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Non-interest income (Tables)
 12 Months Ended
Dec. 31, 2020
Non-interest income  
Schedule of Non-interest income

2 Non-interest income

 

 

 

 

 

 

 

 

 

    
2020

    
2019

    
2018

 

 

£m

 

£m

 

£m

Net fees and commissions (1)

 

2,012

 

2,511

 

2,357

Income from trading activities

 

 

 

 

 

 

Foreign exchange

 

569

 

448

 

643

Interest rate

 

541

 

532

 

695

Credit

 

 3

 

32

 

45

Changes in fair value of own debt and derivative liabilities attributable to own credit risk

 

 

 

 

 

 

 - debt securities in issue

 

(24)

 

(60)

 

72

 - derivative liabilities

 

—

 

(20)

 

20

Equities, commodities and other

 

36

 

 —

 

32

 

 

1,125

 

932

 

1,507

 

 

 

 

 

 

 

Other operating income

 

 

 

 

 

 

Loss on redemption of own debt

 

(324)

 

 —

 

 —

Operating lease and other rental income

 

232

 

250

 

256

Changes in the fair value of financial assets and liabilities designated at fair value through profit or loss(2)

 

(54)

 

(17)

 

(26)

Changes in fair value of other financial assets at fair value through profit or loss (3)

 

 2

 

58

 

18

Hedge ineffectiveness

 

24

 

48

 

(65)

(Loss)/profit on disposal of amortised cost assets

 

(18)

 

42

 

44

Profit/(loss) on disposal of fair value through other comprehensive income assets

 

96

 

(22)

 

34

Profit on sale of property, plant and equipment

 

13

 

58

 

50

Share of (losses)/profits of associated entities

 

(30)

 

(14)

 

83

(Loss)/profit on disposal of subsidiaries and associates (4)

 

(16)

 

2,224

 

(72)

Other income (5, 6)

 

(15)

 

136

 

560

 

 

(90)

 

2,763

 

882

 

 

3,047

 

6,206

 

4,746

 

Notes:

(1)

Refer to Note 4 for further analysis.

(2)

Including related derivatives.

(3)

Includes instruments that have failed SPPI testing under IFRS 9.

(4)

2019 includes a gain of £444 million(€523 million), a legacy liability release of £256 million and an FX recycling gain of £290 million on completion of the Alawwal bank merger in June 2019; In 2019, £1,102 million of FX recycling gains arising on the liquidation of RFS Holdings BV and £67 million in relation to a capital repayment by UBI DAC. The recycling gains and capital repayment have been calculated using the step-by-step method in IFRIC 16 and by reference to the proportion of equity applied to the FX translation reserve.

(5)

Includes income from activities other than banking. 2018 includes insurance recoveries of £357 million.

(6)

2020 includes £58 million loss on acquisition of a £3.0 billion prime UK mortgages portfolio from Metro Bank plc.