SUBORDINATED LIABILITIES (Tables)

12 Months Ended

Dec. 31, 2018

SUBORDINATED LIABILITIES (Tables) [Line Items]

Disclosure of movement in subordinated liabilities [text block]

The movement in subordinated liabilities during the year was as follows:

	Preference shares £m			Preferred securities £m			Undated subordinated liabilities £m			Dated subordinated liabilities £m			Total £m
At 1 January 2017		864			4,134			599			14,234			19,831
Repurchases and redemptions during the year1		–			(237	)		–			(771	)		(1,008	)
Foreign exchange movements		(43	)		(221	)		(34	)		(487	)		(785	)
Other movements (all non-cash)		(8	)		14			–			(122	)		(116	)
At 31 December 2017		813			3,690			565			12,854			17,922
Issued during the year1		–			–			–			1,729			1,729
Repurchases and redemptions during the year1		–			(614	)		–			(1,642	)		(2,256	)
Foreign exchange movements		18			131			20			377			546
Other movements (all non-cash)		(28	)		(2	)		3			(258	)		(285	)
At 31 December 2018		803			3,205			588			13,060			17,656

1  The repurchases and redemptions resulted in cash outflows of £2,256 million (2017: £1,008 million).

Disclosure of repurchase and reverse repurchase agreements [text block]

Repurchases and redemptions during 2018
Preferred securities	£m
6.461% Guaranteed Non-voting Non-cumulative Perpetual Preferred Securities	600
Undated Perpetual Preferred Securities	14
	614
Dated subordinated liabilities	£m
10.5% Subordinated Bonds callable 2018	150
6.75% Subordinated Fixed Rate Notes callable 2018	1,492
	1,642

Repurchases and redemptions during 2017
Preferred securities	£m
7.627% Fixed to Floating Rate Guaranteed Non-voting Non-cumulative	163
Preferred Securities
4.385% Step-up Perpetual Capital Securities callable 2017 (€750 million)	74
	237
Dated subordinated liabilities	£m
Subordinated Callable Notes 2017	771
	771

Dated subordinated liabilities [Member]

SUBORDINATED LIABILITIES (Tables) [Line Items]

Disclosure of movement in subordinated liabilities [text block]

Issued during 2018
Dated subordinated liabilities	£m
1.75% Subordinated Fixed Rate Notes 2028 callable 2023		664
4.344% Subordinated Fixed Rate Notes callable 2048		1,065

1,729