v3.25.2
Fair value of financial instruments - Analysis of movements in Level 3 assets and liabilities (Details) - GBP (£)
£ in Millions
6 Months Ended
Jun. 30, 2025
Jun. 30, 2024
Dec. 31, 2024
Net assets (liabilities) [abstract]      
Derivative financial instruments £ 279,671   £ 292,356
Derivative financial liabilities (265,289)   (279,331)
Significant unobservable inputs (Level 3)      
Financial assets      
Beginning balance, financial assets 21,862    
Ending balance, financial assets 21,435    
Financial liabilities      
Beginning balance, financial liabilities (6,817)    
Ending balance, financial liabilities (6,116)    
Net assets (liabilities) [abstract]      
Derivative financial instruments 1,983   2,073
Derivative financial liabilities (2,861)   £ (3,181)
Recurring fair value measurement | Significant unobservable inputs (Level 3)      
Net assets (liabilities) [abstract]      
Beginning balance, assets (liabilities), net 15,045 £ 9,962  
Purchases, fair value measurement, assets (liabilities), net 7,047 7,491  
Sales, fair value measurement, assets (liabilities), net (5,725) (1,997)  
Issues, fair value measurement, assets (liabilities), net (617) (647)  
Settlements, fair value measurement, assets (liabilities), net (1,589) (1,151)  
Total gains (losses) recognised in OCI, assets (liabilities), net 0 0  
Transfers into Level 3 of fair value hierarchy, assets (liabilities), net 509 446  
Transfers out of Level 3 of fair value hierarchy, assets (liabilities), net 325 (157)  
Ending balance, assets (liabilities), net 15,319 13,778  
Derivative financial instruments 1,983 2,821  
Derivative financial liabilities (2,861) (4,335)  
Recurring fair value measurement | Significant unobservable inputs (Level 3) | Trading portfolio assets      
Financial assets      
Beginning balance, financial assets 10,115 6,509  
Purchases, fair value measurement, assets 4,125 3,113  
Sales, fair value measurement, assets (3,524) (1,007)  
Issues, fair value measurement, assets 0 0  
Settlements, fair value measurement, assets (1,147) (714)  
Total gains (losses) recognised in OCI, assets 0 0  
Transfers into Level 3 of fair value hierarchy, assets 439 1,046  
Transfers out of Level 3 of fair value hierarchy, assets (265) (214)  
Ending balance, financial assets 9,879 8,726  
Recurring fair value measurement | Significant unobservable inputs (Level 3) | Financial assets at fair value through the income statement      
Financial assets      
Beginning balance, financial assets 5,991 5,368  
Purchases, fair value measurement, assets 2,388 2,732  
Sales, fair value measurement, assets (1,170) (1,006)  
Issues, fair value measurement, assets 0 0  
Settlements, fair value measurement, assets (469) (282)  
Total gains (losses) recognised in OCI, assets 0 0  
Transfers into Level 3 of fair value hierarchy, assets 63 290  
Transfers out of Level 3 of fair value hierarchy, assets (280) (106)  
Ending balance, financial assets 6,387 7,024  
Recurring fair value measurement | Significant unobservable inputs (Level 3) | Financial assets at fair value through other comprehensive income      
Financial assets      
Beginning balance, financial assets 3,674 776  
Purchases, fair value measurement, assets 566 1,854  
Sales, fair value measurement, assets (1,399) (42)  
Issues, fair value measurement, assets 0 0  
Settlements, fair value measurement, assets (6) 0  
Total gains (losses) recognised in OCI, assets 0 0  
Transfers into Level 3 of fair value hierarchy, assets 277 0  
Transfers out of Level 3 of fair value hierarchy, assets 0 (200)  
Ending balance, financial assets 3,144 2,400  
Recurring fair value measurement | Significant unobservable inputs (Level 3) | Financial assets at fair value through profit or loss, category trading | Trading portfolio assets      
Financial assets      
Total gains and (losses) in the period recognised in the income statement, assets 136 (7)  
Recurring fair value measurement | Significant unobservable inputs (Level 3) | Financial assets at fair value through profit or loss, category trading | Financial assets at fair value through the income statement      
Financial assets      
Total gains and (losses) in the period recognised in the income statement, assets (117) (6)  
Recurring fair value measurement | Significant unobservable inputs (Level 3) | Financial assets at fair value through profit or loss, category trading | Financial assets at fair value through other comprehensive income      
Financial assets      
Total gains and (losses) in the period recognised in the income statement, assets 3 1  
Recurring fair value measurement | Significant unobservable inputs (Level 3) | Financial assets at fair value through profit or loss, category other income | Trading portfolio assets      
Financial assets      
Total gains and (losses) in the period recognised in the income statement, assets 0 0  
Recurring fair value measurement | Significant unobservable inputs (Level 3) | Financial assets at fair value through profit or loss, category other income | Financial assets at fair value through the income statement      
Financial assets      
Total gains and (losses) in the period recognised in the income statement, assets (19) 34  
Recurring fair value measurement | Significant unobservable inputs (Level 3) | Financial assets at fair value through profit or loss, category other income | Financial assets at fair value through other comprehensive income      
Financial assets      
Total gains and (losses) in the period recognised in the income statement, assets 29 11  
Recurring fair value measurement | Significant unobservable inputs (Level 3) | Net assets (liabilities) at fair value through profit or loss, category trading income      
Net assets (liabilities) [abstract]      
Total gains (losses) in the period recognised in the income statement, assets (liabilities), net 313 (214)  
Recurring fair value measurement | Significant unobservable inputs (Level 3) | Net assets (liabilities) at fair value through profit or loss, category other income      
Net assets (liabilities) [abstract]      
Total gains (losses) in the period recognised in the income statement, assets (liabilities), net 11 45  
Recurring fair value measurement | Investment property | Significant unobservable inputs (Level 3)      
Financial assets      
Beginning balance, financial assets 9 2  
Purchases, fair value measurement, assets 33 0  
Sales, fair value measurement, assets 0 (1)  
Issues, fair value measurement, assets 0 0  
Settlements, fair value measurement, assets 0 0  
Total gains (losses) recognised in OCI, assets 0 0  
Transfers into Level 3 of fair value hierarchy, assets 0 0  
Transfers out of Level 3 of fair value hierarchy, assets 0 0  
Ending balance, financial assets 42 1  
Recurring fair value measurement | Investment property | Significant unobservable inputs (Level 3) | Financial assets at fair value through profit or loss, category trading      
Financial assets      
Total gains and (losses) in the period recognised in the income statement, assets 0 0  
Recurring fair value measurement | Investment property | Significant unobservable inputs (Level 3) | Financial assets at fair value through profit or loss, category other income      
Financial assets      
Total gains and (losses) in the period recognised in the income statement, assets 0 0  
Recurring fair value measurement | Net derivative financial instruments | Significant unobservable inputs (Level 3)      
Net assets (liabilities) [abstract]      
Beginning balance, assets (liabilities), net (1,108) (1,113)  
Purchases, fair value measurement, assets (liabilities), net (19) (181)  
Sales, fair value measurement, assets (liabilities), net 249 33  
Issues, fair value measurement, assets (liabilities), net 0 (19)  
Settlements, fair value measurement, assets (liabilities), net 2 (171)  
Total gains (losses) recognised in OCI, assets (liabilities), net 0 0  
Transfers into Level 3 of fair value hierarchy, assets (liabilities), net (34) 21  
Transfers out of Level 3 of fair value hierarchy, assets (liabilities), net (135) 109  
Ending balance, assets (liabilities), net (878) (1,514)  
Recurring fair value measurement | Net derivative financial instruments | Significant unobservable inputs (Level 3) | Net assets (liabilities) at fair value through profit or loss, category trading income      
Net assets (liabilities) [abstract]      
Total gains (losses) in the period recognised in the income statement, assets (liabilities), net 166 (193)  
Recurring fair value measurement | Net derivative financial instruments | Significant unobservable inputs (Level 3) | Net assets (liabilities) at fair value through profit or loss, category other income      
Net assets (liabilities) [abstract]      
Total gains (losses) in the period recognised in the income statement, assets (liabilities), net 1 0  
Trading portfolio liabilities | Recurring fair value measurement | Significant unobservable inputs (Level 3)      
Financial liabilities      
Beginning balance, financial liabilities (395) (368)  
Purchases, fair value measurement, liabilities (46) (28)  
Sales, fair value measurement, liabilities 28 17  
Issues, fair value measurement, liabilities 0 0  
Settlements, fair value measurement, liabilities 0 0  
Total gains (losses) recognised in OCI, liabilities 0 0  
Transfers into Level 3 of fair value hierarchy, liabilities (57) (30)  
Transfers out of Level 3 of fair value hierarchy, liabilities 9 6  
Ending balance, financial liabilities (424) (385)  
Trading portfolio liabilities | Recurring fair value measurement | Significant unobservable inputs (Level 3) | Financial liabilities at fair value through profit or loss, category trading      
Financial liabilities      
Total gains (losses) in the period recognised in the income statement, liabilities 37 18  
Trading portfolio liabilities | Recurring fair value measurement | Significant unobservable inputs (Level 3) | Financial liabilities at fair value through profit or loss, category other income      
Financial liabilities      
Total gains (losses) in the period recognised in the income statement, liabilities 0 0  
Financial liabilities designated at fair value | Recurring fair value measurement | Significant unobservable inputs (Level 3)      
Financial liabilities      
Beginning balance, financial liabilities (3,241) (1,212)  
Purchases, fair value measurement, liabilities 0 1  
Sales, fair value measurement, liabilities 91 9  
Issues, fair value measurement, liabilities (617) (628)  
Settlements, fair value measurement, liabilities 31 16  
Total gains (losses) recognised in OCI, liabilities 0 0  
Transfers into Level 3 of fair value hierarchy, liabilities (179) (881)  
Transfers out of Level 3 of fair value hierarchy, liabilities 996 248  
Ending balance, financial liabilities (2,831) (2,474)  
Financial liabilities designated at fair value | Recurring fair value measurement | Significant unobservable inputs (Level 3) | Financial liabilities at fair value through profit or loss, category trading      
Financial liabilities      
Total gains (losses) in the period recognised in the income statement, liabilities 88 (27)  
Financial liabilities designated at fair value | Recurring fair value measurement | Significant unobservable inputs (Level 3) | Financial liabilities at fair value through profit or loss, category other income      
Financial liabilities      
Total gains (losses) in the period recognised in the income statement, liabilities £ 0 £ 0