SUBORDINATED LIABILITIES (Tables)

12 Months Ended

Dec. 31, 2019

SUBORDINATED LIABILITIES (Tables) [Line Items]

Disclosure of movement in subordinated liabilities [text block]

The movement in subordinated liabilities during the year was as follows:

	Preference shares £m			Preferred securities £m			Undated subordinated liabilities £m			Dated subordinated liabilities £m			Total £m
At 1 January 2018		813			3,690			565			12,854			17,922
Issued during the year		–			–			–			1,729			1,729
Repurchases and redemptions during the year1		–			(614	)		–			(1,642	)		(2,256	)
Foreign exchange movements		18			131			20			377			546
Other movements (all non-cash)		(28	)		(2	)		3			(258	)		(285	)
At 31 December 2018		803			3,205			588			13,060			17,656
Repurchases and redemptions during the year1		(3	)		(49	)		(53	)		(713	)		(818	)
Foreign exchange movements		(12	)		(83	)		(36	)		(402	)		(533	)
Other movements (all non-cash)		114			152			18			541			825
At 31 December 2019		902			3,225			517			12,486			17,130

1 The repurchases and redemptions resulted in cash outflows of £818 million (2018: £2,256 million).

Disclosure of repurchase and reverse repurchase agreements [text block]

Preference shares	£m
6.3673% Non-cumulative Fixed to Floating Rate Preference Shares callable 2019	3

Preferred securities	£m
13% Step-up Perpetual Capital Securities callable 2019	49

Undated subordinated liabilities	£m
6.5% Undated Subordinated Step-up Notes callable 2019	1
7.375% Undated Subordinated Guaranteed Bonds	52
	53

Dated subordinated liabilities	£m
10.375% Subordinated Fixed to Fixed Rate Notes 2024 callable 2019	135
9.375% Subordinated Bonds 2021	328
6.375% Subordinated Instruments 2019	250
	713

Preferred securities	£m
6.461% Guaranteed Non-voting Non-cumulative Perpetual Preferred Securities	600
Undated Perpetual Preferred Securities	14
	614

Dated subordinated liabilities	£m
10.5% Subordinated Bonds callable 2018	150
6.75% Subordinated Fixed Rate Notes callable 2018	1,492
	1,642

Dated subordinated liabilities [Member]

SUBORDINATED LIABILITIES (Tables) [Line Items]

Disclosure of movement in subordinated liabilities [text block]

Dated subordinated liabilities	£m
1.75% Subordinated Fixed Rate Notes 2028 callable 2023		664
4.344% Subordinated Fixed Rate Notes callable 2048		1,065
		1,729