Net interest income

12 Months Ended

Dec. 31, 2024

Disclosure of interest income (expense) [Abstract]

Net interest income

Note 5: Net interest income

	2024 £m	2023 £m	2022 £m
Interest income:
Loans and advances to banks	3,508	4,172	1,208
Loans and advances to customers	23,242	20,419	14,465
Reverse repurchase agreements	2,685	2,044	857
Debt securities	779	559	168
Financial assets held at amortised cost	30,214	27,194	16,698
Financial assets at fair value through other comprehensive income	1,074	857	947
Total interest income1	31,288	28,051	17,645
Interest expense:
Deposits from banks	(225)	(213)	(148)
Customer deposits	(10,132)	(7,148)	(1,387)
Repurchase agreements at amortised cost	(2,392)	(2,397)	(842)
Debt securities in issue at amortised cost2	(5,493)	(4,253)	(1,636)
Lease liabilities	(31)	(30)	(29)
Subordinated liabilities	(738)	(712)	(681)
Total interest expense	(19,011)	(14,753)	(4,723)
Net interest income	12,277	13,298	12,922

1Includes £1,104 million (2023: £923 million; 2022: £724 million) in respect of finance lease receivables.

2The impact of the Group’s hedging arrangements is included on this line.

Net interest income includes a debit of £2,597 million (2023: debit of £1,838 million; 2022: debit of £43 million) transferred from the cash

flow hedging reserve (see note 33).