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FINANCIAL RISK MANAGEMENT - Schedule of Maturities of Assets and Liabilities (Details) - GBP (£)
£ in Millions
Dec. 31, 2021
Dec. 31, 2020
Dec. 31, 2019
Assets      
Cash and balances at central banks £ 76,420 £ 73,257 £ 55,130
Financial assets at fair value through profit or loss [1] 206,771 191,169  
Derivative financial instruments 22,051 29,613  
Loans and advances to banks and reverse repurchase agreements 10,533 10,746 9,775
Loans and advances to customers and reverse repurchase agreements 499,788 498,843  
Debt securities 6,835 5,405  
Financial assets at amortised cost 517,156 514,994  
Financial assets at fair value through other comprehensive income 28,137 27,603  
Other assets [1] 15,449 16,846  
Total assets 886,525 871,269  
Liabilities      
Deposits from banks and repurchase agreements 37,732 31,465  
Customer deposits and repurchase agreements 477,384 460,068  
Financial liabilities at fair value through profit or loss 23,123 22,646  
Derivative financial instruments 18,060 27,313  
Debt securities in issue 71,552 87,397  
Other liabilities 19,947 20,347  
Subordinated liabilities 13,108 14,261 £ 17,130
Total liabilities 833,373 821,856  
Balance sheet maturity - legal basis      
Assets      
Cash and balances at central banks 76,420 73,257  
Financial assets at fair value through profit or loss 206,771 191,169  
Derivative financial instruments 22,051 29,613  
Loans and advances to banks and reverse repurchase agreements 10,533 10,746  
Loans and advances to customers and reverse repurchase agreements 499,788 498,843  
Debt securities 6,835 5,405  
Financial assets at amortised cost 517,156 514,994  
Financial assets at fair value through other comprehensive income 28,137 27,603  
Other assets 35,990 34,633  
Total assets 886,525 871,269  
Liabilities      
Deposits from banks and repurchase agreements 37,732 31,465  
Customer deposits and repurchase agreements 477,384 460,068  
Financial liabilities at fair value through profit or loss 23,123 22,646  
Derivative financial instruments 18,060 27,313  
Debt securities in issue 71,552 87,397  
Liabilities arising from insurance and investment contracts 168,463 154,512  
Other liabilities 23,951 24,194  
Subordinated liabilities 13,108 14,261  
Total liabilities 833,373 821,856  
Up to 1 month | Balance sheet maturity - legal basis      
Assets      
Cash and balances at central banks 76,420 73,256  
Financial assets at fair value through profit or loss 10,706 8,085  
Derivative financial instruments 1,607 1,332  
Loans and advances to banks and reverse repurchase agreements 4,922 5,372  
Loans and advances to customers and reverse repurchase agreements 28,385 27,200  
Debt securities 19 118  
Financial assets at amortised cost 33,326 32,690  
Financial assets at fair value through other comprehensive income 341 51  
Other assets 1,509 1,810  
Total assets 123,909 117,224  
Liabilities      
Deposits from banks and repurchase agreements 2,369 8,590  
Customer deposits and repurchase agreements 457,032 431,235  
Financial liabilities at fair value through profit or loss 5,711 3,618  
Derivative financial instruments 1,674 1,481  
Debt securities in issue 4,020 6,565  
Liabilities arising from insurance and investment contracts 1,532 1,321  
Other liabilities 3,721 5,644  
Subordinated liabilities 21 0  
Total liabilities 476,080 458,454  
1-3 months | Balance sheet maturity - legal basis      
Assets      
Cash and balances at central banks 0 1  
Financial assets at fair value through profit or loss 8,280 8,168  
Derivative financial instruments 804 1,028  
Loans and advances to banks and reverse repurchase agreements 541 1,391  
Loans and advances to customers and reverse repurchase agreements 23,526 23,432  
Debt securities 1,217 18  
Financial assets at amortised cost 25,284 24,841  
Financial assets at fair value through other comprehensive income 598 272  
Other assets 1,200 901  
Total assets 36,166 35,211  
Liabilities      
Deposits from banks and repurchase agreements 386 2,500  
Customer deposits and repurchase agreements 6,259 13,354  
Financial liabilities at fair value through profit or loss 4,921 6,809  
Derivative financial instruments 826 1,373  
Debt securities in issue 5,555 6,489  
Liabilities arising from insurance and investment contracts 2,076 1,763  
Other liabilities 2,876 1,821  
Subordinated liabilities 0 0  
Total liabilities 22,899 34,109  
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 6,093 7,446  
Derivative financial instruments 633 1,092  
Loans and advances to banks and reverse repurchase agreements 663 1,170  
Loans and advances to customers and reverse repurchase agreements 26,107 27,322  
Debt securities 19 0  
Financial assets at amortised cost 26,789 28,492  
Financial assets at fair value through other comprehensive income 122 569  
Other assets 185 433  
Total assets 33,822 38,032  
Liabilities      
Deposits from banks and repurchase agreements 363 384  
Customer deposits and repurchase agreements 3,165 3,368  
Financial liabilities at fair value through profit or loss 2,439 3,755  
Derivative financial instruments 470 911  
Debt securities in issue 5,476 6,881  
Liabilities arising from insurance and investment contracts 2,921 2,573  
Other liabilities 631 453  
Subordinated liabilities 96 587  
Total liabilities 15,561 18,912  
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 2,840 1,428  
Derivative financial instruments 304 504  
Loans and advances to banks and reverse repurchase agreements 383 217  
Loans and advances to customers and reverse repurchase agreements 15,684 16,092  
Debt securities 71 0  
Financial assets at amortised cost 16,138 16,309  
Financial assets at fair value through other comprehensive income 322 349  
Other assets 528 153  
Total assets 20,132 18,743  
Liabilities      
Deposits from banks and repurchase agreements 177 104  
Customer deposits and repurchase agreements 2,056 2,328  
Financial liabilities at fair value through profit or loss 1,969 944  
Derivative financial instruments 341 585  
Debt securities in issue 6,320 4,655  
Liabilities arising from insurance and investment contracts 2,894 2,542  
Other liabilities 1,024 439  
Subordinated liabilities 0 0  
Total liabilities 14,781 11,597  
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 878 1,132  
Derivative financial instruments 309 374  
Loans and advances to banks and reverse repurchase agreements 395 50  
Loans and advances to customers and reverse repurchase agreements 13,270 12,088  
Debt securities 305 0  
Financial assets at amortised cost 13,970 12,138  
Financial assets at fair value through other comprehensive income 1,552 255  
Other assets 147 418  
Total assets 16,856 14,317  
Liabilities      
Deposits from banks and repurchase agreements 223 0  
Customer deposits and repurchase agreements 1,296 1,825  
Financial liabilities at fair value through profit or loss 224 13  
Derivative financial instruments 352 311  
Debt securities in issue 4,129 3,435  
Liabilities arising from insurance and investment contracts 3,312 3,159  
Other liabilities 778 728  
Subordinated liabilities 0 0  
Total liabilities 10,314 9,471  
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 1,784 2,420  
Derivative financial instruments 947 1,068  
Loans and advances to banks and reverse repurchase agreements 791 0  
Loans and advances to customers and reverse repurchase agreements 32,096 30,342  
Debt securities 220 1,651  
Financial assets at amortised cost 33,107 31,993  
Financial assets at fair value through other comprehensive income 3,029 3,423  
Other assets 515 653  
Total assets 39,382 39,557  
Liabilities      
Deposits from banks and repurchase agreements 353 278  
Customer deposits and repurchase agreements 4,883 3,909  
Financial liabilities at fair value through profit or loss 212 365  
Derivative financial instruments 1,105 1,363  
Debt securities in issue 10,152 12,001  
Liabilities arising from insurance and investment contracts 10,606 9,488  
Other liabilities 567 648  
Subordinated liabilities 1,307 1,528  
Total liabilities 29,185 29,580  
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 7,553 5,193  
Derivative financial instruments 1,997 3,021  
Loans and advances to banks and reverse repurchase agreements 2,836 2,544  
Loans and advances to customers and reverse repurchase agreements 77,714 73,562  
Debt securities 2,735 1,089  
Financial assets at amortised cost 83,285 77,195  
Financial assets at fair value through other comprehensive income 8,861 11,289  
Other assets 948 1,010  
Total assets 102,644 97,708  
Liabilities      
Deposits from banks and repurchase agreements 33,784 19,362  
Customer deposits and repurchase agreements 2,326 3,341  
Financial liabilities at fair value through profit or loss 1,748 1,648  
Derivative financial instruments 1,962 2,893  
Debt securities in issue 22,496 29,867  
Liabilities arising from insurance and investment contracts 30,663 27,132  
Other liabilities 743 845  
Subordinated liabilities 6,464 4,929  
Total liabilities 100,186 90,017  
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 168,637 157,297  
Derivative financial instruments 15,450 21,194  
Loans and advances to banks and reverse repurchase agreements 2 2  
Loans and advances to customers and reverse repurchase agreements 283,006 288,805  
Debt securities 2,249 2,529  
Financial assets at amortised cost 285,257 291,336  
Financial assets at fair value through other comprehensive income 13,312 11,395  
Other assets 30,958 29,255  
Total assets 513,614 510,477  
Liabilities      
Deposits from banks and repurchase agreements 77 247  
Customer deposits and repurchase agreements 367 708  
Financial liabilities at fair value through profit or loss 5,899 5,494  
Derivative financial instruments 11,330 18,396  
Debt securities in issue 13,404 17,504  
Liabilities arising from insurance and investment contracts 114,459 106,534  
Other liabilities 13,611 13,616  
Subordinated liabilities 5,220 7,217  
Total liabilities £ 164,367 £ 169,716  
[1] See note 1 regarding changes to presentation.