SECURITISATIONS AND COVERED BONDS (Tables)

12 Months Ended

Dec. 31, 2018

Disclosure Of Securitisations Programmes And Transactions [Abstract]

Information about Securitisation programmes and transactions

The Group’s principal securitisation and covered bond programmes, together with the balances of the advances subject to these arrangements and the carrying value of the notes in issue at 31 December, are listed below. The notes in issue are reported in note 29.

	2018					2017
	Loans and advances securitised £m		Notes in issue £m			Loans and advances securitised £m		Notes in issue £m
Securitisation programmes
UK residential mortgages		25,018		22,485			21,158		14,105
Commercial loans		5,746		6,577			6,616		7,001
Credit card receivables		8,060		5,263			7,701		4,090
Motor vehicle finance		2,850		2,855			–		–
		41,674		37,180			35,475		25,196
Less held by the Group				(31,701	)				(21,536	)
Total securitisation programmes (notes 28 and 29)1				5,479					3,660
Covered bond programmes
Residential mortgage-backed		34,963		27,694			30,361		25,632
Social housing loan-backed		1,839		1,200			1,628		1,200
		36,802		28,894			31,989		26,832
Less held by the Group				(700	)				(700	)
Total covered bond programmes (note 29)				28,194					26,132
Total securitisation and covered bond programmes				33,673					29,792

1 Includes £53 million (2017: £nil) of securitisation notes held at fair value through profit or loss.