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Financial risk management - Schedule of Maturities of Assets and Liabilities (Details) - GBP (£)
£ in Millions
Dec. 31, 2023
Dec. 31, 2022
Dec. 31, 2021
[1]
Assets      
Cash and balances at central banks £ 78,110 £ 91,388 [1] £ 76,420
Financial assets at fair value through profit or loss 203,318 180,769 [1] 206,971
Derivative financial instruments 22,356 24,753 [1] 22,051
Loans and advances to banks 10,764 10,632 [1] 7,001
Loans and advances to customers 449,745 454,899 [1] 448,567
Reverse repurchase agreements 38,771 44,865 [1] 54,753
Debt securities 15,355 9,926 [1] 6,835
Financial assets at amortised cost 514,635 520,322 [1] 517,156
Financial assets at fair value through other comprehensive income 27,592 23,154 [1] 28,137
Other assets 17,144 14,536 [1] 15,142
Total assets 881,453 873,394 [1] 881,257
Liabilities      
Deposits from banks 6,153 7,266  
Customer deposits 471,396 475,331 [1] 476,344
Repurchase agreements at amortised cost 37,703 48,596 [1] 31,125
Financial liabilities at fair value through profit or loss 24,914 17,755 [1] 23,123
Derivative financial instruments 20,149 24,042 [1] 18,060
Debt securities in issue at amortised cost 80,857 78,978  
Liabilities arising from insurance and participating investment contracts 120,123 110,278 [1] 125,179
Participating investment contracts 44,978 39,476 [1] 40,890
Other liabilities 19,026 18,764 [1] 19,367
Subordinated liabilities 10,253 10,730 [1] 13,108
Total liabilities 834,088 829,483 [1] £ 830,040
Balance sheet maturity - legal basis      
Assets      
Cash and balances at central banks 78,110 91,388  
Financial assets at fair value through profit or loss 203,318 180,769  
Derivative financial instruments 22,356 24,753  
Loans and advances to banks 10,764 10,632  
Loans and advances to customers 449,745 454,899  
Reverse repurchase agreements 38,771 44,865  
Debt securities 15,355 9,926  
Financial assets at amortised cost 514,635 520,322  
Financial assets at fair value through other comprehensive income 27,592 23,154  
Other assets 35,442 33,008  
Total assets 881,453 873,394  
Liabilities      
Deposits from banks 6,153 7,266  
Customer deposits 471,396 475,331  
Repurchase agreements at amortised cost 37,703 48,596  
Financial liabilities at fair value through profit or loss 24,914 17,755  
Derivative financial instruments 20,149 24,042  
Debt securities in issue at amortised cost 75,592 73,819  
Liabilities arising from insurance and participating investment contracts 120,123 110,278  
Participating investment contracts 44,978 39,476  
Other liabilities 22,827 22,190  
Subordinated liabilities 10,253 10,730  
Total liabilities 834,088 829,483  
Up to 1 month £m | Balance sheet maturity - legal basis      
Assets      
Cash and balances at central banks 78,110 91,388  
Financial assets at fair value through profit or loss 13,286 12,019  
Derivative financial instruments 2,747 2,896  
Loans and advances to banks 5,768 4,756  
Loans and advances to customers 19,148 17,535  
Reverse repurchase agreements 19,475 14,530  
Debt securities 427 7  
Financial assets at amortised cost 44,818 36,828  
Financial assets at fair value through other comprehensive income 276 310  
Other assets 1,901 1,537  
Total assets 141,138 144,978  
Liabilities      
Deposits from banks 2,092 3,988  
Customer deposits 427,657 446,311  
Repurchase agreements at amortised cost 3,222 12,203  
Financial liabilities at fair value through profit or loss 8,971 5,245  
Derivative financial instruments 2,821 3,197  
Debt securities in issue at amortised cost 1,954 5,562  
Liabilities arising from insurance and participating investment contracts 456 574  
Participating investment contracts 348 439  
Other liabilities 5,846 5,680  
Subordinated liabilities 0 0  
Total liabilities 453,367 483,199  
1 to 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 8,279 8,108  
Derivative financial instruments 1,380 1,823  
Loans and advances to banks 1,213 763  
Loans and advances to customers 11,274 7,628  
Reverse repurchase agreements 10,242 10,908  
Debt securities 185 219  
Financial assets at amortised cost 22,914 19,518  
Financial assets at fair value through other comprehensive income 428 273  
Other assets 1,024 969  
Total assets 34,025 30,691  
Liabilities      
Deposits from banks 1,065 364  
Customer deposits 11,052 8,074  
Repurchase agreements at amortised cost 4,057 6,183  
Financial liabilities at fair value through profit or loss 4,115 2,363  
Derivative financial instruments 1,381 1,647  
Debt securities in issue at amortised cost 8,057 9,761  
Liabilities arising from insurance and participating investment contracts 324 422  
Participating investment contracts 527 497  
Other liabilities 1,169 1,236  
Subordinated liabilities 0 0  
Total liabilities 31,747 30,547  
3 to 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 6,192 3,269  
Derivative financial instruments 907 1,069  
Loans and advances to banks 873 896  
Loans and advances to customers 13,310 10,337  
Reverse repurchase agreements 5,002 11,600  
Debt securities 7 73  
Financial assets at amortised cost 19,192 22,906  
Financial assets at fair value through other comprehensive income 221 391  
Other assets 71 47  
Total assets 26,583 27,682  
Liabilities      
Deposits from banks 201 141  
Customer deposits 9,138 5,628  
Repurchase agreements at amortised cost 23 0  
Financial liabilities at fair value through profit or loss 4,883 1,526  
Derivative financial instruments 814 942  
Debt securities in issue at amortised cost 9,260 8,646  
Liabilities arising from insurance and participating investment contracts 12 94  
Participating investment contracts 789 736  
Other liabilities 372 378  
Subordinated liabilities 15 541  
Total liabilities 25,507 18,632  
6 to 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 1,999 2,186  
Derivative financial instruments 693 656  
Loans and advances to banks 413 700  
Loans and advances to customers 11,555 8,849  
Reverse repurchase agreements 1,969 4,035  
Debt securities 93 275  
Financial assets at amortised cost 14,030 13,859  
Financial assets at fair value through other comprehensive income 272 456  
Other assets 777 589  
Total assets 17,771 17,746  
Liabilities      
Deposits from banks 218 139  
Customer deposits 6,925 2,953  
Repurchase agreements at amortised cost 2 0  
Financial liabilities at fair value through profit or loss 479 1,431  
Derivative financial instruments 660 739  
Debt securities in issue at amortised cost 5,873 3,940  
Liabilities arising from insurance and participating investment contracts 178 163  
Participating investment contracts 787 742  
Other liabilities 1,532 1,476  
Subordinated liabilities 47 662  
Total liabilities 16,701 12,245  
9 to 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 1,499 858  
Derivative financial instruments 448 637  
Loans and advances to banks 228 352  
Loans and advances to customers 10,326 9,952  
Reverse repurchase agreements 620 285  
Debt securities 297 77  
Financial assets at amortised cost 11,471 10,666  
Financial assets at fair value through other comprehensive income 617 665  
Other assets 65 132  
Total assets 14,100 12,958  
Liabilities      
Deposits from banks 184 408  
Customer deposits 6,093 4,695  
Repurchase agreements at amortised cost 0 0  
Financial liabilities at fair value through profit or loss 169 665  
Derivative financial instruments 526 779  
Debt securities in issue at amortised cost 4,554 2,114  
Liabilities arising from insurance and participating investment contracts 287 331  
Participating investment contracts 776 716  
Other liabilities 469 515  
Subordinated liabilities 789 0  
Total liabilities 13,847 10,223  
1 to 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 3,403 2,827  
Derivative financial instruments 1,094 1,424  
Loans and advances to banks 579 78  
Loans and advances to customers 32,667 33,886  
Reverse repurchase agreements 754 2,924  
Debt securities 2,588 874  
Financial assets at amortised cost 36,588 37,762  
Financial assets at fair value through other comprehensive income 1,663 2,324  
Other assets 137 71  
Total assets 42,885 44,408  
Liabilities      
Deposits from banks 349 4  
Customer deposits 7,685 3,887  
Repurchase agreements at amortised cost 21,448 0  
Financial liabilities at fair value through profit or loss 658 615  
Derivative financial instruments 1,420 2,030  
Debt securities in issue at amortised cost 12,489 10,124  
Liabilities arising from insurance and participating investment contracts 2,485 1,247  
Participating investment contracts 4,280 2,793  
Other liabilities 639 499  
Subordinated liabilities 1,943 915  
Total liabilities 53,396 22,114  
2 to 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 9,420 7,726  
Derivative financial instruments 2,448 2,828  
Loans and advances to banks 1,686 3,084  
Loans and advances to customers 72,029 78,857  
Reverse repurchase agreements 709 583  
Debt securities 5,742 6,475  
Financial assets at amortised cost 80,166 88,999  
Financial assets at fair value through other comprehensive income 11,587 9,334  
Other assets 160 129  
Total assets 103,781 109,016  
Liabilities      
Deposits from banks 2,044 2,222  
Customer deposits 2,520 3,402  
Repurchase agreements at amortised cost 8,951 30,210  
Financial liabilities at fair value through profit or loss 926 1,476  
Derivative financial instruments 2,829 3,850  
Debt securities in issue at amortised cost 24,418 23,964  
Liabilities arising from insurance and participating investment contracts 11,235 8,465  
Participating investment contracts 9,517 9,890  
Other liabilities 876 688  
Subordinated liabilities 3,130 3,770  
Total liabilities 66,446 87,937  
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 159,240 143,776  
Derivative financial instruments 12,639 13,420  
Loans and advances to banks 4 3  
Loans and advances to customers 279,436 287,855  
Reverse repurchase agreements 0 0  
Debt securities 6,016 1,926  
Financial assets at amortised cost 285,456 289,784  
Financial assets at fair value through other comprehensive income 12,528 9,401  
Other assets 31,307 29,534  
Total assets 501,170 485,915  
Liabilities      
Deposits from banks 0 0  
Customer deposits 326 381  
Repurchase agreements at amortised cost 0 0  
Financial liabilities at fair value through profit or loss 4,713 4,434  
Derivative financial instruments 9,698 10,858  
Debt securities in issue at amortised cost 8,987 9,708  
Liabilities arising from insurance and participating investment contracts 105,146 98,982  
Participating investment contracts 27,954 23,663  
Other liabilities 11,924 11,718  
Subordinated liabilities 4,329 4,842  
Total liabilities £ 173,077 £ 164,586  
[1]
1    Restated for presentational changes and for the adoption of IFRS 17; see notes 1 and 54.