SECURITISATIONS AND COVERED BONDS (Tables)

12 Months Ended

Dec. 31, 2019

Disclosure Of Securitisations Programmes And Transactions [Abstract]

Information about Securitisation programmes and transactions

The Group’s principal securitisation and covered bond programmes, together with the balances of the advances subject to these arrangements and the carrying value of the notes in issue at 31 December, are listed below. The notes in issue are reported in note 30.

	2019					2018
	Loans and advances securitised		Notes in issue			Loans and advances securitised		Notes in issue
	£m		£m			£m		£m
Securitisation programmes
UK residential mortgages		25,815		23,505			25,018		22,485
Commercial loans		5,116		6,037			5,746		6,577
Credit card receivables		8,164		5,767			8,060		5,263
Motor vehicle finance		3,450		3,462			2,850		2,855
		42,545		38,771			41,674		37,180
Less held by the Group				(31,436	)				(31,701	)
Total securitisation programmes (notes 29 and 30)1				7,335					5,479
Covered bond programmes
Residential mortgage-backed		37,579		29,321			34,963		27,694
Social housing loan-backed		1,552		600			1,839		1,200
		39,131		29,921			36,802		28,894
Less held by the Group				(100	)				(700	)
Total covered bond programmes (note 30)				29,821					28,194
Total securitisation and covered bond programmes				37,156					33,673

1 Includes £47 million (2018: £53 million) of securitisation notes held at fair value through profit or loss.