | ||
Exchange and other adjustments | 0 | |
Prior to offsetting of balances within same taxing jurisdiction | Asset revaluations £m | ||
Deferred tax assets | ||
Deferred tax assets, at 1 January | 0 | 28 |
Credit (charge) to the income statement | 8 | (28) |
Credit (charge) to other comprehensive income | 0 | 0 |
Deferred tax assets, at 31 December | 8 | 0 |
Deferred tax liabilities | ||
Deferred tax liabilities, at 1 January | (52) | 0 |
(Charge) credit to the income statement | 41 | 2 |
(Charge) credit to other comprehensive income | 11 | (54) |
Exchange and other adjustments | 0 | |
Deferred tax liabilities, at 31 December | 0 | (52) |
Prior to offsetting of balances within same taxing jurisdiction | Asset revaluations £m | The Group | ||
Deferred tax liabilities | ||
Exchange and other adjustments | 0 | |
Prior to offsetting of balances within same taxing jurisdiction | Other temporary differences £m | ||
Deferred tax assets | ||
Deferred tax assets, at 1 January | 176 | 226 |
Credit (charge) to the income statement | (66) | (50) |
Credit (charge) to other comprehensive income | 0 | 0 |
Deferred tax assets, at 31 December | 110 | 176 |
Deferred tax liabilities | ||
Deferred tax liabilities, at 1 January | (319) | (204) |
(Charge) credit to the income statement | (47) | (115) |
(Charge) credit to other comprehensive income | 0 | 0 |
Exchange and other adjustments | 0 | |
Deferred tax liabilities, at 31 December | (380) | (319) |
Prior to offsetting of balances within same taxing jurisdiction | Other temporary differences £m | The Group | ||
Deferred tax liabilities | ||
Exchange and other adjustments | (14) | |
Prior to offsetting of balances within same taxing jurisdiction | Capitalised software enhancements £m | ||
Deferred tax liabilities | ||
Deferred tax liabilities, at 1 January | (275) | (228) |
(Charge) credit to the income statement | 117 | (47) |
(Charge) credit to other comprehensive income | 0 | 0 |
Exchange and other adjustments | 0 | |
Deferred tax liabilities, at 31 December | (158) | (275) |
Prior to offsetting of balances within same taxing jurisdiction | Capitalised software enhancements £m | The Group | ||
Deferred tax liabilities | ||
Exchange and other adjustments | 0 | |
Prior to offsetting of balances within same taxing jurisdiction | Acquisition fair value £m | ||
Deferred tax liabilities | ||
Deferred tax liabilities, at 1 January | (352) | (336) |
(Charge) credit to the income statement | 29 | (16) |
(Charge) credit to other comprehensive income | 0 | 0 |
Exchange and other adjustments | 0 | |
Deferred tax liabilities, at 31 December | (323) | (352) |
Prior to offsetting of balances within same taxing jurisdiction | Acquisition fair value £m | The Group | ||
Deferred tax liabilities | ||
Exchange and other adjustments | 0 | |
Prior to offsetting of balances within same taxing jurisdiction | Pension assets £m | ||
Deferred tax liabilities | ||
Deferred tax liabilities, at 1 January | (1,331) | (392) |
(Charge) credit to the income statement | 29 | (93) |
(Charge) credit to other comprehensive income | 283 | (846) |
Exchange and other adjustments | 0 | |
Deferred tax liabilities, at 31 December | (1,019) | £ (1,331) |
Prior to offsetting of balances within same taxing jurisdiction | Pension assets £m | The Group | ||
Deferred tax liabilities | ||
Exchange and other adjustments | £ 0 |
DEFERRED TAX - Narrative (Detai
DEFERRED TAX - Narrative (Details) - GBP (£) £ in Millions | 12 Months Ended | ||
Dec. 31, 2022 | Dec. 31, 2021 | Dec. 31, 2020 | |
DEFERRED TAX (Details) - Narrative [Line Items] | |||
Deferred tax assets | £ 5,857 | £ 4,048 | |
UK corporation tax | |||
DEFERRED TAX (Details) - Narrative [Line Items] | |||
Current tax expense (income) | 1,050 | 1,349 | £ 423 |
Prior to offsetting of balances within same taxing jurisdiction | |||
DEFERRED TAX (Details) - Narrative [Line Items] | |||
Deferred tax assets | 7,999 | 6,377 | 5,327 |
Prior to offsetting of balances within same taxing jurisdiction | Tax losses £m | |||
DEFERRED TAX (Details) - Narrative [Line Items] | |||
Deferred tax assets | 5,014 | 5,018 | £ 4,054 |
UK | |||
DEFERRED TAX (Details) - Narrative [Line Items] | |||
Deferred tax assets operating loss carry forwards not subject to expiration | 147 | 151 | |
Current tax expense (income) | 583 | ||
Trading losses | |||
DEFERRED TAX (Details) - Narrative [Line Items] | |||
Deferred tax assets operating loss carry forwards not subject to expiration | 7 | 5 | |
Deferred tax assets operating loss carry forwards subject to expiration | £ 53 | £ 34 | |
Trading losses | 20 years | |||
DEFERRED TAX (Details) - Narrative [Line Items] | |||
Deferred tax assets, expiration term | 20 years | ||
Foreign trade losses | |||
DEFERRED TAX (Details) - Narrative [Line Items] | |||
Deferred tax assets | £ 0 |
OTHER PROVISIONS - Schedule of
OTHER PROVISIONS - Schedule of Assumptions for Other Provisions (Details) £ in Millions | 12 Months Ended |
Dec. 31, 2022 GBP (£) | |
OTHER PROVISIONS (Details) - Schedule of Assumptions for Other Provisions [Line Items] | |
At 1 January | £ 1,933 |
At 31 December | 1,591 |
Total £m | |
OTHER PROVISIONS (Details) - Schedule of Assumptions for Other Provisions [Line Items] | |
At 1 January | 1,933 |
Exchange and other adjustments | 43 |
Provisions applied | (1,006) |
Charge for the year | 621 |
At 31 December | 1,591 |
Provisions for financial commitments and guarantees £m | |
OTHER PROVISIONS (Details) - Schedule of Assumptions for Other Provisions [Line Items] | |
At 1 January | 194 |
Exchange and other adjustments | (1) |
Provisions applied | 0 |
Charge for the year | 111 |
At 31 December | 304 |
Regulatory and legal provisions £m | |
OTHER PROVISIONS (Details) - Schedule of Assumptions for Other Provisions [Line Items] | |
At 1 January | 1,054 |
Exchange and other adjustments | 16 |
Provisions applied | (587) |
Charge for the year | 225 |
At 31 December | 708 |
Other £m | |
OTHER PROVISIONS (Details) - Schedule of Assumptions for Other Provisions [Line Items] | |
At 1 January | 685 |
Exchange and other adjustments | 28 |
Provisions applied | (419) |
Charge for the year | 285 |
At 31 December | £ 579 |
OTHER PROVISIONS - Narrative (D
OTHER PROVISIONS - Narrative (Details) - GBP (£) £ in Millions | 3 Months Ended | 12 Months Ended | |
Dec. 31, 2022 | Dec. 31, 2022 | Dec. 31, 2021 | |
OTHER PROVISIONS (Details) - Narrative [Line Items] | |||
Other provisions | £ 1,591 | £ 1,591 | £ 1,933 |
Restructuring provision | 108 | 108 | 187 |
Payment Protection Insurance | |||
OTHER PROVISIONS (Details) - Narrative [Line Items] | |||
Total payment protection insurance to date | 21,906 | ||
HBOS | |||
OTHER PROVISIONS (Details) - Narrative [Line Items] | |||
Value of offers after compensation assessment | 50 | 790 | |
Regulatory and legal provisions £m | |||
OTHER PROVISIONS (Details) - Narrative [Line Items] | |||
Charge for the year | 225 | ||
Other provisions | 708 | 708 | 1,054 |
Relating to the transitional service agreement | TSB Banking Group plc | |||
OTHER PROVISIONS (Details) - Narrative [Line Items] | |||
Other provisions | 22 | 22 | |
Total TSB various ongoing commitments to date today | 665 | ||
Dilapidations, rent reviews and other property related matters | |||
OTHER PROVISIONS (Details) - Narrative [Line Items] | |||
Other provisions | 112 | 112 | 114 |
Indemnities and other matters relating to legacy business disposals | |||
OTHER PROVISIONS (Details) - Narrative [Line Items] | |||
Other provisions | £ 86 | £ 86 | £ 78 |
SUBORDINATED LIABILITIES - Sche
SUBORDINATED LIABILITIES - Schedule of Movement in Subordinated Liabilities (Details) € in Millions | 12 Months Ended | ||||||
Dec. 31, 2022 GBP (£) | Dec. 31, 2021 GBP (£) | Dec. 31, 2020 GBP (£) | Dec. 31, 2022 USD ($) | Dec. 31, 2022 EUR (€) | |||
Disclosure of detailed information about borrowings [line items] | |||||||
Subordinated liabilities | £ 6,593,000,000 | £ 8,658,000,000 | £ 9,242,000,000 | ||||
Borrowings, interest rate (in percent) | 4.17% | 2.30% | 2.42% | 4.17% | 4.17% | ||
Proceeds from issue of subordinated liabilities | £ 837,000,000 | £ 3,262,000,000 | [1] | £ 303,000,000 | [1] | ||
Increase due to issuance of subordinated liabilities | 3,262,000,000 | ||||||
Decrease through repurchases and redemptions | (2,182,000,000) | (3,790,000,000) | |||||
Foreign exchange movements | 515,000,000 | (63,000,000) | |||||
Other movements (cash and non-cash) | (1,235,000,000) | 7,000,000 | |||||
Interest expense on subordinated liabilities | (367,000,000) | (634,000,000) | (827,000,000) | ||||
Repayment of subordinated liabilities | (2,216,000,000) | (3,745,000,000) | [1] | (4,156,000,000) | [1] | ||
Interest paid on subordinated liabilities | (397,000,000) | (525,000,000) | [1] | (852,000,000) | [1] | ||
3.916% Subordinated Fixed Rate Notes 2048 (US$1,500 million) | |||||||
Disclosure of detailed information about borrowings [line items] | |||||||
Derivative notional/contract amount | $ | $ 1,500,000,000 | ||||||
Proceeds from issue of subordinated liabilities | £ 1,074,000,000 | ||||||
3.916% Subordinated Fixed Rate Notes 2048 (US$1,500 million) | Fixed interest rate | |||||||
Disclosure of detailed information about borrowings [line items] | |||||||
Borrowings, interest rate (in percent) | 3.916% | 3.916% | 3.916% | ||||
3.724% Dated Subordinated Fixed Rate Reset Notes 2041 (£500 million) | |||||||
Disclosure of detailed information about borrowings [line items] | |||||||
Derivative notional/contract amount | £ 500,000,000 | ||||||
Proceeds from issue of subordinated liabilities | £ 888,000,000 | ||||||
3.724% Dated Subordinated Fixed Rate Reset Notes 2041 (£500 million) | Fixed interest rate | |||||||
Disclosure of detailed information about borrowings [line items] | |||||||
Borrowings, interest rate (in percent) | 3.724% | 3.724% | 3.724% | ||||
2.754% Dated Subordinated Fixed Rate Reset Notes 2032 (US$1,750 million) | |||||||
Disclosure of detailed information about borrowings [line items] | |||||||
Derivative notional/contract amount | $ | $ 1,750,000,000 | ||||||
Proceeds from issue of subordinated liabilities | £ 1,300,000,000 | ||||||
2.754% Dated Subordinated Fixed Rate Reset Notes 2032 (US$1,750 million) | Fixed interest rate | |||||||
Disclosure of detailed information about borrowings [line items] | |||||||
Borrowings, interest rate (in percent) | 2.754% | 2.754% | 2.754% | ||||
7.754% Non-cumulative Perpetual Preferred Securities (Class B) (£150 million) | Preferred securities £m | |||||||
Disclosure of detailed information about borrowings [line items] | |||||||
Borrowings, interest rate (in percent) | 7.754% | 7.754% | 7.754% | ||||
Derivative notional/contract amount | £ 150,000,000 | ||||||
Repurchases and redemptions during the year | (156,000,000) | ||||||
Series 2 (US$500 million) | |||||||
Disclosure of detailed information about borrowings [line items] | |||||||
Derivative notional/contract amount | $ | $ 500,000,000 | ||||||
Repurchases and redemptions during the year | (94,000,000) | ||||||
Series 3 (US$600 million) | |||||||
Disclosure of detailed information about borrowings [line items] | |||||||
Derivative notional/contract amount | $ | 600,000,000 | ||||||
Repurchases and redemptions during the year | (120,000,000) | ||||||
Floating Rate Primary Capital Notes (US$250 million) | |||||||
Disclosure of detailed information about borrowings [line items] | |||||||
Repurchases and redemptions during the year | (24,000,000) | ||||||
Floating Rate Primary Capital Notes (US$250 million) | Floating interest rate | |||||||
Disclosure of detailed information about borrowings [line items] | |||||||
Derivative notional/contract amount | $ | 250,000,000 | ||||||
Series 1 (US$750 million) | |||||||
Disclosure of detailed information about borrowings [line items] | |||||||
Derivative notional/contract amount | $ | $ 750,000,000 | ||||||
Repurchases and redemptions during the year | £ (97,000,000) | ||||||
9.375% Subordinated Bonds 2021 (£500 million) | |||||||
Disclosure of detailed information about borrowings [line items] | |||||||
Borrowings, interest rate (in percent) | 9.375% | 9.375% | 9.375% | ||||
Derivative notional/contract amount | £ 500,000,000 | ||||||
Repurchases and redemptions during the year | (200,000,000) | ||||||
5.374% Subordinated Fixed Rate Notes 2021 (€160 million) | |||||||
Disclosure of detailed information about borrowings [line items] | |||||||
Derivative notional/contract amount | € | € 160 | ||||||
Repurchases and redemptions during the year | £ (145,000,000) | ||||||
5.374% Subordinated Fixed Rate Notes 2021 (€160 million) | Fixed interest rate | |||||||
Disclosure of detailed information about borrowings [line items] | |||||||
Borrowings, interest rate (in percent) | 5.374% | 5.374% | 5.374% | ||||
4.553% Subordinated Fixed Rate Notes 2021 (US$1,500 million) | |||||||
Disclosure of detailed information about borrowings [line items] | |||||||
Derivative notional/contract amount | $ | $ 1,500,000,000 | ||||||
Repurchases and redemptions during the year | £ (1,122,000,000) | ||||||
4.553% Subordinated Fixed Rate Notes 2021 (US$1,500 million) | Fixed interest rate | |||||||
Disclosure of detailed information about borrowings [line items] | |||||||
Borrowings, interest rate (in percent) | 4.553% | 4.553% | 4.553% | ||||
6% Subordinated Notes 2033 (US$750 million) | |||||||
Disclosure of detailed information about borrowings [line items] | |||||||
Borrowings, interest rate (in percent) | 6% | 6% | 6% | ||||
Derivative notional/contract amount | $ | $ 750,000,000 | ||||||
Repurchases and redemptions during the year | £ (216,000,000) | ||||||
4.293% Subordinated Fixed Rate Notes 2021 (US$824 million) | |||||||
Disclosure of detailed information about borrowings [line items] | |||||||
Derivative notional/contract amount | $ | $ 824,000,000 | ||||||
Repurchases and redemptions during the year | £ (612,000,000) | ||||||
4.293% Subordinated Fixed Rate Notes 2021 (US$824 million) | Fixed interest rate | |||||||
Disclosure of detailed information about borrowings [line items] | |||||||
Borrowings, interest rate (in percent) | 4.293% | 4.293% | 4.293% | ||||
4.503% Subordinated Fixed Rate Notes 2021 (US$1,353 million) | |||||||
Disclosure of detailed information about borrowings [line items] | |||||||
Derivative notional/contract amount | $ | $ 1,353,000,000 | ||||||
Repurchases and redemptions during the year | £ (1,004,000,000) | ||||||
4.503% Subordinated Fixed Rate Notes 2021 (US$1,353 million) | Fixed interest rate | |||||||
Disclosure of detailed information about borrowings [line items] | |||||||
Borrowings, interest rate (in percent) | 4.503% | 4.503% | 4.503% | ||||
8.133% Dated Subordinated Fixed Rate Reset notes 2033 (US$1,000 million) | |||||||
Disclosure of detailed information about borrowings [line items] | |||||||
Derivative notional/contract amount | $ | $ 1,000,000,000 | ||||||
Proceeds from issue of subordinated liabilities | £ 837,000,000 | ||||||
8.133% Dated Subordinated Fixed Rate Reset notes 2033 (US$1,000 million) | Fixed interest rate | |||||||
Disclosure of detailed information about borrowings [line items] | |||||||
Borrowings, interest rate (in percent) | 8.133% | 8.133% | 8.133% | ||||
12% Fixed to Floating Rate Perpetual Tier 1 Capital Securities callable 2024 (US$2,000 million) | |||||||
Disclosure of detailed information about borrowings [line items] | |||||||
Borrowings, interest rate (in percent) | 12% | 12% | 12% | ||||
Derivative notional/contract amount | £ 2,000,000,000 | ||||||
Repurchases and redemptions during the year | £ (1,399,000,000) | ||||||
13% Sterling Step-up Perpetual Capital Securities callable 2029 (£700 million) | |||||||
Disclosure of detailed information about borrowings [line items] | |||||||
Borrowings, interest rate (in percent) | 13% | 13% | 13% | ||||
Derivative notional/contract amount | £ 700,000,000 | ||||||
Repurchases and redemptions during the year | £ (221,000,000) | ||||||
7.281% Perpetual Regulatory Tier One Securities (Series B) (£150 million) | |||||||
Disclosure of detailed information about borrowings [line items] | |||||||
Borrowings, interest rate (in percent) | 7.281% | 7.281% | 7.281% | ||||
Derivative notional/contract amount | £ 150,000,000 | ||||||
Repurchases and redemptions during the year | £ (22,000,000) | ||||||
7.881% Guaranteed Non-voting Non-cumulative Preferred Securities (£245 million) | Preferred securities £m | |||||||
Disclosure of detailed information about borrowings [line items] | |||||||
Borrowings, interest rate (in percent) | 7.881% | 7.881% | 7.881% | ||||
Derivative notional/contract amount | £ 245,000,000 | ||||||
Repurchases and redemptions during the year | £ (12,000,000) | ||||||
12% Perpetual Subordinated Bonds (£100 million) | |||||||
Disclosure of detailed information about borrowings [line items] | |||||||
Borrowings, interest rate (in percent) | 12% | 12% | 12% | ||||
Derivative notional/contract amount | £ 100,000,000 | ||||||
Repurchases and redemptions during the year | £ (22,000,000) | ||||||
5.75% Undated Subordinated Step-up Notes (£600 million) | |||||||
Disclosure of detailed information about borrowings [line items] | |||||||
Borrowings, interest rate (in percent) | 5.75% | 5.75% | 5.75% | ||||
Derivative notional/contract amount | £ 600,000,000 | ||||||
Repurchases and redemptions during the year | £ (4,000,000) | ||||||
7.625% Dated Subordinated Notes 2025 (£750 million) | |||||||
Disclosure of detailed information about borrowings [line items] | |||||||
Borrowings, interest rate (in percent) | 7.625% | 7.625% | 7.625% | ||||
Derivative notional/contract amount | £ 750,000,000 | ||||||
Repurchases and redemptions during the year | (502,000,000) | ||||||
Preferred securities £m | |||||||
Disclosure of detailed information about borrowings [line items] | |||||||
Subordinated liabilities | 0 | 1,661,000,000 | 1,772,000,000 | ||||
Increase due to issuance of subordinated liabilities | 0 | ||||||
Decrease through repurchases and redemptions | (1,654,000,000) | (156,000,000) | |||||
Foreign exchange movements | (6,000,000) | 17,000,000 | |||||
Other movements (cash and non-cash) | (1,000,000) | 28,000,000 | |||||
Preferred securities £m | 3.916% Subordinated Fixed Rate Notes 2048 (US$1,500 million) | |||||||
Disclosure of detailed information about borrowings [line items] | |||||||
Proceeds from issue of subordinated liabilities | 0 | ||||||
Preferred securities £m | 3.724% Dated Subordinated Fixed Rate Reset Notes 2041 (£500 million) | |||||||
Disclosure of detailed information about borrowings [line items] | |||||||
Proceeds from issue of subordinated liabilities | 0 | ||||||
Preferred securities £m | 2.754% Dated Subordinated Fixed Rate Reset Notes 2032 (US$1,750 million) | |||||||
Disclosure of detailed information about borrowings [line items] | |||||||
Proceeds from issue of subordinated liabilities | 0 | ||||||
Preferred securities £m | 7.754% Non-cumulative Perpetual Preferred Securities (Class B) (£150 million) | Preferred securities £m | |||||||
Disclosure of detailed information about borrowings [line items] | |||||||
Repurchases and redemptions during the year | (156,000,000) | ||||||
Preferred securities £m | Series 2 (US$500 million) | |||||||
Disclosure of detailed information about borrowings [line items] | |||||||
Repurchases and redemptions during the year | 0 | ||||||
Preferred securities £m | Series 3 (US$600 million) | |||||||
Disclosure of detailed information about borrowings [line items] | |||||||
Repurchases and redemptions during the year | 0 | ||||||
Preferred securities £m | Floating Rate Primary Capital Notes (US$250 million) | |||||||
Disclosure of detailed information about borrowings [line items] | |||||||
Repurchases and redemptions during the year | 0 | ||||||
Preferred securities £m | Series 1 (US$750 million) | |||||||
Disclosure of detailed information about borrowings [line items] | |||||||
Repurchases and redemptions during the year | 0 | ||||||
Preferred securities £m | 9.375% Subordinated Bonds 2021 (£500 million) | |||||||
Disclosure of detailed information about borrowings [line items] | |||||||
Repurchases and redemptions during the year | 0 | ||||||
Preferred securities £m | 5.374% Subordinated Fixed Rate Notes 2021 (€160 million) | |||||||
Disclosure of detailed information about borrowings [line items] | |||||||
Repurchases and redemptions during the year | 0 | ||||||
Preferred securities £m | 4.553% Subordinated Fixed Rate Notes 2021 (US$1,500 million) | |||||||
Disclosure of detailed information about borrowings [line items] | |||||||
Repurchases and redemptions during the year | 0 | ||||||
Preferred securities £m | 6% Subordinated Notes 2033 (US$750 million) | |||||||
Disclosure of detailed information about borrowings [line items] | |||||||
Repurchases and redemptions during the year | 0 | ||||||
Preferred securities £m | 4.293% Subordinated Fixed Rate Notes 2021 (US$824 million) | |||||||
Disclosure of detailed information about borrowings [line items] | |||||||
Repurchases and redemptions during the year | 0 | ||||||
Preferred securities £m | 4.503% Subordinated Fixed Rate Notes 2021 (US$1,353 million) | |||||||
Disclosure of detailed information about borrowings [line items] | |||||||
Repurchases and redemptions during the year | 0 | ||||||
Preferred securities £m | 8.133% Dated Subordinated Fixed Rate Reset notes 2033 (US$1,000 million) | |||||||
Disclosure of detailed information about borrowings [line items] | |||||||
Proceeds from issue of subordinated liabilities | 0 | ||||||
Preferred securities £m | 12% Fixed to Floating Rate Perpetual Tier 1 Capital Securities callable 2024 (US$2,000 million) | |||||||
Disclosure of detailed information about borrowings [line items] | |||||||
Repurchases and redemptions during the year | (1,399,000,000) | ||||||
Preferred securities £m | 13% Sterling Step-up Perpetual Capital Securities callable 2029 (£700 million) | |||||||
Disclosure of detailed information about borrowings [line items] | |||||||
Repurchases and redemptions during the year | (221,000,000) | ||||||
Preferred securities £m | 7.281% Perpetual Regulatory Tier One Securities (Series B) (£150 million) | |||||||
Disclosure of detailed information about borrowings [line items] | |||||||
Repurchases and redemptions during the year | (22,000,000) | ||||||
Preferred securities £m | 7.881% Guaranteed Non-voting Non-cumulative Preferred Securities (£245 million) | Preferred securities £m | |||||||
Disclosure of detailed information about borrowings [line items] | |||||||
Repurchases and redemptions during the year | (12,000,000) | ||||||
Preferred securities £m | 12% Perpetual Subordinated Bonds (£100 million) | |||||||
Disclosure of detailed information about borrowings [line items] | |||||||
Repurchases and redemptions during the year | 0 | ||||||
Preferred securities £m | 5.75% Undated Subordinated Step-up Notes (£600 million) | |||||||
Disclosure of detailed information about borrowings [line items] | |||||||
Repurchases and redemptions during the year | 0 | ||||||
Preferred securities £m | 7.625% Dated Subordinated Notes 2025 (£750 million) | |||||||
Disclosure of detailed information about borrowings [line items] | |||||||
Repurchases and redemptions during the year | 0 | ||||||
Undated £m | |||||||
Disclosure of detailed information about borrowings [line items] | |||||||
Subordinated liabilities | 146,000,000 | 170,000,000 | 505,000,000 | ||||
Increase due to issuance of subordinated liabilities | 0 | ||||||
Decrease through repurchases and redemptions | (26,000,000) | (335,000,000) | |||||
Foreign exchange movements | 0 | 0 | |||||
Other movements (cash and non-cash) | 2,000,000 | 0 | |||||
Undated £m | 3.916% Subordinated Fixed Rate Notes 2048 (US$1,500 million) | |||||||
Disclosure of detailed information about borrowings [line items] | |||||||
Proceeds from issue of subordinated liabilities | 0 | ||||||
Undated £m | 3.724% Dated Subordinated Fixed Rate Reset Notes 2041 (£500 million) | |||||||
Disclosure of detailed information about borrowings [line items] | |||||||
Proceeds from issue of subordinated liabilities | 0 | ||||||
Undated £m | 2.754% Dated Subordinated Fixed Rate Reset Notes 2032 (US$1,750 million) | |||||||
Disclosure of detailed information about borrowings [line items] | |||||||
Proceeds from issue of subordinated liabilities | 0 | ||||||
Undated £m | 7.754% Non-cumulative Perpetual Preferred Securities (Class B) (£150 million) | Preferred securities £m | |||||||
Disclosure of detailed information about borrowings [line items] | |||||||
Repurchases and redemptions during the year | 0 | ||||||
Undated £m | Series 2 (US$500 million) | |||||||
Disclosure of detailed information about borrowings [line items] | |||||||
Repurchases and redemptions during the year | (94,000,000) | ||||||
Undated £m | Series 3 (US$600 million) | |||||||
Disclosure of detailed information about borrowings [line items] | |||||||
Repurchases and redemptions during the year | (120,000,000) | ||||||
Undated £m | Floating Rate Primary Capital Notes (US$250 million) | |||||||
Disclosure of detailed information about borrowings [line items] | |||||||
Repurchases and redemptions during the year | (24,000,000) | ||||||
Undated £m | Series 1 (US$750 million) | |||||||
Disclosure of detailed information about borrowings [line items] | |||||||
Repurchases and redemptions during the year | (97,000,000) | ||||||
Undated £m | 9.375% Subordinated Bonds 2021 (£500 million) | |||||||
Disclosure of detailed information about borrowings [line items] | |||||||
Repurchases and redemptions during the year | 0 | ||||||
Undated £m | 5.374% Subordinated Fixed Rate Notes 2021 (€160 million) | |||||||
Disclosure of detailed information about borrowings [line items] | |||||||
Repurchases and redemptions during the year | 0 | ||||||
Undated £m | 4.553% Subordinated Fixed Rate Notes 2021 (US$1,500 million) | |||||||
Disclosure of detailed information about borrowings [line items] | |||||||
Repurchases and redemptions during the year | 0 | ||||||
Undated £m | 6% Subordinated Notes 2033 (US$750 million) | |||||||
Disclosure of detailed information about borrowings [line items] | |||||||
Repurchases and redemptions during the year | 0 | ||||||
Undated £m | 4.293% Subordinated Fixed Rate Notes 2021 (US$824 million) | |||||||
Disclosure of detailed information about borrowings [line items] | |||||||
Repurchases and redemptions during the year | 0 | ||||||
Undated £m | 4.503% Subordinated Fixed Rate Notes 2021 (US$1,353 million) | |||||||
Disclosure of detailed information about borrowings [line items] | |||||||
Repurchases and redemptions during the year | 0 | ||||||
Undated £m | 8.133% Dated Subordinated Fixed Rate Reset notes 2033 (US$1,000 million) | |||||||
Disclosure of detailed information about borrowings [line items] | |||||||
Proceeds from issue of subordinated liabilities | 0 | ||||||
Undated £m | 12% Fixed to Floating Rate Perpetual Tier 1 Capital Securities callable 2024 (US$2,000 million) | |||||||
Disclosure of detailed information about borrowings [line items] | |||||||
Repurchases and redemptions during the year | 0 | ||||||
Undated £m | 13% Sterling Step-up Perpetual Capital Securities callable 2029 (£700 million) | |||||||
Disclosure of detailed information about borrowings [line items] | |||||||
Repurchases and redemptions during the year | 0 | ||||||
Undated £m | 7.281% Perpetual Regulatory Tier One Securities (Series B) (£150 million) | |||||||
Disclosure of detailed information about borrowings [line items] | |||||||
Repurchases and redemptions during the year | 0 | ||||||
Undated £m | 7.881% Guaranteed Non-voting Non-cumulative Preferred Securities (£245 million) | Preferred securities £m | |||||||
Disclosure of detailed information about borrowings [line items] | |||||||
Repurchases and redemptions during the year | 0 | ||||||
Undated £m | 12% Perpetual Subordinated Bonds (£100 million) | |||||||
Disclosure of detailed information about borrowings [line items] | |||||||
Repurchases and redemptions during the year | (22,000,000) | ||||||
Undated £m | 5.75% Undated Subordinated Step-up Notes (£600 million) | |||||||
Disclosure of detailed information about borrowings [line items] | |||||||
Repurchases and redemptions during the year | (4,000,000) | ||||||
Undated £m | 7.625% Dated Subordinated Notes 2025 (£750 million) | |||||||
Disclosure of detailed information about borrowings [line items] | |||||||
Repurchases and redemptions during the year | 0 | ||||||
Dated £m | |||||||
Disclosure of detailed information about borrowings [line items] | |||||||
Subordinated liabilities | 6,447,000,000 | 6,827,000,000 | £ 6,965,000,000 | ||||
Increase due to issuance of subordinated liabilities | 3,262,000,000 | ||||||
Decrease through repurchases and redemptions | (502,000,000) | (3,299,000,000) | |||||
Foreign exchange movements | 521,000,000 | (80,000,000) | |||||
Other movements (cash and non-cash) | (1,236,000,000) | £ (21,000,000) | |||||
Dated £m | 3.916% Subordinated Fixed Rate Notes 2048 (US$1,500 million) | |||||||
Disclosure of detailed information about borrowings [line items] | |||||||
Proceeds from issue of subordinated liabilities | 1,074,000,000 | ||||||
Dated £m | 3.724% Dated Subordinated Fixed Rate Reset Notes 2041 (£500 million) | |||||||
Disclosure of detailed information about borrowings [line items] | |||||||
Proceeds from issue of subordinated liabilities | 888,000,000 | ||||||
Dated £m | 2.754% Dated Subordinated Fixed Rate Reset Notes 2032 (US$1,750 million) | |||||||
Disclosure of detailed information about borrowings [line items] | |||||||
Proceeds from issue of subordinated liabilities | 1,300,000,000 | ||||||
Dated £m | 7.754% Non-cumulative Perpetual Preferred Securities (Class B) (£150 million) | Preferred securities £m | |||||||
Disclosure of detailed information about borrowings [line items] | |||||||
Repurchases and redemptions during the year | 0 | ||||||
Dated £m | Series 2 (US$500 million) | |||||||
Disclosure of detailed information about borrowings [line items] | |||||||
Repurchases and redemptions during the year | 0 | ||||||
Dated £m | Series 3 (US$600 million) | |||||||
Disclosure of detailed information about borrowings [line items] | |||||||
Repurchases and redemptions during the year | 0 | ||||||
Dated £m | Floating Rate Primary Capital Notes (US$250 million) | |||||||
Disclosure of detailed information about borrowings [line items] | |||||||
Repurchases and redemptions during the year | 0 | ||||||
Dated £m | Series 1 (US$750 million) | |||||||
Disclosure of detailed information about borrowings [line items] | |||||||
Repurchases and redemptions during the year | 0 | ||||||
Dated £m | 9.375% Subordinated Bonds 2021 (£500 million) | |||||||
Disclosure of detailed information about borrowings [line items] | |||||||
Repurchases and redemptions during the year | (200,000,000) | ||||||
Dated £m | 5.374% Subordinated Fixed Rate Notes 2021 (€160 million) | |||||||
Disclosure of detailed information about borrowings [line items] | |||||||
Repurchases and redemptions during the year | (145,000,000) | ||||||
Dated £m | 4.553% Subordinated Fixed Rate Notes 2021 (US$1,500 million) | |||||||
Disclosure of detailed information about borrowings [line items] | |||||||
Repurchases and redemptions during the year | (1,122,000,000) | ||||||
Dated £m | 6% Subordinated Notes 2033 (US$750 million) | |||||||
Disclosure of detailed information about borrowings [line items] | |||||||
Repurchases and redemptions during the year | (216,000,000) | ||||||
Dated £m | 4.293% Subordinated Fixed Rate Notes 2021 (US$824 million) | |||||||
Disclosure of detailed information about borrowings [line items] | |||||||
Repurchases and redemptions during the year | (612,000,000) | ||||||
Dated £m | 4.503% Subordinated Fixed Rate Notes 2021 (US$1,353 million) | |||||||
Disclosure of detailed information about borrowings [line items] | |||||||
Repurchases and redemptions during the year | (1,004,000,000) | ||||||
Dated £m | 8.133% Dated Subordinated Fixed Rate Reset notes 2033 (US$1,000 million) | |||||||
Disclosure of detailed information about borrowings [line items] | |||||||
Proceeds from issue of subordinated liabilities | 837,000,000 | ||||||
Dated £m | 12% Fixed to Floating Rate Perpetual Tier 1 Capital Securities callable 2024 (US$2,000 million) | |||||||
Disclosure of detailed information about borrowings [line items] | |||||||
Repurchases and redemptions during the year | 0 | ||||||
Dated £m | 13% Sterling Step-up Perpetual Capital Securities callable 2029 (£700 million) | |||||||
Disclosure of detailed information about borrowings [line items] | |||||||
Repurchases and redemptions during the year | 0 | ||||||
Dated £m | 7.281% Perpetual Regulatory Tier One Securities (Series B) (£150 million) | |||||||
Disclosure of detailed information about borrowings [line items] | |||||||
Repurchases and redemptions during the year | 0 | ||||||
Dated £m | 7.881% Guaranteed Non-voting Non-cumulative Preferred Securities (£245 million) | Preferred securities £m | |||||||
Disclosure of detailed information about borrowings [line items] | |||||||
Repurchases and redemptions during the year | 0 | ||||||
Dated £m | 12% Perpetual Subordinated Bonds (£100 million) | |||||||
Disclosure of detailed information about borrowings [line items] | |||||||
Repurchases and redemptions during the year | 0 | ||||||
Dated £m | 5.75% Undated Subordinated Step-up Notes (£600 million) | |||||||
Disclosure of detailed information about borrowings [line items] | |||||||
Repurchases and redemptions during the year | 0 | ||||||
Dated £m | 7.625% Dated Subordinated Notes 2025 (£750 million) | |||||||
Disclosure of detailed information about borrowings [line items] | |||||||
Repurchases and redemptions during the year | £ (502,000,000) | ||||||
[1]Restated, see page F- 14 |
SUBORDINATED LIABILITIES - Narr
SUBORDINATED LIABILITIES - Narrative (Details) - GBP (£) £ in Millions | Dec. 31, 2022 | Dec. 31, 2021 |
Disclosure of subordinated liabilities [Abstract] | ||
Default of subordinated liabilities | £ 0 | £ 0 |
SHARE CAPITAL - Schedule of Iss
SHARE CAPITAL - Schedule of Issued and Fully Paid Share Capital (Details) - GBP (£) £ / shares in Units, £ in Millions | 12 Months Ended | |||
Dec. 31, 2022 | Dec. 31, 2021 | Dec. 31, 2020 | Dec. 31, 2019 | |
SHARE CAPITAL (Details) - Schedule of Authorised Share Capital [Line Items] | ||||
At 1 January, shares outstanding (in shares) | 1,574,285,752 | 1,574,285,752 | 1,574,285,751 | |
1 January, issued capital | £ 1,574 | £ 1,574 | £ 1,574 | £ 1,574 |
Number of ordinary shares issued (in shares) | 0 | 0 | 1 | |
Proceeds from issue of ordinary shares | £ 0 | £ 0 | £ 0 | |
At 31 December, shares outstanding (in shares) | 1,574,285,752 | 1,574,285,752 | 1,574,285,752 | |
31 December, issued capital | £ 1,574 | £ 1,574 | £ 1,574 | |
Ordinary shares, nominal value 1 pound each | ||||
SHARE CAPITAL (Details) - Schedule of Authorised Share Capital [Line Items] | ||||
Ordinary shares per share value (in GBP per share) | £ 1 | £ 1 |
SHARE PREMIUM ACCOUNT - Schedul
SHARE PREMIUM ACCOUNT - Schedule of Share Premium Account (Details) - GBP (£) £ in Millions | Dec. 31, 2022 | Dec. 31, 2021 | Dec. 31, 2020 |
Disclosure For Share Premium Account Explanatory [Abstract] | |||
At 1 January and 31 December | £ 600 | £ 600 | £ 600 |
OTHER RESERVES (Details) - Sche
OTHER RESERVES (Details) - Schedule of Other Reserves - GBP (£) £ in Millions | Dec. 31, 2022 | Dec. 31, 2021 | Dec. 31, 2020 |
OTHER RESERVES (Details) - Schedule of Other Reserves [Line Items] | |||
Merger reserve | £ 6,348 | £ 6,348 | £ 6,348 |
Cash flow hedging reserve | (5,168) | (451) | 1,507 |
Foreign currency translation reserve | (44) | (135) | (116) |
At 31 December | 743 | 5,400 | 7,181 |
Debt securities | |||
OTHER RESERVES (Details) - Schedule of Other Reserves [Line Items] | |||
Revaluation reserve at fair value through other comprehensive income | (393) | (362) | (558) |
Equity securities | |||
OTHER RESERVES (Details) - Schedule of Other Reserves [Line Items] | |||
Revaluation reserve at fair value through other comprehensive income | £ 0 | £ 0 | £ 0 |
OTHER RESERVES (Details) - Sc_2
OTHER RESERVES (Details) - Schedule of Revaluation Reserve in Respect of Debt Securities - GBP (£) £ in Millions | 12 Months Ended | ||
Dec. 31, 2022 | Dec. 31, 2021 | Dec. 31, 2020 | |
OTHER RESERVES (Details) - Schedule of revaluation reserve in respect of debt securities [Line Items] | |||
Change in fair value | £ 0 | £ 0 | £ 0 |
Fair value gains (losses) on financial assets reclassified out of available-for-sale financial assets recognised in other comprehensive income | 9 | 3 | |
Income statement transfers in respect of disposals (note 8) | 132 | (137) | (46) |
Debt securities | |||
OTHER RESERVES (Details) - Schedule of revaluation reserve in respect of debt securities [Line Items] | |||
At 1 January | (362) | (558) | |
At 31 December | (393) | (362) | (558) |
Debt securities | Revaluation reserve in respect of debt securities held at fair value through other comprehensive income | |||
OTHER RESERVES (Details) - Schedule of revaluation reserve in respect of debt securities [Line Items] | |||
At 1 January | (362) | (558) | (538) |
Change in fair value | (132) | 137 | 46 |
Deferred tax | 34 | (44) | 29 |
Current tax | 8 | 0 | (2) |
Fair value gains (losses) on financial assets reclassified out of available-for-sale financial assets recognised in other comprehensive income | (90) | 93 | 73 |
Impairment (charge) credit | 6 | (2) | 5 |
At 31 December | (393) | (362) | (558) |
Debt securities | Revaluation reserve in respect of debt securities held at fair value through other comprehensive income | Income statement transfers | |||
OTHER RESERVES (Details) - Schedule of revaluation reserve in respect of debt securities [Line Items] | |||
Income statement transfers in respect of disposals (note 8) | 76 | 116 | (145) |
Deferred tax | (23) | (11) | 47 |
Net Income statement transfers | £ 53 | £ 105 | £ (98) |
OTHER RESERVES (Details) - Sc_3
OTHER RESERVES (Details) - Schedule of Revaluation Reserve in Respect of Equity Shares - GBP (£) £ in Millions | 12 Months Ended | ||
Dec. 31, 2022 | Dec. 31, 2021 | Dec. 31, 2020 | |
OTHER RESERVES (Details) - Schedule of revaluation reserve in respect of equity shares [Line Items] | |||
Change in fair value | £ 0 | £ 0 | £ 0 |
Equity shares | Revaluation reserve in respect of debt securities held at fair value through other comprehensive income | |||
OTHER RESERVES (Details) - Schedule of revaluation reserve in respect of equity shares [Line Items] | |||
At 1 January | 0 | 0 | 0 |
Change in fair value | 0 | 0 | 0 |
Deferred tax | (1) | 1 | (16) |
Other comprehensive income, before tax, gains (losses) on revaluation | (1) | 1 | (16) |
At 31 December | 0 | 0 | 0 |
Retained profits £ million | Equity shares | Revaluation reserve in respect of debt securities held at fair value through other comprehensive income | |||
OTHER RESERVES (Details) - Schedule of revaluation reserve in respect of equity shares [Line Items] | |||
Realised gains and losses transferred to retained profits | 0 | 0 | 0 |
Deferred tax | 1 | (1) | 16 |
Other comprehensive income, net of tax, gains (losses) on revaluation | £ 1 | £ (1) | £ 16 |
OTHER RESERVES (Details) - Sc_4
OTHER RESERVES (Details) - Schedule of Cash Flow Hedging Reserve - GBP (£) £ in Millions | 12 Months Ended | ||
Dec. 31, 2022 | Dec. 31, 2021 | Dec. 31, 2020 | |
Cash flow hedging reserve | |||
At 1 January | £ (451) | £ 1,507 | |
At 31 December | (5,168) | (451) | £ 1,507 |
Cash flow hedging reserve | |||
Cash flow hedging reserve | |||
At 1 January | (451) | 1,507 | 1,556 |
Change in fair value of hedging derivatives | (4,717) | (1,532) | 480 |
Net income statement transfers | 0 | (426) | (529) |
At 31 December | (5,168) | (451) | 1,507 |
Cash flow hedging reserve | Pre-tax | |||
Cash flow hedging reserve | |||
Change in fair value of hedging derivatives | (6,520) | (2,138) | 709 |
Net income statement transfers | (1) | (584) | (727) |
Cash flow hedging reserve | Deferred tax | |||
Cash flow hedging reserve | |||
Change in fair value of hedging derivatives | 1,803 | 606 | (229) |
Net income statement transfers | £ 1 | £ 158 | £ 198 |
OTHER RESERVES (Details) - Sc_5
OTHER RESERVES (Details) - Schedule of Foreign Currency Translation Reserve - GBP (£) £ in Millions | 12 Months Ended | ||
Dec. 31, 2022 | Dec. 31, 2021 | Dec. 31, 2020 | |
Foreign currency translation reserve | |||
At 1 January | £ (135) | £ (116) | |
At 31 December | (44) | (135) | £ (116) |
Reserve of change in value of foreign currency basis spreads | |||
Foreign currency translation reserve | |||
At 1 January | (135) | (116) | (116) |
Currency translation differences arising in the year | 91 | (19) | 0 |
At 31 December | £ (44) | £ (135) | £ (116) |
RETAINED PROFITS - Schedule of
RETAINED PROFITS - Schedule of Retained Profits (Details) - GBP (£) £ in Millions | 12 Months Ended | ||
Dec. 31, 2022 | Dec. 31, 2021 | Dec. 31, 2020 | |
RETAINED PROFITS (Details) - Schedule of Retained Profits [Line Items] | |||
At 1 January | £ 28,836 | ||
Profit attributable to ordinary shareholders | 4,769 | £ 5,170 | £ 1,440 |
Post-retirement defined benefit scheme remeasurements | (2,152) | 1,062 | 113 |
Dividends (note 36) | (37) | (2,914) | (7) |
Issue of other equity instruments | 1,549 | 1,070 | |
Repurchases and redemptions of other equity instruments (note 35) | (3,226) | ||
Capital contributions received | 221 | 164 | 140 |
Return of capital contributions | (4) | (4) | (4) |
Changes in non-controlling interests | (3) | (2) | |
At 31 December | 31,792 | 28,836 | |
Retained profits £ million | |||
RETAINED PROFITS (Details) - Schedule of Retained Profits [Line Items] | |||
At 1 January | 28,836 | 25,750 | 24,549 |
Profit attributable to ordinary shareholders | 4,528 | 4,826 | 1,023 |
Post-retirement defined benefit scheme remeasurements | (2,152) | 1,062 | 113 |
Gains and losses attributable to own credit risk (net of tax) | 364 | (52) | (55) |
Dividends (note 36) | 0 | (2,900) | 0 |
Issue of other equity instruments | 0 | (1) | 0 |
Repurchases and redemptions of other equity instruments (note 35) | 0 | (9) | 0 |
Capital contributions received | 221 | 164 | 140 |
Return of capital contributions | (4) | (4) | (4) |
Changes in non-controlling interests | 0 | (1) | 0 |
Realised gains and losses on equity shares held at fair value through other comprehensive income | (1) | 1 | (16) |
At 31 December | 31,792 | 28,836 | 25,750 |
Income from continuing involvement in derecognised financial assets | £ 0 | £ 0 | £ 1 |
OTHER EQUITY INSTRUMENTS - Sche
OTHER EQUITY INSTRUMENTS - Schedule of Other Equity Instruments (Details) € in Millions, £ in Millions, $ in Millions | 12 Months Ended | ||||
Dec. 31, 2022 GBP (£) | Dec. 31, 2021 GBP (£) | Dec. 31, 2021 USD ($) | Dec. 31, 2021 EUR (€) | Dec. 31, 2020 GBP (£) | |
OTHER EQUITY INSTRUMENTS (Details) - Schedule of Other Equity Instruments [Line Items] | |||||
At 1 January | £ 4,268 | £ 5,935 | £ 4,865 | ||
Issued in the year: | |||||
Notes issued | 0 | 1,550 | 1,070 | ||
Repurchases and redemptions during the year | (3,226) | ||||
Profit attributable to other equity holders | 241 | 344 | 417 | ||
Distributions on other equity instruments | (241) | (344) | (417) | ||
At 31 December | 4,268 | 4,268 | 5,935 | ||
£500 million Fixed Rate Reset Additional Tier 1 Perpetual Subordinated Permanent Write-Down Securities | |||||
Issued in the year: | |||||
Notes issued | 0 | 500 | 0 | ||
£500 million Fixed Rate Reset Additional Tier 1 Perpetual Subordinated Permanent Write-Down Securities | Sterling notes, nominal | |||||
Issued in the year: | |||||
Notes issued | 500 | ||||
£750 million Floating Rate Additional Tier 1 Perpetual Subordinated Permanent Write-Down Securities | |||||
Issued in the year: | |||||
Notes issued | 0 | 750 | 0 | ||
£750 million Floating Rate Additional Tier 1 Perpetual Subordinated Permanent Write-Down Securities | Sterling notes, nominal | |||||
Issued in the year: | |||||
Notes issued | 750 | ||||
£300 million Floating Rate Additional Tier 1 Perpetual Subordinated Permanent Write-Down Securities | |||||
Issued in the year: | |||||
Notes issued | 0 | 300 | 0 | ||
£300 million Floating Rate Additional Tier 1 Perpetual Subordinated Permanent Write-Down Securities | Sterling notes, nominal | |||||
Issued in the year: | |||||
Notes issued | 300 | ||||
US$500 million Fixed Rate Reset Additional Tier 1 Perpetual Subordinated Permanent Write-Down Securities | |||||
Issued in the year: | |||||
Notes issued | 0 | 0 | 383 | ||
US$500 million Fixed Rate Reset Additional Tier 1 Perpetual Subordinated Permanent Write-Down Securities | USD notes, nominal | |||||
Issued in the year: | |||||
Notes issued | $ | $ 500 | ||||
€750 million Fixed Rate Reset Additional Tier 1 Perpetual Subordinated Permanent Write-Down Securities | |||||
Issued in the year: | |||||
Notes issued | 0 | 0 | 687 | ||
€750 million Fixed Rate Reset Additional Tier 1 Perpetual Subordinated Permanent Write-Down Securities | Euro notes, nominal | |||||
Issued in the year: | |||||
Notes issued | € | € 750 | ||||
US D1500 million fixed rate reset additional tier 1 perpetual subordinated permanent write down securities | |||||
Issued in the year: | |||||
Repurchases and redemptions during the year | £ 0 | £ (3,217) | £ 0 |
OTHER EQUITY INSTRUMENTS - Narr
OTHER EQUITY INSTRUMENTS - Narrative (Details) | 12 Months Ended |
Dec. 31, 2022 | |
Minimum | |
OTHER EQUITY INSTRUMENTS (Details) - Schedule of Other Equity Instruments [Line Items] | |
Common Equity Tier 1 ratio | 7% |
DIVIDENDS ON ORDINARY SHARES (D
DIVIDENDS ON ORDINARY SHARES (Details) - Schedule of Dividends On Ordinary Shares - GBP (£) £ in Millions | 12 Months Ended | ||
Dec. 31, 2022 | Dec. 31, 2021 | Dec. 31, 2020 | |
Interim dividend | |||
DIVIDENDS ON ORDINARY SHARES (Details) - Schedule of Dividends On Ordinary Shares [Line Items] | |||
Interim dividends | £ 0 | £ 2,900 | £ 0 |
SHARE-BASED PAYMENTS (Details)
SHARE-BASED PAYMENTS (Details) - Narrative | 12 Months Ended | ||||
Dec. 31, 2023 | Dec. 31, 2022 GBP (£) share £ / shares | Dec. 31, 2021 GBP (£) share £ / shares | Dec. 31, 2020 GBP (£) | Dec. 31, 2019 shares | |
SHARE-BASED PAYMENTS (Details) - Narrative [Line Items] | |||||
Charges to income statement in respect of share-based payment schemes | £ 351,000,000 | £ 229,000,000 | £ 181,000,000 | ||
Fixed share awards | |||||
SHARE-BASED PAYMENTS (Details) - Narrative [Line Items] | |||||
Number of other equity instruments granted in share-based payment arrangement (in shares) | 7,261,080 | 8,320,948 | |||
Vesting period | 5 years | ||||
Percent of shares to be released each year (in percent) | 20% | ||||
Weighted average exercise price, granted (in GBP per share) | £ / shares | £ 0.47 | £ 0.45 | |||
Chief Financial Officer buyout | |||||
SHARE-BASED PAYMENTS (Details) - Narrative [Line Items] | |||||
Number of options, granted (in shares) | shares | 4,086,632 | ||||
SAYE | |||||
SHARE-BASED PAYMENTS (Details) - Narrative [Line Items] | |||||
Maximum monthly scheme savings | £ 500 | ||||
Time period to use savings | 6 months | ||||
Discounted market price of shares (in percent) | 90% | ||||
Weighted average exercise price, vested (in GBP per share) | £ / shares | £ 0.49 | £ 0.47 | |||
Weighted average remaining contractual life of outstanding share options | 1 year 10 months 17 days | 2 years 5 months 15 days | |||
Weighted average fair value at measurement date, share options granted (in GBP per share) | £ 0.07 | £ 0.09 | |||
SAYE | Bottom of range | |||||
SHARE-BASED PAYMENTS (Details) - Narrative [Line Items] | |||||
Contract term | 3 years | ||||
Lloyds Banking Group executive share plan 2003 | |||||
SHARE-BASED PAYMENTS (Details) - Narrative [Line Items] | |||||
Weighted average exercise price, vested (in GBP per share) | £ / shares | £ 0.46 | £ 0.43 | |||
Weighted average remaining contractual life of outstanding share options | 6 years | 6 years 3 months 18 days | |||
Weighted average fair value at measurement date, share options granted (in GBP per share) | £ 0.44 | £ 0.42 | |||
Lloyds Banking Group long-term incentive plan | |||||
SHARE-BASED PAYMENTS (Details) - Narrative [Line Items] | |||||
Performance period for vesting | 3 years | ||||
Number of shares to be awarded, percentage of annual salary | 300% | ||||
Number of shares to be awarded in exceptional circumstances, percentage of annual salary | 400% | ||||
Lloyds Banking Group long-term incentive plan | Performance 2019 | |||||
SHARE-BASED PAYMENTS (Details) - Narrative [Line Items] | |||||
Awards vesting rate (in percent) | 41.80% | ||||
Lloyds Banking Group long-term incentive plan | Performance 2020 | Forecast | |||||
SHARE-BASED PAYMENTS (Details) - Narrative [Line Items] | |||||
Awards vesting rate (in percent) | 43.70% | ||||
Lloyds Banking Group long term share plan | |||||
SHARE-BASED PAYMENTS (Details) - Narrative [Line Items] | |||||
Weighted average fair value at measurement date, share options granted (in GBP per share) | £ 0.36 | £ 0.36 | |||
Number of options, granted (in shares) | 108,513,202 | 83,456,304 | |||
Group Chief Executive buyout | |||||
SHARE-BASED PAYMENTS (Details) - Narrative [Line Items] | |||||
Weighted average fair value at measurement date, share options granted (in GBP per share) | £ 0.40 | ||||
Number of options, granted (in shares) | share | 0 | 8,301,708 | |||
Free share awards | |||||
SHARE-BASED PAYMENTS (Details) - Narrative [Line Items] | |||||
Maximum employer contribution to free shares scheme | £ 3,600 | ||||
Employer contribution to free shares scheme | £ 0 | £ 1,017 | |||
Number of other equity instruments granted in share-based payment arrangement (in shares) | 67,658,976 | ||||
Weighted average fair value at date of award of shares awarded To under matching shares scheme (in GBP per share) | £ 0.42 | ||||
Free share awards | Bottom of range | |||||
SHARE-BASED PAYMENTS (Details) - Narrative [Line Items] | |||||
Contract term | 3 years | ||||
Matching shares | |||||
SHARE-BASED PAYMENTS (Details) - Narrative [Line Items] | |||||
Number of other equity instruments granted in share-based payment arrangement (in shares) | 43,378,504 | 46,621,026 | |||
Weighted average fair value at date of award of shares awarded To under matching shares scheme (in GBP per share) | £ 0.45 | £ 0.44 | |||
Maximum employer contribution to matching shares scheme | £ 45 |
SHARE-BASED PAYMENTS (Details_2
SHARE-BASED PAYMENTS (Details) - Schedule of Share Options Outstanding | 12 Months Ended | |
Dec. 31, 2022 GBP (£) £ / shares | Dec. 31, 2021 GBP (£) £ / shares | |
SAYE | ||
SHARE-BASED PAYMENTS (Details) - Schedule of Shares under the Executive Share Ownership Plan [Line Items] | ||
Number of options outstanding, start of period (in shares) | 1,180,563,291 | 1,120,138,915 |
Number of options, granted (in shares) | 217,611,519 | 236,923,744 |
Number of options exercised (in shares) | (23,359,526) | (6,924,434) |
Number of options, forfeited (in shares) | (20,961,259) | (22,815,078) |
Number of options, cancelled (in shares) | (47,687,607) | (51,479,310) |
Number of options, expired (in shares) | (49,248,343) | (95,280,546) |
Number of options outstanding, end of period (in shares) | 1,256,918,075 | 1,180,563,291 |
Number of options exercisable, end of period (in shares) | 263,302 | 336,561 |
Weighted average exercise price of options outstanding, start of period (in GBP per share) | £ 0.3063 | £ 0.3039 |
Weighted average exercise price, granted (in GBP per share) | 0.3938 | 0.3940 |
Weighted average exercise price, exercised (in GBP per share) | 0.3775 | 0.3057 |
Weighted average exercise price, forfeited (in GBP per share) | £ 0.2920 | £ 0.2878 |
Weighted average exercise price, cancelled (in GBP per share) | £ | £ 0.3388 | £ 0.3257 |
Weighted average exercise price, expired (in GBP per share) | £ 0.4629 | £ 0.4903 |
Weighted average exercise price of options outstanding, end of period (in GBP per share) | 0.3130 | 0.3063 |
Number of options exercisable, end of period (GBP per share) | £ 0.4792 | £ 0.5103 |
Lloyds Banking Group executive share plan 2003 | ||
SHARE-BASED PAYMENTS (Details) - Schedule of Shares under the Executive Share Ownership Plan [Line Items] | ||
Number of options outstanding, start of period (in shares) | 14,032,762 | 8,477,084 |
Number of options, granted (in shares) | 10,278,224 | 13,610,204 |
Number of options exercised (in shares) | (3,333,322) | (7,110,663) |
Number of options, vested (in shares) | 0 | 0 |
Number of options, forfeited (in shares) | (33,409) | (385,184) |
Number of options, expired (in shares) | (477,784) | (558,679) |
Number of options outstanding, end of period (in shares) | 20,466,471 | 14,032,762 |
Number of options exercisable, end of period (in shares) | 1,638,202 | 708,939 |
Weighted average exercise price of options outstanding, start of period (in GBP per share) | £ 0 | £ 0 |
Weighted average exercise price, granted (in GBP per share) | 0 | 0 |
Weighted average exercise price, exercised (in GBP per share) | 0 | 0 |
Weighted average exercise price, vested (in GBP per share) | 0 | 0 |
Weighted average exercise price, forfeited (in GBP per share) | 0 | 0 |
Weighted average exercise price, expired (in GBP per share) | 0 | 0 |
Weighted average exercise price of options outstanding, end of period (in GBP per share) | 0 | 0 |
Number of options exercisable, end of period (GBP per share) | £ 0 | £ 0 |
SHARE-BASED PAYMENTS (Details_3
SHARE-BASED PAYMENTS (Details) - Schedule of Shares under CFO and Chief Executive Buyout | 12 Months Ended | |
Dec. 31, 2022 share | Dec. 31, 2021 share | |
Chief Financial Officer buyout | ||
SHARE-BASED PAYMENTS (Details) - Schedule of Shares under CFO Buyout [Line Items] | ||
Outstanding at 1 January (in shares) | 686,085 | 1,810,712 |
Exercised (in shares) | (686,085) | (1,124,627) |
Outstanding at 31 December (in shares) | 0 | 686,085 |
Group Chief Executive buyout | ||
SHARE-BASED PAYMENTS (Details) - Schedule of Shares under CFO Buyout [Line Items] | ||
Outstanding at 1 January (in shares) | 7,444,787 | 0 |
Granted (in shares) | 0 | 8,301,708 |
Exercised (in shares) | (859,340) | (856,921) |
Outstanding at 31 December (in shares) | 6,585,447 | 7,444,787 |
SHARE-BASED PAYMENTS (Details_4
SHARE-BASED PAYMENTS (Details) - Schedule of Shares under the Executive Share Ownership Plan and Group Long Term Share Plan | 12 Months Ended | |
Dec. 31, 2022 | Dec. 31, 2021 | |
Lloyds Banking Group executive share plan 2006 | ||
SHARE-BASED PAYMENTS (Details) - Schedule of Shares under the Executive Share Ownership Plan [Line Items] | ||
Outstanding at 1 January (in shares) | 350,873,627 | 533,987,527 |
Granted (in shares) | 0 | 0 |
Exercised (in shares) | (50,703,778) | (39,621,415) |
Number of options, forfeited (in shares) | (98,741,356) | (144,437,243) |
Dividend award (in shares) | 966,016 | 944,758 |
Outstanding at 31 December (in shares) | 202,394,509 | 350,873,627 |
Lloyds Banking Group long term share plan | ||
SHARE-BASED PAYMENTS (Details) - Schedule of Shares under the Executive Share Ownership Plan [Line Items] | ||
Outstanding at 1 January (in shares) | 77,883,068 | 0 |
Granted (in shares) | 108,513,202 | 83,456,304 |
Exercised (in shares) | 0 | 0 |
Number of options, forfeited (in shares) | (14,448,527) | (5,573,236) |
Dividend award (in shares) | 0 | 0 |
Outstanding at 31 December (in shares) | 171,947,743 | 77,883,068 |
SHARE-BASED PAYMENTS (Details_5
SHARE-BASED PAYMENTS (Details) - Schedule of Assumptions Used for Calculating Benefit Plans | 12 Months Ended |
Dec. 31, 2022 £ / shares | |
SAYE | |
SHARE-BASED PAYMENTS (Details) - Schedule of Assumptions Used for Calculating Benefit Plans [Line Items] | |
Weighted average risk-free interest rate (in percent) | 4.33% |
Weighted average expected life | 3 years 3 months 18 days |
Weighted average expected volatility (in percent) | 28% |
Weighted average dividend yield (in percent) | 5.30% |
Weighted average share price (in GBP per share) | £ 0.42 |
Weighted average exercise price (in GBP per share) | £ 0.39 |
Executive Share Plans | |
SHARE-BASED PAYMENTS (Details) - Schedule of Assumptions Used for Calculating Benefit Plans [Line Items] | |
Weighted average risk-free interest rate (in percent) | 3.20% |
Weighted average expected life | 1 year 2 months 12 days |
Weighted average expected volatility (in percent) | 27% |
Weighted average dividend yield (in percent) | 5.30% |
Weighted average share price (in GBP per share) | £ 0.47 |
Weighted average exercise price (in GBP per share) | £ 0 |
Long Term Share Plan | |
SHARE-BASED PAYMENTS (Details) - Schedule of Assumptions Used for Calculating Benefit Plans [Line Items] | |
Weighted average risk-free interest rate (in percent) | 1.01% |
Weighted average expected life | 3 years 7 months 6 days |
Weighted average expected volatility (in percent) | 33% |
Weighted average dividend yield (in percent) | 5.30% |
Weighted average share price (in GBP per share) | £ 0.43 |
Weighted average exercise price (in GBP per share) | £ 0 |
RELATED PARTY TRANSACTIONS - Sc
RELATED PARTY TRANSACTIONS - Schedule of Compensation of Key Management Personnel (Details) - GBP (£) £ in Millions | 12 Months Ended | ||
Dec. 31, 2022 | Dec. 31, 2021 | Dec. 31, 2020 | |
Compensation | |||
Salaries and other short-term benefits | £ 11 | £ 10 | £ 12 |
Post-employment benefits | 0 | 0 | 0 |
Share-based payments | 14 | 14 | 12 |
Total compensation | £ 25 | £ 24 | £ 24 |
RELATED PARTY TRANSACTIONS - Na
RELATED PARTY TRANSACTIONS - Narrative (Details) | 12 Months Ended | ||
Dec. 31, 2022 GBP (£) connectedPerson director | Dec. 31, 2021 GBP (£) connectedPerson director | Dec. 31, 2020 GBP (£) connectedPerson director | |
RELATED PARTY TRANSACTIONS (Details) - Narrative [Line Items] | |||
Borrowings, interest rate (in percent) | 4.17% | 2.30% | 2.42% |
Guarantees provided to key management personnel | £ 0 | £ 0 | £ 0 |
Customer deposits | 446,172,000,000 | 449,373,000,000 | |
Loans and advances to customers | 435,627,000,000 | £ 430,829,000,000 | |
Transactions and arrangements | |||
RELATED PARTY TRANSACTIONS (Details) - Narrative [Line Items] | |||
Number of directors | director | 5 | 5 | |
Number of connected persons | connectedPerson | 2 | 2 | |
Operating Margin Guarantee | Lloyds Banking Group plc | |||
RELATED PARTY TRANSACTIONS (Details) - Narrative [Line Items] | |||
Payments related to guarantees made by entity | 18,000,000 | £ 10,000,000 | |
Schroder Wealth Holdings Limited | Lloyds Banking Group plc | |||
RELATED PARTY TRANSACTIONS (Details) - Narrative [Line Items] | |||
Management fee expense | 5,000,000 | 7,000,000 | |
Pension funds | |||
RELATED PARTY TRANSACTIONS (Details) - Narrative [Line Items] | |||
Customer deposits | 155,000,000 | 480,000,000 | |
Outstanding | |||
RELATED PARTY TRANSACTIONS (Details) - Narrative [Line Items] | |||
Loans and advances to customers | 21,000,000 | 14,000,000 | |
Balances and transactions with Lloyds Banking Group plc and fellow subsidiaries of the Bank | Lloyds Banking Group plc | |||
RELATED PARTY TRANSACTIONS (Details) - Narrative [Line Items] | |||
Interest income on other financial assets | 11,000,000 | 11,000,000 | £ 5,000,000 |
Interest expense on other financial liabilities | 666,000,000 | 500,000,000 | 478,000,000 |
Directors and connected persons | |||
RELATED PARTY TRANSACTIONS (Details) - Narrative [Line Items] | |||
Wages and salaries | 9,200,000 | 10,600,000 | 11,800,000 |
Outstanding commitments made by entity, related party transactions | 2,100 | 600,000 | 600,000 |
Key management personnel of entity or parent | |||
RELATED PARTY TRANSACTIONS (Details) - Narrative [Line Items] | |||
Pension contributions | 0 | 0 | 0 |
Provisions | £ 0 | £ 0 | £ 0 |
Interest rate on deposits (in percent) | 5% | 1% | 2% |
Key management personnel of entity or parent | Bottom of range | |||
RELATED PARTY TRANSACTIONS (Details) - Narrative [Line Items] | |||
Borrowings, interest rate (in percent) | 1.01% | 0.39% | 0.39% |
Key management personnel of entity or parent | Top of range | |||
RELATED PARTY TRANSACTIONS (Details) - Narrative [Line Items] | |||
Borrowings, interest rate (in percent) | 30.15% | 22.93% | 24.20% |
Highest paid director | |||
RELATED PARTY TRANSACTIONS (Details) - Narrative [Line Items] | |||
Wages and salaries | £ 5,160,000 | £ 3,117,000 | £ 4,169,000 |
Joint ventures and associates | |||
RELATED PARTY TRANSACTIONS (Details) - Narrative [Line Items] | |||
Balances on term deposits from customers | £ 58,000,000 | £ 22,000,000 | |
Director | |||
RELATED PARTY TRANSACTIONS (Details) - Narrative [Line Items] | |||
Outstanding Commitments Made By Entity, Related Party Transactions, Number Of Related Parties | director | 3 | ||
Connected person | |||
RELATED PARTY TRANSACTIONS (Details) - Narrative [Line Items] | |||
Outstanding Commitments Made By Entity, Related Party Transactions, Number Of Related Parties | connectedPerson | 0 |
RELATED PARTY TRANSACTIONS - _2
RELATED PARTY TRANSACTIONS - Schedule of Aggregate Contributions in Respect of Key Management Personnel to Defined Contribution Pension Schemes (Details) - Key management personnel of entity or parent - GBP (£) £ in Millions | 12 Months Ended | ||
Dec. 31, 2022 | Dec. 31, 2021 | Dec. 31, 2020 | |
Share option plans | |||
RELATED PARTY TRANSACTIONS (Details) - Schedule of Aggregate Contributions in Respect of Key Management Personnel to Defined Contribution Pension Schemes [Line Items] | |||
At 1 January | £ 0 | £ 0 | £ 0 |
Granted, including certain adjustments (includes entitlements of appointed key management personnel) | 0 | 0 | 0 |
Exercised/lapsed (includes entitlements of former key management personnel) | 0 | 0 | 0 |
31 December | 0 | 0 | 0 |
Share plans | |||
RELATED PARTY TRANSACTIONS (Details) - Schedule of Aggregate Contributions in Respect of Key Management Personnel to Defined Contribution Pension Schemes [Line Items] | |||
At 1 January | 74 | 117 | 101 |
Granted, including certain adjustments (includes entitlements of appointed key management personnel) | 29 | 19 | 46 |
Exercised/lapsed (includes entitlements of former key management personnel) | (31) | (62) | (30) |
31 December | £ 72 | £ 74 | £ 117 |
RELATED PARTY TRANSACTIONS - _3
RELATED PARTY TRANSACTIONS - Schedule of Loan Balances Outstanding (Details) - Key management personnel of entity or parent - GBP (£) £ in Millions | 12 Months Ended | ||
Dec. 31, 2022 | Dec. 31, 2021 | Dec. 31, 2020 | |
Loans | |||
At 1 January | £ 3 | £ 2 | £ 2 |
Advanced (includes loans to appointed key management personnel) | 1 | 1 | 0 |
Repayments (includes loans to former key management personnel) | (2) | 0 | 0 |
At 31 December | £ 2 | £ 3 | £ 2 |
RELATED PARTY TRANSACTIONS - _4
RELATED PARTY TRANSACTIONS - Schedule of Deposits (Details) - Key management personnel of entity or parent - GBP (£) £ in Millions | 12 Months Ended | ||
Dec. 31, 2022 | Dec. 31, 2021 | Dec. 31, 2020 | |
Deposits | |||
At 1 January | £ 11 | £ 11 | £ 23 |
Placed (includes deposits of appointed key management personnel) | 37 | 26 | 26 |
Withdrawn (includes deposits of former key management personnel) | (38) | (26) | (38) |
At 31 December | £ 10 | £ 11 | £ 11 |
RELATED PARTY TRANSACTIONS - _5
RELATED PARTY TRANSACTIONS - Schedule of Balances and Transactions with Lloyds Banking Group Plc and Fellow Subsidiaries of the Bank (Details) - GBP (£) £ in Millions | Dec. 31, 2022 | Dec. 31, 2021 | Dec. 31, 2020 |
Assets, included within: | |||
Derivative financial instruments | £ 3,857 | £ 5,511 | |
Financial assets at amortised cost: due from fellow Lloyds Banking Group undertakings | 816 | 739 | |
Total financial assets | 591,704 | 579,837 | |
Liabilities, included within: | |||
Due to fellow Lloyds Banking Group undertakings | 2,539 | 1,490 | |
Financial liabilities at fair value through profit or loss | 5,159 | 6,537 | |
Derivative financial instruments | 5,891 | 4,643 | |
Debt securities in issue | 49,056 | 48,724 | |
Subordinated liabilities | 6,593 | 8,658 | £ 9,242 |
Total financial liabilities | 571,555 | 555,934 | |
Balances and transactions with Lloyds Banking Group plc and fellow subsidiaries of the Bank | |||
Assets, included within: | |||
Derivative financial instruments | 1,120 | 634 | |
Financial assets at amortised cost: due from fellow Lloyds Banking Group undertakings | 816 | 739 | |
Total financial assets | 1,936 | 1,373 | |
Liabilities, included within: | |||
Due to fellow Lloyds Banking Group undertakings | 2,539 | 1,490 | |
Derivative financial instruments | 1,084 | 939 | |
Debt securities in issue | 17,648 | 17,961 | |
Subordinated liabilities | 6,490 | 5,176 | |
Total financial liabilities | £ 27,761 | £ 25,566 |
CONTINGENT LIABILITIES, COMMI_3
CONTINGENT LIABILITIES, COMMITMENTS AND GUARANTEES - Narrative (Details) £ in Millions | 12 Months Ended | |
Dec. 31, 2022 GBP (£) classAction | Dec. 31, 2021 GBP (£) | |
CONTINGENT LIABILITIES, COMMITMENTS AND GUARANTEES (Details) - Narrative [Line Items] | ||
Capital commitments | £ 1,663 | £ 1,034 |
Amounts related to assets to be leased under operating leases signage | £ 1,663 | 1,034 |
Netherlands | ||
CONTINGENT LIABILITIES, COMMITMENTS AND GUARANTEES (Details) - Narrative [Line Items] | ||
Number of class actions named as defendant | classAction | 2 | |
Maximum exposure £m | ||
CONTINGENT LIABILITIES, COMMITMENTS AND GUARANTEES (Details) - Narrative [Line Items] | ||
Irrevocable commitments and guarantees | £ 57,782 | £ 55,690 |
Legal proceedings contingent liability | ||
CONTINGENT LIABILITIES, COMMITMENTS AND GUARANTEES (Details) - Narrative [Line Items] | ||
Increase in current tax liability | 760 | |
Decrease in deferred tax asset | £ 295 |
CONTINGENT LIABILITIES, COMMI_4
CONTINGENT LIABILITIES, COMMITMENTS AND GUARANTEES - Schedule of Contingent Liabilities (Details) - GBP (£) £ in Millions | Dec. 31, 2022 | Dec. 31, 2021 |
Contingent liabilities | ||
Contingent liabilities | £ 2,900 | £ 2,340 |
Acceptances and endorsements | ||
Contingent liabilities | ||
Contingent liabilities | 58 | 21 |
Other items serving as direct credit substitutes | ||
Contingent liabilities | ||
Contingent liabilities | 781 | 433 |
Performance bonds, including letters of credit, and other transaction-related contingencies | ||
Contingent liabilities | ||
Contingent liabilities | 2,061 | 1,886 |
Other contingent liabilities | ||
Contingent liabilities | ||
Contingent liabilities | £ 2,842 | £ 2,319 |
CONTINGENT LIABILITIES, COMMI_5
CONTINGENT LIABILITIES, COMMITMENTS AND GUARANTEES - Schedule of Commitments (Details) - GBP (£) £ in Millions | Dec. 31, 2022 | Dec. 31, 2021 |
Commitments and guarantees | ||
Commitments and guarantees | £ 127,369 | £ 127,684 |
Not later than 1 year | ||
Commitments and guarantees | ||
Commitments and guarantees | 91,310 | 97,587 |
1 year or over original maturity | ||
Commitments and guarantees | ||
Commitments and guarantees | 36,020 | 30,037 |
Forward asset purchases and forward deposits placed | ||
Commitments and guarantees | ||
Commitments and guarantees | 39 | 60 |
Mortgage offers made | Not later than 1 year | ||
Commitments and guarantees | ||
Commitments and guarantees | 17,068 | 17,757 |
Other commitments and guarantees | Not later than 1 year | ||
Commitments and guarantees | ||
Commitments and guarantees | 74,242 | 79,830 |
Undrawn commitments | Not later than 1 year | ||
Commitments and guarantees | ||
Commitments and guarantees | £ 91,310 | £ 97,587 |
STRUCTURED ENTITIES (Details)
STRUCTURED ENTITIES (Details) - GBP (£) £ in Millions | Dec. 31, 2022 | Dec. 31, 2021 |
STRUCTURED ENTITIES (Details) [Line Items] | ||
Loans and advances to customers | £ 435,627 | £ 430,829 |
Financial assets at fair value through profit or loss | ||
STRUCTURED ENTITIES (Details) [Line Items] | ||
Loans and advances to customers | 1,132 | 1,559 |
Total | 1,371 | 1,798 |
Cancara | ||
STRUCTURED ENTITIES (Details) [Line Items] | ||
Financial assets pledged as collateral for liabilities or contingent liabilities | 2,357 | 1,745 |
Loans and advances to customers | 1,464 | 889 |
Asset-backed debt instruments held | 850 | 780 |
Cancara | Financial assets at fair value through profit or loss | ||
STRUCTURED ENTITIES (Details) [Line Items] | ||
Total | £ 43 | £ 76 |
FINANCIAL INSTRUMENTS - Schedul
FINANCIAL INSTRUMENTS - Schedule of Financial Assets and Liabilities (Details) - GBP (£) £ in Millions | Dec. 31, 2022 | Dec. 31, 2021 | Dec. 31, 2020 |
Financial assets | |||
Cash and balances at central banks | £ 72,005 | £ 54,279 | £ 49,888 |
Items in the course of collection from banks | 229 | 147 | |
Financial assets at fair value through profit or loss | 1,371 | 1,798 | |
Derivative financial instruments | 3,857 | 5,511 | |
Loans and advances to banks | 8,363 | 4,478 | |
Loans and advances to customers | 435,627 | 430,829 | |
Reverse repurchase agreements | 39,259 | 49,708 | |
Debt securities | 7,331 | 4,562 | |
Financial assets at amortised cost: due from fellow Lloyds Banking Group undertakings | 816 | 739 | |
Financial assets at amortised cost | 491,396 | 490,316 | |
Financial assets at fair value through other comprehensive income | 22,846 | 27,786 | |
Total financial assets | 591,704 | 579,837 | |
Financial liabilities | |||
Deposits from banks | 4,658 | 3,363 | |
Customer deposits | 446,172 | 449,373 | |
Repurchase agreements at amortised cost | 48,590 | 30,106 | |
Due to fellow Lloyds Banking Group undertakings | 2,539 | 1,490 | |
Items in the course of transmission to banks | 357 | 308 | |
Financial liabilities at fair value through profit or loss | 5,159 | 6,537 | |
Derivative financial instruments | 5,891 | 4,643 | |
Notes in circulation | 1,280 | 1,321 | |
Debt securities in issue | 49,056 | 48,724 | |
Other | 1,260 | 1,411 | |
Subordinated liabilities | 6,593 | 8,658 | £ 9,242 |
Total financial liabilities | 571,555 | 555,934 | |
Derivatives designated as hedging instruments £m | |||
Financial assets | |||
Derivative financial instruments | 19 | 55 | |
Total financial assets | 19 | 55 | |
Financial liabilities | |||
Derivative financial instruments | 506 | 315 | |
Total financial liabilities | 506 | 315 | |
Held for trading £m | Mandatorily held at fair value through profit or loss | |||
Financial assets | |||
Financial assets at fair value through profit or loss | 0 | ||
Derivative financial instruments | 3,838 | 5,456 | |
Total financial assets | 3,838 | 5,456 | |
Financial liabilities | |||
Financial liabilities at fair value through profit or loss | 0 | 0 | |
Derivative financial instruments | 5,385 | 4,328 | |
Total financial liabilities | 5,385 | 4,328 | |
Other £m | Mandatorily held at fair value through profit or loss | |||
Financial assets | |||
Financial assets at fair value through profit or loss | 1,371 | 1,798 | |
Total financial assets | 1,371 | 1,798 | |
Designated at fair value through profit or loss £m | |||
Financial liabilities | |||
Financial liabilities at fair value through profit or loss | 5,159 | 6,537 | |
Total financial liabilities | 5,159 | 6,537 | |
At fair value through other comprehensive income £m | |||
Financial assets | |||
Financial assets at fair value through other comprehensive income | 22,846 | 27,786 | |
Total financial assets | 22,846 | 27,786 | |
Held at amortised cost £m | |||
Financial assets | |||
Cash and balances at central banks | 72,005 | 54,279 | |
Items in the course of collection from banks | 229 | 147 | |
Loans and advances to banks | 8,363 | 4,478 | |
Loans and advances to customers | 435,627 | 430,829 | |
Reverse repurchase agreements | 39,259 | 49,708 | |
Debt securities | 7,331 | 4,562 | |
Financial assets at amortised cost: due from fellow Lloyds Banking Group undertakings | 816 | 739 | |
Financial assets at amortised cost | 491,396 | 490,316 | |
Total financial assets | 563,630 | 544,742 | |
Financial liabilities | |||
Deposits from banks | 4,658 | 3,363 | |
Customer deposits | 446,172 | 449,373 | |
Repurchase agreements at amortised cost | 48,590 | 30,106 | |
Due to fellow Lloyds Banking Group undertakings | 2,539 | 1,490 | |
Items in the course of transmission to banks | 357 | 308 | |
Notes in circulation | 1,280 | 1,321 | |
Debt securities in issue | 49,056 | 48,724 | |
Other | 1,260 | 1,411 | |
Subordinated liabilities | 6,593 | 8,658 | |
Total financial liabilities | £ 560,505 | £ 544,754 |
FINANCIAL INSTRUMENTS - Narrati
FINANCIAL INSTRUMENTS - Narrative (Details) - GBP (£) £ in Millions | 12 Months Ended | ||
Dec. 31, 2022 | Dec. 31, 2021 | Dec. 31, 2020 | |
FINANCIAL INSTRUMENTS (Details) - Narrative [Line Items] | |||
Financial liabilities at fair value through profit or loss | £ 5,159 | £ 6,537 | |
Liabilities designated at fair value through profit or loss: debt securities in issue | 5,159 | 6,537 | |
Fair value losses before tax | (519) | 86 | £ 75 |
Derivative financial instruments | 3,857 | 5,511 | |
Derivative financial instruments | 5,891 | 4,643 | |
Adjustments for gains (losses) on change in fair value of derivatives | 6 | 12 | |
Bottom of range | |||
FINANCIAL INSTRUMENTS (Details) - Narrative [Line Items] | |||
Increase (decrease) in valuation adjustment | (21) | ||
Top of range | |||
FINANCIAL INSTRUMENTS (Details) - Narrative [Line Items] | |||
Increase (decrease) in valuation adjustment | 19 | ||
CVA | |||
FINANCIAL INSTRUMENTS (Details) - Narrative [Line Items] | |||
Increase (decrease) in valuation adjustment | £ 12 | ||
DVA | |||
FINANCIAL INSTRUMENTS (Details) - Narrative [Line Items] | |||
Increase (decrease) in credit default swap (in percent) | 1% | ||
DVA | Bottom of range | |||
FINANCIAL INSTRUMENTS (Details) - Narrative [Line Items] | |||
Increase (decrease) in valuation adjustment | £ 13 | ||
Funding Valuation Adjustment | |||
FINANCIAL INSTRUMENTS (Details) - Narrative [Line Items] | |||
Increase (decrease) in valuation adjustment | £ 1 | ||
Residential mortgage backed securities | Bottom of range | |||
FINANCIAL INSTRUMENTS (Details) - Narrative [Line Items] | |||
Debt instrument term | 2 years | ||
Residential mortgage backed securities | Top of range | |||
FINANCIAL INSTRUMENTS (Details) - Narrative [Line Items] | |||
Debt instrument term | 5 years | ||
Total level 3 assets carried at fair value, excluding derivatives (recurring basis) £m | |||
FINANCIAL INSTRUMENTS (Details) - Narrative [Line Items] | |||
Financial assets at fair value excluding derivatives | £ 24,217 | £ 29,584 |
FINANCIAL INSTRUMENTS - Sched_2
FINANCIAL INSTRUMENTS - Schedule of Financial Assets Excluding Derivatives (Details) - GBP (£) £ in Millions | Dec. 31, 2022 | Dec. 31, 2021 |
Financial assets at fair value through profit or loss | ||
Loans and advances to customers | £ 435,627 | £ 430,829 |
Total financial assets at fair value through profit or loss | 1,371 | 1,798 |
Debt securities: | ||
Net carrying amount | 7,331 | 4,562 |
Total financial assets at fair value through other comprehensive income | 22,846 | 27,786 |
Financial assets at fair value through profit or loss | ||
Financial assets at fair value through profit or loss | ||
Loans and advances to customers | 1,132 | 1,559 |
Equity shares | 239 | 239 |
Financial assets at fair value through other comprehensive income | ||
Financial assets at fair value through profit or loss | ||
Equity shares | 1 | 1 |
Debt securities: | ||
Government securities | 11,196 | 14,599 |
Corporate and other debt securities | 11,511 | 13,131 |
Net carrying amount | 22,845 | 27,785 |
Total financial assets at fair value through other comprehensive income | 22,846 | 27,786 |
Level 1 £m | ||
Debt securities: | ||
Net carrying amount | 167 | 0 |
Level 2 £m | ||
Debt securities: | ||
Net carrying amount | 7,167 | 4,615 |
Level 3 £m | ||
Debt securities: | ||
Net carrying amount | 0 | 0 |
Total level 3 assets carried at fair value, excluding derivatives (recurring basis) £m | ||
Debt securities: | ||
Total financial assets carried at fair value, excluding derivatives | 24,217 | 29,584 |
Total level 3 assets carried at fair value, excluding derivatives (recurring basis) £m | Financial assets at fair value through profit or loss | ||
Financial assets at fair value through profit or loss | ||
Loans and advances to customers | 1,132 | 1,559 |
Equity shares | 239 | 239 |
Total financial assets at fair value through profit or loss | 1,371 | 1,798 |
Total level 3 assets carried at fair value, excluding derivatives (recurring basis) £m | Financial assets at fair value through other comprehensive income | ||
Financial assets at fair value through profit or loss | ||
Equity shares | 1 | 1 |
Debt securities: | ||
Government securities | 11,196 | 14,599 |
Asset-backed securities | 138 | 55 |
Corporate and other debt securities | 11,511 | 13,131 |
Net carrying amount | 22,845 | 27,785 |
Total financial assets at fair value through other comprehensive income | 22,846 | 27,786 |
Total level 3 assets carried at fair value, excluding derivatives (recurring basis) £m | Level 1 £m | ||
Debt securities: | ||
Total financial assets carried at fair value, excluding derivatives | 11,605 | 15,474 |
Total level 3 assets carried at fair value, excluding derivatives (recurring basis) £m | Level 1 £m | Financial assets at fair value through profit or loss | ||
Financial assets at fair value through profit or loss | ||
Loans and advances to customers | 0 | 0 |
Equity shares | 235 | 235 |
Total financial assets at fair value through profit or loss | 235 | 235 |
Total level 3 assets carried at fair value, excluding derivatives (recurring basis) £m | Level 1 £m | Financial assets at fair value through other comprehensive income | ||
Financial assets at fair value through profit or loss | ||
Equity shares | 0 | 0 |
Debt securities: | ||
Government securities | 10,839 | 14,599 |
Asset-backed securities | 0 | 0 |
Corporate and other debt securities | 531 | 640 |
Net carrying amount | 11,370 | 15,239 |
Total financial assets at fair value through other comprehensive income | 11,370 | 15,239 |
Total level 3 assets carried at fair value, excluding derivatives (recurring basis) £m | Level 2 £m | ||
Debt securities: | ||
Total financial assets carried at fair value, excluding derivatives | 12,265 | 13,655 |
Total level 3 assets carried at fair value, excluding derivatives (recurring basis) £m | Level 2 £m | Financial assets at fair value through profit or loss | ||
Financial assets at fair value through profit or loss | ||
Loans and advances to customers | 841 | 1,164 |
Equity shares | 0 | 0 |
Total financial assets at fair value through profit or loss | 841 | 1,164 |
Total level 3 assets carried at fair value, excluding derivatives (recurring basis) £m | Level 2 £m | Financial assets at fair value through other comprehensive income | ||
Financial assets at fair value through profit or loss | ||
Equity shares | 0 | 0 |
Debt securities: | ||
Government securities | 357 | 0 |
Asset-backed securities | 87 | 0 |
Corporate and other debt securities | 10,980 | 12,491 |
Net carrying amount | 11,424 | 12,491 |
Total financial assets at fair value through other comprehensive income | 11,424 | 12,491 |
Total level 3 assets carried at fair value, excluding derivatives (recurring basis) £m | Level 3 £m | ||
Debt securities: | ||
Total financial assets carried at fair value, excluding derivatives | 347 | 455 |
Total level 3 assets carried at fair value, excluding derivatives (recurring basis) £m | Level 3 £m | Financial assets at fair value through profit or loss | ||
Financial assets at fair value through profit or loss | ||
Loans and advances to customers | 291 | 395 |
Equity shares | 4 | 4 |
Total financial assets at fair value through profit or loss | 295 | 399 |
Total level 3 assets carried at fair value, excluding derivatives (recurring basis) £m | Level 3 £m | Financial assets at fair value through other comprehensive income | ||
Financial assets at fair value through profit or loss | ||
Equity shares | 1 | 1 |
Debt securities: | ||
Government securities | 0 | 0 |
Asset-backed securities | 51 | 55 |
Corporate and other debt securities | 0 | 0 |
Net carrying amount | 51 | 55 |
Total financial assets at fair value through other comprehensive income | £ 52 | £ 56 |
FINANCIAL INSTRUMENTS - Sched_3
FINANCIAL INSTRUMENTS - Schedule of Movements in Level 3 Portfolio (Details) - GBP (£) £ in Millions | 12 Months Ended | |
Dec. 31, 2022 | Dec. 31, 2021 | |
FINANCIAL INSTRUMENTS (Details) - Schedule of Movements in Level 3 Portfolio [Line Items] | ||
At 1 January | £ 579,837 | |
Losses recognised in other comprehensive income within the revaluation reserve in respect of financial assets at fair value through other comprehensive income | 9 | £ 3 |
At 31 December | 591,704 | 579,837 |
Level 3 £m | ||
FINANCIAL INSTRUMENTS (Details) - Schedule of Movements in Level 3 Portfolio [Line Items] | ||
Losses recognised in the income statement within other income | (3) | (5) |
Losses recognised in the income statement, within other income, relating to the change in fair value of those assets held at 31 December | (3) | (4) |
Level 3 £m | Financial assets at fair value through profit or loss | ||
FINANCIAL INSTRUMENTS (Details) - Schedule of Movements in Level 3 Portfolio [Line Items] | ||
At 1 January | 399 | 1,511 |
Exchange and other adjustments | 0 | 2 |
Losses recognised in the income statement within other income | (20) | (72) |
Purchases/increases to customer loans | 3 | 397 |
Sales/repayments of customer loans | (87) | (794) |
Transfers into the level 3 portfolio | 0 | 4 |
Transfers out of the level 3 portfolio | 0 | (649) |
At 31 December | 295 | 399 |
Losses recognised in the income statement, within other income, relating to the change in fair value of those assets held at 31 December | (19) | (60) |
Level 3 £m | Financial assets at fair value through other comprehensive income | ||
FINANCIAL INSTRUMENTS (Details) - Schedule of Movements in Level 3 Portfolio [Line Items] | ||
At 1 January | 56 | 65 |
Exchange and other adjustments | 3 | (2) |
Losses recognised in the income statement within other income | (3) | |
Losses recognised in other comprehensive income within the revaluation reserve in respect of financial assets at fair value through other comprehensive income | 0 | (2) |
Purchases/increases to customer loans | 0 | 0 |
Sales/repayments of customer loans | (4) | (5) |
Transfers into the level 3 portfolio | 0 | 0 |
Transfers out of the level 3 portfolio | 0 | 0 |
At 31 December | 52 | 56 |
Level 3 £m | Total level 3 assets carried at fair value, excluding derivatives (recurring basis) £m | ||
FINANCIAL INSTRUMENTS (Details) - Schedule of Movements in Level 3 Portfolio [Line Items] | ||
At 1 January | 455 | 1,576 |
Exchange and other adjustments | 3 | 0 |
Losses recognised in the income statement within other income | (23) | (72) |
Losses recognised in other comprehensive income within the revaluation reserve in respect of financial assets at fair value through other comprehensive income | 0 | (2) |
Purchases/increases to customer loans | 3 | 397 |
Sales/repayments of customer loans | (91) | (799) |
Transfers into the level 3 portfolio | 0 | 4 |
Transfers out of the level 3 portfolio | 0 | (649) |
At 31 December | 347 | 455 |
Losses recognised in the income statement, within other income, relating to the change in fair value of those assets held at 31 December | £ (19) | £ (60) |
FINANCIAL INSTRUMENTS - Sched_4
FINANCIAL INSTRUMENTS - Schedule of Financial Liabilities Excluding Derivatives (Details) - GBP (£) £ in Millions | Dec. 31, 2022 | Dec. 31, 2021 |
FINANCIAL INSTRUMENTS (Details) - Schedule of Financial Liabilities Excluding Derivatives [Line Items] | ||
Debt securities in issue designated at fair value through profit or loss | £ 5,159 | £ 6,537 |
Financial liabilities at fair value through profit or loss | 5,159 | 6,537 |
Level 1 £m | ||
FINANCIAL INSTRUMENTS (Details) - Schedule of Financial Liabilities Excluding Derivatives [Line Items] | ||
Debt securities in issue designated at fair value through profit or loss | 0 | 0 |
Financial liabilities at fair value through profit or loss | 0 | 0 |
Level 2 £m | ||
FINANCIAL INSTRUMENTS (Details) - Schedule of Financial Liabilities Excluding Derivatives [Line Items] | ||
Debt securities in issue designated at fair value through profit or loss | 5,133 | 6,504 |
Financial liabilities at fair value through profit or loss | 5,133 | 6,504 |
Level 3 £m | ||
FINANCIAL INSTRUMENTS (Details) - Schedule of Financial Liabilities Excluding Derivatives [Line Items] | ||
Debt securities in issue designated at fair value through profit or loss | 26 | 33 |
Financial liabilities at fair value through profit or loss | £ 26 | £ 33 |
FINANCIAL INSTRUMENTS - Sched_5
FINANCIAL INSTRUMENTS - Schedule of Movements in Level 3 Financial Liabilities Excluding Derivatives (Details) - GBP (£) £ in Millions | 12 Months Ended | |
Dec. 31, 2022 | Dec. 31, 2021 | |
FINANCIAL INSTRUMENTS (Details) - Schedule of Movements in Level 3 Financial Liabilities Excluding Derivatives [Line Items] | ||
At 1 January | £ 555,934 | |
At 31 December | 571,555 | £ 555,934 |
Level 3 £m | ||
FINANCIAL INSTRUMENTS (Details) - Schedule of Movements in Level 3 Financial Liabilities Excluding Derivatives [Line Items] | ||
At 1 January | 33 | 45 |
Gains recognised in the income statement within other income | (3) | (5) |
Redemptions | (4) | (7) |
At 31 December | 26 | 33 |
Gains recognised in the income statement, within other income, relating to the change in fair value of those liabilities held at 31 December | £ (3) | £ (4) |
FINANCIAL INSTRUMENTS - Sched_6
FINANCIAL INSTRUMENTS - Schedule of Derivatives (Details) - GBP (£) £ in Millions | Dec. 31, 2022 | Dec. 31, 2021 |
FINANCIAL INSTRUMENTS (Details) - Schedule of Derivatives [Line Items] | ||
Derivative assets | £ 3,857 | £ 5,511 |
Derivative liabilities | (5,891) | (4,643) |
Level 1 £m | ||
FINANCIAL INSTRUMENTS (Details) - Schedule of Derivatives [Line Items] | ||
Derivative assets | 0 | 0 |
Derivative liabilities | 0 | 0 |
Level 2 £m | ||
FINANCIAL INSTRUMENTS (Details) - Schedule of Derivatives [Line Items] | ||
Derivative assets | 3,857 | 5,495 |
Derivative liabilities | (5,728) | (4,436) |
Level 3 £m | ||
FINANCIAL INSTRUMENTS (Details) - Schedule of Derivatives [Line Items] | ||
Derivative assets | 0 | 16 |
Derivative liabilities | £ (163) | £ (207) |
FINANCIAL INSTRUMENTS - Sched_7
FINANCIAL INSTRUMENTS - Schedule of Level 3 Derivative Assets and Liabilities (Details) - GBP (£) £ in Millions | 12 Months Ended | |
Dec. 31, 2022 | Dec. 31, 2021 | |
FINANCIAL INSTRUMENTS (Details) - Schedule of Level 3 Derivative Assets and Liabilities [Line Items] | ||
At 1 January, derivative assets | £ 5,511 | |
At 1 January, derivative liabilities | (4,643) | |
At 31 December, derivative assets | 3,857 | £ 5,511 |
At 31 December, derivative liabilities | (5,891) | (4,643) |
Level 3 £m | ||
FINANCIAL INSTRUMENTS (Details) - Schedule of Level 3 Derivative Assets and Liabilities [Line Items] | ||
Gains recognised in the income statement within other income | 3 | 5 |
Level 3 £m | Derivative assets £m | ||
FINANCIAL INSTRUMENTS (Details) - Schedule of Level 3 Derivative Assets and Liabilities [Line Items] | ||
At 1 January, derivative assets | 16 | 14 |
Gains recognised in the income statement within other income | 1 | 2 |
Purchases (additions) | 0 | 0 |
(Sales) redemptions | 0 | 0 |
Transfers out of the level 3 portfolio | 17 | 0 |
At 31 December, derivative assets | 0 | 16 |
Level 3 £m | Derivative assets £m | Change in fair value of assets or liabilities | ||
FINANCIAL INSTRUMENTS (Details) - Schedule of Level 3 Derivative Assets and Liabilities [Line Items] | ||
Gains recognised in the income statement within other income | 0 | (2) |
Level 3 £m | Derivative liabilities £m | ||
FINANCIAL INSTRUMENTS (Details) - Schedule of Level 3 Derivative Assets and Liabilities [Line Items] | ||
At 1 January, derivative liabilities | (207) | (319) |
Gains recognised in the income statement within other income | 27 | 93 |
Purchases (additions) | (9) | 0 |
(Sales) redemptions | 25 | 19 |
Transfers out of the level 3 portfolio | (1) | 0 |
At 31 December, derivative liabilities | (163) | (207) |
Level 3 £m | Derivative liabilities £m | Change in fair value of assets or liabilities | ||
FINANCIAL INSTRUMENTS (Details) - Schedule of Level 3 Derivative Assets and Liabilities [Line Items] | ||
Gains recognised in the income statement within other income | £ 26 | £ 69 |
FINANCIAL INSTRUMENTS - Sched_8
FINANCIAL INSTRUMENTS - Schedule of Valuation Adjustment Movements (Details) - GBP (£) £ in Millions | 12 Months Ended | |
Dec. 31, 2022 | Dec. 31, 2021 | |
Disclosure of detailed information about financial instruments [abstract] | ||
At 1 January | £ 154 | £ 242 |
Income statement credit | (104) | (88) |
At 31 December | £ 50 | £ 154 |
FINANCIAL INSTRUMENTS - Sched_9
FINANCIAL INSTRUMENTS - Schedule of Valuation Adjustments (Details) - GBP (£) £ in Millions | Dec. 31, 2022 | Dec. 31, 2021 | Dec. 31, 2020 |
FINANCIAL INSTRUMENTS (Details) - Schedule of Valuation Adjustments [Line Items] | |||
Valuation Adjustment | £ 50 | £ 154 | £ 242 |
Credit Valuation Adjustment | |||
FINANCIAL INSTRUMENTS (Details) - Schedule of Valuation Adjustments [Line Items] | |||
Valuation Adjustment | 48 | 112 | |
Debit Valuation Adjustment | |||
FINANCIAL INSTRUMENTS (Details) - Schedule of Valuation Adjustments [Line Items] | |||
Valuation Adjustment | (8) | (4) | |
Funding Valuation Adjustment | |||
FINANCIAL INSTRUMENTS (Details) - Schedule of Valuation Adjustments [Line Items] | |||
Valuation Adjustment | £ 10 | £ 46 |
FINANCIAL INSTRUMENTS - Sche_10
FINANCIAL INSTRUMENTS - Schedule of Sensitivity of Level 3 Valuations (Details) £ in Millions | Dec. 31, 2022 GBP (£) | Dec. 31, 2021 GBP (£) |
FINANCIAL INSTRUMENTS (Details) - Schedule of Sensitivity of Level 3 Valuations [Line Items] | ||
Loans and advances to customers | £ 435,627 | £ 430,829 |
Financial assets at fair value through profit or loss | 1,371 | 1,798 |
Financial assets at fair value through other comprehensive income | 22,846 | 27,786 |
Level 3 financial assets carried at fair value | 28,074 | 35,095 |
Financial liabilities at fair value through profit or loss | 5,159 | 6,537 |
Level 3 financial liabilities carried at fair value | 11,050 | 11,180 |
Level 3 £m | ||
FINANCIAL INSTRUMENTS (Details) - Schedule of Sensitivity of Level 3 Valuations [Line Items] | ||
Financial liabilities at fair value through profit or loss | 26 | 33 |
Favourable changes £m | Financial liabilities at fair value through profit or loss, category | ||
FINANCIAL INSTRUMENTS (Details) - Schedule of Sensitivity of Level 3 Valuations [Line Items] | ||
Financial liabilities at fair value through profit or loss | 1 | 1 |
Unfavourable changes £m | Financial liabilities at fair value through profit or loss, category | ||
FINANCIAL INSTRUMENTS (Details) - Schedule of Sensitivity of Level 3 Valuations [Line Items] | ||
Financial liabilities at fair value through profit or loss | (1) | (1) |
Carrying value £m | Financial liabilities at fair value through profit or loss, category | ||
FINANCIAL INSTRUMENTS (Details) - Schedule of Sensitivity of Level 3 Valuations [Line Items] | ||
Financial liabilities at fair value through profit or loss | 26 | 33 |
Carrying value £m | Derivative liabilities £m | ||
FINANCIAL INSTRUMENTS (Details) - Schedule of Sensitivity of Level 3 Valuations [Line Items] | ||
Interest rate derivatives | 163 | 207 |
Carrying value £m | Level 3 £m | Financial liabilities at fair value through profit or loss, category | ||
FINANCIAL INSTRUMENTS (Details) - Schedule of Sensitivity of Level 3 Valuations [Line Items] | ||
Level 3 financial liabilities carried at fair value | 189 | 240 |
Carrying value £m | Financial assets at fair value, class [member] | Level 3 £m | ||
FINANCIAL INSTRUMENTS (Details) - Schedule of Sensitivity of Level 3 Valuations [Line Items] | ||
Level 3 financial assets carried at fair value | 347 | 471 |
Financial assets at fair value through profit or loss | ||
FINANCIAL INSTRUMENTS (Details) - Schedule of Sensitivity of Level 3 Valuations [Line Items] | ||
Loans and advances to customers | 1,132 | 1,559 |
Financial assets at fair value through profit or loss | Carrying value £m | ||
FINANCIAL INSTRUMENTS (Details) - Schedule of Sensitivity of Level 3 Valuations [Line Items] | ||
Loans and advances to customers | 291 | 395 |
Equity investments | 4 | 4 |
Financial assets at fair value through profit or loss | 295 | 399 |
Financial assets at fair value through profit or loss | Carrying value £m | Favourable changes £m | ||
FINANCIAL INSTRUMENTS (Details) - Schedule of Sensitivity of Level 3 Valuations [Line Items] | ||
Loans and advances to customers | 25 | 32 |
Equity investments | 2 | 2 |
Financial assets at fair value through profit or loss | Carrying value £m | Unfavourable changes £m | ||
FINANCIAL INSTRUMENTS (Details) - Schedule of Sensitivity of Level 3 Valuations [Line Items] | ||
Loans and advances to customers | (23) | (30) |
Equity investments | (2) | (2) |
Financial assets available-for-sale, category | Favourable changes £m | Lead manager or broker quote/consensus pricing | Broker Quotes | Lead Manager | ||
FINANCIAL INSTRUMENTS (Details) - Schedule of Sensitivity of Level 3 Valuations [Line Items] | ||
Asset-backed debt instruments held | 4 | 4 |
Financial assets available-for-sale, category | Unfavourable changes £m | Lead manager or broker quote/consensus pricing | Broker Quotes | Lead Manager | ||
FINANCIAL INSTRUMENTS (Details) - Schedule of Sensitivity of Level 3 Valuations [Line Items] | ||
Asset-backed debt instruments held | (4) | (4) |
Financial assets available-for-sale, category | Carrying value £m | Lead manager or broker quote/consensus pricing | Broker Quotes | Lead Manager | ||
FINANCIAL INSTRUMENTS (Details) - Schedule of Sensitivity of Level 3 Valuations [Line Items] | ||
Asset-backed debt instruments held | 51 | 55 |
Financial assets at fair value through other comprehensive income | ||
FINANCIAL INSTRUMENTS (Details) - Schedule of Sensitivity of Level 3 Valuations [Line Items] | ||
Asset-backed debt instruments held | 138 | 55 |
Financial assets at fair value through other comprehensive income | 22,846 | 27,786 |
Financial assets at fair value through other comprehensive income | Favourable changes £m | ||
FINANCIAL INSTRUMENTS (Details) - Schedule of Sensitivity of Level 3 Valuations [Line Items] | ||
Equity investments | 0 | 0 |
Financial assets at fair value through other comprehensive income | Unfavourable changes £m | ||
FINANCIAL INSTRUMENTS (Details) - Schedule of Sensitivity of Level 3 Valuations [Line Items] | ||
Equity investments | 0 | 0 |
Financial assets at fair value through other comprehensive income | Carrying value £m | ||
FINANCIAL INSTRUMENTS (Details) - Schedule of Sensitivity of Level 3 Valuations [Line Items] | ||
Equity investments | 1 | 1 |
Financial assets at fair value through other comprehensive income | £ 52 | £ 56 |
Interest rate spreads | Maximum | Financial liabilities at fair value through profit or loss, category | ||
FINANCIAL INSTRUMENTS (Details) - Schedule of Sensitivity of Level 3 Valuations [Line Items] | ||
Significant unobservable input, liabilities | 0.0050 | 0.0050 |
Interest rate spreads | Minimum | Financial liabilities at fair value through profit or loss, category | ||
FINANCIAL INSTRUMENTS (Details) - Schedule of Sensitivity of Level 3 Valuations [Line Items] | ||
Significant unobservable input, liabilities | (0.0050) | (0.0050) |
Interest rate spreads | Financial assets at fair value through profit or loss | Maximum | ||
FINANCIAL INSTRUMENTS (Details) - Schedule of Sensitivity of Level 3 Valuations [Line Items] | ||
Significant unobservable input, assets | 0.0050 | 0.0050 |
Interest rate volatility | Favourable changes £m | Option pricing model | Derivative liabilities £m | ||
FINANCIAL INSTRUMENTS (Details) - Schedule of Sensitivity of Level 3 Valuations [Line Items] | ||
Interest rate derivatives | £ 0 | £ 0 |
Interest rate volatility | Unfavourable changes £m | Option pricing model | Derivative liabilities £m | ||
FINANCIAL INSTRUMENTS (Details) - Schedule of Sensitivity of Level 3 Valuations [Line Items] | ||
Interest rate derivatives | 0 | 0 |
Interest rate volatility | Carrying value £m | Option pricing model | Derivative liabilities £m | ||
FINANCIAL INSTRUMENTS (Details) - Schedule of Sensitivity of Level 3 Valuations [Line Items] | ||
Interest rate derivatives | £ 13 | £ 31 |
Interest rate volatility | Maximum | Derivative liabilities £m | ||
FINANCIAL INSTRUMENTS (Details) - Schedule of Sensitivity of Level 3 Valuations [Line Items] | ||
Significant unobservable input, liabilities | 1.05 | 1.68 |
Interest rate volatility | Minimum | Derivative liabilities £m | ||
FINANCIAL INSTRUMENTS (Details) - Schedule of Sensitivity of Level 3 Valuations [Line Items] | ||
Significant unobservable input, liabilities | 0.17 | 0.13 |
Interest rate volatility | Derivative assets £m | Favourable changes £m | Option pricing model | ||
FINANCIAL INSTRUMENTS (Details) - Schedule of Sensitivity of Level 3 Valuations [Line Items] | ||
Interest rate derivatives | £ 0 | £ 0 |
Interest rate volatility | Derivative assets £m | Unfavourable changes £m | Option pricing model | ||
FINANCIAL INSTRUMENTS (Details) - Schedule of Sensitivity of Level 3 Valuations [Line Items] | ||
Interest rate derivatives | 0 | 0 |
Interest rate volatility | Derivative assets £m | Carrying value £m | Option pricing model | ||
FINANCIAL INSTRUMENTS (Details) - Schedule of Sensitivity of Level 3 Valuations [Line Items] | ||
Interest rate derivatives | 0 | £ 16 |
Interest rate volatility | Derivative assets £m | Maximum | ||
FINANCIAL INSTRUMENTS (Details) - Schedule of Sensitivity of Level 3 Valuations [Line Items] | ||
Significant unobservable input, liabilities | 0.59 | |
Interest rate volatility | Derivative assets £m | Minimum | ||
FINANCIAL INSTRUMENTS (Details) - Schedule of Sensitivity of Level 3 Valuations [Line Items] | ||
Significant unobservable input, liabilities | 0.31 | |
Housing Price Index | Favourable changes £m | Market values – property valuation | Derivative liabilities £m | ||
FINANCIAL INSTRUMENTS (Details) - Schedule of Sensitivity of Level 3 Valuations [Line Items] | ||
Interest rate derivatives | 16 | £ 19 |
Housing Price Index | Unfavourable changes £m | Market values – property valuation | Derivative liabilities £m | ||
FINANCIAL INSTRUMENTS (Details) - Schedule of Sensitivity of Level 3 Valuations [Line Items] | ||
Interest rate derivatives | (16) | (18) |
Housing Price Index | Carrying value £m | Market values – property valuation | Derivative liabilities £m | ||
FINANCIAL INSTRUMENTS (Details) - Schedule of Sensitivity of Level 3 Valuations [Line Items] | ||
Interest rate derivatives | £ 150 | £ 176 |
Housing Price Index | Maximum | Derivative liabilities £m | ||
FINANCIAL INSTRUMENTS (Details) - Schedule of Sensitivity of Level 3 Valuations [Line Items] | ||
Significant unobservable input, liabilities | 0.01 | 0.01 |
Housing Price Index | Minimum | Derivative liabilities £m | ||
FINANCIAL INSTRUMENTS (Details) - Schedule of Sensitivity of Level 3 Valuations [Line Items] | ||
Significant unobservable input, liabilities | (0.01) |
FINANCIAL INSTRUMENTS - Sche_11
FINANCIAL INSTRUMENTS - Schedule of Valuation Hierarchy for Financial Assets (Details) - GBP (£) £ in Millions | Dec. 31, 2022 | Dec. 31, 2021 | Dec. 31, 2020 |
FINANCIAL INSTRUMENTS (Details) - Schedule of Valuation Hierarchy for Financial Assets [Line Items] | |||
Loans and advances to banks | £ 11,913 | £ 7,474 | £ 5,950 |
Loans and advances to customers | 435,627 | 430,829 | |
Repurchase agreements at amortised cost | 48,590 | 30,106 | |
Debt securities | 7,331 | 4,562 | |
Financial assets at amortised cost: due from fellow Lloyds Banking Group undertakings | 816 | 739 | |
Total financial assets at amortised cost | 491,396 | 490,316 | |
Level 1 £m | |||
FINANCIAL INSTRUMENTS (Details) - Schedule of Valuation Hierarchy for Financial Assets [Line Items] | |||
Loans and advances to banks | 0 | 0 | |
Loans and advances to customers | 0 | 0 | |
Repurchase agreements at amortised cost | 0 | 0 | |
Debt securities | 167 | 0 | |
Financial assets at amortised cost: due from fellow Lloyds Banking Group undertakings | 0 | 0 | |
Total financial assets at amortised cost | 167 | 0 | |
Level 2 £m | |||
FINANCIAL INSTRUMENTS (Details) - Schedule of Valuation Hierarchy for Financial Assets [Line Items] | |||
Loans and advances to banks | 0 | 0 | |
Loans and advances to customers | 0 | 0 | |
Repurchase agreements at amortised cost | 39,259 | 49,708 | |
Debt securities | 7,167 | 4,615 | |
Financial assets at amortised cost: due from fellow Lloyds Banking Group undertakings | 0 | 0 | |
Total financial assets at amortised cost | 46,426 | 54,323 | |
Level 3 £m | |||
FINANCIAL INSTRUMENTS (Details) - Schedule of Valuation Hierarchy for Financial Assets [Line Items] | |||
Loans and advances to banks | 8,363 | 4,478 | |
Loans and advances to customers | 430,980 | 434,280 | |
Repurchase agreements at amortised cost | 0 | 0 | |
Debt securities | 0 | 0 | |
Financial assets at amortised cost: due from fellow Lloyds Banking Group undertakings | 816 | 739 | |
Total financial assets at amortised cost | 440,159 | 439,497 | |
Carrying value £m | |||
FINANCIAL INSTRUMENTS (Details) - Schedule of Valuation Hierarchy for Financial Assets [Line Items] | |||
Loans and advances to banks | 8,363 | 4,478 | |
Loans and advances to customers | 435,627 | 430,829 | |
Repurchase agreements at amortised cost | 39,259 | 49,708 | |
Debt securities | 7,331 | 4,562 | |
Financial assets at amortised cost: due from fellow Lloyds Banking Group undertakings | 816 | 739 | |
Total financial assets at amortised cost | 491,396 | 490,316 | |
Fair value £m | |||
FINANCIAL INSTRUMENTS (Details) - Schedule of Valuation Hierarchy for Financial Assets [Line Items] | |||
Loans and advances to banks | 8,363 | 4,478 | |
Loans and advances to customers | 430,980 | 434,280 | |
Repurchase agreements at amortised cost | 39,259 | 49,708 | |
Debt securities | 7,334 | 4,615 | |
Financial assets at amortised cost: due from fellow Lloyds Banking Group undertakings | 816 | 739 | |
Total financial assets at amortised cost | £ 486,752 | £ 493,820 |
FINANCIAL INSTRUMENTS - Sche_12
FINANCIAL INSTRUMENTS - Schedule of Valuation Hierarchy for Financial Liabilities (Details) - GBP (£) £ in Millions | Dec. 31, 2022 | Dec. 31, 2021 | Dec. 31, 2020 |
FINANCIAL INSTRUMENTS (Details) - Schedule of Valuation Hierarchy for Financial Liabilities [Line Items] | |||
Deposits from banks | £ 4,658 | £ 3,363 | |
Customer deposits | 446,172 | 449,373 | |
Reverse repurchase agreements | 39,259 | 49,708 | |
Due to fellow Lloyds Banking Group undertakings | 2,539 | 1,490 | |
Debt securities in issue | 49,056 | 48,724 | |
Subordinated liabilities | 6,593 | 8,658 | £ 9,242 |
Repurchase agreements at amortised cost | 48,590 | 30,106 | |
Level 1 £m | |||
FINANCIAL INSTRUMENTS (Details) - Schedule of Valuation Hierarchy for Financial Liabilities [Line Items] | |||
Deposits from banks | 0 | 0 | |
Customer deposits | 0 | 0 | |
Reverse repurchase agreements | 0 | 0 | |
Due to fellow Lloyds Banking Group undertakings | 0 | 0 | |
Debt securities in issue | 0 | 0 | |
Subordinated liabilities | 0 | 0 | |
Repurchase agreements at amortised cost | 0 | 0 | |
Level 2 £m | |||
FINANCIAL INSTRUMENTS (Details) - Schedule of Valuation Hierarchy for Financial Liabilities [Line Items] | |||
Deposits from banks | 4,660 | 3,364 | |
Customer deposits | 445,916 | 449,455 | |
Reverse repurchase agreements | 48,590 | 30,106 | |
Due to fellow Lloyds Banking Group undertakings | 2,539 | 1,490 | |
Debt securities in issue | 48,818 | 50,683 | |
Subordinated liabilities | 6,760 | 9,363 | |
Repurchase agreements at amortised cost | 39,259 | 49,708 | |
Level 3 £m | |||
FINANCIAL INSTRUMENTS (Details) - Schedule of Valuation Hierarchy for Financial Liabilities [Line Items] | |||
Deposits from banks | 0 | 0 | |
Customer deposits | 0 | 0 | |
Reverse repurchase agreements | 0 | 0 | |
Due to fellow Lloyds Banking Group undertakings | 0 | 0 | |
Debt securities in issue | 0 | 0 | |
Subordinated liabilities | 0 | 0 | |
Repurchase agreements at amortised cost | 0 | 0 | |
Carrying value £m | |||
FINANCIAL INSTRUMENTS (Details) - Schedule of Valuation Hierarchy for Financial Liabilities [Line Items] | |||
Deposits from banks | 4,658 | 3,363 | |
Customer deposits | 446,172 | 449,373 | |
Reverse repurchase agreements | 48,590 | 30,106 | |
Due to fellow Lloyds Banking Group undertakings | 2,539 | 1,490 | |
Debt securities in issue | 49,056 | 48,724 | |
Subordinated liabilities | 6,593 | 8,658 | |
Repurchase agreements at amortised cost | 39,259 | 49,708 | |
Fair value £m | |||
FINANCIAL INSTRUMENTS (Details) - Schedule of Valuation Hierarchy for Financial Liabilities [Line Items] | |||
Deposits from banks | 4,660 | 3,364 | |
Customer deposits | 445,916 | 449,455 | |
Reverse repurchase agreements | 48,590 | 30,106 | |
Due to fellow Lloyds Banking Group undertakings | 2,539 | 1,490 | |
Debt securities in issue | 48,818 | 50,683 | |
Subordinated liabilities | 6,760 | 9,363 | |
Repurchase agreements at amortised cost | £ 39,259 | £ 49,708 |
TRANSFERS OF FINANCIAL ASSETS -
TRANSFERS OF FINANCIAL ASSETS - Schedule of Transferred Assets and Liabilities (Details) - GBP (£) £ in Millions | Dec. 31, 2022 | Dec. 31, 2021 |
Repurchase and securities lending transactions | ||
Financial assets at fair value through other comprehensive income | £ 22,846 | £ 27,786 |
Financial assets at amortised cost: | ||
Loans and advances to customers | 435,627 | 430,829 |
Notes in circulation | 1,280 | 1,321 |
Externally held £m | ||
Financial assets at amortised cost: | ||
Notes in circulation | 17,046 | 21,112 |
Securitisation programmes | Externally held £m | ||
Financial assets at amortised cost: | ||
Notes in circulation | 2,806 | 3,705 |
Securitisation programmes | Externally held £m | Less Held By The Group | ||
Financial assets at amortised cost: | ||
Notes in circulation | 21,887 | 23,521 |
Carrying value of transferred assets £m | Repurchase and securities lending transactions | ||
Repurchase and securities lending transactions | ||
Financial assets at fair value through other comprehensive income | 11,801 | 7,706 |
Carrying value of transferred assets £m | Securitisation programmes | ||
Financial assets at amortised cost: | ||
Loans and advances to customers | 28,981 | 30,965 |
Carrying value of associated liabilities £m | Repurchase and securities lending transactions | ||
Repurchase and securities lending transactions | ||
Financial assets at fair value through other comprehensive income | 6,571 | 5,039 |
Carrying value of associated liabilities £m | Securitisation programmes | ||
Financial assets at amortised cost: | ||
Loans and advances to customers | £ 2,806 | £ 3,705 |
OFFSETTING OF FINANCIAL ASSET_3
OFFSETTING OF FINANCIAL ASSETS AND LIABILITIES - Schedule of Offsetting of Financial Assets and Liabilities (Details) - GBP (£) £ in Millions | Dec. 31, 2022 | Dec. 31, 2021 |
Financial assets | ||
Financial assets at fair value through profit or loss | £ 1,371 | £ 1,798 |
Derivative financial instruments | 3,857 | 5,511 |
Loans and advances to banks | 8,363 | 4,478 |
Loans and advances to customers | 435,627 | 430,829 |
Reverse repurchase agreements | 39,259 | 49,708 |
Debt securities | 7,331 | 4,562 |
Total financial assets at amortised cost | (491,396) | (490,316) |
Financial assets at fair value through other comprehensive income | 22,846 | 27,786 |
Financial liabilities | ||
Deposits from banks | 4,658 | 3,363 |
Customer deposits | 446,172 | 449,373 |
Repurchase agreements at amortised cost | (48,590) | (30,106) |
Financial liabilities at fair value through profit or loss | 5,159 | 6,537 |
Derivative financial instruments | 5,891 | 4,643 |
Financial assets at fair value through profit or loss | ||
Financial assets | ||
Loans and advances to customers | 1,132 | 1,559 |
Gross assets and liabilities | ||
Financial assets | ||
Total financial assets at amortised cost | (504,345) | (500,679) |
Financial assets at fair value through other comprehensive income | 22,846 | 27,786 |
Gross assets and liabilities | Financial liabilities at fair value through profit or loss, category | ||
Financial liabilities | ||
Financial liabilities at fair value through profit or loss | 5,159 | 6,537 |
Gross assets and liabilities | Deposits from banks | ||
Financial liabilities | ||
Deposits from banks | 4,658 | 3,363 |
Gross assets and liabilities | Customer deposits | ||
Financial liabilities | ||
Customer deposits | 447,096 | 450,538 |
Gross assets and liabilities | Repurchase agreements at amortised cost | ||
Financial liabilities | ||
Repurchase agreements at amortised cost | (59,025) | (40,043) |
Gross assets and liabilities | Derivative liabilities £m | ||
Financial liabilities | ||
Derivative financial instruments | 59,981 | 32,797 |
Gross assets and liabilities | Financial assets at fair value through profit or loss | ||
Financial assets | ||
Financial assets at fair value through profit or loss | 1,371 | 1,798 |
Gross assets and liabilities | Derivative assets £m | ||
Financial assets | ||
Derivative financial instruments | 55,541 | 33,665 |
Gross assets and liabilities | Loans and advances to banks | ||
Financial assets | ||
Loans and advances to banks | 8,363 | 4,478 |
Gross assets and liabilities | Loans and advances to customers | ||
Financial assets | ||
Loans and advances to customers | 438,957 | 431,994 |
Gross assets and liabilities | Reverse repurchase agreements | ||
Financial assets | ||
Reverse repurchase agreements | 49,694 | 59,645 |
Gross assets and liabilities | Debt securities | ||
Financial assets | ||
Debt securities | 7,331 | 4,562 |
Amount offset in the Balance Sheet | ||
Financial assets | ||
Total financial assets at amortised cost | (13,765) | (11,102) |
Financial assets at fair value through other comprehensive income | 0 | 0 |
Amount offset in the Balance Sheet | Financial liabilities at fair value through profit or loss, category | ||
Financial liabilities | ||
Financial liabilities at fair value through profit or loss | 0 | 0 |
Amount offset in the Balance Sheet | Deposits from banks | ||
Financial liabilities | ||
Deposits from banks | 0 | 0 |
Amount offset in the Balance Sheet | Customer deposits | ||
Financial liabilities | ||
Customer deposits | 924 | 1,165 |
Amount offset in the Balance Sheet | Repurchase agreements at amortised cost | ||
Financial liabilities | ||
Repurchase agreements at amortised cost | (10,435) | (9,937) |
Amount offset in the Balance Sheet | Derivative liabilities £m | ||
Financial liabilities | ||
Derivative financial instruments | 54,090 | 28,154 |
Amount offset in the Balance Sheet | Financial assets at fair value through profit or loss | ||
Financial assets | ||
Financial assets at fair value through profit or loss | 0 | 0 |
Amount offset in the Balance Sheet | Derivative assets £m | ||
Financial assets | ||
Derivative financial instruments | 51,684 | 28,154 |
Amount offset in the Balance Sheet | Loans and advances to banks | ||
Financial assets | ||
Loans and advances to banks | 0 | 0 |
Amount offset in the Balance Sheet | Loans and advances to customers | ||
Financial assets | ||
Loans and advances to customers | 3,330 | 1,165 |
Amount offset in the Balance Sheet | Reverse repurchase agreements | ||
Financial assets | ||
Reverse repurchase agreements | 10,435 | 9,937 |
Amount offset in the Balance Sheet | Debt securities | ||
Financial assets | ||
Debt securities | 0 | 0 |
Net amount recognised in the balance sheet | ||
Financial assets | ||
Total financial assets at amortised cost | (490,580) | (489,577) |
Financial assets at fair value through other comprehensive income | 22,846 | 27,786 |
Net amount recognised in the balance sheet | Financial liabilities at fair value through profit or loss, category | ||
Financial liabilities | ||
Financial liabilities at fair value through profit or loss | 5,159 | 6,537 |
Net amount recognised in the balance sheet | Deposits from banks | ||
Financial liabilities | ||
Deposits from banks | 4,658 | 3,363 |
Net amount recognised in the balance sheet | Customer deposits | ||
Financial liabilities | ||
Customer deposits | 446,172 | 449,373 |
Net amount recognised in the balance sheet | Repurchase agreements at amortised cost | ||
Financial liabilities | ||
Repurchase agreements at amortised cost | (48,590) | (30,106) |
Net amount recognised in the balance sheet | Derivative liabilities £m | ||
Financial liabilities | ||
Derivative financial instruments | 5,891 | 4,643 |
Net amount recognised in the balance sheet | Financial assets at fair value through profit or loss | ||
Financial assets | ||
Financial assets at fair value through profit or loss | 1,371 | 1,798 |
Net amount recognised in the balance sheet | Derivative assets £m | ||
Financial assets | ||
Derivative financial instruments | 3,857 | 5,511 |
Net amount recognised in the balance sheet | Loans and advances to banks | ||
Financial assets | ||
Loans and advances to banks | 8,363 | 4,478 |
Net amount recognised in the balance sheet | Loans and advances to customers | ||
Financial assets | ||
Loans and advances to customers | 435,627 | 430,829 |
Net amount recognised in the balance sheet | Reverse repurchase agreements | ||
Financial assets | ||
Reverse repurchase agreements | 39,259 | 49,708 |
Net amount recognised in the balance sheet | Debt securities | ||
Financial assets | ||
Debt securities | 7,331 | 4,562 |
Cash collateral received/ pledged £m | ||
Financial assets | ||
Total financial assets at amortised cost | (1,455) | (452) |
Financial assets at fair value through other comprehensive income | 0 | 0 |
Cash collateral received/ pledged £m | Financial liabilities at fair value through profit or loss, category | ||
Financial liabilities | ||
Financial liabilities at fair value through profit or loss | 0 | 0 |
Cash collateral received/ pledged £m | Deposits from banks | ||
Financial liabilities | ||
Deposits from banks | 626 | 1,404 |
Cash collateral received/ pledged £m | Customer deposits | ||
Financial liabilities | ||
Customer deposits | 141 | 217 |
Cash collateral received/ pledged £m | Repurchase agreements at amortised cost | ||
Financial liabilities | ||
Repurchase agreements at amortised cost | 0 | 0 |
Cash collateral received/ pledged £m | Derivative liabilities £m | ||
Financial liabilities | ||
Derivative financial instruments | 1,455 | 452 |
Cash collateral received/ pledged £m | Financial assets at fair value through profit or loss | ||
Financial assets | ||
Financial assets at fair value through profit or loss | 0 | 0 |
Cash collateral received/ pledged £m | Derivative assets £m | ||
Financial assets | ||
Derivative financial instruments | 767 | 1,621 |
Cash collateral received/ pledged £m | Loans and advances to banks | ||
Financial assets | ||
Loans and advances to banks | 1,147 | 350 |
Cash collateral received/ pledged £m | Loans and advances to customers | ||
Financial assets | ||
Loans and advances to customers | 308 | 102 |
Cash collateral received/ pledged £m | Reverse repurchase agreements | ||
Financial assets | ||
Reverse repurchase agreements | 0 | 0 |
Cash collateral received/ pledged £m | Debt securities | ||
Financial assets | ||
Debt securities | 0 | 0 |
Non-cash collateral received/ pledged £m | ||
Financial assets | ||
Total financial assets at amortised cost | (41,430) | (51,481) |
Financial assets at fair value through other comprehensive income | 6,393 | 4,981 |
Non-cash collateral received/ pledged £m | Financial liabilities at fair value through profit or loss, category | ||
Financial liabilities | ||
Financial liabilities at fair value through profit or loss | 0 | 0 |
Non-cash collateral received/ pledged £m | Deposits from banks | ||
Financial liabilities | ||
Deposits from banks | 0 | 0 |
Non-cash collateral received/ pledged £m | Customer deposits | ||
Financial liabilities | ||
Customer deposits | 2,171 | 1,506 |
Non-cash collateral received/ pledged £m | Repurchase agreements at amortised cost | ||
Financial liabilities | ||
Repurchase agreements at amortised cost | (48,590) | (30,106) |
Non-cash collateral received/ pledged £m | Derivative liabilities £m | ||
Financial liabilities | ||
Derivative financial instruments | 3,988 | 4,191 |
Non-cash collateral received/ pledged £m | Financial assets at fair value through profit or loss | ||
Financial assets | ||
Financial assets at fair value through profit or loss | 0 | 35 |
Non-cash collateral received/ pledged £m | Derivative assets £m | ||
Financial assets | ||
Derivative financial instruments | 2,983 | 2,733 |
Non-cash collateral received/ pledged £m | Loans and advances to banks | ||
Financial assets | ||
Loans and advances to banks | 0 | 0 |
Non-cash collateral received/ pledged £m | Loans and advances to customers | ||
Financial assets | ||
Loans and advances to customers | 2,171 | 1,506 |
Non-cash collateral received/ pledged £m | Reverse repurchase agreements | ||
Financial assets | ||
Reverse repurchase agreements | 39,259 | 49,708 |
Non-cash collateral received/ pledged £m | Debt securities | ||
Financial assets | ||
Debt securities | 0 | 267 |
Potential net amounts if offset of related amounts permitted £m | ||
Financial assets | ||
Total financial assets at amortised cost | (447,695) | (437,644) |
Financial assets at fair value through other comprehensive income | 16,453 | 22,805 |
Potential net amounts if offset of related amounts permitted £m | Financial liabilities at fair value through profit or loss, category | ||
Financial liabilities | ||
Financial liabilities at fair value through profit or loss | 5,159 | 6,537 |
Potential net amounts if offset of related amounts permitted £m | Deposits from banks | ||
Financial liabilities | ||
Deposits from banks | 4,032 | 1,959 |
Potential net amounts if offset of related amounts permitted £m | Customer deposits | ||
Financial liabilities | ||
Customer deposits | 443,860 | 447,650 |
Potential net amounts if offset of related amounts permitted £m | Repurchase agreements at amortised cost | ||
Financial liabilities | ||
Repurchase agreements at amortised cost | 0 | 0 |
Potential net amounts if offset of related amounts permitted £m | Derivative liabilities £m | ||
Financial liabilities | ||
Derivative financial instruments | 448 | 0 |
Potential net amounts if offset of related amounts permitted £m | Financial assets at fair value through profit or loss | ||
Financial assets | ||
Financial assets at fair value through profit or loss | 1,371 | 1,763 |
Potential net amounts if offset of related amounts permitted £m | Derivative assets £m | ||
Financial assets | ||
Derivative financial instruments | 107 | 1,157 |
Potential net amounts if offset of related amounts permitted £m | Loans and advances to banks | ||
Financial assets | ||
Loans and advances to banks | 7,216 | 4,128 |
Potential net amounts if offset of related amounts permitted £m | Loans and advances to customers | ||
Financial assets | ||
Loans and advances to customers | 433,148 | 429,221 |
Potential net amounts if offset of related amounts permitted £m | Reverse repurchase agreements | ||
Financial assets | ||
Reverse repurchase agreements | 0 | 0 |
Potential net amounts if offset of related amounts permitted £m | Debt securities | ||
Financial assets | ||
Debt securities | £ 7,331 | £ 4,295 |
FINANCIAL RISK MANAGEMENT - Nar
FINANCIAL RISK MANAGEMENT - Narrative, Interest Rate Risk (Details) - GBP (£) £ in Millions | 12 Months Ended | |
Dec. 31, 2022 | Dec. 31, 2021 | |
Narrative, Interest Rate Risk [Line Items] | ||
Contract/ notional amount £m | £ 1,606,979 | £ 1,353,360 |
Interest rate benchmark reform amendments | ||
Narrative, Interest Rate Risk [Line Items] | ||
Derivative notional/contract amount | 6,760 | |
Currency risk | ||
Narrative, Interest Rate Risk [Line Items] | ||
Structural foreign currency exposures | 1,817 | 115 |
Interest rate risk | Interest rate benchmark reform amendments | ||
Narrative, Interest Rate Risk [Line Items] | ||
Derivative notional/contract amount | 113,025 | 147,731 |
Interest rate risk | Interest rate benchmark reform amendments | USD LIBOR £m | ||
Narrative, Interest Rate Risk [Line Items] | ||
Derivative notional/contract amount | 111,209 | 143,460 |
Fair value hedges | Liabilities | ||
Narrative, Interest Rate Risk [Line Items] | ||
Derivative notional/contract amount | 9,094 | |
Fair value hedges | Interest rate risk | ||
Narrative, Interest Rate Risk [Line Items] | ||
Hedging instrument, liabilities | (488) | (266) |
Losses on hedging instrument, fair value hedges | 3,106 | 1,885 |
Gains (losses) on hedged item attributable to hedged risk, fair value hedges | 3,127 | (1,690) |
Cash flow hedges | Interest rate benchmark reform amendments | ||
Narrative, Interest Rate Risk [Line Items] | ||
Derivative notional/contract amount | 884 | 2,001 |
Cash flow hedges | Interest rate risk | ||
Narrative, Interest Rate Risk [Line Items] | ||
Hedging instrument, assets | 0 | 0 |
Hedge ineffectiveness recognised in the income statement | (6) | (58) |
Hedging | ||
Narrative, Interest Rate Risk [Line Items] | ||
Contract/ notional amount £m | 364,414 | 246,271 |
Derivative notional/contract amount | 10,529 | 17,954 |
Hedging | Fair value hedges | ||
Narrative, Interest Rate Risk [Line Items] | ||
Contract/ notional amount £m | 128,188 | 147,758 |
Derivative notional/contract amount | 9,587 | 15,952 |
Hedging | Cash flow hedges | ||
Narrative, Interest Rate Risk [Line Items] | ||
Contract/ notional amount £m | 236,226 | 98,513 |
Derivative notional/contract amount | 942 | 2,002 |
Hedging | Interest rate swaps | Fair value hedges | ||
Narrative, Interest Rate Risk [Line Items] | ||
Contract/ notional amount £m | 128,153 | 147,724 |
Hedging | Interest rate swaps | Cash flow hedges | ||
Narrative, Interest Rate Risk [Line Items] | ||
Contract/ notional amount £m | 235,916 | 97,942 |
Financial assets with LIBOR fixing prior to LIBOR cessation, category | Interest rate risk | Interest rate benchmark reform amendments | USD LIBOR £m | ||
Narrative, Interest Rate Risk [Line Items] | ||
Derivative notional/contract amount | 19,208 | |
Financial assets settled through London Clear House, category | Interest rate risk | Interest rate benchmark reform amendments | USD LIBOR £m | ||
Narrative, Interest Rate Risk [Line Items] | ||
Derivative notional/contract amount | 70,764 | |
Financial assets, excluding fallback-eligible, category | Interest rate risk | Interest rate benchmark reform amendments | USD LIBOR £m | ||
Narrative, Interest Rate Risk [Line Items] | ||
Derivative notional/contract amount | 21,237 | |
Financial assets, fallback-eligible, category | Interest rate risk | Interest rate benchmark reform amendments | USD LIBOR £m | ||
Narrative, Interest Rate Risk [Line Items] | ||
Derivative notional/contract amount | 21,229 | |
Assets [Member] | Fair value hedges | ||
Narrative, Interest Rate Risk [Line Items] | ||
Derivative notional/contract amount | £ 1,864 | £ 3,370 |
FINANCIAL RISK MANAGEMENT - Sch
FINANCIAL RISK MANAGEMENT - Schedule of Financial Instruments by Significant Interest Rate Benchmarks (Details) - GBP (£) £ in Millions | Dec. 31, 2022 | Dec. 31, 2021 | Dec. 31, 2020 |
Non-derivative financial assets | |||
Financial assets at fair value through profit or loss | £ 1,371 | £ 1,798 | |
Loans and advances to banks | 11,913 | 7,474 | £ 5,950 |
Loans and advances to customers | 435,627 | 430,829 | |
Total financial assets at amortised cost | 491,396 | 490,316 | |
Non-derivative financial liabilities | |||
Financial liabilities at fair value through profit or loss | 5,159 | 6,537 | |
Debt securities in issue | 49,056 | 48,724 | |
Interest rate benchmark reform amendments | |||
Derivative notional/contract amount | |||
Derivative notional/contract amount | 6,760 | ||
Interest rate risk | Interest rate benchmark reform amendments | |||
Non-derivative financial assets | |||
Financial assets at fair value through profit or loss | 0 | 303 | |
Total financial assets at amortised cost | 1,499 | 9,220 | |
Non-derivative financial assets | 1,499 | 9,523 | |
Non-derivative financial liabilities | |||
Financial liabilities at fair value through profit or loss | 100 | 103 | |
Debt securities in issue | 1,526 | 3,574 | |
Total non-derivative financial liabilities | 1,626 | 3,677 | |
Derivative notional/contract amount | |||
Derivative notional/contract amount | 113,025 | 147,731 | |
Capital Related Issuances | 3,494 | ||
Interest rate risk | Financial assets at fair value through profit or loss | Interest rate benchmark reform amendments | |||
Non-derivative financial assets | |||
Loans and advances to banks | 67 | 3,252 | |
Loans and advances to customers | 1,432 | 5,968 | |
Interest rate | Interest rate risk | Interest rate benchmark reform amendments | |||
Derivative notional/contract amount | |||
Derivative notional/contract amount | 97,690 | 125,068 | |
Cross currency | Interest rate risk | Interest rate benchmark reform amendments | |||
Derivative notional/contract amount | |||
Derivative notional/contract amount | 15,335 | 22,663 | |
GBP LIBOR £m | Interest rate risk | Interest rate benchmark reform amendments | |||
Non-derivative financial assets | |||
Financial assets at fair value through profit or loss | 0 | 131 | |
Total financial assets at amortised cost | 760 | 3,419 | |
Non-derivative financial assets | 760 | 3,550 | |
Non-derivative financial liabilities | |||
Financial liabilities at fair value through profit or loss | 0 | 0 | |
Debt securities in issue | 0 | 0 | |
Total non-derivative financial liabilities | 0 | 0 | |
Derivative notional/contract amount | |||
Derivative notional/contract amount | 242 | 4,271 | |
GBP LIBOR £m | Interest rate risk | Financial assets at fair value through profit or loss | Interest rate benchmark reform amendments | |||
Non-derivative financial assets | |||
Loans and advances to banks | 0 | 0 | |
Loans and advances to customers | 760 | 3,419 | |
GBP LIBOR £m | Interest rate | Interest rate risk | Interest rate benchmark reform amendments | |||
Derivative notional/contract amount | |||
Derivative notional/contract amount | 242 | 4,271 | |
GBP LIBOR £m | Cross currency | Interest rate risk | Interest rate benchmark reform amendments | |||
Derivative notional/contract amount | |||
Derivative notional/contract amount | 0 | 0 | |
USD LIBOR £m | Interest rate risk | Interest rate benchmark reform amendments | |||
Non-derivative financial assets | |||
Financial assets at fair value through profit or loss | 0 | 172 | |
Total financial assets at amortised cost | 737 | 5,801 | |
Non-derivative financial assets | 737 | 5,973 | |
Non-derivative financial liabilities | |||
Financial liabilities at fair value through profit or loss | 100 | 100 | |
Debt securities in issue | 1,216 | 3,548 | |
Total non-derivative financial liabilities | 1,316 | 3,648 | |
Derivative notional/contract amount | |||
Derivative notional/contract amount | 111,209 | 143,460 | |
USD LIBOR £m | Interest rate risk | Financial assets at fair value through profit or loss | Interest rate benchmark reform amendments | |||
Non-derivative financial assets | |||
Loans and advances to banks | 67 | 3,252 | |
Loans and advances to customers | 670 | 2,549 | |
USD LIBOR £m | Interest rate | Interest rate risk | Interest rate benchmark reform amendments | |||
Derivative notional/contract amount | |||
Derivative notional/contract amount | 96,795 | 120,797 | |
USD LIBOR £m | Cross currency | Interest rate risk | Interest rate benchmark reform amendments | |||
Derivative notional/contract amount | |||
Derivative notional/contract amount | 14,414 | 22,663 | |
Other £m | Interest rate risk | Interest rate benchmark reform amendments | |||
Non-derivative financial assets | |||
Financial assets at fair value through profit or loss | 0 | 0 | |
Total financial assets at amortised cost | 2 | 0 | |
Non-derivative financial assets | 2 | 0 | |
Non-derivative financial liabilities | |||
Financial liabilities at fair value through profit or loss | 0 | 3 | |
Debt securities in issue | 310 | 26 | |
Total non-derivative financial liabilities | 310 | 29 | |
Derivative notional/contract amount | |||
Derivative notional/contract amount | 1,574 | 0 | |
Other £m | Interest rate risk | Financial assets at fair value through profit or loss | Interest rate benchmark reform amendments | |||
Non-derivative financial assets | |||
Loans and advances to banks | 0 | 0 | |
Loans and advances to customers | 2 | 0 | |
Other £m | Interest rate | Interest rate risk | Interest rate benchmark reform amendments | |||
Derivative notional/contract amount | |||
Derivative notional/contract amount | 653 | 0 | |
Other £m | Cross currency | Interest rate risk | Interest rate benchmark reform amendments | |||
Derivative notional/contract amount | |||
Derivative notional/contract amount | £ 921 | £ 0 |
FINANCIAL RISK MANAGEMENT - S_2
FINANCIAL RISK MANAGEMENT - Schedule of Maximum Credit Exposure (Details) - GBP (£) £ in Millions | Dec. 31, 2022 | Dec. 31, 2021 |
FINANCIAL RISK MANAGEMENT (Details) - Schedule of Maximum Credit Exposure [Line Items] | ||
Financial assets at fair value through profit or loss | £ 1,371 | £ 1,798 |
Derivative financial instruments | 3,857 | 5,511 |
Financial assets at amortised cost: | ||
Loans and advances to banks | 8,363 | 4,478 |
Loans and advances to customers | 435,627 | 430,829 |
Reverse repurchase agreements | 39,259 | 49,708 |
Debt securities | 7,331 | 4,562 |
Financial assets at amortised cost | 491,396 | 490,316 |
Maximum exposure £m | ||
FINANCIAL RISK MANAGEMENT (Details) - Schedule of Maximum Credit Exposure [Line Items] | ||
Financial assets at fair value through profit or loss | 1,132 | 1,559 |
Derivative financial instruments | 3,857 | 5,511 |
Financial assets at amortised cost: | ||
Loans and advances to banks | 8,363 | 4,478 |
Loans and advances to customers | 435,627 | 430,829 |
Reverse repurchase agreements | 39,259 | 49,708 |
Debt securities | 7,331 | 4,562 |
Financial assets at amortised cost | 490,580 | 489,577 |
Financial assets at fair value through other comprehensive income2 | 22,845 | 27,785 |
Off-balance sheet items: | ||
Acceptances and endorsements | 58 | 21 |
Other items serving as direct credit substitutes | 781 | 433 |
Performance bonds, including letters of credit, and other transaction-related contingencies | 2,061 | 1,886 |
Irrevocable commitments and guarantees | 57,782 | 55,690 |
Off -balance sheet items | 60,682 | 58,030 |
Maximum exposure to credit risk | 579,096 | 582,462 |
Offset | ||
FINANCIAL RISK MANAGEMENT (Details) - Schedule of Maximum Credit Exposure [Line Items] | ||
Financial assets at fair value through profit or loss | 0 | 0 |
Derivative financial instruments | 1,811 | 2,369 |
Financial assets at amortised cost: | ||
Loans and advances to banks | 0 | 0 |
Loans and advances to customers | 2,171 | 1,506 |
Reverse repurchase agreements | 0 | 0 |
Debt securities | 0 | 0 |
Financial assets at amortised cost | 2,171 | 1,506 |
Financial assets at fair value through other comprehensive income2 | 0 | 0 |
Off-balance sheet items: | ||
Acceptances and endorsements | 0 | 0 |
Other items serving as direct credit substitutes | 0 | 0 |
Performance bonds, including letters of credit, and other transaction-related contingencies | 0 | 0 |
Irrevocable commitments and guarantees | 0 | 0 |
Off -balance sheet items | 0 | 0 |
Maximum exposure to credit risk | 3,982 | 3,875 |
Net exposure £m | ||
FINANCIAL RISK MANAGEMENT (Details) - Schedule of Maximum Credit Exposure [Line Items] | ||
Financial assets at fair value through profit or loss | 1,132 | 1,559 |
Derivative financial instruments | 2,046 | 3,142 |
Financial assets at amortised cost: | ||
Loans and advances to banks | 8,363 | 4,478 |
Loans and advances to customers | 433,456 | 429,323 |
Reverse repurchase agreements | 39,259 | 49,708 |
Debt securities | 7,331 | 4,562 |
Financial assets at amortised cost | 488,409 | 488,071 |
Financial assets at fair value through other comprehensive income2 | 22,845 | 27,785 |
Off-balance sheet items: | ||
Acceptances and endorsements | 58 | 21 |
Other items serving as direct credit substitutes | 781 | 433 |
Performance bonds, including letters of credit, and other transaction-related contingencies | 2,061 | 1,886 |
Irrevocable commitments and guarantees | 57,782 | 55,690 |
Off -balance sheet items | 60,682 | 58,030 |
Maximum exposure to credit risk | £ 575,114 | £ 578,587 |
FINANCIAL RISK MANAGEMENT - Dis
FINANCIAL RISK MANAGEMENT - Disclosure of Concentration of Exposure (Details) - GBP (£) £ in Millions | 12 Months Ended | |
Dec. 31, 2022 | Dec. 31, 2021 | |
FINANCIAL RISK MANAGEMENT (Details) - Schedule of Concentration of Exposure [Line Items] | ||
Loans and advances to customers | £ 435,627 | £ 430,829 |
Before allowance for impairment losses | ||
FINANCIAL RISK MANAGEMENT (Details) - Schedule of Concentration of Exposure [Line Items] | ||
Loans and advances to customers | 440,102 | 434,633 |
Allowance for credit losses | ||
FINANCIAL RISK MANAGEMENT (Details) - Schedule of Concentration of Exposure [Line Items] | ||
Loans and advances to customers | 4,475 | 3,804 |
Agriculture, forestry and fishing | ||
FINANCIAL RISK MANAGEMENT (Details) - Schedule of Concentration of Exposure [Line Items] | ||
Loans and advances to customers | 7,447 | 7,728 |
Energy and water supply | ||
FINANCIAL RISK MANAGEMENT (Details) - Schedule of Concentration of Exposure [Line Items] | ||
Loans and advances to customers | 2,515 | 1,962 |
Manufacturing | ||
FINANCIAL RISK MANAGEMENT (Details) - Schedule of Concentration of Exposure [Line Items] | ||
Loans and advances to customers | 3,311 | 3,505 |
Construction | ||
FINANCIAL RISK MANAGEMENT (Details) - Schedule of Concentration of Exposure [Line Items] | ||
Loans and advances to customers | 4,057 | 4,325 |
Transport, distribution and hotels | ||
FINANCIAL RISK MANAGEMENT (Details) - Schedule of Concentration of Exposure [Line Items] | ||
Loans and advances to customers | 13,062 | 13,367 |
Postal and telecommunications | ||
FINANCIAL RISK MANAGEMENT (Details) - Schedule of Concentration of Exposure [Line Items] | ||
Loans and advances to customers | 2,409 | 1,857 |
Property companies | ||
FINANCIAL RISK MANAGEMENT (Details) - Schedule of Concentration of Exposure [Line Items] | ||
Loans and advances to customers | 20,866 | 23,156 |
Financial, business and other services | ||
FINANCIAL RISK MANAGEMENT (Details) - Schedule of Concentration of Exposure [Line Items] | ||
Loans and advances to customers | 21,281 | 19,137 |
Mortgage offers made | ||
FINANCIAL RISK MANAGEMENT (Details) - Schedule of Concentration of Exposure [Line Items] | ||
Loans and advances to customers | 322,480 | 318,422 |
Other £m | ||
FINANCIAL RISK MANAGEMENT (Details) - Schedule of Concentration of Exposure [Line Items] | ||
Loans and advances to customers | 26,099 | 24,546 |
Lease financing | ||
FINANCIAL RISK MANAGEMENT (Details) - Schedule of Concentration of Exposure [Line Items] | ||
Loans and advances to customers | 625 | 843 |
Hire purchase | ||
FINANCIAL RISK MANAGEMENT (Details) - Schedule of Concentration of Exposure [Line Items] | ||
Loans and advances to customers | £ 15,950 | £ 15,785 |
Loans and advances to customers exposure | ||
FINANCIAL RISK MANAGEMENT (Details) - Schedule of Concentration of Exposure [Line Items] | ||
Percentage of exposure (in percent) | 73% | |
Financial, business and other services exposure | ||
FINANCIAL RISK MANAGEMENT (Details) - Schedule of Concentration of Exposure [Line Items] | ||
Percentage of exposure (in percent) | 5% |
FINANCIAL RISK MANAGEMENT - D_2
FINANCIAL RISK MANAGEMENT - Disclosure of Credit Quality of Assets, Probability of Default (Details) - GBP (£) £ in Millions | 12 Months Ended | |
Dec. 31, 2022 | Dec. 31, 2021 | |
Stage 2 and Stage 3 | ||
FINANCIAL RISK MANAGEMENT (Details) - Schedule of Credit Quality of Assets [Line Items] | ||
Loans and advances to banks and customers | £ 126 | £ 1,540 |
Reverse repurchase agreement | ||
FINANCIAL RISK MANAGEMENT (Details) - Schedule of Credit Quality of Assets [Line Items] | ||
Collateral held permitted to be sold or repledged, at fair value | 0 | |
Partial write off | Stage 3 £m | ||
FINANCIAL RISK MANAGEMENT (Details) - Schedule of Credit Quality of Assets [Line Items] | ||
Loans and advances to banks and customers | 577 | 511 |
Loans and advances to banks and customers, outstanding | 1,360 | 1,279 |
Modified | Stage 1 £m | ||
FINANCIAL RISK MANAGEMENT (Details) - Schedule of Credit Quality of Assets [Line Items] | ||
Loans and advances to banks and customers | £ 5,279 | £ 6,657 |
RMS 1-6 | Retail £m | Bottom of range | ||
FINANCIAL RISK MANAGEMENT (Details) - Schedule of Credit Quality of Assets [Line Items] | ||
Probability of default loans and advances to banks and customers (in percent) | 0% | |
RMS 1-6 | Retail £m | Top of range | ||
FINANCIAL RISK MANAGEMENT (Details) - Schedule of Credit Quality of Assets [Line Items] | ||
Probability of default loans and advances to banks and customers (in percent) | 0.80% | |
RMS 4–6 | Retail £m | Bottom of range | ||
FINANCIAL RISK MANAGEMENT (Details) - Schedule of Credit Quality of Assets [Line Items] | ||
Probability of default loans and advances to banks and customers (in percent) | 0.81% | |
RMS 4–6 | Retail £m | Top of range | ||
FINANCIAL RISK MANAGEMENT (Details) - Schedule of Credit Quality of Assets [Line Items] | ||
Probability of default loans and advances to banks and customers (in percent) | 4.50% | |
RMS 7–9 | Retail £m | Bottom of range | ||
FINANCIAL RISK MANAGEMENT (Details) - Schedule of Credit Quality of Assets [Line Items] | ||
Probability of default loans and advances to banks and customers (in percent) | 4.51% | |
RMS 7–9 | Retail £m | Top of range | ||
FINANCIAL RISK MANAGEMENT (Details) - Schedule of Credit Quality of Assets [Line Items] | ||
Probability of default loans and advances to banks and customers (in percent) | 14% | |
RMS 10 | Retail £m | Bottom of range | ||
FINANCIAL RISK MANAGEMENT (Details) - Schedule of Credit Quality of Assets [Line Items] | ||
Probability of default loans and advances to banks and customers (in percent) | 14.01% | |
RMS 10 | Retail £m | Top of range | ||
FINANCIAL RISK MANAGEMENT (Details) - Schedule of Credit Quality of Assets [Line Items] | ||
Probability of default loans and advances to banks and customers (in percent) | 20% | |
RMS 11–13 | Retail £m | Bottom of range | ||
FINANCIAL RISK MANAGEMENT (Details) - Schedule of Credit Quality of Assets [Line Items] | ||
Probability of default loans and advances to banks and customers (in percent) | 20.01% | |
RMS 11–13 | Retail £m | Top of range | ||
FINANCIAL RISK MANAGEMENT (Details) - Schedule of Credit Quality of Assets [Line Items] | ||
Probability of default loans and advances to banks and customers (in percent) | 99.99% | |
RMS 14 | Retail £m | ||
FINANCIAL RISK MANAGEMENT (Details) - Schedule of Credit Quality of Assets [Line Items] | ||
Probability of default loans and advances to banks and customers (in percent) | 100% | |
CMS 1-10 | Commercial | Bottom of range | ||
FINANCIAL RISK MANAGEMENT (Details) - Schedule of Credit Quality of Assets [Line Items] | ||
Probability of default loans and advances to banks and customers (in percent) | 0% | |
CMS 1-10 | Commercial | Top of range | ||
FINANCIAL RISK MANAGEMENT (Details) - Schedule of Credit Quality of Assets [Line Items] | ||
Probability of default loans and advances to banks and customers (in percent) | 0.10% | |
CMS 6–10 | Commercial | Bottom of range | ||
FINANCIAL RISK MANAGEMENT (Details) - Schedule of Credit Quality of Assets [Line Items] | ||
Probability of default loans and advances to banks and customers (in percent) | 0.101% | |
CMS 6–10 | Commercial | Top of range | ||
FINANCIAL RISK MANAGEMENT (Details) - Schedule of Credit Quality of Assets [Line Items] | ||
Probability of default loans and advances to banks and customers (in percent) | 0.50% | |
CMS 11–14 | Commercial | Bottom of range | ||
FINANCIAL RISK MANAGEMENT (Details) - Schedule of Credit Quality of Assets [Line Items] | ||
Probability of default loans and advances to banks and customers (in percent) | 0.501% | |
CMS 11–14 | Commercial | Top of range | ||
FINANCIAL RISK MANAGEMENT (Details) - Schedule of Credit Quality of Assets [Line Items] | ||
Probability of default loans and advances to banks and customers (in percent) | 3% | |
CMS 15–18 | Commercial | Bottom of range | ||
FINANCIAL RISK MANAGEMENT (Details) - Schedule of Credit Quality of Assets [Line Items] | ||
Probability of default loans and advances to banks and customers (in percent) | 3.001% | |
CMS 15–18 | Commercial | Top of range | ||
FINANCIAL RISK MANAGEMENT (Details) - Schedule of Credit Quality of Assets [Line Items] | ||
Probability of default loans and advances to banks and customers (in percent) | 20% | |
CMS 19 | Commercial | Bottom of range | ||
FINANCIAL RISK MANAGEMENT (Details) - Schedule of Credit Quality of Assets [Line Items] | ||
Probability of default loans and advances to banks and customers (in percent) | 20.001% | |
CMS 19 | Commercial | Top of range | ||
FINANCIAL RISK MANAGEMENT (Details) - Schedule of Credit Quality of Assets [Line Items] | ||
Probability of default loans and advances to banks and customers (in percent) | 99.999% | |
CMS 20–23 | Commercial | ||
FINANCIAL RISK MANAGEMENT (Details) - Schedule of Credit Quality of Assets [Line Items] | ||
Probability of default loans and advances to banks and customers (in percent) | 100% |
FINANCIAL RISK MANAGEMENT - S_3
FINANCIAL RISK MANAGEMENT - Schedule of Drawn and Undrawn Exposures and Expected Credit Losses (Details) - GBP (£) £ in Millions | Dec. 31, 2022 | Dec. 31, 2021 |
FINANCIAL RISK MANAGEMENT (Details) - Schedule of Credit Quality of Assets [Line Items] | ||
Loans and advances to banks | £ 8,363 | £ 4,478 |
Loans and advances to customers | 435,627 | 430,829 |
Reverse repurchase agreements | 39,259 | 49,708 |
Net carrying amount | 435,627 | 430,829 |
Gross drawn exposures | ||
FINANCIAL RISK MANAGEMENT (Details) - Schedule of Credit Quality of Assets [Line Items] | ||
Loans and advances to banks | 8,372 | 4,478 |
Loans and advances to customers | 440,102 | 434,633 |
Reverse repurchase agreements | 39,259 | 49,708 |
Gross drawn exposures | Retail – UK mortgages | ||
FINANCIAL RISK MANAGEMENT (Details) - Schedule of Credit Quality of Assets [Line Items] | ||
Loans and advances to customers | 312,338 | 308,344 |
Gross drawn exposures | Retail – credit cards | ||
FINANCIAL RISK MANAGEMENT (Details) - Schedule of Credit Quality of Assets [Line Items] | ||
Loans and advances to customers | 14,992 | 14,287 |
Gross drawn exposures | Retail – loans and overdrafts | ||
FINANCIAL RISK MANAGEMENT (Details) - Schedule of Credit Quality of Assets [Line Items] | ||
Loans and advances to customers | 10,317 | 9,557 |
Gross drawn exposures | Retail – UK Motor Finance | ||
FINANCIAL RISK MANAGEMENT (Details) - Schedule of Credit Quality of Assets [Line Items] | ||
Loans and advances to customers | 14,573 | 14,276 |
Gross drawn exposures | Retail – other | ||
FINANCIAL RISK MANAGEMENT (Details) - Schedule of Credit Quality of Assets [Line Items] | ||
Loans and advances to customers | 14,790 | 11,960 |
Gross drawn exposures | Total Retail | ||
FINANCIAL RISK MANAGEMENT (Details) - Schedule of Credit Quality of Assets [Line Items] | ||
Loans and advances to customers | 367,010 | 358,424 |
Gross drawn exposures | Commercial Banking | ||
FINANCIAL RISK MANAGEMENT (Details) - Schedule of Credit Quality of Assets [Line Items] | ||
Loans and advances to customers | 76,290 | 76,676 |
Gross drawn exposures | Other £m | ||
FINANCIAL RISK MANAGEMENT (Details) - Schedule of Credit Quality of Assets [Line Items] | ||
Loans and advances to customers | (3,198) | (467) |
Gross drawn exposures | Banks | ||
FINANCIAL RISK MANAGEMENT (Details) - Schedule of Credit Quality of Assets [Line Items] | ||
Reverse repurchase agreements | 3,550 | 2,996 |
Gross drawn exposures | Customers | ||
FINANCIAL RISK MANAGEMENT (Details) - Schedule of Credit Quality of Assets [Line Items] | ||
Reverse repurchase agreements | 35,709 | 46,712 |
Expected credit losses in respect of drawn exposures | ||
FINANCIAL RISK MANAGEMENT (Details) - Schedule of Credit Quality of Assets [Line Items] | ||
Loans and advances to banks | 9 | 0 |
Loans and advances to customers | 4,475 | 3,804 |
Reverse repurchase agreements | 0 | 0 |
Expected credit losses in respect of drawn exposures | Retail – UK mortgages | ||
FINANCIAL RISK MANAGEMENT (Details) - Schedule of Credit Quality of Assets [Line Items] | ||
Loans and advances to customers | 1,207 | 836 |
Expected credit losses in respect of drawn exposures | Retail – credit cards | ||
FINANCIAL RISK MANAGEMENT (Details) - Schedule of Credit Quality of Assets [Line Items] | ||
Loans and advances to customers | 666 | 442 |
Expected credit losses in respect of drawn exposures | Retail – loans and overdrafts | ||
FINANCIAL RISK MANAGEMENT (Details) - Schedule of Credit Quality of Assets [Line Items] | ||
Loans and advances to customers | 610 | 418 |
Expected credit losses in respect of drawn exposures | Retail – UK Motor Finance | ||
FINANCIAL RISK MANAGEMENT (Details) - Schedule of Credit Quality of Assets [Line Items] | ||
Loans and advances to customers | 250 | 296 |
Expected credit losses in respect of drawn exposures | Retail – other | ||
FINANCIAL RISK MANAGEMENT (Details) - Schedule of Credit Quality of Assets [Line Items] | ||
Loans and advances to customers | 83 | 81 |
Expected credit losses in respect of drawn exposures | Total Retail | ||
FINANCIAL RISK MANAGEMENT (Details) - Schedule of Credit Quality of Assets [Line Items] | ||
Loans and advances to customers | 2,816 | 2,073 |
Expected credit losses in respect of drawn exposures | Commercial Banking | ||
FINANCIAL RISK MANAGEMENT (Details) - Schedule of Credit Quality of Assets [Line Items] | ||
Loans and advances to customers | 1,659 | 1,331 |
Expected credit losses in respect of drawn exposures | Other £m | ||
FINANCIAL RISK MANAGEMENT (Details) - Schedule of Credit Quality of Assets [Line Items] | ||
Loans and advances to customers | 0 | 400 |
Expected credit losses in respect of drawn exposures | Banks | ||
FINANCIAL RISK MANAGEMENT (Details) - Schedule of Credit Quality of Assets [Line Items] | ||
Reverse repurchase agreements | 0 | 0 |
Expected credit losses in respect of drawn exposures | Customers | ||
FINANCIAL RISK MANAGEMENT (Details) - Schedule of Credit Quality of Assets [Line Items] | ||
Reverse repurchase agreements | 0 | 0 |
Gross undrawn exposures | ||
FINANCIAL RISK MANAGEMENT (Details) - Schedule of Credit Quality of Assets [Line Items] | ||
Loans and advances to customers | 127,369 | 127,684 |
Gross undrawn exposures | Retail – UK mortgages | ||
FINANCIAL RISK MANAGEMENT (Details) - Schedule of Credit Quality of Assets [Line Items] | ||
Loans and advances to customers | 16,444 | 17,151 |
Gross undrawn exposures | Retail – credit cards | ||
FINANCIAL RISK MANAGEMENT (Details) - Schedule of Credit Quality of Assets [Line Items] | ||
Loans and advances to customers | 57,913 | 59,037 |
Gross undrawn exposures | Retail – loans and overdrafts | ||
FINANCIAL RISK MANAGEMENT (Details) - Schedule of Credit Quality of Assets [Line Items] | ||
Loans and advances to customers | 6,712 | 6,738 |
Gross undrawn exposures | Retail – UK Motor Finance | ||
FINANCIAL RISK MANAGEMENT (Details) - Schedule of Credit Quality of Assets [Line Items] | ||
Loans and advances to customers | 1,925 | 1,985 |
Gross undrawn exposures | Retail – other | ||
FINANCIAL RISK MANAGEMENT (Details) - Schedule of Credit Quality of Assets [Line Items] | ||
Loans and advances to customers | 900 | 896 |
Gross undrawn exposures | Total Retail | ||
FINANCIAL RISK MANAGEMENT (Details) - Schedule of Credit Quality of Assets [Line Items] | ||
Loans and advances to customers | 83,894 | 85,807 |
Gross undrawn exposures | Commercial Banking | ||
FINANCIAL RISK MANAGEMENT (Details) - Schedule of Credit Quality of Assets [Line Items] | ||
Loans and advances to customers | 43,473 | 41,376 |
Gross undrawn exposures | Other £m | ||
FINANCIAL RISK MANAGEMENT (Details) - Schedule of Credit Quality of Assets [Line Items] | ||
Loans and advances to customers | 2 | 501 |
Expected credit losses in respect of undrawn exposures | ||
FINANCIAL RISK MANAGEMENT (Details) - Schedule of Credit Quality of Assets [Line Items] | ||
Loans and advances to customers | 304 | 194 |
Expected credit losses in respect of undrawn exposures | Retail – UK mortgages | ||
FINANCIAL RISK MANAGEMENT (Details) - Schedule of Credit Quality of Assets [Line Items] | ||
Loans and advances to customers | 2 | 1 |
Expected credit losses in respect of undrawn exposures | Retail – credit cards | ||
FINANCIAL RISK MANAGEMENT (Details) - Schedule of Credit Quality of Assets [Line Items] | ||
Loans and advances to customers | 97 | 79 |
Expected credit losses in respect of undrawn exposures | Retail – loans and overdrafts | ||
FINANCIAL RISK MANAGEMENT (Details) - Schedule of Credit Quality of Assets [Line Items] | ||
Loans and advances to customers | 68 | 27 |
Expected credit losses in respect of undrawn exposures | Retail – UK Motor Finance | ||
FINANCIAL RISK MANAGEMENT (Details) - Schedule of Credit Quality of Assets [Line Items] | ||
Loans and advances to customers | 2 | 2 |
Expected credit losses in respect of undrawn exposures | Retail – other | ||
FINANCIAL RISK MANAGEMENT (Details) - Schedule of Credit Quality of Assets [Line Items] | ||
Loans and advances to customers | 3 | 1 |
Expected credit losses in respect of undrawn exposures | Total Retail | ||
FINANCIAL RISK MANAGEMENT (Details) - Schedule of Credit Quality of Assets [Line Items] | ||
Loans and advances to customers | 172 | 110 |
Expected credit losses in respect of undrawn exposures | Commercial Banking | ||
FINANCIAL RISK MANAGEMENT (Details) - Schedule of Credit Quality of Assets [Line Items] | ||
Loans and advances to customers | 132 | 84 |
Expected credit losses in respect of undrawn exposures | Other £m | ||
FINANCIAL RISK MANAGEMENT (Details) - Schedule of Credit Quality of Assets [Line Items] | ||
Loans and advances to customers | 0 | 0 |
Stage 1 £m | Gross drawn exposures | ||
FINANCIAL RISK MANAGEMENT (Details) - Schedule of Credit Quality of Assets [Line Items] | ||
Loans and advances to banks | 8,369 | 4,478 |
Loans and advances to customers | 362,766 | 382,366 |
Reverse repurchase agreements | 39,259 | 49,708 |
Stage 1 £m | Gross drawn exposures | Retail – UK mortgages | ||
FINANCIAL RISK MANAGEMENT (Details) - Schedule of Credit Quality of Assets [Line Items] | ||
Loans and advances to customers | 257,517 | 273,629 |
Stage 1 £m | Gross drawn exposures | Retail – credit cards | ||
FINANCIAL RISK MANAGEMENT (Details) - Schedule of Credit Quality of Assets [Line Items] | ||
Loans and advances to customers | 11,416 | 11,918 |
Stage 1 £m | Gross drawn exposures | Retail – loans and overdrafts | ||
FINANCIAL RISK MANAGEMENT (Details) - Schedule of Credit Quality of Assets [Line Items] | ||
Loans and advances to customers | 8,357 | 8,181 |
Stage 1 £m | Gross drawn exposures | Retail – UK Motor Finance | ||
FINANCIAL RISK MANAGEMENT (Details) - Schedule of Credit Quality of Assets [Line Items] | ||
Loans and advances to customers | 12,174 | 12,247 |
Stage 1 £m | Gross drawn exposures | Retail – other | ||
FINANCIAL RISK MANAGEMENT (Details) - Schedule of Credit Quality of Assets [Line Items] | ||
Loans and advances to customers | 13,990 | 11,198 |
Stage 1 £m | Gross drawn exposures | Total Retail | ||
FINANCIAL RISK MANAGEMENT (Details) - Schedule of Credit Quality of Assets [Line Items] | ||
Loans and advances to customers | 303,454 | 317,173 |
Stage 1 £m | Gross drawn exposures | Commercial Banking | ||
FINANCIAL RISK MANAGEMENT (Details) - Schedule of Credit Quality of Assets [Line Items] | ||
Loans and advances to customers | 62,510 | 65,660 |
Stage 1 £m | Gross drawn exposures | Other £m | ||
FINANCIAL RISK MANAGEMENT (Details) - Schedule of Credit Quality of Assets [Line Items] | ||
Loans and advances to customers | (3,198) | (467) |
Stage 1 £m | Gross drawn exposures | Banks | ||
FINANCIAL RISK MANAGEMENT (Details) - Schedule of Credit Quality of Assets [Line Items] | ||
Reverse repurchase agreements | 3,550 | 2,996 |
Stage 1 £m | Gross drawn exposures | Customers | ||
FINANCIAL RISK MANAGEMENT (Details) - Schedule of Credit Quality of Assets [Line Items] | ||
Reverse repurchase agreements | 35,709 | 46,712 |
Stage 1 £m | Expected credit losses in respect of drawn exposures | ||
FINANCIAL RISK MANAGEMENT (Details) - Schedule of Credit Quality of Assets [Line Items] | ||
Loans and advances to banks | 9 | 0 |
Loans and advances to customers | 678 | 909 |
Reverse repurchase agreements | 0 | 0 |
Stage 1 £m | Expected credit losses in respect of drawn exposures | Retail – UK mortgages | ||
FINANCIAL RISK MANAGEMENT (Details) - Schedule of Credit Quality of Assets [Line Items] | ||
Loans and advances to customers | 91 | 48 |
Stage 1 £m | Expected credit losses in respect of drawn exposures | Retail – credit cards | ||
FINANCIAL RISK MANAGEMENT (Details) - Schedule of Credit Quality of Assets [Line Items] | ||
Loans and advances to customers | 120 | 96 |
Stage 1 £m | Expected credit losses in respect of drawn exposures | Retail – loans and overdrafts | ||
FINANCIAL RISK MANAGEMENT (Details) - Schedule of Credit Quality of Assets [Line Items] | ||
Loans and advances to customers | 169 | 126 |
Stage 1 £m | Expected credit losses in respect of drawn exposures | Retail – UK Motor Finance | ||
FINANCIAL RISK MANAGEMENT (Details) - Schedule of Credit Quality of Assets [Line Items] | ||
Loans and advances to customers | 93 | 106 |
Stage 1 £m | Expected credit losses in respect of drawn exposures | Retail – other | ||
FINANCIAL RISK MANAGEMENT (Details) - Schedule of Credit Quality of Assets [Line Items] | ||
Loans and advances to customers | 13 | 14 |
Stage 1 £m | Expected credit losses in respect of drawn exposures | Total Retail | ||
FINANCIAL RISK MANAGEMENT (Details) - Schedule of Credit Quality of Assets [Line Items] | ||
Loans and advances to customers | 486 | 390 |
Stage 1 £m | Expected credit losses in respect of drawn exposures | Commercial Banking | ||
FINANCIAL RISK MANAGEMENT (Details) - Schedule of Credit Quality of Assets [Line Items] | ||
Loans and advances to customers | 192 | 119 |
Stage 1 £m | Expected credit losses in respect of drawn exposures | Other £m | ||
FINANCIAL RISK MANAGEMENT (Details) - Schedule of Credit Quality of Assets [Line Items] | ||
Loans and advances to customers | 0 | 400 |
Stage 1 £m | Expected credit losses in respect of drawn exposures | Banks | ||
FINANCIAL RISK MANAGEMENT (Details) - Schedule of Credit Quality of Assets [Line Items] | ||
Reverse repurchase agreements | 0 | 0 |
Stage 1 £m | Expected credit losses in respect of drawn exposures | Customers | ||
FINANCIAL RISK MANAGEMENT (Details) - Schedule of Credit Quality of Assets [Line Items] | ||
Reverse repurchase agreements | 0 | 0 |
Stage 1 £m | Expected credit losses in respect of drawn exposures | Central adjustment | ||
FINANCIAL RISK MANAGEMENT (Details) - Schedule of Credit Quality of Assets [Line Items] | ||
Net carrying amount | 400 | |
Stage 1 £m | Gross undrawn exposures | ||
FINANCIAL RISK MANAGEMENT (Details) - Schedule of Credit Quality of Assets [Line Items] | ||
Loans and advances to customers | 120,492 | 122,903 |
Stage 1 £m | Gross undrawn exposures | Retail – UK mortgages | ||
FINANCIAL RISK MANAGEMENT (Details) - Schedule of Credit Quality of Assets [Line Items] | ||
Loans and advances to customers | 16,086 | 16,971 |
Stage 1 £m | Gross undrawn exposures | Retail – credit cards | ||
FINANCIAL RISK MANAGEMENT (Details) - Schedule of Credit Quality of Assets [Line Items] | ||
Loans and advances to customers | 54,319 | 56,480 |
Stage 1 £m | Gross undrawn exposures | Retail – loans and overdrafts | ||
FINANCIAL RISK MANAGEMENT (Details) - Schedule of Credit Quality of Assets [Line Items] | ||
Loans and advances to customers | 6,051 | 6,401 |
Stage 1 £m | Gross undrawn exposures | Retail – UK Motor Finance | ||
FINANCIAL RISK MANAGEMENT (Details) - Schedule of Credit Quality of Assets [Line Items] | ||
Loans and advances to customers | 1,924 | 1,985 |
Stage 1 £m | Gross undrawn exposures | Retail – other | ||
FINANCIAL RISK MANAGEMENT (Details) - Schedule of Credit Quality of Assets [Line Items] | ||
Loans and advances to customers | 900 | 896 |
Stage 1 £m | Gross undrawn exposures | Total Retail | ||
FINANCIAL RISK MANAGEMENT (Details) - Schedule of Credit Quality of Assets [Line Items] | ||
Loans and advances to customers | 79,280 | 82,733 |
Stage 1 £m | Gross undrawn exposures | Commercial Banking | ||
FINANCIAL RISK MANAGEMENT (Details) - Schedule of Credit Quality of Assets [Line Items] | ||
Loans and advances to customers | 41,210 | 39,669 |
Stage 1 £m | Gross undrawn exposures | Other £m | ||
FINANCIAL RISK MANAGEMENT (Details) - Schedule of Credit Quality of Assets [Line Items] | ||
Loans and advances to customers | 2 | 501 |
Stage 1 £m | Expected credit losses in respect of undrawn exposures | ||
FINANCIAL RISK MANAGEMENT (Details) - Schedule of Credit Quality of Assets [Line Items] | ||
Loans and advances to customers | 122 | 103 |
Stage 1 £m | Expected credit losses in respect of undrawn exposures | Retail – UK mortgages | ||
FINANCIAL RISK MANAGEMENT (Details) - Schedule of Credit Quality of Assets [Line Items] | ||
Loans and advances to customers | 1 | 1 |
Stage 1 £m | Expected credit losses in respect of undrawn exposures | Retail – credit cards | ||
FINANCIAL RISK MANAGEMENT (Details) - Schedule of Credit Quality of Assets [Line Items] | ||
Loans and advances to customers | 53 | 48 |
Stage 1 £m | Expected credit losses in respect of undrawn exposures | Retail – loans and overdrafts | ||
FINANCIAL RISK MANAGEMENT (Details) - Schedule of Credit Quality of Assets [Line Items] | ||
Loans and advances to customers | 16 | 10 |
Stage 1 £m | Expected credit losses in respect of undrawn exposures | Retail – UK Motor Finance | ||
FINANCIAL RISK MANAGEMENT (Details) - Schedule of Credit Quality of Assets [Line Items] | ||
Loans and advances to customers | 2 | 2 |
Stage 1 £m | Expected credit losses in respect of undrawn exposures | Retail – other | ||
FINANCIAL RISK MANAGEMENT (Details) - Schedule of Credit Quality of Assets [Line Items] | ||
Loans and advances to customers | 3 | 1 |
Stage 1 £m | Expected credit losses in respect of undrawn exposures | Total Retail | ||
FINANCIAL RISK MANAGEMENT (Details) - Schedule of Credit Quality of Assets [Line Items] | ||
Loans and advances to customers | 75 | 62 |
Stage 1 £m | Expected credit losses in respect of undrawn exposures | Commercial Banking | ||
FINANCIAL RISK MANAGEMENT (Details) - Schedule of Credit Quality of Assets [Line Items] | ||
Loans and advances to customers | 47 | 41 |
Stage 1 £m | Expected credit losses in respect of undrawn exposures | Other £m | ||
FINANCIAL RISK MANAGEMENT (Details) - Schedule of Credit Quality of Assets [Line Items] | ||
Loans and advances to customers | 0 | 0 |
Stage 2 £m | Gross drawn exposures | ||
FINANCIAL RISK MANAGEMENT (Details) - Schedule of Credit Quality of Assets [Line Items] | ||
Loans and advances to banks | 3 | 0 |
Loans and advances to customers | 60,103 | 34,884 |
Reverse repurchase agreements | 0 | 0 |
Stage 2 £m | Gross drawn exposures | Retail – UK mortgages | ||
FINANCIAL RISK MANAGEMENT (Details) - Schedule of Credit Quality of Assets [Line Items] | ||
Loans and advances to customers | 41,783 | 21,798 |
Stage 2 £m | Gross drawn exposures | Retail – credit cards | ||
FINANCIAL RISK MANAGEMENT (Details) - Schedule of Credit Quality of Assets [Line Items] | ||
Loans and advances to customers | 3,287 | 2,077 |
Stage 2 £m | Gross drawn exposures | Retail – loans and overdrafts | ||
FINANCIAL RISK MANAGEMENT (Details) - Schedule of Credit Quality of Assets [Line Items] | ||
Loans and advances to customers | 1,713 | 1,105 |
Stage 2 £m | Gross drawn exposures | Retail – UK Motor Finance | ||
FINANCIAL RISK MANAGEMENT (Details) - Schedule of Credit Quality of Assets [Line Items] | ||
Loans and advances to customers | 2,245 | 1,828 |
Stage 2 £m | Gross drawn exposures | Retail – other | ||
FINANCIAL RISK MANAGEMENT (Details) - Schedule of Credit Quality of Assets [Line Items] | ||
Loans and advances to customers | 643 | 593 |
Stage 2 £m | Gross drawn exposures | Total Retail | ||
FINANCIAL RISK MANAGEMENT (Details) - Schedule of Credit Quality of Assets [Line Items] | ||
Loans and advances to customers | 49,671 | 27,401 |
Stage 2 £m | Gross drawn exposures | Commercial Banking | ||
FINANCIAL RISK MANAGEMENT (Details) - Schedule of Credit Quality of Assets [Line Items] | ||
Loans and advances to customers | 10,432 | 7,483 |
Stage 2 £m | Gross drawn exposures | Other £m | ||
FINANCIAL RISK MANAGEMENT (Details) - Schedule of Credit Quality of Assets [Line Items] | ||
Loans and advances to customers | 0 | 0 |
Stage 2 £m | Gross drawn exposures | Banks | ||
FINANCIAL RISK MANAGEMENT (Details) - Schedule of Credit Quality of Assets [Line Items] | ||
Reverse repurchase agreements | 0 | 0 |
Stage 2 £m | Gross drawn exposures | Customers | ||
FINANCIAL RISK MANAGEMENT (Details) - Schedule of Credit Quality of Assets [Line Items] | ||
Reverse repurchase agreements | 0 | 0 |
Stage 2 £m | Expected credit losses in respect of drawn exposures | ||
FINANCIAL RISK MANAGEMENT (Details) - Schedule of Credit Quality of Assets [Line Items] | ||
Loans and advances to banks | 0 | 0 |
Loans and advances to customers | 1,792 | 1,112 |
Reverse repurchase agreements | 0 | 0 |
Stage 2 £m | Expected credit losses in respect of drawn exposures | Retail – UK mortgages | ||
FINANCIAL RISK MANAGEMENT (Details) - Schedule of Credit Quality of Assets [Line Items] | ||
Loans and advances to customers | 552 | 394 |
Stage 2 £m | Expected credit losses in respect of drawn exposures | Retail – credit cards | ||
FINANCIAL RISK MANAGEMENT (Details) - Schedule of Credit Quality of Assets [Line Items] | ||
Loans and advances to customers | 433 | 218 |
Stage 2 £m | Expected credit losses in respect of drawn exposures | Retail – loans and overdrafts | ||
FINANCIAL RISK MANAGEMENT (Details) - Schedule of Credit Quality of Assets [Line Items] | ||
Loans and advances to customers | 315 | 153 |
Stage 2 £m | Expected credit losses in respect of drawn exposures | Retail – UK Motor Finance | ||
FINANCIAL RISK MANAGEMENT (Details) - Schedule of Credit Quality of Assets [Line Items] | ||
Loans and advances to customers | 76 | 74 |
Stage 2 £m | Expected credit losses in respect of drawn exposures | Retail – other | ||
FINANCIAL RISK MANAGEMENT (Details) - Schedule of Credit Quality of Assets [Line Items] | ||
Loans and advances to customers | 18 | 15 |
Stage 2 £m | Expected credit losses in respect of drawn exposures | Total Retail | ||
FINANCIAL RISK MANAGEMENT (Details) - Schedule of Credit Quality of Assets [Line Items] | ||
Loans and advances to customers | 1,394 | 854 |
Stage 2 £m | Expected credit losses in respect of drawn exposures | Commercial Banking | ||
FINANCIAL RISK MANAGEMENT (Details) - Schedule of Credit Quality of Assets [Line Items] | ||
Loans and advances to customers | 398 | 258 |
Stage 2 £m | Expected credit losses in respect of drawn exposures | Other £m | ||
FINANCIAL RISK MANAGEMENT (Details) - Schedule of Credit Quality of Assets [Line Items] | ||
Loans and advances to customers | 0 | 0 |
Stage 2 £m | Expected credit losses in respect of drawn exposures | Banks | ||
FINANCIAL RISK MANAGEMENT (Details) - Schedule of Credit Quality of Assets [Line Items] | ||
Reverse repurchase agreements | 0 | 0 |
Stage 2 £m | Expected credit losses in respect of drawn exposures | Customers | ||
FINANCIAL RISK MANAGEMENT (Details) - Schedule of Credit Quality of Assets [Line Items] | ||
Reverse repurchase agreements | 0 | 0 |
Stage 2 £m | Gross undrawn exposures | ||
FINANCIAL RISK MANAGEMENT (Details) - Schedule of Credit Quality of Assets [Line Items] | ||
Loans and advances to customers | 6,683 | 4,556 |
Stage 2 £m | Gross undrawn exposures | Retail – UK mortgages | ||
FINANCIAL RISK MANAGEMENT (Details) - Schedule of Credit Quality of Assets [Line Items] | ||
Loans and advances to customers | 274 | 95 |
Stage 2 £m | Gross undrawn exposures | Retail – credit cards | ||
FINANCIAL RISK MANAGEMENT (Details) - Schedule of Credit Quality of Assets [Line Items] | ||
Loans and advances to customers | 3,549 | 2,502 |
Stage 2 £m | Gross undrawn exposures | Retail – loans and overdrafts | ||
FINANCIAL RISK MANAGEMENT (Details) - Schedule of Credit Quality of Assets [Line Items] | ||
Loans and advances to customers | 644 | 319 |
Stage 2 £m | Gross undrawn exposures | Retail – UK Motor Finance | ||
FINANCIAL RISK MANAGEMENT (Details) - Schedule of Credit Quality of Assets [Line Items] | ||
Loans and advances to customers | 1 | 0 |
Stage 2 £m | Gross undrawn exposures | Retail – other | ||
FINANCIAL RISK MANAGEMENT (Details) - Schedule of Credit Quality of Assets [Line Items] | ||
Loans and advances to customers | 0 | 0 |
Stage 2 £m | Gross undrawn exposures | Total Retail | ||
FINANCIAL RISK MANAGEMENT (Details) - Schedule of Credit Quality of Assets [Line Items] | ||
Loans and advances to customers | 4,468 | 2,916 |
Stage 2 £m | Gross undrawn exposures | Commercial Banking | ||
FINANCIAL RISK MANAGEMENT (Details) - Schedule of Credit Quality of Assets [Line Items] | ||
Loans and advances to customers | 2,215 | 1,640 |
Stage 2 £m | Gross undrawn exposures | Other £m | ||
FINANCIAL RISK MANAGEMENT (Details) - Schedule of Credit Quality of Assets [Line Items] | ||
Loans and advances to customers | 0 | 0 |
Stage 2 £m | Expected credit losses in respect of undrawn exposures | ||
FINANCIAL RISK MANAGEMENT (Details) - Schedule of Credit Quality of Assets [Line Items] | ||
Loans and advances to customers | 178 | 86 |
Stage 2 £m | Expected credit losses in respect of undrawn exposures | Retail – UK mortgages | ||
FINANCIAL RISK MANAGEMENT (Details) - Schedule of Credit Quality of Assets [Line Items] | ||
Loans and advances to customers | 1 | 0 |
Stage 2 £m | Expected credit losses in respect of undrawn exposures | Retail – credit cards | ||
FINANCIAL RISK MANAGEMENT (Details) - Schedule of Credit Quality of Assets [Line Items] | ||
Loans and advances to customers | 44 | 31 |
Stage 2 £m | Expected credit losses in respect of undrawn exposures | Retail – loans and overdrafts | ||
FINANCIAL RISK MANAGEMENT (Details) - Schedule of Credit Quality of Assets [Line Items] | ||
Loans and advances to customers | 52 | 17 |
Stage 2 £m | Expected credit losses in respect of undrawn exposures | Retail – UK Motor Finance | ||
FINANCIAL RISK MANAGEMENT (Details) - Schedule of Credit Quality of Assets [Line Items] | ||
Loans and advances to customers | 0 | 0 |
Stage 2 £m | Expected credit losses in respect of undrawn exposures | Retail – other | ||
FINANCIAL RISK MANAGEMENT (Details) - Schedule of Credit Quality of Assets [Line Items] | ||
Loans and advances to customers | 0 | 0 |
Stage 2 £m | Expected credit losses in respect of undrawn exposures | Total Retail | ||
FINANCIAL RISK MANAGEMENT (Details) - Schedule of Credit Quality of Assets [Line Items] | ||
Loans and advances to customers | 97 | 48 |
Stage 2 £m | Expected credit losses in respect of undrawn exposures | Commercial Banking | ||
FINANCIAL RISK MANAGEMENT (Details) - Schedule of Credit Quality of Assets [Line Items] | ||
Loans and advances to customers | 81 | 38 |
Stage 2 £m | Expected credit losses in respect of undrawn exposures | Other £m | ||
FINANCIAL RISK MANAGEMENT (Details) - Schedule of Credit Quality of Assets [Line Items] | ||
Loans and advances to customers | 0 | 0 |
Stage 3 £m | Gross drawn exposures | ||
FINANCIAL RISK MANAGEMENT (Details) - Schedule of Credit Quality of Assets [Line Items] | ||
Loans and advances to banks | 0 | 0 |
Loans and advances to customers | 7,611 | 6,406 |
Reverse repurchase agreements | 0 | 0 |
Stage 3 £m | Gross drawn exposures | Retail – UK mortgages | ||
FINANCIAL RISK MANAGEMENT (Details) - Schedule of Credit Quality of Assets [Line Items] | ||
Loans and advances to customers | 3,416 | 1,940 |
Stage 3 £m | Gross drawn exposures | Retail – credit cards | ||
FINANCIAL RISK MANAGEMENT (Details) - Schedule of Credit Quality of Assets [Line Items] | ||
Loans and advances to customers | 289 | 292 |
Stage 3 £m | Gross drawn exposures | Retail – loans and overdrafts | ||
FINANCIAL RISK MANAGEMENT (Details) - Schedule of Credit Quality of Assets [Line Items] | ||
Loans and advances to customers | 247 | 271 |
Stage 3 £m | Gross drawn exposures | Retail – UK Motor Finance | ||
FINANCIAL RISK MANAGEMENT (Details) - Schedule of Credit Quality of Assets [Line Items] | ||
Loans and advances to customers | 154 | 201 |
Stage 3 £m | Gross drawn exposures | Retail – other | ||
FINANCIAL RISK MANAGEMENT (Details) - Schedule of Credit Quality of Assets [Line Items] | ||
Loans and advances to customers | 157 | 169 |
Stage 3 £m | Gross drawn exposures | Total Retail | ||
FINANCIAL RISK MANAGEMENT (Details) - Schedule of Credit Quality of Assets [Line Items] | ||
Loans and advances to customers | 4,263 | 2,873 |
Stage 3 £m | Gross drawn exposures | Commercial Banking | ||
FINANCIAL RISK MANAGEMENT (Details) - Schedule of Credit Quality of Assets [Line Items] | ||
Loans and advances to customers | 3,348 | 3,533 |
Stage 3 £m | Gross drawn exposures | Other £m | ||
FINANCIAL RISK MANAGEMENT (Details) - Schedule of Credit Quality of Assets [Line Items] | ||
Loans and advances to customers | 0 | 0 |
Stage 3 £m | Gross drawn exposures | Banks | ||
FINANCIAL RISK MANAGEMENT (Details) - Schedule of Credit Quality of Assets [Line Items] | ||
Reverse repurchase agreements | 0 | 0 |
Stage 3 £m | Gross drawn exposures | Customers | ||
FINANCIAL RISK MANAGEMENT (Details) - Schedule of Credit Quality of Assets [Line Items] | ||
Reverse repurchase agreements | 0 | 0 |
Stage 3 £m | Expected credit losses in respect of drawn exposures | ||
FINANCIAL RISK MANAGEMENT (Details) - Schedule of Credit Quality of Assets [Line Items] | ||
Loans and advances to banks | 0 | 0 |
Loans and advances to customers | 1,752 | 1,573 |
Reverse repurchase agreements | 0 | 0 |
Stage 3 £m | Expected credit losses in respect of drawn exposures | Retail – UK mortgages | ||
FINANCIAL RISK MANAGEMENT (Details) - Schedule of Credit Quality of Assets [Line Items] | ||
Loans and advances to customers | 311 | 184 |
Stage 3 £m | Expected credit losses in respect of drawn exposures | Retail – credit cards | ||
FINANCIAL RISK MANAGEMENT (Details) - Schedule of Credit Quality of Assets [Line Items] | ||
Loans and advances to customers | 113 | 128 |
Stage 3 £m | Expected credit losses in respect of drawn exposures | Retail – loans and overdrafts | ||
FINANCIAL RISK MANAGEMENT (Details) - Schedule of Credit Quality of Assets [Line Items] | ||
Loans and advances to customers | 126 | 139 |
Stage 3 £m | Expected credit losses in respect of drawn exposures | Retail – UK Motor Finance | ||
FINANCIAL RISK MANAGEMENT (Details) - Schedule of Credit Quality of Assets [Line Items] | ||
Loans and advances to customers | 81 | 116 |
Stage 3 £m | Expected credit losses in respect of drawn exposures | Retail – other | ||
FINANCIAL RISK MANAGEMENT (Details) - Schedule of Credit Quality of Assets [Line Items] | ||
Loans and advances to customers | 52 | 52 |
Stage 3 £m | Expected credit losses in respect of drawn exposures | Total Retail | ||
FINANCIAL RISK MANAGEMENT (Details) - Schedule of Credit Quality of Assets [Line Items] | ||
Loans and advances to customers | 683 | 619 |
Stage 3 £m | Expected credit losses in respect of drawn exposures | Commercial Banking | ||
FINANCIAL RISK MANAGEMENT (Details) - Schedule of Credit Quality of Assets [Line Items] | ||
Loans and advances to customers | 1,069 | 954 |
Stage 3 £m | Expected credit losses in respect of drawn exposures | Other £m | ||
FINANCIAL RISK MANAGEMENT (Details) - Schedule of Credit Quality of Assets [Line Items] | ||
Loans and advances to customers | 0 | 0 |
Stage 3 £m | Expected credit losses in respect of drawn exposures | Banks | ||
FINANCIAL RISK MANAGEMENT (Details) - Schedule of Credit Quality of Assets [Line Items] | ||
Reverse repurchase agreements | 0 | 0 |
Stage 3 £m | Expected credit losses in respect of drawn exposures | Customers | ||
FINANCIAL RISK MANAGEMENT (Details) - Schedule of Credit Quality of Assets [Line Items] | ||
Reverse repurchase agreements | 0 | 0 |
Stage 3 £m | Gross undrawn exposures | ||
FINANCIAL RISK MANAGEMENT (Details) - Schedule of Credit Quality of Assets [Line Items] | ||
Loans and advances to customers | 127 | 153 |
Stage 3 £m | Gross undrawn exposures | Retail – UK mortgages | ||
FINANCIAL RISK MANAGEMENT (Details) - Schedule of Credit Quality of Assets [Line Items] | ||
Loans and advances to customers | 17 | 13 |
Stage 3 £m | Gross undrawn exposures | Retail – credit cards | ||
FINANCIAL RISK MANAGEMENT (Details) - Schedule of Credit Quality of Assets [Line Items] | ||
Loans and advances to customers | 45 | 55 |
Stage 3 £m | Gross undrawn exposures | Retail – loans and overdrafts | ||
FINANCIAL RISK MANAGEMENT (Details) - Schedule of Credit Quality of Assets [Line Items] | ||
Loans and advances to customers | 17 | 18 |
Stage 3 £m | Gross undrawn exposures | Retail – UK Motor Finance | ||
FINANCIAL RISK MANAGEMENT (Details) - Schedule of Credit Quality of Assets [Line Items] | ||
Loans and advances to customers | 0 | 0 |
Stage 3 £m | Gross undrawn exposures | Retail – other | ||
FINANCIAL RISK MANAGEMENT (Details) - Schedule of Credit Quality of Assets [Line Items] | ||
Loans and advances to customers | 0 | 0 |
Stage 3 £m | Gross undrawn exposures | Total Retail | ||
FINANCIAL RISK MANAGEMENT (Details) - Schedule of Credit Quality of Assets [Line Items] | ||
Loans and advances to customers | 79 | 86 |
Stage 3 £m | Gross undrawn exposures | Commercial Banking | ||
FINANCIAL RISK MANAGEMENT (Details) - Schedule of Credit Quality of Assets [Line Items] | ||
Loans and advances to customers | 48 | 67 |
Stage 3 £m | Gross undrawn exposures | Other £m | ||
FINANCIAL RISK MANAGEMENT (Details) - Schedule of Credit Quality of Assets [Line Items] | ||
Loans and advances to customers | 0 | 0 |
Stage 3 £m | Expected credit losses in respect of undrawn exposures | ||
FINANCIAL RISK MANAGEMENT (Details) - Schedule of Credit Quality of Assets [Line Items] | ||
Loans and advances to customers | 4 | 5 |
Stage 3 £m | Expected credit losses in respect of undrawn exposures | Retail – UK mortgages | ||
FINANCIAL RISK MANAGEMENT (Details) - Schedule of Credit Quality of Assets [Line Items] | ||
Loans and advances to customers | 0 | 0 |
Stage 3 £m | Expected credit losses in respect of undrawn exposures | Retail – credit cards | ||
FINANCIAL RISK MANAGEMENT (Details) - Schedule of Credit Quality of Assets [Line Items] | ||
Loans and advances to customers | 0 | 0 |
Stage 3 £m | Expected credit losses in respect of undrawn exposures | Retail – loans and overdrafts | ||
FINANCIAL RISK MANAGEMENT (Details) - Schedule of Credit Quality of Assets [Line Items] | ||
Loans and advances to customers | 0 | 0 |
Stage 3 £m | Expected credit losses in respect of undrawn exposures | Retail – UK Motor Finance | ||
FINANCIAL RISK MANAGEMENT (Details) - Schedule of Credit Quality of Assets [Line Items] | ||
Loans and advances to customers | 0 | 0 |
Stage 3 £m | Expected credit losses in respect of undrawn exposures | Retail – other | ||
FINANCIAL RISK MANAGEMENT (Details) - Schedule of Credit Quality of Assets [Line Items] | ||
Loans and advances to customers | 0 | 0 |
Stage 3 £m | Expected credit losses in respect of undrawn exposures | Total Retail | ||
FINANCIAL RISK MANAGEMENT (Details) - Schedule of Credit Quality of Assets [Line Items] | ||
Loans and advances to customers | 0 | 0 |
Stage 3 £m | Expected credit losses in respect of undrawn exposures | Commercial Banking | ||
FINANCIAL RISK MANAGEMENT (Details) - Schedule of Credit Quality of Assets [Line Items] | ||
Loans and advances to customers | 4 | 5 |
Stage 3 £m | Expected credit losses in respect of undrawn exposures | Other £m | ||
FINANCIAL RISK MANAGEMENT (Details) - Schedule of Credit Quality of Assets [Line Items] | ||
Loans and advances to customers | 0 | 0 |
POCI £m | Gross drawn exposures | ||
FINANCIAL RISK MANAGEMENT (Details) - Schedule of Credit Quality of Assets [Line Items] | ||
Loans and advances to banks | 0 | 0 |
Loans and advances to customers | 9,622 | 10,977 |
Reverse repurchase agreements | 0 | 0 |
POCI £m | Gross drawn exposures | Retail – UK mortgages | ||
FINANCIAL RISK MANAGEMENT (Details) - Schedule of Credit Quality of Assets [Line Items] | ||
Loans and advances to customers | 9,622 | 10,977 |
POCI £m | Gross drawn exposures | Retail – credit cards | ||
FINANCIAL RISK MANAGEMENT (Details) - Schedule of Credit Quality of Assets [Line Items] | ||
Loans and advances to customers | 0 | 0 |
POCI £m | Gross drawn exposures | Retail – loans and overdrafts | ||
FINANCIAL RISK MANAGEMENT (Details) - Schedule of Credit Quality of Assets [Line Items] | ||
Loans and advances to customers | 0 | 0 |
POCI £m | Gross drawn exposures | Retail – UK Motor Finance | ||
FINANCIAL RISK MANAGEMENT (Details) - Schedule of Credit Quality of Assets [Line Items] | ||
Loans and advances to customers | 0 | 0 |
POCI £m | Gross drawn exposures | Retail – other | ||
FINANCIAL RISK MANAGEMENT (Details) - Schedule of Credit Quality of Assets [Line Items] | ||
Loans and advances to customers | 0 | 0 |
POCI £m | Gross drawn exposures | Total Retail | ||
FINANCIAL RISK MANAGEMENT (Details) - Schedule of Credit Quality of Assets [Line Items] | ||
Loans and advances to customers | 9,622 | 10,977 |
POCI £m | Gross drawn exposures | Commercial Banking | ||
FINANCIAL RISK MANAGEMENT (Details) - Schedule of Credit Quality of Assets [Line Items] | ||
Loans and advances to customers | 0 | 0 |
POCI £m | Gross drawn exposures | Other £m | ||
FINANCIAL RISK MANAGEMENT (Details) - Schedule of Credit Quality of Assets [Line Items] | ||
Loans and advances to customers | 0 | 0 |
POCI £m | Gross drawn exposures | Banks | ||
FINANCIAL RISK MANAGEMENT (Details) - Schedule of Credit Quality of Assets [Line Items] | ||
Reverse repurchase agreements | 0 | 0 |
POCI £m | Gross drawn exposures | Customers | ||
FINANCIAL RISK MANAGEMENT (Details) - Schedule of Credit Quality of Assets [Line Items] | ||
Reverse repurchase agreements | 0 | 0 |
POCI £m | Expected credit losses in respect of drawn exposures | ||
FINANCIAL RISK MANAGEMENT (Details) - Schedule of Credit Quality of Assets [Line Items] | ||
Loans and advances to banks | 0 | 0 |
Loans and advances to customers | 253 | 210 |
Reverse repurchase agreements | 0 | 0 |
POCI £m | Expected credit losses in respect of drawn exposures | Retail – UK mortgages | ||
FINANCIAL RISK MANAGEMENT (Details) - Schedule of Credit Quality of Assets [Line Items] | ||
Loans and advances to customers | 253 | 210 |
POCI £m | Expected credit losses in respect of drawn exposures | Retail – credit cards | ||
FINANCIAL RISK MANAGEMENT (Details) - Schedule of Credit Quality of Assets [Line Items] | ||
Loans and advances to customers | 0 | 0 |
POCI £m | Expected credit losses in respect of drawn exposures | Retail – loans and overdrafts | ||
FINANCIAL RISK MANAGEMENT (Details) - Schedule of Credit Quality of Assets [Line Items] | ||
Loans and advances to customers | 0 | 0 |
POCI £m | Expected credit losses in respect of drawn exposures | Retail – UK Motor Finance | ||
FINANCIAL RISK MANAGEMENT (Details) - Schedule of Credit Quality of Assets [Line Items] | ||
Loans and advances to customers | 0 | 0 |
POCI £m | Expected credit losses in respect of drawn exposures | Retail – other | ||
FINANCIAL RISK MANAGEMENT (Details) - Schedule of Credit Quality of Assets [Line Items] | ||
Loans and advances to customers | 0 | 0 |
POCI £m | Expected credit losses in respect of drawn exposures | Total Retail | ||
FINANCIAL RISK MANAGEMENT (Details) - Schedule of Credit Quality of Assets [Line Items] | ||
Loans and advances to customers | 253 | 210 |
POCI £m | Expected credit losses in respect of drawn exposures | Commercial Banking | ||
FINANCIAL RISK MANAGEMENT (Details) - Schedule of Credit Quality of Assets [Line Items] | ||
Loans and advances to customers | 0 | 0 |
POCI £m | Expected credit losses in respect of drawn exposures | Other £m | ||
FINANCIAL RISK MANAGEMENT (Details) - Schedule of Credit Quality of Assets [Line Items] | ||
Loans and advances to customers | 0 | 0 |
POCI £m | Expected credit losses in respect of drawn exposures | Banks | ||
FINANCIAL RISK MANAGEMENT (Details) - Schedule of Credit Quality of Assets [Line Items] | ||
Reverse repurchase agreements | 0 | 0 |
POCI £m | Expected credit losses in respect of drawn exposures | Customers | ||
FINANCIAL RISK MANAGEMENT (Details) - Schedule of Credit Quality of Assets [Line Items] | ||
Reverse repurchase agreements | 0 | 0 |
POCI £m | Gross undrawn exposures | ||
FINANCIAL RISK MANAGEMENT (Details) - Schedule of Credit Quality of Assets [Line Items] | ||
Loans and advances to customers | 67 | 72 |
POCI £m | Gross undrawn exposures | Retail – UK mortgages | ||
FINANCIAL RISK MANAGEMENT (Details) - Schedule of Credit Quality of Assets [Line Items] | ||
Loans and advances to customers | 67 | 72 |
POCI £m | Gross undrawn exposures | Retail – credit cards | ||
FINANCIAL RISK MANAGEMENT (Details) - Schedule of Credit Quality of Assets [Line Items] | ||
Loans and advances to customers | 0 | 0 |
POCI £m | Gross undrawn exposures | Retail – loans and overdrafts | ||
FINANCIAL RISK MANAGEMENT (Details) - Schedule of Credit Quality of Assets [Line Items] | ||
Loans and advances to customers | 0 | 0 |
POCI £m | Gross undrawn exposures | Retail – UK Motor Finance | ||
FINANCIAL RISK MANAGEMENT (Details) - Schedule of Credit Quality of Assets [Line Items] | ||
Loans and advances to customers | 0 | 0 |
POCI £m | Gross undrawn exposures | Retail – other | ||
FINANCIAL RISK MANAGEMENT (Details) - Schedule of Credit Quality of Assets [Line Items] | ||
Loans and advances to customers | 0 | 0 |
POCI £m | Gross undrawn exposures | Total Retail | ||
FINANCIAL RISK MANAGEMENT (Details) - Schedule of Credit Quality of Assets [Line Items] | ||
Loans and advances to customers | 67 | 72 |
POCI £m | Gross undrawn exposures | Commercial Banking | ||
FINANCIAL RISK MANAGEMENT (Details) - Schedule of Credit Quality of Assets [Line Items] | ||
Loans and advances to customers | 0 | 0 |
POCI £m | Gross undrawn exposures | Other £m | ||
FINANCIAL RISK MANAGEMENT (Details) - Schedule of Credit Quality of Assets [Line Items] | ||
Loans and advances to customers | 0 | 0 |
POCI £m | Expected credit losses in respect of undrawn exposures | ||
FINANCIAL RISK MANAGEMENT (Details) - Schedule of Credit Quality of Assets [Line Items] | ||
Loans and advances to customers | 0 | 0 |
POCI £m | Expected credit losses in respect of undrawn exposures | Retail – UK mortgages | ||
FINANCIAL RISK MANAGEMENT (Details) - Schedule of Credit Quality of Assets [Line Items] | ||
Loans and advances to customers | 0 | 0 |
POCI £m | Expected credit losses in respect of undrawn exposures | Retail – credit cards | ||
FINANCIAL RISK MANAGEMENT (Details) - Schedule of Credit Quality of Assets [Line Items] | ||
Loans and advances to customers | 0 | 0 |
POCI £m | Expected credit losses in respect of undrawn exposures | Retail – loans and overdrafts | ||
FINANCIAL RISK MANAGEMENT (Details) - Schedule of Credit Quality of Assets [Line Items] | ||
Loans and advances to customers | 0 | 0 |
POCI £m | Expected credit losses in respect of undrawn exposures | Retail – UK Motor Finance | ||
FINANCIAL RISK MANAGEMENT (Details) - Schedule of Credit Quality of Assets [Line Items] | ||
Loans and advances to customers | 0 | 0 |
POCI £m | Expected credit losses in respect of undrawn exposures | Retail – other | ||
FINANCIAL RISK MANAGEMENT (Details) - Schedule of Credit Quality of Assets [Line Items] | ||
Loans and advances to customers | 0 | 0 |
POCI £m | Expected credit losses in respect of undrawn exposures | Total Retail | ||
FINANCIAL RISK MANAGEMENT (Details) - Schedule of Credit Quality of Assets [Line Items] | ||
Loans and advances to customers | 0 | 0 |
POCI £m | Expected credit losses in respect of undrawn exposures | Commercial Banking | ||
FINANCIAL RISK MANAGEMENT (Details) - Schedule of Credit Quality of Assets [Line Items] | ||
Loans and advances to customers | 0 | 0 |
POCI £m | Expected credit losses in respect of undrawn exposures | Other £m | ||
FINANCIAL RISK MANAGEMENT (Details) - Schedule of Credit Quality of Assets [Line Items] | ||
Loans and advances to customers | 0 | 0 |
CMS 1–5 | Gross drawn exposures | ||
FINANCIAL RISK MANAGEMENT (Details) - Schedule of Credit Quality of Assets [Line Items] | ||
Loans and advances to banks | 1,093 | 4,108 |
CMS 1–5 | Gross drawn exposures | Commercial Banking | ||
FINANCIAL RISK MANAGEMENT (Details) - Schedule of Credit Quality of Assets [Line Items] | ||
Loans and advances to customers | 11,920 | 11,712 |
CMS 1–5 | Gross drawn exposures | Banks | ||
FINANCIAL RISK MANAGEMENT (Details) - Schedule of Credit Quality of Assets [Line Items] | ||
Reverse repurchase agreements | 3,292 | 2,901 |
CMS 1–5 | Gross drawn exposures | Customers | ||
FINANCIAL RISK MANAGEMENT (Details) - Schedule of Credit Quality of Assets [Line Items] | ||
Reverse repurchase agreements | 3,752 | 10,399 |
CMS 1–5 | Expected credit losses in respect of drawn exposures | ||
FINANCIAL RISK MANAGEMENT (Details) - Schedule of Credit Quality of Assets [Line Items] | ||
Loans and advances to banks | 0 | 0 |
CMS 1–5 | Expected credit losses in respect of drawn exposures | Commercial Banking | ||
FINANCIAL RISK MANAGEMENT (Details) - Schedule of Credit Quality of Assets [Line Items] | ||
Loans and advances to customers | 2 | 1 |
CMS 1–5 | Expected credit losses in respect of drawn exposures | Banks | ||
FINANCIAL RISK MANAGEMENT (Details) - Schedule of Credit Quality of Assets [Line Items] | ||
Reverse repurchase agreements | 0 | 0 |
CMS 1–5 | Expected credit losses in respect of drawn exposures | Customers | ||
FINANCIAL RISK MANAGEMENT (Details) - Schedule of Credit Quality of Assets [Line Items] | ||
Reverse repurchase agreements | 0 | 0 |
CMS 1–5 | Gross undrawn exposures | Commercial Banking | ||
FINANCIAL RISK MANAGEMENT (Details) - Schedule of Credit Quality of Assets [Line Items] | ||
Loans and advances to customers | 15,266 | 18,994 |
CMS 1–5 | Gross undrawn exposures | Other £m | ||
FINANCIAL RISK MANAGEMENT (Details) - Schedule of Credit Quality of Assets [Line Items] | ||
Loans and advances to customers | 2 | 0 |
CMS 1–5 | Expected credit losses in respect of undrawn exposures | Commercial Banking | ||
FINANCIAL RISK MANAGEMENT (Details) - Schedule of Credit Quality of Assets [Line Items] | ||
Loans and advances to customers | 1 | 1 |
CMS 1–5 | Expected credit losses in respect of undrawn exposures | Other £m | ||
FINANCIAL RISK MANAGEMENT (Details) - Schedule of Credit Quality of Assets [Line Items] | ||
Loans and advances to customers | 0 | 0 |
CMS 1–5 | Stage 1 £m | Gross drawn exposures | ||
FINANCIAL RISK MANAGEMENT (Details) - Schedule of Credit Quality of Assets [Line Items] | ||
Loans and advances to banks | 1,093 | 4,108 |
CMS 1–5 | Stage 1 £m | Gross drawn exposures | Commercial Banking | ||
FINANCIAL RISK MANAGEMENT (Details) - Schedule of Credit Quality of Assets [Line Items] | ||
Loans and advances to customers | 11,906 | 11,678 |
CMS 1–5 | Stage 1 £m | Gross drawn exposures | Banks | ||
FINANCIAL RISK MANAGEMENT (Details) - Schedule of Credit Quality of Assets [Line Items] | ||
Reverse repurchase agreements | 3,292 | 2,901 |
CMS 1–5 | Stage 1 £m | Gross drawn exposures | Customers | ||
FINANCIAL RISK MANAGEMENT (Details) - Schedule of Credit Quality of Assets [Line Items] | ||
Reverse repurchase agreements | 3,752 | 10,399 |
CMS 1–5 | Stage 1 £m | Expected credit losses in respect of drawn exposures | ||
FINANCIAL RISK MANAGEMENT (Details) - Schedule of Credit Quality of Assets [Line Items] | ||
Loans and advances to banks | 0 | 0 |
CMS 1–5 | Stage 1 £m | Expected credit losses in respect of drawn exposures | Commercial Banking | ||
FINANCIAL RISK MANAGEMENT (Details) - Schedule of Credit Quality of Assets [Line Items] | ||
Loans and advances to customers | 2 | 1 |
CMS 1–5 | Stage 1 £m | Expected credit losses in respect of drawn exposures | Banks | ||
FINANCIAL RISK MANAGEMENT (Details) - Schedule of Credit Quality of Assets [Line Items] | ||
Reverse repurchase agreements | 0 | 0 |
CMS 1–5 | Stage 1 £m | Expected credit losses in respect of drawn exposures | Customers | ||
FINANCIAL RISK MANAGEMENT (Details) - Schedule of Credit Quality of Assets [Line Items] | ||
Reverse repurchase agreements | 0 | 0 |
CMS 1–5 | Stage 1 £m | Gross undrawn exposures | Commercial Banking | ||
FINANCIAL RISK MANAGEMENT (Details) - Schedule of Credit Quality of Assets [Line Items] | ||
Loans and advances to customers | 15,266 | 18,993 |
CMS 1–5 | Stage 1 £m | Gross undrawn exposures | Other £m | ||
FINANCIAL RISK MANAGEMENT (Details) - Schedule of Credit Quality of Assets [Line Items] | ||
Loans and advances to customers | 2 | 0 |
CMS 1–5 | Stage 1 £m | Expected credit losses in respect of undrawn exposures | Commercial Banking | ||
FINANCIAL RISK MANAGEMENT (Details) - Schedule of Credit Quality of Assets [Line Items] | ||
Loans and advances to customers | 1 | 1 |
CMS 1–5 | Stage 1 £m | Expected credit losses in respect of undrawn exposures | Other £m | ||
FINANCIAL RISK MANAGEMENT (Details) - Schedule of Credit Quality of Assets [Line Items] | ||
Loans and advances to customers | 0 | 0 |
CMS 1–5 | Stage 2 £m | Gross drawn exposures | ||
FINANCIAL RISK MANAGEMENT (Details) - Schedule of Credit Quality of Assets [Line Items] | ||
Loans and advances to banks | 0 | 0 |
CMS 1–5 | Stage 2 £m | Gross drawn exposures | Commercial Banking | ||
FINANCIAL RISK MANAGEMENT (Details) - Schedule of Credit Quality of Assets [Line Items] | ||
Loans and advances to customers | 14 | 34 |
CMS 1–5 | Stage 2 £m | Gross drawn exposures | Banks | ||
FINANCIAL RISK MANAGEMENT (Details) - Schedule of Credit Quality of Assets [Line Items] | ||
Reverse repurchase agreements | 0 | 0 |
CMS 1–5 | Stage 2 £m | Gross drawn exposures | Customers | ||
FINANCIAL RISK MANAGEMENT (Details) - Schedule of Credit Quality of Assets [Line Items] | ||
Reverse repurchase agreements | 0 | 0 |
CMS 1–5 | Stage 2 £m | Expected credit losses in respect of drawn exposures | ||
FINANCIAL RISK MANAGEMENT (Details) - Schedule of Credit Quality of Assets [Line Items] | ||
Loans and advances to banks | 0 | 0 |
CMS 1–5 | Stage 2 £m | Expected credit losses in respect of drawn exposures | Commercial Banking | ||
FINANCIAL RISK MANAGEMENT (Details) - Schedule of Credit Quality of Assets [Line Items] | ||
Loans and advances to customers | 0 | 0 |
CMS 1–5 | Stage 2 £m | Expected credit losses in respect of drawn exposures | Banks | ||
FINANCIAL RISK MANAGEMENT (Details) - Schedule of Credit Quality of Assets [Line Items] | ||
Reverse repurchase agreements | 0 | 0 |
CMS 1–5 | Stage 2 £m | Expected credit losses in respect of drawn exposures | Customers | ||
FINANCIAL RISK MANAGEMENT (Details) - Schedule of Credit Quality of Assets [Line Items] | ||
Reverse repurchase agreements | 0 | 0 |
CMS 1–5 | Stage 2 £m | Gross undrawn exposures | Commercial Banking | ||
FINANCIAL RISK MANAGEMENT (Details) - Schedule of Credit Quality of Assets [Line Items] | ||
Loans and advances to customers | 0 | 1 |
CMS 1–5 | Stage 2 £m | Gross undrawn exposures | Other £m | ||
FINANCIAL RISK MANAGEMENT (Details) - Schedule of Credit Quality of Assets [Line Items] | ||
Loans and advances to customers | 0 | 0 |
CMS 1–5 | Stage 2 £m | Expected credit losses in respect of undrawn exposures | Commercial Banking | ||
FINANCIAL RISK MANAGEMENT (Details) - Schedule of Credit Quality of Assets [Line Items] | ||
Loans and advances to customers | 0 | 0 |
CMS 1–5 | Stage 2 £m | Expected credit losses in respect of undrawn exposures | Other £m | ||
FINANCIAL RISK MANAGEMENT (Details) - Schedule of Credit Quality of Assets [Line Items] | ||
Loans and advances to customers | 0 | 0 |
CMS 1–5 | Stage 3 £m | Gross drawn exposures | ||
FINANCIAL RISK MANAGEMENT (Details) - Schedule of Credit Quality of Assets [Line Items] | ||
Loans and advances to banks | 0 | 0 |
CMS 1–5 | Stage 3 £m | Gross drawn exposures | Commercial Banking | ||
FINANCIAL RISK MANAGEMENT (Details) - Schedule of Credit Quality of Assets [Line Items] | ||
Loans and advances to customers | 0 | 0 |
CMS 1–5 | Stage 3 £m | Gross drawn exposures | Banks | ||
FINANCIAL RISK MANAGEMENT (Details) - Schedule of Credit Quality of Assets [Line Items] | ||
Reverse repurchase agreements | 0 | 0 |
CMS 1–5 | Stage 3 £m | Gross drawn exposures | Customers | ||
FINANCIAL RISK MANAGEMENT (Details) - Schedule of Credit Quality of Assets [Line Items] | ||
Reverse repurchase agreements | 0 | 0 |
CMS 1–5 | Stage 3 £m | Expected credit losses in respect of drawn exposures | ||
FINANCIAL RISK MANAGEMENT (Details) - Schedule of Credit Quality of Assets [Line Items] | ||
Loans and advances to banks | 0 | 0 |
CMS 1–5 | Stage 3 £m | Expected credit losses in respect of drawn exposures | Commercial Banking | ||
FINANCIAL RISK MANAGEMENT (Details) - Schedule of Credit Quality of Assets [Line Items] | ||
Loans and advances to customers | 0 | 0 |
CMS 1–5 | Stage 3 £m | Expected credit losses in respect of drawn exposures | Banks | ||
FINANCIAL RISK MANAGEMENT (Details) - Schedule of Credit Quality of Assets [Line Items] | ||
Reverse repurchase agreements | 0 | 0 |
CMS 1–5 | Stage 3 £m | Expected credit losses in respect of drawn exposures | Customers | ||
FINANCIAL RISK MANAGEMENT (Details) - Schedule of Credit Quality of Assets [Line Items] | ||
Reverse repurchase agreements | 0 | 0 |
CMS 1–5 | Stage 3 £m | Gross undrawn exposures | Commercial Banking | ||
FINANCIAL RISK MANAGEMENT (Details) - Schedule of Credit Quality of Assets [Line Items] | ||
Loans and advances to customers | 0 | 0 |
CMS 1–5 | Stage 3 £m | Gross undrawn exposures | Other £m | ||
FINANCIAL RISK MANAGEMENT (Details) - Schedule of Credit Quality of Assets [Line Items] | ||
Loans and advances to customers | 0 | 0 |
CMS 1–5 | Stage 3 £m | Expected credit losses in respect of undrawn exposures | Commercial Banking | ||
FINANCIAL RISK MANAGEMENT (Details) - Schedule of Credit Quality of Assets [Line Items] | ||
Loans and advances to customers | 0 | 0 |
CMS 1–5 | Stage 3 £m | Expected credit losses in respect of undrawn exposures | Other £m | ||
FINANCIAL RISK MANAGEMENT (Details) - Schedule of Credit Quality of Assets [Line Items] | ||
Loans and advances to customers | 0 | 0 |
CMS 1–5 | POCI £m | Gross drawn exposures | ||
FINANCIAL RISK MANAGEMENT (Details) - Schedule of Credit Quality of Assets [Line Items] | ||
Loans and advances to banks | 0 | 0 |
CMS 1–5 | POCI £m | Gross drawn exposures | Commercial Banking | ||
FINANCIAL RISK MANAGEMENT (Details) - Schedule of Credit Quality of Assets [Line Items] | ||
Loans and advances to customers | 0 | 0 |
CMS 1–5 | POCI £m | Gross drawn exposures | Banks | ||
FINANCIAL RISK MANAGEMENT (Details) - Schedule of Credit Quality of Assets [Line Items] | ||
Reverse repurchase agreements | 0 | 0 |
CMS 1–5 | POCI £m | Gross drawn exposures | Customers | ||
FINANCIAL RISK MANAGEMENT (Details) - Schedule of Credit Quality of Assets [Line Items] | ||
Reverse repurchase agreements | 0 | 0 |
CMS 1–5 | POCI £m | Expected credit losses in respect of drawn exposures | ||
FINANCIAL RISK MANAGEMENT (Details) - Schedule of Credit Quality of Assets [Line Items] | ||
Loans and advances to banks | 0 | 0 |
CMS 1–5 | POCI £m | Expected credit losses in respect of drawn exposures | Commercial Banking | ||
FINANCIAL RISK MANAGEMENT (Details) - Schedule of Credit Quality of Assets [Line Items] | ||
Loans and advances to customers | 0 | 0 |
CMS 1–5 | POCI £m | Expected credit losses in respect of drawn exposures | Banks | ||
FINANCIAL RISK MANAGEMENT (Details) - Schedule of Credit Quality of Assets [Line Items] | ||
Reverse repurchase agreements | 0 | 0 |
CMS 1–5 | POCI £m | Expected credit losses in respect of drawn exposures | Customers | ||
FINANCIAL RISK MANAGEMENT (Details) - Schedule of Credit Quality of Assets [Line Items] | ||
Reverse repurchase agreements | 0 | 0 |
CMS 1–5 | POCI £m | Gross undrawn exposures | Commercial Banking | ||
FINANCIAL RISK MANAGEMENT (Details) - Schedule of Credit Quality of Assets [Line Items] | ||
Loans and advances to customers | 0 | 0 |
CMS 1–5 | POCI £m | Gross undrawn exposures | Other £m | ||
FINANCIAL RISK MANAGEMENT (Details) - Schedule of Credit Quality of Assets [Line Items] | ||
Loans and advances to customers | 0 | 0 |
CMS 1–5 | POCI £m | Expected credit losses in respect of undrawn exposures | Commercial Banking | ||
FINANCIAL RISK MANAGEMENT (Details) - Schedule of Credit Quality of Assets [Line Items] | ||
Loans and advances to customers | 0 | 0 |
CMS 1–5 | POCI £m | Expected credit losses in respect of undrawn exposures | Other £m | ||
FINANCIAL RISK MANAGEMENT (Details) - Schedule of Credit Quality of Assets [Line Items] | ||
Loans and advances to customers | 0 | 0 |
CMS 6–10 | Gross drawn exposures | ||
FINANCIAL RISK MANAGEMENT (Details) - Schedule of Credit Quality of Assets [Line Items] | ||
Loans and advances to banks | 7,263 | 368 |
CMS 6–10 | Gross drawn exposures | Commercial Banking | ||
FINANCIAL RISK MANAGEMENT (Details) - Schedule of Credit Quality of Assets [Line Items] | ||
Loans and advances to customers | 16,982 | 20,131 |
CMS 6–10 | Gross drawn exposures | Banks | ||
FINANCIAL RISK MANAGEMENT (Details) - Schedule of Credit Quality of Assets [Line Items] | ||
Reverse repurchase agreements | 258 | 95 |
CMS 6–10 | Gross drawn exposures | Customers | ||
FINANCIAL RISK MANAGEMENT (Details) - Schedule of Credit Quality of Assets [Line Items] | ||
Reverse repurchase agreements | 31,957 | 36,313 |
CMS 6–10 | Expected credit losses in respect of drawn exposures | ||
FINANCIAL RISK MANAGEMENT (Details) - Schedule of Credit Quality of Assets [Line Items] | ||
Loans and advances to banks | 9 | 0 |
CMS 6–10 | Expected credit losses in respect of drawn exposures | Commercial Banking | ||
FINANCIAL RISK MANAGEMENT (Details) - Schedule of Credit Quality of Assets [Line Items] | ||
Loans and advances to customers | 23 | 21 |
CMS 6–10 | Expected credit losses in respect of drawn exposures | Banks | ||
FINANCIAL RISK MANAGEMENT (Details) - Schedule of Credit Quality of Assets [Line Items] | ||
Reverse repurchase agreements | 0 | 0 |
CMS 6–10 | Expected credit losses in respect of drawn exposures | Customers | ||
FINANCIAL RISK MANAGEMENT (Details) - Schedule of Credit Quality of Assets [Line Items] | ||
Reverse repurchase agreements | 0 | 0 |
CMS 6–10 | Gross undrawn exposures | Commercial Banking | ||
FINANCIAL RISK MANAGEMENT (Details) - Schedule of Credit Quality of Assets [Line Items] | ||
Loans and advances to customers | 16,542 | 13,033 |
CMS 6–10 | Gross undrawn exposures | Other £m | ||
FINANCIAL RISK MANAGEMENT (Details) - Schedule of Credit Quality of Assets [Line Items] | ||
Loans and advances to customers | 0 | 501 |
CMS 6–10 | Expected credit losses in respect of undrawn exposures | Commercial Banking | ||
FINANCIAL RISK MANAGEMENT (Details) - Schedule of Credit Quality of Assets [Line Items] | ||
Loans and advances to customers | 13 | 13 |
CMS 6–10 | Expected credit losses in respect of undrawn exposures | Other £m | ||
FINANCIAL RISK MANAGEMENT (Details) - Schedule of Credit Quality of Assets [Line Items] | ||
Loans and advances to customers | 0 | 0 |
CMS 6–10 | Stage 1 £m | Gross drawn exposures | ||
FINANCIAL RISK MANAGEMENT (Details) - Schedule of Credit Quality of Assets [Line Items] | ||
Loans and advances to banks | 7,263 | 368 |
CMS 6–10 | Stage 1 £m | Gross drawn exposures | Commercial Banking | ||
FINANCIAL RISK MANAGEMENT (Details) - Schedule of Credit Quality of Assets [Line Items] | ||
Loans and advances to customers | 16,689 | 19,822 |
CMS 6–10 | Stage 1 £m | Gross drawn exposures | Banks | ||
FINANCIAL RISK MANAGEMENT (Details) - Schedule of Credit Quality of Assets [Line Items] | ||
Reverse repurchase agreements | 258 | 95 |
CMS 6–10 | Stage 1 £m | Gross drawn exposures | Customers | ||
FINANCIAL RISK MANAGEMENT (Details) - Schedule of Credit Quality of Assets [Line Items] | ||
Reverse repurchase agreements | 31,957 | 36,313 |
CMS 6–10 | Stage 1 £m | Expected credit losses in respect of drawn exposures | ||
FINANCIAL RISK MANAGEMENT (Details) - Schedule of Credit Quality of Assets [Line Items] | ||
Loans and advances to banks | 9 | 0 |
CMS 6–10 | Stage 1 £m | Expected credit losses in respect of drawn exposures | Commercial Banking | ||
FINANCIAL RISK MANAGEMENT (Details) - Schedule of Credit Quality of Assets [Line Items] | ||
Loans and advances to customers | 21 | 21 |
CMS 6–10 | Stage 1 £m | Expected credit losses in respect of drawn exposures | Banks | ||
FINANCIAL RISK MANAGEMENT (Details) - Schedule of Credit Quality of Assets [Line Items] | ||
Reverse repurchase agreements | 0 | 0 |
CMS 6–10 | Stage 1 £m | Expected credit losses in respect of drawn exposures | Customers | ||
FINANCIAL RISK MANAGEMENT (Details) - Schedule of Credit Quality of Assets [Line Items] | ||
Reverse repurchase agreements | 0 | 0 |
CMS 6–10 | Stage 1 £m | Gross undrawn exposures | Commercial Banking | ||
FINANCIAL RISK MANAGEMENT (Details) - Schedule of Credit Quality of Assets [Line Items] | ||
Loans and advances to customers | 16,508 | 12,986 |
CMS 6–10 | Stage 1 £m | Gross undrawn exposures | Other £m | ||
FINANCIAL RISK MANAGEMENT (Details) - Schedule of Credit Quality of Assets [Line Items] | ||
Loans and advances to customers | 0 | 501 |
CMS 6–10 | Stage 1 £m | Expected credit losses in respect of undrawn exposures | Commercial Banking | ||
FINANCIAL RISK MANAGEMENT (Details) - Schedule of Credit Quality of Assets [Line Items] | ||
Loans and advances to customers | 11 | 13 |
CMS 6–10 | Stage 1 £m | Expected credit losses in respect of undrawn exposures | Other £m | ||
FINANCIAL RISK MANAGEMENT (Details) - Schedule of Credit Quality of Assets [Line Items] | ||
Loans and advances to customers | 0 | 0 |
CMS 6–10 | Stage 2 £m | Gross drawn exposures | ||
FINANCIAL RISK MANAGEMENT (Details) - Schedule of Credit Quality of Assets [Line Items] | ||
Loans and advances to banks | 0 | 0 |
CMS 6–10 | Stage 2 £m | Gross drawn exposures | Commercial Banking | ||
FINANCIAL RISK MANAGEMENT (Details) - Schedule of Credit Quality of Assets [Line Items] | ||
Loans and advances to customers | 293 | 309 |
CMS 6–10 | Stage 2 £m | Gross drawn exposures | Banks | ||
FINANCIAL RISK MANAGEMENT (Details) - Schedule of Credit Quality of Assets [Line Items] | ||
Reverse repurchase agreements | 0 | 0 |
CMS 6–10 | Stage 2 £m | Gross drawn exposures | Customers | ||
FINANCIAL RISK MANAGEMENT (Details) - Schedule of Credit Quality of Assets [Line Items] | ||
Reverse repurchase agreements | 0 | 0 |
CMS 6–10 | Stage 2 £m | Expected credit losses in respect of drawn exposures | ||
FINANCIAL RISK MANAGEMENT (Details) - Schedule of Credit Quality of Assets [Line Items] | ||
Loans and advances to banks | 0 | 0 |
CMS 6–10 | Stage 2 £m | Expected credit losses in respect of drawn exposures | Commercial Banking | ||
FINANCIAL RISK MANAGEMENT (Details) - Schedule of Credit Quality of Assets [Line Items] | ||
Loans and advances to customers | 2 | 0 |
CMS 6–10 | Stage 2 £m | Expected credit losses in respect of drawn exposures | Banks | ||
FINANCIAL RISK MANAGEMENT (Details) - Schedule of Credit Quality of Assets [Line Items] | ||
Reverse repurchase agreements | 0 | 0 |
CMS 6–10 | Stage 2 £m | Expected credit losses in respect of drawn exposures | Customers | ||
FINANCIAL RISK MANAGEMENT (Details) - Schedule of Credit Quality of Assets [Line Items] | ||
Reverse repurchase agreements | 0 | 0 |
CMS 6–10 | Stage 2 £m | Gross undrawn exposures | Commercial Banking | ||
FINANCIAL RISK MANAGEMENT (Details) - Schedule of Credit Quality of Assets [Line Items] | ||
Loans and advances to customers | 34 | 47 |
CMS 6–10 | Stage 2 £m | Gross undrawn exposures | Other £m | ||
FINANCIAL RISK MANAGEMENT (Details) - Schedule of Credit Quality of Assets [Line Items] | ||
Loans and advances to customers | 0 | 0 |
CMS 6–10 | Stage 2 £m | Expected credit losses in respect of undrawn exposures | Commercial Banking | ||
FINANCIAL RISK MANAGEMENT (Details) - Schedule of Credit Quality of Assets [Line Items] | ||
Loans and advances to customers | 2 | 0 |
CMS 6–10 | Stage 2 £m | Expected credit losses in respect of undrawn exposures | Other £m | ||
FINANCIAL RISK MANAGEMENT (Details) - Schedule of Credit Quality of Assets [Line Items] | ||
Loans and advances to customers | 0 | 0 |
CMS 6–10 | Stage 3 £m | Gross drawn exposures | ||
FINANCIAL RISK MANAGEMENT (Details) - Schedule of Credit Quality of Assets [Line Items] | ||
Loans and advances to banks | 0 | 0 |
CMS 6–10 | Stage 3 £m | Gross drawn exposures | Commercial Banking | ||
FINANCIAL RISK MANAGEMENT (Details) - Schedule of Credit Quality of Assets [Line Items] | ||
Loans and advances to customers | 0 | 0 |
CMS 6–10 | Stage 3 £m | Gross drawn exposures | Banks | ||
FINANCIAL RISK MANAGEMENT (Details) - Schedule of Credit Quality of Assets [Line Items] | ||
Reverse repurchase agreements | 0 | 0 |
CMS 6–10 | Stage 3 £m | Gross drawn exposures | Customers | ||
FINANCIAL RISK MANAGEMENT (Details) - Schedule of Credit Quality of Assets [Line Items] | ||
Reverse repurchase agreements | 0 | 0 |
CMS 6–10 | Stage 3 £m | Expected credit losses in respect of drawn exposures | ||
FINANCIAL RISK MANAGEMENT (Details) - Schedule of Credit Quality of Assets [Line Items] | ||
Loans and advances to banks | 0 | 0 |
CMS 6–10 | Stage 3 £m | Expected credit losses in respect of drawn exposures | Commercial Banking | ||
FINANCIAL RISK MANAGEMENT (Details) - Schedule of Credit Quality of Assets [Line Items] | ||
Loans and advances to customers | 0 | 0 |
CMS 6–10 | Stage 3 £m | Expected credit losses in respect of drawn exposures | Banks | ||
FINANCIAL RISK MANAGEMENT (Details) - Schedule of Credit Quality of Assets [Line Items] | ||
Reverse repurchase agreements | 0 | 0 |
CMS 6–10 | Stage 3 £m | Expected credit losses in respect of drawn exposures | Customers | ||
FINANCIAL RISK MANAGEMENT (Details) - Schedule of Credit Quality of Assets [Line Items] | ||
Reverse repurchase agreements | 0 | 0 |
CMS 6–10 | Stage 3 £m | Gross undrawn exposures | Commercial Banking | ||
FINANCIAL RISK MANAGEMENT (Details) - Schedule of Credit Quality of Assets [Line Items] | ||
Loans and advances to customers | 0 | 0 |
CMS 6–10 | Stage 3 £m | Gross undrawn exposures | Other £m | ||
FINANCIAL RISK MANAGEMENT (Details) - Schedule of Credit Quality of Assets [Line Items] | ||
Loans and advances to customers | 0 | 0 |
CMS 6–10 | Stage 3 £m | Expected credit losses in respect of undrawn exposures | Commercial Banking | ||
FINANCIAL RISK MANAGEMENT (Details) - Schedule of Credit Quality of Assets [Line Items] | ||
Loans and advances to customers | 0 | 0 |
CMS 6–10 | Stage 3 £m | Expected credit losses in respect of undrawn exposures | Other £m | ||
FINANCIAL RISK MANAGEMENT (Details) - Schedule of Credit Quality of Assets [Line Items] | ||
Loans and advances to customers | 0 | 0 |
CMS 6–10 | POCI £m | Gross drawn exposures | ||
FINANCIAL RISK MANAGEMENT (Details) - Schedule of Credit Quality of Assets [Line Items] | ||
Loans and advances to banks | 0 | 0 |
CMS 6–10 | POCI £m | Gross drawn exposures | Commercial Banking | ||
FINANCIAL RISK MANAGEMENT (Details) - Schedule of Credit Quality of Assets [Line Items] | ||
Loans and advances to customers | 0 | 0 |
CMS 6–10 | POCI £m | Gross drawn exposures | Banks | ||
FINANCIAL RISK MANAGEMENT (Details) - Schedule of Credit Quality of Assets [Line Items] | ||
Reverse repurchase agreements | 0 | 0 |
CMS 6–10 | POCI £m | Gross drawn exposures | Customers | ||
FINANCIAL RISK MANAGEMENT (Details) - Schedule of Credit Quality of Assets [Line Items] | ||
Reverse repurchase agreements | 0 | 0 |
CMS 6–10 | POCI £m | Expected credit losses in respect of drawn exposures | ||
FINANCIAL RISK MANAGEMENT (Details) - Schedule of Credit Quality of Assets [Line Items] | ||
Loans and advances to banks | 0 | 0 |
CMS 6–10 | POCI £m | Expected credit losses in respect of drawn exposures | Commercial Banking | ||
FINANCIAL RISK MANAGEMENT (Details) - Schedule of Credit Quality of Assets [Line Items] | ||
Loans and advances to customers | 0 | 0 |
CMS 6–10 | POCI £m | Expected credit losses in respect of drawn exposures | Banks | ||
FINANCIAL RISK MANAGEMENT (Details) - Schedule of Credit Quality of Assets [Line Items] | ||
Reverse repurchase agreements | 0 | 0 |
CMS 6–10 | POCI £m | Expected credit losses in respect of drawn exposures | Customers | ||
FINANCIAL RISK MANAGEMENT (Details) - Schedule of Credit Quality of Assets [Line Items] | ||
Reverse repurchase agreements | 0 | 0 |
CMS 6–10 | POCI £m | Gross undrawn exposures | Commercial Banking | ||
FINANCIAL RISK MANAGEMENT (Details) - Schedule of Credit Quality of Assets [Line Items] | ||
Loans and advances to customers | 0 | 0 |
CMS 6–10 | POCI £m | Gross undrawn exposures | Other £m | ||
FINANCIAL RISK MANAGEMENT (Details) - Schedule of Credit Quality of Assets [Line Items] | ||
Loans and advances to customers | 0 | 0 |
CMS 6–10 | POCI £m | Expected credit losses in respect of undrawn exposures | Commercial Banking | ||
FINANCIAL RISK MANAGEMENT (Details) - Schedule of Credit Quality of Assets [Line Items] | ||
Loans and advances to customers | 0 | 0 |
CMS 6–10 | POCI £m | Expected credit losses in respect of undrawn exposures | Other £m | ||
FINANCIAL RISK MANAGEMENT (Details) - Schedule of Credit Quality of Assets [Line Items] | ||
Loans and advances to customers | 0 | 0 |
CMS 11–14 | Gross drawn exposures | ||
FINANCIAL RISK MANAGEMENT (Details) - Schedule of Credit Quality of Assets [Line Items] | ||
Loans and advances to banks | 16 | 2 |
CMS 11–14 | Gross drawn exposures | Commercial Banking | ||
FINANCIAL RISK MANAGEMENT (Details) - Schedule of Credit Quality of Assets [Line Items] | ||
Loans and advances to customers | 35,609 | 35,432 |
CMS 11–14 | Gross drawn exposures | Banks | ||
FINANCIAL RISK MANAGEMENT (Details) - Schedule of Credit Quality of Assets [Line Items] | ||
Reverse repurchase agreements | 0 | 0 |
CMS 11–14 | Gross drawn exposures | Customers | ||
FINANCIAL RISK MANAGEMENT (Details) - Schedule of Credit Quality of Assets [Line Items] | ||
Reverse repurchase agreements | 0 | 0 |
CMS 11–14 | Expected credit losses in respect of drawn exposures | ||
FINANCIAL RISK MANAGEMENT (Details) - Schedule of Credit Quality of Assets [Line Items] | ||
Loans and advances to banks | 0 | 0 |
CMS 11–14 | Expected credit losses in respect of drawn exposures | Commercial Banking | ||
FINANCIAL RISK MANAGEMENT (Details) - Schedule of Credit Quality of Assets [Line Items] | ||
Loans and advances to customers | 206 | 159 |
CMS 11–14 | Expected credit losses in respect of drawn exposures | Banks | ||
FINANCIAL RISK MANAGEMENT (Details) - Schedule of Credit Quality of Assets [Line Items] | ||
Reverse repurchase agreements | 0 | 0 |
CMS 11–14 | Expected credit losses in respect of drawn exposures | Customers | ||
FINANCIAL RISK MANAGEMENT (Details) - Schedule of Credit Quality of Assets [Line Items] | ||
Reverse repurchase agreements | 0 | 0 |
CMS 11–14 | Gross undrawn exposures | Commercial Banking | ||
FINANCIAL RISK MANAGEMENT (Details) - Schedule of Credit Quality of Assets [Line Items] | ||
Loans and advances to customers | 9,953 | 8,449 |
CMS 11–14 | Gross undrawn exposures | Other £m | ||
FINANCIAL RISK MANAGEMENT (Details) - Schedule of Credit Quality of Assets [Line Items] | ||
Loans and advances to customers | 0 | 0 |
CMS 11–14 | Expected credit losses in respect of undrawn exposures | Commercial Banking | ||
FINANCIAL RISK MANAGEMENT (Details) - Schedule of Credit Quality of Assets [Line Items] | ||
Loans and advances to customers | 54 | 39 |
CMS 11–14 | Expected credit losses in respect of undrawn exposures | Other £m | ||
FINANCIAL RISK MANAGEMENT (Details) - Schedule of Credit Quality of Assets [Line Items] | ||
Loans and advances to customers | 0 | 0 |
CMS 11–14 | Stage 1 £m | Gross drawn exposures | ||
FINANCIAL RISK MANAGEMENT (Details) - Schedule of Credit Quality of Assets [Line Items] | ||
Loans and advances to banks | 13 | 2 |
CMS 11–14 | Stage 1 £m | Gross drawn exposures | Commercial Banking | ||
FINANCIAL RISK MANAGEMENT (Details) - Schedule of Credit Quality of Assets [Line Items] | ||
Loans and advances to customers | 30,646 | 31,979 |
CMS 11–14 | Stage 1 £m | Gross drawn exposures | Banks | ||
FINANCIAL RISK MANAGEMENT (Details) - Schedule of Credit Quality of Assets [Line Items] | ||
Reverse repurchase agreements | 0 | 0 |
CMS 11–14 | Stage 1 £m | Gross drawn exposures | Customers | ||
FINANCIAL RISK MANAGEMENT (Details) - Schedule of Credit Quality of Assets [Line Items] | ||
Reverse repurchase agreements | 0 | 0 |
CMS 11–14 | Stage 1 £m | Expected credit losses in respect of drawn exposures | ||
FINANCIAL RISK MANAGEMENT (Details) - Schedule of Credit Quality of Assets [Line Items] | ||
Loans and advances to banks | 0 | 0 |
CMS 11–14 | Stage 1 £m | Expected credit losses in respect of drawn exposures | Commercial Banking | ||
FINANCIAL RISK MANAGEMENT (Details) - Schedule of Credit Quality of Assets [Line Items] | ||
Loans and advances to customers | 123 | 83 |
CMS 11–14 | Stage 1 £m | Expected credit losses in respect of drawn exposures | Banks | ||
FINANCIAL RISK MANAGEMENT (Details) - Schedule of Credit Quality of Assets [Line Items] | ||
Reverse repurchase agreements | 0 | 0 |
CMS 11–14 | Stage 1 £m | Expected credit losses in respect of drawn exposures | Customers | ||
FINANCIAL RISK MANAGEMENT (Details) - Schedule of Credit Quality of Assets [Line Items] | ||
Reverse repurchase agreements | 0 | 0 |
CMS 11–14 | Stage 1 £m | Gross undrawn exposures | Commercial Banking | ||
FINANCIAL RISK MANAGEMENT (Details) - Schedule of Credit Quality of Assets [Line Items] | ||
Loans and advances to customers | 8,657 | 7,237 |
CMS 11–14 | Stage 1 £m | Gross undrawn exposures | Other £m | ||
FINANCIAL RISK MANAGEMENT (Details) - Schedule of Credit Quality of Assets [Line Items] | ||
Loans and advances to customers | 0 | 0 |
CMS 11–14 | Stage 1 £m | Expected credit losses in respect of undrawn exposures | Commercial Banking | ||
FINANCIAL RISK MANAGEMENT (Details) - Schedule of Credit Quality of Assets [Line Items] | ||
Loans and advances to customers | 27 | 21 |
CMS 11–14 | Stage 1 £m | Expected credit losses in respect of undrawn exposures | Other £m | ||
FINANCIAL RISK MANAGEMENT (Details) - Schedule of Credit Quality of Assets [Line Items] | ||
Loans and advances to customers | 0 | 0 |
CMS 11–14 | Stage 2 £m | Gross drawn exposures | ||
FINANCIAL RISK MANAGEMENT (Details) - Schedule of Credit Quality of Assets [Line Items] | ||
Loans and advances to banks | 3 | 0 |
CMS 11–14 | Stage 2 £m | Gross drawn exposures | Commercial Banking | ||
FINANCIAL RISK MANAGEMENT (Details) - Schedule of Credit Quality of Assets [Line Items] | ||
Loans and advances to customers | 4,963 | 3,453 |
CMS 11–14 | Stage 2 £m | Gross drawn exposures | Banks | ||
FINANCIAL RISK MANAGEMENT (Details) - Schedule of Credit Quality of Assets [Line Items] | ||
Reverse repurchase agreements | 0 | 0 |
CMS 11–14 | Stage 2 £m | Gross drawn exposures | Customers | ||
FINANCIAL RISK MANAGEMENT (Details) - Schedule of Credit Quality of Assets [Line Items] | ||
Reverse repurchase agreements | 0 | 0 |
CMS 11–14 | Stage 2 £m | Expected credit losses in respect of drawn exposures | ||
FINANCIAL RISK MANAGEMENT (Details) - Schedule of Credit Quality of Assets [Line Items] | ||
Loans and advances to banks | 0 | 0 |
CMS 11–14 | Stage 2 £m | Expected credit losses in respect of drawn exposures | Commercial Banking | ||
FINANCIAL RISK MANAGEMENT (Details) - Schedule of Credit Quality of Assets [Line Items] | ||
Loans and advances to customers | 83 | 76 |
CMS 11–14 | Stage 2 £m | Expected credit losses in respect of drawn exposures | Banks | ||
FINANCIAL RISK MANAGEMENT (Details) - Schedule of Credit Quality of Assets [Line Items] | ||
Reverse repurchase agreements | 0 | 0 |
CMS 11–14 | Stage 2 £m | Expected credit losses in respect of drawn exposures | Customers | ||
FINANCIAL RISK MANAGEMENT (Details) - Schedule of Credit Quality of Assets [Line Items] | ||
Reverse repurchase agreements | 0 | 0 |
CMS 11–14 | Stage 2 £m | Gross undrawn exposures | Commercial Banking | ||
FINANCIAL RISK MANAGEMENT (Details) - Schedule of Credit Quality of Assets [Line Items] | ||
Loans and advances to customers | 1,296 | 1,212 |
CMS 11–14 | Stage 2 £m | Gross undrawn exposures | Other £m | ||
FINANCIAL RISK MANAGEMENT (Details) - Schedule of Credit Quality of Assets [Line Items] | ||
Loans and advances to customers | 0 | 0 |
CMS 11–14 | Stage 2 £m | Expected credit losses in respect of undrawn exposures | Commercial Banking | ||
FINANCIAL RISK MANAGEMENT (Details) - Schedule of Credit Quality of Assets [Line Items] | ||
Loans and advances to customers | 27 | 18 |
CMS 11–14 | Stage 2 £m | Expected credit losses in respect of undrawn exposures | Other £m | ||
FINANCIAL RISK MANAGEMENT (Details) - Schedule of Credit Quality of Assets [Line Items] | ||
Loans and advances to customers | 0 | 0 |
CMS 11–14 | Stage 3 £m | Gross drawn exposures | ||
FINANCIAL RISK MANAGEMENT (Details) - Schedule of Credit Quality of Assets [Line Items] | ||
Loans and advances to banks | 0 | 0 |
CMS 11–14 | Stage 3 £m | Gross drawn exposures | Commercial Banking | ||
FINANCIAL RISK MANAGEMENT (Details) - Schedule of Credit Quality of Assets [Line Items] | ||
Loans and advances to customers | 0 | 0 |
CMS 11–14 | Stage 3 £m | Gross drawn exposures | Banks | ||
FINANCIAL RISK MANAGEMENT (Details) - Schedule of Credit Quality of Assets [Line Items] | ||
Reverse repurchase agreements | 0 | 0 |
CMS 11–14 | Stage 3 £m | Gross drawn exposures | Customers | ||
FINANCIAL RISK MANAGEMENT (Details) - Schedule of Credit Quality of Assets [Line Items] | ||
Reverse repurchase agreements | 0 | 0 |
CMS 11–14 | Stage 3 £m | Expected credit losses in respect of drawn exposures | ||
FINANCIAL RISK MANAGEMENT (Details) - Schedule of Credit Quality of Assets [Line Items] | ||
Loans and advances to banks | 0 | 0 |
CMS 11–14 | Stage 3 £m | Expected credit losses in respect of drawn exposures | Commercial Banking | ||
FINANCIAL RISK MANAGEMENT (Details) - Schedule of Credit Quality of Assets [Line Items] | ||
Loans and advances to customers | 0 | 0 |
CMS 11–14 | Stage 3 £m | Expected credit losses in respect of drawn exposures | Banks | ||
FINANCIAL RISK MANAGEMENT (Details) - Schedule of Credit Quality of Assets [Line Items] | ||
Reverse repurchase agreements | 0 | 0 |
CMS 11–14 | Stage 3 £m | Expected credit losses in respect of drawn exposures | Customers | ||
FINANCIAL RISK MANAGEMENT (Details) - Schedule of Credit Quality of Assets [Line Items] | ||
Reverse repurchase agreements | 0 | 0 |
CMS 11–14 | Stage 3 £m | Gross undrawn exposures | Commercial Banking | ||
FINANCIAL RISK MANAGEMENT (Details) - Schedule of Credit Quality of Assets [Line Items] | ||
Loans and advances to customers | 0 | 0 |
CMS 11–14 | Stage 3 £m | Gross undrawn exposures | Other £m | ||
FINANCIAL RISK MANAGEMENT (Details) - Schedule of Credit Quality of Assets [Line Items] | ||
Loans and advances to customers | 0 | 0 |
CMS 11–14 | Stage 3 £m | Expected credit losses in respect of undrawn exposures | Commercial Banking | ||
FINANCIAL RISK MANAGEMENT (Details) - Schedule of Credit Quality of Assets [Line Items] | ||
Loans and advances to customers | 0 | 0 |
CMS 11–14 | Stage 3 £m | Expected credit losses in respect of undrawn exposures | Other £m | ||
FINANCIAL RISK MANAGEMENT (Details) - Schedule of Credit Quality of Assets [Line Items] | ||
Loans and advances to customers | 0 | 0 |
CMS 11–14 | POCI £m | Gross drawn exposures | ||
FINANCIAL RISK MANAGEMENT (Details) - Schedule of Credit Quality of Assets [Line Items] | ||
Loans and advances to banks | 0 | 0 |
CMS 11–14 | POCI £m | Gross drawn exposures | Commercial Banking | ||
FINANCIAL RISK MANAGEMENT (Details) - Schedule of Credit Quality of Assets [Line Items] | ||
Loans and advances to customers | 0 | 0 |
CMS 11–14 | POCI £m | Gross drawn exposures | Banks | ||
FINANCIAL RISK MANAGEMENT (Details) - Schedule of Credit Quality of Assets [Line Items] | ||
Reverse repurchase agreements | 0 | 0 |
CMS 11–14 | POCI £m | Gross drawn exposures | Customers | ||
FINANCIAL RISK MANAGEMENT (Details) - Schedule of Credit Quality of Assets [Line Items] | ||
Reverse repurchase agreements | 0 | 0 |
CMS 11–14 | POCI £m | Expected credit losses in respect of drawn exposures | ||
FINANCIAL RISK MANAGEMENT (Details) - Schedule of Credit Quality of Assets [Line Items] | ||
Loans and advances to banks | 0 | 0 |
CMS 11–14 | POCI £m | Expected credit losses in respect of drawn exposures | Commercial Banking | ||
FINANCIAL RISK MANAGEMENT (Details) - Schedule of Credit Quality of Assets [Line Items] | ||
Loans and advances to customers | 0 | 0 |
CMS 11–14 | POCI £m | Expected credit losses in respect of drawn exposures | Banks | ||
FINANCIAL RISK MANAGEMENT (Details) - Schedule of Credit Quality of Assets [Line Items] | ||
Reverse repurchase agreements | 0 | 0 |
CMS 11–14 | POCI £m | Expected credit losses in respect of drawn exposures | Customers | ||
FINANCIAL RISK MANAGEMENT (Details) - Schedule of Credit Quality of Assets [Line Items] | ||
Reverse repurchase agreements | 0 | 0 |
CMS 11–14 | POCI £m | Gross undrawn exposures | Commercial Banking | ||
FINANCIAL RISK MANAGEMENT (Details) - Schedule of Credit Quality of Assets [Line Items] | ||
Loans and advances to customers | 0 | 0 |
CMS 11–14 | POCI £m | Gross undrawn exposures | Other £m | ||
FINANCIAL RISK MANAGEMENT (Details) - Schedule of Credit Quality of Assets [Line Items] | ||
Loans and advances to customers | 0 | 0 |
CMS 11–14 | POCI £m | Expected credit losses in respect of undrawn exposures | Commercial Banking | ||
FINANCIAL RISK MANAGEMENT (Details) - Schedule of Credit Quality of Assets [Line Items] | ||
Loans and advances to customers | 0 | 0 |
CMS 11–14 | POCI £m | Expected credit losses in respect of undrawn exposures | Other £m | ||
FINANCIAL RISK MANAGEMENT (Details) - Schedule of Credit Quality of Assets [Line Items] | ||
Loans and advances to customers | 0 | 0 |
CMS 15–18 | Gross drawn exposures | ||
FINANCIAL RISK MANAGEMENT (Details) - Schedule of Credit Quality of Assets [Line Items] | ||
Loans and advances to banks | 0 | 0 |
CMS 15–18 | Gross drawn exposures | Commercial Banking | ||
FINANCIAL RISK MANAGEMENT (Details) - Schedule of Credit Quality of Assets [Line Items] | ||
Loans and advances to customers | 7,609 | 5,013 |
CMS 15–18 | Gross drawn exposures | Banks | ||
FINANCIAL RISK MANAGEMENT (Details) - Schedule of Credit Quality of Assets [Line Items] | ||
Reverse repurchase agreements | 0 | 0 |
CMS 15–18 | Gross drawn exposures | Customers | ||
FINANCIAL RISK MANAGEMENT (Details) - Schedule of Credit Quality of Assets [Line Items] | ||
Reverse repurchase agreements | 0 | 0 |
CMS 15–18 | Expected credit losses in respect of drawn exposures | ||
FINANCIAL RISK MANAGEMENT (Details) - Schedule of Credit Quality of Assets [Line Items] | ||
Loans and advances to banks | 0 | 0 |
CMS 15–18 | Expected credit losses in respect of drawn exposures | Commercial Banking | ||
FINANCIAL RISK MANAGEMENT (Details) - Schedule of Credit Quality of Assets [Line Items] | ||
Loans and advances to customers | 285 | 157 |
CMS 15–18 | Expected credit losses in respect of drawn exposures | Banks | ||
FINANCIAL RISK MANAGEMENT (Details) - Schedule of Credit Quality of Assets [Line Items] | ||
Reverse repurchase agreements | 0 | 0 |
CMS 15–18 | Expected credit losses in respect of drawn exposures | Customers | ||
FINANCIAL RISK MANAGEMENT (Details) - Schedule of Credit Quality of Assets [Line Items] | ||
Reverse repurchase agreements | 0 | 0 |
CMS 15–18 | Gross undrawn exposures | Commercial Banking | ||
FINANCIAL RISK MANAGEMENT (Details) - Schedule of Credit Quality of Assets [Line Items] | ||
Loans and advances to customers | 1,579 | 800 |
CMS 15–18 | Gross undrawn exposures | Other £m | ||
FINANCIAL RISK MANAGEMENT (Details) - Schedule of Credit Quality of Assets [Line Items] | ||
Loans and advances to customers | 0 | 0 |
CMS 15–18 | Expected credit losses in respect of undrawn exposures | Commercial Banking | ||
FINANCIAL RISK MANAGEMENT (Details) - Schedule of Credit Quality of Assets [Line Items] | ||
Loans and advances to customers | 50 | 23 |
CMS 15–18 | Expected credit losses in respect of undrawn exposures | Other £m | ||
FINANCIAL RISK MANAGEMENT (Details) - Schedule of Credit Quality of Assets [Line Items] | ||
Loans and advances to customers | 0 | 0 |
CMS 15–18 | Stage 1 £m | Gross drawn exposures | ||
FINANCIAL RISK MANAGEMENT (Details) - Schedule of Credit Quality of Assets [Line Items] | ||
Loans and advances to banks | 0 | 0 |
CMS 15–18 | Stage 1 £m | Gross drawn exposures | Commercial Banking | ||
FINANCIAL RISK MANAGEMENT (Details) - Schedule of Credit Quality of Assets [Line Items] | ||
Loans and advances to customers | 3,257 | 2,181 |
CMS 15–18 | Stage 1 £m | Gross drawn exposures | Banks | ||
FINANCIAL RISK MANAGEMENT (Details) - Schedule of Credit Quality of Assets [Line Items] | ||
Reverse repurchase agreements | 0 | 0 |
CMS 15–18 | Stage 1 £m | Gross drawn exposures | Customers | ||
FINANCIAL RISK MANAGEMENT (Details) - Schedule of Credit Quality of Assets [Line Items] | ||
Reverse repurchase agreements | 0 | 0 |
CMS 15–18 | Stage 1 £m | Expected credit losses in respect of drawn exposures | ||
FINANCIAL RISK MANAGEMENT (Details) - Schedule of Credit Quality of Assets [Line Items] | ||
Loans and advances to banks | 0 | 0 |
CMS 15–18 | Stage 1 £m | Expected credit losses in respect of drawn exposures | Commercial Banking | ||
FINANCIAL RISK MANAGEMENT (Details) - Schedule of Credit Quality of Assets [Line Items] | ||
Loans and advances to customers | 46 | 14 |
CMS 15–18 | Stage 1 £m | Expected credit losses in respect of drawn exposures | Banks | ||
FINANCIAL RISK MANAGEMENT (Details) - Schedule of Credit Quality of Assets [Line Items] | ||
Reverse repurchase agreements | 0 | 0 |
CMS 15–18 | Stage 1 £m | Expected credit losses in respect of drawn exposures | Customers | ||
FINANCIAL RISK MANAGEMENT (Details) - Schedule of Credit Quality of Assets [Line Items] | ||
Reverse repurchase agreements | 0 | 0 |
CMS 15–18 | Stage 1 £m | Gross undrawn exposures | Commercial Banking | ||
FINANCIAL RISK MANAGEMENT (Details) - Schedule of Credit Quality of Assets [Line Items] | ||
Loans and advances to customers | 779 | 453 |
CMS 15–18 | Stage 1 £m | Gross undrawn exposures | Other £m | ||
FINANCIAL RISK MANAGEMENT (Details) - Schedule of Credit Quality of Assets [Line Items] | ||
Loans and advances to customers | 0 | 0 |
CMS 15–18 | Stage 1 £m | Expected credit losses in respect of undrawn exposures | Commercial Banking | ||
FINANCIAL RISK MANAGEMENT (Details) - Schedule of Credit Quality of Assets [Line Items] | ||
Loans and advances to customers | 8 | 6 |
CMS 15–18 | Stage 1 £m | Expected credit losses in respect of undrawn exposures | Other £m | ||
FINANCIAL RISK MANAGEMENT (Details) - Schedule of Credit Quality of Assets [Line Items] | ||
Loans and advances to customers | 0 | 0 |
CMS 15–18 | Stage 2 £m | Gross drawn exposures | ||
FINANCIAL RISK MANAGEMENT (Details) - Schedule of Credit Quality of Assets [Line Items] | ||
Loans and advances to banks | 0 | 0 |
CMS 15–18 | Stage 2 £m | Gross drawn exposures | Commercial Banking | ||
FINANCIAL RISK MANAGEMENT (Details) - Schedule of Credit Quality of Assets [Line Items] | ||
Loans and advances to customers | 4,352 | 2,832 |
CMS 15–18 | Stage 2 £m | Gross drawn exposures | Banks | ||
FINANCIAL RISK MANAGEMENT (Details) - Schedule of Credit Quality of Assets [Line Items] | ||
Reverse repurchase agreements | 0 | 0 |
CMS 15–18 | Stage 2 £m | Gross drawn exposures | Customers | ||
FINANCIAL RISK MANAGEMENT (Details) - Schedule of Credit Quality of Assets [Line Items] | ||
Reverse repurchase agreements | 0 | 0 |
CMS 15–18 | Stage 2 £m | Expected credit losses in respect of drawn exposures | ||
FINANCIAL RISK MANAGEMENT (Details) - Schedule of Credit Quality of Assets [Line Items] | ||
Loans and advances to banks | 0 | 0 |
CMS 15–18 | Stage 2 £m | Expected credit losses in respect of drawn exposures | Commercial Banking | ||
FINANCIAL RISK MANAGEMENT (Details) - Schedule of Credit Quality of Assets [Line Items] | ||
Loans and advances to customers | 239 | 143 |
CMS 15–18 | Stage 2 £m | Expected credit losses in respect of drawn exposures | Banks | ||
FINANCIAL RISK MANAGEMENT (Details) - Schedule of Credit Quality of Assets [Line Items] | ||
Reverse repurchase agreements | 0 | 0 |
CMS 15–18 | Stage 2 £m | Expected credit losses in respect of drawn exposures | Customers | ||
FINANCIAL RISK MANAGEMENT (Details) - Schedule of Credit Quality of Assets [Line Items] | ||
Reverse repurchase agreements | 0 | 0 |
CMS 15–18 | Stage 2 £m | Gross undrawn exposures | Commercial Banking | ||
FINANCIAL RISK MANAGEMENT (Details) - Schedule of Credit Quality of Assets [Line Items] | ||
Loans and advances to customers | 800 | 347 |
CMS 15–18 | Stage 2 £m | Gross undrawn exposures | Other £m | ||
FINANCIAL RISK MANAGEMENT (Details) - Schedule of Credit Quality of Assets [Line Items] | ||
Loans and advances to customers | 0 | 0 |
CMS 15–18 | Stage 2 £m | Expected credit losses in respect of undrawn exposures | Commercial Banking | ||
FINANCIAL RISK MANAGEMENT (Details) - Schedule of Credit Quality of Assets [Line Items] | ||
Loans and advances to customers | 42 | 17 |
CMS 15–18 | Stage 2 £m | Expected credit losses in respect of undrawn exposures | Other £m | ||
FINANCIAL RISK MANAGEMENT (Details) - Schedule of Credit Quality of Assets [Line Items] | ||
Loans and advances to customers | 0 | 0 |
CMS 15–18 | Stage 3 £m | Gross drawn exposures | ||
FINANCIAL RISK MANAGEMENT (Details) - Schedule of Credit Quality of Assets [Line Items] | ||
Loans and advances to banks | 0 | 0 |
CMS 15–18 | Stage 3 £m | Gross drawn exposures | Commercial Banking | ||
FINANCIAL RISK MANAGEMENT (Details) - Schedule of Credit Quality of Assets [Line Items] | ||
Loans and advances to customers | 0 | 0 |
CMS 15–18 | Stage 3 £m | Gross drawn exposures | Banks | ||
FINANCIAL RISK MANAGEMENT (Details) - Schedule of Credit Quality of Assets [Line Items] | ||
Reverse repurchase agreements | 0 | 0 |
CMS 15–18 | Stage 3 £m | Gross drawn exposures | Customers | ||
FINANCIAL RISK MANAGEMENT (Details) - Schedule of Credit Quality of Assets [Line Items] | ||
Reverse repurchase agreements | 0 | 0 |
CMS 15–18 | Stage 3 £m | Expected credit losses in respect of drawn exposures | ||
FINANCIAL RISK MANAGEMENT (Details) - Schedule of Credit Quality of Assets [Line Items] | ||
Loans and advances to banks | 0 | 0 |
CMS 15–18 | Stage 3 £m | Expected credit losses in respect of drawn exposures | Commercial Banking | ||
FINANCIAL RISK MANAGEMENT (Details) - Schedule of Credit Quality of Assets [Line Items] | ||
Loans and advances to customers | 0 | 0 |
CMS 15–18 | Stage 3 £m | Expected credit losses in respect of drawn exposures | Banks | ||
FINANCIAL RISK MANAGEMENT (Details) - Schedule of Credit Quality of Assets [Line Items] | ||
Reverse repurchase agreements | 0 | 0 |
CMS 15–18 | Stage 3 £m | Expected credit losses in respect of drawn exposures | Customers | ||
FINANCIAL RISK MANAGEMENT (Details) - Schedule of Credit Quality of Assets [Line Items] | ||
Reverse repurchase agreements | 0 | 0 |
CMS 15–18 | Stage 3 £m | Gross undrawn exposures | Commercial Banking | ||
FINANCIAL RISK MANAGEMENT (Details) - Schedule of Credit Quality of Assets [Line Items] | ||
Loans and advances to customers | 0 | 0 |
CMS 15–18 | Stage 3 £m | Gross undrawn exposures | Other £m | ||
FINANCIAL RISK MANAGEMENT (Details) - Schedule of Credit Quality of Assets [Line Items] | ||
Loans and advances to customers | 0 | 0 |
CMS 15–18 | Stage 3 £m | Expected credit losses in respect of undrawn exposures | Commercial Banking | ||
FINANCIAL RISK MANAGEMENT (Details) - Schedule of Credit Quality of Assets [Line Items] | ||
Loans and advances to customers | 0 | 0 |
CMS 15–18 | Stage 3 £m | Expected credit losses in respect of undrawn exposures | Other £m | ||
FINANCIAL RISK MANAGEMENT (Details) - Schedule of Credit Quality of Assets [Line Items] | ||
Loans and advances to customers | 0 | 0 |
CMS 15–18 | POCI £m | Gross drawn exposures | ||
FINANCIAL RISK MANAGEMENT (Details) - Schedule of Credit Quality of Assets [Line Items] | ||
Loans and advances to banks | 0 | 0 |
CMS 15–18 | POCI £m | Gross drawn exposures | Commercial Banking | ||
FINANCIAL RISK MANAGEMENT (Details) - Schedule of Credit Quality of Assets [Line Items] | ||
Loans and advances to customers | 0 | 0 |
CMS 15–18 | POCI £m | Gross drawn exposures | Banks | ||
FINANCIAL RISK MANAGEMENT (Details) - Schedule of Credit Quality of Assets [Line Items] | ||
Reverse repurchase agreements | 0 | 0 |
CMS 15–18 | POCI £m | Gross drawn exposures | Customers | ||
FINANCIAL RISK MANAGEMENT (Details) - Schedule of Credit Quality of Assets [Line Items] | ||
Reverse repurchase agreements | 0 | 0 |
CMS 15–18 | POCI £m | Expected credit losses in respect of drawn exposures | ||
FINANCIAL RISK MANAGEMENT (Details) - Schedule of Credit Quality of Assets [Line Items] | ||
Loans and advances to banks | 0 | 0 |
CMS 15–18 | POCI £m | Expected credit losses in respect of drawn exposures | Commercial Banking | ||
FINANCIAL RISK MANAGEMENT (Details) - Schedule of Credit Quality of Assets [Line Items] | ||
Loans and advances to customers | 0 | 0 |
CMS 15–18 | POCI £m | Expected credit losses in respect of drawn exposures | Banks | ||
FINANCIAL RISK MANAGEMENT (Details) - Schedule of Credit Quality of Assets [Line Items] | ||
Reverse repurchase agreements | 0 | 0 |
CMS 15–18 | POCI £m | Expected credit losses in respect of drawn exposures | Customers | ||
FINANCIAL RISK MANAGEMENT (Details) - Schedule of Credit Quality of Assets [Line Items] | ||
Reverse repurchase agreements | 0 | 0 |
CMS 15–18 | POCI £m | Gross undrawn exposures | Commercial Banking | ||
FINANCIAL RISK MANAGEMENT (Details) - Schedule of Credit Quality of Assets [Line Items] | ||
Loans and advances to customers | 0 | 0 |
CMS 15–18 | POCI £m | Gross undrawn exposures | Other £m | ||
FINANCIAL RISK MANAGEMENT (Details) - Schedule of Credit Quality of Assets [Line Items] | ||
Loans and advances to customers | 0 | 0 |
CMS 15–18 | POCI £m | Expected credit losses in respect of undrawn exposures | Commercial Banking | ||
FINANCIAL RISK MANAGEMENT (Details) - Schedule of Credit Quality of Assets [Line Items] | ||
Loans and advances to customers | 0 | 0 |
CMS 15–18 | POCI £m | Expected credit losses in respect of undrawn exposures | Other £m | ||
FINANCIAL RISK MANAGEMENT (Details) - Schedule of Credit Quality of Assets [Line Items] | ||
Loans and advances to customers | 0 | 0 |
CMS 19 | Gross drawn exposures | ||
FINANCIAL RISK MANAGEMENT (Details) - Schedule of Credit Quality of Assets [Line Items] | ||
Loans and advances to banks | 0 | 0 |
CMS 19 | Gross drawn exposures | Commercial Banking | ||
FINANCIAL RISK MANAGEMENT (Details) - Schedule of Credit Quality of Assets [Line Items] | ||
Loans and advances to customers | 822 | 855 |
CMS 19 | Gross drawn exposures | Banks | ||
FINANCIAL RISK MANAGEMENT (Details) - Schedule of Credit Quality of Assets [Line Items] | ||
Reverse repurchase agreements | 0 | 0 |
CMS 19 | Gross drawn exposures | Customers | ||
FINANCIAL RISK MANAGEMENT (Details) - Schedule of Credit Quality of Assets [Line Items] | ||
Reverse repurchase agreements | 0 | 0 |
CMS 19 | Expected credit losses in respect of drawn exposures | ||
FINANCIAL RISK MANAGEMENT (Details) - Schedule of Credit Quality of Assets [Line Items] | ||
Loans and advances to banks | 0 | 0 |
CMS 19 | Expected credit losses in respect of drawn exposures | Commercial Banking | ||
FINANCIAL RISK MANAGEMENT (Details) - Schedule of Credit Quality of Assets [Line Items] | ||
Loans and advances to customers | 74 | 39 |
CMS 19 | Expected credit losses in respect of drawn exposures | Banks | ||
FINANCIAL RISK MANAGEMENT (Details) - Schedule of Credit Quality of Assets [Line Items] | ||
Reverse repurchase agreements | 0 | 0 |
CMS 19 | Expected credit losses in respect of drawn exposures | Customers | ||
FINANCIAL RISK MANAGEMENT (Details) - Schedule of Credit Quality of Assets [Line Items] | ||
Reverse repurchase agreements | 0 | 0 |
CMS 19 | Gross undrawn exposures | Commercial Banking | ||
FINANCIAL RISK MANAGEMENT (Details) - Schedule of Credit Quality of Assets [Line Items] | ||
Loans and advances to customers | 85 | 33 |
CMS 19 | Gross undrawn exposures | Other £m | ||
FINANCIAL RISK MANAGEMENT (Details) - Schedule of Credit Quality of Assets [Line Items] | ||
Loans and advances to customers | 0 | 0 |
CMS 19 | Expected credit losses in respect of undrawn exposures | Commercial Banking | ||
FINANCIAL RISK MANAGEMENT (Details) - Schedule of Credit Quality of Assets [Line Items] | ||
Loans and advances to customers | 10 | 3 |
CMS 19 | Expected credit losses in respect of undrawn exposures | Other £m | ||
FINANCIAL RISK MANAGEMENT (Details) - Schedule of Credit Quality of Assets [Line Items] | ||
Loans and advances to customers | 0 | 0 |
CMS 19 | Stage 1 £m | Gross drawn exposures | ||
FINANCIAL RISK MANAGEMENT (Details) - Schedule of Credit Quality of Assets [Line Items] | ||
Loans and advances to banks | 0 | 0 |
CMS 19 | Stage 1 £m | Gross drawn exposures | Commercial Banking | ||
FINANCIAL RISK MANAGEMENT (Details) - Schedule of Credit Quality of Assets [Line Items] | ||
Loans and advances to customers | 12 | 0 |
CMS 19 | Stage 1 £m | Gross drawn exposures | Banks | ||
FINANCIAL RISK MANAGEMENT (Details) - Schedule of Credit Quality of Assets [Line Items] | ||
Reverse repurchase agreements | 0 | 0 |
CMS 19 | Stage 1 £m | Gross drawn exposures | Customers | ||
FINANCIAL RISK MANAGEMENT (Details) - Schedule of Credit Quality of Assets [Line Items] | ||
Reverse repurchase agreements | 0 | 0 |
CMS 19 | Stage 1 £m | Expected credit losses in respect of drawn exposures | ||
FINANCIAL RISK MANAGEMENT (Details) - Schedule of Credit Quality of Assets [Line Items] | ||
Loans and advances to banks | 0 | 0 |
CMS 19 | Stage 1 £m | Expected credit losses in respect of drawn exposures | Commercial Banking | ||
FINANCIAL RISK MANAGEMENT (Details) - Schedule of Credit Quality of Assets [Line Items] | ||
Loans and advances to customers | 0 | 0 |
CMS 19 | Stage 1 £m | Expected credit losses in respect of drawn exposures | Banks | ||
FINANCIAL RISK MANAGEMENT (Details) - Schedule of Credit Quality of Assets [Line Items] | ||
Reverse repurchase agreements | 0 | 0 |
CMS 19 | Stage 1 £m | Expected credit losses in respect of drawn exposures | Customers | ||
FINANCIAL RISK MANAGEMENT (Details) - Schedule of Credit Quality of Assets [Line Items] | ||
Reverse repurchase agreements | 0 | 0 |
CMS 19 | Stage 1 £m | Gross undrawn exposures | Commercial Banking | ||
FINANCIAL RISK MANAGEMENT (Details) - Schedule of Credit Quality of Assets [Line Items] | ||
Loans and advances to customers | 0 | 0 |
CMS 19 | Stage 1 £m | Gross undrawn exposures | Other £m | ||
FINANCIAL RISK MANAGEMENT (Details) - Schedule of Credit Quality of Assets [Line Items] | ||
Loans and advances to customers | 0 | 0 |
CMS 19 | Stage 1 £m | Expected credit losses in respect of undrawn exposures | Commercial Banking | ||
FINANCIAL RISK MANAGEMENT (Details) - Schedule of Credit Quality of Assets [Line Items] | ||
Loans and advances to customers | 0 | 0 |
CMS 19 | Stage 1 £m | Expected credit losses in respect of undrawn exposures | Other £m | ||
FINANCIAL RISK MANAGEMENT (Details) - Schedule of Credit Quality of Assets [Line Items] | ||
Loans and advances to customers | 0 | 0 |
CMS 19 | Stage 2 £m | Gross drawn exposures | ||
FINANCIAL RISK MANAGEMENT (Details) - Schedule of Credit Quality of Assets [Line Items] | ||
Loans and advances to banks | 0 | 0 |
CMS 19 | Stage 2 £m | Gross drawn exposures | Commercial Banking | ||
FINANCIAL RISK MANAGEMENT (Details) - Schedule of Credit Quality of Assets [Line Items] | ||
Loans and advances to customers | 810 | 855 |
CMS 19 | Stage 2 £m | Gross drawn exposures | Banks | ||
FINANCIAL RISK MANAGEMENT (Details) - Schedule of Credit Quality of Assets [Line Items] | ||
Reverse repurchase agreements | 0 | 0 |
CMS 19 | Stage 2 £m | Gross drawn exposures | Customers | ||
FINANCIAL RISK MANAGEMENT (Details) - Schedule of Credit Quality of Assets [Line Items] | ||
Reverse repurchase agreements | 0 | 0 |
CMS 19 | Stage 2 £m | Expected credit losses in respect of drawn exposures | ||
FINANCIAL RISK MANAGEMENT (Details) - Schedule of Credit Quality of Assets [Line Items] | ||
Loans and advances to banks | 0 | 0 |
CMS 19 | Stage 2 £m | Expected credit losses in respect of drawn exposures | Commercial Banking | ||
FINANCIAL RISK MANAGEMENT (Details) - Schedule of Credit Quality of Assets [Line Items] | ||
Loans and advances to customers | 74 | 39 |
CMS 19 | Stage 2 £m | Expected credit losses in respect of drawn exposures | Banks | ||
FINANCIAL RISK MANAGEMENT (Details) - Schedule of Credit Quality of Assets [Line Items] | ||
Reverse repurchase agreements | 0 | 0 |
CMS 19 | Stage 2 £m | Expected credit losses in respect of drawn exposures | Customers | ||
FINANCIAL RISK MANAGEMENT (Details) - Schedule of Credit Quality of Assets [Line Items] | ||
Reverse repurchase agreements | 0 | 0 |
CMS 19 | Stage 2 £m | Gross undrawn exposures | Commercial Banking | ||
FINANCIAL RISK MANAGEMENT (Details) - Schedule of Credit Quality of Assets [Line Items] | ||
Loans and advances to customers | 85 | 33 |
CMS 19 | Stage 2 £m | Gross undrawn exposures | Other £m | ||
FINANCIAL RISK MANAGEMENT (Details) - Schedule of Credit Quality of Assets [Line Items] | ||
Loans and advances to customers | 0 | 0 |
CMS 19 | Stage 2 £m | Expected credit losses in respect of undrawn exposures | Commercial Banking | ||
FINANCIAL RISK MANAGEMENT (Details) - Schedule of Credit Quality of Assets [Line Items] | ||
Loans and advances to customers | 10 | 3 |
CMS 19 | Stage 2 £m | Expected credit losses in respect of undrawn exposures | Other £m | ||
FINANCIAL RISK MANAGEMENT (Details) - Schedule of Credit Quality of Assets [Line Items] | ||
Loans and advances to customers | 0 | 0 |
CMS 19 | Stage 3 £m | Gross drawn exposures | ||
FINANCIAL RISK MANAGEMENT (Details) - Schedule of Credit Quality of Assets [Line Items] | ||
Loans and advances to banks | 0 | 0 |
CMS 19 | Stage 3 £m | Gross drawn exposures | Commercial Banking | ||
FINANCIAL RISK MANAGEMENT (Details) - Schedule of Credit Quality of Assets [Line Items] | ||
Loans and advances to customers | 0 | 0 |
CMS 19 | Stage 3 £m | Gross drawn exposures | Banks | ||
FINANCIAL RISK MANAGEMENT (Details) - Schedule of Credit Quality of Assets [Line Items] | ||
Reverse repurchase agreements | 0 | 0 |
CMS 19 | Stage 3 £m | Gross drawn exposures | Customers | ||
FINANCIAL RISK MANAGEMENT (Details) - Schedule of Credit Quality of Assets [Line Items] | ||
Reverse repurchase agreements | 0 | 0 |
CMS 19 | Stage 3 £m | Expected credit losses in respect of drawn exposures | ||
FINANCIAL RISK MANAGEMENT (Details) - Schedule of Credit Quality of Assets [Line Items] | ||
Loans and advances to banks | 0 | 0 |
CMS 19 | Stage 3 £m | Expected credit losses in respect of drawn exposures | Commercial Banking | ||
FINANCIAL RISK MANAGEMENT (Details) - Schedule of Credit Quality of Assets [Line Items] | ||
Loans and advances to customers | 0 | 0 |
CMS 19 | Stage 3 £m | Expected credit losses in respect of drawn exposures | Banks | ||
FINANCIAL RISK MANAGEMENT (Details) - Schedule of Credit Quality of Assets [Line Items] | ||
Reverse repurchase agreements | 0 | 0 |
CMS 19 | Stage 3 £m | Expected credit losses in respect of drawn exposures | Customers | ||
FINANCIAL RISK MANAGEMENT (Details) - Schedule of Credit Quality of Assets [Line Items] | ||
Reverse repurchase agreements | 0 | 0 |
CMS 19 | Stage 3 £m | Gross undrawn exposures | Commercial Banking | ||
FINANCIAL RISK MANAGEMENT (Details) - Schedule of Credit Quality of Assets [Line Items] | ||
Loans and advances to customers | 0 | 0 |
CMS 19 | Stage 3 £m | Gross undrawn exposures | Other £m | ||
FINANCIAL RISK MANAGEMENT (Details) - Schedule of Credit Quality of Assets [Line Items] | ||
Loans and advances to customers | 0 | 0 |
CMS 19 | Stage 3 £m | Expected credit losses in respect of undrawn exposures | Commercial Banking | ||
FINANCIAL RISK MANAGEMENT (Details) - Schedule of Credit Quality of Assets [Line Items] | ||
Loans and advances to customers | 0 | 0 |
CMS 19 | Stage 3 £m | Expected credit losses in respect of undrawn exposures | Other £m | ||
FINANCIAL RISK MANAGEMENT (Details) - Schedule of Credit Quality of Assets [Line Items] | ||
Loans and advances to customers | 0 | 0 |
CMS 19 | POCI £m | Gross drawn exposures | ||
FINANCIAL RISK MANAGEMENT (Details) - Schedule of Credit Quality of Assets [Line Items] | ||
Loans and advances to banks | 0 | 0 |
CMS 19 | POCI £m | Gross drawn exposures | Commercial Banking | ||
FINANCIAL RISK MANAGEMENT (Details) - Schedule of Credit Quality of Assets [Line Items] | ||
Loans and advances to customers | 0 | 0 |
CMS 19 | POCI £m | Gross drawn exposures | Banks | ||
FINANCIAL RISK MANAGEMENT (Details) - Schedule of Credit Quality of Assets [Line Items] | ||
Reverse repurchase agreements | 0 | 0 |
CMS 19 | POCI £m | Gross drawn exposures | Customers | ||
FINANCIAL RISK MANAGEMENT (Details) - Schedule of Credit Quality of Assets [Line Items] | ||
Reverse repurchase agreements | 0 | 0 |
CMS 19 | POCI £m | Expected credit losses in respect of drawn exposures | ||
FINANCIAL RISK MANAGEMENT (Details) - Schedule of Credit Quality of Assets [Line Items] | ||
Loans and advances to banks | 0 | 0 |
CMS 19 | POCI £m | Expected credit losses in respect of drawn exposures | Commercial Banking | ||
FINANCIAL RISK MANAGEMENT (Details) - Schedule of Credit Quality of Assets [Line Items] | ||
Loans and advances to customers | 0 | 0 |
CMS 19 | POCI £m | Expected credit losses in respect of drawn exposures | Banks | ||
FINANCIAL RISK MANAGEMENT (Details) - Schedule of Credit Quality of Assets [Line Items] | ||
Reverse repurchase agreements | 0 | 0 |
CMS 19 | POCI £m | Expected credit losses in respect of drawn exposures | Customers | ||
FINANCIAL RISK MANAGEMENT (Details) - Schedule of Credit Quality of Assets [Line Items] | ||
Reverse repurchase agreements | 0 | 0 |
CMS 19 | POCI £m | Gross undrawn exposures | Commercial Banking | ||
FINANCIAL RISK MANAGEMENT (Details) - Schedule of Credit Quality of Assets [Line Items] | ||
Loans and advances to customers | 0 | 0 |
CMS 19 | POCI £m | Gross undrawn exposures | Other £m | ||
FINANCIAL RISK MANAGEMENT (Details) - Schedule of Credit Quality of Assets [Line Items] | ||
Loans and advances to customers | 0 | 0 |
CMS 19 | POCI £m | Expected credit losses in respect of undrawn exposures | Commercial Banking | ||
FINANCIAL RISK MANAGEMENT (Details) - Schedule of Credit Quality of Assets [Line Items] | ||
Loans and advances to customers | 0 | 0 |
CMS 19 | POCI £m | Expected credit losses in respect of undrawn exposures | Other £m | ||
FINANCIAL RISK MANAGEMENT (Details) - Schedule of Credit Quality of Assets [Line Items] | ||
Loans and advances to customers | 0 | 0 |
CMS 20–23 | Gross drawn exposures | ||
FINANCIAL RISK MANAGEMENT (Details) - Schedule of Credit Quality of Assets [Line Items] | ||
Loans and advances to banks | 0 | 0 |
CMS 20–23 | Gross drawn exposures | Commercial Banking | ||
FINANCIAL RISK MANAGEMENT (Details) - Schedule of Credit Quality of Assets [Line Items] | ||
Loans and advances to customers | 3,348 | 3,533 |
CMS 20–23 | Gross drawn exposures | Banks | ||
FINANCIAL RISK MANAGEMENT (Details) - Schedule of Credit Quality of Assets [Line Items] | ||
Reverse repurchase agreements | 0 | 0 |
CMS 20–23 | Gross drawn exposures | Customers | ||
FINANCIAL RISK MANAGEMENT (Details) - Schedule of Credit Quality of Assets [Line Items] | ||
Reverse repurchase agreements | 0 | 0 |
CMS 20–23 | Expected credit losses in respect of drawn exposures | ||
FINANCIAL RISK MANAGEMENT (Details) - Schedule of Credit Quality of Assets [Line Items] | ||
Loans and advances to banks | 0 | 0 |
CMS 20–23 | Expected credit losses in respect of drawn exposures | Commercial Banking | ||
FINANCIAL RISK MANAGEMENT (Details) - Schedule of Credit Quality of Assets [Line Items] | ||
Loans and advances to customers | 1,069 | 954 |
CMS 20–23 | Expected credit losses in respect of drawn exposures | Banks | ||
FINANCIAL RISK MANAGEMENT (Details) - Schedule of Credit Quality of Assets [Line Items] | ||
Reverse repurchase agreements | 0 | 0 |
CMS 20–23 | Expected credit losses in respect of drawn exposures | Customers | ||
FINANCIAL RISK MANAGEMENT (Details) - Schedule of Credit Quality of Assets [Line Items] | ||
Reverse repurchase agreements | 0 | 0 |
CMS 20–23 | Gross undrawn exposures | Commercial Banking | ||
FINANCIAL RISK MANAGEMENT (Details) - Schedule of Credit Quality of Assets [Line Items] | ||
Loans and advances to customers | 48 | 67 |
CMS 20–23 | Gross undrawn exposures | Other £m | ||
FINANCIAL RISK MANAGEMENT (Details) - Schedule of Credit Quality of Assets [Line Items] | ||
Loans and advances to customers | 0 | 0 |
CMS 20–23 | Expected credit losses in respect of undrawn exposures | Commercial Banking | ||
FINANCIAL RISK MANAGEMENT (Details) - Schedule of Credit Quality of Assets [Line Items] | ||
Loans and advances to customers | 4 | 5 |
CMS 20–23 | Expected credit losses in respect of undrawn exposures | Other £m | ||
FINANCIAL RISK MANAGEMENT (Details) - Schedule of Credit Quality of Assets [Line Items] | ||
Loans and advances to customers | 0 | 0 |
CMS 20–23 | Stage 1 £m | Gross drawn exposures | ||
FINANCIAL RISK MANAGEMENT (Details) - Schedule of Credit Quality of Assets [Line Items] | ||
Loans and advances to banks | 0 | 0 |
CMS 20–23 | Stage 1 £m | Gross drawn exposures | Commercial Banking | ||
FINANCIAL RISK MANAGEMENT (Details) - Schedule of Credit Quality of Assets [Line Items] | ||
Loans and advances to customers | 0 | 0 |
CMS 20–23 | Stage 1 £m | Gross drawn exposures | Banks | ||
FINANCIAL RISK MANAGEMENT (Details) - Schedule of Credit Quality of Assets [Line Items] | ||
Reverse repurchase agreements | 0 | 0 |
CMS 20–23 | Stage 1 £m | Gross drawn exposures | Customers | ||
FINANCIAL RISK MANAGEMENT (Details) - Schedule of Credit Quality of Assets [Line Items] | ||
Reverse repurchase agreements | 0 | 0 |
CMS 20–23 | Stage 1 £m | Expected credit losses in respect of drawn exposures | ||
FINANCIAL RISK MANAGEMENT (Details) - Schedule of Credit Quality of Assets [Line Items] | ||
Loans and advances to banks | 0 | 0 |
CMS 20–23 | Stage 1 £m | Expected credit losses in respect of drawn exposures | Commercial Banking | ||
FINANCIAL RISK MANAGEMENT (Details) - Schedule of Credit Quality of Assets [Line Items] | ||
Loans and advances to customers | 0 | 0 |
CMS 20–23 | Stage 1 £m | Expected credit losses in respect of drawn exposures | Banks | ||
FINANCIAL RISK MANAGEMENT (Details) - Schedule of Credit Quality of Assets [Line Items] | ||
Reverse repurchase agreements | 0 | 0 |
CMS 20–23 | Stage 1 £m | Expected credit losses in respect of drawn exposures | Customers | ||
FINANCIAL RISK MANAGEMENT (Details) - Schedule of Credit Quality of Assets [Line Items] | ||
Reverse repurchase agreements | 0 | 0 |
CMS 20–23 | Stage 1 £m | Gross undrawn exposures | Commercial Banking | ||
FINANCIAL RISK MANAGEMENT (Details) - Schedule of Credit Quality of Assets [Line Items] | ||
Loans and advances to customers | 0 | 0 |
CMS 20–23 | Stage 1 £m | Gross undrawn exposures | Other £m | ||
FINANCIAL RISK MANAGEMENT (Details) - Schedule of Credit Quality of Assets [Line Items] | ||
Loans and advances to customers | 0 | 0 |
CMS 20–23 | Stage 1 £m | Expected credit losses in respect of undrawn exposures | Commercial Banking | ||
FINANCIAL RISK MANAGEMENT (Details) - Schedule of Credit Quality of Assets [Line Items] | ||
Loans and advances to customers | 0 | 0 |
CMS 20–23 | Stage 1 £m | Expected credit losses in respect of undrawn exposures | Other £m | ||
FINANCIAL RISK MANAGEMENT (Details) - Schedule of Credit Quality of Assets [Line Items] | ||
Loans and advances to customers | 0 | 0 |
CMS 20–23 | Stage 2 £m | Gross drawn exposures | ||
FINANCIAL RISK MANAGEMENT (Details) - Schedule of Credit Quality of Assets [Line Items] | ||
Loans and advances to banks | 0 | 0 |
CMS 20–23 | Stage 2 £m | Gross drawn exposures | Commercial Banking | ||
FINANCIAL RISK MANAGEMENT (Details) - Schedule of Credit Quality of Assets [Line Items] | ||
Loans and advances to customers | 0 | 0 |
CMS 20–23 | Stage 2 £m | Gross drawn exposures | Banks | ||
FINANCIAL RISK MANAGEMENT (Details) - Schedule of Credit Quality of Assets [Line Items] | ||
Reverse repurchase agreements | 0 | 0 |
CMS 20–23 | Stage 2 £m | Gross drawn exposures | Customers | ||
FINANCIAL RISK MANAGEMENT (Details) - Schedule of Credit Quality of Assets [Line Items] | ||
Reverse repurchase agreements | 0 | 0 |
CMS 20–23 | Stage 2 £m | Expected credit losses in respect of drawn exposures | ||
FINANCIAL RISK MANAGEMENT (Details) - Schedule of Credit Quality of Assets [Line Items] | ||
Loans and advances to banks | 0 | 0 |
CMS 20–23 | Stage 2 £m | Expected credit losses in respect of drawn exposures | Commercial Banking | ||
FINANCIAL RISK MANAGEMENT (Details) - Schedule of Credit Quality of Assets [Line Items] | ||
Loans and advances to customers | 0 | 0 |
CMS 20–23 | Stage 2 £m | Expected credit losses in respect of drawn exposures | Banks | ||
FINANCIAL RISK MANAGEMENT (Details) - Schedule of Credit Quality of Assets [Line Items] | ||
Reverse repurchase agreements | 0 | 0 |
CMS 20–23 | Stage 2 £m | Expected credit losses in respect of drawn exposures | Customers | ||
FINANCIAL RISK MANAGEMENT (Details) - Schedule of Credit Quality of Assets [Line Items] | ||
Reverse repurchase agreements | 0 | 0 |
CMS 20–23 | Stage 2 £m | Gross undrawn exposures | Commercial Banking | ||
FINANCIAL RISK MANAGEMENT (Details) - Schedule of Credit Quality of Assets [Line Items] | ||
Loans and advances to customers | 0 | 0 |
CMS 20–23 | Stage 2 £m | Gross undrawn exposures | Other £m | ||
FINANCIAL RISK MANAGEMENT (Details) - Schedule of Credit Quality of Assets [Line Items] | ||
Loans and advances to customers | 0 | 0 |
CMS 20–23 | Stage 2 £m | Expected credit losses in respect of undrawn exposures | Commercial Banking | ||
FINANCIAL RISK MANAGEMENT (Details) - Schedule of Credit Quality of Assets [Line Items] | ||
Loans and advances to customers | 0 | 0 |
CMS 20–23 | Stage 2 £m | Expected credit losses in respect of undrawn exposures | Other £m | ||
FINANCIAL RISK MANAGEMENT (Details) - Schedule of Credit Quality of Assets [Line Items] | ||
Loans and advances to customers | 0 | 0 |
CMS 20–23 | Stage 3 £m | Gross drawn exposures | ||
FINANCIAL RISK MANAGEMENT (Details) - Schedule of Credit Quality of Assets [Line Items] | ||
Loans and advances to banks | 0 | 0 |
CMS 20–23 | Stage 3 £m | Gross drawn exposures | Commercial Banking | ||
FINANCIAL RISK MANAGEMENT (Details) - Schedule of Credit Quality of Assets [Line Items] | ||
Loans and advances to customers | 3,348 | 3,533 |
CMS 20–23 | Stage 3 £m | Gross drawn exposures | Banks | ||
FINANCIAL RISK MANAGEMENT (Details) - Schedule of Credit Quality of Assets [Line Items] | ||
Reverse repurchase agreements | 0 | 0 |
CMS 20–23 | Stage 3 £m | Gross drawn exposures | Customers | ||
FINANCIAL RISK MANAGEMENT (Details) - Schedule of Credit Quality of Assets [Line Items] | ||
Reverse repurchase agreements | 0 | 0 |
CMS 20–23 | Stage 3 £m | Expected credit losses in respect of drawn exposures | ||
FINANCIAL RISK MANAGEMENT (Details) - Schedule of Credit Quality of Assets [Line Items] | ||
Loans and advances to banks | 0 | 0 |
CMS 20–23 | Stage 3 £m | Expected credit losses in respect of drawn exposures | Commercial Banking | ||
FINANCIAL RISK MANAGEMENT (Details) - Schedule of Credit Quality of Assets [Line Items] | ||
Loans and advances to customers | 1,069 | 954 |
CMS 20–23 | Stage 3 £m | Expected credit losses in respect of drawn exposures | Banks | ||
FINANCIAL RISK MANAGEMENT (Details) - Schedule of Credit Quality of Assets [Line Items] | ||
Reverse repurchase agreements | 0 | 0 |
CMS 20–23 | Stage 3 £m | Expected credit losses in respect of drawn exposures | Customers | ||
FINANCIAL RISK MANAGEMENT (Details) - Schedule of Credit Quality of Assets [Line Items] | ||
Reverse repurchase agreements | 0 | 0 |
CMS 20–23 | Stage 3 £m | Gross undrawn exposures | Commercial Banking | ||
FINANCIAL RISK MANAGEMENT (Details) - Schedule of Credit Quality of Assets [Line Items] | ||
Loans and advances to customers | 48 | 67 |
CMS 20–23 | Stage 3 £m | Gross undrawn exposures | Other £m | ||
FINANCIAL RISK MANAGEMENT (Details) - Schedule of Credit Quality of Assets [Line Items] | ||
Loans and advances to customers | 0 | 0 |
CMS 20–23 | Stage 3 £m | Expected credit losses in respect of undrawn exposures | Commercial Banking | ||
FINANCIAL RISK MANAGEMENT (Details) - Schedule of Credit Quality of Assets [Line Items] | ||
Loans and advances to customers | 4 | 5 |
CMS 20–23 | Stage 3 £m | Expected credit losses in respect of undrawn exposures | Other £m | ||
FINANCIAL RISK MANAGEMENT (Details) - Schedule of Credit Quality of Assets [Line Items] | ||
Loans and advances to customers | 0 | 0 |
CMS 20–23 | POCI £m | Gross drawn exposures | ||
FINANCIAL RISK MANAGEMENT (Details) - Schedule of Credit Quality of Assets [Line Items] | ||
Loans and advances to banks | 0 | 0 |
CMS 20–23 | POCI £m | Gross drawn exposures | Commercial Banking | ||
FINANCIAL RISK MANAGEMENT (Details) - Schedule of Credit Quality of Assets [Line Items] | ||
Loans and advances to customers | 0 | 0 |
CMS 20–23 | POCI £m | Gross drawn exposures | Banks | ||
FINANCIAL RISK MANAGEMENT (Details) - Schedule of Credit Quality of Assets [Line Items] | ||
Reverse repurchase agreements | 0 | 0 |
CMS 20–23 | POCI £m | Gross drawn exposures | Customers | ||
FINANCIAL RISK MANAGEMENT (Details) - Schedule of Credit Quality of Assets [Line Items] | ||
Reverse repurchase agreements | 0 | 0 |
CMS 20–23 | POCI £m | Expected credit losses in respect of drawn exposures | ||
FINANCIAL RISK MANAGEMENT (Details) - Schedule of Credit Quality of Assets [Line Items] | ||
Loans and advances to banks | 0 | 0 |
CMS 20–23 | POCI £m | Expected credit losses in respect of drawn exposures | Commercial Banking | ||
FINANCIAL RISK MANAGEMENT (Details) - Schedule of Credit Quality of Assets [Line Items] | ||
Loans and advances to customers | 0 | 0 |
CMS 20–23 | POCI £m | Expected credit losses in respect of drawn exposures | Banks | ||
FINANCIAL RISK MANAGEMENT (Details) - Schedule of Credit Quality of Assets [Line Items] | ||
Reverse repurchase agreements | 0 | 0 |
CMS 20–23 | POCI £m | Expected credit losses in respect of drawn exposures | Customers | ||
FINANCIAL RISK MANAGEMENT (Details) - Schedule of Credit Quality of Assets [Line Items] | ||
Reverse repurchase agreements | 0 | 0 |
CMS 20–23 | POCI £m | Gross undrawn exposures | Commercial Banking | ||
FINANCIAL RISK MANAGEMENT (Details) - Schedule of Credit Quality of Assets [Line Items] | ||
Loans and advances to customers | 0 | 0 |
CMS 20–23 | POCI £m | Gross undrawn exposures | Other £m | ||
FINANCIAL RISK MANAGEMENT (Details) - Schedule of Credit Quality of Assets [Line Items] | ||
Loans and advances to customers | 0 | 0 |
CMS 20–23 | POCI £m | Expected credit losses in respect of undrawn exposures | Commercial Banking | ||
FINANCIAL RISK MANAGEMENT (Details) - Schedule of Credit Quality of Assets [Line Items] | ||
Loans and advances to customers | 0 | 0 |
CMS 20–23 | POCI £m | Expected credit losses in respect of undrawn exposures | Other £m | ||
FINANCIAL RISK MANAGEMENT (Details) - Schedule of Credit Quality of Assets [Line Items] | ||
Loans and advances to customers | 0 | 0 |
RMS 1–3 | Gross drawn exposures | Retail – UK mortgages | ||
FINANCIAL RISK MANAGEMENT (Details) - Schedule of Credit Quality of Assets [Line Items] | ||
Loans and advances to customers | 275,781 | 280,434 |
RMS 1–3 | Gross drawn exposures | Retail – credit cards | ||
FINANCIAL RISK MANAGEMENT (Details) - Schedule of Credit Quality of Assets [Line Items] | ||
Loans and advances to customers | 3,592 | 5,091 |
RMS 1–3 | Gross drawn exposures | Retail – loans and overdrafts | ||
FINANCIAL RISK MANAGEMENT (Details) - Schedule of Credit Quality of Assets [Line Items] | ||
Loans and advances to customers | 660 | 1,428 |
RMS 1–3 | Gross drawn exposures | Retail – UK Motor Finance | ||
FINANCIAL RISK MANAGEMENT (Details) - Schedule of Credit Quality of Assets [Line Items] | ||
Loans and advances to customers | 9,712 | 9,223 |
RMS 1–3 | Gross drawn exposures | Retail – other | ||
FINANCIAL RISK MANAGEMENT (Details) - Schedule of Credit Quality of Assets [Line Items] | ||
Loans and advances to customers | 12,916 | 9,943 |
RMS 1–3 | Expected credit losses in respect of drawn exposures | Retail – UK mortgages | ||
FINANCIAL RISK MANAGEMENT (Details) - Schedule of Credit Quality of Assets [Line Items] | ||
Loans and advances to customers | 261 | 194 |
RMS 1–3 | Expected credit losses in respect of drawn exposures | Retail – credit cards | ||
FINANCIAL RISK MANAGEMENT (Details) - Schedule of Credit Quality of Assets [Line Items] | ||
Loans and advances to customers | 7 | 9 |
RMS 1–3 | Expected credit losses in respect of drawn exposures | Retail – loans and overdrafts | ||
FINANCIAL RISK MANAGEMENT (Details) - Schedule of Credit Quality of Assets [Line Items] | ||
Loans and advances to customers | 2 | 5 |
RMS 1–3 | Expected credit losses in respect of drawn exposures | Retail – UK Motor Finance | ||
FINANCIAL RISK MANAGEMENT (Details) - Schedule of Credit Quality of Assets [Line Items] | ||
Loans and advances to customers | 75 | 85 |
RMS 1–3 | Expected credit losses in respect of drawn exposures | Retail – other | ||
FINANCIAL RISK MANAGEMENT (Details) - Schedule of Credit Quality of Assets [Line Items] | ||
Loans and advances to customers | 13 | 7 |
RMS 1–3 | Gross undrawn exposures | Retail – UK mortgages | ||
FINANCIAL RISK MANAGEMENT (Details) - Schedule of Credit Quality of Assets [Line Items] | ||
Loans and advances to customers | 16,162 | 17,014 |
RMS 1–3 | Gross undrawn exposures | Retail – credit cards | ||
FINANCIAL RISK MANAGEMENT (Details) - Schedule of Credit Quality of Assets [Line Items] | ||
Loans and advances to customers | 39,414 | 47,508 |
RMS 1–3 | Gross undrawn exposures | Retail – loans and overdrafts | ||
FINANCIAL RISK MANAGEMENT (Details) - Schedule of Credit Quality of Assets [Line Items] | ||
Loans and advances to customers | 4,176 | 5,126 |
RMS 1–3 | Gross undrawn exposures | Retail – UK Motor Finance | ||
FINANCIAL RISK MANAGEMENT (Details) - Schedule of Credit Quality of Assets [Line Items] | ||
Loans and advances to customers | 318 | 277 |
RMS 1–3 | Gross undrawn exposures | Retail – other | ||
FINANCIAL RISK MANAGEMENT (Details) - Schedule of Credit Quality of Assets [Line Items] | ||
Loans and advances to customers | 702 | 598 |
RMS 1–3 | Expected credit losses in respect of undrawn exposures | Retail – UK mortgages | ||
FINANCIAL RISK MANAGEMENT (Details) - Schedule of Credit Quality of Assets [Line Items] | ||
Loans and advances to customers | 0 | 1 |
RMS 1–3 | Expected credit losses in respect of undrawn exposures | Retail – credit cards | ||
FINANCIAL RISK MANAGEMENT (Details) - Schedule of Credit Quality of Assets [Line Items] | ||
Loans and advances to customers | 16 | 25 |
RMS 1–3 | Expected credit losses in respect of undrawn exposures | Retail – loans and overdrafts | ||
FINANCIAL RISK MANAGEMENT (Details) - Schedule of Credit Quality of Assets [Line Items] | ||
Loans and advances to customers | 4 | 4 |
RMS 1–3 | Expected credit losses in respect of undrawn exposures | Retail – UK Motor Finance | ||
FINANCIAL RISK MANAGEMENT (Details) - Schedule of Credit Quality of Assets [Line Items] | ||
Loans and advances to customers | 0 | 0 |
RMS 1–3 | Expected credit losses in respect of undrawn exposures | Retail – other | ||
FINANCIAL RISK MANAGEMENT (Details) - Schedule of Credit Quality of Assets [Line Items] | ||
Loans and advances to customers | 0 | 0 |
RMS 1–3 | Stage 1 £m | Gross drawn exposures | Retail – UK mortgages | ||
FINANCIAL RISK MANAGEMENT (Details) - Schedule of Credit Quality of Assets [Line Items] | ||
Loans and advances to customers | 250,937 | 270,649 |
RMS 1–3 | Stage 1 £m | Gross drawn exposures | Retail – credit cards | ||
FINANCIAL RISK MANAGEMENT (Details) - Schedule of Credit Quality of Assets [Line Items] | ||
Loans and advances to customers | 3,587 | 5,076 |
RMS 1–3 | Stage 1 £m | Gross drawn exposures | Retail – loans and overdrafts | ||
FINANCIAL RISK MANAGEMENT (Details) - Schedule of Credit Quality of Assets [Line Items] | ||
Loans and advances to customers | 659 | 1,426 |
RMS 1–3 | Stage 1 £m | Gross drawn exposures | Retail – UK Motor Finance | ||
FINANCIAL RISK MANAGEMENT (Details) - Schedule of Credit Quality of Assets [Line Items] | ||
Loans and advances to customers | 8,969 | 8,758 |
RMS 1–3 | Stage 1 £m | Gross drawn exposures | Retail – other | ||
FINANCIAL RISK MANAGEMENT (Details) - Schedule of Credit Quality of Assets [Line Items] | ||
Loans and advances to customers | 12,588 | 9,715 |
RMS 1–3 | Stage 1 £m | Expected credit losses in respect of drawn exposures | Retail – UK mortgages | ||
FINANCIAL RISK MANAGEMENT (Details) - Schedule of Credit Quality of Assets [Line Items] | ||
Loans and advances to customers | 81 | 48 |
RMS 1–3 | Stage 1 £m | Expected credit losses in respect of drawn exposures | Retail – credit cards | ||
FINANCIAL RISK MANAGEMENT (Details) - Schedule of Credit Quality of Assets [Line Items] | ||
Loans and advances to customers | 7 | 9 |
RMS 1–3 | Stage 1 £m | Expected credit losses in respect of drawn exposures | Retail – loans and overdrafts | ||
FINANCIAL RISK MANAGEMENT (Details) - Schedule of Credit Quality of Assets [Line Items] | ||
Loans and advances to customers | 2 | 5 |
RMS 1–3 | Stage 1 £m | Expected credit losses in respect of drawn exposures | Retail – UK Motor Finance | ||
FINANCIAL RISK MANAGEMENT (Details) - Schedule of Credit Quality of Assets [Line Items] | ||
Loans and advances to customers | 66 | 79 |
RMS 1–3 | Stage 1 £m | Expected credit losses in respect of drawn exposures | Retail – other | ||
FINANCIAL RISK MANAGEMENT (Details) - Schedule of Credit Quality of Assets [Line Items] | ||
Loans and advances to customers | 9 | 3 |
RMS 1–3 | Stage 1 £m | Gross undrawn exposures | Retail – UK mortgages | ||
FINANCIAL RISK MANAGEMENT (Details) - Schedule of Credit Quality of Assets [Line Items] | ||
Loans and advances to customers | 16,003 | 16,947 |
RMS 1–3 | Stage 1 £m | Gross undrawn exposures | Retail – credit cards | ||
FINANCIAL RISK MANAGEMENT (Details) - Schedule of Credit Quality of Assets [Line Items] | ||
Loans and advances to customers | 39,384 | 47,427 |
RMS 1–3 | Stage 1 £m | Gross undrawn exposures | Retail – loans and overdrafts | ||
FINANCIAL RISK MANAGEMENT (Details) - Schedule of Credit Quality of Assets [Line Items] | ||
Loans and advances to customers | 4,174 | 5,123 |
RMS 1–3 | Stage 1 £m | Gross undrawn exposures | Retail – UK Motor Finance | ||
FINANCIAL RISK MANAGEMENT (Details) - Schedule of Credit Quality of Assets [Line Items] | ||
Loans and advances to customers | 318 | 277 |
RMS 1–3 | Stage 1 £m | Gross undrawn exposures | Retail – other | ||
FINANCIAL RISK MANAGEMENT (Details) - Schedule of Credit Quality of Assets [Line Items] | ||
Loans and advances to customers | 702 | 598 |
RMS 1–3 | Stage 1 £m | Expected credit losses in respect of undrawn exposures | Retail – UK mortgages | ||
FINANCIAL RISK MANAGEMENT (Details) - Schedule of Credit Quality of Assets [Line Items] | ||
Loans and advances to customers | 0 | 1 |
RMS 1–3 | Stage 1 £m | Expected credit losses in respect of undrawn exposures | Retail – credit cards | ||
FINANCIAL RISK MANAGEMENT (Details) - Schedule of Credit Quality of Assets [Line Items] | ||
Loans and advances to customers | 16 | 23 |
RMS 1–3 | Stage 1 £m | Expected credit losses in respect of undrawn exposures | Retail – loans and overdrafts | ||
FINANCIAL RISK MANAGEMENT (Details) - Schedule of Credit Quality of Assets [Line Items] | ||
Loans and advances to customers | 4 | 4 |
RMS 1–3 | Stage 1 £m | Expected credit losses in respect of undrawn exposures | Retail – UK Motor Finance | ||
FINANCIAL RISK MANAGEMENT (Details) - Schedule of Credit Quality of Assets [Line Items] | ||
Loans and advances to customers | 0 | 0 |
RMS 1–3 | Stage 1 £m | Expected credit losses in respect of undrawn exposures | Retail – other | ||
FINANCIAL RISK MANAGEMENT (Details) - Schedule of Credit Quality of Assets [Line Items] | ||
Loans and advances to customers | 0 | 0 |
RMS 1–3 | Stage 2 £m | Gross drawn exposures | Retail – UK mortgages | ||
FINANCIAL RISK MANAGEMENT (Details) - Schedule of Credit Quality of Assets [Line Items] | ||
Loans and advances to customers | 24,844 | 9,785 |
RMS 1–3 | Stage 2 £m | Gross drawn exposures | Retail – credit cards | ||
FINANCIAL RISK MANAGEMENT (Details) - Schedule of Credit Quality of Assets [Line Items] | ||
Loans and advances to customers | 5 | 15 |
RMS 1–3 | Stage 2 £m | Gross drawn exposures | Retail – loans and overdrafts | ||
FINANCIAL RISK MANAGEMENT (Details) - Schedule of Credit Quality of Assets [Line Items] | ||
Loans and advances to customers | 1 | 2 |
RMS 1–3 | Stage 2 £m | Gross drawn exposures | Retail – UK Motor Finance | ||
FINANCIAL RISK MANAGEMENT (Details) - Schedule of Credit Quality of Assets [Line Items] | ||
Loans and advances to customers | 743 | 465 |
RMS 1–3 | Stage 2 £m | Gross drawn exposures | Retail – other | ||
FINANCIAL RISK MANAGEMENT (Details) - Schedule of Credit Quality of Assets [Line Items] | ||
Loans and advances to customers | 328 | 228 |
RMS 1–3 | Stage 2 £m | Expected credit losses in respect of drawn exposures | Retail – UK mortgages | ||
FINANCIAL RISK MANAGEMENT (Details) - Schedule of Credit Quality of Assets [Line Items] | ||
Loans and advances to customers | 180 | 146 |
RMS 1–3 | Stage 2 £m | Expected credit losses in respect of drawn exposures | Retail – credit cards | ||
FINANCIAL RISK MANAGEMENT (Details) - Schedule of Credit Quality of Assets [Line Items] | ||
Loans and advances to customers | 0 | 0 |
RMS 1–3 | Stage 2 £m | Expected credit losses in respect of drawn exposures | Retail – loans and overdrafts | ||
FINANCIAL RISK MANAGEMENT (Details) - Schedule of Credit Quality of Assets [Line Items] | ||
Loans and advances to customers | 0 | 0 |
RMS 1–3 | Stage 2 £m | Expected credit losses in respect of drawn exposures | Retail – UK Motor Finance | ||
FINANCIAL RISK MANAGEMENT (Details) - Schedule of Credit Quality of Assets [Line Items] | ||
Loans and advances to customers | 9 | 6 |
RMS 1–3 | Stage 2 £m | Expected credit losses in respect of drawn exposures | Retail – other | ||
FINANCIAL RISK MANAGEMENT (Details) - Schedule of Credit Quality of Assets [Line Items] | ||
Loans and advances to customers | 4 | 4 |
RMS 1–3 | Stage 2 £m | Gross undrawn exposures | Retail – UK mortgages | ||
FINANCIAL RISK MANAGEMENT (Details) - Schedule of Credit Quality of Assets [Line Items] | ||
Loans and advances to customers | 159 | 67 |
RMS 1–3 | Stage 2 £m | Gross undrawn exposures | Retail – credit cards | ||
FINANCIAL RISK MANAGEMENT (Details) - Schedule of Credit Quality of Assets [Line Items] | ||
Loans and advances to customers | 30 | 81 |
RMS 1–3 | Stage 2 £m | Gross undrawn exposures | Retail – loans and overdrafts | ||
FINANCIAL RISK MANAGEMENT (Details) - Schedule of Credit Quality of Assets [Line Items] | ||
Loans and advances to customers | 2 | 3 |
RMS 1–3 | Stage 2 £m | Gross undrawn exposures | Retail – UK Motor Finance | ||
FINANCIAL RISK MANAGEMENT (Details) - Schedule of Credit Quality of Assets [Line Items] | ||
Loans and advances to customers | 0 | 0 |
RMS 1–3 | Stage 2 £m | Gross undrawn exposures | Retail – other | ||
FINANCIAL RISK MANAGEMENT (Details) - Schedule of Credit Quality of Assets [Line Items] | ||
Loans and advances to customers | 0 | 0 |
RMS 1–3 | Stage 2 £m | Expected credit losses in respect of undrawn exposures | Retail – UK mortgages | ||
FINANCIAL RISK MANAGEMENT (Details) - Schedule of Credit Quality of Assets [Line Items] | ||
Loans and advances to customers | 0 | 0 |
RMS 1–3 | Stage 2 £m | Expected credit losses in respect of undrawn exposures | Retail – credit cards | ||
FINANCIAL RISK MANAGEMENT (Details) - Schedule of Credit Quality of Assets [Line Items] | ||
Loans and advances to customers | 0 | 2 |
RMS 1–3 | Stage 2 £m | Expected credit losses in respect of undrawn exposures | Retail – loans and overdrafts | ||
FINANCIAL RISK MANAGEMENT (Details) - Schedule of Credit Quality of Assets [Line Items] | ||
Loans and advances to customers | 0 | 0 |
RMS 1–3 | Stage 2 £m | Expected credit losses in respect of undrawn exposures | Retail – UK Motor Finance | ||
FINANCIAL RISK MANAGEMENT (Details) - Schedule of Credit Quality of Assets [Line Items] | ||
Loans and advances to customers | 0 | 0 |
RMS 1–3 | Stage 2 £m | Expected credit losses in respect of undrawn exposures | Retail – other | ||
FINANCIAL RISK MANAGEMENT (Details) - Schedule of Credit Quality of Assets [Line Items] | ||
Loans and advances to customers | 0 | 0 |
RMS 1–3 | Stage 3 £m | Gross drawn exposures | Retail – UK mortgages | ||
FINANCIAL RISK MANAGEMENT (Details) - Schedule of Credit Quality of Assets [Line Items] | ||
Loans and advances to customers | 0 | 0 |
RMS 1–3 | Stage 3 £m | Gross drawn exposures | Retail – credit cards | ||
FINANCIAL RISK MANAGEMENT (Details) - Schedule of Credit Quality of Assets [Line Items] | ||
Loans and advances to customers | 0 | 0 |
RMS 1–3 | Stage 3 £m | Gross drawn exposures | Retail – loans and overdrafts | ||
FINANCIAL RISK MANAGEMENT (Details) - Schedule of Credit Quality of Assets [Line Items] | ||
Loans and advances to customers | 0 | 0 |
RMS 1–3 | Stage 3 £m | Gross drawn exposures | Retail – UK Motor Finance | ||
FINANCIAL RISK MANAGEMENT (Details) - Schedule of Credit Quality of Assets [Line Items] | ||
Loans and advances to customers | 0 | 0 |
RMS 1–3 | Stage 3 £m | Gross drawn exposures | Retail – other | ||
FINANCIAL RISK MANAGEMENT (Details) - Schedule of Credit Quality of Assets [Line Items] | ||
Loans and advances to customers | 0 | 0 |
RMS 1–3 | Stage 3 £m | Expected credit losses in respect of drawn exposures | Retail – UK mortgages | ||
FINANCIAL RISK MANAGEMENT (Details) - Schedule of Credit Quality of Assets [Line Items] | ||
Loans and advances to customers | 0 | 0 |
RMS 1–3 | Stage 3 £m | Expected credit losses in respect of drawn exposures | Retail – credit cards | ||
FINANCIAL RISK MANAGEMENT (Details) - Schedule of Credit Quality of Assets [Line Items] | ||
Loans and advances to customers | 0 | 0 |
RMS 1–3 | Stage 3 £m | Expected credit losses in respect of drawn exposures | Retail – loans and overdrafts | ||
FINANCIAL RISK MANAGEMENT (Details) - Schedule of Credit Quality of Assets [Line Items] | ||
Loans and advances to customers | 0 | 0 |
RMS 1–3 | Stage 3 £m | Expected credit losses in respect of drawn exposures | Retail – UK Motor Finance | ||
FINANCIAL RISK MANAGEMENT (Details) - Schedule of Credit Quality of Assets [Line Items] | ||
Loans and advances to customers | 0 | 0 |
RMS 1–3 | Stage 3 £m | Expected credit losses in respect of drawn exposures | Retail – other | ||
FINANCIAL RISK MANAGEMENT (Details) - Schedule of Credit Quality of Assets [Line Items] | ||
Loans and advances to customers | 0 | 0 |
RMS 1–3 | Stage 3 £m | Gross undrawn exposures | Retail – UK mortgages | ||
FINANCIAL RISK MANAGEMENT (Details) - Schedule of Credit Quality of Assets [Line Items] | ||
Loans and advances to customers | 0 | 0 |
RMS 1–3 | Stage 3 £m | Gross undrawn exposures | Retail – credit cards | ||
FINANCIAL RISK MANAGEMENT (Details) - Schedule of Credit Quality of Assets [Line Items] | ||
Loans and advances to customers | 0 | 0 |
RMS 1–3 | Stage 3 £m | Gross undrawn exposures | Retail – loans and overdrafts | ||
FINANCIAL RISK MANAGEMENT (Details) - Schedule of Credit Quality of Assets [Line Items] | ||
Loans and advances to customers | 0 | 0 |
RMS 1–3 | Stage 3 £m | Gross undrawn exposures | Retail – UK Motor Finance | ||
FINANCIAL RISK MANAGEMENT (Details) - Schedule of Credit Quality of Assets [Line Items] | ||
Loans and advances to customers | 0 | 0 |
RMS 1–3 | Stage 3 £m | Gross undrawn exposures | Retail – other | ||
FINANCIAL RISK MANAGEMENT (Details) - Schedule of Credit Quality of Assets [Line Items] | ||
Loans and advances to customers | 0 | 0 |
RMS 1–3 | Stage 3 £m | Expected credit losses in respect of undrawn exposures | Retail – UK mortgages | ||
FINANCIAL RISK MANAGEMENT (Details) - Schedule of Credit Quality of Assets [Line Items] | ||
Loans and advances to customers | 0 | 0 |
RMS 1–3 | Stage 3 £m | Expected credit losses in respect of undrawn exposures | Retail – credit cards | ||
FINANCIAL RISK MANAGEMENT (Details) - Schedule of Credit Quality of Assets [Line Items] | ||
Loans and advances to customers | 0 | 0 |
RMS 1–3 | Stage 3 £m | Expected credit losses in respect of undrawn exposures | Retail – loans and overdrafts | ||
FINANCIAL RISK MANAGEMENT (Details) - Schedule of Credit Quality of Assets [Line Items] | ||
Loans and advances to customers | 0 | 0 |
RMS 1–3 | Stage 3 £m | Expected credit losses in respect of undrawn exposures | Retail – UK Motor Finance | ||
FINANCIAL RISK MANAGEMENT (Details) - Schedule of Credit Quality of Assets [Line Items] | ||
Loans and advances to customers | 0 | 0 |
RMS 1–3 | Stage 3 £m | Expected credit losses in respect of undrawn exposures | Retail – other | ||
FINANCIAL RISK MANAGEMENT (Details) - Schedule of Credit Quality of Assets [Line Items] | ||
Loans and advances to customers | 0 | 0 |
RMS 1–3 | POCI £m | Gross drawn exposures | Retail – UK mortgages | ||
FINANCIAL RISK MANAGEMENT (Details) - Schedule of Credit Quality of Assets [Line Items] | ||
Loans and advances to customers | 0 | 0 |
RMS 1–3 | POCI £m | Gross drawn exposures | Retail – credit cards | ||
FINANCIAL RISK MANAGEMENT (Details) - Schedule of Credit Quality of Assets [Line Items] | ||
Loans and advances to customers | 0 | 0 |
RMS 1–3 | POCI £m | Gross drawn exposures | Retail – loans and overdrafts | ||
FINANCIAL RISK MANAGEMENT (Details) - Schedule of Credit Quality of Assets [Line Items] | ||
Loans and advances to customers | 0 | 0 |
RMS 1–3 | POCI £m | Gross drawn exposures | Retail – UK Motor Finance | ||
FINANCIAL RISK MANAGEMENT (Details) - Schedule of Credit Quality of Assets [Line Items] | ||
Loans and advances to customers | 0 | 0 |
RMS 1–3 | POCI £m | Gross drawn exposures | Retail – other | ||
FINANCIAL RISK MANAGEMENT (Details) - Schedule of Credit Quality of Assets [Line Items] | ||
Loans and advances to customers | 0 | 0 |
RMS 1–3 | POCI £m | Expected credit losses in respect of drawn exposures | Retail – UK mortgages | ||
FINANCIAL RISK MANAGEMENT (Details) - Schedule of Credit Quality of Assets [Line Items] | ||
Loans and advances to customers | 0 | 0 |
RMS 1–3 | POCI £m | Expected credit losses in respect of drawn exposures | Retail – credit cards | ||
FINANCIAL RISK MANAGEMENT (Details) - Schedule of Credit Quality of Assets [Line Items] | ||
Loans and advances to customers | 0 | 0 |
RMS 1–3 | POCI £m | Expected credit losses in respect of drawn exposures | Retail – loans and overdrafts | ||
FINANCIAL RISK MANAGEMENT (Details) - Schedule of Credit Quality of Assets [Line Items] | ||
Loans and advances to customers | 0 | 0 |
RMS 1–3 | POCI £m | Expected credit losses in respect of drawn exposures | Retail – UK Motor Finance | ||
FINANCIAL RISK MANAGEMENT (Details) - Schedule of Credit Quality of Assets [Line Items] | ||
Loans and advances to customers | 0 | 0 |
RMS 1–3 | POCI £m | Expected credit losses in respect of drawn exposures | Retail – other | ||
FINANCIAL RISK MANAGEMENT (Details) - Schedule of Credit Quality of Assets [Line Items] | ||
Loans and advances to customers | 0 | 0 |
RMS 1–3 | POCI £m | Gross undrawn exposures | Retail – UK mortgages | ||
FINANCIAL RISK MANAGEMENT (Details) - Schedule of Credit Quality of Assets [Line Items] | ||
Loans and advances to customers | 0 | 0 |
RMS 1–3 | POCI £m | Gross undrawn exposures | Retail – credit cards | ||
FINANCIAL RISK MANAGEMENT (Details) - Schedule of Credit Quality of Assets [Line Items] | ||
Loans and advances to customers | 0 | 0 |
RMS 1–3 | POCI £m | Gross undrawn exposures | Retail – loans and overdrafts | ||
FINANCIAL RISK MANAGEMENT (Details) - Schedule of Credit Quality of Assets [Line Items] | ||
Loans and advances to customers | 0 | 0 |
RMS 1–3 | POCI £m | Gross undrawn exposures | Retail – UK Motor Finance | ||
FINANCIAL RISK MANAGEMENT (Details) - Schedule of Credit Quality of Assets [Line Items] | ||
Loans and advances to customers | 0 | 0 |
RMS 1–3 | POCI £m | Gross undrawn exposures | Retail – other | ||
FINANCIAL RISK MANAGEMENT (Details) - Schedule of Credit Quality of Assets [Line Items] | ||
Loans and advances to customers | 0 | 0 |
RMS 1–3 | POCI £m | Expected credit losses in respect of undrawn exposures | Retail – UK mortgages | ||
FINANCIAL RISK MANAGEMENT (Details) - Schedule of Credit Quality of Assets [Line Items] | ||
Loans and advances to customers | 0 | 0 |
RMS 1–3 | POCI £m | Expected credit losses in respect of undrawn exposures | Retail – credit cards | ||
FINANCIAL RISK MANAGEMENT (Details) - Schedule of Credit Quality of Assets [Line Items] | ||
Loans and advances to customers | 0 | 0 |
RMS 1–3 | POCI £m | Expected credit losses in respect of undrawn exposures | Retail – loans and overdrafts | ||
FINANCIAL RISK MANAGEMENT (Details) - Schedule of Credit Quality of Assets [Line Items] | ||
Loans and advances to customers | 0 | 0 |
RMS 1–3 | POCI £m | Expected credit losses in respect of undrawn exposures | Retail – UK Motor Finance | ||
FINANCIAL RISK MANAGEMENT (Details) - Schedule of Credit Quality of Assets [Line Items] | ||
Loans and advances to customers | 0 | 0 |
RMS 1–3 | POCI £m | Expected credit losses in respect of undrawn exposures | Retail – other | ||
FINANCIAL RISK MANAGEMENT (Details) - Schedule of Credit Quality of Assets [Line Items] | ||
Loans and advances to customers | 0 | 0 |
RMS 4–6 | Gross drawn exposures | Retail – UK mortgages | ||
FINANCIAL RISK MANAGEMENT (Details) - Schedule of Credit Quality of Assets [Line Items] | ||
Loans and advances to customers | 17,945 | 11,259 |
RMS 4–6 | Gross drawn exposures | Retail – credit cards | ||
FINANCIAL RISK MANAGEMENT (Details) - Schedule of Credit Quality of Assets [Line Items] | ||
Loans and advances to customers | 7,938 | 7,115 |
RMS 4–6 | Gross drawn exposures | Retail – loans and overdrafts | ||
FINANCIAL RISK MANAGEMENT (Details) - Schedule of Credit Quality of Assets [Line Items] | ||
Loans and advances to customers | 6,353 | 6,293 |
RMS 4–6 | Gross drawn exposures | Retail – UK Motor Finance | ||
FINANCIAL RISK MANAGEMENT (Details) - Schedule of Credit Quality of Assets [Line Items] | ||
Loans and advances to customers | 3,708 | 3,748 |
RMS 4–6 | Gross drawn exposures | Retail – other | ||
FINANCIAL RISK MANAGEMENT (Details) - Schedule of Credit Quality of Assets [Line Items] | ||
Loans and advances to customers | 1,524 | 1,651 |
RMS 4–6 | Expected credit losses in respect of drawn exposures | Retail – UK mortgages | ||
FINANCIAL RISK MANAGEMENT (Details) - Schedule of Credit Quality of Assets [Line Items] | ||
Loans and advances to customers | 150 | 104 |
RMS 4–6 | Expected credit losses in respect of drawn exposures | Retail – credit cards | ||
FINANCIAL RISK MANAGEMENT (Details) - Schedule of Credit Quality of Assets [Line Items] | ||
Loans and advances to customers | 136 | 101 |
RMS 4–6 | Expected credit losses in respect of drawn exposures | Retail – loans and overdrafts | ||
FINANCIAL RISK MANAGEMENT (Details) - Schedule of Credit Quality of Assets [Line Items] | ||
Loans and advances to customers | 114 | 102 |
RMS 4–6 | Expected credit losses in respect of drawn exposures | Retail – UK Motor Finance | ||
FINANCIAL RISK MANAGEMENT (Details) - Schedule of Credit Quality of Assets [Line Items] | ||
Loans and advances to customers | 45 | 41 |
RMS 4–6 | Expected credit losses in respect of drawn exposures | Retail – other | ||
FINANCIAL RISK MANAGEMENT (Details) - Schedule of Credit Quality of Assets [Line Items] | ||
Loans and advances to customers | 15 | 19 |
RMS 4–6 | Gross undrawn exposures | Retail – UK mortgages | ||
FINANCIAL RISK MANAGEMENT (Details) - Schedule of Credit Quality of Assets [Line Items] | ||
Loans and advances to customers | 145 | 49 |
RMS 4–6 | Gross undrawn exposures | Retail – credit cards | ||
FINANCIAL RISK MANAGEMENT (Details) - Schedule of Credit Quality of Assets [Line Items] | ||
Loans and advances to customers | 17,330 | 10,971 |
RMS 4–6 | Gross undrawn exposures | Retail – loans and overdrafts | ||
FINANCIAL RISK MANAGEMENT (Details) - Schedule of Credit Quality of Assets [Line Items] | ||
Loans and advances to customers | 2,004 | 1,408 |
RMS 4–6 | Gross undrawn exposures | Retail – UK Motor Finance | ||
FINANCIAL RISK MANAGEMENT (Details) - Schedule of Credit Quality of Assets [Line Items] | ||
Loans and advances to customers | 1,259 | 1,180 |
RMS 4–6 | Gross undrawn exposures | Retail – other | ||
FINANCIAL RISK MANAGEMENT (Details) - Schedule of Credit Quality of Assets [Line Items] | ||
Loans and advances to customers | 198 | 298 |
RMS 4–6 | Expected credit losses in respect of undrawn exposures | Retail – UK mortgages | ||
FINANCIAL RISK MANAGEMENT (Details) - Schedule of Credit Quality of Assets [Line Items] | ||
Loans and advances to customers | 1 | 0 |
RMS 4–6 | Expected credit losses in respect of undrawn exposures | Retail – credit cards | ||
FINANCIAL RISK MANAGEMENT (Details) - Schedule of Credit Quality of Assets [Line Items] | ||
Loans and advances to customers | 60 | 44 |
RMS 4–6 | Expected credit losses in respect of undrawn exposures | Retail – loans and overdrafts | ||
FINANCIAL RISK MANAGEMENT (Details) - Schedule of Credit Quality of Assets [Line Items] | ||
Loans and advances to customers | 18 | 9 |
RMS 4–6 | Expected credit losses in respect of undrawn exposures | Retail – UK Motor Finance | ||
FINANCIAL RISK MANAGEMENT (Details) - Schedule of Credit Quality of Assets [Line Items] | ||
Loans and advances to customers | 2 | 2 |
RMS 4–6 | Expected credit losses in respect of undrawn exposures | Retail – other | ||
FINANCIAL RISK MANAGEMENT (Details) - Schedule of Credit Quality of Assets [Line Items] | ||
Loans and advances to customers | 3 | 1 |
RMS 4–6 | Stage 1 £m | Gross drawn exposures | Retail – UK mortgages | ||
FINANCIAL RISK MANAGEMENT (Details) - Schedule of Credit Quality of Assets [Line Items] | ||
Loans and advances to customers | 6,557 | 2,971 |
RMS 4–6 | Stage 1 £m | Gross drawn exposures | Retail – credit cards | ||
FINANCIAL RISK MANAGEMENT (Details) - Schedule of Credit Quality of Assets [Line Items] | ||
Loans and advances to customers | 6,497 | 6,023 |
RMS 4–6 | Stage 1 £m | Gross drawn exposures | Retail – loans and overdrafts | ||
FINANCIAL RISK MANAGEMENT (Details) - Schedule of Credit Quality of Assets [Line Items] | ||
Loans and advances to customers | 5,902 | 5,794 |
RMS 4–6 | Stage 1 £m | Gross drawn exposures | Retail – UK Motor Finance | ||
FINANCIAL RISK MANAGEMENT (Details) - Schedule of Credit Quality of Assets [Line Items] | ||
Loans and advances to customers | 2,778 | 2,904 |
RMS 4–6 | Stage 1 £m | Gross drawn exposures | Retail – other | ||
FINANCIAL RISK MANAGEMENT (Details) - Schedule of Credit Quality of Assets [Line Items] | ||
Loans and advances to customers | 1,311 | 1,386 |
RMS 4–6 | Stage 1 £m | Expected credit losses in respect of drawn exposures | Retail – UK mortgages | ||
FINANCIAL RISK MANAGEMENT (Details) - Schedule of Credit Quality of Assets [Line Items] | ||
Loans and advances to customers | 10 | 0 |
RMS 4–6 | Stage 1 £m | Expected credit losses in respect of drawn exposures | Retail – credit cards | ||
FINANCIAL RISK MANAGEMENT (Details) - Schedule of Credit Quality of Assets [Line Items] | ||
Loans and advances to customers | 66 | 58 |
RMS 4–6 | Stage 1 £m | Expected credit losses in respect of drawn exposures | Retail – loans and overdrafts | ||
FINANCIAL RISK MANAGEMENT (Details) - Schedule of Credit Quality of Assets [Line Items] | ||
Loans and advances to customers | 90 | 79 |
RMS 4–6 | Stage 1 £m | Expected credit losses in respect of drawn exposures | Retail – UK Motor Finance | ||
FINANCIAL RISK MANAGEMENT (Details) - Schedule of Credit Quality of Assets [Line Items] | ||
Loans and advances to customers | 25 | 22 |
RMS 4–6 | Stage 1 £m | Expected credit losses in respect of drawn exposures | Retail – other | ||
FINANCIAL RISK MANAGEMENT (Details) - Schedule of Credit Quality of Assets [Line Items] | ||
Loans and advances to customers | 4 | 11 |
RMS 4–6 | Stage 1 £m | Gross undrawn exposures | Retail – UK mortgages | ||
FINANCIAL RISK MANAGEMENT (Details) - Schedule of Credit Quality of Assets [Line Items] | ||
Loans and advances to customers | 83 | 24 |
RMS 4–6 | Stage 1 £m | Gross undrawn exposures | Retail – credit cards | ||
FINANCIAL RISK MANAGEMENT (Details) - Schedule of Credit Quality of Assets [Line Items] | ||
Loans and advances to customers | 14,355 | 8,811 |
RMS 4–6 | Stage 1 £m | Gross undrawn exposures | Retail – loans and overdrafts | ||
FINANCIAL RISK MANAGEMENT (Details) - Schedule of Credit Quality of Assets [Line Items] | ||
Loans and advances to customers | 1,618 | 1,180 |
RMS 4–6 | Stage 1 £m | Gross undrawn exposures | Retail – UK Motor Finance | ||
FINANCIAL RISK MANAGEMENT (Details) - Schedule of Credit Quality of Assets [Line Items] | ||
Loans and advances to customers | 1,259 | 1,180 |
RMS 4–6 | Stage 1 £m | Gross undrawn exposures | Retail – other | ||
FINANCIAL RISK MANAGEMENT (Details) - Schedule of Credit Quality of Assets [Line Items] | ||
Loans and advances to customers | 198 | 298 |
RMS 4–6 | Stage 1 £m | Expected credit losses in respect of undrawn exposures | Retail – UK mortgages | ||
FINANCIAL RISK MANAGEMENT (Details) - Schedule of Credit Quality of Assets [Line Items] | ||
Loans and advances to customers | 1 | 0 |
RMS 4–6 | Stage 1 £m | Expected credit losses in respect of undrawn exposures | Retail – credit cards | ||
FINANCIAL RISK MANAGEMENT (Details) - Schedule of Credit Quality of Assets [Line Items] | ||
Loans and advances to customers | 32 | 22 |
RMS 4–6 | Stage 1 £m | Expected credit losses in respect of undrawn exposures | Retail – loans and overdrafts | ||
FINANCIAL RISK MANAGEMENT (Details) - Schedule of Credit Quality of Assets [Line Items] | ||
Loans and advances to customers | 6 | 5 |
RMS 4–6 | Stage 1 £m | Expected credit losses in respect of undrawn exposures | Retail – UK Motor Finance | ||
FINANCIAL RISK MANAGEMENT (Details) - Schedule of Credit Quality of Assets [Line Items] | ||
Loans and advances to customers | 2 | 2 |
RMS 4–6 | Stage 1 £m | Expected credit losses in respect of undrawn exposures | Retail – other | ||
FINANCIAL RISK MANAGEMENT (Details) - Schedule of Credit Quality of Assets [Line Items] | ||
Loans and advances to customers | 3 | 1 |
RMS 4–6 | Stage 2 £m | Gross drawn exposures | Retail – UK mortgages | ||
FINANCIAL RISK MANAGEMENT (Details) - Schedule of Credit Quality of Assets [Line Items] | ||
Loans and advances to customers | 11,388 | 8,288 |
RMS 4–6 | Stage 2 £m | Gross drawn exposures | Retail – credit cards | ||
FINANCIAL RISK MANAGEMENT (Details) - Schedule of Credit Quality of Assets [Line Items] | ||
Loans and advances to customers | 1,441 | 1,092 |
RMS 4–6 | Stage 2 £m | Gross drawn exposures | Retail – loans and overdrafts | ||
FINANCIAL RISK MANAGEMENT (Details) - Schedule of Credit Quality of Assets [Line Items] | ||
Loans and advances to customers | 451 | 499 |
RMS 4–6 | Stage 2 £m | Gross drawn exposures | Retail – UK Motor Finance | ||
FINANCIAL RISK MANAGEMENT (Details) - Schedule of Credit Quality of Assets [Line Items] | ||
Loans and advances to customers | 930 | 844 |
RMS 4–6 | Stage 2 £m | Gross drawn exposures | Retail – other | ||
FINANCIAL RISK MANAGEMENT (Details) - Schedule of Credit Quality of Assets [Line Items] | ||
Loans and advances to customers | 213 | 265 |
RMS 4–6 | Stage 2 £m | Expected credit losses in respect of drawn exposures | Retail – UK mortgages | ||
FINANCIAL RISK MANAGEMENT (Details) - Schedule of Credit Quality of Assets [Line Items] | ||
Loans and advances to customers | 140 | 104 |
RMS 4–6 | Stage 2 £m | Expected credit losses in respect of drawn exposures | Retail – credit cards | ||
FINANCIAL RISK MANAGEMENT (Details) - Schedule of Credit Quality of Assets [Line Items] | ||
Loans and advances to customers | 70 | 43 |
RMS 4–6 | Stage 2 £m | Expected credit losses in respect of drawn exposures | Retail – loans and overdrafts | ||
FINANCIAL RISK MANAGEMENT (Details) - Schedule of Credit Quality of Assets [Line Items] | ||
Loans and advances to customers | 24 | 23 |
RMS 4–6 | Stage 2 £m | Expected credit losses in respect of drawn exposures | Retail – UK Motor Finance | ||
FINANCIAL RISK MANAGEMENT (Details) - Schedule of Credit Quality of Assets [Line Items] | ||
Loans and advances to customers | 20 | 19 |
RMS 4–6 | Stage 2 £m | Expected credit losses in respect of drawn exposures | Retail – other | ||
FINANCIAL RISK MANAGEMENT (Details) - Schedule of Credit Quality of Assets [Line Items] | ||
Loans and advances to customers | 11 | 8 |
RMS 4–6 | Stage 2 £m | Gross undrawn exposures | Retail – UK mortgages | ||
FINANCIAL RISK MANAGEMENT (Details) - Schedule of Credit Quality of Assets [Line Items] | ||
Loans and advances to customers | 62 | 25 |
RMS 4–6 | Stage 2 £m | Gross undrawn exposures | Retail – credit cards | ||
FINANCIAL RISK MANAGEMENT (Details) - Schedule of Credit Quality of Assets [Line Items] | ||
Loans and advances to customers | 2,975 | 2,160 |
RMS 4–6 | Stage 2 £m | Gross undrawn exposures | Retail – loans and overdrafts | ||
FINANCIAL RISK MANAGEMENT (Details) - Schedule of Credit Quality of Assets [Line Items] | ||
Loans and advances to customers | 386 | 228 |
RMS 4–6 | Stage 2 £m | Gross undrawn exposures | Retail – UK Motor Finance | ||
FINANCIAL RISK MANAGEMENT (Details) - Schedule of Credit Quality of Assets [Line Items] | ||
Loans and advances to customers | 0 | 0 |
RMS 4–6 | Stage 2 £m | Gross undrawn exposures | Retail – other | ||
FINANCIAL RISK MANAGEMENT (Details) - Schedule of Credit Quality of Assets [Line Items] | ||
Loans and advances to customers | 0 | 0 |
RMS 4–6 | Stage 2 £m | Expected credit losses in respect of undrawn exposures | Retail – UK mortgages | ||
FINANCIAL RISK MANAGEMENT (Details) - Schedule of Credit Quality of Assets [Line Items] | ||
Loans and advances to customers | 0 | 0 |
RMS 4–6 | Stage 2 £m | Expected credit losses in respect of undrawn exposures | Retail – credit cards | ||
FINANCIAL RISK MANAGEMENT (Details) - Schedule of Credit Quality of Assets [Line Items] | ||
Loans and advances to customers | 28 | 22 |
RMS 4–6 | Stage 2 £m | Expected credit losses in respect of undrawn exposures | Retail – loans and overdrafts | ||
FINANCIAL RISK MANAGEMENT (Details) - Schedule of Credit Quality of Assets [Line Items] | ||
Loans and advances to customers | 12 | 4 |
RMS 4–6 | Stage 2 £m | Expected credit losses in respect of undrawn exposures | Retail – UK Motor Finance | ||
FINANCIAL RISK MANAGEMENT (Details) - Schedule of Credit Quality of Assets [Line Items] | ||
Loans and advances to customers | 0 | 0 |
RMS 4–6 | Stage 2 £m | Expected credit losses in respect of undrawn exposures | Retail – other | ||
FINANCIAL RISK MANAGEMENT (Details) - Schedule of Credit Quality of Assets [Line Items] | ||
Loans and advances to customers | 0 | 0 |
RMS 4–6 | Stage 3 £m | Gross drawn exposures | Retail – UK mortgages | ||
FINANCIAL RISK MANAGEMENT (Details) - Schedule of Credit Quality of Assets [Line Items] | ||
Loans and advances to customers | 0 | 0 |
RMS 4–6 | Stage 3 £m | Gross drawn exposures | Retail – credit cards | ||
FINANCIAL RISK MANAGEMENT (Details) - Schedule of Credit Quality of Assets [Line Items] | ||
Loans and advances to customers | 0 | 0 |
RMS 4–6 | Stage 3 £m | Gross drawn exposures | Retail – loans and overdrafts | ||
FINANCIAL RISK MANAGEMENT (Details) - Schedule of Credit Quality of Assets [Line Items] | ||
Loans and advances to customers | 0 | 0 |
RMS 4–6 | Stage 3 £m | Gross drawn exposures | Retail – UK Motor Finance | ||
FINANCIAL RISK MANAGEMENT (Details) - Schedule of Credit Quality of Assets [Line Items] | ||
Loans and advances to customers | 0 | 0 |
RMS 4–6 | Stage 3 £m | Gross drawn exposures | Retail – other | ||
FINANCIAL RISK MANAGEMENT (Details) - Schedule of Credit Quality of Assets [Line Items] | ||
Loans and advances to customers | 0 | 0 |
RMS 4–6 | Stage 3 £m | Expected credit losses in respect of drawn exposures | Retail – UK mortgages | ||
FINANCIAL RISK MANAGEMENT (Details) - Schedule of Credit Quality of Assets [Line Items] | ||
Loans and advances to customers | 0 | 0 |
RMS 4–6 | Stage 3 £m | Expected credit losses in respect of drawn exposures | Retail – credit cards | ||
FINANCIAL RISK MANAGEMENT (Details) - Schedule of Credit Quality of Assets [Line Items] | ||
Loans and advances to customers | 0 | 0 |
RMS 4–6 | Stage 3 £m | Expected credit losses in respect of drawn exposures | Retail – loans and overdrafts | ||
FINANCIAL RISK MANAGEMENT (Details) - Schedule of Credit Quality of Assets [Line Items] | ||
Loans and advances to customers | 0 | 0 |
RMS 4–6 | Stage 3 £m | Expected credit losses in respect of drawn exposures | Retail – UK Motor Finance | ||
FINANCIAL RISK MANAGEMENT (Details) - Schedule of Credit Quality of Assets [Line Items] | ||
Loans and advances to customers | 0 | 0 |
RMS 4–6 | Stage 3 £m | Expected credit losses in respect of drawn exposures | Retail – other | ||
FINANCIAL RISK MANAGEMENT (Details) - Schedule of Credit Quality of Assets [Line Items] | ||
Loans and advances to customers | 0 | 0 |
RMS 4–6 | Stage 3 £m | Gross undrawn exposures | Retail – UK mortgages | ||
FINANCIAL RISK MANAGEMENT (Details) - Schedule of Credit Quality of Assets [Line Items] | ||
Loans and advances to customers | 0 | 0 |
RMS 4–6 | Stage 3 £m | Gross undrawn exposures | Retail – credit cards | ||
FINANCIAL RISK MANAGEMENT (Details) - Schedule of Credit Quality of Assets [Line Items] | ||
Loans and advances to customers | 0 | 0 |
RMS 4–6 | Stage 3 £m | Gross undrawn exposures | Retail – loans and overdrafts | ||
FINANCIAL RISK MANAGEMENT (Details) - Schedule of Credit Quality of Assets [Line Items] | ||
Loans and advances to customers | 0 | 0 |
RMS 4–6 | Stage 3 £m | Gross undrawn exposures | Retail – UK Motor Finance | ||
FINANCIAL RISK MANAGEMENT (Details) - Schedule of Credit Quality of Assets [Line Items] | ||
Loans and advances to customers | 0 | 0 |
RMS 4–6 | Stage 3 £m | Gross undrawn exposures | Retail – other | ||
FINANCIAL RISK MANAGEMENT (Details) - Schedule of Credit Quality of Assets [Line Items] | ||
Loans and advances to customers | 0 | 0 |
RMS 4–6 | Stage 3 £m | Expected credit losses in respect of undrawn exposures | Retail – UK mortgages | ||
FINANCIAL RISK MANAGEMENT (Details) - Schedule of Credit Quality of Assets [Line Items] | ||
Loans and advances to customers | 0 | 0 |
RMS 4–6 | Stage 3 £m | Expected credit losses in respect of undrawn exposures | Retail – credit cards | ||
FINANCIAL RISK MANAGEMENT (Details) - Schedule of Credit Quality of Assets [Line Items] | ||
Loans and advances to customers | 0 | 0 |
RMS 4–6 | Stage 3 £m | Expected credit losses in respect of undrawn exposures | Retail – loans and overdrafts | ||
FINANCIAL RISK MANAGEMENT (Details) - Schedule of Credit Quality of Assets [Line Items] | ||
Loans and advances to customers | 0 | 0 |
RMS 4–6 | Stage 3 £m | Expected credit losses in respect of undrawn exposures | Retail – UK Motor Finance | ||
FINANCIAL RISK MANAGEMENT (Details) - Schedule of Credit Quality of Assets [Line Items] | ||
Loans and advances to customers | 0 | 0 |
RMS 4–6 | Stage 3 £m | Expected credit losses in respect of undrawn exposures | Retail – other | ||
FINANCIAL RISK MANAGEMENT (Details) - Schedule of Credit Quality of Assets [Line Items] | ||
Loans and advances to customers | 0 | 0 |
RMS 4–6 | POCI £m | Gross drawn exposures | Retail – UK mortgages | ||
FINANCIAL RISK MANAGEMENT (Details) - Schedule of Credit Quality of Assets [Line Items] | ||
Loans and advances to customers | 0 | 0 |
RMS 4–6 | POCI £m | Gross drawn exposures | Retail – credit cards | ||
FINANCIAL RISK MANAGEMENT (Details) - Schedule of Credit Quality of Assets [Line Items] | ||
Loans and advances to customers | 0 | 0 |
RMS 4–6 | POCI £m | Gross drawn exposures | Retail – loans and overdrafts | ||
FINANCIAL RISK MANAGEMENT (Details) - Schedule of Credit Quality of Assets [Line Items] | ||
Loans and advances to customers | 0 | 0 |
RMS 4–6 | POCI £m | Gross drawn exposures | Retail – UK Motor Finance | ||
FINANCIAL RISK MANAGEMENT (Details) - Schedule of Credit Quality of Assets [Line Items] | ||
Loans and advances to customers | 0 | 0 |
RMS 4–6 | POCI £m | Gross drawn exposures | Retail – other | ||
FINANCIAL RISK MANAGEMENT (Details) - Schedule of Credit Quality of Assets [Line Items] | ||
Loans and advances to customers | 0 | 0 |
RMS 4–6 | POCI £m | Expected credit losses in respect of drawn exposures | Retail – UK mortgages | ||
FINANCIAL RISK MANAGEMENT (Details) - Schedule of Credit Quality of Assets [Line Items] | ||
Loans and advances to customers | 0 | 0 |
RMS 4–6 | POCI £m | Expected credit losses in respect of drawn exposures | Retail – credit cards | ||
FINANCIAL RISK MANAGEMENT (Details) - Schedule of Credit Quality of Assets [Line Items] | ||
Loans and advances to customers | 0 | 0 |
RMS 4–6 | POCI £m | Expected credit losses in respect of drawn exposures | Retail – loans and overdrafts | ||
FINANCIAL RISK MANAGEMENT (Details) - Schedule of Credit Quality of Assets [Line Items] | ||
Loans and advances to customers | 0 | 0 |
RMS 4–6 | POCI £m | Expected credit losses in respect of drawn exposures | Retail – UK Motor Finance | ||
FINANCIAL RISK MANAGEMENT (Details) - Schedule of Credit Quality of Assets [Line Items] | ||
Loans and advances to customers | 0 | 0 |
RMS 4–6 | POCI £m | Expected credit losses in respect of drawn exposures | Retail – other | ||
FINANCIAL RISK MANAGEMENT (Details) - Schedule of Credit Quality of Assets [Line Items] | ||
Loans and advances to customers | 0 | 0 |
RMS 4–6 | POCI £m | Gross undrawn exposures | Retail – UK mortgages | ||
FINANCIAL RISK MANAGEMENT (Details) - Schedule of Credit Quality of Assets [Line Items] | ||
Loans and advances to customers | 0 | 0 |
RMS 4–6 | POCI £m | Gross undrawn exposures | Retail – credit cards | ||
FINANCIAL RISK MANAGEMENT (Details) - Schedule of Credit Quality of Assets [Line Items] | ||
Loans and advances to customers | 0 | 0 |
RMS 4–6 | POCI £m | Gross undrawn exposures | Retail – loans and overdrafts | ||
FINANCIAL RISK MANAGEMENT (Details) - Schedule of Credit Quality of Assets [Line Items] | ||
Loans and advances to customers | 0 | 0 |
RMS 4–6 | POCI £m | Gross undrawn exposures | Retail – UK Motor Finance | ||
FINANCIAL RISK MANAGEMENT (Details) - Schedule of Credit Quality of Assets [Line Items] | ||
Loans and advances to customers | 0 | 0 |
RMS 4–6 | POCI £m | Gross undrawn exposures | Retail – other | ||
FINANCIAL RISK MANAGEMENT (Details) - Schedule of Credit Quality of Assets [Line Items] | ||
Loans and advances to customers | 0 | 0 |
RMS 4–6 | POCI £m | Expected credit losses in respect of undrawn exposures | Retail – UK mortgages | ||
FINANCIAL RISK MANAGEMENT (Details) - Schedule of Credit Quality of Assets [Line Items] | ||
Loans and advances to customers | 0 | 0 |
RMS 4–6 | POCI £m | Expected credit losses in respect of undrawn exposures | Retail – credit cards | ||
FINANCIAL RISK MANAGEMENT (Details) - Schedule of Credit Quality of Assets [Line Items] | ||
Loans and advances to customers | 0 | 0 |
RMS 4–6 | POCI £m | Expected credit losses in respect of undrawn exposures | Retail – loans and overdrafts | ||
FINANCIAL RISK MANAGEMENT (Details) - Schedule of Credit Quality of Assets [Line Items] | ||
Loans and advances to customers | 0 | 0 |
RMS 4–6 | POCI £m | Expected credit losses in respect of undrawn exposures | Retail – UK Motor Finance | ||
FINANCIAL RISK MANAGEMENT (Details) - Schedule of Credit Quality of Assets [Line Items] | ||
Loans and advances to customers | 0 | 0 |
RMS 4–6 | POCI £m | Expected credit losses in respect of undrawn exposures | Retail – other | ||
FINANCIAL RISK MANAGEMENT (Details) - Schedule of Credit Quality of Assets [Line Items] | ||
Loans and advances to customers | 0 | 0 |
RMS 7–9 | Gross drawn exposures | Retail – UK mortgages | ||
FINANCIAL RISK MANAGEMENT (Details) - Schedule of Credit Quality of Assets [Line Items] | ||
Loans and advances to customers | 2,466 | 2,267 |
RMS 7–9 | Gross drawn exposures | Retail – credit cards | ||
FINANCIAL RISK MANAGEMENT (Details) - Schedule of Credit Quality of Assets [Line Items] | ||
Loans and advances to customers | 2,578 | 1,442 |
RMS 7–9 | Gross drawn exposures | Retail – loans and overdrafts | ||
FINANCIAL RISK MANAGEMENT (Details) - Schedule of Credit Quality of Assets [Line Items] | ||
Loans and advances to customers | 2,381 | 1,224 |
RMS 7–9 | Gross drawn exposures | Retail – UK Motor Finance | ||
FINANCIAL RISK MANAGEMENT (Details) - Schedule of Credit Quality of Assets [Line Items] | ||
Loans and advances to customers | 750 | 881 |
RMS 7–9 | Gross drawn exposures | Retail – other | ||
FINANCIAL RISK MANAGEMENT (Details) - Schedule of Credit Quality of Assets [Line Items] | ||
Loans and advances to customers | 90 | 88 |
RMS 7–9 | Expected credit losses in respect of drawn exposures | Retail – UK mortgages | ||
FINANCIAL RISK MANAGEMENT (Details) - Schedule of Credit Quality of Assets [Line Items] | ||
Loans and advances to customers | 72 | 64 |
RMS 7–9 | Expected credit losses in respect of drawn exposures | Retail – credit cards | ||
FINANCIAL RISK MANAGEMENT (Details) - Schedule of Credit Quality of Assets [Line Items] | ||
Loans and advances to customers | 214 | 100 |
RMS 7–9 | Expected credit losses in respect of drawn exposures | Retail – loans and overdrafts | ||
FINANCIAL RISK MANAGEMENT (Details) - Schedule of Credit Quality of Assets [Line Items] | ||
Loans and advances to customers | 152 | 72 |
RMS 7–9 | Expected credit losses in respect of drawn exposures | Retail – UK Motor Finance | ||
FINANCIAL RISK MANAGEMENT (Details) - Schedule of Credit Quality of Assets [Line Items] | ||
Loans and advances to customers | 15 | 20 |
RMS 7–9 | Expected credit losses in respect of drawn exposures | Retail – other | ||
FINANCIAL RISK MANAGEMENT (Details) - Schedule of Credit Quality of Assets [Line Items] | ||
Loans and advances to customers | 3 | 3 |
RMS 7–9 | Gross undrawn exposures | Retail – UK mortgages | ||
FINANCIAL RISK MANAGEMENT (Details) - Schedule of Credit Quality of Assets [Line Items] | ||
Loans and advances to customers | 25 | 3 |
RMS 7–9 | Gross undrawn exposures | Retail – credit cards | ||
FINANCIAL RISK MANAGEMENT (Details) - Schedule of Credit Quality of Assets [Line Items] | ||
Loans and advances to customers | 1,002 | 414 |
RMS 7–9 | Gross undrawn exposures | Retail – loans and overdrafts | ||
FINANCIAL RISK MANAGEMENT (Details) - Schedule of Credit Quality of Assets [Line Items] | ||
Loans and advances to customers | 412 | 145 |
RMS 7–9 | Gross undrawn exposures | Retail – UK Motor Finance | ||
FINANCIAL RISK MANAGEMENT (Details) - Schedule of Credit Quality of Assets [Line Items] | ||
Loans and advances to customers | 348 | 527 |
RMS 7–9 | Gross undrawn exposures | Retail – other | ||
FINANCIAL RISK MANAGEMENT (Details) - Schedule of Credit Quality of Assets [Line Items] | ||
Loans and advances to customers | 0 | 0 |
RMS 7–9 | Expected credit losses in respect of undrawn exposures | Retail – UK mortgages | ||
FINANCIAL RISK MANAGEMENT (Details) - Schedule of Credit Quality of Assets [Line Items] | ||
Loans and advances to customers | 0 | 0 |
RMS 7–9 | Expected credit losses in respect of undrawn exposures | Retail – credit cards | ||
FINANCIAL RISK MANAGEMENT (Details) - Schedule of Credit Quality of Assets [Line Items] | ||
Loans and advances to customers | 13 | 6 |
RMS 7–9 | Expected credit losses in respect of undrawn exposures | Retail – loans and overdrafts | ||
FINANCIAL RISK MANAGEMENT (Details) - Schedule of Credit Quality of Assets [Line Items] | ||
Loans and advances to customers | 24 | 6 |
RMS 7–9 | Expected credit losses in respect of undrawn exposures | Retail – UK Motor Finance | ||
FINANCIAL RISK MANAGEMENT (Details) - Schedule of Credit Quality of Assets [Line Items] | ||
Loans and advances to customers | 0 | 0 |
RMS 7–9 | Expected credit losses in respect of undrawn exposures | Retail – other | ||
FINANCIAL RISK MANAGEMENT (Details) - Schedule of Credit Quality of Assets [Line Items] | ||
Loans and advances to customers | 0 | 0 |
RMS 7–9 | Stage 1 £m | Gross drawn exposures | Retail – UK mortgages | ||
FINANCIAL RISK MANAGEMENT (Details) - Schedule of Credit Quality of Assets [Line Items] | ||
Loans and advances to customers | 23 | 9 |
RMS 7–9 | Stage 1 £m | Gross drawn exposures | Retail – credit cards | ||
FINANCIAL RISK MANAGEMENT (Details) - Schedule of Credit Quality of Assets [Line Items] | ||
Loans and advances to customers | 1,332 | 819 |
RMS 7–9 | Stage 1 £m | Gross drawn exposures | Retail – loans and overdrafts | ||
FINANCIAL RISK MANAGEMENT (Details) - Schedule of Credit Quality of Assets [Line Items] | ||
Loans and advances to customers | 1,724 | 938 |
RMS 7–9 | Stage 1 £m | Gross drawn exposures | Retail – UK Motor Finance | ||
FINANCIAL RISK MANAGEMENT (Details) - Schedule of Credit Quality of Assets [Line Items] | ||
Loans and advances to customers | 425 | 583 |
RMS 7–9 | Stage 1 £m | Gross drawn exposures | Retail – other | ||
FINANCIAL RISK MANAGEMENT (Details) - Schedule of Credit Quality of Assets [Line Items] | ||
Loans and advances to customers | 0 | 0 |
RMS 7–9 | Stage 1 £m | Expected credit losses in respect of drawn exposures | Retail – UK mortgages | ||
FINANCIAL RISK MANAGEMENT (Details) - Schedule of Credit Quality of Assets [Line Items] | ||
Loans and advances to customers | 0 | 0 |
RMS 7–9 | Stage 1 £m | Expected credit losses in respect of drawn exposures | Retail – credit cards | ||
FINANCIAL RISK MANAGEMENT (Details) - Schedule of Credit Quality of Assets [Line Items] | ||
Loans and advances to customers | 47 | 29 |
RMS 7–9 | Stage 1 £m | Expected credit losses in respect of drawn exposures | Retail – loans and overdrafts | ||
FINANCIAL RISK MANAGEMENT (Details) - Schedule of Credit Quality of Assets [Line Items] | ||
Loans and advances to customers | 69 | 39 |
RMS 7–9 | Stage 1 £m | Expected credit losses in respect of drawn exposures | Retail – UK Motor Finance | ||
FINANCIAL RISK MANAGEMENT (Details) - Schedule of Credit Quality of Assets [Line Items] | ||
Loans and advances to customers | 2 | 5 |
RMS 7–9 | Stage 1 £m | Expected credit losses in respect of drawn exposures | Retail – other | ||
FINANCIAL RISK MANAGEMENT (Details) - Schedule of Credit Quality of Assets [Line Items] | ||
Loans and advances to customers | 0 | 0 |
RMS 7–9 | Stage 1 £m | Gross undrawn exposures | Retail – UK mortgages | ||
FINANCIAL RISK MANAGEMENT (Details) - Schedule of Credit Quality of Assets [Line Items] | ||
Loans and advances to customers | 0 | 0 |
RMS 7–9 | Stage 1 £m | Gross undrawn exposures | Retail – credit cards | ||
FINANCIAL RISK MANAGEMENT (Details) - Schedule of Credit Quality of Assets [Line Items] | ||
Loans and advances to customers | 580 | 242 |
RMS 7–9 | Stage 1 £m | Gross undrawn exposures | Retail – loans and overdrafts | ||
FINANCIAL RISK MANAGEMENT (Details) - Schedule of Credit Quality of Assets [Line Items] | ||
Loans and advances to customers | 253 | 97 |
RMS 7–9 | Stage 1 £m | Gross undrawn exposures | Retail – UK Motor Finance | ||
FINANCIAL RISK MANAGEMENT (Details) - Schedule of Credit Quality of Assets [Line Items] | ||
Loans and advances to customers | 347 | 527 |
RMS 7–9 | Stage 1 £m | Gross undrawn exposures | Retail – other | ||
FINANCIAL RISK MANAGEMENT (Details) - Schedule of Credit Quality of Assets [Line Items] | ||
Loans and advances to customers | 0 | 0 |
RMS 7–9 | Stage 1 £m | Expected credit losses in respect of undrawn exposures | Retail – UK mortgages | ||
FINANCIAL RISK MANAGEMENT (Details) - Schedule of Credit Quality of Assets [Line Items] | ||
Loans and advances to customers | 0 | 0 |
RMS 7–9 | Stage 1 £m | Expected credit losses in respect of undrawn exposures | Retail – credit cards | ||
FINANCIAL RISK MANAGEMENT (Details) - Schedule of Credit Quality of Assets [Line Items] | ||
Loans and advances to customers | 5 | 3 |
RMS 7–9 | Stage 1 £m | Expected credit losses in respect of undrawn exposures | Retail – loans and overdrafts | ||
FINANCIAL RISK MANAGEMENT (Details) - Schedule of Credit Quality of Assets [Line Items] | ||
Loans and advances to customers | 6 | 1 |
RMS 7–9 | Stage 1 £m | Expected credit losses in respect of undrawn exposures | Retail – UK Motor Finance | ||
FINANCIAL RISK MANAGEMENT (Details) - Schedule of Credit Quality of Assets [Line Items] | ||
Loans and advances to customers | 0 | 0 |
RMS 7–9 | Stage 1 £m | Expected credit losses in respect of undrawn exposures | Retail – other | ||
FINANCIAL RISK MANAGEMENT (Details) - Schedule of Credit Quality of Assets [Line Items] | ||
Loans and advances to customers | 0 | 0 |
RMS 7–9 | Stage 2 £m | Gross drawn exposures | Retail – UK mortgages | ||
FINANCIAL RISK MANAGEMENT (Details) - Schedule of Credit Quality of Assets [Line Items] | ||
Loans and advances to customers | 2,443 | 2,258 |
RMS 7–9 | Stage 2 £m | Gross drawn exposures | Retail – credit cards | ||
FINANCIAL RISK MANAGEMENT (Details) - Schedule of Credit Quality of Assets [Line Items] | ||
Loans and advances to customers | 1,246 | 623 |
RMS 7–9 | Stage 2 £m | Gross drawn exposures | Retail – loans and overdrafts | ||
FINANCIAL RISK MANAGEMENT (Details) - Schedule of Credit Quality of Assets [Line Items] | ||
Loans and advances to customers | 657 | 286 |
RMS 7–9 | Stage 2 £m | Gross drawn exposures | Retail – UK Motor Finance | ||
FINANCIAL RISK MANAGEMENT (Details) - Schedule of Credit Quality of Assets [Line Items] | ||
Loans and advances to customers | 325 | 298 |
RMS 7–9 | Stage 2 £m | Gross drawn exposures | Retail – other | ||
FINANCIAL RISK MANAGEMENT (Details) - Schedule of Credit Quality of Assets [Line Items] | ||
Loans and advances to customers | 90 | 88 |
RMS 7–9 | Stage 2 £m | Expected credit losses in respect of drawn exposures | Retail – UK mortgages | ||
FINANCIAL RISK MANAGEMENT (Details) - Schedule of Credit Quality of Assets [Line Items] | ||
Loans and advances to customers | 72 | 64 |
RMS 7–9 | Stage 2 £m | Expected credit losses in respect of drawn exposures | Retail – credit cards | ||
FINANCIAL RISK MANAGEMENT (Details) - Schedule of Credit Quality of Assets [Line Items] | ||
Loans and advances to customers | 167 | 71 |
RMS 7–9 | Stage 2 £m | Expected credit losses in respect of drawn exposures | Retail – loans and overdrafts | ||
FINANCIAL RISK MANAGEMENT (Details) - Schedule of Credit Quality of Assets [Line Items] | ||
Loans and advances to customers | 83 | 33 |
RMS 7–9 | Stage 2 £m | Expected credit losses in respect of drawn exposures | Retail – UK Motor Finance | ||
FINANCIAL RISK MANAGEMENT (Details) - Schedule of Credit Quality of Assets [Line Items] | ||
Loans and advances to customers | 13 | 15 |
RMS 7–9 | Stage 2 £m | Expected credit losses in respect of drawn exposures | Retail – other | ||
FINANCIAL RISK MANAGEMENT (Details) - Schedule of Credit Quality of Assets [Line Items] | ||
Loans and advances to customers | 3 | 3 |
RMS 7–9 | Stage 2 £m | Gross undrawn exposures | Retail – UK mortgages | ||
FINANCIAL RISK MANAGEMENT (Details) - Schedule of Credit Quality of Assets [Line Items] | ||
Loans and advances to customers | 25 | 3 |
RMS 7–9 | Stage 2 £m | Gross undrawn exposures | Retail – credit cards | ||
FINANCIAL RISK MANAGEMENT (Details) - Schedule of Credit Quality of Assets [Line Items] | ||
Loans and advances to customers | 422 | 172 |
RMS 7–9 | Stage 2 £m | Gross undrawn exposures | Retail – loans and overdrafts | ||
FINANCIAL RISK MANAGEMENT (Details) - Schedule of Credit Quality of Assets [Line Items] | ||
Loans and advances to customers | 159 | 48 |
RMS 7–9 | Stage 2 £m | Gross undrawn exposures | Retail – UK Motor Finance | ||
FINANCIAL RISK MANAGEMENT (Details) - Schedule of Credit Quality of Assets [Line Items] | ||
Loans and advances to customers | 1 | 0 |
RMS 7–9 | Stage 2 £m | Gross undrawn exposures | Retail – other | ||
FINANCIAL RISK MANAGEMENT (Details) - Schedule of Credit Quality of Assets [Line Items] | ||
Loans and advances to customers | 0 | 0 |
RMS 7–9 | Stage 2 £m | Expected credit losses in respect of undrawn exposures | Retail – UK mortgages | ||
FINANCIAL RISK MANAGEMENT (Details) - Schedule of Credit Quality of Assets [Line Items] | ||
Loans and advances to customers | 0 | 0 |
RMS 7–9 | Stage 2 £m | Expected credit losses in respect of undrawn exposures | Retail – credit cards | ||
FINANCIAL RISK MANAGEMENT (Details) - Schedule of Credit Quality of Assets [Line Items] | ||
Loans and advances to customers | 8 | 3 |
RMS 7–9 | Stage 2 £m | Expected credit losses in respect of undrawn exposures | Retail – loans and overdrafts | ||
FINANCIAL RISK MANAGEMENT (Details) - Schedule of Credit Quality of Assets [Line Items] | ||
Loans and advances to customers | 18 | 5 |
RMS 7–9 | Stage 2 £m | Expected credit losses in respect of undrawn exposures | Retail – UK Motor Finance | ||
FINANCIAL RISK MANAGEMENT (Details) - Schedule of Credit Quality of Assets [Line Items] | ||
Loans and advances to customers | 0 | 0 |
RMS 7–9 | Stage 2 £m | Expected credit losses in respect of undrawn exposures | Retail – other | ||
FINANCIAL RISK MANAGEMENT (Details) - Schedule of Credit Quality of Assets [Line Items] | ||
Loans and advances to customers | 0 | 0 |
RMS 7–9 | Stage 3 £m | Gross drawn exposures | Retail – UK mortgages | ||
FINANCIAL RISK MANAGEMENT (Details) - Schedule of Credit Quality of Assets [Line Items] | ||
Loans and advances to customers | 0 | 0 |
RMS 7–9 | Stage 3 £m | Gross drawn exposures | Retail – credit cards | ||
FINANCIAL RISK MANAGEMENT (Details) - Schedule of Credit Quality of Assets [Line Items] | ||
Loans and advances to customers | 0 | 0 |
RMS 7–9 | Stage 3 £m | Gross drawn exposures | Retail – loans and overdrafts | ||
FINANCIAL RISK MANAGEMENT (Details) - Schedule of Credit Quality of Assets [Line Items] | ||
Loans and advances to customers | 0 | 0 |
RMS 7–9 | Stage 3 £m | Gross drawn exposures | Retail – UK Motor Finance | ||
FINANCIAL RISK MANAGEMENT (Details) - Schedule of Credit Quality of Assets [Line Items] | ||
Loans and advances to customers | 0 | 0 |
RMS 7–9 | Stage 3 £m | Gross drawn exposures | Retail – other | ||
FINANCIAL RISK MANAGEMENT (Details) - Schedule of Credit Quality of Assets [Line Items] | ||
Loans and advances to customers | 0 | 0 |
RMS 7–9 | Stage 3 £m | Expected credit losses in respect of drawn exposures | Retail – UK mortgages | ||
FINANCIAL RISK MANAGEMENT (Details) - Schedule of Credit Quality of Assets [Line Items] | ||
Loans and advances to customers | 0 | 0 |
RMS 7–9 | Stage 3 £m | Expected credit losses in respect of drawn exposures | Retail – credit cards | ||
FINANCIAL RISK MANAGEMENT (Details) - Schedule of Credit Quality of Assets [Line Items] | ||
Loans and advances to customers | 0 | 0 |
RMS 7–9 | Stage 3 £m | Expected credit losses in respect of drawn exposures | Retail – loans and overdrafts | ||
FINANCIAL RISK MANAGEMENT (Details) - Schedule of Credit Quality of Assets [Line Items] | ||
Loans and advances to customers | 0 | 0 |
RMS 7–9 | Stage 3 £m | Expected credit losses in respect of drawn exposures | Retail – UK Motor Finance | ||
FINANCIAL RISK MANAGEMENT (Details) - Schedule of Credit Quality of Assets [Line Items] | ||
Loans and advances to customers | 0 | 0 |
RMS 7–9 | Stage 3 £m | Expected credit losses in respect of drawn exposures | Retail – other | ||
FINANCIAL RISK MANAGEMENT (Details) - Schedule of Credit Quality of Assets [Line Items] | ||
Loans and advances to customers | 0 | 0 |
RMS 7–9 | Stage 3 £m | Gross undrawn exposures | Retail – UK mortgages | ||
FINANCIAL RISK MANAGEMENT (Details) - Schedule of Credit Quality of Assets [Line Items] | ||
Loans and advances to customers | 0 | 0 |
RMS 7–9 | Stage 3 £m | Gross undrawn exposures | Retail – credit cards | ||
FINANCIAL RISK MANAGEMENT (Details) - Schedule of Credit Quality of Assets [Line Items] | ||
Loans and advances to customers | 0 | 0 |
RMS 7–9 | Stage 3 £m | Gross undrawn exposures | Retail – loans and overdrafts | ||
FINANCIAL RISK MANAGEMENT (Details) - Schedule of Credit Quality of Assets [Line Items] | ||
Loans and advances to customers | 0 | 0 |
RMS 7–9 | Stage 3 £m | Gross undrawn exposures | Retail – UK Motor Finance | ||
FINANCIAL RISK MANAGEMENT (Details) - Schedule of Credit Quality of Assets [Line Items] | ||
Loans and advances to customers | 0 | 0 |
RMS 7–9 | Stage 3 £m | Gross undrawn exposures | Retail – other | ||
FINANCIAL RISK MANAGEMENT (Details) - Schedule of Credit Quality of Assets [Line Items] | ||
Loans and advances to customers | 0 | 0 |
RMS 7–9 | Stage 3 £m | Expected credit losses in respect of undrawn exposures | Retail – UK mortgages | ||
FINANCIAL RISK MANAGEMENT (Details) - Schedule of Credit Quality of Assets [Line Items] | ||
Loans and advances to customers | 0 | 0 |
RMS 7–9 | Stage 3 £m | Expected credit losses in respect of undrawn exposures | Retail – credit cards | ||
FINANCIAL RISK MANAGEMENT (Details) - Schedule of Credit Quality of Assets [Line Items] | ||
Loans and advances to customers | 0 | 0 |
RMS 7–9 | Stage 3 £m | Expected credit losses in respect of undrawn exposures | Retail – loans and overdrafts | ||
FINANCIAL RISK MANAGEMENT (Details) - Schedule of Credit Quality of Assets [Line Items] | ||
Loans and advances to customers | 0 | 0 |
RMS 7–9 | Stage 3 £m | Expected credit losses in respect of undrawn exposures | Retail – UK Motor Finance | ||
FINANCIAL RISK MANAGEMENT (Details) - Schedule of Credit Quality of Assets [Line Items] | ||
Loans and advances to customers | 0 | 0 |
RMS 7–9 | Stage 3 £m | Expected credit losses in respect of undrawn exposures | Retail – other | ||
FINANCIAL RISK MANAGEMENT (Details) - Schedule of Credit Quality of Assets [Line Items] | ||
Loans and advances to customers | 0 | 0 |
RMS 7–9 | POCI £m | Gross drawn exposures | Retail – UK mortgages | ||
FINANCIAL RISK MANAGEMENT (Details) - Schedule of Credit Quality of Assets [Line Items] | ||
Loans and advances to customers | 0 | 0 |
RMS 7–9 | POCI £m | Gross drawn exposures | Retail – credit cards | ||
FINANCIAL RISK MANAGEMENT (Details) - Schedule of Credit Quality of Assets [Line Items] | ||
Loans and advances to customers | 0 | 0 |
RMS 7–9 | POCI £m | Gross drawn exposures | Retail – loans and overdrafts | ||
FINANCIAL RISK MANAGEMENT (Details) - Schedule of Credit Quality of Assets [Line Items] | ||
Loans and advances to customers | 0 | 0 |
RMS 7–9 | POCI £m | Gross drawn exposures | Retail – UK Motor Finance | ||
FINANCIAL RISK MANAGEMENT (Details) - Schedule of Credit Quality of Assets [Line Items] | ||
Loans and advances to customers | 0 | 0 |
RMS 7–9 | POCI £m | Gross drawn exposures | Retail – other | ||
FINANCIAL RISK MANAGEMENT (Details) - Schedule of Credit Quality of Assets [Line Items] | ||
Loans and advances to customers | 0 | 0 |
RMS 7–9 | POCI £m | Expected credit losses in respect of drawn exposures | Retail – UK mortgages | ||
FINANCIAL RISK MANAGEMENT (Details) - Schedule of Credit Quality of Assets [Line Items] | ||
Loans and advances to customers | 0 | 0 |
RMS 7–9 | POCI £m | Expected credit losses in respect of drawn exposures | Retail – credit cards | ||
FINANCIAL RISK MANAGEMENT (Details) - Schedule of Credit Quality of Assets [Line Items] | ||
Loans and advances to customers | 0 | 0 |
RMS 7–9 | POCI £m | Expected credit losses in respect of drawn exposures | Retail – loans and overdrafts | ||
FINANCIAL RISK MANAGEMENT (Details) - Schedule of Credit Quality of Assets [Line Items] | ||
Loans and advances to customers | 0 | 0 |
RMS 7–9 | POCI £m | Expected credit losses in respect of drawn exposures | Retail – UK Motor Finance | ||
FINANCIAL RISK MANAGEMENT (Details) - Schedule of Credit Quality of Assets [Line Items] | ||
Loans and advances to customers | 0 | 0 |
RMS 7–9 | POCI £m | Expected credit losses in respect of drawn exposures | Retail – other | ||
FINANCIAL RISK MANAGEMENT (Details) - Schedule of Credit Quality of Assets [Line Items] | ||
Loans and advances to customers | 0 | 0 |
RMS 7–9 | POCI £m | Gross undrawn exposures | Retail – UK mortgages | ||
FINANCIAL RISK MANAGEMENT (Details) - Schedule of Credit Quality of Assets [Line Items] | ||
Loans and advances to customers | 0 | 0 |
RMS 7–9 | POCI £m | Gross undrawn exposures | Retail – credit cards | ||
FINANCIAL RISK MANAGEMENT (Details) - Schedule of Credit Quality of Assets [Line Items] | ||
Loans and advances to customers | 0 | 0 |
RMS 7–9 | POCI £m | Gross undrawn exposures | Retail – loans and overdrafts | ||
FINANCIAL RISK MANAGEMENT (Details) - Schedule of Credit Quality of Assets [Line Items] | ||
Loans and advances to customers | 0 | 0 |
RMS 7–9 | POCI £m | Gross undrawn exposures | Retail – UK Motor Finance | ||
FINANCIAL RISK MANAGEMENT (Details) - Schedule of Credit Quality of Assets [Line Items] | ||
Loans and advances to customers | 0 | 0 |
RMS 7–9 | POCI £m | Gross undrawn exposures | Retail – other | ||
FINANCIAL RISK MANAGEMENT (Details) - Schedule of Credit Quality of Assets [Line Items] | ||
Loans and advances to customers | 0 | 0 |
RMS 7–9 | POCI £m | Expected credit losses in respect of undrawn exposures | Retail – UK mortgages | ||
FINANCIAL RISK MANAGEMENT (Details) - Schedule of Credit Quality of Assets [Line Items] | ||
Loans and advances to customers | 0 | 0 |
RMS 7–9 | POCI £m | Expected credit losses in respect of undrawn exposures | Retail – credit cards | ||
FINANCIAL RISK MANAGEMENT (Details) - Schedule of Credit Quality of Assets [Line Items] | ||
Loans and advances to customers | 0 | 0 |
RMS 7–9 | POCI £m | Expected credit losses in respect of undrawn exposures | Retail – loans and overdrafts | ||
FINANCIAL RISK MANAGEMENT (Details) - Schedule of Credit Quality of Assets [Line Items] | ||
Loans and advances to customers | 0 | 0 |
RMS 7–9 | POCI £m | Expected credit losses in respect of undrawn exposures | Retail – UK Motor Finance | ||
FINANCIAL RISK MANAGEMENT (Details) - Schedule of Credit Quality of Assets [Line Items] | ||
Loans and advances to customers | 0 | 0 |
RMS 7–9 | POCI £m | Expected credit losses in respect of undrawn exposures | Retail – other | ||
FINANCIAL RISK MANAGEMENT (Details) - Schedule of Credit Quality of Assets [Line Items] | ||
Loans and advances to customers | 0 | 0 |
RMS 10 | Gross drawn exposures | Retail – UK mortgages | ||
FINANCIAL RISK MANAGEMENT (Details) - Schedule of Credit Quality of Assets [Line Items] | ||
Loans and advances to customers | 734 | 355 |
RMS 10 | Gross drawn exposures | Retail – credit cards | ||
FINANCIAL RISK MANAGEMENT (Details) - Schedule of Credit Quality of Assets [Line Items] | ||
Loans and advances to customers | 227 | 112 |
RMS 10 | Gross drawn exposures | Retail – loans and overdrafts | ||
FINANCIAL RISK MANAGEMENT (Details) - Schedule of Credit Quality of Assets [Line Items] | ||
Loans and advances to customers | 252 | 92 |
RMS 10 | Gross drawn exposures | Retail – UK Motor Finance | ||
FINANCIAL RISK MANAGEMENT (Details) - Schedule of Credit Quality of Assets [Line Items] | ||
Loans and advances to customers | 99 | 69 |
RMS 10 | Gross drawn exposures | Retail – other | ||
FINANCIAL RISK MANAGEMENT (Details) - Schedule of Credit Quality of Assets [Line Items] | ||
Loans and advances to customers | 5 | 2 |
RMS 10 | Expected credit losses in respect of drawn exposures | Retail – UK mortgages | ||
FINANCIAL RISK MANAGEMENT (Details) - Schedule of Credit Quality of Assets [Line Items] | ||
Loans and advances to customers | 24 | 15 |
RMS 10 | Expected credit losses in respect of drawn exposures | Retail – credit cards | ||
FINANCIAL RISK MANAGEMENT (Details) - Schedule of Credit Quality of Assets [Line Items] | ||
Loans and advances to customers | 52 | 22 |
RMS 10 | Expected credit losses in respect of drawn exposures | Retail – loans and overdrafts | ||
FINANCIAL RISK MANAGEMENT (Details) - Schedule of Credit Quality of Assets [Line Items] | ||
Loans and advances to customers | 50 | 16 |
RMS 10 | Expected credit losses in respect of drawn exposures | Retail – UK Motor Finance | ||
FINANCIAL RISK MANAGEMENT (Details) - Schedule of Credit Quality of Assets [Line Items] | ||
Loans and advances to customers | 8 | 7 |
RMS 10 | Expected credit losses in respect of drawn exposures | Retail – other | ||
FINANCIAL RISK MANAGEMENT (Details) - Schedule of Credit Quality of Assets [Line Items] | ||
Loans and advances to customers | 0 | 0 |
RMS 10 | Gross undrawn exposures | Retail – UK mortgages | ||
FINANCIAL RISK MANAGEMENT (Details) - Schedule of Credit Quality of Assets [Line Items] | ||
Loans and advances to customers | 7 | 0 |
RMS 10 | Gross undrawn exposures | Retail – credit cards | ||
FINANCIAL RISK MANAGEMENT (Details) - Schedule of Credit Quality of Assets [Line Items] | ||
Loans and advances to customers | 46 | 31 |
RMS 10 | Gross undrawn exposures | Retail – loans and overdrafts | ||
FINANCIAL RISK MANAGEMENT (Details) - Schedule of Credit Quality of Assets [Line Items] | ||
Loans and advances to customers | 42 | 12 |
RMS 10 | Gross undrawn exposures | Retail – UK Motor Finance | ||
FINANCIAL RISK MANAGEMENT (Details) - Schedule of Credit Quality of Assets [Line Items] | ||
Loans and advances to customers | 0 | 0 |
RMS 10 | Gross undrawn exposures | Retail – other | ||
FINANCIAL RISK MANAGEMENT (Details) - Schedule of Credit Quality of Assets [Line Items] | ||
Loans and advances to customers | 0 | 0 |
RMS 10 | Expected credit losses in respect of undrawn exposures | Retail – UK mortgages | ||
FINANCIAL RISK MANAGEMENT (Details) - Schedule of Credit Quality of Assets [Line Items] | ||
Loans and advances to customers | 0 | 0 |
RMS 10 | Expected credit losses in respect of undrawn exposures | Retail – credit cards | ||
FINANCIAL RISK MANAGEMENT (Details) - Schedule of Credit Quality of Assets [Line Items] | ||
Loans and advances to customers | 2 | 1 |
RMS 10 | Expected credit losses in respect of undrawn exposures | Retail – loans and overdrafts | ||
FINANCIAL RISK MANAGEMENT (Details) - Schedule of Credit Quality of Assets [Line Items] | ||
Loans and advances to customers | 7 | 2 |
RMS 10 | Expected credit losses in respect of undrawn exposures | Retail – UK Motor Finance | ||
FINANCIAL RISK MANAGEMENT (Details) - Schedule of Credit Quality of Assets [Line Items] | ||
Loans and advances to customers | 0 | 0 |
RMS 10 | Expected credit losses in respect of undrawn exposures | Retail – other | ||
FINANCIAL RISK MANAGEMENT (Details) - Schedule of Credit Quality of Assets [Line Items] | ||
Loans and advances to customers | 0 | 0 |
RMS 10 | Stage 1 £m | Gross drawn exposures | Retail – UK mortgages | ||
FINANCIAL RISK MANAGEMENT (Details) - Schedule of Credit Quality of Assets [Line Items] | ||
Loans and advances to customers | 0 | 0 |
RMS 10 | Stage 1 £m | Gross drawn exposures | Retail – credit cards | ||
FINANCIAL RISK MANAGEMENT (Details) - Schedule of Credit Quality of Assets [Line Items] | ||
Loans and advances to customers | 0 | 0 |
RMS 10 | Stage 1 £m | Gross drawn exposures | Retail – loans and overdrafts | ||
FINANCIAL RISK MANAGEMENT (Details) - Schedule of Credit Quality of Assets [Line Items] | ||
Loans and advances to customers | 53 | 18 |
RMS 10 | Stage 1 £m | Gross drawn exposures | Retail – UK Motor Finance | ||
FINANCIAL RISK MANAGEMENT (Details) - Schedule of Credit Quality of Assets [Line Items] | ||
Loans and advances to customers | 0 | 0 |
RMS 10 | Stage 1 £m | Gross drawn exposures | Retail – other | ||
FINANCIAL RISK MANAGEMENT (Details) - Schedule of Credit Quality of Assets [Line Items] | ||
Loans and advances to customers | 0 | 0 |
RMS 10 | Stage 1 £m | Expected credit losses in respect of drawn exposures | Retail – UK mortgages | ||
FINANCIAL RISK MANAGEMENT (Details) - Schedule of Credit Quality of Assets [Line Items] | ||
Loans and advances to customers | 0 | 0 |
RMS 10 | Stage 1 £m | Expected credit losses in respect of drawn exposures | Retail – credit cards | ||
FINANCIAL RISK MANAGEMENT (Details) - Schedule of Credit Quality of Assets [Line Items] | ||
Loans and advances to customers | 0 | 0 |
RMS 10 | Stage 1 £m | Expected credit losses in respect of drawn exposures | Retail – loans and overdrafts | ||
FINANCIAL RISK MANAGEMENT (Details) - Schedule of Credit Quality of Assets [Line Items] | ||
Loans and advances to customers | 5 | 2 |
RMS 10 | Stage 1 £m | Expected credit losses in respect of drawn exposures | Retail – UK Motor Finance | ||
FINANCIAL RISK MANAGEMENT (Details) - Schedule of Credit Quality of Assets [Line Items] | ||
Loans and advances to customers | 0 | 0 |
RMS 10 | Stage 1 £m | Expected credit losses in respect of drawn exposures | Retail – other | ||
FINANCIAL RISK MANAGEMENT (Details) - Schedule of Credit Quality of Assets [Line Items] | ||
Loans and advances to customers | 0 | 0 |
RMS 10 | Stage 1 £m | Gross undrawn exposures | Retail – UK mortgages | ||
FINANCIAL RISK MANAGEMENT (Details) - Schedule of Credit Quality of Assets [Line Items] | ||
Loans and advances to customers | 0 | 0 |
RMS 10 | Stage 1 £m | Gross undrawn exposures | Retail – credit cards | ||
FINANCIAL RISK MANAGEMENT (Details) - Schedule of Credit Quality of Assets [Line Items] | ||
Loans and advances to customers | 0 | 0 |
RMS 10 | Stage 1 £m | Gross undrawn exposures | Retail – loans and overdrafts | ||
FINANCIAL RISK MANAGEMENT (Details) - Schedule of Credit Quality of Assets [Line Items] | ||
Loans and advances to customers | 6 | 1 |
RMS 10 | Stage 1 £m | Gross undrawn exposures | Retail – UK Motor Finance | ||
FINANCIAL RISK MANAGEMENT (Details) - Schedule of Credit Quality of Assets [Line Items] | ||
Loans and advances to customers | 0 | 0 |
RMS 10 | Stage 1 £m | Gross undrawn exposures | Retail – other | ||
FINANCIAL RISK MANAGEMENT (Details) - Schedule of Credit Quality of Assets [Line Items] | ||
Loans and advances to customers | 0 | 0 |
RMS 10 | Stage 1 £m | Expected credit losses in respect of undrawn exposures | Retail – UK mortgages | ||
FINANCIAL RISK MANAGEMENT (Details) - Schedule of Credit Quality of Assets [Line Items] | ||
Loans and advances to customers | 0 | 0 |
RMS 10 | Stage 1 £m | Expected credit losses in respect of undrawn exposures | Retail – credit cards | ||
FINANCIAL RISK MANAGEMENT (Details) - Schedule of Credit Quality of Assets [Line Items] | ||
Loans and advances to customers | 0 | 0 |
RMS 10 | Stage 1 £m | Expected credit losses in respect of undrawn exposures | Retail – loans and overdrafts | ||
FINANCIAL RISK MANAGEMENT (Details) - Schedule of Credit Quality of Assets [Line Items] | ||
Loans and advances to customers | 0 | 0 |
RMS 10 | Stage 1 £m | Expected credit losses in respect of undrawn exposures | Retail – UK Motor Finance | ||
FINANCIAL RISK MANAGEMENT (Details) - Schedule of Credit Quality of Assets [Line Items] | ||
Loans and advances to customers | 0 | 0 |
RMS 10 | Stage 1 £m | Expected credit losses in respect of undrawn exposures | Retail – other | ||
FINANCIAL RISK MANAGEMENT (Details) - Schedule of Credit Quality of Assets [Line Items] | ||
Loans and advances to customers | 0 | 0 |
RMS 10 | Stage 2 £m | Gross drawn exposures | Retail – UK mortgages | ||
FINANCIAL RISK MANAGEMENT (Details) - Schedule of Credit Quality of Assets [Line Items] | ||
Loans and advances to customers | 734 | 355 |
RMS 10 | Stage 2 £m | Gross drawn exposures | Retail – credit cards | ||
FINANCIAL RISK MANAGEMENT (Details) - Schedule of Credit Quality of Assets [Line Items] | ||
Loans and advances to customers | 227 | 112 |
RMS 10 | Stage 2 £m | Gross drawn exposures | Retail – loans and overdrafts | ||
FINANCIAL RISK MANAGEMENT (Details) - Schedule of Credit Quality of Assets [Line Items] | ||
Loans and advances to customers | 199 | 74 |
RMS 10 | Stage 2 £m | Gross drawn exposures | Retail – UK Motor Finance | ||
FINANCIAL RISK MANAGEMENT (Details) - Schedule of Credit Quality of Assets [Line Items] | ||
Loans and advances to customers | 99 | 69 |
RMS 10 | Stage 2 £m | Gross drawn exposures | Retail – other | ||
FINANCIAL RISK MANAGEMENT (Details) - Schedule of Credit Quality of Assets [Line Items] | ||
Loans and advances to customers | 5 | 2 |
RMS 10 | Stage 2 £m | Expected credit losses in respect of drawn exposures | Retail – UK mortgages | ||
FINANCIAL RISK MANAGEMENT (Details) - Schedule of Credit Quality of Assets [Line Items] | ||
Loans and advances to customers | 24 | 15 |
RMS 10 | Stage 2 £m | Expected credit losses in respect of drawn exposures | Retail – credit cards | ||
FINANCIAL RISK MANAGEMENT (Details) - Schedule of Credit Quality of Assets [Line Items] | ||
Loans and advances to customers | 52 | 22 |
RMS 10 | Stage 2 £m | Expected credit losses in respect of drawn exposures | Retail – loans and overdrafts | ||
FINANCIAL RISK MANAGEMENT (Details) - Schedule of Credit Quality of Assets [Line Items] | ||
Loans and advances to customers | 45 | 14 |
RMS 10 | Stage 2 £m | Expected credit losses in respect of drawn exposures | Retail – UK Motor Finance | ||
FINANCIAL RISK MANAGEMENT (Details) - Schedule of Credit Quality of Assets [Line Items] | ||
Loans and advances to customers | 8 | 7 |
RMS 10 | Stage 2 £m | Expected credit losses in respect of drawn exposures | Retail – other | ||
FINANCIAL RISK MANAGEMENT (Details) - Schedule of Credit Quality of Assets [Line Items] | ||
Loans and advances to customers | 0 | 0 |
RMS 10 | Stage 2 £m | Gross undrawn exposures | Retail – UK mortgages | ||
FINANCIAL RISK MANAGEMENT (Details) - Schedule of Credit Quality of Assets [Line Items] | ||
Loans and advances to customers | 7 | 0 |
RMS 10 | Stage 2 £m | Gross undrawn exposures | Retail – credit cards | ||
FINANCIAL RISK MANAGEMENT (Details) - Schedule of Credit Quality of Assets [Line Items] | ||
Loans and advances to customers | 46 | 31 |
RMS 10 | Stage 2 £m | Gross undrawn exposures | Retail – loans and overdrafts | ||
FINANCIAL RISK MANAGEMENT (Details) - Schedule of Credit Quality of Assets [Line Items] | ||
Loans and advances to customers | 36 | 11 |
RMS 10 | Stage 2 £m | Gross undrawn exposures | Retail – UK Motor Finance | ||
FINANCIAL RISK MANAGEMENT (Details) - Schedule of Credit Quality of Assets [Line Items] | ||
Loans and advances to customers | 0 | 0 |
RMS 10 | Stage 2 £m | Gross undrawn exposures | Retail – other | ||
FINANCIAL RISK MANAGEMENT (Details) - Schedule of Credit Quality of Assets [Line Items] | ||
Loans and advances to customers | 0 | 0 |
RMS 10 | Stage 2 £m | Expected credit losses in respect of undrawn exposures | Retail – UK mortgages | ||
FINANCIAL RISK MANAGEMENT (Details) - Schedule of Credit Quality of Assets [Line Items] | ||
Loans and advances to customers | 0 | 0 |
RMS 10 | Stage 2 £m | Expected credit losses in respect of undrawn exposures | Retail – credit cards | ||
FINANCIAL RISK MANAGEMENT (Details) - Schedule of Credit Quality of Assets [Line Items] | ||
Loans and advances to customers | 2 | 1 |
RMS 10 | Stage 2 £m | Expected credit losses in respect of undrawn exposures | Retail – loans and overdrafts | ||
FINANCIAL RISK MANAGEMENT (Details) - Schedule of Credit Quality of Assets [Line Items] | ||
Loans and advances to customers | 7 | 2 |
RMS 10 | Stage 2 £m | Expected credit losses in respect of undrawn exposures | Retail – UK Motor Finance | ||
FINANCIAL RISK MANAGEMENT (Details) - Schedule of Credit Quality of Assets [Line Items] | ||
Loans and advances to customers | 0 | 0 |
RMS 10 | Stage 2 £m | Expected credit losses in respect of undrawn exposures | Retail – other | ||
FINANCIAL RISK MANAGEMENT (Details) - Schedule of Credit Quality of Assets [Line Items] | ||
Loans and advances to customers | 0 | 0 |
RMS 10 | Stage 3 £m | Gross drawn exposures | Retail – UK mortgages | ||
FINANCIAL RISK MANAGEMENT (Details) - Schedule of Credit Quality of Assets [Line Items] | ||
Loans and advances to customers | 0 | 0 |
RMS 10 | Stage 3 £m | Gross drawn exposures | Retail – credit cards | ||
FINANCIAL RISK MANAGEMENT (Details) - Schedule of Credit Quality of Assets [Line Items] | ||
Loans and advances to customers | 0 | 0 |
RMS 10 | Stage 3 £m | Gross drawn exposures | Retail – loans and overdrafts | ||
FINANCIAL RISK MANAGEMENT (Details) - Schedule of Credit Quality of Assets [Line Items] | ||
Loans and advances to customers | 0 | 0 |
RMS 10 | Stage 3 £m | Gross drawn exposures | Retail – UK Motor Finance | ||
FINANCIAL RISK MANAGEMENT (Details) - Schedule of Credit Quality of Assets [Line Items] | ||
Loans and advances to customers | 0 | 0 |
RMS 10 | Stage 3 £m | Gross drawn exposures | Retail – other | ||
FINANCIAL RISK MANAGEMENT (Details) - Schedule of Credit Quality of Assets [Line Items] | ||
Loans and advances to customers | 0 | 0 |
RMS 10 | Stage 3 £m | Expected credit losses in respect of drawn exposures | Retail – UK mortgages | ||
FINANCIAL RISK MANAGEMENT (Details) - Schedule of Credit Quality of Assets [Line Items] | ||
Loans and advances to customers | 0 | 0 |
RMS 10 | Stage 3 £m | Expected credit losses in respect of drawn exposures | Retail – credit cards | ||
FINANCIAL RISK MANAGEMENT (Details) - Schedule of Credit Quality of Assets [Line Items] | ||
Loans and advances to customers | 0 | 0 |
RMS 10 | Stage 3 £m | Expected credit losses in respect of drawn exposures | Retail – loans and overdrafts | ||
FINANCIAL RISK MANAGEMENT (Details) - Schedule of Credit Quality of Assets [Line Items] | ||
Loans and advances to customers | 0 | 0 |
RMS 10 | Stage 3 £m | Expected credit losses in respect of drawn exposures | Retail – UK Motor Finance | ||
FINANCIAL RISK MANAGEMENT (Details) - Schedule of Credit Quality of Assets [Line Items] | ||
Loans and advances to customers | 0 | 0 |
RMS 10 | Stage 3 £m | Expected credit losses in respect of drawn exposures | Retail – other | ||
FINANCIAL RISK MANAGEMENT (Details) - Schedule of Credit Quality of Assets [Line Items] | ||
Loans and advances to customers | 0 | 0 |
RMS 10 | Stage 3 £m | Gross undrawn exposures | Retail – UK mortgages | ||
FINANCIAL RISK MANAGEMENT (Details) - Schedule of Credit Quality of Assets [Line Items] | ||
Loans and advances to customers | 0 | 0 |
RMS 10 | Stage 3 £m | Gross undrawn exposures | Retail – credit cards | ||
FINANCIAL RISK MANAGEMENT (Details) - Schedule of Credit Quality of Assets [Line Items] | ||
Loans and advances to customers | 0 | 0 |
RMS 10 | Stage 3 £m | Gross undrawn exposures | Retail – loans and overdrafts | ||
FINANCIAL RISK MANAGEMENT (Details) - Schedule of Credit Quality of Assets [Line Items] | ||
Loans and advances to customers | 0 | 0 |
RMS 10 | Stage 3 £m | Gross undrawn exposures | Retail – UK Motor Finance | ||
FINANCIAL RISK MANAGEMENT (Details) - Schedule of Credit Quality of Assets [Line Items] | ||
Loans and advances to customers | 0 | 0 |
RMS 10 | Stage 3 £m | Gross undrawn exposures | Retail – other | ||
FINANCIAL RISK MANAGEMENT (Details) - Schedule of Credit Quality of Assets [Line Items] | ||
Loans and advances to customers | 0 | 0 |
RMS 10 | Stage 3 £m | Expected credit losses in respect of undrawn exposures | Retail – UK mortgages | ||
FINANCIAL RISK MANAGEMENT (Details) - Schedule of Credit Quality of Assets [Line Items] | ||
Loans and advances to customers | 0 | 0 |
RMS 10 | Stage 3 £m | Expected credit losses in respect of undrawn exposures | Retail – credit cards | ||
FINANCIAL RISK MANAGEMENT (Details) - Schedule of Credit Quality of Assets [Line Items] | ||
Loans and advances to customers | 0 | 0 |
RMS 10 | Stage 3 £m | Expected credit losses in respect of undrawn exposures | Retail – loans and overdrafts | ||
FINANCIAL RISK MANAGEMENT (Details) - Schedule of Credit Quality of Assets [Line Items] | ||
Loans and advances to customers | 0 | 0 |
RMS 10 | Stage 3 £m | Expected credit losses in respect of undrawn exposures | Retail – UK Motor Finance | ||
FINANCIAL RISK MANAGEMENT (Details) - Schedule of Credit Quality of Assets [Line Items] | ||
Loans and advances to customers | 0 | 0 |
RMS 10 | Stage 3 £m | Expected credit losses in respect of undrawn exposures | Retail – other | ||
FINANCIAL RISK MANAGEMENT (Details) - Schedule of Credit Quality of Assets [Line Items] | ||
Loans and advances to customers | 0 | 0 |
RMS 10 | POCI £m | Gross drawn exposures | Retail – UK mortgages | ||
FINANCIAL RISK MANAGEMENT (Details) - Schedule of Credit Quality of Assets [Line Items] | ||
Loans and advances to customers | 0 | 0 |
RMS 10 | POCI £m | Gross drawn exposures | Retail – credit cards | ||
FINANCIAL RISK MANAGEMENT (Details) - Schedule of Credit Quality of Assets [Line Items] | ||
Loans and advances to customers | 0 | 0 |
RMS 10 | POCI £m | Gross drawn exposures | Retail – loans and overdrafts | ||
FINANCIAL RISK MANAGEMENT (Details) - Schedule of Credit Quality of Assets [Line Items] | ||
Loans and advances to customers | 0 | 0 |
RMS 10 | POCI £m | Gross drawn exposures | Retail – UK Motor Finance | ||
FINANCIAL RISK MANAGEMENT (Details) - Schedule of Credit Quality of Assets [Line Items] | ||
Loans and advances to customers | 0 | 0 |
RMS 10 | POCI £m | Gross drawn exposures | Retail – other | ||
FINANCIAL RISK MANAGEMENT (Details) - Schedule of Credit Quality of Assets [Line Items] | ||
Loans and advances to customers | 0 | 0 |
RMS 10 | POCI £m | Expected credit losses in respect of drawn exposures | Retail – UK mortgages | ||
FINANCIAL RISK MANAGEMENT (Details) - Schedule of Credit Quality of Assets [Line Items] | ||
Loans and advances to customers | 0 | 0 |
RMS 10 | POCI £m | Expected credit losses in respect of drawn exposures | Retail – credit cards | ||
FINANCIAL RISK MANAGEMENT (Details) - Schedule of Credit Quality of Assets [Line Items] | ||
Loans and advances to customers | 0 | 0 |
RMS 10 | POCI £m | Expected credit losses in respect of drawn exposures | Retail – loans and overdrafts | ||
FINANCIAL RISK MANAGEMENT (Details) - Schedule of Credit Quality of Assets [Line Items] | ||
Loans and advances to customers | 0 | 0 |
RMS 10 | POCI £m | Expected credit losses in respect of drawn exposures | Retail – UK Motor Finance | ||
FINANCIAL RISK MANAGEMENT (Details) - Schedule of Credit Quality of Assets [Line Items] | ||
Loans and advances to customers | 0 | 0 |
RMS 10 | POCI £m | Expected credit losses in respect of drawn exposures | Retail – other | ||
FINANCIAL RISK MANAGEMENT (Details) - Schedule of Credit Quality of Assets [Line Items] | ||
Loans and advances to customers | 0 | 0 |
RMS 10 | POCI £m | Gross undrawn exposures | Retail – UK mortgages | ||
FINANCIAL RISK MANAGEMENT (Details) - Schedule of Credit Quality of Assets [Line Items] | ||
Loans and advances to customers | 0 | 0 |
RMS 10 | POCI £m | Gross undrawn exposures | Retail – credit cards | ||
FINANCIAL RISK MANAGEMENT (Details) - Schedule of Credit Quality of Assets [Line Items] | ||
Loans and advances to customers | 0 | 0 |
RMS 10 | POCI £m | Gross undrawn exposures | Retail – loans and overdrafts | ||
FINANCIAL RISK MANAGEMENT (Details) - Schedule of Credit Quality of Assets [Line Items] | ||
Loans and advances to customers | 0 | 0 |
RMS 10 | POCI £m | Gross undrawn exposures | Retail – UK Motor Finance | ||
FINANCIAL RISK MANAGEMENT (Details) - Schedule of Credit Quality of Assets [Line Items] | ||
Loans and advances to customers | 0 | 0 |
RMS 10 | POCI £m | Gross undrawn exposures | Retail – other | ||
FINANCIAL RISK MANAGEMENT (Details) - Schedule of Credit Quality of Assets [Line Items] | ||
Loans and advances to customers | 0 | 0 |
RMS 10 | POCI £m | Expected credit losses in respect of undrawn exposures | Retail – UK mortgages | ||
FINANCIAL RISK MANAGEMENT (Details) - Schedule of Credit Quality of Assets [Line Items] | ||
Loans and advances to customers | 0 | 0 |
RMS 10 | POCI £m | Expected credit losses in respect of undrawn exposures | Retail – credit cards | ||
FINANCIAL RISK MANAGEMENT (Details) - Schedule of Credit Quality of Assets [Line Items] | ||
Loans and advances to customers | 0 | 0 |
RMS 10 | POCI £m | Expected credit losses in respect of undrawn exposures | Retail – loans and overdrafts | ||
FINANCIAL RISK MANAGEMENT (Details) - Schedule of Credit Quality of Assets [Line Items] | ||
Loans and advances to customers | 0 | 0 |
RMS 10 | POCI £m | Expected credit losses in respect of undrawn exposures | Retail – UK Motor Finance | ||
FINANCIAL RISK MANAGEMENT (Details) - Schedule of Credit Quality of Assets [Line Items] | ||
Loans and advances to customers | 0 | 0 |
RMS 10 | POCI £m | Expected credit losses in respect of undrawn exposures | Retail – other | ||
FINANCIAL RISK MANAGEMENT (Details) - Schedule of Credit Quality of Assets [Line Items] | ||
Loans and advances to customers | 0 | 0 |
RMS 11–13 | Gross drawn exposures | Retail – UK mortgages | ||
FINANCIAL RISK MANAGEMENT (Details) - Schedule of Credit Quality of Assets [Line Items] | ||
Loans and advances to customers | 2,374 | 1,112 |
RMS 11–13 | Gross drawn exposures | Retail – credit cards | ||
FINANCIAL RISK MANAGEMENT (Details) - Schedule of Credit Quality of Assets [Line Items] | ||
Loans and advances to customers | 368 | 235 |
RMS 11–13 | Gross drawn exposures | Retail – loans and overdrafts | ||
FINANCIAL RISK MANAGEMENT (Details) - Schedule of Credit Quality of Assets [Line Items] | ||
Loans and advances to customers | 424 | 249 |
RMS 11–13 | Gross drawn exposures | Retail – UK Motor Finance | ||
FINANCIAL RISK MANAGEMENT (Details) - Schedule of Credit Quality of Assets [Line Items] | ||
Loans and advances to customers | 150 | 154 |
RMS 11–13 | Gross drawn exposures | Retail – other | ||
FINANCIAL RISK MANAGEMENT (Details) - Schedule of Credit Quality of Assets [Line Items] | ||
Loans and advances to customers | 98 | 107 |
RMS 11–13 | Expected credit losses in respect of drawn exposures | Retail – UK mortgages | ||
FINANCIAL RISK MANAGEMENT (Details) - Schedule of Credit Quality of Assets [Line Items] | ||
Loans and advances to customers | 136 | 65 |
RMS 11–13 | Expected credit losses in respect of drawn exposures | Retail – credit cards | ||
FINANCIAL RISK MANAGEMENT (Details) - Schedule of Credit Quality of Assets [Line Items] | ||
Loans and advances to customers | 144 | 82 |
RMS 11–13 | Expected credit losses in respect of drawn exposures | Retail – loans and overdrafts | ||
FINANCIAL RISK MANAGEMENT (Details) - Schedule of Credit Quality of Assets [Line Items] | ||
Loans and advances to customers | 166 | 84 |
RMS 11–13 | Expected credit losses in respect of drawn exposures | Retail – UK Motor Finance | ||
FINANCIAL RISK MANAGEMENT (Details) - Schedule of Credit Quality of Assets [Line Items] | ||
Loans and advances to customers | 26 | 27 |
RMS 11–13 | Expected credit losses in respect of drawn exposures | Retail – other | ||
FINANCIAL RISK MANAGEMENT (Details) - Schedule of Credit Quality of Assets [Line Items] | ||
Loans and advances to customers | 0 | 0 |
RMS 11–13 | Gross undrawn exposures | Retail – UK mortgages | ||
FINANCIAL RISK MANAGEMENT (Details) - Schedule of Credit Quality of Assets [Line Items] | ||
Loans and advances to customers | 21 | 0 |
RMS 11–13 | Gross undrawn exposures | Retail – credit cards | ||
FINANCIAL RISK MANAGEMENT (Details) - Schedule of Credit Quality of Assets [Line Items] | ||
Loans and advances to customers | 76 | 58 |
RMS 11–13 | Gross undrawn exposures | Retail – loans and overdrafts | ||
FINANCIAL RISK MANAGEMENT (Details) - Schedule of Credit Quality of Assets [Line Items] | ||
Loans and advances to customers | 61 | 29 |
RMS 11–13 | Gross undrawn exposures | Retail – UK Motor Finance | ||
FINANCIAL RISK MANAGEMENT (Details) - Schedule of Credit Quality of Assets [Line Items] | ||
Loans and advances to customers | 0 | 1 |
RMS 11–13 | Gross undrawn exposures | Retail – other | ||
FINANCIAL RISK MANAGEMENT (Details) - Schedule of Credit Quality of Assets [Line Items] | ||
Loans and advances to customers | 0 | 0 |
RMS 11–13 | Expected credit losses in respect of undrawn exposures | Retail – UK mortgages | ||
FINANCIAL RISK MANAGEMENT (Details) - Schedule of Credit Quality of Assets [Line Items] | ||
Loans and advances to customers | 1 | 0 |
RMS 11–13 | Expected credit losses in respect of undrawn exposures | Retail – credit cards | ||
FINANCIAL RISK MANAGEMENT (Details) - Schedule of Credit Quality of Assets [Line Items] | ||
Loans and advances to customers | 6 | 3 |
RMS 11–13 | Expected credit losses in respect of undrawn exposures | Retail – loans and overdrafts | ||
FINANCIAL RISK MANAGEMENT (Details) - Schedule of Credit Quality of Assets [Line Items] | ||
Loans and advances to customers | 15 | 6 |
RMS 11–13 | Expected credit losses in respect of undrawn exposures | Retail – UK Motor Finance | ||
FINANCIAL RISK MANAGEMENT (Details) - Schedule of Credit Quality of Assets [Line Items] | ||
Loans and advances to customers | 0 | 0 |
RMS 11–13 | Expected credit losses in respect of undrawn exposures | Retail – other | ||
FINANCIAL RISK MANAGEMENT (Details) - Schedule of Credit Quality of Assets [Line Items] | ||
Loans and advances to customers | 0 | 0 |
RMS 11–13 | Stage 1 £m | Gross drawn exposures | Retail – UK mortgages | ||
FINANCIAL RISK MANAGEMENT (Details) - Schedule of Credit Quality of Assets [Line Items] | ||
Loans and advances to customers | 0 | 0 |
RMS 11–13 | Stage 1 £m | Gross drawn exposures | Retail – credit cards | ||
FINANCIAL RISK MANAGEMENT (Details) - Schedule of Credit Quality of Assets [Line Items] | ||
Loans and advances to customers | 0 | 0 |
RMS 11–13 | Stage 1 £m | Gross drawn exposures | Retail – loans and overdrafts | ||
FINANCIAL RISK MANAGEMENT (Details) - Schedule of Credit Quality of Assets [Line Items] | ||
Loans and advances to customers | 19 | 5 |
RMS 11–13 | Stage 1 £m | Gross drawn exposures | Retail – UK Motor Finance | ||
FINANCIAL RISK MANAGEMENT (Details) - Schedule of Credit Quality of Assets [Line Items] | ||
Loans and advances to customers | 2 | 2 |
RMS 11–13 | Stage 1 £m | Gross drawn exposures | Retail – other | ||
FINANCIAL RISK MANAGEMENT (Details) - Schedule of Credit Quality of Assets [Line Items] | ||
Loans and advances to customers | 91 | 97 |
RMS 11–13 | Stage 1 £m | Expected credit losses in respect of drawn exposures | Retail – UK mortgages | ||
FINANCIAL RISK MANAGEMENT (Details) - Schedule of Credit Quality of Assets [Line Items] | ||
Loans and advances to customers | 0 | 0 |
RMS 11–13 | Stage 1 £m | Expected credit losses in respect of drawn exposures | Retail – credit cards | ||
FINANCIAL RISK MANAGEMENT (Details) - Schedule of Credit Quality of Assets [Line Items] | ||
Loans and advances to customers | 0 | 0 |
RMS 11–13 | Stage 1 £m | Expected credit losses in respect of drawn exposures | Retail – loans and overdrafts | ||
FINANCIAL RISK MANAGEMENT (Details) - Schedule of Credit Quality of Assets [Line Items] | ||
Loans and advances to customers | 3 | 1 |
RMS 11–13 | Stage 1 £m | Expected credit losses in respect of drawn exposures | Retail – UK Motor Finance | ||
FINANCIAL RISK MANAGEMENT (Details) - Schedule of Credit Quality of Assets [Line Items] | ||
Loans and advances to customers | 0 | 0 |
RMS 11–13 | Stage 1 £m | Expected credit losses in respect of drawn exposures | Retail – other | ||
FINANCIAL RISK MANAGEMENT (Details) - Schedule of Credit Quality of Assets [Line Items] | ||
Loans and advances to customers | 0 | 0 |
RMS 11–13 | Stage 1 £m | Gross undrawn exposures | Retail – UK mortgages | ||
FINANCIAL RISK MANAGEMENT (Details) - Schedule of Credit Quality of Assets [Line Items] | ||
Loans and advances to customers | 0 | 0 |
RMS 11–13 | Stage 1 £m | Gross undrawn exposures | Retail – credit cards | ||
FINANCIAL RISK MANAGEMENT (Details) - Schedule of Credit Quality of Assets [Line Items] | ||
Loans and advances to customers | 0 | 0 |
RMS 11–13 | Stage 1 £m | Gross undrawn exposures | Retail – loans and overdrafts | ||
FINANCIAL RISK MANAGEMENT (Details) - Schedule of Credit Quality of Assets [Line Items] | ||
Loans and advances to customers | 0 | 0 |
RMS 11–13 | Stage 1 £m | Gross undrawn exposures | Retail – UK Motor Finance | ||
FINANCIAL RISK MANAGEMENT (Details) - Schedule of Credit Quality of Assets [Line Items] | ||
Loans and advances to customers | 0 | 1 |
RMS 11–13 | Stage 1 £m | Gross undrawn exposures | Retail – other | ||
FINANCIAL RISK MANAGEMENT (Details) - Schedule of Credit Quality of Assets [Line Items] | ||
Loans and advances to customers | 0 | 0 |
RMS 11–13 | Stage 1 £m | Expected credit losses in respect of undrawn exposures | Retail – UK mortgages | ||
FINANCIAL RISK MANAGEMENT (Details) - Schedule of Credit Quality of Assets [Line Items] | ||
Loans and advances to customers | 0 | 0 |
RMS 11–13 | Stage 1 £m | Expected credit losses in respect of undrawn exposures | Retail – credit cards | ||
FINANCIAL RISK MANAGEMENT (Details) - Schedule of Credit Quality of Assets [Line Items] | ||
Loans and advances to customers | 0 | 0 |
RMS 11–13 | Stage 1 £m | Expected credit losses in respect of undrawn exposures | Retail – loans and overdrafts | ||
FINANCIAL RISK MANAGEMENT (Details) - Schedule of Credit Quality of Assets [Line Items] | ||
Loans and advances to customers | 0 | 0 |
RMS 11–13 | Stage 1 £m | Expected credit losses in respect of undrawn exposures | Retail – UK Motor Finance | ||
FINANCIAL RISK MANAGEMENT (Details) - Schedule of Credit Quality of Assets [Line Items] | ||
Loans and advances to customers | 0 | 0 |
RMS 11–13 | Stage 1 £m | Expected credit losses in respect of undrawn exposures | Retail – other | ||
FINANCIAL RISK MANAGEMENT (Details) - Schedule of Credit Quality of Assets [Line Items] | ||
Loans and advances to customers | 0 | 0 |
RMS 11–13 | Stage 2 £m | Gross drawn exposures | Retail – UK mortgages | ||
FINANCIAL RISK MANAGEMENT (Details) - Schedule of Credit Quality of Assets [Line Items] | ||
Loans and advances to customers | 2,374 | 1,112 |
RMS 11–13 | Stage 2 £m | Gross drawn exposures | Retail – credit cards | ||
FINANCIAL RISK MANAGEMENT (Details) - Schedule of Credit Quality of Assets [Line Items] | ||
Loans and advances to customers | 368 | 235 |
RMS 11–13 | Stage 2 £m | Gross drawn exposures | Retail – loans and overdrafts | ||
FINANCIAL RISK MANAGEMENT (Details) - Schedule of Credit Quality of Assets [Line Items] | ||
Loans and advances to customers | 405 | 244 |
RMS 11–13 | Stage 2 £m | Gross drawn exposures | Retail – UK Motor Finance | ||
FINANCIAL RISK MANAGEMENT (Details) - Schedule of Credit Quality of Assets [Line Items] | ||
Loans and advances to customers | 148 | 152 |
RMS 11–13 | Stage 2 £m | Gross drawn exposures | Retail – other | ||
FINANCIAL RISK MANAGEMENT (Details) - Schedule of Credit Quality of Assets [Line Items] | ||
Loans and advances to customers | 7 | 10 |
RMS 11–13 | Stage 2 £m | Expected credit losses in respect of drawn exposures | Retail – UK mortgages | ||
FINANCIAL RISK MANAGEMENT (Details) - Schedule of Credit Quality of Assets [Line Items] | ||
Loans and advances to customers | 136 | 65 |
RMS 11–13 | Stage 2 £m | Expected credit losses in respect of drawn exposures | Retail – credit cards | ||
FINANCIAL RISK MANAGEMENT (Details) - Schedule of Credit Quality of Assets [Line Items] | ||
Loans and advances to customers | 144 | 82 |
RMS 11–13 | Stage 2 £m | Expected credit losses in respect of drawn exposures | Retail – loans and overdrafts | ||
FINANCIAL RISK MANAGEMENT (Details) - Schedule of Credit Quality of Assets [Line Items] | ||
Loans and advances to customers | 163 | 83 |
RMS 11–13 | Stage 2 £m | Expected credit losses in respect of drawn exposures | Retail – UK Motor Finance | ||
FINANCIAL RISK MANAGEMENT (Details) - Schedule of Credit Quality of Assets [Line Items] | ||
Loans and advances to customers | 26 | 27 |
RMS 11–13 | Stage 2 £m | Expected credit losses in respect of drawn exposures | Retail – other | ||
FINANCIAL RISK MANAGEMENT (Details) - Schedule of Credit Quality of Assets [Line Items] | ||
Loans and advances to customers | 0 | 0 |
RMS 11–13 | Stage 2 £m | Gross undrawn exposures | Retail – UK mortgages | ||
FINANCIAL RISK MANAGEMENT (Details) - Schedule of Credit Quality of Assets [Line Items] | ||
Loans and advances to customers | 21 | 0 |
RMS 11–13 | Stage 2 £m | Gross undrawn exposures | Retail – credit cards | ||
FINANCIAL RISK MANAGEMENT (Details) - Schedule of Credit Quality of Assets [Line Items] | ||
Loans and advances to customers | 76 | 58 |
RMS 11–13 | Stage 2 £m | Gross undrawn exposures | Retail – loans and overdrafts | ||
FINANCIAL RISK MANAGEMENT (Details) - Schedule of Credit Quality of Assets [Line Items] | ||
Loans and advances to customers | 61 | 29 |
RMS 11–13 | Stage 2 £m | Gross undrawn exposures | Retail – UK Motor Finance | ||
FINANCIAL RISK MANAGEMENT (Details) - Schedule of Credit Quality of Assets [Line Items] | ||
Loans and advances to customers | 0 | 0 |
RMS 11–13 | Stage 2 £m | Gross undrawn exposures | Retail – other | ||
FINANCIAL RISK MANAGEMENT (Details) - Schedule of Credit Quality of Assets [Line Items] | ||
Loans and advances to customers | 0 | 0 |
RMS 11–13 | Stage 2 £m | Expected credit losses in respect of undrawn exposures | Retail – UK mortgages | ||
FINANCIAL RISK MANAGEMENT (Details) - Schedule of Credit Quality of Assets [Line Items] | ||
Loans and advances to customers | 1 | 0 |
RMS 11–13 | Stage 2 £m | Expected credit losses in respect of undrawn exposures | Retail – credit cards | ||
FINANCIAL RISK MANAGEMENT (Details) - Schedule of Credit Quality of Assets [Line Items] | ||
Loans and advances to customers | 6 | 3 |
RMS 11–13 | Stage 2 £m | Expected credit losses in respect of undrawn exposures | Retail – loans and overdrafts | ||
FINANCIAL RISK MANAGEMENT (Details) - Schedule of Credit Quality of Assets [Line Items] | ||
Loans and advances to customers | 15 | 6 |
RMS 11–13 | Stage 2 £m | Expected credit losses in respect of undrawn exposures | Retail – UK Motor Finance | ||
FINANCIAL RISK MANAGEMENT (Details) - Schedule of Credit Quality of Assets [Line Items] | ||
Loans and advances to customers | 0 | 0 |
RMS 11–13 | Stage 2 £m | Expected credit losses in respect of undrawn exposures | Retail – other | ||
FINANCIAL RISK MANAGEMENT (Details) - Schedule of Credit Quality of Assets [Line Items] | ||
Loans and advances to customers | 0 | 0 |
RMS 11–13 | Stage 3 £m | Gross drawn exposures | Retail – UK mortgages | ||
FINANCIAL RISK MANAGEMENT (Details) - Schedule of Credit Quality of Assets [Line Items] | ||
Loans and advances to customers | 0 | 0 |
RMS 11–13 | Stage 3 £m | Gross drawn exposures | Retail – credit cards | ||
FINANCIAL RISK MANAGEMENT (Details) - Schedule of Credit Quality of Assets [Line Items] | ||
Loans and advances to customers | 0 | 0 |
RMS 11–13 | Stage 3 £m | Gross drawn exposures | Retail – loans and overdrafts | ||
FINANCIAL RISK MANAGEMENT (Details) - Schedule of Credit Quality of Assets [Line Items] | ||
Loans and advances to customers | 0 | 0 |
RMS 11–13 | Stage 3 £m | Gross drawn exposures | Retail – UK Motor Finance | ||
FINANCIAL RISK MANAGEMENT (Details) - Schedule of Credit Quality of Assets [Line Items] | ||
Loans and advances to customers | 0 | 0 |
RMS 11–13 | Stage 3 £m | Gross drawn exposures | Retail – other | ||
FINANCIAL RISK MANAGEMENT (Details) - Schedule of Credit Quality of Assets [Line Items] | ||
Loans and advances to customers | 0 | 0 |
RMS 11–13 | Stage 3 £m | Expected credit losses in respect of drawn exposures | Retail – UK mortgages | ||
FINANCIAL RISK MANAGEMENT (Details) - Schedule of Credit Quality of Assets [Line Items] | ||
Loans and advances to customers | 0 | 0 |
RMS 11–13 | Stage 3 £m | Expected credit losses in respect of drawn exposures | Retail – credit cards | ||
FINANCIAL RISK MANAGEMENT (Details) - Schedule of Credit Quality of Assets [Line Items] | ||
Loans and advances to customers | 0 | 0 |
RMS 11–13 | Stage 3 £m | Expected credit losses in respect of drawn exposures | Retail – loans and overdrafts | ||
FINANCIAL RISK MANAGEMENT (Details) - Schedule of Credit Quality of Assets [Line Items] | ||
Loans and advances to customers | 0 | 0 |
RMS 11–13 | Stage 3 £m | Expected credit losses in respect of drawn exposures | Retail – UK Motor Finance | ||
FINANCIAL RISK MANAGEMENT (Details) - Schedule of Credit Quality of Assets [Line Items] | ||
Loans and advances to customers | 0 | 0 |
RMS 11–13 | Stage 3 £m | Expected credit losses in respect of drawn exposures | Retail – other | ||
FINANCIAL RISK MANAGEMENT (Details) - Schedule of Credit Quality of Assets [Line Items] | ||
Loans and advances to customers | 0 | 0 |
RMS 11–13 | Stage 3 £m | Gross undrawn exposures | Retail – UK mortgages | ||
FINANCIAL RISK MANAGEMENT (Details) - Schedule of Credit Quality of Assets [Line Items] | ||
Loans and advances to customers | 0 | 0 |
RMS 11–13 | Stage 3 £m | Gross undrawn exposures | Retail – credit cards | ||
FINANCIAL RISK MANAGEMENT (Details) - Schedule of Credit Quality of Assets [Line Items] | ||
Loans and advances to customers | 0 | 0 |
RMS 11–13 | Stage 3 £m | Gross undrawn exposures | Retail – loans and overdrafts | ||
FINANCIAL RISK MANAGEMENT (Details) - Schedule of Credit Quality of Assets [Line Items] | ||
Loans and advances to customers | 0 | 0 |
RMS 11–13 | Stage 3 £m | Gross undrawn exposures | Retail – UK Motor Finance | ||
FINANCIAL RISK MANAGEMENT (Details) - Schedule of Credit Quality of Assets [Line Items] | ||
Loans and advances to customers | 0 | 0 |
RMS 11–13 | Stage 3 £m | Gross undrawn exposures | Retail – other | ||
FINANCIAL RISK MANAGEMENT (Details) - Schedule of Credit Quality of Assets [Line Items] | ||
Loans and advances to customers | 0 | 0 |
RMS 11–13 | Stage 3 £m | Expected credit losses in respect of undrawn exposures | Retail – UK mortgages | ||
FINANCIAL RISK MANAGEMENT (Details) - Schedule of Credit Quality of Assets [Line Items] | ||
Loans and advances to customers | 0 | 0 |
RMS 11–13 | Stage 3 £m | Expected credit losses in respect of undrawn exposures | Retail – credit cards | ||
FINANCIAL RISK MANAGEMENT (Details) - Schedule of Credit Quality of Assets [Line Items] | ||
Loans and advances to customers | 0 | 0 |
RMS 11–13 | Stage 3 £m | Expected credit losses in respect of undrawn exposures | Retail – loans and overdrafts | ||
FINANCIAL RISK MANAGEMENT (Details) - Schedule of Credit Quality of Assets [Line Items] | ||
Loans and advances to customers | 0 | 0 |
RMS 11–13 | Stage 3 £m | Expected credit losses in respect of undrawn exposures | Retail – UK Motor Finance | ||
FINANCIAL RISK MANAGEMENT (Details) - Schedule of Credit Quality of Assets [Line Items] | ||
Loans and advances to customers | 0 | 0 |
RMS 11–13 | Stage 3 £m | Expected credit losses in respect of undrawn exposures | Retail – other | ||
FINANCIAL RISK MANAGEMENT (Details) - Schedule of Credit Quality of Assets [Line Items] | ||
Loans and advances to customers | 0 | 0 |
RMS 11–13 | POCI £m | Gross drawn exposures | Retail – UK mortgages | ||
FINANCIAL RISK MANAGEMENT (Details) - Schedule of Credit Quality of Assets [Line Items] | ||
Loans and advances to customers | 0 | 0 |
RMS 11–13 | POCI £m | Gross drawn exposures | Retail – credit cards | ||
FINANCIAL RISK MANAGEMENT (Details) - Schedule of Credit Quality of Assets [Line Items] | ||
Loans and advances to customers | 0 | 0 |
RMS 11–13 | POCI £m | Gross drawn exposures | Retail – loans and overdrafts | ||
FINANCIAL RISK MANAGEMENT (Details) - Schedule of Credit Quality of Assets [Line Items] | ||
Loans and advances to customers | 0 | 0 |
RMS 11–13 | POCI £m | Gross drawn exposures | Retail – UK Motor Finance | ||
FINANCIAL RISK MANAGEMENT (Details) - Schedule of Credit Quality of Assets [Line Items] | ||
Loans and advances to customers | 0 | 0 |
RMS 11–13 | POCI £m | Gross drawn exposures | Retail – other | ||
FINANCIAL RISK MANAGEMENT (Details) - Schedule of Credit Quality of Assets [Line Items] | ||
Loans and advances to customers | 0 | 0 |
RMS 11–13 | POCI £m | Expected credit losses in respect of drawn exposures | Retail – UK mortgages | ||
FINANCIAL RISK MANAGEMENT (Details) - Schedule of Credit Quality of Assets [Line Items] | ||
Loans and advances to customers | 0 | 0 |
RMS 11–13 | POCI £m | Expected credit losses in respect of drawn exposures | Retail – credit cards | ||
FINANCIAL RISK MANAGEMENT (Details) - Schedule of Credit Quality of Assets [Line Items] | ||
Loans and advances to customers | 0 | 0 |
RMS 11–13 | POCI £m | Expected credit losses in respect of drawn exposures | Retail – loans and overdrafts | ||
FINANCIAL RISK MANAGEMENT (Details) - Schedule of Credit Quality of Assets [Line Items] | ||
Loans and advances to customers | 0 | 0 |
RMS 11–13 | POCI £m | Expected credit losses in respect of drawn exposures | Retail – UK Motor Finance | ||
FINANCIAL RISK MANAGEMENT (Details) - Schedule of Credit Quality of Assets [Line Items] | ||
Loans and advances to customers | 0 | 0 |
RMS 11–13 | POCI £m | Expected credit losses in respect of drawn exposures | Retail – other | ||
FINANCIAL RISK MANAGEMENT (Details) - Schedule of Credit Quality of Assets [Line Items] | ||
Loans and advances to customers | 0 | 0 |
RMS 11–13 | POCI £m | Gross undrawn exposures | Retail – UK mortgages | ||
FINANCIAL RISK MANAGEMENT (Details) - Schedule of Credit Quality of Assets [Line Items] | ||
Loans and advances to customers | 0 | 0 |
RMS 11–13 | POCI £m | Gross undrawn exposures | Retail – credit cards | ||
FINANCIAL RISK MANAGEMENT (Details) - Schedule of Credit Quality of Assets [Line Items] | ||
Loans and advances to customers | 0 | 0 |
RMS 11–13 | POCI £m | Gross undrawn exposures | Retail – loans and overdrafts | ||
FINANCIAL RISK MANAGEMENT (Details) - Schedule of Credit Quality of Assets [Line Items] | ||
Loans and advances to customers | 0 | 0 |
RMS 11–13 | POCI £m | Gross undrawn exposures | Retail – UK Motor Finance | ||
FINANCIAL RISK MANAGEMENT (Details) - Schedule of Credit Quality of Assets [Line Items] | ||
Loans and advances to customers | 0 | 0 |
RMS 11–13 | POCI £m | Gross undrawn exposures | Retail – other | ||
FINANCIAL RISK MANAGEMENT (Details) - Schedule of Credit Quality of Assets [Line Items] | ||
Loans and advances to customers | 0 | 0 |
RMS 11–13 | POCI £m | Expected credit losses in respect of undrawn exposures | Retail – UK mortgages | ||
FINANCIAL RISK MANAGEMENT (Details) - Schedule of Credit Quality of Assets [Line Items] | ||
Loans and advances to customers | 0 | 0 |
RMS 11–13 | POCI £m | Expected credit losses in respect of undrawn exposures | Retail – credit cards | ||
FINANCIAL RISK MANAGEMENT (Details) - Schedule of Credit Quality of Assets [Line Items] | ||
Loans and advances to customers | 0 | 0 |
RMS 11–13 | POCI £m | Expected credit losses in respect of undrawn exposures | Retail – loans and overdrafts | ||
FINANCIAL RISK MANAGEMENT (Details) - Schedule of Credit Quality of Assets [Line Items] | ||
Loans and advances to customers | 0 | 0 |
RMS 11–13 | POCI £m | Expected credit losses in respect of undrawn exposures | Retail – UK Motor Finance | ||
FINANCIAL RISK MANAGEMENT (Details) - Schedule of Credit Quality of Assets [Line Items] | ||
Loans and advances to customers | 0 | 0 |
RMS 11–13 | POCI £m | Expected credit losses in respect of undrawn exposures | Retail – other | ||
FINANCIAL RISK MANAGEMENT (Details) - Schedule of Credit Quality of Assets [Line Items] | ||
Loans and advances to customers | 0 | 0 |
RMS 14 | Gross drawn exposures | Retail – UK mortgages | ||
FINANCIAL RISK MANAGEMENT (Details) - Schedule of Credit Quality of Assets [Line Items] | ||
Loans and advances to customers | 13,038 | 12,917 |
RMS 14 | Gross drawn exposures | Retail – credit cards | ||
FINANCIAL RISK MANAGEMENT (Details) - Schedule of Credit Quality of Assets [Line Items] | ||
Loans and advances to customers | 289 | 292 |
RMS 14 | Gross drawn exposures | Retail – loans and overdrafts | ||
FINANCIAL RISK MANAGEMENT (Details) - Schedule of Credit Quality of Assets [Line Items] | ||
Loans and advances to customers | 247 | 271 |
RMS 14 | Gross drawn exposures | Retail – UK Motor Finance | ||
FINANCIAL RISK MANAGEMENT (Details) - Schedule of Credit Quality of Assets [Line Items] | ||
Loans and advances to customers | 154 | 201 |
RMS 14 | Gross drawn exposures | Retail – other | ||
FINANCIAL RISK MANAGEMENT (Details) - Schedule of Credit Quality of Assets [Line Items] | ||
Loans and advances to customers | 157 | 169 |
RMS 14 | Expected credit losses in respect of drawn exposures | Retail – UK mortgages | ||
FINANCIAL RISK MANAGEMENT (Details) - Schedule of Credit Quality of Assets [Line Items] | ||
Loans and advances to customers | 564 | 394 |
RMS 14 | Expected credit losses in respect of drawn exposures | Retail – credit cards | ||
FINANCIAL RISK MANAGEMENT (Details) - Schedule of Credit Quality of Assets [Line Items] | ||
Loans and advances to customers | 113 | 128 |
RMS 14 | Expected credit losses in respect of drawn exposures | Retail – loans and overdrafts | ||
FINANCIAL RISK MANAGEMENT (Details) - Schedule of Credit Quality of Assets [Line Items] | ||
Loans and advances to customers | 126 | 139 |
RMS 14 | Expected credit losses in respect of drawn exposures | Retail – UK Motor Finance | ||
FINANCIAL RISK MANAGEMENT (Details) - Schedule of Credit Quality of Assets [Line Items] | ||
Loans and advances to customers | 81 | 116 |
RMS 14 | Expected credit losses in respect of drawn exposures | Retail – other | ||
FINANCIAL RISK MANAGEMENT (Details) - Schedule of Credit Quality of Assets [Line Items] | ||
Loans and advances to customers | 52 | 52 |
RMS 14 | Gross undrawn exposures | Retail – UK mortgages | ||
FINANCIAL RISK MANAGEMENT (Details) - Schedule of Credit Quality of Assets [Line Items] | ||
Loans and advances to customers | 84 | 85 |
RMS 14 | Gross undrawn exposures | Retail – credit cards | ||
FINANCIAL RISK MANAGEMENT (Details) - Schedule of Credit Quality of Assets [Line Items] | ||
Loans and advances to customers | 45 | 55 |
RMS 14 | Gross undrawn exposures | Retail – loans and overdrafts | ||
FINANCIAL RISK MANAGEMENT (Details) - Schedule of Credit Quality of Assets [Line Items] | ||
Loans and advances to customers | 17 | 18 |
RMS 14 | Gross undrawn exposures | Retail – UK Motor Finance | ||
FINANCIAL RISK MANAGEMENT (Details) - Schedule of Credit Quality of Assets [Line Items] | ||
Loans and advances to customers | 0 | 0 |
RMS 14 | Gross undrawn exposures | Retail – other | ||
FINANCIAL RISK MANAGEMENT (Details) - Schedule of Credit Quality of Assets [Line Items] | ||
Loans and advances to customers | 0 | 0 |
RMS 14 | Expected credit losses in respect of undrawn exposures | Retail – UK mortgages | ||
FINANCIAL RISK MANAGEMENT (Details) - Schedule of Credit Quality of Assets [Line Items] | ||
Loans and advances to customers | 0 | 0 |
RMS 14 | Expected credit losses in respect of undrawn exposures | Retail – credit cards | ||
FINANCIAL RISK MANAGEMENT (Details) - Schedule of Credit Quality of Assets [Line Items] | ||
Loans and advances to customers | 0 | 0 |
RMS 14 | Expected credit losses in respect of undrawn exposures | Retail – loans and overdrafts | ||
FINANCIAL RISK MANAGEMENT (Details) - Schedule of Credit Quality of Assets [Line Items] | ||
Loans and advances to customers | 0 | 0 |
RMS 14 | Expected credit losses in respect of undrawn exposures | Retail – UK Motor Finance | ||
FINANCIAL RISK MANAGEMENT (Details) - Schedule of Credit Quality of Assets [Line Items] | ||
Loans and advances to customers | 0 | 0 |
RMS 14 | Expected credit losses in respect of undrawn exposures | Retail – other | ||
FINANCIAL RISK MANAGEMENT (Details) - Schedule of Credit Quality of Assets [Line Items] | ||
Loans and advances to customers | 0 | 0 |
RMS 14 | Stage 1 £m | Gross drawn exposures | Retail – UK mortgages | ||
FINANCIAL RISK MANAGEMENT (Details) - Schedule of Credit Quality of Assets [Line Items] | ||
Loans and advances to customers | 0 | 0 |
RMS 14 | Stage 1 £m | Gross drawn exposures | Retail – credit cards | ||
FINANCIAL RISK MANAGEMENT (Details) - Schedule of Credit Quality of Assets [Line Items] | ||
Loans and advances to customers | 0 | 0 |
RMS 14 | Stage 1 £m | Gross drawn exposures | Retail – loans and overdrafts | ||
FINANCIAL RISK MANAGEMENT (Details) - Schedule of Credit Quality of Assets [Line Items] | ||
Loans and advances to customers | 0 | 0 |
RMS 14 | Stage 1 £m | Gross drawn exposures | Retail – UK Motor Finance | ||
FINANCIAL RISK MANAGEMENT (Details) - Schedule of Credit Quality of Assets [Line Items] | ||
Loans and advances to customers | 0 | 0 |
RMS 14 | Stage 1 £m | Gross drawn exposures | Retail – other | ||
FINANCIAL RISK MANAGEMENT (Details) - Schedule of Credit Quality of Assets [Line Items] | ||
Loans and advances to customers | 0 | 0 |
RMS 14 | Stage 1 £m | Expected credit losses in respect of drawn exposures | Retail – UK mortgages | ||
FINANCIAL RISK MANAGEMENT (Details) - Schedule of Credit Quality of Assets [Line Items] | ||
Loans and advances to customers | 0 | 0 |
RMS 14 | Stage 1 £m | Expected credit losses in respect of drawn exposures | Retail – credit cards | ||
FINANCIAL RISK MANAGEMENT (Details) - Schedule of Credit Quality of Assets [Line Items] | ||
Loans and advances to customers | 0 | 0 |
RMS 14 | Stage 1 £m | Expected credit losses in respect of drawn exposures | Retail – loans and overdrafts | ||
FINANCIAL RISK MANAGEMENT (Details) - Schedule of Credit Quality of Assets [Line Items] | ||
Loans and advances to customers | 0 | 0 |
RMS 14 | Stage 1 £m | Expected credit losses in respect of drawn exposures | Retail – UK Motor Finance | ||
FINANCIAL RISK MANAGEMENT (Details) - Schedule of Credit Quality of Assets [Line Items] | ||
Loans and advances to customers | 0 | 0 |
RMS 14 | Stage 1 £m | Expected credit losses in respect of drawn exposures | Retail – other | ||
FINANCIAL RISK MANAGEMENT (Details) - Schedule of Credit Quality of Assets [Line Items] | ||
Loans and advances to customers | 0 | 0 |
RMS 14 | Stage 1 £m | Gross undrawn exposures | Retail – UK mortgages | ||
FINANCIAL RISK MANAGEMENT (Details) - Schedule of Credit Quality of Assets [Line Items] | ||
Loans and advances to customers | 0 | 0 |
RMS 14 | Stage 1 £m | Gross undrawn exposures | Retail – credit cards | ||
FINANCIAL RISK MANAGEMENT (Details) - Schedule of Credit Quality of Assets [Line Items] | ||
Loans and advances to customers | 0 | 0 |
RMS 14 | Stage 1 £m | Gross undrawn exposures | Retail – loans and overdrafts | ||
FINANCIAL RISK MANAGEMENT (Details) - Schedule of Credit Quality of Assets [Line Items] | ||
Loans and advances to customers | 0 | 0 |
RMS 14 | Stage 1 £m | Gross undrawn exposures | Retail – UK Motor Finance | ||
FINANCIAL RISK MANAGEMENT (Details) - Schedule of Credit Quality of Assets [Line Items] | ||
Loans and advances to customers | 0 | 0 |
RMS 14 | Stage 1 £m | Gross undrawn exposures | Retail – other | ||
FINANCIAL RISK MANAGEMENT (Details) - Schedule of Credit Quality of Assets [Line Items] | ||
Loans and advances to customers | 0 | 0 |
RMS 14 | Stage 1 £m | Expected credit losses in respect of undrawn exposures | Retail – UK mortgages | ||
FINANCIAL RISK MANAGEMENT (Details) - Schedule of Credit Quality of Assets [Line Items] | ||
Loans and advances to customers | 0 | 0 |
RMS 14 | Stage 1 £m | Expected credit losses in respect of undrawn exposures | Retail – credit cards | ||
FINANCIAL RISK MANAGEMENT (Details) - Schedule of Credit Quality of Assets [Line Items] | ||
Loans and advances to customers | 0 | 0 |
RMS 14 | Stage 1 £m | Expected credit losses in respect of undrawn exposures | Retail – loans and overdrafts | ||
FINANCIAL RISK MANAGEMENT (Details) - Schedule of Credit Quality of Assets [Line Items] | ||
Loans and advances to customers | 0 | 0 |
RMS 14 | Stage 1 £m | Expected credit losses in respect of undrawn exposures | Retail – UK Motor Finance | ||
FINANCIAL RISK MANAGEMENT (Details) - Schedule of Credit Quality of Assets [Line Items] | ||
Loans and advances to customers | 0 | 0 |
RMS 14 | Stage 1 £m | Expected credit losses in respect of undrawn exposures | Retail – other | ||
FINANCIAL RISK MANAGEMENT (Details) - Schedule of Credit Quality of Assets [Line Items] | ||
Loans and advances to customers | 0 | 0 |
RMS 14 | Stage 2 £m | Gross drawn exposures | Retail – UK mortgages | ||
FINANCIAL RISK MANAGEMENT (Details) - Schedule of Credit Quality of Assets [Line Items] | ||
Loans and advances to customers | 0 | 0 |
RMS 14 | Stage 2 £m | Gross drawn exposures | Retail – credit cards | ||
FINANCIAL RISK MANAGEMENT (Details) - Schedule of Credit Quality of Assets [Line Items] | ||
Loans and advances to customers | 0 | 0 |
RMS 14 | Stage 2 £m | Gross drawn exposures | Retail – loans and overdrafts | ||
FINANCIAL RISK MANAGEMENT (Details) - Schedule of Credit Quality of Assets [Line Items] | ||
Loans and advances to customers | 0 | 0 |
RMS 14 | Stage 2 £m | Gross drawn exposures | Retail – UK Motor Finance | ||
FINANCIAL RISK MANAGEMENT (Details) - Schedule of Credit Quality of Assets [Line Items] | ||
Loans and advances to customers | 0 | 0 |
RMS 14 | Stage 2 £m | Gross drawn exposures | Retail – other | ||
FINANCIAL RISK MANAGEMENT (Details) - Schedule of Credit Quality of Assets [Line Items] | ||
Loans and advances to customers | 0 | 0 |
RMS 14 | Stage 2 £m | Expected credit losses in respect of drawn exposures | Retail – UK mortgages | ||
FINANCIAL RISK MANAGEMENT (Details) - Schedule of Credit Quality of Assets [Line Items] | ||
Loans and advances to customers | 0 | 0 |
RMS 14 | Stage 2 £m | Expected credit losses in respect of drawn exposures | Retail – credit cards | ||
FINANCIAL RISK MANAGEMENT (Details) - Schedule of Credit Quality of Assets [Line Items] | ||
Loans and advances to customers | 0 | 0 |
RMS 14 | Stage 2 £m | Expected credit losses in respect of drawn exposures | Retail – loans and overdrafts | ||
FINANCIAL RISK MANAGEMENT (Details) - Schedule of Credit Quality of Assets [Line Items] | ||
Loans and advances to customers | 0 | 0 |
RMS 14 | Stage 2 £m | Expected credit losses in respect of drawn exposures | Retail – UK Motor Finance | ||
FINANCIAL RISK MANAGEMENT (Details) - Schedule of Credit Quality of Assets [Line Items] | ||
Loans and advances to customers | 0 | 0 |
RMS 14 | Stage 2 £m | Expected credit losses in respect of drawn exposures | Retail – other | ||
FINANCIAL RISK MANAGEMENT (Details) - Schedule of Credit Quality of Assets [Line Items] | ||
Loans and advances to customers | 0 | 0 |
RMS 14 | Stage 2 £m | Gross undrawn exposures | Retail – UK mortgages | ||
FINANCIAL RISK MANAGEMENT (Details) - Schedule of Credit Quality of Assets [Line Items] | ||
Loans and advances to customers | 0 | 0 |
RMS 14 | Stage 2 £m | Gross undrawn exposures | Retail – credit cards | ||
FINANCIAL RISK MANAGEMENT (Details) - Schedule of Credit Quality of Assets [Line Items] | ||
Loans and advances to customers | 0 | 0 |
RMS 14 | Stage 2 £m | Gross undrawn exposures | Retail – loans and overdrafts | ||
FINANCIAL RISK MANAGEMENT (Details) - Schedule of Credit Quality of Assets [Line Items] | ||
Loans and advances to customers | 0 | 0 |
RMS 14 | Stage 2 £m | Gross undrawn exposures | Retail – UK Motor Finance | ||
FINANCIAL RISK MANAGEMENT (Details) - Schedule of Credit Quality of Assets [Line Items] | ||
Loans and advances to customers | 0 | 0 |
RMS 14 | Stage 2 £m | Gross undrawn exposures | Retail – other | ||
FINANCIAL RISK MANAGEMENT (Details) - Schedule of Credit Quality of Assets [Line Items] | ||
Loans and advances to customers | 0 | 0 |
RMS 14 | Stage 2 £m | Expected credit losses in respect of undrawn exposures | Retail – UK mortgages | ||
FINANCIAL RISK MANAGEMENT (Details) - Schedule of Credit Quality of Assets [Line Items] | ||
Loans and advances to customers | 0 | 0 |
RMS 14 | Stage 2 £m | Expected credit losses in respect of undrawn exposures | Retail – credit cards | ||
FINANCIAL RISK MANAGEMENT (Details) - Schedule of Credit Quality of Assets [Line Items] | ||
Loans and advances to customers | 0 | 0 |
RMS 14 | Stage 2 £m | Expected credit losses in respect of undrawn exposures | Retail – loans and overdrafts | ||
FINANCIAL RISK MANAGEMENT (Details) - Schedule of Credit Quality of Assets [Line Items] | ||
Loans and advances to customers | 0 | 0 |
RMS 14 | Stage 2 £m | Expected credit losses in respect of undrawn exposures | Retail – UK Motor Finance | ||
FINANCIAL RISK MANAGEMENT (Details) - Schedule of Credit Quality of Assets [Line Items] | ||
Loans and advances to customers | 0 | 0 |
RMS 14 | Stage 2 £m | Expected credit losses in respect of undrawn exposures | Retail – other | ||
FINANCIAL RISK MANAGEMENT (Details) - Schedule of Credit Quality of Assets [Line Items] | ||
Loans and advances to customers | 0 | 0 |
RMS 14 | Stage 3 £m | Gross drawn exposures | Retail – UK mortgages | ||
FINANCIAL RISK MANAGEMENT (Details) - Schedule of Credit Quality of Assets [Line Items] | ||
Loans and advances to customers | 3,416 | 1,940 |
RMS 14 | Stage 3 £m | Gross drawn exposures | Retail – credit cards | ||
FINANCIAL RISK MANAGEMENT (Details) - Schedule of Credit Quality of Assets [Line Items] | ||
Loans and advances to customers | 289 | 292 |
RMS 14 | Stage 3 £m | Gross drawn exposures | Retail – loans and overdrafts | ||
FINANCIAL RISK MANAGEMENT (Details) - Schedule of Credit Quality of Assets [Line Items] | ||
Loans and advances to customers | 247 | 271 |
RMS 14 | Stage 3 £m | Gross drawn exposures | Retail – UK Motor Finance | ||
FINANCIAL RISK MANAGEMENT (Details) - Schedule of Credit Quality of Assets [Line Items] | ||
Loans and advances to customers | 154 | 201 |
RMS 14 | Stage 3 £m | Gross drawn exposures | Retail – other | ||
FINANCIAL RISK MANAGEMENT (Details) - Schedule of Credit Quality of Assets [Line Items] | ||
Loans and advances to customers | 157 | 169 |
RMS 14 | Stage 3 £m | Expected credit losses in respect of drawn exposures | Retail – UK mortgages | ||
FINANCIAL RISK MANAGEMENT (Details) - Schedule of Credit Quality of Assets [Line Items] | ||
Loans and advances to customers | 311 | 184 |
RMS 14 | Stage 3 £m | Expected credit losses in respect of drawn exposures | Retail – credit cards | ||
FINANCIAL RISK MANAGEMENT (Details) - Schedule of Credit Quality of Assets [Line Items] | ||
Loans and advances to customers | 113 | 128 |
RMS 14 | Stage 3 £m | Expected credit losses in respect of drawn exposures | Retail – loans and overdrafts | ||
FINANCIAL RISK MANAGEMENT (Details) - Schedule of Credit Quality of Assets [Line Items] | ||
Loans and advances to customers | 126 | 139 |
RMS 14 | Stage 3 £m | Expected credit losses in respect of drawn exposures | Retail – UK Motor Finance | ||
FINANCIAL RISK MANAGEMENT (Details) - Schedule of Credit Quality of Assets [Line Items] | ||
Loans and advances to customers | 81 | 116 |
RMS 14 | Stage 3 £m | Expected credit losses in respect of drawn exposures | Retail – other | ||
FINANCIAL RISK MANAGEMENT (Details) - Schedule of Credit Quality of Assets [Line Items] | ||
Loans and advances to customers | 52 | 52 |
RMS 14 | Stage 3 £m | Gross undrawn exposures | Retail – UK mortgages | ||
FINANCIAL RISK MANAGEMENT (Details) - Schedule of Credit Quality of Assets [Line Items] | ||
Loans and advances to customers | 17 | 13 |
RMS 14 | Stage 3 £m | Gross undrawn exposures | Retail – credit cards | ||
FINANCIAL RISK MANAGEMENT (Details) - Schedule of Credit Quality of Assets [Line Items] | ||
Loans and advances to customers | 45 | 55 |
RMS 14 | Stage 3 £m | Gross undrawn exposures | Retail – loans and overdrafts | ||
FINANCIAL RISK MANAGEMENT (Details) - Schedule of Credit Quality of Assets [Line Items] | ||
Loans and advances to customers | 17 | 18 |
RMS 14 | Stage 3 £m | Gross undrawn exposures | Retail – UK Motor Finance | ||
FINANCIAL RISK MANAGEMENT (Details) - Schedule of Credit Quality of Assets [Line Items] | ||
Loans and advances to customers | 0 | 0 |
RMS 14 | Stage 3 £m | Gross undrawn exposures | Retail – other | ||
FINANCIAL RISK MANAGEMENT (Details) - Schedule of Credit Quality of Assets [Line Items] | ||
Loans and advances to customers | 0 | 0 |
RMS 14 | Stage 3 £m | Expected credit losses in respect of undrawn exposures | Retail – UK mortgages | ||
FINANCIAL RISK MANAGEMENT (Details) - Schedule of Credit Quality of Assets [Line Items] | ||
Loans and advances to customers | 0 | 0 |
RMS 14 | Stage 3 £m | Expected credit losses in respect of undrawn exposures | Retail – credit cards | ||
FINANCIAL RISK MANAGEMENT (Details) - Schedule of Credit Quality of Assets [Line Items] | ||
Loans and advances to customers | 0 | 0 |
RMS 14 | Stage 3 £m | Expected credit losses in respect of undrawn exposures | Retail – loans and overdrafts | ||
FINANCIAL RISK MANAGEMENT (Details) - Schedule of Credit Quality of Assets [Line Items] | ||
Loans and advances to customers | 0 | 0 |
RMS 14 | Stage 3 £m | Expected credit losses in respect of undrawn exposures | Retail – UK Motor Finance | ||
FINANCIAL RISK MANAGEMENT (Details) - Schedule of Credit Quality of Assets [Line Items] | ||
Loans and advances to customers | 0 | 0 |
RMS 14 | Stage 3 £m | Expected credit losses in respect of undrawn exposures | Retail – other | ||
FINANCIAL RISK MANAGEMENT (Details) - Schedule of Credit Quality of Assets [Line Items] | ||
Loans and advances to customers | 0 | 0 |
RMS 14 | POCI £m | Gross drawn exposures | Retail – UK mortgages | ||
FINANCIAL RISK MANAGEMENT (Details) - Schedule of Credit Quality of Assets [Line Items] | ||
Loans and advances to customers | 9,622 | 10,977 |
RMS 14 | POCI £m | Gross drawn exposures | Retail – credit cards | ||
FINANCIAL RISK MANAGEMENT (Details) - Schedule of Credit Quality of Assets [Line Items] | ||
Loans and advances to customers | 0 | 0 |
RMS 14 | POCI £m | Gross drawn exposures | Retail – loans and overdrafts | ||
FINANCIAL RISK MANAGEMENT (Details) - Schedule of Credit Quality of Assets [Line Items] | ||
Loans and advances to customers | 0 | 0 |
RMS 14 | POCI £m | Gross drawn exposures | Retail – UK Motor Finance | ||
FINANCIAL RISK MANAGEMENT (Details) - Schedule of Credit Quality of Assets [Line Items] | ||
Loans and advances to customers | 0 | 0 |
RMS 14 | POCI £m | Gross drawn exposures | Retail – other | ||
FINANCIAL RISK MANAGEMENT (Details) - Schedule of Credit Quality of Assets [Line Items] | ||
Loans and advances to customers | 0 | 0 |
RMS 14 | POCI £m | Expected credit losses in respect of drawn exposures | Retail – UK mortgages | ||
FINANCIAL RISK MANAGEMENT (Details) - Schedule of Credit Quality of Assets [Line Items] | ||
Loans and advances to customers | 253 | 210 |
RMS 14 | POCI £m | Expected credit losses in respect of drawn exposures | Retail – credit cards | ||
FINANCIAL RISK MANAGEMENT (Details) - Schedule of Credit Quality of Assets [Line Items] | ||
Loans and advances to customers | 0 | 0 |
RMS 14 | POCI £m | Expected credit losses in respect of drawn exposures | Retail – loans and overdrafts | ||
FINANCIAL RISK MANAGEMENT (Details) - Schedule of Credit Quality of Assets [Line Items] | ||
Loans and advances to customers | 0 | 0 |
RMS 14 | POCI £m | Expected credit losses in respect of drawn exposures | Retail – UK Motor Finance | ||
FINANCIAL RISK MANAGEMENT (Details) - Schedule of Credit Quality of Assets [Line Items] | ||
Loans and advances to customers | 0 | 0 |
RMS 14 | POCI £m | Expected credit losses in respect of drawn exposures | Retail – other | ||
FINANCIAL RISK MANAGEMENT (Details) - Schedule of Credit Quality of Assets [Line Items] | ||
Loans and advances to customers | 0 | 0 |
RMS 14 | POCI £m | Gross undrawn exposures | Retail – UK mortgages | ||
FINANCIAL RISK MANAGEMENT (Details) - Schedule of Credit Quality of Assets [Line Items] | ||
Loans and advances to customers | 67 | 72 |
RMS 14 | POCI £m | Gross undrawn exposures | Retail – credit cards | ||
FINANCIAL RISK MANAGEMENT (Details) - Schedule of Credit Quality of Assets [Line Items] | ||
Loans and advances to customers | 0 | 0 |
RMS 14 | POCI £m | Gross undrawn exposures | Retail – loans and overdrafts | ||
FINANCIAL RISK MANAGEMENT (Details) - Schedule of Credit Quality of Assets [Line Items] | ||
Loans and advances to customers | 0 | 0 |
RMS 14 | POCI £m | Gross undrawn exposures | Retail – UK Motor Finance | ||
FINANCIAL RISK MANAGEMENT (Details) - Schedule of Credit Quality of Assets [Line Items] | ||
Loans and advances to customers | 0 | 0 |
RMS 14 | POCI £m | Gross undrawn exposures | Retail – other | ||
FINANCIAL RISK MANAGEMENT (Details) - Schedule of Credit Quality of Assets [Line Items] | ||
Loans and advances to customers | 0 | 0 |
RMS 14 | POCI £m | Expected credit losses in respect of undrawn exposures | Retail – UK mortgages | ||
FINANCIAL RISK MANAGEMENT (Details) - Schedule of Credit Quality of Assets [Line Items] | ||
Loans and advances to customers | 0 | 0 |
RMS 14 | POCI £m | Expected credit losses in respect of undrawn exposures | Retail – credit cards | ||
FINANCIAL RISK MANAGEMENT (Details) - Schedule of Credit Quality of Assets [Line Items] | ||
Loans and advances to customers | 0 | 0 |
RMS 14 | POCI £m | Expected credit losses in respect of undrawn exposures | Retail – loans and overdrafts | ||
FINANCIAL RISK MANAGEMENT (Details) - Schedule of Credit Quality of Assets [Line Items] | ||
Loans and advances to customers | 0 | 0 |
RMS 14 | POCI £m | Expected credit losses in respect of undrawn exposures | Retail – UK Motor Finance | ||
FINANCIAL RISK MANAGEMENT (Details) - Schedule of Credit Quality of Assets [Line Items] | ||
Loans and advances to customers | 0 | 0 |
RMS 14 | POCI £m | Expected credit losses in respect of undrawn exposures | Retail – other | ||
FINANCIAL RISK MANAGEMENT (Details) - Schedule of Credit Quality of Assets [Line Items] | ||
Loans and advances to customers | 0 | 0 |
CMS | Gross undrawn exposures | Other £m | ||
FINANCIAL RISK MANAGEMENT (Details) - Schedule of Credit Quality of Assets [Line Items] | ||
Loans and advances to customers | 2 | 501 |
CMS | Expected credit losses in respect of undrawn exposures | Other £m | ||
FINANCIAL RISK MANAGEMENT (Details) - Schedule of Credit Quality of Assets [Line Items] | ||
Loans and advances to customers | 0 | 0 |
CMS | Stage 1 £m | Gross undrawn exposures | Other £m | ||
FINANCIAL RISK MANAGEMENT (Details) - Schedule of Credit Quality of Assets [Line Items] | ||
Loans and advances to customers | 2 | 501 |
CMS | Stage 1 £m | Expected credit losses in respect of undrawn exposures | Other £m | ||
FINANCIAL RISK MANAGEMENT (Details) - Schedule of Credit Quality of Assets [Line Items] | ||
Loans and advances to customers | 0 | 0 |
CMS | Stage 2 £m | Gross undrawn exposures | Other £m | ||
FINANCIAL RISK MANAGEMENT (Details) - Schedule of Credit Quality of Assets [Line Items] | ||
Loans and advances to customers | 0 | 0 |
CMS | Stage 2 £m | Expected credit losses in respect of undrawn exposures | Other £m | ||
FINANCIAL RISK MANAGEMENT (Details) - Schedule of Credit Quality of Assets [Line Items] | ||
Loans and advances to customers | 0 | 0 |
CMS | Stage 3 £m | Gross undrawn exposures | Other £m | ||
FINANCIAL RISK MANAGEMENT (Details) - Schedule of Credit Quality of Assets [Line Items] | ||
Loans and advances to customers | 0 | 0 |
CMS | Stage 3 £m | Expected credit losses in respect of undrawn exposures | Other £m | ||
FINANCIAL RISK MANAGEMENT (Details) - Schedule of Credit Quality of Assets [Line Items] | ||
Loans and advances to customers | 0 | 0 |
CMS | POCI £m | Gross undrawn exposures | Other £m | ||
FINANCIAL RISK MANAGEMENT (Details) - Schedule of Credit Quality of Assets [Line Items] | ||
Loans and advances to customers | 0 | 0 |
CMS | POCI £m | Expected credit losses in respect of undrawn exposures | Other £m | ||
FINANCIAL RISK MANAGEMENT (Details) - Schedule of Credit Quality of Assets [Line Items] | ||
Loans and advances to customers | £ 0 | £ 0 |
FINANCIAL RISK MANAGEMENT - Cas
FINANCIAL RISK MANAGEMENT - Cash and Balances at Central Banks (Details) - GBP (£) £ in Millions | Dec. 31, 2022 | Dec. 31, 2021 | Dec. 31, 2020 |
Disclosure of financial risk management [text block] [Abstract] | |||
Cash and balances at central banks | £ 72,005 | £ 54,279 | £ 49,888 |
FINANCIAL RISK MANAGEMENT - S_4
FINANCIAL RISK MANAGEMENT - Schedule of Debt Securities Held at Amortised Cost (Details) - GBP (£) £ in Millions | Dec. 31, 2022 | Dec. 31, 2021 |
Asset-backed securities: | ||
Net carrying amount | £ 7,331 | £ 4,562 |
Loans | ||
Asset-backed securities: | ||
Asset-backed securities | 5,660 | 3,065 |
Corporate and other debt securities | 1,432 | 1,297 |
Government securities | 247 | 202 |
Investment grade | Loans | ||
Asset-backed securities: | ||
Asset-backed securities | 5,658 | 3,047 |
Corporate and other debt securities | 1,431 | 1,296 |
Government securities | 247 | 202 |
Other £m | Sub-investment grade | ||
Asset-backed securities: | ||
Net carrying amount | 0 | 18 |
Other £m | Not rated | ||
Asset-backed securities: | ||
Net carrying amount | 3 | 1 |
Other £m | Loans | ||
Asset-backed securities: | ||
Asset-backed securities | 2 | 18 |
Corporate and other debt securities | 1 | 1 |
Government securities | 0 | 0 |
Mortgage-backed securities | Loans | ||
Asset-backed securities: | ||
Asset-backed securities | 3,712 | 1,457 |
Mortgage-backed securities | Investment grade | Loans | ||
Asset-backed securities: | ||
Asset-backed securities | 3,712 | 1,457 |
Mortgage-backed securities | Other £m | Loans | ||
Asset-backed securities: | ||
Asset-backed securities | 0 | 0 |
Other asset-backed securities | Loans | ||
Asset-backed securities: | ||
Asset-backed securities | 1,948 | 1,608 |
Other asset-backed securities | Investment grade | Loans | ||
Asset-backed securities: | ||
Asset-backed securities | 1,946 | 1,590 |
Other asset-backed securities | Other £m | Loans | ||
Asset-backed securities: | ||
Asset-backed securities | 2 | 18 |
Corporate and other debt securities | Loans | ||
Asset-backed securities: | ||
Gross exposure | 7,339 | 4,564 |
Allowance for impairment losses | (8) | (2) |
Net carrying amount | 7,331 | 4,562 |
Corporate and other debt securities | Investment grade | Loans | ||
Asset-backed securities: | ||
Gross exposure | 7,336 | 4,545 |
Corporate and other debt securities | Other £m | Loans | ||
Asset-backed securities: | ||
Gross exposure | £ 3 | £ 19 |
FINANCIAL RISK MANAGEMENT - S_5
FINANCIAL RISK MANAGEMENT - Schedule of Financial Assets at Fair Value Through Other Comprehensive Income (Details) - GBP (£) £ in Millions | Dec. 31, 2022 | Dec. 31, 2021 |
FINANCIAL RISK MANAGEMENT (Details) - Schedule of Available-for-Sale Financial Assets (Excluding Equity Shares) [Line Items] | ||
Net carrying amount | £ 7,331 | £ 4,562 |
Total financial assets at fair value through other comprehensive income | 22,846 | 27,786 |
Level 3 financial assets carried at fair value | 28,074 | 35,095 |
Financial assets available-for-sale, category | Excluding equity share | ||
FINANCIAL RISK MANAGEMENT (Details) - Schedule of Available-for-Sale Financial Assets (Excluding Equity Shares) [Line Items] | ||
Fixed interest government bonds | 11,196 | 14,599 |
Asset-backed debt instruments held | 138 | 55 |
Corporate and other debt securities | 11,511 | 13,131 |
Net carrying amount | 22,845 | 27,785 |
Total financial assets at fair value through other comprehensive income | 22,845 | 27,785 |
Investment grade | Financial assets available-for-sale, category | Excluding equity share | ||
FINANCIAL RISK MANAGEMENT (Details) - Schedule of Available-for-Sale Financial Assets (Excluding Equity Shares) [Line Items] | ||
Fixed interest government bonds | 11,196 | 14,599 |
Asset-backed debt instruments held | 87 | 0 |
Corporate and other debt securities | 11,470 | 13,087 |
Net carrying amount | 22,753 | 27,686 |
Total financial assets at fair value through other comprehensive income | 22,753 | 27,686 |
Other £m | Sub-investment grade | ||
FINANCIAL RISK MANAGEMENT (Details) - Schedule of Available-for-Sale Financial Assets (Excluding Equity Shares) [Line Items] | ||
Net carrying amount | 0 | 18 |
Level 3 financial assets carried at fair value | 51 | 55 |
Other £m | Not rated | ||
FINANCIAL RISK MANAGEMENT (Details) - Schedule of Available-for-Sale Financial Assets (Excluding Equity Shares) [Line Items] | ||
Net carrying amount | 3 | 1 |
Level 3 financial assets carried at fair value | 41 | 44 |
Other £m | Financial assets available-for-sale, category | Excluding equity share | ||
FINANCIAL RISK MANAGEMENT (Details) - Schedule of Available-for-Sale Financial Assets (Excluding Equity Shares) [Line Items] | ||
Fixed interest government bonds | 0 | 0 |
Asset-backed debt instruments held | 51 | 55 |
Corporate and other debt securities | 41 | 44 |
Net carrying amount | 92 | 99 |
Total financial assets at fair value through other comprehensive income | £ 92 | £ 99 |
FINANCIAL RISK MANAGEMENT - S_6
FINANCIAL RISK MANAGEMENT - Schedule of Derivative Assets (Details) - GBP (£) £ in Millions | Dec. 31, 2022 | Dec. 31, 2021 |
FINANCIAL INSTRUMENTS (Details) - Schedule of Derivatives [Line Items] | ||
Derivative financial instruments | £ 3,857 | £ 5,511 |
Trading and other | 2,718 | 4,825 |
Hedging | 19 | 52 |
Derivative financial assets not including due from related party undertakings | 2,737 | 4,877 |
Due from fellow Lloyds Banking Group undertakings | 1,120 | 634 |
Investment grade | ||
FINANCIAL INSTRUMENTS (Details) - Schedule of Derivatives [Line Items] | ||
Trading and other | 2,435 | 3,991 |
Hedging | 14 | 52 |
Derivative financial assets not including due from related party undertakings | 2,449 | 4,043 |
Other £m | ||
FINANCIAL INSTRUMENTS (Details) - Schedule of Derivatives [Line Items] | ||
Trading and other | 283 | 834 |
Hedging | 5 | 0 |
Derivative financial assets not including due from related party undertakings | 288 | 834 |
Other £m | Sub-investment grade | ||
FINANCIAL INSTRUMENTS (Details) - Schedule of Derivatives [Line Items] | ||
Derivative financial instruments | 112 | 622 |
Other £m | Not rated | ||
FINANCIAL INSTRUMENTS (Details) - Schedule of Derivatives [Line Items] | ||
Derivative financial instruments | 176 | 212 |
OECD banks | ||
FINANCIAL INSTRUMENTS (Details) - Schedule of Derivatives [Line Items] | ||
Derivative financial instruments | £ 17 | £ 67 |
FINANCIAL RISK MANAGEMENT - N_2
FINANCIAL RISK MANAGEMENT - Narrative Collateral Held as Security for Financial Assets (Details) - GBP (£) £ in Millions | Dec. 31, 2022 | Dec. 31, 2021 |
FINANCIAL RISK MANAGEMENT (Details) - Schedule of Derivative Assets [Line Items] | ||
Loans and advances to banks | £ 8,363 | £ 4,478 |
Loans and advances to customers | 435,627 | 430,829 |
Derivative financial instruments | 3,857 | 5,511 |
Assets obtained by taking possession of collateral or calling on other credit enhancements | 219 | 86 |
Net exposure £m | ||
FINANCIAL RISK MANAGEMENT (Details) - Schedule of Derivative Assets [Line Items] | ||
Loans and advances to banks | 8,363 | 4,478 |
Loans and advances to customers | 433,456 | 429,323 |
Derivative financial instruments | 2,046 | 3,142 |
Off -balance sheet items | 60,682 | 58,030 |
Maximum exposure £m | ||
FINANCIAL RISK MANAGEMENT (Details) - Schedule of Derivative Assets [Line Items] | ||
Loans and advances to banks | 8,363 | 4,478 |
Loans and advances to customers | 435,627 | 430,829 |
Derivative financial instruments | 3,857 | 5,511 |
Off -balance sheet items | 60,682 | 58,030 |
Irrevocable loan commitments and contingencies | ||
FINANCIAL RISK MANAGEMENT (Details) - Schedule of Derivative Assets [Line Items] | ||
Fair value of collateral held | 16,442 | 17,149 |
Stock borrowing | ||
FINANCIAL RISK MANAGEMENT (Details) - Schedule of Derivative Assets [Line Items] | ||
Collateral held permitted to be sold or repledged, at fair value | 16,667 | 7,052 |
Loans and advances to banks | ||
FINANCIAL RISK MANAGEMENT (Details) - Schedule of Derivative Assets [Line Items] | ||
Collateral held permitted to be sold or repledged, at fair value | 0 | 92 |
Retail non-mortgage | Stage 3 £m | ||
FINANCIAL RISK MANAGEMENT (Details) - Schedule of Derivative Assets [Line Items] | ||
Loans and advances to customers | 475 | 498 |
Allowance for impairment losses | 372 | 435 |
Retail non-mortgage | Stage 1 and Stage 2 | ||
FINANCIAL RISK MANAGEMENT (Details) - Schedule of Derivative Assets [Line Items] | ||
Loans and advances to customers | 53,825 | 49,147 |
Reverse repurchase agreement | ||
FINANCIAL RISK MANAGEMENT (Details) - Schedule of Derivative Assets [Line Items] | ||
Collateral held permitted to be sold or repledged, at fair value | 0 | |
Collateralised loan | ||
FINANCIAL RISK MANAGEMENT (Details) - Schedule of Derivative Assets [Line Items] | ||
Collateral held permitted to be sold or repledged, at fair value | 29,011 | 48,423 |
Commercial loans | Stage 3 £m | ||
FINANCIAL RISK MANAGEMENT (Details) - Schedule of Derivative Assets [Line Items] | ||
Loans and advances to customers | 389 | 608 |
Allowance for impairment losses | 159 | 198 |
Commercial loans | Stage 3 £m | Accumulated impairment | ||
FINANCIAL RISK MANAGEMENT (Details) - Schedule of Derivative Assets [Line Items] | ||
Fair value of collateral held | 471 | 693 |
Trading & other financial assets at fair value through profit or loss | Stock borrowing | ||
FINANCIAL RISK MANAGEMENT (Details) - Schedule of Derivative Assets [Line Items] | ||
Collateral sold or repledged in absence of default by owner of collateral, at fair value | 8,311 | 1,086 |
Loans and advances to banks | Cash collateral received/ pledged £m | ||
FINANCIAL RISK MANAGEMENT (Details) - Schedule of Derivative Assets [Line Items] | ||
Loans and advances to banks | 1,147 | 350 |
Loans and advances to banks | Net amount recognised in the balance sheet | ||
FINANCIAL RISK MANAGEMENT (Details) - Schedule of Derivative Assets [Line Items] | ||
Loans and advances to banks | 8,363 | 4,478 |
Loans and advances to customers | Cash collateral received/ pledged £m | ||
FINANCIAL RISK MANAGEMENT (Details) - Schedule of Derivative Assets [Line Items] | ||
Loans and advances to customers | 308 | 102 |
Loans and advances to customers | Net amount recognised in the balance sheet | ||
FINANCIAL RISK MANAGEMENT (Details) - Schedule of Derivative Assets [Line Items] | ||
Loans and advances to customers | 435,627 | 430,829 |
Derivative assets £m | Cash collateral received/ pledged £m | ||
FINANCIAL RISK MANAGEMENT (Details) - Schedule of Derivative Assets [Line Items] | ||
Derivative financial instruments | 767 | 1,621 |
Derivative assets £m | Net amount recognised in the balance sheet | ||
FINANCIAL RISK MANAGEMENT (Details) - Schedule of Derivative Assets [Line Items] | ||
Derivative financial instruments | 3,857 | 5,511 |
Reverse repurchase agreement | Loans and advances to banks | Net amount recognised in the balance sheet | ||
FINANCIAL RISK MANAGEMENT (Details) - Schedule of Derivative Assets [Line Items] | ||
Loans and advances to banks | 3,550 | 2,996 |
Reverse repurchase agreement | Loans and advances to customers | Net amount recognised in the balance sheet | ||
FINANCIAL RISK MANAGEMENT (Details) - Schedule of Derivative Assets [Line Items] | ||
Loans and advances to customers | £ 35,709 | £ 46,712 |
FINANCIAL RISK MANAGEMENT - S_7
FINANCIAL RISK MANAGEMENT - Schedule of Retail Lending (Details) - GBP (£) £ in Millions | Dec. 31, 2022 | Dec. 31, 2021 |
FINANCIAL RISK MANAGEMENT (Details) - Schedule of Mortgage Lending [Line Items] | ||
Loans and advances to customers | £ 435,627 | £ 430,829 |
Drawn balance | Mortgage offers made | ||
FINANCIAL RISK MANAGEMENT (Details) - Schedule of Mortgage Lending [Line Items] | ||
Loans and advances to customers | £ 312,338 | £ 308,344 |
Loans and advances to customers as percentage | 100% | 100% |
A | Drawn balance | Mortgage offers made | ||
FINANCIAL RISK MANAGEMENT (Details) - Schedule of Mortgage Lending [Line Items] | ||
Loans and advances to customers | £ 731 | £ 563 |
Loans and advances to customers as percentage | 0.20% | 0.20% |
B | Drawn balance | Mortgage offers made | ||
FINANCIAL RISK MANAGEMENT (Details) - Schedule of Mortgage Lending [Line Items] | ||
Loans and advances to customers | £ 37,075 | £ 34,070 |
Loans and advances to customers as percentage | 11.90% | 11% |
C | Drawn balance | Mortgage offers made | ||
FINANCIAL RISK MANAGEMENT (Details) - Schedule of Mortgage Lending [Line Items] | ||
Loans and advances to customers | £ 60,086 | £ 54,636 |
Loans and advances to customers as percentage | 19.20% | 17.70% |
D | Drawn balance | Mortgage offers made | ||
FINANCIAL RISK MANAGEMENT (Details) - Schedule of Mortgage Lending [Line Items] | ||
Loans and advances to customers | £ 93,010 | £ 88,752 |
Loans and advances to customers as percentage | 29.80% | 28.80% |
E | Drawn balance | Mortgage offers made | ||
FINANCIAL RISK MANAGEMENT (Details) - Schedule of Mortgage Lending [Line Items] | ||
Loans and advances to customers | £ 35,015 | £ 35,086 |
Loans and advances to customers as percentage | 11.20% | 11.40% |
F | Drawn balance | Mortgage offers made | ||
FINANCIAL RISK MANAGEMENT (Details) - Schedule of Mortgage Lending [Line Items] | ||
Loans and advances to customers | £ 6,990 | £ 7,258 |
Loans and advances to customers as percentage | 2.20% | 2.40% |
G | Drawn balance | Mortgage offers made | ||
FINANCIAL RISK MANAGEMENT (Details) - Schedule of Mortgage Lending [Line Items] | ||
Loans and advances to customers | £ 1,519 | £ 1,546 |
Loans and advances to customers as percentage | 0.50% | 0.50% |
Unrated properties | Drawn balance | Mortgage offers made | ||
FINANCIAL RISK MANAGEMENT (Details) - Schedule of Mortgage Lending [Line Items] | ||
Loans and advances to customers | £ 77,912 | £ 86,433 |
Loans and advances to customers as percentage | 25% | 28% |
Residential mortgage | ||
FINANCIAL RISK MANAGEMENT (Details) - Schedule of Mortgage Lending [Line Items] | ||
Loans and advances to customers | £ 312,338 | £ 308,344 |
Residential mortgage | Less than 70 per cent | ||
FINANCIAL RISK MANAGEMENT (Details) - Schedule of Mortgage Lending [Line Items] | ||
Loans and advances to customers | 255,668 | 249,185 |
Residential mortgage | 70 per cent to 80 per cent | ||
FINANCIAL RISK MANAGEMENT (Details) - Schedule of Mortgage Lending [Line Items] | ||
Loans and advances to customers | 37,581 | 45,146 |
Residential mortgage | 80 per cent to 90 per cent | ||
FINANCIAL RISK MANAGEMENT (Details) - Schedule of Mortgage Lending [Line Items] | ||
Loans and advances to customers | 14,743 | 12,576 |
Residential mortgage | 90 per cent to 100 per cent | ||
FINANCIAL RISK MANAGEMENT (Details) - Schedule of Mortgage Lending [Line Items] | ||
Loans and advances to customers | 4,051 | 974 |
Residential mortgage | Greater than 100 per cent | ||
FINANCIAL RISK MANAGEMENT (Details) - Schedule of Mortgage Lending [Line Items] | ||
Loans and advances to customers | 295 | 463 |
Residential mortgage | Stage 1 £m | ||
FINANCIAL RISK MANAGEMENT (Details) - Schedule of Mortgage Lending [Line Items] | ||
Loans and advances to customers | 257,517 | 273,629 |
Residential mortgage | Stage 1 £m | Less than 70 per cent | ||
FINANCIAL RISK MANAGEMENT (Details) - Schedule of Mortgage Lending [Line Items] | ||
Loans and advances to customers | 210,457 | 217,830 |
Residential mortgage | Stage 1 £m | 70 per cent to 80 per cent | ||
FINANCIAL RISK MANAGEMENT (Details) - Schedule of Mortgage Lending [Line Items] | ||
Loans and advances to customers | 31,788 | 42,808 |
Residential mortgage | Stage 1 £m | 80 per cent to 90 per cent | ||
FINANCIAL RISK MANAGEMENT (Details) - Schedule of Mortgage Lending [Line Items] | ||
Loans and advances to customers | 11,942 | 12,087 |
Residential mortgage | Stage 1 £m | 90 per cent to 100 per cent | ||
FINANCIAL RISK MANAGEMENT (Details) - Schedule of Mortgage Lending [Line Items] | ||
Loans and advances to customers | 3,319 | 779 |
Residential mortgage | Stage 1 £m | Greater than 100 per cent | ||
FINANCIAL RISK MANAGEMENT (Details) - Schedule of Mortgage Lending [Line Items] | ||
Loans and advances to customers | 11 | 125 |
Residential mortgage | Stage 2 £m | ||
FINANCIAL RISK MANAGEMENT (Details) - Schedule of Mortgage Lending [Line Items] | ||
Loans and advances to customers | 41,783 | 21,798 |
Residential mortgage | Stage 2 £m | Less than 70 per cent | ||
FINANCIAL RISK MANAGEMENT (Details) - Schedule of Mortgage Lending [Line Items] | ||
Loans and advances to customers | 33,205 | 19,766 |
Residential mortgage | Stage 2 £m | 70 per cent to 80 per cent | ||
FINANCIAL RISK MANAGEMENT (Details) - Schedule of Mortgage Lending [Line Items] | ||
Loans and advances to customers | 5,264 | 1,632 |
Residential mortgage | Stage 2 £m | 80 per cent to 90 per cent | ||
FINANCIAL RISK MANAGEMENT (Details) - Schedule of Mortgage Lending [Line Items] | ||
Loans and advances to customers | 2,604 | 253 |
Residential mortgage | Stage 2 £m | 90 per cent to 100 per cent | ||
FINANCIAL RISK MANAGEMENT (Details) - Schedule of Mortgage Lending [Line Items] | ||
Loans and advances to customers | 606 | 46 |
Residential mortgage | Stage 2 £m | Greater than 100 per cent | ||
FINANCIAL RISK MANAGEMENT (Details) - Schedule of Mortgage Lending [Line Items] | ||
Loans and advances to customers | 104 | 101 |
Residential mortgage | Stage 3 £m | ||
FINANCIAL RISK MANAGEMENT (Details) - Schedule of Mortgage Lending [Line Items] | ||
Loans and advances to customers | 3,416 | 1,940 |
Residential mortgage | Stage 3 £m | Less than 70 per cent | ||
FINANCIAL RISK MANAGEMENT (Details) - Schedule of Mortgage Lending [Line Items] | ||
Loans and advances to customers | 3,161 | 1,717 |
Residential mortgage | Stage 3 £m | 70 per cent to 80 per cent | ||
FINANCIAL RISK MANAGEMENT (Details) - Schedule of Mortgage Lending [Line Items] | ||
Loans and advances to customers | 170 | 134 |
Residential mortgage | Stage 3 £m | 80 per cent to 90 per cent | ||
FINANCIAL RISK MANAGEMENT (Details) - Schedule of Mortgage Lending [Line Items] | ||
Loans and advances to customers | 48 | 52 |
Residential mortgage | Stage 3 £m | 90 per cent to 100 per cent | ||
FINANCIAL RISK MANAGEMENT (Details) - Schedule of Mortgage Lending [Line Items] | ||
Loans and advances to customers | 13 | 14 |
Residential mortgage | Stage 3 £m | Greater than 100 per cent | ||
FINANCIAL RISK MANAGEMENT (Details) - Schedule of Mortgage Lending [Line Items] | ||
Loans and advances to customers | 24 | 23 |
Residential mortgage | POCI £m | ||
FINANCIAL RISK MANAGEMENT (Details) - Schedule of Mortgage Lending [Line Items] | ||
Loans and advances to customers | 9,622 | 10,977 |
Residential mortgage | POCI £m | Less than 70 per cent | ||
FINANCIAL RISK MANAGEMENT (Details) - Schedule of Mortgage Lending [Line Items] | ||
Loans and advances to customers | 8,845 | 9,872 |
Residential mortgage | POCI £m | 70 per cent to 80 per cent | ||
FINANCIAL RISK MANAGEMENT (Details) - Schedule of Mortgage Lending [Line Items] | ||
Loans and advances to customers | 359 | 572 |
Residential mortgage | POCI £m | 80 per cent to 90 per cent | ||
FINANCIAL RISK MANAGEMENT (Details) - Schedule of Mortgage Lending [Line Items] | ||
Loans and advances to customers | 149 | 184 |
Residential mortgage | POCI £m | 90 per cent to 100 per cent | ||
FINANCIAL RISK MANAGEMENT (Details) - Schedule of Mortgage Lending [Line Items] | ||
Loans and advances to customers | 113 | 135 |
Residential mortgage | POCI £m | Greater than 100 per cent | ||
FINANCIAL RISK MANAGEMENT (Details) - Schedule of Mortgage Lending [Line Items] | ||
Loans and advances to customers | £ 156 | £ 214 |
FINANCIAL RISK MANAGEMENT - N_3
FINANCIAL RISK MANAGEMENT - Narrative Collateral Pledged as Security (Details) - GBP (£) £ in Millions | Dec. 31, 2022 | Dec. 31, 2021 |
FINANCIAL RISK MANAGEMENT (Details) - Schedule of Derivative Assets [Line Items] | ||
Deposits from banks | £ 4,658 | £ 3,363 |
Repurchase agreements at amortised cost | 48,590 | 30,106 |
Customer deposits | 446,172 | 449,373 |
Reverse repurchase agreements | 39,259 | 49,708 |
Deposits from banks | Collateral pledged | Fair value £m | ||
FINANCIAL RISK MANAGEMENT (Details) - Schedule of Derivative Assets [Line Items] | ||
Repurchase agreements at amortised cost | 39,535 | 39,918 |
Customer deposits | Collateral pledged | Fair value £m | ||
FINANCIAL RISK MANAGEMENT (Details) - Schedule of Derivative Assets [Line Items] | ||
Reverse repurchase agreements | 14,197 | 112 |
Net amount recognised in the balance sheet | Deposits from banks | ||
FINANCIAL RISK MANAGEMENT (Details) - Schedule of Derivative Assets [Line Items] | ||
Deposits from banks | 4,658 | 3,363 |
Net amount recognised in the balance sheet | Customer deposits | ||
FINANCIAL RISK MANAGEMENT (Details) - Schedule of Derivative Assets [Line Items] | ||
Customer deposits | 446,172 | 449,373 |
Repurchase Agreement | Net amount recognised in the balance sheet | Deposits from banks | Fair value £m | ||
FINANCIAL RISK MANAGEMENT (Details) - Schedule of Derivative Assets [Line Items] | ||
Deposits from banks | 33,003 | 30,085 |
Repurchase Agreement | Net amount recognised in the balance sheet | Customer deposits | Fair value £m | ||
FINANCIAL RISK MANAGEMENT (Details) - Schedule of Derivative Assets [Line Items] | ||
Customer deposits | £ 15,587 | £ 21 |
FINANCIAL RISK MANAGEMENT - S_8
FINANCIAL RISK MANAGEMENT - Schedule of Securities Lending Transactions (Details) - GBP (£) £ in Millions | Dec. 31, 2022 | Dec. 31, 2021 |
FINANCIAL RISK MANAGEMENT (Details) - Schedule of Securities Lending Transactions [Line Items] | ||
Financial assets at fair value through other comprehensive income | £ 22,846 | £ 27,786 |
Total financial assets | 591,704 | 579,837 |
Loans and advances securitised | ||
FINANCIAL RISK MANAGEMENT (Details) - Schedule of Securities Lending Transactions [Line Items] | ||
Financial assets at fair value through other comprehensive income | 5,408 | 2,724 |
Total financial assets | £ 5,408 | £ 2,724 |
FINANCIAL RISK MANAGEMENT - D_3
FINANCIAL RISK MANAGEMENT - Disclosure of Maturities of Liabilities (Details) - GBP (£) £ in Millions | 12 Months Ended | ||
Dec. 31, 2022 | Dec. 31, 2021 | Dec. 31, 2020 | |
FINANCIAL RISK MANAGEMENT (Details) - Schedule of Maturities of Liabilities [Line Items] | |||
Deposits from banks | £ 4,658 | £ 3,363 | |
Customer deposits | 446,172 | 449,373 | |
Reverse repurchase agreements | 39,259 | 49,708 | |
Repurchase agreements at amortised cost | 48,590 | 30,106 | |
Financial liabilities at fair value through profit or loss | 5,159 | 6,537 | |
Debt securities in issue | 49,056 | 48,724 | |
Subordinated liabilities | 6,593 | 8,658 | £ 9,242 |
Derivative financial instruments | 5,891 | 4,643 | |
Interest expense | 3,457 | 1,884 | £ 3,096 |
Undated £m | |||
FINANCIAL RISK MANAGEMENT (Details) - Schedule of Maturities of Liabilities [Line Items] | |||
Interest expense | 16 | 19 | |
Undiscounted future cash flow basis | |||
FINANCIAL RISK MANAGEMENT (Details) - Schedule of Maturities of Liabilities [Line Items] | |||
Deposits from banks | 4,691 | 3,616 | |
Customer deposits | 446,723 | 449,964 | |
Reverse repurchase agreements | 52,678 | ||
Repurchase agreements at amortised cost | 32,129 | ||
Financial liabilities at fair value through profit or loss | 5,545 | 6,593 | |
Debt securities in issue | 53,376 | 50,700 | |
Lease liabilities | 1,388 | 1,631 | |
Subordinated liabilities | 13,520 | 11,536 | |
Total non-derivative financial liabilities | 577,921 | 556,169 | |
Derivative financial instruments | 4,497 | 4,050 | |
Outflows | Undiscounted future cash flow basis | |||
FINANCIAL RISK MANAGEMENT (Details) - Schedule of Maturities of Liabilities [Line Items] | |||
Derivative financial instruments | 22,177 | 23,652 | |
Inflows | Undiscounted future cash flow basis | |||
FINANCIAL RISK MANAGEMENT (Details) - Schedule of Maturities of Liabilities [Line Items] | |||
Derivative financial instruments | 20,888 | 22,734 | |
Net flows | Undiscounted future cash flow basis | |||
FINANCIAL RISK MANAGEMENT (Details) - Schedule of Maturities of Liabilities [Line Items] | |||
Derivative financial instruments | 1,289 | 918 | |
Net settled derivative liabilities | Undiscounted future cash flow basis | |||
FINANCIAL RISK MANAGEMENT (Details) - Schedule of Maturities of Liabilities [Line Items] | |||
Derivative financial instruments | 3,208 | 3,132 | |
Up to 1 month £m | Undiscounted future cash flow basis | |||
FINANCIAL RISK MANAGEMENT (Details) - Schedule of Maturities of Liabilities [Line Items] | |||
Deposits from banks | 3,728 | 1,812 | |
Customer deposits | 430,808 | 439,193 | |
Reverse repurchase agreements | 12,494 | ||
Repurchase agreements at amortised cost | 475 | ||
Financial liabilities at fair value through profit or loss | 84 | 81 | |
Debt securities in issue | 4,400 | 4,367 | |
Lease liabilities | 7 | 2 | |
Subordinated liabilities | 24 | 30 | |
Total non-derivative financial liabilities | 451,545 | 445,960 | |
Derivative financial instruments | 3,540 | 2,769 | |
Up to 1 month £m | Outflows | Undiscounted future cash flow basis | |||
FINANCIAL RISK MANAGEMENT (Details) - Schedule of Maturities of Liabilities [Line Items] | |||
Derivative financial instruments | 2,815 | 2,577 | |
Up to 1 month £m | Inflows | Undiscounted future cash flow basis | |||
FINANCIAL RISK MANAGEMENT (Details) - Schedule of Maturities of Liabilities [Line Items] | |||
Derivative financial instruments | 1,927 | 2,462 | |
Up to 1 month £m | Net flows | Undiscounted future cash flow basis | |||
FINANCIAL RISK MANAGEMENT (Details) - Schedule of Maturities of Liabilities [Line Items] | |||
Derivative financial instruments | 888 | 115 | |
Up to 1 month £m | Net settled derivative liabilities | Undiscounted future cash flow basis | |||
FINANCIAL RISK MANAGEMENT (Details) - Schedule of Maturities of Liabilities [Line Items] | |||
Derivative financial instruments | 2,652 | 2,654 | |
1–3 months £m | Undiscounted future cash flow basis | |||
FINANCIAL RISK MANAGEMENT (Details) - Schedule of Maturities of Liabilities [Line Items] | |||
Deposits from banks | 28 | 136 | |
Customer deposits | 3,565 | 1,540 | |
Reverse repurchase agreements | 6,188 | ||
Repurchase agreements at amortised cost | 417 | ||
Financial liabilities at fair value through profit or loss | 60 | 21 | |
Debt securities in issue | 8,571 | 5,307 | |
Lease liabilities | 52 | 61 | |
Subordinated liabilities | 89 | 39 | |
Total non-derivative financial liabilities | 18,553 | 7,521 | |
Derivative financial instruments | 226 | 127 | |
1–3 months £m | Outflows | Undiscounted future cash flow basis | |||
FINANCIAL RISK MANAGEMENT (Details) - Schedule of Maturities of Liabilities [Line Items] | |||
Derivative financial instruments | 3,241 | 573 | |
1–3 months £m | Inflows | Undiscounted future cash flow basis | |||
FINANCIAL RISK MANAGEMENT (Details) - Schedule of Maturities of Liabilities [Line Items] | |||
Derivative financial instruments | 2,996 | 425 | |
1–3 months £m | Net flows | Undiscounted future cash flow basis | |||
FINANCIAL RISK MANAGEMENT (Details) - Schedule of Maturities of Liabilities [Line Items] | |||
Derivative financial instruments | 245 | 148 | |
1–3 months £m | Net settled derivative liabilities | Undiscounted future cash flow basis | |||
FINANCIAL RISK MANAGEMENT (Details) - Schedule of Maturities of Liabilities [Line Items] | |||
Derivative financial instruments | (19) | (21) | |
3–12 months £m | Undiscounted future cash flow basis | |||
FINANCIAL RISK MANAGEMENT (Details) - Schedule of Maturities of Liabilities [Line Items] | |||
Deposits from banks | 179 | 32 | |
Customer deposits | 7,164 | 3,616 | |
Reverse repurchase agreements | 904 | ||
Repurchase agreements at amortised cost | 243 | ||
Financial liabilities at fair value through profit or loss | 100 | 242 | |
Debt securities in issue | 6,717 | 8,603 | |
Lease liabilities | 161 | 158 | |
Subordinated liabilities | 687 | 370 | |
Total non-derivative financial liabilities | 15,912 | 13,264 | |
Derivative financial instruments | 183 | 58 | |
3–12 months £m | Outflows | Undiscounted future cash flow basis | |||
FINANCIAL RISK MANAGEMENT (Details) - Schedule of Maturities of Liabilities [Line Items] | |||
Derivative financial instruments | 3,501 | 4,232 | |
3–12 months £m | Inflows | Undiscounted future cash flow basis | |||
FINANCIAL RISK MANAGEMENT (Details) - Schedule of Maturities of Liabilities [Line Items] | |||
Derivative financial instruments | 3,372 | 4,168 | |
3–12 months £m | Net flows | Undiscounted future cash flow basis | |||
FINANCIAL RISK MANAGEMENT (Details) - Schedule of Maturities of Liabilities [Line Items] | |||
Derivative financial instruments | 129 | 64 | |
3–12 months £m | Net settled derivative liabilities | Undiscounted future cash flow basis | |||
FINANCIAL RISK MANAGEMENT (Details) - Schedule of Maturities of Liabilities [Line Items] | |||
Derivative financial instruments | 54 | (6) | |
1–5 years £m | Undiscounted future cash flow basis | |||
FINANCIAL RISK MANAGEMENT (Details) - Schedule of Maturities of Liabilities [Line Items] | |||
Deposits from banks | 673 | 1,420 | |
Customer deposits | 4,882 | 5,046 | |
Reverse repurchase agreements | 33,054 | ||
Repurchase agreements at amortised cost | 30,987 | ||
Financial liabilities at fair value through profit or loss | 1,565 | 1,572 | |
Debt securities in issue | 25,886 | 27,715 | |
Lease liabilities | 557 | 578 | |
Subordinated liabilities | 4,775 | 5,418 | |
Total non-derivative financial liabilities | 71,392 | 72,736 | |
Derivative financial instruments | 329 | 480 | |
1–5 years £m | Outflows | Undiscounted future cash flow basis | |||
FINANCIAL RISK MANAGEMENT (Details) - Schedule of Maturities of Liabilities [Line Items] | |||
Derivative financial instruments | 7,920 | 11,280 | |
1–5 years £m | Inflows | Undiscounted future cash flow basis | |||
FINANCIAL RISK MANAGEMENT (Details) - Schedule of Maturities of Liabilities [Line Items] | |||
Derivative financial instruments | 7,862 | 10,945 | |
1–5 years £m | Net flows | Undiscounted future cash flow basis | |||
FINANCIAL RISK MANAGEMENT (Details) - Schedule of Maturities of Liabilities [Line Items] | |||
Derivative financial instruments | 58 | 335 | |
1–5 years £m | Net settled derivative liabilities | Undiscounted future cash flow basis | |||
FINANCIAL RISK MANAGEMENT (Details) - Schedule of Maturities of Liabilities [Line Items] | |||
Derivative financial instruments | 271 | 145 | |
Over 5 years £m | Undiscounted future cash flow basis | |||
FINANCIAL RISK MANAGEMENT (Details) - Schedule of Maturities of Liabilities [Line Items] | |||
Deposits from banks | 83 | 216 | |
Customer deposits | 304 | 569 | |
Reverse repurchase agreements | 38 | ||
Repurchase agreements at amortised cost | 7 | ||
Financial liabilities at fair value through profit or loss | 3,736 | 4,677 | |
Debt securities in issue | 7,802 | 4,708 | |
Lease liabilities | 611 | 832 | |
Subordinated liabilities | 7,945 | 5,679 | |
Total non-derivative financial liabilities | 20,519 | 16,688 | |
Derivative financial instruments | 219 | 616 | |
Over 5 years £m | Outflows | Undiscounted future cash flow basis | |||
FINANCIAL RISK MANAGEMENT (Details) - Schedule of Maturities of Liabilities [Line Items] | |||
Derivative financial instruments | 4,700 | 4,990 | |
Over 5 years £m | Inflows | Undiscounted future cash flow basis | |||
FINANCIAL RISK MANAGEMENT (Details) - Schedule of Maturities of Liabilities [Line Items] | |||
Derivative financial instruments | 4,731 | 4,734 | |
Over 5 years £m | Net flows | Undiscounted future cash flow basis | |||
FINANCIAL RISK MANAGEMENT (Details) - Schedule of Maturities of Liabilities [Line Items] | |||
Derivative financial instruments | (31) | 256 | |
Over 5 years £m | Net settled derivative liabilities | Undiscounted future cash flow basis | |||
FINANCIAL RISK MANAGEMENT (Details) - Schedule of Maturities of Liabilities [Line Items] | |||
Derivative financial instruments | £ 250 | £ 360 |
FINANCIAL RISK MANAGEMENT - S_9
FINANCIAL RISK MANAGEMENT - Schedule of Amounts and Residual Maturities of the Group's Off Balance Sheet Contingent Liabilities and Commitments (Details) - GBP (£) £ in Millions | Dec. 31, 2022 | Dec. 31, 2021 |
FINANCIAL RISK MANAGEMENT (Details) - Schedule of Amounts and Residual Maturities of the Group's Off Balance Sheet Contingent Liabilities and Commitments [Line Items] | ||
Contingent liabilities | £ 2,900 | £ 2,340 |
Commitments and guarantees | 127,369 | 127,684 |
Total contingents and commitments | 130,269 | 130,024 |
Lending commitments and guarantees | ||
FINANCIAL RISK MANAGEMENT (Details) - Schedule of Amounts and Residual Maturities of the Group's Off Balance Sheet Contingent Liabilities and Commitments [Line Items] | ||
Commitments and guarantees | 127,330 | 127,624 |
Other commitments | ||
FINANCIAL RISK MANAGEMENT (Details) - Schedule of Amounts and Residual Maturities of the Group's Off Balance Sheet Contingent Liabilities and Commitments [Line Items] | ||
Commitments and guarantees | 39 | 60 |
Not later than 1 year | ||
FINANCIAL RISK MANAGEMENT (Details) - Schedule of Amounts and Residual Maturities of the Group's Off Balance Sheet Contingent Liabilities and Commitments [Line Items] | ||
Contingent liabilities | 1,725 | 1,383 |
Commitments and guarantees | 91,310 | 97,587 |
Total contingents and commitments | 93,035 | 98,970 |
Not later than 1 year | Lending commitments and guarantees | ||
FINANCIAL RISK MANAGEMENT (Details) - Schedule of Amounts and Residual Maturities of the Group's Off Balance Sheet Contingent Liabilities and Commitments [Line Items] | ||
Commitments and guarantees | 91,310 | 97,587 |
Not later than 1 year | Other commitments | ||
FINANCIAL RISK MANAGEMENT (Details) - Schedule of Amounts and Residual Maturities of the Group's Off Balance Sheet Contingent Liabilities and Commitments [Line Items] | ||
Commitments and guarantees | 0 | 0 |
1–3 years £m | ||
FINANCIAL RISK MANAGEMENT (Details) - Schedule of Amounts and Residual Maturities of the Group's Off Balance Sheet Contingent Liabilities and Commitments [Line Items] | ||
Contingent liabilities | 548 | 242 |
Commitments and guarantees | 8,256 | 15,524 |
Total contingents and commitments | 8,804 | 15,766 |
1–3 years £m | Lending commitments and guarantees | ||
FINANCIAL RISK MANAGEMENT (Details) - Schedule of Amounts and Residual Maturities of the Group's Off Balance Sheet Contingent Liabilities and Commitments [Line Items] | ||
Commitments and guarantees | 8,256 | 15,506 |
1–3 years £m | Other commitments | ||
FINANCIAL RISK MANAGEMENT (Details) - Schedule of Amounts and Residual Maturities of the Group's Off Balance Sheet Contingent Liabilities and Commitments [Line Items] | ||
Commitments and guarantees | 0 | 18 |
3–5 years £m | ||
FINANCIAL RISK MANAGEMENT (Details) - Schedule of Amounts and Residual Maturities of the Group's Off Balance Sheet Contingent Liabilities and Commitments [Line Items] | ||
Contingent liabilities | 181 | 258 |
Commitments and guarantees | 10,790 | 9,853 |
Total contingents and commitments | 10,971 | 10,111 |
3–5 years £m | Lending commitments and guarantees | ||
FINANCIAL RISK MANAGEMENT (Details) - Schedule of Amounts and Residual Maturities of the Group's Off Balance Sheet Contingent Liabilities and Commitments [Line Items] | ||
Commitments and guarantees | 10,780 | 9,853 |
3–5 years £m | Other commitments | ||
FINANCIAL RISK MANAGEMENT (Details) - Schedule of Amounts and Residual Maturities of the Group's Off Balance Sheet Contingent Liabilities and Commitments [Line Items] | ||
Commitments and guarantees | 10 | 0 |
Over 5 years £m | ||
FINANCIAL RISK MANAGEMENT (Details) - Schedule of Amounts and Residual Maturities of the Group's Off Balance Sheet Contingent Liabilities and Commitments [Line Items] | ||
Contingent liabilities | 446 | 457 |
Commitments and guarantees | 17,013 | 4,720 |
Total contingents and commitments | 17,459 | 5,177 |
Over 5 years £m | Lending commitments and guarantees | ||
FINANCIAL RISK MANAGEMENT (Details) - Schedule of Amounts and Residual Maturities of the Group's Off Balance Sheet Contingent Liabilities and Commitments [Line Items] | ||
Commitments and guarantees | 16,984 | 4,678 |
Over 5 years £m | Other commitments | ||
FINANCIAL RISK MANAGEMENT (Details) - Schedule of Amounts and Residual Maturities of the Group's Off Balance Sheet Contingent Liabilities and Commitments [Line Items] | ||
Commitments and guarantees | 29 | 42 |
Acceptances and endorsements | ||
FINANCIAL RISK MANAGEMENT (Details) - Schedule of Amounts and Residual Maturities of the Group's Off Balance Sheet Contingent Liabilities and Commitments [Line Items] | ||
Contingent liabilities | 58 | 21 |
Acceptances and endorsements | Not later than 1 year | ||
FINANCIAL RISK MANAGEMENT (Details) - Schedule of Amounts and Residual Maturities of the Group's Off Balance Sheet Contingent Liabilities and Commitments [Line Items] | ||
Contingent liabilities | 58 | 21 |
Acceptances and endorsements | 1–3 years £m | ||
FINANCIAL RISK MANAGEMENT (Details) - Schedule of Amounts and Residual Maturities of the Group's Off Balance Sheet Contingent Liabilities and Commitments [Line Items] | ||
Contingent liabilities | 0 | 0 |
Acceptances and endorsements | 3–5 years £m | ||
FINANCIAL RISK MANAGEMENT (Details) - Schedule of Amounts and Residual Maturities of the Group's Off Balance Sheet Contingent Liabilities and Commitments [Line Items] | ||
Contingent liabilities | 0 | 0 |
Acceptances and endorsements | Over 5 years £m | ||
FINANCIAL RISK MANAGEMENT (Details) - Schedule of Amounts and Residual Maturities of the Group's Off Balance Sheet Contingent Liabilities and Commitments [Line Items] | ||
Contingent liabilities | 0 | 0 |
Other contingent liabilities | ||
FINANCIAL RISK MANAGEMENT (Details) - Schedule of Amounts and Residual Maturities of the Group's Off Balance Sheet Contingent Liabilities and Commitments [Line Items] | ||
Contingent liabilities | 2,842 | 2,319 |
Other contingent liabilities | Not later than 1 year | ||
FINANCIAL RISK MANAGEMENT (Details) - Schedule of Amounts and Residual Maturities of the Group's Off Balance Sheet Contingent Liabilities and Commitments [Line Items] | ||
Contingent liabilities | 1,667 | 1,362 |
Other contingent liabilities | 1–3 years £m | ||
FINANCIAL RISK MANAGEMENT (Details) - Schedule of Amounts and Residual Maturities of the Group's Off Balance Sheet Contingent Liabilities and Commitments [Line Items] | ||
Contingent liabilities | 548 | 242 |
Other contingent liabilities | 3–5 years £m | ||
FINANCIAL RISK MANAGEMENT (Details) - Schedule of Amounts and Residual Maturities of the Group's Off Balance Sheet Contingent Liabilities and Commitments [Line Items] | ||
Contingent liabilities | 181 | 258 |
Other contingent liabilities | Over 5 years £m | ||
FINANCIAL RISK MANAGEMENT (Details) - Schedule of Amounts and Residual Maturities of the Group's Off Balance Sheet Contingent Liabilities and Commitments [Line Items] | ||
Contingent liabilities | £ 446 | £ 457 |
CASH FLOW STATEMENTS - Schedule
CASH FLOW STATEMENTS - Schedule of Change in Operating Assets (Details) - GBP (£) £ in Millions | 12 Months Ended | ||
Dec. 31, 2022 | Dec. 31, 2021 | Dec. 31, 2020 | |
Disclosure of cash flow statement [Abstract] | |||
Change in amounts due from fellow Lloyds Banking Group undertakings | £ (77) | £ (1) | £ 1,116 |
Change in other financial assets held at amortised cost | (167) | 3,406 | (8,714) |
Change in financial assets at fair value through profit or loss | 427 | (124) | 610 |
Change in derivative financial instruments | (2,877) | 1,548 | 479 |
Change in other operating assets | (206) | 345 | 627 |
Change in operating assets | £ (2,900) | £ 5,174 | £ (5,882) |
CASH FLOW STATEMENTS - Schedu_2
CASH FLOW STATEMENTS - Schedule of Change in Operating Liabilities (Details) - GBP (£) £ in Millions | 12 Months Ended | ||
Dec. 31, 2022 | Dec. 31, 2021 | Dec. 31, 2020 | |
Disclosure of cash flow statement [Abstract] | |||
Change in deposits from banks and repurchase agreements | £ 4,213 | £ 8,451 | £ 1,404 |
Change in customer deposits and repurchase agreements | 12,365 | 14,825 | 37,728 |
Change in amounts due to fellow Lloyds Banking Group undertakings | (603) | (806) | (1,316) |
Change in financial liabilities at fair value through profit or loss | (859) | (380) | (946) |
Change in derivative financial instruments | 1,248 | (3,585) | (1,603) |
Change in debt securities in issue | 332 | (10,569) | (17,138) |
Change in other operating liabilities | 198 | 174 | (288) |
Change in operating liabilities | 16,894 | 8,110 | 17,841 |
Increase (decrease) in lease liabilities | £ (150) | £ (182) | £ (163) |
CASH FLOW STATEMENTS - Schedu_3
CASH FLOW STATEMENTS - Schedule of Non-Cash and Other Items (Details) - GBP (£) £ in Millions | 12 Months Ended | ||
Dec. 31, 2022 | Dec. 31, 2021 | Dec. 31, 2020 | |
CASH FLOW STATEMENTS (Details) - Schedule of Non-Cash and Other Items [Line Items] | |||
Depreciation and amortisation | £ 2,348 | £ 2,777 | £ 2,670 |
Revaluation of investment properties | 0 | 0 | 20 |
Allowance for loan losses | 1,335 | (1,085) | 3,802 |
Write-off of allowance for loan losses, net of recoveries | (759) | (935) | (1,279) |
Impairment charge (credit) relating to undrawn balances | 111 | (231) | 253 |
Impairment of financial assets at fair value through other comprehensive income | 6 | (2) | 5 |
Regulatory and legal provisions | 225 | 1,177 | 414 |
Other provision movements | (134) | (82) | 80 |
Net charge in respect of defined benefit schemes | 125 | 236 | 247 |
Foreign exchange element on balance sheet | 30 | 159 | 823 |
Interest expense on subordinated liabilities | 377 | 570 | 846 |
Other non-cash items | (673) | (1,173) | (1,216) |
Total non-cash items | 2,991 | 1,411 | 6,665 |
Payments in respect of regulatory and legal provisions | (587) | (680) | (2,165) |
Other | 0 | (45) | 137 |
Total other items | (3,120) | (2,072) | (3,181) |
Non-cash and other items | (129) | (661) | 3,484 |
Present value of defined benefit obligation | |||
CASH FLOW STATEMENTS (Details) - Schedule of Non-Cash and Other Items [Line Items] | |||
Contributions to defined benefit schemes | £ (2,533) | £ (1,347) | £ (1,153) |
CASH FLOW STATEMENTS - Schedu_4
CASH FLOW STATEMENTS - Schedule of Analysis of Cash and Cash Equivalents as Shown in the Balance Sheet (Details) - GBP (£) £ in Millions | Dec. 31, 2022 | Dec. 31, 2021 | Dec. 31, 2020 | Jan. 01, 2020 | Dec. 31, 2019 | [1] | ||
Disclosure of cash flow statement [Abstract] | ||||||||
Cash and balances at central banks | £ 72,005 | £ 54,279 | £ 49,888 | |||||
Less: mandatory reserve deposits | (1,935) | (2,007) | (1,736) | |||||
Bank balances at central banks other than mandatory reserve deposits | 70,070 | 52,272 | 48,152 | |||||
Loans and advances to banks | 11,913 | 7,474 | 5,950 | |||||
Less amounts with a maturity of three months or more | (6,782) | (3,786) | (2,480) | |||||
Loans and advances to banks current | 5,131 | 3,688 | 3,470 | |||||
Total cash and cash equivalents | £ 75,201 | £ 55,960 | [1] | £ 51,622 | [1] | £ 40,296 | £ 40,296 | |
[1]Restated, see page F- 14 |
EVENTS SINCE THE BALANCE SHEE_2
EVENTS SINCE THE BALANCE SHEET DATE Narrative (Details) - Major business combination - Sandhurst £ in Millions | Feb. 21, 2023 GBP (£) |
Disclosure of non-adjusting events after reporting period [line items] | |
Percentage of voting equity interests acquired | 100% |
Consideration paid (received) | £ 300 |