|
Page
|
Results for the half-year
|
1
|
Income
statement - underlying basis and key balance sheet
metrics
|
2
|
Quarterly
information
|
3
|
Balance
sheet analysis
|
4
|
Group results - statutory
basis
|
5
|
Group
Chief Executive's statement
|
7
|
Summary
of Group results
|
10
|
Segmental
analysis - underlying basis
|
21
|
|
|
Divisional results
|
|
Retail
|
23
|
Commercial
Banking
|
25
|
Insurance
and Wealth
|
27
|
Equity Investments and Central Items
|
31
|
|
|
Alternative
performance measures
|
32
|
|
|
Risk management
|
|
Principal
risks and uncertainties
|
37
|
Interest
rate sensitivity
|
38
|
Credit
risk
|
39
|
Funding
and liquidity risk
|
59
|
Capital
risk
|
64
|
|
|
Statutory information
|
|
Condensed
consolidated half-year financial statements
(unaudited)
|
73
|
Consolidated
income statement
|
74
|
Consolidated
statement of comprehensive income
|
75
|
Consolidated
balance sheet
|
76
|
Consolidated
statement of changes in equity
|
78
|
Consolidated
cash flow statement
|
81
|
Notes
to the condensed consolidated half-year financial
statements
|
82
|
|
|
Statement of Directors'
responsibilities
|
128
|
Independent
review report to Lloyds Banking Group plc
|
129
|
Basis
of presentation
|
131
|
Forward
looking statements
|
132
|
|
Half-year to 30 Jun2022£m
|
|
|
Half-year
to 30 Jun
2021
£m
|
|
|
Change
%
|
|
Half-year
to 31 Dec 2021
£m
|
|
|
Change
%
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Underlying net interest income
|
6,135
|
|
|
5,418
|
|
|
13
|
|
5,745
|
|
|
7
|
Underlying other income
|
2,529
|
|
|
2,417
|
|
|
5
|
|
2,643
|
|
|
(4)
|
Operating lease depreciation
|
(213)
|
|
|
(271)
|
|
|
21
|
|
(189)
|
|
|
(13)
|
Net income
|
8,451
|
|
|
7,564
|
|
|
12
|
|
8,199
|
|
|
3
|
Operating
costs1
|
(4,249)
|
|
|
(4,053)
|
|
|
(5)
|
|
(4,259)
|
|
|
|
Remediation
|
(79)
|
|
|
(425)
|
|
|
81
|
|
(875)
|
|
|
91
|
Total costs
|
(4,328)
|
|
|
(4,478)
|
|
|
3
|
|
(5,134)
|
|
|
16
|
Underlying profit before impairment
|
4,123
|
|
|
3,086
|
|
|
34
|
|
3,065
|
|
|
35
|
Underlying
impairment (charge) credit1
|
(377)
|
|
|
734
|
|
|
|
|
651
|
|
|
|
Underlying profit
|
3,746
|
|
|
3,820
|
|
|
(2)
|
|
3,716
|
|
|
1
|
Restructuring1
|
(47)
|
|
|
(10)
|
|
|
|
|
(442)
|
|
|
89
|
Volatility and other items
|
(38)
|
|
|
95
|
|
|
|
|
(277)
|
|
|
86
|
Statutory profit before tax
|
3,661
|
|
|
3,905
|
|
|
(6)
|
|
2,997
|
|
|
22
|
Tax expense
|
(835)
|
|
|
(40)
|
|
|
|
|
(977)
|
|
|
15
|
Statutory profit after tax
|
2,826
|
|
|
3,865
|
|
|
(27)
|
|
2,020
|
|
|
40
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Earnings per share
|
3.7p
|
|
|
5.1p
|
|
|
(1.4)p
|
|
2.4p
|
|
|
1.3p
|
Interim dividend per share - ordinary
|
0.80p
|
|
|
0.67p
|
|
|
|
|
|
|
|
|
Banking
net interest marginA
|
2.77%
|
|
|
2.50%
|
|
|
27bp
|
|
2.56%
|
|
|
21bp
|
Average
interest-earning banking assetsA
|
£449.6bn
|
|
|
£440.8bn
|
|
|
2
|
|
£448.3bn
|
|
|
|
Cost:income
ratioA,1
|
51.2%
|
|
|
59.2%
|
|
|
(8.0)pp
|
|
62.6%
|
|
|
(11.4)pp
|
Asset
quality ratioA,1
|
0.17%
|
|
|
(0.33)%
|
|
|
|
|
(0.28)%
|
|
|
|
Return
on tangible equityA
|
13.2%
|
|
|
19.2%
|
|
|
(6.0)pp
|
|
8.6%
|
|
|
4.6pp
|
|
At 30 Jun2022
|
|
|
At 30 Jun2021
|
|
|
Change
%
|
|
At 31 Dec2021
|
|
|
Change
%
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Loans and advances to customers
|
£456.1bn
|
|
|
£447.7bn
|
|
|
2
|
|
£448.6bn
|
|
|
2
|
Customer deposits
|
£478.2bn
|
|
|
£474.4bn
|
|
|
1
|
|
£476.3bn
|
|
|
|
Loan to
deposit ratioA
|
95%
|
|
|
94%
|
|
|
1pp
|
|
94%
|
|
|
1pp
|
CET1
ratio
|
14.7%
|
|
|
16.7%
|
|
|
(2.0)pp
|
|
17.3%
|
|
|
(2.6)pp
|
Pro
forma CET1 ratioA,1
|
14.8%
|
|
|
16.7%
|
|
|
(1.9)pp
|
|
16.3%
|
|
|
(1.5)pp
|
Total
capital ratio
|
19.3%
|
|
|
23.1%
|
|
|
(3.8)pp
|
|
23.6%
|
|
|
(4.3)pp
|
MREL
ratio
|
32.4%
|
|
|
36.3%
|
|
|
(3.9)pp
|
|
37.2%
|
|
|
(4.8)pp
|
UK
leverage ratio
|
5.3%
|
|
|
5.8%
|
|
|
(0.5)pp
|
|
5.8%
|
|
|
(0.5)pp
|
Risk-weighted assets
|
£209.6bn
|
|
|
£200.9bn
|
|
|
4
|
|
£196.0bn
|
|
|
7
|
Wholesale
funding2
|
£97.7bn
|
|
|
£105.0bn
|
|
|
(7)
|
|
£93.1bn
|
|
|
5
|
Liquidity
coverage ratio2
|
141.8%
|
|
|
131.0%
|
|
|
10.8pp
|
|
135.0%
|
|
|
6.8pp
|
Tangible
net assets per shareA
|
54.8p
|
|
|
55.6p
|
|
|
(0.8)p
|
|
57.5p
|
|
|
(2.7)p
|
|
Quarter ended30 Jun 2022£m
|
|
|
Quarter
ended
31 Mar
2022
£m
|
|
|
Quarter
ended
31 Dec
2021
£m
|
|
|
Quarter
ended
30 Sep
2021
£m
|
|
|
Quarter
ended
30 Jun
2021
£m
|
|
|
Quarter
ended
31 Mar
2021
£m
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Underlying net interest income
|
3,190
|
|
|
2,945
|
|
|
2,893
|
|
|
2,852
|
|
|
2,741
|
|
|
2,677
|
|
Underlying other income
|
1,268
|
|
|
1,261
|
|
|
1,307
|
|
|
1,336
|
|
|
1,282
|
|
|
1,135
|
|
Operating lease depreciation
|
(119)
|
|
|
(94)
|
|
|
(78)
|
|
|
(111)
|
|
|
(123)
|
|
|
(148)
|
|
Net income
|
4,339
|
|
|
4,112
|
|
|
4,122
|
|
|
4,077
|
|
|
3,900
|
|
|
3,664
|
|
Operating
costs1
|
(2,151)
|
|
|
(2,098)
|
|
|
(2,246)
|
|
|
(2,013)
|
|
|
(2,008)
|
|
|
(2,045)
|
|
Remediation
|
(27)
|
|
|
(52)
|
|
|
(775)
|
|
|
(100)
|
|
|
(360)
|
|
|
(65)
|
|
Total costs
|
(2,178)
|
|
|
(2,150)
|
|
|
(3,021)
|
|
|
(2,113)
|
|
|
(2,368)
|
|
|
(2,110)
|
|
Underlying profit before impairment
|
2,161
|
|
|
1,962
|
|
|
1,101
|
|
|
1,964
|
|
|
1,532
|
|
|
1,554
|
|
Underlying
impairment (charge) credit1
|
(200)
|
|
|
(177)
|
|
|
532
|
|
|
119
|
|
|
374
|
|
|
360
|
|
Underlying profit
|
1,961
|
|
|
1,785
|
|
|
1,633
|
|
|
2,083
|
|
|
1,906
|
|
|
1,914
|
|
Restructuring1
|
(23)
|
|
|
(24)
|
|
|
(418)
|
|
|
(24)
|
|
|
6
|
|
|
(16)
|
|
Volatility and other items
|
100
|
|
|
(138)
|
|
|
(247)
|
|
|
(30)
|
|
|
95
|
|
|
-
|
|
Statutory profit before tax
|
2,038
|
|
|
1,623
|
|
|
968
|
|
|
2,029
|
|
|
2,007
|
|
|
1,898
|
|
Tax (expense) credit
|
(416)
|
|
|
(419)
|
|
|
(548)
|
|
|
(429)
|
|
|
461
|
|
|
(501)
|
|
Statutory profit after tax
|
1,622
|
|
|
1,204
|
|
|
420
|
|
|
1,600
|
|
|
2,468
|
|
|
1,397
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Banking
net interest marginA
|
2.87%
|
|
|
2.68%
|
|
|
2.57%
|
|
|
2.55%
|
|
|
2.51%
|
|
|
2.49%
|
|
Average
interest-earning banking assetsA
|
£451.2bn
|
|
|
£448.0bn
|
|
|
£449.4bn
|
|
|
£447.2bn
|
|
|
£442.2bn
|
|
|
£439.4bn
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Cost:income
ratioA,1
|
50.2%
|
|
|
52.3%
|
|
|
73.3%
|
|
|
51.8%
|
|
|
60.7%
|
|
|
57.6%
|
|
Asset
quality ratioA,1
|
0.17%
|
|
|
0.16%
|
|
|
(0.46)%
|
|
|
(0.10)%
|
|
|
(0.33)%
|
|
|
(0.33)%
|
|
Return
on tangible equityA
|
15.6%
|
|
|
10.8%
|
|
|
2.9%
|
|
|
14.5%
|
|
|
24.4%
|
|
|
13.9%
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Loans and advances to customers
|
£456.1bn
|
|
|
£451.8bn
|
|
|
£448.6bn
|
|
|
£450.5bn
|
|
|
£447.7bn
|
|
|
£443.5bn
|
|
Customer deposits
|
£478.2bn
|
|
|
£481.1bn
|
|
|
£476.3bn
|
|
|
£479.1bn
|
|
|
£474.4bn
|
|
|
£462.4bn
|
|
Loan to
deposit ratioA
|
95%
|
|
|
94%
|
|
|
94%
|
|
|
94%
|
|
|
94%
|
|
|
96%
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Risk-weighted assets
|
£209.6bn
|
|
|
£210.2bn
|
|
|
£196.0bn
|
|
|
£200.7bn
|
|
|
£200.9bn
|
|
|
£198.9bn
|
|
Tangible
net assets per shareA
|
54.8p
|
|
|
56.5p
|
|
|
57.5p
|
|
|
56.6p
|
|
|
55.6p
|
|
|
52.4p
|
|
|
At 30 Jun2022£bn
|
|
|
At 31 Mar2022£bn
|
|
|
Change
%
|
|
At 30 Jun2021£bn
|
|
|
Change
%
|
|
At 31 Dec2021£bn
|
|
|
Change
%
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Loans and advances to customers
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Open mortgage book
|
296.6
|
|
|
295.0
|
|
|
1
|
|
289.9
|
|
|
2
|
|
293.3
|
|
|
1
|
Closed mortgage book
|
13.1
|
|
|
13.7
|
|
|
(4)
|
|
15.3
|
|
|
(14)
|
|
14.2
|
|
|
(8)
|
Credit cards
|
14.5
|
|
|
14.1
|
|
|
3
|
|
13.6
|
|
|
7
|
|
14.1
|
|
|
3
|
UK Retail unsecured loans
|
8.5
|
|
|
8.2
|
|
|
4
|
|
8.0
|
|
|
6
|
|
8.1
|
|
|
5
|
UK Motor Finance
|
14.2
|
|
|
14.1
|
|
|
1
|
|
14.4
|
|
|
(1)
|
|
14.0
|
|
|
1
|
Overdrafts
|
1.0
|
|
|
1.0
|
|
|
|
|
1.0
|
|
|
|
|
1.0
|
|
|
|
Retail
other1
|
12.5
|
|
|
11.5
|
|
|
9
|
|
10.5
|
|
|
19
|
|
10.9
|
|
|
15
|
SME2
|
37.4
|
|
|
38.3
|
|
|
(2)
|
|
40.4
|
|
|
(7)
|
|
39.0
|
|
|
(4)
|
Mid
Corporates
|
3.4
|
|
|
3.4
|
|
|
|
|
3.8
|
|
|
(11)
|
|
3.3
|
|
|
3
|
Corporate
and Institutional
|
51.7
|
|
|
49.0
|
|
|
6
|
|
44.9
|
|
|
15
|
|
46.1
|
|
|
12
|
Commercial Banking other
|
4.0
|
|
|
4.1
|
|
|
(2)
|
|
3.9
|
|
|
3
|
|
3.8
|
|
|
5
|
Wealth
and Central Items3
|
(0.8)
|
|
|
(0.6)
|
|
|
33
|
|
2.0
|
|
|
|
|
0.8
|
|
|
|
Loans and advances to customers
|
456.1
|
|
|
451.8
|
|
|
1
|
|
447.7
|
|
|
2
|
|
448.6
|
|
|
2
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Customer deposits
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Retail current accounts
|
113.4
|
|
|
113.1
|
|
|
|
|
107.3
|
|
|
6
|
|
111.5
|
|
|
2
|
Retail relationship savings accounts
|
165.8
|
|
|
165.5
|
|
|
|
|
161.3
|
|
|
3
|
|
164.5
|
|
|
1
|
Retail tactical savings accounts
|
16.9
|
|
|
16.7
|
|
|
1
|
|
16.4
|
|
|
3
|
|
16.8
|
|
|
1
|
Commercial
Banking deposits2
|
166.7
|
|
|
170.3
|
|
|
(2)
|
|
174.0
|
|
|
(4)
|
|
167.5
|
|
|
|
Wealth and Central Items
|
15.4
|
|
|
15.5
|
|
|
(1)
|
|
15.4
|
|
|
|
|
16.0
|
|
|
(4)
|
Total customer deposits
|
478.2
|
|
|
481.1
|
|
|
(1)
|
|
474.4
|
|
|
1
|
|
476.3
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Total assets
|
890.4
|
|
|
909.8
|
|
|
(2)
|
|
879.7
|
|
|
1
|
|
886.6
|
|
|
|
Total liabilities
|
840.3
|
|
|
857.9
|
|
|
(2)
|
|
827.8
|
|
|
2
|
|
833.4
|
|
|
1
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Ordinary shareholders' equity
|
44.4
|
|
|
46.2
|
|
|
(4)
|
|
45.8
|
|
|
(3)
|
|
47.1
|
|
|
(6)
|
Other equity instruments
|
5.5
|
|
|
5.5
|
|
|
|
|
5.9
|
|
|
(7)
|
|
5.9
|
|
|
(7)
|
Non-controlling interests
|
0.2
|
|
|
0.2
|
|
|
|
|
0.2
|
|
|
|
|
0.2
|
|
|
|
Total equity
|
50.1
|
|
|
51.9
|
|
|
(3)
|
|
51.9
|
|
|
(3)
|
|
53.2
|
|
|
(6)
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Ordinary shares in issue, excluding own shares
|
68,702m
|
|
|
70,148m
|
|
|
(2)
|
|
70,956m
|
|
|
(3)
|
|
70,996m
|
|
|
(3)
|
Summary income statement
|
Half-year
to 30 Jun
2022
£m
|
|
|
Half-year
to 30
Jun
2021
£m
|
|
|
Change
%
|
|
Half-year
to 31
Dec
2021
£m
|
|
|
Change
%
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Net interest income
|
7,200
|
|
|
4,373
|
|
|
65
|
|
4,993
|
|
|
44
|
Other income
|
(13,520)
|
|
|
15,195
|
|
|
|
|
12,883
|
|
|
|
Total income1
|
(6,320)
|
|
|
19,568
|
|
|
|
|
17,876
|
|
|
|
Insurance
claims1
|
15,043
|
|
|
(11,489)
|
|
|
|
|
(9,631)
|
|
|
|
Total income, net of insurance claims
|
8,723
|
|
|
8,079
|
|
|
8
|
|
8,245
|
|
|
6
|
Operating expenses
|
(4,681)
|
|
|
(4,897)
|
|
|
4
|
|
(5,903)
|
|
|
21
|
Impairment (charge) credit
|
(381)
|
|
|
723
|
|
|
|
|
655
|
|
|
|
Profit before tax
|
3,661
|
|
|
3,905
|
|
|
(6)
|
|
2,997
|
|
|
22
|
Tax expense
|
(835)
|
|
|
(40)
|
|
|
|
|
(977)
|
|
|
15
|
Profit for the period
|
2,826
|
|
|
3,865
|
|
|
(27)
|
|
2,020
|
|
|
40
|
Summary balance sheet
|
At 30 Jun 2022
£m
|
|
|
At 30
Jun
2021
£m
|
|
|
Change
%
|
|
At 31
Dec
2021
£m
|
|
|
Change
%
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Assets
|
|
|
|
|
|
|
|
|
|
|
|
|
Cash and balances at central banks
|
86,717
|
|
|
78,966
|
|
|
10
|
|
76,420
|
|
|
13
|
Financial
assets at fair value through profit or loss1
|
179,445
|
|
|
196,691
|
|
|
(9)
|
|
206,771
|
|
|
(13)
|
Derivative financial instruments
|
29,734
|
|
|
22,193
|
|
|
34
|
|
22,051
|
|
|
35
|
Financial assets at amortised cost
|
529,434
|
|
|
516,175
|
|
|
3
|
|
517,156
|
|
|
2
|
Financial assets at fair value through other comprehensive
income
|
24,329
|
|
|
26,213
|
|
|
(7)
|
|
28,137
|
|
|
(14)
|
Other assets
|
40,749
|
|
|
39,449
|
|
|
3
|
|
35,990
|
|
|
13
|
Total assets
|
890,408
|
|
|
879,687
|
|
|
1
|
|
886,525
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Liabilities
|
|
|
|
|
|
|
|
|
|
|
|
|
Deposits from banks
|
7,470
|
|
|
10,551
|
|
|
(29)
|
|
7,647
|
|
|
(2)
|
Customer deposits
|
478,213
|
|
|
474,411
|
|
|
1
|
|
476,344
|
|
|
|
Repurchase
agreements at amortised cost2
|
48,175
|
|
|
18,042
|
|
|
|
|
31,125
|
|
|
55
|
Financial liabilities at fair value through profit or
loss
|
19,735
|
|
|
21,054
|
|
|
(6)
|
|
23,123
|
|
|
(15)
|
Derivative financial instruments
|
26,531
|
|
|
17,951
|
|
|
48
|
|
18,060
|
|
|
47
|
Debt securities in issue
|
74,284
|
|
|
81,268
|
|
|
(9)
|
|
71,552
|
|
|
4
|
Liabilities arising from insurance and investment
contracts
|
149,155
|
|
|
162,399
|
|
|
(8)
|
|
168,463
|
|
|
(11)
|
Other liabilities
|
25,997
|
|
|
28,598
|
|
|
(9)
|
|
23,951
|
|
|
9
|
Subordinated liabilities
|
10,773
|
|
|
13,527
|
|
|
(20)
|
|
13,108
|
|
|
(18)
|
Total liabilities
|
840,333
|
|
|
827,801
|
|
|
2
|
|
833,373
|
|
|
1
|
Total equity
|
50,075
|
|
|
51,886
|
|
|
(3)
|
|
53,152
|
|
|
(6)
|
Total equity and liabilities
|
890,408
|
|
|
879,687
|
|
|
1
|
|
886,525
|
|
|
|
|
Half-yearto 30 Jun2022£m
|
|
|
Half-year
to 30 Jun
2021
£m
|
|
|
Change
%
|
|
Half-year
to 31 Dec 2021
£m
|
|
|
Change
%
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Underlying net interest income
|
6,135
|
|
|
5,418
|
|
|
13
|
|
5,745
|
|
|
7
|
Underlying other income
|
2,529
|
|
|
2,417
|
|
|
5
|
|
2,643
|
|
|
(4)
|
Operating lease depreciation
|
(213)
|
|
|
(271)
|
|
|
21
|
|
(189)
|
|
|
(13)
|
Net incomeA
|
8,451
|
|
|
7,564
|
|
|
12
|
|
8,199
|
|
|
3
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Banking
net interest marginA
|
2.77%
|
|
|
2.50%
|
|
|
27bp
|
|
2.56%
|
|
|
21bp
|
Average
interest-earning banking assetsA
|
£449.6bn
|
|
|
£440.8bn
|
|
|
2
|
|
£448.3bn
|
|
|
|
|
Half-year
to 30 Jun
2022
£m
|
|
|
Half-year
to 30 Jun
2021
£m
|
|
|
Change
%
|
|
Half-year
to 31 Dec 2021
£m
|
|
|
Change
%
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Operating
costsA,1
|
4,249
|
|
|
4,053
|
|
|
(5)
|
|
4,259
|
|
|
|
Remediation
|
79
|
|
|
425
|
|
|
81
|
|
875
|
|
|
91
|
Total costsA,1
|
4,328
|
|
|
4,478
|
|
|
3
|
|
5,134
|
|
|
16
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Cost:income
ratioA,1
|
51.2%
|
|
|
59.2%
|
|
|
(8.0)pp
|
|
62.6%
|
|
|
(11.4)pp
|
|
Half-yearto 30 Jun2022£m
|
|
|
Half-year
to 30
Jun
20211
£m
|
|
|
Change
%
|
|
Half-year
to 31
Dec 20211
£m
|
|
|
Change
%
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Charges
(credits) pre-updated MES2
|
|
|
|
|
|
|
|
|
|
|
|
|
Retail
|
315
|
|
|
451
|
|
|
30
|
|
261
|
|
|
(21)
|
Commercial
Banking
|
(37)
|
|
|
(345)
|
|
|
(89)
|
|
(47)
|
|
|
(21)
|
Other
|
4
|
|
|
(3)
|
|
|
|
|
(3)
|
|
|
|
|
282
|
|
|
103
|
|
|
|
|
211
|
|
|
(34)
|
Updated economic outlook
|
|
|
|
|
|
|
|
|
|
|
|
|
Retail
|
170
|
|
|
(544)
|
|
|
|
|
(628)
|
|
|
|
Commercial
Banking
|
125
|
|
|
(293)
|
|
|
|
|
(234)
|
|
|
|
Other
|
(200)
|
|
|
-
|
|
|
|
|
-
|
|
|
|
|
95
|
|
|
(837)
|
|
|
|
|
(862)
|
|
|
|
Underlying impairment charge (credit)A
|
377
|
|
|
(734)
|
|
|
|
|
(651)
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Asset
quality ratioA
|
0.17%
|
|
|
(0.33)%
|
|
|
|
|
(0.28)%
|
|
|
|
|
Half-yearto 30 Jun2022£m
|
|
|
Half-year
to 30 Jun
2021
£m
|
|
|
Change
%
|
|
Half-year
to 31 Dec 2021
£m
|
|
|
Change
%
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Underlying profit
|
3,746
|
|
|
3,820
|
|
|
(2)
|
|
3,716
|
|
|
1
|
Restructuring1
|
(47)
|
|
|
(10)
|
|
|
|
|
(442)
|
|
|
89
|
Volatility and other items
|
|
|
|
|
|
|
|
|
|
|
|
|
Market
volatility and asset sales
|
69
|
|
|
239
|
|
|
71
|
|
(152)
|
|
|
|
Amortisation
of purchased intangibles
|
(35)
|
|
|
(35)
|
|
|
|
|
(35)
|
|
|
|
Fair
value unwind
|
(72)
|
|
|
(109)
|
|
|
34
|
|
(90)
|
|
|
20
|
|
(38)
|
|
|
95
|
|
|
|
|
(277)
|
|
|
86
|
Statutory profit before tax
|
3,661
|
|
|
3,905
|
|
|
(6)
|
|
2,997
|
|
|
22
|
Tax expense
|
(835)
|
|
|
(40)
|
|
|
|
|
(977)
|
|
|
15
|
Statutory profit after tax
|
2,826
|
|
|
3,865
|
|
|
(27)
|
|
2,020
|
|
|
40
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Earnings per share
|
3.7p
|
|
|
5.1p
|
|
|
(1.4)p
|
|
2.4p
|
|
|
1.3p
|
Return
on tangible equityA
|
13.2%
|
|
|
19.2%
|
|
|
(6.0)pp
|
|
8.6%
|
|
|
4.6pp
|
|
At 30 Jun2022
|
|
|
At 30 Jun2021
|
|
|
Change
%
|
|
At 31 Dec2021
|
|
|
Change
%
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Loans and advances to customers
|
£456.1bn
|
|
|
£447.7bn
|
|
|
2
|
|
£448.6bn
|
|
|
2
|
Customer deposits
|
£478.2bn
|
|
|
£474.4bn
|
|
|
1
|
|
£476.3bn
|
|
|
|
Loan to
deposit ratioA
|
95%
|
|
|
94%
|
|
|
1pp
|
|
94%
|
|
|
1pp
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Wholesale
funding1
|
£97.7bn
|
|
|
£105.0bn
|
|
|
(7)
|
|
£93.1bn
|
|
|
5
|
Wholesale funding <1 year maturity
|
£37.9bn
|
|
|
£33.4bn
|
|
|
13
|
|
£30.3bn
|
|
|
25
|
Of
which money-market funding <1 year maturity2
|
£21.5bn
|
|
|
£21.4bn
|
|
|
|
|
£16.1bn
|
|
|
34
|
Liquidity
coverage ratio - eligible assets3
|
£145.9bn
|
|
|
£139.1bn
|
|
|
5
|
|
£140.2bn
|
|
|
4
|
Liquidity
coverage ratio4
|
141.8%
|
|
|
131.0%
|
|
|
10.8pp
|
|
135.0%
|
|
|
6.8pp
|
|
At 30 Jun2022
|
|
|
At 30 Jun2021
|
|
|
Change
%
|
|
At 31 Dec2021
|
|
|
Change
%
|
|
|
|
|
|
|
|
|
|
|
|
|
|
CET1
ratio
|
14.7%
|
|
|
16.7%
|
|
|
(2.0)pp
|
|
17.3%
|
|
|
(2.6)pp
|
Pro
forma CET1 ratioA,1
|
14.8%
|
|
|
16.7%
|
|
|
(1.9)pp
|
|
16.3%
|
|
|
(1.5)pp
|
Total
capital ratio
|
19.3%
|
|
|
23.1%
|
|
|
(3.8)pp
|
|
23.6%
|
|
|
(4.3)pp
|
MREL
ratio
|
32.4%
|
|
|
36.3%
|
|
|
(3.9)pp
|
|
37.2%
|
|
|
(4.8)pp
|
UK
leverage ratio
|
5.3%
|
|
|
5.8%
|
|
|
(0.5)pp
|
|
5.8%
|
|
|
(0.5)pp
|
Risk-weighted assets
|
£209.6bn
|
|
|
£200.9bn
|
|
|
4
|
|
£196.0bn
|
|
|
7
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Ordinary shareholders' equity
|
£44.4bn
|
|
|
£45.8bn
|
|
|
(3)
|
|
£47.1bn
|
|
|
(6)
|
Tangible
net assets per shareA
|
54.8p
|
|
|
55.6p
|
|
|
(0.8)p
|
|
57.5p
|
|
|
(2.7)p
|
Pro forma CET1 ratio as at 31 December 20211
|
16.3%
|
|
Regulatory change on 1 January 2022 (bps)
|
(230)
|
|
Pro forma CET1 ratio as at 1 January 2022
|
14.0%
|
|
Banking build (including impairment charge) (bps)
|
117
|
|
Insurance dividend (bps)
|
16
|
|
Risk-weighted
assets (bps)
|
20
|
|
Fixed pension deficit contributions (bps)
|
(31)
|
|
Other movements (bps)
|
17
|
|
Capital generation (bps)
|
139
|
|
Ordinary dividend accrual (bps)
|
(41)
|
|
Variable
pension contributions (bps)
|
(19)
|
|
Net movement in pro forma CET1 ratio excluding regulatory change
(bps)
|
79
|
|
Pro forma CET1 ratio as at 30 June 20222
|
14.8%
|
|
Half-year to 30 June 2022
|
Retail
£m
|
|
Commercial
Banking
£m
|
|
Insurance
and Wealth
£m
|
|
Equity
Investments
and Central
Items
£m
|
|
|
Group
£m
|
|
|||
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Underlying net interest income
|
4,845
|
|
|
1,220
|
|
|
40
|
|
|
30
|
|
|
6,135
|
|
Underlying other income
|
946
|
|
|
626
|
|
|
724
|
|
|
233
|
|
|
2,529
|
|
Operating lease depreciation
|
(202)
|
|
|
(11)
|
|
|
-
|
|
|
-
|
|
|
(213)
|
|
Net income
|
5,589
|
|
|
1,835
|
|
|
764
|
|
|
263
|
|
|
8,451
|
|
Operating costs
|
(2,590)
|
|
|
(1,031)
|
|
|
(555)
|
|
|
(73)
|
|
|
(4,249)
|
|
Remediation
|
(28)
|
|
|
(30)
|
|
|
(21)
|
|
|
-
|
|
|
(79)
|
|
Total costs
|
(2,618)
|
|
|
(1,061)
|
|
|
(576)
|
|
|
(73)
|
|
|
(4,328)
|
|
Underlying profit before impairment
|
2,971
|
|
|
774
|
|
|
188
|
|
|
190
|
|
|
4,123
|
|
Underlying impairment (charge) credit
|
(485)
|
|
|
(88)
|
|
|
(2)
|
|
|
198
|
|
|
(377)
|
|
Underlying profit
|
2,486
|
|
|
686
|
|
|
186
|
|
|
388
|
|
|
3,746
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Banking
net interest marginA
|
2.72%
|
|
|
3.08%
|
|
|
|
|
|
|
|
|
2.77%
|
|
Average
interest-earning banking assetsA
|
£367.0bn
|
|
|
£81.6bn
|
|
|
£1.0bn
|
|
|
-
|
|
|
£449.6bn
|
|
Asset
quality ratioA
|
0.27%
|
|
|
0.20%
|
|
|
|
|
|
|
|
|
0.17%
|
|
Loans
and advances to customers1
|
£368.2bn
|
|
|
£88.7bn
|
|
|
£1.0bn
|
|
|
(£1.8bn)
|
|
|
£456.1bn
|
|
Customer
deposits
|
£321.8bn
|
|
|
£141.0bn
|
|
|
£14.9bn
|
|
|
£0.6bn
|
|
|
£478.2bn
|
|
Risk-weighted
assets
|
£112.5bn
|
|
|
£71.7bn
|
|
|
£1.3bn
|
|
|
£24.1bn
|
|
|
£209.6bn
|
|
Half-year to 30 June 2021
|
Retail
£m
|
|
Commercial
Banking
£m
|
|
|
Insurance
and Wealth
£m
|
|
Equity Investments and Central
Items
£m
|
|
|
Group
£m
|
|
||
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Underlying
net interest income2
|
4,423
|
|
|
971
|
|
|
12
|
|
|
12
|
|
|
5,418
|
|
Underlying other income
|
813
|
|
|
676
|
|
|
660
|
|
|
268
|
|
|
2,417
|
|
Operating lease depreciation
|
(263)
|
|
|
(8)
|
|
|
-
|
|
|
-
|
|
|
(271)
|
|
Net income
|
4,973
|
|
|
1,639
|
|
|
672
|
|
|
280
|
|
|
7,564
|
|
Operating
costs3
|
(2,515)
|
|
|
(969)
|
|
|
(502)
|
|
|
(67)
|
|
|
(4,053)
|
|
Remediation
|
(153)
|
|
|
(169)
|
|
|
(116)
|
|
|
13
|
|
|
(425)
|
|
Total costs
|
(2,668)
|
|
|
(1,138)
|
|
|
(618)
|
|
|
(54)
|
|
|
(4,478)
|
|
Underlying profit before impairment
|
2,305
|
|
|
501
|
|
|
54
|
|
|
226
|
|
|
3,086
|
|
Underlying
impairment credit3
|
93
|
|
|
638
|
|
|
2
|
|
|
1
|
|
|
734
|
|
Underlying profit
|
2,398
|
|
|
1,139
|
|
|
56
|
|
|
227
|
|
|
3,820
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Banking
net interest marginA,2
|
2.56%
|
|
|
2.52%
|
|
|
|
|
|
|
|
|
2.50%
|
|
Average
interest-earning banking assetsA,4
|
£358.7bn
|
|
|
£81.1bn
|
|
|
£0.9bn
|
|
|
-
|
|
|
£440.8bn
|
|
Asset
quality ratioA,3
|
(0.05)%
|
|
|
(1.49)%
|
|
|
|
|
|
|
|
|
(0.33)%
|
|
Loans
and advances to customers4
|
£362.0bn
|
|
|
£83.7bn
|
|
|
£1.0bn
|
|
|
£1.0bn
|
|
|
£447.7bn
|
|
Customer
deposits
|
£310.7bn
|
|
|
£148.3bn
|
|
|
£14.8bn
|
|
|
£0.6bn
|
|
|
£474.4bn
|
|
Risk-weighted
assets
|
£100.2bn
|
|
|
£72.5bn
|
|
|
£1.4bn
|
|
|
£26.8bn
|
|
|
£200.9bn
|
|
Half-year to 31 December 2021
|
Retail
£m
|
|
Commercial
Banking
£m
|
|
|
Insurance
and Wealth
£m
|
|
Equity Investments and Central
Items
£m
|
|
|
Group
£m
|
|
||
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Underlying
net interest income2
|
4,627
|
|
|
1,034
|
|
|
8
|
|
|
76
|
|
|
5,745
|
|
Underlying other income
|
925
|
|
|
598
|
|
|
773
|
|
|
347
|
|
|
2,643
|
|
Operating lease depreciation
|
(179)
|
|
|
(10)
|
|
|
-
|
|
|
-
|
|
|
(189)
|
|
Net income
|
5,373
|
|
|
1,622
|
|
|
781
|
|
|
423
|
|
|
8,199
|
|
Operating
costs3
|
(2,685)
|
|
|
(1,021)
|
|
|
(478)
|
|
|
(75)
|
|
|
(4,259)
|
|
Remediation
|
(206)
|
|
|
(660)
|
|
|
(8)
|
|
|
(1)
|
|
|
(875)
|
|
Total costs
|
(2,891)
|
|
|
(1,681)
|
|
|
(486)
|
|
|
(76)
|
|
|
(5,134)
|
|
Underlying profit before impairment
|
2,482
|
|
|
(59)
|
|
|
295
|
|
|
347
|
|
|
3,065
|
|
Underlying
impairment credit2
|
367
|
|
|
281
|
|
|
2
|
|
|
1
|
|
|
651
|
|
Underlying profit
|
2,849
|
|
|
222
|
|
|
297
|
|
|
348
|
|
|
3,716
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Banking
net interest marginA,2
|
2.59%
|
|
|
2.60%
|
|
|
|
|
|
|
|
|
2.56%
|
|
Average
interest-earning banking assetsA,4
|
£365.2bn
|
|
|
£82.2bn
|
|
|
£1.0bn
|
|
|
-
|
|
|
£448.3bn
|
|
Asset
quality ratioA,3
|
(0.20)%
|
|
|
(0.63)%
|
|
|
|
|
|
|
|
|
(0.28)%
|
|
Loans
and advances to customers1,4
|
£364.1bn
|
|
|
£83.7bn
|
|
|
£1.0bn
|
|
|
(£0.2bn)
|
|
|
£448.6bn
|
|
Customer
deposits
|
£318.9bn
|
|
|
£141.4bn
|
|
|
£15.6bn
|
|
|
£0.4bn
|
|
|
£476.3bn
|
|
Risk-weighted
assets
|
£98.5bn
|
|
|
£69.4bn
|
|
|
£1.3bn
|
|
|
£26.8bn
|
|
|
£196.0bn
|
|
|
Half-year
to 30 Jun
2022
£m
|
|
|
Half-year
to 30 Jun 2021
£m
|
|
|
Change
%
|
|
Half-year
to 31 Dec
2021
£m
|
|
|
Change
%
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Underlying
net interest income1
|
4,845
|
|
|
4,423
|
|
|
10
|
|
4,627
|
|
|
5
|
Underlying other income
|
946
|
|
|
813
|
|
|
16
|
|
925
|
|
|
2
|
Operating lease depreciation
|
(202)
|
|
|
(263)
|
|
|
23
|
|
(179)
|
|
|
(13)
|
Net income
|
5,589
|
|
|
4,973
|
|
|
12
|
|
5,373
|
|
|
4
|
Operating
costs2
|
(2,590)
|
|
|
(2,515)
|
|
|
(3)
|
|
(2,685)
|
|
|
4
|
Remediation
|
(28)
|
|
|
(153)
|
|
|
82
|
|
(206)
|
|
|
86
|
Total costs
|
(2,618)
|
|
|
(2,668)
|
|
|
2
|
|
(2,891)
|
|
|
9
|
Underlying profit before impairment
|
2,971
|
|
|
2,305
|
|
|
29
|
|
2,482
|
|
|
20
|
Underlying
impairment (charge) credit2
|
(485)
|
|
|
93
|
|
|
|
|
367
|
|
|
|
Underlying profit
|
2,486
|
|
|
2,398
|
|
|
4
|
|
2,849
|
|
|
(13)
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Banking
net interest marginA,1
|
2.72%
|
|
|
2.56%
|
|
|
16bp
|
|
2.59%
|
|
|
13bp
|
Average
interest-earning banking assetsA,3
|
£367.0bn
|
|
|
£358.7bn
|
|
|
2
|
|
£365.2bn
|
|
|
|
Asset
quality ratioA,2
|
0.27 %
|
|
|
(0.05)%
|
|
|
|
|
(0.20)%
|
|
|
|
|
At 30 Jun 2022£bn
|
|
|
At 30 Jun 2021£bn
|
|
|
Change
%
|
|
At 31 Dec 2021£bn
|
|
|
Change
%
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Open mortgage book
|
296.6
|
|
|
289.9
|
|
|
2
|
|
293.3
|
|
|
1
|
Closed mortgage book
|
13.1
|
|
|
15.3
|
|
|
(14)
|
|
14.2
|
|
|
(8)
|
Credit cards
|
14.5
|
|
|
13.6
|
|
|
7
|
|
14.1
|
|
|
3
|
UK unsecured loans
|
8.5
|
|
|
8.0
|
|
|
6
|
|
8.1
|
|
|
5
|
UK Motor Finance
|
14.2
|
|
|
14.4
|
|
|
(1)
|
|
14.0
|
|
|
1
|
Business
Banking1
|
7.8
|
|
|
9.3
|
|
|
(16)
|
|
8.5
|
|
|
(8)
|
Overdrafts
|
1.0
|
|
|
1.0
|
|
|
|
|
1.0
|
|
|
|
Other2
|
12.5
|
|
|
10.5
|
|
|
19
|
|
10.9
|
|
|
15
|
Loans and advances to customers
|
368.2
|
|
|
362.0
|
|
|
2
|
|
364.1
|
|
|
1
|
Operating lease assets
|
4.3
|
|
|
4.0
|
|
|
8
|
|
4.1
|
|
|
5
|
Total customer assets
|
372.5
|
|
|
366.0
|
|
|
2
|
|
368.2
|
|
|
1
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Current accounts
|
113.4
|
|
|
107.3
|
|
|
6
|
|
111.5
|
|
|
2
|
Relationship
savings1,3
|
191.5
|
|
|
187.1
|
|
|
2
|
|
190.6
|
|
|
|
Tactical
savings1
|
16.9
|
|
|
16.4
|
|
|
3
|
|
16.8
|
|
|
1
|
Customer deposits
|
321.8
|
|
|
310.8
|
|
|
4
|
|
318.9
|
|
|
1
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Risk-weighted assets
|
112.5
|
|
|
100.2
|
|
|
12
|
|
98.5
|
|
|
14
|
|
Half-year
to 30 Jun
2022
£m
|
|
|
Half-year
to 30 Jun 2021
£m
|
|
|
Change
%
|
|
Half-year
to 31 Dec
2021
£m
|
|
|
Change
%
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Underlying
net interest income1
|
1,220
|
|
|
971
|
|
|
26
|
|
1,034
|
|
|
18
|
Underlying other income
|
626
|
|
|
676
|
|
|
(7)
|
|
598
|
|
|
5
|
Operating lease depreciation
|
(11)
|
|
|
(8)
|
|
|
(38)
|
|
(10)
|
|
|
(10)
|
Net income
|
1,835
|
|
|
1,639
|
|
|
12
|
|
1,622
|
|
|
13
|
Operating
costs2
|
(1,031)
|
|
|
(969)
|
|
|
(6)
|
|
(1,021)
|
|
|
(1)
|
Remediation
|
(30)
|
|
|
(169)
|
|
|
82
|
|
(660)
|
|
|
95
|
Total costs
|
(1,061)
|
|
|
(1,138)
|
|
|
7
|
|
(1,681)
|
|
|
37
|
Underlying profit (loss) before impairment
|
774
|
|
|
501
|
|
|
54
|
|
(59)
|
|
|
|
Underlying
impairment (charge) credit2
|
(88)
|
|
|
638
|
|
|
|
|
281
|
|
|
|
Underlying profit
|
686
|
|
|
1,139
|
|
|
(40)
|
|
222
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Banking
net interest marginA,1
|
3.08%
|
|
|
2.52%
|
|
|
56bp
|
|
2.60%
|
|
|
48bp
|
Average
interest-earning banking assetsA,3
|
£81.6bn
|
|
|
£81.1bn
|
|
|
1
|
|
£82.2bn
|
|
|
(1)
|
Asset
quality ratioA,2
|
0.20%
|
|
|
(1.49)%
|
|
|
|
|
(0.63)%
|
|
|
|
|
At 30 Jun 2022£bn
|
|
|
At 30 Jun 2021£bn
|
|
|
Change
%
|
|
At 31 Dec 2021£bn
|
|
|
Change
%
|
|
|
|
|
|
|
|
|
|
|
|
|
|
SME1
|
29.6
|
|
|
31.1
|
|
|
(5)
|
|
30.5
|
|
|
(3)
|
Mid
Corporates
|
3.4
|
|
|
3.8
|
|
|
(11)
|
|
3.3
|
|
|
3
|
Corporate and Institutional
|
51.7
|
|
|
44.9
|
|
|
15
|
|
46.1
|
|
|
12
|
Other
|
4.0
|
|
|
3.9
|
|
|
3
|
|
3.8
|
|
|
5
|
Loans and advances to customers
|
88.7
|
|
|
83.7
|
|
|
6
|
|
83.7
|
|
|
6
|
|
|
|
|
|
|
|
|
|
|
|
|
|
SME loans and advances including Retail Business
Banking
|
37.4
|
|
|
40.4
|
|
|
(7)
|
|
39.0
|
|
|
(4)
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Customer deposits1
|
141.0
|
|
|
148.3
|
|
|
(5)
|
|
141.4
|
|
|
|
Customer deposits including Retail Business Banking
|
166.7
|
|
|
174.0
|
|
|
(4)
|
|
167.5
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Risk-weighted assets
|
71.7
|
|
|
72.5
|
|
|
(1)
|
|
69.4
|
|
|
3
|
|
Half-year
to 30 Jun
2022
£m
|
|
|
Half-year
to 30 Jun 2021
£m
|
|
|
Change
%
|
|
Half-year
to 31 Dec
2021
£m
|
|
|
Change
%
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Underlying
net interest income1
|
40
|
|
|
12
|
|
|
|
|
8
|
|
|
|
Underlying other income
|
724
|
|
|
660
|
|
|
10
|
|
773
|
|
|
(6)
|
Net income
|
764
|
|
|
672
|
|
|
14
|
|
781
|
|
|
(2)
|
Operating
costs2
|
(555)
|
|
|
(502)
|
|
|
(11)
|
|
(478)
|
|
|
(16)
|
Remediation
|
(21)
|
|
|
(116)
|
|
|
82
|
|
(8)
|
|
|
|
Total costs
|
(576)
|
|
|
(618)
|
|
|
7
|
|
(486)
|
|
|
(19)
|
Underlying profit before impairment
|
188
|
|
|
54
|
|
|
|
|
295
|
|
|
(36)
|
Underlying
impairment (charge) credit2
|
(2)
|
|
|
2
|
|
|
|
|
2
|
|
|
|
Underlying profit
|
186
|
|
|
56
|
|
|
|
|
297
|
|
|
(37)
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Life
and pensions sales (PVNBP)3
|
10,834
|
|
|
9,006
|
|
|
20
|
|
8,283
|
|
|
31
|
General
insurance underwritten new gross written premiums
|
26
|
|
|
47
|
|
|
(45)
|
|
40
|
|
|
(35)
|
General
insurance underwritten total gross written premiums
|
240
|
|
|
315
|
|
|
(24)
|
|
340
|
|
|
(29)
|
General
insurance combined ratio4
|
99%
|
|
|
114%
|
|
|
(15)pp
|
|
101%
|
|
|
(2)pp
|
|
At 30 Jun 2022£bn
|
|
|
At 30 Jun 2021£bn
|
|
|
Change
%
|
|
At 31 Dec 2021£bn
|
|
|
Change
%
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Insurance
Solvency II ratio (pre-dividend)5
|
172%
|
|
|
162%
|
|
|
10pp
|
|
191%
|
|
|
(19)pp
|
UK Wealth Loans and advances to customers
|
1.0
|
|
|
1.0
|
|
|
|
|
1.0
|
|
|
|
UK Wealth Customer deposits
|
14.9
|
|
|
14.8
|
|
|
1
|
|
15.6
|
|
|
(4)
|
UK Wealth Risk-weighted assets
|
1.3
|
|
|
1.4
|
|
|
(7)
|
|
1.3
|
|
|
|
Total customer assets under administration
|
208.7
|
|
|
184.6
|
|
|
13
|
|
192.8
|
|
|
8
|
|
Half-year to 30 June 2022
|
|
Half-year
to 30 June 2021
|
|
Half-year
to 31 Dec 2021
£m
|
|
||||||||||||||
|
New
business
£m
|
|
|
Existing
business
£m
|
|
|
Total
£m
|
|
|
New
business
£m
|
|
|
Existing
business
£m
|
|
|
Total
£m
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Workplace, planning and retirement
|
122
|
|
|
65
|
|
|
187
|
|
|
98
|
|
|
55
|
|
|
153
|
|
|
158
|
|
Individual and bulk annuities
|
75
|
|
|
50
|
|
|
125
|
|
|
43
|
|
|
38
|
|
|
81
|
|
|
81
|
|
Protection
|
21
|
|
|
11
|
|
|
32
|
|
|
14
|
|
|
10
|
|
|
24
|
|
|
28
|
|
Longstanding LP&I
|
5
|
|
|
150
|
|
|
155
|
|
|
7
|
|
|
150
|
|
|
157
|
|
|
140
|
|
|
223
|
|
|
276
|
|
|
499
|
|
|
162
|
|
|
253
|
|
|
415
|
|
|
407
|
|
Life and pensions experience and other items
|
|
|
|
|
|
|
23
|
|
|
|
|
|
|
|
|
8
|
|
|
154
|
|
General insurance
|
|
|
|
|
|
|
106
|
|
|
|
|
|
|
|
|
158
|
|
|
122
|
|
Embark
|
|
|
|
|
|
|
20
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
648
|
|
|
|
|
|
|
|
|
581
|
|
|
683
|
|
Wealth
|
|
|
|
|
|
|
116
|
|
|
|
|
|
|
|
|
91
|
|
|
98
|
|
Net income
|
|
|
|
|
|
|
764
|
|
|
|
|
|
|
|
|
672
|
|
|
781
|
|
|
Half-year
to 30 Jun
2022
£m
|
|
|
Half-year
to 30 Jun 2021
£m
|
|
|
Half-year
to 31 Dec
2021
£m
|
|
|
|
|
|
|
|
|
|
|
Insurance volatility
|
(532)
|
|
|
275
|
|
|
228
|
|
Policyholder interests volatility
|
54
|
|
|
214
|
|
|
152
|
|
Total volatility
|
(478)
|
|
|
489
|
|
|
380
|
|
Insurance hedging arrangements
|
436
|
|
|
(340)
|
|
|
(252)
|
|
Total
|
(42)
|
|
|
149
|
|
|
128
|
|
|
Half-year
to 30 Jun
2022
£m
|
|
|
Half-year
to 30 Jun 2021
£m
|
|
|
Half-year
to 31 Dec
2021
£m
|
|
|
|
|
|
|
|
|
|
|
Persistency
|
-
|
|
|
-
|
|
|
(15)
|
|
Mortality, longevity and morbidity
|
22
|
|
|
34
|
|
|
115
|
|
Expense assumptions
|
47
|
|
|
(29)
|
|
|
(65)
|
|
Other
|
3
|
|
|
22
|
|
|
(19)
|
|
Total assumption changes
|
72
|
|
|
27
|
|
|
16
|
|
Methodology changes
|
-
|
|
|
-
|
|
|
68
|
|
Total assumption and methodology changes
|
72
|
|
|
27
|
|
|
84
|
|
|
Half-year
to 30 Jun
2022
£m
|
|
|
Half-year
to 30 Jun 2021
£m
|
|
|
Change
%
|
|
Half-year
to 31 Dec
2021
£m
|
|
|
Change
%
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Net
income1
|
263
|
|
|
280
|
|
|
(6)
|
|
423
|
|
|
(38)
|
Operating
costs2
|
(73)
|
|
|
(67)
|
|
|
(9)
|
|
(75)
|
|
|
3
|
Remediation
|
-
|
|
|
13
|
|
|
|
|
(1)
|
|
|
|
Total costs
|
(73)
|
|
|
(54)
|
|
|
(35)
|
|
(76)
|
|
|
4
|
Underlying profit before impairment
|
190
|
|
|
226
|
|
|
(16)
|
|
347
|
|
|
(45)
|
Underlying impairment credit
|
198
|
|
|
1
|
|
|
|
|
1
|
|
|
|
Underlying profit
|
388
|
|
|
227
|
|
|
71
|
|
348
|
|
|
11
|
|
|
|
|
|
|
|
Asset quality ratio
|
|
|
The underlying impairment credit or charge for the period in
respect of loans and advances to customers, expressed as a
percentage of average gross loans and advances to customers for the
period. This measure is used internally in the Group's Monthly
Management Report and is useful in assessing the credit quality of
the loan book
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Banking net interest margin
|
|
|
Banking net interest income on customer and product balances in the
banking businesses as a percentage of average gross
interest-earning banking assets for the period. This measure is
used internally in the Group's Monthly Management Report and is
useful in assessing the profitability of the banking
business
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Cost:income ratio
|
|
|
Total costs as a percentage of net income calculated on an
underlying basis. This measure is used internally in the Group's
Monthly Management Report and is helpful in assessing the
profitability of the Group's operations before the effects of the
underlying impairment credit or charge
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Loan to deposit ratio
|
|
|
Loans and advances to customers divided by customer deposits. This
measure is used internally in the Group's Monthly Management
Report
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Operating costs
|
|
|
Operating expenses adjusted to remove the impact of remediation,
restructuring costs, operating lease depreciation, the amortisation
of purchased intangibles, the insurance gross up and other
statutory items. This measure is used internally in the Group's
Monthly Management Report
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Pro forma CET1 ratio
|
|
|
CET1 ratio adjusted for the effects of the dividend paid up by the
Insurance business in the subsequent quarter period. December 2021
pro forma CET1 ratios include the impact of the share buyback
programme announced in February 2022
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Return on tangible equity
|
|
|
Profit attributable to ordinary shareholders, divided by average
tangible net assets. This measure is used internally in the Group's
Monthly Management Report and is useful in providing a consistent
basis with which to measure the Group's performance
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Tangible net assets per share
|
|
|
Net assets excluding intangible assets such as goodwill and
acquisition-related intangibles divided by the number of ordinary
shares in issue. This measure is used internally in the Group's
Monthly Management Report and is useful in assessing the capital
strength of the Group
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Underlying profit before impairment
|
|
|
Underlying profit adjusted to remove the underlying impairment
credit or charge. This measure is used internally in the Group's
Monthly Management Report and is useful in allowing for a
comparable representation of the Group's performance before the
effects of the forward-looking underlying impairment credit or
charge
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Underlying profit
|
|
|
Statutory profit before tax adjusted for certain items as detailed
above. This measure is used internally in the Group's Monthly
Management Report and allows for a comparable representation of the
Group's performance by removing the impact of certain items
including volatility caused by market movements outside the control
of management
|
|
|
|
|
|
|
|
Statutory basis
|
|
|
Removal of:
|
|
Underlying basisA
|
||||||||
|
£m
|
|
|
Volatility
and other
items1,2,3
£m
|
|
|
Insurance
gross up4
£m
|
|
|
£m
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Half-year to 30 June 2022
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Net interest income
|
7,200
|
|
|
74
|
|
|
(1,139)
|
|
|
6,135
|
|
|
Underlying net interest income
|
Other income, net of insurance claims
|
1,523
|
|
|
(77)
|
|
|
1,083
|
|
|
2,529
|
|
|
Underlying other income
|
|
|
|
|
(213)
|
|
|
-
|
|
|
(213)
|
|
|
Operating lease depreciation
|
Total income, net of insurance claims
|
8,723
|
|
|
(216)
|
|
|
(56)
|
|
|
8,451
|
|
|
Net income
|
Operating
expenses5
|
(4,681)
|
|
|
297
|
|
|
56
|
|
|
(4,328)
|
|
|
Total
costs5
|
Impairment charge
|
(381)
|
|
|
4
|
|
|
-
|
|
|
(377)
|
|
|
Underlying impairment charge
|
Profit before tax
|
3,661
|
|
|
85
|
|
|
-
|
|
|
3,746
|
|
|
Underlying profit
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Half-year to 30 June 2021
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Net interest income
|
4,373
|
|
|
107
|
|
|
938
|
|
|
5,418
|
|
|
Underlying net interest income
|
Other income, net of insurance claims
|
3,706
|
|
|
(271)
|
|
|
(1,018)
|
|
|
2,417
|
|
|
Underlying other income
|
|
|
|
|
(271)
|
|
|
-
|
|
|
(271)
|
|
|
Operating lease depreciation
|
Total income, net of insurance claims
|
8,079
|
|
|
(435)
|
|
|
(80)
|
|
|
7,564
|
|
|
Net income
|
Operating
expenses5
|
(4,897)
|
|
|
339
|
|
|
80
|
|
|
(4,478)
|
|
|
Total
costs5,6
|
Impairment credit
|
723
|
|
|
11
|
|
|
-
|
|
|
734
|
|
|
Underlying
impairment credit6
|
Profit before tax
|
3,905
|
|
|
(85)
|
|
|
-
|
|
|
3,820
|
|
|
Underlying profit
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Half-year to 31 December 2021
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Net interest income
|
4,993
|
|
|
148
|
|
|
604
|
|
|
5,745
|
|
|
Underlying net interest income
|
Other income, net of insurance claims
|
3,252
|
|
|
73
|
|
|
(682)
|
|
|
2,643
|
|
|
Underlying other income
|
|
|
|
|
(189)
|
|
|
-
|
|
|
(189)
|
|
|
Operating lease depreciation
|
Total income, net of insurance claims
|
8,245
|
|
|
32
|
|
|
(78)
|
|
|
8,199
|
|
|
Net income
|
Operating
expenses5
|
(5,903)
|
|
|
691
|
|
|
78
|
|
|
(5,134)
|
|
|
Total
costs5,6
|
Impairment credit
|
655
|
|
|
(4)
|
|
|
-
|
|
|
651
|
|
|
Underlying
impairment credit6
|
Profit before tax
|
2,997
|
|
|
719
|
|
|
-
|
|
|
3,716
|
|
|
Underlying profit
|
|
Half-year
to 30 Jun
2022
|
|
|
Half-year
to 30 Jun
2021
|
|
|
Half-year
to 31 Dec
2021
|
|
|
|
|
|
|
|
|
|
|
Asset quality ratioA
|
|
|
|
|
|
|
|
|
Underlying impairment (charge) credit (£m)
|
(377)
|
|
|
734
|
|
|
651
|
|
Remove non-customer underlying impairment (£m)
|
3
|
|
|
(1)
|
|
|
(6)
|
|
Underlying customer related impairment (charge) credit
(£m)
|
(374)
|
|
|
733
|
|
|
645
|
|
|
|
|
|
|
|
|
|
|
Loans and advances to customers (£bn)
|
456.1
|
|
|
447.7
|
|
|
448.6
|
|
Add back expected credit loss allowance (drawn)
(£bn)
|
3.8
|
|
|
4.7
|
|
|
3.8
|
|
Add back acquisition related fair value adjustments
(£bn)
|
0.4
|
|
|
0.4
|
|
|
0.4
|
|
Underlying gross loans and advances to customers
(£bn)
|
460.3
|
|
|
452.8
|
|
|
452.8
|
|
Averaging (£bn)
|
(5.8)
|
|
|
(5.1)
|
|
|
0.3
|
|
Average underlying gross loans and advances to customers
(£bn)
|
454.5
|
|
|
447.7
|
|
|
453.1
|
|
|
|
|
|
|
|
|
|
|
Asset quality ratioA
|
0.17%
|
|
|
(0.33)%
|
|
|
(0.28)%
|
|
|
|
|
|
|
|
|
|
|
Banking net interest marginA
|
|
|
|
|
|
|
|
|
Underlying net interest income (£m)
|
6,135
|
|
|
5,418
|
|
|
5,745
|
|
Remove non-banking underlying net interest expense
(£m)
|
52
|
|
|
58
|
|
|
50
|
|
Banking underlying net interest income (£m)
|
6,187
|
|
|
5,476
|
|
|
5,795
|
|
|
|
|
|
|
|
|
|
|
Underlying gross loans and advances to customers
(£bn)
|
460.3
|
|
|
452.8
|
|
|
452.8
|
|
Adjustment for non-banking and other items:
|
|
|
|
|
|
|
|
|
Fee-based
loans and advances (£bn)
|
(6.5)
|
|
|
(4.6)
|
|
|
(5.1)
|
|
Other
non-banking and other items (£bn)
|
1.7
|
|
|
(0.4)
|
|
|
(0.4)
|
|
Interest-earning banking assets (£bn)
|
455.5
|
|
|
447.8
|
|
|
447.3
|
|
Averaging (£bn)
|
(5.9)
|
|
|
(7.0)
|
|
|
1.0
|
|
Average interest-earning banking assets (£bn)A
|
449.6
|
|
|
440.8
|
|
|
448.3
|
|
|
|
|
|
|
|
|
|
|
Banking net interest marginA
|
2.77%
|
|
|
2.50%
|
|
|
2.56%
|
|
|
|
|
|
|
|
|
|
|
Cost:income ratioA
|
|
|
|
|
|
|
|
|
Total costs (£m)
|
4,328
|
|
|
4,478
|
|
|
5,134
|
|
Net income (£m)
|
8,451
|
|
|
7,564
|
|
|
8,199
|
|
|
|
|
|
|
|
|
|
|
Cost:income ratioA
|
51.2%
|
|
|
59.2%
|
|
|
62.6%
|
|
|
|
|
|
|
|
|
|
|
Operating costsA
|
|
|
|
|
|
|
|
|
Operating expenses (£m)
|
4,681
|
|
|
4,897
|
|
|
5,903
|
|
Remove:
|
|
|
|
|
|
|
|
|
Remediation
(£m)
|
(79)
|
|
|
(425)
|
|
|
(875)
|
|
Restructuring
(£m)
|
(47)
|
|
|
(10)
|
|
|
(442)
|
|
Operating
lease depreciation (£m)
|
(213)
|
|
|
(271)
|
|
|
(189)
|
|
Amortisation
of purchased intangibles (£m)
|
(35)
|
|
|
(35)
|
|
|
(35)
|
|
Insurance
gross up (£m)
|
(56)
|
|
|
(80)
|
|
|
(78)
|
|
Other
statutory items (£m)
|
(2)
|
|
|
(23)
|
|
|
(25)
|
|
Operating costs (£m)A,1
|
4,249
|
|
|
4,053
|
|
|
4,259
|
|
|
Half-year
to 30 Jun
2022
|
|
|
Half-year
to 30 Jun
2021
|
|
|
Half-year
to 31 Dec
2021
|
|
|
|
|
|
|
|
|
|
|
Return on tangible equityA
|
|
|
|
|
|
|
|
|
Profit attributable to ordinary shareholders (£m)
|
2,569
|
|
|
3,611
|
|
|
1,744
|
|
|
|
|
|
|
|
|
|
|
Average shareholders' equity (£bn)
|
45.9
|
|
|
44.2
|
|
|
46.4
|
|
Remove average intangible assets (£bn)
|
(6.5)
|
|
|
(6.3)
|
|
|
(6.3)
|
|
Average tangible equity (£bn)
|
39.4
|
|
|
37.9
|
|
|
40.2
|
|
|
|
|
|
|
|
|
|
|
Return on tangible equityA
|
13.2%
|
|
|
19.2%
|
|
|
8.6%
|
|
|
|
|
|
|
|
|
|
|
Underlying profit before impairmentA
|
|
|
|
|
|
|
|
|
Statutory profit before tax (£m)
|
3,661
|
|
|
3,905
|
|
|
2,997
|
|
Remove impairment charge (credit) (£m)
|
381
|
|
|
(723)
|
|
|
(655)
|
|
Remove volatility and other items including restructuring
(£m)
|
81
|
|
|
(96)
|
|
|
723
|
|
Underlying profit before impairment (£m)A
|
4,123
|
|
|
3,086
|
|
|
3,065
|
|
|
At 30 Jun 2022
|
|
|
At 31 Dec 2021
|
|
|
|
|
|
|
|
Loan to deposit ratioA
|
|
|
|
|
|
Loans and advances to customers (£bn)
|
456.1
|
|
|
448.6
|
|
Customer deposits (£bn)
|
478.2
|
|
|
476.3
|
|
|
|
|
|
|
|
Loan to deposit ratioA
|
95%
|
|
|
94%
|
|
|
|
|
|
|
|
Pro forma CET1 ratioA
|
|
|
|
|
|
CET1 ratio
|
14.7%
|
|
|
17.3%
|
|
Insurance
dividend and share buyback accrual1
|
0.1%
|
|
|
(1.0)%
|
|
Pro forma CET1 ratioA
|
14.8%
|
|
|
16.3%
|
|
|
|
|
|
|
|
Tangible net assets per shareA
|
|
|
|
|
|
Ordinary shareholders' equity (£m)
|
44,371
|
|
|
47,011
|
|
Remove goodwill (£m)
|
(2,629)
|
|
|
(2,320)
|
|
Remove intangible assets (£m)
|
(4,399)
|
|
|
(4,196)
|
|
Remove purchased value of in-force business (£m)
|
(186)
|
|
|
(197)
|
|
Deferred tax effects and other adjustments (£m)
|
481
|
|
|
538
|
|
Tangible net assets (£m)
|
37,638
|
|
|
40,836
|
|
|
|
|
|
|
|
Ordinary shares in issue, excluding own shares
|
68,702m
|
|
|
70,996m
|
|
|
|
|
|
|
|
Tangible net assets per shareA
|
54.8p
|
|
|
57.5p
|
|
|
Year 1£m
|
|
|
Year 2£m
|
|
|
Year 3£m
|
|
|
|
|
|
|
|
|
|
|
+100bps
|
c.675
|
|
|
c.1,025
|
|
|
c.1,475
|
|
+50bps
|
c.350
|
|
|
c.525
|
|
|
c.725
|
|
+25bps
|
c.175
|
|
|
c.250
|
|
|
c.375
|
|
|
Half-year to 30 Jun 2022£m
|
|
|
Half-year
to 30 Jun 2021
£m
|
|
|
Change
%
|
|
Half-year
to 31 Dec
2021
£m
|
|
|
Change
%
|
|
|
|
|
|
|
|
|
|
|
|
|
|
UK
mortgages
|
(64)
|
|
|
(175)
|
|
|
(63)
|
|
(98)
|
|
|
(35)
|
Credit
cards
|
273
|
|
|
67
|
|
|
|
|
(116)
|
|
|
|
Loans
and overdrafts
|
241
|
|
|
58
|
|
|
|
|
(19)
|
|
|
|
UK
Motor Finance
|
7
|
|
|
(40)
|
|
|
|
|
(111)
|
|
|
|
Other
|
28
|
|
|
1
|
|
|
|
|
(22)
|
|
|
|
Retail
|
485
|
|
|
(89)
|
|
|
|
|
(366)
|
|
|
|
SME
|
5
|
|
|
(146)
|
|
|
|
|
(91)
|
|
|
|
Corporate and
other1
|
83
|
|
|
(488)
|
|
|
|
|
(194)
|
|
|
|
Commercial Banking
|
88
|
|
|
(634)
|
|
|
|
|
(285)
|
|
|
|
Insurance and Wealth
|
6
|
|
|
-
|
|
|
|
|
(2)
|
|
|
|
Equity Investments and Central Items
|
(198)
|
|
|
-
|
|
|
|
|
(2)
|
|
|
|
Total impairment charge (credit)
|
381
|
|
|
(723)
|
|
|
|
|
(655)
|
|
|
|
|
Half-year to 30 Jun 2022£m
|
|
|
Half-year
to 30
Jun 20211
£m
|
|
|
Change
%
|
|
Half-year
to 31
Dec
20211
£m
|
|
|
Change
%
|
|
|
|
|
|
|
|
|
|
|
|
|
|
UK
mortgages
|
(64)
|
|
|
(175)
|
|
|
(63)
|
|
(98)
|
|
|
(35)
|
Credit
cards
|
273
|
|
|
67
|
|
|
|
|
(116)
|
|
|
|
Loans
and overdrafts
|
241
|
|
|
58
|
|
|
|
|
(19)
|
|
|
|
UK
Motor Finance
|
7
|
|
|
(40)
|
|
|
|
|
(111)
|
|
|
|
Other
|
28
|
|
|
(3)
|
|
|
|
|
(23)
|
|
|
|
Retail
|
485
|
|
|
(93)
|
|
|
|
|
(367)
|
|
|
|
SME
|
5
|
|
|
(146)
|
|
|
|
|
(91)
|
|
|
|
Corporate and
other2
|
83
|
|
|
(492)
|
|
|
|
|
(190)
|
|
|
|
Commercial Banking
|
88
|
|
|
(638)
|
|
|
|
|
(281)
|
|
|
|
Insurance and Wealth
|
2
|
|
|
(2)
|
|
|
|
|
(2)
|
|
|
|
Equity Investments and Central Items
|
(198)
|
|
|
(1)
|
|
|
|
|
(1)
|
|
|
|
Total impairment charge (credit)A
|
377
|
|
|
(734)
|
|
|
|
|
(651)
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Asset
quality ratioA
|
0.17%
|
|
|
(0.33)%
|
|
|
|
|
(0.28)%
|
|
|
|
|
Statutory basis
|
|
Underlying basisA
|
||||||||
|
At 30 Jun 2022£m
|
|
|
At 31 Dec 2021£m
|
|
|
At 30 Jun 2022£m
|
|
|
At 31 Dec 2021£m
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Customer related balances
|
|
|
|
|
|
|
|
|
|
|
|
Drawn
|
3,853
|
|
|
3,820
|
|
|
4,247
|
|
|
4,277
|
|
Undrawn
|
236
|
|
|
200
|
|
|
236
|
|
|
200
|
|
|
4,089
|
|
|
4,020
|
|
|
4,483
|
|
|
4,477
|
|
Other assets
|
31
|
|
|
22
|
|
|
31
|
|
|
22
|
|
Total ECL allowance
|
4,120
|
|
|
4,042
|
|
|
4,514
|
|
|
4,499
|
|
|
Gross loans and advances to customers
|
|
Expected credit loss allowance on drawn balances
|
||||||||||||||||||||||||||
|
Stage 1
£m
|
|
|
Stage 2
£m
|
|
|
Stage 3
£m
|
|
|
POCI
£m
|
|
|
Total
£m
|
|
|
Stage 1
£m
|
|
|
Stage 2
£m
|
|
|
Stage 3
£m
|
|
|
POCI
£m
|
|
|
Total
£m
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
At 30 June 2022
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Underlying
basisA
|
399,497
|
|
|
49,410
|
|
|
11,435
|
|
|
-
|
|
|
460,342
|
|
|
776
|
|
|
1,389
|
|
|
2,082
|
|
|
-
|
|
|
4,247
|
|
POCI assets
|
(2,020)
|
|
|
(5,449)
|
|
|
(3,340)
|
|
|
10,809
|
|
|
-
|
|
|
(1)
|
|
|
(133)
|
|
|
(462)
|
|
|
596
|
|
|
-
|
|
Acquisition fair
value adjustment
|
-
|
|
|
-
|
|
|
-
|
|
|
(394)
|
|
|
(394)
|
|
|
-
|
|
|
-
|
|
|
-
|
|
|
(394)
|
|
|
(394)
|
|
|
(2,020)
|
|
|
(5,449)
|
|
|
(3,340)
|
|
|
10,415
|
|
|
(394)
|
|
|
(1)
|
|
|
(133)
|
|
|
(462)
|
|
|
202
|
|
|
(394)
|
|
Statutory basis
|
397,477
|
|
|
43,961
|
|
|
8,095
|
|
|
10,415
|
|
|
459,948
|
|
|
775
|
|
|
1,256
|
|
|
1,620
|
|
|
202
|
|
|
3,853
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
At 31 December 2021
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Underlying
basisA
|
402,415
|
|
|
41,710
|
|
|
8,694
|
|
|
-
|
|
|
452,819
|
|
|
919
|
|
|
1,377
|
|
|
1,981
|
|
|
-
|
|
|
4,277
|
|
POCI assets
|
(2,392)
|
|
|
(6,781)
|
|
|
(2,251)
|
|
|
11,424
|
|
|
-
|
|
|
(1)
|
|
|
(259)
|
|
|
(397)
|
|
|
657
|
|
|
-
|
|
Acquisition fair
value adjustment
|
13
|
|
|
2
|
|
|
-
|
|
|
(447)
|
|
|
(432)
|
|
|
(3)
|
|
|
(4)
|
|
|
(3)
|
|
|
(447)
|
|
|
(457)
|
|
|
(2,379)
|
|
|
(6,779)
|
|
|
(2,251)
|
|
|
10,977
|
|
|
(432)
|
|
|
(4)
|
|
|
(263)
|
|
|
(400)
|
|
|
210
|
|
|
(457)
|
|
Statutory basis
|
400,036
|
|
|
34,931
|
|
|
6,443
|
|
|
10,977
|
|
|
452,387
|
|
|
915
|
|
|
1,114
|
|
|
1,581
|
|
|
210
|
|
|
3,820
|
|
|
Opening ECL at 31 Dec 2021
£m
|
|
|
|
Write-offs
and other1
£m
|
|
|
Income
statement
charge (credit)
£m
|
|
|
|
Net ECL
increase
(decrease)
£m
|
|
|
Closing ECL at 30 Jun 2022
£m
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
UK
mortgages
|
837
|
|
|
|
64
|
|
|
(64)
|
|
|
|
-
|
|
|
837
|
|
Credit
cards
|
521
|
|
|
|
(165)
|
|
|
273
|
|
|
|
108
|
|
|
629
|
|
Loans
and overdrafts
|
445
|
|
|
|
(144)
|
|
|
241
|
|
|
|
97
|
|
|
542
|
|
UK
Motor Finance
|
298
|
|
|
|
(15)
|
|
|
7
|
|
|
|
(8)
|
|
|
290
|
|
Other
|
165
|
|
|
|
(28)
|
|
|
28
|
|
|
|
-
|
|
|
165
|
|
Retail
|
2,266
|
|
|
|
(288)
|
|
|
485
|
|
|
|
197
|
|
|
2,463
|
|
SME
|
255
|
|
|
|
(11)
|
|
|
5
|
|
|
|
(6)
|
|
|
249
|
|
Corporate and
other2
|
1,078
|
|
|
|
1
|
|
|
83
|
|
|
|
84
|
|
|
1,162
|
|
Commercial Banking
|
1,333
|
|
|
|
(10)
|
|
|
88
|
|
|
|
78
|
|
|
1,411
|
|
Insurance and Wealth
|
35
|
|
|
|
(1)
|
|
|
6
|
|
|
|
5
|
|
|
40
|
|
Equity Investments and Central Items
|
408
|
|
|
|
(4)
|
|
|
(198)
|
|
|
|
(202)
|
|
|
206
|
|
Total3
|
4,042
|
|
|
|
(303)
|
|
|
381
|
|
|
|
78
|
|
|
4,120
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Opening ECL at 31 Dec 2021
£m
|
|
|
|
Write-offs
and other
£m
|
|
|
Income
statement
charge (credit)
£m
|
|
|
|
Net ECL
increase
(decrease)
£m
|
|
|
Closing ECL at 30 Jun 2022
£m
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
UK
mortgages
|
1,284
|
|
|
|
11
|
|
|
(64)
|
|
|
|
(53)
|
|
|
1,231
|
|
Credit
cards
|
531
|
|
|
|
(175)
|
|
|
273
|
|
|
|
98
|
|
|
629
|
|
Loans
and overdrafts
|
445
|
|
|
|
(144)
|
|
|
241
|
|
|
|
97
|
|
|
542
|
|
UK
Motor Finance
|
298
|
|
|
|
(15)
|
|
|
7
|
|
|
|
(8)
|
|
|
290
|
|
Other
|
165
|
|
|
|
(28)
|
|
|
28
|
|
|
|
-
|
|
|
165
|
|
Retail
|
2,723
|
|
|
|
(351)
|
|
|
485
|
|
|
|
134
|
|
|
2,857
|
|
SME
|
255
|
|
|
|
(11)
|
|
|
5
|
|
|
|
(6)
|
|
|
249
|
|
Corporate and
other1
|
1,078
|
|
|
|
1
|
|
|
83
|
|
|
|
84
|
|
|
1,162
|
|
Commercial Banking
|
1,333
|
|
|
|
(10)
|
|
|
88
|
|
|
|
78
|
|
|
1,411
|
|
Insurance and Wealth
|
35
|
|
|
|
3
|
|
|
2
|
|
|
|
5
|
|
|
40
|
|
Equity Investments and Central Items
|
408
|
|
|
|
(4)
|
|
|
(198)
|
|
|
|
(202)
|
|
|
206
|
|
Total2
|
4,499
|
|
|
|
(362)
|
|
|
377
|
|
|
|
15
|
|
|
4,514
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
At 30 June 2022
|
Stage 1
£m
|
|
|
Stage 2
£m
|
|
|
Stage 3
£m
|
|
|
POCI
£m
|
|
|
Total
£m
|
|
|
Stage 2
as % of
total
|
|
|
Stage 3
as % of
total
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Loans and advances to customers
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
UK
mortgages
|
266,548
|
|
|
30,106
|
|
|
3,424
|
|
|
10,415
|
|
|
310,493
|
|
|
9.7
|
|
|
1.1
|
|
Credit
cards
|
12,484
|
|
|
2,289
|
|
|
280
|
|
|
-
|
|
|
15,053
|
|
|
15.2
|
|
|
1.9
|
|
Loans
and overdrafts
|
8,666
|
|
|
1,144
|
|
|
256
|
|
|
-
|
|
|
10,066
|
|
|
11.4
|
|
|
2.5
|
|
UK
Motor Finance
|
12,476
|
|
|
1,832
|
|
|
179
|
|
|
-
|
|
|
14,487
|
|
|
12.6
|
|
|
1.2
|
|
Other
|
16,689
|
|
|
2,405
|
|
|
1,280
|
|
|
-
|
|
|
20,374
|
|
|
11.8
|
|
|
6.3
|
|
Retail
|
316,863
|
|
|
37,776
|
|
|
5,419
|
|
|
10,415
|
|
|
370,473
|
|
|
10.2
|
|
|
1.5
|
|
SME
|
26,243
|
|
|
2,783
|
|
|
771
|
|
|
-
|
|
|
29,797
|
|
|
9.3
|
|
|
2.6
|
|
Corporate
and other
|
54,975
|
|
|
3,370
|
|
|
1,843
|
|
|
-
|
|
|
60,188
|
|
|
5.6
|
|
|
3.1
|
|
Commercial Banking
|
81,218
|
|
|
6,153
|
|
|
2,614
|
|
|
-
|
|
|
89,985
|
|
|
6.8
|
|
|
2.9
|
|
Insurance and Wealth
|
945
|
|
|
31
|
|
|
56
|
|
|
-
|
|
|
1,032
|
|
|
3.0
|
|
|
5.4
|
|
Equity
Investments and Central Items1
|
(1,549)
|
|
|
1
|
|
|
6
|
|
|
-
|
|
|
(1,542)
|
|
|
|
|
|
|
|
Total gross lending
|
397,477
|
|
|
43,961
|
|
|
8,095
|
|
|
10,415
|
|
|
459,948
|
|
|
9.6
|
|
|
1.8
|
|
ECL allowance on drawn balances
|
(775)
|
|
|
(1,256)
|
|
|
(1,620)
|
|
|
(202)
|
|
|
(3,853)
|
|
|
|
|
|
|
|
Net balance sheet carrying value
|
396,702
|
|
|
42,705
|
|
|
6,475
|
|
|
10,213
|
|
|
456,095
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Customer related ECL allowance (drawn and undrawn)
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|||||||
UK
mortgages
|
44
|
|
|
337
|
|
|
254
|
|
|
202
|
|
|
837
|
|
|
|
|
|
|
|
Credit
cards
|
172
|
|
|
346
|
|
|
111
|
|
|
-
|
|
|
629
|
|
|
|
|
|
|
|
Loans
and overdrafts
|
164
|
|
|
243
|
|
|
135
|
|
|
-
|
|
|
542
|
|
|
|
|
|
|
|
UK
Motor Finance2
|
105
|
|
|
80
|
|
|
105
|
|
|
-
|
|
|
290
|
|
|
|
|
|
|
|
Other
|
46
|
|
|
65
|
|
|
54
|
|
|
-
|
|
|
165
|
|
|
|
|
|
|
|
Retail
|
531
|
|
|
1,071
|
|
|
659
|
|
|
202
|
|
|
2,463
|
|
|
|
|
|
|
|
SME
|
59
|
|
|
107
|
|
|
83
|
|
|
-
|
|
|
249
|
|
|
|
|
|
|
|
Corporate
and other
|
101
|
|
|
186
|
|
|
869
|
|
|
-
|
|
|
1,156
|
|
|
|
|
|
|
|
Commercial Banking
|
160
|
|
|
293
|
|
|
952
|
|
|
-
|
|
|
1,405
|
|
|
|
|
|
|
|
Insurance and Wealth
|
7
|
|
|
1
|
|
|
9
|
|
|
-
|
|
|
17
|
|
|
|
|
|
|
|
Equity Investments and Central Items
|
200
|
|
|
-
|
|
|
4
|
|
|
-
|
|
|
204
|
|
|
|
|
|
|
|
Total
|
898
|
|
|
1,365
|
|
|
1,624
|
|
|
202
|
|
|
4,089
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Customer related ECL allowance (drawn and undrawn) as a percentage
of loans and advances to customers3
|
|
|||||||||||||||||||
UK
mortgages
|
-
|
|
|
1.1
|
|
|
7.4
|
|
|
1.9
|
|
|
0.3
|
|
|
|
|
|
|
|
Credit
cards
|
1.4
|
|
|
15.1
|
|
|
53.6
|
|
|
-
|
|
|
4.2
|
|
|
|
|
|
|
|
Loans
and overdrafts
|
1.9
|
|
|
21.2
|
|
|
70.7
|
|
|
-
|
|
|
5.4
|
|
|
|
|
|
|
|
UK
Motor Finance
|
0.8
|
|
|
4.4
|
|
|
58.7
|
|
|
-
|
|
|
2.0
|
|
|
|
|
|
|
|
Other
|
0.3
|
|
|
2.7
|
|
|
10.4
|
|
|
-
|
|
|
0.8
|
|
|
|
|
|
|
|
Retail
|
0.2
|
|
|
2.8
|
|
|
14.6
|
|
|
1.9
|
|
|
0.7
|
|
|
|
|
|
|
|
SME
|
0.2
|
|
|
3.8
|
|
|
13.5
|
|
|
-
|
|
|
0.8
|
|
|
|
|
|
|
|
Corporate
and other
|
0.2
|
|
|
5.5
|
|
|
47.2
|
|
|
-
|
|
|
1.9
|
|
|
|
|
|
|
|
Commercial Banking
|
0.2
|
|
|
4.8
|
|
|
38.8
|
|
|
-
|
|
|
1.6
|
|
|
|
|
|
|
|
Insurance and Wealth
|
0.7
|
|
|
3.2
|
|
|
16.1
|
|
|
-
|
|
|
1.6
|
|
|
|
|
|
|
|
Equity Investments and Central Items
|
|
|
|
-
|
|
|
66.7
|
|
|
-
|
|
|
|
|
|
|
|
|
|
|
Total
|
0.2
|
|
|
3.1
|
|
|
23.1
|
|
|
1.9
|
|
|
0.9
|
|
|
|
|
|
|
|
At 31 December 2021
|
Stage 1
£m
|
|
|
Stage 2
£m
|
|
|
Stage 3
£m
|
|
|
POCI
£m
|
|
|
Total
£m
|
|
|
Stage 2
as % of
total
|
|
|
Stage 3
as % of
total
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Loans and advances to customers
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
UK
mortgages
|
273,629
|
|
|
21,798
|
|
|
1,940
|
|
|
10,977
|
|
|
308,344
|
|
|
7.1
|
|
|
0.6
|
|
Credit
cards
|
12,148
|
|
|
2,077
|
|
|
292
|
|
|
-
|
|
|
14,517
|
|
|
14.3
|
|
|
2.0
|
|
Loans
and overdrafts
|
8,181
|
|
|
1,105
|
|
|
271
|
|
|
-
|
|
|
9,557
|
|
|
11.6
|
|
|
2.8
|
|
UK
Motor Finance
|
12,247
|
|
|
1,828
|
|
|
201
|
|
|
-
|
|
|
14,276
|
|
|
12.8
|
|
|
1.4
|
|
Other1
|
16,772
|
|
|
2,007
|
|
|
778
|
|
|
-
|
|
|
19,557
|
|
|
10.3
|
|
|
4.0
|
|
Retail
|
322,977
|
|
|
28,815
|
|
|
3,482
|
|
|
10,977
|
|
|
366,251
|
|
|
7.9
|
|
|
1.0
|
|
SME1
|
26,902
|
|
|
2,954
|
|
|
843
|
|
|
-
|
|
|
30,699
|
|
|
9.6
|
|
|
2.7
|
|
Corporate
and other
|
49,115
|
|
|
3,128
|
|
|
2,049
|
|
|
-
|
|
|
54,292
|
|
|
5.8
|
|
|
3.8
|
|
Commercial
Banking
|
76,017
|
|
|
6,082
|
|
|
2,892
|
|
|
-
|
|
|
84,991
|
|
|
7.2
|
|
|
3.4
|
|
Insurance and Wealth
|
898
|
|
|
34
|
|
|
62
|
|
|
-
|
|
|
994
|
|
|
3.4
|
|
|
6.2
|
|
Equity
Investments and Central Items2
|
144
|
|
|
-
|
|
|
7
|
|
|
-
|
|
|
151
|
|
|
-
|
|
|
4.6
|
|
Total gross lending
|
400,036
|
|
|
34,931
|
|
|
6,443
|
|
|
10,977
|
|
|
452,387
|
|
|
7.7
|
|
|
1.4
|
|
ECL allowance on drawn balances
|
(915)
|
|
|
(1,114)
|
|
|
(1,581)
|
|
|
(210)
|
|
|
(3,820)
|
|
|
|
|
|
|
|
Net balance sheet carrying value
|
399,121
|
|
|
33,817
|
|
|
4,862
|
|
|
10,767
|
|
|
448,567
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Customer related ECL allowance (drawn and undrawn)
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|||||||
UK
mortgages
|
49
|
|
|
394
|
|
|
184
|
|
|
210
|
|
|
837
|
|
|
|
|
|
|
|
Credit
cards
|
144
|
|
|
249
|
|
|
128
|
|
|
-
|
|
|
521
|
|
|
|
|
|
|
|
Loans
and overdrafts
|
136
|
|
|
170
|
|
|
139
|
|
|
-
|
|
|
445
|
|
|
|
|
|
|
|
UK
Motor Finance3
|
108
|
|
|
74
|
|
|
116
|
|
|
-
|
|
|
298
|
|
|
|
|
|
|
|
Other
|
45
|
|
|
65
|
|
|
55
|
|
|
-
|
|
|
165
|
|
|
|
|
|
|
|
Retail
|
482
|
|
|
952
|
|
|
622
|
|
|
210
|
|
|
2,266
|
|
|
|
|
|
|
|
SME
|
61
|
|
|
104
|
|
|
90
|
|
|
-
|
|
|
255
|
|
|
|
|
|
|
|
Corporate
and other
|
76
|
|
|
142
|
|
|
858
|
|
|
-
|
|
|
1,076
|
|
|
|
|
|
|
|
Commercial Banking
|
137
|
|
|
246
|
|
|
948
|
|
|
-
|
|
|
1,331
|
|
|
|
|
|
|
|
Insurance and Wealth
|
5
|
|
|
2
|
|
|
10
|
|
|
-
|
|
|
17
|
|
|
|
|
|
|
|
Equity Investments and Central Items
|
400
|
|
|
-
|
|
|
6
|
|
|
-
|
|
|
406
|
|
|
|
|
|
|
|
Total
|
1,024
|
|
|
1,200
|
|
|
1,586
|
|
|
210
|
|
|
4,020
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Customer
related ECL allowance (drawn and undrawn) as a percentage of loans
and advances to customers4
|
|
|||||||||||||||||||
UK
mortgages
|
-
|
|
|
1.8
|
|
|
9.5
|
|
|
1.9
|
|
|
0.3
|
|
|
|
|
|
|
|
Credit
cards
|
1.2
|
|
|
12.0
|
|
|
56.9
|
|
|
-
|
|
|
3.6
|
|
|
|
|
|
|
|
Loans
and overdrafts
|
1.7
|
|
|
15.4
|
|
|
67.5
|
|
|
-
|
|
|
4.7
|
|
|
|
|
|
|
|
UK
Motor Finance
|
0.9
|
|
|
4.0
|
|
|
57.7
|
|
|
-
|
|
|
2.1
|
|
|
|
|
|
|
|
Other
|
0.3
|
|
|
3.2
|
|
|
13.8
|
|
|
-
|
|
|
0.9
|
|
|
|
|
|
|
|
Retail
|
0.1
|
|
|
3.3
|
|
|
20.9
|
|
|
1.9
|
|
|
0.6
|
|
|
|
|
|
|
|
SME
|
0.2
|
|
|
3.5
|
|
|
12.7
|
|
|
-
|
|
|
0.8
|
|
|
|
|
|
|
|
Corporate
and other
|
0.2
|
|
|
4.5
|
|
|
42.0
|
|
|
-
|
|
|
2.0
|
|
|
|
|
|
|
|
Commercial Banking
|
0.2
|
|
|
4.0
|
|
|
34.4
|
|
|
-
|
|
|
1.6
|
|
|
|
|
|
|
|
Insurance and Wealth
|
0.6
|
|
|
5.9
|
|
|
16.1
|
|
|
-
|
|
|
1.7
|
|
|
|
|
|
|
|
Equity Investments and Central Items
|
-
|
|
|
-
|
|
|
85.7
|
|
|
-
|
|
|
4.0
|
|
|
|
|
|
|
|
Total
|
0.3
|
|
|
3.4
|
|
|
27.4
|
|
|
1.9
|
|
|
0.9
|
|
|
|
|
|
|
|
At 30 June 2022
|
Stage 1
£m
|
|
|
Stage 2
£m
|
|
|
Stage 3
£m
|
|
|
Total
£m
|
|
|
Stage 2
as % of
total
|
|
|
Stage 3
as % of
total
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Loans and advances to customers
|
|||||||||||||||||
UK
mortgages
|
268,568
|
|
|
35,555
|
|
|
6,764
|
|
|
310,887
|
|
|
11.4
|
|
|
2.2
|
|
Credit
cards
|
12,484
|
|
|
2,289
|
|
|
280
|
|
|
15,053
|
|
|
15.2
|
|
|
1.9
|
|
Loans
and overdrafts
|
8,666
|
|
|
1,144
|
|
|
256
|
|
|
10,066
|
|
|
11.4
|
|
|
2.5
|
|
UK
Motor Finance
|
12,476
|
|
|
1,832
|
|
|
179
|
|
|
14,487
|
|
|
12.6
|
|
|
1.2
|
|
Other
|
16,689
|
|
|
2,405
|
|
|
1,280
|
|
|
20,374
|
|
|
11.8
|
|
|
6.3
|
|
Retail1
|
318,883
|
|
|
43,225
|
|
|
8,759
|
|
|
370,867
|
|
|
11.7
|
|
|
2.4
|
|
SME
|
26,243
|
|
|
2,783
|
|
|
771
|
|
|
29,797
|
|
|
9.3
|
|
|
2.6
|
|
Corporate
and other
|
54,975
|
|
|
3,370
|
|
|
1,843
|
|
|
60,188
|
|
|
5.6
|
|
|
3.1
|
|
Commercial Banking
|
81,218
|
|
|
6,153
|
|
|
2,614
|
|
|
89,985
|
|
|
6.8
|
|
|
2.9
|
|
Insurance and Wealth
|
945
|
|
|
31
|
|
|
56
|
|
|
1,032
|
|
|
3.0
|
|
|
5.4
|
|
Equity
Investments and Central Items2
|
(1,549)
|
|
|
1
|
|
|
6
|
|
|
(1,542)
|
|
|
|
|
|
|
|
Total gross lending
|
399,497
|
|
|
49,410
|
|
|
11,435
|
|
|
460,342
|
|
|
10.7
|
|
|
2.5
|
|
ECL allowance on drawn balances
|
(776)
|
|
|
(1,389)
|
|
|
(2,082)
|
|
|
(4,247)
|
|
|
|
|
|
|
|
Net balance sheet carrying value
|
398,721
|
|
|
48,021
|
|
|
9,353
|
|
|
456,095
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Customer related ECL allowance (drawn and undrawn)
|
|||||||||||||||||
UK
mortgages
|
45
|
|
|
470
|
|
|
716
|
|
|
1,231
|
|
|
|
|
|
|
|
Credit
cards
|
172
|
|
|
346
|
|
|
111
|
|
|
629
|
|
|
|
|
|
|
|
Loans
and overdrafts
|
164
|
|
|
243
|
|
|
135
|
|
|
542
|
|
|
|
|
|
|
|
UK
Motor Finance3
|
105
|
|
|
80
|
|
|
105
|
|
|
290
|
|
|
|
|
|
|
|
Other
|
46
|
|
|
65
|
|
|
54
|
|
|
165
|
|
|
|
|
|
|
|
Retail1
|
532
|
|
|
1,204
|
|
|
1,121
|
|
|
2,857
|
|
|
|
|
|
|
|
SME
|
59
|
|
|
107
|
|
|
83
|
|
|
249
|
|
|
|
|
|
|
|
Corporate
and other
|
101
|
|
|
186
|
|
|
869
|
|
|
1,156
|
|
|
|
|
|
|
|
Commercial Banking
|
160
|
|
|
293
|
|
|
952
|
|
|
1,405
|
|
|
|
|
|
|
|
Insurance and Wealth
|
7
|
|
|
1
|
|
|
9
|
|
|
17
|
|
|
|
|
|
|
|
Equity Investments and Central Items
|
200
|
|
|
-
|
|
|
4
|
|
|
204
|
|
|
|
|
|
|
|
Total
|
899
|
|
|
1,498
|
|
|
2,086
|
|
|
4,483
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Customer related ECL allowance (drawn and undrawn) as a percentage
of loans and advances to customers4
|
|||||||||||||||||
UK
mortgages
|
-
|
|
|
1.3
|
|
|
10.6
|
|
|
0.4
|
|
|
|
|
|
|
|
Credit
cards
|
1.4
|
|
|
15.1
|
|
|
53.6
|
|
|
4.2
|
|
|
|
|
|
|
|
Loans
and overdrafts
|
1.9
|
|
|
21.2
|
|
|
70.7
|
|
|
5.4
|
|
|
|
|
|
|
|
UK
Motor Finance
|
0.8
|
|
|
4.4
|
|
|
58.7
|
|
|
2.0
|
|
|
|
|
|
|
|
Other
|
0.3
|
|
|
2.7
|
|
|
10.4
|
|
|
0.8
|
|
|
|
|
|
|
|
Retail1
|
0.2
|
|
|
2.8
|
|
|
14.3
|
|
|
0.8
|
|
|
|
|
|
|
|
SME
|
0.2
|
|
|
3.8
|
|
|
13.5
|
|
|
0.8
|
|
|
|
|
|
|
|
Corporate
and other
|
0.2
|
|
|
5.5
|
|
|
47.2
|
|
|
1.9
|
|
|
|
|
|
|
|
Commercial Banking
|
0.2
|
|
|
4.8
|
|
|
38.8
|
|
|
1.6
|
|
|
|
|
|
|
|
Insurance and Wealth
|
0.7
|
|
|
3.2
|
|
|
16.1
|
|
|
1.6
|
|
|
|
|
|
|
|
Equity Investments and Central Items
|
|
|
|
-
|
|
|
66.7
|
|
|
|
|
|
|
|
|
|
|
Total
|
0.2
|
|
|
3.0
|
|
|
20.1
|
|
|
1.0
|
|
|
|
|
|
|
|
At 31 December 2021
|
Stage 1
£m
|
|
|
Stage 2
£m
|
|
|
Stage 3
£m
|
|
|
Total
£m
|
|
|
Stage 2
as % of
total
|
|
|
Stage 3
as % of
total
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Loans and advances to customers
|
|||||||||||||||||
UK
mortgages
|
276,021
|
|
|
28,579
|
|
|
4,191
|
|
|
308,791
|
|
|
9.3
|
|
|
1.4
|
|
Credit
cards
|
12,135
|
|
|
2,075
|
|
|
292
|
|
|
14,502
|
|
|
14.3
|
|
|
2.0
|
|
Loans
and overdrafts
|
8,181
|
|
|
1,105
|
|
|
271
|
|
|
9,557
|
|
|
11.6
|
|
|
2.8
|
|
UK
Motor Finance
|
12,247
|
|
|
1,828
|
|
|
201
|
|
|
14,276
|
|
|
12.8
|
|
|
1.4
|
|
Other1
|
16,772
|
|
|
2,007
|
|
|
778
|
|
|
19,557
|
|
|
10.3
|
|
|
4.0
|
|
Retail2
|
325,356
|
|
|
35,594
|
|
|
5,733
|
|
|
366,683
|
|
|
9.7
|
|
|
1.6
|
|
SME1
|
26,902
|
|
|
2,954
|
|
|
843
|
|
|
30,699
|
|
|
9.6
|
|
|
2.7
|
|
Corporate
and other
|
49,115
|
|
|
3,128
|
|
|
2,049
|
|
|
54,292
|
|
|
5.8
|
|
|
3.8
|
|
Commercial
Banking
|
76,017
|
|
|
6,082
|
|
|
2,892
|
|
|
84,991
|
|
|
7.2
|
|
|
3.4
|
|
Insurance and Wealth
|
898
|
|
|
34
|
|
|
62
|
|
|
994
|
|
|
3.4
|
|
|
6.2
|
|
Equity
Investments and Central Items3
|
144
|
|
|
-
|
|
|
7
|
|
|
151
|
|
|
-
|
|
|
4.6
|
|
Total gross lending
|
402,415
|
|
|
41,710
|
|
|
8,694
|
|
|
452,819
|
|
|
9.2
|
|
|
1.9
|
|
ECL allowance on drawn balances
|
(919)
|
|
|
(1,377)
|
|
|
(1,981)
|
|
|
(4,277)
|
|
|
|
|
|
|
|
Net balance sheet carrying value
|
401,496
|
|
|
40,333
|
|
|
6,713
|
|
|
448,542
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Customer related ECL allowance (drawn and undrawn)
|
|||||||||||||||||
UK
mortgages
|
50
|
|
|
653
|
|
|
581
|
|
|
1,284
|
|
|
|
|
|
|
|
Credit
cards
|
147
|
|
|
253
|
|
|
131
|
|
|
531
|
|
|
|
|
|
|
|
Loans
and overdrafts
|
136
|
|
|
170
|
|
|
139
|
|
|
445
|
|
|
|
|
|
|
|
UK
Motor Finance4
|
108
|
|
|
74
|
|
|
116
|
|
|
298
|
|
|
|
|
|
|
|
Other
|
45
|
|
|
65
|
|
|
55
|
|
|
165
|
|
|
|
|
|
|
|
Retail2
|
486
|
|
|
1,215
|
|
|
1,022
|
|
|
2,723
|
|
|
|
|
|
|
|
SME
|
61
|
|
|
104
|
|
|
90
|
|
|
255
|
|
|
|
|
|
|
|
Other
|
76
|
|
|
142
|
|
|
858
|
|
|
1,076
|
|
|
|
|
|
|
|
Commercial Banking
|
137
|
|
|
246
|
|
|
948
|
|
|
1,331
|
|
|
|
|
|
|
|
Insurance and Wealth
|
5
|
|
|
2
|
|
|
10
|
|
|
17
|
|
|
|
|
|
|
|
Equity Investments and Central Items
|
400
|
|
|
-
|
|
|
6
|
|
|
406
|
|
|
|
|
|
|
|
Total
|
1,028
|
|
|
1,463
|
|
|
1,986
|
|
|
4,477
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Customer
related ECL allowance (drawn and undrawn) as a percentage of loans
and advances to customers5
|
|||||||||||||||||
UK
mortgages
|
-
|
|
|
2.3
|
|
|
13.9
|
|
|
0.4
|
|
|
|
|
|
|
|
Credit
cards
|
1.2
|
|
|
12.2
|
|
|
58.2
|
|
|
3.7
|
|
|
|
|
|
|
|
Loans
and overdrafts
|
1.7
|
|
|
15.4
|
|
|
67.5
|
|
|
4.7
|
|
|
|
|
|
|
|
UK
Motor Finance
|
0.9
|
|
|
4.0
|
|
|
57.7
|
|
|
2.1
|
|
|
|
|
|
|
|
Other
|
0.3
|
|
|
3.2
|
|
|
13.8
|
|
|
0.9
|
|
|
|
|
|
|
|
Retail2
|
0.1
|
|
|
3.4
|
|
|
19.6
|
|
|
0.7
|
|
|
|
|
|
|
|
SME
|
0.2
|
|
|
3.5
|
|
|
12.7
|
|
|
0.8
|
|
|
|
|
|
|
|
Corporate
and other
|
0.2
|
|
|
4.5
|
|
|
42.0
|
|
|
2.0
|
|
|
|
|
|
|
|
Commercial Banking
|
0.2
|
|
|
4.0
|
|
|
34.4
|
|
|
1.6
|
|
|
|
|
|
|
|
Insurance and Wealth
|
0.6
|
|
|
5.9
|
|
|
16.1
|
|
|
1.7
|
|
|
|
|
|
|
|
Equity Investments and Central Items
|
-
|
|
|
-
|
|
|
85.7
|
|
|
4.0
|
|
|
|
|
|
|
|
Total
|
0.3
|
|
|
3.5
|
|
|
24.7
|
|
|
1.0
|
|
|
|
|
|
|
|
|
Up to date
|
|
1 to 30 days
past due2
|
|
Over 30 days
past due
|
|
Total
|
||||||||||||||||||||||
|
PD movements
|
|
Other1
|
|
|
|
|||||||||||||||||||||||
At 30 June 2022
|
Gross
lending
£m
|
|
|
ECL3
£m
|
|
|
Gross
lending
£m
|
|
|
ECL3
£m
|
|
|
Gross
lending
£m
|
|
|
ECL3
£m
|
|
|
Gross
lending
£m
|
|
|
ECL3
£m
|
|
|
Gross
lending
£m
|
|
|
ECL3
£m
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
UK
mortgages
|
21,618
|
|
|
141
|
|
|
6,241
|
|
|
117
|
|
|
1,549
|
|
|
39
|
|
|
698
|
|
|
40
|
|
|
30,106
|
|
|
337
|
|
Credit
cards
|
2,042
|
|
|
257
|
|
|
131
|
|
|
45
|
|
|
87
|
|
|
28
|
|
|
29
|
|
|
16
|
|
|
2,289
|
|
|
346
|
|
Loans
and overdrafts
|
735
|
|
|
140
|
|
|
235
|
|
|
42
|
|
|
134
|
|
|
43
|
|
|
40
|
|
|
18
|
|
|
1,144
|
|
|
243
|
|
UK
Motor Finance
|
675
|
|
|
24
|
|
|
977
|
|
|
21
|
|
|
143
|
|
|
25
|
|
|
37
|
|
|
10
|
|
|
1,832
|
|
|
80
|
|
Other
|
380
|
|
|
23
|
|
|
1,450
|
|
|
24
|
|
|
396
|
|
|
11
|
|
|
179
|
|
|
7
|
|
|
2,405
|
|
|
65
|
|
Retail
|
25,450
|
|
|
585
|
|
|
9,034
|
|
|
249
|
|
|
2,309
|
|
|
146
|
|
|
983
|
|
|
91
|
|
|
37,776
|
|
|
1,071
|
|
SME
|
2,511
|
|
|
99
|
|
|
126
|
|
|
4
|
|
|
58
|
|
|
2
|
|
|
88
|
|
|
2
|
|
|
2,783
|
|
|
107
|
|
Corporate
and other
|
3,080
|
|
|
180
|
|
|
151
|
|
|
3
|
|
|
39
|
|
|
3
|
|
|
100
|
|
|
-
|
|
|
3,370
|
|
|
186
|
|
Commercial Banking
|
5,591
|
|
|
279
|
|
|
277
|
|
|
7
|
|
|
97
|
|
|
5
|
|
|
188
|
|
|
2
|
|
|
6,153
|
|
|
293
|
|
Insurance and Wealth
|
16
|
|
|
-
|
|
|
7
|
|
|
1
|
|
|
-
|
|
|
-
|
|
|
8
|
|
|
-
|
|
|
31
|
|
|
1
|
|
Equity Investments and Central Items
|
-
|
|
|
-
|
|
|
1
|
|
|
-
|
|
|
-
|
|
|
-
|
|
|
-
|
|
|
-
|
|
|
1
|
|
|
-
|
|
Total
|
31,057
|
|
|
864
|
|
|
9,319
|
|
|
257
|
|
|
2,406
|
|
|
151
|
|
|
1,179
|
|
|
93
|
|
|
43,961
|
|
|
1,365
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
At 31 December 2021
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
UK
mortgages
|
14,845
|
|
|
132
|
|
|
4,133
|
|
|
155
|
|
|
1,433
|
|
|
38
|
|
|
1,387
|
|
|
69
|
|
|
21,798
|
|
|
394
|
|
Credit
cards
|
1,755
|
|
|
176
|
|
|
210
|
|
|
42
|
|
|
86
|
|
|
20
|
|
|
26
|
|
|
11
|
|
|
2,077
|
|
|
249
|
|
Loans
and overdrafts
|
505
|
|
|
82
|
|
|
448
|
|
|
43
|
|
|
113
|
|
|
30
|
|
|
39
|
|
|
15
|
|
|
1,105
|
|
|
170
|
|
UK
Motor Finance
|
581
|
|
|
20
|
|
|
1,089
|
|
|
26
|
|
|
124
|
|
|
19
|
|
|
34
|
|
|
9
|
|
|
1,828
|
|
|
74
|
|
Other4
|
586
|
|
|
41
|
|
|
990
|
|
|
15
|
|
|
294
|
|
|
6
|
|
|
137
|
|
|
3
|
|
|
2,007
|
|
|
65
|
|
Retail
|
18,272
|
|
|
451
|
|
|
6,870
|
|
|
281
|
|
|
2,050
|
|
|
113
|
|
|
1,623
|
|
|
107
|
|
|
28,815
|
|
|
952
|
|
SME4
|
2,641
|
|
|
96
|
|
|
192
|
|
|
5
|
|
|
41
|
|
|
2
|
|
|
80
|
|
|
1
|
|
|
2,954
|
|
|
104
|
|
Corporate
and other
|
2,998
|
|
|
139
|
|
|
79
|
|
|
3
|
|
|
10
|
|
|
-
|
|
|
41
|
|
|
-
|
|
|
3,128
|
|
|
142
|
|
Commercial
Banking
|
5,639
|
|
|
235
|
|
|
271
|
|
|
8
|
|
|
51
|
|
|
2
|
|
|
121
|
|
|
1
|
|
|
6,082
|
|
|
246
|
|
Insurance and Wealth
|
18
|
|
|
-
|
|
|
6
|
|
|
1
|
|
|
2
|
|
|
-
|
|
|
8
|
|
|
1
|
|
|
34
|
|
|
2
|
|
Equity Investments and Central Items
|
-
|
|
|
-
|
|
|
-
|
|
|
-
|
|
|
-
|
|
|
-
|
|
|
-
|
|
|
-
|
|
|
-
|
|
|
-
|
|
Total
|
23,929
|
|
|
686
|
|
|
7,147
|
|
|
290
|
|
|
2,103
|
|
|
115
|
|
|
1,752
|
|
|
109
|
|
|
34,931
|
|
|
1,200
|
|
|
Up to date
|
|
1 to 30 days
past due2
|
|
Over 30 days past due
|
|
Total
|
||||||||||||||||||||||
|
PD movements
|
|
Other1
|
|
|
|
|||||||||||||||||||||||
At 30 June 2022
|
Gross
lending
£m
|
|
|
ECL3
£m
|
|
|
Gross
lending
£m
|
|
|
ECL3
£m
|
|
|
Gross
lending
£m
|
|
|
ECL3
£m
|
|
|
Gross
lending
£m
|
|
|
ECL3
£m
|
|
|
Gross
lending
£m
|
|
|
ECL3
£m
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
UK
mortgages
|
24,356
|
|
|
193
|
|
|
7,836
|
|
|
161
|
|
|
2,290
|
|
|
60
|
|
|
1,073
|
|
|
56
|
|
|
35,555
|
|
|
470
|
|
Credit
cards
|
2,042
|
|
|
257
|
|
|
131
|
|
|
45
|
|
|
87
|
|
|
28
|
|
|
29
|
|
|
16
|
|
|
2,289
|
|
|
346
|
|
Loans
and overdrafts
|
735
|
|
|
140
|
|
|
235
|
|
|
42
|
|
|
134
|
|
|
43
|
|
|
40
|
|
|
18
|
|
|
1,144
|
|
|
243
|
|
UK
Motor Finance
|
675
|
|
|
24
|
|
|
977
|
|
|
21
|
|
|
143
|
|
|
25
|
|
|
37
|
|
|
10
|
|
|
1,832
|
|
|
80
|
|
Other
|
380
|
|
|
23
|
|
|
1,450
|
|
|
24
|
|
|
396
|
|
|
11
|
|
|
179
|
|
|
7
|
|
|
2,405
|
|
|
65
|
|
Retail
|
28,188
|
|
|
637
|
|
|
10,629
|
|
|
293
|
|
|
3,050
|
|
|
167
|
|
|
1,358
|
|
|
107
|
|
|
43,225
|
|
|
1,204
|
|
SME
|
2,511
|
|
|
99
|
|
|
126
|
|
|
4
|
|
|
58
|
|
|
2
|
|
|
88
|
|
|
2
|
|
|
2,783
|
|
|
107
|
|
Corporate
and other
|
3,080
|
|
|
180
|
|
|
151
|
|
|
3
|
|
|
39
|
|
|
3
|
|
|
100
|
|
|
-
|
|
|
3,370
|
|
|
186
|
|
Commercial Banking
|
5,591
|
|
|
279
|
|
|
277
|
|
|
7
|
|
|
97
|
|
|
5
|
|
|
188
|
|
|
2
|
|
|
6,153
|
|
|
293
|
|
Insurance and Wealth
|
16
|
|
|
-
|
|
|
7
|
|
|
1
|
|
|
-
|
|
|
-
|
|
|
8
|
|
|
-
|
|
|
31
|
|
|
1
|
|
Equity Investments and Central Items
|
-
|
|
|
-
|
|
|
1
|
|
|
-
|
|
|
-
|
|
|
-
|
|
|
-
|
|
|
-
|
|
|
1
|
|
|
-
|
|
Total
|
33,795
|
|
|
916
|
|
|
10,914
|
|
|
301
|
|
|
3,147
|
|
|
172
|
|
|
1,554
|
|
|
109
|
|
|
49,410
|
|
|
1,498
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
At 31 December 2021
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
UK
mortgages
|
17,917
|
|
|
226
|
|
|
6,053
|
|
|
222
|
|
|
2,270
|
|
|
73
|
|
|
2,339
|
|
|
132
|
|
|
28,579
|
|
|
653
|
|
Credit
cards
|
1,754
|
|
|
179
|
|
|
209
|
|
|
41
|
|
|
86
|
|
|
21
|
|
|
26
|
|
|
12
|
|
|
2,075
|
|
|
253
|
|
Loans
and overdrafts
|
505
|
|
|
82
|
|
|
448
|
|
|
43
|
|
|
113
|
|
|
30
|
|
|
39
|
|
|
15
|
|
|
1,105
|
|
|
170
|
|
UK
Motor Finance
|
581
|
|
|
20
|
|
|
1,089
|
|
|
26
|
|
|
124
|
|
|
19
|
|
|
34
|
|
|
9
|
|
|
1,828
|
|
|
74
|
|
Other4
|
586
|
|
|
41
|
|
|
990
|
|
|
15
|
|
|
294
|
|
|
6
|
|
|
137
|
|
|
3
|
|
|
2,007
|
|
|
65
|
|
Retail
|
21,343
|
|
|
548
|
|
|
8,789
|
|
|
347
|
|
|
2,887
|
|
|
149
|
|
|
2,575
|
|
|
171
|
|
|
35,594
|
|
|
1,215
|
|
SME4
|
2,641
|
|
|
96
|
|
|
192
|
|
|
5
|
|
|
41
|
|
|
2
|
|
|
80
|
|
|
1
|
|
|
2,954
|
|
|
104
|
|
Corporate
and other
|
2,998
|
|
|
139
|
|
|
79
|
|
|
3
|
|
|
10
|
|
|
-
|
|
|
41
|
|
|
-
|
|
|
3,128
|
|
|
142
|
|
Commercial
Banking
|
5,639
|
|
|
235
|
|
|
271
|
|
|
8
|
|
|
51
|
|
|
2
|
|
|
121
|
|
|
1
|
|
|
6,082
|
|
|
246
|
|
Insurance and Wealth
|
18
|
|
|
-
|
|
|
6
|
|
|
1
|
|
|
2
|
|
|
-
|
|
|
8
|
|
|
1
|
|
|
34
|
|
|
2
|
|
Equity Investments and Central Items
|
-
|
|
|
-
|
|
|
-
|
|
|
-
|
|
|
-
|
|
|
-
|
|
|
-
|
|
|
-
|
|
|
-
|
|
|
-
|
|
Total
|
27,000
|
|
|
783
|
|
|
9,066
|
|
|
356
|
|
|
2,940
|
|
|
151
|
|
|
2,704
|
|
|
173
|
|
|
41,710
|
|
|
1,463
|
|
Statutory basis
|
Probability-
weighted
£m
|
|
|
Upside
£m
|
|
|
Base case
£m
|
|
|
Downside
£m
|
|
|
Severe
downside
£m
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
UK mortgages
|
|
837
|
|
|
462
|
|
|
610
|
|
|
980
|
|
|
2,213
|
|
Credit cards
|
|
629
|
|
|
546
|
|
|
597
|
|
|
686
|
|
|
804
|
|
Other Retail
|
|
997
|
|
|
949
|
|
|
981
|
|
|
1,029
|
|
|
1,093
|
|
Commercial Banking
|
|
1,411
|
|
|
1,215
|
|
|
1,310
|
|
|
1,482
|
|
|
2,093
|
|
Other
|
|
246
|
|
|
244
|
|
|
246
|
|
|
246
|
|
|
247
|
|
At 30 June 2022
|
|
4,120
|
|
|
3,416
|
|
|
3,744
|
|
|
4,423
|
|
|
6,450
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
UK mortgages
|
|
837
|
|
|
637
|
|
|
723
|
|
|
967
|
|
|
1,386
|
|
Credit cards
|
|
521
|
|
|
442
|
|
|
500
|
|
|
569
|
|
|
672
|
|
Other Retail
|
|
908
|
|
|
844
|
|
|
892
|
|
|
947
|
|
|
1,034
|
|
Commercial Banking
|
|
1,333
|
|
|
1,196
|
|
|
1,261
|
|
|
1,403
|
|
|
1,753
|
|
Other
|
|
443
|
|
|
441
|
|
|
443
|
|
|
444
|
|
|
446
|
|
At 31 December 2021
|
|
4,042
|
|
|
3,560
|
|
|
3,819
|
|
|
4,330
|
|
|
5,291
|
|
Underlying basisA
|
Probability-
weighted
£m
|
|
|
Upside
£m
|
|
|
Base case
£m
|
|
|
Downside
£m
|
|
|
Severe
downside
£m
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
UK mortgages
|
|
1,231
|
|
|
856
|
|
|
1,004
|
|
|
1,374
|
|
|
2,607
|
|
Credit cards
|
|
629
|
|
|
546
|
|
|
597
|
|
|
686
|
|
|
804
|
|
Other Retail
|
|
997
|
|
|
949
|
|
|
981
|
|
|
1,029
|
|
|
1,093
|
|
Commercial Banking
|
|
1,411
|
|
|
1,215
|
|
|
1,310
|
|
|
1,482
|
|
|
2,093
|
|
Other
|
|
246
|
|
|
244
|
|
|
246
|
|
|
246
|
|
|
247
|
|
At 30 June 2022
|
|
4,514
|
|
|
3,810
|
|
|
4,138
|
|
|
4,817
|
|
|
6,844
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
UK mortgages
|
|
1,284
|
|
|
1,084
|
|
|
1,170
|
|
|
1,414
|
|
|
1,833
|
|
Credit cards
|
|
531
|
|
|
453
|
|
|
511
|
|
|
579
|
|
|
682
|
|
Other Retail
|
|
908
|
|
|
844
|
|
|
892
|
|
|
947
|
|
|
1,034
|
|
Commercial Banking
|
|
1,333
|
|
|
1,196
|
|
|
1,261
|
|
|
1,403
|
|
|
1,753
|
|
Other
|
|
443
|
|
|
441
|
|
|
443
|
|
|
444
|
|
|
446
|
|
At 31 December 2021
|
|
4,499
|
|
|
4,018
|
|
|
4,277
|
|
|
4,787
|
|
|
5,748
|
|
|
At 30 Jun
2022
£m
|
|
|
At 31
Dec 2021
£m
|
|
|
|
|
|
|
|
Mainstream
|
250,764
|
|
|
248,013
|
|
Buy-to-let
|
51,256
|
|
|
51,111
|
|
Specialist
|
8,473
|
|
|
9,220
|
|
Total
|
310,493
|
|
|
308,344
|
|
|
Number of cases
|
|
Total mortgage accounts
|
|
Value of loans1
|
|
Total mortgage balances
|
||||||||||||||||
|
At 30 Jun 2022Cases
|
|
|
At 31 Dec 2021Cases
|
|
|
At 30 Jun 2022%
|
|
|
At 31 Dec 2021%
|
|
|
At 30 Jun 2022£m
|
|
|
At 31 Dec 2021£m
|
|
|
At 30 Jun 2022%
|
|
|
At 31 Dec 2021%
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Mainstream
|
20,503
|
|
|
22,128
|
|
|
1.1
|
|
|
1.2
|
|
|
2,259
|
|
|
2,481
|
|
|
0.9
|
|
|
1.0
|
|
Buy-to-let
|
3,640
|
|
|
4,171
|
|
|
0.9
|
|
|
1.0
|
|
|
476
|
|
|
537
|
|
|
0.9
|
|
|
1.0
|
|
Specialist
|
4,804
|
|
|
5,491
|
|
|
6.5
|
|
|
7.5
|
|
|
785
|
|
|
892
|
|
|
9.0
|
|
|
9.4
|
|
Total
|
28,947
|
|
|
31,790
|
|
|
1.2
|
|
|
1.4
|
|
|
3,520
|
|
|
3,910
|
|
|
1.1
|
|
|
1.3
|
|
At 30 June 2022
|
Mainstream
%
|
|
|
Buy-to-let
%
|
|
|
Specialist
%
|
|
|
Total
%
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Less than 60%
|
|
64.0
|
|
|
76.8
|
|
|
86.9
|
|
|
66.8
|
|
60% to 70%
|
|
20.4
|
|
|
19.5
|
|
|
7.7
|
|
|
19.9
|
|
70% to 80%
|
|
12.0
|
|
|
3.4
|
|
|
2.2
|
|
|
10.3
|
|
80% to 90%
|
|
3.2
|
|
|
0.1
|
|
|
1.1
|
|
|
2.6
|
|
90% to 100%
|
|
0.3
|
|
|
0.1
|
|
|
1.0
|
|
|
0.3
|
|
Greater than 100%
|
|
0.1
|
|
|
0.1
|
|
|
1.1
|
|
|
0.1
|
|
Total
|
|
100.0
|
|
|
100.0
|
|
|
100.0
|
|
|
100.0
|
|
Average
loan to value1:
|
|
|
|
|
|
|
|
|
|
|
|
|
Stock
of residential mortgages
|
|
39.5
|
|
|
45.4
|
|
|
34.9
|
|
|
40.2
|
|
New
residential lending
|
|
62.3
|
|
|
59.3
|
|
|
n/a
|
|
|
61.9
|
|
At 31 December 2021
|
|
|
|
|
|
|
|
|
|
|
|
|
Less than 60%
|
|
58.1
|
|
|
69.3
|
|
|
80.6
|
|
|
60.7
|
|
60% to 70%
|
|
19.6
|
|
|
23.8
|
|
|
11.8
|
|
|
20.1
|
|
70% to 80%
|
|
16.8
|
|
|
6.4
|
|
|
3.5
|
|
|
14.6
|
|
80% to 90%
|
|
5.0
|
|
|
0.2
|
|
|
1.3
|
|
|
4.1
|
|
90% to 100%
|
|
0.4
|
|
|
0.1
|
|
|
0.9
|
|
|
0.3
|
|
Greater than 100%
|
|
0.1
|
|
|
0.2
|
|
|
1.9
|
|
|
0.2
|
|
Total
|
|
100.0
|
|
|
100.0
|
|
|
100.0
|
|
|
100.0
|
|
Average
loan to value1:
|
|
|
|
|
|
|
|
|
|
|
|
|
Stock
of residential mortgages
|
|
41.3
|
|
|
47.7
|
|
|
37.5
|
|
|
42.1
|
|
New
residential lending
|
|
63.7
|
|
|
60.4
|
|
|
n/a
|
|
|
63.3
|
|
|
At 30 Jun 2022£bn
|
|
|
At 31 Dec 2021£bn
|
|
|
Change%
|
Group funding position
|
|
|
|
|
|
|
|
Loans
and advances to customers
|
456.1
|
|
|
448.6
|
|
|
2
|
Loans
and advances to banks1
|
7.7
|
|
|
6.9
|
|
|
12
|
Debt securities at amortised cost
|
9.0
|
|
|
6.8
|
|
|
32
|
Reverse repurchase agreements - non-trading
|
56.5
|
|
|
54.8
|
|
|
3
|
Financial
assets at fair value through other comprehensive
income
|
24.3
|
|
|
28.1
|
|
|
(14)
|
Cash
and balances at central banks
|
86.7
|
|
|
76.4
|
|
|
13
|
Other
assets2
|
250.1
|
|
|
264.9
|
|
|
(6)
|
Total Group assets
|
890.4
|
|
|
886.5
|
|
|
|
Less
other liabilities2
|
(216.2)
|
|
|
(232.8)
|
|
|
(7)
|
Funding requirements
|
674.2
|
|
|
653.7
|
|
|
3
|
|
|
|
|
|
|
|
|
Customer
deposits
|
478.2
|
|
|
476.3
|
|
|
|
Wholesale
funding3
|
97.7
|
|
|
93.1
|
|
|
5
|
Repurchase agreements - non-trading
|
18.2
|
|
|
1.1
|
|
|
|
Term
Funding Scheme with additional incentives for SMEs
(TFSME)
|
30.0
|
|
|
30.0
|
|
|
|
Total equity
|
50.1
|
|
|
53.2
|
|
|
(6)
|
Funding sources
|
674.2
|
|
|
653.7
|
|
|
3
|
At 30 June 2022
|
Included
in funding
analysis
£bn
|
|
|
Cash collateral received
£bn
|
|
Fair value
and other
accounting
methods
£bn
|
|
|
Balance
sheet
£bn
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Deposits from banks
|
4.2
|
|
|
3.1
|
|
|
0.2
|
|
|
7.5
|
|
Debt securities in issue
|
81.0
|
|
|
-
|
|
|
(6.7)
|
|
|
74.3
|
|
Subordinated liabilities
|
12.5
|
|
|
-
|
|
|
(1.7)
|
|
|
10.8
|
|
Total wholesale funding1
|
97.7
|
|
|
3.1
|
|
|
|
|
|
|
|
Customer deposits
|
478.2
|
|
|
-
|
|
|
-
|
|
|
478.2
|
|
Total
|
575.9
|
|
|
3.1
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
At 31 December 2021
|
|
|
|
|
|
|
|
|
|
|
|
Deposits from banks
|
3.3
|
|
|
4.3
|
|
|
-
|
|
|
7.6
|
|
Debt securities in issue
|
76.4
|
|
|
-
|
|
|
(4.8)
|
|
|
71.6
|
|
Subordinated liabilities
|
13.4
|
|
|
-
|
|
|
(0.3)
|
|
|
13.1
|
|
Total
wholesale funding1
|
93.1
|
|
|
4.3
|
|
|
|
|
|
|
|
Customer deposits
|
476.3
|
|
|
-
|
|
|
-
|
|
|
476.3
|
|
Total
|
569.4
|
|
|
4.3
|
|
|
|
|
|
|
|
Less
than one
month
£bn
|
|
One to
three
months
£bn
|
|
Three
to six
months
£bn
|
|
Six
to nine
months
£bn
|
|
Nine
months
to one
year
£bn
|
|
One to
two years
£bn
|
|
Two to
five years
£bn
|
|
More than
five years
£bn
|
|
Total at 30 Jun 2022£bn
|
|
Total at 31 Dec 2021£bn
|
|
||||||||||
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Deposits from banks
|
2.1
|
|
|
1.1
|
|
|
0.5
|
|
|
0.1
|
|
|
-
|
|
|
0.4
|
|
|
-
|
|
|
-
|
|
|
4.2
|
|
|
3.3
|
|
Debt securities in issue:
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Certificates
of deposit
|
1.9
|
|
|
1.7
|
|
|
0.9
|
|
|
1.4
|
|
|
0.5
|
|
|
-
|
|
|
-
|
|
|
-
|
|
|
6.4
|
|
|
4.4
|
|
Commercial
paper
|
6.2
|
|
|
3.5
|
|
|
1.3
|
|
|
0.2
|
|
|
0.1
|
|
|
-
|
|
|
-
|
|
|
-
|
|
|
11.3
|
|
|
8.7
|
|
Medium-term
notes
|
0.1
|
|
|
1.5
|
|
|
2.7
|
|
|
1.9
|
|
|
2.2
|
|
|
5.7
|
|
|
18.9
|
|
|
11.4
|
|
|
44.4
|
|
|
42.5
|
|
Covered
bonds
|
0.8
|
|
|
0.9
|
|
|
0.5
|
|
|
2.6
|
|
|
0.9
|
|
|
2.2
|
|
|
5.1
|
|
|
2.2
|
|
|
15.2
|
|
|
17.0
|
|
Securitisation
|
0.4
|
|
|
0.1
|
|
|
0.2
|
|
|
0.5
|
|
|
-
|
|
|
0.1
|
|
|
1.0
|
|
|
1.4
|
|
|
3.7
|
|
|
3.8
|
|
|
9.4
|
|
|
7.7
|
|
|
5.6
|
|
|
6.6
|
|
|
3.7
|
|
|
8.0
|
|
|
25.0
|
|
|
15.0
|
|
|
81.0
|
|
|
76.4
|
|
Subordinated liabilities
|
-
|
|
|
-
|
|
|
-
|
|
|
-
|
|
|
1.1
|
|
|
0.7
|
|
|
5.1
|
|
|
5.6
|
|
|
12.5
|
|
|
13.4
|
|
Total wholesale funding1
|
11.5
|
|
|
8.8
|
|
|
6.1
|
|
|
6.7
|
|
|
4.8
|
|
|
9.1
|
|
|
30.1
|
|
|
20.6
|
|
|
97.7
|
|
|
93.1
|
|
|
Sterling
£bn
|
|
|
US Dollar
£bn
|
|
|
Euro
£bn
|
|
|
Other
currencies
£bn
|
|
|
Total
£bn
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Securitisation1
|
0.3
|
|
|
-
|
|
|
-
|
|
|
-
|
|
|
0.3
|
|
Medium-term notes
|
0.5
|
|
|
1.5
|
|
|
-
|
|
|
1.2
|
|
|
3.2
|
|
Covered bonds
|
-
|
|
|
-
|
|
|
-
|
|
|
-
|
|
|
-
|
|
Private placements
|
-
|
|
|
-
|
|
|
-
|
|
|
-
|
|
|
-
|
|
Subordinated liabilities
|
-
|
|
|
-
|
|
|
-
|
|
|
-
|
|
|
-
|
|
Total issuance
|
0.8
|
|
|
1.5
|
|
|
-
|
|
|
1.2
|
|
|
3.5
|
|
|
Average
|
|
|
||||
|
20221
£bn
|
|
|
20212
£bn
|
|
|
Change%
|
|
|
|
|
|
|
|
|
Level 1
|
|
|
|
|
|
|
|
Cash and central bank reserves
|
78.3
|
|
|
71.0
|
|
|
10
|
High
quality government/MDB/agency bonds3
|
62.7
|
|
|
65.2
|
|
|
(4)
|
High quality covered bonds
|
2.1
|
|
|
2.4
|
|
|
(13)
|
Total
|
143.1
|
|
|
138.6
|
|
|
3
|
Level
24
|
2.8
|
|
|
1.6
|
|
|
75
|
Total LCR eligible assets
|
145.9
|
|
|
140.2
|
|
|
4
|
|
At 30 Jun
2022
£m
|
|
|
At 31
Dec 2021
£m
|
|
|
|
|
|
|
|
Common equity tier 1
|
|
|
|
|
|
Shareholders' equity per balance sheet
|
44,371
|
|
|
47,011
|
|
Adjustment to retained earnings for foreseeable
dividends
|
(824)
|
|
|
(947)
|
|
Adjustment to retained earnings for full impact of share
buyback
|
(164)
|
|
|
-
|
|
Deconsolidation
adjustments1
|
2,835
|
|
|
2,486
|
|
Cash flow hedging reserve
|
3,185
|
|
|
457
|
|
Other adjustments
|
(256)
|
|
|
547
|
|
|
49,147
|
|
|
49,554
|
|
less: deductions from common equity tier 1
|
|
|
|
|
|
Goodwill and other intangible assets
|
(4,524)
|
|
|
(3,026)
|
|
Prudent valuation adjustment
|
(427)
|
|
|
(457)
|
|
Removal of defined benefit pension surplus
|
(4,003)
|
|
|
(3,200)
|
|
Significant
investments1
|
(4,964)
|
|
|
(4,573)
|
|
Deferred tax assets
|
(4,486)
|
|
|
(4,483)
|
|
Common equity tier 1 capital
|
30,743
|
|
|
33,815
|
|
Additional tier 1
|
|
|
|
|
|
Other equity instruments
|
5,458
|
|
|
5,879
|
|
Preference
shares and preferred securities2
|
477
|
|
|
2,149
|
|
Transitional
limit and other adjustments3
|
(477)
|
|
|
(1,598)
|
|
|
5,458
|
|
|
6,430
|
|
less: deductions from tier 1
|
|
|
|
|
|
Significant
investments1
|
(1,100)
|
|
|
(1,100)
|
|
Total tier 1 capital
|
35,101
|
|
|
39,145
|
|
Tier 2
|
|
|
|
|
|
Other
subordinated liabilities2,3
|
10,296
|
|
|
10,959
|
|
Deconsolidation
of instruments issued by insurance entities1
|
(1,513)
|
|
|
(1,753)
|
|
Adjustments
for transitional limits and non-eligible instruments3
|
(664)
|
|
|
735
|
|
Amortisation and other adjustments
|
(1,756)
|
|
|
(1,791)
|
|
|
6,363
|
|
|
8,150
|
|
less: deductions from tier 2
|
|
|
|
|
|
Significant
investments1
|
(962)
|
|
|
(961)
|
|
Total capital resources3
|
40,502
|
|
|
46,334
|
|
|
|
|
|
|
|
Risk-weighted assets
|
209,619
|
|
|
195,967
|
|
|
|
|
|
|
|
Common equity tier 1 capital ratio
|
14.7%
|
|
|
17.3%
|
|
Tier 1 capital ratio
|
16.7%
|
|
|
20.0%
|
|
Total capital ratio
|
19.3%
|
|
|
23.6%
|
|
|
Common
equity
tier 1
£m
|
|
|
Additional
tier 1
£m
|
|
|
Tier 2
£m
|
|
|
Total
capital
£m
|
|
|
|
|
|
|
|
|
|
|
|
|
|
At 31 December 2021
|
33,815
|
|
|
5,330
|
|
|
7,189
|
|
|
46,334
|
|
Banking
business profits1
|
2,837
|
|
|
-
|
|
|
-
|
|
|
2,837
|
|
Movement
in foreseeable dividend accrual2
|
123
|
|
|
-
|
|
|
-
|
|
|
123
|
|
Final dividend paid out on ordinary shares during the
period
|
(930)
|
|
|
-
|
|
|
-
|
|
|
(930)
|
|
Share buyback reflected through retained profits
|
(1,836)
|
|
|
-
|
|
|
-
|
|
|
(1,836)
|
|
Adjustment to reflect full impact of share buyback
|
(164)
|
|
|
-
|
|
|
-
|
|
|
(164)
|
|
Dividend
received from the Insurance business3
|
300
|
|
|
-
|
|
|
-
|
|
|
300
|
|
IFRS 9 transitional adjustment to retained earnings
|
(468)
|
|
|
-
|
|
|
-
|
|
|
(468)
|
|
Pension deficit contributions
|
(996)
|
|
|
-
|
|
|
-
|
|
|
(996)
|
|
Goodwill and other intangible assets
|
(1,498)
|
|
|
-
|
|
|
-
|
|
|
(1,498)
|
|
Significant investments
|
(391)
|
|
|
-
|
|
|
(1)
|
|
|
(392)
|
|
Movement in treasury shares and employee share schemes
|
84
|
|
|
-
|
|
|
-
|
|
|
84
|
|
Movements in other equity, subordinated liabilities, other tier 2
items and related adjustments
|
-
|
|
|
(972)
|
|
|
(1,787)
|
|
|
(2,759)
|
|
Distributions on other equity instruments
|
(214)
|
|
|
-
|
|
|
-
|
|
|
(214)
|
|
Other movements
|
81
|
|
|
-
|
|
|
-
|
|
|
81
|
|
At 30 June 2022
|
30,743
|
|
|
4,358
|
|
|
5,401
|
|
|
40,502
|
|
|
At 30 Jun
2022
£m
|
|
|
At 31
Dec 2021
£m
|
|
|
|
|
|
|
|
Total capital resources
|
40,502
|
|
|
46,334
|
|
Ineligible
AT1 and tier 2 instruments1
|
(433)
|
|
|
(163)
|
|
Amortised portion of eligible tier 2 instruments issued by Lloyds
Banking Group plc
|
1,054
|
|
|
713
|
|
Other
eligible liabilities issued by Lloyds Banking Group plc2
|
26,769
|
|
|
26,070
|
|
Total MREL resources
|
67,892
|
|
|
72,954
|
|
|
|
|
|
|
|
Risk-weighted assets
|
209,619
|
|
|
195,967
|
|
|
|
|
|
|
|
MREL ratio
|
32.4%
|
|
|
37.2%
|
|
|
|
|
|
|
|
Leverage exposure measure
|
656,459
|
|
|
664,362
|
|
|
|
|
|
|
|
MREL leverage ratio
|
10.3%
|
|
|
11.0%
|
|
|
At 30 Jun
2022
£m
|
|
|
At 31
Dec 2021
£m
|
|
|
|
|
|
|
|
Foundation Internal Ratings Based (IRB) Approach
|
47,064
|
|
|
47,255
|
|
Retail IRB Approach
|
80,363
|
|
|
65,450
|
|
Other
IRB Approach1
|
18,907
|
|
|
22,572
|
|
IRB Approach
|
146,335
|
|
|
135,277
|
|
Standardised
(STA) Approach1
|
23,357
|
|
|
21,628
|
|
Credit risk
|
169,691
|
|
|
156,905
|
|
Securitisation1
|
5,982
|
|
|
5,945
|
|
Counterparty credit risk
|
6,419
|
|
|
4,904
|
|
Contributions to the default funds of central
counterparties
|
183
|
|
|
357
|
|
Credit valuation adjustment risk
|
893
|
|
|
678
|
|
Operational risk
|
23,973
|
|
|
24,025
|
|
Market risk
|
2,478
|
|
|
3,153
|
|
Risk-weighted assets
|
209,619
|
|
|
195,967
|
|
Of
which threshold risk-weighted assets2
|
11,528
|
|
|
12,359
|
|
|
At 30 Jun
2022
£m
|
|
|
At 31
Dec 2021
£m
|
|
|
|
|
|
|
|
Total tier 1 capital (fully loaded)
|
35,101
|
|
|
38,594
|
|
|
|
|
|
|
|
Exposure measure
|
|
|
|
|
|
Statutory balance sheet assets
|
|
|
|
|
|
Derivative financial instruments
|
29,734
|
|
|
22,051
|
|
Securities financing transactions
|
68,911
|
|
|
69,673
|
|
Loans and advances and other assets
|
791,763
|
|
|
794,801
|
|
Total assets
|
890,408
|
|
|
886,525
|
|
|
|
|
|
|
|
Qualifying central bank claims
|
(85,412)
|
|
|
(72,741)
|
|
|
|
|
|
|
|
Deconsolidation adjustments1
|
|
|
|
|
|
Derivative financial instruments
|
293
|
|
|
(166)
|
|
Loans and advances and other assets
|
(167,633)
|
|
|
(186,965)
|
|
Total deconsolidation adjustments
|
(167,340)
|
|
|
(187,131)
|
|
|
|
|
|
|
|
Derivatives adjustments
|
(6,269)
|
|
|
(3,506)
|
|
Securities financing transactions adjustments
|
2,696
|
|
|
1,946
|
|
Off-balance sheet items
|
44,033
|
|
|
57,496
|
|
Amounts
already deducted from Tier 1 capital
|
(13,086)
|
|
|
(10,324)
|
|
Other
regulatory adjustments2
|
(8,571)
|
|
|
(7,903)
|
|
Total exposure measure
|
656,459
|
|
|
664,362
|
|
Average exposure measure3
|
658,433
|
|
|
|
|
|
|
|
|
|
|
UK leverage ratio
|
5.3%
|
|
|
5.8%
|
|
Average UK leverage ratio3
|
5.3%
|
|
|
|
|
|
|
|
|
|
|
Leverage exposure measure (including central bank
claims)
|
741,871
|
|
|
737,103
|
|
Leverage ratio (including central bank claims)
|
4.7%
|
|
|
5.2%
|
|
|
IFRS 9 full impact
|
||||
|
At 30 Jun 2022
|
|
|
At 31 Dec 2021
|
|
|
|
|
|
|
|
Common equity tier 1 (£m)
|
30,478
|
|
|
33,033
|
|
Transitional tier 1 (£m)
|
34,835
|
|
|
38,363
|
|
Transitional total capital (£m)
|
40,402
|
|
|
46,336
|
|
Total risk-weighted assets (£m)
|
209,451
|
|
|
195,874
|
|
Common equity tier 1 ratio (%)
|
14.6%
|
|
|
16.9%
|
|
Transitional tier 1 ratio (%)
|
16.6%
|
|
|
19.6%
|
|
Transitional total capital ratio (%)
|
19.3%
|
|
|
23.7%
|
|
UK leverage ratio exposure measure (£m)
|
656,193
|
|
|
663,580
|
|
UK leverage ratio (%)
|
5.3%
|
|
|
5.7%
|
|