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FINANCIAL RISK MANAGEMENT (Details) - Schedule of Maturities of Assets and Liabilities - GBP (£)
£ in Millions
Dec. 31, 2020
Dec. 31, 2019
Dec. 31, 2018
Assets      
Cash and balances at central banks £ 73,257 £ 55,130 £ 54,663
Financial assets at fair value through profit or loss 171,626 160,189  
Derivative financial instruments 29,613 26,369  
Loans and advances to banks 10,746 9,775 6,283
Loans and advances to customers 498,843 494,988  
Debt securities held at amortised cost 5,405 5,544  
Financial assets at fair value through other comprehensive income 27,603 25,092  
Other assets 4,250 4,474  
Total assets 871,269 833,893  
Liabilities      
Deposits from banks 31,465 28,179  
Customer deposits 460,068 421,320  
Derivative financial instruments and financial liabilities at fair value through profit or loss 22,646 21,486  
Debt securities in issue 87,397 97,689  
Liabilities arising from insurance and investment contracts 116,060 111,449  
Other liabilities 20,347 20,333  
Subordinated liabilities 14,261 17,130 £ 17,656
Total liabilities 821,856 786,087  
Balance sheet maturity - legal basis      
Assets      
Cash and balances at central banks 73,257 55,130  
Financial assets at fair value through profit or loss 171,626 160,189  
Derivative financial instruments 29,613 26,369  
Loans and advances to banks 10,746 9,775  
Loans and advances to customers 498,843 494,988  
Debt securities held at amortised cost 5,405 5,544  
Financial assets at fair value through other comprehensive income 27,603 25,092  
Other assets 54,176 56,806  
Total assets 871,269 833,893  
Liabilities      
Deposits from banks 31,465 28,179  
Customer deposits 460,068 421,320  
Derivative financial instruments and financial liabilities at fair value through profit or loss 49,959 47,265  
Debt securities in issue 87,397 97,689  
Liabilities arising from insurance and investment contracts 154,512 148,908  
Other liabilities 24,194 25,596  
Subordinated liabilities 14,261 17,130  
Total liabilities 821,856 786,087  
Up to 1 month      
Liabilities      
Liabilities arising from insurance and investment contracts 1,476 1,340  
Up to 1 month | Balance sheet maturity - legal basis      
Assets      
Cash and balances at central banks 73,256 55,128  
Financial assets at fair value through profit or loss 8,085 7,195  
Derivative financial instruments 1,332 583  
Loans and advances to banks 5,372 4,953  
Loans and advances to customers 27,200 35,973  
Debt securities held at amortised cost 118 131  
Financial assets at fair value through other comprehensive income 51 111  
Other assets 1,810 2,224  
Total assets 117,224 106,298  
Liabilities      
Deposits from banks 8,590 4,530  
Customer deposits 431,235 382,885  
Derivative financial instruments and financial liabilities at fair value through profit or loss 5,099 5,182  
Debt securities in issue 6,565 4,070  
Liabilities arising from insurance and investment contracts 1,321 1,213  
Other liabilities 5,644 4,541  
Subordinated liabilities 0 0  
Total liabilities 458,454 402,421  
1-3 months      
Liabilities      
Liabilities arising from insurance and investment contracts 1,323 1,240  
1-3 months | Balance sheet maturity - legal basis      
Assets      
Cash and balances at central banks 1 2  
Financial assets at fair value through profit or loss 8,168 3,689  
Derivative financial instruments 1,028 739  
Loans and advances to banks 1,391 1,017  
Loans and advances to customers 23,432 26,036  
Debt securities held at amortised cost 18 19  
Financial assets at fair value through other comprehensive income 272 179  
Other assets 901 1,155  
Total assets 35,211 32,836  
Liabilities      
Deposits from banks 2,500 2,715  
Customer deposits 13,354 12,945  
Derivative financial instruments and financial liabilities at fair value through profit or loss 8,182 6,101  
Debt securities in issue 6,489 9,159  
Liabilities arising from insurance and investment contracts 1,763 1,658  
Other liabilities 1,821 1,914  
Subordinated liabilities 0 1,339  
Total liabilities 34,109 35,831  
3-6 months | Balance sheet maturity - legal basis      
Assets      
Cash and balances at central banks 0 0  
Financial assets at fair value through profit or loss 7,446 3,016  
Derivative financial instruments 1,092 627  
Loans and advances to banks 1,170 265  
Loans and advances to customers 27,322 23,283  
Debt securities held at amortised cost 0 0  
Financial assets at fair value through other comprehensive income 569 729  
Other assets 433 533  
Total assets 38,032 28,453  
Liabilities      
Deposits from banks 384 267  
Customer deposits 3,368 6,716  
Derivative financial instruments and financial liabilities at fair value through profit or loss 4,666 2,579  
Debt securities in issue 6,881 7,135  
Liabilities arising from insurance and investment contracts 2,573 2,370  
Other liabilities 453 772  
Subordinated liabilities 587 96  
Total liabilities 18,912 19,935  
6-9 months | Balance sheet maturity - legal basis      
Assets      
Cash and balances at central banks 0 0  
Financial assets at fair value through profit or loss 1,428 1,710  
Derivative financial instruments 504 404  
Loans and advances to banks 217 124  
Loans and advances to customers 16,092 12,626  
Debt securities held at amortised cost 0 0  
Financial assets at fair value through other comprehensive income 349 102  
Other assets 153 160  
Total assets 18,743 15,126  
Liabilities      
Deposits from banks 104 85  
Customer deposits 2,328 4,377  
Derivative financial instruments and financial liabilities at fair value through profit or loss 1,529 784  
Debt securities in issue 4,655 7,418  
Liabilities arising from insurance and investment contracts 2,542 2,348  
Other liabilities 439 893  
Subordinated liabilities 0 1,137  
Total liabilities 11,597 17,042  
9-12 months | Balance sheet maturity - legal basis      
Assets      
Cash and balances at central banks 0 0  
Financial assets at fair value through profit or loss 1,132 451  
Derivative financial instruments 374 336  
Loans and advances to banks 50 91  
Loans and advances to customers 12,088 11,425  
Debt securities held at amortised cost 0 0  
Financial assets at fair value through other comprehensive income 255 234  
Other assets 418 520  
Total assets 14,317 13,057  
Liabilities      
Deposits from banks 0 55  
Customer deposits 1,825 3,207  
Derivative financial instruments and financial liabilities at fair value through profit or loss 324 528  
Debt securities in issue 3,435 1,963  
Liabilities arising from insurance and investment contracts 3,159 2,882  
Other liabilities 728 1,682  
Subordinated liabilities 0 108  
Total liabilities 9,471 10,425  
1-2 years | Balance sheet maturity - legal basis      
Assets      
Cash and balances at central banks 0 0  
Financial assets at fair value through profit or loss 2,420 2,801  
Derivative financial instruments 1,068 1,294  
Loans and advances to banks 0 26  
Loans and advances to customers 30,342 29,917  
Debt securities held at amortised cost 1,651 74  
Financial assets at fair value through other comprehensive income 3,423 2,929  
Other assets 653 568  
Total assets 39,557 37,609  
Liabilities      
Deposits from banks 278 15,686  
Customer deposits 3,909 6,742  
Derivative financial instruments and financial liabilities at fair value through profit or loss 1,728 1,644  
Debt securities in issue 12,001 13,618  
Liabilities arising from insurance and investment contracts 9,488 9,028  
Other liabilities 648 898  
Subordinated liabilities 1,528 575  
Total liabilities 29,580 48,191  
2-5 years | Balance sheet maturity - legal basis      
Assets      
Cash and balances at central banks 0 0  
Financial assets at fair value through profit or loss 5,193 5,385  
Derivative financial instruments 3,021 2,763  
Loans and advances to banks 2,544 0  
Loans and advances to customers 73,562 74,416  
Debt securities held at amortised cost 1,089 3,085  
Financial assets at fair value through other comprehensive income 11,289 12,809  
Other assets 1,010 1,218  
Total assets 97,708 99,676  
Liabilities      
Deposits from banks 19,362 433  
Customer deposits 3,341 1,752  
Derivative financial instruments and financial liabilities at fair value through profit or loss 4,541 5,238  
Debt securities in issue 29,867 30,897  
Liabilities arising from insurance and investment contracts 27,132 24,870  
Other liabilities 845 906  
Subordinated liabilities 4,929 4,105  
Total liabilities 90,017 68,201  
Over 5 years      
Liabilities      
Liabilities arising from insurance and investment contracts 79,914 78,142  
Over 5 years | Balance sheet maturity - legal basis      
Assets      
Cash and balances at central banks 0 0  
Financial assets at fair value through profit or loss 137,754 135,942  
Derivative financial instruments 21,194 19,623  
Loans and advances to banks 2 3,299  
Loans and advances to customers 288,805 281,312  
Debt securities held at amortised cost 2,529 2,235  
Financial assets at fair value through other comprehensive income 11,395 7,999  
Other assets 48,798 50,428  
Total assets 510,477 500,838  
Liabilities      
Deposits from banks 247 4,408  
Customer deposits 708 2,696  
Derivative financial instruments and financial liabilities at fair value through profit or loss 23,890 25,209  
Debt securities in issue 17,504 23,429  
Liabilities arising from insurance and investment contracts 106,534 104,539  
Other liabilities 13,616 13,990  
Subordinated liabilities 7,217 9,770  
Total liabilities £ 169,716 £ 184,041