| Disclosure of interest income [text block] |
| | |
Weighted
average
effective interest rate | |
| | |
| | |
| |
| | |
2018
% | | |
2017
% | | |
2016
% | | |
2018
£m | | |
2017
£m | | |
2016
£m | |
| Interest and similar income: | |
| | | |
| | | |
| | | |
| | | |
| | | |
| | |
| Loans and advances to customers | |
| 3.17 | | |
| 3.16 | | |
| 3.32 | | |
| 15,078 | | |
| 14,712 | | |
| 15,190 | |
| Loans and advances to banks | |
| 0.84 | | |
| 0.40 | | |
| 0.46 | | |
| 565 | | |
| 271 | | |
| 381 | |
| Debt securities held at amortised cost | |
| 1.60 | | |
| 1.29 | | |
| 1.47 | | |
| 66 | | |
| 43 | | |
| 56 | |
| Held-to-maturity investments | |
| | | |
| — | | |
| 1.44 | | |
| | | |
| — | | |
| 231 | |
| Interest receivable on financial assets held at amortised cost | |
| 2.87 | | |
| 2.81 | | |
| 2.83 | | |
| 15,709 | | |
| 15,026 | | |
| 15,858 | |
| Financial assets at fair value through other comprehensive income | |
| 1.98 | | |
| | | |
| | | |
| 640 | | |
| | | |
| | |
| Available-for-sale financial assets | |
| | | |
| 1.96 | | |
| 1.88 | | |
| | | |
| 980 | | |
| 762 | |
| Total interest and similar income1 | |
| 2.82 | | |
| 2.73 | | |
| 2.77 | | |
| 16,349 | | |
| 16,006 | | |
| 16,620 | |
| Interest and similar expense: | |
| | | |
| | | |
| | | |
| | | |
| | | |
| | |
| Deposits from banks, excluding liabilities under sale and | |
| | | |
| | | |
| | | |
| | | |
| | | |
| | |
| repurchase transactions | |
| 1.39 | | |
| 1.18 | | |
| 0.65 | | |
| (117 | ) | |
| (80 | ) | |
| (68 | ) |
| Customer deposits, excluding liabilities under sale and | |
| | | |
| | | |
| | | |
| | | |
| | | |
| | |
| repurchase transactions | |
| 0.53 | | |
| 0.49 | | |
| 0.69 | | |
| (1,813 | ) | |
| (1,722 | ) | |
| (2,520 | ) |
| Debt securities in issue2 | |
| 0.27 | | |
| 0.37 | | |
| 0.94 | | |
| (234 | ) | |
| (266 | ) | |
| (799 | ) |
| Subordinated liabilities | |
| 7.63 | | |
| 7.93 | | |
| 8.35 | | |
| (1,388 | ) | |
| (1,481 | ) | |
| (1,864 | ) |
| Liabilities under sale and repurchase agreements | |
| 0.96 | | |
| 0.58 | | |
| 0.46 | | |
| (245 | ) | |
| (110 | ) | |
| (38 | ) |
| Interest payable on liabilities held at amortised cost | |
| 0.79 | | |
| 0.79 | | |
| 1.07 | | |
| (3,797 | ) | |
| (3,659 | ) | |
| (5,289 | ) |
| Amounts payable to unitholders in consolidated | |
| | | |
| | | |
| | | |
| | | |
| | | |
| | |
| open-ended investment vehicles | |
| (6.07 | ) | |
| 9.15 | | |
| 10.85 | | |
| 844 | | |
| (1,435 | ) | |
| (2,057 | ) |
| Total interest and similar expense3 | |
| 0.60 | | |
| 1.06 | | |
| 1.44 | | |
| (2,953 | ) | |
| (5,094 | ) | |
| (7,346 | ) |
| Net interest income | |
| | | |
| | | |
| | | |
| 13,396 | | |
| 10,912 | | |
| 9,274 | |
| 1 |
Includes £31 million (2017: £12 million; 2016: £nil) of interest income on liabilities
with negative interest rates. |
| |
|
| 2 |
The impact of the Group’s hedging arrangements is included on this line; excluding this impact the weighted average
effective interest rate in respect of debt securities in issue would be 2.68 per cent (2017: 2.43 per cent; 2016: 2.70 per
cent). |
| |
|
| 3 |
Includes £10 million (2017: £50 million; 2016: £51 million) of interest expense on assets with negative
interest rates. |
|