v3.25.2
Report of the directors financial review risk report - Reconciliation of gross carrying/notional amount and allow. for loans and advances to banks and customers incl. loan commitments and financial guarantees (Details)
£ in Millions, $ in Millions
 6 Months Ended 12 Months Ended
Jun. 30, 2025
GBP (£)
Jun. 30, 2025
USD ($)
Dec. 31, 2024
GBP (£)
Dec. 31, 2024
USD ($)
Financial instruments including loan commitments and financial guarantees        
Increase (decrease) in financial assets [abstract]        
Total ECL income statement change for the period | $   $ (75)   $ (163)
Financial instruments including loan commitments and financial guarantees | IFRS 9        
Increase (decrease) in financial assets [abstract]        
Total ECL income statement change for the period | $   (74)   (162)
Loans and advances to bank and customers including loan commitments and financial guarantees        
Increase (decrease) in financial assets [abstract]        
ECL income statement change for the period £ (55)   £ (169)  
Total ECL income statement change for the period (76) (76) (154) (154)
Other financial assets measured at amortised cost | Other financial assets measured at amortised cost | IFRS 9        
Increase (decrease) in financial assets [abstract]        
Total ECL income statement change for the period | $   0   (6)
Performance and other guarantee not considered for IFRS 9 | IFRS 9        
Increase (decrease) in financial assets [abstract]        
Total ECL income statement change for the period | $   2   (2)
Debt instruments measured at fair value through other comprehensive income (‘FVOCI’) | Debt instruments measured at fair value through other comprehensive income (‘FVOCI’)        
Increase (decrease) in financial assets [abstract]        
Total ECL income statement change for the period | $   (1)   (1)
Loans and advances to customers        
Increase (decrease) in financial assets [abstract]        
Financial assets, beginning balance 82,666      
Financial assets, ending balance 78,881   82,666  
12-month expected credit losses | Non-credit impaired | Loans and advances to bank and customers including loan commitments and financial guarantees        
Increase (decrease) in financial assets [abstract]        
Foreign exchange 2,100   (770)  
ECL income statement change for the period 10   58  
Lifetime expected credit losses | Non-credit impaired | Loans and advances to bank and customers including loan commitments and financial guarantees        
Increase (decrease) in financial assets [abstract]        
ECL income statement change for the period (13)   (33)  
Lifetime expected credit losses | Credit impaired | Loans and advances to bank and customers including loan commitments and financial guarantees        
Increase (decrease) in financial assets [abstract]        
ECL income statement change for the period (51)   (182)  
Lifetime expected credit losses | POCI | Loans and advances to bank and customers including loan commitments and financial guarantees        
Increase (decrease) in financial assets [abstract]        
ECL income statement change for the period (1)   (12)  
Gross carrying/ nominal amount | Other financial assets measured at amortised cost        
Increase (decrease) in financial assets [abstract]        
Financial assets, beginning balance 460,163      
Financial assets, ending balance 487,895   460,163  
Gross carrying/ nominal amount | Other financial assets measured at amortised cost | IFRS 9        
Increase (decrease) in financial assets [abstract]        
Financial assets, beginning balance 335,523      
Financial assets, ending balance 339,419   335,523  
Gross carrying/ nominal amount | Other financial assets measured at amortised cost | IFRS 9 | – assets held for sale        
Increase (decrease) in financial assets [abstract]        
Financial assets, beginning balance 2,591      
Financial assets, ending balance 3,473   2,591  
Gross carrying/ nominal amount | Financial instruments including loan commitments and financial guarantees | IFRS 9        
Increase (decrease) in financial assets [abstract]        
Financial assets, beginning balance | $   460,163    
Financial assets, ending balance | $   487,895   460,163
Gross carrying/ nominal amount | Loans and advances to bank and customers including loan commitments and financial guarantees        
Increase (decrease) in financial assets [abstract]        
Financial assets, beginning balance 190,013 190,013 180,264  
Net new and further lending/repayments (2,340)   8,778  
Assets written off (259)   (257)  
Foreign exchange 3,733   (5,344)  
Others (4,178)   6,572  
Financial assets, ending balance 186,972 186,972 190,013 190,013
Gross carrying/ nominal amount | Other financial assets measured at amortised cost | Other financial assets measured at amortised cost        
Increase (decrease) in financial assets [abstract]        
Financial assets, beginning balance 237,475      
Financial assets, ending balance 244,062   237,475  
Gross carrying/ nominal amount | Other financial assets measured at amortised cost | Other financial assets measured at amortised cost | IFRS 9        
Increase (decrease) in financial assets [abstract]        
Financial assets, beginning balance 237,475 237,475    
Financial assets, ending balance 244,062 244,062 237,475 237,475
Gross carrying/ nominal amount | Non-trading reverse purchase agreement commitments | IFRS 9        
Increase (decrease) in financial assets [abstract]        
Financial assets, beginning balance | $   32,675    
Financial assets, ending balance | $   56,861   32,675
Gross carrying/ nominal amount | Non-trading reverse purchase agreement commitments | Other financial assets measured at amortised cost | IFRS 9        
Increase (decrease) in financial assets [abstract]        
Financial assets, beginning balance 53,612      
Financial assets, ending balance 68,408   53,612  
Gross carrying/ nominal amount | Debt instruments measured at fair value through other comprehensive income (‘FVOCI’) | Debt instruments measured at fair value through other comprehensive income (‘FVOCI’)        
Increase (decrease) in financial assets [abstract]        
Financial assets, beginning balance 46,649 46,649    
Financial assets, ending balance 52,547 52,547 46,649 46,649
Gross carrying/ nominal amount | Debt instruments measured at fair value through other comprehensive income (‘FVOCI’) | Debt instruments measured at fair value through other comprehensive income (‘FVOCI’) | – assets held for sale        
Increase (decrease) in financial assets [abstract]        
Financial assets, beginning balance 6,776      
Financial assets, ending balance 11,574   6,776  
Gross carrying/ nominal amount | Loans and advances to customers and banks | – assets held for sale        
Increase (decrease) in financial assets [abstract]        
Others (700)      
Gross carrying/ nominal amount | Loans and advances to customers and banks | Other financial assets measured at amortised cost        
Increase (decrease) in financial assets [abstract]        
Financial assets, beginning balance 98,048      
Financial assets, ending balance 95,357   98,048  
Gross carrying/ nominal amount | Loans and advances to customers and banks | Other financial assets measured at amortised cost | Discontinued operations        
Increase (decrease) in financial assets [abstract]        
Financial assets, beginning balance 887      
Financial assets, ending balance 1,575   887  
Gross carrying/ nominal amount | Loans and advances to customers | – assets held for sale        
Increase (decrease) in financial assets [abstract]        
Others (5,600)      
Gross carrying/ nominal amount | Loans and advances to customers | Other financial assets measured at amortised cost        
Increase (decrease) in financial assets [abstract]        
Financial assets, beginning balance 83,524      
Financial assets, ending balance 79,551   83,524  
Gross carrying/ nominal amount | Loans and advances to customers | Other financial assets measured at amortised cost | IFRS 9        
Increase (decrease) in financial assets [abstract]        
Financial assets, beginning balance 83,524      
Financial assets, ending balance 79,551   83,524  
Gross carrying/ nominal amount | Credit impaired | Loans and advances to bank and customers including loan commitments and financial guarantees        
Increase (decrease) in financial assets [abstract]        
Transfers of financial instruments: 3      
– transfers to stage 3 2      
– transfers from stage 3 1      
Gross carrying/ nominal amount | 12-month expected credit losses | Non-credit impaired | Other financial assets measured at amortised cost        
Increase (decrease) in financial assets [abstract]        
Financial assets, beginning balance 447,226      
Financial assets, ending balance 477,851   447,226  
Gross carrying/ nominal amount | 12-month expected credit losses | Non-credit impaired | Loans and advances to bank and customers including loan commitments and financial guarantees        
Increase (decrease) in financial assets [abstract]        
Financial assets, beginning balance 177,176   162,228  
Transfers of financial instruments: 834   2,460  
– transfers from stage 1 to stage 2 (4,377)   (7,440)  
– transfers from stage 2 to stage 1 5,318   10,182  
– transfers to stage 3 (111)   (390)  
– transfers from stage 3 4   108  
Net new and further lending/repayments (449)   10,816  
Foreign exchange 3,456   (4,916)  
Others (4,006)   6,588  
Financial assets, ending balance 177,011   177,176  
Gross carrying/ nominal amount | 12-month expected credit losses | Non-credit impaired | Other financial assets measured at amortised cost | Other financial assets measured at amortised cost        
Increase (decrease) in financial assets [abstract]        
Financial assets, beginning balance 237,375      
Financial assets, ending balance 243,979   237,375  
Gross carrying/ nominal amount | 12-month expected credit losses | Non-credit impaired | Loans and advances to customers | Other financial assets measured at amortised cost        
Increase (decrease) in financial assets [abstract]        
Financial assets, beginning balance 75,844      
Financial assets, ending balance 72,761   75,844  
Gross carrying/ nominal amount | Lifetime expected credit losses | Non-credit impaired | Other financial assets measured at amortised cost        
Increase (decrease) in financial assets [abstract]        
Financial assets, beginning balance 10,553      
Financial assets, ending balance 8,082   10,553  
Gross carrying/ nominal amount | Lifetime expected credit losses | Non-credit impaired | Loans and advances to bank and customers including loan commitments and financial guarantees        
Increase (decrease) in financial assets [abstract]        
Financial assets, beginning balance 10,494   15,445  
Transfers of financial instruments: (987)   (3,223)  
– transfers from stage 1 to stage 2 4,377   7,440  
– transfers from stage 2 to stage 1 (5,318)   (10,182)  
– transfers to stage 3 (149)   (649)  
– transfers from stage 3 103   168  
Net new and further lending/repayments (1,551)   (1,409)  
Foreign exchange 231   (345)  
Others (153)   26  
Financial assets, ending balance 8,034   10,494  
Gross carrying/ nominal amount | Lifetime expected credit losses | Non-credit impaired | Other financial assets measured at amortised cost | Other financial assets measured at amortised cost        
Increase (decrease) in financial assets [abstract]        
Financial assets, beginning balance 59      
Financial assets, ending balance 48   59  
Gross carrying/ nominal amount | Lifetime expected credit losses | Non-credit impaired | Loans and advances to customers | Other financial assets measured at amortised cost        
Increase (decrease) in financial assets [abstract]        
Financial assets, beginning balance 5,546      
Financial assets, ending balance 5,051   5,546  
Gross carrying/ nominal amount | Lifetime expected credit losses | Credit impaired | Other financial assets measured at amortised cost        
Increase (decrease) in financial assets [abstract]        
Financial assets, beginning balance 2,343      
Financial assets, ending balance 1,920   2,343  
Gross carrying/ nominal amount | Lifetime expected credit losses | Credit impaired | Loans and advances to bank and customers including loan commitments and financial guarantees        
Increase (decrease) in financial assets [abstract]        
Financial assets, beginning balance 2,302   2,556  
Transfers of financial instruments: 156   763  
– transfers to stage 3 262   1,039  
– transfers from stage 3 (106)   (276)  
Net new and further lending/repayments (341)   (635)  
Assets written off (259)   (257)  
Foreign exchange 46   (83)  
Others (19)   (42)  
Financial assets, ending balance 1,885   2,302  
Gross carrying/ nominal amount | Lifetime expected credit losses | Credit impaired | Other financial assets measured at amortised cost | Other financial assets measured at amortised cost        
Increase (decrease) in financial assets [abstract]        
Financial assets, beginning balance 41      
Financial assets, ending balance 35   41  
Gross carrying/ nominal amount | Lifetime expected credit losses | Credit impaired | Loans and advances to customers | Other financial assets measured at amortised cost        
Increase (decrease) in financial assets [abstract]        
Financial assets, beginning balance 2,096      
Financial assets, ending balance 1,700   2,096  
Gross carrying/ nominal amount | Lifetime expected credit losses | POCI | Other financial assets measured at amortised cost        
Increase (decrease) in financial assets [abstract]        
Financial assets, beginning balance 41      
Financial assets, ending balance 42   41  
Gross carrying/ nominal amount | Lifetime expected credit losses | POCI | Loans and advances to bank and customers including loan commitments and financial guarantees        
Increase (decrease) in financial assets [abstract]        
Financial assets, beginning balance 41   35  
Net new and further lending/repayments 1   6  
Financial assets, ending balance 42   41  
Gross carrying/ nominal amount | Lifetime expected credit losses | POCI | Other financial assets measured at amortised cost | Other financial assets measured at amortised cost        
Increase (decrease) in financial assets [abstract]        
Financial assets, beginning balance 0      
Financial assets, ending balance 0   0  
Gross carrying/ nominal amount | Lifetime expected credit losses | POCI | Loans and advances to customers | Other financial assets measured at amortised cost        
Increase (decrease) in financial assets [abstract]        
Financial assets, beginning balance 38      
Financial assets, ending balance 39   38  
Allowance for ECL | Other financial assets measured at amortised cost        
Increase (decrease) in financial assets [abstract]        
Financial assets, beginning balance (925)      
Financial assets, ending balance (729)   (925)  
Allowance for ECL | Other financial assets measured at amortised cost | IFRS 9        
Increase (decrease) in financial assets [abstract]        
Financial assets, beginning balance (867)      
Financial assets, ending balance (679)   (867)  
Allowance for ECL | Other financial assets measured at amortised cost | IFRS 9 | – assets held for sale        
Increase (decrease) in financial assets [abstract]        
Financial assets, beginning balance (3)      
Financial assets, ending balance (3)   (3)  
Allowance for ECL | Financial instruments including loan commitments and financial guarantees        
Increase (decrease) in financial assets [abstract]        
Financial assets, beginning balance | $   (947)    
Financial assets, ending balance | $   (755)   (947)
Allowance for ECL | Financial instruments including loan commitments and financial guarantees | IFRS 9        
Increase (decrease) in financial assets [abstract]        
Financial assets, beginning balance | $   (925)    
Financial assets, ending balance | $   (729)   (925)
Allowance for ECL | Loans and advances to bank and customers including loan commitments and financial guarantees        
Increase (decrease) in financial assets [abstract]        
Financial assets, beginning balance (919) (919) (1,147)  
Net remeasurement of ECL arising from transfer of stage 6   7  
Net new and further lending/repayments 27   325  
Changes to risk parameters – credit quality (123)   (517)  
Changes to model used for ECL calculation 35   16  
Assets written off 259   255  
Foreign exchange (9)   28  
Others 1   114  
Financial assets, ending balance (723) (723) (919) (919)
Recoveries 1   2  
Others 22   (13)  
Allowance for ECL | Other financial assets measured at amortised cost | Other financial assets measured at amortised cost        
Increase (decrease) in financial assets [abstract]        
Financial assets, beginning balance (6)      
Financial assets, ending balance (6)   (6)  
Allowance for ECL | Other financial assets measured at amortised cost | Other financial assets measured at amortised cost | IFRS 9        
Increase (decrease) in financial assets [abstract]        
Financial assets, beginning balance (6) (6)    
Financial assets, ending balance (6) (6) (6) (6)
Allowance for ECL | Non-trading reverse purchase agreement commitments | Other financial assets measured at amortised cost | IFRS 9        
Increase (decrease) in financial assets [abstract]        
Financial assets, beginning balance 0      
Financial assets, ending balance 0   0  
Allowance for ECL | Debt instruments measured at fair value through other comprehensive income (‘FVOCI’) | Debt instruments measured at fair value through other comprehensive income (‘FVOCI’)        
Increase (decrease) in financial assets [abstract]        
Financial assets, beginning balance (22) (22)    
Financial assets, ending balance (26) $ (26) (22) $ (22)
Allowance for ECL | Debt instruments measured at fair value through other comprehensive income (‘FVOCI’) | Debt instruments measured at fair value through other comprehensive income (‘FVOCI’) | – assets held for sale        
Increase (decrease) in financial assets [abstract]        
Financial assets, beginning balance 0      
Financial assets, ending balance 0   0  
Allowance for ECL | Loans and advances to customers and banks | Other financial assets measured at amortised cost        
Increase (decrease) in financial assets [abstract]        
Financial assets, beginning balance (861)      
Financial assets, ending balance (673)   (861)  
Allowance for ECL | Loans and advances to customers and banks | Other financial assets measured at amortised cost | Discontinued operations        
Increase (decrease) in financial assets [abstract]        
Financial assets, beginning balance (3)      
Financial assets, ending balance (3)   (3)  
Allowance for ECL | Loans and advances to customers | – assets held for sale        
Increase (decrease) in financial assets [abstract]        
Others 6      
Allowance for ECL | Loans and advances to customers | Other financial assets measured at amortised cost        
Increase (decrease) in financial assets [abstract]        
Financial assets, beginning balance (858)      
Financial assets, ending balance (670)   (858)  
Allowance for ECL | Loans and advances to customers | Other financial assets measured at amortised cost | IFRS 9        
Increase (decrease) in financial assets [abstract]        
Financial assets, beginning balance (858)      
Financial assets, ending balance (670)   (858)  
Allowance for ECL | 12-month expected credit losses | Non-credit impaired | Other financial assets measured at amortised cost        
Increase (decrease) in financial assets [abstract]        
Financial assets, beginning balance (78)      
Financial assets, ending balance (90)   (78)  
Allowance for ECL | 12-month expected credit losses | Non-credit impaired | Loans and advances to bank and customers including loan commitments and financial guarantees        
Increase (decrease) in financial assets [abstract]        
Financial assets, beginning balance (74)   (91)  
Transfers of financial instruments: (23)   (42)  
– transfers from stage 1 to stage 2 4   8  
– transfers from stage 2 to stage 1 (27)   (48)  
– transfers to stage 3     1  
– transfers from stage 3     (3)  
Net remeasurement of ECL arising from transfer of stage 21   29  
Net new and further lending/repayments (6)   7  
Changes to risk parameters – credit quality (11)   23  
Changes to model used for ECL calculation 6   (1)  
Foreign exchange 1   2  
Others (1)   (1)  
Financial assets, ending balance (87)   (74)  
Allowance for ECL | 12-month expected credit losses | Non-credit impaired | Other financial assets measured at amortised cost | Other financial assets measured at amortised cost        
Increase (decrease) in financial assets [abstract]        
Financial assets, beginning balance (4)      
Financial assets, ending balance (3)   (4)  
Allowance for ECL | 12-month expected credit losses | Non-credit impaired | Loans and advances to customers | Other financial assets measured at amortised cost        
Increase (decrease) in financial assets [abstract]        
Financial assets, beginning balance (56)      
Financial assets, ending balance (68)   (56)  
Allowance for ECL | Lifetime expected credit losses | Non-credit impaired | Other financial assets measured at amortised cost        
Increase (decrease) in financial assets [abstract]        
Financial assets, beginning balance (133)      
Financial assets, ending balance (120)   (133)  
Allowance for ECL | Lifetime expected credit losses | Non-credit impaired | Loans and advances to bank and customers including loan commitments and financial guarantees        
Increase (decrease) in financial assets [abstract]        
Financial assets, beginning balance (133)   (147)  
Transfers of financial instruments: 25   47  
– transfers from stage 1 to stage 2 (4)   (8)  
– transfers from stage 2 to stage 1 27   48  
– transfers to stage 3 9   13  
– transfers from stage 3 (7)   (6)  
Net remeasurement of ECL arising from transfer of stage (15)   (22)  
Net new and further lending/repayments 20   3  
Changes to risk parameters – credit quality (47)   (31)  
Changes to model used for ECL calculation 29   17  
Foreign exchange (1)   2  
Others 2   (2)  
Financial assets, ending balance (120)   (133)  
Allowance for ECL | Lifetime expected credit losses | Non-credit impaired | Other financial assets measured at amortised cost | Other financial assets measured at amortised cost        
Increase (decrease) in financial assets [abstract]        
Financial assets, beginning balance 0      
Financial assets, ending balance 0   0  
Allowance for ECL | Lifetime expected credit losses | Non-credit impaired | Loans and advances to customers | Other financial assets measured at amortised cost        
Increase (decrease) in financial assets [abstract]        
Financial assets, beginning balance (107)      
Financial assets, ending balance (103)   (107)  
Allowance for ECL | Lifetime expected credit losses | Credit impaired | Other financial assets measured at amortised cost        
Increase (decrease) in financial assets [abstract]        
Financial assets, beginning balance (696)      
Financial assets, ending balance (501)   (696)  
Allowance for ECL | Lifetime expected credit losses | Credit impaired | Loans and advances to bank and customers including loan commitments and financial guarantees        
Increase (decrease) in financial assets [abstract]        
Financial assets, beginning balance (694)   (903)  
Transfers of financial instruments: (2)   (5)  
– transfers to stage 3 (9)   (14)  
– transfers from stage 3 7   9  
Net new and further lending/repayments 13   322  
Changes to risk parameters – credit quality (64)   (504)  
Assets written off 259   255  
Foreign exchange (9)   24  
Others (1)   117  
Financial assets, ending balance (498)   (694)  
Allowance for ECL | Lifetime expected credit losses | Credit impaired | Other financial assets measured at amortised cost | Other financial assets measured at amortised cost        
Increase (decrease) in financial assets [abstract]        
Financial assets, beginning balance (2)      
Financial assets, ending balance (3)   (2)  
Allowance for ECL | Lifetime expected credit losses | Credit impaired | Loans and advances to customers | Other financial assets measured at amortised cost        
Increase (decrease) in financial assets [abstract]        
Financial assets, beginning balance (677)      
Financial assets, ending balance (481)   (677)  
Allowance for ECL | Lifetime expected credit losses | POCI | Other financial assets measured at amortised cost        
Increase (decrease) in financial assets [abstract]        
Financial assets, beginning balance (18)      
Financial assets, ending balance (18)   (18)  
Allowance for ECL | Lifetime expected credit losses | POCI | Loans and advances to bank and customers including loan commitments and financial guarantees        
Increase (decrease) in financial assets [abstract]        
Financial assets, beginning balance (18)   (6)  
Net new and further lending/repayments     (7)  
Changes to risk parameters – credit quality (1)   (5)  
Others 1      
Financial assets, ending balance (18)   (18)  
Allowance for ECL | Lifetime expected credit losses | POCI | Other financial assets measured at amortised cost | Other financial assets measured at amortised cost        
Increase (decrease) in financial assets [abstract]        
Financial assets, beginning balance 0      
Financial assets, ending balance 0   0  
Allowance for ECL | Lifetime expected credit losses | POCI | Loans and advances to customers | Other financial assets measured at amortised cost        
Increase (decrease) in financial assets [abstract]        
Financial assets, beginning balance (18)      
Financial assets, ending balance £ (18)   £ (18)