XML 80 R61.htm IDEA: XBRL DOCUMENT v3.22.4
Other disclosures - Risk Management and Principal Risks Other disclosures - Risk Management and Principal Risks (audited) (Tables)
 12 Months Ended
Dec. 31, 2022
Disclosure of credit risk exposure [abstract]  
Maximum exposure and effects of collateral and other credit enhancements (audited)
Maximum exposure and effect of netting, collateral and risk transfer (audited)
Maximum exposureNetting and set-offCash collateralNon-cash collateralRisk transferNet exposure
Barclays Bank Group
As at 31 December 2022£m£m£m£m£m£m
On-balance sheet:
Cash and balances at central banks202,142 — — — — 202,142 
Cash collateral and settlement balances107,862 — — — — 107,862 
Loans and advances at amortised cost:
Home loans11,405 — (328)(10,948)(98)31 
Credit cards, unsecured loans and other retail lending34,162 — (1,164)(3,748)(243)29,007 
Wholesale loans136,940 (4,442)(653)(49,681)(5,527)76,637 
Total loans and advances at amortised cost182,507 (4,442)(2,145)(64,377)(5,868)105,675 
Of which credit-impaired (Stage 3):
Home loans622 — (1)(621)— — 
Credit cards, unsecured loans and other retail lending670 — (29)(291)(3)347 
Wholesale loans640 — (6)(188)(60)386 
Total credit-impaired loans and advances at amortised cost1,932 — (36)(1,100)(63)733 
Reverse repurchase agreements and other similar secured lending725 — — (725)— — 
Trading portfolio assets:
Debt securities55,430 — — (530)— 54,900 
Traded loans13,198 — — (250)(48)12,900 
Total trading portfolio assets68,628 — — (780)(48)67,800 
Financial assets at fair value through the income statement:
Loans and advances38,190 — (17)(30,061)(9)8,103 
Debt securities3,217 — — (321)— 2,896 
Reverse repurchase agreements164,698 — (3,672)(160,365)— 661 
Other financial assets89 — — — — 89 
Total financial assets at fair value through the income statement206,194 — (3,689)(190,747)(9)11,749 
Derivative financial instruments302,976 (238,062)(34,496)(11,424)(7,275)11,719 
Financial assets at fair value through other comprehensive income45,083 — — (222)(514)44,347 
Other assets1,503 — — — — 1,503 
Total on-balance sheet1,117,620 (242,504)(40,330)(268,275)(13,714)552,797 
Off-balance sheet:
Contingent liabilities25,800 — (1,295)(1,596)(280)22,629 
Loan commitments334,977 — (93)(37,371)(1,624)295,889 
Total off-balance sheet360,777 — (1,388)(38,967)(1,904)318,518 
Total1,478,397 (242,504)(41,718)(307,242)(15,618)871,315 
Off-balance sheet exposures are shown gross of provisions of £532m (2021: £499m). See Note 24 for further details. In addition to the above, Barclays Bank Group holds forward starting reverse repos amounting to £48.4bn (2021: £39.3bn). The balances are fully collateralised. Wholesale loans and advances at amortised cost include £0.6bn (2021: £1.0bn) of CBILs and CLBILs supported by UK government guarantees of £0.5bn (2021: £0.8bn). For further information on credit risk mitigation techniques, refer to the Credit risk management section.
Maximum exposure and effects of netting, collateral and risk transfer (audited)
Maximum exposureNetting and set-offCash collateralNon-cash collateralRisk transferNet exposure
Barclays Bank Group
As at 31 December 2021£m£m£m£m£m£m
On-balance sheet:
Cash and balances at central banks169,085 — — — — 169,085 
Cash collateral and settlement balances88,085 — — — — 88,085 
Loans and advances at amortised cost:
Home loans10,985 — (338)(10,483)(89)75 
Credit cards, unsecured loans and other retail lending25,960 — (968)(4,229)(252)20,511 
Wholesale loans108,314 (5,001)(118)(30,287)(5,080)67,828 
Total loans and advances at amortised cost145,259 (5,001)(1,424)(44,999)(5,421)88,414 
Of which credit-impaired (Stage 3):
Home loans615 — (11)(604)— — 
Credit cards, unsecured loans and other retail lending563 — (29)(217)(3)314 
Wholesale loans486 — 0 (76)(22)388 
Total credit-impaired loans and advances at amortised cost1,664 — (40)(897)(25)702 
Reverse repurchase agreements and other similar secured lending3,177 — — (3,177)— — 
Trading portfolio assets:
Debt securities50,700 — — (461)— 50,239 
Traded loans12,525 — — (268)— 12,257 
Total trading portfolio assets63,225 — — (729)— 62,496 
Financial assets at fair value through the income statement:
Loans and advances35,901 — — (29,485)— 6,416 
Debt securities2,256 — — (319)— 1,937 
Reverse repurchase agreements145,186 — (1,428)(143,229)— 529 
Other financial assets85 — — — — 85 
Total financial assets at fair value through the income statement183,428 — (1,428)(173,033)— 8,967 
Derivative financial instruments262,291 (202,347)(34,149)(5,804)(5,738)14,253 
Financial assets at fair value through other comprehensive income45,907 — — (53)(931)44,923 
Other assets994 — — — — 994 
Total on-balance sheet961,451 (207,348)(37,001)(227,795)(12,090)477,217 
Off-balance sheet:
Contingent liabilities23,746 — (906)(1,367)(256)21,217 
Loan commitments284,451 — (99)(40,104)(1,627)242,621 
Total off-balance sheet308,197 — (1,005)(41,471)(1,883)263,838 
Total1,269,648 (207,348)(38,006)(269,266)(13,973)741,055 
Loans and advances at amortised cost by product (audited)
The table below presents a breakdown of loans and advances at amortised cost and the impairment allowance with stage allocation by asset classification.
Impairment allowance under IFRS 9 considers both the drawn and the undrawn counterparty exposure. For retail portfolios, the total impairment allowance is allocated to the gross loans and advances to the extent that the allowance does not exceed the drawn exposure and any excess is reported on the liability side of the balance sheet as a provision. For wholesale portfolios the impairment allowance on the undrawn exposure is reported on the liability side of the balance sheet as a provision.
Barclays Bank Group (audited)Stage 2
As at 31 December 2022Stage 1Not past due<=30 days past due>30 days past dueTotalStage 3
Totala
Gross exposure£m£m£m£m£m£m£m
Home loans10,458 310 11 41 362 978 11,798 
Credit cards, unsecured loans and other retail lending30,501 3,799 291 496 4,586 1,674 36,761 
Wholesale loans122,849 13,763 145 93 14,001 918 137,768 
Total163,808 17,872 447 630 18,949 3,570 186,327 
Impairment allowance
Home loans12 22 2 1 25 356 393 
Credit cards, unsecured loans and other retail lending393 939 92 171 1,202 1,004 2,599 
Wholesale loans288 256 5 1 262 278 828 
Total693 1,217 99 173 1,489 1,638 3,820 
Net exposure
Home loans10,446 288 9 40 337 622 11,405 
Credit cards, unsecured loans and other retail lending30,108 2,860 199 325 3,384 670 34,162 
Wholesale loans122,561 13,507 140 92 13,739 640 136,940 
Total163,115 16,655 348 457 17,460 1,932 182,507 
Coverage ratio%%%%%%%
Home loans0.1 7.1 18.2 2.4 6.9 36.4 3.3 
Credit cards, unsecured loans and other retail lending1.3 24.7 31.6 34.5 26.2 60.0 7.1 
Wholesale loans0.2 1.9 3.4 1.1 1.9 30.3 0.6 
Total0.4 6.8 22.1 27.5 7.9 45.9 2.1 
As at 31 December 2021
Gross exposure£m£m£m£m£m£m£m
Home loans9,760 548 22 83 653 958 11,371 
Credit cards, unsecured loans and other retail lending24,011 2,402 198 182 2,782 1,469 28,262 
Wholesale loans95,242 12,275 301 386 12,962 921 109,125 
Total129,013 15,225 521 651 16,397 3,348 148,758 
Impairment allowance
Home loans8 33 1 1 35 343 386 
Credit cards, unsecured loans and other retail lending605 677 39 75 791 906 2,302 
Wholesale loans183 188 3 2 193 435 811 
Total796 898 43 78 1,019 1,684 3,499 
Net exposure
Home loans9,752 515 21 82 618 615 10,985 
Credit cards, unsecured loans and other retail lending23,406 1,725 159 107 1,991 563 25,960 
Wholesale loans95,059 12,087 298 384 12,769 486 108,314 
Total128,217 14,327 478 573 15,378 1,664 145,259 
Coverage ratio%%%%%%%
Home loans0.1 6.0 4.5 1.2 5.4 35.8 3.4 
Credit cards, unsecured loans and other retail lending2.5 28.2 19.7 41.2 28.4 61.7 8.1 
Wholesale loans0.2 1.5 1.0 0.5 1.5 47.2 0.7 
Total0.6 5.9 8.3 12.0 6.2 50.3 2.4 
Note
a.Other financial assets subject to impairment excluded in the table above include cash collateral and settlement balances, financial assets at fair value through other comprehensive income, accrued income and sundry debtors. These have a total gross exposure of £155.1bn (2021: £135.5bn) and impairment allowance of £152m (2021: £104m). This comprises £7m (2021: £4m) ECL on £153.8bn (2021: £135.3bn) Stage 1 assets, £8m (2021: £0m) on £1,142m (2021: £65m) Stage 2 fair value through other comprehensive income assets, cash collateral and settlement assets and £137m (2021: £100m) on £141m (2021: £100m) Stage 3 other assets. Loan commitments and financial guarantee contracts have total ECL of £532m (2021: £499m).
Movement in gross exposures and impairment allowance (audited)
The following tables present a reconciliation of the opening to the closing balance of the exposure and impairment allowance. An explanation of the methodology used to determine credit impairment provisions is included on pages 137 to 140. Transfers between stages in the tables have been reflected as if they had taken place at the beginning of the year. The movements are measured over a 12-month period.
Loans and advances at amortised cost (audited)Stage 1Stage 2Stage 3Total
Barclays Bank GroupGrossECLGrossECLGrossECLGrossECL
£m£m£m£m£m£m£m£m
Home loans
As at 1 January 20229,760 8 653 35 958 343 11,371 386 
Transfers from Stage 1 to Stage 2(179)— 179 — — — — — 
Transfers from Stage 2 to Stage 1393 16 (393)(16)— — — — 
Transfers to Stage 3(192)— (39)(4)231 4 — — 
Transfers from Stage 318 1 33 3 (51)(4)— — 
Business activity in the yeara
1,887 5 — — — — 1,887 5 
Refinements to models used for calculation— — — — — — — — 
Net drawdowns, repayments, net re-measurement and movements due to exposure and risk parameter changes(131)(17)(7)8 8 39 (130)30 
Final repaymentsb
(1,098)(1)(64)(1)(145)(3)(1,307)(5)
Disposals— — — — — — — — 
Write-offsc
— — — — (23)(23)(23)(23)
As at 31 December 2022d
10,458 12 362 25 978 356 11,798 393 
Credit cards, unsecured loans and other retail lending
As at 1 January 202224,011 605 2,782 791 1,469 906 28,262 2,302 
Transfers from Stage 1 to Stage 2(2,009)(40)2,009 40 — — — — 
Transfers from Stage 2 to Stage 11,046 218 (1,046)(218)— — — — 
Transfers to Stage 3(456)(14)(404)(166)860 180 — — 
Transfers from Stage 351 11 8 5 (59)(16)— — 
Business activity in the yeara
7,668 138 319 113 126 101 8,113 352 
Refinements to models used for calculatione
— 43 — 187 — 96 — 326 
Net drawdowns, repayments, net re-measurement and movements due to exposure and risk parameter changes3,236 (545)1,182 473 155 453 4,573 381 
Final repaymentsb
(2,887)(19)(235)(12)(150)(11)(3,272)(42)
Disposalsf
(159)(4)(29)(11)(48)(26)(236)(41)
Write-offsc
— — — — (679)(679)(679)(679)
As at 31 December 2022d
30,501 393 4,586 1,202 1,674 1,004 36,761 2,599 
Wholesale loans
As at 1 January 202295,242 183 12,962 193 921 435 109,125 811 
Transfers from Stage 1 to Stage 2(3,684)(7)3,684 7 — — — — 
Transfers from Stage 2 to Stage 14,573 44 (4,573)(44)— — — — 
Transfers to Stage 3(254)(1)(207)(5)461 6 — — 
Transfers from Stage 355 6 29 1 (84)(7)— — 
Business activity in the yeara
34,522 55 3,956 80 9 6 38,487 141 
Refinements to models used for calculatione
— 2 — (24)— — — (22)
Net drawdowns, repayments, net re-measurement and movements due to exposure and risk parameter changes21,238 39 1,738 95 28 204 23,004 338 
Final repaymentsb
(27,331)(33)(3,557)(41)(93)(44)(30,981)(118)
Disposalsf
(1,512)— (31)— (49)(47)(1,592)(47)
Write-offsc
— — — — (275)(275)(275)(275)
As at 31 December 2022d
122,849 288 14,001 262 918 278 137,768 828 
Notes
a.Business activity in the year does not include additional drawdowns on the existing facility which are reported under 'Net drawdowns, repayments, net re-measurement and movements due to exposure and risk parameter changes'. Business activity reported within Credit cards, unsecured loans and other retail lending portfolio includes the Gap portfolio acquisition in US cards of £2.7bn.
b.Final repayments include repayment from the facility closed during the year whereas partial repayments from existing facility are reported under 'Net drawdowns, repayments, net remeasurement and movements due to exposure and risk parameter changes'.
c.In 2022, gross write-offs amounted to £977m (2021: £1,158m) and post write-off recoveries amounted to £33m (2021: £31m). Net write-offs represent gross write-offs less post write-off recoveries and amounted to £944m (2021: £1,127m).
d.Other financial assets subject to impairment excluded in the table above include cash collateral and settlement balances, financial assets at fair value through other comprehensive income, accrued income and sundry debtors. These have a total gross exposure of £155.1bn (2021: £135.5bn) and impairment allowance of £152m (2021: £104m). This comprises £7m (2021: £4m) ECL on £153.8bn (2021: £135.3bn) Stage 1 assets, £8m (2021: £0m) on £1,142m (2021: £65m) Stage 2 fair value through other comprehensive income assets, cash collateral and settlement assets and £137m (2021: £100m) on £141m (2021: £100m) Stage 3 other assets.
e.Refinements to models used for calculation include £326m in Credit cards, unsecured loans and other retail lending and £(22)m in Wholesale loans. These reflect model enhancements made during the year. Barclays Bank Group continually reviews the output of models to determine accuracy of the ECL calculation including review of
model monitoring, external benchmarking and experience of model operation over an extended period of time. This ensures that the models used continue to reflect the risks inherent across the businesses.
f.The £0.2bn of disposals reported within Credit cards, unsecured loans and other retail lending portfolio relate to debt sales undertaken during the year. The £1.6bn of disposals reported within Wholesale loans include sale of debt securities as part of Group Treasury operations.


Reconciliation of ECL movement to credit impairment charge/(release) for the periodStage 1Stage 2Stage 3Total
£m£m£m£m
Home loans4 (10)36 30 
Credit cards, unsecured loans and other retail lending(208)422 803 1,017 
Wholesale loans105 69 165 339 
ECL movement excluding assets derecognised due to disposals and write-offs(99)481 1,004 1,386 
ECL movement on loan commitments and financial guarantees31 1 1 33 
ECL movement on other financial assetsa
3 8 37 48 
Recoveries and reimbursementsb
(121)(61)(46)(228)
Total exchange and other adjustmentsc
(306)
Total credit impairment charge for the year933 
Notes
a.Other financial assets subject to impairment excluded in the table above include cash collateral and settlement balances, financial assets at fair value through other comprehensive income, accrued income and sundry debtors. These have a total gross exposure of £155.1bn (2021: £135.5bn) and impairment allowance of £152m (2021: £104m). This comprises £7m (2021: £4m) ECL on £153.8bn (2021: £135.3bn) Stage 1 assets, £8m (2021: £0m) on £1,142m (2021: £65m) Stage 2 fair value through other comprehensive income assets, cash collateral and settlement assets and £137m (2021: £100m) on £141m (2021: £100m) Stage 3 other assets.
b.Recoveries and reimbursements includes £195m of reimbursements expected to be received under the arrangement where Barclays Bank Group has entered into financial guarantee contracts which provide credit protection over certain assets with third parties and cash recoveries of previously written off amounts of £33m.
c.Includes foreign exchange and interest and fees in suspense.
Loan commitments and financial guarantees (audited)Stage 1Stage 2Stage 3Total
Barclays Bank GroupGrossECLGrossECLGrossECLGrossECL
£m£m£m£m£m£m£m£m
Home loans
As at 1 January 202253 — — — 1 — 54 — 
Net transfers between stages(5)— 1 — 4 — — — 
Business activity in the year26 — — — — — 26 — 
Net drawdowns, repayments, net re-measurement and movement due to exposure and risk parameter changes4 — — — — — 4 — 
Limit management and final repayments(17)— — — — — (17)— 
As at 31 December 202261 — 1 — 5 — 67 — 
Credit cards, unsecured loans and other retail lending
As at 1 January 202278,655 36 3,214 33 32 20 81,901 89 
Net transfers between stages(1,457)30 1,328 (24)129 (6)— — 
Business activity in the year36,388 24 375 25 12 2 36,775 51 
Net drawdowns, repayments, net re-measurement and movement due to exposure and risk parameter changes10,749 (37)(1,653)36 (72)7 9,024 6 
Limit management and final repayments(6,877)(6)(400)(18)(6)(2)(7,283)(26)
As at 31 December 2022117,458 47 2,864 52 95 21 120,417 120 
Wholesale loans
As at 1 January 2022178,006 167 28,417 241 1,017 2 207,440 410 
Net transfers between stages6,139 60 (6,073)(64)(66)4 — — 
Business activity in the year43,676 28 4,233 54 15 — 47,924 82 
Net drawdowns, repayments, net re-measurement and movement due to exposure and risk parameter changes27,913 (39)5,993 58 143 (2)34,049 17 
Limit management and final repayments(54,184)(29)(9,509)(66)(321)(2)(64,014)(97)
As at 31 December 2022201,550 187 23,061 223 788 2 225,399 412 
Loans and advances at amortised cost (audited)Stage 1Stage 2Stage 3Total
Barclays Bank GroupGrossECLGrossECLGrossECLGrossECL
£m£m£m£m£m£m£m£m
Home loans
As at 1 January 20219,627 6 901 52 1,099 376 11,627 434 
Transfers from Stage 1 to Stage 2(253)— 253 — — — — — 
Transfers from Stage 2 to Stage 1331 22 (331)(22)— — — — 
Transfers to Stage 3(80)— (52)(5)132 5 — — 
Transfers from Stage 322 — 49 4 (71)(4)— — 
Business activity in the yeara
1,745 2 — — — — 1,745 2 
Refinements to models used for calculationb
— — — (4)— 38 — 34 
Net drawdowns, repayments, net re-measurement and movements due to exposure and risk parameter changes(742)(22)(25)11 (70)(50)(837)(61)
Final repaymentsc
(890)— (142)(1)(114)(4)(1,146)(5)
Disposals— — — — — — — — 
Write-offsd
— — — — (18)(18)(18)(18)
As at 31 December 2021e
9,760 8 653 35 958 343 11,371 386 
Credit cards, unsecured loans and other retail lending
As at 1 January 202118,923 399 5,571 1,327 1,853 1,253 26,347 2,979 
Transfers from Stage 1 to Stage 2(897)(41)897 41 — — — — 
Transfers from Stage 2 to Stage 12,520 548 (2,520)(548)— — — — 
Transfers to Stage 3(307)(13)(362)(165)669 178 — — 
Transfers from Stage 321 5 13 9 (34)(14)— — 
Business activity in the yeara
4,731 84 106 23 16 5 4,853 112 
Refinements to models used for calculationb
— (3)— (27)— — — (30)
Net drawdowns, repayments, net re-measurement and movements due to exposure and risk parameter changes509 (360)(514)147 (96)337 (101)124 
Final repaymentsc
(1,489)(14)(409)(16)(76)(5)(1,974)(35)
Disposalsf
— — — — (37)(22)(37)(22)
Write-offsd
— — — — (826)(826)(826)(826)
As at 31 December 2021e
24,011 605 2,782 791 1,469 906 28,262 2,302 
Wholesale loans
As at 1 January 202183,254 280 15,938 533 2,167 840 101,359 1,653 
Transfers from Stage 1 to Stage 2(4,122)(14)4,122 14 — — — — 
Transfers from Stage 2 to Stage 15,454 179 (5,454)(179)— — — — 
Transfers to Stage 3(32)(1)(164)(12)196 13 — — 
Transfers from Stage 3363 3 145 5 (508)(8)— — 
Business activity in the yeara
27,946 74 1,674 15 37 23 29,657 112 
Refinements to models used for calculationb
— — — 3 — — — 3 
Net drawdowns, repayments, net re-measurement and movements due to exposure and risk parameter changes2,448 (301)1,072 (14)(82)47 3,438 (268)
Final repaymentsc
(19,481)(29)(4,322)(168)(504)(125)(24,307)(322)
Disposalsf
(588)(8)(49)(4)(71)(41)(708)(53)
Write-offsd
— — — — (314)(314)(314)(314)
As at 31 December 2021e
95,242 183 12,962 193 921 435 109,125 811 
Notes
a.Business activity during the year does not include additional drawdowns on the existing facility which are reported under 'Net drawdowns, repayments, net re-measurement and movements due to exposure and risk parameter changes'.
b.Refinements to models used for calculation include £34m movement in Home loans, £(30)m in Credit cards, unsecured loans and other retail lending and £3m in Wholesale loans. These reflect enhancements made during the year. Barclays continually review the output of models to determine accuracy of the ECL calculation including review of model monitoring, external benchmarking and experience of model operation over an extended period of time. This ensures that the models used continue to reflect the risks inherent across the businesses.
c.Final repayments include repayment from the facility closed during the year whereas partial repayments from existing facility are reported under 'Net drawdowns, repayments, net remeasurement and movements due to exposure and risk parameter changes'.
d.In 2021, gross write-offs amounted to £1,158m (2020: £1,337m) and post write-off recoveries amounted to £31m (2020: £4m). Net write-offs represent gross write-offs less post write-off recoveries and amounted to £1,127m (2020: £1,333m).
e.Other financial assets subject to impairment not included in the table above include cash collateral and settlement balances, financial assets at fair value through other comprehensive income, accrued income and sundry debtors. These have a total gross exposure of £135.5bn (2020: £150.3bn) and impairment allowance of £104m (2020: £145m). This comprises £4m (2020 £7m) ECL on £135.3bn (2020: £146.3bn) stage 1 assets , £0m (2020: £6m) on £65m (2020: £3.8bn) stage 2 fair value through other comprehensive income assets, cash collateral and settlement assets and £100m (2020: £132m) on £100m (2020: £132m) Stage 3 other assets .
f.The £37m of disposals reported within Credit cards, unsecured loans and other retail lending portfolio relate to debt sales undertaken during the year. The £708m of disposal reported within Wholesale loans include debt sales and sale of Barclays Asset Finance.

Reconciliation of ECL movement to credit impairment (release)/charge for the periodStage 1Stage 2Stage 3Total
£m£m£m£m
Home loans2 (17)(15)(30)
Credit cards, unsecured loans and other retail lending206 (536)501 171 
Wholesale loans(89)(336)(50)(475)
ECL movement excluding assets derecognised due to disposals and write-offs119 (889)436 (334)
ECL movement on loan commitments and financial guarantees(36)(205)(29)(270)
ECL movement on other financial assetsa
(3)(6)(4)(13)
Recoveries and reimbursementsb
47 220 (8)259 
Total exchange and other adjustmentsc
81 
Total credit impairment release for the year(277)
Notes
a.Other financial assets subject to impairment not included in the table above include cash collateral and settlement balances, financial assets at fair value through other comprehensive income, accrued income and sundry debtors. These have a total gross exposure of £135.5bn (2020: £150.3bn) and impairment allowance of £104m (2020: £145m). This comprises £4m ECL (2020 £7m) on £135.3bn stage 1 assets (2020: £146.3bn), £0m (2020: £6m) on £65m (2020: £3.8bn) stage 2 fair value through other comprehensive income assets, cash collateral and settlement assets and £100m (2020: £132m) on £100m (2020: £132m) Stage 3 other assets.
b.Recoveries and reimbursements includes a net reduction in amounts recoverable from financial guarantee contracts held with third parties of £290m and cash recoveries of previously written off amounts to £31m.
c.Includes foreign exchange and interest and fees in suspense.
Loan commitments and financial guarantees (audited)Stage 1Stage 2Stage 3Total
Barclays Bank GroupGrossECLGrossECLGrossECLGrossECL
£m£m£m£m£m£m£m£m
Home loans
As at 1 January 2021125 — 2 — 4 — 131 — 
Net transfers between stages— — — — — — — — 
Business activity in the year19 — — — — — 19 — 
Net drawdowns, repayments, net re-measurement and movement due to exposure and risk parameter changes(4)— — — — — (4)— 
Limit management and final repayments(87)— (2)— (3)— (92)— 
As at 31 December 202153 — — — 1 — 54 — 
Credit cards, unsecured loans and other retail lending
As at 1 January 202168,211 34 6,244 33 30 23 74,485 90 
Net transfers between stages2,992 (4)(3,431)(2)439 6 — — 
Business activity in the year10,628 — 410 — 2 — 11,040 — 
Net drawdowns, repayments, net re-measurement and movement due to exposure and risk parameter changes3,712 6 585 2 (437)(9)3,860 (1)
Limit management and final repayments(6,888)— (594)— (2)— (7,484)— 
As at 31 December 202178,655 36 3,214 33 32 20 81,901 89 
Wholesale loans
As at 1 January 2021160,404 205 39,426 446 2,031 28 201,861 679 
Net transfers between stages7,801 220 (6,730)(214)(1,071)(6)— — 
Business activity in the year45,395 14 4,658 102 9 — 50,062 116 
Net drawdowns, repayments, net re-measurement and movement due to exposure and risk parameter changes10,551 (232)2 12 539 (13)11,092 (233)
Limit management and final repayments(46,145)(40)(8,939)(105)(491)(7)(55,575)(152)
As at 31 December 2021178,006 167 28,417 241 1,017 2 207,440 410 
Management adjustments to models for impairment and Economic uncertainty management adjustments to models for impairment (audited)
Management adjustments are captured through “Economic uncertainty” and “Other” adjustments presented by product below:

Management adjustments to models for impairment allowance presented by product (audited)a
Impairment allowance pre management adjustmentsb
Economic uncertainty adjustments (a)Other adjustments (b)Management adjustments (a+b)
Total impairment allowancec
Proportion of Management adjustments to total impairment allowance
As at 31 December 2022£m£m£m£m£m%
Home loans393 — — — 393 — 
Credit cards, unsecured loans and other retail lending2,627 2 90 92 2,719 3.4 
Wholesale loans1,354 95 (209)(114)1,240 (9.2)
Total4,374 97 (119)(22)4,352 (0.5)

As at 31 December 2021£m£m£m£m£m%
Home loans352 34 — 34 386 8.8 
Credit cards, unsecured loans and other retail lending1,425 771 195 966 2,391 40.4 
Wholesale loans1,079 244 (102)142 1,221 11.6 
Total2,856 1,049 93 1,142 3,998 28.6 
Economic uncertainty adjustments are presented by stage (audited)
Stage 1Stage 2Stage 3Total
As at 31 December 2022£m£m£m£m
Home loans— — — — 
Credit cards, unsecured loans and other retail lending— 2 — 2 
Wholesale loans97 (2)— 95 
Total97 — — 97 

As at 31 December 2021£m£m£m£m
Home loans— 23 11 34 
Credit cards, unsecured loans and other retail lending369 394 8 771 
Wholesale loans176 68 — 244 
Total545 485 19 1,049 
Notes:
a.Positive values reflect an increase in impairment allowance and negative values reflect a reduction in the impairment allowance.
b.Includes £3.7bn (2021: £2.3bn) of modelled ECL, £0.3bn (2021: £0.5bn) of individually assessed impairments and £0.4bn (2021: £0.1bn) ECL from non-modelled exposures.
c.Total impairment allowance consists of ECL stock on drawn and undrawn exposures.
Macroeconomic variables used in the calculation of ECL and Scenario probability weighting (audited)
Baseline average macroeconomic variables used in the calculation of ECL
20222023202420252026
As at 31 December 2022 % % % % %
UK GDPa
3.3 (0.8)0.9 1.8 1.9 
UK unemploymentb
3.7 4.5 4.4 4.1 4.2 
UK HPIc
8.4 (4.7)(1.7)2.2 2.2 
UK bank rate1.8 4.4 4.1 3.8 3.4 
US GDPa
1.8 0.5 1.2 1.5 1.5 
US unemploymentd
3.7 4.3 4.7 4.7 4.7 
US HPIe
11.2 1.8 1.5 2.3 2.4 
US federal funds rate2.1 4.8 3.6 3.1 3.0 
20212022202320242025
As at 31 December 2021% % % %%
UK GDPa
6.2 4.9 2.3 1.9 1.7 
UK unemploymentb
4.8 4.7 4.5 4.3 4.2 
UK HPIc
4.7 1.0 1.9 1.9 2.3 
UK bank rate0.1 0.8 1.0 1.0 0.8 
US GDPa
5.5 3.9 2.6 2.4 2.4 
US unemploymentd
5.5 4.2 3.6 3.6 3.6 
US HPIe
11.8 4.5 5.2 4.9 5.0 
US federal funds rate0.2 0.3 0.9 1.2 1.3 
Downside 2 average macroeconomic variables used in the calculation of ECL
20222023202420252026
As at 31 December 2022 % % % % %
UK GDPa
3.3 (3.4)(3.8)2.0 2.3 
UK unemploymentb
3.7 6.0 8.4 8.0 7.4 
UK HPIc
8.4 (18.3)(18.8)(7.7)8.2 
UK bank rate1.8 7.3 7.9 6.6 5.5 
US GDPa
1.8 (2.7)(3.4)2.0 2.6 
US unemploymentd
3.7 6.0 8.5 8.1 7.1 
US HPIe
11.2 (3.1)(4.0)(1.9)4.8 
US federal funds rate2.1 6.6 6.9 5.8 4.6 
20212022202320242025
As at 31 December 2021%%%%%
UK GDPa
6.2 0.2 (4.0)2.8 4.3 
UK unemploymentb
4.8 7.2 9.0 7.6 6.3 
UK HPIc
4.7 (14.3)(21.8)11.9 15.2 
UK bank rate0.1 2.2 3.9 3.1 2.2 
US GDPa
5.5 (0.8)(3.5)2.5 3.2 
US unemploymentd
5.5 6.4 9.1 8.1 6.4 
US HPIe
11.8 (6.6)(9.0)5.9 6.7 
US federal funds rate0.2 2.1 3.4 2.6 2.0 
Downside 1 average macroeconomic variables used in the calculation of ECL
20222023202420252026
As at 31 December 2022 % % % % %
UK GDPa
3.3 (2.1)(1.5)1.9 2.1 
UK unemploymentb
3.7 5.2 6.4 6.0 5.8 
UK HPIc
8.4 (11.7)(10.6)(2.8)5.2 
UK bank rate1.8 5.9 6.1 5.3 4.6 
US GDPa
1.8 (1.1)(1.1)1.7 2.1 
US unemploymentd
3.7 5.1 6.6 6.4 5.9 
US HPIe
11.2 (0.7)(1.3)0.2 3.6 
US federal funds rate2.1 5.8 5.4 4.4 3.9 
20212022202320242025
As at 31 December 2021%%%%%
UK GDPa
6.2 2.8 (0.7)2.3 2.9 
UK unemploymentb
4.8 6.2 6.8 6.0 5.3 
UK HPIc
4.7 (6.8)(10.5)6.9 8.6 
UK bank rate0.1 1.6 2.7 2.3 1.6 
US GDPa
5.5 1.6 (0.4)2.4 2.7 
US unemploymentd
5.5 5.4 6.6 6.1 5.2 
US HPIe
11.8 (1.2)(2.1)4.8 5.2 
US federal funds rate0.2 1.3 2.3 2.1 1.8 
Upside 2 average macroeconomic variables used in the calculation of ECL
20222023202420252026
As at 31 December 2022 % % % % %
UK GDPa
3.3 2.8 3.7 2.9 2.4 
UK unemploymentb
3.7 3.5 3.4 3.4 3.4 
UK HPIc
8.4 8.7 7.5 4.4 4.2 
UK bank rate1.8 3.1 2.6 2.5 2.5 
US GDPa
1.8 3.3 3.5 2.8 2.8 
US unemploymentd
3.7 3.3 3.3 3.3 3.3 
US HPIe
11.2 5.8 5.1 4.5 4.5 
US federal funds rate2.1 3.6 2.9 2.8 2.8 
20212022202320242025
As at 31 December 2021%%%%%
UK GDPa
6.2 7.2 4.0 2.7 2.1 
UK unemploymentb
4.8 4.5 4.1 4.0 4.0 
UK HPIc
4.7 8.5 9.0 5.2 4.2 
UK bank rate0.1 0.2 0.5 0.5 0.3 
US GDPa
5.5 5.3 4.1 3.5 3.4 
US unemploymentd
5.5 3.9 3.4 3.3 3.3 
US HPIe
11.8 10.6 8.5 7.2 6.6 
US federal funds rate0.2 0.3 0.4 0.7 1.0 
Upside 1 average macroeconomic variables used in the calculation of ECL
20222023202420252026
As at 31 December 2022 % % % % %
UK GDPa
3.3 1.0 2.3 2.4 2.1 
UK unemploymentb
3.7 4.0 3.9 3.8 3.8 
UK HPIc
8.4 1.8 2.9 3.3 3.2 
UK bank rate1.8 3.5 3.3 3.0 2.8 
US GDPa
1.8 1.9 2.3 2.2 2.2 
US unemploymentd
3.7 3.8 4.0 4.0 4.0 
US HPIe
11.2 3.8 3.3 3.4 3.4 
US federal funds rate2.1 3.9 3.4 3.0 3.0 
20212022202320242025
As at 31 December 2021%%%%%
UK GDPa
6.2 6.0 3.1 2.3 1.9 
UK unemploymentb
4.8 4.6 4.3 4.2 4.1 
UK HPIc
4.7 5.0 5.0 3.9 3.3 
UK bank rate0.1 0.6 0.8 0.8 0.5 
US GDPa
5.5 4.6 3.4 2.9 2.9 
US unemploymentd
5.5 4.0 3.5 3.5 3.5 
US HPIe
11.8 8.3 7.0 6.0 5.7 
US federal funds rate0.2 0.3 0.6 1.0 1.1 
Notes
aAverage Real GDP seasonally adjusted change in year.
bAverage UK unemployment rate 16-year+.
cChange in year end UK HPI = Halifax All Houses, All Buyers index, relative to prior year end.
dAverage US civilian unemployment rate 16-year+.
eChange in year end US HPI = FHFA house price index, relative to prior year end.
Scenario probability weighting (audited)a
Upside 2Upside 1BaselineDownside 1Downside 2
%%%%%
As at 31 December 2022
Scenario probability weighting10.9 23.1 39.4 17.6 9.0 
As at 31 December 2021
Scenario probability weighting20.9 27.2 30.1 14.8 7.0 
Note
aFor further details on changes to scenario weights see page 67.
Specific bases show the most extreme position of each variable in the context of the downside/upside scenarios, for example, the highest unemployment for downside scenarios, average unemployment for baseline scenarios and lowest unemployment for upside scenarios. GDP and HPI downside and upside scenario data represents the lowest and highest points relative to the start point in the 20 quarter period.
Macroeconomic variables used in the calculation of ECL (specific bases) (audited)a
Upside 2Upside 1BaselineDownside 1Downside 2
%%%%%
As at 31 December 2022
UK GDPb
13.9 9.4 1.4 (3.2)(6.8)
UK unemploymentc
3.4 3.6 4.2 6.6 8.5 
UK HPId
37.8 21.0 1.2 (17.9)(35.0)
UK bank ratec
0.5 0.5 3.5 6.3 8.0 
US GDPb
14.1 9.6 1.3 (2.5)(6.3)
US unemploymentc
3.3 3.6 4.4 6.7 8.6 
US HPId
35.0 27.5 3.8 3.7 0.2 
US federal funds ratec
0.1 0.1 3.3 6.0 7.0 
As at 31 December 2021
UK GDPb
21.4 18.3 3.4 (1.6)(1.6)
UK unemploymentc
4.0 4.1 4.5 7.0 9.2 
UK HPId
35.7 23.8 2.4 (12.7)(29.9)
UK bank ratec
0.1 0.1 0.7 2.8 4.0 
US GDPb
22.8 19.6 3.4 1.5 (1.3)
US unemploymentc
3.3 3.5 4.1 6.8 9.5 
US HPId
53.3 45.2 6.2 2.2 (5.0)
US federal funds ratec
0.1 0.1 0.8 2.3 3.5 
Average basis represents the average quarterly value of variables in the 20 quarter period with GDP and HPI based on yearly average and quarterly CAGRs respectively.
Macroeconomic variables used in the calculation of ECL (5 year averages) (audited)a
Upside 2Upside 1BaselineDownside 1Downside 2
 % % % % %
As at 31 December 2022
UK GDPe
3.0 2.2 1.4 0.7 0.0 
UK unemploymentf
3.5 3.8 4.2 5.4 6.7 
UK HPIg
6.6 3.9 1.2 (2.6)(6.4)
UK bank ratef
2.5 2.9 3.5 4.7 5.8 
US GDPe
2.9 2.1 1.3 0.7 0.0 
US unemploymentf
3.4 3.9 4.4 5.5 6.7 
US HPIg
6.2 5.0 3.8 2.5 1.2 
US federal funds ratef
2.8 3.1 3.3 4.3 5.2 
As at 31 December 2021
UK GDPe
4.4 3.9 3.4 2.7 1.8 
UK unemploymentf
4.3 4.4 4.5 5.8 7.0 
UK HPIg
6.3 4.4 2.4 0.3 (2.0)
UK bank ratef
0.3 0.5 0.7 1.7 2.3 
US GDPe
4.4 3.9 3.4 2.4 1.3 
US unemploymentf
3.9 4.0 4.1 5.7 7.1 
US HPIg
8.9 7.7 6.2 3.6 1.4 
US federal funds ratef
0.5 0.6 0.8 1.5 2.1 
Notes
aUK GDP = Real GDP growth seasonally adjusted; UK unemployment = UK unemployment rate 16-year+; UK HPI = Halifax All Houses, All Buyers Index; US GDP = Real GDP growth seasonally adjusted; US unemployment = US civilian unemployment rate 16-year+; US HPI = FHFA house price index. 20 quarter period starts from Q121 (2020: Q120).
bMaximum growth relative to Q420 (2021: Q419), based on 20 quarter period in Upside scenarios; 5-year yearly average CAGR in Baseline; minimum growth relative to Q420 (2021: Q419), based on 20 quarter period in Downside scenarios.
cLowest quarter in Upside scenarios; 5-year average in Baseline; highest quarter in Downside scenarios. Period based on 20 quarters from Q121 (2021: Q120).
dMaximum growth relative to Q420 (2021: Q419), based on 20 quarter period in Upside scenarios; 5-year quarter end CAGR in Baseline; minimum growth relative to Q420 (2021: Q419), based on 20 quarter period in Downside scenarios.
e5-year yearly average CAGR, starting 2021 (2021: 2020)
f5-year average. Period based on 20 quarters from Q121 (2021: Q120)
g5-year quarter end CAGR, starting Q420 (2021: Q419)
ECL under 100% weighted scenarios for key modelled portfolios (audited)
The table below shows the Expected Credit Loss (ECL) assuming scenarios have been 100% weighted with the dispersion of results around the Baseline, highlighting the impact on exposure and ECL across the scenarios.
Model exposure uses exposure at default (EAD) values and is not directly comparable to gross exposure used in prior disclosures.
Scenarios
As at 31 December 2022
Weighteda
Upside 2Upside 1BaselineDownside 1Downside 2
Stage 1 Model exposure (£m)
Home loans3,622 3,652 3,642 3,627 3,593 3,557 
Credit cards, unsecured loans and other retail lendingb, c
55,016 54,797 54,789 54,855 55,062 55,197 
Wholesale loans167,476 171,642 170,664 169,325 163,888 152,417 
Stage 1 Model ECL (£m)
Home loans3 3 3 3 3 4 
Credit cards, unsecured loans and other retail lending436 415 427 438 445 452 
Wholesale loans287 220 243 273 337 379 
Stage 1 Coverage (%)
Home loans0.1 0.1 0.1 0.1 0.1 0.1 
Credit cards, unsecured loans and other retail lending0.8 0.8 0.8 0.8 0.8 0.8 
Wholesale loans0.2 0.1 0.1 0.2 0.2 0.2 
Stage 2 Model exposure (£m)
Home loans252 223 233 248 281 317 
Credit cards, unsecured loans and other retail lendingb, c
4,865 4,411 4,713 4,996 5,250 5,657 
Wholesale loans18,850 14,684 15,662 17,001 22,438 33,909 
Stage 2 Model ECL (£m)
Home loans24 14 18 22 34 45 
Credit cards, unsecured loans and other retail lending1,173 1,037 1,105 1,173 1,269 1,402 
Wholesale loans521 360 411 482 682 1,092 
Stage 2 Coverage (%)
Home loans9.5 6.3 7.7 8.9 12.1 14.2 
Credit cards, unsecured loans and other retail lending24.1 23.5 23.4 23.5 24.2 24.8 
Wholesale loans2.8 2.5 2.6 2.8 3.0 3.2 
Stage 3 Model exposure (£m)d
Home loans583 583 583 583 583 583 
Credit cards, unsecured loans and other retail lending1,194 1,194 1,194 1,194 1,194 1,194 
Wholesale loans— — — — — — 
Stage 3 Model ECL (£m)
Home loans319 308 313 317 328 337 
Credit cards, unsecured loans and other retail lending895 877 886 895 907 917 
Wholesale loanse
— — — — — — 
Stage 3 Coverage (%)
Home loans54.7 52.8 53.7 54.4 56.3 57.8 
Credit cards, unsecured loans and other retail lending75.0 73.5 74.2 75.0 76.0 76.8 
Wholesale loanse
— — — — — — 
Total Model ECL (£m)
Home loans346 325 334 342 365 386 
Credit cards, unsecured loans and other retail lending2,504 2,329 2,418 2,506 2,621 2,771 
Wholesale loanse
808 580 654 755 1,019 1,471 
Total ECL3,658 3,234 3,406 3,603 4,005 4,628 
Reconciliation to total ECL£m
Total weighted model ECL3,658 
ECL from individually assessed impairmentse
316 
ECL from non-modelled and others400 
ECL from post model management adjustmentsf
(22)
   Of which: ECL from economic uncertainty adjustments97 
Total ECL4,352 
Note
aModel exposures are allocated to a stage based on an individual scenario rather than a probability-weighted approach, as required for Barclays reported impairment allowances. As a result, it is not possible to back solve the final reported weighted ECL from individual scenarios given balances may be assigned to a different stage dependent on the scenario.
bFor Credit cards, unsecured loans and other retail lending, the model exposure movement between stages 1 and 2 across scenarios differs due to additional impacts from the undrawn exposure.
cFor Credit cards, unsecured loans and other retail lending, the dispersion of results around Baseline has narrowed following model enhancements made during the year.
dModel exposures allocated to Stage 3 does not change in any of the scenarios as the transition criteria relies only on an observable evidence of default as at 31st December 2022 and not on macroeconomic scenario.
eMaterial wholesale loan defaults are individually assessed across different recovery strategies. As a result, ECL of £316m is reported as an individually assessed impairment in the reconciliation table.
fPost Model Adjustments include negative adjustments reflecting operational post model adjustments.
Scenarios
As at 31 December 2021
Weighteda
Upside 2Upside 1BaselineDownside 1Downside 2
Stage 1 Model exposure (£m)
Home loans3,905 3,915 3,911 3,906 3,885 3,868 
Credit cards, unsecured loans and other retail lendingb, c
30,282 27,945 29,092 30,271 32,013 30,280 
Wholesale loans142,804 145,097 144,688 143,967 140,402 135,764 
Stage 1 Model ECL (£m)
Home loans2 2 2 2 3 3 
Credit cards, unsecured loans and other retail lending221 157 164 173 254 332 
Wholesale loans219 189 200 216 250 282 
Stage 1 Coverage (%)
Home loans0.1 0.1 0.1 0.1 0.1 0.1 
Credit cards, unsecured loans and other retail lending0.7 0.6 0.6 0.6 0.8 1.1 
Wholesale loans0.2 0.1 0.1 0.2 0.2 0.2 
Stage 2 Model exposure (£m)
Home loans228 219 222 227 249 266 
Credit cards, unsecured loans and other retail lendingb, c
2,291 1,771 1,919 2,082 4,586 11,493 
Wholesale loans29,124 26,831 27,240 27,961 31,525 36,163 
Stage 2 Model ECL (£m)
Home loans12 10 10 11 18 24 
Credit cards, unsecured loans and other retail lending365 264 295 333 599 2,278 
Wholesale loans506 395 420 462 712 1,229 
Stage 2 Coverage (%)
Home loans5.3 4.6 4.5 4.8 7.2 9.0 
Credit cards, unsecured loans and other retail lending15.9 14.9 15.4 16.0 13.1 19.8 
Wholesale loans1.7 1.5 1.5 1.7 2.3 3.4 
Stage 3 Model exposure (£m)d
Home loans610 610 610 610 610 610 
Credit cards, unsecured loans and other retail lending1,028 1,028 1,028 1,028 1,028 1,028 
Wholesale loans0 0 0 0 0 0 
Stage 3 Model ECL (£m)
Home loans297 290 292 296 310 320 
Credit cards, unsecured loans and other retail lending696 685 690 696 710 722 
Wholesale loanse
0 0 0 0 0 0 
Stage 3 Coverage (%)
Home loans48.7 47.5 47.9 48.5 50.8 52.5 
Credit cards, unsecured loans and other retail lending67.7 66.6 67.1 67.7 69.1 70.2 
Wholesale loanse
0.0 0.0 0.0 0.0 0.0 0.0 
Total Model ECL (£m)
Home loans311 302 304 309 331 347 
Credit cards, unsecured loans and other retail lending1,282 1,106 1,149 1,202 1,563 3,332 
Wholesale loanse
725 584 620 678 962 1,511 
Total ECL2,318 1,992 2,073 2,189 2,856 5,190 
Reconciliation to total ECL£m
Total weighted model ECL2,318 
ECL from individually assessed impairmentse
463 
ECL from non-modelled and others75 
ECL from post model management adjustments1,142 
  Of which: ECL from economic uncertainty adjustments1,049 
Total ECL3,998 
Notes
aModel exposures are allocated to a stage based on an individual scenario rather than a probability-weighted approach, as required for Barclays reported impairment allowances. As a result, it is not possible to back solve the final reported weighted ECL from individual scenarios given balances may be assigned to a different stage dependent on the scenario.
bFor Credit cards, unsecured loans and other retail lending, the model exposure movement between stages 1 and 2 across scenarios differs due to additional impacts from the undrawn exposure.
cIn 2021, Loans & Advances at amortised cost were used as model exposure for the International Consumer Bank within this disclosure. The process was revised in 2022 to incorporate Exposure at Default (EAD) with no impact to ECL. This has been represented in prior year comparatives.
dModel exposures allocated to Stage 3 does not change in any of the scenarios as the transition criteria relies only on an observable evidence of default as at 31st December 2021 and not on macroeconomic scenario.
eMaterial wholesale loan defaults are individually assessed across different recovery strategies. As a result, ECL of £463m is reported as an individually assessed impairment in the reconciliation table.
Concentrations of Credit Risk by geography and industry (audited)
Credit risk concentrations by geography (audited)
Barclays Bank GroupUnited
Kingdom		AmericasEuropeAsiaAfrica and Middle EastTotal
As at 31 December 2022£m£m£m£m£m£m
On-balance sheet:
Cash and balances at central banks74,792 49,830 73,677 3,552 291 202,142 
Cash collateral and settlement balances 37,994 36,503 21,962 10,345 1,058 107,862 
Loans and advances at amortised cost67,271 72,633 31,532 5,958 5,113 182,507 
Reverse repurchase agreements and other similar secured lending— 127 329 262 7 725 
Trading portfolio assets9,341 35,481 16,925 5,300 1,581 68,628 
Financial assets at fair value through the income statement28,769 106,715 41,355 20,535 8,820 206,194 
Derivative financial instruments99,695 101,402 77,106 22,299 2,474 302,976 
Financial assets at fair value through other comprehensive income5,228 17,950 15,929 5,718 258 45,083 
Other assets1,367 118 13 3 2 1,503 
Total on-balance sheet324,457 420,759 278,828 73,972 19,604 1,117,620 
Off-balance sheet:
Contingent liabilities7,530 11,297 4,811 1,760 402 25,800 
Loan commitments45,027 240,343 42,533 4,321 2,753 334,977 
Total off-balance sheet52,557 251,640 47,344 6,081 3,155 360,777 
Total377,014 672,399 326,172 80,053 22,759 1,478,397 
As at 31 December 2021
On-balance sheet:
Cash and balances at central banks45,470 38,735 76,846 7,789 245 169,085 
Cash collateral and settlement balances30,107 28,272 21,754 7,210 742 88,085 
Loans and advances at amortised cost62,269 50,718 23,576 4,775 3,921 145,259 
Reverse repurchase agreements and other similar secured lending9 123 351 2,508 186 3,177 
Trading portfolio assets12,852 29,478 15,062 4,943 890 63,225 
Financial assets at fair value through the income statement26,096 95,456 30,080 21,798 9,998 183,428 
Derivative financial instruments78,449 91,992 75,245 14,709 1,896 262,291 
Financial assets at fair value through other comprehensive income4,525 20,750 15,603 4,666 363 45,907 
Other assets747 224 17 6 — 994 
Total on-balance sheet260,524 355,748 258,534 68,404 18,241 961,451 
Off-balance sheet:
Contingent liabilities7,926 10,329 3,957 1,131 403 23,746 
Loan commitments46,616 192,270 38,567 5,079 1,919 284,451 
Total off-balance sheet54,542 202,599 42,524 6,210 2,322 308,197 
Total315,066 558,347 301,058 74,614 20,563 1,269,648 
Credit risk concentrations by industry (audited)
Barclays Bank GroupBanksOther financial
insti-tutions		Manu-
facturing		Const-
ruction
and
property		Govern-
ment and central bank		Energy
and
water		Wholesale
and retail distribution
 and leisure		Business
and other
services		Home
loans		Cards,
unsecured
loans and
other personal
lending		OtherTotal
As at 31 December 2022£m£m£m£m£m£m£m£m£m£m£m£m
On-balance sheet:
Cash and balances at central banks675 — — — 201,467 — — — — — — 202,142 
Cash collateral and settlement balances 14,965 78,705 229 67 12,739 269 136 166 — — 586 107,862 
Loans and advances at amortised cost8,753 49,102 7,346 16,460 17,828 5,541 8,164 16,810 11,405 34,483 6,615 182,507 
Reverse repurchase agreements and other similar secured lending583 92 — — 50 — — — — — — 725 
Trading portfolio assets4,638 9,314 5,007 1,405 36,335 2,330 789 2,782 — — 6,028 68,628 
Financial assets at fair value through the income statement30,982 149,917 705 1,707 16,598 184 479 3,897 1,255 — 470 206,194 
Derivative financial instruments128,161 152,840 4,095 597 3,027 4,778 1,541 3,175 — — 4,762 302,976 
Financial assets at fair value through other comprehensive income9,293 2,444 — 592 32,372 — — 112 — — 270 45,083 
Other assets345 1,020 9 — 1 1 — 118 — — 9 1,503 
Total on-balance sheet198,395 443,434 17,391 20,828 320,417 13,103 11,109 27,060 12,660 34,483 18,740 1,117,620 
Off-balance sheet:
Contingent liabilities1,108 8,075 3,695 1,430 1,008 3,891 1,138 3,177 — 143 2,135 25,800 
Loan commitments1,779 63,801 44,808 11,887 1,501 29,594 16,308 24,672 120 114,820 25,687 334,977 
Total off-balance sheet2,887 71,876 48,503 13,317 2,509 33,485 17,446 27,849 120 114,963 27,822 360,777 
Total201,282 515,310 65,894 34,145 322,926 46,588 28,555 54,909 12,780 149,446 46,562 1,478,397 
As at 31 December 2021
On-balance sheet:
Cash and balances at central banks28 — — — 169,057 — — — — — — 169,085 
Cash collateral and settlement balances 14,605 61,252 320 79 10,684 390 60 354 — — 341 88,085 
Loans and advances at amortised cost7,955 33,563 5,821 13,714 15,462 4,244 7,266 13,881 10,985 26,477 5,891 145,259 
Reverse repurchase agreements and other similar secured lending595 2,049 — — 533 — — — — — — 3,177 
Trading portfolio assets2,560 8,818 4,881 1,048 32,483 4,043 1,734 4,716 — — 2,942 63,225 
Financial assets at fair value through the income statement26,239 131,232 763 5,444 13,935 76 181 3,547 1,595 — 416 183,428 
Derivative financial instruments120,607 117,050 4,168 1,898 7,233 3,544 1,172 2,825 — — 3,794 262,291 
Financial assets at fair value through other comprehensive income9,942 2,972 — 514 31,975 — — 444 — — 60 45,907 
Other assets401 474 1 — 8 — — 105 — — 5 994 
Total on-balance sheet182,932 357,410 15,954 22,697 281,370 12,297 10,413 25,872 12,580 26,477 13,449 961,451 
Off-balance sheet:
Contingent liabilities1,005 7,772 3,080 1,342 1,092 3,284 1,182 3,118 — 73 1,798 23,746 
Loan commitments1,340 53,212 42,434 15,752 1,360 26,447 15,811 25,201 341 76,759 25,794 284,451 
Total off-balance sheet2,345 60,984 45,514 17,094 2,452 29,731 16,993 28,319 341 76,832 27,592 308,197 
Total185,277 418,394 61,468 39,791 283,822 42,028 27,406 54,191 12,921 103,309 41,041 1,269,648 
Balance Sheet credit quality (audited)
Balance sheet credit quality (audited)
Barclays Bank GroupPD Range0.0 to <0.60%0.60 to <11.35%11.35% to 100%Total0.0 to <0.60%0.60 to <11.35%11.35% to 100%Total
As at 31 December 2022£m£m£m£m%%%%
Cash and balances at central banks202,142 202,142 100 — — 100 
Cash collateral and settlement balances96,688 10,886 288 107,862 90 10 — 100 
Loans and advances at amortised cost
Home loans10,096 636 673 11,405 88 6 6 100 
Credit cards, unsecured loans and other retail lending15,376 17,140 1,646 34,162 45 50 5 100 
Wholesale loans108,267 26,397 2,276 136,940 79 19 2 100 
Total loans and advances at amortised cost133,739 44,173 4,595 182,507 73 24 3 100 
Reverse repurchase agreements and other similar secured lending725 725 100 — — 100 
Trading portfolio assets:
Debt securities50,208 4,891 331 55,430 90 9 1 100 
Traded loans3,214 8,273 1,711 13,198 24 63 13 100 
Total trading portfolio assets53,422 13,164 2,042 68,628 79 19 3 100 
Financial assets at fair value through the income statement:
Loans and advances13,508 24,573 109 38,190 36 64 — 100 
Debt securities2,097 1,055 65 3,217 65 33 2 100 
Reverse repurchase agreements124,811 38,339 1,548 164,698 76 23 1 100 
Other financial assets68 21 — 89 76 24 — 100 
Total financial assets at fair value through the income statement140,484 63,988 1,722 206,194 68 31 1 100 
Derivative financial instruments285,087 17,606 283 302,976 94 6 — 100 
Financial assets at fair value through other comprehensive income45,081 3 45,084 100 — — 100 
Other assets1,455 47 1,502 97 3 — 100 
Total on-balance sheet958,823 149,867 8,930 1,117,620 86 13 1 100 
As at 31 December 2021
Cash and balances at central banks169,085 — — 169,085 100 — — 100 
Cash collateral and settlement balances78,881 9,194 10 88,085 90 10 — 100 
Loans and advances at amortised cost
Home loans9,519 809 657 10,985 87 7 6 100 
Credit cards, unsecured loans and other retail lending18,460 6,178 1,322 25,960 71 24 5 100 
Wholesale loans78,239 26,992 3,083 108,314 72 25 3 100 
Total loans and advances at amortised cost106,218 33,979 5,062 145,259 73 23 4 100 
Reverse repurchase agreements and other similar secured lending3,091 86 — 3,177 97 3 — 100 
Trading portfolio assets:
Debt securities44,488 5,735 477 50,700 88 11 1 100 
Traded loans2,172 10,144 209 12,525 17 81 2 100 
Total trading portfolio assets46,660 15,879 686 63,225 74 25 1 100 
Financial assets at fair value through the income statement:
Loans and advances16,977 18,896 28 35,901 47 53 — 100 
Debt securities1,346 858 52 2,256 60 38 2 100 
Reverse repurchase agreements108,609 36,047 530 145,186 75 25 — 100 
Other financial assets67 18 — 85 79 21 — 100 
Total financial assets at fair value through the income statement126,999 55,819 610 183,428 70 30 — 100 
Derivative financial instruments246,347 15,678 266 262,291 94 6 — 100 
Financial assets at fair value through other comprehensive income45,901 6 — 45,907 100 — — 100 
Other assets948 46 — 994 95 5 — 100 
Total on-balance sheet824,130 130,687 6,634 961,451 86 13 1 100 
Credit risk profile by internal PD band for loans and advances at amortised cost, contingent liabilities and loan commitments (audited)
The below tables represent credit risk profile by PD grade for loans and advances at amortised cost, contingent liabilities and loan commitments.
Stage 1 higher risk assets, presented gross of associated collateral held, are of weaker credit quality but have not significantly deteriorated since origination.
IFRS 9 Stage 1 and Stage 2 classification is not dependent solely on the absolute probability of default but on elements that determine a Significant Increase in Credit Risk (see Note 8 to the financial statements on page 137), including relative movement in probability of default since initial recognition. There is therefore no direct relationship between credit quality and IFRS 9 stage classification.
Barclays Bank Group
As at 31 December 2022
Credit risk profile by internal PD grade for loans and advances at amortised cost (audited)
Gross carrying amountAllowance for ECLNet exposureCoverage ratio
PD rangeCredit quality descriptionStage 1Stage 2Stage 3TotalStage 1Stage 2Stage 3Total
Grading%£m£m£m£m£m£m£m£m£m%
1-30.0 to < 0.05%Strong57,324 845 5 58,174 2 15 3 20 58,154 — 
4-50.05 to < 0.15%Strong24,545 235 — 24,780 11 1 — 12 24,768 — 
6-80.15 to < 0.30%Strong14,893 4,348 — 19,241 24 16 — 40 19,201 0.2 
9-110.30 to < 0.60%Strong30,577 1,139 — 31,716 87 13 — 100 31,616 0.3 
12-140.60 to < 2.15%Satisfactory17,488 3,096 — 20,584 169 124 — 293 20,291 1.4 
15-192.15 to < 10%Satisfactory12,130 3,859 — 15,989 147 532 — 679 15,310 4.2 
1910 to < 11.35%Satisfactory6,227 2,640 — 8,867 199 96 — 295 8,572 3.3 
20-2111.35 to < 100%Higher Risk624 2,787 — 3,411 54 692 — 746 2,665 21.9 
22100%Credit Impaired— — 3,565 3,565 — — 1,635 1,635 1,930 45.9 
Total163,808 18,949 3,570 186,327 693 1,489 1,638 3,820 182,507 2.1 
As at 31 December 2021
Credit risk profile by internal PD grade for loans and advances at amortised cost (audited)
Gross carrying amountAllowance for ECLNet exposureCoverage ratio
PD rangeCredit quality descriptionStage 1Stage 2Stage 3TotalStage 1Stage 2Stage 3Total
Grading%£m£m£m£m£m£m£m£m£m%
1-30.0 to < 0.05%Strong52,756 855 — 53,611 280 6 — 286 53,325 0.5 
4-50.05 to < 0.15%Strong17,797 211 — 18,008 6 2 — 8 18,000 — 
6-80.15 to < 0.30%Strong10,764 1,220 — 11,984 15 7 — 22 11,962 0.2 
9-110.30 to < 0.60%Strong21,865 1,136 — 23,001 55 15 — 70 22,931 0.3 
12-140.60 to < 2.15%Satisfactory16,429 3,508 — 19,937 160 116 — 276 19,661 1.4 
15-192.15 to < 10%Satisfactory6,653 4,995 — 11,648 169 302 — 471 11,177 4.0 
1910 to < 11.35%Satisfactory2,156 1,276 — 3,432 39 252 — 291 3,141 8.5 
20-2111.35 to < 100%Higher Risk593 3,196 — 3,789 72 319 — 391 3,398 10.3 
22100%Credit Impaired— — 3,348 3,348 — — 1,684 1,684 1,664 50.3 
Total129,013 16,397 3,348 148,758 796 1,019 1,684 3,499 145,259 2.4 
As at 31 December 2022
Credit risk profile by internal PD grade for contingent liabilitiesa (audited)
Gross carrying amountAllowance for ECLNet exposureCoverage ratio
PD rangeCredit quality descriptionStage 1Stage 2Stage 3TotalStage 1Stage 2Stage 3Total
Grading%£m£m£m£m£m£m£m£m£m%
1-30.0 to < 0.05%Strong7,290 149 — 7,439 2 1 — 3 7,436 — 
4-50.05 to < 0.15%Strong4,210 348 — 4,558 2 1 — 3 4,555 0.1 
6-80.15 to < 0.30%Strong2,733 180 — 2,913 3 3 — 6 2,907 0.2 
9-110.30 to < 0.60%Strong3,161 214 — 3,375 8 1 — 9 3,366 0.3 
12-140.60 to < 2.15%Satisfactory1,989 751 — 2,740 21 6 — 27 2,713 1.0 
15-192.15 to < 10%Satisfactory910 496 — 1,406 8 17 — 25 1,381 1.8 
1910 to < 11.35%Satisfactory716 190 — 906 41 18 — 59 847 6.5 
20-2111.35 to < 100%Higher Risk58 440 — 498 2 64 — 66 432 13.3 
22100%Credit Impaired— — 542 542 — — 3 3 539 0.6 
Total21,067 2,768 542 24,377 87 111 3 201 24,176 0.8 
As at 31 December 2021
Credit risk profile by internal PD grade for contingent liabilitiesa (audited)
Gross carrying amountAllowance for ECLNet exposureCoverage ratio
PD rangeCredit quality descriptionStage 1Stage 2Stage 3TotalStage 1Stage 2Stage 3Total
Grading%£m£m£m£m£m£m£m£m£m%
1-30.0 to < 0.05%Strong8,240 172 — 8,412 2 1 — 3 8,409 — 
4-50.05 to < 0.15%Strong3,479 503 — 3,982 2 2 — 4 3,978 0.1 
6-80.15 to < 0.30%Strong1,996 199 — 2,195 2 2 — 4 2,191 0.2 
9-110.30 to < 0.60%Strong2,794 216 — 3,010 4 1 — 5 3,005 0.2 
12-140.60 to < 2.15%Satisfactory1,990 286 — 2,276 19 8 — 27 2,249 1.2 
15-192.15 to < 10%Satisfactory817 479 — 1,296 5 10 — 15 1,281 1.2 
1910 to < 11.35%Satisfactory607 254 — 861 21 42 — 63 798 7.3 
20-2111.35 to < 100%Higher Risk141 1,162 — 1,303 3 77 — 80 1,223 6.1 
22100%Credit Impaired— — 180 180 — — 1 1 179 0.6 
Total20,064 3,271 180 23,515 58 143 1 202 23,313 0.9 
As at 31 December 2022
Credit risk profile by internal PD grade for loan commitmentsa (audited)
Gross carrying amountAllowance for ECLNet exposureCoverage ratio
PD rangeCredit quality descriptionStage 1Stage 2Stage 3TotalStage 1Stage 2Stage 3Total
Grading%£m£m£m£m£m£m£m£m£m%
1-30.0 to < 0.05%Strong69,737 725 — 70,462 6 — — 6 70,456 0.1 
4-50.05 to < 0.15%Strong72,221 3,649 — 75,870 5 1 — 6 75,864 0.1 
6-80.15 to < 0.30%Strong59,350 2,258 — 61,608 12 2 — 14 61,594 0.2 
9-110.30 to < 0.60%Strong40,750 1,878 — 42,628 13 4 — 17 42,611 0.4 
12-140.60 to < 2.15%Satisfactory26,100 4,355 — 30,455 47 14 — 61 30,394 0.2 
15-192.15 to < 10%Satisfactory18,925 3,653 — 22,578 32 38 — 70 22,508 0.3 
1910 to < 11.35%Satisfactory10,241 2,754 — 12,995 29 27 — 56 12,939 0.4 
20-2111.35 to < 100%Higher Risk678 3,886 — 4,564 3 78 — 81 4,483 1.8 
22100%Credit Impaired— — 346 346 — — 20 20 326 5.8 
Total298,002 23,158 346 321,506 147 164 20 331 321,175 1.0 
As at 31 December 2021
Credit risk profile by internal PD grade for loan commitmentsa (audited)
Gross carrying amountAllowance for ECLNet exposureCoverage ratio
PD rangeCredit quality descriptionStage 1Stage 2Stage 3TotalStage 1Stage 2Stage 3Total
Grading%£m£m£m£m£m£m£m£m£m%
1-30.0 to < 0.05%Strong92,864 3,002 — 95,866 5 3 — 8 95,858 — 
4-50.05 to < 0.15%Strong55,979 5,345 — 61,324 10 5 — 15 61,309 — 
6-80.15 to < 0.30%Strong22,345 2,079 — 24,424 7 6 — 13 24,411 0.1 
9-110.30 to < 0.60%Strong23,445 2,312 — 25,757 5 5 — 10 25,747 — 
12-140.60 to < 2.15%Satisfactory23,189 3,240 — 26,429 79 23 — 102 26,327 0.4 
15-192.15 to < 10%Satisfactory6,362 2,749 — 9,111 20 21 — 41 9,070 0.5 
1910 to < 11.35%Satisfactory10,270 2,964 — 13,234 8 13 — 21 13,213 0.2 
20-2111.35 to < 100%Higher Risk2,196 6,669 — 8,865 11 55 — 66 8,799 0.7 
22100%Credit Impaired— — 870 870 — — 21 21 849 2.4 
Total236,650 28,360 870 265,880 145 131 21 297 265,583 0.1 
Notes
aExcludes loan commitments and financial guarantees carried at fair value of £14.9bn (2021: £18.8bn) for Barclays Bank Group.
Management Value at Risk (audited)
The daily average, high and low values of management VaR
Management VaR (95%, one day) (audited)
20222021
AverageHighLowAverageHighLow
For the year ended 31 December£m£m£m£m£m£m
Credit risk 25 71 8 14 30 7 
Interest rate risk 13 23 4 7 14 4 
Equity risk 10 29 4 9 29 4 
Basis risk 12 24 4 5 10 3 
Spread risk 7 11 3 4 6 3 
Foreign exchange risk 7 25 2 4 16 1 
Commodity risk — 1 — — 1 — 
Inflation risk 7 17 3 3 5 2 
Diversification effecta
(45)n/an/a(27)n/an/a
Total management VaR36 72 14 19 36 6 
Note
aDiversification effects recognise that forecast losses from different assets or businesses are unlikely to occur concurrently, hence the expected aggregate loss is lower than the sum of the expected losses from each area. Historical correlations between losses are taken into account in making these assessments. The high and low VaR figures reported for each category did not necessarily occur on the same day as the high and low VaR reported as a whole. Consequently, a diversification effect balance for the high and low VaR figures would not be meaningful and is therefore omitted from the above table.
Contractual maturity of financial assets and liabilities (audited)
The table below provides detail on the contractual maturity of all financial instruments and other assets and liabilities. Derivatives (other than those designated in a hedging relationship) and trading portfolio assets and liabilities are included in the ‘on demand’ column at their fair value. Liquidity risk on these items is not managed on the basis of contractual maturity since these items are not held for settlement according to such maturity and will frequently be settled before contractual maturity at fair value. Derivatives designated in a hedging relationship are included according to their contractual maturity.
Contractual maturity of financial assets and liabilities (audited)
Barclays Bank Group On
demand 		 Not more
than three
months 		 Over three
months but
not more
than six
months 		 Over six
months but
not more
than nine months 		 Over nine
months but
not more
than one year 		 Over one
year
but not
more than
two years 		 Over two
years but
not more
than three
years 		 Over three
years but
not more
than five
years 		 Over five
years but
not more
than ten
years 		 Over ten
years 		 Total
As at 31 December 2022 £m  £m  £m  £m  £m  £m  £m  £m  £m  £m  £m
Assets
Cash and balances at central banks201,888 254 — — — — — — — — 202,142 
Cash collateral and settlement balances3,010 104,852 — — — — — — — — 107,862 
Loans and advances at amortised cost15,961 11,458 7,606 7,082 10,261 29,637 23,135 39,498 17,385 20,484 182,507 
Reverse repurchase agreements and other similar secured lending127 597 — — — — — — — 1 725 
Trading portfolio assets133,771 — — — — — — — — — 133,771 
Financial assets at fair value through the income statement32,032 147,655 7,003 4,842 2,036 6,361 4,561 2,909 1,769 1,960 211,128 
Derivative financial instruments302,665 91 19 — 4 — 174 — — 23 302,976 
Financial assets at fair value through other comprehensive income8 3,391 2,871 583 132 6,991 4,654 11,493 8,161 6,800 45,084 
Other financial assets285 1,062 112 — 43 — — 1 — — 1,503 
Total financial assets689,747 269,360 17,611 12,507 12,476 42,989 32,524 53,901 27,315 29,268 1,187,698 
Other assets15,839 
Total assets1,203,537 
Liabilities
Deposits at amortised cost196,398 62,314 18,918 4,384 6,425 911 373 621 996 239 291,579 
Cash collateral and settlement balances3,013 93,798 — — — — — — — — 96,811 
Repurchase agreements and other similar secured borrowing256 9,578 — — 943 1,105 — — — 83 11,965 
Debt securities in issue— 27,136 12,516 4,691 5,368 3,528 1,241 1,501 3,663 368 60,012 
Subordinated liabilities— 17 240 974 1,105 4,369 4,782 9,001 10,288 7,477 38,253 
Trading portfolio liabilities72,460 — — — — — — — — — 72,460 
Financial liabilities designated at fair value10,844 187,160 14,352 5,292 3,812 13,992 10,547 8,528 6,708 10,820 272,055 
Derivative financial instruments288,398 15 58 4 — 137 85 112 56 341 289,206 
Other financial liabilities56 7,176 17 18 17 164 59 117 161 21 7,806 
Total financial liabilities571,425 387,194 46,101 15,363 17,670 24,206 17,087 19,880 21,872 19,349 1,140,147 
Other liabilities4,437 
Total liabilities1,144,584 
Cumulative liquidity gap118,322 488 (28,002)(30,858)(36,052)(17,269)(1,832)32,189 37,632 47,551 58,953 
Contractual maturity of financial assets and liabilities (audited)
Barclays Bank Group On
demand 		 Not more
than three
months 		 Over three
months but
not more
than six
months 		 Over six
months but
not more
than nine
months 		 Over nine
months but
not more
than one
year 		 Over one
year
but not
more than
two years 		 Over two
years but
not more
than three
years 		 Over three
years but
not more
than five
years 		 Over five
years but
not more
than ten
years 		 Over ten
years 		 Total
As at 31 December 2021 £m  £m  £m  £m  £m  £m  £m  £m  £m  £m  £m
Assets
Cash and balances at central banks168,881 204 — — — — — — — — 169,085 
Cash collateral and settlement balances2,743 85,342 — — — — — — — — 88,085 
Loans and advances at amortised cost17,470 7,855 6,745 4,238 9,611 19,162 20,813 27,416 14,420 17,529 145,259 
Reverse repurchase agreements and other similar secured lending58 2,934 — — — 184 — — — 1 3,177 
Trading portfolio assets146,871 — — — — — — — — — 146,871 
Financial assets at fair value through the income statement24,174 127,244 9,280 7,036 3,336 5,351 5,376 2,062 1,996 2,371 188,226 
Derivative financial instruments262,046 36 1 — — — — 184 15 9 262,291 
Financial assets at fair value through other comprehensive income— 3,194 1,080 449 547 2,656 5,389 10,093 13,823 8,677 45,908 
Other financial assets607 255 130 2 — — — — — — 994 
Total financial assets622,850 227,064 17,236 11,725 13,494 27,353 31,578 39,755 30,254 28,587 1,049,896 
Other assets11,882 
Total assets1,061,778 
Liabilities
Deposits at amortised cost201,501 41,632 12,380 1,920 2,898 558 435 242 1,031 231 262,828 
Cash collateral and settlement balances2,951 76,096 — — — — — — — — 79,047 
Repurchase agreements and other similar secured borrowing20 5,022 — — — 3,216 4,424 — — 87 12,769 
Debt securities in issue— 18,274 12,150 5,845 3,254 463 3,319 1,792 2,654 637 48,388 
Subordinated liabilities— 1,005 — 74 1,243 7,030 2,251 5,714 8,490 6,378 32,185 
Trading portfolio liabilities53,291 — — — — — — — — — 53,291 
Financial liabilities designated at fair value21,339 158,078 16,857 10,267 3,588 6,534 6,114 7,734 7,366 13,254 251,131 
Derivative financial instruments255,471 4 22 — 2 121 151 279 111 362 256,523 
Other financial liabilities87 3,656 15 15 12 443 52 102 183 27 4,592 
Total financial liabilities534,660 303,767 41,424 18,121 10,997 18,365 16,746 15,863 19,835 20,976 1,000,754 
Other liabilities4,707 
Total liabilities1,005,461 
Cumulative liquidity gap88,190 11,487 (12,701)(19,097)(16,600)(7,612)7,220 31,112 41,531 49,142 56,317 
Contractual maturity of financial liabilities - undiscounted (audited)
The following table presents the cash flows payable by the Barclays Bank Group under financial liabilities by remaining contractual maturities at the balance sheet date. The amounts disclosed in the table are the contractual undiscounted cash flows of all financial liabilities (i.e. nominal values).
The balances in the below table do not agree directly to the balances in the consolidated balance sheet as the table incorporates all cash flows, on an undiscounted basis, related to both principal as well as those associated with all future coupon payments.
Derivative financial instruments held for trading and trading portfolio liabilities are included in the on demand column at their fair value.
Contractual maturity of financial liabilities - undiscounted (audited)
Barclays Bank Group On
demand 		 Not more
than three
months 		 Over three
months but
not more
than six
months 		 Over six
months but
not more
than one year 		 Over one
year
but not
more than
three years 		 Over three
years but
not more
than five
years 		 Over five
years but
not more
than ten
years 		 Over ten
years 		 Total
 £m  £m  £m  £m  £m  £m  £m  £m  £m
As at 31 December 2022
Deposits at amortised cost196,398 62,524 18,918 10,943 1,302 621 1,113 376 292,195 
Cash collateral and settlement balances3,013 93,986 — — — — — — 96,999 
Repurchase agreements and other similar secured borrowing256 9,587 — 946 1,184 — — 252 12,225 
Debt securities in issue— 27,234 12,615 10,301 4,932 1,732 4,773 651 62,238 
Subordinated liabilities— 17 245 2,108 9,504 10,165 12,961 14,063 49,063 
Trading portfolio liabilities72,460 — — — — — — — 72,460 
Financial liabilities designated at fair value10,844 187,553 14,905 9,399 25,654 9,847 8,345 23,853 290,400 
Derivative financial instruments288,398 19 60 4 244 131 71 722 289,649 
Other financial liabilities56 7,179 21 43 251 139 180 24 7,893 
Total financial liabilities571,425 388,099 46,764 33,744 43,071 22,635 27,443 39,941 1,173,122 
As at 31 December 2021
Deposits at amortised cost201,501 41,632 12,380 4,818 996 240 1,048 261 262,876 
Cash collateral and settlement balances2,951 76,096 — — — — — — 79,047 
Repurchase agreements and other similar secured borrowing20 5,022 — — 7,798 — — 146 12,986 
Debt securities in issue— 18,293 12,168 9,075 3,879 1,832 2,938 744 48,929 
Subordinated liabilities— 1,061 0 1,404 9,328 5,917 8,918 8,752 35,380 
Trading portfolio liabilities53,291 — — — — — — — 53,291 
Financial liabilities designated at fair value21,339 158,249 16,887 13,945 12,939 8,043 7,544 21,098 260,044 
Derivative financial instruments255,471 4 22 2 276 291 122 449 256,637 
Other financial liabilities87 3,658 19 38 526 122 208 29 4,687 
Total financial liabilities534,660 304,015 41,476 29,282 35,742 16,445 20,778 31,479 1,013,877 
Maturity analysis of off-balance sheet commitments received (audited)
Maturity analysis of off-balance sheet commitments received (audited)
 On
demand 		 Not more than three months  Over three months but not more than six months  Over six months but not more than nine months  Over nine months but not more than one year  Over one year but not more than two years  Over two years but not more than three years  Over three years but not more than five years  Over five years but not more than ten years  Over ten years  Total
Barclays Bank Group £m  £m  £m  £m  £m  £m  £m  £m  £m  £m  £m
As at 31 December 2022
Guarantees, letters of credit and credit insurance7,222 92 102 10 46 16 37 76 96 1 7,698 
Other commitments received7,473 — — — — — — — — — 7,473 
Total off-balance sheet commitments received14,695 92 102 10 46 16 37 76 96 1 15,171 
As at 31 December 2021
Guarantees, letters of credit and credit insurance7,258 31 21 10 12 4 12 83 65 19 7,515 
Other commitments received455 — — — — — — — — — 455 
Total off-balance sheet commitments received7,713 31 21 10 12 4 12 83 65 19 7,970 
Maturity analysis of off-balance sheet commitments given (audited)
Maturity analysis of off-balance sheet commitments given (audited)
 On
demand 		 Not more than three months  Over three months but not more than six months  Over six months but not more than nine months  Over nine months but not more than one year  Over one year but not more than two years  Over two years but not more than three years  Over three years but not more than five years  Over five years but not more than ten years  Over ten years  Total
Barclays Bank Group £m  £m  £m  £m  £m  £m  £m  £m  £m  £m  £m
As at 31 December 2022
Contingent liabilities and financial guarantees25,698 86 14 1 — 1 — — — — 25,800 
Documentary credits and other short-term trade related transactions1,740 3 5 — — — — — — — 1,748 
Standby facilities, credit lines and other commitments333,192 — — — — 37 — — — — 333,229 
Total off-balance sheet commitments given360,630 89 19 1 — 38 — — — — 360,777 
As at 31 December 2021
Contingent liabilities and financial guarantees23,607 135 4 0 0 0 — — — — 23,746 
Documentary credits and other short-term trade related transactions1,582 2 — — — — — — — — 1,584 
Standby facilities, credit lines and other commitments282,867 — — — — — — — — — 282,867 
Total off-balance sheet commitments given308,056 137 4 — — — — — — — 308,197 
Functional currency of the operation (audited)
Functional currency of operations (audited)
Foreign currency net investmentsBorrowings which hedge the net investmentsDerivatives which hedge the net investmentsStructural currency exposures pre- economic hedgesEconomic hedgesRemaining structural currency exposures
£m£m£m£m£m£m
As at 31 December 2022
USD27,523 (5,973)(2,086)19,464 (8,376)11,088 
EUR9,673 (2,395)(3)7,275 (283)6,992 
JPY689 — (197)492 — 492 
Other3,010 — (1,602)1,408 (279)1,129 
Total40,895 (8,368)(3,888)28,639 (8,938)19,701 
As at 31 December 2021
USD26,023 (5,512)(2,356)18,155 (7,111)11,044 
EUR8,342 (1,324)(3)7,015 (267)6,748 
JPY614 (97)— 517 — 517 
Other2,085 — (64)2,021 — 2,021 
Total37,064 (6,933)(2,423)27,708 (7,378)20,330 
Sensitivity analysis to changes in risk exposures that arise from contracts within scope of IFRS 17
Net Interest Income sensitivity (AEaR) by currency (audited)20222021
+25 basis
points		-25 basis
points		+25 basis
points		-25 basis
points
Barclays Bank Group£m£m£m£m
GBP(6)4 21 (37)
USD38 (41)55 (59)
EUR4 (4)(5)(4)
Other currencies(11)12 (3)1 
Total25 (29)68 (99)
Analysis of equity sensitivity (audited)31 December 202231 December 2021
+25 basis
points		-25 basis
points		+25 basis
points		-25 basis
points
Barclays Bank Group£m£m£m£m
Net interest income25(29)68(99)
Taxation effects on the above(4)5(12)18
Effect on profit for the year21(24)56(81)
As percentage of net profit after tax0.5%(0.5%)1.2%(1.8%)
Effect on profit for the year (per above)21(24)56(81)
Fair value through other comprehensive income reserve(367)368(449)380
Cash flow hedge reserve(625)625(626)626
Taxation effects on the above268(268)290(272)
Effect on equity(703)701(729)653
As percentage of equity(1.2%)1.2%(1.3%)1.2%