Cover
Cover | 12 Months Ended |
Dec. 31, 2022 shares | |
Entity Listings [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 | 1-10257 |
Entity Registrant Name | BARCLAYS BANK PLC |
Entity Incorporation, State or Country Code | X0 |
Entity Address, Address Line One | 1 CHURCHILL PLACE |
Entity Address, City or Town | LONDON |
Entity Address, Postal Zip Code | E14 5HP |
Entity Address, Country | GB |
Entity Common Stock, Shares Outstanding | 2,342,558,515 |
Entity Well-known Seasoned Issuer | Yes |
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 | false |
Document Accounting Standard | International Financial Reporting Standards |
Entity Shell Company | false |
Amendment Flag | false |
Document Fiscal Year Focus | 2022 |
Document Fiscal Period Focus | FY |
Entity Central Index Key | 0000312070 |
iPath® Bloomberg Commodity Index Total ReturnSM ETN | |
Entity Listings [Line Items] | |
Title of 12(b) Security | iPath® Bloomberg Commodity Index Total ReturnSM ETN |
Trading Symbol | DJP |
Security Exchange Name | NYSEArca |
iPath® Series B Bloomberg Agriculture Subindex Total ReturnSM ETN | |
Entity Listings [Line Items] | |
Title of 12(b) Security | iPath® Series B Bloomberg Agriculture Subindex Total ReturnSM ETN |
Trading Symbol | JJA |
Security Exchange Name | NYSEArca |
iPath® Series B Bloomberg Aluminum Subindex Total ReturnSM ETN | |
Entity Listings [Line Items] | |
Title of 12(b) Security | iPath® Series B Bloomberg Aluminum Subindex Total ReturnSM ETN |
Trading Symbol | JJU |
Security Exchange Name | NYSEArca |
iPath® Bloomberg Cocoa Subindex Total ReturnSM ETN | |
Entity Listings [Line Items] | |
Title of 12(b) Security | iPath® Bloomberg Cocoa Subindex Total ReturnSM ETN |
Trading Symbol | NIB |
Security Exchange Name | NYSEArca |
iPath® Series B Bloomberg Coffee Subindex Total ReturnSM ETN | |
Entity Listings [Line Items] | |
Title of 12(b) Security | iPath® Series B Bloomberg Coffee Subindex Total ReturnSM ETN |
Trading Symbol | JO |
Security Exchange Name | NYSEArca |
iPath® Series B Bloomberg Copper Subindex Total ReturnSM ETN | |
Entity Listings [Line Items] | |
Title of 12(b) Security | iPath® Series B Bloomberg Copper Subindex Total ReturnSM ETN |
Trading Symbol | JJC |
Security Exchange Name | NYSEArca |
iPath® Series B Bloomberg Cotton Subindex Total ReturnSM ETN | |
Entity Listings [Line Items] | |
Title of 12(b) Security | iPath® Series B Bloomberg Cotton Subindex Total ReturnSM ETN |
Trading Symbol | BAL |
Security Exchange Name | NYSEArca |
iPath® Series B Bloomberg Energy Subindex Total ReturnSM ETN | |
Entity Listings [Line Items] | |
Title of 12(b) Security | iPath® Series B Bloomberg Energy Subindex Total ReturnSM ETN |
Trading Symbol | JJE |
Security Exchange Name | NYSEArca |
iPath® Series B Bloomberg Grains Subindex Total ReturnSM ETN | |
Entity Listings [Line Items] | |
Title of 12(b) Security | iPath® Series B Bloomberg Grains Subindex Total ReturnSM ETN |
Trading Symbol | JJG |
Security Exchange Name | NYSEArca |
iPath® Series B Bloomberg Industrial Metals Subindex Total ReturnSM ETN | |
Entity Listings [Line Items] | |
Title of 12(b) Security | iPath® Series B Bloomberg Industrial Metals Subindex Total ReturnSM ETN |
Trading Symbol | JJM |
Security Exchange Name | NYSEArca |
iPath® Bloomberg Lead Subindex Total ReturnSM ETN | |
Entity Listings [Line Items] | |
Title of 12(b) Security | iPath® Bloomberg Lead Subindex Total ReturnSM ETN |
Trading Symbol | LD |
Security Exchange Name | NYSEArca |
iPath® Series B Bloomberg Livestock Subindex Total ReturnSM ETN | |
Entity Listings [Line Items] | |
Title of 12(b) Security | iPath® Series B Bloomberg Livestock Subindex Total ReturnSM ETN |
Trading Symbol | COW |
Security Exchange Name | NYSEArca |
iPath® Series B Bloomberg Nickel Subindex Total ReturnSM ETN | |
Entity Listings [Line Items] | |
Title of 12(b) Security | iPath® Series B Bloomberg Nickel Subindex Total ReturnSM ETN |
Trading Symbol | JJN |
Security Exchange Name | NYSEArca |
iPath® Series B Bloomberg Platinum Subindex Total ReturnSM ETN | |
Entity Listings [Line Items] | |
Title of 12(b) Security | iPath® Series B Bloomberg Platinum Subindex Total ReturnSM ETN |
Trading Symbol | PGM |
Security Exchange Name | NYSEArca |
iPath® Series B Bloomberg Precious Metals Subindex Total ReturnSM ETN | |
Entity Listings [Line Items] | |
Title of 12(b) Security | iPath® Series B Bloomberg Precious Metals Subindex Total ReturnSM ETN |
Trading Symbol | JJP |
Security Exchange Name | NYSEArca |
iPath® Series B Bloomberg Softs Subindex Total ReturnSM ETN | |
Entity Listings [Line Items] | |
Title of 12(b) Security | iPath® Series B Bloomberg Softs Subindex Total ReturnSM ETN |
Trading Symbol | JJS |
Security Exchange Name | NYSEArca |
iPath® Series B Bloomberg Sugar Subindex Total ReturnSM ETN | |
Entity Listings [Line Items] | |
Title of 12(b) Security | iPath® Series B Bloomberg Sugar Subindex Total ReturnSM ETN |
Trading Symbol | SGG |
Security Exchange Name | NYSEArca |
iPath® Series B Bloomberg Tin Subindex Total ReturnSM ETN | |
Entity Listings [Line Items] | |
Title of 12(b) Security | iPath® Series B Bloomberg Tin Subindex Total ReturnSM ETN |
Trading Symbol | JJT |
Security Exchange Name | NYSEArca |
iPath® Series B Bloomberg Natural Gas Subindex Total ReturnSM ETN | |
Entity Listings [Line Items] | |
Title of 12(b) Security | iPath® Series B Bloomberg Natural Gas Subindex Total ReturnSM ETN |
Trading Symbol | GAZ |
Security Exchange Name | NYSEArca |
iPath® S&P GSCI® Total Return Index ETN | |
Entity Listings [Line Items] | |
Title of 12(b) Security | iPath® S&P GSCI® Total Return Index ETN |
Trading Symbol | GSP |
Security Exchange Name | NYSEArca |
iPath® Pure Beta Broad Commodity ETN | |
Entity Listings [Line Items] | |
Title of 12(b) Security | iPath® Pure Beta Broad Commodity ETN |
Trading Symbol | BCM |
Security Exchange Name | NYSEArca |
iPath® Pure Beta Crude Oil ETN | |
Entity Listings [Line Items] | |
Title of 12(b) Security | iPath® Pure Beta Crude Oil ETN |
Trading Symbol | OIL |
Security Exchange Name | NYSEArca |
iPath® Series B Carbon ETN | |
Entity Listings [Line Items] | |
Title of 12(b) Security | iPath® Series B Carbon ETN |
Trading Symbol | GRN |
Security Exchange Name | NYSEArca |
iPath® Series B S&P 500 VIX Short-Term FuturesTM ETNs | |
Entity Listings [Line Items] | |
Title of 12(b) Security | iPath® Series B S&P 500 VIX Short-Term FuturesTM ETNs |
Trading Symbol | VXX |
iPath® Series B S&P 500 VIX Mid-Term FuturesTM ETNs | |
Entity Listings [Line Items] | |
Title of 12(b) Security | iPath® Series B S&P 500 VIX Mid-Term FuturesTM ETNs |
Trading Symbol | VXZ |
iPath® Select MLP ETN | |
Entity Listings [Line Items] | |
Title of 12(b) Security | iPath® Select MLP ETN |
Trading Symbol | ATMP |
Business Contact | |
Entity Listings [Line Items] | |
Entity Address, Address Line One | 1 CHURCHILL PLACE |
Entity Address, City or Town | LONDON |
Entity Address, Postal Zip Code | E14 5HP |
Entity Address, Country | GB |
Contact Personnel Name | GARTH WRIGHT |
City Area Code | +44 |
Local Phone Number | (0)20 7116 3170 |
Contact Personnel Email Address | GARTH.WRIGHT@BARCLAYS.COM |
Audit Information
Audit Information | 12 Months Ended |
Dec. 31, 2022 | |
Audit Information [Abstract] | |
Auditor Name | KPMG LLP |
Auditor Location | London, United Kingdom |
Auditor Firm ID | 1118 |
Consolidated Income Statement
Consolidated Income Statement - GBP (£) £ in Millions | 12 Months Ended | ||
Dec. 31, 2022 | Dec. 31, 2021 | Dec. 31, 2020 | |
Profit (loss) [abstract] | |||
Interest and similar income | £ 11,779 | £ 5,672 | £ 6,006 |
Interest and similar expense | (6,381) | (2,599) | (2,846) |
Net interest income | 5,398 | 3,073 | 3,160 |
Fee and commission income | 8,171 | 8,581 | 7,417 |
Fee and commission expense | (2,745) | (1,994) | (1,758) |
Net fee and commission income | 5,426 | 6,587 | 5,659 |
Net trading income | 7,624 | 5,788 | 7,076 |
Net investment expense | (323) | (80) | (121) |
Other income | 69 | 40 | 4 |
Total income | 18,194 | 15,408 | 15,778 |
Staff costs | (5,192) | (4,456) | (4,365) |
Infrastructure costs | (900) | (1,054) | (816) |
Administration and general expenses | (4,879) | (4,375) | (4,202) |
Litigation and conduct | (1,427) | (374) | (76) |
Total operating expenses | (12,398) | (10,259) | (9,459) |
Share of post-tax results of associates and joint ventures | 3 | 4 | 7 |
Profit/(loss) on disposal of subsidiaries, associates and joint ventures | 1 | (12) | 126 |
Profit before Impairment | 5,800 | 5,141 | 6,452 |
Credit impairment (charges)/releases | (933) | 277 | (3,377) |
Profit before tax | 4,867 | 5,418 | 3,075 |
Taxation | (485) | (830) | (624) |
Profit after tax | 4,382 | 4,588 | 2,451 |
Attributable to: | |||
Equity holders of the parent | 3,650 | 3,957 | 1,774 |
Other equity instrument holders | 732 | 631 | 677 |
Total equity holders of the parent | 4,382 | 4,588 | 2,451 |
Profit after tax | £ 4,382 | £ 4,588 | £ 2,451 |
Consolidated statement of compr
Consolidated statement of comprehensive income - GBP (£) £ in Millions | 12 Months Ended | |||
Dec. 31, 2022 | Dec. 31, 2021 | Dec. 31, 2020 | ||
Statement of comprehensive income [abstract] | ||||
Profit after tax | £ 4,382 | £ 4,588 | £ 2,451 | |
Currency translation reserve | ||||
Currency translation differences | [1] | 2,411 | (155) | (647) |
Fair value through other comprehensive income reserve movement relating to debt securities | ||||
Net (losses)/gains from changes in fair value | (6,376) | (1,383) | 2,402 | |
Net losses/(gains) transferred to net profit on disposal | 68 | (248) | (251) | |
Net losses/(gains) related to (releases of) impairment | 8 | (6) | 1 | |
Net gains/(losses) due to fair value hedging | 4,627 | 1,105 | (1,640) | |
Tax | 449 | 170 | (130) | |
Cash flow hedging reserve | ||||
Net (losses)/gains from changes in fair value | (7,290) | (2,212) | 1,366 | |
Net gains/(losses) transferred to net profit | 543 | (327) | (282) | |
Tax | 1,808 | 740 | (291) | |
Other | 0 | 0 | 3 | |
Other comprehensive (loss)/income that may be recycled to profit or loss | (3,752) | (2,316) | 531 | |
Other comprehensive income/(loss) not recycled to profit or loss: | ||||
Retirement benefit remeasurements | (755) | 1,299 | (77) | |
Fair value through other comprehensive income reserve movements relating to equity instruments | 0 | 0 | 1 | |
Own credit | 2,092 | (105) | (810) | |
Tax | (156) | (563) | 198 | |
Other comprehensive income/(loss) not recycled to profit or loss | 1,181 | 631 | (688) | |
Other comprehensive (loss) for the year | (2,571) | (1,685) | (157) | |
Total comprehensive income for the year | 1,811 | 2,903 | 2,294 | |
Attributable to: | ||||
Equity holders of the parent | 1,811 | 2,903 | 2,294 | |
Total comprehensive income for the year | £ 1,811 | £ 2,903 | £ 2,294 | |
[1]Includes £1m gain (2021: £20m loss; 2020: £8m loss) on recycling of currency translation differences. |
Consolidated statement of com_2
Consolidated statement of comprehensive income (Parenthetical) - GBP (£) £ in Millions | 12 Months Ended | ||
Dec. 31, 2022 | Dec. 31, 2021 | Dec. 31, 2020 | |
Statement of comprehensive income [abstract] | |||
Gain (loss) on recycling of currency translation differences | £ 1 | £ (20) | £ (8) |
Consolidated balance sheet
Consolidated balance sheet - GBP (£) £ in Millions | Dec. 31, 2022 | Dec. 31, 2021 | Dec. 31, 2020 |
Assets | |||
Cash and balances at central banks | £ 202,142 | £ 169,085 | £ 155,902 |
Cash collateral and settlement balances | 107,862 | 88,085 | |
Loans and advances at amortised cost | 182,507 | 145,259 | |
Reverse repurchase agreements and other similar secured lending | 725 | 3,177 | |
Trading Portfolio Assets | 133,771 | 146,871 | |
Financial assets at fair value through the income statement | 211,128 | 188,226 | |
Derivative financial instruments | 302,976 | 262,291 | |
Financial assets at fair value through other comprehensive income | 45,084 | 45,908 | |
Investments in associates and joint ventures | 26 | 24 | |
Goodwill and intangible assets | 1,665 | 1,449 | |
Property, plant and equipment | 1,379 | 1,248 | |
Current tax assets | 737 | 589 | |
Deferred tax assets | 4,583 | 2,981 | |
Retirement benefit assets | 4,743 | 3,879 | |
Other assets | 4,209 | 2,706 | |
Total assets | 1,203,537 | 1,061,778 | 1,059,700 |
Liabilities | |||
Deposits at amortised cost | 291,579 | 262,828 | |
Cash collateral and settlement balances | 96,811 | 79,047 | |
Repurchase agreements and other similar secured borrowing | 11,965 | 12,769 | |
Debt securities in issue | 60,012 | 48,388 | |
Subordinated liabilities | 38,253 | 32,185 | 32,005 |
Trading portfolio liabilities | 72,460 | 53,291 | |
Financial liabilities designated at fair value | 272,055 | 251,131 | |
Derivative financial instruments | 289,206 | 256,523 | |
Current tax liabilities | 422 | 688 | |
Deferred tax liabilities | 0 | 6 | |
Retirement benefit liabilities | 184 | 246 | |
Other liabilities | 10,779 | 7,249 | |
Provisions | 858 | 1,110 | |
Total liabilities | 1,144,584 | 1,005,461 | |
Equity | |||
Called up share capital and share premium | 2,348 | 2,348 | |
Other equity instruments | 10,691 | 9,693 | |
Other reserves | (1,464) | 861 | |
Retained earnings | 47,378 | 43,415 | |
Total equity | 58,953 | 56,317 | £ 53,710 |
Total liabilities and equity | £ 1,203,537 | £ 1,061,778 |
Consolidated statement of chang
Consolidated statement of changes in equity - GBP (£) £ in Millions | Total | Called up share capital and share premium | [1] | Other equity instruments | [1] | Other reserves | [2] | Retained earnings | |
Beginning balance, equity at Dec. 31, 2020 | £ 53,710 | £ 2,348 | £ 8,621 | £ 3,183 | £ 39,558 | ||||
Profit after tax | 4,588 | 631 | 3,957 | ||||||
Currency translation movements | (155) | [3] | (155) | ||||||
Fair value through other comprehensive income reserve | (362) | (362) | |||||||
Cash flow hedges | (1,799) | (1,799) | |||||||
Retirement benefit remeasurement | 644 | 644 | |||||||
Own credit reserve | (13) | (13) | |||||||
Total comprehensive income for the year | 2,903 | 631 | (2,329) | 4,601 | |||||
Issue and redemption of other equity instruments | 1,075 | 1,072 | 3 | ||||||
Other equity instruments coupons paid | (631) | (631) | |||||||
Employee share schemes | 436 | 436 | |||||||
Vesting of Barclays PLC shares under share-based payment schemes | (356) | ||||||||
Dividends on ordinary shares | (794) | (794) | |||||||
Dividends on preference shares and other shareholders equity | (27) | (27) | |||||||
Other reserve movements | 1 | (6) | |||||||
Ending balance, equity at Dec. 31, 2021 | 56,317 | 2,348 | 9,693 | 861 | 43,415 | ||||
Profit after tax | 4,382 | 732 | 3,650 | ||||||
Currency translation movements | 2,411 | [3] | 2,411 | ||||||
Fair value through other comprehensive income reserve | (1,224) | (1,224) | |||||||
Cash flow hedges | (4,939) | (4,939) | |||||||
Retirement benefit remeasurement | (282) | (282) | |||||||
Own credit reserve | 1,463 | 1,463 | |||||||
Total comprehensive income for the year | 1,811 | 732 | (2,289) | 3,368 | |||||
Issue and redemption of other equity instruments | 1,036 | 998 | 38 | ||||||
Other equity instruments coupons paid | (732) | (732) | |||||||
Employee share schemes | 419 | 419 | |||||||
Vesting of Barclays PLC shares under share-based payment schemes | (413) | (413) | |||||||
Dividends on ordinary shares | (200) | (200) | |||||||
Dividends on preference shares and other shareholders equity | (31) | (31) | |||||||
Own credit realisation | 0 | (36) | 36 | ||||||
Capital contribution from Barclays PLC | 750 | 750 | |||||||
Other reserve movements | (4) | (4) | |||||||
Ending balance, equity at Dec. 31, 2022 | £ 58,953 | £ 2,348 | £ 10,691 | £ (1,464) | £ 47,378 | ||||
[1]For further details refer to Note 27.[2]For further details refer to Note 28.[3]Includes £1m gain (2021: £20m loss; 2020: £8m loss) on recycling of currency translation differences. |
Consolidated cash flow statemen
Consolidated cash flow statement - GBP (£) £ in Millions | 12 Months Ended | ||
Dec. 31, 2022 | Dec. 31, 2021 | Dec. 31, 2020 | |
Reconciliation of profit before tax to net cash flows from operating activities: | |||
Profit before tax | £ 4,867 | £ 5,418 | £ 3,075 |
Adjustment for non-cash items: | |||
Credit impairment charges/(releases) | 933 | (277) | 3,377 |
Depreciation, amortisation and impairment of property, plant, equipment and intangibles | 483 | 683 | 441 |
Other provisions, including pensions | 1,188 | 85 | 634 |
Net loss/(profit) on disposal of investments and property, plant and equipment | 8 | 12 | (119) |
Other non-cash movements including exchange rate movements | (13,491) | 1,968 | (2,362) |
Changes in operating assets and liabilities | |||
Net (increase)/decrease in cash collateral and settlement balances | (1,078) | 3,633 | 4,098 |
Net (increase)/decrease in loans and advances at amortised cost | (30,617) | (7,190) | 7,142 |
Net decrease/(increase) in reverse repurchase agreements and other similar secured lending | 2,452 | 5,804 | (7,250) |
Net increase in deposits at amortised cost | 28,751 | 18,132 | 31,148 |
Net increase/(decrease) in debt securities in issue | 11,624 | 18,965 | (4,113) |
Net (decrease)/increase in repurchase agreements and other similar secured borrowing | (804) | 2,326 | 8,411 |
Net increase in derivative financial instruments | (8,002) | (3,655) | (1,604) |
Net decrease/(increase) in trading portfolio assets | 13,100 | (19,207) | (14,327) |
Net increase in trading portfolio liabilities | 19,169 | 7,152 | 10,927 |
Net (increase)/decrease in financial assets and liabilities at fair value through the income statement | (1,978) | (14,960) | 2,889 |
Net increase in other assets | (3,311) | (2,235) | (93) |
Net increase in trading portfolio liabilities | 1,834 | 2,082 | 13 |
Corporate income tax paid | (144) | (1,239) | (12) |
Net cash from operating activities | 24,984 | 17,497 | 42,275 |
Net cash from investing activities | |||
Purchase of debt securities at amortised cost | (20,014) | (6,931) | (7,890) |
Proceeds from redemption or sale of debt securities at amortised cost | 12,925 | 2,424 | 3,527 |
Purchase of financial assets at fair value through other comprehensive income | (43,139) | (44,058) | (57,640) |
Proceeds from sale or redemption of financial assets at fair value through other comprehensive income | 42,157 | 47,601 | 53,367 |
Purchase of property, plant and equipment and intangibles | (540) | (758) | (303) |
Disposal of subsidiaries and associates, net of cash disposed | 0 | 65 | 736 |
Other cash flows associated with investing activities | 0 | 4 | 11 |
Net cash from investing activities | (8,611) | (1,653) | (8,192) |
Net cash from financing activities | |||
Dividends paid and other coupon payments on equity instruments | (963) | (1,452) | (982) |
Issuance of subordinated liabilities | 15,381 | 9,099 | 3,856 |
Redemption of subordinated liabilities | (8,367) | (7,241) | (4,746) |
Issue of shares and other equity instruments | 3,134 | 1,072 | 1,134 |
Repurchase of shares and other equity instruments | (2,136) | 0 | (903) |
Capital contribution | 750 | 0 | 0 |
Vesting of employee share schemes | (413) | (356) | (300) |
Net cash from financing activities | 7,386 | 1,122 | (1,941) |
Effect of exchange rates on cash and cash equivalents | 10,235 | (4,231) | 1,669 |
Net increase in cash and cash equivalents | 33,994 | 12,735 | 33,811 |
Cash and cash equivalents at beginning of year | 185,860 | 173,125 | 139,314 |
Cash and cash equivalents at end of year | 219,854 | 185,860 | 173,125 |
Cash and cash equivalents comprise: | |||
Cash and balances at central banks | 202,142 | 169,085 | 155,902 |
Loans and advances to banks with original maturity less than three months | 6,229 | 6,473 | 7,281 |
Cash collateral balances with central banks with original maturity less than three months | 10,625 | 9,690 | 9,086 |
Treasury and other eligible bills with original maturity less than three months | 858 | 612 | 856 |
Cash and cash equivalents | £ 219,854 | £ 185,860 | £ 173,125 |
Consolidated cash flow statem_2
Consolidated cash flow statement (Parenthetical) - GBP (£) £ in Millions | 12 Months Ended | |
Dec. 31, 2022 | Dec. 31, 2021 | |
Statement of cash flows [abstract] | ||
Interest received, classified as operating activities | £ 33,657 | £ 11,616 |
Interest paid, classified as operating activities | 26,566 | 7,493 |
Balances with banks and other regulatory authorities | £ 3,038 | £ 4,260 |
Parent company accounts - balan
Parent company accounts - balance sheet - GBP (£) £ in Millions | Dec. 31, 2022 | Dec. 31, 2021 |
Assets | ||
Cash and balances at central banks | £ 202,142 | £ 169,085 |
Cash collateral and settlement balances | 107,862 | 88,085 |
Loans and advances at amortised cost | 182,507 | 145,259 |
Reverse repurchase agreements and other similar secured lending | 725 | 3,177 |
Trading Portfolio Assets | 133,771 | 146,871 |
Financial assets at fair value through the income statement | 211,128 | 188,226 |
Derivative financial instruments | 302,976 | 262,291 |
Financial assets at fair value through other comprehensive income | 45,084 | 45,908 |
Investments in associates and joint ventures | 26 | 24 |
Goodwill and intangible assets | 1,665 | 1,449 |
Property, plant and equipment | 1,379 | 1,248 |
Current tax assets | 737 | 589 |
Deferred tax assets | 4,583 | 2,981 |
Retirement benefit assets | 4,743 | 3,879 |
Other assets | 4,209 | 2,706 |
Total assets | 1,203,537 | 1,061,778 |
Liabilities | ||
Deposits at amortised cost | 291,579 | 262,828 |
Cash collateral and settlement balances | 96,811 | 79,047 |
Repurchase agreements and other similar secured borrowing | 11,965 | 12,769 |
Debt securities in issue | 60,012 | 48,388 |
Subordinated liabilities | 38,253 | 32,185 |
Trading portfolio liabilities | 72,460 | 53,291 |
Financial liabilities designated at fair value | 272,055 | 251,131 |
Derivative financial instruments | 289,206 | 256,523 |
Current tax liabilities | 422 | 688 |
Deferred tax liabilities | 0 | 6 |
Retirement benefit liabilities | 184 | 246 |
Other liabilities | 10,779 | 7,249 |
Provisions | 858 | 1,110 |
Total liabilities | 1,144,584 | 1,005,461 |
Equity | ||
Called up share capital and share premium | 2,348 | 2,348 |
Other equity instruments | 10,691 | 9,693 |
Other reserves | (1,464) | 861 |
Retained earnings | 47,378 | 43,415 |
Total equity | 58,953 | 56,317 |
Total liabilities and equity | 1,203,537 | 1,061,778 |
Barclays Bank PLC | ||
Assets | ||
Cash and balances at central banks | 170,307 | 144,964 |
Cash collateral and settlement balances | 82,371 | 75,571 |
Loans and advances at amortised cost | 225,783 | 199,782 |
Reverse repurchase agreements and other similar secured lending | 5,908 | 4,982 |
Trading Portfolio Assets | 83,043 | 96,724 |
Financial assets at fair value through the income statement | 247,325 | 236,577 |
Derivative financial instruments | 258,708 | 234,409 |
Financial assets at fair value through other comprehensive income | 43,086 | 44,163 |
Investments in associates and joint ventures | 12 | 12 |
Investment in subsidiaries | 19,264 | 19,134 |
Goodwill and intangible assets | 107 | 109 |
Property, plant and equipment | 110 | 128 |
Current tax assets | 891 | 671 |
Deferred tax assets | 3,114 | 1,679 |
Retirement benefit assets | 4,695 | 3,825 |
Other assets | 3,188 | 1,941 |
Total assets | 1,147,912 | 1,064,671 |
Liabilities | ||
Deposits at amortised cost | 313,895 | 286,761 |
Cash collateral and settlement balances | 64,955 | 56,419 |
Repurchase agreements and other similar secured borrowing | 26,307 | 29,202 |
Debt securities in issue | 40,166 | 32,585 |
Subordinated liabilities | 37,656 | 31,875 |
Trading portfolio liabilities | 52,093 | 50,116 |
Financial liabilities designated at fair value | 300,851 | 291,062 |
Derivative financial instruments | 250,567 | 227,991 |
Current tax liabilities | 303 | 342 |
Deferred tax liabilities | 0 | 6 |
Retirement benefit liabilities | 80 | 104 |
Other liabilities | 7,980 | 4,597 |
Provisions | 592 | 919 |
Total liabilities | 1,095,445 | 1,011,979 |
Equity | ||
Called up share capital and share premium | 2,348 | 2,348 |
Other equity instruments | 15,398 | 14,400 |
Other reserves | (4,552) | (1,236) |
Retained earnings | 39,273 | 37,180 |
Total equity | 52,467 | 52,692 |
Total liabilities and equity | £ 1,147,912 | £ 1,064,671 |
Parent company accounts - State
Parent company accounts - Statement of changes in equity - GBP (£) £ in Millions | Total | Called up share capital and share premium | [1] | Other equity instruments | [1] | Other reserves | [2] | Retained earnings | Barclays Bank PLC | Barclays Bank PLC Called up share capital and share premium | [3] | Barclays Bank PLC Other equity instruments | [3] | Barclays Bank PLC Other reserves | Barclays Bank PLC Retained earnings | |||
Beginning balance, equity at Dec. 31, 2020 | £ 53,710 | £ 2,348 | £ 8,621 | £ 3,183 | £ 39,558 | £ 51,143 | £ 2,348 | £ 13,328 | [4] | £ 776 | [5] | £ 34,691 | ||||||
Profit after tax | 4,588 | 631 | 3,957 | 3,436 | 795 | [4] | 2,641 | |||||||||||
Currency translation movements | (155) | [6] | (155) | 128 | [7] | 128 | [5] | |||||||||||
Fair value through other comprehensive income reserve | (362) | (362) | (363) | (363) | [5] | |||||||||||||
Cash flow hedges | (1,799) | (1,799) | (1,815) | (1,815) | [5] | |||||||||||||
Retirement benefit remeasurement | 644 | 644 | 612 | 612 | ||||||||||||||
Own credit reserve | (13) | (13) | 31 | 31 | [5] | |||||||||||||
Total comprehensive income for the year | 2,903 | 631 | (2,329) | 4,601 | 2,029 | 795 | [4] | (2,019) | [5] | 3,253 | ||||||||
Issue and redemption of other equity instruments | 1,075 | 1,072 | 3 | 1,075 | 1,072 | [4] | 3 | |||||||||||
Other equity instruments coupons paid | (631) | (631) | (795) | (795) | [4] | |||||||||||||
Employee share schemes | 436 | 436 | 418 | 418 | ||||||||||||||
Vesting of Barclays PLC shares under share-based payment schemes | (356) | (356) | (356) | |||||||||||||||
Dividends paid on ordinary shares | (794) | (794) | (794) | (794) | ||||||||||||||
Dividends paid on preference shares and other shareholders' equity | (27) | (27) | (27) | (27) | ||||||||||||||
Other reserve movements | 1 | (6) | (1) | 7 | (8) | |||||||||||||
Ending balance, equity at Dec. 31, 2021 | 56,317 | 2,348 | 9,693 | 861 | 43,415 | 52,692 | 2,348 | 14,400 | [4],[8] | (1,236) | [5] | 37,180 | ||||||
Profit after tax | 4,382 | 732 | 3,650 | 2,784 | 982 | [8] | 1,802 | |||||||||||
Currency translation movements | 2,411 | [6] | 2,411 | 1,149 | [7] | 1,149 | [5] | |||||||||||
Fair value through other comprehensive income reserve | (1,224) | (1,224) | (1,232) | (1,232) | [5] | |||||||||||||
Cash flow hedges | (4,939) | (4,939) | (4,556) | (4,556) | [5] | |||||||||||||
Retirement benefit remeasurement | (282) | (282) | (315) | (315) | ||||||||||||||
Own credit reserve | 1,463 | 1,463 | 1,359 | 1,359 | [5] | |||||||||||||
Total comprehensive income for the year | 1,811 | 732 | (2,289) | 3,368 | (811) | 982 | [8] | (3,280) | [5] | 1,487 | ||||||||
Issue and redemption of other equity instruments | 1,036 | 998 | 38 | 1,036 | 998 | [8] | 38 | |||||||||||
Other equity instruments coupons paid | (732) | (732) | (982) | (982) | [8] | |||||||||||||
Employee share schemes | 419 | 419 | 425 | 425 | ||||||||||||||
Vesting of Barclays PLC shares under share-based payment schemes | (413) | (413) | (413) | (413) | ||||||||||||||
Dividends paid on ordinary shares | (200) | (200) | (200) | (200) | ||||||||||||||
Dividends paid on preference shares and other shareholders' equity | (31) | (31) | (31) | (31) | ||||||||||||||
Own credit realisation | 0 | (36) | 36 | (36) | [5] | 36 | ||||||||||||
Capital contribution from Barclays PLC | 750 | 750 | 750 | 750 | ||||||||||||||
Other reserve movements | (4) | (4) | 1 | 1 | ||||||||||||||
Ending balance, equity at Dec. 31, 2022 | £ 58,953 | £ 2,348 | £ 10,691 | £ (1,464) | £ 47,378 | £ 52,467 | £ 2,348 | £ 15,398 | [8] | £ (4,552) | [5] | £ 39,273 | ||||||
[1]For further details refer to Note 27.[2]For further details refer to Note 28.[3]For further details refer to Note 27.[4]Other equity instruments includes AT1 securities issued by Barclays Bank PLC and borrowings of $6bn from a wholly-owned, indirect subsidiary of Barclays Bank PLC. The borrowings have been recorded as equity since, under their terms, interest payments are non cumulative and discretionary whilst repayment of principal is perpetually deferrable by Barclays Bank PLC. Should Barclays Bank PLC make a discretionary dividend payment on its ordinary shares in the six months preceding the date of an interest payment, it will be obliged to make that interest payment. In 2021, interest paid on these borrowings was £164m.[5]For further details refer to Note 28.[6]Includes £1m gain (2021: £20m loss; 2020: £8m loss) on recycling of currency translation differences.[7]Includes £nil (2021: £nil, 2020:nil) on recycling of currency translation differences.[8] Other equity instruments includes AT1 securities issued by Barclays Bank PLC and borrowings of $6bn from a wholly-owned, indirect subsidiary of Barclays Bank PLC. The borrowings have been recorded as equity since, under their terms, interest payments are non cumulative and discretionary whilst repayment of principal is perpetually deferrable by Barclays Bank PLC. Should Barclays Bank PLC make a discretionary dividend payment on its ordinary shares in the six months preceding the date of an interest payment, it will be obliged to make that interest payment. In 2022, interest paid on these borrowings was £250m. |
Parent company accounts - Sta_2
Parent company accounts - Statement of changes in equity (Parenthetical) - Barclays Bank PLC - GBP (£) £ in Millions | 12 Months Ended | |
Dec. 31, 2022 | Dec. 31, 2021 | |
Amounts payable, related party transactions | £ 6,000 | £ 6,000 |
Interest paid, classified as financing activities | £ 250 | £ 164 |
Parent company accounts - Cash
Parent company accounts - Cash flow statement - GBP (£) £ in Millions | 12 Months Ended | ||
Dec. 31, 2022 | Dec. 31, 2021 | Dec. 31, 2020 | |
Reconciliation of profit before tax to net cash flows from operating activities: | |||
Profit/(loss) before tax | £ 4,867 | £ 5,418 | £ 3,075 |
Adjustment for non-cash items: | |||
Credit impairment charges/(releases) | 933 | (277) | 3,377 |
Depreciation, amortisation and impairment of property, plant, equipment and intangibles | 483 | 683 | 441 |
Other provisions, including pensions | 1,188 | 85 | 634 |
Net profit on disposal of investments and property, plant and equipment | 8 | 12 | (119) |
Other non-cash movements including exchange rate movements | (13,491) | 1,968 | (2,362) |
Net (increase)/decrease in cash collateral and settlement balances | (1,078) | 3,633 | 4,098 |
Net (increase)/decrease in loans and advances at amortised cost | (30,617) | (7,190) | 7,142 |
Net (increase)/decrease in reverse repurchase agreements and other similar secured lending | 2,452 | 5,804 | (7,250) |
Net increase in deposits at amortised cost | 28,751 | 18,132 | 31,148 |
Net increase/(decrease) in debt securities in issue | 11,624 | 18,965 | (4,113) |
Net (decrease)/increase in repurchase agreements and other similar secured borrowing | (804) | 2,326 | 8,411 |
Net increase in derivative financial instruments | (8,002) | (3,655) | (1,604) |
Net decrease/(increase) in trading portfolio assets | 13,100 | (19,207) | (14,327) |
Net increase in trading portfolio liabilities | 19,169 | 7,152 | 10,927 |
Net (increase)/decrease in financial assets and liabilities at fair value through the income statement | (1,978) | (14,960) | 2,889 |
Net increase in other assets | (3,311) | (2,235) | (93) |
Net increase in trading portfolio liabilities | 1,834 | 2,082 | 13 |
Corporate income tax received/(paid) | (144) | (1,239) | (12) |
Net cash from operating activities | 24,984 | 17,497 | 42,275 |
Net cash from investing activities | |||
Purchase of debt securities at amortised cost | (20,014) | (6,931) | (7,890) |
Proceeds from redemption or sale of debt securities at amortised cost | 12,925 | 2,424 | 3,527 |
Purchase of financial assets at fair value through other comprehensive income | (43,139) | (44,058) | (57,640) |
Proceeds from sale or redemption of financial assets at fair value through other comprehensive income | 42,157 | 47,601 | 53,367 |
Purchase of property, plant and equipment and intangibles | (540) | (758) | (303) |
Disposal of subsidiaries and associates, net of cash disposed | 0 | 65 | 736 |
Other cash flows associated with investing activities | 0 | 4 | 11 |
Net cash from investing activities | (8,611) | (1,653) | (8,192) |
Net cash from financing activities | |||
Dividends paid and other coupon payments on equity instruments | (963) | (1,452) | (982) |
Issuance of subordinated liabilities | 15,381 | 9,099 | 3,856 |
Redemption of subordinated liabilities | (8,367) | (7,241) | (4,746) |
Issue of shares and other equity instruments | 3,134 | 1,072 | 1,134 |
Repurchase of shares and other equity instruments | (2,136) | 0 | (903) |
Capital contribution | 750 | 0 | 0 |
Vesting of shares under employee share schemes | (413) | (356) | (300) |
Net cash from financing activities | 7,386 | 1,122 | (1,941) |
Effect of exchange rates on cash and cash equivalents | 10,235 | (4,231) | 1,669 |
Net increase in cash and cash equivalents | 33,994 | 12,735 | 33,811 |
Cash and cash equivalents at beginning of year | 185,860 | 173,125 | 139,314 |
Cash and cash equivalents at end of year | 219,854 | 185,860 | 173,125 |
Cash and balances at central banks | 202,142 | 169,085 | 155,902 |
Loans and advances to banks with original maturity less than three months | 6,229 | 6,473 | 7,281 |
Cash collateral balances with central banks with original maturity less than three months | 10,625 | 9,690 | 9,086 |
Short-term investments, classified as cash equivalents | 858 | 612 | 856 |
Cash and cash equivalents | 219,854 | 185,860 | 173,125 |
Barclays Bank PLC | |||
Reconciliation of profit before tax to net cash flows from operating activities: | |||
Profit/(loss) before tax | 2,744 | 3,323 | 2,155 |
Adjustment for non-cash items: | |||
Credit impairment charges/(releases) | 165 | (414) | 1,577 |
Impairment of Investments in subsidiaries | 2,533 | 107 | 27 |
Depreciation, amortisation and impairment of property, plant, equipment and intangibles | 72 | 331 | 66 |
Other provisions, including pensions | 996 | 75 | 505 |
Net profit on disposal of investments and property, plant and equipment | (115) | (49) | (397) |
Other non-cash movements including exchange rate movements | (11,858) | 1,002 | (2,072) |
Net (increase)/decrease in cash collateral and settlement balances | 2,671 | 313 | 1,863 |
Net (increase)/decrease in loans and advances at amortised cost | (19,764) | (10,255) | (29,049) |
Net (increase)/decrease in reverse repurchase agreements and other similar secured lending | (926) | 6,553 | (6,596) |
Net increase in deposits at amortised cost | 27,134 | 14,571 | 32,059 |
Net increase/(decrease) in debt securities in issue | 7,581 | 15,364 | (2,662) |
Net (decrease)/increase in repurchase agreements and other similar secured borrowing | (2,895) | 1,480 | 18,537 |
Net increase in derivative financial instruments | (1,723) | (1,827) | (860) |
Net decrease/(increase) in trading portfolio assets | 13,681 | (12,635) | (5,010) |
Net increase in trading portfolio liabilities | 1,977 | 2,023 | 2,963 |
Net (increase)/decrease in financial assets and liabilities at fair value through the income statement | (959) | (9,579) | 18,799 |
Net increase in other assets | (3,035) | (1,989) | (83) |
Net increase in trading portfolio liabilities | 2,196 | 1,557 | 380 |
Corporate income tax received/(paid) | 422 | (373) | 354 |
Net cash from operating activities | 20,897 | 9,578 | 32,556 |
Net cash from investing activities | |||
Purchase of debt securities at amortised cost | (18,519) | (5,442) | (7,129) |
Proceeds from redemption or sale of debt securities at amortised cost | 12,107 | 1,278 | 3,054 |
Purchase of financial assets at fair value through other comprehensive income | (36,084) | (37,842) | (51,368) |
Proceeds from sale or redemption of financial assets at fair value through other comprehensive income | 35,066 | 41,544 | 47,254 |
Purchase of property, plant and equipment and intangibles | (28) | (20) | (27) |
Disposal of subsidiaries and associates, net of cash disposed | 125 | 65 | 736 |
Increase in investment in subsidiaries | (2,667) | (1,473) | (1,907) |
Other cash flows associated with investing activities | (1) | 0 | 8 |
Net cash from investing activities | (10,001) | (1,890) | (9,379) |
Net cash from financing activities | |||
Dividends paid and other coupon payments on equity instruments | (1,213) | (1,616) | (1,134) |
Issuance of subordinated liabilities | 14,904 | 8,788 | 3,700 |
Redemption of subordinated liabilities | (8,104) | (7,095) | (4,580) |
Issue of shares and other equity instruments | 3,134 | 1,072 | 3,075 |
Repurchase of shares and other equity instruments | (2,136) | 0 | (903) |
Capital contribution | 750 | ||
Vesting of shares under employee share schemes | (413) | (356) | (300) |
Net cash from financing activities | 6,922 | 793 | (142) |
Effect of exchange rates on cash and cash equivalents | 8,166 | (2,913) | 1,169 |
Net increase in cash and cash equivalents | 25,984 | 5,568 | 24,204 |
Cash and cash equivalents at beginning of year | 159,059 | 153,491 | 129,287 |
Cash and cash equivalents at end of year | 185,043 | 159,059 | 153,491 |
Cash and balances at central banks | 170,307 | 144,964 | 133,386 |
Loans and advances to banks with original maturity less than three months | 3,466 | 3,793 | 10,174 |
Cash collateral balances with central banks with original maturity less than three months | 10,625 | 9,690 | 9,086 |
Short-term investments, classified as cash equivalents | 645 | 612 | 845 |
Cash and cash equivalents | £ 185,043 | £ 159,059 | £ 153,491 |
Parent company accounts - Cas_2
Parent company accounts - Cash flow statement (Parenthetical) - GBP (£) £ in Millions | 12 Months Ended | |
Dec. 31, 2022 | Dec. 31, 2021 | |
Condensed Cash Flow Statements, Captions [Line Items] | ||
Interest received, classified as operating activities | £ 33,657 | £ 11,616 |
Interest paid, classified as operating activities | 26,566 | 7,493 |
Balances with banks and other regulatory authorities | 3,038 | 4,260 |
Barclays Bank PLC | ||
Condensed Cash Flow Statements, Captions [Line Items] | ||
Interest received, classified as operating activities | 25,048 | 7,284 |
Interest paid, classified as operating activities | 21,325 | 5,496 |
Dividends received | 1,862 | 1,174 |
Balances with banks and other regulatory authorities | £ 1,070 | £ 1,585 |
Parent company accounts - Incom
Parent company accounts - Income Statement - GBP (£) £ in Millions | 12 Months Ended | |||
Dec. 31, 2022 | Dec. 31, 2021 | Dec. 31, 2020 | ||
Condensed Statement of Income Captions [Line Items] | ||||
Interest and similar income | £ 11,779 | £ 5,672 | £ 6,006 | |
Interest and similar expense | (6,381) | (2,599) | (2,846) | |
Net interest income | 5,398 | 3,073 | 3,160 | |
Fee and commission income | 8,171 | 8,581 | 7,417 | |
Fee and commission expense | (2,745) | (1,994) | (1,758) | |
Net fee and commission income | 5,426 | 6,587 | 5,659 | |
Net trading income | 7,624 | 5,788 | 7,076 | |
Net investment income | (323) | (80) | (121) | |
Other income | 69 | 40 | 4 | |
Total income | 18,194 | 15,408 | 15,778 | |
Staff costs | (5,192) | (4,456) | (4,365) | |
Infrastructure costs | (900) | (1,054) | (816) | |
Administration and general expenses | (4,879) | (4,375) | (4,202) | |
Litigation and conduct | (1,427) | (374) | (76) | |
Total operating expenses | (12,398) | (10,259) | (9,459) | |
Share of post-tax results of associates and joint ventures | 3 | 4 | 7 | |
Profit/(loss) on disposal of subsidiaries, associates and joint ventures | 1 | (12) | 126 | |
Profit before Impairment | 5,800 | 5,141 | 6,452 | |
Credit impairment (charges)/releases | (933) | 277 | (3,377) | |
Profit before tax | 4,867 | 5,418 | 3,075 | |
Taxation | (485) | (830) | (624) | |
Profit after tax | 4,382 | 4,588 | 2,451 | |
Attributable to: | ||||
Equity holders of the parent | 3,650 | 3,957 | 1,774 | |
Other equity instrument holders | 732 | 631 | 677 | |
Total equity holders of the parent | 4,382 | 4,588 | 2,451 | |
Barclays Bank PLC | ||||
Condensed Statement of Income Captions [Line Items] | ||||
Interest and similar income | 10,576 | 4,190 | 4,016 | |
Interest and similar expense | (8,278) | (3,096) | (3,059) | |
Net interest income | 2,298 | 1,094 | 957 | |
Fee and commission income | [1] | 2,949 | 2,989 | 2,825 |
Fee and commission expense | [1] | (850) | (656) | (936) |
Net fee and commission income | 2,099 | 2,333 | 1,889 | |
Net trading income | [1] | 5,791 | 3,786 | 4,770 |
Net investment income | 1,623 | 1,123 | 574 | |
Other income | 32 | 4 | 130 | |
Total income | 11,843 | 8,340 | 8,320 | |
Staff costs | (1,699) | (1,598) | (1,623) | |
Infrastructure costs | (145) | (409) | (154) | |
Administration and general expenses | (3,336) | (3,051) | (3,127) | |
Litigation and conduct | (1,340) | (360) | (60) | |
Total operating expenses | (6,520) | (5,418) | (4,964) | |
Impairment of Investments in subsidiaries | (2,533) | (107) | (27) | |
Share of post-tax results of associates and joint ventures | 0 | 0 | 2 | |
Profit/(loss) on disposal of subsidiaries, associates and joint ventures | 119 | 94 | 401 | |
Profit before Impairment | 2,909 | 2,909 | 3,732 | |
Credit impairment (charges)/releases | (165) | 414 | (1,577) | |
Profit before tax | 2,744 | 3,323 | 2,155 | |
Taxation | 40 | 113 | (21) | |
Profit after tax | 2,784 | 3,436 | 2,134 | |
Attributable to: | ||||
Equity holders of the parent | 1,802 | 2,641 | 1,305 | |
Other equity instrument holders | 982 | 795 | 829 | |
Total equity holders of the parent | £ 2,784 | £ 3,436 | £ 2,134 | |
[1]From 2022, Barclays Bank PLC has changed its presentation of transfer pricing arrangements to align with the policies being used across rest of the Barclays Group. The change impacts transfer pricing and sales credits earned or paid when affiliate entities act as recipients or payers of such transactions. Transfer pricing and sales credits will be shown within net trading income or fees and commission income depending on the nature of the transaction. Transfer pricing and sales credits previously recognised in fees and commission expense (2021:£2,072m; 2020: £2,241m) have been re-presented, resulting in a reduction in net trading income (2021:£789m; 2020: £1,296m) and fees and commission income (2021:£1,283; 2020: £945m). There is no impact on total income reported. |
Parent company accounts - Inc_2
Parent company accounts - Income Statement (Parenthetical) - GBP (£) £ in Millions | 12 Months Ended | |||
Dec. 31, 2022 | Dec. 31, 2021 | Dec. 31, 2020 | ||
Condensed Statement of Income Captions [Line Items] | ||||
Fee and commission expense | £ 2,745 | £ 1,994 | £ 1,758 | |
Net trading income | 7,624 | 5,788 | 7,076 | |
Fee and commission income | 8,171 | 8,581 | 7,417 | |
Barclays Bank PLC | ||||
Condensed Statement of Income Captions [Line Items] | ||||
Fee and commission expense | [1] | 850 | 656 | 936 |
Net trading income | [1] | 5,791 | 3,786 | 4,770 |
Fee and commission income | [1] | 2,949 | 2,989 | 2,825 |
Dividends paid to equity holders of parent, classified as financing activities | £ 1,862 | 1,174 | 610 | |
Barclays Bank PLC | Increase (decrease) due to voluntary changes in accounting policy | ||||
Condensed Statement of Income Captions [Line Items] | ||||
Fee and commission expense | (2,072) | (2,241) | ||
Net trading income | (789) | (1,296) | ||
Fee and commission income | £ (1,283) | £ (945) | ||
[1]From 2022, Barclays Bank PLC has changed its presentation of transfer pricing arrangements to align with the policies being used across rest of the Barclays Group. The change impacts transfer pricing and sales credits earned or paid when affiliate entities act as recipients or payers of such transactions. Transfer pricing and sales credits will be shown within net trading income or fees and commission income depending on the nature of the transaction. Transfer pricing and sales credits previously recognised in fees and commission expense (2021:£2,072m; 2020: £2,241m) have been re-presented, resulting in a reduction in net trading income (2021:£789m; 2020: £1,296m) and fees and commission income (2021:£1,283; 2020: £945m). There is no impact on total income reported. |
Parent company accounts - Sta_3
Parent company accounts - Statement of comprehensive income - GBP (£) £ in Millions | 12 Months Ended | |||
Dec. 31, 2022 | Dec. 31, 2021 | Dec. 31, 2020 | ||
Condensed Statement of Income Captions [Line Items] | ||||
Profit after tax | £ 4,382 | £ 4,588 | £ 2,451 | |
Currency translation reserve | ||||
Currency translation differences | [1] | 2,411 | (155) | (647) |
Fair value through other comprehensive income reserve movement relating to debt securities | ||||
Net (losses)/gains from changes in fair value | (6,376) | (1,383) | 2,402 | |
Net losses/(gains) transferred to net profit on disposal | 68 | (248) | (251) | |
Net losses/(gains) related to (releases of) impairment | 8 | (6) | 1 | |
Net gains/(losses) due to fair value hedging | 4,627 | 1,105 | (1,640) | |
Tax | 449 | 170 | (130) | |
Cash flow hedging reserve | ||||
Net (losses)/gains from changes in fair value | (7,290) | (2,212) | 1,366 | |
Net gains/(losses) transferred to net profit | 543 | (327) | (282) | |
Tax | 1,808 | 740 | (291) | |
Other | 0 | 0 | 3 | |
Other comprehensive (loss)/income that may be recycled to profit or loss | (3,752) | (2,316) | 531 | |
Other comprehensive income/(loss) not recycled to profit or loss: | ||||
Retirement benefit remeasurements | (755) | 1,299 | (77) | |
Own credit | 2,092 | (105) | (810) | |
Tax | (156) | (563) | 198 | |
Other comprehensive income/(loss) not recycled to profit or loss | 1,181 | 631 | (688) | |
Other comprehensive (loss) for the year | (2,571) | (1,685) | (157) | |
Total comprehensive income for the year | 1,811 | 2,903 | 2,294 | |
Attributable to: | ||||
Equity holders of the parent | 1,811 | 2,903 | 2,294 | |
Total comprehensive income for the year | 1,811 | 2,903 | 2,294 | |
Barclays Bank PLC | ||||
Condensed Statement of Income Captions [Line Items] | ||||
Profit after tax | 2,784 | 3,436 | 2,134 | |
Currency translation reserve | ||||
Currency translation differences | [2] | 1,149 | 128 | (519) |
Fair value through other comprehensive income reserve movement relating to debt securities | ||||
Net (losses)/gains from changes in fair value | (6,383) | (1,382) | 2,405 | |
Net losses/(gains) transferred to net profit on disposal | 68 | (248) | (252) | |
Net losses/(gains) related to (releases of) impairment | 8 | (6) | 1 | |
Net gains/(losses) due to fair value hedging | 4,626 | 1,103 | (1,634) | |
Tax | 449 | 170 | (131) | |
Cash flow hedging reserve | ||||
Net (losses)/gains from changes in fair value | (6,733) | (2,230) | 1,375 | |
Net gains/(losses) transferred to net profit | 470 | (333) | (296) | |
Tax | 1,707 | 748 | (291) | |
Other | 0 | 0 | 2 | |
Other comprehensive (loss)/income that may be recycled to profit or loss | (4,639) | (2,050) | 660 | |
Other comprehensive income/(loss) not recycled to profit or loss: | ||||
Retirement benefit remeasurements | (791) | 1,261 | (85) | |
Own credit | 1,973 | (55) | (778) | |
Tax | (138) | (563) | 190 | |
Other comprehensive income/(loss) not recycled to profit or loss | 1,044 | 643 | (673) | |
Other comprehensive (loss) for the year | (3,595) | (1,407) | (13) | |
Total comprehensive income for the year | (811) | 2,029 | 2,121 | |
Attributable to: | ||||
Equity holders of the parent | (811) | 2,029 | 2,121 | |
Total comprehensive income for the year | £ (811) | £ 2,029 | £ 2,121 | |
[1]Includes £1m gain (2021: £20m loss; 2020: £8m loss) on recycling of currency translation differences.[2]Includes £nil (2021: £nil, 2020:nil) on recycling of currency translation differences. |
Parent company accounts - Sta_4
Parent company accounts - Statement of comprehensive income (Parenthetical) - GBP (£) £ in Millions | 12 Months Ended | ||
Dec. 31, 2022 | Dec. 31, 2021 | Dec. 31, 2020 | |
Condensed Statement of Income Captions [Line Items] | |||
Reclassification adjustments on exchange differences on translation, net of tax | £ 1 | £ (20) | £ (8) |
Barclays Bank PLC | |||
Condensed Statement of Income Captions [Line Items] | |||
Reclassification adjustments on exchange differences on translation, net of tax | £ 0 | £ 0 | £ 0 |
Other disclosures - Risk Manage
Other disclosures - Risk Management and Principal Risks (audited) | 12 Months Ended |
Dec. 31, 2022 | |
Disclosure of credit risk exposure [abstract] | |
Other disclosures - Risk Management and Principal Risks | Credit risk management (audited) The risk of loss to the Barclays Bank Group from the failure of clients, customers or counterparties, including sovereigns, to fully honour their obligations to the Barclays Bank Group, including the whole and timely payment of principal, interest, collateral and other receivables. Overview The credit risk that the Barclays Bank Group faces arises from wholesale and retail loans and advances together with the counterparty credit risk arising from derivative contracts with clients; trading activities, including: debt securities, settlement balances with market counterparties, FVOCI (fair value through other comprehensive income) assets and reverse repurchase loans. Credit risk management objectives are to: ▪ maintain a framework of controls to oversee credit risk ▪ identify, assess and measure credit risk clearly and accurately across the Barclays Bank Group and within each separate business, from the level of individual facilities up to the total portfolio ▪ control and plan credit risk taking in line with external stakeholder expectations and avoiding undesirable concentrations ▪ monitor credit risk and adherence to agreed controls. Organisation, roles and responsibilities The first line of defence has primary responsibility for managing credit risk within the risk appetite and limits set by the Risk function, supported by a defined set of policies, standards and controls. In the Barclays Bank Group, business risk committees (attended by the first line) monitor and review the credit risk profile of each business unit where the most material issues are escalated to the Retail Credit Risk Management Committee, Wholesale Credit Risk Management Committee and the Barclays Group Risk Committee. Wholesale and retail portfolios are managed separately to reflect the differing nature of the assets; wholesale balances tend to be larger and are managed on an individual basis, while retail balances are greater in number but lesser in value and are, therefore, managed in aggregated segments. The responsibilities of the credit risk management teams in the businesses, the sanctioning team and other shared services include: sanctioning new credit agreements (principally wholesale); setting strategies for approval of transactions (principally retail); setting risk appetite; monitoring risk against limits and other parameters; setting recession readiness frameworks to protect portfolios in the event of economic stress, maintaining robust processes, data gathering, quality, storage and reporting methods for effective credit risk management; performing effective turnaround and workout scenarios for wholesale portfolios via dedicated restructuring and recoveries teams; maintaining robust collections and recovery processes/units for retail portfolios. The credit risk management teams in the Barclays Bank Group are accountable to the Barclays Bank PLC CRO, who reports to the Barclays Group CRO. For wholesale portfolios, credit risk managers are organised in sanctioning teams by geography, industry and/or product. In wholesale portfolios, credit risk approval is undertaken by experienced credit risk professionals operating within a clearly defined delegated authority framework, with only the most senior credit officers assigned the higher levels of delegated authority. The largest credit exposures, which are outside the Risk Sanctioning Unit or Risk Distribution Committee authority, require the support of the Barclays Bank PLC Senior Credit Officers. For exposures in excess of the Barclays Bank PLC Senior Credit Officers’ authority, approval by the Barclays Group Senior Credit Officer/Barclays PLC Board Risk Committee is also required. The Barclays Group Credit Risk Committee, attended by the Barclays Bank PLC Senior Credit Officers, provides a formal mechanism for the Barclays Group Senior Credit Officer to exercise the highest level of credit authority over the most material Barclays Group single name exposures. Credit risk mitigation The Barclays Bank Group employs a range of techniques and strategies to actively mitigate credit risks. These can broadly be divided into three types: ▪ netting and set-off ▪ collateral ▪ risk transfer. Netting and set-off Credit risk exposures can be reduced by applying netting and set-off. For derivative transactions, the Barclays Bank Group’s normal practice is to enter into standard master agreements with counterparties (e.g. ISDAs). These master agreements typically allow for netting of credit risk exposure to a counterparty resulting from derivative transactions against the obligations to the counterparty in the event of default, and so produce a lower net credit exposure. These agreements may also reduce settlement exposure (e.g. for foreign exchange transactions) by allowing payments on the same day in the same currency to be set-off against one another. Collateral The Barclays Bank Group has the ability to call on collateral in the event of default of the counterparty, comprising: ▪ home loans: a fixed charge over residential property in the form of houses, flats and other dwellings ▪ wholesale lending: a fixed charge over commercial property and other physical assets, in various forms ▪ other retail lending: includes charges over motor vehicles and other physical assets; second lien charges over residential property and finance lease receivables ▪ derivatives: the Barclays Bank Group also often seeks to enter into a margin agreement (e.g. Credit Support Annex) with counterparties with which the Barclays Bank Group has master netting agreements in place. These annexes to master agreements provide a mechanism for further reducing credit risk, whereby collateral (margin) is posted on a regular basis (typically daily) to collateralise the mark to market exposure of a derivative portfolio measured on a net basis. ▪ reverse repurchase agreements: collateral typically comprises highly liquid securities which have been legally transferred to the Barclays Bank Group subject to an agreement to return them for a fixed price ▪ financial guarantees and similar off-balance sheet commitments: cash collateral may be held against these arrangements. Risk transfer A range of instruments including guarantees, credit insurance, credit derivatives and securitisation can be used to transfer credit risk from one counterparty to another. These mitigate credit risk in two main ways: ▪ if the risk is transferred to a counterparty which is more creditworthy than the original counterparty, then overall credit risk is reduced ▪ where recourse to the first counterparty remains, both counterparties must default before a loss materialises. This is less likely than the default of either counterparty individually so credit risk is Market risk management (audited) The risk of loss arising from potential adverse changes in the value of the Barclays Bank Group’s assets and liabilities from fluctuation in market variables including, but not limited to, interest rates, foreign exchange, equity prices, commodity prices, credit spreads, implied volatilities and asset correlations. Overview Market risk arises primarily as a result of client facilitation in wholesale markets, involving market making activities, risk management solutions and execution of syndications. Upon execution of a trade with a client, the Barclays Bank Group will look to hedge against the risk of the trade moving in an adverse direction. Mismatches between client transactions and hedges result in market risk due to changes in asset prices, volatility or correlations. Organisation, roles and responsibilities Market risk in the businesses resides primarily in CIB and Treasury. These businesses have the mandate to assume market risk. The front office and Treasury trading desks are responsible for managing market risk on a day-to-day basis, where they are required to understand and adhere to all limits applicable to their businesses. The Market Risk team supports the trading desks with the day-to-day limit management of market risk exposures through governance processes which are outlined in supporting market risk policies and standards. Market risk oversight and challenge is provided by business committees and Barclays Group committees, including the Market Risk Committee (MRC). The objectives of market risk management are to: ▪ identify, understand and control market risk by robust measurement, limit setting, reporting and oversight ▪ facilitate business growth within a controlled and transparent risk management framework ▪ control market risk in the businesses according to the allocated appetite. To meet the above objectives, a governance structure is in place to manage these risks consistent with the ERMF. The Barclays Bank PLC Board Risk Committee recommends market risk appetite to the Barclays Bank PLC Board for their approval, within the parameters set by the Barclays PLC Board. The Market Risk Committee (MRC) reviews and makes recommendations concerning the Barclays Group-wide market risk profile. This includes overseeing the operation of the Market Risk Framework and associated policies and standards, monitoring market and regulatory changes, and reviewing limit utilisation levels. The committee is chaired by the Market Risk Principal Risk Lead and attendees include the business heads of market risk and business aligned market risk managers. In addition to MRC, the Corporate and Investment Bank Risk Committee (CIBRC) is the main forum in which market risk exposures are discussed and reviewed with senior business heads. The Committee is chaired by the CRO of Barclays International and meets weekly, covering current market events, notable market risk exposures, and key risk topics. New business initiatives are generally socialised at CIBRC before any changes to risk appetite or associated limits are considered in other governance committees. Management value at risk (VaR) VaR is an estimate of the potential loss arising from unfavourable market movements if the current positions were to be held unchanged for one business day. For internal market risk management purposes, a historical simulation methodology with a one-year equally weighted historical period, at the 95% confidence level is used for all trading books and some banking books. Limits are applied at the total level as well as by risk factor type, which are then cascaded down to particular trading desks and businesses by the market risk management function. See page 86 Treasury and capital risk management This comprises: Liquidity risk: The risk that the Barclays Bank Group is unable to meet its contractual or contingent obligations or that it does not have the appropriate amount, tenor and composition of funding and liquidity to support its assets. Capital risk: The risk that the Barclays Bank Group has an insufficient level or composition of capital to support its normal business activities and to meet its regulatory capital requirements under normal operating environments and stressed conditions (both actual and as defined for internal planning or regulatory testing purposes). This also includes the risk from the Barclays Bank Group’s pension plans. Interest rate risk in the banking book: The risk that the Barclays Bank Group is exposed to capital or income volatility because of a mismatch between the interest rate exposures of its (non-traded) assets and liabilities. The Treasury function manages treasury and capital risk exposure on a day-to-day basis, acting as the principal management body for the Barclays Bank Group. The Treasury and Capital Risk function is responsible for oversight and provides insight into key capital, liquidity, interest rate risk in the banking book (IRRBB) and pension risk management activities. Liquidity risk management (audited) Overview The efficient management of liquidity is essential to Barclays Bank PLC in order to retain the confidence of the financial markets and maintain the sustainability of the business. Treasury and Capital Risk have created a framework that is used to manage all liquidity risk exposures under both normal and stressed conditions. The framework is designed to maintain liquidity resources that are sufficient in amount, tenor, quality and composition to remain within the liquidity risk appetite as expressed by the Barclays Bank PLC Board. The liquidity risk appetite is monitored against both internal and regulatory liquidity metrics. Organisation, roles and responsibilities Treasury has the primary responsibility for managing liquidity risk within the set risk appetite. Both Risk and Treasury contribute to the production of the Internal Liquidity Adequacy Assessment Process (ILAAP). The Treasury and Capital Risk function is responsible for the management and governance of the liquidity risk mandate, as defined by the Barclays Bank PLC Board. The framework established by Treasury and Capital Risk is designed to deliver the appropriate term and structure of funding, consistent with the liquidity risk appetite set by the Barclays Bank PLC Board. The framework incorporates a range of ongoing business management tools to monitor, limit and stress test the Barclays Bank PLC balance sheet, contingent liabilities and recovery plan. Limit setting and transfer pricing are tools that are designed to control the level of liquidity risk taken and drive the appropriate mix of funds. Adherence to limits reduces the likelihood that a liquidity stress event could lead to an inability to meet the Barclays Bank Group’s obligations as they fall due. The Barclays Bank PLC Board approves the Barclays Bank PLC funding plan, internal stress tests, regulatory stress tests, recovery plan and liquidity risk appetite. Barclays Bank PLC’s Treasury Committee is responsible for monitoring and managing liquidity risk in line with Barclays Bank PLC’s funding management objectives, funding plan and risk appetite. The Barclays Group Treasury and Capital Risk Committee monitors and reviews the liquidity risk profile and control environment, providing second line oversight of the management of liquidity risk. The Barclays Bank PLC Board Risk Committee reviews the risk profile, and reviews liquidity risk appetite at least annually and the impact of stress scenarios on Barclays Bank PLC’s funding plan/forecast in order to agree risk appetite in line with Barclays Bank PLC’s projected funding abilities. Capital risk management (audited) Overview Capital risk is managed through ongoing monitoring and management of the capital position, regular stress testing and a robust capital governance framework. The objectives of the framework are to maintain adequate capital for the Barclays Bank Group and its legal entities to withstand the impact of the risks that may arise under normal and stressed conditions, and maintain adequate capital to cover current and forecast business needs and associated risks to provide a viable and sustainable business offering. Organisation, roles and responsibilities Treasury has the primary responsibility for managing and monitoring capital adequacy. The Barclays Bank Group Treasury and Capital Risk function provides oversight of capital risk. Production of the Barclays Bank PLC Internal Capital Adequacy Assessment Process (ICAAP) is the responsibility of Treasury. Capital risk management is underpinned by a control framework and policy. The capital management strategy, outlined in the relevant legal entity capital plans, is developed in alignment with the control framework and policy for capital risk, and is implemented consistently in order to deliver on the Barclays Bank Group’s objectives, which are aligned to those of the Barclays Group. The Barclays Bank PLC Board approves the Barclays Bank PLC capital plan, internal stress tests and results of regulatory stress tests and those of the relevant Barclays Bank Group entities. The Barclays PLC Board also approves the Barclays Group recovery plan which takes into account management actions identified at the Barclays Bank Group level. The Barclays Bank PLC Treasury Committee together with the Barclays Group Treasury Committee are responsible for monitoring and managing capital risk in line with Barclays Bank Group’s capital management objectives, capital plan and risk frameworks. The BRC monitors and reviews the capital risk profile and control environment, providing second line oversight of the management of capital risk. For the relevant Barclays Bank Group subsidiaries, local management assures compliance with an entity’s minimum regulatory capital requirements by reporting to local Asset and Liability Committees (or equivalents) with oversight by the Barclays Bank PLC Treasury Committee and the Barclays Group Treasury Committee, as required. In 2022, Barclays complied with all regulatory minimum capital requirements. Pension risk The Barclays Bank Group maintains a number of defined benefit pension schemes for past and current employees. The ability of schemes to meet pension payments is achieved with investments and contributions. Pension risk arises because the market value of pension fund assets might decline; investment returns might reduce; or the estimated value of pension liabilities might increase. The Barclays Bank Group monitors the pension risks arising from its defined benefit pension schemes and works with the relevant pension fund’s trustees to address shortfalls. In these circumstances the Barclays Bank Group could be required or might choose to make extra contributions to the pension fund. The Barclays Bank Group’s main defined benefit scheme was closed to new entrants in 2012. Maximum exposure and effect of netting, collateral and risk transfer (audited) Maximum exposure Netting and set-off Cash collateral Non-cash collateral Risk transfer Net exposure Barclays Bank Group As at 31 December 2022 £m £m £m £m £m £m On-balance sheet: Cash and balances at central banks 202,142 — — — — 202,142 Cash collateral and settlement balances 107,862 — — — — 107,862 Loans and advances at amortised cost: Home loans 11,405 — (328) (10,948) (98) 31 Credit cards, unsecured loans and other retail lending 34,162 — (1,164) (3,748) (243) 29,007 Wholesale loans 136,940 (4,442) (653) (49,681) (5,527) 76,637 Total loans and advances at amortised cost 182,507 (4,442) (2,145) (64,377) (5,868) 105,675 Of which credit-impaired (Stage 3): Home loans 622 — (1) (621) — — Credit cards, unsecured loans and other retail lending 670 — (29) (291) (3) 347 Wholesale loans 640 — (6) (188) (60) 386 Total credit-impaired loans and advances at amortised cost 1,932 — (36) (1,100) (63) 733 Reverse repurchase agreements and other similar secured lending 725 — — (725) — — Trading portfolio assets: Debt securities 55,430 — — (530) — 54,900 Traded loans 13,198 — — (250) (48) 12,900 Total trading portfolio assets 68,628 — — (780) (48) 67,800 Financial assets at fair value through the income statement: Loans and advances 38,190 — (17) (30,061) (9) 8,103 Debt securities 3,217 — — (321) — 2,896 Reverse repurchase agreements 164,698 — (3,672) (160,365) — 661 Other financial assets 89 — — — — 89 Total financial assets at fair value through the income statement 206,194 — (3,689) (190,747) (9) 11,749 Derivative financial instruments 302,976 (238,062) (34,496) (11,424) (7,275) 11,719 Financial assets at fair value through other comprehensive income 45,083 — — (222) (514) 44,347 Other assets 1,503 — — — — 1,503 Total on-balance sheet 1,117,620 (242,504) (40,330) (268,275) (13,714) 552,797 Off-balance sheet: Contingent liabilities 25,800 — (1,295) (1,596) (280) 22,629 Loan commitments 334,977 — (93) (37,371) (1,624) 295,889 Total off-balance sheet 360,777 — (1,388) (38,967) (1,904) 318,518 Total 1,478,397 (242,504) (41,718) (307,242) (15,618) 871,315 Off-balance sheet exposures are shown gross of provisions of £532m (2021: £499m). See Note 24 for further details. In addition to the above, Barclays Bank Group holds forward starting reverse repos amounting to £48.4bn (2021: £39.3bn). The balances are fully collateralised. Wholesale loans and advances at amortised cost include £0.6bn (2021: £1.0bn) of CBILs and CLBILs supported by UK government guarantees of £0.5bn (2021: £0.8bn). For further information on credit risk mitigation techniques, refer to the Credit risk management section. Maximum exposure and effects of netting, collateral and risk transfer (audited) Maximum exposure Netting and set-off Cash collateral Non-cash collateral Risk transfer Net exposure Barclays Bank Group As at 31 December 2021 £m £m £m £m £m £m On-balance sheet: Cash and balances at central banks 169,085 — — — — 169,085 Cash collateral and settlement balances 88,085 — — — — 88,085 Loans and advances at amortised cost: Home loans 10,985 — (338) (10,483) (89) 75 Credit cards, unsecured loans and other retail lending 25,960 — (968) (4,229) (252) 20,511 Wholesale loans 108,314 (5,001) (118) (30,287) (5,080) 67,828 Total loans and advances at amortised cost 145,259 (5,001) (1,424) (44,999) (5,421) 88,414 Of which credit-impaired (Stage 3): Home loans 615 — (11) (604) — — Credit cards, unsecured loans and other retail lending 563 — (29) (217) (3) 314 Wholesale loans 486 — 0 (76) (22) 388 Total credit-impaired loans and advances at amortised cost 1,664 — (40) (897) (25) 702 Reverse repurchase agreements and other similar secured lending 3,177 — — (3,177) — — Trading portfolio assets: Debt securities 50,700 — — (461) — 50,239 Traded loans 12,525 — — (268) — 12,257 Total trading portfolio assets 63,225 — — (729) — 62,496 Financial assets at fair value through the income statement: Loans and advances 35,901 — — (29,485) — 6,416 Debt securities 2,256 — — (319) — 1,937 Reverse repurchase agreements 145,186 — (1,428) (143,229) — 529 Other financial assets 85 — — — — 85 Total financial assets at fair value through the income statement 183,428 — (1,428) (173,033) — 8,967 Derivative financial instruments 262,291 (202,347) (34,149) (5,804) (5,738) 14,253 Financial assets at fair value through other comprehensive income 45,907 — — (53) (931) 44,923 Other assets 994 — — — — 994 Total on-balance sheet 961,451 (207,348) (37,001) (227,795) (12,090) 477,217 Off-balance sheet: Contingent liabilities 23,746 — (906) (1,367) (256) 21,217 Loan commitments 284,451 — (99) (40,104) (1,627) 242,621 Total off-balance sheet 308,197 — (1,005) (41,471) (1,883) 263,838 Total 1,269,648 (207,348) (38,006) (269,266) (13,973) 741,055 Loans and advances at amortised cost by product The table below presents a breakdown of loans and advances at amortised cost and the impairment allowance with stage allocation by asset classification. Impairment allowance under IFRS 9 considers both the drawn and the undrawn counterparty exposure. For retail portfolios, the total impairment allowance is allocated to the gross loans and advances to the extent that the allowance does not exceed the drawn exposure and any excess is reported on the liability side of the balance sheet as a provision. For wholesale portfolios the impairment allowance on the undrawn exposure is reported on the liability side of the balance sheet as a provision . Barclays Bank Group (audited) Stage 2 As at 31 December 2022 Stage 1 Not past due <=30 days past due >30 days past due Total Stage 3 Total a Gross exposure £m £m £m £m £m £m £m Home loans 10,458 310 11 41 362 978 11,798 Credit cards, unsecured loans and other retail lending 30,501 3,799 291 496 4,586 1,674 36,761 Wholesale loans 122,849 13,763 145 93 14,001 918 137,768 Total 163,808 17,872 447 630 18,949 3,570 186,327 Impairment allowance Home loans 12 22 2 1 25 356 393 Credit cards, unsecured loans and other retail lending 393 939 92 171 1,202 1,004 2,599 Wholesale loans 288 256 5 1 262 278 828 Total 693 1,217 99 173 1,489 1,638 3,820 Net exposure Home loans 10,446 288 9 40 337 622 11,405 Credit cards, unsecured loans and other retail lending 30,108 2,860 199 325 3,384 670 34,162 Wholesale loans 122,561 13,507 140 92 13,739 640 136,940 Total 163,115 16,655 348 457 17,460 1,932 182,507 Coverage ratio % % % % % % % Home loans 0.1 7.1 18.2 2.4 6.9 36.4 3.3 Credit cards, unsecured loans and other retail lending 1.3 24.7 31.6 34.5 26.2 60.0 7.1 Wholesale loans 0.2 1.9 3.4 1.1 1.9 30.3 0.6 Total 0.4 6.8 22.1 27.5 7.9 45.9 2.1 As at 31 December 2021 Gross exposure £m £m £m £m £m £m £m Home loans 9,760 548 22 83 653 958 11,371 Credit cards, unsecured loans and other retail lending 24,011 2,402 198 182 2,782 1,469 28,262 Wholesale loans 95,242 12,275 301 386 12,962 921 109,125 Total 129,013 15,225 521 651 16,397 3,348 148,758 Impairment allowance Home loans 8 33 1 1 35 343 386 Credit cards, unsecured loans and other retail lending 605 677 39 75 791 906 2,302 Wholesale loans 183 188 3 2 193 435 811 Total 796 898 43 78 1,019 1,684 3,499 Net exposure Home loans 9,752 515 21 82 618 615 10,985 Credit cards, unsecured loans and other retail lending 23,406 1,725 159 107 1,991 563 25,960 Wholesale loans 95,059 12,087 298 384 12,769 486 108,314 Total 128,217 14,327 478 573 15,378 1,664 145,259 Coverage ratio % % % % % % % Home loans 0.1 6.0 4.5 1.2 5.4 35.8 3.4 Credit cards, unsecured loans and other retail lending 2.5 28.2 19.7 41.2 28.4 61.7 8.1 Wholesale loans 0.2 1.5 1.0 0.5 1.5 47.2 0.7 Total 0.6 5.9 8.3 12.0 6.2 50.3 2.4 Note a. Other financial assets subject to impairment excluded in the table above include cash collateral and settlement balances, financial assets at fair value through other comprehensive income, accrued income and sundry debtors. These have a total gross exposure of £155.1bn (2021: £135.5bn) and impairment allowance of £152m (2021: £104m). This comprises £7m (2021: £4m) ECL on £153.8bn (2021: £135.3bn) Stage 1 assets, £8m (2021: £0m) on £1,142m (2021: £65m) Stage 2 fair value through other comprehensive income assets, cash collateral and settlement assets and £137m (2021: £100m) on £141m (2021: £100m) Stage 3 other assets. Loan commitments and financial guarantee contracts have total ECL of £532m (2021: £499m). Movement in gross exposures and impairment allowance including provisions for loan commitments and financial guarantees The following tables present a reconciliation of the opening to the closing balance of the exposure and impairment allowance. An explanation of the methodology used to determine credit impairment provisions is included on pages 137 Loans and advances at amortised cost (audited) Stage 1 Stage 2 Stage 3 Total Barclays Bank Group Gross ECL Gross ECL Gross ECL Gross ECL £m £m £m £m £m £m £m £m Home loans As at 1 January 2022 9,760 8 653 35 958 343 11,371 386 Transfers from Stage 1 to Stage 2 (179) — 179 — — — — — Transfers from Stage 2 to Stage 1 393 16 (393) (16) — — — — Transfers to Stage 3 (192) — (39) (4) 231 4 — — Transfers from Stage 3 18 1 33 3 (51) (4) — — Business activity in the year a 1,887 5 — — — — 1,887 5 Refinements to models used for calculation — — — — — — — — Net drawdowns, repayments, net re-measurement and movements due to exposure and risk parameter changes (131) (17) (7) 8 8 39 (130) 30 Final repayments b (1,098) (1) (64) (1) (145) (3) (1,307) (5) Disposals — — — — — — — — Write-offs c — — — — (23) (23) (23) (23) As at 31 December 2022 d 10,458 12 362 25 978 356 11,798 393 Credit cards, unsecured loans and other retail lending As at 1 January 2022 24,011 605 2,782 791 1,469 906 28,262 2,302 Transfers from Stage 1 to Stage 2 (2,009) (40) 2,009 40 — — — — Transfers from Stage 2 to Stage 1 1,046 218 (1,046) (218) — — — — Transfers to Stage 3 (456) (14) (404) (166) 860 180 — — Transfers from Stage 3 51 11 8 5 (59) (16) — — Business activity in the year a 7,668 138 319 113 126 101 8,113 352 Refinements to models used for calculation e — 43 — 187 — 96 — 326 Net drawdowns, repayments, net re-measurement and movements due to exposure and risk parameter changes 3,236 (545) 1,182 473 155 453 4,573 381 Final repayments b (2,887) (19) (235) (12) (150) (11) (3,272) (42) Disposals f (159) (4) (29) (11) (48) (26) (236) (41) Write-offs c — — — — (679) (679) (679) (679) As at 31 December 2022 d 30,501 393 4,586 1,202 1,674 1,004 36,761 2,599 Wholesale loans As at 1 January 2022 95,242 183 12,962 193 921 435 109,125 811 Transfers from Stage 1 to Stage 2 (3,684) (7) 3,684 7 — — — — Transfers from Stage 2 to Stage 1 4,573 44 (4,573) (44) — — — — Transfers to Stage 3 (254) (1) (207) (5) 461 6 — — Transfers from Stage 3 55 6 29 1 (84) (7) — — Business activity in the year a 34,522 55 3,956 80 9 6 38,487 141 Refinements to models used for calculation e — 2 — (24) — — — (22) Net drawdowns, repayments, net re-measurement and movements due to exposure and risk parameter changes 21,238 39 1,738 95 28 204 23,004 338 Final repayments b (27,331) (33) (3,557) (41) (93) (44) (30,981) (118) Disposals f (1,512) — (31) — (49) (47) (1,592) (47) Write-offs c — — — — (275) (275) (275) (275) As at 31 December 2022 d 122,849 288 14,001 262 918 278 137,768 828 Notes a. Business activity in the year does not include additional drawdowns on the existing facility which are reported under 'Net drawdowns, repayments, net re-measurement and movements due to exposure and risk parameter changes'. Business activity reported within Credit cards, unsecured loans and other retail lending portfolio includes the Gap portfolio acquisition in US cards of £2.7bn. b. Final repayments include repayment from the facility closed during the year whereas partial repayments from existing facility are reported under 'Net drawdowns, repayments, net remeasurement and movements due to exposure and risk parameter changes'. c. In 2022, gross write-offs amounted to £977m (2021: £1,158m) and post write-off recoveries amounted to £33m (2021: £31m). Net write-offs represent gross write-offs less post write-off recoveries and amounted to £944m (2021: £1,127m). d. Other financial assets subject to impairment excluded in the table above include cash collateral and settlement balances, financial assets at fair value through other comprehensive income, accrued income and sundry debtors. These have a total gross exposure of £155.1bn (2021: £135.5bn) and impairment allowance of £152m (2021: £104m). This comprises £7m (2021: £4m) ECL on £153.8bn (2021: £135.3bn) Stage 1 assets, £8m (2021: £0m) on £1,142m (2021: £65m) Stage 2 fair value through other comprehensive income assets, cash collateral and settlement assets and £137m (2021: £100m) on £141m (2021: £100m) Stage 3 other assets. e. Refinements to models used for calculation include £326m in Credit cards, unsecured loans and other retail lending and £(22)m in Wholesale loans. These reflect model enhancements made during the year. Barclays Bank Group continually reviews the output of models to determine accuracy of the ECL calculation including review of model monitoring, external benchmarking and experience of model operation over an extended period of time. This ensures that the models used continue to reflect the risks inherent across the businesses. f. The £0.2bn of disposals reported within Credit cards, unsecured loans and other retail lending portfolio relate to debt sales undertaken during the year. The £1.6bn of disposals reported within Wholesale loans include sale of debt securities as part of Group Treasury operations. Reconciliation of ECL movement to credit impairment charge/(release) for the period Stage 1 Stage 2 Stage 3 Total £m £m £m £m Home loans 4 (10) 36 30 Credit cards, unsecured loans and other retail lending (208) 422 803 1,017 Wholesale loans 105 69 165 339 ECL movement excluding assets derecognised due to disposals and write-offs (99) 481 1,004 1,386 ECL movement on loan commitments and financial guarantees 31 1 1 33 ECL movement on other financial assets a 3 8 37 48 Recoveries and reimbursements b (121) (61) (46) (228) Total exchange and other adjustments c (306) Total credit impairment charge for the year 933 Notes a. Other financial assets subject to impairment excluded in the table above include cash collateral and settlement balances, financial assets at fair value through other comprehensive income, accrued income and sundry debtors. These have a total gross exposure of £155.1bn (2021: £135.5bn) and impairment allowance of £152m (2021: £104m). This comprises £7m (2021: £4m) ECL on £153.8bn (2021: £135.3bn) Stage 1 assets, £8m (2021: £0m) on £1,142m (2021: £65m) Stage 2 fair value through other comprehensive income assets, cash collateral and settlement assets and £137m (2021: £100m) on £141m (2021: £100m) Stage 3 other assets. b. Recoveries and reimbursements includes £195m of reimbursements expected to be received under the arrangement where Barclays Bank Group has entered into financial guarantee contracts which provide credit protec |
Significant accounting policies
Significant accounting policies | 12 Months Ended |
Dec. 31, 2022 | |
Disclosure of objectives, policies and processes for managing capital [abstract] | |
Significant accounting policies | Significant accounting policies 1. Reporting entity Barclays Bank PLC is a public company limited by shares registered in England under company number 1026167, having its registered office at 1 Churchill Place, London, E14 5HP. These financial statements are prepared for Barclays Bank PLC and its subsidiaries (the Barclays Bank Group) under Section 399 of the Companies Act 2006. The Barclays Bank Group is a major global financial services provider engaged in credit cards, wholesale banking, investment banking, wealth management and investment management services. In addition, separate financial statements have been presented for the holding company. 2. Compliance with International Financial Reporting Standards The consolidated financial statements of the Barclays Bank Group, and the separate financial statements of Barclays Bank PLC, have been prepared in accordance with UK-adopted international accounting standards. The consolidated financial statements of the Barclays Bank Group, and the separate financial statements of Barclays Bank PLC, have also been prepared in accordance with (1) International Financial Reporting Standards (IFRS) as issued by the International Accounting Standards Board (IASB), including interpretations issued by the IFRS Interpretations Committee, as there are no applicable differences from IFRS as issued by the IASB for the periods presented; and (2) IFRS adopted pursuant to Regulation (EC) No. 1606/2002 as it applies in the European Union (“IFRS as adopted by the EU”). There are currently no differences between UK-adopted international accounting standards and IFRS as adopted by the EU and therefore no reconciliation of variances is provided. The principal accounting policies applied in the preparation of the consolidated and separate financial statements are set out below, and in the relevant notes to the financial statements. These policies have been consistently applied. 3. Basis of preparation The consolidated and separate financial statements have been prepared under the historical cost convention modified to include the fair valuation of investment property, and particular financial instruments, to the extent required or permitted under IFRS as set out in the relevant accounting policies. The financial statements are stated in millions of Pounds Sterling (£m), the functional currency of Barclays Bank PLC. The financial statements have been prepared on a going concern basis, in accordance with the Companies Act 2006 as applicable to companies using IFRS. The financial statements are prepared on a going concern basis as the Board is satisfied that the Barclays Bank Group and parent company have the resources to continue in business for a period of at least 12 months from approval of the financial statements. In making this assessment, the Board has considered a wide range of information relating to present and future conditions and has reviewed of a working capital report (WCR). The WCR is used by the Board to assess the future performance of the Barclays Bank Group and whether it has the resources in place that are required to meet its ongoing regulatory requirements. The WCR assessment is based upon business plans which contain future forecasts of profitability taken from the Barclays Bank Group’s medium term plan as well as projections of regulatory capital requirements and business funding needs. The WCR also includes an assessment of the impact of internally generated stress testing scenarios on the liquidity and capital requirement forecasts. The stress tests used were based upon an assessment of reasonably possible downside economic scenarios that the Barclays Bank Group could experience. The WCR showed that the Barclays Bank Group had sufficient capital and liquidity in place to support its future business requirements and remained above its regulatory minimum requirements in the stress scenarios. Accordingly, the Board concluded that there was a reasonable expectation that the Barclays Bank Group has adequate resources to continue as a going concern for a period of at least 12 months from the date of approval of the financial statements. 4. Accounting policies The Barclays Bank Group prepares financial statements in accordance with IFRS. The Barclays Bank Group’s significant accounting policies relating to specific financial statement items, together with a description of the accounting estimates and judgements that were critical to preparing those items, are set out under the relevant notes. Accounting policies that affect the financial statements as a whole are set out below. (i) Consolidation The Barclays Bank Group applies IFRS 10 Consolidated financial statements . The consolidated financial statements combine the financial statements of Barclays Bank PLC and all its subsidiaries. Subsidiaries are entities over which Barclays Bank PLC has control. The Barclays Bank Group has control over another entity when the Barclays Bank Group has all of the following: 1) power over the relevant activities of the investee, for example through voting or other rights 2) exposure to, or rights to, variable returns from its involvement with the investee and 3) the ability to affect those returns through its power over the investee. The assessment of control is based on the consideration of all facts and circumstances. The Barclays Bank Group reassesses whether it controls an investee if facts and circumstances indicate that there are changes to one or more of the three elements of control. Intra-group transactions and balances are eliminated on consolidation. Consistent accounting policies are used throughout the Barclays Bank Group for the purposes of the consolidation. Changes in ownership interests in subsidiaries are accounted for as equity transactions if they occur after control has already been obtained and they do not result in loss of control. As the consolidated financial statements include partnerships where the Barclays Bank Group member is a partner, advantage has been taken of the exemption under Regulation 7 of the Partnership (Accounts) Regulations 2008 with regard to preparing and filing of individual partnership financial statements. Details of the principal subsidiaries are given in Note 32. (ii) Foreign currency translation The Barclays Bank Group applies IAS 21T he Effects of Changes in Foreign Exchange Rates . Transactions in foreign currencies are translated into Sterling at the rate ruling on the date of the transaction. Foreign currency monetary balances are translated into Sterling at the period end exchange rates. Exchange gains and losses on such balances are taken to the income statement. Non-monetary foreign currency balances in relation to items measured in terms of historical cost are carried at historical transaction date exchange rates. Non-monetary foreign currency balances in relation to items measured at fair value are translated using the exchange rate at the date when the fair value was measured. The Barclays Bank Group’s foreign operations (including subsidiaries, joint ventures, associates and branches) based mainly outside the UK may have different functional currencies. The functional currency of an operation is the currency of the main economy to which it is exposed. Prior to consolidation (or equity accounting) the assets and liabilities of non-Sterling operations are translated at the period end exchange rate and items of income, expense and other comprehensive income are translated into Sterling at the rate on the date of the transactions. Exchange differences arising on the translation of foreign operations are included in currency translation reserves within equity. These are transferred to the income statement when the Barclays Bank Group disposes of the entire interest in a foreign operation, when partial disposal results in the loss of control of an interest in a subsidiary, when an investment previously accounted for using the equity method is accounted for as a financial asset, or on the disposal of a foreign operation within a branch. (iii) Financial assets and liabilities The Barclays Bank Group applies IFRS 9 Financial Instruments to the recognition, classification and measurement, and derecognition of financial assets and financial liabilities and the impairment of financial assets. The Barclays Bank Group applies the requirements of IAS 39 Financial Instruments: Recognition and Measurement for hedge accounting purposes. Recognition The Barclays Bank Group recognises financial assets and liabilities when it becomes a party to the terms of the contract. Trade date or settlement date accounting is applied depending on the classification of the financial asset. Classification and measurement Financial assets are classified on the basis of two criteria: i) the business model within which financial assets are managed; and ii) their contractual cash flow characteristics (whether the cash flows represent ‘solely payments of principal and interest’ (SPPI)). The Barclays Bank Group assesses the business model criteria at a portfolio level. Information that is considered in determining the applicable business model includes (i) policies and objectives for the relevant portfolio, (ii) how the performance and risks of the portfolio are managed, evaluated and reported to management, and (iii) the frequency, volume and timing of sales in prior periods, sales expectation for future periods, and the reasons for such sales. The contractual cash flow characteristics of financial assets are assessed with reference to whether the cash flows represent SPPI. In assessing whether contractual cash flows are SPPI compliant, interest is defined as consideration primarily for the time value of money and the credit risk of the principal outstanding. The time value of money is defined as the element of interest that provides consideration only for the passage of time and not consideration for other risks or costs associated with holding the financial asset. Terms that could change the contractual cash flows so that it would not meet the condition for SPPI are considered, including: (i) contingent and leverage features, (ii) non-recourse arrangements and (iii) features that could modify the time value of money. Financial assets are measured at amortised cost if they are held within a business model whose objective is to hold financial assets in order to collect contractual cash flows, and their contractual cash flows represent SPPI. Financial assets are measured at fair value through other comprehensive income if they are held within a business model whose objective is achieved by both collecting contractual cash flows and selling financial assets, and their contractual cash flows represent SPPI. Other financial assets are measured at fair value through profit and loss. There is an option to make an irrevocable election on initial recognition for non traded equity investments to be measured at fair value through other comprehensive income, in which case dividends are recognised in profit or loss, but gains or losses are not reclassified to profit or loss upon derecognition, and the impairment requirements of IFRS 9 do not apply. The accounting policy for each type of financial asset or liability is included within the relevant note for the item. The Barclays Bank Group’s policies for determining the fair values of the assets and liabilities are set out in Note 16. Derecognition The Barclays Bank Group derecognises a financial asset, or a portion of a financial asset, from its balance sheet where (i) the contractual rights to cash flows from the asset have expired, or (ii) the contractual rights to the cash flows from the asset have been transferred (usually by sale) and with them either (a) substantially all the risks and rewards of the asset have been transferred, or (b) where neither substantially all the risks and rewards have been transferred or retained, where control over the asset has been lost. Financial liabilities are de-recognised when the liability has been settled, has expired or has been extinguished. An exchange of an existing financial liability for a new liability with the same lender on substantially different terms – generally a difference of 10% or more in the present value of the cash flows or a substantive qualitative amendment – is accounted for as an extinguishment of the original financial liability and the recognition of a new financial liability. Transactions in which the Barclays Bank Group transfers assets and liabilities, portions of them, or financial risks associated with them can be complex and it may not be obvious whether substantially all of the risks and rewards have been transferred. It is often necessary to perform a quantitative analysis. Such an analysis compares the Barclays Bank Group’s exposure to variability in asset cash flows before the transfer with its retained exposure after the transfer. A cash flow analysis of this nature may require judgement. In particular, it is necessary to estimate the asset’s expected future cash flows as well as potential variability around this expectation. The method of estimating expected future cash flows depends on the nature of the asset, with market and market-implied data used to the greatest extent possible. The potential variability around this expectation is typically determined by stressing underlying parameters to create reasonable alternative upside and downside scenarios. Probabilities are then assigned to each scenario. Stressed parameters may include default rates, loss severity, or prepayment rates. Accounting for reverse repurchase and repurchase agreements including other similar lending and borrowing Reverse repurchase agreements (and stock borrowing or similar transactions) are a form of secured lending whereby the Barclays Bank Group provides a loan or cash collateral in exchange for the transfer of collateral, generally in the form of marketable securities subject to an agreement to transfer the securities back at a fixed price in the future. Repurchase agreements are where the Barclays Bank Group obtains such loans or cash collateral, in exchange for the transfer of collateral. The Barclays Bank Group purchases (a reverse repurchase agreement) or borrows securities subject to a commitment to resell or return them. The securities are not included in the balance sheet as the Barclays Bank Group does not acquire the risks and rewards of ownership. Consideration paid (or cash collateral provided) is accounted for as a loan asset at amortised cost, unless it is designated or mandatorily at fair value through profit and loss. The Barclays Bank Group may also sell (a repurchase agreement) or lend securities subject to a commitment to repurchase or redeem them. The securities are retained on the balance sheet as the Barclays Bank Group retains substantially all the risks and rewards of ownership. Consideration received (or cash collateral provided) is accounted for as a financial liability at amortised cost, unless it is designated at fair value through profit and loss. (iv) Issued debt and equity instruments The Barclays Bank Group applies IAS 32, Financial Instruments: Presentation , to determine whether funding is either a financial liability (debt) or equity. Issued financial instruments or their components are classified as liabilities if the contractual arrangement results in the Barclays Bank Group having an obligation to either deliver cash or another financial asset, or a variable number of equity shares, to the holder of the instrument. If this is not the case, the instrument is generally an equity instrument and the proceeds included in equity, net of transaction costs. Dividends and other returns to equity holders are recognised when paid or declared by the members at the Annual General Meeting and treated as a deduction from equity. Where issued financial instruments contain both liability and equity components, these are accounted for separately. The fair value of the debt is estimated first and the balance of the proceeds is included within equity. (v) Changes in the basis for determining contractual cash flows resulting from interest rate benchmark reform A change in the basis for determining the contractual cash flows of a financial instrument that is required by interest rate benchmark reform is accounted for by updating the effective interest rate, without the recognition of an immediate gain or loss. This practical expedient is only applied where (1) the change to the contractual cash flows is necessary as a direct consequence of the reform and (2) the new basis for determining the contractual cash flows is economically equivalent to the previous basis. For changes made in addition to those required by the interest rate benchmark reform, the practical expedient is applied first, after which the normal IFRS 9 requirements for modifications of financial instruments is applied. Refer to Note 13 for further details regarding hedge accounting policies in respect of interest rate benchmark reform. Refer to Note 40 for further disclosure related to interest rate benchmark reform. (vi) Cash flow statement Cash comprises cash on hand and balances at central banks. Cash equivalents comprise loans and advances to banks, cash collateral balances with central banks related to payment schemes and treasury and other eligible bills, all with original maturities of three months or less. Repurchase and reverse repurchase agreements are not considered to be part of cash equivalents. Investments in debt securities at amortised cost, presented within loans and advances on the balance sheet, are deemed to be investing activities for the purposes of the cash flow statement, except those instruments considered to be cash equivalents. 5. New and amended standards and interpretations The accounting policies adopted have been consistently applied. Future accounting developments The following accounting standards have been issued by the IASB but are not yet effective: IFRS 17 – Insurance contracts In May 2017, the IASB issued IFRS 17 Insurance Contracts, a comprehensive new accounting standard for insurance contracts covering recognition and measurement, presentation and disclosure. IFRS 17 will replace IFRS 4 Insurance Contracts that was issued in 2005. In June 2020, the IASB published amendments to IFRS 17, to include scope exclusion for certain credit card contracts and similar contracts that provide insurance coverage, the optional scope exclusion for loan contracts that transfer significant insurance risk, and the clarification that only financial guarantees issued are in scope of IFRS 9. IFRS 17 applies to all types of insurance contracts (i.e. life, non-life, direct insurance and re-insurance), regardless of the type of entities that issue them, as well as to certain guarantees and financial instruments with discretionary participation features. A few scope exceptions will apply. IFRS 17 is effective for accounting periods beginning on or after 1 January 2023. The Barclays Bank Group does not expect the impact of IFRS 17 to be material. Classification of Liabilities as Current or Non-current (Amendments to IAS 1) In January 2020 the IASB issued amendments to IAS 1 to clarify the presentation of liabilities in the balance sheet, with an effective date of 1 January 2024. The amendments clarify that a liability should be classified as non-current only if the entity has the right to defer settlement of the liability for at least 12 months after the reporting period, and that (i) the right to defer settlement must exist at the end of the reporting period and (ii) management’s intentions or expectations about whether it will exercise its right to defer settlement does not affect the classification. Further clarifications include how lending conditions affect classification and classification of liabilities the entity will or may settle by issuing its own equity instruments. In October 2022, the IASB also issued further amendments to IAS 1 to improve the information an entity provides when its right to defer settlement of a liability for at least twelve months is subject to compliance with covenants, and to respond to stakeholders’ concerns about the classification of such a liability as current or non-current. Disclosure of Accounting Policies - Amendments to IAS 1 and IFRS Practice Statement 2 In February 2021 the IASB issued amendments to IAS 1 that require entities to disclose their material accounting policies rather than their significant accounting policies. The amendments to IFRS Practice Statement 2 provide guidance on the concept of materiality and its application to accounting policy information. Under the amendments, accounting policy information is material if, when considered together with other information included in an entity’s financial statements, it can reasonably be expected to influence decisions that the primary users of general purpose financial statements make on the basis of those financial statements. The amendments are effective for annual periods beginning on or after 1 January 2023, and will be applied from that date. Definition of Accounting Estimate - Amendments to IAS 8 In February 2021 the IASB issued amendments to IAS 8 that replace the definition of a change in accounting estimates with a definition of accounting estimates. Under the new definition, accounting estimates are clarified as monetary amounts in financial statements that are subject to measurement uncertainty. Where an entity's accounting policy requires an item to be measured at monetary amounts that cannot be observed directly, it should develop an accounting estimate to achieve this objective. The amendments are effective for annual periods beginning on or after 1 January 2023, and will be applied from that date. 6. Critical accounting estimates and judgements The preparation of financial statements in accordance with IFRS requires the use of estimates. It also requires management to exercise judgement in applying the accounting policies. The key areas involving a higher degree of judgement or complexity or areas where assumptions are significant to the consolidated and individual financial statements are highlighted under the relevant note. Critical accounting estimates and judgements are disclosed in: ▪ Credit impairment charges on pages 137 ▪ Tax on pages 141 ▪ Fair value of financial instruments on pages 155 ▪ Pensions and post-retirement benefit obligations on pages 188 ▪ Provisions including conduct and legal, competition and regulatory matters on pages 173 7. Other disclosures To improve transparency and ease of reference, by concentrating related information in one place, certain disclosures required under IFRS have been included within the Risk review section as follows: ▪ Credit risk on pages 45 ▪ Market risk on page 46 85 ▪ Treasury and capital risk – capital on pages 47 95 ▪ Treasury and capital risk – liquidity on pages 47 89 These disclosures are covered by the Audit opinion (included on pages 114 to 116) where referenced as audited. |
Segmental reporting
Segmental reporting | 12 Months Ended |
Dec. 31, 2022 | |
Disclosure of operating segments [abstract] | |
Segmental reporting | Segmental reporting Presentation of segmental reporting The Barclays Bank Group’s segmental reporting is in accordance with IFRS 8 Operating Segments . Operating segments are reported in a manner consistent with the internal reporting provided to the Executive Committee, which is responsible for allocating resources and assessing performance of the operating segments, and has been identified as the chief operating decision maker. All transactions between business segments are conducted on an arm’s-length basis, with intra-segment revenue and costs being eliminated in Head Office. Income and expenses directly associated with each segment are included in determining business segment performance. The Barclays Bank Group divisions have been, for segmental reporting purposes, defined as Corporate and Investment Bank and Consumer, Cards and Payments. ▪ Corporate and Investment Bank which includes the Global Markets, Investment Banking and Corporate Banking businesses. ▪ Consumer, Cards and Payments which includes the International Cards and Consumer Bank, Private Bank and Payments businesses. The below table also includes Head Office which comprises head office and certain central support functions including the Barclays Bank Group service company full time equivalent employees. Analysis of results by business Corporate and Consumer, Cards Head Barclays Bank £m £m £m £m For the year ended 31 December 2022 Total income 13,722 4,547 (75) 18,194 Operating expenses (8,011) (2,800) (160) (10,971) Litigation and conduct (1,189) (230) (8) (1,427) Total operating expenses (9,200) (3,030) (168) (12,398) Other net income a 3 1 — 4 Profit before impairment 4,525 1,518 (243) 5,800 Credit impairment charges (119) (814) — (933) Profit/(loss) before tax 4,406 704 (243) 4,867 Total assets (£bn) 1,111.2 79.9 12.4 1,203.5 Number of employees (full time equivalent) 8,000 2,900 11,000 21,900 Average number of employees (full time equivalent) 21,100 Corporate and Investment Bank Consumer, Cards Head Barclays Bank £m £m £m £m For the year ended 31 December 2021 Total income 12,481 3,337 (410) 15,408 Operating expenses (7,169) (2,316) (400) (9,885) Litigation and conduct (237) (108) (29) (374) Total operating expenses (7,406) (2,424) (429) (10,259) Other net income/(expenses) a (8) 1 (1) (8) Profit before impairment 5,067 914 (840) 5,141 Credit impairment(charges)/releases 461 (185) 1 277 Profit/(loss) before tax 5,528 729 (839) 5,418 Total assets (£bn) 986.2 64.4 11.2 1,061.8 Number of employees (full time equivalent) 7,800 2,600 9,800 20,200 Average number of employees (full time equivalent) 20,300 Notes a Other net income/(expenses) represents the share of post-tax results of associates and joint ventures, and profit (or loss) on disposal of subsidiaries, associates and joint ventures. Corporate and Consumer, Cards Head Barclays Bank Group £m £m £m £m For the year ended 31 December 2020 Total income 12,607 3,490 (319) 15,778 Operating expenses (7,125) (2,132) (126) (9,383) Litigation and conduct (4) (44) (28) (76) Total operating expenses (7,129) (2,176) (154) (9,459) Other net income a 16 114 3 133 Profit before impairment 5,494 1,428 (470) 6,452 Credit impairment charges (1,565) (1,720) (92) (3,377) Profit/(loss) before tax 3,929 (292) (562) 3,075 Total assets (£bn) 990.9 57.8 11.0 1,059.7 Number of employees (full time equivalent) 7,800 3,000 10,100 20,900 Average number of employees (full time equivalent) 20,145 Note a Other net income/(expenses) represents the share of post-tax results of associates and joint ventures, and profit (or loss) on disposal of subsidiaries, associates and joint ventures. Income by geographic region b 2022 2021 2020 For the year ended 31 December £m £m £m United Kingdom 7,962 4,585 4,954 Europe 2,320 2,358 2,119 Americas 6,516 7,326 7,590 Africa and Middle East 63 45 37 Asia 1,333 1,094 1,078 Total 18,194 15,408 15,778 Income from individual countries which represent more than 5% of total income b 2022 2021 2020 For the year ended 31 December £m £m £m United Kingdom 7,962 4,585 4,954 United States 6,340 7,162 7,471 Note b The geographical analysis is based on the location of the office where the transactions are recorded. |
Net interest income
Net interest income | 12 Months Ended |
Dec. 31, 2022 | |
Analysis of income and expense [abstract] | |
Net interest income | Net interest income Accounting for interest income and expenses Interest income on loans and advances at amortised cost and financial assets at fair value through other comprehensive income, and interest expense on financial liabilities held at amortised cost, are calculated using the effective interest method which allocates interest, and direct and incremental fees and costs, over the expected lives of the assets and liabilities. The effective interest method requires the Barclays Bank Group to estimate future cash flows, in some cases based on its experience of customers’ behaviour, considering all contractual terms of the financial instrument, as well as the expected lives of the assets and liabilities. The Barclays Bank Group incurs certain costs to originate credit card balances with the most significant being co-brand partner fees. To the extent these costs are attributed to customers that continuously carry an outstanding balance (revolvers) and incremental to the origination of credit card balances, they are capitalised and subsequently included within the calculation of the effective interest rate. They are amortised to interest income over the period of expected repayment of the originated balance. Costs attributed to customers that settle their outstanding balances each period (transactors) are deferred on the balance sheet as a cost of obtaining a contract and amortised to fee and commission expense over the life of the customer relationship (refer to Note 4). There are no other individual estimates involved in the calculation of effective interest rates that are material to the results or financial position. 2022 2021 2020 £m £m £m Cash and balances at central banks 2,097 128 226 Loans and advances at amortised cost 7,454 4,265 4,510 Fair value through other comprehensive income 1,493 380 604 Negative interest on liabilities 208 248 68 Other 527 651 598 Interest and similar income 11,779 5,672 6,006 Deposits at amortised cost (3,104) (331) (644) Debt securities in issue (1,473) (413) (424) Subordinated liabilities (966) (934) (1,112) Negative interest on assets (208) (374) (325) Other (630) (547) (341) Interest and similar expense (6,381) (2,599) (2,846) Net interest income 5,398 3,073 3,160 Interest and similar income presented above represents interest revenue calculated using the effective interest method. Costs to originate credit card balances of £747m (2021: £623m; 2020: £687m) have been amortised to interest and similar income during the year. Interest and similar income includes £38m (2021: £7m; 2020: £9m) accrued on impaired loans. Other interest expense includes £18m (2021: £20m, 2020: £23m) relating to IFRS 16 lease interest expenses. |
Net fee and commission income
Net fee and commission income | 12 Months Ended |
Dec. 31, 2022 | |
Fee and commission income (expense) [abstract] | |
Net fee and commission income | Net fee and commission income Accounting for net fee and commission income The Barclays Bank Group applies IFRS 15 Revenue from Contracts with Customers. IFRS 15 establishes a five-step model governing revenue recognition. The five-step model requires the Barclays Bank Group to (i) identify the contract with the customer, (ii) identify each of the performance obligations included in the contract, (iii) determine the amount of consideration in the contract, (iv) allocate the consideration to each of the identified performance obligations and (v) recognise revenue as each performance obligation is satisfied. The Barclays Bank Group recognises fee and commission income charged for services provided by the Barclays Bank Group as and when performance obligations are satisfied, for example, on completion of the underlying transaction. Where the contractual arrangements also result in the Barclays Bank Group recognising financial instruments in scope of IFRS 9, such financial instruments are initially recognised at fair value in accordance with IFRS 9 before applying the provisions of IFRS 15. Fee and commission income is disaggregated below by fee types that reflect the nature of the services offered across the Barclays Bank Group and operating segments, in accordance with IFRS 15. The below table includes a total for fees in scope of IFRS 15. Refer to Note 2 for more detailed information about operating segments. 2022 Corporate and Investment Bank Cards & Payments and Private Bank Head Office Total £ £ £ £ Fee type Transactional 449 2,803 — 3,252 Advisory 820 144 — 964 Brokerage and execution 1,465 56 — 1,521 Underwriting and syndication 2,036 1 — 2,037 Other 99 134 22 255 Total revenue from contracts with customers 4,869 3,138 22 8,029 Other non-contract fee income 138 4 — 142 Fee and commission income 5,007 3,142 22 8,171 Fee and commission expense (966) (1,778) (1) (2,745) Net fee and commission income 4,041 1,364 21 5,426 2021 Corporate and Investment Bank Consumer, Cards and Payments Head Office Total £m £m £m £m Fee type Transactional 390 2,158 — 2,548 Advisory 968 128 — 1,096 Brokerage and execution 1,082 53 — 1,135 Underwriting and syndication 3,425 — — 3,425 Other 80 155 21 256 Total revenue from contracts with customers 5,945 2,494 21 8,460 Other non-contract fee income 116 5 — 121 Fee and commission income 6,061 2,499 21 8,581 Fee and commission expense (781) (1,207) (6) (1,994) Net fee and commission income 5,280 1,292 15 6,587 2020 Corporate and Investment Bank Consumer, Cards and Payments Head Office Total £m £m £m £m Fee type Transactional 357 1,973 — 2,330 Advisory 593 100 — 693 Brokerage and execution 1,116 57 — 1,173 Underwriting and syndication 2,867 — — 2,867 Other 54 152 29 235 Total revenue from contracts with customers 4,987 2,282 29 7,298 Other non-contract fee income 114 5 — 119 Fee and commission income 5,101 2,287 29 7,417 Fee and commission expense (768) (988) (2) (1,758) Net fee and commission income 4,333 1,299 27 5,659 Fee types Transactional Transactional fees are service charges on deposit accounts, cash management services fees and transactional processing fees. These include interchange and merchant fee income generated from credit and bank card usage. Transaction and processing fees are recognised at the point in time the transaction occurs or service is performed. Interchange and merchant fees are recognised upon settlement of the card transaction payment. The Barclays Bank Group incurs certain card related costs including those related to cardholder reward programmes and payments to co-brand partners. Cardholder reward programme costs related to customers that settle their outstanding balance each period (transactors) are expensed when incurred and presented in fee and commission expense, while costs related to customers that continuously carry an outstanding balance (revolvers) are included in the effective interest rate of the receivable (refer to Note 3). Payments to partners for new cardholder account originations related to transactor accounts are deferred as costs to obtain a contract under IFRS 15, while costs related to revolver accounts are included in the effective interest rate of the receivable (refer to Note 3). Those costs deferred under IFRS 15 are capitalised and amortised over the estimated life of the customer relationship. Payments to co-brand partners based on revenue sharing to the extent the revenue share relates to "revolvers" are included in the effective interest rate of the receivable and to the extent revenue share relates to “transactors” it must be presented in fee and commission expense. Payments based on profitability are presented in fee and commission expense. Advisory Advisory fees are generated from wealth management services and investment banking advisory services related to mergers, acquisitions and financial restructurings. Wealth management advisory fees are earned over the period the services are provided and are generally recognised quarterly when the market value of client assets is determined. Investment banking advisory fees are recognised at the point in time when the services related to the transaction have been completed under the terms of the engagement. Investment banking advisory costs are recognised as incurred in fee and commission expense if direct and incremental to the advisory services or are otherwise recognised in operating expenses. Brokerage and execution Brokerage and execution fees are earned for executing client transactions with various exchanges and over-the-counter markets and Underwriting and syndication Underwriting and syndication fees are earned for the distribution of client equity or debt securities and the arrangement and administration of a loan syndication. This includes commitment fees to provide loan financing. Underwriting fees are generally recognised on trade date if there is no remaining contingency, such as the transaction being conditional on the closing of an acquisition or another transaction. Underwriting costs are deferred and recognised in fee and commission expense when the associated underwriting fees are recorded. Syndication fees are earned for arranging and administering a loan syndication; however, the associated fee may be subject to variability until the loan has been syndicated to other syndicate members or until other contingencies have been resolved and therefore the fee revenue is deferred until the uncertainty is resolved. Included in underwriting and syndication fees are loan commitment fees, when the draw down is not probable, which are not presented as part of the carrying value of the loan in accordance with IFRS 9. Such commitment fees are recognised over time through to the contractual maturity of the commitment. Contract assets and contract liabilities The Barclays Bank Group had no material contract assets or contract liabilities as at 31 December 2022 (2021: £nil; 2020: £nil). Impairment of fee receivables and contract assets During 2022, there have been no material impairments recognised in relation to fees receivable and contract assets (2021: £nil; 2020: £nil). Fees in relation to transactional business can be added to outstanding customer balances. These amounts may be subsequently impaired as part of the overall loans and advances balance. Remaining performance obligations The Barclays Bank Group applies the practical expedient of IFRS 15 and does not disclose information about remaining performance obligations that have original expected durations of one year or less or because the Barclays Bank Group has a right to consideration that corresponds directly with the value of the service provided to the client or customer. Costs incurred in obtaining or fulfilling a contract The Barclays Bank Group expects that incremental costs of obtaining a contract such as success fee and commission fees paid are recoverable and therefore capitalise such contract costs. Capitalised contract costs net of amortisation as at 31 December 2022 are £190m (2021: £148m; 2020: £135m). Capitalised contract costs are amortised over the customer relationship period depending on the transfer of services to which the asset pertains. In 2022, the amount of amortisation was £45m (2021: £35m; 2020: £35m) and there was no impairment loss recognised in connection with the capitalised contract costs (2021: £nil; 2020: £nil). |
Net trading income
Net trading income | 12 Months Ended |
Dec. 31, 2022 | |
Trading income (expense) [abstract] | |
Net trading income | Net trading income Accounting for net trading income In accordance with IFRS 9, trading positions are held at fair value, and the resulting gains and losses are included in net trading income, together with interest and dividends arising from long and short positions and funding costs relating to trading activities. Income arises from both the sale and purchase of trading positions, margins which are achieved through market making and customer business and from changes in fair value caused by movements in interest and exchange rates, equity prices and other market variables. Gains or losses on non-trading financial instruments designated or mandatorily at fair value with changes in fair value recognised in the income statement are included in net trading income where the business model is to manage assets and liabilities on a fair value basis which includes use of derivatives or where an instrument is designated at fair value to eliminate an accounting mismatch and the related instrument's gain and losses are reported in net trading income. 2022 2021 2020 £m £m £m Net gains on financial instruments held for trading 5,603 3,999 5,392 Net gains on financial instruments designated at fair value 501 682 695 Net gains on financial instruments mandatorily at fair value 1,520 1,107 989 Net trading income 7,624 5,788 7,076 |
Net investment expense
Net investment expense | 12 Months Ended |
Dec. 31, 2022 | |
Gains (losses) on financial instruments [abstract] | |
Net investment expense | Net investment expense Accounting for net investment income/(expense) Dividends are recognised when the right to receive the dividend has been established. Other accounting policies relating to net investment income are set out in Note 12 and Note 14. 2022 2021 2020 £m £m £m Net gains/(losses) from financial assets mandatorily at fair value 19 (116) (39) Net (losses)/gains from disposal of debt instruments at fair value through other comprehensive income (68) 248 251 Net (losses)/gains from disposal of financial assets and liabilities measured at amortised cost (66) 22 (128) Net losses on other investments (208) (234) (205) Net investment expense (323) (80) (121) |
Operating expenses
Operating expenses | 12 Months Ended |
Dec. 31, 2022 | |
Expenses by nature [abstract] | |
Operating expenses | Operating expenses 2022 2021 2020 £m £m £m Infrastructure costs Property and equipment 417 371 374 Depreciation and amortisation 470 403 421 Impairment of property, equipment and intangible assets a 13 280 21 Total infrastructure costs 900 1,054 816 Administration and general expenses Consultancy, legal and professional fees 403 390 345 Marketing and advertising 312 235 176 UK bank levy 150 134 249 Other administration and general expenses 4,014 3,616 3,432 Total administration and general expenses 4,879 4,375 4,202 Staff costs b 5,192 4,456 4,365 Litigation and conduct 1,427 374 76 Operating expenses 12,398 10,259 9,459 Notes a In 2021, Impairment of property, equipment and intangible assets included £266m relating to structural cost actions taken as part of the real estate review. b For further details on staff costs including accounting policies, refer to Note 29. |
Credit impairment charges _ (re
Credit impairment charges / (releases) | 12 Months Ended |
Dec. 31, 2022 | |
Disclosure of impairment loss and reversal of impairment loss [abstract] | |
Credit impairment charges / (releases) | Credit impairment charges/(releases) Accounting for the impairment of financial assets Impairment In accordance with IFRS 9, the Barclays Bank Group is required to recognise expected credit losses (ECLs) based on unbiased forward-looking information for all financial assets at amortised cost, lease receivables, debt financial assets at fair value through other comprehensive income, loan commitments and financial guarantee contracts. Intercompany exposures in the individual financial statements, including loan commitments and financial guarantee contracts, are also in scope of IFRS 9 for ECL purposes. At the reporting date, an allowance (or provision for loan commitments and financial guarantees) is required for the 12 month (Stage 1) ECLs. If the credit risk has significantly increased since initial recognition (Stage 2), or if the financial instrument is credit impaired (Stage 3), an allowance (or provision) should be recognised for the lifetime ECLs. The measurement of ECL is calculated using three main components: (i) probability of default (PD) (ii) loss given default (LGD) and (iii) the exposure at default (EAD). The 12 month and lifetime ECLs are calculated by multiplying the respective PD, LGD and the EAD. The 12 month and lifetime PDs represent the PD occurring over the next 12 months and the remaining maturity of the instrument respectively. The EAD represents the expected balance at default, taking into account the repayment of principal and interest from the balance sheet date to the default event together with any expected drawdowns of committed facilities. The LGD represents expected losses on the EAD given the event of default, taking into account, among other attributes, the mitigating effect of collateral value at the time it is expected to be realised and the time value of money. Expected credit loss measurement is based on the ability of borrowers to make payments as they fall due. The Barclays Bank Group also considers sector specific risks and whether additional adjustments are required in the measurement of ECL. Credit risk may be impacted by climate considerations for certain sectors, such as oil and gas. Determining a significant increase in credit risk since initial recognition: The Barclays Bank Group assesses when a significant increase in credit risk has occurred based on quantitative and qualitative assessments. The credit risk of an exposure is considered to have significantly increased when: i) Quantitative test The annualised lifetime PD has increased by more than an agreed threshold relative to the equivalent at origination. PD deterioration thresholds are defined as percentage increases, and are set at an origination score band and segment level to ensure the test appropriately captures significant increases in credit risk at all risk levels. Generally, thresholds are inversely correlated to the origination PD, i.e. as the origination PD increases, the threshold value reduces. The assessment of the point at which a PD increase is deemed ‘significant’ is based upon analysis of the portfolio’s risk profile against a common set of principles and performance metrics (consistent across both retail and wholesale businesses), incorporating expert credit judgement where appropriate. Application of quantitative PD floors does not represent the use of the low credit risk exemption as exposures can separately move into stage 2 via the qualitative route described below. Wholesale assets apply a 100% increase in PD and 0.2% PD floor to determine a significant increase in credit risk. Retail assets apply bespoke relative increase and absolute PD thresholds based on product type and origination PD. Thresholds are subject to maximums defined by Barclays Bank Group policy and typically apply minimum relative thresholds of 50%-100% and a maximum relative threshold of 400%. For existing/historical exposures where origination point scores or data are no longer available or do not represent a comparable estimate of lifetime PD, a proxy origination score is defined, based upon: ▪ back-population of the approved lifetime PD score either to origination date or, where this is not feasible, as far back as possible (subject to a data start point no later than 1 January 2015); or ▪ use of available historical account performance data and other customer information, to derive a comparable ‘proxy’ estimation of origination PD. ii) Qualitative test This is relevant for accounts that meet the portfolio’s ‘high risk’ criteria and are subject to closer credit monitoring. High risk customers may not be in arrears but either through an event or an observed behaviour exhibit credit distress. The definition and assessment of high risk includes as wide a range of information as reasonably available, such as industry and Barclays Bank Group-wide customer level data, including but not limited to bureau scores and high consumer indebtedness index, wherever possible or relevant. Whilst the high risk populations applied for IFRS 9 impairment purposes are aligned with risk management processes, they are also regularly reviewed and validated to ensure that they capture any incremental segments where there is evidence of credit deterioration. iii) Backstop criteria This is relevant for accounts that are more than 30 calendar days past due. The 30 days past due criteria is a backstop rather than a primary driver of moving exposures into Stage 2. The criteria for determining a significant increase in credit risk for assets with bullet repayments follows the same principle as all other assets, i.e. quantitative, qualitative and backstop tests are all applied. Exposures will move back to Stage 1 once they no longer meet the criteria for a significant increase in credit risk. This means that, at a minimum all payments must be up-to-date, the PD deterioration test is no longer met, the account is no longer classified as high risk, and the customer has evidenced an ability to maintain future payments. Exposures are only removed from Stage 3 and re-assigned to Stage 2 once the original default trigger event no longer applies. Exposures being removed from Stage 3 must no longer qualify as credit impaired, and: a) the obligor will also have demonstrated consistently good payment behaviour over a 12-month period, by making all consecutive contractual payments due and, for forborne exposures, the relevant EBA defined probationary period has also been successfully completed; or b) (for non-forborne exposures) the performance conditions are defined and approved within an appropriately sanctioned restructure plan, including 12 months’ payment history have been met. Management overlays and other exceptions to model outputs are applied only if consistent with the objective of identifying significant increases in credit risk. Forward-looking information The measurement of ECL involves complexity and judgement, including estimation of PD, LGD, a range of unbiased future economic scenarios, estimation of expected lives (where contractual life is not appropriate), and estimation of EAD and assessing significant increases in credit risk. Credit losses are the expected cash shortfalls from what is contractually due over the expected life of the financial instrument, discounted at the original effective interest rate (EIR). ECLs are the unbiased probability-weighted credit losses determined by evaluating a range of possible outcomes and considering future economic conditions. The Barclays Bank Group uses a five -scenario model to calculate ECL. An external consensus forecast is assembled from key sources, including HM Treasury (short and medium term forecasts) and Bloomberg (based on median of economic forecasters), which forms the Baseline scenario. In addition, two adverse scenarios (Downside 1 and Downside 2) and two favourable scenarios (Upside 1 and Upside 2) are derived, with associated probability weightings. The adverse scenarios are calibrated to a broadly similar severity to the Barclays Bank Group's internal stress tests and stress scenarios provided by regulators, whilst also considering IFRS 9 specific sensitivities and non-linearity. The favourable scenarios are designed to reflect plausible upside risks to the Baseline scenario which are broadly consistent with the economic narrative approved by the Senior Scenario Review Committee. All scenarios are regenerated at a minimum semi-annually. The scenarios include key economic variables (including GDP, unemployment, House Price Index (HPI) and base rates in both the UK and US markets) and expanded variables using statistical models based on historical correlations. The upside and downside shocks are designed to evolve over a five -year stress horizon, with all five scenarios converging to a steady state after approximately seven years. The methodology for estimating probability weights for each of the scenarios involves a comparison of the distribution of key historical UK and US macroeconomic variables against the forecast paths of the five scenarios. The methodology works such that the baseline (reflecting current consensus outlook) has the highest weight and the weights of adverse and favourable scenarios depend on the deviation from the baseline; the further from the baseline, the smaller the weight. A single set of five scenarios is used across all portfolios and all five weights are normalised to equate to 100%. The same scenarios used in the estimation of expected credit losses are also used to inform Barclays' internal planning. The impacts across the portfolios are different because of the sensitivities of each of the portfolios to specific macroeconomic variables, for example, mortgages are highly sensitive to house prices, and credit cards and unsecured consumer loans are highly sensitive to unemployment. Definition of default, credit impaired assets, write-offs, and interest income recognition The definition of default for the purpose of determining ECLs, and for internal credit risk management purposes, has been aligned to the Regulatory Capital CRR Article 178 definition of default, to maintain a consistent approach with IFRS 9 and associated regulatory guidance. The Regulatory Capital CRR Article 178 definition of default considers indicators that the debtor is unlikely to pay, includes exposures in forbearance and is no later than when the exposure is more than 90 days past due. When exposures are identified as credit impaired at the time when they are purchased or originated, interest income is calculated on the carrying value net of the impairment allowance. An asset is considered credit impaired when one or more events occur that have a detrimental impact on the estimated future cash flows of the financial asset. This comprises assets defined as defaulted and other individually assessed exposures where imminent default or actual loss is identified. Uncollectible loans are written off against the related allowance for loan impairment on completion of the Barclays Bank Group’s internal processes and when all reasonably expected recoverable amounts have been collected. Subsequent recoveries of amounts previously written off are credited to the income statement. The timing and extent of write-offs may involve some element of subjective judgement. Nevertheless, a write-off will often be prompted by a specific event, such as the inception of insolvency proceedings or other formal recovery action, which makes it possible to establish that some or the entire advance is beyond realistic prospect of recovery. Accounting for purchased financial guarantee contracts The Barclays Bank Group may enter into a financial guarantee contract which requires the issuer of such contract to reimburse the Barclays Bank Group for a loss it incurs because a specified debtor fails to make payment when due in accordance with the terms of a debt instrument. For these separate financial guarantee contracts, the Barclays Bank Group recognises a reimbursement asset aligned with the recognition of the underlying ECLs, if it is considered virtually certain that a reimbursement would be received if the specified debtor fails to make payment when due in accordance with the terms of the debt instrument. Loan modifications and renegotiations that are not credit-impaired When modification of a loan agreement occurs as a result of commercial restructuring activity rather than due to the credit risk of the borrower, an assessment must be performed to determine whether the terms of the new agreement are substantially different from the terms of the existing agreement. This assessment considers both the change in cash flows arising from the modified terms as well as the change in overall instrument risk profile. In respect of payment holidays granted to borrowers which are not due to forbearance, if the revised cash flows on a present value basis (based on the original EIR) are not substantially different from the original cash flows, the loan is not considered to be substantially modified. Where terms are substantially different, the existing loan will be derecognised and a new loan will be recognised at fair value, with any difference in valuation recognised immediately within the income statement, subject to observability criteria. Where terms are not substantially different, the loan carrying value will be adjusted to reflect the present value of modified cash flows discounted at the original EIR, with any resulting gain or loss recognised immediately within the income statement as a modification gain or loss. Note 1 sets out details for changes in the basis of determining the contractual cash flows of a financial instrument that are required by interest rate benchmark reform. Expected life Lifetime ECLs must be measured over the expected life. This is restricted to the maximum contractual life and takes into account expected prepayment, extension, call and similar options. The exceptions are certain revolver financial instruments, such as credit cards and bank overdrafts, that include both a drawn and an undrawn component where the entity’s contractual ability to demand repayment and cancel the undrawn commitment does not limit the entity’s exposure to credit losses to the contractual notice period. For revolving facilities, expected life is analytically derived to reflect the behavioural life of the asset, i.e. the full period over which the business expects to be exposed to credit risk. Behavioural life is typically based upon historical analysis of the average time to default, closure or withdrawal of facility. Where data is insufficient or analysis inconclusive, an additional ‘maturity factor’ may be incorporated to reflect the full estimated life of the exposures, based upon experienced judgement and/or peer analysis. Potential future modifications of contracts are not taken into account when determining the expected life or EAD until they occur. Discounting ECLs are discounted at the EIR at initial recognition or an approximation thereof and consistent with income recognition. For loan commitments the EIR is the rate that is expected to apply when the loan is drawn down and a financial asset is recognised. Issued financial guarantee contracts are discounted at the risk free rate. Lease receivables are discounted at the rate implicit in the lease. For variable/floating rate financial assets, the spot rate at the reporting date is used and projections of changes in the variable rate over the expected life are not made to estimate future interest cash flows or for discounting. Modelling techniques The regulatory Basel Committee of Banking Supervisors (BCBS) ECL calculations are leveraged for IFRS 9 modelling but adjusted for key differences which include: ▪ BCBS requires 12 month through the economic cycle losses whereas IFRS 9 requires 12 months or lifetime point in time losses based on conditions at the reporting date and multiple forecasts of the future economic conditions over the expected lives; ▪ IFRS 9 models do not include certain conservative BCBS model floors and downturn assessments and require discounting to the reporting date at the original EIR rather than using the cost of capital to the date of default; ▪ management adjustments are made to modelled output to account for situations where known or expected risk factors and information have not been considered in the modelling process, for example forecast economic scenarios for uncertain political events; and ▪ ECL is measured at the individual financial instrument level, however a collective approach where financial instruments with similar risk characteristics are grouped together, with apportionment to individual financial instruments, is used where effects can only be seen at a collective level, for example for forward-looking information. For the IFRS 9 impairment assessment, the Barclays Bank Group’s risk models are used to determine the PD, LGD and EAD. For Stage 2 and 3, the Barclays Bank Group applies lifetime PDs but uses 12 month PDs for Stage 1. The ECL drivers of PD, EAD and LGD are modelled at an account level which considers vintage, among other credit factors. Also, the assessment of significant increase in credit risk is based on the initial lifetime PD curve, which accounts for the different credit risk underwritten over time. Forbearance A financial asset is subject to forbearance when it is modified due to the credit distress of the borrower. A modification made to the terms of an asset due to forbearance will typically be assessed as a non-substantial modification that does not result in derecognition of the original loan, except in circumstances where debt is exchanged for equity. Both performing and non-performing forbearance assets are classified as Stage 3 except where it is established that the concession granted has not resulted in diminished financial obligation and that no other regulatory definitions of default criteria have been triggered, in which case the asset is classified as Stage 2. The minimum probationary period for non-performing forbearance is 12 months and for performing forbearance, 24 months. Hence, a minimum of 36 months is required for non-performing forbearance to move out of a forborne state. No financial instrument in forbearance can transfer back to Stage 1 until all of the Stage 2 thresholds are no longer met and can only move out of Stage 3 when no longer credit impaired. Critical accounting estimates and judgements IFRS 9 impairment involves several important areas of judgement, including estimating forward looking modelled parameters (PD, LGD and EAD), developing a range of unbiased future economic scenarios, estimating expected lives and assessing significant increases in credit risk, based on the Barclays Bank Group’s experience of managing credit risk. The determination of expected life is most material for Barclays credit card portfolios which is obtained via behavioural life analysis to materially capture the risk of these facilities. Within the retail and small businesses portfolios, which comprise large numbers of small homogenous assets with similar risk characteristics where credit scoring techniques are generally used, the impairment allowance is calculated using forward looking modelled parameters which are typically run at account level. There are many models in use, each tailored to a product, line of business or customer category. Judgement and knowledge is needed in selecting the statistical methods to use when the models are developed or revised. Management adjustments to impairment models, which contain an element of subjectivity, are applied in order to factor in certain conditions or changes in policy that are not fully incorporated into the impairment models, or to reflect additional facts and circumstances at the period end. Management adjustments are reviewed and incorporated into future model development where appropriate . For individually significant assets in Stage 3, impairment allowances are calculated on an individual basis and all relevant considerations that have a bearing on the expected future cash flows across a range of economic scenarios are taken into account. These considerations can be particularly subjective and can include the business prospects for the customer, the realisable value of collateral, the Barclays Bank Group’s position relative to other claimants, the reliability of customer information and the likely cost and duration of the work-out process. The level of the impairment allowance is the difference between the value of the discounted expected future cash flows (discounted at the loan’s original effective interest rate), and its carrying amount. Furthermore, judgements change with time as new information becomes available or as work-out strategies evolve, resulting in frequent revisions to the impairment allowance as individual decisions are taken. Changes in these estimates would result in a change in the allowances and have a direct impact on the impairment charge. Temporary adjustments to calculated IFRS9 impairment allowances may be applied in limited circumstances to account for situations where known or expected risk factors or information have not been considered in the ECL assessment or modelling process. For further information please see page 63 in credit risk performance. Information about the potential impact of the physical and transition risks of climate change on borrowers is considered, taking into account reasonable and supportable information to make accounting judgements and estimates. Climate change is inherently of a long-term nature, with significant levels of uncertainty, and consequently requires judgement in determining the possible impact in the next financial year, if any. 2022 2021 2020 Impairment Charges/(Releases) Recoveries and Reimbursements a Total Impairment Charges/(Releases) Recoveries and Reimbursements Total Impairment Charges/(Releases) Recoveries and Reimbursements Total £m £m £m £m £m £m £m £m £m Loans and advances at amortised cost 1,118 (228) 890 (264) 259 (5) 3,060 (368) 2,692 Off-balance sheet loan 7 — 7 (257) — (257) 547 — 547 Total 1,125 (228) 897 (521) 259 (262) 3,607 (368) 3,239 Cash collateral and settlement balances 28 — 28 (4) — (4) 2 — 2 Financial instruments at fair value through other comprehensive income 8 — 8 (6) — (6) — — — Other financial assets measured at cost — — — (5) — (5) 136 — 136 Credit impairment charges/(releases) 1,161 (228) 933 (536) 259 (277) 3,745 (368) 3,377 Note a. Recoveries and reimbursements include a net increase in amounts recoverable from financial guarantee contracts held with third parties of £195m (2021: £(290)m) and cash recoveries of previously written off amounts of £33m (2021: £31m). Write-offs that can be subjected to enforcement activity The contractual amount outstanding on financial assets that were written off during the year and that can still be subjected to enforcement activity is £512m (2021: £752m). This is lower than the write-offs presented in the movement in gross exposures and impairment allowance table due to assets sold during the year post write-offs and post write-off recoveries. Modification of financial assets |
Tax
Tax | 12 Months Ended |
Dec. 31, 2022 | |
Major components of tax expense (income) [abstract] | |
Tax | Tax Accounting for income taxes The Barclays Bank Group applies IAS 12 Income Taxes in accounting for taxes on income. Income tax payable on taxable profits (current tax) is recognised as an expense in the periods in which the profits arise. Withholding taxes are also treated as income taxes. Income tax recoverable on tax allowable losses is recognised as a current tax asset only to the extent that it is regarded as recoverable by offsetting against taxable profits arising in the current or prior periods. Current tax is measured using tax rates and tax laws that have been enacted or substantively enacted at the balance sheet date. Deferred tax assets are recognised to the extent that it is probable that taxable profit will be available against which the deductible temporary differences, and the carry forward of unused tax credits and unused tax losses can be utilised. Deferred tax liabilities are recognised for all taxable temporary differences except for the initial recognition of goodwill. Deferred tax is not recognised where the temporary difference arises from the initial recognition of an asset or liability in a transaction that is not a business combination and, at the time of the transaction, affects neither the accounting profit nor taxable profit or loss. Deferred tax is determined using tax rates and legislation enacted or substantively enacted by the balance sheet date which are expected to apply when the deferred tax asset is realised or the deferred tax liability is settled. Deferred tax assets and liabilities are only offset when there is both a legal right to set-off and an intention to settle on a net basis. The Barclays Bank Group considers an uncertain tax position to exist when it considers that ultimately, in the future, the amount of profit subject to tax may be greater than the amount initially reflected in the Barclays Bank Group’s tax returns. The Barclays Bank Group accounts for provisions in respect of uncertain tax positions in two different ways. A current tax provision is recognised when it is considered probable that the outcome of a review by a tax authority of an uncertain tax position will alter the amount of cash tax due to, or from, a tax authority in the future. From recognition, the current tax provision is then measured at the amount the Barclays Bank Group ultimately expects to pay the tax authority to resolve the position. The accrual of interest and penalty amounts in respect of uncertain income tax positions is recognised as an expense within profit before tax. Deferred tax provisions are adjustments made to the carrying value of deferred tax assets in respect of uncertain tax positions. A deferred tax provision is recognised when it is considered probable that the outcome of a review by a tax authority of an uncertain tax position will result in a reduction in the carrying value of the deferred tax asset. From recognition of a provision, measurement of the underlying deferred tax asset is adjusted to take into account the expected impact of resolving the uncertain tax position on the loss or temporary difference giving rise to the deferred tax asset. The approach taken to measurement takes account of whether the uncertain tax position is a discrete position that will be reviewed by the tax authority in isolation from any other position, or one of a number of issues which are expected to be reviewed together concurrently and resolved simultaneously with a tax authority. The Barclays Bank Group’s measurement of provisions is based upon its best estimate of the additional profit that will become subject to tax. For a discrete position, consideration is given only to the merits of that position. Where a number of issues are expected to be reviewed and resolved together, the Barclays Bank Group will take into account not only the merits of its position in respect of each particular issue but also the overall level of provision relative to the aggregate of the uncertain tax positions across all the issues that are expected to be resolved at the same time. In addition, in assessing provision levels, it is assumed that tax authorities will review uncertain tax positions and that all facts will be fully and transparently disclosed. Critical accounting estimates and judgements There are two key areas of judgement that impact the reported tax position. Firstly, the level of provisioning for uncertain tax positions; and secondly, the recognition and measurement of deferred tax assets. The Barclays Bank Group does not consider there to be a significant risk of a material adjustment to the carrying amount of current and deferred tax balances, including provisions for uncertain tax positions in the next financial year. The provisions for uncertain tax positions cover a diverse range of issues and reflect advice from external counsel where relevant. It should be noted that only a proportion of the total uncertain tax positions will be under audit at any point in time, and could therefore be subject to challenge by a tax authority over the next year. Deferred tax assets have been recognised based on business profit forecasts. Details on the recognition of deferred tax assets are provided in this note. 2022 2021 2020 £m £m £m Current tax charge/(credit) Current year 623 904 993 Adjustments in respect of prior years (625) 393 3 (2) 1,297 996 Deferred tax charge/(credit) Current year 19 (179) (563) Adjustments in respect of prior years 468 (288) 191 487 (467) (372) Tax charge 485 830 624 In 2022 the adjustments in respect of prior years are principally a result of various steps taken in the US tax group that have affected the timing of the tax deductibility of expenditure related to fixed assets. Across the Barclays Bank PLC’s US Branch Tax Group and US Intermediate Holding Company Tax Group ("IHC Tax Group") elections have been made in 2022 to advance tax deductions in relation to fixed assets that would otherwise have arisen in later periods. Those elections resulted in a current tax credit in respect of prior years of £556m and a deferred tax charge in respect of prior years of a similar amount. The table below shows the reconciliation between the actual tax charge and the tax charge that would result from applying the standard UK corporation tax rate to the Barclays Bank Group’s profit before tax. 2022 2022 2021 2021 2020 2020 £m % £m % £m % Profit before tax from continuing operations 4,867 5,418 3,075 Tax charge based on the standard UK corporation tax rate of 19% (2021: 19%, 2020: 19%) 925 19.0 % 1,029 19.0 % 584 19.0 % Impact of profits/losses earned in territories with different statutory rates to the UK (weighted average tax rate is 22.3% (2021: 24.0%, 2020: 25.0%)) 160 3.3 % 273 5.0 % 183 6.0 % Recurring items: Non-creditable taxes including withholding taxes 117 2.4 % 124 2.3 % 107 3.4 % Non-deductible expenses 28 0.6 % 61 1.1 % 28 0.9 % Impact of UK bank levy being non-deductible 28 0.6 % 25 0.5 % 48 1.6 % Impact of Barclays Bank PLC's overseas branches being taxed both locally and in the UK 17 0.3 % 25 0.5 % 25 0.8 % Tax adjustments in respect of share-based payments 10 0.2 % (5) (0.1 %) 14 0.5 % Banking surcharge a and other items (39) (0.8 %) (48) (0.9 %) (70) (2.3 %) Non-taxable gains and income (129) (2.6 %) (152) (2.8 %) (180) (5.9 %) Tax relief on payments made under AT1 instruments (136) (2.8 %) (113) (2.1 %) (124) (4.0 %) Changes in recognition of deferred tax and effect of unrecognised tax losses (146) (3.0 %) (140) (2.6 %) (123) (4.0 %) Adjustments in respect of prior years (157) (3.2 %) 105 1.9 % 194 6.3 % Tax relief on holdings of inflation-linked government bonds (510) (10.5 %) (157) (2.9 %) (20) (0.6 %) Non-recurring items: Remeasurement of UK deferred tax assets due to tax rate changes 183 3.8 % (218) (4.0 %) (43) (1.4 %) Non-deductible provisions for investigations and litigation 85 1.7 % — — (6) (0.2 %) Non-deductible provisions for UK customer redress 49 1.0 % 21 0.4 % 7 0.2 % Total tax charge 485 10.0 % 830 15.3 % 624 20.3 % a. Banking surcharge includes the impact of the 8% UK banking surcharge rate on profits/losses and tax adjustments relating to UK banking entities . Factors driving the effective tax rate The effective tax rate of 10.0% is lower than the UK corporation tax rate of 19.0% primarily due to tax relief on holdings of inflation-linked government bonds, beneficial prior year adjustments, the utilisation of unrecognised tax losses in the period, tax relief on payments made under AT1 instruments and non-taxable gains and income. These factors, which have each decreased the effective tax rate, are partially offset by adjustments for the remeasurement of UK deferred tax assets as a result of the enactment in 2022 of a reduction in the banking surcharge rate to 3% from 1 April 2023, profits earned outside the UK being taxed at local statutory tax rates that are higher than the UK tax rate and non-creditable taxes. The Barclays Bank Group’s future tax charge will be sensitive to the geographic mix of profits earned, the tax rates in force and changes to the tax rules in the jurisdictions that the Barclays Bank Group operates in. In its Autumn Statement held in November 2022, the UK Government confirmed that, as currently enacted, the banking surcharge rate will be reduced from 8% to 3% from 1 April 2023. UK deferred tax assets as at 31 December 2022 are measured at this rate, having been remeasured when the 3% rate was substantively enacted in 2022. The statutory tax rate applicable to banks' UK profits will therefore be 28% (comprising a rate of 25% for corporation tax and of 3% for banking surcharge) from 1 April 2023. The OECD and G20 Inclusive Framework on Base Erosion and Profit Shifting announced plans to introduce a global minimum tax rate of 15% and the OECD issued model rules in 2021. During 2022 further OECD guidance has been released and draft legislation to implement the global minimum tax regime has been published by the UK Government. The UK Government has stated that it intends to enact legislation in 2023 to apply for accounting periods beginning on or after 31 December 2023. The Barclays Bank Group has reviewed the published OECD model rules and further guidance along with the draft UK legislation and has been assessing the expected impact ahead of the implementation of the new regime. The Barclays Bank Group will review further guidance as well as new legislation expected to be released by governments implementing this new tax regime and continue to assess the potential impact. In the USA, the Inflation Reduction Act was enacted in August 2022. The Act does not include changes to the US corporate income tax rate or to US international tax provisions included in the previously proposed Build Back Better Act but does introduce a corporate alternative minimum tax on adjusted financial statements income, effective from 1 January 2023. Further regulations and guidance are expected to be published in 2023, however the Barclays Bank Group’s preliminary view is that the alternative minimum tax is not expected to materially increase the Barclays Bank Group’s effective tax rate. The Barclays Bank Group will review future guidance when it is published and continue to monitor other legislative developments and assess the potential impact. Tax in the consolidated statement of comprehensive income Tax relating to each component of other comprehensive income can be found in the consolidated statement of comprehensive income. The total amount recognised in relation to the remeasurement of UK deferred tax through other comprehensive income was a £83m credit (2021: £148m charge). Tax included directly in equity Tax included directly in equity comprises a £1m debit (2021: £38m credit) relating to share-based payments and deductible costs on issuing other equity instruments. Deferred tax assets and liabilities The deferred tax amounts on the balance sheet were as follows: Barclays Bank Group 2022 2021 £m £m IHC Tax Group 1,094 1,004 Barclays Bank PLC's US Branch Tax Group 482 1,002 UK Tax Group 2,557 576 Other (outside the UK and US tax groups) 450 399 Deferred tax asset 4,583 2,981 Deferred tax liability - UK Tax Group — (6) Net deferred tax 4,583 2,975 US deferred tax assets in the IHC and the US Branch Tax Groups The deferred tax asset in the IHC Tax Group of £1,094m (2021: £1,004m) includes £21m (2021: £1m) relating to tax losses, with the balance relating to temporary differences. The deferred tax asset in Barclays Bank PLC’s US Branch Tax Group of £482m (2021: £1,002m) relates entirely to temporary differences. In relation to the IHC Tax Group, these temporary differences include £434m (2021: £301m) arising from New York State and City prior net operating loss conversion which can be carried forward and will expire in 2034. Business profit forecasts indicate these amounts will be fully recovered before expiry. UK Tax Group deferred tax assets and liabilities The net deferred tax asset in the UK Tax Group of £2,557m (2021: £576m) includes a deferred tax asset of £1,237m (2021: £1,074m) relating to tax losses with the balance relating to temporary differences. There is no time limit on utilisation of UK tax losses and business profit forecasts indicate these losses will be fully recovered. Other deferred tax assets (outside the UK and US tax groups) The deferred tax asset of £450m (2021: £399m) in other entities within the Barclays Bank Group includes £90m (2021: £121m) relating to tax losses. These deferred tax assets relate to a number of different territories and their recognition is based on profit forecasts or local country law which indicate that it is probable that those deferred tax assets will be fully recovered. Of the deferred tax asset of £450m (2021: £399m), an amount of £33m (2021: £9m) relates to entities which have suffered a loss in either the current or prior year and the utilisation of which is dependent upon future taxable profits. This has been taken into account in reaching the above conclusion that these deferred tax assets will be fully recovered in the future. The table below shows movements on deferred tax assets and liabilities during the year. The amounts are different from those disclosed on the balance sheet and in the preceding table as they are presented before offsetting asset and liability balances where there is a legal right to set-off and an intention to settle on a net basis. Barclays Bank Group Fixed asset timing differences Fair value through other comprehensive income Cash flow hedges Retirement benefit obligations Loan impairment allowance Own credit Share based payments and deferred compensation Other temporary differences Tax losses carried forward Total £m £m £m £m £m £m £m £m £m £m Assets 678 144 309 24 481 426 327 1,134 1,196 4,719 Liabilities (30) — — (1,674) — — — (40) — (1,744) As at 1 January 2022 648 144 309 (1,650) 481 426 327 1,094 1,196 2,975 Income statement (531) (6) — (7) 47 — (2) (140) 152 (487) Other comprehensive income and reserves — 449 1,731 357 — (616) (17) — — 1,904 Other movements 33 3 — 6 20 — 21 108 — 191 150 590 2,040 (1,294) 548 (190) 329 1,062 1,348 4,583 Assets 215 590 2,040 21 548 — 329 1,138 1,348 6,229 Liabilities (65) — — (1,315) — (190) — (76) — (1,646) As at 31 December 2022 150 590 2,040 (1,294) 548 (190) 329 1,062 1,348 4,583 Assets 659 — — 30 455 329 317 1,187 711 3,688 Liabilities (33) (21) (441) (826) — — — (40) — (1,361) As at 1 January 2021 626 (21) (441) (796) 455 329 317 1,147 711 2,327 Income statement 14 (6) — 1 38 — (13) (52) 485 467 Other comprehensive income and reserves — 170 750 (855) — 98 20 (1) — 182 Other movements 8 1 — — (12) (1) 3 — — (1) 648 144 309 (1,650) 481 426 327 1,094 1,196 2,975 Assets 678 144 309 24 481 426 327 1,134 1,196 4,719 Liabilities (30) — — (1,674) — — — (40) — (1,744) As at 31 December 2021 648 144 309 (1,650) 481 426 327 1,094 1,196 2,975 The amount of deferred tax asset expected to be recovered after more than 12 months for the Barclays Bank Group is £5,514m (2021: £4,328m). The amount of deferred tax liability expected to be settled after more than 12 months for the Barclays Bank Group is £1,545m (2021: £1,740m). These amounts are before offsetting asset and liability balances where there is a legal right to set-off and an intention to settle on a net basis. Unrecognised deferred tax Tax losses and temporary differences The Barclays Bank Group has deferred tax assets not recognised in respect of gross deductible temporary differences of £111m (2021: £110m), unused tax credits of £323m (2021: £283m), and gross tax losses of £22,263m (2021: £22,496m). The tax losses include capital losses of £3,661m (2021: £3,642m). Of these tax losses, £149m (2021: £63m) expire within five years, £401m (2021: £370m) expire within six to ten years, £10,393m (2021: £10,529m) expire within 11 to 20 years and £11,320m (2021: £11,534m) can be carried forward indefinitely. Deferred tax assets have not been recognised in respect of these items because it is not probable that future taxable profits and gains will be available against which they can be utilised. Barclays Bank Group investments in subsidiaries, branches and associates Deferred tax is not recognised in respect of the value of Barclays Bank Group's investments in subsidiaries, branches and associates where the Barclays Bank Group is able to control the timing of the reversal of the temporary differences and it is probable that such differences will not reverse in the foreseeable future. The aggregate amount of these temporary differences for which deferred tax liabilities have not been recognised was £852m (2021: £857m). |
Dividends on ordinary shares an
Dividends on ordinary shares and other equity instruments | 12 Months Ended |
Dec. 31, 2022 | |
Dividends on ordinary shares | |
Dividends on ordinary shares and other equity instruments | Dividends on ordinary shares and preference shares The 2022 financial statements include £200m (2021: £794m) of dividends paid on ordinary shares. This comprises one interim dividend declared in relation to the prior year of £200m (2021: £174m) and no interim dividends in relation to 2022 (2021: two interim dividends totalling £620m). This results in a total dividend for the year of £0.09 (2021: £0.34) per ordinary share. Dividends paid on preference shares amounted to £31m (2021: £27m). Dividends paid on the Euro preference shares amounted to £53.42 per share (2021: £14.37). Dividends paid on the US Dollar preference shares amounted to £511.27 per share (2021: £459.69). The Directors have approved an interim dividend in respect of 2022 of £700m. The financial statements for the year ended 31 December 2022 do not reflect this dividend, which will be accounted for in shareholders’ equity as an appropriation of retained profits in the year ending 31 December 2023. |
Trading portfolio
Trading portfolio | 12 Months Ended |
Dec. 31, 2022 | |
Net assets (liabilities) [abstract] | |
Trading portfolio | Trading portfolio Accounting for trading portfolio assets and liabilities In accordance with IFRS 9, all assets and liabilities held for trading purposes are held at fair value with gains and losses in the changes in fair value taken to the income statement in net trading income (Note 5). Barclays Bank Group 2022 2021 £m £m Debt securities and other eligible bills 55,430 50,700 Equity securities 65,034 83,113 Traded loans 13,198 12,525 Commodities 109 533 Trading Portfolio Assets 133,771 146,871 Debt securities and other eligible bills (39,068) (34,079) Equity securities (33,392) (19,212) Trading Portfolio Liabilities (72,460) (53,291) |
Financial assets at fair value
Financial assets at fair value through the income statement | 12 Months Ended |
Dec. 31, 2022 | |
Financial assets at fair value through profit or loss [abstract] | |
Financial assets at fair value through the income statement | Financial assets at fair value through the income statemen t Accounting for financial assets mandatorily at fair value Financial assets that are held for trading are recognised at fair value through profit or loss. In addition, financial assets are held at fair value through profit or loss if they do not contain contractual terms that give rise on specified dates to cash flows that are Solely Payments of Principal and Interest (SPPI), or if the financial asset is not held in a business model that is either (i) a business model to collect the contractual cash flows or (ii) a business model that is achieved by both collecting contractual cash flows and selling. Accounting for financial assets designated at fair value Financial assets, other than those held for trading, are classified in this category if they are so irrevocably designated at inception and the use of the designation removes or significantly reduces an accounting mismatch. Subsequent changes in fair value for these instruments are recognised in the income statement in net investment income, except if reporting it in trading income reduces an accounting mismatch. The details on how the fair value amounts are derived for financial assets at fair value are described in Note 16. Barclays Bank Group 2022 2021 £m £m Loans and advances 1,679 2,813 Debt securities 205 318 Other financial assets 1 — Financial assets designated at fair value 1,885 3,131 Loans and advances 36,511 33,089 Debt securities 3,012 1,937 Equity securities 4,934 4,798 Reverse repurchase agreements and other similar secured lending 164,698 145,186 Other financial assets 88 85 Financial assets mandatorily at fair value 209,243 185,095 Total 211,128 188,226 Credit risk of financial assets designated at fair value and related credit derivatives The following table shows the maximum exposure to credit risk, the changes in fair value attributable to changes in credit risk, and the cumulative changes in fair value since initial recognition for loans and advances. The table does not include debt securities and reverse repurchase agreements and other similar secured lending designated at fair value as they have minimal exposure to credit risk. Reverse repurchase agreements are collateralised and debt securities are primarily relating to high quality sovereigns. Barclays Bank Group Maximum exposure as at 31 December Changes in fair value during the year ended Cumulative changes in fair value from inception 2022 2021 2022 2021 2022 2021 £m £m £m £m £m £m Loans and advances designated at fair value, attributable to credit risk 1,679 2,813 — 1 (3) (3) Value mitigated by related credit derivatives 855 1,617 (1) (3) (1) (3) |
Derivative financial instrument
Derivative financial instruments | 12 Months Ended |
Dec. 31, 2022 | |
Disclosure of nature and extent of risks arising from financial instruments [abstract] | |
Derivative financial instruments | Derivative financial instruments Accounting for derivatives Derivative instruments are contracts whose value is derived from one or more underlying financial instruments or indices defined in the contract. They include swaps, forward-rate agreements, futures, options and combinations of these instruments and primarily affect the Barclays Bank Group’s net interest income, net trading income and derivative assets and liabilities. Notional amounts of the contracts are not recorded on the balance sheet. Derivatives are used to hedge interest rate, credit risk, inflation risk, exchange rate, commodity, equity exposures and exposures to certain indices such as house price indices and retail price indices related to non-trading positions. All derivative instruments are held at fair value through profit or loss, except for derivatives that are in a designated cash flow or net investment hedge accounting relationship. Derivatives are classified as assets when their fair value is positive or as liabilities when their fair value is negative. This includes terms included in a contract or financial liability (the host) which, had they been a standalone contract, would have met the definition of a derivative. If these are separated from the host, i.e. when the economic characteristics of the embedded derivative are not closely related with those of the host contract and the combined instrument is not measured at fair value through profit or loss, then they are accounted for in the same way as derivatives. For financial assets, the requirements are whether the financial assets contain contractual terms that give rise on specified dates to cash flows that are SPPI, and consequently the requirements for accounting for embedded derivatives are not applicable to financial assets. Hedge accounting The Barclays Bank Group applies the requirements of IAS 39 Financial Instruments: Recognition and Measurement for hedge accounting purposes. The Barclays Bank Group applies hedge accounting to represent the economic effects of its interest rate, currency and contractually linked inflation risk management strategies. Where derivatives are held for risk management purposes, and when transactions meet the required criteria for documentation and hedge effectiveness, the Barclays Bank Group applies fair value hedge accounting, cash flow hedge accounting, or hedging of a net investment in a foreign operation, as appropriate to the risks being hedged. The Barclays Bank Group applies the ‘Amendments to IFRS 9, IAS 39 and IFRS 7 Interest Rate Benchmark Reform’ issued in September 2019 (the Phase 1 amendments). The amendments provide temporary relief from applying specific hedge accounting requirements to hedging relationships directly affected by IBOR (‘Interbank Offered Rates’) reform. The reliefs have the effect that IBOR reform should not generally cause hedge accounting to terminate. However, any hedge ineffectiveness continues to be recorded in the income statement. Furthermore, the amendments set out triggers for when the reliefs will end, which include the uncertainty arising from interest rate benchmark reform no longer being present. In summary, the reliefs provided by the Phase 1 amendments are: ▪ When considering the ‘highly probable’ requirement, the Barclays Bank Group has assumed that the IBOR interest rates upon which our hedged items are based do not change as a result of IBOR reform. ▪ In assessing whether the hedge is expected to be highly effective on a forward-looking basis the Barclays Bank Group has assumed that the IBOR interest rates upon which the cash flows of the hedged items and the interest rate swaps that hedge them are based are not altered by IBOR reform. ▪ The Barclays Bank Group will not discontinue hedge accounting during the period of IBOR-related uncertainty solely because the retrospective effectiveness falls outside the required 80% –125% range. ▪ The Barclays Bank Group has not recycled the cash flow hedge reserve relating to the period after the reforms are expected to take effect. ▪ The Barclays Bank Group has assessed whether the hedged IBOR risk component is a separately identifiable risk only when it first designates a hedged item in a fair value hedge and not on an ongoing basis. The Barclays Bank Group also applies the ‘Amendments to IFRS 9, IAS 39, IFRS 7, IFRS 4 and IFRS 16 Interest Rate Benchmark Reform – Phase 2’ issued in August 2020. The Phase 2 amendments provide relief when changes are made to hedge relationships as a result of the interest rate benchmark reform. In summary, the reliefs provided by the Phase 2 amendments are: ▪ Under a temporary exception, the Barclays Bank Group has considered that changes to the hedge designation and hedge documentation due to the interest rate benchmark reform would not constitute the discontinuation of the hedge relationship nor the designation of a new hedging relationship. ▪ In respect of the retrospective hedge effectiveness assessment, the Barclays Bank Group may elect, on a hedge-by-hedge basis, to reset the cumulative fair value changes to zero when the exception to the retrospective assessment ends (Phase 1 relief). Any hedge ineffectiveness will continue to be measured and recognised in full in profit or loss. ▪ The Barclays Bank Group has deemed the amounts accumulated in the cash flow hedge reserve to be based on the alternative benchmark rate (on which the hedge future cash flows are determined) when there is a change in basis for determining the contractual cash flows. ▪ For hedges of groups of items (such as those forming part of a macro cash flow hedging strategy), the amendments provide relief for items within a designated group of items that are amended for changes directly required by the reform. ▪ In respect of whether a risk component of a hedged item is separately identifiable, the amendments provide temporary relief to entities to meet this requirement when an alternative risk free rate (RFR) financial instrument is designated as a risk component. These amendments allow the Barclays Bank Group upon designation of the hedge to assume that the separately identifiable requirement is met if the Barclays Bank Group reasonably expects the RFR risk will become separately identifiable within the next 24 months. The Barclays Bank Group applies this relief to each RFR on a rate-by-rate basis and starts when the Barclays Bank Group first designates the RFR as a non-contractually specified risk component. Fair value hedge accounting Changes in fair value of derivatives that qualify and are designated as fair value hedges are recorded in the income statement, together with changes in the fair value of the hedged asset or liability that are attributable to the hedged risk. The fair value changes adjust the carrying value of the hedged asset or liability held at amortised cost. If hedge relationships no longer meet the criteria for hedge accounting, hedge accounting is discontinued. For fair value hedges of interest rate risk, the fair value adjustment to the hedged item is amortised to the income statement over the period to maturity of the previously designated hedge relationship using the effective interest method. If the hedged item is sold or repaid, the unamortised fair value adjustment is recognised immediately in the income statement. For items classified as fair value through other comprehensive income, the hedge accounting adjustment is included in other comprehensive income. Cash flow hedge accounting For qualifying cash flow hedges, the fair value gain or loss associated with the effective portion of the cash flow hedge is recognised initially in other comprehensive income, and then recycled to the income statement in the periods when the hedged item will affect profit or loss. Any ineffective portion of the gain or loss on the hedging instrument is recognised in the income statement immediately. 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 when the hedged item is ultimately recognised in the income statement. When a forecast transaction is no longer expected to occur, the cumulative gain or loss that was recognised in equity is immediately transferred to the income statement. Hedges of net investments The Barclays Bank Group’s net investments in foreign operations, including monetary items accounted for as part of the net investment, are hedged for foreign currency risks using both derivatives and foreign currency borrowings. Hedges of net investments are accounted for similarly to cash flow hedges; the effective portion of the gain or loss on the hedging instrument is being recognised directly in other comprehensive income and the ineffective portion being recognised immediately in the income statement. The cumulative gain or loss recognised in other comprehensive income is recognised in the income statement on the disposal or partial disposal of the foreign operation, or other reductions in the Barclays Bank Group’s investment in the operation. Barclays Bank Group 2022 2021 Notional contract amount Fair value Notional contract amount Fair value Assets Liabilities Assets Liabilities £m £m £m £m £m £m Total derivative assets/(liabilities) held for trading 52,164,242 302,665 (288,398) 47,286,623 262,046 (255,471) Total derivative assets/(liabilities) held for risk management 178,628 311 (808) 126,292 245 (1,052) Derivative assets/(liabilities) 52,342,870 302,976 (289,206) 47,412,915 262,291 (256,523) The fair values and notional amounts of derivatives held for trading are set out in the following table: Derivatives held for trading and risk management 2022 2021 Barclays Bank Group Notional contract amount Fair value Notional contract amount Fair value Assets Liabilities Assets Liabilities £m £m £m £m £m £m Derivatives held for trading Foreign exchange derivatives OTC derivatives 5,773,814 108,865 (103,040) 5,700,055 76,055 (74,014) Derivatives cleared by central counterparty 113,455 440 (473) 99,664 171 (208) Exchange traded derivatives 19,426 15 (6) 20,084 10 (3) Foreign exchange derivatives 5,906,695 109,320 (103,519) 5,819,803 76,236 (74,225) Interest rate derivatives OTC derivatives 14,938,526 130,917 (117,016) 14,229,139 124,187 (113,098) Derivatives cleared by central counterparty 21,390,094 2,317 (2,340) 18,865,670 1,055 (762) Exchange traded derivatives 5,654,126 2,257 (2,167) 5,200,838 905 (907) Interest rate derivatives 41,982,746 135,491 (121,523) 38,295,647 126,147 (114,767) Credit derivatives OTC derivatives 619,843 4,262 (4,731) 606,504 4,007 (4,752) Derivatives cleared by central counterparty 1,107,377 1,161 (1,321) 665,600 1,675 (1,809) Credit derivatives 1,727,220 5,423 (6,052) 1,272,104 5,682 (6,561) Equity and stock index derivatives OTC derivatives 410,002 12,670 (16,715) 278,370 18,793 (24,440) Exchange traded derivatives 1,924,613 35,986 (36,774) 1,469,078 32,901 (33,174) Equity and stock index derivatives 2,334,615 48,656 (53,489) 1,747,448 51,694 (57,614) Commodity derivatives OTC derivatives 4,411 14 (51) 4,670 56 (107) Exchange traded derivatives 208,555 3,761 (3,764) 146,951 2,231 (2,197) Commodity derivatives 212,966 3,775 (3,815) 151,621 2,287 (2,304) Derivative assets/(liabilities) held for trading 52,164,242 302,665 (288,398) 47,286,623 262,046 (255,471) Total OTC derivatives 21,746,596 256,728 (241,553) 20,818,738 223,098 (216,411) Total derivatives cleared by central counterparty 22,610,926 3,918 (4,134) 19,630,934 2,901 (2,779) Total exchange traded derivatives 7,806,720 42,019 (42,711) 6,836,951 36,047 (36,281) Derivative assets/(liabilities) held for trading 52,164,242 302,665 (288,398) 47,286,623 262,046 (255,471) Derivatives held for risk management Derivatives designated as cash flow hedges Currency Swaps 2,000 175 (12) 1,000 155 — Interest rate swaps 266 12 — 465 — (3) Interest rate derivatives cleared by central counterparty 92,366 — — 63,584 — — Derivatives designated as cash flow hedges 94,632 187 (12) 65,049 155 (3) Derivatives designated as fair value hedges Interest rate swaps 4,561 27 (776) 5,856 53 (1,045) Forward foreign exchange — — — — — — Interest rate derivatives cleared by central counterparty 75,547 — — 52,964 — — Derivatives designated as fair value hedges 80,108 27 (776) 58,820 53 (1,045) Derivatives designated as hedges of net investments Forward foreign exchange 3,888 97 (20) 2,423 37 (4) Derivatives designated as hedges of net investments 3,888 97 (20) 2,423 37 (4) Derivative assets/(liabilities) held for risk management 178,628 311 (808) 126,292 245 (1,052) Total OTC derivatives 10,715 311 (808) 9,744 245 (1,052) Total derivatives cleared by central counterparty 167,913 — — 116,548 — — Derivative assets/(liabilities) held for risk management 178,628 311 (808) 126,292 245 (1,052) Hedge accounting Hedge accounting is applied predominantly for the following risks: ▪ Interest rate risk – arises due to a mismatch between fixed interest rates and floating interest rates. ▪ Currency risk – arises due to assets or liabilities being denominated in different currencies than the functional currency of the relevant entity. At a consolidated level, currency risk also arises when the functional currency of subsidiaries are different from the parent. ▪ Contractually linked inflation risk – arises from financial instruments within contractually specified inflation risk. The Barclays Bank Group does not hedge inflation risk that arises from other activities. In order to hedge these risks, the Barclays Bank Group uses the following hedging instruments: ▪ Interest rate derivatives to swap interest rate exposure into either fixed or variable rates. ▪ Currency derivatives to swap foreign currency exposures into the entity’s functional currency, and net investment exposure to local currency. ▪ Inflation derivatives to swap inflation exposure into either fixed or variable interest rates. In some cases, certain items which are economically hedged may be ineligible hedged items for the purposes of IAS 39, such as core deposits and equity. In these instances, a proxy hedging solution can be utilised whereby portfolios of floating rate assets are designated as eligible hedged items in cash flow hedges. In some hedging relationships, the Barclays Bank Group designates risk components of hedged items as follows: ▪ Benchmark interest rate risk as a component of interest rate risk, such as the LIBOR or Risk Free Rate (RFR) component. ▪ Inflation risk as a contractually specified component of a debt instrument. ▪ Spot exchange rate risk for foreign currency financial assets or financial liabilities. ▪ Components of cash flows of hedged items, for example certain interest payments for part of the life of an instrument. Using the benchmark interest rate risk results in other risks, such as credit risk and liquidity risk, being excluded from the hedge accounting relationship. Following market-wide interest rate benchmark reform, sensitivity to risk-free rates is considered to be the predominant interest rate risk and therefore the hedged items (which often reference risk-free or similar 'overnight' rates) change in fair value on a proportionate basis with reference to this risk. In respect of many of the Barclays Bank Group’s hedge accounting relationships, the hedged item and hedging instrument change frequently due to the dynamic nature of the risk management and hedge accounting strategy. The Barclays Bank Group applies hedge accounting to dynamic scenarios, predominantly in relation to interest rate risk, with a combination of hedged items in order for its financial statements to reflect as closely as possible the economic risk management undertaken. In some cases, if the hedge accounting objective changes, the relevant hedge accounting relationship is de-designated and is replaced with a different hedge accounting relationship. Changes in the GBP value of net investments due to foreign currency movements are captured in the currency translation reserve, resulting in a movement in CET1 capital. The Barclays Bank Group mitigates this by matching the CET1 capital movements to the revaluation of the foreign currency RWA exposures. Net investment hedges are designated where necessary to reduce the exposure to movement in a particular exchange rate to within limits mandated by Risk. As far as possible, existing external currency liabilities are designated as the hedging instruments. The hedging instruments share the same risk exposures as the hedged items. Hedge effectiveness is determined with reference to quantitative tests, predominantly regression testing, but to the extent hedging instruments are exposed to different risks than the hedged items, this could result in hedge ineffectiveness or hedge accounting failures. Sources of ineffectiveness include the following: ▪ Mismatches between the contractual terms of the hedged item and hedging instrument, including basis differences. ▪ Changes in credit risk of the hedging instruments. ▪ If a hedging relationship becomes over-hedged, for example in hedges of net investments if the net asset value designated at the start of the period falls below the amount of the hedging instrument. ▪ Cash flow hedges using external swaps with non-zero fair values. ▪ The effects of the reforms to IBOR, because these might take effect at a different time and have a different impact on hedged items and hedging instruments. The Barclays Bank Group's risk exposure continues, in part, to be affected by interest rate benchmark reform. In most cases, hedged items and hedging instruments are expected to transition to relevant risk-free rates at the end of their current cash flow period. USD LIBOR, Canadian Dollar Offerred Rate (CDOR) and Singapore Swap Offered Rate (SOR) linked hedge accounting relationships are still exposed to uncertainty regarding the precise timing and effects of benchmark reform. USD LIBOR and SOR benchmarks will cease to be published after 30 June 2023, CDOR - after 28 June 2024, but certain hedged items and hedging instruments continue to contractually reference these benchmarks beyond the cessation date. The following table summarises the significant hedge accounting exposures impacted by the IBOR reform as at 31 December 2022: Barclays Bank Group Nominal amount of hedged items directly impacted by IBOR reform Nominal amount of hedging instruments directly impacted by IBOR reform Current benchmark rate Expected convergence to RFR £m £m USD LIBOR Secured Overnight Financing Rate (SOFR) 19,286 20,104 Canadian Dollar Offered Rate (CDOR) Overnight Repo Rate Average (CORRA) 980 980 Singapore Swap Offered Rate (SOR) Singapore Overnight Rate Average (SORA) 124 124 Total IBOR Notionals 20,390 21,208 Hedged items in fair value hedges Barclays Bank Group Accumulated fair value adjustment included in carrying amount Carrying amount Total Of which: Accumulated fair value adjustment on items no longer in a hedge relationship Change in fair value used as a basis to determine ineffectiveness Hedge ineffectiveness recognised in the income statement a Hedged item statement of financial position classification and risk category £m £m £m £m £m 2022 Assets Loans and advances at amortised cost - Interest rate risk 1,950 (135) 3 (325) (3) - Inflation risk 445 243 — (111) 2 Debt securities classified as amortised cost - Interest rate risk 159 (19) (11) (133) (20) - Inflation risk 3,854 (1,287) — (1,658) (18) Financial assets at fair value through other comprehensive income b - Interest rate risk 25,044 (3,132) (228) (3,833) 145 - Inflation risk 6,019 (181) 17 (690) (26) Total Assets 37,471 (4,511) (219) (6,750) 80 Liabilities Debt securities in issue - Interest rate risk (34,260) 2,746 (26) 3,577 22 Total Liabilities (34,260) 2,746 (26) 3,577 22 Total Hedged Items 3,211 (1,765) (245) (3,173) 102 2021 Assets Loans and advances at amortised cost - Interest rate risk 1,257 24 6 (77) (1) - Inflation risk 556 354 — 9 — Debt securities classified as amortised cost - Interest rate risk 1,378 (39) — (75) (18) - Inflation risk 4,087 400 — (16) (1) Financial assets at fair value through other comprehensive income b - Interest rate risk 22,895 (293) 28 (1,122) 35 - Inflation risk 6,271 386 (32) 81 10 Total Assets 36,444 832 2 (1,200) 25 Liabilities Debt securities in issue - Interest rate risk (26,691) (622) (320) 769 6 Total Liabilities (26,691) (622) (320) 769 6 Total Hedged Items 9,753 210 (318) (431) 31 Notes a Hedge ineffectiveness is recognised in net interest income. b For items classified as fair value through other comprehensive income, the hedge accounting adjustment is not included in the carrying amount, but rather adjusts other comprehensive income. Amount, timing and uncertainty of future cash flows The following table shows the fair value hedging instruments which are carried on the balance sheet: Barclays Bank Group Carrying value Nominal amount Change in fair value used as a basis to determine ineffectiveness Nominal amount directly impacted by IBOR reform Derivative assets Derivative liabilities Loan liabilities Hedge type Risk category £m £m £m £m £m £m As at 31 December 2022 Fair value Interest rate risk — — — 67,613 858 11,987 Inflation risk 27 (776) — 12,495 2,417 2,493 Total 27 (776) — 80,108 3,275 14,480 As at 31 December 2021 Fair value Interest rate risk 53 — — 51,219 527 8,855 Inflation risk — (1,045) — 7,601 (65) 1,624 Total 53 (1,045) — 58,820 462 10,479 The following table profiles the expected notional values of current hedging instruments for fair value hedging in future years: 2022 2023 2024 2025 2026 2027 2028 and later As at 31 December 2022 £m £m £m £m £m £m £m Barclays Bank Group Fair value hedges of: Interest rate risk (outstanding notional amount) 67,613 63,902 54,595 47,000 40,170 28,497 26,131 Inflation risk (outstanding notional amount) 12,495 12,064 9,873 8,824 7,477 7,449 6,779 For Barclays Bank Group, there are 712 (2021: 618) interest rate risk fair value hedges with an average fixed rate of 1.77% (2021: 1.1%) across the relationships and 49 (2021: 60) inflation risk fair value hedges with an average rate of 0.55% (2021: 0.59%) across the relationships. Hedged items in cash flow hedges and hedges of net investments in foreign operations Barclays Bank Group Change in value of hedged item used as the basis for recognising ineffectiveness Balance in cash flow hedging reserve for continuing hedges Balance in currency translation reserve for continuing hedges Balances remaining in cash flow hedging reserve for which hedge accounting is no longer applied Balances remaining in currency translation reserve for which hedge accounting is no longer applied Hedging gains or losses recognised in other comprehensive income Hedge ineffectiveness recognised in the income statement a Description of hedge relationship and hedged risk £m £m £m £m £m £m £m 2022 Cash flow hedge of: Interest rate risk Loans and advances at amortised cost 7,182 4,625 — 2,900 — 7,182 (197) Foreign exchange risk Loans and advances at amortised cost 3 (13) — — — 3 2 Inflation risk Debt securities classified at amortised cost 362 142 — 16 — 98 33 Total cash flow hedges 7,547 4,754 — 2,916 — 7,283 (162) Hedge of net investment in foreign operations USD foreign operations 922 — 1,767 — — 922 — EUR foreign operations 170 — 127 — — 170 — Other foreign operations 38 — 180 — 88 38 — Total foreign operations 1,130 — 2,074 — 88 1,130 — 2021 Cash flow hedge of: Interest rate risk Loans and advances at amortised cost 2,042 935 — (192) — 2,042 (211) Foreign exchange risk Loans and advances at amortised cost (88) (16) — — — (88) 1 Inflation risk Debt securities classified at amortised cost 252 204 — (12) — 252 (22) Total cash flow hedges 2,206 1,123 — (204) — 2,206 (232) Hedge of net investment in foreign operations USD foreign operations 143 — 1,184 — — 143 — EUR foreign operations (49) — (39) — — (49) — Other foreign operations (3) — 44 — 186 (3) — Total foreign operations 91 — 1,189 — 186 91 — Note a Hedge ineffectiveness is recognised in net interest income The following table shows the cash flow and net investment hedging instruments which are carried on the balance sheet: Barclays Bank Group Carrying value Nominal amount Change in fair value used as a basis to determine ineffectiveness Nominal amount directly impacted by IBOR reform Derivative assets Derivative liabilities Loan liabilities Hedge type Risk category £m £m £m £m £m £m As at 31 December 2022 Cash flow Interest rate risk 12 — — 89,996 (7,379) 6,728 Foreign exchange risk 175 (12) — 2,000 (1) — Inflation risk — — — 2,636 (329) — Total 187 (12) — 94,632 (7,709) 6,728 Net investment Foreign exchange risk 97 (20) (8,368) 12,256 (1,130) — As at 31 December 2021 Cash flow Interest rate risk — — — 59,957 (2,253) 9,896 Foreign exchange risk 155 — — 1,000 89 — Inflation risk — (3) — 4,092 (274) — Total 155 (3) — 65,049 (2,438) 9,896 Net investment Foreign exchange risk 37 (4) (6,933) 9,356 (91) — The effect on the income statement and other comprehensive income of recycling amounts in respect of cash flow hedges and net investment hedges of foreign operations is set out in the following table: Barclays Bank Group 2022 2021 Amount recycled from other comprehensive income due to hedged item affecting income statement Amount recycled from other comprehensive income due to sale of investment, or cash flows no longer expected to occur Amount recycled from other comprehensive income due to hedged item affecting income statement Amount recycled from other comprehensive income due to sale of investment, or cash flows no longer expected to occur Description of hedge relationship and hedged risk £m £m £m £m Cash flow hedge of interest rate risk Recycled to net interest income (496) (46) 228 13 Cash flow hedge of foreign exchange risk Recycled to net interest income (1) — 87 — Hedge of net investment in foreign operations Recycled to other income — (58) — (28) A detailed reconciliation of the movements of the cash flow hedging reserve and the currency translation reserve is as follows: Barclays Bank Group 2022 2021 Cash flow hedging reserve Currency translation reserve Cash flow hedging reserve Currency translation reserve £m £m £m £m Balance on 1 January (618) 2,581 1,181 2,736 Currency translation movements (7) 3,483 (6) (92) Hedging losses for the year (7,283) (1,130) (2,206) (91) Amounts reclassified in relation to cash flows affecting profit or loss 543 58 (327) 28 Tax 1,808 — 740 — Balance on 31 December (5,557) 4,992 (618) 2,581 |
Financial assets at fair valu_2
Financial assets at fair value through other comprehensive income | 12 Months Ended |
Dec. 31, 2022 | |
Financial assets at fair value through other comprehensive income [abstract] | |
Financial assets at fair value through other comprehensive income | Financial assets at fair value through other comprehensive income Accounting for financial assets at fair value through other comprehensive income (FVOCI) Financial assets that are debt instruments held in a business model that is achieved by both collecting contractual cash flows and selling and that contain contractual terms that give rise on specified dates to cash flows that are SPPI are measured at FVOCI. They are subsequently re-measured at fair value and changes therein (except for those relating to impairment, interest income and foreign currency exchange gains and losses) are recognised in other comprehensive income until the assets are sold. Interest (calculated using the effective interest method) is recognised in the income statement in net interest income (Note 3). Upon disposal, the cumulative gain or loss recognised in other comprehensive income is included in net investment income (Note 6). In determining whether the business model is achieved by both collecting contractual cash flows and selling financial assets, it is determined that both collecting contractual cash flows and selling financial assets are integral to achieving the objective of the business model. The Barclays Bank Group will consider past sales and expectations about future sales to establish if the business model is achieved. For equity securities that are not held for trading, the Barclays Bank Group may make an irrevocable election on initial recognition to present subsequent changes in the fair value of the instrument in other comprehensive income (except for dividend income which is recognised in profit or loss). Gains or losses on the de-recognition of these equity securities are not transferred to profit or loss. These assets are also not subject to the impairment requirements and therefore no amounts are recycled to the income statement. Where the Barclays Bank Group has not made the irrevocable election to present subsequent changes in the fair value of the instrument in other comprehensive income, equity securities are measured at fair value through profit or loss. Barclays Bank Group 2022 2021 £m £m Debt securities and other eligible bills 44,861 45,854 Equity securities 1 1 Loans and advances 222 53 Financial assets at fair value through other comprehensive income 45,084 45,908 Loans and advances and deposits at amortised cost Barclays Bank Group 2022 2021 As at 31 December £m £m Loans and advances at amortised cost to banks 8,961 8,750 Loans and advances at amortised cost to customers 146,243 117,014 Debt securities at amortised cost 27,303 19,495 Total loans and advances at amortised cost 182,507 145,259 Deposits at amortised cost from banks 20,124 17,911 Deposits at amortised cost from customers 271,455 244,917 Total deposits at amortised cost 291,579 262,828 |
Financial liabilities designate
Financial liabilities designated at fair value | 12 Months Ended |
Dec. 31, 2022 | |
Designated financial liabilities at fair value through profit or loss [abstract] | |
Financial liabilities designated at fair value | Financial liabilities designated at fair value Accounting for liabilities designated at fair value through profit and loss In accordance with IFRS 9, financial liabilities may be designated at fair value, with gains and losses taken to the income statement within net trading income (Note 5) and net investment income (Note 6). Movements in own credit are reported through other comprehensive income, unless the effects of changes in the liability's credit risk would create or enlarge an accounting mismatch in profit and loss. In these scenarios, all gains and losses on that liability (including the effects of changes in the credit risk of the liability) are presented in profit and loss. On derecognition of the financial liability no amounts relating to own credit risk are recycled to the income statement. The Barclays Bank Group has the ability to make the fair value designation when holding the instruments at fair value reduces an accounting mismatch (caused by an offsetting liability or asset being held at fair value), or is managed by the Barclays Bank Group on the basis of its fair value, or includes terms that have substantive derivative characteristics (Note 13). The details on how the fair value amounts are arrived at for financial liabilities designated at fair value are described in Note 16. Barclays Bank Group 2022 2021 Fair value Contractual Fair value Contractual £m £m £m £m Debt securities 57,325 72,728 53,164 61,333 Deposits 41,037 42,455 29,409 29,836 Repurchase agreements and other similar secured borrowing 173,172 173,938 168,075 168,144 Subordinated debt a 521 1,029 483 613 Financial liabilities designated at fair value 272,055 290,150 251,131 259,926 The cumulative own credit net gain recognised for Barclays Bank Group is £674m (2021: £960m) and for Barclays Bank PLC it is £689m (2021: £837m) Note a. Subordinated debt measured at fair value was previously disclosed in Note 26 Subordinated Liabilities. From 2021, it is disclosed within Financial Liabilities designated at fair value to better reflect that it is accounted for at fair value. Loans and advances and deposits at amortised cost Barclays Bank Group 2022 2021 As at 31 December £m £m Loans and advances at amortised cost to banks 8,961 8,750 Loans and advances at amortised cost to customers 146,243 117,014 Debt securities at amortised cost 27,303 19,495 Total loans and advances at amortised cost 182,507 145,259 Deposits at amortised cost from banks 20,124 17,911 Deposits at amortised cost from customers 271,455 244,917 Total deposits at amortised cost 291,579 262,828 |
Fair value of financial instrum
Fair value of financial instruments | 12 Months Ended |
Dec. 31, 2022 | |
Disclosure of detailed information about financial instruments [abstract] | |
Fair value of financial instruments | Fair value of financial instruments Accounting for financial assets and liabilities – fair values Financial instruments that are held for trading are recognised at fair value through profit or loss. In addition, financial assets are held at fair value through profit or loss if they do not contain contractual terms that give rise on specified dates to cash flows that are SPPI, or if the financial asset is not held in a business model that is either (i) a business model to collect the contractual cash flows or (ii) a business model that is achieved by both collecting contractual cash flows and selling. Subsequent changes in fair value for these instruments are recognised in the income statement in net investment income, except if reporting it in trading income reduces an accounting mismatch. All financial instruments are initially recognised at fair value on the date of initial recognition (including transaction costs, other than financial instruments held at fair value through profit or loss) and depending on the subsequent classification of the financial asset or liability, may continue to be held at fair value either through profit or loss or other comprehensive income. The fair value of a financial instrument is the price that would be received to sell an asset or paid to transfer a liability in an orderly transaction between market participants at the measurement date. Wherever possible, fair value is determined by reference to a quoted market price for that instrument. For many of the Barclays Bank Group’s financial assets and liabilities, especially derivatives, quoted prices are not available and valuation models are used to estimate fair value. The models calculate the expected cash flows under the terms of each specific contract and then discount these values back to a present value. These models use as their basis independently sourced market inputs including, for example, interest rate yield curves, equities and commodities prices, option volatilities and currency rates. For financial liabilities measured at fair value, the carrying amount reflects the effect on fair value of changes in own credit spreads derived from observable market data such as in primary issuance and redemption activity for structured notes. On initial recognition, it is presumed that the transaction price is the fair value unless there is observable information available in an active market to the contrary. The best evidence of an instrument’s fair value on initial recognition is typically the transaction price. However, if fair value can be evidenced by comparison with other observable current market transactions in the same instrument, or is based on a valuation technique whose inputs include only data from observable markets, then the instrument should be recognised at the fair value derived from such observable market data. For valuations that have made use of unobservable inputs, the difference between the model valuation and the initial transaction price (Day One profit) is recognised in profit or loss either: on a straight-line basis over the term of the transaction; or over the period until all model inputs will become observable where appropriate; or released in full when previously unobservable inputs become observable. Various factors influence the availability of observable inputs and these may vary from product to product and change over time. Factors include the depth of activity in the relevant market, the type of product, whether the product is new and not widely traded in the marketplace, the maturity of market modelling and the nature of the transaction (bespoke or generic). To the extent that valuation is based on models or inputs that are not observable in the market, the determination of fair value can be more subjective, dependent on the significance of the unobservable input to the overall valuation. Unobservable inputs are determined based on the best information available, for example by reference to similar assets, similar maturities or other analytical techniques. The sensitivity of valuations used in the financial statements to possible changes in significant unobservable inputs is shown on page 163. Critical accounting estimates and judgements The valuation of financial instruments often involves a significant degree of judgement and complexity, in particular where valuation models make use of unobservable inputs (‘Level 3’ assets and liabilities). This note provides information on these instruments, including the related unrealised gains and losses recognised in the period, a description of significant valuation techniques and unobservable inputs, and a sensitivity analysis. Climate related risks are assumed to be included in the fair values of assets and liabilities traded in active markets. Valuation IFRS 13 Fair value measurement requires an entity to classify its assets and liabilities according to a hierarchy that reflects the observability of significant market inputs. The three levels of the fair value hierarchy are defined below. Quoted market prices – Level 1 Assets and liabilities are classified as Level 1 if their value is observable in an active market. Such instruments are valued by reference to unadjusted quoted prices for identical assets or liabilities in active markets where the quoted price is readily available, and the price represents actual and regularly occurring market transactions. An active market is one in which transactions occur with sufficient volume and frequency to provide pricing information on an ongoing basis. Valuation technique using observable inputs – Level 2 Assets and liabilities classified as Level 2 have been valued using models whose inputs are observable either directly or indirectly. Valuations based on observable inputs include assets and liabilities such as swaps and forwards which are valued using market standard pricing techniques, and options that are commonly traded in markets where all the inputs to the market standard pricing models are observable. Valuation technique using significant unobservable inputs – Level 3 Assets and liabilities are classified as Level 3 if their valuation incorporates significant inputs that are not based on observable market data (unobservable inputs). A valuation input is considered observable if it can be directly observed from transactions in an active market, or if there is compelling external evidence demonstrating an executable exit price. Unobservable input levels are generally determined via reference to observable inputs, historical observations or using other analytical techniques. The following table shows Barclays Bank Group’s assets and liabilities that are held at fair value disaggregated by valuation technique (fair value hierarchy) and balance sheet classification: Assets and liabilities held at fair value 2022 2021 Valuation technique using Valuation technique using Level 1 Level 2 Level 3 Total Level 1 Level 2 Level 3 Total Barclays Bank Group £m £m £m £m £m £m £m £m Trading portfolio assets 62,469 64,822 6,480 133,771 80,836 63,754 2,281 146,871 Financial assets at fair value through the income statement 5,647 199,370 6,111 211,128 4,953 177,194 6,079 188,226 Derivative financial assets 10,054 287,749 5,173 302,976 6,150 252,131 4,010 262,291 Financial assets at fair value through other comprehensive income 15,029 30,051 4 45,084 16,070 29,800 38 45,908 Investment property — — 5 5 — — 7 7 Total assets 93,199 581,992 17,773 692,964 108,009 522,879 12,415 643,303 Trading portfolio liabilities (43,679) (28,725) (56) (72,460) (26,701) (26,563) (27) (53,291) Financial liabilities designated at fair value (133) (270,880) (1,042) (272,055) (174) (250,553) (404) (251,131) Derivative financial liabilities (10,823) (272,020) (6,363) (289,206) (6,571) (243,893) (6,059) (256,523) Total liabilities (54,635) (571,625) (7,461) (633,721) (33,446) (521,009) (6,490) (560,945) The following table shows Barclays Bank Group’s Level 3 assets and liabilities that are held at fair value disaggregated by product type: Level 3 Assets and liabilities held at fair value by product type 2022 2021 Assets Liabilities Assets Liabilities Barclays Bank Group £m £m £m £m Interest rate derivatives 2,361 (2,858) 1,091 (1,351) Foreign exchange derivatives 1,513 (1,474) 376 (374) Credit derivatives 290 (603) 323 (709) Equity derivatives 1,009 (1,428) 2,220 (3,625) Corporate debt 1,677 (49) 1,205 (21) Reverse repurchase and repurchase agreements 37 (434) 13 (172) Non-asset backed loans 8,105 — 3,743 — Private equity investments 140 — 148 — Other a 2,641 (615) 3,296 (238) Total 17,773 (7,461) 12,415 (6,490) Note a Other includes commercial real estate loans, asset backed loans, funds and fund-linked products, issued debt, Government and Government sponsored debt, asset backed securities, equities cash products and investment property. Valuation techniques and sensitivity analysis Sensitivity analysis is performed on products with significant unobservable inputs (Level 3) to generate a range of reasonably possible alternative valuations. The sensitivity methodologies applied take account of nature of the valuation techniques used, as well as availability and reliability of observable proxy and historical data and impact of using alternative models. Sensitivities are dynamically calculated on a monthly basis. The calculation is based on range or spread data of a reliable reference source or a scenario based on relevant market analysis alongside the impact of using alternative models. Sensitivities are calculated without reflecting the impact of any diversification in the portfolio. The valuation techniques used, observability and sensitivity analysis for material products within Level 3, are described below. Interest rate derivatives Description: Derivatives linked to interest rates or inflation indices. The category includes futures, interest rate and inflation swaps, swaptions, caps, floors, inflation options, balance guaranteed swaps and other exotic interest rate derivatives. Valuation: Interest rate and inflation derivatives are generally valued using curves of forward rates constructed from market data to project and discount the expected future cash flows of trades. Instruments with optionality are valued using volatilities implied from market inputs, and use industry standard or bespoke models depending on the product type. Observability: In general, inputs are considered observable up to liquid maturities which are determined separately for each input and underlying. Unobservable inputs are generally set by referencing liquid market instruments and applying extrapolation techniques or inferred via another reasonable method. Foreign exchange derivatives Description: Derivatives linked to the foreign exchange (FX) market. The category includes FX forward contracts, FX swaps and FX options. The majority are traded as over the counter (OTC) derivatives. Valuation: FX derivatives are valued using industry standard and bespoke models depending on the product type. Valuation inputs include FX rates, interest rates, FX volatilities, interest rate volatilities, FX interest rate correlations and others as appropriate. Observability: FX correlations, forwards and volatilities are generally observable up to liquid maturities which are determined separately for each input and underlying. Unobservable inputs are set by referencing liquid market instruments and applying extrapolation techniques, or inferred via another reasonable method. Credit derivatives Description: Derivatives linked to the credit spread of a referenced entity, index or basket of referenced entities or a pool of referenced assets (e.g. a securitised product). The category includes single name and index credit default swaps (CDS) and total return swaps (TRS). Valuation: CDS are valued on industry standard models using curves of credit spreads as the principal input. Credit spreads are observed directly from broker data, third party vendors or priced to proxies. Observability: CDS contracts referencing entities that are actively traded are generally considered observable. Other valuation inputs are considered observable if products with significant sensitivity to the inputs are actively traded in a liquid market. Unobservable valuation inputs are generally determined with reference to recent transactions or inferred from observable trades of the same issuer or similar entities. Equity derivatives Description: Exchange traded or OTC derivatives linked to equity indices and single names. The category includes vanilla and exotic equity products. Valuation: Equity derivatives are valued using industry standard models. Valuation inputs include stock prices, dividends, volatilities, interest rates, equity repurchase curves and, for multi-asset products, correlations. Observability: In general, valuation inputs are observable up to liquid maturities which are determined separately for each input and underlying. Unobservable inputs are set by referencing liquid market instruments and applying extrapolation techniques, or inferred via another reasonable method. Corporate debt Description: Primarily corporate bonds. Valuation: Corporate bonds are valued using observable market prices sourced from broker quotes, inter-dealer prices or other reliable pricing sources. Observability: Prices for actively traded bonds are considered observable. Unobservable bonds prices are generally determined by reference to bond yields or CDS spreads for actively traded instruments issued by or referencing the same (or a similar) issuer. Reverse repurchase and repurchase agreements Description: Includes securities purchased under resale agreements, securities sold under repurchase agreements, and other similar secured lending agreements. The agreements are primarily short-term in nature. Valuation: Repurchase and reverse repurchase agreements are generally valued by discounting the expected future cash flows using industry standard models that incorporate market interest rates and repurchase rates, based on the specific details of the transaction. Observability: Inputs are deemed observable up to liquid maturities or for consensus pricing with low pricing-range, and are determined based on the specific features of the transaction. Unobservable inputs are generally set by referencing liquid market instruments and applying extrapolation techniques, or inferred via another reasonable method. Non-asset backed loans Description: Largely made up of fixed rate loans. Valuation: Fixed rate loans are valued using models that discount expected future cash flows based on interest rates and loan spreads. Observability: Within this loan population, the loan spread is generally unobservable. Unobservable loan spreads are determined by incorporating funding costs, the level of comparable assets such as gilts, issuer credit quality and other factors. Private equity investments Description: Includes investments in equity holdings in operating companies not quoted on a public exchange. Valuation: Private equity investments are valued in accordance with the ‘International Private Equity and Venture Capital Valuation Guidelines’ which require the use of a number of individual pricing benchmarks such as the prices of recent transactions in the same or similar entities, discounted cash flow analysis and comparison with the earnings or revenue multiples of listed companies. While the valuation of unquoted equity instruments is subjective by nature, the relevant methodologies are commonly applied by other market participants and have been consistently applied over time. Observability: Inputs are considered observable if there is active trading in a liquid market of products with significant sensitivity to the inputs. Unobservable inputs include earnings or revenue estimates, multiples of comparative companies, marketability discounts and discount rates. Other Description: Other includes commercial real estate loans, funds and fund-linked products, asset backed loans, issued debt, Government sponsored debt, asset backed securities, equity cash products and investment property. Assets and liabilities reclassified between Level 1 and Level 2 During the year, there were no material transfers between Level 1 to Level 2. (2021: there were no material transfers between Level 1 and Level 2). Level 3 movement analysis The following table summarises the movements in the Level 3 balances during the year. Transfers have been reflected as if they had taken place at the beginning of the year. Assets and liabilities included in disposal groups classified as held for sale and measured at fair value less cost to sell are not included as these are measured at fair value on a non-recurring basis. Asset and liability transfers between Level 2 and Level 3 are primarily due to 1) an increase or decrease in observable market activity related to an input or 2) a change in the significance of the unobservable input, with assets and liabilities classified as Level 3 if an unobservable input is deemed significant. Analysis of movements in Level 3 assets and liabilities As at 1 January 2022 Total gains and (losses) in the period recognised in the income statement Total gains or (losses) recognised in OCI Transfers As at 31 December 2022 Purchases Sales Issues Settlements Trading income b Other income In Out Barclays Bank Group £m £m £m £m £m £m £m £m £m £m £m Corporate debt 389 392 (182) — (18) (39) — — 87 (34) 595 Non-asset backed loans 758 7,009 (2,635) — (19) (264) — — 10 (22) 4,837 Other 1,134 667 (412) — (298) (43) — — 275 (275) 1,048 Trading portfolio assets 2,281 8,068 (3,229) — (335) (346) — — 372 (331) 6,480 Non-asset backed loans 2,985 2,739 (1,019) — (1,203) (262) — — 49 (21) 3,268 Private equity investments 148 35 (59) — (3) 7 12 — — — 140 Other 2,946 6,483 (6,540) — (188) 1 2 — 17 (18) 2,703 Financial assets at fair value through the income statement 6,079 9,257 (7,618) — (1,394) (254) 14 — 66 (39) 6,111 Other 38 — — — (32) — — (2) — — 4 Financial assets at fair value through other comprehensive income 38 — — — (32) — — (2) — — 4 Investment property 7 — (1) — — — (1) — — — 5 Trading portfolio liabilities (27) (23) 8 — — 9 — — (27) 4 (56) Financial liabilities designated at fair value (404) (285) — (98) 82 70 1 — (448) 40 (1,042) Interest rate derivatives (260) (217) — — 54 (467) — — 431 (38) (497) Foreign exchange derivatives 2 — — — (6) 27 — — — 16 39 Credit derivatives (386) (4) (2) — 57 23 — — 11 (12) (313) Equity derivatives (1,405) (213) — — 332 307 — — (11) 571 (419) Net derivative financial instruments a (2,049) (434) (2) — 437 (110) — — 431 537 (1,190) Total 5,925 16,583 (10,842) (98) (1,242) (631) 14 (2) 394 211 10,312 Analysis of movements in Level 3 assets and liabilities As at 1 January 2021 Total gains and (losses) in the period recognised in the income statement Total gains or (losses) recognised in OCI Transfers As at 31 December 2021 Purchases Sales Issues Settlements Trading income b Other income In Out Barclays Bank Group £m £m £m £m £m £m £m £m £m £m £m Corporate debt 151 310 (123) — (12) 38 — — 41 (16) 389 Non-asset backed loans 709 1,580 (1,409) — (85) (1) — — 45 (81) 758 Other 1,003 371 (425) — (57) (49) — — 442 (151) 1,134 Trading portfolio assets 1,863 2,261 (1,957) — (154) (12) — — 528 (248) 2,281 Non-asset backed loans 2,280 1,379 (306) — (248) (59) (174) — 113 — 2,985 Private equity investments 88 68 (7) — (8) — 10 — 35 (38) 148 Other 2,024 11,256 (10,228) — (184) 2 28 — 49 (1) 2,946 Financial assets at fair value through the income statement 4,392 12,703 (10,541) — (440) (57) (136) — 197 (39) 6,079 Non-asset backed loans 106 — — — — — — — — (106) — Other 47 — — — (7) — — (2) — — 38 Financial assets at fair value through other comprehensive income 153 — — — (7) — — (2) — (106) 38 Investment property 10 — (2) — — — (1) — — — 7 Trading portfolio liabilities (28) (5) 23 — — (6) — — (12) 1 (27) Financial liabilities designated at fair value (341) (4) — (101) 66 21 — — (68) 23 (404) Interest rate derivatives (2) 20 — — 105 (255) — — 90 (218) (260) Foreign exchange derivatives 1 — — — 40 (2) — — 10 (47) 2 Credit derivatives (155) (239) 9 — (45) 34 — — 10 — (386) Equity derivatives (1,615) 90 (1) — (15) (3) — — (3) 142 (1,405) Net derivative financial instruments a (1,771) (129) 8 — 85 (226) — — 107 (123) (2,049) Total 4,278 14,826 (12,469) (101) (450) (280) (137) (2) 752 (492) 5,925 Notes a The derivative financial instruments are represented on a net basis. On a gross basis, derivative financial assets are £5,173m (2021: £4,010m) and derivative financial liabilities are £6,363m (2021: £6,059m). b Trading income represents gains and (losses) on Level 3 financial instruments which in the majority are offset by losses and gains on financial instruments disclosed in level 2. Unrealised gains and losses on Level 3 financial assets and liabilities The following tables disclose the unrealised gains and losses recognised in the year arising on Level 3 financial assets and liabilities held at year end. Unrealised gains and (losses) recognised during the period on Level 3 assets and liabilities held at year end 2022 2021 Income statement Other compre- Income statement Other Barclays Bank Group Trading income a Other income Total Trading income a Other income Total As at 31 December £m £m £m £m £m £m £m £m Trading portfolio assets (290) — — (290) (67) — — (67) Financial assets at fair value through the income statement (152) 9 — (143) (53) 22 — (31) Fair value through other comprehensive income — — — — — — — — Investment property — (1) — (1) — — — — Trading portfolio liabilities 8 — — 8 (5) — — (5) Financial liabilities designated at fair value 55 — — 55 16 (1) — 15 Net derivative financial instruments (80) — — (80) (196) — — (196) Total (459) 8 — (451) (305) 21 — (284) Note a. Trading income represents gains and (losses) on Level 3 financial instruments which in the majority are offset by losses and gains on financial instruments disclosed in level 2. Significant unobservable inputs The following table discloses the valuation techniques and significant unobservable inputs for assets and liabilities recognised at fair value and classified as Level 3 along with the range of values used for those significant unobservable inputs: Valuation technique(s) a Significant unobservable inputs 2022 2021 Range Range Barclays Bank Group Min Max Min Max Units b Derivative financial instruments c Interest rate derivatives Discounted cash flows Inflation forwards 3 5 0 3 % Credit spread 17 2,159 9 1,848 bps Yield (3) 56 — — % Correlation Model Inflation forwards (20) (13) (20) (13) % Option model Inflation volatility 49 315 31 130 bps vol Interest rate volatility 36 430 5 600 bps vol Option volatility 57 60 — — £m FX - IR correlation (20) 78 (20) 78 % IR - IR correlation 12 99 (100) 99 % Credit derivatives Discounted cash flows Credit spread 3 2,943 2 2,925 bps Comparable pricing Price 79 92 — — points Equity derivatives Option model Equity volatility 3 140 2 108 % Equity - equity correlation 40 100 10 100 % Discounted cash flow Discounted margin (205) 634 (129) 93 bps Foreign exchange derivatives Option Model Option Volatility 0 100 0 100 points Discount cash flows Yield (3) 4 — — % Non-derivative financial instruments Non-asset backed loans Discounted cash flows Loan spread 51 801 31 811 bps Credit spread 200 300 200 300 bps Yield 5 34 3 10 % Comparable pricing Price 0 101 0 145 points Corporate debt Comparable pricing Price 0 232 0 284 points Discounted cash flows Loan spread 229 834 229 854 bps Commercial Real Estate loans Discounted cash flows Credit spread 267 426 68 543 bps Reverse repurchase and repurchase agreements Discounted cash flows Repo spread 321 502 — — bps Issued debt Discounted cash flows Credit spread 73 548 — — bps Option model Equity volatility 3 111 — — % Interest rate volatility 42 261 — — bps vol Notes a A range has not been provided for Net Asset Value as there would be a wide range reflecting the diverse nature of the positions. b The units used to disclose ranges for significant unobservable inputs are percentages, points and basis points. Points are a percentage of par; for example, 100 points equals 100% of par. A basis point equals 1/100th of 1%; for example, 150 basis points equals 1.5%. c Certain derivative instruments are classified as Level 3 due to a significant unobservable credit spread input into the calculation of the Credit Valuation Adjustment for the instruments. The range of significant unobservable credit spreads is between 17bps- 2,159bps (2021: 32bps-1,848bps). The following section describes the significant unobservable inputs identified in the table above, and the sensitivity of fair value measurement of the instruments categorised as Level 3 assets or liabilities to increases in significant unobservable inputs. Where sensitivities are described, the inverse relationship will also generally apply. Where reliable interrelationships can be identified between significant unobservable inputs used in fair value measurement, a description of those interrelationships is included below. Forwards A price or rate that is applicable to a financial transaction that will take place in the future. In general, a significant increase in a forward in isolation will result in a fair value increase for the contracted receiver of the underlying (currency, bond, commodity, etc.), but the sensitivity is dependent on the specific terms of the instrument. Credit spread Credit spreads typically represent the difference in yield between an instrument and a benchmark security or reference rate. Credit spreads reflect the additional yield that a market participant demands for taking on exposure to the credit risk of an instrument and form part of the yield used in a discounted cash flow calculation. In general, a significant increase in credit spread in isolation will result in a fair value decrease for a cash asset. For a derivative instrument, a significant increase in credit spread in isolation can result in a fair value increase or decrease depending on the specific terms of the instrument. Volatility Volatility is a measure of the variability or uncertainty in return for a given derivative underlying. It is an estimate of how much a particular underlying instrument input or index will change in value over time. In general, volatilities are implied from observed option prices. For unobservable options the implied volatility may reflect additional assumptions about the nature of the underlying risk, and the strike/maturity profile of a specific contract. In general a significant increase in volatility in isolation will result in a fair value increase for the holder of a simple option, but the sensitivity is dependent on the specific terms of the instrument. There may be interrelationships between unobservable volatilities and other unobservable inputs (e.g. when equity prices fall, implied equity volatilities generally rise) but these are generally specific to individual markets and may vary over time. Correlation Correlation is a measure of the relationship between the movements of two variables. Correlation can be a significant input into valuation of derivative contracts with more than one underlying instrument. Credit correlation generally refers to the correlation between default processes for the separate names that make up the reference pool of a collateralised debt obligation (CDO) structure. A significant increase in correlation in isolation can result in a fair value increase or decrease depending on the specific terms of the instrument. Comparable price Comparable instrument prices are used in valuation by calculating an implied yield (or spread over a liquid benchmark) from the price of a comparable observable instrument, then adjusting that yield (or spread) to account for relevant differences such as maturity or credit quality. Alternatively, a price-to-price basis can be assumed between the comparable and unobservable instruments in order to establish a value. Non-asset backed loans includes a portfolio of loans extended to clients within the Barclays Bank Group’s leveraged finance business. Leveraged finance loans are originated where Barclays Bank Group provide financing commitments to clients to facilitate strategic transactions such as leverage buyouts and acquisitions. The sensitivity of the portfolio to unobservable inputs is judgmental reflecting their illiquid nature and the significance of unobservable price inputs to the valuation. In general, a significant increase in comparable price in isolation will result in an increase in the price of the unobservable instrument. For derivatives, a change in the comparable price in isolation can result in a fair value increase or decrease depending on the specific terms of the instrument. Loan spread Loan spreads typically represent the difference in yield between an instrument and a benchmark security or reference rate. Loan spreads typically reflect credit quality, the level of comparable assets such as gilts and other factors, and form part of the yield used in a discounted cash flow calculation. Non-asset backed loans contains a portfolio primarily consisting of long-dated fixed rate loans extended to counterparties in the UK Education, Social Housing and Local Authority sectors (ESHLA). The loans are categorised as Level 3 in the fair value hierarchy due to their illiquid nature and the significance of unobservable loan spreads to the valuation. Valuation uncertainty arises from the long-dated nature of the portfolio, the lack of secondary market in the loans and the lack of observable loan spreads. The majority of ESHLA loans are to borrowers in heavily regulated sectors that are considered extremely low credit risk, and have a history of near zero defaults since inception. While the overall loan spread range is from 51bps to 297bps (2021: 31bps to 601bps), the vast majority of spreads are concentrated towards the bottom end of this range, with 97% (2021: 99%) of the loan notional being valued with spreads less than 200bps consistently for both years. In general, a significant increase in loan spreads in isolation will result in a fair value decrease for a loan. Sensitivity analysis of valuations using unobservable inputs 2022 2021 Favourable changes Unfavourable changes Favourable changes Unfavourable changes Income statement Equity Income statement Equity Income statement Equity Income statement Equity Barclays Bank Group £m £m £m £m £m £m £m £m Interest rate derivatives 119 — (155) — 51 — (79) — Foreign exchange derivatives 16 — (22) — 20 — (28) — Credit derivatives 79 — (71) — 112 — (103) — Equity derivatives 161 — (168) — 181 — (190) — Corporate debt 45 — (27) — 38 — (28) — Non asset backed loans 244 — (450) — 99 — (150) — Private equity investments 10 — (10) — 10 — (11) — Other a 53 — (64) — 44 — (62) — Total 727 — (967) — 555 — (651) — Note a Other includes asset backed loans, equity cash products and funds and fund-linked products. The effect of stressing unobservable inputs to a range of reasonably possible alternatives, alongside considering the impact of using alternative models, would be to increase fair values by up to £727m (2021: £555m) or to decrease fair values by up to £967m (2021: £651m) with all the potential effect impacting profit and loss. Fair value adjustments Key balance sheet valuation adjustments are quantified below: 2022 2021 Barclays Bank Group £m £m Exit price adjustments derived from market bid-offer spreads (566) (498) Uncollateralised derivative funding (11) (127) Derivative credit valuation adjustments (319) (212) Derivative debit valuation adjustments 208 91 Exit price adjustments derived from market bid-offer spreads Barclays Bank Group uses mid-market pricing where it is a market maker and has the ability to transact at, or better than, mid price (which is the case for certain equity, bond and vanilla derivative markets). For other financial assets and liabilities, bid-offer adjustments are recorded to reflect the exit level for the expected close out strategy. The methodology for determining the bid-offer adjustment for a derivative portfolio involves calculating the net risk exposure by offsetting long and short positions by strike and term in accordance with the risk management and hedging strategy. Bid-offer levels are generally derived from market quotes such as broker data. Less liquid instruments may not have a directly observable bid-offer level. In such instances, an exit price adjustment may be derived from an observable bid-offer level for a comparable liquid instrument, or determined by calibrating to derivative prices, or by sc |
Offsetting financial assets and
Offsetting financial assets and financial liabilities | 12 Months Ended |
Dec. 31, 2022 | |
Offsetting financial assets and financial liabilities | |
Offsetting of financial assets and financial liabilities | Offsetting financial assets and financial liabilities In accordance with IAS 32 Financial Instruments: Presentation , the Barclays Bank Group reports financial assets and financial liabilities on a net basis on the balance sheet only if there is a legally enforceable right to set-off the recognised amounts and there is intention to settle on a net basis, or to realise the asset and settle the liability simultaneously. The following table shows the impact of netting arrangements on: ▪ All financial assets and liabilities that are reported net on the balance sheet. ▪ All derivative financial instruments and reverse repurchase and repurchase agreements and other similar secured lending and borrowing agreements that are subject to enforceable master netting arrangements or similar agreements, but do not qualify for balance sheet netting. The ‘Net amounts’ presented in the table below are not intended to represent the Barclays Bank Group’s actual exposure to credit risk, as a variety of credit mitigation strategies are employed in addition to netting and collateral arrangements. Barclays Bank Group Amounts subject to enforceable netting arrangements Amounts not subject to enforceable netting arrangements c Balance sheet total d Effects of offsetting on-balance sheet Related amounts not offset Gross amounts Amounts offset a Net amounts reported on the balance sheet Financial instruments Financial collateral b Net amount As at 31 December 2022 £m £m £m £m £m £m £m £m Derivative financial assets 374,848 (76,429) 298,419 (238,062) (45,920) 14,437 4,557 302,976 Reverse repurchase agreements and other similar secured lending e 560,060 (397,439) 162,621 — (161,992) 629 2,802 165,423 Total assets 934,908 (473,868) 461,040 (238,062) (207,912) 15,066 7,359 468,399 Derivative financial liabilities (360,242) 76,530 (283,712) 238,062 26,407 (19,243) (5,494) (289,206) Repurchase agreements and other similar secured borrowing e (573,332) 397,439 (175,893) — 175,893 — (9,244) (185,137) Total liabilities (933,574) 473,969 (459,605) 238,062 202,300 (19,243) (14,738) (474,343) As at 31 December 2021 Derivative financial assets 279,286 (24,137) 255,149 (202,347) (39,953) 12,849 7,142 262,291 Reverse repurchase agreements and other similar secured lending e 519,855 (375,376) 144,479 — (143,976) 503 3,884 148,363 Total assets 799,141 (399,513) 399,628 (202,347) (183,929) 13,352 11,026 410,654 Derivative financial liabilities (273,996) 23,606 (250,390) 202,347 34,151 (13,892) (6,133) (256,523) Repurchase agreements and other similar secured borrowing e (540,462) 375,376 (165,086) — 165,086 — (15,758) (180,844) Total liabilities (814,458) 398,982 (415,476) 202,347 199,237 (13,892) (21,891) (437,367) Notes a Amounts offset for derivative financial assets additionally includes cash collateral netted of £15,199m (2021: £3,815m). Amounts offset for derivative financial liabilities additionally includes cash collateral netted of £15,098m (2021: £4,346m). Settlements assets and liabilities have been offset amounting to £24,250m (2021: £22,837m). b Financial collateral of £45,920m (2021: £39,953m) was received in respect of derivative assets, including £34,496m (2021: £34,149m) of cash collateral and £11,424m (2021: £5,804m) of non-cash collateral. Financial collateral of £26,407m (2021: £34,151m) was placed in respect of derivative liabilities, including £24,990m (2021: £31,861m) of cash collateral and £1,417m (2021: £2,290m) of non-cash collateral. The collateral amounts are limited to net balance sheet exposure so as to not include over-collateralisation. c This column includes contractual rights of set-off that are subject to uncertainty under the laws of the relevant jurisdiction. d The balance sheet total is the sum of ‘Net amounts reported on the balance sheet’ that are subject to enforceable netting arrangements and ‘Amounts not subject to enforceable netting arrangements’. e Reverse Repurchase agreements and other similar secured lending of £165,423m (2021: £148,363m) is split by fair value £164,698m (2021: £145,186m) and amortised cost £725m (2021: £3,177m). Repurchase agreements and other similar secured borrowing of £185,137m (2021: £180,844m) is split by fair value £173,172m (2021: £168,075m) and amortised cost £11,965m (2021: £12,769m). Derivative assets and liabilities The ‘Financial instruments’ column identifies financial assets and liabilities that are subject to set off under netting agreements, such as the ISDA Master Agreement or derivative exchange or clearing counterparty agreements, whereby all outstanding transactions with the same counterparty can be offset and close-out netting applied across all outstanding transactions covered by the agreements if an event of default or other predetermined events occur. Financial collateral refers to cash and non-cash collateral obtained, typically daily or weekly, to cover the net exposure between counterparties by enabling the collateral to be realised in an event of default or if other predetermined events occur. Reverse repurchase and repurchase agreements and other similar secured lending and borrowing The ‘Financial instruments’ column identifies financial assets and liabilities that are subject to set off under netting agreements, such as Global Master Repurchase Agreements and Global Master Securities Lending Agreements, whereby all outstanding transactions with the same counterparty can be offset and close-out netting applied across all outstanding transactions covered by the agreements if an event of default or other predetermined events occur. Financial collateral typically comprises highly liquid securities which are legally transferred and can be liquidated in the event of counterparty default. These offsetting collateral arrangements and other credit risk mitigation strategies used by the Barclays Bank Group are further explained in the Credit risk mitigation section on page 46. |
Loans and advances and deposits
Loans and advances and deposits at amortised cost | 12 Months Ended |
Dec. 31, 2022 | |
Loans and advances and deposits at amortised cost | |
Loans and advances and deposits at amortised cost | 18 Loans and advances and deposits at amortised cost Accounting for loans and advances and deposits held at amortised cost Loans and advances to customers and banks, customer accounts, debt securities and most financial liabilities are held at amortised cost. That is, the initial fair value (which is normally the amount advanced or borrowed) is adjusted for repayments and the amortisation of coupon, fees and expenses to represent the effective interest rate of the asset or liability. Balances deferred on-balance sheet as effective interest rate adjustments are amortised to interest income over the life of the financial instrument to which they relate. Financial assets that are held in a business model to collect the contractual cash flows and that contain contractual terms that give rise on specified dates to cash flows that are SPPI are measured at amortised cost. The carrying value of these financial assets at initial recognition includes any directly attributable transaction costs. Refer to Note 1 for details of ‘solely payments of principal and interest’. In determining whether the business model is a ‘hold to collect’ model, the objective of the business model must be to hold the financial asset to collect contractual cash flows rather than holding the financial asset for trading or short-term profit taking purposes. While the objective of the business model must be to hold the financial asset to collect contractual cash flows this does not mean the Barclays Bank Group is required to hold the financial assets until maturity. When determining if the business model objective is to collect contractual cash flows the Barclays Bank Group will consider past sales and expectations about future sales. Loans and advances and deposits at amortised cost Barclays Bank Group 2022 2021 As at 31 December £m £m Loans and advances at amortised cost to banks 8,961 8,750 Loans and advances at amortised cost to customers 146,243 117,014 Debt securities at amortised cost 27,303 19,495 Total loans and advances at amortised cost 182,507 145,259 Deposits at amortised cost from banks 20,124 17,911 Deposits at amortised cost from customers 271,455 244,917 Total deposits at amortised cost 291,579 262,828 |
Property, plant and equipment
Property, plant and equipment | 12 Months Ended |
Dec. 31, 2022 | |
Disclosure of detailed information about property, plant and equipment [abstract] | |
Property, plant and equipment | Property, plant and equipment Accounting for property, plant and equipment The Barclays Bank Group applies IAS 16 Property Plant and Equipment and IAS 40 Investment Properties. Property, plant and equipment is stated at cost, which includes direct and incremental acquisition costs less accumulated depreciation and provisions for impairment, if required. Subsequent costs are capitalised if these result in enhancement of the asset. Depreciation is provided on the depreciable amount of items of property, plant and equipment on a straight-line basis over their estimated useful economic lives. Depreciation rates, methods and the residual values underlying the calculation of depreciation of items of property, plant and equipment are kept under review to take account of any change in circumstances. The Barclays Bank Group uses the following annual rates in calculating depreciation: Annual rates in calculating depreciation Depreciation rate Freehold land Not depreciated Freehold buildings and long-leasehold property (more than 50 years to run) 2%-3.3% Leasehold property over the remaining life of the lease (less than 50 years to run) Over the remaining life of the lease Costs of adaptation of freehold and leasehold property 6%-10% Equipment installed in freehold and leasehold property 6%-10% Computers and similar equipment 17%-33% Fixtures and fittings and other equipment 9%-20% Costs of adaptation and installed equipment are depreciated over the shorter of the life of the lease or the depreciation rates noted in the table above. Investment property The Barclays Bank Group initially recognises investment property at cost, and subsequently at fair value at each balance sheet date, reflecting market conditions at the reporting date. Gains and losses on remeasurement are included in the income statement. Barclays Bank Group Investment property Property Equipment Right of use assets a Total £m £m £m £m £m Cost As at 1 January 2022 7 1,702 1,058 715 3,482 Additions — 93 79 20 192 Disposals b (1) (269) (212) (14) (496) Exchange and other movements (1) 98 114 60 271 As at 31 December 2022 5 1,624 1,039 781 3,449 Accumulated depreciation and impairment As at 1 January 2022 — (920) (877) (437) (2,234) Depreciation charge — (70) (61) (69) (200) Impairment charge — — — (13) (13) Disposals — 269 209 16 494 Exchange and other movements — (61) (46) (10) (117) As at 31 December 2022 — (782) (775) (513) (2,070) Net book value 5 842 264 268 1,379 Cost As at 1 January 2021 10 1,619 987 688 3,304 Additions — 85 70 27 182 Disposals (2) (32) (12) (58) (104) Exchange and other movements (1) 30 13 58 100 As at 31 December 2021 7 1,702 1,058 715 3,482 Accumulated depreciation and impairment As at 1 January 2021 — (730) (821) (216) (1,767) Depreciation charge — (70) (55) (68) (193) Impairment charge — (108) — (160) (268) Disposals — 27 10 9 46 Exchange and other movements — (39) (11) (2) (52) As at 31 December 2021 — (920) (877) (437) (2,234) Net book value 7 782 181 278 1,248 Notes a Right of use (ROU) asset balances relate to Property Leases under IFRS 16. Refer to Note 20 for further details. b Disposals pertain to fully depreciated assets which are not in use. Property rentals of £8m (2021: £6m) have been included in other income within The Barclays Bank Group. The fair value of investment property is determined by reference to current market prices for similar properties, adjusted as necessary for condition and location, or by reference to recent transactions updated to reflect current economic conditions. Discounted cash flow techniques may be employed to calculate fair value where there have been no recent transactions, using current external market inputs such as market rents and interest rates. Valuations are carried out by management with the support of appropriately qualified independent valuers. |
Leases
Leases | 12 Months Ended |
Dec. 31, 2022 | |
Leases | |
Leases | Leases Accounting for leases IFRS 16 applies to all leases with the exception of licenses of intellectual property, rights held by licensing agreement within the scope of IAS 38 Intangible Assets, service concession arrangements, leases of biological assets within the scope of IAS 41 Agriculture and leases of minerals, oil, natural gas and similar non-regenerative resources. IFRS 16 includes an accounting policy choice for a lessee to elect not to apply IFRS 16 to remaining assets within the scope of IAS 38 Intangible Assets which the Barclays Bank Group has decided to apply. When the Barclays Bank Group is the lessee, it is required to recognise both: ▪ a lease liability, measured at the present value of remaining cash flows on the lease; and ▪ a right of use (ROU) asset, measured at the amount of the initial measurement of the lease liability, plus any lease payments made prior to commencement date, initial direct costs, and estimated costs of restoring the underlying asset to the condition required by the lease, less any lease incentives received. Subsequently the lease liability will increase for the accrual of interest, resulting in a constant rate of return throughout the life of the lease, and reduce when payments are made. The right of use asset will amortise to the income statement over the life of the lease. The lease liability is remeasured when there is a change in the one of the following: ▪ future lease payments arising from a change in an index or rate; ▪ the Barclays Bank Group’s estimate of the amount expected to be payable under a residual value guarantee; or ▪ the Barclays Bank Group’s assessment of whether it will exercise a purchase, extension or termination option. When the lease liability is remeasured a corresponding adjustment is made to the carrying amount of the ROU asset, or is recorded in the income statement if the carrying amount of the ROU asset has been reduced to nil. On the balance sheet, the ROU assets are included within property, plant and equipment and the lease liabilities are included within other liabilities. The Barclays Bank Group applies the recognition exemption in IFRS 16 for leases with a term not exceeding 12 months. For these leases the lease payments are recognised as an expense on a straight line basis over the lease term unless another systematic basis is more appropriate. When the Barclays Bank Group is the lessor, the lease must be classified as either a finance lease or an operating lease. A finance lease is a lease which confers substantially all the risks and rewards of the leased assets on the lessee. An operating lease is a lease where substantially all of the risks and rewards of the leased asset remain with the lessor. When the lease is deemed a finance lease, the leased asset is not held on the balance sheet; instead a finance lease receivable is recognised representing the minimum lease payments receivable under the terms of the lease, discounted at the rate of interest implicit in the lease. When the lease is deemed an operating lease, the lease income is recognised on a straight-line basis over the period of the lease unless another systematic basis is more appropriate. The Barclays Bank Group holds the leased assets on balance sheet within property, plant and equipment. As a Lessor The Barclays Bank Group and Barclays Bank PLC do not have any material operating and finance leases as a lessor. As a Lessee The Barclays Bank Group leases various offices, branches and other premises under non-cancellable lease arrangements to meet its operational business requirements. In some instances, the Barclays Bank Group will sublease property to third parties when it is no longer needed to meet business requirements. Currently, the Barclays Bank Group does not have any material subleasing arrangements. ROU asset balances relate to property leases only. Refer to Note 19 for the carrying amount of ROU assets. The Barclays Bank Group has not recognised any expense related to short term leases during the current and previous year. Lease liabilities Barclays Bank Group 2022 2021 £m £m As at 1 January 495 515 Interest expense 18 20 New leases 18 38 Disposals (4) (45) Cash payments (89) (92) Exchange and other movements 58 59 As at 31 December (see Note 22) 496 495 The below table sets out a maturity analysis of undiscounted lease liabilities, showing the lease payments after the reporting date. Undiscounted lease liabilities maturity analysis Barclays Bank Group 2022 2021 £m £m Not more than one year 91 81 One to two years 94 77 Two to three years 80 74 Three to four years 66 66 Four to five years 66 60 Five to ten years 181 210 Greater than ten years 19 30 Total undiscounted lease liabilities as at 31 December 597 598 In addition to the cash flows identified above, the Barclays Bank Group is exposed to: • Variable lease payments: This variability will typically arise from either inflation index instruments or market-based pricing adjustments. Currently, Barclays Bank Group has 41 leases (2021: 47 leases) out of the total 106 leases (2021: 110 leases) which have variable lease payment terms based on market based pricing adjustments. Of the gross cash flows identified above, £418m (2021: £362m) is attributable to leases with some degree of variability predominately linked to market based pricing adjustments. |
Goodwill and intangible assets
Goodwill and intangible assets | 12 Months Ended |
Dec. 31, 2022 | |
Intangible assets and goodwill [abstract] | |
Goodwill and intangible assets | Goodwill and intangible assets Accounting for goodwill and intangible assets Goodwill The carrying value of goodwill is determined in accordance with IFRS 3 Business Combinations and IAS 36 Impairment of Assets. Goodwill arising on the acquisition of subsidiaries represents the excess of the fair value of the purchase consideration over the fair value of the Barclays Bank Group’s share of the assets acquired and the liabilities and contingent liabilities assumed on the date of the acquisition. Goodwill is reviewed annually for impairment, or more frequently when there are indications that impairment may have occurred. The test involves comparing the carrying value of the cash generating unit (CGU) including goodwill with the present value of the pre-tax cash flows, discounted at a rate of interest that reflects the inherent risks, of the CGU to which the goodwill relates, or the CGU's fair value if this is higher. Intangible assets Intangible assets other than goodwill are accounted for in accordance with IAS 38 Intangible Assets. Intangible assets are initially recognised when they are separable or arise from contractual or other legal rights, the cost can be measured reliably and, in the case of intangible assets not acquired in a business combination, where it is probable that future economic benefits attributable to the assets will flow from their use. For internally generated intangible assets, only costs incurred during the development phase are capitalised. Expenditure in the research phase is expensed when it is incurred. Intangible assets are stated at cost (which is, in the case of assets acquired in a business combination, the acquisition date fair value) less accumulated amortisation and provisions for impairment, if any, and are amortised over their useful lives in a manner that reflects the pattern to which they contribute to future cash flows, generally using the amortisation periods set out below: Annual rates in calculating amortisation Amortisation period Goodwill Not amortised Internally generated software a 12 months to 6 years Other software 12 months to 6 years Customer lists 12 months to 25 years Licences and other 12 months to 25 years Note a Exceptions to the above period relate to useful lives of certain core banking platforms that are assessed individually and, if appropriate, amortised over longer periods ranging from 10 years to 15 years. Intangible assets are reviewed for impairment when there are indications that impairment may have occurred. Intangible assets not yet available for use are reviewed annually for impairment. Intangible assets Goodwill Internally generated software Other software Customer lists Licences and other Total £m £m £m £m £m £m Barclays Bank Group Cost As at 1 January 2022 326 1,508 95 1,339 876 4,144 Additions — 275 — 76 17 368 Disposals a — (427) (13) (12) (33) (485) Exchange and other movements 19 121 9 159 96 404 As at 31 December 2022 345 1,477 91 1,562 956 4,431 Accumulated amortisation and impairment As at 1 January 2022 (68) (966) (52) (1,207) (402) (2,695) Disposals a — 427 13 12 33 485 Amortisation charge — (153) (6) (44) (67) (270) Impairment charge — — — — — — Exchange and other movements — (95) (4) (143) (44) (286) As at 31 December 2022 (68) (787) (49) (1,382) (480) (2,766) Net book value 277 690 42 180 476 1,665 Goodwill Internally generated software Other software Customer lists Licences and other Total £m £m £m £m £m £m Barclays Bank Group Cost As at 1 January 2021 324 1,539 106 1,325 457 3,751 Additions b — 195 1 — 405 601 Disposals a — (148) (12) (5) (2) (167) Exchange and other movements 2 (78) 0 19 16 (41) As at 31 December 2021 326 1,508 95 1,339 876 4,144 Accumulated amortisation and impairment As at 1 January 2021 (68) (964) (55) (1,158) (352) (2,597) Disposals a — 148 12 5 2 167 Amortisation charge — (126) (6) (36) (42) (210) Impairment charge — (12) — — — (12) Exchange and other movements — (12) (3) (18) (10) (43) As at 31 December 2021 (68) (966) (52) (1,207) (402) (2,695) Net book value 258 542 43 132 474 1,449 Note a. Disposals pertain to fully amortised assets which are not in use. b. Additions in 'Licences and other' primarily relate to new and renewed long-term partnership agreements. Goodwill Goodwill is allocated to business operations according to business segments as follows: Barclays Bank Group 2022 2021 £m £m Consumer, Cards and Payments 277 258 Total net book value of goodwill 277 258 2022 impairment review The 2022 impairment review was performed during Q4 2022. A detailed assessment has been performed, with the approach and results of this analysis set out below. Determining the carrying value of CGUs The carrying value for each CGU is the sum of the tangible equity, goodwill and intangible asset balances associated with that CGU. The Barclays Bank Group manages the assets and liabilities of its CGUs with reference to the tangible equity of the respective businesses. That tangible equity is derived from the level of risk weighted assets (RWAs) and capital required to be deployed in the CGU and therefore reflects its relative risk, as well as the level of capital that management considers a market participant would be required to hold and retain to support business growth. The goodwill held across the Barclays Bank Group has been allocated to the CGU where it originated, based upon historical records. The intangible asset balances are allocated to the CGUs based upon their expected usage of these assets. Cash flows The five-year cash flows used in the calculation of value in use are based on the formally agreed medium-term plans approved by the Board. These are prepared using macroeconomic assumptions which management considers reasonable and supportable, and reflect business agreed initiatives for the forecast period. Discount rates IAS 36 requires that the discount rate used in a value in use calculation reflects the pre-tax rate an investor would require if they were to choose an investment that would generate similar cash flows to those that the entity expects to generate from the asset. In determining the discount rate, management have in previous years identified the cost of equity associated with market participants that closely resemble the Barclays Bank Group's CGUs and adjusted them for tax to arrive at the pre-tax equivalent rate. This method assumed a static rate of tax that was applicable to the pre-tax cash flows of the CGU. The cost of equity without adjusting for the tax rate has been used as the discount rate in the 2022 impairment assessment and applied to the post tax cash flows of the CGU. This post-tax method incorporates the impact of changing tax rates on the cash flows and is expected to produce the same VIU result as the pre-tax method adjusted for varying tax rates. Using the resultant VIU the equivalent pre-tax discount rates have been calculated. The range of equivalent pre-tax discount rates applicable across the CGUs range from 14.1% to 16.0% (2021: 12.5% to 14.7%). Terminal growth rate The terminal growth rate is used to estimate the effect of projecting cash flows to the end of an asset’s useful economic life. It is management’s judgement that the cash flows associated with the CGUs will grow in line with the major economies in which the Barclays Bank Group operates. The UK inflation rate is used as an approximation for the future growth rates. The terminal growth rate used is 2.0% (2021: 2.0%). Outcome of goodwill and intangibles review Based on management’s plans and assumptions the value in use exceeds the carrying value of the CGUs and no impairment has been indicated by the 2022 impairment review. Other intangible assets Determining the estimated useful lives of intangible assets (such as those arising from contractual relationships) requires an analysis of circumstances. The assessment of whether an asset is exhibiting indicators of impairment as well as the calculation of impairment, which requires the estimate of future cash flows and fair values less costs to sell, also requires the preparation of cash flow forecasts and fair values for assets that may not be regularly bought and sold. |
Other liabilities
Other liabilities | 12 Months Ended |
Dec. 31, 2022 | |
Accruals and deferred income including contract liabilities [abstract] | |
Other liabilities | Other liabilities Barclays Bank Group 2022 2021 £m £m Accruals and deferred income 2,973 2,657 Other creditors 7,255 4,030 Items in the course of collection due to other banks 55 67 Lease liabilities (refer to Note 20) 496 495 Other liabilities 10,779 7,249 |
Provisions
Provisions | 12 Months Ended |
Dec. 31, 2022 | |
Provisions [abstract] | |
Provisions | Provisions Accounting for provisions The Barclays Bank Group applies IAS 37 Provisions, Contingent Liabilities and Contingent Assets in accounting for non-financial liabilities. Provisions are recognised for present obligations arising as consequences of past events where it is more likely than not that a transfer of economic benefit will be necessary to settle the obligation, which can be reliably estimated. Provision is made for the anticipated cost of restructuring, including redundancy costs, when an obligation exists; for example, when the Barclays Bank Group has a detailed formal plan for restructuring a business and has raised valid expectations in those affected by the restructuring by announcing its main features or starting to implement the plan. Critical accounting estimates and judgements The financial reporting of provisions involves a significant degree of judgement and is complex. Identifying whether a present obligation exists and estimating the probability, timing, nature and quantum of the outflows that may arise from past events requires judgements to be made based on the specific facts and circumstances relating to individual events and often requires specialist professional advice. When matters are at an early stage, accounting judgements and estimates can be difficult because of the high degree of uncertainty involved. Management continues to monitor matters as they develop to re-evaluate on an ongoing basis whether provisions should be recognised, however there can remain a wide range of possible outcomes and uncertainties, particularly in relation to legal, competition and regulatory matters, and as a result it is often not practicable to make meaningful estimates even when matters are at a more advanced stage. The complexity of such matters often requires the input of specialist professional advice in making assessments to produce estimates. Customer redress and legal, competition and regulatory matters are areas where a higher degree of professional judgement is required. The amount that is recognised as a provision can also be very sensitive to the assumptions made in calculating it. This gives rise to a large range of potential outcomes which require judgement in determining an appropriate provision level. See Note 25 for more detail of legal, competition and regulatory matters. Onerous contracts Redundancy and restructuring Undrawn contractually committed facilities and guarantees provided a Customer redress Legal, competition and regulatory matters Sundry provisions Total £m £m £m £m £m £m £m Barclays Bank Group As at 1 January 2022 2 46 499 266 211 86 1,110 Additions — 59 133 846 422 49 1,509 Amounts utilised (1) (42) — (1,154) (542) (9) (1,748) Unused amounts reversed (1) (19) (123) (76) (15) (13) (247) Exchange and other movements — 1 23 164 37 9 234 As at 31 December 2022 — 45 532 46 113 122 858 Note a. Undrawn contractually committed facilities and guarantees provisions are accounted for under IFRS 9 Provisions expected to be recovered or settled within no more than 12 months after 31 December 2022 for Barclays Bank Group were £764m (2021: £1,023m) and for Barclays Bank PLC were £560m (2021: £881m). Onerous contracts Onerous contract provisions comprise an estimate of the costs involved with fulfilling the terms and conditions of contracts net of any expected benefits to be received. Redundancy and restructuring These provisions comprise the estimated cost of restructuring, including redundancy costs where an obligation exists. Additions made during the year relate to formal restructuring plans and have either been utilised or reversed where total costs are now expected to be lower than the original provision amount. Undrawn contractually committed facilities and guarantees Impairment allowance under IFRS 9 considers both the drawn and the undrawn counterparty exposure. For retail portfolios, the total impairment allowance is allocated to the drawn exposure to the extent that the allowance does not exceed the exposure as ECL is not reported separately. Any excess is reported on the liability side of the balance sheet as a provision. For wholesale portfolios the impairment allowance on the undrawn exposure is reported on the liability side of the balance sheet as a provision. For further information, refer to the Credit Risk section for loan commitments and financial guarantees on page 61. Customer redress Customer redress provisions comprise the estimated cost of making redress payments to customers, clients and counterparties for losses or damages associated with inappropriate judgement in the execution of the Barclays Bank Group’s business activities. Legal, competition and regulatory matters The Barclays Bank Group is engaged in various legal proceedings, both in the UK and a number of other overseas jurisdictions, including the US. For further information in relation to legal proceedings and discussion of the associated uncertainties, please refer to Note 25. Sundry provisions This category includes provisions that do not fit into any of the other categories, such as fraud losses and dilapidation provisions. |
Contingent liabilities and comm
Contingent liabilities and commitments | 12 Months Ended |
Dec. 31, 2022 | |
Disclosure of contingent liabilities [abstract] | |
Contingent liabilities and commitments | Contingent liabilities and commitments Accounting for contingent liabilities Contingent liabilities are possible obligations whose existence will be confirmed only by uncertain future events and present obligations where the transfer of economic resources is uncertain or cannot be reliably measured. Contingent liabilities are not recognised on the balance sheet but are disclosed unless the likelihood of an outflow of economic resources is remote. The following table summarises the nominal principal amount of contingent liabilities and commitments which are not recorded on-balance sheet: Barclays Bank Group 2022 2021 £m £m Guarantees and letters of credit pledged as collateral security 17,700 15,759 Performance guarantees, acceptances and endorsements 8,100 7,987 Total contingent liabilities and financial guarantees 25,800 23,746 Of which: Financial guarantees carried at fair value 1,423 231 Documentary credits and other short-term trade related transactions 1,748 1,584 Standby facilities, credit lines and other commitments 333,229 282,867 Total commitments 334,977 284,451 Of which: Loan commitments carried at fair value 13,471 18,571 Provisions for expected credit losses held against contingent liabilities and commitments equal £532m (2021: £499m) for Barclays Bank Group and £403m (2021: £420m) for Barclays Bank PLC and are reported in Note 23. Further details on contingent liabilities relating to legal and competition and regulatory matters can be found in Note 25. |
Legal, competition and regulato
Legal, competition and regulatory matters | 12 Months Ended |
Dec. 31, 2022 | |
Legal proceedings provision [abstract] | |
Legal, competition and regulatory matters | Legal, competition and regulatory matters The Barclays Bank Group faces legal, competition and regulatory challenges, many of which are beyond our control. The extent of the impact of these matters cannot always be predicted but may materially impact our operations, financial results, condition and prospects. Matters arising from a set of similar circumstances can give rise to either a contingent liability or a provision, or both, depending on the relevant facts and circumstances. The recognition of provisions in relation to such matters involves critical accounting estimates and judgments in accordance with the relevant accounting policies applicable to Note 23 Provisions. We have not disclosed an estimate of the potential financial impact or effect on the Barclays Bank Group of contingent liabilities where it is not currently practicable to do so. Various matters detailed in this note seek damages of an unspecified amount. While certain matters specify the damages claimed, such claimed amounts do not necessarily reflect the Barclays Bank Group’s potential financial exposure in respect of those matters. Investigations into certain advisory services agreements FCA proceedings In 2008, Barclays Bank PLC and Qatar Holdings LLC entered into two advisory service agreements (the Agreements). The Financial Conduct Authority (FCA) conducted an investigation into whether the Agreements may have related to Barclays PLC’s capital raisings in June and November 2008 (the Capital Raisings) and therefore should have been disclosed in the announcements or public documents relating to the Capital Raisings. In 2013, the FCA issued warning notices (the Warning Notices) finding that Barclays PLC and Barclays Bank PLC acted recklessly and in breach of certain disclosure-related listing rules, and that Barclays PLC was also in breach of Listing Principle 3. The financial penalty provided in the Warning Notices was £50m. Barclays PLC and Barclays Bank PLC contested the findings. In September 2022, the FCA’s Regulatory Decisions Committee (RDC) issued Decision Notices finding that Barclays PLC and Barclays Bank PLC breached certain disclosure-related listing rules. The RDC also found that in relation to the disclosures made in the Capital Raising of November 2008, Barclays PLC and Barclays Bank PLC acted recklessly, and that Barclays PLC breached Listing Principle 3. The RDC upheld the combined penalty of £50m on Barclays PLC and Barclays Bank PLC, the same penalty as in the Warning Notices. Barclays PLC and Barclays Bank PLC have referred the RDC’s findings to the Upper Tribunal for reconsideration. Investigations into LIBOR and other benchmarks and related civil actions Regulators and law enforcement agencies, including certain competition authorities, from a number of governments have conducted investigations relating to Barclays Bank PLC’s involvement in allegedly manipulating certain financial benchmarks, such as LIBOR. Various individuals and corporates in a range of jurisdictions have threatened or brought civil actions against the Barclays Bank Group and other banks in relation to the alleged manipulation of LIBOR and/or other benchmarks. USD LIBOR civil actions The majority of the USD LIBOR cases, which have been filed in various US jurisdictions, have been consolidated for pre-trial purposes in the US District Court in the Southern District of New York (SDNY). The complaints are substantially similar and allege, among other things, that Barclays PLC, Barclays Bank PLC, Barclays Capital Inc. (BCI) and other financial institutions individually and collectively violated provisions of the US Sherman Antitrust Act (Antitrust Act), the US Commodity Exchange Act (CEA), the US Racketeer Influenced and Corrupt Organizations Act (RICO), the US Securities Exchange Act of 1934 and various state laws by manipulating USD LIBOR rates. Putative class actions and individual actions seek unspecified damages with the exception of one lawsuit, in which the plaintiffs are seeking no less than $100m in actual damages and additional punitive damages against all defendants, including Barclays Bank PLC. Some of the lawsuits also seek trebling of damages under the Antitrust Act and RICO. Barclays Bank PLC has previously settled certain claims. In 2022, Barclays Bank PLC also settled one further matter. The financial impact of the settlement is not material to the Barclays Bank Group’s operating results, cash flows or financial position. Sterling LIBOR civil actions In 2016, two putative class actions filed in the SDNY against Barclays Bank PLC, BCI and other Sterling LIBOR panel banks alleging, among other things, that the defendants manipulated the Sterling LIBOR rate in violation of the Antitrust Act, CEA and RICO, were consolidated. The defendants’ motion to dismiss the claims was granted in 2018. The plaintiffs have appealed the dismissal. Japanese Yen LIBOR civil actions In 2012, a putative class action was filed in the SDNY against Barclays Bank PLC and other Japanese Yen LIBOR panel banks by a lead plaintiff involved in exchange-traded derivatives and members of the Japanese Bankers Association’s Euroyen Tokyo Interbank Offered Rate (Euroyen TIBOR) panel. The complaint alleges, among other things, manipulation of the Euroyen TIBOR and Yen LIBOR rates and breaches of the CEA and the Antitrust Act. In 2014, the court dismissed the plaintiff’s antitrust claims, and in 2020, the court dismissed the plaintiff’s remaining CEA claims. In 2015, a second putative class action, making similar allegations to the above class action, was filed in the SDNY against Barclays PLC, Barclays Bank PLC and BCI. Barclays and the plaintiffs have reached a settlement of $17.75m for both actions. A final court approval hearing has been scheduled for March 2023. SIBOR/SOR civil action In 2016, a putative class action was filed in the SDNY against Barclays PLC, Barclays Bank PLC, BCI and other defendants, alleging manipulation of the Singapore Interbank Offered Rate (SIBOR) and Singapore Swap Offer Rate (SOR). The plaintiffs and remaining defendants (which includes Barclays Bank PLC) reached a joint settlement to resolve this matter for $91m, which received final court approval in November 2022. This matter is now concluded. The financial impact of Barclays’ share of the joint settlement is not material to the Barclays Bank Group’s operating results, cash flows or financial position. ICE LIBOR civil actions In 2019, several putative class actions were filed in the SDNY against a panel of banks, including Barclays PLC, Barclays Bank PLC, BCI, other financial institution defendants and Intercontinental Exchange Inc. and certain of its affiliates (ICE), asserting antitrust claims that the defendants manipulated USD LIBOR through the defendants’ submissions to ICE. These actions have been consolidated. The defendants’ motion to dismiss was granted in 2020 and the plaintiffs appealed. In February 2022, the dismissal was affirmed on appeal. The plaintiffs did not seek US Supreme Court review. This matter is now concluded. In August 2020, an ICE LIBOR-related action was filed by a group of individual plaintiffs in the US District Court for the Northern District of California on behalf of individual borrowers and consumers of loans and credit cards with variable interest rates linked to USD ICE LIBOR. The plaintiffs’ motion seeking, among other things, preliminary and permanent injunctions to enjoin the defendants from continuing to set LIBOR or enforce any financial instrument that relies in whole or in part on USD LIBOR was denied. The defendants’ motion to dismiss the case was granted in September 2022. The plaintiffs have filed an amended complaint, which the defendants have moved to dismiss. Non-US benchmarks civil actions There remains one claim, issued in 2017, against Barclays Bank PLC and other banks in the UK in connection with alleged manipulation of LIBOR. Proceedings have also been brought in a number of other jurisdictions in Europe, Argentina and Israel relating to alleged manipulation of LIBOR and EURIBOR. Additional proceedings in other jurisdictions may be brought in the future. Credit Default Swap civil action A putative antitrust class action is pending in New Mexico federal court against Barclays Bank PLC, BCI and various other financial institutions. The plaintiffs, the New Mexico State Investment Council and certain New Mexico pension funds, allege that the defendants conspired to manipulate the benchmark price used to value Credit Default Swap (CDS) contracts at settlement (i.e. the CDS final auction price). The plaintiffs allege violations of US antitrust laws and the CEA, and unjust enrichment under state law. The defendants have moved to dismiss the case. Foreign Exchange investigations and related civil actions The Barclays Bank Group has been the subject of investigations in various jurisdictions in relation to certain sales and trading practices in the Foreign Exchange market. Settlements were reached in various jurisdictions in connection with these investigations, including the EU and US. The financial impact of any remaining ongoing investigations is not expected to be material to the Barclays Bank Group’s operating results, cash flows or financial position. Various individuals and corporates in a range of jurisdictions have threatened or brought civil actions against the Barclays Bank Group and other banks in relation to alleged manipulation of Foreign Exchange markets. US FX opt out civil action In 2018, Barclays Bank PLC and BCI settled a consolidated action filed in the SDNY, alleging manipulation of Foreign Exchange markets (Consolidated FX Action), for a total amount of $384m. Also in 2018, a group of plaintiffs, who opted out of the Consolidated FX Action, filed a complaint in the SDNY against Barclays PLC, Barclays Bank PLC, BCI and other defendants. Some of the plaintiffs’ claims were dismissed in 2020. Barclays PLC, Barclays Bank PLC, and BCI have reached a settlement in principle of all claims against them in the matter. The financial impact of this settlement is not material to the Barclays Bank Group’s operating results, cash flows or financial position. US retail basis civil action In 2015, a putative class action was filed against several international banks, including Barclays PLC and BCI, on behalf of a proposed class of individuals who exchanged currencies on a retail basis at bank branches (Retail Basis Claims). The SDNY has ruled that the Retail Basis Claims are not covered by the settlement agreement in the Consolidated FX Action. The Court subsequently dismissed all Retail Basis Claims against the Barclays Bank Group and all other defendants. The plaintiffs have filed an amended complaint. Non-US FX civil actions Legal proceedings have been brought or are threatened against Barclays PLC, Barclays Bank PLC, BCI and Barclays Execution Services Limited (BX) in connection with alleged manipulation of Foreign Exchange in the UK, a number of other jurisdictions in Europe, Israel, Brazil and Australia. Additional proceedings may be brought in the future. The above-mentioned proceedings include two purported class actions filed against Barclays PLC, Barclays Bank PLC, BX, BCI and other financial institutions in the UK Competition Appeal Tribunal (CAT) in 2019. The CAT refused to certify these claims in the first quarter of 2022 although the claimants have obtained permission to appeal and judicially review the CAT’s decisions. Also in 2019, a separate claim was filed in the UK in the High Court of Justice (High Court), and subsequently transferred to the CAT, by various banks and asset management firms against Barclays Bank PLC and other financial institutions alleging breaches of European and UK competition laws related to FX trading. This claim has been settled as part of the settlement in principle referred to under the US FX opt out civil action above. Metals-related civil actions A number of US civil complaints, each on behalf of a proposed class of plaintiffs, have been consolidated and transferred to the SDNY. The complaints allege that Barclays Bank PLC and other members of The London Gold Market Fixing Ltd. manipulated the prices of gold and gold derivative contracts in violation of the Antitrust Act and other federal laws. The parties reached a joint settlement to resolve this matter for $50m. The settlement received final court approval in August 2022. This matter is now concluded. The financial impact of Barclays’ share of the joint settlement is not material to the Barclays Bank Group’s operating results, cash flows or financial position. A separate US civil complaint by a proposed class of plaintiffs against a number of banks, including Barclays Bank PLC, BCI and BX, alleging manipulation of the price of silver in violation of the CEA, the Antitrust Act and state antitrust and consumer protection laws, has been dismissed as against the Barclays entities. The plaintiffs have the option to seek the court’s permission to appeal. Civil actions have also been filed in Canadian courts against Barclays PLC, Barclays Bank PLC, Barclays Capital Canada, Inc. and BCI on behalf of proposed classes of plaintiffs alleging manipulation of gold and silver prices. US residential mortgage related civil actions There are two pending US Residential Mortgage-Backed Securities (RMBS) related civil actions arising from unresolved repurchase requests submitted by Trustees for certain RMBS, alleging breaches of various loan-level representations and warranties (R&Ws) made by Barclays Bank PLC and/or a subsidiary acquired in 2007. In one action, the Barclays defendants’ motion for summary judgment was granted in June 2022 and the plaintiffs’ R&W breach claim was dismissed. The plaintiffs are appealing the decision. The other repurchase action is pending. Barclays Bank PLC reached settlements to resolve two other repurchase actions, which have received final court approval. Payment of the settlement amounts was completed in July 2022. These matters are now concluded. The financial impact of the settlements is not material to the Barclays Bank Group’s operating results, cash flows or financial position. In 2020, a civil litigation claim was filed in the New Mexico First Judicial District Court by the State of New Mexico against six banks, including BCI, on behalf of two New Mexico state pension funds and the New Mexico State Investment Council relating to legacy RMBS purchases. As to BCI, the complaint alleges that the funds purchased approximately $22m in RMBS underwritten by BCI. The parties have reached a joint settlement to resolve this matter for $32.5m. The settlement was paid in April 2022. The financial impact of BCI’s share of the joint settlement is not material to the Barclays Bank Group’s operating results, cash flows or financial position. Government and agency securities civil actions Treasury auction securities civil actions Consolidated putative class action complaints filed in US federal court against Barclays Bank PLC, BCI and other financial institutions under the Antitrust Act and state common law allege that the defendants (i) conspired to manipulate the US Treasury securities market and/or (ii) conspired to prevent the creation of certain platforms by boycotting or threatening to boycott such trading platforms. The court dismissed the consolidated action in March 2021. The plaintiffs filed an amended complaint. The defendants’ motion to dismiss the amended complaint was granted in March 2022. The plaintiffs are appealing this decision. In addition, certain plaintiffs have filed a related, direct action against BCI and certain other financial institutions, alleging that defendants conspired to fix and manipulate the US Treasury securities market in violation of the Antitrust Act, the CEA and state common law. Supranational, Sovereign and Agency bonds civil actions Civil antitrust actions have been filed in the SDNY and Federal Court of Canada in Toronto against Barclays Bank PLC, BCI, BX, Barclays Capital Securities Limited and, with respect to the civil action filed in Canada only, Barclays Capital Canada, Inc. and other financial institutions alleging that the defendants conspired to fix prices and restrain competition in the market for US dollar-denominated Supranational, Sovereign and Agency bonds. In one of the actions filed in the SDNY, the court granted the defendants’ motion to dismiss the 'plaintiffs’ complaint. The dismissal was affirmed on appeal; however, the district court subsequently informed the parties of a potential conflict. The matter was assigned to a new district court judge and the plaintiffs moved to vacate the dismissal order, which was denied. The plaintiffs’ time to appeal has expired and this matter is now concluded. The plaintiffs have voluntarily dismissed the other SDNY action. In the Federal Court of Canada action, the parties have reached a settlement in principle, which will require court approval. The financial impact of the settlement is not expected to be material to the Barclays Bank Group’s operating results, cash flows or financial position. Variable Rate Demand Obligations civil actions Civil actions have been filed against Barclays Bank PLC and BCI and other financial institutions alleging the defendants conspired or colluded to artificially inflate interest rates set for Variable Rate Demand Obligations (VRDOs). VRDOs are municipal bonds with interest rates that reset on a periodic basis, most commonly weekly. Two actions in state court have been filed by private plaintiffs on behalf of the states of Illinois and California. Three putative class action complaints have been consolidated in the SDNY. In the consolidated SDNY class action, certain of the plaintiffs' claims were dismissed in November 2020 and June 2022. In the California action, the plaintiffs’ claims were dismissed in June 2021. The plaintiffs have appealed the dismissal. In the Illinois action, trial has been scheduled for August 2023. Odd-lot corporate bonds antitrust class action In 2020, BCI, together with other financial institutions, were named as defendants in a putative class action. The complaint alleges a conspiracy to boycott developing electronic trading platforms for odd-lots and price fixing. The plaintiffs demand unspecified money damages. The defendants’ motion to dismiss was granted in 2021 and the plaintiffs have appealed the dismissal. Interest rate swap and credit default swap US civil actions Barclays PLC, Barclays Bank PLC and BCI, together with other financial institutions that act as market makers for interest rate swaps (IRS), are named as defendants in several antitrust class actions which were consolidated in the SDNY in 2016. The complaints allege the defendants conspired to prevent the development of exchanges for IRS and demand unspecified money damages. In 2018, trueEX LLC filed an antitrust class action in the SDNY against a number of financial institutions including Barclays PLC, Barclays Bank PLC and BCI based on similar allegations with respect to trueEX LLC’s development of an IRS platform. In 2017, Tera Group Inc. filed a separate civil antitrust action in the SDNY claiming that certain conduct alleged in the IRS cases also caused the plaintiff to suffer harm with respect to the Credit Default Swaps market. In 2018 and 2019, respectively, the court dismissed certain claims in both cases for unjust enrichment and tortious interference but denied motions to dismiss the federal and state antitrust claims, which remain pending. BDC Finance L.L.C. In 2008, BDC Finance L.L.C. (BDC) filed a complaint in the Supreme Court of the State of New York (NY Supreme Court), demanding damages of $298m, alleging that Barclays Bank PLC had breached a contract in connection with a portfolio of total return swaps governed by an ISDA Master Agreement (the Master Agreement). Following a trial, the court ruled in 2018 that Barclays Bank PLC was not a defaulting party, which was affirmed on appeal. In April 2021, the trial court entered judgement in favour of Barclays Bank PLC for $3.3m and as yet to be determined legal fees and costs. BDC appealed. In January 2022, the appellate court reversed the trial court’s summary judgment decision in favour of Barclays Bank PLC and remanded the case to the lower court for further proceedings. The parties have filed cross-motions on the scope of trial. The trial has been adjourned pending a decision on the motions and any subsequent appeal. In 2011, BDC’s investment advisor, BDCM Fund Adviser, LLC and its parent company, Black Diamond Capital Holdings, LLC, also sued Barclays Bank PLC and BCI in Connecticut State Court for unspecified damages allegedly resulting from Barclays Bank PLC’s conduct relating to the Master Agreement, asserting claims for violation of the Connecticut Unfair Trade Practices Act and tortious interference with business and prospective business relations. This case is currently stayed. Civil actions in respect of the US Anti-Terrorism Act There are a number of civil actions, on behalf of more than 4,000 plaintiffs, filed in US federal courts in the US District Court in the Eastern District of New York (EDNY) and SDNY against Barclays Bank PLC and a number of other banks. The complaints generally allege that Barclays Bank PLC and those banks engaged in a conspiracy to facilitate US dollar-denominated transactions for the Iranian Government and various Iranian banks, which in turn funded acts of terrorism that injured or killed the plaintiffs or the plaintiffs’ family members. The plaintiffs seek to recover damages for pain, suffering and mental anguish under the provisions of the US Anti-Terrorism Act, which allow for the trebling of any proven damages. The court granted the defendants’ motions to dismiss three out of the six actions in the EDNY. The plaintiffs appealed in one action and the dismissal was affirmed in January 2023. The remaining EDNY actions are stayed. Out of the two actions in the SDNY, the court granted the defendants’ motion to dismiss the first action. That action is stayed, and the second SDNY action is stayed pending any appeal on the dismissal of the first. Shareholder derivative action In November 2020, a purported Barclays shareholder filed a putative derivative action in New York state court against BCI and a number of current and former members of the Board of Directors of Barclays PLC and senior executives or employees of the Barclays Bank Group. The shareholder filed the claim on behalf of nominal defendant Barclays PLC, alleging that the individual defendants harmed the company through breaches of their duties, including under the Companies Act 2006. The plaintiff seeks damages on behalf of Barclays PLC for the losses that Barclays PLC allegedly suffered as a result of these alleged breaches. An amended complaint was filed in April 2021, which BCI and certain other defendants moved to dismiss. The motion to dismiss was granted in April 2022. The plaintiff is appealing the decision. Derivative transactions civil action In 2021, Vestia, a Dutch housing association, brought a claim against Barclays Bank PLC in the UK in the High Court in relation to a series of derivative transactions entered into with Barclays Bank PLC between 2008 and 2011, seeking damages of £329m. Barclays Bank PLC is defending the claim and has made a counterclaim. Timeshare loans, skilled person review, and associated matters In August 2020, the FCA granted an application by Clydesdale Financial Services Limited (CFS), which trades as Barclays Partner Finance and houses Barclays’ point-of-sale finance business, for a validation order with respect to certain loans to customers brokered between April 2014 and April 2016 by Azure Services Limited (ASL), a timeshare operator, which did not, at the point of sale, hold the necessary broker licence. As a condition to the validation order, the FCA required CFS to undertake a skilled person review of the assessment of affordability processes for the loans brokered by ASL (ASL Loans) as well as CFS’ policies and procedures for assessing affordability and oversight of brokers more generally, and dictated a remediation methodology in the event that ASL Loans did not pass the affordability test. The skilled person made a number of observations, some of which were adverse, about both current and historic affordability practices as well as current oversight practices. CFS is not required to conduct a full back book review but, following a review of certain cohorts of loans to determine historic affordability and/or broker oversight practices that may have caused customer harm, where harm is identified, CFS’ intention is to remediate. To date, CFS has identified a number of areas for remediation, but the scoping exercise is ongoing and remediation will only begin once the scoping exercise is complete. As at 31 December 2022, CFS booked a provision in respect of the expected remediation for these matters of £10.4m. Separately, and notwithstanding this, CFS decided in March 2022 to extend the proactive remediation of ASL Loans beyond those brokered between April 2014 and April 2016 to include the full portfolio of ASL Loans brokered between 2006 and 2018. In the first quarter of 2022, an additional customer remediation provision was recognised in relation to the remediation of the ASL Loans originated outside the April 2014 to April 2016 period. As at 31 December 2022, the provision recognised in relation to this matter by CFS is £183m. Remediation of the full portfolio of ASL Loans started in October 2022 and is expected to be completed in 2023. In addition, CFS completed a review of all other legacy timeshare retailers during 2022. No concerns were identified in relation to the majority of those retailers, but where concerns were identified, CFS’ intention is to remediate. As at 31 December 2022, the provision recognised in relation to this matter by CFS is £96m. Over-issuance of securities in the US Barclays Bank PLC maintains a US shelf registration statement with the US Securities and Exchange Commission (SEC) in order to issue securities to US investors. In May 2017, Barclays Bank PLC lost its status as a “well-known seasoned issuer” (or WKSI) as a result of an SEC settlement order involving BCI. Due to its loss of WKSI status, Barclays Bank PLC was required to register a specified amount of securities to be issued under certain US shelf registration statements filed with the SEC. In March 2022, executive management became aware that Barclays Bank PLC had issued securities materially in excess of the set amount under its 2019 US shelf registration statement and subsequently became aware that securities had also been issued in excess of the set amount under the predecessor US shelf registration statement. The securities that were over-issued included structured notes and exchange traded notes (ETNs). Securities issued in excess of the amount registered were considered to be “unregistered securities” for the purposes of US securities laws, with certain purchasers of those securities having a right to recover, upon the tender of such security to Barclays Bank PLC, the consideration paid for such security with interest, less the amount of any income received, or to recover damages from Barclays Bank PLC if the purchaser sold the security at a loss (the Rescission Price). Barclays Bank PLC commenced its rescission offer on 1 August 2022, by which Barclays Bank PLC offered to repurchase the relevant affected securities for the Rescission Price (the Rescission Offer). The Rescission Offer expired on 12 September 2022. In September 2022, the SEC announced the resolution of its investigation of Barclays PLC and Barclays Bank PLC relating to the over-issuance of securities by Barclays Bank PLC under certain of its US shelf registration statements. Pursuant to the terms of the resolution, Barclays PLC and Barclays Bank PLC paid in the fourth quarter of 2022 a combined penalty of $200m (£165m 1 ), without admitting or denying the SEC’s findings. The SEC found that the independent Rescission Offer made by Barclays Bank PLC to holders of the relevant over-issued securities satisfied its requirements for disgorgement and related prejudgment interest. The Barclays Bank Group is engaged with, and responding to inquiries and requests for information from, various other regulators who may seek to impose fines, penalties and/or other sanctions as a result of this matter. Furthermore, Barclays Bank PLC and/or its affiliates may incur costs and liabilities in relation to private civil claims which have been filed and may face other potential private civil claims, class actions or other enforcement actions in relation to this matter. By way of example, in September 2022, a purported class action claim was filed in the US District Court in Manhattan seeking to hold Barclays PLC and former and current executives responsible for declines in the prices of its American depositary receipts, which the plaintiffs claim occurred as a result of alleged misstatements and omissions in its public disclosures; and in February 2023, a claim was brought in a New York federal court by holders of a series of ETNs alleging that Barclays’ failure to disclose that these ETNs were unregistered securities misled investors and that, as a result, Barclays is liable for the holders’ alleged losses following the suspension of further sales and issuances of such series of ETNs. Following completion of the rescission offer on 12 September 2022, Barclays utilised a provision of £1,008m in settlement of valid structured note claims and paid a monetary penalty of $200m (£165m 1 ) to the SEC. A contingent liability exists in relation to civil claims or any further enforcement actions taken against Barclays Bank PLC and/or its affiliates, but Barclays Bank PLC is unable to assess the likelihood of liabilities that may arise out of such claims or actions. Any liabilities, claims or actions in connection with the over-issuance of securities under Barclays Bank PLC’s US shelf registration statements could have an adverse effect on Barclays Bank PLC’s and the Barclays Bank Group’s business, financial condition, results of operations and reputation as a frequent issuer in the securities markets. Investigation into the use of unapproved communications platforms In September 2022, the SEC and the Commodity Futures Trading Commission (CFTC) announced settlements with a number of financial institutions, including Barclays Bank PLC and BCI, of financial industry-wide investigations regarding compliance with record-keeping obligations in connection with business-related communications sent over unapproved electronic messaging platforms. The SEC and the CFTC found that Barclays Bank PLC and BCI failed to comply with their respective record-keeping rules, where such communications were sent or received by employees over electronic messaging platforms that had not been approved by the bank for business use by employees. As part of the settlement, in the third quarter of 2022, Barclays Bank PLC and BCI paid a combined $125m civil monetary penalty to the SEC and a $75m civil monetary penalty to the CFTC. There are also non-financial components to the settlements, including the retention of an independent compliance consultant and certain ongoing undertakings. This matter is now concluded. HM Revenue & Customs (HMRC) assessments concerning UK Value Added Tax In 2018, HMRC issued notices that have the effect of removing certain overseas subsidiaries that have operations in the UK from Barclays’ UK VAT group, in which group supplies between members are generally free from VAT. The notices have retrospective effect and correspond to assessments of £181m (inclusive of interest), of which Barclays would expect to attribute an amount of approximately £128m to Barclays Bank UK PLC and £53m to Barclays Bank PLC. HMRC’s decision has been appealed to the First Tier Tribunal (Tax Chamber). Note 1 Exchange rate USD/GBP 1.22 as at 30 June 2022 Local authority civil actions concerning LIBOR Following settlement by Barclays Bank PLC of various governmental investigations concerning certain benchmark interest rate submissions referred to above in ‘Investigations into LIBOR and other benchmarks and related civil actions’, in the UK, certain local authorities brought claims in 2018 against Barclays Bank PLC and Barclays Bank UK PLC asserting that they entered into loans between 2006 and 2008 in reliance on misrepresentations made by Barclays Bank PLC in respect of its conduct in relation to LIBOR. Barclays Bank PLC |
Subordinated liabilities
Subordinated liabilities | 12 Months Ended |
Dec. 31, 2022 | |
Subordinated liabilities [abstract] | |
Subordinated liabilities | Subordinated liabilities Accounting for subordinated liabilities Subordinated liabilities are measured at amortised cost using the effective interest method under IFRS 9, unless they are irrevocably designated at fair value through profit or loss at initial recognition because such designation eliminates or significantly reduces an accounting mismatch. Refer to Note 15 for details about accounting for liabilities designated at fair value through profit or loss. Barclays Bank Group 2022 2021 £m £m At amortised cost As at 1 January 32,185 32,005 Issuances 15,381 9,099 Redemptions (8,367) (7,241) Other (946) (1,678) As at 31 December 38,253 32,185 Designated at fair value (Note 15) 521 483 Total subordinated liabilities 38,774 32,668 Issuances of £15,381m comprise £14,904m intra-group loans from Barclays PLC and £317m USD Floating Rate Notes, £89m ZAR Floating Rate Notes, £42m EUR Floating Rate Notes and £29m JPY Floating Rate Notes issued externally by Barclays Bank PLC subsidiaries. Redemptions of £8,367m comprise £5,734m intra-group loans from Barclays PLC, £2,370m notes issued externally by Barclays Bank PLC, £175m USD Floating Rate Notes and £88m USD Fixed Rate Notes issued externally by a Barclays Bank PLC subsidiaries. £2,370m notes issued externally by Barclays Bank PLC comprise £1,275m USD 7.625% Fixed Rate Contingent Capital Notes, £838m EUR 6.625% Fixed Rate Subordinated Notes, £147m USD 6.86% Callable Perpetual Core Tier One Notes, £42m EUR Subordinated Floating Rate Notes, £35m GBP 5.3304% Step-up Callable Perpetual Reserve Capital Instruments, £21m GBP Undated Floating Rate Primary Capital Notes Series 3 and £12m GBP 6% Callable Perpetual Core Tier One Notes. Other movements predominantly comprise foreign exchange movements and fair value hedge adjustments. Subordinated liabilities include accrued interest and comprise undated and dated subordinated liabilities as follows: Barclays Bank Group 2022 2021 £m £m Undated subordinated liabilities 538 795 Dated subordinated liabilities 38,236 31,873 Total subordinated liabilities 38,774 32,668 Undated subordinated liabilities Barclays Bank Group 2022 2021 Initial call date £m £m Barclays Bank PLC externally issued subordinated liabilities Tier One Notes (TONs) 6% Callable Perpetual Core Tier One Notes a 2032 — 15 6.86% Callable Perpetual Core Tier One Notes (USD 179m) a 2032 — 194 Reserve Capital Instruments (RCIs) 5.3304% Step-up Callable Perpetual Reserve Capital Instruments a 2036 — 51 Undated Notes 6.125% Undated Subordinated Notes 2027 34 39 Junior Undated Floating Rate Notes (USD 38m) Any interest payment date 32 28 Undated Floating Rate Primary Capital Notes Series 1 (USD 167m) Any interest payment date 102 90 Undated Floating Rate Primary Capital Notes Series 2 (USD 295m) Any interest payment date 210 189 Undated Floating Rate Primary Capital Notes Series 3 Any interest payment date — 21 Bonds 9% Permanent Interest Bearing Capital Bonds (GBP 40m) At any time 40 42 Loans 5.03% Reverse Dual Currency Undated Subordinated Loan (JPY 8,000m) 2028 49 51 5% Reverse Dual Currency Undated Subordinated Loan (JPY 12,000m) 2028 71 75 Total undated subordinated liabilities 538 795 Note a The GBP 6% Callable Perpetual Core Tier One Notes, USD 6.86% Callable Perpetual Core Tier One Notes and GBP 5.3304% Step-up Callable Perpetual Reserve Capital Instruments were redeemed by exercising a regulatory call option in 2022. Undated subordinated liabilities Undated subordinated liabilities are issued by Barclays Bank PLC and its subsidiaries for the development and expansion of their businesses and to strengthen their capital bases. The principal terms of the undated subordinated liabilities are described below: Subordination All undated subordinated liabilities rank behind the claims against the bank of depositors and other unsecured unsubordinated creditors and holders of dated subordinated liabilities in the following order: Junior Undated Floating Rate Notes; followed by other issues of Undated Notes, Bonds and Loans. Interest All undated subordinated liabilities bear a fixed rate of interest until the initial call date, with the exception of the 9% Bonds which are fixed for the life of the issue, and the Junior and Series 1 and Series 2 Undated Notes which are floating rate at rates fixed periodically in advance based on the related market rate. After the initial call date, in the event that they are not redeemed, the 6.125% Undated Notes will bear interest at rates fixed periodically in advance for five-year periods based on market rates. All other undated subordinated liabilities will bear interest at rates fixed periodically in advance based on market rates. Payment of interest Apart from the Junior Undated Floating Rate Notes, Barclays Bank PLC is not obliged to make a payment of interest on its Undated Notes, Bonds and Loans if, in the preceding six months, a dividend has not been declared or paid on any class of shares of Barclays PLC or, in certain cases, any class of preference shares of Barclays Bank PLC. Interest not paid becomes payable in each case if such a dividend is subsequently paid or in certain other circumstances. During the year, Barclays Bank PLC paid interest on each of its Undated Notes, Bonds and Loans. No payment of principal or any interest may be made unless Barclays Bank PLC satisfies a specified solvency test. Repayment All undated subordinated liabilities are repayable at the option of Barclays Bank PLC generally in whole at the initial call date and on any subsequent coupon or interest payment date or in the case of the 6.125% Undated Notes on any fifth anniversary after the initial call date. In addition, each issue of undated subordinated liabilities is repayable, at the option of Barclays Bank PLC, in whole for certain tax reasons, either at any time, or on an interest payment date. There are no events of default except non-payment of principal or mandatory interest. Any repayments require the prior consent of the PRA. Other All issues of undated subordinated liabilities are non-convertible. Dated subordinated liabilities Barclays Bank Group 2022 2021 Initial call date Maturity date £m £m Barclays Bank PLC externally issued subordinated liabilities 7.625% Contingent Capital Notes (USD 3,000m) 2022 — 1,159 6.625% Fixed Rate Subordinated Notes (EUR 1,000m) 2022 — 889 Subordinated Floating Rate Notes (EUR 50m) 2022 — 42 Subordinated Floating Rate Notes (EUR 50m) 2023 44 42 5.75% Fixed Rate Subordinated Notes 2026 280 322 5.4% Reverse Dual Currency Subordinated Loan (JPY 15,000m) 2027 93 97 6.33% Subordinated Notes (GBP 50m) 2032 46 59 Subordinated Floating Rate Notes (EUR 68m) 2040 60 57 External issuances by other subsidiaries 2032 573 311 Barclays Bank PLC notes issued intra-group to Barclays PLC 2% Fixed Rate Subordinated Callable Notes (EUR 1,500) 2023 2028 1,354 1,288 3.75% Fixed Rate Resetting Subordinated Callable Notes (SGD 200m) 2025 2030 120 113 5.20% Fixed Rate Subordinated Notes (USD 1,367m) 2026 1,051 1,037 1.125% Fixed Rate Resetting Subordinated Callable Notes (EUR 1,000m) 2026 2031 794 831 4.836% Fixed Rate Subordinated Callable Notes (USD 1,200m) 2027 2028 931 937 8.407% Fixed Rate Resetting Subordinated Callable Loan (GBP 1,000m) 2027 2032 1,009 — 5.088% Fixed-to-Floating Rate Subordinated Callable Notes (USD 1,300m) 2029 2030 966 1,005 7.437% Fixed Rate Resetting Subordinated Callable Notes (USD 2,000m) 2032 2033 1,689 — 5.262% Fixed Rate Resetting Subordinated Callable Notes (EUR 1,250m) 2033 2034 1,066 — 3.811% Fixed Rate Resetting Subordinated Callable Notes (USD 1,000m) 2041 2042 641 778 5.25% Fixed Rate Subordinated Notes (USD 827m) 2045 488 618 4.95% Fixed Rate Subordinated Notes (USD 1,250m) 2047 174 896 Floating Rate Subordinated Notes (USD 456m) 2047 385 341 Barclays Bank PLC intra-group loans from Barclays PLC Various Fixed Rate Subordinated Loans 8,042 7,184 Various Subordinated Floating Rate Loans 677 646 Various Fixed Rate Subordinated Callable Loans 16,105 11,013 Various Subordinated Floating Rate Callable Loans 1,127 1,725 Zero Coupon Callable Loans 2052 521 483 Total dated subordinated liabilities 38,236 31,873 Dated subordinated liabilities Dated subordinated liabilities are issued by Barclays Bank PLC and its subsidiaries for the development and expansion of their businesses and to strengthen their respective capital bases. The principal terms of the dated subordinated liabilities are described below: Currency and maturity In addition to the individual dated subordinated liabilities listed in the Barclays Bank Group table, the £26,472m (2021: £21,051m) of intra-group loans is made up of various fixed, fixed to floating rate, floating and zero coupon loans from Barclays PLC with notional amounts denominated in USD 22,182m, EUR 7,325m, GBP 250m, JPY 252,600m, AUD 2,315m, SEK 500m, NOK 970m, CAD 450m and CHF 435m, with maturities ranging from 2023 to 2052. Certain intra-group loans have a call date one year prior to their maturity. Subordination All dated subordinated liabilities, both externally issued and issued intra-group to Barclays PLC, rank behind the claims against Barclays Bank PLC of depositors and other unsecured unsubordinated creditors but before the claims of the undated subordinated liabilities and the holders of Barclays Bank PLC equity. The Barclays Bank PLC intra-group loans from Barclays PLC rank pari passu amongst themselves but ahead of the Barclays Bank PLC notes issued intra-group to Barclays PLC and the Barclays Bank PLC externally issued subordinated liabilities. The external dated subordinated liabilities issued by subsidiaries are similarly subordinated as the external subordinated liabilities issued by Barclays Bank PLC. Interest Interest on floating rate notes and loans is set by reference to market rates at the time of issuance and fixed periodically in advance, based on the related market rates. Interest on fixed rate notes and loans is set by reference to market rates at the time of issuance and fixed until maturity. Interest on fixed rate callable notes and loans is set by reference to market rates at the time of issuance and fixed until the call date or maturity as applicable. After the call date (where relevant), in the event that the notes or loans are not redeemed, the interest rate will be re-set to either a fixed or floating rate until maturity based on market rates. No interest is paid on zero coupon notes. Repayment Those subordinated liabilities with a call date are repayable at the option of Barclays Bank PLC on such call date in accordance with the conditions governing the respective debt obligations, some in whole or in part, and some only in whole, or otherwise on maturity. The remaining dated subordinated liabilities outstanding at 31 December 2022 are redeemable only on maturity, subject, in particular cases, to provisions allowing an early redemption in the event of certain changes in tax law or to certain changes in legislation or regulations. Any repayments prior to maturity may require, in the case of Barclays Bank PLC, the prior consent of the PRA or BoE or, in the case of the overseas issues, the consent of the local regulator for that jurisdiction and of the PRA in certain circumstances. There are no committed facilities in existence at the balance sheet date which permit the refinancing of debt beyond the date of maturity. |
Ordinary shares, share premium,
Ordinary shares, share premium, and other equity | 12 Months Ended |
Dec. 31, 2022 | |
Equity [abstract] | |
Ordinary shares, preference shares and other equity | Ordinary shares, preference shares and other equity Called up share capital, allotted and fully paid and other equity instruments Barclays Bank Group and Barclays Bank PLC Barclays Bank Group Ordinary share capital Preference share capital Total share capital Other equity instruments £m £m £m £m As at 1 January 2022 2,342 6 2,348 9,693 AT1 securities issuance — — — 3,134 AT1 securities redemption — — — (2,136) As at 31 December 2022 2,342 6 2,348 10,691 As at 1 January 2021 2,342 6 2,348 8,621 AT1 securities issuance — — — 1,072 As at 31 December 2021 2,342 6 2,348 9,693 Ordinary shares The issued ordinary share capital of Barclays Bank PLC, as at 31 December 2022, comprised 2,342m (2021: 2,342m) ordinary shares of £1 each. Preference shares The issued preference share capital of Barclays Bank PLC, as at 31 December 2022, comprised 31,856 Euro Preference Shares of €100 each (2021: 31,856) and 58,133 US Dollar Preference Shares of $100 each (2021: 58,133). 1,000 Sterling Preference Shares of £1 each were redeemed during 2022. Ordinary share capital and preference share capital constitutes 100% (2021: 100%) of total share capital issued. Euro Preference Shares 140,000 Euro non-cumulative callable preference shares of €100 each (the Euro Preference Shares) were issued on 15 March 2005 for a consideration of €1,383.3m (£966.7m), of which the nominal value was €14m and the balance was share premium. The Euro Preference Shares entitled the holders thereof to receive Euro non-cumulative cash dividends out of distributable profits of Barclays Bank PLC, annually at a fixed rate of 4.75% per annum on the amount of €10,000 per preference share until 15 March 2020, and since 15 March 2020 quarterly at a rate reset quarterly equal to 0.71% per annum above the Euro interbank offered rate for three-month Euro deposits. The board of directors of Barclays Bank PLC may resolve, in its absolute discretion, not to pay in full, or at all, the dividend on the Euro Preference Shares in respect of a particular dividend period. The Euro Preference Shares are redeemable at the option of Barclays Bank PLC, in whole but not in part only, on each dividend payment date at €10,000 per share plus any dividends accrued for the then current dividend period to the date fixed for redemption. US Dollar Preference Shares 100,000 US Dollar non-cumulative callable preference shares of $100 each (the US Dollar Preference Shares), represented by 100,000 American Depositary Shares, Series 1, were issued on 8 June 2005 for a consideration of $995.4m (£548.1m), of which the nominal value was $10m and the balance was share premium. The US Dollar Preference Shares entitle the holders thereof to receive US Dollar non-cumulative cash dividends out of distributable profits of Barclays Bank PLC, semi-annually at a fixed rate of 6.278% per annum on the amount of $10,000 per preference share until 15 December 2034, and thereafter quarterly at a rate reset quarterly equal to 1.55% per annum above the London interbank offered rate for three-month US Dollar deposits. The board of directors of Barclays Bank PLC may resolve, for any reason and in its absolute discretion, not to declare or pay in full or in part any dividends on the US Dollar Preference Shares in respect of a particular dividend period. The US Dollar Preference Shares are redeemable at the option of Barclays Bank PLC, in whole but not in part only, on 15 December 2034, and on each dividend payment date thereafter at $10,000 per share plus any dividends accrued for the then current dividend period to the date fixed for redemption. No redemption or purchase of any Euro Preference Shares and US Dollar Preference Shares (together, the Preference Shares) may be made by Barclays Bank PLC without the prior consent of the PRA and any such redemption will be subject to the Companies Act 2006 and the Articles of Barclays Bank PLC. On a winding-up of Barclays Bank PLC or other return of capital (other than a redemption or purchase of shares of Barclays Bank PLC, or a reduction of share capital), a holder of Preference Shares will rank in the application of assets of Barclays Bank PLC available to shareholders: (1) junior to the holder of any shares of Barclays Bank PLC in issue ranking in priority to the Preference Shares; (2) equally in all respects with holders of other preference shares and any other shares of Barclays Bank PLC in issue ranking pari passu with the Preference Shares; and (3) in priority to the holders of ordinary shares and any other shares of Barclays Bank PLC in issue ranking junior to the Preference Shares. Subject to such ranking, in such event, holders of the Preference Shares will be entitled to receive out of assets of Barclays Bank PLC available for distributions to shareholders, liquidating distributions in the amount of €10,000 per Euro Preference Share and $10,000 per US Dollar Preference Share, plus, in each case, an amount equal to the accrued dividend for the then current dividend period to the date of the commencement of the winding-up or other such return of capital. If a dividend is not paid in full on any preference shares on any dividend payment date, then a dividend restriction shall apply. This dividend restriction will mean that neither Barclays Bank PLC nor Barclays PLC may (a) declare or pay a dividend (other than payment by Barclays PLC of a final dividend declared by its shareholders prior to the relevant dividend payment date, or a dividend paid by Barclays Bank PLC to Barclays PLC) on any of their respective ordinary shares, other preference shares or other share capital or (b) redeem, purchase, reduce or otherwise acquire any of their respective share capital, other than shares of Barclays Bank PLC held by Barclays PLC or a wholly owned subsidiary, until the earlier of: (1) the date on which Barclays Bank PLC next declares and pays in full a preference share dividend; and (2) the date on or by which all the preference shares are redeemed in full or purchased by Barclays Bank PLC. Holders of the Preference Shares are not entitled to receive notice of, or to attend, or vote at, any general meeting of Barclays Bank PLC. Barclays Bank PLC is not permitted to create a class of shares ranking as regards participation in the profits or assets of Barclays Bank PLC in priority to the preference shares, save with the sanction of a special resolution of a separate general meeting of the holders of the Preference Shares (requiring a majority of not less than three-fourths of the holders of the Preference Shares voting at the separate general meeting) or with the consent in writing of the holders of three-fourths of the Preference Shares. Except as described above, the holders of the Preference Shares have no right to participate in the surplus assets of Barclays Bank PLC. Other equity instruments Other equity instruments issued by Barclays Bank PLC of £15,398m (2021: £14,400m) include AT1 securities issued to Barclays PLC and borrowings of $6bn from a wholly-owned, indirect subsidiary of Barclays Bank PLC. As a result, the other equity instruments balance recorded by Barclays Bank Group is £10,691m (2021: £9,693m). The borrowings of $6bn from a wholly-owned, indirect subsidiary of Barclays Bank PLC have been recorded as equity since, under their terms, interest payments are non cumulative and discretionary whilst repayment of principal is perpetually deferrable by Barclays Bank PLC. Should Barclays Bank PLC make a discretionary dividend payment on its ordinary shares in the six months preceding the date of an interest payment, it will be obliged to make that interest payment. In 2022, interest paid on these borrowings was £250m (2021: £164m). Barclays PLC uses funds from its own market issuance of AT1 securities to purchase AT1 securities from the Barclays Bank Group. The AT1 securities are perpetual securities with no fixed maturity and are structured to qualify as AT1 instruments under prevailing capital rules applicable as at the relevant issue date. In 2022, there were three issuances of AT1 instruments, in the form of Fixed Rate Resetting Perpetual Subordinated Contingent Convertible Securities for £3,134m (2021: one issuance for £1,072m) which includes issuance costs of £32m ( 2021 : £11m ) . There were two redemptions in 2022 totalling £2,136m (2021: no redemptions). AT1 equity instruments 2022 2021 Initial call date £m £m AT1 equity instruments - Barclays Bank Group 7.875% Perpetual Subordinated Contingent Convertible Securities 2022 — 1,000 7.875% Perpetual Subordinated Contingent Convertible Securities (USD 1,500m) 2022 — 1,136 7.25% Perpetual Subordinated Contingent Convertible Securities 2023 500 500 7.75% Perpetual Subordinated Contingent Convertible Securities (USD 2,500m) 2023 1,925 1,925 5.875% Perpetual Subordinated Contingent Convertible Securities 2024 623 623 8% Perpetual Subordinated Contingent Convertible Securities (USD 2,000m) 2024 1,509 1,509 7.125% Perpetual Subordinated Contingent Convertible Securities 2025 299 299 6.375% Perpetual Subordinated Contingent Convertible Securities 2025 495 495 6.125% Perpetual Subordinated Contingent Convertible Securities (USD 1,500m) 2025 1,134 1,134 4.375% Perpetual Subordinated Contingent Convertible Securities (USD 1,500m) 2028 1,072 1,072 8.300% Perpetual Subordinated Contingent Convertible Securities (SGD450m) 2027 263 — 8.875% Perpetual Subordinated Contingent Convertible Securities 2027 1,237 — 8.000% Perpetual Subordinated Contingent Convertible Securities (USD2,000 m) 2029 1,634 — 10,691 9,693 |
Reserves
Reserves | 12 Months Ended |
Dec. 31, 2022 | |
Disclosure of reserves within equity [abstract] | |
Reserves | Reserves Currency translation reserve The currency translation reserve represents the cumulative gains and losses on the retranslation of the Barclays Bank Group's net investments in foreign operations, net of the effects of hedging. Fair value through other comprehensive income reserve The fair value through other comprehensive income reserve represents the changes in the fair value of financial instruments accounted for at fair value through other comprehensive income investments since initial recognition. Cash flow hedging reserve The cash flow hedging reserve represents the cumulative gains and losses on effective cash flow hedging instruments that will be recycled to the income statement when the hedged transactions affect profit or loss. Own credit reserve The own credit reserve reflects the cumulative own credit gains and losses on financial liabilities at fair value. Amounts in the own credit reserve are not recycled to profit or loss in future periods. Other reserves Other reserves includes redeemed ordinary and preference shares issued by the Barclays Bank Group. Barclays Bank Group 2022 2021 £m £m Currency translation reserve 4,992 2,581 Fair value through other comprehensive income reserve (1,342) (118) Cash flow hedging reserve (5,557) (618) Own credit reserve 467 (960) Other reserves (24) (24) Total (1,464) 861 |
Staff costs
Staff costs | 12 Months Ended |
Dec. 31, 2022 | |
Classes of employee benefits expense [abstract] | |
Staff costs | Staff costs Accounting for staff costs The Barclays Bank Group applies IAS 19 Employee benefits in its accounting for most of the components of staff costs. Short-term employee benefits – salaries, accrued performance costs and social security are recognised over the period in which the employees provide the services to which the payments relate. Performance costs – recognised to the extent that the Barclays Bank Group has a present obligation to its employees that can be measured reliably and are recognised over the period of service that employees are required to work to qualify for the payments. Deferred cash and share awards are made to employees to incentivise performance over the period employees provide services. To receive payment under an award, employees must provide service over the vesting period. The period over which the expense for deferred cash and share awards is recognised is based upon the period employees consider their services contribute to the awards. For past awards, the Barclays Bank Group considers that it is appropriate to recognise the awards over the period from the date of grant to the date that the awards vest. In relation to awards granted from 2017, the Barclays Bank Group, taking into account the changing employee understanding surrounding those awards, considered it appropriate for expense to be recognised over the vesting period including the financial year prior to the grant date. The accounting policies for share-based payments, and pensions and other post-retirement benefits, are included in Note 30 and Note 31 respectively. 2022 2021 2020 £m £m £m Performance costs 1,398 1,308 1,145 Salaries a 2,637 2,245 2,285 Social security costs 352 297 295 Post-retirement benefits b 188 181 176 Other compensation costs 205 172 208 Total compensation costs 4,780 4,203 4,109 Other resourcing costs Outsourcing 259 136 142 Redundancy and restructuring 45 49 47 Temporary staff costs 25 17 14 Other 83 51 53 Total other resourcing costs 412 253 256 Total staff costs 5,192 4,456 4,365 Notes a £197m (2021: £152m; 2020: £156m) of compensation was capitalised as internally generated software. b Post-retirement benefits charge includes £140m (2021: £121m; 2020: £127m) in respect of defined contribution schemes and £48m (2021: £60m; 2020: £49m) in respect of defined benefit schemes. |
Share-based payments
Share-based payments | 12 Months Ended |
Dec. 31, 2022 | |
Disclosure of terms and conditions of share-based payment arrangement [abstract] | |
Share-based payments | Share-based payments Accounting for share-based payments The Barclays Bank Group applies IFRS 2 Share-based Payments in accounting for employee remuneration in the form of shares. Employee incentives include awards in the form of shares and share options, as well as offering employees the opportunity to purchase shares on favourable terms. The cost of the employee services received in respect of the shares or share options granted is recognised in the income statement over the period that employees provide services. The overall cost of the award is calculated using the number of shares and options expected to vest and the fair value of the shares or options at the date of grant. The number of shares and options expected to vest takes into account the likelihood that performance and service conditions included in the terms of the awards will be met. Failure to meet the non-vesting condition is treated as a cancellation, resulting in an acceleration of recognition of the cost of the employee services. The fair value of shares is the market price ruling on the grant date, in some cases adjusted to reflect restrictions on transferability. The fair value of options granted is determined using the Black Scholes model to estimate the numbers of shares likely to vest. The model takes into account the exercise price of the option, the current share price, the risk-free interest rate, the expected volatility of the share price over the life of the option and other relevant factors. Market conditions that must be met in order for the award to vest are also reflected in the fair value of the award, as are any other non-vesting conditions – such as continuing to make payments into a share-based savings scheme. The charge for the year arising from share based payment schemes was as follows: Charge for the year 2022 2021 2020 £m £m £m Deferred Share Value Plan / Share Value Plan 270 235 220 Others 153 159 129 Total equity settled 423 394 349 Cash settled 3 4 2 Total share based payments 426 398 351 The terms of the main current plans are as follows: Share Value Plan (SVP) The SVP was introduced in Barclays PLC Group in March 2010. SVP awards have been granted to participants in the form of a conditional right to receive Barclays PLC shares or provisional allocations of Barclays PLC shares which vest or are considered for release over a period of three, four, five or seven years. Participants do not pay to receive an award or to receive a release of shares. For awards granted before December 2017, the grantor may also make a dividend equivalent payment to participants on release of a SVP award. SVP awards are also made to eligible employees for recruitment purposes. All awards are subject to potential forfeiture in certain leaver scenarios. Deferred Share Value Plan (DSVP) The DSVP was introduced in February 2017. The terms of the DSVP are materially the same as the terms of the SVP as described above, save that Executive Directors are not eligible to participate in the DSVP and the DSVP operates over market purchase shares only. Other schemes In addition to the SVP and DSVP, the Barclays PLC Group operates a number of other schemes settled in Barclays PLC Shares including Sharesave (both UK and Ireland), Sharepurchase (both UK and Overseas), and the Barclays PLC Group Long Term Incentive Plan. A delivery of upfront shares to ‘Material Risk Takers’ can be made as a Share Incentive Award (Holding Period) under the SVP. Share option and award plans The weighted average fair value per award granted, weighted average share price at the date of exercise/release of shares during the year, weighted average contractual remaining life and number of options and awards outstanding (including those exercisable) at the balance sheet date were as follows: 2022 2021 Weighted average fair value per award granted in year Weighted average share price at exercise/ release during year Weighted Number of Weighted average fair value per award granted in year Weighted average share price at exercise/ release during year Weighted Number of £ £ £ £ DSVP / SVP a.b 1.43 1.61 1 445,673 1.63 1.76 1 370,505 Others a 0.38-1.65 1.59-1.7 0-2 47,610 0.64-1.81 1.76-1.92 0-3 47,480 SVP and DSVP are nil cost awards on which the performance conditions are substantially completed at the date of grant. Consequently, the fair value of these awards is based on the market value at that date. Sharesave has a contractual life of 3 years and 5 years, the expected volatility is 31.10% for 3 years and 30.56% for 5 years. The risk free interest rates used for valuations are 4.28% and 4.05% for 3 years and 5 years respectively. The pure dividend yield rates used for valuations are 4.01% and 3.93% for 3 years and 5 years respectively. The repo rates used for valuations are (0.47)% and (0.63)% for 3 years and 5 years respectively. The inputs into the model such as risk free interest rate, expected volatility, pure dividend yield rates and repo rates are derived from the market data. Movements in options and awards The movement in the number of options and awards for the major schemes and the weighted average exercise price of options was: DSVP / SVP a,b Others a,c Number (000s) Number (000s) Weighted average 2022 2021 2022 2021 2022 2021 Outstanding at beginning of year/acquisition date 370,505 370,006 47,480 53,767 0.95 0.95 Transfers in the year d (3,742) (2,214) 2,048 (2,697) — — Granted in the year 264,257 174,338 93,160 79,050 1.33 1.43 Exercised/released in the year (162,958) (144,943) (90,696) (78,273) 1.18 1.36 Less: forfeited in the year (22,389) (26,682) (4,017) (3,395) 0.99 0.95 Less: expired in the year — — (365) (972) 1.19 1.69 Outstanding at end of year 445,673 370,505 47,610 47,480 0.97 0.95 Of which exercisable: — — 5,541 4,428 1.21 1.16 Notes a Options/award granted over Barclays PLC shares. b Weighted average exercise price is not applicable for SVP and DSVP awards as these are not share option schemes. c The number of awards within Others at the end of the year principally relates to Sharesave (number of awards exercisable at end of year was 2,312,749). The weighted average exercise price relates to Sharesave. d Awards of employees transferred between the Barclays Bank Group and the rest of the Barclays PLC Group. Awards and options granted to employees and former employees of the Barclays Bank Group under the Barclays PLC Group share plans may be satisfied using new issue shares, treasury shares and market purchase shares of Barclays PLC. Awards granted to employees and former employees of the Barclays Bank Group under DSVP may only be satisfied using market purchase shares of Barclays PLC. There were no significant modifications to the share based payments arrangements in 2022 and 2021. As at 31 December 2022, the total liability arising from cash-settled share based payments transactions was £5m (2021: £4m). |
Pensions and post-retirement be
Pensions and post-retirement benefits | 12 Months Ended |
Dec. 31, 2022 | |
Disclosure of defined benefit plans [abstract] | |
Pension and post-retirement benefits | Pensions and post-retirement benefits Accounting for pensions and post-retirement benefits The Barclays Bank Group operates a number of pension schemes and post-employment benefit schemes. Defined contribution schemes – the Barclays Bank Group recognises contributions due in respect of the accounting period in the income statement. Any contributions unpaid at the balance sheet date are included as a liability. Defined benefit schemes – the Barclays Bank Group recognises its obligations to members of each scheme at the period end, less the fair value of the scheme assets after applying the asset ceiling test. Each scheme’s obligations are calculated using the projected unit credit method. Scheme assets are stated at fair value as at the period end. Changes in pension scheme liabilities or assets (remeasurements) that do not arise from regular pension cost, net interest on net defined benefit liabilities or assets, past service costs, settlements or contributions to the scheme are recognised in other comprehensive income. Remeasurements comprise experience adjustments (differences between previous actuarial assumptions and what has actually occurred), the effects of changes in actuarial assumptions, return on scheme assets (excluding amounts included in the interest on the assets) and any changes in the effect of the asset ceiling restriction (excluding amounts included in the interest on the restriction). Post-employment benefit schemes – the cost of providing healthcare benefits to retired employees is accrued as a liability in the financial statements over the period that the employees provide services to the Barclays Bank Group, using a methodology similar to that for defined benefit pension schemes. Pension schemes UK Retirement Fund (UKRF) The UKRF is the Barclays Bank Group’s main scheme, representing 96% (2021: 97%) of the Barclays Bank Group’s total retirement benefit obligations. Barclays Bank PLC is the principal employer of the UKRF. The UKRF was closed to new entrants on 1 October 2012, and comprises 10 sections, the two most significant of which are: ▪ Afterwork, which comprises a contributory cash balance defined benefit element, and a voluntary defined contribution element. The cash balance element is accrued each year and revalued until Normal Retirement Age in line with the increase in Retail Price Index (RPI) (up to a maximum of 5% p.a.). The main risks that the Barclays Bank Group runs in relation to Afterwork are limited although additional contributions are required if pre-retirement investment returns are not sufficient to provide for the benefits. ▪ The 1964 Pension Scheme. Most employees recruited before July 1997 built up benefits in this non-contributory defined benefit scheme in respect of service up to 31 March 2010. Pensions were calculated by reference to service and pensionable salary. From 1 April 2010, members became eligible to accrue future service benefits in either Afterwork or the Pension Investment Plan (PIP), a historic defined contribution section which is now closed to future contributions. The risks that the Barclays Bank Group runs in relation to the 1964 section are typical of final salary pension schemes, principally that investment returns fall short of expectations, that inflation exceeds expectations, and that retirees live longer than expected. Barclays Pension Savings Plan (BPSP) The BPSP is a defined contribution scheme providing benefits for all new UK hires from 1 October 2012. BPSP is not subject to the same investment return, inflation or life expectancy risks for the Barclays Bank Group that defined benefit schemes are. Members’ benefits reflect contributions paid and the level of investment returns achieved. Other Apart from the UKRF and the BPSP, the Barclays Bank Group operates a number of smaller pension and long-term employee benefits and post-retirement health care plans globally, the largest of which are the US defined benefit and defined contribution schemes. Many of the schemes are funded, with assets backing the obligations held in separate legal vehicles such as trusts. Others are operated on an unfunded basis. The benefits provided, the approach to funding, and the legal basis of the schemes, reflect local environments. Governance The UKRF operates under trust law and is managed and administered on behalf of the members in accordance with the terms of the Trust Deed and Rules and all relevant legislation. The Corporate Trustee is Barclays Pension Funds Trustees Limited, a private limited company and a wholly owned subsidiary of Barclays Bank PLC. The Trustee is the legal owner of the assets of the UKRF which are held separately from the assets of the Barclays Bank Group. The Trustee Board comprises six Management Directors selected by Barclays Bank PLC, of whom three are independent Directors with no relationship with the Barclays Bank Group (and who are not members of the UKRF), plus three Member Nominated Directors selected from eligible active members of the UKRF, deferred members or pensioner members who apply for the role. The BPSP is a Group Personal Pension arrangement which operates as a collection of personal pension plans. Each personal pension plan is a direct contract between the employee and the BPSP provider (Legal & General Assurance Society Limited), and is regulated by the FCA. Similar principles of pension governance apply to the Barclays Bank Group’s other pension schemes, depending on local legislation. Amounts recognised The following tables include amounts recognised in the income statement and an analysis of benefit obligations and scheme assets for all Barclays Bank Group defined benefit schemes. The net position is reconciled to the assets and liabilities recognised on the balance sheet. The tables include funded and unfunded post-retirement benefits. The income statement charge with respect to defined contribution schemes is disclosed as part of footnotes to Note 29 “Staff costs”. Income statement (credit)/charge 2022 2021 £m £m Current service cost 28 58 Net finance (income)/cost (122) (26) Past service cost 20 — Other movements — 2 Total (74) 34 Barclays Bank PLC is the principal employer of the UKRF and hence Scheme Assets and Defined Benefit Obligations relating to the UKRF are recognised within the Barclays Bank Group. Barclays Bank UK PLC and Barclays Execution Services Limited are participating employers in the UKRF and their share of the UKRF service cost is borne by them. Of the £209m current service cost in the table below, £47m relates to Barclays Bank UK PLC and £134m relates to Barclays Execution Services Limited. While the entire current service cost obligation is accounted for in the Barclays Bank Group, the income statement charge is accounted for across all the participating employers. Balance sheet reconciliation 2022 2021 Barclays Bank Group Total Of which relates to UKRF Barclays Bank Group Total Of which relates to UKRF £m £m £m £m Benefit obligation at beginning of the year (31,834) (30,859) (33,131) (32,108) Current service cost (209) (197) (240) (225) Interest costs on scheme liabilities (725) (707) (422) (405) Past service cost (20) (20) — — Remeasurement gain/(loss) - financial 10,995 10,734 849 820 Remeasurement gain/(loss) - demographic 268 270 53 50 Remeasurement (loss)/gain - experience (521) (510) (249) (259) Employee contributions (4) — (4) — Benefits paid 1,339 1,299 1,309 1,268 Exchange and other movements (90) — 1 — Benefit obligation at end of the year (20,801) (19,990) (31,834) (30,859) Fair value of scheme assets at beginning of the year 35,467 34,678 34,713 33,915 Interest income on scheme assets 847 829 448 434 Employer contribution 1,807 1,785 971 955 Remeasurement - return on plan assets (less)/greater than discount rate (11,510) (11,313) 653 642 Employee contributions 4 — 4 — Benefits paid (1,339) (1,299) (1,309) (1,268) Exchange and other movements 84 — (13) — Fair value of scheme assets at the end of the year 25,360 24,680 35,467 34,678 Net surplus 4,559 4,690 3,633 3,819 Retirement benefit assets 4,743 4,690 3,879 3,819 Retirement benefit liabilities (184) — (246) — Net retirement benefit assets 4,559 4,690 3,633 3,819 Included within the Barclays Bank Group’s benefit obligation is £690m (2021: £821m) relating to overseas pensions and £121m (2021: £154m) relating to other post-employment benefits. As at 31 December 2022, the UKRF’s scheme assets were in surplus versus IAS 19 obligations by £4,690m (2021: £3,819m). The increase in the UKRF surplus during the year is driven by £294m of deficit reduction contributions and the unwind of the Senior Notes (see later in note), partially offset by higher than expected inflation experienced during the year. The UKRF assets and benefit obligation have reduced by c£10bn and c£11bn respectively over the year, primarily due to higher gilt and bond yields. This is as expected from the investment strategy which aims to invest in assets that move in value in line with changes in liability values. The weighted average duration of the benefit payments reflected in the defined benefit obligation for the UKRF is 13 years (2021: 16 years). The decrease in duration is primarily due to the increase in discount rate, driven by higher corporate bond yields. The UKRF expected benefits are projected to be paid out for in excess of 50 years, although 30% of the total benefits are expected to be paid in the next 10 years; 30% in years 11 to 20 and 25% in years 21 to 30. The remainder of the benefits are expected to be paid beyond 30 years. Of the £1,299m (2021: £1,268m) UKRF benefits paid out, £390m (2021: £419m) related to transfers out of the fund. Where a scheme’s assets exceed its obligations, an asset is recognised to the extent that it does not exceed the present value of future contribution holidays or refunds of contributions (the asset ceiling). In the case of the UKRF the asset ceiling is not applied as, in certain specified circumstances such as wind-up, the Barclays Bank Group expects to be able to recover any surplus. Similarly, a liability in respect of future minimum funding requirements is not recognised. The UKRF Trustee does not have a substantive right to augment benefits, nor does it have the right to wind up the plan except in the dissolution of Barclays Bank PLC or termination of contributions by Barclays Bank PLC. The application of the asset ceiling to other plans and recognition of additional liabilities in respect of future minimum funding requirements is considered on an individual plan basis. Critical accounting estimates and judgements Actuarial valuation of the scheme's obligations is dependent upon a series of assumptions. Below is a summary of the main financial and demographic assumptions adopted for the UKRF. Key UKRF financial assumptions 2022 2021 % p.a. % p.a. Discount rate 4.80 1.84 Inflation rate (RPI) 3.21 3.56 The UKRF discount rate assumption for 2022 was based on a standard WTW RATE Link model. The RPI inflation assumption for 2022 was set by reference to the Bank of England’s implied inflation curve. The inflation assumption incorporates a deduction of 20 basis points as an allowance for an inflation risk premium. The methodologies used to derive the discount rate and inflation assumptions are consistent with that used at the prior year end. The UKRF’s post-retirement mortality assumptions are based on an updated best estimate assumption derived from an analysis in 2022 of the UKRF’s own post-retirement mortality experience and taking account of recent evidence from published mortality surveys. An allowance has been made for future mortality improvements based on the 2021 core projection model published by the Continuous Mortality Investigation Bureau subject to a long-term trend of 1.25% per annum in future improvements (2021: 1.50% per annum). An additional allowance has been made within the mortality assumptions to reflect the uncertain impact of COVID-19 in the long-term. The table below shows how the assumed life expectancy at 60, for members of the UKRF, has varied over the past three years. Assumed life expectancy 2022 2021 2020 Life expectancy at 60 for current pensioners (years) – Males 26.8 27.3 27.2 – Females 29.5 29.6 29.4 Life expectancy at 60 for future pensioners currently aged 40 (years) – Males 28.3 29.1 29.0 – Females 31.0 31.4 31.2 The UKRF entered into a longevity reinsurance contract in 2022 covering £7bn of the pensioner liabilities. This is in addition to a £5bn transaction executed in 2020. In total, over three-quarters of the longevity risk for current pensioners has been reinsured, and the transactions will provide income to the UKRF in the event that pensions are paid out for longer than expected. The contracts form part of the UKRF’s investment portfolio. At 31 December 2022, the contracts are valued at £(123)m (2021: nil). The negative value placed on the longevity reinsurance contracts at 31 December 2022 reflects the estimated impact of changes in the reinsurance market, demographic assumptions and risk premia since the 2020 transaction was entered into by the UKRF. The 2022 transaction is valued at nil as it is assessed to have been transacted recently at fair value. Sensitivity analysis on actuarial assumptions The sensitivity analysis has been calculated by valuing the UKRF liabilities using the amended assumptions shown in the table below and keeping the remaining assumptions the same as disclosed in the table above, except in the case of the inflation sensitivity where other assumptions that depend on assumed inflation have also been amended correspondingly. The difference between the recalculated liability figure and that stated in the balance sheet reconciliation table above is the figure shown. The selection of these movements to illustrate the sensitivity of the defined benefit obligation to key assumptions should not be interpreted as the Barclays Bank Group expressing any specific view of the probability of such movements happening. Change in key assumptions 2022 2021 (Decrease)/Increase in UKRF defined benefit obligation (Decrease)/Increase in UKRF defined benefit obligation £bn £bn Discount rate 0.50% p.a. increase (1.1) (2.3) 0.25% p.a. increase (0.6) (1.2) 0.25% p.a. decrease 0.6 1.3 0.50% p.a. decrease 1.2 2.6 Assumed RPI 0.50% p.a. increase 0.8 1.6 0.25% p.a. increase 0.4 0.8 0.25% p.a. decrease (0.4) (0.8) 0.50% p.a. decrease (0.8) (1.6) Life expectancy at 60 One year increase 0.6 1.2 One year decrease (0.5) (1.2) Assets A long-term investment strategy has been set for the UKRF, with its asset allocation comprising a mixture of equities, bonds, property and other appropriate assets. This recognises that different asset classes are likely to produce different long-term returns and some asset classes may be more volatile than others. The long-term investment strategy ensures, among other aims, that investments are adequately diversified. The value of the assets of the schemes and their percentage in relation to total scheme assets were as follows: Analysis of scheme assets Barclays Bank Group Total Of which relates to UKRF Quoted Unquoted a Value % of total Quoted Unquoted a Value % of total £m £m £m % £m £m £m % As at 31 December 2022 Equities 113 — 113 0.5 — — — — Private equities — 2,734 2,734 10.8 — 2,734 2,734 11.1 Bonds - fixed government 1,353 — 1,353 5.3 1,098 — 1,098 4.4 Bonds - index-linked government 9,847 — 9,847 38.9 9,829 — 9,829 39.9 Bonds - corporate and other 5,884 1,551 7,435 29.3 5,690 1,551 7,241 29.3 Property 13 1,310 1,323 5.2 — 1,310 1,310 5.3 Infrastructure 793 790 1,583 6.2 793 790 1,583 6.4 Hedge funds 11 1,362 1,373 5.4 — 1,362 1,362 5.5 Derivatives (20) (1,837) (1,857) (7.3) (20) (1,837) (1,857) (7.5) Longevity reinsurance contracts — (123) (123) (0.5) — (123) (123) (0.5) Cash and liquid assets c (1,776) 3,286 1,510 6.0 (1,789) 3,286 1,497 6.1 Mixed investment funds 11 — 11 — — — — — Other 7 51 58 0.2 — 6 6 — Fair value of scheme assets 16,236 9,124 25,360 100.0 15,601 9,079 24,680 100.0 As at 31 December 2021 Equities 294 — 294 0.8 167 — 167 0.5 Private equities — 3,113 3,113 8.8 — 3,113 3,113 9.0 Bonds - fixed government 2,384 161 2,545 7.2 2,080 161 2,241 6.5 Bonds - index-linked government 15,375 — 15,375 43.5 15,352 — 15,352 44.4 Bonds - corporate and other 7,451 1,498 8,949 25.2 7,214 1,498 8,712 25.1 Property 14 1,490 1,504 4.2 — 1,490 1,490 4.3 Infrastructure — 1,815 1,815 5.1 — 1,815 1,815 5.2 Hedge funds — 1,365 1,365 3.8 — 1,365 1,365 3.9 Derivatives 1 10 11 — 1 10 11 — Longevity reinsurance contracts — — — — — — — — Cash and liquid assets c (1,865) 2,275 410 1.2 (1,878) 2,275 397 1.1 Mixed Investment funds 9 — 9 — — — — — Other 20 57 77 0.2 — 15 15 — Fair value of scheme assets b 23,683 11,784 35,467 100.0 22,936 11,742 34,678 100.0 Notes a Valuation of unquoted assets is provided by the underlying managers or qualified independent valuers. Valuations of complex instruments are based on UKRF custodian valuations. The valuation for some of the unquoted assets, in particular Private equities, is based on valuations as at 30 September 2022 adjusted by cash flows, these being the latest available valuations as at the point of publication. All valuations are determined in accordance with relevant industry guidance. b The asset allocation for 2021 has been re-presented to reflect re-interpretation of the asset classifications as well as a reclassification of £1.2bn between unquoted/quoted bonds and quoted/unquoted bonds, in a manner that management believes better represents the underlying nature of the assets. c Cash and liquid assets for the UKRF consists of £521m (2021:£488m) Cash, £80m (2021:£93m) Receivables/payables, £3,286m (2021: £2,275m) Pooled cash funds and £(2,390)m (2021: £(2,459)m) Repurchase agreements. Included within the fair value of UKRF scheme assets was nil (2021: nil) relating to shares in Barclays PLC and nil (2021: nil) relating to bonds issued by Barclays PLC or Barclays Bank PLC. The UKRF invests in pooled investment vehicles which may hold shares or debt issued by Barclays PLC. There has been no significant change in the UKRF investment strategy over the year, however, given the movement in the gilt and bond yields over the year, the relative weights of assets classes have changed. No additional support from the Barclays Bank Group was required in response to the market volatility experienced over the year. The UKRF assets as at 31 December 2021 do not include the Senior Notes referred to in the section below on Triennial Valuation, as these were non-transferable instruments and not recognised under IAS19. The Senior Notes were redeemed in December 2022, and the redemption proceeds are now included in Cash and Liquid Assets as at 31 December 2022. Approximately 34% of the UKRF assets are invested in liability-driven investment strategies; primarily UK gilts as well as interest rate and inflation swaps. These swaps are used to better match the assets to its liabilities. The swaps are used to reduce the scheme’s inflation and duration risks against its liabilities. The UKRF employs derivative instruments, where appropriate, to match assets more closely to liabilities, or to achieve a desired exposure or return. The value of assets shown reflects the assets held by the UKRF, with any derivative holdings reflected on a fair value basis. The UKRF uses repurchase agreements and reverse repurchase agreements to achieve the Trustee’s liability hedging objective. Investment managers are allowed to undertake repo transactions on the UKRF’s existing gilt holdings to raise cash with which to buy additional gilts for efficient portfolio management; and reverse repo transactions to receive gilts and be paid a fee for providing cash. For information on the UKRF Trustee’s approach to Responsible Investment and Climate Risk, in the context of managing the UKRF, please refer to the UKRF Trustee website at https://epa.towerswatson.com/accounts/barclays/public/barclays-bank-responsible-investment-policy/. Triennial Valuation The latest triennial actuarial valuation of the UKRF showed a funding surplus of £2.0bn as at 30 September 2022 (2021 update: £0.6bn surplus). The improvement was mainly due to £294mn of deficit reduction contributions, changes to views on life expectancy and inflationary returns on assets relative to liabilities being better than expected. The main differences between the funding and accounting assumptions are a different approach to setting the discount rate and a more conservative longevity assumption for funding. As the UKRF has a funding surplus, the 2023 deficit reduction contribution (£286m), agreed as part of the 2019 triennial actuarial valuation, is no longer required, and a new recovery plan was not required. As part of the 2022 triennial valuation, the Trustee and Barclays Bank PLC agreed an annual adequacy test on a basis more prudent than the IAS19 or funding bases. Should the UKRF be sufficiently funded on this basis, the regular employer contributions to the UKRF to fund future Afterwork accrual will not be required in the following calendar year. The test will be reviewed at the 2025 triennial valuation. The next funding valuation of the UKRF is due to be completed in 2026 with an effective date of 30 September 2025. Subscription for Fixed rate notes: During 2019 and 2020 the UKRF subscribed for non-transferable listed senior fixed rate notes for £1,250m, backed by UK gilts (the Senior Notes). These investments were partially financed by £1,000m deficit reduction contributions. The Senior Notes were issued by two entities consolidated in the Barclays Bank Group under IFRS 10: Heron Issuer Limited (Heron) for £500m and Heron Issuer Number 2 Limited (Heron 2) for £750m. The Senior Notes entitled the UKRF to semi-annual coupon payments for five years, and full repayment in cash in three tranches: £250m in 2023, £750m in 2024 and £250m at final maturity in 2025. Heron and Heron 2 acquired a total of £1,500m of gilts from Barclays Bank PLC for cash to support payments on the Senior Notes. Barclays Bank PLC subscribed for the junior notes issued by Heron and Heron 2 for £250m. The regulatory capital impact, which otherwise would have occurred in 2019 and 2020 from the regular deficit reduction contributions, would have been deferred until 2023, 2024 and 2025 upon maturity of the Senior Notes. As part of the planned early unwind of these transactions disclosed in Barclays PLC’s Q1 2022 Results Announcement, Barclays Bank PLC purchased the Senior Notes at fair value from the UKRF for cash in December 2022. The UKRF’s investment in the Senior Notes did not qualify as a plan asset under IAS 19; so the purchase of the Senior Notes for cash increased IAS 19 plan assets by £1,250m and thereby accelerated the regulatory capital impact of the deficit reduction contributions to 2022 from 2023, 2024 and 2025. Barclays Bank PLC subsequently reacquired the gilts held by Heron and Heron 2 in exchange for the redemption of all the fixed rate notes. The gilts were disposed of by Barclays Bank PLC prior to year-end. Other support measures agreed which remain in place Collateral – Barclays Bank PLC has entered into an agreement with the UKRF Trustee to provide collateral to cover at least 100% of any funding deficit with an overall cap of £9bn, to provide security for the UKRF funding deficit as it increases or decreases over time. The collateral pool is currently zero reflecting the surplus funding position. The arrangement provides the UKRF Trustee with dedicated access to the pool of assets in the event of Barclays Bank PLC not paying a deficit reduction contribution to the UKRF or in the event of Barclays Bank PLC’s insolvency. Participation – As permitted under the Financial Services and Markets Act 2000 (Banking Reform) (Pensions) Regulations 2015, Barclays Bank UK PLC is a participating employer in the UKRF and will remain so during a transitional phase until September 2025 as set out in a deed of participation. Barclays Bank UK PLC will make contributions for the future service of its employees who are currently Afterwork members and, in the event of Barclays Bank PLC’s insolvency during this period, provision has been made to require Barclays Bank UK PLC to become the principal employer of the UKRF. Barclays Bank PLC’s Section 75 debt would be triggered by the insolvency (the debt would be calculated after allowing for the payment to the UKRF of the collateral above). Defined benefit contributions paid with respect to the UKRF were as follows: Contributions paid £m 2022 1,785 2021 955 2020 748 There were nil (2021: nil) Section 75 contributions included within the Barclays Bank Group’s contributions paid as no participating employers left the UKRF in 2022. The Barclays Bank Group’s expected contribution to the UKRF in respect of defined benefits in 2023 is £38m (2022: £352m). In addition, the expected contributions to UK defined contribution schemes in 2023 is £32m (2022: £6m) to the UKRF and £243m (2022: £42m) to the BPSP. |
Principal subsidiaries
Principal subsidiaries | 12 Months Ended |
Dec. 31, 2022 | |
Disclosure of subsidiaries [abstract] | |
Principal subsidiaries | Principal subsidiaries Barclays Bank Group applies IFRS 10 Consolidated Financial Statements. The consolidated financial statements combine the financial statements of Barclays Bank PLC and all of its subsidiaries. Subsidiaries are entities over which Barclays Bank Group has control. Under IFRS 10, this is when Barclays Bank Group is exposed to or has rights to variable returns from its involvement in an entity and has the ability to affect those returns through its power over an entity. Barclays Bank Group reassesses whether it controls an entity if facts and circumstances indicate that there have been changes to its power, its rights to variable returns or its ability to use its power to affect the amount of its returns. Intra-group transactions and balances are eliminated on consolidation and consistent accounting policies are used throughout the Barclays Bank Group for the purposes of the consolidation. Changes in ownership interests in subsidiaries are accounted for as equity transactions if they occur after control has been obtained and they do not result in loss of control. The significant judgements used in applying this policy are set out below. Accounting for investment in subsidiaries In the individual financial statements of Barclays Bank PLC, investments in subsidiaries are stated at cost less impairment. Investments in subsidiaries, the majority of which are engaged in banking related activities, are recorded on the balance sheet at historical cost less any impairment. At 31 December 2022 the historical cost of investments in subsidiaries was £22,180m (2021: £19,517m), and impairment allowances recognised against these investments totalled £2,916m (2021: £383m). The increase of £130m in the year was driven by an increase in the cost of investments in subsidiaries totalling £2,663m offset with an increase in impairment of £2,533m, predominantly relating to the cost of investment in Barclays Bank Ireland PLC. The impairment of the Barclays Bank Ireland PLC has been recognised in the income statement of Barclays Bank PLC. At the end of each reporting period an impairment review is undertaken in respect of investments in the ordinary shares of subsidiaries. Impairment is indicated where the investment exceeds the recoverable amount. The recoverable amount is calculated as a value in use (VIU) which is derived from the present value of future cash flows expected to be received from the investment. The VIU calculations use forecast attributable profit based on financial budgets approved by management, covering a five-year period as an approximation of future cash flows discounted using a discount rate appropriate to the subsidiary being tested. A terminal growth rate is then applied to the cash flows thereafter, which is based upon expectations of future inflation rates. The 2022 review identified impairment of the investment in Barclays Bank Ireland PLC of £2,489m, reducing its carrying value to £2,548m. The VIU calculation uses five-year profit after tax forecasts based on the formally agreed medium term plans approved by the Board. A post tax discount rate of 12.8% (pre-tax 16.6%) has been applied to the cash flow forecast. A terminal growth rate of 2% has been used to calculate a terminal value for the investment. The terminal growth rate used has been based on inflation rates. A 1% increase in the discount rate would increase the impairment amount in Barclays Bank PLC by £266m. A reduction in the terminal growth rate of 1% would increase the impairment amount by £194m . A reduction in the forecasted cash flows by 10% per annum would increase impairment by £311m. Principal subsidiaries of the Barclays Bank Group are set out below. This includes those subsidiaries that are most significant in the context of the Barclays Bank Group’s business, results or financial position. Company Name Principal place of business or incorporation Nature of business Percentage of voting rights held Non-controlling interests - proportion of ownership interests Non-controlling interests - proportion of voting interests % % % Barclays Bank Delaware United States Credit card issuer 100 — — Barclays Bank Ireland PLC Ireland Banking 100 — — Barclays Capital Inc. United States Securities dealing 100 — — Barclays Capital Securities Limited United Kingdom Securities dealing 100 — — Barclays Securities Japan Limited Japan Securities dealing 100 — — Barclays US LLC United States Holding company 100 — — The country of registration or incorporation is also the principal area of operation of each of the above subsidiaries. Ownership interests are in some cases different to voting interests due to the existence of non-voting equity interests, such as preference shares. Significant judgements and assumptions used to determine the scope of the consolidation Determining whether the Barclays Bank Group has control of an entity is generally straightforward based on ownership of the majority of the voting capital. However, in certain instances, this determination will involve significant judgement, particularly in the case of structured entities where voting rights are often not the determining factor in decisions over the relevant activities. This judgement will involve assessing the purpose and design of the entity. It will also often be necessary to consider whether the Barclays Bank Group, or another involved party with power over the relevant activities, is acting as a principal in its own right or as an agent on behalf of others. There is also often considerable judgement involved in the ongoing assessment of control over structured entities. In this regard, where market conditions have deteriorated such that the other investors’ exposures to the structure’s variable returns have been substantively eliminated, the Barclays Bank Group may conclude that the managers of the structured entity are acting as its agent and therefore will consolidate the structured entity. An interest in equity voting rights exceeding 50% would typically indicate that the Barclays Bank Group has control of an entity. However, the entity set out below is excluded from consolidation because the Barclays Bank Group does not have exposure to its variable returns. Company name Country of registration or incorporation Percentage of voting rights held (%) Equity shareholders' funds (£m) Retained profit for the year (£m) Palomino Limited Cayman Islands 100 — — This entity is managed by an external counterparty and consequently is not controlled by the Barclays Bank Group. Interests relating to this entity are included in Note 33. Significant restrictions As is typical for a group of its size and international scope, there are restrictions on the ability of the Barclays Bank Group to obtain distributions of capital, access the assets or repay the liabilities of members of the Barclays Bank Group due to the statutory, regulatory and contractual requirements of its subsidiaries and due to the protective rights of non-controlling interests. These are considered below. Regulatory requirements The Barclays Bank Group’s principal subsidiary companies have assets and liabilities before intercompany eliminations of £491bn (2021: £439bn) and £466bn (2021: £414bn) respectively. Certain classes of these assets and liabilities are subject to prudential regulation and regulatory capital requirements in the countries in which the subsidiaries are regulated. These prudential and regulatory capital requirements require entities to maintain minimum capital levels which cannot be returned to the parent company, Barclays Bank PLC, on a going concern basis. In order to meet capital requirements, subsidiaries may issue certain equity accounted and debt accounted financial instruments such as Tier 1 and Tier 2 capital instruments and other forms of subordinated liabilities. Refer to Note 26 and Note 27 for particulars of these instruments. These instruments may be subject to cancellation clauses or preference share restrictions that would limit the ability of the entity to repatriate the capital on a timely basis. Liquidity requirements Regulated subsidiaries of the Barclays Bank Group are required to meet PRA or local regulatory requirements pertaining to liquidity. Some of the regulated subsidiaries include Barclays Capital Securities Limited (which is regulated for liquidity matters on a combined basis with Barclays Bank PLC under a Domestic Liquidity Sub-Group (DoLSub) arrangement), Barclays Bank Ireland PLC, Barclays Capital Inc. and Barclays Bank Delaware Inc. See page 89 Statutory requirements The Barclays Bank Group’s subsidiaries are subject to statutory requirements not to make distributions of capital and unrealised profits and generally to maintain solvency. These requirements restrict the ability of subsidiaries to make remittances of dividends to Barclays Bank PLC, the parent, except in the event of a legal capital reduction or liquidation. In most cases the regulatory restrictions referred to above exceed the statutory restrictions. Asset encumbrance The Barclays Bank Group uses its financial assets to raise finance in the form of securitisations and through the liquidity schemes of central banks, as well as to provide security to the UK Retirement Fund. Once encumbered, the assets are not available for transfer around the Barclays Bank Group. The assets typically affected are disclosed in Note 36. Other restrictions The Barclays Bank Group is required to maintain balances with central banks and other regulatory authorities and these amounted to £3,038m (2021: £4,260m). |
Structured entities
Structured entities | 12 Months Ended |
Dec. 31, 2022 | |
Disclosure of information about consolidated structured entities [abstract] | |
Structured entities | Structured entities A structured entity is an entity in which voting or similar rights are not the dominant factor in deciding who controls the entity. An example is when voting rights relate to administrate tasks only and the relevant activities are directed by means of contractual arrangements. Structured entities are generally created to achieve a narrow and well-defined objective with restrictions around their ongoing activities. Depending on the Barclays Bank Group’s power over the activities of the entity and its exposure to and ability to influence its own returns, it may consolidate the entity. In other cases, it may sponsor or have exposure to such an entity but not consolidate it. Consolidated structured entities The Barclays Bank Group has contractual arrangements which may require it to provide financial support to the following types of consolidated structured entities: ▪ Securitisation: The Barclays Bank Group uses securitisation as a source of financing and a means of risk transfer. Where entities are controlled by the Barclays Bank Group, they are consolidated. Refer to Note 35 for further detail. ▪ Commercial paper (CP) conduits: These entities issue CP and use the proceeds to lend to clients as part of the Barclays Bank Group's multi-seller conduit programme. The Barclays Bank Group has provided £20.8bn (2021: £17.2bn) in contractual liquidity facilities to the CP conduits that the Barclays Bank Group consolidates. These amounts represent the maximum the conduits can lend externally. The amounts of CP conduit lending (drawn and undrawn) to unconsolidated structured entities can be seen in Other interests in unconsolidated structured entities under multi-seller conduit programme in the Summary of interests in unconsolidated structured entities table. ▪ Tender Option Bond (TOB) trusts: During 2022, the Barclays Bank Group provided undrawn liquidity facilities of £3.8bn (2021: £3.3bn) to consolidated TOB trusts. These trusts invest in fixed income instruments issued by state, local or other municipalities in the United States, funded by long-term senior floating-rate notes and junior residual securities. Unconsolidated structured entities The term ‘unconsolidated structured entities’ refers to structured entities not controlled by the Barclays Bank Group, and are established either by Barclays Bank Group or a third party. An interest in a structured entity is any form of contractual or non-contractual involvement which creates variability in returns arising from the performance of the entity for the Barclays Bank Group. Such interests include holdings of debt or equity securities, derivatives that transfer financial risks from the entity to the Barclays Bank Group, lending, loan commitments, financial guarantees and investment management agreements. Barclays Bank Group enters into transactions with unconsolidated structured entities in the normal course of business to facilitate customer transactions, to provide risk management services and for specific investment opportunities. This is predominantly within the Corporate and Investment Bank. Structured entities may take the form of funds, trusts, securitisation vehicles, and private investment companies. The largest transactions include loans and derivatives with hedge fund structures and special purpose entities, multi-seller conduit lending, holding notes issued by securitisation vehicles and facilitating customer requirements through funds. The nature and extent of the Barclays Bank Group’s interests in structured entities is summarised below: Summary of interests in unconsolidated structured entities Secured financing Short-term traded interests Traded derivatives Other interests Total £m £m £m £m £m As at 31 December 2022 Assets Trading portfolio assets — 8,632 — — 8,632 Financial assets at fair value through the income statement 75,166 — — 2,406 77,572 Derivative financial instruments — — 4,555 — 4,555 Financial assets at fair value through other comprehensive income — — — 423 423 Loans and advances at amortised cost — — — 36,842 36,842 Reverse repurchase agreements and other similar secured lending 117 — — — 117 Other assets — — — 65 65 Total assets 75,283 8,632 4,555 39,736 128,206 Liabilities Derivative financial instruments — — 8,460 — 8,460 As at 31 December 2021 Assets Trading portfolio assets — 7,170 — — 7,170 Financial assets at fair value through the income statement 61,816 — — 3,417 65,233 Derivative financial instruments — — 5,160 — 5,160 Financial assets at fair value through other comprehensive income — — — 91 91 Loans and advances at amortised cost — — — 22,741 22,741 Reverse repurchase agreements and other similar secured lending 104 — — — 104 Other assets — — — 12 12 Total assets 61,920 7,170 5,160 26,261 100,511 Liabilities Derivative financial instruments — — 9,543 — 9,543 Secured financing arrangements, short-term traded interests and traded derivatives are typically managed under market risk management policies described in the Market risk management section which includes an indication of the change of risk measures compared to last year. For this reason, the total assets of these entities are not considered meaningful for the purposes of understanding the related risks and so have not been presented. Other interests include conduits and lending where the interest is driven by normal customer demand. As at 31 December 2022, there were 6,095 (2021: 5,696) structured entities that the Barclays Bank Group entered into transactions with. Secured financing The Barclays Bank Group routinely enters into reverse repurchase contracts, margin lending, stock borrowing and similar arrangements on normal commercial terms where the counterparty to the arrangement is a structured entity. Due to the nature of these arrangements, especially the transfer of collateral and ongoing margining, the Barclays Bank Group is able to manage its variable exposure to the performance of the structured entity counterparty . The counterparties included in secured financing mainly include hedge fund limited structures, investment companies and special purpose entities. Short-term traded interests As part of its market making activities, the Barclays Bank Group buys and sells interests in structured vehicles, which are predominantly debt securities issued by asset securitisation vehicles. Such interests are typically held individually or as part of a larger portfolio for no more than 90 days. In such cases, the Barclays Bank Group typically has no other involvement with the structured entity other than the securities it holds as part of trading activities and its maximum exposure to loss is restricted to the carrying value of the asset. Traded derivatives The Barclays Bank Group enters into a variety of derivative contracts with structured entities which reference market risk variables such as interest rates, equities, foreign exchange rates and credit indices among other things. The main derivative types which are considered interests in structured entities include equity options, index-based and entity specific credit default swaps, and total return swaps. Interest rate swaps and foreign exchange derivatives that are not complex and which expose the Barclays Bank Group to insignificant credit risk by being senior in the payment waterfall of a securitisation and derivatives that are determined to introduce risk or variability to a structured entity are not considered to be an interest in an entity and have been excluded from the disclosures. A description of the types of derivatives and the risk management practices are detailed in Note 13. The risk of loss may be mitigated through ongoing margining requirements as well as a right to cash flows from the structured entity which are senior in the payment waterfall. Such margining requirements are consistent with market practice for many derivative arrangements and in line with the Barclays Bank Group’s normal credit policies. Derivative transactions require the counterparty to provide cash or other collateral under margining agreements to mitigate counterparty credit risk. The Barclays Bank Group is mainly exposed to settlement risk on these derivatives which is mitigated through daily margining. Total notional contract amounts were £244,780m (2021: £217,055m). Except for credit default swaps where the maximum exposure to loss is the swap notional amount, it is not possible to estimate the maximum exposure to loss in respect of derivative positions as the fair value of derivatives is subject to changes in market rates of interest, exchange rates and credit indices which by their nature are uncertain. In addition, the Barclays Bank Group’s losses would be subject to mitigating action under its traded market risk and credit risk policies that require the counterparty to provide collateral in cash or other assets in most cases. Other interests in unconsolidated structured entities The Barclays Bank Group’s interests in structured entities not held for the purposes of short-term trading activities are set out below, summarised by the nature of the interest and limited to significant categories, based on maximum exposure to loss. Nature of interest Multi-seller conduit programme Lending Other Total Of which: Barclays Bank Group owned, not consolidated entities a £m £m £m £m £m As at 31 December 2022 Financial assets at fair value through the income statement — 9 2,397 2,406 2,284 Financial assets at fair value through other comprehensive income — 220 203 423 — Loans and advances at amortised cost 8,681 21,847 6,314 36,842 — Other assets 32 33 — 65 — Total on-balance sheet exposures 8,713 22,109 8,914 39,736 2,284 Total off-balance sheet notional amounts 10,552 10,902 — 21,454 — Maximum exposure to loss 19,265 33,011 8,914 61,190 2,284 Total assets of the entity 66,504 154,501 63,798 284,803 8,690 As at 31 December 2021 Financial assets at fair value through the income statement — 2 3,415 3,417 3,335 Financial assets at fair value through other comprehensive income — 53 38 91 — Loans and advances at amortised cost 5,184 14,294 3,263 22,741 — Other assets 8 4 — 12 — Total on-balance sheet exposures 5,192 14,353 6,716 26,261 3,335 Total off-balance sheet notional amounts 11,015 9,394 — 20,409 — Maximum exposure to loss 16,207 23,747 6,716 46,670 3,335 Total assets of the entity 65,441 160,611 28,582 254,634 11,513 Note a. Comprises of Barclays Bank Group owned, not consolidated structured entities per IFRS 10 Consolidated Financial Statements, and Barclays Bank Group sponsored entities. Refer to Note 32 Principal subsidiaries for more details on consolidation. Maximum exposure to loss Unless specified otherwise below, the Barclays Bank Group’s maximum exposure to loss is the total of its on-balance sheet positions and its off-balance sheet arrangements, being loan commitments and financial guarantees. Exposure to loss is mitigated through collateral, financial guarantees, the availability of netting and credit protection held. Multi-seller conduit programme The Barclays Bank Group's multi-seller conduit programme engages in providing financing to various clients and holds whole or partial interests in pools of receivables or similar obligations. These instruments are protected from loss through over-collateralisation, seller guarantees, or other credit enhancements provided to the conduit entity. The Barclays Bank Group’s off-balance sheet exposure included in the table above represents liquidity facilities that are provided to the conduit for the benefit of the holders of the commercial paper issued by the conduit and will only be drawn where the conduit is unable to access the commercial paper market. If these liquidity facilities are drawn, the Barclays Bank Group is protected from loss through over-collateralisation, seller guarantees, or other credit enhancements provided to the conduit. Lending The portfolio includes lending provided by the Barclays Bank Group to unconsolidated structured entities in the normal course of its lending business to earn income in the form of interest and lending fees and includes loans to structured entities that are generally collateralised by property, equipment or other assets. All loans are subject to the Barclays Bank Group’s credit sanctioning process. Collateral arrangements are specific to the circumstances of each loan with additional guarantees and collateral sought from the sponsor of the structured entity for certain arrangements. During the year the Barclays Bank Group recorded impairment of £28m (2021: £25m) against such facilities. Other This includes fair value loans with structured entities where the market risk is materially hedged with corresponding derivative contracts, interests in debt securities issued by securitisation vehicles and drawn and undrawn loan facilities to these entities. In addition, other includes investment funds with interests restricted to management fees based on the performance of the fund and trusts held on behalf of beneficiaries with interests restricted to unpaid fees. Assets transferred to sponsored unconsolidated structured entities The Barclays Bank Group is considered to sponsor another entity if, it had a key role in establishing that entity, it transferred assets to the entity, the Barclays name appears in the name of the entity or it provides guarantees on the entity’s performance. As at 31 December 2022, assets transferred to sponsored unconsolidated structured entities were £1,665m (2021: £1,662m). |
Investments in associates and j
Investments in associates and joint ventures | 12 Months Ended |
Dec. 31, 2022 | |
Investments in subsidiaries, joint ventures and associates reported in separate financial statements [abstract] | |
Investments in associates and joint ventures | Investments in associates and joint ventures Accounting for associates and joint ventures The Barclays Bank Group applies IAS 28 Investments in Associates and IFRS 11 Joint Arrangements . Associates are entities in which the Barclays Bank Group has significant influence, but not control, over the operating and financial policies. Generally the Barclays Bank Group holds more than 20% but less than 50% of their voting shares. Joint ventures are arrangements where the Barclays Bank Group has joint control and rights to the net assets of the entity. The Barclays Bank Group’s investments in associates and joint ventures are initially recorded at cost and increased (or decreased) each year by the Barclays Bank Group’s share of the post acquisition profit/(loss). The Barclays Bank Group ceases to recognise its share of the losses of equity accounted associates when its share of the net assets and amounts due from the entity have been written off in full, unless it has a contractual or constructive obligation to make good its share of the losses. In some cases, investments in these entities may be held at fair value through profit or loss, for example, those held by private equity businesses. There are no individually significant investments in joint ventures or associates held by Barclays Bank Group. 2022 2021 Associates Joint ventures Total Associates Joint ventures Total £m £m £m £m £m £m Equity accounted (Group) 26 — 26 24 — 24 Summarised financial information for the Barclays Bank Group’s equity accounted associates and joint ventures is set out below. The amounts shown are the Barclays Bank Group’s share of the comprehensive income of the investees for the year ended 31 December 2022, with the exception of certain undertakings for which the amounts are based on accounts made up to dates not earlier than three months before the balance sheet date. Associates Joint ventures 2022 2021 2022 2021 £m £m £m £m Profit from continuing operations 3 — — — Other comprehensive income — 1 — — Total comprehensive income from continuing operations 3 1 — — |
Securitisations
Securitisations | 12 Months Ended |
Dec. 31, 2022 | |
Disclosure of transferred financial assets that are not derecognised in their entirety [abstract] | |
Securitisations | Securitisations Accounting for securitisations The Barclays Bank Group uses securitisations as a source of finance and a means of risk transfer. Such transactions generally result in the transfer of contractual cash flows from portfolios of financial assets to holders of issued debt securities. Securitisations may, depending on the individual arrangement, result in continued recognition of the securitised assets and the recognition of the debt securities issued in the transaction; lead to partial continued recognition of the assets to the extent of the Barclays Bank Group’s continuing involvement in those assets or lead to derecognition of the assets and the separate recognition, as assets or liabilities, of any rights and obligations created or retained in the transfer. Full derecognition only occurs when the Barclays Bank Group transfers both its contractual right to receive cash flows from the financial assets, or retains the contractual rights to receive the cash flows, but assumes a contractual obligation to pay the cash flows to another party without material delay or reinvestment, and also transfers substantially all the risks and rewards of ownership, including credit risk, prepayment risk and interest rate risk. In the course of its normal banking activities, the Barclays Bank Group makes transfers of financial assets, either where legal rights to the cash flows from the asset are passed to the counterparty or beneficially, where the Barclays Bank Group retains the rights to the cash flows but assumes a responsibility to transfer them to the counterparty. Depending on the nature of the transaction, this may result in derecognition of the assets in their entirety, partial derecognition or no derecognition of the assets subject to the transfer. A summary of the main transactions, and the assets and liabilities and the financial risks arising from these transactions, is set out below: Transfers of financial assets that do not result in derecognition Securitisations The Barclays Bank Group is party to securitisation transactions involving its credit card and mortgage loan balances. In these transactions, the assets, interests in the assets, or beneficial interests in the cash flows arising from the assets, are transferred to a special purpose entity, which then issues interest bearing debt securities to third party investors. Securitisations may, depending on the individual arrangement, result in continued recognition of the securitised assets and the recognition of the debt securities issued in the transaction. Partial continued recognition of the assets to the extent of the Barclays Bank Group’s continuing involvement in those assets can also occur or derecognition of the assets and the separate recognition, as assets or liabilities, of any rights and obligations created or retained in the transfer. The following table shows the carrying amount of securitised assets that have not resulted in full derecognition, together with the associated liabilities, for each category of asset on the balance sheet: 2022 2021 Assets Liabilities Assets Liabilities Carrying amount Fair value Carrying amount Fair value Carrying amount Fair value Carrying amount Fair value £m £m £m £m £m £m £m £m Barclays Bank Group Loans and advances at amortised cost Credit cards, unsecured loans and other retail lending 4,846 5,283 (1,433) (1,356) 1,262 1,382 (1,225) (1,219) Financial assets at FVTPL Mortgage Loans 330 330 — — 41 41 — — Total 5,176 5,613 (1,433) (1,356) 1,303 1,423 (1,225) (1,219) Balances included within loans and advances at amortised cost represent securitisations where substantially all the risks and rewards of the assets have been retained by Barclays Bank Group and balances included within Financial assets at FVTPL represent securitisations where the risks and rewards are neither substantially transferred nor retained. The relationship between the transferred assets and the associated liabilities is that holders of notes may only look to cash flows from the securitised assets for payments of principal and interest due to them under the terms of their notes, although the contractual terms of their notes may be different to the maturity and interest of the transferred assets. If the Barclays Bank Group transfers a financial asset but does not transfer or retain substantially all the risk and rewards of the asset and retains control over it, the transferred assets are recognised to the extent of Barclays Bank Group's’ continuing involvement. In 2022, financial assets of £828m (2021: £249m) were transferred in this manner and the carrying value of the assets representing continued involvement is included in the table above. For transfers of assets in relation to repurchase agreements, see Note 36. Continuing involvement in financial assets that have been derecognised In some cases, the Barclays Bank Group may have transferred a financial asset in its entirety but may have continuing involvement in it. This arises in asset securitisations where loans and asset backed securities were derecognised as a result of the Barclays Bank Group’s involvement with asset backed securities, residential mortgage backed securities and commercial mortgage securities. Continuing involvement largely arises from providing financing into these structures in the form of retained notes, which do not bear first losses. The table below shows the potential financial implications of such continuing involvement: Continuing involvement a Gain from continuing involvement Carrying amount Fair value Maximum exposure to loss For the year ended Cumulative to 31 December Type of transfer £m £m £m £m £m 2022 Asset backed securities 8 8 8 1 3 Residential mortgage backed securities 432 426 432 18 22 Commercial mortgage backed securities 412 357 412 5 16 Total 852 791 852 24 41 2021 Asset backed securities 25 25 25 1 2 Residential mortgage backed securities 78 78 78 3 4 Commercial mortgage backed securities 311 307 311 5 11 Total 414 410 414 9 17 Note a Assets which represent the Barclays Bank Group’s continuing involvement in derecognised assets are recorded in Loans and advances at amortised cost and Debt Securities at FVTP&L. |
Assets pledged, collateral rece
Assets pledged, collateral received and assets transferred | 12 Months Ended |
Dec. 31, 2022 | |
Assets pledged, collateral received and assets transferred | |
Assets pledged, collateral received and assets transferred | Assets pledged, collateral received and assets transferred Assets are pledged or transferred as collateral to secure liabilities under repurchase agreements, securitisations and stock lending agreements or as security deposits relating to derivatives. Assets transferred are non-cash assets transferred to a third party that do not qualify for derecognition from the Barclays Bank Group’s balance sheet, for example because the Barclays Bank Group retains substantially all the exposure to those assets under an agreement to repurchase them in the future for a fixed price. Where non-cash assets are pledged or transferred as collateral for cash received, the asset continues to be recognised in full, and a related liability is also recognised on the balance sheet. Where non-cash assets are pledged or transferred as collateral in an exchange for non-cash assets, the transferred asset continues to be recognised in full, and there is no associated liability as the non-cash collateral received is not recognised on the balance sheet. The Barclays Bank Group is unable to use, sell or pledge the transferred assets for the duration of the transaction and remains exposed to interest rate risk and credit risk on these pledged assets. Unless stated, the counterparty's recourse is not limited to the transferred assets. The following table summarises the nature and carrying amount of the assets pledged as security against these liabilities: Barclays Bank Group 2022 2021 £m £m Cash collateral and settlement balances 75,790 63,080 Loans and advances at amortised cost 36,752 29,962 Trading portfolio assets 63,914 71,201 Financial assets at fair value through the income statement 7,747 5,595 Financial assets at fair value through other comprehensive income 16,164 14,699 Assets pledged 200,367 184,537 The following table summarises the transferred financial assets and the associated liabilities. The transferred assets represents the gross carrying value of the assets pledged and the associated liabilities represents the IFRS balance sheet value of the related liability recorded on the balance sheet. Barclays Bank Group Transferred assets Associated liabilities £m £m At 31 December 2022 Derivatives 77,941 (77,941) Repurchase agreements 54,509 (31,220) Securities lending arrangements 62,741 — Other 5,176 (4,788) 200,367 (113,949) At 31 December 2021 Derivatives 64,826 (64,826) Repurchase agreements 48,504 (28,494) Securities lending arrangements 66,703 — Other 4,504 (4,174) 184,537 (97,494) For repurchase agreements the difference between transferred assets and associated liabilities is predominantly due to IFRS netting. Included within Other are agreements where a counterparty's recourse is limited to the transferred assets. The relationship between the gross transferred assets and the associated liabilities is that holders of notes may only look to cash flows from the securitised assets for payments of principal and interest due to them under the terms of their notes. Carrying value Fair value Transferred assets Associated liabilities Transferred assets Associated liabilities Net position £m £m £m £m £m Barclays Bank Group 2022 Recourse to transferred assets only 5,176 (1,433) 5,613 (1,356) 4,257 2021 Recourse to transferred assets only 1,303 (1,225) 1,423 (1,219) 204 The Barclays Bank Group has an additional £2.7bn (2021: £3.5bn) of loans and advances within its asset backed funding programmes that can readily be used to raise additional secured funding and are available to support future issuances. Collateral held as security for assets Under certain transactions, including reverse repurchase agreements and stock borrowing transactions, the Barclays Bank Group is allowed to resell or re-pledge the collateral held. The fair value at the balance sheet date of collateral accepted and re-pledged to others was as follows: Barclays Bank Group 2022 2021 £m £m Fair value of securities accepted as collateral 989,211 934,363 Of which fair value of securities re-pledged/transferred to others 892,760 819,169 57 |
Related party transactions and
Related party transactions and Directors' remuneration | 12 Months Ended |
Dec. 31, 2022 | |
Disclosure of transactions between related parties [abstract] | |
Related party transactions and Directors remuneration | Related party transactions and Directors’ remuneration Related party transactions Parties are considered to be related if one party has the ability to control the other party or exercise significant influence over the other party in making financial or operational decisions, or one other party controls both. Parent company The parent company, which is also the ultimate parent company, is Barclays PLC, which holds 100% of the issued ordinary shares of Barclays Bank PLC. The largest group in which the results of the Company are consolidated is headed by Barclays PLC, 1 Churchill Place London E14 5HP. The consolidated financial statements of the group are available to the public and may be obtained from Barclays Corporate Secretariat, 1 Churchill Place London E14 5HP. Subsidiaries Transactions between Barclays Bank PLC and its subsidiaries also meet the definition of related party transactions. Where these are eliminated on consolidation, they are not disclosed in the Barclays Bank Group’s financial statements. A list of the Barclays Bank Group’s principal subsidiaries is shown in Note 32. Fellow subsidiaries Transactions between the Barclays Bank Group and other subsidiaries of the parent company also meet the definition of related party transactions. Associates and other entities The Barclays Bank Group provides banking services to its associates and the Barclays Bank Group pension funds (principally the UK Retirement Fund), providing loans, overdrafts, interest and non-interest bearing deposits and current accounts to these entities as well as other services. Barclays Bank Group companies also provide investment management and custodian services to the Barclays Bank Group pension schemes. All of these transactions are conducted on the same terms as third party transactions. Summarised financial information for the Barclays Bank Group’s investments in associates and joint ventures is set out in Note 34. Amounts included in the Barclays Bank Group’s financial statements, in aggregate, by category of related party entity are as follows: Parent Fellow subsidiaries Associates Pension funds £m £m £m £m For the year ended and as at 31 December 2022 Total income (751) 199 (2) 3 Operating expenses (69) (3,459) — (1) Total assets 1,575 9,056 — 3 Total liabilities 40,827 6,668 407 166 For the year ended and as at 31 December 2021 Total income (611) 20 — 3 Operating expenses (64) (3,195) — (1) Total assets 6,491 909 — 3 Total liabilities 32,141 3,962 177 81 Total liabilities include derivatives transacted on behalf of the pensions funds of £110m (2021: £18m). Key Management Personnel Key Management Personnel are defined as those persons having authority and responsibility for planning, directing and controlling the activities of Barclays Bank PLC (directly or indirectly) and comprise the Directors and Officers of Barclays Bank PLC, certain direct reports of the Chief Executive Officer and the heads of major business units and functions. The Barclays Bank Group provides banking services to Key Management Personnel and persons connected to them. Transactions during the year and the balances outstanding were as follows: Loans outstanding 2022 2021 £m £m As at 1 January — — Loans issued during the year a 0.1 — Loan repayments during the year b 0.1 — As at 31 December — — Notes a Includes loans issued to existing Key Management Personnel and new or existing loans issued to newly appointed Key Management Personnel. b Includes loan repayments by existing Key Management Personnel and loans to former Key Management Personnel. No allowances for impairment were recognised in respect of loans to Key Management Personnel (or any connected person). Deposits outstanding 2022 2021 £m £m As at 1 January 2.1 3.4 Deposits received during the year a 9.4 9.0 Deposits repaid during the year b (9.5) (10.3) As at 31 December 2.0 2.1 Notes a Includes deposits received from existing Key Management Personnel and new or existing deposits received from newly appointed Key Management Personnel. b Includes deposits repaid by existing Key Management Personnel and deposits of former Key Management Personnel. Total commitments outstanding Total commitments outstanding refer to the total of any undrawn amounts on credit card and/or overdraft facilities provided to Key Management Personnel. Total commitments outstanding as at 31 December 2022 were £0.1m (2021: £0.1m). All loans to Key Management Personnel (and persons connected to them) were made in the ordinary course of business; were made on substantially the same terms, including interest rates and collateral, as those prevailing at the same time for comparable transactions with other persons; and did not involve more than a normal risk of collectability or present other unfavourable features. Remuneration of Key Management Personnel Total remuneration awarded to Key Management Personnel below represents salaries, short term benefits and pensions contributions received during the year and awards made as part of the latest remuneration decisions in relation to the year. Costs recognised in the income statement reflect the accounting charge for the year included within operating expenses. The difference between the values awarded and the recognised income statement charge principally relates to the recognition of costs for deferred awards. Figures are provided for the period that individuals met the definition of Key Management Personnel. 2022 2021 £m £m Salaries and other short-term benefits 44.2 35.2 Pension costs 0.2 0.2 Other long-term benefits 12.1 8.5 Share-based payments 16.5 13.2 Employer social security charges on emoluments 7.5 6.0 Costs recognised for accounting purposes 80.5 63.1 Employer social security charges on emoluments (7.5) (6.0) Other long-term benefits – difference between awards granted and costs recognised 0.1 3.3 Share-based payments – difference between awards granted and costs recognised 4.2 6.1 Total remuneration awarded 77.3 66.5 Disclosure required by the Companies Act 2006 The following information regarding the Barclays Bank PLC Board of Directors is presented in accordance with the Companies Act 2006: 2022 2021 £m £m Aggregate emoluments a 7.1 6.3 Amounts paid under LTIPs b 0.4 1.2 7.5 7.5 Notes a The aggregate emoluments include amounts paid for the 2022 year. In addition, deferred share awards for 2022 with a total value at grant of £2.3m (2021: £1.4m) will be made to Directors which will only vest subject to meeting certain conditions. b The figure above for "Amounts paid under LTIPs" for 2022 relates to LTIP awards that were released to Directors in 2022. Dividend shares released on the awards are excluded (where applicable). There were no pension contributions paid to defined contribution schemes on behalf of Directors (2021: £nil). There were no notional pension contributions to defined contribution schemes. As at 31 December 2022, there were no Directors accruing benefits under a defined benefit scheme (2021: nil). The aggregate amount of compensation payable to departing officers in respect of loss of office was £2,253,304 (2021: £426,139). Of the figures in the table above, the amounts attributable to the highest paid Director in respect of qualifying services are as follows: 2022 2021 £m £m Aggregate emoluments a 3.6 2.1 Amounts paid under LTIPs — 0.7 3.6 2.8 Note a The aggregate emoluments include amounts paid for the 2022 year. In addition, a deferred share award for 2022 with a value at grant of £1.5m (2021: £nil) will be made to the highest paid Director which will only vest subject to meeting certain conditions. There were no actual pension contributions paid to defined contribution schemes on behalf of the highest paid Director (2021: £nil). There were no notional pension contributions to defined contribution schemes (2021: £nil). Advances and credit to Directors and guarantees on behalf of Directors In accordance with Section 413 of the Companies Act 2006, the total amount of advances and credits made available in 2022 to persons who served as Directors during the year was £nil (2021: £nil). The total value of guarantees entered into on behalf of Directors during 2022 was £nil (2021: £nil). |
Disposal of business
Disposal of business | 12 Months Ended |
Dec. 31, 2022 | |
Non-current assets or disposal groups classified as held for sale or as held for distribution to owners [abstract] | |
Disposal of business | Disposals of businessesDuring the year, Barclays Bank PLC sold its direct ownership of subsidiaries Capton Investments Limited and Hawkins to Roder Investment No 1 Limited and Roder investment No 2 Limited recording gains of £43m and £75m respectively. |
Auditor's remuneration
Auditor's remuneration | 12 Months Ended |
Dec. 31, 2022 | |
Auditor's remuneration [abstract] | |
Auditor's remuneration | Auditor’s remuneration Auditor’s remuneration is included within consultancy, legal and professional fees in administration and general expenses and comprises: 2022 2021 2020 £m £m £m Audit of the Barclays Bank Group's annual accounts 20 19 17 Other services: Audit of the Barclays Bank PLC subsidiaries a 18 14 13 Other audit related fees b 8 7 7 Other services 1 1 1 Total Auditor's remuneration 47 41 38 Notes a Comprises the fees for the statutory audit of the subsidiaries both inside and outside UK and fees for the work performed by associates of KPMG in respect of the consolidated financial statements of the Company. b Comprises services in relation to statutory and regulatory filings. These include audit services for the review of the interim financial information under the Listing Rules of the UK listing authority. |
Interest rate benchmark reform
Interest rate benchmark reform | 12 Months Ended |
Dec. 31, 2022 | |
Disclosure of financial instruments by type of interest rate [abstract] | |
Interest rate benchmark reform | Interest rate benchmark reform Following the financial crisis, the reform and replacement of benchmark interest rates such as LIBOR has been a priority for global regulators. As a result, the UK’s Financial Conduct Authority (FCA) and other global regulators instructed market participants to prepare for the cessation of most LIBOR rates after the end of 2021, and to adopt “Risk-Free Rates” (RFRs). Pursuant to FCA announcements during 2021, panel bank submissions for all GBP, JPY, EUR and CHF LIBOR tenors ceased after 31 December 2021. For USD, certain actively used tenors will continue to be provided until end June 2023 in their current form, however in line with the US banking regulators’ joint statement, Barclays ceased issuing or entering into new contracts that use USD LIBOR as a reference rate from 31 December 2021, other than in relation to those allowable use cases set out under the FCA's prohibition notice (ref 21A). These include, amongst others, market making in support of client activity; or transactions that reduce or hedge Barclays' or any client of Barclays' USD LIBOR exposure on contracts entered into before 1 January 2022. The Barclays Bank Group’s exposure to rates subject to benchmark interest rate reform has been predominantly to GBP, USD, JPY and CHF LIBOR and Euro Overnight Index Average (EONIA) in addition to the GBP LIBOR ICE Swap Rate, JPY LIBOR Tokyo Swap Rate and USD LIBOR ICE Swap Rate, with the vast majority concentrated in derivatives within the Global Markets business. Some additional exposure exists on floating rate loans and advances, repurchase and securities lending agreements and debt securities held and issued within the Corporate and Investment Bank. Following transition activity in late 2021 and early 2022, almost all GBP LIBOR, GBP LIBOR ICE Swap Rate, JPY LIBOR and JPY LIBOR Tokyo Swap Rate and CHF LIBOR and EONIA positions (“2021 scope”) have transitioned onto RFRs and while there are a number of benchmarks yet to cease, the Barclays Bank Group's risk exposure is now mainly to USD LIBOR and the USD LIBOR ICE Swap Rate. There are key differences between IBORs and RFRs. IBORs are ‘term rates’, which means that they are published for a borrowing period (for example three months) and they are ‘forward-looking’, because they are published at the beginning of a borrowing period, based upon an estimated inter-bank borrowing cost for the period. RFRs are based upon overnight rates from actual transactions and are therefore published after the end of the overnight borrowing period. Furthermore, IBORs include term and credit risk premiums. Therefore, to transition existing contracts and agreements to RFRs, adjustments for term and credit differences may need to be applied to RFR-linked rates. The methodologies for these adjustments have been determined through in-depth consultations by industry working groups, on behalf of the respective global regulators and related market participants. How the Barclays Group is managing the transition to alternative benchmark rates Barclays has established a Group-wide LIBOR Transition Programme. The Transition Programme spans all business lines and has cross-functional governance which includes Legal, Compliance, Conduct Risk, Risk and Finance. The Transition Programme aims to drive strategic execution and identify, manage and resolve key risks and issues as they arise. Barclays continues to provide quarterly updates on progress and exposures to the PRA/FCA and other regulators as required. The Transition Programme follows a risk-based approach, using recognised ‘change delivery’ control standards. Accountable Executives are in place within key working groups and workstreams, with overall Board oversight delegated to the Board Risk Committee. Approaches to USD LIBOR and USD LIBOR ICE Swap Rate exposure transition vary by product and nature of counterparty. The Group has engaged with counterparties to transition or include robust fallback provisions where not already agreed in contracts with maturities after June 2023, when USD LIBOR and the USD LIBOR ICE Swap Rate will either cease to be published or cease to be published, in their current form. Any fallback provision will provide the relevant replacement rate, in the case of the ISDA 2020 IBOR Fallbacks Protocol this is the RFR plus a credit adjustment spread. For bilateral derivative exposure, adherence to the relevant ISDA Fallback Protocols have provided Barclays with an efficient mechanism to amend outstanding trades to incorporate fallbacks. Beyond the ISDA 2020 IBOR Fallbacks Protocol and the ISDA 2021 Fallbacks Protocol, another option has been to bilaterally amend terms with counterparties. Derivative contracts facing central clearing counterparties (CCP) will follow a market-wide, standardised approach to reform through a series of CCP-led conversions, similar to those used for GBP, JPY and CHF LIBOR and EONIA. GBP and JPY LIBOR ceased to be published in their original form from the end of 2021 and synthetic versions of GBP and JPY LIBOR have been made available for a limited period of time. This is to help mitigate the risk of widespread disruption to legacy LIBOR contracts which had not transitioned by end 2021, when the GBP and JPY panel bank submissions ended. The FCA has reiterated that any synthetic LIBOR tenors are only a bridge to give time to transition to appropriate alternative RFRs and not a permanent solution. Barclays continues to monitor, assess and limit the reliance on synthetic LIBOR. On 29 September 2022 the FCA announced that the 1- and 6- month synthetic GBP LIBOR tenors would cease immediately after 31 March 2023 and confirmed that the synthetic JPY LIBOR tenors would cease permanently at the end of 2022. On 23 November 2022 the FCA announced that the 3-month synthetic GBP LIBOR tenor will cease at the end of March 2024 and that the overnight and 12-month USD LIBOR tenors will cease at the end of June 2023. The FCA also proposed that the 1-, 3- and 6-month USD LIBOR tenors should be published under a synthetic methodology for a temporary period until the end of September 2024. A final decision from the FCA is expected by early in the second quarter of 2023. US Federal legislation (the Adjustable Interest Rate (LIBOR) Act) has been enacted which provides a solution for contracts governed under US law which reference USD LIBOR but do not have adequate fallbacks. The effect of this legislation on in scope agreements will be to deem all references to USD LIBOR to the replacement Secured Overnight Financing Rate (SOFR) with the additional benefit of statutory contract continuity and safe harbour protection. This contrasts with the legislation implemented in the UK which provides for statutory contract continuity with safe harbour protection only for the administrator and could expose market participants to additional litigation risk. Progress made during 2022 During 2022, the Barclays Bank Group delivered technology and business process changes required to ensure operational readiness in preparation for transitions to RFRs for those benchmark rates ceasing at the end of June 2023; these included new RFR product capabilities and alternatives to LIBOR across loans, bonds, repurchase and securities lending transactions and derivatives. Barclays continued to monitor and address its unremediated exposure to 2021 scope; noting that this exposure, excluding secondary traded loans and bonds, was reduced to £2.0bn gross notional as at 31 December 2022, which accounts for less than 0.2% of baseline exposure for 2021 scope. Of this, £1.2bn relates to undrawn lending facilities with £1.1bn of this made up of syndicated loans where transition is led by a third-party agent. The remaining £0.8bn is predominantly made up of bilateral derivatives without appropriate fallbacks. Work is ongoing with clients and agents, as appropriate, to address the outstanding unremediated exposures. Barclays is now focused on transition of legacy positions related to USD LIBOR and the USD LIBOR ICE Swap Rate (and other in-scope IBORs) and remains on track to meet the associated industry deadlines. In the first half of 2022, Barclays successfully transitioned all uncommitted USD LIBOR lending exposures. Risks to which the Barclays Bank Group is exposed as a result of the transition Global regulators and central banks in the UK, US, EU and APAC have been driving international efforts to reform key benchmark interest rates and indices, such as LIBOR, which are used to determine the amounts payable under a wide range of transactions and make them more reliable and robust. These benchmark reforms have resulted in significant changes to the methodology and operation of certain benchmarks and indices, the adoption of RFRs, the discontinuation of certain reference rates (including LIBOR), and the introduction of implementing legislation and regulations. Notwithstanding these developments, given the unpredictable consequences of benchmark reform, any of these developments could have an adverse impact on market participants, including the Barclays Bank Group, in respect of any financial instruments linked to, or referencing, any of these benchmark interest rates. Uncertainty associated with such potential changes include : • the availability and/or suitability of alternative RFRs • the participation of customers and third-party market participants in the transition process • challenges with respect to required documentation changes • impact of legislation to deal with ‘certain legacy’ contracts that cannot convert into RFRs or add RFR fallbacks language before cessation of the benchmark they reference This uncertainty may adversely affect a broad range of transactions (securities, loans, derivatives, repurchase and securities lending transactions which use LIBOR or any other affected benchmark to determine the amount of interest payable (that are included in the Barclays Group’s financial assets and liabilities)) that use these reference rates and indices, and present a number of risks for the Barclays Group, including, but not limited to: • Conduct risk: in undertaking actions to transition away from using certain reference rates (such as LIBOR) to new alternative RFRs, the Barclays Bank Group faces conduct risks. These may lead to customer complaints, regulatory sanctions or reputational impact if the Barclays Bank Group is considered to be (among other things) (i) undertaking market activities that are manipulative or create a false or misleading impression, (ii) misusing sensitive information or not identifying or appropriately managing or mitigating conflicts of interest, (iii) providing customers with inadequate advice, misleading information, unsuitable products or unacceptable service, (iv) not taking a consistent approach to remediation for customers in similar circumstances, (v) unduly delaying the communication and migration activities in relation to client exposure, leaving them insufficient time to prepare, or (vi) colluding or inappropriately sharing information with competitors. • Litigation risk : members of the Barclays Bank Group may face legal proceedings, regulatory investigations and/or other actions or proceedings regarding (among other things) (i) the conduct risks identified above, (ii) the interpretation and enforceability of provisions in LIBOR-based contracts, and (iii) the Barclays Bank Group’s preparation and readiness for the replacement of LIBOR with alternative RFRs. • Financial risk: the valuation of certain of the Barclays Bank Group’s financial assets and liabilities may change. Moreover, transitioning to alternative RFRs may impact the ability of members of the Barclays Bank Group to calculate and model amounts receivable by them on certain financial assets and determine the amounts payable on certain financial liabilities (such as debt securities issued by them) because certain alternative RFRs (such as the SONIA and SOFR) are look-back rates whereas term rates (such as LIBOR) allow borrowers to calculate at the start of any interest period exactly how much is payable at the end of such interest period. This may have a material adverse effect on the Barclays Bank Group’s cash flows. • Pricing risk: changes to existing reference rates and indices, discontinuation of any reference rate or indices and transition to alternative RFRs may impact the pricing mechanisms used by the Barclays Bank Group on certain transactions. • Operational risk: changes to existing reference rates and indices, discontinuation of any reference rate or index and transition to alternative RFRs may require changes to the Barclays Bank Group’s IT systems, trade reporting infrastructure, operational processes, and controls. In addition, if any reference rate or index (such as LIBOR) is no longer available to calculate amounts payable, the Barclays Bank Group may incur additional expenses in amending documentation for new and existing transactions and/or effecting the transition from the original reference rate or index to a new reference rate or index. • Accounting risk: an inability to apply hedge accounting in accordance with IAS 39 could lead to increased volatility in the Barclays Bank Group’s financial results and performance. Any of these factors may have a material adverse effect on the Barclays Bank Group’s business, results of operations, financial condition, prospects and reputation. While a number of the above risks in relation to transition of legacy 2021 scope onto RFRs have been substantially mitigated, they remain relevant in relation to USD and related LIBOR transitions. The Barclays Bank Group does not expect material changes to its risk management approach and strategy as a result of interest rate benchmark reform. The following tables summarise USD LIBOR and USD LIBOR ICE Swap Rate non-derivatives exposures due to mature post 30 June 2023, when USD LIBOR and the USD LIBOR ICE Swap Rate will either cease to be published or cease to be published, in its current form: USD LIBOR 2022 2021 £m £m Non-derivative financial assets Loans and advances at amortised cost 8,659 15,801 Reverse repurchase agreements and other similar secured lending — 186 Financial assets at fair value through the income statement 4,282 8,538 Financial assets at fair value through other comprehensive income — — Non-derivative financial assets 12,941 24,525 Non-derivative financial liabilities Debt securities in issue (2,493) — Subordinated liabilities (344) (3,774) Financial liabilities designated at fair value (1,740) (212) Non-derivative financial liabilities (4,577) (3,986) Equity Other equity instruments (295) (3,062) Standby facilities, credit lines and other commitments a 68,118 42,767 Note a. For year ended 2021, multi currency loan facilities are reported in the currency which needs to be remediated first, which were mainly non-USD. As non-USD rates transitioned, this has resulted in a corresponding increase in USD LIBOR exposure for year ended 2022 as USD LIBOR exposure is yet to transition. Balances reported at amortised cost are disclosed at their gross carrying value and do not include any provisions for expected credit losses that may be held against them. The following tables summarise USD LIBOR and USD LIBOR ICE Swap Rate derivative exposures due to mature post 30 June 2023: USD LIBOR 2022 2021 £m £m Derivative notional contract amount OTC interest rate derivatives 2,594,268 2,283,077 OTC interest rate derivatives - cleared by central counterparty 2,119,420 2,211,729 Exchange traded interest rate derivatives 337,535 466,339 OTC foreign exchange derivatives 84 461,680 OTC equity and stock index derivatives 1,261 9,949 Derivative notional contract amount 5,052,568 5,432,774 Derivatives are reported by using the notional contract amount. As at 31 December 2022 the Barclays Bank Group also had £9bn (2021: £9bn) of Barclays issued debt retained by the Barclays Bank Group, impacted by the interest rate benchmark reform, in USD LIBOR. Fallback clauses The USD LIBOR and USD LIBOR ICE Swap Rate derivative exposures as at 31 December 2022 have been broken up into those with robust fallbacks and those without. Fallbacks here are defined as any mechanism involving a ‘switch’ or ‘hardwire’ or a contractual agreement to automatically transition to an agreed rate. The most commonly used market solutions to incorporate fallback provisions into certain legacy non-cleared derivative agreements are the ISDA Fallbacks Protocols, namely the ISDA 2020 IBOR Fallbacks Protocol and the ISDA 2021 Fallbacks Protocol published in October 2020. Market participants who have adhered to the relevant ISDA Fallbacks Protocol agree, between adhering parties, that their legacy non-cleared contracts will be amended to include the relevant fallback provisions. The following table presents a breakdown of USD LIBOR and USD LIBOR ICE Swap Rate non-derivative exposures with robust fallbacks in place and those without as at 31 December 2022: USD LIBOR With robust fallback clause Without robust fallback clause As at 31 December 2022 £m £m Non-derivative financial assets Loans and advances at amortised cost 7,770 889 Financial assets at fair value through the income statement 4,282 — Non-derivative financial assets 12,052 889 Non-derivative financial liabilities Debt securities in issue (2,493) — Subordinated liabilities — (344) Financial liabilities designated at fair value (1,740) — Non-derivative financial liabilities (4,233) (344) Equity Other equity instruments — (295) Standby facilities, credit lines and other commitments 64,632 3,486 The following table presents a breakdown of USD LIBOR and USD LIBOR ICE Swap Rate derivative exposures with robust fallbacks in place and those without as at 31 December 2022: USD LIBOR With appropriate fallback clause Without appropriate fallback clause As at 31 December 2022 £m £m Derivative notional contract amount OTC interest rate derivatives 2,538,218 56,050 OTC interest rate derivatives - cleared by central counterparty 2,119,420 — Exchange traded interest rate derivatives 337,535 — OTC foreign exchange derivatives 84 — OTC equity and stock index derivatives 770 491 Derivative notional contract amount 4,996,027 56,541 The majority of USD LIBOR and USD LIBOR ICE Swap Rate exposures are already covered by fallbacks as a result of the 2020 ISDA IBOR Fallbacks Protocol and the June 2022 Benchmark Module of the ISDA 2021 Fallbacks Protocol which relevant Barclays entities have adhered to. |
Significant accounting polici_2
Significant accounting policies (Policies) | 12 Months Ended |
Dec. 31, 2022 | |
Disclosure of objectives, policies and processes for managing capital [abstract] | |
Compliance with International Financial Reporting Standards | The principal accounting policies applied in the preparation of the consolidated and separate financial statements are set out below, and in the relevant notes to the financial statements. These policies have been consistently applied. |
Basis of preparation | The consolidated and separate financial statements have been prepared under the historical cost convention modified to include the fair valuation of investment property, and particular financial instruments, to the extent required or permitted under IFRS as set out in the relevant accounting policies. The financial statements are stated in millions of Pounds Sterling (£m), the functional currency of Barclays Bank PLC. The financial statements have been prepared on a going concern basis, in accordance with the Companies Act 2006 as applicable to companies using IFRS. The financial statements are prepared on a going concern basis as the Board is satisfied that the Barclays Bank Group and parent company have the resources to continue in business for a period of at least 12 months from approval of the financial statements. In making this assessment, the Board has considered a wide range of information relating to present and future conditions and has reviewed of a working capital report (WCR). The WCR is used by the Board to assess the future performance of the Barclays Bank Group and whether it has the resources in place that are required to meet its ongoing regulatory requirements. The WCR assessment is based upon business plans which contain future forecasts of profitability taken from the Barclays Bank Group’s medium term plan as well as projections of regulatory capital requirements and business funding needs. The WCR also includes an assessment of the impact of internally generated stress testing scenarios on the liquidity and capital requirement forecasts. The stress tests used were based upon an assessment of reasonably possible downside economic scenarios that the Barclays Bank Group could experience. The WCR showed that the Barclays Bank Group had sufficient capital and liquidity in place to support its future business requirements and remained above its regulatory minimum requirements in the stress scenarios. Accordingly, the Board concluded that there was a reasonable expectation that the Barclays Bank Group has adequate resources to continue as a going concern for a period of at least 12 months from the date of approval of the financial statements. |
Consolidation | Consolidation The Barclays Bank Group applies IFRS 10 Consolidated financial statements . The consolidated financial statements combine the financial statements of Barclays Bank PLC and all its subsidiaries. Subsidiaries are entities over which Barclays Bank PLC has control. The Barclays Bank Group has control over another entity when the Barclays Bank Group has all of the following: 1) power over the relevant activities of the investee, for example through voting or other rights 2) exposure to, or rights to, variable returns from its involvement with the investee and 3) the ability to affect those returns through its power over the investee. The assessment of control is based on the consideration of all facts and circumstances. The Barclays Bank Group reassesses whether it controls an investee if facts and circumstances indicate that there are changes to one or more of the three elements of control. Intra-group transactions and balances are eliminated on consolidation. Consistent accounting policies are used throughout the Barclays Bank Group for the purposes of the consolidation. Changes in ownership interests in subsidiaries are accounted for as equity transactions if they occur after control has already been obtained and they do not result in loss of control. As the consolidated financial statements include partnerships where the Barclays Bank Group member is a partner, advantage has been taken of the exemption under Regulation 7 of the Partnership (Accounts) Regulations 2008 with regard to preparing and filing of individual partnership financial statements. Details of the principal subsidiaries are given in Note 32. |
Foreign currency translation | Foreign currency translation The Barclays Bank Group applies IAS 21T he Effects of Changes in Foreign Exchange Rates . Transactions in foreign currencies are translated into Sterling at the rate ruling on the date of the transaction. Foreign currency monetary balances are translated into Sterling at the period end exchange rates. Exchange gains and losses on such balances are taken to the income statement. Non-monetary foreign currency balances in relation to items measured in terms of historical cost are carried at historical transaction date exchange rates. Non-monetary foreign currency balances in relation to items measured at fair value are translated using the exchange rate at the date when the fair value was measured. The Barclays Bank Group’s foreign operations (including subsidiaries, joint ventures, associates and branches) based mainly outside the UK may have different functional currencies. The functional currency of an operation is the currency of the main economy to which it is exposed. Prior to consolidation (or equity accounting) the assets and liabilities of non-Sterling operations are translated at the period end exchange rate and items of income, expense and other comprehensive income are translated into Sterling at the rate on the date of the transactions. Exchange differences arising on the translation of foreign operations are included in currency translation reserves within equity. These are transferred to the income statement when the Barclays Bank Group disposes of the entire interest in a foreign operation, when partial disposal results in the loss of control of an interest in a subsidiary, when an investment previously accounted for using the equity method is accounted for as a financial asset, or on the disposal of a foreign operation within a branch. |
Financial assets and liabilities | Financial assets and liabilities The Barclays Bank Group applies IFRS 9 Financial Instruments to the recognition, classification and measurement, and derecognition of financial assets and financial liabilities and the impairment of financial assets. The Barclays Bank Group applies the requirements of IAS 39 Financial Instruments: Recognition and Measurement for hedge accounting purposes. Recognition The Barclays Bank Group recognises financial assets and liabilities when it becomes a party to the terms of the contract. Trade date or settlement date accounting is applied depending on the classification of the financial asset. Classification and measurement Financial assets are classified on the basis of two criteria: i) the business model within which financial assets are managed; and ii) their contractual cash flow characteristics (whether the cash flows represent ‘solely payments of principal and interest’ (SPPI)). The Barclays Bank Group assesses the business model criteria at a portfolio level. Information that is considered in determining the applicable business model includes (i) policies and objectives for the relevant portfolio, (ii) how the performance and risks of the portfolio are managed, evaluated and reported to management, and (iii) the frequency, volume and timing of sales in prior periods, sales expectation for future periods, and the reasons for such sales. The contractual cash flow characteristics of financial assets are assessed with reference to whether the cash flows represent SPPI. In assessing whether contractual cash flows are SPPI compliant, interest is defined as consideration primarily for the time value of money and the credit risk of the principal outstanding. The time value of money is defined as the element of interest that provides consideration only for the passage of time and not consideration for other risks or costs associated with holding the financial asset. Terms that could change the contractual cash flows so that it would not meet the condition for SPPI are considered, including: (i) contingent and leverage features, (ii) non-recourse arrangements and (iii) features that could modify the time value of money. Financial assets are measured at amortised cost if they are held within a business model whose objective is to hold financial assets in order to collect contractual cash flows, and their contractual cash flows represent SPPI. Financial assets are measured at fair value through other comprehensive income if they are held within a business model whose objective is achieved by both collecting contractual cash flows and selling financial assets, and their contractual cash flows represent SPPI. Other financial assets are measured at fair value through profit and loss. There is an option to make an irrevocable election on initial recognition for non traded equity investments to be measured at fair value through other comprehensive income, in which case dividends are recognised in profit or loss, but gains or losses are not reclassified to profit or loss upon derecognition, and the impairment requirements of IFRS 9 do not apply. The accounting policy for each type of financial asset or liability is included within the relevant note for the item. The Barclays Bank Group’s policies for determining the fair values of the assets and liabilities are set out in Note 16. Derecognition The Barclays Bank Group derecognises a financial asset, or a portion of a financial asset, from its balance sheet where (i) the contractual rights to cash flows from the asset have expired, or (ii) the contractual rights to the cash flows from the asset have been transferred (usually by sale) and with them either (a) substantially all the risks and rewards of the asset have been transferred, or (b) where neither substantially all the risks and rewards have been transferred or retained, where control over the asset has been lost. Financial liabilities are de-recognised when the liability has been settled, has expired or has been extinguished. An exchange of an existing financial liability for a new liability with the same lender on substantially different terms – generally a difference of 10% or more in the present value of the cash flows or a substantive qualitative amendment – is accounted for as an extinguishment of the original financial liability and the recognition of a new financial liability. Transactions in which the Barclays Bank Group transfers assets and liabilities, portions of them, or financial risks associated with them can be complex and it may not be obvious whether substantially all of the risks and rewards have been transferred. It is often necessary to perform a quantitative analysis. Such an analysis compares the Barclays Bank Group’s exposure to variability in asset cash flows before the transfer with its retained exposure after the transfer. A cash flow analysis of this nature may require judgement. In particular, it is necessary to estimate the asset’s expected future cash flows as well as potential variability around this expectation. The method of estimating expected future cash flows depends on the nature of the asset, with market and market-implied data used to the greatest extent possible. The potential variability around this expectation is typically determined by stressing underlying parameters to create reasonable alternative upside and downside scenarios. Probabilities are then assigned to each scenario. Stressed parameters may include default rates, loss severity, or prepayment rates. |
Accounting for reverse repurchase and repurchase agreements including other similar lending and borrowing | Accounting for reverse repurchase and repurchase agreements including other similar lending and borrowing Reverse repurchase agreements (and stock borrowing or similar transactions) are a form of secured lending whereby the Barclays Bank Group provides a loan or cash collateral in exchange for the transfer of collateral, generally in the form of marketable securities subject to an agreement to transfer the securities back at a fixed price in the future. Repurchase agreements are where the Barclays Bank Group obtains such loans or cash collateral, in exchange for the transfer of collateral. The Barclays Bank Group purchases (a reverse repurchase agreement) or borrows securities subject to a commitment to resell or return them. The securities are not included in the balance sheet as the Barclays Bank Group does not acquire the risks and rewards of ownership. Consideration paid (or cash collateral provided) is accounted for as a loan asset at amortised cost, unless it is designated or mandatorily at fair value through profit and loss. The Barclays Bank Group may also sell (a repurchase agreement) or lend securities subject to a commitment to repurchase or redeem them. The securities are retained on the balance sheet as the Barclays Bank Group retains substantially all the risks and rewards of ownership. Consideration received (or cash collateral provided) is accounted for as a financial liability at amortised cost, unless it is designated at fair value through profit and loss. |
Issued debt and equity instruments | Issued debt and equity instruments The Barclays Bank Group applies IAS 32, Financial Instruments: Presentation , to determine whether funding is either a financial liability (debt) or equity. Issued financial instruments or their components are classified as liabilities if the contractual arrangement results in the Barclays Bank Group having an obligation to either deliver cash or another financial asset, or a variable number of equity shares, to the holder of the instrument. If this is not the case, the instrument is generally an equity instrument and the proceeds included in equity, net of transaction costs. Dividends and other returns to equity holders are recognised when paid or declared by the members at the Annual General Meeting and treated as a deduction from equity. Where issued financial instruments contain both liability and equity components, these are accounted for separately. The fair value of the debt is estimated first and the balance of the proceeds is included within equity. |
Changes in the basis for determining contractual cash flows resulting from interest rate benchmark reform | Changes in the basis for determining contractual cash flows resulting from interest rate benchmark reform A change in the basis for determining the contractual cash flows of a financial instrument that is required by interest rate benchmark reform is accounted for by updating the effective interest rate, without the recognition of an immediate gain or loss. This practical expedient is only applied where (1) the change to the contractual cash flows is necessary as a direct consequence of the reform and (2) the new basis for determining the contractual cash flows is economically equivalent to the previous basis. For changes made in addition to those required by the interest rate benchmark reform, the practical expedient is applied first, after which the normal IFRS 9 requirements for modifications of financial instruments is applied. Refer to Note 13 for further details regarding hedge accounting policies in respect of interest rate benchmark reform. Refer to Note 40 for further disclosure related to interest rate benchmark reform. |
Cash flow statement | Cash flow statementCash comprises cash on hand and balances at central banks. Cash equivalents comprise loans and advances to banks, cash collateral balances with central banks related to payment schemes and treasury and other eligible bills, all with original maturities of three months or less. Repurchase and reverse repurchase agreements are not considered to be part of cash equivalents.Investments in debt securities at amortised cost, presented within loans and advances on the balance sheet, are deemed to be investing activities for the purposes of the cash flow statement, except those instruments considered to be cash equivalents. |
New and amended standards and interpretations | New and amended standards and interpretations The accounting policies adopted have been consistently applied. Future accounting developments The following accounting standards have been issued by the IASB but are not yet effective: IFRS 17 – Insurance contracts In May 2017, the IASB issued IFRS 17 Insurance Contracts, a comprehensive new accounting standard for insurance contracts covering recognition and measurement, presentation and disclosure. IFRS 17 will replace IFRS 4 Insurance Contracts that was issued in 2005. In June 2020, the IASB published amendments to IFRS 17, to include scope exclusion for certain credit card contracts and similar contracts that provide insurance coverage, the optional scope exclusion for loan contracts that transfer significant insurance risk, and the clarification that only financial guarantees issued are in scope of IFRS 9. IFRS 17 applies to all types of insurance contracts (i.e. life, non-life, direct insurance and re-insurance), regardless of the type of entities that issue them, as well as to certain guarantees and financial instruments with discretionary participation features. A few scope exceptions will apply. IFRS 17 is effective for accounting periods beginning on or after 1 January 2023. The Barclays Bank Group does not expect the impact of IFRS 17 to be material. Classification of Liabilities as Current or Non-current (Amendments to IAS 1) In January 2020 the IASB issued amendments to IAS 1 to clarify the presentation of liabilities in the balance sheet, with an effective date of 1 January 2024. The amendments clarify that a liability should be classified as non-current only if the entity has the right to defer settlement of the liability for at least 12 months after the reporting period, and that (i) the right to defer settlement must exist at the end of the reporting period and (ii) management’s intentions or expectations about whether it will exercise its right to defer settlement does not affect the classification. Further clarifications include how lending conditions affect classification and classification of liabilities the entity will or may settle by issuing its own equity instruments. In October 2022, the IASB also issued further amendments to IAS 1 to improve the information an entity provides when its right to defer settlement of a liability for at least twelve months is subject to compliance with covenants, and to respond to stakeholders’ concerns about the classification of such a liability as current or non-current. Disclosure of Accounting Policies - Amendments to IAS 1 and IFRS Practice Statement 2 In February 2021 the IASB issued amendments to IAS 1 that require entities to disclose their material accounting policies rather than their significant accounting policies. The amendments to IFRS Practice Statement 2 provide guidance on the concept of materiality and its application to accounting policy information. Under the amendments, accounting policy information is material if, when considered together with other information included in an entity’s financial statements, it can reasonably be expected to influence decisions that the primary users of general purpose financial statements make on the basis of those financial statements. The amendments are effective for annual periods beginning on or after 1 January 2023, and will be applied from that date. Definition of Accounting Estimate - Amendments to IAS 8 In February 2021 the IASB issued amendments to IAS 8 that replace the definition of a change in accounting estimates with a definition of accounting estimates. Under the new definition, accounting estimates are clarified as monetary amounts in financial statements that are subject to measurement uncertainty. Where an entity's accounting policy requires an item to be measured at monetary amounts that cannot be observed directly, it should develop an accounting estimate to achieve this objective. The amendments are effective for annual periods beginning on or after 1 January 2023, and will be applied from that date. |
Critical accounting estimates and judgements | Critical accounting estimates and judgements The preparation of financial statements in accordance with IFRS requires the use of estimates. It also requires management to exercise judgement in applying the accounting policies. The key areas involving a higher degree of judgement or complexity or areas where assumptions are significant to the consolidated and individual financial statements are highlighted under the relevant note. Critical accounting estimates and judgements are disclosed in: ▪ Credit impairment charges on pages 137 ▪ Tax on pages 141 ▪ Fair value of financial instruments on pages 155 ▪ Pensions and post-retirement benefit obligations on pages 188 ▪ Provisions including conduct and legal, competition and regulatory matters on pages 173 |
Presentation of segmental reporting | Presentation of segmental reporting The Barclays Bank Group’s segmental reporting is in accordance with IFRS 8 Operating Segments . Operating segments are reported in a manner consistent with the internal reporting provided to the Executive Committee, which is responsible for allocating resources and assessing performance of the operating segments, and has been identified as the chief operating decision maker. All transactions between business segments are conducted on an arm’s-length basis, with intra-segment revenue and costs being eliminated in Head Office. Income and expenses directly associated with each segment are included in determining business segment performance. |
Accounting for interest income and expense | Accounting for interest income and expenses Interest income on loans and advances at amortised cost and financial assets at fair value through other comprehensive income, and interest expense on financial liabilities held at amortised cost, are calculated using the effective interest method which allocates interest, and direct and incremental fees and costs, over the expected lives of the assets and liabilities. The effective interest method requires the Barclays Bank Group to estimate future cash flows, in some cases based on its experience of customers’ behaviour, considering all contractual terms of the financial instrument, as well as the expected lives of the assets and liabilities. The Barclays Bank Group incurs certain costs to originate credit card balances with the most significant being co-brand partner fees. To the extent these costs are attributed to customers that continuously carry an outstanding balance (revolvers) and incremental to the origination of credit card balances, they are capitalised and subsequently included within the calculation of the effective interest rate. They are amortised to interest income over the period of expected repayment of the originated balance. Costs attributed to customers that settle their outstanding balances each period (transactors) are deferred on the balance sheet as a cost of obtaining a contract and amortised to fee and commission expense over the life of the customer relationship (refer to Note 4). There are no other individual estimates involved in the calculation of effective interest rates that are material to the results or financial position. |
Accounting for net fee and commission income | Accounting for net fee and commission income The Barclays Bank Group applies IFRS 15 Revenue from Contracts with Customers. IFRS 15 establishes a five-step model governing revenue recognition. The five-step model requires the Barclays Bank Group to (i) identify the contract with the customer, (ii) identify each of the performance obligations included in the contract, (iii) determine the amount of consideration in the contract, (iv) allocate the consideration to each of the identified performance obligations and (v) recognise revenue as each performance obligation is satisfied. The Barclays Bank Group recognises fee and commission income charged for services provided by the Barclays Bank Group as and when performance obligations are satisfied, for example, on completion of the underlying transaction. Where the contractual arrangements also result in the Barclays Bank Group recognising financial instruments in scope of IFRS 9, such financial instruments are initially recognised at fair value in accordance with IFRS 9 before applying the provisions of IFRS 15. |
Accounting for net trading income | Accounting for net trading income In accordance with IFRS 9, trading positions are held at fair value, and the resulting gains and losses are included in net trading income, together with interest and dividends arising from long and short positions and funding costs relating to trading activities. Income arises from both the sale and purchase of trading positions, margins which are achieved through market making and customer business and from changes in fair value caused by movements in interest and exchange rates, equity prices and other market variables. Gains or losses on non-trading financial instruments designated or mandatorily at fair value with changes in fair value recognised in the income statement are included in net trading income where the business model is to manage assets and liabilities on a fair value basis which includes use of derivatives or where an instrument is designated at fair value to eliminate an accounting mismatch and the related instrument's gain and losses are reported in net trading income. |
Accounting for net investment income | Accounting for net investment income/(expense) Dividends are recognised when the right to receive the dividend has been established. Other accounting policies relating to net investment income are set out in Note 12 and Note 14. |
Accounting for the impairment of financial assets | Accounting for the impairment of financial assets Impairment In accordance with IFRS 9, the Barclays Bank Group is required to recognise expected credit losses (ECLs) based on unbiased forward-looking information for all financial assets at amortised cost, lease receivables, debt financial assets at fair value through other comprehensive income, loan commitments and financial guarantee contracts. Intercompany exposures in the individual financial statements, including loan commitments and financial guarantee contracts, are also in scope of IFRS 9 for ECL purposes. At the reporting date, an allowance (or provision for loan commitments and financial guarantees) is required for the 12 month (Stage 1) ECLs. If the credit risk has significantly increased since initial recognition (Stage 2), or if the financial instrument is credit impaired (Stage 3), an allowance (or provision) should be recognised for the lifetime ECLs. The measurement of ECL is calculated using three main components: (i) probability of default (PD) (ii) loss given default (LGD) and (iii) the exposure at default (EAD). The 12 month and lifetime ECLs are calculated by multiplying the respective PD, LGD and the EAD. The 12 month and lifetime PDs represent the PD occurring over the next 12 months and the remaining maturity of the instrument respectively. The EAD represents the expected balance at default, taking into account the repayment of principal and interest from the balance sheet date to the default event together with any expected drawdowns of committed facilities. The LGD represents expected losses on the EAD given the event of default, taking into account, among other attributes, the mitigating effect of collateral value at the time it is expected to be realised and the time value of money. Expected credit loss measurement is based on the ability of borrowers to make payments as they fall due. The Barclays Bank Group also considers sector specific risks and whether additional adjustments are required in the measurement of ECL. Credit risk may be impacted by climate considerations for certain sectors, such as oil and gas. Determining a significant increase in credit risk since initial recognition: The Barclays Bank Group assesses when a significant increase in credit risk has occurred based on quantitative and qualitative assessments. The credit risk of an exposure is considered to have significantly increased when: i) Quantitative test The annualised lifetime PD has increased by more than an agreed threshold relative to the equivalent at origination. PD deterioration thresholds are defined as percentage increases, and are set at an origination score band and segment level to ensure the test appropriately captures significant increases in credit risk at all risk levels. Generally, thresholds are inversely correlated to the origination PD, i.e. as the origination PD increases, the threshold value reduces. The assessment of the point at which a PD increase is deemed ‘significant’ is based upon analysis of the portfolio’s risk profile against a common set of principles and performance metrics (consistent across both retail and wholesale businesses), incorporating expert credit judgement where appropriate. Application of quantitative PD floors does not represent the use of the low credit risk exemption as exposures can separately move into stage 2 via the qualitative route described below. Wholesale assets apply a 100% increase in PD and 0.2% PD floor to determine a significant increase in credit risk. Retail assets apply bespoke relative increase and absolute PD thresholds based on product type and origination PD. Thresholds are subject to maximums defined by Barclays Bank Group policy and typically apply minimum relative thresholds of 50%-100% and a maximum relative threshold of 400%. For existing/historical exposures where origination point scores or data are no longer available or do not represent a comparable estimate of lifetime PD, a proxy origination score is defined, based upon: ▪ back-population of the approved lifetime PD score either to origination date or, where this is not feasible, as far back as possible (subject to a data start point no later than 1 January 2015); or ▪ use of available historical account performance data and other customer information, to derive a comparable ‘proxy’ estimation of origination PD. ii) Qualitative test This is relevant for accounts that meet the portfolio’s ‘high risk’ criteria and are subject to closer credit monitoring. High risk customers may not be in arrears but either through an event or an observed behaviour exhibit credit distress. The definition and assessment of high risk includes as wide a range of information as reasonably available, such as industry and Barclays Bank Group-wide customer level data, including but not limited to bureau scores and high consumer indebtedness index, wherever possible or relevant. Whilst the high risk populations applied for IFRS 9 impairment purposes are aligned with risk management processes, they are also regularly reviewed and validated to ensure that they capture any incremental segments where there is evidence of credit deterioration. iii) Backstop criteria This is relevant for accounts that are more than 30 calendar days past due. The 30 days past due criteria is a backstop rather than a primary driver of moving exposures into Stage 2. The criteria for determining a significant increase in credit risk for assets with bullet repayments follows the same principle as all other assets, i.e. quantitative, qualitative and backstop tests are all applied. Exposures will move back to Stage 1 once they no longer meet the criteria for a significant increase in credit risk. This means that, at a minimum all payments must be up-to-date, the PD deterioration test is no longer met, the account is no longer classified as high risk, and the customer has evidenced an ability to maintain future payments. Exposures are only removed from Stage 3 and re-assigned to Stage 2 once the original default trigger event no longer applies. Exposures being removed from Stage 3 must no longer qualify as credit impaired, and: a) the obligor will also have demonstrated consistently good payment behaviour over a 12-month period, by making all consecutive contractual payments due and, for forborne exposures, the relevant EBA defined probationary period has also been successfully completed; or b) (for non-forborne exposures) the performance conditions are defined and approved within an appropriately sanctioned restructure plan, including 12 months’ payment history have been met. Management overlays and other exceptions to model outputs are applied only if consistent with the objective of identifying significant increases in credit risk. Forward-looking information The measurement of ECL involves complexity and judgement, including estimation of PD, LGD, a range of unbiased future economic scenarios, estimation of expected lives (where contractual life is not appropriate), and estimation of EAD and assessing significant increases in credit risk. Credit losses are the expected cash shortfalls from what is contractually due over the expected life of the financial instrument, discounted at the original effective interest rate (EIR). ECLs are the unbiased probability-weighted credit losses determined by evaluating a range of possible outcomes and considering future economic conditions. The Barclays Bank Group uses a five -scenario model to calculate ECL. An external consensus forecast is assembled from key sources, including HM Treasury (short and medium term forecasts) and Bloomberg (based on median of economic forecasters), which forms the Baseline scenario. In addition, two adverse scenarios (Downside 1 and Downside 2) and two favourable scenarios (Upside 1 and Upside 2) are derived, with associated probability weightings. The adverse scenarios are calibrated to a broadly similar severity to the Barclays Bank Group's internal stress tests and stress scenarios provided by regulators, whilst also considering IFRS 9 specific sensitivities and non-linearity. The favourable scenarios are designed to reflect plausible upside risks to the Baseline scenario which are broadly consistent with the economic narrative approved by the Senior Scenario Review Committee. All scenarios are regenerated at a minimum semi-annually. The scenarios include key economic variables (including GDP, unemployment, House Price Index (HPI) and base rates in both the UK and US markets) and expanded variables using statistical models based on historical correlations. The upside and downside shocks are designed to evolve over a five -year stress horizon, with all five scenarios converging to a steady state after approximately seven years. The methodology for estimating probability weights for each of the scenarios involves a comparison of the distribution of key historical UK and US macroeconomic variables against the forecast paths of the five scenarios. The methodology works such that the baseline (reflecting current consensus outlook) has the highest weight and the weights of adverse and favourable scenarios depend on the deviation from the baseline; the further from the baseline, the smaller the weight. A single set of five scenarios is used across all portfolios and all five weights are normalised to equate to 100%. The same scenarios used in the estimation of expected credit losses are also used to inform Barclays' internal planning. The impacts across the portfolios are different because of the sensitivities of each of the portfolios to specific macroeconomic variables, for example, mortgages are highly sensitive to house prices, and credit cards and unsecured consumer loans are highly sensitive to unemployment. Definition of default, credit impaired assets, write-offs, and interest income recognition The definition of default for the purpose of determining ECLs, and for internal credit risk management purposes, has been aligned to the Regulatory Capital CRR Article 178 definition of default, to maintain a consistent approach with IFRS 9 and associated regulatory guidance. The Regulatory Capital CRR Article 178 definition of default considers indicators that the debtor is unlikely to pay, includes exposures in forbearance and is no later than when the exposure is more than 90 days past due. When exposures are identified as credit impaired at the time when they are purchased or originated, interest income is calculated on the carrying value net of the impairment allowance. An asset is considered credit impaired when one or more events occur that have a detrimental impact on the estimated future cash flows of the financial asset. This comprises assets defined as defaulted and other individually assessed exposures where imminent default or actual loss is identified. Uncollectible loans are written off against the related allowance for loan impairment on completion of the Barclays Bank Group’s internal processes and when all reasonably expected recoverable amounts have been collected. Subsequent recoveries of amounts previously written off are credited to the income statement. The timing and extent of write-offs may involve some element of subjective judgement. Nevertheless, a write-off will often be prompted by a specific event, such as the inception of insolvency proceedings or other formal recovery action, which makes it possible to establish that some or the entire advance is beyond realistic prospect of recovery. Accounting for purchased financial guarantee contracts The Barclays Bank Group may enter into a financial guarantee contract which requires the issuer of such contract to reimburse the Barclays Bank Group for a loss it incurs because a specified debtor fails to make payment when due in accordance with the terms of a debt instrument. For these separate financial guarantee contracts, the Barclays Bank Group recognises a reimbursement asset aligned with the recognition of the underlying ECLs, if it is considered virtually certain that a reimbursement would be received if the specified debtor fails to make payment when due in accordance with the terms of the debt instrument. Loan modifications and renegotiations that are not credit-impaired When modification of a loan agreement occurs as a result of commercial restructuring activity rather than due to the credit risk of the borrower, an assessment must be performed to determine whether the terms of the new agreement are substantially different from the terms of the existing agreement. This assessment considers both the change in cash flows arising from the modified terms as well as the change in overall instrument risk profile. In respect of payment holidays granted to borrowers which are not due to forbearance, if the revised cash flows on a present value basis (based on the original EIR) are not substantially different from the original cash flows, the loan is not considered to be substantially modified. Where terms are substantially different, the existing loan will be derecognised and a new loan will be recognised at fair value, with any difference in valuation recognised immediately within the income statement, subject to observability criteria. Where terms are not substantially different, the loan carrying value will be adjusted to reflect the present value of modified cash flows discounted at the original EIR, with any resulting gain or loss recognised immediately within the income statement as a modification gain or loss. Note 1 sets out details for changes in the basis of determining the contractual cash flows of a financial instrument that are required by interest rate benchmark reform. Expected life Lifetime ECLs must be measured over the expected life. This is restricted to the maximum contractual life and takes into account expected prepayment, extension, call and similar options. The exceptions are certain revolver financial instruments, such as credit cards and bank overdrafts, that include both a drawn and an undrawn component where the entity’s contractual ability to demand repayment and cancel the undrawn commitment does not limit the entity’s exposure to credit losses to the contractual notice period. For revolving facilities, expected life is analytically derived to reflect the behavioural life of the asset, i.e. the full period over which the business expects to be exposed to credit risk. Behavioural life is typically based upon historical analysis of the average time to default, closure or withdrawal of facility. Where data is insufficient or analysis inconclusive, an additional ‘maturity factor’ may be incorporated to reflect the full estimated life of the exposures, based upon experienced judgement and/or peer analysis. Potential future modifications of contracts are not taken into account when determining the expected life or EAD until they occur. Discounting ECLs are discounted at the EIR at initial recognition or an approximation thereof and consistent with income recognition. For loan commitments the EIR is the rate that is expected to apply when the loan is drawn down and a financial asset is recognised. Issued financial guarantee contracts are discounted at the risk free rate. Lease receivables are discounted at the rate implicit in the lease. For variable/floating rate financial assets, the spot rate at the reporting date is used and projections of changes in the variable rate over the expected life are not made to estimate future interest cash flows or for discounting. Modelling techniques The regulatory Basel Committee of Banking Supervisors (BCBS) ECL calculations are leveraged for IFRS 9 modelling but adjusted for key differences which include: ▪ BCBS requires 12 month through the economic cycle losses whereas IFRS 9 requires 12 months or lifetime point in time losses based on conditions at the reporting date and multiple forecasts of the future economic conditions over the expected lives; ▪ IFRS 9 models do not include certain conservative BCBS model floors and downturn assessments and require discounting to the reporting date at the original EIR rather than using the cost of capital to the date of default; ▪ management adjustments are made to modelled output to account for situations where known or expected risk factors and information have not been considered in the modelling process, for example forecast economic scenarios for uncertain political events; and ▪ ECL is measured at the individual financial instrument level, however a collective approach where financial instruments with similar risk characteristics are grouped together, with apportionment to individual financial instruments, is used where effects can only be seen at a collective level, for example for forward-looking information. For the IFRS 9 impairment assessment, the Barclays Bank Group’s risk models are used to determine the PD, LGD and EAD. For Stage 2 and 3, the Barclays Bank Group applies lifetime PDs but uses 12 month PDs for Stage 1. The ECL drivers of PD, EAD and LGD are modelled at an account level which considers vintage, among other credit factors. Also, the assessment of significant increase in credit risk is based on the initial lifetime PD curve, which accounts for the different credit risk underwritten over time. Forbearance A financial asset is subject to forbearance when it is modified due to the credit distress of the borrower. A modification made to the terms of an asset due to forbearance will typically be assessed as a non-substantial modification that does not result in derecognition of the original loan, except in circumstances where debt is exchanged for equity. Both performing and non-performing forbearance assets are classified as Stage 3 except where it is established that the concession granted has not resulted in diminished financial obligation and that no other regulatory definitions of default criteria have been triggered, in which case the asset is classified as Stage 2. The minimum probationary period for non-performing forbearance is 12 months and for performing forbearance, 24 months. Hence, a minimum of 36 months is required for non-performing forbearance to move out of a forborne state. No financial instrument in forbearance can transfer back to Stage 1 until all of the Stage 2 thresholds are no longer met and can only move out of Stage 3 when no longer credit impaired. Critical accounting estimates and judgements IFRS 9 impairment involves several important areas of judgement, including estimating forward looking modelled parameters (PD, LGD and EAD), developing a range of unbiased future economic scenarios, estimating expected lives and assessing significant increases in credit risk, based on the Barclays Bank Group’s experience of managing credit risk. The determination of expected life is most material for Barclays credit card portfolios which is obtained via behavioural life analysis to materially capture the risk of these facilities. Within the retail and small businesses portfolios, which comprise large numbers of small homogenous assets with similar risk characteristics where credit scoring techniques are generally used, the impairment allowance is calculated using forward looking modelled parameters which are typically run at account level. There are many models in use, each tailored to a product, line of business or customer category. Judgement and knowledge is needed in selecting the statistical methods to use when the models are developed or revised. Management adjustments to impairment models, which contain an element of subjectivity, are applied in order to factor in certain conditions or changes in policy that are not fully incorporated into the impairment models, or to reflect additional facts and circumstances at the period end. Management adjustments are reviewed and incorporated into future model development where appropriate . For individually significant assets in Stage 3, impairment allowances are calculated on an individual basis and all relevant considerations that have a bearing on the expected future cash flows across a range of economic scenarios are taken into account. These considerations can be particularly subjective and can include the business prospects for the customer, the realisable value of collateral, the Barclays Bank Group’s position relative to other claimants, the reliability of customer information and the likely cost and duration of the work-out process. The level of the impairment allowance is the difference between the value of the discounted expected future cash flows (discounted at the loan’s original effective interest rate), and its carrying amount. Furthermore, judgements change with time as new information becomes available or as work-out strategies evolve, resulting in frequent revisions to the impairment allowance as individual decisions are taken. Changes in these estimates would result in a change in the allowances and have a direct impact on the impairment charge. |
Accounting for purchased financial guarantee contracts | The Barclays Bank Group may enter into a financial guarantee contract which requires the issuer of such contract to reimburse the Barclays Bank Group for a loss it incurs because a specified debtor fails to make payment when due in accordance with the terms of a debt instrument. For these separate financial guarantee contracts, the Barclays Bank Group recognises a reimbursement asset aligned with the recognition of the underlying ECLs, if it is considered virtually certain that a reimbursement would be received if the specified debtor fails to make payment when due in accordance with the terms of the debt instrument. |
Accounting for income taxes | Accounting for income taxes The Barclays Bank Group applies IAS 12 Income Taxes in accounting for taxes on income. Income tax payable on taxable profits (current tax) is recognised as an expense in the periods in which the profits arise. Withholding taxes are also treated as income taxes. Income tax recoverable on tax allowable losses is recognised as a current tax asset only to the extent that it is regarded as recoverable by offsetting against taxable profits arising in the current or prior periods. Current tax is measured using tax rates and tax laws that have been enacted or substantively enacted at the balance sheet date. Deferred tax assets are recognised to the extent that it is probable that taxable profit will be available against which the deductible temporary differences, and the carry forward of unused tax credits and unused tax losses can be utilised. Deferred tax liabilities are recognised for all taxable temporary differences except for the initial recognition of goodwill. Deferred tax is not recognised where the temporary difference arises from the initial recognition of an asset or liability in a transaction that is not a business combination and, at the time of the transaction, affects neither the accounting profit nor taxable profit or loss. Deferred tax is determined using tax rates and legislation enacted or substantively enacted by the balance sheet date which are expected to apply when the deferred tax asset is realised or the deferred tax liability is settled. Deferred tax assets and liabilities are only offset when there is both a legal right to set-off and an intention to settle on a net basis. The Barclays Bank Group considers an uncertain tax position to exist when it considers that ultimately, in the future, the amount of profit subject to tax may be greater than the amount initially reflected in the Barclays Bank Group’s tax returns. The Barclays Bank Group accounts for provisions in respect of uncertain tax positions in two different ways. A current tax provision is recognised when it is considered probable that the outcome of a review by a tax authority of an uncertain tax position will alter the amount of cash tax due to, or from, a tax authority in the future. From recognition, the current tax provision is then measured at the amount the Barclays Bank Group ultimately expects to pay the tax authority to resolve the position. The accrual of interest and penalty amounts in respect of uncertain income tax positions is recognised as an expense within profit before tax. Deferred tax provisions are adjustments made to the carrying value of deferred tax assets in respect of uncertain tax positions. A deferred tax provision is recognised when it is considered probable that the outcome of a review by a tax authority of an uncertain tax position will result in a reduction in the carrying value of the deferred tax asset. From recognition of a provision, measurement of the underlying deferred tax asset is adjusted to take into account the expected impact of resolving the uncertain tax position on the loss or temporary difference giving rise to the deferred tax asset. The approach taken to measurement takes account of whether the uncertain tax position is a discrete position that will be reviewed by the tax authority in isolation from any other position, or one of a number of issues which are expected to be reviewed together concurrently and resolved simultaneously with a tax authority. The Barclays Bank Group’s measurement of provisions is based upon its best estimate of the additional profit that will become subject to tax. For a discrete position, consideration is given only to the merits of that position. Where a number of issues are expected to be reviewed and resolved together, the Barclays Bank Group will take into account not only the merits of its position in respect of each particular issue but also the overall level of provision relative to the aggregate of the uncertain tax positions across all the issues that are expected to be resolved at the same time. In addition, in assessing provision levels, it is assumed that tax authorities will review uncertain tax positions and that all facts will be fully and transparently disclosed. Critical accounting estimates and judgements There are two key areas of judgement that impact the reported tax position. Firstly, the level of provisioning for uncertain tax positions; and secondly, the recognition and measurement of deferred tax assets. The Barclays Bank Group does not consider there to be a significant risk of a material adjustment to the carrying amount of current and deferred tax balances, including provisions for uncertain tax positions in the next financial year. The provisions for uncertain tax positions cover a diverse range of issues and reflect advice from external counsel where relevant. It should be noted that only a proportion of the total uncertain tax positions will be under audit at any point in time, and could therefore be subject to challenge by a tax authority over the next year. Deferred tax assets have been recognised based on business profit forecasts. Details on the recognition of deferred tax assets are provided in this note. |
Accounting for trading portfolio assets and liabilities | Accounting for trading portfolio assets and liabilities In accordance with IFRS 9, all assets and liabilities held for trading purposes are held at fair value with gains and losses in the changes in fair value taken to the income statement in net trading income (Note 5). |
Accounting for financial instruments at fair value through the income statement | Accounting for financial assets mandatorily at fair value Financial assets that are held for trading are recognised at fair value through profit or loss. In addition, financial assets are held at fair value through profit or loss if they do not contain contractual terms that give rise on specified dates to cash flows that are Solely Payments of Principal and Interest (SPPI), or if the financial asset is not held in a business model that is either (i) a business model to collect the contractual cash flows or (ii) a business model that is achieved by both collecting contractual cash flows and selling. Accounting for financial assets designated at fair value Financial assets, other than those held for trading, are classified in this category if they are so irrevocably designated at inception and the use of the designation removes or significantly reduces an accounting mismatch. Subsequent changes in fair value for these instruments are recognised in the income statement in net investment income, except if reporting it in trading income reduces an accounting mismatch. The details on how the fair value amounts are derived for financial assets at fair value are described in Note 16. |
Accounting for derivatives | Accounting for derivatives Derivative instruments are contracts whose value is derived from one or more underlying financial instruments or indices defined in the contract. They include swaps, forward-rate agreements, futures, options and combinations of these instruments and primarily affect the Barclays Bank Group’s net interest income, net trading income and derivative assets and liabilities. Notional amounts of the contracts are not recorded on the balance sheet. Derivatives are used to hedge interest rate, credit risk, inflation risk, exchange rate, commodity, equity exposures and exposures to certain indices such as house price indices and retail price indices related to non-trading positions. All derivative instruments are held at fair value through profit or loss, except for derivatives that are in a designated cash flow or net investment hedge accounting relationship. Derivatives are classified as assets when their fair value is positive or as liabilities when their fair value is negative. This includes terms included in a contract or financial liability (the host) which, had they been a standalone contract, would have met the definition of a derivative. If these are separated from the host, i.e. when the economic characteristics of the embedded derivative are not closely related with those of the host contract and the combined instrument is not measured at fair value through profit or loss, then they are accounted for in the same way as derivatives. For financial assets, the requirements are whether the financial assets contain contractual terms that give rise on specified dates to cash flows that are SPPI, and consequently the requirements for accounting for embedded derivatives are not applicable to financial assets. |
Hedge accounting | Hedge accounting The Barclays Bank Group applies the requirements of IAS 39 Financial Instruments: Recognition and Measurement for hedge accounting purposes. The Barclays Bank Group applies hedge accounting to represent the economic effects of its interest rate, currency and contractually linked inflation risk management strategies. Where derivatives are held for risk management purposes, and when transactions meet the required criteria for documentation and hedge effectiveness, the Barclays Bank Group applies fair value hedge accounting, cash flow hedge accounting, or hedging of a net investment in a foreign operation, as appropriate to the risks being hedged. The Barclays Bank Group applies the ‘Amendments to IFRS 9, IAS 39 and IFRS 7 Interest Rate Benchmark Reform’ issued in September 2019 (the Phase 1 amendments). The amendments provide temporary relief from applying specific hedge accounting requirements to hedging relationships directly affected by IBOR (‘Interbank Offered Rates’) reform. The reliefs have the effect that IBOR reform should not generally cause hedge accounting to terminate. However, any hedge ineffectiveness continues to be recorded in the income statement. Furthermore, the amendments set out triggers for when the reliefs will end, which include the uncertainty arising from interest rate benchmark reform no longer being present. In summary, the reliefs provided by the Phase 1 amendments are: ▪ When considering the ‘highly probable’ requirement, the Barclays Bank Group has assumed that the IBOR interest rates upon which our hedged items are based do not change as a result of IBOR reform. ▪ In assessing whether the hedge is expected to be highly effective on a forward-looking basis the Barclays Bank Group has assumed that the IBOR interest rates upon which the cash flows of the hedged items and the interest rate swaps that hedge them are based are not altered by IBOR reform. ▪ The Barclays Bank Group will not discontinue hedge accounting during the period of IBOR-related uncertainty solely because the retrospective effectiveness falls outside the required 80% –125% range. ▪ The Barclays Bank Group has not recycled the cash flow hedge reserve relating to the period after the reforms are expected to take effect. ▪ The Barclays Bank Group has assessed whether the hedged IBOR risk component is a separately identifiable risk only when it first designates a hedged item in a fair value hedge and not on an ongoing basis. The Barclays Bank Group also applies the ‘Amendments to IFRS 9, IAS 39, IFRS 7, IFRS 4 and IFRS 16 Interest Rate Benchmark Reform – Phase 2’ issued in August 2020. The Phase 2 amendments provide relief when changes are made to hedge relationships as a result of the interest rate benchmark reform. In summary, the reliefs provided by the Phase 2 amendments are: ▪ Under a temporary exception, the Barclays Bank Group has considered that changes to the hedge designation and hedge documentation due to the interest rate benchmark reform would not constitute the discontinuation of the hedge relationship nor the designation of a new hedging relationship. ▪ In respect of the retrospective hedge effectiveness assessment, the Barclays Bank Group may elect, on a hedge-by-hedge basis, to reset the cumulative fair value changes to zero when the exception to the retrospective assessment ends (Phase 1 relief). Any hedge ineffectiveness will continue to be measured and recognised in full in profit or loss. ▪ The Barclays Bank Group has deemed the amounts accumulated in the cash flow hedge reserve to be based on the alternative benchmark rate (on which the hedge future cash flows are determined) when there is a change in basis for determining the contractual cash flows. ▪ For hedges of groups of items (such as those forming part of a macro cash flow hedging strategy), the amendments provide relief for items within a designated group of items that are amended for changes directly required by the reform. ▪ In respect of whether a risk component of a hedged item is separately identifiable, the amendments provide temporary relief to entities to meet this requirement when an alternative risk free rate (RFR) financial instrument is designated as a risk component. These amendments allow the Barclays Bank Group upon designation of the hedge to assume that the separately identifiable requirement is met if the Barclays Bank Group reasonably expects the RFR risk will become separately identifiable within the next 24 months. The Barclays Bank Group applies this relief to each RFR on a rate-by-rate basis and starts when the Barclays Bank Group first designates the RFR as a non-contractually specified risk component. Fair value hedge accounting Changes in fair value of derivatives that qualify and are designated as fair value hedges are recorded in the income statement, together with changes in the fair value of the hedged asset or liability that are attributable to the hedged risk. The fair value changes adjust the carrying value of the hedged asset or liability held at amortised cost. If hedge relationships no longer meet the criteria for hedge accounting, hedge accounting is discontinued. For fair value hedges of interest rate risk, the fair value adjustment to the hedged item is amortised to the income statement over the period to maturity of the previously designated hedge relationship using the effective interest method. If the hedged item is sold or repaid, the unamortised fair value adjustment is recognised immediately in the income statement. For items classified as fair value through other comprehensive income, the hedge accounting adjustment is included in other comprehensive income. Cash flow hedge accounting For qualifying cash flow hedges, the fair value gain or loss associated with the effective portion of the cash flow hedge is recognised initially in other comprehensive income, and then recycled to the income statement in the periods when the hedged item will affect profit or loss. Any ineffective portion of the gain or loss on the hedging instrument is recognised in the income statement immediately. 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 when the hedged item is ultimately recognised in the income statement. When a forecast transaction is no longer expected to occur, the cumulative gain or loss that was recognised in equity is immediately transferred to the income statement. Hedges of net investments The Barclays Bank Group’s net investments in foreign operations, including monetary items accounted for as part of the net investment, are hedged for foreign currency risks using both derivatives and foreign currency borrowings. Hedges of net investments are accounted for similarly to cash flow hedges; the effective portion of the gain or loss on the hedging instrument is being recognised directly in other comprehensive income and the ineffective portion being recognised immediately in the income statement. The cumulative gain or loss recognised in other comprehensive income is recognised in the income statement on the disposal or partial disposal of the foreign operation, or other reductions in the Barclays Bank Group’s investment in the operation. |
Accounting for financial assets at fair value through other comprehensive income | Accounting for financial assets at fair value through other comprehensive income (FVOCI) Financial assets that are debt instruments held in a business model that is achieved by both collecting contractual cash flows and selling and that contain contractual terms that give rise on specified dates to cash flows that are SPPI are measured at FVOCI. They are subsequently re-measured at fair value and changes therein (except for those relating to impairment, interest income and foreign currency exchange gains and losses) are recognised in other comprehensive income until the assets are sold. Interest (calculated using the effective interest method) is recognised in the income statement in net interest income (Note 3). Upon disposal, the cumulative gain or loss recognised in other comprehensive income is included in net investment income (Note 6). In determining whether the business model is achieved by both collecting contractual cash flows and selling financial assets, it is determined that both collecting contractual cash flows and selling financial assets are integral to achieving the objective of the business model. The Barclays Bank Group will consider past sales and expectations about future sales to establish if the business model is achieved. For equity securities that are not held for trading, the Barclays Bank Group may make an irrevocable election on initial recognition to present subsequent changes in the fair value of the instrument in other comprehensive income (except for dividend income which is recognised in profit or loss). Gains or losses on the de-recognition of these equity securities are not transferred to profit or loss. These assets are also not subject to the impairment requirements and therefore no amounts are recycled to the income statement. Where the Barclays Bank Group has not made the irrevocable election to present subsequent changes in the fair value of the instrument in other comprehensive income, equity securities are measured at fair value through profit or loss. |
Accounting for financial liabilities designated at fair value | Accounting for liabilities designated at fair value through profit and loss In accordance with IFRS 9, financial liabilities may be designated at fair value, with gains and losses taken to the income statement within net trading income (Note 5) and net investment income (Note 6). Movements in own credit are reported through other comprehensive income, unless the effects of changes in the liability's credit risk would create or enlarge an accounting mismatch in profit and loss. In these scenarios, all gains and losses on that liability (including the effects of changes in the credit risk of the liability) are presented in profit and loss. On derecognition of the financial liability no amounts relating to own credit risk are recycled to the income statement. The Barclays Bank Group has the ability to make the fair value designation when holding the instruments at fair value reduces an accounting mismatch (caused by an offsetting liability or asset being held at fair value), or is managed by the Barclays Bank Group on the basis of its fair value, or includes terms that have substantive derivative characteristics (Note 13). The details on how the fair value amounts are arrived at for financial liabilities designated at fair value are described in Note 16. Accounting for loans and advances and deposits held at amortised cost Loans and advances to customers and banks, customer accounts, debt securities and most financial liabilities are held at amortised cost. That is, the initial fair value (which is normally the amount advanced or borrowed) is adjusted for repayments and the amortisation of coupon, fees and expenses to represent the effective interest rate of the asset or liability. Balances deferred on-balance sheet as effective interest rate adjustments are amortised to interest income over the life of the financial instrument to which they relate. Financial assets that are held in a business model to collect the contractual cash flows and that contain contractual terms that give rise on specified dates to cash flows that are SPPI are measured at amortised cost. The carrying value of these financial assets at initial recognition includes any directly attributable transaction costs. Refer to Note 1 for details of ‘solely payments of principal and interest’. In determining whether the business model is a ‘hold to collect’ model, the objective of the business model must be to hold the financial asset to collect contractual cash flows rather than holding the financial asset for trading or short-term profit taking purposes. While the objective of the business model must be to hold the financial asset to collect contractual cash flows this does not mean the Barclays Bank Group is required to hold the financial assets until maturity. When determining if the business model objective is to collect contractual cash flows the Barclays Bank Group will consider past sales and expectations about future sales. |
Accounting for fair value of financial instruments | Accounting for financial assets and liabilities – fair values Financial instruments that are held for trading are recognised at fair value through profit or loss. In addition, financial assets are held at fair value through profit or loss if they do not contain contractual terms that give rise on specified dates to cash flows that are SPPI, or if the financial asset is not held in a business model that is either (i) a business model to collect the contractual cash flows or (ii) a business model that is achieved by both collecting contractual cash flows and selling. Subsequent changes in fair value for these instruments are recognised in the income statement in net investment income, except if reporting it in trading income reduces an accounting mismatch. All financial instruments are initially recognised at fair value on the date of initial recognition (including transaction costs, other than financial instruments held at fair value through profit or loss) and depending on the subsequent classification of the financial asset or liability, may continue to be held at fair value either through profit or loss or other comprehensive income. The fair value of a financial instrument is the price that would be received to sell an asset or paid to transfer a liability in an orderly transaction between market participants at the measurement date. Wherever possible, fair value is determined by reference to a quoted market price for that instrument. For many of the Barclays Bank Group’s financial assets and liabilities, especially derivatives, quoted prices are not available and valuation models are used to estimate fair value. The models calculate the expected cash flows under the terms of each specific contract and then discount these values back to a present value. These models use as their basis independently sourced market inputs including, for example, interest rate yield curves, equities and commodities prices, option volatilities and currency rates. For financial liabilities measured at fair value, the carrying amount reflects the effect on fair value of changes in own credit spreads derived from observable market data such as in primary issuance and redemption activity for structured notes. On initial recognition, it is presumed that the transaction price is the fair value unless there is observable information available in an active market to the contrary. The best evidence of an instrument’s fair value on initial recognition is typically the transaction price. However, if fair value can be evidenced by comparison with other observable current market transactions in the same instrument, or is based on a valuation technique whose inputs include only data from observable markets, then the instrument should be recognised at the fair value derived from such observable market data. For valuations that have made use of unobservable inputs, the difference between the model valuation and the initial transaction price (Day One profit) is recognised in profit or loss either: on a straight-line basis over the term of the transaction; or over the period until all model inputs will become observable where appropriate; or released in full when previously unobservable inputs become observable. Various factors influence the availability of observable inputs and these may vary from product to product and change over time. Factors include the depth of activity in the relevant market, the type of product, whether the product is new and not widely traded in the marketplace, the maturity of market modelling and the nature of the transaction (bespoke or generic). To the extent that valuation is based on models or inputs that are not observable in the market, the determination of fair value can be more subjective, dependent on the significance of the unobservable input to the overall valuation. Unobservable inputs are determined based on the best information available, for example by reference to similar assets, similar maturities or other analytical techniques. The sensitivity of valuations used in the financial statements to possible changes in significant unobservable inputs is shown on page 163. Critical accounting estimates and judgements The valuation of financial instruments often involves a significant degree of judgement and complexity, in particular where valuation models make use of unobservable inputs (‘Level 3’ assets and liabilities). This note provides information on these instruments, including the related unrealised gains and losses recognised in the period, a description of significant valuation techniques and unobservable inputs, and a sensitivity analysis. Climate related risks are assumed to be included in the fair values of assets and liabilities traded in active markets. |
Accounting for offsetting financial assets and financial liabilities | In accordance with IAS 32 Financial Instruments: Presentation , the Barclays Bank Group reports financial assets and financial liabilities on a net basis on the balance sheet only if there is a legally enforceable right to set-off the recognised amounts and there is intention to settle on a net basis, or to realise the asset and settle the liability simultaneously. The following table shows the impact of netting arrangements on: ▪ All financial assets and liabilities that are reported net on the balance sheet. ▪ All derivative financial instruments and reverse repurchase and repurchase agreements and other similar secured lending and borrowing agreements that are subject to enforceable master netting arrangements or similar agreements, but do not qualify for balance sheet netting. The ‘Net amounts’ presented in the table below are not intended to represent the Barclays Bank Group’s actual exposure to credit risk, as a variety of credit mitigation strategies are employed in addition to netting and collateral arrangements. |
Accounting for loans and advances and deposits at amortised cost | Accounting for loans and advances and deposits held at amortised cost Loans and advances to customers and banks, customer accounts, debt securities and most financial liabilities are held at amortised cost. That is, the initial fair value (which is normally the amount advanced or borrowed) is adjusted for repayments and the amortisation of coupon, fees and expenses to represent the effective interest rate of the asset or liability. Balances deferred on-balance sheet as effective interest rate adjustments are amortised to interest income over the life of the financial instrument to which they relate. Financial assets that are held in a business model to collect the contractual cash flows and that contain contractual terms that give rise on specified dates to cash flows that are SPPI are measured at amortised cost. The carrying value of these financial assets at initial recognition includes any directly attributable transaction costs. Refer to Note 1 for details of ‘solely payments of principal and interest’. In determining whether the business model is a ‘hold to collect’ model, the objective of the business model must be to hold the financial asset to collect contractual cash flows rather than holding the financial asset for trading or short-term profit taking purposes. While the objective of the business model must be to hold the financial asset to collect contractual cash flows this does not mean the Barclays Bank Group is required to hold the financial assets until maturity. When determining if the business model objective is to collect contractual cash flows the Barclays Bank Group will consider past sales and expectations about future sales. |
Accounting for property, plant and equipment | Accounting for property, plant and equipment The Barclays Bank Group applies IAS 16 Property Plant and Equipment and IAS 40 Investment Properties. Property, plant and equipment is stated at cost, which includes direct and incremental acquisition costs less accumulated depreciation and provisions for impairment, if required. Subsequent costs are capitalised if these result in enhancement of the asset. Depreciation is provided on the depreciable amount of items of property, plant and equipment on a straight-line basis over their estimated useful economic lives. Depreciation rates, methods and the residual values underlying the calculation of depreciation of items of property, plant and equipment are kept under review to take account of any change in circumstances. The Barclays Bank Group uses the following annual rates in calculating depreciation: Annual rates in calculating depreciation Depreciation rate Freehold land Not depreciated Freehold buildings and long-leasehold property (more than 50 years to run) 2%-3.3% Leasehold property over the remaining life of the lease (less than 50 years to run) Over the remaining life of the lease Costs of adaptation of freehold and leasehold property 6%-10% Equipment installed in freehold and leasehold property 6%-10% Computers and similar equipment 17%-33% Fixtures and fittings and other equipment 9%-20% Costs of adaptation and installed equipment are depreciated over the shorter of the life of the lease or the depreciation rates noted in the table above. Investment property The Barclays Bank Group initially recognises investment property at cost, and subsequently at fair value at each balance sheet date, reflecting market conditions at the reporting date. Gains and losses on remeasurement are included in the income statement. |
Accounting for leases under IFRS 16 effective from 1 January 2019 | Accounting for leases IFRS 16 applies to all leases with the exception of licenses of intellectual property, rights held by licensing agreement within the scope of IAS 38 Intangible Assets, service concession arrangements, leases of biological assets within the scope of IAS 41 Agriculture and leases of minerals, oil, natural gas and similar non-regenerative resources. IFRS 16 includes an accounting policy choice for a lessee to elect not to apply IFRS 16 to remaining assets within the scope of IAS 38 Intangible Assets which the Barclays Bank Group has decided to apply. When the Barclays Bank Group is the lessee, it is required to recognise both: ▪ a lease liability, measured at the present value of remaining cash flows on the lease; and ▪ a right of use (ROU) asset, measured at the amount of the initial measurement of the lease liability, plus any lease payments made prior to commencement date, initial direct costs, and estimated costs of restoring the underlying asset to the condition required by the lease, less any lease incentives received. Subsequently the lease liability will increase for the accrual of interest, resulting in a constant rate of return throughout the life of the lease, and reduce when payments are made. The right of use asset will amortise to the income statement over the life of the lease. The lease liability is remeasured when there is a change in the one of the following: ▪ future lease payments arising from a change in an index or rate; ▪ the Barclays Bank Group’s estimate of the amount expected to be payable under a residual value guarantee; or ▪ the Barclays Bank Group’s assessment of whether it will exercise a purchase, extension or termination option. When the lease liability is remeasured a corresponding adjustment is made to the carrying amount of the ROU asset, or is recorded in the income statement if the carrying amount of the ROU asset has been reduced to nil. On the balance sheet, the ROU assets are included within property, plant and equipment and the lease liabilities are included within other liabilities. The Barclays Bank Group applies the recognition exemption in IFRS 16 for leases with a term not exceeding 12 months. For these leases the lease payments are recognised as an expense on a straight line basis over the lease term unless another systematic basis is more appropriate. When the Barclays Bank Group is the lessor, the lease must be classified as either a finance lease or an operating lease. A finance lease is a lease which confers substantially all the risks and rewards of the leased assets on the lessee. An operating lease is a lease where substantially all of the risks and rewards of the leased asset remain with the lessor. When the lease is deemed a finance lease, the leased asset is not held on the balance sheet; instead a finance lease receivable is recognised representing the minimum lease payments receivable under the terms of the lease, discounted at the rate of interest implicit in the lease. When the lease is deemed an operating lease, the lease income is recognised on a straight-line basis over the period of the lease unless another systematic basis is more appropriate. The Barclays Bank Group holds the leased assets on balance sheet within property, plant and equipment. |
Accounting for goodwill and intangible assets | Accounting for goodwill and intangible assets Goodwill The carrying value of goodwill is determined in accordance with IFRS 3 Business Combinations and IAS 36 Impairment of Assets. Goodwill arising on the acquisition of subsidiaries represents the excess of the fair value of the purchase consideration over the fair value of the Barclays Bank Group’s share of the assets acquired and the liabilities and contingent liabilities assumed on the date of the acquisition. Goodwill is reviewed annually for impairment, or more frequently when there are indications that impairment may have occurred. The test involves comparing the carrying value of the cash generating unit (CGU) including goodwill with the present value of the pre-tax cash flows, discounted at a rate of interest that reflects the inherent risks, of the CGU to which the goodwill relates, or the CGU's fair value if this is higher. Intangible assets Intangible assets other than goodwill are accounted for in accordance with IAS 38 Intangible Assets. Intangible assets are initially recognised when they are separable or arise from contractual or other legal rights, the cost can be measured reliably and, in the case of intangible assets not acquired in a business combination, where it is probable that future economic benefits attributable to the assets will flow from their use. For internally generated intangible assets, only costs incurred during the development phase are capitalised. Expenditure in the research phase is expensed when it is incurred. Intangible assets are stated at cost (which is, in the case of assets acquired in a business combination, the acquisition date fair value) less accumulated amortisation and provisions for impairment, if any, and are amortised over their useful lives in a manner that reflects the pattern to which they contribute to future cash flows, generally using the amortisation periods set out below: Annual rates in calculating amortisation Amortisation period Goodwill Not amortised Internally generated software a 12 months to 6 years Other software 12 months to 6 years Customer lists 12 months to 25 years Licences and other 12 months to 25 years Note a Exceptions to the above period relate to useful lives of certain core banking platforms that are assessed individually and, if appropriate, amortised over longer periods ranging from 10 years to 15 years. |
Accounting for provisions | Accounting for provisions The Barclays Bank Group applies IAS 37 Provisions, Contingent Liabilities and Contingent Assets in accounting for non-financial liabilities. Provisions are recognised for present obligations arising as consequences of past events where it is more likely than not that a transfer of economic benefit will be necessary to settle the obligation, which can be reliably estimated. Provision is made for the anticipated cost of restructuring, including redundancy costs, when an obligation exists; for example, when the Barclays Bank Group has a detailed formal plan for restructuring a business and has raised valid expectations in those affected by the restructuring by announcing its main features or starting to implement the plan. Critical accounting estimates and judgements The financial reporting of provisions involves a significant degree of judgement and is complex. Identifying whether a present obligation exists and estimating the probability, timing, nature and quantum of the outflows that may arise from past events requires judgements to be made based on the specific facts and circumstances relating to individual events and often requires specialist professional advice. When matters are at an early stage, accounting judgements and estimates can be difficult because of the high degree of uncertainty involved. Management continues to monitor matters as they develop to re-evaluate on an ongoing basis whether provisions should be recognised, however there can remain a wide range of possible outcomes and uncertainties, particularly in relation to legal, competition and regulatory matters, and as a result it is often not practicable to make meaningful estimates even when matters are at a more advanced stage. The complexity of such matters often requires the input of specialist professional advice in making assessments to produce estimates. Customer redress and legal, competition and regulatory matters are areas where a higher degree of professional judgement is required. The amount that is recognised as a provision can also be very sensitive to the assumptions made in calculating it. This gives rise to a large range of potential outcomes which require judgement in determining an appropriate provision level. See Note 25 for more detail of legal, competition and regulatory matters. |
Accounting for contingent liabilities | Accounting for contingent liabilities Contingent liabilities are possible obligations whose existence will be confirmed only by uncertain future events and present obligations where the transfer of economic resources is uncertain or cannot be reliably measured. Contingent liabilities are not recognised on the balance sheet but are disclosed unless the likelihood of an outflow of economic resources is remote. |
Accounting for subordinated liabilities | Accounting for subordinated liabilities Subordinated liabilities are measured at amortised cost using the effective interest method under IFRS 9, unless they are irrevocably designated at fair value through profit or loss at initial recognition because such designation eliminates or significantly reduces an accounting mismatch. Refer to Note 15 for details about accounting for liabilities designated at fair value through profit or loss. |
Accounting for staff costs, pensions and post-retirement benefits | Accounting for staff costs The Barclays Bank Group applies IAS 19 Employee benefits in its accounting for most of the components of staff costs. Short-term employee benefits – salaries, accrued performance costs and social security are recognised over the period in which the employees provide the services to which the payments relate. Performance costs – recognised to the extent that the Barclays Bank Group has a present obligation to its employees that can be measured reliably and are recognised over the period of service that employees are required to work to qualify for the payments. Deferred cash and share awards are made to employees to incentivise performance over the period employees provide services. To receive payment under an award, employees must provide service over the vesting period. The period over which the expense for deferred cash and share awards is recognised is based upon the period employees consider their services contribute to the awards. For past awards, the Barclays Bank Group considers that it is appropriate to recognise the awards over the period from the date of grant to the date that the awards vest. In relation to awards granted from 2017, the Barclays Bank Group, taking into account the changing employee understanding surrounding those awards, considered it appropriate for expense to be recognised over the vesting period including the financial year prior to the grant date. The accounting policies for share-based payments, and pensions and other post-retirement benefits, are included in Note 30 and Note 31 respectively. Accounting for pensions and post-retirement benefits The Barclays Bank Group operates a number of pension schemes and post-employment benefit schemes. Defined contribution schemes – the Barclays Bank Group recognises contributions due in respect of the accounting period in the income statement. Any contributions unpaid at the balance sheet date are included as a liability. Defined benefit schemes – the Barclays Bank Group recognises its obligations to members of each scheme at the period end, less the fair value of the scheme assets after applying the asset ceiling test. Each scheme’s obligations are calculated using the projected unit credit method. Scheme assets are stated at fair value as at the period end. Changes in pension scheme liabilities or assets (remeasurements) that do not arise from regular pension cost, net interest on net defined benefit liabilities or assets, past service costs, settlements or contributions to the scheme are recognised in other comprehensive income. Remeasurements comprise experience adjustments (differences between previous actuarial assumptions and what has actually occurred), the effects of changes in actuarial assumptions, return on scheme assets (excluding amounts included in the interest on the assets) and any changes in the effect of the asset ceiling restriction (excluding amounts included in the interest on the restriction). Post-employment benefit schemes – the cost of providing healthcare benefits to retired employees is accrued as a liability in the financial statements over the period that the employees provide services to the Barclays Bank Group, using a methodology similar to that for defined benefit pension schemes. |
Accounting for share-based payments | Accounting for share-based payments The Barclays Bank Group applies IFRS 2 Share-based Payments in accounting for employee remuneration in the form of shares. Employee incentives include awards in the form of shares and share options, as well as offering employees the opportunity to purchase shares on favourable terms. The cost of the employee services received in respect of the shares or share options granted is recognised in the income statement over the period that employees provide services. The overall cost of the award is calculated using the number of shares and options expected to vest and the fair value of the shares or options at the date of grant. The number of shares and options expected to vest takes into account the likelihood that performance and service conditions included in the terms of the awards will be met. Failure to meet the non-vesting condition is treated as a cancellation, resulting in an acceleration of recognition of the cost of the employee services. The fair value of shares is the market price ruling on the grant date, in some cases adjusted to reflect restrictions on transferability. The fair value of options granted is determined using the Black Scholes model to estimate the numbers of shares likely to vest. The model takes into account the exercise price of the option, the current share price, the risk-free interest rate, the expected volatility of the share price over the life of the option and other relevant factors. Market conditions that must be met in order for the award to vest are also reflected in the fair value of the award, as are any other non-vesting conditions – such as continuing to make payments into a share-based savings scheme. |
Accounting for investment in subsidiaries | Accounting for investment in subsidiaries In the individual financial statements of Barclays Bank PLC, investments in subsidiaries are stated at cost less impairment. |
Accounting for associates and joint ventures | Accounting for associates and joint ventures The Barclays Bank Group applies IAS 28 Investments in Associates and IFRS 11 Joint Arrangements . Associates are entities in which the Barclays Bank Group has significant influence, but not control, over the operating and financial policies. Generally the Barclays Bank Group holds more than 20% but less than 50% of their voting shares. Joint ventures are arrangements where the Barclays Bank Group has joint control and rights to the net assets of the entity. The Barclays Bank Group’s investments in associates and joint ventures are initially recorded at cost and increased (or decreased) each year by the Barclays Bank Group’s share of the post acquisition profit/(loss). The Barclays Bank Group ceases to recognise its share of the losses of equity accounted associates when its share of the net assets and amounts due from the entity have been written off in full, unless it has a contractual or constructive obligation to make good its share of the losses. In some cases, investments in these entities may be held at fair value through profit or loss, for example, those held by private equity businesses. |
Accounting for securitisations | Accounting for securitisations The Barclays Bank Group uses securitisations as a source of finance and a means of risk transfer. Such transactions generally result in the transfer of contractual cash flows from portfolios of financial assets to holders of issued debt securities. Securitisations may, depending on the individual arrangement, result in continued recognition of the securitised assets and the recognition of the debt securities issued in the transaction; lead to partial continued recognition of the assets to the extent of the Barclays Bank Group’s continuing involvement in those assets or lead to derecognition of the assets and the separate recognition, as assets or liabilities, of any rights and obligations created or retained in the transfer. Full derecognition only occurs when the Barclays Bank Group transfers both its contractual right to receive cash flows from the financial assets, or retains the contractual rights to receive the cash flows, but assumes a contractual obligation to pay the cash flows to another party without material delay or reinvestment, and also transfers substantially all the risks and rewards of ownership, including credit risk, prepayment risk and interest rate risk. |
Accounting for assets pledged, collateral received and assets transferred | Assets are pledged or transferred as collateral to secure liabilities under repurchase agreements, securitisations and stock lending agreements or as security deposits relating to derivatives. Assets transferred are non-cash assets transferred to a third party that do not qualify for derecognition from the Barclays Bank Group’s balance sheet, for example because the Barclays Bank Group retains substantially all the exposure to those assets under an agreement to repurchase them in the future for a fixed price. Where non-cash assets are pledged or transferred as collateral for cash received, the asset continues to be recognised in full, and a related liability is also recognised on the balance sheet. Where non-cash assets are pledged or transferred as collateral in an exchange for non-cash assets, the transferred asset continues to be recognised in full, and there is no associated liability as the non-cash collateral received is not recognised on the balance sheet. The Barclays Bank Group is unable to use, sell or pledge the transferred assets for the duration of the transaction and remains exposed to interest rate risk and credit risk on these pledged assets. Unless stated, the counterparty's recourse is not limited to the transferred assets. |
Other disclosures - Risk Mana_2
Other disclosures - Risk Management and Principal Risks Other disclosures - Risk Management and Principal Risks (audited) (Tables) | 12 Months Ended |
Dec. 31, 2022 | |
Disclosure of credit risk exposure [abstract] | |
Maximum exposure and effects of collateral and other credit enhancements (audited) | Maximum exposure and effect of netting, collateral and risk transfer (audited) Maximum exposure Netting and set-off Cash collateral Non-cash collateral Risk transfer Net exposure Barclays Bank Group As at 31 December 2022 £m £m £m £m £m £m On-balance sheet: Cash and balances at central banks 202,142 — — — — 202,142 Cash collateral and settlement balances 107,862 — — — — 107,862 Loans and advances at amortised cost: Home loans 11,405 — (328) (10,948) (98) 31 Credit cards, unsecured loans and other retail lending 34,162 — (1,164) (3,748) (243) 29,007 Wholesale loans 136,940 (4,442) (653) (49,681) (5,527) 76,637 Total loans and advances at amortised cost 182,507 (4,442) (2,145) (64,377) (5,868) 105,675 Of which credit-impaired (Stage 3): Home loans 622 — (1) (621) — — Credit cards, unsecured loans and other retail lending 670 — (29) (291) (3) 347 Wholesale loans 640 — (6) (188) (60) 386 Total credit-impaired loans and advances at amortised cost 1,932 — (36) (1,100) (63) 733 Reverse repurchase agreements and other similar secured lending 725 — — (725) — — Trading portfolio assets: Debt securities 55,430 — — (530) — 54,900 Traded loans 13,198 — — (250) (48) 12,900 Total trading portfolio assets 68,628 — — (780) (48) 67,800 Financial assets at fair value through the income statement: Loans and advances 38,190 — (17) (30,061) (9) 8,103 Debt securities 3,217 — — (321) — 2,896 Reverse repurchase agreements 164,698 — (3,672) (160,365) — 661 Other financial assets 89 — — — — 89 Total financial assets at fair value through the income statement 206,194 — (3,689) (190,747) (9) 11,749 Derivative financial instruments 302,976 (238,062) (34,496) (11,424) (7,275) 11,719 Financial assets at fair value through other comprehensive income 45,083 — — (222) (514) 44,347 Other assets 1,503 — — — — 1,503 Total on-balance sheet 1,117,620 (242,504) (40,330) (268,275) (13,714) 552,797 Off-balance sheet: Contingent liabilities 25,800 — (1,295) (1,596) (280) 22,629 Loan commitments 334,977 — (93) (37,371) (1,624) 295,889 Total off-balance sheet 360,777 — (1,388) (38,967) (1,904) 318,518 Total 1,478,397 (242,504) (41,718) (307,242) (15,618) 871,315 Off-balance sheet exposures are shown gross of provisions of £532m (2021: £499m). See Note 24 for further details. In addition to the above, Barclays Bank Group holds forward starting reverse repos amounting to £48.4bn (2021: £39.3bn). The balances are fully collateralised. Wholesale loans and advances at amortised cost include £0.6bn (2021: £1.0bn) of CBILs and CLBILs supported by UK government guarantees of £0.5bn (2021: £0.8bn). For further information on credit risk mitigation techniques, refer to the Credit risk management section. Maximum exposure and effects of netting, collateral and risk transfer (audited) Maximum exposure Netting and set-off Cash collateral Non-cash collateral Risk transfer Net exposure Barclays Bank Group As at 31 December 2021 £m £m £m £m £m £m On-balance sheet: Cash and balances at central banks 169,085 — — — — 169,085 Cash collateral and settlement balances 88,085 — — — — 88,085 Loans and advances at amortised cost: Home loans 10,985 — (338) (10,483) (89) 75 Credit cards, unsecured loans and other retail lending 25,960 — (968) (4,229) (252) 20,511 Wholesale loans 108,314 (5,001) (118) (30,287) (5,080) 67,828 Total loans and advances at amortised cost 145,259 (5,001) (1,424) (44,999) (5,421) 88,414 Of which credit-impaired (Stage 3): Home loans 615 — (11) (604) — — Credit cards, unsecured loans and other retail lending 563 — (29) (217) (3) 314 Wholesale loans 486 — 0 (76) (22) 388 Total credit-impaired loans and advances at amortised cost 1,664 — (40) (897) (25) 702 Reverse repurchase agreements and other similar secured lending 3,177 — — (3,177) — — Trading portfolio assets: Debt securities 50,700 — — (461) — 50,239 Traded loans 12,525 — — (268) — 12,257 Total trading portfolio assets 63,225 — — (729) — 62,496 Financial assets at fair value through the income statement: Loans and advances 35,901 — — (29,485) — 6,416 Debt securities 2,256 — — (319) — 1,937 Reverse repurchase agreements 145,186 — (1,428) (143,229) — 529 Other financial assets 85 — — — — 85 Total financial assets at fair value through the income statement 183,428 — (1,428) (173,033) — 8,967 Derivative financial instruments 262,291 (202,347) (34,149) (5,804) (5,738) 14,253 Financial assets at fair value through other comprehensive income 45,907 — — (53) (931) 44,923 Other assets 994 — — — — 994 Total on-balance sheet 961,451 (207,348) (37,001) (227,795) (12,090) 477,217 Off-balance sheet: Contingent liabilities 23,746 — (906) (1,367) (256) 21,217 Loan commitments 284,451 — (99) (40,104) (1,627) 242,621 Total off-balance sheet 308,197 — (1,005) (41,471) (1,883) 263,838 Total 1,269,648 (207,348) (38,006) (269,266) (13,973) 741,055 |
Loans and advances at amortised cost by product (audited) | The table below presents a breakdown of loans and advances at amortised cost and the impairment allowance with stage allocation by asset classification. Impairment allowance under IFRS 9 considers both the drawn and the undrawn counterparty exposure. For retail portfolios, the total impairment allowance is allocated to the gross loans and advances to the extent that the allowance does not exceed the drawn exposure and any excess is reported on the liability side of the balance sheet as a provision. For wholesale portfolios the impairment allowance on the undrawn exposure is reported on the liability side of the balance sheet as a provision . Barclays Bank Group (audited) Stage 2 As at 31 December 2022 Stage 1 Not past due <=30 days past due >30 days past due Total Stage 3 Total a Gross exposure £m £m £m £m £m £m £m Home loans 10,458 310 11 41 362 978 11,798 Credit cards, unsecured loans and other retail lending 30,501 3,799 291 496 4,586 1,674 36,761 Wholesale loans 122,849 13,763 145 93 14,001 918 137,768 Total 163,808 17,872 447 630 18,949 3,570 186,327 Impairment allowance Home loans 12 22 2 1 25 356 393 Credit cards, unsecured loans and other retail lending 393 939 92 171 1,202 1,004 2,599 Wholesale loans 288 256 5 1 262 278 828 Total 693 1,217 99 173 1,489 1,638 3,820 Net exposure Home loans 10,446 288 9 40 337 622 11,405 Credit cards, unsecured loans and other retail lending 30,108 2,860 199 325 3,384 670 34,162 Wholesale loans 122,561 13,507 140 92 13,739 640 136,940 Total 163,115 16,655 348 457 17,460 1,932 182,507 Coverage ratio % % % % % % % Home loans 0.1 7.1 18.2 2.4 6.9 36.4 3.3 Credit cards, unsecured loans and other retail lending 1.3 24.7 31.6 34.5 26.2 60.0 7.1 Wholesale loans 0.2 1.9 3.4 1.1 1.9 30.3 0.6 Total 0.4 6.8 22.1 27.5 7.9 45.9 2.1 As at 31 December 2021 Gross exposure £m £m £m £m £m £m £m Home loans 9,760 548 22 83 653 958 11,371 Credit cards, unsecured loans and other retail lending 24,011 2,402 198 182 2,782 1,469 28,262 Wholesale loans 95,242 12,275 301 386 12,962 921 109,125 Total 129,013 15,225 521 651 16,397 3,348 148,758 Impairment allowance Home loans 8 33 1 1 35 343 386 Credit cards, unsecured loans and other retail lending 605 677 39 75 791 906 2,302 Wholesale loans 183 188 3 2 193 435 811 Total 796 898 43 78 1,019 1,684 3,499 Net exposure Home loans 9,752 515 21 82 618 615 10,985 Credit cards, unsecured loans and other retail lending 23,406 1,725 159 107 1,991 563 25,960 Wholesale loans 95,059 12,087 298 384 12,769 486 108,314 Total 128,217 14,327 478 573 15,378 1,664 145,259 Coverage ratio % % % % % % % Home loans 0.1 6.0 4.5 1.2 5.4 35.8 3.4 Credit cards, unsecured loans and other retail lending 2.5 28.2 19.7 41.2 28.4 61.7 8.1 Wholesale loans 0.2 1.5 1.0 0.5 1.5 47.2 0.7 Total 0.6 5.9 8.3 12.0 6.2 50.3 2.4 Note a. Other financial assets subject to impairment excluded in the table above include cash collateral and settlement balances, financial assets at fair value through other comprehensive income, accrued income and sundry debtors. These have a total gross exposure of £155.1bn (2021: £135.5bn) and impairment allowance of £152m (2021: £104m). This comprises £7m (2021: £4m) ECL on £153.8bn (2021: £135.3bn) Stage 1 assets, £8m (2021: £0m) on £1,142m (2021: £65m) Stage 2 fair value through other comprehensive income assets, cash collateral and settlement assets and £137m (2021: £100m) on £141m (2021: £100m) Stage 3 other assets. Loan commitments and financial guarantee contracts have total ECL of £532m (2021: £499m). |
Movement in gross exposures and impairment allowance (audited) | The following tables present a reconciliation of the opening to the closing balance of the exposure and impairment allowance. An explanation of the methodology used to determine credit impairment provisions is included on pages 137 Loans and advances at amortised cost (audited) Stage 1 Stage 2 Stage 3 Total Barclays Bank Group Gross ECL Gross ECL Gross ECL Gross ECL £m £m £m £m £m £m £m £m Home loans As at 1 January 2022 9,760 8 653 35 958 343 11,371 386 Transfers from Stage 1 to Stage 2 (179) — 179 — — — — — Transfers from Stage 2 to Stage 1 393 16 (393) (16) — — — — Transfers to Stage 3 (192) — (39) (4) 231 4 — — Transfers from Stage 3 18 1 33 3 (51) (4) — — Business activity in the year a 1,887 5 — — — — 1,887 5 Refinements to models used for calculation — — — — — — — — Net drawdowns, repayments, net re-measurement and movements due to exposure and risk parameter changes (131) (17) (7) 8 8 39 (130) 30 Final repayments b (1,098) (1) (64) (1) (145) (3) (1,307) (5) Disposals — — — — — — — — Write-offs c — — — — (23) (23) (23) (23) As at 31 December 2022 d 10,458 12 362 25 978 356 11,798 393 Credit cards, unsecured loans and other retail lending As at 1 January 2022 24,011 605 2,782 791 1,469 906 28,262 2,302 Transfers from Stage 1 to Stage 2 (2,009) (40) 2,009 40 — — — — Transfers from Stage 2 to Stage 1 1,046 218 (1,046) (218) — — — — Transfers to Stage 3 (456) (14) (404) (166) 860 180 — — Transfers from Stage 3 51 11 8 5 (59) (16) — — Business activity in the year a 7,668 138 319 113 126 101 8,113 352 Refinements to models used for calculation e — 43 — 187 — 96 — 326 Net drawdowns, repayments, net re-measurement and movements due to exposure and risk parameter changes 3,236 (545) 1,182 473 155 453 4,573 381 Final repayments b (2,887) (19) (235) (12) (150) (11) (3,272) (42) Disposals f (159) (4) (29) (11) (48) (26) (236) (41) Write-offs c — — — — (679) (679) (679) (679) As at 31 December 2022 d 30,501 393 4,586 1,202 1,674 1,004 36,761 2,599 Wholesale loans As at 1 January 2022 95,242 183 12,962 193 921 435 109,125 811 Transfers from Stage 1 to Stage 2 (3,684) (7) 3,684 7 — — — — Transfers from Stage 2 to Stage 1 4,573 44 (4,573) (44) — — — — Transfers to Stage 3 (254) (1) (207) (5) 461 6 — — Transfers from Stage 3 55 6 29 1 (84) (7) — — Business activity in the year a 34,522 55 3,956 80 9 6 38,487 141 Refinements to models used for calculation e — 2 — (24) — — — (22) Net drawdowns, repayments, net re-measurement and movements due to exposure and risk parameter changes 21,238 39 1,738 95 28 204 23,004 338 Final repayments b (27,331) (33) (3,557) (41) (93) (44) (30,981) (118) Disposals f (1,512) — (31) — (49) (47) (1,592) (47) Write-offs c — — — — (275) (275) (275) (275) As at 31 December 2022 d 122,849 288 14,001 262 918 278 137,768 828 Notes a. Business activity in the year does not include additional drawdowns on the existing facility which are reported under 'Net drawdowns, repayments, net re-measurement and movements due to exposure and risk parameter changes'. Business activity reported within Credit cards, unsecured loans and other retail lending portfolio includes the Gap portfolio acquisition in US cards of £2.7bn. b. Final repayments include repayment from the facility closed during the year whereas partial repayments from existing facility are reported under 'Net drawdowns, repayments, net remeasurement and movements due to exposure and risk parameter changes'. c. In 2022, gross write-offs amounted to £977m (2021: £1,158m) and post write-off recoveries amounted to £33m (2021: £31m). Net write-offs represent gross write-offs less post write-off recoveries and amounted to £944m (2021: £1,127m). d. Other financial assets subject to impairment excluded in the table above include cash collateral and settlement balances, financial assets at fair value through other comprehensive income, accrued income and sundry debtors. These have a total gross exposure of £155.1bn (2021: £135.5bn) and impairment allowance of £152m (2021: £104m). This comprises £7m (2021: £4m) ECL on £153.8bn (2021: £135.3bn) Stage 1 assets, £8m (2021: £0m) on £1,142m (2021: £65m) Stage 2 fair value through other comprehensive income assets, cash collateral and settlement assets and £137m (2021: £100m) on £141m (2021: £100m) Stage 3 other assets. e. Refinements to models used for calculation include £326m in Credit cards, unsecured loans and other retail lending and £(22)m in Wholesale loans. These reflect model enhancements made during the year. Barclays Bank Group continually reviews the output of models to determine accuracy of the ECL calculation including review of model monitoring, external benchmarking and experience of model operation over an extended period of time. This ensures that the models used continue to reflect the risks inherent across the businesses. f. The £0.2bn of disposals reported within Credit cards, unsecured loans and other retail lending portfolio relate to debt sales undertaken during the year. The £1.6bn of disposals reported within Wholesale loans include sale of debt securities as part of Group Treasury operations. Reconciliation of ECL movement to credit impairment charge/(release) for the period Stage 1 Stage 2 Stage 3 Total £m £m £m £m Home loans 4 (10) 36 30 Credit cards, unsecured loans and other retail lending (208) 422 803 1,017 Wholesale loans 105 69 165 339 ECL movement excluding assets derecognised due to disposals and write-offs (99) 481 1,004 1,386 ECL movement on loan commitments and financial guarantees 31 1 1 33 ECL movement on other financial assets a 3 8 37 48 Recoveries and reimbursements b (121) (61) (46) (228) Total exchange and other adjustments c (306) Total credit impairment charge for the year 933 Notes a. Other financial assets subject to impairment excluded in the table above include cash collateral and settlement balances, financial assets at fair value through other comprehensive income, accrued income and sundry debtors. These have a total gross exposure of £155.1bn (2021: £135.5bn) and impairment allowance of £152m (2021: £104m). This comprises £7m (2021: £4m) ECL on £153.8bn (2021: £135.3bn) Stage 1 assets, £8m (2021: £0m) on £1,142m (2021: £65m) Stage 2 fair value through other comprehensive income assets, cash collateral and settlement assets and £137m (2021: £100m) on £141m (2021: £100m) Stage 3 other assets. b. Recoveries and reimbursements includes £195m of reimbursements expected to be received under the arrangement where Barclays Bank Group has entered into financial guarantee contracts which provide credit protection over certain assets with third parties and cash recoveries of previously written off amounts of £33m. c. Includes foreign exchange and interest and fees in suspense. Loan commitments and financial guarantees (audited) Stage 1 Stage 2 Stage 3 Total Barclays Bank Group Gross ECL Gross ECL Gross ECL Gross ECL £m £m £m £m £m £m £m £m Home loans As at 1 January 2022 53 — — — 1 — 54 — Net transfers between stages (5) — 1 — 4 — — — Business activity in the year 26 — — — — — 26 — Net drawdowns, repayments, net re-measurement and movement due to exposure and risk parameter changes 4 — — — — — 4 — Limit management and final repayments (17) — — — — — (17) — As at 31 December 2022 61 — 1 — 5 — 67 — Credit cards, unsecured loans and other retail lending As at 1 January 2022 78,655 36 3,214 33 32 20 81,901 89 Net transfers between stages (1,457) 30 1,328 (24) 129 (6) — — Business activity in the year 36,388 24 375 25 12 2 36,775 51 Net drawdowns, repayments, net re-measurement and movement due to exposure and risk parameter changes 10,749 (37) (1,653) 36 (72) 7 9,024 6 Limit management and final repayments (6,877) (6) (400) (18) (6) (2) (7,283) (26) As at 31 December 2022 117,458 47 2,864 52 95 21 120,417 120 Wholesale loans As at 1 January 2022 178,006 167 28,417 241 1,017 2 207,440 410 Net transfers between stages 6,139 60 (6,073) (64) (66) 4 — — Business activity in the year 43,676 28 4,233 54 15 — 47,924 82 Net drawdowns, repayments, net re-measurement and movement due to exposure and risk parameter changes 27,913 (39) 5,993 58 143 (2) 34,049 17 Limit management and final repayments (54,184) (29) (9,509) (66) (321) (2) (64,014) (97) As at 31 December 2022 201,550 187 23,061 223 788 2 225,399 412 Loans and advances at amortised cost (audited) Stage 1 Stage 2 Stage 3 Total Barclays Bank Group Gross ECL Gross ECL Gross ECL Gross ECL £m £m £m £m £m £m £m £m Home loans As at 1 January 2021 9,627 6 901 52 1,099 376 11,627 434 Transfers from Stage 1 to Stage 2 (253) — 253 — — — — — Transfers from Stage 2 to Stage 1 331 22 (331) (22) — — — — Transfers to Stage 3 (80) — (52) (5) 132 5 — — Transfers from Stage 3 22 — 49 4 (71) (4) — — Business activity in the year a 1,745 2 — — — — 1,745 2 Refinements to models used for calculation b — — — (4) — 38 — 34 Net drawdowns, repayments, net re-measurement and movements due to exposure and risk parameter changes (742) (22) (25) 11 (70) (50) (837) (61) Final repayments c (890) — (142) (1) (114) (4) (1,146) (5) Disposals — — — — — — — — Write-offs d — — — — (18) (18) (18) (18) As at 31 December 2021 e 9,760 8 653 35 958 343 11,371 386 Credit cards, unsecured loans and other retail lending As at 1 January 2021 18,923 399 5,571 1,327 1,853 1,253 26,347 2,979 Transfers from Stage 1 to Stage 2 (897) (41) 897 41 — — — — Transfers from Stage 2 to Stage 1 2,520 548 (2,520) (548) — — — — Transfers to Stage 3 (307) (13) (362) (165) 669 178 — — Transfers from Stage 3 21 5 13 9 (34) (14) — — Business activity in the year a 4,731 84 106 23 16 5 4,853 112 Refinements to models used for calculation b — (3) — (27) — — — (30) Net drawdowns, repayments, net re-measurement and movements due to exposure and risk parameter changes 509 (360) (514) 147 (96) 337 (101) 124 Final repayments c (1,489) (14) (409) (16) (76) (5) (1,974) (35) Disposals f — — — — (37) (22) (37) (22) Write-offs d — — — — (826) (826) (826) (826) As at 31 December 2021 e 24,011 605 2,782 791 1,469 906 28,262 2,302 Wholesale loans As at 1 January 2021 83,254 280 15,938 533 2,167 840 101,359 1,653 Transfers from Stage 1 to Stage 2 (4,122) (14) 4,122 14 — — — — Transfers from Stage 2 to Stage 1 5,454 179 (5,454) (179) — — — — Transfers to Stage 3 (32) (1) (164) (12) 196 13 — — Transfers from Stage 3 363 3 145 5 (508) (8) — — Business activity in the year a 27,946 74 1,674 15 37 23 29,657 112 Refinements to models used for calculation b — — — 3 — — — 3 Net drawdowns, repayments, net re-measurement and movements due to exposure and risk parameter changes 2,448 (301) 1,072 (14) (82) 47 3,438 (268) Final repayments c (19,481) (29) (4,322) (168) (504) (125) (24,307) (322) Disposals f (588) (8) (49) (4) (71) (41) (708) (53) Write-offs d — — — — (314) (314) (314) (314) As at 31 December 2021 e 95,242 183 12,962 193 921 435 109,125 811 Notes a. Business activity during the year does not include additional drawdowns on the existing facility which are reported under 'Net drawdowns, repayments, net re-measurement and movements due to exposure and risk parameter changes'. b. Refinements to models used for calculation include £34m movement in Home loans, £(30)m in Credit cards, unsecured loans and other retail lending and £3m in Wholesale loans. These reflect enhancements made during the year. Barclays continually review the output of models to determine accuracy of the ECL calculation including review of model monitoring, external benchmarking and experience of model operation over an extended period of time. This ensures that the models used continue to reflect the risks inherent across the businesses. c. Final repayments include repayment from the facility closed during the year whereas partial repayments from existing facility are reported under 'Net drawdowns, repayments, net remeasurement and movements due to exposure and risk parameter changes'. d. In 2021, gross write-offs amounted to £1,158m (2020: £1,337m) and post write-off recoveries amounted to £31m (2020: £4m). Net write-offs represent gross write-offs less post write-off recoveries and amounted to £1,127m (2020: £1,333m). e. Other financial assets subject to impairment not included in the table above include cash collateral and settlement balances, financial assets at fair value through other comprehensive income, accrued income and sundry debtors. These have a total gross exposure of £135.5bn (2020: £150.3bn) and impairment allowance of £104m (2020: £145m). This comprises £4m (2020 £7m) ECL on £135.3bn (2020: £146.3bn) stage 1 assets , £0m (2020: £6m) on £65m (2020: £3.8bn) stage 2 fair value through other comprehensive income assets, cash collateral and settlement assets and £100m (2020: £132m) on £100m (2020: £132m) Stage 3 other assets . f. The £37m of disposals reported within Credit cards, unsecured loans and other retail lending portfolio relate to debt sales undertaken during the year. The £708m of disposal reported within Wholesale loans include debt sales and sale of Barclays Asset Finance. Reconciliation of ECL movement to credit impairment (release)/charge for the period Stage 1 Stage 2 Stage 3 Total £m £m £m £m Home loans 2 (17) (15) (30) Credit cards, unsecured loans and other retail lending 206 (536) 501 171 Wholesale loans (89) (336) (50) (475) ECL movement excluding assets derecognised due to disposals and write-offs 119 (889) 436 (334) ECL movement on loan commitments and financial guarantees (36) (205) (29) (270) ECL movement on other financial assets a (3) (6) (4) (13) Recoveries and reimbursements b 47 220 (8) 259 Total exchange and other adjustments c 81 Total credit impairment release for the year (277) Notes a. Other financial assets subject to impairment not included in the table above include cash collateral and settlement balances, financial assets at fair value through other comprehensive income, accrued income and sundry debtors. These have a total gross exposure of £135.5bn (2020: £150.3bn) and impairment allowance of £104m (2020: £145m). This comprises £4m ECL (2020 £7m) on £135.3bn stage 1 assets (2020: £146.3bn), £0m (2020: £6m) on £65m (2020: £3.8bn) stage 2 fair value through other comprehensive income assets, cash collateral and settlement assets and £100m (2020: £132m) on £100m (2020: £132m) Stage 3 other assets. b. Recoveries and reimbursements includes a net reduction in amounts recoverable from financial guarantee contracts held with third parties of £290m and cash recoveries of previously written off amounts to £31m. c. Includes foreign exchange and interest and fees in suspense. Loan commitments and financial guarantees (audited) Stage 1 Stage 2 Stage 3 Total Barclays Bank Group Gross ECL Gross ECL Gross ECL Gross ECL £m £m £m £m £m £m £m £m Home loans As at 1 January 2021 125 — 2 — 4 — 131 — Net transfers between stages — — — — — — — — Business activity in the year 19 — — — — — 19 — Net drawdowns, repayments, net re-measurement and movement due to exposure and risk parameter changes (4) — — — — — (4) — Limit management and final repayments (87) — (2) — (3) — (92) — As at 31 December 2021 53 — — — 1 — 54 — Credit cards, unsecured loans and other retail lending As at 1 January 2021 68,211 34 6,244 33 30 23 74,485 90 Net transfers between stages 2,992 (4) (3,431) (2) 439 6 — — Business activity in the year 10,628 — 410 — 2 — 11,040 — Net drawdowns, repayments, net re-measurement and movement due to exposure and risk parameter changes 3,712 6 585 2 (437) (9) 3,860 (1) Limit management and final repayments (6,888) — (594) — (2) — (7,484) — As at 31 December 2021 78,655 36 3,214 33 32 20 81,901 89 Wholesale loans As at 1 January 2021 160,404 205 39,426 446 2,031 28 201,861 679 Net transfers between stages 7,801 220 (6,730) (214) (1,071) (6) — — Business activity in the year 45,395 14 4,658 102 9 — 50,062 116 Net drawdowns, repayments, net re-measurement and movement due to exposure and risk parameter changes 10,551 (232) 2 12 539 (13) 11,092 (233) Limit management and final repayments (46,145) (40) (8,939) (105) (491) (7) (55,575) (152) As at 31 December 2021 178,006 167 28,417 241 1,017 2 207,440 410 |
Management adjustments to models for impairment and Economic uncertainty management adjustments to models for impairment (audited) | Management adjustments are captured through “Economic uncertainty” and “Other” adjustments presented by product below: Management adjustments to models for impairment allowance presented by product (audited) a Impairment allowance pre management adjustments b Economic uncertainty adjustments (a) Other adjustments (b) Management adjustments (a+b) Total impairment allowance c Proportion of Management adjustments to total impairment allowance As at 31 December 2022 £m £m £m £m £m % Home loans 393 — — — 393 — Credit cards, unsecured loans and other retail lending 2,627 2 90 92 2,719 3.4 Wholesale loans 1,354 95 (209) (114) 1,240 (9.2) Total 4,374 97 (119) (22) 4,352 (0.5) As at 31 December 2021 £m £m £m £m £m % Home loans 352 34 — 34 386 8.8 Credit cards, unsecured loans and other retail lending 1,425 771 195 966 2,391 40.4 Wholesale loans 1,079 244 (102) 142 1,221 11.6 Total 2,856 1,049 93 1,142 3,998 28.6 Economic uncertainty adjustments are presented by stage (audited) Stage 1 Stage 2 Stage 3 Total As at 31 December 2022 £m £m £m £m Home loans — — — — Credit cards, unsecured loans and other retail lending — 2 — 2 Wholesale loans 97 (2) — 95 Total 97 — — 97 As at 31 December 2021 £m £m £m £m Home loans — 23 11 34 Credit cards, unsecured loans and other retail lending 369 394 8 771 Wholesale loans 176 68 — 244 Total 545 485 19 1,049 Notes: a. Positive values reflect an increase in impairment allowance and negative values reflect a reduction in the impairment allowance . b. Includes £3.7bn (2021: £2.3bn) of modelled ECL, £0.3bn (2021: £0.5bn) of individually assessed impairments and £0.4bn (2021: £0.1bn) ECL from non-modelled exposures. c. Total impairment allowance consists of ECL stock on drawn and undrawn exposures. |
Macroeconomic variables used in the calculation of ECL and Scenario probability weighting (audited) | Baseline average macroeconomic variables used in the calculation of ECL 2022 2023 2024 2025 2026 As at 31 December 2022 % % % % % UK GDP a 3.3 (0.8) 0.9 1.8 1.9 UK unemployment b 3.7 4.5 4.4 4.1 4.2 UK HPI c 8.4 (4.7) (1.7) 2.2 2.2 UK bank rate 1.8 4.4 4.1 3.8 3.4 US GDP a 1.8 0.5 1.2 1.5 1.5 US unemployment d 3.7 4.3 4.7 4.7 4.7 US HPI e 11.2 1.8 1.5 2.3 2.4 US federal funds rate 2.1 4.8 3.6 3.1 3.0 2021 2022 2023 2024 2025 As at 31 December 2021 % % % % % UK GDP a 6.2 4.9 2.3 1.9 1.7 UK unemployment b 4.8 4.7 4.5 4.3 4.2 UK HPI c 4.7 1.0 1.9 1.9 2.3 UK bank rate 0.1 0.8 1.0 1.0 0.8 US GDP a 5.5 3.9 2.6 2.4 2.4 US unemployment d 5.5 4.2 3.6 3.6 3.6 US HPI e 11.8 4.5 5.2 4.9 5.0 US federal funds rate 0.2 0.3 0.9 1.2 1.3 Downside 2 average macroeconomic variables used in the calculation of ECL 2022 2023 2024 2025 2026 As at 31 December 2022 % % % % % UK GDP a 3.3 (3.4) (3.8) 2.0 2.3 UK unemployment b 3.7 6.0 8.4 8.0 7.4 UK HPI c 8.4 (18.3) (18.8) (7.7) 8.2 UK bank rate 1.8 7.3 7.9 6.6 5.5 US GDP a 1.8 (2.7) (3.4) 2.0 2.6 US unemployment d 3.7 6.0 8.5 8.1 7.1 US HPI e 11.2 (3.1) (4.0) (1.9) 4.8 US federal funds rate 2.1 6.6 6.9 5.8 4.6 2021 2022 2023 2024 2025 As at 31 December 2021 % % % % % UK GDP a 6.2 0.2 (4.0) 2.8 4.3 UK unemployment b 4.8 7.2 9.0 7.6 6.3 UK HPI c 4.7 (14.3) (21.8) 11.9 15.2 UK bank rate 0.1 2.2 3.9 3.1 2.2 US GDP a 5.5 (0.8) (3.5) 2.5 3.2 US unemployment d 5.5 6.4 9.1 8.1 6.4 US HPI e 11.8 (6.6) (9.0) 5.9 6.7 US federal funds rate 0.2 2.1 3.4 2.6 2.0 Downside 1 average macroeconomic variables used in the calculation of ECL 2022 2023 2024 2025 2026 As at 31 December 2022 % % % % % UK GDP a 3.3 (2.1) (1.5) 1.9 2.1 UK unemployment b 3.7 5.2 6.4 6.0 5.8 UK HPI c 8.4 (11.7) (10.6) (2.8) 5.2 UK bank rate 1.8 5.9 6.1 5.3 4.6 US GDP a 1.8 (1.1) (1.1) 1.7 2.1 US unemployment d 3.7 5.1 6.6 6.4 5.9 US HPI e 11.2 (0.7) (1.3) 0.2 3.6 US federal funds rate 2.1 5.8 5.4 4.4 3.9 2021 2022 2023 2024 2025 As at 31 December 2021 % % % % % UK GDP a 6.2 2.8 (0.7) 2.3 2.9 UK unemployment b 4.8 6.2 6.8 6.0 5.3 UK HPI c 4.7 (6.8) (10.5) 6.9 8.6 UK bank rate 0.1 1.6 2.7 2.3 1.6 US GDP a 5.5 1.6 (0.4) 2.4 2.7 US unemployment d 5.5 5.4 6.6 6.1 5.2 US HPI e 11.8 (1.2) (2.1) 4.8 5.2 US federal funds rate 0.2 1.3 2.3 2.1 1.8 Upside 2 average macroeconomic variables used in the calculation of ECL 2022 2023 2024 2025 2026 As at 31 December 2022 % % % % % UK GDP a 3.3 2.8 3.7 2.9 2.4 UK unemployment b 3.7 3.5 3.4 3.4 3.4 UK HPI c 8.4 8.7 7.5 4.4 4.2 UK bank rate 1.8 3.1 2.6 2.5 2.5 US GDP a 1.8 3.3 3.5 2.8 2.8 US unemployment d 3.7 3.3 3.3 3.3 3.3 US HPI e 11.2 5.8 5.1 4.5 4.5 US federal funds rate 2.1 3.6 2.9 2.8 2.8 2021 2022 2023 2024 2025 As at 31 December 2021 % % % % % UK GDP a 6.2 7.2 4.0 2.7 2.1 UK unemployment b 4.8 4.5 4.1 4.0 4.0 UK HPI c 4.7 8.5 9.0 5.2 4.2 UK bank rate 0.1 0.2 0.5 0.5 0.3 US GDP a 5.5 5.3 4.1 3.5 3.4 US unemployment d 5.5 3.9 3.4 3.3 3.3 US HPI e 11.8 10.6 8.5 7.2 6.6 US federal funds rate 0.2 0.3 0.4 0.7 1.0 Upside 1 average macroeconomic variables used in the calculation of ECL 2022 2023 2024 2025 2026 As at 31 December 2022 % % % % % UK GDP a 3.3 1.0 2.3 2.4 2.1 UK unemployment b 3.7 4.0 3.9 3.8 3.8 UK HPI c 8.4 1.8 2.9 3.3 3.2 UK bank rate 1.8 3.5 3.3 3.0 2.8 US GDP a 1.8 1.9 2.3 2.2 2.2 US unemployment d 3.7 3.8 4.0 4.0 4.0 US HPI e 11.2 3.8 3.3 3.4 3.4 US federal funds rate 2.1 3.9 3.4 3.0 3.0 2021 2022 2023 2024 2025 As at 31 December 2021 % % % % % UK GDP a 6.2 6.0 3.1 2.3 1.9 UK unemployment b 4.8 4.6 4.3 4.2 4.1 UK HPI c 4.7 5.0 5.0 3.9 3.3 UK bank rate 0.1 0.6 0.8 0.8 0.5 US GDP a 5.5 4.6 3.4 2.9 2.9 US unemployment d 5.5 4.0 3.5 3.5 3.5 US HPI e 11.8 8.3 7.0 6.0 5.7 US federal funds rate 0.2 0.3 0.6 1.0 1.1 Notes a Average Real GDP seasonally adjusted change in year. b Average UK unemployment rate 16-year+. c Change in year end UK HPI = Halifax All Houses, All Buyers index, relative to prior year end. d Average US civilian unemployment rate 16-year+. e Change in year end US HPI = FHFA house price index, relative to prior year end. Scenario probability weighting (audited) a Upside 2 Upside 1 Baseline Downside 1 Downside 2 % % % % % As at 31 December 2022 Scenario probability weighting 10.9 23.1 39.4 17.6 9.0 As at 31 December 2021 Scenario probability weighting 20.9 27.2 30.1 14.8 7.0 Note a For further details on changes to scenario weights see page 67 Specific bases show the most extreme position of each variable in the context of the downside/upside scenarios, for example, the highest unemployment for downside scenarios, average unemployment for baseline scenarios and lowest unemployment for upside scenarios. GDP and HPI downside and upside scenario data represents the lowest and highest points relative to the start point in the 20 quarter period. Macroeconomic variables used in the calculation of ECL (specific bases) (audited) a Upside 2 Upside 1 Baseline Downside 1 Downside 2 % % % % % As at 31 December 2022 UK GDP b 13.9 9.4 1.4 (3.2) (6.8) UK unemployment c 3.4 3.6 4.2 6.6 8.5 UK HPI d 37.8 21.0 1.2 (17.9) (35.0) UK bank rate c 0.5 0.5 3.5 6.3 8.0 US GDP b 14.1 9.6 1.3 (2.5) (6.3) US unemployment c 3.3 3.6 4.4 6.7 8.6 US HPI d 35.0 27.5 3.8 3.7 0.2 US federal funds rate c 0.1 0.1 3.3 6.0 7.0 As at 31 December 2021 UK GDP b 21.4 18.3 3.4 (1.6) (1.6) UK unemployment c 4.0 4.1 4.5 7.0 9.2 UK HPI d 35.7 23.8 2.4 (12.7) (29.9) UK bank rate c 0.1 0.1 0.7 2.8 4.0 US GDP b 22.8 19.6 3.4 1.5 (1.3) US unemployment c 3.3 3.5 4.1 6.8 9.5 US HPI d 53.3 45.2 6.2 2.2 (5.0) US federal funds rate c 0.1 0.1 0.8 2.3 3.5 Average basis represents the average quarterly value of variables in the 20 quarter period with GDP and HPI based on yearly average and quarterly CAGRs respectively. Macroeconomic variables used in the calculation of ECL (5 year averages) (audited) a Upside 2 Upside 1 Baseline Downside 1 Downside 2 % % % % % As at 31 December 2022 UK GDP e 3.0 2.2 1.4 0.7 0.0 UK unemployment f 3.5 3.8 4.2 5.4 6.7 UK HPI g 6.6 3.9 1.2 (2.6) (6.4) UK bank rate f 2.5 2.9 3.5 4.7 5.8 US GDP e 2.9 2.1 1.3 0.7 0.0 US unemployment f 3.4 3.9 4.4 5.5 6.7 US HPI g 6.2 5.0 3.8 2.5 1.2 US federal funds rate f 2.8 3.1 3.3 4.3 5.2 As at 31 December 2021 UK GDP e 4.4 3.9 3.4 2.7 1.8 UK unemployment f 4.3 4.4 4.5 5.8 7.0 UK HPI g 6.3 4.4 2.4 0.3 (2.0) UK bank rate f 0.3 0.5 0.7 1.7 2.3 US GDP e 4.4 3.9 3.4 2.4 1.3 US unemployment f 3.9 4.0 4.1 5.7 7.1 US HPI g 8.9 7.7 6.2 3.6 1.4 US federal funds rate f 0.5 0.6 0.8 1.5 2.1 Notes a UK GDP = Real GDP growth seasonally adjusted; UK unemployment = UK unemployment rate 16-year+; UK HPI = Halifax All Houses, All Buyers Index; US GDP = Real GDP growth seasonally adjusted; US unemployment = US civilian unemployment rate 16-year+; US HPI = FHFA house price index. 20 quarter period starts from Q121 (2020: Q120). b Maximum growth relative to Q420 (2021: Q419), based on 20 quarter period in Upside scenarios; 5-year yearly average CAGR in Baseline; minimum growth relative to Q420 (2021: Q419), based on 20 quarter period in Downside scenarios. c Lowest quarter in Upside scenarios; 5-year average in Baseline; highest quarter in Downside scenarios. Period based on 20 quarters from Q121 (2021: Q120). d Maximum growth relative to Q420 (2021: Q419), based on 20 quarter period in Upside scenarios; 5-year quarter end CAGR in Baseline; minimum growth relative to Q420 (2021: Q419), based on 20 quarter period in Downside scenarios. e 5-year yearly average CAGR, starting 2021 (2021: 2020) f 5-year average. Period based on 20 quarters from Q121 (2021: Q120) g 5-year quarter end CAGR, starting Q420 (2021: Q419) |
ECL under 100% weighted scenarios for key modelled portfolios (audited) | The table below shows the Expected Credit Loss (ECL) assuming scenarios have been 100% weighted with the dispersion of results around the Baseline, highlighting the impact on exposure and ECL across the scenarios. Model exposure uses exposure at default (EAD) values and is not directly comparable to gross exposure used in prior disclosures. Scenarios As at 31 December 2022 Weighted a Upside 2 Upside 1 Baseline Downside 1 Downside 2 Stage 1 Model exposure (£m) Home loans 3,622 3,652 3,642 3,627 3,593 3,557 Credit cards, unsecured loans and other retail lending b, c 55,016 54,797 54,789 54,855 55,062 55,197 Wholesale loans 167,476 171,642 170,664 169,325 163,888 152,417 Stage 1 Model ECL (£m) Home loans 3 3 3 3 3 4 Credit cards, unsecured loans and other retail lending 436 415 427 438 445 452 Wholesale loans 287 220 243 273 337 379 Stage 1 Coverage (%) Home loans 0.1 0.1 0.1 0.1 0.1 0.1 Credit cards, unsecured loans and other retail lending 0.8 0.8 0.8 0.8 0.8 0.8 Wholesale loans 0.2 0.1 0.1 0.2 0.2 0.2 Stage 2 Model exposure (£m) Home loans 252 223 233 248 281 317 Credit cards, unsecured loans and other retail lending b, c 4,865 4,411 4,713 4,996 5,250 5,657 Wholesale loans 18,850 14,684 15,662 17,001 22,438 33,909 Stage 2 Model ECL (£m) Home loans 24 14 18 22 34 45 Credit cards, unsecured loans and other retail lending 1,173 1,037 1,105 1,173 1,269 1,402 Wholesale loans 521 360 411 482 682 1,092 Stage 2 Coverage (%) Home loans 9.5 6.3 7.7 8.9 12.1 14.2 Credit cards, unsecured loans and other retail lending 24.1 23.5 23.4 23.5 24.2 24.8 Wholesale loans 2.8 2.5 2.6 2.8 3.0 3.2 Stage 3 Model exposure (£m) d Home loans 583 583 583 583 583 583 Credit cards, unsecured loans and other retail lending 1,194 1,194 1,194 1,194 1,194 1,194 Wholesale loans — — — — — — Stage 3 Model ECL (£m) Home loans 319 308 313 317 328 337 Credit cards, unsecured loans and other retail lending 895 877 886 895 907 917 Wholesale loans e — — — — — — Stage 3 Coverage (%) Home loans 54.7 52.8 53.7 54.4 56.3 57.8 Credit cards, unsecured loans and other retail lending 75.0 73.5 74.2 75.0 76.0 76.8 Wholesale loans e — — — — — — Total Model ECL (£m) Home loans 346 325 334 342 365 386 Credit cards, unsecured loans and other retail lending 2,504 2,329 2,418 2,506 2,621 2,771 Wholesale loans e 808 580 654 755 1,019 1,471 Total ECL 3,658 3,234 3,406 3,603 4,005 4,628 Reconciliation to total ECL £m Total weighted model ECL 3,658 ECL from individually assessed impairments e 316 ECL from non-modelled and others 400 ECL from post model management adjustments f (22) Of which: ECL from economic uncertainty adjustments 97 Total ECL 4,352 Note a Model exposures are allocated to a stage based on an individual scenario rather than a probability-weighted approach, as required for Barclays reported impairment allowances. As a result, it is not possible to back solve the final reported weighted ECL from individual scenarios given balances may be assigned to a different stage dependent on the scenario. b For Credit cards, unsecured loans and other retail lending, the model exposure movement between stages 1 and 2 across scenarios differs due to additional impacts from the undrawn exposure. c For Credit cards, unsecured loans and other retail lending, the dispersion of results around Baseline has narrowed following model enhancements made during the year. d Model exposures allocated to Stage 3 does not change in any of the scenarios as the transition criteria relies only on an observable evidence of default as at 31st December 2022 and not on macroeconomic scenario. e Material wholesale loan defaults are individually assessed across different recovery strategies. As a result, ECL of £316m is reported as an individually assessed impairment in the reconciliation table. f Post Model Adjustments include negative adjustments reflecting operational post model adjustments. Scenarios As at 31 December 2021 Weighted a Upside 2 Upside 1 Baseline Downside 1 Downside 2 Stage 1 Model exposure (£m) Home loans 3,905 3,915 3,911 3,906 3,885 3,868 Credit cards, unsecured loans and other retail lending b, c 30,282 27,945 29,092 30,271 32,013 30,280 Wholesale loans 142,804 145,097 144,688 143,967 140,402 135,764 Stage 1 Model ECL (£m) Home loans 2 2 2 2 3 3 Credit cards, unsecured loans and other retail lending 221 157 164 173 254 332 Wholesale loans 219 189 200 216 250 282 Stage 1 Coverage (%) Home loans 0.1 0.1 0.1 0.1 0.1 0.1 Credit cards, unsecured loans and other retail lending 0.7 0.6 0.6 0.6 0.8 1.1 Wholesale loans 0.2 0.1 0.1 0.2 0.2 0.2 Stage 2 Model exposure (£m) Home loans 228 219 222 227 249 266 Credit cards, unsecured loans and other retail lending b, c 2,291 1,771 1,919 2,082 4,586 11,493 Wholesale loans 29,124 26,831 27,240 27,961 31,525 36,163 Stage 2 Model ECL (£m) Home loans 12 10 10 11 18 24 Credit cards, unsecured loans and other retail lending 365 264 295 333 599 2,278 Wholesale loans 506 395 420 462 712 1,229 Stage 2 Coverage (%) Home loans 5.3 4.6 4.5 4.8 7.2 9.0 Credit cards, unsecured loans and other retail lending 15.9 14.9 15.4 16.0 13.1 19.8 Wholesale loans 1.7 1.5 1.5 1.7 2.3 3.4 Stage 3 Model exposure (£m) d Home loans 610 610 610 610 610 610 Credit cards, unsecured loans and other retail lending 1,028 1,028 1,028 1,028 1,028 1,028 Wholesale loans 0 0 0 0 0 0 Stage 3 Model ECL (£m) Home loans 297 290 292 296 310 320 Credit cards, unsecured loans and other retail lending 696 685 690 696 710 722 Wholesale loans e 0 0 0 0 0 0 Stage 3 Coverage (%) Home loans 48.7 47.5 47.9 48.5 50.8 52.5 Credit cards, unsecured loans and other retail lending 67.7 66.6 67.1 67.7 69.1 70.2 Wholesale loans e 0.0 0.0 0.0 0.0 0.0 0.0 Total Model ECL (£m) Home loans 311 302 304 309 331 347 Credit cards, unsecured loans and other retail lending 1,282 1,106 1,149 1,202 1,563 3,332 Wholesale loans e 725 584 620 678 962 1,511 Total ECL 2,318 1,992 2,073 2,189 2,856 5,190 Reconciliation to total ECL £m Total weighted model ECL 2,318 ECL from individually assessed impairments e 463 ECL from non-modelled and others 75 ECL from post model management adjustments 1,142 Of which: ECL from economic uncertainty adjustments 1,049 Total ECL 3,998 Notes a Model exposures are allocated to a stage based on an individual scenario rather than a probability-weighted approach, as required for Barclays reported impairment allowances. As a result, it is not possible to back solve the final reported weighted ECL from individual scenarios given balances may be assigned to a different stage dependent on the scenario. b For Credit cards, unsecured loans and other retail lending, the model exposure movement between stages 1 and 2 across scenarios differs due to additional impacts from the undrawn exposure. c In 2021, Loans & Advances at amortised cost were used as model exposure for the International Consumer Bank within this disclosure. The process was revised in 2022 to incorporate Exposure at Default (EAD) with no impact to ECL. This has been represented in prior year comparatives. d Model exposures allocated to Stage 3 does not change in any of the scenarios as the transition criteria relies only on an observable evidence of default as at 31st December 2021 and not on macroeconomic scenario. e Material wholesale loan defaults are individually assessed across different recovery strategies. As a result, ECL of £463m is reported as an individually assessed impairment in the reconciliation table . |
Concentrations of Credit Risk by geography and industry (audited) | Credit risk concentrations by geography (audited) Barclays Bank Group United Americas Europe Asia Africa and Middle East Total As at 31 December 2022 £m £m £m £m £m £m On-balance sheet: Cash and balances at central banks 74,792 49,830 73,677 3,552 291 202,142 Cash collateral and settlement balances 37,994 36,503 21,962 10,345 1,058 107,862 Loans and advances at amortised cost 67,271 72,633 31,532 5,958 5,113 182,507 Reverse repurchase agreements and other similar secured lending — 127 329 262 7 725 Trading portfolio assets 9,341 35,481 16,925 5,300 1,581 68,628 Financial assets at fair value through the income statement 28,769 106,715 41,355 20,535 8,820 206,194 Derivative financial instruments 99,695 101,402 77,106 22,299 2,474 302,976 Financial assets at fair value through other comprehensive income 5,228 17,950 15,929 5,718 258 45,083 Other assets 1,367 118 13 3 2 1,503 Total on-balance sheet 324,457 420,759 278,828 73,972 19,604 1,117,620 Off-balance sheet: Contingent liabilities 7,530 11,297 4,811 1,760 402 25,800 Loan commitments 45,027 240,343 42,533 4,321 2,753 334,977 Total off-balance sheet 52,557 251,640 47,344 6,081 3,155 360,777 Total 377,014 672,399 326,172 80,053 22,759 1,478,397 As at 31 December 2021 On-balance sheet: Cash and balances at central banks 45,470 38,735 76,846 7,789 245 169,085 Cash collateral and settlement balances 30,107 28,272 21,754 7,210 742 88,085 Loans and advances at amortised cost 62,269 50,718 23,576 4,775 3,921 145,259 Reverse repurchase agreements and other similar secured lending 9 123 351 2,508 186 3,177 Trading portfolio assets 12,852 29,478 15,062 4,943 890 63,225 Financial assets at fair value through the income statement 26,096 95,456 30,080 21,798 9,998 183,428 Derivative financial instruments 78,449 91,992 75,245 14,709 1,896 262,291 Financial assets at fair value through other comprehensive income 4,525 20,750 15,603 4,666 363 45,907 Other assets 747 224 17 6 — 994 Total on-balance sheet 260,524 355,748 258,534 68,404 18,241 961,451 Off-balance sheet: Contingent liabilities 7,926 10,329 3,957 1,131 403 23,746 Loan commitments 46,616 192,270 38,567 5,079 1,919 284,451 Total off-balance sheet 54,542 202,599 42,524 6,210 2,322 308,197 Total 315,066 558,347 301,058 74,614 20,563 1,269,648 Credit risk concentrations by industry (audited) Barclays Bank Group Banks Other financial Manu- Const- Govern- Energy Wholesale Business Home Cards, Other Total As at 31 December 2022 £m £m £m £m £m £m £m £m £m £m £m £m On-balance sheet: Cash and balances at central banks 675 — — — 201,467 — — — — — — 202,142 Cash collateral and settlement balances 14,965 78,705 229 67 12,739 269 136 166 — — 586 107,862 Loans and advances at amortised cost 8,753 49,102 7,346 16,460 17,828 5,541 8,164 16,810 11,405 34,483 6,615 182,507 Reverse repurchase agreements and other similar secured lending 583 92 — — 50 — — — — — — 725 Trading portfolio assets 4,638 9,314 5,007 1,405 36,335 2,330 789 2,782 — — 6,028 68,628 Financial assets at fair value through the income statement 30,982 149,917 705 1,707 16,598 184 479 3,897 1,255 — 470 206,194 Derivative financial instruments 128,161 152,840 4,095 597 3,027 4,778 1,541 3,175 — — 4,762 302,976 Financial assets at fair value through other comprehensive income 9,293 2,444 — 592 32,372 — — 112 — — 270 45,083 Other assets 345 1,020 9 — 1 1 — 118 — — 9 1,503 Total on-balance sheet 198,395 443,434 17,391 20,828 320,417 13,103 11,109 27,060 12,660 34,483 18,740 1,117,620 Off-balance sheet: Contingent liabilities 1,108 8,075 3,695 1,430 1,008 3,891 1,138 3,177 — 143 2,135 25,800 Loan commitments 1,779 63,801 44,808 11,887 1,501 29,594 16,308 24,672 120 114,820 25,687 334,977 Total off-balance sheet 2,887 71,876 48,503 13,317 2,509 33,485 17,446 27,849 120 114,963 27,822 360,777 Total 201,282 515,310 65,894 34,145 322,926 46,588 28,555 54,909 12,780 149,446 46,562 1,478,397 As at 31 December 2021 On-balance sheet: Cash and balances at central banks 28 — — — 169,057 — — — — — — 169,085 Cash collateral and settlement balances 14,605 61,252 320 79 10,684 390 60 354 — — 341 88,085 Loans and advances at amortised cost 7,955 33,563 5,821 13,714 15,462 4,244 7,266 13,881 10,985 26,477 5,891 145,259 Reverse repurchase agreements and other similar secured lending 595 2,049 — — 533 — — — — — — 3,177 Trading portfolio assets 2,560 8,818 4,881 1,048 32,483 4,043 1,734 4,716 — — 2,942 63,225 Financial assets at fair value through the income statement 26,239 131,232 763 5,444 13,935 76 181 3,547 1,595 — 416 183,428 Derivative financial instruments 120,607 117,050 4,168 1,898 7,233 3,544 1,172 2,825 — — 3,794 262,291 Financial assets at fair value through other comprehensive income 9,942 2,972 — 514 31,975 — — 444 — — 60 45,907 Other assets 401 474 1 — 8 — — 105 — — 5 994 Total on-balance sheet 182,932 357,410 15,954 22,697 281,370 12,297 10,413 25,872 12,580 26,477 13,449 961,451 Off-balance sheet: Contingent liabilities 1,005 7,772 3,080 1,342 1,092 3,284 1,182 3,118 — 73 1,798 23,746 Loan commitments 1,340 53,212 42,434 15,752 1,360 26,447 15,811 25,201 341 76,759 25,794 284,451 Total off-balance sheet 2,345 60,984 45,514 17,094 2,452 29,731 16,993 28,319 341 76,832 27,592 308,197 Total 185,277 418,394 61,468 39,791 283,822 42,028 27,406 54,191 12,921 103,309 41,041 1,269,648 |
Balance Sheet credit quality (audited) | Balance sheet credit quality (audited) Barclays Bank Group PD Range 0.0 to <0.60% 0.60 to <11.35% 11.35% to 100% Total 0.0 to <0.60% 0.60 to <11.35% 11.35% to 100% Total As at 31 December 2022 £m £m £m £m % % % % Cash and balances at central banks 202,142 202,142 100 — — 100 Cash collateral and settlement balances 96,688 10,886 288 107,862 90 10 — 100 Loans and advances at amortised cost Home loans 10,096 636 673 11,405 88 6 6 100 Credit cards, unsecured loans and other retail lending 15,376 17,140 1,646 34,162 45 50 5 100 Wholesale loans 108,267 26,397 2,276 136,940 79 19 2 100 Total loans and advances at amortised cost 133,739 44,173 4,595 182,507 73 24 3 100 Reverse repurchase agreements and other similar secured lending 725 725 100 — — 100 Trading portfolio assets: Debt securities 50,208 4,891 331 55,430 90 9 1 100 Traded loans 3,214 8,273 1,711 13,198 24 63 13 100 Total trading portfolio assets 53,422 13,164 2,042 68,628 79 19 3 100 Financial assets at fair value through the income statement: Loans and advances 13,508 24,573 109 38,190 36 64 — 100 Debt securities 2,097 1,055 65 3,217 65 33 2 100 Reverse repurchase agreements 124,811 38,339 1,548 164,698 76 23 1 100 Other financial assets 68 21 — 89 76 24 — 100 Total financial assets at fair value through the income statement 140,484 63,988 1,722 206,194 68 31 1 100 Derivative financial instruments 285,087 17,606 283 302,976 94 6 — 100 Financial assets at fair value through other comprehensive income 45,081 3 45,084 100 — — 100 Other assets 1,455 47 1,502 97 3 — 100 Total on-balance sheet 958,823 149,867 8,930 1,117,620 86 13 1 100 As at 31 December 2021 Cash and balances at central banks 169,085 — — 169,085 100 — — 100 Cash collateral and settlement balances 78,881 9,194 10 88,085 90 10 — 100 Loans and advances at amortised cost Home loans 9,519 809 657 10,985 87 7 6 100 Credit cards, unsecured loans and other retail lending 18,460 6,178 1,322 25,960 71 24 5 100 Wholesale loans 78,239 26,992 3,083 108,314 72 25 3 100 Total loans and advances at amortised cost 106,218 33,979 5,062 145,259 73 23 4 100 Reverse repurchase agreements and other similar secured lending 3,091 86 — 3,177 97 3 — 100 Trading portfolio assets: Debt securities 44,488 5,735 477 50,700 88 11 1 100 Traded loans 2,172 10,144 209 12,525 17 81 2 100 Total trading portfolio assets 46,660 15,879 686 63,225 74 25 1 100 Financial assets at fair value through the income statement: Loans and advances 16,977 18,896 28 35,901 47 53 — 100 Debt securities 1,346 858 52 2,256 60 38 2 100 Reverse repurchase agreements 108,609 36,047 530 145,186 75 25 — 100 Other financial assets 67 18 — 85 79 21 — 100 Total financial assets at fair value through the income statement 126,999 55,819 610 183,428 70 30 — 100 Derivative financial instruments 246,347 15,678 266 262,291 94 6 — 100 Financial assets at fair value through other comprehensive income 45,901 6 — 45,907 100 — — 100 Other assets 948 46 — 994 95 5 — 100 Total on-balance sheet 824,130 130,687 6,634 961,451 86 13 1 100 |
Credit risk profile by internal PD band for loans and advances at amortised cost, contingent liabilities and loan commitments (audited) | The below tables represent credit risk profile by PD grade for loans and advances at amortised cost, contingent liabilities and loan commitments. Stage 1 higher risk assets, presented gross of associated collateral held, are of weaker credit quality but have not significantly deteriorated since origination. IFRS 9 Stage 1 and Stage 2 classification is not dependent solely on the absolute probability of default but on elements that determine a Significant Increase in Credit Risk (see Note 8 to the financial statements on page 137 Barclays Bank Group As at 31 December 2022 Credit risk profile by internal PD grade for loans and advances at amortised cost (audited) Gross carrying amount Allowance for ECL Net exposure Coverage ratio PD range Credit quality description Stage 1 Stage 2 Stage 3 Total Stage 1 Stage 2 Stage 3 Total Grading % £m £m £m £m £m £m £m £m £m % 1-3 0.0 to < 0.05% Strong 57,324 845 5 58,174 2 15 3 20 58,154 — 4-5 0.05 to < 0.15% Strong 24,545 235 — 24,780 11 1 — 12 24,768 — 6-8 0.15 to < 0.30% Strong 14,893 4,348 — 19,241 24 16 — 40 19,201 0.2 9-11 0.30 to < 0.60% Strong 30,577 1,139 — 31,716 87 13 — 100 31,616 0.3 12-14 0.60 to < 2.15% Satisfactory 17,488 3,096 — 20,584 169 124 — 293 20,291 1.4 15-19 2.15 to < 10% Satisfactory 12,130 3,859 — 15,989 147 532 — 679 15,310 4.2 19 10 to < 11.35% Satisfactory 6,227 2,640 — 8,867 199 96 — 295 8,572 3.3 20-21 11.35 to < 100% Higher Risk 624 2,787 — 3,411 54 692 — 746 2,665 21.9 22 100% Credit Impaired — — 3,565 3,565 — — 1,635 1,635 1,930 45.9 Total 163,808 18,949 3,570 186,327 693 1,489 1,638 3,820 182,507 2.1 As at 31 December 2021 Credit risk profile by internal PD grade for loans and advances at amortised cost (audited) Gross carrying amount Allowance for ECL Net exposure Coverage ratio PD range Credit quality description Stage 1 Stage 2 Stage 3 Total Stage 1 Stage 2 Stage 3 Total Grading % £m £m £m £m £m £m £m £m £m % 1-3 0.0 to < 0.05% Strong 52,756 855 — 53,611 280 6 — 286 53,325 0.5 4-5 0.05 to < 0.15% Strong 17,797 211 — 18,008 6 2 — 8 18,000 — 6-8 0.15 to < 0.30% Strong 10,764 1,220 — 11,984 15 7 — 22 11,962 0.2 9-11 0.30 to < 0.60% Strong 21,865 1,136 — 23,001 55 15 — 70 22,931 0.3 12-14 0.60 to < 2.15% Satisfactory 16,429 3,508 — 19,937 160 116 — 276 19,661 1.4 15-19 2.15 to < 10% Satisfactory 6,653 4,995 — 11,648 169 302 — 471 11,177 4.0 19 10 to < 11.35% Satisfactory 2,156 1,276 — 3,432 39 252 — 291 3,141 8.5 20-21 11.35 to < 100% Higher Risk 593 3,196 — 3,789 72 319 — 391 3,398 10.3 22 100% Credit Impaired — — 3,348 3,348 — — 1,684 1,684 1,664 50.3 Total 129,013 16,397 3,348 148,758 796 1,019 1,684 3,499 145,259 2.4 As at 31 December 2022 Credit risk profile by internal PD grade for contingent liabilities a (audited) Gross carrying amount Allowance for ECL Net exposure Coverage ratio PD range Credit quality description Stage 1 Stage 2 Stage 3 Total Stage 1 Stage 2 Stage 3 Total Grading % £m £m £m £m £m £m £m £m £m % 1-3 0.0 to < 0.05% Strong 7,290 149 — 7,439 2 1 — 3 7,436 — 4-5 0.05 to < 0.15% Strong 4,210 348 — 4,558 2 1 — 3 4,555 0.1 6-8 0.15 to < 0.30% Strong 2,733 180 — 2,913 3 3 — 6 2,907 0.2 9-11 0.30 to < 0.60% Strong 3,161 214 — 3,375 8 1 — 9 3,366 0.3 12-14 0.60 to < 2.15% Satisfactory 1,989 751 — 2,740 21 6 — 27 2,713 1.0 15-19 2.15 to < 10% Satisfactory 910 496 — 1,406 8 17 — 25 1,381 1.8 19 10 to < 11.35% Satisfactory 716 190 — 906 41 18 — 59 847 6.5 20-21 11.35 to < 100% Higher Risk 58 440 — 498 2 64 — 66 432 13.3 22 100% Credit Impaired — — 542 542 — — 3 3 539 0.6 Total 21,067 2,768 542 24,377 87 111 3 201 24,176 0.8 As at 31 December 2021 Credit risk profile by internal PD grade for contingent liabilities a (audited) Gross carrying amount Allowance for ECL Net exposure Coverage ratio PD range Credit quality description Stage 1 Stage 2 Stage 3 Total Stage 1 Stage 2 Stage 3 Total Grading % £m £m £m £m £m £m £m £m £m % 1-3 0.0 to < 0.05% Strong 8,240 172 — 8,412 2 1 — 3 8,409 — 4-5 0.05 to < 0.15% Strong 3,479 503 — 3,982 2 2 — 4 3,978 0.1 6-8 0.15 to < 0.30% Strong 1,996 199 — 2,195 2 2 — 4 2,191 0.2 9-11 0.30 to < 0.60% Strong 2,794 216 — 3,010 4 1 — 5 3,005 0.2 12-14 0.60 to < 2.15% Satisfactory 1,990 286 — 2,276 19 8 — 27 2,249 1.2 15-19 2.15 to < 10% Satisfactory 817 479 — 1,296 5 10 — 15 1,281 1.2 19 10 to < 11.35% Satisfactory 607 254 — 861 21 42 — 63 798 7.3 20-21 11.35 to < 100% Higher Risk 141 1,162 — 1,303 3 77 — 80 1,223 6.1 22 100% Credit Impaired — — 180 180 — — 1 1 179 0.6 Total 20,064 3,271 180 23,515 58 143 1 202 23,313 0.9 As at 31 December 2022 Credit risk profile by internal PD grade for loan commitments a (audited) Gross carrying amount Allowance for ECL Net exposure Coverage ratio PD range Credit quality description Stage 1 Stage 2 Stage 3 Total Stage 1 Stage 2 Stage 3 Total Grading % £m £m £m £m £m £m £m £m £m % 1-3 0.0 to < 0.05% Strong 69,737 725 — 70,462 6 — — 6 70,456 0.1 4-5 0.05 to < 0.15% Strong 72,221 3,649 — 75,870 5 1 — 6 75,864 0.1 6-8 0.15 to < 0.30% Strong 59,350 2,258 — 61,608 12 2 — 14 61,594 0.2 9-11 0.30 to < 0.60% Strong 40,750 1,878 — 42,628 13 4 — 17 42,611 0.4 12-14 0.60 to < 2.15% Satisfactory 26,100 4,355 — 30,455 47 14 — 61 30,394 0.2 15-19 2.15 to < 10% Satisfactory 18,925 3,653 — 22,578 32 38 — 70 22,508 0.3 19 10 to < 11.35% Satisfactory 10,241 2,754 — 12,995 29 27 — 56 12,939 0.4 20-21 11.35 to < 100% Higher Risk 678 3,886 — 4,564 3 78 — 81 4,483 1.8 22 100% Credit Impaired — — 346 346 — — 20 20 326 5.8 Total 298,002 23,158 346 321,506 147 164 20 331 321,175 1.0 As at 31 December 2021 Credit risk profile by internal PD grade for loan commitments a (audited) Gross carrying amount Allowance for ECL Net exposure Coverage ratio PD range Credit quality description Stage 1 Stage 2 Stage 3 Total Stage 1 Stage 2 Stage 3 Total Grading % £m £m £m £m £m £m £m £m £m % 1-3 0.0 to < 0.05% Strong 92,864 3,002 — 95,866 5 3 — 8 95,858 — 4-5 0.05 to < 0.15% Strong 55,979 5,345 — 61,324 10 5 — 15 61,309 — 6-8 0.15 to < 0.30% Strong 22,345 2,079 — 24,424 7 6 — 13 24,411 0.1 9-11 0.30 to < 0.60% Strong 23,445 2,312 — 25,757 5 5 — 10 25,747 — 12-14 0.60 to < 2.15% Satisfactory 23,189 3,240 — 26,429 79 23 — 102 26,327 0.4 15-19 2.15 to < 10% Satisfactory 6,362 2,749 — 9,111 20 21 — 41 9,070 0.5 19 10 to < 11.35% Satisfactory 10,270 2,964 — 13,234 8 13 — 21 13,213 0.2 20-21 11.35 to < 100% Higher Risk 2,196 6,669 — 8,865 11 55 — 66 8,799 0.7 22 100% Credit Impaired — — 870 870 — — 21 21 849 2.4 Total 236,650 28,360 870 265,880 145 131 21 297 265,583 0.1 Notes a Excludes loan commitments and financial guarantees carried at fair value of £14.9bn (2021: £18.8bn) for Barclays Bank Group. |
Management Value at Risk (audited) | The daily average, high and low values of management VaR Management VaR (95%, one day) (audited) 2022 2021 Average High Low Average High Low For the year ended 31 December £m £m £m £m £m £m Credit risk 25 71 8 14 30 7 Interest rate risk 13 23 4 7 14 4 Equity risk 10 29 4 9 29 4 Basis risk 12 24 4 5 10 3 Spread risk 7 11 3 4 6 3 Foreign exchange risk 7 25 2 4 16 1 Commodity risk — 1 — — 1 — Inflation risk 7 17 3 3 5 2 Diversification effect a (45) n/a n/a (27) n/a n/a Total management VaR 36 72 14 19 36 6 Note a Diversification effects recognise that forecast losses from different assets or businesses are unlikely to occur concurrently, hence the expected aggregate loss is lower than the sum of the expected losses from each area. Historical correlations between losses are taken into account in making these assessments. The high and low VaR figures reported for each category did not necessarily occur on the same day as the high and low VaR reported as a whole. Consequently, a diversification effect balance for the high and low VaR figures would not be meaningful and is therefore omitted from the above table. |
Contractual maturity of financial assets and liabilities (audited) | The table below provides detail on the contractual maturity of all financial instruments and other assets and liabilities. Derivatives (other than those designated in a hedging relationship) and trading portfolio assets and liabilities are included in the ‘on demand’ column at their fair value. Liquidity risk on these items is not managed on the basis of contractual maturity since these items are not held for settlement according to such maturity and will frequently be settled before contractual maturity at fair value. Derivatives designated in a hedging relationship are included according to their contractual maturity. Contractual maturity of financial assets and liabilities (audited) Barclays Bank Group On Not more Over three Over six Over nine Over one Over two Over three Over five Over ten Total As at 31 December 2022 £m £m £m £m £m £m £m £m £m £m £m Assets Cash and balances at central banks 201,888 254 — — — — — — — — 202,142 Cash collateral and settlement balances 3,010 104,852 — — — — — — — — 107,862 Loans and advances at amortised cost 15,961 11,458 7,606 7,082 10,261 29,637 23,135 39,498 17,385 20,484 182,507 Reverse repurchase agreements and other similar secured lending 127 597 — — — — — — — 1 725 Trading portfolio assets 133,771 — — — — — — — — — 133,771 Financial assets at fair value through the income statement 32,032 147,655 7,003 4,842 2,036 6,361 4,561 2,909 1,769 1,960 211,128 Derivative financial instruments 302,665 91 19 — 4 — 174 — — 23 302,976 Financial assets at fair value through other comprehensive income 8 3,391 2,871 583 132 6,991 4,654 11,493 8,161 6,800 45,084 Other financial assets 285 1,062 112 — 43 — — 1 — — 1,503 Total financial assets 689,747 269,360 17,611 12,507 12,476 42,989 32,524 53,901 27,315 29,268 1,187,698 Other assets 15,839 Total assets 1,203,537 Liabilities Deposits at amortised cost 196,398 62,314 18,918 4,384 6,425 911 373 621 996 239 291,579 Cash collateral and settlement balances 3,013 93,798 — — — — — — — — 96,811 Repurchase agreements and other similar secured borrowing 256 9,578 — — 943 1,105 — — — 83 11,965 Debt securities in issue — 27,136 12,516 4,691 5,368 3,528 1,241 1,501 3,663 368 60,012 Subordinated liabilities — 17 240 974 1,105 4,369 4,782 9,001 10,288 7,477 38,253 Trading portfolio liabilities 72,460 — — — — — — — — — 72,460 Financial liabilities designated at fair value 10,844 187,160 14,352 5,292 3,812 13,992 10,547 8,528 6,708 10,820 272,055 Derivative financial instruments 288,398 15 58 4 — 137 85 112 56 341 289,206 Other financial liabilities 56 7,176 17 18 17 164 59 117 161 21 7,806 Total financial liabilities 571,425 387,194 46,101 15,363 17,670 24,206 17,087 19,880 21,872 19,349 1,140,147 Other liabilities 4,437 Total liabilities 1,144,584 Cumulative liquidity gap 118,322 488 (28,002) (30,858) (36,052) (17,269) (1,832) 32,189 37,632 47,551 58,953 Contractual maturity of financial assets and liabilities (audited) Barclays Bank Group On Not more Over three Over six Over nine Over one Over two Over three Over five Over ten Total As at 31 December 2021 £m £m £m £m £m £m £m £m £m £m £m Assets Cash and balances at central banks 168,881 204 — — — — — — — — 169,085 Cash collateral and settlement balances 2,743 85,342 — — — — — — — — 88,085 Loans and advances at amortised cost 17,470 7,855 6,745 4,238 9,611 19,162 20,813 27,416 14,420 17,529 145,259 Reverse repurchase agreements and other similar secured lending 58 2,934 — — — 184 — — — 1 3,177 Trading portfolio assets 146,871 — — — — — — — — — 146,871 Financial assets at fair value through the income statement 24,174 127,244 9,280 7,036 3,336 5,351 5,376 2,062 1,996 2,371 188,226 Derivative financial instruments 262,046 36 1 — — — — 184 15 9 262,291 Financial assets at fair value through other comprehensive income — 3,194 1,080 449 547 2,656 5,389 10,093 13,823 8,677 45,908 Other financial assets 607 255 130 2 — — — — — — 994 Total financial assets 622,850 227,064 17,236 11,725 13,494 27,353 31,578 39,755 30,254 28,587 1,049,896 Other assets 11,882 Total assets 1,061,778 Liabilities Deposits at amortised cost 201,501 41,632 12,380 1,920 2,898 558 435 242 1,031 231 262,828 Cash collateral and settlement balances 2,951 76,096 — — — — — — — — 79,047 Repurchase agreements and other similar secured borrowing 20 5,022 — — — 3,216 4,424 — — 87 12,769 Debt securities in issue — 18,274 12,150 5,845 3,254 463 3,319 1,792 2,654 637 48,388 Subordinated liabilities — 1,005 — 74 1,243 7,030 2,251 5,714 8,490 6,378 32,185 Trading portfolio liabilities 53,291 — — — — — — — — — 53,291 Financial liabilities designated at fair value 21,339 158,078 16,857 10,267 3,588 6,534 6,114 7,734 7,366 13,254 251,131 Derivative financial instruments 255,471 4 22 — 2 121 151 279 111 362 256,523 Other financial liabilities 87 3,656 15 15 12 443 52 102 183 27 4,592 Total financial liabilities 534,660 303,767 41,424 18,121 10,997 18,365 16,746 15,863 19,835 20,976 1,000,754 Other liabilities 4,707 Total liabilities 1,005,461 Cumulative liquidity gap 88,190 11,487 (12,701) (19,097) (16,600) (7,612) 7,220 31,112 41,531 49,142 56,317 |
Contractual maturity of financial liabilities - undiscounted (audited) | The following table presents the cash flows payable by the Barclays Bank Group under financial liabilities by remaining contractual maturities at the balance sheet date. The amounts disclosed in the table are the contractual undiscounted cash flows of all financial liabilities (i.e. nominal values). The balances in the below table do not agree directly to the balances in the consolidated balance sheet as the table incorporates all cash flows, on an undiscounted basis, related to both principal as well as those associated with all future coupon payments. Derivative financial instruments held for trading and trading portfolio liabilities are included in the on demand column at their fair value. Contractual maturity of financial liabilities - undiscounted (audited) Barclays Bank Group On Not more Over three Over six Over one Over three Over five Over ten Total £m £m £m £m £m £m £m £m £m As at 31 December 2022 Deposits at amortised cost 196,398 62,524 18,918 10,943 1,302 621 1,113 376 292,195 Cash collateral and settlement balances 3,013 93,986 — — — — — — 96,999 Repurchase agreements and other similar secured borrowing 256 9,587 — 946 1,184 — — 252 12,225 Debt securities in issue — 27,234 12,615 10,301 4,932 1,732 4,773 651 62,238 Subordinated liabilities — 17 245 2,108 9,504 10,165 12,961 14,063 49,063 Trading portfolio liabilities 72,460 — — — — — — — 72,460 Financial liabilities designated at fair value 10,844 187,553 14,905 9,399 25,654 9,847 8,345 23,853 290,400 Derivative financial instruments 288,398 19 60 4 244 131 71 722 289,649 Other financial liabilities 56 7,179 21 43 251 139 180 24 7,893 Total financial liabilities 571,425 388,099 46,764 33,744 43,071 22,635 27,443 39,941 1,173,122 As at 31 December 2021 Deposits at amortised cost 201,501 41,632 12,380 4,818 996 240 1,048 261 262,876 Cash collateral and settlement balances 2,951 76,096 — — — — — — 79,047 Repurchase agreements and other similar secured borrowing 20 5,022 — — 7,798 — — 146 12,986 Debt securities in issue — 18,293 12,168 9,075 3,879 1,832 2,938 744 48,929 Subordinated liabilities — 1,061 0 1,404 9,328 5,917 8,918 8,752 35,380 Trading portfolio liabilities 53,291 — — — — — — — 53,291 Financial liabilities designated at fair value 21,339 158,249 16,887 13,945 12,939 8,043 7,544 21,098 260,044 Derivative financial instruments 255,471 4 22 2 276 291 122 449 256,637 Other financial liabilities 87 3,658 19 38 526 122 208 29 4,687 Total financial liabilities 534,660 304,015 41,476 29,282 35,742 16,445 20,778 31,479 1,013,877 |
Maturity analysis of off-balance sheet commitments received (audited) | Maturity analysis of off-balance sheet commitments received (audited) On Not more than three months Over three months but not more than six months Over six months but not more than nine months Over nine months but not more than one year Over one year but not more than two years Over two years but not more than three years Over three years but not more than five years Over five years but not more than ten years Over ten years Total Barclays Bank Group £m £m £m £m £m £m £m £m £m £m £m As at 31 December 2022 Guarantees, letters of credit and credit insurance 7,222 92 102 10 46 16 37 76 96 1 7,698 Other commitments received 7,473 — — — — — — — — — 7,473 Total off-balance sheet commitments received 14,695 92 102 10 46 16 37 76 96 1 15,171 As at 31 December 2021 Guarantees, letters of credit and credit insurance 7,258 31 21 10 12 4 12 83 65 19 7,515 Other commitments received 455 — — — — — — — — — 455 Total off-balance sheet commitments received 7,713 31 21 10 12 4 12 83 65 19 7,970 |
Maturity analysis of off-balance sheet commitments given (audited) | Maturity analysis of off-balance sheet commitments given (audited) On Not more than three months Over three months but not more than six months Over six months but not more than nine months Over nine months but not more than one year Over one year but not more than two years Over two years but not more than three years Over three years but not more than five years Over five years but not more than ten years Over ten years Total Barclays Bank Group £m £m £m £m £m £m £m £m £m £m £m As at 31 December 2022 Contingent liabilities and financial guarantees 25,698 86 14 1 — 1 — — — — 25,800 Documentary credits and other short-term trade related transactions 1,740 3 5 — — — — — — — 1,748 Standby facilities, credit lines and other commitments 333,192 — — — — 37 — — — — 333,229 Total off-balance sheet commitments given 360,630 89 19 1 — 38 — — — — 360,777 As at 31 December 2021 Contingent liabilities and financial guarantees 23,607 135 4 0 0 0 — — — — 23,746 Documentary credits and other short-term trade related transactions 1,582 2 — — — — — — — — 1,584 Standby facilities, credit lines and other commitments 282,867 — — — — — — — — — 282,867 Total off-balance sheet commitments given 308,056 137 4 — — — — — — — 308,197 |
Functional currency of the operation (audited) | Functional currency of operations (audited) Foreign currency net investments Borrowings which hedge the net investments Derivatives which hedge the net investments Structural currency exposures pre- economic hedges Economic hedges Remaining structural currency exposures £m £m £m £m £m £m As at 31 December 2022 USD 27,523 (5,973) (2,086) 19,464 (8,376) 11,088 EUR 9,673 (2,395) (3) 7,275 (283) 6,992 JPY 689 — (197) 492 — 492 Other 3,010 — (1,602) 1,408 (279) 1,129 Total 40,895 (8,368) (3,888) 28,639 (8,938) 19,701 As at 31 December 2021 USD 26,023 (5,512) (2,356) 18,155 (7,111) 11,044 EUR 8,342 (1,324) (3) 7,015 (267) 6,748 JPY 614 (97) — 517 — 517 Other 2,085 — (64) 2,021 — 2,021 Total 37,064 (6,933) (2,423) 27,708 (7,378) 20,330 |
Sensitivity analysis to changes in risk exposures that arise from contracts within scope of IFRS 17 | Net Interest Income sensitivity (AEaR) by currency (audited) 2022 2021 +25 basis -25 basis +25 basis -25 basis Barclays Bank Group £m £m £m £m GBP (6) 4 21 (37) USD 38 (41) 55 (59) EUR 4 (4) (5) (4) Other currencies (11) 12 (3) 1 Total 25 (29) 68 (99) Analysis of equity sensitivity (audited) 31 December 2022 31 December 2021 +25 basis -25 basis +25 basis -25 basis Barclays Bank Group £m £m £m £m Net interest income 25 (29) 68 (99) Taxation effects on the above (4) 5 (12) 18 Effect on profit for the year 21 (24) 56 (81) As percentage of net profit after tax 0.5% (0.5%) 1.2% (1.8%) Effect on profit for the year (per above) 21 (24) 56 (81) Fair value through other comprehensive income reserve (367) 368 (449) 380 Cash flow hedge reserve (625) 625 (626) 626 Taxation effects on the above 268 (268) 290 (272) Effect on equity (703) 701 (729) 653 As percentage of equity (1.2%) 1.2% (1.3%) 1.2% |
Segmental reporting (Tables)
Segmental reporting (Tables) | 12 Months Ended |
Dec. 31, 2022 | |
Disclosure of operating segments [abstract] | |
Analysis of results by business | Analysis of results by business Corporate and Consumer, Cards Head Barclays Bank £m £m £m £m For the year ended 31 December 2022 Total income 13,722 4,547 (75) 18,194 Operating expenses (8,011) (2,800) (160) (10,971) Litigation and conduct (1,189) (230) (8) (1,427) Total operating expenses (9,200) (3,030) (168) (12,398) Other net income a 3 1 — 4 Profit before impairment 4,525 1,518 (243) 5,800 Credit impairment charges (119) (814) — (933) Profit/(loss) before tax 4,406 704 (243) 4,867 Total assets (£bn) 1,111.2 79.9 12.4 1,203.5 Number of employees (full time equivalent) 8,000 2,900 11,000 21,900 Average number of employees (full time equivalent) 21,100 Corporate and Investment Bank Consumer, Cards Head Barclays Bank £m £m £m £m For the year ended 31 December 2021 Total income 12,481 3,337 (410) 15,408 Operating expenses (7,169) (2,316) (400) (9,885) Litigation and conduct (237) (108) (29) (374) Total operating expenses (7,406) (2,424) (429) (10,259) Other net income/(expenses) a (8) 1 (1) (8) Profit before impairment 5,067 914 (840) 5,141 Credit impairment(charges)/releases 461 (185) 1 277 Profit/(loss) before tax 5,528 729 (839) 5,418 Total assets (£bn) 986.2 64.4 11.2 1,061.8 Number of employees (full time equivalent) 7,800 2,600 9,800 20,200 Average number of employees (full time equivalent) 20,300 Notes a Other net income/(expenses) represents the share of post-tax results of associates and joint ventures, and profit (or loss) on disposal of subsidiaries, associates and joint ventures. Corporate and Consumer, Cards Head Barclays Bank Group £m £m £m £m For the year ended 31 December 2020 Total income 12,607 3,490 (319) 15,778 Operating expenses (7,125) (2,132) (126) (9,383) Litigation and conduct (4) (44) (28) (76) Total operating expenses (7,129) (2,176) (154) (9,459) Other net income a 16 114 3 133 Profit before impairment 5,494 1,428 (470) 6,452 Credit impairment charges (1,565) (1,720) (92) (3,377) Profit/(loss) before tax 3,929 (292) (562) 3,075 Total assets (£bn) 990.9 57.8 11.0 1,059.7 Number of employees (full time equivalent) 7,800 3,000 10,100 20,900 Average number of employees (full time equivalent) 20,145 Note a Other net income/(expenses) represents the share of post-tax results of associates and joint ventures, and profit (or loss) on disposal of subsidiaries, associates and joint ventures. |
Income by geographic region | Income by geographic region b 2022 2021 2020 For the year ended 31 December £m £m £m United Kingdom 7,962 4,585 4,954 Europe 2,320 2,358 2,119 Americas 6,516 7,326 7,590 Africa and Middle East 63 45 37 Asia 1,333 1,094 1,078 Total 18,194 15,408 15,778 Income from individual countries which represent more than 5% of total income b 2022 2021 2020 For the year ended 31 December £m £m £m United Kingdom 7,962 4,585 4,954 United States 6,340 7,162 7,471 Note b The geographical analysis is based on the location of the office where the transactions are recorded. |
Net interest income (Table)
Net interest income (Table) | 12 Months Ended |
Dec. 31, 2022 | |
Analysis of income and expense [abstract] | |
Net interest income | 2022 2021 2020 £m £m £m Cash and balances at central banks 2,097 128 226 Loans and advances at amortised cost 7,454 4,265 4,510 Fair value through other comprehensive income 1,493 380 604 Negative interest on liabilities 208 248 68 Other 527 651 598 Interest and similar income 11,779 5,672 6,006 Deposits at amortised cost (3,104) (331) (644) Debt securities in issue (1,473) (413) (424) Subordinated liabilities (966) (934) (1,112) Negative interest on assets (208) (374) (325) Other (630) (547) (341) Interest and similar expense (6,381) (2,599) (2,846) Net interest income 5,398 3,073 3,160 |
Net fee and commission income (
Net fee and commission income (Table) | 12 Months Ended |
Dec. 31, 2022 | |
Fee and commission income (expense) [abstract] | |
Total fees in scope of IFRS 15 Revenues from Contracts with Customers | Fee and commission income is disaggregated below by fee types that reflect the nature of the services offered across the Barclays Bank Group and operating segments, in accordance with IFRS 15. The below table includes a total for fees in scope of IFRS 15. Refer to Note 2 for more detailed information about operating segments. 2022 Corporate and Investment Bank Cards & Payments and Private Bank Head Office Total £ £ £ £ Fee type Transactional 449 2,803 — 3,252 Advisory 820 144 — 964 Brokerage and execution 1,465 56 — 1,521 Underwriting and syndication 2,036 1 — 2,037 Other 99 134 22 255 Total revenue from contracts with customers 4,869 3,138 22 8,029 Other non-contract fee income 138 4 — 142 Fee and commission income 5,007 3,142 22 8,171 Fee and commission expense (966) (1,778) (1) (2,745) Net fee and commission income 4,041 1,364 21 5,426 2021 Corporate and Investment Bank Consumer, Cards and Payments Head Office Total £m £m £m £m Fee type Transactional 390 2,158 — 2,548 Advisory 968 128 — 1,096 Brokerage and execution 1,082 53 — 1,135 Underwriting and syndication 3,425 — — 3,425 Other 80 155 21 256 Total revenue from contracts with customers 5,945 2,494 21 8,460 Other non-contract fee income 116 5 — 121 Fee and commission income 6,061 2,499 21 8,581 Fee and commission expense (781) (1,207) (6) (1,994) Net fee and commission income 5,280 1,292 15 6,587 2020 Corporate and Investment Bank Consumer, Cards and Payments Head Office Total £m £m £m £m Fee type Transactional 357 1,973 — 2,330 Advisory 593 100 — 693 Brokerage and execution 1,116 57 — 1,173 Underwriting and syndication 2,867 — — 2,867 Other 54 152 29 235 Total revenue from contracts with customers 4,987 2,282 29 7,298 Other non-contract fee income 114 5 — 119 Fee and commission income 5,101 2,287 29 7,417 Fee and commission expense (768) (988) (2) (1,758) Net fee and commission income 4,333 1,299 27 5,659 |
Net trading income (Table)
Net trading income (Table) | 12 Months Ended |
Dec. 31, 2022 | |
Trading income (expense) [abstract] | |
Net trading income | 2022 2021 2020 £m £m £m Net gains on financial instruments held for trading 5,603 3,999 5,392 Net gains on financial instruments designated at fair value 501 682 695 Net gains on financial instruments mandatorily at fair value 1,520 1,107 989 Net trading income 7,624 5,788 7,076 |
Net investment expense (Table)
Net investment expense (Table) | 12 Months Ended |
Dec. 31, 2022 | |
Gains (losses) on financial instruments [abstract] | |
Net investment (expense)/income | 2022 2021 2020 £m £m £m Net gains/(losses) from financial assets mandatorily at fair value 19 (116) (39) Net (losses)/gains from disposal of debt instruments at fair value through other comprehensive income (68) 248 251 Net (losses)/gains from disposal of financial assets and liabilities measured at amortised cost (66) 22 (128) Net losses on other investments (208) (234) (205) Net investment expense (323) (80) (121) |
Operating expenses (Table)
Operating expenses (Table) | 12 Months Ended |
Dec. 31, 2022 | |
Expenses by nature [abstract] | |
Operating expenses | 2022 2021 2020 £m £m £m Infrastructure costs Property and equipment 417 371 374 Depreciation and amortisation 470 403 421 Impairment of property, equipment and intangible assets a 13 280 21 Total infrastructure costs 900 1,054 816 Administration and general expenses Consultancy, legal and professional fees 403 390 345 Marketing and advertising 312 235 176 UK bank levy 150 134 249 Other administration and general expenses 4,014 3,616 3,432 Total administration and general expenses 4,879 4,375 4,202 Staff costs b 5,192 4,456 4,365 Litigation and conduct 1,427 374 76 Operating expenses 12,398 10,259 9,459 Notes a In 2021, Impairment of property, equipment and intangible assets included £266m relating to structural cost actions taken as part of the real estate review. b For further details on staff costs including accounting policies, refer to Note 29. |
Credit impairment charges _ (_2
Credit impairment charges / (releases) (Tables) | 12 Months Ended |
Dec. 31, 2022 | |
Disclosure of impairment loss and reversal of impairment loss [abstract] | |
Credit impairment charges | 2022 2021 2020 Impairment Charges/(Releases) Recoveries and Reimbursements a Total Impairment Charges/(Releases) Recoveries and Reimbursements Total Impairment Charges/(Releases) Recoveries and Reimbursements Total £m £m £m £m £m £m £m £m £m Loans and advances at amortised cost 1,118 (228) 890 (264) 259 (5) 3,060 (368) 2,692 Off-balance sheet loan 7 — 7 (257) — (257) 547 — 547 Total 1,125 (228) 897 (521) 259 (262) 3,607 (368) 3,239 Cash collateral and settlement balances 28 — 28 (4) — (4) 2 — 2 Financial instruments at fair value through other comprehensive income 8 — 8 (6) — (6) — — — Other financial assets measured at cost — — — (5) — (5) 136 — 136 Credit impairment charges/(releases) 1,161 (228) 933 (536) 259 (277) 3,745 (368) 3,377 Note a. Recoveries and reimbursements include a net increase in amounts recoverable from financial guarantee contracts held with third parties of £195m (2021: £(290)m) and cash recoveries of previously written off amounts of £33m (2021: £31m). |
Tax (Tables)
Tax (Tables) | 12 Months Ended |
Dec. 31, 2022 | |
Major components of tax expense (income) [abstract] | |
Tax charge | 2022 2021 2020 £m £m £m Current tax charge/(credit) Current year 623 904 993 Adjustments in respect of prior years (625) 393 3 (2) 1,297 996 Deferred tax charge/(credit) Current year 19 (179) (563) Adjustments in respect of prior years 468 (288) 191 487 (467) (372) Tax charge 485 830 624 |
Reconciliation between the actual tax charge and the corporate tax rate | The table below shows the reconciliation between the actual tax charge and the tax charge that would result from applying the standard UK corporation tax rate to the Barclays Bank Group’s profit before tax. 2022 2022 2021 2021 2020 2020 £m % £m % £m % Profit before tax from continuing operations 4,867 5,418 3,075 Tax charge based on the standard UK corporation tax rate of 19% (2021: 19%, 2020: 19%) 925 19.0 % 1,029 19.0 % 584 19.0 % Impact of profits/losses earned in territories with different statutory rates to the UK (weighted average tax rate is 22.3% (2021: 24.0%, 2020: 25.0%)) 160 3.3 % 273 5.0 % 183 6.0 % Recurring items: Non-creditable taxes including withholding taxes 117 2.4 % 124 2.3 % 107 3.4 % Non-deductible expenses 28 0.6 % 61 1.1 % 28 0.9 % Impact of UK bank levy being non-deductible 28 0.6 % 25 0.5 % 48 1.6 % Impact of Barclays Bank PLC's overseas branches being taxed both locally and in the UK 17 0.3 % 25 0.5 % 25 0.8 % Tax adjustments in respect of share-based payments 10 0.2 % (5) (0.1 %) 14 0.5 % Banking surcharge a and other items (39) (0.8 %) (48) (0.9 %) (70) (2.3 %) Non-taxable gains and income (129) (2.6 %) (152) (2.8 %) (180) (5.9 %) Tax relief on payments made under AT1 instruments (136) (2.8 %) (113) (2.1 %) (124) (4.0 %) Changes in recognition of deferred tax and effect of unrecognised tax losses (146) (3.0 %) (140) (2.6 %) (123) (4.0 %) Adjustments in respect of prior years (157) (3.2 %) 105 1.9 % 194 6.3 % Tax relief on holdings of inflation-linked government bonds (510) (10.5 %) (157) (2.9 %) (20) (0.6 %) Non-recurring items: Remeasurement of UK deferred tax assets due to tax rate changes 183 3.8 % (218) (4.0 %) (43) (1.4 %) Non-deductible provisions for investigations and litigation 85 1.7 % — — (6) (0.2 %) Non-deductible provisions for UK customer redress 49 1.0 % 21 0.4 % 7 0.2 % Total tax charge 485 10.0 % 830 15.3 % 624 20.3 % a. Banking surcharge includes the impact of the 8% UK banking surcharge rate on profits/losses and tax adjustments relating to UK banking entities . |
Deferred tax assets and liabilities | Deferred tax assets and liabilities The deferred tax amounts on the balance sheet were as follows: Barclays Bank Group 2022 2021 £m £m IHC Tax Group 1,094 1,004 Barclays Bank PLC's US Branch Tax Group 482 1,002 UK Tax Group 2,557 576 Other (outside the UK and US tax groups) 450 399 Deferred tax asset 4,583 2,981 Deferred tax liability - UK Tax Group — (6) Net deferred tax 4,583 2,975 |
Movements on deferred tax assets and liabilities during the year before offsetting | Barclays Bank Group Fixed asset timing differences Fair value through other comprehensive income Cash flow hedges Retirement benefit obligations Loan impairment allowance Own credit Share based payments and deferred compensation Other temporary differences Tax losses carried forward Total £m £m £m £m £m £m £m £m £m £m Assets 678 144 309 24 481 426 327 1,134 1,196 4,719 Liabilities (30) — — (1,674) — — — (40) — (1,744) As at 1 January 2022 648 144 309 (1,650) 481 426 327 1,094 1,196 2,975 Income statement (531) (6) — (7) 47 — (2) (140) 152 (487) Other comprehensive income and reserves — 449 1,731 357 — (616) (17) — — 1,904 Other movements 33 3 — 6 20 — 21 108 — 191 150 590 2,040 (1,294) 548 (190) 329 1,062 1,348 4,583 Assets 215 590 2,040 21 548 — 329 1,138 1,348 6,229 Liabilities (65) — — (1,315) — (190) — (76) — (1,646) As at 31 December 2022 150 590 2,040 (1,294) 548 (190) 329 1,062 1,348 4,583 Assets 659 — — 30 455 329 317 1,187 711 3,688 Liabilities (33) (21) (441) (826) — — — (40) — (1,361) As at 1 January 2021 626 (21) (441) (796) 455 329 317 1,147 711 2,327 Income statement 14 (6) — 1 38 — (13) (52) 485 467 Other comprehensive income and reserves — 170 750 (855) — 98 20 (1) — 182 Other movements 8 1 — — (12) (1) 3 — — (1) 648 144 309 (1,650) 481 426 327 1,094 1,196 2,975 Assets 678 144 309 24 481 426 327 1,134 1,196 4,719 Liabilities (30) — — (1,674) — — — (40) — (1,744) As at 31 December 2021 648 144 309 (1,650) 481 426 327 1,094 1,196 2,975 |
Trading portfolio (Table)
Trading portfolio (Table) | 12 Months Ended |
Dec. 31, 2022 | |
Net assets (liabilities) [abstract] | |
Trading portfolio assets | Barclays Bank Group 2022 2021 £m £m Debt securities and other eligible bills 55,430 50,700 Equity securities 65,034 83,113 Traded loans 13,198 12,525 Commodities 109 533 Trading Portfolio Assets 133,771 146,871 Debt securities and other eligible bills (39,068) (34,079) Equity securities (33,392) (19,212) Trading Portfolio Liabilities (72,460) (53,291) |
Trading portfolio liabilities | Barclays Bank Group 2022 2021 £m £m Debt securities and other eligible bills 55,430 50,700 Equity securities 65,034 83,113 Traded loans 13,198 12,525 Commodities 109 533 Trading Portfolio Assets 133,771 146,871 Debt securities and other eligible bills (39,068) (34,079) Equity securities (33,392) (19,212) Trading Portfolio Liabilities (72,460) (53,291) |
Financial assets at fair valu_3
Financial assets at fair value through the income statement (Tables) | 12 Months Ended |
Dec. 31, 2022 | |
Financial assets at fair value through profit or loss [abstract] | |
Financial assets designated at fair value | Barclays Bank Group 2022 2021 £m £m Loans and advances 1,679 2,813 Debt securities 205 318 Other financial assets 1 — Financial assets designated at fair value 1,885 3,131 Loans and advances 36,511 33,089 Debt securities 3,012 1,937 Equity securities 4,934 4,798 Reverse repurchase agreements and other similar secured lending 164,698 145,186 Other financial assets 88 85 Financial assets mandatorily at fair value 209,243 185,095 Total 211,128 188,226 Barclays Bank Group 2022 2021 Fair value Contractual Fair value Contractual £m £m £m £m Debt securities 57,325 72,728 53,164 61,333 Deposits 41,037 42,455 29,409 29,836 Repurchase agreements and other similar secured borrowing 173,172 173,938 168,075 168,144 Subordinated debt a 521 1,029 483 613 Financial liabilities designated at fair value 272,055 290,150 251,131 259,926 Note a. Subordinated debt measured at fair value was previously disclosed in Note 26 Subordinated Liabilities. From 2021, it is disclosed within Financial Liabilities designated at fair value to better reflect that it is accounted for at fair value. |
Credit risk of loans and advances designated at fair value and related credit derivatives | The following table shows the maximum exposure to credit risk, the changes in fair value attributable to changes in credit risk, and the cumulative changes in fair value since initial recognition for loans and advances. The table does not include debt securities and reverse repurchase agreements and other similar secured lending designated at fair value as they have minimal exposure to credit risk. Reverse repurchase agreements are collateralised and debt securities are primarily relating to high quality sovereigns. Barclays Bank Group Maximum exposure as at 31 December Changes in fair value during the year ended Cumulative changes in fair value from inception 2022 2021 2022 2021 2022 2021 £m £m £m £m £m £m Loans and advances designated at fair value, attributable to credit risk 1,679 2,813 — 1 (3) (3) Value mitigated by related credit derivatives 855 1,617 (1) (3) (1) (3) |
Derivative financial instrume_2
Derivative financial instruments (Tables) | 12 Months Ended |
Dec. 31, 2022 | |
Disclosure of nature and extent of risks arising from financial instruments [abstract] | |
Total derivatives | Barclays Bank Group 2022 2021 Notional contract amount Fair value Notional contract amount Fair value Assets Liabilities Assets Liabilities £m £m £m £m £m £m Total derivative assets/(liabilities) held for trading 52,164,242 302,665 (288,398) 47,286,623 262,046 (255,471) Total derivative assets/(liabilities) held for risk management 178,628 311 (808) 126,292 245 (1,052) Derivative assets/(liabilities) 52,342,870 302,976 (289,206) 47,412,915 262,291 (256,523) |
Derivatives held for trading and risk management | The fair values and notional amounts of derivatives held for trading are set out in the following table: Derivatives held for trading and risk management 2022 2021 Barclays Bank Group Notional contract amount Fair value Notional contract amount Fair value Assets Liabilities Assets Liabilities £m £m £m £m £m £m Derivatives held for trading Foreign exchange derivatives OTC derivatives 5,773,814 108,865 (103,040) 5,700,055 76,055 (74,014) Derivatives cleared by central counterparty 113,455 440 (473) 99,664 171 (208) Exchange traded derivatives 19,426 15 (6) 20,084 10 (3) Foreign exchange derivatives 5,906,695 109,320 (103,519) 5,819,803 76,236 (74,225) Interest rate derivatives OTC derivatives 14,938,526 130,917 (117,016) 14,229,139 124,187 (113,098) Derivatives cleared by central counterparty 21,390,094 2,317 (2,340) 18,865,670 1,055 (762) Exchange traded derivatives 5,654,126 2,257 (2,167) 5,200,838 905 (907) Interest rate derivatives 41,982,746 135,491 (121,523) 38,295,647 126,147 (114,767) Credit derivatives OTC derivatives 619,843 4,262 (4,731) 606,504 4,007 (4,752) Derivatives cleared by central counterparty 1,107,377 1,161 (1,321) 665,600 1,675 (1,809) Credit derivatives 1,727,220 5,423 (6,052) 1,272,104 5,682 (6,561) Equity and stock index derivatives OTC derivatives 410,002 12,670 (16,715) 278,370 18,793 (24,440) Exchange traded derivatives 1,924,613 35,986 (36,774) 1,469,078 32,901 (33,174) Equity and stock index derivatives 2,334,615 48,656 (53,489) 1,747,448 51,694 (57,614) Commodity derivatives OTC derivatives 4,411 14 (51) 4,670 56 (107) Exchange traded derivatives 208,555 3,761 (3,764) 146,951 2,231 (2,197) Commodity derivatives 212,966 3,775 (3,815) 151,621 2,287 (2,304) Derivative assets/(liabilities) held for trading 52,164,242 302,665 (288,398) 47,286,623 262,046 (255,471) Total OTC derivatives 21,746,596 256,728 (241,553) 20,818,738 223,098 (216,411) Total derivatives cleared by central counterparty 22,610,926 3,918 (4,134) 19,630,934 2,901 (2,779) Total exchange traded derivatives 7,806,720 42,019 (42,711) 6,836,951 36,047 (36,281) Derivative assets/(liabilities) held for trading 52,164,242 302,665 (288,398) 47,286,623 262,046 (255,471) Derivatives held for risk management Derivatives designated as cash flow hedges Currency Swaps 2,000 175 (12) 1,000 155 — Interest rate swaps 266 12 — 465 — (3) Interest rate derivatives cleared by central counterparty 92,366 — — 63,584 — — Derivatives designated as cash flow hedges 94,632 187 (12) 65,049 155 (3) Derivatives designated as fair value hedges Interest rate swaps 4,561 27 (776) 5,856 53 (1,045) Forward foreign exchange — — — — — — Interest rate derivatives cleared by central counterparty 75,547 — — 52,964 — — Derivatives designated as fair value hedges 80,108 27 (776) 58,820 53 (1,045) Derivatives designated as hedges of net investments Forward foreign exchange 3,888 97 (20) 2,423 37 (4) Derivatives designated as hedges of net investments 3,888 97 (20) 2,423 37 (4) Derivative assets/(liabilities) held for risk management 178,628 311 (808) 126,292 245 (1,052) Total OTC derivatives 10,715 311 (808) 9,744 245 (1,052) Total derivatives cleared by central counterparty 167,913 — — 116,548 — — Derivative assets/(liabilities) held for risk management 178,628 311 (808) 126,292 245 (1,052) |
Significant hedge accounting exposures impacted by the IBOR reform | The following table summarises the significant hedge accounting exposures impacted by the IBOR reform as at 31 December 2022: Barclays Bank Group Nominal amount of hedged items directly impacted by IBOR reform Nominal amount of hedging instruments directly impacted by IBOR reform Current benchmark rate Expected convergence to RFR £m £m USD LIBOR Secured Overnight Financing Rate (SOFR) 19,286 20,104 Canadian Dollar Offered Rate (CDOR) Overnight Repo Rate Average (CORRA) 980 980 Singapore Swap Offered Rate (SOR) Singapore Overnight Rate Average (SORA) 124 124 Total IBOR Notionals 20,390 21,208 |
Hedged items in fair value hedge accounting relationships and Hedged items in cash flow hedge accounting and hedges of net investments in foreign operations | Hedged items in fair value hedges Barclays Bank Group Accumulated fair value adjustment included in carrying amount Carrying amount Total Of which: Accumulated fair value adjustment on items no longer in a hedge relationship Change in fair value used as a basis to determine ineffectiveness Hedge ineffectiveness recognised in the income statement a Hedged item statement of financial position classification and risk category £m £m £m £m £m 2022 Assets Loans and advances at amortised cost - Interest rate risk 1,950 (135) 3 (325) (3) - Inflation risk 445 243 — (111) 2 Debt securities classified as amortised cost - Interest rate risk 159 (19) (11) (133) (20) - Inflation risk 3,854 (1,287) — (1,658) (18) Financial assets at fair value through other comprehensive income b - Interest rate risk 25,044 (3,132) (228) (3,833) 145 - Inflation risk 6,019 (181) 17 (690) (26) Total Assets 37,471 (4,511) (219) (6,750) 80 Liabilities Debt securities in issue - Interest rate risk (34,260) 2,746 (26) 3,577 22 Total Liabilities (34,260) 2,746 (26) 3,577 22 Total Hedged Items 3,211 (1,765) (245) (3,173) 102 2021 Assets Loans and advances at amortised cost - Interest rate risk 1,257 24 6 (77) (1) - Inflation risk 556 354 — 9 — Debt securities classified as amortised cost - Interest rate risk 1,378 (39) — (75) (18) - Inflation risk 4,087 400 — (16) (1) Financial assets at fair value through other comprehensive income b - Interest rate risk 22,895 (293) 28 (1,122) 35 - Inflation risk 6,271 386 (32) 81 10 Total Assets 36,444 832 2 (1,200) 25 Liabilities Debt securities in issue - Interest rate risk (26,691) (622) (320) 769 6 Total Liabilities (26,691) (622) (320) 769 6 Total Hedged Items 9,753 210 (318) (431) 31 Notes a Hedge ineffectiveness is recognised in net interest income. b For items classified as fair value through other comprehensive income, the hedge accounting adjustment is not included in the carrying amount, but rather adjusts other comprehensive income. Hedged items in cash flow hedges and hedges of net investments in foreign operations Barclays Bank Group Change in value of hedged item used as the basis for recognising ineffectiveness Balance in cash flow hedging reserve for continuing hedges Balance in currency translation reserve for continuing hedges Balances remaining in cash flow hedging reserve for which hedge accounting is no longer applied Balances remaining in currency translation reserve for which hedge accounting is no longer applied Hedging gains or losses recognised in other comprehensive income Hedge ineffectiveness recognised in the income statement a Description of hedge relationship and hedged risk £m £m £m £m £m £m £m 2022 Cash flow hedge of: Interest rate risk Loans and advances at amortised cost 7,182 4,625 — 2,900 — 7,182 (197) Foreign exchange risk Loans and advances at amortised cost 3 (13) — — — 3 2 Inflation risk Debt securities classified at amortised cost 362 142 — 16 — 98 33 Total cash flow hedges 7,547 4,754 — 2,916 — 7,283 (162) Hedge of net investment in foreign operations USD foreign operations 922 — 1,767 — — 922 — EUR foreign operations 170 — 127 — — 170 — Other foreign operations 38 — 180 — 88 38 — Total foreign operations 1,130 — 2,074 — 88 1,130 — 2021 Cash flow hedge of: Interest rate risk Loans and advances at amortised cost 2,042 935 — (192) — 2,042 (211) Foreign exchange risk Loans and advances at amortised cost (88) (16) — — — (88) 1 Inflation risk Debt securities classified at amortised cost 252 204 — (12) — 252 (22) Total cash flow hedges 2,206 1,123 — (204) — 2,206 (232) Hedge of net investment in foreign operations USD foreign operations 143 — 1,184 — — 143 — EUR foreign operations (49) — (39) — — (49) — Other foreign operations (3) — 44 — 186 (3) — Total foreign operations 91 — 1,189 — 186 91 — Note a Hedge ineffectiveness is recognised in net interest income |
Hedging instruments which are carried on the Barclays Bank Group's balance sheet | The following table shows the fair value hedging instruments which are carried on the balance sheet: Barclays Bank Group Carrying value Nominal amount Change in fair value used as a basis to determine ineffectiveness Nominal amount directly impacted by IBOR reform Derivative assets Derivative liabilities Loan liabilities Hedge type Risk category £m £m £m £m £m £m As at 31 December 2022 Fair value Interest rate risk — — — 67,613 858 11,987 Inflation risk 27 (776) — 12,495 2,417 2,493 Total 27 (776) — 80,108 3,275 14,480 As at 31 December 2021 Fair value Interest rate risk 53 — — 51,219 527 8,855 Inflation risk — (1,045) — 7,601 (65) 1,624 Total 53 (1,045) — 58,820 462 10,479 The following table shows the cash flow and net investment hedging instruments which are carried on the balance sheet: Barclays Bank Group Carrying value Nominal amount Change in fair value used as a basis to determine ineffectiveness Nominal amount directly impacted by IBOR reform Derivative assets Derivative liabilities Loan liabilities Hedge type Risk category £m £m £m £m £m £m As at 31 December 2022 Cash flow Interest rate risk 12 — — 89,996 (7,379) 6,728 Foreign exchange risk 175 (12) — 2,000 (1) — Inflation risk — — — 2,636 (329) — Total 187 (12) — 94,632 (7,709) 6,728 Net investment Foreign exchange risk 97 (20) (8,368) 12,256 (1,130) — As at 31 December 2021 Cash flow Interest rate risk — — — 59,957 (2,253) 9,896 Foreign exchange risk 155 — — 1,000 89 — Inflation risk — (3) — 4,092 (274) — Total 155 (3) — 65,049 (2,438) 9,896 Net investment Foreign exchange risk 37 (4) (6,933) 9,356 (91) — |
The Expected notional values of current hedging instruments in future years | The following table profiles the expected notional values of current hedging instruments for fair value hedging in future years: 2022 2023 2024 2025 2026 2027 2028 and later As at 31 December 2022 £m £m £m £m £m £m £m Barclays Bank Group Fair value hedges of: Interest rate risk (outstanding notional amount) 67,613 63,902 54,595 47,000 40,170 28,497 26,131 Inflation risk (outstanding notional amount) 12,495 12,064 9,873 8,824 7,477 7,449 6,779 |
Effect on the income statement and OCI of recycling amounts in respect of Cash flow hedges and Net investment hedges of foreign operations | The effect on the income statement and other comprehensive income of recycling amounts in respect of cash flow hedges and net investment hedges of foreign operations is set out in the following table: Barclays Bank Group 2022 2021 Amount recycled from other comprehensive income due to hedged item affecting income statement Amount recycled from other comprehensive income due to sale of investment, or cash flows no longer expected to occur Amount recycled from other comprehensive income due to hedged item affecting income statement Amount recycled from other comprehensive income due to sale of investment, or cash flows no longer expected to occur Description of hedge relationship and hedged risk £m £m £m £m Cash flow hedge of interest rate risk Recycled to net interest income (496) (46) 228 13 Cash flow hedge of foreign exchange risk Recycled to net interest income (1) — 87 — Hedge of net investment in foreign operations Recycled to other income — (58) — (28) A detailed reconciliation of the movements of the cash flow hedging reserve and the currency translation reserve is as follows: Barclays Bank Group 2022 2021 Cash flow hedging reserve Currency translation reserve Cash flow hedging reserve Currency translation reserve £m £m £m £m Balance on 1 January (618) 2,581 1,181 2,736 Currency translation movements (7) 3,483 (6) (92) Hedging losses for the year (7,283) (1,130) (2,206) (91) Amounts reclassified in relation to cash flows affecting profit or loss 543 58 (327) 28 Tax 1,808 — 740 — Balance on 31 December (5,557) 4,992 (618) 2,581 |
Financial assets at fair valu_4
Financial assets at fair value through other comprehensive income (Table) | 12 Months Ended |
Dec. 31, 2022 | |
Financial assets at fair value through other comprehensive income [abstract] | |
Financial assets at fair value through other comprehensive income | Barclays Bank Group 2022 2021 £m £m Debt securities and other eligible bills 44,861 45,854 Equity securities 1 1 Loans and advances 222 53 Financial assets at fair value through other comprehensive income 45,084 45,908 |
Financial liabilities designa_2
Financial liabilities designated at fair value (Table) | 12 Months Ended |
Dec. 31, 2022 | |
Designated financial liabilities at fair value through profit or loss [abstract] | |
Financial assets designated at fair value | Barclays Bank Group 2022 2021 £m £m Loans and advances 1,679 2,813 Debt securities 205 318 Other financial assets 1 — Financial assets designated at fair value 1,885 3,131 Loans and advances 36,511 33,089 Debt securities 3,012 1,937 Equity securities 4,934 4,798 Reverse repurchase agreements and other similar secured lending 164,698 145,186 Other financial assets 88 85 Financial assets mandatorily at fair value 209,243 185,095 Total 211,128 188,226 Barclays Bank Group 2022 2021 Fair value Contractual Fair value Contractual £m £m £m £m Debt securities 57,325 72,728 53,164 61,333 Deposits 41,037 42,455 29,409 29,836 Repurchase agreements and other similar secured borrowing 173,172 173,938 168,075 168,144 Subordinated debt a 521 1,029 483 613 Financial liabilities designated at fair value 272,055 290,150 251,131 259,926 Note a. Subordinated debt measured at fair value was previously disclosed in Note 26 Subordinated Liabilities. From 2021, it is disclosed within Financial Liabilities designated at fair value to better reflect that it is accounted for at fair value. |
Fair value of financial instr_2
Fair value of financial instruments (Tables) | 12 Months Ended |
Dec. 31, 2022 | |
Disclosure of detailed information about financial instruments [abstract] | |
Assets and liabilities held at fair value, disaggregated by valuation technique and by product type | The following table shows Barclays Bank Group’s assets and liabilities that are held at fair value disaggregated by valuation technique (fair value hierarchy) and balance sheet classification: Assets and liabilities held at fair value 2022 2021 Valuation technique using Valuation technique using Level 1 Level 2 Level 3 Total Level 1 Level 2 Level 3 Total Barclays Bank Group £m £m £m £m £m £m £m £m Trading portfolio assets 62,469 64,822 6,480 133,771 80,836 63,754 2,281 146,871 Financial assets at fair value through the income statement 5,647 199,370 6,111 211,128 4,953 177,194 6,079 188,226 Derivative financial assets 10,054 287,749 5,173 302,976 6,150 252,131 4,010 262,291 Financial assets at fair value through other comprehensive income 15,029 30,051 4 45,084 16,070 29,800 38 45,908 Investment property — — 5 5 — — 7 7 Total assets 93,199 581,992 17,773 692,964 108,009 522,879 12,415 643,303 Trading portfolio liabilities (43,679) (28,725) (56) (72,460) (26,701) (26,563) (27) (53,291) Financial liabilities designated at fair value (133) (270,880) (1,042) (272,055) (174) (250,553) (404) (251,131) Derivative financial liabilities (10,823) (272,020) (6,363) (289,206) (6,571) (243,893) (6,059) (256,523) Total liabilities (54,635) (571,625) (7,461) (633,721) (33,446) (521,009) (6,490) (560,945) |
Analysis of movements in Level 3 assets | The following table shows Barclays Bank Group’s Level 3 assets and liabilities that are held at fair value disaggregated by product type: Level 3 Assets and liabilities held at fair value by product type 2022 2021 Assets Liabilities Assets Liabilities Barclays Bank Group £m £m £m £m Interest rate derivatives 2,361 (2,858) 1,091 (1,351) Foreign exchange derivatives 1,513 (1,474) 376 (374) Credit derivatives 290 (603) 323 (709) Equity derivatives 1,009 (1,428) 2,220 (3,625) Corporate debt 1,677 (49) 1,205 (21) Reverse repurchase and repurchase agreements 37 (434) 13 (172) Non-asset backed loans 8,105 — 3,743 — Private equity investments 140 — 148 — Other a 2,641 (615) 3,296 (238) Total 17,773 (7,461) 12,415 (6,490) Note a Other includes commercial real estate loans, asset backed loans, funds and fund-linked products, issued debt, Government and Government sponsored debt, asset backed securities, equities cash products and investment property. The following table summarises the movements in the Level 3 balances during the year. Transfers have been reflected as if they had taken place at the beginning of the year. Assets and liabilities included in disposal groups classified as held for sale and measured at fair value less cost to sell are not included as these are measured at fair value on a non-recurring basis. Asset and liability transfers between Level 2 and Level 3 are primarily due to 1) an increase or decrease in observable market activity related to an input or 2) a change in the significance of the unobservable input, with assets and liabilities classified as Level 3 if an unobservable input is deemed significant. Analysis of movements in Level 3 assets and liabilities As at 1 January 2022 Total gains and (losses) in the period recognised in the income statement Total gains or (losses) recognised in OCI Transfers As at 31 December 2022 Purchases Sales Issues Settlements Trading income b Other income In Out Barclays Bank Group £m £m £m £m £m £m £m £m £m £m £m Corporate debt 389 392 (182) — (18) (39) — — 87 (34) 595 Non-asset backed loans 758 7,009 (2,635) — (19) (264) — — 10 (22) 4,837 Other 1,134 667 (412) — (298) (43) — — 275 (275) 1,048 Trading portfolio assets 2,281 8,068 (3,229) — (335) (346) — — 372 (331) 6,480 Non-asset backed loans 2,985 2,739 (1,019) — (1,203) (262) — — 49 (21) 3,268 Private equity investments 148 35 (59) — (3) 7 12 — — — 140 Other 2,946 6,483 (6,540) — (188) 1 2 — 17 (18) 2,703 Financial assets at fair value through the income statement 6,079 9,257 (7,618) — (1,394) (254) 14 — 66 (39) 6,111 Other 38 — — — (32) — — (2) — — 4 Financial assets at fair value through other comprehensive income 38 — — — (32) — — (2) — — 4 Investment property 7 — (1) — — — (1) — — — 5 Trading portfolio liabilities (27) (23) 8 — — 9 — — (27) 4 (56) Financial liabilities designated at fair value (404) (285) — (98) 82 70 1 — (448) 40 (1,042) Interest rate derivatives (260) (217) — — 54 (467) — — 431 (38) (497) Foreign exchange derivatives 2 — — — (6) 27 — — — 16 39 Credit derivatives (386) (4) (2) — 57 23 — — 11 (12) (313) Equity derivatives (1,405) (213) — — 332 307 — — (11) 571 (419) Net derivative financial instruments a (2,049) (434) (2) — 437 (110) — — 431 537 (1,190) Total 5,925 16,583 (10,842) (98) (1,242) (631) 14 (2) 394 211 10,312 Analysis of movements in Level 3 assets and liabilities As at 1 January 2021 Total gains and (losses) in the period recognised in the income statement Total gains or (losses) recognised in OCI Transfers As at 31 December 2021 Purchases Sales Issues Settlements Trading income b Other income In Out Barclays Bank Group £m £m £m £m £m £m £m £m £m £m £m Corporate debt 151 310 (123) — (12) 38 — — 41 (16) 389 Non-asset backed loans 709 1,580 (1,409) — (85) (1) — — 45 (81) 758 Other 1,003 371 (425) — (57) (49) — — 442 (151) 1,134 Trading portfolio assets 1,863 2,261 (1,957) — (154) (12) — — 528 (248) 2,281 Non-asset backed loans 2,280 1,379 (306) — (248) (59) (174) — 113 — 2,985 Private equity investments 88 68 (7) — (8) — 10 — 35 (38) 148 Other 2,024 11,256 (10,228) — (184) 2 28 — 49 (1) 2,946 Financial assets at fair value through the income statement 4,392 12,703 (10,541) — (440) (57) (136) — 197 (39) 6,079 Non-asset backed loans 106 — — — — — — — — (106) — Other 47 — — — (7) — — (2) — — 38 Financial assets at fair value through other comprehensive income 153 — — — (7) — — (2) — (106) 38 Investment property 10 — (2) — — — (1) — — — 7 Trading portfolio liabilities (28) (5) 23 — — (6) — — (12) 1 (27) Financial liabilities designated at fair value (341) (4) — (101) 66 21 — — (68) 23 (404) Interest rate derivatives (2) 20 — — 105 (255) — — 90 (218) (260) Foreign exchange derivatives 1 — — — 40 (2) — — 10 (47) 2 Credit derivatives (155) (239) 9 — (45) 34 — — 10 — (386) Equity derivatives (1,615) 90 (1) — (15) (3) — — (3) 142 (1,405) Net derivative financial instruments a (1,771) (129) 8 — 85 (226) — — 107 (123) (2,049) Total 4,278 14,826 (12,469) (101) (450) (280) (137) (2) 752 (492) 5,925 Notes a The derivative financial instruments are represented on a net basis. On a gross basis, derivative financial assets are £5,173m (2021: £4,010m) and derivative financial liabilities are £6,363m (2021: £6,059m). b Trading income represents gains and (losses) on Level 3 financial instruments which in the majority are offset by losses and gains on financial instruments disclosed in level 2. |
Analysis of movements in Level 3 liabilities | The following table shows Barclays Bank Group’s Level 3 assets and liabilities that are held at fair value disaggregated by product type: Level 3 Assets and liabilities held at fair value by product type 2022 2021 Assets Liabilities Assets Liabilities Barclays Bank Group £m £m £m £m Interest rate derivatives 2,361 (2,858) 1,091 (1,351) Foreign exchange derivatives 1,513 (1,474) 376 (374) Credit derivatives 290 (603) 323 (709) Equity derivatives 1,009 (1,428) 2,220 (3,625) Corporate debt 1,677 (49) 1,205 (21) Reverse repurchase and repurchase agreements 37 (434) 13 (172) Non-asset backed loans 8,105 — 3,743 — Private equity investments 140 — 148 — Other a 2,641 (615) 3,296 (238) Total 17,773 (7,461) 12,415 (6,490) Note a Other includes commercial real estate loans, asset backed loans, funds and fund-linked products, issued debt, Government and Government sponsored debt, asset backed securities, equities cash products and investment property. The following table summarises the movements in the Level 3 balances during the year. Transfers have been reflected as if they had taken place at the beginning of the year. Assets and liabilities included in disposal groups classified as held for sale and measured at fair value less cost to sell are not included as these are measured at fair value on a non-recurring basis. Asset and liability transfers between Level 2 and Level 3 are primarily due to 1) an increase or decrease in observable market activity related to an input or 2) a change in the significance of the unobservable input, with assets and liabilities classified as Level 3 if an unobservable input is deemed significant. Analysis of movements in Level 3 assets and liabilities As at 1 January 2022 Total gains and (losses) in the period recognised in the income statement Total gains or (losses) recognised in OCI Transfers As at 31 December 2022 Purchases Sales Issues Settlements Trading income b Other income In Out Barclays Bank Group £m £m £m £m £m £m £m £m £m £m £m Corporate debt 389 392 (182) — (18) (39) — — 87 (34) 595 Non-asset backed loans 758 7,009 (2,635) — (19) (264) — — 10 (22) 4,837 Other 1,134 667 (412) — (298) (43) — — 275 (275) 1,048 Trading portfolio assets 2,281 8,068 (3,229) — (335) (346) — — 372 (331) 6,480 Non-asset backed loans 2,985 2,739 (1,019) — (1,203) (262) — — 49 (21) 3,268 Private equity investments 148 35 (59) — (3) 7 12 — — — 140 Other 2,946 6,483 (6,540) — (188) 1 2 — 17 (18) 2,703 Financial assets at fair value through the income statement 6,079 9,257 (7,618) — (1,394) (254) 14 — 66 (39) 6,111 Other 38 — — — (32) — — (2) — — 4 Financial assets at fair value through other comprehensive income 38 — — — (32) — — (2) — — 4 Investment property 7 — (1) — — — (1) — — — 5 Trading portfolio liabilities (27) (23) 8 — — 9 — — (27) 4 (56) Financial liabilities designated at fair value (404) (285) — (98) 82 70 1 — (448) 40 (1,042) Interest rate derivatives (260) (217) — — 54 (467) — — 431 (38) (497) Foreign exchange derivatives 2 — — — (6) 27 — — — 16 39 Credit derivatives (386) (4) (2) — 57 23 — — 11 (12) (313) Equity derivatives (1,405) (213) — — 332 307 — — (11) 571 (419) Net derivative financial instruments a (2,049) (434) (2) — 437 (110) — — 431 537 (1,190) Total 5,925 16,583 (10,842) (98) (1,242) (631) 14 (2) 394 211 10,312 Analysis of movements in Level 3 assets and liabilities As at 1 January 2021 Total gains and (losses) in the period recognised in the income statement Total gains or (losses) recognised in OCI Transfers As at 31 December 2021 Purchases Sales Issues Settlements Trading income b Other income In Out Barclays Bank Group £m £m £m £m £m £m £m £m £m £m £m Corporate debt 151 310 (123) — (12) 38 — — 41 (16) 389 Non-asset backed loans 709 1,580 (1,409) — (85) (1) — — 45 (81) 758 Other 1,003 371 (425) — (57) (49) — — 442 (151) 1,134 Trading portfolio assets 1,863 2,261 (1,957) — (154) (12) — — 528 (248) 2,281 Non-asset backed loans 2,280 1,379 (306) — (248) (59) (174) — 113 — 2,985 Private equity investments 88 68 (7) — (8) — 10 — 35 (38) 148 Other 2,024 11,256 (10,228) — (184) 2 28 — 49 (1) 2,946 Financial assets at fair value through the income statement 4,392 12,703 (10,541) — (440) (57) (136) — 197 (39) 6,079 Non-asset backed loans 106 — — — — — — — — (106) — Other 47 — — — (7) — — (2) — — 38 Financial assets at fair value through other comprehensive income 153 — — — (7) — — (2) — (106) 38 Investment property 10 — (2) — — — (1) — — — 7 Trading portfolio liabilities (28) (5) 23 — — (6) — — (12) 1 (27) Financial liabilities designated at fair value (341) (4) — (101) 66 21 — — (68) 23 (404) Interest rate derivatives (2) 20 — — 105 (255) — — 90 (218) (260) Foreign exchange derivatives 1 — — — 40 (2) — — 10 (47) 2 Credit derivatives (155) (239) 9 — (45) 34 — — 10 — (386) Equity derivatives (1,615) 90 (1) — (15) (3) — — (3) 142 (1,405) Net derivative financial instruments a (1,771) (129) 8 — 85 (226) — — 107 (123) (2,049) Total 4,278 14,826 (12,469) (101) (450) (280) (137) (2) 752 (492) 5,925 Notes a The derivative financial instruments are represented on a net basis. On a gross basis, derivative financial assets are £5,173m (2021: £4,010m) and derivative financial liabilities are £6,363m (2021: £6,059m). b Trading income represents gains and (losses) on Level 3 financial instruments which in the majority are offset by losses and gains on financial instruments disclosed in level 2. |
Unrealised gains and losses on Level 3 financial assets and liabilities | The following tables disclose the unrealised gains and losses recognised in the year arising on Level 3 financial assets and liabilities held at year end. Unrealised gains and (losses) recognised during the period on Level 3 assets and liabilities held at year end 2022 2021 Income statement Other compre- Income statement Other Barclays Bank Group Trading income a Other income Total Trading income a Other income Total As at 31 December £m £m £m £m £m £m £m £m Trading portfolio assets (290) — — (290) (67) — — (67) Financial assets at fair value through the income statement (152) 9 — (143) (53) 22 — (31) Fair value through other comprehensive income — — — — — — — — Investment property — (1) — (1) — — — — Trading portfolio liabilities 8 — — 8 (5) — — (5) Financial liabilities designated at fair value 55 — — 55 16 (1) — 15 Net derivative financial instruments (80) — — (80) (196) — — (196) Total (459) 8 — (451) (305) 21 — (284) Note a. Trading income represents gains and (losses) on Level 3 financial instruments which in the majority are offset by losses and gains on financial instruments disclosed in level 2. |
Significant unobservable inputs, assets | The following table discloses the valuation techniques and significant unobservable inputs for assets and liabilities recognised at fair value and classified as Level 3 along with the range of values used for those significant unobservable inputs: Valuation technique(s) a Significant unobservable inputs 2022 2021 Range Range Barclays Bank Group Min Max Min Max Units b Derivative financial instruments c Interest rate derivatives Discounted cash flows Inflation forwards 3 5 0 3 % Credit spread 17 2,159 9 1,848 bps Yield (3) 56 — — % Correlation Model Inflation forwards (20) (13) (20) (13) % Option model Inflation volatility 49 315 31 130 bps vol Interest rate volatility 36 430 5 600 bps vol Option volatility 57 60 — — £m FX - IR correlation (20) 78 (20) 78 % IR - IR correlation 12 99 (100) 99 % Credit derivatives Discounted cash flows Credit spread 3 2,943 2 2,925 bps Comparable pricing Price 79 92 — — points Equity derivatives Option model Equity volatility 3 140 2 108 % Equity - equity correlation 40 100 10 100 % Discounted cash flow Discounted margin (205) 634 (129) 93 bps Foreign exchange derivatives Option Model Option Volatility 0 100 0 100 points Discount cash flows Yield (3) 4 — — % Non-derivative financial instruments Non-asset backed loans Discounted cash flows Loan spread 51 801 31 811 bps Credit spread 200 300 200 300 bps Yield 5 34 3 10 % Comparable pricing Price 0 101 0 145 points Corporate debt Comparable pricing Price 0 232 0 284 points Discounted cash flows Loan spread 229 834 229 854 bps Commercial Real Estate loans Discounted cash flows Credit spread 267 426 68 543 bps Reverse repurchase and repurchase agreements Discounted cash flows Repo spread 321 502 — — bps Issued debt Discounted cash flows Credit spread 73 548 — — bps Option model Equity volatility 3 111 — — % Interest rate volatility 42 261 — — bps vol Notes a A range has not been provided for Net Asset Value as there would be a wide range reflecting the diverse nature of the positions. b The units used to disclose ranges for significant unobservable inputs are percentages, points and basis points. Points are a percentage of par; for example, 100 points equals 100% of par. A basis point equals 1/100th of 1%; for example, 150 basis points equals 1.5%. c Certain derivative instruments are classified as Level 3 due to a significant unobservable credit spread input into the calculation of the Credit Valuation Adjustment for the instruments. The range of significant unobservable credit spreads is between 17bps- 2,159bps (2021: 32bps-1,848bps). |
Significant unobservable inputs, liabilities | The following table discloses the valuation techniques and significant unobservable inputs for assets and liabilities recognised at fair value and classified as Level 3 along with the range of values used for those significant unobservable inputs: Valuation technique(s) a Significant unobservable inputs 2022 2021 Range Range Barclays Bank Group Min Max Min Max Units b Derivative financial instruments c Interest rate derivatives Discounted cash flows Inflation forwards 3 5 0 3 % Credit spread 17 2,159 9 1,848 bps Yield (3) 56 — — % Correlation Model Inflation forwards (20) (13) (20) (13) % Option model Inflation volatility 49 315 31 130 bps vol Interest rate volatility 36 430 5 600 bps vol Option volatility 57 60 — — £m FX - IR correlation (20) 78 (20) 78 % IR - IR correlation 12 99 (100) 99 % Credit derivatives Discounted cash flows Credit spread 3 2,943 2 2,925 bps Comparable pricing Price 79 92 — — points Equity derivatives Option model Equity volatility 3 140 2 108 % Equity - equity correlation 40 100 10 100 % Discounted cash flow Discounted margin (205) 634 (129) 93 bps Foreign exchange derivatives Option Model Option Volatility 0 100 0 100 points Discount cash flows Yield (3) 4 — — % Non-derivative financial instruments Non-asset backed loans Discounted cash flows Loan spread 51 801 31 811 bps Credit spread 200 300 200 300 bps Yield 5 34 3 10 % Comparable pricing Price 0 101 0 145 points Corporate debt Comparable pricing Price 0 232 0 284 points Discounted cash flows Loan spread 229 834 229 854 bps Commercial Real Estate loans Discounted cash flows Credit spread 267 426 68 543 bps Reverse repurchase and repurchase agreements Discounted cash flows Repo spread 321 502 — — bps Issued debt Discounted cash flows Credit spread 73 548 — — bps Option model Equity volatility 3 111 — — % Interest rate volatility 42 261 — — bps vol Notes a A range has not been provided for Net Asset Value as there would be a wide range reflecting the diverse nature of the positions. b The units used to disclose ranges for significant unobservable inputs are percentages, points and basis points. Points are a percentage of par; for example, 100 points equals 100% of par. A basis point equals 1/100th of 1%; for example, 150 basis points equals 1.5%. c Certain derivative instruments are classified as Level 3 due to a significant unobservable credit spread input into the calculation of the Credit Valuation Adjustment for the instruments. The range of significant unobservable credit spreads is between 17bps- 2,159bps (2021: 32bps-1,848bps). |
Sensitivity analysis of valuations using unobservable inputs, assets | In general, a significant increase in loan spreads in isolation will result in a fair value decrease for a loan. Sensitivity analysis of valuations using unobservable inputs 2022 2021 Favourable changes Unfavourable changes Favourable changes Unfavourable changes Income statement Equity Income statement Equity Income statement Equity Income statement Equity Barclays Bank Group £m £m £m £m £m £m £m £m Interest rate derivatives 119 — (155) — 51 — (79) — Foreign exchange derivatives 16 — (22) — 20 — (28) — Credit derivatives 79 — (71) — 112 — (103) — Equity derivatives 161 — (168) — 181 — (190) — Corporate debt 45 — (27) — 38 — (28) — Non asset backed loans 244 — (450) — 99 — (150) — Private equity investments 10 — (10) — 10 — (11) — Other a 53 — (64) — 44 — (62) — Total 727 — (967) — 555 — (651) — Note a Other includes asset backed loans, equity cash products and funds and fund-linked products. |
Sensitivity analysis of valuations using unobservable inputs, liabilities | In general, a significant increase in loan spreads in isolation will result in a fair value decrease for a loan. Sensitivity analysis of valuations using unobservable inputs 2022 2021 Favourable changes Unfavourable changes Favourable changes Unfavourable changes Income statement Equity Income statement Equity Income statement Equity Income statement Equity Barclays Bank Group £m £m £m £m £m £m £m £m Interest rate derivatives 119 — (155) — 51 — (79) — Foreign exchange derivatives 16 — (22) — 20 — (28) — Credit derivatives 79 — (71) — 112 — (103) — Equity derivatives 161 — (168) — 181 — (190) — Corporate debt 45 — (27) — 38 — (28) — Non asset backed loans 244 — (450) — 99 — (150) — Private equity investments 10 — (10) — 10 — (11) — Other a 53 — (64) — 44 — (62) — Total 727 — (967) — 555 — (651) — Note a Other includes asset backed loans, equity cash products and funds and fund-linked products. |
Fair value adjustments | Key balance sheet valuation adjustments are quantified below: 2022 2021 Barclays Bank Group £m £m Exit price adjustments derived from market bid-offer spreads (566) (498) Uncollateralised derivative funding (11) (127) Derivative credit valuation adjustments (319) (212) Derivative debit valuation adjustments 208 91 |
Comparison of carrying amounts and fair values for assets and liabilities not held at fair value | The following tables summarises the fair value of financial assets and liabilities measured at amortised cost on Barclays Bank Group’s and Barclays Bank PLC's balance sheet: Barclays Bank Group 2022 2021 Carrying amount Fair value Level 1 Level 2 Level 3 Carrying amount Fair value Level 1 Level 2 Level 3 As at 31 December £m £m £m £m £m £m £m £m £m £m Financial assets Loans and advances at amortised cost 182,507 181,727 14,210 86,559 80,958 145,259 145,665 15,406 63,948 66,311 Reverse repurchase agreements and other similar secured lending 725 725 — 725 — 3,177 3,177 — 3,177 — Financial liabilities Deposits at amortised cost (291,579) (291,552) (176,959) (114,267) (326) (262,828) (262,843) (180,829) (82,014) — Repurchase agreements and other similar secured borrowing (11,965) (11,966) — (11,966) — (12,769) (12,776) — (12,776) — Debt securities in issue (60,012) (59,895) — (57,954) (1,941) (48,388) (48,350) — (46,201) (2,149) Subordinated liabilities (38,253) (38,686) — (38,465) (220) (32,185) (33,598) — (33,598) — |
Offsetting financial assets a_2
Offsetting financial assets and financial liabilities (Table) | 12 Months Ended |
Dec. 31, 2022 | |
Offsetting financial assets and financial liabilities | |
Offsetting of financial assets | Barclays Bank Group Amounts subject to enforceable netting arrangements Amounts not subject to enforceable netting arrangements c Balance sheet total d Effects of offsetting on-balance sheet Related amounts not offset Gross amounts Amounts offset a Net amounts reported on the balance sheet Financial instruments Financial collateral b Net amount As at 31 December 2022 £m £m £m £m £m £m £m £m Derivative financial assets 374,848 (76,429) 298,419 (238,062) (45,920) 14,437 4,557 302,976 Reverse repurchase agreements and other similar secured lending e 560,060 (397,439) 162,621 — (161,992) 629 2,802 165,423 Total assets 934,908 (473,868) 461,040 (238,062) (207,912) 15,066 7,359 468,399 Derivative financial liabilities (360,242) 76,530 (283,712) 238,062 26,407 (19,243) (5,494) (289,206) Repurchase agreements and other similar secured borrowing e (573,332) 397,439 (175,893) — 175,893 — (9,244) (185,137) Total liabilities (933,574) 473,969 (459,605) 238,062 202,300 (19,243) (14,738) (474,343) As at 31 December 2021 Derivative financial assets 279,286 (24,137) 255,149 (202,347) (39,953) 12,849 7,142 262,291 Reverse repurchase agreements and other similar secured lending e 519,855 (375,376) 144,479 — (143,976) 503 3,884 148,363 Total assets 799,141 (399,513) 399,628 (202,347) (183,929) 13,352 11,026 410,654 Derivative financial liabilities (273,996) 23,606 (250,390) 202,347 34,151 (13,892) (6,133) (256,523) Repurchase agreements and other similar secured borrowing e (540,462) 375,376 (165,086) — 165,086 — (15,758) (180,844) Total liabilities (814,458) 398,982 (415,476) 202,347 199,237 (13,892) (21,891) (437,367) Notes a Amounts offset for derivative financial assets additionally includes cash collateral netted of £15,199m (2021: £3,815m). Amounts offset for derivative financial liabilities additionally includes cash collateral netted of £15,098m (2021: £4,346m). Settlements assets and liabilities have been offset amounting to £24,250m (2021: £22,837m). b Financial collateral of £45,920m (2021: £39,953m) was received in respect of derivative assets, including £34,496m (2021: £34,149m) of cash collateral and £11,424m (2021: £5,804m) of non-cash collateral. Financial collateral of £26,407m (2021: £34,151m) was placed in respect of derivative liabilities, including £24,990m (2021: £31,861m) of cash collateral and £1,417m (2021: £2,290m) of non-cash collateral. The collateral amounts are limited to net balance sheet exposure so as to not include over-collateralisation. c This column includes contractual rights of set-off that are subject to uncertainty under the laws of the relevant jurisdiction. d The balance sheet total is the sum of ‘Net amounts reported on the balance sheet’ that are subject to enforceable netting arrangements and ‘Amounts not subject to enforceable netting arrangements’. e Reverse Repurchase agreements and other similar secured lending of £165,423m (2021: £148,363m) is split by fair value £164,698m (2021: £145,186m) and amortised cost £725m (2021: £3,177m). Repurchase agreements and other similar secured borrowing of £185,137m (2021: £180,844m) is split by fair value £173,172m (2021: £168,075m) and amortised cost £11,965m (2021: £12,769m). |
Offsetting of financial liabilities | Barclays Bank Group Amounts subject to enforceable netting arrangements Amounts not subject to enforceable netting arrangements c Balance sheet total d Effects of offsetting on-balance sheet Related amounts not offset Gross amounts Amounts offset a Net amounts reported on the balance sheet Financial instruments Financial collateral b Net amount As at 31 December 2022 £m £m £m £m £m £m £m £m Derivative financial assets 374,848 (76,429) 298,419 (238,062) (45,920) 14,437 4,557 302,976 Reverse repurchase agreements and other similar secured lending e 560,060 (397,439) 162,621 — (161,992) 629 2,802 165,423 Total assets 934,908 (473,868) 461,040 (238,062) (207,912) 15,066 7,359 468,399 Derivative financial liabilities (360,242) 76,530 (283,712) 238,062 26,407 (19,243) (5,494) (289,206) Repurchase agreements and other similar secured borrowing e (573,332) 397,439 (175,893) — 175,893 — (9,244) (185,137) Total liabilities (933,574) 473,969 (459,605) 238,062 202,300 (19,243) (14,738) (474,343) As at 31 December 2021 Derivative financial assets 279,286 (24,137) 255,149 (202,347) (39,953) 12,849 7,142 262,291 Reverse repurchase agreements and other similar secured lending e 519,855 (375,376) 144,479 — (143,976) 503 3,884 148,363 Total assets 799,141 (399,513) 399,628 (202,347) (183,929) 13,352 11,026 410,654 Derivative financial liabilities (273,996) 23,606 (250,390) 202,347 34,151 (13,892) (6,133) (256,523) Repurchase agreements and other similar secured borrowing e (540,462) 375,376 (165,086) — 165,086 — (15,758) (180,844) Total liabilities (814,458) 398,982 (415,476) 202,347 199,237 (13,892) (21,891) (437,367) Notes a Amounts offset for derivative financial assets additionally includes cash collateral netted of £15,199m (2021: £3,815m). Amounts offset for derivative financial liabilities additionally includes cash collateral netted of £15,098m (2021: £4,346m). Settlements assets and liabilities have been offset amounting to £24,250m (2021: £22,837m). b Financial collateral of £45,920m (2021: £39,953m) was received in respect of derivative assets, including £34,496m (2021: £34,149m) of cash collateral and £11,424m (2021: £5,804m) of non-cash collateral. Financial collateral of £26,407m (2021: £34,151m) was placed in respect of derivative liabilities, including £24,990m (2021: £31,861m) of cash collateral and £1,417m (2021: £2,290m) of non-cash collateral. The collateral amounts are limited to net balance sheet exposure so as to not include over-collateralisation. c This column includes contractual rights of set-off that are subject to uncertainty under the laws of the relevant jurisdiction. d The balance sheet total is the sum of ‘Net amounts reported on the balance sheet’ that are subject to enforceable netting arrangements and ‘Amounts not subject to enforceable netting arrangements’. e Reverse Repurchase agreements and other similar secured lending of £165,423m (2021: £148,363m) is split by fair value £164,698m (2021: £145,186m) and amortised cost £725m (2021: £3,177m). Repurchase agreements and other similar secured borrowing of £185,137m (2021: £180,844m) is split by fair value £173,172m (2021: £168,075m) and amortised cost £11,965m (2021: £12,769m). |
Loans and advances and deposi_2
Loans and advances and deposits at amortised cost (Table) | 12 Months Ended |
Dec. 31, 2022 | |
Loans and advances and deposits at amortised cost | |
Loans and advances at amortised cost | Financial assets at fair value through other comprehensive income Accounting for financial assets at fair value through other comprehensive income (FVOCI) Financial assets that are debt instruments held in a business model that is achieved by both collecting contractual cash flows and selling and that contain contractual terms that give rise on specified dates to cash flows that are SPPI are measured at FVOCI. They are subsequently re-measured at fair value and changes therein (except for those relating to impairment, interest income and foreign currency exchange gains and losses) are recognised in other comprehensive income until the assets are sold. Interest (calculated using the effective interest method) is recognised in the income statement in net interest income (Note 3). Upon disposal, the cumulative gain or loss recognised in other comprehensive income is included in net investment income (Note 6). In determining whether the business model is achieved by both collecting contractual cash flows and selling financial assets, it is determined that both collecting contractual cash flows and selling financial assets are integral to achieving the objective of the business model. The Barclays Bank Group will consider past sales and expectations about future sales to establish if the business model is achieved. For equity securities that are not held for trading, the Barclays Bank Group may make an irrevocable election on initial recognition to present subsequent changes in the fair value of the instrument in other comprehensive income (except for dividend income which is recognised in profit or loss). Gains or losses on the de-recognition of these equity securities are not transferred to profit or loss. These assets are also not subject to the impairment requirements and therefore no amounts are recycled to the income statement. Where the Barclays Bank Group has not made the irrevocable election to present subsequent changes in the fair value of the instrument in other comprehensive income, equity securities are measured at fair value through profit or loss. Barclays Bank Group 2022 2021 £m £m Debt securities and other eligible bills 44,861 45,854 Equity securities 1 1 Loans and advances 222 53 Financial assets at fair value through other comprehensive income 45,084 45,908 Loans and advances and deposits at amortised cost Barclays Bank Group 2022 2021 As at 31 December £m £m Loans and advances at amortised cost to banks 8,961 8,750 Loans and advances at amortised cost to customers 146,243 117,014 Debt securities at amortised cost 27,303 19,495 Total loans and advances at amortised cost 182,507 145,259 Deposits at amortised cost from banks 20,124 17,911 Deposits at amortised cost from customers 271,455 244,917 Total deposits at amortised cost 291,579 262,828 |
Deposits at amortised cost | Financial liabilities designated at fair value Accounting for liabilities designated at fair value through profit and loss In accordance with IFRS 9, financial liabilities may be designated at fair value, with gains and losses taken to the income statement within net trading income (Note 5) and net investment income (Note 6). Movements in own credit are reported through other comprehensive income, unless the effects of changes in the liability's credit risk would create or enlarge an accounting mismatch in profit and loss. In these scenarios, all gains and losses on that liability (including the effects of changes in the credit risk of the liability) are presented in profit and loss. On derecognition of the financial liability no amounts relating to own credit risk are recycled to the income statement. The Barclays Bank Group has the ability to make the fair value designation when holding the instruments at fair value reduces an accounting mismatch (caused by an offsetting liability or asset being held at fair value), or is managed by the Barclays Bank Group on the basis of its fair value, or includes terms that have substantive derivative characteristics (Note 13). The details on how the fair value amounts are arrived at for financial liabilities designated at fair value are described in Note 16. Barclays Bank Group 2022 2021 Fair value Contractual Fair value Contractual £m £m £m £m Debt securities 57,325 72,728 53,164 61,333 Deposits 41,037 42,455 29,409 29,836 Repurchase agreements and other similar secured borrowing 173,172 173,938 168,075 168,144 Subordinated debt a 521 1,029 483 613 Financial liabilities designated at fair value 272,055 290,150 251,131 259,926 The cumulative own credit net gain recognised for Barclays Bank Group is £674m (2021: £960m) and for Barclays Bank PLC it is £689m (2021: £837m) Note a. Subordinated debt measured at fair value was previously disclosed in Note 26 Subordinated Liabilities. From 2021, it is disclosed within Financial Liabilities designated at fair value to better reflect that it is accounted for at fair value. Loans and advances and deposits at amortised cost Barclays Bank Group 2022 2021 As at 31 December £m £m Loans and advances at amortised cost to banks 8,961 8,750 Loans and advances at amortised cost to customers 146,243 117,014 Debt securities at amortised cost 27,303 19,495 Total loans and advances at amortised cost 182,507 145,259 Deposits at amortised cost from banks 20,124 17,911 Deposits at amortised cost from customers 271,455 244,917 Total deposits at amortised cost 291,579 262,828 |
Property, plant and equipment (
Property, plant and equipment (Table) | 12 Months Ended |
Dec. 31, 2022 | |
Disclosure of detailed information about property, plant and equipment [abstract] | |
Detailed disclosure of property, plant and equipment | The Barclays Bank Group uses the following annual rates in calculating depreciation: Annual rates in calculating depreciation Depreciation rate Freehold land Not depreciated Freehold buildings and long-leasehold property (more than 50 years to run) 2%-3.3% Leasehold property over the remaining life of the lease (less than 50 years to run) Over the remaining life of the lease Costs of adaptation of freehold and leasehold property 6%-10% Equipment installed in freehold and leasehold property 6%-10% Computers and similar equipment 17%-33% Fixtures and fittings and other equipment 9%-20% Barclays Bank Group Investment property Property Equipment Right of use assets a Total £m £m £m £m £m Cost As at 1 January 2022 7 1,702 1,058 715 3,482 Additions — 93 79 20 192 Disposals b (1) (269) (212) (14) (496) Exchange and other movements (1) 98 114 60 271 As at 31 December 2022 5 1,624 1,039 781 3,449 Accumulated depreciation and impairment As at 1 January 2022 — (920) (877) (437) (2,234) Depreciation charge — (70) (61) (69) (200) Impairment charge — — — (13) (13) Disposals — 269 209 16 494 Exchange and other movements — (61) (46) (10) (117) As at 31 December 2022 — (782) (775) (513) (2,070) Net book value 5 842 264 268 1,379 Cost As at 1 January 2021 10 1,619 987 688 3,304 Additions — 85 70 27 182 Disposals (2) (32) (12) (58) (104) Exchange and other movements (1) 30 13 58 100 As at 31 December 2021 7 1,702 1,058 715 3,482 Accumulated depreciation and impairment As at 1 January 2021 — (730) (821) (216) (1,767) Depreciation charge — (70) (55) (68) (193) Impairment charge — (108) — (160) (268) Disposals — 27 10 9 46 Exchange and other movements — (39) (11) (2) (52) As at 31 December 2021 — (920) (877) (437) (2,234) Net book value 7 782 181 278 1,248 Notes a Right of use (ROU) asset balances relate to Property Leases under IFRS 16. Refer to Note 20 for further details. b Disposals pertain to fully depreciated assets which are not in use. |
Leases (Tables)
Leases (Tables) | 12 Months Ended |
Dec. 31, 2022 | |
Leases | |
Lease liabilities and Lease liabilities maturity analysis | Lease liabilities Barclays Bank Group 2022 2021 £m £m As at 1 January 495 515 Interest expense 18 20 New leases 18 38 Disposals (4) (45) Cash payments (89) (92) Exchange and other movements 58 59 As at 31 December (see Note 22) 496 495 The below table sets out a maturity analysis of undiscounted lease liabilities, showing the lease payments after the reporting date. Undiscounted lease liabilities maturity analysis Barclays Bank Group 2022 2021 £m £m Not more than one year 91 81 One to two years 94 77 Two to three years 80 74 Three to four years 66 66 Four to five years 66 60 Five to ten years 181 210 Greater than ten years 19 30 Total undiscounted lease liabilities as at 31 December 597 598 |
Goodwill and intangible assets
Goodwill and intangible assets (Tables) | 12 Months Ended |
Dec. 31, 2022 | |
Intangible assets and goodwill [abstract] | |
Goodwill and intangible assets, amortisation periods | Intangible assets are stated at cost (which is, in the case of assets acquired in a business combination, the acquisition date fair value) less accumulated amortisation and provisions for impairment, if any, and are amortised over their useful lives in a manner that reflects the pattern to which they contribute to future cash flows, generally using the amortisation periods set out below: Annual rates in calculating amortisation Amortisation period Goodwill Not amortised Internally generated software a 12 months to 6 years Other software 12 months to 6 years Customer lists 12 months to 25 years Licences and other 12 months to 25 years Note a Exceptions to the above period relate to useful lives of certain core banking platforms that are assessed individually and, if appropriate, amortised over longer periods ranging from 10 years to 15 years. |
Intangible assets | Intangible assets Goodwill Internally generated software Other software Customer lists Licences and other Total £m £m £m £m £m £m Barclays Bank Group Cost As at 1 January 2022 326 1,508 95 1,339 876 4,144 Additions — 275 — 76 17 368 Disposals a — (427) (13) (12) (33) (485) Exchange and other movements 19 121 9 159 96 404 As at 31 December 2022 345 1,477 91 1,562 956 4,431 Accumulated amortisation and impairment As at 1 January 2022 (68) (966) (52) (1,207) (402) (2,695) Disposals a — 427 13 12 33 485 Amortisation charge — (153) (6) (44) (67) (270) Impairment charge — — — — — — Exchange and other movements — (95) (4) (143) (44) (286) As at 31 December 2022 (68) (787) (49) (1,382) (480) (2,766) Net book value 277 690 42 180 476 1,665 Goodwill Internally generated software Other software Customer lists Licences and other Total £m £m £m £m £m £m Barclays Bank Group Cost As at 1 January 2021 324 1,539 106 1,325 457 3,751 Additions b — 195 1 — 405 601 Disposals a — (148) (12) (5) (2) (167) Exchange and other movements 2 (78) 0 19 16 (41) As at 31 December 2021 326 1,508 95 1,339 876 4,144 Accumulated amortisation and impairment As at 1 January 2021 (68) (964) (55) (1,158) (352) (2,597) Disposals a — 148 12 5 2 167 Amortisation charge — (126) (6) (36) (42) (210) Impairment charge — (12) — — — (12) Exchange and other movements — (12) (3) (18) (10) (43) As at 31 December 2021 (68) (966) (52) (1,207) (402) (2,695) Net book value 258 542 43 132 474 1,449 Note a. Disposals pertain to fully amortised assets which are not in use. b. Additions in 'Licences and other' primarily relate to new and renewed long-term partnership agreements. |
Goodwill | Goodwill Goodwill is allocated to business operations according to business segments as follows: Barclays Bank Group 2022 2021 £m £m Consumer, Cards and Payments 277 258 Total net book value of goodwill 277 258 |
Other liabilities (Table)
Other liabilities (Table) | 12 Months Ended |
Dec. 31, 2022 | |
Accruals and deferred income including contract liabilities [abstract] | |
Other liabilities | Barclays Bank Group 2022 2021 £m £m Accruals and deferred income 2,973 2,657 Other creditors 7,255 4,030 Items in the course of collection due to other banks 55 67 Lease liabilities (refer to Note 20) 496 495 Other liabilities 10,779 7,249 |
Provisions (Table)
Provisions (Table) | 12 Months Ended |
Dec. 31, 2022 | |
Provisions [abstract] | |
Provisions | Onerous contracts Redundancy and restructuring Undrawn contractually committed facilities and guarantees provided a Customer redress Legal, competition and regulatory matters Sundry provisions Total £m £m £m £m £m £m £m Barclays Bank Group As at 1 January 2022 2 46 499 266 211 86 1,110 Additions — 59 133 846 422 49 1,509 Amounts utilised (1) (42) — (1,154) (542) (9) (1,748) Unused amounts reversed (1) (19) (123) (76) (15) (13) (247) Exchange and other movements — 1 23 164 37 9 234 As at 31 December 2022 — 45 532 46 113 122 858 Note a. Undrawn contractually committed facilities and guarantees provisions are accounted for under IFRS 9 |
Contingent liabilities and co_2
Contingent liabilities and commitments (Table) | 12 Months Ended |
Dec. 31, 2022 | |
Disclosure of contingent liabilities [abstract] | |
Contingent liabilities and commitments | The following table summarises the nominal principal amount of contingent liabilities and commitments which are not recorded on-balance sheet: Barclays Bank Group 2022 2021 £m £m Guarantees and letters of credit pledged as collateral security 17,700 15,759 Performance guarantees, acceptances and endorsements 8,100 7,987 Total contingent liabilities and financial guarantees 25,800 23,746 Of which: Financial guarantees carried at fair value 1,423 231 Documentary credits and other short-term trade related transactions 1,748 1,584 Standby facilities, credit lines and other commitments 333,229 282,867 Total commitments 334,977 284,451 Of which: Loan commitments carried at fair value 13,471 18,571 |
Subordinated Liabilities (Table
Subordinated Liabilities (Tables) | 12 Months Ended |
Dec. 31, 2022 | |
Subordinated liabilities [abstract] | |
Subordinated liabilities | Barclays Bank Group 2022 2021 £m £m At amortised cost As at 1 January 32,185 32,005 Issuances 15,381 9,099 Redemptions (8,367) (7,241) Other (946) (1,678) As at 31 December 38,253 32,185 Designated at fair value (Note 15) 521 483 Total subordinated liabilities 38,774 32,668 Subordinated liabilities include accrued interest and comprise undated and dated subordinated liabilities as follows: Barclays Bank Group 2022 2021 £m £m Undated subordinated liabilities 538 795 Dated subordinated liabilities 38,236 31,873 Total subordinated liabilities 38,774 32,668 Undated subordinated liabilities Barclays Bank Group 2022 2021 Initial call date £m £m Barclays Bank PLC externally issued subordinated liabilities Tier One Notes (TONs) 6% Callable Perpetual Core Tier One Notes a 2032 — 15 6.86% Callable Perpetual Core Tier One Notes (USD 179m) a 2032 — 194 Reserve Capital Instruments (RCIs) 5.3304% Step-up Callable Perpetual Reserve Capital Instruments a 2036 — 51 Undated Notes 6.125% Undated Subordinated Notes 2027 34 39 Junior Undated Floating Rate Notes (USD 38m) Any interest payment date 32 28 Undated Floating Rate Primary Capital Notes Series 1 (USD 167m) Any interest payment date 102 90 Undated Floating Rate Primary Capital Notes Series 2 (USD 295m) Any interest payment date 210 189 Undated Floating Rate Primary Capital Notes Series 3 Any interest payment date — 21 Bonds 9% Permanent Interest Bearing Capital Bonds (GBP 40m) At any time 40 42 Loans 5.03% Reverse Dual Currency Undated Subordinated Loan (JPY 8,000m) 2028 49 51 5% Reverse Dual Currency Undated Subordinated Loan (JPY 12,000m) 2028 71 75 Total undated subordinated liabilities 538 795 Note a The GBP 6% Callable Perpetual Core Tier One Notes, USD 6.86% Callable Perpetual Core Tier One Notes and GBP 5.3304% Step-up Callable Perpetual Reserve Capital Instruments were redeemed by exercising a regulatory call option in 2022. Dated subordinated liabilities Barclays Bank Group 2022 2021 Initial call date Maturity date £m £m Barclays Bank PLC externally issued subordinated liabilities 7.625% Contingent Capital Notes (USD 3,000m) 2022 — 1,159 6.625% Fixed Rate Subordinated Notes (EUR 1,000m) 2022 — 889 Subordinated Floating Rate Notes (EUR 50m) 2022 — 42 Subordinated Floating Rate Notes (EUR 50m) 2023 44 42 5.75% Fixed Rate Subordinated Notes 2026 280 322 5.4% Reverse Dual Currency Subordinated Loan (JPY 15,000m) 2027 93 97 6.33% Subordinated Notes (GBP 50m) 2032 46 59 Subordinated Floating Rate Notes (EUR 68m) 2040 60 57 External issuances by other subsidiaries 2032 573 311 Barclays Bank PLC notes issued intra-group to Barclays PLC 2% Fixed Rate Subordinated Callable Notes (EUR 1,500) 2023 2028 1,354 1,288 3.75% Fixed Rate Resetting Subordinated Callable Notes (SGD 200m) 2025 2030 120 113 5.20% Fixed Rate Subordinated Notes (USD 1,367m) 2026 1,051 1,037 1.125% Fixed Rate Resetting Subordinated Callable Notes (EUR 1,000m) 2026 2031 794 831 4.836% Fixed Rate Subordinated Callable Notes (USD 1,200m) 2027 2028 931 937 8.407% Fixed Rate Resetting Subordinated Callable Loan (GBP 1,000m) 2027 2032 1,009 — 5.088% Fixed-to-Floating Rate Subordinated Callable Notes (USD 1,300m) 2029 2030 966 1,005 7.437% Fixed Rate Resetting Subordinated Callable Notes (USD 2,000m) 2032 2033 1,689 — 5.262% Fixed Rate Resetting Subordinated Callable Notes (EUR 1,250m) 2033 2034 1,066 — 3.811% Fixed Rate Resetting Subordinated Callable Notes (USD 1,000m) 2041 2042 641 778 5.25% Fixed Rate Subordinated Notes (USD 827m) 2045 488 618 4.95% Fixed Rate Subordinated Notes (USD 1,250m) 2047 174 896 Floating Rate Subordinated Notes (USD 456m) 2047 385 341 Barclays Bank PLC intra-group loans from Barclays PLC Various Fixed Rate Subordinated Loans 8,042 7,184 Various Subordinated Floating Rate Loans 677 646 Various Fixed Rate Subordinated Callable Loans 16,105 11,013 Various Subordinated Floating Rate Callable Loans 1,127 1,725 Zero Coupon Callable Loans 2052 521 483 Total dated subordinated liabilities 38,236 31,873 |
Ordinary shares, preference sha
Ordinary shares, preference shares and other equity (Tables) | 12 Months Ended |
Dec. 31, 2022 | |
Equity [abstract] | |
Called up share capital | Called up share capital, allotted and fully paid and other equity instruments Barclays Bank Group and Barclays Bank PLC Barclays Bank Group Ordinary share capital Preference share capital Total share capital Other equity instruments £m £m £m £m As at 1 January 2022 2,342 6 2,348 9,693 AT1 securities issuance — — — 3,134 AT1 securities redemption — — — (2,136) As at 31 December 2022 2,342 6 2,348 10,691 As at 1 January 2021 2,342 6 2,348 8,621 AT1 securities issuance — — — 1,072 As at 31 December 2021 2,342 6 2,348 9,693 |
AT1 equity instruments | AT1 equity instruments 2022 2021 Initial call date £m £m AT1 equity instruments - Barclays Bank Group 7.875% Perpetual Subordinated Contingent Convertible Securities 2022 — 1,000 7.875% Perpetual Subordinated Contingent Convertible Securities (USD 1,500m) 2022 — 1,136 7.25% Perpetual Subordinated Contingent Convertible Securities 2023 500 500 7.75% Perpetual Subordinated Contingent Convertible Securities (USD 2,500m) 2023 1,925 1,925 5.875% Perpetual Subordinated Contingent Convertible Securities 2024 623 623 8% Perpetual Subordinated Contingent Convertible Securities (USD 2,000m) 2024 1,509 1,509 7.125% Perpetual Subordinated Contingent Convertible Securities 2025 299 299 6.375% Perpetual Subordinated Contingent Convertible Securities 2025 495 495 6.125% Perpetual Subordinated Contingent Convertible Securities (USD 1,500m) 2025 1,134 1,134 4.375% Perpetual Subordinated Contingent Convertible Securities (USD 1,500m) 2028 1,072 1,072 8.300% Perpetual Subordinated Contingent Convertible Securities (SGD450m) 2027 263 — 8.875% Perpetual Subordinated Contingent Convertible Securities 2027 1,237 — 8.000% Perpetual Subordinated Contingent Convertible Securities (USD2,000 m) 2029 1,634 — 10,691 9,693 |
Reserves (Table)
Reserves (Table) | 12 Months Ended |
Dec. 31, 2022 | |
Disclosure of reserves within equity [abstract] | |
Other reserves | Barclays Bank Group 2022 2021 £m £m Currency translation reserve 4,992 2,581 Fair value through other comprehensive income reserve (1,342) (118) Cash flow hedging reserve (5,557) (618) Own credit reserve 467 (960) Other reserves (24) (24) Total (1,464) 861 |
Staff costs (Table)
Staff costs (Table) | 12 Months Ended |
Dec. 31, 2022 | |
Classes of employee benefits expense [abstract] | |
Staff costs | 2022 2021 2020 £m £m £m Performance costs 1,398 1,308 1,145 Salaries a 2,637 2,245 2,285 Social security costs 352 297 295 Post-retirement benefits b 188 181 176 Other compensation costs 205 172 208 Total compensation costs 4,780 4,203 4,109 Other resourcing costs Outsourcing 259 136 142 Redundancy and restructuring 45 49 47 Temporary staff costs 25 17 14 Other 83 51 53 Total other resourcing costs 412 253 256 Total staff costs 5,192 4,456 4,365 Notes a £197m (2021: £152m; 2020: £156m) of compensation was capitalised as internally generated software. b Post-retirement benefits charge includes £140m (2021: £121m; 2020: £127m) in respect of defined contribution schemes and £48m (2021: £60m; 2020: £49m) in respect of defined benefit schemes. |
Share-based payments (Tables)
Share-based payments (Tables) | 12 Months Ended |
Dec. 31, 2022 | |
Disclosure of terms and conditions of share-based payment arrangement [abstract] | |
Share-based payment schemes | The charge for the year arising from share based payment schemes was as follows: Charge for the year 2022 2021 2020 £m £m £m Deferred Share Value Plan / Share Value Plan 270 235 220 Others 153 159 129 Total equity settled 423 394 349 Cash settled 3 4 2 Total share based payments 426 398 351 |
Share option and award plans | The weighted average fair value per award granted, weighted average share price at the date of exercise/release of shares during the year, weighted average contractual remaining life and number of options and awards outstanding (including those exercisable) at the balance sheet date were as follows: 2022 2021 Weighted average fair value per award granted in year Weighted average share price at exercise/ release during year Weighted Number of Weighted average fair value per award granted in year Weighted average share price at exercise/ release during year Weighted Number of £ £ £ £ DSVP / SVP a.b 1.43 1.61 1 445,673 1.63 1.76 1 370,505 Others a 0.38-1.65 1.59-1.7 0-2 47,610 0.64-1.81 1.76-1.92 0-3 47,480 |
Movements in options and awards | The movement in the number of options and awards for the major schemes and the weighted average exercise price of options was: DSVP / SVP a,b Others a,c Number (000s) Number (000s) Weighted average 2022 2021 2022 2021 2022 2021 Outstanding at beginning of year/acquisition date 370,505 370,006 47,480 53,767 0.95 0.95 Transfers in the year d (3,742) (2,214) 2,048 (2,697) — — Granted in the year 264,257 174,338 93,160 79,050 1.33 1.43 Exercised/released in the year (162,958) (144,943) (90,696) (78,273) 1.18 1.36 Less: forfeited in the year (22,389) (26,682) (4,017) (3,395) 0.99 0.95 Less: expired in the year — — (365) (972) 1.19 1.69 Outstanding at end of year 445,673 370,505 47,610 47,480 0.97 0.95 Of which exercisable: — — 5,541 4,428 1.21 1.16 Notes a Options/award granted over Barclays PLC shares. b Weighted average exercise price is not applicable for SVP and DSVP awards as these are not share option schemes. c The number of awards within Others at the end of the year principally relates to Sharesave (number of awards exercisable at end of year was 2,312,749). The weighted average exercise price relates to Sharesave. d Awards of employees transferred between the Barclays Bank Group and the rest of the Barclays PLC Group. |
Pension and post-retirement ben
Pension and post-retirement benefits (Tables) | 12 Months Ended |
Dec. 31, 2022 | |
Disclosure of defined benefit plans [abstract] | |
Income statement charge | The following tables include amounts recognised in the income statement and an analysis of benefit obligations and scheme assets for all Barclays Bank Group defined benefit schemes. The net position is reconciled to the assets and liabilities recognised on the balance sheet. The tables include funded and unfunded post-retirement benefits. The income statement charge with respect to defined contribution schemes is disclosed as part of footnotes to Note 29 “Staff costs”. Income statement (credit)/charge 2022 2021 £m £m Current service cost 28 58 Net finance (income)/cost (122) (26) Past service cost 20 — Other movements — 2 Total (74) 34 |
Balance sheet reconciliation | Balance sheet reconciliation 2022 2021 Barclays Bank Group Total Of which relates to UKRF Barclays Bank Group Total Of which relates to UKRF £m £m £m £m Benefit obligation at beginning of the year (31,834) (30,859) (33,131) (32,108) Current service cost (209) (197) (240) (225) Interest costs on scheme liabilities (725) (707) (422) (405) Past service cost (20) (20) — — Remeasurement gain/(loss) - financial 10,995 10,734 849 820 Remeasurement gain/(loss) - demographic 268 270 53 50 Remeasurement (loss)/gain - experience (521) (510) (249) (259) Employee contributions (4) — (4) — Benefits paid 1,339 1,299 1,309 1,268 Exchange and other movements (90) — 1 — Benefit obligation at end of the year (20,801) (19,990) (31,834) (30,859) Fair value of scheme assets at beginning of the year 35,467 34,678 34,713 33,915 Interest income on scheme assets 847 829 448 434 Employer contribution 1,807 1,785 971 955 Remeasurement - return on plan assets (less)/greater than discount rate (11,510) (11,313) 653 642 Employee contributions 4 — 4 — Benefits paid (1,339) (1,299) (1,309) (1,268) Exchange and other movements 84 — (13) — Fair value of scheme assets at the end of the year 25,360 24,680 35,467 34,678 Net surplus 4,559 4,690 3,633 3,819 Retirement benefit assets 4,743 4,690 3,879 3,819 Retirement benefit liabilities (184) — (246) — Net retirement benefit assets 4,559 4,690 3,633 3,819 |
Actuarial valuation of the schemes' obligation based on assumptions | Actuarial valuation of the scheme's obligations is dependent upon a series of assumptions. Below is a summary of the main financial and demographic assumptions adopted for the UKRF. Key UKRF financial assumptions 2022 2021 % p.a. % p.a. Discount rate 4.80 1.84 Inflation rate (RPI) 3.21 3.56 Assumed life expectancy 2022 2021 2020 Life expectancy at 60 for current pensioners (years) – Males 26.8 27.3 27.2 – Females 29.5 29.6 29.4 Life expectancy at 60 for future pensioners currently aged 40 (years) – Males 28.3 29.1 29.0 – Females 31.0 31.4 31.2 The UKRF entered into a longevity reinsurance contract in 2022 covering £7bn of the pensioner liabilities. This is in addition to a £5bn transaction executed in 2020. In total, over three-quarters of the longevity risk for current pensioners has been reinsured, and the transactions will provide income to the UKRF in the event that pensions are paid out for longer than expected. The contracts form part of the UKRF’s investment portfolio. At 31 December 2022, the contracts are valued at £(123)m (2021: nil). The negative value placed on the longevity reinsurance contracts at 31 December 2022 reflects the estimated impact of changes in the reinsurance market, demographic assumptions and risk premia since the 2020 transaction was entered into by the UKRF. The 2022 transaction is valued at nil as it is assessed to have been transacted recently at fair value. Sensitivity analysis on actuarial assumptions The sensitivity analysis has been calculated by valuing the UKRF liabilities using the amended assumptions shown in the table below and keeping the remaining assumptions the same as disclosed in the table above, except in the case of the inflation sensitivity where other assumptions that depend on assumed inflation have also been amended correspondingly. The difference between the recalculated liability figure and that stated in the balance sheet reconciliation table above is the figure shown. The selection of these movements to illustrate the sensitivity of the defined benefit obligation to key assumptions should not be interpreted as the Barclays Bank Group expressing any specific view of the probability of such movements happening. Change in key assumptions 2022 2021 (Decrease)/Increase in UKRF defined benefit obligation (Decrease)/Increase in UKRF defined benefit obligation £bn £bn Discount rate 0.50% p.a. increase (1.1) (2.3) 0.25% p.a. increase (0.6) (1.2) 0.25% p.a. decrease 0.6 1.3 0.50% p.a. decrease 1.2 2.6 Assumed RPI 0.50% p.a. increase 0.8 1.6 0.25% p.a. increase 0.4 0.8 0.25% p.a. decrease (0.4) (0.8) 0.50% p.a. decrease (0.8) (1.6) Life expectancy at 60 One year increase 0.6 1.2 One year decrease (0.5) (1.2) |
Analysis of scheme assets | The value of the assets of the schemes and their percentage in relation to total scheme assets were as follows: Analysis of scheme assets Barclays Bank Group Total Of which relates to UKRF Quoted Unquoted a Value % of total Quoted Unquoted a Value % of total £m £m £m % £m £m £m % As at 31 December 2022 Equities 113 — 113 0.5 — — — — Private equities — 2,734 2,734 10.8 — 2,734 2,734 11.1 Bonds - fixed government 1,353 — 1,353 5.3 1,098 — 1,098 4.4 Bonds - index-linked government 9,847 — 9,847 38.9 9,829 — 9,829 39.9 Bonds - corporate and other 5,884 1,551 7,435 29.3 5,690 1,551 7,241 29.3 Property 13 1,310 1,323 5.2 — 1,310 1,310 5.3 Infrastructure 793 790 1,583 6.2 793 790 1,583 6.4 Hedge funds 11 1,362 1,373 5.4 — 1,362 1,362 5.5 Derivatives (20) (1,837) (1,857) (7.3) (20) (1,837) (1,857) (7.5) Longevity reinsurance contracts — (123) (123) (0.5) — (123) (123) (0.5) Cash and liquid assets c (1,776) 3,286 1,510 6.0 (1,789) 3,286 1,497 6.1 Mixed investment funds 11 — 11 — — — — — Other 7 51 58 0.2 — 6 6 — Fair value of scheme assets 16,236 9,124 25,360 100.0 15,601 9,079 24,680 100.0 As at 31 December 2021 Equities 294 — 294 0.8 167 — 167 0.5 Private equities — 3,113 3,113 8.8 — 3,113 3,113 9.0 Bonds - fixed government 2,384 161 2,545 7.2 2,080 161 2,241 6.5 Bonds - index-linked government 15,375 — 15,375 43.5 15,352 — 15,352 44.4 Bonds - corporate and other 7,451 1,498 8,949 25.2 7,214 1,498 8,712 25.1 Property 14 1,490 1,504 4.2 — 1,490 1,490 4.3 Infrastructure — 1,815 1,815 5.1 — 1,815 1,815 5.2 Hedge funds — 1,365 1,365 3.8 — 1,365 1,365 3.9 Derivatives 1 10 11 — 1 10 11 — Longevity reinsurance contracts — — — — — — — — Cash and liquid assets c (1,865) 2,275 410 1.2 (1,878) 2,275 397 1.1 Mixed Investment funds 9 — 9 — — — — — Other 20 57 77 0.2 — 15 15 — Fair value of scheme assets b 23,683 11,784 35,467 100.0 22,936 11,742 34,678 100.0 Notes a Valuation of unquoted assets is provided by the underlying managers or qualified independent valuers. Valuations of complex instruments are based on UKRF custodian valuations. The valuation for some of the unquoted assets, in particular Private equities, is based on valuations as at 30 September 2022 adjusted by cash flows, these being the latest available valuations as at the point of publication. All valuations are determined in accordance with relevant industry guidance. b The asset allocation for 2021 has been re-presented to reflect re-interpretation of the asset classifications as well as a reclassification of £1.2bn between unquoted/quoted bonds and quoted/unquoted bonds, in a manner that management believes better represents the underlying nature of the assets. c Cash and liquid assets for the UKRF consists of £521m (2021:£488m) Cash, £80m (2021:£93m) Receivables/payables, £3,286m (2021: £2,275m) Pooled cash funds and £(2,390)m (2021: £(2,459)m) Repurchase agreements. |
Defined benefit contributions paid | Defined benefit contributions paid with respect to the UKRF were as follows: Contributions paid £m 2022 1,785 2021 955 2020 748 |
Principal subsidiaries (Tables)
Principal subsidiaries (Tables) | 12 Months Ended |
Dec. 31, 2022 | |
Disclosure of subsidiaries [abstract] | |
Principal subsidiaries details | Principal subsidiaries of the Barclays Bank Group are set out below. This includes those subsidiaries that are most significant in the context of the Barclays Bank Group’s business, results or financial position. Company Name Principal place of business or incorporation Nature of business Percentage of voting rights held Non-controlling interests - proportion of ownership interests Non-controlling interests - proportion of voting interests % % % Barclays Bank Delaware United States Credit card issuer 100 — — Barclays Bank Ireland PLC Ireland Banking 100 — — Barclays Capital Inc. United States Securities dealing 100 — — Barclays Capital Securities Limited United Kingdom Securities dealing 100 — — Barclays Securities Japan Limited Japan Securities dealing 100 — — Barclays US LLC United States Holding company 100 — — |
Entities excluded from consolidation | However, the entity set out below is excluded from consolidation because the Barclays Bank Group does not have exposure to its variable returns. Company name Country of registration or incorporation Percentage of voting rights held (%) Equity shareholders' funds (£m) Retained profit for the year (£m) Palomino Limited Cayman Islands 100 — — |
Structured entities (Tables)
Structured entities (Tables) | 12 Months Ended |
Dec. 31, 2022 | |
Disclosure of information about consolidated structured entities [abstract] | |
Summary of interests in unconsolidated structured entities | The nature and extent of the Barclays Bank Group’s interests in structured entities is summarised below: Summary of interests in unconsolidated structured entities Secured financing Short-term traded interests Traded derivatives Other interests Total £m £m £m £m £m As at 31 December 2022 Assets Trading portfolio assets — 8,632 — — 8,632 Financial assets at fair value through the income statement 75,166 — — 2,406 77,572 Derivative financial instruments — — 4,555 — 4,555 Financial assets at fair value through other comprehensive income — — — 423 423 Loans and advances at amortised cost — — — 36,842 36,842 Reverse repurchase agreements and other similar secured lending 117 — — — 117 Other assets — — — 65 65 Total assets 75,283 8,632 4,555 39,736 128,206 Liabilities Derivative financial instruments — — 8,460 — 8,460 As at 31 December 2021 Assets Trading portfolio assets — 7,170 — — 7,170 Financial assets at fair value through the income statement 61,816 — — 3,417 65,233 Derivative financial instruments — — 5,160 — 5,160 Financial assets at fair value through other comprehensive income — — — 91 91 Loans and advances at amortised cost — — — 22,741 22,741 Reverse repurchase agreements and other similar secured lending 104 — — — 104 Other assets — — — 12 12 Total assets 61,920 7,170 5,160 26,261 100,511 Liabilities Derivative financial instruments — — 9,543 — 9,543 The Barclays Bank Group’s interests in structured entities not held for the purposes of short-term trading activities are set out below, summarised by the nature of the interest and limited to significant categories, based on maximum exposure to loss. Nature of interest Multi-seller conduit programme Lending Other Total Of which: Barclays Bank Group owned, not consolidated entities a £m £m £m £m £m As at 31 December 2022 Financial assets at fair value through the income statement — 9 2,397 2,406 2,284 Financial assets at fair value through other comprehensive income — 220 203 423 — Loans and advances at amortised cost 8,681 21,847 6,314 36,842 — Other assets 32 33 — 65 — Total on-balance sheet exposures 8,713 22,109 8,914 39,736 2,284 Total off-balance sheet notional amounts 10,552 10,902 — 21,454 — Maximum exposure to loss 19,265 33,011 8,914 61,190 2,284 Total assets of the entity 66,504 154,501 63,798 284,803 8,690 As at 31 December 2021 Financial assets at fair value through the income statement — 2 3,415 3,417 3,335 Financial assets at fair value through other comprehensive income — 53 38 91 — Loans and advances at amortised cost 5,184 14,294 3,263 22,741 — Other assets 8 4 — 12 — Total on-balance sheet exposures 5,192 14,353 6,716 26,261 3,335 Total off-balance sheet notional amounts 11,015 9,394 — 20,409 — Maximum exposure to loss 16,207 23,747 6,716 46,670 3,335 Total assets of the entity 65,441 160,611 28,582 254,634 11,513 Note a. Comprises of Barclays Bank Group owned, not consolidated structured entities per IFRS 10 Consolidated Financial Statements, and Barclays Bank Group sponsored entities. Refer to Note 32 Principal subsidiaries for more details on consolidation. |
Investments in associates and_2
Investments in associates and joint ventures (Tables) | 12 Months Ended |
Dec. 31, 2022 | |
Investments in subsidiaries, joint ventures and associates reported in separate financial statements [abstract] | |
Investments in associates and joint ventures | 2022 2021 Associates Joint ventures Total Associates Joint ventures Total £m £m £m £m £m £m Equity accounted (Group) 26 — 26 24 — 24 |
Summarised financial information, equity accounted associates and joint ventures | Summarised financial information for the Barclays Bank Group’s equity accounted associates and joint ventures is set out below. The amounts shown are the Barclays Bank Group’s share of the comprehensive income of the investees for the year ended 31 December 2022, with the exception of certain undertakings for which the amounts are based on accounts made up to dates not earlier than three months before the balance sheet date. Associates Joint ventures 2022 2021 2022 2021 £m £m £m £m Profit from continuing operations 3 — — — Other comprehensive income — 1 — — Total comprehensive income from continuing operations 3 1 — — |
Securitisations (Tables)
Securitisations (Tables) | 12 Months Ended |
Dec. 31, 2022 | |
Disclosure of transferred financial assets that are not derecognised in their entirety [abstract] | |
Transfers of financial assets that do not result in derecognition | The following table shows the carrying amount of securitised assets that have not resulted in full derecognition, together with the associated liabilities, for each category of asset on the balance sheet: 2022 2021 Assets Liabilities Assets Liabilities Carrying amount Fair value Carrying amount Fair value Carrying amount Fair value Carrying amount Fair value £m £m £m £m £m £m £m £m Barclays Bank Group Loans and advances at amortised cost Credit cards, unsecured loans and other retail lending 4,846 5,283 (1,433) (1,356) 1,262 1,382 (1,225) (1,219) Financial assets at FVTPL Mortgage Loans 330 330 — — 41 41 — — Total 5,176 5,613 (1,433) (1,356) 1,303 1,423 (1,225) (1,219) |
Continuing involvement in financial assets that have been derecognised | The table below shows the potential financial implications of such continuing involvement: Continuing involvement a Gain from continuing involvement Carrying amount Fair value Maximum exposure to loss For the year ended Cumulative to 31 December Type of transfer £m £m £m £m £m 2022 Asset backed securities 8 8 8 1 3 Residential mortgage backed securities 432 426 432 18 22 Commercial mortgage backed securities 412 357 412 5 16 Total 852 791 852 24 41 2021 Asset backed securities 25 25 25 1 2 Residential mortgage backed securities 78 78 78 3 4 Commercial mortgage backed securities 311 307 311 5 11 Total 414 410 414 9 17 Note a Assets which represent the Barclays Bank Group’s continuing involvement in derecognised assets are recorded in Loans and advances at amortised cost and Debt Securities at FVTP&L. |
Assets pledged, collateral re_2
Assets pledged, collateral received and assets transferred (Tables) | 12 Months Ended |
Dec. 31, 2022 | |
Assets pledged, collateral received and assets transferred | |
Assets pledged and assets transferred as security against liabilities | The following table summarises the nature and carrying amount of the assets pledged as security against these liabilities: Barclays Bank Group 2022 2021 £m £m Cash collateral and settlement balances 75,790 63,080 Loans and advances at amortised cost 36,752 29,962 Trading portfolio assets 63,914 71,201 Financial assets at fair value through the income statement 7,747 5,595 Financial assets at fair value through other comprehensive income 16,164 14,699 Assets pledged 200,367 184,537 The following table summarises the transferred financial assets and the associated liabilities. The transferred assets represents the gross carrying value of the assets pledged and the associated liabilities represents the IFRS balance sheet value of the related liability recorded on the balance sheet. Barclays Bank Group Transferred assets Associated liabilities £m £m At 31 December 2022 Derivatives 77,941 (77,941) Repurchase agreements 54,509 (31,220) Securities lending arrangements 62,741 — Other 5,176 (4,788) 200,367 (113,949) At 31 December 2021 Derivatives 64,826 (64,826) Repurchase agreements 48,504 (28,494) Securities lending arrangements 66,703 — Other 4,504 (4,174) 184,537 (97,494) Carrying value Fair value Transferred assets Associated liabilities Transferred assets Associated liabilities Net position £m £m £m £m £m Barclays Bank Group 2022 Recourse to transferred assets only 5,176 (1,433) 5,613 (1,356) 4,257 2021 Recourse to transferred assets only 1,303 (1,225) 1,423 (1,219) 204 |
Collateral held as security for assets | Under certain transactions, including reverse repurchase agreements and stock borrowing transactions, the Barclays Bank Group is allowed to resell or re-pledge the collateral held. The fair value at the balance sheet date of collateral accepted and re-pledged to others was as follows: Barclays Bank Group 2022 2021 £m £m Fair value of securities accepted as collateral 989,211 934,363 Of which fair value of securities re-pledged/transferred to others 892,760 819,169 |
Related party transactions an_2
Related party transactions and Directors remuneration (Tables) | 12 Months Ended |
Dec. 31, 2022 | |
Disclosure of transactions between related parties [abstract] | |
Amounts included in the Group and Bank financial statements, by category | Amounts included in the Barclays Bank Group’s financial statements, in aggregate, by category of related party entity are as follows: Parent Fellow subsidiaries Associates Pension funds £m £m £m £m For the year ended and as at 31 December 2022 Total income (751) 199 (2) 3 Operating expenses (69) (3,459) — (1) Total assets 1,575 9,056 — 3 Total liabilities 40,827 6,668 407 166 For the year ended and as at 31 December 2021 Total income (611) 20 — 3 Operating expenses (64) (3,195) — (1) Total assets 6,491 909 — 3 Total liabilities 32,141 3,962 177 81 |
Related party transactions Loans and deposits outstanding | Transactions during the year and the balances outstanding were as follows: Loans outstanding 2022 2021 £m £m As at 1 January — — Loans issued during the year a 0.1 — Loan repayments during the year b 0.1 — As at 31 December — — Notes a Includes loans issued to existing Key Management Personnel and new or existing loans issued to newly appointed Key Management Personnel. b Includes loan repayments by existing Key Management Personnel and loans to former Key Management Personnel. Deposits outstanding 2022 2021 £m £m As at 1 January 2.1 3.4 Deposits received during the year a 9.4 9.0 Deposits repaid during the year b (9.5) (10.3) As at 31 December 2.0 2.1 Notes a Includes deposits received from existing Key Management Personnel and new or existing deposits received from newly appointed Key Management Personnel. b Includes deposits repaid by existing Key Management Personnel and deposits of former Key Management Personnel. |
Remuneration of Directors and other Key Management Personnel | 2022 2021 £m £m Salaries and other short-term benefits 44.2 35.2 Pension costs 0.2 0.2 Other long-term benefits 12.1 8.5 Share-based payments 16.5 13.2 Employer social security charges on emoluments 7.5 6.0 Costs recognised for accounting purposes 80.5 63.1 Employer social security charges on emoluments (7.5) (6.0) Other long-term benefits – difference between awards granted and costs recognised 0.1 3.3 Share-based payments – difference between awards granted and costs recognised 4.2 6.1 Total remuneration awarded 77.3 66.5 |
Disclosure required by the Companies Act 2006 | The following information regarding the Barclays Bank PLC Board of Directors is presented in accordance with the Companies Act 2006: 2022 2021 £m £m Aggregate emoluments a 7.1 6.3 Amounts paid under LTIPs b 0.4 1.2 7.5 7.5 Notes a The aggregate emoluments include amounts paid for the 2022 year. In addition, deferred share awards for 2022 with a total value at grant of £2.3m (2021: £1.4m) will be made to Directors which will only vest subject to meeting certain conditions. b The figure above for "Amounts paid under LTIPs" for 2022 relates to LTIP awards that were released to Directors in 2022. Dividend shares released on the awards are excluded (where applicable). Of the figures in the table above, the amounts attributable to the highest paid Director in respect of qualifying services are as follows: 2022 2021 £m £m Aggregate emoluments a 3.6 2.1 Amounts paid under LTIPs — 0.7 3.6 2.8 Note a The aggregate emoluments include amounts paid for the 2022 year. In addition, a deferred share award for 2022 with a value at grant of £1.5m (2021: £nil) will be made to the highest paid Director which will only vest subject to meeting certain conditions. |
Auditor's remuneration (Tables)
Auditor's remuneration (Tables) | 12 Months Ended |
Dec. 31, 2022 | |
Auditor's remuneration [abstract] | |
Auditor's remuneration | Auditor’s remuneration is included within consultancy, legal and professional fees in administration and general expenses and comprises: 2022 2021 2020 £m £m £m Audit of the Barclays Bank Group's annual accounts 20 19 17 Other services: Audit of the Barclays Bank PLC subsidiaries a 18 14 13 Other audit related fees b 8 7 7 Other services 1 1 1 Total Auditor's remuneration 47 41 38 Notes a Comprises the fees for the statutory audit of the subsidiaries both inside and outside UK and fees for the work performed by associates of KPMG in respect of the consolidated financial statements of the Company. b Comprises services in relation to statutory and regulatory filings. These include audit services for the review of the interim financial information under the Listing Rules of the UK listing authority. |
Interest rate benchmark reform
Interest rate benchmark reform (Tables) | 12 Months Ended |
Dec. 31, 2022 | |
Disclosure of financial instruments by type of interest rate [abstract] | |
Significant hedge accounting exposures impacted by the interest rate benchmark reform | The following tables summarise USD LIBOR and USD LIBOR ICE Swap Rate non-derivatives exposures due to mature post 30 June 2023, when USD LIBOR and the USD LIBOR ICE Swap Rate will either cease to be published or cease to be published, in its current form: USD LIBOR 2022 2021 £m £m Non-derivative financial assets Loans and advances at amortised cost 8,659 15,801 Reverse repurchase agreements and other similar secured lending — 186 Financial assets at fair value through the income statement 4,282 8,538 Financial assets at fair value through other comprehensive income — — Non-derivative financial assets 12,941 24,525 Non-derivative financial liabilities Debt securities in issue (2,493) — Subordinated liabilities (344) (3,774) Financial liabilities designated at fair value (1,740) (212) Non-derivative financial liabilities (4,577) (3,986) Equity Other equity instruments (295) (3,062) Standby facilities, credit lines and other commitments a 68,118 42,767 Note a. For year ended 2021, multi currency loan facilities are reported in the currency which needs to be remediated first, which were mainly non-USD. As non-USD rates transitioned, this has resulted in a corresponding increase in USD LIBOR exposure for year ended 2022 as USD LIBOR exposure is yet to transition. The following tables summarise USD LIBOR and USD LIBOR ICE Swap Rate derivative exposures due to mature post 30 June 2023: USD LIBOR 2022 2021 £m £m Derivative notional contract amount OTC interest rate derivatives 2,594,268 2,283,077 OTC interest rate derivatives - cleared by central counterparty 2,119,420 2,211,729 Exchange traded interest rate derivatives 337,535 466,339 OTC foreign exchange derivatives 84 461,680 OTC equity and stock index derivatives 1,261 9,949 Derivative notional contract amount 5,052,568 5,432,774 The following table presents a breakdown of USD LIBOR and USD LIBOR ICE Swap Rate non-derivative exposures with robust fallbacks in place and those without as at 31 December 2022: USD LIBOR With robust fallback clause Without robust fallback clause As at 31 December 2022 £m £m Non-derivative financial assets Loans and advances at amortised cost 7,770 889 Financial assets at fair value through the income statement 4,282 — Non-derivative financial assets 12,052 889 Non-derivative financial liabilities Debt securities in issue (2,493) — Subordinated liabilities — (344) Financial liabilities designated at fair value (1,740) — Non-derivative financial liabilities (4,233) (344) Equity Other equity instruments — (295) Standby facilities, credit lines and other commitments 64,632 3,486 The following table presents a breakdown of USD LIBOR and USD LIBOR ICE Swap Rate derivative exposures with robust fallbacks in place and those without as at 31 December 2022: USD LIBOR With appropriate fallback clause Without appropriate fallback clause As at 31 December 2022 £m £m Derivative notional contract amount OTC interest rate derivatives 2,538,218 56,050 OTC interest rate derivatives - cleared by central counterparty 2,119,420 — Exchange traded interest rate derivatives 337,535 — OTC foreign exchange derivatives 84 — OTC equity and stock index derivatives 770 491 Derivative notional contract amount 4,996,027 56,541 |
Other disclosures - Risk Mana_3
Other disclosures - Risk Management and Principal Risks - Maximum exposure and effects of collateral and other credit enhancements (audited) (Details) - GBP (£) £ in Millions | Dec. 31, 2022 | Dec. 31, 2021 |
Disclosure of detailed information about financial instruments [line items] | ||
Total financial assets | £ 1,187,698 | £ 1,049,896 |
Notional contract amount | 52,342,870 | 47,412,915 |
ECL | ||
Disclosure of detailed information about financial instruments [line items] | ||
Total financial assets | (4,352) | (3,998) |
Credit risk | ||
Disclosure of detailed information about financial instruments [line items] | ||
Maximum exposure | 1,478,397 | 1,269,648 |
Netting and set-off | (242,504) | (207,348) |
Cash collateral | (41,718) | (38,006) |
Non-cash collateral | (307,242) | (269,266) |
Risk transfer | (15,618) | (13,973) |
Net exposure | 871,315 | 741,055 |
On-balance sheet | Credit risk | ||
Disclosure of detailed information about financial instruments [line items] | ||
Maximum exposure | 1,117,620 | 961,451 |
Netting and set-off | (242,504) | (207,348) |
Cash collateral | (40,330) | (37,001) |
Non-cash collateral | (268,275) | (227,795) |
Risk transfer | (13,714) | (12,090) |
Net exposure | 552,797 | 477,217 |
Cash and balances at central banks | Credit risk | ||
Disclosure of detailed information about financial instruments [line items] | ||
Maximum exposure | 202,142 | 169,085 |
Netting and set-off | 0 | 0 |
Cash collateral | 0 | 0 |
Non-cash collateral | 0 | 0 |
Risk transfer | 0 | 0 |
Net exposure | 202,142 | 169,085 |
Cash collateral and settlement balances | Credit risk | ||
Disclosure of detailed information about financial instruments [line items] | ||
Maximum exposure | 107,862 | 88,085 |
Netting and set-off | 0 | 0 |
Cash collateral | 0 | 0 |
Non-cash collateral | 0 | 0 |
Risk transfer | 0 | 0 |
Net exposure | 107,862 | 88,085 |
Reverse repurchase agreements and other similar secured lending | Credit risk | ||
Disclosure of detailed information about financial instruments [line items] | ||
Maximum exposure | 725 | 3,177 |
Netting and set-off | 0 | 0 |
Cash collateral | 0 | 0 |
Non-cash collateral | (725) | (3,177) |
Risk transfer | 0 | 0 |
Net exposure | 0 | 0 |
Other assets | Credit risk | ||
Disclosure of detailed information about financial instruments [line items] | ||
Maximum exposure | 1,503 | 994 |
Netting and set-off | 0 | 0 |
Cash collateral | 0 | 0 |
Non-cash collateral | 0 | 0 |
Risk transfer | 0 | 0 |
Net exposure | 1,503 | 994 |
Total off-balance sheet | Credit risk | ||
Disclosure of detailed information about financial instruments [line items] | ||
Maximum exposure | 360,777 | 308,197 |
Netting and set-off | 0 | 0 |
Cash collateral | (1,388) | (1,005) |
Non-cash collateral | (38,967) | (41,471) |
Risk transfer | (1,904) | (1,883) |
Net exposure | 318,518 | 263,838 |
Notional contract amount | 48,400 | 39,300 |
Total off-balance sheet | Contingent liabilities | Credit risk | ||
Disclosure of detailed information about financial instruments [line items] | ||
Maximum exposure | 25,800 | 23,746 |
Netting and set-off | 0 | 0 |
Cash collateral | (1,295) | (906) |
Non-cash collateral | (1,596) | (1,367) |
Risk transfer | (280) | (256) |
Net exposure | 22,629 | 21,217 |
Trading portfolio assets | On-balance sheet | Credit risk | ||
Disclosure of detailed information about financial instruments [line items] | ||
Maximum exposure | 68,628 | 63,225 |
Netting and set-off | 0 | 0 |
Cash collateral | 0 | 0 |
Non-cash collateral | (780) | (729) |
Risk transfer | (48) | 0 |
Net exposure | 67,800 | 62,496 |
Financial assets at fair value through the income statement | On-balance sheet | Credit risk | ||
Disclosure of detailed information about financial instruments [line items] | ||
Maximum exposure | 206,194 | 183,428 |
Netting and set-off | 0 | 0 |
Cash collateral | (3,689) | (1,428) |
Non-cash collateral | (190,747) | (173,033) |
Risk transfer | (9) | 0 |
Net exposure | 11,749 | 8,967 |
Fair value through other comprehensive income | On-balance sheet | Credit risk | ||
Disclosure of detailed information about financial instruments [line items] | ||
Maximum exposure | 45,083 | 45,907 |
Netting and set-off | 0 | 0 |
Cash collateral | 0 | 0 |
Non-cash collateral | (222) | (53) |
Risk transfer | (514) | (931) |
Net exposure | 44,347 | 44,923 |
Loans and advances | Financial assets at amortised cost | On-balance sheet | Credit risk | ||
Disclosure of detailed information about financial instruments [line items] | ||
Maximum exposure | 182,507 | 145,259 |
Netting and set-off | (4,442) | (5,001) |
Cash collateral | (2,145) | (1,424) |
Non-cash collateral | (64,377) | (44,999) |
Risk transfer | (5,868) | (5,421) |
Net exposure | 105,675 | 88,414 |
Loans and advances | Financial assets at amortised cost | On-balance sheet | Credit risk | Credit-impaired | ||
Disclosure of detailed information about financial instruments [line items] | ||
Maximum exposure | 1,932 | 1,664 |
Netting and set-off | 0 | 0 |
Cash collateral | (36) | (40) |
Non-cash collateral | (1,100) | (897) |
Risk transfer | (63) | (25) |
Net exposure | 733 | 702 |
Loans and advances | Financial assets at fair value through the income statement | On-balance sheet | Credit risk | ||
Disclosure of detailed information about financial instruments [line items] | ||
Maximum exposure | 38,190 | 35,901 |
Netting and set-off | 0 | 0 |
Cash collateral | (17) | 0 |
Non-cash collateral | (30,061) | (29,485) |
Risk transfer | (9) | 0 |
Net exposure | 8,103 | 6,416 |
Home loans | Financial assets at amortised cost | On-balance sheet | Credit risk | ||
Disclosure of detailed information about financial instruments [line items] | ||
Maximum exposure | 11,405 | 10,985 |
Netting and set-off | 0 | 0 |
Cash collateral | (328) | (338) |
Non-cash collateral | (10,948) | (10,483) |
Risk transfer | (98) | (89) |
Net exposure | 31 | 75 |
Home loans | Financial assets at amortised cost | On-balance sheet | Credit risk | Credit-impaired | ||
Disclosure of detailed information about financial instruments [line items] | ||
Maximum exposure | 622 | 615 |
Netting and set-off | 0 | 0 |
Cash collateral | (1) | (11) |
Non-cash collateral | (621) | (604) |
Risk transfer | 0 | 0 |
Net exposure | 0 | 0 |
Credit cards, unsecured loans and other retail lending | Financial assets at amortised cost | On-balance sheet | Credit risk | ||
Disclosure of detailed information about financial instruments [line items] | ||
Maximum exposure | 34,162 | 25,960 |
Netting and set-off | 0 | 0 |
Cash collateral | (1,164) | (968) |
Non-cash collateral | (3,748) | (4,229) |
Risk transfer | (243) | (252) |
Net exposure | 29,007 | 20,511 |
Credit cards, unsecured loans and other retail lending | Financial assets at amortised cost | On-balance sheet | Credit risk | Credit-impaired | ||
Disclosure of detailed information about financial instruments [line items] | ||
Maximum exposure | 670 | 563 |
Netting and set-off | 0 | 0 |
Cash collateral | (29) | (29) |
Non-cash collateral | (291) | (217) |
Risk transfer | (3) | (3) |
Net exposure | 347 | 314 |
Wholesale loans | Financial assets at amortised cost | On-balance sheet | Credit risk | ||
Disclosure of detailed information about financial instruments [line items] | ||
Maximum exposure | 136,940 | 108,314 |
Netting and set-off | (4,442) | (5,001) |
Cash collateral | (653) | (118) |
Non-cash collateral | (49,681) | (30,287) |
Risk transfer | (5,527) | (5,080) |
Net exposure | 76,637 | 67,828 |
Wholesale loans | Financial assets at amortised cost | On-balance sheet | Credit risk | Credit-impaired | ||
Disclosure of detailed information about financial instruments [line items] | ||
Maximum exposure | 640 | 486 |
Netting and set-off | 0 | 0 |
Cash collateral | (6) | 0 |
Non-cash collateral | (188) | (76) |
Risk transfer | (60) | (22) |
Net exposure | 386 | 388 |
Traded loans | Trading portfolio assets | On-balance sheet | Credit risk | ||
Disclosure of detailed information about financial instruments [line items] | ||
Maximum exposure | 13,198 | 12,525 |
Netting and set-off | 0 | 0 |
Cash collateral | 0 | 0 |
Non-cash collateral | (250) | (268) |
Risk transfer | (48) | 0 |
Net exposure | 12,900 | 12,257 |
Reverse repurchase agreements | Financial assets at fair value through the income statement | On-balance sheet | Credit risk | ||
Disclosure of detailed information about financial instruments [line items] | ||
Maximum exposure | 164,698 | 145,186 |
Netting and set-off | 0 | 0 |
Cash collateral | (3,672) | (1,428) |
Non-cash collateral | (160,365) | (143,229) |
Risk transfer | 0 | 0 |
Net exposure | 661 | 529 |
Other financial assets measured at cost | Financial assets at fair value through the income statement | On-balance sheet | Credit risk | ||
Disclosure of detailed information about financial instruments [line items] | ||
Maximum exposure | 89 | 85 |
Netting and set-off | 0 | 0 |
Cash collateral | 0 | 0 |
Non-cash collateral | 0 | 0 |
Risk transfer | 0 | 0 |
Net exposure | 89 | 85 |
Derivative financial instruments | On-balance sheet | Credit risk | ||
Disclosure of detailed information about financial instruments [line items] | ||
Maximum exposure | 302,976 | 262,291 |
Netting and set-off | (238,062) | (202,347) |
Cash collateral | (34,496) | (34,149) |
Non-cash collateral | (11,424) | (5,804) |
Risk transfer | (7,275) | (5,738) |
Net exposure | 11,719 | 14,253 |
Financial assets at amortised cost | Total off-balance sheet | ECL | ||
Disclosure of detailed information about financial instruments [line items] | ||
Total financial assets | (532) | (499) |
Goverment bonds | Financial assets at amortised cost | On-balance sheet | Credit risk | ||
Disclosure of detailed information about financial instruments [line items] | ||
Risk transfer | (500) | (800) |
Total financial assets | 600 | 1,000 |
Debt securities classified as amortised cost | Trading portfolio assets | On-balance sheet | Credit risk | ||
Disclosure of detailed information about financial instruments [line items] | ||
Maximum exposure | 55,430 | 50,700 |
Netting and set-off | 0 | 0 |
Cash collateral | 0 | 0 |
Non-cash collateral | (530) | (461) |
Risk transfer | 0 | 0 |
Net exposure | 54,900 | 50,239 |
Debt securities classified as amortised cost | Financial assets at fair value through the income statement | On-balance sheet | Credit risk | ||
Disclosure of detailed information about financial instruments [line items] | ||
Maximum exposure | 3,217 | 2,256 |
Netting and set-off | 0 | 0 |
Cash collateral | 0 | 0 |
Non-cash collateral | (321) | (319) |
Risk transfer | 0 | 0 |
Net exposure | 2,896 | 1,937 |
Loan commitments | ||
Disclosure of detailed information about financial instruments [line items] | ||
Notional contract amount | 334,977 | 284,451 |
Loan commitments | Total off-balance sheet | Credit risk | ||
Disclosure of detailed information about financial instruments [line items] | ||
Maximum exposure | 334,977 | 284,451 |
Netting and set-off | 0 | 0 |
Cash collateral | (93) | (99) |
Non-cash collateral | (37,371) | (40,104) |
Risk transfer | (1,624) | (1,627) |
Net exposure | £ 295,889 | £ 242,621 |
Other disclosures - Risk Mana_4
Other disclosures - Risk Management and Principal Risks - Loans and advances at amortised cost by product (audited) (Details) £ in Millions, $ in Millions | Dec. 31, 2022 GBP (£) | Dec. 31, 2022 USD ($) | Dec. 31, 2021 GBP (£) | Dec. 31, 2021 USD ($) | Dec. 31, 2020 GBP (£) |
Disclosure of financial assets [line items] | |||||
Total financial assets | £ 1,187,698 | £ 1,049,896 | |||
Provisions | 858 | 1,110 | |||
Expected credit losses held against contingent liabilities and commitments | |||||
Disclosure of financial assets [line items] | |||||
Provisions | 532 | 499 | |||
ECL | |||||
Disclosure of financial assets [line items] | |||||
Total financial assets | (4,352) | (3,998) | |||
Other financial assets subject to impairment | Gross | |||||
Disclosure of financial assets [line items] | |||||
Total financial assets | 155,100 | 135,500 | £ 150,300 | ||
Other financial assets subject to impairment | ECL | |||||
Disclosure of financial assets [line items] | |||||
Total financial assets | (152) | (104) | (145) | ||
Other financial assets subject to impairment | Stage 1 | Gross | |||||
Disclosure of financial assets [line items] | |||||
Total financial assets | 153,800 | 135,300 | 146,300 | ||
Other financial assets subject to impairment | Stage 1 | ECL | |||||
Disclosure of financial assets [line items] | |||||
Total financial assets | (7) | (4) | |||
Other financial assets subject to impairment | Stage 1 | ECL | Expected credit losses held against contingent liabilities and commitments | |||||
Disclosure of financial assets [line items] | |||||
Total financial assets | (4) | (7) | |||
Other financial assets subject to impairment | Lifetime expected credit losses | Stage 2 | Gross | |||||
Disclosure of financial assets [line items] | |||||
Total financial assets | 1,142 | 65 | 3,800 | ||
Other financial assets subject to impairment | Lifetime expected credit losses | Stage 2 | ECL | |||||
Disclosure of financial assets [line items] | |||||
Total financial assets | (8) | 0 | |||
Other assets | Lifetime expected credit losses | Stage 3 | Gross | |||||
Disclosure of financial assets [line items] | |||||
Total financial assets | $ 141 | 100 | $ 100 | 132 | |
Other assets | Lifetime expected credit losses | Stage 3 | ECL | |||||
Disclosure of financial assets [line items] | |||||
Total financial assets | (137) | (100) | £ (132) | ||
Financial assets at amortised cost | Loans and advances at amortised cost | |||||
Disclosure of financial assets [line items] | |||||
Total financial assets | £ 182,507 | £ 145,259 | |||
Coverage ratio | 2.10% | 2.10% | 2.40% | 2.40% | |
Financial assets at amortised cost | Loans and advances at amortised cost | Gross | |||||
Disclosure of financial assets [line items] | |||||
Total financial assets | £ 186,327 | £ 148,758 | |||
Financial assets at amortised cost | Loans and advances at amortised cost | ECL | |||||
Disclosure of financial assets [line items] | |||||
Total financial assets | (3,820) | (3,499) | |||
Financial assets at amortised cost | Loans and advances at amortised cost | Stage 1 | |||||
Disclosure of financial assets [line items] | |||||
Total financial assets | £ 163,115 | £ 128,217 | |||
Coverage ratio | 0.40% | 0.40% | 0.60% | 0.60% | |
Financial assets at amortised cost | Loans and advances at amortised cost | Stage 1 | Gross | |||||
Disclosure of financial assets [line items] | |||||
Total financial assets | £ 163,808 | £ 129,013 | |||
Financial assets at amortised cost | Loans and advances at amortised cost | Stage 1 | ECL | |||||
Disclosure of financial assets [line items] | |||||
Total financial assets | (693) | (796) | |||
Financial assets at amortised cost | Loans and advances at amortised cost | Lifetime expected credit losses | Stage 2 | |||||
Disclosure of financial assets [line items] | |||||
Total financial assets | £ 17,460 | £ 15,378 | |||
Coverage ratio | 7.90% | 7.90% | 6.20% | 6.20% | |
Financial assets at amortised cost | Loans and advances at amortised cost | Lifetime expected credit losses | Stage 2 | Gross | |||||
Disclosure of financial assets [line items] | |||||
Total financial assets | £ 18,949 | £ 16,397 | |||
Financial assets at amortised cost | Loans and advances at amortised cost | Lifetime expected credit losses | Stage 2 | ECL | |||||
Disclosure of financial assets [line items] | |||||
Total financial assets | (1,489) | (1,019) | |||
Financial assets at amortised cost | Loans and advances at amortised cost | Lifetime expected credit losses | Stage 3 | |||||
Disclosure of financial assets [line items] | |||||
Total financial assets | £ 1,932 | £ 1,664 | |||
Coverage ratio | 45.90% | 45.90% | 50.30% | 50.30% | |
Financial assets at amortised cost | Loans and advances at amortised cost | Lifetime expected credit losses | Stage 3 | Gross | |||||
Disclosure of financial assets [line items] | |||||
Total financial assets | £ 3,570 | £ 3,348 | |||
Financial assets at amortised cost | Loans and advances at amortised cost | Lifetime expected credit losses | Stage 3 | ECL | |||||
Disclosure of financial assets [line items] | |||||
Total financial assets | (1,638) | (1,684) | |||
Financial assets at amortised cost | Home loans | |||||
Disclosure of financial assets [line items] | |||||
Total financial assets | £ 11,405 | £ 10,985 | |||
Coverage ratio | 3.30% | 3.30% | 3.40% | 3.40% | |
Financial assets at amortised cost | Home loans | Gross | |||||
Disclosure of financial assets [line items] | |||||
Total financial assets | £ 11,798 | £ 11,371 | |||
Financial assets at amortised cost | Home loans | ECL | |||||
Disclosure of financial assets [line items] | |||||
Total financial assets | (393) | (386) | |||
Financial assets at amortised cost | Home loans | Stage 1 | |||||
Disclosure of financial assets [line items] | |||||
Total financial assets | £ 10,446 | £ 9,752 | |||
Coverage ratio | 0.10% | 0.10% | 0.10% | 0.10% | |
Financial assets at amortised cost | Home loans | Stage 1 | Gross | |||||
Disclosure of financial assets [line items] | |||||
Total financial assets | £ 10,458 | £ 9,760 | |||
Financial assets at amortised cost | Home loans | Stage 1 | ECL | |||||
Disclosure of financial assets [line items] | |||||
Total financial assets | (12) | (8) | |||
Financial assets at amortised cost | Home loans | Lifetime expected credit losses | Stage 2 | |||||
Disclosure of financial assets [line items] | |||||
Total financial assets | £ 337 | £ 618 | |||
Coverage ratio | 6.90% | 6.90% | 5.40% | 5.40% | |
Financial assets at amortised cost | Home loans | Lifetime expected credit losses | Stage 2 | Gross | |||||
Disclosure of financial assets [line items] | |||||
Total financial assets | £ 362 | £ 653 | |||
Financial assets at amortised cost | Home loans | Lifetime expected credit losses | Stage 2 | ECL | |||||
Disclosure of financial assets [line items] | |||||
Total financial assets | (25) | (35) | |||
Financial assets at amortised cost | Home loans | Lifetime expected credit losses | Stage 3 | |||||
Disclosure of financial assets [line items] | |||||
Total financial assets | £ 622 | £ 615 | |||
Coverage ratio | 36.40% | 36.40% | 35.80% | 35.80% | |
Financial assets at amortised cost | Home loans | Lifetime expected credit losses | Stage 3 | Gross | |||||
Disclosure of financial assets [line items] | |||||
Total financial assets | £ 978 | £ 958 | |||
Financial assets at amortised cost | Home loans | Lifetime expected credit losses | Stage 3 | ECL | |||||
Disclosure of financial assets [line items] | |||||
Total financial assets | (356) | (343) | |||
Financial assets at amortised cost | Credit cards, unsecured loans and other retail lending | |||||
Disclosure of financial assets [line items] | |||||
Total financial assets | £ 34,162 | £ 25,960 | |||
Coverage ratio | 7.10% | 7.10% | 8.10% | 8.10% | |
Financial assets at amortised cost | Credit cards, unsecured loans and other retail lending | Gross | |||||
Disclosure of financial assets [line items] | |||||
Total financial assets | £ 36,761 | £ 28,262 | |||
Financial assets at amortised cost | Credit cards, unsecured loans and other retail lending | ECL | |||||
Disclosure of financial assets [line items] | |||||
Total financial assets | (2,599) | (2,302) | |||
Financial assets at amortised cost | Credit cards, unsecured loans and other retail lending | Stage 1 | |||||
Disclosure of financial assets [line items] | |||||
Total financial assets | £ 30,108 | £ 23,406 | |||
Coverage ratio | 1.30% | 1.30% | 2.50% | 2.50% | |
Financial assets at amortised cost | Credit cards, unsecured loans and other retail lending | Stage 1 | Gross | |||||
Disclosure of financial assets [line items] | |||||
Total financial assets | £ 30,501 | £ 24,011 | |||
Financial assets at amortised cost | Credit cards, unsecured loans and other retail lending | Stage 1 | ECL | |||||
Disclosure of financial assets [line items] | |||||
Total financial assets | (393) | (605) | |||
Financial assets at amortised cost | Credit cards, unsecured loans and other retail lending | Lifetime expected credit losses | Stage 2 | |||||
Disclosure of financial assets [line items] | |||||
Total financial assets | £ 3,384 | £ 1,991 | |||
Coverage ratio | 26.20% | 26.20% | 28.40% | 28.40% | |
Financial assets at amortised cost | Credit cards, unsecured loans and other retail lending | Lifetime expected credit losses | Stage 2 | Gross | |||||
Disclosure of financial assets [line items] | |||||
Total financial assets | £ 4,586 | £ 2,782 | |||
Financial assets at amortised cost | Credit cards, unsecured loans and other retail lending | Lifetime expected credit losses | Stage 2 | ECL | |||||
Disclosure of financial assets [line items] | |||||
Total financial assets | (1,202) | (791) | |||
Financial assets at amortised cost | Credit cards, unsecured loans and other retail lending | Lifetime expected credit losses | Stage 3 | |||||
Disclosure of financial assets [line items] | |||||
Total financial assets | £ 670 | £ 563 | |||
Coverage ratio | 60% | 60% | 61.70% | 61.70% | |
Financial assets at amortised cost | Credit cards, unsecured loans and other retail lending | Lifetime expected credit losses | Stage 3 | Gross | |||||
Disclosure of financial assets [line items] | |||||
Total financial assets | £ 1,674 | £ 1,469 | |||
Financial assets at amortised cost | Credit cards, unsecured loans and other retail lending | Lifetime expected credit losses | Stage 3 | ECL | |||||
Disclosure of financial assets [line items] | |||||
Total financial assets | (1,004) | (906) | |||
Financial assets at amortised cost | Wholesale loans | |||||
Disclosure of financial assets [line items] | |||||
Total financial assets | £ 136,940 | £ 108,314 | |||
Coverage ratio | 0.60% | 0.60% | 0.70% | 0.70% | |
Financial assets at amortised cost | Wholesale loans | Gross | |||||
Disclosure of financial assets [line items] | |||||
Total financial assets | £ 137,768 | £ 109,125 | |||
Financial assets at amortised cost | Wholesale loans | ECL | |||||
Disclosure of financial assets [line items] | |||||
Total financial assets | (828) | (811) | |||
Financial assets at amortised cost | Wholesale loans | Stage 1 | |||||
Disclosure of financial assets [line items] | |||||
Total financial assets | £ 122,561 | £ 95,059 | |||
Coverage ratio | 0.20% | 0.20% | 0.20% | 0.20% | |
Financial assets at amortised cost | Wholesale loans | Stage 1 | Gross | |||||
Disclosure of financial assets [line items] | |||||
Total financial assets | £ 122,849 | £ 95,242 | |||
Financial assets at amortised cost | Wholesale loans | Stage 1 | ECL | |||||
Disclosure of financial assets [line items] | |||||
Total financial assets | (288) | (183) | |||
Financial assets at amortised cost | Wholesale loans | Lifetime expected credit losses | Stage 2 | |||||
Disclosure of financial assets [line items] | |||||
Total financial assets | £ 13,739 | £ 12,769 | |||
Coverage ratio | 1.90% | 1.90% | 1.50% | 1.50% | |
Financial assets at amortised cost | Wholesale loans | Lifetime expected credit losses | Stage 2 | Gross | |||||
Disclosure of financial assets [line items] | |||||
Total financial assets | £ 14,001 | £ 12,962 | |||
Financial assets at amortised cost | Wholesale loans | Lifetime expected credit losses | Stage 2 | ECL | |||||
Disclosure of financial assets [line items] | |||||
Total financial assets | (262) | (193) | |||
Financial assets at amortised cost | Wholesale loans | Lifetime expected credit losses | Stage 3 | |||||
Disclosure of financial assets [line items] | |||||
Total financial assets | £ 640 | £ 486 | |||
Coverage ratio | 30.30% | 30.30% | 47.20% | 47.20% | |
Financial assets at amortised cost | Wholesale loans | Lifetime expected credit losses | Stage 3 | Gross | |||||
Disclosure of financial assets [line items] | |||||
Total financial assets | £ 918 | £ 921 | |||
Financial assets at amortised cost | Wholesale loans | Lifetime expected credit losses | Stage 3 | ECL | |||||
Disclosure of financial assets [line items] | |||||
Total financial assets | (278) | (435) | |||
Not past due | Financial assets at amortised cost | Loans and advances at amortised cost | Lifetime expected credit losses | Stage 2 | |||||
Disclosure of financial assets [line items] | |||||
Total financial assets | £ 16,655 | £ 14,327 | |||
Coverage ratio | 6.80% | 6.80% | 5.90% | 5.90% | |
Not past due | Financial assets at amortised cost | Loans and advances at amortised cost | Lifetime expected credit losses | Stage 2 | Gross | |||||
Disclosure of financial assets [line items] | |||||
Total financial assets | £ 17,872 | £ 15,225 | |||
Not past due | Financial assets at amortised cost | Loans and advances at amortised cost | Lifetime expected credit losses | Stage 2 | ECL | |||||
Disclosure of financial assets [line items] | |||||
Total financial assets | (1,217) | (898) | |||
Not past due | Financial assets at amortised cost | Home loans | Lifetime expected credit losses | Stage 2 | |||||
Disclosure of financial assets [line items] | |||||
Total financial assets | £ 288 | £ 515 | |||
Coverage ratio | 7.10% | 7.10% | 6% | 6% | |
Not past due | Financial assets at amortised cost | Home loans | Lifetime expected credit losses | Stage 2 | Gross | |||||
Disclosure of financial assets [line items] | |||||
Total financial assets | £ 310 | £ 548 | |||
Not past due | Financial assets at amortised cost | Home loans | Lifetime expected credit losses | Stage 2 | ECL | |||||
Disclosure of financial assets [line items] | |||||
Total financial assets | (22) | (33) | |||
Not past due | Financial assets at amortised cost | Credit cards, unsecured loans and other retail lending | Lifetime expected credit losses | Stage 2 | |||||
Disclosure of financial assets [line items] | |||||
Total financial assets | £ 2,860 | £ 1,725 | |||
Coverage ratio | 24.70% | 24.70% | 28.20% | 28.20% | |
Not past due | Financial assets at amortised cost | Credit cards, unsecured loans and other retail lending | Lifetime expected credit losses | Stage 2 | Gross | |||||
Disclosure of financial assets [line items] | |||||
Total financial assets | £ 3,799 | £ 2,402 | |||
Not past due | Financial assets at amortised cost | Credit cards, unsecured loans and other retail lending | Lifetime expected credit losses | Stage 2 | ECL | |||||
Disclosure of financial assets [line items] | |||||
Total financial assets | (939) | (677) | |||
Not past due | Financial assets at amortised cost | Wholesale loans | Lifetime expected credit losses | Stage 2 | |||||
Disclosure of financial assets [line items] | |||||
Total financial assets | £ 13,507 | £ 12,087 | |||
Coverage ratio | 1.90% | 1.90% | 1.50% | 1.50% | |
Not past due | Financial assets at amortised cost | Wholesale loans | Lifetime expected credit losses | Stage 2 | Gross | |||||
Disclosure of financial assets [line items] | |||||
Total financial assets | £ 13,763 | £ 12,275 | |||
Not past due | Financial assets at amortised cost | Wholesale loans | Lifetime expected credit losses | Stage 2 | ECL | |||||
Disclosure of financial assets [line items] | |||||
Total financial assets | (256) | (188) | |||
Not later than one month | Financial assets at amortised cost | Loans and advances at amortised cost | Lifetime expected credit losses | Stage 2 | |||||
Disclosure of financial assets [line items] | |||||
Total financial assets | £ 348 | £ 478 | |||
Coverage ratio | 22.10% | 22.10% | 8.30% | 8.30% | |
Not later than one month | Financial assets at amortised cost | Loans and advances at amortised cost | Lifetime expected credit losses | Stage 2 | Gross | |||||
Disclosure of financial assets [line items] | |||||
Total financial assets | £ 447 | £ 521 | |||
Not later than one month | Financial assets at amortised cost | Loans and advances at amortised cost | Lifetime expected credit losses | Stage 2 | ECL | |||||
Disclosure of financial assets [line items] | |||||
Total financial assets | (99) | (43) | |||
Not later than one month | Financial assets at amortised cost | Home loans | Lifetime expected credit losses | Stage 2 | |||||
Disclosure of financial assets [line items] | |||||
Total financial assets | £ 9 | £ 21 | |||
Coverage ratio | 18.20% | 18.20% | 4.50% | 4.50% | |
Not later than one month | Financial assets at amortised cost | Home loans | Lifetime expected credit losses | Stage 2 | Gross | |||||
Disclosure of financial assets [line items] | |||||
Total financial assets | £ 11 | £ 22 | |||
Not later than one month | Financial assets at amortised cost | Home loans | Lifetime expected credit losses | Stage 2 | ECL | |||||
Disclosure of financial assets [line items] | |||||
Total financial assets | (2) | (1) | |||
Not later than one month | Financial assets at amortised cost | Credit cards, unsecured loans and other retail lending | Lifetime expected credit losses | Stage 2 | |||||
Disclosure of financial assets [line items] | |||||
Total financial assets | £ 199 | £ 159 | |||
Coverage ratio | 31.60% | 31.60% | 19.70% | 19.70% | |
Not later than one month | Financial assets at amortised cost | Credit cards, unsecured loans and other retail lending | Lifetime expected credit losses | Stage 2 | Gross | |||||
Disclosure of financial assets [line items] | |||||
Total financial assets | £ 291 | £ 198 | |||
Not later than one month | Financial assets at amortised cost | Credit cards, unsecured loans and other retail lending | Lifetime expected credit losses | Stage 2 | ECL | |||||
Disclosure of financial assets [line items] | |||||
Total financial assets | (92) | (39) | |||
Not later than one month | Financial assets at amortised cost | Wholesale loans | Lifetime expected credit losses | Stage 2 | |||||
Disclosure of financial assets [line items] | |||||
Total financial assets | £ 140 | £ 298 | |||
Coverage ratio | 3.40% | 3.40% | 1% | 1% | |
Not later than one month | Financial assets at amortised cost | Wholesale loans | Lifetime expected credit losses | Stage 2 | Gross | |||||
Disclosure of financial assets [line items] | |||||
Total financial assets | £ 145 | £ 301 | |||
Not later than one month | Financial assets at amortised cost | Wholesale loans | Lifetime expected credit losses | Stage 2 | ECL | |||||
Disclosure of financial assets [line items] | |||||
Total financial assets | (5) | (3) | |||
Greater than 30 days past due | Financial assets at amortised cost | Loans and advances at amortised cost | Lifetime expected credit losses | Stage 2 | |||||
Disclosure of financial assets [line items] | |||||
Total financial assets | £ 457 | £ 573 | |||
Coverage ratio | 27.50% | 27.50% | 12% | 12% | |
Greater than 30 days past due | Financial assets at amortised cost | Loans and advances at amortised cost | Lifetime expected credit losses | Stage 2 | Gross | |||||
Disclosure of financial assets [line items] | |||||
Total financial assets | £ 630 | £ 651 | |||
Greater than 30 days past due | Financial assets at amortised cost | Loans and advances at amortised cost | Lifetime expected credit losses | Stage 2 | ECL | |||||
Disclosure of financial assets [line items] | |||||
Total financial assets | (173) | (78) | |||
Greater than 30 days past due | Financial assets at amortised cost | Home loans | Lifetime expected credit losses | Stage 2 | |||||
Disclosure of financial assets [line items] | |||||
Total financial assets | £ 40 | £ 82 | |||
Coverage ratio | 2.40% | 2.40% | 1.20% | 1.20% | |
Greater than 30 days past due | Financial assets at amortised cost | Home loans | Lifetime expected credit losses | Stage 2 | Gross | |||||
Disclosure of financial assets [line items] | |||||
Total financial assets | £ 41 | £ 83 | |||
Greater than 30 days past due | Financial assets at amortised cost | Home loans | Lifetime expected credit losses | Stage 2 | ECL | |||||
Disclosure of financial assets [line items] | |||||
Total financial assets | (1) | (1) | |||
Greater than 30 days past due | Financial assets at amortised cost | Credit cards, unsecured loans and other retail lending | Lifetime expected credit losses | Stage 2 | |||||
Disclosure of financial assets [line items] | |||||
Total financial assets | £ 325 | £ 107 | |||
Coverage ratio | 34.50% | 34.50% | 41.20% | 41.20% | |
Greater than 30 days past due | Financial assets at amortised cost | Credit cards, unsecured loans and other retail lending | Lifetime expected credit losses | Stage 2 | Gross | |||||
Disclosure of financial assets [line items] | |||||
Total financial assets | £ 496 | £ 182 | |||
Greater than 30 days past due | Financial assets at amortised cost | Credit cards, unsecured loans and other retail lending | Lifetime expected credit losses | Stage 2 | ECL | |||||
Disclosure of financial assets [line items] | |||||
Total financial assets | (171) | (75) | |||
Greater than 30 days past due | Financial assets at amortised cost | Wholesale loans | Lifetime expected credit losses | Stage 2 | |||||
Disclosure of financial assets [line items] | |||||
Total financial assets | £ 92 | £ 384 | |||
Coverage ratio | 1.10% | 1.10% | 0.50% | 0.50% | |
Greater than 30 days past due | Financial assets at amortised cost | Wholesale loans | Lifetime expected credit losses | Stage 2 | Gross | |||||
Disclosure of financial assets [line items] | |||||
Total financial assets | £ 93 | £ 386 | |||
Greater than 30 days past due | Financial assets at amortised cost | Wholesale loans | Lifetime expected credit losses | Stage 2 | ECL | |||||
Disclosure of financial assets [line items] | |||||
Total financial assets | £ (1) | £ (2) |
Other disclosures - Risk Mana_5
Other disclosures - Risk Management and Principal Risks - Movement in gross exposures and impairment allowance including reconciliation of ECL (audited) (Details) £ in Millions, $ in Millions | 12 Months Ended | ||||
Dec. 31, 2022 GBP (£) | Dec. 31, 2021 GBP (£) | Dec. 31, 2020 GBP (£) | Dec. 31, 2022 USD ($) | Dec. 31, 2021 USD ($) | |
Reconciliation of ECL movement to impairment (charge)/release for the period, Loans and advances at amortised cost | |||||
Recoveries and reimbursements | £ (228) | £ 259 | £ (368) | ||
Exchange and other adjustments | (306) | 81 | |||
Credit impairment charges/(releases) | 933 | (277) | 3,377 | ||
Post write-off recoveries | 33 | 31 | |||
Total financial assets | 1,187,698 | 1,049,896 | |||
Financial guarantee contracts | |||||
Reconciliation of ECL movement to impairment (charge)/release for the period, Loans and advances at amortised cost | |||||
Recoveries and reimbursements | (195) | 290 | |||
Financial guarantee contracts | Third parties | |||||
Reconciliation of ECL movement to impairment (charge)/release for the period, Loans and advances at amortised cost | |||||
Credit impairment charges/(releases) | 195 | (290) | |||
Loans and advances at amortised cost | |||||
Loans and advances at amortised cost | |||||
Opening/Beginning balance | 3,998 | ||||
Closing/Ending balance | 4,352 | 3,998 | |||
Reconciliation of ECL movement to impairment (charge)/release for the period, Loans and advances at amortised cost | |||||
ECL movement | 1,386 | (334) | |||
Credit impairment charges/(releases) | 897 | (262) | 3,239 | ||
Home loans | |||||
Loans and advances at amortised cost | |||||
Opening/Beginning balance | 386 | ||||
Closing/Ending balance | 393 | 386 | |||
Reconciliation of ECL movement to impairment (charge)/release for the period, Loans and advances at amortised cost | |||||
ECL movement | 30 | (30) | |||
Credit cards, unsecured loans and other retail lending | |||||
Loans and advances at amortised cost | |||||
Opening/Beginning balance | 2,391 | ||||
Closing/Ending balance | 2,719 | 2,391 | |||
Reconciliation of ECL movement to impairment (charge)/release for the period, Loans and advances at amortised cost | |||||
ECL movement | 1,017 | 171 | |||
Credit cards, unsecured loans and other retail lending | GAP Portfolio | |||||
Loans and advances at amortised cost | |||||
Business activity in the year | 2,700 | ||||
Wholesale loans | |||||
Loans and advances at amortised cost | |||||
Opening/Beginning balance | 1,221 | ||||
Closing/Ending balance | 1,240 | 1,221 | |||
Reconciliation of ECL movement to impairment (charge)/release for the period, Loans and advances at amortised cost | |||||
ECL movement | 339 | (475) | |||
Off-balance sheet loan commitments and financial guarantee contracts | |||||
Reconciliation of ECL movement to impairment (charge)/release for the period, Loans and advances at amortised cost | |||||
ECL movement | 33 | (270) | |||
Other financial assets subject to impairment | |||||
Reconciliation of ECL movement to impairment (charge)/release for the period, Loans and advances at amortised cost | |||||
ECL movement | 48 | (13) | |||
Gross | Home loans | |||||
Loans and advances at amortised cost | |||||
Opening/Beginning balance | 11,371 | 11,627 | |||
Business activity in the year | 1,887 | 1,745 | |||
Refinements to models used for calculation | 0 | 0 | |||
Net drawdowns, repayments, net re-measurement and movements due to exposure and risk parameter changes | (130) | (837) | |||
Final repayments | (1,307) | (1,146) | |||
Disposals | 0 | 0 | |||
Write-offs | (23) | (18) | |||
Closing/Ending balance | 11,798 | 11,371 | 11,627 | ||
Gross | Credit cards, unsecured loans and other retail lending | |||||
Loans and advances at amortised cost | |||||
Opening/Beginning balance | 28,262 | 26,347 | |||
Business activity in the year | 8,113 | 4,853 | |||
Refinements to models used for calculation | 0 | 0 | |||
Net drawdowns, repayments, net re-measurement and movements due to exposure and risk parameter changes | 4,573 | (101) | |||
Final repayments | (3,272) | (1,974) | |||
Disposals | (236) | (37) | |||
Write-offs | (679) | (826) | |||
Closing/Ending balance | 36,761 | 28,262 | 26,347 | ||
Gross | Wholesale loans | |||||
Loans and advances at amortised cost | |||||
Opening/Beginning balance | 109,125 | 101,359 | |||
Business activity in the year | 38,487 | 29,657 | |||
Refinements to models used for calculation | 0 | 0 | |||
Net drawdowns, repayments, net re-measurement and movements due to exposure and risk parameter changes | 23,004 | 3,438 | |||
Final repayments | (30,981) | (24,307) | |||
Disposals | (1,592) | (708) | |||
Write-offs | (275) | (314) | |||
Closing/Ending balance | 137,768 | 109,125 | 101,359 | ||
Gross | Other financial assets subject to impairment | |||||
Reconciliation of ECL movement to impairment (charge)/release for the period, Loans and advances at amortised cost | |||||
Total financial assets | 155,100 | 135,500 | 150,300 | ||
ECL | |||||
Reconciliation of ECL movement to impairment (charge)/release for the period, Loans and advances at amortised cost | |||||
Total financial assets | (4,352) | (3,998) | |||
ECL | Home loans | |||||
Loans and advances at amortised cost | |||||
Opening/Beginning balance | 386 | 434 | |||
Business activity in the year | 5 | 2 | |||
Refinements to models used for calculation | 0 | 34 | |||
Net drawdowns, repayments, net re-measurement and movements due to exposure and risk parameter changes | 30 | (61) | |||
Final repayments | 5 | 5 | |||
Disposals | 0 | 0 | |||
Write-offs | 23 | 18 | |||
Closing/Ending balance | 393 | 386 | 434 | ||
ECL | Credit cards, unsecured loans and other retail lending | |||||
Loans and advances at amortised cost | |||||
Opening/Beginning balance | 2,302 | 2,979 | |||
Business activity in the year | 352 | 112 | |||
Refinements to models used for calculation | 326 | (30) | |||
Net drawdowns, repayments, net re-measurement and movements due to exposure and risk parameter changes | 381 | 124 | |||
Final repayments | 42 | 35 | |||
Disposals | 41 | 22 | |||
Write-offs | 679 | 826 | |||
Closing/Ending balance | 2,599 | 2,302 | 2,979 | ||
ECL | Wholesale loans | |||||
Loans and advances at amortised cost | |||||
Opening/Beginning balance | 811 | 1,653 | |||
Business activity in the year | 141 | 112 | |||
Refinements to models used for calculation | (22) | 3 | |||
Net drawdowns, repayments, net re-measurement and movements due to exposure and risk parameter changes | 338 | (268) | |||
Final repayments | 118 | 322 | |||
Disposals | 47 | 53 | |||
Write-offs | 275 | 314 | |||
Closing/Ending balance | 828 | 811 | 1,653 | ||
ECL | Other financial assets subject to impairment | |||||
Reconciliation of ECL movement to impairment (charge)/release for the period, Loans and advances at amortised cost | |||||
Total financial assets | (152) | (104) | (145) | ||
Stage 1 | |||||
Reconciliation of ECL movement to impairment (charge)/release for the period, Loans and advances at amortised cost | |||||
Recoveries and reimbursements | (121) | 47 | |||
Stage 1 | Loans and advances at amortised cost | |||||
Reconciliation of ECL movement to impairment (charge)/release for the period, Loans and advances at amortised cost | |||||
ECL movement | (99) | 119 | |||
Stage 1 | Home loans | |||||
Reconciliation of ECL movement to impairment (charge)/release for the period, Loans and advances at amortised cost | |||||
ECL movement | 4 | 2 | |||
Stage 1 | Credit cards, unsecured loans and other retail lending | |||||
Reconciliation of ECL movement to impairment (charge)/release for the period, Loans and advances at amortised cost | |||||
ECL movement | (208) | 206 | |||
Stage 1 | Wholesale loans | |||||
Reconciliation of ECL movement to impairment (charge)/release for the period, Loans and advances at amortised cost | |||||
ECL movement | 105 | (89) | |||
Stage 1 | Off-balance sheet loan commitments and financial guarantee contracts | |||||
Reconciliation of ECL movement to impairment (charge)/release for the period, Loans and advances at amortised cost | |||||
ECL movement | 31 | (36) | |||
Stage 1 | Other financial assets subject to impairment | |||||
Reconciliation of ECL movement to impairment (charge)/release for the period, Loans and advances at amortised cost | |||||
ECL movement | 3 | (3) | |||
Stage 1 | Gross | Home loans | |||||
Loans and advances at amortised cost | |||||
Opening/Beginning balance | 9,760 | 9,627 | |||
Business activity in the year | 1,887 | 1,745 | |||
Refinements to models used for calculation | 0 | 0 | |||
Net drawdowns, repayments, net re-measurement and movements due to exposure and risk parameter changes | (131) | (742) | |||
Final repayments | (1,098) | (890) | |||
Disposals | 0 | 0 | |||
Write-offs | 0 | 0 | |||
Closing/Ending balance | 10,458 | 9,760 | 9,627 | ||
Stage 1 | Gross | Credit cards, unsecured loans and other retail lending | |||||
Loans and advances at amortised cost | |||||
Opening/Beginning balance | 24,011 | 18,923 | |||
Business activity in the year | 7,668 | 4,731 | |||
Refinements to models used for calculation | 0 | 0 | |||
Net drawdowns, repayments, net re-measurement and movements due to exposure and risk parameter changes | 3,236 | 509 | |||
Final repayments | (2,887) | (1,489) | |||
Disposals | (159) | 0 | |||
Write-offs | 0 | 0 | |||
Closing/Ending balance | 30,501 | 24,011 | 18,923 | ||
Stage 1 | Gross | Wholesale loans | |||||
Loans and advances at amortised cost | |||||
Opening/Beginning balance | 95,242 | 83,254 | |||
Business activity in the year | 34,522 | 27,946 | |||
Refinements to models used for calculation | 0 | 0 | |||
Net drawdowns, repayments, net re-measurement and movements due to exposure and risk parameter changes | 21,238 | 2,448 | |||
Final repayments | (27,331) | (19,481) | |||
Disposals | (1,512) | (588) | |||
Write-offs | 0 | 0 | |||
Closing/Ending balance | 122,849 | 95,242 | 83,254 | ||
Stage 1 | Gross | Other financial assets subject to impairment | |||||
Reconciliation of ECL movement to impairment (charge)/release for the period, Loans and advances at amortised cost | |||||
Total financial assets | 153,800 | 135,300 | 146,300 | ||
Stage 1 | ECL | Home loans | |||||
Loans and advances at amortised cost | |||||
Opening/Beginning balance | 8 | 6 | |||
Business activity in the year | 5 | 2 | |||
Refinements to models used for calculation | 0 | 0 | |||
Net drawdowns, repayments, net re-measurement and movements due to exposure and risk parameter changes | (17) | (22) | |||
Final repayments | 1 | 0 | |||
Disposals | 0 | 0 | |||
Write-offs | 0 | 0 | |||
Closing/Ending balance | 12 | 8 | 6 | ||
Stage 1 | ECL | Credit cards, unsecured loans and other retail lending | |||||
Loans and advances at amortised cost | |||||
Opening/Beginning balance | 605 | 399 | |||
Business activity in the year | 138 | 84 | |||
Refinements to models used for calculation | 43 | (3) | |||
Net drawdowns, repayments, net re-measurement and movements due to exposure and risk parameter changes | (545) | (360) | |||
Final repayments | 19 | 14 | |||
Disposals | 4 | 0 | |||
Write-offs | 0 | 0 | |||
Closing/Ending balance | 393 | 605 | 399 | ||
Stage 1 | ECL | Wholesale loans | |||||
Loans and advances at amortised cost | |||||
Opening/Beginning balance | 183 | 280 | |||
Business activity in the year | 55 | 74 | |||
Refinements to models used for calculation | 2 | 0 | |||
Net drawdowns, repayments, net re-measurement and movements due to exposure and risk parameter changes | 39 | (301) | |||
Final repayments | 33 | 29 | |||
Disposals | 0 | 8 | |||
Write-offs | 0 | 0 | |||
Closing/Ending balance | 288 | 183 | 280 | ||
Stage 1 | ECL | Other financial assets subject to impairment | |||||
Reconciliation of ECL movement to impairment (charge)/release for the period, Loans and advances at amortised cost | |||||
Total financial assets | (7) | (4) | |||
Stage 1 | ECL | Other financial assets subject to impairment | Expected credit losses held against contingent liabilities and commitments | |||||
Reconciliation of ECL movement to impairment (charge)/release for the period, Loans and advances at amortised cost | |||||
Total financial assets | (4) | (7) | |||
Lifetime expected credit losses | Stage 2 | |||||
Reconciliation of ECL movement to impairment (charge)/release for the period, Loans and advances at amortised cost | |||||
Recoveries and reimbursements | (61) | 220 | |||
Lifetime expected credit losses | Stage 2 | Loans and advances at amortised cost | |||||
Reconciliation of ECL movement to impairment (charge)/release for the period, Loans and advances at amortised cost | |||||
ECL movement | 481 | (889) | |||
Lifetime expected credit losses | Stage 2 | Home loans | |||||
Reconciliation of ECL movement to impairment (charge)/release for the period, Loans and advances at amortised cost | |||||
ECL movement | (10) | (17) | |||
Lifetime expected credit losses | Stage 2 | Credit cards, unsecured loans and other retail lending | |||||
Reconciliation of ECL movement to impairment (charge)/release for the period, Loans and advances at amortised cost | |||||
ECL movement | 422 | (536) | |||
Lifetime expected credit losses | Stage 2 | Wholesale loans | |||||
Reconciliation of ECL movement to impairment (charge)/release for the period, Loans and advances at amortised cost | |||||
ECL movement | 69 | (336) | |||
Lifetime expected credit losses | Stage 2 | Off-balance sheet loan commitments and financial guarantee contracts | |||||
Reconciliation of ECL movement to impairment (charge)/release for the period, Loans and advances at amortised cost | |||||
ECL movement | 1 | (205) | |||
Lifetime expected credit losses | Stage 2 | Other financial assets subject to impairment | |||||
Reconciliation of ECL movement to impairment (charge)/release for the period, Loans and advances at amortised cost | |||||
ECL movement | 8 | (6) | |||
Lifetime expected credit losses | Stage 2 | Gross | Home loans | |||||
Loans and advances at amortised cost | |||||
Opening/Beginning balance | 653 | 901 | |||
Business activity in the year | 0 | 0 | |||
Refinements to models used for calculation | 0 | 0 | |||
Net drawdowns, repayments, net re-measurement and movements due to exposure and risk parameter changes | (7) | (25) | |||
Final repayments | (64) | (142) | |||
Disposals | 0 | 0 | |||
Write-offs | 0 | 0 | |||
Closing/Ending balance | 362 | 653 | 901 | ||
Lifetime expected credit losses | Stage 2 | Gross | Credit cards, unsecured loans and other retail lending | |||||
Loans and advances at amortised cost | |||||
Opening/Beginning balance | 2,782 | 5,571 | |||
Business activity in the year | 319 | 106 | |||
Refinements to models used for calculation | 0 | 0 | |||
Net drawdowns, repayments, net re-measurement and movements due to exposure and risk parameter changes | 1,182 | (514) | |||
Final repayments | (235) | (409) | |||
Disposals | (29) | 0 | |||
Write-offs | 0 | 0 | |||
Closing/Ending balance | 4,586 | 2,782 | 5,571 | ||
Lifetime expected credit losses | Stage 2 | Gross | Wholesale loans | |||||
Loans and advances at amortised cost | |||||
Opening/Beginning balance | 12,962 | 15,938 | |||
Business activity in the year | 3,956 | 1,674 | |||
Refinements to models used for calculation | 0 | 0 | |||
Net drawdowns, repayments, net re-measurement and movements due to exposure and risk parameter changes | 1,738 | 1,072 | |||
Final repayments | (3,557) | (4,322) | |||
Disposals | (31) | (49) | |||
Write-offs | 0 | 0 | |||
Closing/Ending balance | 14,001 | 12,962 | 15,938 | ||
Lifetime expected credit losses | Stage 2 | Gross | Other financial assets subject to impairment | |||||
Reconciliation of ECL movement to impairment (charge)/release for the period, Loans and advances at amortised cost | |||||
Total financial assets | 1,142 | 65 | 3,800 | ||
Lifetime expected credit losses | Stage 2 | ECL | Home loans | |||||
Loans and advances at amortised cost | |||||
Opening/Beginning balance | 35 | 52 | |||
Business activity in the year | 0 | 0 | |||
Refinements to models used for calculation | 0 | (4) | |||
Net drawdowns, repayments, net re-measurement and movements due to exposure and risk parameter changes | 8 | 11 | |||
Final repayments | 1 | 1 | |||
Disposals | 0 | 0 | |||
Write-offs | 0 | 0 | |||
Closing/Ending balance | 25 | 35 | 52 | ||
Lifetime expected credit losses | Stage 2 | ECL | Credit cards, unsecured loans and other retail lending | |||||
Loans and advances at amortised cost | |||||
Opening/Beginning balance | 791 | 1,327 | |||
Business activity in the year | 113 | 23 | |||
Refinements to models used for calculation | 187 | (27) | |||
Net drawdowns, repayments, net re-measurement and movements due to exposure and risk parameter changes | 473 | 147 | |||
Final repayments | 12 | 16 | |||
Disposals | 11 | 0 | |||
Write-offs | 0 | 0 | |||
Closing/Ending balance | 1,202 | 791 | 1,327 | ||
Lifetime expected credit losses | Stage 2 | ECL | Wholesale loans | |||||
Loans and advances at amortised cost | |||||
Opening/Beginning balance | 193 | 533 | |||
Business activity in the year | 80 | 15 | |||
Refinements to models used for calculation | (24) | 3 | |||
Net drawdowns, repayments, net re-measurement and movements due to exposure and risk parameter changes | 95 | (14) | |||
Final repayments | 41 | 168 | |||
Disposals | 0 | 4 | |||
Write-offs | 0 | 0 | |||
Closing/Ending balance | 262 | 193 | 533 | ||
Lifetime expected credit losses | Stage 2 | ECL | Other financial assets subject to impairment | |||||
Reconciliation of ECL movement to impairment (charge)/release for the period, Loans and advances at amortised cost | |||||
Total financial assets | (8) | 0 | |||
Lifetime expected credit losses | Stage 2 | ECL | Fair value through other comprehensive income | |||||
Reconciliation of ECL movement to impairment (charge)/release for the period, Loans and advances at amortised cost | |||||
Total financial assets | 0 | (6) | |||
Lifetime expected credit losses | Stage 3 | |||||
Reconciliation of ECL movement to impairment (charge)/release for the period, Loans and advances at amortised cost | |||||
Recoveries and reimbursements | (46) | (8) | |||
Lifetime expected credit losses | Stage 3 | Loans and advances at amortised cost | |||||
Reconciliation of ECL movement to impairment (charge)/release for the period, Loans and advances at amortised cost | |||||
ECL movement | 1,004 | 436 | |||
Lifetime expected credit losses | Stage 3 | Home loans | |||||
Reconciliation of ECL movement to impairment (charge)/release for the period, Loans and advances at amortised cost | |||||
ECL movement | 36 | (15) | |||
Lifetime expected credit losses | Stage 3 | Credit cards, unsecured loans and other retail lending | |||||
Reconciliation of ECL movement to impairment (charge)/release for the period, Loans and advances at amortised cost | |||||
ECL movement | 803 | 501 | |||
Lifetime expected credit losses | Stage 3 | Wholesale loans | |||||
Reconciliation of ECL movement to impairment (charge)/release for the period, Loans and advances at amortised cost | |||||
ECL movement | 165 | (50) | |||
Lifetime expected credit losses | Stage 3 | Off-balance sheet loan commitments and financial guarantee contracts | |||||
Reconciliation of ECL movement to impairment (charge)/release for the period, Loans and advances at amortised cost | |||||
ECL movement | 1 | (29) | |||
Lifetime expected credit losses | Stage 3 | Other financial assets subject to impairment | |||||
Reconciliation of ECL movement to impairment (charge)/release for the period, Loans and advances at amortised cost | |||||
ECL movement | 37 | (4) | |||
Lifetime expected credit losses | Stage 3 | Gross | Home loans | |||||
Loans and advances at amortised cost | |||||
Opening/Beginning balance | 958 | 1,099 | |||
Business activity in the year | 0 | 0 | |||
Refinements to models used for calculation | 0 | 0 | |||
Net drawdowns, repayments, net re-measurement and movements due to exposure and risk parameter changes | 8 | (70) | |||
Final repayments | (145) | (114) | |||
Disposals | 0 | 0 | |||
Write-offs | (23) | (18) | |||
Closing/Ending balance | 978 | 958 | 1,099 | ||
Lifetime expected credit losses | Stage 3 | Gross | Credit cards, unsecured loans and other retail lending | |||||
Loans and advances at amortised cost | |||||
Opening/Beginning balance | 1,469 | 1,853 | |||
Business activity in the year | 126 | 16 | |||
Refinements to models used for calculation | 0 | 0 | |||
Net drawdowns, repayments, net re-measurement and movements due to exposure and risk parameter changes | 155 | (96) | |||
Final repayments | (150) | (76) | |||
Disposals | (48) | (37) | |||
Write-offs | (679) | (826) | |||
Closing/Ending balance | 1,674 | 1,469 | 1,853 | ||
Lifetime expected credit losses | Stage 3 | Gross | Wholesale loans | |||||
Loans and advances at amortised cost | |||||
Opening/Beginning balance | 921 | 2,167 | |||
Business activity in the year | 9 | 37 | |||
Refinements to models used for calculation | 0 | 0 | |||
Net drawdowns, repayments, net re-measurement and movements due to exposure and risk parameter changes | 28 | (82) | |||
Final repayments | (93) | (504) | |||
Disposals | (49) | (71) | |||
Write-offs | (275) | (314) | |||
Closing/Ending balance | 918 | 921 | 2,167 | ||
Lifetime expected credit losses | Stage 3 | Gross | Other assets | |||||
Reconciliation of ECL movement to impairment (charge)/release for the period, Loans and advances at amortised cost | |||||
Total financial assets | 100 | 132 | $ 141 | $ 100 | |
Lifetime expected credit losses | Stage 3 | ECL | Home loans | |||||
Loans and advances at amortised cost | |||||
Opening/Beginning balance | 343 | 376 | |||
Business activity in the year | 0 | 0 | |||
Refinements to models used for calculation | 0 | 38 | |||
Net drawdowns, repayments, net re-measurement and movements due to exposure and risk parameter changes | 39 | (50) | |||
Final repayments | 3 | 4 | |||
Disposals | 0 | 0 | |||
Write-offs | 23 | 18 | |||
Closing/Ending balance | 356 | 343 | 376 | ||
Lifetime expected credit losses | Stage 3 | ECL | Credit cards, unsecured loans and other retail lending | |||||
Loans and advances at amortised cost | |||||
Opening/Beginning balance | 906 | 1,253 | |||
Business activity in the year | 101 | 5 | |||
Refinements to models used for calculation | 96 | 0 | |||
Net drawdowns, repayments, net re-measurement and movements due to exposure and risk parameter changes | 453 | 337 | |||
Final repayments | 11 | 5 | |||
Disposals | 26 | 22 | |||
Write-offs | 679 | 826 | |||
Closing/Ending balance | 1,004 | 906 | 1,253 | ||
Lifetime expected credit losses | Stage 3 | ECL | Wholesale loans | |||||
Loans and advances at amortised cost | |||||
Opening/Beginning balance | 435 | 840 | |||
Business activity in the year | 6 | 23 | |||
Refinements to models used for calculation | 0 | 0 | |||
Net drawdowns, repayments, net re-measurement and movements due to exposure and risk parameter changes | 204 | 47 | |||
Final repayments | 44 | 125 | |||
Disposals | 47 | 41 | |||
Write-offs | 275 | 314 | |||
Closing/Ending balance | 278 | 435 | 840 | ||
Lifetime expected credit losses | Stage 3 | ECL | Other assets | |||||
Reconciliation of ECL movement to impairment (charge)/release for the period, Loans and advances at amortised cost | |||||
Total financial assets | (137) | (100) | (132) | ||
Financial assets at amortised cost | Loans and advances at amortised cost | |||||
Reconciliation of ECL movement to impairment (charge)/release for the period, Loans and advances at amortised cost | |||||
Total financial assets | 182,507 | 145,259 | |||
Financial assets at amortised cost | Home loans | |||||
Reconciliation of ECL movement to impairment (charge)/release for the period, Loans and advances at amortised cost | |||||
Total financial assets | 11,405 | 10,985 | |||
Financial assets at amortised cost | Credit cards, unsecured loans and other retail lending | |||||
Reconciliation of ECL movement to impairment (charge)/release for the period, Loans and advances at amortised cost | |||||
Total financial assets | 34,162 | 25,960 | |||
Financial assets at amortised cost | Wholesale loans | |||||
Reconciliation of ECL movement to impairment (charge)/release for the period, Loans and advances at amortised cost | |||||
Total financial assets | 136,940 | 108,314 | |||
Financial assets at amortised cost | Gross | Loans and advances at amortised cost | |||||
Loans and advances at amortised cost | |||||
Write-offs | (977) | (1,158) | (1,337) | ||
Reconciliation of ECL movement to impairment (charge)/release for the period, Loans and advances at amortised cost | |||||
Post write-off recoveries | 33 | 31 | 4 | ||
Net write-offs | 944 | 1,127 | £ 1,333 | ||
Total financial assets | 186,327 | 148,758 | |||
Financial assets at amortised cost | Gross | Home loans | |||||
Reconciliation of ECL movement to impairment (charge)/release for the period, Loans and advances at amortised cost | |||||
Total financial assets | 11,798 | 11,371 | |||
Financial assets at amortised cost | Gross | Credit cards, unsecured loans and other retail lending | |||||
Reconciliation of ECL movement to impairment (charge)/release for the period, Loans and advances at amortised cost | |||||
Total financial assets | 36,761 | 28,262 | |||
Financial assets at amortised cost | Gross | Wholesale loans | |||||
Reconciliation of ECL movement to impairment (charge)/release for the period, Loans and advances at amortised cost | |||||
Total financial assets | 137,768 | 109,125 | |||
Financial assets at amortised cost | ECL | Loans and advances at amortised cost | |||||
Reconciliation of ECL movement to impairment (charge)/release for the period, Loans and advances at amortised cost | |||||
Total financial assets | (3,820) | (3,499) | |||
Financial assets at amortised cost | ECL | Home loans | |||||
Reconciliation of ECL movement to impairment (charge)/release for the period, Loans and advances at amortised cost | |||||
Total financial assets | (393) | (386) | |||
Financial assets at amortised cost | ECL | Credit cards, unsecured loans and other retail lending | |||||
Reconciliation of ECL movement to impairment (charge)/release for the period, Loans and advances at amortised cost | |||||
Total financial assets | (2,599) | (2,302) | |||
Financial assets at amortised cost | ECL | Wholesale loans | |||||
Reconciliation of ECL movement to impairment (charge)/release for the period, Loans and advances at amortised cost | |||||
Total financial assets | (828) | (811) | |||
Financial assets at amortised cost | ECL | Off-balance sheet loan commitments and financial guarantee contracts | |||||
Reconciliation of ECL movement to impairment (charge)/release for the period, Loans and advances at amortised cost | |||||
Total financial assets | (532) | (499) | |||
Financial assets at amortised cost | Stage 1 | Loans and advances at amortised cost | |||||
Reconciliation of ECL movement to impairment (charge)/release for the period, Loans and advances at amortised cost | |||||
Total financial assets | 163,115 | 128,217 | |||
Financial assets at amortised cost | Stage 1 | Home loans | |||||
Reconciliation of ECL movement to impairment (charge)/release for the period, Loans and advances at amortised cost | |||||
Total financial assets | 10,446 | 9,752 | |||
Financial assets at amortised cost | Stage 1 | Credit cards, unsecured loans and other retail lending | |||||
Reconciliation of ECL movement to impairment (charge)/release for the period, Loans and advances at amortised cost | |||||
Total financial assets | 30,108 | 23,406 | |||
Financial assets at amortised cost | Stage 1 | Wholesale loans | |||||
Reconciliation of ECL movement to impairment (charge)/release for the period, Loans and advances at amortised cost | |||||
Total financial assets | 122,561 | 95,059 | |||
Financial assets at amortised cost | Stage 1 | Gross | Loans and advances at amortised cost | |||||
Reconciliation of ECL movement to impairment (charge)/release for the period, Loans and advances at amortised cost | |||||
Total financial assets | 163,808 | 129,013 | |||
Financial assets at amortised cost | Stage 1 | Gross | Home loans | |||||
Reconciliation of ECL movement to impairment (charge)/release for the period, Loans and advances at amortised cost | |||||
Total financial assets | 10,458 | 9,760 | |||
Financial assets at amortised cost | Stage 1 | Gross | Credit cards, unsecured loans and other retail lending | |||||
Reconciliation of ECL movement to impairment (charge)/release for the period, Loans and advances at amortised cost | |||||
Total financial assets | 30,501 | 24,011 | |||
Financial assets at amortised cost | Stage 1 | Gross | Wholesale loans | |||||
Reconciliation of ECL movement to impairment (charge)/release for the period, Loans and advances at amortised cost | |||||
Total financial assets | 122,849 | 95,242 | |||
Financial assets at amortised cost | Stage 1 | ECL | Loans and advances at amortised cost | |||||
Reconciliation of ECL movement to impairment (charge)/release for the period, Loans and advances at amortised cost | |||||
Total financial assets | (693) | (796) | |||
Financial assets at amortised cost | Stage 1 | ECL | Home loans | |||||
Reconciliation of ECL movement to impairment (charge)/release for the period, Loans and advances at amortised cost | |||||
Total financial assets | (12) | (8) | |||
Financial assets at amortised cost | Stage 1 | ECL | Credit cards, unsecured loans and other retail lending | |||||
Reconciliation of ECL movement to impairment (charge)/release for the period, Loans and advances at amortised cost | |||||
Total financial assets | (393) | (605) | |||
Financial assets at amortised cost | Stage 1 | ECL | Wholesale loans | |||||
Reconciliation of ECL movement to impairment (charge)/release for the period, Loans and advances at amortised cost | |||||
Total financial assets | (288) | (183) | |||
Financial assets at amortised cost | Lifetime expected credit losses | Stage 2 | Loans and advances at amortised cost | |||||
Reconciliation of ECL movement to impairment (charge)/release for the period, Loans and advances at amortised cost | |||||
Total financial assets | 17,460 | 15,378 | |||
Financial assets at amortised cost | Lifetime expected credit losses | Stage 2 | Home loans | |||||
Reconciliation of ECL movement to impairment (charge)/release for the period, Loans and advances at amortised cost | |||||
Total financial assets | 337 | 618 | |||
Financial assets at amortised cost | Lifetime expected credit losses | Stage 2 | Credit cards, unsecured loans and other retail lending | |||||
Reconciliation of ECL movement to impairment (charge)/release for the period, Loans and advances at amortised cost | |||||
Total financial assets | 3,384 | 1,991 | |||
Financial assets at amortised cost | Lifetime expected credit losses | Stage 2 | Wholesale loans | |||||
Reconciliation of ECL movement to impairment (charge)/release for the period, Loans and advances at amortised cost | |||||
Total financial assets | 13,739 | 12,769 | |||
Financial assets at amortised cost | Lifetime expected credit losses | Stage 2 | Gross | Loans and advances at amortised cost | |||||
Reconciliation of ECL movement to impairment (charge)/release for the period, Loans and advances at amortised cost | |||||
Total financial assets | 18,949 | 16,397 | |||
Financial assets at amortised cost | Lifetime expected credit losses | Stage 2 | Gross | Home loans | |||||
Reconciliation of ECL movement to impairment (charge)/release for the period, Loans and advances at amortised cost | |||||
Total financial assets | 362 | 653 | |||
Financial assets at amortised cost | Lifetime expected credit losses | Stage 2 | Gross | Credit cards, unsecured loans and other retail lending | |||||
Reconciliation of ECL movement to impairment (charge)/release for the period, Loans and advances at amortised cost | |||||
Total financial assets | 4,586 | 2,782 | |||
Financial assets at amortised cost | Lifetime expected credit losses | Stage 2 | Gross | Wholesale loans | |||||
Reconciliation of ECL movement to impairment (charge)/release for the period, Loans and advances at amortised cost | |||||
Total financial assets | 14,001 | 12,962 | |||
Financial assets at amortised cost | Lifetime expected credit losses | Stage 2 | ECL | Loans and advances at amortised cost | |||||
Reconciliation of ECL movement to impairment (charge)/release for the period, Loans and advances at amortised cost | |||||
Total financial assets | (1,489) | (1,019) | |||
Financial assets at amortised cost | Lifetime expected credit losses | Stage 2 | ECL | Home loans | |||||
Reconciliation of ECL movement to impairment (charge)/release for the period, Loans and advances at amortised cost | |||||
Total financial assets | (25) | (35) | |||
Financial assets at amortised cost | Lifetime expected credit losses | Stage 2 | ECL | Credit cards, unsecured loans and other retail lending | |||||
Reconciliation of ECL movement to impairment (charge)/release for the period, Loans and advances at amortised cost | |||||
Total financial assets | (1,202) | (791) | |||
Financial assets at amortised cost | Lifetime expected credit losses | Stage 2 | ECL | Wholesale loans | |||||
Reconciliation of ECL movement to impairment (charge)/release for the period, Loans and advances at amortised cost | |||||
Total financial assets | (262) | (193) | |||
Financial assets at amortised cost | Lifetime expected credit losses | Stage 3 | Loans and advances at amortised cost | |||||
Reconciliation of ECL movement to impairment (charge)/release for the period, Loans and advances at amortised cost | |||||
Total financial assets | 1,932 | 1,664 | |||
Financial assets at amortised cost | Lifetime expected credit losses | Stage 3 | Home loans | |||||
Reconciliation of ECL movement to impairment (charge)/release for the period, Loans and advances at amortised cost | |||||
Total financial assets | 622 | 615 | |||
Financial assets at amortised cost | Lifetime expected credit losses | Stage 3 | Credit cards, unsecured loans and other retail lending | |||||
Reconciliation of ECL movement to impairment (charge)/release for the period, Loans and advances at amortised cost | |||||
Total financial assets | 670 | 563 | |||
Financial assets at amortised cost | Lifetime expected credit losses | Stage 3 | Wholesale loans | |||||
Reconciliation of ECL movement to impairment (charge)/release for the period, Loans and advances at amortised cost | |||||
Total financial assets | 640 | 486 | |||
Financial assets at amortised cost | Lifetime expected credit losses | Stage 3 | Gross | Loans and advances at amortised cost | |||||
Reconciliation of ECL movement to impairment (charge)/release for the period, Loans and advances at amortised cost | |||||
Total financial assets | 3,570 | 3,348 | |||
Financial assets at amortised cost | Lifetime expected credit losses | Stage 3 | Gross | Home loans | |||||
Reconciliation of ECL movement to impairment (charge)/release for the period, Loans and advances at amortised cost | |||||
Total financial assets | 978 | 958 | |||
Financial assets at amortised cost | Lifetime expected credit losses | Stage 3 | Gross | Credit cards, unsecured loans and other retail lending | |||||
Reconciliation of ECL movement to impairment (charge)/release for the period, Loans and advances at amortised cost | |||||
Total financial assets | 1,674 | 1,469 | |||
Financial assets at amortised cost | Lifetime expected credit losses | Stage 3 | Gross | Wholesale loans | |||||
Reconciliation of ECL movement to impairment (charge)/release for the period, Loans and advances at amortised cost | |||||
Total financial assets | 918 | 921 | |||
Financial assets at amortised cost | Lifetime expected credit losses | Stage 3 | ECL | Loans and advances at amortised cost | |||||
Reconciliation of ECL movement to impairment (charge)/release for the period, Loans and advances at amortised cost | |||||
Total financial assets | (1,638) | (1,684) | |||
Financial assets at amortised cost | Lifetime expected credit losses | Stage 3 | ECL | Home loans | |||||
Reconciliation of ECL movement to impairment (charge)/release for the period, Loans and advances at amortised cost | |||||
Total financial assets | (356) | (343) | |||
Financial assets at amortised cost | Lifetime expected credit losses | Stage 3 | ECL | Credit cards, unsecured loans and other retail lending | |||||
Reconciliation of ECL movement to impairment (charge)/release for the period, Loans and advances at amortised cost | |||||
Total financial assets | (1,004) | (906) | |||
Financial assets at amortised cost | Lifetime expected credit losses | Stage 3 | ECL | Wholesale loans | |||||
Reconciliation of ECL movement to impairment (charge)/release for the period, Loans and advances at amortised cost | |||||
Total financial assets | (278) | (435) | |||
Transfers from Stage 1 to Stage 2 | Gross | Home loans | |||||
Loans and advances at amortised cost | |||||
Transfers | 0 | 0 | |||
Transfers from Stage 1 to Stage 2 | Gross | Credit cards, unsecured loans and other retail lending | |||||
Loans and advances at amortised cost | |||||
Transfers | 0 | 0 | |||
Transfers from Stage 1 to Stage 2 | Gross | Wholesale loans | |||||
Loans and advances at amortised cost | |||||
Transfers | 0 | 0 | |||
Transfers from Stage 1 to Stage 2 | ECL | Home loans | |||||
Loans and advances at amortised cost | |||||
Transfers | 0 | 0 | |||
Transfers from Stage 1 to Stage 2 | ECL | Credit cards, unsecured loans and other retail lending | |||||
Loans and advances at amortised cost | |||||
Transfers | 0 | 0 | |||
Transfers from Stage 1 to Stage 2 | ECL | Wholesale loans | |||||
Loans and advances at amortised cost | |||||
Transfers | 0 | 0 | |||
Transfers from Stage 1 to Stage 2 | Stage 1 | Gross | Home loans | |||||
Loans and advances at amortised cost | |||||
Transfers | (179) | (253) | |||
Transfers from Stage 1 to Stage 2 | Stage 1 | Gross | Credit cards, unsecured loans and other retail lending | |||||
Loans and advances at amortised cost | |||||
Transfers | (2,009) | (897) | |||
Transfers from Stage 1 to Stage 2 | Stage 1 | Gross | Wholesale loans | |||||
Loans and advances at amortised cost | |||||
Transfers | (3,684) | (4,122) | |||
Transfers from Stage 1 to Stage 2 | Stage 1 | ECL | Home loans | |||||
Loans and advances at amortised cost | |||||
Transfers | 0 | 0 | |||
Transfers from Stage 1 to Stage 2 | Stage 1 | ECL | Credit cards, unsecured loans and other retail lending | |||||
Loans and advances at amortised cost | |||||
Transfers | (40) | (41) | |||
Transfers from Stage 1 to Stage 2 | Stage 1 | ECL | Wholesale loans | |||||
Loans and advances at amortised cost | |||||
Transfers | (7) | (14) | |||
Transfers from Stage 1 to Stage 2 | Lifetime expected credit losses | Stage 2 | Gross | Home loans | |||||
Loans and advances at amortised cost | |||||
Transfers | 179 | 253 | |||
Transfers from Stage 1 to Stage 2 | Lifetime expected credit losses | Stage 2 | Gross | Credit cards, unsecured loans and other retail lending | |||||
Loans and advances at amortised cost | |||||
Transfers | 2,009 | 897 | |||
Transfers from Stage 1 to Stage 2 | Lifetime expected credit losses | Stage 2 | Gross | Wholesale loans | |||||
Loans and advances at amortised cost | |||||
Transfers | 3,684 | 4,122 | |||
Transfers from Stage 1 to Stage 2 | Lifetime expected credit losses | Stage 2 | ECL | Home loans | |||||
Loans and advances at amortised cost | |||||
Transfers | 0 | 0 | |||
Transfers from Stage 1 to Stage 2 | Lifetime expected credit losses | Stage 2 | ECL | Credit cards, unsecured loans and other retail lending | |||||
Loans and advances at amortised cost | |||||
Transfers | 40 | 41 | |||
Transfers from Stage 1 to Stage 2 | Lifetime expected credit losses | Stage 2 | ECL | Wholesale loans | |||||
Loans and advances at amortised cost | |||||
Transfers | 7 | 14 | |||
Transfers from Stage 1 to Stage 2 | Lifetime expected credit losses | Stage 3 | Gross | Home loans | |||||
Loans and advances at amortised cost | |||||
Transfers | 0 | 0 | |||
Transfers from Stage 1 to Stage 2 | Lifetime expected credit losses | Stage 3 | Gross | Credit cards, unsecured loans and other retail lending | |||||
Loans and advances at amortised cost | |||||
Transfers | 0 | 0 | |||
Transfers from Stage 1 to Stage 2 | Lifetime expected credit losses | Stage 3 | Gross | Wholesale loans | |||||
Loans and advances at amortised cost | |||||
Transfers | 0 | 0 | |||
Transfers from Stage 1 to Stage 2 | Lifetime expected credit losses | Stage 3 | ECL | Home loans | |||||
Loans and advances at amortised cost | |||||
Transfers | 0 | 0 | |||
Transfers from Stage 1 to Stage 2 | Lifetime expected credit losses | Stage 3 | ECL | Credit cards, unsecured loans and other retail lending | |||||
Loans and advances at amortised cost | |||||
Transfers | 0 | 0 | |||
Transfers from Stage 1 to Stage 2 | Lifetime expected credit losses | Stage 3 | ECL | Wholesale loans | |||||
Loans and advances at amortised cost | |||||
Transfers | 0 | 0 | |||
Transfers from Stage 2 to Stage 1 | Gross | Home loans | |||||
Loans and advances at amortised cost | |||||
Transfers | 0 | 0 | |||
Transfers from Stage 2 to Stage 1 | Gross | Credit cards, unsecured loans and other retail lending | |||||
Loans and advances at amortised cost | |||||
Transfers | 0 | 0 | |||
Transfers from Stage 2 to Stage 1 | Gross | Wholesale loans | |||||
Loans and advances at amortised cost | |||||
Transfers | 0 | 0 | |||
Transfers from Stage 2 to Stage 1 | ECL | Home loans | |||||
Loans and advances at amortised cost | |||||
Transfers | 0 | 0 | |||
Transfers from Stage 2 to Stage 1 | ECL | Credit cards, unsecured loans and other retail lending | |||||
Loans and advances at amortised cost | |||||
Transfers | 0 | 0 | |||
Transfers from Stage 2 to Stage 1 | ECL | Wholesale loans | |||||
Loans and advances at amortised cost | |||||
Transfers | 0 | 0 | |||
Transfers from Stage 2 to Stage 1 | Stage 1 | Gross | Home loans | |||||
Loans and advances at amortised cost | |||||
Transfers | 393 | 331 | |||
Transfers from Stage 2 to Stage 1 | Stage 1 | Gross | Credit cards, unsecured loans and other retail lending | |||||
Loans and advances at amortised cost | |||||
Transfers | 1,046 | 2,520 | |||
Transfers from Stage 2 to Stage 1 | Stage 1 | Gross | Wholesale loans | |||||
Loans and advances at amortised cost | |||||
Transfers | 4,573 | 5,454 | |||
Transfers from Stage 2 to Stage 1 | Stage 1 | ECL | Home loans | |||||
Loans and advances at amortised cost | |||||
Transfers | 16 | 22 | |||
Transfers from Stage 2 to Stage 1 | Stage 1 | ECL | Credit cards, unsecured loans and other retail lending | |||||
Loans and advances at amortised cost | |||||
Transfers | 218 | 548 | |||
Transfers from Stage 2 to Stage 1 | Stage 1 | ECL | Wholesale loans | |||||
Loans and advances at amortised cost | |||||
Transfers | 44 | 179 | |||
Transfers from Stage 2 to Stage 1 | Lifetime expected credit losses | Stage 2 | Gross | Home loans | |||||
Loans and advances at amortised cost | |||||
Transfers | (393) | (331) | |||
Transfers from Stage 2 to Stage 1 | Lifetime expected credit losses | Stage 2 | Gross | Credit cards, unsecured loans and other retail lending | |||||
Loans and advances at amortised cost | |||||
Transfers | (1,046) | (2,520) | |||
Transfers from Stage 2 to Stage 1 | Lifetime expected credit losses | Stage 2 | Gross | Wholesale loans | |||||
Loans and advances at amortised cost | |||||
Transfers | (4,573) | (5,454) | |||
Transfers from Stage 2 to Stage 1 | Lifetime expected credit losses | Stage 2 | ECL | Home loans | |||||
Loans and advances at amortised cost | |||||
Transfers | (16) | (22) | |||
Transfers from Stage 2 to Stage 1 | Lifetime expected credit losses | Stage 2 | ECL | Credit cards, unsecured loans and other retail lending | |||||
Loans and advances at amortised cost | |||||
Transfers | (218) | (548) | |||
Transfers from Stage 2 to Stage 1 | Lifetime expected credit losses | Stage 2 | ECL | Wholesale loans | |||||
Loans and advances at amortised cost | |||||
Transfers | (44) | (179) | |||
Transfers from Stage 2 to Stage 1 | Lifetime expected credit losses | Stage 3 | Gross | Home loans | |||||
Loans and advances at amortised cost | |||||
Transfers | 0 | 0 | |||
Transfers from Stage 2 to Stage 1 | Lifetime expected credit losses | Stage 3 | Gross | Credit cards, unsecured loans and other retail lending | |||||
Loans and advances at amortised cost | |||||
Transfers | 0 | 0 | |||
Transfers from Stage 2 to Stage 1 | Lifetime expected credit losses | Stage 3 | Gross | Wholesale loans | |||||
Loans and advances at amortised cost | |||||
Transfers | 0 | 0 | |||
Transfers from Stage 2 to Stage 1 | Lifetime expected credit losses | Stage 3 | ECL | Home loans | |||||
Loans and advances at amortised cost | |||||
Transfers | 0 | 0 | |||
Transfers from Stage 2 to Stage 1 | Lifetime expected credit losses | Stage 3 | ECL | Credit cards, unsecured loans and other retail lending | |||||
Loans and advances at amortised cost | |||||
Transfers | 0 | 0 | |||
Transfers from Stage 2 to Stage 1 | Lifetime expected credit losses | Stage 3 | ECL | Wholesale loans | |||||
Loans and advances at amortised cost | |||||
Transfers | 0 | 0 | |||
Transfers to Stage 3 | Gross | Home loans | |||||
Loans and advances at amortised cost | |||||
Transfers | 0 | 0 | |||
Transfers to Stage 3 | Gross | Credit cards, unsecured loans and other retail lending | |||||
Loans and advances at amortised cost | |||||
Transfers | 0 | 0 | |||
Transfers to Stage 3 | Gross | Wholesale loans | |||||
Loans and advances at amortised cost | |||||
Transfers | 0 | 0 | |||
Transfers to Stage 3 | ECL | Home loans | |||||
Loans and advances at amortised cost | |||||
Transfers | 0 | 0 | |||
Transfers to Stage 3 | ECL | Credit cards, unsecured loans and other retail lending | |||||
Loans and advances at amortised cost | |||||
Transfers | 0 | 0 | |||
Transfers to Stage 3 | ECL | Wholesale loans | |||||
Loans and advances at amortised cost | |||||
Transfers | 0 | 0 | |||
Transfers to Stage 3 | Stage 1 | Gross | Home loans | |||||
Loans and advances at amortised cost | |||||
Transfers | (192) | (80) | |||
Transfers to Stage 3 | Stage 1 | Gross | Credit cards, unsecured loans and other retail lending | |||||
Loans and advances at amortised cost | |||||
Transfers | (456) | (307) | |||
Transfers to Stage 3 | Stage 1 | Gross | Wholesale loans | |||||
Loans and advances at amortised cost | |||||
Transfers | (254) | (32) | |||
Transfers to Stage 3 | Stage 1 | ECL | Home loans | |||||
Loans and advances at amortised cost | |||||
Transfers | 0 | 0 | |||
Transfers to Stage 3 | Stage 1 | ECL | Credit cards, unsecured loans and other retail lending | |||||
Loans and advances at amortised cost | |||||
Transfers | (14) | (13) | |||
Transfers to Stage 3 | Stage 1 | ECL | Wholesale loans | |||||
Loans and advances at amortised cost | |||||
Transfers | (1) | (1) | |||
Transfers to Stage 3 | Lifetime expected credit losses | Stage 2 | Gross | Home loans | |||||
Loans and advances at amortised cost | |||||
Transfers | (39) | (52) | |||
Transfers to Stage 3 | Lifetime expected credit losses | Stage 2 | Gross | Credit cards, unsecured loans and other retail lending | |||||
Loans and advances at amortised cost | |||||
Transfers | (404) | (362) | |||
Transfers to Stage 3 | Lifetime expected credit losses | Stage 2 | Gross | Wholesale loans | |||||
Loans and advances at amortised cost | |||||
Transfers | (207) | (164) | |||
Transfers to Stage 3 | Lifetime expected credit losses | Stage 2 | ECL | Home loans | |||||
Loans and advances at amortised cost | |||||
Transfers | (4) | (5) | |||
Transfers to Stage 3 | Lifetime expected credit losses | Stage 2 | ECL | Credit cards, unsecured loans and other retail lending | |||||
Loans and advances at amortised cost | |||||
Transfers | (166) | (165) | |||
Transfers to Stage 3 | Lifetime expected credit losses | Stage 2 | ECL | Wholesale loans | |||||
Loans and advances at amortised cost | |||||
Transfers | (5) | (12) | |||
Transfers to Stage 3 | Lifetime expected credit losses | Stage 3 | Gross | Home loans | |||||
Loans and advances at amortised cost | |||||
Transfers | 231 | 132 | |||
Transfers to Stage 3 | Lifetime expected credit losses | Stage 3 | Gross | Credit cards, unsecured loans and other retail lending | |||||
Loans and advances at amortised cost | |||||
Transfers | 860 | 669 | |||
Transfers to Stage 3 | Lifetime expected credit losses | Stage 3 | Gross | Wholesale loans | |||||
Loans and advances at amortised cost | |||||
Transfers | 461 | 196 | |||
Transfers to Stage 3 | Lifetime expected credit losses | Stage 3 | ECL | Home loans | |||||
Loans and advances at amortised cost | |||||
Transfers | 4 | 5 | |||
Transfers to Stage 3 | Lifetime expected credit losses | Stage 3 | ECL | Credit cards, unsecured loans and other retail lending | |||||
Loans and advances at amortised cost | |||||
Transfers | 180 | 178 | |||
Transfers to Stage 3 | Lifetime expected credit losses | Stage 3 | ECL | Wholesale loans | |||||
Loans and advances at amortised cost | |||||
Transfers | 6 | 13 | |||
Transfers from Stage 3 | Gross | Home loans | |||||
Loans and advances at amortised cost | |||||
Transfers | 0 | 0 | |||
Transfers from Stage 3 | Gross | Credit cards, unsecured loans and other retail lending | |||||
Loans and advances at amortised cost | |||||
Transfers | 0 | 0 | |||
Transfers from Stage 3 | Gross | Wholesale loans | |||||
Loans and advances at amortised cost | |||||
Transfers | 0 | 0 | |||
Transfers from Stage 3 | ECL | Home loans | |||||
Loans and advances at amortised cost | |||||
Transfers | 0 | 0 | |||
Transfers from Stage 3 | ECL | Credit cards, unsecured loans and other retail lending | |||||
Loans and advances at amortised cost | |||||
Transfers | 0 | 0 | |||
Transfers from Stage 3 | ECL | Wholesale loans | |||||
Loans and advances at amortised cost | |||||
Transfers | 0 | 0 | |||
Transfers from Stage 3 | Stage 1 | Gross | Home loans | |||||
Loans and advances at amortised cost | |||||
Transfers | 18 | 22 | |||
Transfers from Stage 3 | Stage 1 | Gross | Credit cards, unsecured loans and other retail lending | |||||
Loans and advances at amortised cost | |||||
Transfers | 51 | 21 | |||
Transfers from Stage 3 | Stage 1 | Gross | Wholesale loans | |||||
Loans and advances at amortised cost | |||||
Transfers | 55 | 363 | |||
Transfers from Stage 3 | Stage 1 | ECL | Home loans | |||||
Loans and advances at amortised cost | |||||
Transfers | 1 | 0 | |||
Transfers from Stage 3 | Stage 1 | ECL | Credit cards, unsecured loans and other retail lending | |||||
Loans and advances at amortised cost | |||||
Transfers | 11 | 5 | |||
Transfers from Stage 3 | Stage 1 | ECL | Wholesale loans | |||||
Loans and advances at amortised cost | |||||
Transfers | 6 | 3 | |||
Transfers from Stage 3 | Lifetime expected credit losses | Stage 2 | Gross | Home loans | |||||
Loans and advances at amortised cost | |||||
Transfers | 33 | 49 | |||
Transfers from Stage 3 | Lifetime expected credit losses | Stage 2 | Gross | Credit cards, unsecured loans and other retail lending | |||||
Loans and advances at amortised cost | |||||
Transfers | 8 | 13 | |||
Transfers from Stage 3 | Lifetime expected credit losses | Stage 2 | Gross | Wholesale loans | |||||
Loans and advances at amortised cost | |||||
Transfers | 29 | 145 | |||
Transfers from Stage 3 | Lifetime expected credit losses | Stage 2 | ECL | Home loans | |||||
Loans and advances at amortised cost | |||||
Transfers | 3 | 4 | |||
Transfers from Stage 3 | Lifetime expected credit losses | Stage 2 | ECL | Credit cards, unsecured loans and other retail lending | |||||
Loans and advances at amortised cost | |||||
Transfers | 5 | 9 | |||
Transfers from Stage 3 | Lifetime expected credit losses | Stage 2 | ECL | Wholesale loans | |||||
Loans and advances at amortised cost | |||||
Transfers | 1 | 5 | |||
Transfers from Stage 3 | Lifetime expected credit losses | Stage 3 | Gross | Home loans | |||||
Loans and advances at amortised cost | |||||
Transfers | (51) | (71) | |||
Transfers from Stage 3 | Lifetime expected credit losses | Stage 3 | Gross | Credit cards, unsecured loans and other retail lending | |||||
Loans and advances at amortised cost | |||||
Transfers | (59) | (34) | |||
Transfers from Stage 3 | Lifetime expected credit losses | Stage 3 | Gross | Wholesale loans | |||||
Loans and advances at amortised cost | |||||
Transfers | (84) | (508) | |||
Transfers from Stage 3 | Lifetime expected credit losses | Stage 3 | ECL | Home loans | |||||
Loans and advances at amortised cost | |||||
Transfers | (4) | (4) | |||
Transfers from Stage 3 | Lifetime expected credit losses | Stage 3 | ECL | Credit cards, unsecured loans and other retail lending | |||||
Loans and advances at amortised cost | |||||
Transfers | (16) | (14) | |||
Transfers from Stage 3 | Lifetime expected credit losses | Stage 3 | ECL | Wholesale loans | |||||
Loans and advances at amortised cost | |||||
Transfers | £ (7) | £ (8) |
Other disclosures - Risk Mana_6
Other disclosures - Risk Management and Principal Risks - Gross exposure and impairment allowance for loan commitment and financial guarantees (audited) (Details) - Off-balance sheet loan commitments and financial guarantee contracts - GBP (£) £ in Millions | 12 Months Ended | |
Dec. 31, 2022 | Dec. 31, 2021 | |
Gross | ||
Loan commitments and financial guarantee contracts | ||
Net transfers between stages | £ 0 | £ 0 |
Gross | Home loans | ||
Loan commitments and financial guarantee contracts | ||
Opening/Beginning balance | 54 | 131 |
Net transfers between stages | 0 | 0 |
Business activity in the year | 26 | 19 |
Net drawdowns, repayments, net re-measurement and movement due to exposure and risk parameter changes | 4 | (4) |
Limit management and final repayments | 17 | 92 |
Closing/Ending balance | 67 | 54 |
Gross | Credit cards, unsecured loans and other retail lending | ||
Loan commitments and financial guarantee contracts | ||
Opening/Beginning balance | 81,901 | 74,485 |
Net transfers between stages | 0 | 0 |
Business activity in the year | 36,775 | 11,040 |
Net drawdowns, repayments, net re-measurement and movement due to exposure and risk parameter changes | 9,024 | 3,860 |
Limit management and final repayments | 7,283 | 7,484 |
Closing/Ending balance | 120,417 | 81,901 |
Gross | Wholesale loans | ||
Loan commitments and financial guarantee contracts | ||
Opening/Beginning balance | 207,440 | 201,861 |
Business activity in the year | 47,924 | 50,062 |
Net drawdowns, repayments, net re-measurement and movement due to exposure and risk parameter changes | 34,049 | 11,092 |
Limit management and final repayments | 64,014 | 55,575 |
Closing/Ending balance | 225,399 | 207,440 |
ECL | ||
Loan commitments and financial guarantee contracts | ||
Net transfers between stages | 0 | 0 |
ECL | Home loans | ||
Loan commitments and financial guarantee contracts | ||
Opening/Beginning balance | 0 | 0 |
Net transfers between stages | 0 | 0 |
Business activity in the year | 0 | 0 |
Net drawdowns, repayments, net re-measurement and movement due to exposure and risk parameter changes | 0 | 0 |
Limit management and final repayments | 0 | 0 |
Closing/Ending balance | 0 | 0 |
ECL | Credit cards, unsecured loans and other retail lending | ||
Loan commitments and financial guarantee contracts | ||
Opening/Beginning balance | 89 | 90 |
Net transfers between stages | 0 | 0 |
Business activity in the year | 51 | 0 |
Net drawdowns, repayments, net re-measurement and movement due to exposure and risk parameter changes | 6 | (1) |
Limit management and final repayments | (26) | 0 |
Closing/Ending balance | 120 | 89 |
ECL | Wholesale loans | ||
Loan commitments and financial guarantee contracts | ||
Opening/Beginning balance | 410 | 679 |
Business activity in the year | 82 | 116 |
Net drawdowns, repayments, net re-measurement and movement due to exposure and risk parameter changes | 17 | (233) |
Limit management and final repayments | (97) | (152) |
Closing/Ending balance | 412 | 410 |
Stage 1 | Gross | Home loans | ||
Loan commitments and financial guarantee contracts | ||
Opening/Beginning balance | 53 | 125 |
Net transfers between stages | (5) | 0 |
Business activity in the year | 26 | 19 |
Net drawdowns, repayments, net re-measurement and movement due to exposure and risk parameter changes | 4 | (4) |
Limit management and final repayments | 17 | 87 |
Closing/Ending balance | 61 | 53 |
Stage 1 | Gross | Credit cards, unsecured loans and other retail lending | ||
Loan commitments and financial guarantee contracts | ||
Opening/Beginning balance | 78,655 | 68,211 |
Net transfers between stages | (1,457) | 2,992 |
Business activity in the year | 36,388 | 10,628 |
Net drawdowns, repayments, net re-measurement and movement due to exposure and risk parameter changes | 10,749 | 3,712 |
Limit management and final repayments | 6,877 | 6,888 |
Closing/Ending balance | 117,458 | 78,655 |
Stage 1 | Gross | Wholesale loans | ||
Loan commitments and financial guarantee contracts | ||
Opening/Beginning balance | 178,006 | 160,404 |
Net transfers between stages | 6,139 | 7,801 |
Business activity in the year | 43,676 | 45,395 |
Net drawdowns, repayments, net re-measurement and movement due to exposure and risk parameter changes | 27,913 | 10,551 |
Limit management and final repayments | 54,184 | 46,145 |
Closing/Ending balance | 201,550 | 178,006 |
Stage 1 | ECL | Home loans | ||
Loan commitments and financial guarantee contracts | ||
Opening/Beginning balance | 0 | 0 |
Net transfers between stages | 0 | 0 |
Business activity in the year | 0 | 0 |
Net drawdowns, repayments, net re-measurement and movement due to exposure and risk parameter changes | 0 | 0 |
Limit management and final repayments | 0 | 0 |
Closing/Ending balance | 0 | 0 |
Stage 1 | ECL | Credit cards, unsecured loans and other retail lending | ||
Loan commitments and financial guarantee contracts | ||
Opening/Beginning balance | 36 | 34 |
Net transfers between stages | 30 | (4) |
Business activity in the year | 24 | 0 |
Net drawdowns, repayments, net re-measurement and movement due to exposure and risk parameter changes | (37) | 6 |
Limit management and final repayments | (6) | 0 |
Closing/Ending balance | 47 | 36 |
Stage 1 | ECL | Wholesale loans | ||
Loan commitments and financial guarantee contracts | ||
Opening/Beginning balance | 167 | 205 |
Net transfers between stages | 60 | 220 |
Business activity in the year | 28 | 14 |
Net drawdowns, repayments, net re-measurement and movement due to exposure and risk parameter changes | (39) | (232) |
Limit management and final repayments | (29) | (40) |
Closing/Ending balance | 187 | 167 |
Lifetime expected credit losses | Stage 2 | Gross | Home loans | ||
Loan commitments and financial guarantee contracts | ||
Opening/Beginning balance | 0 | 2 |
Net transfers between stages | 1 | 0 |
Business activity in the year | 0 | 0 |
Net drawdowns, repayments, net re-measurement and movement due to exposure and risk parameter changes | 0 | 0 |
Limit management and final repayments | 0 | 2 |
Closing/Ending balance | 1 | 0 |
Lifetime expected credit losses | Stage 2 | Gross | Credit cards, unsecured loans and other retail lending | ||
Loan commitments and financial guarantee contracts | ||
Opening/Beginning balance | 3,214 | 6,244 |
Net transfers between stages | 1,328 | (3,431) |
Business activity in the year | 375 | 410 |
Net drawdowns, repayments, net re-measurement and movement due to exposure and risk parameter changes | (1,653) | 585 |
Limit management and final repayments | 400 | 594 |
Closing/Ending balance | 2,864 | 3,214 |
Lifetime expected credit losses | Stage 2 | Gross | Wholesale loans | ||
Loan commitments and financial guarantee contracts | ||
Opening/Beginning balance | 28,417 | 39,426 |
Net transfers between stages | (6,073) | (6,730) |
Business activity in the year | 4,233 | 4,658 |
Net drawdowns, repayments, net re-measurement and movement due to exposure and risk parameter changes | 5,993 | 2 |
Limit management and final repayments | 9,509 | 8,939 |
Closing/Ending balance | 23,061 | 28,417 |
Lifetime expected credit losses | Stage 2 | ECL | Home loans | ||
Loan commitments and financial guarantee contracts | ||
Opening/Beginning balance | 0 | 0 |
Net transfers between stages | 0 | 0 |
Business activity in the year | 0 | 0 |
Net drawdowns, repayments, net re-measurement and movement due to exposure and risk parameter changes | 0 | 0 |
Limit management and final repayments | 0 | 0 |
Closing/Ending balance | 0 | 0 |
Lifetime expected credit losses | Stage 2 | ECL | Credit cards, unsecured loans and other retail lending | ||
Loan commitments and financial guarantee contracts | ||
Opening/Beginning balance | 33 | 33 |
Net transfers between stages | (24) | (2) |
Business activity in the year | 25 | 0 |
Net drawdowns, repayments, net re-measurement and movement due to exposure and risk parameter changes | 36 | 2 |
Limit management and final repayments | (18) | 0 |
Closing/Ending balance | 52 | 33 |
Lifetime expected credit losses | Stage 2 | ECL | Wholesale loans | ||
Loan commitments and financial guarantee contracts | ||
Opening/Beginning balance | 241 | 446 |
Net transfers between stages | (64) | (214) |
Business activity in the year | 54 | 102 |
Net drawdowns, repayments, net re-measurement and movement due to exposure and risk parameter changes | 58 | 12 |
Limit management and final repayments | (66) | (105) |
Closing/Ending balance | 223 | 241 |
Lifetime expected credit losses | Stage 3 | Gross | Home loans | ||
Loan commitments and financial guarantee contracts | ||
Opening/Beginning balance | 1 | 4 |
Net transfers between stages | 4 | 0 |
Business activity in the year | 0 | 0 |
Net drawdowns, repayments, net re-measurement and movement due to exposure and risk parameter changes | 0 | 0 |
Limit management and final repayments | 0 | 3 |
Closing/Ending balance | 5 | 1 |
Lifetime expected credit losses | Stage 3 | Gross | Credit cards, unsecured loans and other retail lending | ||
Loan commitments and financial guarantee contracts | ||
Opening/Beginning balance | 32 | 30 |
Net transfers between stages | 129 | 439 |
Business activity in the year | 12 | 2 |
Net drawdowns, repayments, net re-measurement and movement due to exposure and risk parameter changes | (72) | (437) |
Limit management and final repayments | 6 | 2 |
Closing/Ending balance | 95 | 32 |
Lifetime expected credit losses | Stage 3 | Gross | Wholesale loans | ||
Loan commitments and financial guarantee contracts | ||
Opening/Beginning balance | 1,017 | 2,031 |
Net transfers between stages | (66) | (1,071) |
Business activity in the year | 15 | 9 |
Net drawdowns, repayments, net re-measurement and movement due to exposure and risk parameter changes | 143 | 539 |
Limit management and final repayments | 321 | 491 |
Closing/Ending balance | 788 | 1,017 |
Lifetime expected credit losses | Stage 3 | ECL | Home loans | ||
Loan commitments and financial guarantee contracts | ||
Opening/Beginning balance | 0 | 0 |
Net transfers between stages | 0 | 0 |
Business activity in the year | 0 | 0 |
Net drawdowns, repayments, net re-measurement and movement due to exposure and risk parameter changes | 0 | 0 |
Limit management and final repayments | 0 | 0 |
Closing/Ending balance | 0 | 0 |
Lifetime expected credit losses | Stage 3 | ECL | Credit cards, unsecured loans and other retail lending | ||
Loan commitments and financial guarantee contracts | ||
Opening/Beginning balance | 20 | 23 |
Net transfers between stages | (6) | 6 |
Business activity in the year | 2 | 0 |
Net drawdowns, repayments, net re-measurement and movement due to exposure and risk parameter changes | 7 | (9) |
Limit management and final repayments | (2) | 0 |
Closing/Ending balance | 21 | 20 |
Lifetime expected credit losses | Stage 3 | ECL | Wholesale loans | ||
Loan commitments and financial guarantee contracts | ||
Opening/Beginning balance | 2 | 28 |
Net transfers between stages | 4 | (6) |
Business activity in the year | 0 | 0 |
Net drawdowns, repayments, net re-measurement and movement due to exposure and risk parameter changes | (2) | (13) |
Limit management and final repayments | (2) | (7) |
Closing/Ending balance | £ 2 | £ 2 |
Other disclosures - Risk Mana_7
Other disclosures - Risk Management and Principal Risks - Management adjustments to models for impairment and Economic Uncertainty Adjustments (audited) (Details) - GBP (£) £ in Millions | Dec. 31, 2022 | Dec. 31, 2021 |
Loans and advances at amortised cost | ||
Disclosure of nature and extent of risks arising from financial instruments [line items] | ||
Impairment allowance pre management adjustments | £ 4,374 | £ 2,856 |
Management adjustments to allowance account for credit losses of financial assets, including forbearance | (22) | 1,142 |
Impairment allowance | £ 4,352 | £ 3,998 |
Proportion of Management adjustments to total impairment allowance | (0.50%) | 28.60% |
Loans and advances at amortised cost | Economic uncertainty adjustments | ||
Disclosure of nature and extent of risks arising from financial instruments [line items] | ||
Management adjustments to allowance account for credit losses of financial assets, including forbearance | £ 97 | £ 1,049 |
Loans and advances at amortised cost | Economic uncertainty adjustments | Stage 1 | ||
Disclosure of nature and extent of risks arising from financial instruments [line items] | ||
Management adjustments to allowance account for credit losses of financial assets, including forbearance | 97 | 545 |
Loans and advances at amortised cost | Economic uncertainty adjustments | Lifetime expected credit losses | Stage 2 | ||
Disclosure of nature and extent of risks arising from financial instruments [line items] | ||
Management adjustments to allowance account for credit losses of financial assets, including forbearance | 0 | 485 |
Loans and advances at amortised cost | Economic uncertainty adjustments | Lifetime expected credit losses | Stage 3 | ||
Disclosure of nature and extent of risks arising from financial instruments [line items] | ||
Management adjustments to allowance account for credit losses of financial assets, including forbearance | 0 | 19 |
Loans and advances at amortised cost | Other adjustments | ||
Disclosure of nature and extent of risks arising from financial instruments [line items] | ||
Management adjustments to allowance account for credit losses of financial assets, including forbearance | (119) | 93 |
Loans and advances at amortised cost | Total weighted model ECL | ||
Disclosure of nature and extent of risks arising from financial instruments [line items] | ||
Impairment allowance pre management adjustments | 3,700 | 2,300 |
Loans and advances at amortised cost | ECL from individually assessed impairments | ||
Disclosure of nature and extent of risks arising from financial instruments [line items] | ||
Impairment allowance pre management adjustments | 300 | 500 |
Loans and advances at amortised cost | ECL from non-modelled exposures | ||
Disclosure of nature and extent of risks arising from financial instruments [line items] | ||
Impairment allowance pre management adjustments | 400 | 100 |
Home loans | ||
Disclosure of nature and extent of risks arising from financial instruments [line items] | ||
Impairment allowance pre management adjustments | 393 | 352 |
Management adjustments to allowance account for credit losses of financial assets, including forbearance | 0 | 34 |
Impairment allowance | £ 393 | £ 386 |
Proportion of Management adjustments to total impairment allowance | 0% | 8.80% |
Home loans | Economic uncertainty adjustments | ||
Disclosure of nature and extent of risks arising from financial instruments [line items] | ||
Management adjustments to allowance account for credit losses of financial assets, including forbearance | £ 0 | £ 34 |
Home loans | Economic uncertainty adjustments | Stage 1 | ||
Disclosure of nature and extent of risks arising from financial instruments [line items] | ||
Management adjustments to allowance account for credit losses of financial assets, including forbearance | 0 | 0 |
Home loans | Economic uncertainty adjustments | Lifetime expected credit losses | Stage 2 | ||
Disclosure of nature and extent of risks arising from financial instruments [line items] | ||
Management adjustments to allowance account for credit losses of financial assets, including forbearance | 0 | 23 |
Home loans | Economic uncertainty adjustments | Lifetime expected credit losses | Stage 3 | ||
Disclosure of nature and extent of risks arising from financial instruments [line items] | ||
Management adjustments to allowance account for credit losses of financial assets, including forbearance | 0 | 11 |
Home loans | Other adjustments | ||
Disclosure of nature and extent of risks arising from financial instruments [line items] | ||
Management adjustments to allowance account for credit losses of financial assets, including forbearance | 0 | 0 |
Credit cards, unsecured loans and other retail lending | ||
Disclosure of nature and extent of risks arising from financial instruments [line items] | ||
Impairment allowance pre management adjustments | 2,627 | 1,425 |
Management adjustments to allowance account for credit losses of financial assets, including forbearance | 92 | 966 |
Impairment allowance | £ 2,719 | £ 2,391 |
Proportion of Management adjustments to total impairment allowance | 3.40% | 40.40% |
Credit cards, unsecured loans and other retail lending | Economic uncertainty adjustments | ||
Disclosure of nature and extent of risks arising from financial instruments [line items] | ||
Management adjustments to allowance account for credit losses of financial assets, including forbearance | £ 2 | £ 771 |
Credit cards, unsecured loans and other retail lending | Economic uncertainty adjustments | Stage 1 | ||
Disclosure of nature and extent of risks arising from financial instruments [line items] | ||
Management adjustments to allowance account for credit losses of financial assets, including forbearance | 0 | 369 |
Credit cards, unsecured loans and other retail lending | Economic uncertainty adjustments | Lifetime expected credit losses | Stage 2 | ||
Disclosure of nature and extent of risks arising from financial instruments [line items] | ||
Management adjustments to allowance account for credit losses of financial assets, including forbearance | 2 | 394 |
Credit cards, unsecured loans and other retail lending | Economic uncertainty adjustments | Lifetime expected credit losses | Stage 3 | ||
Disclosure of nature and extent of risks arising from financial instruments [line items] | ||
Management adjustments to allowance account for credit losses of financial assets, including forbearance | 0 | 8 |
Credit cards, unsecured loans and other retail lending | Other adjustments | ||
Disclosure of nature and extent of risks arising from financial instruments [line items] | ||
Management adjustments to allowance account for credit losses of financial assets, including forbearance | 90 | 195 |
Wholesale loans | ||
Disclosure of nature and extent of risks arising from financial instruments [line items] | ||
Impairment allowance pre management adjustments | 1,354 | 1,079 |
Management adjustments to allowance account for credit losses of financial assets, including forbearance | (114) | 142 |
Impairment allowance | £ 1,240 | £ 1,221 |
Proportion of Management adjustments to total impairment allowance | (9.20%) | 11.60% |
Wholesale loans | Economic uncertainty adjustments | ||
Disclosure of nature and extent of risks arising from financial instruments [line items] | ||
Management adjustments to allowance account for credit losses of financial assets, including forbearance | £ 95 | £ 244 |
Wholesale loans | Economic uncertainty adjustments | Stage 1 | ||
Disclosure of nature and extent of risks arising from financial instruments [line items] | ||
Management adjustments to allowance account for credit losses of financial assets, including forbearance | 97 | 176 |
Wholesale loans | Economic uncertainty adjustments | Lifetime expected credit losses | Stage 2 | ||
Disclosure of nature and extent of risks arising from financial instruments [line items] | ||
Management adjustments to allowance account for credit losses of financial assets, including forbearance | (2) | 68 |
Wholesale loans | Economic uncertainty adjustments | Lifetime expected credit losses | Stage 3 | ||
Disclosure of nature and extent of risks arising from financial instruments [line items] | ||
Management adjustments to allowance account for credit losses of financial assets, including forbearance | 0 | 0 |
Wholesale loans | Other adjustments | ||
Disclosure of nature and extent of risks arising from financial instruments [line items] | ||
Management adjustments to allowance account for credit losses of financial assets, including forbearance | £ (209) | £ (102) |
Other disclosures - Risk Mana_8
Other disclosures - Risk Management and Principal Risks - Economic uncertainty adjustments and Other adjustments, narrative (Details) - GBP (£) £ in Millions | 12 Months Ended | |
Dec. 31, 2022 | Dec. 31, 2021 | |
Loans and advances at amortised cost | ||
Disclosure of financial assets [line items] | ||
Management adjustments to models for impairment allowance | £ (22) | £ 1,142 |
Decrease in impairment allowance | 1,386 | (334) |
Credit cards, unsecured loans and other retail lending | ||
Disclosure of financial assets [line items] | ||
Management adjustments to models for impairment allowance | 92 | 966 |
Decrease in impairment allowance | 1,017 | 171 |
Wholesale loans | ||
Disclosure of financial assets [line items] | ||
Management adjustments to models for impairment allowance | (114) | 142 |
Decrease in impairment allowance | 339 | (475) |
Economic uncertainty adjustments | Loans and advances at amortised cost | ||
Disclosure of financial assets [line items] | ||
Management adjustments to models for impairment allowance | 97 | 1,049 |
Economic uncertainty adjustments | Credit cards, unsecured loans and other retail lending | ||
Disclosure of financial assets [line items] | ||
Management adjustments to models for impairment allowance | 2 | 771 |
Economic uncertainty adjustments | Wholesale loans | ||
Disclosure of financial assets [line items] | ||
Management adjustments to models for impairment allowance | 95 | 244 |
Economic uncertainty adjustments | Model uncertainty risk | Loans and advances at amortised cost | ||
Disclosure of financial assets [line items] | ||
Management adjustments to models for impairment allowance | (96) | 143 |
Economic uncertainty adjustments | Model uncertainty risk | Wholesale loans | ||
Disclosure of financial assets [line items] | ||
Management adjustments to models for impairment allowance | (96) | 96 |
Economic uncertainty adjustments | Customers | Loans and advances at amortised cost | ||
Disclosure of financial assets [line items] | ||
Management adjustments to models for impairment allowance | 193 | 906 |
Economic uncertainty adjustments | Customers | Credit cards, unsecured loans and other retail lending | ||
Disclosure of financial assets [line items] | ||
Management adjustments to models for impairment allowance | 2 | 758 |
Decrease in impairment allowance | (756) | |
Economic uncertainty adjustments | Customers | Wholesale loans | ||
Disclosure of financial assets [line items] | ||
Management adjustments to models for impairment allowance | 191 | 148 |
Other adjustments | Loans and advances at amortised cost | ||
Disclosure of financial assets [line items] | ||
Management adjustments to models for impairment allowance | (119) | 93 |
Other adjustments | Credit cards, unsecured loans and other retail lending | ||
Disclosure of financial assets [line items] | ||
Management adjustments to models for impairment allowance | 90 | 195 |
Other adjustments | Wholesale loans | ||
Disclosure of financial assets [line items] | ||
Management adjustments to models for impairment allowance | £ (209) | £ (102) |
Other disclosures - Risk Mana_9
Other disclosures - Risk Management and Principal Risks - Macroeconomic variables and Scenario probability weighting (audited) (Details) | Dec. 31, 2022 | Dec. 31, 2021 |
Baseline | ||
Disclosure of nature and extent of risks arising from financial instruments [line items] | ||
Scenario probability weighting | 39.40% | 30.10% |
Baseline | UK | GDP | Not more than one year | ||
Disclosure of nature and extent of risks arising from financial instruments [line items] | ||
Scenario probability weighting | 3.30% | 6.20% |
Baseline | UK | GDP | Over one year but not more than two years | ||
Disclosure of nature and extent of risks arising from financial instruments [line items] | ||
Scenario probability weighting | (0.80%) | 4.90% |
Baseline | UK | GDP | Two to three years | ||
Disclosure of nature and extent of risks arising from financial instruments [line items] | ||
Scenario probability weighting | 0.90% | 2.30% |
Baseline | UK | GDP | Three to four years | ||
Disclosure of nature and extent of risks arising from financial instruments [line items] | ||
Scenario probability weighting | 1.80% | 1.90% |
Baseline | UK | GDP | Four to five years | ||
Disclosure of nature and extent of risks arising from financial instruments [line items] | ||
Scenario probability weighting | 1.90% | 1.70% |
Baseline | UK | GDP | Specific bases | ||
Disclosure of nature and extent of risks arising from financial instruments [line items] | ||
Scenario probability weighting | 1.40% | 3.40% |
Baseline | UK | GDP | 5-year averages | ||
Disclosure of nature and extent of risks arising from financial instruments [line items] | ||
Scenario probability weighting | 1.40% | 3.40% |
Baseline | UK | Unemployment | Not more than one year | ||
Disclosure of nature and extent of risks arising from financial instruments [line items] | ||
Scenario probability weighting | 3.70% | 4.80% |
Baseline | UK | Unemployment | Over one year but not more than two years | ||
Disclosure of nature and extent of risks arising from financial instruments [line items] | ||
Scenario probability weighting | 4.50% | 4.70% |
Baseline | UK | Unemployment | Two to three years | ||
Disclosure of nature and extent of risks arising from financial instruments [line items] | ||
Scenario probability weighting | 4.40% | 4.50% |
Baseline | UK | Unemployment | Three to four years | ||
Disclosure of nature and extent of risks arising from financial instruments [line items] | ||
Scenario probability weighting | 4.10% | 4.30% |
Baseline | UK | Unemployment | Four to five years | ||
Disclosure of nature and extent of risks arising from financial instruments [line items] | ||
Scenario probability weighting | 4.20% | 4.20% |
Baseline | UK | Unemployment | Specific bases | ||
Disclosure of nature and extent of risks arising from financial instruments [line items] | ||
Scenario probability weighting | 4.20% | 4.50% |
Baseline | UK | Unemployment | 5-year averages | ||
Disclosure of nature and extent of risks arising from financial instruments [line items] | ||
Scenario probability weighting | 4.20% | 4.50% |
Baseline | UK | HPI | Not more than one year | ||
Disclosure of nature and extent of risks arising from financial instruments [line items] | ||
Scenario probability weighting | 8.40% | 4.70% |
Baseline | UK | HPI | Over one year but not more than two years | ||
Disclosure of nature and extent of risks arising from financial instruments [line items] | ||
Scenario probability weighting | (4.70%) | 1% |
Baseline | UK | HPI | Two to three years | ||
Disclosure of nature and extent of risks arising from financial instruments [line items] | ||
Scenario probability weighting | (1.70%) | 1.90% |
Baseline | UK | HPI | Three to four years | ||
Disclosure of nature and extent of risks arising from financial instruments [line items] | ||
Scenario probability weighting | 2.20% | 1.90% |
Baseline | UK | HPI | Four to five years | ||
Disclosure of nature and extent of risks arising from financial instruments [line items] | ||
Scenario probability weighting | 2.20% | 2.30% |
Baseline | UK | HPI | Specific bases | ||
Disclosure of nature and extent of risks arising from financial instruments [line items] | ||
Scenario probability weighting | 1.20% | 2.40% |
Baseline | UK | HPI | 5-year averages | ||
Disclosure of nature and extent of risks arising from financial instruments [line items] | ||
Scenario probability weighting | 1.20% | 2.40% |
Baseline | UK | UK bank rate | Not more than one year | ||
Disclosure of nature and extent of risks arising from financial instruments [line items] | ||
Scenario probability weighting | 1.80% | 0.10% |
Baseline | UK | UK bank rate | Over one year but not more than two years | ||
Disclosure of nature and extent of risks arising from financial instruments [line items] | ||
Scenario probability weighting | 4.40% | 0.80% |
Baseline | UK | UK bank rate | Two to three years | ||
Disclosure of nature and extent of risks arising from financial instruments [line items] | ||
Scenario probability weighting | 4.10% | 1% |
Baseline | UK | UK bank rate | Three to four years | ||
Disclosure of nature and extent of risks arising from financial instruments [line items] | ||
Scenario probability weighting | 3.80% | 1% |
Baseline | UK | UK bank rate | Four to five years | ||
Disclosure of nature and extent of risks arising from financial instruments [line items] | ||
Scenario probability weighting | 3.40% | 0.80% |
Baseline | UK | UK bank rate | Specific bases | ||
Disclosure of nature and extent of risks arising from financial instruments [line items] | ||
Scenario probability weighting | 3.50% | 0.70% |
Baseline | UK | UK bank rate | 5-year averages | ||
Disclosure of nature and extent of risks arising from financial instruments [line items] | ||
Scenario probability weighting | 3.50% | 0.70% |
Baseline | US | GDP | Not more than one year | ||
Disclosure of nature and extent of risks arising from financial instruments [line items] | ||
Scenario probability weighting | 1.80% | 5.50% |
Baseline | US | GDP | Over one year but not more than two years | ||
Disclosure of nature and extent of risks arising from financial instruments [line items] | ||
Scenario probability weighting | 0.50% | 3.90% |
Baseline | US | GDP | Two to three years | ||
Disclosure of nature and extent of risks arising from financial instruments [line items] | ||
Scenario probability weighting | 1.20% | 2.60% |
Baseline | US | GDP | Three to four years | ||
Disclosure of nature and extent of risks arising from financial instruments [line items] | ||
Scenario probability weighting | 1.50% | 2.40% |
Baseline | US | GDP | Four to five years | ||
Disclosure of nature and extent of risks arising from financial instruments [line items] | ||
Scenario probability weighting | 1.50% | 2.40% |
Baseline | US | GDP | Specific bases | ||
Disclosure of nature and extent of risks arising from financial instruments [line items] | ||
Scenario probability weighting | 1.30% | 3.40% |
Baseline | US | GDP | 5-year averages | ||
Disclosure of nature and extent of risks arising from financial instruments [line items] | ||
Scenario probability weighting | 1.30% | 3.40% |
Baseline | US | Unemployment | Not more than one year | ||
Disclosure of nature and extent of risks arising from financial instruments [line items] | ||
Scenario probability weighting | 3.70% | 5.50% |
Baseline | US | Unemployment | Over one year but not more than two years | ||
Disclosure of nature and extent of risks arising from financial instruments [line items] | ||
Scenario probability weighting | 4.30% | 4.20% |
Baseline | US | Unemployment | Two to three years | ||
Disclosure of nature and extent of risks arising from financial instruments [line items] | ||
Scenario probability weighting | 4.70% | 3.60% |
Baseline | US | Unemployment | Three to four years | ||
Disclosure of nature and extent of risks arising from financial instruments [line items] | ||
Scenario probability weighting | 4.70% | 3.60% |
Baseline | US | Unemployment | Four to five years | ||
Disclosure of nature and extent of risks arising from financial instruments [line items] | ||
Scenario probability weighting | 4.70% | 3.60% |
Baseline | US | Unemployment | Specific bases | ||
Disclosure of nature and extent of risks arising from financial instruments [line items] | ||
Scenario probability weighting | 4.40% | 4.10% |
Baseline | US | Unemployment | 5-year averages | ||
Disclosure of nature and extent of risks arising from financial instruments [line items] | ||
Scenario probability weighting | 4.40% | 4.10% |
Baseline | US | HPI | Not more than one year | ||
Disclosure of nature and extent of risks arising from financial instruments [line items] | ||
Scenario probability weighting | 11.20% | 11.80% |
Baseline | US | HPI | Over one year but not more than two years | ||
Disclosure of nature and extent of risks arising from financial instruments [line items] | ||
Scenario probability weighting | 1.80% | 4.50% |
Baseline | US | HPI | Two to three years | ||
Disclosure of nature and extent of risks arising from financial instruments [line items] | ||
Scenario probability weighting | 1.50% | 5.20% |
Baseline | US | HPI | Three to four years | ||
Disclosure of nature and extent of risks arising from financial instruments [line items] | ||
Scenario probability weighting | 2.30% | 4.90% |
Baseline | US | HPI | Four to five years | ||
Disclosure of nature and extent of risks arising from financial instruments [line items] | ||
Scenario probability weighting | 2.40% | 5% |
Baseline | US | HPI | Specific bases | ||
Disclosure of nature and extent of risks arising from financial instruments [line items] | ||
Scenario probability weighting | 3.80% | 6.20% |
Baseline | US | HPI | 5-year averages | ||
Disclosure of nature and extent of risks arising from financial instruments [line items] | ||
Scenario probability weighting | 3.80% | 6.20% |
Baseline | US | US federal funds rate | Not more than one year | ||
Disclosure of nature and extent of risks arising from financial instruments [line items] | ||
Scenario probability weighting | 2.10% | 0.20% |
Baseline | US | US federal funds rate | Over one year but not more than two years | ||
Disclosure of nature and extent of risks arising from financial instruments [line items] | ||
Scenario probability weighting | 4.80% | 0.30% |
Baseline | US | US federal funds rate | Two to three years | ||
Disclosure of nature and extent of risks arising from financial instruments [line items] | ||
Scenario probability weighting | 3.60% | 0.90% |
Baseline | US | US federal funds rate | Three to four years | ||
Disclosure of nature and extent of risks arising from financial instruments [line items] | ||
Scenario probability weighting | 3.10% | 1.20% |
Baseline | US | US federal funds rate | Four to five years | ||
Disclosure of nature and extent of risks arising from financial instruments [line items] | ||
Scenario probability weighting | 3% | 1.30% |
Baseline | US | US federal funds rate | Specific bases | ||
Disclosure of nature and extent of risks arising from financial instruments [line items] | ||
Scenario probability weighting | 3.30% | 0.80% |
Baseline | US | US federal funds rate | 5-year averages | ||
Disclosure of nature and extent of risks arising from financial instruments [line items] | ||
Scenario probability weighting | 3.30% | 0.80% |
Downside 2 | ||
Disclosure of nature and extent of risks arising from financial instruments [line items] | ||
Scenario probability weighting | 9% | 7% |
Downside 2 | UK | GDP | Not more than one year | ||
Disclosure of nature and extent of risks arising from financial instruments [line items] | ||
Scenario probability weighting | 3.30% | 6.20% |
Downside 2 | UK | GDP | Over one year but not more than two years | ||
Disclosure of nature and extent of risks arising from financial instruments [line items] | ||
Scenario probability weighting | (3.40%) | 0.20% |
Downside 2 | UK | GDP | Two to three years | ||
Disclosure of nature and extent of risks arising from financial instruments [line items] | ||
Scenario probability weighting | (3.80%) | (4.00%) |
Downside 2 | UK | GDP | Three to four years | ||
Disclosure of nature and extent of risks arising from financial instruments [line items] | ||
Scenario probability weighting | 2% | 2.80% |
Downside 2 | UK | GDP | Four to five years | ||
Disclosure of nature and extent of risks arising from financial instruments [line items] | ||
Scenario probability weighting | 2.30% | 4.30% |
Downside 2 | UK | GDP | Specific bases | ||
Disclosure of nature and extent of risks arising from financial instruments [line items] | ||
Scenario probability weighting | (6.80%) | (1.60%) |
Downside 2 | UK | GDP | 5-year averages | ||
Disclosure of nature and extent of risks arising from financial instruments [line items] | ||
Scenario probability weighting | 0% | 1.80% |
Downside 2 | UK | Unemployment | Not more than one year | ||
Disclosure of nature and extent of risks arising from financial instruments [line items] | ||
Scenario probability weighting | 3.70% | 4.80% |
Downside 2 | UK | Unemployment | Over one year but not more than two years | ||
Disclosure of nature and extent of risks arising from financial instruments [line items] | ||
Scenario probability weighting | 6% | 7.20% |
Downside 2 | UK | Unemployment | Two to three years | ||
Disclosure of nature and extent of risks arising from financial instruments [line items] | ||
Scenario probability weighting | 8.40% | 9% |
Downside 2 | UK | Unemployment | Three to four years | ||
Disclosure of nature and extent of risks arising from financial instruments [line items] | ||
Scenario probability weighting | 8% | 7.60% |
Downside 2 | UK | Unemployment | Four to five years | ||
Disclosure of nature and extent of risks arising from financial instruments [line items] | ||
Scenario probability weighting | 7.40% | 6.30% |
Downside 2 | UK | Unemployment | Specific bases | ||
Disclosure of nature and extent of risks arising from financial instruments [line items] | ||
Scenario probability weighting | 8.50% | 9.20% |
Downside 2 | UK | Unemployment | 5-year averages | ||
Disclosure of nature and extent of risks arising from financial instruments [line items] | ||
Scenario probability weighting | 6.70% | 7% |
Downside 2 | UK | HPI | Not more than one year | ||
Disclosure of nature and extent of risks arising from financial instruments [line items] | ||
Scenario probability weighting | 8.40% | 4.70% |
Downside 2 | UK | HPI | Over one year but not more than two years | ||
Disclosure of nature and extent of risks arising from financial instruments [line items] | ||
Scenario probability weighting | (18.30%) | (14.30%) |
Downside 2 | UK | HPI | Two to three years | ||
Disclosure of nature and extent of risks arising from financial instruments [line items] | ||
Scenario probability weighting | (18.80%) | (21.80%) |
Downside 2 | UK | HPI | Three to four years | ||
Disclosure of nature and extent of risks arising from financial instruments [line items] | ||
Scenario probability weighting | (7.70%) | 11.90% |
Downside 2 | UK | HPI | Four to five years | ||
Disclosure of nature and extent of risks arising from financial instruments [line items] | ||
Scenario probability weighting | 8.20% | 15.20% |
Downside 2 | UK | HPI | Specific bases | ||
Disclosure of nature and extent of risks arising from financial instruments [line items] | ||
Scenario probability weighting | (35.00%) | (29.90%) |
Downside 2 | UK | HPI | 5-year averages | ||
Disclosure of nature and extent of risks arising from financial instruments [line items] | ||
Scenario probability weighting | (6.40%) | (2.00%) |
Downside 2 | UK | UK bank rate | Not more than one year | ||
Disclosure of nature and extent of risks arising from financial instruments [line items] | ||
Scenario probability weighting | 1.80% | 0.10% |
Downside 2 | UK | UK bank rate | Over one year but not more than two years | ||
Disclosure of nature and extent of risks arising from financial instruments [line items] | ||
Scenario probability weighting | 7.30% | 2.20% |
Downside 2 | UK | UK bank rate | Two to three years | ||
Disclosure of nature and extent of risks arising from financial instruments [line items] | ||
Scenario probability weighting | 7.90% | 3.90% |
Downside 2 | UK | UK bank rate | Three to four years | ||
Disclosure of nature and extent of risks arising from financial instruments [line items] | ||
Scenario probability weighting | 6.60% | 3.10% |
Downside 2 | UK | UK bank rate | Four to five years | ||
Disclosure of nature and extent of risks arising from financial instruments [line items] | ||
Scenario probability weighting | 5.50% | 2.20% |
Downside 2 | UK | UK bank rate | Specific bases | ||
Disclosure of nature and extent of risks arising from financial instruments [line items] | ||
Scenario probability weighting | 8% | 4% |
Downside 2 | UK | UK bank rate | 5-year averages | ||
Disclosure of nature and extent of risks arising from financial instruments [line items] | ||
Scenario probability weighting | 5.80% | 2.30% |
Downside 2 | US | GDP | Not more than one year | ||
Disclosure of nature and extent of risks arising from financial instruments [line items] | ||
Scenario probability weighting | 1.80% | 5.50% |
Downside 2 | US | GDP | Over one year but not more than two years | ||
Disclosure of nature and extent of risks arising from financial instruments [line items] | ||
Scenario probability weighting | (2.70%) | (0.80%) |
Downside 2 | US | GDP | Two to three years | ||
Disclosure of nature and extent of risks arising from financial instruments [line items] | ||
Scenario probability weighting | (3.40%) | (3.50%) |
Downside 2 | US | GDP | Three to four years | ||
Disclosure of nature and extent of risks arising from financial instruments [line items] | ||
Scenario probability weighting | 2% | 2.50% |
Downside 2 | US | GDP | Four to five years | ||
Disclosure of nature and extent of risks arising from financial instruments [line items] | ||
Scenario probability weighting | 2.60% | 3.20% |
Downside 2 | US | GDP | Specific bases | ||
Disclosure of nature and extent of risks arising from financial instruments [line items] | ||
Scenario probability weighting | (6.30%) | (1.30%) |
Downside 2 | US | GDP | 5-year averages | ||
Disclosure of nature and extent of risks arising from financial instruments [line items] | ||
Scenario probability weighting | 0% | 1.30% |
Downside 2 | US | Unemployment | Not more than one year | ||
Disclosure of nature and extent of risks arising from financial instruments [line items] | ||
Scenario probability weighting | 3.70% | 5.50% |
Downside 2 | US | Unemployment | Over one year but not more than two years | ||
Disclosure of nature and extent of risks arising from financial instruments [line items] | ||
Scenario probability weighting | 6% | 6.40% |
Downside 2 | US | Unemployment | Two to three years | ||
Disclosure of nature and extent of risks arising from financial instruments [line items] | ||
Scenario probability weighting | 8.50% | 9.10% |
Downside 2 | US | Unemployment | Three to four years | ||
Disclosure of nature and extent of risks arising from financial instruments [line items] | ||
Scenario probability weighting | 8.10% | 8.10% |
Downside 2 | US | Unemployment | Four to five years | ||
Disclosure of nature and extent of risks arising from financial instruments [line items] | ||
Scenario probability weighting | 7.10% | 6.40% |
Downside 2 | US | Unemployment | Specific bases | ||
Disclosure of nature and extent of risks arising from financial instruments [line items] | ||
Scenario probability weighting | 8.60% | 9.50% |
Downside 2 | US | Unemployment | 5-year averages | ||
Disclosure of nature and extent of risks arising from financial instruments [line items] | ||
Scenario probability weighting | 6.70% | 7.10% |
Downside 2 | US | HPI | Not more than one year | ||
Disclosure of nature and extent of risks arising from financial instruments [line items] | ||
Scenario probability weighting | 11.20% | 11.80% |
Downside 2 | US | HPI | Over one year but not more than two years | ||
Disclosure of nature and extent of risks arising from financial instruments [line items] | ||
Scenario probability weighting | (3.10%) | (6.60%) |
Downside 2 | US | HPI | Two to three years | ||
Disclosure of nature and extent of risks arising from financial instruments [line items] | ||
Scenario probability weighting | (4.00%) | (9.00%) |
Downside 2 | US | HPI | Three to four years | ||
Disclosure of nature and extent of risks arising from financial instruments [line items] | ||
Scenario probability weighting | (1.90%) | 5.90% |
Downside 2 | US | HPI | Four to five years | ||
Disclosure of nature and extent of risks arising from financial instruments [line items] | ||
Scenario probability weighting | 4.80% | 6.70% |
Downside 2 | US | HPI | Specific bases | ||
Disclosure of nature and extent of risks arising from financial instruments [line items] | ||
Scenario probability weighting | 0.20% | (5.00%) |
Downside 2 | US | HPI | 5-year averages | ||
Disclosure of nature and extent of risks arising from financial instruments [line items] | ||
Scenario probability weighting | 1.20% | 1.40% |
Downside 2 | US | US federal funds rate | Not more than one year | ||
Disclosure of nature and extent of risks arising from financial instruments [line items] | ||
Scenario probability weighting | 2.10% | 0.20% |
Downside 2 | US | US federal funds rate | Over one year but not more than two years | ||
Disclosure of nature and extent of risks arising from financial instruments [line items] | ||
Scenario probability weighting | 6.60% | 2.10% |
Downside 2 | US | US federal funds rate | Two to three years | ||
Disclosure of nature and extent of risks arising from financial instruments [line items] | ||
Scenario probability weighting | 6.90% | 3.40% |
Downside 2 | US | US federal funds rate | Three to four years | ||
Disclosure of nature and extent of risks arising from financial instruments [line items] | ||
Scenario probability weighting | 5.80% | 2.60% |
Downside 2 | US | US federal funds rate | Four to five years | ||
Disclosure of nature and extent of risks arising from financial instruments [line items] | ||
Scenario probability weighting | 4.60% | 2% |
Downside 2 | US | US federal funds rate | Specific bases | ||
Disclosure of nature and extent of risks arising from financial instruments [line items] | ||
Scenario probability weighting | 7% | 3.50% |
Downside 2 | US | US federal funds rate | 5-year averages | ||
Disclosure of nature and extent of risks arising from financial instruments [line items] | ||
Scenario probability weighting | 5.20% | 2.10% |
Downside 1 | ||
Disclosure of nature and extent of risks arising from financial instruments [line items] | ||
Scenario probability weighting | 17.60% | 14.80% |
Downside 1 | UK | GDP | Not more than one year | ||
Disclosure of nature and extent of risks arising from financial instruments [line items] | ||
Scenario probability weighting | 3.30% | 6.20% |
Downside 1 | UK | GDP | Over one year but not more than two years | ||
Disclosure of nature and extent of risks arising from financial instruments [line items] | ||
Scenario probability weighting | (2.10%) | 2.80% |
Downside 1 | UK | GDP | Two to three years | ||
Disclosure of nature and extent of risks arising from financial instruments [line items] | ||
Scenario probability weighting | (1.50%) | (0.70%) |
Downside 1 | UK | GDP | Three to four years | ||
Disclosure of nature and extent of risks arising from financial instruments [line items] | ||
Scenario probability weighting | 1.90% | 2.30% |
Downside 1 | UK | GDP | Four to five years | ||
Disclosure of nature and extent of risks arising from financial instruments [line items] | ||
Scenario probability weighting | 2.10% | 2.90% |
Downside 1 | UK | GDP | Specific bases | ||
Disclosure of nature and extent of risks arising from financial instruments [line items] | ||
Scenario probability weighting | (3.20%) | (1.60%) |
Downside 1 | UK | GDP | 5-year averages | ||
Disclosure of nature and extent of risks arising from financial instruments [line items] | ||
Scenario probability weighting | 0.70% | 2.70% |
Downside 1 | UK | Unemployment | Not more than one year | ||
Disclosure of nature and extent of risks arising from financial instruments [line items] | ||
Scenario probability weighting | 3.70% | 4.80% |
Downside 1 | UK | Unemployment | Over one year but not more than two years | ||
Disclosure of nature and extent of risks arising from financial instruments [line items] | ||
Scenario probability weighting | 5.20% | 6.20% |
Downside 1 | UK | Unemployment | Two to three years | ||
Disclosure of nature and extent of risks arising from financial instruments [line items] | ||
Scenario probability weighting | 6.40% | 6.80% |
Downside 1 | UK | Unemployment | Three to four years | ||
Disclosure of nature and extent of risks arising from financial instruments [line items] | ||
Scenario probability weighting | 6% | 6% |
Downside 1 | UK | Unemployment | Four to five years | ||
Disclosure of nature and extent of risks arising from financial instruments [line items] | ||
Scenario probability weighting | 5.80% | 5.30% |
Downside 1 | UK | Unemployment | Specific bases | ||
Disclosure of nature and extent of risks arising from financial instruments [line items] | ||
Scenario probability weighting | 6.60% | 7% |
Downside 1 | UK | Unemployment | 5-year averages | ||
Disclosure of nature and extent of risks arising from financial instruments [line items] | ||
Scenario probability weighting | 5.40% | 5.80% |
Downside 1 | UK | HPI | Not more than one year | ||
Disclosure of nature and extent of risks arising from financial instruments [line items] | ||
Scenario probability weighting | 8.40% | 4.70% |
Downside 1 | UK | HPI | Over one year but not more than two years | ||
Disclosure of nature and extent of risks arising from financial instruments [line items] | ||
Scenario probability weighting | (11.70%) | (6.80%) |
Downside 1 | UK | HPI | Two to three years | ||
Disclosure of nature and extent of risks arising from financial instruments [line items] | ||
Scenario probability weighting | (10.60%) | (10.50%) |
Downside 1 | UK | HPI | Three to four years | ||
Disclosure of nature and extent of risks arising from financial instruments [line items] | ||
Scenario probability weighting | (2.80%) | 6.90% |
Downside 1 | UK | HPI | Four to five years | ||
Disclosure of nature and extent of risks arising from financial instruments [line items] | ||
Scenario probability weighting | 5.20% | 8.60% |
Downside 1 | UK | HPI | Specific bases | ||
Disclosure of nature and extent of risks arising from financial instruments [line items] | ||
Scenario probability weighting | (17.90%) | (12.70%) |
Downside 1 | UK | HPI | 5-year averages | ||
Disclosure of nature and extent of risks arising from financial instruments [line items] | ||
Scenario probability weighting | (2.60%) | 0.30% |
Downside 1 | UK | UK bank rate | Not more than one year | ||
Disclosure of nature and extent of risks arising from financial instruments [line items] | ||
Scenario probability weighting | 1.80% | 0.10% |
Downside 1 | UK | UK bank rate | Over one year but not more than two years | ||
Disclosure of nature and extent of risks arising from financial instruments [line items] | ||
Scenario probability weighting | 5.90% | 1.60% |
Downside 1 | UK | UK bank rate | Two to three years | ||
Disclosure of nature and extent of risks arising from financial instruments [line items] | ||
Scenario probability weighting | 6.10% | 2.70% |
Downside 1 | UK | UK bank rate | Three to four years | ||
Disclosure of nature and extent of risks arising from financial instruments [line items] | ||
Scenario probability weighting | 5.30% | 2.30% |
Downside 1 | UK | UK bank rate | Four to five years | ||
Disclosure of nature and extent of risks arising from financial instruments [line items] | ||
Scenario probability weighting | 4.60% | 1.60% |
Downside 1 | UK | UK bank rate | Specific bases | ||
Disclosure of nature and extent of risks arising from financial instruments [line items] | ||
Scenario probability weighting | 6.30% | 2.80% |
Downside 1 | UK | UK bank rate | 5-year averages | ||
Disclosure of nature and extent of risks arising from financial instruments [line items] | ||
Scenario probability weighting | 4.70% | 1.70% |
Downside 1 | US | GDP | Not more than one year | ||
Disclosure of nature and extent of risks arising from financial instruments [line items] | ||
Scenario probability weighting | 1.80% | 5.50% |
Downside 1 | US | GDP | Over one year but not more than two years | ||
Disclosure of nature and extent of risks arising from financial instruments [line items] | ||
Scenario probability weighting | (1.10%) | 1.60% |
Downside 1 | US | GDP | Two to three years | ||
Disclosure of nature and extent of risks arising from financial instruments [line items] | ||
Scenario probability weighting | (1.10%) | (0.40%) |
Downside 1 | US | GDP | Three to four years | ||
Disclosure of nature and extent of risks arising from financial instruments [line items] | ||
Scenario probability weighting | 1.70% | 2.40% |
Downside 1 | US | GDP | Four to five years | ||
Disclosure of nature and extent of risks arising from financial instruments [line items] | ||
Scenario probability weighting | 2.10% | 2.70% |
Downside 1 | US | GDP | Specific bases | ||
Disclosure of nature and extent of risks arising from financial instruments [line items] | ||
Scenario probability weighting | (2.50%) | 1.50% |
Downside 1 | US | GDP | 5-year averages | ||
Disclosure of nature and extent of risks arising from financial instruments [line items] | ||
Scenario probability weighting | 0.70% | 2.40% |
Downside 1 | US | Unemployment | Not more than one year | ||
Disclosure of nature and extent of risks arising from financial instruments [line items] | ||
Scenario probability weighting | 3.70% | 5.50% |
Downside 1 | US | Unemployment | Over one year but not more than two years | ||
Disclosure of nature and extent of risks arising from financial instruments [line items] | ||
Scenario probability weighting | 5.10% | 5.40% |
Downside 1 | US | Unemployment | Two to three years | ||
Disclosure of nature and extent of risks arising from financial instruments [line items] | ||
Scenario probability weighting | 6.60% | 6.60% |
Downside 1 | US | Unemployment | Three to four years | ||
Disclosure of nature and extent of risks arising from financial instruments [line items] | ||
Scenario probability weighting | 6.40% | 6.10% |
Downside 1 | US | Unemployment | Four to five years | ||
Disclosure of nature and extent of risks arising from financial instruments [line items] | ||
Scenario probability weighting | 5.90% | 5.20% |
Downside 1 | US | Unemployment | Specific bases | ||
Disclosure of nature and extent of risks arising from financial instruments [line items] | ||
Scenario probability weighting | 6.70% | 6.80% |
Downside 1 | US | Unemployment | 5-year averages | ||
Disclosure of nature and extent of risks arising from financial instruments [line items] | ||
Scenario probability weighting | 5.50% | 5.70% |
Downside 1 | US | HPI | Not more than one year | ||
Disclosure of nature and extent of risks arising from financial instruments [line items] | ||
Scenario probability weighting | 11.20% | 11.80% |
Downside 1 | US | HPI | Over one year but not more than two years | ||
Disclosure of nature and extent of risks arising from financial instruments [line items] | ||
Scenario probability weighting | (0.70%) | (1.20%) |
Downside 1 | US | HPI | Two to three years | ||
Disclosure of nature and extent of risks arising from financial instruments [line items] | ||
Scenario probability weighting | (1.30%) | (2.10%) |
Downside 1 | US | HPI | Three to four years | ||
Disclosure of nature and extent of risks arising from financial instruments [line items] | ||
Scenario probability weighting | 0.20% | 4.80% |
Downside 1 | US | HPI | Four to five years | ||
Disclosure of nature and extent of risks arising from financial instruments [line items] | ||
Scenario probability weighting | 3.60% | 5.20% |
Downside 1 | US | HPI | Specific bases | ||
Disclosure of nature and extent of risks arising from financial instruments [line items] | ||
Scenario probability weighting | 3.70% | 2.20% |
Downside 1 | US | HPI | 5-year averages | ||
Disclosure of nature and extent of risks arising from financial instruments [line items] | ||
Scenario probability weighting | 2.50% | 3.60% |
Downside 1 | US | US federal funds rate | Not more than one year | ||
Disclosure of nature and extent of risks arising from financial instruments [line items] | ||
Scenario probability weighting | 2.10% | 0.20% |
Downside 1 | US | US federal funds rate | Over one year but not more than two years | ||
Disclosure of nature and extent of risks arising from financial instruments [line items] | ||
Scenario probability weighting | 5.80% | 1.30% |
Downside 1 | US | US federal funds rate | Two to three years | ||
Disclosure of nature and extent of risks arising from financial instruments [line items] | ||
Scenario probability weighting | 5.40% | 2.30% |
Downside 1 | US | US federal funds rate | Three to four years | ||
Disclosure of nature and extent of risks arising from financial instruments [line items] | ||
Scenario probability weighting | 4.40% | 2.10% |
Downside 1 | US | US federal funds rate | Four to five years | ||
Disclosure of nature and extent of risks arising from financial instruments [line items] | ||
Scenario probability weighting | 3.90% | 1.80% |
Downside 1 | US | US federal funds rate | Specific bases | ||
Disclosure of nature and extent of risks arising from financial instruments [line items] | ||
Scenario probability weighting | 6% | 2.30% |
Downside 1 | US | US federal funds rate | 5-year averages | ||
Disclosure of nature and extent of risks arising from financial instruments [line items] | ||
Scenario probability weighting | 4.30% | 1.50% |
Upside 2 | ||
Disclosure of nature and extent of risks arising from financial instruments [line items] | ||
Scenario probability weighting | 10.90% | 20.90% |
Upside 2 | UK | GDP | Not more than one year | ||
Disclosure of nature and extent of risks arising from financial instruments [line items] | ||
Scenario probability weighting | 3.30% | 6.20% |
Upside 2 | UK | GDP | Over one year but not more than two years | ||
Disclosure of nature and extent of risks arising from financial instruments [line items] | ||
Scenario probability weighting | 2.80% | 7.20% |
Upside 2 | UK | GDP | Two to three years | ||
Disclosure of nature and extent of risks arising from financial instruments [line items] | ||
Scenario probability weighting | 3.70% | 4% |
Upside 2 | UK | GDP | Three to four years | ||
Disclosure of nature and extent of risks arising from financial instruments [line items] | ||
Scenario probability weighting | 2.90% | 2.70% |
Upside 2 | UK | GDP | Four to five years | ||
Disclosure of nature and extent of risks arising from financial instruments [line items] | ||
Scenario probability weighting | 2.40% | 2.10% |
Upside 2 | UK | GDP | Specific bases | ||
Disclosure of nature and extent of risks arising from financial instruments [line items] | ||
Scenario probability weighting | 13.90% | 21.40% |
Upside 2 | UK | GDP | 5-year averages | ||
Disclosure of nature and extent of risks arising from financial instruments [line items] | ||
Scenario probability weighting | 3% | 4.40% |
Upside 2 | UK | Unemployment | Not more than one year | ||
Disclosure of nature and extent of risks arising from financial instruments [line items] | ||
Scenario probability weighting | 3.70% | 4.80% |
Upside 2 | UK | Unemployment | Over one year but not more than two years | ||
Disclosure of nature and extent of risks arising from financial instruments [line items] | ||
Scenario probability weighting | 3.50% | 4.50% |
Upside 2 | UK | Unemployment | Two to three years | ||
Disclosure of nature and extent of risks arising from financial instruments [line items] | ||
Scenario probability weighting | 3.40% | 4.10% |
Upside 2 | UK | Unemployment | Three to four years | ||
Disclosure of nature and extent of risks arising from financial instruments [line items] | ||
Scenario probability weighting | 3.40% | 4% |
Upside 2 | UK | Unemployment | Four to five years | ||
Disclosure of nature and extent of risks arising from financial instruments [line items] | ||
Scenario probability weighting | 3.40% | 4% |
Upside 2 | UK | Unemployment | Specific bases | ||
Disclosure of nature and extent of risks arising from financial instruments [line items] | ||
Scenario probability weighting | 3.40% | 4% |
Upside 2 | UK | Unemployment | 5-year averages | ||
Disclosure of nature and extent of risks arising from financial instruments [line items] | ||
Scenario probability weighting | 3.50% | 4.30% |
Upside 2 | UK | HPI | Not more than one year | ||
Disclosure of nature and extent of risks arising from financial instruments [line items] | ||
Scenario probability weighting | 8.40% | 4.70% |
Upside 2 | UK | HPI | Over one year but not more than two years | ||
Disclosure of nature and extent of risks arising from financial instruments [line items] | ||
Scenario probability weighting | 8.70% | 8.50% |
Upside 2 | UK | HPI | Two to three years | ||
Disclosure of nature and extent of risks arising from financial instruments [line items] | ||
Scenario probability weighting | 7.50% | 9% |
Upside 2 | UK | HPI | Three to four years | ||
Disclosure of nature and extent of risks arising from financial instruments [line items] | ||
Scenario probability weighting | 4.40% | 5.20% |
Upside 2 | UK | HPI | Four to five years | ||
Disclosure of nature and extent of risks arising from financial instruments [line items] | ||
Scenario probability weighting | 4.20% | 4.20% |
Upside 2 | UK | HPI | Specific bases | ||
Disclosure of nature and extent of risks arising from financial instruments [line items] | ||
Scenario probability weighting | 37.80% | 35.70% |
Upside 2 | UK | HPI | 5-year averages | ||
Disclosure of nature and extent of risks arising from financial instruments [line items] | ||
Scenario probability weighting | 6.60% | 6.30% |
Upside 2 | UK | UK bank rate | Not more than one year | ||
Disclosure of nature and extent of risks arising from financial instruments [line items] | ||
Scenario probability weighting | 1.80% | 0.10% |
Upside 2 | UK | UK bank rate | Over one year but not more than two years | ||
Disclosure of nature and extent of risks arising from financial instruments [line items] | ||
Scenario probability weighting | 3.10% | 0.20% |
Upside 2 | UK | UK bank rate | Two to three years | ||
Disclosure of nature and extent of risks arising from financial instruments [line items] | ||
Scenario probability weighting | 2.60% | 0.50% |
Upside 2 | UK | UK bank rate | Three to four years | ||
Disclosure of nature and extent of risks arising from financial instruments [line items] | ||
Scenario probability weighting | 2.50% | 0.50% |
Upside 2 | UK | UK bank rate | Four to five years | ||
Disclosure of nature and extent of risks arising from financial instruments [line items] | ||
Scenario probability weighting | 2.50% | 0.30% |
Upside 2 | UK | UK bank rate | Specific bases | ||
Disclosure of nature and extent of risks arising from financial instruments [line items] | ||
Scenario probability weighting | 0.50% | 0.10% |
Upside 2 | UK | UK bank rate | 5-year averages | ||
Disclosure of nature and extent of risks arising from financial instruments [line items] | ||
Scenario probability weighting | 2.50% | 0.30% |
Upside 2 | US | GDP | Not more than one year | ||
Disclosure of nature and extent of risks arising from financial instruments [line items] | ||
Scenario probability weighting | 1.80% | 5.50% |
Upside 2 | US | GDP | Over one year but not more than two years | ||
Disclosure of nature and extent of risks arising from financial instruments [line items] | ||
Scenario probability weighting | 3.30% | 5.30% |
Upside 2 | US | GDP | Two to three years | ||
Disclosure of nature and extent of risks arising from financial instruments [line items] | ||
Scenario probability weighting | 3.50% | 4.10% |
Upside 2 | US | GDP | Three to four years | ||
Disclosure of nature and extent of risks arising from financial instruments [line items] | ||
Scenario probability weighting | 2.80% | 3.50% |
Upside 2 | US | GDP | Four to five years | ||
Disclosure of nature and extent of risks arising from financial instruments [line items] | ||
Scenario probability weighting | 2.80% | 3.40% |
Upside 2 | US | GDP | Specific bases | ||
Disclosure of nature and extent of risks arising from financial instruments [line items] | ||
Scenario probability weighting | 14.10% | 22.80% |
Upside 2 | US | GDP | 5-year averages | ||
Disclosure of nature and extent of risks arising from financial instruments [line items] | ||
Scenario probability weighting | 2.90% | 4.40% |
Upside 2 | US | Unemployment | Not more than one year | ||
Disclosure of nature and extent of risks arising from financial instruments [line items] | ||
Scenario probability weighting | 3.70% | 5.50% |
Upside 2 | US | Unemployment | Over one year but not more than two years | ||
Disclosure of nature and extent of risks arising from financial instruments [line items] | ||
Scenario probability weighting | 3.30% | 3.90% |
Upside 2 | US | Unemployment | Two to three years | ||
Disclosure of nature and extent of risks arising from financial instruments [line items] | ||
Scenario probability weighting | 3.30% | 3.40% |
Upside 2 | US | Unemployment | Three to four years | ||
Disclosure of nature and extent of risks arising from financial instruments [line items] | ||
Scenario probability weighting | 3.30% | 3.30% |
Upside 2 | US | Unemployment | Four to five years | ||
Disclosure of nature and extent of risks arising from financial instruments [line items] | ||
Scenario probability weighting | 3.30% | 3.30% |
Upside 2 | US | Unemployment | Specific bases | ||
Disclosure of nature and extent of risks arising from financial instruments [line items] | ||
Scenario probability weighting | 3.30% | 3.30% |
Upside 2 | US | Unemployment | 5-year averages | ||
Disclosure of nature and extent of risks arising from financial instruments [line items] | ||
Scenario probability weighting | 3.40% | 3.90% |
Upside 2 | US | HPI | Not more than one year | ||
Disclosure of nature and extent of risks arising from financial instruments [line items] | ||
Scenario probability weighting | 11.20% | 11.80% |
Upside 2 | US | HPI | Over one year but not more than two years | ||
Disclosure of nature and extent of risks arising from financial instruments [line items] | ||
Scenario probability weighting | 5.80% | 10.60% |
Upside 2 | US | HPI | Two to three years | ||
Disclosure of nature and extent of risks arising from financial instruments [line items] | ||
Scenario probability weighting | 5.10% | 8.50% |
Upside 2 | US | HPI | Three to four years | ||
Disclosure of nature and extent of risks arising from financial instruments [line items] | ||
Scenario probability weighting | 4.50% | 7.20% |
Upside 2 | US | HPI | Four to five years | ||
Disclosure of nature and extent of risks arising from financial instruments [line items] | ||
Scenario probability weighting | 4.50% | 6.60% |
Upside 2 | US | HPI | Specific bases | ||
Disclosure of nature and extent of risks arising from financial instruments [line items] | ||
Scenario probability weighting | 35% | 53.30% |
Upside 2 | US | HPI | 5-year averages | ||
Disclosure of nature and extent of risks arising from financial instruments [line items] | ||
Scenario probability weighting | 6.20% | 8.90% |
Upside 2 | US | US federal funds rate | Not more than one year | ||
Disclosure of nature and extent of risks arising from financial instruments [line items] | ||
Scenario probability weighting | 2.10% | 0.20% |
Upside 2 | US | US federal funds rate | Over one year but not more than two years | ||
Disclosure of nature and extent of risks arising from financial instruments [line items] | ||
Scenario probability weighting | 3.60% | 0.30% |
Upside 2 | US | US federal funds rate | Two to three years | ||
Disclosure of nature and extent of risks arising from financial instruments [line items] | ||
Scenario probability weighting | 2.90% | 0.40% |
Upside 2 | US | US federal funds rate | Three to four years | ||
Disclosure of nature and extent of risks arising from financial instruments [line items] | ||
Scenario probability weighting | 2.80% | 0.70% |
Upside 2 | US | US federal funds rate | Four to five years | ||
Disclosure of nature and extent of risks arising from financial instruments [line items] | ||
Scenario probability weighting | 2.80% | 1% |
Upside 2 | US | US federal funds rate | Specific bases | ||
Disclosure of nature and extent of risks arising from financial instruments [line items] | ||
Scenario probability weighting | 0.10% | 0.10% |
Upside 2 | US | US federal funds rate | 5-year averages | ||
Disclosure of nature and extent of risks arising from financial instruments [line items] | ||
Scenario probability weighting | 2.80% | 0.50% |
Upside 1 | ||
Disclosure of nature and extent of risks arising from financial instruments [line items] | ||
Scenario probability weighting | 23.10% | 27.20% |
Upside 1 | UK | GDP | Not more than one year | ||
Disclosure of nature and extent of risks arising from financial instruments [line items] | ||
Scenario probability weighting | 3.30% | 6.20% |
Upside 1 | UK | GDP | Over one year but not more than two years | ||
Disclosure of nature and extent of risks arising from financial instruments [line items] | ||
Scenario probability weighting | 1% | 6% |
Upside 1 | UK | GDP | Two to three years | ||
Disclosure of nature and extent of risks arising from financial instruments [line items] | ||
Scenario probability weighting | 2.30% | 3.10% |
Upside 1 | UK | GDP | Three to four years | ||
Disclosure of nature and extent of risks arising from financial instruments [line items] | ||
Scenario probability weighting | 2.40% | 2.30% |
Upside 1 | UK | GDP | Four to five years | ||
Disclosure of nature and extent of risks arising from financial instruments [line items] | ||
Scenario probability weighting | 2.10% | 1.90% |
Upside 1 | UK | GDP | Specific bases | ||
Disclosure of nature and extent of risks arising from financial instruments [line items] | ||
Scenario probability weighting | 9.40% | 18.30% |
Upside 1 | UK | GDP | 5-year averages | ||
Disclosure of nature and extent of risks arising from financial instruments [line items] | ||
Scenario probability weighting | 2.20% | 3.90% |
Upside 1 | UK | Unemployment | Not more than one year | ||
Disclosure of nature and extent of risks arising from financial instruments [line items] | ||
Scenario probability weighting | 3.70% | 4.80% |
Upside 1 | UK | Unemployment | Over one year but not more than two years | ||
Disclosure of nature and extent of risks arising from financial instruments [line items] | ||
Scenario probability weighting | 4% | 4.60% |
Upside 1 | UK | Unemployment | Two to three years | ||
Disclosure of nature and extent of risks arising from financial instruments [line items] | ||
Scenario probability weighting | 3.90% | 4.30% |
Upside 1 | UK | Unemployment | Three to four years | ||
Disclosure of nature and extent of risks arising from financial instruments [line items] | ||
Scenario probability weighting | 3.80% | 4.20% |
Upside 1 | UK | Unemployment | Four to five years | ||
Disclosure of nature and extent of risks arising from financial instruments [line items] | ||
Scenario probability weighting | 3.80% | 4.10% |
Upside 1 | UK | Unemployment | Specific bases | ||
Disclosure of nature and extent of risks arising from financial instruments [line items] | ||
Scenario probability weighting | 3.60% | 4.10% |
Upside 1 | UK | Unemployment | 5-year averages | ||
Disclosure of nature and extent of risks arising from financial instruments [line items] | ||
Scenario probability weighting | 3.80% | 4.40% |
Upside 1 | UK | HPI | Not more than one year | ||
Disclosure of nature and extent of risks arising from financial instruments [line items] | ||
Scenario probability weighting | 8.40% | 4.70% |
Upside 1 | UK | HPI | Over one year but not more than two years | ||
Disclosure of nature and extent of risks arising from financial instruments [line items] | ||
Scenario probability weighting | 1.80% | 5% |
Upside 1 | UK | HPI | Two to three years | ||
Disclosure of nature and extent of risks arising from financial instruments [line items] | ||
Scenario probability weighting | 2.90% | 5% |
Upside 1 | UK | HPI | Three to four years | ||
Disclosure of nature and extent of risks arising from financial instruments [line items] | ||
Scenario probability weighting | 3.30% | 3.90% |
Upside 1 | UK | HPI | Four to five years | ||
Disclosure of nature and extent of risks arising from financial instruments [line items] | ||
Scenario probability weighting | 3.20% | 3.30% |
Upside 1 | UK | HPI | Specific bases | ||
Disclosure of nature and extent of risks arising from financial instruments [line items] | ||
Scenario probability weighting | 21% | 23.80% |
Upside 1 | UK | HPI | 5-year averages | ||
Disclosure of nature and extent of risks arising from financial instruments [line items] | ||
Scenario probability weighting | 3.90% | 4.40% |
Upside 1 | UK | UK bank rate | Not more than one year | ||
Disclosure of nature and extent of risks arising from financial instruments [line items] | ||
Scenario probability weighting | 1.80% | 0.10% |
Upside 1 | UK | UK bank rate | Over one year but not more than two years | ||
Disclosure of nature and extent of risks arising from financial instruments [line items] | ||
Scenario probability weighting | 3.50% | 0.60% |
Upside 1 | UK | UK bank rate | Two to three years | ||
Disclosure of nature and extent of risks arising from financial instruments [line items] | ||
Scenario probability weighting | 3.30% | 0.80% |
Upside 1 | UK | UK bank rate | Three to four years | ||
Disclosure of nature and extent of risks arising from financial instruments [line items] | ||
Scenario probability weighting | 3% | 0.80% |
Upside 1 | UK | UK bank rate | Four to five years | ||
Disclosure of nature and extent of risks arising from financial instruments [line items] | ||
Scenario probability weighting | 2.80% | 0.50% |
Upside 1 | UK | UK bank rate | Specific bases | ||
Disclosure of nature and extent of risks arising from financial instruments [line items] | ||
Scenario probability weighting | 0.50% | 0.10% |
Upside 1 | UK | UK bank rate | 5-year averages | ||
Disclosure of nature and extent of risks arising from financial instruments [line items] | ||
Scenario probability weighting | 2.90% | 0.50% |
Upside 1 | US | GDP | Not more than one year | ||
Disclosure of nature and extent of risks arising from financial instruments [line items] | ||
Scenario probability weighting | 1.80% | 5.50% |
Upside 1 | US | GDP | Over one year but not more than two years | ||
Disclosure of nature and extent of risks arising from financial instruments [line items] | ||
Scenario probability weighting | 1.90% | 4.60% |
Upside 1 | US | GDP | Two to three years | ||
Disclosure of nature and extent of risks arising from financial instruments [line items] | ||
Scenario probability weighting | 2.30% | 3.40% |
Upside 1 | US | GDP | Three to four years | ||
Disclosure of nature and extent of risks arising from financial instruments [line items] | ||
Scenario probability weighting | 2.20% | 2.90% |
Upside 1 | US | GDP | Four to five years | ||
Disclosure of nature and extent of risks arising from financial instruments [line items] | ||
Scenario probability weighting | 2.20% | 2.90% |
Upside 1 | US | GDP | Specific bases | ||
Disclosure of nature and extent of risks arising from financial instruments [line items] | ||
Scenario probability weighting | 9.60% | 19.60% |
Upside 1 | US | GDP | 5-year averages | ||
Disclosure of nature and extent of risks arising from financial instruments [line items] | ||
Scenario probability weighting | 2.10% | 3.90% |
Upside 1 | US | Unemployment | Not more than one year | ||
Disclosure of nature and extent of risks arising from financial instruments [line items] | ||
Scenario probability weighting | 3.70% | 5.50% |
Upside 1 | US | Unemployment | Over one year but not more than two years | ||
Disclosure of nature and extent of risks arising from financial instruments [line items] | ||
Scenario probability weighting | 3.80% | 4% |
Upside 1 | US | Unemployment | Two to three years | ||
Disclosure of nature and extent of risks arising from financial instruments [line items] | ||
Scenario probability weighting | 4% | 3.50% |
Upside 1 | US | Unemployment | Three to four years | ||
Disclosure of nature and extent of risks arising from financial instruments [line items] | ||
Scenario probability weighting | 4% | 3.50% |
Upside 1 | US | Unemployment | Four to five years | ||
Disclosure of nature and extent of risks arising from financial instruments [line items] | ||
Scenario probability weighting | 4% | 3.50% |
Upside 1 | US | Unemployment | Specific bases | ||
Disclosure of nature and extent of risks arising from financial instruments [line items] | ||
Scenario probability weighting | 3.60% | 3.50% |
Upside 1 | US | Unemployment | 5-year averages | ||
Disclosure of nature and extent of risks arising from financial instruments [line items] | ||
Scenario probability weighting | 3.90% | 4% |
Upside 1 | US | HPI | Not more than one year | ||
Disclosure of nature and extent of risks arising from financial instruments [line items] | ||
Scenario probability weighting | 11.20% | 11.80% |
Upside 1 | US | HPI | Over one year but not more than two years | ||
Disclosure of nature and extent of risks arising from financial instruments [line items] | ||
Scenario probability weighting | 3.80% | 8.30% |
Upside 1 | US | HPI | Two to three years | ||
Disclosure of nature and extent of risks arising from financial instruments [line items] | ||
Scenario probability weighting | 3.30% | 7% |
Upside 1 | US | HPI | Three to four years | ||
Disclosure of nature and extent of risks arising from financial instruments [line items] | ||
Scenario probability weighting | 3.40% | 6% |
Upside 1 | US | HPI | Four to five years | ||
Disclosure of nature and extent of risks arising from financial instruments [line items] | ||
Scenario probability weighting | 3.40% | 5.70% |
Upside 1 | US | HPI | Specific bases | ||
Disclosure of nature and extent of risks arising from financial instruments [line items] | ||
Scenario probability weighting | 27.50% | 45.20% |
Upside 1 | US | HPI | 5-year averages | ||
Disclosure of nature and extent of risks arising from financial instruments [line items] | ||
Scenario probability weighting | 5% | 7.70% |
Upside 1 | US | US federal funds rate | Not more than one year | ||
Disclosure of nature and extent of risks arising from financial instruments [line items] | ||
Scenario probability weighting | 2.10% | 0.20% |
Upside 1 | US | US federal funds rate | Over one year but not more than two years | ||
Disclosure of nature and extent of risks arising from financial instruments [line items] | ||
Scenario probability weighting | 3.90% | 0.30% |
Upside 1 | US | US federal funds rate | Two to three years | ||
Disclosure of nature and extent of risks arising from financial instruments [line items] | ||
Scenario probability weighting | 3.40% | 0.60% |
Upside 1 | US | US federal funds rate | Three to four years | ||
Disclosure of nature and extent of risks arising from financial instruments [line items] | ||
Scenario probability weighting | 3% | 1% |
Upside 1 | US | US federal funds rate | Four to five years | ||
Disclosure of nature and extent of risks arising from financial instruments [line items] | ||
Scenario probability weighting | 3% | 1.10% |
Upside 1 | US | US federal funds rate | Specific bases | ||
Disclosure of nature and extent of risks arising from financial instruments [line items] | ||
Scenario probability weighting | 0.10% | 0.10% |
Upside 1 | US | US federal funds rate | 5-year averages | ||
Disclosure of nature and extent of risks arising from financial instruments [line items] | ||
Scenario probability weighting | 3.10% | 0.60% |
Other disclosures - Risk Man_10
Other disclosures - Risk Management and Principal Risks - Measurement uncertainty - ECL under 100% weighted scenarios for modelled portfolios, narrative (Details) £ in Millions | 12 Months Ended | |
Dec. 31, 2022 GBP (£) economic_scenario | Dec. 31, 2021 GBP (£) | |
Disclosure of nature and extent of risks arising from financial instruments [line items] | ||
Coverage ratio | 100% | |
Total financial assets | £ 1,187,698 | £ 1,049,896 |
Credit risk | ||
Disclosure of nature and extent of risks arising from financial instruments [line items] | ||
Number of economic scenarios | economic_scenario | 5 | |
ECL | ||
Disclosure of nature and extent of risks arising from financial instruments [line items] | ||
Total financial assets | £ (4,352) | £ (3,998) |
ECL | Baseline | ||
Disclosure of nature and extent of risks arising from financial instruments [line items] | ||
Weighted expected credit loss, uplift percentage | 1.50% | |
ECL | Home loans | Baseline | ||
Disclosure of nature and extent of risks arising from financial instruments [line items] | ||
Total financial assets | £ (342) | |
Increase (decrease) in coverage rates | 1.20% | |
ECL | Home loans | Credit risk | ||
Disclosure of nature and extent of risks arising from financial instruments [line items] | ||
Total financial assets | £ (346) | |
ECL | Credit cards, unsecured loans and other retail lending | Baseline | ||
Disclosure of nature and extent of risks arising from financial instruments [line items] | ||
Total financial assets | (2,506) | |
ECL | Credit cards, unsecured loans and other retail lending | Credit risk | ||
Disclosure of nature and extent of risks arising from financial instruments [line items] | ||
Total financial assets | (2,504) | |
ECL | Credit cards, unsecured loans and other retail lending | Downside 2 | ||
Disclosure of nature and extent of risks arising from financial instruments [line items] | ||
Total financial assets | (2,771) | |
ECL | Wholesale loans | Baseline | ||
Disclosure of nature and extent of risks arising from financial instruments [line items] | ||
Total financial assets | £ (755) | |
Increase (decrease) in coverage rates | 7% | |
ECL | Wholesale loans | Credit risk | ||
Disclosure of nature and extent of risks arising from financial instruments [line items] | ||
Total financial assets | £ (808) |
Other disclosures - Risk Man_11
Other disclosures - Risk Management and Principal Risks - Measurement uncertainty and sensitivity analysis - ECL under 100% weighted scenarios for modelled portfolios (audited) (Details) - GBP (£) £ in Millions | Dec. 31, 2022 | Dec. 31, 2021 |
Disclosure of nature and extent of risks arising from financial instruments [line items] | ||
Total financial assets | £ 1,187,698 | £ 1,049,896 |
ECL | ||
Disclosure of nature and extent of risks arising from financial instruments [line items] | ||
Total financial assets | (4,352) | (3,998) |
ECL | Total weighted model ECL | ||
Disclosure of nature and extent of risks arising from financial instruments [line items] | ||
Total financial assets | (3,658) | (2,318) |
ECL | ECL from individually assessed impairments | ||
Disclosure of nature and extent of risks arising from financial instruments [line items] | ||
Total financial assets | (316) | (463) |
ECL | ECL from non-modelled and others | ||
Disclosure of nature and extent of risks arising from financial instruments [line items] | ||
Total financial assets | (400) | (75) |
ECL | ECL from post-model management adjustments | ||
Disclosure of nature and extent of risks arising from financial instruments [line items] | ||
Total financial assets | 22 | (1,142) |
ECL | Of which: ECL from economic uncertainty adjustments | ||
Disclosure of nature and extent of risks arising from financial instruments [line items] | ||
Total financial assets | (97) | (1,049) |
Loans and advances | Financial assets at amortised cost | ||
Disclosure of nature and extent of risks arising from financial instruments [line items] | ||
Total financial assets | £ 182,507 | £ 145,259 |
Coverage ratio | 2.10% | 2.40% |
Loans and advances | Gross | Financial assets at amortised cost | ||
Disclosure of nature and extent of risks arising from financial instruments [line items] | ||
Total financial assets | £ 186,327 | £ 148,758 |
Loans and advances | ECL | Financial assets at amortised cost | ||
Disclosure of nature and extent of risks arising from financial instruments [line items] | ||
Total financial assets | (3,820) | (3,499) |
Loans and advances | Stage 1 | Financial assets at amortised cost | ||
Disclosure of nature and extent of risks arising from financial instruments [line items] | ||
Total financial assets | £ 163,115 | £ 128,217 |
Coverage ratio | 0.40% | 0.60% |
Loans and advances | Stage 1 | Gross | Financial assets at amortised cost | ||
Disclosure of nature and extent of risks arising from financial instruments [line items] | ||
Total financial assets | £ 163,808 | £ 129,013 |
Loans and advances | Stage 1 | ECL | Financial assets at amortised cost | ||
Disclosure of nature and extent of risks arising from financial instruments [line items] | ||
Total financial assets | (693) | (796) |
Loans and advances | Lifetime expected credit losses | Stage 2 | Financial assets at amortised cost | ||
Disclosure of nature and extent of risks arising from financial instruments [line items] | ||
Total financial assets | £ 17,460 | £ 15,378 |
Coverage ratio | 7.90% | 6.20% |
Loans and advances | Lifetime expected credit losses | Stage 3 | Financial assets at amortised cost | ||
Disclosure of nature and extent of risks arising from financial instruments [line items] | ||
Total financial assets | £ 1,932 | £ 1,664 |
Coverage ratio | 45.90% | 50.30% |
Loans and advances | Lifetime expected credit losses | Gross | Stage 2 | Financial assets at amortised cost | ||
Disclosure of nature and extent of risks arising from financial instruments [line items] | ||
Total financial assets | £ 18,949 | £ 16,397 |
Loans and advances | Lifetime expected credit losses | Gross | Stage 3 | Financial assets at amortised cost | ||
Disclosure of nature and extent of risks arising from financial instruments [line items] | ||
Total financial assets | 3,570 | 3,348 |
Loans and advances | Lifetime expected credit losses | ECL | Stage 2 | Financial assets at amortised cost | ||
Disclosure of nature and extent of risks arising from financial instruments [line items] | ||
Total financial assets | (1,489) | (1,019) |
Loans and advances | Lifetime expected credit losses | ECL | Stage 3 | Financial assets at amortised cost | ||
Disclosure of nature and extent of risks arising from financial instruments [line items] | ||
Total financial assets | (1,638) | (1,684) |
Home loans | Financial assets at amortised cost | ||
Disclosure of nature and extent of risks arising from financial instruments [line items] | ||
Total financial assets | £ 11,405 | £ 10,985 |
Coverage ratio | 3.30% | 3.40% |
Home loans | Gross | Financial assets at amortised cost | ||
Disclosure of nature and extent of risks arising from financial instruments [line items] | ||
Total financial assets | £ 11,798 | £ 11,371 |
Home loans | ECL | Financial assets at amortised cost | ||
Disclosure of nature and extent of risks arising from financial instruments [line items] | ||
Total financial assets | (393) | (386) |
Home loans | Stage 1 | Financial assets at amortised cost | ||
Disclosure of nature and extent of risks arising from financial instruments [line items] | ||
Total financial assets | £ 10,446 | £ 9,752 |
Coverage ratio | 0.10% | 0.10% |
Home loans | Stage 1 | Gross | Financial assets at amortised cost | ||
Disclosure of nature and extent of risks arising from financial instruments [line items] | ||
Total financial assets | £ 10,458 | £ 9,760 |
Home loans | Stage 1 | ECL | Financial assets at amortised cost | ||
Disclosure of nature and extent of risks arising from financial instruments [line items] | ||
Total financial assets | (12) | (8) |
Home loans | Lifetime expected credit losses | Stage 2 | Financial assets at amortised cost | ||
Disclosure of nature and extent of risks arising from financial instruments [line items] | ||
Total financial assets | £ 337 | £ 618 |
Coverage ratio | 6.90% | 5.40% |
Home loans | Lifetime expected credit losses | Stage 3 | Financial assets at amortised cost | ||
Disclosure of nature and extent of risks arising from financial instruments [line items] | ||
Total financial assets | £ 622 | £ 615 |
Coverage ratio | 36.40% | 35.80% |
Home loans | Lifetime expected credit losses | Gross | Stage 2 | Financial assets at amortised cost | ||
Disclosure of nature and extent of risks arising from financial instruments [line items] | ||
Total financial assets | £ 362 | £ 653 |
Home loans | Lifetime expected credit losses | Gross | Stage 3 | Financial assets at amortised cost | ||
Disclosure of nature and extent of risks arising from financial instruments [line items] | ||
Total financial assets | 978 | 958 |
Home loans | Lifetime expected credit losses | ECL | Stage 2 | Financial assets at amortised cost | ||
Disclosure of nature and extent of risks arising from financial instruments [line items] | ||
Total financial assets | (25) | (35) |
Home loans | Lifetime expected credit losses | ECL | Stage 3 | Financial assets at amortised cost | ||
Disclosure of nature and extent of risks arising from financial instruments [line items] | ||
Total financial assets | (356) | (343) |
Credit cards, unsecured loans and other retail lending | Financial assets at amortised cost | ||
Disclosure of nature and extent of risks arising from financial instruments [line items] | ||
Total financial assets | £ 34,162 | £ 25,960 |
Coverage ratio | 7.10% | 8.10% |
Credit cards, unsecured loans and other retail lending | Gross | Financial assets at amortised cost | ||
Disclosure of nature and extent of risks arising from financial instruments [line items] | ||
Total financial assets | £ 36,761 | £ 28,262 |
Credit cards, unsecured loans and other retail lending | ECL | Financial assets at amortised cost | ||
Disclosure of nature and extent of risks arising from financial instruments [line items] | ||
Total financial assets | (2,599) | (2,302) |
Credit cards, unsecured loans and other retail lending | Stage 1 | Financial assets at amortised cost | ||
Disclosure of nature and extent of risks arising from financial instruments [line items] | ||
Total financial assets | £ 30,108 | £ 23,406 |
Coverage ratio | 1.30% | 2.50% |
Credit cards, unsecured loans and other retail lending | Stage 1 | Gross | Financial assets at amortised cost | ||
Disclosure of nature and extent of risks arising from financial instruments [line items] | ||
Total financial assets | £ 30,501 | £ 24,011 |
Credit cards, unsecured loans and other retail lending | Stage 1 | ECL | Financial assets at amortised cost | ||
Disclosure of nature and extent of risks arising from financial instruments [line items] | ||
Total financial assets | (393) | (605) |
Credit cards, unsecured loans and other retail lending | Lifetime expected credit losses | Stage 2 | Financial assets at amortised cost | ||
Disclosure of nature and extent of risks arising from financial instruments [line items] | ||
Total financial assets | £ 3,384 | £ 1,991 |
Coverage ratio | 26.20% | 28.40% |
Credit cards, unsecured loans and other retail lending | Lifetime expected credit losses | Stage 3 | Financial assets at amortised cost | ||
Disclosure of nature and extent of risks arising from financial instruments [line items] | ||
Total financial assets | £ 670 | £ 563 |
Coverage ratio | 60% | 61.70% |
Credit cards, unsecured loans and other retail lending | Lifetime expected credit losses | Gross | Stage 2 | Financial assets at amortised cost | ||
Disclosure of nature and extent of risks arising from financial instruments [line items] | ||
Total financial assets | £ 4,586 | £ 2,782 |
Credit cards, unsecured loans and other retail lending | Lifetime expected credit losses | Gross | Stage 3 | Financial assets at amortised cost | ||
Disclosure of nature and extent of risks arising from financial instruments [line items] | ||
Total financial assets | 1,674 | 1,469 |
Credit cards, unsecured loans and other retail lending | Lifetime expected credit losses | ECL | Stage 2 | Financial assets at amortised cost | ||
Disclosure of nature and extent of risks arising from financial instruments [line items] | ||
Total financial assets | (1,202) | (791) |
Credit cards, unsecured loans and other retail lending | Lifetime expected credit losses | ECL | Stage 3 | Financial assets at amortised cost | ||
Disclosure of nature and extent of risks arising from financial instruments [line items] | ||
Total financial assets | (1,004) | (906) |
Wholesale loans | Financial assets at amortised cost | ||
Disclosure of nature and extent of risks arising from financial instruments [line items] | ||
Total financial assets | £ 136,940 | £ 108,314 |
Coverage ratio | 0.60% | 0.70% |
Wholesale loans | Gross | Financial assets at amortised cost | ||
Disclosure of nature and extent of risks arising from financial instruments [line items] | ||
Total financial assets | £ 137,768 | £ 109,125 |
Wholesale loans | ECL | Financial assets at amortised cost | ||
Disclosure of nature and extent of risks arising from financial instruments [line items] | ||
Total financial assets | (828) | (811) |
Wholesale loans | Stage 1 | Financial assets at amortised cost | ||
Disclosure of nature and extent of risks arising from financial instruments [line items] | ||
Total financial assets | £ 122,561 | £ 95,059 |
Coverage ratio | 0.20% | 0.20% |
Wholesale loans | Stage 1 | Gross | Financial assets at amortised cost | ||
Disclosure of nature and extent of risks arising from financial instruments [line items] | ||
Total financial assets | £ 122,849 | £ 95,242 |
Wholesale loans | Stage 1 | ECL | Financial assets at amortised cost | ||
Disclosure of nature and extent of risks arising from financial instruments [line items] | ||
Total financial assets | (288) | (183) |
Wholesale loans | Lifetime expected credit losses | Stage 2 | Financial assets at amortised cost | ||
Disclosure of nature and extent of risks arising from financial instruments [line items] | ||
Total financial assets | £ 13,739 | £ 12,769 |
Coverage ratio | 1.90% | 1.50% |
Wholesale loans | Lifetime expected credit losses | Stage 3 | Financial assets at amortised cost | ||
Disclosure of nature and extent of risks arising from financial instruments [line items] | ||
Total financial assets | £ 640 | £ 486 |
Coverage ratio | 30.30% | 47.20% |
Wholesale loans | Lifetime expected credit losses | Gross | Stage 2 | Financial assets at amortised cost | ||
Disclosure of nature and extent of risks arising from financial instruments [line items] | ||
Total financial assets | £ 14,001 | £ 12,962 |
Wholesale loans | Lifetime expected credit losses | Gross | Stage 3 | Financial assets at amortised cost | ||
Disclosure of nature and extent of risks arising from financial instruments [line items] | ||
Total financial assets | 918 | 921 |
Wholesale loans | Lifetime expected credit losses | ECL | Stage 2 | Financial assets at amortised cost | ||
Disclosure of nature and extent of risks arising from financial instruments [line items] | ||
Total financial assets | (262) | (193) |
Wholesale loans | Lifetime expected credit losses | ECL | Stage 3 | Financial assets at amortised cost | ||
Disclosure of nature and extent of risks arising from financial instruments [line items] | ||
Total financial assets | (278) | (435) |
Credit risk | Loans and advances | ECL | Financial assets at amortised cost | Total weighted model ECL | ||
Disclosure of nature and extent of risks arising from financial instruments [line items] | ||
Total financial assets | (3,658) | (2,318) |
Credit risk | Home loans | ECL | ||
Disclosure of nature and extent of risks arising from financial instruments [line items] | ||
Total financial assets | (346) | |
Credit risk | Home loans | ECL | Financial assets at amortised cost | Total weighted model ECL | ||
Disclosure of nature and extent of risks arising from financial instruments [line items] | ||
Total financial assets | £ (346) | £ (311) |
Credit risk | Home loans | Stage 1 | Financial assets at amortised cost | Total weighted model ECL | ||
Disclosure of nature and extent of risks arising from financial instruments [line items] | ||
Coverage ratio | 0.10% | 0.10% |
Credit risk | Home loans | Stage 1 | Gross | Financial assets at amortised cost | Total weighted model ECL | ||
Disclosure of nature and extent of risks arising from financial instruments [line items] | ||
Total financial assets | £ 3,622 | £ 3,905 |
Credit risk | Home loans | Stage 1 | ECL | Financial assets at amortised cost | Total weighted model ECL | ||
Disclosure of nature and extent of risks arising from financial instruments [line items] | ||
Total financial assets | £ (3) | £ (2) |
Credit risk | Home loans | Lifetime expected credit losses | Stage 2 | Financial assets at amortised cost | Total weighted model ECL | ||
Disclosure of nature and extent of risks arising from financial instruments [line items] | ||
Coverage ratio | 9.50% | 5.30% |
Credit risk | Home loans | Lifetime expected credit losses | Stage 3 | Financial assets at amortised cost | Total weighted model ECL | ||
Disclosure of nature and extent of risks arising from financial instruments [line items] | ||
Coverage ratio | 54.70% | 48.70% |
Credit risk | Home loans | Lifetime expected credit losses | Gross | Stage 2 | Financial assets at amortised cost | Total weighted model ECL | ||
Disclosure of nature and extent of risks arising from financial instruments [line items] | ||
Total financial assets | £ 252 | £ 228 |
Credit risk | Home loans | Lifetime expected credit losses | Gross | Stage 3 | Financial assets at amortised cost | Total weighted model ECL | ||
Disclosure of nature and extent of risks arising from financial instruments [line items] | ||
Total financial assets | 583 | 610 |
Credit risk | Home loans | Lifetime expected credit losses | ECL | Stage 2 | Financial assets at amortised cost | Total weighted model ECL | ||
Disclosure of nature and extent of risks arising from financial instruments [line items] | ||
Total financial assets | (24) | (12) |
Credit risk | Home loans | Lifetime expected credit losses | ECL | Stage 3 | Financial assets at amortised cost | Total weighted model ECL | ||
Disclosure of nature and extent of risks arising from financial instruments [line items] | ||
Total financial assets | (319) | (297) |
Credit risk | Credit cards, unsecured loans and other retail lending | ECL | ||
Disclosure of nature and extent of risks arising from financial instruments [line items] | ||
Total financial assets | (2,504) | |
Credit risk | Credit cards, unsecured loans and other retail lending | ECL | Financial assets at amortised cost | Total weighted model ECL | ||
Disclosure of nature and extent of risks arising from financial instruments [line items] | ||
Total financial assets | £ (2,504) | £ (1,282) |
Credit risk | Credit cards, unsecured loans and other retail lending | Stage 1 | Financial assets at amortised cost | Total weighted model ECL | ||
Disclosure of nature and extent of risks arising from financial instruments [line items] | ||
Coverage ratio | 0.80% | 0.70% |
Credit risk | Credit cards, unsecured loans and other retail lending | Stage 1 | Gross | Financial assets at amortised cost | Total weighted model ECL | ||
Disclosure of nature and extent of risks arising from financial instruments [line items] | ||
Total financial assets | £ 55,016 | £ 30,282 |
Credit risk | Credit cards, unsecured loans and other retail lending | Stage 1 | ECL | Financial assets at amortised cost | Total weighted model ECL | ||
Disclosure of nature and extent of risks arising from financial instruments [line items] | ||
Total financial assets | £ (436) | £ (221) |
Credit risk | Credit cards, unsecured loans and other retail lending | Lifetime expected credit losses | Stage 2 | Financial assets at amortised cost | Total weighted model ECL | ||
Disclosure of nature and extent of risks arising from financial instruments [line items] | ||
Coverage ratio | 24.10% | 15.90% |
Credit risk | Credit cards, unsecured loans and other retail lending | Lifetime expected credit losses | Stage 3 | Financial assets at amortised cost | Total weighted model ECL | ||
Disclosure of nature and extent of risks arising from financial instruments [line items] | ||
Coverage ratio | 75% | 67.70% |
Credit risk | Credit cards, unsecured loans and other retail lending | Lifetime expected credit losses | Gross | Stage 2 | Financial assets at amortised cost | Total weighted model ECL | ||
Disclosure of nature and extent of risks arising from financial instruments [line items] | ||
Total financial assets | £ 4,865 | £ 2,291 |
Credit risk | Credit cards, unsecured loans and other retail lending | Lifetime expected credit losses | Gross | Stage 3 | Financial assets at amortised cost | Total weighted model ECL | ||
Disclosure of nature and extent of risks arising from financial instruments [line items] | ||
Total financial assets | 1,194 | 1,028 |
Credit risk | Credit cards, unsecured loans and other retail lending | Lifetime expected credit losses | ECL | Stage 2 | Financial assets at amortised cost | Total weighted model ECL | ||
Disclosure of nature and extent of risks arising from financial instruments [line items] | ||
Total financial assets | (1,173) | (365) |
Credit risk | Credit cards, unsecured loans and other retail lending | Lifetime expected credit losses | ECL | Stage 3 | Financial assets at amortised cost | Total weighted model ECL | ||
Disclosure of nature and extent of risks arising from financial instruments [line items] | ||
Total financial assets | (895) | (696) |
Credit risk | Wholesale loans | ECL | ||
Disclosure of nature and extent of risks arising from financial instruments [line items] | ||
Total financial assets | (808) | |
Credit risk | Wholesale loans | ECL | Financial assets at amortised cost | Total weighted model ECL | ||
Disclosure of nature and extent of risks arising from financial instruments [line items] | ||
Total financial assets | £ (808) | £ (725) |
Credit risk | Wholesale loans | Stage 1 | Financial assets at amortised cost | Total weighted model ECL | ||
Disclosure of nature and extent of risks arising from financial instruments [line items] | ||
Coverage ratio | 0.20% | 0.20% |
Credit risk | Wholesale loans | Stage 1 | Gross | Financial assets at amortised cost | Total weighted model ECL | ||
Disclosure of nature and extent of risks arising from financial instruments [line items] | ||
Total financial assets | £ 167,476 | £ 142,804 |
Credit risk | Wholesale loans | Stage 1 | ECL | Financial assets at amortised cost | Total weighted model ECL | ||
Disclosure of nature and extent of risks arising from financial instruments [line items] | ||
Total financial assets | £ (287) | £ (219) |
Credit risk | Wholesale loans | Lifetime expected credit losses | Stage 2 | Financial assets at amortised cost | Total weighted model ECL | ||
Disclosure of nature and extent of risks arising from financial instruments [line items] | ||
Coverage ratio | 2.80% | 1.70% |
Credit risk | Wholesale loans | Lifetime expected credit losses | Stage 3 | Financial assets at amortised cost | Total weighted model ECL | ||
Disclosure of nature and extent of risks arising from financial instruments [line items] | ||
Coverage ratio | 0% | 0% |
Credit risk | Wholesale loans | Lifetime expected credit losses | Gross | Stage 2 | Financial assets at amortised cost | Total weighted model ECL | ||
Disclosure of nature and extent of risks arising from financial instruments [line items] | ||
Total financial assets | £ 18,850 | £ 29,124 |
Credit risk | Wholesale loans | Lifetime expected credit losses | Gross | Stage 3 | Financial assets at amortised cost | Total weighted model ECL | ||
Disclosure of nature and extent of risks arising from financial instruments [line items] | ||
Total financial assets | 0 | 0 |
Credit risk | Wholesale loans | Lifetime expected credit losses | ECL | Stage 2 | Financial assets at amortised cost | Total weighted model ECL | ||
Disclosure of nature and extent of risks arising from financial instruments [line items] | ||
Total financial assets | (521) | (506) |
Credit risk | Wholesale loans | Lifetime expected credit losses | ECL | Stage 3 | Financial assets at amortised cost | Total weighted model ECL | ||
Disclosure of nature and extent of risks arising from financial instruments [line items] | ||
Total financial assets | 0 | 0 |
Upside 2 | Loans and advances | ECL | Financial assets at amortised cost | Total weighted model ECL | ||
Disclosure of nature and extent of risks arising from financial instruments [line items] | ||
Total financial assets | (3,234) | (1,992) |
Upside 2 | Home loans | ECL | Financial assets at amortised cost | Total weighted model ECL | ||
Disclosure of nature and extent of risks arising from financial instruments [line items] | ||
Total financial assets | £ (325) | £ (302) |
Upside 2 | Home loans | Stage 1 | Financial assets at amortised cost | Total weighted model ECL | ||
Disclosure of nature and extent of risks arising from financial instruments [line items] | ||
Coverage ratio | 0.10% | 0.10% |
Upside 2 | Home loans | Stage 1 | Gross | Financial assets at amortised cost | Total weighted model ECL | ||
Disclosure of nature and extent of risks arising from financial instruments [line items] | ||
Total financial assets | £ 3,652 | £ 3,915 |
Upside 2 | Home loans | Stage 1 | ECL | Financial assets at amortised cost | Total weighted model ECL | ||
Disclosure of nature and extent of risks arising from financial instruments [line items] | ||
Total financial assets | £ (3) | £ (2) |
Upside 2 | Home loans | Lifetime expected credit losses | Stage 2 | Financial assets at amortised cost | Total weighted model ECL | ||
Disclosure of nature and extent of risks arising from financial instruments [line items] | ||
Coverage ratio | 6.30% | 4.60% |
Upside 2 | Home loans | Lifetime expected credit losses | Stage 3 | Financial assets at amortised cost | Total weighted model ECL | ||
Disclosure of nature and extent of risks arising from financial instruments [line items] | ||
Coverage ratio | 52.80% | 47.50% |
Upside 2 | Home loans | Lifetime expected credit losses | Gross | Stage 2 | Financial assets at amortised cost | Total weighted model ECL | ||
Disclosure of nature and extent of risks arising from financial instruments [line items] | ||
Total financial assets | £ 223 | £ 219 |
Upside 2 | Home loans | Lifetime expected credit losses | Gross | Stage 3 | Financial assets at amortised cost | Total weighted model ECL | ||
Disclosure of nature and extent of risks arising from financial instruments [line items] | ||
Total financial assets | 583 | 610 |
Upside 2 | Home loans | Lifetime expected credit losses | ECL | Stage 2 | Financial assets at amortised cost | Total weighted model ECL | ||
Disclosure of nature and extent of risks arising from financial instruments [line items] | ||
Total financial assets | (14) | (10) |
Upside 2 | Home loans | Lifetime expected credit losses | ECL | Stage 3 | Financial assets at amortised cost | Total weighted model ECL | ||
Disclosure of nature and extent of risks arising from financial instruments [line items] | ||
Total financial assets | (308) | (290) |
Upside 2 | Credit cards, unsecured loans and other retail lending | ECL | Financial assets at amortised cost | Total weighted model ECL | ||
Disclosure of nature and extent of risks arising from financial instruments [line items] | ||
Total financial assets | £ (2,329) | £ (1,106) |
Upside 2 | Credit cards, unsecured loans and other retail lending | Stage 1 | Financial assets at amortised cost | Total weighted model ECL | ||
Disclosure of nature and extent of risks arising from financial instruments [line items] | ||
Coverage ratio | 0.80% | 0.60% |
Upside 2 | Credit cards, unsecured loans and other retail lending | Stage 1 | Gross | Financial assets at amortised cost | Total weighted model ECL | ||
Disclosure of nature and extent of risks arising from financial instruments [line items] | ||
Total financial assets | £ 54,797 | £ 27,945 |
Upside 2 | Credit cards, unsecured loans and other retail lending | Stage 1 | ECL | Financial assets at amortised cost | Total weighted model ECL | ||
Disclosure of nature and extent of risks arising from financial instruments [line items] | ||
Total financial assets | £ (415) | £ (157) |
Upside 2 | Credit cards, unsecured loans and other retail lending | Lifetime expected credit losses | Stage 2 | Financial assets at amortised cost | Total weighted model ECL | ||
Disclosure of nature and extent of risks arising from financial instruments [line items] | ||
Coverage ratio | 23.50% | 14.90% |
Upside 2 | Credit cards, unsecured loans and other retail lending | Lifetime expected credit losses | Stage 3 | Financial assets at amortised cost | Total weighted model ECL | ||
Disclosure of nature and extent of risks arising from financial instruments [line items] | ||
Coverage ratio | 73.50% | 66.60% |
Upside 2 | Credit cards, unsecured loans and other retail lending | Lifetime expected credit losses | Gross | Stage 2 | Financial assets at amortised cost | Total weighted model ECL | ||
Disclosure of nature and extent of risks arising from financial instruments [line items] | ||
Total financial assets | £ 4,411 | £ 1,771 |
Upside 2 | Credit cards, unsecured loans and other retail lending | Lifetime expected credit losses | Gross | Stage 3 | Financial assets at amortised cost | Total weighted model ECL | ||
Disclosure of nature and extent of risks arising from financial instruments [line items] | ||
Total financial assets | 1,194 | 1,028 |
Upside 2 | Credit cards, unsecured loans and other retail lending | Lifetime expected credit losses | ECL | Stage 2 | Financial assets at amortised cost | Total weighted model ECL | ||
Disclosure of nature and extent of risks arising from financial instruments [line items] | ||
Total financial assets | (1,037) | (264) |
Upside 2 | Credit cards, unsecured loans and other retail lending | Lifetime expected credit losses | ECL | Stage 3 | Financial assets at amortised cost | Total weighted model ECL | ||
Disclosure of nature and extent of risks arising from financial instruments [line items] | ||
Total financial assets | (877) | (685) |
Upside 2 | Wholesale loans | ECL | Financial assets at amortised cost | Total weighted model ECL | ||
Disclosure of nature and extent of risks arising from financial instruments [line items] | ||
Total financial assets | £ (580) | £ (584) |
Upside 2 | Wholesale loans | Stage 1 | Financial assets at amortised cost | Total weighted model ECL | ||
Disclosure of nature and extent of risks arising from financial instruments [line items] | ||
Coverage ratio | 0.10% | 0.10% |
Upside 2 | Wholesale loans | Stage 1 | Gross | Financial assets at amortised cost | Total weighted model ECL | ||
Disclosure of nature and extent of risks arising from financial instruments [line items] | ||
Total financial assets | £ 171,642 | £ 145,097 |
Upside 2 | Wholesale loans | Stage 1 | ECL | Financial assets at amortised cost | Total weighted model ECL | ||
Disclosure of nature and extent of risks arising from financial instruments [line items] | ||
Total financial assets | £ (220) | £ (189) |
Upside 2 | Wholesale loans | Lifetime expected credit losses | Stage 2 | Financial assets at amortised cost | Total weighted model ECL | ||
Disclosure of nature and extent of risks arising from financial instruments [line items] | ||
Coverage ratio | 2.50% | 1.50% |
Upside 2 | Wholesale loans | Lifetime expected credit losses | Stage 3 | Financial assets at amortised cost | Total weighted model ECL | ||
Disclosure of nature and extent of risks arising from financial instruments [line items] | ||
Coverage ratio | 0% | 0% |
Upside 2 | Wholesale loans | Lifetime expected credit losses | Gross | Stage 2 | Financial assets at amortised cost | Total weighted model ECL | ||
Disclosure of nature and extent of risks arising from financial instruments [line items] | ||
Total financial assets | £ 14,684 | £ 26,831 |
Upside 2 | Wholesale loans | Lifetime expected credit losses | Gross | Stage 3 | Financial assets at amortised cost | Total weighted model ECL | ||
Disclosure of nature and extent of risks arising from financial instruments [line items] | ||
Total financial assets | 0 | 0 |
Upside 2 | Wholesale loans | Lifetime expected credit losses | ECL | Stage 2 | Financial assets at amortised cost | Total weighted model ECL | ||
Disclosure of nature and extent of risks arising from financial instruments [line items] | ||
Total financial assets | (360) | (395) |
Upside 2 | Wholesale loans | Lifetime expected credit losses | ECL | Stage 3 | Financial assets at amortised cost | Total weighted model ECL | ||
Disclosure of nature and extent of risks arising from financial instruments [line items] | ||
Total financial assets | 0 | 0 |
Upside 1 | Loans and advances | ECL | Financial assets at amortised cost | Total weighted model ECL | ||
Disclosure of nature and extent of risks arising from financial instruments [line items] | ||
Total financial assets | (3,406) | (2,073) |
Upside 1 | Home loans | ECL | Financial assets at amortised cost | Total weighted model ECL | ||
Disclosure of nature and extent of risks arising from financial instruments [line items] | ||
Total financial assets | £ (334) | £ (304) |
Upside 1 | Home loans | Stage 1 | Financial assets at amortised cost | Total weighted model ECL | ||
Disclosure of nature and extent of risks arising from financial instruments [line items] | ||
Coverage ratio | 0.10% | 0.10% |
Upside 1 | Home loans | Stage 1 | Gross | Financial assets at amortised cost | Total weighted model ECL | ||
Disclosure of nature and extent of risks arising from financial instruments [line items] | ||
Total financial assets | £ 3,642 | £ 3,911 |
Upside 1 | Home loans | Stage 1 | ECL | Financial assets at amortised cost | Total weighted model ECL | ||
Disclosure of nature and extent of risks arising from financial instruments [line items] | ||
Total financial assets | £ (3) | £ (2) |
Upside 1 | Home loans | Lifetime expected credit losses | Stage 2 | Financial assets at amortised cost | Total weighted model ECL | ||
Disclosure of nature and extent of risks arising from financial instruments [line items] | ||
Coverage ratio | 7.70% | 4.50% |
Upside 1 | Home loans | Lifetime expected credit losses | Stage 3 | Financial assets at amortised cost | Total weighted model ECL | ||
Disclosure of nature and extent of risks arising from financial instruments [line items] | ||
Coverage ratio | 53.70% | 47.90% |
Upside 1 | Home loans | Lifetime expected credit losses | Gross | Stage 2 | Financial assets at amortised cost | Total weighted model ECL | ||
Disclosure of nature and extent of risks arising from financial instruments [line items] | ||
Total financial assets | £ 233 | £ 222 |
Upside 1 | Home loans | Lifetime expected credit losses | Gross | Stage 3 | Financial assets at amortised cost | Total weighted model ECL | ||
Disclosure of nature and extent of risks arising from financial instruments [line items] | ||
Total financial assets | 583 | 610 |
Upside 1 | Home loans | Lifetime expected credit losses | ECL | Stage 2 | Financial assets at amortised cost | Total weighted model ECL | ||
Disclosure of nature and extent of risks arising from financial instruments [line items] | ||
Total financial assets | (18) | (10) |
Upside 1 | Home loans | Lifetime expected credit losses | ECL | Stage 3 | Financial assets at amortised cost | Total weighted model ECL | ||
Disclosure of nature and extent of risks arising from financial instruments [line items] | ||
Total financial assets | (313) | (292) |
Upside 1 | Credit cards, unsecured loans and other retail lending | ECL | Financial assets at amortised cost | Total weighted model ECL | ||
Disclosure of nature and extent of risks arising from financial instruments [line items] | ||
Total financial assets | £ (2,418) | £ (1,149) |
Upside 1 | Credit cards, unsecured loans and other retail lending | Stage 1 | Financial assets at amortised cost | Total weighted model ECL | ||
Disclosure of nature and extent of risks arising from financial instruments [line items] | ||
Coverage ratio | 0.80% | 0.60% |
Upside 1 | Credit cards, unsecured loans and other retail lending | Stage 1 | Gross | Financial assets at amortised cost | Total weighted model ECL | ||
Disclosure of nature and extent of risks arising from financial instruments [line items] | ||
Total financial assets | £ 54,789 | £ 29,092 |
Upside 1 | Credit cards, unsecured loans and other retail lending | Stage 1 | ECL | Financial assets at amortised cost | Total weighted model ECL | ||
Disclosure of nature and extent of risks arising from financial instruments [line items] | ||
Total financial assets | £ (427) | £ (164) |
Upside 1 | Credit cards, unsecured loans and other retail lending | Lifetime expected credit losses | Stage 2 | Financial assets at amortised cost | Total weighted model ECL | ||
Disclosure of nature and extent of risks arising from financial instruments [line items] | ||
Coverage ratio | 23.40% | 15.40% |
Upside 1 | Credit cards, unsecured loans and other retail lending | Lifetime expected credit losses | Stage 3 | Financial assets at amortised cost | Total weighted model ECL | ||
Disclosure of nature and extent of risks arising from financial instruments [line items] | ||
Coverage ratio | 74.20% | 67.10% |
Upside 1 | Credit cards, unsecured loans and other retail lending | Lifetime expected credit losses | Gross | Stage 2 | Financial assets at amortised cost | Total weighted model ECL | ||
Disclosure of nature and extent of risks arising from financial instruments [line items] | ||
Total financial assets | £ 4,713 | £ 1,919 |
Upside 1 | Credit cards, unsecured loans and other retail lending | Lifetime expected credit losses | Gross | Stage 3 | Financial assets at amortised cost | Total weighted model ECL | ||
Disclosure of nature and extent of risks arising from financial instruments [line items] | ||
Total financial assets | 1,194 | 1,028 |
Upside 1 | Credit cards, unsecured loans and other retail lending | Lifetime expected credit losses | ECL | Stage 2 | Financial assets at amortised cost | Total weighted model ECL | ||
Disclosure of nature and extent of risks arising from financial instruments [line items] | ||
Total financial assets | (1,105) | (295) |
Upside 1 | Credit cards, unsecured loans and other retail lending | Lifetime expected credit losses | ECL | Stage 3 | Financial assets at amortised cost | Total weighted model ECL | ||
Disclosure of nature and extent of risks arising from financial instruments [line items] | ||
Total financial assets | (886) | (690) |
Upside 1 | Wholesale loans | ECL | Financial assets at amortised cost | Total weighted model ECL | ||
Disclosure of nature and extent of risks arising from financial instruments [line items] | ||
Total financial assets | £ (654) | £ (620) |
Upside 1 | Wholesale loans | Stage 1 | Financial assets at amortised cost | Total weighted model ECL | ||
Disclosure of nature and extent of risks arising from financial instruments [line items] | ||
Coverage ratio | 0.10% | 0.10% |
Upside 1 | Wholesale loans | Stage 1 | Gross | Financial assets at amortised cost | Total weighted model ECL | ||
Disclosure of nature and extent of risks arising from financial instruments [line items] | ||
Total financial assets | £ 170,664 | £ 144,688 |
Upside 1 | Wholesale loans | Stage 1 | ECL | Financial assets at amortised cost | Total weighted model ECL | ||
Disclosure of nature and extent of risks arising from financial instruments [line items] | ||
Total financial assets | £ (243) | £ (200) |
Upside 1 | Wholesale loans | Lifetime expected credit losses | Stage 2 | Financial assets at amortised cost | Total weighted model ECL | ||
Disclosure of nature and extent of risks arising from financial instruments [line items] | ||
Coverage ratio | 2.60% | 1.50% |
Upside 1 | Wholesale loans | Lifetime expected credit losses | Stage 3 | Financial assets at amortised cost | Total weighted model ECL | ||
Disclosure of nature and extent of risks arising from financial instruments [line items] | ||
Coverage ratio | 0% | 0% |
Upside 1 | Wholesale loans | Lifetime expected credit losses | Gross | Stage 2 | Financial assets at amortised cost | Total weighted model ECL | ||
Disclosure of nature and extent of risks arising from financial instruments [line items] | ||
Total financial assets | £ 15,662 | £ 27,240 |
Upside 1 | Wholesale loans | Lifetime expected credit losses | Gross | Stage 3 | Financial assets at amortised cost | Total weighted model ECL | ||
Disclosure of nature and extent of risks arising from financial instruments [line items] | ||
Total financial assets | 0 | 0 |
Upside 1 | Wholesale loans | Lifetime expected credit losses | ECL | Stage 2 | Financial assets at amortised cost | Total weighted model ECL | ||
Disclosure of nature and extent of risks arising from financial instruments [line items] | ||
Total financial assets | (411) | (420) |
Upside 1 | Wholesale loans | Lifetime expected credit losses | ECL | Stage 3 | Financial assets at amortised cost | Total weighted model ECL | ||
Disclosure of nature and extent of risks arising from financial instruments [line items] | ||
Total financial assets | 0 | 0 |
Baseline | Loans and advances | ECL | Financial assets at amortised cost | Total weighted model ECL | ||
Disclosure of nature and extent of risks arising from financial instruments [line items] | ||
Total financial assets | (3,603) | (2,189) |
Baseline | Home loans | ECL | ||
Disclosure of nature and extent of risks arising from financial instruments [line items] | ||
Total financial assets | (342) | |
Baseline | Home loans | ECL | Financial assets at amortised cost | Total weighted model ECL | ||
Disclosure of nature and extent of risks arising from financial instruments [line items] | ||
Total financial assets | £ (342) | £ (309) |
Baseline | Home loans | Stage 1 | Financial assets at amortised cost | Total weighted model ECL | ||
Disclosure of nature and extent of risks arising from financial instruments [line items] | ||
Coverage ratio | 0.10% | 0.10% |
Baseline | Home loans | Stage 1 | Gross | Financial assets at amortised cost | Total weighted model ECL | ||
Disclosure of nature and extent of risks arising from financial instruments [line items] | ||
Total financial assets | £ 3,627 | £ 3,906 |
Baseline | Home loans | Stage 1 | ECL | Financial assets at amortised cost | Total weighted model ECL | ||
Disclosure of nature and extent of risks arising from financial instruments [line items] | ||
Total financial assets | £ (3) | £ (2) |
Baseline | Home loans | Lifetime expected credit losses | Stage 2 | Financial assets at amortised cost | Total weighted model ECL | ||
Disclosure of nature and extent of risks arising from financial instruments [line items] | ||
Coverage ratio | 8.90% | 4.80% |
Baseline | Home loans | Lifetime expected credit losses | Stage 3 | Financial assets at amortised cost | Total weighted model ECL | ||
Disclosure of nature and extent of risks arising from financial instruments [line items] | ||
Coverage ratio | 54.40% | 48.50% |
Baseline | Home loans | Lifetime expected credit losses | Gross | Stage 2 | Financial assets at amortised cost | Total weighted model ECL | ||
Disclosure of nature and extent of risks arising from financial instruments [line items] | ||
Total financial assets | £ 248 | £ 227 |
Baseline | Home loans | Lifetime expected credit losses | Gross | Stage 3 | Financial assets at amortised cost | Total weighted model ECL | ||
Disclosure of nature and extent of risks arising from financial instruments [line items] | ||
Total financial assets | 583 | 610 |
Baseline | Home loans | Lifetime expected credit losses | ECL | Stage 2 | Financial assets at amortised cost | Total weighted model ECL | ||
Disclosure of nature and extent of risks arising from financial instruments [line items] | ||
Total financial assets | (22) | (11) |
Baseline | Home loans | Lifetime expected credit losses | ECL | Stage 3 | Financial assets at amortised cost | Total weighted model ECL | ||
Disclosure of nature and extent of risks arising from financial instruments [line items] | ||
Total financial assets | (317) | (296) |
Baseline | Credit cards, unsecured loans and other retail lending | ECL | ||
Disclosure of nature and extent of risks arising from financial instruments [line items] | ||
Total financial assets | (2,506) | |
Baseline | Credit cards, unsecured loans and other retail lending | ECL | Financial assets at amortised cost | Total weighted model ECL | ||
Disclosure of nature and extent of risks arising from financial instruments [line items] | ||
Total financial assets | £ (2,506) | £ (1,202) |
Baseline | Credit cards, unsecured loans and other retail lending | Stage 1 | Financial assets at amortised cost | Total weighted model ECL | ||
Disclosure of nature and extent of risks arising from financial instruments [line items] | ||
Coverage ratio | 0.80% | 0.60% |
Baseline | Credit cards, unsecured loans and other retail lending | Stage 1 | Gross | Financial assets at amortised cost | Total weighted model ECL | ||
Disclosure of nature and extent of risks arising from financial instruments [line items] | ||
Total financial assets | £ 54,855 | £ 30,271 |
Baseline | Credit cards, unsecured loans and other retail lending | Stage 1 | ECL | Financial assets at amortised cost | Total weighted model ECL | ||
Disclosure of nature and extent of risks arising from financial instruments [line items] | ||
Total financial assets | £ (438) | £ (173) |
Baseline | Credit cards, unsecured loans and other retail lending | Lifetime expected credit losses | Stage 2 | Financial assets at amortised cost | Total weighted model ECL | ||
Disclosure of nature and extent of risks arising from financial instruments [line items] | ||
Coverage ratio | 23.50% | 16% |
Baseline | Credit cards, unsecured loans and other retail lending | Lifetime expected credit losses | Stage 3 | Financial assets at amortised cost | Total weighted model ECL | ||
Disclosure of nature and extent of risks arising from financial instruments [line items] | ||
Coverage ratio | 75% | 67.70% |
Baseline | Credit cards, unsecured loans and other retail lending | Lifetime expected credit losses | Gross | Stage 2 | Financial assets at amortised cost | Total weighted model ECL | ||
Disclosure of nature and extent of risks arising from financial instruments [line items] | ||
Total financial assets | £ 4,996 | £ 2,082 |
Baseline | Credit cards, unsecured loans and other retail lending | Lifetime expected credit losses | Gross | Stage 3 | Financial assets at amortised cost | Total weighted model ECL | ||
Disclosure of nature and extent of risks arising from financial instruments [line items] | ||
Total financial assets | 1,194 | 1,028 |
Baseline | Credit cards, unsecured loans and other retail lending | Lifetime expected credit losses | ECL | Stage 2 | Financial assets at amortised cost | Total weighted model ECL | ||
Disclosure of nature and extent of risks arising from financial instruments [line items] | ||
Total financial assets | (1,173) | (333) |
Baseline | Credit cards, unsecured loans and other retail lending | Lifetime expected credit losses | ECL | Stage 3 | Financial assets at amortised cost | Total weighted model ECL | ||
Disclosure of nature and extent of risks arising from financial instruments [line items] | ||
Total financial assets | (895) | (696) |
Baseline | Wholesale loans | ECL | ||
Disclosure of nature and extent of risks arising from financial instruments [line items] | ||
Total financial assets | (755) | |
Baseline | Wholesale loans | ECL | Financial assets at amortised cost | Total weighted model ECL | ||
Disclosure of nature and extent of risks arising from financial instruments [line items] | ||
Total financial assets | £ (755) | £ (678) |
Baseline | Wholesale loans | Stage 1 | Financial assets at amortised cost | Total weighted model ECL | ||
Disclosure of nature and extent of risks arising from financial instruments [line items] | ||
Coverage ratio | 0.20% | 0.20% |
Baseline | Wholesale loans | Stage 1 | Gross | Financial assets at amortised cost | Total weighted model ECL | ||
Disclosure of nature and extent of risks arising from financial instruments [line items] | ||
Total financial assets | £ 169,325 | £ 143,967 |
Baseline | Wholesale loans | Stage 1 | ECL | Financial assets at amortised cost | Total weighted model ECL | ||
Disclosure of nature and extent of risks arising from financial instruments [line items] | ||
Total financial assets | £ (273) | £ (216) |
Baseline | Wholesale loans | Lifetime expected credit losses | Stage 2 | Financial assets at amortised cost | Total weighted model ECL | ||
Disclosure of nature and extent of risks arising from financial instruments [line items] | ||
Coverage ratio | 2.80% | 1.70% |
Baseline | Wholesale loans | Lifetime expected credit losses | Stage 3 | Financial assets at amortised cost | Total weighted model ECL | ||
Disclosure of nature and extent of risks arising from financial instruments [line items] | ||
Coverage ratio | 0% | 0% |
Baseline | Wholesale loans | Lifetime expected credit losses | Gross | Stage 2 | Financial assets at amortised cost | Total weighted model ECL | ||
Disclosure of nature and extent of risks arising from financial instruments [line items] | ||
Total financial assets | £ 17,001 | £ 27,961 |
Baseline | Wholesale loans | Lifetime expected credit losses | Gross | Stage 3 | Financial assets at amortised cost | Total weighted model ECL | ||
Disclosure of nature and extent of risks arising from financial instruments [line items] | ||
Total financial assets | 0 | 0 |
Baseline | Wholesale loans | Lifetime expected credit losses | ECL | Stage 2 | Financial assets at amortised cost | Total weighted model ECL | ||
Disclosure of nature and extent of risks arising from financial instruments [line items] | ||
Total financial assets | (482) | (462) |
Baseline | Wholesale loans | Lifetime expected credit losses | ECL | Stage 3 | Financial assets at amortised cost | Total weighted model ECL | ||
Disclosure of nature and extent of risks arising from financial instruments [line items] | ||
Total financial assets | 0 | 0 |
Downside 1 | Loans and advances | ECL | Financial assets at amortised cost | Total weighted model ECL | ||
Disclosure of nature and extent of risks arising from financial instruments [line items] | ||
Total financial assets | (4,005) | (2,856) |
Downside 1 | Home loans | ECL | Financial assets at amortised cost | Total weighted model ECL | ||
Disclosure of nature and extent of risks arising from financial instruments [line items] | ||
Total financial assets | £ (365) | £ (331) |
Downside 1 | Home loans | Stage 1 | Financial assets at amortised cost | Total weighted model ECL | ||
Disclosure of nature and extent of risks arising from financial instruments [line items] | ||
Coverage ratio | 0.10% | 0.10% |
Downside 1 | Home loans | Stage 1 | Gross | Financial assets at amortised cost | Total weighted model ECL | ||
Disclosure of nature and extent of risks arising from financial instruments [line items] | ||
Total financial assets | £ 3,593 | £ 3,885 |
Downside 1 | Home loans | Stage 1 | ECL | Financial assets at amortised cost | Total weighted model ECL | ||
Disclosure of nature and extent of risks arising from financial instruments [line items] | ||
Total financial assets | £ (3) | £ (3) |
Downside 1 | Home loans | Lifetime expected credit losses | Stage 2 | Financial assets at amortised cost | Total weighted model ECL | ||
Disclosure of nature and extent of risks arising from financial instruments [line items] | ||
Coverage ratio | 12.10% | 7.20% |
Downside 1 | Home loans | Lifetime expected credit losses | Stage 3 | Financial assets at amortised cost | Total weighted model ECL | ||
Disclosure of nature and extent of risks arising from financial instruments [line items] | ||
Coverage ratio | 56.30% | 50.80% |
Downside 1 | Home loans | Lifetime expected credit losses | Gross | Stage 2 | Financial assets at amortised cost | Total weighted model ECL | ||
Disclosure of nature and extent of risks arising from financial instruments [line items] | ||
Total financial assets | £ 281 | £ 249 |
Downside 1 | Home loans | Lifetime expected credit losses | Gross | Stage 3 | Financial assets at amortised cost | Total weighted model ECL | ||
Disclosure of nature and extent of risks arising from financial instruments [line items] | ||
Total financial assets | 583 | 610 |
Downside 1 | Home loans | Lifetime expected credit losses | ECL | Stage 2 | Financial assets at amortised cost | Total weighted model ECL | ||
Disclosure of nature and extent of risks arising from financial instruments [line items] | ||
Total financial assets | (34) | (18) |
Downside 1 | Home loans | Lifetime expected credit losses | ECL | Stage 3 | Financial assets at amortised cost | Total weighted model ECL | ||
Disclosure of nature and extent of risks arising from financial instruments [line items] | ||
Total financial assets | (328) | (310) |
Downside 1 | Credit cards, unsecured loans and other retail lending | ECL | Financial assets at amortised cost | Total weighted model ECL | ||
Disclosure of nature and extent of risks arising from financial instruments [line items] | ||
Total financial assets | £ (2,621) | £ (1,563) |
Downside 1 | Credit cards, unsecured loans and other retail lending | Stage 1 | Financial assets at amortised cost | Total weighted model ECL | ||
Disclosure of nature and extent of risks arising from financial instruments [line items] | ||
Coverage ratio | 0.80% | 0.80% |
Downside 1 | Credit cards, unsecured loans and other retail lending | Stage 1 | Gross | Financial assets at amortised cost | Total weighted model ECL | ||
Disclosure of nature and extent of risks arising from financial instruments [line items] | ||
Total financial assets | £ 55,062 | £ 32,013 |
Downside 1 | Credit cards, unsecured loans and other retail lending | Stage 1 | ECL | Financial assets at amortised cost | Total weighted model ECL | ||
Disclosure of nature and extent of risks arising from financial instruments [line items] | ||
Total financial assets | £ (445) | £ (254) |
Downside 1 | Credit cards, unsecured loans and other retail lending | Lifetime expected credit losses | Stage 2 | Financial assets at amortised cost | Total weighted model ECL | ||
Disclosure of nature and extent of risks arising from financial instruments [line items] | ||
Coverage ratio | 24.20% | 13.10% |
Downside 1 | Credit cards, unsecured loans and other retail lending | Lifetime expected credit losses | Stage 3 | Financial assets at amortised cost | Total weighted model ECL | ||
Disclosure of nature and extent of risks arising from financial instruments [line items] | ||
Coverage ratio | 76% | 69.10% |
Downside 1 | Credit cards, unsecured loans and other retail lending | Lifetime expected credit losses | Gross | Stage 2 | Financial assets at amortised cost | Total weighted model ECL | ||
Disclosure of nature and extent of risks arising from financial instruments [line items] | ||
Total financial assets | £ 5,250 | £ 4,586 |
Downside 1 | Credit cards, unsecured loans and other retail lending | Lifetime expected credit losses | Gross | Stage 3 | Financial assets at amortised cost | Total weighted model ECL | ||
Disclosure of nature and extent of risks arising from financial instruments [line items] | ||
Total financial assets | 1,194 | 1,028 |
Downside 1 | Credit cards, unsecured loans and other retail lending | Lifetime expected credit losses | ECL | Stage 2 | Financial assets at amortised cost | Total weighted model ECL | ||
Disclosure of nature and extent of risks arising from financial instruments [line items] | ||
Total financial assets | (1,269) | (599) |
Downside 1 | Credit cards, unsecured loans and other retail lending | Lifetime expected credit losses | ECL | Stage 3 | Financial assets at amortised cost | Total weighted model ECL | ||
Disclosure of nature and extent of risks arising from financial instruments [line items] | ||
Total financial assets | (907) | (710) |
Downside 1 | Wholesale loans | ECL | Financial assets at amortised cost | Total weighted model ECL | ||
Disclosure of nature and extent of risks arising from financial instruments [line items] | ||
Total financial assets | £ (1,019) | £ (962) |
Downside 1 | Wholesale loans | Stage 1 | Financial assets at amortised cost | Total weighted model ECL | ||
Disclosure of nature and extent of risks arising from financial instruments [line items] | ||
Coverage ratio | 0.20% | 0.20% |
Downside 1 | Wholesale loans | Stage 1 | Gross | Financial assets at amortised cost | Total weighted model ECL | ||
Disclosure of nature and extent of risks arising from financial instruments [line items] | ||
Total financial assets | £ 163,888 | £ 140,402 |
Downside 1 | Wholesale loans | Stage 1 | ECL | Financial assets at amortised cost | Total weighted model ECL | ||
Disclosure of nature and extent of risks arising from financial instruments [line items] | ||
Total financial assets | £ (337) | £ (250) |
Downside 1 | Wholesale loans | Lifetime expected credit losses | Stage 2 | Financial assets at amortised cost | Total weighted model ECL | ||
Disclosure of nature and extent of risks arising from financial instruments [line items] | ||
Coverage ratio | 3% | 2.30% |
Downside 1 | Wholesale loans | Lifetime expected credit losses | Stage 3 | Financial assets at amortised cost | Total weighted model ECL | ||
Disclosure of nature and extent of risks arising from financial instruments [line items] | ||
Coverage ratio | 0% | 0% |
Downside 1 | Wholesale loans | Lifetime expected credit losses | Gross | Stage 2 | Financial assets at amortised cost | Total weighted model ECL | ||
Disclosure of nature and extent of risks arising from financial instruments [line items] | ||
Total financial assets | £ 22,438 | £ 31,525 |
Downside 1 | Wholesale loans | Lifetime expected credit losses | Gross | Stage 3 | Financial assets at amortised cost | Total weighted model ECL | ||
Disclosure of nature and extent of risks arising from financial instruments [line items] | ||
Total financial assets | 0 | 0 |
Downside 1 | Wholesale loans | Lifetime expected credit losses | ECL | Stage 2 | Financial assets at amortised cost | Total weighted model ECL | ||
Disclosure of nature and extent of risks arising from financial instruments [line items] | ||
Total financial assets | (682) | (712) |
Downside 1 | Wholesale loans | Lifetime expected credit losses | ECL | Stage 3 | Financial assets at amortised cost | Total weighted model ECL | ||
Disclosure of nature and extent of risks arising from financial instruments [line items] | ||
Total financial assets | 0 | 0 |
Downside 2 | Loans and advances | ECL | Financial assets at amortised cost | Total weighted model ECL | ||
Disclosure of nature and extent of risks arising from financial instruments [line items] | ||
Total financial assets | (4,628) | (5,190) |
Downside 2 | Home loans | ECL | Financial assets at amortised cost | Total weighted model ECL | ||
Disclosure of nature and extent of risks arising from financial instruments [line items] | ||
Total financial assets | £ (386) | £ (347) |
Downside 2 | Home loans | Stage 1 | Financial assets at amortised cost | Total weighted model ECL | ||
Disclosure of nature and extent of risks arising from financial instruments [line items] | ||
Coverage ratio | 0.10% | 0.10% |
Downside 2 | Home loans | Stage 1 | Gross | Financial assets at amortised cost | Total weighted model ECL | ||
Disclosure of nature and extent of risks arising from financial instruments [line items] | ||
Total financial assets | £ 3,557 | £ 3,868 |
Downside 2 | Home loans | Stage 1 | ECL | Financial assets at amortised cost | Total weighted model ECL | ||
Disclosure of nature and extent of risks arising from financial instruments [line items] | ||
Total financial assets | £ (4) | £ (3) |
Downside 2 | Home loans | Lifetime expected credit losses | Stage 2 | Financial assets at amortised cost | Total weighted model ECL | ||
Disclosure of nature and extent of risks arising from financial instruments [line items] | ||
Coverage ratio | 14.20% | 9% |
Downside 2 | Home loans | Lifetime expected credit losses | Stage 3 | Financial assets at amortised cost | Total weighted model ECL | ||
Disclosure of nature and extent of risks arising from financial instruments [line items] | ||
Coverage ratio | 57.80% | 52.50% |
Downside 2 | Home loans | Lifetime expected credit losses | Gross | Stage 2 | Financial assets at amortised cost | Total weighted model ECL | ||
Disclosure of nature and extent of risks arising from financial instruments [line items] | ||
Total financial assets | £ 317 | £ 266 |
Downside 2 | Home loans | Lifetime expected credit losses | Gross | Stage 3 | Financial assets at amortised cost | Total weighted model ECL | ||
Disclosure of nature and extent of risks arising from financial instruments [line items] | ||
Total financial assets | 583 | 610 |
Downside 2 | Home loans | Lifetime expected credit losses | ECL | Stage 2 | Financial assets at amortised cost | Total weighted model ECL | ||
Disclosure of nature and extent of risks arising from financial instruments [line items] | ||
Total financial assets | (45) | (24) |
Downside 2 | Home loans | Lifetime expected credit losses | ECL | Stage 3 | Financial assets at amortised cost | Total weighted model ECL | ||
Disclosure of nature and extent of risks arising from financial instruments [line items] | ||
Total financial assets | (337) | (320) |
Downside 2 | Credit cards, unsecured loans and other retail lending | ECL | ||
Disclosure of nature and extent of risks arising from financial instruments [line items] | ||
Total financial assets | (2,771) | |
Downside 2 | Credit cards, unsecured loans and other retail lending | ECL | Financial assets at amortised cost | Total weighted model ECL | ||
Disclosure of nature and extent of risks arising from financial instruments [line items] | ||
Total financial assets | £ (2,771) | £ (3,332) |
Downside 2 | Credit cards, unsecured loans and other retail lending | Stage 1 | Financial assets at amortised cost | Total weighted model ECL | ||
Disclosure of nature and extent of risks arising from financial instruments [line items] | ||
Coverage ratio | 0.80% | 1.10% |
Downside 2 | Credit cards, unsecured loans and other retail lending | Stage 1 | Gross | Financial assets at amortised cost | Total weighted model ECL | ||
Disclosure of nature and extent of risks arising from financial instruments [line items] | ||
Total financial assets | £ 55,197 | £ 30,280 |
Downside 2 | Credit cards, unsecured loans and other retail lending | Stage 1 | ECL | Financial assets at amortised cost | Total weighted model ECL | ||
Disclosure of nature and extent of risks arising from financial instruments [line items] | ||
Total financial assets | £ (452) | £ (332) |
Downside 2 | Credit cards, unsecured loans and other retail lending | Lifetime expected credit losses | Stage 2 | Financial assets at amortised cost | Total weighted model ECL | ||
Disclosure of nature and extent of risks arising from financial instruments [line items] | ||
Coverage ratio | 24.80% | 19.80% |
Downside 2 | Credit cards, unsecured loans and other retail lending | Lifetime expected credit losses | Stage 3 | Financial assets at amortised cost | Total weighted model ECL | ||
Disclosure of nature and extent of risks arising from financial instruments [line items] | ||
Coverage ratio | 76.80% | 70.20% |
Downside 2 | Credit cards, unsecured loans and other retail lending | Lifetime expected credit losses | Gross | Stage 2 | Financial assets at amortised cost | Total weighted model ECL | ||
Disclosure of nature and extent of risks arising from financial instruments [line items] | ||
Total financial assets | £ 5,657 | £ 11,493 |
Downside 2 | Credit cards, unsecured loans and other retail lending | Lifetime expected credit losses | Gross | Stage 3 | Financial assets at amortised cost | Total weighted model ECL | ||
Disclosure of nature and extent of risks arising from financial instruments [line items] | ||
Total financial assets | 1,194 | 1,028 |
Downside 2 | Credit cards, unsecured loans and other retail lending | Lifetime expected credit losses | ECL | Stage 2 | Financial assets at amortised cost | Total weighted model ECL | ||
Disclosure of nature and extent of risks arising from financial instruments [line items] | ||
Total financial assets | (1,402) | (2,278) |
Downside 2 | Credit cards, unsecured loans and other retail lending | Lifetime expected credit losses | ECL | Stage 3 | Financial assets at amortised cost | Total weighted model ECL | ||
Disclosure of nature and extent of risks arising from financial instruments [line items] | ||
Total financial assets | (917) | (722) |
Downside 2 | Wholesale loans | ECL | Financial assets at amortised cost | Total weighted model ECL | ||
Disclosure of nature and extent of risks arising from financial instruments [line items] | ||
Total financial assets | £ (1,471) | £ (1,511) |
Downside 2 | Wholesale loans | Stage 1 | Financial assets at amortised cost | Total weighted model ECL | ||
Disclosure of nature and extent of risks arising from financial instruments [line items] | ||
Coverage ratio | 0.20% | 0.20% |
Downside 2 | Wholesale loans | Stage 1 | Gross | Financial assets at amortised cost | Total weighted model ECL | ||
Disclosure of nature and extent of risks arising from financial instruments [line items] | ||
Total financial assets | £ 152,417 | £ 135,764 |
Downside 2 | Wholesale loans | Stage 1 | ECL | Financial assets at amortised cost | Total weighted model ECL | ||
Disclosure of nature and extent of risks arising from financial instruments [line items] | ||
Total financial assets | £ (379) | £ (282) |
Downside 2 | Wholesale loans | Lifetime expected credit losses | Stage 2 | Financial assets at amortised cost | Total weighted model ECL | ||
Disclosure of nature and extent of risks arising from financial instruments [line items] | ||
Coverage ratio | 3.20% | 3.40% |
Downside 2 | Wholesale loans | Lifetime expected credit losses | Stage 3 | Financial assets at amortised cost | Total weighted model ECL | ||
Disclosure of nature and extent of risks arising from financial instruments [line items] | ||
Coverage ratio | 0% | 0% |
Downside 2 | Wholesale loans | Lifetime expected credit losses | Gross | Stage 2 | Financial assets at amortised cost | Total weighted model ECL | ||
Disclosure of nature and extent of risks arising from financial instruments [line items] | ||
Total financial assets | £ 33,909 | £ 36,163 |
Downside 2 | Wholesale loans | Lifetime expected credit losses | Gross | Stage 3 | Financial assets at amortised cost | Total weighted model ECL | ||
Disclosure of nature and extent of risks arising from financial instruments [line items] | ||
Total financial assets | 0 | 0 |
Downside 2 | Wholesale loans | Lifetime expected credit losses | ECL | Stage 2 | Financial assets at amortised cost | Total weighted model ECL | ||
Disclosure of nature and extent of risks arising from financial instruments [line items] | ||
Total financial assets | (1,092) | (1,229) |
Downside 2 | Wholesale loans | Lifetime expected credit losses | ECL | Stage 3 | Financial assets at amortised cost | Total weighted model ECL | ||
Disclosure of nature and extent of risks arising from financial instruments [line items] | ||
Total financial assets | £ 0 | £ 0 |
Other disclosures - Risk Man_12
Other disclosures - Risk Management and Principal Risks - Credit risk concentrations by geography and industry (audited) (Details) - GBP (£) £ in Millions | Dec. 31, 2022 | Dec. 31, 2021 | Dec. 31, 2020 |
On-balance sheet: | |||
Cash and balances at central banks | £ 202,142 | £ 169,085 | £ 155,902 |
Cash collateral and settlement balances | 107,862 | 88,085 | |
Loans and advances at amortised cost | 182,507 | 145,259 | |
Reverse repurchase agreements and other similar secured lending | 725 | 3,177 | |
Trading Portfolio Assets | 133,771 | 146,871 | |
Financial assets at fair value through the income statement | 211,128 | 188,226 | |
Derivative financial instruments | 302,976 | 262,291 | |
Financial assets at fair value through other comprehensive income | 45,084 | 45,908 | |
Other financial assets | 1,503 | 994 | |
Total assets | 1,203,537 | 1,061,778 | £ 1,059,700 |
Off-balance sheet: | |||
Contingent liabilities | 25,800 | 23,746 | |
Total off-balance sheet | 360,777 | 308,197 | |
Credit risk | |||
On-balance sheet: | |||
Cash and balances at central banks | 202,142 | 169,085 | |
Cash collateral and settlement balances | 107,862 | 88,085 | |
Loans and advances at amortised cost | 182,507 | 145,259 | |
Reverse repurchase agreements and other similar secured lending | 725 | 3,177 | |
Trading Portfolio Assets | 68,628 | 63,225 | |
Financial assets at fair value through the income statement | 206,194 | 183,428 | |
Derivative financial instruments | 302,976 | 262,291 | |
Financial assets at fair value through other comprehensive income | 45,083 | 45,907 | |
Other financial assets | 1,503 | 994 | |
Total assets | 1,117,620 | 961,451 | |
Off-balance sheet: | |||
Contingent liabilities | 25,800 | 23,746 | |
Loan commitments | 334,977 | 284,451 | |
Total off-balance sheet | 360,777 | 308,197 | |
Total | 1,478,397 | 1,269,648 | |
Credit risk | Banks | |||
On-balance sheet: | |||
Cash and balances at central banks | 675 | 28 | |
Cash collateral and settlement balances | 14,965 | 14,605 | |
Loans and advances at amortised cost | 8,753 | 7,955 | |
Reverse repurchase agreements and other similar secured lending | 583 | 595 | |
Trading Portfolio Assets | 4,638 | 2,560 | |
Financial assets at fair value through the income statement | 30,982 | 26,239 | |
Derivative financial instruments | 128,161 | 120,607 | |
Financial assets at fair value through other comprehensive income | 9,293 | 9,942 | |
Other financial assets | 345 | 401 | |
Total assets | 198,395 | 182,932 | |
Off-balance sheet: | |||
Contingent liabilities | 1,108 | 1,005 | |
Loan commitments | 1,779 | 1,340 | |
Total off-balance sheet | 2,887 | 2,345 | |
Total | 201,282 | 185,277 | |
Credit risk | Other financial insti-tutions | |||
On-balance sheet: | |||
Cash and balances at central banks | 0 | 0 | |
Cash collateral and settlement balances | 78,705 | 61,252 | |
Loans and advances at amortised cost | 49,102 | 33,563 | |
Reverse repurchase agreements and other similar secured lending | 92 | 2,049 | |
Trading Portfolio Assets | 9,314 | 8,818 | |
Financial assets at fair value through the income statement | 149,917 | 131,232 | |
Derivative financial instruments | 152,840 | 117,050 | |
Financial assets at fair value through other comprehensive income | 2,444 | 2,972 | |
Other financial assets | 1,020 | 474 | |
Total assets | 443,434 | 357,410 | |
Off-balance sheet: | |||
Contingent liabilities | 8,075 | 7,772 | |
Loan commitments | 63,801 | 53,212 | |
Total off-balance sheet | 71,876 | 60,984 | |
Total | 515,310 | 418,394 | |
Credit risk | Manu- facturing | |||
On-balance sheet: | |||
Cash and balances at central banks | 0 | 0 | |
Cash collateral and settlement balances | 229 | 320 | |
Loans and advances at amortised cost | 7,346 | 5,821 | |
Reverse repurchase agreements and other similar secured lending | 0 | 0 | |
Trading Portfolio Assets | 5,007 | 4,881 | |
Financial assets at fair value through the income statement | 705 | 763 | |
Derivative financial instruments | 4,095 | 4,168 | |
Financial assets at fair value through other comprehensive income | 0 | 0 | |
Other financial assets | 9 | 1 | |
Total assets | 17,391 | 15,954 | |
Off-balance sheet: | |||
Contingent liabilities | 3,695 | 3,080 | |
Loan commitments | 44,808 | 42,434 | |
Total off-balance sheet | 48,503 | 45,514 | |
Total | 65,894 | 61,468 | |
Credit risk | Const- ruction and property | |||
On-balance sheet: | |||
Cash and balances at central banks | 0 | 0 | |
Cash collateral and settlement balances | 67 | 79 | |
Loans and advances at amortised cost | 16,460 | 13,714 | |
Reverse repurchase agreements and other similar secured lending | 0 | 0 | |
Trading Portfolio Assets | 1,405 | 1,048 | |
Financial assets at fair value through the income statement | 1,707 | 5,444 | |
Derivative financial instruments | 597 | 1,898 | |
Financial assets at fair value through other comprehensive income | 592 | 514 | |
Other financial assets | 0 | 0 | |
Total assets | 20,828 | 22,697 | |
Off-balance sheet: | |||
Contingent liabilities | 1,430 | 1,342 | |
Loan commitments | 11,887 | 15,752 | |
Total off-balance sheet | 13,317 | 17,094 | |
Total | 34,145 | 39,791 | |
Credit risk | Govern- ment and central bank | |||
On-balance sheet: | |||
Cash and balances at central banks | 201,467 | 169,057 | |
Cash collateral and settlement balances | 12,739 | 10,684 | |
Loans and advances at amortised cost | 17,828 | 15,462 | |
Reverse repurchase agreements and other similar secured lending | 50 | 533 | |
Trading Portfolio Assets | 36,335 | 32,483 | |
Financial assets at fair value through the income statement | 16,598 | 13,935 | |
Derivative financial instruments | 3,027 | 7,233 | |
Financial assets at fair value through other comprehensive income | 32,372 | 31,975 | |
Other financial assets | 1 | 8 | |
Total assets | 320,417 | 281,370 | |
Off-balance sheet: | |||
Contingent liabilities | 1,008 | 1,092 | |
Loan commitments | 1,501 | 1,360 | |
Total off-balance sheet | 2,509 | 2,452 | |
Total | 322,926 | 283,822 | |
Credit risk | Energy and water | |||
On-balance sheet: | |||
Cash and balances at central banks | 0 | 0 | |
Cash collateral and settlement balances | 269 | 390 | |
Loans and advances at amortised cost | 5,541 | 4,244 | |
Reverse repurchase agreements and other similar secured lending | 0 | 0 | |
Trading Portfolio Assets | 2,330 | 4,043 | |
Financial assets at fair value through the income statement | 184 | 76 | |
Derivative financial instruments | 4,778 | 3,544 | |
Financial assets at fair value through other comprehensive income | 0 | 0 | |
Other financial assets | 1 | 0 | |
Total assets | 13,103 | 12,297 | |
Off-balance sheet: | |||
Contingent liabilities | 3,891 | 3,284 | |
Loan commitments | 29,594 | 26,447 | |
Total off-balance sheet | 33,485 | 29,731 | |
Total | 46,588 | 42,028 | |
Credit risk | Wholesale and retail distribution and leisure | |||
On-balance sheet: | |||
Cash and balances at central banks | 0 | 0 | |
Cash collateral and settlement balances | 136 | 60 | |
Loans and advances at amortised cost | 8,164 | 7,266 | |
Reverse repurchase agreements and other similar secured lending | 0 | 0 | |
Trading Portfolio Assets | 789 | 1,734 | |
Financial assets at fair value through the income statement | 479 | 181 | |
Derivative financial instruments | 1,541 | 1,172 | |
Financial assets at fair value through other comprehensive income | 0 | 0 | |
Other financial assets | 0 | 0 | |
Total assets | 11,109 | 10,413 | |
Off-balance sheet: | |||
Contingent liabilities | 1,138 | 1,182 | |
Loan commitments | 16,308 | 15,811 | |
Total off-balance sheet | 17,446 | 16,993 | |
Total | 28,555 | 27,406 | |
Credit risk | Business and other services | |||
On-balance sheet: | |||
Cash and balances at central banks | 0 | 0 | |
Cash collateral and settlement balances | 166 | 354 | |
Loans and advances at amortised cost | 16,810 | 13,881 | |
Reverse repurchase agreements and other similar secured lending | 0 | 0 | |
Trading Portfolio Assets | 2,782 | 4,716 | |
Financial assets at fair value through the income statement | 3,897 | 3,547 | |
Derivative financial instruments | 3,175 | 2,825 | |
Financial assets at fair value through other comprehensive income | 112 | 444 | |
Other financial assets | 118 | 105 | |
Total assets | 27,060 | 25,872 | |
Off-balance sheet: | |||
Contingent liabilities | 3,177 | 3,118 | |
Loan commitments | 24,672 | 25,201 | |
Total off-balance sheet | 27,849 | 28,319 | |
Total | 54,909 | 54,191 | |
Credit risk | Home loans | |||
On-balance sheet: | |||
Cash and balances at central banks | 0 | 0 | |
Cash collateral and settlement balances | 0 | 0 | |
Loans and advances at amortised cost | 11,405 | 10,985 | |
Reverse repurchase agreements and other similar secured lending | 0 | 0 | |
Trading Portfolio Assets | 0 | 0 | |
Financial assets at fair value through the income statement | 1,255 | 1,595 | |
Derivative financial instruments | 0 | 0 | |
Financial assets at fair value through other comprehensive income | 0 | 0 | |
Other financial assets | 0 | 0 | |
Total assets | 12,660 | 12,580 | |
Off-balance sheet: | |||
Contingent liabilities | 0 | 0 | |
Loan commitments | 120 | 341 | |
Total off-balance sheet | 120 | 341 | |
Total | 12,780 | 12,921 | |
Credit risk | Cards, unsecured loans and other personal lending | |||
On-balance sheet: | |||
Cash and balances at central banks | 0 | 0 | |
Cash collateral and settlement balances | 0 | 0 | |
Loans and advances at amortised cost | 34,483 | 26,477 | |
Reverse repurchase agreements and other similar secured lending | 0 | 0 | |
Trading Portfolio Assets | 0 | 0 | |
Financial assets at fair value through the income statement | 0 | 0 | |
Derivative financial instruments | 0 | 0 | |
Financial assets at fair value through other comprehensive income | 0 | 0 | |
Other financial assets | 0 | 0 | |
Total assets | 34,483 | 26,477 | |
Off-balance sheet: | |||
Contingent liabilities | 143 | 73 | |
Loan commitments | 114,820 | 76,759 | |
Total off-balance sheet | 114,963 | 76,832 | |
Total | 149,446 | 103,309 | |
Credit risk | Other | |||
On-balance sheet: | |||
Cash and balances at central banks | 0 | 0 | |
Cash collateral and settlement balances | 586 | 341 | |
Loans and advances at amortised cost | 6,615 | 5,891 | |
Reverse repurchase agreements and other similar secured lending | 0 | 0 | |
Trading Portfolio Assets | 6,028 | 2,942 | |
Financial assets at fair value through the income statement | 470 | 416 | |
Derivative financial instruments | 4,762 | 3,794 | |
Financial assets at fair value through other comprehensive income | 270 | 60 | |
Other financial assets | 9 | 5 | |
Total assets | 18,740 | 13,449 | |
Off-balance sheet: | |||
Contingent liabilities | 2,135 | 1,798 | |
Loan commitments | 25,687 | 25,794 | |
Total off-balance sheet | 27,822 | 27,592 | |
Total | 46,562 | 41,041 | |
United Kingdom | Credit risk | |||
On-balance sheet: | |||
Cash and balances at central banks | 74,792 | 45,470 | |
Cash collateral and settlement balances | 37,994 | 30,107 | |
Loans and advances at amortised cost | 67,271 | 62,269 | |
Reverse repurchase agreements and other similar secured lending | 0 | 9 | |
Trading Portfolio Assets | 9,341 | 12,852 | |
Financial assets at fair value through the income statement | 28,769 | 26,096 | |
Derivative financial instruments | 99,695 | 78,449 | |
Financial assets at fair value through other comprehensive income | 5,228 | 4,525 | |
Other financial assets | 1,367 | 747 | |
Total assets | 324,457 | 260,524 | |
Off-balance sheet: | |||
Contingent liabilities | 7,530 | 7,926 | |
Loan commitments | 45,027 | 46,616 | |
Total off-balance sheet | 52,557 | 54,542 | |
Total | 377,014 | 315,066 | |
Americas | Credit risk | |||
On-balance sheet: | |||
Cash and balances at central banks | 49,830 | 38,735 | |
Cash collateral and settlement balances | 36,503 | 28,272 | |
Loans and advances at amortised cost | 72,633 | 50,718 | |
Reverse repurchase agreements and other similar secured lending | 127 | 123 | |
Trading Portfolio Assets | 35,481 | 29,478 | |
Financial assets at fair value through the income statement | 106,715 | 95,456 | |
Derivative financial instruments | 101,402 | 91,992 | |
Financial assets at fair value through other comprehensive income | 17,950 | 20,750 | |
Other financial assets | 118 | 224 | |
Total assets | 420,759 | 355,748 | |
Off-balance sheet: | |||
Contingent liabilities | 11,297 | 10,329 | |
Loan commitments | 240,343 | 192,270 | |
Total off-balance sheet | 251,640 | 202,599 | |
Total | 672,399 | 558,347 | |
Europe | Credit risk | |||
On-balance sheet: | |||
Cash and balances at central banks | 73,677 | 76,846 | |
Cash collateral and settlement balances | 21,962 | 21,754 | |
Loans and advances at amortised cost | 31,532 | 23,576 | |
Reverse repurchase agreements and other similar secured lending | 329 | 351 | |
Trading Portfolio Assets | 16,925 | 15,062 | |
Financial assets at fair value through the income statement | 41,355 | 30,080 | |
Derivative financial instruments | 77,106 | 75,245 | |
Financial assets at fair value through other comprehensive income | 15,929 | 15,603 | |
Other financial assets | 13 | 17 | |
Total assets | 278,828 | 258,534 | |
Off-balance sheet: | |||
Contingent liabilities | 4,811 | 3,957 | |
Loan commitments | 42,533 | 38,567 | |
Total off-balance sheet | 47,344 | 42,524 | |
Total | 326,172 | 301,058 | |
Asia | Credit risk | |||
On-balance sheet: | |||
Cash and balances at central banks | 3,552 | 7,789 | |
Cash collateral and settlement balances | 10,345 | 7,210 | |
Loans and advances at amortised cost | 5,958 | 4,775 | |
Reverse repurchase agreements and other similar secured lending | 262 | 2,508 | |
Trading Portfolio Assets | 5,300 | 4,943 | |
Financial assets at fair value through the income statement | 20,535 | 21,798 | |
Derivative financial instruments | 22,299 | 14,709 | |
Financial assets at fair value through other comprehensive income | 5,718 | 4,666 | |
Other financial assets | 3 | 6 | |
Total assets | 73,972 | 68,404 | |
Off-balance sheet: | |||
Contingent liabilities | 1,760 | 1,131 | |
Loan commitments | 4,321 | 5,079 | |
Total off-balance sheet | 6,081 | 6,210 | |
Total | 80,053 | 74,614 | |
Africa and Middle East | Credit risk | |||
On-balance sheet: | |||
Cash and balances at central banks | 291 | 245 | |
Cash collateral and settlement balances | 1,058 | 742 | |
Loans and advances at amortised cost | 5,113 | 3,921 | |
Reverse repurchase agreements and other similar secured lending | 7 | 186 | |
Trading Portfolio Assets | 1,581 | 890 | |
Financial assets at fair value through the income statement | 8,820 | 9,998 | |
Derivative financial instruments | 2,474 | 1,896 | |
Financial assets at fair value through other comprehensive income | 258 | 363 | |
Other financial assets | 2 | 0 | |
Total assets | 19,604 | 18,241 | |
Off-balance sheet: | |||
Contingent liabilities | 402 | 403 | |
Loan commitments | 2,753 | 1,919 | |
Total off-balance sheet | 3,155 | 2,322 | |
Total | £ 22,759 | £ 20,563 |
Other disclosures - Risk Man_13
Other disclosures - Risk Management and Principal Risks - Balance sheet credit quality (audited) (Details) - GBP (£) £ in Millions | Dec. 31, 2022 | Dec. 31, 2021 | Dec. 31, 2020 |
On-balance sheet: | |||
Cash and balances at central banks | £ 202,142 | £ 169,085 | £ 155,902 |
Cash collateral and settlement balances | 107,862 | 88,085 | |
Loans and advances at amortised cost | 182,507 | 145,259 | |
Reverse repurchase agreements and other similar secured lending | 725 | 3,177 | |
Trading Portfolio Assets | 133,771 | 146,871 | |
Financial assets at fair value through the income statement | 211,128 | 188,226 | |
Derivative financial instruments | 302,976 | 262,291 | |
Other assets | 1,503 | 994 | |
Total assets (£bn) | 1,203,537 | 1,061,778 | £ 1,059,700 |
Debt securities classified as amortised cost | |||
On-balance sheet: | |||
Trading Portfolio Assets | 55,430 | 50,700 | |
Traded loans | |||
On-balance sheet: | |||
Trading Portfolio Assets | 13,198 | 12,525 | |
Internal credit grades | |||
On-balance sheet: | |||
Cash and balances at central banks | 202,142 | 169,085 | |
Cash collateral and settlement balances | 107,862 | 88,085 | |
Reverse repurchase agreements and other similar secured lending | 725 | 3,177 | |
Trading Portfolio Assets | 68,628 | 63,225 | |
Financial assets at fair value through the income statement | 206,194 | 183,428 | |
Derivative financial instruments | 302,976 | 262,291 | |
Financial assets at fair value through other comprehensive income | 45,084 | 45,907 | |
Other assets | 1,502 | 994 | |
Total assets (£bn) | £ 1,117,620 | £ 961,451 | |
On-balance sheet, percentage | |||
Cash and balances at central banks, percentage | 100% | 100% | |
Cash collateral and settlement balance, percentage | 100% | 100% | |
Reverse repurchase agreements and other similar secured lending, percentage | 100% | 100% | |
Trading portfolio assets, percentage | 100% | 100% | |
Financial assets at fair value through the income statement, percentage | 100% | 100% | |
Derivative financial instruments, percentage | 100% | 100% | |
Financial assets measured at fair value through other comprehensive income, percentage | 100% | 100% | |
Other assets, percentage | 100% | 100% | |
Total assets, percentage | 100% | 100% | |
Internal credit grades | 0.0 to 0.60% | |||
On-balance sheet: | |||
Cash and balances at central banks | £ 202,142 | £ 169,085 | |
Cash collateral and settlement balances | 96,688 | 78,881 | |
Reverse repurchase agreements and other similar secured lending | 725 | 3,091 | |
Trading Portfolio Assets | 53,422 | 46,660 | |
Financial assets at fair value through the income statement | 140,484 | 126,999 | |
Derivative financial instruments | 285,087 | 246,347 | |
Financial assets at fair value through other comprehensive income | 45,081 | 45,901 | |
Other assets | 1,455 | 948 | |
Total assets (£bn) | £ 958,823 | £ 824,130 | |
On-balance sheet, percentage | |||
Cash and balances at central banks, percentage | 100% | 100% | |
Cash collateral and settlement balance, percentage | 90% | 90% | |
Reverse repurchase agreements and other similar secured lending, percentage | 100% | 97% | |
Trading portfolio assets, percentage | 79% | 74% | |
Financial assets at fair value through the income statement, percentage | 68% | 70% | |
Derivative financial instruments, percentage | 94% | 94% | |
Financial assets measured at fair value through other comprehensive income, percentage | 100% | 100% | |
Other assets, percentage | 97% | 95% | |
Total assets, percentage | 86% | 86% | |
Internal credit grades | 0.60 to 11.35% | |||
On-balance sheet: | |||
Cash and balances at central banks | £ 0 | ||
Cash collateral and settlement balances | 10,886 | 9,194 | |
Reverse repurchase agreements and other similar secured lending | 86 | ||
Trading Portfolio Assets | 13,164 | 15,879 | |
Financial assets at fair value through the income statement | 63,988 | 55,819 | |
Derivative financial instruments | 17,606 | 15,678 | |
Financial assets at fair value through other comprehensive income | 3 | 6 | |
Other assets | 47 | 46 | |
Total assets (£bn) | £ 149,867 | £ 130,687 | |
On-balance sheet, percentage | |||
Cash and balances at central banks, percentage | 0% | 0% | |
Cash collateral and settlement balance, percentage | 10% | 10% | |
Reverse repurchase agreements and other similar secured lending, percentage | 0% | 3% | |
Trading portfolio assets, percentage | 19% | 25% | |
Financial assets at fair value through the income statement, percentage | 31% | 30% | |
Derivative financial instruments, percentage | 6% | 6% | |
Financial assets measured at fair value through other comprehensive income, percentage | 0% | 0% | |
Other assets, percentage | 3% | 5% | |
Total assets, percentage | 13% | 13% | |
Internal credit grades | 11.35% to 100% | |||
On-balance sheet: | |||
Cash and balances at central banks | £ 0 | ||
Cash collateral and settlement balances | 288 | 10 | |
Reverse repurchase agreements and other similar secured lending | 0 | ||
Trading Portfolio Assets | 2,042 | 686 | |
Financial assets at fair value through the income statement | 1,722 | 610 | |
Derivative financial instruments | 283 | 266 | |
Financial assets at fair value through other comprehensive income | 0 | ||
Other assets | 0 | ||
Total assets (£bn) | £ 8,930 | £ 6,634 | |
On-balance sheet, percentage | |||
Cash and balances at central banks, percentage | 0% | 0% | |
Cash collateral and settlement balance, percentage | 0% | 0% | |
Reverse repurchase agreements and other similar secured lending, percentage | 0% | 0% | |
Trading portfolio assets, percentage | 3% | 1% | |
Financial assets at fair value through the income statement, percentage | 1% | 0% | |
Derivative financial instruments, percentage | 0% | 0% | |
Financial assets measured at fair value through other comprehensive income, percentage | 0% | 0% | |
Other assets, percentage | 0% | 0% | |
Total assets, percentage | 1% | 1% | |
Internal credit grades | Total loans and advances at amortised cost | |||
On-balance sheet: | |||
Loans and advances at amortised cost | £ 182,507 | £ 145,259 | |
On-balance sheet, percentage | |||
Loans and advances at amortised cost, percentage | 100% | 100% | |
Internal credit grades | Total loans and advances at amortised cost | 0.0 to 0.60% | |||
On-balance sheet: | |||
Loans and advances at amortised cost | £ 133,739 | £ 106,218 | |
On-balance sheet, percentage | |||
Loans and advances at amortised cost, percentage | 73% | 73% | |
Internal credit grades | Total loans and advances at amortised cost | 0.60 to 11.35% | |||
On-balance sheet: | |||
Loans and advances at amortised cost | £ 44,173 | £ 33,979 | |
On-balance sheet, percentage | |||
Loans and advances at amortised cost, percentage | 24% | 23% | |
Internal credit grades | Total loans and advances at amortised cost | 11.35% to 100% | |||
On-balance sheet: | |||
Loans and advances at amortised cost | £ 4,595 | £ 5,062 | |
On-balance sheet, percentage | |||
Loans and advances at amortised cost, percentage | 3% | 4% | |
Internal credit grades | Home loans | |||
On-balance sheet: | |||
Loans and advances at amortised cost | £ 11,405 | £ 10,985 | |
On-balance sheet, percentage | |||
Loans and advances at amortised cost, percentage | 100% | 100% | |
Internal credit grades | Home loans | 0.0 to 0.60% | |||
On-balance sheet: | |||
Loans and advances at amortised cost | £ 10,096 | £ 9,519 | |
On-balance sheet, percentage | |||
Loans and advances at amortised cost, percentage | 88% | 87% | |
Internal credit grades | Home loans | 0.60 to 11.35% | |||
On-balance sheet: | |||
Loans and advances at amortised cost | £ 636 | £ 809 | |
On-balance sheet, percentage | |||
Loans and advances at amortised cost, percentage | 6% | 7% | |
Internal credit grades | Home loans | 11.35% to 100% | |||
On-balance sheet: | |||
Loans and advances at amortised cost | £ 673 | £ 657 | |
On-balance sheet, percentage | |||
Loans and advances at amortised cost, percentage | 6% | 6% | |
Internal credit grades | Credit cards, unsecured loans and other retail lending | |||
On-balance sheet: | |||
Loans and advances at amortised cost | £ 34,162 | £ 25,960 | |
On-balance sheet, percentage | |||
Loans and advances at amortised cost, percentage | 100% | 100% | |
Internal credit grades | Credit cards, unsecured loans and other retail lending | 0.0 to 0.60% | |||
On-balance sheet: | |||
Loans and advances at amortised cost | £ 15,376 | £ 18,460 | |
On-balance sheet, percentage | |||
Loans and advances at amortised cost, percentage | 45% | 71% | |
Internal credit grades | Credit cards, unsecured loans and other retail lending | 0.60 to 11.35% | |||
On-balance sheet: | |||
Loans and advances at amortised cost | £ 17,140 | £ 6,178 | |
On-balance sheet, percentage | |||
Loans and advances at amortised cost, percentage | 50% | 24% | |
Internal credit grades | Credit cards, unsecured loans and other retail lending | 11.35% to 100% | |||
On-balance sheet: | |||
Loans and advances at amortised cost | £ 1,646 | £ 1,322 | |
On-balance sheet, percentage | |||
Loans and advances at amortised cost, percentage | 5% | 5% | |
Internal credit grades | Wholesale loans | |||
On-balance sheet: | |||
Loans and advances at amortised cost | £ 136,940 | £ 108,314 | |
On-balance sheet, percentage | |||
Loans and advances at amortised cost, percentage | 100% | 100% | |
Internal credit grades | Wholesale loans | 0.0 to 0.60% | |||
On-balance sheet: | |||
Loans and advances at amortised cost | £ 108,267 | £ 78,239 | |
On-balance sheet, percentage | |||
Loans and advances at amortised cost, percentage | 79% | 72% | |
Internal credit grades | Wholesale loans | 0.60 to 11.35% | |||
On-balance sheet: | |||
Loans and advances at amortised cost | £ 26,397 | £ 26,992 | |
On-balance sheet, percentage | |||
Loans and advances at amortised cost, percentage | 19% | 25% | |
Internal credit grades | Wholesale loans | 11.35% to 100% | |||
On-balance sheet: | |||
Loans and advances at amortised cost | £ 2,276 | £ 3,083 | |
On-balance sheet, percentage | |||
Loans and advances at amortised cost, percentage | 2% | 3% | |
Internal credit grades | Loans and advances | |||
On-balance sheet: | |||
Financial assets at fair value through the income statement | £ 38,190 | £ 35,901 | |
On-balance sheet, percentage | |||
Financial assets at fair value through the income statement, percentage | 100% | 100% | |
Internal credit grades | Loans and advances | 0.0 to 0.60% | |||
On-balance sheet: | |||
Financial assets at fair value through the income statement | £ 13,508 | £ 16,977 | |
On-balance sheet, percentage | |||
Financial assets at fair value through the income statement, percentage | 36% | 47% | |
Internal credit grades | Loans and advances | 0.60 to 11.35% | |||
On-balance sheet: | |||
Financial assets at fair value through the income statement | £ 24,573 | £ 18,896 | |
On-balance sheet, percentage | |||
Financial assets at fair value through the income statement, percentage | 64% | 53% | |
Internal credit grades | Loans and advances | 11.35% to 100% | |||
On-balance sheet: | |||
Financial assets at fair value through the income statement | £ 109 | £ 28 | |
On-balance sheet, percentage | |||
Financial assets at fair value through the income statement, percentage | 0% | 0% | |
Internal credit grades | Reverse repurchase agreements | |||
On-balance sheet: | |||
Financial assets at fair value through the income statement | £ 164,698 | £ 145,186 | |
On-balance sheet, percentage | |||
Financial assets at fair value through the income statement, percentage | 100% | 100% | |
Internal credit grades | Reverse repurchase agreements | 0.0 to 0.60% | |||
On-balance sheet: | |||
Financial assets at fair value through the income statement | £ 124,811 | £ 108,609 | |
On-balance sheet, percentage | |||
Financial assets at fair value through the income statement, percentage | 76% | 75% | |
Internal credit grades | Reverse repurchase agreements | 0.60 to 11.35% | |||
On-balance sheet: | |||
Financial assets at fair value through the income statement | £ 38,339 | £ 36,047 | |
On-balance sheet, percentage | |||
Financial assets at fair value through the income statement, percentage | 23% | 25% | |
Internal credit grades | Reverse repurchase agreements | 11.35% to 100% | |||
On-balance sheet: | |||
Financial assets at fair value through the income statement | £ 1,548 | £ 530 | |
On-balance sheet, percentage | |||
Financial assets at fair value through the income statement, percentage | 1% | 0% | |
Internal credit grades | Other financial assets measured at cost | |||
On-balance sheet: | |||
Financial assets at fair value through the income statement | £ 89 | £ 85 | |
On-balance sheet, percentage | |||
Financial assets at fair value through the income statement, percentage | 100% | 100% | |
Internal credit grades | Other financial assets measured at cost | 0.0 to 0.60% | |||
On-balance sheet: | |||
Financial assets at fair value through the income statement | £ 68 | £ 67 | |
On-balance sheet, percentage | |||
Financial assets at fair value through the income statement, percentage | 76% | 79% | |
Internal credit grades | Other financial assets measured at cost | 0.60 to 11.35% | |||
On-balance sheet: | |||
Financial assets at fair value through the income statement | £ 21 | £ 18 | |
On-balance sheet, percentage | |||
Financial assets at fair value through the income statement, percentage | 24% | 21% | |
Internal credit grades | Other financial assets measured at cost | 11.35% to 100% | |||
On-balance sheet: | |||
Financial assets at fair value through the income statement | £ 0 | £ 0 | |
On-balance sheet, percentage | |||
Financial assets at fair value through the income statement, percentage | 0% | 0% | |
Internal credit grades | Debt securities classified as amortised cost | |||
On-balance sheet: | |||
Trading Portfolio Assets | £ 55,430 | £ 50,700 | |
Financial assets at fair value through the income statement | £ 3,217 | £ 2,256 | |
On-balance sheet, percentage | |||
Trading portfolio assets, percentage | 100% | 100% | |
Financial assets at fair value through the income statement, percentage | 100% | 100% | |
Internal credit grades | Debt securities classified as amortised cost | 0.0 to 0.60% | |||
On-balance sheet: | |||
Trading Portfolio Assets | £ 50,208 | £ 44,488 | |
Financial assets at fair value through the income statement | £ 2,097 | £ 1,346 | |
On-balance sheet, percentage | |||
Trading portfolio assets, percentage | 90% | 88% | |
Financial assets at fair value through the income statement, percentage | 65% | 60% | |
Internal credit grades | Debt securities classified as amortised cost | 0.60 to 11.35% | |||
On-balance sheet: | |||
Trading Portfolio Assets | £ 4,891 | £ 5,735 | |
Financial assets at fair value through the income statement | £ 1,055 | £ 858 | |
On-balance sheet, percentage | |||
Trading portfolio assets, percentage | 9% | 11% | |
Financial assets at fair value through the income statement, percentage | 33% | 38% | |
Internal credit grades | Debt securities classified as amortised cost | 11.35% to 100% | |||
On-balance sheet: | |||
Trading Portfolio Assets | £ 331 | £ 477 | |
Financial assets at fair value through the income statement | £ 65 | £ 52 | |
On-balance sheet, percentage | |||
Trading portfolio assets, percentage | 1% | 1% | |
Financial assets at fair value through the income statement, percentage | 2% | 2% | |
Internal credit grades | Traded loans | |||
On-balance sheet: | |||
Trading Portfolio Assets | £ 13,198 | £ 12,525 | |
On-balance sheet, percentage | |||
Trading portfolio assets, percentage | 100% | 100% | |
Internal credit grades | Traded loans | 0.0 to 0.60% | |||
On-balance sheet: | |||
Trading Portfolio Assets | £ 3,214 | £ 2,172 | |
On-balance sheet, percentage | |||
Trading portfolio assets, percentage | 24% | 17% | |
Internal credit grades | Traded loans | 0.60 to 11.35% | |||
On-balance sheet: | |||
Trading Portfolio Assets | £ 8,273 | £ 10,144 | |
On-balance sheet, percentage | |||
Trading portfolio assets, percentage | 63% | 81% | |
Internal credit grades | Traded loans | 11.35% to 100% | |||
On-balance sheet: | |||
Trading Portfolio Assets | £ 1,711 | £ 209 | |
On-balance sheet, percentage | |||
Trading portfolio assets, percentage | 13% | 2% |
Other disclosures - Risk Man_14
Other disclosures - Risk Management and Principal Risks - Credit exposures by internal PD grade (audited) (Details) - GBP (£) £ in Millions | Dec. 31, 2022 | Dec. 31, 2021 |
Disclosure of internal credit grades [line items] | ||
Coverage ratio | 100% | |
Contingent liabilities | ||
Disclosure of internal credit grades [line items] | ||
Credit exposure | £ 24,176 | £ 23,313 |
Coverage ratio | 0.80% | 0.90% |
Contingent liabilities | Gross | ECL | ||
Disclosure of internal credit grades [line items] | ||
Credit exposure | £ 24,377 | £ 23,515 |
Contingent liabilities | Gross | Stage 1 | ||
Disclosure of internal credit grades [line items] | ||
Credit exposure | 21,067 | 20,064 |
Contingent liabilities | Gross | Lifetime expected credit losses | Stage 2 | ||
Disclosure of internal credit grades [line items] | ||
Credit exposure | 2,768 | 3,271 |
Contingent liabilities | Gross | Lifetime expected credit losses | Stage 3 | ||
Disclosure of internal credit grades [line items] | ||
Credit exposure | 542 | 180 |
Contingent liabilities | ECL | ECL | ||
Disclosure of internal credit grades [line items] | ||
Credit exposure | (201) | (202) |
Contingent liabilities | ECL | Stage 1 | ||
Disclosure of internal credit grades [line items] | ||
Credit exposure | (87) | (58) |
Contingent liabilities | ECL | Lifetime expected credit losses | Stage 2 | ||
Disclosure of internal credit grades [line items] | ||
Credit exposure | (111) | (143) |
Contingent liabilities | ECL | Lifetime expected credit losses | Stage 3 | ||
Disclosure of internal credit grades [line items] | ||
Credit exposure | (3) | (1) |
Loan commitments | ||
Disclosure of internal credit grades [line items] | ||
Credit exposure | £ 321,175 | £ 265,583 |
Coverage ratio | 1% | 0.10% |
Loan commitments | Gross | ECL | ||
Disclosure of internal credit grades [line items] | ||
Credit exposure | £ 321,506 | £ 265,880 |
Loan commitments | Gross | Stage 1 | ||
Disclosure of internal credit grades [line items] | ||
Credit exposure | 298,002 | 236,650 |
Loan commitments | Gross | Lifetime expected credit losses | Stage 2 | ||
Disclosure of internal credit grades [line items] | ||
Credit exposure | 23,158 | 28,360 |
Loan commitments | Gross | Lifetime expected credit losses | Stage 3 | ||
Disclosure of internal credit grades [line items] | ||
Credit exposure | 346 | 870 |
Loan commitments | ECL | ECL | ||
Disclosure of internal credit grades [line items] | ||
Credit exposure | (331) | (297) |
Loan commitments | ECL | Stage 1 | ||
Disclosure of internal credit grades [line items] | ||
Credit exposure | (147) | (145) |
Loan commitments | ECL | Lifetime expected credit losses | Stage 2 | ||
Disclosure of internal credit grades [line items] | ||
Credit exposure | (164) | (131) |
Loan commitments | ECL | Lifetime expected credit losses | Stage 3 | ||
Disclosure of internal credit grades [line items] | ||
Credit exposure | (20) | (21) |
Financial assets at fair value, class | ||
Disclosure of internal credit grades [line items] | ||
Exposure to credit risk on loan commitments and financial guarantee contracts | 14,900 | 18,800 |
Loans and advances at amortised cost | Financial assets at amortised cost | ||
Disclosure of internal credit grades [line items] | ||
Credit exposure | £ 182,507 | £ 145,259 |
Coverage ratio | 2.10% | 2.40% |
Loans and advances at amortised cost | Financial assets at amortised cost | Gross | ECL | ||
Disclosure of internal credit grades [line items] | ||
Credit exposure | £ 186,327 | £ 148,758 |
Loans and advances at amortised cost | Financial assets at amortised cost | Gross | Stage 1 | ||
Disclosure of internal credit grades [line items] | ||
Credit exposure | 163,808 | 129,013 |
Loans and advances at amortised cost | Financial assets at amortised cost | Gross | Lifetime expected credit losses | Stage 2 | ||
Disclosure of internal credit grades [line items] | ||
Credit exposure | 18,949 | 16,397 |
Loans and advances at amortised cost | Financial assets at amortised cost | Gross | Lifetime expected credit losses | Stage 3 | ||
Disclosure of internal credit grades [line items] | ||
Credit exposure | 3,570 | 3,348 |
Loans and advances at amortised cost | Financial assets at amortised cost | ECL | ECL | ||
Disclosure of internal credit grades [line items] | ||
Credit exposure | (3,820) | (3,499) |
Loans and advances at amortised cost | Financial assets at amortised cost | ECL | Stage 1 | ||
Disclosure of internal credit grades [line items] | ||
Credit exposure | (693) | (796) |
Loans and advances at amortised cost | Financial assets at amortised cost | ECL | Lifetime expected credit losses | Stage 2 | ||
Disclosure of internal credit grades [line items] | ||
Credit exposure | (1,489) | (1,019) |
Loans and advances at amortised cost | Financial assets at amortised cost | ECL | Lifetime expected credit losses | Stage 3 | ||
Disclosure of internal credit grades [line items] | ||
Credit exposure | (1,638) | (1,684) |
100% | Contingent liabilities | ||
Disclosure of internal credit grades [line items] | ||
Credit exposure | £ 539 | £ 179 |
Coverage ratio | 0.60% | 0.60% |
100% | Contingent liabilities | Gross | ECL | ||
Disclosure of internal credit grades [line items] | ||
Credit exposure | £ 542 | £ 180 |
100% | Contingent liabilities | Gross | Stage 1 | ||
Disclosure of internal credit grades [line items] | ||
Credit exposure | 0 | 0 |
100% | Contingent liabilities | Gross | Lifetime expected credit losses | Stage 2 | ||
Disclosure of internal credit grades [line items] | ||
Credit exposure | 0 | 0 |
100% | Contingent liabilities | Gross | Lifetime expected credit losses | Stage 3 | ||
Disclosure of internal credit grades [line items] | ||
Credit exposure | 542 | 180 |
100% | Contingent liabilities | ECL | ECL | ||
Disclosure of internal credit grades [line items] | ||
Credit exposure | (3) | (1) |
100% | Contingent liabilities | ECL | Stage 1 | ||
Disclosure of internal credit grades [line items] | ||
Credit exposure | 0 | 0 |
100% | Contingent liabilities | ECL | Lifetime expected credit losses | Stage 2 | ||
Disclosure of internal credit grades [line items] | ||
Credit exposure | 0 | 0 |
100% | Contingent liabilities | ECL | Lifetime expected credit losses | Stage 3 | ||
Disclosure of internal credit grades [line items] | ||
Credit exposure | (3) | (1) |
100% | Loan commitments | ||
Disclosure of internal credit grades [line items] | ||
Credit exposure | £ 326 | £ 849 |
Coverage ratio | 5.80% | 2.40% |
100% | Loan commitments | Gross | ECL | ||
Disclosure of internal credit grades [line items] | ||
Credit exposure | £ 346 | £ 870 |
100% | Loan commitments | Gross | Stage 1 | ||
Disclosure of internal credit grades [line items] | ||
Credit exposure | 0 | 0 |
100% | Loan commitments | Gross | Lifetime expected credit losses | Stage 2 | ||
Disclosure of internal credit grades [line items] | ||
Credit exposure | 0 | 0 |
100% | Loan commitments | Gross | Lifetime expected credit losses | Stage 3 | ||
Disclosure of internal credit grades [line items] | ||
Credit exposure | 346 | 870 |
100% | Loan commitments | ECL | ECL | ||
Disclosure of internal credit grades [line items] | ||
Credit exposure | (20) | (21) |
100% | Loan commitments | ECL | Stage 1 | ||
Disclosure of internal credit grades [line items] | ||
Credit exposure | 0 | 0 |
100% | Loan commitments | ECL | Lifetime expected credit losses | Stage 2 | ||
Disclosure of internal credit grades [line items] | ||
Credit exposure | 0 | 0 |
100% | Loan commitments | ECL | Lifetime expected credit losses | Stage 3 | ||
Disclosure of internal credit grades [line items] | ||
Credit exposure | (20) | (21) |
100% | Loans and advances at amortised cost | Financial assets at amortised cost | ||
Disclosure of internal credit grades [line items] | ||
Credit exposure | £ 1,930 | £ 1,664 |
Coverage ratio | 45.90% | 50.30% |
100% | Loans and advances at amortised cost | Financial assets at amortised cost | Gross | ECL | ||
Disclosure of internal credit grades [line items] | ||
Credit exposure | £ 3,565 | £ 3,348 |
100% | Loans and advances at amortised cost | Financial assets at amortised cost | Gross | Stage 1 | ||
Disclosure of internal credit grades [line items] | ||
Credit exposure | 0 | 0 |
100% | Loans and advances at amortised cost | Financial assets at amortised cost | Gross | Lifetime expected credit losses | Stage 2 | ||
Disclosure of internal credit grades [line items] | ||
Credit exposure | 0 | 0 |
100% | Loans and advances at amortised cost | Financial assets at amortised cost | Gross | Lifetime expected credit losses | Stage 3 | ||
Disclosure of internal credit grades [line items] | ||
Credit exposure | 3,565 | 3,348 |
100% | Loans and advances at amortised cost | Financial assets at amortised cost | ECL | ECL | ||
Disclosure of internal credit grades [line items] | ||
Credit exposure | (1,635) | (1,684) |
100% | Loans and advances at amortised cost | Financial assets at amortised cost | ECL | Stage 1 | ||
Disclosure of internal credit grades [line items] | ||
Credit exposure | 0 | 0 |
100% | Loans and advances at amortised cost | Financial assets at amortised cost | ECL | Lifetime expected credit losses | Stage 2 | ||
Disclosure of internal credit grades [line items] | ||
Credit exposure | 0 | 0 |
100% | Loans and advances at amortised cost | Financial assets at amortised cost | ECL | Lifetime expected credit losses | Stage 3 | ||
Disclosure of internal credit grades [line items] | ||
Credit exposure | (1,635) | (1,684) |
Strong | 0.0 to 0.05% | Contingent liabilities | ||
Disclosure of internal credit grades [line items] | ||
Credit exposure | £ 7,436 | £ 8,409 |
Coverage ratio | 0% | 0% |
Strong | 0.0 to 0.05% | Contingent liabilities | Gross | ECL | ||
Disclosure of internal credit grades [line items] | ||
Credit exposure | £ 7,439 | £ 8,412 |
Strong | 0.0 to 0.05% | Contingent liabilities | Gross | Stage 1 | ||
Disclosure of internal credit grades [line items] | ||
Credit exposure | 7,290 | 8,240 |
Strong | 0.0 to 0.05% | Contingent liabilities | Gross | Lifetime expected credit losses | Stage 2 | ||
Disclosure of internal credit grades [line items] | ||
Credit exposure | 149 | 172 |
Strong | 0.0 to 0.05% | Contingent liabilities | Gross | Lifetime expected credit losses | Stage 3 | ||
Disclosure of internal credit grades [line items] | ||
Credit exposure | 0 | 0 |
Strong | 0.0 to 0.05% | Contingent liabilities | ECL | ECL | ||
Disclosure of internal credit grades [line items] | ||
Credit exposure | (3) | (3) |
Strong | 0.0 to 0.05% | Contingent liabilities | ECL | Stage 1 | ||
Disclosure of internal credit grades [line items] | ||
Credit exposure | (2) | (2) |
Strong | 0.0 to 0.05% | Contingent liabilities | ECL | Lifetime expected credit losses | Stage 2 | ||
Disclosure of internal credit grades [line items] | ||
Credit exposure | (1) | (1) |
Strong | 0.0 to 0.05% | Contingent liabilities | ECL | Lifetime expected credit losses | Stage 3 | ||
Disclosure of internal credit grades [line items] | ||
Credit exposure | 0 | 0 |
Strong | 0.0 to 0.05% | Loan commitments | ||
Disclosure of internal credit grades [line items] | ||
Credit exposure | £ 70,456 | £ 95,858 |
Coverage ratio | 0.10% | 0% |
Strong | 0.0 to 0.05% | Loan commitments | Gross | ECL | ||
Disclosure of internal credit grades [line items] | ||
Credit exposure | £ 70,462 | £ 95,866 |
Strong | 0.0 to 0.05% | Loan commitments | Gross | Stage 1 | ||
Disclosure of internal credit grades [line items] | ||
Credit exposure | 69,737 | 92,864 |
Strong | 0.0 to 0.05% | Loan commitments | Gross | Lifetime expected credit losses | Stage 2 | ||
Disclosure of internal credit grades [line items] | ||
Credit exposure | 725 | 3,002 |
Strong | 0.0 to 0.05% | Loan commitments | Gross | Lifetime expected credit losses | Stage 3 | ||
Disclosure of internal credit grades [line items] | ||
Credit exposure | 0 | 0 |
Strong | 0.0 to 0.05% | Loan commitments | ECL | ECL | ||
Disclosure of internal credit grades [line items] | ||
Credit exposure | (6) | (8) |
Strong | 0.0 to 0.05% | Loan commitments | ECL | Stage 1 | ||
Disclosure of internal credit grades [line items] | ||
Credit exposure | (6) | (5) |
Strong | 0.0 to 0.05% | Loan commitments | ECL | Lifetime expected credit losses | Stage 2 | ||
Disclosure of internal credit grades [line items] | ||
Credit exposure | 0 | (3) |
Strong | 0.0 to 0.05% | Loan commitments | ECL | Lifetime expected credit losses | Stage 3 | ||
Disclosure of internal credit grades [line items] | ||
Credit exposure | 0 | 0 |
Strong | 0.0 to 0.05% | Loans and advances at amortised cost | Financial assets at amortised cost | ||
Disclosure of internal credit grades [line items] | ||
Credit exposure | £ 58,154 | £ 53,325 |
Coverage ratio | 0% | 0.50% |
Strong | 0.0 to 0.05% | Loans and advances at amortised cost | Financial assets at amortised cost | Gross | ECL | ||
Disclosure of internal credit grades [line items] | ||
Credit exposure | £ 58,174 | £ 53,611 |
Strong | 0.0 to 0.05% | Loans and advances at amortised cost | Financial assets at amortised cost | Gross | Stage 1 | ||
Disclosure of internal credit grades [line items] | ||
Credit exposure | 57,324 | 52,756 |
Strong | 0.0 to 0.05% | Loans and advances at amortised cost | Financial assets at amortised cost | Gross | Lifetime expected credit losses | Stage 2 | ||
Disclosure of internal credit grades [line items] | ||
Credit exposure | 845 | 855 |
Strong | 0.0 to 0.05% | Loans and advances at amortised cost | Financial assets at amortised cost | Gross | Lifetime expected credit losses | Stage 3 | ||
Disclosure of internal credit grades [line items] | ||
Credit exposure | 5 | 0 |
Strong | 0.0 to 0.05% | Loans and advances at amortised cost | Financial assets at amortised cost | ECL | ECL | ||
Disclosure of internal credit grades [line items] | ||
Credit exposure | (20) | (286) |
Strong | 0.0 to 0.05% | Loans and advances at amortised cost | Financial assets at amortised cost | ECL | Stage 1 | ||
Disclosure of internal credit grades [line items] | ||
Credit exposure | (2) | (280) |
Strong | 0.0 to 0.05% | Loans and advances at amortised cost | Financial assets at amortised cost | ECL | Lifetime expected credit losses | Stage 2 | ||
Disclosure of internal credit grades [line items] | ||
Credit exposure | (15) | (6) |
Strong | 0.0 to 0.05% | Loans and advances at amortised cost | Financial assets at amortised cost | ECL | Lifetime expected credit losses | Stage 3 | ||
Disclosure of internal credit grades [line items] | ||
Credit exposure | (3) | 0 |
Strong | 0.05 to 0.15% | Contingent liabilities | ||
Disclosure of internal credit grades [line items] | ||
Credit exposure | £ 4,555 | £ 3,978 |
Coverage ratio | 0.10% | 0.10% |
Strong | 0.05 to 0.15% | Contingent liabilities | Gross | ECL | ||
Disclosure of internal credit grades [line items] | ||
Credit exposure | £ 4,558 | £ 3,982 |
Strong | 0.05 to 0.15% | Contingent liabilities | Gross | Stage 1 | ||
Disclosure of internal credit grades [line items] | ||
Credit exposure | 4,210 | 3,479 |
Strong | 0.05 to 0.15% | Contingent liabilities | Gross | Lifetime expected credit losses | Stage 2 | ||
Disclosure of internal credit grades [line items] | ||
Credit exposure | 348 | 503 |
Strong | 0.05 to 0.15% | Contingent liabilities | Gross | Lifetime expected credit losses | Stage 3 | ||
Disclosure of internal credit grades [line items] | ||
Credit exposure | 0 | 0 |
Strong | 0.05 to 0.15% | Contingent liabilities | ECL | ECL | ||
Disclosure of internal credit grades [line items] | ||
Credit exposure | (3) | (4) |
Strong | 0.05 to 0.15% | Contingent liabilities | ECL | Stage 1 | ||
Disclosure of internal credit grades [line items] | ||
Credit exposure | (2) | (2) |
Strong | 0.05 to 0.15% | Contingent liabilities | ECL | Lifetime expected credit losses | Stage 2 | ||
Disclosure of internal credit grades [line items] | ||
Credit exposure | (1) | (2) |
Strong | 0.05 to 0.15% | Contingent liabilities | ECL | Lifetime expected credit losses | Stage 3 | ||
Disclosure of internal credit grades [line items] | ||
Credit exposure | 0 | 0 |
Strong | 0.05 to 0.15% | Loan commitments | ||
Disclosure of internal credit grades [line items] | ||
Credit exposure | £ 75,864 | £ 61,309 |
Coverage ratio | 0.10% | 0% |
Strong | 0.05 to 0.15% | Loan commitments | Gross | ECL | ||
Disclosure of internal credit grades [line items] | ||
Credit exposure | £ 75,870 | £ 61,324 |
Strong | 0.05 to 0.15% | Loan commitments | Gross | Stage 1 | ||
Disclosure of internal credit grades [line items] | ||
Credit exposure | 72,221 | 55,979 |
Strong | 0.05 to 0.15% | Loan commitments | Gross | Lifetime expected credit losses | Stage 2 | ||
Disclosure of internal credit grades [line items] | ||
Credit exposure | 3,649 | 5,345 |
Strong | 0.05 to 0.15% | Loan commitments | Gross | Lifetime expected credit losses | Stage 3 | ||
Disclosure of internal credit grades [line items] | ||
Credit exposure | 0 | 0 |
Strong | 0.05 to 0.15% | Loan commitments | ECL | ECL | ||
Disclosure of internal credit grades [line items] | ||
Credit exposure | (6) | (15) |
Strong | 0.05 to 0.15% | Loan commitments | ECL | Stage 1 | ||
Disclosure of internal credit grades [line items] | ||
Credit exposure | (5) | (10) |
Strong | 0.05 to 0.15% | Loan commitments | ECL | Lifetime expected credit losses | Stage 2 | ||
Disclosure of internal credit grades [line items] | ||
Credit exposure | (1) | (5) |
Strong | 0.05 to 0.15% | Loan commitments | ECL | Lifetime expected credit losses | Stage 3 | ||
Disclosure of internal credit grades [line items] | ||
Credit exposure | 0 | 0 |
Strong | 0.05 to 0.15% | Loans and advances at amortised cost | Financial assets at amortised cost | ||
Disclosure of internal credit grades [line items] | ||
Credit exposure | £ 24,768 | £ 18,000 |
Coverage ratio | 0% | 0% |
Strong | 0.05 to 0.15% | Loans and advances at amortised cost | Financial assets at amortised cost | Gross | ECL | ||
Disclosure of internal credit grades [line items] | ||
Credit exposure | £ 24,780 | £ 18,008 |
Strong | 0.05 to 0.15% | Loans and advances at amortised cost | Financial assets at amortised cost | Gross | Stage 1 | ||
Disclosure of internal credit grades [line items] | ||
Credit exposure | 24,545 | 17,797 |
Strong | 0.05 to 0.15% | Loans and advances at amortised cost | Financial assets at amortised cost | Gross | Lifetime expected credit losses | Stage 2 | ||
Disclosure of internal credit grades [line items] | ||
Credit exposure | 235 | 211 |
Strong | 0.05 to 0.15% | Loans and advances at amortised cost | Financial assets at amortised cost | Gross | Lifetime expected credit losses | Stage 3 | ||
Disclosure of internal credit grades [line items] | ||
Credit exposure | 0 | 0 |
Strong | 0.05 to 0.15% | Loans and advances at amortised cost | Financial assets at amortised cost | ECL | ECL | ||
Disclosure of internal credit grades [line items] | ||
Credit exposure | (12) | (8) |
Strong | 0.05 to 0.15% | Loans and advances at amortised cost | Financial assets at amortised cost | ECL | Stage 1 | ||
Disclosure of internal credit grades [line items] | ||
Credit exposure | (11) | (6) |
Strong | 0.05 to 0.15% | Loans and advances at amortised cost | Financial assets at amortised cost | ECL | Lifetime expected credit losses | Stage 2 | ||
Disclosure of internal credit grades [line items] | ||
Credit exposure | (1) | (2) |
Strong | 0.05 to 0.15% | Loans and advances at amortised cost | Financial assets at amortised cost | ECL | Lifetime expected credit losses | Stage 3 | ||
Disclosure of internal credit grades [line items] | ||
Credit exposure | 0 | 0 |
Strong | 0.15 to 0.30% | Contingent liabilities | ||
Disclosure of internal credit grades [line items] | ||
Credit exposure | £ 2,907 | £ 2,191 |
Coverage ratio | 0.20% | 0.20% |
Strong | 0.15 to 0.30% | Contingent liabilities | Gross | ECL | ||
Disclosure of internal credit grades [line items] | ||
Credit exposure | £ 2,913 | £ 2,195 |
Strong | 0.15 to 0.30% | Contingent liabilities | Gross | Stage 1 | ||
Disclosure of internal credit grades [line items] | ||
Credit exposure | 2,733 | 1,996 |
Strong | 0.15 to 0.30% | Contingent liabilities | Gross | Lifetime expected credit losses | Stage 2 | ||
Disclosure of internal credit grades [line items] | ||
Credit exposure | 180 | 199 |
Strong | 0.15 to 0.30% | Contingent liabilities | Gross | Lifetime expected credit losses | Stage 3 | ||
Disclosure of internal credit grades [line items] | ||
Credit exposure | 0 | 0 |
Strong | 0.15 to 0.30% | Contingent liabilities | ECL | ECL | ||
Disclosure of internal credit grades [line items] | ||
Credit exposure | (6) | (4) |
Strong | 0.15 to 0.30% | Contingent liabilities | ECL | Stage 1 | ||
Disclosure of internal credit grades [line items] | ||
Credit exposure | (3) | (2) |
Strong | 0.15 to 0.30% | Contingent liabilities | ECL | Lifetime expected credit losses | Stage 2 | ||
Disclosure of internal credit grades [line items] | ||
Credit exposure | (3) | (2) |
Strong | 0.15 to 0.30% | Contingent liabilities | ECL | Lifetime expected credit losses | Stage 3 | ||
Disclosure of internal credit grades [line items] | ||
Credit exposure | 0 | 0 |
Strong | 0.15 to 0.30% | Loan commitments | ||
Disclosure of internal credit grades [line items] | ||
Credit exposure | £ 61,594 | £ 24,411 |
Coverage ratio | 0.20% | 0.10% |
Strong | 0.15 to 0.30% | Loan commitments | Gross | ECL | ||
Disclosure of internal credit grades [line items] | ||
Credit exposure | £ 61,608 | £ 24,424 |
Strong | 0.15 to 0.30% | Loan commitments | Gross | Stage 1 | ||
Disclosure of internal credit grades [line items] | ||
Credit exposure | 59,350 | 22,345 |
Strong | 0.15 to 0.30% | Loan commitments | Gross | Lifetime expected credit losses | Stage 2 | ||
Disclosure of internal credit grades [line items] | ||
Credit exposure | 2,258 | 2,079 |
Strong | 0.15 to 0.30% | Loan commitments | Gross | Lifetime expected credit losses | Stage 3 | ||
Disclosure of internal credit grades [line items] | ||
Credit exposure | 0 | 0 |
Strong | 0.15 to 0.30% | Loan commitments | ECL | ECL | ||
Disclosure of internal credit grades [line items] | ||
Credit exposure | (14) | (13) |
Strong | 0.15 to 0.30% | Loan commitments | ECL | Stage 1 | ||
Disclosure of internal credit grades [line items] | ||
Credit exposure | (12) | (7) |
Strong | 0.15 to 0.30% | Loan commitments | ECL | Lifetime expected credit losses | Stage 2 | ||
Disclosure of internal credit grades [line items] | ||
Credit exposure | (2) | (6) |
Strong | 0.15 to 0.30% | Loan commitments | ECL | Lifetime expected credit losses | Stage 3 | ||
Disclosure of internal credit grades [line items] | ||
Credit exposure | 0 | 0 |
Strong | 0.15 to 0.30% | Loans and advances at amortised cost | Financial assets at amortised cost | ||
Disclosure of internal credit grades [line items] | ||
Credit exposure | £ 19,201 | £ 11,962 |
Coverage ratio | 0.20% | 0.20% |
Strong | 0.15 to 0.30% | Loans and advances at amortised cost | Financial assets at amortised cost | Gross | ECL | ||
Disclosure of internal credit grades [line items] | ||
Credit exposure | £ 19,241 | £ 11,984 |
Strong | 0.15 to 0.30% | Loans and advances at amortised cost | Financial assets at amortised cost | Gross | Stage 1 | ||
Disclosure of internal credit grades [line items] | ||
Credit exposure | 14,893 | 10,764 |
Strong | 0.15 to 0.30% | Loans and advances at amortised cost | Financial assets at amortised cost | Gross | Lifetime expected credit losses | Stage 2 | ||
Disclosure of internal credit grades [line items] | ||
Credit exposure | 4,348 | 1,220 |
Strong | 0.15 to 0.30% | Loans and advances at amortised cost | Financial assets at amortised cost | Gross | Lifetime expected credit losses | Stage 3 | ||
Disclosure of internal credit grades [line items] | ||
Credit exposure | 0 | 0 |
Strong | 0.15 to 0.30% | Loans and advances at amortised cost | Financial assets at amortised cost | ECL | ECL | ||
Disclosure of internal credit grades [line items] | ||
Credit exposure | (40) | (22) |
Strong | 0.15 to 0.30% | Loans and advances at amortised cost | Financial assets at amortised cost | ECL | Stage 1 | ||
Disclosure of internal credit grades [line items] | ||
Credit exposure | (24) | (15) |
Strong | 0.15 to 0.30% | Loans and advances at amortised cost | Financial assets at amortised cost | ECL | Lifetime expected credit losses | Stage 2 | ||
Disclosure of internal credit grades [line items] | ||
Credit exposure | (16) | (7) |
Strong | 0.15 to 0.30% | Loans and advances at amortised cost | Financial assets at amortised cost | ECL | Lifetime expected credit losses | Stage 3 | ||
Disclosure of internal credit grades [line items] | ||
Credit exposure | 0 | 0 |
Strong | 0.30 to 0.60% | Contingent liabilities | ||
Disclosure of internal credit grades [line items] | ||
Credit exposure | £ 3,366 | £ 3,005 |
Coverage ratio | 0.30% | 0.20% |
Strong | 0.30 to 0.60% | Contingent liabilities | Gross | ECL | ||
Disclosure of internal credit grades [line items] | ||
Credit exposure | £ 3,375 | £ 3,010 |
Strong | 0.30 to 0.60% | Contingent liabilities | Gross | Stage 1 | ||
Disclosure of internal credit grades [line items] | ||
Credit exposure | 3,161 | 2,794 |
Strong | 0.30 to 0.60% | Contingent liabilities | Gross | Lifetime expected credit losses | Stage 2 | ||
Disclosure of internal credit grades [line items] | ||
Credit exposure | 214 | 216 |
Strong | 0.30 to 0.60% | Contingent liabilities | Gross | Lifetime expected credit losses | Stage 3 | ||
Disclosure of internal credit grades [line items] | ||
Credit exposure | 0 | 0 |
Strong | 0.30 to 0.60% | Contingent liabilities | ECL | ECL | ||
Disclosure of internal credit grades [line items] | ||
Credit exposure | (9) | (5) |
Strong | 0.30 to 0.60% | Contingent liabilities | ECL | Stage 1 | ||
Disclosure of internal credit grades [line items] | ||
Credit exposure | (8) | (4) |
Strong | 0.30 to 0.60% | Contingent liabilities | ECL | Lifetime expected credit losses | Stage 2 | ||
Disclosure of internal credit grades [line items] | ||
Credit exposure | (1) | (1) |
Strong | 0.30 to 0.60% | Contingent liabilities | ECL | Lifetime expected credit losses | Stage 3 | ||
Disclosure of internal credit grades [line items] | ||
Credit exposure | 0 | 0 |
Strong | 0.30 to 0.60% | Loan commitments | ||
Disclosure of internal credit grades [line items] | ||
Credit exposure | £ 42,611 | £ 25,747 |
Coverage ratio | 0.40% | 0% |
Strong | 0.30 to 0.60% | Loan commitments | Gross | ECL | ||
Disclosure of internal credit grades [line items] | ||
Credit exposure | £ 42,628 | £ 25,757 |
Strong | 0.30 to 0.60% | Loan commitments | Gross | Stage 1 | ||
Disclosure of internal credit grades [line items] | ||
Credit exposure | 40,750 | 23,445 |
Strong | 0.30 to 0.60% | Loan commitments | Gross | Lifetime expected credit losses | Stage 2 | ||
Disclosure of internal credit grades [line items] | ||
Credit exposure | 1,878 | 2,312 |
Strong | 0.30 to 0.60% | Loan commitments | Gross | Lifetime expected credit losses | Stage 3 | ||
Disclosure of internal credit grades [line items] | ||
Credit exposure | 0 | 0 |
Strong | 0.30 to 0.60% | Loan commitments | ECL | ECL | ||
Disclosure of internal credit grades [line items] | ||
Credit exposure | (17) | (10) |
Strong | 0.30 to 0.60% | Loan commitments | ECL | Stage 1 | ||
Disclosure of internal credit grades [line items] | ||
Credit exposure | (13) | (5) |
Strong | 0.30 to 0.60% | Loan commitments | ECL | Lifetime expected credit losses | Stage 2 | ||
Disclosure of internal credit grades [line items] | ||
Credit exposure | (4) | (5) |
Strong | 0.30 to 0.60% | Loan commitments | ECL | Lifetime expected credit losses | Stage 3 | ||
Disclosure of internal credit grades [line items] | ||
Credit exposure | 0 | 0 |
Strong | 0.30 to 0.60% | Loans and advances at amortised cost | Financial assets at amortised cost | ||
Disclosure of internal credit grades [line items] | ||
Credit exposure | £ 31,616 | £ 22,931 |
Coverage ratio | 0.30% | 0.30% |
Strong | 0.30 to 0.60% | Loans and advances at amortised cost | Financial assets at amortised cost | Gross | ECL | ||
Disclosure of internal credit grades [line items] | ||
Credit exposure | £ 31,716 | £ 23,001 |
Strong | 0.30 to 0.60% | Loans and advances at amortised cost | Financial assets at amortised cost | Gross | Stage 1 | ||
Disclosure of internal credit grades [line items] | ||
Credit exposure | 30,577 | 21,865 |
Strong | 0.30 to 0.60% | Loans and advances at amortised cost | Financial assets at amortised cost | Gross | Lifetime expected credit losses | Stage 2 | ||
Disclosure of internal credit grades [line items] | ||
Credit exposure | 1,139 | 1,136 |
Strong | 0.30 to 0.60% | Loans and advances at amortised cost | Financial assets at amortised cost | Gross | Lifetime expected credit losses | Stage 3 | ||
Disclosure of internal credit grades [line items] | ||
Credit exposure | 0 | 0 |
Strong | 0.30 to 0.60% | Loans and advances at amortised cost | Financial assets at amortised cost | ECL | ECL | ||
Disclosure of internal credit grades [line items] | ||
Credit exposure | (100) | (70) |
Strong | 0.30 to 0.60% | Loans and advances at amortised cost | Financial assets at amortised cost | ECL | Stage 1 | ||
Disclosure of internal credit grades [line items] | ||
Credit exposure | (87) | (55) |
Strong | 0.30 to 0.60% | Loans and advances at amortised cost | Financial assets at amortised cost | ECL | Lifetime expected credit losses | Stage 2 | ||
Disclosure of internal credit grades [line items] | ||
Credit exposure | (13) | (15) |
Strong | 0.30 to 0.60% | Loans and advances at amortised cost | Financial assets at amortised cost | ECL | Lifetime expected credit losses | Stage 3 | ||
Disclosure of internal credit grades [line items] | ||
Credit exposure | 0 | 0 |
Satisfactory | 0.60 to 2.15% | Contingent liabilities | ||
Disclosure of internal credit grades [line items] | ||
Credit exposure | £ 2,713 | £ 2,249 |
Coverage ratio | 1% | 1.20% |
Satisfactory | 0.60 to 2.15% | Contingent liabilities | Gross | ECL | ||
Disclosure of internal credit grades [line items] | ||
Credit exposure | £ 2,740 | £ 2,276 |
Satisfactory | 0.60 to 2.15% | Contingent liabilities | Gross | Stage 1 | ||
Disclosure of internal credit grades [line items] | ||
Credit exposure | 1,989 | 1,990 |
Satisfactory | 0.60 to 2.15% | Contingent liabilities | Gross | Lifetime expected credit losses | Stage 2 | ||
Disclosure of internal credit grades [line items] | ||
Credit exposure | 751 | 286 |
Satisfactory | 0.60 to 2.15% | Contingent liabilities | Gross | Lifetime expected credit losses | Stage 3 | ||
Disclosure of internal credit grades [line items] | ||
Credit exposure | 0 | 0 |
Satisfactory | 0.60 to 2.15% | Contingent liabilities | ECL | ECL | ||
Disclosure of internal credit grades [line items] | ||
Credit exposure | (27) | (27) |
Satisfactory | 0.60 to 2.15% | Contingent liabilities | ECL | Stage 1 | ||
Disclosure of internal credit grades [line items] | ||
Credit exposure | (21) | (19) |
Satisfactory | 0.60 to 2.15% | Contingent liabilities | ECL | Lifetime expected credit losses | Stage 2 | ||
Disclosure of internal credit grades [line items] | ||
Credit exposure | (6) | (8) |
Satisfactory | 0.60 to 2.15% | Contingent liabilities | ECL | Lifetime expected credit losses | Stage 3 | ||
Disclosure of internal credit grades [line items] | ||
Credit exposure | 0 | 0 |
Satisfactory | 0.60 to 2.15% | Loan commitments | ||
Disclosure of internal credit grades [line items] | ||
Credit exposure | £ 30,394 | £ 26,327 |
Coverage ratio | 0.20% | 0.40% |
Satisfactory | 0.60 to 2.15% | Loan commitments | Gross | ECL | ||
Disclosure of internal credit grades [line items] | ||
Credit exposure | £ 30,455 | £ 26,429 |
Satisfactory | 0.60 to 2.15% | Loan commitments | Gross | Stage 1 | ||
Disclosure of internal credit grades [line items] | ||
Credit exposure | 26,100 | 23,189 |
Satisfactory | 0.60 to 2.15% | Loan commitments | Gross | Lifetime expected credit losses | Stage 2 | ||
Disclosure of internal credit grades [line items] | ||
Credit exposure | 4,355 | 3,240 |
Satisfactory | 0.60 to 2.15% | Loan commitments | Gross | Lifetime expected credit losses | Stage 3 | ||
Disclosure of internal credit grades [line items] | ||
Credit exposure | 0 | 0 |
Satisfactory | 0.60 to 2.15% | Loan commitments | ECL | ECL | ||
Disclosure of internal credit grades [line items] | ||
Credit exposure | (61) | (102) |
Satisfactory | 0.60 to 2.15% | Loan commitments | ECL | Stage 1 | ||
Disclosure of internal credit grades [line items] | ||
Credit exposure | (47) | (79) |
Satisfactory | 0.60 to 2.15% | Loan commitments | ECL | Lifetime expected credit losses | Stage 2 | ||
Disclosure of internal credit grades [line items] | ||
Credit exposure | (14) | (23) |
Satisfactory | 0.60 to 2.15% | Loan commitments | ECL | Lifetime expected credit losses | Stage 3 | ||
Disclosure of internal credit grades [line items] | ||
Credit exposure | 0 | 0 |
Satisfactory | 0.60 to 2.15% | Loans and advances at amortised cost | Financial assets at amortised cost | ||
Disclosure of internal credit grades [line items] | ||
Credit exposure | £ 20,291 | £ 19,661 |
Coverage ratio | 1.40% | 1.40% |
Satisfactory | 0.60 to 2.15% | Loans and advances at amortised cost | Financial assets at amortised cost | Gross | ECL | ||
Disclosure of internal credit grades [line items] | ||
Credit exposure | £ 20,584 | £ 19,937 |
Satisfactory | 0.60 to 2.15% | Loans and advances at amortised cost | Financial assets at amortised cost | Gross | Stage 1 | ||
Disclosure of internal credit grades [line items] | ||
Credit exposure | 17,488 | 16,429 |
Satisfactory | 0.60 to 2.15% | Loans and advances at amortised cost | Financial assets at amortised cost | Gross | Lifetime expected credit losses | Stage 2 | ||
Disclosure of internal credit grades [line items] | ||
Credit exposure | 3,096 | 3,508 |
Satisfactory | 0.60 to 2.15% | Loans and advances at amortised cost | Financial assets at amortised cost | Gross | Lifetime expected credit losses | Stage 3 | ||
Disclosure of internal credit grades [line items] | ||
Credit exposure | 0 | 0 |
Satisfactory | 0.60 to 2.15% | Loans and advances at amortised cost | Financial assets at amortised cost | ECL | ECL | ||
Disclosure of internal credit grades [line items] | ||
Credit exposure | (293) | (276) |
Satisfactory | 0.60 to 2.15% | Loans and advances at amortised cost | Financial assets at amortised cost | ECL | Stage 1 | ||
Disclosure of internal credit grades [line items] | ||
Credit exposure | (169) | (160) |
Satisfactory | 0.60 to 2.15% | Loans and advances at amortised cost | Financial assets at amortised cost | ECL | Lifetime expected credit losses | Stage 2 | ||
Disclosure of internal credit grades [line items] | ||
Credit exposure | (124) | (116) |
Satisfactory | 0.60 to 2.15% | Loans and advances at amortised cost | Financial assets at amortised cost | ECL | Lifetime expected credit losses | Stage 3 | ||
Disclosure of internal credit grades [line items] | ||
Credit exposure | 0 | 0 |
Satisfactory | 2.15 to 10% | Contingent liabilities | ||
Disclosure of internal credit grades [line items] | ||
Credit exposure | £ 1,381 | £ 1,281 |
Coverage ratio | 1.80% | 1.20% |
Satisfactory | 2.15 to 10% | Contingent liabilities | Gross | ECL | ||
Disclosure of internal credit grades [line items] | ||
Credit exposure | £ 1,406 | £ 1,296 |
Satisfactory | 2.15 to 10% | Contingent liabilities | Gross | Stage 1 | ||
Disclosure of internal credit grades [line items] | ||
Credit exposure | 910 | 817 |
Satisfactory | 2.15 to 10% | Contingent liabilities | Gross | Lifetime expected credit losses | Stage 2 | ||
Disclosure of internal credit grades [line items] | ||
Credit exposure | 496 | 479 |
Satisfactory | 2.15 to 10% | Contingent liabilities | Gross | Lifetime expected credit losses | Stage 3 | ||
Disclosure of internal credit grades [line items] | ||
Credit exposure | 0 | 0 |
Satisfactory | 2.15 to 10% | Contingent liabilities | ECL | ECL | ||
Disclosure of internal credit grades [line items] | ||
Credit exposure | (25) | (15) |
Satisfactory | 2.15 to 10% | Contingent liabilities | ECL | Stage 1 | ||
Disclosure of internal credit grades [line items] | ||
Credit exposure | (8) | (5) |
Satisfactory | 2.15 to 10% | Contingent liabilities | ECL | Lifetime expected credit losses | Stage 2 | ||
Disclosure of internal credit grades [line items] | ||
Credit exposure | (17) | (10) |
Satisfactory | 2.15 to 10% | Contingent liabilities | ECL | Lifetime expected credit losses | Stage 3 | ||
Disclosure of internal credit grades [line items] | ||
Credit exposure | 0 | 0 |
Satisfactory | 2.15 to 10% | Loan commitments | ||
Disclosure of internal credit grades [line items] | ||
Credit exposure | £ 22,508 | £ 9,070 |
Coverage ratio | 0.30% | 0.50% |
Satisfactory | 2.15 to 10% | Loan commitments | Gross | ECL | ||
Disclosure of internal credit grades [line items] | ||
Credit exposure | £ 22,578 | £ 9,111 |
Satisfactory | 2.15 to 10% | Loan commitments | Gross | Stage 1 | ||
Disclosure of internal credit grades [line items] | ||
Credit exposure | 18,925 | 6,362 |
Satisfactory | 2.15 to 10% | Loan commitments | Gross | Lifetime expected credit losses | Stage 2 | ||
Disclosure of internal credit grades [line items] | ||
Credit exposure | 3,653 | 2,749 |
Satisfactory | 2.15 to 10% | Loan commitments | Gross | Lifetime expected credit losses | Stage 3 | ||
Disclosure of internal credit grades [line items] | ||
Credit exposure | 0 | 0 |
Satisfactory | 2.15 to 10% | Loan commitments | ECL | ECL | ||
Disclosure of internal credit grades [line items] | ||
Credit exposure | (70) | (41) |
Satisfactory | 2.15 to 10% | Loan commitments | ECL | Stage 1 | ||
Disclosure of internal credit grades [line items] | ||
Credit exposure | (32) | (20) |
Satisfactory | 2.15 to 10% | Loan commitments | ECL | Lifetime expected credit losses | Stage 2 | ||
Disclosure of internal credit grades [line items] | ||
Credit exposure | (38) | (21) |
Satisfactory | 2.15 to 10% | Loan commitments | ECL | Lifetime expected credit losses | Stage 3 | ||
Disclosure of internal credit grades [line items] | ||
Credit exposure | 0 | 0 |
Satisfactory | 2.15 to 10% | Loans and advances at amortised cost | Financial assets at amortised cost | ||
Disclosure of internal credit grades [line items] | ||
Credit exposure | £ 15,310 | £ 11,177 |
Coverage ratio | 4.20% | 4% |
Satisfactory | 2.15 to 10% | Loans and advances at amortised cost | Financial assets at amortised cost | Gross | ECL | ||
Disclosure of internal credit grades [line items] | ||
Credit exposure | £ 15,989 | £ 11,648 |
Satisfactory | 2.15 to 10% | Loans and advances at amortised cost | Financial assets at amortised cost | Gross | Stage 1 | ||
Disclosure of internal credit grades [line items] | ||
Credit exposure | 12,130 | 6,653 |
Satisfactory | 2.15 to 10% | Loans and advances at amortised cost | Financial assets at amortised cost | Gross | Lifetime expected credit losses | Stage 2 | ||
Disclosure of internal credit grades [line items] | ||
Credit exposure | 3,859 | 4,995 |
Satisfactory | 2.15 to 10% | Loans and advances at amortised cost | Financial assets at amortised cost | Gross | Lifetime expected credit losses | Stage 3 | ||
Disclosure of internal credit grades [line items] | ||
Credit exposure | 0 | 0 |
Satisfactory | 2.15 to 10% | Loans and advances at amortised cost | Financial assets at amortised cost | ECL | ECL | ||
Disclosure of internal credit grades [line items] | ||
Credit exposure | (679) | (471) |
Satisfactory | 2.15 to 10% | Loans and advances at amortised cost | Financial assets at amortised cost | ECL | Stage 1 | ||
Disclosure of internal credit grades [line items] | ||
Credit exposure | (147) | (169) |
Satisfactory | 2.15 to 10% | Loans and advances at amortised cost | Financial assets at amortised cost | ECL | Lifetime expected credit losses | Stage 2 | ||
Disclosure of internal credit grades [line items] | ||
Credit exposure | (532) | (302) |
Satisfactory | 2.15 to 10% | Loans and advances at amortised cost | Financial assets at amortised cost | ECL | Lifetime expected credit losses | Stage 3 | ||
Disclosure of internal credit grades [line items] | ||
Credit exposure | 0 | 0 |
Satisfactory | 10 to 11.35% | Contingent liabilities | ||
Disclosure of internal credit grades [line items] | ||
Credit exposure | £ 847 | £ 798 |
Coverage ratio | 6.50% | 7.30% |
Satisfactory | 10 to 11.35% | Contingent liabilities | Gross | ECL | ||
Disclosure of internal credit grades [line items] | ||
Credit exposure | £ 906 | £ 861 |
Satisfactory | 10 to 11.35% | Contingent liabilities | Gross | Stage 1 | ||
Disclosure of internal credit grades [line items] | ||
Credit exposure | 716 | 607 |
Satisfactory | 10 to 11.35% | Contingent liabilities | Gross | Lifetime expected credit losses | Stage 2 | ||
Disclosure of internal credit grades [line items] | ||
Credit exposure | 190 | 254 |
Satisfactory | 10 to 11.35% | Contingent liabilities | Gross | Lifetime expected credit losses | Stage 3 | ||
Disclosure of internal credit grades [line items] | ||
Credit exposure | 0 | 0 |
Satisfactory | 10 to 11.35% | Contingent liabilities | ECL | ECL | ||
Disclosure of internal credit grades [line items] | ||
Credit exposure | (59) | (63) |
Satisfactory | 10 to 11.35% | Contingent liabilities | ECL | Stage 1 | ||
Disclosure of internal credit grades [line items] | ||
Credit exposure | (41) | (21) |
Satisfactory | 10 to 11.35% | Contingent liabilities | ECL | Lifetime expected credit losses | Stage 2 | ||
Disclosure of internal credit grades [line items] | ||
Credit exposure | (18) | (42) |
Satisfactory | 10 to 11.35% | Contingent liabilities | ECL | Lifetime expected credit losses | Stage 3 | ||
Disclosure of internal credit grades [line items] | ||
Credit exposure | 0 | 0 |
Satisfactory | 10 to 11.35% | Loan commitments | ||
Disclosure of internal credit grades [line items] | ||
Credit exposure | £ 12,939 | £ 13,213 |
Coverage ratio | 0.40% | 0.20% |
Satisfactory | 10 to 11.35% | Loan commitments | Gross | ECL | ||
Disclosure of internal credit grades [line items] | ||
Credit exposure | £ 12,995 | £ 13,234 |
Satisfactory | 10 to 11.35% | Loan commitments | Gross | Stage 1 | ||
Disclosure of internal credit grades [line items] | ||
Credit exposure | 10,241 | 10,270 |
Satisfactory | 10 to 11.35% | Loan commitments | Gross | Lifetime expected credit losses | Stage 2 | ||
Disclosure of internal credit grades [line items] | ||
Credit exposure | 2,754 | 2,964 |
Satisfactory | 10 to 11.35% | Loan commitments | Gross | Lifetime expected credit losses | Stage 3 | ||
Disclosure of internal credit grades [line items] | ||
Credit exposure | 0 | 0 |
Satisfactory | 10 to 11.35% | Loan commitments | ECL | ECL | ||
Disclosure of internal credit grades [line items] | ||
Credit exposure | (56) | (21) |
Satisfactory | 10 to 11.35% | Loan commitments | ECL | Stage 1 | ||
Disclosure of internal credit grades [line items] | ||
Credit exposure | (29) | (8) |
Satisfactory | 10 to 11.35% | Loan commitments | ECL | Lifetime expected credit losses | Stage 2 | ||
Disclosure of internal credit grades [line items] | ||
Credit exposure | (27) | (13) |
Satisfactory | 10 to 11.35% | Loan commitments | ECL | Lifetime expected credit losses | Stage 3 | ||
Disclosure of internal credit grades [line items] | ||
Credit exposure | 0 | 0 |
Satisfactory | 10 to 11.35% | Loans and advances at amortised cost | Financial assets at amortised cost | ||
Disclosure of internal credit grades [line items] | ||
Credit exposure | £ 8,572 | £ 3,141 |
Coverage ratio | 3.30% | 8.50% |
Satisfactory | 10 to 11.35% | Loans and advances at amortised cost | Financial assets at amortised cost | Gross | ECL | ||
Disclosure of internal credit grades [line items] | ||
Credit exposure | £ 8,867 | £ 3,432 |
Satisfactory | 10 to 11.35% | Loans and advances at amortised cost | Financial assets at amortised cost | Gross | Stage 1 | ||
Disclosure of internal credit grades [line items] | ||
Credit exposure | 6,227 | 2,156 |
Satisfactory | 10 to 11.35% | Loans and advances at amortised cost | Financial assets at amortised cost | Gross | Lifetime expected credit losses | Stage 2 | ||
Disclosure of internal credit grades [line items] | ||
Credit exposure | 2,640 | 1,276 |
Satisfactory | 10 to 11.35% | Loans and advances at amortised cost | Financial assets at amortised cost | Gross | Lifetime expected credit losses | Stage 3 | ||
Disclosure of internal credit grades [line items] | ||
Credit exposure | 0 | 0 |
Satisfactory | 10 to 11.35% | Loans and advances at amortised cost | Financial assets at amortised cost | ECL | ECL | ||
Disclosure of internal credit grades [line items] | ||
Credit exposure | (295) | (291) |
Satisfactory | 10 to 11.35% | Loans and advances at amortised cost | Financial assets at amortised cost | ECL | Stage 1 | ||
Disclosure of internal credit grades [line items] | ||
Credit exposure | (199) | (39) |
Satisfactory | 10 to 11.35% | Loans and advances at amortised cost | Financial assets at amortised cost | ECL | Lifetime expected credit losses | Stage 2 | ||
Disclosure of internal credit grades [line items] | ||
Credit exposure | (96) | (252) |
Satisfactory | 10 to 11.35% | Loans and advances at amortised cost | Financial assets at amortised cost | ECL | Lifetime expected credit losses | Stage 3 | ||
Disclosure of internal credit grades [line items] | ||
Credit exposure | 0 | 0 |
Higher Risk | 11.35% to 100% | Contingent liabilities | ||
Disclosure of internal credit grades [line items] | ||
Credit exposure | £ 432 | £ 1,223 |
Coverage ratio | 13.30% | 6.10% |
Higher Risk | 11.35% to 100% | Contingent liabilities | Gross | ECL | ||
Disclosure of internal credit grades [line items] | ||
Credit exposure | £ 498 | £ 1,303 |
Higher Risk | 11.35% to 100% | Contingent liabilities | Gross | Stage 1 | ||
Disclosure of internal credit grades [line items] | ||
Credit exposure | 58 | 141 |
Higher Risk | 11.35% to 100% | Contingent liabilities | Gross | Lifetime expected credit losses | Stage 2 | ||
Disclosure of internal credit grades [line items] | ||
Credit exposure | 440 | 1,162 |
Higher Risk | 11.35% to 100% | Contingent liabilities | Gross | Lifetime expected credit losses | Stage 3 | ||
Disclosure of internal credit grades [line items] | ||
Credit exposure | 0 | 0 |
Higher Risk | 11.35% to 100% | Contingent liabilities | ECL | ECL | ||
Disclosure of internal credit grades [line items] | ||
Credit exposure | (66) | (80) |
Higher Risk | 11.35% to 100% | Contingent liabilities | ECL | Stage 1 | ||
Disclosure of internal credit grades [line items] | ||
Credit exposure | (2) | (3) |
Higher Risk | 11.35% to 100% | Contingent liabilities | ECL | Lifetime expected credit losses | Stage 2 | ||
Disclosure of internal credit grades [line items] | ||
Credit exposure | (64) | (77) |
Higher Risk | 11.35% to 100% | Contingent liabilities | ECL | Lifetime expected credit losses | Stage 3 | ||
Disclosure of internal credit grades [line items] | ||
Credit exposure | 0 | 0 |
Higher Risk | 11.35% to 100% | Loan commitments | ||
Disclosure of internal credit grades [line items] | ||
Credit exposure | £ 4,483 | £ 8,799 |
Coverage ratio | 1.80% | 0.70% |
Higher Risk | 11.35% to 100% | Loan commitments | Gross | ECL | ||
Disclosure of internal credit grades [line items] | ||
Credit exposure | £ 4,564 | £ 8,865 |
Higher Risk | 11.35% to 100% | Loan commitments | Gross | Stage 1 | ||
Disclosure of internal credit grades [line items] | ||
Credit exposure | 678 | 2,196 |
Higher Risk | 11.35% to 100% | Loan commitments | Gross | Lifetime expected credit losses | Stage 2 | ||
Disclosure of internal credit grades [line items] | ||
Credit exposure | 3,886 | 6,669 |
Higher Risk | 11.35% to 100% | Loan commitments | Gross | Lifetime expected credit losses | Stage 3 | ||
Disclosure of internal credit grades [line items] | ||
Credit exposure | 0 | 0 |
Higher Risk | 11.35% to 100% | Loan commitments | ECL | ECL | ||
Disclosure of internal credit grades [line items] | ||
Credit exposure | (81) | (66) |
Higher Risk | 11.35% to 100% | Loan commitments | ECL | Stage 1 | ||
Disclosure of internal credit grades [line items] | ||
Credit exposure | (3) | (11) |
Higher Risk | 11.35% to 100% | Loan commitments | ECL | Lifetime expected credit losses | Stage 2 | ||
Disclosure of internal credit grades [line items] | ||
Credit exposure | (78) | (55) |
Higher Risk | 11.35% to 100% | Loan commitments | ECL | Lifetime expected credit losses | Stage 3 | ||
Disclosure of internal credit grades [line items] | ||
Credit exposure | 0 | 0 |
Higher Risk | 11.35% to 100% | Loans and advances at amortised cost | Financial assets at amortised cost | ||
Disclosure of internal credit grades [line items] | ||
Credit exposure | £ 2,665 | £ 3,398 |
Coverage ratio | 21.90% | 10.30% |
Higher Risk | 11.35% to 100% | Loans and advances at amortised cost | Financial assets at amortised cost | Gross | ECL | ||
Disclosure of internal credit grades [line items] | ||
Credit exposure | £ 3,411 | £ 3,789 |
Higher Risk | 11.35% to 100% | Loans and advances at amortised cost | Financial assets at amortised cost | Gross | Stage 1 | ||
Disclosure of internal credit grades [line items] | ||
Credit exposure | 624 | 593 |
Higher Risk | 11.35% to 100% | Loans and advances at amortised cost | Financial assets at amortised cost | Gross | Lifetime expected credit losses | Stage 2 | ||
Disclosure of internal credit grades [line items] | ||
Credit exposure | 2,787 | 3,196 |
Higher Risk | 11.35% to 100% | Loans and advances at amortised cost | Financial assets at amortised cost | Gross | Lifetime expected credit losses | Stage 3 | ||
Disclosure of internal credit grades [line items] | ||
Credit exposure | 0 | 0 |
Higher Risk | 11.35% to 100% | Loans and advances at amortised cost | Financial assets at amortised cost | ECL | ECL | ||
Disclosure of internal credit grades [line items] | ||
Credit exposure | (746) | (391) |
Higher Risk | 11.35% to 100% | Loans and advances at amortised cost | Financial assets at amortised cost | ECL | Stage 1 | ||
Disclosure of internal credit grades [line items] | ||
Credit exposure | (54) | (72) |
Higher Risk | 11.35% to 100% | Loans and advances at amortised cost | Financial assets at amortised cost | ECL | Lifetime expected credit losses | Stage 2 | ||
Disclosure of internal credit grades [line items] | ||
Credit exposure | (692) | (319) |
Higher Risk | 11.35% to 100% | Loans and advances at amortised cost | Financial assets at amortised cost | ECL | Lifetime expected credit losses | Stage 3 | ||
Disclosure of internal credit grades [line items] | ||
Credit exposure | £ 0 | £ 0 |
Other disclosures - Risk Man_15
Other disclosures - Risk Management and Principal Risks - Management VaR (95%, one day) (audited) (Details) - GBP (£) £ in Millions | Dec. 31, 2022 | Dec. 31, 2021 |
Average | ||
Disclosure of nature and extent of risks arising from financial instruments [line items] | ||
Value at risk | £ 36 | £ 19 |
Top of range | ||
Disclosure of nature and extent of risks arising from financial instruments [line items] | ||
Value at risk | 72 | 36 |
Bottom of range | ||
Disclosure of nature and extent of risks arising from financial instruments [line items] | ||
Value at risk | 14 | 6 |
Credit risk | Average | ||
Disclosure of nature and extent of risks arising from financial instruments [line items] | ||
Value at risk | 25 | 14 |
Credit risk | Top of range | ||
Disclosure of nature and extent of risks arising from financial instruments [line items] | ||
Value at risk | 71 | 30 |
Credit risk | Bottom of range | ||
Disclosure of nature and extent of risks arising from financial instruments [line items] | ||
Value at risk | 8 | 7 |
Interest rate risk | Average | ||
Disclosure of nature and extent of risks arising from financial instruments [line items] | ||
Value at risk | 13 | 7 |
Interest rate risk | Top of range | ||
Disclosure of nature and extent of risks arising from financial instruments [line items] | ||
Value at risk | 23 | 14 |
Interest rate risk | Bottom of range | ||
Disclosure of nature and extent of risks arising from financial instruments [line items] | ||
Value at risk | 4 | 4 |
Equity risk | Average | ||
Disclosure of nature and extent of risks arising from financial instruments [line items] | ||
Value at risk | 10 | 9 |
Equity risk | Top of range | ||
Disclosure of nature and extent of risks arising from financial instruments [line items] | ||
Value at risk | 29 | 29 |
Equity risk | Bottom of range | ||
Disclosure of nature and extent of risks arising from financial instruments [line items] | ||
Value at risk | 4 | 4 |
Basis risk | Average | ||
Disclosure of nature and extent of risks arising from financial instruments [line items] | ||
Value at risk | 12 | 5 |
Basis risk | Top of range | ||
Disclosure of nature and extent of risks arising from financial instruments [line items] | ||
Value at risk | 24 | 10 |
Basis risk | Bottom of range | ||
Disclosure of nature and extent of risks arising from financial instruments [line items] | ||
Value at risk | 4 | 3 |
Spread risk | Average | ||
Disclosure of nature and extent of risks arising from financial instruments [line items] | ||
Value at risk | 7 | 4 |
Spread risk | Top of range | ||
Disclosure of nature and extent of risks arising from financial instruments [line items] | ||
Value at risk | 11 | 6 |
Spread risk | Bottom of range | ||
Disclosure of nature and extent of risks arising from financial instruments [line items] | ||
Value at risk | 3 | 3 |
Foreign exchange risk | Average | ||
Disclosure of nature and extent of risks arising from financial instruments [line items] | ||
Value at risk | 7 | 4 |
Foreign exchange risk | Top of range | ||
Disclosure of nature and extent of risks arising from financial instruments [line items] | ||
Value at risk | 25 | 16 |
Foreign exchange risk | Bottom of range | ||
Disclosure of nature and extent of risks arising from financial instruments [line items] | ||
Value at risk | 2 | 1 |
Commodity risk | Average | ||
Disclosure of nature and extent of risks arising from financial instruments [line items] | ||
Value at risk | 0 | 0 |
Commodity risk | Top of range | ||
Disclosure of nature and extent of risks arising from financial instruments [line items] | ||
Value at risk | 1 | 1 |
Commodity risk | Bottom of range | ||
Disclosure of nature and extent of risks arising from financial instruments [line items] | ||
Value at risk | 0 | 0 |
Inflation risk | Average | ||
Disclosure of nature and extent of risks arising from financial instruments [line items] | ||
Value at risk | 7 | 3 |
Inflation risk | Top of range | ||
Disclosure of nature and extent of risks arising from financial instruments [line items] | ||
Value at risk | 17 | 5 |
Inflation risk | Bottom of range | ||
Disclosure of nature and extent of risks arising from financial instruments [line items] | ||
Value at risk | 3 | 2 |
Diversification effect | Average | ||
Disclosure of nature and extent of risks arising from financial instruments [line items] | ||
Value at risk | £ (45) | £ (27) |
Other disclosures - Risk Man_16
Other disclosures - Risk Management and Principal Risks - Contractual maturity of financial assets and liabilities (audited) (Details) - GBP (£) £ in Millions | Dec. 31, 2022 | Dec. 31, 2021 | Dec. 31, 2020 |
Assets | |||
Cash and balances at central banks | £ 202,142 | £ 169,085 | £ 155,902 |
Cash collateral and settlement balances | 107,862 | 88,085 | |
Loans and advances at amortised cost | 182,507 | 145,259 | |
Reverse repurchase agreements and other similar secured lending | 725 | 3,177 | |
Trading Portfolio Assets | 133,771 | 146,871 | |
Financial assets at fair value through the income statement | 211,128 | 188,226 | |
Derivative financial instruments | 302,976 | 262,291 | |
Financial assets at fair value through other comprehensive income | 45,084 | 45,908 | |
Other financial assets | 1,503 | 994 | |
Total financial assets | 1,187,698 | 1,049,896 | |
Other assets | 15,839 | 11,882 | |
Total assets | 1,203,537 | 1,061,778 | 1,059,700 |
Liabilities | |||
Deposits at amortised cost | 291,579 | 262,828 | |
Cash collateral and settlement balances | 96,811 | 79,047 | |
Repurchase agreements and other similar secured borrowing | 11,965 | 12,769 | |
Debt securities in issue | 60,012 | 48,388 | |
Subordinated liabilities | 38,253 | 32,185 | 32,005 |
Trading portfolio liabilities | 72,460 | 53,291 | |
Financial liabilities designated at fair value | 272,055 | 251,131 | |
Derivative financial instruments | 289,206 | 256,523 | |
Other financial liabilities | 7,806 | 4,592 | |
Total financial liabilities | 1,140,147 | 1,000,754 | |
Other liabilities | 4,437 | 4,707 | |
Total liabilities | 1,144,584 | 1,005,461 | |
Cumulative liquidity gap | 58,953 | 56,317 | £ 53,710 |
On demand | |||
Assets | |||
Cash and balances at central banks | 201,888 | 168,881 | |
Cash collateral and settlement balances | 3,010 | 2,743 | |
Loans and advances at amortised cost | 15,961 | 17,470 | |
Reverse repurchase agreements and other similar secured lending | 127 | 58 | |
Trading Portfolio Assets | 133,771 | 146,871 | |
Financial assets at fair value through the income statement | 32,032 | 24,174 | |
Derivative financial instruments | 302,665 | 262,046 | |
Financial assets at fair value through other comprehensive income | 8 | 0 | |
Other financial assets | 285 | 607 | |
Total financial assets | 689,747 | 622,850 | |
Liabilities | |||
Deposits at amortised cost | 196,398 | 201,501 | |
Cash collateral and settlement balances | 3,013 | 2,951 | |
Repurchase agreements and other similar secured borrowing | 256 | 20 | |
Debt securities in issue | 0 | 0 | |
Subordinated liabilities | 0 | 0 | |
Trading portfolio liabilities | 72,460 | 53,291 | |
Financial liabilities designated at fair value | 10,844 | 21,339 | |
Derivative financial instruments | 288,398 | 255,471 | |
Other financial liabilities | 56 | 87 | |
Total financial liabilities | 571,425 | 534,660 | |
Cumulative liquidity gap | 118,322 | 88,190 | |
Not more than three months | |||
Assets | |||
Cash and balances at central banks | 254 | 204 | |
Cash collateral and settlement balances | 104,852 | 85,342 | |
Loans and advances at amortised cost | 11,458 | 7,855 | |
Reverse repurchase agreements and other similar secured lending | 597 | 2,934 | |
Trading Portfolio Assets | 0 | 0 | |
Financial assets at fair value through the income statement | 147,655 | 127,244 | |
Derivative financial instruments | 91 | 36 | |
Financial assets at fair value through other comprehensive income | 3,391 | 3,194 | |
Other financial assets | 1,062 | 255 | |
Total financial assets | 269,360 | 227,064 | |
Liabilities | |||
Deposits at amortised cost | 62,314 | 41,632 | |
Cash collateral and settlement balances | 93,798 | 76,096 | |
Repurchase agreements and other similar secured borrowing | 9,578 | 5,022 | |
Debt securities in issue | 27,136 | 18,274 | |
Subordinated liabilities | 17 | 1,005 | |
Trading portfolio liabilities | 0 | 0 | |
Financial liabilities designated at fair value | 187,160 | 158,078 | |
Derivative financial instruments | 15 | 4 | |
Other financial liabilities | 7,176 | 3,656 | |
Total financial liabilities | 387,194 | 303,767 | |
Cumulative liquidity gap | 488 | 11,487 | |
Over three months but not more than six months | |||
Assets | |||
Cash and balances at central banks | 0 | 0 | |
Cash collateral and settlement balances | 0 | 0 | |
Loans and advances at amortised cost | 7,606 | 6,745 | |
Reverse repurchase agreements and other similar secured lending | 0 | 0 | |
Trading Portfolio Assets | 0 | 0 | |
Financial assets at fair value through the income statement | 7,003 | 9,280 | |
Derivative financial instruments | 19 | 1 | |
Financial assets at fair value through other comprehensive income | 2,871 | 1,080 | |
Other financial assets | 112 | 130 | |
Total financial assets | 17,611 | 17,236 | |
Liabilities | |||
Deposits at amortised cost | 18,918 | 12,380 | |
Cash collateral and settlement balances | 0 | 0 | |
Repurchase agreements and other similar secured borrowing | 0 | 0 | |
Debt securities in issue | 12,516 | 12,150 | |
Subordinated liabilities | 240 | 0 | |
Trading portfolio liabilities | 0 | 0 | |
Financial liabilities designated at fair value | 14,352 | 16,857 | |
Derivative financial instruments | 58 | 22 | |
Other financial liabilities | 17 | 15 | |
Total financial liabilities | 46,101 | 41,424 | |
Cumulative liquidity gap | (28,002) | (12,701) | |
Over six months but not more than nine months | |||
Assets | |||
Cash and balances at central banks | 0 | 0 | |
Cash collateral and settlement balances | 0 | 0 | |
Loans and advances at amortised cost | 7,082 | 4,238 | |
Reverse repurchase agreements and other similar secured lending | 0 | 0 | |
Trading Portfolio Assets | 0 | 0 | |
Financial assets at fair value through the income statement | 4,842 | 7,036 | |
Derivative financial instruments | 0 | 0 | |
Financial assets at fair value through other comprehensive income | 583 | 449 | |
Other financial assets | 0 | 2 | |
Total financial assets | 12,507 | 11,725 | |
Liabilities | |||
Deposits at amortised cost | 4,384 | 1,920 | |
Cash collateral and settlement balances | 0 | 0 | |
Repurchase agreements and other similar secured borrowing | 0 | 0 | |
Debt securities in issue | 4,691 | 5,845 | |
Subordinated liabilities | 974 | 74 | |
Trading portfolio liabilities | 0 | 0 | |
Financial liabilities designated at fair value | 5,292 | 10,267 | |
Derivative financial instruments | 4 | 0 | |
Other financial liabilities | 18 | 15 | |
Total financial liabilities | 15,363 | 18,121 | |
Cumulative liquidity gap | (30,858) | (19,097) | |
Over nine months but not more than one year | |||
Assets | |||
Cash and balances at central banks | 0 | 0 | |
Cash collateral and settlement balances | 0 | 0 | |
Loans and advances at amortised cost | 10,261 | 9,611 | |
Reverse repurchase agreements and other similar secured lending | 0 | 0 | |
Trading Portfolio Assets | 0 | 0 | |
Financial assets at fair value through the income statement | 2,036 | 3,336 | |
Derivative financial instruments | 4 | 0 | |
Financial assets at fair value through other comprehensive income | 132 | 547 | |
Other financial assets | 43 | 0 | |
Total financial assets | 12,476 | 13,494 | |
Liabilities | |||
Deposits at amortised cost | 6,425 | 2,898 | |
Cash collateral and settlement balances | 0 | 0 | |
Repurchase agreements and other similar secured borrowing | 943 | 0 | |
Debt securities in issue | 5,368 | 3,254 | |
Subordinated liabilities | 1,105 | 1,243 | |
Trading portfolio liabilities | 0 | 0 | |
Financial liabilities designated at fair value | 3,812 | 3,588 | |
Derivative financial instruments | 0 | 2 | |
Other financial liabilities | 17 | 12 | |
Total financial liabilities | 17,670 | 10,997 | |
Cumulative liquidity gap | (36,052) | (16,600) | |
Over one year but not more than two years | |||
Assets | |||
Cash and balances at central banks | 0 | 0 | |
Cash collateral and settlement balances | 0 | 0 | |
Loans and advances at amortised cost | 29,637 | 19,162 | |
Reverse repurchase agreements and other similar secured lending | 0 | 184 | |
Trading Portfolio Assets | 0 | 0 | |
Financial assets at fair value through the income statement | 6,361 | 5,351 | |
Derivative financial instruments | 0 | 0 | |
Financial assets at fair value through other comprehensive income | 6,991 | 2,656 | |
Other financial assets | 0 | 0 | |
Total financial assets | 42,989 | 27,353 | |
Liabilities | |||
Deposits at amortised cost | 911 | 558 | |
Cash collateral and settlement balances | 0 | 0 | |
Repurchase agreements and other similar secured borrowing | 1,105 | 3,216 | |
Debt securities in issue | 3,528 | 463 | |
Subordinated liabilities | 4,369 | 7,030 | |
Trading portfolio liabilities | 0 | 0 | |
Financial liabilities designated at fair value | 13,992 | 6,534 | |
Derivative financial instruments | 137 | 121 | |
Other financial liabilities | 164 | 443 | |
Total financial liabilities | 24,206 | 18,365 | |
Cumulative liquidity gap | (17,269) | (7,612) | |
Over two years but not more than three years | |||
Assets | |||
Cash and balances at central banks | 0 | 0 | |
Cash collateral and settlement balances | 0 | 0 | |
Loans and advances at amortised cost | 23,135 | 20,813 | |
Reverse repurchase agreements and other similar secured lending | 0 | 0 | |
Trading Portfolio Assets | 0 | 0 | |
Financial assets at fair value through the income statement | 4,561 | 5,376 | |
Derivative financial instruments | 174 | 0 | |
Financial assets at fair value through other comprehensive income | 4,654 | 5,389 | |
Other financial assets | 0 | 0 | |
Total financial assets | 32,524 | 31,578 | |
Liabilities | |||
Deposits at amortised cost | 373 | 435 | |
Cash collateral and settlement balances | 0 | 0 | |
Repurchase agreements and other similar secured borrowing | 0 | 4,424 | |
Debt securities in issue | 1,241 | 3,319 | |
Subordinated liabilities | 4,782 | 2,251 | |
Trading portfolio liabilities | 0 | 0 | |
Financial liabilities designated at fair value | 10,547 | 6,114 | |
Derivative financial instruments | 85 | 151 | |
Other financial liabilities | 59 | 52 | |
Total financial liabilities | 17,087 | 16,746 | |
Cumulative liquidity gap | (1,832) | 7,220 | |
Over three years but not more than five years | |||
Assets | |||
Cash and balances at central banks | 0 | 0 | |
Cash collateral and settlement balances | 0 | 0 | |
Loans and advances at amortised cost | 39,498 | 27,416 | |
Reverse repurchase agreements and other similar secured lending | 0 | 0 | |
Trading Portfolio Assets | 0 | 0 | |
Financial assets at fair value through the income statement | 2,909 | 2,062 | |
Derivative financial instruments | 0 | 184 | |
Financial assets at fair value through other comprehensive income | 11,493 | 10,093 | |
Other financial assets | 1 | 0 | |
Total financial assets | 53,901 | 39,755 | |
Liabilities | |||
Deposits at amortised cost | 621 | 242 | |
Cash collateral and settlement balances | 0 | 0 | |
Repurchase agreements and other similar secured borrowing | 0 | 0 | |
Debt securities in issue | 1,501 | 1,792 | |
Subordinated liabilities | 9,001 | 5,714 | |
Trading portfolio liabilities | 0 | 0 | |
Financial liabilities designated at fair value | 8,528 | 7,734 | |
Derivative financial instruments | 112 | 279 | |
Other financial liabilities | 117 | 102 | |
Total financial liabilities | 19,880 | 15,863 | |
Cumulative liquidity gap | 32,189 | 31,112 | |
Over five years but not more than ten years | |||
Assets | |||
Cash and balances at central banks | 0 | 0 | |
Cash collateral and settlement balances | 0 | 0 | |
Loans and advances at amortised cost | 17,385 | 14,420 | |
Reverse repurchase agreements and other similar secured lending | 0 | 0 | |
Trading Portfolio Assets | 0 | 0 | |
Financial assets at fair value through the income statement | 1,769 | 1,996 | |
Derivative financial instruments | 0 | 15 | |
Financial assets at fair value through other comprehensive income | 8,161 | 13,823 | |
Other financial assets | 0 | 0 | |
Total financial assets | 27,315 | 30,254 | |
Liabilities | |||
Deposits at amortised cost | 996 | 1,031 | |
Cash collateral and settlement balances | 0 | 0 | |
Repurchase agreements and other similar secured borrowing | 0 | 0 | |
Debt securities in issue | 3,663 | 2,654 | |
Subordinated liabilities | 10,288 | 8,490 | |
Trading portfolio liabilities | 0 | 0 | |
Financial liabilities designated at fair value | 6,708 | 7,366 | |
Derivative financial instruments | 56 | 111 | |
Other financial liabilities | 161 | 183 | |
Total financial liabilities | 21,872 | 19,835 | |
Cumulative liquidity gap | 37,632 | 41,531 | |
Greater than ten years | |||
Assets | |||
Cash and balances at central banks | 0 | 0 | |
Cash collateral and settlement balances | 0 | 0 | |
Loans and advances at amortised cost | 20,484 | 17,529 | |
Reverse repurchase agreements and other similar secured lending | 1 | 1 | |
Trading Portfolio Assets | 0 | 0 | |
Financial assets at fair value through the income statement | 1,960 | 2,371 | |
Derivative financial instruments | 23 | 9 | |
Financial assets at fair value through other comprehensive income | 6,800 | 8,677 | |
Other financial assets | 0 | 0 | |
Total financial assets | 29,268 | 28,587 | |
Liabilities | |||
Deposits at amortised cost | 239 | 231 | |
Cash collateral and settlement balances | 0 | 0 | |
Repurchase agreements and other similar secured borrowing | 83 | 87 | |
Debt securities in issue | 368 | 637 | |
Subordinated liabilities | 7,477 | 6,378 | |
Trading portfolio liabilities | 0 | 0 | |
Financial liabilities designated at fair value | 10,820 | 13,254 | |
Derivative financial instruments | 341 | 362 | |
Other financial liabilities | 21 | 27 | |
Total financial liabilities | 19,349 | 20,976 | |
Cumulative liquidity gap | £ 47,551 | £ 49,142 |
Other disclosures - Risk Man_17
Other disclosures - Risk Management and Principal Risks - Contractual maturity of financial liabilities - undiscounted (audited) (Details) - GBP (£) £ in Millions | Dec. 31, 2022 | Dec. 31, 2021 |
Disclosure of financial liabilities [line items] | ||
Deposits at amortised cost, undiscounted | £ 292,195 | £ 262,876 |
Cash collateral and settlement balances, undiscounted | 96,999 | 79,047 |
Repurchase agreements and other similar secured lending, undiscounted | 12,225 | 12,986 |
Debt securities in issue, undiscounted | 62,238 | 48,929 |
Subordinated liabilities, undiscounted | 49,063 | 35,380 |
Trading portfolio liabilities, undiscounted | 72,460 | 53,291 |
Financial liabilities designated at fair value, undiscounted | 290,400 | 260,044 |
Derivative financial instruments, undiscounted | 289,649 | 256,637 |
Other financial liabilities, undiscounted | 7,893 | 4,687 |
Total financial liabilities, undiscounted cash flows | 1,173,122 | 1,013,877 |
On demand | ||
Disclosure of financial liabilities [line items] | ||
Deposits at amortised cost, undiscounted | 196,398 | 201,501 |
Cash collateral and settlement balances, undiscounted | 3,013 | 2,951 |
Repurchase agreements and other similar secured lending, undiscounted | 256 | 20 |
Debt securities in issue, undiscounted | 0 | 0 |
Subordinated liabilities, undiscounted | 0 | 0 |
Trading portfolio liabilities, undiscounted | 72,460 | 53,291 |
Financial liabilities designated at fair value, undiscounted | 10,844 | 21,339 |
Derivative financial instruments, undiscounted | 288,398 | 255,471 |
Other financial liabilities, undiscounted | 56 | 87 |
Total financial liabilities, undiscounted cash flows | 571,425 | 534,660 |
Not more than three months | ||
Disclosure of financial liabilities [line items] | ||
Deposits at amortised cost, undiscounted | 62,524 | 41,632 |
Cash collateral and settlement balances, undiscounted | 93,986 | 76,096 |
Repurchase agreements and other similar secured lending, undiscounted | 9,587 | 5,022 |
Debt securities in issue, undiscounted | 27,234 | 18,293 |
Subordinated liabilities, undiscounted | 17 | 1,061 |
Trading portfolio liabilities, undiscounted | 0 | 0 |
Financial liabilities designated at fair value, undiscounted | 187,553 | 158,249 |
Derivative financial instruments, undiscounted | 19 | 4 |
Other financial liabilities, undiscounted | 7,179 | 3,658 |
Total financial liabilities, undiscounted cash flows | 388,099 | 304,015 |
Over three months but not more than six months | ||
Disclosure of financial liabilities [line items] | ||
Deposits at amortised cost, undiscounted | 18,918 | 12,380 |
Cash collateral and settlement balances, undiscounted | 0 | 0 |
Repurchase agreements and other similar secured lending, undiscounted | 0 | 0 |
Debt securities in issue, undiscounted | 12,615 | 12,168 |
Subordinated liabilities, undiscounted | 245 | 0 |
Trading portfolio liabilities, undiscounted | 0 | 0 |
Financial liabilities designated at fair value, undiscounted | 14,905 | 16,887 |
Derivative financial instruments, undiscounted | 60 | 22 |
Other financial liabilities, undiscounted | 21 | 19 |
Total financial liabilities, undiscounted cash flows | 46,764 | 41,476 |
Over six months but not more than nine months | ||
Disclosure of financial liabilities [line items] | ||
Deposits at amortised cost, undiscounted | 10,943 | 4,818 |
Cash collateral and settlement balances, undiscounted | 0 | 0 |
Repurchase agreements and other similar secured lending, undiscounted | 946 | 0 |
Debt securities in issue, undiscounted | 10,301 | 9,075 |
Subordinated liabilities, undiscounted | 2,108 | 1,404 |
Trading portfolio liabilities, undiscounted | 0 | 0 |
Financial liabilities designated at fair value, undiscounted | 9,399 | 13,945 |
Derivative financial instruments, undiscounted | 4 | 2 |
Other financial liabilities, undiscounted | 43 | 38 |
Total financial liabilities, undiscounted cash flows | 33,744 | 29,282 |
Over one year but not more than two years | ||
Disclosure of financial liabilities [line items] | ||
Deposits at amortised cost, undiscounted | 1,302 | 996 |
Cash collateral and settlement balances, undiscounted | 0 | 0 |
Repurchase agreements and other similar secured lending, undiscounted | 1,184 | 7,798 |
Debt securities in issue, undiscounted | 4,932 | 3,879 |
Subordinated liabilities, undiscounted | 9,504 | 9,328 |
Trading portfolio liabilities, undiscounted | 0 | 0 |
Financial liabilities designated at fair value, undiscounted | 25,654 | 12,939 |
Derivative financial instruments, undiscounted | 244 | 276 |
Other financial liabilities, undiscounted | 251 | 526 |
Total financial liabilities, undiscounted cash flows | 43,071 | 35,742 |
Over three years but not more than five years | ||
Disclosure of financial liabilities [line items] | ||
Deposits at amortised cost, undiscounted | 621 | 240 |
Cash collateral and settlement balances, undiscounted | 0 | 0 |
Repurchase agreements and other similar secured lending, undiscounted | 0 | 0 |
Debt securities in issue, undiscounted | 1,732 | 1,832 |
Subordinated liabilities, undiscounted | 10,165 | 5,917 |
Trading portfolio liabilities, undiscounted | 0 | 0 |
Financial liabilities designated at fair value, undiscounted | 9,847 | 8,043 |
Derivative financial instruments, undiscounted | 131 | 291 |
Other financial liabilities, undiscounted | 139 | 122 |
Total financial liabilities, undiscounted cash flows | 22,635 | 16,445 |
Over five years but not more than ten years | ||
Disclosure of financial liabilities [line items] | ||
Deposits at amortised cost, undiscounted | 1,113 | 1,048 |
Cash collateral and settlement balances, undiscounted | 0 | 0 |
Repurchase agreements and other similar secured lending, undiscounted | 0 | 0 |
Debt securities in issue, undiscounted | 4,773 | 2,938 |
Subordinated liabilities, undiscounted | 12,961 | 8,918 |
Trading portfolio liabilities, undiscounted | 0 | 0 |
Financial liabilities designated at fair value, undiscounted | 8,345 | 7,544 |
Derivative financial instruments, undiscounted | 71 | 122 |
Other financial liabilities, undiscounted | 180 | 208 |
Total financial liabilities, undiscounted cash flows | 27,443 | 20,778 |
Greater than ten years | ||
Disclosure of financial liabilities [line items] | ||
Deposits at amortised cost, undiscounted | 376 | 261 |
Cash collateral and settlement balances, undiscounted | 0 | 0 |
Repurchase agreements and other similar secured lending, undiscounted | 252 | 146 |
Debt securities in issue, undiscounted | 651 | 744 |
Subordinated liabilities, undiscounted | 14,063 | 8,752 |
Trading portfolio liabilities, undiscounted | 0 | 0 |
Financial liabilities designated at fair value, undiscounted | 23,853 | 21,098 |
Derivative financial instruments, undiscounted | 722 | 449 |
Other financial liabilities, undiscounted | 24 | 29 |
Total financial liabilities, undiscounted cash flows | £ 39,941 | £ 31,479 |
Other disclosures - Risk Man_18
Other disclosures - Risk Management and Principal Risks - Maturity analysis of off-balance sheet commitments received/given (audited) (Details) - GBP (£) £ in Millions | Dec. 31, 2022 | Dec. 31, 2021 |
Disclosure of contingent liabilities [line items] | ||
Guarantees, letters of credit and credit insurance | £ 7,698 | £ 7,515 |
Other commitments received | 7,473 | 455 |
Total off-balance sheet commitments received | 15,171 | 7,970 |
Contingent liabilities | 25,800 | 23,746 |
Documentary credits and other short-term trade related transactions | 1,748 | 1,584 |
Standby facilities, credit lines and other commitments | 333,229 | 282,867 |
Total off-balance sheet | 360,777 | 308,197 |
On demand | ||
Disclosure of contingent liabilities [line items] | ||
Guarantees, letters of credit and credit insurance | 7,222 | 7,258 |
Other commitments received | 7,473 | 455 |
Total off-balance sheet commitments received | 14,695 | 7,713 |
Contingent liabilities | 25,698 | 23,607 |
Documentary credits and other short-term trade related transactions | 1,740 | 1,582 |
Standby facilities, credit lines and other commitments | 333,192 | 282,867 |
Total off-balance sheet | 360,630 | 308,056 |
Not more than three months | ||
Disclosure of contingent liabilities [line items] | ||
Guarantees, letters of credit and credit insurance | 92 | 31 |
Other commitments received | 0 | 0 |
Total off-balance sheet commitments received | 92 | 31 |
Contingent liabilities | 86 | 135 |
Documentary credits and other short-term trade related transactions | 3 | 2 |
Standby facilities, credit lines and other commitments | 0 | 0 |
Total off-balance sheet | 89 | 137 |
Over three months but not more than six months | ||
Disclosure of contingent liabilities [line items] | ||
Guarantees, letters of credit and credit insurance | 102 | 21 |
Other commitments received | 0 | 0 |
Total off-balance sheet commitments received | 102 | 21 |
Contingent liabilities | 14 | 4 |
Documentary credits and other short-term trade related transactions | 5 | 0 |
Standby facilities, credit lines and other commitments | 0 | 0 |
Total off-balance sheet | 19 | 4 |
Over six months but not more than nine months | ||
Disclosure of contingent liabilities [line items] | ||
Guarantees, letters of credit and credit insurance | 10 | 10 |
Other commitments received | 0 | 0 |
Total off-balance sheet commitments received | 10 | 10 |
Contingent liabilities | 1 | 0 |
Documentary credits and other short-term trade related transactions | 0 | 0 |
Standby facilities, credit lines and other commitments | 0 | 0 |
Total off-balance sheet | 1 | 0 |
Over nine months but not more than one year | ||
Disclosure of contingent liabilities [line items] | ||
Guarantees, letters of credit and credit insurance | 46 | 12 |
Other commitments received | 0 | 0 |
Total off-balance sheet commitments received | 46 | 12 |
Contingent liabilities | 0 | 0 |
Documentary credits and other short-term trade related transactions | 0 | 0 |
Standby facilities, credit lines and other commitments | 0 | 0 |
Total off-balance sheet | 0 | 0 |
Over one year but not more than two years | ||
Disclosure of contingent liabilities [line items] | ||
Guarantees, letters of credit and credit insurance | 16 | 4 |
Other commitments received | 0 | 0 |
Total off-balance sheet commitments received | 16 | 4 |
Contingent liabilities | 1 | 0 |
Documentary credits and other short-term trade related transactions | 0 | 0 |
Standby facilities, credit lines and other commitments | 37 | 0 |
Total off-balance sheet | 38 | 0 |
Over two years but not more than three years | ||
Disclosure of contingent liabilities [line items] | ||
Guarantees, letters of credit and credit insurance | 37 | 12 |
Other commitments received | 0 | 0 |
Total off-balance sheet commitments received | 37 | 12 |
Contingent liabilities | 0 | 0 |
Documentary credits and other short-term trade related transactions | 0 | 0 |
Standby facilities, credit lines and other commitments | 0 | 0 |
Total off-balance sheet | 0 | 0 |
Over three years but not more than five years | ||
Disclosure of contingent liabilities [line items] | ||
Guarantees, letters of credit and credit insurance | 76 | 83 |
Other commitments received | 0 | 0 |
Total off-balance sheet commitments received | 76 | 83 |
Contingent liabilities | 0 | 0 |
Documentary credits and other short-term trade related transactions | 0 | 0 |
Standby facilities, credit lines and other commitments | 0 | 0 |
Total off-balance sheet | 0 | 0 |
Over five years but not more than ten years | ||
Disclosure of contingent liabilities [line items] | ||
Guarantees, letters of credit and credit insurance | 96 | 65 |
Other commitments received | 0 | 0 |
Total off-balance sheet commitments received | 96 | 65 |
Contingent liabilities | 0 | 0 |
Documentary credits and other short-term trade related transactions | 0 | 0 |
Standby facilities, credit lines and other commitments | 0 | 0 |
Total off-balance sheet | 0 | 0 |
Greater than ten years | ||
Disclosure of contingent liabilities [line items] | ||
Guarantees, letters of credit and credit insurance | 1 | 19 |
Other commitments received | 0 | 0 |
Total off-balance sheet commitments received | 1 | 19 |
Contingent liabilities | 0 | 0 |
Documentary credits and other short-term trade related transactions | 0 | 0 |
Standby facilities, credit lines and other commitments | 0 | 0 |
Total off-balance sheet | £ 0 | £ 0 |
Other disclosures - Risk Man_19
Other disclosures - Risk Management and Principal Risks - Functional currency of operations (audited) (Details) - GBP (£) £ in Millions | 12 Months Ended | |
Dec. 31, 2022 | Dec. 31, 2021 | |
Disclosure of risk management strategy related to hedge accounting [line items] | ||
Foreign currency net investments | £ 40,895 | £ 37,064 |
Borrowings which hedge the net investments | (8,368) | (6,933) |
Derivatives which hedge the net investments | (3,888) | (2,423) |
Structural currency exposures pre- economic hedges | 28,639 | 27,708 |
Economic hedges | (8,938) | (7,378) |
Remaining structural currency exposures | 19,701 | 20,330 |
Financial instrument which hedge net investments | 12,300 | 9,400 |
USD | ||
Disclosure of risk management strategy related to hedge accounting [line items] | ||
Foreign currency net investments | 27,523 | 26,023 |
Borrowings which hedge the net investments | (5,973) | (5,512) |
Derivatives which hedge the net investments | (2,086) | (2,356) |
Structural currency exposures pre- economic hedges | 19,464 | 18,155 |
Economic hedges | (8,376) | (7,111) |
Remaining structural currency exposures | 11,088 | 11,044 |
Increase in financial instruments which hedge net investments | 1,500 | |
EUR | ||
Disclosure of risk management strategy related to hedge accounting [line items] | ||
Foreign currency net investments | 9,673 | 8,342 |
Borrowings which hedge the net investments | (2,395) | (1,324) |
Derivatives which hedge the net investments | (3) | (3) |
Structural currency exposures pre- economic hedges | 7,275 | 7,015 |
Economic hedges | (283) | (267) |
Remaining structural currency exposures | 6,992 | 6,748 |
Increase in financial instruments which hedge net investments | 1,300 | |
JPY | ||
Disclosure of risk management strategy related to hedge accounting [line items] | ||
Foreign currency net investments | 689 | 614 |
Borrowings which hedge the net investments | 0 | (97) |
Derivatives which hedge the net investments | (197) | 0 |
Structural currency exposures pre- economic hedges | 492 | 517 |
Economic hedges | 0 | 0 |
Remaining structural currency exposures | 492 | 517 |
Other | ||
Disclosure of risk management strategy related to hedge accounting [line items] | ||
Foreign currency net investments | 3,010 | 2,085 |
Borrowings which hedge the net investments | 0 | 0 |
Derivatives which hedge the net investments | (1,602) | (64) |
Structural currency exposures pre- economic hedges | 1,408 | 2,021 |
Economic hedges | (279) | 0 |
Remaining structural currency exposures | 1,129 | 2,021 |
Increase in financial instruments which hedge net investments | 1,000 | |
Foreign exchange risk | ||
Disclosure of risk management strategy related to hedge accounting [line items] | ||
Foreign currency net investments | 40,900 | 37,100 |
Remaining structural currency exposures | 19,700 | £ 20,300 |
Decrease in structural currency exposures, net of hedging instruments | 600 | |
Increase in foreign currency net investments | 3,800 | |
Increase in financial instruments which hedge net investments | £ 2,900 |
Other disclosures - Risk Man_20
Other disclosures - Risk Management and Principal Risks - Interest Income sensitivity (AEaR) by currency (audited) (Details) - +/- 25bps - GBP (£) £ in Millions | 12 Months Ended | |
Dec. 31, 2022 | Dec. 31, 2021 | |
Interest rate risk | ||
Disclosure of operating segments [line items] | ||
Increase (decrease) in profit for the year due to reasonable possibly increase | £ 25 | £ 68 |
Increase (decrease) in profit for the year due to reasonably possible decrease | (29) | (99) |
GBP | ||
Disclosure of operating segments [line items] | ||
Increase (decrease) in profit for the year due to reasonable possibly increase | (6) | 21 |
Increase (decrease) in profit for the year due to reasonably possible decrease | 4 | (37) |
USD | ||
Disclosure of operating segments [line items] | ||
Increase (decrease) in profit for the year due to reasonable possibly increase | 38 | 55 |
Increase (decrease) in profit for the year due to reasonably possible decrease | (41) | (59) |
EUR | ||
Disclosure of operating segments [line items] | ||
Increase (decrease) in profit for the year due to reasonable possibly increase | 4 | (5) |
Increase (decrease) in profit for the year due to reasonably possible decrease | (4) | (4) |
Other currencies | ||
Disclosure of operating segments [line items] | ||
Increase (decrease) in profit for the year due to reasonable possibly increase | (11) | (3) |
Increase (decrease) in profit for the year due to reasonably possible decrease | £ 12 | £ 1 |
Other disclosures - Risk Man_21
Other disclosures - Risk Management and Principal Risks - Analysis of equity sensitivity (audited) (Details) - Interest rate risk - +/- 25bps - GBP (£) £ in Millions | 12 Months Ended | |
Dec. 31, 2022 | Dec. 31, 2021 | |
Disclosure of sensitivity analysis to changes in risk exposures that arise from contracts within scope of IFRS 17 [line items] | ||
Increase (decrease) in profit for the year due to reasonable possibly increase | £ 25 | £ 68 |
Increase (decrease) in profit for the year due to reasonably possible decrease | (29) | (99) |
Increase (decrease) in equity for the year due to reasonable possible increase | (703) | (729) |
Increase (decrease) in equity for the year due to reasonable possible decrease | 701 | 653 |
Taxation effects on the above | ||
Disclosure of sensitivity analysis to changes in risk exposures that arise from contracts within scope of IFRS 17 [line items] | ||
Increase (decrease) in profit for the year due to reasonable possibly increase | (4) | (12) |
Increase (decrease) in profit for the year due to reasonably possible decrease | 5 | 18 |
Increase (decrease) in equity for the year due to reasonable possible increase | 268 | 290 |
Increase (decrease) in equity for the year due to reasonable possible decrease | (268) | (272) |
Retained earnings | ||
Disclosure of sensitivity analysis to changes in risk exposures that arise from contracts within scope of IFRS 17 [line items] | ||
Increase (decrease) in profit for the year due to reasonable possibly increase | 21 | 56 |
Increase (decrease) in profit for the year due to reasonably possible decrease | £ (24) | £ (81) |
Percentage of reasonably possible increase | 0.50% | 1.20% |
Percentage of reasonably possible decrease | (0.50%) | (1.80%) |
Increase (decrease) in equity for the year due to reasonable possible increase | £ 21 | £ 56 |
Increase (decrease) in equity for the year due to reasonable possible decrease | (24) | (81) |
Fair value through other comprehensive income reserve | ||
Disclosure of sensitivity analysis to changes in risk exposures that arise from contracts within scope of IFRS 17 [line items] | ||
Increase (decrease) in equity for the year due to reasonable possible increase | (367) | (449) |
Increase (decrease) in equity for the year due to reasonable possible decrease | 368 | 380 |
Cash flow hedge reserve | ||
Disclosure of sensitivity analysis to changes in risk exposures that arise from contracts within scope of IFRS 17 [line items] | ||
Increase (decrease) in equity for the year due to reasonable possible increase | (625) | (626) |
Increase (decrease) in equity for the year due to reasonable possible decrease | £ 625 | £ 626 |
Equity attributable to owners of parent | ||
Disclosure of sensitivity analysis to changes in risk exposures that arise from contracts within scope of IFRS 17 [line items] | ||
Percentage of reasonably possible increase | 1.20% | 1.20% |
Percentage of reasonably possible decrease | (1.20%) | (1.30%) |
Segmental reporting - Analysis
Segmental reporting - Analysis of results by business (Details) £ in Millions | 12 Months Ended | ||
Dec. 31, 2022 GBP (£) employee | Dec. 31, 2021 GBP (£) employee | Dec. 31, 2020 GBP (£) employee | |
Disclosure of operating segments [line items] | |||
Total income | £ 18,194 | £ 15,408 | £ 15,778 |
Operating expenses | (10,971) | (9,885) | (9,383) |
Litigation and conduct | (1,427) | (374) | (76) |
Total operating expenses | (12,398) | (10,259) | (9,459) |
Other net income/(expenses) | 4 | (8) | 133 |
Profit before impairment | 5,800 | 5,141 | 6,452 |
Credit impairment (charges)/releases | (933) | 277 | (3,377) |
Profit/(loss) before tax | 4,867 | 5,418 | 3,075 |
Total assets (£bn) | £ 1,203,537 | £ 1,061,778 | £ 1,059,700 |
Number of employees (full time equivalent) | employee | 21,900,000,000 | 20,200 | 20,900 |
Average number of employees (full time equivalent) | employee | 21,100,000,000 | 20,300 | 20,145 |
Operating segments | Corporate and Investment Bank | |||
Disclosure of operating segments [line items] | |||
Total income | £ 13,722 | £ 12,481 | £ 12,607 |
Operating expenses | (8,011) | (7,169) | (7,125) |
Litigation and conduct | (1,189) | (237) | (4) |
Total operating expenses | (9,200) | (7,406) | (7,129) |
Other net income/(expenses) | 3 | (8) | 16 |
Profit before impairment | 4,525 | 5,067 | 5,494 |
Credit impairment (charges)/releases | (119) | 461 | (1,565) |
Profit/(loss) before tax | 4,406 | 5,528 | 3,929 |
Total assets (£bn) | £ 1,111,200 | £ 986,200 | £ 990,900 |
Number of employees (full time equivalent) | employee | 8,000,000,000 | 7,800 | 7,800 |
Operating segments | Consumer, Cards and Payments | |||
Disclosure of operating segments [line items] | |||
Total income | £ 4,547 | £ 3,337 | £ 3,490 |
Operating expenses | (2,800) | (2,316) | (2,132) |
Litigation and conduct | (230) | (108) | (44) |
Total operating expenses | (3,030) | (2,424) | (2,176) |
Other net income/(expenses) | 1 | 1 | 114 |
Profit before impairment | 1,518 | 914 | 1,428 |
Credit impairment (charges)/releases | (814) | (185) | (1,720) |
Profit/(loss) before tax | 704 | 729 | (292) |
Total assets (£bn) | £ 79,900 | £ 64,400 | £ 57,800 |
Number of employees (full time equivalent) | employee | 2,900,000,000 | 2,600 | 3,000 |
Head Office | |||
Disclosure of operating segments [line items] | |||
Total income | £ (75) | £ (410) | £ (319) |
Operating expenses | (160) | (400) | (126) |
Litigation and conduct | (8) | (29) | (28) |
Total operating expenses | (168) | (429) | (154) |
Other net income/(expenses) | 0 | (1) | 3 |
Profit before impairment | (243) | (840) | (470) |
Credit impairment (charges)/releases | 0 | 1 | (92) |
Profit/(loss) before tax | (243) | (839) | (562) |
Total assets (£bn) | £ 12,400 | £ 11,200 | £ 11,000 |
Number of employees (full time equivalent) | employee | 11,000,000,000 | 9,800 | 10,100 |
Segmental reporting - Income by
Segmental reporting - Income by geographic region (Details) - GBP (£) £ in Millions | 12 Months Ended | ||
Dec. 31, 2022 | Dec. 31, 2021 | Dec. 31, 2020 | |
Disclosure of operating segments [line items] | |||
Total income | £ 18,194 | £ 15,408 | £ 15,778 |
United Kingdom | |||
Disclosure of operating segments [line items] | |||
Total income | 7,962 | 4,585 | 4,954 |
United Kingdom | Income from individual countries which represent more than 5% of total income | |||
Disclosure of operating segments [line items] | |||
Total income | 7,962 | 4,585 | 4,954 |
Europe | |||
Disclosure of operating segments [line items] | |||
Total income | 2,320 | 2,358 | 2,119 |
Americas | |||
Disclosure of operating segments [line items] | |||
Total income | 6,516 | 7,326 | 7,590 |
Africa and Middle East | |||
Disclosure of operating segments [line items] | |||
Total income | 63 | 45 | 37 |
Asia | |||
Disclosure of operating segments [line items] | |||
Total income | 1,333 | 1,094 | 1,078 |
United States | Income from individual countries which represent more than 5% of total income | |||
Disclosure of operating segments [line items] | |||
Total income | £ 6,340 | £ 7,162 | £ 7,471 |
Net interest income - Summary (
Net interest income - Summary (Details) - GBP (£) £ in Millions | 12 Months Ended | ||
Dec. 31, 2022 | Dec. 31, 2021 | Dec. 31, 2020 | |
Analysis of income and expense [abstract] | |||
Cash and balances at central banks | £ 2,097 | £ 128 | £ 226 |
Loans and advances at amortised cost | 7,454 | 4,265 | 4,510 |
Fair value through other comprehensive income | 1,493 | 380 | 604 |
Negative interest on liabilities | 208 | 248 | 68 |
Other | 527 | 651 | 598 |
Interest and similar income | 11,779 | 5,672 | 6,006 |
Deposits at amortised cost | (3,104) | (331) | (644) |
Debt securities in issue | (1,473) | (413) | (424) |
Subordinated liabilities | (966) | (934) | (1,112) |
Negative interest on assets | (208) | (374) | (325) |
Other | (630) | (547) | (341) |
Interest and similar expense | (6,381) | (2,599) | (2,846) |
Net interest income | £ 5,398 | £ 3,073 | £ 3,160 |
Net interest income - Narrative
Net interest income - Narrative (Details) - GBP (£) £ in Millions | 12 Months Ended | ||
Dec. 31, 2022 | Dec. 31, 2021 | Dec. 31, 2020 | |
Analysis of income and expense [abstract] | |||
Costs to originate credit card balances | £ 747 | £ 623 | £ 687 |
Interest income on impaired financial assets accrued | 38 | 7 | 9 |
Interest expense on lease liabilities | £ 18 | £ 20 | £ 23 |
Net fee and commission income -
Net fee and commission income - Summary (Details) - GBP (£) £ in Millions | 12 Months Ended | ||
Dec. 31, 2022 | Dec. 31, 2021 | Dec. 31, 2020 | |
Fee type | |||
Total revenue from contracts with customers | £ 8,029 | £ 8,460 | £ 7,298 |
Other non-contract fee income | 142 | 121 | 119 |
Fee and commission income | 8,171 | 8,581 | 7,417 |
Fee and commission expense | (2,745) | (1,994) | (1,758) |
Net fee and commission income | 5,426 | 6,587 | 5,659 |
Transactional | |||
Fee type | |||
Total revenue from contracts with customers | 3,252 | 2,548 | 2,330 |
Advisory | |||
Fee type | |||
Total revenue from contracts with customers | 964 | 1,096 | 693 |
Brokerage and execution | |||
Fee type | |||
Total revenue from contracts with customers | 1,521 | 1,135 | 1,173 |
Underwriting and syndication | |||
Fee type | |||
Total revenue from contracts with customers | 2,037 | 3,425 | 2,867 |
Other | |||
Fee type | |||
Total revenue from contracts with customers | 255 | 256 | 235 |
Operating segments | Corporate and Investment Bank | |||
Fee type | |||
Total revenue from contracts with customers | 4,869 | 5,945 | 4,987 |
Other non-contract fee income | 138 | 116 | 114 |
Fee and commission income | 5,007 | 6,061 | 5,101 |
Fee and commission expense | (966) | (781) | (768) |
Net fee and commission income | 4,041 | 5,280 | 4,333 |
Operating segments | Corporate and Investment Bank | Transactional | |||
Fee type | |||
Total revenue from contracts with customers | 449 | 390 | 357 |
Operating segments | Corporate and Investment Bank | Advisory | |||
Fee type | |||
Total revenue from contracts with customers | 820 | 968 | 593 |
Operating segments | Corporate and Investment Bank | Brokerage and execution | |||
Fee type | |||
Total revenue from contracts with customers | 1,465 | 1,082 | 1,116 |
Operating segments | Corporate and Investment Bank | Underwriting and syndication | |||
Fee type | |||
Total revenue from contracts with customers | 2,036 | 3,425 | 2,867 |
Operating segments | Corporate and Investment Bank | Other | |||
Fee type | |||
Total revenue from contracts with customers | 99 | 80 | 54 |
Operating segments | Consumer, Cards and Payments | |||
Fee type | |||
Total revenue from contracts with customers | 3,138 | 2,494 | 2,282 |
Other non-contract fee income | 4 | 5 | 5 |
Fee and commission income | 3,142 | 2,499 | 2,287 |
Fee and commission expense | (1,778) | (1,207) | (988) |
Net fee and commission income | 1,364 | 1,292 | 1,299 |
Operating segments | Consumer, Cards and Payments | Transactional | |||
Fee type | |||
Total revenue from contracts with customers | 2,803 | 2,158 | 1,973 |
Operating segments | Consumer, Cards and Payments | Advisory | |||
Fee type | |||
Total revenue from contracts with customers | 144 | 128 | 100 |
Operating segments | Consumer, Cards and Payments | Brokerage and execution | |||
Fee type | |||
Total revenue from contracts with customers | 56 | 53 | 57 |
Operating segments | Consumer, Cards and Payments | Underwriting and syndication | |||
Fee type | |||
Total revenue from contracts with customers | 1 | 0 | 0 |
Operating segments | Consumer, Cards and Payments | Other | |||
Fee type | |||
Total revenue from contracts with customers | 134 | 155 | 152 |
Head Office | |||
Fee type | |||
Total revenue from contracts with customers | 22 | 21 | 29 |
Other non-contract fee income | 0 | 0 | 0 |
Fee and commission income | 22 | 21 | 29 |
Fee and commission expense | (1) | (6) | (2) |
Net fee and commission income | 21 | 15 | 27 |
Head Office | Transactional | |||
Fee type | |||
Total revenue from contracts with customers | 0 | 0 | 0 |
Head Office | Advisory | |||
Fee type | |||
Total revenue from contracts with customers | 0 | 0 | 0 |
Head Office | Brokerage and execution | |||
Fee type | |||
Total revenue from contracts with customers | 0 | 0 | 0 |
Head Office | Underwriting and syndication | |||
Fee type | |||
Total revenue from contracts with customers | 0 | 0 | 0 |
Head Office | Other | |||
Fee type | |||
Total revenue from contracts with customers | £ 22 | £ 21 | £ 29 |
Net fee and commission income_2
Net fee and commission income - Narrative (Details) - GBP (£) | 12 Months Ended | ||
Dec. 31, 2022 | Dec. 31, 2021 | Dec. 31, 2020 | |
Fee and commission income (expense) [abstract] | |||
Contract assets | £ 0 | £ 0 | £ 0 |
Impairment loss, assets recognised from costs incurred to obtain or fulfil contracts with customers | 0 | 0 | 0 |
Capitalised contract costs | 190,000,000 | 148,000,000 | 135,000,000 |
Amortisation, assets recognised from costs incurred to obtain or fulfil contracts with customers | 45,000,000 | 35,000,000 | 35,000,000 |
Impairment loss on receivables or contract assets arising from contracts with customers | £ 0 | £ 0 | £ 0 |
Net trading income (Details)
Net trading income (Details) - GBP (£) £ in Millions | 12 Months Ended | ||
Dec. 31, 2022 | Dec. 31, 2021 | Dec. 31, 2020 | |
Disclosure of detailed information about financial instruments [line items] | |||
Net trading income | £ 7,624 | £ 5,788 | £ 7,076 |
Net gains on financial instruments held for trading | Liabilities held for trading | |||
Disclosure of detailed information about financial instruments [line items] | |||
Net trading income | 5,603 | 3,999 | 5,392 |
Net gains on financial instruments designated at fair value | Financial liabilities designated at fair value | |||
Disclosure of detailed information about financial instruments [line items] | |||
Net trading income | 501 | 682 | 695 |
Net gains on financial instruments mandatorily at fair value | |||
Disclosure of detailed information about financial instruments [line items] | |||
Net trading income | £ 1,520 | £ 1,107 | £ 989 |
Net investment expense (Details
Net investment expense (Details) - GBP (£) £ in Millions | 12 Months Ended | ||
Dec. 31, 2022 | Dec. 31, 2021 | Dec. 31, 2020 | |
Gains (losses) on financial instruments [abstract] | |||
Net gains/(losses) from financial assets mandatorily at fair value | £ 19 | £ (116) | £ (39) |
Net (losses)/gains from disposal of debt instruments at fair value through other comprehensive income | (68) | 248 | 251 |
Net (losses)/gains from disposal of financial assets and liabilities measured at amortised cost | (66) | 22 | (128) |
Net losses on other investments | (208) | (234) | (205) |
Net investment expense | £ (323) | £ (80) | £ (121) |
Operating expenses (Details)
Operating expenses (Details) - GBP (£) £ in Millions | 12 Months Ended | ||
Dec. 31, 2022 | Dec. 31, 2021 | Dec. 31, 2020 | |
Infrastructure costs | |||
Property and equipment | £ 417 | £ 371 | £ 374 |
Depreciation and amortisation | 470 | 403 | 421 |
Impairment of property, equipment and intangible assets | 13 | 280 | 21 |
Total infrastructure costs | 900 | 1,054 | 816 |
Administration and general expenses | |||
Consultancy, legal and professional fees | 403 | 390 | 345 |
Marketing and advertising | 312 | 235 | 176 |
UK bank levy | 150 | 134 | 249 |
Other administration and general expenses | 4,014 | 3,616 | 3,432 |
Total administration and general expenses | 4,879 | 4,375 | 4,202 |
Staff costs | 5,192 | 4,456 | 4,365 |
Litigation and conduct | 1,427 | 374 | 76 |
Operating expenses | £ 12,398 | 10,259 | £ 9,459 |
Impairment loss - structural costs | £ 266 |
Credit impairment charges _ (_3
Credit impairment charges / (releases) - Narrative (Details) | 12 Months Ended |
Dec. 31, 2022 economic_scenario | |
Disclosure of impairment loss and reversal of impairment loss [line items] | |
Number of economic scenarios, percentage | 100% |
Credit derivatives | |
Disclosure of impairment loss and reversal of impairment loss [line items] | |
Number of economic scenarios | 5 |
Stress horizon period, ECL | 5 years |
Term at which scenario converges to steady state | 7 years |
Downside scenario | Credit derivatives | |
Disclosure of impairment loss and reversal of impairment loss [line items] | |
Number of economic scenarios | 2 |
Upside scenario | Credit derivatives | |
Disclosure of impairment loss and reversal of impairment loss [line items] | |
Number of economic scenarios | 2 |
Wholesale portfolios | |
Disclosure of impairment loss and reversal of impairment loss [line items] | |
Changes in inputs, assumptions and estimation techniques used for ECL, probability | 100% |
Wholesale portfolios | Bottom of range | |
Disclosure of impairment loss and reversal of impairment loss [line items] | |
Inputs, assumptions and estimation techniques used for ECL, probability | 0.20% |
Retail portfolios | Bottom of range | Minimum | |
Disclosure of impairment loss and reversal of impairment loss [line items] | |
Inputs, assumptions and estimation techniques used for ECL, probability | 50% |
Retail portfolios | Bottom of range | Maximum | |
Disclosure of impairment loss and reversal of impairment loss [line items] | |
Inputs, assumptions and estimation techniques used for ECL, probability | 100% |
Retail portfolios | Top of range | |
Disclosure of impairment loss and reversal of impairment loss [line items] | |
Inputs, assumptions and estimation techniques used for ECL, probability | 400% |
Credit impairment charges _ (_4
Credit impairment charges / (releases) - Charges, recoveries and reimbursements (Details) - GBP (£) £ in Millions | 12 Months Ended | ||
Dec. 31, 2022 | Dec. 31, 2021 | Dec. 31, 2020 | |
Disclosure of impairment loss and reversal of impairment loss [line items] | |||
Impairment charges / (releases), other | £ 1,161 | £ (536) | £ 3,745 |
Recoveries and reimbursements, other | (228) | 259 | (368) |
Credit impairment charges/(releases) | 933 | (277) | 3,377 |
Gain on recovery of loans and advances previously written off | 33 | 31 | |
Off-balance sheet loan commitments and financial guarantee contracts | |||
Disclosure of impairment loss and reversal of impairment loss [line items] | |||
Impairment charges / (releases), off-balance sheet loan commitments and financial guarantee contracts | 7 | (257) | 547 |
Recoveries and reimbursements, off-balance sheet loan commitments and financial guarantee contracts | 0 | 0 | 0 |
Credit impairment charges/(releases) | 7 | (257) | 547 |
Financial guarantee contracts | |||
Disclosure of impairment loss and reversal of impairment loss [line items] | |||
Recoveries and reimbursements, other | (195) | 290 | |
Financial guarantee contracts | Third parties | |||
Disclosure of impairment loss and reversal of impairment loss [line items] | |||
Credit impairment charges/(releases) | 195 | (290) | |
Loans and advances at amortised cost | |||
Disclosure of impairment loss and reversal of impairment loss [line items] | |||
Impairment charges / (releases), total | 1,125 | (521) | 3,607 |
Recoveries and reimbursements, total | (228) | 259 | (368) |
Credit impairment charges/(releases) | 897 | (262) | 3,239 |
Financial instruments at fair value through other comprehensive income | |||
Disclosure of impairment loss and reversal of impairment loss [line items] | |||
Impairment charges / (releases), other | 8 | (6) | 0 |
Recoveries and reimbursements, other | 0 | 0 | 0 |
Credit impairment charges/(releases) | 8 | (6) | 0 |
Financial assets at amortised cost | Loans and advances at amortised cost | |||
Disclosure of impairment loss and reversal of impairment loss [line items] | |||
Impairment charges / (releases), loans and advances at amortised cost | 1,118 | (264) | 3,060 |
Recoveries and reimbursements, loans and advances at amortised costs | (228) | 259 | (368) |
Credit impairment charges/(releases) | 890 | (5) | 2,692 |
Cash collateral and settlement balances | |||
Disclosure of impairment loss and reversal of impairment loss [line items] | |||
Impairment charges / (releases), other | 28 | (4) | 2 |
Recoveries and reimbursements, other | 0 | 0 | 0 |
Credit impairment charges/(releases) | 28 | (4) | 2 |
Other financial assets measured at cost | Financial assets at amortised cost | |||
Disclosure of impairment loss and reversal of impairment loss [line items] | |||
Impairment charges / (releases), other | 0 | (5) | 136 |
Recoveries and reimbursements, other | 0 | 0 | 0 |
Credit impairment charges/(releases) | £ 0 | £ (5) | £ 136 |
Credit impairment charges _ (_5
Credit impairment charges / (releases) - Modification of financial assets (Narrative) (Details) - GBP (£) £ in Millions | 12 Months Ended | |
Dec. 31, 2022 | Dec. 31, 2021 | |
Disclosure of impairment loss and reversal of impairment loss [abstract] | ||
Financial assets written and subject to enforcement activity, contractual amount outstanding | £ 512 | £ 752 |
Amortised cost before modification | 2,237 | 3,260 |
Net modification loss | 1 | 2 |
Carrying amount of financial assets for which loss allowance has changed to 12-month measurement | £ 1,077 | £ 419 |
Tax - Tax Charge (Details)
Tax - Tax Charge (Details) - GBP (£) £ in Millions | 12 Months Ended | ||
Dec. 31, 2022 | Dec. 31, 2021 | Dec. 31, 2020 | |
Current tax charge/(credit) | |||
Current year | £ 623 | £ 904 | £ 993 |
Adjustments in respect of prior years | (625) | 393 | 3 |
Total | (2) | 1,297 | 996 |
Deferred tax charge/(credit) | |||
Current year | 19 | (179) | (563) |
Adjustments in respect of prior years | 468 | (288) | 191 |
Total | 487 | (467) | (372) |
Tax charge | £ 485 | £ 830 | £ 624 |
Tax - Narrative (Details)
Tax - Narrative (Details) - GBP (£) £ in Millions | 12 Months Ended | ||
Dec. 31, 2022 | Dec. 31, 2021 | Dec. 31, 2020 | |
Disclosure of temporary difference, unused tax losses and unused tax credits [line items] | |||
Current tax credit in respect of prior years | £ 625 | £ (393) | £ (3) |
Deferred tax charge in respect of prior years | £ 468 | £ (288) | £ 191 |
Average effective tax rate | 10% | 15.30% | 20.30% |
Current tax relating to items credited directly to equity | £ (1) | £ 38 | |
Deferred tax assets | 4,583 | 2,981 | |
Deferred tax liabilities | 0 | 6 | |
Unused tax credits for which no deferred tax asset recognised | 323 | 283 | |
Temporary differences associated with investments in related entities for which deferred tax liabilities have not been recognised | 852 | 857 | |
After more than 12 months | |||
Disclosure of temporary difference, unused tax losses and unused tax credits [line items] | |||
Deferred tax assets | 5,514 | 4,328 | |
Deferred tax liabilities | 1,545 | 1,740 | |
Within five years | |||
Disclosure of temporary difference, unused tax losses and unused tax credits [line items] | |||
Unused tax credits for which no deferred tax asset recognised | 149 | 63 | |
Within six to ten years | |||
Disclosure of temporary difference, unused tax losses and unused tax credits [line items] | |||
Unused tax credits for which no deferred tax asset recognised | 401 | 370 | |
Within eleven to twenty years | |||
Disclosure of temporary difference, unused tax losses and unused tax credits [line items] | |||
Unused tax credits for which no deferred tax asset recognised | 10,393 | 10,529 | |
Indefinitely | |||
Disclosure of temporary difference, unused tax losses and unused tax credits [line items] | |||
Unused tax credits for which no deferred tax asset recognised | 11,320 | 11,534 | |
IHC Tax Group | |||
Disclosure of temporary difference, unused tax losses and unused tax credits [line items] | |||
Deferred tax assets | 1,004 | ||
Barclays Bank PLC's US Branch Tax Group | |||
Disclosure of temporary difference, unused tax losses and unused tax credits [line items] | |||
Deferred tax assets | 1,002 | ||
Other (outside the UK and US tax groups) | |||
Disclosure of temporary difference, unused tax losses and unused tax credits [line items] | |||
Deferred tax assets | 450 | 399 | |
Unused tax losses | |||
Disclosure of temporary difference, unused tax losses and unused tax credits [line items] | |||
Deductible temporary differences for which no deferred tax asset is recognised | 22,263 | 22,496 | |
Unused tax losses | IHC Tax Group | |||
Disclosure of temporary difference, unused tax losses and unused tax credits [line items] | |||
Deferred tax assets | 21 | 1 | |
Unused tax losses | Other (outside the UK and US tax groups) | |||
Disclosure of temporary difference, unused tax losses and unused tax credits [line items] | |||
Deferred tax assets | 90 | 121 | |
Loss in current or prior year | IHC Tax Group | |||
Disclosure of temporary difference, unused tax losses and unused tax credits [line items] | |||
Deferred tax assets | 434 | 301 | |
Loss in current or prior year | Other (outside the UK and US tax groups) | |||
Disclosure of temporary difference, unused tax losses and unused tax credits [line items] | |||
Deferred tax assets | 33 | 9 | |
Temporary differences | |||
Disclosure of temporary difference, unused tax losses and unused tax credits [line items] | |||
Deductible temporary differences for which no deferred tax asset is recognised | 111 | 110 | |
Capital losses | |||
Disclosure of temporary difference, unused tax losses and unused tax credits [line items] | |||
Unused tax losses for which no deferred tax asset recognised | 3,661 | 3,642 | |
UNITED KINGDOM | |||
Disclosure of temporary difference, unused tax losses and unused tax credits [line items] | |||
Deferred tax expense (income) relating to tax rate changes or imposition of new taxes, other comprehensive income | (83) | 148 | |
US Branch Tax Group and Intermediate Holding Company | |||
Disclosure of temporary difference, unused tax losses and unused tax credits [line items] | |||
Current tax credit in respect of prior years | 556 | ||
Deferred tax charge in respect of prior years | 556 | ||
IHC Tax Group | |||
Disclosure of temporary difference, unused tax losses and unused tax credits [line items] | |||
Deferred tax assets | 1,094 | 1,004 | |
UK Tax Group | |||
Disclosure of temporary difference, unused tax losses and unused tax credits [line items] | |||
Deferred tax assets | 3,114 | 1,679 | |
Deferred tax liabilities | 0 | 6 | |
UK Tax Group | UNITED KINGDOM | |||
Disclosure of temporary difference, unused tax losses and unused tax credits [line items] | |||
Deferred tax assets | 2,557 | 576 | |
UK Tax Group | Unused tax losses | |||
Disclosure of temporary difference, unused tax losses and unused tax credits [line items] | |||
Deferred tax assets | 1,237 | 1,074 | |
Other (outside the UK and US tax groups) | |||
Disclosure of temporary difference, unused tax losses and unused tax credits [line items] | |||
Deferred tax assets | £ 450 | £ 399 |
Tax - Reconciliation between th
Tax - Reconciliation between the actual tax charge and the corporate tax rate (Details) - GBP (£) £ in Millions | 12 Months Ended | ||
Dec. 31, 2022 | Dec. 31, 2021 | Dec. 31, 2020 | |
Disclosure of temporary difference, unused tax losses and unused tax credits [line items] | |||
Profit before tax | £ 4,867 | £ 5,418 | £ 3,075 |
Tax charge based on the standard UK corporation tax rate of 19% (2021: 19%, 2020: 19%) | 925 | 1,029 | 584 |
Impact of profits/losses earned in territories with different statutory rates to the UK (weighted average tax rate is 22.3% (2021: 24.0%, 2020: 25.0%)) | 160 | 273 | 183 |
Recurring items: | |||
Non-creditable taxes including withholding taxes | 117 | 124 | 107 |
Non-deductible expenses | 28 | 61 | 28 |
Impact of UK bank levy being non-deductible | 28 | 25 | 48 |
Impact of Barclays Bank PLC's overseas branches being taxed both locally and in the UK | 17 | 25 | 25 |
Tax adjustments in respect of share-based payments | 10 | (5) | 14 |
Banking surcharge and other items | (39) | (48) | (70) |
Non-taxable gains and income | (129) | (152) | (180) |
Tax relief on payments made under AT1 instruments | (136) | (113) | (124) |
Changes in recognition of deferred tax and effect of unrecognised tax losses | (146) | (140) | (123) |
Adjustments in respect of prior years | (157) | 105 | 194 |
Tax relief on holdings of inflation-linked government bonds | (510) | (157) | (20) |
Non-recurring items: | |||
Remeasurement of UK deferred tax assets due to tax rate changes | 183 | (218) | (43) |
Non-deductible provisions for investigations and litigation | 85 | 0 | (6) |
Non-deductible provisions for UK customer redress | 49 | 21 | 7 |
Tax charge | £ 485 | £ 830 | £ 624 |
Tax, percentage | |||
Applicable tax rate | 19% | 19% | 19% |
Tax rate impact of profits/losses earned in territories with different statutory rates to the UK | 3.30% | 5% | 6% |
Recurring items, percentages | |||
Non-creditable taxes including withholding taxes, percentage | 2.40% | 2.30% | 3.40% |
Non-deductible expenses, percentage | 0.60% | 1.10% | 0.90% |
Impact of UK bank levy being non-deductible, percentage | 0.60% | 0.50% | 1.60% |
Impact of Barclays Bank PLC's overseas branches being taxed both locally and in the UK, percentage | 0.30% | 0.50% | 0.80% |
Tax adjustments in respect of share-based payments, percentage | 0.20% | (0.10%) | 0.50% |
Banking surcharge and other items, percentage | (0.80%) | (0.90%) | (2.30%) |
Non-taxable gains and income, percentage | (2.60%) | (2.80%) | (5.90%) |
Tax relief on payments made under AT1 instruments, percentage | (2.80%) | (2.10%) | (4.00%) |
Changes in recognition of deferred tax and effect of unrecognised tax losses, percentage | (3.00%) | (2.60%) | (4.00%) |
Adjustments in respect of prior years, percentage | (3.20%) | 1.90% | 6.30% |
Tax relief on holdings of inflation linked government bonds, percentage | (0.105) | (0.029) | (0.006) |
Non-recurring items, percentages | |||
Remeasurement of UK deferred tax assets due to tax rate changes, percentage | 3.80% | (4.00%) | (1.40%) |
Non-deductible provisions for investigations and litigation, percentage | 1.70% | 0% | (0.20%) |
Non-deductible provisions for UK customer redress, percentage | 1% | 0.40% | 0.20% |
Total tax charge, percentage | 10% | 15.30% | 20.30% |
UK banking surcharge rate | 8% | 8% | 8% |
Weighted average | |||
Tax, percentage | |||
Tax rate impact of profits/losses earned in territories with different statutory rates to the UK | 22.30% | 24% | 25% |
Tax - Deferred tax assets and l
Tax - Deferred tax assets and liabilities (Details) - GBP (£) £ in Millions | Dec. 31, 2022 | Dec. 31, 2021 |
Disclosure of temporary difference, unused tax losses and unused tax credits [line items] | ||
Deferred tax assets | £ 4,583 | £ 2,981 |
Deferred tax liability - UK Tax Group | 0 | (6) |
Net deferred tax | 4,583 | 2,975 |
IHC Tax Group | ||
Disclosure of temporary difference, unused tax losses and unused tax credits [line items] | ||
Deferred tax assets | 1,094 | 1,004 |
Barclays Bank PLC's US Branch Tax Group | ||
Disclosure of temporary difference, unused tax losses and unused tax credits [line items] | ||
Deferred tax assets | 482 | 1,002 |
UK Tax Group | ||
Disclosure of temporary difference, unused tax losses and unused tax credits [line items] | ||
Deferred tax assets | 3,114 | 1,679 |
Deferred tax liability - UK Tax Group | 0 | (6) |
UK Tax Group | UNITED KINGDOM | ||
Disclosure of temporary difference, unused tax losses and unused tax credits [line items] | ||
Deferred tax assets | 2,557 | 576 |
Other (outside the UK and US tax groups) | ||
Disclosure of temporary difference, unused tax losses and unused tax credits [line items] | ||
Deferred tax assets | £ 450 | £ 399 |
Tax - Movements on deferred tax
Tax - Movements on deferred tax assets and liabilities during the year before offsetting (Details) - GBP (£) £ in Millions | 12 Months Ended | ||
Dec. 31, 2022 | Dec. 31, 2021 | Dec. 31, 2020 | |
Reconciliation of changes in deferred tax liability (asset) [abstract] | |||
Assets, beginning balance | £ 4,719 | £ 3,688 | |
Liabilities, beginning balance | (1,744) | (1,361) | |
Assets (liabilities), beginning balance | 2,975 | 2,327 | |
Income statement | (487) | 467 | £ 372 |
Other comprehensive income and reserves | 1,904 | 182 | |
Other movements | 191 | (1) | |
Assets, ending balance | 6,229 | 4,719 | 3,688 |
Liabilities, ending balance | (1,646) | (1,744) | (1,361) |
Assets (liabilities), ending balance | 4,583 | 2,975 | 2,327 |
Share based payments and deferred compensation | |||
Reconciliation of changes in deferred tax liability (asset) [abstract] | |||
Assets, beginning balance | 327 | 317 | |
Liabilities, beginning balance | 0 | 0 | |
Assets (liabilities), beginning balance | 327 | 317 | |
Income statement | (2) | (13) | |
Other comprehensive income and reserves | (17) | 20 | |
Other movements | 21 | 3 | |
Assets, ending balance | 329 | 327 | 317 |
Liabilities, ending balance | 0 | 0 | 0 |
Assets (liabilities), ending balance | 329 | 327 | 317 |
Retirement benefit obligations | |||
Reconciliation of changes in deferred tax liability (asset) [abstract] | |||
Assets, beginning balance | 24 | 30 | |
Liabilities, beginning balance | (1,674) | (826) | |
Assets (liabilities), beginning balance | (1,650) | (796) | |
Income statement | (7) | 1 | |
Other comprehensive income and reserves | 357 | (855) | |
Other movements | 6 | 0 | |
Assets, ending balance | 21 | 24 | 30 |
Liabilities, ending balance | (1,315) | (1,674) | (826) |
Assets (liabilities), ending balance | (1,294) | (1,650) | (796) |
Cash flow hedges | |||
Reconciliation of changes in deferred tax liability (asset) [abstract] | |||
Assets, beginning balance | 309 | 0 | |
Liabilities, beginning balance | 0 | (441) | |
Assets (liabilities), beginning balance | 309 | (441) | |
Income statement | 0 | 0 | |
Other comprehensive income and reserves | 1,731 | 750 | |
Other movements | 0 | 0 | |
Assets, ending balance | 2,040 | 309 | 0 |
Liabilities, ending balance | 0 | 0 | (441) |
Assets (liabilities), ending balance | 2,040 | 309 | (441) |
Fair value through other comprehensive income | |||
Reconciliation of changes in deferred tax liability (asset) [abstract] | |||
Assets, beginning balance | 144 | 0 | |
Liabilities, beginning balance | 0 | (21) | |
Assets (liabilities), beginning balance | 144 | (21) | |
Income statement | (6) | (6) | |
Other comprehensive income and reserves | 449 | 170 | |
Other movements | 3 | 1 | |
Assets, ending balance | 590 | 144 | 0 |
Liabilities, ending balance | 0 | 0 | (21) |
Assets (liabilities), ending balance | 590 | 144 | (21) |
Fixed asset timing differences | |||
Reconciliation of changes in deferred tax liability (asset) [abstract] | |||
Assets, beginning balance | 678 | 659 | |
Liabilities, beginning balance | (30) | (33) | |
Assets (liabilities), beginning balance | 648 | 626 | |
Income statement | (531) | 14 | |
Other comprehensive income and reserves | 0 | 0 | |
Other movements | 33 | 8 | |
Assets, ending balance | 215 | 678 | 659 |
Liabilities, ending balance | (65) | (30) | (33) |
Assets (liabilities), ending balance | 150 | 648 | 626 |
Loan impairment allowance | |||
Reconciliation of changes in deferred tax liability (asset) [abstract] | |||
Assets, beginning balance | 481 | 455 | |
Liabilities, beginning balance | 0 | 0 | |
Assets (liabilities), beginning balance | 481 | 455 | |
Income statement | 47 | 38 | |
Other comprehensive income and reserves | 0 | 0 | |
Other movements | 20 | (12) | |
Assets, ending balance | 548 | 481 | 455 |
Liabilities, ending balance | 0 | 0 | 0 |
Assets (liabilities), ending balance | 548 | 481 | 455 |
Own credit | |||
Reconciliation of changes in deferred tax liability (asset) [abstract] | |||
Assets, beginning balance | 426 | 329 | |
Liabilities, beginning balance | 0 | 0 | |
Assets (liabilities), beginning balance | 426 | 329 | |
Income statement | 0 | 0 | |
Other comprehensive income and reserves | (616) | 98 | |
Other movements | 0 | (1) | |
Assets, ending balance | 0 | 426 | 329 |
Liabilities, ending balance | (190) | 0 | 0 |
Assets (liabilities), ending balance | (190) | 426 | 329 |
Other temporary differences | |||
Reconciliation of changes in deferred tax liability (asset) [abstract] | |||
Assets, beginning balance | 1,134 | 1,187 | |
Liabilities, beginning balance | (40) | (40) | |
Assets (liabilities), beginning balance | 1,094 | 1,147 | |
Income statement | (140) | (52) | |
Other comprehensive income and reserves | 0 | (1) | |
Other movements | 108 | 0 | |
Assets, ending balance | 1,138 | 1,134 | 1,187 |
Liabilities, ending balance | (76) | (40) | (40) |
Assets (liabilities), ending balance | 1,062 | 1,094 | 1,147 |
Tax losses carried forward | |||
Reconciliation of changes in deferred tax liability (asset) [abstract] | |||
Assets, beginning balance | 1,196 | 711 | |
Liabilities, beginning balance | 0 | 0 | |
Assets (liabilities), beginning balance | 1,196 | 711 | |
Income statement | 152 | 485 | |
Other comprehensive income and reserves | 0 | 0 | |
Other movements | 0 | 0 | |
Assets, ending balance | 1,348 | 1,196 | 711 |
Liabilities, ending balance | 0 | 0 | 0 |
Assets (liabilities), ending balance | £ 1,348 | £ 1,196 | £ 711 |
Dividends on ordinary shares _2
Dividends on ordinary shares and other equity instruments (Narrative) (Details) - GBP (£) £ / shares in Units, £ in Millions | 12 Months Ended | |
Dec. 31, 2022 | Dec. 31, 2021 | |
Dividends paid, ordinary shares | £ 200 | £ 794 |
Dividends on preference shares and other shareholders equity | 31 | 27 |
Ordinary share capital | ||
Dividends paid, ordinary shares | 200 | 794 |
Dividends paid, relating to prior years | £ 200 | 174 |
Dividends, interim | £ 620 | |
Dividends paid on ordinary shares (in GBP per share) | £ 0.09 | £ 0.34 |
Dividends approved but not recognised | £ 700 | |
Preference share capital | ||
Dividends on preference shares and other shareholders equity | £ 31 | £ 27 |
4.75% Euro preference shares | ||
Dividends paid on preference shares (in GBP per share) | £ 53.42 | £ 14.37 |
6.278% US$100 preference shares | ||
Dividends paid on preference shares (in GBP per share) | £ 511.27 | £ 459.69 |
Trading portfolio (Details)
Trading portfolio (Details) - GBP (£) £ in Millions | Dec. 31, 2022 | Dec. 31, 2021 |
Disclosure of detailed information about financial instruments [line items] | ||
Trading Portfolio Assets | £ 133,771 | £ 146,871 |
Trading Portfolio Liabilities | (72,460) | (53,291) |
Debt securities and other eligible bills | ||
Disclosure of detailed information about financial instruments [line items] | ||
Trading Portfolio Assets | 55,430 | 50,700 |
Trading Portfolio Liabilities | (39,068) | (34,079) |
Equity securities | ||
Disclosure of detailed information about financial instruments [line items] | ||
Trading Portfolio Assets | 65,034 | 83,113 |
Trading Portfolio Liabilities | (33,392) | (19,212) |
Traded loans | ||
Disclosure of detailed information about financial instruments [line items] | ||
Trading Portfolio Assets | 13,198 | 12,525 |
Commodities | ||
Disclosure of detailed information about financial instruments [line items] | ||
Trading Portfolio Assets | £ 109 | £ 533 |
Financial assets at fair valu_5
Financial assets at fair value through the income statement (Details) - GBP (£) £ in Millions | Dec. 31, 2022 | Dec. 31, 2021 |
Disclosure of financial assets [line items] | ||
Loans and advances | £ 182,507 | £ 145,259 |
Reverse repurchase agreements and other similar secured lending | 725 | 3,177 |
Other financial assets | 1,503 | 994 |
Financial assets at fair value through profit or loss | 211,128 | 188,226 |
Net gains on financial instruments designated at fair value | ||
Disclosure of financial assets [line items] | ||
Loans and advances | 1,679 | 2,813 |
Debt securities | 205 | 318 |
Other financial assets | 1 | 0 |
Financial assets at fair value through profit or loss | 1,885 | 3,131 |
Net gains on financial instruments mandatorily at fair value | ||
Disclosure of financial assets [line items] | ||
Loans and advances | 36,511 | 33,089 |
Debt securities | 3,012 | 1,937 |
Equity securities | 4,934 | 4,798 |
Reverse repurchase agreements and other similar secured lending | 164,698 | 145,186 |
Other financial assets | 88 | 85 |
Financial assets at fair value through profit or loss | £ 209,243 | £ 185,095 |
Financial assets at fair valu_6
Financial assets at fair value through the income statement - Credit risk of loans and advances designated at fair value and related credit derivatives (Details) - GBP (£) £ in Millions | 12 Months Ended | |
Dec. 31, 2022 | Dec. 31, 2021 | |
Credit derivatives | Derivatives | ||
Disclosure of financial assets [line items] | ||
Value mitigated by related credit derivatives | £ 855 | £ 1,617 |
Changes in fair value during the year ended | (1) | (3) |
Cumulative changes in fair value from inception | (1) | (3) |
Loans and advances at amortised cost | ||
Disclosure of financial assets [line items] | ||
Loans and advances designated at fair value, attributable to credit risk | 1,679 | 2,813 |
Changes in fair value during the year ended | 0 | 1 |
Cumulative changes in fair value from inception | £ (3) | £ (3) |
Derivative financial instrume_3
Derivative financial instruments - Narrative (Details) - hedge | 12 Months Ended | |
Dec. 31, 2022 | Dec. 31, 2021 | |
Derivatives designated as fair value hedges | Fixed interest rate | Interest rate derivatives | ||
Disclosure of detailed information about financial instruments [line items] | ||
Number of hedges | 712 | 618 |
Average rate of hedging instrument | 1.77% | 1.10% |
Derivatives designated as fair value hedges | Fixed interest rate | - Inflation risk | ||
Disclosure of detailed information about financial instruments [line items] | ||
Number of hedges | 49 | 60 |
Average rate of hedging instrument | 0.55% | 0.59% |
Bottom of range | ||
Disclosure of detailed information about financial instruments [line items] | ||
Hedging effectiveness | 80% | |
Top of range | ||
Disclosure of detailed information about financial instruments [line items] | ||
Hedging effectiveness | 125% |
Derivative financial instrume_4
Derivative financial instruments - Total Derivatives (Details) - GBP (£) £ in Millions | Dec. 31, 2022 | Dec. 31, 2021 |
Disclosure of risk management strategy related to hedge accounting [line items] | ||
Notional contract amount | £ 52,342,870 | £ 47,412,915 |
Derivative assets | 302,976 | 262,291 |
Derivative liabilities | (289,206) | (256,523) |
Fair value | ||
Disclosure of risk management strategy related to hedge accounting [line items] | ||
Derivative assets held for trading | 302,665 | 262,046 |
Derivative assets held for held for risk management | 311 | 245 |
Derivative assets | 302,976 | 262,291 |
Derivative liabilities held for trading | (288,398) | (255,471) |
Derivative liabilities held for risk management | (808) | (1,052) |
Derivative liabilities | (289,206) | (256,523) |
Derivatives held for risk management | ||
Disclosure of risk management strategy related to hedge accounting [line items] | ||
Notional contract amount | 178,628 | 126,292 |
Derivatives held for risk management | Fair value | ||
Disclosure of risk management strategy related to hedge accounting [line items] | ||
Derivative assets held for held for risk management | 311 | 245 |
Derivative liabilities held for risk management | (808) | (1,052) |
Derivatives held for trading | ||
Disclosure of risk management strategy related to hedge accounting [line items] | ||
Notional contract amount | 52,164,242 | 47,286,623 |
Derivatives held for trading | Fair value | ||
Disclosure of risk management strategy related to hedge accounting [line items] | ||
Derivative assets held for trading | 302,665 | 262,046 |
Derivative liabilities held for trading | £ (288,398) | £ (255,471) |
Derivative financial instrume_5
Derivative financial instruments - Derivatives held for trading and risk management (Details) - GBP (£) £ in Millions | Dec. 31, 2022 | Dec. 31, 2021 |
Disclosure of detailed information about financial instruments [line items] | ||
Notional contract amount | £ 52,342,870 | £ 47,412,915 |
Fair value | ||
Disclosure of detailed information about financial instruments [line items] | ||
Derivative assets held for trading | 302,665 | 262,046 |
Derivative liabilities held for trading | (288,398) | (255,471) |
Derivative financial assets held for hedging | 311 | 245 |
Derivative liabilities held for risk management | (808) | (1,052) |
Derivatives held for risk management | ||
Disclosure of detailed information about financial instruments [line items] | ||
Notional contract amount | 178,628 | 126,292 |
Derivatives held for risk management | Fair value | ||
Disclosure of detailed information about financial instruments [line items] | ||
Derivative financial assets held for hedging | 311 | 245 |
Derivative liabilities held for risk management | (808) | (1,052) |
Derivatives held for risk management | Fair value | OTC derivatives | ||
Disclosure of detailed information about financial instruments [line items] | ||
Derivative financial assets held for hedging | 311 | 245 |
Derivative liabilities held for risk management | (808) | (1,052) |
Derivatives held for risk management | Fair value | Derivatives cleared by central counterparty | ||
Disclosure of detailed information about financial instruments [line items] | ||
Derivative financial assets held for hedging | 0 | 0 |
Derivative liabilities held for risk management | 0 | 0 |
Derivatives held for risk management | Derivatives | ||
Disclosure of detailed information about financial instruments [line items] | ||
Notional contract amount | 178,628 | 126,292 |
Derivatives held for risk management | Derivatives | OTC derivatives | ||
Disclosure of detailed information about financial instruments [line items] | ||
Notional contract amount | 10,715 | 9,744 |
Derivatives held for risk management | Derivatives | Derivatives cleared by central counterparty | ||
Disclosure of detailed information about financial instruments [line items] | ||
Notional contract amount | 167,913 | 116,548 |
Derivatives held for risk management | Cash flow hedges | Fair value | ||
Disclosure of detailed information about financial instruments [line items] | ||
Derivative financial assets held for hedging | 187 | 155 |
Derivative liabilities held for risk management | (12) | (3) |
Derivatives held for risk management | Cash flow hedges | Derivatives | ||
Disclosure of detailed information about financial instruments [line items] | ||
Notional contract amount | 94,632 | 65,049 |
Derivatives held for risk management | Derivatives designated as fair value hedges | Fair value | ||
Disclosure of detailed information about financial instruments [line items] | ||
Derivative financial assets held for hedging | 27 | 53 |
Derivative liabilities held for risk management | (776) | (1,045) |
Derivatives held for risk management | Derivatives designated as fair value hedges | Derivatives | ||
Disclosure of detailed information about financial instruments [line items] | ||
Notional contract amount | 80,108 | 58,820 |
Derivatives held for risk management | Derivatives designated as hedges of net investments | Fair value | ||
Disclosure of detailed information about financial instruments [line items] | ||
Derivative financial assets held for hedging | 97 | 37 |
Derivative liabilities held for risk management | (20) | (4) |
Derivatives held for risk management | Derivatives designated as hedges of net investments | Derivatives | ||
Disclosure of detailed information about financial instruments [line items] | ||
Notional contract amount | 3,888 | 2,423 |
Derivatives held for risk management | Foreign exchange derivatives | Cash flow hedges | Fair value | ||
Disclosure of detailed information about financial instruments [line items] | ||
Derivative financial assets held for hedging | 175 | 155 |
Derivative liabilities held for risk management | (12) | 0 |
Derivatives held for risk management | Foreign exchange derivatives | Cash flow hedges | Derivatives | ||
Disclosure of detailed information about financial instruments [line items] | ||
Notional contract amount | 2,000 | 1,000 |
Derivatives held for risk management | Foreign exchange derivatives | Derivatives designated as fair value hedges | Fair value | ||
Disclosure of detailed information about financial instruments [line items] | ||
Derivative financial assets held for hedging | 0 | 0 |
Derivative liabilities held for risk management | 0 | 0 |
Derivatives held for risk management | Foreign exchange derivatives | Derivatives designated as fair value hedges | Derivatives | ||
Disclosure of detailed information about financial instruments [line items] | ||
Notional contract amount | 0 | 0 |
Derivatives held for risk management | Foreign exchange derivatives | Derivatives designated as hedges of net investments | Fair value | ||
Disclosure of detailed information about financial instruments [line items] | ||
Derivative financial assets held for hedging | 97 | 37 |
Derivative liabilities held for risk management | (20) | (4) |
Derivatives held for risk management | Foreign exchange derivatives | Derivatives designated as hedges of net investments | Derivatives | ||
Disclosure of detailed information about financial instruments [line items] | ||
Notional contract amount | 3,888 | 2,423 |
Derivatives held for risk management | Interest rate derivatives | Cash flow hedges | Fair value | ||
Disclosure of detailed information about financial instruments [line items] | ||
Derivative financial assets held for hedging | 12 | 0 |
Derivative liabilities held for risk management | 0 | (3) |
Derivatives held for risk management | Interest rate derivatives | Cash flow hedges | Fair value | Derivatives cleared by central counterparty | ||
Disclosure of detailed information about financial instruments [line items] | ||
Derivative financial assets held for hedging | 0 | 0 |
Derivative liabilities held for risk management | 0 | 0 |
Derivatives held for risk management | Interest rate derivatives | Cash flow hedges | Derivatives | ||
Disclosure of detailed information about financial instruments [line items] | ||
Notional contract amount | 266 | 465 |
Derivatives held for risk management | Interest rate derivatives | Cash flow hedges | Derivatives | Derivatives cleared by central counterparty | ||
Disclosure of detailed information about financial instruments [line items] | ||
Notional contract amount | 92,366 | 63,584 |
Derivatives held for risk management | Interest rate derivatives | Derivatives designated as fair value hedges | Fair value | ||
Disclosure of detailed information about financial instruments [line items] | ||
Derivative financial assets held for hedging | 27 | 53 |
Derivative liabilities held for risk management | (776) | (1,045) |
Derivatives held for risk management | Interest rate derivatives | Derivatives designated as fair value hedges | Fair value | Derivatives cleared by central counterparty | ||
Disclosure of detailed information about financial instruments [line items] | ||
Derivative financial assets held for hedging | 0 | 0 |
Derivative liabilities held for risk management | 0 | 0 |
Derivatives held for risk management | Interest rate derivatives | Derivatives designated as fair value hedges | Derivatives | ||
Disclosure of detailed information about financial instruments [line items] | ||
Notional contract amount | 4,561 | 5,856 |
Derivatives held for risk management | Interest rate derivatives | Derivatives designated as fair value hedges | Derivatives | Derivatives cleared by central counterparty | ||
Disclosure of detailed information about financial instruments [line items] | ||
Notional contract amount | 75,547 | 52,964 |
Derivatives held for trading | ||
Disclosure of detailed information about financial instruments [line items] | ||
Notional contract amount | 52,164,242 | 47,286,623 |
Derivatives held for trading | Fair value | ||
Disclosure of detailed information about financial instruments [line items] | ||
Derivative assets held for trading | 302,665 | 262,046 |
Derivative liabilities held for trading | (288,398) | (255,471) |
Derivatives held for trading | Fair value | OTC derivatives | ||
Disclosure of detailed information about financial instruments [line items] | ||
Derivative assets held for trading | 256,728 | 223,098 |
Derivative liabilities held for trading | (241,553) | (216,411) |
Derivatives held for trading | Fair value | Derivatives cleared by central counterparty | ||
Disclosure of detailed information about financial instruments [line items] | ||
Derivative assets held for trading | 3,918 | 2,901 |
Derivative liabilities held for trading | (4,134) | (2,779) |
Derivatives held for trading | Fair value | Exchange traded derivatives | ||
Disclosure of detailed information about financial instruments [line items] | ||
Derivative assets held for trading | 42,019 | 36,047 |
Derivative liabilities held for trading | (42,711) | (36,281) |
Derivatives held for trading | Derivatives | ||
Disclosure of detailed information about financial instruments [line items] | ||
Notional contract amount | 52,164,242 | 47,286,623 |
Derivatives held for trading | Derivatives | OTC derivatives | ||
Disclosure of detailed information about financial instruments [line items] | ||
Notional contract amount | 21,746,596 | 20,818,738 |
Derivatives held for trading | Derivatives | Derivatives cleared by central counterparty | ||
Disclosure of detailed information about financial instruments [line items] | ||
Notional contract amount | 22,610,926 | 19,630,934 |
Derivatives held for trading | Derivatives | Exchange traded derivatives | ||
Disclosure of detailed information about financial instruments [line items] | ||
Notional contract amount | 7,806,720 | 6,836,951 |
Derivatives held for trading | Foreign exchange derivatives | Fair value | ||
Disclosure of detailed information about financial instruments [line items] | ||
Derivative assets held for trading | 109,320 | 76,236 |
Derivative liabilities held for trading | (103,519) | (74,225) |
Derivatives held for trading | Foreign exchange derivatives | Fair value | OTC derivatives | ||
Disclosure of detailed information about financial instruments [line items] | ||
Derivative assets held for trading | 108,865 | 76,055 |
Derivative liabilities held for trading | (103,040) | (74,014) |
Derivatives held for trading | Foreign exchange derivatives | Fair value | Derivatives cleared by central counterparty | ||
Disclosure of detailed information about financial instruments [line items] | ||
Derivative assets held for trading | 440 | 171 |
Derivative liabilities held for trading | (473) | (208) |
Derivatives held for trading | Foreign exchange derivatives | Fair value | Exchange traded derivatives | ||
Disclosure of detailed information about financial instruments [line items] | ||
Derivative assets held for trading | 15 | 10 |
Derivative liabilities held for trading | (6) | (3) |
Derivatives held for trading | Foreign exchange derivatives | Derivatives | ||
Disclosure of detailed information about financial instruments [line items] | ||
Notional contract amount | 5,906,695 | 5,819,803 |
Derivatives held for trading | Foreign exchange derivatives | Derivatives | OTC derivatives | ||
Disclosure of detailed information about financial instruments [line items] | ||
Notional contract amount | 5,773,814 | 5,700,055 |
Derivatives held for trading | Foreign exchange derivatives | Derivatives | Derivatives cleared by central counterparty | ||
Disclosure of detailed information about financial instruments [line items] | ||
Notional contract amount | 113,455 | 99,664 |
Derivatives held for trading | Foreign exchange derivatives | Derivatives | Exchange traded derivatives | ||
Disclosure of detailed information about financial instruments [line items] | ||
Notional contract amount | 19,426 | 20,084 |
Derivatives held for trading | Interest rate derivatives | Fair value | ||
Disclosure of detailed information about financial instruments [line items] | ||
Derivative assets held for trading | 135,491 | 126,147 |
Derivative liabilities held for trading | (121,523) | (114,767) |
Derivatives held for trading | Interest rate derivatives | Fair value | OTC derivatives | ||
Disclosure of detailed information about financial instruments [line items] | ||
Derivative assets held for trading | 130,917 | 124,187 |
Derivative liabilities held for trading | (117,016) | (113,098) |
Derivatives held for trading | Interest rate derivatives | Fair value | Derivatives cleared by central counterparty | ||
Disclosure of detailed information about financial instruments [line items] | ||
Derivative assets held for trading | 2,317 | 1,055 |
Derivative liabilities held for trading | (2,340) | (762) |
Derivatives held for trading | Interest rate derivatives | Fair value | Exchange traded derivatives | ||
Disclosure of detailed information about financial instruments [line items] | ||
Derivative assets held for trading | 2,257 | 905 |
Derivative liabilities held for trading | (2,167) | (907) |
Derivatives held for trading | Interest rate derivatives | Derivatives | ||
Disclosure of detailed information about financial instruments [line items] | ||
Notional contract amount | 41,982,746 | 38,295,647 |
Derivatives held for trading | Interest rate derivatives | Derivatives | OTC derivatives | ||
Disclosure of detailed information about financial instruments [line items] | ||
Notional contract amount | 14,938,526 | 14,229,139 |
Derivatives held for trading | Interest rate derivatives | Derivatives | Derivatives cleared by central counterparty | ||
Disclosure of detailed information about financial instruments [line items] | ||
Notional contract amount | 21,390,094 | 18,865,670 |
Derivatives held for trading | Interest rate derivatives | Derivatives | Exchange traded derivatives | ||
Disclosure of detailed information about financial instruments [line items] | ||
Notional contract amount | 5,654,126 | 5,200,838 |
Derivatives held for trading | Credit derivatives | Fair value | ||
Disclosure of detailed information about financial instruments [line items] | ||
Derivative assets held for trading | 5,423 | 5,682 |
Derivative liabilities held for trading | (6,052) | (6,561) |
Derivatives held for trading | Credit derivatives | Fair value | OTC derivatives | ||
Disclosure of detailed information about financial instruments [line items] | ||
Derivative assets held for trading | 4,262 | 4,007 |
Derivative liabilities held for trading | (4,731) | (4,752) |
Derivatives held for trading | Credit derivatives | Fair value | Derivatives cleared by central counterparty | ||
Disclosure of detailed information about financial instruments [line items] | ||
Derivative assets held for trading | 1,161 | 1,675 |
Derivative liabilities held for trading | (1,321) | (1,809) |
Derivatives held for trading | Credit derivatives | Derivatives | ||
Disclosure of detailed information about financial instruments [line items] | ||
Notional contract amount | 1,727,220 | 1,272,104 |
Derivatives held for trading | Credit derivatives | Derivatives | OTC derivatives | ||
Disclosure of detailed information about financial instruments [line items] | ||
Notional contract amount | 619,843 | 606,504 |
Derivatives held for trading | Credit derivatives | Derivatives | Derivatives cleared by central counterparty | ||
Disclosure of detailed information about financial instruments [line items] | ||
Notional contract amount | 1,107,377 | 665,600 |
Derivatives held for trading | Equity and stock index derivatives | Fair value | ||
Disclosure of detailed information about financial instruments [line items] | ||
Derivative assets held for trading | 48,656 | 51,694 |
Derivative liabilities held for trading | (53,489) | (57,614) |
Derivatives held for trading | Equity and stock index derivatives | Fair value | OTC derivatives | ||
Disclosure of detailed information about financial instruments [line items] | ||
Derivative assets held for trading | 12,670 | 18,793 |
Derivative liabilities held for trading | (16,715) | (24,440) |
Derivatives held for trading | Equity and stock index derivatives | Fair value | Exchange traded derivatives | ||
Disclosure of detailed information about financial instruments [line items] | ||
Derivative assets held for trading | 35,986 | 32,901 |
Derivative liabilities held for trading | (36,774) | (33,174) |
Derivatives held for trading | Equity and stock index derivatives | Derivatives | ||
Disclosure of detailed information about financial instruments [line items] | ||
Notional contract amount | 2,334,615 | 1,747,448 |
Derivatives held for trading | Equity and stock index derivatives | Derivatives | OTC derivatives | ||
Disclosure of detailed information about financial instruments [line items] | ||
Notional contract amount | 410,002 | 278,370 |
Derivatives held for trading | Equity and stock index derivatives | Derivatives | Exchange traded derivatives | ||
Disclosure of detailed information about financial instruments [line items] | ||
Notional contract amount | 1,924,613 | 1,469,078 |
Derivatives held for trading | Commodity derivatives | Fair value | ||
Disclosure of detailed information about financial instruments [line items] | ||
Derivative assets held for trading | 3,775 | 2,287 |
Derivative liabilities held for trading | (3,815) | (2,304) |
Derivatives held for trading | Commodity derivatives | Fair value | OTC derivatives | ||
Disclosure of detailed information about financial instruments [line items] | ||
Derivative assets held for trading | 14 | 56 |
Derivative liabilities held for trading | (51) | (107) |
Derivatives held for trading | Commodity derivatives | Fair value | Exchange traded derivatives | ||
Disclosure of detailed information about financial instruments [line items] | ||
Derivative assets held for trading | 3,761 | 2,231 |
Derivative liabilities held for trading | (3,764) | (2,197) |
Derivatives held for trading | Commodity derivatives | Derivatives | ||
Disclosure of detailed information about financial instruments [line items] | ||
Notional contract amount | 212,966 | 151,621 |
Derivatives held for trading | Commodity derivatives | Derivatives | OTC derivatives | ||
Disclosure of detailed information about financial instruments [line items] | ||
Notional contract amount | 4,411 | 4,670 |
Derivatives held for trading | Commodity derivatives | Derivatives | Exchange traded derivatives | ||
Disclosure of detailed information about financial instruments [line items] | ||
Notional contract amount | £ 208,555 | £ 146,951 |
Derivative financial instrume_6
Derivative financial instruments - The significant hedge accounting exposures impacted by the IBOR reform (Details) - IBOR Reform £ / shares in Millions, £ in Millions | Dec. 31, 2022 GBP (£) £ / shares |
Disclosure of risk management strategy related to hedge accounting [line items] | |
Nominal amount of hedged items directly impacted by IBOR reform | £ | £ 20,390 |
Nominal amount of hedging instruments directly impacted by IBOR reform | £ / shares | 21,208 |
USD LIBOR | |
Disclosure of risk management strategy related to hedge accounting [line items] | |
Nominal amount of hedged items directly impacted by IBOR reform | £ | £ 19,286 |
Nominal amount of hedging instruments directly impacted by IBOR reform | £ / shares | 20,104 |
Canadian Dollar Offered Rate (CDOR) | |
Disclosure of risk management strategy related to hedge accounting [line items] | |
Nominal amount of hedged items directly impacted by IBOR reform | £ | £ 980 |
Nominal amount of hedging instruments directly impacted by IBOR reform | £ / shares | 980 |
Singapore Swap Offered Rate (SOR) | |
Disclosure of risk management strategy related to hedge accounting [line items] | |
Nominal amount of hedged items directly impacted by IBOR reform | £ | £ 124 |
Nominal amount of hedging instruments directly impacted by IBOR reform | £ / shares | 124 |
Derivative financial instrume_7
Derivative financial instruments - Hedged items in fair value hedges (Details) - Derivatives designated as fair value hedges - GBP (£) £ in Millions | 12 Months Ended | |
Dec. 31, 2022 | Dec. 31, 2021 | |
Assets | ||
Carrying amount, hedged assets | £ 37,471 | £ 36,444 |
Accumulated fair value hedge adjustment included in carrying amount | (4,511) | 832 |
Of which: Accumulated fair value adjustment on items no longer in a hedge relationship | (219) | 2 |
Liabilities | ||
Carrying amount, hedged liabilities | (34,260) | (26,691) |
Accumulated fair value hedge adjustment included in carrying amount | 2,746 | (622) |
Of which: Accumulated fair value adjustment on items no longer in a hedge relationship | (26) | (320) |
Total Hedged Items | 3,211 | 9,753 |
Accumulated fair value hedge adjustment included in carrying amount, total | (1,765) | 210 |
Of which: Accumulated fair value adjustment on items no longer in a hedge relationship, total | (245) | (318) |
Change in fair value used as a basis to determine ineffectiveness | (3,173) | (431) |
Hedge ineffectiveness recognised in the income statement | 102 | 31 |
Hedged assets | ||
Liabilities | ||
Change in fair value used as a basis to determine ineffectiveness | (6,750) | (1,200) |
Hedge ineffectiveness recognised in the income statement | 80 | 25 |
Hedged assets | Interest rate risk | Debt securities classified as amortised cost | ||
Assets | ||
Carrying amount, hedged assets | 159 | 1,378 |
Accumulated fair value hedge adjustment included in carrying amount | (19) | (39) |
Of which: Accumulated fair value adjustment on items no longer in a hedge relationship | (11) | 0 |
Liabilities | ||
Change in fair value used as a basis to determine ineffectiveness | (133) | (75) |
Hedge ineffectiveness recognised in the income statement | (20) | (18) |
Hedged assets | Interest rate risk | Fair value through other comprehensive income | ||
Assets | ||
Carrying amount, hedged assets | 25,044 | 22,895 |
Accumulated fair value hedge adjustment included in carrying amount | (3,132) | (293) |
Of which: Accumulated fair value adjustment on items no longer in a hedge relationship | (228) | 28 |
Liabilities | ||
Change in fair value used as a basis to determine ineffectiveness | (3,833) | (1,122) |
Hedge ineffectiveness recognised in the income statement | 145 | 35 |
Hedged assets | - Inflation risk | Debt securities classified as amortised cost | ||
Assets | ||
Carrying amount, hedged assets | 3,854 | 4,087 |
Accumulated fair value hedge adjustment included in carrying amount | (1,287) | 400 |
Of which: Accumulated fair value adjustment on items no longer in a hedge relationship | 0 | 0 |
Liabilities | ||
Change in fair value used as a basis to determine ineffectiveness | (1,658) | (16) |
Hedge ineffectiveness recognised in the income statement | (18) | (1) |
Hedged assets | - Inflation risk | Fair value through other comprehensive income | ||
Assets | ||
Carrying amount, hedged assets | 6,019 | 6,271 |
Accumulated fair value hedge adjustment included in carrying amount | (181) | 386 |
Of which: Accumulated fair value adjustment on items no longer in a hedge relationship | 17 | (32) |
Liabilities | ||
Change in fair value used as a basis to determine ineffectiveness | (690) | 81 |
Hedge ineffectiveness recognised in the income statement | (26) | 10 |
Loans and advances at amortised cost | Interest rate risk | Financial assets at amortised cost | ||
Assets | ||
Carrying amount, hedged assets | 1,950 | 1,257 |
Accumulated fair value hedge adjustment included in carrying amount | (135) | 24 |
Of which: Accumulated fair value adjustment on items no longer in a hedge relationship | 3 | 6 |
Liabilities | ||
Change in fair value used as a basis to determine ineffectiveness | (325) | (77) |
Hedge ineffectiveness recognised in the income statement | (3) | (1) |
Loans and advances at amortised cost | - Inflation risk | Financial assets at amortised cost | ||
Assets | ||
Carrying amount, hedged assets | 445 | 556 |
Accumulated fair value hedge adjustment included in carrying amount | 243 | 354 |
Of which: Accumulated fair value adjustment on items no longer in a hedge relationship | 0 | 0 |
Liabilities | ||
Change in fair value used as a basis to determine ineffectiveness | (111) | 9 |
Hedge ineffectiveness recognised in the income statement | 2 | 0 |
Hedged liabilities | ||
Liabilities | ||
Change in fair value used as a basis to determine ineffectiveness | 3,577 | 769 |
Hedge ineffectiveness recognised in the income statement | 22 | 6 |
Debt securities classified as amortised cost | Interest rate risk | ||
Liabilities | ||
Carrying amount, hedged liabilities | (34,260) | (26,691) |
Accumulated fair value hedge adjustment included in carrying amount | 2,746 | (622) |
Of which: Accumulated fair value adjustment on items no longer in a hedge relationship | (26) | (320) |
Change in fair value used as a basis to determine ineffectiveness | 3,577 | 769 |
Hedge ineffectiveness recognised in the income statement | £ 22 | £ 6 |
Derivative financial instrume_8
Derivative financial instruments - Hedging instruments which are carried on the Barclays Bank's balance sheet (Fair value hedges) (Details) £ / shares in Millions, £ in Millions | 12 Months Ended | |
Dec. 31, 2022 GBP (£) £ / shares | Dec. 31, 2021 GBP (£) £ / shares | |
Nominal amount directly impacted by IBOR reform | ||
Disclosure of detailed information about hedging instruments [line items] | ||
Nominal amount | £ / shares | 21,208 | |
Derivatives designated as fair value hedges | ||
Disclosure of detailed information about hedging instruments [line items] | ||
Nominal amount | £ / shares | 80,108 | 58,820 |
Change in fair value used as a basis to determine ineffectiveness | £ 3,275 | £ 462 |
Derivatives designated as fair value hedges | Nominal amount directly impacted by IBOR reform | ||
Disclosure of detailed information about hedging instruments [line items] | ||
Nominal amount | £ / shares | 14,480 | 10,479 |
Derivatives designated as fair value hedges | Interest rate risk | ||
Disclosure of detailed information about hedging instruments [line items] | ||
Nominal amount | £ / shares | 67,613 | 51,219 |
Change in fair value used as a basis to determine ineffectiveness | £ 858 | £ 527 |
Derivatives designated as fair value hedges | Interest rate risk | Nominal amount directly impacted by IBOR reform | ||
Disclosure of detailed information about hedging instruments [line items] | ||
Nominal amount | £ / shares | 11,987 | 8,855 |
Derivatives designated as fair value hedges | - Inflation risk | ||
Disclosure of detailed information about hedging instruments [line items] | ||
Nominal amount | £ / shares | 12,495 | 7,601 |
Change in fair value used as a basis to determine ineffectiveness | £ 2,417 | £ (65) |
Derivatives designated as fair value hedges | - Inflation risk | Nominal amount directly impacted by IBOR reform | ||
Disclosure of detailed information about hedging instruments [line items] | ||
Nominal amount | £ / shares | 2,493 | 1,624 |
Derivatives | Derivatives designated as fair value hedges | ||
Disclosure of detailed information about hedging instruments [line items] | ||
Derivative assets | £ 27 | £ 53 |
Hedging instrument, liabilities | (776) | (1,045) |
Derivatives | Derivatives designated as fair value hedges | Interest rate risk | ||
Disclosure of detailed information about hedging instruments [line items] | ||
Derivative assets | 0 | 53 |
Hedging instrument, liabilities | 0 | 0 |
Derivatives | Derivatives designated as fair value hedges | - Inflation risk | ||
Disclosure of detailed information about hedging instruments [line items] | ||
Derivative assets | 27 | 0 |
Hedging instrument, liabilities | (776) | (1,045) |
Loan liabilities | Derivatives designated as fair value hedges | ||
Disclosure of detailed information about hedging instruments [line items] | ||
Hedging instrument, liabilities | 0 | 0 |
Loan liabilities | Derivatives designated as fair value hedges | Interest rate risk | ||
Disclosure of detailed information about hedging instruments [line items] | ||
Hedging instrument, liabilities | 0 | 0 |
Loan liabilities | Derivatives designated as fair value hedges | - Inflation risk | ||
Disclosure of detailed information about hedging instruments [line items] | ||
Hedging instrument, liabilities | £ 0 | £ 0 |
Derivative financial instrume_9
Derivative financial instruments - The expected notional values of current hedging instruments in future years (Details) - Derivatives designated as fair value hedges - £ / shares £ / shares in Millions | Dec. 31, 2022 | Dec. 31, 2021 |
Disclosure of information about terms and conditions of hedging instruments and how they affect future cash flows [line items] | ||
Nominal amount | 80,108 | 58,820 |
Interest rate risk | ||
Disclosure of information about terms and conditions of hedging instruments and how they affect future cash flows [line items] | ||
Nominal amount | 67,613 | 51,219 |
- Inflation risk | ||
Disclosure of information about terms and conditions of hedging instruments and how they affect future cash flows [line items] | ||
Nominal amount | 12,495 | 7,601 |
2022 | Interest rate risk | ||
Disclosure of information about terms and conditions of hedging instruments and how they affect future cash flows [line items] | ||
Nominal amount | 67,613 | |
2022 | - Inflation risk | ||
Disclosure of information about terms and conditions of hedging instruments and how they affect future cash flows [line items] | ||
Nominal amount | 12,495 | |
Later than one year and not later than two years [member] | Interest rate risk | ||
Disclosure of information about terms and conditions of hedging instruments and how they affect future cash flows [line items] | ||
Nominal amount | 63,902 | |
Later than one year and not later than two years [member] | - Inflation risk | ||
Disclosure of information about terms and conditions of hedging instruments and how they affect future cash flows [line items] | ||
Nominal amount | 12,064 | |
Later than two years and not later than three years [member] | Interest rate risk | ||
Disclosure of information about terms and conditions of hedging instruments and how they affect future cash flows [line items] | ||
Nominal amount | 54,595 | |
Later than two years and not later than three years [member] | - Inflation risk | ||
Disclosure of information about terms and conditions of hedging instruments and how they affect future cash flows [line items] | ||
Nominal amount | 9,873 | |
2025 | Interest rate risk | ||
Disclosure of information about terms and conditions of hedging instruments and how they affect future cash flows [line items] | ||
Nominal amount | 47,000 | |
2025 | - Inflation risk | ||
Disclosure of information about terms and conditions of hedging instruments and how they affect future cash flows [line items] | ||
Nominal amount | 8,824 | |
2026 | Interest rate risk | ||
Disclosure of information about terms and conditions of hedging instruments and how they affect future cash flows [line items] | ||
Nominal amount | 40,170 | |
2026 | - Inflation risk | ||
Disclosure of information about terms and conditions of hedging instruments and how they affect future cash flows [line items] | ||
Nominal amount | 7,477 | |
2027 | Interest rate risk | ||
Disclosure of information about terms and conditions of hedging instruments and how they affect future cash flows [line items] | ||
Nominal amount | 28,497 | |
2027 | - Inflation risk | ||
Disclosure of information about terms and conditions of hedging instruments and how they affect future cash flows [line items] | ||
Nominal amount | 7,449 | |
2028 and later | Interest rate risk | ||
Disclosure of information about terms and conditions of hedging instruments and how they affect future cash flows [line items] | ||
Nominal amount | 26,131 | |
2028 and later | - Inflation risk | ||
Disclosure of information about terms and conditions of hedging instruments and how they affect future cash flows [line items] | ||
Nominal amount | 6,779 |
Derivative financial instrum_10
Derivative financial instruments - Hedged items in cash flow hedges and hedges of net investments in foreign operations (Details) - GBP (£) £ in Millions | 12 Months Ended | ||
Dec. 31, 2022 | Dec. 31, 2021 | Dec. 31, 2020 | |
Disclosure of detailed information about hedged items [line items] | |||
Balance in currency translation reserve for continuing hedges | £ 4,992 | £ 2,581 | £ 2,736 |
Cash flow hedges | |||
Disclosure of detailed information about hedged items [line items] | |||
Change in fair value used as a basis to determine ineffectiveness | 7,547 | 2,206 | |
Balance in cash flow hedging reserve for continuing hedges | 4,754 | 1,123 | |
Balance in currency translation reserve for continuing hedges | 0 | 0 | |
Balances remaining in cash flow hedging reserve for which hedge accounting is no longer applied | 2,916 | (204) | |
Balances remaining in currency translation reserve for which hedge accounting is no longer applied | 0 | 0 | |
Hedging gains or losses recognised in other comprehensive income | 7,283 | 2,206 | |
Hedge ineffectiveness recognised in the income statement | (162) | (232) | |
Hedge of net investment in foreign operations | |||
Disclosure of detailed information about hedged items [line items] | |||
Change in fair value used as a basis to determine ineffectiveness | 1,130 | 91 | |
Balance in cash flow hedging reserve for continuing hedges | 0 | 0 | |
Balance in currency translation reserve for continuing hedges | 2,074 | 1,189 | |
Balances remaining in cash flow hedging reserve for which hedge accounting is no longer applied | 0 | 0 | |
Balances remaining in currency translation reserve for which hedge accounting is no longer applied | 88 | 186 | |
Hedging gains or losses recognised in other comprehensive income | 1,130 | 91 | |
Hedge ineffectiveness recognised in the income statement | 0 | 0 | |
Hedge of net investment in foreign operations | USD | |||
Disclosure of detailed information about hedged items [line items] | |||
Change in fair value used as a basis to determine ineffectiveness | 922 | 143 | |
Balance in cash flow hedging reserve for continuing hedges | 0 | 0 | |
Balance in currency translation reserve for continuing hedges | 1,767 | 1,184 | |
Balances remaining in cash flow hedging reserve for which hedge accounting is no longer applied | 0 | 0 | |
Balances remaining in currency translation reserve for which hedge accounting is no longer applied | 0 | 0 | |
Hedging gains or losses recognised in other comprehensive income | 922 | 143 | |
Hedge ineffectiveness recognised in the income statement | 0 | 0 | |
Hedge of net investment in foreign operations | EUR | |||
Disclosure of detailed information about hedged items [line items] | |||
Change in fair value used as a basis to determine ineffectiveness | 170 | (49) | |
Balance in cash flow hedging reserve for continuing hedges | 0 | 0 | |
Balance in currency translation reserve for continuing hedges | 127 | (39) | |
Balances remaining in cash flow hedging reserve for which hedge accounting is no longer applied | 0 | 0 | |
Balances remaining in currency translation reserve for which hedge accounting is no longer applied | 0 | 0 | |
Hedging gains or losses recognised in other comprehensive income | 170 | (49) | |
Hedge ineffectiveness recognised in the income statement | 0 | 0 | |
Hedge of net investment in foreign operations | Other | |||
Disclosure of detailed information about hedged items [line items] | |||
Change in fair value used as a basis to determine ineffectiveness | 38 | (3) | |
Balance in cash flow hedging reserve for continuing hedges | 0 | 0 | |
Balance in currency translation reserve for continuing hedges | 180 | 44 | |
Balances remaining in cash flow hedging reserve for which hedge accounting is no longer applied | 0 | 0 | |
Balances remaining in currency translation reserve for which hedge accounting is no longer applied | 88 | 186 | |
Hedging gains or losses recognised in other comprehensive income | 38 | (3) | |
Hedge ineffectiveness recognised in the income statement | 0 | 0 | |
Financial assets at amortised cost | Cash flow hedges | Loans and advances at amortised cost | Interest rate derivatives | |||
Disclosure of detailed information about hedged items [line items] | |||
Change in fair value used as a basis to determine ineffectiveness | 7,182 | 2,042 | |
Balance in cash flow hedging reserve for continuing hedges | 4,625 | 935 | |
Balance in currency translation reserve for continuing hedges | 0 | 0 | |
Balances remaining in cash flow hedging reserve for which hedge accounting is no longer applied | 2,900 | (192) | |
Balances remaining in currency translation reserve for which hedge accounting is no longer applied | 0 | 0 | |
Hedging gains or losses recognised in other comprehensive income | 7,182 | 2,042 | |
Hedge ineffectiveness recognised in the income statement | (197) | (211) | |
Financial assets at amortised cost | Cash flow hedges | Loans and advances at amortised cost | Foreign exchange derivatives | |||
Disclosure of detailed information about hedged items [line items] | |||
Change in fair value used as a basis to determine ineffectiveness | 3 | (88) | |
Balance in cash flow hedging reserve for continuing hedges | (13) | (16) | |
Balance in currency translation reserve for continuing hedges | 0 | 0 | |
Balances remaining in cash flow hedging reserve for which hedge accounting is no longer applied | 0 | 0 | |
Balances remaining in currency translation reserve for which hedge accounting is no longer applied | 0 | 0 | |
Hedging gains or losses recognised in other comprehensive income | 3 | (88) | |
Hedge ineffectiveness recognised in the income statement | 2 | 1 | |
Financial assets at amortised cost | Cash flow hedges | Debt securities classified as amortised cost | - Inflation risk | |||
Disclosure of detailed information about hedged items [line items] | |||
Change in fair value used as a basis to determine ineffectiveness | 362 | 252 | |
Balance in cash flow hedging reserve for continuing hedges | 142 | 204 | |
Balance in currency translation reserve for continuing hedges | 0 | 0 | |
Balances remaining in cash flow hedging reserve for which hedge accounting is no longer applied | 16 | (12) | |
Balances remaining in currency translation reserve for which hedge accounting is no longer applied | 0 | 0 | |
Hedging gains or losses recognised in other comprehensive income | 98 | 252 | |
Hedge ineffectiveness recognised in the income statement | £ 33 | £ (22) |
Derivative financial instrum_11
Derivative financial instruments - Cash flow and net investment hedging instruments which are carried on the balance sheet (Details) £ / shares in Millions, £ in Millions | 12 Months Ended | |
Dec. 31, 2022 GBP (£) £ / shares | Dec. 31, 2021 GBP (£) £ / shares | |
Nominal amount directly impacted by IBOR reform | ||
Disclosure of detailed information about hedging instruments [line items] | ||
Nominal amount | £ / shares | 21,208 | |
Cash flow hedges | ||
Disclosure of detailed information about hedging instruments [line items] | ||
Change in fair value used as a basis to determine ineffectiveness | £ (7,709) | £ (2,438) |
Nominal amount | £ / shares | 94,632 | 65,049 |
Cash flow hedges | Nominal amount directly impacted by IBOR reform | ||
Disclosure of detailed information about hedging instruments [line items] | ||
Nominal amount | £ / shares | 6,728 | 9,896 |
Cash flow hedges | Interest rate risk | ||
Disclosure of detailed information about hedging instruments [line items] | ||
Change in fair value used as a basis to determine ineffectiveness | £ (7,379) | £ (2,253) |
Nominal amount | £ / shares | 89,996 | 59,957 |
Cash flow hedges | Interest rate risk | Nominal amount directly impacted by IBOR reform | ||
Disclosure of detailed information about hedging instruments [line items] | ||
Nominal amount | £ / shares | 6,728 | 9,896 |
Cash flow hedges | Foreign exchange risk | ||
Disclosure of detailed information about hedging instruments [line items] | ||
Change in fair value used as a basis to determine ineffectiveness | £ (1) | £ 89 |
Nominal amount | £ / shares | 2,000 | 1,000 |
Cash flow hedges | Foreign exchange risk | Nominal amount directly impacted by IBOR reform | ||
Disclosure of detailed information about hedging instruments [line items] | ||
Nominal amount | £ / shares | 0 | 0 |
Cash flow hedges | - Inflation risk | ||
Disclosure of detailed information about hedging instruments [line items] | ||
Change in fair value used as a basis to determine ineffectiveness | £ (329) | £ (274) |
Nominal amount | £ / shares | 2,636 | 4,092 |
Cash flow hedges | - Inflation risk | Nominal amount directly impacted by IBOR reform | ||
Disclosure of detailed information about hedging instruments [line items] | ||
Nominal amount | £ / shares | 0 | 0 |
Hedge of net investment in foreign operations | Foreign exchange risk | ||
Disclosure of detailed information about hedging instruments [line items] | ||
Change in fair value used as a basis to determine ineffectiveness | £ (1,130) | £ (91) |
Nominal amount | £ / shares | 12,256 | 9,356 |
Hedge of net investment in foreign operations | Foreign exchange risk | Nominal amount directly impacted by IBOR reform | ||
Disclosure of detailed information about hedging instruments [line items] | ||
Nominal amount | £ / shares | 0 | 0 |
Derivatives | Cash flow hedges | ||
Disclosure of detailed information about hedging instruments [line items] | ||
Derivative assets | £ 187 | £ 155 |
Hedging instrument, liabilities | (12) | (3) |
Derivatives | Cash flow hedges | Interest rate risk | ||
Disclosure of detailed information about hedging instruments [line items] | ||
Derivative assets | 12 | 0 |
Hedging instrument, liabilities | 0 | 0 |
Derivatives | Cash flow hedges | Foreign exchange risk | ||
Disclosure of detailed information about hedging instruments [line items] | ||
Derivative assets | 175 | 155 |
Hedging instrument, liabilities | (12) | 0 |
Derivatives | Cash flow hedges | - Inflation risk | ||
Disclosure of detailed information about hedging instruments [line items] | ||
Derivative assets | 0 | 0 |
Hedging instrument, liabilities | 0 | (3) |
Derivatives | Hedge of net investment in foreign operations | Foreign exchange risk | ||
Disclosure of detailed information about hedging instruments [line items] | ||
Derivative assets | 97 | 37 |
Hedging instrument, liabilities | (20) | (4) |
Loan liabilities | Cash flow hedges | ||
Disclosure of detailed information about hedging instruments [line items] | ||
Hedging instrument, liabilities | 0 | 0 |
Loan liabilities | Cash flow hedges | Interest rate risk | ||
Disclosure of detailed information about hedging instruments [line items] | ||
Hedging instrument, liabilities | 0 | 0 |
Loan liabilities | Cash flow hedges | Foreign exchange risk | ||
Disclosure of detailed information about hedging instruments [line items] | ||
Hedging instrument, liabilities | 0 | 0 |
Loan liabilities | Cash flow hedges | - Inflation risk | ||
Disclosure of detailed information about hedging instruments [line items] | ||
Hedging instrument, liabilities | 0 | 0 |
Loan liabilities | Hedge of net investment in foreign operations | Foreign exchange risk | ||
Disclosure of detailed information about hedging instruments [line items] | ||
Hedging instrument, liabilities | £ (8,368) | £ (6,933) |
Derivative financial instrum_12
Derivative financial instruments - Effect on the income statement and OCI of recycling amounts in respect of Cash flow hedges and Net investment hedges of foreign operations (Details) - GBP (£) £ in Millions | 12 Months Ended | |
Dec. 31, 2022 | Dec. 31, 2021 | |
Recycled to other income | ||
Disclosure of information about amounts that affected statement of comprehensive income as result of hedge accounting [line items] | ||
Amount recycled from OCI due to hedged item affecting income statement, hedges of net investments in foreign operations | £ 0 | £ 0 |
Amount recycled from OCI due to sale of investment, or cash flows no longer expected to occur, hedges of net investments in foreign operations | (58) | (28) |
Interest rate risk | Recycled to net interest income | ||
Disclosure of information about amounts that affected statement of comprehensive income as result of hedge accounting [line items] | ||
Amount recycled from OCI due to hedged item affecting income statement, cash flow hedges | (496) | 228 |
Amount recycled from OCI due to sale of investment, or cash flows no longer expected to occur, cash flow hedges | (46) | 13 |
Foreign exchange risk | Recycled to net interest income | ||
Disclosure of information about amounts that affected statement of comprehensive income as result of hedge accounting [line items] | ||
Amount recycled from OCI due to hedged item affecting income statement, hedges of net investments in foreign operations | (1) | 87 |
Amount recycled from OCI due to sale of investment, or cash flows no longer expected to occur, hedges of net investments in foreign operations | £ 0 | £ 0 |
Derivative financial instrum_13
Derivative financial instruments - Reconciliation of movement of reserves (Details) - GBP (£) £ in Millions | 12 Months Ended | ||
Dec. 31, 2022 | Dec. 31, 2021 | Dec. 31, 2020 | |
Reconciliation of hedging reserve | |||
Reserve of cash flow hedges, beginning of period | £ (618) | £ 1,181 | |
Currency translation movements | (7) | (6) | |
Hedging losses for the year | (7,283) | (2,206) | |
Amounts reclassified in relation to cash flows affecting profit or loss | 543 | (327) | £ (282) |
Tax | 1,808 | 740 | (291) |
Reserve of cash flow hedges, end of period | (5,557) | (618) | 1,181 |
Reconciliation of currency translation reserve [Roll Forward] | |||
Currency translation reserve, beginning of period | 2,581 | 2,736 | |
Currency translation movements | 3,483 | (92) | |
Hedging losses for the year | (1,130) | (91) | |
Amounts reclassified in relation to cash flows affecting profit or loss | 58 | 28 | |
Tax | 0 | 0 | |
Currency translation reserve, end of period | £ 4,992 | £ 2,581 | £ 2,736 |
Financial assets at fair valu_7
Financial assets at fair value through other comprehensive income (Details) - GBP (£) £ in Millions | Dec. 31, 2022 | Dec. 31, 2021 |
Disclosure of financial assets [line items] | ||
Financial assets at fair value through other comprehensive income | £ 45,084 | £ 45,908 |
Loans and advances | ||
Disclosure of financial assets [line items] | ||
Financial assets at fair value through other comprehensive income | 222 | 53 |
Debt securities and other eligible bills | ||
Disclosure of financial assets [line items] | ||
Financial assets at fair value through other comprehensive income | 44,861 | 45,854 |
Equity securities | ||
Disclosure of financial assets [line items] | ||
Financial assets at fair value through other comprehensive income | £ 1 | £ 1 |
Financial liabilities designa_3
Financial liabilities designated at fair value (Details) - GBP (£) £ in Millions | Dec. 31, 2022 | Dec. 31, 2021 | Dec. 31, 2020 |
Disclosure of financial liabilities [line items] | |||
Debt securities | £ 60,012 | £ 48,388 | |
Repurchase agreements and other similar secured borrowing | 11,965 | 12,769 | |
Subordinated debt | 38,253 | 32,185 | £ 32,005 |
Financial liabilities designated at fair value | 272,055 | 251,131 | |
Cumulative own credit net loss recognised | 674 | 960 | |
Separate | |||
Disclosure of financial liabilities [line items] | |||
Cumulative own credit net loss recognised | 689 | 837 | |
Contractual amount due on maturity | |||
Disclosure of financial liabilities [line items] | |||
Debt securities | 72,728 | 61,333 | |
Deposits | 42,455 | 29,836 | |
Repurchase agreements and other similar secured borrowing | 173,938 | 168,144 | |
Subordinated debt | 1,029 | 613 | |
Financial liabilities designated at fair value | 290,150 | 259,926 | |
Fair value | |||
Disclosure of financial liabilities [line items] | |||
Debt securities | 57,325 | 53,164 | |
Deposits | 41,037 | 29,409 | |
Repurchase agreements and other similar secured borrowing | 173,172 | 168,075 | |
Subordinated debt | 521 | 483 | |
Financial liabilities designated at fair value | £ 272,055 | £ 251,131 |
Fair value of financial instr_3
Fair value of financial instruments - Assets and liabilities held at fair value disaggregated by valuation technique (Details) - GBP (£) £ in Millions | Dec. 31, 2022 | Dec. 31, 2021 |
Assets | ||
Trading Portfolio Assets | £ 133,771 | £ 146,871 |
Financial assets at fair value through the income statement | 211,128 | 188,226 |
Derivative financial assets | 302,976 | 262,291 |
Financial assets at fair value through other comprehensive income | 45,084 | 45,908 |
Liabilities | ||
Trading Portfolio Liabilities | (72,460) | (53,291) |
Financial liabilities designated at fair value | (272,055) | (251,131) |
Derivative financial liabilities | (289,206) | (256,523) |
Fair value | ||
Assets | ||
Trading Portfolio Assets | 133,771 | 146,871 |
Financial assets at fair value through the income statement | 211,128 | 188,226 |
Derivative financial assets | 302,976 | 262,291 |
Financial assets at fair value through other comprehensive income | 45,084 | 45,908 |
Investment property | 5 | 7 |
Total assets | 692,964 | 643,303 |
Liabilities | ||
Trading Portfolio Liabilities | (72,460) | (53,291) |
Financial liabilities designated at fair value | (272,055) | (251,131) |
Derivative financial liabilities | (289,206) | (256,523) |
Total liabilities | (633,721) | (560,945) |
Level 1 | Fair value | ||
Assets | ||
Trading Portfolio Assets | 62,469 | 80,836 |
Financial assets at fair value through the income statement | 5,647 | 4,953 |
Derivative financial assets | 10,054 | 6,150 |
Financial assets at fair value through other comprehensive income | 15,029 | 16,070 |
Investment property | 0 | 0 |
Total assets | 93,199 | 108,009 |
Liabilities | ||
Trading Portfolio Liabilities | (43,679) | (26,701) |
Financial liabilities designated at fair value | (133) | (174) |
Derivative financial liabilities | (10,823) | (6,571) |
Total liabilities | (54,635) | (33,446) |
Level 2 | Fair value | ||
Assets | ||
Trading Portfolio Assets | 64,822 | 63,754 |
Financial assets at fair value through the income statement | 199,370 | 177,194 |
Derivative financial assets | 287,749 | 252,131 |
Financial assets at fair value through other comprehensive income | 30,051 | 29,800 |
Investment property | 0 | 0 |
Total assets | 581,992 | 522,879 |
Liabilities | ||
Trading Portfolio Liabilities | (28,725) | (26,563) |
Financial liabilities designated at fair value | (270,880) | (250,553) |
Derivative financial liabilities | (272,020) | (243,893) |
Total liabilities | (571,625) | (521,009) |
Level 3 | ||
Assets | ||
Total assets | 17,773 | 12,415 |
Liabilities | ||
Total liabilities | (7,461) | (6,490) |
Level 3 | Fair value | ||
Assets | ||
Trading Portfolio Assets | 6,480 | 2,281 |
Financial assets at fair value through the income statement | 6,111 | 6,079 |
Derivative financial assets | 5,173 | 4,010 |
Financial assets at fair value through other comprehensive income | 4 | 38 |
Investment property | 5 | 7 |
Total assets | 17,773 | 12,415 |
Liabilities | ||
Trading Portfolio Liabilities | (56) | (27) |
Financial liabilities designated at fair value | (1,042) | (404) |
Derivative financial liabilities | (6,363) | (6,059) |
Total liabilities | £ (7,461) | £ (6,490) |
Fair value of financial instr_4
Fair value of financial instruments - Assets and liabilities held at fair value by product type (Details) - Level 3 - GBP (£) £ in Millions | Dec. 31, 2022 | Dec. 31, 2021 |
Disclosure of detailed information about financial instruments [line items] | ||
Assets | £ 17,773 | £ 12,415 |
Liabilities | (7,461) | (6,490) |
Corporate debt | ||
Disclosure of detailed information about financial instruments [line items] | ||
Assets | 1,677 | 1,205 |
Liabilities | (49) | (21) |
Reverse repurchase and repurchase agreements | ||
Disclosure of detailed information about financial instruments [line items] | ||
Assets | 37 | 13 |
Liabilities | (434) | (172) |
Non-asset backed loans | ||
Disclosure of detailed information about financial instruments [line items] | ||
Assets | 8,105 | 3,743 |
Liabilities | 0 | 0 |
Private equity investments | ||
Disclosure of detailed information about financial instruments [line items] | ||
Assets | 140 | 148 |
Liabilities | 0 | 0 |
Other | ||
Disclosure of detailed information about financial instruments [line items] | ||
Assets | 2,641 | 3,296 |
Liabilities | (615) | (238) |
Interest rate derivatives | ||
Disclosure of detailed information about financial instruments [line items] | ||
Assets | 2,361 | 1,091 |
Liabilities | (2,858) | (1,351) |
Foreign exchange derivatives | ||
Disclosure of detailed information about financial instruments [line items] | ||
Assets | 1,513 | 376 |
Liabilities | (1,474) | (374) |
Credit derivatives | ||
Disclosure of detailed information about financial instruments [line items] | ||
Assets | 290 | 323 |
Liabilities | (603) | (709) |
Equity derivatives | ||
Disclosure of detailed information about financial instruments [line items] | ||
Assets | 1,009 | 2,220 |
Liabilities | £ (1,428) | £ (3,625) |
Fair value of financial instr_5
Fair value of financial instruments - Analysis of movements in Level 3 assets and liabilities (Details) - GBP (£) £ in Millions | 12 Months Ended | |
Dec. 31, 2022 | Dec. 31, 2021 | |
Reconciliation of changes in fair value measurement, assets (liabilities) | ||
Derivative financial assets | £ 302,976 | £ 262,291 |
Derivative financial instruments | 289,206 | 256,523 |
Level 3 | ||
Reconciliation of changes in fair value measurement, assets [abstract] | ||
Beginning balance, financial assets | 12,415 | |
Ending balance, financial assets | 17,773 | 12,415 |
Reconciliation of changes in fair value measurement, liabilities [abstract] | ||
Beginning balance, financial liabilities | (6,490) | |
Ending balance, financial liabilities | (7,461) | (6,490) |
Recurring fair value measurement | Level 3 | ||
Reconciliation of changes in fair value measurement, assets (liabilities) | ||
Beginning balance, Assets (liabilities) net | 5,925 | 4,278 |
Purchases, fair value measurement, assets (liabilities) net | 16,583 | 14,826 |
Sales, fair value measurement, assets (liabilities) net | (10,842) | (12,469) |
Issues, fair value measurement, assets (liabilities) net | (98) | (101) |
Settlements, fair value measurement, assets (liabilities) net | (1,242) | (450) |
Gains (losses) recognised in other comprehensive income, fair value measurement, assets (liabilities) net | (2) | (2) |
Transfers into Level 3 of fair value hierarchy, assets (liabilities) net | 394 | 752 |
Transfers out of Level 3 of fair value hierarchy, assets (liabilities) net | 211 | (492) |
Ending balance, Assets (liabilities) net | 10,312 | 5,925 |
Derivative financial assets | 5,173 | 4,010 |
Derivative financial instruments | 6,363 | 6,059 |
Recurring fair value measurement | Level 3 | Net assets (liabilities) at fair value through profit or loss, category trading income | ||
Reconciliation of changes in fair value measurement, assets (liabilities) | ||
Gains (losses) recognised in profit or loss, fair value measurement, assets (liabilities) net | (631) | (280) |
Recurring fair value measurement | Level 3 | Net assets (liabilities) at fair value through profit or loss, category other income | ||
Reconciliation of changes in fair value measurement, assets (liabilities) | ||
Gains (losses) recognised in profit or loss, fair value measurement, assets (liabilities) net | 14 | (137) |
Recurring fair value measurement | Investment property | Level 3 | ||
Reconciliation of changes in fair value measurement, assets [abstract] | ||
Beginning balance, financial assets | 7 | 10 |
Purchases, fair value measurement, assets | 0 | 0 |
Sales, fair value measurement, assets | (1) | (2) |
Issues, fair value measurement, assets | 0 | 0 |
Settlements, fair value measurement, assets | 0 | 0 |
Total gains or losses recognised in OCI, assets | 0 | 0 |
Transfers into Level 3 of fair value hierarchy, assets | 0 | 0 |
Transfers out of Level 3 of fair value hierarchy, assets | 0 | 0 |
Ending balance, financial assets | 5 | 7 |
Recurring fair value measurement | Investment property | Level 3 | Financial assets at fair value through profit or loss, category trading | ||
Reconciliation of changes in fair value measurement, assets [abstract] | ||
Total gains and losses in the period recognised in the income statement, assets | 0 | 0 |
Recurring fair value measurement | Investment property | Level 3 | Financial assets at fair value through profit or loss, category other income | ||
Reconciliation of changes in fair value measurement, assets [abstract] | ||
Total gains and losses in the period recognised in the income statement, assets | (1) | (1) |
Recurring fair value measurement | Derivative financial instruments | Level 3 | ||
Reconciliation of changes in fair value measurement, assets (liabilities) | ||
Beginning balance, Assets (liabilities) net | (2,049) | (1,771) |
Purchases, fair value measurement, assets (liabilities) net | (434) | (129) |
Sales, fair value measurement, assets (liabilities) net | (2) | 8 |
Issues, fair value measurement, assets (liabilities) net | 0 | 0 |
Settlements, fair value measurement, assets (liabilities) net | 437 | 85 |
Gains (losses) recognised in other comprehensive income, fair value measurement, assets (liabilities) net | 0 | 0 |
Transfers into Level 3 of fair value hierarchy, assets (liabilities) net | 431 | 107 |
Transfers out of Level 3 of fair value hierarchy, assets (liabilities) net | 537 | (123) |
Ending balance, Assets (liabilities) net | (1,190) | (2,049) |
Recurring fair value measurement | Derivative financial instruments | Level 3 | Net assets (liabilities) at fair value through profit or loss, category trading income | ||
Reconciliation of changes in fair value measurement, assets (liabilities) | ||
Gains (losses) recognised in profit or loss, fair value measurement, assets (liabilities) net | (110) | (226) |
Recurring fair value measurement | Derivative financial instruments | Level 3 | Net assets (liabilities) at fair value through profit or loss, category other income | ||
Reconciliation of changes in fair value measurement, assets (liabilities) | ||
Gains (losses) recognised in profit or loss, fair value measurement, assets (liabilities) net | 0 | 0 |
Trading portfolio liabilities | Recurring fair value measurement | Level 3 | ||
Reconciliation of changes in fair value measurement, liabilities [abstract] | ||
Beginning balance, financial liabilities | (27) | (28) |
Purchases, fair value measurement, liabilities | (23) | (5) |
Sales, fair value measurement, liabilities | 8 | 23 |
Issues, fair value measurement, liabilities | 0 | 0 |
Settlements, fair value measurement, liabilities | 0 | 0 |
Total gains or losses recognised in OCI, liabilities | 0 | 0 |
Transfers into Level 3 of fair value hierarchy, liabilities | (27) | (12) |
Transfers out of Level 3 of fair value hierarchy, liabilities | 4 | 1 |
Ending balance, financial liabilities | (56) | (27) |
Trading portfolio liabilities | Recurring fair value measurement | Level 3 | Financial liabilities at fair value through profit or loss, category trading | ||
Reconciliation of changes in fair value measurement, liabilities [abstract] | ||
Total gains and losses in the period recognised in the income statement, liabilities | 9 | (6) |
Trading portfolio liabilities | Recurring fair value measurement | Level 3 | Financial liabilities at fair value through profit or loss, category other income | ||
Reconciliation of changes in fair value measurement, liabilities [abstract] | ||
Total gains and losses in the period recognised in the income statement, liabilities | 0 | 0 |
Financial liabilities designated at fair value | Recurring fair value measurement | Level 3 | ||
Reconciliation of changes in fair value measurement, liabilities [abstract] | ||
Beginning balance, financial liabilities | (404) | (341) |
Purchases, fair value measurement, liabilities | (285) | (4) |
Sales, fair value measurement, liabilities | 0 | 0 |
Issues, fair value measurement, liabilities | (98) | (101) |
Settlements, fair value measurement, liabilities | 82 | 66 |
Total gains or losses recognised in OCI, liabilities | 0 | 0 |
Transfers into Level 3 of fair value hierarchy, liabilities | (448) | (68) |
Transfers out of Level 3 of fair value hierarchy, liabilities | 40 | 23 |
Ending balance, financial liabilities | (1,042) | (404) |
Financial liabilities designated at fair value | Recurring fair value measurement | Level 3 | Financial liabilities at fair value through profit or loss, category trading | ||
Reconciliation of changes in fair value measurement, liabilities [abstract] | ||
Total gains and losses in the period recognised in the income statement, liabilities | 70 | 21 |
Financial liabilities designated at fair value | Recurring fair value measurement | Level 3 | Financial liabilities at fair value through profit or loss, category other income | ||
Reconciliation of changes in fair value measurement, liabilities [abstract] | ||
Total gains and losses in the period recognised in the income statement, liabilities | 1 | 0 |
Interest rate derivatives | Level 3 | ||
Reconciliation of changes in fair value measurement, assets [abstract] | ||
Beginning balance, financial assets | 1,091 | |
Ending balance, financial assets | 2,361 | 1,091 |
Reconciliation of changes in fair value measurement, liabilities [abstract] | ||
Beginning balance, financial liabilities | (1,351) | |
Ending balance, financial liabilities | (2,858) | (1,351) |
Interest rate derivatives | Recurring fair value measurement | Derivative financial instruments | Level 3 | ||
Reconciliation of changes in fair value measurement, assets (liabilities) | ||
Beginning balance, Assets (liabilities) net | (260) | (2) |
Purchases, fair value measurement, assets (liabilities) net | (217) | 20 |
Sales, fair value measurement, assets (liabilities) net | 0 | 0 |
Issues, fair value measurement, assets (liabilities) net | 0 | 0 |
Settlements, fair value measurement, assets (liabilities) net | 54 | 105 |
Gains (losses) recognised in other comprehensive income, fair value measurement, assets (liabilities) net | 0 | 0 |
Transfers into Level 3 of fair value hierarchy, assets (liabilities) net | 431 | 90 |
Transfers out of Level 3 of fair value hierarchy, assets (liabilities) net | (38) | (218) |
Ending balance, Assets (liabilities) net | (497) | (260) |
Interest rate derivatives | Recurring fair value measurement | Derivative financial instruments | Level 3 | Net assets (liabilities) at fair value through profit or loss, category trading income | ||
Reconciliation of changes in fair value measurement, assets (liabilities) | ||
Gains (losses) recognised in profit or loss, fair value measurement, assets (liabilities) net | (467) | (255) |
Interest rate derivatives | Recurring fair value measurement | Derivative financial instruments | Level 3 | Net assets (liabilities) at fair value through profit or loss, category other income | ||
Reconciliation of changes in fair value measurement, assets (liabilities) | ||
Gains (losses) recognised in profit or loss, fair value measurement, assets (liabilities) net | 0 | 0 |
Foreign exchange derivatives | Level 3 | ||
Reconciliation of changes in fair value measurement, assets [abstract] | ||
Beginning balance, financial assets | 376 | |
Ending balance, financial assets | 1,513 | 376 |
Reconciliation of changes in fair value measurement, liabilities [abstract] | ||
Beginning balance, financial liabilities | (374) | |
Ending balance, financial liabilities | (1,474) | (374) |
Foreign exchange derivatives | Recurring fair value measurement | Derivative financial instruments | Level 3 | ||
Reconciliation of changes in fair value measurement, assets (liabilities) | ||
Beginning balance, Assets (liabilities) net | 2 | 1 |
Purchases, fair value measurement, assets (liabilities) net | 0 | 0 |
Sales, fair value measurement, assets (liabilities) net | 0 | 0 |
Issues, fair value measurement, assets (liabilities) net | 0 | 0 |
Settlements, fair value measurement, assets (liabilities) net | (6) | 40 |
Gains (losses) recognised in other comprehensive income, fair value measurement, assets (liabilities) net | 0 | 0 |
Transfers into Level 3 of fair value hierarchy, assets (liabilities) net | 0 | 10 |
Transfers out of Level 3 of fair value hierarchy, assets (liabilities) net | 16 | (47) |
Ending balance, Assets (liabilities) net | 39 | 2 |
Foreign exchange derivatives | Recurring fair value measurement | Derivative financial instruments | Level 3 | Net assets (liabilities) at fair value through profit or loss, category trading income | ||
Reconciliation of changes in fair value measurement, assets (liabilities) | ||
Gains (losses) recognised in profit or loss, fair value measurement, assets (liabilities) net | 27 | (2) |
Foreign exchange derivatives | Recurring fair value measurement | Derivative financial instruments | Level 3 | Net assets (liabilities) at fair value through profit or loss, category other income | ||
Reconciliation of changes in fair value measurement, assets (liabilities) | ||
Gains (losses) recognised in profit or loss, fair value measurement, assets (liabilities) net | 0 | 0 |
Credit derivatives | ||
Reconciliation of changes in fair value measurement, assets (liabilities) | ||
Derivative financial assets | 302,976 | 262,291 |
Credit derivatives | Level 3 | ||
Reconciliation of changes in fair value measurement, assets [abstract] | ||
Beginning balance, financial assets | 323 | |
Ending balance, financial assets | 290 | 323 |
Reconciliation of changes in fair value measurement, liabilities [abstract] | ||
Beginning balance, financial liabilities | (709) | |
Ending balance, financial liabilities | (603) | (709) |
Credit derivatives | Recurring fair value measurement | Derivative financial instruments | Level 3 | ||
Reconciliation of changes in fair value measurement, assets (liabilities) | ||
Beginning balance, Assets (liabilities) net | (386) | (155) |
Purchases, fair value measurement, assets (liabilities) net | (4) | (239) |
Sales, fair value measurement, assets (liabilities) net | (2) | 9 |
Issues, fair value measurement, assets (liabilities) net | 0 | 0 |
Settlements, fair value measurement, assets (liabilities) net | 57 | (45) |
Gains (losses) recognised in other comprehensive income, fair value measurement, assets (liabilities) net | 0 | 0 |
Transfers into Level 3 of fair value hierarchy, assets (liabilities) net | 11 | 10 |
Transfers out of Level 3 of fair value hierarchy, assets (liabilities) net | (12) | 0 |
Ending balance, Assets (liabilities) net | (313) | (386) |
Credit derivatives | Recurring fair value measurement | Derivative financial instruments | Level 3 | Net assets (liabilities) at fair value through profit or loss, category trading income | ||
Reconciliation of changes in fair value measurement, assets (liabilities) | ||
Gains (losses) recognised in profit or loss, fair value measurement, assets (liabilities) net | 23 | 34 |
Credit derivatives | Recurring fair value measurement | Derivative financial instruments | Level 3 | Net assets (liabilities) at fair value through profit or loss, category other income | ||
Reconciliation of changes in fair value measurement, assets (liabilities) | ||
Gains (losses) recognised in profit or loss, fair value measurement, assets (liabilities) net | 0 | 0 |
Equity derivatives | Level 3 | ||
Reconciliation of changes in fair value measurement, assets [abstract] | ||
Beginning balance, financial assets | 2,220 | |
Ending balance, financial assets | 1,009 | 2,220 |
Reconciliation of changes in fair value measurement, liabilities [abstract] | ||
Beginning balance, financial liabilities | (3,625) | |
Ending balance, financial liabilities | (1,428) | (3,625) |
Equity derivatives | Recurring fair value measurement | Derivative financial instruments | Level 3 | ||
Reconciliation of changes in fair value measurement, assets (liabilities) | ||
Beginning balance, Assets (liabilities) net | (1,405) | (1,615) |
Purchases, fair value measurement, assets (liabilities) net | (213) | 90 |
Sales, fair value measurement, assets (liabilities) net | 0 | (1) |
Issues, fair value measurement, assets (liabilities) net | 0 | 0 |
Settlements, fair value measurement, assets (liabilities) net | 332 | (15) |
Gains (losses) recognised in other comprehensive income, fair value measurement, assets (liabilities) net | 0 | 0 |
Transfers into Level 3 of fair value hierarchy, assets (liabilities) net | (11) | (3) |
Transfers out of Level 3 of fair value hierarchy, assets (liabilities) net | 571 | 142 |
Ending balance, Assets (liabilities) net | (419) | (1,405) |
Equity derivatives | Recurring fair value measurement | Derivative financial instruments | Level 3 | Net assets (liabilities) at fair value through profit or loss, category trading income | ||
Reconciliation of changes in fair value measurement, assets (liabilities) | ||
Gains (losses) recognised in profit or loss, fair value measurement, assets (liabilities) net | 307 | (3) |
Equity derivatives | Recurring fair value measurement | Derivative financial instruments | Level 3 | Net assets (liabilities) at fair value through profit or loss, category other income | ||
Reconciliation of changes in fair value measurement, assets (liabilities) | ||
Gains (losses) recognised in profit or loss, fair value measurement, assets (liabilities) net | 0 | 0 |
Corporate debt | Level 3 | ||
Reconciliation of changes in fair value measurement, assets [abstract] | ||
Beginning balance, financial assets | 1,205 | |
Ending balance, financial assets | 1,677 | 1,205 |
Reconciliation of changes in fair value measurement, liabilities [abstract] | ||
Beginning balance, financial liabilities | (21) | |
Ending balance, financial liabilities | (49) | (21) |
Non-asset backed loans | Level 3 | ||
Reconciliation of changes in fair value measurement, assets [abstract] | ||
Beginning balance, financial assets | 3,743 | |
Ending balance, financial assets | 8,105 | 3,743 |
Reconciliation of changes in fair value measurement, liabilities [abstract] | ||
Beginning balance, financial liabilities | 0 | |
Ending balance, financial liabilities | 0 | 0 |
Private equity investments | Level 3 | ||
Reconciliation of changes in fair value measurement, assets [abstract] | ||
Beginning balance, financial assets | 148 | |
Ending balance, financial assets | 140 | 148 |
Reconciliation of changes in fair value measurement, liabilities [abstract] | ||
Beginning balance, financial liabilities | 0 | |
Ending balance, financial liabilities | 0 | 0 |
Other | Level 3 | ||
Reconciliation of changes in fair value measurement, assets [abstract] | ||
Beginning balance, financial assets | 3,296 | |
Ending balance, financial assets | 2,641 | 3,296 |
Reconciliation of changes in fair value measurement, liabilities [abstract] | ||
Beginning balance, financial liabilities | (238) | |
Ending balance, financial liabilities | (615) | (238) |
Trading portfolio assets | Recurring fair value measurement | Level 3 | ||
Reconciliation of changes in fair value measurement, assets [abstract] | ||
Beginning balance, financial assets | 2,281 | 1,863 |
Purchases, fair value measurement, assets | 8,068 | 2,261 |
Sales, fair value measurement, assets | (3,229) | (1,957) |
Issues, fair value measurement, assets | 0 | 0 |
Settlements, fair value measurement, assets | (335) | (154) |
Total gains or losses recognised in OCI, assets | 0 | 0 |
Transfers into Level 3 of fair value hierarchy, assets | 372 | 528 |
Transfers out of Level 3 of fair value hierarchy, assets | (331) | (248) |
Ending balance, financial assets | 6,480 | 2,281 |
Trading portfolio assets | Recurring fair value measurement | Level 3 | Financial assets at fair value through profit or loss, category trading | ||
Reconciliation of changes in fair value measurement, assets [abstract] | ||
Total gains and losses in the period recognised in the income statement, assets | (346) | (12) |
Trading portfolio assets | Recurring fair value measurement | Level 3 | Financial assets at fair value through profit or loss, category other income | ||
Reconciliation of changes in fair value measurement, assets [abstract] | ||
Total gains and losses in the period recognised in the income statement, assets | 0 | 0 |
Trading portfolio assets | Corporate debt | Recurring fair value measurement | Level 3 | ||
Reconciliation of changes in fair value measurement, assets [abstract] | ||
Beginning balance, financial assets | 389 | 151 |
Purchases, fair value measurement, assets | 392 | 310 |
Sales, fair value measurement, assets | (182) | (123) |
Issues, fair value measurement, assets | 0 | 0 |
Settlements, fair value measurement, assets | (18) | (12) |
Total gains or losses recognised in OCI, assets | 0 | 0 |
Transfers into Level 3 of fair value hierarchy, assets | 87 | 41 |
Transfers out of Level 3 of fair value hierarchy, assets | (34) | (16) |
Ending balance, financial assets | 595 | 389 |
Trading portfolio assets | Corporate debt | Recurring fair value measurement | Level 3 | Financial assets at fair value through profit or loss, category trading | ||
Reconciliation of changes in fair value measurement, assets [abstract] | ||
Total gains and losses in the period recognised in the income statement, assets | (39) | 38 |
Trading portfolio assets | Corporate debt | Recurring fair value measurement | Level 3 | Financial assets at fair value through profit or loss, category other income | ||
Reconciliation of changes in fair value measurement, assets [abstract] | ||
Total gains and losses in the period recognised in the income statement, assets | 0 | 0 |
Trading portfolio assets | Non-asset backed loans | Recurring fair value measurement | Level 3 | ||
Reconciliation of changes in fair value measurement, assets [abstract] | ||
Beginning balance, financial assets | 758 | 709 |
Purchases, fair value measurement, assets | 7,009 | 1,580 |
Sales, fair value measurement, assets | (2,635) | (1,409) |
Issues, fair value measurement, assets | 0 | 0 |
Settlements, fair value measurement, assets | (19) | (85) |
Total gains or losses recognised in OCI, assets | 0 | 0 |
Transfers into Level 3 of fair value hierarchy, assets | 10 | 45 |
Transfers out of Level 3 of fair value hierarchy, assets | (22) | (81) |
Ending balance, financial assets | 4,837 | 758 |
Trading portfolio assets | Non-asset backed loans | Recurring fair value measurement | Level 3 | Financial assets at fair value through profit or loss, category trading | ||
Reconciliation of changes in fair value measurement, assets [abstract] | ||
Total gains and losses in the period recognised in the income statement, assets | (264) | (1) |
Trading portfolio assets | Non-asset backed loans | Recurring fair value measurement | Level 3 | Financial assets at fair value through profit or loss, category other income | ||
Reconciliation of changes in fair value measurement, assets [abstract] | ||
Total gains and losses in the period recognised in the income statement, assets | 0 | 0 |
Trading portfolio assets | Other | Recurring fair value measurement | Level 3 | ||
Reconciliation of changes in fair value measurement, assets [abstract] | ||
Beginning balance, financial assets | 1,134 | 1,003 |
Purchases, fair value measurement, assets | 667 | 371 |
Sales, fair value measurement, assets | (412) | (425) |
Issues, fair value measurement, assets | 0 | 0 |
Settlements, fair value measurement, assets | (298) | (57) |
Total gains or losses recognised in OCI, assets | 0 | 0 |
Transfers into Level 3 of fair value hierarchy, assets | 275 | 442 |
Transfers out of Level 3 of fair value hierarchy, assets | (275) | (151) |
Ending balance, financial assets | 1,048 | 1,134 |
Trading portfolio assets | Other | Recurring fair value measurement | Level 3 | Financial assets at fair value through profit or loss, category trading | ||
Reconciliation of changes in fair value measurement, assets [abstract] | ||
Total gains and losses in the period recognised in the income statement, assets | (43) | (49) |
Trading portfolio assets | Other | Recurring fair value measurement | Level 3 | Financial assets at fair value through profit or loss, category other income | ||
Reconciliation of changes in fair value measurement, assets [abstract] | ||
Total gains and losses in the period recognised in the income statement, assets | 0 | 0 |
Financial assets at fair value through the income statement | Recurring fair value measurement | Level 3 | ||
Reconciliation of changes in fair value measurement, assets [abstract] | ||
Beginning balance, financial assets | 6,079 | 4,392 |
Purchases, fair value measurement, assets | 9,257 | 12,703 |
Sales, fair value measurement, assets | (7,618) | (10,541) |
Issues, fair value measurement, assets | 0 | 0 |
Settlements, fair value measurement, assets | (1,394) | (440) |
Total gains or losses recognised in OCI, assets | 0 | 0 |
Transfers into Level 3 of fair value hierarchy, assets | 66 | 197 |
Transfers out of Level 3 of fair value hierarchy, assets | (39) | (39) |
Ending balance, financial assets | 6,111 | 6,079 |
Financial assets at fair value through the income statement | Recurring fair value measurement | Level 3 | Financial assets at fair value through profit or loss, category trading | ||
Reconciliation of changes in fair value measurement, assets [abstract] | ||
Total gains and losses in the period recognised in the income statement, assets | (254) | (57) |
Financial assets at fair value through the income statement | Recurring fair value measurement | Level 3 | Financial assets at fair value through profit or loss, category other income | ||
Reconciliation of changes in fair value measurement, assets [abstract] | ||
Total gains and losses in the period recognised in the income statement, assets | 14 | (136) |
Financial assets at fair value through the income statement | Non-asset backed loans | Recurring fair value measurement | Level 3 | ||
Reconciliation of changes in fair value measurement, assets [abstract] | ||
Beginning balance, financial assets | 2,985 | 2,280 |
Purchases, fair value measurement, assets | 2,739 | 1,379 |
Sales, fair value measurement, assets | (1,019) | (306) |
Issues, fair value measurement, assets | 0 | 0 |
Settlements, fair value measurement, assets | (1,203) | (248) |
Total gains or losses recognised in OCI, assets | 0 | 0 |
Transfers into Level 3 of fair value hierarchy, assets | 49 | 113 |
Transfers out of Level 3 of fair value hierarchy, assets | (21) | 0 |
Ending balance, financial assets | 3,268 | 2,985 |
Financial assets at fair value through the income statement | Non-asset backed loans | Recurring fair value measurement | Level 3 | Financial assets at fair value through profit or loss, category trading | ||
Reconciliation of changes in fair value measurement, assets [abstract] | ||
Total gains and losses in the period recognised in the income statement, assets | (262) | (59) |
Financial assets at fair value through the income statement | Non-asset backed loans | Recurring fair value measurement | Level 3 | Financial assets at fair value through profit or loss, category other income | ||
Reconciliation of changes in fair value measurement, assets [abstract] | ||
Total gains and losses in the period recognised in the income statement, assets | 0 | (174) |
Financial assets at fair value through the income statement | Private equity investments | Recurring fair value measurement | Level 3 | ||
Reconciliation of changes in fair value measurement, assets [abstract] | ||
Beginning balance, financial assets | 148 | 88 |
Purchases, fair value measurement, assets | 35 | 68 |
Sales, fair value measurement, assets | (59) | (7) |
Issues, fair value measurement, assets | 0 | 0 |
Settlements, fair value measurement, assets | (3) | (8) |
Total gains or losses recognised in OCI, assets | 0 | 0 |
Transfers into Level 3 of fair value hierarchy, assets | 0 | 35 |
Transfers out of Level 3 of fair value hierarchy, assets | 0 | (38) |
Ending balance, financial assets | 140 | 148 |
Financial assets at fair value through the income statement | Private equity investments | Recurring fair value measurement | Level 3 | Financial assets at fair value through profit or loss, category trading | ||
Reconciliation of changes in fair value measurement, assets [abstract] | ||
Total gains and losses in the period recognised in the income statement, assets | 7 | 0 |
Financial assets at fair value through the income statement | Private equity investments | Recurring fair value measurement | Level 3 | Financial assets at fair value through profit or loss, category other income | ||
Reconciliation of changes in fair value measurement, assets [abstract] | ||
Total gains and losses in the period recognised in the income statement, assets | 12 | 10 |
Financial assets at fair value through the income statement | Other | Recurring fair value measurement | Level 3 | ||
Reconciliation of changes in fair value measurement, assets [abstract] | ||
Beginning balance, financial assets | 2,946 | 2,024 |
Purchases, fair value measurement, assets | 6,483 | 11,256 |
Sales, fair value measurement, assets | (6,540) | (10,228) |
Issues, fair value measurement, assets | 0 | 0 |
Settlements, fair value measurement, assets | (188) | (184) |
Total gains or losses recognised in OCI, assets | 0 | 0 |
Transfers into Level 3 of fair value hierarchy, assets | 17 | 49 |
Transfers out of Level 3 of fair value hierarchy, assets | (18) | (1) |
Ending balance, financial assets | 2,703 | 2,946 |
Financial assets at fair value through the income statement | Other | Recurring fair value measurement | Level 3 | Financial assets at fair value through profit or loss, category trading | ||
Reconciliation of changes in fair value measurement, assets [abstract] | ||
Total gains and losses in the period recognised in the income statement, assets | 1 | 2 |
Financial assets at fair value through the income statement | Other | Recurring fair value measurement | Level 3 | Financial assets at fair value through profit or loss, category other income | ||
Reconciliation of changes in fair value measurement, assets [abstract] | ||
Total gains and losses in the period recognised in the income statement, assets | 2 | 28 |
Fair value through other comprehensive income | Recurring fair value measurement | Level 3 | ||
Reconciliation of changes in fair value measurement, assets [abstract] | ||
Beginning balance, financial assets | 38 | 153 |
Purchases, fair value measurement, assets | 0 | 0 |
Sales, fair value measurement, assets | 0 | 0 |
Issues, fair value measurement, assets | 0 | 0 |
Settlements, fair value measurement, assets | (32) | (7) |
Total gains or losses recognised in OCI, assets | (2) | (2) |
Transfers into Level 3 of fair value hierarchy, assets | 0 | 0 |
Transfers out of Level 3 of fair value hierarchy, assets | 0 | (106) |
Ending balance, financial assets | 4 | 38 |
Fair value through other comprehensive income | Recurring fair value measurement | Level 3 | Financial assets at fair value through profit or loss, category trading | ||
Reconciliation of changes in fair value measurement, assets [abstract] | ||
Total gains and losses in the period recognised in the income statement, assets | 0 | 0 |
Fair value through other comprehensive income | Recurring fair value measurement | Level 3 | Financial assets at fair value through profit or loss, category other income | ||
Reconciliation of changes in fair value measurement, assets [abstract] | ||
Total gains and losses in the period recognised in the income statement, assets | 0 | 0 |
Fair value through other comprehensive income | Non-asset backed loans | Recurring fair value measurement | Level 3 | ||
Reconciliation of changes in fair value measurement, assets [abstract] | ||
Beginning balance, financial assets | 0 | 106 |
Purchases, fair value measurement, assets | 0 | |
Sales, fair value measurement, assets | 0 | |
Issues, fair value measurement, assets | 0 | |
Settlements, fair value measurement, assets | 0 | |
Total gains or losses recognised in OCI, assets | 0 | |
Transfers into Level 3 of fair value hierarchy, assets | 0 | |
Transfers out of Level 3 of fair value hierarchy, assets | (106) | |
Ending balance, financial assets | 0 | |
Fair value through other comprehensive income | Non-asset backed loans | Recurring fair value measurement | Level 3 | Financial assets at fair value through profit or loss, category trading | ||
Reconciliation of changes in fair value measurement, assets [abstract] | ||
Total gains and losses in the period recognised in the income statement, assets | 0 | |
Fair value through other comprehensive income | Non-asset backed loans | Recurring fair value measurement | Level 3 | Financial assets at fair value through profit or loss, category other income | ||
Reconciliation of changes in fair value measurement, assets [abstract] | ||
Total gains and losses in the period recognised in the income statement, assets | 0 | |
Fair value through other comprehensive income | Other | Recurring fair value measurement | Level 3 | ||
Reconciliation of changes in fair value measurement, assets [abstract] | ||
Beginning balance, financial assets | 38 | 47 |
Purchases, fair value measurement, assets | 0 | 0 |
Sales, fair value measurement, assets | 0 | 0 |
Issues, fair value measurement, assets | 0 | 0 |
Settlements, fair value measurement, assets | (32) | (7) |
Total gains or losses recognised in OCI, assets | (2) | (2) |
Transfers into Level 3 of fair value hierarchy, assets | 0 | 0 |
Transfers out of Level 3 of fair value hierarchy, assets | 0 | 0 |
Ending balance, financial assets | 4 | 38 |
Fair value through other comprehensive income | Other | Recurring fair value measurement | Level 3 | Financial assets at fair value through profit or loss, category trading | ||
Reconciliation of changes in fair value measurement, assets [abstract] | ||
Total gains and losses in the period recognised in the income statement, assets | 0 | 0 |
Fair value through other comprehensive income | Other | Recurring fair value measurement | Level 3 | Financial assets at fair value through profit or loss, category other income | ||
Reconciliation of changes in fair value measurement, assets [abstract] | ||
Total gains and losses in the period recognised in the income statement, assets | £ 0 | £ 0 |
Fair value of financial instr_6
Fair value of financial instruments - Unrealised gains and losses recognised during the period on Level 3 assets and liabilities held at year end (Details) - GBP (£) £ in Millions | 12 Months Ended | ||
Dec. 31, 2022 | Dec. 31, 2021 | Dec. 31, 2020 | |
Disclosure of detailed information about financial instruments [line items] | |||
Trading income | £ 7,624 | £ 5,788 | £ 7,076 |
Other income | 69 | 40 | 4 |
Other comprehensive income | (2,571) | (1,685) | (157) |
Level 3 | |||
Disclosure of detailed information about financial instruments [line items] | |||
Trading income | (459) | (305) | |
Other income | 8 | 21 | |
Other comprehensive income | 0 | 0 | |
Total | (451) | (284) | |
Level 3 | Investment property | |||
Disclosure of detailed information about financial instruments [line items] | |||
Trading income | 0 | 0 | |
Other income | (1) | 0 | |
Other comprehensive income | 0 | 0 | |
Total | (1) | 0 | |
Level 3 | Net derivative financial instruments | |||
Disclosure of detailed information about financial instruments [line items] | |||
Trading income | (80) | (196) | |
Other income | 0 | 0 | |
Other comprehensive income | 0 | 0 | |
Total | (80) | (196) | |
Trading portfolio liabilities | Level 3 | |||
Disclosure of detailed information about financial instruments [line items] | |||
Trading income | 8 | (5) | |
Other income | 0 | 0 | |
Other comprehensive income | 0 | 0 | |
Total | 8 | (5) | |
Financial liabilities designated at fair value | Level 3 | |||
Disclosure of detailed information about financial instruments [line items] | |||
Trading income | 55 | 16 | |
Other income | 0 | (1) | |
Other comprehensive income | 0 | 0 | |
Total | 55 | 15 | |
Trading portfolio assets | Level 3 | |||
Disclosure of detailed information about financial instruments [line items] | |||
Trading income | (290) | (67) | |
Other income | 0 | 0 | |
Other comprehensive income | 0 | 0 | |
Total | (290) | (67) | |
Trading portfolio assets | Trading portfolio liabilities | |||
Disclosure of detailed information about financial instruments [line items] | |||
Trading income | 5,603 | 3,999 | £ 5,392 |
Financial assets at fair value through the income statement | Level 3 | |||
Disclosure of detailed information about financial instruments [line items] | |||
Trading income | (152) | (53) | |
Other income | 9 | 22 | |
Other comprehensive income | 0 | 0 | |
Total | (143) | (31) | |
Fair value through other comprehensive income | Level 3 | |||
Disclosure of detailed information about financial instruments [line items] | |||
Trading income | 0 | 0 | |
Other income | 0 | 0 | |
Other comprehensive income | 0 | 0 | |
Total | £ 0 | £ 0 |
Fair value of financial instr_7
Fair value of financial instruments - Significant unobservable inputs (Details) - Level 3 £ in Millions | Dec. 31, 2022 | Dec. 31, 2022 GBP (£) | Dec. 31, 2021 | Dec. 31, 2021 GBP (£) |
Min | Credit spread | ||||
Disclosure of detailed information about financial instruments [line items] | ||||
Significant unobservable inputs, assets and liabilities | 17 | 0.0032 | ||
Max | Credit spread | ||||
Disclosure of detailed information about financial instruments [line items] | ||||
Significant unobservable inputs, assets and liabilities | 2,159 | 0.1848 | ||
Non-asset backed loans | Min | Discounted cash flows | Credit spread | ||||
Disclosure of detailed information about financial instruments [line items] | ||||
Significant unobservable inputs, assets and liabilities | 0.0200 | 0.0200 | ||
Non-asset backed loans | Min | Discounted cash flows | Volatility | ||||
Disclosure of detailed information about financial instruments [line items] | ||||
Significant unobservable inputs, assets and liabilities | 0.05 | 0.03 | ||
Non-asset backed loans | Min | Discounted cash flows | Loan spread | ||||
Disclosure of detailed information about financial instruments [line items] | ||||
Significant unobservable inputs, assets and liabilities | 0.0051 | 0.0031 | ||
Non-asset backed loans | Min | Comparable pricing | Price | ||||
Disclosure of detailed information about financial instruments [line items] | ||||
Significant unobservable inputs, assets and liabilities | 0 | 0 | ||
Non-asset backed loans | Max | Discounted cash flows | Credit spread | ||||
Disclosure of detailed information about financial instruments [line items] | ||||
Significant unobservable inputs, assets and liabilities | 0.0300 | 0.0300 | ||
Non-asset backed loans | Max | Discounted cash flows | Volatility | ||||
Disclosure of detailed information about financial instruments [line items] | ||||
Significant unobservable inputs, assets and liabilities | 0.34 | 0.10 | ||
Non-asset backed loans | Max | Discounted cash flows | Loan spread | ||||
Disclosure of detailed information about financial instruments [line items] | ||||
Significant unobservable inputs, assets and liabilities | 0.0801 | 0.0811 | ||
Non-asset backed loans | Max | Comparable pricing | Price | ||||
Disclosure of detailed information about financial instruments [line items] | ||||
Significant unobservable inputs, assets and liabilities | 101 | 145 | ||
Corporate debt | Min | Discounted cash flows | Loan spread | ||||
Disclosure of detailed information about financial instruments [line items] | ||||
Significant unobservable inputs, assets and liabilities | 0.0229 | 0.0229 | ||
Corporate debt | Min | Comparable pricing | Price | ||||
Disclosure of detailed information about financial instruments [line items] | ||||
Significant unobservable inputs, assets and liabilities | 0 | 0 | ||
Corporate debt | Max | Discounted cash flows | Loan spread | ||||
Disclosure of detailed information about financial instruments [line items] | ||||
Significant unobservable inputs, assets and liabilities | 0.0834 | 0.0854 | ||
Corporate debt | Max | Comparable pricing | Price | ||||
Disclosure of detailed information about financial instruments [line items] | ||||
Significant unobservable inputs, assets and liabilities | 232 | 284 | ||
Commercial Real Estate loans | Min | Discounted cash flows | Credit spread | ||||
Disclosure of detailed information about financial instruments [line items] | ||||
Significant unobservable inputs, assets and liabilities | 0.0267 | 0.0068 | ||
Commercial Real Estate loans | Max | Discounted cash flows | Credit spread | ||||
Disclosure of detailed information about financial instruments [line items] | ||||
Significant unobservable inputs, assets and liabilities | 0.0426 | 0.0543 | ||
Reverse repurchase and repurchase agreements | Min | Discounted cash flows | Repo spread | ||||
Disclosure of detailed information about financial instruments [line items] | ||||
Significant unobservable inputs, assets and liabilities | 0.0321 | 0 | ||
Reverse repurchase and repurchase agreements | Max | Discounted cash flows | Repo spread | ||||
Disclosure of detailed information about financial instruments [line items] | ||||
Significant unobservable inputs, assets and liabilities | 0.0502 | 0 | ||
Issued debt | Min | Discounted cash flows | Credit spread | ||||
Disclosure of detailed information about financial instruments [line items] | ||||
Significant unobservable inputs, assets and liabilities | 0.0073 | 0 | ||
Issued debt | Min | Option model | Volatility | ||||
Disclosure of detailed information about financial instruments [line items] | ||||
Significant unobservable inputs, assets and liabilities | 0.03 | 0 | ||
Issued debt | Min | Option model | Interest rate volatility | ||||
Disclosure of detailed information about financial instruments [line items] | ||||
Significant unobservable inputs, assets and liabilities | 0.0042 | 0 | ||
Issued debt | Max | Discounted cash flows | Credit spread | ||||
Disclosure of detailed information about financial instruments [line items] | ||||
Significant unobservable inputs, assets and liabilities | 0.0548 | 0 | ||
Issued debt | Max | Option model | Volatility | ||||
Disclosure of detailed information about financial instruments [line items] | ||||
Significant unobservable inputs, assets and liabilities | 1.11 | 0 | ||
Issued debt | Max | Option model | Interest rate volatility | ||||
Disclosure of detailed information about financial instruments [line items] | ||||
Significant unobservable inputs, assets and liabilities | 0.0261 | 0 | ||
Interest rate derivatives | Min | Discounted cash flows | Inflation forwards | ||||
Disclosure of detailed information about financial instruments [line items] | ||||
Significant unobservable inputs, assets and liabilities | 0.03 | 0 | ||
Interest rate derivatives | Min | Discounted cash flows | Credit spread | ||||
Disclosure of detailed information about financial instruments [line items] | ||||
Significant unobservable inputs, assets and liabilities | 0.0017 | 0.0009 | ||
Interest rate derivatives | Min | Discounted cash flows | Volatility | ||||
Disclosure of detailed information about financial instruments [line items] | ||||
Significant unobservable inputs, assets and liabilities | (0.03) | 0 | ||
Interest rate derivatives | Min | Correlation Model | Inflation forwards | ||||
Disclosure of detailed information about financial instruments [line items] | ||||
Significant unobservable inputs, assets and liabilities | (0.20) | (0.20) | ||
Interest rate derivatives | Min | Option model | Volatility | ||||
Disclosure of detailed information about financial instruments [line items] | ||||
Significant unobservable inputs, assets and liabilities | 0.0049 | 57 | 0.0031 | 0 |
Interest rate derivatives | Min | Option model | Interest rate volatility | ||||
Disclosure of detailed information about financial instruments [line items] | ||||
Significant unobservable inputs, assets and liabilities | 0.0036 | 0.0005 | ||
Interest rate derivatives | Min | Option model | FX - IR correlation | ||||
Disclosure of detailed information about financial instruments [line items] | ||||
Significant unobservable inputs, assets and liabilities | (0.20) | (0.20) | ||
Interest rate derivatives | Min | Option model | IR - IR correlation | ||||
Disclosure of detailed information about financial instruments [line items] | ||||
Significant unobservable inputs, assets and liabilities | 0.12 | (1) | ||
Interest rate derivatives | Max | Discounted cash flows | Inflation forwards | ||||
Disclosure of detailed information about financial instruments [line items] | ||||
Significant unobservable inputs, assets and liabilities | 0.05 | 0.03 | ||
Interest rate derivatives | Max | Discounted cash flows | Credit spread | ||||
Disclosure of detailed information about financial instruments [line items] | ||||
Significant unobservable inputs, assets and liabilities | 0.2159 | 0.1848 | ||
Interest rate derivatives | Max | Discounted cash flows | Volatility | ||||
Disclosure of detailed information about financial instruments [line items] | ||||
Significant unobservable inputs, assets and liabilities | 0.56 | 0 | ||
Interest rate derivatives | Max | Correlation Model | Inflation forwards | ||||
Disclosure of detailed information about financial instruments [line items] | ||||
Significant unobservable inputs, assets and liabilities | (0.13) | (0.13) | ||
Interest rate derivatives | Max | Option model | Volatility | ||||
Disclosure of detailed information about financial instruments [line items] | ||||
Significant unobservable inputs, assets and liabilities | 0.0315 | 60 | 0.0130 | 0 |
Interest rate derivatives | Max | Option model | Interest rate volatility | ||||
Disclosure of detailed information about financial instruments [line items] | ||||
Significant unobservable inputs, assets and liabilities | 0.0430 | 0.0600 | ||
Interest rate derivatives | Max | Option model | FX - IR correlation | ||||
Disclosure of detailed information about financial instruments [line items] | ||||
Significant unobservable inputs, assets and liabilities | 0.78 | 0.78 | ||
Interest rate derivatives | Max | Option model | IR - IR correlation | ||||
Disclosure of detailed information about financial instruments [line items] | ||||
Significant unobservable inputs, assets and liabilities | 0.99 | 0.99 | ||
Credit derivatives | Min | Discounted cash flows | Credit spread | ||||
Disclosure of detailed information about financial instruments [line items] | ||||
Significant unobservable inputs, assets and liabilities | 0.0003 | 0.0002 | ||
Credit derivatives | Min | Comparable pricing | Price | ||||
Disclosure of detailed information about financial instruments [line items] | ||||
Significant unobservable inputs, assets and liabilities | 79 | 0 | ||
Credit derivatives | Max | Discounted cash flows | Credit spread | ||||
Disclosure of detailed information about financial instruments [line items] | ||||
Significant unobservable inputs, assets and liabilities | 0.2943 | 0.2925 | ||
Credit derivatives | Max | Comparable pricing | Price | ||||
Disclosure of detailed information about financial instruments [line items] | ||||
Significant unobservable inputs, assets and liabilities | 92 | 0 | ||
Equity derivatives | Min | Discounted cash flows | Discounted margin | ||||
Disclosure of detailed information about financial instruments [line items] | ||||
Significant unobservable inputs, assets and liabilities | (0.0205) | (0.0129) | ||
Equity derivatives | Min | Option model | Volatility | ||||
Disclosure of detailed information about financial instruments [line items] | ||||
Significant unobservable inputs, assets and liabilities | 0.03 | 0.02 | ||
Equity derivatives | Min | Option model | Equity - equity correlation | ||||
Disclosure of detailed information about financial instruments [line items] | ||||
Significant unobservable inputs, assets and liabilities | 0.40 | 0.10 | ||
Equity derivatives | Max | Discounted cash flows | Discounted margin | ||||
Disclosure of detailed information about financial instruments [line items] | ||||
Significant unobservable inputs, assets and liabilities | 0.0634 | 0.0093 | ||
Equity derivatives | Max | Option model | Volatility | ||||
Disclosure of detailed information about financial instruments [line items] | ||||
Significant unobservable inputs, assets and liabilities | 1.40 | 1.08 | ||
Equity derivatives | Max | Option model | Equity - equity correlation | ||||
Disclosure of detailed information about financial instruments [line items] | ||||
Significant unobservable inputs, assets and liabilities | 1 | 1 | ||
Foreign exchange derivatives | Min | Discounted cash flows | Volatility | ||||
Disclosure of detailed information about financial instruments [line items] | ||||
Significant unobservable inputs, assets and liabilities | (0.03) | 0 | ||
Foreign exchange derivatives | Min | Option model | Volatility | ||||
Disclosure of detailed information about financial instruments [line items] | ||||
Significant unobservable inputs, assets and liabilities | 0 | 0 | ||
Foreign exchange derivatives | Max | Discounted cash flows | Volatility | ||||
Disclosure of detailed information about financial instruments [line items] | ||||
Significant unobservable inputs, assets and liabilities | 0.04 | 0 | ||
Foreign exchange derivatives | Max | Option model | Volatility | ||||
Disclosure of detailed information about financial instruments [line items] | ||||
Significant unobservable inputs, assets and liabilities | 100 | 100 |
Fair value of financial instr_8
Fair value of financial instruments - Narrative (Details) £ in Millions | 12 Months Ended | |
Dec. 31, 2022 GBP (£) | Dec. 31, 2021 GBP (£) | |
Disclosure of detailed information about financial instruments [line items] | ||
Deposits at amortised cost | £ 291,579 | £ 262,828 |
Brokered certificates of deposit | ||
Disclosure of detailed information about financial instruments [line items] | ||
Deposits at amortised cost | 5,197 | 790 |
Derivative credit valuation adjustments | ||
Disclosure of detailed information about financial instruments [line items] | ||
Increase (decrease) in derivative value due to adjustments | (107) | |
Fair value adjustments | 319 | |
Level 3 | Exit price adjustments derived from market bid-offer spreads | ||
Disclosure of detailed information about financial instruments [line items] | ||
Increase (decrease) in derivative value due to adjustments | 68 | |
Fair value adjustments | (566) | (498) |
Level 3 | Uncollateralised derivative funding | ||
Disclosure of detailed information about financial instruments [line items] | ||
Increase (decrease) in derivative value due to adjustments | (116) | |
Fair value adjustments | (11) | (127) |
Level 3 | Derivative credit valuation adjustments | ||
Disclosure of detailed information about financial instruments [line items] | ||
Fair value adjustments | (319) | (212) |
Level 3 | Derivative debit valuation adjustments | ||
Disclosure of detailed information about financial instruments [line items] | ||
Increase (decrease) in derivative value due to adjustments | (117) | |
Fair value adjustments | 208 | 91 |
Top of range | Level 3 | ||
Disclosure of detailed information about financial instruments [line items] | ||
Favorable changes | 727 | 555 |
Unfavorable changes | £ 967 | £ 651 |
Education, social housing, and local authority portfolio | Level 3 | ||
Disclosure of detailed information about financial instruments [line items] | ||
Percentage of fixed rate loan notional amount concentrated towards bottom of range | 97% | 99% |
Education, social housing, and local authority portfolio | Level 3 | Loan spread | Maximum | ||
Disclosure of detailed information about financial instruments [line items] | ||
Significant unobservable input, assets | 200 | |
Education, social housing, and local authority portfolio | Bottom of range | Level 3 | Loan spread | ||
Disclosure of detailed information about financial instruments [line items] | ||
Significant unobservable input, assets | 0.0051 | 0.0031 |
Education, social housing, and local authority portfolio | Top of range | Level 3 | Loan spread | ||
Disclosure of detailed information about financial instruments [line items] | ||
Significant unobservable input, assets | 0.0297 | 0.0601 |
Financial instruments at fair value | Level 3 | ||
Disclosure of detailed information about financial instruments [line items] | ||
Aggregate difference between fair value at initial recognition and transaction price yet to be recognised in profit or loss | £ 106 | £ 122 |
Additions, aggregate difference between fair value at initial recognition and transaction price yet to be recognised in profit or loss | 49 | 59 |
Amortisation and releases, aggregate difference between fair value at initial recognition and transaction price yet to be recognised in profit or loss | 65 | 40 |
Financial instruments at amortised cost | Level 3 | ||
Disclosure of detailed information about financial instruments [line items] | ||
Aggregate difference between fair value at initial recognition and transaction price yet to be recognised in profit or loss | 25 | 28 |
Additions, aggregate difference between fair value at initial recognition and transaction price yet to be recognised in profit or loss | 0 | 0 |
Amortisation and releases, aggregate difference between fair value at initial recognition and transaction price yet to be recognised in profit or loss | £ 3 | £ 2 |
Fair value of financial instr_9
Fair value of financial instruments - Sensitivity analysis of valuations using unobservable inputs (Details) - Level 3 - Derivatives - Recurring fair value measurement - GBP (£) £ in Millions | 12 Months Ended | |
Dec. 31, 2022 | Dec. 31, 2021 | |
Disclosure of detailed information about financial instruments [line items] | ||
Favorable changes, Income statement | £ 727 | £ 555 |
Favourable changes, Equity | 0 | 0 |
Unfavourable changes, Income Statement | (967) | (651) |
Unfavourable changes, Equity | 0 | 0 |
Corporate debt | ||
Disclosure of detailed information about financial instruments [line items] | ||
Favorable changes, Income statement | 45 | 38 |
Favourable changes, Equity | 0 | 0 |
Unfavourable changes, Income Statement | (27) | (28) |
Unfavourable changes, Equity | 0 | 0 |
Non-asset backed loans | ||
Disclosure of detailed information about financial instruments [line items] | ||
Favorable changes, Income statement | 244 | 99 |
Favourable changes, Equity | 0 | 0 |
Unfavourable changes, Income Statement | (450) | (150) |
Unfavourable changes, Equity | 0 | 0 |
Private equity investments | ||
Disclosure of detailed information about financial instruments [line items] | ||
Favorable changes, Income statement | 10 | 10 |
Favourable changes, Equity | 0 | 0 |
Unfavourable changes, Income Statement | (10) | (11) |
Unfavourable changes, Equity | 0 | 0 |
Other | ||
Disclosure of detailed information about financial instruments [line items] | ||
Favorable changes, Income statement | 53 | 44 |
Favourable changes, Equity | 0 | 0 |
Unfavourable changes, Income Statement | (64) | (62) |
Unfavourable changes, Equity | 0 | 0 |
Interest rate derivatives | ||
Disclosure of detailed information about financial instruments [line items] | ||
Favorable changes, Income statement | 119 | 51 |
Favourable changes, Equity | 0 | 0 |
Unfavourable changes, Income Statement | (155) | (79) |
Unfavourable changes, Equity | 0 | 0 |
Foreign exchange derivatives | ||
Disclosure of detailed information about financial instruments [line items] | ||
Favorable changes, Income statement | 16 | 20 |
Favourable changes, Equity | 0 | 0 |
Unfavourable changes, Income Statement | (22) | (28) |
Unfavourable changes, Equity | 0 | 0 |
Credit derivatives | ||
Disclosure of detailed information about financial instruments [line items] | ||
Favorable changes, Income statement | 79 | 112 |
Favourable changes, Equity | 0 | 0 |
Unfavourable changes, Income Statement | (71) | (103) |
Unfavourable changes, Equity | 0 | 0 |
Equity derivatives | ||
Disclosure of detailed information about financial instruments [line items] | ||
Favorable changes, Income statement | 161 | 181 |
Favourable changes, Equity | 0 | 0 |
Unfavourable changes, Income Statement | (168) | (190) |
Unfavourable changes, Equity | £ 0 | £ 0 |
Fair value of financial inst_10
Fair value of financial instruments - Fair value adjustments (Details) - GBP (£) £ in Millions | Dec. 31, 2022 | Dec. 31, 2021 |
Exit price adjustments derived from market bid-offer spreads | Level 3 | ||
Disclosure of detailed information about financial instruments [line items] | ||
Fair value adjustments | £ (566) | £ (498) |
Uncollateralised derivative funding | Level 3 | ||
Disclosure of detailed information about financial instruments [line items] | ||
Fair value adjustments | (11) | (127) |
Derivative credit valuation adjustments | ||
Disclosure of detailed information about financial instruments [line items] | ||
Fair value adjustments | 319 | |
Derivative credit valuation adjustments | Level 3 | ||
Disclosure of detailed information about financial instruments [line items] | ||
Fair value adjustments | (319) | (212) |
Derivative debit valuation adjustments | Level 3 | ||
Disclosure of detailed information about financial instruments [line items] | ||
Fair value adjustments | £ 208 | £ 91 |
Fair value of financial inst_11
Fair value of financial instruments - Comparison of carrying amounts and fair values for assets and liabilities not held at fair value (Details) - GBP (£) £ in Millions | Dec. 31, 2022 | Dec. 31, 2021 | Dec. 31, 2020 |
Financial assets | |||
Loans and advances at amortised cost | £ 182,507 | £ 145,259 | |
Reverse repurchase agreements and other similar secured lending | 725 | 3,177 | |
Financial liabilities | |||
Repurchase agreements and other similar secured borrowing | (11,965) | (12,769) | |
Debt securities in issue | (60,012) | (48,388) | |
Subordinated liabilities | (38,253) | (32,185) | £ (32,005) |
Not held at fair value | |||
Financial assets | |||
Loans and advances at amortised cost | 181,727 | 145,665 | |
Reverse repurchase agreements and other similar secured lending | 725 | 3,177 | |
Financial liabilities | |||
Deposits at amortised cost | (291,552) | (262,843) | |
Repurchase agreements and other similar secured borrowing | (11,966) | (12,776) | |
Debt securities in issue | (59,895) | (48,350) | |
Subordinated liabilities | (38,686) | (33,598) | |
Not held at fair value | Level 1 | |||
Financial assets | |||
Loans and advances at amortised cost | 14,210 | 15,406 | |
Reverse repurchase agreements and other similar secured lending | 0 | 0 | |
Financial liabilities | |||
Deposits at amortised cost | (176,959) | (180,829) | |
Repurchase agreements and other similar secured borrowing | 0 | 0 | |
Debt securities in issue | 0 | 0 | |
Subordinated liabilities | 0 | 0 | |
Not held at fair value | Level 2 | |||
Financial assets | |||
Loans and advances at amortised cost | 86,559 | 63,948 | |
Reverse repurchase agreements and other similar secured lending | 725 | 3,177 | |
Financial liabilities | |||
Deposits at amortised cost | (114,267) | (82,014) | |
Repurchase agreements and other similar secured borrowing | (11,966) | (12,776) | |
Debt securities in issue | (57,954) | (46,201) | |
Subordinated liabilities | (38,465) | (33,598) | |
Not held at fair value | Level 3 | |||
Financial assets | |||
Loans and advances at amortised cost | 80,958 | 66,311 | |
Reverse repurchase agreements and other similar secured lending | 0 | 0 | |
Financial liabilities | |||
Deposits at amortised cost | (326) | 0 | |
Repurchase agreements and other similar secured borrowing | 0 | 0 | |
Debt securities in issue | (1,941) | (2,149) | |
Subordinated liabilities | (220) | 0 | |
Carrying amount | |||
Financial assets | |||
Loans and advances at amortised cost | 182,507 | 145,259 | |
Reverse repurchase agreements and other similar secured lending | 725 | 3,177 | |
Financial liabilities | |||
Deposits at amortised cost | (291,579) | (262,828) | |
Repurchase agreements and other similar secured borrowing | (11,965) | (12,769) | |
Debt securities in issue | (60,012) | (48,388) | |
Subordinated liabilities | £ (38,253) | £ (32,185) |
Offsetting financial assets a_3
Offsetting financial assets and financial liabilities (Details) - GBP (£) £ in Millions | Dec. 31, 2022 | Dec. 31, 2021 |
Amounts subject to enforceable master netting arrangement or similar agreement not set off against financial assets [abstract] | ||
Derivative assets | £ 302,976 | £ 262,291 |
Reverse repurchase agreements and other similar secured lending | 725 | 3,177 |
Amounts subject to enforceable master netting arrangement or similar agreement not set off against financial liabilities [abstract] | ||
Derivative liabilities | (289,206) | (256,523) |
Repurchase agreements and other similar secured borrowing | 11,965 | 12,769 |
Settlements assets liabilities offset amounts | 24,250 | 22,837 |
Derivatives | ||
Net financial liabilities subject to offsetting, enforceable master netting arrangements or similar agreements in statement of financial position [abstract] | ||
Gross amounts | (360,242) | (273,996) |
Amounts offset | 76,530 | 23,606 |
Net amounts reported on the balance sheet | (283,712) | (250,390) |
Amounts subject to enforceable master netting arrangement or similar agreement not set off against financial liabilities [abstract] | ||
Financial instruments | 238,062 | 202,347 |
Derivative liability expsoure | (19,243) | (13,892) |
Amounts not subject to enforceable netting arrangements | (5,494) | (6,133) |
Financial collateral pledged subject to enforceable master netting arrangement or similar agreement not set off against financial liabilities | 26,407 | 34,151 |
Cash collateral pledged | 24,990 | 31,861 |
Non-cash assets pledged as collateral | 1,417 | 2,290 |
Repurchase agreements and other similar secured borrowing | ||
Net financial liabilities subject to offsetting, enforceable master netting arrangements or similar agreements in statement of financial position [abstract] | ||
Gross amounts | (573,332) | (540,462) |
Amounts offset | 397,439 | 375,376 |
Net amounts reported on the balance sheet | (175,893) | (165,086) |
Amounts subject to enforceable master netting arrangement or similar agreement not set off against financial liabilities [abstract] | ||
Financial instruments | 0 | 0 |
Derivative liability expsoure | 0 | 0 |
Amounts not subject to enforceable netting arrangements | (9,244) | (15,758) |
Repurchase agreements and other similar secured borrowing | 185,137 | 180,844 |
Financial collateral pledged subject to enforceable master netting arrangement or similar agreement not set off against financial liabilities | 175,893 | 165,086 |
Repurchase agreements and other similar secured borrowing | Financial liabilities at fair value | ||
Amounts subject to enforceable master netting arrangement or similar agreement not set off against financial liabilities [abstract] | ||
Derivative liability expsoure | (173,172) | (168,075) |
Repurchase agreements and other similar secured borrowing | Financial liabilities at amortised cost | ||
Amounts subject to enforceable master netting arrangement or similar agreement not set off against financial liabilities [abstract] | ||
Derivative liability expsoure | (11,965) | (12,769) |
Financial liabilities subject to offsetting | ||
Net financial liabilities subject to offsetting, enforceable master netting arrangements or similar agreements in statement of financial position [abstract] | ||
Gross amounts | (933,574) | (814,458) |
Amounts offset | 473,969 | 398,982 |
Net amounts reported on the balance sheet | (459,605) | (415,476) |
Amounts subject to enforceable master netting arrangement or similar agreement not set off against financial liabilities [abstract] | ||
Financial instruments | 238,062 | 202,347 |
Derivative liability expsoure | (19,243) | (13,892) |
Amounts not subject to enforceable netting arrangements | (14,738) | (21,891) |
Total liabilities | (474,343) | (437,367) |
Financial collateral pledged subject to enforceable master netting arrangement or similar agreement not set off against financial liabilities | 202,300 | 199,237 |
Cash collateral netted | ||
Net financial assets subject to offsetting, enforceable master netting arrangements or similar agreements [abstract] | ||
Amounts offset | (3,815) | |
Net financial liabilities subject to offsetting, enforceable master netting arrangements or similar agreements in statement of financial position [abstract] | ||
Amounts offset | 15,199 | |
Cash collateral netted | Derivatives | ||
Net financial liabilities subject to offsetting, enforceable master netting arrangements or similar agreements in statement of financial position [abstract] | ||
Amounts offset | 15,098 | 4,346 |
Derivatives | ||
Net financial assets subject to offsetting, enforceable master netting arrangements or similar agreements [abstract] | ||
Gross amounts | 374,848 | 279,286 |
Amounts offset | (76,429) | (24,137) |
Net amounts reported on the balance sheet | 298,419 | 255,149 |
Amounts subject to enforceable master netting arrangement or similar agreement not set off against financial assets [abstract] | ||
Netting and set-off | (238,062) | (202,347) |
Net financial assets subject to offsetting, enforceable master netting arrangements or similar agreements | 14,437 | 12,849 |
Amounts not subject to enforceable netting arrangements | 4,557 | 7,142 |
Amounts subject to enforceable master netting arrangement or similar agreement not set off against financial liabilities [abstract] | ||
Financial collateral received subject to enforceable master netting arrangement or similar agreement not set off against financial assets | (45,920) | (39,953) |
Non-cash collateral received subject to enforceable master netting arrangements or similar agreement not set off against financial assets | 11,424 | 5,804 |
Cash collateral received subject to enforceable master netting arrangement or similar agreement not set off against financial assets | 34,496 | 34,149 |
Reverse repurchase agreements and other similar secured lending | ||
Net financial assets subject to offsetting, enforceable master netting arrangements or similar agreements [abstract] | ||
Gross amounts | 560,060 | 519,855 |
Amounts offset | (397,439) | (375,376) |
Net amounts reported on the balance sheet | 162,621 | 144,479 |
Amounts subject to enforceable master netting arrangement or similar agreement not set off against financial assets [abstract] | ||
Netting and set-off | 0 | 0 |
Net financial assets subject to offsetting, enforceable master netting arrangements or similar agreements | 629 | 503 |
Amounts not subject to enforceable netting arrangements | 2,802 | 3,884 |
Reverse repurchase agreements and other similar secured lending | 165,423 | 148,363 |
Amounts subject to enforceable master netting arrangement or similar agreement not set off against financial liabilities [abstract] | ||
Financial collateral received subject to enforceable master netting arrangement or similar agreement not set off against financial assets | (161,992) | (143,976) |
Reverse repurchase agreements and other similar secured lending | Net gains on financial instruments designated at fair value | ||
Amounts subject to enforceable master netting arrangement or similar agreement not set off against financial assets [abstract] | ||
Net financial assets subject to offsetting, enforceable master netting arrangements or similar agreements | 164,698 | 145,186 |
Reverse repurchase agreements and other similar secured lending | Financial assets at amortised cost | ||
Amounts subject to enforceable master netting arrangement or similar agreement not set off against financial assets [abstract] | ||
Net financial assets subject to offsetting, enforceable master netting arrangements or similar agreements | 725 | 3,177 |
Financial Assets Subject To Offsetting | ||
Net financial assets subject to offsetting, enforceable master netting arrangements or similar agreements [abstract] | ||
Gross amounts | 934,908 | 799,141 |
Amounts offset | (473,868) | (399,513) |
Net amounts reported on the balance sheet | 461,040 | 399,628 |
Amounts subject to enforceable master netting arrangement or similar agreement not set off against financial assets [abstract] | ||
Netting and set-off | (238,062) | (202,347) |
Net financial assets subject to offsetting, enforceable master netting arrangements or similar agreements | 15,066 | 13,352 |
Amounts not subject to enforceable netting arrangements | 7,359 | 11,026 |
Total assets | 468,399 | 410,654 |
Amounts subject to enforceable master netting arrangement or similar agreement not set off against financial liabilities [abstract] | ||
Financial collateral received subject to enforceable master netting arrangement or similar agreement not set off against financial assets | £ (207,912) | £ (183,929) |
Loans and advances and deposi_3
Loans and advances and deposits held at amortised cost (Details) - GBP (£) £ in Millions | Dec. 31, 2022 | Dec. 31, 2021 |
Disclosure of detailed information about financial instruments [line items] | ||
Total loans and advances at amortised cost | £ 182,507 | £ 145,259 |
Deposits | ||
Disclosure of detailed information about financial instruments [line items] | ||
Total deposits at amortised cost | 291,579 | 262,828 |
Banks | Deposits | ||
Disclosure of detailed information about financial instruments [line items] | ||
Total deposits at amortised cost | 20,124 | 17,911 |
Customers | Deposits | ||
Disclosure of detailed information about financial instruments [line items] | ||
Total deposits at amortised cost | 271,455 | 244,917 |
Loans and advances | Banks | ||
Disclosure of detailed information about financial instruments [line items] | ||
Total loans and advances at amortised cost | 8,961 | 8,750 |
Loans and advances | Customers | ||
Disclosure of detailed information about financial instruments [line items] | ||
Total loans and advances at amortised cost | 146,243 | 117,014 |
Debt securities classified as amortised cost | Banks | ||
Disclosure of detailed information about financial instruments [line items] | ||
Total loans and advances at amortised cost | £ 27,303 | £ 19,495 |
Property, plant and equipment -
Property, plant and equipment - Depreciation rates (Details) | 12 Months Ended |
Dec. 31, 2022 | |
Freehold buildings and long-leasehold property (more than 50 years to run) | Bottom of range | |
Disclosure of detailed information about property, plant and equipment [line items] | |
Depreciation rate | 2% |
Freehold buildings and long-leasehold property (more than 50 years to run) | Top of range | |
Disclosure of detailed information about property, plant and equipment [line items] | |
Depreciation rate | 3.30% |
Costs of adaptation of freehold and leasehold property | Bottom of range | |
Disclosure of detailed information about property, plant and equipment [line items] | |
Depreciation rate | 6% |
Costs of adaptation of freehold and leasehold property | Top of range | |
Disclosure of detailed information about property, plant and equipment [line items] | |
Depreciation rate | 10% |
Equipment installed in freehold and leasehold property | Bottom of range | |
Disclosure of detailed information about property, plant and equipment [line items] | |
Depreciation rate | 6% |
Equipment installed in freehold and leasehold property | Top of range | |
Disclosure of detailed information about property, plant and equipment [line items] | |
Depreciation rate | 10% |
Computers and similar equipment | Bottom of range | |
Disclosure of detailed information about property, plant and equipment [line items] | |
Depreciation rate | 17% |
Computers and similar equipment | Top of range | |
Disclosure of detailed information about property, plant and equipment [line items] | |
Depreciation rate | 33% |
Fixtures and fittings and other equipment | Bottom of range | |
Disclosure of detailed information about property, plant and equipment [line items] | |
Depreciation rate | 9% |
Fixtures and fittings and other equipment | Top of range | |
Disclosure of detailed information about property, plant and equipment [line items] | |
Depreciation rate | 20% |
Property, plant and equipment_2
Property, plant and equipment (Details) - GBP (£) £ in Millions | 12 Months Ended | ||
Dec. 31, 2022 | Dec. 31, 2021 | Dec. 31, 2020 | |
Reconciliation of changes in property, plant and equipment [abstract] | |||
Beginning balance, Property, plant and equipment | £ 1,248 | ||
Ending balance, Property, plant and equipment | 1,379 | £ 1,248 | |
Impairment loss - structural costs | 266 | ||
Other income | 69 | 40 | £ 4 |
Cost | |||
Reconciliation of changes in property, plant and equipment [abstract] | |||
Beginning balance, Property, plant and equipment | 3,482 | 3,304 | |
Additions | 192 | 182 | |
Disposals | (496) | (104) | |
Exchange and other movements | 271 | 100 | |
Ending balance, Property, plant and equipment | 3,449 | 3,482 | 3,304 |
Accumulated depreciation and impairment | |||
Reconciliation of changes in property, plant and equipment [abstract] | |||
Beginning balance, Property, plant and equipment | (2,234) | (1,767) | |
Depreciation charge | (200) | (193) | |
Impairment charge | (13) | (268) | |
Disposals | 494 | 46 | |
Exchange and other movements | (117) | (52) | |
Ending balance, Property, plant and equipment | (2,070) | (2,234) | (1,767) |
Property | |||
Reconciliation of changes in property, plant and equipment [abstract] | |||
Beginning balance, Property, plant and equipment | 782 | ||
Ending balance, Property, plant and equipment | 842 | 782 | |
Property | Cost | |||
Reconciliation of changes in property, plant and equipment [abstract] | |||
Beginning balance, Property, plant and equipment | 1,702 | 1,619 | |
Additions | 93 | 85 | |
Disposals | (269) | (32) | |
Exchange and other movements | 98 | 30 | |
Ending balance, Property, plant and equipment | 1,624 | 1,702 | 1,619 |
Property | Accumulated depreciation and impairment | |||
Reconciliation of changes in property, plant and equipment [abstract] | |||
Beginning balance, Property, plant and equipment | (920) | (730) | |
Depreciation charge | (70) | (70) | |
Impairment charge | 0 | (108) | |
Disposals | 269 | 27 | |
Exchange and other movements | (61) | (39) | |
Ending balance, Property, plant and equipment | (782) | (920) | (730) |
Equipment | |||
Reconciliation of changes in property, plant and equipment [abstract] | |||
Beginning balance, Property, plant and equipment | 181 | ||
Ending balance, Property, plant and equipment | 264 | 181 | |
Equipment | Cost | |||
Reconciliation of changes in property, plant and equipment [abstract] | |||
Beginning balance, Property, plant and equipment | 1,058 | 987 | |
Additions | 79 | 70 | |
Disposals | (212) | (12) | |
Exchange and other movements | 114 | 13 | |
Ending balance, Property, plant and equipment | 1,039 | 1,058 | 987 |
Equipment | Accumulated depreciation and impairment | |||
Reconciliation of changes in property, plant and equipment [abstract] | |||
Beginning balance, Property, plant and equipment | (877) | (821) | |
Depreciation charge | (61) | (55) | |
Impairment charge | 0 | 0 | |
Disposals | 209 | 10 | |
Exchange and other movements | (46) | (11) | |
Ending balance, Property, plant and equipment | (775) | (877) | (821) |
Investment property | |||
Reconciliation of changes in property, plant and equipment [abstract] | |||
Beginning balance, Property, plant and equipment | 7 | ||
Ending balance, Property, plant and equipment | 5 | 7 | |
Other income | 8 | 6 | |
Investment property | Cost | |||
Reconciliation of changes in property, plant and equipment [abstract] | |||
Beginning balance, Property, plant and equipment | 7 | 10 | |
Additions | 0 | 0 | |
Disposals | (1) | (2) | |
Exchange and other movements | (1) | (1) | |
Ending balance, Property, plant and equipment | 5 | 7 | 10 |
Investment property | Accumulated depreciation and impairment | |||
Reconciliation of changes in property, plant and equipment [abstract] | |||
Beginning balance, Property, plant and equipment | 0 | 0 | |
Depreciation charge | 0 | 0 | |
Impairment charge | 0 | 0 | |
Disposals | 0 | 0 | |
Exchange and other movements | 0 | 0 | |
Ending balance, Property, plant and equipment | 0 | 0 | 0 |
Right of use assets | |||
Reconciliation of changes in property, plant and equipment [abstract] | |||
Beginning balance, Property, plant and equipment | 278 | ||
Ending balance, Property, plant and equipment | 268 | 278 | |
Right of use assets | Cost | |||
Reconciliation of changes in property, plant and equipment [abstract] | |||
Beginning balance, Property, plant and equipment | 715 | 688 | |
Additions | 20 | 27 | |
Disposals | (14) | (58) | |
Exchange and other movements | 60 | 58 | |
Ending balance, Property, plant and equipment | 781 | 715 | 688 |
Right of use assets | Accumulated depreciation and impairment | |||
Reconciliation of changes in property, plant and equipment [abstract] | |||
Beginning balance, Property, plant and equipment | (437) | (216) | |
Depreciation charge | (69) | (68) | |
Impairment charge | (13) | (160) | |
Disposals | 16 | 9 | |
Exchange and other movements | (10) | (2) | |
Ending balance, Property, plant and equipment | £ (513) | £ (437) | £ (216) |
Leases - Lease liabilities (Det
Leases - Lease liabilities (Details) - GBP (£) £ in Millions | 12 Months Ended | ||
Dec. 31, 2022 | Dec. 31, 2021 | Dec. 31, 2020 | |
Reconciliation Of Lease Liabilities [Roll Forward] | |||
Lease liabilities, Beginning Balance | £ 495 | £ 515 | |
Interest expense | 18 | 20 | £ 23 |
New leases | 18 | 38 | |
Disposals | (4) | (45) | |
Cash payments | (89) | (92) | |
Exchange and other movements | 58 | 59 | |
Lease liabilities, Ending Balance | £ 496 | £ 495 | £ 515 |
Leases - Lease liability maturi
Leases - Lease liability maturity analysis (Details) - GBP (£) £ in Millions | Dec. 31, 2022 | Dec. 31, 2021 |
Disclosure of maturity analysis for non-derivative financial liabilities [line items] | ||
Total undiscounted lease liabilities | £ 597 | £ 598 |
Not more than one year | ||
Disclosure of maturity analysis for non-derivative financial liabilities [line items] | ||
Total undiscounted lease liabilities | 91 | 81 |
One to two years | ||
Disclosure of maturity analysis for non-derivative financial liabilities [line items] | ||
Total undiscounted lease liabilities | 94 | 77 |
Two to three years | ||
Disclosure of maturity analysis for non-derivative financial liabilities [line items] | ||
Total undiscounted lease liabilities | 80 | 74 |
Three to four years | ||
Disclosure of maturity analysis for non-derivative financial liabilities [line items] | ||
Total undiscounted lease liabilities | 66 | 66 |
Four to five years | ||
Disclosure of maturity analysis for non-derivative financial liabilities [line items] | ||
Total undiscounted lease liabilities | 66 | 60 |
Five to ten years | ||
Disclosure of maturity analysis for non-derivative financial liabilities [line items] | ||
Total undiscounted lease liabilities | 181 | 210 |
Greater than ten years | ||
Disclosure of maturity analysis for non-derivative financial liabilities [line items] | ||
Total undiscounted lease liabilities | £ 19 | £ 30 |
Leases - Narrative (Details)
Leases - Narrative (Details) | 12 Months Ended | |
Dec. 31, 2022 GBP (£) lease | Dec. 31, 2021 GBP (£) lease | |
Leases | ||
Number of leases with variable lease payment terms | lease | 41 | 47 |
Number of leases | lease | 106 | 110 |
Expense relating to variable lease payments not included in measurement of lease liabilities | £ 418,000,000 | £ 362,000,000 |
Extension and termination options reasonably certain to be exercised | 486,000,000 | 408,000,000 |
Gains (losses) arising from sale and leaseback transactions | £ 0 | £ 33,000,000 |
Goodwill and intangible asset_2
Goodwill and intangible assets - Annual rates in calculating amortisation (Details) | 12 Months Ended |
Dec. 31, 2022 | |
Software | Bottom of range | Internally generated | |
Disclosure of information for impairment loss recognised or reversed for individual asset or cash-generating unit [line items] | |
Amortisation period | 12 months |
Software | Bottom of range | Other | |
Disclosure of information for impairment loss recognised or reversed for individual asset or cash-generating unit [line items] | |
Amortisation period | 12 months |
Software | Top of range | Internally generated | |
Disclosure of information for impairment loss recognised or reversed for individual asset or cash-generating unit [line items] | |
Amortisation period | 6 years |
Software | Top of range | Other | |
Disclosure of information for impairment loss recognised or reversed for individual asset or cash-generating unit [line items] | |
Amortisation period | 6 years |
Customer lists | Bottom of range | |
Disclosure of information for impairment loss recognised or reversed for individual asset or cash-generating unit [line items] | |
Amortisation period | 12 months |
Customer lists | Top of range | |
Disclosure of information for impairment loss recognised or reversed for individual asset or cash-generating unit [line items] | |
Amortisation period | 25 years |
Licences and other | Bottom of range | |
Disclosure of information for impairment loss recognised or reversed for individual asset or cash-generating unit [line items] | |
Amortisation period | 12 months |
Licences and other | Top of range | |
Disclosure of information for impairment loss recognised or reversed for individual asset or cash-generating unit [line items] | |
Amortisation period | 25 years |
Certain core banking platforms | Bottom of range | Internally generated | |
Disclosure of information for impairment loss recognised or reversed for individual asset or cash-generating unit [line items] | |
Amortisation period | 10 years |
Certain core banking platforms | Top of range | Internally generated | |
Disclosure of information for impairment loss recognised or reversed for individual asset or cash-generating unit [line items] | |
Amortisation period | 15 years |
Goodwill and intangible asset_3
Goodwill and intangible assets - Goodwill and Intangible assets (Details) - GBP (£) £ in Millions | 12 Months Ended | |
Dec. 31, 2022 | Dec. 31, 2021 | |
Reconciliation of changes in intangible assets and goodwill [abstract] | ||
Intangible assets and goodwill, beginning of period | £ 1,449 | |
Intangible assets and goodwill, end of period | 1,665 | £ 1,449 |
Cost | ||
Reconciliation of changes in intangible assets and goodwill [abstract] | ||
Intangible assets and goodwill, beginning of period | 4,144 | 3,751 |
Additions | 368 | 601 |
Disposals | (485) | (167) |
Exchange and other movements | 404 | (41) |
Intangible assets and goodwill, end of period | 4,431 | 4,144 |
Accumulated amortisation and impairment | ||
Reconciliation of changes in intangible assets and goodwill [abstract] | ||
Intangible assets and goodwill, beginning of period | (2,695) | (2,597) |
Disposals | 485 | 167 |
Amortisation charge | (270) | (210) |
Impairment charge | 0 | (12) |
Exchange and other movements | (286) | (43) |
Intangible assets and goodwill, end of period | (2,766) | (2,695) |
Goodwill | ||
Reconciliation of changes in intangible assets and goodwill [abstract] | ||
Intangible assets and goodwill, beginning of period | 258 | |
Intangible assets and goodwill, end of period | 277 | 258 |
Goodwill | Cost | ||
Reconciliation of changes in intangible assets and goodwill [abstract] | ||
Intangible assets and goodwill, beginning of period | 326 | 324 |
Additions | 0 | 0 |
Disposals | 0 | 0 |
Exchange and other movements | 19 | 2 |
Intangible assets and goodwill, end of period | 345 | 326 |
Goodwill | Accumulated amortisation and impairment | ||
Reconciliation of changes in intangible assets and goodwill [abstract] | ||
Intangible assets and goodwill, beginning of period | (68) | (68) |
Disposals | 0 | 0 |
Amortisation charge | 0 | 0 |
Impairment charge | 0 | 0 |
Exchange and other movements | 0 | 0 |
Intangible assets and goodwill, end of period | (68) | (68) |
Software | Internally generated | ||
Reconciliation of changes in intangible assets and goodwill [abstract] | ||
Intangible assets and goodwill, beginning of period | 542 | |
Intangible assets and goodwill, end of period | 690 | 542 |
Software | Internally generated | Cost | ||
Reconciliation of changes in intangible assets and goodwill [abstract] | ||
Intangible assets and goodwill, beginning of period | 1,508 | 1,539 |
Additions | 275 | 195 |
Disposals | (427) | (148) |
Exchange and other movements | 121 | (78) |
Intangible assets and goodwill, end of period | 1,477 | 1,508 |
Software | Internally generated | Accumulated amortisation and impairment | ||
Reconciliation of changes in intangible assets and goodwill [abstract] | ||
Intangible assets and goodwill, beginning of period | (966) | (964) |
Disposals | 427 | 148 |
Amortisation charge | (153) | (126) |
Impairment charge | 0 | (12) |
Exchange and other movements | (95) | (12) |
Intangible assets and goodwill, end of period | (787) | (966) |
Software | Other | ||
Reconciliation of changes in intangible assets and goodwill [abstract] | ||
Intangible assets and goodwill, beginning of period | 43 | |
Intangible assets and goodwill, end of period | 42 | 43 |
Software | Other | Cost | ||
Reconciliation of changes in intangible assets and goodwill [abstract] | ||
Intangible assets and goodwill, beginning of period | 95 | 106 |
Additions | 0 | 1 |
Disposals | (13) | (12) |
Exchange and other movements | 9 | 0 |
Intangible assets and goodwill, end of period | 91 | 95 |
Software | Other | Accumulated amortisation and impairment | ||
Reconciliation of changes in intangible assets and goodwill [abstract] | ||
Intangible assets and goodwill, beginning of period | (52) | (55) |
Disposals | 13 | 12 |
Amortisation charge | (6) | (6) |
Impairment charge | 0 | 0 |
Exchange and other movements | (4) | (3) |
Intangible assets and goodwill, end of period | (49) | (52) |
Customer lists | ||
Reconciliation of changes in intangible assets and goodwill [abstract] | ||
Intangible assets and goodwill, beginning of period | 132 | |
Intangible assets and goodwill, end of period | 180 | 132 |
Customer lists | Cost | ||
Reconciliation of changes in intangible assets and goodwill [abstract] | ||
Intangible assets and goodwill, beginning of period | 1,339 | 1,325 |
Additions | 76 | 0 |
Disposals | (12) | (5) |
Exchange and other movements | 159 | 19 |
Intangible assets and goodwill, end of period | 1,562 | 1,339 |
Customer lists | Accumulated amortisation and impairment | ||
Reconciliation of changes in intangible assets and goodwill [abstract] | ||
Intangible assets and goodwill, beginning of period | (1,207) | (1,158) |
Disposals | 12 | 5 |
Amortisation charge | (44) | (36) |
Impairment charge | 0 | 0 |
Exchange and other movements | (143) | (18) |
Intangible assets and goodwill, end of period | (1,382) | (1,207) |
Licences and other | ||
Reconciliation of changes in intangible assets and goodwill [abstract] | ||
Intangible assets and goodwill, beginning of period | 474 | |
Intangible assets and goodwill, end of period | 476 | 474 |
Licences and other | Cost | ||
Reconciliation of changes in intangible assets and goodwill [abstract] | ||
Intangible assets and goodwill, beginning of period | 876 | 457 |
Additions | 17 | 405 |
Disposals | (33) | (2) |
Exchange and other movements | 96 | 16 |
Intangible assets and goodwill, end of period | 956 | 876 |
Licences and other | Accumulated amortisation and impairment | ||
Reconciliation of changes in intangible assets and goodwill [abstract] | ||
Intangible assets and goodwill, beginning of period | (402) | (352) |
Disposals | 33 | 2 |
Amortisation charge | (67) | (42) |
Impairment charge | 0 | 0 |
Exchange and other movements | (44) | (10) |
Intangible assets and goodwill, end of period | £ (480) | £ (402) |
Goodwill and intangible asset_4
Goodwill and intangible assets - Goodwill allocated to business operations according to business segments (Details) - GBP (£) £ in Millions | Dec. 31, 2022 | Dec. 31, 2021 |
Disclosure of reconciliation of changes in intangible assets and goodwill [line items] | ||
Goodwill | £ 277 | £ 258 |
Consumer, Cards and Payments | ||
Disclosure of reconciliation of changes in intangible assets and goodwill [line items] | ||
Goodwill | £ 277 | £ 258 |
Goodwill and intangible asset_5
Goodwill and intangible assets (Narrative) (Details) | 12 Months Ended | |
Dec. 31, 2022 | Dec. 31, 2021 | |
Disclosure of reconciliation of changes in intangible assets and goodwill [line items] | ||
VIU forecast period | 5 years | |
Cash-generating units | ||
Disclosure of reconciliation of changes in intangible assets and goodwill [line items] | ||
Growth rate used to extrapolate cash flow projections | 2% | 2% |
Cash-generating units | Bottom of range | ||
Disclosure of reconciliation of changes in intangible assets and goodwill [line items] | ||
Pre-tax discount rate | 14.10% | 12.50% |
Cash-generating units | Top of range | ||
Disclosure of reconciliation of changes in intangible assets and goodwill [line items] | ||
Pre-tax discount rate | 16% | 14.70% |
Other liabilities (Details)
Other liabilities (Details) - GBP (£) £ in Millions | Dec. 31, 2022 | Dec. 31, 2021 |
Accruals and deferred income including contract liabilities [abstract] | ||
Accruals and deferred income | £ 2,973 | £ 2,657 |
Other creditors | 7,255 | 4,030 |
Items in the course of collection due to other banks | 55 | 67 |
Lease liabilities (refer to Note 20) | 496 | 495 |
Other liabilities | £ 10,779 | £ 7,249 |
Provisions (Details)
Provisions (Details) - GBP (£) £ in Millions | 12 Months Ended | |
Dec. 31, 2022 | Dec. 31, 2021 | |
Reconciliation of changes in other provisions [abstract] | ||
Provisions, Beginning balance | £ 1,110 | |
Additions | 1,509 | |
Amounts utilised | (1,748) | |
Unused amounts reversed | (247) | |
Exchange and other movements | 234 | |
Provisions, Ending balance | 858 | |
Not more than one year | ||
Reconciliation of changes in other provisions [abstract] | ||
Expected reimbursement, other provisions | 764 | £ 1,023 |
Not more than one year | Barclays Bank PLC | ||
Reconciliation of changes in other provisions [abstract] | ||
Expected reimbursement, other provisions | 560 | £ 881 |
Onerous contracts | ||
Reconciliation of changes in other provisions [abstract] | ||
Provisions, Beginning balance | 2 | |
Additions | 0 | |
Amounts utilised | (1) | |
Unused amounts reversed | (1) | |
Exchange and other movements | 0 | |
Provisions, Ending balance | 0 | |
Redundancy and restructuring | ||
Reconciliation of changes in other provisions [abstract] | ||
Provisions, Beginning balance | 46 | |
Additions | 59 | |
Amounts utilised | (42) | |
Unused amounts reversed | (19) | |
Exchange and other movements | 1 | |
Provisions, Ending balance | 45 | |
Undrawn contractually committed facilities and guarantees provided | IFRSs 9 | ||
Reconciliation of changes in other provisions [abstract] | ||
Provisions, Beginning balance | 499 | |
Additions | 133 | |
Amounts utilised | 0 | |
Unused amounts reversed | (123) | |
Exchange and other movements | 23 | |
Provisions, Ending balance | 532 | |
Customer redress | ||
Reconciliation of changes in other provisions [abstract] | ||
Provisions, Beginning balance | 266 | |
Additions | 846 | |
Amounts utilised | (1,154) | |
Unused amounts reversed | (76) | |
Exchange and other movements | 164 | |
Provisions, Ending balance | 46 | |
Legal, competition and regulatory matters | ||
Reconciliation of changes in other provisions [abstract] | ||
Provisions, Beginning balance | 211 | |
Additions | 422 | |
Amounts utilised | (542) | |
Unused amounts reversed | (15) | |
Exchange and other movements | 37 | |
Provisions, Ending balance | 113 | |
Sundry provisions | ||
Reconciliation of changes in other provisions [abstract] | ||
Provisions, Beginning balance | 86 | |
Additions | 49 | |
Amounts utilised | (9) | |
Unused amounts reversed | (13) | |
Exchange and other movements | 9 | |
Provisions, Ending balance | £ 122 |
Contingent liabilities and co_3
Contingent liabilities and commitments (Details) - GBP (£) £ in Millions | Dec. 31, 2022 | Dec. 31, 2021 |
Disclosure of contingent liabilities [line items] | ||
Notional contract amount | £ 52,342,870 | £ 47,412,915 |
Provisions | 858 | 1,110 |
Expected credit losses held against contingent liabilities and commitments | ||
Disclosure of contingent liabilities [line items] | ||
Provisions | 532 | 499 |
Financial guarantee contracts | ||
Disclosure of contingent liabilities [line items] | ||
Notional contract amount | 25,800 | 23,746 |
Loan commitments | ||
Disclosure of contingent liabilities [line items] | ||
Notional contract amount | 334,977 | 284,451 |
of which: Carried at fair value | Financial guarantee contracts | ||
Disclosure of contingent liabilities [line items] | ||
Notional contract amount | 1,423 | 231 |
of which: Carried at fair value | Loan commitments | ||
Disclosure of contingent liabilities [line items] | ||
Notional contract amount | 13,471 | 18,571 |
Guarantees and letters of credit pledged as collateral security | Financial guarantee contracts | ||
Disclosure of contingent liabilities [line items] | ||
Notional contract amount | 17,700 | 15,759 |
Performance guarantees, acceptances and endorsements | Financial guarantee contracts | ||
Disclosure of contingent liabilities [line items] | ||
Notional contract amount | 8,100 | 7,987 |
Documentary credits and other short-term trade related transactions | Loan commitments | ||
Disclosure of contingent liabilities [line items] | ||
Notional contract amount | 1,748 | 1,584 |
Standby facilities, credit lines and other commitments | Loan commitments | ||
Disclosure of contingent liabilities [line items] | ||
Notional contract amount | £ 333,229 | £ 282,867 |
Legal, competition and regula_2
Legal, competition and regulatory matters (Narrative) (Details) $ in Thousands, € in Millions, £ in Millions | 1 Months Ended | 3 Months Ended | 6 Months Ended | 12 Months Ended | |||||||||||||||||
Sep. 12, 2022 GBP (£) | Sep. 30, 2022 GBP (£) | Jun. 30, 2022 lawsuit | Apr. 30, 2022 USD ($) | Dec. 31, 2022 GBP (£) | Dec. 31, 2022 USD ($) | Sep. 30, 2022 USD ($) | Jul. 01, 2007 lawsuit | Dec. 31, 2022 GBP (£) lawsuit settlement claim plaintiff | Dec. 31, 2022 USD ($) lawsuit settlement claim plaintiff | Dec. 31, 2022 EUR (€) lawsuit settlement claim plaintiff | Dec. 31, 2021 GBP (£) lawsuit defendant pension_fund | Dec. 31, 2021 USD ($) lawsuit defendant pension_fund | Dec. 31, 2020 GBP (£) lawsuit | Dec. 31, 2019 GBP (£) | Dec. 31, 2019 USD ($) | Dec. 31, 2017 lawsuit | Dec. 31, 2013 GBP (£) | Dec. 31, 2012 USD ($) lawsuit | Dec. 31, 2008 USD ($) agreement | Aug. 31, 2020 GBP (£) | |
Disclosure of contingent liabilities [line items] | |||||||||||||||||||||
Litigation and conduct | £ | £ 1,427 | £ 374 | £ 76 | ||||||||||||||||||
Provision utilised | £ | £ 1,748 | ||||||||||||||||||||
Sterling LIBOR case in SDNY | |||||||||||||||||||||
Disclosure of contingent liabilities [line items] | |||||||||||||||||||||
Number of lawsuits with specified damages sought | 2 | ||||||||||||||||||||
Non-US forex civil actions | |||||||||||||||||||||
Disclosure of contingent liabilities [line items] | |||||||||||||||||||||
Number of lawsuits with specified damages sought | 2 | 2 | 2 | ||||||||||||||||||
Metals related civil actions | |||||||||||||||||||||
Disclosure of contingent liabilities [line items] | |||||||||||||||||||||
Litigation and conduct | € | € 50 | ||||||||||||||||||||
US residential and commercial mortgage-related activity and litigation | RMBS repurchase requests | Originated and sold to third parties by acquired subsidiary | |||||||||||||||||||||
Disclosure of contingent liabilities [line items] | |||||||||||||||||||||
Number of lawsuits with specified damages sought | 2 | 2 | 2 | 2 | |||||||||||||||||
Number of lawsuits dismissed | 1 | ||||||||||||||||||||
US residential and commercial mortgage-related activity and litigation | Legacy RMBS purchases | |||||||||||||||||||||
Disclosure of contingent liabilities [line items] | |||||||||||||||||||||
Litigation and conduct | $ | $ 32,500 | ||||||||||||||||||||
Number of defendants | defendant | 6 | 6 | |||||||||||||||||||
Asset-backed debt instruments held | $ | $ 22,000 | ||||||||||||||||||||
US residential and commercial mortgage-related activity and litigation | Legacy RMBS purchases | NEW MEXICO | |||||||||||||||||||||
Disclosure of contingent liabilities [line items] | |||||||||||||||||||||
Number of retirement benefit funds | pension_fund | 2 | 2 | |||||||||||||||||||
Supranational, Sovereign and Agency Bonds civil actions | |||||||||||||||||||||
Disclosure of contingent liabilities [line items] | |||||||||||||||||||||
Number of lawsuits dismissed | 1 | ||||||||||||||||||||
Civil actions in respect of VRDO - private plaintiffs | |||||||||||||||||||||
Disclosure of contingent liabilities [line items] | |||||||||||||||||||||
Number of lawsuits with specified damages sought | 2 | 2 | 2 | ||||||||||||||||||
Civil actions in respect of VRDO - SNDY | |||||||||||||||||||||
Disclosure of contingent liabilities [line items] | |||||||||||||||||||||
Number of lawsuits with specified damages sought | 3 | 3 | |||||||||||||||||||
BDC Finance LLC | |||||||||||||||||||||
Disclosure of contingent liabilities [line items] | |||||||||||||||||||||
Litigation settlements approved | $ | $ 3,300 | $ 298,000 | |||||||||||||||||||
Civil actions in respect of the US Anti-Terrorism Act - EDNY | |||||||||||||||||||||
Disclosure of contingent liabilities [line items] | |||||||||||||||||||||
Number of lawsuits with specified damages sought | 6 | 6 | 6 | ||||||||||||||||||
Number of lawsuits dismissed | 3 | 3 | 3 | ||||||||||||||||||
Number of plaintiffs | plaintiff | 4,000 | 4,000 | 4,000 | ||||||||||||||||||
Number of lawsuits subject to appeal | 1 | 1 | 1 | ||||||||||||||||||
Civil actions in respect of the US Anti-Terrorism Act - SDNY | |||||||||||||||||||||
Disclosure of contingent liabilities [line items] | |||||||||||||||||||||
Number of lawsuits with specified damages sought | 2 | 2 | 2 | ||||||||||||||||||
Derivative transactions civil action | |||||||||||||||||||||
Disclosure of contingent liabilities [line items] | |||||||||||||||||||||
Damages sought | £ | £ 329 | ||||||||||||||||||||
CFS remediation of ASL loans | |||||||||||||||||||||
Disclosure of contingent liabilities [line items] | |||||||||||||||||||||
Expected reimbursement, other provisions | £ | £ 183 | 183 | £ 10.4 | ||||||||||||||||||
CFS Remediation Of Other Legacy Timeshare Retailers | |||||||||||||||||||||
Disclosure of contingent liabilities [line items] | |||||||||||||||||||||
Expected reimbursement, other provisions | £ | 96 | £ 96 | |||||||||||||||||||
Over Issuance of Structured Notes | |||||||||||||||||||||
Disclosure of contingent liabilities [line items] | |||||||||||||||||||||
Provision utilised | £ | £ 1,008 | ||||||||||||||||||||
Over Issuance of Structured Notes | Barclays PLC and Barclays Bank PLC | |||||||||||||||||||||
Disclosure of contingent liabilities [line items] | |||||||||||||||||||||
Financial penalty warning | £ 165 | $ 200,000 | |||||||||||||||||||
HMRC assessments concerning UK VAT | |||||||||||||||||||||
Disclosure of contingent liabilities [line items] | |||||||||||||||||||||
Damages sought | £ | £ 181 | ||||||||||||||||||||
HMRC assessments concerning UK VAT | UK Banking Business | |||||||||||||||||||||
Disclosure of contingent liabilities [line items] | |||||||||||||||||||||
Damages sought | £ | 128 | ||||||||||||||||||||
Barclays Bank PLC | FCA Proceedings and other investigations | |||||||||||||||||||||
Disclosure of contingent liabilities [line items] | |||||||||||||||||||||
Number of advisory service agreements | agreement | 2 | ||||||||||||||||||||
Financial penalty warning | £ | £ 50 | £ 50 | |||||||||||||||||||
Barclays Bank PLC | USD LIBOR cases in MDL court | |||||||||||||||||||||
Disclosure of contingent liabilities [line items] | |||||||||||||||||||||
Number of settlements with court approval | settlement | 1 | 1 | 1 | ||||||||||||||||||
Barclays Bank PLC | USD LIBOR cases in MDL court | Lawsuits with specified damages sought | |||||||||||||||||||||
Disclosure of contingent liabilities [line items] | |||||||||||||||||||||
Number of lawsuits with specified damages sought | 1 | ||||||||||||||||||||
Damages sought | $ | $ 100,000 | ||||||||||||||||||||
Barclays Bank PLC | Japanese Yen LIBOR Case In SDNY | Exchange-based class claims | |||||||||||||||||||||
Disclosure of contingent liabilities [line items] | |||||||||||||||||||||
Litigation and conduct | $ | $ 17,750 | ||||||||||||||||||||
Barclays Bank PLC | SIBOR and SOR Case In SDNY | Exchange-based class claims | |||||||||||||||||||||
Disclosure of contingent liabilities [line items] | |||||||||||||||||||||
Litigation and conduct | $ | $ 91,000 | ||||||||||||||||||||
Barclays Bank PLC | Non-US Benchmarks Civil Actions | Exchange-based class claims | |||||||||||||||||||||
Disclosure of contingent liabilities [line items] | |||||||||||||||||||||
Number of claims pending resolution | claim | 1 | 1 | 1 | ||||||||||||||||||
Barclays Bank PLC | Consolidated FX action | Barclays Capital Inc. | SEC | |||||||||||||||||||||
Disclosure of contingent liabilities [line items] | |||||||||||||||||||||
Litigation and conduct | $ | $ 384,000 | ||||||||||||||||||||
Barclays Bank PLC | SEC Civil Monetary Penalty | |||||||||||||||||||||
Disclosure of contingent liabilities [line items] | |||||||||||||||||||||
Litigation and conduct | $ | $ 125,000 | ||||||||||||||||||||
Barclays Bank PLC | CFTC Civil Monetary Penalty | |||||||||||||||||||||
Disclosure of contingent liabilities [line items] | |||||||||||||||||||||
Litigation and conduct | $ | $ 75,000 | ||||||||||||||||||||
Barclays Bank PLC | HMRC assessments concerning UK VAT | |||||||||||||||||||||
Disclosure of contingent liabilities [line items] | |||||||||||||||||||||
Damages sought | £ | £ 53 |
Subordinated liabilities - Acco
Subordinated liabilities - Accounting for subordinated liabilities (Details) - GBP (£) £ in Millions | 12 Months Ended | ||
Dec. 31, 2022 | Dec. 31, 2021 | Dec. 31, 2020 | |
Subordinated liabilities [abstract] | |||
Opening balance as at 1 January | £ 32,185 | £ 32,005 | |
Issuance of subordinated liabilities | 15,381 | 9,099 | £ 3,856 |
Redemptions | (8,367) | (7,241) | |
Other | (946) | (1,678) | |
Closing balance as at 31 December | 38,253 | 32,185 | £ 32,005 |
Total subordinated liabilities | £ 38,774 | £ 32,668 |
Subordinated liabilities - Narr
Subordinated liabilities - Narrative (Details) € in Millions, ¥ in Millions, £ in Millions, kr in Millions, kr in Millions, SFr in Millions, $ in Millions, $ in Millions, $ in Millions | 12 Months Ended | ||||||||||
Dec. 31, 2022 GBP (£) | Dec. 31, 2021 GBP (£) | Dec. 31, 2020 GBP (£) | Dec. 31, 2022 USD ($) | Dec. 31, 2022 JPY (¥) | Dec. 31, 2022 EUR (€) | Dec. 31, 2022 AUD ($) | Dec. 31, 2022 SEK (kr) | Dec. 31, 2022 NOK (kr) | Dec. 31, 2022 CAD ($) | Dec. 31, 2022 CHF (SFr) | |
Disclosure of detailed information about borrowings [line items] | |||||||||||
Issuance of subordinated liabilities | £ 15,381 | £ 9,099 | £ 3,856 | ||||||||
Redemption of subordinated debt | 8,367 | 7,241 | £ 4,746 | ||||||||
Dated subordinated liabilities | 38,236 | 31,873 | |||||||||
Notional contract amount | 52,342,870 | 47,412,915 | |||||||||
Other (outside the UK and US tax groups) | |||||||||||
Disclosure of detailed information about borrowings [line items] | |||||||||||
Dated subordinated liabilities | 573 | 311 | |||||||||
Barclays Bank PLC | |||||||||||
Disclosure of detailed information about borrowings [line items] | |||||||||||
Redemption of subordinated debt | 5,734 | ||||||||||
Dated subordinated liabilities | 38,236 | 31,873 | |||||||||
Barclays Bank PLC loans issued intra-group to Barclays PLC | |||||||||||
Disclosure of detailed information about borrowings [line items] | |||||||||||
Issuance of subordinated liabilities | 14,904 | ||||||||||
Redemption of subordinated debt | 2,370 | ||||||||||
USD Notes | Floating interest rate | |||||||||||
Disclosure of detailed information about borrowings [line items] | |||||||||||
Issuance of subordinated liabilities | 317 | ||||||||||
USD Notes | Floating interest rate | Other (outside the UK and US tax groups) | |||||||||||
Disclosure of detailed information about borrowings [line items] | |||||||||||
Redemption of subordinated debt | 175 | ||||||||||
South African Rand notes | Floating interest rate | Other (outside the UK and US tax groups) | |||||||||||
Disclosure of detailed information about borrowings [line items] | |||||||||||
Issuance of subordinated liabilities | 89 | ||||||||||
EUR floating rate notes | Floating interest rate | Other (outside the UK and US tax groups) | |||||||||||
Disclosure of detailed information about borrowings [line items] | |||||||||||
Issuance of subordinated liabilities | 42 | ||||||||||
EUR floating rate notes | Floating interest rate | Barclays Bank PLC | |||||||||||
Disclosure of detailed information about borrowings [line items] | |||||||||||
Redemption of subordinated debt | £ 35 | ||||||||||
Interest rate | 5.3304% | 5.3304% | 5.3304% | 5.3304% | 5.3304% | 5.3304% | 5.3304% | 5.3304% | 5.3304% | ||
JPY floating rate notes | Floating interest rate | Other (outside the UK and US tax groups) | |||||||||||
Disclosure of detailed information about borrowings [line items] | |||||||||||
Issuance of subordinated liabilities | £ 29 | ||||||||||
United States Dollar fixed rate notes | Fixed interest rate | Other (outside the UK and US tax groups) | |||||||||||
Disclosure of detailed information about borrowings [line items] | |||||||||||
Redemption of subordinated debt | 88 | ||||||||||
GBP 10% fixed rate notes | Fixed interest rate | Barclays Bank PLC | |||||||||||
Disclosure of detailed information about borrowings [line items] | |||||||||||
Redemption of subordinated debt | £ 1,275 | ||||||||||
Interest rate | 7.625% | 7.625% | 7.625% | 7.625% | 7.625% | 7.625% | 7.625% | 7.625% | 7.625% | ||
EUR 6% fixed rate notes | Fixed interest rate | Barclays Bank PLC | |||||||||||
Disclosure of detailed information about borrowings [line items] | |||||||||||
Redemption of subordinated debt | £ 838 | ||||||||||
Interest rate | 6.625% | 6.625% | 6.625% | 6.625% | 6.625% | 6.625% | 6.625% | 6.625% | 6.625% | ||
USD 10.179% fixed rate notes | Fixed interest rate | Barclays Bank PLC | |||||||||||
Disclosure of detailed information about borrowings [line items] | |||||||||||
Redemption of subordinated debt | £ 147 | ||||||||||
Interest rate | 6.86% | 6.86% | 6.86% | 6.86% | 6.86% | 6.86% | 6.86% | 6.86% | 6.86% | ||
GBP 9.5% subordinated bonds | Fixed interest rate | Barclays Bank PLC | |||||||||||
Disclosure of detailed information about borrowings [line items] | |||||||||||
Redemption of subordinated debt | £ 42 | ||||||||||
GBP 9.25% perpetual subordinated bonds | Fixed interest rate | Barclays Bank PLC | |||||||||||
Disclosure of detailed information about borrowings [line items] | |||||||||||
Redemption of subordinated debt | £ 21 | ||||||||||
6% Callable Perpetual Core Tier One Notes | Barclays Bank PLC | |||||||||||
Disclosure of detailed information about borrowings [line items] | |||||||||||
Interest rate | 6% | 6% | 6% | 6% | 6% | 6% | 6% | 6% | 6% | ||
6% Callable Perpetual Core Tier One Notes | Floating interest rate | Barclays Bank PLC | |||||||||||
Disclosure of detailed information about borrowings [line items] | |||||||||||
Redemption of subordinated debt | £ 12 | ||||||||||
Interest rate | 6% | 6% | 6% | 6% | 6% | 6% | 6% | 6% | 6% | ||
6.125% Undated Subordinated Notes | Barclays Bank PLC | |||||||||||
Disclosure of detailed information about borrowings [line items] | |||||||||||
Interest rate | 6.125% | 6.125% | 6.125% | 6.125% | 6.125% | 6.125% | 6.125% | 6.125% | 6.125% | ||
Maturity period | 5 years | ||||||||||
Various subordinated loans | |||||||||||
Disclosure of detailed information about borrowings [line items] | |||||||||||
Dated subordinated liabilities | £ 26,472 | 21,051 | |||||||||
Various subordinated loans | USD | Dated subordinated liabilities | |||||||||||
Disclosure of detailed information about borrowings [line items] | |||||||||||
Notional contract amount | $ | $ 22,182 | ||||||||||
Various subordinated loans | EUR | Dated subordinated liabilities | |||||||||||
Disclosure of detailed information about borrowings [line items] | |||||||||||
Notional contract amount | € | € 7,325 | ||||||||||
Various subordinated loans | GBP | Dated subordinated liabilities | |||||||||||
Disclosure of detailed information about borrowings [line items] | |||||||||||
Notional contract amount | 250 | ||||||||||
Various subordinated loans | JPY | Dated subordinated liabilities | |||||||||||
Disclosure of detailed information about borrowings [line items] | |||||||||||
Notional contract amount | ¥ | ¥ 252,600 | ||||||||||
Various subordinated loans | AUD | Dated subordinated liabilities | |||||||||||
Disclosure of detailed information about borrowings [line items] | |||||||||||
Notional contract amount | $ | $ 2,315 | ||||||||||
Various subordinated loans | SEK | Dated subordinated liabilities | |||||||||||
Disclosure of detailed information about borrowings [line items] | |||||||||||
Notional contract amount | kr | kr 500 | ||||||||||
Various subordinated loans | NOK | Dated subordinated liabilities | |||||||||||
Disclosure of detailed information about borrowings [line items] | |||||||||||
Notional contract amount | kr | kr 970 | ||||||||||
Various subordinated loans | CAD | Dated subordinated liabilities | |||||||||||
Disclosure of detailed information about borrowings [line items] | |||||||||||
Notional contract amount | $ | $ 450 | ||||||||||
Various subordinated loans | CHF | Dated subordinated liabilities | |||||||||||
Disclosure of detailed information about borrowings [line items] | |||||||||||
Notional contract amount | SFr | SFr 435 | ||||||||||
Various subordinated loans | Floating interest rate | |||||||||||
Disclosure of detailed information about borrowings [line items] | |||||||||||
Dated subordinated liabilities | 677 | 646 | |||||||||
Various subordinated loans | Fixed interest rate | |||||||||||
Disclosure of detailed information about borrowings [line items] | |||||||||||
Dated subordinated liabilities | £ 8,042 | £ 7,184 |
Subordinated liabilities - Summ
Subordinated liabilities - Summary (Details) - GBP (£) £ in Millions | Dec. 31, 2022 | Dec. 31, 2021 |
Subclassifications of assets, liabilities and equities [abstract] | ||
Undated subordinated liabilities | £ 538 | £ 795 |
Dated subordinated liabilities | 38,236 | 31,873 |
Total subordinated liabilities | £ 38,774 | £ 32,668 |
Subordinated liabilities - Unda
Subordinated liabilities - Undated (Details) | Dec. 31, 2022 GBP (£) | Dec. 31, 2022 USD ($) | Dec. 31, 2022 JPY (¥) | Dec. 31, 2021 GBP (£) |
Disclosure of detailed information about borrowings [line items] | ||||
Notional contract amount | £ 52,342,870,000,000 | £ 47,412,915,000,000 | ||
Undated subordinated liabilities | £ 538,000,000 | 795,000,000 | ||
6% Callable Perpetual Core Tier One Notes | Barclays Bank PLC | ||||
Disclosure of detailed information about borrowings [line items] | ||||
Interest rate | 6% | 6% | 6% | |
Undated subordinated liabilities | £ 0 | 15,000,000 | ||
6% Callable Perpetual Core Tier One Notes | Barclays Bank PLC | Floating interest rate | ||||
Disclosure of detailed information about borrowings [line items] | ||||
Interest rate | 6% | 6% | 6% | |
6.86% Callable Perpetual Core Tier One Notes (USD 179m) | Barclays Bank PLC | ||||
Disclosure of detailed information about borrowings [line items] | ||||
Interest rate | 6.86% | 6.86% | 6.86% | |
Notional contract amount | $ | $ 179,000,000 | |||
Undated subordinated liabilities | £ 0 | 194,000,000 | ||
5.3304% Step-up Callable Perpetual Reserve Capital Instruments | Barclays Bank PLC | ||||
Disclosure of detailed information about borrowings [line items] | ||||
Interest rate | 5.3304% | 5.3304% | 5.3304% | |
Undated subordinated liabilities | £ 0 | 51,000,000 | ||
6.125% Undated Subordinated Notes | Barclays Bank PLC | ||||
Disclosure of detailed information about borrowings [line items] | ||||
Interest rate | 6.125% | 6.125% | 6.125% | |
Undated subordinated liabilities | £ 34,000,000 | 39,000,000 | ||
Junior Undated Floating Rate Notes (USD 38m) | Barclays Bank PLC | Floating interest rate | ||||
Disclosure of detailed information about borrowings [line items] | ||||
Notional contract amount | $ | $ 38,000,000 | |||
Undated subordinated liabilities | 32,000,000 | 28,000,000 | ||
Undated Floating Rate Primary Capital Notes Series 1 (USD 167m) | Barclays Bank PLC | Floating interest rate | ||||
Disclosure of detailed information about borrowings [line items] | ||||
Notional contract amount | $ | 167,000,000 | |||
Undated subordinated liabilities | 102,000,000 | 90,000,000 | ||
Undated Floating Rate Primary Capital Notes Series 2 (USD 295m) | Barclays Bank PLC | Floating interest rate | ||||
Disclosure of detailed information about borrowings [line items] | ||||
Notional contract amount | $ | $ 295,000,000 | |||
Undated subordinated liabilities | 210,000,000 | 189,000,000 | ||
Undated Floating Rate Primary Capital Notes Series 3 | Barclays Bank PLC | Floating interest rate | ||||
Disclosure of detailed information about borrowings [line items] | ||||
Undated subordinated liabilities | £ 0 | 21,000,000 | ||
9% Permanent Interest Bearing Capital Bonds (GBP 40m) | Barclays Bank PLC | ||||
Disclosure of detailed information about borrowings [line items] | ||||
Interest rate | 9% | 9% | 9% | |
Notional contract amount | £ 40,000,000 | |||
Undated subordinated liabilities | £ 40,000,000 | 42,000,000 | ||
5.03% Reverse Dual Currency Undated Subordinated Loan (JPY 8,000m) | Barclays Bank PLC | ||||
Disclosure of detailed information about borrowings [line items] | ||||
Interest rate | 5.03% | 5.03% | 5.03% | |
Notional contract amount | ¥ | ¥ 8,000,000,000 | |||
Undated subordinated liabilities | £ 49,000,000 | 51,000,000 | ||
5.0% Reverse Dual Currency Subordinated (JPY 12,000m) | Barclays Bank PLC | ||||
Disclosure of detailed information about borrowings [line items] | ||||
Interest rate | 5% | 5% | 5% | |
Notional contract amount | ¥ | ¥ 12,000,000,000 | |||
Undated subordinated liabilities | £ 71,000,000 | £ 75,000,000 |
Subordinated liabilities - Date
Subordinated liabilities - Dated (Details) | Dec. 31, 2022 GBP (£) | Dec. 31, 2022 USD ($) | Dec. 31, 2022 JPY (¥) | Dec. 31, 2022 EUR (€) | Dec. 31, 2022 SGD ($) | Dec. 31, 2021 GBP (£) |
Disclosure of detailed information about borrowings [line items] | ||||||
Notional contract amount | £ 52,342,870,000,000 | £ 47,412,915,000,000 | ||||
Dated subordinated liabilities | 38,236,000,000 | 31,873,000,000 | ||||
Barclays Bank PLC | ||||||
Disclosure of detailed information about borrowings [line items] | ||||||
Dated subordinated liabilities | 38,236,000,000 | 31,873,000,000 | ||||
Other (outside the UK and US tax groups) | ||||||
Disclosure of detailed information about borrowings [line items] | ||||||
Dated subordinated liabilities | £ 573,000,000 | 311,000,000 | ||||
7.625% Contingent Capital Notes (USD 3,000m) | Barclays Bank PLC | Barclays Bank PLC externally issued | ||||||
Disclosure of detailed information about borrowings [line items] | ||||||
Interest rate | 7.625% | 7.625% | 7.625% | 7.625% | 7.625% | |
Notional contract amount | $ | $ 3,000,000,000 | |||||
Dated subordinated liabilities | £ 0 | 1,159,000,000 | ||||
6.625% Fixed Rate Subordinated Notes (EUR 1,000m) | Fixed interest rate | Barclays Bank PLC | Barclays Bank PLC externally issued | ||||||
Disclosure of detailed information about borrowings [line items] | ||||||
Interest rate | 6.625% | 6.625% | 6.625% | 6.625% | 6.625% | |
Notional contract amount | € | € 1,000,000,000 | |||||
Dated subordinated liabilities | £ 0 | 889,000,000 | ||||
Subordinated Floating Rate Notes (EUR 50m) | Floating interest rate | Barclays Bank PLC | Barclays Bank PLC externally issued | ||||||
Disclosure of detailed information about borrowings [line items] | ||||||
Notional contract amount | € | 50,000,000 | |||||
Dated subordinated liabilities | 0 | 42,000,000 | ||||
Subordinated Floating Rate Notes (EUR 50m) | Floating interest rate | Barclays Bank PLC | Barclays Bank PLC externally issued | ||||||
Disclosure of detailed information about borrowings [line items] | ||||||
Notional contract amount | € | € 50,000,000 | |||||
Dated subordinated liabilities | £ 44,000,000 | 42,000,000 | ||||
5.75% Fixed Rate Subordinated Notes | Fixed interest rate | Barclays Bank PLC | Barclays Bank PLC externally issued | ||||||
Disclosure of detailed information about borrowings [line items] | ||||||
Interest rate | 5.75% | 5.75% | 5.75% | 5.75% | 5.75% | |
Dated subordinated liabilities | £ 280,000,000 | 322,000,000 | ||||
5.4% Reverse Dual Currency Subordinated Loan (JPY 15,000m) | Barclays Bank PLC | Barclays Bank PLC externally issued | ||||||
Disclosure of detailed information about borrowings [line items] | ||||||
Interest rate | 5.40% | 5.40% | 5.40% | 5.40% | 5.40% | |
Notional contract amount | ¥ | ¥ 15,000,000,000 | |||||
Dated subordinated liabilities | £ 93,000,000 | 97,000,000 | ||||
6.33% Subordinated Notes (GBP 50m) | Barclays Bank PLC | Barclays Bank PLC externally issued | ||||||
Disclosure of detailed information about borrowings [line items] | ||||||
Interest rate | 6.33% | 6.33% | 6.33% | 6.33% | 6.33% | |
Notional contract amount | £ 50,000,000 | |||||
Dated subordinated liabilities | 46,000,000 | 59,000,000 | ||||
Subordinated Floating Rate Notes (EUR 68m) | Floating interest rate | Barclays Bank PLC | Barclays Bank PLC externally issued | ||||||
Disclosure of detailed information about borrowings [line items] | ||||||
Notional contract amount | € | € 68,000,000 | |||||
Dated subordinated liabilities | £ 60,000,000 | 57,000,000 | ||||
2% Fixed Rate Subordinated Callable Notes (EUR 1,500) | Fixed interest rate | Barclays Bank PLC | Barclays Bank PLC | ||||||
Disclosure of detailed information about borrowings [line items] | ||||||
Interest rate | 2% | 2% | 2% | 2% | 2% | |
Notional contract amount | € | € 1,500,000,000 | |||||
Dated subordinated liabilities | £ 1,354,000,000 | 1,288,000,000 | ||||
3.75% Fixed Rate Resetting Subordinated Callable Notes (SGD 200m) | Fixed interest rate | Barclays Bank PLC | Barclays Bank PLC | ||||||
Disclosure of detailed information about borrowings [line items] | ||||||
Interest rate | 3.75% | 3.75% | 3.75% | 3.75% | 3.75% | |
Notional contract amount | $ | $ 200,000,000 | |||||
Dated subordinated liabilities | £ 120,000,000 | 113,000,000 | ||||
5.20% Fixed Rate Subordinated Notes (USD 1,367m) | Fixed interest rate | Barclays Bank PLC | Barclays Bank PLC | ||||||
Disclosure of detailed information about borrowings [line items] | ||||||
Interest rate | 5.20% | 5.20% | 5.20% | 5.20% | 5.20% | |
Notional contract amount | $ | $ 1,367,000,000 | |||||
Dated subordinated liabilities | £ 1,051,000,000 | 1,037,000,000 | ||||
1.125% Fixed Rate Resetting Subordinated Callable Notes (EUR 1,000m) | Fixed interest rate | Barclays Bank PLC | Barclays Bank PLC | ||||||
Disclosure of detailed information about borrowings [line items] | ||||||
Interest rate | 1.125% | 1.125% | 1.125% | 1.125% | 1.125% | |
Notional contract amount | € | € 1,000,000,000 | |||||
Dated subordinated liabilities | £ 794,000,000 | 831,000,000 | ||||
4.836% Fixed Rate Subordinated Callable Notes (USD 1,200m) | Fixed interest rate | Barclays Bank PLC | Barclays Bank PLC | ||||||
Disclosure of detailed information about borrowings [line items] | ||||||
Interest rate | 4.836% | 4.836% | 4.836% | 4.836% | 4.836% | |
Notional contract amount | $ | $ 1,200,000,000 | |||||
Dated subordinated liabilities | £ 931,000,000 | 937,000,000 | ||||
8.407% Fixed Rate Resetting Subordinated Callable Loan (GBP 1,000m) | Fixed interest rate | Barclays Bank PLC | Barclays Bank PLC | ||||||
Disclosure of detailed information about borrowings [line items] | ||||||
Interest rate | 8.407% | 8.407% | 8.407% | 8.407% | 8.407% | |
Notional contract amount | $ | $ 1,000,000,000 | |||||
Dated subordinated liabilities | £ 1,009,000,000 | 0 | ||||
5.088% Fixed-to-Floating Rate Subordinated Callable Notes (USD 1,300m) | Fixed-to-Floating Interest Rate | Barclays Bank PLC | Barclays Bank PLC | ||||||
Disclosure of detailed information about borrowings [line items] | ||||||
Interest rate | 5.088% | 5.088% | 5.088% | 5.088% | 5.088% | |
Notional contract amount | $ | $ 1,300,000,000 | |||||
Dated subordinated liabilities | £ 966,000,000 | 1,005,000,000 | ||||
7.437% Fixed Rate Resetting Subordinated Callable Notes (USD 2,000m) | Fixed-to-Floating Interest Rate | Barclays Bank PLC | Barclays Bank PLC | ||||||
Disclosure of detailed information about borrowings [line items] | ||||||
Interest rate | 7.437% | 7.437% | 7.437% | 7.437% | 7.437% | |
Notional contract amount | $ | $ 2,000,000,000 | |||||
Dated subordinated liabilities | £ 1,689,000,000 | 0 | ||||
5.262% Fixed Rate Resetting Subordinated Callable Notes (EUR 1,250m) | Fixed-to-Floating Interest Rate | Barclays Bank PLC | Barclays Bank PLC | ||||||
Disclosure of detailed information about borrowings [line items] | ||||||
Interest rate | 5.262% | 5.262% | 5.262% | 5.262% | 5.262% | |
Notional contract amount | $ | $ 1,250,000,000 | |||||
Dated subordinated liabilities | £ 1,066,000,000 | 0 | ||||
3.811% Fixed Rate Resetting Subordinated Callable Notes (USD 1,000m) | Fixed interest rate | Barclays Bank PLC | Barclays Bank PLC | ||||||
Disclosure of detailed information about borrowings [line items] | ||||||
Interest rate | 3.811% | 3.811% | 3.811% | 3.811% | 3.811% | |
Notional contract amount | $ | $ 1,000,000,000 | |||||
Dated subordinated liabilities | £ 641,000,000 | 778,000,000 | ||||
5.25% Fixed Rate Subordinated Notes (USD 827m) | Fixed interest rate | Barclays Bank PLC | Barclays Bank PLC | ||||||
Disclosure of detailed information about borrowings [line items] | ||||||
Interest rate | 5.25% | 5.25% | 5.25% | 5.25% | 5.25% | |
Notional contract amount | $ | $ 827,000,000 | |||||
Dated subordinated liabilities | £ 488,000,000 | 618,000,000 | ||||
4.95% Fixed Rate Subordinated Notes (USD 1,250m) | Fixed interest rate | Barclays Bank PLC | Barclays Bank PLC | ||||||
Disclosure of detailed information about borrowings [line items] | ||||||
Interest rate | 4.95% | 4.95% | 4.95% | 4.95% | 4.95% | |
Notional contract amount | $ | $ 1,250,000,000 | |||||
Dated subordinated liabilities | £ 174,000,000 | 896,000,000 | ||||
Floating Rate Subordinated Notes (USD 456m) | Floating interest rate | Barclays Bank PLC | Barclays Bank PLC | ||||||
Disclosure of detailed information about borrowings [line items] | ||||||
Notional contract amount | $ | $ 456,000,000 | |||||
Dated subordinated liabilities | 385,000,000 | 341,000,000 | ||||
Various subordinated loans | ||||||
Disclosure of detailed information about borrowings [line items] | ||||||
Dated subordinated liabilities | 26,472,000,000 | 21,051,000,000 | ||||
Various subordinated loans | Fixed interest rate | ||||||
Disclosure of detailed information about borrowings [line items] | ||||||
Dated subordinated liabilities | 8,042,000,000 | 7,184,000,000 | ||||
Various subordinated loans | Fixed interest rate | Callable | ||||||
Disclosure of detailed information about borrowings [line items] | ||||||
Dated subordinated liabilities | 16,105,000,000 | 11,013,000,000 | ||||
Various subordinated loans | Floating interest rate | ||||||
Disclosure of detailed information about borrowings [line items] | ||||||
Dated subordinated liabilities | 677,000,000 | 646,000,000 | ||||
Various subordinated loans | Floating interest rate | Callable | ||||||
Disclosure of detailed information about borrowings [line items] | ||||||
Dated subordinated liabilities | 1,127,000,000 | 1,725,000,000 | ||||
Zero Coupon Callable Loans | Callable | ||||||
Disclosure of detailed information about borrowings [line items] | ||||||
Dated subordinated liabilities | £ 521,000,000 | £ 483,000,000 |
Ordinary shares, preference s_2
Ordinary shares, preference shares and other equity - Called up share capital, allotted and fully paid and other equity instruments (Details) - GBP (£) £ in Millions | 12 Months Ended | ||
Dec. 31, 2022 | Dec. 31, 2021 | ||
Reconciliation of equity instruments [Roll Forward] | |||
Beginning balance, equity | £ 56,317 | £ 53,710 | |
Ending balance, equity | 58,953 | 56,317 | |
Ordinary share capital | |||
Reconciliation of equity instruments [Roll Forward] | |||
AT1 securities issuance | 0 | ||
AT1 securities redemption | 0 | ||
Preference share capital | |||
Reconciliation of equity instruments [Roll Forward] | |||
AT1 securities issuance | 0 | ||
AT1 securities redemption | 0 | ||
Total share capital | |||
Reconciliation of equity instruments [Roll Forward] | |||
Beginning balance, equity | 2,348 | 2,348 | |
AT1 securities issuance | 0 | ||
Ending balance, equity | 2,348 | 2,348 | |
Total share capital | Ordinary share capital | |||
Reconciliation of equity instruments [Roll Forward] | |||
Beginning balance, equity | 2,342 | 2,342 | |
AT1 securities issuance | 0 | ||
Ending balance, equity | 2,342 | 2,342 | |
Total share capital | Preference share capital | |||
Reconciliation of equity instruments [Roll Forward] | |||
Beginning balance, equity | 6 | 6 | |
AT1 securities issuance | 0 | ||
Ending balance, equity | 6 | 6 | |
Other equity instruments | |||
Reconciliation of equity instruments [Roll Forward] | |||
Beginning balance, equity | [1] | 9,693 | 8,621 |
AT1 securities issuance | 3,134 | 1,072 | |
AT1 securities redemption | (2,136) | ||
Ending balance, equity | [1] | 10,691 | 9,693 |
Called up share capital and share premium | |||
Reconciliation of equity instruments [Roll Forward] | |||
Beginning balance, equity | [1] | 2,348 | 2,348 |
AT1 securities issuance | 0 | ||
AT1 securities redemption | 0 | ||
Ending balance, equity | [1] | £ 2,348 | £ 2,348 |
[1]For further details refer to Note 27. |
Ordinary shares, preference s_3
Ordinary shares, preference shares and other equity - Narrative (Details) € / shares in Units, £ / shares in Units, $ / shares in Units, € in Millions, £ in Millions, $ in Millions | 12 Months Ended | |||||||||||||
Jun. 08, 2005 GBP (£) | Jun. 08, 2005 USD ($) $ / shares shares | Mar. 15, 2005 GBP (£) | Mar. 15, 2005 EUR (€) € / shares shares | Dec. 31, 2022 GBP (£) dummy redemption £ / shares shares | Dec. 31, 2021 GBP (£) dummy redemption shares | Dec. 31, 2020 GBP (£) | Dec. 31, 2022 € / shares | Dec. 31, 2022 $ / shares | Dec. 31, 2021 $ / shares | |||||
Issue of shares and other equity instruments | £ 3,134 | £ 1,072 | £ 1,134 | |||||||||||
Notional contract amount | 52,342,870 | 47,412,915 | ||||||||||||
Total equity | 58,953 | 56,317 | 53,710 | |||||||||||
Ordinary share capital | ||||||||||||||
AT1 securities issuance | 0 | |||||||||||||
4.75% Euro preference shares | ||||||||||||||
Number of shares issued and fully paid | shares | 140,000 | |||||||||||||
Par value (in GPB/ USD per share) | € / shares | € 100 | |||||||||||||
Issue of shares and other equity instruments | £ 966.7 | € 1,383.3 | ||||||||||||
Notional contract amount | € | € 14 | |||||||||||||
Liquidating distributions subject to the ranking of reserve capital instruments | (per share) | € 10,000 | € 10,000 | $ 10,000 | |||||||||||
4.75% Euro preference shares | 3-Month Euribor | ||||||||||||||
Adjustment to interest rate basis | 0.71% | |||||||||||||
4.75% Euro preference shares | One year before reporting year [member] | ||||||||||||||
Adjustment to interest rate basis | 4.75% | |||||||||||||
6.278% US$100 preference shares | ||||||||||||||
Number of shares issued and fully paid | shares | 100,000 | |||||||||||||
Par value (in GPB/ USD per share) | $ / shares | $ 100,000,000 | |||||||||||||
Issue of shares and other equity instruments | £ 548.1 | $ 995.4 | ||||||||||||
Notional contract amount | $ | $ 10 | |||||||||||||
Liquidating distributions subject to the ranking of reserve capital instruments | $ / shares | $ 10,000 | $ 10,000 | ||||||||||||
6.278% US$100 preference shares | Later than 1 year but not later than 18 years | ||||||||||||||
Preference shares interest rate | 6.278% | |||||||||||||
6.278% US$100 preference shares | Later than 18 years | 3-Month LIBOR | ||||||||||||||
Adjustment to interest rate basis | 1.55% | |||||||||||||
Fixed rate resetting contingent convertible securities | ||||||||||||||
AT1 securities issuance | 3,134 | 1,072 | ||||||||||||
Issuance costs | 32 | 11 | ||||||||||||
Total share capital | ||||||||||||||
AT1 securities issuance | 0 | |||||||||||||
Total equity | 2,348 | 2,348 | 2,348 | |||||||||||
Total share capital | Ordinary share capital | ||||||||||||||
AT1 securities issuance | 0 | |||||||||||||
Total equity | 2,342 | 2,342 | 2,342 | |||||||||||
Called up share capital and share premium | ||||||||||||||
AT1 securities issuance | 0 | |||||||||||||
Total equity | [1] | 2,348 | 2,348 | 2,348 | ||||||||||
Other equity instruments | ||||||||||||||
AT1 securities issuance | 3,134 | 1,072 | ||||||||||||
Total equity | [1] | £ 10,691 | £ 9,693 | 8,621 | ||||||||||
AT1 Securities | Fixed rate resetting contingent convertible securities | ||||||||||||||
Number of convertible instruments issued | dummy | 3 | 1 | ||||||||||||
Number of convertible instruments redeemed | redemption | 2 | 0 | ||||||||||||
Notional contract amount | £ 2,136 | |||||||||||||
Barclays Bank PLC | ||||||||||||||
Issue of shares and other equity instruments | 3,134 | £ 1,072 | 3,075 | |||||||||||
Total equity | 52,467 | 52,692 | 51,143 | |||||||||||
Amounts payable, related party transactions | 6,000 | 6,000 | ||||||||||||
Interest paid, classified as financing activities | £ 250 | £ 164 | ||||||||||||
Barclays Bank PLC | Ordinary share capital | ||||||||||||||
Number of shares issued and fully paid | shares | 2,342,000,000 | 2,342,000,000 | ||||||||||||
Par value (in GPB/ USD per share) | £ / shares | £ 1 | |||||||||||||
Barclays Bank PLC | GBP1 preference shares | ||||||||||||||
Number of shares issued and fully paid | shares | 1,000 | |||||||||||||
Par value (in GPB/ USD per share) | £ / shares | £ 1 | |||||||||||||
Barclays Bank PLC | Total share capital | 4.75% Euro preference shares | ||||||||||||||
Number of shares issued and fully paid | shares | 31,856 | 31,856 | ||||||||||||
Par value (in GPB/ USD per share) | € / shares | € 100 | |||||||||||||
Barclays Bank PLC | Total share capital | 6.278% US$100 preference shares | ||||||||||||||
Number of shares issued and fully paid | shares | 58,133 | 58,133 | ||||||||||||
Par value (in GPB/ USD per share) | $ / shares | $ 100 | |||||||||||||
Barclays Bank PLC | Called up share capital and share premium | ||||||||||||||
Total equity | [2] | £ 2,348 | £ 2,348 | 2,348 | ||||||||||
Barclays Bank PLC | Called up share capital and share premium | GBP1 preference shares | ||||||||||||||
Percentage of issued share capital | 100% | 100% | ||||||||||||
Barclays Bank PLC | Other equity instruments | ||||||||||||||
Total equity | [2] | £ 15,398 | [3] | £ 14,400 | [3],[4] | £ 13,328 | [4] | |||||||
[1]For further details refer to Note 27.[2]For further details refer to Note 27.[3] Other equity instruments includes AT1 securities issued by Barclays Bank PLC and borrowings of $6bn from a wholly-owned, indirect subsidiary of Barclays Bank PLC. The borrowings have been recorded as equity since, under their terms, interest payments are non cumulative and discretionary whilst repayment of principal is perpetually deferrable by Barclays Bank PLC. Should Barclays Bank PLC make a discretionary dividend payment on its ordinary shares in the six months preceding the date of an interest payment, it will be obliged to make that interest payment. In 2022, interest paid on these borrowings was £250m. |
Ordinary shares, preference s_4
Ordinary shares, preference shares and other equity - AT1 Equity instruments (Details) £ in Millions, $ in Millions | Dec. 31, 2022 GBP (£) | Dec. 31, 2022 USD ($) | Dec. 31, 2021 GBP (£) |
Notional contract amount | £ 52,342,870 | £ 47,412,915 | |
Total AT1 equity instruments | 10,691 | 9,693 | |
Barclays Bank PLC | |||
Total AT1 equity instruments | 15,398 | 14,400 | |
AT1 equity instruments | Fixed interest rate | Barclays Bank PLC | |||
Total AT1 equity instruments | £ 10,691 | 9,693 | |
AT1 equity instruments | 7.875% Perpetual Subordinated Contingent Convertible Securities | Fixed interest rate | Barclays Bank PLC | |||
Interest rate | 7.875% | 7.875% | |
Total AT1 equity instruments | £ 0 | 1,000 | |
AT1 equity instruments | 7.875% Perpetual Subordinated Contingent Convertible Securities (USD 1,500m) | Fixed interest rate | Barclays Bank PLC | |||
Interest rate | 7.875% | 7.875% | |
Notional contract amount | $ | $ 1,500 | ||
Total AT1 equity instruments | £ 0 | 1,136 | |
AT1 equity instruments | 7.25% Perpetual Subordinated Contingent Convertible Securities | Fixed interest rate | Barclays Bank PLC | |||
Interest rate | 7.25% | 7.25% | |
Total AT1 equity instruments | £ 500 | 500 | |
AT1 equity instruments | 7.75% Perpetual Subordinated Contingent Convertible Securities (USD 2,500m) | Fixed interest rate | Barclays Bank PLC | |||
Interest rate | 7.75% | 7.75% | |
Notional contract amount | $ | $ 2,500 | ||
Total AT1 equity instruments | £ 1,925 | 1,925 | |
AT1 equity instruments | 5.875% Perpetual Subordinated Contingent Convertible Securities | Fixed interest rate | Barclays Bank PLC | |||
Interest rate | 5.875% | 5.875% | |
Total AT1 equity instruments | £ 623 | 623 | |
AT1 equity instruments | 8% Perpetual Subordinated Contingent Convertible Securities (USD 2,000m) | Fixed interest rate | Barclays Bank PLC | |||
Interest rate | 8% | 8% | |
Notional contract amount | $ | $ 2,000 | ||
Total AT1 equity instruments | £ 1,509 | 1,509 | |
AT1 equity instruments | 7.125% Perpetual Subordinated Contingent Convertible Securities | Fixed interest rate | Barclays Bank PLC | |||
Interest rate | 7.125% | 7.125% | |
Total AT1 equity instruments | £ 299 | 299 | |
AT1 equity instruments | 6.375% Perpetual Subordinated Contingent Convertible Securities | Fixed interest rate | Barclays Bank PLC | |||
Interest rate | 6.375% | 6.375% | |
Total AT1 equity instruments | £ 495 | 495 | |
AT1 equity instruments | 6.125% Perpetual Subordinated Contingent Convertible Securities (USD 1,500m) | Fixed interest rate | Barclays Bank PLC | |||
Interest rate | 6.125% | 6.125% | |
Notional contract amount | $ | $ 1,500 | ||
Total AT1 equity instruments | £ 1,134 | 1,134 | |
AT1 equity instruments | 4.375% Perpetual Subordinated Contingent Convertible Securities (USD 1,500m) | Fixed interest rate | Barclays Bank PLC | |||
Interest rate | 4.375% | 4.375% | |
Notional contract amount | $ | $ 1,500 | ||
Total AT1 equity instruments | £ 1,072 | 1,072 | |
AT1 equity instruments | 8.300% Perpetual Subordinated Contingent Convertible Securities (SGD450m) | Fixed interest rate | Barclays Bank PLC | |||
Interest rate | 8.30% | 8.30% | |
Notional contract amount | $ | $ 450 | ||
Total AT1 equity instruments | £ 263 | 0 | |
AT1 equity instruments | 8.875% Perpetual Subordinated Contingent Convertible Securities | Fixed interest rate | Barclays Bank PLC | |||
Interest rate | 8.875% | 8.875% | |
Total AT1 equity instruments | £ 1,237 | 0 | |
AT1 equity instruments | 8.000% Perpetual Subordinated Contingent Convertible Securities (USD2,000 m) | Fixed interest rate | Barclays Bank PLC | |||
Interest rate | 8% | 8% | |
Notional contract amount | $ | $ 2,000 | ||
Total AT1 equity instruments | £ 1,634 | £ 0 |
Reserves (Details)
Reserves (Details) - GBP (£) £ in Millions | Dec. 31, 2022 | Dec. 31, 2021 |
Disclosure of reserves within equity [line items] | ||
Total Reserves | £ (1,464) | £ 861 |
Currency translation reserve | ||
Disclosure of reserves within equity [line items] | ||
Total Reserves | 4,992 | 2,581 |
Fair value through other comprehensive income reserve | ||
Disclosure of reserves within equity [line items] | ||
Total Reserves | (1,342) | (118) |
Cash flow hedging reserve | ||
Disclosure of reserves within equity [line items] | ||
Total Reserves | (5,557) | (618) |
Own credit reserve | ||
Disclosure of reserves within equity [line items] | ||
Total Reserves | 467 | (960) |
Other reserves | ||
Disclosure of reserves within equity [line items] | ||
Total Reserves | £ (24) | £ (24) |
Staff costs (Details)
Staff costs (Details) - GBP (£) £ in Millions | 12 Months Ended | ||
Dec. 31, 2022 | Dec. 31, 2021 | Dec. 31, 2020 | |
Compensation costs | |||
Performance costs | £ 1,398 | £ 1,308 | £ 1,145 |
Salaries | 2,637 | 2,245 | 2,285 |
Social security costs | 352 | 297 | 295 |
Post-retirement benefits | 188 | 181 | 176 |
Other compensation costs | 205 | 172 | 208 |
Total compensation costs | 4,780 | 4,203 | 4,109 |
Other resourcing costs | |||
Outsourcing | 259 | 136 | 142 |
Redundancy and restructuring | 45 | 49 | 47 |
Temporary staff costs | 25 | 17 | 14 |
Other | 83 | 51 | 53 |
Total other resourcing costs | 412 | 253 | 256 |
Total staff costs | 5,192 | 4,456 | 4,365 |
Defined contribution schemes | |||
Compensation costs | |||
Post-retirement benefits | 140 | 121 | 127 |
Pension defined benefit plans | |||
Compensation costs | |||
Post-retirement benefits | 48 | 60 | 49 |
Software | Internally generated | |||
Compensation costs | |||
Salaries | £ 197 | £ 152 | £ 156 |
Share-based payments - Share ba
Share-based payments - Share based payments (Details) - GBP (£) £ in Millions | 12 Months Ended | ||
Dec. 31, 2022 | Dec. 31, 2021 | Dec. 31, 2020 | |
Disclosure of terms and conditions of share-based payment arrangement [line items] | |||
Total equity settled | £ 423 | £ 394 | £ 349 |
Cash settled | 3 | 4 | 2 |
Total share based payments | 426 | 398 | 351 |
Deferred Share Value Plan / Share Value Plan | |||
Disclosure of terms and conditions of share-based payment arrangement [line items] | |||
Total equity settled | 270 | 235 | 220 |
Others | |||
Disclosure of terms and conditions of share-based payment arrangement [line items] | |||
Total equity settled | £ 153 | £ 159 | £ 129 |
Share-based payments - Share op
Share-based payments - Share options and awards (Details) £ / shares in Units, shares in Thousands | 12 Months Ended | ||
Dec. 31, 2022 GBP (£) shares £ / shares | Dec. 31, 2021 GBP (£) shares £ / shares | Dec. 31, 2020 shares | |
DSVP / SVP | |||
Disclosure of terms and conditions of share-based payment arrangement [line items] | |||
Weighted average fair value per award granted in year | £ | £ 1.43 | £ 1.63 | |
Weighted average share price at exercise/ release during year | £ / shares | £ 1.61 | £ 1.76 | |
Weighted average remaining contractual life in years | 1 year | 1 year | |
Number of options/ awards outstanding (000s) | 445,673 | 370,505 | 370,006 |
Others | |||
Disclosure of terms and conditions of share-based payment arrangement [line items] | |||
Number of options/ awards outstanding (000s) | 47,610 | 47,480 | 53,767 |
Others | Bottom of range | |||
Disclosure of terms and conditions of share-based payment arrangement [line items] | |||
Weighted average fair value per award granted in year | £ | £ 0.38 | £ 0.64 | |
Weighted average share price at exercise/ release during year | £ / shares | £ 1.59 | £ 1.76 | |
Weighted average remaining contractual life in years | 0 years | 0 years | |
Others | Top of range | |||
Disclosure of terms and conditions of share-based payment arrangement [line items] | |||
Weighted average fair value per award granted in year | £ | £ 1.65 | £ 1.81 | |
Weighted average share price at exercise/ release during year | £ / shares | £ 1.7 | £ 1.92 | |
Weighted average remaining contractual life in years | 2 years | 3 years |
Share-based payments (Narrative
Share-based payments (Narrative) (Details) £ in Millions | 12 Months Ended | |
Dec. 31, 2022 GBP (£) year shares | Dec. 31, 2021 GBP (£) shares | |
Disclosure of terms and conditions of share-based payment arrangement [line items] | ||
Total liability arising from cash-settled share-based payments transactions | £ | £ 5 | £ 4 |
Sharesave | ||
Disclosure of terms and conditions of share-based payment arrangement [line items] | ||
Number of options exercisable | shares | 2,312,749 | |
Sharesave | Bottom of range | ||
Disclosure of terms and conditions of share-based payment arrangement [line items] | ||
Contractual life | year | 3 | |
Expected volatility | 31.10% | |
Risk free interest rates | 4.28% | |
Pure dividend yield rates | 4.01% | |
Repo rates | (0.47%) | |
Sharesave | Top of range | ||
Disclosure of terms and conditions of share-based payment arrangement [line items] | ||
Contractual life | year | 5 | |
Expected volatility | 30.56% | |
Risk free interest rates | 4.05% | |
Pure dividend yield rates | 3.93% | |
Repo rates | (0.63%) | |
Deferred Share Value Plan / Share Value Plan | ||
Disclosure of terms and conditions of share-based payment arrangement [line items] | ||
Number of options exercisable | shares | 0 | 0 |
Share-based payments - Movement
Share-based payments - Movements in option and award plans (Details) | 12 Months Ended | |
Dec. 31, 2022 shares £ / shares | Dec. 31, 2021 £ / shares shares | |
DSVP / SVP | ||
Reconciliation of options and award plans [Roll Forward] | ||
Outstanding at beginning of year/acquisition date, Number of options | 370,505,000 | 370,006,000 |
Transfers in the year, number of options | (3,742,000) | (2,214,000) |
Granted in the year, number of options | 264,257,000 | 174,338,000 |
Exercised/released in the year, number of options | (162,958,000) | (144,943,000) |
Less: forfeited in the year, number of options | (22,389,000) | (26,682,000) |
Less: expired in the year, number of options | 0 | 0 |
Outstanding at end of year, Number of options | 445,673,000 | 370,505,000 |
Of which exercisable, number of options | 0 | 0 |
Reconciliation of share price of options and award plans [Roll Forward] | ||
Outstanding at beginning of year/acquisition date, Weighted average | £ / shares | £ 1.76 | |
Outstanding at end of year, Weighted average exercise price | £ / shares | £ 1.61 | £ 1.76 |
Others | ||
Reconciliation of options and award plans [Roll Forward] | ||
Outstanding at beginning of year/acquisition date, Number of options | 47,480,000 | 53,767,000 |
Transfers in the year, number of options | 2,048,000 | (2,697,000) |
Granted in the year, number of options | 93,160,000 | 79,050,000 |
Exercised/released in the year, number of options | (90,696,000) | (78,273,000) |
Less: forfeited in the year, number of options | (4,017,000) | (3,395,000) |
Less: expired in the year, number of options | (365,000) | (972,000) |
Outstanding at end of year, Number of options | 47,610,000 | 47,480,000 |
Of which exercisable, number of options | 5,541,000 | 4,428,000 |
Sharesave | ||
Reconciliation of options and award plans [Roll Forward] | ||
Transfers in the year, number of options | 0 | 0 |
Of which exercisable, number of options | 2,312,749 | |
Reconciliation of share price of options and award plans [Roll Forward] | ||
Outstanding at beginning of year/acquisition date, Weighted average | £ / shares | £ 0.95 | £ 0.95 |
Granted in the year, weighted average exercise price | £ / shares | 1.33 | 1.43 |
Exercised/released in the year, weighted average exercise price | £ / shares | 1.18 | 1.36 |
Less: forfeited in the year, weighted average exercise price | £ / shares | 0.99 | 0.95 |
Less: expired in the year, weighted average exercise price | £ / shares | 1.19 | 1.69 |
Outstanding at end of year, Weighted average exercise price | £ / shares | 0.97 | 0.95 |
Of which exercisable, weighted average exercise price | £ / shares | £ 1.21 | £ 1.16 |
Pensions and post-retirement _2
Pensions and post-retirement benefits - Narrative (Details) £ in Millions, $ in Millions | 12 Months Ended | ||||||||
Jun. 12, 2020 GBP (£) | Dec. 31, 2022 GBP (£) director tranche | Dec. 31, 2022 USD ($) tranche | Dec. 31, 2021 GBP (£) | Dec. 31, 2020 GBP (£) | Dec. 31, 2019 GBP (£) | Dec. 31, 2022 USD ($) director | Sep. 30, 2022 GBP (£) | Sep. 30, 2021 GBP (£) | |
Disclosure of net defined benefit liability (asset) [line items] | |||||||||
Current service cost | £ 28 | £ 58 | |||||||
Reduction in assets and defined benefit obligation | (74) | 34 | |||||||
Funding surplus | 4,559 | 3,633 | |||||||
Notional contract amount | 52,342,870 | 47,412,915 | |||||||
Proceeds from sale or redemption of financial assets at fair value through other comprehensive income | 42,157 | 47,601 | £ 53,367 | ||||||
Past service cost | 20 | 0 | |||||||
Retirement benefit obligations | |||||||||
Disclosure of net defined benefit liability (asset) [line items] | |||||||||
Current service cost | 209 | 240 | |||||||
Past service cost | £ 20 | £ 0 | |||||||
Fair value of plan assets | |||||||||
Disclosure of net defined benefit liability (asset) [line items] | |||||||||
% of total fair value of scheme assets | 10,000% | 10,000% | 10,000% | ||||||
Contracts value | £ 25,360 | £ 35,467 | |||||||
Fair value of plan assets | Investment funds and trusts | |||||||||
Disclosure of net defined benefit liability (asset) [line items] | |||||||||
% of total fair value of scheme assets | 0% | 0% | 0% | ||||||
Fair value of plan assets | Other | |||||||||
Disclosure of net defined benefit liability (asset) [line items] | |||||||||
% of total fair value of scheme assets | 20% | 20% | 20% | ||||||
Barclays Bank PLC | |||||||||
Disclosure of net defined benefit liability (asset) [line items] | |||||||||
Proceeds from sale or redemption of financial assets at fair value through other comprehensive income | £ 35,066 | £ 41,544 | 47,254 | ||||||
Barclays Bank PLC | Fair value of plan assets | |||||||||
Disclosure of net defined benefit liability (asset) [line items] | |||||||||
Equity instruments, amount contributed to fair value of plan assets | 0 | 0 | |||||||
Bonds | £ 0 | 0 | |||||||
Director | |||||||||
Disclosure of net defined benefit liability (asset) [line items] | |||||||||
Number of directors on trustee board | director | 6 | 6 | |||||||
Independent director | |||||||||
Disclosure of net defined benefit liability (asset) [line items] | |||||||||
Number of directors on trustee board | director | 3 | 3 | |||||||
Member nominated director | |||||||||
Disclosure of net defined benefit liability (asset) [line items] | |||||||||
Number of directors on trustee board | director | 3 | 3 | |||||||
UK | The senior notes | Total loans and advances at amortised cost | |||||||||
Disclosure of net defined benefit liability (asset) [line items] | |||||||||
Notional contract amount | £ 1,250 | $ 1,250 | |||||||
Maturity period | 5 years | 5 years | |||||||
Number of Tranches | tranche | 3 | 3 | |||||||
UK | The senior notes | Total loans and advances at amortised cost | Heron Issuer Limited | |||||||||
Disclosure of net defined benefit liability (asset) [line items] | |||||||||
Notional contract amount | £ 500 | 1,500 | |||||||
UK | The senior notes | Total loans and advances at amortised cost | Heron Issuer Number 2 Limited | |||||||||
Disclosure of net defined benefit liability (asset) [line items] | |||||||||
Notional contract amount | 750 | $ 250 | |||||||
UK | Over one year but not more than two years | The senior notes | Total loans and advances at amortised cost | |||||||||
Disclosure of net defined benefit liability (asset) [line items] | |||||||||
Proceeds from sale or redemption of financial assets at fair value through other comprehensive income | $ | $ 250 | ||||||||
UK | Two to three years | The senior notes | Total loans and advances at amortised cost | |||||||||
Disclosure of net defined benefit liability (asset) [line items] | |||||||||
Proceeds from sale or redemption of financial assets at fair value through other comprehensive income | $ | 750 | ||||||||
UK | Three to four years | The senior notes | Total loans and advances at amortised cost | |||||||||
Disclosure of net defined benefit liability (asset) [line items] | |||||||||
Proceeds from sale or redemption of financial assets at fair value through other comprehensive income | $ | $ 250 | ||||||||
UKRF | UK | |||||||||
Disclosure of net defined benefit liability (asset) [line items] | |||||||||
Current service cost | 209 | ||||||||
UKRF | UK | Barclays Bank UK PLC | |||||||||
Disclosure of net defined benefit liability (asset) [line items] | |||||||||
Current service cost | 47 | ||||||||
UKRF | UK | Barclays Execution Services | |||||||||
Disclosure of net defined benefit liability (asset) [line items] | |||||||||
Current service cost | 134 | ||||||||
Section 75 Contribution Plan | |||||||||
Disclosure of net defined benefit liability (asset) [line items] | |||||||||
Past service cost | 0 | 0 | |||||||
Pension defined benefit plans | Foreign countries | Retirement benefit obligations | |||||||||
Disclosure of net defined benefit liability (asset) [line items] | |||||||||
Defined benefit obligation, at present value | £ 690 | £ 821 | |||||||
Pension defined benefit plans | UKRF | UK | |||||||||
Disclosure of net defined benefit liability (asset) [line items] | |||||||||
Scheme as a percentage of total retirement benefit obligations | 96% | 97% | 96% | ||||||
Retirement benefit assets | £ 4,690 | £ 3,819 | |||||||
Benefits paid | 1,299 | 1,268 | |||||||
Transfers out of the fund and contribution refunds | £ 390 | £ 419 | |||||||
% of total fair value of scheme assets | 100% | 10,000% | 100% | ||||||
Funding surplus | £ 4,690 | £ 3,819 | |||||||
Deficit reduction contribution | 294 | 1,000 | £ 286 | ||||||
Estimate of contributions expected to be paid to plan for next annual reporting period | 38 | 352 | |||||||
Contracts value | £ 24,680 | £ 34,678 | |||||||
Pension defined benefit plans | UKRF | UK | 30 September 2020 valuation | |||||||||
Disclosure of net defined benefit liability (asset) [line items] | |||||||||
Funding surplus | £ 2,000 | ||||||||
Pension defined benefit plans | UKRF | UK | Deficit contributions valuation recovery plan 2019 [member] | |||||||||
Disclosure of net defined benefit liability (asset) [line items] | |||||||||
Funding surplus | £ (600) | ||||||||
Pension defined benefit plans | UKRF | UK | Investment funds and trusts | |||||||||
Disclosure of net defined benefit liability (asset) [line items] | |||||||||
% of total fair value of scheme assets | 0% | 0% | 0% | ||||||
Pension defined benefit plans | UKRF | UK | Other | |||||||||
Disclosure of net defined benefit liability (asset) [line items] | |||||||||
% of total fair value of scheme assets | 0% | 0% | 0% | ||||||
Pension defined benefit plans | UKRF | UK | Swaps | |||||||||
Disclosure of net defined benefit liability (asset) [line items] | |||||||||
Retirement benefit assets | £ 5,000 | ||||||||
Pension defined benefit plans | UKRF | UK | Longevity reinsurance contracts | |||||||||
Disclosure of net defined benefit liability (asset) [line items] | |||||||||
Retirement benefit assets | £ 7,000 | ||||||||
Contracts value | £ 123 | £ 0 | |||||||
Pension defined benefit plans | UKRF | UK | Key UKRF financial assumptions | |||||||||
Disclosure of net defined benefit liability (asset) [line items] | |||||||||
Assumption For Future Inflation Increase (Decrease) | 0.20% | 0.20% | |||||||
Future mortality improvement percentage | 1.25% | 1.50% | 1.25% | ||||||
Pension defined benefit plans | UKRF | UK | Retirement benefit obligations | |||||||||
Disclosure of net defined benefit liability (asset) [line items] | |||||||||
Current service cost | £ 197 | £ 225 | |||||||
Reduction in assets and defined benefit obligation | £ (11,000) | ||||||||
Weighted average duration of the benefit payments reflected in defined benefit obligation, UKRF | 13 years | 13 years | 16 years | ||||||
Past service cost | £ 20 | £ 0 | |||||||
Pension defined benefit plans | UKRF | UK | Retirement benefit obligations | Within 10 years | |||||||||
Disclosure of net defined benefit liability (asset) [line items] | |||||||||
Percentage of benefits are expected to be paid | 30% | 30% | |||||||
Pension defined benefit plans | UKRF | UK | Retirement benefit obligations | In years 11 to 20 | |||||||||
Disclosure of net defined benefit liability (asset) [line items] | |||||||||
Percentage of benefits are expected to be paid | 30% | 30% | |||||||
Pension defined benefit plans | UKRF | UK | Retirement benefit obligations | In years 20 to 30 | |||||||||
Disclosure of net defined benefit liability (asset) [line items] | |||||||||
Percentage of benefits are expected to be paid | 25% | 25% | |||||||
Pension defined benefit plans | UKRF | UK | Fair value of plan assets | |||||||||
Disclosure of net defined benefit liability (asset) [line items] | |||||||||
Reduction in assets and defined benefit obligation | £ 10,000 | ||||||||
% fair value of scheme assets invested in liability driven investment strategies | 34% | 34% | |||||||
Pension defined benefit plans | UKRF | UK | Barclays Bank PLC | |||||||||
Disclosure of net defined benefit liability (asset) [line items] | |||||||||
Maximum funding deficit secured by collateral pool | £ 9,000 | ||||||||
Pension defined benefit plans | UKRF | UK | Barclays Bank PLC | Bottom of range | |||||||||
Disclosure of net defined benefit liability (asset) [line items] | |||||||||
Percentage of funding deficit secured by collateral pool | 100% | 100% | |||||||
Pension defined benefit plans | UKRF | UK | Barclays Bank PLC | The senior notes | Heron Issuer Limited | |||||||||
Disclosure of net defined benefit liability (asset) [line items] | |||||||||
Regulatory capital impact | £ 294 | ||||||||
Post-employment medical defined benefit plans | Other | Retirement benefit obligations | |||||||||
Disclosure of net defined benefit liability (asset) [line items] | |||||||||
Defined benefit obligation, at present value | £ 121 | 154 | |||||||
Defined contribution schemes | UKRF | UK | |||||||||
Disclosure of net defined benefit liability (asset) [line items] | |||||||||
Estimate of contributions expected to be paid to plan for next annual reporting period | 32 | 6 | |||||||
Defined contribution schemes | BPSP | UK | |||||||||
Disclosure of net defined benefit liability (asset) [line items] | |||||||||
Estimate of contributions expected to be paid to plan for next annual reporting period | £ 243 | £ 42 |
Pensions and post-retirement _3
Pensions and post-retirement benefits - Income statement charge (Details) - GBP (£) £ in Millions | 12 Months Ended | |
Dec. 31, 2022 | Dec. 31, 2021 | |
Disclosure of defined benefit plans [abstract] | ||
Current service cost | £ 28 | £ 58 |
Net finance (income)/cost | (122) | (26) |
Past service cost | 20 | 0 |
Other movements | 0 | 2 |
Total | £ (74) | £ 34 |
Pensions and post-retirement _4
Pensions and post-retirement benefits - Balance sheet reconciliation (Details) £ in Millions, $ in Millions | 12 Months Ended | ||
Dec. 31, 2022 GBP (£) | Dec. 31, 2022 USD ($) | Dec. 31, 2021 GBP (£) | |
Reconciliation of changes in net assets available for benefits [abstract] | |||
Net defined benefit liability (asset), beginning of period | £ 3,633 | ||
Current service cost | (28) | £ (58) | |
Interest costs or income on scheme liabilities or assets | 122 | 26 | |
Past service cost | (20) | 0 | |
Net defined benefit liability (asset), end of period | 4,559 | 3,633 | |
Net surplus | 4,559 | 3,633 | |
Retirement benefit assets | 4,743 | 3,879 | |
Retirement benefit liabilities | (184) | (246) | |
UKRF | UK | |||
Reconciliation of changes in net assets available for benefits [abstract] | |||
Current service cost | (209) | ||
UKRF | UK | Pension defined benefit plans | |||
Reconciliation of changes in net assets available for benefits [abstract] | |||
Net defined benefit liability (asset), beginning of period | 3,819 | ||
Net defined benefit liability (asset), end of period | 4,690 | 3,819 | |
Net surplus | 4,690 | 3,819 | |
Retirement benefit assets | 4,690 | 3,819 | |
Retirement benefit liabilities | 0 | 0 | |
Defined benefit obligations | |||
Reconciliation of changes in net assets available for benefits [abstract] | |||
Net defined benefit liability (asset), beginning of period | (31,834) | $ (31,834) | (33,131) |
Current service cost | (209) | (240) | |
Interest costs or income on scheme liabilities or assets | (725) | (422) | |
Past service cost | (20) | 0 | |
Remeasurement gain/(loss) - financial | 10,995 | 849 | |
Remeasurement gain/(loss) - demographic | 268 | 53 | |
Remeasurement (loss)/gain - experience | (521) | (249) | |
Employee contributions | (4) | (4) | |
Benefits paid | 1,339 | 1,309 | |
Exchange and other movements | (90) | 1 | |
Net defined benefit liability (asset), end of period | (20,801) | (31,834) | |
Defined benefit obligations | UKRF | UK | Pension defined benefit plans | |||
Reconciliation of changes in net assets available for benefits [abstract] | |||
Net defined benefit liability (asset), beginning of period | (30,859) | (32,108) | |
Current service cost | (197) | (225) | |
Interest costs or income on scheme liabilities or assets | (707) | (405) | |
Past service cost | (20) | 0 | |
Remeasurement gain/(loss) - financial | 10,734 | 820 | |
Remeasurement gain/(loss) - demographic | 270 | 50 | |
Remeasurement (loss)/gain - experience | (510) | (259) | |
Employee contributions | 0 | 0 | |
Benefits paid | 1,299 | 1,268 | |
Exchange and other movements | 0 | 0 | |
Net defined benefit liability (asset), end of period | (19,990) | (30,859) | |
Fair value of plan assets | |||
Reconciliation of changes in net assets available for benefits [abstract] | |||
Net defined benefit liability (asset), beginning of period | 35,467 | 34,713 | |
Interest costs or income on scheme liabilities or assets | 847 | 448 | |
Employer contribution | 1,807 | 971 | |
Remeasurement - return on plan assets (less)/greater than discount rate | (11,510) | 653 | |
Employee contributions | 4 | 4 | |
Benefits paid | (1,339) | (1,309) | |
Exchange and other movements | 84 | (13) | |
Net defined benefit liability (asset), end of period | 25,360 | 35,467 | |
Fair value of plan assets | UKRF | UK | Pension defined benefit plans | |||
Reconciliation of changes in net assets available for benefits [abstract] | |||
Net defined benefit liability (asset), beginning of period | 34,678 | 33,915 | |
Interest costs or income on scheme liabilities or assets | 829 | 434 | |
Employer contribution | 1,785 | 955 | |
Remeasurement - return on plan assets (less)/greater than discount rate | (11,313) | 642 | |
Employee contributions | 0 | 0 | |
Benefits paid | (1,299) | (1,268) | |
Exchange and other movements | 0 | 0 | |
Net defined benefit liability (asset), end of period | £ 24,680 | £ 34,678 |
Pensions and post-retirement _5
Pensions and post-retirement benefits - Actuarial valuation of schemes (Details) - UKRF - UK - Pension defined benefit plans - GBP (£) £ in Billions | 12 Months Ended | ||
Dec. 31, 2022 | Dec. 31, 2021 | Dec. 31, 2020 | |
Key UKRF financial assumptions | |||
Disclosure of sensitivity analysis for actuarial assumptions [line items] | |||
Discount rate | 4.80% | 1.84% | |
Inflation rate (RPI) | 3.21% | 3.56% | |
Life expectancy at 60 for current pensioners, males | |||
Disclosure of sensitivity analysis for actuarial assumptions [line items] | |||
Assumed life expectancy at 60 | 26 years 9 months 18 days | 27 years 3 months 18 days | 27 years 2 months 12 days |
Life expectancy at 60 for current pensioners, females | |||
Disclosure of sensitivity analysis for actuarial assumptions [line items] | |||
Assumed life expectancy at 60 | 29 years 6 months | 29 years 7 months 6 days | 29 years 4 months 24 days |
Life expectancy at 60 for future pensioners at 40 years, males | |||
Disclosure of sensitivity analysis for actuarial assumptions [line items] | |||
Assumed life expectancy at 60 | 28 years 3 months 18 days | 29 years 1 month 6 days | 29 years |
Life expectancy at 60 for future pensioners at 40 years, females | |||
Disclosure of sensitivity analysis for actuarial assumptions [line items] | |||
Assumed life expectancy at 60 | 31 years | 31 years 4 months 24 days | 31 years 2 months 12 days |
0.5% change in discount rate per annum | |||
Disclosure of sensitivity analysis for actuarial assumptions [line items] | |||
(Decrease)/Increase in UKRF defined benefit obligations, due to increase in actuarial assumption | £ (1.1) | £ (2.3) | |
(Decrease)/Increase in UKRF defined benefit obligations, due to decrease in actuarial assumption | 1.2 | 2.6 | |
0.25% change in discount rate per annum | |||
Disclosure of sensitivity analysis for actuarial assumptions [line items] | |||
(Decrease)/Increase in UKRF defined benefit obligations, due to increase in actuarial assumption | (0.6) | (1.2) | |
(Decrease)/Increase in UKRF defined benefit obligations, due to decrease in actuarial assumption | 0.6 | 1.3 | |
0.5% change in RPI per annum | |||
Disclosure of sensitivity analysis for actuarial assumptions [line items] | |||
(Decrease)/Increase in UKRF defined benefit obligations, due to increase in actuarial assumption | 0.8 | 1.6 | |
(Decrease)/Increase in UKRF defined benefit obligations, due to decrease in actuarial assumption | (0.8) | (1.6) | |
0.25% change in RPI per annum | |||
Disclosure of sensitivity analysis for actuarial assumptions [line items] | |||
(Decrease)/Increase in UKRF defined benefit obligations, due to increase in actuarial assumption | 0.4 | 0.8 | |
(Decrease)/Increase in UKRF defined benefit obligations, due to decrease in actuarial assumption | (0.4) | (0.8) | |
Change in life expectancy by one year | |||
Disclosure of sensitivity analysis for actuarial assumptions [line items] | |||
(Decrease)/Increase in UKRF defined benefit obligations, due to increase in actuarial assumption | 0.6 | 1.2 | |
(Decrease)/Increase in UKRF defined benefit obligations, due to decrease in actuarial assumption | £ (0.5) | £ (1.2) |
Pensions and post-retirement _6
Pensions and post-retirement benefits - Analysis of scheme assets (Details) - GBP (£) £ in Millions | Dec. 31, 2022 | Dec. 31, 2021 |
Fair value of plan assets | ||
Disclosure of fair value of plan assets [line items] | ||
Fair value of scheme assets | £ 25,360 | £ 35,467 |
% of total fair value of scheme assets | 10,000% | 10,000% |
Equities | Fair value of plan assets | ||
Disclosure of fair value of plan assets [line items] | ||
Equities | £ 113 | £ 294 |
% of total fair value of scheme assets | 50% | 80% |
Private equities | Fair value of plan assets | ||
Disclosure of fair value of plan assets [line items] | ||
Equities | £ 2,734 | £ 3,113 |
% of total fair value of scheme assets | 1,080% | 880% |
Bonds - fixed government | Fair value of plan assets | ||
Disclosure of fair value of plan assets [line items] | ||
Bonds | £ 1,353 | £ 2,545 |
% of total fair value of scheme assets | 530% | 720% |
Bonds - index-linked government | Fair value of plan assets | ||
Disclosure of fair value of plan assets [line items] | ||
Bonds | £ 9,847 | £ 15,375 |
% of total fair value of scheme assets | 3,890% | 4,350% |
Bonds - corporate and other | Fair value of plan assets | ||
Disclosure of fair value of plan assets [line items] | ||
Bonds | £ 7,435 | £ 8,949 |
% of total fair value of scheme assets | 2,930% | 2,520% |
Property | Fair value of plan assets | ||
Disclosure of fair value of plan assets [line items] | ||
Property | £ 1,323 | £ 1,504 |
% of total fair value of scheme assets | 520% | 420% |
Infrastructure | Fair value of plan assets | ||
Disclosure of fair value of plan assets [line items] | ||
Infrastructure | £ 1,583 | £ 1,815 |
% of total fair value of scheme assets | 620% | 510% |
Hedge funds | Fair value of plan assets | ||
Disclosure of fair value of plan assets [line items] | ||
Hedge funds | £ 1,373 | £ 1,365 |
% of total fair value of scheme assets | 540% | 380% |
Derivatives | Fair value of plan assets | ||
Disclosure of fair value of plan assets [line items] | ||
Derivatives | £ (1,857) | £ 11 |
% of total fair value of scheme assets | (730.00%) | 0% |
Longevity reinsurance contracts | Fair value of plan assets | ||
Disclosure of fair value of plan assets [line items] | ||
Longevity reinsurance contracts | £ (123) | £ 0 |
% of total fair value of scheme assets | (50.00%) | 0% |
Cash and liquid assets | Fair value of plan assets | ||
Disclosure of fair value of plan assets [line items] | ||
Cash and liquid assets | £ 1,510 | £ 410 |
% of total fair value of scheme assets | 600% | 120% |
Mixed investment funds | Fair value of plan assets | ||
Disclosure of fair value of plan assets [line items] | ||
Mixed investment funds | £ 11 | £ 9 |
% of total fair value of scheme assets | 0% | 0% |
Other | Fair value of plan assets | ||
Disclosure of fair value of plan assets [line items] | ||
Other | £ 58 | £ 77 |
% of total fair value of scheme assets | 20% | 20% |
Equities - quoted | Fair value of plan assets | ||
Disclosure of fair value of plan assets [line items] | ||
Fair value of scheme assets | £ 16,236 | £ 23,683 |
Equities - quoted | Fair value of plan assets | Increase (decrease) due to reclassification | ||
Disclosure of fair value of plan assets [line items] | ||
Fair value of scheme assets | 1,200 | |
Equities - quoted | Equities | Fair value of plan assets | ||
Disclosure of fair value of plan assets [line items] | ||
Equities | 113 | 294 |
Equities - quoted | Private equities | Fair value of plan assets | ||
Disclosure of fair value of plan assets [line items] | ||
Equities | 0 | 0 |
Equities - quoted | Bonds - fixed government | Fair value of plan assets | ||
Disclosure of fair value of plan assets [line items] | ||
Bonds | 1,353 | 2,384 |
Equities - quoted | Bonds - index-linked government | Fair value of plan assets | ||
Disclosure of fair value of plan assets [line items] | ||
Bonds | 9,847 | 15,375 |
Equities - quoted | Bonds - corporate and other | Fair value of plan assets | ||
Disclosure of fair value of plan assets [line items] | ||
Bonds | 5,884 | 7,451 |
Equities - quoted | Property | Fair value of plan assets | ||
Disclosure of fair value of plan assets [line items] | ||
Property | 13 | 14 |
Equities - quoted | Infrastructure | Fair value of plan assets | ||
Disclosure of fair value of plan assets [line items] | ||
Infrastructure | 793 | 0 |
Equities - quoted | Hedge funds | Fair value of plan assets | ||
Disclosure of fair value of plan assets [line items] | ||
Hedge funds | 11 | 0 |
Equities - quoted | Derivatives | Fair value of plan assets | ||
Disclosure of fair value of plan assets [line items] | ||
Derivatives | (20) | 1 |
Equities - quoted | Longevity reinsurance contracts | Fair value of plan assets | ||
Disclosure of fair value of plan assets [line items] | ||
Longevity reinsurance contracts | 0 | 0 |
Equities - quoted | Cash and liquid assets | Fair value of plan assets | ||
Disclosure of fair value of plan assets [line items] | ||
Cash and liquid assets | (1,776) | (1,865) |
Equities - quoted | Mixed investment funds | Fair value of plan assets | ||
Disclosure of fair value of plan assets [line items] | ||
Mixed investment funds | 11 | 9 |
Equities - quoted | Other | Fair value of plan assets | ||
Disclosure of fair value of plan assets [line items] | ||
Other | 7 | 20 |
Equities - quoted | Cash | Fair value of plan assets | ||
Disclosure of fair value of plan assets [line items] | ||
Cash and liquid assets | 521 | |
Equities - quoted | Receivables (Payables) | Fair value of plan assets | ||
Disclosure of fair value of plan assets [line items] | ||
Cash and liquid assets | 80 | 93 |
Equities - quoted | Pooled Cash Funds | Fair value of plan assets | ||
Disclosure of fair value of plan assets [line items] | ||
Cash and liquid assets | 3,286 | 2,275 |
Equities - quoted | Repos | Fair value of plan assets | ||
Disclosure of fair value of plan assets [line items] | ||
Cash and liquid assets | (2,390) | (2,459) |
Equities non-quoted | Fair value of plan assets | ||
Disclosure of fair value of plan assets [line items] | ||
Fair value of scheme assets | 9,124 | 11,784 |
Equities non-quoted | Fair value of plan assets | Increase (decrease) due to reclassification | ||
Disclosure of fair value of plan assets [line items] | ||
Fair value of scheme assets | (1,200) | |
Equities non-quoted | Equities | Fair value of plan assets | ||
Disclosure of fair value of plan assets [line items] | ||
Equities | 0 | 0 |
Equities non-quoted | Private equities | Fair value of plan assets | ||
Disclosure of fair value of plan assets [line items] | ||
Equities | 2,734 | 3,113 |
Equities non-quoted | Bonds - fixed government | Fair value of plan assets | ||
Disclosure of fair value of plan assets [line items] | ||
Bonds | 0 | 161 |
Equities non-quoted | Bonds - index-linked government | Fair value of plan assets | ||
Disclosure of fair value of plan assets [line items] | ||
Bonds | 0 | 0 |
Equities non-quoted | Bonds - corporate and other | Fair value of plan assets | ||
Disclosure of fair value of plan assets [line items] | ||
Bonds | 1,551 | 1,498 |
Equities non-quoted | Property | Fair value of plan assets | ||
Disclosure of fair value of plan assets [line items] | ||
Property | 1,310 | 1,490 |
Equities non-quoted | Infrastructure | Fair value of plan assets | ||
Disclosure of fair value of plan assets [line items] | ||
Infrastructure | 790 | 1,815 |
Equities non-quoted | Hedge funds | Fair value of plan assets | ||
Disclosure of fair value of plan assets [line items] | ||
Hedge funds | 1,362 | 1,365 |
Equities non-quoted | Derivatives | Fair value of plan assets | ||
Disclosure of fair value of plan assets [line items] | ||
Derivatives | (1,837) | 10 |
Equities non-quoted | Longevity reinsurance contracts | Fair value of plan assets | ||
Disclosure of fair value of plan assets [line items] | ||
Longevity reinsurance contracts | (123) | 0 |
Equities non-quoted | Cash and liquid assets | Fair value of plan assets | ||
Disclosure of fair value of plan assets [line items] | ||
Cash and liquid assets | 3,286 | 2,275 |
Equities non-quoted | Mixed investment funds | Fair value of plan assets | ||
Disclosure of fair value of plan assets [line items] | ||
Mixed investment funds | 0 | 0 |
Equities non-quoted | Other | Fair value of plan assets | ||
Disclosure of fair value of plan assets [line items] | ||
Other | 51 | 57 |
UKRF | UK | Pension defined benefit plans | ||
Disclosure of fair value of plan assets [line items] | ||
Fair value of scheme assets | £ 24,680 | £ 34,678 |
% of total fair value of scheme assets | 100% | 10,000% |
UKRF | Equities | UK | Pension defined benefit plans | ||
Disclosure of fair value of plan assets [line items] | ||
Equities | £ 0 | £ 167 |
% of total fair value of scheme assets | 0% | 50% |
UKRF | Private equities | UK | Pension defined benefit plans | ||
Disclosure of fair value of plan assets [line items] | ||
Equities | £ 2,734 | £ 3,113 |
% of total fair value of scheme assets | 11.10% | 900% |
UKRF | Bonds - fixed government | UK | Pension defined benefit plans | ||
Disclosure of fair value of plan assets [line items] | ||
Bonds | £ 1,098 | £ 2,241 |
% of total fair value of scheme assets | 4.40% | 650% |
UKRF | Bonds - index-linked government | UK | Pension defined benefit plans | ||
Disclosure of fair value of plan assets [line items] | ||
Bonds | £ 9,829 | £ 15,352 |
% of total fair value of scheme assets | 39.90% | 4,440% |
UKRF | Bonds - corporate and other | UK | Pension defined benefit plans | ||
Disclosure of fair value of plan assets [line items] | ||
Bonds | £ 7,241 | £ 8,712 |
% of total fair value of scheme assets | 29.30% | 2,510% |
UKRF | Property | UK | Pension defined benefit plans | ||
Disclosure of fair value of plan assets [line items] | ||
Property | £ 1,310 | £ 1,490 |
% of total fair value of scheme assets | 5.30% | 430% |
UKRF | Infrastructure | UK | Pension defined benefit plans | ||
Disclosure of fair value of plan assets [line items] | ||
Infrastructure | £ 1,583 | £ 1,815 |
% of total fair value of scheme assets | 6.40% | 520% |
UKRF | Hedge funds | UK | Pension defined benefit plans | ||
Disclosure of fair value of plan assets [line items] | ||
Hedge funds | £ 1,362 | £ 1,365 |
% of total fair value of scheme assets | 5.50% | 390% |
UKRF | Derivatives | UK | Pension defined benefit plans | ||
Disclosure of fair value of plan assets [line items] | ||
Derivatives | £ (1,857) | £ 11 |
% of total fair value of scheme assets | (7.50%) | 0% |
UKRF | Longevity reinsurance contracts | UK | Pension defined benefit plans | ||
Disclosure of fair value of plan assets [line items] | ||
Longevity reinsurance contracts | £ (123) | £ 0 |
% of total fair value of scheme assets | (0.50%) | 0% |
UKRF | Cash and liquid assets | UK | Pension defined benefit plans | ||
Disclosure of fair value of plan assets [line items] | ||
Cash and liquid assets | £ 1,497 | £ 397 |
% of total fair value of scheme assets | 6.10% | 110% |
UKRF | Mixed investment funds | UK | Pension defined benefit plans | ||
Disclosure of fair value of plan assets [line items] | ||
Mixed investment funds | £ 0 | £ 0 |
% of total fair value of scheme assets | 0% | 0% |
UKRF | Other | UK | Pension defined benefit plans | ||
Disclosure of fair value of plan assets [line items] | ||
Other | £ 6 | £ 15 |
% of total fair value of scheme assets | 0% | 0% |
UKRF | Equities - quoted | UK | Pension defined benefit plans | ||
Disclosure of fair value of plan assets [line items] | ||
Fair value of scheme assets | £ 15,601 | £ 22,936 |
UKRF | Equities - quoted | Equities | UK | Pension defined benefit plans | ||
Disclosure of fair value of plan assets [line items] | ||
Equities | 0 | 167 |
UKRF | Equities - quoted | Private equities | UK | Pension defined benefit plans | ||
Disclosure of fair value of plan assets [line items] | ||
Equities | 0 | 0 |
UKRF | Equities - quoted | Bonds - fixed government | UK | Pension defined benefit plans | ||
Disclosure of fair value of plan assets [line items] | ||
Bonds | 1,098 | 2,080 |
UKRF | Equities - quoted | Bonds - index-linked government | UK | Pension defined benefit plans | ||
Disclosure of fair value of plan assets [line items] | ||
Bonds | 9,829 | 15,352 |
UKRF | Equities - quoted | Bonds - corporate and other | UK | Pension defined benefit plans | ||
Disclosure of fair value of plan assets [line items] | ||
Bonds | 5,690 | 7,214 |
UKRF | Equities - quoted | Property | UK | Pension defined benefit plans | ||
Disclosure of fair value of plan assets [line items] | ||
Property | 0 | 0 |
UKRF | Equities - quoted | Infrastructure | UK | Pension defined benefit plans | ||
Disclosure of fair value of plan assets [line items] | ||
Infrastructure | 793 | 0 |
UKRF | Equities - quoted | Hedge funds | UK | Pension defined benefit plans | ||
Disclosure of fair value of plan assets [line items] | ||
Hedge funds | 0 | 0 |
UKRF | Equities - quoted | Derivatives | UK | Pension defined benefit plans | ||
Disclosure of fair value of plan assets [line items] | ||
Derivatives | (20) | 1 |
UKRF | Equities - quoted | Longevity reinsurance contracts | UK | Pension defined benefit plans | ||
Disclosure of fair value of plan assets [line items] | ||
Longevity reinsurance contracts | 0 | 0 |
UKRF | Equities - quoted | Cash and liquid assets | UK | Pension defined benefit plans | ||
Disclosure of fair value of plan assets [line items] | ||
Cash and liquid assets | (1,789) | (1,878) |
UKRF | Equities - quoted | Mixed investment funds | UK | Pension defined benefit plans | ||
Disclosure of fair value of plan assets [line items] | ||
Mixed investment funds | 0 | 0 |
UKRF | Equities - quoted | Other | UK | Pension defined benefit plans | ||
Disclosure of fair value of plan assets [line items] | ||
Other | 0 | 0 |
UKRF | Equities non-quoted | UK | Pension defined benefit plans | ||
Disclosure of fair value of plan assets [line items] | ||
Fair value of scheme assets | 9,079 | 11,742 |
UKRF | Equities non-quoted | Equities | UK | Pension defined benefit plans | ||
Disclosure of fair value of plan assets [line items] | ||
Equities | 0 | 0 |
UKRF | Equities non-quoted | Private equities | UK | Pension defined benefit plans | ||
Disclosure of fair value of plan assets [line items] | ||
Equities | 2,734 | 3,113 |
UKRF | Equities non-quoted | Bonds - fixed government | UK | Pension defined benefit plans | ||
Disclosure of fair value of plan assets [line items] | ||
Bonds | 0 | 161 |
UKRF | Equities non-quoted | Bonds - index-linked government | UK | Pension defined benefit plans | ||
Disclosure of fair value of plan assets [line items] | ||
Bonds | 0 | 0 |
UKRF | Equities non-quoted | Bonds - corporate and other | UK | Pension defined benefit plans | ||
Disclosure of fair value of plan assets [line items] | ||
Bonds | 1,551 | 1,498 |
UKRF | Equities non-quoted | Property | UK | Pension defined benefit plans | ||
Disclosure of fair value of plan assets [line items] | ||
Property | 1,310 | 1,490 |
UKRF | Equities non-quoted | Infrastructure | UK | Pension defined benefit plans | ||
Disclosure of fair value of plan assets [line items] | ||
Infrastructure | 790 | 1,815 |
UKRF | Equities non-quoted | Hedge funds | UK | Pension defined benefit plans | ||
Disclosure of fair value of plan assets [line items] | ||
Hedge funds | 1,362 | 1,365 |
UKRF | Equities non-quoted | Derivatives | UK | Pension defined benefit plans | ||
Disclosure of fair value of plan assets [line items] | ||
Derivatives | (1,837) | 10 |
UKRF | Equities non-quoted | Longevity reinsurance contracts | UK | Pension defined benefit plans | ||
Disclosure of fair value of plan assets [line items] | ||
Longevity reinsurance contracts | (123) | 0 |
UKRF | Equities non-quoted | Cash and liquid assets | UK | Pension defined benefit plans | ||
Disclosure of fair value of plan assets [line items] | ||
Cash and liquid assets | 3,286 | 2,275 |
UKRF | Equities non-quoted | Mixed investment funds | UK | Pension defined benefit plans | ||
Disclosure of fair value of plan assets [line items] | ||
Mixed investment funds | 0 | 0 |
UKRF | Equities non-quoted | Other | UK | Pension defined benefit plans | ||
Disclosure of fair value of plan assets [line items] | ||
Other | £ 6 | £ 15 |
Pensions and post-retirement _7
Pensions and post-retirement benefits - Contributions paid (Details) - GBP (£) £ in Millions | 12 Months Ended | ||
Dec. 31, 2022 | Dec. 31, 2021 | Dec. 31, 2020 | |
UKRF | UK | Pension defined benefit plans | |||
Disclosure of fair value of plan assets [line items] | |||
Defined benefit contributions paid | £ 1,785 | £ 955 | £ 748 |
Principal subsidiaries - Narrat
Principal subsidiaries - Narrative (Details) £ in Millions, $ in Millions | 12 Months Ended | |||
Dec. 31, 2022 GBP (£) | Dec. 31, 2022 USD ($) | Dec. 31, 2021 GBP (£) | Dec. 31, 2020 GBP (£) | |
Disclosure of subsidiaries [line items] | ||||
Change in investment in subsidiaries | £ 130 | |||
Total assets | 1,203,537 | £ 1,061,778 | £ 1,059,700 | |
Total liabilities | 1,144,584 | 1,005,461 | ||
Balances with banks and other regulatory authorities | 3,038 | 4,260 | ||
Subsidiaries | ||||
Disclosure of subsidiaries [line items] | ||||
Total assets | 491,000 | 439,000 | ||
Total liabilities | 466,000 | 414,000 | ||
Barclays Bank Ireland PLC | ||||
Disclosure of subsidiaries [line items] | ||||
Recoverable amount of asset or cash-generating unit | 2,548 | |||
Cost | ||||
Disclosure of subsidiaries [line items] | ||||
Investment in subsidiaries | 22,180 | 19,517 | ||
Change in investment in subsidiaries | 2,663 | |||
ECL | ||||
Disclosure of subsidiaries [line items] | ||||
Investment in subsidiaries | 2,916 | £ 383 | ||
Change in investment in subsidiaries | 2,533 | |||
ECL | Barclays Bank Ireland PLC | ||||
Disclosure of subsidiaries [line items] | ||||
Investment in subsidiaries | £ 2,489 | |||
Pot-tax discount rate | 12.80% | 12.80% | ||
Pre-tax discount rate | 16.60% | 16.60% | ||
Growth rate used to extrapolate cash flow projections | 2% | 2% | ||
Change to impairment based on 1% Increase in the discount rate | $ | $ 266 | |||
Change to impairment based on 1% reduction in the terminal growth rate | $ | 194 | |||
Change to impairment based on 10% reduction in the forecasted cash flows | $ | $ 311 |
Principal subsidiaries - Signif
Principal subsidiaries - Significant subsidiaries (Details) | 12 Months Ended |
Dec. 31, 2022 | |
Barclays Bank Delaware | |
Disclosure of subsidiaries [line items] | |
Percentage of voting rights held | 100% |
Non-controlling interests - proportion of ownership interests | 0% |
Non-controlling interests - proportion of voting interests | 0% |
Barclays Bank Ireland PLC | |
Disclosure of subsidiaries [line items] | |
Percentage of voting rights held | 100% |
Non-controlling interests - proportion of ownership interests | 0% |
Non-controlling interests - proportion of voting interests | 0% |
Barclays Capital Inc. | |
Disclosure of subsidiaries [line items] | |
Percentage of voting rights held | 100% |
Non-controlling interests - proportion of ownership interests | 0% |
Non-controlling interests - proportion of voting interests | 0% |
Barclays Capital Securities Limited | |
Disclosure of subsidiaries [line items] | |
Percentage of voting rights held | 100% |
Non-controlling interests - proportion of ownership interests | 0% |
Non-controlling interests - proportion of voting interests | 0% |
Barclays Securities Japan Limited | |
Disclosure of subsidiaries [line items] | |
Percentage of voting rights held | 100% |
Non-controlling interests - proportion of ownership interests | 0% |
Non-controlling interests - proportion of voting interests | 0% |
Barclays US LLC | |
Disclosure of subsidiaries [line items] | |
Percentage of voting rights held | 100% |
Non-controlling interests - proportion of ownership interests | 0% |
Non-controlling interests - proportion of voting interests | 0% |
Principal subsidiaries - Exclud
Principal subsidiaries - Excluded from consolidation because the Group does not have exposure to its variable returns (Details) - Unconsolidated structured entities £ in Millions | 12 Months Ended |
Dec. 31, 2022 GBP (£) | |
Disclosure of unconsolidated structured entities [line items] | |
Percentage of voting rights held | 100% |
Equity shareholders' funds (£m) | £ 0 |
Retained profit for the year (£m) | £ 0 |
Structured entities - Narrative
Structured entities - Narrative (Details) £ in Millions | 12 Months Ended | ||
Dec. 31, 2022 GBP (£) entity | Dec. 31, 2021 GBP (£) entity | Dec. 31, 2020 GBP (£) | |
Disclosure of unconsolidated structured entities [line items] | |||
Number of structured entities | entity | 6,095 | 5,696 | |
Notional contract amount | £ 52,342,870 | £ 47,412,915 | |
Impairment cost of loan facilities | 1,161 | (536) | £ 3,745 |
Assets transferred to sponsored unconsolidated structured entities | 1,665 | 1,662 | |
Employee benefit and other trusts | |||
Disclosure of unconsolidated structured entities [line items] | |||
Standby facilities, credit lines and other commitments | £ 3,800 | 3,300 | |
Securitisation vehicles | Debt securities classified as amortised cost | Not more than three months | |||
Disclosure of unconsolidated structured entities [line items] | |||
Maturity period | 90 days | ||
Structured entities | Derivatives | |||
Disclosure of unconsolidated structured entities [line items] | |||
Notional contract amount | £ 244,780 | 217,055 | |
Lending | Debt securities classified as amortised cost | |||
Disclosure of unconsolidated structured entities [line items] | |||
Impairment cost of loan facilities | 28 | 25 | |
Contractual backstop liquidity facilities | CP's and medium-term note conduits | |||
Disclosure of unconsolidated structured entities [line items] | |||
Standby facilities, credit lines and other commitments | £ 20,800 | £ 17,200 |
Structured entities - Summary o
Structured entities - Summary of interests in unconsolidated structured entities (Details) - GBP (£) £ in Millions | Dec. 31, 2022 | Dec. 31, 2021 | Dec. 31, 2020 |
Disclosure of unconsolidated structured entities [line items] | |||
Trading Portfolio Assets | £ 133,771 | £ 146,871 | |
Financial assets at fair value through the income statement | 211,128 | 188,226 | |
Derivative financial instruments | 302,976 | 262,291 | |
Financial assets at fair value through other comprehensive income | 45,084 | 45,908 | |
Loans and advances at amortised cost | 182,507 | 145,259 | |
Reverse repurchase agreements and other similar secured lending | 725 | 3,177 | |
Other assets | 4,209 | 2,706 | |
Total assets | 1,203,537 | 1,061,778 | £ 1,059,700 |
Derivative financial instruments | 289,206 | 256,523 | |
Structured entities | |||
Disclosure of unconsolidated structured entities [line items] | |||
Trading Portfolio Assets | 8,632 | 7,170 | |
Financial assets at fair value through the income statement | 77,572 | 65,233 | |
Derivative financial instruments | 4,555 | 5,160 | |
Financial assets at fair value through other comprehensive income | 423 | 91 | |
Loans and advances at amortised cost | 36,842 | 22,741 | |
Reverse repurchase agreements and other similar secured lending | 117 | 104 | |
Other assets | 65 | 12 | |
Total assets | 128,206 | 100,511 | |
Derivative financial instruments | 8,460 | 9,543 | |
Secured financing | |||
Disclosure of unconsolidated structured entities [line items] | |||
Trading Portfolio Assets | 0 | 0 | |
Financial assets at fair value through the income statement | 75,166 | 61,816 | |
Derivative financial instruments | 0 | 0 | |
Financial assets at fair value through other comprehensive income | 0 | 0 | |
Loans and advances at amortised cost | 0 | 0 | |
Reverse repurchase agreements and other similar secured lending | 117 | 104 | |
Other assets | 0 | 0 | |
Total assets | 75,283 | 61,920 | |
Derivative financial instruments | 0 | 0 | |
Short-term traded interests | |||
Disclosure of unconsolidated structured entities [line items] | |||
Trading Portfolio Assets | 8,632 | 7,170 | |
Financial assets at fair value through the income statement | 0 | 0 | |
Derivative financial instruments | 0 | 0 | |
Financial assets at fair value through other comprehensive income | 0 | 0 | |
Loans and advances at amortised cost | 0 | 0 | |
Reverse repurchase agreements and other similar secured lending | 0 | 0 | |
Other assets | 0 | 0 | |
Total assets | 8,632 | 7,170 | |
Derivative financial instruments | 0 | 0 | |
Traded derivatives | |||
Disclosure of unconsolidated structured entities [line items] | |||
Trading Portfolio Assets | 0 | 0 | |
Financial assets at fair value through the income statement | 0 | 0 | |
Derivative financial instruments | 4,555 | 5,160 | |
Financial assets at fair value through other comprehensive income | 0 | 0 | |
Loans and advances at amortised cost | 0 | 0 | |
Reverse repurchase agreements and other similar secured lending | 0 | 0 | |
Other assets | 0 | 0 | |
Total assets | 4,555 | 5,160 | |
Derivative financial instruments | 8,460 | 9,543 | |
Other interests | |||
Disclosure of unconsolidated structured entities [line items] | |||
Trading Portfolio Assets | 0 | 0 | |
Financial assets at fair value through the income statement | 2,406 | 3,417 | |
Derivative financial instruments | 0 | 0 | |
Financial assets at fair value through other comprehensive income | 423 | 91 | |
Loans and advances at amortised cost | 36,842 | 22,741 | |
Reverse repurchase agreements and other similar secured lending | 0 | 0 | |
Other assets | 65 | 12 | |
Total assets | 39,736 | 26,261 | |
Derivative financial instruments | £ 0 | £ 0 |
Structured entities - Nature of
Structured entities - Nature of interests (Details) - GBP (£) £ in Millions | Dec. 31, 2022 | Dec. 31, 2021 |
Disclosure of unconsolidated structured entities [line items] | ||
Financial assets at fair value through the income statement | £ 211,128 | £ 188,226 |
Financial assets at fair value through other comprehensive income | 45,084 | 45,908 |
Loans and advances at amortised cost | 182,507 | 145,259 |
Other assets | 4,209 | 2,706 |
Other interests | ||
Disclosure of unconsolidated structured entities [line items] | ||
Financial assets at fair value through the income statement | 2,406 | 3,417 |
Financial assets at fair value through other comprehensive income | 423 | 91 |
Loans and advances at amortised cost | 36,842 | 22,741 |
Other assets | 65 | 12 |
Total on-balance sheet exposures | 39,736 | 26,261 |
Total off-balance sheet notional amounts | 21,454 | 20,409 |
Maximum exposure to loss | 61,190 | 46,670 |
Total assets of the entity | 284,803 | 254,634 |
Other interests | Of which: Barclays owned, not consolidated entities | ||
Disclosure of unconsolidated structured entities [line items] | ||
Financial assets at fair value through the income statement | 2,284 | 3,335 |
Financial assets at fair value through other comprehensive income | 0 | 0 |
Other assets | 0 | 0 |
Total on-balance sheet exposures | 2,284 | 3,335 |
Total off-balance sheet notional amounts | 0 | 0 |
Maximum exposure to loss | 2,284 | 3,335 |
Total assets of the entity | 8,690 | 11,513 |
Other interests | Financial assets at amortised cost | ||
Disclosure of unconsolidated structured entities [line items] | ||
Loans and advances at amortised cost | 36,842 | 22,741 |
Other interests | Financial assets at amortised cost | Of which: Barclays owned, not consolidated entities | ||
Disclosure of unconsolidated structured entities [line items] | ||
Loans and advances at amortised cost | 0 | 0 |
Multi-seller conduit programme | ||
Disclosure of unconsolidated structured entities [line items] | ||
Financial assets at fair value through the income statement | 0 | 0 |
Financial assets at fair value through other comprehensive income | 0 | 0 |
Other assets | 32 | 8 |
Total on-balance sheet exposures | 8,713 | 5,192 |
Total off-balance sheet notional amounts | 10,552 | 11,015 |
Maximum exposure to loss | 19,265 | 16,207 |
Total assets of the entity | 66,504 | 65,441 |
Multi-seller conduit programme | Financial assets at amortised cost | ||
Disclosure of unconsolidated structured entities [line items] | ||
Loans and advances at amortised cost | 8,681 | 5,184 |
Lending | ||
Disclosure of unconsolidated structured entities [line items] | ||
Financial assets at fair value through the income statement | 9 | 2 |
Financial assets at fair value through other comprehensive income | 220 | 53 |
Other assets | 33 | 4 |
Total on-balance sheet exposures | 22,109 | 14,353 |
Total off-balance sheet notional amounts | 10,902 | 9,394 |
Maximum exposure to loss | 33,011 | 23,747 |
Total assets of the entity | 154,501 | 160,611 |
Lending | Financial assets at amortised cost | ||
Disclosure of unconsolidated structured entities [line items] | ||
Loans and advances at amortised cost | 21,847 | 14,294 |
Other | ||
Disclosure of unconsolidated structured entities [line items] | ||
Financial assets at fair value through the income statement | 2,397 | 3,415 |
Financial assets at fair value through other comprehensive income | 203 | 38 |
Other assets | 0 | 0 |
Total on-balance sheet exposures | 8,914 | 6,716 |
Total off-balance sheet notional amounts | 0 | 0 |
Maximum exposure to loss | 8,914 | 6,716 |
Total assets of the entity | 63,798 | 28,582 |
Other | Financial assets at amortised cost | ||
Disclosure of unconsolidated structured entities [line items] | ||
Loans and advances at amortised cost | £ 6,314 | £ 3,263 |
Investments in associates and_3
Investments in associates and joint ventures (Narrative) (Details) | 12 Months Ended |
Dec. 31, 2022 | |
Min | |
Disclosure of associates [line items] | |
Voting rights in associates | 20% |
Max | |
Disclosure of associates [line items] | |
Voting rights in associates | 50% |
Investments in associates and_4
Investments in associates and joint ventures (Details) - GBP (£) £ in Millions | 12 Months Ended | |
Dec. 31, 2022 | Dec. 31, 2021 | |
Disclosure of associates [line items] | ||
Associates | £ 26 | £ 24 |
Joint ventures | 0 | 0 |
Total | 26 | 24 |
Joint ventures | ||
Disclosure of associates [line items] | ||
Profit from continuing operations | 0 | 0 |
Other comprehensive income | 0 | 0 |
Total comprehensive income from continuing operations | 0 | 0 |
Associates | ||
Disclosure of associates [line items] | ||
Profit from continuing operations | 3 | 0 |
Other comprehensive income | 0 | 1 |
Total comprehensive income from continuing operations | £ 3 | £ 1 |
Securitisations - Transfers of
Securitisations - Transfers of financial assets that do not result in derecognition (Details) - GBP (£) £ in Millions | Dec. 31, 2022 | Dec. 31, 2021 |
Disclosure of transferred financial assets that are not derecognised in their entirety [line items] | ||
Assets carrying amount | £ 200,367 | £ 184,537 |
Associated liabilities | (113,949) | (97,494) |
Securitisation vehicles | ||
Disclosure of transferred financial assets that are not derecognised in their entirety [line items] | ||
Assets carrying amount | 5,176 | 1,303 |
Assets fair value | 5,613 | 1,423 |
Associated liabilities | (1,433) | (1,225) |
Liabilities fair value | (1,356) | (1,219) |
Financial assets at amortised cost | ||
Disclosure of transferred financial assets that are not derecognised in their entirety [line items] | ||
Assets that entity continues to recognise to extent of continuing involvement | 828 | 249 |
Credit cards, unsecured loans and other retail lending | Financial assets at amortised cost | Securitisation vehicles | ||
Disclosure of transferred financial assets that are not derecognised in their entirety [line items] | ||
Assets carrying amount | 4,846 | 1,262 |
Assets fair value | 5,283 | 1,382 |
Associated liabilities | (1,433) | (1,225) |
Liabilities fair value | (1,356) | (1,219) |
Mortgage Loans | Financial assets at fair value through the income statement | Securitisation vehicles | ||
Disclosure of transferred financial assets that are not derecognised in their entirety [line items] | ||
Assets carrying amount | 330 | 41 |
Assets fair value | 330 | 41 |
Associated liabilities | 0 | 0 |
Liabilities fair value | £ 0 | £ 0 |
Securitisations - Continuing in
Securitisations - Continuing involvement in financial assets that have been derecognised (Details) - GBP (£) £ in Millions | 12 Months Ended | |
Dec. 31, 2022 | Dec. 31, 2021 | |
Disclosure of continuing involvement in derecognised financial assets [line items] | ||
Carrying amount | £ 852 | £ 414 |
Fair value | 791 | 410 |
Maximum exposure to loss | 852 | 414 |
Gain from continuing involvement for the year ended | 24 | 9 |
Gain from continuing involvement, cumulative | 41 | 17 |
Asset-backed securities | ||
Disclosure of continuing involvement in derecognised financial assets [line items] | ||
Carrying amount | 8 | 25 |
Fair value | 8 | 25 |
Maximum exposure to loss | 8 | 25 |
Gain from continuing involvement for the year ended | 1 | 1 |
Gain from continuing involvement, cumulative | 3 | 2 |
Residential mortgage backed securities | ||
Disclosure of continuing involvement in derecognised financial assets [line items] | ||
Carrying amount | 432 | 78 |
Fair value | 426 | 78 |
Maximum exposure to loss | 432 | 78 |
Gain from continuing involvement for the year ended | 18 | 3 |
Gain from continuing involvement, cumulative | 22 | 4 |
Commercial mortgage backed securities | ||
Disclosure of continuing involvement in derecognised financial assets [line items] | ||
Carrying amount | 412 | 311 |
Fair value | 357 | 307 |
Maximum exposure to loss | 412 | 311 |
Gain from continuing involvement for the year ended | 5 | 5 |
Gain from continuing involvement, cumulative | £ 16 | £ 11 |
Assets pledged, collateral re_3
Assets pledged, collateral received and assets transferred - Carrying amount of the assets pledged as security against liabilities (Details) - GBP (£) £ in Millions | Dec. 31, 2022 | Dec. 31, 2021 |
Disclosure of offsetting of financial liabilities [line items] | ||
Assets pledged | £ 200,367 | £ 184,537 |
Cash collateral and settlement balances | ||
Disclosure of offsetting of financial liabilities [line items] | ||
Assets pledged | 75,790 | 63,080 |
Loans and advances at amortised cost | ||
Disclosure of offsetting of financial liabilities [line items] | ||
Assets pledged | 36,752 | 29,962 |
Trading portfolio assets | ||
Disclosure of offsetting of financial liabilities [line items] | ||
Assets pledged | 63,914 | 71,201 |
Financial assets at fair value through the income statement | ||
Disclosure of offsetting of financial liabilities [line items] | ||
Assets pledged | 7,747 | 5,595 |
Fair value through other comprehensive income | ||
Disclosure of offsetting of financial liabilities [line items] | ||
Assets pledged | £ 16,164 | £ 14,699 |
Assets pledged, collateral re_4
Assets pledged, collateral received and assets transferred - Transferred financial assets and the associated liabilities (Details) - GBP (£) £ in Millions | Dec. 31, 2022 | Dec. 31, 2021 |
Disclosure of transferred financial assets that are not derecognised in their entirety [line items] | ||
Transferred assets | £ 200,367 | £ 184,537 |
Associated liabilities | (113,949) | (97,494) |
Derivatives | ||
Disclosure of transferred financial assets that are not derecognised in their entirety [line items] | ||
Transferred assets | 77,941 | 64,826 |
Associated liabilities | (77,941) | (64,826) |
Repurchase agreements | ||
Disclosure of transferred financial assets that are not derecognised in their entirety [line items] | ||
Transferred assets | 54,509 | 48,504 |
Associated liabilities | (31,220) | (28,494) |
Securities lending arrangements | ||
Disclosure of transferred financial assets that are not derecognised in their entirety [line items] | ||
Transferred assets | 62,741 | 66,703 |
Associated liabilities | 0 | 0 |
Other | ||
Disclosure of transferred financial assets that are not derecognised in their entirety [line items] | ||
Transferred assets | 5,176 | 4,504 |
Associated liabilities | £ (4,788) | £ (4,174) |
Assets pledged, collateral re_5
Assets pledged, collateral received and assets transferred - Recourse to transferred assets (Details) - GBP (£) £ in Millions | Dec. 31, 2022 | Dec. 31, 2021 |
Disclosure of transferred financial assets that are not derecognised in their entirety [line items] | ||
Transferred assets | £ 200,367 | £ 184,537 |
Associated liabilities | (113,949) | (97,494) |
Securitisation vehicles | ||
Disclosure of transferred financial assets that are not derecognised in their entirety [line items] | ||
Transferred assets | 5,176 | 1,303 |
Associated liabilities | (1,433) | (1,225) |
Transferred assets, fair value | 5,613 | 1,423 |
Associated liabilities, fair value | (1,356) | (1,219) |
Other | ||
Disclosure of transferred financial assets that are not derecognised in their entirety [line items] | ||
Transferred assets | 5,176 | 4,504 |
Associated liabilities | (4,788) | (4,174) |
Other | Securitisation vehicles | ||
Disclosure of transferred financial assets that are not derecognised in their entirety [line items] | ||
Transferred assets | 5,176 | 1,303 |
Associated liabilities | (1,433) | (1,225) |
Transferred assets, fair value | 5,613 | 1,423 |
Associated liabilities, fair value | (1,356) | (1,219) |
Net position | £ 4,257 | £ 204 |
Assets pledged, collateral re_6
Assets pledged, collateral received and assets transferred - Narrative (Details) - GBP (£) £ in Millions | Dec. 31, 2022 | Dec. 31, 2021 |
Disclosure of unconsolidated structured entities [line items] | ||
Loans and advances | £ 182,507 | £ 145,259 |
Asset backed funding programmes | ||
Disclosure of unconsolidated structured entities [line items] | ||
Loans and advances | £ 2,700 | £ 3,500 |
Assets pledged, collateral re_7
Assets pledged, collateral received and assets transferred - Fair value at the balance sheet date of collateral accepted and re-pledged to others (Details) - GBP (£) £ in Millions | Dec. 31, 2022 | Dec. 31, 2021 |
Assets pledged, collateral received and assets transferred | ||
Fair value of securities accepted as collateral | £ 989,211 | £ 934,363 |
Of which fair value of securities re-pledged/transferred to others | £ 892,760 | £ 819,169 |
Related party transactions an_3
Related party transactions and Directors' remuneration - Group's financial statements (Details) - GBP (£) £ in Millions | 12 Months Ended | ||
Dec. 31, 2022 | Dec. 31, 2021 | Dec. 31, 2020 | |
Disclosure of transactions between related parties [line items] | |||
Total income | £ 18,194 | £ 15,408 | £ 15,778 |
Operating expenses | (12,398) | (10,259) | (9,459) |
Total assets | 1,203,537 | 1,061,778 | £ 1,059,700 |
Total liabilities | 1,144,584 | 1,005,461 | |
Parent | |||
Disclosure of transactions between related parties [line items] | |||
Total income | (751) | (611) | |
Operating expenses | (69) | (64) | |
Total assets | 1,575 | 6,491 | |
Total liabilities | 40,827 | 32,141 | |
Fellow subsidiaries | |||
Disclosure of transactions between related parties [line items] | |||
Total income | 199 | 20 | |
Operating expenses | (3,459) | (3,195) | |
Total assets | 9,056 | 909 | |
Total liabilities | 6,668 | 3,962 | |
Associates | |||
Disclosure of transactions between related parties [line items] | |||
Total income | (2) | 0 | |
Operating expenses | 0 | 0 | |
Total assets | 0 | 0 | |
Total liabilities | 407 | 177 | |
Pension funds | |||
Disclosure of transactions between related parties [line items] | |||
Total income | 3 | 3 | |
Operating expenses | (1) | (1) | |
Total assets | 3 | 3 | |
Total liabilities | £ 166 | £ 81 |
Related party transactions an_4
Related party transactions and Directors' remuneration - Narrative (Details) - GBP (£) | 12 Months Ended | ||
Dec. 31, 2022 | Dec. 31, 2021 | Dec. 31, 2020 | |
Disclosure of transactions between related parties [line items] | |||
Accruing benefits under defined benefit scheme | £ 188,000,000 | £ 181,000,000 | £ 176,000,000 |
Notional contract amount | 52,342,870,000,000 | 47,412,915,000,000 | |
Defined contribution schemes | |||
Disclosure of transactions between related parties [line items] | |||
Accruing benefits under defined benefit scheme | 140,000,000 | 121,000,000 | 127,000,000 |
Key Management Personnel and persons connected to them | |||
Disclosure of transactions between related parties [line items] | |||
Total commitments outstanding | 100,000 | 100,000 | |
Amounts payable, related party transactions | 2,000,000 | 2,100,000 | £ 3,400,000 |
Directors | |||
Disclosure of transactions between related parties [line items] | |||
Accruing benefits under defined benefit scheme | 0 | ||
Loans issued during the year | 0 | 0 | |
Total value of guarantees entered into on behalf of Directors | 0 | 0 | |
Directors | Redundancy and restructuring | |||
Disclosure of transactions between related parties [line items] | |||
Amounts payable, related party transactions | 2,253,304 | 426,139 | |
Directors | Defined contribution schemes | |||
Disclosure of transactions between related parties [line items] | |||
Defined benefit contributions paid | 0 | 0 | |
Notional contract amount | 0 | 0 | |
Highest paid director | |||
Disclosure of transactions between related parties [line items] | |||
Accruing benefits under defined benefit scheme | 0 | 0 | |
Commitments made by entity, related party transactions | 0 | 0 | |
Pension funds | |||
Disclosure of transactions between related parties [line items] | |||
Derivatives transacted | £ 110,000,000 | £ 18,000,000 |
Related party transactions an_5
Related party transactions and Directors' remuneration - Loans and deposits outstanding (Details) - Key Management Personnel and persons connected to them £ in Millions, $ in Millions | 12 Months Ended | ||
Dec. 31, 2022 GBP (£) | Dec. 31, 2022 USD ($) | Dec. 31, 2021 GBP (£) | |
Reconciliation of receivables from related parties [Roll Forward] | |||
Loans outstanding beginning balance | £ 0 | $ 0 | £ 0 |
Loans issued during the year | 0.1 | 0 | |
Loan repayments during the year | 0.1 | 0 | |
Loan outstanding ending balance | $ 0 | 0 | |
Deposits outstanding beginning balance | 2.1 | 3.4 | |
Deposits received during the year | 9.4 | 9 | |
Deposits repaid during the year | (9.5) | (10.3) | |
Deposits oustanding ending balance | £ 2 | £ 2.1 |
Related party transactions an_6
Related party transactions and Directors' remuneration - Remuneration of Directors and other Key Management Personnel (Details) - GBP (£) £ in Millions | 12 Months Ended | |
Dec. 31, 2022 | Dec. 31, 2021 | |
Disclosure of transactions between related parties [abstract] | ||
Salaries and other short-term benefits | £ 44.2 | £ 35.2 |
Pension costs | 0.2 | 0.2 |
Other long-term benefits | 12.1 | 8.5 |
Share-based payments | 16.5 | 13.2 |
Employer social security charges on emoluments | 7.5 | 6 |
Costs recognised for accounting purposes | 80.5 | 63.1 |
Employer social security charges on emoluments | (7.5) | (6) |
Other long-term benefits – difference between awards granted and costs recognised | 0.1 | 3.3 |
Share-based payments – difference between awards granted and costs recognised | 4.2 | 6.1 |
Total remuneration awarded | £ 77.3 | £ 66.5 |
Related party transactions an_7
Related party transactions and Directors' remuneration - Disclosure required by the Companies Act 2006 (Details) - GBP (£) £ in Millions | 12 Months Ended | |
Dec. 31, 2022 | Dec. 31, 2021 | |
Directors | ||
Disclosure of transactions between related parties [line items] | ||
Aggregate emoluments | £ 7.1 | £ 6.3 |
Amounts paid under LTIPs | 0.4 | 1.2 |
Total directors expense in accordance with companies act 2006 | 7.5 | 7.5 |
Directors | Deferred Share Value Plan / Share Value Plan | ||
Disclosure of transactions between related parties [line items] | ||
Aggregate emoluments | 2.3 | 1.4 |
Highest paid director | ||
Disclosure of transactions between related parties [line items] | ||
Aggregate emoluments | 3.6 | 2.1 |
Amounts paid under LTIPs | 0 | 0.7 |
Total directors expense in accordance with companies act 2006 | 3.6 | 2.8 |
Highest paid director | Deferred Share Value Plan / Share Value Plan | ||
Disclosure of transactions between related parties [line items] | ||
Aggregate emoluments | £ 1.5 | £ 0 |
Disposal of business (Narrative
Disposal of business (Narrative) (Details) £ in Millions | 12 Months Ended |
Dec. 31, 2022 GBP (£) | |
Capton Investments Limited | Roder 1 | |
Disclosure of operating segments [line items] | |
Gain on sale of direct ownership of subsidiaries | £ 43 |
Hawkins | Roder 2 | |
Disclosure of operating segments [line items] | |
Gain on sale of direct ownership of subsidiaries | £ 75 |
Auditor's remuneration (Details
Auditor's remuneration (Details) - GBP (£) £ in Millions | 12 Months Ended | ||
Dec. 31, 2022 | Dec. 31, 2021 | Dec. 31, 2020 | |
Disclosure of products and services [line items] | |||
Audit fees | £ 20 | £ 19 | £ 17 |
Total Auditor's remuneration | 47 | 41 | 38 |
KPMG | |||
Disclosure of products and services [line items] | |||
Audit fees | 41 | 33 | 31 |
All other fees | 1 | 0 | 1 |
Tax fees | 0 | 0 | 0 |
Subsidiaries | |||
Disclosure of products and services [line items] | |||
Audit fees | 18 | 14 | 13 |
Other audit related fees | |||
Disclosure of products and services [line items] | |||
Audit fees | 8 | 7 | 7 |
Other audit related fees | KPMG | |||
Disclosure of products and services [line items] | |||
Audit fees | 5 | 5 | 3 |
Other services | |||
Disclosure of products and services [line items] | |||
All other fees | £ 1 | £ 1 | £ 1 |
Interest rate benchmark refor_2
Interest rate benchmark reform - Narrative (Details) £ in Millions | Dec. 31, 2022 GBP (£) | Dec. 31, 2021 GBP (£) |
Disclosure of financial instruments by type of interest rate [line items] | ||
Notional contract amount | £ 52,342,870 | £ 47,412,915 |
IBOR Reform | ||
Disclosure of financial instruments by type of interest rate [line items] | ||
Notional contract amount | 2,000 | |
IBOR Reform | Expected credit losses held against contingent liabilities and commitments | ||
Disclosure of financial instruments by type of interest rate [line items] | ||
Retained debt issuance | £ 9,000 | £ 9,000 |
IBOR Reform | Top of range | ||
Disclosure of financial instruments by type of interest rate [line items] | ||
Percentage of baseline exposure for 2021 scope | 0.002 | |
Undrawn Lending Facilities | IBOR Reform | ||
Disclosure of financial instruments by type of interest rate [line items] | ||
Notional contract amount | £ 1,200 | |
Syndicated Loans | IBOR Reform | ||
Disclosure of financial instruments by type of interest rate [line items] | ||
Notional contract amount | 1,100 | |
Bilateral Derivatives | IBOR Reform | Without appropriate fallback clause | ||
Disclosure of financial instruments by type of interest rate [line items] | ||
Notional contract amount | £ 800 |
Interest rate benchmark refor_3
Interest rate benchmark reform - Significant exposures impacted by the interest rate benchmark reform (Details) - GBP (£) £ in Millions | Dec. 31, 2022 | Dec. 31, 2021 | Dec. 31, 2020 | |
Disclosure of financial instruments by type of interest rate [line items] | ||||
Loans and advances at amortised cost | £ 182,507 | £ 145,259 | ||
Reverse repurchase agreements and other similar secured lending | 725 | 3,177 | ||
Financial assets at fair value through the income statement | 211,128 | 188,226 | ||
Financial assets at fair value through other comprehensive income | 45,084 | 45,908 | ||
Total financial assets | 1,187,698 | 1,049,896 | ||
Debt securities in issue | (60,012) | (48,388) | ||
Subordinated liabilities | (38,253) | (32,185) | £ (32,005) | |
Financial liabilities designated at fair value | (272,055) | (251,131) | ||
Non-derivative financial liabilities | (1,140,147) | (1,000,754) | ||
Other equity instruments | (58,953) | (56,317) | (53,710) | |
Other equity instruments | ||||
Disclosure of financial instruments by type of interest rate [line items] | ||||
Other equity instruments | [1] | (10,691) | (9,693) | £ (8,621) |
IBOR Reform | USD LIBOR | ||||
Disclosure of financial instruments by type of interest rate [line items] | ||||
Loans and advances at amortised cost | 8,659 | 15,801 | ||
Reverse repurchase agreements and other similar secured lending | 0 | 186 | ||
Financial assets at fair value through the income statement | 4,282 | 8,538 | ||
Financial assets at fair value through other comprehensive income | 0 | 0 | ||
Total financial assets | 12,941 | 24,525 | ||
Debt securities in issue | (2,493) | 0 | ||
Subordinated liabilities | (344) | (3,774) | ||
Financial liabilities designated at fair value | (1,740) | (212) | ||
Non-derivative financial liabilities | (4,577) | (3,986) | ||
Standby facilities, credit lines and other commitments | 68,118 | 42,767 | ||
IBOR Reform | USD LIBOR | Other equity instruments | ||||
Disclosure of financial instruments by type of interest rate [line items] | ||||
Other equity instruments | £ (295) | £ (3,062) | ||
[1]For further details refer to Note 27. |
Interest rate benchmark refor_4
Interest rate benchmark reform - Significant exposures impacted by the interest rate benchmark reform - Derivative notional contract amount (Details) - GBP (£) £ in Millions | Dec. 31, 2022 | Dec. 31, 2021 |
Disclosure of financial instruments by type of interest rate [line items] | ||
Notional contract amount | £ 52,342,870 | £ 47,412,915 |
IBOR Reform | ||
Disclosure of financial instruments by type of interest rate [line items] | ||
Notional contract amount | 2,000 | |
IBOR Reform | USD LIBOR | ||
Disclosure of financial instruments by type of interest rate [line items] | ||
Notional contract amount | 5,052,568 | 5,432,774 |
IBOR Reform | OTC | Interest rate derivatives | USD LIBOR | ||
Disclosure of financial instruments by type of interest rate [line items] | ||
Notional contract amount | 2,594,268 | 2,283,077 |
IBOR Reform | OTC | Foreign exchange derivatives | USD LIBOR | ||
Disclosure of financial instruments by type of interest rate [line items] | ||
Notional contract amount | 84 | 461,680 |
IBOR Reform | OTC | Equity and stock index derivatives | USD LIBOR | ||
Disclosure of financial instruments by type of interest rate [line items] | ||
Notional contract amount | 1,261 | 9,949 |
IBOR Reform | Cleared by central counterparty | USD LIBOR | ||
Disclosure of financial instruments by type of interest rate [line items] | ||
Notional contract amount | 2,119,420 | 2,211,729 |
IBOR Reform | Exchange traded derivatives | USD LIBOR | ||
Disclosure of financial instruments by type of interest rate [line items] | ||
Notional contract amount | £ 337,535 | £ 466,339 |
Interest rate benchmark refor_5
Interest rate benchmark reform - Exposures with or without fallback clauses (Details) - GBP (£) £ in Millions | Dec. 31, 2022 | Dec. 31, 2021 | Dec. 31, 2020 | |
Disclosure of financial instruments by type of interest rate [line items] | ||||
Loans and advances at amortised cost | £ 182,507 | £ 145,259 | ||
Financial assets at fair value through the income statement | 211,128 | 188,226 | ||
Total financial assets | 1,187,698 | 1,049,896 | ||
Debt instruments issued | (60,012) | (48,388) | ||
Subordinated liabilities | (38,253) | (32,185) | £ (32,005) | |
Financial liabilities designated at fair value | (272,055) | (251,131) | ||
Non-derivative financial liabilities | (1,140,147) | (1,000,754) | ||
Total equity | 58,953 | 56,317 | 53,710 | |
Notional contract amount | 52,342,870 | 47,412,915 | ||
Other equity instruments | ||||
Disclosure of financial instruments by type of interest rate [line items] | ||||
Total equity | [1] | 10,691 | 9,693 | £ 8,621 |
IBOR Reform | ||||
Disclosure of financial instruments by type of interest rate [line items] | ||||
Notional contract amount | 2,000 | |||
USD LIBOR | IBOR Reform | ||||
Disclosure of financial instruments by type of interest rate [line items] | ||||
Loans and advances at amortised cost | 8,659 | 15,801 | ||
Financial assets at fair value through the income statement | 4,282 | 8,538 | ||
Total financial assets | 12,941 | 24,525 | ||
Debt instruments issued | (2,493) | 0 | ||
Subordinated liabilities | (344) | (3,774) | ||
Financial liabilities designated at fair value | (1,740) | (212) | ||
Non-derivative financial liabilities | (4,577) | (3,986) | ||
Standby facilities, credit lines and other commitments | 68,118 | 42,767 | ||
Notional contract amount | 5,052,568 | 5,432,774 | ||
USD LIBOR | IBOR Reform | OTC derivatives | Interest rate derivatives | ||||
Disclosure of financial instruments by type of interest rate [line items] | ||||
Notional contract amount | 2,594,268 | 2,283,077 | ||
USD LIBOR | IBOR Reform | OTC derivatives | Foreign exchange derivatives | ||||
Disclosure of financial instruments by type of interest rate [line items] | ||||
Notional contract amount | 84 | 461,680 | ||
USD LIBOR | IBOR Reform | OTC derivatives | Equity and stock index derivatives | ||||
Disclosure of financial instruments by type of interest rate [line items] | ||||
Notional contract amount | 1,261 | 9,949 | ||
USD LIBOR | IBOR Reform | Derivatives cleared by central counterparty | ||||
Disclosure of financial instruments by type of interest rate [line items] | ||||
Notional contract amount | 2,119,420 | 2,211,729 | ||
USD LIBOR | IBOR Reform | Exchange traded derivatives | ||||
Disclosure of financial instruments by type of interest rate [line items] | ||||
Notional contract amount | 337,535 | 466,339 | ||
USD LIBOR | IBOR Reform | Other equity instruments | ||||
Disclosure of financial instruments by type of interest rate [line items] | ||||
Total equity | 295 | £ 3,062 | ||
USD LIBOR | IBOR Reform | With appropriate fallback clause | ||||
Disclosure of financial instruments by type of interest rate [line items] | ||||
Loans and advances at amortised cost | 7,770 | |||
Financial assets at fair value through the income statement | 4,282 | |||
Total financial assets | 12,052 | |||
Debt instruments issued | (2,493) | |||
Subordinated liabilities | 0 | |||
Financial liabilities designated at fair value | (1,740) | |||
Non-derivative financial liabilities | (4,233) | |||
Standby facilities, credit lines and other commitments | 64,632 | |||
Notional contract amount | 4,996,027 | |||
USD LIBOR | IBOR Reform | With appropriate fallback clause | OTC derivatives | Interest rate derivatives | ||||
Disclosure of financial instruments by type of interest rate [line items] | ||||
Notional contract amount | 2,538,218 | |||
USD LIBOR | IBOR Reform | With appropriate fallback clause | OTC derivatives | Foreign exchange derivatives | ||||
Disclosure of financial instruments by type of interest rate [line items] | ||||
Notional contract amount | 84 | |||
USD LIBOR | IBOR Reform | With appropriate fallback clause | OTC derivatives | Equity and stock index derivatives | ||||
Disclosure of financial instruments by type of interest rate [line items] | ||||
Notional contract amount | 770 | |||
USD LIBOR | IBOR Reform | With appropriate fallback clause | Derivatives cleared by central counterparty | ||||
Disclosure of financial instruments by type of interest rate [line items] | ||||
Notional contract amount | 2,119,420 | |||
USD LIBOR | IBOR Reform | With appropriate fallback clause | Exchange traded derivatives | ||||
Disclosure of financial instruments by type of interest rate [line items] | ||||
Notional contract amount | 337,535 | |||
USD LIBOR | IBOR Reform | With appropriate fallback clause | Other equity instruments | ||||
Disclosure of financial instruments by type of interest rate [line items] | ||||
Total equity | 0 | |||
USD LIBOR | IBOR Reform | Without appropriate fallback clause | ||||
Disclosure of financial instruments by type of interest rate [line items] | ||||
Loans and advances at amortised cost | 889 | |||
Financial assets at fair value through the income statement | 0 | |||
Total financial assets | 889 | |||
Debt instruments issued | 0 | |||
Subordinated liabilities | (344) | |||
Financial liabilities designated at fair value | 0 | |||
Non-derivative financial liabilities | (344) | |||
Standby facilities, credit lines and other commitments | 3,486 | |||
Notional contract amount | 56,541 | |||
USD LIBOR | IBOR Reform | Without appropriate fallback clause | OTC derivatives | Interest rate derivatives | ||||
Disclosure of financial instruments by type of interest rate [line items] | ||||
Notional contract amount | 56,050 | |||
USD LIBOR | IBOR Reform | Without appropriate fallback clause | OTC derivatives | Foreign exchange derivatives | ||||
Disclosure of financial instruments by type of interest rate [line items] | ||||
Notional contract amount | 0 | |||
USD LIBOR | IBOR Reform | Without appropriate fallback clause | OTC derivatives | Equity and stock index derivatives | ||||
Disclosure of financial instruments by type of interest rate [line items] | ||||
Notional contract amount | 491 | |||
USD LIBOR | IBOR Reform | Without appropriate fallback clause | Derivatives cleared by central counterparty | ||||
Disclosure of financial instruments by type of interest rate [line items] | ||||
Notional contract amount | 0 | |||
USD LIBOR | IBOR Reform | Without appropriate fallback clause | Exchange traded derivatives | ||||
Disclosure of financial instruments by type of interest rate [line items] | ||||
Notional contract amount | 0 | |||
USD LIBOR | IBOR Reform | Without appropriate fallback clause | Other equity instruments | ||||
Disclosure of financial instruments by type of interest rate [line items] | ||||
Total equity | £ (295) | |||
[1]For further details refer to Note 27. |