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FINANCIAL RISK MANAGEMENT - Schedule of Maturities of Assets and Liabilities (Details) - GBP (£)
£ in Millions
Dec. 31, 2022
Dec. 31, 2021
Dec. 31, 2020
Assets      
Cash and balances at central banks £ 91,388 £ 76,420 £ 73,257
Financial assets at fair value through profit or loss 180,609 206,771  
Derivative financial instruments 24,753 22,051  
Loans and advances to banks 10,632 7,001  
Loans and advances to customers 454,899 448,567  
Reverse repurchase agreements 44,865 54,753  
Debt securities 9,926 6,835  
Financial assets at amortised cost 520,322 517,156  
Financial assets at fair value through other comprehensive income 23,154 28,137  
Other assets [1] 13,837 14,690  
Total assets 877,829 886,525  
Liabilities      
Deposits from banks 7,266 7,647  
Segment customer deposits 475,331 476,344  
Repurchase agreements at amortised cost 48,596 31,125  
Financial liabilities at fair value through profit or loss 17,755 23,123  
Derivative financial instruments 24,042 18,060  
Debt securities in issue 73,819 71,552  
Other liabilities 19,090 19,947  
Subordinated liabilities 10,730 13,108 £ 14,261
Total liabilities 830,308 833,373  
Balance sheet maturity - legal basis      
Assets      
Cash and balances at central banks 91,388 76,420  
Financial assets at fair value through profit or loss 180,609 206,771  
Derivative financial instruments 24,753 22,051  
Loans and advances to banks 10,632 7,001  
Loans and advances to customers 454,899 448,567  
Reverse repurchase agreements 44,865 54,753  
Debt securities 9,926 6,835  
Financial assets at amortised cost 520,322 517,156  
Financial assets at fair value through other comprehensive income 23,154 28,137  
Other assets 37,603 35,990  
Total assets 877,829 886,525  
Liabilities      
Deposits from banks 7,266 7,647  
Segment customer deposits 475,331 476,344  
Repurchase agreements at amortised cost 48,596 31,125  
Financial liabilities at fair value through profit or loss 17,755 23,123  
Derivative financial instruments 24,042 18,060  
Debt securities in issue 73,819 71,552  
Liabilities arising from insurance and investment contracts 149,868 168,463  
Other liabilities 22,901 23,951  
Subordinated liabilities 10,730 13,108  
Total liabilities 830,308 833,373  
Up to 1 month £m | Balance sheet maturity - legal basis      
Assets      
Cash and balances at central banks 91,388 76,420  
Financial assets at fair value through profit or loss 12,019 10,706  
Derivative financial instruments 2,896 1,607  
Loans and advances to banks 4,756 4,350  
Loans and advances to customers 17,535 15,279  
Reverse repurchase agreements 14,530 13,678  
Debt securities 7 19  
Financial assets at amortised cost 36,828 33,326  
Financial assets at fair value through other comprehensive income 310 341  
Other assets 1,683 1,509  
Total assets 145,124 123,909  
Liabilities      
Deposits from banks 3,988 2,313  
Segment customer deposits 446,311 456,077  
Repurchase agreements at amortised cost 12,203 1,011  
Financial liabilities at fair value through profit or loss 5,245 5,711  
Derivative financial instruments 3,197 1,674  
Debt securities in issue 5,562 4,020  
Liabilities arising from insurance and investment contracts 1,288 1,532  
Other liabilities 6,137 3,721  
Subordinated liabilities 0 21  
Total liabilities 483,931 476,080  
1–3 months £m | Balance sheet maturity - legal basis      
Assets      
Cash and balances at central banks 0 0  
Financial assets at fair value through profit or loss 8,108 8,280  
Derivative financial instruments 1,823 804  
Loans and advances to banks 763 332  
Loans and advances to customers 7,628 8,624  
Reverse repurchase agreements 10,908 15,111  
Debt securities 219 1,217  
Financial assets at amortised cost 19,518 25,284  
Financial assets at fair value through other comprehensive income 273 598  
Other assets 1,071 1,200  
Total assets 30,793 36,166  
Liabilities      
Deposits from banks 364 376  
Segment customer deposits 8,074 6,177  
Repurchase agreements at amortised cost 6,183 92  
Financial liabilities at fair value through profit or loss 2,363 4,921  
Derivative financial instruments 1,647 826  
Debt securities in issue 9,761 5,555  
Liabilities arising from insurance and investment contracts 1,828 2,076  
Other liabilities 1,246 2,876  
Subordinated liabilities 0 0  
Total liabilities 31,466 22,899  
3–6 months £m | Balance sheet maturity - legal basis      
Assets      
Cash and balances at central banks 0 0  
Financial assets at fair value through profit or loss 3,269 6,093  
Derivative financial instruments 1,069 633  
Loans and advances to banks 896 327  
Loans and advances to customers 10,337 9,792  
Reverse repurchase agreements 11,600 16,651  
Debt securities 73 19  
Financial assets at amortised cost 22,906 26,789  
Financial assets at fair value through other comprehensive income 391 122  
Other assets 189 185  
Total assets 27,824 33,822  
Liabilities      
Deposits from banks 141 353  
Segment customer deposits 5,628 3,165  
Repurchase agreements at amortised cost 0 10  
Financial liabilities at fair value through profit or loss 1,526 2,439  
Derivative financial instruments 942 470  
Debt securities in issue 8,646 5,476  
Liabilities arising from insurance and investment contracts 2,598 2,921  
Other liabilities 393 631  
Subordinated liabilities 541 96  
Total liabilities 20,415 15,561  
6–9 months £m | Balance sheet maturity - legal basis      
Assets      
Cash and balances at central banks 0 0  
Financial assets at fair value through profit or loss 2,186 2,840  
Derivative financial instruments 656 304  
Loans and advances to banks 700 11  
Loans and advances to customers 8,849 10,949  
Reverse repurchase agreements 4,035 5,107  
Debt securities 275 71  
Financial assets at amortised cost 13,859 16,138  
Financial assets at fair value through other comprehensive income 456 322  
Other assets 700 528  
Total assets 17,857 20,132  
Liabilities      
Deposits from banks 139 177  
Segment customer deposits 2,953 2,053  
Repurchase agreements at amortised cost 0 3  
Financial liabilities at fair value through profit or loss 1,431 1,969  
Derivative financial instruments 739 341  
Debt securities in issue 3,940 6,320  
Liabilities arising from insurance and investment contracts 2,434 2,894  
Other liabilities 1,486 1,024  
Subordinated liabilities 662 0  
Total liabilities 13,784 14,781  
9–12 months £m | Balance sheet maturity - legal basis      
Assets      
Cash and balances at central banks 0 0  
Financial assets at fair value through profit or loss 858 878  
Derivative financial instruments 637 309  
Loans and advances to banks 352 32  
Loans and advances to customers 9,952 11,107  
Reverse repurchase agreements 285 2,526  
Debt securities 77 305  
Financial assets at amortised cost 10,666 13,970  
Financial assets at fair value through other comprehensive income 665 1,552  
Other assets 211 147  
Total assets 13,037 16,856  
Liabilities      
Deposits from banks 408 223  
Segment customer deposits 4,695 1,296  
Repurchase agreements at amortised cost 0 0  
Financial liabilities at fair value through profit or loss 665 224  
Derivative financial instruments 779 352  
Debt securities in issue 2,114 4,129  
Liabilities arising from insurance and investment contracts 2,324 3,312  
Other liabilities 521 778  
Subordinated liabilities 0 0  
Total liabilities 11,506 10,314  
1–2 years £m | Balance sheet maturity - legal basis      
Assets      
Cash and balances at central banks 0 0  
Financial assets at fair value through profit or loss 2,827 1,784  
Derivative financial instruments 1,424 947  
Loans and advances to banks 78 29  
Loans and advances to customers 33,886 32,096  
Reverse repurchase agreements 2,924 762  
Debt securities 874 220  
Financial assets at amortised cost 37,762 33,107  
Financial assets at fair value through other comprehensive income 2,324 3,029  
Other assets 357 515  
Total assets 44,694 39,382  
Liabilities      
Deposits from banks 4 353  
Segment customer deposits 3,887 4,883  
Repurchase agreements at amortised cost 0 0  
Financial liabilities at fair value through profit or loss 615 212  
Derivative financial instruments 2,030 1,105  
Debt securities in issue 10,124 10,152  
Liabilities arising from insurance and investment contracts 9,172 10,606  
Other liabilities 523 567  
Subordinated liabilities 915 1,307  
Total liabilities 27,270 29,185  
2–5 years £m | Balance sheet maturity - legal basis      
Assets      
Cash and balances at central banks 0 0  
Financial assets at fair value through profit or loss 7,565 7,553  
Derivative financial instruments 2,828 1,997  
Loans and advances to banks 3,084 1,918  
Loans and advances to customers 78,857 77,714  
Reverse repurchase agreements 583 918  
Debt securities 6,475 2,735  
Financial assets at amortised cost 88,999 83,285  
Financial assets at fair value through other comprehensive income 9,334 8,861  
Other assets 922 948  
Total assets 109,648 102,644  
Liabilities      
Deposits from banks 2,222 3,774  
Segment customer deposits 3,402 2,327  
Repurchase agreements at amortised cost 30,210 30,009  
Financial liabilities at fair value through profit or loss 1,476 1,748  
Derivative financial instruments 3,850 1,962  
Debt securities in issue 23,964 22,496  
Liabilities arising from insurance and investment contracts 27,618 30,663  
Other liabilities 753 743  
Subordinated liabilities 3,770 6,464  
Total liabilities 97,265 100,186  
Over 5 years £m | Balance sheet maturity - legal basis      
Assets      
Cash and balances at central banks 0 0  
Financial assets at fair value through profit or loss 143,777 168,637  
Derivative financial instruments 13,420 15,450  
Loans and advances to banks 3 2  
Loans and advances to customers 287,855 283,006  
Reverse repurchase agreements 0 0  
Debt securities 1,926 2,249  
Financial assets at amortised cost 289,784 285,257  
Financial assets at fair value through other comprehensive income 9,401 13,312  
Other assets 32,470 30,958  
Total assets 488,852 513,614  
Liabilities      
Deposits from banks 0 78  
Segment customer deposits 381 366  
Repurchase agreements at amortised cost 0 0  
Financial liabilities at fair value through profit or loss 4,434 5,899  
Derivative financial instruments 10,858 11,330  
Debt securities in issue 9,708 13,404  
Liabilities arising from insurance and investment contracts 102,606 114,459  
Other liabilities 11,842 13,611  
Subordinated liabilities 4,842 5,220  
Total liabilities £ 144,671 £ 164,367  
[1] 1    See note 1 regarding changes to presentation.