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  "fact-479": {
   "value": "<div class=\"t m3 h14 ff3 fse fc1 sc0 ls2 ws2 gs58\">Notes t<span class=\"_ _6\"></span>o the Consolidated Financial Stat<span class=\"_ _6\"></span>ement<span class=\"_ _6\"></span>s<span class=\"_ _383\"> </span></div><div class=\"t m3 h50 ff5 fsa fc2 sc0 ls2 ws2 gs59\">For the year ended 31 December 2022<span class=\"_ _383\"> </span></div><div class=\"t m3 hc ff2 fs7 fc2 sc0 ls2 ws2 gs5a\"><span class=\"_ _383\">1.\u2002Acc</span><span class=\"_ _1\"></span>ountin<span class=\"_ _1\"></span>g pol<span class=\"_ _1\"></span>icie<span class=\"_ _1\"></span>s<span class=\"_ _383\"> </span></div><div class=\"t m3 hc ff2 fs7 fc3 sc0 ls2 ws2 gs5b\"><span class=\"_ _383\">a)\u2002Basis of p</span><span class=\"_ _1\"></span>rep<span class=\"_ _1\"></span>arat<span class=\"_ _1\"></span>ion<span class=\"_ _383\"> </span></div><div class=\"t m3 hd ff1 fs7 fc3 sc0 ls11 ws2 gs5c\">The \ufb01nancial statemen<span class=\"_ _6\"></span>ts have been pr<span class=\"_ _6\"></span>epared in accordance with Int<span class=\"_ _6\"></span>ernational Financial Reporting Standards (IFR<span class=\"_ _6\"></span>Ss) as adopted by the United </div><div class=\"t m3 hd ff1 fs7 fc3 sc0 ls11 ws2 gs5d\">Kingdom (UK<span class=\"_ _1\"></span>) and interpre<span class=\"_ _6\"></span>tations issued by the IFRS Int<span class=\"_ _6\"></span>erpretations Committee (IFRS IC<span class=\"_ _6\"></span>).<span class=\"_ _383\"> </span></div><div class=\"t m3 hd ff1 fs7 fc3 sc0 ls11 ws2 gs5e\">The \ufb01nancial statemen<span class=\"_ _6\"></span>ts have been pr<span class=\"_ _6\"></span>epared on a hist<span class=\"_ _6\"></span>orical cost basis<span class=\"_ _6\"></span>, as modi\ufb01ed by the re<span class=\"_ _6\"></span>valuation of inv<span class=\"_ _8\"></span>estment securities held at FVOCI and </div><div class=\"t m3 hd ff1 fs7 fc3 sc0 ls11 ws2 gs5f\">derivative con<span class=\"_ _6\"></span>tracts and other \ufb01nancial asse<span class=\"_ _6\"></span>ts held at fair value thr<span class=\"_ _6\"></span>ough pro\ufb01t or loss (FVTPL) (see note 1 p) vi.<span class=\"_ _1f6\"></span>).<span class=\"_ _383\"> </span></div><div class=\"t m3 hd ff1 fs7 fc3 sc0 ls11 ws2 gs60\">The \ufb01nancial statemen<span class=\"_ _6\"></span>ts are pr<span class=\"_ _6\"></span>esented in Pounds St<span class=\"_ _6\"></span>erling. All amounts in the \ufb01nancial st<span class=\"_ _6\"></span>atements hav<span class=\"_ _6\"></span>e been rounded to the near<span class=\"_ _6\"></span>est \u00a30<span class=\"_ _8\"></span>.1m (\u00a3m). </div><div class=\"t m3 hd ff1 fs7 fc3 sc0 ls11 ws2 gs61\">Foreign oper<span class=\"_ _6\"></span>ations are included in accordance with the policies set out in this note<span class=\"_ _8\"></span>.<span class=\"_ _383\"> </span></div><div class=\"t m3 hc ff2 fs7 fc3 sc0 ls2f ws2c gs62\">b<span class=\"_ _6\"></span><span class=\"_ _383\">)\u2002R</span><span class=\"_ _6\"></span>estatemen<span class=\"_ _6\"></span>t<span class=\"_ _383\"> </span></div><div class=\"t m3 hd ff1 fs7 fc3 sc0 ls11 ws2 gs63\">In the prior year<span class=\"_ _8\"></span>, cash collateral and mar<span class=\"_ _6\"></span>gin received on in<span class=\"_ _6\"></span>terest r<span class=\"_ _8\"></span>ate swaps of \u00a3115.<span class=\"_ _1f6\"></span>4m was included in \ufb01nancing cash \ufb02o<span class=\"_ _6\"></span>ws in the Consolidated </div><div class=\"t m3 hd ff1 fs7 fc3 sc0 ls11 ws2 gs64\">Statemen<span class=\"_ _6\"></span>t of Cash Flow<span class=\"_ _6\"></span>s. As the cash \ufb02o<span class=\"_ _6\"></span>ws arise on hedging activities relat<span class=\"_ _6\"></span>ed to items classi\ufb01ed as oper<span class=\"_ _6\"></span>ating assets and liabilities within the </div><div class=\"t m3 hd ff1 fs7 fc3 sc0 ls11 ws2 gs65\">Consolidated Statemen<span class=\"_ _6\"></span>t of Cash Flow<span class=\"_ _6\"></span>s, the cash \ufb02o<span class=\"_ _6\"></span>ws should be included within oper<span class=\"_ _6\"></span>ating cash \ufb02ows<span class=\"_ _8\"></span>. In the current year<span class=\"_ _8\"></span>, cash collateral and </div><div class=\"t m3 hd ff1 fs7 fc3 sc0 ls11 ws2 gs66\">margin r<span class=\"_ _6\"></span>eceived on inter<span class=\"_ _6\"></span>est r<span class=\"_ _6\"></span>ate sw<span class=\"_ _6\"></span>aps has been classi\ufb01ed as an operating cash \ufb02o<span class=\"_ _6\"></span>w in 2022 and the 2021 Consolidated S<span class=\"_ _6\"></span>tatement o<span class=\"_ _6\"></span>f Cash Flows </div><div class=\"t m3 hd ff1 fs7 fc3 sc0 ls11 ws2 gs67\">rest<span class=\"_ _6\"></span>ated to reclassify a cash in\ufb02o<span class=\"_ _8\"></span>w of \u00a3<span class=\"_ _1\"></span>115.<span class=\"_ _1f6\"></span>4m from \ufb01nancing activities to oper<span class=\"_ _6\"></span>ating activities.<span class=\"_ _383\"> </span></div><div class=\"t m3 hc ff2 fs7 fc3 sc0 ls2 ws2 gs68\">c)  Going co<span class=\"_ _1\"></span>nce<span class=\"_ _1\"></span>rn<span class=\"_ _383\"> </span></div><div class=\"t m3 hd ff1 fs7 fc3 sc0 ls11 ws2 gs69\">The Board undertak<span class=\"_ _8\"></span>es regular rigorous assessments o<span class=\"_ _6\"></span>f whether the Group is a going concern in light of curr<span class=\"_ _6\"></span>ent economic conditions and all </div><div class=\"t m3 hd ff1 fs7 fc3 sc0 ls11 ws2 gs6a\">available information about futur<span class=\"_ _6\"></span>e risk<span class=\"_ _6\"></span>s and uncertainties. </div><div class=\"t m3 hd ff1 fs7 fc3 sc0 ls11 ws2 gs6b\">In assessing whether the going concern basis is appropriate<span class=\"_ _6\"></span>, projections for the Gr<span class=\"_ _6\"></span>oup have been prepar<span class=\"_ _6\"></span>ed, cov<span class=\"_ _6\"></span>ering its future performance, </div><div class=\"t m3 hd ff1 fs7 fc3 sc0 ls11 ws2 gs6c\">capital and liquidity for a period in e<span class=\"_ _6\"></span>xcess of 12 months fr<span class=\"_ _6\"></span>om the date of appr<span class=\"_ _6\"></span>oval o<span class=\"_ _6\"></span>f these \ufb01nancial statemen<span class=\"_ _6\"></span>ts. These f<span class=\"_ _6\"></span>orecast<span class=\"_ _6\"></span>s have been subject </div><div class=\"t m3 hd ff1 fs7 fc3 sc0 ls11 ws2 gs6d\">to sensitivity test<span class=\"_ _6\"></span>s, including s<span class=\"_ _6\"></span>tress scenarios, which hav<span class=\"_ _6\"></span>e been compared to the lates<span class=\"_ _6\"></span>t economic scenarios provided by the Gr<span class=\"_ _6\"></span>oup<span class=\"_ _6\"></span>\u2019<span class=\"_ _8\"></span>s external </div><div class=\"t m3 hd ff1 fs7 fc3 sc0 ls11 ws2 gs6e\">economic advisors, as w<span class=\"_ _6\"></span>ell as re<span class=\"_ _6\"></span>ver<span class=\"_ _6\"></span>se stress tes<span class=\"_ _6\"></span>ts<span class=\"_ _6\"></span>. </div><div class=\"t m3 hd ff1 fs7 fc3 sc0 ls11 ws2 gs6f\">The assessments include the follo<span class=\"_ _8\"></span>wing:<span class=\"_ _1\"></span> </div><div class=\"t m3 hd ff1 fs7 fc3 sc0 ls11 ws6e gs70\">\u2022 <span class=\"_ _124\"> </span><span class=\"ws2\">Financial and capital forecasts w<span class=\"_ _8\"></span>ere prepared under s<span class=\"_ _6\"></span>tress scenarios which wer<span class=\"_ _6\"></span>e assessed against the lates<span class=\"_ _6\"></span>t economic forecasts pr<span class=\"_ _6\"></span>ovided </span></div><div class=\"t m3 hd ff1 fs7 fc3 sc0 ls11 ws2 gs71\">by the Group<span class=\"_ _8\"></span>\u2019<span class=\"_ _6\"></span>s external economic advisors<span class=\"_ _8\"></span>. Rever<span class=\"_ _6\"></span>se stress t<span class=\"_ _6\"></span>ests w<span class=\"_ _6\"></span>ere also run, to assess what combinations of House Price Index (HPI) and </div><div class=\"t m3 hd ff1 fs7 fc3 sc0 ls11 ws2 gs72\">unemployment variables w<span class=\"_ _6\"></span>ould result in the Gr<span class=\"_ _6\"></span>oup utilising its regulatory capit<span class=\"_ _6\"></span><span class=\"_ _383\">al buffers in full and bre</span><span class=\"_ _6\"></span>aching the Group<span class=\"_ _8\"></span>\u2019<span class=\"_ _6\"></span>s minimum prudential </div><div class=\"t m3 hd ff1 fs7 fc3 sc0 ls11 ws2 gs73\">requiremen<span class=\"_ _6\"></span>ts along with analysis and insight fr<span class=\"_ _6\"></span>om the Group<span class=\"_ _8\"></span>\u2019<span class=\"_ _6\"></span>s Internal Capital A<span class=\"_ _6\"></span>dequacy Assessment Process (IC<span class=\"_ _6\"></span>AAP). The Directors assesse<span class=\"_ _6\"></span>d </div><div class=\"t m3 hd ff1 fs7 fc3 sc0 ls11 ws2 gs74\">the lik<span class=\"_ _6\"></span>elihood of those re<span class=\"_ _8\"></span>verse str<span class=\"_ _6\"></span>ess scenarios occurring within the next 12 months and concluded that the lik<span class=\"_ _8\"></span>eliho<span class=\"_ _1\"></span>od is remote<span class=\"_ _6\"></span>. </div><div class=\"t m3 hd ff1 fs7 fc3 sc0 ls11 ws6e gs75\">\u2022 <span class=\"_ _124\"> </span><span class=\"ws2\">The latest liquidity and contingent liquidity positions and for<span class=\"_ _6\"></span>ecasts w<span class=\"_ _6\"></span>ere assessed agains<span class=\"_ _6\"></span>t the Internal Liquidity Adequacy Assessmen<span class=\"_ _6\"></span>t Process </span></div><div class=\"t m3 hd ff1 fs7 fc3 sc0 ls11 ws2 gs76\">(ILAAP) stress scenarios<span class=\"_ _6\"></span>. </div><div class=\"t m3 hd ff1 fs7 fc3 sc0 ls11 ws6e gs77\">\u2022 <span class=\"_ _124\"> </span><span class=\"ws2\">The Group continues to assess the resilience of its business oper<span class=\"_ _6\"></span>ating model and supporting infras<span class=\"_ _6\"></span>tructure in the conte<span class=\"_ _6\"></span>xt of the emer<span class=\"_ _6\"></span>ging </span></div><div class=\"t m3 hd ff1 fs7 fc3 sc0 ls11 ws2 gs78\">economic, business and regulatory en<span class=\"_ _8\"></span>vironment. The k<span class=\"_ _6\"></span>ey areas o<span class=\"_ _6\"></span>f focus continues to be on the pro<span class=\"_ _6\"></span>vision of the Group<span class=\"_ _8\"></span>\u2019<span class=\"_ _8\"></span>s Impor<span class=\"_ _1\"></span>tant Business </div><div class=\"t m3 hd ff1 fs7 fc3 sc0 ls11 ws2 gs79\">Services, minimising the impact of any service disruptions on the Group<span class=\"_ _6\"></span>\u2019<span class=\"_ _8\"></span>s customers or the wider \ufb01nancial services industry. The Group<span class=\"_ _8\"></span>\u2019<span class=\"_ _8\"></span>s </div><div class=\"t m3 hd ff1 fs7 fc3 sc0 ls11 ws2 gs7a\">response to the CO<span class=\"_ _8\"></span>VID-19 pandemic demonstr<span class=\"_ _6\"></span>ated the inheren<span class=\"_ _6\"></span>t resilience of its critical pr<span class=\"_ _6\"></span>ocesses and infrastructur<span class=\"_ _6\"></span>e and its agility in </div><div class=\"t m3 hd ff1 fs7 fc3 sc0 ls11 ws2 gs7b\">responding to changing oper<span class=\"_ _6\"></span>ational demands. The Gr<span class=\"_ _6\"></span>oup recognises the need to continually inv<span class=\"_ _8\"></span>est in the resilience of its services, with </div><div class=\"t m3 hd ff1 fs7 fc3 sc0 ls11 ws2 gs7c\">speci\ufb01c focus in 2023 on ensuring that the thir<span class=\"_ _6\"></span>d parties on which it depends have the appropriate le<span class=\"_ _6\"></span>vels of r<span class=\"_ _6\"></span>esilience and in further<span class=\"_ _1\"></span> </div><div class=\"t m3 hd ff1 fs7 fc3 sc0 ls11 ws2 gs7d\">automating those processes that are sensitiv<span class=\"_ _6\"></span>e to increases in v<span class=\"_ _6\"></span>olume.<span class=\"_ _383\"> </span></div><div class=\"t m3 hd ff1 fs7 fc3 sc0 ls11 ws2 gs7e\">The Group<span class=\"_ _8\"></span>\u2019<span class=\"_ _6\"></span>s \ufb01nancial projections demons<span class=\"_ _6\"></span>trate that the Gr<span class=\"_ _6\"></span><span class=\"_ _383\">oup has sufficient capital and liquidity to con</span><span class=\"_ _6\"></span>tinue to meet its regulatory c<span class=\"_ _6\"></span>apital </div><div class=\"t m3 hd ff1 fs7 fc3 sc0 ls11 ws2 gs7f\">requiremen<span class=\"_ _6\"></span>ts as set out by the Prudential R<span class=\"_ _6\"></span>egulation Authority (PRA). </div><div class=\"t m3 hd ff1 fs7 fc3 sc0 ls11 ws2 gs80\">The Board has there<span class=\"_ _6\"></span>fore concluded that the Gr<span class=\"_ _6\"></span><span class=\"_ _383\">oup has sufficient resour</span><span class=\"_ _6\"></span>ces to continue in operational e<span class=\"_ _6\"></span>xistence for a period in e<span class=\"_ _6\"></span>xcess of 12 mon<span class=\"_ _6\"></span>ths </div><div class=\"t m3 hd ff1 fs7 fc3 sc0 ls11 ws2 gs81\">and as a result, it is appropriat<span class=\"_ _6\"></span>e to prepare these \ufb01nancial s<span class=\"_ _6\"></span>tatement<span class=\"_ _6\"></span>s on a going concern basis.<span class=\"_ _383\"> </span></div><div class=\"t m3 hc ff2 fs7 fc3 sc0 ls2 ws2 gs82\"><span class=\"_ _383\">d)\u2002B</span><span class=\"_ _1\"></span>asis of c<span class=\"_ _1\"></span>on<span class=\"_ _1\"></span>soli<span class=\"_ _1\"></span>datio<span class=\"_ _1\"></span>n<span class=\"_ _383\"> </span></div><div class=\"t m3 hd ff1 fs7 fc3 sc0 ls11 ws2 gs83\">The Group accounts include the r<span class=\"_ _6\"></span>esults of the Company and its subsidiary undertakings. Subsidiaries ar<span class=\"_ _6\"></span>e fully consolidated from the date </div><div class=\"t m3 hd ff1 fs7 fc3 sc0 ls11 ws2 gs84\">on which control is tr<span class=\"_ _6\"></span>ansferre<span class=\"_ _6\"></span>d to the Group and are deconsolidated fr<span class=\"_ _6\"></span>om the date that control ceases<span class=\"_ _6\"></span>. Upon consolidation, inter<span class=\"_ _6\"></span>company </div><div class=\"t m3 hd ff1 fs7 fc3 sc0 ls11 ws2 gs85\">transactions<span class=\"_ _6\"></span>, balances and unrealised gains on tr<span class=\"_ _6\"></span>ansactions are eliminated. Unr<span class=\"_ _6\"></span>ealised losses are also eliminate<span class=\"_ _6\"></span>d unless the transaction pr<span class=\"_ _6\"></span>ovides </div><div class=\"t m3 hd ff1 fs7 fc3 sc0 ls11 ws2 gs86\">evidence of impairmen<span class=\"_ _6\"></span>t of the asset trans<span class=\"_ _6\"></span>ferred. Accounting policies o<span class=\"_ _6\"></span>f subsidiaries have been changed where necessary to ensur<span class=\"_ _6\"></span>e consistency, </div><div class=\"t m3 hd ff1 fs7 fc3 sc0 ls11 ws2 gs87\">so far as is possible, with the policies adop<span class=\"_ _6\"></span>ted by the Group<span class=\"_ _6\"></span>. </div><div class=\"t m3 hd ff1 fs7 fc3 sc0 ls11 ws2 gs88\">Subsidiaries are those entities<span class=\"_ _8\"></span>, including structured entities<span class=\"_ _6\"></span>, ov<span class=\"_ _6\"></span>er which the Group has contr<span class=\"_ _6\"></span>ol. The Group contr<span class=\"_ _6\"></span>ols an entity when it is exposed, or </div><div class=\"t m3 hd ff1 fs7 fc3 sc0 ls11 ws2 gs89\">has rights<span class=\"_ _6\"></span>, to variable r<span class=\"_ _6\"></span>eturns from its in<span class=\"_ _6\"></span>volv<span class=\"_ _6\"></span><span class=\"_ _383\">ement with the entity and has the ability to aff</span><span class=\"_ _6\"></span>ect those returns through it<span class=\"_ _6\"></span>s pow<span class=\"_ _6\"></span>er ov<span class=\"_ _6\"></span>er the inv<span class=\"_ _6\"></span>estee. </div><div class=\"t m3 hd ff1 fs7 fc3 sc0 ls11 ws2 gs8a\">The Group has po<span class=\"_ _6\"></span>wer o<span class=\"_ _6\"></span>ver an entity when it has e<span class=\"_ _6\"></span>xisting righ<span class=\"_ _6\"></span>ts that give it the curr<span class=\"_ _6\"></span>ent ability to direct the activities that mos<span class=\"_ _6\"></span><span class=\"_ _383\">t signi\ufb01cantly aff</span><span class=\"_ _6\"></span>ect </div><div class=\"t m3 hd ff1 fs7 fc3 sc0 ls11 ws2 gs8b\">the entity<span class=\"_ _6\"></span>\u2019<span class=\"_ _8\"></span>s returns. Po<span class=\"_ _6\"></span>wer may be det<span class=\"_ _6\"></span>ermined on the basis of vo<span class=\"_ _6\"></span>ting rights or<span class=\"_ _1f6\"></span>, in the case of structured en<span class=\"_ _6\"></span>tities, other contr<span class=\"_ _6\"></span>actual arr<span class=\"_ _6\"></span>angements<span class=\"_ _6\"></span>.<span class=\"_ _383\"> </span></div><div class=\"t m3 hd ff1 fs7 fc3 sc0 ls11 ws2 gs8c\">Where the Group does not r<span class=\"_ _6\"></span>etain a direct o<span class=\"_ _6\"></span>wnership in<span class=\"_ _6\"></span>terest in a securitisation en<span class=\"_ _6\"></span>tity, but the Directors hav<span class=\"_ _8\"></span>e determined that the Group controls </div><div class=\"t m3 hd ff1 fs7 fc3 sc0 ls11 ws2 gs8d\">those entities<span class=\"_ _6\"></span>, they are treat<span class=\"_ _6\"></span>ed as subsidiaries and are consolidated. Contr<span class=\"_ _6\"></span>ol is determined to exis<span class=\"_ _6\"></span>t if the Group has the po<span class=\"_ _6\"></span>wer to dir<span class=\"_ _6\"></span>ect the </div><div class=\"t m3 hd ff1 fs7 fc3 sc0 ls11 ws2 gs8e\">activities of each entity (f<span class=\"_ _6\"></span>or example<span class=\"_ _8\"></span>, managing the per<span class=\"_ _1\"></span>formance of the underlying mortgage assets and raising debt on those mortgage assets </div><div class=\"t m3 hd ff1 fs7 fc3 sc0 ls11 ws2 gs8f\">which is used to fund the Group<span class=\"_ _6\"></span>) and, in addition to this<span class=\"_ _6\"></span>, control is e<span class=\"_ _6\"></span>xposed to a variable return (f<span class=\"_ _6\"></span>or example<span class=\"_ _8\"></span>, retaining the residual risk on the </div><div class=\"t m3 hd ff1 fs7 fc3 sc0 ls11 ws2 gs90\">mortgage assets). Securitisation structures that do not meet these criteria ar<span class=\"_ _6\"></span>e not treat<span class=\"_ _6\"></span>ed as subsidiaries and are ex<span class=\"_ _6\"></span>cluded from the consolidated </div><div class=\"t m3 hd ff1 fs7 fc3 sc0 ls11 ws2 gs91\">accounts. The Company applies the net appr<span class=\"_ _6\"></span>oach in accounting for securitisation structur<span class=\"_ _6\"></span>es where it r<span class=\"_ _6\"></span>etains an inter<span class=\"_ _6\"></span>est in the securitisation, </div><div class=\"t m3 hd ff1 fs7 fc3 sc0 ls11 ws2 gs92\">netting the loan notes held agains<span class=\"_ _6\"></span>t the deemed loan balance.<span class=\"_ _383\"> </span></div><span class=\"_ _383\">1.\u2002Acc</span><span class=\"_ _1\"></span>ountin<span class=\"_ _1\"></span>g pol<span class=\"_ _1\"></span>icie<span class=\"_ _1\"></span>s<span class=\"ff5 lsd4 ws46\"> continue<span class=\"_ _1\"></span>d<span class=\"_ _383\"> </span></span><span class=\"_ _383\">d)\u2002B</span><span class=\"_ _1\"></span>asis of c<span class=\"_ _1\"></span>on<span class=\"_ _1\"></span>soli<span class=\"_ _1\"></span>datio<span class=\"_ _1\"></span>n<span class=\"ff5 lsd4 ws46\"> continue<span class=\"_ _1\"></span>d<span class=\"_ _383\"> </span></span>The Group<span class=\"_ _8\"></span>\u2019<span class=\"_ _6\"></span>s Employee Bene\ufb01t T<span class=\"_ _8\"></span>rust (EBT) is controlled and recognised by the Company using the look<span class=\"_ _6\"></span>-through appro<span class=\"_ _6\"></span>ach, i.e<span class=\"_ _6\"></span>. as if the EBT is<span class=\"_ _383\"> </span>included within the accounts of the Company.<span class=\"_ _383\"> </span>The Group is not deemed to contr<span class=\"_ _6\"></span>ol an entity when it ex<span class=\"_ _6\"></span>ercises po<span class=\"_ _6\"></span>wer o<span class=\"_ _6\"></span>ver an en<span class=\"_ _6\"></span>tity in an agency capacity. In determining whether the Group<span class=\"_ _383\"> </span>is acting as an agent, the Direct<span class=\"_ _6\"></span>ors consider the ov<span class=\"_ _6\"></span>erall r<span class=\"_ _6\"></span>elationship between the Group<span class=\"_ _6\"></span>, the inv<span class=\"_ _6\"></span>estee and other parties to the arrangemen<span class=\"_ _6\"></span>t with<span class=\"_ _383\"> </span>respect to the follo<span class=\"_ _8\"></span>wing factors: (i) the scope of the Group<span class=\"_ _8\"></span>\u2019<span class=\"_ _8\"></span>s de<span class=\"_ _1\"></span>cision-making pow<span class=\"_ _6\"></span>er; (ii) the rights held by other parties; (iii) the remuner<span class=\"_ _6\"></span>ation to<span class=\"_ _383\"> </span>which the Group is entitled; and (iv<span class=\"_ _6\"></span>) the Group<span class=\"_ _8\"></span>\u2019<span class=\"_ _8\"></span>s exposure to variability of r<span class=\"_ _6\"></span>eturns. The de<span class=\"_ _6\"></span>termination of control is base<span class=\"_ _6\"></span>d on the current fac<span class=\"_ _6\"></span>ts and<span class=\"_ _383\"> </span>circumst<span class=\"_ _6\"></span>ances and is continuously assessed.<span class=\"_ _383\"> </span>In some circumst<span class=\"_ _6\"></span><span class=\"_ _383\">ances, differ</span><span class=\"_ _6\"></span>ent fact<span class=\"_ _6\"></span><span class=\"_ _383\">ors and conditions may indicate that differ</span><span class=\"_ _6\"></span>ent parties control an entity depending on whether those f<span class=\"_ _6\"></span>actors<span class=\"_ _383\"> </span>and conditions are assessed in isolation or in totality. Judgemen<span class=\"_ _6\"></span>t is applied in assessing the rele<span class=\"_ _6\"></span>vant fac<span class=\"_ _6\"></span>tors and conditions in totality when<span class=\"_ _383\"> </span>determining whether the Group con<span class=\"_ _6\"></span>trols an entity. Speci\ufb01cally, judgemen<span class=\"_ _6\"></span>t is applied in assessing whether the Group has subst<span class=\"_ _6\"></span>antive decision-<span class=\"_ _383\"> </span>making rights o<span class=\"_ _6\"></span>ver the r<span class=\"_ _6\"></span>elevan<span class=\"_ _6\"></span>t activities and whether it is ex<span class=\"_ _6\"></span>ercising pow<span class=\"_ _8\"></span>er as a principal or an agent.<span class=\"_ _383\"> </span>e<span class=\"_ _6\"></span><span class=\"_ _383\">)\u2002Foreig</span><span class=\"_ _6\"></span>n currency tra<span class=\"_ _6\"></span>nslation<span class=\"_ _383\"> </span>The consolidated \ufb01nancial statemen<span class=\"_ _6\"></span>ts are pr<span class=\"_ _6\"></span>esented in Pounds S<span class=\"_ _6\"></span>terling which is the present<span class=\"_ _6\"></span>ation currency of the Group<span class=\"_ _6\"></span>. The \ufb01nancial stat<span class=\"_ _6\"></span>ements<span class=\"_ _383\"> </span>of each of the Company<span class=\"_ _6\"></span>\u2019<span class=\"_ _8\"></span>s subsidiaries are measured using the curr<span class=\"_ _6\"></span>ency of the primary economic environmen<span class=\"_ _6\"></span>t in which the subsidiary operates<span class=\"_ _383\"> </span>(the functional currency). For<span class=\"_ _6\"></span>eign currency transactions ar<span class=\"_ _6\"></span>e translat<span class=\"_ _6\"></span>ed into the functional curr<span class=\"_ _6\"></span>encies using the exchange r<span class=\"_ _6\"></span>ates pre<span class=\"_ _6\"></span>vailing at the<span class=\"_ _383\"> </span>date of the tr<span class=\"_ _6\"></span>ansactions. Monet<span class=\"_ _6\"></span>ary items denominated in for<span class=\"_ _6\"></span>eign currencies are r<span class=\"_ _6\"></span>etranslated at the r<span class=\"_ _8\"></span>ate prevailing at the period end.<span class=\"_ _383\"> </span>Foreign ex<span class=\"_ _6\"></span>change (FX) gains and losses resulting from the retr<span class=\"_ _8\"></span>anslation and settlement of these items are r<span class=\"_ _6\"></span>ecognised in pro\ufb01t or loss<span class=\"_ _6\"></span>. Non-<span class=\"_ _383\"> </span>monetary items measur<span class=\"_ _6\"></span>ed at cost in the foreign curr<span class=\"_ _6\"></span>ency are tr<span class=\"_ _6\"></span>anslated using the spot FX r<span class=\"_ _6\"></span>ate at the date of the tr<span class=\"_ _6\"></span>ansaction.<span class=\"_ _383\"> </span>The assets and liabilities of for<span class=\"_ _6\"></span>eign operations with functional curr<span class=\"_ _6\"></span>encies other than Pounds Sterling ar<span class=\"_ _6\"></span>e translated in<span class=\"_ _6\"></span>to the presen<span class=\"_ _6\"></span>tation<span class=\"_ _383\"> </span>currency at the ex<span class=\"_ _6\"></span>change rate on the r<span class=\"_ _6\"></span>eporting date. The income and expenses o<span class=\"_ _6\"></span>f foreign oper<span class=\"_ _6\"></span>ations are tr<span class=\"_ _6\"></span>anslated at the rates on the dat<span class=\"_ _6\"></span>es of<span class=\"_ _383\"> </span>transactions<span class=\"_ _6\"></span><span class=\"_ _383\">. Exchange diff</span><span class=\"_ _6\"></span>erences on foreign oper<span class=\"_ _8\"></span>ations are recognised in other comprehensive income (<span class=\"_ _6\"></span>OCI) and accumulated in the foreign<span class=\"_ _383\"> </span>exchange r<span class=\"_ _6\"></span>eserve within equity.<span class=\"_ _383\"> </span>f<span class=\"_ _1\"></span><span class=\"_ _383\">)\u2002Se</span><span class=\"_ _1\"></span>gme<span class=\"_ _1\"></span>ntal r<span class=\"_ _1\"></span>epo<span class=\"_ _1\"></span>rt<span class=\"_ _1\"></span>ing<span class=\"_ _383\"> </span>IFRS 8 requir<span class=\"_ _6\"></span>es operating segmen<span class=\"_ _6\"></span>ts to be identi\ufb01ed on the basis o<span class=\"_ _6\"></span>f internal reports and component<span class=\"_ _6\"></span>s of the Group which are r<span class=\"_ _6\"></span>egularly re<span class=\"_ _6\"></span>view<span class=\"_ _6\"></span>ed<span class=\"_ _383\"> </span>by the chief operating decision mak<span class=\"_ _8\"></span>er to allocate resources to se<span class=\"_ _6\"></span>gments and to assess their performance<span class=\"_ _6\"></span>. For this purpose, the chief oper<span class=\"_ _6\"></span>ating<span class=\"_ _383\"> </span>decision mak<span class=\"_ _6\"></span>er of the Group is the Boar<span class=\"_ _6\"></span>d of Director<span class=\"_ _6\"></span>s.<span class=\"_ _383\"> </span>The Group pro<span class=\"_ _6\"></span>vides loans and asset \ufb01nance within the UK and the Channel Islands only.<span class=\"_ _383\"> </span>The Group segment<span class=\"_ _6\"></span>s its lending business and operates under tw<span class=\"_ _8\"></span>o segments:<span class=\"_ _383\"> </span>\u2022 <span class=\"_ _124\"> </span><span class=\"ws2\">OneSavings Bank (OSB)<span class=\"_ _383\"> </span></span>\u2022 <span class=\"_ _124\"> </span><span class=\"ws2\">Char<span class=\"_ _1\"></span>ter Cour<span class=\"_ _1\"></span>t Financial Services (CCFS)<span class=\"_ _383\"> </span></span>The Group has disclosed rele<span class=\"_ _8\"></span>vant risk management tables in note 45 at a sub-segmen<span class=\"_ _6\"></span>t lev<span class=\"_ _6\"></span>el to pro<span class=\"_ _6\"></span>vide detailed analysis of the Gr<span class=\"_ _6\"></span>oup<span class=\"_ _6\"></span>\u2019<span class=\"_ _8\"></span>s core<span class=\"_ _383\"> </span>lending business.<span class=\"_ _383\"> </span><span class=\"_ _383\">g)\u2002Inter</span><span class=\"_ _1\"></span>es<span class=\"_ _1\"></span>t inco<span class=\"_ _1\"></span>me an<span class=\"_ _1\"></span>d expen<span class=\"_ _1\"></span>se<span class=\"_ _383\"> </span>Inter<span class=\"_ _6\"></span>est income and inter<span class=\"_ _6\"></span>est expense f<span class=\"_ _6\"></span>or all inter<span class=\"_ _6\"></span>est-bearing \ufb01nancial instrumen<span class=\"_ _6\"></span>ts measured at amortised cost and FV<span class=\"_ _8\"></span>OCI are recognised in pro\ufb01t<span class=\"_ _383\"> </span><span class=\"_ _383\">or loss using the effectiv</span><span class=\"_ _6\"></span>e interes<span class=\"_ _6\"></span>t rat<span class=\"_ _6\"></span>e (EIR) method. The EIR is the rate which discoun<span class=\"_ _6\"></span>ts the expected futur<span class=\"_ _6\"></span>e cash \ufb02ows<span class=\"_ _8\"></span>, over the expect<span class=\"_ _6\"></span>ed life of<span class=\"_ _383\"> </span>the \ufb01nancial instrument, t<span class=\"_ _6\"></span>o the net carrying value of the \ufb01nancial asset or liability.<span class=\"_ _383\"> </span>Inter<span class=\"_ _6\"></span>est income on \ufb01nancial assets categorised as s<span class=\"_ _6\"></span>tage 1 or 2 are r<span class=\"_ _6\"></span>ecognised on a gross basis<span class=\"_ _6\"></span>, with interes<span class=\"_ _6\"></span>t income on stage 3 assets r<span class=\"_ _6\"></span>ecognised<span class=\"_ _383\"> </span>net of expect<span class=\"_ _6\"></span>ed credit losses (ECL). For pur<span class=\"_ _6\"></span>chased or credit-impair<span class=\"_ _6\"></span>ed assets (see note 1 o<span class=\"_ _6\"></span>) vii.<span class=\"_ _1f6\"></span>), interest income is calculated by applying the cr<span class=\"_ _6\"></span>edit-<span class=\"_ _383\"> </span>adjusted EIR to the amortised cost o<span class=\"_ _6\"></span>f the asset. The calculation of int<span class=\"_ _6\"></span>erest income does not re<span class=\"_ _8\"></span>vert to a gross basis even if the cr<span class=\"_ _6\"></span>edit risk of the<span class=\"_ _383\"> </span>asset impro<span class=\"_ _6\"></span>ves<span class=\"_ _6\"></span>. See note 1 p) ii. f<span class=\"_ _6\"></span>or further information on IFRS 9 stage classi\ufb01cations<span class=\"_ _8\"></span>.<span class=\"_ _383\"> </span>When calculating the EIR, the Gr<span class=\"_ _6\"></span>oup estimates cash \ufb02o<span class=\"_ _6\"></span>ws considering all contrac<span class=\"_ _6\"></span>tual terms of the instrumen<span class=\"_ _6\"></span>t and behavioural aspects (f<span class=\"_ _6\"></span>or<span class=\"_ _383\"> </span>example<span class=\"_ _8\"></span>, prepayment options) but not considering future cre<span class=\"_ _6\"></span>dit losses. The calculation of the EIR includes tr<span class=\"_ _8\"></span>ansaction c<span class=\"_ _1\"></span>osts and f<span class=\"_ _6\"></span>ees paid or<span class=\"_ _383\"> </span>received that ar<span class=\"_ _6\"></span>e an integr<span class=\"_ _6\"></span>al part of the interes<span class=\"_ _6\"></span>t rate<span class=\"_ _8\"></span>, together with the discounts or premiums arising on the acquisition of loan portfolios<span class=\"_ _6\"></span>.<span class=\"_ _383\"> </span>T<span class=\"_ _8\"></span>ransaction costs include incr<span class=\"_ _6\"></span>emental cos<span class=\"_ _6\"></span>ts that are directly attribut<span class=\"_ _6\"></span>able to the acquisition or issue of a \ufb01nancial instrumen<span class=\"_ _6\"></span>t.<span class=\"_ _383\"> </span>The Group monitor<span class=\"_ _6\"></span>s the actual cash \ufb02ows f<span class=\"_ _6\"></span>or each book and resets cash \ufb02o<span class=\"_ _6\"></span>ws on a monthly basis<span class=\"_ _8\"></span>, disc<span class=\"_ _1\"></span>ounted at the EIR to deriv<span class=\"_ _6\"></span>e a new c<span class=\"_ _6\"></span>arrying<span class=\"_ _383\"> </span>value, with changes t<span class=\"_ _6\"></span>ak<span class=\"_ _6\"></span>en to pro<span class=\"_ _6\"></span>\ufb01t or loss as interes<span class=\"_ _6\"></span>t income.<span class=\"_ _383\"> </span>The EIR is adjusted wher<span class=\"_ _6\"></span>e there is a mo<span class=\"_ _6\"></span>vement in the r<span class=\"_ _6\"></span>efer<span class=\"_ _6\"></span>ence interes<span class=\"_ _6\"></span>t rate (SONIA, syn<span class=\"_ _6\"></span>thetic LIBOR or base rat<span class=\"_ _6\"></span><span class=\"_ _383\">e) affecting portfolios with a<span class=\"_ _383\"> </span></span>variable inter<span class=\"_ _6\"></span>est r<span class=\"_ _6\"></span>ate which will impact future cash \ufb02o<span class=\"_ _8\"></span>ws. The re<span class=\"_ _6\"></span>vised EIR is the rate which e<span class=\"_ _6\"></span>xactly discount<span class=\"_ _6\"></span>s the revised c<span class=\"_ _6\"></span>ash \ufb02ows to the net<span class=\"_ _383\"> </span>carrying value of the loan portfolio<span class=\"_ _6\"></span>.<span class=\"_ _383\"> </span><div class=\"t m0 hd ff1 fs7 fc3 sc0 ls11 ws2 gsc8\">When the contractual t<span class=\"_ _6\"></span>erms of non-derivativ<span class=\"_ _6\"></span>e \ufb01nancial instrument<span class=\"_ _6\"></span>s have been amended as a direct consequence of IBOR r<span class=\"_ _6\"></span>eform during 2<span class=\"_ _6\"></span>021 </div><div class=\"t m0 hd ff1 fs7 fc3 sc0 ls11 ws2 gsc9\">and the new basis for de<span class=\"_ _6\"></span>termining the contrac<span class=\"_ _6\"></span>tual cash \ufb02ows is economically equivalen<span class=\"_ _6\"></span>t to the pre<span class=\"_ _6\"></span>vious basis, the Gr<span class=\"_ _6\"></span>oup changes the basis for </div><div class=\"t m0 hd ff1 fs7 fc3 sc0 ls11 ws2 gsca\">determining the contr<span class=\"_ _6\"></span>actual cash \ufb02ow<span class=\"_ _6\"></span>s prospectively by r<span class=\"_ _6\"></span>evising the EIR<span class=\"_ _6\"></span>.<span class=\"_ _383\"> </span></div><div class=\"t m0 hd ff1 fs7 fc3 sc0 ls11 ws2 gscb\">Inter<span class=\"_ _6\"></span>est income on inv<span class=\"_ _6\"></span>estment securities is included in in<span class=\"_ _6\"></span>teres<span class=\"_ _6\"></span>t receivable and similar income. In<span class=\"_ _6\"></span>teres<span class=\"_ _6\"></span>t on derivatives is included in in<span class=\"_ _6\"></span>teres<span class=\"_ _6\"></span>t </div><div class=\"t m0 hd ff1 fs7 fc3 sc0 ls11 ws2 gscc\">receivable and similar income or inter<span class=\"_ _6\"></span>est expense and similar char<span class=\"_ _8\"></span>ges following the underlying instrumen<span class=\"_ _6\"></span>t it is hedging.<span class=\"_ _383\"> </span></div><div class=\"t m0 hd ff1 fs7 fc3 sc0 ls11 ws2 gscd\">Coupons paid on non-controlling int<span class=\"_ _6\"></span>erest securities and A<span class=\"_ _1f6\"></span>T1 securities are recognised directly in equity in the period in which they are paid.<span class=\"_ _383\"> </span></div><div class=\"t m0 hc ff2 fs7 fc3 sc0 ls2 ws2 gsce\"><span class=\"_ _383\">h)\u2002Fees and c</span><span class=\"_ _1\"></span>ommi<span class=\"_ _1\"></span>ssio<span class=\"_ _1\"></span>ns </div><div class=\"t m0 hd ff1 fs7 fc3 sc0 ls11 ws2 gscf\">Fees and commissions which are an integr<span class=\"_ _6\"></span>al part of the EIR of a \ufb01nancial instrumen<span class=\"_ _6\"></span>t are recognised as an adjus<span class=\"_ _6\"></span>tment to the EIR and recor<span class=\"_ _6\"></span>ded in </div><div class=\"t m0 hd ff1 fs7 fc3 sc0 ls11 ws2 gsd0\">inter<span class=\"_ _6\"></span>est income. The Gr<span class=\"_ _6\"></span>oup includes early redemption char<span class=\"_ _6\"></span>ges within the EIR. </div><div class=\"t m0 hd ff1 fs7 fc3 sc0 ls11 ws2 gsd1\">Fees received on mortgage administr<span class=\"_ _6\"></span>ation services and mor<span class=\"_ _1\"></span>tgage origination activities, which ar<span class=\"_ _6\"></span>e not an integr<span class=\"_ _6\"></span>al part of the EIR, are r<span class=\"_ _6\"></span>ecorded in </div><div class=\"t m0 hd ff1 fs7 fc3 sc0 ls11 ws2 gsd2\">other operating income and accounted f<span class=\"_ _6\"></span>or in accordance with IFRS 15 Re<span class=\"_ _6\"></span>venue fr<span class=\"_ _6\"></span>om Contract<span class=\"_ _6\"></span>s with Customers<span class=\"_ _8\"></span>, with inc<span class=\"_ _1\"></span>ome recognised when the </div><div class=\"t m0 hd ff1 fs7 fc3 sc0 ls11 ws2 gsd3\">services are delivered and the bene<span class=\"_ _6\"></span>\ufb01ts are tr<span class=\"_ _6\"></span>ansferred t<span class=\"_ _6\"></span>o clients and cust<span class=\"_ _6\"></span>omers<span class=\"_ _6\"></span>.<span class=\"_ _383\"> </span></div><div class=\"t m0 hd ff1 fs7 fc3 sc0 ls11 ws2 gsd4\">Other fees and commissions are recognised on the accruals basis as services are pro<span class=\"_ _6\"></span>vided or on the performance of a signi\ufb01cant act, net o<span class=\"_ _6\"></span>f V<span class=\"_ _8\"></span>A<span class=\"_ _8\"></span>T<span class=\"_ _1\"></span> </div><div class=\"t m0 hd ff1 fs7 fc3 sc0 ls11 ws2 gsd5\">and similar taxes<span class=\"_ _6\"></span>.<span class=\"_ _383\"> </span></div><div class=\"t m0 hc ff2 fs7 fc3 sc0 ls2 ws2 gsd6\"><span class=\"_ _383\">i)\u2002Int</span><span class=\"_ _1\"></span>egr<span class=\"_ _1\"></span>ation c<span class=\"_ _1\"></span>os<span class=\"_ _1\"></span>ts and exc<span class=\"_ _1\"></span>epti<span class=\"_ _1\"></span>onal it<span class=\"_ _1\"></span>ems </div><div class=\"t m0 hd ff1 fs7 fc3 sc0 ls11 ws2 gsd7\">Integr<span class=\"_ _6\"></span>ation costs and e<span class=\"_ _6\"></span>xceptional items are those it<span class=\"_ _6\"></span>ems of income or expense that do not r<span class=\"_ _6\"></span>elate to the Group<span class=\"_ _8\"></span>\u2019<span class=\"_ _8\"></span>s c<span class=\"_ _1\"></span>ore operating ac<span class=\"_ _6\"></span>tivities, ar<span class=\"_ _6\"></span>e not </div><div class=\"t m0 hd ff1 fs7 fc3 sc0 ls11 ws2 gsd8\">expected to r<span class=\"_ _6\"></span>ecur and are material in the conte<span class=\"_ _6\"></span>xt of the Group<span class=\"_ _8\"></span>\u2019<span class=\"_ _8\"></span>s performance. These items are disclosed separ<span class=\"_ _6\"></span>ately within the Consolidated </div><div class=\"t m0 hd ff1 fs7 fc3 sc0 ls11 ws2 gsd9\">Statemen<span class=\"_ _6\"></span>t of Comprehensiv<span class=\"_ _6\"></span>e Income and the Notes to the Consolidated Financial Statemen<span class=\"_ _6\"></span>ts.<span class=\"_ _383\"> </span></div><div class=\"t m0 hc ff2 fs7 fc3 sc0 ls2 ws2 gsda\"><span class=\"_ _383\">j)\u2002Tax</span><span class=\"_ _6\"></span>ation<span class=\"_ _383\"> </span></div><div class=\"t m0 hd ff1 fs7 fc3 sc0 ls11 ws2 gsdb\">Income tax comprises current and def<span class=\"_ _6\"></span>erred tax<span class=\"_ _6\"></span>. It is recognised in pro<span class=\"_ _6\"></span>\ufb01t or loss, OCI or dir<span class=\"_ _6\"></span>ectly in equity, consistent with the r<span class=\"_ _6\"></span>ecognition of items it </div><div class=\"t m0 hd ff1 fs7 fc3 sc0 ls11 ws2 gsdc\">relates to<span class=\"_ _6\"></span>. The Group r<span class=\"_ _6\"></span>ecognises tax on coupons paid on non-controlling inter<span class=\"_ _6\"></span>est securities and A<span class=\"_ _1f6\"></span>T1 se<span class=\"_ _1\"></span>curities directly in pro\ufb01t or loss<span class=\"_ _8\"></span>.<span class=\"_ _383\"> </span></div><div class=\"t m0 hd ff1 fs7 fc3 sc0 ls11 ws2 gsdd\">Current t<span class=\"_ _6\"></span>ax is the expected tax char<span class=\"_ _6\"></span>ge on the taxable income for the year and any adjus<span class=\"_ _6\"></span>tments in r<span class=\"_ _6\"></span>espect of pre<span class=\"_ _6\"></span>vious years<span class=\"_ _6\"></span>.<span class=\"_ _383\"> </span></div><div class=\"t m0 hd ff1 fs7 fc3 sc0 ls11 ws2 gsde\">Deferred t<span class=\"_ _6\"></span>ax is the tax expected to be payable or r<span class=\"_ _6\"></span>ecov<span class=\"_ _6\"></span>erable in respect o<span class=\"_ _6\"></span><span class=\"_ _383\">f temporary diff</span><span class=\"_ _6\"></span>erences between the carrying amoun<span class=\"_ _6\"></span>ts of assets or </div><div class=\"t m0 hd ff1 fs7 fc3 sc0 ls11 ws2 gsdf\">liabilities for accounting purposes and carrying amount<span class=\"_ _6\"></span>s for tax purposes<span class=\"_ _6\"></span>. </div><div class=\"t m0 hd ff1 fs7 fc3 sc0 ls11 ws2 gse0\">Deferred t<span class=\"_ _6\"></span>ax assets are r<span class=\"_ _6\"></span>ecognised only to the exten<span class=\"_ _6\"></span>t that it is probable that future tax<span class=\"_ _6\"></span>able pro\ufb01t<span class=\"_ _6\"></span>s will be available to utilise the asset. The </div><div class=\"t m0 hd ff1 fs7 fc3 sc0 ls11 ws2 gse1\">recognition of def<span class=\"_ _6\"></span>erred tax is mainly dependen<span class=\"_ _6\"></span>t on the projections of futur<span class=\"_ _6\"></span>e taxable pr<span class=\"_ _6\"></span>o\ufb01ts and future r<span class=\"_ _6\"></span>ev<span class=\"_ _6\"></span>ersals of tempor<span class=\"_ _8\"></span><span class=\"_ _383\">ary differences. The </span></div><div class=\"t m0 hd ff1 fs7 fc3 sc0 ls11 ws2 gse2\">current pr<span class=\"_ _6\"></span>ojections of future t<span class=\"_ _6\"></span>axable income indicate that the Group will be able t<span class=\"_ _6\"></span>o utilise its deferr<span class=\"_ _6\"></span>ed tax asset within the for<span class=\"_ _6\"></span>eseeable future.<span class=\"_ _383\"> </span></div><div class=\"t m0 hd ff1 fs7 fc3 sc0 ls11 ws2 gse3\">Deferred t<span class=\"_ _6\"></span>ax liabilities are recognised for all t<span class=\"_ _6\"></span>axable tempor<span class=\"_ _6\"></span><span class=\"_ _383\">ary differences</span><span class=\"_ _6\"></span>.<span class=\"_ _383\"> </span></div><div class=\"t m0 hd ff1 fs7 fc3 sc0 ls11 ws2 gse4\">The Company and its tax<span class=\"_ _6\"></span>-paying UK subsidiaries are in a group paymen<span class=\"_ _6\"></span>t arrangemen<span class=\"_ _6\"></span>t for corporation tax and sho<span class=\"_ _8\"></span>w a net c<span class=\"_ _1\"></span>orporation tax liability </div><div class=\"t m0 hd ff1 fs7 fc3 sc0 ls11 ws2 gse5\">and deferr<span class=\"_ _6\"></span>ed tax liability accordingly, with the ex<span class=\"_ _6\"></span>ception of W<span class=\"_ _6\"></span>SE Bourton Road Limited which is applying to join the arrangemen<span class=\"_ _6\"></span>t. </div><div class=\"t m0 hd ff1 fs7 fc3 sc0 ls11 ws2 gse6\">The Company and its UK subsidiaries are in the same V<span class=\"_ _8\"></span>A<span class=\"_ _8\"></span>T group.<span class=\"_ _383\"> </span></div><div class=\"t m0 hc ff2 fs7 fc3 sc0 ls2 ws2 gse7\"><span class=\"_ _383\">k)\u2002Divi</span><span class=\"_ _1\"></span>den<span class=\"_ _1\"></span>ds </div><div class=\"t m0 hd ff1 fs7 fc3 sc0 ls11 ws2 gse8\">Dividends are recognised in equity in the period in which they ar<span class=\"_ _6\"></span>e paid or<span class=\"_ _8\"></span>, if earlier<span class=\"_ _8\"></span>, approv<span class=\"_ _6\"></span>ed by shareholders<span class=\"_ _8\"></span>.<span class=\"_ _383\"> </span></div><div class=\"t m0 hc ff2 fs7 fc3 sc0 ls2 ws2 gse9\"><span class=\"_ _383\">l)\u2002Ca</span><span class=\"_ _1\"></span>sh and c<span class=\"_ _1\"></span>ash e<span class=\"_ _1\"></span>qui<span class=\"_ _1\"></span>valent<span class=\"_ _1\"></span>s<span class=\"_ _383\"> </span></div><div class=\"t m0 hd ff1 fs7 fc3 sc0 ls11 ws2 gsea\">For the purposes of the Consolidated Stat<span class=\"_ _6\"></span>ement of Cash Flo<span class=\"_ _6\"></span>ws, c<span class=\"_ _6\"></span>ash and cash equivalents comprise cash, non-r<span class=\"_ _6\"></span>estricted balances with cr<span class=\"_ _6\"></span>edit </div><div class=\"t m0 hd ff1 fs7 fc3 sc0 ls11 ws2 gseb\">institutions and highly liquid \ufb01nancial assets with maturities o<span class=\"_ _6\"></span>f less than three months fr<span class=\"_ _6\"></span>om date of acquisition, subject to an insigni\ufb01can<span class=\"_ _6\"></span>t risk of </div><div class=\"t m0 hd ff1 fs7 fc3 sc0 ls11 ws2 gsec\">changes in their fair value and ar<span class=\"_ _6\"></span>e used by the Group in the management o<span class=\"_ _6\"></span>f its short-term commitments.<span class=\"_ _383\"> </span></div><div class=\"t m0 hc ff2 fs7 fc3 sc0 ls2 ws2 gsed\"><span class=\"_ _383\">m)\u2002Intangible a</span><span class=\"_ _1\"></span>ss<span class=\"_ _1\"></span>ets<span class=\"_ _383\"> </span></div><div class=\"t m0 hd ff1 fs7 fc3 sc0 ls11 ws2 gsee\">Purchased softw<span class=\"_ _6\"></span>are and costs dir<span class=\"_ _6\"></span>ectly associated with the dev<span class=\"_ _6\"></span>elopment of computer so<span class=\"_ _6\"></span>ftware are capit<span class=\"_ _6\"></span>alised as intangible assets wher<span class=\"_ _6\"></span>e the </div><div class=\"t m0 hd ff1 fs7 fc3 sc0 ls11 ws2 gsef\">software is a unique and iden<span class=\"_ _6\"></span>ti\ufb01able asset controlle<span class=\"_ _6\"></span>d by the Group and will generat<span class=\"_ _6\"></span>e future economic bene\ufb01ts<span class=\"_ _6\"></span>. Costs to es<span class=\"_ _6\"></span>tablish technological </div><div class=\"t m0 hd ff1 fs7 fc3 sc0 ls11 ws2 gsf0\">feasibility or to main<span class=\"_ _6\"></span>tain existing le<span class=\"_ _8\"></span>vels of performance are recognised as an e<span class=\"_ _6\"></span>xpense. The Group only r<span class=\"_ _6\"></span>ecognises internally gener<span class=\"_ _6\"></span>ated intangible </div><div class=\"t m0 hd ff1 fs7 fc3 sc0 ls11 ws2 gsf1\">assets if all of the follo<span class=\"_ _8\"></span>wing c<span class=\"_ _1\"></span>onditions are met:<span class=\"_ _383\"> </span></div><div class=\"t m0 hd ff1 fs7 fc3 sc0 ls11 ws6e gsf2\">\u2022 <span class=\"_ _124\"> </span><span class=\"ws2\">an asset is being created that can be identi\ufb01ed after es<span class=\"_ _6\"></span>tablishing the technical and commercial feasibility o<span class=\"_ _6\"></span>f the resulting product;<span class=\"_ _383\"> </span></span></div><div class=\"t m0 hd ff1 fs7 fc3 sc0 ls11 ws6e gsf3\">\u2022 <span class=\"_ _124\"> </span><span class=\"ws2\">it is probable that the asset created will gener<span class=\"_ _6\"></span>ate future economic bene\ufb01ts; and<span class=\"_ _383\"> </span></span></div><div class=\"t m0 hd ff1 fs7 fc3 sc0 ls11 ws6e gsf4\">\u2022 <span class=\"_ _124\"> </span><span class=\"ws2\">the development cos<span class=\"_ _6\"></span>t of the asset can be measur<span class=\"_ _6\"></span>ed reliably.<span class=\"_ _383\"> </span></span></div><div class=\"t m3 hc ff2 fs7 fc2 sc0 ls2 ws2 gsf6\"><span class=\"_ _383\">1.\u2002Acc</span><span class=\"_ _1\"></span>ountin<span class=\"_ _1\"></span>g pol<span class=\"_ _1\"></span>icie<span class=\"_ _1\"></span>s<span class=\"ff5 lsd4 ws46\"> continue<span class=\"_ _1\"></span>d<span class=\"_ _383\"> </span></span></div><div class=\"t m3 hc ff2 fs7 fc3 sc0 ls2 ws2 gs98\"><span class=\"_ _383\">m)\u2002Intangible a</span><span class=\"_ _1\"></span>ss<span class=\"_ _1\"></span>ets<span class=\"ff5 lsd4 ws46\"> c<span class=\"_ _1\"></span>ontinue<span class=\"_ _1\"></span>d<span class=\"_ _383\"> </span></span></div><div class=\"t m3 hd ff1 fs7 fc3 sc0 ls11 ws2 gs99\">Subsequent expenditur<span class=\"_ _6\"></span>e on an internally gener<span class=\"_ _6\"></span>ated int<span class=\"_ _6\"></span>angible asset, after its purchase or completion, is recognised as an e<span class=\"_ _6\"></span>xpense in the period in </div><div class=\"t m3 hd ff1 fs7 fc3 sc0 ls11 ws2 gs9a\">which it is incurred. Where no in<span class=\"_ _6\"></span>ternally generat<span class=\"_ _6\"></span>ed intangible asset can be r<span class=\"_ _6\"></span>ecognised, dev<span class=\"_ _6\"></span>elopment expenditur<span class=\"_ _6\"></span>e is recognised as an expense in </div><div class=\"t m3 hd ff1 fs7 fc3 sc0 ls11 ws2 gs9b\">the period in which it is incurred.<span class=\"_ _383\"> </span></div><div class=\"t m3 hd ff1 fs7 fc3 sc0 ls11 ws2 gsf7\">Software-as-a-service (SaaS), is an arrangemen<span class=\"_ _6\"></span>t that provides the Gr<span class=\"_ _6\"></span>oup with the right to r<span class=\"_ _6\"></span>eceive access to the supplier\u2019<span class=\"_ _8\"></span>s application software in </div><div class=\"t m3 hd ff1 fs7 fc3 sc0 ls11 ws2 gs9d\">the future which is treat<span class=\"_ _6\"></span>ed as a service contract, rather than a so<span class=\"_ _6\"></span>ftware lease or the acquisition o<span class=\"_ _6\"></span>f a software in<span class=\"_ _6\"></span>tangible asset. </div><div class=\"t m3 hd ff1 fs7 fc3 sc0 ls11 ws2 gs9f\">An intangible asset is only r<span class=\"_ _6\"></span>ecognised if:<span class=\"_ _383\"> </span></div><div class=\"t m3 hd ff1 fs7 fc3 sc0 ls11 ws6e gsf8\">\u2022 <span class=\"_ _124\"> </span><span class=\"ws2\">The Group has the contractual righ<span class=\"_ _6\"></span>t to tak<span class=\"_ _8\"></span>e possession of the software during the hos<span class=\"_ _6\"></span>ting period without signi\ufb01cant penalty; and<span class=\"_ _383\"> </span></span></div><div class=\"t m3 hd ff1 fs7 fc3 sc0 ls11 ws6e gsf9\">\u2022 <span class=\"_ _124\"> </span><span class=\"ws2\">It is feasible for the Group to run the softw<span class=\"_ _6\"></span>are on its o<span class=\"_ _6\"></span>wn hardw<span class=\"_ _6\"></span>are or contr<span class=\"_ _6\"></span>act with a party unrelated to the supplier to hos<span class=\"_ _6\"></span>t the software<span class=\"_ _8\"></span>.<span class=\"_ _383\"> </span></span></div><div class=\"t m3 hd ff1 fs7 fc3 sc0 ls11 ws2 gsfa\">The costs of con\ufb01guring or cus<span class=\"_ _6\"></span>tomising supplier application softwar<span class=\"_ _6\"></span>e in a SaaS arrangemen<span class=\"_ _6\"></span>t that is determined to be a service contract is </div><div class=\"t m3 hd ff1 fs7 fc3 sc0 ls11 ws2 gsfb\">recognised as an expense or pr<span class=\"_ _6\"></span>epayment. Where the con\ufb01gur<span class=\"_ _6\"></span>ation and customisation services are not dis<span class=\"_ _6\"></span>tinct from the right t<span class=\"_ _6\"></span>o receive access to </div><div class=\"t m3 hd ff1 fs7 fc3 sc0 ls11 ws2 gsfc\">the software<span class=\"_ _8\"></span>, then the c<span class=\"_ _1\"></span>osts ar<span class=\"_ _6\"></span>e recognised as an expense o<span class=\"_ _6\"></span>ver the term o<span class=\"_ _6\"></span>f the arrangement. </div><div class=\"t m3 hd ff1 fs7 fc3 sc0 ls11 ws2 gsfd\">Intangible assets ar<span class=\"_ _6\"></span>e re<span class=\"_ _6\"></span>view<span class=\"_ _6\"></span>ed for impairment semi-annually, and if they ar<span class=\"_ _6\"></span>e considered to be impair<span class=\"_ _6\"></span>ed, are written do<span class=\"_ _6\"></span>wn immediately to their </div><div class=\"t m3 hd ff1 fs7 fc3 sc0 ls11 ws2 gsfe\">recov<span class=\"_ _6\"></span>erable amoun<span class=\"_ _6\"></span>ts. Impairmen<span class=\"_ _6\"></span>t losses previously r<span class=\"_ _6\"></span>ecognised for intangible asse<span class=\"_ _6\"></span>ts, other than goodwill, ar<span class=\"_ _6\"></span>e re<span class=\"_ _6\"></span>versed when ther<span class=\"_ _6\"></span>e has been </div><div class=\"t m3 hd ff1 fs7 fc3 sc0 ls11 ws2 gsff\">a change in the estimates used to de<span class=\"_ _6\"></span>termine the asset\u2019<span class=\"_ _1f6\"></span>s recover<span class=\"_ _6\"></span>able amount. An impairment loss r<span class=\"_ _6\"></span>ev<span class=\"_ _6\"></span>ersal is recognised in the Consolidated </div><div class=\"t m3 hd ff1 fs7 fc3 sc0 ls11 ws2 gs100\">Statemen<span class=\"_ _6\"></span>t of Comprehensiv<span class=\"_ _6\"></span>e Income and the carrying amount of the asset is incre<span class=\"_ _6\"></span>ased to its recov<span class=\"_ _8\"></span>erable amount.<span class=\"_ _383\"> </span></div><div class=\"t m3 hd ff1 fs7 fc3 sc0 ls11 ws2 gs101\">Intangible assets ar<span class=\"_ _6\"></span>e amortised in pro\ufb01t or loss ov<span class=\"_ _8\"></span>er their estimated useful lives as f<span class=\"_ _6\"></span>ollows:<span class=\"_ _383\"> </span></div><div class=\"t m3 hd ff1 fs7 fc3 sc0 ls11 ws2 gs102\">Software and in<span class=\"_ _6\"></span>ternally generat<span class=\"_ _6\"></span>ed assets <span class=\"_ _23\"></span> <span class=\"_ _93\"> </span>5 year straigh<span class=\"_ _6\"></span>t line<span class=\"_ _383\"> </span></div><div class=\"t m3 hd ff1 fs7 fc3 sc0 ls11 ws2 gs103\">Developmen<span class=\"_ _6\"></span>t costs<span class=\"_ _6\"></span>, brand and technology <span class=\"_ _50\"> </span>4 year s<span class=\"_ _6\"></span>traigh<span class=\"_ _6\"></span>t line<span class=\"_ _383\"> </span></div><div class=\"t m3 hd ff1 fs7 fc3 sc0 ls11 ws2 gs104\">Brok<span class=\"_ _8\"></span>er relationships <span class=\"_ _f\"> </span> <span class=\"_ _93\"> </span> <span class=\"_ _93\"> </span> <span class=\"_ _93\"> </span>5 year pro\ufb01le<span class=\"_ _383\"> </span></div><div class=\"t m3 hd ff1 fs7 fc3 sc0 ls11 ws2 gs105\">Bank licence <span class=\"_ _76\"> </span> <span class=\"_ _9d\"> </span> <span class=\"_ _93\"> </span> <span class=\"_ _93\"> </span>3 year str<span class=\"_ _6\"></span>aight line<span class=\"_ _383\"> </span></div><div class=\"t m3 hd ff1 fs7 fc3 sc0 ls11 ws2 gs106\">For dev<span class=\"_ _6\"></span>elopment costs that ar<span class=\"_ _6\"></span>e under construction, no amortisation will be applied until the asset is available f<span class=\"_ _6\"></span>or use and is calculated using a full </div><div class=\"t m3 hd ff1 fs7 fc3 sc0 ls11 ws2 gs107\">month when available f<span class=\"_ _6\"></span>or use. </div><div class=\"t m3 hd ff1 fs7 fc3 sc0 ls11 ws2 gs108\">The Group re<span class=\"_ _6\"></span>view<span class=\"_ _6\"></span>s the amortisation period on an annual basis. If the expected use<span class=\"_ _6\"></span><span class=\"_ _383\">ful life of assets is diff</span><span class=\"_ _6\"></span>erent fr<span class=\"_ _6\"></span>om pre<span class=\"_ _6\"></span>vious assessments<span class=\"_ _6\"></span>, the </div><div class=\"t m3 hd ff1 fs7 fc3 sc0 ls11 ws2 gs109\">amortisation period is changed accordingly.<span class=\"_ _383\">  </span></div><div class=\"t m3 hc ff2 fs7 fc3 sc0 ls2 ws2 gsb3\"><span class=\"_ _383\">n)\u2002Proper</span><span class=\"_ _1\"></span>ty, p<span class=\"_ _1\"></span>lant an<span class=\"_ _1\"></span>d equip<span class=\"_ _1\"></span>me<span class=\"_ _1\"></span>nt<span class=\"_ _383\"> </span></div><div class=\"t m3 hd ff1 fs7 fc3 sc0 ls11 ws2 gs10a\">Property, plant and equipment comprise fr<span class=\"_ _6\"></span>eehold land and buildings, major alter<span class=\"_ _6\"></span><span class=\"_ _383\">ations to office premises</span><span class=\"_ _6\"></span>, computer equipment and \ufb01xtur<span class=\"_ _6\"></span>es </div><div class=\"t m3 hd ff1 fs7 fc3 sc0 ls11 ws2 gsb4\">measured at cost less accumulate<span class=\"_ _6\"></span>d depreciation. These assets are r<span class=\"_ _6\"></span>evie<span class=\"_ _6\"></span>wed f<span class=\"_ _6\"></span>or impairment annually, and if they are consider<span class=\"_ _6\"></span>ed to be impaired, </div><div class=\"t m3 hd ff1 fs7 fc3 sc0 ls11 ws2 gsb5\">are written do<span class=\"_ _6\"></span>wn immediately to their reco<span class=\"_ _6\"></span>ver<span class=\"_ _6\"></span>able amounts<span class=\"_ _6\"></span>.<span class=\"_ _383\"> </span></div><div class=\"t m3 hd ff1 fs7 fc3 sc0 ls11 ws2 gsb6\">Items of property, plant and equipmen<span class=\"_ _6\"></span>t are depreciate<span class=\"_ _6\"></span>d on a straigh<span class=\"_ _6\"></span>t-line basis ov<span class=\"_ _6\"></span>er their estimated use<span class=\"_ _6\"></span>ful economic lives as follo<span class=\"_ _6\"></span>ws:<span class=\"_ _383\"> </span></div><div class=\"t m3 hd ff1 fs7 fc3 sc0 ls11 ws186 gsb8\">Buildings <span class=\"_ _213\"></span>    50 <span class=\"_ _214\"></span>years<span class=\"_ _383\"> </span></div><div class=\"t m3 hd ff1 fs7 fc3 sc0 ls11 ws2 gsb9\">Leasehold impr<span class=\"_ _6\"></span>ov<span class=\"_ _6\"></span>ements <span class=\"_ _aa\"> </span> <span class=\"_ _93\"> </span> <span class=\"_ _93\"> </span>10 years<span class=\"_ _383\"> </span></div><div class=\"t m3 hd ff1 fs7 fc3 sc0 ls11 ws2 gs10b\">Equipment and \ufb01xtur<span class=\"_ _6\"></span>es <span class=\"_ _69\"> </span> <span class=\"_ _93\"> </span> <span class=\"_ _9d\"> </span>5 years<span class=\"_ _383\"> </span></div><div class=\"t m3 hd ff1 fs7 fc3 sc0 ls11 ws2 gsbb\">Land, deemed to be 2<span class=\"_ _6\"></span>5% of purchase price of buildings<span class=\"_ _8\"></span>, is not depreciated. </div><div class=\"t m3 hd ff1 fs7 fc3 sc0 ls11 ws2 gs10c\">The cost of r<span class=\"_ _6\"></span>epairs and rene<span class=\"_ _6\"></span>wals is char<span class=\"_ _6\"></span>ged to pro<span class=\"_ _6\"></span>\ufb01t or loss in the period in which the expenditur<span class=\"_ _6\"></span>e is incurred.<span class=\"_ _383\"> </span></div><div class=\"t m3 hc ff2 fs7 fc3 sc0 ls2 ws2 gs10d\">o<span class=\"_ _6\"></span><span class=\"_ _383\">)\u2002Invest</span><span class=\"_ _1\"></span>me<span class=\"_ _1\"></span>nt in subs<span class=\"_ _1\"></span>idiari<span class=\"_ _1\"></span>es<span class=\"_ _383\"> </span></div><div class=\"t m3 hd ff1 fs7 fc3 sc0 ls11 ws2 gs10e\">In the Company\u2019<span class=\"_ _8\"></span>s \ufb01nancial statemen<span class=\"_ _6\"></span>ts, in<span class=\"_ _8\"></span>vestments in subsidiary undertakings are s<span class=\"_ _6\"></span>tated at cost less pr<span class=\"_ _6\"></span>ovision for any impairmen<span class=\"_ _6\"></span>t. A full list </div><div class=\"t m3 hd ff1 fs7 fc3 sc0 ls11 ws2 gsc0\">of the Company\u2019<span class=\"_ _1f6\"></span>s subsidiaries which are included in the Group<span class=\"_ _8\"></span>\u2019<span class=\"_ _6\"></span>s consolidated \ufb01nancial statemen<span class=\"_ _6\"></span>ts can be found in not<span class=\"_ _6\"></span>e 2 to the Company\u2019<span class=\"_ _1f6\"></span>s<span class=\"_ _1\"></span> </div><div class=\"t m3 hd ff1 fs7 fc3 sc0 ls11 ws2 gsc1\">\ufb01nancial statemen<span class=\"_ _6\"></span>ts on page 243.<span class=\"_ _383\"> </span></div><div class=\"t m3 hd ff1 fs7 fc3 sc0 ls11 ws2 gsc2\">The Company performs an annual impairment assessment of it<span class=\"_ _6\"></span>s inv<span class=\"_ _6\"></span>estment in subsidiary undertakings<span class=\"_ _6\"></span>, assessing the carrying value of the </div><div class=\"t m3 hd ff1 fs7 fc3 sc0 ls11 ws2 gsc3\">inv<span class=\"_ _6\"></span>estment in each subsidiary agains<span class=\"_ _6\"></span>t the subsidiary\u2019<span class=\"_ _1f6\"></span>s net asset values at the reporting date for indication of impairmen<span class=\"_ _6\"></span>t. Where there is </div><div class=\"t m3 hd ff1 fs7 fc3 sc0 ls11 ws2 gs10f\">indication of impairment, the Company es<span class=\"_ _6\"></span>timates the subsidiary\u2019<span class=\"_ _1f6\"></span>s value in use by estimating future pr<span class=\"_ _6\"></span>o\ufb01tability and the impact on the net assets </div><div class=\"t m3 hd ff1 fs7 fc3 sc0 ls11 ws2 gs110\">of the subsidiary. The Company recognises an impairment dir<span class=\"_ _6\"></span>ectly in pro\ufb01t or loss when the r<span class=\"_ _6\"></span>ecover<span class=\"_ _6\"></span>able amount, which is the great<span class=\"_ _6\"></span>er of the value </div><div class=\"t m3 hd ff1 fs7 fc3 sc0 ls11 ws2 gs111\">in use or the fair value less cost<span class=\"_ _6\"></span>s to sell, is less than the carrying value of the in<span class=\"_ _6\"></span>ves<span class=\"_ _6\"></span>tment. Impairment<span class=\"_ _6\"></span>s are subsequently r<span class=\"_ _6\"></span>ev<span class=\"_ _6\"></span>ersed if the reco<span class=\"_ _6\"></span>ver<span class=\"_ _6\"></span>able </div><div class=\"t m3 hd ff1 fs7 fc3 sc0 ls11 ws2 gs112\">amount ex<span class=\"_ _6\"></span>ceeds the carrying value.<span class=\"_ _383\"> </span></div><div class=\"t m0 hc ff2 fs7 fc3 sc0 ls2c ws29 gs114\">p<span class=\"_ _6\"></span><span class=\"_ _383\">)\u2002Financial instrum</span><span class=\"_ _1\"></span>ents<span class=\"_ _383\"> </span></div><div class=\"t m0 h2b ff3 fs7 fc2 sc0 ls2 ws2 gs115\"><span class=\"_ _383\">i.\u2002Rec</span><span class=\"_ _1\"></span>ogn<span class=\"_ _1\"></span>ition<span class=\"_ _383\"> </span></div><div class=\"t m0 hd ff1 fs7 fc3 sc0 ls11 ws2 gs116\">The Group initially recognises loans and adv<span class=\"_ _6\"></span>ances, deposits<span class=\"_ _6\"></span>, debt securities issued and subordinated liabilities on the dat<span class=\"_ _6\"></span>e on which they are </div><div class=\"t m0 hd ff1 fs7 fc3 sc0 ls11 ws2 gs117\">originated or acquired. All o<span class=\"_ _6\"></span>ther \ufb01nancial instruments ar<span class=\"_ _6\"></span>e accounted for on the tr<span class=\"_ _6\"></span>ade date which is when the Group becomes a party to the </div><div class=\"t m0 hd ff1 fs7 fc3 sc0 ls11 ws2 gs118\">contractual pr<span class=\"_ _6\"></span>ovisions o<span class=\"_ _6\"></span>f the instrument. </div><div class=\"t m0 hd ff1 fs7 fc3 sc0 ls11 ws2 gs119\">For \ufb01nancial instrument<span class=\"_ _6\"></span>s classi\ufb01ed as amortised cost or FVOCI, the Gr<span class=\"_ _6\"></span>oup initially recognises \ufb01nancial assets and \ufb01nancial liabilities at fair v<span class=\"_ _6\"></span>alue </div><div class=\"t m0 hd ff1 fs7 fc3 sc0 ls11 ws2 gs11a\">plus transaction income or cost<span class=\"_ _6\"></span>s that are directly attributable t<span class=\"_ _6\"></span>o its origination, acquisition or issue. Financial ins<span class=\"_ _6\"></span>truments classi\ufb01ed as amortised </div><div class=\"t m0 hd ff1 fs7 fc3 sc0 ls11 ws2 gs11b\">cost are subsequen<span class=\"_ _6\"></span>tly measured using the EIR method. </div><div class=\"t m0 hd ff1 fs7 fc3 sc0 ls11 ws2 gs11c\">T<span class=\"_ _8\"></span>ransaction costs r<span class=\"_ _6\"></span>elating to the acquisition or issue of a \ufb01nancial ins<span class=\"_ _6\"></span>trument at FVTPL are recognised in the pro<span class=\"_ _6\"></span>\ufb01t or loss as incurred. </div><div class=\"t m0 hd ff1 fs7 fc3 sc0 ls11 ws2 gs11d\">A<span class=\"_ _8\"></span>T1 securities are designated as equity instrumen<span class=\"_ _6\"></span>ts and recognised at fair v<span class=\"_ _6\"></span>alue on the date of issuance in equity along with incremen<span class=\"_ _6\"></span>tal costs </div><div class=\"t m0 hd ff1 fs7 fc3 sc0 ls11 ws2 gs11e\">directly attributable to the issuance of equity ins<span class=\"_ _6\"></span>truments<span class=\"_ _8\"></span>.<span class=\"_ _383\"> </span></div><div class=\"t m0 h2b ff3 fs7 fc2 sc0 ls24 ws21 gs11f\"><span class=\"_ _383\">ii.\u2002</span><span class=\"_ _6\"></span>Classi\ufb01cation<span class=\"_ _383\"> </span></div><div class=\"t m0 hd ff1 fs7 fc3 sc0 ls11 ws2 gs120\">The Group classi\ufb01es \ufb01nancial instrumen<span class=\"_ _6\"></span>ts based on the business model and the contr<span class=\"_ _6\"></span>actual cash \ufb02o<span class=\"_ _6\"></span>w characteris<span class=\"_ _6\"></span>tics of the \ufb01nancial instrumen<span class=\"_ _6\"></span>ts. </div><div class=\"t m0 hd ff1 fs7 fc3 sc0 ls11 ws2 gs121\">Under IFRS 9<span class=\"_ _1f6\"></span>, the Group classi\ufb01es \ufb01nancial assets in<span class=\"_ _6\"></span>to one of three measur<span class=\"_ _6\"></span>ement categories:<span class=\"_ _383\"> </span></div><div class=\"t m0 hd ff1 fs7 fc3 sc0 ls11 ws6e gs122\">\u2022 <span class=\"_ _124\"> </span><span class=\"ff2 ws2\">Amor<span class=\"_ _1\"></span>tised c<span class=\"_ _1\"></span>ost<span class=\"ff1\"> \u2013 assets in a business model to hold \ufb01nancial assets in or<span class=\"_ _6\"></span>der to collect contrac<span class=\"_ _6\"></span>tual cash \ufb02ows<span class=\"_ _8\"></span>, where the contractual terms o<span class=\"_ _6\"></span>f </span></span></div><div class=\"t m0 hd ff1 fs7 fc3 sc0 ls11 ws2 gs123\">the \ufb01nancial asset give rise on speci\ufb01ed dates t<span class=\"_ _6\"></span>o cash \ufb02ows that ar<span class=\"_ _6\"></span>e solely payments of principal and in<span class=\"_ _6\"></span>teres<span class=\"_ _6\"></span>t (SPPI) on the principal amount </div><div class=\"t m0 hd ff1 fs7 fc3 sc0 ls11 ws6e gs124\">outstanding. </div><div class=\"t m0 hd ff1 fs7 fc3 sc0 ls11 ws6e gs125\">\u2022 <span class=\"_ _124\"> </span><span class=\"ff2 lsee wsf3\">F<span class=\"_ _2\"></span>VO<span class=\"_ _1\"></span>C<span class=\"_ _1\"></span>I<span class=\"_ _2\"></span></span><span class=\"ws2\"> \u2013 assets held in a business model which collects contr<span class=\"_ _6\"></span>actual cash \ufb02ow<span class=\"_ _6\"></span>s and sells \ufb01nancial assets where the contr<span class=\"_ _6\"></span>actual terms of the </span></div><div class=\"t m0 hd ff1 fs7 fc3 sc0 ls11 ws2 gs126\">\ufb01nancial assets give rise on speci\ufb01ed dat<span class=\"_ _6\"></span>es to cash \ufb02ows that ar<span class=\"_ _6\"></span>e SPPI on the principal amount outs<span class=\"_ _6\"></span>tanding. </div><div class=\"t m0 hd ff1 fs7 fc3 sc0 ls11 ws6e gs127\">\u2022 <span class=\"_ _124\"> </span><span class=\"ff2\">F<span class=\"_ _1\"></span>V<span class=\"_ _1\"></span>TPL</span><span class=\"ws2\"> \u2013 assets not measured at amortised cost or FV<span class=\"_ _8\"></span>OCI. The Group measures derivativ<span class=\"_ _6\"></span>es, an acquir<span class=\"_ _6\"></span>ed mortgage por<span class=\"_ _1\"></span>tfolio and an </span></div><div class=\"t m0 hd ff1 fs7 fc3 sc0 ls11 ws2 gs128\">inv<span class=\"_ _6\"></span>estment security under this cate<span class=\"_ _6\"></span>gory. </div><div class=\"t m0 hd ff1 fs7 fc3 sc0 ls11 ws2 gs129\">The Group classi\ufb01es non-derivativ<span class=\"_ _6\"></span>e \ufb01nancial liabilities as measured at amortised cost.<span class=\"_ _383\"> </span></div><div class=\"t m0 hd ff1 fs7 fc3 sc0 ls11 ws2 gs12a\">The Group has no non-derivativ<span class=\"_ _6\"></span>e \ufb01nancial assets or liabilities classi\ufb01ed as held for tr<span class=\"_ _6\"></span>ading. </div><div class=\"t m0 hd ff1 fs7 fc3 sc0 ls11 ws2 gs12b\">The Group reassesses it<span class=\"_ _6\"></span>s business models each reporting period.<span class=\"_ _383\"> </span></div><div class=\"t m0 hd ff1 fs7 fc3 sc0 ls11 ws2 gs12c\">The Group classi\ufb01es certain \ufb01nancial instruments as e<span class=\"_ _6\"></span>quity where they meet the follo<span class=\"_ _6\"></span>wing conditions:<span class=\"_ _383\"> </span></div><div class=\"t m0 hd ff1 fs7 fc3 sc0 ls11 ws6e gs12d\">\u2022 <span class=\"_ _124\"> </span><span class=\"ws2\">the \ufb01nancial instrument includes no contr<span class=\"_ _6\"></span>actual obligation to deliver cash or another \ufb01nancial asse<span class=\"_ _6\"></span>t on potentially unf<span class=\"_ _6\"></span>avour<span class=\"_ _6\"></span>able conditions;<span class=\"_ _383\"> </span></span></div><div class=\"t m0 hd ff1 fs7 fc3 sc0 ls11 ws6e gs12e\">\u2022 <span class=\"_ _124\"> </span><span class=\"ws2\">the \ufb01nancial instrument is a non-derivativ<span class=\"_ _6\"></span>e that includes no contractual obligation f<span class=\"_ _6\"></span>or the issuer to deliver a v<span class=\"_ _6\"></span>ariable number of its own e<span class=\"_ _6\"></span>quity </span></div><div class=\"t m0 hd ff1 fs7 fc3 sc0 ls11 ws2 gs12f\">instrument<span class=\"_ _6\"></span>s; or<span class=\"_ _383\"> </span></div><div class=\"t m0 hd ff1 fs7 fc3 sc0 ls11 ws6e gs130\">\u2022 <span class=\"_ _124\"> </span><span class=\"ws2\">the \ufb01nancial instrument is a derivativ<span class=\"_ _6\"></span>e that will be settled only by the issuer ex<span class=\"_ _6\"></span>changing a \ufb01xed amount o<span class=\"_ _6\"></span>f cash or another \ufb01nancial asset for </span></div><div class=\"t m0 hd ff1 fs7 fc3 sc0 ls11 ws2 gs131\">a \ufb01xed number of it<span class=\"_ _6\"></span>s own equity ins<span class=\"_ _6\"></span>truments<span class=\"_ _6\"></span>.<span class=\"_ _383\"> </span></div><div class=\"t m0 hd ff1 fs7 fc3 sc0 ls11 ws2 gs132\">During the year equity \ufb01nancial instrumen<span class=\"_ _6\"></span>ts comprised own shar<span class=\"_ _6\"></span>es, and A<span class=\"_ _1f6\"></span>T1 securities (2021: and non-controlling in<span class=\"_ _6\"></span>terest securities). Accor<span class=\"_ _6\"></span>dingly, </div><div class=\"t m0 hd ff1 fs7 fc3 sc0 ls11 ws2 gs133\">the coupons paid on the non-controlling int<span class=\"_ _6\"></span>erest securities and A<span class=\"_ _1f6\"></span>T1 securities are recognised directly in retaine<span class=\"_ _6\"></span><span class=\"_ _383\">d earnings when paid.\u2003</span></div><div class=\"t m0 h2b ff3 fs7 fc2 sc0 ls2 ws2 gs134\"><span class=\"_ _383\">iii.\u2002D</span><span class=\"_ _1\"></span>ere<span class=\"_ _1\"></span>co<span class=\"_ _1\"></span>gnit<span class=\"_ _1\"></span>ion<span class=\"_ _383\"> </span></div><div class=\"t m0 hd ff1 fs7 fc3 sc0 ls11 ws2 gs135\">The Group derecognises \ufb01nancial assets when the con<span class=\"_ _6\"></span>tractual righ<span class=\"_ _6\"></span>ts to the cash \ufb02ow<span class=\"_ _6\"></span>s expire or the Gr<span class=\"_ _6\"></span>oup transf<span class=\"_ _6\"></span>ers subst<span class=\"_ _6\"></span>antially all risk<span class=\"_ _6\"></span>s and </div><div class=\"t m0 hd ff1 fs7 fc3 sc0 ls11 ws2 gs136\">re<span class=\"_ _6\"></span>war<span class=\"_ _6\"></span>ds of owner<span class=\"_ _6\"></span>ship of the \ufb01nancial asset. </div><div class=\"t m0 hd ff1 fs7 fc3 sc0 ls11 ws2 gs137\"><span class=\"_ _383\">The Group off</span><span class=\"_ _6\"></span>ers re<span class=\"_ _6\"></span>\ufb01nancing options to customer<span class=\"_ _6\"></span>s which have been assessed within the principles of IFR<span class=\"_ _6\"></span>S 9 and rele<span class=\"_ _6\"></span>vant guidance. The </div><div class=\"t m0 hd ff1 fs7 fc3 sc0 ls11 ws2 gs138\">assessment concludes the original mortgage asset is derecognised at the re\ufb01nancing poin<span class=\"_ _6\"></span>t with a new \ufb01nancial asset r<span class=\"_ _6\"></span>ecognised.<span class=\"_ _383\"> </span></div><div class=\"t m0 hd ff1 fs7 fc3 sc0 ls11 ws2 gs139\">The forbear<span class=\"_ _6\"></span><span class=\"_ _383\">ance measures offer</span><span class=\"_ _6\"></span>ed by the Group are consider<span class=\"_ _6\"></span>ed a modi\ufb01cation ev<span class=\"_ _8\"></span>ent as the contractual cash \ufb02o<span class=\"_ _6\"></span>ws are r<span class=\"_ _6\"></span>enegotiated or otherwise </div><div class=\"t m0 hd ff1 fs7 fc3 sc0 ls11 ws2 gs13a\">modi\ufb01ed. The Group considers the r<span class=\"_ _6\"></span>enegotiated or modi\ufb01ed cash \ufb02o<span class=\"_ _8\"></span>ws are not a substantial mo<span class=\"_ _6\"></span>di\ufb01cation from the contr<span class=\"_ _6\"></span>actual cash \ufb02ow<span class=\"_ _6\"></span>s and </div><div class=\"t m0 hd ff1 fs7 fc3 sc0 ls11 ws2 gs13b\">does not consider that forbearance measur<span class=\"_ _6\"></span>es give rise to a der<span class=\"_ _6\"></span>ecognition even<span class=\"_ _6\"></span>t. </div><div class=\"t m0 hd ff1 fs7 fc3 sc0 ls11 ws2 gs13c\">Financial liabilities are derecognised only when the obligation is dischar<span class=\"_ _6\"></span>ged, cancelled or has expir<span class=\"_ _6\"></span>ed.<span class=\"_ _383\"> </span></div><div class=\"t m0 h2b ff3 fs7 fc2 sc0 ls2 ws2 gs13d\"><span class=\"_ _383\">iv.\u2002Offse</span><span class=\"_ _1\"></span>tti<span class=\"_ _1\"></span>ng<span class=\"_ _383\"> </span></div><div class=\"t m0 hd ff1 fs7 fc3 sc0 ls11 ws2 gs13e\">Financial assets and \ufb01nancial liabilities are o<span class=\"_ _6\"></span><span class=\"_ _383\">ffset and the net amount pr</span><span class=\"_ _6\"></span>esented in the Consolidated S<span class=\"_ _6\"></span>tatement o<span class=\"_ _6\"></span>f Financial Position when, and </div><div class=\"t m0 hd ff1 fs7 fc3 sc0 ls11 ws2 gs13f\">only when, the Group curren<span class=\"_ _6\"></span>tly has a legally enfor<span class=\"_ _6\"></span><span class=\"_ _383\">ceable right to off</span><span class=\"_ _6\"></span>set the amounts and it in<span class=\"_ _6\"></span>tends either to settle them on a net basis or to r<span class=\"_ _6\"></span>ealise </div><div class=\"t m0 hd ff1 fs7 fc3 sc0 ls11 ws2 gs140\">the asset and settle the liability simultaneously. </div><div class=\"t m0 hd ff1 fs7 fc3 sc0 ls11 ws2 gs141\">The Group<span class=\"_ _8\"></span>\u2019<span class=\"_ _6\"></span>s derivativ<span class=\"_ _6\"></span>es are cov<span class=\"_ _6\"></span>ered by indus<span class=\"_ _6\"></span>try standar<span class=\"_ _6\"></span>d master netting agr<span class=\"_ _6\"></span>eements<span class=\"_ _6\"></span>. Master netting agr<span class=\"_ _6\"></span>eements creat<span class=\"_ _6\"></span>e a right of set-o<span class=\"_ _6\"></span><span class=\"_ _383\">ff that </span></div><div class=\"t m0 hd ff1 fs7 fc3 sc0 ls11 ws2 gs142\">becomes enforceable only follo<span class=\"_ _8\"></span>wing a spe<span class=\"_ _1\"></span>ci\ufb01ed ev<span class=\"_ _6\"></span>ent of de<span class=\"_ _6\"></span>fault or in other circums<span class=\"_ _6\"></span>tances not expected to arise in the normal cour<span class=\"_ _6\"></span>se of business<span class=\"_ _6\"></span>. </div><div class=\"t m0 hd ff1 fs7 fc3 sc0 ls11 ws2 gs143\">These arrangemen<span class=\"_ _6\"></span><span class=\"_ _383\">ts do not qualify for off</span><span class=\"_ _6\"></span>setting and as such the Group reports derivativ<span class=\"_ _6\"></span>es on a gross basis<span class=\"_ _6\"></span>.<span class=\"_ _383\"> </span></div><div class=\"t m3 hc ff2 fs7 fc2 sc0 ls2 ws2 gsca\"><span class=\"_ _383\">1.\u2002Acc</span><span class=\"_ _1\"></span>ountin<span class=\"_ _1\"></span>g pol<span class=\"_ _1\"></span>icie<span class=\"_ _1\"></span>s<span class=\"ff5 lsd4 ws46\"> continue<span class=\"_ _1\"></span>d<span class=\"_ _383\"> </span></span></div><div class=\"t m3 hc ff2 fs7 fc3 sc0 ls2c ws29 gs145\">p<span class=\"_ _6\"></span><span class=\"_ _383\">)\u2002Financial instrum</span><span class=\"_ _1\"></span>ents<span class=\"ff5 lsd4 ws46\"> continu<span class=\"_ _1\"></span>ed<span class=\"_ _383\"> </span></span></div><div class=\"t m3 hd ff1 fs7 fc3 sc0 ls11 ws2 gscb\">Collateral in r<span class=\"_ _6\"></span>espect of derivatives is subject t<span class=\"_ _6\"></span>o the standar<span class=\"_ _6\"></span>d industry terms of In<span class=\"_ _6\"></span>ternational Sw<span class=\"_ _6\"></span>aps and Derivatives Association (ISD<span class=\"_ _6\"></span>A) Credit </div><div class=\"t m3 hd ff1 fs7 fc3 sc0 ls11 ws2 gscc\">Support Annex. This means that the cash r<span class=\"_ _6\"></span>eceived or given as collater<span class=\"_ _6\"></span>al can be pledged or used during the term o<span class=\"_ _6\"></span>f the transaction but mus<span class=\"_ _6\"></span>t </div><div class=\"t m3 hd ff1 fs7 fc3 sc0 ls11 ws2 gs146\">be returned on maturity of the tr<span class=\"_ _8\"></span>ansaction. The terms also give each counterparty the right to terminate the r<span class=\"_ _6\"></span>elated tr<span class=\"_ _6\"></span>ansactions upon the </div><div class=\"t m3 hd ff1 fs7 fc3 sc0 ls11 ws2 gscd\">counterparty\u2019<span class=\"_ _1f6\"></span>s failure to post collater<span class=\"_ _6\"></span>al. Collateral paid or receiv<span class=\"_ _6\"></span><span class=\"_ _383\">ed does not qualify for off</span><span class=\"_ _6\"></span>setting and is recognised in loans and advances to </div><div class=\"t m3 hd ff1 fs7 fc3 sc0 ls11 ws2 gs147\">credit ins<span class=\"_ _6\"></span>titutions and amounts o<span class=\"_ _6\"></span>wed to cr<span class=\"_ _6\"></span>edit institutions<span class=\"_ _6\"></span>, respectiv<span class=\"_ _6\"></span>ely.<span class=\"_ _383\"> </span></div><div class=\"t m3 h2b ff3 fs7 fc2 sc0 ls2 ws2 gscf\">v<span class=\"_ _6\"></span><span class=\"_ _383\">.\u2002Amo</span><span class=\"_ _1\"></span>rti<span class=\"_ _1\"></span>se<span class=\"_ _1\"></span>d co<span class=\"_ _1\"></span>st me<span class=\"_ _1\"></span>as<span class=\"_ _1\"></span>ure<span class=\"_ _1\"></span>me<span class=\"_ _1\"></span>nt<span class=\"_ _383\"> </span></div><div class=\"t m3 hd ff1 fs7 fc3 sc0 ls11 ws2 gsd0\">The amortised cost of a \ufb01nancial asset or \ufb01nancial liability is the amount at which the \ufb01nancial asset or \ufb01nancial liability is measur<span class=\"_ _6\"></span>ed at initial </div><div class=\"t m3 hd ff1 fs7 fc3 sc0 ls11 ws2 gs148\">recognition, less principal payments or r<span class=\"_ _6\"></span>eceipts, plus or minus the cumulativ<span class=\"_ _6\"></span><span class=\"_ _383\">e amortisation using the EIR method of any difference betw</span><span class=\"_ _6\"></span>een the </div><div class=\"t m3 hd ff1 fs7 fc3 sc0 ls11 ws2 gsd1\">initial amount recognised and the maturity amoun<span class=\"_ _6\"></span>t, minus any reduction for impairmen<span class=\"_ _6\"></span>t of assets<span class=\"_ _6\"></span>.<span class=\"_ _383\"> </span></div><div class=\"t m3 h2b ff3 fs7 fc2 sc0 ls2 ws2 gsd3\"><span class=\"_ _383\">vi.\u2002Fa</span><span class=\"_ _1\"></span>ir valu<span class=\"_ _1\"></span>e me<span class=\"_ _1\"></span>asur<span class=\"_ _1\"></span>em<span class=\"_ _1\"></span>ent<span class=\"_ _383\"> </span></div><div class=\"t m3 hd ff1 fs7 fc3 sc0 ls11 ws2 gs149\">Fair value is the price that would be r<span class=\"_ _6\"></span>eceived to sell an asset or paid to tr<span class=\"_ _8\"></span>ansfer a liability in an orderly transaction be<span class=\"_ _6\"></span>tween mark<span class=\"_ _8\"></span>et par<span class=\"_ _1\"></span>ticipants at </div><div class=\"t m3 hd ff1 fs7 fc3 sc0 ls11 ws2 gsd4\">the measurement dat<span class=\"_ _6\"></span>e in the principal or<span class=\"_ _8\"></span>, in its absence, the most adv<span class=\"_ _6\"></span>antageous mark<span class=\"_ _8\"></span>et to which the Group has access at that date. </div><div class=\"t m3 hd ff1 fs7 fc3 sc0 ls11 ws2 gs14a\">When available, the Gr<span class=\"_ _6\"></span>oup measures the f<span class=\"_ _6\"></span>air value of an instrumen<span class=\"_ _6\"></span>t using the quoted price in an activ<span class=\"_ _6\"></span>e mark<span class=\"_ _6\"></span>et for that ins<span class=\"_ _6\"></span>trument. A mark<span class=\"_ _8\"></span>et is<span class=\"_ _1\"></span> </div><div class=\"t m3 hd ff1 fs7 fc3 sc0 ls11 ws2 gsd6\">regar<span class=\"_ _6\"></span>ded as active if tr<span class=\"_ _6\"></span>ansactions for the asset or liability tak<span class=\"_ _8\"></span><span class=\"_ _383\">e place with sufficient frequency and v</span><span class=\"_ _6\"></span>olume to pro<span class=\"_ _6\"></span>vide pricing information on an </div><div class=\"t m3 hd ff1 fs7 fc3 sc0 ls11 ws2 gsd7\">ongoing basis. The Gr<span class=\"_ _6\"></span>oup measures its in<span class=\"_ _6\"></span>ves<span class=\"_ _6\"></span>tment securities and Perpetual Subordinat<span class=\"_ _6\"></span>ed Bonds (PSBs) at fair value using quoted mark<span class=\"_ _8\"></span>et prices </div><div class=\"t m3 hd ff1 fs7 fc3 sc0 ls11 ws2a gsd8\">where available<span class=\"_ _6\"></span><span class=\"_ _383\">. \u2003</span></div><div class=\"t m3 hd ff1 fs7 fc3 sc0 ls11 ws2 gs14b\">If there is no quoted price in an activ<span class=\"_ _6\"></span>e mark<span class=\"_ _8\"></span>et, then the Group uses valuation techniques that maximise the use of rele<span class=\"_ _6\"></span>vant observable inputs and </div><div class=\"t m3 hd ff1 fs7 fc3 sc0 ls11 ws2 gsda\">minimise the use of unobservable inputs. </div><div class=\"t m3 hd ff1 fs7 fc3 sc0 ls11 ws91 gsdc\">The Group uses SONIA curves to value it<span class=\"_ _6\"></span>s derivatives<span class=\"_ _8\"></span>, previously a combination of LIBOR and SONIA curves<span class=\"_ _6\"></span>. The fair value of the Gr<span class=\"_ _6\"></span>oup<span class=\"_ _6\"></span>\u2019<span class=\"_ _8\"></span>s derivative </div><div class=\"t m3 hd ff1 fs7 fc3 sc0 ls11 ws2 gs14c\">\ufb01nancial instrument<span class=\"_ _6\"></span>s incorporates cre<span class=\"_ _6\"></span>dit valuation adjustmen<span class=\"_ _6\"></span>ts (C<span class=\"_ _8\"></span>V<span class=\"_ _6\"></span>A) and debit valuation adjustmen<span class=\"_ _6\"></span>ts (D<span class=\"_ _6\"></span>V<span class=\"_ _8\"></span>A). The DV<span class=\"_ _1f6\"></span>A and CV<span class=\"_ _1f6\"></span>A take in<span class=\"_ _6\"></span>to account </div><div class=\"t m3 hd ff1 fs7 fc3 sc0 ls11 ws2 gsdd\">the respective cr<span class=\"_ _6\"></span>edit ratings o<span class=\"_ _6\"></span>f the Group<span class=\"_ _8\"></span>\u2019<span class=\"_ _6\"></span>s two banking en<span class=\"_ _6\"></span>tities and counterparty and whether the derivative is collater<span class=\"_ _6\"></span>alised or not. Derivativ<span class=\"_ _6\"></span>es </div><div class=\"t m3 hd ff1 fs7 fc3 sc0 ls11 ws2 gs14d\">are valued using discoun<span class=\"_ _6\"></span>ted cash \ufb02ow models and observable mark<span class=\"_ _8\"></span>et data and are sensitiv<span class=\"_ _6\"></span>e to benchmark inter<span class=\"_ _6\"></span>est and basis rat<span class=\"_ _6\"></span>e curves. </div><div class=\"t m3 hd ff1 fs7 fc3 sc0 ls11 ws2 gsdf\">The fair value of in<span class=\"_ _6\"></span>ves<span class=\"_ _6\"></span>tment securities held at FVTPL is measured using a discounted cash \ufb02o<span class=\"_ _6\"></span>w model.<span class=\"_ _383\"> </span></div><div class=\"t m3 h2b ff3 fs7 fc2 sc0 ls2 ws2 gse0\"><span class=\"_ _383\">vii.\u2002I</span><span class=\"_ _1\"></span>de<span class=\"_ _1\"></span>nti\ufb01c<span class=\"_ _1\"></span>ation a<span class=\"_ _1\"></span>nd m<span class=\"_ _1\"></span>eas<span class=\"_ _1\"></span>ure<span class=\"_ _1\"></span>me<span class=\"_ _1\"></span>nt of imp<span class=\"_ _1\"></span>air<span class=\"_ _1\"></span>men<span class=\"_ _1\"></span>t of \ufb01n<span class=\"_ _1\"></span>anci<span class=\"_ _1\"></span>al as<span class=\"_ _1\"></span>se<span class=\"_ _1\"></span>ts<span class=\"_ _383\"> </span></div><div class=\"t m3 hd ff1 fs7 fc3 sc0 ls11 ws2 gse1\">The Group assesses all \ufb01nancial assets f<span class=\"_ _6\"></span>or impairment. </div><div class=\"t m3 h70 ff10 fs7 fc2 sc0 ls2 ws2 gs14e\">Loans a<span class=\"_ _1\"></span>nd adva<span class=\"_ _1\"></span>nc<span class=\"_ _1\"></span>es to cu<span class=\"_ _1\"></span>stom<span class=\"_ _1\"></span>ers<span class=\"_ _383\"> </span></div><div class=\"t m3 hd ff1 fs7 fc3 sc0 ls11 ws2 gse3\">The Group uses the IFRS 9 thr<span class=\"_ _6\"></span>ee-stage ECL appr<span class=\"_ _6\"></span>oach for measuring impairmen<span class=\"_ _6\"></span>t. The three impairment st<span class=\"_ _6\"></span>ages are as follo<span class=\"_ _6\"></span>ws:<span class=\"_ _383\"> </span></div><div class=\"t m3 hd ff1 fs7 fc3 sc0 ls11 ws6e gse4\">\u2022 <span class=\"_ _124\"> </span><span class=\"ff2 ws2\">Stage 1<span class=\"ff1\"> \u2013 a 12 month ECL allow<span class=\"_ _8\"></span>anc<span class=\"_ _1\"></span>e is recognised where ther<span class=\"_ _6\"></span>e is no signi\ufb01cant increase in cr<span class=\"_ _6\"></span>edit risk (SICR) since initial recognition.<span class=\"_ _383\"> </span></span></span></div><div class=\"t m3 hd ff1 fs7 fc3 sc0 ls11 ws6e gs14f\">\u2022 <span class=\"_ _124\"> </span><span class=\"ff2 ws2\">Stage 2<span class=\"ff1\"> \u2013 a lifetime ECL allow<span class=\"_ _8\"></span>anc<span class=\"_ _1\"></span>e is recognised for assets wher<span class=\"_ _6\"></span>e a SICR is identi\ufb01ed since initial recognition. The assessment o<span class=\"_ _6\"></span>f whether </span></span></div><div class=\"t m3 hd ff1 fs7 fc3 sc0 ls11 ws2 gs150\">credit risk has incre<span class=\"_ _6\"></span>ased signi\ufb01cantly since initial recognition is performed for each r<span class=\"_ _6\"></span>eporting period for the life of the loan.<span class=\"_ _383\"> </span></div><div class=\"t m3 hd ff1 fs7 fc3 sc0 ls11 ws6e gs151\">\u2022 <span class=\"_ _124\"> </span><span class=\"ff2 ws2\">Stage 3<span class=\"ff1\"> \u2013 requires objective e<span class=\"_ _8\"></span>videnc<span class=\"_ _1\"></span>e that an asset is credit impair<span class=\"_ _6\"></span>ed, at which point a lifetime ECL<span class=\"_ _6\"></span> allow<span class=\"_ _6\"></span>ance is recognised.<span class=\"_ _383\"> </span></span></span></div><div class=\"t m3 hd ff1 fs7 fc3 sc0 ls11 ws2 gs152\">The Group measures impairmen<span class=\"_ _6\"></span>t through the use of individual and mo<span class=\"_ _6\"></span>delled assessments<span class=\"_ _6\"></span>. </div><div class=\"t m3 h70 ff10 fs7 fc2 sc0 ls24 ws21 gs153\">Individual assessment<span class=\"_ _383\"> </span></div><div class=\"t m3 hd ff1 fs7 fc3 sc0 ls11 ws2 gs154\">The Group<span class=\"_ _8\"></span>\u2019<span class=\"_ _6\"></span>s pro<span class=\"_ _6\"></span>visioning process requir<span class=\"_ _6\"></span>es individual assessment for high exposur<span class=\"_ _6\"></span>e or higher risk loans<span class=\"_ _6\"></span>, where La<span class=\"_ _6\"></span>w of Property Act (LP<span class=\"_ _8\"></span>A) receivers </div><div class=\"t m3 hd ff1 fs7 fc3 sc0 ls11 ws2 gs155\">have been appoint<span class=\"_ _6\"></span>ed, the property is tak<span class=\"_ _6\"></span>en into possession or ther<span class=\"_ _6\"></span>e are other e<span class=\"_ _6\"></span>vent<span class=\"_ _6\"></span>s that suggest a high probability o<span class=\"_ _6\"></span>f credit loss<span class=\"_ _6\"></span>. Loans ar<span class=\"_ _6\"></span>e </div><div class=\"t m3 hd ff1 fs7 fc3 sc0 ls11 ws2 gs156\">considered at a connection lev<span class=\"_ _6\"></span>el, i.e<span class=\"_ _6\"></span>. including all loans connected to the cust<span class=\"_ _6\"></span>omer<span class=\"_ _8\"></span>. </div><div class=\"t m3 hd ff1 fs7 fc3 sc0 ls11 ws2 gs157\">The Group estimat<span class=\"_ _6\"></span>es cash \ufb02ows fr<span class=\"_ _6\"></span>om these loans, including e<span class=\"_ _6\"></span>xpected inter<span class=\"_ _6\"></span>est and principal paymen<span class=\"_ _6\"></span>ts, r<span class=\"_ _6\"></span>ental or sale pr<span class=\"_ _6\"></span>oceeds, selling and other </div><div class=\"t m3 hd ff1 fs7 fc3 sc0 ls11 ws2 gs158\">costs<span class=\"_ _6\"></span>. The Group obtains up-to-dat<span class=\"_ _6\"></span>e independent valuations for pr<span class=\"_ _6\"></span>operties put up for sale. </div><div class=\"t m3 hd ff1 fs7 fc3 sc0 ls11 ws2 gs159\">For all individually assessed loans with a con\ufb01rmed sale, should the pr<span class=\"_ _6\"></span>esent value o<span class=\"_ _6\"></span>f estimated futur<span class=\"_ _6\"></span>e cash \ufb02ows discoun<span class=\"_ _6\"></span>ted at the original EIR be </div><div class=\"t m3 hd ff1 fs7 fc3 sc0 ls11 ws2 gs15a\">less than the carrying value of the loan, a pr<span class=\"_ _6\"></span>ovision is r<span class=\"_ _6\"></span><span class=\"_ _383\">ecognised for the difference with such loans being classi\ufb01ed as impair</span><span class=\"_ _6\"></span>ed. How<span class=\"_ _6\"></span>ev<span class=\"_ _6\"></span>er<span class=\"_ _8\"></span>, should </div><div class=\"t m3 hd ff1 fs7 fc3 sc0 ls11 ws2 gs15b\">the present v<span class=\"_ _6\"></span>alue of the estimate<span class=\"_ _6\"></span>d future cash \ufb02o<span class=\"_ _6\"></span>ws exceed the carrying v<span class=\"_ _6\"></span>alue, no pro<span class=\"_ _8\"></span>vision is recognised. For all remaining individually assessed </div><div class=\"t m3 hd ff1 fs7 fc3 sc0 ls11 ws2 gs15c\">loans, should a full loss be e<span class=\"_ _6\"></span>xpected, the pro<span class=\"_ _6\"></span>vision is set to the carrying value<span class=\"_ _6\"></span>, with all other individually assessed loans applying the gre<span class=\"_ _6\"></span>ater of </div><div class=\"t m3 hd ff1 fs7 fc3 sc0 ls11 ws2 gs15d\">either the modelled or individual assessment.<span class=\"_ _383\"> </span></div><div class=\"t m3 hd ff1 fs7 fc3 sc0 ls11 ws2 gsf4\">The Group applies a modelled assessmen<span class=\"_ _6\"></span>t to all loans with no individually assessed pro<span class=\"_ _6\"></span>vision.<span class=\"_ _383\"> </span></div><div class=\"t m0 h70 ff10 fs7 fc2 sc0 ls2 ws2 gs15f\">IFR<span class=\"_ _1\"></span>S 9 mod<span class=\"_ _1\"></span>el<span class=\"_ _1\"></span>le<span class=\"_ _1\"></span>d imp<span class=\"_ _1\"></span>ai<span class=\"_ _1\"></span>rment<span class=\"_ _383\"> </span></div><div class=\"t m0 hd ff1 fs7 fc2 sc0 lsb4 ws80 gs160\">Measurement of<span class=\"_ _6\"></span> ECL<span class=\"_ _383\"> </span></div><div class=\"t m0 hd ff1 fs7 fc3 sc0 ls11 ws2 gs161\">The assessment of cr<span class=\"_ _6\"></span>edit risk and the estimation of ECL<span class=\"_ _6\"></span> are unbiased and pr<span class=\"_ _6\"></span>obability weight<span class=\"_ _6\"></span>ed. The ECL calculation is a produc<span class=\"_ _6\"></span>t of an individual </div><div class=\"t m0 hd ff1 fs7 fc3 sc0 ls11 ws2 gs162\">loan<span class=\"_ _8\"></span>\u2019<span class=\"_ _6\"></span>s probability of def<span class=\"_ _6\"></span>ault (PD), exposur<span class=\"_ _6\"></span>e at default (EAD<span class=\"_ _6\"></span>) and loss given def<span class=\"_ _6\"></span>ault (L<span class=\"_ _8\"></span>GD) discounted at the EIR. The ECL<span class=\"_ _6\"></span> drivers o<span class=\"_ _6\"></span>f PD<span class=\"_ _8\"></span>, EAD and<span class=\"_ _1\"></span> </div><div class=\"t m0 hd ff1 fs7 fc3 sc0 ls11 ws2 gs163\">L<span class=\"_ _8\"></span>GD are modelled at an account lev<span class=\"_ _6\"></span>el. The assessment of whether a SICR has occurred is based on quan<span class=\"_ _6\"></span>titative r<span class=\"_ _6\"></span>elative PD thr<span class=\"_ _6\"></span>esholds and a suite </div><div class=\"t m0 hd ff1 fs7 fc3 sc0 ls11 ws2 gs164\">of qualitativ<span class=\"_ _6\"></span>e triggers<span class=\"_ _6\"></span>.<span class=\"_ _383\"> </span></div><div class=\"t m0 hd ff1 fs7 fc3 sc0 ls11 ws2 gs165\">In accordance with PRA CO<span class=\"_ _6\"></span>VID-19 guidance<span class=\"_ _6\"></span>, the Group did not automatically consider the tak<span class=\"_ _8\"></span>e-up of customer paymen<span class=\"_ _6\"></span>t deferr<span class=\"_ _6\"></span>als during </div><div class=\"t m0 hd ff1 fs7 fc3 sc0 ls11 ws2 gs166\">the pandemic to be an indication of a SICR and, in the absence of other indicat<span class=\"_ _6\"></span>ors such as pre<span class=\"_ _6\"></span>vious arrear<span class=\"_ _6\"></span>s, lo<span class=\"_ _6\"></span>w credit score or high o<span class=\"_ _6\"></span>ther </div><div class=\"t m0 hd ff1 fs7 fc3 sc0 ls11 ws2 gs167\">indebtedness<span class=\"_ _6\"></span>, the staging of these lo<span class=\"_ _6\"></span>ans remains unchanged in its ECL c<span class=\"_ _6\"></span>alculations.<span class=\"_ _383\"> </span></div><div class=\"t m0 hd ff1 fs7 fc2 sc0 ls2 ws2 gs168\">Sign<span class=\"_ _1\"></span>i\ufb01c<span class=\"_ _1\"></span>ant inc<span class=\"_ _1\"></span>re<span class=\"_ _1\"></span>as<span class=\"_ _1\"></span>e in cre<span class=\"_ _1\"></span>dit r<span class=\"_ _1\"></span>isk (movem<span class=\"_ _1\"></span>ent to s<span class=\"_ _1\"></span>tag<span class=\"_ _1\"></span>e 2)<span class=\"_ _383\"> </span></div><div class=\"t m0 hd ff1 fs7 fc3 sc0 ls11 ws2 gs169\">The Group<span class=\"_ _8\"></span>\u2019<span class=\"_ _6\"></span>s transf<span class=\"_ _6\"></span>er criteria determine what constitutes a SICR<span class=\"_ _6\"></span>, which results in an e<span class=\"_ _6\"></span>xposure being mo<span class=\"_ _6\"></span>ved fr<span class=\"_ _6\"></span>om stage 1 to s<span class=\"_ _6\"></span>tage 2.<span class=\"_ _383\"> </span></div><div class=\"t m0 hd ff1 fs7 fc3 sc0 ls11 ws2 gs16a\">At the point o<span class=\"_ _6\"></span>f initial recognition, a loan is assigned a PD estimat<span class=\"_ _6\"></span>e. For each month<span class=\"_ _6\"></span>ly reporting date thereafter<span class=\"_ _8\"></span>, an updated PD estimate is </div><div class=\"t m0 hd ff1 fs7 fc3 sc0 ls11 ws2 gs16b\">computed. The Group<span class=\"_ _8\"></span>\u2019<span class=\"_ _6\"></span>s transf<span class=\"_ _6\"></span>er criteria analyses relativ<span class=\"_ _6\"></span>e changes in PD ver<span class=\"_ _6\"></span>sus the PD assigned at the point of origination, toge<span class=\"_ _6\"></span>ther with </div><div class=\"t m0 hd ff1 fs7 fc3 sc0 ls11 ws2 gs16c\">qualitative trigger<span class=\"_ _6\"></span>s using both internal indicat<span class=\"_ _6\"></span>ors, such as f<span class=\"_ _6\"></span>orbearance<span class=\"_ _6\"></span>, and external inf<span class=\"_ _6\"></span>ormation, such as changes in income and adverse cr<span class=\"_ _6\"></span>edit </div><div class=\"t m0 hd ff1 fs7 fc3 sc0 ls11 ws2 gs16d\">information to assess f<span class=\"_ _6\"></span>or SICR. In the ev<span class=\"_ _8\"></span>ent that given early warning trigger<span class=\"_ _6\"></span>s have not alr<span class=\"_ _6\"></span>eady identi\ufb01ed SICR<span class=\"_ _6\"></span>, an account more than 30 days pas<span class=\"_ _6\"></span>t </div><div class=\"t m0 hd ff1 fs7 fc3 sc0 ls11 ws2 gs16e\">due is considered to hav<span class=\"_ _6\"></span>e experienced a SICR.<span class=\"_ _383\"> </span></div><div class=\"t m0 hd ff1 fs7 fc3 sc0 ls11 ws2 gs16f\">A borro<span class=\"_ _6\"></span>wer will mo<span class=\"_ _6\"></span>ve back int<span class=\"_ _6\"></span>o stage 1 only if the SICR de\ufb01nition is no longer trigger<span class=\"_ _6\"></span>ed.<span class=\"_ _383\"> </span></div><div class=\"t m0 hd ff1 fs7 fc2 sc0 ls2 ws2 gs170\">De\ufb01<span class=\"_ _1\"></span>nitio<span class=\"_ _1\"></span>n of def<span class=\"_ _1\"></span>ault (movem<span class=\"_ _1\"></span>ent to s<span class=\"_ _1\"></span>tag<span class=\"_ _1\"></span>e 3)<span class=\"_ _383\"> </span></div><div class=\"t m0 hd ff1 fs7 fc3 sc0 ls11 ws2 gs171\">The Group uses a number of quan<span class=\"_ _6\"></span>titative and qualitativ<span class=\"_ _8\"></span>e criteria to determine whether an account meets the de\ufb01nition of def<span class=\"_ _6\"></span>ault and theref<span class=\"_ _6\"></span>ore </div><div class=\"t m0 hd ff1 fs7 fc3 sc0 ls11 ws2 gs172\">mov<span class=\"_ _6\"></span>es to stage 3<span class=\"_ _6\"></span>. The criteria curren<span class=\"_ _6\"></span>tly include:<span class=\"_ _383\"> </span></div><div class=\"t m0 hd ff1 fs7 fc3 sc0 ls11 ws6e gs173\">\u2022 <span class=\"_ _124\"> </span><span class=\"ws2\">If an acc<span class=\"_ _1\"></span>ount is more than 90 days pas<span class=\"_ _6\"></span>t due. </span></div><div class=\"t m0 hd ff1 fs7 fc3 sc0 ls11 ws6e gs174\">\u2022 <span class=\"_ _124\"> </span><span class=\"ws2\">Accounts that have mov<span class=\"_ _6\"></span>ed into an un<span class=\"_ _6\"></span>lik<span class=\"_ _6\"></span>ely to pay position, which includes forbear<span class=\"_ _6\"></span>ance, bankruptcy, r<span class=\"_ _6\"></span>epossession and interes<span class=\"_ _6\"></span>t-only term </span></div><div class=\"t m0 hd ff1 fs7 fc3 sc0 ls11 ws6e gs175\">expiry.<span class=\"_ _383\"> </span></div><div class=\"t m0 hd ff1 fs7 fc3 sc0 ls11 ws2 gs176\">A borro<span class=\"_ _6\"></span>wer will mo<span class=\"_ _6\"></span>ve out of s<span class=\"_ _6\"></span>tage 3 when its cre<span class=\"_ _6\"></span>dit risk improv<span class=\"_ _6\"></span>es such that it no longer meets the 90 days past due and unlik<span class=\"_ _8\"></span>ely to pay criteria </div><div class=\"t m0 hd ff1 fs7 fc3 sc0 ls11 ws2 gs177\">and following this has complet<span class=\"_ _6\"></span>ed an internally appr<span class=\"_ _6\"></span>ove<span class=\"_ _6\"></span>d probation period. The borro<span class=\"_ _6\"></span>wer will mo<span class=\"_ _8\"></span>ve to stage 1 or s<span class=\"_ _6\"></span>tage 2 dependent on whether the </div><div class=\"t m0 hd ff1 fs7 fc3 sc0 ls11 ws2 gs178\">SICR applies.<span class=\"_ _383\"> </span></div><div class=\"t m0 hd ff1 fs7 fc2 sc0 lsb4 ws80 gs179\">Forward-looking<span class=\"_ _6\"></span> macroeconomic scenarios<span class=\"_ _383\"> </span></div><div class=\"t m0 hd ff1 fs7 fc3 sc0 ls11 ws2 gs17a\">The risk of default and ECL<span class=\"_ _6\"></span> loss assessments tak<span class=\"_ _8\"></span>e into consideration e<span class=\"_ _6\"></span>xpectations of economic changes that are deemed to be r<span class=\"_ _6\"></span>easonably </div><div class=\"t m0 hd ff1 fs7 fc3 sc0 ls11 ws6e gs17b\">possible.<span class=\"_ _383\"> </span></div><div class=\"t m0 hd ff1 fs7 fc3 sc0 ls11 ws2 gs17c\">The Group conducts analysis to det<span class=\"_ _6\"></span>ermine the most signi\ufb01cant f<span class=\"_ _6\"></span>actors which may in\ufb02uence the lik<span class=\"_ _8\"></span>elihood of an exposure de<span class=\"_ _6\"></span>faulting in the future<span class=\"_ _6\"></span>. </div><div class=\"t m0 hd ff1 fs7 fc3 sc0 ls11 ws2 gs17d\">The macroeconomic factors r<span class=\"_ _6\"></span>elate to the HPI, unemployment r<span class=\"_ _8\"></span>ate (UR), Consumer Pric<span class=\"_ _1\"></span>e Index (CPI), Gr<span class=\"_ _6\"></span>oss domestic pro<span class=\"_ _6\"></span>duct (GDP), Commercial </div><div class=\"t m0 hd ff1 fs7 fc3 sc0 ls11 ws2 gs17e\">Real Es<span class=\"_ _6\"></span>tate Index (<span class=\"_ _6\"></span>CRE) and the Bank of England Base Rate (BBR).<span class=\"_ _383\"> </span></div><div class=\"t m0 hd ff1 fs7 fc3 sc0 ls11 ws2 gs17f\">The Group has de<span class=\"_ _6\"></span>veloped an appro<span class=\"_ _6\"></span>ach for factoring pr<span class=\"_ _6\"></span>obability-weigh<span class=\"_ _6\"></span>ted macroeconomic forecas<span class=\"_ _6\"></span>ts into ECL<span class=\"_ _6\"></span> calculations, adjus<span class=\"_ _6\"></span>ting PD and L<span class=\"_ _8\"></span>GD </div><div class=\"t m0 hd ff1 fs7 fc3 sc0 ls11 ws2 gs180\">estimates<span class=\"_ _6\"></span>. The macroeconomic scenarios feed directly int<span class=\"_ _6\"></span>o the ECL calculation, as the adjust<span class=\"_ _6\"></span>ed PD<span class=\"_ _8\"></span>, lifetime PD and L<span class=\"_ _6\"></span>GD estimates ar<span class=\"_ _6\"></span>e used within </div><div class=\"t m0 hd ff1 fs7 fc3 sc0 ls11 ws2 gs181\">the individual account ECL allo<span class=\"_ _6\"></span>wance calculations<span class=\"_ _6\"></span>.<span class=\"_ _383\"> </span></div><div class=\"t m0 hd ff1 fs7 fc3 sc0 ls11 ws2 gs182\">The Group sources economic for<span class=\"_ _6\"></span>ecast information fr<span class=\"_ _6\"></span>om an appropriately quali\ufb01ed thir<span class=\"_ _6\"></span>d party when determining scenarios. The Group consider<span class=\"_ _6\"></span>s </div><div class=\"t m0 hd ff1 fs7 fc3 sc0 ls11 ws2 gs183\">four probability-<span class=\"_ _6\"></span>weight<span class=\"_ _6\"></span>ed scenarios, base<span class=\"_ _6\"></span>, upside, do<span class=\"_ _6\"></span>wnside and sev<span class=\"_ _6\"></span>ere downside scenarios<span class=\"_ _8\"></span>.<span class=\"_ _1\"></span> </div><div class=\"t m0 hd ff1 fs7 fc3 sc0 ls11 ws2 gs184\">The base case is also utilised within the Group<span class=\"_ _8\"></span>\u2019<span class=\"_ _8\"></span>s impairment forecasting pr<span class=\"_ _6\"></span>ocess which in turn feeds the wider business planning processes. The </div><div class=\"t m0 hd ff1 fs7 fc3 sc0 ls11 ws2 gs185\">ECL models are also use<span class=\"_ _6\"></span>d to set the Group<span class=\"_ _8\"></span>\u2019<span class=\"_ _8\"></span>s credit risk appetite thresholds and limits<span class=\"_ _6\"></span>.<span class=\"_ _383\"> </span></div><div class=\"t m0 hd ff1 fs7 fc2 sc0 ls2 ws2 gs186\">Peri<span class=\"_ _1\"></span>od ove<span class=\"_ _1\"></span>r wh<span class=\"_ _1\"></span>ich EC<span class=\"_ _1\"></span>L is me<span class=\"_ _1\"></span>as<span class=\"_ _1\"></span>ure<span class=\"_ _1\"></span>d </div><div class=\"t m0 hd ff1 fs7 fc3 sc0 ls11 ws2 gs187\">ECL is measure<span class=\"_ _6\"></span>d from the initial recognition of the asset which is the dat<span class=\"_ _6\"></span>e at which the loan is originated or the date a loan is purchase<span class=\"_ _6\"></span>d and at </div><div class=\"t m0 hd ff1 fs7 fc3 sc0 ls11 ws2 gs188\">each balance sheet date thereafter<span class=\"_ _8\"></span>. The maximum period considered when measuring ECL (<span class=\"_ _8\"></span>either 12 months or lifetime ECL) is the maximum </div><div class=\"t m0 hd ff1 fs7 fc3 sc0 ls11 ws2 gs189\">contractual perio<span class=\"_ _6\"></span>d ov<span class=\"_ _6\"></span>er which the Group is exposed t<span class=\"_ _6\"></span>o the credit risk of the asset. For modelling purposes<span class=\"_ _8\"></span>, the Group considers the contractual </div><div class=\"t m0 hd ff1 fs7 fc3 sc0 ls11 ws2 gs18a\">maturity of the loan produc<span class=\"_ _6\"></span>t and then considers the behavioural tr<span class=\"_ _6\"></span>ends of the asset.<span class=\"_ _383\"> </span></div><div class=\"t m0 hd ff1 fs7 fc2 sc0 lsb4 ws80 gs18b\">Purchased or ori<span class=\"_ _6\"></span>ginated credi<span class=\"_ _6\"></span>t impaired (POCI)<span class=\"_ _383\"> </span></div><div class=\"t m0 hd ff1 fs7 fc3 sc0 ls11 ws2 gs18c\">Acquired loans that meet the Gr<span class=\"_ _6\"></span>oup<span class=\"_ _8\"></span>\u2019<span class=\"_ _6\"></span>s de\ufb01nition of def<span class=\"_ _6\"></span>ault (90 days past due or an unlik<span class=\"_ _8\"></span>ely to pay position) at acquisition are treat<span class=\"_ _6\"></span>ed as POCI </div><div class=\"t m0 hd ff1 fs7 fc3 sc0 ls11 ws2 gs18d\">assets<span class=\"_ _6\"></span>. These assets attract a lif<span class=\"_ _6\"></span>etime ECL allo<span class=\"_ _6\"></span>wance o<span class=\"_ _6\"></span>ver the full term of the lo<span class=\"_ _6\"></span>an, even when these lo<span class=\"_ _6\"></span>ans no longer meet the de\ufb01nition of def<span class=\"_ _6\"></span>ault </div><div class=\"t m0 hd ff1 fs7 fc3 sc0 ls11 ws2 gs18e\">post acquisition. The Gr<span class=\"_ _6\"></span>oup does not originate credit-impaire<span class=\"_ _6\"></span>d loans.<span class=\"_ _383\"> </span></div><div class=\"t m3 hc ff2 fs7 fc2 sc0 ls2 ws2 gs190\"><span class=\"_ _383\">1.\u2002Acc</span><span class=\"_ _1\"></span>ountin<span class=\"_ _1\"></span>g pol<span class=\"_ _1\"></span>icie<span class=\"_ _1\"></span>s<span class=\"ff5 lsd4 ws46\"> continue<span class=\"_ _1\"></span>d<span class=\"_ _383\"> </span></span></div><div class=\"t m3 hd ff1 fs7 fc2 sc0 lsf9 ws82 gs191\">Intercomp<span class=\"_ _1\"></span>any loans<span class=\"_ _383\"> </span></div><div class=\"t m3 hd ff1 fs7 fc3 sc0 ls11 ws2 gs192\">Inter<span class=\"_ _6\"></span>company receivables in the Company \ufb01nancial statemen<span class=\"_ _6\"></span>ts are assessed for ECL<span class=\"_ _6\"></span> based on an assessment of the PD and L<span class=\"_ _1f6\"></span>GD, discoun<span class=\"_ _6\"></span>ted to a </div><div class=\"t m3 hd ff1 fs7 fc3 sc0 ls11 ws2 gs193\">net present v<span class=\"_ _6\"></span>alue. </div><div class=\"t m3 hd ff1 fs7 fc2 sc0 lsf9 ws82 gs194\">Other \ufb01nan<span class=\"_ _1\"></span>cial ass<span class=\"_ _1\"></span>ets<span class=\"_ _383\"> </span></div><div class=\"t m3 hd ff1 fs7 fc3 sc0 ls11 ws2 gs195\">Other \ufb01nancial assets comprise cash balances with the Bank of England (BoE) and other credit ins<span class=\"_ _6\"></span>titutions and high grade in<span class=\"_ _6\"></span>ves<span class=\"_ _6\"></span>tment securities. </div><div class=\"t m3 hd ff1 fs7 fc3 sc0 ls11 ws2 gs196\">The Group deems the lik<span class=\"_ _8\"></span>elihood of default across these counterparties as lo<span class=\"_ _6\"></span>w and does not recognise a provision agains<span class=\"_ _6\"></span>t the carrying balances.<span class=\"_ _383\"> </span></div><div class=\"t m3 hd ff1 fs7 fc2 sc0 lsb4 ws80 gs197\">Share repurcha<span class=\"_ _6\"></span>se </div><div class=\"t m3 hd ff1 fs7 fc3 sc0 ls11 ws2 gs198\">Upon Board authorisation of a shar<span class=\"_ _6\"></span>e repurchase pr<span class=\"_ _6\"></span>ogramme and signing an irr<span class=\"_ _6\"></span>ev<span class=\"_ _6\"></span>ocable agreement, a shar<span class=\"_ _6\"></span>e repurchase liability is r<span class=\"_ _6\"></span>ecognised in </div><div class=\"t m3 hd ff1 fs7 fc3 sc0 ls11 ws2 gs199\"><span class=\"_ _383\">other liabilities with the offset in r</span><span class=\"_ _6\"></span>etained earnings<span class=\"_ _6\"></span>. Each share r<span class=\"_ _6\"></span>epurchase re<span class=\"_ _6\"></span>duces the provision. Upon shar<span class=\"_ _6\"></span>e cancellation, share capital is debited </div><div class=\"t m3 hd ff1 fs7 fc3 sc0 ls11 ws2 gs19a\">with a credit to the capit<span class=\"_ _6\"></span>al redemption reserve equal t<span class=\"_ _6\"></span>o \u00a30<span class=\"_ _6\"></span>.01 f<span class=\"_ _6\"></span>or each share cancelled.<span class=\"_ _383\"> </span></div><div class=\"t m3 hc ff2 fs7 fc3 sc0 ls2 ws2 gs19b\"><span class=\"_ _383\">q)\u2002Lo</span><span class=\"_ _1\"></span>ans and a<span class=\"_ _1\"></span>dvanc<span class=\"_ _1\"></span>es to c<span class=\"_ _1\"></span>ust<span class=\"_ _1\"></span>ome<span class=\"_ _1\"></span>rs<span class=\"_ _383\"> </span></div><div class=\"t m3 hd ff1 fs7 fc3 sc0 ls11 ws2 gs19c\">Loans and adv<span class=\"_ _6\"></span>ances to customer<span class=\"_ _6\"></span>s are predominan<span class=\"_ _6\"></span>tly mortgage loans and advances to customer<span class=\"_ _6\"></span>s with \ufb01xed or determinable paymen<span class=\"_ _6\"></span>ts that </div><div class=\"t m3 hd ff1 fs7 fc3 sc0 ls11 ws2 gs19d\">are not quoted in an ac<span class=\"_ _6\"></span>tive mark<span class=\"_ _8\"></span>et and that the Group does not intend to sell in the near t<span class=\"_ _6\"></span>erm. They are initially recorde<span class=\"_ _6\"></span>d at fair value plus any </div><div class=\"t m3 hd ff1 fs7 fc3 sc0 ls11 ws2 gs19e\">directly attributable tr<span class=\"_ _6\"></span>ansaction costs and ar<span class=\"_ _6\"></span>e subsequently measured at amortised cost using the EIR method, less impairmen<span class=\"_ _6\"></span>t losses. Wher<span class=\"_ _6\"></span>e </div><div class=\"t m3 hd ff1 fs7 fc3 sc0 ls11 ws2 gs19f\">exposures ar<span class=\"_ _6\"></span>e hedged by derivativ<span class=\"_ _6\"></span>es, designate<span class=\"_ _6\"></span>d and qualifying as fair value hedges<span class=\"_ _6\"></span>, the fair value adjus<span class=\"_ _6\"></span>tment for the hedged risk t<span class=\"_ _6\"></span>o the carrying </div><div class=\"t m3 hd ff1 fs7 fc3 sc0 ls11 ws2 gs1a0\">value of the hedged loans and adv<span class=\"_ _6\"></span>ances is reported in fair value adjus<span class=\"_ _6\"></span>tments for hedged asse<span class=\"_ _6\"></span>ts.<span class=\"_ _383\"> </span></div><div class=\"t m3 hd ff1 fs7 fc3 sc0 ls11 ws2 gs1a1\">Loans and the r<span class=\"_ _6\"></span>elated pro<span class=\"_ _6\"></span>vision are written o<span class=\"_ _6\"></span><span class=\"_ _383\">ff when there is a shortfall remaining after the underlying security is sold. Subsequent reco</span><span class=\"_ _6\"></span>veries of </div><div class=\"t m3 hd ff1 fs7 fc3 sc0 ls11 ws2 gs1a2\">amounts pr<span class=\"_ _6\"></span><span class=\"_ _383\">eviously written off ar</span><span class=\"_ _6\"></span>e tak<span class=\"_ _8\"></span>en through pro\ufb01t or loss<span class=\"_ _6\"></span>.<span class=\"_ _383\"> </span></div><div class=\"t m3 hd ff1 fs7 fc3 sc0 ls11 ws2 gs1a3\">Loans and adv<span class=\"_ _6\"></span>ances to customer<span class=\"_ _6\"></span>s ov<span class=\"_ _6\"></span>er which the Group transf<span class=\"_ _6\"></span>ers its righ<span class=\"_ _6\"></span>ts to the collateral ther<span class=\"_ _6\"></span>eon to the BoE under the T<span class=\"_ _8\"></span>erm Funding Scheme </div><div class=\"t m3 hd ff1 fs7 fc3 sc0 ls11 ws2 gs1a4\">with additional incentives f<span class=\"_ _6\"></span>or SMEs (<span class=\"_ _1\"></span>TFSME) are not derecognised fr<span class=\"_ _6\"></span>om the Consolidated Statemen<span class=\"_ _6\"></span>t of Financial Position, as the Group r<span class=\"_ _6\"></span>etains </div><div class=\"t m3 hd ff1 fs7 fc3 sc0 ls11 ws2 gs1a5\">substan<span class=\"_ _6\"></span>tially all the risks and r<span class=\"_ _6\"></span>ew<span class=\"_ _6\"></span>ards o<span class=\"_ _6\"></span>f owner<span class=\"_ _6\"></span>ship, including all cash \ufb02o<span class=\"_ _6\"></span>ws arising from the loans and advances and e<span class=\"_ _6\"></span>xposure to cr<span class=\"_ _6\"></span>edit risk. The </div><div class=\"t m3 hd ff1 fs7 fc3 sc0 ls11 ws2 gs1a6\">Group classi\ufb01es TFSME as amortised cost under IFRS 9 Financial Ins<span class=\"_ _6\"></span>truments<span class=\"_ _8\"></span>.<span class=\"_ _383\"> </span></div><div class=\"t m3 hd ff1 fs7 fc3 sc0 ls11 ws2 gs1a7\">Loans and adv<span class=\"_ _6\"></span>ances to customer<span class=\"_ _6\"></span>s include a small acquired mortgage portfolio where the contr<span class=\"_ _6\"></span>actual cash \ufb02ows include paymen<span class=\"_ _6\"></span>ts that are not </div><div class=\"t m3 hd ff1 fs7 fc3 sc0 ls11 ws2 gs1a8\">SPPI and inter<span class=\"_ _6\"></span>est and as such are measur<span class=\"_ _6\"></span>ed at FV<span class=\"_ _1\"></span>TPL. </div><div class=\"t m3 hd ff1 fs7 fc3 sc0 ls11 ws2 gs1a9\">Loans and adv<span class=\"_ _6\"></span>ances to customer<span class=\"_ _6\"></span>s contain the Group<span class=\"_ _8\"></span>\u2019<span class=\"_ _8\"></span>s asset \ufb01nance lease lending. Financ<span class=\"_ _1\"></span>e leases are initially measur<span class=\"_ _6\"></span>ed at an amount equal to </div><div class=\"t m3 hd ff1 fs7 fc3 sc0 ls11 ws2 gs1aa\">the net inv<span class=\"_ _6\"></span>estment in the le<span class=\"_ _6\"></span>ase, using the int<span class=\"_ _6\"></span>erest r<span class=\"_ _6\"></span>ate implicit in the \ufb01nance lease. Dir<span class=\"_ _6\"></span>ect costs ar<span class=\"_ _6\"></span>e included in the initial measurement o<span class=\"_ _6\"></span>f the net </div><div class=\"t m3 hd ff1 fs7 fc3 sc0 ls11 ws2 gs1ab\">inv<span class=\"_ _6\"></span>estment in the lease and r<span class=\"_ _6\"></span>educe the amount of income r<span class=\"_ _6\"></span>ecognised over the lease t<span class=\"_ _6\"></span>erm. Finance income is recognised over the le<span class=\"_ _6\"></span>ase term, based </div><div class=\"t m3 hd ff1 fs7 fc3 sc0 ls11 ws2 gs1ac\">on a pattern re\ufb02ecting a cons<span class=\"_ _6\"></span>tant periodic r<span class=\"_ _6\"></span>ate of r<span class=\"_ _6\"></span>eturn on the net inv<span class=\"_ _6\"></span>estment in the lease<span class=\"_ _8\"></span>.<span class=\"_ _383\"> </span><span class=\"_ _1\"></span> </div><div class=\"t m3 hc ff2 fs7 fc3 sc0 ls2 ws2 gs1ad\"><span class=\"_ _383\">r)\u2002Investme</span><span class=\"_ _1\"></span>nt se<span class=\"_ _1\"></span>curitie<span class=\"_ _1\"></span>s<span class=\"_ _383\"> </span></div><div class=\"t m3 hd ff1 fs7 fc3 sc0 ls11 ws2 gs1ae\">Inv<span class=\"_ _6\"></span>estment securities include securities held for liquidity purposes (UK tr<span class=\"_ _6\"></span>easury bills, UK Gilts and R<span class=\"_ _6\"></span>esidential Mortgage-Back<span class=\"_ _8\"></span>ed Se<span class=\"_ _1\"></span>curities (RMBS)). </div><div class=\"t m3 hd ff1 fs7 fc3 sc0 ls11 ws2 gs1af\">These assets are non-deriv<span class=\"_ _6\"></span>atives that are designat<span class=\"_ _6\"></span>ed on an individual basis as amortised cost, FVOCI or FVTPL.<span class=\"_ _383\"> </span></div><div class=\"t m3 hd ff1 fs7 fc3 sc0 ls11 ws2 gs1b0\">Assets classi\ufb01ed as amortised cost are initially r<span class=\"_ _6\"></span>ecognised at fair value and subsequently measur<span class=\"_ _6\"></span>ed at amortised cost using the EIR method, less </div><div class=\"t m3 hd ff1 fs7 fc3 sc0 ls11 ws2 gs1b1\">impairment losses<span class=\"_ _6\"></span>. </div><div class=\"t m3 hd ff1 fs7 fc3 sc0 ls11 ws2 gs1b2\">Assets held at FV<span class=\"_ _6\"></span>OCI are measure<span class=\"_ _6\"></span>d at fair value with mo<span class=\"_ _6\"></span>vement<span class=\"_ _6\"></span>s tak<span class=\"_ _6\"></span>en to OCI and accumulated in the FV<span class=\"_ _6\"></span>OCI reserve within equity, e<span class=\"_ _6\"></span>xcept for </div><div class=\"t m3 hd ff1 fs7 fc3 sc0 ls11 ws2 gs1b3\">impairment losses which are t<span class=\"_ _6\"></span>ak<span class=\"_ _6\"></span>en to pro<span class=\"_ _6\"></span>\ufb01t or loss. Where the ins<span class=\"_ _6\"></span>trument is sold, the gain or loss accumulated in equity is r<span class=\"_ _6\"></span>eclassi\ufb01ed to pro\ufb01t or </div><div class=\"t m3 hd ff1 fs7 fc3 sc0 ls11 ws6e gs1b4\">loss.<span class=\"_ _383\"> </span></div><div class=\"t m3 hd ff1 fs7 fc3 sc0 ls11 ws2 gs1b5\">Assets held at FVTPL are measured at fair v<span class=\"_ _6\"></span>alue with mov<span class=\"_ _6\"></span>ements tak<span class=\"_ _8\"></span>en to the Consolidated Statemen<span class=\"_ _6\"></span>t of Comprehensive Income<span class=\"_ _6\"></span>.<span class=\"_ _383\"> </span></div><div class=\"t m3 hc ff2 fs7 fc3 sc0 ls2 ws2 gs1b6\"><span class=\"_ _383\">s)\u2002Depos</span><span class=\"_ _1\"></span>its, d<span class=\"_ _1\"></span>ebt s<span class=\"_ _1\"></span>ec<span class=\"_ _1\"></span>uritie<span class=\"_ _1\"></span>s in iss<span class=\"_ _1\"></span>ue and s<span class=\"_ _1\"></span>ubo<span class=\"_ _1\"></span>rdinat<span class=\"_ _1\"></span>ed li<span class=\"_ _1\"></span>abiliti<span class=\"_ _1\"></span>es<span class=\"_ _383\"> </span></div><div class=\"t m3 hd ff1 fs7 fc3 sc0 ls11 ws2 gs1b7\">Deposits, debt securities in issue and subor<span class=\"_ _6\"></span>dinated liabilities are the Gr<span class=\"_ _6\"></span>oup<span class=\"_ _6\"></span>\u2019<span class=\"_ _8\"></span>s sources of debt funding. They comprise deposits from r<span class=\"_ _6\"></span>etail </div><div class=\"t m3 hd ff1 fs7 fc3 sc0 ls11 ws2 gs1b8\">customer<span class=\"_ _6\"></span>s and credit institutions<span class=\"_ _8\"></span>, including c<span class=\"_ _1\"></span>ollateralised lo<span class=\"_ _6\"></span>an advances from the BoE under the TFSME, asset-back<span class=\"_ _8\"></span>ed loan notes issued through </div><div class=\"t m3 hd ff1 fs7 fc3 sc0 ls11 ws2 gs1b9\">the Group<span class=\"_ _8\"></span>\u2019<span class=\"_ _6\"></span>s securitisation progr<span class=\"_ _6\"></span>ammes and subordinated liabilities<span class=\"_ _8\"></span>. Subordinated liabilities include the Sterling PSBs where the t<span class=\"_ _6\"></span>erms allow no </div><div class=\"t m3 hd ff1 fs7 fc3 sc0 ls11 ws2 gs1ba\">absolute discretion o<span class=\"_ _6\"></span>ver the paymen<span class=\"_ _6\"></span>t of inter<span class=\"_ _6\"></span>est. These \ufb01nancial liabilities are initially me<span class=\"_ _6\"></span>asured at fair v<span class=\"_ _6\"></span>alue less direct transaction cos<span class=\"_ _6\"></span>ts, and </div><div class=\"t m3 hd ff1 fs7 fc3 sc0 ls11 ws2 gs1bb\">subsequently held at amortised cost using the EIR method.<span class=\"_ _383\"> </span></div><div class=\"t m3 hd ff1 fs7 fc3 sc0 ls11 ws2 gs1bc\">Cash received under the TF<span class=\"_ _6\"></span>SME is recorded in amoun<span class=\"_ _6\"></span>ts ow<span class=\"_ _6\"></span>ed to cre<span class=\"_ _6\"></span>dit institutions<span class=\"_ _6\"></span>. Interes<span class=\"_ _6\"></span>t is accrued ov<span class=\"_ _6\"></span>er the life of the agr<span class=\"_ _6\"></span>eements on an EIR </div><div class=\"t m3 hd ff1 fs7 fc3 sc0 ls11 ws6e gs1bd\">basis<span class=\"_ _383\"> </span>. </div><div class=\"t m3 hc ff2 fs7 fc3 sc0 ls2 ws2 gs1be\"><span class=\"_ _383\">t)\u2002Sale an</span><span class=\"_ _1\"></span>d rep<span class=\"_ _1\"></span>urc<span class=\"_ _1\"></span>has<span class=\"_ _1\"></span>e agre<span class=\"_ _1\"></span>em<span class=\"_ _1\"></span>ent<span class=\"_ _1\"></span>s<span class=\"_ _383\"> </span></div><div class=\"t m3 hd ff1 fs7 fc3 sc0 ls11 ws2 gs1bf\">Financial assets sold subject to repur<span class=\"_ _6\"></span>chase agreements (r<span class=\"_ _6\"></span>epo) ar<span class=\"_ _6\"></span>e retained in the \ufb01nancial s<span class=\"_ _6\"></span>tatement<span class=\"_ _6\"></span>s if they fail derecognition criteria of IFR<span class=\"_ _6\"></span>S </div><div class=\"t m3 hd ff1 fs7 fc3 sc0 ls11 ws2 gs1c0\">9 described in paragr<span class=\"_ _6\"></span>aph p (iii) abov<span class=\"_ _6\"></span>e. The \ufb01nancial asset<span class=\"_ _6\"></span>s that are ret<span class=\"_ _6\"></span>ained in the \ufb01nancial statemen<span class=\"_ _6\"></span>ts are r<span class=\"_ _6\"></span>e\ufb02ected as loans and advances to </div><div class=\"t m3 hd ff1 fs7 fc3 sc0 ls11 ws2 gs1c1\">customer<span class=\"_ _6\"></span>s or inv<span class=\"_ _6\"></span>estment securities and the counterparty liability is included in amount<span class=\"_ _6\"></span>s ow<span class=\"_ _6\"></span>ed to credit ins<span class=\"_ _6\"></span>titutions or other customer<span class=\"_ _6\"></span>s. Financial </div><div class=\"t m3 hd ff1 fs7 fc3 sc0 ls11 ws2 gs1c2\">assets purchased under agr<span class=\"_ _6\"></span>eements to r<span class=\"_ _6\"></span>esell at a predetermined price wher<span class=\"_ _6\"></span>e the transaction is \ufb01nancing in natur<span class=\"_ _6\"></span>e (rev<span class=\"_ _6\"></span>erse r<span class=\"_ _6\"></span>epo) ar<span class=\"_ _6\"></span>e accounted </div><div class=\"t m3 hd ff1 fs7 fc3 sc0 ls11 ws2 gs1c3\">for as loans and advances to cr<span class=\"_ _6\"></span>edit institutions<span class=\"_ _6\"></span><span class=\"_ _383\">. The difference betw</span><span class=\"_ _6\"></span>een the sale and repurchase price is tr<span class=\"_ _6\"></span>eated as inter<span class=\"_ _6\"></span>est and accrued o<span class=\"_ _6\"></span>ver the </div><div class=\"t m3 hd ff1 fs7 fc3 sc0 ls11 ws2 gs1c4\">life of the agr<span class=\"_ _6\"></span>eement using the EIR method.<span class=\"_ _383\"> </span></div><div class=\"t m0 hc ff2 fs7 fc3 sc0 ls2 ws2 gs1c6\"><span class=\"_ _383\">u)\u2002Derivative \ufb01n</span><span class=\"_ _1\"></span>anci<span class=\"_ _1\"></span>al ins<span class=\"_ _1\"></span>trum<span class=\"_ _1\"></span>ents </div><div class=\"t m0 hd ff1 fs7 fc3 sc0 ls11 ws2 gs1c7\">The Group uses derivativ<span class=\"_ _6\"></span>e \ufb01nancial instrumen<span class=\"_ _6\"></span>ts (inter<span class=\"_ _6\"></span>est rat<span class=\"_ _6\"></span>e swaps) t<span class=\"_ _6\"></span>o manage its exposur<span class=\"_ _6\"></span>e to inter<span class=\"_ _6\"></span>est rat<span class=\"_ _6\"></span>e risk. In accordance with the Group </div><div class=\"t m0 hd ff1 fs7 fc3 sc0 ls11 ws2 gs1c8\">Mark<span class=\"_ _6\"></span>et and Liquidity Risk Policy, the Group does not hold or issue deriv<span class=\"_ _6\"></span>ative \ufb01nancial instrumen<span class=\"_ _6\"></span>ts for pr<span class=\"_ _6\"></span>oprietary trading.<span class=\"_ _383\"> </span></div><div class=\"t m0 hd ff1 fs7 fc3 sc0 ls11 ws2 gs1c9\">Derivative \ufb01nancial ins<span class=\"_ _6\"></span>truments ar<span class=\"_ _6\"></span>e recognised at their fair value with changes in their fair v<span class=\"_ _6\"></span>alue tak<span class=\"_ _8\"></span>en to pro\ufb01t or loss. F<span class=\"_ _6\"></span>air values are calculated </div><div class=\"t m0 hd ff1 fs7 fc3 sc0 ls11 ws2 gs1ca\">by discounting cash \ufb02ow<span class=\"_ _6\"></span>s at the pre<span class=\"_ _6\"></span>vailing inter<span class=\"_ _6\"></span>est r<span class=\"_ _6\"></span>ates. All deriv<span class=\"_ _6\"></span>atives are classi\ufb01ed as asse<span class=\"_ _6\"></span>ts when their fair value is positiv<span class=\"_ _6\"></span>e and as liabilities </div><div class=\"t m0 hd ff1 fs7 fc3 sc0 ls11 ws2 gs1cb\">when their fair value is negativ<span class=\"_ _6\"></span>e. If a deriv<span class=\"_ _6\"></span>ative is cancelled, it is derecognised fr<span class=\"_ _6\"></span>om the Consolidated Statemen<span class=\"_ _6\"></span>t of Financial Position.<span class=\"_ _383\"> </span></div><div class=\"t m0 hd ff1 fs7 fc3 sc0 ls11 ws2 gs1cc\">The Group also uses derivativ<span class=\"_ _6\"></span>es to hedge the int<span class=\"_ _6\"></span>erest r<span class=\"_ _6\"></span>ate risk inheren<span class=\"_ _6\"></span>t in irrev<span class=\"_ _8\"></span>o<span class=\"_ _1\"></span><span class=\"_ _383\">cable offer</span><span class=\"_ _6\"></span>s to lend. This exposes the Group t<span class=\"_ _6\"></span>o mov<span class=\"_ _6\"></span>ements in the </div><div class=\"t m0 hd ff1 fs7 fc3 sc0 ls11 ws2 gs1cd\">fair value of deriv<span class=\"_ _6\"></span>atives un<span class=\"_ _6\"></span>til the loan is drawn. The changes to f<span class=\"_ _6\"></span>air value are r<span class=\"_ _6\"></span>ecognised in pro\ufb01t or loss in the period. </div><div class=\"t m0 hc ff2 fs7 fc3 sc0 ls2 ws2 gs1ce\"><span class=\"_ _383\">v)\u2002Hedg</span><span class=\"_ _1\"></span>e ac<span class=\"_ _1\"></span>count<span class=\"_ _1\"></span>ing<span class=\"_ _383\"> </span></div><div class=\"t m0 hd ff1 fs7 fc3 sc0 ls11 ws2 gs1cf\">The Group has chosen to continue t<span class=\"_ _6\"></span>o apply the hedge accounting requiremen<span class=\"_ _6\"></span>ts of IA<span class=\"_ _6\"></span>S 39 instead of the r<span class=\"_ _6\"></span>equiremen<span class=\"_ _6\"></span>ts in Chapter 6 of IFR<span class=\"_ _6\"></span>S 9<span class=\"_ _1f6\"></span>. The </div><div class=\"t m0 hd ff1 fs7 fc3 sc0 ls11 ws2 gs1d0\">Group uses fair v<span class=\"_ _6\"></span>alue hedge accounting for a portfolio hedge of int<span class=\"_ _6\"></span>erest r<span class=\"_ _6\"></span>ate risk. </div><div class=\"t m0 hd ff1 fs7 fc3 sc0 ls11 ws2 gs1d1\">Portfolio hedge accounting allows f<span class=\"_ _6\"></span><span class=\"_ _383\">or hedge effectiv</span><span class=\"_ _6\"></span>eness testing and accounting o<span class=\"_ _6\"></span>ver an en<span class=\"_ _6\"></span>tire portfolio of \ufb01nancial assets or liabilities<span class=\"_ _6\"></span>. T<span class=\"_ _8\"></span>o </div><div class=\"t m0 hd ff1 fs7 fc3 sc0 ls11 ws2 gs1d2\">qualify for hedge accounting at inception, hedge relationships ar<span class=\"_ _6\"></span>e clearly documented and deriv<span class=\"_ _6\"></span>atives must be e<span class=\"_ _6\"></span>xpected to be highly e<span class=\"_ _6\"></span><span class=\"_ _383\">ffective </span></div><div class=\"t m0 hd ff1 fs7 fc3 sc0 ls11 ws2 gs1d3\"><span class=\"_ _383\">in offsetting the hedge</span><span class=\"_ _6\"></span>d risks<span class=\"_ _8\"></span><span class=\"_ _383\">. In addition, effectiveness must be t</span><span class=\"_ _6\"></span>ested thr<span class=\"_ _6\"></span>oughout the life of the hedge relationship<span class=\"_ _6\"></span>. This applies to all derivativ<span class=\"_ _6\"></span>es </div><div class=\"t m0 hd ff1 fs7 fc3 sc0 ls11 ws2 gs1d4\">including SONIA<span class=\"_ _6\"></span>-link<span class=\"_ _6\"></span>ed derivativ<span class=\"_ _6\"></span>es entered in<span class=\"_ _6\"></span>to to replace LIBOR-link<span class=\"_ _8\"></span>ed derivatives<span class=\"_ _8\"></span>, as a result of IBOR ref<span class=\"_ _6\"></span>orms during 2021.<span class=\"_ _383\"> </span></div><div class=\"t m0 hd ff1 fs7 fc3 sc0 ls11 ws2 gs1d5\">The Group applies fair v<span class=\"_ _6\"></span>alue portfolio hedge accounting to its \ufb01xed r<span class=\"_ _6\"></span>ate portfolio of mortgages and saving accounts. The hedge<span class=\"_ _6\"></span>d portfolio is </div><div class=\"t m0 hd ff1 fs7 fc3 sc0 ls11 ws2 gs1d6\">analysed into r<span class=\"_ _6\"></span>epricing time periods based on expected r<span class=\"_ _6\"></span>epricing dates, utilising the Gr<span class=\"_ _6\"></span>oup Assets and Liabilities Committee (AL<span class=\"_ _8\"></span>CO) approv<span class=\"_ _8\"></span>ed<span class=\"_ _1\"></span> </div><div class=\"t m0 hd ff1 fs7 fc3 sc0 ls11 ws2 gs1d7\">prepayment curve<span class=\"_ _6\"></span>. Inter<span class=\"_ _6\"></span>est r<span class=\"_ _6\"></span>ate sw<span class=\"_ _6\"></span>aps are designated agains<span class=\"_ _6\"></span>t the repricing time periods to es<span class=\"_ _6\"></span>tablish the hedge relationship<span class=\"_ _6\"></span><span class=\"_ _383\">. Hedge effectiv</span><span class=\"_ _6\"></span>eness </div><div class=\"t m0 hd ff1 fs7 fc3 sc0 ls11 ws2 gs1d8\">is calculated as a percen<span class=\"_ _6\"></span>tage of the fair value mo<span class=\"_ _8\"></span>vement of the int<span class=\"_ _6\"></span>erest r<span class=\"_ _6\"></span>ate sw<span class=\"_ _6\"></span>ap against the fair v<span class=\"_ _6\"></span>alue mov<span class=\"_ _6\"></span>ement of the hedged it<span class=\"_ _6\"></span>em ov<span class=\"_ _6\"></span>er the </div><div class=\"t m0 hd ff1 fs7 fc3 sc0 ls11 ws2 gs1d9\">period teste<span class=\"_ _6\"></span>d. </div><div class=\"t m0 hd ff1 fs7 fc3 sc0 ls11 ws2 gs1da\">The Group considers the f<span class=\"_ _6\"></span>ollowing as k<span class=\"_ _8\"></span><span class=\"_ _383\">ey sources of hedge ineffectiv</span><span class=\"_ _6\"></span>eness:<span class=\"_ _383\"> </span></div><div class=\"t m0 hd ff1 fs7 fc3 sc0 ls11 ws6e gs1db\">\u2022 <span class=\"_ _124\"> </span><span class=\"ws2\">the mismatch in maturity date of the sw<span class=\"_ _6\"></span>ap and hedged item, as sw<span class=\"_ _6\"></span>aps with a given maturity date co<span class=\"_ _6\"></span>ver a portfolio of hedged it<span class=\"_ _6\"></span>ems which </span></div><div class=\"t m0 hd ff1 fs7 fc3 sc0 ls11 ws2 gs1dc\">may mature throughout the mon<span class=\"_ _6\"></span>th;<span class=\"_ _383\"> </span></div><div class=\"t m0 hd ff1 fs7 fc3 sc0 ls11 ws6e gs1dd\">\u2022 <span class=\"_ _124\"> </span><span class=\"ws2\"><span class=\"_ _383\">the actual behaviour of the hedged item differing from e</span><span class=\"_ _6\"></span>xpectations, such as e<span class=\"_ _6\"></span>arly repayments or withdr<span class=\"_ _6\"></span>aw<span class=\"_ _6\"></span>als and arrears;<span class=\"_ _383\"> </span></span></div><div class=\"t m0 hd ff1 fs7 fc3 sc0 ls11 ws6e gs1de\">\u2022 <span class=\"_ _124\"> </span><span class=\"ws2\">minimal movement<span class=\"_ _6\"></span><span class=\"_ _383\">s in the yield curve leading to ineffectiv</span><span class=\"_ _6\"></span>eness where hedge r<span class=\"_ _6\"></span>elationships are sensitive t<span class=\"_ _6\"></span>o small value changes; and<span class=\"_ _383\"> </span></span></div><div class=\"t m0 hd ff1 fs7 fc3 sc0 ls11 ws6e gs1df\">\u2022 <span class=\"_ _124\"> </span><span class=\"ws2\">the transition relating to LIBOR r<span class=\"_ _6\"></span>eforms during 2021 wher<span class=\"_ _6\"></span>eby some hedged instrumen<span class=\"_ _6\"></span>ts and hedged items ar<span class=\"_ _6\"></span><span class=\"_ _383\">e based on differen</span><span class=\"_ _6\"></span>t benchmark </span></div><div class=\"t m0 hd ff1 fs7 fc3 sc0 ls11 ws6e gs1e0\">rates<span class=\"_ _8\"></span>.<span class=\"_ _383\"> </span></div><div class=\"t m0 hd ff1 fs7 fc3 sc0 ls11 ws2 gs1e1\">Where there is an e<span class=\"_ _6\"></span><span class=\"_ _383\">ffective hedge r</span><span class=\"_ _6\"></span>elationship for fair v<span class=\"_ _6\"></span>alue hedges, the Gr<span class=\"_ _6\"></span>oup recognises the change in fair value of e<span class=\"_ _6\"></span>ach hedged item in pro\ufb01t </div><div class=\"t m0 hd ff1 fs7 fc3 sc0 ls11 ws2 gs1e2\">or loss with the cumulative mo<span class=\"_ _6\"></span>vement in their v<span class=\"_ _6\"></span>alue being shown separ<span class=\"_ _6\"></span>ately in the Consolidated Stat<span class=\"_ _6\"></span>ement of Financial Position as fair v<span class=\"_ _6\"></span>alue </div><div class=\"t m0 hd ff1 fs7 fc3 sc0 ls11 ws2 gs1e3\">adjustment<span class=\"_ _6\"></span>s on hedged assets and liabilities<span class=\"_ _6\"></span>. The fair value changes of both the deriv<span class=\"_ _6\"></span>ative and the hedge subs<span class=\"_ _6\"></span><span class=\"_ _383\">tantially off</span><span class=\"_ _6\"></span>set each other to r<span class=\"_ _6\"></span>educe </div><div class=\"t m0 hd ff1 fs7 fc3 sc0 ls11 ws2 gs1e4\">pro\ufb01t v<span class=\"_ _6\"></span>olatility.<span class=\"_ _383\"> </span></div><div class=\"t m0 hd ff1 fs7 fc3 sc0 ls11 ws2 gs1e5\">The Group discontinues hedge accounting when the deriv<span class=\"_ _6\"></span>ative ceases through e<span class=\"_ _6\"></span>xpiry, when the derivative is c<span class=\"_ _6\"></span>ancelled or the underlying hedged </div><div class=\"t m0 hd ff1 fs7 fc3 sc0 ls11 ws2 gs1e6\">item matures<span class=\"_ _6\"></span>, is sold or is repaid.<span class=\"_ _383\"> </span></div><div class=\"t m0 hd ff1 fs7 fc3 sc0 ls11 ws2 gs1e7\">If a derivative no longer meet<span class=\"_ _6\"></span>s the criteria for hedge accounting or is cancelled whilst s<span class=\"_ _6\"></span><span class=\"_ _383\">till effectiv</span><span class=\"_ _6\"></span>e, including LIBOR-link<span class=\"_ _8\"></span>ed derivatives c<span class=\"_ _6\"></span>ancelled </div><div class=\"t m0 hd ff1 fs7 fc3 sc0 ls11 ws2 gs1e8\">as a result of IBOR r<span class=\"_ _6\"></span>eforms during 2<span class=\"_ _6\"></span>021, the fair value adjus<span class=\"_ _6\"></span>tment relating to the hedge<span class=\"_ _6\"></span>d assets or liabilities within the hedge relationship prior </div><div class=\"t m0 hd ff1 fs7 fc3 sc0 ls11 ws2 gs1e9\">to the derivativ<span class=\"_ _6\"></span><span class=\"_ _383\">e becoming ineffective or being cancelled r</span><span class=\"_ _6\"></span>emains on the Consolidated Statemen<span class=\"_ _6\"></span>t of Financial Position and is amortised over the </div><div class=\"t m0 hd ff1 fs7 fc3 sc0 ls11 ws2 gs1ea\">remaining life o<span class=\"_ _6\"></span>f the hedged assets or liabilities<span class=\"_ _6\"></span>. The rate of amortisation ov<span class=\"_ _8\"></span>er the remaining life is in line with expected income or cost gener<span class=\"_ _6\"></span>ated </div><div class=\"t m0 hd ff1 fs7 fc3 sc0 ls11 ws2 gs1eb\">from the hedged assets or liabilities<span class=\"_ _8\"></span>. Each reporting period, the expectation is compared to actual with an accelerat<span class=\"_ _6\"></span><span class=\"_ _383\">ed run-off applied where the </span></div><div class=\"t m0 hd ff1 fs7 fc3 sc0 ls11 ws2 gs1ec\">two div<span class=\"_ _6\"></span>erge by mor<span class=\"_ _6\"></span>e than set parameter<span class=\"_ _6\"></span>s.<span class=\"_ _383\"> </span></div><div class=\"t m0 hc ff2 fs7 fc3 sc0 ls2 ws2 gs1ed\"><span class=\"_ _383\">w)\u2002Debit an</span><span class=\"_ _1\"></span>d cre<span class=\"_ _1\"></span>dit valuat<span class=\"_ _1\"></span>ion ad<span class=\"_ _1\"></span>just<span class=\"_ _1\"></span>ment<span class=\"_ _1\"></span>s<span class=\"_ _383\"> </span></div><div class=\"t m0 hd ff1 fs7 fc3 sc0 ls11 ws2 gs1ee\">The D<span class=\"_ _6\"></span>V<span class=\"_ _8\"></span>A and CV<span class=\"_ _1f6\"></span>A are included in the fair value of deriv<span class=\"_ _6\"></span>ative \ufb01nancial instrumen<span class=\"_ _6\"></span>ts. The D<span class=\"_ _8\"></span>V<span class=\"_ _8\"></span>A is based on the expected loss a counterparty faces due </div><div class=\"t m0 hd ff1 fs7 fc3 sc0 ls11 ws2 gs1ef\">to the risk of the Group<span class=\"_ _8\"></span>\u2019<span class=\"_ _8\"></span>s two banking entities def<span class=\"_ _6\"></span>aulting. The C<span class=\"_ _6\"></span>V<span class=\"_ _8\"></span>A re\ufb02ects the Group<span class=\"_ _8\"></span>\u2019<span class=\"_ _8\"></span>s risk of the counterparty\u2019<span class=\"_ _8\"></span>s default. </div><div class=\"t m0 hd ff1 fs7 fc3 sc0 ls11 ws2 gs1f0\">The methodology is based on a st<span class=\"_ _6\"></span>andard calculation, taking in<span class=\"_ _6\"></span>to account: </div><div class=\"t m0 hd ff1 fs7 fc3 sc0 ls11 ws6e gs1f1\">\u2022 <span class=\"_ _124\"> </span><span class=\"ws2\">the one-year PD;<span class=\"_ _383\"> </span></span></div><div class=\"t m0 hd ff1 fs7 fc3 sc0 ls11 ws6e gs1f2\">\u2022 <span class=\"_ _124\"> </span><span class=\"ws2\">the expected EAD; </span></div><div class=\"t m0 hd ff1 fs7 fc3 sc0 ls11 ws6e gs1f3\">\u2022 <span class=\"_ _124\"> </span><span class=\"ws2\">the expected L<span class=\"_ _8\"></span>GD; and<span class=\"_ _383\"> </span></span></div><div class=\"t m0 hd ff1 fs7 fc3 sc0 ls11 ws6e gs1f4\">\u2022 <span class=\"_ _124\"> </span><span class=\"ws2\">the average maturity of the s<span class=\"_ _6\"></span>waps<span class=\"_ _6\"></span>.<span class=\"_ _383\"> </span></span></div><div class=\"t m3 hc ff2 fs7 fc2 sc0 ls2 ws2 gs1f6\"><span class=\"_ _383\">1.\u2002Acc</span><span class=\"_ _1\"></span>ountin<span class=\"_ _1\"></span>g pol<span class=\"_ _1\"></span>icie<span class=\"_ _1\"></span>s<span class=\"ff5 lsd4 ws46\"> continue<span class=\"_ _1\"></span>d<span class=\"_ _383\"> </span></span></div><div class=\"t m3 hc ff2 fs7 fc3 sc0 ls2 ws2 gs1f7\"><span class=\"_ _383\">x)\u2002Provis</span><span class=\"_ _1\"></span>ions an<span class=\"_ _1\"></span>d cont<span class=\"_ _1\"></span>inge<span class=\"_ _1\"></span>nt liab<span class=\"_ _1\"></span>ilitie<span class=\"_ _1\"></span>s<span class=\"_ _383\"> </span></div><div class=\"t m3 hd ff1 fs7 fc3 sc0 ls11 ws2 gs1f8\">A pro<span class=\"_ _6\"></span>vision is recognised when there is a presen<span class=\"_ _6\"></span>t obligation as a result of a pas<span class=\"_ _6\"></span>t ev<span class=\"_ _6\"></span>ent, it is probable that the obligation will be se<span class=\"_ _6\"></span>ttled and the </div><div class=\"t m3 hd ff1 fs7 fc3 sc0 ls11 ws2 gs1f9\">amount can be es<span class=\"_ _6\"></span>timated reliably. </div><div class=\"t m3 hd ff1 fs7 fc3 sc0 ls11 ws2 gs1fa\">Pro<span class=\"_ _6\"></span>visions include ECLs on the Group<span class=\"_ _8\"></span>\u2019<span class=\"_ _6\"></span>s undrawn loan commitmen<span class=\"_ _6\"></span>ts.<span class=\"_ _383\"> </span></div><div class=\"t m3 hd ff1 fs7 fc3 sc0 ls11 ws2 gs1fb\">Contingent liabilities ar<span class=\"_ _6\"></span>e possible obligations arising from past e<span class=\"_ _6\"></span>ven<span class=\"_ _6\"></span>ts, whose e<span class=\"_ _6\"></span>xistence will be con\ufb01rmed only by uncertain future e<span class=\"_ _6\"></span>ven<span class=\"_ _6\"></span>ts, </div><div class=\"t m3 hd ff1 fs7 fc3 sc0 ls11 ws2 gs1fc\">or present obligations arising fr<span class=\"_ _6\"></span>om past e<span class=\"_ _6\"></span>vent<span class=\"_ _6\"></span>s which are either not probable or the amoun<span class=\"_ _6\"></span>t of the obligation cannot be r<span class=\"_ _6\"></span>eliably measured. </div><div class=\"t m3 hd ff1 fs7 fc3 sc0 ls11 ws2 gs1fd\">Contingent liabilities ar<span class=\"_ _6\"></span>e not recognised but disclosed unless they are not mat<span class=\"_ _6\"></span>erial or their probability is remot<span class=\"_ _6\"></span>e.<span class=\"_ _383\"> </span></div><div class=\"t m3 hc ff2 fs7 fc3 sc0 ls2 ws2 gs1fe\"><span class=\"_ _383\">y)\u2002Empl</span><span class=\"_ _1\"></span>oye<span class=\"_ _1\"></span>e b<span class=\"_ _1\"></span>ene<span class=\"_ _1\"></span>\ufb01ts \u2013 de<span class=\"_ _1\"></span>\ufb01ne<span class=\"_ _1\"></span>d co<span class=\"_ _1\"></span>ntribu<span class=\"_ _1\"></span>tion s<span class=\"_ _1\"></span>che<span class=\"_ _1\"></span>me<span class=\"_ _383\"> </span></div><div class=\"t m3 hd ff1 fs7 fc3 sc0 ls11 ws2 gs1ff\">The Group contributes t<span class=\"_ _6\"></span>o de\ufb01ned contribution personal pension plans or de<span class=\"_ _6\"></span>\ufb01ned contribution retir<span class=\"_ _6\"></span>ement bene\ufb01t schemes f<span class=\"_ _6\"></span>or all qualifying </div><div class=\"t m3 hd ff1 fs7 fc3 sc0 ls11 ws2 gs200\">employees who subscribe to the terms and conditions of the schemes<span class=\"_ _8\"></span>\u2019 policies. </div><div class=\"t m3 hd ff1 fs7 fc3 sc0 ls11 ws2 gs201\">Obligations for contributions to de<span class=\"_ _6\"></span>\ufb01ned contribution pension arrangemen<span class=\"_ _6\"></span>ts are r<span class=\"_ _6\"></span>ecognised as an expense in pro\ufb01t or loss as incurr<span class=\"_ _6\"></span>ed.<span class=\"_ _383\"> </span></div><div class=\"t m3 hc ff2 fs7 fc3 sc0 ls2 ws2 gs202\"><span class=\"_ _383\">z)\u2002Share</span><span class=\"_ _1\"></span>-<span class=\"_ _1\"></span>bas<span class=\"_ _1\"></span>ed p<span class=\"_ _1\"></span>aym<span class=\"_ _1\"></span>ents<span class=\"_ _383\"> </span></div><div class=\"t m3 hd ff1 fs7 fc3 sc0 ls11 ws2 gs203\">Equity-settled share-based paymen<span class=\"_ _6\"></span>ts to employees pro<span class=\"_ _6\"></span>viding services are measured at the fair v<span class=\"_ _6\"></span>alue of the equity instrumen<span class=\"_ _6\"></span>ts at the gran<span class=\"_ _6\"></span>t date </div><div class=\"t m3 hd ff1 fs7 fc3 sc0 ls11 ws2 gs204\">in accordance with IFRS 2. The fair v<span class=\"_ _6\"></span>alue excludes the e<span class=\"_ _6\"></span><span class=\"_ _383\">ffect of non-mark</span><span class=\"_ _8\"></span>et-based vesting conditions<span class=\"_ _6\"></span>.<span class=\"_ _383\"> </span></div><div class=\"t m3 hd ff1 fs7 fc3 sc0 ls11 ws2 gs205\">The cost of the aw<span class=\"_ _6\"></span>ards ar<span class=\"_ _6\"></span>e charged on a s<span class=\"_ _6\"></span>traigh<span class=\"_ _6\"></span>t-line basis to pro\ufb01t or loss (<span class=\"_ _6\"></span>with a corresponding increase in the shar<span class=\"_ _6\"></span>e-based payment r<span class=\"_ _6\"></span>eserve </div><div class=\"t m3 hd ff1 fs7 fc3 sc0 ls11 ws2 gs206\">within equity) ov<span class=\"_ _6\"></span>er the ves<span class=\"_ _6\"></span>ting period in which the employees become unconditionally entitled to the awar<span class=\"_ _6\"></span>ds. The incr<span class=\"_ _6\"></span>ease within the share-based </div><div class=\"t m3 hd ff1 fs7 fc3 sc0 ls11 ws2 gs207\">payment reserve is r<span class=\"_ _6\"></span>eclassi\ufb01ed to retained e<span class=\"_ _6\"></span>arnings upon exer<span class=\"_ _6\"></span>cise. </div><div class=\"t m3 hd ff1 fs7 fc3 sc0 ls11 ws2 gs208\">The amount recognised as an e<span class=\"_ _6\"></span>xpense for non-mark<span class=\"_ _8\"></span>et conditions and related service c<span class=\"_ _1\"></span>onditions is adjusted each r<span class=\"_ _6\"></span>eporting period to re\ufb02ect the </div><div class=\"t m3 hd ff1 fs7 fc3 sc0 ls11 ws2 gs209\">actual number of aw<span class=\"_ _6\"></span>ards e<span class=\"_ _6\"></span>xpected to be met. The amount r<span class=\"_ _6\"></span>ecognised as an expense for aw<span class=\"_ _6\"></span>ards subject t<span class=\"_ _6\"></span>o mark<span class=\"_ _6\"></span>et conditions is based on the </div><div class=\"t m3 hd ff1 fs7 fc3 sc0 ls11 ws2 gs20a\">proportion that is expected to meet the condition as assessed at the gr<span class=\"_ _6\"></span>ant date<span class=\"_ _6\"></span>. No adjustment is made t<span class=\"_ _6\"></span>o the fair value of each a<span class=\"_ _6\"></span>war<span class=\"_ _6\"></span>d calculated </div><div class=\"t m3 hd ff1 fs7 fc3 sc0 ls11 ws2 gs20b\">at gran<span class=\"_ _6\"></span>t date. </div><div class=\"t m3 hd ff1 fs7 fc3 sc0 ls11 ws2 gs20c\">Share-based payment<span class=\"_ _6\"></span>s that are not subject to further ves<span class=\"_ _6\"></span>ting conditions (i.e. the De<span class=\"_ _6\"></span>ferred Shar<span class=\"_ _6\"></span>e Bonus Plan (DSBP) for senior manager<span class=\"_ _6\"></span>s) are </div><div class=\"t m3 hd ff1 fs7 fc3 sc0 ls11 ws2 gs20d\">expensed in the year services are receive<span class=\"_ _6\"></span>d with a corresponding increase in equity. A<span class=\"_ _6\"></span>war<span class=\"_ _6\"></span>ds gran<span class=\"_ _6\"></span>ted to Executiv<span class=\"_ _6\"></span>e Director<span class=\"_ _6\"></span>s in March 202<span class=\"_ _6\"></span>0 are </div><div class=\"t m3 hd ff1 fs7 fc3 sc0 ls11 ws2 gs20e\">subject to service conditions through to vesting and ar<span class=\"_ _6\"></span>e expensed o<span class=\"_ _6\"></span>ver the v<span class=\"_ _6\"></span>esting period. A<span class=\"_ _6\"></span>war<span class=\"_ _6\"></span>ds gran<span class=\"_ _6\"></span>ted to Executiv<span class=\"_ _6\"></span>e Director<span class=\"_ _6\"></span>s from 2021 ar<span class=\"_ _6\"></span>e not </div><div class=\"t m3 hd ff1 fs7 fc3 sc0 ls11 ws2 gs20f\">subject to future service conditions and are expensed in the year wher<span class=\"_ _6\"></span>e the service is de<span class=\"_ _1\"></span>emed to have been pr<span class=\"_ _6\"></span>ovided.<span class=\"_ _383\"> </span></div><div class=\"t m3 hd ff1 fs7 fc3 sc0 ls11 ws2 gs210\">Where the allo<span class=\"_ _6\"></span>wable cost o<span class=\"_ _6\"></span>f share-based options or aw<span class=\"_ _6\"></span>ards f<span class=\"_ _6\"></span>or tax purposes is greater than the cos<span class=\"_ _6\"></span>t determined in accordance with IFRS 2, the </div><div class=\"t m3 hd ff1 fs7 fc3 sc0 ls11 ws2 gs211\"><span class=\"_ _383\">tax effect o</span><span class=\"_ _6\"></span>f the excess is tak<span class=\"_ _8\"></span>en to the share-based payment r<span class=\"_ _6\"></span><span class=\"_ _383\">eserve within equity. The tax eff</span><span class=\"_ _6\"></span>ect is reclassi\ufb01ed to ret<span class=\"_ _6\"></span>ained earnings upon ves<span class=\"_ _6\"></span>ting. </div><div class=\"t m3 hd ff1 fs7 fc3 sc0 ls11 ws2 gs212\">Employer\u2019<span class=\"_ _8\"></span>s national insurance is charged t<span class=\"_ _6\"></span>o pro\ufb01t or loss at the shar<span class=\"_ _6\"></span>e price at the reporting date on the same servic<span class=\"_ _1\"></span>e or vesting sche<span class=\"_ _6\"></span>dules as the </div><div class=\"t m3 hd ff1 fs7 fc3 sc0 ls11 ws2 gs213\">underlying options and awar<span class=\"_ _8\"></span>ds. </div><div class=\"t m3 hd ff1 fs7 fc3 sc0 ls11 ws2 gs214\">Own shares are r<span class=\"_ _6\"></span>ecorded at cost and deducte<span class=\"_ _6\"></span>d from equity and repr<span class=\"_ _6\"></span>esent shares o<span class=\"_ _6\"></span>f OSBG that are held by the Employee Bene\ufb01t T<span class=\"_ _1f6\"></span>rust. </div><div class=\"t m3 hc ff2 fs7 fc3 sc0 ls2 ws2 gs215\"><span class=\"_ _383\">aa)\u2002Lease</span><span class=\"_ _1\"></span>s<span class=\"_ _383\"> </span></div><div class=\"t m3 hd ff1 fs7 fc3 sc0 ls11 ws2 gs216\">The Group<span class=\"_ _8\"></span>\u2019<span class=\"_ _6\"></span>s leases are pr<span class=\"_ _6\"></span>edominantly for o<span class=\"_ _6\"></span><span class=\"_ _383\">ffices and Ken</span><span class=\"_ _6\"></span>t Reliance branches<span class=\"_ _6\"></span>. The Group r<span class=\"_ _6\"></span>ecognises right-of-use assets and lease liabilities for </div><div class=\"t m3 hd ff1 fs7 fc3 sc0 ls11 ws2 gs217\">leases ov<span class=\"_ _6\"></span>er 12 months long. Right-o<span class=\"_ _6\"></span>f-use assets and lease liabilities are initially r<span class=\"_ _6\"></span>ecognised at the net present v<span class=\"_ _6\"></span>alue of future lease paymen<span class=\"_ _6\"></span>ts, </div><div class=\"t m3 hd ff1 fs7 fc3 sc0 ls11 ws2 gs218\">discounted at the r<span class=\"_ _6\"></span>ate implicit in the lease or<span class=\"_ _8\"></span>, where not available<span class=\"_ _6\"></span>, the Group<span class=\"_ _8\"></span>\u2019<span class=\"_ _8\"></span>s incremental borro<span class=\"_ _6\"></span>wing cost. Subsequent to initial r<span class=\"_ _6\"></span>ecognition, the </div><div class=\"t m3 hd ff1 fs7 fc3 sc0 ls11 ws2 gs219\">right-of-use asset is depr<span class=\"_ _6\"></span>eciated on a str<span class=\"_ _6\"></span>aight-line basis o<span class=\"_ _6\"></span>ver the term of the le<span class=\"_ _6\"></span>ase. Future r<span class=\"_ _6\"></span>ental paymen<span class=\"_ _6\"></span>ts are deducte<span class=\"_ _6\"></span>d from the lease liability, </div><div class=\"t m3 hd ff1 fs7 fc3 sc0 ls11 ws2 gs21a\">with inter<span class=\"_ _6\"></span>est charge<span class=\"_ _6\"></span>d on the lease liability using the incremental borr<span class=\"_ _6\"></span>owing cos<span class=\"_ _6\"></span>t at the time of initial recognition. L<span class=\"_ _6\"></span>ease liability payments ar<span class=\"_ _6\"></span>e </div><div class=\"t m3 hd ff1 fs7 fc3 sc0 ls11 ws2 gs21b\">recognised within \ufb01nancing activities in the Consolidated Stat<span class=\"_ _6\"></span>ement of Cash Flo<span class=\"_ _6\"></span>ws<span class=\"_ _6\"></span>. </div><div class=\"t m3 hd ff1 fs7 fc3 sc0 ls11 ws2 gs21c\">The Group assesses the lik<span class=\"_ _8\"></span>ely impact of early terminations in recognising the right-o<span class=\"_ _6\"></span>f-use asset and lease liability where an option to t<span class=\"_ _6\"></span>erminate </div><div class=\"t m3 hd ff1 fs7 fc3 sc0 ls11 ws2 gs21d\">early exis<span class=\"_ _6\"></span>ts. </div><div class=\"t m3 hd ff1 fs7 fc3 sc0 ls11 ws2 gs21e\">For modi\ufb01cations that increase the length o<span class=\"_ _6\"></span>f a lease; the modi\ufb01ed lease term is determined and the lease liability r<span class=\"_ _6\"></span>emeasured by discounting the </div><div class=\"t m3 hd ff1 fs7 fc3 sc0 ls11 ws2 gs21f\">re<span class=\"_ _6\"></span>vised lease payments using a r<span class=\"_ _6\"></span>evised discount r<span class=\"_ _6\"></span>ate, at the e<span class=\"_ _6\"></span><span class=\"_ _383\">ffective dat</span><span class=\"_ _6\"></span>e of the lease modi\ufb01cation; a corresponding adjus<span class=\"_ _6\"></span>tment is made to the </div><div class=\"t m3 hd ff1 fs7 fc3 sc0 ls11 ws2 gs220\">right-of-use asset. Wher<span class=\"_ _6\"></span>e modi\ufb01cations decrease the length of a le<span class=\"_ _6\"></span>ase, the lease liability and right-o<span class=\"_ _6\"></span>f-use asset are r<span class=\"_ _6\"></span>educed in proportion to the </div><div class=\"t m3 hd ff1 fs7 fc3 sc0 ls11 ws2 gs221\">reduction in the lease term, with any gain or loss r<span class=\"_ _6\"></span>ecognised in the pro\ufb01t or loss<span class=\"_ _6\"></span>.<span class=\"_ _383\"> </span></div><div class=\"t m3 hd ff1 fs7 fc3 sc0 ls11 ws2 gs222\">Leases with lo<span class=\"_ _6\"></span>w future paymen<span class=\"_ _6\"></span>ts or terms less than 12 months ar<span class=\"_ _6\"></span>e recognised on an accruals basis directly in pro<span class=\"_ _6\"></span>\ufb01t or loss.<span class=\"_ _383\"> </span></div><div class=\"t m0 hc ff2 fs7 fc3 sc0 ls2 ws2 gs224\"><span class=\"_ _383\">bb)\u2002Adoptio</span><span class=\"_ _1\"></span>n of new s<span class=\"_ _1\"></span>tand<span class=\"_ _1\"></span>ards<span class=\"_ _383\"> </span></div><div class=\"t m0 h2b ff3 fs7 fc2 sc0 ls2 ws2 gs225\">Inte<span class=\"_ _1\"></span>rnati<span class=\"_ _1\"></span>ona<span class=\"_ _1\"></span>l \ufb01nan<span class=\"_ _1\"></span>cia<span class=\"_ _1\"></span>l rep<span class=\"_ _1\"></span>or<span class=\"_ _1\"></span>tin<span class=\"_ _1\"></span>g sta<span class=\"_ _1\"></span>nda<span class=\"_ _1\"></span>rds is<span class=\"_ _1\"></span>su<span class=\"_ _1\"></span>ed an<span class=\"_ _1\"></span>d ad<span class=\"_ _1\"></span>opte<span class=\"_ _1\"></span>d fo<span class=\"_ _1\"></span>r the \ufb01r<span class=\"_ _1\"></span>st ti<span class=\"_ _1\"></span>me in th<span class=\"_ _1\"></span>e ye<span class=\"_ _1\"></span>ar en<span class=\"_ _1\"></span>de<span class=\"_ _1\"></span>d 31 De<span class=\"_ _1\"></span>ce<span class=\"_ _1\"></span>mb<span class=\"_ _1\"></span>er 2022<span class=\"_ _383\"> </span></div><div class=\"t m0 hd ff1 fs7 fc3 sc0 ls11 ws2 gs226\">There w<span class=\"_ _6\"></span>ere a number of minor amendmen<span class=\"_ _6\"></span>ts to \ufb01nancial reporting standar<span class=\"_ _6\"></span><span class=\"_ _383\">ds that are eff</span><span class=\"_ _6\"></span>ective for the curr<span class=\"_ _6\"></span>ent year<span class=\"_ _1f6\"></span>. There has been no material </div><div class=\"t m0 hd ff1 fs7 fc3 sc0 ls11 ws2 gs1f6\">impact on the \ufb01nancial stat<span class=\"_ _6\"></span>ements of the Gr<span class=\"_ _6\"></span>oup from the adoption of these \ufb01nancial r<span class=\"_ _6\"></span>eporting standard amendmen<span class=\"_ _6\"></span>ts and interpr<span class=\"_ _6\"></span>etations.<span class=\"_ _383\"> </span></div><div class=\"t m0 h2b ff3 fs7 fc2 sc0 ls2 ws2 gs1f8\">Inte<span class=\"_ _1\"></span>rnati<span class=\"_ _1\"></span>ona<span class=\"_ _1\"></span>l \ufb01nan<span class=\"_ _1\"></span>cia<span class=\"_ _1\"></span>l rep<span class=\"_ _1\"></span>or<span class=\"_ _1\"></span>tin<span class=\"_ _1\"></span>g sta<span class=\"_ _1\"></span>nda<span class=\"_ _1\"></span>rds is<span class=\"_ _1\"></span>su<span class=\"_ _1\"></span>ed b<span class=\"_ _1\"></span>ut not y<span class=\"_ _1\"></span><span class=\"_ _383\">et eff</span><span class=\"_ _1\"></span>e<span class=\"_ _1\"></span>cti<span class=\"_ _1\"></span>ve whi<span class=\"_ _1\"></span>ch are a<span class=\"_ _1\"></span>ppl<span class=\"_ _1\"></span>ica<span class=\"_ _1\"></span>ble to t<span class=\"_ _1\"></span>he Gr<span class=\"_ _1\"></span>oup </div><div class=\"t m0 hd ff1 fs7 fc3 sc0 ls11 ws2 gs1f9\">Certain amendments to accounting standar<span class=\"_ _8\"></span>ds and interpretations that w<span class=\"_ _6\"></span><span class=\"_ _383\">ere not eff</span><span class=\"_ _6\"></span>ective on 31 December 2022 hav<span class=\"_ _6\"></span>e not been early adopted <span class=\"ls2\"> </span></div><div class=\"t m0 hd ff1 fs7 fc3 sc0 ls11 ws2 gs227\">by the Group. The adop<span class=\"_ _6\"></span>tion of these amendments ar<span class=\"_ _6\"></span>e not expected to hav<span class=\"_ _8\"></span>e a material impact on the \ufb01nancial statements o<span class=\"_ _6\"></span>f the Group in <span class=\"ls2\"> </span></div><div class=\"t m0 hd ff1 fs7 fc3 sc0 ls11 ws2 gs1fa\">future periods<span class=\"_ _6\"></span>.<span class=\"_ _383\"> </span></div><div class=\"t m0 hc ff2 fs7 fc2 sc0 ls2 ws2 gs1fb\"><span class=\"_ _383\">2.\u2002Ju</span><span class=\"_ _1\"></span>dge<span class=\"_ _1\"></span>me<span class=\"_ _1\"></span>nts in ap<span class=\"_ _1\"></span>plyin<span class=\"_ _1\"></span>g acc<span class=\"_ _1\"></span>ounti<span class=\"_ _1\"></span>ng po<span class=\"_ _1\"></span>licie<span class=\"_ _1\"></span>s and c<span class=\"_ _1\"></span>ritica<span class=\"_ _1\"></span>l acc<span class=\"_ _1\"></span>ounti<span class=\"_ _1\"></span>ng es<span class=\"_ _1\"></span>timat<span class=\"_ _1\"></span>es<span class=\"_ _383\"> </span></div><div class=\"t m0 hd ff1 fs7 fc3 sc0 ls11 ws2 gs1fc\">In preparing these \ufb01nancial st<span class=\"_ _6\"></span>atements<span class=\"_ _6\"></span>, the Group has made judgemen<span class=\"_ _6\"></span>ts, es<span class=\"_ _6\"></span><span class=\"_ _383\">timates and assumptions which affect the r</span><span class=\"_ _6\"></span>eported amounts within </div><div class=\"t m0 hd ff1 fs7 fc3 sc0 ls11 ws2 gs1fd\">the current and futur<span class=\"_ _6\"></span>e \ufb01nancial years<span class=\"_ _6\"></span>. Actual result<span class=\"_ _6\"></span><span class=\"_ _383\">s may differ from these es</span><span class=\"_ _6\"></span>timates. </div><div class=\"t m0 hd ff1 fs7 fc3 sc0 ls11 ws2 gs1fe\">As set out in the T<span class=\"_ _8\"></span>ask Force on Climate-relate<span class=\"_ _6\"></span>d Financial Disclosures (<span class=\"_ _1\"></span>TCFD<span class=\"_ _6\"></span>) report on page 100, climate change is a global challenge and an </div><div class=\"t m0 hd ff1 fs7 fc3 sc0 ls11 ws2 gs1ff\">emerging risk to businesses<span class=\"_ _8\"></span>, pe<span class=\"_ _1\"></span>ople and the environmen<span class=\"_ _6\"></span>t. Theref<span class=\"_ _6\"></span>ore, in pr<span class=\"_ _6\"></span>eparing the \ufb01nancial stat<span class=\"_ _6\"></span>ements<span class=\"_ _6\"></span>, the Group has considered the impact </div><div class=\"t m0 hd ff1 fs7 fc3 sc0 ls11 ws2 gs200\">of climate-relat<span class=\"_ _6\"></span>ed risk<span class=\"_ _6\"></span>s on its \ufb01nancial position and performance, including the impact on ECL<span class=\"_ _6\"></span> and redemption pro<span class=\"_ _6\"></span>\ufb01les included in EIR. While the </div><div class=\"t m0 hd ff1 fs7 fc3 sc0 ls11 ws2 gs228\"><span class=\"_ _383\">effects o</span><span class=\"_ _6\"></span>f climate change represen<span class=\"_ _6\"></span>t a source of uncertainty, the Group does not consider ther<span class=\"_ _6\"></span>e to be a material impact on its judgement<span class=\"_ _6\"></span>s and </div><div class=\"t m0 hd ff1 fs7 fc3 sc0 ls11 ws2 gs201\">estimates fr<span class=\"_ _6\"></span>om the physical or transition risk<span class=\"_ _8\"></span>s in the shor<span class=\"_ _1\"></span>t term. Accordingly, there is no signi\ufb01can<span class=\"_ _6\"></span>t risk of material adjus<span class=\"_ _6\"></span>tment to the carrying </div><div class=\"t m0 hd ff1 fs7 fc3 sc0 ls11 ws2 gs229\">amount of asset<span class=\"_ _6\"></span>s and liabilities within the next \ufb01nancial year as a result o<span class=\"_ _6\"></span>f climate change. As set out on page 71, whils<span class=\"_ _6\"></span>t not material, the Group </div><div class=\"t m0 hd ff1 fs7 fc3 sc0 ls11 ws2 gs202\">has recognised a post model adjus<span class=\"_ _6\"></span>tment (PMA) within the ECL pr<span class=\"_ _6\"></span>ovision o<span class=\"_ _6\"></span>f \u00a34<span class=\"_ _6\"></span>.<span class=\"_ _1f6\"></span>4m in relation to climate change.<span class=\"_ _383\"> </span></div><div class=\"t m0 hd ff1 fs7 fc3 sc0 ls11 ws2 gs204\">Estimates and judgemen<span class=\"_ _6\"></span>ts are r<span class=\"_ _6\"></span>egularly revie<span class=\"_ _8\"></span>wed based on past experience<span class=\"_ _6\"></span>, expectations o<span class=\"_ _6\"></span>f future ev<span class=\"_ _8\"></span>ents and other factors<span class=\"_ _8\"></span>.<span class=\"_ _1\"></span> </div><div class=\"t m0 hc ff2 fs7 fc3 sc0 ls2f ws2c gs205\">Judgements<span class=\"_ _383\"> </span></div><div class=\"t m0 hd ff1 fs7 fc3 sc0 ls11 ws2 gs206\">The Group has made the follo<span class=\"_ _6\"></span>wing k<span class=\"_ _8\"></span>ey judgements in applying the accounting policies:<span class=\"_ _383\"> </span></div><div class=\"t m0 h2b ff3 fs7 fc2 sc0 ls2 ws2 gs22a\">(i<span class=\"_ _1\"></span><span class=\"_ _383\">)\u2002Lo</span><span class=\"_ _1\"></span>an b<span class=\"_ _1\"></span>ook i<span class=\"_ _1\"></span>mpa<span class=\"_ _1\"></span>irm<span class=\"_ _1\"></span>ent<span class=\"_ _1\"></span>s<span class=\"_ _383\"> </span></div><div class=\"t m0 h70 ff10 fs7 fc2 sc0 ls2 ws2 gs208\">Sig<span class=\"_ _1\"></span>ni\ufb01c<span class=\"_ _1\"></span>ant i<span class=\"_ _1\"></span>nc<span class=\"_ _1\"></span>reas<span class=\"_ _1\"></span>e in c<span class=\"_ _1\"></span>red<span class=\"_ _1\"></span>it risk fo<span class=\"_ _1\"></span>r cla<span class=\"_ _1\"></span>ss<span class=\"_ _1\"></span>i\ufb01c<span class=\"_ _1\"></span>atio<span class=\"_ _1\"></span>n in stag<span class=\"_ _1\"></span>e 2<span class=\"_ _383\"> </span></div><div class=\"t m0 hd ff1 fs7 fc3 sc0 ls11 ws2 gs209\">The Group<span class=\"_ _8\"></span>\u2019<span class=\"_ _6\"></span>s SICR rules considers changes in def<span class=\"_ _6\"></span>ault risk, internal impairmen<span class=\"_ _6\"></span>t measures<span class=\"_ _6\"></span>, changes in customer cr<span class=\"_ _6\"></span>edit bureau \ufb01les<span class=\"_ _6\"></span>, or whether </div><div class=\"t m0 hd ff1 fs7 fc3 sc0 ls11 ws2 gs20a\">forbear<span class=\"_ _6\"></span>ance measures had been applied. As the CO<span class=\"_ _6\"></span>VID-19 paymen<span class=\"_ _6\"></span>t deferr<span class=\"_ _6\"></span>als initiative has ceased, ne<span class=\"_ _6\"></span>wly grant<span class=\"_ _6\"></span>ed payment holidays are </div><div class=\"t m0 hd ff1 fs7 fc3 sc0 ls11 ws2 gs20b\">considered a SICR ev<span class=\"_ _8\"></span>ent. </div><div class=\"t m0 hd ff1 fs7 fc3 sc0 ls11 ws2 gs20c\">Other SICR adjustment<span class=\"_ _6\"></span>s made during the pandemic to account for high risk accounts hav<span class=\"_ _6\"></span>e since been remov<span class=\"_ _6\"></span>ed with SICR adjustmen<span class=\"_ _6\"></span>ts updated </div><div class=\"t m0 hd ff1 fs7 fc3 sc0 ls11 ws2 gs20d\">as the Group identi\ufb01ed incr<span class=\"_ _6\"></span>eases in credit risk as a r<span class=\"_ _6\"></span>esult of the cost of living and cos<span class=\"_ _6\"></span>t of borro<span class=\"_ _6\"></span>wing str<span class=\"_ _6\"></span>esses in the UK, caused by high in\ufb02ation </div><div class=\"t m0 hd ff1 fs7 fc3 sc0 ls11 ws2 gs20e\">and increases in int<span class=\"_ _6\"></span>erest r<span class=\"_ _6\"></span>ates<span class=\"_ _6\"></span>.<span class=\"_ _383\"> </span></div><div class=\"t m0 h2b ff3 fs7 fc2 sc0 ls2 ws2 gs22b\">(i<span class=\"_ _1\"></span>i<span class=\"_ _1\"></span><span class=\"_ _383\">)\u2002IFR</span><span class=\"_ _1\"></span>S 9 cla<span class=\"_ _1\"></span>ssi<span class=\"_ _1\"></span>\ufb01cati<span class=\"_ _1\"></span>on<span class=\"_ _383\"> </span></div><div class=\"t m0 hd ff1 fs7 fc3 sc0 ls11 ws2 gs210\">Application of the \u2018business model\u2019 re<span class=\"_ _6\"></span>quirements under IFR<span class=\"_ _6\"></span>S 9 requires the Gr<span class=\"_ _6\"></span>oup to conclude on the business models that it operat<span class=\"_ _6\"></span>es and is a </div><div class=\"t m0 hd ff1 fs7 fc3 sc0 ls11 ws2 gs211\">fundamental aspect in determining the classi\ufb01cation o<span class=\"_ _6\"></span>f the Group<span class=\"_ _8\"></span>\u2019<span class=\"_ _6\"></span>s \ufb01nancial assets<span class=\"_ _6\"></span>.<span class=\"_ _383\"> </span></div><div class=\"t m0 hd ff1 fs7 fc3 sc0 ls11 ws2 gs212\">Management assess the int<span class=\"_ _6\"></span>ention for holding \ufb01nancial assets and the con<span class=\"_ _6\"></span>tractual terms o<span class=\"_ _6\"></span>f those assets, concluding that the Gr<span class=\"_ _6\"></span>oup<span class=\"_ _6\"></span>\u2019<span class=\"_ _8\"></span>s business </div><div class=\"t m0 hd ff1 fs7 fc3 sc0 ls11 ws91 gs213\">model is a \u2018held to collect\u2019 business model. This conclusion w<span class=\"_ _6\"></span>as reached on the basis that the Gr<span class=\"_ _6\"></span>oup originates and purchases loans and advances </div><div class=\"t m0 hd ff1 fs7 fc3 sc0 ls11 ws2 gs22c\">in order with the in<span class=\"_ _6\"></span>tention to collect contr<span class=\"_ _6\"></span>actual cash \ufb02ow<span class=\"_ _6\"></span>s ov<span class=\"_ _6\"></span>er the life of the originated or pur<span class=\"_ _6\"></span>chased \ufb01nancial instrument.<span class=\"_ _383\"> </span></div><div class=\"t m0 hd ff1 fs7 fc3 sc0 ls11 ws2 gs22d\">The Group considers whether the con<span class=\"_ _6\"></span>tractual terms o<span class=\"_ _6\"></span>f a \ufb01nancial asset give rise on speci\ufb01ed dates to cash \ufb02o<span class=\"_ _8\"></span>ws that are SPPI on the principal </div><div class=\"t m0 hd ff1 fs7 fc3 sc0 ls11 ws2 gs215\">amount outs<span class=\"_ _6\"></span>tanding when applying the classi\ufb01cation criteria of IFRS 9<span class=\"_ _9\"></span>. The majority of the Group<span class=\"_ _8\"></span>\u2019<span class=\"_ _6\"></span>s assets being loans and advances to cus<span class=\"_ _6\"></span>tomers </div><div class=\"t m0 hd ff1 fs7 fc3 sc0 ls11 ws2 gs216\">which have been accounted f<span class=\"_ _6\"></span>or under amortised cost with the exception of one acquir<span class=\"_ _6\"></span>ed mortgage book of \u00a314.<span class=\"_ _6\"></span>6m (2<span class=\"_ _6\"></span>021: \u00a317<span class=\"_ _1f6\"></span>.7<span class=\"_ _8\"></span>m) that is </div><div class=\"t m0 hd ff1 fs7 fc3 sc0 ls11 ws2 gs217\">recognised at FV<span class=\"_ _1\"></span>TPL.<span class=\"_ _383\"> </span></div><div class=\"t m0 hc ff2 fs7 fc3 sc0 lsb4 ws80 gs219\">Estimates<span class=\"_ _383\"> </span></div><div class=\"t m0 hd ff1 fs7 fc3 sc0 ls11 ws2 gs21a\">The Group has made the follo<span class=\"_ _6\"></span>wing estimates in the application o<span class=\"_ _6\"></span>f the accounting policies that have a signi\ufb01can<span class=\"_ _6\"></span>t risk of material adjustmen<span class=\"_ _6\"></span>t to the </div><div class=\"t m0 hd ff1 fs7 fc3 sc0 ls11 ws2 gs21b\">carrying amount of asset<span class=\"_ _6\"></span>s and liabilities within the next \ufb01nancial year:<span class=\"_ _383\"> </span></div><div class=\"t m0 h2b ff3 fs7 fc2 sc0 ls2 ws2 gs22e\">(i<span class=\"_ _1\"></span><span class=\"_ _383\">)\u2002Lo</span><span class=\"_ _1\"></span>an b<span class=\"_ _1\"></span>ook i<span class=\"_ _1\"></span>mpa<span class=\"_ _1\"></span>irm<span class=\"_ _1\"></span>ent<span class=\"_ _1\"></span>s<span class=\"_ _383\"> </span></div><div class=\"t m0 hd ff1 fs7 fc3 sc0 ls11 ws2 gs22f\">Set out below ar<span class=\"_ _6\"></span>e details of the critical accounting es<span class=\"_ _6\"></span>timates which underpin loan impairment calculations<span class=\"_ _6\"></span>. Less signi\ufb01c<span class=\"_ _6\"></span>ant estimates ar<span class=\"_ _6\"></span>e not </div><div class=\"t m0 hd ff1 fs7 fc3 sc0 ls11 ws2 gs230\">discussed as they do not have a mat<span class=\"_ _6\"></span><span class=\"_ _383\">erial effect. The Group has r</span><span class=\"_ _6\"></span>ecognised total impairments o<span class=\"_ _6\"></span>f \u00a3130.<span class=\"_ _6\"></span>0m (2<span class=\"_ _6\"></span>021: \u00a3101.5m) at the reporting date as </div><div class=\"t m0 hd ff1 fs7 fc3 sc0 ls11 ws2 gs21e\">disclosed in note 23<span class=\"_ _6\"></span>.<span class=\"_ _383\"> </span></div><div class=\"t m0 h70 ff10 fs7 fc2 sc0 lsb4 ws80 gs220\">Modelled impairment<span class=\"_ _383\"> </span></div><div class=\"t m0 hd ff1 fs7 fc3 sc0 ls11 ws2 gs221\">Modelled pro<span class=\"_ _6\"></span>vision assessments ar<span class=\"_ _6\"></span>e also subject to estimation uncertainty, underpinned by a number of es<span class=\"_ _6\"></span>timates being made by management </div><div class=\"t m0 hd ff1 fs7 fc3 sc0 ls11 ws2 gs231\">which are utilised within impairment c<span class=\"_ _6\"></span>alculations. K<span class=\"_ _8\"></span>ey areas of estimation within modelled pr<span class=\"_ _6\"></span>ovisioning calculations include those r<span class=\"_ _6\"></span>egarding the </div><div class=\"t m0 hd ff1 fs7 fc3 sc0 ls11 ws2 gs222\">L<span class=\"_ _8\"></span>GD and forward-looking macroeconomic scenarios.<span class=\"_ _383\"> </span></div><div class=\"t m3 hc ff2 fs7 fc2 sc0 ls2 ws2 gs233\"><span class=\"_ _383\">2.\u2002Ju</span><span class=\"_ _1\"></span>dge<span class=\"_ _1\"></span>me<span class=\"_ _1\"></span>nts in ap<span class=\"_ _1\"></span>plyin<span class=\"_ _1\"></span>g acc<span class=\"_ _1\"></span>ounti<span class=\"_ _1\"></span>ng po<span class=\"_ _1\"></span>licie<span class=\"_ _1\"></span>s and c<span class=\"_ _1\"></span>ritica<span class=\"_ _1\"></span>l acc<span class=\"_ _1\"></span>ounti<span class=\"_ _1\"></span>ng es<span class=\"_ _1\"></span>timat<span class=\"_ _1\"></span>es<span class=\"ff5 lsd4 ws46\"> c<span class=\"_ _1\"></span>ontinued<span class=\"_ _383\"> </span></span></div><div class=\"t m3 h70 ff10 fs7 fc2 sc0 ls2 ws2 gs234\">Loss give<span class=\"_ _1\"></span>n defau<span class=\"_ _1\"></span>lt mo<span class=\"_ _1\"></span>de<span class=\"_ _1\"></span>l<span class=\"_ _383\"> </span></div><div class=\"t m3 hd ff1 fs7 fc3 sc0 ls11 ws2 gs235\">The Group has a number of L<span class=\"_ _8\"></span>GD models, which include es<span class=\"_ _6\"></span>timates regar<span class=\"_ _6\"></span>ding propensity to go t<span class=\"_ _6\"></span>o possession given def<span class=\"_ _6\"></span>ault (PPD), for<span class=\"_ _6\"></span>ced sale </div><div class=\"t m3 hd ff1 fs7 fc3 sc0 ls11 ws2 gs236\">discount, time to sale and sale costs<span class=\"_ _8\"></span>. The LGD is sensitiv<span class=\"_ _6\"></span>e to the application of the HPI, with a 10% hair<span class=\"_ _6\"></span>cut seen to be a reasonable per<span class=\"_ _6\"></span>centage </div><div class=\"t m3 hd ff1 fs7 fc3 sc0 ls11 ws2 gs237\">change when re<span class=\"_ _6\"></span>viewing hist<span class=\"_ _6\"></span>orical and expected 12 mon<span class=\"_ _6\"></span>th outcomes. The table belo<span class=\"_ _8\"></span>w shows the resulting incremen<span class=\"_ _6\"></span>tal pro<span class=\"_ _6\"></span>vision require<span class=\"_ _6\"></span>d of an 10% </div><div class=\"t m3 hd ff1 fs7 fc3 sc0 ls11 ws2 gs238\">house price haircut being directly applied to all e<span class=\"_ _6\"></span>xposures which not only adjus<span class=\"_ _6\"></span>t the sale discount but the propensity to go t<span class=\"_ _6\"></span>o PPD<span class=\"_ _8\"></span>.<span class=\"_ _383\"> </span></div><div class=\"t m3 h3a ff2 fs5 fc3 sc0 lse ws2 gs239\">OSB segment<span class=\"_ _21\"> </span>CCFS segment<span class=\"_ _18d\"> </span><span class=\"ws71\">Group<span class=\"_ _383\"> </span></span></div><div class=\"t m3 hc ff2 fs7 fc3 sc0 ls11 ws2 gs23a\">31 Dec<span class=\"_ _1\"></span>ember 2022<span class=\"_ _215\"> </span><span class=\"ls7e ws16\">\u00a328<span class=\"_ _1\"></span>.0m<span class=\"_ _40\"> </span><span class=\"ls80 wsc7\">\u00a3<span class=\"_ _1\"></span>1<span class=\"_ _1\"></span>0<span class=\"_ _1\"></span>.<span class=\"_ _1\"></span>7m<span class=\"_ _6e\"> </span>\u00a3<span class=\"_ _1\"></span>3<span class=\"_ _1\"></span>8<span class=\"_ _2\"></span>.7m<span class=\"_ _383\"> </span></span></span></div><div class=\"t m3 hd ff1 fs7 fc3 sc0 ls11 ws2 gs23b\">31 December 2021<span class=\"_ _1f2\"> </span><span class=\"lse3 wse7\">\u00a322.7m<span class=\"_ _70\"> </span><span class=\"lsf9 ws82\">\u00a38.3m<span class=\"_ _a1\"> </span></span></span><span class=\"ws6e\">\u00a3<span class=\"_ _1\"></span>31.0<span class=\"_ _1\"></span>m<span class=\"_ _383\"> </span></span></div><div class=\"t m3 hd ff1 fs7 fc3 sc0 ls11 ws2 gs23c\">The Group<span class=\"_ _8\"></span>\u2019<span class=\"_ _6\"></span>s forecas<span class=\"_ _6\"></span>ts of HPI mo<span class=\"_ _6\"></span>vement<span class=\"_ _6\"></span>s used in the impairment models are disclose<span class=\"_ _6\"></span>d in the Risk pro\ufb01le performance re<span class=\"_ _8\"></span>view on page 71.<span class=\"_ _383\"> </span></div><div class=\"t m3 h70 ff10 fs7 fc2 sc0 ls2f ws2c gs23d\">Forwar<span class=\"_ _6\"></span>d-look<span class=\"_ _6\"></span>ing macr<span class=\"_ _6\"></span>oeconomic scenarios<span class=\"_ _383\"> </span></div><div class=\"t m3 hd ff1 fs7 fc3 sc0 ls11 ws2 gs23e\">The forwar<span class=\"_ _6\"></span><span class=\"_ _383\">d-looking macroeconomic scenarios affect all model components of the ECL</span><span class=\"_ _6\"></span> thus the calculation remains sensitive t<span class=\"_ _6\"></span>o both the </div><div class=\"t m3 hd ff1 fs7 fc3 sc0 ls11 ws2 gs23f\">scenarios utilised and their associated probability w<span class=\"_ _6\"></span>eightings<span class=\"_ _6\"></span>.<span class=\"_ _383\"> </span></div><div class=\"t m3 hd ff1 fs7 fc3 sc0 ls11 ws2 gs240\">The Company has adopted an approach which utilises f<span class=\"_ _6\"></span>our macroeconomic scenarios. These scenarios are pro<span class=\"_ _8\"></span>vided by an industry leading </div><div class=\"t m3 hd ff1 fs7 fc3 sc0 ls11 ws2 gs241\">economics advisory \ufb01rm, that provide managemen<span class=\"_ _6\"></span>t and the Board with advice on which scenarios to utilise and the probability w<span class=\"_ _6\"></span>eightings to </div><div class=\"t m3 hd ff1 fs7 fc3 sc0 ls11 ws2 gs242\">attach to each scenario. A base c<span class=\"_ _6\"></span>ase forecast is pr<span class=\"_ _6\"></span>ovided, t<span class=\"_ _6\"></span>ogether with a plausible upside scenario. T<span class=\"_ _8\"></span>wo do<span class=\"_ _6\"></span>wnside scenarios are also pro<span class=\"_ _6\"></span>vided </div><div class=\"t m3 hd ff1 fs7 fc3 sc0 ls11 ws2 gs243\">(do<span class=\"_ _6\"></span>wnside and a sev<span class=\"_ _6\"></span>ere do<span class=\"_ _6\"></span>wnside).<span class=\"_ _1f6\"></span>The Group<span class=\"_ _8\"></span>\u2019<span class=\"_ _6\"></span>s macroeconomic scenarios can be found in the Credit Risk section of the Risk pr<span class=\"_ _6\"></span>o\ufb01le performance </div><div class=\"t m3 hd ff1 fs7 fc3 sc0 ls11 ws2 gs244\">ov<span class=\"_ _6\"></span>erview on page 71.<span class=\"_ _383\"> </span></div><div class=\"t m3 hd ff1 fs7 fc3 sc0 ls11 ws2 gs245\">The following t<span class=\"_ _6\"></span>ables detail the ECL scenario sensitivity analysis with each scenario w<span class=\"_ _6\"></span>eighted at 100% probability. The purpose o<span class=\"_ _6\"></span>f using multiple </div><div class=\"t m3 hd ff1 fs7 fc3 sc0 ls11 ws2 gs246\">economic scenarios is to model the non-linear impact of assumptions surrounding macr<span class=\"_ _6\"></span>oeconomic factors and ECL c<span class=\"_ _6\"></span>alculated:<span class=\"_ _383\"> </span></div><div class=\"t m3 h3a ff2 fs5 fc3 sc0 lse ws2 gs247\">As at 31-Dec-22<span class=\"_ _383\"> </span></div><div class=\"t m3 h3a ff2 fs5 fc3 sc0 lse ws2 gs248\">W<span class=\"_ _8\"></span>eighted (se<span class=\"_ _1\"></span>e </div><div class=\"t m3 h3a ff2 fs5 fc3 sc0 lse ws2 gs249\">note 23)<span class=\"_ _383\"> </span></div><div class=\"t m3 h3a ff2 fs5 fc3 sc0 lse ws2 gs24a\">100% Base </div><div class=\"t m3 h3a ff2 fs5 fc3 sc0 lse ws2 gs24b\">case scenario<span class=\"_ _383\"> </span></div><div class=\"t m3 h3a ff2 fs5 fc3 sc0 lse ws2 gs24c\">100% Upside </div><div class=\"t m3 h3a ff2 fs5 fc3 sc0 lse ws71 gs24d\">scenario<span class=\"_ _383\"> </span></div><div class=\"t m3 h3a ff2 fs5 fc3 sc0 lse ws71 gs24e\">100% </div><div class=\"t m3 h3a ff2 fs5 fc3 sc0 lse ws71 gs24f\">Downside </div><div class=\"t m3 h3a ff2 fs5 fc3 sc0 lse ws71 gs250\">scenario<span class=\"_ _383\"> </span></div><div class=\"t m3 h3a ff2 fs5 fc3 sc0 lse ws2 gs251\">100% Sever<span class=\"_ _6\"></span>e </div><div class=\"t m3 h3a ff2 fs5 fc3 sc0 lse ws71 gs252\">downside </div><div class=\"t m3 h3a ff2 fs5 fc3 sc0 lse ws71 gs253\">scenario<span class=\"_ _383\"> </span></div><div class=\"t m3 hd ff1 fs7 fc3 sc0 ls11 ws2 gs254\">T<span class=\"_ _8\"></span>otal loans befor<span class=\"_ _6\"></span>e pro<span class=\"_ _6\"></span>visions, \u00a3m<span class=\"_ _17a\"> </span><span class=\"ff2 lsc3 wsc2\">2<span class=\"_ _1\"></span>3<span class=\"_ _2\"></span>,<span class=\"_ _1\"></span>7<span class=\"_ _1\"></span>2<span class=\"_ _1\"></span>8<span class=\"_ _2\"></span>.1<span class=\"_ _a6\"> </span>2<span class=\"_ _1\"></span>3<span class=\"_ _1\"></span>,<span class=\"_ _2\"></span>72<span class=\"_ _2\"></span>8<span class=\"_ _1\"></span>.1<span class=\"_ _a6\"> </span>2<span class=\"_ _1\"></span>3<span class=\"_ _2\"></span>,<span class=\"_ _1\"></span>7<span class=\"_ _1\"></span>2<span class=\"_ _2\"></span>8<span class=\"_ _1\"></span>.1<span class=\"_ _a6\"> </span>2<span class=\"_ _1\"></span>3<span class=\"_ _2\"></span>,<span class=\"_ _1\"></span>7<span class=\"_ _1\"></span>2<span class=\"_ _1\"></span>8<span class=\"_ _2\"></span>.1<span class=\"_ _a6\"> </span>2<span class=\"_ _1\"></span>3<span class=\"_ _2\"></span>,<span class=\"_ _1\"></span>72<span class=\"_ _2\"></span>8<span class=\"_ _1\"></span>.1<span class=\"_ _383\"> </span></span></div><div class=\"t m3 hd ff1 fs7 fc3 sc0 ls11 ws2 gs255\">Modelled ECL, \u00a3m<span class=\"_ _216\"> </span><span class=\"ff2 ls81 wsdf\">5<span class=\"_ _1\"></span>4.4<span class=\"_ _9c\"> </span><span class=\"lse0 wse0\">41<span class=\"_ _1\"></span>.<span class=\"_ _1\"></span>7<span class=\"_ _93\"> </span><span class=\"ls7d wse2\">32.8<span class=\"_ _55\"> </span><span class=\"lsc6 wsc5\">7<span class=\"_ _1\"></span>9.<span class=\"_ _2\"></span>3<span class=\"_ _a9\"> </span><span class=\"ls7e ws16\">12<span class=\"_ _1\"></span>0.0<span class=\"_ _383\"> </span></span></span></span></span></span></div><div class=\"t m3 hd ff1 fs7 fc3 sc0 ls11 ws2 gs256\">Non-modelled ECL, \u00a3m<span class=\"_ _e7\"> </span><span class=\"ff2 ls7d wse2\">75.6<span class=\"_ _93\"> </span>75.<span class=\"_ _1\"></span>6<span class=\"_ _9d\"> </span>75.6<span class=\"_ _9d\"> </span>75.6<span class=\"_ _9d\"> </span>75.6<span class=\"_ _383\"> </span></span></div><div class=\"t m3 hd ff1 fs7 fc3 sc0 ls11 ws2 gs257\">T<span class=\"_ _8\"></span>otal ECL, \u00a3m<span class=\"_ _217\"> </span><span class=\"ff2 ls7e ws16\">130.0<span class=\"_ _59\"> </span><span class=\"lsc4 wsc3\">1<span class=\"_ _1\"></span>1<span class=\"_ _0\"></span>7.<span class=\"_ _0\"></span>3<span class=\"_ _91\"> </span><span class=\"ls81 wsdf\">1<span class=\"_ _1\"></span>0<span class=\"_ _1\"></span>8<span class=\"_ _1\"></span>.4<span class=\"_ _3e\"> </span><span class=\"lsc5 wsc4\">1<span class=\"_ _1\"></span>5<span class=\"_ _2\"></span>4<span class=\"_ _1\"></span>.9<span class=\"_ _91\"> </span><span class=\"ls11 ws6e\">195<span class=\"_ _1\"></span>.6<span class=\"_ _383\"> </span></span></span></span></span></span></div><div class=\"t m3 hd ff1 fs7 fc3 sc0 ls11 ws2 gs258\">ECL cov<span class=\"_ _6\"></span>erage<span class=\"_ _6\"></span>, %<span class=\"_ _218\"> </span><span class=\"ff2 ws6e\">0.55<span class=\"_ _9d\"> </span><span class=\"ls81 wsdf\">0.4<span class=\"_ _1\"></span>9<span class=\"_ _93\"> </span>0<span class=\"_ _1\"></span>.4<span class=\"_ _1\"></span>6<span class=\"_ _93\"> </span></span>0.6<span class=\"_ _1\"></span>5<span class=\"_ _59\"> </span>0.82<span class=\"_ _383\"> </span></span></div><div class=\"t m3 hd ff1 fs5 fc3 sc0 lse ws2 gs259\">As at 31-Dec-21<span class=\"_ _219\"> </span><span class=\"fs7 ls2\"> <span class=\"_ _11a\"> </span> <span class=\"_ _11a\"> </span> <span class=\"_ _21a\"> </span> <span class=\"_ _21a\"> </span> </span></div><div class=\"t m3 hd ff1 fs7 fc3 sc0 ls11 ws2 gs25a\">T<span class=\"_ _8\"></span>otal loans befor<span class=\"_ _6\"></span>e pro<span class=\"_ _6\"></span>visions, \u00a3m<span class=\"_ _27\"> </span><span class=\"lsed wsf2\">2<span class=\"_ _2\"></span>1<span class=\"_ _1\"></span>,16<span class=\"_ _2\"></span>4.1<span class=\"_ _8e\"> </span>2<span class=\"_ _1\"></span>1<span class=\"_ _1\"></span>,1<span class=\"_ _1\"></span>6<span class=\"_ _1\"></span>4<span class=\"_ _1\"></span>.1<span class=\"_ _69\"> </span>2<span class=\"_ _2\"></span>1<span class=\"_ _1\"></span>,1<span class=\"_ _1\"></span>6<span class=\"_ _1\"></span>4.1<span class=\"_ _8e\"> </span>2<span class=\"_ _1\"></span>1<span class=\"_ _1\"></span>,1<span class=\"_ _1\"></span>6<span class=\"_ _1\"></span>4<span class=\"_ _1\"></span>.1<span class=\"_ _8e\"> </span>2<span class=\"_ _1\"></span>1<span class=\"_ _1\"></span>,1<span class=\"_ _1\"></span>6<span class=\"_ _1\"></span>4<span class=\"_ _1\"></span>.1<span class=\"_ _383\"> </span></span></div><div class=\"t m3 hd ff1 fs7 fc3 sc0 ls11 ws2 gs25b\">Modelled ECL, \u00a3m<span class=\"_ _21b\"> </span><span class=\"ls2c ws29\">48.3<span class=\"_ _55\"> </span><span class=\"ls1e ws43\">26.5<span class=\"_ _1c2\"> </span><span class=\"lsed wsf2\">1<span class=\"_ _1\"></span>3<span class=\"_ _1\"></span>.1<span class=\"_ _4f\"> </span><span class=\"ls88 wse3\">74.<span class=\"_ _1\"></span>0<span class=\"_ _3b\"> </span><span class=\"ls12 wsf\">120.3<span class=\"_ _383\"> </span></span></span></span></span></span></div><div class=\"t m3 hd ff1 fs7 fc3 sc0 ls11 ws2 gs25c\">Non-modelled ECL, \u00a3m<span class=\"_ _ee\"> </span><span class=\"ls2c ws29\">53.2<span class=\"_ _96\"> </span>53.2<span class=\"_ _96\"> </span>53.<span class=\"_ _1\"></span>2<span class=\"_ _96\"> </span>53.2<span class=\"_ _96\"> </span>53.2<span class=\"_ _383\"> </span></span></div><div class=\"t m3 hd ff1 fs7 fc3 sc0 ls11 ws2 gs25d\">T<span class=\"_ _8\"></span>otal ECL, \u00a3m<span class=\"_ _160\"> </span><span class=\"ls6f ws75\">101.5<span class=\"_ _61\"> </span><span class=\"lse3 wse7\">79<span class=\"_ _6\"></span>.7<span class=\"_ _96\"> </span><span class=\"ls7a wsa1\">6<span class=\"_ _1\"></span>6.3<span class=\"_ _59\"> </span><span class=\"lsc8 wsc8\">1<span class=\"_ _1\"></span>2<span class=\"_ _0\"></span>7.<span class=\"_ _3\"> </span>2<span class=\"_ _59\"> </span><span class=\"ls38 ws35\">173<span class=\"_ _1\"></span>.<span class=\"_ _1\"></span>5<span class=\"_ _383\"> </span></span></span></span></span></span></div><div class=\"t m3 hd ff1 fs7 fc3 sc0 ls11 ws2 gs25e\">ECL cov<span class=\"_ _6\"></span>erage<span class=\"_ _6\"></span>, %<span class=\"_ _21c\"> </span><span class=\"lsd7 wsd7\">0<span class=\"_ _1\"></span>.4<span class=\"_ _1\"></span>8<span class=\"_ _55\"> </span><span class=\"ls9f wsbc\">0.38<span class=\"_ _61\"> </span>0.3<span class=\"_ _1\"></span>1<span class=\"_ _9d\"> </span>0.<span class=\"_ _1\"></span>60<span class=\"_ _96\"> </span>0.82<span class=\"_ _383\"> </span></span></span></div><div class=\"t m3 h2b ff3 fs7 fc2 sc0 ls2 ws2 gs25f\">(i<span class=\"_ _1\"></span>i<span class=\"_ _1\"></span><span class=\"_ _383\">)\u2002Effe</span><span class=\"_ _1\"></span>cti<span class=\"_ _1\"></span>ve inte<span class=\"_ _1\"></span>re<span class=\"_ _1\"></span>st ra<span class=\"_ _1\"></span>te on le<span class=\"_ _1\"></span>ndi<span class=\"_ _1\"></span>ng<span class=\"_ _383\"> </span></div><div class=\"t m3 hd ff1 fs7 fc3 sc0 ls11 ws2 gs260\">Estimates ar<span class=\"_ _6\"></span>e made when calculating the EIR for ne<span class=\"_ _6\"></span>wly-originated loan assets<span class=\"_ _6\"></span>. These include the lik<span class=\"_ _8\"></span>ely customer redemption pro<span class=\"_ _6\"></span>\ufb01les. Mortgage </div><div class=\"t m3 hd ff1 fs7 fc3 sc0 ls11 ws2 gs261\">products o<span class=\"_ _6\"></span><span class=\"_ _383\">ffered by the Gr</span><span class=\"_ _6\"></span>oup include directly attributable net f<span class=\"_ _6\"></span>ee income and a period on rev<span class=\"_ _6\"></span>ersion rat<span class=\"_ _6\"></span>es after the \ufb01xed/ discount period. </div><div class=\"t m3 hd ff1 fs7 fc3 sc0 ls11 ws2 gs262\">Products r<span class=\"_ _6\"></span>ev<span class=\"_ _6\"></span>ert to the standard v<span class=\"_ _6\"></span>ariable rate (S<span class=\"_ _8\"></span>VR) or Base rate plus a margin f<span class=\"_ _6\"></span>or the Ken<span class=\"_ _6\"></span>t Reliance brand or a SONIA/Base rate plus a mar<span class=\"_ _6\"></span>gin </div><div class=\"t m3 hd ff1 fs7 fc3 sc0 ls11 ws2 gs263\">for the Precise br<span class=\"_ _6\"></span>and. Subsequent to origination, changes in actual and e<span class=\"_ _6\"></span>xpected customer pr<span class=\"_ _6\"></span>epayment r<span class=\"_ _6\"></span>ates are r<span class=\"_ _6\"></span>e\ufb02ected as increases or </div><div class=\"t m3 hd ff1 fs7 fc3 sc0 ls11 ws2 gs264\">decreases in the carrying value o<span class=\"_ _6\"></span>f loan assets with a corresponding incre<span class=\"_ _6\"></span>ase or decrease in inter<span class=\"_ _6\"></span>est income. The Gr<span class=\"_ _6\"></span>oup uses historical cus<span class=\"_ _6\"></span>tomer </div><div class=\"t m3 hd ff1 fs7 fc3 sc0 ls11 ws2 gs265\">behaviours<span class=\"_ _6\"></span>, expected tak<span class=\"_ _8\"></span>e-up rate of r<span class=\"_ _6\"></span>etention pr<span class=\"_ _6\"></span>oducts and macroeconomic for<span class=\"_ _6\"></span>ecasts in its assessmen<span class=\"_ _6\"></span>t of expected pr<span class=\"_ _6\"></span>epayment r<span class=\"_ _6\"></span>ates. Cus<span class=\"_ _6\"></span>tomer </div><div class=\"t m3 hd ff1 fs7 fc3 sc0 ls11 ws2 gs266\">prepayment<span class=\"_ _6\"></span>s in a \ufb01xed r<span class=\"_ _6\"></span>ate or incentive period can giv<span class=\"_ _8\"></span>e rise to Early Repayment Charge (ERC<span class=\"_ _6\"></span>) income.<span class=\"_ _383\"> </span></div><div class=\"t m3 hd ff1 fs7 fc3 sc0 ls11 ws2 gs267\">Judgement is used in assessing whether and for ho<span class=\"_ _8\"></span>w long mor<span class=\"_ _1\"></span>tgages that reach the end of the initial pr<span class=\"_ _6\"></span>oduct term stay on r<span class=\"_ _6\"></span>ev<span class=\"_ _6\"></span>ersion r<span class=\"_ _6\"></span>ates, and t<span class=\"_ _6\"></span>o </div><div class=\"t m3 hd ff1 fs7 fc3 sc0 ls11 ws2 gs268\">the quantum and timing of pr<span class=\"_ _6\"></span>epayments that incur ERCs<span class=\"_ _6\"></span>. The estimate o<span class=\"_ _6\"></span>f customer w<span class=\"_ _6\"></span>eighted av<span class=\"_ _6\"></span>erage lif<span class=\"_ _6\"></span>e determines the period ov<span class=\"_ _6\"></span>er which net </div><div class=\"t m3 hd ff1 fs7 fc3 sc0 ls11 ws2 gs269\">fee income and expected r<span class=\"_ _6\"></span>ev<span class=\"_ _6\"></span>ersionary income is recognised. Estimat<span class=\"_ _6\"></span>es are re<span class=\"_ _6\"></span>view<span class=\"_ _6\"></span>ed regularly and, as a consequence of the r<span class=\"_ _6\"></span>evie<span class=\"_ _6\"></span>ws<span class=\"_ _6\"></span>, adjustments </div><div class=\"t m3 hd ff1 fs7 fc3 sc0 ls11 ws2 gs26a\">with an adver<span class=\"_ _6\"></span>se impact of \u00a331.6m w<span class=\"_ _8\"></span>ere made in 2022 predominan<span class=\"_ _6\"></span>tly due to reducing the time Precise cus<span class=\"_ _6\"></span>tomers ar<span class=\"_ _6\"></span>e expected to spend on </div><div class=\"t m3 hd ff1 fs7 fc3 sc0 ls11 ws2 gs26b\">re<span class=\"_ _6\"></span>version r<span class=\"_ _6\"></span>ates (2<span class=\"_ _6\"></span>021: \u00a319<span class=\"_ _1f6\"></span>.0m fav<span class=\"_ _6\"></span>ourable<span class=\"_ _6\"></span>), decreasing net int<span class=\"_ _6\"></span>erest income and loans and adv<span class=\"_ _6\"></span>ances to customers<span class=\"_ _8\"></span>.<span class=\"_ _1\"></span> </div><div class=\"t m3 hd ff1 fs7 fc3 sc0 ls11 ws2 gs26c\">There w<span class=\"_ _6\"></span>ere a number of base r<span class=\"_ _6\"></span>ate rises in quick succession in 2022, increasing the sensitivity t<span class=\"_ _6\"></span>o changes in behavioural assumptions because </div><div class=\"t m3 hd ff1 fs7 fc3 sc0 ls11 ws2 gs26d\">higher re<span class=\"_ _6\"></span>version r<span class=\"_ _6\"></span>ates both incr<span class=\"_ _6\"></span>ease the income earned on loans in the re<span class=\"_ _6\"></span>version period and c<span class=\"_ _6\"></span>an lead to higher repayment r<span class=\"_ _8\"></span>ates and therefore less </div><div class=\"t m3 hd ff1 fs7 fc3 sc0 ls11 ws2 gs26e\">time spent on re<span class=\"_ _6\"></span>ver<span class=\"_ _6\"></span>sion.<span class=\"_ _383\"> </span> </div><div class=\"t m0 hd ff1 fs7 fc3 sc0 ls11 ws2 gs270\">A three months<span class=\"_ _1f6\"></span>\u2019 reduction in the weight<span class=\"_ _6\"></span>ed aver<span class=\"_ _6\"></span>age lives of loans in the r<span class=\"_ _6\"></span>ev<span class=\"_ _6\"></span>ersion period w<span class=\"_ _6\"></span>as considered to be a r<span class=\"_ _6\"></span>easonably possible change in </div><div class=\"t m0 hd ff1 fs7 fc3 sc0 ls11 ws2 gs271\">assumption based on observed changes in repaymen<span class=\"_ _6\"></span>t rates in r<span class=\"_ _6\"></span>ev<span class=\"_ _6\"></span>ersion periods o<span class=\"_ _6\"></span>ver the last tw<span class=\"_ _8\"></span>o years and what could happen to repayment </div><div class=\"t m0 hd ff1 fs7 fc3 sc0 ls11 ws2 gs272\">rates in a high in<span class=\"_ _6\"></span>teres<span class=\"_ _6\"></span>t rate en<span class=\"_ _6\"></span>vironment and an uncertain macroeconomic outlook.<span class=\"_ _383\"> </span></div><div class=\"t m0 hd ff1 fs7 fc3 sc0 ls11 ws2 gs273\">The sensitivity has been applied to both the K<span class=\"_ _6\"></span>ent Reliance and the Pr<span class=\"_ _6\"></span>ecise portfolios. In pre<span class=\"_ _6\"></span>vious years the Precise portfolio sensitivity w<span class=\"_ _6\"></span>as split </div><div class=\"t m0 hd ff1 fs7 fc3 sc0 ls11 ws2 gs274\">between loans originated pr<span class=\"_ _6\"></span>e and post the combination with CCFS on 4 Oct<span class=\"_ _6\"></span>ober 2019<span class=\"_ _1f6\"></span>. The combined sensitivity re\ufb02ects ho<span class=\"_ _6\"></span>w the Group no<span class=\"_ _6\"></span>w </div><div class=\"t m0 hd ff1 fs7 fc3 sc0 ls11 ws2 gs275\">assesses customer behaviour in the portfolio<span class=\"_ _6\"></span>. </div><div class=\"t m0 hd ff1 fs7 fc3 sc0 ls11 ws2 gs276\"> Applying a three month r<span class=\"_ _6\"></span>eduction to the expected w<span class=\"_ _8\"></span>eighted aver<span class=\"_ _6\"></span>age life of the loan book in the re<span class=\"_ _6\"></span>ver<span class=\"_ _6\"></span>sion period would r<span class=\"_ _6\"></span>esult in a reset loss of </div><div class=\"t m0 hd ff1 fs7 fc3 sc0 ls11 ws2 gs277\">c. \u00a380<span class=\"_ _8\"></span>.8m in 2023 (2<span class=\"_ _6\"></span>021: c. \u00a345<span class=\"_ _6\"></span>.<span class=\"_ _1f6\"></span>9m on a six month basis in 2022).<span class=\"_ _383\"> </span></div><div class=\"t m0 hc ff2 fs7 fc2 sc0 ls2 ws2 gs278\"><span class=\"_ _383\">3.\u2002Inte</span><span class=\"_ _1\"></span>res<span class=\"_ _1\"></span>t re<span class=\"_ _1\"></span>ce<span class=\"_ _1\"></span>ivabl<span class=\"_ _1\"></span>e and simi<span class=\"_ _1\"></span>lar inc<span class=\"_ _1\"></span>om<span class=\"_ _1\"></span>e<span class=\"_ _383\"> </span></div><div class=\"t m0 h3a ff2 fs5 fc3 sc0 lse ws71 gs279\">2022<span class=\"_ _383\"> </span></div><div class=\"t m0 h3a ff2 fs5 fc3 sc0 lse ws71 gs27a\">\u00a3m<span class=\"_ _383\"> </span></div><div class=\"t m0 h8 ff1 fs5 fc3 sc0 lse ws71 gs27b\">2021<span class=\"_ _383\"> </span></div><div class=\"t m0 h8 ff1 fs5 fc3 sc0 lse ws71 gs27c\">\u00a3m<span class=\"_ _383\"> </span></div><div class=\"t m0 hc ff2 fs7 fc3 sc0 ls11 ws2 gs27d\">At amortised cost:<span class=\"_ _21d\"> </span><span class=\"ls2\"> </span></div><div class=\"t m0 hd ff1 fs7 fc3 sc0 ls11 ws2 gs27e\">On OSB mortgages<span class=\"_ _21e\"> </span><span class=\"ff2 lscd wsce\">591.6<span class=\"_ _3b\"> </span></span><span class=\"ls78 ws109\">5<span class=\"_ _1\"></span>41<span class=\"_ _1\"></span>.<span class=\"_ _2\"></span>3<span class=\"_ _1\"></span> </span></div><div class=\"t m0 hd ff1 fs7 fc3 sc0 ls11 ws2 gs27f\">On CCFS mortgages<span class=\"_ _21f\"> </span><span class=\"ff2 lse0 wse0\">411<span class=\"_ _1\"></span>.<span class=\"_ _1\"></span>2<span class=\"_ _18d\"> </span></span><span class=\"ls2\">342.<span class=\"_ _8\"></span>9 </span></div><div class=\"t m0 hd ff1 fs7 fc3 sc0 ls11 ws2 gs280\">On \ufb01nance leases<span class=\"_ _220\"> </span><span class=\"ff2 lsc6 wsc5\">9.4<span class=\"_ _8b\"> </span></span><span class=\"ls7a wsa1\">6.<span class=\"_ _1\"></span>3 </span></div><div class=\"t m0 hd ff1 fs7 fc3 sc0 ls11 ws2 gs281\">On inv<span class=\"_ _6\"></span>estment securities<span class=\"_ _221\"> </span><span class=\"ff2 ws6e\">4.7<span class=\"_ _ca\"> </span></span><span class=\"lsed wsf2\">2<span class=\"_ _2\"></span>.1<span class=\"_ _383\"> </span></span></div><div class=\"t m0 hd ff1 fs7 fc3 sc0 ls11 ws2 gs282\">On other liquid assets<span class=\"_ _222\"> </span><span class=\"ff2 lsc6 wsc5\">3<span class=\"_ _1\"></span>9.<span class=\"_ _2\"></span>3<span class=\"_ _90\"> </span></span><span class=\"ls2\">2.7 </span></div><div class=\"t m0 hd ff1 fs7 fc3 sc0 ls11 ws2 gs283\">Amortisation of fair value adjustmen<span class=\"_ _6\"></span>ts on CCFS loan book at Combination<span class=\"_ _c0\"> </span><span class=\"ff2 lsa wse4\">(61.<span class=\"_ _1\"></span>5<span class=\"_ _1\"></span>)<span class=\"_ _3b\"> </span></span><span class=\"lsed wsf2\">(6<span class=\"_ _1\"></span>6<span class=\"_ _1\"></span>.1<span class=\"_ _2\"></span>)<span class=\"_ _383\"> </span></span></div><div class=\"t m0 hd ff1 fs7 fc3 sc0 ls11 ws2 gs284\">Amortisation of fair value adjustmen<span class=\"_ _6\"></span>ts on hedged assets</div><div class=\"t m0 h1f ff1 fsf fc3 sc0 ls2 ws2 gs285\">1<span class=\"_ _383\"> </span></div><div class=\"t m0 hd ff2 fs7 fc3 sc0 lsc3 wsc2 gs286\">(3<span class=\"_ _2\"></span>4<span class=\"_ _1\"></span>.1<span class=\"_ _1\"></span>)<span class=\"_ _18d\"> </span><span class=\"ff1 lsf8 wsfd\">(<span class=\"_ _2\"></span>3<span class=\"_ _2\"></span>9.<span class=\"_ _1\"></span>9<span class=\"_ _1\"></span>)<span class=\"_ _383\"> </span></span></div><div class=\"t m0 hd ff2 fs7 fc3 sc0 ls11 ws6e gs287\">960.6<span class=\"_ _3d\"> </span><span class=\"ff1 lsf8 wsfd\">7<span class=\"_ _1\"></span>8<span class=\"_ _0\"></span>9.<span class=\"_ _2\"></span>3<span class=\"_ _2\"></span> </span></div><div class=\"t m0 hc ff2 fs7 fc3 sc0 ls11 ws2 gs288\">At FVTPL:<span class=\"_ _187\"> </span><span class=\"ls2\"> </span></div><div class=\"t m0 hd ff1 fs7 fc3 sc0 ls11 ws2 gs289\">Net income/(e<span class=\"_ _6\"></span>xpense) on derivativ<span class=\"_ _6\"></span>e \ufb01nancial instrumen<span class=\"_ _6\"></span>ts \u2013 lending activities<span class=\"_ _13a\"> </span><span class=\"ff2 ls2\">106.6<span class=\"_ _5c\"> </span></span><span class=\"ls86 wsf1\">(<span class=\"_ _2\"></span>4<span class=\"_ _1\"></span>2<span class=\"_ _1\"></span>.9<span class=\"_ _1\"></span>)<span class=\"_ _383\"> </span></span></div><div class=\"t m0 hc ff2 fs7 fc3 sc0 ls11 ws2 gs28a\">At FV<span class=\"_ _8\"></span>O<span class=\"_ _1\"></span>CI:<span class=\"_ _223\"> </span><span class=\"ls2\"> </span></div><div class=\"t m0 hd ff1 fs7 fc3 sc0 ls11 ws2 gs28b\">On inv<span class=\"_ _6\"></span>estment securities<span class=\"_ _1cf\"> </span><span class=\"ff2 lsc3 wsc2\">2<span class=\"_ _2\"></span>.1<span class=\"_ _8b\"> </span></span><span class=\"lsd7 wsd7\">0<span class=\"_ _1\"></span>.4</span></div><div class=\"t m0 hd ff1 fs7 fc3 sc0 ls2 ws2 gs28c\"> <span class=\"_ _224\"> </span><span class=\"ff2 lsc6 wsc5\">1<span class=\"_ _1\"></span>,<span class=\"_ _2\"></span>0<span class=\"_ _2\"></span>6<span class=\"_ _1\"></span>9.<span class=\"_ _2\"></span>3<span class=\"_ _3e\"> </span></span><span class=\"ls7a wsa1\">746.8<span class=\"_ _383\"> </span></span></div><div class=\"t m0 h8 ff1 fs5 fc3 sc0 ls2 ws2 gs28d\">1. <span class=\"_ _41\"> </span>Th<span class=\"_ _1\"></span>e am<span class=\"_ _1\"></span>or<span class=\"_ _1\"></span>ti<span class=\"_ _1\"></span>sa<span class=\"_ _1\"></span>tio<span class=\"_ _1\"></span>n re<span class=\"_ _1\"></span>la<span class=\"_ _1\"></span>tes t<span class=\"_ _1\"></span>o he<span class=\"_ _1\"></span>dg<span class=\"_ _1\"></span>e<span class=\"_ _1\"></span>d as<span class=\"_ _1\"></span>se<span class=\"_ _1\"></span>ts w<span class=\"_ _1\"></span>he<span class=\"_ _1\"></span>re th<span class=\"_ _1\"></span>e he<span class=\"_ _1\"></span>d<span class=\"_ _1\"></span>ge<span class=\"_ _1\"></span>s we<span class=\"_ _1\"></span>re te<span class=\"_ _1\"></span>rm<span class=\"_ _1\"></span>ina<span class=\"_ _1\"></span>te<span class=\"_ _1\"></span>d be<span class=\"_ _1\"></span>fo<span class=\"_ _1\"></span>re ma<span class=\"_ _1\"></span>tur<span class=\"_ _1\"></span>ity an<span class=\"_ _1\"></span>d we<span class=\"_ _1\"></span>re e<span class=\"_ _1\"></span><span class=\"_ _383\">ffe</span><span class=\"_ _1\"></span>cti<span class=\"_ _1\"></span>ve at t<span class=\"_ _1\"></span>he p<span class=\"_ _1\"></span>oi<span class=\"_ _1\"></span>nt of te<span class=\"_ _1\"></span>rm<span class=\"_ _1\"></span>in<span class=\"_ _1\"></span>ati<span class=\"_ _1\"></span>on<span class=\"_ _383\"> </span>.<span class=\"_ _383\"> </span></div><div class=\"t m0 hc ff2 fs7 fc2 sc0 ls2 ws2 gs28e\"><span class=\"_ _383\">4.\u2002Inter</span><span class=\"_ _1\"></span>est p<span class=\"_ _1\"></span>ayab<span class=\"_ _1\"></span>le an<span class=\"_ _1\"></span>d simil<span class=\"_ _1\"></span>ar char<span class=\"_ _1\"></span>ge<span class=\"_ _1\"></span>s<span class=\"_ _383\"> </span></div><div class=\"t m0 h3a ff2 fs5 fc3 sc0 lse ws71 gs28f\">2022<span class=\"_ _383\"> </span></div><div class=\"t m0 h3a ff2 fs5 fc3 sc0 lse ws71 gs290\">\u00a3m<span class=\"_ _383\"> </span></div><div class=\"t m0 h8 ff1 fs5 fc3 sc0 lse ws71 gs291\">2021<span class=\"_ _383\"> </span></div><div class=\"t m0 h8 ff1 fs5 fc3 sc0 lse ws71 gs292\">\u00a3m<span class=\"_ _383\"> </span></div><div class=\"t m0 hc ff2 fs7 fc3 sc0 ls11 ws2 gs293\">At amortised cost:<span class=\"_ _21d\"> </span><span class=\"ls2\"> </span></div><div class=\"t m0 hd ff1 fs7 fc3 sc0 ls11 ws2 gs294\">On retail deposits<span class=\"_ _225\"> </span><span class=\"ff2 lsc4 wsc3\">2<span class=\"_ _2\"></span>5<span class=\"_ _0\"></span>7.<span class=\"_ _0\"></span>7<span class=\"_ _5c\"> </span></span><span class=\"ls9f wsbc\">15<span class=\"_ _1\"></span>6.7<span class=\"_ _383\"> </span></span></div><div class=\"t m0 hd ff1 fs7 fc3 sc0 ls11 ws2 gs295\">On BoE borrowings<span class=\"_ _226\"> </span><span class=\"ff2 ws6e\">64.8<span class=\"_ _e5\"> </span></span><span class=\"ls88 wse3\">4.5<span class=\"_ _383\"> </span></span></div><div class=\"t m0 hd ff1 fs7 fc3 sc0 ls11 ws2 gs296\">On PSBs<span class=\"_ _227\"> </span><span class=\"ff2 ws6e\">0.7<span class=\"_ _52\"> </span></span><span class=\"ls9f wsbc\">1.<span class=\"_ _1\"></span>2<span class=\"_ _383\"> </span></span></div><div class=\"t m0 hd ff1 fs7 fc3 sc0 ls11 ws2 gs297\">On subordinated liabilities<span class=\"_ _228\"> </span><span class=\"ff2 lsc3 wsc2\">1<span class=\"_ _1\"></span>.1<span class=\"_ _15e\"> </span></span><span class=\"ls9f wsbc\">0.<span class=\"_ _1\"></span>8<span class=\"_ _383\"> </span></span></div><div class=\"t m0 hd ff1 fs7 fc3 sc0 ls11 ws2 gs298\">On wholesale borro<span class=\"_ _6\"></span>wings<span class=\"_ _229\"> </span><span class=\"ff2 lsc5 wsc4\">3<span class=\"_ _1\"></span>.9<span class=\"_ _15e\"> </span></span><span class=\"ls9f wsbc\">0.<span class=\"_ _1\"></span>8<span class=\"_ _383\"> </span></span></div><div class=\"t m0 hd ff1 fs7 fc3 sc0 ls11 ws2 gs299\">On debt securities in issue<span class=\"_ _22a\"> </span><span class=\"ff2 lsc4 wsc3\">7.<span class=\"_ _2\"></span>7<span class=\"_ _52\"> </span></span><span class=\"ls86 wsf1\">3<span class=\"_ _1\"></span>.9<span class=\"_ _383\"> </span></span></div><div class=\"t m0 hd ff1 fs7 fc3 sc0 ls11 ws2 gs29a\">On lease liabilities<span class=\"_ _22b\"> </span><span class=\"ff2 ws6e\">0.2<span class=\"_ _15e\"> </span></span><span class=\"ls9f wsbc\">0.3<span class=\"_ _383\"> </span></span></div><div class=\"t m0 hd ff1 fs7 fc3 sc0 ls11 ws2 gs29b\">Amortisation of fair value adjustmen<span class=\"_ _6\"></span>ts on CCFS cus<span class=\"_ _6\"></span>tomer deposits at Combination<span class=\"_ _20c\"> </span><span class=\"ff2 lscb wscb\">(1.0)<span class=\"_ _4f\"> </span></span><span class=\"ls7e ws16\">(1<span class=\"_ _1\"></span>.5)<span class=\"_ _383\"> </span></span></div><div class=\"t m0 hd ff1 fs7 fc3 sc0 ls11 ws2 gs29c\">Amortisation of fair value adjustmen<span class=\"_ _6\"></span>ts on hedged liabilities<span class=\"_ _383\"> </span></div><div class=\"t m0 h1f ff1 fsf fc3 sc0 ls2 ws2 gs29d\">1<span class=\"_ _383\"> </span></div><div class=\"t m0 hd ff2 fs7 fc3 sc0 ls88 wse3 gs29e\">(0.<span class=\"_ _1\"></span>8)<span class=\"_ _b2\"> </span><span class=\"ff1 lsed wsf2\">(<span class=\"_ _1\"></span>1<span class=\"_ _1\"></span>.1<span class=\"_ _1\"></span>)<span class=\"_ _383\"> </span></span></div><div class=\"t m0 hd ff2 fs7 fc3 sc0 ls73 ws7a gs29f\">334.3<span class=\"_ _3d\"> </span><span class=\"ff1 ls7a wsa1\">165.6<span class=\"_ _383\"> </span></span></div><div class=\"t m0 hc ff2 fs7 fc3 sc0 ls11 ws2 gs2a0\">At FVTPL:<span class=\"_ _187\"> </span><span class=\"ls2\"> </span></div><div class=\"t m0 hd ff1 fs7 fc3 sc0 ls11 ws2 gs2a1\">Net expense/(income<span class=\"_ _6\"></span>) on derivative \ufb01nancial ins<span class=\"_ _6\"></span>truments \u2013 savings activities<span class=\"_ _22c\"> </span><span class=\"ff2 lsc3 wsc2\">2<span class=\"_ _1\"></span>5<span class=\"_ _1\"></span>.1<span class=\"_ _1c2\"> </span></span><span class=\"lsd7 wsd7\">(6<span class=\"_ _1\"></span>.4<span class=\"_ _1\"></span>)</span></div><div class=\"t m0 hd ff1 fs7 fc3 sc0 ls2 ws2 gs2a2\"> <span class=\"_ _22d\"> </span><span class=\"ff2 lsc6 wsc5\">3<span class=\"_ _2\"></span>5<span class=\"_ _1\"></span>9.<span class=\"_ _1\"></span>4<span class=\"_ _5c\"> </span></span><span class=\"lsf8 wsfd\">1<span class=\"_ _2\"></span>5<span class=\"_ _2\"></span>9.<span class=\"_ _2\"></span>2<span class=\"_ _383\"> </span></span></div><div class=\"t m0 h8 ff1 fs5 fc3 sc0 ls2 ws2 gs2a3\">1. <span class=\"_ _41\"> </span>Th<span class=\"_ _1\"></span>e am<span class=\"_ _1\"></span>or<span class=\"_ _1\"></span>ti<span class=\"_ _1\"></span>sa<span class=\"_ _1\"></span>tio<span class=\"_ _1\"></span>n re<span class=\"_ _1\"></span>la<span class=\"_ _1\"></span>tes t<span class=\"_ _1\"></span>o he<span class=\"_ _1\"></span>dg<span class=\"_ _1\"></span>e<span class=\"_ _1\"></span>d lia<span class=\"_ _1\"></span>bil<span class=\"_ _1\"></span>iti<span class=\"_ _1\"></span>es w<span class=\"_ _1\"></span>he<span class=\"_ _1\"></span>re t<span class=\"_ _1\"></span>he h<span class=\"_ _1\"></span>ed<span class=\"_ _1\"></span>ge<span class=\"_ _1\"></span>s we<span class=\"_ _1\"></span>re te<span class=\"_ _1\"></span>rm<span class=\"_ _1\"></span>in<span class=\"_ _1\"></span>ate<span class=\"_ _1\"></span>d be<span class=\"_ _1\"></span>fo<span class=\"_ _1\"></span>re m<span class=\"_ _1\"></span>atur<span class=\"_ _1\"></span>ity a<span class=\"_ _1\"></span>nd we<span class=\"_ _1\"></span>re e<span class=\"_ _1\"></span><span class=\"_ _383\">ffe</span><span class=\"_ _1\"></span>ct<span class=\"_ _1\"></span>ive a<span class=\"_ _1\"></span>t the p<span class=\"_ _1\"></span>o<span class=\"_ _1\"></span>int of t<span class=\"_ _1\"></span>er<span class=\"_ _1\"></span>min<span class=\"_ _1\"></span>ati<span class=\"_ _1\"></span>on<span class=\"_ _1\"></span>.<span class=\"_ _383\"> </span></div><span class=\"_ _383\">5.\u2002Fair value gains on \ufb01nancial instrum</span><span class=\"_ _1\"></span>ents<span class=\"_ _383\"> </span>2022<span class=\"_ _383\"> </span>\u00a3m<span class=\"_ _383\"> </span>2021<span class=\"_ _383\"> </span>\u00a3m<span class=\"_ _383\"> </span>Fair value changes in hedged assets<span class=\"_ _22e\"> </span><span class=\"ff2 lsa wse4\">(62<span class=\"_ _1\"></span>0<span class=\"_ _1\"></span>.<span class=\"_ _1\"></span>6<span class=\"_ _1\"></span>)<span class=\"_ _7d\"> </span></span><span class=\"lsc8 wsc8\">(<span class=\"_ _2\"></span>2<span class=\"_ _3\"> </span>9<span class=\"_ _2\"></span>7.<span class=\"_ _0\"></span>8<span class=\"_ _0\"></span>)<span class=\"_ _383\"> </span></span>Hedging of assets<span class=\"_ _225\"> </span><span class=\"ff2 lsc5 wsc4\">62<span class=\"_ _1\"></span>1<span class=\"_ _2\"></span>.9<span class=\"_ _3e\"> </span></span><span class=\"ls86 wsf1\">2<span class=\"_ _1\"></span>9<span class=\"_ _2\"></span>8<span class=\"_ _1\"></span>.9<span class=\"_ _2\"></span> </span>Fair value changes in hedged liabilities<span class=\"_ _22f\"> </span><span class=\"ff2 ls7e ws16\">33<span class=\"_ _1\"></span>.0<span class=\"_ _d0\"> </span></span><span class=\"lsc8 wsc8\">2<span class=\"_ _2\"></span>7.<span class=\"_ _2\"></span>4<span class=\"_ _383\"> </span></span>Hedging of liabilities<span class=\"_ _230\"> </span><span class=\"ff2 lsa wse4\">(<span class=\"_ _1\"></span>4<span class=\"_ _1\"></span>2<span class=\"_ _1\"></span>.4)<span class=\"_ _3b\"> </span></span><span class=\"lsed wsf2\">(2<span class=\"_ _1\"></span>6<span class=\"_ _1\"></span>.1<span class=\"_ _1\"></span>)<span class=\"_ _383\"> </span></span><span class=\"_ _383\">Ineffectiv</span><span class=\"_ _6\"></span>e portion of hedges<span class=\"_ _60\"> </span><span class=\"ff2 lsc3 wsc2\">(<span class=\"_ _1\"></span>8<span class=\"_ _2\"></span>.1<span class=\"_ _1\"></span>)<span class=\"_ _1b4\"> </span></span><span class=\"lsd7 wsd7\">2<span class=\"_ _2\"></span>.4<span class=\"_ _383\"> </span></span>Net gains on unmatched sw<span class=\"_ _6\"></span>aps <span class=\"_ _231\"> </span><span class=\"ff2 lsc4 wsc3\">5<span class=\"_ _2\"></span>7.<span class=\"_ _2\"></span>1<span class=\"_ _37\"> </span></span><span class=\"ls9f wsbc\">10.3<span class=\"_ _383\"> </span></span>Amortisation of inception adjustments<span class=\"_ _383\"> </span>1<span class=\"_ _383\"> </span>1.2<span class=\"_ _15e\"> </span><span class=\"ff1 ls11 ws6e\">3.0<span class=\"_ _383\"> </span></span>Amortisation of acquisition-related inception adjustmen<span class=\"_ _6\"></span>ts<span class=\"_ _383\"> </span>2<span class=\"_ _383\"> </span>10.2<span class=\"_ _37\"> </span><span class=\"ff1 lsd7 wsd7\">1<span class=\"_ _2\"></span>3<span class=\"_ _1\"></span>.4<span class=\"_ _383\"> </span></span>Amortisation of de-designated hedge relationships<span class=\"_ _383\"> </span>3<span class=\"_ _383\"> </span>(0<span class=\"_ _2\"></span>.1<span class=\"_ _1\"></span>)<span class=\"_ _d0\"> </span><span class=\"ff1 ls9f wsbc\">0.2<span class=\"_ _383\"> </span></span>Fair value mo<span class=\"_ _6\"></span>vements on mortgages at FVTPL<span class=\"_ _2b\"> </span><span class=\"ff2 lsc5 wsc4\">(<span class=\"_ _1\"></span>0<span class=\"_ _1\"></span>.9<span class=\"_ _1\"></span>)<span class=\"_ _1c2\"> </span></span><span class=\"ls9f wsbc\">1.2<span class=\"_ _383\"> </span></span>Debit and credit valuation adjus<span class=\"_ _6\"></span>tment<span class=\"_ _232\"> </span><span class=\"ff2 ls88 wse3\">(0.5<span class=\"_ _1\"></span>)<span class=\"_ _9c\"> </span></span><span class=\"ls7f wse1\">(1.0)</span> <span class=\"_ _233\"> </span><span class=\"ff2 ls1f ws1c\">58.<span class=\"_ _8\"></span>9<span class=\"_ _4f\"> </span><span class=\"ff1 lsf8 wsfd\">2<span class=\"_ _2\"></span>9.<span class=\"_ _2\"></span>5<span class=\"_ _383\"> </span></span></span>1.<span class=\"_ _6\"></span> <span class=\"_ _41\"> </span> <span class=\"_ _7\"></span>The amo<span class=\"_ _6\"></span>rtisation<span class=\"_ _6\"></span> of incep<span class=\"_ _6\"></span>tion ad<span class=\"_ _6\"></span>justment<span class=\"_ _6\"></span> relates<span class=\"_ _6\"></span> to t<span class=\"_ _6\"></span>he amortisat<span class=\"_ _6\"></span>ion o<span class=\"_ _6\"></span>f the<span class=\"_ _6\"></span> hedging ad<span class=\"_ _6\"></span>justments<span class=\"_ _6\"></span> arising<span class=\"_ _6\"></span> when hedge<span class=\"_ _6\"></span> accountin<span class=\"_ _6\"></span>g commences,<span class=\"_ _6\"></span> primaril<span class=\"_ _6\"></span>y on der<span class=\"_ _6\"></span>ivativ<span class=\"_ _6\"></span>e ins<span class=\"_ _1\"></span>tr<span class=\"_ _1\"></span>ume<span class=\"_ _1\"></span>nt<span class=\"_ _1\"></span>s pr<span class=\"_ _1\"></span>ev<span class=\"_ _1\"></span>iou<span class=\"_ _1\"></span>sl<span class=\"_ _1\"></span>y take<span class=\"_ _1\"></span>n ou<span class=\"_ _1\"></span>t ag<span class=\"_ _1\"></span>ain<span class=\"_ _1\"></span>st t<span class=\"_ _1\"></span>he m<span class=\"_ _1\"></span>or<span class=\"_ _1\"></span>tg<span class=\"_ _1\"></span>ag<span class=\"_ _1\"></span>e pi<span class=\"_ _1\"></span>pe<span class=\"_ _1\"></span>lin<span class=\"_ _1\"></span>e an<span class=\"_ _1\"></span>d al<span class=\"_ _1\"></span>so o<span class=\"_ _1\"></span>n de<span class=\"_ _1\"></span>ri<span class=\"_ _1\"></span>vati<span class=\"_ _1\"></span>ve i<span class=\"_ _1\"></span>ns<span class=\"_ _1\"></span>tru<span class=\"_ _1\"></span>me<span class=\"_ _1\"></span>nts p<span class=\"_ _1\"></span>re<span class=\"_ _1\"></span>vi<span class=\"_ _1\"></span>ou<span class=\"_ _1\"></span>sl<span class=\"_ _1\"></span>y taken o<span class=\"_ _1\"></span>ut a<span class=\"_ _1\"></span>ga<span class=\"_ _1\"></span>ins<span class=\"_ _1\"></span>t n<span class=\"_ _1\"></span>ew re<span class=\"_ _1\"></span>tai<span class=\"_ _1\"></span>l de<span class=\"_ _1\"></span>po<span class=\"_ _1\"></span>si<span class=\"_ _1\"></span>ts<span class=\"_ _1\"></span>.<span class=\"_ _383\"> </span>2. <span class=\"_ _34\"> </span> <span class=\"_ _7\"></span>Rel<span class=\"_ _1\"></span>ate<span class=\"_ _1\"></span>s to h<span class=\"_ _1\"></span>ed<span class=\"_ _1\"></span>ge a<span class=\"_ _1\"></span>cc<span class=\"_ _1\"></span>ou<span class=\"_ _1\"></span>nti<span class=\"_ _1\"></span>ng a<span class=\"_ _1\"></span>ss<span class=\"_ _1\"></span>et<span class=\"_ _1\"></span>s an<span class=\"_ _1\"></span>d lia<span class=\"_ _1\"></span>bil<span class=\"_ _1\"></span>iti<span class=\"_ _1\"></span>es r<span class=\"_ _1\"></span>ec<span class=\"_ _1\"></span>o<span class=\"_ _1\"></span>gni<span class=\"_ _1\"></span>se<span class=\"_ _1\"></span>d on t<span class=\"_ _1\"></span>he C<span class=\"_ _1\"></span>om<span class=\"_ _1\"></span>bi<span class=\"_ _1\"></span>nat<span class=\"_ _1\"></span>ion<span class=\"_ _1\"></span>. Th<span class=\"_ _1\"></span>e in<span class=\"_ _1\"></span>ce<span class=\"_ _1\"></span>pti<span class=\"_ _1\"></span>on a<span class=\"_ _1\"></span>dju<span class=\"_ _1\"></span>st<span class=\"_ _1\"></span>me<span class=\"_ _1\"></span>nt<span class=\"_ _1\"></span>s are b<span class=\"_ _1\"></span>ei<span class=\"_ _1\"></span>ng a<span class=\"_ _1\"></span>mo<span class=\"_ _1\"></span>r<span class=\"_ _1\"></span>tis<span class=\"_ _1\"></span>e<span class=\"_ _1\"></span>d ove<span class=\"_ _1\"></span>r the l<span class=\"_ _1\"></span>ife o<span class=\"_ _1\"></span>f the d<span class=\"_ _1\"></span>e<span class=\"_ _1\"></span>riv<span class=\"_ _1\"></span>ati<span class=\"_ _1\"></span>ve instruments acqu<span class=\"_ _1\"></span>ired on Combination subs<span class=\"_ _1\"></span>equently design<span class=\"_ _1\"></span>ated in hedging relation<span class=\"_ _1\"></span>ships.<span class=\"_ _383\"> </span>3. <span class=\"_ _34\"> </span>Re<span class=\"_ _1\"></span>la<span class=\"_ _1\"></span>te<span class=\"_ _1\"></span>s to th<span class=\"_ _1\"></span>e am<span class=\"_ _1\"></span>or<span class=\"_ _1\"></span>ti<span class=\"_ _1\"></span>sat<span class=\"_ _1\"></span>io<span class=\"_ _1\"></span>n of he<span class=\"_ _1\"></span>d<span class=\"_ _1\"></span>ge<span class=\"_ _1\"></span>d ite<span class=\"_ _1\"></span>ms w<span class=\"_ _1\"></span>he<span class=\"_ _1\"></span>re h<span class=\"_ _1\"></span>e<span class=\"_ _1\"></span>dg<span class=\"_ _1\"></span>e ac<span class=\"_ _1\"></span>co<span class=\"_ _1\"></span>unt<span class=\"_ _1\"></span>ing h<span class=\"_ _1\"></span>as b<span class=\"_ _1\"></span>e<span class=\"_ _1\"></span>en d<span class=\"_ _1\"></span>is<span class=\"_ _1\"></span>co<span class=\"_ _1\"></span>ntin<span class=\"_ _1\"></span>ue<span class=\"_ _1\"></span>d du<span class=\"_ _1\"></span>e to in<span class=\"_ _1\"></span><span class=\"_ _383\">eff</span><span class=\"_ _1\"></span>ec<span class=\"_ _1\"></span>ti<span class=\"_ _1\"></span>ve<span class=\"_ _1\"></span>ne<span class=\"_ _1\"></span>ss<span class=\"_ _383\"> </span><span class=\"_ _1\"></span>.<span class=\"_ _383\"> </span><span class=\"_ _383\">6.\u2002Gai</span><span class=\"_ _1\"></span>n on sal<span class=\"_ _1\"></span>es of \ufb01<span class=\"_ _1\"></span>nanc<span class=\"_ _1\"></span>ial ins<span class=\"_ _1\"></span>trum<span class=\"_ _1\"></span>ents<span class=\"_ _383\"> </span>There w<span class=\"_ _6\"></span>ere no sales of \ufb01nancial ins<span class=\"_ _6\"></span>truments during the year ended 31 December 2022.<span class=\"_ _383\"> </span>On 10 February 2021, the Group sold the Pr<span class=\"_ _6\"></span>ecise Mortgage Funding 2019-<span class=\"_ _6\"></span>1B plc A2 notes for \u00a328<span class=\"_ _8\"></span>7<span class=\"_ _1f6\"></span>.0m, generating a gain on sale o<span class=\"_ _6\"></span>f \u00a34<span class=\"_ _6\"></span>.<span class=\"_ _6\"></span>0m. Excluding the impact o<span class=\"_ _6\"></span>f the fair value adjustmen<span class=\"_ _6\"></span>t on Combination of \u00a31.7<span class=\"_ _8\"></span>m, the underlying gain on sale was \u00a32.3m<span class=\"_ _383\"> </span>.<span class=\"_ _383\"> </span>7<span class=\"_ _1f6\"></span><span class=\"_ _383\">.\u2002O</span><span class=\"_ _1\"></span>the<span class=\"_ _1\"></span>r op<span class=\"_ _1\"></span>erat<span class=\"_ _1\"></span>ing inc<span class=\"_ _1\"></span>om<span class=\"_ _1\"></span>e<span class=\"_ _383\"> </span>2022<span class=\"_ _383\"> </span>\u00a3m<span class=\"_ _383\"> </span>2021<span class=\"_ _383\"> </span>\u00a3m<span class=\"_ _383\"> </span>Inter<span class=\"_ _6\"></span>est receive<span class=\"_ _6\"></span>d on mortgages held at FV<span class=\"_ _1\"></span>TPL<span class=\"_ _62\"> </span><span class=\"ff2 ws6e\">0.6<span class=\"_ _53\"> </span></span><span class=\"ls9f wsbc\">0.5<span class=\"_ _383\"> </span></span>Fees and commissions receivable<span class=\"_ _1c9\"> </span><span class=\"ff2 ls7e ws16\">6.0<span class=\"_ _ca\"> </span></span><span class=\"lsc8 wsc8\">7.<span class=\"_ _1\"></span>4<span class=\"_ _0\"></span> </span> <span class=\"_ _234\"> </span><span class=\"ff2\">6.6<span class=\"_ _ca\"> </span></span><span class=\"lsc8 wsc8\">7.<span class=\"_ _1\"></span>9<span class=\"_ _383\"> </span></span><span class=\"_ _383\">8.\u2002Administrative expens</span><span class=\"_ _1\"></span>es<span class=\"_ _383\"> </span>2022<span class=\"_ _383\"> </span>\u00a3m<span class=\"_ _383\"> </span>2021<span class=\"_ _383\"> </span>\u00a3m<span class=\"_ _383\"> </span><span class=\"_ _383\">Staff cost</span><span class=\"_ _6\"></span>s<span class=\"_ _235\"> </span><span class=\"ff2 lsc6 wsc5\">1<span class=\"_ _1\"></span>0<span class=\"_ _2\"></span>9.<span class=\"_ _2\"></span>3<span class=\"_ _4f\"> </span></span><span class=\"ls2\">92.5 </span>Facilities costs<span class=\"_ _236\"> </span><span class=\"ff2 ls81 wsdf\">6.4<span class=\"_ _e5\"> </span></span><span class=\"ws6e\">6.0 </span>Mark<span class=\"_ _6\"></span>eting costs<span class=\"_ _237\"> </span><span class=\"ff2 ws6e\">4.5<span class=\"_ _15e\"> </span></span><span class=\"ls88 wse3\">4.0<span class=\"_ _1\"></span> </span>Support costs<span class=\"_ _184\"> </span><span class=\"ff2 ls14 ws11\">31.2<span class=\"_ _55\"> </span><span class=\"ff1\">25.3 </span></span>Prof<span class=\"_ _6\"></span>essional fees<span class=\"_ _22b\"> </span><span class=\"ff2 ws6e\">30.2<span class=\"_ _1b4\"> </span></span><span class=\"ls86 wsf1\">1<span class=\"_ _1\"></span>6<span class=\"_ _1\"></span>.9<span class=\"_ _2\"></span> </span>Other costs<span class=\"_ _238\"> </span><span class=\"ff2 ls7e ws16\">12.<span class=\"_ _1\"></span>8<span class=\"_ _90\"> </span></span><span class=\"lsc8 wsc8\">7.<span class=\"_ _3\"> </span>3<span class=\"_ _2\"></span> </span>Depreciation (see note 29)<span class=\"_ _239\"> </span><span class=\"ff2 ls7d wse2\">5.2<span class=\"_ _53\"> </span></span><span class=\"ws6e\">5<span class=\"_ _1\"></span>.0 </span>Amortisation (see note 30)<span class=\"_ _239\"> </span><span class=\"ff2 ls1f ws1c\">8.2<span class=\"_ _8b\"> </span></span><span class=\"lsf8 wsfd\">9.<span class=\"_ _2\"></span>5<span class=\"_ _2\"></span> </span> <span class=\"_ _22d\"> </span><span class=\"ff2 lsc4 wsc3\">2<span class=\"_ _2\"></span>0<span class=\"_ _0\"></span>7.<span class=\"_ _0\"></span>8<span class=\"_ _5c\"> </span></span><span class=\"lscc wscd\">166.5<span class=\"_ _383\"> </span></span>Included in prof<span class=\"_ _6\"></span>essional fees are amount<span class=\"_ _6\"></span>s paid to the Company\u2019<span class=\"_ _1f6\"></span>s auditor as follows:<span class=\"_ _383\"> </span>2022<span class=\"_ _383\"> </span>\u00a3\u2019000<span class=\"_ _383\"> </span>2021<span class=\"_ _383\"> </span>\u00a3\u2019000<span class=\"_ _383\"> </span>Fees payable to the Company\u2019<span class=\"_ _8\"></span>s auditor for the audit of the Company<span class=\"_ _6\"></span>\u2019<span class=\"_ _8\"></span>s annual accounts<span class=\"_ _23a\"> </span><span class=\"ff2 lsd3 ws86\">75<span class=\"_ _ce\"> </span></span><span class=\"ls2\">68 </span>Fees payable to the Company\u2019<span class=\"_ _8\"></span>s auditor for the audit of the account<span class=\"_ _6\"></span>s of subsidiaries<span class=\"_ _1c1\"> </span><span class=\"ff2 lsf9 ws82\">3,340<span class=\"_ _50\"> </span></span><span class=\"ls2\">2,330 </span>T<span class=\"_ _8\"></span>otal audit fees<span class=\"_ _220\"> </span><span class=\"ff2 lse0 wse0\">3<span class=\"_ _2\"></span>,415<span class=\"_ _91\"> </span></span><span class=\"ls2\">2,398 </span>Audit-relate<span class=\"_ _6\"></span>d assurance services<span class=\"_ _383\"> </span>1<span class=\"_ _383\"> </span>254<span class=\"_ _37\"> </span><span class=\"ff1 ls14 ws11\">25<span class=\"_ _1\"></span>8 </span>Other assurance services<span class=\"_ _383\"> </span>2<span class=\"_ _383\"> </span>259<span class=\"_ _5f\"> </span><span class=\"ff1 ls12 wsf\">12<span class=\"_ _1\"></span>1 </span>Other non-audit services<span class=\"_ _383\"> </span>3<span class=\"_ _383\"> </span>33<span class=\"_ _d0\"> </span><span class=\"ff1 lscd wsce\">240<span class=\"_ _1\"></span> </span>T<span class=\"_ _8\"></span>otal non-audit fees<span class=\"_ _23b\"> </span><span class=\"ff2 lsd4 ws46\">546<span class=\"_ _53\"> </span></span><span class=\"lsa wse4\">61<span class=\"_ _1\"></span>9<span class=\"_ _1\"></span> </span>T<span class=\"_ _8\"></span>otal fees payable to the C<span class=\"_ _1\"></span>ompany\u2019<span class=\"_ _8\"></span>s auditor<span class=\"_ _23c\"> </span><span class=\"ls89 wscc\">3<span class=\"_ _1\"></span>,9<span class=\"_ _1\"></span>61<span class=\"_ _5c\"> </span><span class=\"ff1 ls38 ws35\">3,0<span class=\"_ _1\"></span>17<span class=\"_ _383\"> </span></span></span>. <span class=\"_ _41\"> </span>In<span class=\"_ _1\"></span>cl<span class=\"_ _1\"></span>ud<span class=\"_ _1\"></span>es r<span class=\"_ _1\"></span>evi<span class=\"_ _1\"></span>ew o<span class=\"_ _1\"></span>f inte<span class=\"_ _1\"></span>ri<span class=\"_ _1\"></span>m \ufb01na<span class=\"_ _1\"></span>nc<span class=\"_ _1\"></span>ia<span class=\"_ _1\"></span>l info<span class=\"_ _1\"></span>rm<span class=\"_ _1\"></span>ati<span class=\"_ _1\"></span>on a<span class=\"_ _1\"></span>nd p<span class=\"_ _1\"></span>ro\ufb01<span class=\"_ _1\"></span>t ver<span class=\"_ _1\"></span>i\ufb01<span class=\"_ _1\"></span>cat<span class=\"_ _1\"></span>io<span class=\"_ _1\"></span>ns.<span class=\"_ _383\"> </span>2. <span class=\"_ _34\"> </span> <span class=\"_ _7\"></span>Cos<span class=\"_ _1\"></span>t<span class=\"_ _1\"></span>s co<span class=\"_ _1\"></span>mpr<span class=\"_ _1\"></span>is<span class=\"_ _1\"></span>e as<span class=\"_ _1\"></span>su<span class=\"_ _1\"></span>ran<span class=\"_ _1\"></span>c<span class=\"_ _1\"></span>e rev<span class=\"_ _1\"></span>ie<span class=\"_ _1\"></span>ws of A<span class=\"_ _1\"></span>lte<span class=\"_ _1\"></span>rn<span class=\"_ _1\"></span>ati<span class=\"_ _1\"></span>ve P<span class=\"_ _1\"></span>er<span class=\"_ _1\"></span>fo<span class=\"_ _1\"></span>rm<span class=\"_ _1\"></span>an<span class=\"_ _1\"></span>ce M<span class=\"_ _1\"></span>e<span class=\"_ _1\"></span>asu<span class=\"_ _1\"></span>re<span class=\"_ _1\"></span>s (AP<span class=\"_ _1\"></span>Ms), Env<span class=\"_ _1\"></span>iro<span class=\"_ _1\"></span>nm<span class=\"_ _1\"></span>ent<span class=\"_ _1\"></span>al, s<span class=\"_ _1\"></span>oc<span class=\"_ _1\"></span>ia<span class=\"_ _1\"></span>l and g<span class=\"_ _1\"></span>ove<span class=\"_ _1\"></span>rn<span class=\"_ _1\"></span>an<span class=\"_ _1\"></span>ce (<span class=\"_ _1\"></span>ESG) an<span class=\"_ _1\"></span>d Eur<span class=\"_ _1\"></span>op<span class=\"_ _1\"></span>e<span class=\"_ _1\"></span>an Si<span class=\"_ _1\"></span>ng<span class=\"_ _1\"></span>le E<span class=\"_ _1\"></span>le<span class=\"_ _1\"></span>ctr<span class=\"_ _1\"></span>on<span class=\"_ _1\"></span>ic Fo<span class=\"_ _1\"></span>rm<span class=\"_ _1\"></span>at (ES<span class=\"_ _1\"></span>EF<span class=\"_ _1\"></span>) ta<span class=\"_ _1\"></span>gg<span class=\"_ _1\"></span>in<span class=\"_ _1\"></span>g (2021: a<span class=\"_ _1\"></span>ss<span class=\"_ _1\"></span>ura<span class=\"_ _1\"></span>nc<span class=\"_ _1\"></span>e rev<span class=\"_ _1\"></span>i<span class=\"_ _1\"></span>ews o<span class=\"_ _1\"></span>f APM<span class=\"_ _1\"></span>s, i<span class=\"_ _1\"></span>nte<span class=\"_ _1\"></span>gr<span class=\"_ _1\"></span>ati<span class=\"_ _1\"></span>on c<span class=\"_ _1\"></span>os<span class=\"_ _1\"></span>ts a<span class=\"_ _1\"></span>nd ES<span class=\"_ _1\"></span>EF ta<span class=\"_ _1\"></span>gg<span class=\"_ _1\"></span>in<span class=\"_ _1\"></span>g). 3. <span class=\"_ _34\"> </span> <span class=\"_ _7\"></span>Co<span class=\"_ _1\"></span>st<span class=\"_ _1\"></span>s pr<span class=\"_ _1\"></span>ima<span class=\"_ _1\"></span>ril<span class=\"_ _1\"></span>y co<span class=\"_ _1\"></span>mp<span class=\"_ _1\"></span>ri<span class=\"_ _1\"></span>se wo<span class=\"_ _1\"></span>rk r<span class=\"_ _1\"></span>el<span class=\"_ _1\"></span>ate<span class=\"_ _1\"></span>d to th<span class=\"_ _1\"></span>e Eu<span class=\"_ _1\"></span>rop<span class=\"_ _1\"></span>e<span class=\"_ _1\"></span>an M<span class=\"_ _1\"></span>ed<span class=\"_ _1\"></span>ium Term n<span class=\"_ _1\"></span>ote (<span class=\"_ _1\"></span>EM<span class=\"_ _1\"></span>TN<span class=\"_ _1\"></span>) pr<span class=\"_ _1\"></span>og<span class=\"_ _1\"></span>ram<span class=\"_ _1\"></span>me (20<span class=\"_ _1\"></span>21: wo<span class=\"_ _1\"></span>rk re<span class=\"_ _1\"></span>la<span class=\"_ _1\"></span>te<span class=\"_ _1\"></span>d to th<span class=\"_ _1\"></span>e AT1 sec<span class=\"_ _1\"></span>ur<span class=\"_ _1\"></span>iti<span class=\"_ _1\"></span>es i<span class=\"_ _1\"></span>ss<span class=\"_ _1\"></span>uan<span class=\"_ _1\"></span>c<span class=\"_ _1\"></span>e, a ga<span class=\"_ _1\"></span>p ana<span class=\"_ _1\"></span>ly<span class=\"_ _1\"></span>si<span class=\"_ _1\"></span>s in rel<span class=\"_ _1\"></span>at<span class=\"_ _1\"></span>ion t<span class=\"_ _1\"></span>o TCFD a<span class=\"_ _1\"></span>nd th<span class=\"_ _1\"></span>e EM<span class=\"_ _1\"></span>TN p<span class=\"_ _1\"></span>ro<span class=\"_ _1\"></span>gra<span class=\"_ _1\"></span>mm<span class=\"_ _1\"></span>e).<span class=\"_ _383\"> </span><span class=\"_ _383\">Staff cost</span><span class=\"_ _6\"></span>s comprise the following: 2022<span class=\"_ _383\"> </span>\u00a3m<span class=\"_ _383\"> </span>2021<span class=\"_ _383\"> </span>\u00a3m<span class=\"_ _383\"> </span>Salaries, incentiv<span class=\"_ _8\"></span>e pay and other bene\ufb01ts<span class=\"_ _23d\"> </span><span class=\"ff2 lsc4 wsc3\">8<span class=\"_ _2\"></span>7.<span class=\"_ _0\"> </span>3<span class=\"_ _37\"> </span></span><span class=\"ls2\">72.<span class=\"_ _8\"></span>9 </span>Share-based payment<span class=\"_ _6\"></span>s<span class=\"_ _222\"> </span><span class=\"ff2 lsc3 wsc2\">8<span class=\"_ _2\"></span>.1<span class=\"_ _5f\"> </span></span><span class=\"lse3 wse7\">6.7 </span>Social security costs<span class=\"_ _23e\"> </span><span class=\"ff2 lsc6 wsc5\">9.<span class=\"_ _1\"></span>5<span class=\"_ _23f\"> </span></span><span class=\"lsc8 wsc8\">7.<span class=\"_ _2\"></span>7<span class=\"_ _0\"> </span> </span>Other pension costs<span class=\"_ _240\"> </span><span class=\"ff2 ls81 wsdf\">4.4<span class=\"_ _e5\"> </span></span><span class=\"ls7a wsa1\">5.2 </span> <span class=\"_ _241\"> </span><span class=\"ff2 lsc6 wsc5\">1<span class=\"_ _1\"></span>0<span class=\"_ _2\"></span>9.<span class=\"_ _2\"></span>3<span class=\"_ _4f\"> </span></span><span class=\"ls14 ws11\">92.5<span class=\"_ _383\"> </span></span>The aver<span class=\"_ _6\"></span>age number of people employed by the Group (including Ex<span class=\"_ _6\"></span>ecutive Director<span class=\"_ _6\"></span>s) during the year is analysed belo<span class=\"_ _6\"></span>w<span class=\"_ _6\"></span>. <span class=\"_ _61\"> </span><span class=\"ff2 lse ws71\">2022<span class=\"_ _1b4\"> </span><span class=\"ff1\">2021<span class=\"_ _383\"> </span></span></span>UK<span class=\"_ _242\"> </span><span class=\"ff2 lse3 wse7\">1,27<span class=\"_ _1\"></span>4<span class=\"_ _18d\"> </span></span><span class=\"ls9f wsbc\">1,<span class=\"_ _1\"></span>220<span class=\"_ _383\"> </span></span>India<span class=\"_ _243\"> </span><span class=\"ff2 ls12 wsf\">622<span class=\"_ _1b4\"> </span></span><span class=\"ls1f ws1c\">535</span> <span class=\"_ _241\"> </span><span class=\"ff2 ls79 wse8\">1,896<span class=\"_ _3b\"> </span></span><span class=\"ls9f wsbc\">1,755<span class=\"_ _383\"> </span></span>9<span class=\"_ _8\"></span><span class=\"_ _383\">.\u2002Im</span><span class=\"_ _1\"></span>pairm<span class=\"_ _1\"></span>ent o<span class=\"_ _1\"></span>f intangib<span class=\"_ _1\"></span>le as<span class=\"_ _1\"></span>se<span class=\"_ _1\"></span>ts<span class=\"_ _383\"> </span>Assets arising on the Combination with CCFS in 2019 include<span class=\"_ _6\"></span>d a brok<span class=\"_ _8\"></span>er relationships intangible asset with a fair v<span class=\"_ _6\"></span>alue of \u00a317<span class=\"_ _1f6\"></span>.<span class=\"_ _6\"></span>1m on Combination. During 2020 an impairmen<span class=\"_ _6\"></span>t of \u00a37<span class=\"_ _9\"></span>.0m w<span class=\"_ _6\"></span>as recognised arising from changes to CCF<span class=\"_ _6\"></span>S anticipated lending v<span class=\"_ _6\"></span>olumes ov<span class=\"_ _6\"></span>er three years pos<span class=\"_ _6\"></span>t combination, which are a k<span class=\"_ _8\"></span>ey input to the calculation of the fair value<span class=\"_ _6\"></span>, and which wer<span class=\"_ _6\"></span>e revised due t<span class=\"_ _6\"></span>o CO<span class=\"_ _6\"></span>VID-19 impacts<span class=\"_ _8\"></span>. During 2021 an impairment assessment w<span class=\"_ _6\"></span>as performed and as actual lending v<span class=\"_ _6\"></span>olumes wer<span class=\"_ _6\"></span>e higher than anticipated the Group has r<span class=\"_ _6\"></span>ecognised an impairment re<span class=\"_ _6\"></span>versal o<span class=\"_ _6\"></span>f \u00a33.<span class=\"_ _8\"></span>1m. The remaining carrying value of the br<span class=\"_ _6\"></span>ok<span class=\"_ _6\"></span>er relationships in<span class=\"_ _6\"></span>tangible asset at 31 December 2022 is \u00a32.<span class=\"_ _6\"></span>0m (2021: \u00a35<span class=\"_ _8\"></span>.0m)<span class=\"_ _383\"> </span>.<span class=\"_ _383\"> </span>10.<span class=\"_ _6\"></span><span class=\"_ _383\">\u2002Directo</span><span class=\"_ _6\"></span>rs\u2019 emolu<span class=\"_ _6\"></span>ments a<span class=\"_ _6\"></span>nd trans<span class=\"_ _6\"></span>actions<span class=\"_ _383\"> </span>2022<span class=\"_ _383\"> </span>\u00a3\u2019000<span class=\"_ _383\"> </span>2021<span class=\"_ _383\"> </span>\u00a3\u2019000<span class=\"_ _383\"> </span>Short-term employee bene\ufb01ts<span class=\"_ _383\"> </span>1<span class=\"_ _383\"> </span>3,<span class=\"_ _1\"></span>213<span class=\"_ _a9\"> </span><span class=\"ff1 ls2 ws2\">2,825 </span>Post-employment bene<span class=\"_ _6\"></span>\ufb01ts<span class=\"_ _244\"> </span><span class=\"ff2 lse3 wse7\">109<span class=\"_ _1c2\"> </span></span><span class=\"ls6f ws75\">106 </span>Share-based payment<span class=\"_ _6\"></span>s<span class=\"_ _383\"> </span>2<span class=\"_ _383\"> </span>2,<span class=\"_ _1\"></span>291<span class=\"_ _e8\"> </span><span class=\"ff1 ls78 ws109\">1<span class=\"_ _1\"></span>,<span class=\"_ _2\"></span>267</span> <span class=\"_ _241\"> </span><span class=\"ff2\">5,6<span class=\"_ _6\"></span>13<span class=\"_ _3b\"> </span><span class=\"ff1 ls89 wscc\">4<span class=\"_ _1\"></span>,1<span class=\"_ _1\"></span>9<span class=\"_ _1\"></span>8<span class=\"_ _1\"></span> </span></span>1.<span class=\"_ _6\"></span> <span class=\"_ _41\"> </span> <span class=\"_ _7\"></span>Short<span class=\"_ _6\"></span>-t<span class=\"_ _6\"></span>erm employee<span class=\"_ _6\"></span> bene\ufb01ts com<span class=\"_ _6\"></span>prise Dir<span class=\"_ _6\"></span>ectors\u2019<span class=\"_ _6\"></span> salary costs<span class=\"_ _6\"></span>, Non-Ex<span class=\"_ _6\"></span>ecutive<span class=\"_ _6\"></span> Directors\u2019<span class=\"_ _6\"></span> fees and<span class=\"_ _6\"></span> other<span class=\"_ _6\"></span> short<span class=\"_ _6\"></span>-t<span class=\"_ _6\"></span>erm incen<span class=\"_ _6\"></span>tive<span class=\"_ _6\"></span> bene\ufb01ts, whi<span class=\"_ _6\"></span>ch are<span class=\"_ _6\"></span> disclosed i<span class=\"_ _6\"></span>n the<span class=\"_ _6\"></span> Annual<span class=\"_ _6\"></span> Report on R<span class=\"_ _6\"></span>emunerati<span class=\"_ _6\"></span>on. 2. <span class=\"_ _34\"> </span>Sh<span class=\"_ _1\"></span>ar<span class=\"_ _1\"></span>e-<span class=\"_ _1\"></span>ba<span class=\"_ _1\"></span>se<span class=\"_ _1\"></span>d p<span class=\"_ _1\"></span>aym<span class=\"_ _1\"></span>en<span class=\"_ _1\"></span>ts r<span class=\"_ _1\"></span>ep<span class=\"_ _1\"></span>re<span class=\"_ _1\"></span>se<span class=\"_ _1\"></span>nt th<span class=\"_ _1\"></span>e am<span class=\"_ _1\"></span>ou<span class=\"_ _1\"></span>nts r<span class=\"_ _1\"></span>ec<span class=\"_ _1\"></span>ei<span class=\"_ _1\"></span>ve<span class=\"_ _1\"></span>d by D<span class=\"_ _1\"></span>ir<span class=\"_ _1\"></span>ec<span class=\"_ _1\"></span>to<span class=\"_ _1\"></span>rs fo<span class=\"_ _1\"></span>r s<span class=\"_ _1\"></span>ch<span class=\"_ _1\"></span>em<span class=\"_ _1\"></span>es t<span class=\"_ _1\"></span>hat v<span class=\"_ _1\"></span>es<span class=\"_ _1\"></span>te<span class=\"_ _1\"></span>d dur<span class=\"_ _1\"></span>in<span class=\"_ _1\"></span>g the y<span class=\"_ _1\"></span>e<span class=\"_ _1\"></span>ar. In addition to the total Dir<span class=\"_ _6\"></span>ectors<span class=\"_ _8\"></span>\u2019 emoluments abo<span class=\"_ _6\"></span>ve<span class=\"_ _6\"></span>, the Executive Dir<span class=\"_ _6\"></span>ectors w<span class=\"_ _6\"></span>ere gr<span class=\"_ _6\"></span>anted def<span class=\"_ _6\"></span>erred bonuses of \u00a3<span class=\"_ _6\"></span>642k (2<span class=\"_ _6\"></span>021: \u00a3633k) in the form of shares<span class=\"_ _6\"></span>. DSBP aw<span class=\"_ _8\"></span>ards grante<span class=\"_ _6\"></span>d from April 2021 hav<span class=\"_ _6\"></span>e a holding period of three to se<span class=\"_ _8\"></span>ven years with no further conditions attached other than standar<span class=\"_ _6\"></span>d clawback situations. In Mar<span class=\"_ _6\"></span>ch 202<span class=\"_ _6\"></span>0 and prior years<span class=\"_ _6\"></span>, the DSBP aw<span class=\"_ _6\"></span>ards w<span class=\"_ _6\"></span>ere subject to either a thr<span class=\"_ _6\"></span>ee or \ufb01ve year ves<span class=\"_ _6\"></span>ting period with conditions attached, notably if the Director le<span class=\"_ _6\"></span>aves prior to v<span class=\"_ _6\"></span>esting, the aw<span class=\"_ _6\"></span>ard is f<span class=\"_ _6\"></span>orfeited unless a good leaver r<span class=\"_ _6\"></span>eason applies such as redundancy, retir<span class=\"_ _6\"></span>ement or ill-health.<span class=\"_ _383\"> </span>The Executive Dir<span class=\"_ _6\"></span>ectors r<span class=\"_ _6\"></span>eceived a further share awar<span class=\"_ _8\"></span>d under the Per<span class=\"_ _1\"></span>formance Share Plan (PSP) with a gr<span class=\"_ _6\"></span>ant date fair v<span class=\"_ _6\"></span>alue of \u00a31,5<span class=\"_ _6\"></span>16k <span class=\"ls2\"> </span>(2021: \u00a31,<span class=\"_ _1f6\"></span>458k) using a share price of \u00a35<span class=\"_ _6\"></span>.58 (<span class=\"_ _6\"></span>2021: \u00a34<span class=\"_ _8\"></span>.<span class=\"_ _8\"></span>94) (the mid-mark<span class=\"_ _6\"></span>et quotation on the day pr<span class=\"_ _6\"></span>eceding the date of gran<span class=\"_ _6\"></span>t). These shares <span class=\"ls2\"> </span>ves<span class=\"_ _6\"></span>t annually from year three in tr<span class=\"_ _6\"></span>anches of 20 per cen<span class=\"_ _6\"></span>t, subject to performance conditions discussed in note 11 and the Annual Report <span class=\"ls2\"> </span>on Remuneration. The Director<span class=\"_ _6\"></span>s of the Company are employed and compensated by OneSavings Bank plc<span class=\"_ _6\"></span>. No compensation was paid for loss o<span class=\"_ _6\"></span><span class=\"_ _383\">f office during 2022 and 2021.<span class=\"_ _383\"> </span></span>There w<span class=\"_ _6\"></span>ere no outs<span class=\"_ _6\"></span>tanding loans gran<span class=\"_ _6\"></span>ted in the ordinary cour<span class=\"_ _6\"></span>se of business to Director<span class=\"_ _6\"></span>s and their connected persons as at 31 December 2022 <span class=\"ls2\"> </span>and 2021.<span class=\"_ _383\"> </span>The Annual Report on Remuneration and not<span class=\"_ _6\"></span>e 11 Share-based payments pr<span class=\"_ _6\"></span>ovide further details on Direct<span class=\"_ _6\"></span>ors<span class=\"_ _8\"></span>\u2019 emoluments<span class=\"_ _6\"></span>.<span class=\"_ _383\"> </span><div class=\"t m3 hc ff2 fs7 fc2 sc0 ls2 ws2 gs306\"><span class=\"_ _383\">11.\u2002Share</span><span class=\"_ _1\"></span>-b<span class=\"_ _1\"></span>as<span class=\"_ _1\"></span>ed p<span class=\"_ _1\"></span>ayme<span class=\"_ _1\"></span>nts<span class=\"_ _383\"> </span></div><div class=\"t m3 hd ff1 fs7 fc3 sc0 ls11 ws2 gs307\">The Group oper<span class=\"_ _6\"></span>ates the follo<span class=\"_ _6\"></span>wing share-based schemes:<span class=\"_ _383\"> </span></div><div class=\"t m3 hc ff2 fs7 fc3 sc0 ls2d ws2a gs308\">Sharesave Scheme<span class=\"_ _383\"> </span></div><div class=\"t m3 hd ff1 fs7 fc3 sc0 ls11 ws2 gs309\">The Save As Y<span class=\"_ _1f6\"></span>ou Earn (SA<span class=\"_ _8\"></span>YE) or Sharesave Scheme is a share option scheme which is av<span class=\"_ _6\"></span>ailable to all UK<span class=\"_ _6\"></span>-based employees. The Sharesav<span class=\"_ _8\"></span>e S<span class=\"_ _1\"></span>cheme </div><div class=\"t m3 hd ff1 fs7 fc3 sc0 ls11 ws2 gs30a\">allows employees to pur<span class=\"_ _6\"></span>chase options by saving a \ufb01xed amoun<span class=\"_ _6\"></span>t of betw<span class=\"_ _6\"></span>een \u00a310 and \u00a3500 per month over a period o<span class=\"_ _6\"></span>f three years at the end </div><div class=\"t m3 hd ff1 fs7 fc3 sc0 ls11 ws2 gs30b\">of which the options<span class=\"_ _6\"></span>, subject to leaver pr<span class=\"_ _6\"></span>ovisions<span class=\"_ _6\"></span>, are usually e<span class=\"_ _6\"></span>xercisable<span class=\"_ _6\"></span>. If not ex<span class=\"_ _6\"></span>ercised, the amount sav<span class=\"_ _6\"></span>ed is returne<span class=\"_ _6\"></span>d to the employee. The </div><div class=\"t m3 hd ff1 fs7 fc3 sc0 ls11 ws2 gs30c\">Sharesav<span class=\"_ _6\"></span>e Scheme has been in operation since 2014 and an invit<span class=\"_ _6\"></span>ation to join the scheme is usually extended annually, with the option price </div><div class=\"t m3 hd ff1 fs7 fc3 sc0 ls11 ws2 gs30d\">calculated using the mid-mark<span class=\"_ _8\"></span>et price of an OSBG ordinary shar<span class=\"_ _6\"></span>e ov<span class=\"_ _6\"></span>er the three dealing days prior to the In<span class=\"_ _6\"></span>vitation Date and applying a discount </div><div class=\"t m3 hd ff1 fs7 fc3 sc0 ls11 ws2 gs30e\">of 20%.<span class=\"_ _383\"> </span></div><div class=\"t m3 hc ff2 fs7 fc3 sc0 ls2 ws2 gs30f\">Def<span class=\"_ _1\"></span>err<span class=\"_ _1\"></span>ed S<span class=\"_ _1\"></span>hare B<span class=\"_ _1\"></span>onu<span class=\"_ _1\"></span>s Plan </div><div class=\"t m3 hd ff1 fs7 fc3 sc0 ls11 ws2 gs310\">The DSBP applies to Ex<span class=\"_ _6\"></span>ecutive Direct<span class=\"_ _6\"></span>ors and certain senior managers with 50% of their performance bonuses to be def<span class=\"_ _6\"></span>erred in shares f<span class=\"_ _6\"></span>or three </div><div class=\"t m3 hd ff1 fs7 fc3 sc0 ls11 ws2 gs311\">to sev<span class=\"_ _6\"></span>en years f<span class=\"_ _6\"></span>or Executive Dir<span class=\"_ _6\"></span>ectors and one year for senior manager<span class=\"_ _6\"></span>s. Ther<span class=\"_ _6\"></span>e are no further performance or vesting conditions attache<span class=\"_ _6\"></span>d to </div><div class=\"t m3 hd ff1 fs7 fc3 sc0 ls11 ws2 gs312\">deferr<span class=\"_ _6\"></span>ed awar<span class=\"_ _6\"></span>ds for senior managers<span class=\"_ _8\"></span>, which also applies to Executive Director<span class=\"_ _6\"></span>s for aw<span class=\"_ _6\"></span>ards gr<span class=\"_ _6\"></span>anted fr<span class=\"_ _6\"></span>om April 2021; the share a<span class=\"_ _6\"></span>war<span class=\"_ _6\"></span>ds are subject </div><div class=\"t m3 hd ff1 fs7 fc3 sc0 ls11 ws2 gs313\">to clawback pro<span class=\"_ _6\"></span>visions. The D<span class=\"_ _6\"></span>SBP awar<span class=\"_ _8\"></span>ds are expensed in the year services are received with a corresponding incr<span class=\"_ _6\"></span>ease in equity. Aw<span class=\"_ _8\"></span>ards grante<span class=\"_ _6\"></span>d </div><div class=\"t m3 hd ff1 fs7 fc3 sc0 ls11 ws2 gs314\">to Executiv<span class=\"_ _6\"></span>e Directors in Mar<span class=\"_ _6\"></span>ch 202<span class=\"_ _6\"></span>0 and prior<span class=\"_ _8\"></span>, are subject to ves<span class=\"_ _6\"></span>ting conditions and are expensed o<span class=\"_ _6\"></span>ver the v<span class=\"_ _6\"></span>esting period. </div><div class=\"t m3 hd ff1 fs7 fc3 sc0 ls11 ws2 gs315\">DSBP aw<span class=\"_ _6\"></span>ards f<span class=\"_ _6\"></span>or senior managers carry entitlemen<span class=\"_ _6\"></span>ts to dividend equivalen<span class=\"_ _6\"></span>ts, which ar<span class=\"_ _6\"></span>e paid when the awar<span class=\"_ _6\"></span>ds ves<span class=\"_ _6\"></span>t. DSBP aw<span class=\"_ _6\"></span>ards gr<span class=\"_ _6\"></span>anted fr<span class=\"_ _6\"></span>om </div><div class=\"t m3 hd ff1 fs7 fc3 sc0 ls11 ws2 gs316\">April 2021 to Ex<span class=\"_ _6\"></span>ecutive Director<span class=\"_ _6\"></span>s are en<span class=\"_ _6\"></span>titled to dividend equivalent<span class=\"_ _6\"></span>s; awar<span class=\"_ _6\"></span>ds gran<span class=\"_ _6\"></span>ted in prior years w<span class=\"_ _6\"></span>ere not en<span class=\"_ _6\"></span>titled to dividend equivalen<span class=\"_ _6\"></span>ts. </div><div class=\"t m3 hc ff2 fs7 fc3 sc0 ls2d ws2a gs317\">Performance Share Plan<span class=\"_ _6\"></span> </div><div class=\"t m3 hd ff1 fs7 fc3 sc0 ls11 ws2 gs318\">Executive Dir<span class=\"_ _6\"></span>ectors and certain senior managers ar<span class=\"_ _6\"></span>e also eligible for a PSP awar<span class=\"_ _8\"></span>d based on per<span class=\"_ _1\"></span>formance conditions which ves<span class=\"_ _6\"></span>t in tranches o<span class=\"_ _6\"></span>ver </div><div class=\"t m3 hd ff1 fs7 fc3 sc0 ls11 ws2 gs319\">three to se<span class=\"_ _6\"></span>ven years<span class=\"_ _8\"></span>.<span class=\"_ _1\"></span> </div><div class=\"t m3 hd ff1 fs7 fc3 sc0 ls11 ws2 gs31a\">The performance conditions that apply to PSP awar<span class=\"_ _6\"></span>ds from 2<span class=\"_ _6\"></span>020 are based on a combination of e<span class=\"_ _6\"></span>arnings per share (EPS) weigh<span class=\"_ _6\"></span>ting of 35%, </div><div class=\"t m3 hd ff1 fs7 fc3 sc0 ls11 ws2 gs31b\">total shareholder r<span class=\"_ _6\"></span>eturn (<span class=\"_ _1\"></span>TSR) 35%, risk<span class=\"_ _8\"></span>-based 15% and return on equity (ROE) 15%. Prior to 202<span class=\"_ _6\"></span>0, PSP a<span class=\"_ _6\"></span>war<span class=\"_ _6\"></span>ds wer<span class=\"_ _6\"></span>e based on a combination of </div><div class=\"t m3 hd ff1 fs7 fc3 sc0 ls11 ws2 gs31c\">EPS weigh<span class=\"_ _6\"></span>ting of 40%, TSR 40% and ROE 2<span class=\"_ _6\"></span>0%. The PSP conditions are assessed independently. The EPS elemen<span class=\"_ _6\"></span>t assesses the compound annual </div><div class=\"t m3 hd ff1 fs7 fc3 sc0 ls11 ws2 gs31d\">gro<span class=\"_ _6\"></span>wth rate o<span class=\"_ _6\"></span>ver the performance period, that is<span class=\"_ _6\"></span>, the annualised gro<span class=\"_ _6\"></span>wth from a base year 0 to \ufb01nal year 3<span class=\"_ _8\"></span>. For example, the 2<span class=\"_ _6\"></span>022 Aw<span class=\"_ _6\"></span>ard will </div><div class=\"t m3 hd ff1 fs7 fc3 sc0 ls11 ws2 gs31e\">measure the EPS gro<span class=\"_ _8\"></span>wth from 1 January 2021 to 31 December 2024<span class=\"_ _8\"></span>. For the TSR element, the Company\u2019<span class=\"_ _1f6\"></span>s ordinary shares r<span class=\"_ _6\"></span>elative performance is </div><div class=\"t m3 hd ff1 fs7 fc3 sc0 ls11 ws2 gs31f\">measured agains<span class=\"_ _6\"></span>t the FTSE 250 (<span class=\"_ _6\"></span>excluding in<span class=\"_ _8\"></span>vestment trus<span class=\"_ _6\"></span>ts). The risk<span class=\"_ _6\"></span>-based measure is assessed agains<span class=\"_ _6\"></span>t the risk management performance with </div><div class=\"t m3 hd ff1 fs7 fc3 sc0 ls11 ws2 gs320\">regar<span class=\"_ _6\"></span>d to all rele<span class=\"_ _6\"></span>vant risk<span class=\"_ _8\"></span>s including, but not limited to, an assessment o<span class=\"_ _6\"></span>f regulatory risk<span class=\"_ _6\"></span>, operational risk<span class=\"_ _6\"></span>, conduct risk, liquidity risk, funding risk<span class=\"_ _6\"></span>, </div><div class=\"t m3 hd ff1 fs7 fc3 sc0 ls11 ws2 gs321\">mark<span class=\"_ _6\"></span>et risk and credit risk<span class=\"_ _6\"></span>. For the ROE element, gro<span class=\"_ _8\"></span>wth rates are assessed agains<span class=\"_ _6\"></span>t the Group<span class=\"_ _8\"></span>\u2019<span class=\"_ _6\"></span>s underlying pro\ufb01t after tax<span class=\"_ _6\"></span>ation as a percentage o<span class=\"_ _6\"></span>f </div><div class=\"t m3 hd ff1 fs7 fc3 sc0 ls11 ws2 gs322\">aver<span class=\"_ _6\"></span>age shareholders<span class=\"_ _1f6\"></span>\u2019 equity.<span class=\"_ _383\"> </span></div><div class=\"t m3 hd ff1 fs7 fc3 sc0 ls11 ws2 gs323\">The share-based e<span class=\"_ _6\"></span>xpense for the year includes a charge in r<span class=\"_ _6\"></span>espect of the Sharesav<span class=\"_ _6\"></span>e Scheme, D<span class=\"_ _6\"></span>SBP and PSP<span class=\"_ _8\"></span>. All charges are included in employee </div><div class=\"t m3 hd ff1 fs7 fc3 sc0 ls11 ws2 gs324\">expenses within note 8 A<span class=\"_ _6\"></span>dministrativ<span class=\"_ _8\"></span><span class=\"_ _383\">e expenses.\u2003</span></div><div class=\"t m3 hd ff1 fs7 fc3 sc0 ls11 ws2 gs325\">The share-based payment e<span class=\"_ _6\"></span>xpense during the year comprised the follo<span class=\"_ _6\"></span>wing: </div><div class=\"t m3 h3a ff2 fs5 fc3 sc0 lse ws71 gs326\">2022<span class=\"_ _383\"> </span></div><div class=\"t m3 h3a ff2 fs5 fc3 sc0 lse ws71 gs327\">\u00a3m<span class=\"_ _383\"> </span></div><div class=\"t m3 h8 ff1 fs5 fc3 sc0 lse ws71 gs328\">2021<span class=\"_ _383\"> </span></div><div class=\"t m3 h8 ff1 fs5 fc3 sc0 lse ws71 gs329\">\u00a3m<span class=\"_ _383\"> </span></div><div class=\"t m3 hd ff1 fs7 fc3 sc0 ls11 ws2 gs32a\">Sharesav<span class=\"_ _6\"></span>e Scheme<span class=\"_ _245\"> </span><span class=\"ff2 ws6e\">0.6<span class=\"_ _e5\"> </span></span><span class=\"ls9f wsbc\">0.7<span class=\"_ _383\"> </span></span></div><div class=\"t m3 hd ff1 fs7 fc3 sc0 ls11 ws2 gs32b\">Deferred Shar<span class=\"_ _6\"></span>e Bonus Plan<span class=\"_ _246\"> </span><span class=\"ff2 ws6e\">4.2<span class=\"_ _e5\"> </span></span><span class=\"lsd3 ws86\">3.8<span class=\"_ _383\"> </span></span></div><div class=\"t m3 hd ff1 fs7 fc3 sc0 ls11 ws2 gs32c\">Performance Share Plan<span class=\"_ _221\"> </span><span class=\"ff2 ls2c ws29\">3.3<span class=\"_ _15e\"> </span></span><span class=\"ls2\">2.2</span></div><div class=\"t m3 hd ff1 fs7 fc3 sc0 ls2 ws2 gs32d\"> <span class=\"_ _247\"> </span><span class=\"ff2 lsc3 wsc2\">8<span class=\"_ _1\"></span>.1<span class=\"_ _5f\"> </span></span><span class=\"lse3 wse7\">6<span class=\"_ _1\"></span>.7<span class=\"_ _383\"> </span></span></div><div class=\"t m3 hd ff1 fs7 fc3 sc0 ls11 ws2 gs32e\">Mov<span class=\"_ _6\"></span>ements in the number of shar<span class=\"_ _6\"></span>e awar<span class=\"_ _8\"></span>ds and their weighted av<span class=\"_ _6\"></span>erage ex<span class=\"_ _6\"></span>ercise prices are set out belo<span class=\"_ _8\"></span>w:<span class=\"_ _383\"> </span></div><div class=\"t m3 h3a ff2 fs5 fc3 sc0 lse ws2 gs32f\">Sharesave Scheme<span class=\"_ _383\"> </span></div><div class=\"t m3 h3a ff2 fs5 fc3 sc0 lse ws2 gs330\">Deferred Share </div><div class=\"t m3 h3a ff2 fs5 fc3 sc0 lse ws2 gs331\">Bonus Plan<span class=\"_ _383\"> </span></div><div class=\"t m3 h3a ff2 fs5 fc3 sc0 lse ws71 gs332\">Performance </div><div class=\"t m3 h3a ff2 fs5 fc3 sc0 lse ws2 gs333\">Share Plan<span class=\"_ _383\"> </span></div><div class=\"t m3 h3a ff2 fs5 fc3 sc0 lse ws71 gs334\">Number<span class=\"_ _383\"> </span></div><div class=\"t m3 h3a ff2 fs5 fc3 sc0 lse ws71 gs335\">W<span class=\"_ _8\"></span>eighted </div><div class=\"t m3 h3a ff2 fs5 fc3 sc0 lse ws71 gs336\">average </div><div class=\"t m3 h3a ff2 fs5 fc3 sc0 lse ws71 gs337\">ex<span class=\"_ _6\"></span>ercise </div><div class=\"t m3 h3a ff2 fs5 fc3 sc0 lse ws2 gs338\">price, \u00a3<span class=\"_ _7f\"> </span><span class=\"ws71\">Number<span class=\"_ _7d\"> </span>Number<span class=\"_ _383\"> </span></span></div><div class=\"t m3 hd ff1 fs7 fc3 sc0 ls11 ws2 gs339\">At 1 January 2<span class=\"_ _6\"></span>022<span class=\"_ _248\"> </span><span class=\"ff2 ls22 ws1f\">2<span class=\"_ _1\"></span>,42<span class=\"_ _1\"></span>1<span class=\"_ _1\"></span>,<span class=\"_ _2\"></span>26<span class=\"_ _1\"></span>0<span class=\"_ _93\"> </span><span class=\"lse3 wse7\">2<span class=\"_ _1\"></span>.65<span class=\"_ _40\"> </span><span class=\"lse4 wse9\">7<span class=\"_ _2\"></span>9<span class=\"_ _0\"></span>7,<span class=\"_ _1\"></span>1<span class=\"_ _0\"></span>1<span class=\"_ _2\"></span>6<span class=\"_ _2f\"> </span><span class=\"ls2 ws2\">5,225,080<span class=\"_ _383\"> </span></span></span></span></span></div><div class=\"t m3 hd ff1 fs7 fc3 sc0 ls11 ws6e gs33a\">Gran<span class=\"_ _6\"></span>ted<span class=\"_ _249\"> </span><span class=\"ff2 lscd wsce\">596,692<span class=\"_ _93\"> </span></span><span class=\"ff2\">4.2<span class=\"_ _1\"></span>9<span class=\"_ _89\"> </span><span class=\"ls89 wscc\">478<span class=\"_ _2\"></span>,9<span class=\"_ _1\"></span>0<span class=\"_ _1\"></span>1<span class=\"_ _1fe\"> </span><span class=\"lse3 wse7\">1,7<span class=\"_ _8\"></span>61,<span class=\"_ _6\"></span>174<span class=\"_ _383\"> </span></span></span></span></div><div class=\"t m3 hd ff1 fs7 fc3 sc0 ls11 ws6e gs33b\">Exer<span class=\"_ _6\"></span>cised/<span class=\"_ _1\"></span>V<span class=\"_ _6\"></span>ested<span class=\"_ _24a\"> </span><span class=\"ff2 lsa wse4\">(62<span class=\"_ _1\"></span>4<span class=\"_ _1\"></span>,<span class=\"_ _1\"></span>6<span class=\"_ _1\"></span>6<span class=\"_ _1\"></span>4)<span class=\"_ _3d\"> </span><span class=\"lse5 wsea\">2<span class=\"_ _2\"></span>.67<span class=\"_ _aa\"> </span></span>(<span class=\"_ _1\"></span>5<span class=\"_ _1\"></span>11<span class=\"_ _1\"></span>,<span class=\"_ _1\"></span>0<span class=\"_ _1\"></span>3<span class=\"_ _1\"></span>4)<span class=\"_ _2f\"> </span><span class=\"ls14 ws11\">(1,181,<span class=\"_ _6\"></span>949)<span class=\"_ _383\"> </span></span></span></div><div class=\"t m3 hd ff1 fs7 fc3 sc0 ls11 ws6e gs33c\">Forfeited<span class=\"_ _24b\"> </span><span class=\"ff2 ls14 ws11\">(245,316)<span class=\"_ _5a\"> </span><span class=\"ls7d wse2\">2.<span class=\"_ _1\"></span>82<span class=\"_ _83\"> </span><span class=\"ls1e ws43\">(1,5<span class=\"_ _1\"></span>93)<span class=\"_ _3a\"> </span><span class=\"lse0 wse0\">(<span class=\"_ _1\"></span>41<span class=\"_ _1\"></span>3<span class=\"_ _1\"></span>,<span class=\"_ _1\"></span>0<span class=\"_ _1\"></span>3<span class=\"_ _1\"></span>6)<span class=\"_ _383\"> </span></span></span></span></span></div><div class=\"t m3 hc ff2 fs7 fc3 sc0 ls11 ws2 gs33d\">At 31 December 2022<span class=\"_ _24c\"> </span><span class=\"lse4 wse9\">2<span class=\"_ _0\"></span>,<span class=\"_ _1\"></span>1<span class=\"_ _0\"></span>4<span class=\"_ _2\"></span>7,<span class=\"_ _2\"></span>9<span class=\"_ _2\"></span>7<span class=\"_ _2\"></span>2<span class=\"_ _9d\"> </span><span class=\"ls2c ws29\">3.08<span class=\"_ _aa\"> </span><span class=\"lsf9 ws82\">7<span class=\"_ _6\"></span>63,390<span class=\"_ _24d\"> </span><span class=\"lse3 wse7\">5,391,<span class=\"_ _1\"></span>269<span class=\"_ _383\"> </span></span></span></span></span></div><div class=\"t m3 hd ff1 fs7 fc3 sc0 ls11 ws2 gs33e\">Exer<span class=\"_ _6\"></span>cisable at:<span class=\"_ _24e\"> </span><span class=\"ff2 ls2\"> <span class=\"_ _11a\"> </span> <span class=\"_ _11a\"> </span> <span class=\"_ _21a\"> </span> </span></div><div class=\"t m3 hc ff2 fs7 fc3 sc0 ls11 ws2 gs33f\">31 Dec<span class=\"_ _1\"></span>ember 2022<span class=\"_ _24f\"> </span><span class=\"ls2\">35,015<span class=\"_ _59\"> </span><span class=\"lsd3 ws86\">2.85<span class=\"_ _116\"> </span></span>\u2013<span class=\"_ _1cc\"> </span>\u2013<span class=\"_ _383\"> </span></span></div><div class=\"t m3 hd ff1 fs7 fc3 sc0 ls11 ws2 gs341\">At 1 January 2<span class=\"_ _6\"></span>021<span class=\"_ _251\"> </span><span class=\"ls79 wse8\">2,7<span class=\"_ _1\"></span>45,3<span class=\"_ _1\"></span>32<span class=\"_ _55\"> </span><span class=\"ls6f ws75\">2.53<span class=\"_ _a5\"> </span><span class=\"lsf8 wsfd\">1<span class=\"_ _2\"></span>,1<span class=\"_ _2\"></span>1<span class=\"_ _2\"></span>9,<span class=\"_ _1\"></span>7<span class=\"_ _0\"></span>5<span class=\"_ _1\"></span>7<span class=\"_ _36\"> </span><span class=\"lsc5 wsc4\">4<span class=\"_ _1\"></span>,9<span class=\"_ _2\"></span>8<span class=\"_ _1\"></span>6<span class=\"_ _1\"></span>,<span class=\"_ _2\"></span>52<span class=\"_ _2\"></span>7<span class=\"_ _383\"> </span></span></span></span></span></div><div class=\"t m3 hd ff1 fs7 fc3 sc0 ls11 ws6e gs342\">Gran<span class=\"_ _6\"></span>ted<span class=\"_ _23d\"> </span><span class=\"lsc9 wsc9\">3<span class=\"_ _1\"></span>39<span class=\"_ _6\"></span>,097<span class=\"_ _4f\"> </span><span class=\"ls86 wsf1\">3<span class=\"_ _2\"></span>.9<span class=\"_ _1\"></span>6<span class=\"_ _6c\"> </span><span class=\"lsd4 ws46\">363,624<span class=\"_ _6e\"> </span><span class=\"lsc7 ws7f\">1<span class=\"_ _1\"></span>,4<span class=\"_ _8\"></span>7<span class=\"_ _2\"></span>7<span class=\"_ _8\"></span>,111<span class=\"_ _383\"> </span></span></span></span></span></div><div class=\"t m3 hd ff1 fs7 fc3 sc0 ls11 ws6e gs343\">Exer<span class=\"_ _6\"></span>cised/<span class=\"_ _1\"></span>V<span class=\"_ _6\"></span>ested<span class=\"_ _252\"> </span><span class=\"ls88 wse3\">(270,<span class=\"_ _1\"></span>709<span class=\"_ _1\"></span>)<span class=\"_ _9d\"> </span><span class=\"lsed wsf2\">3<span class=\"_ _1\"></span>.1<span class=\"_ _1\"></span>0<span class=\"_ _aa\"> </span><span class=\"lsd7 wsd7\">(6<span class=\"_ _2\"></span>8<span class=\"_ _1\"></span>3<span class=\"_ _2\"></span>,4<span class=\"_ _1\"></span>5<span class=\"_ _1\"></span>6<span class=\"_ _1\"></span>)<span class=\"_ _fd\"> </span><span class=\"lscd wsce\">(513,927<span class=\"_ _1\"></span>)<span class=\"_ _383\"> </span></span></span></span></span></div><div class=\"t m3 hd ff1 fs7 fc3 sc0 ls11 ws6e gs344\">Forfeited<span class=\"_ _1d0\"> </span><span class=\"ls2 ws2\">(392,<span class=\"_ _6\"></span>460)<span class=\"_ _3b\"> </span><span class=\"ls7a wsa1\">2.63<span class=\"_ _74\"> </span><span class=\"lsc7 ws7f\">(2<span class=\"_ _1\"></span>,<span class=\"_ _1\"></span>8<span class=\"_ _1\"></span>0<span class=\"_ _1\"></span>9)<span class=\"_ _1fe\"> </span><span class=\"ls7d wse2\">(<span class=\"_ _1\"></span>724,631)<span class=\"_ _383\"> </span></span></span></span></span></div><div class=\"t m3 hd ff1 fs7 fc3 sc0 ls11 ws2 gs345\">At 31 December 2021<span class=\"_ _253\"> </span><span class=\"lsd7 wsd7\">2<span class=\"_ _1\"></span>,4<span class=\"_ _1\"></span>2<span class=\"_ _1\"></span>1<span class=\"_ _1\"></span>,<span class=\"_ _2\"></span>2<span class=\"_ _1\"></span>6<span class=\"_ _2\"></span>0<span class=\"_ _55\"> </span><span class=\"ls14 ws11\">2.65<span class=\"_ _94\"> </span><span class=\"lsc8 wsc8\">7<span class=\"_ _0\"></span>9<span class=\"_ _2\"></span>7,<span class=\"_ _2\"></span>1<span class=\"_ _2\"></span>1<span class=\"_ _0\"></span>6<span class=\"_ _b4\"> </span><span class=\"ls7a wsa1\">5,<span class=\"_ _1\"></span>225,080<span class=\"_ _383\"> </span></span></span></span></span></div><div class=\"t m3 hd ff1 fs7 fc3 sc0 ls11 ws2 gs346\">Exer<span class=\"_ _6\"></span>cisable at:<span class=\"_ _24e\"> </span><span class=\"ls2\"> <span class=\"_ _21a\"> </span> <span class=\"_ _11a\"> </span> <span class=\"_ _21a\"> </span> </span></div><div class=\"t m3 hd ff1 fs7 fc3 sc0 ls11 ws2 gs347\">31 December 2021<span class=\"_ _23c\"> </span><span class=\"ls2c ws29\">8,<span class=\"_ _6\"></span>480<span class=\"_ _254\"> </span><span class=\"ls12 wsf\">3.<span class=\"_ _1\"></span>37<span class=\"_ _d9\"> </span><span class=\"ls2 ws2\">\u2013<span class=\"_ _1cc\"> </span>\u2013<span class=\"_ _383\"> </span></span></span></span></div><div class=\"t m3 hd ff1 fs7 fc3 sc0 ls11 ws2 gs348\">For the share-based aw<span class=\"_ _6\"></span>ards gr<span class=\"_ _6\"></span>anted during the year<span class=\"_ _1f6\"></span>, the weighted av<span class=\"_ _8\"></span>erage grant date f<span class=\"_ _6\"></span>air value w<span class=\"_ _6\"></span>as 396 pence (<span class=\"_ _6\"></span>2021: 286 pence). </div><div class=\"t m3 hd ff1 fs7 fc3 sc0 ls11 ws2 gs349\">The range of e<span class=\"_ _6\"></span>xer<span class=\"_ _6\"></span>cise prices and weighte<span class=\"_ _6\"></span>d aver<span class=\"_ _6\"></span>age remaining contr<span class=\"_ _6\"></span>actual life of outs<span class=\"_ _6\"></span>tanding aw<span class=\"_ _6\"></span>ards are as f<span class=\"_ _6\"></span>ollows:<span class=\"_ _383\"> </span></div><div class=\"t m3 h8 ff1 fs5 fc3 sc0 lse ws2 gs34a\">Exercise price<span class=\"_ _383\"> </span></div><div class=\"t m3 h8 ff2 fs5 fc3 sc0 lse ws71 gs34b\">2022<span class=\"_ _a0\"> </span><span class=\"ff1\">2021<span class=\"_ _383\"> </span></span></div><div class=\"t m3 h3a ff2 fs5 fc3 sc0 lse ws71 gs34c\">Number<span class=\"_ _383\"> </span></div><div class=\"t m3 h3a ff2 fs5 fc3 sc0 lse ws71 gs34d\">W<span class=\"_ _8\"></span>eighted </div><div class=\"t m3 h3a ff2 fs5 fc3 sc0 lse ws71 gs34e\">average </div><div class=\"t m3 h3a ff2 fs5 fc3 sc0 lse ws71 gs34f\">remaining </div><div class=\"t m3 h3a ff2 fs5 fc3 sc0 lse ws71 gs350\">contractual </div><div class=\"t m3 h8 ff2 fs5 fc3 sc0 lse ws2 gs351\">life (years)<span class=\"_ _70\"> </span><span class=\"ff1 ws71\">Number<span class=\"_ _383\"> </span></span></div><div class=\"t m3 h8 ff1 fs5 fc3 sc0 lse ws71 gs352\">W<span class=\"_ _8\"></span>eighted </div><div class=\"t m3 h8 ff1 fs5 fc3 sc0 lse ws71 gs353\">aver<span class=\"_ _6\"></span>age </div><div class=\"t m3 h8 ff1 fs5 fc3 sc0 lse ws71 gs354\">remaining </div><div class=\"t m3 h8 ff1 fs5 fc3 sc0 lse ws2 gs355\">contractual lif<span class=\"_ _6\"></span>e </div><div class=\"t m3 h8 ff1 fs5 fc3 sc0 lse ws71 gs356\">(years)<span class=\"_ _383\"> </span></div><div class=\"t m3 hc ff2 fs7 fc3 sc0 ls11 ws2 gs357\">Sharesave Scheme<span class=\"_ _255\"> </span><span class=\"ls2\"> <span class=\"_ _11a\"> </span> </span></div><div class=\"t m3 hd ff1 fs7 fc3 sc0 ls11 ws2 gs358\">229 \u2013 429 pence (2<span class=\"_ _6\"></span>021: 227 \u2013 335 pence)<span class=\"_ _22c\"> </span><span class=\"ff2 lse4 wse9\">2<span class=\"_ _2\"></span>,<span class=\"_ _2\"></span>1<span class=\"_ _2\"></span>4<span class=\"_ _2\"></span>7,<span class=\"_ _2\"></span>9<span class=\"_ _2\"></span>7<span class=\"_ _2\"></span>2<span class=\"_ _52\"> </span><span class=\"ls14 ws11\">1.8<span class=\"_ _36\"> </span></span></span><span class=\"lsd7 wsd7\">2<span class=\"_ _2\"></span>,42<span class=\"_ _2\"></span>1<span class=\"_ _1\"></span>,<span class=\"_ _2\"></span>2<span class=\"_ _1\"></span>6<span class=\"_ _1\"></span>0<span class=\"_ _e5\"> </span></span><span class=\"ws6e\">2.0<span class=\"_ _383\"> </span></span></div><div class=\"t m3 hc ff2 fs7 fc3 sc0 ls11 ws2 gs359\">Deferred Share Bonus Plan<span class=\"_ _72\"> </span><span class=\"ls2\"> <span class=\"_ _11a\"> </span> </span></div><div class=\"t m3 hd ff1 fs7 fc3 sc0 ls11 ws6e gs35a\">Nil<span class=\"_ _256\"> </span><span class=\"ff2 lsf9 ws82\">7<span class=\"_ _8\"></span>63,390<span class=\"_ _15c\"> </span><span class=\"lsc5 wsc4\">0<span class=\"_ _1\"></span>.9<span class=\"_ _94\"> </span><span class=\"ff1 lsc8 wsc8\">7<span class=\"_ _0\"></span>9<span class=\"_ _0\"></span>7,<span class=\"_ _2\"></span>1<span class=\"_ _2\"></span>1<span class=\"_ _0\"></span>6<span class=\"_ _90\"> </span><span class=\"ls9f wsbc\">0.7<span class=\"_ _383\"> </span></span></span></span></span></div><div class=\"t m3 hc ff2 fs7 fc3 sc0 ls11 ws2 gs35b\">Performance Share Plan<span class=\"_ _257\"> </span><span class=\"ls2\"> <span class=\"_ _11a\"> </span> </span></div><div class=\"t m3 hd ff1 fs7 fc3 sc0 ls11 ws6e gs35c\">Nil<span class=\"_ _258\"> </span><span class=\"ff2 lse3 wse7\">5,391,<span class=\"_ _1\"></span>269<span class=\"_ _15c\"> </span><span class=\"lscd wsce\">2<span class=\"_ _1\"></span>.7<span class=\"_ _15\"> </span></span></span><span class=\"ls7a wsa1\">5,225,080<span class=\"_ _8b\"> </span><span class=\"lsd7 wsd7\">2<span class=\"_ _1\"></span>.4</span></span></div><div class=\"t m3 hd ff1 fs7 fc3 sc0 ls2 ws2 gs35d\"> <span class=\"_ _11b\"> </span><span class=\"ff2 lsf9 ws82\">8,302,631<span class=\"_ _63\"> </span><span class=\"ls73 ws7a\">2.3<span class=\"_ _a3\"> </span></span></span><span class=\"lsd7 wsd7\">8<span class=\"_ _1\"></span>,4<span class=\"_ _2\"></span>4<span class=\"_ _1\"></span>3<span class=\"_ _2\"></span>,4<span class=\"_ _1\"></span>5<span class=\"_ _2\"></span>6<span class=\"_ _ce\"> </span><span class=\"lsed wsf2\">2<span class=\"_ _1\"></span>.1<span class=\"_ _383\"> </span></span></span></div><div class=\"t m3 hc ff2 fs7 fc3 sc0 ls2d ws2a gs35e\">Sharesave Scheme</div><div class=\"t m3 h8 ff1 fs5 fc3 sc0 ls2 ws2 gs35f\"> <span class=\"_ _91\"> </span><span class=\"ff2 lse ws71\">2022<span class=\"_ _18d\"> </span><span class=\"ff1\">2021<span class=\"_ _20e\"> </span><span class=\"ls69 ws70\">2020<span class=\"_ _1b5\"> </span></span>2019<span class=\"_ _120\"> </span>2<span class=\"_ _6\"></span>018<span class=\"_ _259\"> </span>2017<span class=\"_ _383\"> </span></span></span></div><div class=\"t m3 hd ff1 fs7 fc3 sc0 ls11 ws2 gs360\">Contractual lif<span class=\"_ _6\"></span>e, year<span class=\"_ _6\"></span>s<span class=\"_ _115\"> </span><span class=\"ff2 ls2\">3<span class=\"_ _5f\"> </span><span class=\"ff1\">3<span class=\"_ _52\"> </span>3<span class=\"_ _90\"> </span>5<span class=\"_ _90\"> </span>3<span class=\"_ _90\"> </span>5<span class=\"_ _90\"> </span>3<span class=\"_ _90\"> </span>5<span class=\"_ _5f\"> </span>5<span class=\"_ _383\"> </span></span></span></div><div class=\"t m3 hd ff1 fs7 fc3 sc0 ls11 ws2 gs361\">Share price at issue, \u00a3<span class=\"_ _25a\"> </span><span class=\"ff2 ws6e\">4.2<span class=\"_ _1\"></span>0<span class=\"_ _3e\"> </span></span><span class=\"lsed wsf2\">5<span class=\"_ _1\"></span>.1<span class=\"_ _1\"></span>3<span class=\"_ _86\"> </span></span><span class=\"ls2\">2.86<span class=\"_ _86\"> </span>2.86<span class=\"_ _98\"> </span><span class=\"ls7d wse2\">3.32<span class=\"_ _86\"> </span>3.32<span class=\"_ _18d\"> </span><span class=\"lsed wsf2\">4<span class=\"_ _1\"></span>.1<span class=\"_ _1\"></span>9<span class=\"_ _3d\"> </span>4.1<span class=\"_ _2\"></span>9<span class=\"_ _50\"> </span><span class=\"ls86 wsf1\">3<span class=\"_ _2\"></span>.9<span class=\"_ _1\"></span>3<span class=\"_ _383\"> </span></span></span></span></span></div><div class=\"t m3 hd ff1 fs7 fc3 sc0 ls11 ws2 gs362\">Exer<span class=\"_ _6\"></span>cise price, \u00a3<span class=\"_ _155\"> </span><span class=\"ff2 ws6e\">4.<span class=\"_ _1\"></span>29<span class=\"_ _50\"> </span></span><span class=\"ls86 wsf1\">3<span class=\"_ _2\"></span>.9<span class=\"_ _1\"></span>6<span class=\"_ _86\"> </span></span><span class=\"ls2\">2.2<span class=\"_ _1\"></span>9<span class=\"_ _98\"> </span>2.2<span class=\"_ _1\"></span>9<span class=\"_ _98\"> </span><span class=\"ls14 ws11\">2.65<span class=\"_ _86\"> </span>2.65<span class=\"_ _98\"> </span><span class=\"ls2c ws29\">3.35<span class=\"_ _98\"> </span>3.<span class=\"_ _1\"></span>35<span class=\"_ _3e\"> </span><span class=\"lsed wsf2\">3<span class=\"_ _1\"></span>.1<span class=\"_ _1\"></span>5<span class=\"_ _383\"> </span></span></span></span></span></div><div class=\"t m3 hd ff1 fs7 fc3 sc0 ls11 ws2 gs363\">Expected volatility, %<span class=\"_ _21a\"> </span><span class=\"ff2 ls14 ws11\">31.4<span class=\"_ _91\"> </span></span><span class=\"lsc8 wsc8\">3<span class=\"_ _0\"></span>7.<span class=\"_ _2\"></span>9<span class=\"_ _18d\"> </span>5<span class=\"_ _2\"></span>7.<span class=\"_ _0\"></span>6<span class=\"_ _18d\"> </span>5<span class=\"_ _2\"></span>7.<span class=\"_ _0\"> </span>6<span class=\"_ _3b\"> </span><span class=\"ls86 wsf1\">3<span class=\"_ _2\"></span>1<span class=\"_ _1\"></span>.9<span class=\"_ _3d\"> </span>3<span class=\"_ _2\"></span>1<span class=\"_ _1\"></span>.9<span class=\"_ _5c\"> </span><span class=\"lsed wsf2\">1<span class=\"_ _1\"></span>6<span class=\"_ _2\"></span>.1<span class=\"_ _3e\"> </span><span class=\"lscc wscd\">16.<span class=\"_ _1\"></span>5<span class=\"_ _3b\"> </span></span></span></span>1<span class=\"_ _2\"></span>7.<span class=\"_ _3\"> </span>3<span class=\"_ _383\"> </span></span></div><div class=\"t m3 hd ff1 fs7 fc3 sc0 ls11 ws2 gs364\">Dividend yield, % <span class=\"_ _155\"> </span><span class=\"ff2 lsc4 wsc3\">7.<span class=\"_ _0\"> </span>3<span class=\"_ _96\"> </span></span><span class=\"ls88 wse3\">4.<span class=\"_ _1\"></span>5<span class=\"_ _93\"> </span><span class=\"ls2c ws29\">3.3<span class=\"_ _93\"> </span>3.3<span class=\"_ _93\"> </span></span>4.8<span class=\"_ _9d\"> </span>4.8<span class=\"_ _96\"> </span><span class=\"lsd7 wsd7\">4.4<span class=\"_ _96\"> </span>4<span class=\"_ _1\"></span>.4<span class=\"_ _9c\"> </span><span class=\"lsed wsf2\">4.1<span class=\"_ _383\"> </span></span></span></span></div><div class=\"t m3 hd ff1 fs7 fc3 sc0 ls11 ws2 gs365\">Gran<span class=\"_ _6\"></span>t date fair value<span class=\"_ _6\"></span>, \u00a3<span class=\"_ _e5\"> </span><span class=\"ff2 ws6e\">0.<span class=\"_ _1\"></span>68<span class=\"_ _3e\"> </span></span><span class=\"lsd7 wsd7\">1<span class=\"_ _1\"></span>.4<span class=\"_ _2\"></span>6<span class=\"_ _3e\"> </span><span class=\"ls9f wsbc\">1.2<span class=\"_ _1\"></span>2<span class=\"_ _91\"> </span>1.3<span class=\"_ _1\"></span>4<span class=\"_ _98\"> </span><span class=\"ls86 wsf1\">0<span class=\"_ _1\"></span>.9<span class=\"_ _2\"></span>0<span class=\"_ _3e\"> </span>0<span class=\"_ _2\"></span>.9<span class=\"_ _1\"></span>1<span class=\"_ _86\"> </span></span></span>0<span class=\"_ _1\"></span>.4<span class=\"_ _1\"></span>0<span class=\"_ _50\"> </span>0.4<span class=\"_ _2\"></span>3<span class=\"_ _50\"> </span><span class=\"ls88 wse3\">0.70<span class=\"_ _383\"> </span></span></span></div><div class=\"t m3 hd ff1 fs7 fc3 sc0 ls11 ws2 gs366\">The sharesav<span class=\"_ _6\"></span>e schemes are not entitled t<span class=\"_ _6\"></span>o dividends between the option and e<span class=\"_ _6\"></span>xercise date<span class=\"_ _8\"></span>. A Black S<span class=\"_ _1\"></span>choles model is used to determine the gr<span class=\"_ _6\"></span>ant </div><div class=\"t m3 hd ff1 fs7 fc3 sc0 ls11 ws2 gs367\">date fair value with tw<span class=\"_ _6\"></span>o inputs:<span class=\"_ _383\"> </span></div><div class=\"t m3 hd ff1 fs7 fc3 sc0 ls11 ws6e gs368\">\u2022 <span class=\"_ _124\"> </span><span class=\"ws2\">Expected volatility \u2013 from 2<span class=\"_ _6\"></span>019<span class=\"_ _1f6\"></span>, the expected volatility is based on the Company<span class=\"_ _6\"></span>\u2019<span class=\"_ _8\"></span>s share price. Prior to this the Gr<span class=\"_ _6\"></span>oup used the FTSE 350 </span></div><div class=\"t m3 hd ff1 fs7 fc3 sc0 ls11 ws2 gs369\">diver<span class=\"_ _6\"></span><span class=\"_ _383\">si\ufb01ed \ufb01nancials volatility as insufficient his</span><span class=\"_ _6\"></span>tory w<span class=\"_ _6\"></span>as available for the Company\u2019<span class=\"_ _1f6\"></span>s share price.<span class=\"_ _383\"> </span></div><div class=\"t m3 hd ff1 fs7 fc3 sc0 ls11 ws6e gs36a\">\u2022 <span class=\"_ _124\"> </span><span class=\"ws2\">Dividend \u2013 based on the average dividend yield acr<span class=\"_ _6\"></span>oss external analyst r<span class=\"_ _6\"></span>eports for the quarter prior to scheme grant dat<span class=\"_ _6\"></span>e.<span class=\"_ _383\"> </span></span></div><div class=\"t m3 hc ff2 fs7 fc3 sc0 lsb4 ws80 gs36b\">Deferred Share<span class=\"_ _6\"></span> Bonus Plan</div><div class=\"t m3 h8 ff1 fs5 fc3 sc0 ls2 ws2 gs36c\"> <span class=\"_ _1b4\"> </span><span class=\"ls69 ws70\">20<span class=\"_ _1\"></span>20<span class=\"_ _57\"> </span><span class=\"lse ws71\">2019<span class=\"_ _1b4\"> </span>2018<span class=\"_ _b2\"> </span>2017<span class=\"_ _383\"> </span></span></span></div><div class=\"t m3 hd ff1 fs7 fc3 sc0 ls11 ws2 gs36d\">Contractual lif<span class=\"_ _6\"></span>e, year<span class=\"_ _6\"></span>s<span class=\"_ _25b\"> </span><span class=\"ls2\">3<span class=\"_ _d9\"> </span>3<span class=\"_ _d9\"> </span>3<span class=\"_ _d9\"> </span>5<span class=\"_ _383\"> </span></span></div><div class=\"t m3 hd ff1 fs7 fc3 sc0 ls11 ws2 gs36e\">Mid-mark<span class=\"_ _6\"></span>et share price<span class=\"_ _6\"></span>, \u00a3<span class=\"_ _1dc\"> </span><span class=\"ls6f ws75\">2.5<span class=\"_ _1\"></span>8<span class=\"_ _254\"> </span><span class=\"ls86 wsf1\">3<span class=\"_ _2\"></span>.9<span class=\"_ _1\"></span>6<span class=\"_ _96\"> </span><span class=\"lsd3 ws86\">3.80<span class=\"_ _96\"> </span><span class=\"ls88 wse3\">4.<span class=\"_ _1\"></span>0<span class=\"_ _1\"></span>4<span class=\"_ _383\"> </span></span></span></span></span></div><div class=\"t m3 hd ff1 fs7 fc3 sc0 ls11 ws2 gs36f\">Attrition r<span class=\"_ _6\"></span>ate, %<span class=\"_ _25c\"> </span><span class=\"ls2\">\u2013<span class=\"_ _e5\"> </span><span class=\"lsd7 wsd7\">8<span class=\"_ _1\"></span>.4<span class=\"_ _52\"> </span><span class=\"lsf8 wsfd\">9.<span class=\"_ _2\"></span>7<span class=\"_ _15c\"> </span><span class=\"lsc7 ws7f\">11.<span class=\"_ _1\"></span>8<span class=\"_ _383\"> </span></span></span></span></span></div><div class=\"t m3 hd ff1 fs7 fc3 sc0 ls11 ws2 gs370\">Dividend yield, % <span class=\"_ _25d\"> </span><span class=\"ls7a wsa1\">5.6<span class=\"_ _8b\"> </span><span class=\"ls88 wse3\">4.7<span class=\"_ _8b\"> </span>4.6<span class=\"_ _e5\"> </span>4.0<span class=\"_ _383\"> </span></span></span></div><div class=\"t m3 hd ff1 fs7 fc3 sc0 ls11 ws2 gs371\">Gran<span class=\"_ _6\"></span>t date fair value<span class=\"_ _6\"></span>, \u00a3<span class=\"_ _25e\"> </span><span class=\"ls2\">2.21<span class=\"_ _9c\"> </span><span class=\"lsee wsf3\">3<span class=\"_ _2\"></span>.47<span class=\"_ _55\"> </span><span class=\"ls2c ws29\">3.34<span class=\"_ _254\"> </span><span class=\"ls12 wsf\">3<span class=\"_ _1\"></span>.37<span class=\"_ _383\"> </span></span></span></span></span></div><div class=\"t m3 hd ff1 fs7 fc3 sc0 ls11 ws2 gs372\">For awar<span class=\"_ _6\"></span>ds gran<span class=\"_ _6\"></span>ted from 2<span class=\"_ _6\"></span>021, there are no further performance or ves<span class=\"_ _6\"></span>ting conditions attached to deferr<span class=\"_ _6\"></span>ed aw<span class=\"_ _6\"></span>ards<span class=\"_ _6\"></span>, for further details see <span class=\"ls2\"> </span></div><div class=\"t m3 hd ff1 fs7 fc3 sc0 ls11 ws2 gs373\">DSBP abo<span class=\"_ _6\"></span>ve<span class=\"_ _6\"></span>.<span class=\"_ _383\"> </span></div><div class=\"t m3 hd ff1 fs7 fc3 sc0 ls11 ws2 gs374\">For DSBP aw<span class=\"_ _6\"></span>ards wher<span class=\"_ _6\"></span>e conditions exist, these schemes carry no righ<span class=\"_ _6\"></span>ts to dividend equivalen<span class=\"_ _6\"></span>ts and a Black Scholes model is used to determine </div><div class=\"t m3 hd ff1 fs7 fc3 sc0 ls11 ws2 gs375\">the gran<span class=\"_ _6\"></span>t date fair value with a dividend yield input applied \u2013 based on the av<span class=\"_ _6\"></span>erage dividend yield acr<span class=\"_ _6\"></span>oss external analys<span class=\"_ _6\"></span>t reports for the quarter </div><div class=\"t m3 hd ff1 fs7 fc3 sc0 ls11 ws2 gs376\">prior to scheme gran<span class=\"_ _6\"></span>t date. </div><span class=\"_ _383\">11.\u2002Share</span><span class=\"_ _1\"></span>-b<span class=\"_ _1\"></span>as<span class=\"_ _1\"></span>ed p<span class=\"_ _1\"></span>ayme<span class=\"_ _1\"></span>nts<span class=\"ff5 lsd4 ws46\"> c<span class=\"_ _1\"></span>ontinued<span class=\"_ _383\"> </span></span>Performance Share Plan<span class=\"_ _383\"> </span>Performance awar<span class=\"_ _6\"></span>ds are typically made annually at the discr<span class=\"_ _6\"></span>etion of the Group R<span class=\"_ _6\"></span>emuneration and People Committee. A<span class=\"_ _6\"></span>war<span class=\"_ _6\"></span>ds are based on a mixture of in<span class=\"_ _6\"></span>ternal \ufb01nancial performance target<span class=\"_ _6\"></span>s, risk<span class=\"_ _8\"></span>-based measures and relativ<span class=\"_ _6\"></span>e TSR<span class=\"_ _6\"></span>. Non-mark<span class=\"_ _6\"></span>et performance conditions exis<span class=\"_ _6\"></span>t for the scheme notably that a participant is employed by the Company at the ves<span class=\"_ _6\"></span>ting date with good leaver e<span class=\"_ _6\"></span>xceptions<span class=\"_ _6\"></span>, and an attrition rate is applied as an es<span class=\"_ _6\"></span>timate of the actual number of a<span class=\"_ _6\"></span>war<span class=\"_ _6\"></span>ds that will meet the related conditions at the ves<span class=\"_ _6\"></span>ting date.<span class=\"_ _383\"> </span>The awar<span class=\"_ _6\"></span>ds are not en<span class=\"_ _6\"></span>titled to a dividend equivalen<span class=\"_ _6\"></span>t between gr<span class=\"_ _6\"></span>ant date and v<span class=\"_ _6\"></span>esting and a Black Scholes model is used to determine the gr<span class=\"_ _8\"></span>ant date fair value with a dividend yield input applied \u2013 base<span class=\"_ _6\"></span>d on the aver<span class=\"_ _6\"></span>age dividend yield across external analys<span class=\"_ _6\"></span>t reports for the quarter prior to the scheme gran<span class=\"_ _6\"></span>t date. The fair value of an op<span class=\"_ _6\"></span>tion that is subject to mark<span class=\"_ _6\"></span>et conditions (the relativ<span class=\"_ _6\"></span>e share price element of the PSP<span class=\"_ _6\"></span>) is determined at gran<span class=\"_ _6\"></span>t date using a Monte Carlo model at the time o<span class=\"_ _6\"></span>f grant.<span class=\"_ _383\"> </span>The inputs into the models ar<span class=\"_ _6\"></span>e as follo<span class=\"_ _6\"></span>ws: <span class=\"_ _61\"> </span><span class=\"ff2 lse ws71\">2022<span class=\"_ _1b4\"> </span><span class=\"ff1\">2021<span class=\"_ _9c\"> </span><span class=\"ls69 ws70\">2020<span class=\"_ _57\"> </span></span>2019<span class=\"_ _1b4\"> </span>2018<span class=\"_ _383\"> </span></span></span>Contractual lif<span class=\"_ _6\"></span>e, year<span class=\"_ _6\"></span>s<span class=\"_ _20b\"> </span><span class=\"ff2 ls86 wsf1\">3<span class=\"_ _1\"></span>\u20137<span class=\"_ _1c2\"> </span></span><span class=\"lsd8 wsd8\">3<span class=\"_ _1\"></span>\u20137<span class=\"_ _63\"> </span>3<span class=\"_ _2\"></span>\u20137<span class=\"_ _35\"> </span></span><span class=\"ls2\">3<span class=\"_ _d9\"> </span>3<span class=\"_ _383\"> </span></span>Mid-mark<span class=\"_ _6\"></span>et share price<span class=\"_ _6\"></span>, \u00a3<span class=\"_ _25f\"> </span><span class=\"ff2 ls6f ws75\">5.58<span class=\"_ _254\"> </span></span><span class=\"ls86 wsf1\">4<span class=\"_ _1\"></span>.9<span class=\"_ _1\"></span>4<span class=\"_ _55\"> </span><span class=\"ls6f ws75\">2.5<span class=\"_ _1\"></span>8<span class=\"_ _254\"> </span></span>3<span class=\"_ _2\"></span>.9<span class=\"_ _1\"></span>6<span class=\"_ _15c\"> </span><span class=\"lsed wsf2\">4<span class=\"_ _1\"></span>.1<span class=\"_ _1\"></span>1<span class=\"_ _383\"> </span></span></span>Attrition r<span class=\"_ _6\"></span>ate, %<span class=\"_ _160\"> </span><span class=\"ff2 lsc5 wsc4\">6.9<span class=\"_ _37\"> </span></span><span class=\"ls12 wsf\">12.<span class=\"_ _1\"></span>8<span class=\"_ _90\"> </span><span class=\"lsc8 wsc8\">7.<span class=\"_ _3\"> </span>3<span class=\"_ _5f\"> </span><span class=\"lsd7 wsd7\">8<span class=\"_ _2\"></span>.4<span class=\"_ _52\"> </span><span class=\"lsf8 wsfd\">9.<span class=\"_ _2\"></span>7<span class=\"_ _383\"> </span></span></span></span></span>Expected volatility, %<span class=\"_ _7e\"> </span><span class=\"ff2 lsc4 wsc3\">3<span class=\"_ _2\"></span>7.<span class=\"_ _1\"></span>4<span class=\"_ _61\"> </span></span><span class=\"lsf8 wsfd\">5<span class=\"_ _2\"></span>9.<span class=\"_ _2\"></span>5<span class=\"_ _9c\"> </span><span class=\"ls86 wsf1\">4<span class=\"_ _1\"></span>3<span class=\"_ _2\"></span>.9<span class=\"_ _55\"> </span><span class=\"ls1e ws43\">26.<span class=\"_ _1\"></span>8<span class=\"_ _57\"> </span></span></span>2<span class=\"_ _2\"></span>9.<span class=\"_ _1\"></span>1<span class=\"_ _383\"> </span></span>Dividend yield, % <span class=\"_ _10d\"> </span><span class=\"ff2 ws6e\">4.7<span class=\"_ _53\"> </span></span><span class=\"lsd3 ws86\">3.8<span class=\"_ _15e\"> </span><span class=\"ls7a wsa1\">5.6<span class=\"_ _5f\"> </span><span class=\"ls88 wse3\">4.7<span class=\"_ _e5\"> </span>4.<span class=\"_ _1\"></span>6<span class=\"_ _383\"> </span></span></span></span>V<span class=\"_ _6\"></span>esting r<span class=\"_ _6\"></span>ate \u2013 T<span class=\"_ _6\"></span>SR % <span class=\"_ _7e\"> </span><span class=\"ff2 ls7d wse2\">32.3<span class=\"_ _96\"> </span></span><span class=\"ls9f wsbc\">40.<span class=\"_ _1\"></span>8<span class=\"_ _9c\"> </span><span class=\"lsc8 wsc8\">2<span class=\"_ _0\"></span>7.<span class=\"_ _0\"></span>8<span class=\"_ _61\"> </span><span class=\"ls86 wsf1\">4<span class=\"_ _1\"></span>4<span class=\"_ _1\"></span>.9<span class=\"_ _55\"> </span><span class=\"ls88 wse3\">5<span class=\"_ _1\"></span>4.0<span class=\"_ _383\"> </span></span></span></span></span>Gran<span class=\"_ _6\"></span>t date fair value<span class=\"_ _6\"></span>, \u00a3<span class=\"_ _260\"> </span><span class=\"ff2 ws6e\">4.64<span class=\"_ _55\"> </span></span><span class=\"ls88 wse3\">4.<span class=\"_ _1\"></span>26<span class=\"_ _55\"> </span></span><span class=\"ws6e\">2.06<span class=\"_ _9c\"> </span><span class=\"lsee wsf3\">3<span class=\"_ _2\"></span>.47<span class=\"_ _37\"> </span><span class=\"lsa wse4\">3<span class=\"_ _2\"></span>.61<span class=\"_ _383\"> </span></span></span></span><span class=\"_ _383\">12.\u2002Inte</span><span class=\"_ _1\"></span>grat<span class=\"_ _1\"></span>ion c<span class=\"_ _1\"></span>ost<span class=\"_ _1\"></span>s 2022<span class=\"_ _383\"> </span>\u00a3m<span class=\"_ _383\"> </span>2021<span class=\"_ _383\"> </span>\u00a3m<span class=\"_ _383\"> </span>Consultant fees<span class=\"_ _261\"> </span><span class=\"ff2 lsc5 wsc4\">4<span class=\"_ _1\"></span>.9<span class=\"_ _e5\"> </span></span><span class=\"ls2\">2.2<span class=\"_ _383\"> </span></span><span class=\"_ _383\">Staff cost</span><span class=\"_ _6\"></span>s<span class=\"_ _262\"> </span><span class=\"ff2 ls7e ws16\">3.0<span class=\"_ _15e\"> </span></span><span class=\"ls2\">2.<span class=\"_ _1\"></span>2<span class=\"_ _383\"> </span></span>Impairment<span class=\"_ _263\"> </span><span class=\"ff2 ls2 ws2\">\u2013<span class=\"_ _53\"> </span></span><span class=\"ls9f wsbc\">0.6</span> <span class=\"_ _247\"> </span><span class=\"ff2 lsc4 wsc3\">7.<span class=\"_ _1\"></span>9<span class=\"_ _8b\"> </span></span><span class=\"ls11 ws6e\">5.0<span class=\"_ _383\"> </span></span>Consultant fees relat<span class=\"_ _6\"></span>e to advice on the Group<span class=\"_ _8\"></span>\u2019<span class=\"_ _6\"></span>s future oper<span class=\"_ _6\"></span>ating structure<span class=\"_ _8\"></span>.<span class=\"_ _383\"> </span><span class=\"_ _383\">Staff cost</span><span class=\"_ _6\"></span>s relate to per<span class=\"_ _6\"></span>sonnel who will leave or hav<span class=\"_ _6\"></span>e left the Group through the tr<span class=\"_ _6\"></span>ansition of operations t<span class=\"_ _6\"></span>o the new oper<span class=\"_ _6\"></span>ating model. Impairment relat<span class=\"_ _6\"></span>es to a property sold during 2021.<span class=\"_ _383\"> </span><span class=\"_ _383\">13.\u2002Exce</span><span class=\"_ _1\"></span>ptio<span class=\"_ _1\"></span>nal ite<span class=\"_ _1\"></span>ms<span class=\"_ _383\"> </span>2022<span class=\"_ _383\"> </span>\u00a3m<span class=\"_ _383\"> </span>2021<span class=\"_ _383\"> </span>\u00a3m<span class=\"_ _383\"> </span>Consultant fees<span class=\"_ _264\"> </span><span class=\"ff2 ls2\">\u2013<span class=\"_ _1cc\"> </span><span class=\"ff1\">\u2013<span class=\"_ _383\"> </span></span></span>Legal and pr<span class=\"_ _6\"></span>ofessional fees<span class=\"_ _265\"> </span><span class=\"ff2 ls2\">\u2013<span class=\"_ _53\"> </span></span><span class=\"ls9f wsbc\">0.2</span> <span class=\"_ _266\"> </span><span class=\"ff2\">\u2013<span class=\"_ _53\"> </span></span><span class=\"ls9f wsbc\">0.2<span class=\"_ _383\"> </span></span>Exceptional items r<span class=\"_ _6\"></span>elate to the insertion of OSBG as the ne<span class=\"_ _6\"></span>w holding company and listed en<span class=\"_ _6\"></span>tity of the Group<span class=\"_ _6\"></span>.<span class=\"_ _383\"> </span><span class=\"_ _383\">14.\u2002T</span><span class=\"_ _8\"></span>axati<span class=\"_ _1\"></span>on<span class=\"_ _383\"> </span>The Group publishes its tax s<span class=\"_ _6\"></span>trate<span class=\"_ _6\"></span>gy on its corporate w<span class=\"_ _6\"></span>ebsite. The t<span class=\"_ _6\"></span>able below sho<span class=\"_ _6\"></span>ws the components of the Gr<span class=\"_ _6\"></span>oup<span class=\"_ _6\"></span>\u2019<span class=\"_ _8\"></span>s tax charge for the ye<span class=\"_ _6\"></span>ar:<span class=\"_ _383\"> </span>2022<span class=\"_ _383\"> </span>\u00a3m<span class=\"_ _383\"> </span>2021<span class=\"_ _383\"> </span>\u00a3m<span class=\"_ _383\"> </span>Corporation tax - curr<span class=\"_ _6\"></span>ent year<span class=\"_ _267\"> </span><span class=\"ff2 lse0 wse0\">141<span class=\"_ _1\"></span>.4<span class=\"_ _3b\"> </span></span><span class=\"ls12 wsf\">128.0<span class=\"_ _383\"> </span></span>Corporation tax - prior year<span class=\"_ _1d8\"> </span><span class=\"ff2 lsc5 wsc4\">(<span class=\"_ _1\"></span>0<span class=\"_ _1\"></span>.9<span class=\"_ _1\"></span>)<span class=\"_ _20e\"> </span></span><span class=\"ls2\">\u2013<span class=\"_ _383\"> </span></span>Deferred t<span class=\"_ _6\"></span>ax - current year<span class=\"_ _268\"> </span><span class=\"ff2 lsc9 wsc9\">(1.<span class=\"_ _1\"></span>2)<span class=\"_ _93\"> </span></span><span class=\"lscc wscd\">(0<span class=\"_ _1\"></span>.<span class=\"_ _1\"></span>2)<span class=\"_ _383\"> </span></span>Deferred t<span class=\"_ _6\"></span>ax - prior year<span class=\"_ _229\"> </span><span class=\"ff2 ls88 wse3\">(0.<span class=\"_ _1\"></span>3)<span class=\"_ _1da\"> </span></span><span class=\"ls2\">\u2013<span class=\"_ _383\"> </span></span>Release of de<span class=\"_ _6\"></span>ferred tax on CCF<span class=\"_ _6\"></span>S Combination<span class=\"_ _383\"> </span>1<span class=\"_ _383\"> </span>(<span class=\"_ _2\"></span>1<span class=\"_ _2\"></span>7.<span class=\"_ _0\"> </span>5<span class=\"_ _0\"> </span>)<span class=\"_ _55\"> </span><span class=\"ff1 ls12 wsf\">(8.5)<span class=\"_ _383\"> </span></span>T<span class=\"_ _8\"></span>otal tax charge<span class=\"_ _22b\"> </span><span class=\"ff2 ls6f ws75\">121.5<span class=\"_ _9d\"> </span></span><span class=\"lsf8 wsfd\">1<span class=\"_ _1\"></span>1<span class=\"_ _2\"></span>9.<span class=\"_ _2\"></span>3<span class=\"_ _383\"> </span></span>1. <span class=\"_ _41\"> </span> <span class=\"_ _23\"></span>R<span class=\"_ _1\"></span>el<span class=\"_ _1\"></span>e<span class=\"_ _1\"></span>as<span class=\"_ _1\"></span>e of de<span class=\"_ _1\"></span>fe<span class=\"_ _1\"></span>rr<span class=\"_ _1\"></span>ed t<span class=\"_ _1\"></span>ax on C<span class=\"_ _1\"></span>CFS C<span class=\"_ _1\"></span>om<span class=\"_ _1\"></span>bi<span class=\"_ _1\"></span>nat<span class=\"_ _1\"></span>io<span class=\"_ _1\"></span>n rel<span class=\"_ _1\"></span>at<span class=\"_ _1\"></span>es to t<span class=\"_ _1\"></span>he un<span class=\"_ _1\"></span>wi<span class=\"_ _1\"></span>nd of t<span class=\"_ _1\"></span>he d<span class=\"_ _1\"></span>efe<span class=\"_ _1\"></span>rr<span class=\"_ _1\"></span>ed t<span class=\"_ _1\"></span>ax li<span class=\"_ _1\"></span>ab<span class=\"_ _1\"></span>ili<span class=\"_ _1\"></span>tie<span class=\"_ _1\"></span>s re<span class=\"_ _1\"></span>co<span class=\"_ _1\"></span>gn<span class=\"_ _1\"></span>is<span class=\"_ _1\"></span>ed o<span class=\"_ _1\"></span>n th<span class=\"_ _1\"></span>e fai<span class=\"_ _1\"></span>r val<span class=\"_ _1\"></span>ue a<span class=\"_ _1\"></span>dju<span class=\"_ _1\"></span>s<span class=\"_ _1\"></span>tme<span class=\"_ _1\"></span>nt<span class=\"_ _1\"></span>s of th<span class=\"_ _1\"></span>e CC<span class=\"_ _1\"></span>FS as<span class=\"_ _1\"></span>se<span class=\"_ _1\"></span>ts a<span class=\"_ _1\"></span>nd lia<span class=\"_ _1\"></span>bil<span class=\"_ _1\"></span>iti<span class=\"_ _1\"></span>es a<span class=\"_ _1\"></span>t the a<span class=\"_ _1\"></span>cq<span class=\"_ _1\"></span>ui<span class=\"_ _1\"></span>sit<span class=\"_ _1\"></span>ion d<span class=\"_ _1\"></span>at<span class=\"_ _1\"></span>e \u00a3(12.8)<span class=\"_ _1\"></span>m (2021: \u00a3<span class=\"_ _1\"></span>(14.1)m) and th<span class=\"_ _1\"></span>e imp<span class=\"_ _1\"></span>ac<span class=\"_ _1\"></span>t of th<span class=\"_ _1\"></span>e b<span class=\"_ _1\"></span>ank s<span class=\"_ _1\"></span>ur<span class=\"_ _1\"></span>ch<span class=\"_ _1\"></span>arg<span class=\"_ _1\"></span>e de<span class=\"_ _1\"></span>cr<span class=\"_ _1\"></span>e<span class=\"_ _1\"></span>as<span class=\"_ _1\"></span>e on th<span class=\"_ _1\"></span>es<span class=\"_ _1\"></span>e d<span class=\"_ _1\"></span>efe<span class=\"_ _1\"></span>rr<span class=\"_ _1\"></span>ed t<span class=\"_ _1\"></span>ax li<span class=\"_ _1\"></span>ab<span class=\"_ _1\"></span>ilit<span class=\"_ _1\"></span>ie<span class=\"_ _1\"></span>s \u00a3(<span class=\"_ _1\"></span>4.7<span class=\"_ _1\"></span>)<span class=\"_ _1\"></span>m (2021: th<span class=\"_ _1\"></span>e im<span class=\"_ _1\"></span>pa<span class=\"_ _1\"></span>ct o<span class=\"_ _1\"></span>f the c<span class=\"_ _1\"></span>or<span class=\"_ _1\"></span>po<span class=\"_ _1\"></span>ra<span class=\"_ _1\"></span>tio<span class=\"_ _1\"></span>n tax r<span class=\"_ _1\"></span>ate i<span class=\"_ _1\"></span>nc<span class=\"_ _1\"></span>re<span class=\"_ _1\"></span>as<span class=\"_ _1\"></span>e \u00a35.<span class=\"_ _1\"></span>6m)<span class=\"_ _383\"> </span>.<div class=\"t m0 hd ff1 fs7 fc3 sc0 ls11 ws2 gs3a4\">The charge for t<span class=\"_ _6\"></span>axation on the Group<span class=\"_ _8\"></span>\u2019<span class=\"_ _8\"></span>s pro\ufb01t befor<span class=\"_ _6\"></span><span class=\"_ _383\">e taxation differ</span><span class=\"_ _6\"></span>s from the char<span class=\"_ _6\"></span>ge based on the standar<span class=\"_ _6\"></span>d rate o<span class=\"_ _6\"></span>f UK Corporation T<span class=\"_ _1f6\"></span>ax of 19% </div><div class=\"t m0 hd ff1 fs7 fc3 sc0 ls11 ws2 gs3a5\">(2021: 19%) as f<span class=\"_ _6\"></span>ollows:<span class=\"_ _383\"> </span></div><div class=\"t m0 h3a ff2 fs5 fc3 sc0 lse ws71 gs3a6\">2022<span class=\"_ _383\"> </span></div><div class=\"t m0 h3a ff2 fs5 fc3 sc0 lse ws71 gs3a7\">\u00a3m<span class=\"_ _383\"> </span></div><div class=\"t m0 h8 ff1 fs5 fc3 sc0 lse ws71 gs3a8\">2021<span class=\"_ _383\"> </span></div><div class=\"t m0 h8 ff1 fs5 fc3 sc0 lse ws71 gs3a9\">\u00a3m<span class=\"_ _383\"> </span></div><div class=\"t m0 hd ff1 fs7 fc3 sc0 ls11 ws2 gs3aa\">Pro\ufb01t be<span class=\"_ _6\"></span>fore tax<span class=\"_ _6\"></span>ation<span class=\"_ _269\"> </span><span class=\"ff2 ls14 ws11\">531.5<span class=\"_ _5a\"> </span></span><span class=\"ls88 wse3\">4<span class=\"_ _1\"></span>64.<span class=\"_ _1\"></span>6<span class=\"_ _383\"> </span></span></div><div class=\"t m0 hd ff1 fs7 fc3 sc0 ls11 ws2 gs3ab\">Pro\ufb01t multiplied by the s<span class=\"_ _6\"></span>tandard r<span class=\"_ _8\"></span>ate of UK Corporation T<span class=\"_ _8\"></span>ax (19%)<span class=\"_ _26a\"> </span><span class=\"ff2 ls2\">101.0 <span class=\"_ _e8\"> </span></span><span class=\"ls2c ws29\">88.3<span class=\"_ _383\"> </span></span></div><div class=\"t m0 hd ff1 fs7 fc3 sc0 ls11 ws2 gs3ac\">Bank surchar<span class=\"_ _6\"></span>ge</div><div class=\"t m0 h1f ff1 fsf fc3 sc0 ls2 ws2 gs3ad\">1<span class=\"_ _383\"> </span></div><div class=\"t m0 hd ff2 fs7 fc3 sc0 ls11 ws6e gs3ae\">30.<span class=\"_ _1\"></span>2 <span class=\"_ _96\"> </span><span class=\"ff1 lsc8 wsc8\">2<span class=\"_ _0\"></span>7.<span class=\"_ _0\"></span>7<span class=\"_ _383\"> </span></span></div><div class=\"t m0 hc ff2 fs7 fc3 sc0 ls11 ws2 gs3af\">T<span class=\"_ _8\"></span><span class=\"_ _383\">axation effects of:</span><span class=\"_ _26b\"> </span><span class=\"ls2\"> </span></div><div class=\"t m0 hd ff1 fs7 fc3 sc0 ls11 ws2 gs3b0\">Expenses not deductible for tax<span class=\"_ _6\"></span>ation purposes<span class=\"_ _2b\"> </span><span class=\"ff2 ws6e\">0.5 <span class=\"_ _b2\"> </span></span><span class=\"ls9f wsbc\">0.7<span class=\"_ _383\"> </span></span></div><div class=\"t m0 hd ff1 fs7 fc3 sc0 ls11 ws2 gs3b1\">Securitisation pro\ufb01ts not tax<span class=\"_ _6\"></span>able<span class=\"_ _26c\"> </span><span class=\"ff2 ls1c wsb5\">(2<span class=\"_ _1\"></span>.<span class=\"_ _1\"></span>2)<span class=\"_ _1da\"> </span></span><span class=\"ls2\">\u2013<span class=\"_ _383\"> </span></span></div><div class=\"t m0 hd ff1 fs7 fc3 sc0 ls11 ws2 gs3b2\">Impact of def<span class=\"_ _6\"></span>erred tax r<span class=\"_ _6\"></span>ate change</div><div class=\"t m0 h1f ff1 fsf fc3 sc0 ls2 ws2 gs3b3\">2<span class=\"_ _383\"> </span></div><div class=\"t m0 hd ff2 fs7 fc3 sc0 lsc3 wsc2 gs3b4\">(<span class=\"_ _1\"></span>5<span class=\"_ _2\"></span>.1<span class=\"_ _1\"></span>)<span class=\"_ _37\"> </span><span class=\"ff1 ls7a wsa1\">5.2<span class=\"_ _383\"> </span></span></div><div class=\"t m0 hd ff1 fs7 fc3 sc0 ls11 ws2 gs3b5\">Adjustmen<span class=\"_ _6\"></span>ts in respect of earlier year<span class=\"_ _6\"></span>s<span class=\"_ _26d\"> </span><span class=\"ff2 lsc9 wsc9\">(1.<span class=\"_ _1\"></span>2)<span class=\"_ _1da\"> </span></span><span class=\"ls2\">\u2013<span class=\"_ _383\"> </span></span></div><div class=\"t m0 hd ff1 fs7 fc3 sc0 ls11 ws2 gs3b6\">T<span class=\"_ _8\"></span>ax adjustments in r<span class=\"_ _6\"></span>espect of share-based paymen<span class=\"_ _6\"></span>ts<span class=\"_ _26e\"> </span><span class=\"ff2 ls2\">\u2013<span class=\"_ _52\"> </span></span><span class=\"ls9f wsbc\">1.2<span class=\"_ _383\"> </span></span></div><div class=\"t m0 hd ff1 fs7 fc3 sc0 ls11 ws2 gs3b7\">T<span class=\"_ _8\"></span>ax on coupon paid on A<span class=\"_ _8\"></span>T1 se<span class=\"_ _1\"></span>curities<span class=\"_ _1f2\"> </span><span class=\"ff2 ls87 wsc6\">(1.7<span class=\"_ _2\"></span>)<span class=\"_ _1da\"> </span></span><span class=\"ls2\">\u2013<span class=\"_ _383\"> </span></span></div><div class=\"t m0 hd ff1 fs7 fc3 sc0 ls11 ws2 gs3b8\">T<span class=\"_ _8\"></span>ax on coupon paid on non-controlling inter<span class=\"_ _6\"></span>est securities<span class=\"_ _26f\"> </span><span class=\"ff2 ls2\">\u2013<span class=\"_ _37\"> </span></span><span class=\"lsc7 ws7f\">(2<span class=\"_ _1\"></span>.5<span class=\"_ _1\"></span>)<span class=\"_ _383\"> </span></span></div><div class=\"t m0 hd ff1 fs7 fc3 sc0 ls11 ws2 gs3b9\"><span class=\"_ _383\">Timing differ</span><span class=\"_ _6\"></span>ences on capital items<span class=\"_ _270\"> </span><span class=\"ff2 ls2\">\u2013<span class=\"_ _1c2\"> </span></span><span class=\"ls12 wsf\">(<span class=\"_ _1\"></span>1.3)<span class=\"_ _383\"> </span></span></div><div class=\"t m0 hd ff1 fs7 fc3 sc0 ls11 ws2 gs3ba\">T<span class=\"_ _8\"></span>otal tax charge<span class=\"_ _22b\"> </span><span class=\"ff2 ls6f ws75\">121.5<span class=\"_ _9d\"> </span></span><span class=\"lsf8 wsfd\">1<span class=\"_ _1\"></span>1<span class=\"_ _2\"></span>9.<span class=\"_ _2\"></span>3<span class=\"_ _383\"> </span></span></div><div class=\"t m0 h8 ff1 fs5 fc3 sc0 ls2 ws2 gs3bb\">1. <span class=\"_ _41\"> </span>Tax char<span class=\"_ _1\"></span>ge f<span class=\"_ _1\"></span>or th<span class=\"_ _1\"></span>e t<span class=\"_ _1\"></span>wo b<span class=\"_ _1\"></span>ank<span class=\"_ _1\"></span>ing e<span class=\"_ _1\"></span>nti<span class=\"_ _1\"></span>tie<span class=\"_ _1\"></span>s of \u00a3<span class=\"_ _1\"></span>34.<span class=\"_ _1\"></span>3m (202<span class=\"_ _1\"></span>1: \u00a33<span class=\"_ _1\"></span>1.9m<span class=\"_ _6\"></span><span class=\"_ _383\">) off</span><span class=\"_ _1\"></span>set b<span class=\"_ _1\"></span>y th<span class=\"_ _1\"></span>e tax i<span class=\"_ _1\"></span>mp<span class=\"_ _1\"></span>ac<span class=\"_ _1\"></span>t of un<span class=\"_ _1\"></span>wi<span class=\"_ _1\"></span>ndi<span class=\"_ _1\"></span>ng C<span class=\"_ _1\"></span>CFS C<span class=\"_ _1\"></span>om<span class=\"_ _1\"></span>bin<span class=\"_ _1\"></span>ati<span class=\"_ _1\"></span>on i<span class=\"_ _1\"></span>tem<span class=\"_ _1\"></span>s of \u00a3<span class=\"_ _1\"></span>4.1m (2021: \u00a34.2<span class=\"_ _1\"></span>m). </div><div class=\"t m0 h8 ff1 fs5 fc3 sc0 ls2 ws2 gs3bc\">2. <span class=\"_ _34\"> </span>D<span class=\"_ _1\"></span>ue to c<span class=\"_ _1\"></span>ha<span class=\"_ _1\"></span>ng<span class=\"_ _1\"></span>e in b<span class=\"_ _1\"></span>ank s<span class=\"_ _1\"></span>ur<span class=\"_ _1\"></span>ch<span class=\"_ _1\"></span>arg<span class=\"_ _1\"></span>e rat<span class=\"_ _1\"></span>e fro<span class=\"_ _1\"></span>m 8% t<span class=\"_ _1\"></span>o 3% o<span class=\"_ _1\"></span>n 1 Ap<span class=\"_ _1\"></span>ril 20<span class=\"_ _1\"></span>23 (2021: d<span class=\"_ _1\"></span>ue to c<span class=\"_ _1\"></span>ha<span class=\"_ _1\"></span>ng<span class=\"_ _1\"></span>e in c<span class=\"_ _1\"></span>or<span class=\"_ _1\"></span>po<span class=\"_ _1\"></span>rat<span class=\"_ _1\"></span>ion t<span class=\"_ _1\"></span>ax ra<span class=\"_ _1\"></span>te fr<span class=\"_ _1\"></span>om 19<span class=\"_ _1\"></span>% to 25% o<span class=\"_ _1\"></span>n 1 Ap<span class=\"_ _1\"></span>ri<span class=\"_ _1\"></span>l 2023). </div><div class=\"t m0 hc ff2 fs7 fc3 sc0 ls2 ws2 gs3bd\">Fact<span class=\"_ _1\"></span><span class=\"_ _383\">ors aff</span><span class=\"_ _1\"></span>ec<span class=\"_ _1\"></span>ting t<span class=\"_ _1\"></span>ax char<span class=\"_ _1\"></span>ge fo<span class=\"_ _1\"></span>r th<span class=\"_ _1\"></span>e yea<span class=\"_ _1\"></span>r<span class=\"_ _383\"> </span></div><div class=\"t m0 hd ff1 fs7 fc3 sc0 ls11 ws2 gs3be\"><span class=\"_ _383\">The effectiv</span><span class=\"_ _6\"></span>e tax rate f<span class=\"_ _6\"></span>or the year ended 31 December 2022, ex<span class=\"_ _6\"></span>cluding the impact of adjus<span class=\"_ _6\"></span>tments in respect o<span class=\"_ _6\"></span>f earlier years and the def<span class=\"_ _6\"></span>erred tax </div><div class=\"t m0 hd ff1 fs7 fc3 sc0 ls11 ws2 gs3bf\">rate change<span class=\"_ _6\"></span>, was 24<span class=\"_ _8\"></span>.0% (<span class=\"_ _6\"></span>2021: 24<span class=\"_ _8\"></span>.6%).<span class=\"_ _383\"> </span></div><div class=\"t m0 hd ff1 fs7 fc3 sc0 ls11 ws2 gs3c0\">The \u00a3(4<span class=\"_ _6\"></span>.7)m credit (2021: \u00a35<span class=\"_ _6\"></span>.2m char<span class=\"_ _6\"></span>ge) impact of the de<span class=\"_ _6\"></span>ferred t<span class=\"_ _6\"></span>ax rate change r<span class=\"_ _6\"></span>elates predominantly t<span class=\"_ _6\"></span>o the deferr<span class=\"_ _6\"></span>ed tax liability from the CCFS </div><div class=\"t m0 hd ff1 fs7 fc3 sc0 ls11 ws2 gs3c1\">combination (see note 28 and 38).<span class=\"_ _383\"> </span></div><div class=\"t m0 hd ff1 fs7 fc3 sc0 ls11 ws2 gs3c2\">A tax charge o<span class=\"_ _6\"></span>f nil (comprising a def<span class=\"_ _6\"></span>erred tax debit of \u00a3<span class=\"_ _6\"></span>0.<span class=\"_ _9\"></span>9m and current tax credit o<span class=\"_ _6\"></span>f \u00a30.<span class=\"_ _9\"></span>9m) (2021: credit o<span class=\"_ _6\"></span>f \u00a31.6m) has been recognised directly </div><div class=\"t m0 hd ff1 fs7 fc3 sc0 ls11 ws2 gs3c3\">within equity relating to the Gr<span class=\"_ _6\"></span>oup<span class=\"_ _6\"></span>\u2019<span class=\"_ _8\"></span>s share-based payment schemes<span class=\"_ _6\"></span>.<span class=\"_ _383\"> </span></div><div class=\"t m0 hd ff1 fs7 fc3 sc0 ls11 ws2 gs3c4\">A tax credit o<span class=\"_ _6\"></span>f \u00a30.<span class=\"_ _8\"></span>1m (2021: cr<span class=\"_ _6\"></span>edit of \u00a30<span class=\"_ _8\"></span>.5m) has been recognised within OCI relating to in<span class=\"_ _6\"></span>ves<span class=\"_ _6\"></span>tment securities classi\ufb01ed as FV<span class=\"_ _6\"></span>OCI.<span class=\"_ _383\"> </span></div><div class=\"t m0 hc ff2 fs7 fc3 sc0 ls2 ws2 gs3c5\">Fact<span class=\"_ _1\"></span>ors t<span class=\"_ _1\"></span>hat may a<span class=\"_ _1\"></span><span class=\"_ _383\">ffe</span><span class=\"_ _1\"></span>ct futu<span class=\"_ _1\"></span>re tax c<span class=\"_ _1\"></span>harg<span class=\"_ _1\"></span>es<span class=\"_ _383\"> </span></div><div class=\"t m0 hd ff1 fs7 fc3 sc0 ls11 ws2 gs3c6\">On 24 May 2021, the go<span class=\"_ _6\"></span>vernment subs<span class=\"_ _6\"></span>tantiv<span class=\"_ _6\"></span>ely enacted legislation to incr<span class=\"_ _6\"></span>ease the corporation tax r<span class=\"_ _6\"></span>ate from 19% to 2<span class=\"_ _6\"></span>5% from 1 April 2<span class=\"_ _6\"></span>023. </div><div class=\"t m0 hd ff1 fs7 fc3 sc0 ls11 ws2 gs3c7\">Further<span class=\"_ _8\"></span>, on 24 February 2022, the governmen<span class=\"_ _6\"></span>t substan<span class=\"_ _6\"></span>tively enacted legislation t<span class=\"_ _6\"></span>o decrease the bank surchar<span class=\"_ _6\"></span>ge rate fr<span class=\"_ _6\"></span>om 8% to 3% from 1 April </div><div class=\"t m0 hd ff1 fs7 fc3 sc0 ls11 ws2 gs3c8\">2023<span class=\"_ _6\"></span>, together with an increase in the sur<span class=\"_ _6\"></span>charge annual allo<span class=\"_ _6\"></span>wance (the le<span class=\"_ _6\"></span>vel o<span class=\"_ _6\"></span>f taxable pro<span class=\"_ _6\"></span>\ufb01ts abov<span class=\"_ _6\"></span>e which are subject to the sur<span class=\"_ _6\"></span>charge<span class=\"_ _6\"></span>) from </div><div class=\"t m0 hd ff1 fs7 fc3 sc0 ls11 ws2 gs3c9\">\u00a325m to \u00a3100m. </div><div class=\"t m0 hd ff1 fs7 fc3 sc0 ls11 ws2 gs3ca\">In September 2022, the go<span class=\"_ _6\"></span>vernmen<span class=\"_ _6\"></span>t announced that the above changes w<span class=\"_ _8\"></span>ould be canc<span class=\"_ _1\"></span>elled, but then in October 2022 announced that the </div><div class=\"t m0 hd ff1 fs7 fc3 sc0 ls11 ws2 gs3cb\">changes would go ahead as enact<span class=\"_ _6\"></span>ed. </div><div class=\"t m0 hd ff1 fs7 fc3 sc0 ls11 ws2 gs3cc\">Deferred t<span class=\"_ _6\"></span>ax expected to un<span class=\"_ _6\"></span>wind after 1 April 2023 is recognised for en<span class=\"_ _6\"></span>tities that incur the bank surchar<span class=\"_ _6\"></span>ge at 28% (2021: 33%).<span class=\"_ _383\"> </span></div><div class=\"t m0 hc ff2 fs7 fc2 sc0 ls2 ws2 gs3cd\"><span class=\"_ _383\">15.\u2002Earning</span><span class=\"_ _1\"></span>s pe<span class=\"_ _1\"></span>r shar<span class=\"_ _1\"></span>e<span class=\"_ _383\"> </span></div><div class=\"t m0 hd ff1 fs7 fc3 sc0 ls11 ws2 gs3ce\">EPS is based on the pro\ufb01t f<span class=\"_ _6\"></span>or the year and the weigh<span class=\"_ _6\"></span>ted aver<span class=\"_ _6\"></span>age number of or<span class=\"_ _6\"></span>dinary shares in issue. Basic EPS ar<span class=\"_ _6\"></span>e calculated by dividing pr<span class=\"_ _6\"></span>o\ufb01t </div><div class=\"t m0 hd ff1 fs7 fc3 sc0 ls11 ws2 gs3cf\">attributable to or<span class=\"_ _6\"></span>dinary shareholders by the w<span class=\"_ _6\"></span>eighted av<span class=\"_ _6\"></span>erage number o<span class=\"_ _6\"></span>f ordinary shares in issue during the ye<span class=\"_ _6\"></span>ar<span class=\"_ _8\"></span>. Diluted EPS tak<span class=\"_ _6\"></span>e into account </div><div class=\"t m0 hd ff1 fs7 fc3 sc0 ls11 ws2 gs3d0\">share options and aw<span class=\"_ _6\"></span>ards which can be con<span class=\"_ _6\"></span>verted to or<span class=\"_ _6\"></span>dinary shares<span class=\"_ _6\"></span>. </div><div class=\"t m0 hd ff1 fs7 fc3 sc0 ls11 ws2 gs3d1\">For the purpose of calculating EPS<span class=\"_ _6\"></span>, pro\ufb01t attributable t<span class=\"_ _6\"></span>o ordinary shareholder<span class=\"_ _6\"></span>s is arrived at by adjus<span class=\"_ _6\"></span>ting pro\ufb01t f<span class=\"_ _6\"></span>or the year for the coupon on </div><div class=\"t m0 hd ff1 fs7 fc3 sc0 ls11 ws2 gs3d2\">securities classi\ufb01ed as equity:<span class=\"_ _383\"> </span></div><div class=\"t m0 h3a ff2 fs5 fc3 sc0 lse ws71 gs3d3\">2022<span class=\"_ _383\"> </span></div><div class=\"t m0 h3a ff2 fs5 fc3 sc0 lse ws71 gs3d4\">\u00a3m<span class=\"_ _383\"> </span></div><div class=\"t m0 h8 ff1 fs5 fc3 sc0 lse ws71 gs3d5\">2021<span class=\"_ _383\"> </span></div><div class=\"t m0 h8 ff1 fs5 fc3 sc0 lse ws71 gs3d6\">\u00a3m<span class=\"_ _383\"> </span></div><div class=\"t m0 hd ff2 fs7 fc3 sc0 ls11 ws2 gs3d7\">Statutory pro\ufb01t after tax<span class=\"_ _271\"> </span><span class=\"lse0 wse0\">410<span class=\"_ _1\"></span>.<span class=\"_ _1\"></span>0<span class=\"_ _5a\"> </span><span class=\"ff1 ls79 wse8\">3<span class=\"_ _1\"></span>45.3<span class=\"_ _383\"> </span></span></span></div><div class=\"t m0 hd ff1 fs7 fc3 sc0 ls11 ws2 gs3d8\">Less: Coupon on non-contr<span class=\"_ _6\"></span>olling interes<span class=\"_ _6\"></span>t securities classi\ufb01ed as equity<span class=\"_ _272\"> </span><span class=\"ff2 ls2\">\u2013<span class=\"_ _37\"> </span></span><span class=\"ls88 wse3\">(<span class=\"_ _1\"></span>4.7<span class=\"_ _2\"></span>)<span class=\"_ _383\"> </span></span></div><div class=\"t m0 hd ff1 fs7 fc3 sc0 ls11 ws2 gs3d9\">Less: Coupon on A<span class=\"_ _1f6\"></span>T1 se<span class=\"_ _1\"></span>curities classi\ufb01ed as equity<span class=\"_ _273\"> </span><span class=\"ff2 lsc6 wsc5\">(<span class=\"_ _1\"></span>9.<span class=\"_ _1\"></span>0<span class=\"_ _2\"></span>)<span class=\"_ _20e\"> </span></span><span class=\"ls2\">\u2013<span class=\"_ _383\"> </span></span></div><div class=\"t m0 hd ff2 fs7 fc3 sc0 ls11 ws2 gs3da\">Statutory pro\ufb01t attributable to ordinary shar<span class=\"_ _6\"></span>eholders<span class=\"_ _15d\"> </span><span class=\"ls7e ws16\">401.0<span class=\"_ _a9\"> </span><span class=\"ff1 ls9f wsbc\">340.<span class=\"_ _1\"></span>6<span class=\"_ _383\"> </span></span></span></div><div class=\"t m0 hc ff2 fs7 fc2 sc0 ls2 ws2 gs3dc\"><span class=\"_ _383\">15.\u2002Earning</span><span class=\"_ _1\"></span>s pe<span class=\"_ _1\"></span>r shar<span class=\"_ _1\"></span>e<span class=\"ff5 lsd4 ws46\"> continue<span class=\"_ _1\"></span>d</span></div><div class=\"t m0 h8 ff1 fs5 fc3 sc0 ls2 ws2 gs3dd\"> <span class=\"_ _61\"> </span><span class=\"ff2 lse ws71\">2022<span class=\"_ _1b4\"> </span><span class=\"ff1\">2021<span class=\"_ _383\"> </span></span></span></div><div class=\"t m0 hc ff2 fs7 fc3 sc0 ls11 ws2 gs3de\">W<span class=\"_ _8\"></span>eighted average number of shar<span class=\"_ _6\"></span>es, millions<span class=\"_ _274\"> </span><span class=\"ls2\"> </span></div><div class=\"t m0 hd ff1 fs7 fc3 sc0 ls11 ws6e gs3df\">Basic<span class=\"_ _275\"> </span><span class=\"ff2 ls14 ws11\">441.5<span class=\"_ _3d\"> </span></span><span class=\"ls2c ws29\">448.1<span class=\"_ _383\"> </span></span></div><div class=\"t m0 hd ff1 fs7 fc3 sc0 ls11 ws2 gs3e0\">Dilutive impact o<span class=\"_ _6\"></span>f share-based payment schemes<span class=\"_ _1de\"> </span><span class=\"ff2 lsc3 wsc2\">5<span class=\"_ _1\"></span>.1<span class=\"_ _8b\"> </span></span><span class=\"ls88 wse3\">4.<span class=\"_ _1\"></span>6<span class=\"_ _383\"> </span></span></div><div class=\"t m0 hd ff1 fs7 fc3 sc0 ls11 ws6e gs3e1\">Diluted<span class=\"_ _276\"> </span><span class=\"ff2 ls14 ws11\">446.6<span class=\"_ _3e\"> </span></span><span class=\"ls7e ws16\">452.7<span class=\"_ _383\"> </span></span></div><div class=\"t m0 hc ff2 fs7 fc3 sc0 ls11 ws2 gs3e2\">Earnings per share, pence per share<span class=\"_ _5b\"> </span><span class=\"ls2\"> </span></div><div class=\"t m0 hd ff1 fs7 fc3 sc0 ls11 ws6e gs3e3\">Basic<span class=\"_ _277\"> </span><span class=\"ff2\">90.8<span class=\"_ _4f\"> </span></span><span class=\"lsd5 wsd5\">76<span class=\"_ _2\"></span>.<span class=\"_ _1\"></span>0<span class=\"_ _383\"> </span></span></div><div class=\"t m0 hd ff1 fs7 fc3 sc0 ls11 ws6e gs3e4\">Diluted<span class=\"_ _227\"> </span><span class=\"ff2 lsc6 wsc5\">8<span class=\"_ _2\"></span>9.<span class=\"_ _2\"></span>8<span class=\"_ _254\"> </span></span><span class=\"ls7a wsa1\">75.<span class=\"_ _1\"></span>2<span class=\"_ _383\"> </span></span></div><div class=\"t m0 hc ff2 fs7 fc2 sc0 ls2 ws2 gs3e5\"><span class=\"_ _383\">16.\u2002Divi</span><span class=\"_ _1\"></span>den<span class=\"_ _1\"></span>ds<span class=\"_ _383\"> </span></div><div class=\"t m0 h8 ff2 fs5 fc3 sc0 lse ws71 gs3e6\">2022<span class=\"_ _a0\"> </span><span class=\"ff1\">2021<span class=\"_ _383\"> </span></span></div><div class=\"t m0 h3a ff2 fs5 fc3 sc0 lse ws71 gs3e7\">\u00a3m<span class=\"_ _383\"> </span></div><div class=\"t m0 h3a ff2 fs5 fc3 sc0 lse ws2 gs3e8\">Pence per </div><div class=\"t m0 h8 ff2 fs5 fc3 sc0 lse ws71 gs3e9\">share<span class=\"_ _5e\"> </span><span class=\"ff1\">\u00a3m<span class=\"_ _383\"> </span></span></div><div class=\"t m0 h8 ff1 fs5 fc3 sc0 lse ws2 gs3ea\">Pence per </div><div class=\"t m0 h8 ff1 fs5 fc3 sc0 lse ws71 gs3eb\">share<span class=\"_ _383\"> </span></div><div class=\"t m0 hd ff1 fs7 fc3 sc0 ls11 ws2 gs3ec\">Final dividend for the prior year<span class=\"_ _204\"> </span><span class=\"ff2 ws6e\">94.<span class=\"_ _1\"></span>8<span class=\"_ _37\"> </span><span class=\"lsc3 wsc2\">2<span class=\"_ _2\"></span>1<span class=\"_ _1\"></span>.1<span class=\"_ _254\"> </span></span></span><span class=\"ls88 wse3\">64.8<span class=\"_ _37\"> </span>14.<span class=\"_ _1\"></span>5<span class=\"_ _383\"> </span></span></div><div class=\"t m0 hd ff1 fs7 fc3 sc0 ls11 ws2 gs3ed\">Interim dividend for the curr<span class=\"_ _6\"></span>ent year<span class=\"_ _20b\"> </span><span class=\"ff2 ls73 ws7a\">38.3<span class=\"_ _15c\"> </span><span class=\"lscd wsce\">8.7<span class=\"_ _37\"> </span></span></span><span class=\"ls86 wsf1\">2<span class=\"_ _2\"></span>1<span class=\"_ _1\"></span>.9<span class=\"_ _90\"> </span>4.9</span></div><div class=\"t m0 hd ff1 fs7 fc3 sc0 ls2 ws2 gs3ee\"> <span class=\"_ _278\"> </span><span class=\"ff2 lsc3 wsc2\">1<span class=\"_ _1\"></span>3<span class=\"_ _2\"></span>3<span class=\"_ _1\"></span>.1<span class=\"_ _111\"> </span></span><span class=\"ff2\"> <span class=\"_ _37\"> </span></span><span class=\"lse3 wse7\">86.7<span class=\"_ _118\"> </span></span> </div><div class=\"t m0 hd ff1 fs7 fc3 sc0 ls11 ws2 gs3ef\">The Director<span class=\"_ _6\"></span>s recommend a \ufb01nal dividend of \u00a3<span><span class=\"gs3f0\" id=\"__191\">93. 7</span></span><span class=\"_ _8\"></span>m, <span>21.8</span> pence per share (2<span class=\"_ _6\"></span>021: \u00a3<span><span class=\"gs3f0\" id=\"__192\">94 .8</span></span>m, <span><span class=\"gs3f1\" id=\"__193\">21. 1</span> </span>pence per share) payable on 17 May 202<span class=\"_ _6\"></span>3 with an </div><div class=\"t m0 hd ff1 fs7 fc3 sc0 ls11 ws2 gs3f2\">ex<span class=\"_ _8\"></span>-dividend date of 23 March 2023 and a r<span class=\"_ _6\"></span>ecord date of 24 Mar<span class=\"_ _6\"></span>ch 2023<span class=\"_ _6\"></span>. This dividend is not re\ufb02ect<span class=\"_ _6\"></span>ed in these \ufb01nancial statemen<span class=\"_ _6\"></span>ts as subject to </div><div class=\"t m0 hd ff1 fs7 fc3 sc0 ls11 ws2 gs3f3\">appro<span class=\"_ _6\"></span>val by shareholder<span class=\"_ _6\"></span>s at the AGM on 11 May 2<span class=\"_ _6\"></span>023. </div><div class=\"t m0 hd ff1 fs7 fc3 sc0 ls11 ws2 gs3f4\">The Director<span class=\"_ _6\"></span>s have also announced a special dividend of \u00a350<span class=\"_ _6\"></span>.3m, 11.7 pence per shar<span class=\"_ _6\"></span>e (2021: nil) payable on 17 May 2<span class=\"_ _6\"></span>023 with an ex<span class=\"_ _8\"></span>-dividend<span class=\"_ _1\"></span> </div><div class=\"t m0 hd ff1 fs7 fc3 sc0 ls11 ws2 gs3f5\">date of 23 Mar<span class=\"_ _6\"></span>ch 2023 and a recor<span class=\"_ _6\"></span>d date of 24 March 2<span class=\"_ _6\"></span>023.<span class=\"_ _383\"> </span></div><div class=\"t m0 hd ff1 fs7 fc3 sc0 ls11 ws2 gs3f6\">If the \ufb01nal dividend is appro<span class=\"_ _6\"></span>ved, this will mak<span class=\"_ _8\"></span>e up the total dividend for 2022 o<span class=\"_ _6\"></span>f \u00a3182.0m, 42.2 pence per shar<span class=\"_ _6\"></span>e (2021: \u00a3116<span class=\"_ _6\"></span>.6m, 26<span class=\"_ _8\"></span>.0 pence per </div><div class=\"t m0 hd ff1 fs7 fc3 sc0 ls11 ws6e gs3f7\">share<span class=\"_ _6\"></span>).<span class=\"_ _383\"> </span></div><div class=\"t m0 hd ff1 fs7 fc3 sc0 ls11 ws2 gs3f8\">A summary of the Company\u2019<span class=\"_ _1f6\"></span>s distributable reserves is sho<span class=\"_ _6\"></span>wn below:<span class=\"_ _383\"> </span></div><div class=\"t m0 h3a ff2 fs5 fc3 sc0 lse ws71 gs3f9\">2022<span class=\"_ _383\"> </span></div><div class=\"t m0 h3a ff2 fs5 fc3 sc0 lse ws71 gs3fa\">\u00a3m<span class=\"_ _383\"> </span></div><div class=\"t m0 h8 ff1 fs5 fc3 sc0 lse ws71 gs3fb\">2021<span class=\"_ _383\"> </span></div><div class=\"t m0 h8 ff1 fs5 fc3 sc0 lse ws71 gs3fc\">\u00a3m<span class=\"_ _383\"> </span></div><div class=\"t m0 hd ff1 fs7 fc3 sc0 ls11 ws2 gs3fd\">Retained earnings<span class=\"_ _1eb\"> </span><span class=\"ff2 lsc6 wsc5\">1<span class=\"_ _2\"></span>,<span class=\"_ _2\"></span>3<span class=\"_ _2\"></span>5<span class=\"_ _1\"></span>9.<span class=\"_ _2\"></span>3<span class=\"_ _76\"> </span></span><span class=\"ls2c ws29\">1,358.<span class=\"_ _6\"></span>4<span class=\"_ _383\"> </span></span></div><div class=\"t m0 hd ff1 fs7 fc3 sc0 ls11 ws2 gs3fe\">Own shares</div><div class=\"t m0 h1f ff1 fsf fc3 sc0 ls2 ws2 gs3ff\">1<span class=\"_ _383\"> </span></div><div class=\"t m0 hd ff2 fs7 fc3 sc0 ls1c wsb5 gs400\">(2<span class=\"_ _1\"></span>.<span class=\"_ _1\"></span>2)<span class=\"_ _9d\"> </span><span class=\"ff1 lscc wscd\">(3<span class=\"_ _1\"></span>.5<span class=\"_ _1\"></span>)<span class=\"_ _383\"> </span></span></div><div class=\"t m0 hd ff2 fs7 fc3 sc0 ls11 ws2 gs401\">Distributable reserves<span class=\"_ _51\"> </span><span class=\"lsc4 wsc3\">1<span class=\"_ _0\"></span>,<span class=\"_ _0\"></span>3<span class=\"_ _0\"></span>5<span class=\"_ _0\"></span>7.<span class=\"_ _1\"></span>1<span class=\"_ _7f\"> </span><span class=\"ff1 ls86 wsf1\">1<span class=\"_ _1\"></span>,<span class=\"_ _2\"></span>3<span class=\"_ _1\"></span>5<span class=\"_ _2\"></span>4.9<span class=\"_ _383\"> </span></span></span></div><div class=\"t m0 h8 ff1 fs5 fc3 sc0 ls2 ws2 gs402\">1. <span class=\"_ _41\"> </span>O<span class=\"_ _1\"></span>wn S<span class=\"_ _1\"></span>ha<span class=\"_ _1\"></span>re<span class=\"_ _1\"></span>s co<span class=\"_ _1\"></span>mpr<span class=\"_ _1\"></span>is<span class=\"_ _1\"></span>es o<span class=\"_ _1\"></span>wn s<span class=\"_ _1\"></span>ha<span class=\"_ _1\"></span>re<span class=\"_ _1\"></span>s he<span class=\"_ _1\"></span>ld i<span class=\"_ _1\"></span>n the G<span class=\"_ _1\"></span>ro<span class=\"_ _1\"></span>up\u2019s EBT of \u00a3<span class=\"_ _1\"></span>2.<span class=\"_ _1\"></span>2m (202<span class=\"_ _1\"></span>1: \u00a33<span class=\"_ _1\"></span>.5m) wh<span class=\"_ _1\"></span>ic<span class=\"_ _1\"></span>h are r<span class=\"_ _1\"></span>ec<span class=\"_ _1\"></span>o<span class=\"_ _1\"></span>gni<span class=\"_ _1\"></span>se<span class=\"_ _1\"></span>d w<span class=\"_ _1\"></span>ithi<span class=\"_ _1\"></span>n OS<span class=\"_ _1\"></span>BG u<span class=\"_ _1\"></span>nd<span class=\"_ _1\"></span>er l<span class=\"_ _1\"></span>oo<span class=\"_ _1\"></span>k-<span class=\"_ _6\"></span>thr<span class=\"_ _1\"></span>ou<span class=\"_ _1\"></span>gh a<span class=\"_ _1\"></span>cc<span class=\"_ _1\"></span>oun<span class=\"_ _1\"></span>tin<span class=\"_ _1\"></span>g.<span class=\"_ _383\"> </span></div><div class=\"t m0 hd ff1 fs7 fc3 sc0 ls11 ws2 gs403\">Further additional distributable reserves can be r<span class=\"_ _6\"></span>ealised ov<span class=\"_ _6\"></span>er time from dividend receipts fr<span class=\"_ _6\"></span>om pro\ufb01ts gener<span class=\"_ _8\"></span>ated from the subsidiaries including </div><div class=\"t m0 hd ff1 fs7 fc3 sc0 ls11 ws2 gs404\">two r<span class=\"_ _6\"></span>egulated bank<span class=\"_ _6\"></span>s within the Group<span class=\"_ _6\"></span>. </div><div class=\"t m0 hc ff2 fs7 fc2 sc0 ls2 ws2 gs405\">17<span class=\"_ _1f6\"></span><span class=\"_ _383\">.\u2002Ca</span><span class=\"_ _1\"></span>sh and c<span class=\"_ _1\"></span>ash e<span class=\"_ _1\"></span>quival<span class=\"_ _1\"></span>ents<span class=\"_ _383\"> </span></div><div class=\"t m0 hd ff1 fs7 fc3 sc0 ls11 ws2 gs406\">The following t<span class=\"_ _6\"></span>able analyses the cash and cash equivalent<span class=\"_ _6\"></span>s disclosed in the Consolidated Statemen<span class=\"_ _6\"></span>t of Cash Flow<span class=\"_ _6\"></span>s: </div><div class=\"t m0 h3a ff2 fs5 fc3 sc0 lse ws71 gs407\">2022<span class=\"_ _383\"> </span></div><div class=\"t m0 h3a ff2 fs5 fc3 sc0 lse ws71 gs408\">\u00a3m<span class=\"_ _383\"> </span></div><div class=\"t m0 h8 ff1 fs5 fc3 sc0 lse ws71 gs409\">2021<span class=\"_ _383\"> </span></div><div class=\"t m0 h8 ff1 fs5 fc3 sc0 lse ws71 gs40a\">\u00a3m<span class=\"_ _383\"> </span></div><div class=\"t m0 hd ff1 fs7 fc3 sc0 ls11 ws2 gs40b\">Cash in hand<span class=\"_ _279\"> </span><span class=\"ff2 ls81 wsdf\">0.4<span class=\"_ _15e\"> </span></span><span class=\"ls9f wsbc\">0.<span class=\"_ _1\"></span>5<span class=\"_ _383\"> </span></span></div><div class=\"t m0 hd ff1 fs7 fc3 sc0 ls11 ws2 gs40c\">Unencumbered loans and advances to cr<span class=\"_ _6\"></span>edit institutions<span class=\"_ _27a\"> </span><span class=\"ff2 lscd wsce\">2,953.7<span class=\"_ _121\"> </span></span><span class=\"ls2\">2,636.<span class=\"_ _1\"></span>2<span class=\"_ _383\"> </span></span></div><div class=\"t m0 hd ff1 fs7 fc3 sc0 ls11 ws2 gs40d\">Inv<span class=\"_ _6\"></span>estment securities<span class=\"_ _27b\"> </span><span class=\"ff2 ls7e ws16\">90.0<span class=\"_ _3e\"> </span></span><span class=\"ws6e\">10<span class=\"_ _1\"></span>0.0</span></div><div class=\"t m0 hd ff1 fs7 fc3 sc0 ls2 ws2 gs40e\"> <span class=\"_ _27c\"> </span><span class=\"ff2 lsc3 wsc2\">3<span class=\"_ _1\"></span>,<span class=\"_ _1\"></span>0<span class=\"_ _2\"></span>4<span class=\"_ _1\"></span>4<span class=\"_ _1\"></span>.1<span class=\"_ _8e\"> </span></span><span class=\"ls79 wse8\">2,73<span class=\"_ _1\"></span>6.7<span class=\"_ _383\"> </span></span></div><div class=\"t m0 hc ff2 fs7 fc2 sc0 ls2 ws2 gs410\"><span class=\"_ _383\">18.\u2002Loa</span><span class=\"_ _1\"></span>ns and a<span class=\"_ _1\"></span>dvanc<span class=\"_ _1\"></span>es to c<span class=\"_ _1\"></span>re<span class=\"_ _1\"></span>dit inst<span class=\"_ _1\"></span>itution<span class=\"_ _1\"></span>s<span class=\"_ _383\"> </span></div><div class=\"t m0 h3a ff2 fs5 fc3 sc0 lse ws71 gs411\">2022<span class=\"_ _383\"> </span></div><div class=\"t m0 h3a ff2 fs5 fc3 sc0 lse ws71 gs412\">\u00a3m<span class=\"_ _383\"> </span></div><div class=\"t m0 h8 ff1 fs5 fc3 sc0 lse ws71 gs413\">2021<span class=\"_ _383\"> </span></div><div class=\"t m0 h8 ff1 fs5 fc3 sc0 lse ws71 gs414\">\u00a3m<span class=\"_ _383\"> </span></div><div class=\"t m0 hc ff2 fs7 fc3 sc0 ls11 ws6e gs415\">Unencumbered:<span class=\"_ _27d\"> </span><span class=\"ls2 ws2\"> </span></div><div class=\"t m0 hd ff1 fs7 fc3 sc0 ls11 ws2 gs416\">BoE call account<span class=\"_ _21e\"> </span><span class=\"ff2 ls2\">2,<span class=\"_ _1\"></span>806.5<span class=\"_ _40\"> </span></span><span class=\"lsd7 wsd7\">2<span class=\"_ _1\"></span>,4<span class=\"_ _1\"></span>9<span class=\"_ _2\"></span>6<span class=\"_ _1\"></span>.4<span class=\"_ _383\"> </span></span></div><div class=\"t m0 hd ff1 fs7 fc3 sc0 ls11 ws2 gs417\">Call accounts<span class=\"_ _186\"> </span><span class=\"ff2 ls7f wse1\">73.<span class=\"_ _1\"></span>2<span class=\"_ _55\"> </span></span><span class=\"ls2c ws29\">43.3<span class=\"_ _383\"> </span></span></div><div class=\"t m0 hd ff1 fs7 fc3 sc0 ls11 ws2 gs418\">Cash held in special purpose vehicles (SPV<span class=\"_ _8\"></span>s)</div><div class=\"t m0 h1f ff1 fsf fc3 sc0 ls2 ws2 gs419\">1<span class=\"_ _383\"> </span></div><div class=\"t m0 hd ff2 fs7 fc3 sc0 lsd3 ws86 gs41a\">63.8<span class=\"_ _254\"> </span><span class=\"ff1 lsf8 wsfd\">8<span class=\"_ _2\"></span>9.<span class=\"_ _2\"></span>6<span class=\"_ _383\"> </span></span></div><div class=\"t m0 hd ff1 fs7 fc3 sc0 ls11 ws2 gs41b\">T<span class=\"_ _8\"></span>erm deposits<span class=\"_ _27e\"> </span><span class=\"ff2 ws6e\">10.2<span class=\"_ _5f\"> </span></span><span class=\"ls86 wsf1\">6<span class=\"_ _1\"></span>.9<span class=\"_ _383\"> </span></span></div><div class=\"t m0 hc ff2 fs7 fc3 sc0 ls11 ws6e gs41c\">Encumbered:<span class=\"_ _27f\"> </span><span class=\"ls2 ws2\"> </span></div><div class=\"t m0 hd ff1 fs7 fc3 sc0 ls11 ws2 gs41d\">BoE cash ratio deposit<span class=\"_ _280\"> </span><span class=\"ff2 ls12 wsf\">62.<span class=\"_ _1\"></span>8<span class=\"_ _4f\"> </span></span><span class=\"lsf8 wsfd\">5<span class=\"_ _2\"></span>9.<span class=\"_ _1\"></span>5<span class=\"_ _383\"> </span></span></div><div class=\"t m0 hd ff1 fs7 fc3 sc0 ls11 ws2 gs41e\">Cash held in SPV<span class=\"_ _6\"></span>s<span class=\"_ _383\"> </span></div><div class=\"t m0 h1f ff1 fsf fc3 sc0 ls2 ws2 gs41f\">1<span class=\"_ _383\"> </span></div><div class=\"t m0 hd ff2 fs7 fc3 sc0 lscb wscb gs420\">111.<span class=\"_ _1\"></span>8<span class=\"_ _96\"> </span><span class=\"ff1 ls2c ws29\">48.0<span class=\"_ _383\"> </span></span></div><div class=\"t m0 hd ff1 fs7 fc3 sc0 ls11 ws2 gs421\">Cash margin giv<span class=\"_ _6\"></span>en<span class=\"_ _281\"> </span><span class=\"ff2 lsc4 wsc3\">2<span class=\"_ _2\"></span>3<span class=\"_ _0\"></span>7.<span class=\"_ _2\"></span>4<span class=\"_ _37\"> </span></span><span class=\"lsf8 wsfd\">9<span class=\"_ _2\"></span>9.<span class=\"_ _1\"></span>9</span></div><div class=\"t m0 hd ff1 fs7 fc3 sc0 ls2 ws2 gs422\"> <span class=\"_ _282\"> </span><span class=\"ff2 lsf9 ws82\">3,365.<span class=\"_ _6\"></span>7<span class=\"_ _6e\"> </span><span class=\"ff1 ls2c ws29\">2,843.6<span class=\"_ _383\"> </span></span></span></div><div class=\"t m0 h8 ff1 fs5 fc3 sc0 ls2 ws2 gs423\">1. <span class=\"_ _41\"> </span> <span class=\"_ _23\"></span>C<span class=\"_ _1\"></span>a<span class=\"_ _1\"></span>sh h<span class=\"_ _1\"></span>el<span class=\"_ _1\"></span>d in S<span class=\"_ _1\"></span>PVs is r<span class=\"_ _1\"></span>ing<span class=\"_ _1\"></span>-fen<span class=\"_ _1\"></span>ce<span class=\"_ _1\"></span>d fo<span class=\"_ _1\"></span>r us<span class=\"_ _1\"></span>e in m<span class=\"_ _1\"></span>an<span class=\"_ _1\"></span>agi<span class=\"_ _1\"></span>ng t<span class=\"_ _1\"></span>he G<span class=\"_ _1\"></span>rou<span class=\"_ _1\"></span>p\u2019s sec<span class=\"_ _1\"></span>uri<span class=\"_ _1\"></span>tis<span class=\"_ _1\"></span>e<span class=\"_ _1\"></span>d de<span class=\"_ _1\"></span>bt fa<span class=\"_ _1\"></span>ci<span class=\"_ _1\"></span>lit<span class=\"_ _1\"></span>ie<span class=\"_ _1\"></span>s und<span class=\"_ _1\"></span>er t<span class=\"_ _1\"></span>he te<span class=\"_ _1\"></span>rm<span class=\"_ _1\"></span>s of s<span class=\"_ _1\"></span>ec<span class=\"_ _1\"></span>ur<span class=\"_ _1\"></span>iti<span class=\"_ _1\"></span>sat<span class=\"_ _1\"></span>io<span class=\"_ _1\"></span>n agr<span class=\"_ _1\"></span>ee<span class=\"_ _1\"></span>m<span class=\"_ _1\"></span>ent<span class=\"_ _1\"></span>s. C<span class=\"_ _1\"></span>as<span class=\"_ _1\"></span>h he<span class=\"_ _1\"></span>ld i<span class=\"_ _1\"></span>n SP<span class=\"_ _1\"></span>Vs is tr<span class=\"_ _1\"></span>ea<span class=\"_ _1\"></span>te<span class=\"_ _1\"></span>d </div><div class=\"t m0 h8 ff1 fs5 fc3 sc0 ls2 ws2 gs424\">as un<span class=\"_ _1\"></span>en<span class=\"_ _1\"></span>cu<span class=\"_ _1\"></span>mb<span class=\"_ _1\"></span>er<span class=\"_ _1\"></span>ed i<span class=\"_ _1\"></span>n pr<span class=\"_ _1\"></span>op<span class=\"_ _1\"></span>or<span class=\"_ _1\"></span>t<span class=\"_ _1\"></span>ion t<span class=\"_ _1\"></span>o the r<span class=\"_ _1\"></span>eta<span class=\"_ _1\"></span>in<span class=\"_ _1\"></span>ed i<span class=\"_ _1\"></span>nte<span class=\"_ _1\"></span>re<span class=\"_ _1\"></span>st i<span class=\"_ _1\"></span>n the S<span class=\"_ _1\"></span>P<span class=\"_ _1\"></span>V ba<span class=\"_ _1\"></span>se<span class=\"_ _1\"></span>d on t<span class=\"_ _1\"></span>he n<span class=\"_ _1\"></span>om<span class=\"_ _1\"></span>ina<span class=\"_ _1\"></span>l val<span class=\"_ _1\"></span>ue o<span class=\"_ _1\"></span>f the b<span class=\"_ _1\"></span>on<span class=\"_ _1\"></span>ds h<span class=\"_ _1\"></span>e<span class=\"_ _1\"></span>ld b<span class=\"_ _1\"></span>y the G<span class=\"_ _1\"></span>ro<span class=\"_ _1\"></span>up to to<span class=\"_ _1\"></span>tal b<span class=\"_ _1\"></span>on<span class=\"_ _1\"></span>ds i<span class=\"_ _1\"></span>n th<span class=\"_ _1\"></span>e se<span class=\"_ _1\"></span>cu<span class=\"_ _1\"></span>rit<span class=\"_ _1\"></span>isa<span class=\"_ _1\"></span>tio<span class=\"_ _1\"></span>n, a<span class=\"_ _1\"></span>nd </div><div class=\"t m0 h8 ff1 fs5 fc3 sc0 ls2 ws2 gs425\">inc<span class=\"_ _1\"></span>lu<span class=\"_ _1\"></span>de<span class=\"_ _1\"></span>d in c<span class=\"_ _1\"></span>as<span class=\"_ _1\"></span>h an<span class=\"_ _1\"></span>d ca<span class=\"_ _1\"></span>sh e<span class=\"_ _1\"></span>qu<span class=\"_ _1\"></span>iva<span class=\"_ _1\"></span>le<span class=\"_ _1\"></span>nt<span class=\"_ _1\"></span>s. C<span class=\"_ _1\"></span>as<span class=\"_ _1\"></span>h ret<span class=\"_ _1\"></span>ain<span class=\"_ _1\"></span>e<span class=\"_ _1\"></span>d in SP<span class=\"_ _1\"></span>Vs de<span class=\"_ _1\"></span>si<span class=\"_ _1\"></span>gna<span class=\"_ _1\"></span>te<span class=\"_ _1\"></span>d as c<span class=\"_ _1\"></span>as<span class=\"_ _1\"></span>h re<span class=\"_ _1\"></span>se<span class=\"_ _1\"></span>r<span class=\"_ _1\"></span>ve c<span class=\"_ _1\"></span>re<span class=\"_ _1\"></span>di<span class=\"_ _1\"></span>t enh<span class=\"_ _1\"></span>an<span class=\"_ _1\"></span>ce<span class=\"_ _1\"></span>m<span class=\"_ _1\"></span>ent i<span class=\"_ _1\"></span>s tre<span class=\"_ _1\"></span>at<span class=\"_ _1\"></span>ed a<span class=\"_ _1\"></span>s en<span class=\"_ _1\"></span>cu<span class=\"_ _1\"></span>mb<span class=\"_ _1\"></span>er<span class=\"_ _1\"></span>ed i<span class=\"_ _1\"></span>n pr<span class=\"_ _1\"></span>op<span class=\"_ _1\"></span>or<span class=\"_ _1\"></span>ti<span class=\"_ _1\"></span>on t<span class=\"_ _1\"></span>o the ex<span class=\"_ _1\"></span>t<span class=\"_ _1\"></span>er<span class=\"_ _1\"></span>nal </div><div class=\"t m0 h8 ff1 fs5 fc3 sc0 ls2 ws2 gs426\">ho<span class=\"_ _1\"></span>ldi<span class=\"_ _1\"></span>ng<span class=\"_ _1\"></span>s in th<span class=\"_ _1\"></span>e SP<span class=\"_ _1\"></span>V an<span class=\"_ _1\"></span>d exc<span class=\"_ _1\"></span>lud<span class=\"_ _1\"></span>e<span class=\"_ _1\"></span>d fro<span class=\"_ _1\"></span>m ca<span class=\"_ _1\"></span>sh a<span class=\"_ _1\"></span>nd c<span class=\"_ _1\"></span>as<span class=\"_ _1\"></span>h e<span class=\"_ _1\"></span>qui<span class=\"_ _1\"></span>val<span class=\"_ _1\"></span>en<span class=\"_ _1\"></span>ts<span class=\"_ _1\"></span>.<span class=\"_ _383\"> </span></div><div class=\"t m0 hc ff2 fs7 fc2 sc0 ls2 ws2 gs427\">19<span class=\"_ _8\"></span><span class=\"_ _383\">.\u2002Inves</span><span class=\"_ _1\"></span>tme<span class=\"_ _1\"></span>nt se<span class=\"_ _1\"></span>curiti<span class=\"_ _1\"></span>es<span class=\"_ _383\"> </span></div><div class=\"t m0 h3a ff2 fs5 fc3 sc0 lse ws71 gs428\">2022<span class=\"_ _383\"> </span></div><div class=\"t m0 h3a ff2 fs5 fc3 sc0 lse ws71 gs429\">\u00a3m<span class=\"_ _383\"> </span></div><div class=\"t m0 h8 ff1 fs5 fc3 sc0 lse ws71 gs42a\">2021<span class=\"_ _383\"> </span></div><div class=\"t m0 h8 ff1 fs5 fc3 sc0 lse ws71 gs42b\">\u00a3m<span class=\"_ _383\"> </span></div><div class=\"t m0 hc ff2 fs7 fc3 sc0 ls11 ws2 gs42c\">Held at amortised c<span class=\"_ _1\"></span>ost:<span class=\"_ _1eb\"> </span><span class=\"ls2\"> </span></div><div class=\"t m0 hd ff1 fs7 fc3 sc0 ls11 ws2 gs42d\">UK Sov<span class=\"_ _6\"></span>ereign debt<span class=\"_ _283\"> </span><span class=\"ff2 ls2\">\u2013<span class=\"_ _91\"> </span></span><span class=\"ws6e\">1<span class=\"_ _1\"></span>00.0<span class=\"_ _383\"> </span></span></div><div class=\"t m0 hd ff1 fs7 fc3 sc0 ls11 ws2 gs42e\">RMBS loan notes<span class=\"_ _284\"> </span><span class=\"ff2 ls12 wsf\">262.<span class=\"_ _1\"></span>6<span class=\"_ _e8\"> </span></span><span class=\"lsed wsf2\">2<span class=\"_ _1\"></span>2<span class=\"_ _1\"></span>3<span class=\"_ _1\"></span>.1<span class=\"_ _383\"> </span></span></div><div class=\"t m0 hd ff2 fs7 fc3 sc0 ls12 wsf gs42f\">262.<span class=\"_ _1\"></span>6<span class=\"_ _e8\"> </span><span class=\"ff1 lsed wsf2\">3<span class=\"_ _1\"></span>2<span class=\"_ _1\"></span>3<span class=\"_ _1\"></span>.1<span class=\"_ _383\"> </span></span></div><div class=\"t m0 hd ff1 fs7 fc3 sc0 ls11 ws2 gs430\">Less: Expecte<span class=\"_ _6\"></span>d credit losses<span class=\"_ _285\"> </span><span class=\"ff2 ls2\">\u2013<span class=\"_ _1cc\"> </span><span class=\"ff1\">\u2013</span></span></div><div class=\"t m0 hd ff1 fs7 fc3 sc0 ls2 ws2 gs431\"> <span class=\"_ _286\"> </span><span class=\"ff2 ls12 wsf\">262.<span class=\"_ _1\"></span>6<span class=\"_ _e8\"> </span></span><span class=\"lsed wsf2\">3<span class=\"_ _1\"></span>2<span class=\"_ _1\"></span>3<span class=\"_ _1\"></span>.1<span class=\"_ _383\"> </span></span></div><div class=\"t m0 hc ff2 fs7 fc3 sc0 ls11 ws2 gs432\">Held at FVOCI:<span class=\"_ _279\"> </span><span class=\"ls2\"> </span></div><div class=\"t m0 hd ff1 fs7 fc3 sc0 ls11 ws2 gs433\">UK Sov<span class=\"_ _6\"></span>ereign debt<span class=\"_ _383\"> </span></div><div class=\"t m0 h1f ff1 fsf fc3 sc0 ls2 ws2 gs434\">1<span class=\"_ _383\"> </span></div><div class=\"t m0 hd ff2 fs7 fc3 sc0 ls6f ws75 gs435\">149<span class=\"_ _8\"></span>.8<span class=\"_ _93\"> </span><span class=\"ff1 lsed wsf2\">1<span class=\"_ _1\"></span>5<span class=\"_ _1\"></span>2<span class=\"_ _2\"></span>.1<span class=\"_ _383\"> </span></span></div><div class=\"t m0 hd ff1 fs7 fc3 sc0 ls11 ws2 gs436\">RMBS loan notes<span class=\"_ _27d\"> </span><span class=\"ff2 ls2\">\u2013<span class=\"_ _61\"> </span></span><span class=\"ls9f wsbc\">15.5<span class=\"_ _383\"> </span></span></div><div class=\"t m0 hd ff2 fs7 fc3 sc0 ls6f ws75 gs437\">149<span class=\"_ _8\"></span>.8<span class=\"_ _93\"> </span><span class=\"ff1 lsc8 wsc8\">1<span class=\"_ _2\"></span>6<span class=\"_ _2\"></span>7.<span class=\"_ _0\"></span>6<span class=\"_ _383\"> </span></span></div><div class=\"t m0 hc ff2 fs7 fc3 sc0 ls11 ws2 gs438\">Held at FV<span class=\"_ _1\"></span>TPL:<span class=\"_ _287\"> </span><span class=\"ls2\"> </span></div><div class=\"t m0 hd ff1 fs7 fc3 sc0 ls11 ws2 gs439\">RMBS loan notes<span class=\"_ _288\"> </span><span class=\"ff2 ws6e\">0.5<span class=\"_ _e5\"> </span></span><span class=\"ls9f wsbc\">0.7<span class=\"_ _383\"> </span></span></div><div class=\"t m0 hd ff2 fs7 fc3 sc0 ls11 ws6e gs43a\">0.5<span class=\"_ _e5\"> </span><span class=\"ff1 ls9f wsbc\">0.7</span></div><div class=\"t m0 hd ff1 fs7 fc3 sc0 ls2 ws2 gs43b\"> <span class=\"_ _289\"> </span><span class=\"ff2 lsc5 wsc4\">41<span class=\"_ _1\"></span>2<span class=\"_ _2\"></span>.9<span class=\"_ _e8\"> </span></span><span class=\"lsd7 wsd7\">4<span class=\"_ _1\"></span>9<span class=\"_ _2\"></span>1<span class=\"_ _1\"></span>.4<span class=\"_ _383\"> </span></span></div><div class=\"t m0 h8 ff1 fs5 fc3 sc0 ls2 ws2 gs43c\">1. In<span class=\"_ _1\"></span>clu<span class=\"_ _1\"></span>de<span class=\"_ _1\"></span>s \u00a3<span class=\"_ _1\"></span>90.0<span class=\"_ _1\"></span>m of U<span class=\"_ _1\"></span>K Treas<span class=\"_ _1\"></span>ur<span class=\"_ _1\"></span>y bil<span class=\"_ _1\"></span>ls w<span class=\"_ _1\"></span>hic<span class=\"_ _1\"></span>h ha<span class=\"_ _1\"></span>d a m<span class=\"_ _1\"></span>atur<span class=\"_ _1\"></span>ity of l<span class=\"_ _1\"></span>es<span class=\"_ _1\"></span>s th<span class=\"_ _1\"></span>an th<span class=\"_ _1\"></span>re<span class=\"_ _1\"></span>e mo<span class=\"_ _1\"></span>nth<span class=\"_ _1\"></span>s fr<span class=\"_ _1\"></span>om d<span class=\"_ _1\"></span>ate of a<span class=\"_ _1\"></span>cq<span class=\"_ _1\"></span>ui<span class=\"_ _1\"></span>sit<span class=\"_ _1\"></span>io<span class=\"_ _1\"></span>n (2021: ni<span class=\"_ _1\"></span>l).<span class=\"_ _383\"> </span></div><div class=\"t m0 hd ff1 fs7 fc3 sc0 ls11 ws2 gs43d\">At 31 December 2022, the Gr<span class=\"_ _6\"></span>oup had no RMBS held at FVOCI or FVTPL (2021: nil) and \u00a311.<span class=\"_ _6\"></span>5m of RMBS held at amortised cost (2<span class=\"_ _6\"></span>021: \u00a3119<span class=\"_ _1f6\"></span>.5m) sold </div><div class=\"t m0 hd ff1 fs7 fc3 sc0 ls11 ws2 gs43e\">under repos<span class=\"_ _6\"></span>. </div><div class=\"t m0 hd ff1 fs7 fc3 sc0 ls11 ws2 gs43f\">The Director<span class=\"_ _6\"></span>s consider that the primary purpose of holding inv<span class=\"_ _6\"></span>estment securities is prudential. These securities ar<span class=\"_ _6\"></span>e held as liquid assets with the </div><div class=\"t m0 hd ff1 fs7 fc3 sc0 ls11 ws2 gs440\">inten<span class=\"_ _6\"></span>tion of use on a continuing basis in the Group<span class=\"_ _8\"></span>\u2019<span class=\"_ _8\"></span>s activities and are classi\ufb01ed as amortised cost, FVOCI and FVTPL in accordance with the </div><div class=\"t m0 hd ff1 fs7 fc3 sc0 ls11 ws2 gs441\">Group<span class=\"_ _8\"></span>\u2019<span class=\"_ _6\"></span>s business model for each security.<span class=\"_ _383\"> </span></div><div class=\"t m0 hd ff1 fs7 fc3 sc0 ls22 ws2 gs442\">The credit risk on in<span class=\"_ _6\"></span>vestmen<span class=\"_ _6\"></span>t securities held at amortised cost has not signi\ufb01cantly increase<span class=\"_ _6\"></span>d since initial recognition and they are categorised as s<span class=\"_ _6\"></span>tage 1. </div><div class=\"t m0 hd ff1 fs7 fc3 sc0 ls22 ws2 gs443\">The ECLs are less than \u00a30<span class=\"_ _8\"></span>.1m.<span class=\"_ _383\"> </span></div><div class=\"t m0 hd ff1 fs7 fc3 sc0 ls11 ws2 gs444\">Mov<span class=\"_ _6\"></span>ements during the year in in<span class=\"_ _6\"></span>ves<span class=\"_ _6\"></span>tment securities held by the Group are analyse<span class=\"_ _6\"></span>d as follow<span class=\"_ _6\"></span>s:<span class=\"_ _383\"> </span></div><div class=\"t m0 h3a ff2 fs5 fc3 sc0 lse ws71 gs445\">2022<span class=\"_ _383\"> </span></div><div class=\"t m0 h3a ff2 fs5 fc3 sc0 lse ws71 gs446\">\u00a3m<span class=\"_ _383\"> </span></div><div class=\"t m0 h8 ff1 fs5 fc3 sc0 lse ws71 gs447\">2021<span class=\"_ _383\"> </span></div><div class=\"t m0 h8 ff1 fs5 fc3 sc0 lse ws71 gs448\">\u00a3m<span class=\"_ _383\"> </span></div><div class=\"t m0 hd ff1 fs7 fc3 sc0 ls11 ws2 gs449\">At 1 January <span class=\"_ _28a\"> </span><span class=\"ff2 ls81 wsdf\">49<span class=\"_ _2\"></span>1.4<span class=\"_ _5c\"> </span></span><span class=\"lsee wsf3\">47<span class=\"_ _1\"></span>1<span class=\"_ _2\"></span>.<span class=\"_ _2\"></span>2<span class=\"_ _383\"> </span></span></div><div class=\"t m0 hd ff1 fs7 fc3 sc0 ls11 ws6e gs44a\"><span class=\"_ _383\">\u2002\u2002Additions</span></div><div class=\"t m0 h1f ff1 fsf fc3 sc0 ls2 ws2 gs44b\">1<span class=\"_ _383\"> </span></div><div class=\"t m0 hd ff2 fs7 fc3 sc0 ls2 ws2 gs44c\">686.5<span class=\"_ _50\"> </span><span class=\"ff1 lsff ws91\">568.2<span class=\"_ _383\"> </span></span></div><div class=\"t m0 hd ff1 fs7 fc3 sc0 ls11 ws2 gs44d\"><span class=\"_ _383\">\u2002\u2002Disposals and maturities<span class=\"_ _383\"> </span></span></div><div class=\"t m0 h1f ff1 fsf fc3 sc0 ls2 ws2 gs44e\">2<span class=\"_ _383\"> </span></div><div class=\"t m0 hd ff2 fs7 fc3 sc0 ls9e ws98 gs44f\">(<span class=\"_ _2\"></span>76<span class=\"_ _2\"></span>4<span class=\"_ _1\"></span>.<span class=\"_ _1\"></span>4)<span class=\"_ _73\"> </span><span class=\"ff1 lsf8 wsfd\">(<span class=\"_ _0\"></span>5<span class=\"_ _2\"></span>4<span class=\"_ _2\"></span>9.<span class=\"_ _1\"></span>7<span class=\"_ _3\"> </span>)<span class=\"_ _383\"> </span></span></div><div class=\"t m0 hd ff1 fs7 fc3 sc0 ls11 ws2 gs450\"><span class=\"_ _383\">\u2002\u2002Mov</span><span class=\"_ _6\"></span>ement in accrued inter<span class=\"_ _6\"></span>est<span class=\"_ _28b\"> </span><span class=\"ff2 lsc5 wsc4\">(0<span class=\"_ _1\"></span>.9<span class=\"_ _1\"></span>)<span class=\"_ _37\"> </span></span><span class=\"ls9f wsbc\">0.6<span class=\"_ _383\"> </span></span></div><div class=\"t m0 hd ff1 fs7 fc3 sc0 ls11 ws2 gs451\"><span class=\"_ _383\">\u2002\u2002Changes in fair value</span><span class=\"_ _280\"> </span><span class=\"ff2 ws6e\">0.3<span class=\"_ _1da\"> </span></span><span class=\"lsed wsf2\">1<span class=\"_ _1\"></span>.1<span class=\"_ _383\"> </span></span></div><div class=\"t m0 hd ff2 fs7 fc3 sc0 ls11 ws2 gs452\">At 31 December<span class=\"_ _1\"></span> <span class=\"_ _28c\"> </span><span class=\"lsc5 wsc4\">41<span class=\"_ _1\"></span>2<span class=\"_ _2\"></span>.9<span class=\"_ _e8\"> </span><span class=\"ff1 lsd7 wsd7\">4<span class=\"_ _1\"></span>9<span class=\"_ _2\"></span>1<span class=\"_ _1\"></span>.4<span class=\"_ _383\"> </span></span></span></div><div class=\"t m0 h8 ff1 fs5 fc3 sc0 ls2 ws2 gs453\">1. <span class=\"_ _41\"> </span>Ad<span class=\"_ _1\"></span>dit<span class=\"_ _1\"></span>ion<span class=\"_ _1\"></span>s in<span class=\"_ _1\"></span>cl<span class=\"_ _1\"></span>ud<span class=\"_ _1\"></span>e \u00a3<span class=\"_ _1\"></span>90.0<span class=\"_ _1\"></span>m of U<span class=\"_ _1\"></span>K T<span class=\"_ _6\"></span>re<span class=\"_ _1\"></span>as<span class=\"_ _1\"></span>ur<span class=\"_ _1\"></span>y bil<span class=\"_ _1\"></span>ls w<span class=\"_ _1\"></span>hic<span class=\"_ _1\"></span>h ha<span class=\"_ _1\"></span>d a ma<span class=\"_ _1\"></span>tur<span class=\"_ _1\"></span>ity of l<span class=\"_ _1\"></span>es<span class=\"_ _1\"></span>s th<span class=\"_ _1\"></span>an th<span class=\"_ _1\"></span>re<span class=\"_ _1\"></span>e mo<span class=\"_ _1\"></span>nth<span class=\"_ _1\"></span>s fro<span class=\"_ _1\"></span>m da<span class=\"_ _1\"></span>te of a<span class=\"_ _1\"></span>cq<span class=\"_ _1\"></span>ui<span class=\"_ _1\"></span>sit<span class=\"_ _1\"></span>ion (20<span class=\"_ _1\"></span>21: \u00a3<span class=\"_ _1\"></span>10<span class=\"_ _1\"></span>0.0<span class=\"_ _1\"></span>m).<span class=\"_ _383\"> </span></div><div class=\"t m0 h8 ff1 fs5 fc3 sc0 ls2 ws2 gs454\">2. <span class=\"_ _34\"> </span>Di<span class=\"_ _1\"></span>sp<span class=\"_ _1\"></span>os<span class=\"_ _1\"></span>al<span class=\"_ _1\"></span>s an<span class=\"_ _1\"></span>d mat<span class=\"_ _1\"></span>uri<span class=\"_ _1\"></span>tie<span class=\"_ _1\"></span>s in<span class=\"_ _1\"></span>cl<span class=\"_ _1\"></span>ud<span class=\"_ _1\"></span>e \u00a3<span class=\"_ _1\"></span>100<span class=\"_ _1\"></span>.0m o<span class=\"_ _1\"></span>f UK Trea<span class=\"_ _1\"></span>sur<span class=\"_ _1\"></span>y bi<span class=\"_ _1\"></span>lls w<span class=\"_ _1\"></span>hi<span class=\"_ _1\"></span>ch h<span class=\"_ _1\"></span>ad a m<span class=\"_ _1\"></span>atu<span class=\"_ _1\"></span>rity o<span class=\"_ _1\"></span>f le<span class=\"_ _1\"></span>ss th<span class=\"_ _1\"></span>an t<span class=\"_ _1\"></span>hre<span class=\"_ _1\"></span>e m<span class=\"_ _1\"></span>onth<span class=\"_ _1\"></span>s fr<span class=\"_ _1\"></span>om d<span class=\"_ _1\"></span>ate o<span class=\"_ _1\"></span>f ac<span class=\"_ _1\"></span>qui<span class=\"_ _1\"></span>si<span class=\"_ _1\"></span>tio<span class=\"_ _1\"></span>n (2021: n<span class=\"_ _1\"></span>il<span class=\"_ _1\"></span>).<span class=\"_ _383\"> </span></div><div class=\"t m0 hd ff1 fs7 fc3 sc0 ls11 ws2 gs455\">At 31 December 2022, in<span class=\"_ _6\"></span>ves<span class=\"_ _6\"></span>tment securities included inv<span class=\"_ _6\"></span>estment<span class=\"_ _6\"></span>s in unconsolidated structur<span class=\"_ _6\"></span>ed entities (see note 45) of \u00a3100<span class=\"_ _6\"></span>.7<span class=\"_ _8\"></span>m notes in PMF </div><div class=\"t m0 hd ff1 fs7 fc3 sc0 ls11 ws2 gs456\">2020-<span class=\"_ _8\"></span>1B (2021: \u00a3100.7<span class=\"_ _1f6\"></span>m notes in PMF 2020-<span class=\"_ _6\"></span>1B and \u00a321.<span class=\"_ _6\"></span>0m notes in PMF 2017<span class=\"_ _1f6\"></span>-1B). The inv<span class=\"_ _6\"></span>estment<span class=\"_ _6\"></span>s represen<span class=\"_ _6\"></span>t the maximum exposure to loss fr<span class=\"_ _6\"></span>om </div><div class=\"t m0 hd ff1 fs7 fc3 sc0 ls11 ws2 gs457\">unconsolidated structur<span class=\"_ _6\"></span>ed entities<span class=\"_ _6\"></span>.<span class=\"_ _383\"> </span></div><div class=\"t m3 hc ff2 fs7 fc2 sc0 ls2 ws2 gs459\"><span class=\"_ _383\">20.\u2002Loan</span><span class=\"_ _1\"></span>s and ad<span class=\"_ _1\"></span>vance<span class=\"_ _1\"></span>s to cu<span class=\"_ _1\"></span>stom<span class=\"_ _1\"></span>er<span class=\"_ _1\"></span>s<span class=\"_ _383\"> </span></div><div class=\"t m3 h3a ff2 fs5 fc3 sc0 lse ws71 gs45a\">2022<span class=\"_ _383\"> </span></div><div class=\"t m3 h3a ff2 fs5 fc3 sc0 lse ws71 gs45b\">\u00a3m<span class=\"_ _383\"> </span></div><div class=\"t m3 h8 ff1 fs5 fc3 sc0 lse ws71 gs45c\">2021<span class=\"_ _383\"> </span></div><div class=\"t m3 h8 ff1 fs5 fc3 sc0 lse ws71 gs45d\">\u00a3m<span class=\"_ _383\"> </span></div><div class=\"t m3 hc ff2 fs7 fc3 sc0 ls11 ws2 gs45e\">Held at amortised c<span class=\"_ _1\"></span>ost:<span class=\"_ _1eb\"> </span><span class=\"ls2\"> </span></div><div class=\"t m3 hd ff1 fs7 fc3 sc0 ls11 ws2 gs45f\">Loans and adv<span class=\"_ _6\"></span>ances (see note 21)<span class=\"_ _28d\"> </span><span class=\"ff2 lsc5 wsc4\">2<span class=\"_ _1\"></span>3<span class=\"_ _2\"></span>,<span class=\"_ _1\"></span>5<span class=\"_ _1\"></span>6<span class=\"_ _2\"></span>4.9<span class=\"_ _d\"> </span></span><span class=\"lsc8 wsc8\">2<span class=\"_ _0\"> </span>1<span class=\"_ _0\"></span>,<span class=\"_ _0\"></span>0<span class=\"_ _0\"></span>4<span class=\"_ _2\"></span>7.<span class=\"_ _1\"></span>9<span class=\"_ _383\"> </span></span></div><div class=\"t m3 hd ff1 fs7 fc3 sc0 ls11 ws2 gs460\">Finance leases (see note 22)<span class=\"_ _143\"> </span><span class=\"ff2 ls12 wsf\">163.<span class=\"_ _1\"></span>2<span class=\"_ _93\"> </span></span><span class=\"lsc7 ws7f\">116.<span class=\"_ _1\"></span>2</span></div><div class=\"t m3 hd ff1 fs7 fc3 sc0 ls2 ws2 gs461\"> <span class=\"_ _28e\"> </span><span class=\"ff2 lsc3 wsc2\">2<span class=\"_ _1\"></span>3<span class=\"_ _2\"></span>,<span class=\"_ _1\"></span>7<span class=\"_ _1\"></span>2<span class=\"_ _1\"></span>8<span class=\"_ _2\"></span>.1<span class=\"_ _69\"> </span></span><span class=\"lsed wsf2\">2<span class=\"_ _1\"></span>1<span class=\"_ _2\"></span>,16<span class=\"_ _1\"></span>4<span class=\"_ _1\"></span>.1<span class=\"_ _383\"> </span></span></div><div class=\"t m3 hd ff1 fs7 fc3 sc0 ls11 ws2 gs462\">Less: Expecte<span class=\"_ _6\"></span>d credit losses (see note 23)<span class=\"_ _11d\"> </span><span class=\"ff2 lscb wscb\">(13<span class=\"_ _1\"></span>0.0)<span class=\"_ _83\"> </span></span><span class=\"ls6f ws75\">(101.5)</span></div><div class=\"t m3 hd ff1 fs7 fc3 sc0 ls2 ws2 gs463\"> <span class=\"_ _28f\"> </span><span class=\"ff2 lscd wsce\">23,598<span class=\"_ _1\"></span>.<span class=\"_ _6\"></span>1<span class=\"_ _88\"> </span><span class=\"ff1 lsc9 wsc9\">2<span class=\"_ _1\"></span>1,062<span class=\"_ _1\"></span>.6<span class=\"_ _383\"> </span></span></span></div><div class=\"t m3 hc ff2 fs7 fc3 sc0 ls11 ws2 gs464\">Held at FV<span class=\"_ _1\"></span>TPL:<span class=\"_ _287\"> </span><span class=\"ls2\"> </span></div><div class=\"t m3 hd ff1 fs7 fc3 sc0 ls11 ws2 gs465\">Residential mortgages<span class=\"_ _1f1\"> </span><span class=\"ff2 ws6e\">14.<span class=\"_ _1\"></span>6<span class=\"_ _1c2\"> </span></span><span class=\"lsc8 wsc8\">1<span class=\"_ _2\"></span>7.<span class=\"_ _0\"></span>7</span></div><div class=\"t m3 hd ff1 fs7 fc3 sc0 ls2 ws2 gs466\"> <span class=\"_ _28f\"> </span><span class=\"ff2 ls33 ws30\">2<span class=\"_ _1\"></span>3<span class=\"_ _1\"></span>,<span class=\"_ _1\"></span>612<span class=\"_ _1\"></span>.<span class=\"_ _1\"></span>7<span class=\"_ _19f\"> </span></span><span class=\"ls9f wsbc\">21,0<span class=\"_ _1\"></span>80.<span class=\"_ _1\"></span>3<span class=\"_ _383\"> </span></span></div><div class=\"t m3 hc ff2 fs7 fc2 sc0 ls2 ws2 gs467\"><span class=\"_ _383\">21.\u2002Loan</span><span class=\"_ _1\"></span>s and ad<span class=\"_ _1\"></span>vance<span class=\"_ _1\"></span>s<span class=\"_ _383\"> </span></div><div class=\"t m3 h8 ff2 fs5 fc3 sc0 lse ws71 gs468\">2022<span class=\"_ _290\"> </span><span class=\"ff1\">2021<span class=\"_ _383\"> </span></span></div><div class=\"t m3 h3a ff2 fs5 fc3 sc0 ls125 ws135 gs469\">OSB<span class=\"_ _383\"> </span></div><div class=\"t m3 h3a ff2 fs5 fc3 sc0 lse ws71 gs46a\">\u00a3m<span class=\"_ _383\"> </span></div><div class=\"t m3 h3a ff2 fs5 fc3 sc0 ls62 ws187 gs46b\">CCFS<span class=\"_ _383\"> </span></div><div class=\"t m3 h3a ff2 fs5 fc3 sc0 lse ws71 gs46c\">\u00a3m<span class=\"_ _383\"> </span></div><div class=\"t m3 h3a ff2 fs5 fc3 sc0 lsc2 wsc1 gs46d\">To<span class=\"_ _1\"></span>t<span class=\"_ _2\"></span>a<span class=\"_ _1\"></span>l<span class=\"_ _383\"> </span></div><div class=\"t m3 h3a ff2 fs5 fc3 sc0 lse ws71 gs46e\">\u00a3m<span class=\"_ _383\"> </span></div><div class=\"t m3 h8 ff1 fs5 fc3 sc0 ls69 ws70 gs46f\">OSB<span class=\"_ _383\"> </span></div><div class=\"t m3 h8 ff1 fs5 fc3 sc0 lse ws71 gs470\">\u00a3m<span class=\"_ _383\"> </span></div><div class=\"t m3 h8 ff1 fs5 fc3 sc0 lse ws71 gs471\">CCFS<span class=\"_ _383\"> </span></div><div class=\"t m3 h8 ff1 fs5 fc3 sc0 lse ws71 gs472\">\u00a3m<span class=\"_ _383\"> </span></div><div class=\"t m3 h8 ff1 fs5 fc3 sc0 lse1 wse5 gs473\">To<span class=\"_ _1\"></span>t<span class=\"_ _2\"></span>a<span class=\"_ _1\"></span>l<span class=\"_ _383\"> </span></div><div class=\"t m3 h8 ff1 fs5 fc3 sc0 lse ws71 gs474\">\u00a3m<span class=\"_ _383\"> </span></div><div class=\"t m3 hc ff2 fs7 fc3 sc0 ls11 ws2 gs475\">Gross carrying amount<span class=\"_ _383\"> </span></div><div class=\"t m3 hd ff1 fs7 fc3 sc0 ls11 ws2 gs476\">Stage 1<span class=\"_ _e4\"> </span><span class=\"ff2 ls1f ws1c\">10<span class=\"_ _6\"></span>,<span class=\"_ _6\"></span>188.<span class=\"_ _8\"></span>4 <span class=\"_ _19f\"> </span><span class=\"lsf9 ws82\">8,375<span class=\"_ _6\"></span>.5 <span class=\"_ _b3\"> </span>18,563.<span class=\"_ _8\"></span>9 <span class=\"_ _1fe\"> </span><span class=\"ff1 ls2 ws2\">10,393.2 <span class=\"_ _6e\"> </span>7<span class=\"_ _1f6\"></span>,685.7 <span class=\"_ _a6\"> </span><span class=\"ls2c ws29\">18,07<span class=\"_ _6\"></span>8.<span class=\"_ _8\"></span>9 </span></span></span></span></div><div class=\"t m3 hd ff1 fs7 fc3 sc0 ls11 ws2 gs477\">Stage 2<span class=\"_ _383\"> </span></div><div class=\"t m3 h1f ff1 fsf fc3 sc0 ls2 ws2 gs478\">1<span class=\"_ _383\"> </span></div><div class=\"t m3 hd ff2 fs7 fc3 sc0 ls2c ws29 gs479\">2,508.<span class=\"_ _6\"></span>9 <span class=\"_ _9a\"> </span><span class=\"lsc4 wsc3\">1<span class=\"_ _0\"></span>,<span class=\"_ _2\"></span>9<span class=\"_ _2\"></span>0<span class=\"_ _0\"></span>7.<span class=\"_ _2\"></span>4<span class=\"_ _0\"></span> <span class=\"_ _89\"> </span><span class=\"ls2 ws2\">4,4<span class=\"_ _6\"></span>16.3 <span class=\"_ _8e\"> </span><span class=\"ff1\">1,<span class=\"_ _6\"></span>14<span class=\"_ _6\"></span>2.3 <span class=\"_ _6b\"> </span><span class=\"lsf8 wsfd\">1<span class=\"_ _2\"></span>,<span class=\"_ _2\"></span>2<span class=\"_ _2\"></span>6<span class=\"_ _2\"></span>9.<span class=\"_ _2\"></span>8<span class=\"_ _2\"></span> <span class=\"_ _a1\"> </span></span>2,4<span class=\"_ _8\"></span>12.<span class=\"_ _6\"></span>1 </span></span></span></div><div class=\"t m3 hd ff1 fs7 fc3 sc0 ls11 ws2 gs47a\">Stage 3<span class=\"_ _198\"> </span><span class=\"ff2 lscd wsce\">345.7<span class=\"_ _1\"></span> <span class=\"_ _70\"> </span><span class=\"ls2 ws2\">156.0 <span class=\"_ _70\"> </span>501.7 <span class=\"_ _70\"> </span></span></span><span class=\"lsd7 wsd7\">3<span class=\"_ _2\"></span>6<span class=\"_ _1\"></span>0<span class=\"_ _1\"></span>.4<span class=\"_ _2\"></span> <span class=\"_ _254\"> </span><span class=\"lsf8 wsfd\">9<span class=\"_ _2\"></span>9.<span class=\"_ _1\"></span>1<span class=\"_ _2\"></span> <span class=\"_ _98\"> </span>4<span class=\"_ _1\"></span>5<span class=\"_ _2\"></span>9.<span class=\"_ _2\"></span>5<span class=\"_ _2\"></span> </span></span></div><div class=\"t m3 hd ff1 fs7 fc3 sc0 ls11 ws2 gs47b\">Stage 3 (POCI)<span class=\"_ _291\"> </span><span class=\"ff2 ls6f ws75\">38.5 <span class=\"_ _3b\"> </span><span class=\"ls11 ws6e\">44.5 <span class=\"_ _18d\"> </span><span class=\"ls7e ws16\">83<span class=\"_ _1\"></span>.0 <span class=\"_ _5c\"> </span></span></span></span><span class=\"ls79 wse8\">45.2 <span class=\"_ _5c\"> </span></span><span class=\"ls2\">52.2 <span class=\"_ _96\"> </span><span class=\"lsc8 wsc8\">9<span class=\"_ _0\"></span>7.<span class=\"_ _1\"></span>4<span class=\"_ _0\"> </span> </span></span></div><div class=\"t m3 hd ff1 fs7 fc3 sc0 ls2 ws2 gs47c\"> <span class=\"_ _79\"> </span><span class=\"ff2 ls14 ws11\">13,081.5 <span class=\"_ _b3\"> </span><span class=\"ls81 wsdf\">10<span class=\"_ _1\"></span>,4<span class=\"_ _1\"></span>8<span class=\"_ _1\"></span>3<span class=\"_ _1\"></span>.4<span class=\"_ _1\"></span> <span class=\"_ _3a\"> </span><span class=\"lsc5 wsc4\">2<span class=\"_ _1\"></span>3<span class=\"_ _2\"></span>,<span class=\"_ _1\"></span>5<span class=\"_ _1\"></span>6<span class=\"_ _2\"></span>4<span class=\"_ _1\"></span>.9<span class=\"_ _1\"></span> <span class=\"_ _69\"> </span></span></span></span><span class=\"ls9f wsbc\">11,<span class=\"_ _8\"></span>941.<span class=\"_ _6\"></span>1 <span class=\"_ _6b\"> </span><span class=\"lsf8 wsfd\">9,1<span class=\"_ _2\"></span>0<span class=\"_ _2\"></span>6<span class=\"_ _2\"></span>.<span class=\"_ _2\"></span>8<span class=\"_ _2\"></span> <span class=\"_ _88\"> </span><span class=\"lsc8 wsc8\">2<span class=\"_ _0\"> </span>1<span class=\"_ _0\"></span>,<span class=\"_ _0\"></span>0<span class=\"_ _0\"></span>4<span class=\"_ _2\"></span>7.<span class=\"_ _1\"></span>9<span class=\"_ _0\"> </span> </span></span></span></div><div class=\"t m3 h8 ff1 fs5 fc3 sc0 ls2 ws2 gs47d\">1. For f<span class=\"_ _1\"></span>ur<span class=\"_ _1\"></span>th<span class=\"_ _1\"></span>e<span class=\"_ _1\"></span>r det<span class=\"_ _1\"></span>ail r<span class=\"_ _1\"></span>el<span class=\"_ _1\"></span>ati<span class=\"_ _1\"></span>ng to m<span class=\"_ _1\"></span>ove<span class=\"_ _1\"></span>m<span class=\"_ _1\"></span>ent<span class=\"_ _1\"></span>s by s<span class=\"_ _1\"></span>ta<span class=\"_ _1\"></span>ge s<span class=\"_ _1\"></span>e<span class=\"_ _1\"></span>e the R<span class=\"_ _1\"></span>is<span class=\"_ _1\"></span>k rev<span class=\"_ _1\"></span>ie<span class=\"_ _1\"></span>w on p<span class=\"_ _1\"></span>ag<span class=\"_ _1\"></span>es 52-75.<span class=\"_ _383\"> </span></div><div class=\"t m3 hd ff1 fs7 fc3 sc0 ls11 ws2 gs47e\">The mortgage loan balances pledged as collateral for liabilities ar<span class=\"_ _6\"></span>e:<span class=\"_ _383\"> </span></div><div class=\"t m3 h3a ff2 fs5 fc3 sc0 lse ws71 gs47f\">2022<span class=\"_ _383\"> </span></div><div class=\"t m3 h3a ff2 fs5 fc3 sc0 lse ws71 gs480\">\u00a3m<span class=\"_ _383\"> </span></div><div class=\"t m3 h8 ff1 fs5 fc3 sc0 lse ws71 gs481\">2021<span class=\"_ _383\"> </span></div><div class=\"t m3 h8 ff1 fs5 fc3 sc0 lse ws71 gs482\">\u00a3m<span class=\"_ _383\"> </span></div><div class=\"t m3 hd ff1 fs7 fc3 sc0 ls11 ws2 gs483\">BoE under TFSME and Index<span class=\"_ _6\"></span>ed Long-<span class=\"_ _9\"></span>T<span class=\"_ _6\"></span>erm Repo (IL<span class=\"_ _1f6\"></span>TR)<span class=\"_ _292\"> </span><span class=\"ff2 lsc6 wsc5\">6<span class=\"_ _2\"></span>,4<span class=\"_ _2\"></span>3<span class=\"_ _2\"></span>9.<span class=\"_ _2\"></span>7<span class=\"_ _1\"></span> <span class=\"_ _d\"> </span></span><span class=\"lsc8 wsc8\">5<span class=\"_ _2\"></span>,<span class=\"_ _3\"> </span>8<span class=\"_ _0\"></span>8<span class=\"_ _2\"></span>7.<span class=\"_ _3\"> </span>2<span class=\"_ _383\"> </span></span></div><div class=\"t m3 hd ff1 fs7 fc3 sc0 ls11 ws6e gs484\">Securitisation<span class=\"_ _183\"> </span><span class=\"ff2 ls81 wsdf\">2<span class=\"_ _1\"></span>6<span class=\"_ _1\"></span>5<span class=\"_ _1\"></span>.4<span class=\"_ _1\"></span> <span class=\"_ _70\"> </span></span><span class=\"ls6f ws75\">486.5</span></div><div class=\"t m3 hd ff1 fs7 fc3 sc0 ls2 ws2 gs485\"> <span class=\"_ _224\"> </span><span class=\"ff2 lsc3 wsc2\">6<span class=\"_ _2\"></span>,<span class=\"_ _1\"></span>70<span class=\"_ _2\"></span>5<span class=\"_ _1\"></span>.1<span class=\"_ _2\"></span> <span class=\"_ _d\"> </span></span><span class=\"ls2c ws29\">6,37<span class=\"_ _6\"></span>3.7<span class=\"_ _383\"> </span></span></div><div class=\"t m3 hd ff1 fs7 fc3 sc0 ls11 ws2 gs486\">The Group<span class=\"_ _8\"></span>\u2019<span class=\"_ _6\"></span>s securitisation progr<span class=\"_ _6\"></span>ammes and use of TFSME and IL<span class=\"_ _1f6\"></span>TR result in certain assets being encumbered as collater<span class=\"_ _6\"></span>al against such funding. </div><div class=\"t m3 hd ff1 fs7 fc3 sc0 ls11 ws2 gs487\">As at 31 December 2022, the percentage o<span class=\"_ _6\"></span>f the Group<span class=\"_ _8\"></span>\u2019<span class=\"_ _6\"></span>s gross loans and adv<span class=\"_ _6\"></span>ances to customers that ar<span class=\"_ _6\"></span>e encumbered w<span class=\"_ _6\"></span>as 28% (2<span class=\"_ _6\"></span>021: 30%). </div><div class=\"t m0 hd ff1 fs7 fc3 sc0 ls11 ws2 gs489\">The table below sho<span class=\"_ _8\"></span>w the movement in loans and adv<span class=\"_ _6\"></span>ances to customers by IFR<span class=\"_ _6\"></span>S 9 stage during the year:<span class=\"_ _383\"> </span></div><div class=\"t m0 h3a ff2 fs5 fc3 sc0 lse ws2 gs48a\">Stage 1<span class=\"_ _383\"> </span></div><div class=\"t m0 h3a ff2 fs5 fc3 sc0 lse ws71 gs48b\">\u00a3m<span class=\"_ _383\"> </span></div><div class=\"t m0 h3a ff2 fs5 fc3 sc0 lse ws2 gs48c\">Stage 2<span class=\"_ _383\"> </span></div><div class=\"t m0 h3a ff2 fs5 fc3 sc0 lse ws71 gs48d\">\u00a3m<span class=\"_ _383\"> </span></div><div class=\"t m0 h3a ff2 fs5 fc3 sc0 lse ws2 gs48e\">Stage 3<span class=\"_ _383\"> </span></div><div class=\"t m0 h3a ff2 fs5 fc3 sc0 lse ws71 gs48f\">\u00a3m<span class=\"_ _383\"> </span></div><div class=\"t m0 h3a ff2 fs5 fc3 sc0 lse ws2 gs490\">Stage 3 (POCI)<span class=\"_ _383\"> </span></div><div class=\"t m0 h3a ff2 fs5 fc3 sc0 lse ws71 gs491\">\u00a3m<span class=\"_ _383\"> </span></div><div class=\"t m0 h3a ff2 fs5 fc3 sc0 lsc2 wsc1 gs492\">To<span class=\"_ _1\"></span>t<span class=\"_ _2\"></span>a<span class=\"_ _1\"></span>l<span class=\"_ _383\"> </span></div><div class=\"t m0 h3a ff2 fs5 fc3 sc0 lse ws71 gs493\">\u00a3m<span class=\"_ _383\"> </span></div><div class=\"t m0 hd ff1 fs7 fc3 sc0 ls11 ws2 gs494\">At 1 January 2<span class=\"_ _6\"></span>021<span class=\"_ _80\"> </span><span class=\"lscc wscd\">16,0<span class=\"_ _1\"></span>6<span class=\"_ _1\"></span>0.<span class=\"_ _1\"></span>3<span class=\"_ _d2\"> </span></span><span class=\"ls2\">2,68<span class=\"_ _1\"></span>9<span class=\"_ _8\"></span>.6<span class=\"_ _5a\"> </span>392.6<span class=\"_ _93\"> </span><span class=\"lsc7 ws7f\">114.<span class=\"_ _1\"></span>6<span class=\"_ _69\"> </span><span class=\"lsc8 wsc8\">1<span class=\"_ _2\"></span>9<span class=\"_ _1\"></span>,<span class=\"_ _0\"> </span>2<span class=\"_ _0\"></span>5<span class=\"_ _0\"></span>7.<span class=\"_ _2\"></span>1<span class=\"_ _383\"> </span></span></span></span></div><div class=\"t m0 hd ff1 fs7 fc3 sc0 ls11 ws6e gs495\">Originations<span class=\"_ _383\"> </span></div><div class=\"t m0 h1f ff1 fsf fc3 sc0 ls2 ws2 gs496\">1<span class=\"_ _383\"> </span></div><div class=\"t m0 hd ff1 fs7 fc3 sc0 lsd7 wsd7 gs497\">4,<span class=\"_ _2\"></span>5<span class=\"_ _1\"></span>2<span class=\"_ _1\"></span>3<span class=\"_ _1\"></span>.4<span class=\"_ _d9\"> </span><span class=\"ls2 ws2\">\u2013<span class=\"_ _d9\"> </span>\u2013<span class=\"_ _1cc\"> </span>\u2013<span class=\"_ _d2\"> </span></span>4<span class=\"_ _1\"></span>,<span class=\"_ _1\"></span>5<span class=\"_ _1\"></span>2<span class=\"_ _1\"></span>3<span class=\"_ _2\"></span>.4<span class=\"_ _383\"> </span></div><div class=\"t m0 hd ff1 fs7 fc3 sc0 ls11 ws6e gs498\">Acquisitions</div><div class=\"t m0 h1f ff1 fsf fc3 sc0 ls2 ws2 gs499\">2<span class=\"_ _383\"> </span></div><div class=\"t m0 hd ff1 fs7 fc3 sc0 lsc8 wsc8 gs49a\">2<span class=\"_ _2\"></span>7<span class=\"_ _3\"> </span>7.<span class=\"_ _0\"></span>7<span class=\"_ _35\"> </span><span class=\"ls2 ws2\">\u2013<span class=\"_ _d9\"> </span>\u2013<span class=\"_ _e5\"> </span>2.7 <span class=\"_ _70\"> </span><span class=\"lsd7 wsd7\">2<span class=\"_ _1\"></span>8<span class=\"_ _2\"></span>0<span class=\"_ _1\"></span>.4<span class=\"_ _383\"> </span></span></span></div><div class=\"t m0 hd ff1 fs7 fc3 sc0 ls11 ws6e gs49b\">Disposals</div><div class=\"t m0 h1f ff1 fsf fc3 sc0 ls2 ws2 gs49c\">2<span class=\"_ _383\"> </span></div><div class=\"t m0 hd ff1 fs7 fc3 sc0 lsd7 wsd7 gs49d\">(2<span class=\"_ _2\"></span>1<span class=\"_ _1\"></span>4<span class=\"_ _1\"></span>.4)<span class=\"_ _3f\"> </span><span class=\"ls2 ws2\">\u2013<span class=\"_ _1cc\"> </span>\u2013<span class=\"_ _1cc\"> </span>\u2013<span class=\"_ _a9\"> </span></span>(<span class=\"_ _1\"></span>2<span class=\"_ _1\"></span>1<span class=\"_ _2\"></span>4.4<span class=\"_ _1\"></span>)<span class=\"_ _383\"> </span></div><div class=\"t m0 hd ff1 fs7 fc3 sc0 ls11 ws2 gs49e\">Repayments and writ<span class=\"_ _6\"></span><span class=\"_ _383\">e-offs</span></div><div class=\"t m0 h1f ff1 fsf fc3 sc0 ls2 ws2 gs49f\">3<span class=\"_ _383\"> </span></div><div class=\"t m0 hd ff1 fs7 fc3 sc0 ls2 ws2 gs4a0\">(2,539<span class=\"_ _1f6\"></span>.8)<span class=\"_ _7d\"> </span><span class=\"lscc wscd\">(16<span class=\"_ _1\"></span>0.<span class=\"_ _1\"></span>3)<span class=\"_ _5a\"> </span><span class=\"lsc7 ws7f\">(<span class=\"_ _1\"></span>7<span class=\"_ _1\"></span>8.<span class=\"_ _1\"></span>6)<span class=\"_ _5c\"> </span><span class=\"lsf8 wsfd\">(<span class=\"_ _2\"></span>1<span class=\"_ _2\"></span>9.9<span class=\"_ _2\"></span>)<span class=\"_ _aa\"> </span></span>(2<span class=\"_ _1\"></span>,<span class=\"_ _1\"></span>7<span class=\"_ _1\"></span>98<span class=\"_ _1\"></span>.<span class=\"_ _1\"></span>6)<span class=\"_ _383\"> </span></span></span></div><div class=\"t m0 hd ff1 fs7 fc3 sc0 ls11 ws6e gs4a1\">T<span class=\"_ _8\"></span>ransfer<span class=\"_ _6\"></span>s:<span class=\"_ _383\"> </span></div><div class=\"t m0 hd ff1 fs7 fc3 sc0 ls11 ws2 gs4a2\">\u2013 T<span class=\"_ _8\"></span>o Stage 1<span class=\"_ _162\"> </span><span class=\"ls9f wsbc\">1,<span class=\"_ _6\"></span>401.0<span class=\"_ _1\"></span> <span class=\"_ _a5\"> </span>(1,370.2)<span class=\"_ _50\"> </span><span class=\"lscc wscd\">(30<span class=\"_ _1\"></span>.8)<span class=\"_ _20e\"> </span><span class=\"ls2 ws2\">\u2013<span class=\"_ _d9\"> </span>\u2013<span class=\"_ _383\"> </span></span></span></span></div><div class=\"t m0 hd ff1 fs7 fc3 sc0 ls11 ws2 gs4a3\">\u2013 T<span class=\"_ _8\"></span>o Stage 2<span class=\"_ _210\"> </span><span class=\"lsf8 wsfd\">(<span class=\"_ _2\"></span>1<span class=\"_ _2\"></span>,<span class=\"_ _2\"></span>3<span class=\"_ _2\"></span>3<span class=\"_ _2\"></span>9.<span class=\"_ _2\"></span>7<span class=\"_ _3\"> </span>)<span class=\"_ _69\"> </span><span class=\"ls2c ws29\">1,384.<span class=\"_ _8\"></span>1 <span class=\"_ _91\"> </span><span class=\"lsd7 wsd7\">(<span class=\"_ _2\"></span>4<span class=\"_ _2\"></span>4.4<span class=\"_ _1\"></span>)<span class=\"_ _20e\"> </span><span class=\"ls2 ws2\">\u2013<span class=\"_ _d9\"> </span>\u2013<span class=\"_ _383\"> </span></span></span></span></span></div><div class=\"t m0 hd ff1 fs7 fc3 sc0 ls11 ws2 gs4a4\">\u2013 T<span class=\"_ _8\"></span>o Stage 3<span class=\"_ _293\"> </span><span class=\"lsf8 wsfd\">(<span class=\"_ _1\"></span>8<span class=\"_ _2\"></span>9.<span class=\"_ _2\"></span>6<span class=\"_ _2\"></span>)<span class=\"_ _3e\"> </span><span class=\"ls7d wse2\">(131<span class=\"_ _6\"></span>.<span class=\"_ _6\"></span>1)<span class=\"_ _70\"> </span><span class=\"lse3 wse7\">220.7 <span class=\"_ _20e\"> </span><span class=\"ls2 ws2\">\u2013<span class=\"_ _d9\"> </span>\u2013<span class=\"_ _383\"> </span></span></span></span></span></div><div class=\"t m0 hd ff1 fs7 fc3 sc0 ls11 ws2 gs4a5\">At 31 December 2021<span class=\"_ _294\"> </span><span class=\"ls2c ws29\">18,0<span class=\"_ _8\"></span>78.<span class=\"_ _6\"></span>9<span class=\"_ _122\"> </span><span class=\"ls2 ws2\">2,4<span class=\"_ _8\"></span>12.<span class=\"_ _6\"></span>1<span class=\"_ _91\"> </span><span class=\"lsf8 wsfd\">4<span class=\"_ _2\"></span>5<span class=\"_ _2\"></span>9.<span class=\"_ _2\"></span>5<span class=\"_ _1b4\"> </span><span class=\"lsc8 wsc8\">9<span class=\"_ _0\"></span>7.<span class=\"_ _1\"></span>4<span class=\"_ _121\"> </span>2<span class=\"_ _0\"></span>1<span class=\"_ _2\"></span>,<span class=\"_ _0\"></span>0<span class=\"_ _0\"> </span>4<span class=\"_ _2\"></span>7.<span class=\"_ _2\"></span>9<span class=\"_ _383\"> </span></span></span></span></span></div><div class=\"t m0 hd ff1 fs7 fc3 sc0 ls11 ws6e gs4a6\">Originations<span class=\"_ _383\"> </span></div><div class=\"t m0 h1f ff1 fsf fc3 sc0 ls2 ws2 gs4a7\">1<span class=\"_ _383\"> </span></div><div class=\"t m0 hc ff2 fs7 fc3 sc0 ls2 ws2 gs4a8\">5,829<span class=\"_ _8\"></span>.6 <span class=\"_ _3f\"> </span>\u2013<span class=\"_ _116\"> </span>\u2013<span class=\"_ _1cc\"> </span>\u2013<span class=\"_ _66\"> </span>5,829<span class=\"_ _6\"></span>.6 </div><div class=\"t m0 hd ff1 fs7 fc3 sc0 ls11 ws2 gs4a9\">Repayments and writ<span class=\"_ _6\"></span><span class=\"_ _383\">e-offs</span></div><div class=\"t m0 h1f ff1 fsf fc3 sc0 ls2 ws2 gs4aa\">3<span class=\"_ _383\"> </span></div><div class=\"t m0 hc ff2 fs7 fc3 sc0 ls1c wsb5 gs4ab\">(2<span class=\"_ _1\"></span>,8<span class=\"_ _1\"></span>5<span class=\"_ _1\"></span>5<span class=\"_ _1\"></span>.<span class=\"_ _1\"></span>3)<span class=\"_ _6b\"> </span><span class=\"ls2c ws29\">(353.6)<span class=\"_ _8c\"> </span><span class=\"lsc6 wsc5\">(<span class=\"_ _1\"></span>8<span class=\"_ _2\"></span>9.<span class=\"_ _2\"></span>3<span class=\"_ _1\"></span>)<span class=\"_ _91\"> </span><span class=\"lsa wse4\">(1<span class=\"_ _1\"></span>4<span class=\"_ _1\"></span>.4)<span class=\"_ _202\"> </span><span class=\"lsf9 ws82\">(3,31<span class=\"_ _6\"></span>2.6)<span class=\"_ _383\"> </span></span></span></span></span></div><div class=\"t m0 hd ff1 fs7 fc3 sc0 ls11 ws6e gs4ac\">T<span class=\"_ _8\"></span>ransfer<span class=\"_ _6\"></span>s:<span class=\"_ _295\"> </span><span class=\"ff2 ls2 ws2\"> <span class=\"_ _11a\"> </span> <span class=\"_ _11a\"> </span> <span class=\"_ _21a\"> </span> <span class=\"_ _11a\"> </span> </span></div><div class=\"t m0 hd ff1 fs7 fc3 sc0 ls11 ws2 gs4ad\">\u2013 T<span class=\"_ _8\"></span>o Stage 1<span class=\"_ _162\"> </span><span class=\"ff2 lsd7 wsd7\">1<span class=\"_ _1\"></span>,1<span class=\"_ _1\"></span>2<span class=\"_ _1\"></span>1<span class=\"_ _1\"></span>.<span class=\"_ _2\"></span>6<span class=\"_ _1\"></span> <span class=\"_ _1fe\"> </span><span class=\"ls7e ws16\">(1,098.0)<span class=\"_ _8c\"> </span><span class=\"ls1c wsb5\">(2<span class=\"_ _1\"></span>3.<span class=\"_ _1\"></span>6)<span class=\"_ _1da\"> </span><span class=\"ls2 ws2\">\u2013<span class=\"_ _1cc\"> </span>\u2013<span class=\"_ _383\"> </span></span></span></span></span></div><div class=\"t m0 hd ff1 fs7 fc3 sc0 ls11 ws2 gs4ae\">\u2013 T<span class=\"_ _8\"></span>o Stage 2<span class=\"_ _383\"> </span></div><div class=\"t m0 h1f ff1 fsf fc3 sc0 ls2 ws2 gs4af\">4<span class=\"_ _383\"> </span></div><div class=\"t m0 hc ff2 fs7 fc3 sc0 lscb wscb gs4b0\">(3,<span class=\"_ _1\"></span>52<span class=\"_ _1\"></span>4.<span class=\"_ _1\"></span>0)<span class=\"_ _a6\"> </span><span class=\"lsc9 wsc9\">3,<span class=\"_ _1\"></span>574.<span class=\"_ _1\"></span>6 <span class=\"_ _98\"> </span><span class=\"ls88 wse3\">(5<span class=\"_ _1\"></span>0.<span class=\"_ _1\"></span>6)<span class=\"_ _1da\"> </span><span class=\"ls2 ws2\">\u2013<span class=\"_ _1cc\"> </span>\u2013<span class=\"_ _383\"> </span></span></span></span></div><div class=\"t m0 hd ff1 fs7 fc3 sc0 ls11 ws2 gs4b1\">\u2013 T<span class=\"_ _8\"></span>o Stage 3<span class=\"_ _296\"> </span><span class=\"ff2 ls2\">(86.<span class=\"_ _8\"></span>9)<span class=\"_ _73\"> </span><span class=\"lscb wscb\">(<span class=\"_ _1\"></span>118<span class=\"_ _1\"></span>.8<span class=\"_ _1\"></span>)<span class=\"_ _73\"> </span></span>205.7 <span class=\"_ _3f\"> </span>\u2013<span class=\"_ _1cc\"> </span>\u2013<span class=\"_ _383\"> </span></span></div><div class=\"t m0 hc ff2 fs7 fc3 sc0 ls11 ws2 gs4b2\">At 31 December 2022<span class=\"_ _e2\"> </span><span class=\"lsf9 ws82\">18,563.<span class=\"_ _8\"></span>9 <span class=\"_ _89\"> </span><span class=\"ls2 ws2\">4,4<span class=\"_ _8\"></span>16.3 <span class=\"_ _8c\"> </span>501.7 <span class=\"_ _18d\"> </span><span class=\"ls7e ws16\">83.0<span class=\"_ _1\"></span> <span class=\"_ _3a\"> </span><span class=\"lsc5 wsc4\">2<span class=\"_ _1\"></span>3<span class=\"_ _1\"></span>,<span class=\"_ _2\"></span>5<span class=\"_ _1\"></span>6<span class=\"_ _1\"></span>4<span class=\"_ _1\"></span>.9<span class=\"_ _2\"></span> </span></span></span></span></div><div class=\"t m0 h8 ff1 fs5 fc3 sc0 ls2 ws2 gs4b3\">1. <span class=\"_ _41\"> </span>Or<span class=\"_ _1\"></span>igi<span class=\"_ _1\"></span>na<span class=\"_ _1\"></span>tio<span class=\"_ _1\"></span>ns i<span class=\"_ _1\"></span>nc<span class=\"_ _1\"></span>lud<span class=\"_ _1\"></span>e fu<span class=\"_ _1\"></span>r<span class=\"_ _1\"></span>th<span class=\"_ _1\"></span>er a<span class=\"_ _1\"></span>dva<span class=\"_ _1\"></span>nc<span class=\"_ _1\"></span>es a<span class=\"_ _1\"></span>nd d<span class=\"_ _1\"></span>raw<span class=\"_ _1\"></span>do<span class=\"_ _1\"></span>wn<span class=\"_ _1\"></span>s on ex<span class=\"_ _1\"></span>is<span class=\"_ _1\"></span>tin<span class=\"_ _1\"></span>g co<span class=\"_ _1\"></span>mmi<span class=\"_ _1\"></span>tm<span class=\"_ _1\"></span>ent<span class=\"_ _1\"></span>s. </div><div class=\"t m0 h8 ff1 fs5 fc3 sc0 ls2 ws2 gs4b4\">2. <span class=\"_ _34\"> </span> <span class=\"_ _7\"></span>The G<span class=\"_ _1\"></span>ro<span class=\"_ _1\"></span>up a<span class=\"_ _1\"></span>cte<span class=\"_ _1\"></span>d a<span class=\"_ _1\"></span>s co<span class=\"_ _1\"></span>-a<span class=\"_ _1\"></span>rra<span class=\"_ _1\"></span>ng<span class=\"_ _1\"></span>er i<span class=\"_ _1\"></span>n the r<span class=\"_ _1\"></span>e-<span class=\"_ _1\"></span>se<span class=\"_ _1\"></span>cu<span class=\"_ _1\"></span>rit<span class=\"_ _1\"></span>isa<span class=\"_ _1\"></span>tio<span class=\"_ _1\"></span>n of \u00a3<span class=\"_ _1\"></span>229.6m of th<span class=\"_ _1\"></span>ird p<span class=\"_ _1\"></span>ar<span class=\"_ _1\"></span>ty m<span class=\"_ _1\"></span>or<span class=\"_ _1\"></span>t<span class=\"_ _1\"></span>ga<span class=\"_ _1\"></span>ge<span class=\"_ _1\"></span>s fro<span class=\"_ _1\"></span>m th<span class=\"_ _1\"></span>e Ro<span class=\"_ _1\"></span>ch<span class=\"_ _1\"></span>es<span class=\"_ _1\"></span>te<span class=\"_ _1\"></span>r Fin<span class=\"_ _1\"></span>an<span class=\"_ _1\"></span>ci<span class=\"_ _1\"></span>ng N<span class=\"_ _1\"></span>o.2 P<span class=\"_ _1\"></span>LC se<span class=\"_ _1\"></span>cur<span class=\"_ _1\"></span>iti<span class=\"_ _1\"></span>sa<span class=\"_ _1\"></span>tio<span class=\"_ _1\"></span>n to th<span class=\"_ _1\"></span>e ne<span class=\"_ _1\"></span>w </div><div class=\"t m0 h8 ff1 fs5 fc3 sc0 ls2 ws2 gs4b5\">Ro<span class=\"_ _1\"></span>ch<span class=\"_ _1\"></span>es<span class=\"_ _1\"></span>ter F<span class=\"_ _1\"></span>in<span class=\"_ _1\"></span>an<span class=\"_ _1\"></span>cin<span class=\"_ _1\"></span>g No.<span class=\"_ _1\"></span>3 PLC se<span class=\"_ _1\"></span>c<span class=\"_ _1\"></span>uri<span class=\"_ _1\"></span>tis<span class=\"_ _1\"></span>ati<span class=\"_ _1\"></span>on o<span class=\"_ _1\"></span>n 15 Ju<span class=\"_ _1\"></span>ne 20<span class=\"_ _1\"></span>21. N<span class=\"_ _1\"></span>ei<span class=\"_ _1\"></span>the<span class=\"_ _1\"></span>r s<span class=\"_ _1\"></span>ec<span class=\"_ _1\"></span>uri<span class=\"_ _1\"></span>tis<span class=\"_ _1\"></span>ati<span class=\"_ _1\"></span>on i<span class=\"_ _1\"></span>s a su<span class=\"_ _1\"></span>bs<span class=\"_ _1\"></span>idi<span class=\"_ _1\"></span>ary o<span class=\"_ _1\"></span>f th<span class=\"_ _1\"></span>e Gro<span class=\"_ _1\"></span>up. U<span class=\"_ _1\"></span>nd<span class=\"_ _1\"></span>er t<span class=\"_ _1\"></span>he t<span class=\"_ _1\"></span>erm<span class=\"_ _1\"></span>s of th<span class=\"_ _1\"></span>e mo<span class=\"_ _1\"></span>r<span class=\"_ _1\"></span>tg<span class=\"_ _1\"></span>ag<span class=\"_ _1\"></span>e sa<span class=\"_ _1\"></span>le a<span class=\"_ _1\"></span>gre<span class=\"_ _1\"></span>e<span class=\"_ _1\"></span>me<span class=\"_ _1\"></span>nts<span class=\"_ _1\"></span>, th<span class=\"_ _1\"></span>e </div><div class=\"t m0 h8 ff1 fs5 fc3 sc0 ls2 ws2 gs4b6\">Gro<span class=\"_ _1\"></span>up r<span class=\"_ _1\"></span>ec<span class=\"_ _1\"></span>o<span class=\"_ _1\"></span>gni<span class=\"_ _1\"></span>se<span class=\"_ _1\"></span>d th<span class=\"_ _1\"></span>e mo<span class=\"_ _1\"></span>r<span class=\"_ _1\"></span>tga<span class=\"_ _1\"></span>ge<span class=\"_ _1\"></span>s as a p<span class=\"_ _1\"></span>ur<span class=\"_ _1\"></span>ch<span class=\"_ _1\"></span>as<span class=\"_ _1\"></span>e fro<span class=\"_ _1\"></span>m Ro<span class=\"_ _1\"></span>ch<span class=\"_ _1\"></span>e<span class=\"_ _1\"></span>ste<span class=\"_ _1\"></span>r Fi<span class=\"_ _1\"></span>nan<span class=\"_ _1\"></span>ci<span class=\"_ _1\"></span>ng N<span class=\"_ _1\"></span>o.<span class=\"_ _1\"></span>2 PLC and i<span class=\"_ _1\"></span>mm<span class=\"_ _1\"></span>ed<span class=\"_ _1\"></span>ia<span class=\"_ _1\"></span>tel<span class=\"_ _1\"></span>y de<span class=\"_ _1\"></span>re<span class=\"_ _1\"></span>co<span class=\"_ _1\"></span>gn<span class=\"_ _1\"></span>is<span class=\"_ _1\"></span>ed t<span class=\"_ _1\"></span>he<span class=\"_ _1\"></span>m as a s<span class=\"_ _1\"></span>al<span class=\"_ _1\"></span>e to Ro<span class=\"_ _1\"></span>ch<span class=\"_ _1\"></span>es<span class=\"_ _1\"></span>te<span class=\"_ _1\"></span>r Fin<span class=\"_ _1\"></span>an<span class=\"_ _1\"></span>ci<span class=\"_ _1\"></span>ng N<span class=\"_ _1\"></span>o.3 P<span class=\"_ _1\"></span>LC. </div><div class=\"t m0 h8 ff1 fs5 fc3 sc0 ls2 ws2 gs4b7\">On<span class=\"_ _1\"></span>eS<span class=\"_ _1\"></span>a<span class=\"_ _1\"></span>vin<span class=\"_ _1\"></span>gs B<span class=\"_ _1\"></span>an<span class=\"_ _1\"></span>k pl<span class=\"_ _1\"></span>c is t<span class=\"_ _1\"></span>he m<span class=\"_ _1\"></span>as<span class=\"_ _1\"></span>ter s<span class=\"_ _1\"></span>e<span class=\"_ _1\"></span>r<span class=\"_ _1\"></span>vi<span class=\"_ _1\"></span>ce<span class=\"_ _1\"></span>r of th<span class=\"_ _1\"></span>e m<span class=\"_ _1\"></span>or<span class=\"_ _1\"></span>tg<span class=\"_ _1\"></span>ag<span class=\"_ _1\"></span>es<span class=\"_ _1\"></span>, an<span class=\"_ _1\"></span>d ha<span class=\"_ _1\"></span>s ret<span class=\"_ _1\"></span>ain<span class=\"_ _1\"></span>e<span class=\"_ _1\"></span>d 5% of th<span class=\"_ _1\"></span>es<span class=\"_ _1\"></span>e mo<span class=\"_ _1\"></span>r<span class=\"_ _1\"></span>tga<span class=\"_ _1\"></span>ge<span class=\"_ _1\"></span>s, a<span class=\"_ _1\"></span>s re<span class=\"_ _1\"></span>qu<span class=\"_ _1\"></span>ir<span class=\"_ _1\"></span>ed u<span class=\"_ _1\"></span>nd<span class=\"_ _1\"></span>er th<span class=\"_ _1\"></span>e re<span class=\"_ _1\"></span>te<span class=\"_ _1\"></span>ntio<span class=\"_ _1\"></span>n ru<span class=\"_ _1\"></span>le<span class=\"_ _1\"></span>s. I<span class=\"_ _1\"></span>n ad<span class=\"_ _1\"></span>diti<span class=\"_ _1\"></span>on t<span class=\"_ _1\"></span>o the G<span class=\"_ _1\"></span>ro<span class=\"_ _1\"></span>up </div><div class=\"t m0 h8 ff1 fs5 fc3 sc0 ls2 ws2 gs4b8\">ac<span class=\"_ _1\"></span>tin<span class=\"_ _1\"></span>g as c<span class=\"_ _1\"></span>o-<span class=\"_ _1\"></span>arr<span class=\"_ _1\"></span>an<span class=\"_ _1\"></span>ge<span class=\"_ _1\"></span>r fo<span class=\"_ _1\"></span>r the r<span class=\"_ _1\"></span>e-<span class=\"_ _1\"></span>se<span class=\"_ _1\"></span>cu<span class=\"_ _1\"></span>rit<span class=\"_ _1\"></span>is<span class=\"_ _1\"></span>atio<span class=\"_ _1\"></span>n of R<span class=\"_ _1\"></span>oc<span class=\"_ _1\"></span>he<span class=\"_ _1\"></span>st<span class=\"_ _1\"></span>er F<span class=\"_ _1\"></span>ina<span class=\"_ _1\"></span>nc<span class=\"_ _1\"></span>in<span class=\"_ _1\"></span>g No.<span class=\"_ _1\"></span>2 PLC, th<span class=\"_ _1\"></span>e Gr<span class=\"_ _1\"></span>oup p<span class=\"_ _1\"></span>ur<span class=\"_ _1\"></span>ch<span class=\"_ _1\"></span>as<span class=\"_ _1\"></span>ed a<span class=\"_ _1\"></span>n ex<span class=\"_ _1\"></span>te<span class=\"_ _1\"></span>rn<span class=\"_ _1\"></span>al mo<span class=\"_ _1\"></span>r<span class=\"_ _1\"></span>tg<span class=\"_ _1\"></span>ag<span class=\"_ _1\"></span>e bo<span class=\"_ _1\"></span>ok, a c<span class=\"_ _1\"></span>. \u00a35<span class=\"_ _1\"></span>5m p<span class=\"_ _1\"></span>or<span class=\"_ _1\"></span>t<span class=\"_ _1\"></span>fo<span class=\"_ _1\"></span>lio o<span class=\"_ _1\"></span>f UK r<span class=\"_ _1\"></span>es<span class=\"_ _1\"></span>id<span class=\"_ _1\"></span>en<span class=\"_ _1\"></span>tia<span class=\"_ _1\"></span>l </div><div class=\"t m0 h8 ff1 fs5 fc3 sc0 ls2 ws2 gs4b9\">mo<span class=\"_ _1\"></span>rt<span class=\"_ _1\"></span>ga<span class=\"_ _1\"></span>ge<span class=\"_ _1\"></span>s, a<span class=\"_ _1\"></span>t a dis<span class=\"_ _1\"></span>co<span class=\"_ _1\"></span>un<span class=\"_ _1\"></span>t to the t<span class=\"_ _1\"></span>he<span class=\"_ _1\"></span>n cu<span class=\"_ _1\"></span>rre<span class=\"_ _1\"></span>nt b<span class=\"_ _1\"></span>al<span class=\"_ _1\"></span>an<span class=\"_ _1\"></span>ce<span class=\"_ _1\"></span>s.<span class=\"_ _383\"> </span></div><div class=\"t m0 h8 ff1 fs5 fc3 sc0 ls2 ws2 gs4ba\">3. <span class=\"_ _34\"> </span> <span class=\"_ _7\"></span>Rep<span class=\"_ _1\"></span>ay<span class=\"_ _1\"></span>me<span class=\"_ _1\"></span>nt<span class=\"_ _1\"></span>s and w<span class=\"_ _1\"></span>ri<span class=\"_ _1\"></span>te<span class=\"_ _1\"></span><span class=\"_ _383\">-off</span><span class=\"_ _1\"></span>s in<span class=\"_ _1\"></span>cl<span class=\"_ _1\"></span>ud<span class=\"_ _1\"></span>e cu<span class=\"_ _1\"></span>sto<span class=\"_ _1\"></span>m<span class=\"_ _1\"></span>er re<span class=\"_ _1\"></span>d<span class=\"_ _1\"></span>em<span class=\"_ _1\"></span>pti<span class=\"_ _1\"></span>on<span class=\"_ _1\"></span>s and w<span class=\"_ _1\"></span>ri<span class=\"_ _1\"></span>te-<span class=\"_ _1\"></span><span class=\"_ _383\">off</span><span class=\"_ _1\"></span>s wh<span class=\"_ _1\"></span>ic<span class=\"_ _1\"></span>h ar<span class=\"_ _1\"></span>e imm<span class=\"_ _1\"></span>ate<span class=\"_ _1\"></span>ri<span class=\"_ _1\"></span>al.<span class=\"_ _383\"> </span></div><div class=\"t m0 h8 ff1 fs5 fc3 sc0 ls2 ws2 gs4bb\">4. <span class=\"_ _34\"> </span>Fo<span class=\"_ _1\"></span>r fur<span class=\"_ _1\"></span>t<span class=\"_ _1\"></span>he<span class=\"_ _1\"></span>r de<span class=\"_ _1\"></span>tai<span class=\"_ _1\"></span>ls re<span class=\"_ _1\"></span>la<span class=\"_ _1\"></span>tin<span class=\"_ _1\"></span>g to m<span class=\"_ _1\"></span>ove<span class=\"_ _1\"></span>me<span class=\"_ _1\"></span>nt<span class=\"_ _1\"></span>s by s<span class=\"_ _1\"></span>tag<span class=\"_ _1\"></span>e se<span class=\"_ _1\"></span>e Ri<span class=\"_ _1\"></span>sk r<span class=\"_ _1\"></span>ev<span class=\"_ _1\"></span>iew o<span class=\"_ _1\"></span>n p<span class=\"_ _1\"></span>ag<span class=\"_ _1\"></span>es 52-<span class=\"_ _6\"></span>75<span class=\"_ _1\"></span>.<span class=\"_ _383\"> </span></div><div class=\"t m0 hd ff1 fs7 fc3 sc0 ls11 ws2 gs4bc\">The contractual amoun<span class=\"_ _6\"></span>t outst<span class=\"_ _6\"></span>anding on loans and advances that wer<span class=\"_ _6\"></span><span class=\"_ _383\">e written off during the reporting period and are s</span><span class=\"_ _6\"></span>till subject to collections </div><div class=\"t m0 hd ff1 fs7 fc3 sc0 ls11 ws2 gs4bd\">and recov<span class=\"_ _6\"></span>ery activity is \u00a30<span class=\"_ _6\"></span>.8m at 31 December 2022 (<span class=\"_ _6\"></span>2021: \u00a31.5m).<span class=\"_ _383\"> </span></div><div class=\"t m0 hd ff1 fs7 fc3 sc0 ls11 ws2 gs4be\">As at 31 December 2022, \u00a3110.<span class=\"_ _8\"></span>0m of loans and advances (2021: \u00a39<span class=\"_ _8\"></span>7<span class=\"_ _1f6\"></span>.<span class=\"_ _8\"></span>4m) are in a probation period bef<span class=\"_ _6\"></span>ore they can mov<span class=\"_ _8\"></span>e out of Stage 3, <span class=\"ls2\"> </span></div><div class=\"t m0 hd ff1 fs7 fc3 sc0 ls11 ws2 gs4bf\">see note 1 p) f<span class=\"_ _6\"></span>or further details. </div><div class=\"t m0 hc ff2 fs7 fc2 sc0 ls2 ws2 gs4c0\"><span class=\"_ _383\">22.\u2002Fina</span><span class=\"_ _1\"></span>nce l<span class=\"_ _1\"></span>ea<span class=\"_ _1\"></span>ses<span class=\"_ _383\"> </span></div><div class=\"t m0 hd ff1 fs7 fc3 sc0 ls11 ws2 gs4c1\">The Group pro<span class=\"_ _6\"></span>vides asset \ufb01nance lending through In<span class=\"_ _6\"></span>terBay Asset Finance Limited.<span class=\"_ _383\"> </span></div><div class=\"t m0 h3a ff2 fs5 fc3 sc0 lse ws71 gs4c2\">2022<span class=\"_ _383\"> </span></div><div class=\"t m0 h3a ff2 fs5 fc3 sc0 lse ws71 gs4c3\">\u00a3m<span class=\"_ _383\"> </span></div><div class=\"t m0 h8 ff1 fs5 fc3 sc0 lse ws71 gs4c4\">2021<span class=\"_ _383\"> </span></div><div class=\"t m0 h8 ff1 fs5 fc3 sc0 lse ws71 gs4c5\">\u00a3m<span class=\"_ _383\"> </span></div><div class=\"t m0 hc ff2 fs7 fc3 sc0 ls11 ws2 gs4c6\">Gross inv<span class=\"_ _6\"></span>estment in \ufb01nance leases, receivable<span class=\"_ _297\"> </span><span class=\"ls2\"> </span></div><div class=\"t m0 hd ff1 fs7 fc3 sc0 ls11 ws2 gs4c7\">Less than one year<span class=\"_ _23e\"> </span><span class=\"ff2 ws6e\">60.7<span class=\"_ _9c\"> </span></span><span class=\"lsf8 wsfd\">3<span class=\"_ _2\"></span>9.<span class=\"_ _2\"></span>7<span class=\"_ _383\"> </span></span></div><div class=\"t m0 hd ff1 fs7 fc3 sc0 ls11 ws2 gs4c8\">Between one and tw<span class=\"_ _6\"></span>o years<span class=\"_ _1f0\"> </span><span class=\"ff2 ls6f ws75\">49<span class=\"_ _8\"></span>.5<span class=\"_ _d0\"> </span><span class=\"ff1 lsc8 wsc8\">2<span class=\"_ _0\"></span>7.<span class=\"_ _0\"></span>7<span class=\"_ _383\"> </span></span></span></div><div class=\"t m0 hd ff1 fs7 fc3 sc0 ls11 ws2 gs4c9\">Between tw<span class=\"_ _6\"></span>o and three years<span class=\"_ _298\"> </span><span class=\"ff2 ls2\">36.0<span class=\"_ _9c\"> </span></span><span class=\"lsc8 wsc8\">2<span class=\"_ _2\"></span>7.<span class=\"_ _0\"></span>5<span class=\"_ _383\"> </span></span></div><div class=\"t m0 hd ff1 fs7 fc3 sc0 ls11 ws2 gs4ca\">Between three and four ye<span class=\"_ _6\"></span>ars<span class=\"_ _1d2\"> </span><span class=\"ff2 ls81 wsdf\">23<span class=\"_ _1\"></span>.4<span class=\"_ _63\"> </span></span><span class=\"lsc8 wsc8\">1<span class=\"_ _2\"></span>7.<span class=\"_ _3\"> </span>2<span class=\"_ _383\"> </span></span></div><div class=\"t m0 hd ff1 fs7 fc3 sc0 ls11 ws2 gs4cb\">Between four and \ufb01v<span class=\"_ _6\"></span>e years<span class=\"_ _5d\"> </span><span class=\"ff2 lsc6 wsc5\">9.<span class=\"_ _1\"></span>9<span class=\"_ _37\"> </span></span><span class=\"ls88 wse3\">1<span class=\"_ _1\"></span>4.6<span class=\"_ _383\"> </span></span></div><div class=\"t m0 hd ff1 fs7 fc3 sc0 ls11 ws2 gs4cc\">More than \ufb01v<span class=\"_ _6\"></span>e years<span class=\"_ _225\"> </span><span class=\"ff2 ls14 ws11\">1.3<span class=\"_ _e5\"> </span></span><span class=\"ls86 wsf1\">0<span class=\"_ _2\"></span>.9<span class=\"_ _383\"> </span></span></div><div class=\"t m0 hd ff2 fs7 fc3 sc0 ls11 ws6e gs4cd\">180.<span class=\"_ _1\"></span>8<span class=\"_ _59\"> </span><span class=\"ff1 lsc8 wsc8\">1<span class=\"_ _2\"></span>2<span class=\"_ _0\"></span>7.<span class=\"_ _0\"></span>6<span class=\"_ _383\"> </span></span></div><div class=\"t m0 hd ff1 fs7 fc3 sc0 ls11 ws2 gs4ce\">Unearned \ufb01nance income<span class=\"_ _1f7\"> </span><span class=\"ff2 lsc4 wsc3\">(<span class=\"_ _2\"></span>1<span class=\"_ _0\"></span>7.<span class=\"_ _0\"></span>6<span class=\"_ _2\"></span>)<span class=\"_ _96\"> </span></span><span class=\"lsd7 wsd7\">(1<span class=\"_ _1\"></span>1<span class=\"_ _1\"></span>.4)<span class=\"_ _383\"> </span></span></div><div class=\"t m0 hd ff1 fs7 fc3 sc0 ls11 ws2 gs4cf\">Net inv<span class=\"_ _6\"></span>estment in \ufb01nance leases<span class=\"_ _299\"> </span><span class=\"ff2 ls12 wsf\">163<span class=\"_ _1\"></span>.<span class=\"_ _1\"></span>2<span class=\"_ _93\"> </span></span><span class=\"lsc7 ws7f\">116.<span class=\"_ _1\"></span>2<span class=\"_ _383\"> </span></span></div><div class=\"t m0 hc ff2 fs7 fc3 sc0 ls11 ws2 gs4d0\">Net inv<span class=\"_ _6\"></span>estment in \ufb01nance leases, receivable<span class=\"_ _29a\"> </span><span class=\"ls2\"> </span></div><div class=\"t m0 hd ff1 fs7 fc3 sc0 ls11 ws2 gs4d1\">Less than one year<span class=\"_ _29b\"> </span><span class=\"ff2 ls81 wsdf\">52<span class=\"_ _2\"></span>.4<span class=\"_ _4f\"> </span></span><span class=\"ls88 wse3\">34.<span class=\"_ _1\"></span>7<span class=\"_ _383\"> </span></span></div><div class=\"t m0 hd ff1 fs7 fc3 sc0 ls11 ws2 gs4d2\">Between one and tw<span class=\"_ _6\"></span>o years<span class=\"_ _60\"> </span><span class=\"ff2 ls81 wsdf\">44<span class=\"_ _1\"></span>.4<span class=\"_ _55\"> </span></span><span class=\"ls1e ws43\">26.0<span class=\"_ _383\"> </span></span></div><div class=\"t m0 hd ff1 fs7 fc3 sc0 ls11 ws2 gs4d3\">Between tw<span class=\"_ _6\"></span>o and three years<span class=\"_ _298\"> </span><span class=\"ff2 ls2c ws29\">33.2<span class=\"_ _96\"> </span></span><span class=\"ls14 ws11\">25.<span class=\"_ _1\"></span>5<span class=\"_ _383\"> </span></span></div><div class=\"t m0 hd ff1 fs7 fc3 sc0 ls11 ws2 gs4d4\">Between three and four ye<span class=\"_ _6\"></span>ars<span class=\"_ _29c\"> </span><span class=\"ff2 ls7d wse2\">22.3<span class=\"_ _61\"> </span></span><span class=\"ls9f wsbc\">15.<span class=\"_ _1\"></span>8<span class=\"_ _383\"> </span></span></div><div class=\"t m0 hd ff1 fs7 fc3 sc0 ls11 ws2 gs4d5\">Between four and \ufb01v<span class=\"_ _6\"></span>e years<span class=\"_ _5d\"> </span><span class=\"ff2 lsc6 wsc5\">9.6<span class=\"_ _1b4\"> </span></span><span class=\"lscd wsce\">13.3<span class=\"_ _383\"> </span></span></div><div class=\"t m0 hd ff1 fs7 fc3 sc0 ls11 ws2 gs4d6\">More than \ufb01v<span class=\"_ _6\"></span>e years<span class=\"_ _225\"> </span><span class=\"ff2 ls14 ws11\">1.3<span class=\"_ _e5\"> </span></span><span class=\"ls86 wsf1\">0<span class=\"_ _2\"></span>.9</span></div><div class=\"t m0 hd ff1 fs7 fc3 sc0 ls2 ws2 gs4d7\"> <span class=\"_ _29d\"> </span><span class=\"ff2 ls12 wsf\">163<span class=\"_ _1\"></span>.<span class=\"_ _1\"></span>2<span class=\"_ _93\"> </span></span><span class=\"lsc7 ws7f\">116.<span class=\"_ _1\"></span>2<span class=\"_ _383\"> </span></span></div><div class=\"t m0 hd ff1 fs7 fc3 sc0 ls11 ws2 gs4d8\">The Group has recognised \u00a34<span class=\"_ _8\"></span>.8m of ECLs on \ufb01nance leases as at 31 December 2022 (<span class=\"_ _6\"></span>2021: \u00a34<span class=\"_ _8\"></span>.3m). </div><div class=\"t m3 hc ff2 fs7 fc2 sc0 ls2 ws2 gs4da\"><span class=\"_ _383\">23.\u2002Exp</span><span class=\"_ _1\"></span>ec<span class=\"_ _1\"></span>ted c<span class=\"_ _1\"></span>re<span class=\"_ _1\"></span>dit los<span class=\"_ _1\"></span>se<span class=\"_ _1\"></span>s<span class=\"_ _383\"> </span></div><div class=\"t m3 hd ff1 fs7 fc3 sc0 ls11 ws2 gs4db\">The ECL has been calculated based on v<span class=\"_ _6\"></span>arious scenarios as set out below:<span class=\"_ _383\"> </span></div><div class=\"t m3 h8 ff2 fs5 fc3 sc0 lse ws71 gs4dc\">2022<span class=\"_ _290\"> </span><span class=\"ff1\">2021<span class=\"_ _383\"> </span></span></div><div class=\"t m3 h3a ff2 fs5 fc3 sc0 lse ws2 gs4dd\">ECL provision<span class=\"_ _383\"> </span></div><div class=\"t m3 h3a ff2 fs5 fc3 sc0 lse ws71 gs4de\">\u00a3m<span class=\"_ _383\"> </span></div><div class=\"t m3 h3a ff2 fs5 fc3 sc0 lse ws71 gs4df\">W<span class=\"_ _8\"></span>eighting<span class=\"_ _383\"> </span></div><div class=\"t m3 h3a ff2 fs5 fc3 sc0 ls2 ws2 gs4e0\">%<span class=\"_ _383\"> </span></div><div class=\"t m3 h3a ff2 fs5 fc3 sc0 lse ws2 gs4e1\">W<span class=\"_ _8\"></span>eighted ECL </div><div class=\"t m3 h3a ff2 fs5 fc3 sc0 lse ws71 gs4e2\">provision<span class=\"_ _383\"> </span></div><div class=\"t m3 h3a ff2 fs5 fc3 sc0 lse ws71 gs4e3\">\u00a3m<span class=\"_ _383\"> </span></div><div class=\"t m3 h8 ff1 fs5 fc3 sc0 lse ws2 gs4e4\">ECL pro<span class=\"_ _6\"></span>vision<span class=\"_ _383\"> </span></div><div class=\"t m3 h8 ff1 fs5 fc3 sc0 lse ws71 gs4e5\">\u00a3m<span class=\"_ _383\"> </span></div><div class=\"t m3 h8 ff1 fs5 fc3 sc0 lse ws71 gs4e6\">W<span class=\"_ _8\"></span>eighting<span class=\"_ _383\"> </span></div><div class=\"t m3 h8 ff1 fs5 fc3 sc0 ls2 ws2 gs4e7\">%<span class=\"_ _383\"> </span></div><div class=\"t m3 h8 ff1 fs5 fc3 sc0 lse ws2 gs4e8\">W<span class=\"_ _8\"></span>eighted ECL </div><div class=\"t m3 h8 ff1 fs5 fc3 sc0 lse ws71 gs4e9\">provision </div><div class=\"t m3 h8 ff1 fs5 fc3 sc0 lse ws71 gs4ea\">\u00a3m<span class=\"_ _383\"> </span></div><div class=\"t m3 hc ff2 fs7 fc3 sc0 ls11 ws6e gs4eb\">Scenarios<span class=\"_ _f3\"> </span><span class=\"ls2 ws2\"> <span class=\"_ _21a\"> </span> <span class=\"_ _11a\"> </span> </span></div><div class=\"t m3 hd ff1 fs7 fc3 sc0 ls11 ws6e gs4ec\">Upside<span class=\"_ _29e\"> </span><span class=\"ff2 ls7d wse2\">32.8 <span class=\"_ _53\"> </span><span class=\"ls2 ws2\">30 <span class=\"_ _37\"> </span><span class=\"lsc6 wsc5\">9.<span class=\"_ _2\"></span>8<span class=\"_ _2\"></span> <span class=\"_ _61\"> </span></span></span></span><span class=\"lsed wsf2\">1<span class=\"_ _1\"></span>3<span class=\"_ _2\"></span>.1<span class=\"_ _1\"></span> <span class=\"_ _15e\"> </span><span class=\"ls14 ws11\">20 <span class=\"_ _57\"> </span><span class=\"ls2 ws2\">2.6 </span></span></span></div><div class=\"t m3 hd ff1 fs7 fc3 sc0 ls11 ws2 gs4ed\">Base case<span class=\"_ _1b6\"> </span><span class=\"ff2 lse0 wse0\">41<span class=\"_ _1\"></span>.<span class=\"_ _1\"></span>7<span class=\"_ _1\"></span> <span class=\"_ _15c\"> </span><span class=\"ls7a wsa1\">40 <span class=\"_ _93\"> </span><span class=\"ls2 ws2\">16.7 <span class=\"_ _5c\"> </span></span></span></span><span class=\"ls1e ws43\">26.<span class=\"_ _1\"></span>5 <span class=\"_ _15e\"> </span></span><span class=\"ls2\">40 <span class=\"_ _9d\"> </span><span class=\"ls9f wsbc\">10.6<span class=\"_ _1\"></span> </span></span></div><div class=\"t m3 hd ff1 fs7 fc3 sc0 ls11 ws2 gs4ee\">Downside scenario<span class=\"_ _13a\"> </span><span class=\"ff2 lsc6 wsc5\">7<span class=\"_ _2\"></span>9.<span class=\"_ _2\"></span>3<span class=\"_ _1\"></span> <span class=\"_ _53\"> </span><span class=\"ls2 ws2\">20 <span class=\"_ _59\"> </span><span class=\"lsc5 wsc4\">1<span class=\"_ _2\"></span>5<span class=\"_ _1\"></span>.9<span class=\"_ _1\"></span> <span class=\"_ _59\"> </span></span></span></span><span class=\"ls88 wse3\">74.0<span class=\"_ _1\"></span> <span class=\"_ _e5\"> </span><span class=\"ls54 ws55\">28 <span class=\"_ _59\"> </span><span class=\"ls9f wsbc\">20.7 </span></span></span></div><div class=\"t m3 hd ff1 fs7 fc3 sc0 ls11 ws2 gs4ef\">Sev<span class=\"_ _6\"></span>ere downside scenario<span class=\"_ _165\"> </span><span class=\"ff2 ls7e ws16\">12<span class=\"_ _1\"></span>0.0 <span class=\"_ _5f\"> </span><span class=\"lse3 wse7\">10 <span class=\"_ _5c\"> </span></span>12<span class=\"_ _1\"></span>.0 <span class=\"_ _50\"> </span></span><span class=\"ls12 wsf\">120.<span class=\"_ _1\"></span>3 <span class=\"_ _ce\"> </span>12 <span class=\"_ _55\"> </span><span class=\"lsd7 wsd7\">14<span class=\"_ _1\"></span>.4<span class=\"_ _2\"></span> </span></span></div><div class=\"t m3 hd ff1 fs7 fc3 sc0 ls11 ws2 gs4f0\">T<span class=\"_ _8\"></span>otal weigh<span class=\"_ _6\"></span>ted pro<span class=\"_ _6\"></span>visions<span class=\"_ _29f\"> </span><span class=\"ff2 ls2\"> <span class=\"_ _11a\"> </span> <span class=\"_ _4f\"> </span><span class=\"ls81 wsdf\">5<span class=\"_ _1\"></span>4.4<span class=\"_ _1\"></span> <span class=\"_ _2a0\"> </span></span></span><span class=\"ls2c ws29\">48.3 </span></div><div class=\"t m3 hc ff2 fs7 fc3 sc0 ls11 ws2 gs4f1\">Non-modelled provisions:<span class=\"_ _d6\"> </span><span class=\"ls2\"> <span class=\"_ _11a\"> </span> <span class=\"_ _11a\"> </span> </span></div><div class=\"t m3 hd ff1 fs7 fc3 sc0 ls11 ws2 gs4f2\">Individually assessed pro<span class=\"_ _6\"></span>visions<span class=\"_ _23a\"> </span><span class=\"ff2 ls2\"> <span class=\"_ _21a\"> </span> <span class=\"_ _4f\"> </span><span class=\"ls14 ws11\">45.8 <span class=\"_ _2a0\"> </span></span></span><span class=\"lsd7 wsd7\">4<span class=\"_ _2\"></span>0<span class=\"_ _1\"></span>.4<span class=\"_ _1\"></span> </span></div><div class=\"t m3 hd ff1 fs7 fc3 sc0 ls11 ws2 gs4f3\">Post model adjus<span class=\"_ _6\"></span>tments<span class=\"_ _2a1\"> </span><span class=\"ff2 ls2\"> <span class=\"_ _11a\"> </span> <span class=\"_ _9c\"> </span><span class=\"lsc6 wsc5\">2<span class=\"_ _1\"></span>9.<span class=\"_ _2\"></span>8<span class=\"_ _2\"></span> <span class=\"_ _1c0\"> </span></span><span class=\"ff1\">1<span class=\"_ _6\"></span>2.8 </span></span></div><div class=\"t m3 hd ff2 fs7 fc3 sc0 ls11 ws2 gs4f4\">T<span class=\"_ _8\"></span>otal provision<span class=\"_ _29\"> </span><span class=\"ls2\"> <span class=\"_ _21a\"> </span> <span class=\"_ _3b\"> </span><span class=\"ls7e ws16\">130.0 <span class=\"_ _b\"> </span></span><span class=\"ff1\"> <span class=\"_ _21a\"> </span> <span class=\"_ _55\"> </span><span class=\"ls6f ws75\">101.5 </span></span></span></div><div class=\"t m3 hd ff1 fs7 fc3 sc0 ls11 ws2 gs4f5\">The Group re<span class=\"_ _6\"></span>\ufb02ected on the ongoing appropriateness o<span class=\"_ _6\"></span>f probabilities attached to the suit<span class=\"_ _6\"></span>e of IFRS 9 scenarios as the macroeconomic outlook </div><div class=\"t m3 hd ff1 fs7 fc3 sc0 ls11 ws2 gs4f6\">ev<span class=\"_ _6\"></span>olved thr<span class=\"_ _6\"></span>oughout the year<span class=\"_ _8\"></span>. Scenarios were adjust<span class=\"_ _6\"></span>ed to a symmetrical probability, wher<span class=\"_ _6\"></span>e the upside and downside scenarios carry equal </div><div class=\"t m3 hd ff1 fs7 fc3 sc0 ls11 ws2 gs4f7\">weigh<span class=\"_ _6\"></span>tings, as a r<span class=\"_ _6\"></span>esult of separate pos<span class=\"_ _6\"></span>t-model adjustmen<span class=\"_ _6\"></span>ts being raised t<span class=\"_ _6\"></span>o ensure that the curren<span class=\"_ _6\"></span>t IFRS 9 frame<span class=\"_ _8\"></span>work adequately pro<span class=\"_ _6\"></span>visioned for </div><div class=\"t m3 hd ff1 fs7 fc3 sc0 ls11 ws2 gs4f8\">the underlying portfolio risk.<span class=\"_ _383\"> </span></div><div class=\"t m3 hd ff1 fs7 fc3 sc0 ls11 ws2 gs4f9\">As at 31 December 2022, the Group identi\ufb01e<span class=\"_ _6\"></span>d increases in credit risk due t<span class=\"_ _6\"></span>o the cost of living and cost o<span class=\"_ _6\"></span>f borrowing s<span class=\"_ _6\"></span>tresses caused by high </div><div class=\"t m3 hd ff1 fs7 fc3 sc0 ls11 ws2 gs4fa\">in\ufb02ation and increases in in<span class=\"_ _6\"></span>teres<span class=\"_ _6\"></span>t rates<span class=\"_ _6\"></span>. As a result, the Gr<span class=\"_ _6\"></span>oup held an additional \u00a316.<span class=\"_ _6\"></span>0m of ECL in PMA for risk<span class=\"_ _8\"></span><span class=\"_ _383\">s not sufficiently accounted for </span></div><div class=\"t m3 hd ff1 fs7 fc3 sc0 ls11 ws2 gs4fb\">in the IFRS 9 frame<span class=\"_ _8\"></span>work (\u00a37<span class=\"_ _1f6\"></span>.3m for cost o<span class=\"_ _6\"></span>f living and \u00a38.7<span class=\"_ _8\"></span>m for cost of borr<span class=\"_ _6\"></span>owing) as at 3<span class=\"_ _6\"></span>1 December 2022. The approach to identify the PMA </div><div class=\"t m3 hd ff1 fs7 fc3 sc0 ls11 ws2 gs4fc\">for the cost of living is an incr<span class=\"_ _6\"></span>ease in PD through analysing the e<span class=\"_ _6\"></span><span class=\"_ _383\">ffect of the increases in living cos</span><span class=\"_ _6\"></span>ts, such as house hold bills and gr<span class=\"_ _6\"></span>oceries, on </div><div class=\"t m3 hd ff1 fs7 fc3 sc0 ls11 ws2 gs4fd\"><span class=\"_ _383\">affordability, which is use</span><span class=\"_ _6\"></span>d to increase the def<span class=\"_ _6\"></span>ault risk to all customer<span class=\"_ _6\"></span>s, with those on lo<span class=\"_ _6\"></span>wer income mor<span class=\"_ _6\"></span>e impacted. The cost of borr<span class=\"_ _6\"></span>owing PMA </div><div class=\"t m3 hd ff1 fs7 fc3 sc0 ls11 ws2 gs4fe\">speci\ufb01cally identi\ufb01ed those that are mor<span class=\"_ _6\"></span>e at risk of def<span class=\"_ _6\"></span>ault due to re<span class=\"_ _6\"></span>verting onto variable r<span class=\"_ _6\"></span>ate in the near future<span class=\"_ _6\"></span>, causing a payment incr<span class=\"_ _6\"></span>ease and </div><div class=\"t m3 hd ff1 fs7 fc3 sc0 ls11 ws2 gs4ff\"><span class=\"_ _383\">higher affordability risk</span><span class=\"_ _6\"></span>, which is used both to apply an additional signi\ufb01can<span class=\"_ _6\"></span>t increase in credit risk SICR and s<span class=\"_ _6\"></span>tage 2 criteria and in some cases a </div><div class=\"t m3 hd ff1 fs7 fc3 sc0 ls11 ws2 gs500\">higher default risk<span class=\"_ _6\"></span>.<span class=\"_ _383\"> </span></div><div class=\"t m3 hd ff1 fs7 fc3 sc0 ls11 ws2 gs501\">The Group continued to observe an elongat<span class=\"_ _6\"></span>ed time to sale, which w<span class=\"_ _6\"></span>as in ex<span class=\"_ _6\"></span>cess of modelled expectations and observations prior to the pandemic </div><div class=\"t m3 hd ff1 fs7 fc3 sc0 ls11 ws2 gs502\">which accounted for an additional \u00a38.<span class=\"_ _6\"></span>7<span class=\"_ _8\"></span>m as a PMA as at 31 December 2022. Whilst the Group expect<span class=\"_ _6\"></span>s the process delays to reduce in time<span class=\"_ _6\"></span>, a </div><div class=\"t m3 hd ff1 fs7 fc3 sc0 ls11 ws2 gs503\">PMA was held to r<span class=\"_ _6\"></span>e\ufb02ect an extende<span class=\"_ _6\"></span>d time to sale in line with most recen<span class=\"_ _6\"></span>t observations for those in default. </div><div class=\"t m3 hd ff1 fs7 fc3 sc0 ls11 ws2 gs504\">As part of the Group's appreciation of climate risk and o<span class=\"_ _8\"></span>verall ESG agenda, the Gr<span class=\"_ _6\"></span>oup recognises that properties with low<span class=\"_ _6\"></span>er energy e<span class=\"_ _6\"></span><span class=\"_ _383\">fficiency </span></div><div class=\"t m3 hd ff1 fs7 fc3 sc0 ls11 ws2 gs505\">are lik<span class=\"_ _8\"></span>ely to require in<span class=\"_ _6\"></span>ves<span class=\"_ _6\"></span>tment to reach minimum ener<span class=\"_ _8\"></span><span class=\"_ _383\">gy efficiency standards in the futur</span><span class=\"_ _6\"></span>e. As a r<span class=\"_ _6\"></span>esult, to re\ufb02ect the e<span class=\"_ _6\"></span>xpected transition risk and </div><div class=\"t m3 hd ff1 fs7 fc3 sc0 ls11 ws2 gs506\">physical risk<span class=\"_ _6\"></span>s of climate change<span class=\"_ _6\"></span>, the Group held \u00a34<span class=\"_ _8\"></span>.<span class=\"_ _8\"></span>4m of PMA as at 31 December 2022. </div><div class=\"t m3 hd ff1 fs7 fc3 sc0 ls11 ws2 gs507\">T<span class=\"_ _8\"></span>o re\ufb02ect the ongoing cladding concerns, the Gr<span class=\"_ _6\"></span>oup identi\ufb01ed a valuation risk t<span class=\"_ _6\"></span>o a small number of properties and accounted for a further sale </div><div class=\"t m3 hd ff1 fs7 fc3 sc0 ls11 ws2 gs508\">discount for these properties by a PMA of \u00a30<span class=\"_ _8\"></span>.7<span class=\"_ _8\"></span>m as at 31 Dec<span class=\"_ _1\"></span>ember 2022.<span class=\"_ _383\"> </span></div><div class=\"t m3 hd ff1 fs7 fc3 sc0 ls11 ws2 gs509\">The Group<span class=\"_ _8\"></span>\u2019<span class=\"_ _6\"></span>s ECL by segmen<span class=\"_ _6\"></span>t and IFRS 9 stage is sho<span class=\"_ _8\"></span>wn below: </div><div class=\"t m3 h3a ff2 fs5 fc3 sc0 lse ws71 gs50a\">2022<span class=\"_ _383\"> </span></div><div class=\"t m3 h8 ff1 fs5 fc3 sc0 lse ws71 gs50b\">2021<span class=\"_ _383\"> </span></div><div class=\"t m3 h3a ff2 fs5 fc3 sc0 ls125 ws135 gs50c\">OSB<span class=\"_ _383\"> </span></div><div class=\"t m3 h3a ff2 fs5 fc3 sc0 lse ws71 gs50d\">\u00a3m<span class=\"_ _383\"> </span></div><div class=\"t m3 h3a ff2 fs5 fc3 sc0 ls62 ws187 gs50e\">CCFS<span class=\"_ _383\"> </span></div><div class=\"t m3 h3a ff2 fs5 fc3 sc0 lse ws71 gs50f\">\u00a3m<span class=\"_ _383\"> </span></div><div class=\"t m3 h3a ff2 fs5 fc3 sc0 lsc2 wsc1 gs510\">To<span class=\"_ _1\"></span>t<span class=\"_ _2\"></span>a<span class=\"_ _1\"></span>l<span class=\"_ _383\"> </span></div><div class=\"t m3 h3a ff2 fs5 fc3 sc0 lse ws71 gs511\">\u00a3m<span class=\"_ _383\"> </span></div><div class=\"t m3 h8 ff1 fs5 fc3 sc0 ls69 ws70 gs512\">OSB<span class=\"_ _383\"> </span></div><div class=\"t m3 h8 ff1 fs5 fc3 sc0 lse ws71 gs513\">\u00a3m<span class=\"_ _383\"> </span></div><div class=\"t m3 h8 ff1 fs5 fc3 sc0 lse ws71 gs514\">CCFS<span class=\"_ _383\"> </span></div><div class=\"t m3 h8 ff1 fs5 fc3 sc0 lse ws71 gs515\">\u00a3m<span class=\"_ _383\"> </span></div><div class=\"t m3 h8 ff1 fs5 fc3 sc0 lse1 wse5 gs516\">To<span class=\"_ _1\"></span>t<span class=\"_ _2\"></span>a<span class=\"_ _1\"></span>l<span class=\"_ _383\"> </span></div><div class=\"t m3 h8 ff1 fs5 fc3 sc0 lse ws71 gs517\">\u00a3m<span class=\"_ _383\"> </span></div><div class=\"t m3 hd ff1 fs7 fc3 sc0 ls11 ws2 gs518\">Stage 1<span class=\"_ _1a2\"> </span><span class=\"ff2 lsc5 wsc4\">5<span class=\"_ _1\"></span>.9<span class=\"_ _2\"></span> <span class=\"_ _63\"> </span><span class=\"ls14 ws11\">1.3 <span class=\"_ _b2\"> </span><span class=\"lsc4 wsc3\">7.<span class=\"_ _0\"> </span>2<span class=\"_ _0\"> </span> <span class=\"_ _1c2\"> </span></span></span></span><span class=\"lsf8 wsfd\">9.<span class=\"_ _1\"></span>3<span class=\"_ _0\"></span> <span class=\"_ _1b4\"> </span></span><span class=\"ls2\">2.8 <span class=\"_ _61\"> </span>12.<span class=\"_ _6\"></span>1 </span></div><div class=\"t m3 hd ff1 fs7 fc3 sc0 ls11 ws2 gs519\">Stage 2<span class=\"_ _d5\"> </span><span class=\"ff2 ls7d wse2\">35.3 <span class=\"_ _59\"> </span><span class=\"lscd wsce\">15.6 <span class=\"_ _3d\"> </span><span class=\"lsc5 wsc4\">5<span class=\"_ _2\"></span>0<span class=\"_ _1\"></span>.9<span class=\"_ _1\"></span> <span class=\"_ _96\"> </span></span></span></span><span class=\"ls88 wse3\">14.<span class=\"_ _1\"></span>2<span class=\"_ _1\"></span> <span class=\"_ _9d\"> </span><span class=\"ls9f wsbc\">10.8 <span class=\"_ _5c\"> </span></span></span><span class=\"ws6e\">25.0 </span></div><div class=\"t m3 hd ff1 fs7 fc3 sc0 ls11 ws2 gs51a\">Stage 3<span class=\"_ _2a2\"> </span><span class=\"ff2 ls2\">60.5 <span class=\"_ _57\"> </span><span class=\"lsc4 wsc3\">7.<span class=\"_ _0\"></span>8<span class=\"_ _0\"></span> <span class=\"_ _3d\"> </span><span class=\"ls7a wsa1\">68.<span class=\"_ _1\"></span>3 <span class=\"_ _5c\"> </span><span class=\"ff1\">56.6 <span class=\"_ _1b4\"> </span></span></span></span><span class=\"ff1\">3.8 <span class=\"_ _5c\"> </span><span class=\"lsd7 wsd7\">6<span class=\"_ _2\"></span>0<span class=\"_ _1\"></span>.4<span class=\"_ _1\"></span> </span></span></span></div><div class=\"t m3 hd ff1 fs7 fc3 sc0 ls11 ws2 gs51b\">Stage 3 (POCI)<span class=\"_ _2a3\"> </span><span class=\"ff2 ls14 ws11\">1.5 <span class=\"_ _1c2\"> </span><span class=\"lsc3 wsc2\">2<span class=\"_ _1\"></span>.1<span class=\"_ _2\"></span> <span class=\"_ _d0\"> </span><span class=\"ls2 ws2\">3.6 <span class=\"_ _15e\"> </span><span class=\"ff1\">2.1 <span class=\"_ _53\"> </span><span class=\"ls86 wsf1\">1<span class=\"_ _2\"></span>.9<span class=\"_ _1\"></span> <span class=\"_ _1b4\"> </span><span class=\"ls88 wse3\">4.<span class=\"_ _1\"></span>0 </span></span></span></span></span></span></div><div class=\"t m3 hd ff1 fs7 fc3 sc0 ls2 ws2 gs51c\"> <span class=\"_ _2a4\"> </span><span class=\"ff2 lse3 wse7\">103.<span class=\"_ _1\"></span>2 <span class=\"_ _3d\"> </span></span><span class=\"ff2\">26.8 <span class=\"_ _83\"> </span><span class=\"ls7e ws16\">1<span class=\"_ _1\"></span>30.0 <span class=\"_ _5c\"> </span></span></span>82.2 <span class=\"_ _55\"> </span><span class=\"lsf8 wsfd\">1<span class=\"_ _2\"></span>9.<span class=\"_ _2\"></span>3<span class=\"_ _2\"></span> <span class=\"_ _3e\"> </span><span class=\"ls6f ws75\">101.5<span class=\"_ _383\"> </span></span></span><span class=\"lsf8 wsfd\"><span class=\"ls6f ws75\"> </span></span></div><div class=\"t m0 hd ff1 fs7 fc3 sc0 ls11 ws2 gs51e\">The tables below sho<span class=\"_ _8\"></span>w the movement in the ECL<span class=\"_ _6\"></span> by IFRS 9 stage during the year<span class=\"_ _1f6\"></span>. ECLs on originations and acquisitions re\ufb02ect the IFRS 9 s<span class=\"_ _6\"></span>tage </div><div class=\"t m0 hd ff1 fs7 fc3 sc0 ls11 ws2 gs51f\">of loans originated or acquir<span class=\"_ _6\"></span>ed during the year as at 31 December and not the date of origination. Re-measur<span class=\"_ _6\"></span>ement of loss allo<span class=\"_ _6\"></span>wance r<span class=\"_ _6\"></span>elates to </div><div class=\"t m0 hd ff1 fs7 fc3 sc0 ls11 ws2 gs520\">existing lo<span class=\"_ _6\"></span>ans which did not redeem during the year and includes the impact of loans mo<span class=\"_ _8\"></span>ving between IFRS 9 stages<span class=\"_ _6\"></span>. </div><div class=\"t m0 h3a ff2 fs5 fc3 sc0 lse ws2 gs521\">Stage 1<span class=\"_ _383\"> </span></div><div class=\"t m0 h3a ff2 fs5 fc3 sc0 lse ws71 gs522\">\u00a3m<span class=\"_ _383\"> </span></div><div class=\"t m0 h3a ff2 fs5 fc3 sc0 lse ws2 gs523\">Stage 2<span class=\"_ _383\"> </span></div><div class=\"t m0 h3a ff2 fs5 fc3 sc0 lse ws71 gs524\">\u00a3m<span class=\"_ _383\"> </span></div><div class=\"t m0 h3a ff2 fs5 fc3 sc0 lse ws2 gs525\">Stage 3<span class=\"_ _383\"> </span></div><div class=\"t m0 h3a ff2 fs5 fc3 sc0 lse ws71 gs526\">\u00a3m<span class=\"_ _383\"> </span></div><div class=\"t m0 h3a ff2 fs5 fc3 sc0 lse ws2 gs527\">Stage 3 (POCI)<span class=\"_ _383\"> </span></div><div class=\"t m0 h3a ff2 fs5 fc3 sc0 lse ws71 gs528\">\u00a3m<span class=\"_ _383\"> </span></div><div class=\"t m0 h3a ff2 fs5 fc3 sc0 lsc2 wsc1 gs529\">To<span class=\"_ _1\"></span>t<span class=\"_ _2\"></span>a<span class=\"_ _1\"></span>l<span class=\"_ _383\"> </span></div><div class=\"t m0 h3a ff2 fs5 fc3 sc0 lse ws71 gs52a\">\u00a3m<span class=\"_ _383\"> </span></div><div class=\"t m0 hd ff1 fs7 fc3 sc0 ls11 ws2 gs52b\">At 1 January 2<span class=\"_ _6\"></span>021<span class=\"_ _2a5\"> </span><span class=\"ls9f wsbc\">21.<span class=\"_ _1\"></span>2<span class=\"_ _61\"> </span></span><span class=\"ws6e\">31.0<span class=\"_ _1b4\"> </span><span class=\"lsc7 ws7f\">51.<span class=\"_ _1\"></span>7<span class=\"_ _1da\"> </span><span class=\"lsc8 wsc8\">7.1<span class=\"_ _9c\"> </span></span>111.<span class=\"_ _1\"></span>0<span class=\"_ _383\"> </span></span></span></div><div class=\"t m0 hd ff1 fs7 fc3 sc0 ls11 ws6e gs52c\">Originations<span class=\"_ _1a1\"> </span><span class=\"lse3 wse7\">5.7<span class=\"_ _1cc\"> </span><span class=\"ls2 ws2\">\u2013 <span class=\"_ _3f\"> </span>\u2013 <span class=\"_ _20e\"> </span>\u2013 <span class=\"_ _b2\"> </span></span>5.7<span class=\"_ _383\"> </span></span></div><div class=\"t m0 hd ff1 fs7 fc3 sc0 ls11 ws6e gs52d\">Acquisitions<span class=\"_ _212\"> </span><span class=\"lsed wsf2\">0<span class=\"_ _1\"></span>.1<span class=\"_ _2\"></span> <span class=\"_ _3f\"> </span><span class=\"ls2 ws2\">\u2013 <span class=\"_ _20e\"> </span>\u2013 <span class=\"_ _53\"> </span></span>0<span class=\"_ _1\"></span>.1<span class=\"_ _1\"></span> <span class=\"_ _1b4\"> </span><span class=\"ls9f wsbc\">0.2<span class=\"_ _383\"> </span></span></span></div><div class=\"t m0 hd ff1 fs7 fc3 sc0 ls11 ws2 gs52e\">Repayments and writ<span class=\"_ _6\"></span><span class=\"_ _383\">e-offs</span><span class=\"_ _d3\"> </span><span class=\"lsc7 ws7f\">(2<span class=\"_ _1\"></span>.<span class=\"_ _1\"></span>8)<span class=\"_ _55\"> </span><span class=\"lscc wscd\">(3.3)<span class=\"_ _61\"> </span><span class=\"lsc8 wsc8\">(<span class=\"_ _0\"></span>7.<span class=\"_ _2\"></span>4<span class=\"_ _2\"></span>)<span class=\"_ _15c\"> </span><span class=\"lsed wsf2\">(<span class=\"_ _1\"></span>1<span class=\"_ _1\"></span>.1<span class=\"_ _1\"></span>)<span class=\"_ _3b\"> </span></span></span></span>(1<span class=\"_ _1\"></span>4.<span class=\"_ _1\"></span>6)<span class=\"_ _383\"> </span></span></div><div class=\"t m0 hd ff1 fs7 fc3 sc0 ls11 ws2 gs52f\">Re-measuremen<span class=\"_ _6\"></span>t of loss allo<span class=\"_ _6\"></span>wance<span class=\"_ _bd\"> </span><span class=\"lsc7 ws7f\">(21.<span class=\"_ _1\"></span>8)<span class=\"_ _96\"> </span><span class=\"lscc wscd\">(0.8)<span class=\"_ _9d\"> </span></span></span><span class=\"ls2\">12.8 <span class=\"_ _d0\"> </span><span class=\"lsed wsf2\">(<span class=\"_ _1\"></span>2<span class=\"_ _1\"></span>.1<span class=\"_ _2\"></span>)<span class=\"_ _9d\"> </span><span class=\"ls86 wsf1\">(<span class=\"_ _1\"></span>11<span class=\"_ _2\"></span>.9)<span class=\"_ _383\"> </span></span></span></span></div><div class=\"t m0 hd ff1 fs7 fc3 sc0 ls11 ws6e gs530\">T<span class=\"_ _8\"></span>ransfer<span class=\"_ _6\"></span>s:</div><div class=\"t m0 hd ff1 fs7 fc3 sc0 ls11 ws2 gs531\"> \u2013 T<span class=\"_ _8\"></span>o Stage 1<span class=\"_ _2a6\"> </span><span class=\"lsc7 ws7f\">11.<span class=\"_ _1\"></span>3<span class=\"_ _1\"></span> <span class=\"_ _18d\"> </span><span class=\"ls6f ws75\">(10.5)<span class=\"_ _96\"> </span><span class=\"lscc wscd\">(0.8)<span class=\"_ _20e\"> </span></span></span></span><span class=\"ls2\">\u2013 <span class=\"_ _3f\"> </span>\u2013 </span></div><div class=\"t m0 hd ff1 fs7 fc3 sc0 ls11 ws2 gs532\"> \u2013 T<span class=\"_ _8\"></span>o Stage 2<span class=\"_ _2a7\"> </span><span class=\"lsc7 ws7f\">(2.<span class=\"_ _1\"></span>3<span class=\"_ _1\"></span>)<span class=\"_ _15c\"> </span><span class=\"lsed wsf2\">5<span class=\"_ _1\"></span>.1<span class=\"_ _57\"> </span></span>(2<span class=\"_ _1\"></span>.<span class=\"_ _1\"></span>8)<span class=\"_ _20e\"> </span></span><span class=\"ls2\">\u2013 <span class=\"_ _3f\"> </span>\u2013 </span></div><div class=\"t m0 hd ff1 fs7 fc3 sc0 ls11 ws2 gs533\"> \u2013 T<span class=\"_ _8\"></span>o Stage 3<span class=\"_ _211\"> </span><span class=\"lscc wscd\">(0<span class=\"_ _1\"></span>.3<span class=\"_ _1\"></span>)<span class=\"_ _61\"> </span><span class=\"lsed wsf2\">(<span class=\"_ _1\"></span>3<span class=\"_ _2\"></span>.1<span class=\"_ _1\"></span>)<span class=\"_ _57\"> </span><span class=\"lsd7 wsd7\">3<span class=\"_ _2\"></span>.4<span class=\"_ _d9\"> </span></span></span></span><span class=\"ls2\">\u2013 <span class=\"_ _3f\"> </span>\u2013 </span></div><div class=\"t m0 hd ff1 fs7 fc3 sc0 ls11 ws2 gs534\">Changes in assumptions and model paramet<span class=\"_ _6\"></span>ers<span class=\"_ _1fd\"> </span><span class=\"ws6e\">1.0<span class=\"_ _15e\"> </span><span class=\"ls7a wsa1\">6.6<span class=\"_ _e5\"> </span><span class=\"ls6f ws75\">3.5<span class=\"_ _1cc\"> </span></span></span></span><span class=\"ls2\">\u2013 <span class=\"_ _63\"> </span><span class=\"lsed wsf2\">1<span class=\"_ _1\"></span>1<span class=\"_ _1\"></span>.1<span class=\"_ _383\"> </span></span></span></div><div class=\"t m0 hd ff1 fs7 fc3 sc0 ls11 ws2 gs535\">At 31 December 2021<span class=\"_ _2a8\"> </span><span class=\"lsed wsf2\">12<span class=\"_ _2\"></span>.1<span class=\"_ _55\"> </span></span><span class=\"ws6e\">25.0<span class=\"_ _55\"> </span><span class=\"lsd7 wsd7\">6<span class=\"_ _1\"></span>0<span class=\"_ _1\"></span>.4<span class=\"_ _e5\"> </span><span class=\"ls88 wse3\">4.0<span class=\"_ _59\"> </span><span class=\"ls6f ws75\">101.5<span class=\"_ _383\"> </span></span></span></span></span></div><div class=\"t m0 hd ff1 fs7 fc3 sc0 ls11 ws6e gs536\">Originations<span class=\"_ _2a9\"> </span><span class=\"ff2 ls2 ws2\">6.<span class=\"_ _6\"></span>9 <span class=\"_ _20e\"> </span>\u2013 <span class=\"_ _3f\"> </span>\u2013 <span class=\"_ _20e\"> </span>\u2013 <span class=\"_ _1b4\"> </span>6.9 </span></div><div class=\"t m0 hd ff1 fs7 fc3 sc0 ls11 ws2 gs537\">Repayments and writ<span class=\"_ _6\"></span><span class=\"_ _383\">e-offs</span><span class=\"_ _2aa\"> </span><span class=\"ff2 ls1e ws43\">(1.<span class=\"_ _1\"></span>3)<span class=\"_ _2ab\"> </span><span class=\"lscb wscb\">(3.<span class=\"_ _1\"></span>0)<span class=\"_ _93\"> </span><span class=\"lsc5 wsc4\">(<span class=\"_ _1\"></span>6<span class=\"_ _1\"></span>.9<span class=\"_ _1\"></span>)<span class=\"_ _59\"> </span><span class=\"ls88 wse3\">(0.<span class=\"_ _1\"></span>3)<span class=\"_ _18d\"> </span></span></span>(11.<span class=\"_ _1\"></span>5<span class=\"_ _1\"></span>)<span class=\"_ _383\"> </span></span></span></div><div class=\"t m0 hd ff1 fs7 fc3 sc0 ls11 ws2 gs538\">Re-measuremen<span class=\"_ _6\"></span>t of loss allo<span class=\"_ _6\"></span>wance<span class=\"_ _bd\"> </span><span class=\"ff2 lsc3 wsc2\">(1<span class=\"_ _2\"></span>5<span class=\"_ _1\"></span>.1<span class=\"_ _1\"></span>)<span class=\"_ _3d\"> </span><span class=\"ls2 ws2\">26.4 <span class=\"_ _9d\"> </span><span class=\"lsc4 wsc3\">1<span class=\"_ _2\"></span>7.<span class=\"_ _0\"></span>5<span class=\"_ _0\"></span> <span class=\"_ _93\"> </span><span class=\"ls88 wse3\">(0.7<span class=\"_ _2\"></span>)<span class=\"_ _5c\"> </span></span></span>28.<span class=\"_ _8\"></span>1 </span></span></div><div class=\"t m0 hd ff1 fs7 fc3 sc0 ls11 ws6e gs539\">T<span class=\"_ _8\"></span>ransfer<span class=\"_ _6\"></span>s:<span class=\"_ _295\"> </span><span class=\"ff2 ls2 ws2\"> <span class=\"_ _11a\"> </span> <span class=\"_ _11a\"> </span> <span class=\"_ _21a\"> </span> <span class=\"_ _11a\"> </span> </span></div><div class=\"t m0 hd ff1 fs7 fc3 sc0 ls11 ws2 gs53a\"> \u2013 T<span class=\"_ _8\"></span>o Stage 1<span class=\"_ _292\"> </span><span class=\"ff2 ls7e ws16\">10.0<span class=\"_ _1\"></span> <span class=\"_ _96\"> </span><span class=\"lsc6 wsc5\">(<span class=\"_ _1\"></span>9.<span class=\"_ _2\"></span>2<span class=\"_ _1\"></span>)<span class=\"_ _59\"> </span><span class=\"ls88 wse3\">(0<span class=\"_ _1\"></span>.8)<span class=\"_ _1da\"> </span><span class=\"ls2 ws2\">\u2013 <span class=\"_ _3f\"> </span>\u2013 </span></span></span></span></div><div class=\"t m0 hd ff1 fs7 fc3 sc0 ls11 ws2 gs53b\"> \u2013 T<span class=\"_ _8\"></span>o Stage 2<span class=\"_ _2ac\"> </span><span class=\"ff2 ls1c wsb5\">(2<span class=\"_ _1\"></span>.0)<span class=\"_ _61\"> </span><span class=\"lsc5 wsc4\">3<span class=\"_ _2\"></span>.9<span class=\"_ _1\"></span> <span class=\"_ _9c\"> </span>(<span class=\"_ _1\"></span>1<span class=\"_ _1\"></span>.9<span class=\"_ _1\"></span>)<span class=\"_ _20e\"> </span><span class=\"ls2 ws2\">\u2013 <span class=\"_ _20e\"> </span>\u2013 </span></span></span></div><div class=\"t m0 hd ff1 fs7 fc3 sc0 ls11 ws2 gs53c\"> \u2013 T<span class=\"_ _8\"></span>o Stage 3<span class=\"_ _2ad\"> </span><span class=\"ff2 lsc3 wsc2\">(0<span class=\"_ _2\"></span>.1<span class=\"_ _1\"></span>)<span class=\"_ _55\"> </span>(<span class=\"_ _1\"></span>2<span class=\"_ _2\"></span>.1<span class=\"_ _1\"></span>)<span class=\"_ _4f\"> </span><span class=\"ls2 ws2\">2<span class=\"_ _1\"></span>.2 <span class=\"_ _3f\"> </span>\u2013 <span class=\"_ _20e\"> </span>\u2013 </span></span></div><div class=\"t m0 hd ff1 fs7 fc3 sc0 ls11 ws2 gs53d\">Changes in assumptions and model paramet<span class=\"_ _6\"></span>ers<span class=\"_ _b6\"> </span><span class=\"ff2 ls7f wse1\">(3<span class=\"_ _1\"></span>.<span class=\"_ _1\"></span>3)<span class=\"_ _37\"> </span><span class=\"lsc6 wsc5\">9.<span class=\"_ _1\"></span>9<span class=\"_ _1\"></span> <span class=\"_ _93\"> </span><span class=\"ls1c wsb5\">(2<span class=\"_ _1\"></span>.<span class=\"_ _1\"></span>2<span class=\"_ _1\"></span>)<span class=\"_ _4f\"> </span><span class=\"ls11 ws6e\">0.<span class=\"_ _1\"></span>6 <span class=\"_ _61\"> </span><span class=\"ls7e ws16\">5<span class=\"_ _1\"></span>.0 </span></span></span></span></span></div><div class=\"t m0 hc ff2 fs7 fc3 sc0 ls11 ws2 gs53e\">At 31 December 2022<span class=\"_ _ad\"> </span><span class=\"lsc4 wsc3\">7.<span class=\"_ _0\"></span>2<span class=\"_ _0\"></span> <span class=\"_ _3b\"> </span><span class=\"lsc5 wsc4\">5<span class=\"_ _1\"></span>0<span class=\"_ _1\"></span>.9<span class=\"_ _1\"></span> <span class=\"_ _3b\"> </span><span class=\"ls7a wsa1\">68.3 <span class=\"_ _d0\"> </span></span></span></span><span class=\"ls2\">3.6 <span class=\"_ _83\"> </span><span class=\"ls7e ws16\">13<span class=\"_ _1\"></span>0.0 </span></span></div><div class=\"t m0 hd ff1 fs7 fc3 sc0 ls2 ws2 gs53f\"><span class=\"_ _383\">\u2003</span></div><div class=\"t m0 hd ff1 fs7 fc3 sc0 ls11 ws2 gs540\">The table below sho<span class=\"_ _8\"></span>ws the stage 2 ECL balances by transf<span class=\"_ _6\"></span>er criteria:<span class=\"_ _383\"> </span></div><div class=\"t m0 h8 ff2 fs5 fc3 sc0 lse ws71 gs541\">2022<span class=\"_ _290\"> </span><span class=\"ff1\">2021<span class=\"_ _383\"> </span></span></div><div class=\"t m0 h3a ff2 fs5 fc3 sc0 lse ws71 gs542\">Carrying </div><div class=\"t m0 h3a ff2 fs5 fc3 sc0 lse ws71 gs543\">value<span class=\"_ _383\"> </span></div><div class=\"t m0 h3a ff2 fs5 fc3 sc0 lse ws71 gs544\">\u00a3m<span class=\"_ _383\"> </span></div><div class=\"t m0 h3a ff2 fs5 fc3 sc0 lse ws71 gs545\">ECL<span class=\"_ _383\"> </span></div><div class=\"t m0 h3a ff2 fs5 fc3 sc0 lse ws71 gs546\">\u00a3m<span class=\"_ _383\"> </span></div><div class=\"t m0 h3a ff2 fs5 fc3 sc0 lse ws71 gs547\">Cover<span class=\"_ _6\"></span>age </div><div class=\"t m0 h3a ff2 fs5 fc3 sc0 ls2 ws2 gs548\">%<span class=\"_ _383\"> </span></div><div class=\"t m0 h8 ff1 fs5 fc3 sc0 lse ws2 gs549\">Carrying value<span class=\"_ _383\"> </span></div><div class=\"t m0 h8 ff1 fs5 fc3 sc0 lse ws71 gs54a\">\u00a3m<span class=\"_ _383\"> </span></div><div class=\"t m0 h8 ff1 fs5 fc3 sc0 lse ws71 gs54b\">ECL<span class=\"_ _383\"> </span></div><div class=\"t m0 h8 ff1 fs5 fc3 sc0 lse ws71 gs54c\">\u00a3m<span class=\"_ _383\"> </span></div><div class=\"t m0 h8 ff1 fs5 fc3 sc0 lse ws71 gs54d\">Cover<span class=\"_ _6\"></span>age </div><div class=\"t m0 h8 ff1 fs5 fc3 sc0 ls2 ws2 gs54e\">%<span class=\"_ _383\"> </span></div><div class=\"t m0 hd ff2 fs7 fc3 sc0 ls11 ws6e gs54f\">Criteria:<span class=\"_ _2ae\"> </span><span class=\"ls2 ws2\"> <span class=\"_ _11a\"> </span> <span class=\"_ _11a\"> </span> <span class=\"_ _21a\"> </span><span class=\"ff1\"> </span></span></div><div class=\"t m0 hd ff1 fs7 fc3 sc0 ls11 ws2 gs550\">Relative PD mo<span class=\"_ _8\"></span>vement<span class=\"_ _2af\"> </span><span class=\"ff2 ls7e ws16\">3,09<span class=\"_ _1\"></span>0.<span class=\"_ _1\"></span>2<span class=\"_ _9d\"> </span><span class=\"lsc5 wsc4\">4<span class=\"_ _1\"></span>2<span class=\"_ _1\"></span>.9<span class=\"_ _4f\"> </span><span class=\"ls14 ws11\">1.<span class=\"_ _1\"></span>39<span class=\"_ _7d\"> </span></span></span></span><span class=\"ls9f wsbc\">1,<span class=\"_ _1\"></span>251.6<span class=\"_ _e5\"> </span><span class=\"lsc8 wsc8\">1<span class=\"_ _2\"></span>7.<span class=\"_ _2\"></span>1<span class=\"_ _b2\"> </span><span class=\"ls12 wsf\">1<span class=\"_ _1\"></span>.37<span class=\"_ _383\"> </span></span></span></span></div><div class=\"t m0 hd ff1 fs7 fc3 sc0 ls11 ws2 gs551\">Qualitative measur<span class=\"_ _6\"></span>es<span class=\"_ _2b0\"> </span><span class=\"ff2 lse3 wse7\">1,27<span class=\"_ _1\"></span>7<span class=\"_ _1f6\"></span>.<span class=\"_ _1\"></span>6<span class=\"_ _e5\"> </span><span class=\"lsc4 wsc3\">7.<span class=\"_ _0\"></span>5<span class=\"_ _96\"> </span><span class=\"ls11 ws6e\">0.59<span class=\"_ _7d\"> </span><span class=\"ff1 ls89 wscc\">1,1<span class=\"_ _1\"></span>2<span class=\"_ _1\"></span>5<span class=\"_ _1\"></span>.<span class=\"_ _1\"></span>0<span class=\"_ _ce\"> </span><span class=\"lsc8 wsc8\">7.<span class=\"_ _2\"></span>4<span class=\"_ _254\"> </span><span class=\"ls9f wsbc\">0.66<span class=\"_ _383\"> </span></span></span></span></span></span></span></div><div class=\"t m0 hd ff1 fs7 fc3 sc0 ls11 ws2 gs552\">30 days past due back<span class=\"_ _8\"></span>stop<span class=\"_ _2a0\"> </span><span class=\"ff2 lsc6 wsc5\">4<span class=\"_ _1\"></span>9.<span class=\"_ _2\"></span>3<span class=\"_ _15c\"> </span><span class=\"ls11 ws6e\">0.5<span class=\"_ _d0\"> </span><span class=\"ls7e ws16\">1.01<span class=\"_ _61\"> </span></span></span></span><span class=\"lsc8 wsc8\">3<span class=\"_ _2\"></span>7.<span class=\"_ _0\"></span>0<span class=\"_ _8b\"> </span><span class=\"ls9f wsbc\">0.5<span class=\"_ _d0\"> </span>1.3<span class=\"_ _1\"></span>5<span class=\"_ _383\"> </span></span></span></div><div class=\"t m0 hd ff2 fs7 fc3 sc0 ls113 ws17a gs553\">To<span class=\"_ _1\"></span>t<span class=\"_ _2\"></span>a<span class=\"_ _2\"></span>l<span class=\"_ _16a\"> </span><span class=\"lsc4 wsc3\">4<span class=\"_ _2\"></span>,<span class=\"_ _2\"></span>4<span class=\"_ _2\"></span>1<span class=\"_ _2\"></span>7.<span class=\"_ _1\"></span>1<span class=\"_ _55\"> </span><span class=\"lsc5 wsc4\">50<span class=\"_ _1\"></span>.9<span class=\"_ _57\"> </span><span class=\"lsc3 wsc2\">1<span class=\"_ _1\"></span>.1<span class=\"_ _1\"></span>5<span class=\"_ _73\"> </span><span class=\"ff1 lsd7 wsd7\">2<span class=\"_ _2\"></span>,41<span class=\"_ _1\"></span>3<span class=\"_ _2\"></span>.<span class=\"_ _1\"></span>6<span class=\"_ _55\"> </span><span class=\"ls11 ws6e\">25.0<span class=\"_ _9c\"> </span>1.0<span class=\"_ _1\"></span>4<span class=\"_ _383\"> </span></span></span></span></span></span></div><div class=\"t m0 hd ff1 fs7 fc3 sc0 ls11 ws2 gs554\">The Group has a number of qualitativ<span class=\"_ _8\"></span>e measures to determine whether a SICR has tak<span class=\"_ _8\"></span>en place. These triggers utilise both int<span class=\"_ _6\"></span>ernal performance </div><div class=\"t m0 hd ff1 fs7 fc3 sc0 ls11 ws2 gs555\">information, to analyse whether an account is in dis<span class=\"_ _6\"></span>tress but not yet in arr<span class=\"_ _6\"></span>ears<span class=\"_ _6\"></span>, and external cr<span class=\"_ _6\"></span>edit bureau inf<span class=\"_ _6\"></span>ormation, to determine whether the </div><div class=\"t m0 hd ff1 fs7 fc3 sc0 ls11 ws2 gs556\">customer is e<span class=\"_ _6\"></span><span class=\"_ _383\">xperiencing \ufb01nancial difficulty with an external cr</span><span class=\"_ _6\"></span>edit obligation.<span class=\"_ _383\"> </span></div><div class=\"t m0 hc ff2 fs7 fc2 sc0 ls2 ws2 gs557\"><span class=\"_ _383\">24.\u2002Impa</span><span class=\"_ _1\"></span>irme<span class=\"_ _1\"></span>nt of \ufb01nan<span class=\"_ _1\"></span>cial a<span class=\"_ _1\"></span>sse<span class=\"_ _1\"></span>ts<span class=\"_ _383\"> </span></div><div class=\"t m0 hd ff1 fs7 fc3 sc0 ls11 ws2 gs558\">The charge/(<span class=\"_ _6\"></span>credit) for impairmen<span class=\"_ _6\"></span>t of \ufb01nancial assets in the Consolidated S<span class=\"_ _6\"></span>tatement o<span class=\"_ _6\"></span>f Comprehensive Income comprises:<span class=\"_ _383\"> </span></div><div class=\"t m0 h3a ff2 fs5 fc3 sc0 lse ws71 gs559\">2022<span class=\"_ _383\"> </span></div><div class=\"t m0 h3a ff2 fs5 fc3 sc0 lse ws71 gs55a\">\u00a3m<span class=\"_ _383\"> </span></div><div class=\"t m0 h8 ff1 fs5 fc3 sc0 lse ws71 gs55b\">2021<span class=\"_ _383\"> </span></div><div class=\"t m0 h8 ff1 fs5 fc3 sc0 lse ws71 gs55c\">\u00a3m<span class=\"_ _383\"> </span></div><div class=\"t m0 hd ff1 fs7 fc3 sc0 ls11 ws2 gs55d\">W<span class=\"_ _6\"></span><span class=\"_ _383\">rite-offs in year</span><span class=\"_ _21d\"> </span><span class=\"ff2 lsc3 wsc2\">2<span class=\"_ _2\"></span>.1<span class=\"_ _5f\"> </span></span><span class=\"lse3 wse7\">6.7<span class=\"_ _383\"> </span></span></div><div class=\"t m0 hd ff1 fs7 fc3 sc0 ls11 ws2 gs55e\">Increase/(<span class=\"_ _6\"></span>decrease<span class=\"_ _6\"></span>) in ECL pro<span class=\"_ _6\"></span>vision<span class=\"_ _11b\"> </span><span class=\"ff2 lsc4 wsc3\">2<span class=\"_ _2\"></span>7.<span class=\"_ _2\"></span>7<span class=\"_ _1c2\"> </span></span><span class=\"lsed wsf2\">(<span class=\"_ _1\"></span>11<span class=\"_ _2\"></span>.1<span class=\"_ _1\"></span>)</span></div><div class=\"t m0 hd ff1 fs7 fc3 sc0 ls2 ws2 gs55f\"> <span class=\"_ _233\"> </span><span class=\"ff2 lsc6 wsc5\">2<span class=\"_ _2\"></span>9.<span class=\"_ _2\"></span>8<span class=\"_ _63\"> </span></span><span class=\"lsd7 wsd7\">(<span class=\"_ _1\"></span>4<span class=\"_ _1\"></span>.4<span class=\"_ _1\"></span>)<span class=\"_ _383\"> </span></span></div><div class=\"t m3 hc ff2 fs7 fc2 sc0 ls2 ws2 gs561\"><span class=\"_ _383\">25.\u2002De</span><span class=\"_ _1\"></span>rivative<span class=\"_ _1\"></span>s<span class=\"_ _383\"> </span></div><div class=\"t m3 hd ff1 fs7 fc3 sc0 ls11 ws2 gs562\">The table below r<span class=\"_ _6\"></span>econciles the gross amount of deriv<span class=\"_ _6\"></span>ative contr<span class=\"_ _6\"></span>acts to the carrying balance sho<span class=\"_ _6\"></span>wn in the Consolidated Statemen<span class=\"_ _6\"></span>t of Financial </div><div class=\"t m3 hd ff1 fs7 fc3 sc0 ls11 ws6e gs563\">Position:<span class=\"_ _383\"> </span></div><div class=\"t m3 h3a ff2 fs5 fc3 sc0 lse ws2 gs564\">Gross amount </div><div class=\"t m3 h3a ff2 fs5 fc3 sc0 lse ws2 gs565\">of recognise<span class=\"_ _1\"></span>d </div><div class=\"t m3 h3a ff2 fs5 fc3 sc0 lse ws71 gs566\">\ufb01nancial </div><div class=\"t m3 h3a ff2 fs5 fc3 sc0 lse ws2 gs567\">assets / </div><div class=\"t m3 h3a ff2 fs5 fc3 sc0 lse ws71 gs568\">(liabilities)<span class=\"_ _383\"> </span></div><div class=\"t m3 h3a ff2 fs5 fc3 sc0 lse ws71 gs569\">\u00a3m<span class=\"_ _383\"> </span></div><div class=\"t m3 h3a ff2 fs5 fc3 sc0 lse ws2 gs56a\">Net amount </div><div class=\"t m3 h3a ff2 fs5 fc3 sc0 lse ws2 gs56b\">of \ufb01nancial </div><div class=\"t m3 h3a ff2 fs5 fc3 sc0 lse ws2 gs56c\">assets / </div><div class=\"t m3 h3a ff2 fs5 fc3 sc0 lse ws71 gs56d\">(liabilities) </div><div class=\"t m3 h3a ff2 fs5 fc3 sc0 lse ws71 gs56e\">presented </div><div class=\"t m3 h3a ff2 fs5 fc3 sc0 lse ws2 gs56f\">in the </div><div class=\"t m3 h3a ff2 fs5 fc3 sc0 lse ws71 gs570\">Consolidated </div><div class=\"t m3 h3a ff2 fs5 fc3 sc0 lse ws71 gs571\">Statement </div><div class=\"t m3 h3a ff2 fs5 fc3 sc0 lse ws2 gs572\">of Financial </div><div class=\"t m3 h3a ff2 fs5 fc3 sc0 lse ws71 gs573\">Position<span class=\"_ _383\"> </span></div><div class=\"t m3 h3a ff2 fs5 fc3 sc0 lse ws71 gs574\">\u00a3m<span class=\"_ _383\"> </span></div><div class=\"t m3 h3a ff2 fs5 fc3 sc0 lse ws71 gs575\">Contracts </div><div class=\"t m3 h3a ff2 fs5 fc3 sc0 lse ws2 gs576\">subject to </div><div class=\"t m3 h3a ff2 fs5 fc3 sc0 lse ws2 gs577\">master netting </div><div class=\"t m3 h3a ff2 fs5 fc3 sc0 lse ws71 gs578\">agreements </div><div class=\"t m3 h3a ff2 fs5 fc3 sc0 ls16b ws188 gs579\"><span class=\"_ _383\">not offset </span></div><div class=\"t m3 h3a ff2 fs5 fc3 sc0 lse ws2 gs57a\">in the </div><div class=\"t m3 h3a ff2 fs5 fc3 sc0 lse ws71 gs57b\">Consolidated </div><div class=\"t m3 h3a ff2 fs5 fc3 sc0 lse ws71 gs57c\">Statement </div><div class=\"t m3 h3a ff2 fs5 fc3 sc0 lse ws2 gs57d\">of Financial </div><div class=\"t m3 h3a ff2 fs5 fc3 sc0 lse ws71 gs57e\">Position<span class=\"_ _383\"> </span></div><div class=\"t m3 h3a ff2 fs5 fc3 sc0 lse ws71 gs57f\">\u00a3m<span class=\"_ _383\"> </span></div><div class=\"t m3 h3a ff2 fs5 fc3 sc0 lse ws71 gs580\">Cash </div><div class=\"t m3 h3a ff2 fs5 fc3 sc0 lse ws71 gs581\">collateral </div><div class=\"t m3 h3a ff2 fs5 fc3 sc0 lse ws2 gs582\">paid / </div><div class=\"t m3 h3a ff2 fs5 fc3 sc0 lse ws2 gs583\">(received) not </div><div class=\"t m3 h3a ff2 fs5 fc3 sc0 lse ws2 gs584\"><span class=\"_ _383\">offset in the </span></div><div class=\"t m3 h3a ff2 fs5 fc3 sc0 lse ws71 gs585\">Consolidated </div><div class=\"t m3 h3a ff2 fs5 fc3 sc0 lse ws71 gs586\">Statement </div><div class=\"t m3 h3a ff2 fs5 fc3 sc0 lse ws2 gs587\">of Financial </div><div class=\"t m3 h3a ff2 fs5 fc3 sc0 lse ws71 gs588\">Position<span class=\"_ _383\"> </span></div><div class=\"t m3 h3a ff2 fs5 fc3 sc0 lse ws71 gs589\">\u00a3m<span class=\"_ _383\"> </span></div><div class=\"t m3 h3a ff2 fs5 fc3 sc0 lse ws2 gs58a\">Net amount<span class=\"_ _383\"> </span></div><div class=\"t m3 h3a ff2 fs5 fc3 sc0 lse ws71 gs58b\">\u00a3m<span class=\"_ _383\"> </span></div><div class=\"t m3 hc ff2 fs7 fc3 sc0 ls11 ws2 gs58c\">At 31 December 2022<span class=\"_ _2b1\"> </span><span class=\"ls2\"> <span class=\"_ _11a\"> </span> <span class=\"_ _11a\"> </span> <span class=\"_ _21a\"> </span> <span class=\"_ _11a\"> </span> </span></div><div class=\"t m3 hd ff1 fs7 fc3 sc0 ls11 ws2 gs58d\">Derivative asset<span class=\"_ _6\"></span>s:<span class=\"_ _2b2\"> </span><span class=\"ff2 ls2\"> <span class=\"_ _11a\"> </span> <span class=\"_ _11a\"> </span> <span class=\"_ _21a\"> </span> <span class=\"_ _11a\"> </span> </span></div><div class=\"t m3 hd ff1 fs7 fc3 sc0 ls11 ws2 gs58e\">Inter<span class=\"_ _6\"></span>est rat<span class=\"_ _6\"></span>e risk hedging<span class=\"_ _2b3\"> </span><span class=\"ff2 ls1f ws1c\">888.<span class=\"_ _8\"></span>1<span class=\"_ _5a\"> </span>888.<span class=\"_ _8\"></span>1<span class=\"_ _83\"> </span><span class=\"lsc5 wsc4\">(<span class=\"_ _1\"></span>1<span class=\"_ _2\"></span>0<span class=\"_ _1\"></span>4<span class=\"_ _1\"></span>.9<span class=\"_ _1\"></span>)<span class=\"_ _6b\"> </span><span class=\"lscd wsce\">(5<span class=\"_ _1\"></span>45.7<span class=\"_ _1\"></span>)<span class=\"_ _122\"> </span><span class=\"lsc4 wsc3\">2<span class=\"_ _0\"> </span>3<span class=\"_ _0\"></span>7.<span class=\"_ _0\"></span>5<span class=\"_ _383\"> </span></span></span></span></span></div><div class=\"t m3 hd ff1 fs7 fc3 sc0 ls11 ws2 gs58f\">Derivative liabilities:<span class=\"_ _10d\"> </span><span class=\"ff2 ls2\"> <span class=\"_ _21a\"> </span> <span class=\"_ _11a\"> </span> <span class=\"_ _11a\"> </span> <span class=\"_ _11a\"> </span> </span></div><div class=\"t m3 hd ff1 fs7 fc3 sc0 ls11 ws2 gs590\">Inter<span class=\"_ _6\"></span>est rat<span class=\"_ _6\"></span>e risk hedging<span class=\"_ _2b4\"> </span><span class=\"ff2 ls2\">(106.6<span class=\"_ _6\"></span>)<span class=\"_ _69\"> </span>(106.6)<span class=\"_ _122\"> </span><span class=\"lsc5 wsc4\">1<span class=\"_ _1\"></span>0<span class=\"_ _2\"></span>4<span class=\"_ _1\"></span>.9<span class=\"_ _86\"> </span></span>206.<span class=\"_ _6\"></span>9<span class=\"_ _70\"> </span><span class=\"ls7d wse2\">205.<span class=\"_ _1\"></span>2<span class=\"_ _383\"> </span></span></span></div><div class=\"t m3 hd ff1 fs7 fc3 sc0 ls11 ws2 gs591\">At 31 December 2021<span class=\"_ _1a0\"> </span><span class=\"ls2\"> <span class=\"_ _21a\"> </span> <span class=\"_ _11a\"> </span> <span class=\"_ _11a\"> </span> <span class=\"_ _21a\"> </span> </span></div><div class=\"t m3 hd ff1 fs7 fc3 sc0 ls11 ws2 gs592\">Derivative asset<span class=\"_ _6\"></span>s:<span class=\"_ _2b2\"> </span><span class=\"ls2\"> <span class=\"_ _21a\"> </span> <span class=\"_ _11a\"> </span> <span class=\"_ _21a\"> </span> <span class=\"_ _11a\"> </span> </span></div><div class=\"t m3 hd ff1 fs7 fc3 sc0 ls11 ws2 gs593\">Inter<span class=\"_ _6\"></span>est rat<span class=\"_ _6\"></span>e risk hedging<span class=\"_ _dc\"> </span><span class=\"ls14 ws11\">185.7<span class=\"_ _3b\"> </span>185.7<span class=\"_ _55\"> </span><span class=\"ls86 wsf1\">(1<span class=\"_ _1\"></span>6<span class=\"_ _2\"></span>.9<span class=\"_ _1\"></span>)<span class=\"_ _98\"> </span><span class=\"lsc7 ws7f\">(115<span class=\"_ _1\"></span>.<span class=\"_ _1\"></span>3)<span class=\"_ _e8\"> </span><span class=\"ls6f ws75\">53.5<span class=\"_ _383\"> </span></span></span></span></span></div><div class=\"t m3 hd ff1 fs7 fc3 sc0 ls11 ws2 gs594\">Derivative liabilities:<span class=\"_ _2b5\"> </span><span class=\"ls2\"> <span class=\"_ _21a\"> </span> <span class=\"_ _11a\"> </span> <span class=\"_ _11a\"> </span> <span class=\"_ _21a\"> </span> </span></div><div class=\"t m3 hd ff1 fs7 fc3 sc0 ls11 ws2 gs595\">Inter<span class=\"_ _6\"></span>est rat<span class=\"_ _6\"></span>e risk hedging<span class=\"_ _294\"> </span><span class=\"lsf8 wsfd\">(<span class=\"_ _1\"></span>1<span class=\"_ _2\"></span>9.<span class=\"_ _2\"></span>7<span class=\"_ _0\"> </span>)<span class=\"_ _5c\"> </span>(<span class=\"_ _2\"></span>1<span class=\"_ _1\"></span>9.<span class=\"_ _2\"></span>7<span class=\"_ _3\"> </span>)<span class=\"_ _55\"> </span><span class=\"ls86 wsf1\">16<span class=\"_ _2\"></span>.9<span class=\"_ _55\"> </span><span class=\"ls6f ws75\">98<span class=\"_ _1\"></span>.3<span class=\"_ _55\"> </span><span class=\"lscd wsce\">95.5<span class=\"_ _383\"> </span></span></span></span></span></div><div class=\"t m3 hd ff1 fs7 fc3 sc0 ls11 ws2 gs596\">Derivative asset<span class=\"_ _6\"></span>s and liabilities include an initial margin of \u00a3198.<span class=\"_ _6\"></span>6m with sw<span class=\"_ _6\"></span>ap counterparties.<span class=\"_ _383\"> </span></div><div class=\"t m3 hd ff1 fs7 fc3 sc0 ls11 ws2 gs597\">Included within the Group<span class=\"_ _8\"></span>\u2019<span class=\"_ _6\"></span>s derivativ<span class=\"_ _6\"></span>e assets is \u00a3203<span class=\"_ _6\"></span>.<span class=\"_ _1f6\"></span>4m (2021: \u00a348.7<span class=\"_ _1f6\"></span>m) relating to derivative contr<span class=\"_ _8\"></span>acts not covere<span class=\"_ _6\"></span>d by master netting agr<span class=\"_ _6\"></span>eements </div><div class=\"t m3 hd ff1 fs7 fc3 sc0 ls11 ws2 gs598\">on which no cash collateral has been paid.<span class=\"_ _383\"> </span></div><div class=\"t m3 hd ff1 fs7 fc3 sc0 ls11 ws2 gs599\">The table below pr<span class=\"_ _6\"></span>o\ufb01les the maturity of nominal amoun<span class=\"_ _6\"></span>ts for inter<span class=\"_ _6\"></span>est r<span class=\"_ _6\"></span>ate risk hedging derivativ<span class=\"_ _6\"></span>es based on contr<span class=\"_ _6\"></span>actual maturity: </div><div class=\"t m3 h3a ff2 fs5 fc3 sc0 lse ws2 gs59a\">T<span class=\"_ _8\"></span>otal nominal<span class=\"_ _383\"> </span></div><div class=\"t m3 h3a ff2 fs5 fc3 sc0 lse ws71 gs59b\">\u00a3m<span class=\"_ _383\"> </span></div><div class=\"t m3 h3a ff2 fs5 fc3 sc0 lse ws2 gs59c\">Less than 3 </div><div class=\"t m3 h3a ff2 fs5 fc3 sc0 lse ws71 gs59d\">months<span class=\"_ _383\"> </span></div><div class=\"t m3 h3a ff2 fs5 fc3 sc0 lse ws71 gs59e\">\u00a3m</div><div class=\"t m3 h3a ff2 fs5 fc3 sc0 lse ws2 gs59f\"> 3 \u2013 12 months<span class=\"_ _383\"> </span></div><div class=\"t m3 h3a ff2 fs5 fc3 sc0 lse ws71 gs5a0\">\u00a3m</div><div class=\"t m3 h3a ff2 fs5 fc3 sc0 lse ws2 gs5a1\"> 1 \u2013 5 years<span class=\"_ _383\"> </span></div><div class=\"t m3 h3a ff2 fs5 fc3 sc0 lse ws71 gs5a2\">\u00a3m<span class=\"_ _383\"> </span></div><div class=\"t m3 h3a ff2 fs5 fc3 sc0 lse ws2 gs5a3\">More than 5 </div><div class=\"t m3 h3a ff2 fs5 fc3 sc0 lse ws71 gs5a4\">years<span class=\"_ _383\"> </span></div><div class=\"t m3 h3a ff2 fs5 fc3 sc0 lse ws71 gs5a5\">\u00a3m<span class=\"_ _383\"> </span></div><div class=\"t m3 hc ff2 fs7 fc3 sc0 ls11 ws2 gs5a6\">At 31 December 2022<span class=\"_ _2b1\"> </span><span class=\"ls2\"> <span class=\"_ _11a\"> </span> <span class=\"_ _11a\"> </span> <span class=\"_ _21a\"> </span> <span class=\"_ _11a\"> </span> </span></div><div class=\"t m3 hd ff1 fs7 fc3 sc0 ls11 ws2 gs5a7\">Derivative asset<span class=\"_ _6\"></span>s<span class=\"_ _ad\"> </span><span class=\"ff2 ls2\">15,662.6<span class=\"_ _8c\"> </span><span class=\"ls11 ws6e\">464.<span class=\"_ _1\"></span>8<span class=\"_ _a5\"> </span><span class=\"ls22 ws1f\">3<span class=\"_ _2\"></span>,40<span class=\"_ _2\"></span>0.<span class=\"_ _1\"></span>3<span class=\"_ _19f\"> </span><span class=\"lscb wscb\">11,5<span class=\"_ _1\"></span>90.<span class=\"_ _1\"></span>5<span class=\"_ _50\"> </span><span class=\"lsc4 wsc3\">2<span class=\"_ _2\"></span>0<span class=\"_ _2\"></span>7.<span class=\"_ _0\"></span>0<span class=\"_ _383\"> </span></span></span></span></span></span></div><div class=\"t m3 hd ff1 fs7 fc3 sc0 ls11 ws2 gs5a8\">Derivative liabilities<span class=\"_ _2a2\"> </span><span class=\"ff2 ls16c ws189\">9,<span class=\"_ _2\"></span>5<span class=\"_ _1\"></span>1<span class=\"_ _2\"></span>8<span class=\"_ _2\"></span>.<span class=\"_ _1\"></span>0<span class=\"_ _d\"> </span><span class=\"ls2c ws29\">1,503.0<span class=\"_ _66\"> </span><span class=\"ls7e ws16\">6,0<span class=\"_ _1\"></span>01<span class=\"_ _1\"></span>.0<span class=\"_ _d2\"> </span><span class=\"lsc6 wsc5\">1<span class=\"_ _1\"></span>,<span class=\"_ _2\"></span>7<span class=\"_ _1\"></span>8<span class=\"_ _2\"></span>9.<span class=\"_ _1\"></span>0<span class=\"_ _98\"> </span><span class=\"ls7d wse2\">225.0</span></span></span></span></span></div><div class=\"t m3 hd ff1 fs7 fc3 sc0 ls2 ws2 gs5a9\"> <span class=\"_ _2b6\"> </span><span class=\"ff2 lsff ws91\">25,<span class=\"_ _8\"></span>180.6<span class=\"_ _69\"> </span><span class=\"lsc4 wsc3\">1<span class=\"_ _0\"></span>,<span class=\"_ _2\"></span>9<span class=\"_ _2\"></span>6<span class=\"_ _2\"></span>7.<span class=\"_ _0\"></span>8<span class=\"_ _40\"> </span><span class=\"ls16c ws189\">9,4<span class=\"_ _2\"></span>0<span class=\"_ _2\"></span>1<span class=\"_ _1\"></span>.<span class=\"_ _2\"></span>3<span class=\"_ _aa\"> </span><span class=\"lsf9 ws82\">13,379<span class=\"_ _1f6\"></span>.5<span class=\"_ _8c\"> </span><span class=\"ls7e ws16\">432<span class=\"_ _1\"></span>.0<span class=\"_ _383\"> </span></span></span></span></span></span></div><div class=\"t m3 hd ff1 fs7 fc3 sc0 ls11 ws2 gs5aa\">At 31 December 2021<span class=\"_ _1a0\"> </span><span class=\"ls2\"> <span class=\"_ _21a\"> </span> <span class=\"_ _11a\"> </span> <span class=\"_ _11a\"> </span> <span class=\"_ _21a\"> </span> </span></div><div class=\"t m3 hd ff1 fs7 fc3 sc0 ls11 ws2 gs5ab\">Derivative asset<span class=\"_ _6\"></span>s<span class=\"_ _1a2\"> </span><span class=\"lsc5 wsc4\">12<span class=\"_ _1\"></span>,9<span class=\"_ _1\"></span>6<span class=\"_ _2\"></span>8<span class=\"_ _1\"></span>.<span class=\"_ _2\"></span>3<span class=\"_ _5a\"> </span><span class=\"ls79 wse8\">245.<span class=\"_ _1\"></span>2<span class=\"_ _d2\"> </span><span class=\"ls2c ws29\">2,345.<span class=\"_ _8\"></span>4<span class=\"_ _1a\"> </span><span class=\"ls87 wsc6\">10,23<span class=\"_ _1\"></span>5.7<span class=\"_ _3b\"> </span><span class=\"ls7c wsd0\">142<span class=\"_ _1\"></span>.0<span class=\"_ _383\"> </span></span></span></span></span></span></div><div class=\"t m3 hd ff1 fs7 fc3 sc0 ls11 ws2 gs5ac\">Derivative liabilities<span class=\"_ _16a\"> </span><span class=\"ls2c ws29\">7<span class=\"_ _1f6\"></span>,378.<span class=\"_ _6\"></span>0<span class=\"_ _7f\"> </span><span class=\"ls9f wsbc\">1,<span class=\"_ _1\"></span>361.0<span class=\"_ _a1\"> </span><span class=\"lsc8 wsc8\">4<span class=\"_ _2\"></span>,<span class=\"_ _0\"></span>7<span class=\"_ _0\"></span>4<span class=\"_ _2\"></span>7.<span class=\"_ _2\"></span>0<span class=\"_ _122\"> </span></span>1,150.0<span class=\"_ _18d\"> </span><span class=\"ls12 wsf\">120.0</span></span></span></div><div class=\"t m3 hd ff1 fs7 fc3 sc0 ls2 ws2 gs5ad\"> <span class=\"_ _1c7\"> </span><span class=\"ls2c ws29\">20<span class=\"_ _6\"></span>,346.3<span class=\"_ _40\"> </span><span class=\"ls9f wsbc\">1,<span class=\"_ _1\"></span>606<span class=\"_ _1\"></span>.2<span class=\"_ _8e\"> </span><span class=\"lsc8 wsc8\">7,<span class=\"_ _0\"></span>0<span class=\"_ _0\"></span>9<span class=\"_ _0\"></span>2<span class=\"_ _0\"></span>.<span class=\"_ _2\"></span>4<span class=\"_ _121\"> </span><span class=\"lsc7 ws7f\">11,<span class=\"_ _1\"></span>3<span class=\"_ _1\"></span>8<span class=\"_ _1\"></span>5<span class=\"_ _1\"></span>.7<span class=\"_ _91\"> </span><span class=\"ls1e ws43\">262.0<span class=\"_ _383\"> </span></span></span></span></span></span></div><div class=\"t m3 hd ff1 fs7 fc3 sc0 ls11 ws2 gs5ae\">The Group has 916 (2<span class=\"_ _6\"></span>021: 841) derivativ<span class=\"_ _6\"></span>e contract<span class=\"_ _6\"></span>s with an aver<span class=\"_ _6\"></span>age \ufb01xed r<span class=\"_ _6\"></span>ate of 1.34% (<span class=\"_ _6\"></span>2021: 0<span class=\"_ _6\"></span>.34%).<span class=\"_ _383\"> </span></div><div class=\"t m0 hc ff2 fs7 fc2 sc0 ls2 ws2 gs5b0\"><span class=\"_ _383\">26.\u2002Hed</span><span class=\"_ _1\"></span>ge ac<span class=\"_ _1\"></span>co<span class=\"_ _1\"></span>unting<span class=\"_ _383\"> </span></div><div class=\"t m0 h3a ff2 fs5 fc3 sc0 lse ws71 gs5b1\">2022<span class=\"_ _383\"> </span></div><div class=\"t m0 h3a ff2 fs5 fc3 sc0 lse ws71 gs5b2\">\u00a3m<span class=\"_ _383\"> </span></div><div class=\"t m0 h8 ff1 fs5 fc3 sc0 lse ws71 gs5b3\">2021<span class=\"_ _383\"> </span></div><div class=\"t m0 h8 ff1 fs5 fc3 sc0 lse ws71 gs5b4\">\u00a3m<span class=\"_ _383\"> </span></div><div class=\"t m0 hc ff2 fs7 fc3 sc0 ls11 ws2 gs5b5\">Hedged assets<span class=\"_ _2b7\"> </span><span class=\"ls2\"> </span></div><div class=\"t m0 hd ff1 fs7 fc3 sc0 ls11 ws2 gs5b6\">Current hedge r<span class=\"_ _6\"></span>elationships<span class=\"_ _29c\"> </span><span class=\"ff2 lsc4 wsc3\">(<span class=\"_ _1\"></span>8<span class=\"_ _0\"> </span>2<span class=\"_ _0\"></span>7.<span class=\"_ _2\"></span>9<span class=\"_ _2\"></span>)<span class=\"_ _83\"> </span></span><span class=\"ls86 wsf1\">(<span class=\"_ _1\"></span>1<span class=\"_ _2\"></span>9<span class=\"_ _1\"></span>0<span class=\"_ _1\"></span>.9<span class=\"_ _1\"></span>)<span class=\"_ _383\"> </span></span></div><div class=\"t m0 hd ff1 fs7 fc3 sc0 ls11 ws2 gs5b7\">Swap inception adjus<span class=\"_ _6\"></span>tment<span class=\"_ _20f\"> </span><span class=\"ff2 lsc3 wsc2\">44<span class=\"_ _1\"></span>.1<span class=\"_ _5c\"> </span></span><span class=\"lsc7 ws7f\">(2<span class=\"_ _1\"></span>6.<span class=\"_ _2\"></span>2)<span class=\"_ _383\"> </span></span></div><div class=\"t m0 hd ff1 fs7 fc3 sc0 ls11 ws2 gs5b8\">Cancelled hedge relationships<span class=\"_ _2b8\"> </span><span class=\"ff2 lsc9 wsc9\">(5<span class=\"_ _1\"></span>.2)<span class=\"_ _e8\"> </span></span><span class=\"ls9f wsbc\">78<span class=\"_ _1\"></span>.2<span class=\"_ _383\"> </span></span></div><div class=\"t m0 hd ff2 fs7 fc3 sc0 ls11 ws2 gs5b9\">Fair value adjustment<span class=\"_ _6\"></span>s on hedged assets<span class=\"_ _255\"> </span><span class=\"lsc6 wsc5\">(<span class=\"_ _2\"></span>7<span class=\"_ _1\"></span>8<span class=\"_ _2\"></span>9.<span class=\"_ _1\"></span>0<span class=\"_ _2\"></span>)<span class=\"_ _74\"> </span><span class=\"ff1 ls86 wsf1\">(<span class=\"_ _1\"></span>1<span class=\"_ _1\"></span>3<span class=\"_ _2\"></span>8<span class=\"_ _1\"></span>.9<span class=\"_ _1\"></span>)<span class=\"_ _383\"> </span></span></span></div><div class=\"t m0 hc ff2 fs7 fc3 sc0 ls11 ws2 gs5ba\">Hedged liabilities<span class=\"_ _283\"> </span><span class=\"ls2\"> </span></div><div class=\"t m0 hd ff1 fs7 fc3 sc0 ls11 ws2 gs5bb\">Current hedge r<span class=\"_ _6\"></span>elationships <span class=\"_ _1d1\"> </span><span class=\"ff2 ls1f ws1c\">58.0<span class=\"_ _37\"> </span></span><span class=\"lsf8 wsfd\">1<span class=\"_ _2\"></span>9.<span class=\"_ _2\"></span>6<span class=\"_ _383\"> </span></span></div><div class=\"t m0 hd ff1 fs7 fc3 sc0 ls11 ws2 gs5bc\">Swap inception adjus<span class=\"_ _6\"></span>tment <span class=\"_ _2b9\"> </span><span class=\"ff2 ls1c wsb5\">(2<span class=\"_ _1\"></span>.3<span class=\"_ _1\"></span>)<span class=\"_ _d0\"> </span></span><span class=\"ls2c ws29\">3.3<span class=\"_ _383\"> </span></span></div><div class=\"t m0 hd ff1 fs7 fc3 sc0 ls11 ws2 gs5bd\">Cancelled hedge relationships<span class=\"_ _2ba\"> </span><span class=\"ff2 ls88 wse3\">(0.6)<span class=\"_ _d0\"> </span></span><span class=\"lsd7 wsd7\">(<span class=\"_ _1\"></span>1<span class=\"_ _1\"></span>.4<span class=\"_ _1\"></span>)<span class=\"_ _383\"> </span></span></div><div class=\"t m0 hd ff1 fs7 fc3 sc0 ls11 ws2 gs5be\">De-designated hedge relationships<span class=\"_ _1ef\"> </span><span class=\"ff2 ls2\">\u2013 <span class=\"_ _d0\"> </span></span><span class=\"ls12 wsf\">(1.<span class=\"_ _1\"></span>8)<span class=\"_ _383\"> </span></span></div><div class=\"t m0 hd ff2 fs7 fc3 sc0 ls11 ws2 gs5bf\">Fair value adjustment<span class=\"_ _6\"></span>s on hedged liabilities<span class=\"_ _1ed\"> </span><span class=\"lsc3 wsc2\">5<span class=\"_ _1\"></span>5<span class=\"_ _1\"></span>.1<span class=\"_ _63\"> </span><span class=\"ff1 lsf8 wsfd\">1<span class=\"_ _2\"></span>9.<span class=\"_ _2\"></span>7<span class=\"_ _383\"> </span></span></span></div><div class=\"t m0 hd ff1 fs7 fc3 sc0 ls11 ws2 gs5c0\">The sw<span class=\"_ _6\"></span>ap inception adjustment r<span class=\"_ _6\"></span>elates to hedge accounting adjustmen<span class=\"_ _6\"></span>ts arising when hedge accounting commences, primarily on deriv<span class=\"_ _6\"></span>ative </div><div class=\"t m0 hd ff1 fs7 fc3 sc0 ls11 ws2 gs5c1\">instrument<span class=\"_ _6\"></span>s previously t<span class=\"_ _6\"></span>ak<span class=\"_ _6\"></span>en out against the mortgage pipeline and on derivativ<span class=\"_ _6\"></span>e instrument<span class=\"_ _6\"></span>s previously t<span class=\"_ _6\"></span>ak<span class=\"_ _6\"></span>en out against ne<span class=\"_ _6\"></span>w retail deposits<span class=\"_ _8\"></span>.<span class=\"_ _383\"> </span></div><div class=\"t m0 hd ff1 fs7 fc3 sc0 ls11 ws2 gs5c2\">De-designated hedge relationships r<span class=\"_ _6\"></span>elates to hedge accounting adjustmen<span class=\"_ _6\"></span>ts on failed hedge accounting r<span class=\"_ _6\"></span>elationships. These adjus<span class=\"_ _6\"></span>tments are </div><div class=\"t m0 hd ff1 fs7 fc3 sc0 ls11 ws2 gs5c3\">amortised over the r<span class=\"_ _6\"></span>emaining lives of the original hedge<span class=\"_ _6\"></span>d items. </div><div class=\"t m0 hd ff1 fs7 fc3 sc0 ls11 ws2 gs5c4\">Cancelled hedge relationships predominan<span class=\"_ _6\"></span>tly repr<span class=\"_ _6\"></span>esent the unamortised fair value adjustmen<span class=\"_ _6\"></span>t for inter<span class=\"_ _6\"></span>est r<span class=\"_ _6\"></span>ate risk hedges that have been </div><div class=\"t m0 hd ff1 fs7 fc3 sc0 ls11 ws2 gs5c5\">cancelled and replaced due to securitisation activities<span class=\"_ _6\"></span>, legacy long-term \ufb01xed r<span class=\"_ _6\"></span>ate mortgages (c<span class=\"_ _6\"></span>. 25 year<span class=\"_ _6\"></span>s at origination) and during 2021 IBOR </div><div class=\"t m0 hd ff1 fs7 fc3 sc0 ls11 ws6e gs5c6\">transition. </div><div class=\"t m0 hd ff1 fs7 fc3 sc0 ls11 ws2 gs5c7\">The tables below analyse the Gr<span class=\"_ _6\"></span>oup<span class=\"_ _6\"></span>\u2019<span class=\"_ _8\"></span>s portfolio hedge accounting for \ufb01xed r<span class=\"_ _6\"></span>ate loans and advances to cus<span class=\"_ _6\"></span>tomers:<span class=\"_ _383\"> </span></div><div class=\"t m0 h8 ff1 fs5 fc3 sc0 lse ws2 gs5c8\">Loans and advances to cus<span class=\"_ _6\"></span>tomers<span class=\"_ _383\"> </span></div><div class=\"t m0 h8 ff2 fs5 fc3 sc0 lse ws71 gs5c9\">2022<span class=\"_ _a0\"> </span><span class=\"ff1\">2021<span class=\"_ _383\"> </span></span></div><div class=\"t m0 h3a ff2 fs5 fc3 sc0 lse ws2 gs5ca\">Hedged item<span class=\"_ _383\"> </span></div><div class=\"t m0 h3a ff2 fs5 fc3 sc0 lse ws71 gs5cb\">\u00a3m<span class=\"_ _383\"> </span></div><div class=\"t m0 h3a ff2 fs5 fc3 sc0 lse ws71 gs5cc\">Hedging </div><div class=\"t m0 h3a ff2 fs5 fc3 sc0 lse ws71 gs5cd\">instrument<span class=\"_ _383\"> </span></div><div class=\"t m0 h3a ff2 fs5 fc3 sc0 lse ws71 gs5ce\">\u00a3m<span class=\"_ _383\"> </span></div><div class=\"t m0 h8 ff1 fs5 fc3 sc0 lse ws2 gs5cf\">Hedged item<span class=\"_ _383\"> </span></div><div class=\"t m0 h8 ff1 fs5 fc3 sc0 lse ws71 gs5d0\">\u00a3m<span class=\"_ _383\"> </span></div><div class=\"t m0 h8 ff1 fs5 fc3 sc0 lse ws71 gs5d1\">Hedging </div><div class=\"t m0 h8 ff1 fs5 fc3 sc0 lse ws71 gs5d2\">instrument<span class=\"_ _383\"> </span></div><div class=\"t m0 h8 ff1 fs5 fc3 sc0 lse ws71 gs5d3\">\u00a3m<span class=\"_ _383\"> </span></div><div class=\"t m0 hd ff1 fs7 fc3 sc0 ls11 ws2 gs5d4\">Carrying amount of hedged it<span class=\"_ _6\"></span>em/<span class=\"_ _1f6\"></span>nominal value of hedging instrument<span class=\"_ _1c5\"> </span><span class=\"ff2 ls6f ws75\">14,<span class=\"_ _6\"></span>493.8<span class=\"_ _19f\"> </span><span class=\"lsc4 wsc3\">1<span class=\"_ _0\"></span>4<span class=\"_ _2\"></span>,<span class=\"_ _0\"></span>6<span class=\"_ _0\"></span>6<span class=\"_ _2\"></span>7.<span class=\"_ _0\"></span>7<span class=\"_ _89\"> </span><span class=\"ff1 ls88 wse3\">12<span class=\"_ _1\"></span>,<span class=\"_ _1\"></span>36<span class=\"_ _1\"></span>4.<span class=\"_ _1\"></span>3<span class=\"_ _19f\"> </span><span class=\"ls2 ws2\">12,550.2<span class=\"_ _383\"> </span></span></span></span></span></div><div class=\"t m0 hd ff1 fs7 fc3 sc0 ls11 ws2 gs5d5\">Cumulative fair v<span class=\"_ _6\"></span>alue adjustment<span class=\"_ _6\"></span>s of hedged item/<span class=\"_ _6\"></span>fair value o<span class=\"_ _6\"></span>f hedging instrument<span class=\"_ _61\"> </span><span class=\"ff2 lsc4 wsc3\">(<span class=\"_ _2\"></span>8<span class=\"_ _0\"> </span>2<span class=\"_ _0\"></span>7.<span class=\"_ _2\"></span>9<span class=\"_ _2\"></span>)<span class=\"_ _7f\"> </span><span class=\"ls2c ws29\">83<span class=\"_ _1\"></span>3.2<span class=\"_ _50\"> </span></span></span><span class=\"ls86 wsf1\">(<span class=\"_ _1\"></span>1<span class=\"_ _1\"></span>9<span class=\"_ _2\"></span>0<span class=\"_ _1\"></span>.9<span class=\"_ _1\"></span>)<span class=\"_ _18d\"> </span><span class=\"lsc8 wsc8\">1<span class=\"_ _2\"></span>8<span class=\"_ _0\"></span>7.<span class=\"_ _2\"></span>4<span class=\"_ _383\"> </span></span></span></div><div class=\"t m0 hd ff1 fs7 fc3 sc0 ls11 ws2 gs5d6\">Changes in the fair value adjus<span class=\"_ _6\"></span>tment of hedged it<span class=\"_ _6\"></span>em/hedging instrument used f<span class=\"_ _6\"></span>or </div><div class=\"t m0 hd ff1 fs7 fc3 sc0 ls11 ws2 gs5d7\"><span class=\"_ _383\">recognising the hedge ineffectiv</span><span class=\"_ _6\"></span>eness for the period<span class=\"_ _2bb\"> </span><span class=\"ff2 lsa wse4\">(62<span class=\"_ _1\"></span>0<span class=\"_ _1\"></span>.<span class=\"_ _1\"></span>6<span class=\"_ _1\"></span>)<span class=\"_ _70\"> </span><span class=\"lsc5 wsc4\">6<span class=\"_ _1\"></span>2<span class=\"_ _1\"></span>1<span class=\"_ _2\"></span>.9<span class=\"_ _50\"> </span></span></span><span class=\"lsc8 wsc8\">(<span class=\"_ _1\"></span>2<span class=\"_ _3\"> </span>9<span class=\"_ _2\"></span>7.<span class=\"_ _0\"></span>8<span class=\"_ _0\"></span>)<span class=\"_ _98\"> </span><span class=\"ls86 wsf1\">2<span class=\"_ _1\"></span>9<span class=\"_ _2\"></span>8<span class=\"_ _1\"></span>.9<span class=\"_ _383\"> </span></span></span></div><div class=\"t m0 hd ff1 fs7 fc3 sc0 ls11 ws2 gs5d8\">Cumulative fair v<span class=\"_ _6\"></span>alue on cancelled hedge relationships<span class=\"_ _2bc\"> </span><span class=\"ff2 lsc9 wsc9\">(5<span class=\"_ _1\"></span>.2)<span class=\"_ _1da\"> </span><span class=\"ls2 ws2\">\u2013<span class=\"_ _55\"> </span></span></span><span class=\"ls9f wsbc\">78<span class=\"_ _1\"></span>.<span class=\"_ _1\"></span>2<span class=\"_ _1cc\"> </span></span><span class=\"ls2\">\u2013<span class=\"_ _383\"> </span></span></div><div class=\"t m0 hd ff1 fs7 fc3 sc0 ls11 ws2 gs5d9\">In the Consolidated Statemen<span class=\"_ _6\"></span>t of Financial Position, \u00a3854<span class=\"_ _8\"></span>.3m (2021: \u00a3187<span class=\"_ _9\"></span>.7<span class=\"_ _8\"></span>m) of hedging instrumen<span class=\"_ _6\"></span>ts wer<span class=\"_ _6\"></span>e recognised within derivativ<span class=\"_ _6\"></span>e assets; and </div><div class=\"t m0 hd ff1 fs7 fc3 sc0 ls11 ws2 gs5da\">\u00a321.<span class=\"_ _6\"></span>1m (2<span class=\"_ _6\"></span>021: \u00a30<span class=\"_ _6\"></span>.3m) within derivativ<span class=\"_ _6\"></span>e liabilities.<span class=\"_ _383\"> </span></div><div class=\"t m0 hd ff1 fs7 fc3 sc0 ls11 ws2 gs5db\">The mov<span class=\"_ _6\"></span>ement in cancelled hedge relationships is as f<span class=\"_ _6\"></span>ollows:<span class=\"_ _383\"> </span></div><div class=\"t m0 h3a ff2 fs5 fc3 sc0 lse ws2 gs5dc\">Hedged assets<span class=\"_ _383\"> </span></div><div class=\"t m0 h3a ff2 fs5 fc3 sc0 lse ws71 gs5dd\">2022<span class=\"_ _383\"> </span></div><div class=\"t m0 h3a ff2 fs5 fc3 sc0 lse ws71 gs5de\">\u00a3m<span class=\"_ _383\"> </span></div><div class=\"t m0 h8 ff1 fs5 fc3 sc0 lse ws71 gs5df\">2021<span class=\"_ _383\"> </span></div><div class=\"t m0 h8 ff1 fs5 fc3 sc0 lse ws71 gs5e0\">\u00a3m<span class=\"_ _383\"> </span></div><div class=\"t m0 hd ff1 fs7 fc3 sc0 ls11 ws2 gs5e1\">At 1 January<span class=\"_ _264\"> </span><span class=\"ff2 lscc wscd\">78.<span class=\"_ _1\"></span>2<span class=\"_ _55\"> </span></span><span class=\"ls88 wse3\">84.<span class=\"_ _1\"></span>6<span class=\"_ _383\"> </span></span></div><div class=\"t m0 hd ff1 fs7 fc3 sc0 ls11 ws2 gs5e2\">New cancellations</div><div class=\"t m0 h1f ff1 fsf fc3 sc0 ls2 ws2 gs5e3\">1<span class=\"_ _383\"> </span></div><div class=\"t m0 hd ff2 fs7 fc3 sc0 lsc6 wsc5 gs5e4\">(<span class=\"_ _2\"></span>4<span class=\"_ _2\"></span>9.<span class=\"_ _2\"></span>3<span class=\"_ _1\"></span>)<span class=\"_ _e8\"> </span><span class=\"ff1 ls6f ws75\">33.5<span class=\"_ _383\"> </span></span></div><div class=\"t m0 hd ff1 fs7 fc3 sc0 ls11 ws6e gs5e5\">Amortisation<span class=\"_ _236\"> </span><span class=\"ff2 lsc3 wsc2\">(<span class=\"_ _1\"></span>3<span class=\"_ _2\"></span>4<span class=\"_ _1\"></span>.1<span class=\"_ _1\"></span>)<span class=\"_ _18d\"> </span></span><span class=\"lsf8 wsfd\">(<span class=\"_ _2\"></span>3<span class=\"_ _2\"></span>9.9<span class=\"_ _2\"></span>)<span class=\"_ _383\"> </span></span></div><div class=\"t m0 hd ff2 fs7 fc3 sc0 ls11 ws2 gs5e6\">At 31 December<span class=\"_ _2bd\"> </span><span class=\"lsc9 wsc9\">(5<span class=\"_ _1\"></span>.2)<span class=\"_ _e8\"> </span><span class=\"ff1 ls9f wsbc\">78<span class=\"_ _1\"></span>.2<span class=\"_ _383\"> </span></span></span></div><div class=\"t m0 h8 ff1 fs5 fc3 sc0 ls2 ws2 gs5e7\">1.  <span class=\"_ _149\"> </span> <span class=\"_ _23\"></span>F<span class=\"_ _1\"></span>ol<span class=\"_ _1\"></span>low<span class=\"_ _1\"></span>in<span class=\"_ _1\"></span>g th<span class=\"_ _1\"></span>e se<span class=\"_ _1\"></span>cu<span class=\"_ _1\"></span>riti<span class=\"_ _1\"></span>sa<span class=\"_ _1\"></span>tio<span class=\"_ _1\"></span>n of m<span class=\"_ _1\"></span>or<span class=\"_ _1\"></span>tg<span class=\"_ _1\"></span>ag<span class=\"_ _1\"></span>es d<span class=\"_ _1\"></span>ur<span class=\"_ _1\"></span>ing t<span class=\"_ _1\"></span>he y<span class=\"_ _1\"></span>ea<span class=\"_ _1\"></span>r an<span class=\"_ _1\"></span>d LIB<span class=\"_ _1\"></span>OR s<span class=\"_ _1\"></span>wap<span class=\"_ _1\"></span>s tra<span class=\"_ _1\"></span>ns<span class=\"_ _1\"></span>fe<span class=\"_ _1\"></span>rre<span class=\"_ _1\"></span>d to S<span class=\"_ _1\"></span>ON<span class=\"_ _1\"></span>IA s<span class=\"_ _1\"></span>wap<span class=\"_ _1\"></span>s thr<span class=\"_ _1\"></span>ou<span class=\"_ _1\"></span>gh th<span class=\"_ _1\"></span>e IB<span class=\"_ _1\"></span>OR t<span class=\"_ _1\"></span>ran<span class=\"_ _1\"></span>si<span class=\"_ _1\"></span>tio<span class=\"_ _1\"></span>n du<span class=\"_ _1\"></span>rin<span class=\"_ _1\"></span>g 202<span class=\"_ _1\"></span>1, the G<span class=\"_ _1\"></span>ro<span class=\"_ _1\"></span>up c<span class=\"_ _1\"></span>an<span class=\"_ _1\"></span>ce<span class=\"_ _1\"></span>ll<span class=\"_ _1\"></span>ed </div><div class=\"t m0 h8 ff1 fs5 fc3 sc0 ls2 ws2 gs5e8\">swa<span class=\"_ _1\"></span>ps w<span class=\"_ _1\"></span>hi<span class=\"_ _1\"></span>ch we<span class=\"_ _1\"></span>re e<span class=\"_ _1\"></span><span class=\"_ _383\">ffe</span><span class=\"_ _1\"></span>cti<span class=\"_ _1\"></span>ve p<span class=\"_ _1\"></span>ri<span class=\"_ _1\"></span>or to th<span class=\"_ _1\"></span>e ev<span class=\"_ _1\"></span>ent<span class=\"_ _1\"></span>, wi<span class=\"_ _1\"></span>th the d<span class=\"_ _1\"></span>e<span class=\"_ _1\"></span>sig<span class=\"_ _1\"></span>na<span class=\"_ _1\"></span>te<span class=\"_ _1\"></span>d he<span class=\"_ _1\"></span>dg<span class=\"_ _1\"></span>e mo<span class=\"_ _1\"></span>ve<span class=\"_ _1\"></span>d to ca<span class=\"_ _1\"></span>nc<span class=\"_ _1\"></span>el<span class=\"_ _1\"></span>le<span class=\"_ _1\"></span>d he<span class=\"_ _1\"></span>d<span class=\"_ _1\"></span>ge re<span class=\"_ _1\"></span>l<span class=\"_ _1\"></span>atio<span class=\"_ _1\"></span>ns<span class=\"_ _1\"></span>hi<span class=\"_ _1\"></span>ps to b<span class=\"_ _1\"></span>e am<span class=\"_ _1\"></span>or<span class=\"_ _1\"></span>t<span class=\"_ _1\"></span>is<span class=\"_ _1\"></span>ed ov<span class=\"_ _1\"></span>er t<span class=\"_ _1\"></span>he o<span class=\"_ _1\"></span>rig<span class=\"_ _1\"></span>ina<span class=\"_ _1\"></span>l li<span class=\"_ _1\"></span>fe of th<span class=\"_ _1\"></span>e sw<span class=\"_ _1\"></span>ap.<span class=\"_ _383\"> </span></div><span class=\"_ _383\">26.\u2002Hed</span><span class=\"_ _1\"></span>ge ac<span class=\"_ _1\"></span>co<span class=\"_ _1\"></span>unting<span class=\"ff5 lsd4 ws46\"> c<span class=\"_ _1\"></span>ontinue<span class=\"_ _1\"></span>d<span class=\"_ _383\"> </span></span>The tables below analyse the Gr<span class=\"_ _6\"></span>oup<span class=\"_ _6\"></span>\u2019<span class=\"_ _8\"></span>s portfolio hedge accounting for \ufb01xed r<span class=\"_ _6\"></span>ate amounts o<span class=\"_ _6\"></span>wed t<span class=\"_ _6\"></span>o retail depositor<span class=\"_ _6\"></span>s:<span class=\"_ _383\"> </span>Customer deposits<span class=\"_ _383\"> </span>2022<span class=\"_ _a0\"> </span><span class=\"ff1\">2021<span class=\"_ _383\"> </span></span>Hedged item<span class=\"_ _383\"> </span>\u00a3m<span class=\"_ _383\"> </span>Hedging instrument<span class=\"_ _383\"> </span>\u00a3m<span class=\"_ _383\"> </span>Hedged item<span class=\"_ _383\"> </span>\u00a3m<span class=\"_ _383\"> </span>Hedging instrument<span class=\"_ _383\"> </span>\u00a3m<span class=\"_ _383\"> </span>Carrying amount of hedged it<span class=\"_ _6\"></span>em/<span class=\"_ _1f6\"></span>nominal value of hedging instrument<span class=\"_ _120\"> </span><span class=\"ff2 lsc4 wsc3\">9,<span class=\"_ _2\"></span>1<span class=\"_ _2\"></span>6<span class=\"_ _2\"></span>7.<span class=\"_ _0\"> </span>3<span class=\"_ _40\"> </span><span class=\"ls16c ws189\">9,1<span class=\"_ _2\"></span>8<span class=\"_ _1\"></span>0<span class=\"_ _2\"></span>.<span class=\"_ _1\"></span>0<span class=\"_ _6b\"> </span></span></span><span class=\"ls7a wsa1\">6,3<span class=\"_ _1\"></span>86.0<span class=\"_ _6e\"> </span></span><span class=\"ws6e\">6,3<span class=\"_ _1\"></span>90.0<span class=\"_ _383\"> </span></span>Cumulative fair v<span class=\"_ _6\"></span>alue adjustment<span class=\"_ _6\"></span>s of hedged item/<span class=\"_ _6\"></span>fair value o<span class=\"_ _6\"></span>f hedging instrument<span class=\"_ _23f\"> </span><span class=\"ff2 ls1f ws1c\">58.0<span class=\"_ _5c\"> </span><span class=\"lsc4 wsc3\">(<span class=\"_ _2\"></span>6<span class=\"_ _2\"></span>7.<span class=\"_ _2\"></span>9<span class=\"_ _2\"></span>)<span class=\"_ _55\"> </span></span></span><span class=\"lsf8 wsfd\">1<span class=\"_ _2\"></span>9.<span class=\"_ _2\"></span>6<span class=\"_ _9d\"> </span><span class=\"ls7e ws16\">(18<span class=\"_ _1\"></span>.5<span class=\"_ _1\"></span>)<span class=\"_ _383\"> </span></span></span>Changes in the fair value adjus<span class=\"_ _6\"></span>tment of hedged it<span class=\"_ _6\"></span>em/hedging instrument used f<span class=\"_ _6\"></span>or <span class=\"_ _383\">recognising the hedge ineffectiv</span><span class=\"_ _6\"></span>eness for the period<span class=\"_ _e6\"> </span><span class=\"ff2 ls7e ws16\">33.0<span class=\"_ _18d\"> </span><span class=\"lsa wse4\">(<span class=\"_ _1\"></span>4<span class=\"_ _1\"></span>2<span class=\"_ _1\"></span>.4)<span class=\"_ _9d\"> </span></span></span><span class=\"lsc8 wsc8\">2<span class=\"_ _2\"></span>7.<span class=\"_ _2\"></span>4<span class=\"_ _254\"> </span><span class=\"lsed wsf2\">(2<span class=\"_ _1\"></span>6<span class=\"_ _1\"></span>.1<span class=\"_ _1\"></span>)<span class=\"_ _383\"> </span></span></span>In the Consolidated Statemen<span class=\"_ _6\"></span>t of Financial Position, \u00a32.<span class=\"_ _1f6\"></span>4m (2021: \u00a30<span class=\"_ _6\"></span>.3m) of hedging ins<span class=\"_ _6\"></span>truments w<span class=\"_ _6\"></span>ere r<span class=\"_ _6\"></span>ecognised within derivative assets; and \u00a37<span class=\"_ _6\"></span>0.<span class=\"_ _6\"></span>3m (2<span class=\"_ _6\"></span>021: \u00a318.8m) within derivative liabilities<span class=\"_ _8\"></span>.<span class=\"_ _383\"> </span><span class=\"_ _1\"></span><span class=\"_ _383\">\u2003</span>27<span class=\"_ _1f6\"></span><span class=\"_ _383\">.\u2002O</span><span class=\"_ _1\"></span>the<span class=\"_ _1\"></span>r ass<span class=\"_ _1\"></span>et<span class=\"_ _1\"></span>s 2022<span class=\"_ _383\"> </span>\u00a3m<span class=\"_ _383\"> </span>2021<span class=\"_ _383\"> </span>\u00a3m<span class=\"_ _383\"> </span>Falling due within one year:<span class=\"_ _2be\"> </span><span class=\"ff2 ls2\"> </span>Prepayment<span class=\"_ _6\"></span>s<span class=\"_ _235\"> </span><span class=\"ff2 lsc4 wsc3\">7.<span class=\"_ _0\"></span>8<span class=\"_ _20e\"> </span></span><span class=\"lsc8 wsc8\">7.<span class=\"_ _1\"></span>1<span class=\"_ _383\"> </span></span>Other assets<span class=\"_ _185\"> </span><span class=\"ff2 ls14 ws11\">1.8<span class=\"_ _e5\"> </span></span><span class=\"ls86 wsf1\">0<span class=\"_ _1\"></span>.9<span class=\"_ _383\"> </span></span>Falling due more than one year:<span class=\"_ _2bf\"> </span><span class=\"ff2 ls2\"> </span>Prepayment<span class=\"_ _6\"></span>s<span class=\"_ _2c0\"> </span><span class=\"ff2 ls81 wsdf\">5.4<span class=\"_ _e5\"> </span></span><span class=\"ls2 ws2\">2.2</span> <span class=\"_ _2c1\"> </span><span class=\"ff2 ls7e ws16\">15.0<span class=\"_ _9c\"> </span></span><span class=\"ls9f wsbc\">10.<span class=\"_ _1\"></span>2<span class=\"_ _383\"> </span></span><span class=\"_ _383\">28.\u2002D</span><span class=\"_ _1\"></span>efe<span class=\"_ _1\"></span>rre<span class=\"_ _1\"></span>d taxation a<span class=\"_ _1\"></span>sse<span class=\"_ _1\"></span>t<span class=\"_ _383\"> </span>Losses carried forward<span class=\"_ _383\"> </span>\u00a3m<span class=\"_ _383\"> </span>Accelerated depreciation<span class=\"_ _383\"> </span>\u00a3m<span class=\"_ _383\"> </span>Share-based payments<span class=\"_ _383\"> </span>\u00a3m<span class=\"_ _383\"> </span>IFRS 9 transitional adjustments<span class=\"_ _383\"> </span>\u00a3m<span class=\"_ _383\"> </span>Others<span class=\"_ _383\"> </span>1<span class=\"_ _383\"> </span>\u00a3m<span class=\"_ _383\"> </span>To<span class=\"_ _1\"></span>t<span class=\"_ _2\"></span>a<span class=\"_ _1\"></span>l<span class=\"_ _383\"> </span>\u00a3m<span class=\"_ _383\"> </span>At 1 January 2<span class=\"_ _6\"></span>021<span class=\"_ _2c2\"> </span><span class=\"ls86 wsf1\">0<span class=\"_ _1\"></span>.9<span class=\"_ _8b\"> </span><span class=\"lsd7 wsd7\">0<span class=\"_ _1\"></span>.4<span class=\"_ _ce\"> </span><span class=\"lsed wsf2\">3<span class=\"_ _2\"></span>.1<span class=\"_ _8b\"> </span><span class=\"ls9f wsbc\">0.7<span class=\"_ _57\"> </span></span></span>(<span class=\"_ _1\"></span>0<span class=\"_ _1\"></span>.4<span class=\"_ _1\"></span>)<span class=\"_ _b2\"> </span><span class=\"ls88 wse3\">4.<span class=\"_ _1\"></span>7<span class=\"_ _383\"> </span></span></span></span>Pro\ufb01t or loss (<span class=\"_ _6\"></span>charge<span class=\"_ _8\"></span>)/<span class=\"_ _8\"></span>credit<span class=\"_ _2c3\"> </span><span class=\"lsd7 wsd7\">(0<span class=\"_ _2\"></span>.4)<span class=\"_ _15c\"> </span><span class=\"lsed wsf2\">0<span class=\"_ _1\"></span>.1<span class=\"_ _23f\"> </span><span class=\"ls9f wsbc\">1.7<span class=\"_ _d9\"> </span></span></span></span><span class=\"ls2\">\u2013 <span class=\"_ _61\"> </span><span class=\"ls87 wsc6\">(1.<span class=\"_ _1\"></span>2)<span class=\"_ _d0\"> </span><span class=\"ls9f wsbc\">0.<span class=\"_ _1\"></span>2<span class=\"_ _383\"> </span></span></span></span>T<span class=\"_ _8\"></span>ransferr<span class=\"_ _6\"></span>ed to corporation tax liability<span class=\"_ _2c4\"> </span><span class=\"ls2\">\u2013 <span class=\"_ _3f\"> </span>\u2013 <span class=\"_ _37\"> </span><span class=\"lsd7 wsd7\">(<span class=\"_ _1\"></span>1<span class=\"_ _1\"></span>.4)<span class=\"_ _3f\"> </span></span>\u2013 <span class=\"_ _20e\"> </span>\u2013 <span class=\"_ _1b4\"> </span><span class=\"lsd7 wsd7\">(<span class=\"_ _1\"></span>1<span class=\"_ _2\"></span>.4)<span class=\"_ _383\"> </span></span></span>T<span class=\"_ _8\"></span>ax tak<span class=\"_ _6\"></span>en directly to OCI<span class=\"_ _2c5\"> </span><span class=\"ls2\">\u2013 <span class=\"_ _3f\"> </span>\u2013 <span class=\"_ _20e\"> </span>\u2013 <span class=\"_ _3f\"> </span>\u2013 <span class=\"_ _37\"> </span><span class=\"ls9f wsbc\">0.5<span class=\"_ _15e\"> </span>0.5<span class=\"_ _383\"> </span></span></span>T<span class=\"_ _8\"></span>ax tak<span class=\"_ _6\"></span>en directly to equity<span class=\"_ _2c6\"> </span><span class=\"ls2\">\u2013 <span class=\"_ _3f\"> </span>\u2013 <span class=\"_ _15c\"> </span><span class=\"ls9f wsbc\">1.6<span class=\"_ _d9\"> </span></span>\u2013 <span class=\"_ _20e\"> </span>\u2013 <span class=\"_ _53\"> </span><span class=\"ls9f wsbc\">1.6<span class=\"_ _383\"> </span></span></span>At 31 December 2021<span class=\"_ _2c7\"> </span><span class=\"ls9f wsbc\">0.5<span class=\"_ _53\"> </span>0.5<span class=\"_ _15e\"> </span></span><span class=\"ws6e\">5.0<span class=\"_ _e5\"> </span><span class=\"ls9f wsbc\">0.<span class=\"_ _1\"></span>7<span class=\"_ _90\"> </span><span class=\"lsed wsf2\">(1<span class=\"_ _1\"></span>.1<span class=\"_ _2\"></span>)<span class=\"_ _1b4\"> </span><span class=\"ls7a wsa1\">5.6<span class=\"_ _383\"> </span></span></span></span></span>Pro\ufb01t or loss (<span class=\"_ _6\"></span>charge<span class=\"_ _8\"></span>)/<span class=\"_ _8\"></span>credit<span class=\"_ _383\"> </span>2<span class=\"_ _383\"> </span>\u2013 <span class=\"_ _93\"> </span><span class=\"ls88 wse3\">(0.5<span class=\"_ _1\"></span>)<span class=\"_ _4f\"> </span><span class=\"ls11 ws6e\">0.5<span class=\"_ _b2\"> </span><span class=\"lsc3 wsc2\">(<span class=\"_ _1\"></span>0<span class=\"_ _1\"></span>.1<span class=\"_ _1\"></span>)<span class=\"_ _b2\"> </span><span class=\"ls14 ws11\">1.6<span class=\"_ _5f\"> </span>1.5<span class=\"_ _383\"> </span></span></span></span></span>T<span class=\"_ _8\"></span>ax tak<span class=\"_ _6\"></span>en directly to OCI<span class=\"_ _175\"> </span><span class=\"ff2 ls2\">\u2013 <span class=\"_ _3f\"> </span>\u2013 <span class=\"_ _20e\"> </span>\u2013 <span class=\"_ _3f\"> </span>\u2013 <span class=\"_ _63\"> </span><span class=\"lsc3 wsc2\">0<span class=\"_ _1\"></span>.1<span class=\"_ _90\"> </span>0<span class=\"_ _1\"></span>.1<span class=\"_ _383\"> </span></span></span>T<span class=\"_ _8\"></span>ax tak<span class=\"_ _6\"></span>en directly to equity<span class=\"_ _2c6\"> </span><span class=\"ff2 ls2\">\u2013 <span class=\"_ _20e\"> </span>\u2013 <span class=\"_ _96\"> </span><span class=\"lsc5 wsc4\">(0<span class=\"_ _1\"></span>.9<span class=\"_ _1\"></span>)<span class=\"_ _20e\"> </span></span>\u2013 <span class=\"_ _20e\"> </span>\u2013 <span class=\"_ _9d\"> </span><span class=\"lsc5 wsc4\">(<span class=\"_ _1\"></span>0<span class=\"_ _1\"></span>.9<span class=\"_ _1\"></span>)<span class=\"_ _383\"> </span></span></span>At 31 December 2022<span class=\"_ _175\"> </span><span class=\"ws6e\">0.5<span class=\"_ _1cc\"> </span></span><span class=\"ls2\">\u2013 <span class=\"_ _d0\"> </span></span><span class=\"ws6e\">4.<span class=\"_ _1\"></span>6<span class=\"_ _1c2\"> </span>0.<span class=\"_ _1\"></span>6<span class=\"_ _1c2\"> </span>0.6<span class=\"_ _15c\"> </span></span><span class=\"ls2\">6.<span class=\"_ _1\"></span>3<span class=\"_ _383\"> </span></span>1. <span class=\"_ _41\"> </span>O<span class=\"_ _1\"></span>the<span class=\"_ _1\"></span>rs i<span class=\"_ _1\"></span>nc<span class=\"_ _1\"></span>lu<span class=\"_ _1\"></span>de<span class=\"_ _1\"></span>s de<span class=\"_ _1\"></span>fe<span class=\"_ _1\"></span>rre<span class=\"_ _1\"></span>d ta<span class=\"_ _1\"></span>xati<span class=\"_ _1\"></span>on a<span class=\"_ _1\"></span>ss<span class=\"_ _1\"></span>et<span class=\"_ _1\"></span>s re<span class=\"_ _1\"></span>co<span class=\"_ _1\"></span>gn<span class=\"_ _1\"></span>is<span class=\"_ _1\"></span>e<span class=\"_ _1\"></span>d on \ufb01n<span class=\"_ _1\"></span>an<span class=\"_ _1\"></span>ci<span class=\"_ _1\"></span>al as<span class=\"_ _1\"></span>s<span class=\"_ _1\"></span>ets c<span class=\"_ _1\"></span>la<span class=\"_ _1\"></span>s<span class=\"_ _1\"></span>si\ufb01<span class=\"_ _1\"></span>e<span class=\"_ _1\"></span>d as F<span class=\"_ _1\"></span>VOC<span class=\"_ _1\"></span>I, d<span class=\"_ _1\"></span>er<span class=\"_ _1\"></span>iv<span class=\"_ _1\"></span>ati<span class=\"_ _1\"></span>ve<span class=\"_ _1\"></span>s and s<span class=\"_ _1\"></span>ho<span class=\"_ _1\"></span>r<span class=\"_ _1\"></span>t-term tim<span class=\"_ _1\"></span>in<span class=\"_ _1\"></span><span class=\"_ _383\">g diff</span><span class=\"_ _1\"></span>er<span class=\"_ _1\"></span>en<span class=\"_ _1\"></span>ce<span class=\"_ _1\"></span>s.<span class=\"_ _383\"> </span>2. <span class=\"_ _34\"> </span>In<span class=\"_ _1\"></span>cl<span class=\"_ _1\"></span>ud<span class=\"_ _1\"></span>es \u00a3<span class=\"_ _1\"></span>0.3<span class=\"_ _1\"></span>m in r<span class=\"_ _1\"></span>es<span class=\"_ _1\"></span>pe<span class=\"_ _1\"></span>c<span class=\"_ _1\"></span>t of pr<span class=\"_ _1\"></span>io<span class=\"_ _1\"></span>r ye<span class=\"_ _1\"></span>ar d<span class=\"_ _1\"></span>efe<span class=\"_ _1\"></span>rr<span class=\"_ _1\"></span>ed t<span class=\"_ _1\"></span>ax.<span class=\"_ _383\"> </span>In 2022, the pro<span class=\"_ _6\"></span>\ufb01t or loss credit for de<span class=\"_ _6\"></span>ferred tax includes a cr<span class=\"_ _6\"></span>edit of \u00a30<span class=\"_ _8\"></span>.2m from the corporation tax r<span class=\"_ _6\"></span>ate change (2<span class=\"_ _6\"></span>021: credit of \u00a30<span class=\"_ _8\"></span>.<span class=\"_ _8\"></span>4m). As at 31 December 2022, the Group had \u00a33<span class=\"_ _6\"></span>.5m (<span class=\"_ _6\"></span>2021: \u00a33<span class=\"_ _6\"></span>.5m) o<span class=\"_ _6\"></span>f losses for which a deferr<span class=\"_ _6\"></span>ed tax asset has not been recognised as the Gr<span class=\"_ _6\"></span>oup does <span class=\"_ _383\">not expect sufficient futur</span><span class=\"_ _6\"></span>e pro\ufb01t<span class=\"_ _6\"></span>s to be available to utilise the losses<span class=\"_ _6\"></span>. As at 31 December 2022 deferr<span class=\"_ _6\"></span>ed tax assets of \u00a32.<span class=\"_ _6\"></span>3m (2021: \u00a33<span class=\"_ _8\"></span>.0m) of are e<span class=\"_ _6\"></span>xpected to be utilised within 12 months and \u00a34<span class=\"_ _8\"></span>.0m (<span class=\"_ _6\"></span>2021: \u00a32.<span class=\"_ _6\"></span>6m) utilised after 12 months.<span class=\"_ _383\"> </span><div class=\"t m0 hc ff2 fs7 fc2 sc0 ls2 ws2 gs619\">29<span class=\"_ _8\"></span><span class=\"_ _383\">.\u2002P</span><span class=\"_ _1\"></span>rop<span class=\"_ _1\"></span>er<span class=\"_ _1\"></span>ty, pl<span class=\"_ _1\"></span>ant and e<span class=\"_ _1\"></span>quipm<span class=\"_ _1\"></span>ent<span class=\"_ _383\"> </span></div><div class=\"t m0 h3a ff2 fs5 fc3 sc0 lse ws2 gs61a\">Freehold land </div><div class=\"t m0 h3a ff2 fs5 fc3 sc0 lse ws2 gs61b\">and buildings<span class=\"_ _383\"> </span></div><div class=\"t m0 h3a ff2 fs5 fc3 sc0 lse ws71 gs61c\">\u00a3m<span class=\"_ _383\"> </span></div><div class=\"t m0 h3a ff2 fs5 fc3 sc0 lse ws71 gs61d\">Leasehold </div><div class=\"t m0 h3a ff2 fs5 fc3 sc0 lse ws71 gs61e\">improv<span class=\"_ _6\"></span>ements<span class=\"_ _383\"> </span></div><div class=\"t m0 h3a ff2 fs5 fc3 sc0 lse ws71 gs61f\">\u00a3m<span class=\"_ _383\"> </span></div><div class=\"t m0 h3a ff2 fs5 fc3 sc0 lse ws71 gs620\">Equipment </div><div class=\"t m0 h3a ff2 fs5 fc3 sc0 lse ws2 gs621\">and \ufb01xtures<span class=\"_ _383\"> </span></div><div class=\"t m0 h3a ff2 fs5 fc3 sc0 lse ws71 gs622\">\u00a3m<span class=\"_ _383\"> </span></div><div class=\"t m0 h3a ff2 fs5 fc3 sc0 lse ws2 gs623\">Right of use assets<span class=\"_ _383\"> </span></div><div class=\"t m0 h3a ff2 fs5 fc3 sc0 lsc2 wsc1 gs624\">To<span class=\"_ _1\"></span>t<span class=\"_ _2\"></span>a<span class=\"_ _1\"></span>l<span class=\"_ _383\"> </span></div><div class=\"t m0 h3a ff2 fs5 fc3 sc0 lse ws71 gs625\">\u00a3m<span class=\"_ _383\"> </span></div><div class=\"t m0 h3a ff2 fs5 fc3 sc0 lse ws71 gs626\">Property </div><div class=\"t m0 h3a ff2 fs5 fc3 sc0 lse ws71 gs627\">leases<span class=\"_ _383\"> </span></div><div class=\"t m0 h3a ff2 fs5 fc3 sc0 lse ws71 gs628\">\u00a3m<span class=\"_ _383\"> </span></div><div class=\"t m0 h3a ff2 fs5 fc3 sc0 lse ws2 gs629\">Other leases<span class=\"_ _383\"> </span></div><div class=\"t m0 h3a ff2 fs5 fc3 sc0 lse ws71 gs62a\">\u00a3m<span class=\"_ _383\"> </span></div><div class=\"t m0 hc ff2 fs7 fc3 sc0 lscc wscd gs62b\">Cost<span class=\"_ _383\"> </span></div><div class=\"t m0 hd ff1 fs7 fc3 sc0 ls11 ws2 gs62c\">At 1 January 2<span class=\"_ _6\"></span>021<span class=\"_ _f8\"> </span><span class=\"lsf8 wsfd\">19.<span class=\"_ _0\"></span>2<span class=\"_ _e5\"> </span></span><span class=\"ws6e\">3<span class=\"_ _1\"></span>.0<span class=\"_ _61\"> </span><span class=\"lscd wsce\">13.<span class=\"_ _1\"></span>8<span class=\"_ _1c2\"> </span><span class=\"lsed wsf2\">1<span class=\"_ _1\"></span>3<span class=\"_ _1\"></span>.1<span class=\"_ _ce\"> </span><span class=\"ls9f wsbc\">1.3<span class=\"_ _55\"> </span><span class=\"lsd7 wsd7\">5<span class=\"_ _1\"></span>0<span class=\"_ _1\"></span>.4<span class=\"_ _383\"> </span></span></span></span></span></span></div><div class=\"t m0 hd ff1 fs7 fc3 sc0 ls11 ws6e gs62d\">Additions</div><div class=\"t m0 h1f ff1 fsf fc3 sc0 ls2 ws2 gs62e\">1<span class=\"_ _383\"> </span></div><div class=\"t m0 hd ff1 fs7 fc3 sc0 ls2 ws2 gs62f\">\u2013 <span class=\"_ _3f\"> </span>\u2013 <span class=\"_ _1b4\"> </span><span class=\"ls7a wsa1\">2.6<span class=\"_ _53\"> </span><span class=\"ls9f wsbc\">0.<span class=\"_ _1\"></span>6<span class=\"_ _ca\"> </span><span class=\"lsed wsf2\">0.1<span class=\"_ _8b\"> </span><span class=\"ls2c ws29\">3.3<span class=\"_ _383\"> </span></span></span></span></span></div><div class=\"t m0 hd ff1 fs7 fc3 sc0 ls11 ws2 gs630\"><span class=\"_ _383\">Disposals and write-offs</span></div><div class=\"t m0 h1f ff1 fsf fc3 sc0 ls2 ws2 gs631\">2<span class=\"_ _383\"> </span></div><div class=\"t m0 hd ff1 fs7 fc3 sc0 lsc7 ws7f gs632\">(2.<span class=\"_ _1\"></span>8)<span class=\"_ _61\"> </span><span class=\"lsed wsf2\">(<span class=\"_ _1\"></span>0<span class=\"_ _1\"></span>.1<span class=\"_ _2\"></span>)<span class=\"_ _61\"> </span><span class=\"ls12 wsf\">(1.<span class=\"_ _1\"></span>3)<span class=\"_ _9d\"> </span><span class=\"lscc wscd\">(0.<span class=\"_ _1\"></span>5)<span class=\"_ _96\"> </span>(0.<span class=\"_ _1\"></span>2)<span class=\"_ _55\"> </span><span class=\"ls86 wsf1\">(<span class=\"_ _2\"></span>4.9<span class=\"_ _1\"></span>)<span class=\"_ _383\"> </span></span></span></span></span></div><div class=\"t m0 hd ff1 fs7 fc3 sc0 ls11 ws2 gs633\">Foreign ex<span class=\"_ _6\"></span><span class=\"_ _383\">change difference</span><span class=\"_ _1c0\"> </span><span class=\"lsed wsf2\">0<span class=\"_ _1\"></span>.1<span class=\"_ _1\"></span> <span class=\"_ _23f\"> </span><span class=\"ls2 ws1c\"> \u2013 <span class=\"_ _53\"> </span></span>0<span class=\"_ _1\"></span>.1<span class=\"_ _2\"></span> <span class=\"_ _3f\"> </span></span><span class=\"ls2\">\u2013 <span class=\"_ _20e\"> </span>\u2013 <span class=\"_ _37\"> </span><span class=\"ls9f wsbc\">0.<span class=\"_ _1\"></span>2<span class=\"_ _383\"> </span></span></span></div><div class=\"t m0 hd ff1 fs7 fc3 sc0 ls11 ws2 gs634\">At 31 December 2021<span class=\"_ _2a1\"> </span><span class=\"lscc wscd\">16.5<span class=\"_ _8b\"> </span><span class=\"ls86 wsf1\">2<span class=\"_ _2\"></span>.9<span class=\"_ _d0\"> </span><span class=\"ls9f wsbc\">15.<span class=\"_ _1\"></span>2<span class=\"_ _61\"> </span><span class=\"lscd wsce\">13<span class=\"_ _1\"></span>.2<span class=\"_ _ca\"> </span></span>1.2<span class=\"_ _254\"> </span><span class=\"lsf8 wsfd\">4<span class=\"_ _2\"></span>9.<span class=\"_ _2\"></span>0<span class=\"_ _383\"> </span></span></span></span></span></div><div class=\"t m0 hc ff2 fs7 fc3 sc0 ls11 ws6e gs635\">Additions</div><div class=\"t m0 h17 ff2 fsf fc3 sc0 ls2 ws2 gs636\">1<span class=\"_ _383\"> </span></div><div class=\"t m0 hc ff2 fs7 fc3 sc0 ls6f ws75 gs637\">3.5<span class=\"_ _5f\"> </span><span class=\"lsc3 wsc2\">0<span class=\"_ _1\"></span>.1<span class=\"_ _15e\"> </span><span class=\"lsc5 wsc4\">2<span class=\"_ _1\"></span>.9<span class=\"_ _15e\"> </span>0<span class=\"_ _1\"></span>.9<span class=\"_ _53\"> </span></span></span>3.5<span class=\"_ _254\"> </span><span class=\"lsc5 wsc4\">1<span class=\"_ _1\"></span>0<span class=\"_ _1\"></span>.9<span class=\"_ _383\"> </span></span></div><div class=\"t m0 hc ff2 fs7 fc3 sc0 ls11 ws2 gs638\"><span class=\"_ _383\">Disposals and write-offs<span class=\"_ _383\"> </span></span></div><div class=\"t m0 h17 ff2 fsf fc3 sc0 ls2 ws2 gs639\">2<span class=\"_ _383\"> </span></div><div class=\"t m0 hc ff2 fs7 fc3 sc0 ls2 ws2 gs63a\">\u2013 <span class=\"_ _20e\"> </span>\u2013 <span class=\"_ _4f\"> </span><span class=\"ls87 wsc6\">(1.7<span class=\"_ _2\"></span>)<span class=\"_ _5c\"> </span><span class=\"ls88 wse3\">(0.<span class=\"_ _1\"></span>3)<span class=\"_ _55\"> </span><span class=\"lsc3 wsc2\">(0<span class=\"_ _2\"></span>.1<span class=\"_ _1\"></span>)<span class=\"_ _55\"> </span>(<span class=\"_ _1\"></span>2<span class=\"_ _2\"></span>.1<span class=\"_ _1\"></span>)<span class=\"_ _383\"> </span></span></span></span></div><div class=\"t m0 hc ff2 fs7 fc3 sc0 ls11 ws2 gs63b\">Foreign ex<span class=\"_ _6\"></span><span class=\"_ _383\">change difference</span><span class=\"_ _2c8\"> </span><span class=\"ls2\">\u2013 <span class=\"_ _20e\"> </span>\u2013 <span class=\"_ _1c2\"> </span><span class=\"lsc3 wsc2\">0<span class=\"_ _1\"></span>.1<span class=\"_ _d9\"> </span></span>\u2013 <span class=\"_ _20e\"> </span>\u2013 <span class=\"_ _1c2\"> </span><span class=\"lsc3 wsc2\">0<span class=\"_ _1\"></span>.1<span class=\"_ _383\"> </span></span></span></div><div class=\"t m0 hc ff2 fs7 fc3 sc0 ls11 ws2 gs63c\">At 31 December 2022<span class=\"_ _100\"> </span><span class=\"ls7e ws16\">2<span class=\"_ _1\"></span>0.0<span class=\"_ _1c2\"> </span>3<span class=\"_ _1\"></span>.0<span class=\"_ _254\"> </span><span class=\"ls12 wsf\">16.5<span class=\"_ _254\"> </span><span class=\"ls14 ws11\">13.8<span class=\"_ _15c\"> </span></span></span></span><span class=\"ws6e\">4.6<span class=\"_ _254\"> </span><span class=\"lsc4 wsc3\">5<span class=\"_ _0\"></span>7.<span class=\"_ _2\"></span>9<span class=\"_ _383\"> </span></span></span></div><div class=\"t m0 hd ff2 fs7 fc3 sc0 ls11 ws6e gs63d\">Depreciation<span class=\"_ _df\"> </span><span class=\"ff1 ls2 ws2\"> <span class=\"_ _21a\"> </span> <span class=\"_ _11a\"> </span> <span class=\"_ _95\"> </span> <span class=\"_ _21a\"> </span> </span></div><div class=\"t m0 hd ff1 fs7 fc3 sc0 ls11 ws2 gs63e\">At 1 January 2<span class=\"_ _6\"></span>021<span class=\"_ _2c9\"> </span><span class=\"lsd7 wsd7\">1<span class=\"_ _1\"></span>.4<span class=\"_ _8b\"> </span><span class=\"ls86 wsf1\">0<span class=\"_ _1\"></span>.9<span class=\"_ _e5\"> </span></span></span><span class=\"ws6e\">6.0<span class=\"_ _e5\"> </span><span class=\"ls7a wsa1\">2.6<span class=\"_ _53\"> </span><span class=\"ls9f wsbc\">0.<span class=\"_ _1\"></span>3<span class=\"_ _63\"> </span><span class=\"lsc7 ws7f\">11<span class=\"_ _1\"></span>.<span class=\"_ _1\"></span>2<span class=\"_ _383\"> </span></span></span></span></span></div><div class=\"t m0 hd ff1 fs7 fc3 sc0 ls11 ws2 gs63f\">Charged in year</div><div class=\"t m0 h1f ff1 fsf fc3 sc0 ls2 ws2 gs640\">3<span class=\"_ _383\"> </span></div><div class=\"t m0 hd ff1 fs7 fc3 sc0 ls86 wsf1 gs641\">0<span class=\"_ _1\"></span>.9<span class=\"_ _15e\"> </span><span class=\"ls9f wsbc\">0.<span class=\"_ _1\"></span>2<span class=\"_ _8b\"> </span></span>2<span class=\"_ _2\"></span>.9<span class=\"_ _ca\"> </span><span class=\"ls9f wsbc\">1.5<span class=\"_ _ca\"> </span><span class=\"lsed wsf2\">0<span class=\"_ _1\"></span>.1<span class=\"_ _e5\"> </span><span class=\"ls7a wsa1\">5.6<span class=\"_ _383\"> </span></span></span></span></div><div class=\"t m0 hd ff1 fs7 fc3 sc0 ls11 ws2 gs642\"><span class=\"_ _383\">Disposals and write-offs</span></div><div class=\"t m0 h1f ff1 fsf fc3 sc0 ls2 ws2 gs643\">2<span class=\"_ _383\"> </span></div><div class=\"t m0 hd ff1 fs7 fc3 sc0 lscc wscd gs644\">(0.8)<span class=\"_ _61\"> </span><span class=\"lsed wsf2\">(<span class=\"_ _1\"></span>0<span class=\"_ _1\"></span>.1<span class=\"_ _1\"></span>)<span class=\"_ _d0\"> </span><span class=\"ls12 wsf\">(1.<span class=\"_ _1\"></span>3)<span class=\"_ _9d\"> </span></span></span>(0.5<span class=\"_ _1\"></span>)<span class=\"_ _96\"> </span>(0.2<span class=\"_ _1\"></span>)<span class=\"_ _55\"> </span><span class=\"ls86 wsf1\">(<span class=\"_ _1\"></span>2<span class=\"_ _2\"></span>.9)<span class=\"_ _383\"> </span></span></div><div class=\"t m0 hd ff1 fs7 fc3 sc0 ls11 ws2 gs645\">At 31 December 2021<span class=\"_ _2ca\"> </span><span class=\"ls9f wsbc\">1.5<span class=\"_ _52\"> </span></span><span class=\"ws6e\">1.0<span class=\"_ _90\"> </span><span class=\"lsc8 wsc8\">7.<span class=\"_ _0\"></span>6<span class=\"_ _90\"> </span><span class=\"ls7a wsa1\">3.6<span class=\"_ _15c\"> </span><span class=\"ls9f wsbc\">0.<span class=\"_ _1\"></span>2<span class=\"_ _1b4\"> </span><span class=\"ls86 wsf1\">1<span class=\"_ _1\"></span>3<span class=\"_ _2\"></span>.9<span class=\"_ _383\"> </span></span></span></span></span></span></div><div class=\"t m0 hc ff2 fs7 fc3 sc0 ls11 ws2 gs646\">Charged in year<span class=\"_ _c0\"> </span><span class=\"ws6e\">0.2<span class=\"_ _1c2\"> </span>0.2<span class=\"_ _15c\"> </span><span class=\"ls7e ws16\">3.0<span class=\"_ _5f\"> </span><span class=\"ls14 ws11\">1.6<span class=\"_ _1c2\"> </span></span></span>0.2<span class=\"_ _1c2\"> </span><span class=\"ls7d wse2\">5.<span class=\"_ _1\"></span>2<span class=\"_ _383\"> </span></span></span></div><div class=\"t m0 hc ff2 fs7 fc3 sc0 ls11 ws2 gs647\"><span class=\"_ _383\">Disposals and write-offs<span class=\"_ _383\"> </span></span></div><div class=\"t m0 h17 ff2 fsf fc3 sc0 ls2 ws2 gs648\">2<span class=\"_ _383\"> </span></div><div class=\"t m0 hc ff2 fs7 fc3 sc0 ls2 ws2 gs649\">\u2013 <span class=\"_ _20e\"> </span>\u2013 <span class=\"_ _4f\"> </span><span class=\"ls87 wsc6\">(1.7<span class=\"_ _2\"></span>)<span class=\"_ _5c\"> </span><span class=\"ls88 wse3\">(0.<span class=\"_ _1\"></span>3)<span class=\"_ _55\"> </span><span class=\"lsc3 wsc2\">(0<span class=\"_ _2\"></span>.1<span class=\"_ _1\"></span>)<span class=\"_ _55\"> </span>(<span class=\"_ _1\"></span>2<span class=\"_ _2\"></span>.1<span class=\"_ _1\"></span>)<span class=\"_ _383\"> </span></span></span></span></div><div class=\"t m0 hc ff2 fs7 fc3 sc0 ls11 ws2 gs64a\">At 31 December 2022<span class=\"_ _151\"> </span><span class=\"lscd wsce\">1.7<span class=\"_ _8b\"> </span><span class=\"ls14 ws11\">1.<span class=\"_ _1\"></span>2<span class=\"_ _53\"> </span><span class=\"lsc5 wsc4\">8<span class=\"_ _1\"></span>.9<span class=\"_ _e5\"> </span>4<span class=\"_ _1\"></span>.9<span class=\"_ _15c\"> </span></span></span></span><span class=\"ws6e\">0.3<span class=\"_ _61\"> </span><span class=\"lsc4 wsc3\">1<span class=\"_ _2\"></span>7.<span class=\"_ _0\"></span>0<span class=\"_ _383\"> </span></span></span></div><div class=\"t m0 hc ff2 fs7 fc3 sc0 ls11 ws2 gs64b\">Net book value<span class=\"_ _383\"> </span></div><div class=\"t m0 hc ff2 fs7 fc3 sc0 ls11 ws2 gs64c\">At 31 December 2022<span class=\"_ _cd\"> </span><span class=\"ls14 ws11\">18.3<span class=\"_ _8b\"> </span>1.8<span class=\"_ _8b\"> </span><span class=\"lsc4 wsc3\">7.<span class=\"_ _0\"></span>6<span class=\"_ _e5\"> </span><span class=\"lsc5 wsc4\">8<span class=\"_ _1\"></span>.9<span class=\"_ _53\"> </span></span></span></span><span class=\"ws6e\">4.<span class=\"_ _1\"></span>3<span class=\"_ _93\"> </span><span class=\"lsc5 wsc4\">4<span class=\"_ _2\"></span>0<span class=\"_ _1\"></span>.9<span class=\"_ _383\"> </span></span></span></div><div class=\"t m0 hd ff1 fs7 fc3 sc0 ls11 ws2 gs64d\">At 31 December 2021<span class=\"_ _24\"> </span><span class=\"ws6e\">15.0<span class=\"_ _23f\"> </span><span class=\"ls86 wsf1\">1.9<span class=\"_ _ca\"> </span><span class=\"lsc8 wsc8\">7.<span class=\"_ _0\"></span>6<span class=\"_ _52\"> </span><span class=\"lsf8 wsfd\">9.<span class=\"_ _2\"></span>6<span class=\"_ _ce\"> </span></span></span></span>1.0<span class=\"_ _d0\"> </span><span class=\"lsed wsf2\">3<span class=\"_ _2\"></span>5<span class=\"_ _1\"></span>.1<span class=\"_ _383\"> </span></span></span></div><div class=\"t m0 h8 ff1 fs5 fc3 sc0 ls2 ws2 gs64e\">1. <span class=\"_ _41\"> </span>Ad<span class=\"_ _1\"></span>dit<span class=\"_ _1\"></span>ion<span class=\"_ _1\"></span>s in<span class=\"_ _1\"></span>cl<span class=\"_ _1\"></span>ud<span class=\"_ _1\"></span>e pr<span class=\"_ _1\"></span>op<span class=\"_ _1\"></span>er<span class=\"_ _1\"></span>ty l<span class=\"_ _1\"></span>e<span class=\"_ _1\"></span>as<span class=\"_ _1\"></span>es m<span class=\"_ _1\"></span>od<span class=\"_ _1\"></span>i\ufb01<span class=\"_ _1\"></span>cat<span class=\"_ _1\"></span>io<span class=\"_ _1\"></span>ns of \u00a3<span class=\"_ _1\"></span>0.5<span class=\"_ _1\"></span>m (2021: \u00a3<span class=\"_ _1\"></span>0.4m) of right o<span class=\"_ _1\"></span>f us<span class=\"_ _1\"></span>e as<span class=\"_ _1\"></span>se<span class=\"_ _1\"></span>ts<span class=\"_ _1\"></span>.<span class=\"_ _383\"> </span></div><div class=\"t m0 h8 ff1 fs5 fc3 sc0 ls2 ws2 gs64f\">2. <span class=\"_ _34\"> </span> <span class=\"_ _7\"></span>In 2022<span class=\"_ _1\"></span>, the G<span class=\"_ _1\"></span>ro<span class=\"_ _1\"></span>up w<span class=\"_ _1\"></span>rot<span class=\"_ _1\"></span><span class=\"_ _383\">e off fu</span><span class=\"_ _1\"></span>lly d<span class=\"_ _1\"></span>ep<span class=\"_ _1\"></span>re<span class=\"_ _1\"></span>ci<span class=\"_ _1\"></span>ate<span class=\"_ _1\"></span>d a<span class=\"_ _1\"></span>ss<span class=\"_ _1\"></span>et<span class=\"_ _1\"></span>s of \u00a3<span class=\"_ _1\"></span>2.1m. Dur<span class=\"_ _1\"></span>in<span class=\"_ _1\"></span>g 2021 t<span class=\"_ _1\"></span>he G<span class=\"_ _1\"></span>ro<span class=\"_ _1\"></span>up di<span class=\"_ _1\"></span>sp<span class=\"_ _1\"></span>os<span class=\"_ _1\"></span>e<span class=\"_ _1\"></span>d of a pr<span class=\"_ _1\"></span>op<span class=\"_ _1\"></span>e<span class=\"_ _1\"></span>rt<span class=\"_ _1\"></span>y for p<span class=\"_ _1\"></span>ro<span class=\"_ _1\"></span>ce<span class=\"_ _1\"></span>e<span class=\"_ _1\"></span>ds o<span class=\"_ _1\"></span>f \u00a32.<span class=\"_ _1\"></span>0m an<span class=\"_ _1\"></span>d w<span class=\"_ _1\"></span>rote o<span class=\"_ _1\"></span><span class=\"_ _383\">ff ful</span><span class=\"_ _1\"></span>ly d<span class=\"_ _1\"></span>ep<span class=\"_ _1\"></span>re<span class=\"_ _1\"></span>ci<span class=\"_ _1\"></span>ate<span class=\"_ _1\"></span>d </div><div class=\"t m0 h8 ff1 fs5 fc3 sc0 ls2 ws2 gs650\">as<span class=\"_ _1\"></span>se<span class=\"_ _1\"></span>ts of \u00a3<span class=\"_ _1\"></span>2.9m.<span class=\"_ _383\"> </span></div><div class=\"t m0 h8 ff1 fs5 fc3 sc0 ls2 ws2 gs651\">3. <span class=\"_ _34\"> </span>202<span class=\"_ _1\"></span>1 in<span class=\"_ _1\"></span>cl<span class=\"_ _1\"></span>ud<span class=\"_ _1\"></span>es \u00a3<span class=\"_ _1\"></span>0.6<span class=\"_ _1\"></span>m of im<span class=\"_ _1\"></span>pa<span class=\"_ _1\"></span>irm<span class=\"_ _1\"></span>e<span class=\"_ _1\"></span>nt on p<span class=\"_ _1\"></span>ro<span class=\"_ _1\"></span>pe<span class=\"_ _1\"></span>r<span class=\"_ _1\"></span>ty so<span class=\"_ _1\"></span>l<span class=\"_ _1\"></span>d dur<span class=\"_ _1\"></span>ing t<span class=\"_ _1\"></span>he y<span class=\"_ _1\"></span>ea<span class=\"_ _1\"></span>r wh<span class=\"_ _1\"></span>ic<span class=\"_ _1\"></span>h is in<span class=\"_ _1\"></span>cl<span class=\"_ _1\"></span>ud<span class=\"_ _1\"></span>ed i<span class=\"_ _1\"></span>n not<span class=\"_ _1\"></span>e 12 Int<span class=\"_ _1\"></span>eg<span class=\"_ _1\"></span>rat<span class=\"_ _1\"></span>ion c<span class=\"_ _1\"></span>os<span class=\"_ _1\"></span>t<span class=\"_ _1\"></span>s.<span class=\"_ _383\"> </span></div><div class=\"t m3 hc ff2 fs7 fc2 sc0 ls2 ws2 gs653\"><span class=\"_ _383\">30.\u2002Intang</span><span class=\"_ _1\"></span>ible a<span class=\"_ _1\"></span>sse<span class=\"_ _1\"></span>ts<span class=\"_ _383\"> </span></div><div class=\"t m3 h3a ff2 fs5 fc3 sc0 lse ws71 gs654\">Development </div><div class=\"t m3 h3a ff2 fs5 fc3 sc0 ls62 ws187 gs655\">costs<span class=\"_ _383\"> </span></div><div class=\"t m3 h3a ff2 fs5 fc3 sc0 lse ws71 gs656\">\u00a3m<span class=\"_ _383\"> </span></div><div class=\"t m3 h3a ff2 fs5 fc3 sc0 lse ws71 gs657\">Computer </div><div class=\"t m3 h3a ff2 fs5 fc3 sc0 lse ws2 gs658\">software and </div><div class=\"t m3 h3a ff2 fs5 fc3 sc0 lse ws71 gs659\">licences<span class=\"_ _383\"> </span></div><div class=\"t m3 h3a ff2 fs5 fc3 sc0 lse ws71 gs65a\">\u00a3m<span class=\"_ _383\"> </span></div><div class=\"t m3 h3a ff2 fs5 fc3 sc0 ls16d ws18a gs65b\">Assets </div><div class=\"t m3 h3a ff2 fs5 fc3 sc0 lse ws2 gs65c\">arising on </div><div class=\"t m3 h3a ff2 fs5 fc3 sc0 lse ws71 gs65d\">Combination</div><div class=\"t m3 h3f ff2 fs1f fc3 sc0 ls2 ws2 gs65e\">2<span class=\"_ _383\"> </span></div><div class=\"t m3 h3a ff2 fs5 fc3 sc0 lse ws71 gs65f\">\u00a3m<span class=\"_ _383\"> </span></div><div class=\"t m3 h3a ff2 fs5 fc3 sc0 lsc2 wsc1 gs660\">To<span class=\"_ _1\"></span>t<span class=\"_ _2\"></span>a<span class=\"_ _1\"></span>l<span class=\"_ _383\"> </span></div><div class=\"t m3 h3a ff2 fs5 fc3 sc0 lse ws71 gs661\">\u00a3m<span class=\"_ _383\"> </span></div><div class=\"t m3 hc ff2 fs7 fc3 sc0 lscc wscd gs662\">Cost<span class=\"_ _383\"> </span></div><div class=\"t m3 hd ff1 fs7 fc3 sc0 ls11 ws2 gs663\">At 1 January 2<span class=\"_ _6\"></span>021<span class=\"_ _2cb\"> </span><span class=\"ls2\">2.3<span class=\"_ _37\"> </span><span class=\"lscc wscd\">16<span class=\"_ _1\"></span>.7<span class=\"_ _55\"> </span><span class=\"ls54 ws55\">23.6<span class=\"_ _55\"> </span><span class=\"ls7c wsd0\">42<span class=\"_ _1\"></span>.<span class=\"_ _1\"></span>6<span class=\"_ _383\"> </span></span></span></span></span></div><div class=\"t m3 hd ff1 fs7 fc3 sc0 ls11 ws6e gs664\">Additions<span class=\"_ _2cc\"> </span><span class=\"lsd7 wsd7\">1<span class=\"_ _1\"></span>.4<span class=\"_ _e5\"> </span><span class=\"ls2 ws2\">2.8<span class=\"_ _d9\"> </span>\u2013<span class=\"_ _53\"> </span><span class=\"ls88 wse3\">4.<span class=\"_ _1\"></span>2<span class=\"_ _383\"> </span></span></span></span></div><div class=\"t m3 hd ff1 fs7 fc3 sc0 ls11 ws2 gs665\"><span class=\"_ _383\">Disposals and write-offs</span></div><div class=\"t m3 h1f ff1 fsf fc3 sc0 ls2 ws2 gs666\">1<span class=\"_ _383\"> </span></div><div class=\"t m3 hd ff1 fs7 fc3 sc0 ls2 ws2 gs667\">\u2013<span class=\"_ _37\"> </span><span class=\"lscc wscd\">(3.<span class=\"_ _1\"></span>5<span class=\"_ _1\"></span>)<span class=\"_ _9d\"> </span>(0.<span class=\"_ _1\"></span>2<span class=\"_ _1\"></span>)<span class=\"_ _96\"> </span>(3<span class=\"_ _1\"></span>.7<span class=\"_ _2\"></span>)<span class=\"_ _383\"> </span></span></div><div class=\"t m3 hd ff1 fs7 fc3 sc0 ls11 ws2 gs668\">At 31 December 2021<span class=\"_ _2cd\"> </span><span class=\"lse3 wse7\">3.7<span class=\"_ _61\"> </span><span class=\"lscc wscd\">16.0<span class=\"_ _254\"> </span><span class=\"lsd7 wsd7\">2<span class=\"_ _2\"></span>3<span class=\"_ _1\"></span>.4<span class=\"_ _1b4\"> </span><span class=\"lsed wsf2\">4<span class=\"_ _1\"></span>3<span class=\"_ _2\"></span>.1<span class=\"_ _383\"> </span></span></span></span></span></div><div class=\"t m3 hc ff2 fs7 fc3 sc0 ls11 ws6e gs669\">Additions<span class=\"_ _258\"> </span><span class=\"lsc3 wsc2\">0<span class=\"_ _1\"></span>.1<span class=\"_ _52\"> </span><span class=\"lscd wsce\">1.7<span class=\"_ _1cc\"> </span><span class=\"ls2 ws2\">\u2013<span class=\"_ _8b\"> </span><span class=\"ls14 ws11\">1.8<span class=\"_ _383\"> </span></span></span></span></span></div><div class=\"t m3 hc ff2 fs7 fc3 sc0 ls11 ws2 gs66a\"><span class=\"_ _383\">Disposals and write-offs<span class=\"_ _383\"> </span></span></div><div class=\"t m3 h17 ff2 fsf fc3 sc0 ls2 ws2 gs66b\">1<span class=\"_ _383\"> </span></div><div class=\"t m3 hc ff2 fs7 fc3 sc0 ls2 ws2 gs66c\">\u2013<span class=\"_ _9c\"> </span><span class=\"ls88 wse3\">(3<span class=\"_ _1\"></span>.6)<span class=\"_ _254\"> </span><span class=\"lsc5 wsc4\">(<span class=\"_ _1\"></span>1<span class=\"_ _1\"></span>.9<span class=\"_ _1\"></span>)<span class=\"_ _2ab\"> </span><span class=\"ls6f ws75\">(5.5<span class=\"_ _1\"></span>)<span class=\"_ _383\"> </span></span></span></span></div><div class=\"t m3 hc ff2 fs7 fc3 sc0 ls11 ws2 gs66d\">At 31 December 2022<span class=\"_ _2ce\"> </span><span class=\"lsd3 ws86\">3.8<span class=\"_ _37\"> </span><span class=\"lsc3 wsc2\">1<span class=\"_ _1\"></span>4<span class=\"_ _1\"></span>.1<span class=\"_ _4f\"> </span><span class=\"ls6f ws75\">21.5<span class=\"_ _96\"> </span><span class=\"lsc6 wsc5\">3<span class=\"_ _1\"></span>9.<span class=\"_ _1\"></span>4<span class=\"_ _383\"> </span></span></span></span></span></div><div class=\"t m3 hc ff2 fs7 fc3 sc0 ls11 ws6e gs66e\">Amortisation<span class=\"_ _383\"> </span></div><div class=\"t m3 hd ff1 fs7 fc3 sc0 ls11 ws2 gs66f\">At 1 January 2<span class=\"_ _6\"></span>021<span class=\"_ _2b\"> </span><span class=\"lsed wsf2\">0.1<span class=\"_ _5e\"> </span><span class=\"lsf8 wsfd\">9.<span class=\"_ _1\"></span>1<span class=\"_ _37\"> </span><span class=\"ls12 wsf\">12<span class=\"_ _1\"></span>.8<span class=\"_ _55\"> </span></span></span></span><span class=\"ws6e\">22.0<span class=\"_ _383\"> </span></span></div><div class=\"t m3 hd ff1 fs7 fc3 sc0 ls11 ws2 gs670\">Charged in year<span class=\"_ _1db\"> </span><span class=\"ls9f wsbc\">0.5<span class=\"_ _53\"> </span><span class=\"ls2c ws29\">3.<span class=\"_ _1\"></span>2<span class=\"_ _15e\"> </span><span class=\"ls7a wsa1\">5.8<span class=\"_ _8b\"> </span><span class=\"lsf8 wsfd\">9.<span class=\"_ _2\"></span>5<span class=\"_ _383\"> </span></span></span></span></span></div><div class=\"t m3 hd ff1 fs7 fc3 sc0 ls11 ws2 gs671\">Impairment in the year<span class=\"_ _23c\"> </span><span class=\"ls2\">\u2013<span class=\"_ _d9\"> </span>\u2013<span class=\"_ _15c\"> </span><span class=\"lsed wsf2\">(3<span class=\"_ _2\"></span>.1<span class=\"_ _1\"></span>)<span class=\"_ _d0\"> </span>(<span class=\"_ _1\"></span>3<span class=\"_ _1\"></span>.1<span class=\"_ _2\"></span>)<span class=\"_ _383\"> </span></span></span></div><div class=\"t m3 hd ff1 fs7 fc3 sc0 ls11 ws2 gs672\"><span class=\"_ _383\">Disposals and write-offs</span></div><div class=\"t m3 h1f ff1 fsf fc3 sc0 ls2 ws2 gs673\">1<span class=\"_ _383\"> </span></div><div class=\"t m3 hd ff1 fs7 fc3 sc0 ls2 ws2 gs674\">\u2013<span class=\"_ _37\"> </span><span class=\"lscc wscd\">(3.<span class=\"_ _1\"></span>5<span class=\"_ _1\"></span>)<span class=\"_ _9d\"> </span>(0.<span class=\"_ _1\"></span>2<span class=\"_ _1\"></span>)<span class=\"_ _96\"> </span>(3<span class=\"_ _1\"></span>.7<span class=\"_ _2\"></span>)<span class=\"_ _383\"> </span></span></div><div class=\"t m3 hd ff1 fs7 fc3 sc0 ls11 ws2 gs675\">At 31 December 2021<span class=\"_ _23c\"> </span><span class=\"ls9f wsbc\">0.6<span class=\"_ _53\"> </span><span class=\"lsd3 ws86\">8.8<span class=\"_ _d0\"> </span></span>15.3<span class=\"_ _4f\"> </span><span class=\"ls88 wse3\">24.<span class=\"_ _1\"></span>7<span class=\"_ _383\"> </span></span></span></div><div class=\"t m3 hc ff2 fs7 fc3 sc0 ls11 ws2 gs676\">Charged in year<span class=\"_ _25d\"> </span><span class=\"ws6e\">0.7<span class=\"_ _1c2\"> </span><span class=\"ls2c ws29\">3.2<span class=\"_ _1c2\"> </span></span>4.<span class=\"_ _1\"></span>3<span class=\"_ _1c2\"> </span><span class=\"ls1f ws1c\">8.2<span class=\"_ _383\"> </span></span></span></div><div class=\"t m3 hc ff2 fs7 fc3 sc0 ls11 ws2 gs677\"><span class=\"_ _383\">Disposals and write-offs<span class=\"_ _383\"> </span></span></div><div class=\"t m3 h17 ff2 fsf fc3 sc0 ls2 ws2 gs678\">1<span class=\"_ _383\"> </span></div><div class=\"t m3 hc ff2 fs7 fc3 sc0 ls2 ws2 gs679\">\u2013<span class=\"_ _9c\"> </span><span class=\"ls88 wse3\">(3<span class=\"_ _1\"></span>.6)<span class=\"_ _254\"> </span><span class=\"lsc5 wsc4\">(<span class=\"_ _1\"></span>1<span class=\"_ _1\"></span>.9<span class=\"_ _1\"></span>)<span class=\"_ _2ab\"> </span><span class=\"ls6f ws75\">(5.5<span class=\"_ _1\"></span>)<span class=\"_ _383\"> </span></span></span></span></div><div class=\"t m3 hc ff2 fs7 fc3 sc0 ls11 ws2 gs67a\">At 31 December 2022<span class=\"_ _252\"> </span><span class=\"ls14 ws11\">1.3<span class=\"_ _15c\"> </span><span class=\"ls81 wsdf\">8<span class=\"_ _1\"></span>.4<span class=\"_ _1b4\"> </span><span class=\"lsc4 wsc3\">1<span class=\"_ _2\"></span>7.<span class=\"_ _0\"></span>7<span class=\"_ _4f\"> </span>2<span class=\"_ _0\"></span>7.<span class=\"_ _2\"></span>4<span class=\"_ _383\"> </span></span></span></span></div><div class=\"t m3 hc ff2 fs7 fc3 sc0 ls11 ws2 gs67b\">Net book value<span class=\"_ _2cf\"> </span><span class=\"ls2\"> <span class=\"_ _11a\"> </span> <span class=\"_ _11a\"> </span> <span class=\"_ _21a\"> </span> </span></div><div class=\"t m3 hc ff2 fs7 fc3 sc0 ls11 ws2 gs67c\">At 31 December 2022<span class=\"_ _2ce\"> </span><span class=\"ls6f ws75\">2.5<span class=\"_ _53\"> </span><span class=\"lscd wsce\">5.7<span class=\"_ _1c2\"> </span><span class=\"lsd3 ws86\">3.8<span class=\"_ _55\"> </span><span class=\"ls7e ws16\">12.0<span class=\"_ _383\"> </span></span></span></span></span></div><div class=\"t m3 hd ff1 fs7 fc3 sc0 ls11 ws2 gs67d\">At 31 December 2021<span class=\"_ _25b\"> </span><span class=\"lsed wsf2\">3<span class=\"_ _2\"></span>.1<span class=\"_ _52\"> </span><span class=\"lsc8 wsc8\">7.<span class=\"_ _0\"></span>2<span class=\"_ _5e\"> </span></span>8<span class=\"_ _1\"></span>.1<span class=\"_ _1b4\"> </span><span class=\"lsd7 wsd7\">1<span class=\"_ _1\"></span>8<span class=\"_ _1\"></span>.4<span class=\"_ _383\"> </span></span></span></div><div class=\"t m3 h8 ff1 fs5 fc3 sc0 ls2 ws2 gs67e\">1. <span class=\"_ _41\"> </span>Du<span class=\"_ _1\"></span>rin<span class=\"_ _1\"></span>g th<span class=\"_ _1\"></span>e ye<span class=\"_ _1\"></span>ar t<span class=\"_ _1\"></span>he G<span class=\"_ _1\"></span>rou<span class=\"_ _1\"></span>p wr<span class=\"_ _1\"></span><span class=\"_ _383\">ote off f</span><span class=\"_ _1\"></span>ul<span class=\"_ _1\"></span>ly am<span class=\"_ _1\"></span>or<span class=\"_ _1\"></span>ti<span class=\"_ _1\"></span>se<span class=\"_ _1\"></span>d a<span class=\"_ _1\"></span>ss<span class=\"_ _1\"></span>et<span class=\"_ _1\"></span>s.<span class=\"_ _383\"> </span></div><div class=\"t m3 h8 ff1 fs5 fc3 sc0 ls2 ws2 gs67f\">2. <span class=\"_ _34\"> </span> <span class=\"_ _7\"></span>Ass<span class=\"_ _1\"></span>et<span class=\"_ _1\"></span>s ar<span class=\"_ _1\"></span>isi<span class=\"_ _1\"></span>ng o<span class=\"_ _1\"></span>n Co<span class=\"_ _1\"></span>mb<span class=\"_ _1\"></span>in<span class=\"_ _1\"></span>atio<span class=\"_ _1\"></span>n c<span class=\"_ _1\"></span>omp<span class=\"_ _1\"></span>ri<span class=\"_ _1\"></span>se b<span class=\"_ _1\"></span>ro<span class=\"_ _1\"></span>ker re<span class=\"_ _1\"></span>la<span class=\"_ _1\"></span>tio<span class=\"_ _1\"></span>ns<span class=\"_ _1\"></span>hi<span class=\"_ _1\"></span>ps of \u00a3<span class=\"_ _1\"></span>2.0<span class=\"_ _1\"></span>m (2021: \u00a3<span class=\"_ _1\"></span>5.0<span class=\"_ _1\"></span>m), tech<span class=\"_ _1\"></span>no<span class=\"_ _1\"></span>lo<span class=\"_ _1\"></span>gy o<span class=\"_ _1\"></span>f \u00a30.4m (2021: \u00a3<span class=\"_ _1\"></span>1.9m), brand n<span class=\"_ _1\"></span>am<span class=\"_ _1\"></span>e of \u00a3<span class=\"_ _1\"></span>0.3<span class=\"_ _1\"></span>m (2021: \u00a3<span class=\"_ _1\"></span>0.8<span class=\"_ _1\"></span>m) and </div><div class=\"t m3 h8 ff1 fs5 fc3 sc0 ls2 ws2 gs680\">ba<span class=\"_ _1\"></span>nki<span class=\"_ _1\"></span>ng li<span class=\"_ _1\"></span>ce<span class=\"_ _1\"></span>nc<span class=\"_ _1\"></span>e of n<span class=\"_ _1\"></span>il (202<span class=\"_ _1\"></span>1: \u00a30.4m). The c<span class=\"_ _1\"></span>arr<span class=\"_ _1\"></span>yin<span class=\"_ _1\"></span>g val<span class=\"_ _1\"></span>ue o<span class=\"_ _1\"></span>f the i<span class=\"_ _1\"></span>nta<span class=\"_ _1\"></span>ngi<span class=\"_ _1\"></span>bl<span class=\"_ _1\"></span>e as<span class=\"_ _1\"></span>se<span class=\"_ _1\"></span>ts a<span class=\"_ _1\"></span>re r<span class=\"_ _1\"></span>evi<span class=\"_ _1\"></span>ew<span class=\"_ _1\"></span>ed e<span class=\"_ _1\"></span>ac<span class=\"_ _1\"></span>h re<span class=\"_ _1\"></span>p<span class=\"_ _1\"></span>or<span class=\"_ _1\"></span>ti<span class=\"_ _1\"></span>ng p<span class=\"_ _1\"></span>er<span class=\"_ _1\"></span>io<span class=\"_ _1\"></span>d, no i<span class=\"_ _1\"></span>mp<span class=\"_ _1\"></span>ai<span class=\"_ _1\"></span>rme<span class=\"_ _1\"></span>nt r<span class=\"_ _1\"></span>eve<span class=\"_ _1\"></span>rs<span class=\"_ _1\"></span>al (202<span class=\"_ _1\"></span>1: \u00a33<span class=\"_ _1\"></span>.1m impa<span class=\"_ _1\"></span>irm<span class=\"_ _1\"></span>e<span class=\"_ _1\"></span>nt </div><div class=\"t m3 h8 ff1 fs5 fc3 sc0 ls2 ws2 gs681\">reve<span class=\"_ _1\"></span>r<span class=\"_ _1\"></span>sal<span class=\"_ _1\"></span>) wa<span class=\"_ _1\"></span>s re<span class=\"_ _1\"></span>c<span class=\"_ _1\"></span>og<span class=\"_ _1\"></span>nis<span class=\"_ _1\"></span>e<span class=\"_ _1\"></span>d in re<span class=\"_ _1\"></span>la<span class=\"_ _1\"></span>tio<span class=\"_ _1\"></span>n to b<span class=\"_ _1\"></span>roke<span class=\"_ _1\"></span>r re<span class=\"_ _1\"></span>la<span class=\"_ _1\"></span>tio<span class=\"_ _1\"></span>ns<span class=\"_ _1\"></span>hip<span class=\"_ _1\"></span>s du<span class=\"_ _1\"></span>e to l<span class=\"_ _1\"></span>es<span class=\"_ _1\"></span>s se<span class=\"_ _1\"></span>ver<span class=\"_ _1\"></span>e im<span class=\"_ _1\"></span>pa<span class=\"_ _1\"></span>ct<span class=\"_ _1\"></span>s of th<span class=\"_ _1\"></span>e COV<span class=\"_ _1\"></span>ID<span class=\"_ _1\"></span>-19 pan<span class=\"_ _1\"></span>de<span class=\"_ _1\"></span>mi<span class=\"_ _1\"></span>c th<span class=\"_ _1\"></span>an or<span class=\"_ _1\"></span>igi<span class=\"_ _1\"></span>na<span class=\"_ _1\"></span>lly e<span class=\"_ _1\"></span>s<span class=\"_ _1\"></span>tim<span class=\"_ _1\"></span>ate<span class=\"_ _1\"></span>d.<span class=\"_ _383\"> </span></div><div class=\"t m3 hd ff1 fs7 fc3 sc0 ls11 ws2 gs682\">The Director<span class=\"_ _6\"></span>s have considered the carrying v<span class=\"_ _6\"></span>alue of intangible asset<span class=\"_ _6\"></span>s and determined that there ar<span class=\"_ _6\"></span>e no indications of impairment at the year end.<span class=\"_ _383\"> </span></div><div class=\"t m3 hc ff2 fs7 fc2 sc0 ls2 ws2 gs683\"><span class=\"_ _383\">31.\u2002Amount</span><span class=\"_ _1\"></span>s owed to c<span class=\"_ _1\"></span>re<span class=\"_ _1\"></span>dit ins<span class=\"_ _1\"></span>titutio<span class=\"_ _1\"></span>ns<span class=\"_ _383\"> </span></div><div class=\"t m3 h3a ff2 fs5 fc3 sc0 lse ws71 gs684\">2022<span class=\"_ _383\"> </span></div><div class=\"t m3 h3a ff2 fs5 fc3 sc0 lse ws71 gs685\">\u00a3m<span class=\"_ _383\"> </span></div><div class=\"t m3 h8 ff1 fs5 fc3 sc0 lse ws71 gs686\">2021<span class=\"_ _383\"> </span></div><div class=\"t m3 h8 ff1 fs5 fc3 sc0 lse ws71 gs687\">\u00a3m<span class=\"_ _383\"> </span></div><div class=\"t m3 hd ff1 fs7 fc3 sc0 ls11 ws2 gs688\">BoE TFSME<span class=\"_ _2d0\"> </span><span class=\"ff2 ls7e ws16\">4,<span class=\"_ _1\"></span>232<span class=\"_ _1\"></span>.0<span class=\"_ _8e\"> </span></span><span class=\"lsed wsf2\">4<span class=\"_ _1\"></span>,<span class=\"_ _2\"></span>2<span class=\"_ _1\"></span>0<span class=\"_ _1\"></span>3<span class=\"_ _2\"></span>.1<span class=\"_ _383\"> </span></span></div><div class=\"t m3 hd ff1 fs7 fc3 sc0 ls11 ws2 gs689\">BoE IL<span class=\"_ _8\"></span>TR<span class=\"_ _2d1\"> </span><span class=\"ff2 lsc5 wsc4\">3<span class=\"_ _1\"></span>0<span class=\"_ _2\"></span>0<span class=\"_ _1\"></span>.9<span class=\"_ _d9\"> </span></span><span class=\"ls2\">\u2013 </span></div><div class=\"t m3 hd ff1 fs7 fc3 sc0 ls11 ws2 gs68a\">Cash collateral and mar<span class=\"_ _6\"></span>gin received<span class=\"_ _68\"> </span><span class=\"ff2 lsc6 wsc5\">5<span class=\"_ _1\"></span>4<span class=\"_ _2\"></span>9.<span class=\"_ _2\"></span>7<span class=\"_ _9d\"> </span></span><span class=\"lsd7 wsd7\">1<span class=\"_ _1\"></span>1<span class=\"_ _1\"></span>5<span class=\"_ _1\"></span>.4<span class=\"_ _383\"> </span></span></div><div class=\"t m3 hd ff1 fs7 fc3 sc0 ls11 ws2 gs68b\">Commercial repo<span class=\"_ _26b\"> </span><span class=\"ff2 ws6e\">10.2<span class=\"_ _53\"> </span></span><span class=\"ls9f wsbc\">0.5<span class=\"_ _383\"> </span></span></div><div class=\"t m3 hd ff1 fs7 fc3 sc0 ls11 ws2 gs68c\">Loans fr<span class=\"_ _6\"></span>om credit ins<span class=\"_ _6\"></span>titutions<span class=\"_ _2b9\"> </span><span class=\"ff2 lsc3 wsc2\">0<span class=\"_ _2\"></span>.1<span class=\"_ _15e\"> </span></span><span class=\"ls9f wsbc\">0.<span class=\"_ _1\"></span>6<span class=\"_ _383\"> </span></span></div><div class=\"t m3 hd ff2 fs7 fc3 sc0 ls2c ws29 gs68d\">4,543.2<span class=\"_ _6e\"> </span><span class=\"ff1 ls88 wse3\">4,2<span class=\"_ _1\"></span>0<span class=\"_ _1\"></span>4.<span class=\"_ _1\"></span>2<span class=\"_ _383\"> </span></span></div><div class=\"t m3 hd ff1 fs7 fc3 sc0 ls11 ws2 gs68e\">Cash collateral and mar<span class=\"_ _6\"></span>gin received<span class=\"_ _68\"> </span><span class=\"ff2 lsc6 wsc5\">5<span class=\"_ _1\"></span>4<span class=\"_ _2\"></span>9.<span class=\"_ _2\"></span>7<span class=\"_ _9d\"> </span></span><span class=\"lsd7 wsd7\">1<span class=\"_ _1\"></span>1<span class=\"_ _1\"></span>5<span class=\"_ _1\"></span>.4</span></div><div class=\"t m3 hd ff1 fs7 fc3 sc0 ls2 ws2 gs68f\"> <span class=\"_ _282\"> </span><span class=\"ff2 lsc5 wsc4\">5,<span class=\"_ _1\"></span>0<span class=\"_ _2\"></span>9<span class=\"_ _1\"></span>2<span class=\"_ _1\"></span>.9<span class=\"_ _7f\"> </span></span><span class=\"lsf8 wsfd\">4<span class=\"_ _1\"></span>,<span class=\"_ _2\"></span>3<span class=\"_ _2\"></span>1<span class=\"_ _2\"></span>9.<span class=\"_ _2\"></span>6<span class=\"_ _383\"> </span></span></div><div class=\"t m3 hc ff2 fs7 fc2 sc0 ls2 ws2 gs690\"><span class=\"_ _383\">32.\u2002Am</span><span class=\"_ _1\"></span>ount<span class=\"_ _1\"></span>s owed to re<span class=\"_ _1\"></span>tail d<span class=\"_ _1\"></span>epo<span class=\"_ _1\"></span>sito<span class=\"_ _1\"></span>rs<span class=\"_ _383\"> </span></div><div class=\"t m3 h8 ff2 fs5 fc3 sc0 lse ws71 gs691\">2022<span class=\"_ _290\"> </span><span class=\"ff1\">2021<span class=\"_ _383\"> </span></span></div><div class=\"t m3 h3a ff2 fs5 fc3 sc0 ls125 ws135 gs692\">OSB<span class=\"_ _383\"> </span></div><div class=\"t m3 h3a ff2 fs5 fc3 sc0 lse ws71 gs693\">\u00a3m<span class=\"_ _383\"> </span></div><div class=\"t m3 h3a ff2 fs5 fc3 sc0 ls62 ws187 gs694\">CCFS<span class=\"_ _383\"> </span></div><div class=\"t m3 h3a ff2 fs5 fc3 sc0 lse ws71 gs695\">\u00a3m<span class=\"_ _383\"> </span></div><div class=\"t m3 h3a ff2 fs5 fc3 sc0 lsc2 wsc1 gs696\">To<span class=\"_ _1\"></span>t<span class=\"_ _2\"></span>a<span class=\"_ _1\"></span>l<span class=\"_ _383\"> </span></div><div class=\"t m3 h3a ff2 fs5 fc3 sc0 lse ws71 gs697\">\u00a3m<span class=\"_ _383\"> </span></div><div class=\"t m3 h8 ff1 fs5 fc3 sc0 ls69 ws70 gs698\">OSB<span class=\"_ _383\"> </span></div><div class=\"t m3 h8 ff1 fs5 fc3 sc0 lse ws71 gs699\">\u00a3m<span class=\"_ _383\"> </span></div><div class=\"t m3 h8 ff1 fs5 fc3 sc0 lse ws71 gs69a\">CCFS<span class=\"_ _383\"> </span></div><div class=\"t m3 h8 ff1 fs5 fc3 sc0 lse ws71 gs69b\">\u00a3m<span class=\"_ _383\"> </span></div><div class=\"t m3 h8 ff1 fs5 fc3 sc0 lse1 wse5 gs69c\">To<span class=\"_ _1\"></span>t<span class=\"_ _2\"></span>a<span class=\"_ _1\"></span>l<span class=\"_ _383\"> </span></div><div class=\"t m3 h8 ff1 fs5 fc3 sc0 lse ws71 gs69d\">\u00a3m<span class=\"_ _383\"> </span></div><div class=\"t m3 hd ff1 fs7 fc3 sc0 ls11 ws2 gs69e\">Fixed r<span class=\"_ _6\"></span>ate deposits<span class=\"_ _2d2\"> </span><span class=\"ff2 lsf9 ws82\">8,085.<span class=\"_ _8\"></span>9<span class=\"_ _66\"> </span><span class=\"lsc6 wsc5\">5<span class=\"_ _1\"></span>,<span class=\"_ _2\"></span>8<span class=\"_ _2\"></span>9<span class=\"_ _2\"></span>9.<span class=\"_ _2\"></span>6<span class=\"_ _fd\"> </span></span>13,<span class=\"_ _8\"></span>985.5<span class=\"_ _a1\"> </span><span class=\"ff1 lse3 wse7\">6,221.7<span class=\"_ _40\"> </span><span class=\"ls88 wse3\">4,70<span class=\"_ _1\"></span>3<span class=\"_ _1\"></span>.4<span class=\"_ _d\"> </span><span class=\"ls14 ws11\">10,<span class=\"_ _8\"></span>925<span class=\"_ _1\"></span>.<span class=\"_ _6\"></span>1<span class=\"_ _383\"> </span></span></span></span></span></div><div class=\"t m3 hd ff1 fs7 fc3 sc0 ls11 ws2 gs2ab\">V<span class=\"_ _8\"></span>ariable rate deposits<span class=\"_ _2d3\"> </span><span class=\"ff2 ls7e ws16\">3,0<span class=\"_ _1\"></span>46.<span class=\"_ _1\"></span>3<span class=\"_ _6c\"> </span><span class=\"ls33 ws30\">2<span class=\"_ _1\"></span>,<span class=\"_ _1\"></span>72<span class=\"_ _1\"></span>4.<span class=\"_ _1\"></span>0<span class=\"_ _66\"> </span><span class=\"lse5 wsea\">5<span class=\"_ _1\"></span>,<span class=\"_ _1\"></span>7<span class=\"_ _1\"></span>70<span class=\"_ _1\"></span>.<span class=\"_ _1\"></span>3<span class=\"_ _122\"> </span></span></span></span><span class=\"lse3 wse7\">3,517<span class=\"_ _9\"></span>.7<span class=\"_ _6e\"> </span><span class=\"lsc9 wsc9\">3<span class=\"_ _1\"></span>,0<span class=\"_ _1\"></span>83<span class=\"_ _1\"></span>.6<span class=\"_ _8e\"> </span><span class=\"lsff ws91\">6,601.3</span></span></span></div><div class=\"t m3 hd ff1 fs7 fc3 sc0 ls2 ws2 gs69f\"> <span class=\"_ _10c\"> </span><span class=\"ff2 lsd7 wsd7\">11<span class=\"_ _2\"></span>,1<span class=\"_ _1\"></span>3<span class=\"_ _1\"></span>2<span class=\"_ _2\"></span>.<span class=\"_ _2\"></span>2<span class=\"_ _6c\"> </span><span class=\"ls12 wsf\">8<span class=\"_ _1\"></span>,62<span class=\"_ _1\"></span>3.<span class=\"_ _1\"></span>6<span class=\"_ _fd\"> </span><span class=\"lsd3 ws86\">19<span class=\"_ _8\"></span>,755.8<span class=\"_ _76\"> </span><span class=\"ff1 lsf8 wsfd\">9,<span class=\"_ _2\"></span>7<span class=\"_ _2\"></span>3<span class=\"_ _2\"></span>9.4<span class=\"_ _7d\"> </span><span class=\"lsc8 wsc8\">7,<span class=\"_ _0\"></span>7<span class=\"_ _0\"></span>8<span class=\"_ _0\"></span>7.<span class=\"_ _2\"></span>0<span class=\"_ _121\"> </span>1<span class=\"_ _2\"></span>7,<span class=\"_ _0\"></span>5<span class=\"_ _0\"></span>2<span class=\"_ _2\"></span>6<span class=\"_ _0\"> </span>.<span class=\"_ _2\"></span>4<span class=\"_ _383\"> </span></span></span></span></span></span></div><div class=\"t m0 hc ff2 fs7 fc2 sc0 ls2 ws2 gs6a1\"><span class=\"_ _383\">33.\u2002Am</span><span class=\"_ _1\"></span>ount<span class=\"_ _1\"></span>s owed to ot<span class=\"_ _1\"></span>he<span class=\"_ _1\"></span>r cust<span class=\"_ _1\"></span>ome<span class=\"_ _1\"></span>rs<span class=\"_ _383\"> </span></div><div class=\"t m0 h3a ff2 fs5 fc3 sc0 lse ws71 gs6a2\">2022<span class=\"_ _383\"> </span></div><div class=\"t m0 h3a ff2 fs5 fc3 sc0 lse ws71 gs6a3\">\u00a3m<span class=\"_ _383\"> </span></div><div class=\"t m0 h8 ff1 fs5 fc3 sc0 lse ws71 gs6a4\">2021<span class=\"_ _383\"> </span></div><div class=\"t m0 h8 ff1 fs5 fc3 sc0 lse ws71 gs6a5\">\u00a3m<span class=\"_ _383\"> </span></div><div class=\"t m0 hd ff1 fs7 fc3 sc0 ls11 ws2 gs6a6\">Fixed r<span class=\"_ _6\"></span>ate deposits<span class=\"_ _281\"> </span><span class=\"ff2 lsc5 wsc4\">1<span class=\"_ _2\"></span>0<span class=\"_ _1\"></span>0<span class=\"_ _1\"></span>.9<span class=\"_ _55\"> </span></span><span class=\"ls9f wsbc\">50.3<span class=\"_ _383\"> </span></span></div><div class=\"t m0 hd ff1 fs7 fc3 sc0 ls11 ws2 gs6a7\">V<span class=\"_ _8\"></span>ariable rate deposits<span class=\"_ _2d4\"> </span><span class=\"ff2 ls7e ws16\">12.<span class=\"_ _1\"></span>2<span class=\"_ _55\"> </span></span><span class=\"ls7c wsd0\">42<span class=\"_ _1\"></span>.<span class=\"_ _1\"></span>3</span></div><div class=\"t m0 hd ff1 fs7 fc3 sc0 ls2 ws2 gs6a8\"> <span class=\"_ _2d5\"> </span><span class=\"ff2 lsc3 wsc2\">11<span class=\"_ _2\"></span>3<span class=\"_ _1\"></span>.1<span class=\"_ _254\"> </span></span><span class=\"ls14 ws11\">92.<span class=\"_ _1\"></span>6<span class=\"_ _383\"> </span></span></div><div class=\"t m0 hc ff2 fs7 fc2 sc0 ls2 ws2 gs6a9\"><span class=\"_ _383\">34.\u2002De</span><span class=\"_ _1\"></span>bt se<span class=\"_ _1\"></span>curiti<span class=\"_ _1\"></span>es in is<span class=\"_ _1\"></span>sue </div><div class=\"t m0 h3a ff2 fs5 fc3 sc0 lse ws71 gs6aa\">2022<span class=\"_ _383\"> </span></div><div class=\"t m0 h3a ff2 fs5 fc3 sc0 lse ws71 gs6ab\">\u00a3m<span class=\"_ _383\"> </span></div><div class=\"t m0 h8 ff1 fs5 fc3 sc0 lse ws71 gs6ac\">2021<span class=\"_ _383\"> </span></div><div class=\"t m0 h8 ff1 fs5 fc3 sc0 lse ws71 gs6ad\">\u00a3m<span class=\"_ _383\"> </span></div><div class=\"t m0 hd ff1 fs7 fc3 sc0 ls11 ws2 gs6ae\">Asset-back<span class=\"_ _8\"></span>ed loan notes at amortised c<span class=\"_ _1\"></span>ost<span class=\"_ _208\"> </span><span class=\"ff2 lsc5 wsc4\">26<span class=\"_ _2\"></span>5<span class=\"_ _1\"></span>.9<span class=\"_ _a9\"> </span></span><span class=\"ls9f wsbc\">4<span class=\"_ _1\"></span>60.<span class=\"_ _1\"></span>3<span class=\"_ _383\"> </span></span></div><div class=\"t m0 hd ff1 fs7 fc3 sc0 ls11 ws2 gs6af\">Amount due for settlemen<span class=\"_ _6\"></span>t after 12 months<span class=\"_ _208\"> </span><span class=\"ff2 lsc5 wsc4\">26<span class=\"_ _1\"></span>5<span class=\"_ _1\"></span>.9<span class=\"_ _5a\"> </span></span><span class=\"ls9f wsbc\">46<span class=\"_ _1\"></span>0.3</span></div><div class=\"t m0 hd ff1 fs7 fc3 sc0 ls2 ws2 gs6b0\"> <span class=\"_ _22d\"> </span><span class=\"ff2 lsc5 wsc4\">26<span class=\"_ _1\"></span>5<span class=\"_ _1\"></span>.9<span class=\"_ _5a\"> </span></span><span class=\"ls9f wsbc\">46<span class=\"_ _1\"></span>0.3<span class=\"_ _383\"> </span></span></div><div class=\"t m0 hd ff1 fs7 fc3 sc0 ls11 ws2 gs6b1\">The asset-back<span class=\"_ _8\"></span>ed loan notes are secured on \ufb01xe<span class=\"_ _6\"></span>d and variable rate mortgages and are r<span class=\"_ _6\"></span>edeemable in part from time to time, but such </div><div class=\"t m0 hd ff1 fs7 fc3 sc0 ls11 ws2 gs6b2\">redemptions ar<span class=\"_ _6\"></span>e mainly from the net principal receiv<span class=\"_ _6\"></span>ed from borro<span class=\"_ _8\"></span>wers in respect of underlying mortgage assets<span class=\"_ _8\"></span>. The maturity date of the funds </div><div class=\"t m0 hd ff1 fs7 fc3 sc0 ls11 ws2 gs6b3\">matches the contr<span class=\"_ _6\"></span>actual maturity date of the underlying mortgage assets<span class=\"_ _6\"></span>. The Group expects that a lar<span class=\"_ _8\"></span>ge propor<span class=\"_ _1\"></span>tion of the underlying mortgage </div><div class=\"t m0 hd ff1 fs7 fc3 sc0 ls11 ws2 gs6b4\">assets<span class=\"_ _6\"></span>, and therefor<span class=\"_ _6\"></span>e these notes<span class=\"_ _6\"></span>, will be repaid within \ufb01ve ye<span class=\"_ _6\"></span>ars.<span class=\"_ _383\"> </span></div><div class=\"t m0 hd ff1 fs7 fc3 sc0 ls11 ws2 gs6b5\">Where the Group o<span class=\"_ _8\"></span>wns the call rights for a transaction, it may r<span class=\"_ _6\"></span>epurchase the asset-back<span class=\"_ _8\"></span>ed loan notes on any inter<span class=\"_ _6\"></span>est payment dat<span class=\"_ _6\"></span>e on or </div><div class=\"t m0 hd ff1 fs7 fc3 sc0 ls11 ws2 gs6b6\">after the call dates, or on any in<span class=\"_ _6\"></span>teres<span class=\"_ _6\"></span>t payment date when the curren<span class=\"_ _6\"></span>t balance of the mortgages outstanding is less than or equal to 10% o<span class=\"_ _6\"></span>f the </div><div class=\"t m0 hd ff1 fs7 fc3 sc0 ls11 ws2 gs6b7\">principal amount outs<span class=\"_ _6\"></span>tanding on the loan notes on the date they w<span class=\"_ _6\"></span>ere issued.<span class=\"_ _383\"> </span></div><div class=\"t m0 hd ff1 fs7 fc3 sc0 ls11 ws2 gs6b8\">Inter<span class=\"_ _6\"></span>est is payable at \ufb01xed mar<span class=\"_ _8\"></span>gins above SONIA.<span class=\"_ _383\"> </span></div><div class=\"t m0 hd ff1 fs7 fc3 sc0 ls11 ws2 gs6b9\">As at 31 December 2022, notes w<span class=\"_ _6\"></span>ere issued through the f<span class=\"_ _6\"></span>ollowing funding v<span class=\"_ _6\"></span>ehicles:<span class=\"_ _383\"> </span></div><div class=\"t m0 h3a ff2 fs5 fc3 sc0 lse ws71 gs6ba\">2022<span class=\"_ _383\"> </span></div><div class=\"t m0 h3a ff2 fs5 fc3 sc0 lse ws71 gs6bb\">\u00a3m<span class=\"_ _383\"> </span></div><div class=\"t m0 h8 ff1 fs5 fc3 sc0 lse ws71 gs6bc\">2021<span class=\"_ _383\"> </span></div><div class=\"t m0 h8 ff1 fs5 fc3 sc0 lse ws71 gs6bd\">\u00a3m<span class=\"_ _383\"> </span></div><div class=\"t m0 hd ff1 fs7 fc3 sc0 ls11 ws2 gs6be\">CMF 2020-<span class=\"_ _8\"></span>1 plc<span class=\"_ _220\"> </span><span class=\"ff2 lse0 wse0\">141<span class=\"_ _1\"></span>.<span class=\"_ _1\"></span>8<span class=\"_ _5c\"> </span></span><span class=\"lsf8 wsfd\">1<span class=\"_ _1\"></span>9<span class=\"_ _2\"></span>9.<span class=\"_ _2\"></span>8<span class=\"_ _383\"> </span></span></div><div class=\"t m0 hd ff1 fs7 fc3 sc0 ls11 ws2 gs6bf\">Canterbury Finance No<span class=\"_ _6\"></span>.3 plc<span class=\"_ _1d1\"> </span><span class=\"ff2 ls7e ws16\">21.0<span class=\"_ _61\"> </span></span><span class=\"lsd5 wsd5\">76<span class=\"_ _2\"></span>.9<span class=\"_ _383\"> </span></span></div><div class=\"t m0 hd ff1 fs7 fc3 sc0 ls11 ws2 gs6c0\">Canterbury Finance No<span class=\"_ _6\"></span>.<span class=\"_ _8\"></span>4 plc<span class=\"_ _1ea\"> </span><span class=\"ff2 lsc3 wsc2\">1<span class=\"_ _1\"></span>0<span class=\"_ _2\"></span>3<span class=\"_ _1\"></span>.1<span class=\"_ _3b\"> </span></span><span class=\"ls14 ws11\">18<span class=\"_ _1\"></span>3.6</span></div><div class=\"t m0 hd ff1 fs7 fc3 sc0 ls2 ws2 gs6c1\"> <span class=\"_ _22d\"> </span><span class=\"ff2 lsc5 wsc4\">26<span class=\"_ _1\"></span>5<span class=\"_ _1\"></span>.9<span class=\"_ _5a\"> </span></span><span class=\"ls9f wsbc\">46<span class=\"_ _1\"></span>0.3<span class=\"_ _383\"> </span></span></div><div class=\"t m0 hc ff2 fs7 fc2 sc0 lsd3 ws86 gs6c2\"><span class=\"_ _383\">35.\u2002Leas</span><span class=\"_ _1\"></span>e liabilities<span class=\"_ _383\"> </span></div><div class=\"t m0 h3a ff2 fs5 fc3 sc0 lse ws71 gs6c3\">2022<span class=\"_ _383\"> </span></div><div class=\"t m0 h3a ff2 fs5 fc3 sc0 lse ws71 gs6c4\">\u00a3m<span class=\"_ _383\"> </span></div><div class=\"t m0 h8 ff1 fs5 fc3 sc0 lse ws71 gs6c5\">2021<span class=\"_ _383\"> </span></div><div class=\"t m0 h8 ff1 fs5 fc3 sc0 lse ws71 gs6c6\">\u00a3m<span class=\"_ _383\"> </span></div><div class=\"t m0 hd ff1 fs7 fc3 sc0 ls11 ws2 gs6c7\">At 1 January<span class=\"_ _279\"> </span><span class=\"ff2 ws6e\">10.7<span class=\"_ _15c\"> </span></span><span class=\"lsc7 ws7f\">11.<span class=\"_ _1\"></span>7<span class=\"_ _383\"> </span></span></div><div class=\"t m0 hd ff1 fs7 fc3 sc0 ls11 ws2 gs6c8\">New leases<span class=\"_ _2d6\"> </span><span class=\"ff2 lsc5 wsc4\">0<span class=\"_ _1\"></span>.9<span class=\"_ _8b\"> </span></span><span class=\"ls9f wsbc\">0.7<span class=\"_ _383\"> </span></span></div><div class=\"t m0 hd ff1 fs7 fc3 sc0 ls11 ws2 gs6c9\">Lease t<span class=\"_ _6\"></span>ermination<span class=\"_ _237\"> </span><span class=\"ff2 ls2\">\u2013<span class=\"_ _15c\"> </span></span><span class=\"lsed wsf2\">(<span class=\"_ _1\"></span>0<span class=\"_ _1\"></span>.1<span class=\"_ _1\"></span>)<span class=\"_ _383\"> </span></span></div><div class=\"t m0 hd ff1 fs7 fc3 sc0 ls11 ws2 gs6ca\">Lease r<span class=\"_ _6\"></span>epayments<span class=\"_ _2d7\"> </span><span class=\"ff2 lsc5 wsc4\">(<span class=\"_ _1\"></span>1<span class=\"_ _1\"></span>.9<span class=\"_ _1\"></span>)<span class=\"_ _d0\"> </span></span><span class=\"ls86 wsf1\">(<span class=\"_ _1\"></span>1<span class=\"_ _2\"></span>.9)<span class=\"_ _383\"> </span></span></div><div class=\"t m0 hd ff1 fs7 fc3 sc0 ls11 ws2 gs6cb\">Inter<span class=\"_ _6\"></span>est accruals<span class=\"_ _2d8\"> </span><span class=\"ff2 ws6e\">0.2<span class=\"_ _15e\"> </span></span><span class=\"ls9f wsbc\">0.3<span class=\"_ _383\"> </span></span></div><div class=\"t m0 hd ff2 fs7 fc3 sc0 ls11 ws2 gs6cc\">At 31 December<span class=\"_ _183\"> </span><span class=\"lsc6 wsc5\">9.9<span class=\"_ _1b4\"> </span><span class=\"ff1 ls9f wsbc\">10.7<span class=\"_ _383\"> </span></span></span></div><div class=\"t m0 hd ff1 fs7 fc3 sc0 ls11 ws2 gs6cd\">During the year<span class=\"_ _8\"></span>, the Group incurred e<span class=\"_ _6\"></span>xpenses of \u00a30<span class=\"_ _6\"></span>.3m (2<span class=\"_ _6\"></span>021: \u00a30<span class=\"_ _6\"></span>.2m) in relation to short-term leases<span class=\"_ _6\"></span>.<span class=\"_ _383\"> </span></div><div class=\"t m0 hc ff2 fs7 fc2 sc0 ls2 ws2 gs6ce\"><span class=\"_ _383\">36.\u2002Ot</span><span class=\"_ _1\"></span>he<span class=\"_ _1\"></span>r liabilit<span class=\"_ _1\"></span>ies<span class=\"_ _383\"> </span></div><div class=\"t m0 h3a ff2 fs5 fc3 sc0 lse ws71 gs6cf\">2022<span class=\"_ _383\"> </span></div><div class=\"t m0 h3a ff2 fs5 fc3 sc0 lse ws71 gs6d0\">\u00a3m<span class=\"_ _383\"> </span></div><div class=\"t m0 h8 ff1 fs5 fc3 sc0 lse ws71 gs6d1\">2021<span class=\"_ _383\"> </span></div><div class=\"t m0 h8 ff1 fs5 fc3 sc0 lse ws71 gs6d2\">\u00a3m<span class=\"_ _383\"> </span></div><div class=\"t m0 hd ff1 fs7 fc3 sc0 ls11 ws2 gs6d3\">Falling due within one year:<span class=\"_ _2be\"> </span><span class=\"ff2 ls2\"> </span></div><div class=\"t m0 hd ff1 fs7 fc3 sc0 ls11 ws6e gs519\">Accruals<span class=\"_ _2d9\"> </span><span class=\"ff2 ls7e ws16\">28.0<span class=\"_ _55\"> </span></span><span class=\"ls54 ws55\">23.2<span class=\"_ _383\"> </span></span></div><div class=\"t m0 hd ff1 fs7 fc3 sc0 ls11 ws2 gs6d4\">Deferred income<span class=\"_ _2da\"> </span><span class=\"ff2 ws6e\">0.6<span class=\"_ _e5\"> </span></span><span class=\"ls86 wsf1\">0<span class=\"_ _1\"></span>.9<span class=\"_ _383\"> </span></span></div><div class=\"t m0 hd ff1 fs7 fc3 sc0 ls11 ws2 gs51b\">Other creditor<span class=\"_ _6\"></span>s<span class=\"_ _2db\"> </span><span class=\"ff2 lsc3 wsc2\">1<span class=\"_ _1\"></span>0<span class=\"_ _1\"></span>.1<span class=\"_ _e5\"> </span></span><span class=\"ls6f ws75\">5.5</span></div><div class=\"t m0 hd ff1 fs7 fc3 sc0 ls2 ws2 gs6d5\"> <span class=\"_ _233\"> </span><span class=\"ff2 lscd wsce\">38.7<span class=\"_ _4f\"> </span></span><span class=\"lsf8 wsfd\">2<span class=\"_ _2\"></span>9.<span class=\"_ _2\"></span>6<span class=\"_ _383\"> </span></span></div>37<span class=\"_ _1f6\"></span><span class=\"_ _383\">.\u2002Pr</span><span class=\"_ _1\"></span>ovisio<span class=\"_ _1\"></span>ns and c<span class=\"_ _1\"></span>ontin<span class=\"_ _1\"></span>ge<span class=\"_ _1\"></span>nt liabilit<span class=\"_ _1\"></span>ies<span class=\"_ _383\"> </span>The Financial Services C<span class=\"_ _1\"></span>ompensation Scheme (FSCS) pr<span class=\"_ _6\"></span>ovides prot<span class=\"_ _6\"></span>ection of deposits for the cus<span class=\"_ _6\"></span>tomers of authorise<span class=\"_ _6\"></span>d \ufb01nancial servic<span class=\"_ _1\"></span>es \ufb01rms, should a \ufb01rm collapse. FSC<span class=\"_ _6\"></span>S protects r<span class=\"_ _6\"></span>etail deposits o<span class=\"_ _6\"></span>f up to \u00a385k for single account holders and \u00a317<span class=\"_ _8\"></span>0k for joint holders<span class=\"_ _6\"></span>. As OSB and CCFS both hold banking licences, the full FSC<span class=\"_ _6\"></span>S protection is av<span class=\"_ _6\"></span>ailable to customer<span class=\"_ _6\"></span>s of each Bank. The compensation paid out to consumers is initially funded through loans fr<span class=\"_ _6\"></span>om the BoE and HM T<span class=\"_ _8\"></span>reasury. In order to r<span class=\"_ _6\"></span>epay the loans and cov<span class=\"_ _6\"></span>er its costs<span class=\"_ _6\"></span>, the FSC<span class=\"_ _6\"></span>S charges le<span class=\"_ _6\"></span>vies on \ufb01rms regulated by the PRA and the Financial Conduct A<span class=\"_ _6\"></span>uthority (FCA). The Gr<span class=\"_ _6\"></span>oup is among those \ufb01rms and pays the FSCS a le<span class=\"_ _6\"></span>vy based on its share o<span class=\"_ _6\"></span>f total UK deposits<span class=\"_ _6\"></span>. The Group has re<span class=\"_ _6\"></span>view<span class=\"_ _8\"></span>ed its current exposur<span class=\"_ _6\"></span>e to Payment Pro<span class=\"_ _6\"></span>tection Insurance (PPI) claims<span class=\"_ _6\"></span>, following the FC<span class=\"_ _8\"></span>A deadline for PPI claims on 29 August 2019 and has re<span class=\"_ _6\"></span>duced its provision t<span class=\"_ _6\"></span>o less than \u00a30.<span class=\"_ _8\"></span>1m as at 31 December 2022 (2<span class=\"_ _6\"></span>021: \u00a30.<span class=\"_ _6\"></span>3m).<span class=\"_ _383\"> </span>The Group has release<span class=\"_ _6\"></span>d its pro<span class=\"_ _6\"></span>vision for conduct related e<span class=\"_ _6\"></span>xposures of \u00a31.2m follo<span class=\"_ _8\"></span>wing c<span class=\"_ _1\"></span>ompletion of an internal r<span class=\"_ _6\"></span>evie<span class=\"_ _6\"></span>w<span class=\"_ _8\"></span>.<span class=\"_ _383\"> </span>An analysis of the Group<span class=\"_ _8\"></span>\u2019<span class=\"_ _8\"></span>s FSCS and other pro<span class=\"_ _6\"></span>visions is present<span class=\"_ _6\"></span>ed below:<span class=\"_ _383\"> </span>2022<span class=\"_ _2dc\"> </span><span class=\"ff1\">2021<span class=\"_ _383\"> </span></span>FSCS<span class=\"_ _383\"> </span>\u00a3m<span class=\"_ _383\"> </span>Other regulatory provisions<span class=\"_ _383\"> </span>\u00a3m<span class=\"_ _383\"> </span>ECL on undrawn loan facilities<span class=\"_ _383\"> </span>\u00a3m<span class=\"_ _383\"> </span>To<span class=\"_ _1\"></span>t<span class=\"_ _2\"></span>a<span class=\"_ _1\"></span>l<span class=\"_ _383\"> </span>\u00a3m<span class=\"_ _383\"> </span>FSCS<span class=\"_ _383\"> </span>\u00a3m<span class=\"_ _383\"> </span>Other regulatory provisions<span class=\"_ _383\"> </span>\u00a3m<span class=\"_ _383\"> </span>ECL on undrawn loan facilities<span class=\"_ _383\"> </span>\u00a3m<span class=\"_ _383\"> </span>To<span class=\"_ _1\"></span>t<span class=\"_ _2\"></span>a<span class=\"_ _1\"></span>l<span class=\"_ _383\"> </span>\u00a3m<span class=\"_ _383\"> </span>At 1 January<span class=\"_ _2dd\"> </span><span class=\"ff2 lsc3 wsc2\">0<span class=\"_ _1\"></span>.1<span class=\"_ _5f\"> </span><span class=\"ls14 ws11\">1.<span class=\"_ _1\"></span>5<span class=\"_ _1c2\"> </span><span class=\"ls81 wsdf\">0<span class=\"_ _1\"></span>.4<span class=\"_ _1c2\"> </span><span class=\"ls7e ws16\">2<span class=\"_ _1\"></span>.0<span class=\"_ _ca\"> </span></span></span></span></span><span class=\"lsed wsf2\">0<span class=\"_ _1\"></span>.1<span class=\"_ _ca\"> </span><span class=\"ls9f wsbc\">1.5<span class=\"_ _15e\"> </span>0.2<span class=\"_ _ca\"> </span>1.8<span class=\"_ _383\"> </span></span></span>(Cre<span class=\"_ _6\"></span>dit)/<span class=\"_ _1f6\"></span>charge<span class=\"_ _120\"> </span><span class=\"ff2 lsc3 wsc2\">(0<span class=\"_ _1\"></span>.1<span class=\"_ _1\"></span>)<span class=\"_ _55\"> </span><span class=\"ls87 wsc6\">(1.5)<span class=\"_ _1da\"> </span><span class=\"ls2 ws2\">\u2013<span class=\"_ _57\"> </span><span class=\"ls88 wse3\">(1<span class=\"_ _1\"></span>.6)<span class=\"_ _20e\"> </span></span><span class=\"ff1\">\u2013<span class=\"_ _1cc\"> </span>\u2013<span class=\"_ _53\"> </span><span class=\"ls9f wsbc\">0.2<span class=\"_ _15e\"> </span>0.2<span class=\"_ _383\"> </span></span></span></span></span></span>At 31 December<span class=\"_ _108\"> </span><span class=\"ls2\">\u2013<span class=\"_ _116\"> </span>\u2013<span class=\"_ _15c\"> </span><span class=\"ls81 wsdf\">0.4<span class=\"_ _15c\"> </span>0<span class=\"_ _1\"></span>.4<span class=\"_ _ca\"> </span><span class=\"ff1 lsed wsf2\">0<span class=\"_ _1\"></span>.1<span class=\"_ _ce\"> </span><span class=\"ls9f wsbc\">1.5<span class=\"_ _e5\"> </span><span class=\"lsd7 wsd7\">0<span class=\"_ _1\"></span>.4<span class=\"_ _e5\"> </span><span class=\"ls11 ws6e\">2.0<span class=\"_ _383\"> </span></span></span></span></span></span></span>In January 2020<span class=\"_ _8\"></span>, the Group was contac<span class=\"_ _6\"></span>ted by the FCA in connection with a multi-<span class=\"_ _6\"></span>\ufb01rm thematic revie<span class=\"_ _8\"></span>w into forbearance measur<span class=\"_ _6\"></span>es adopted by lenders in respect o<span class=\"_ _6\"></span>f a portion of the mortgage market. The Gr<span class=\"_ _6\"></span>oup has responded to inf<span class=\"_ _6\"></span>ormation reques<span class=\"_ _6\"></span>ts from the FC<span class=\"_ _6\"></span>A. It is not possible to reliably predic<span class=\"_ _6\"></span>t or estimate the outcome of the r<span class=\"_ _6\"></span>evie<span class=\"_ _6\"></span>w and theref<span class=\"_ _6\"></span><span class=\"_ _383\">ore its \ufb01nancial eff</span><span class=\"_ _6\"></span>ect, if any, on the Group.<span class=\"_ _383\"> </span><span class=\"_ _383\">\u2003</span><span class=\"_ _383\">38.\u2002De</span><span class=\"_ _1\"></span>ferre<span class=\"_ _1\"></span>d taxation liability<span class=\"_ _383\"> </span>The deferr<span class=\"_ _6\"></span><span class=\"_ _383\">ed tax liability recognised on the Combination relates to the timing diff</span><span class=\"_ _6\"></span>erences of the r<span class=\"_ _6\"></span>ecognition of assets and liabilities at fair value<span class=\"_ _6\"></span>, where the fair v<span class=\"_ _6\"></span>alues will unwind in future periods in line with the underlying asse<span class=\"_ _6\"></span>t or liability. The deferred t<span class=\"_ _6\"></span>ax liability has been measured using the rele<span class=\"_ _6\"></span>vant r<span class=\"_ _6\"></span>ates for the expect<span class=\"_ _6\"></span>ed periods of utilisation.<span class=\"_ _383\"> </span>CCFS Combination<span class=\"_ _383\"> </span>\u00a3m<span class=\"_ _383\"> </span>At 1 January 2<span class=\"_ _6\"></span>021<span class=\"_ _2de\"> </span><span class=\"ls2c ws29\">48.3<span class=\"_ _383\"> </span></span>Pro\ufb01t or loss cr<span class=\"_ _6\"></span>edit<span class=\"_ _1e4\"> </span><span class=\"ls12 wsf\">(8.5<span class=\"_ _1\"></span>)<span class=\"_ _383\"> </span></span>At 31 December 2021<span class=\"_ _2df\"> </span><span class=\"lsf8 wsfd\">3<span class=\"_ _2\"></span>9.<span class=\"_ _2\"></span>8<span class=\"_ _383\"> </span></span>Pro\ufb01t or loss cr<span class=\"_ _6\"></span>edit<span class=\"_ _2e0\"> </span><span class=\"ff2 lsc4 wsc3\">(<span class=\"_ _2\"></span>1<span class=\"_ _2\"></span>7.<span class=\"_ _0\"> </span>5<span class=\"_ _0\"> </span>)<span class=\"_ _383\"> </span></span>At 31 December 2022<span class=\"_ _2e1\"> </span><span class=\"ls7d wse2\">22.3<span class=\"_ _383\"> </span></span>In 2022, the pro<span class=\"_ _6\"></span>\ufb01t or loss credit includes \u00a34<span class=\"_ _8\"></span>.7<span class=\"_ _8\"></span>m impact of the corporation tax r<span class=\"_ _6\"></span>ate change (2021: a debit o<span class=\"_ _6\"></span>f \u00a35.<span class=\"_ _6\"></span>6m).<span class=\"_ _383\"> </span>As at 31 December 2022 deferr<span class=\"_ _6\"></span>ed tax liabilities of \u00a35<span class=\"_ _6\"></span>.6m (2<span class=\"_ _6\"></span>021: \u00a317<span class=\"_ _1f6\"></span>.5m) ar<span class=\"_ _6\"></span>e expected to be due within 12 mon<span class=\"_ _6\"></span>ths and \u00a316.7<span class=\"_ _1f6\"></span>m (2021: \u00a322.3m) due after 12 months.<span class=\"_ _383\"> </span><div class=\"t m0 hc ff2 fs7 fc2 sc0 lsd3 ws86 gs712\">39<span class=\"_ _8\"></span><span class=\"_ _383\">.\u2002Sub</span><span class=\"_ _1\"></span>ordinat<span class=\"_ _1\"></span>ed liabilitie<span class=\"_ _1\"></span>s<span class=\"_ _383\"> </span></div><div class=\"t m0 hd ff1 fs7 fc3 sc0 ls11 ws2 gs713\">The Group<span class=\"_ _8\"></span>\u2019<span class=\"_ _6\"></span>s outst<span class=\"_ _6\"></span>anding subordinated liabilities ar<span class=\"_ _6\"></span>e summarised below:<span class=\"_ _383\"> </span></div><div class=\"t m0 h3a ff2 fs5 fc3 sc0 lse ws71 gs714\">2022<span class=\"_ _383\"> </span></div><div class=\"t m0 h3a ff2 fs5 fc3 sc0 lse ws71 gs715\">\u00a3m<span class=\"_ _383\"> </span></div><div class=\"t m0 h8 ff1 fs5 fc3 sc0 lse ws71 gs716\">2021<span class=\"_ _383\"> </span></div><div class=\"t m0 h8 ff1 fs5 fc3 sc0 lse ws71 gs717\">\u00a3m<span class=\"_ _383\"> </span></div><div class=\"t m0 hd ff1 fs7 fc3 sc0 ls11 ws2 gs718\">At 1 January<span class=\"_ _2e2\"> </span><span class=\"ff2 ws6e\">10.3<span class=\"_ _61\"> </span></span><span class=\"ls6f ws75\">10.5<span class=\"_ _383\"> </span></span></div><div class=\"t m0 hd ff1 fs7 fc3 sc0 ls11 ws2 gs719\">Repayment o<span class=\"_ _6\"></span>f debt<span class=\"_ _2e3\"> </span><span class=\"ff2 ls1e ws43\">(10.<span class=\"_ _1\"></span>3)<span class=\"_ _9d\"> </span></span><span class=\"lscc wscd\">(0.<span class=\"_ _1\"></span>2)<span class=\"_ _383\"> </span></span></div><div class=\"t m0 hd ff2 fs7 fc3 sc0 ls11 ws2 gs71a\">At 31 December<span class=\"_ _27d\"> </span><span class=\"ls2\">\u2013<span class=\"_ _9c\"> </span><span class=\"ff1 ls9f wsbc\">10.3<span class=\"_ _383\"> </span></span></span></div><div class=\"t m0 hd ff1 fs7 fc3 sc0 ls11 ws2 gs71b\">The table below sho<span class=\"_ _8\"></span>ws a reconciliation of the Group<span class=\"_ _8\"></span>\u2019<span class=\"_ _6\"></span>s subordinated liabilities during the year:<span class=\"_ _383\"> </span></div><div class=\"t m0 h3a ff2 fs5 fc3 sc0 lse ws71 gs71c\">2022<span class=\"_ _383\"> </span></div><div class=\"t m0 h3a ff2 fs5 fc3 sc0 lse ws71 gs71d\">\u00a3m<span class=\"_ _383\"> </span></div><div class=\"t m0 h8 ff1 fs5 fc3 sc0 lse ws71 gs71e\">2021<span class=\"_ _383\"> </span></div><div class=\"t m0 h8 ff1 fs5 fc3 sc0 lse ws71 gs71f\">\u00a3m<span class=\"_ _383\"> </span></div><div class=\"t m0 hd ff1 fs7 fc3 sc0 ls11 ws2 gs720\">Link<span class=\"_ _6\"></span>ed to LIBOR:<span class=\"_ _2e4\"> </span><span class=\"ff2 ls2\"> </span></div><div class=\"t m0 hd ff1 fs7 fc3 sc0 ls11 ws2 gs721\"><span class=\"_ _383\">\u2002\u2002Floating rate subor</span><span class=\"_ _8\"></span>dinated loans 2022 (LIBOR +2%)<span class=\"_ _2e5\"> </span><span class=\"ff2 ls2\">\u2013<span class=\"_ _52\"> </span></span><span class=\"lsed wsf2\">0<span class=\"_ _1\"></span>.1<span class=\"_ _383\"> </span></span></div><div class=\"t m0 hd ff1 fs7 fc3 sc0 ls11 ws2 gs722\">Fixed r<span class=\"_ _6\"></span>ate:<span class=\"_ _2e6\"> </span><span class=\"ff2 ls2\"> </span></div><div class=\"t m0 hd ff1 fs7 fc3 sc0 ls11 ws2 gs723\"><span class=\"_ _383\">\u2002\u2002Subordinated liabilities 2</span><span class=\"_ _6\"></span>024 (7<span class=\"_ _9\"></span>.<span class=\"_ _8\"></span>45%)<span class=\"_ _1ce\"> </span><span class=\"ff2 ls2\">\u2013<span class=\"_ _4f\"> </span></span><span class=\"ls9f wsbc\">10.<span class=\"_ _1\"></span>2</span></div><div class=\"t m0 hd ff1 fs7 fc3 sc0 ls2 ws2 gs724\"> <span class=\"_ _266\"> </span><span class=\"ff2\">\u2013<span class=\"_ _9c\"> </span></span><span class=\"ls9f wsbc\">10.<span class=\"_ _1\"></span>3<span class=\"_ _383\"> </span></span></div><div class=\"t m0 hd ff1 fs7 fc3 sc0 ls11 ws2 gs725\">During the year<span class=\"_ _8\"></span>, the \ufb01xed rat<span class=\"_ _6\"></span>e subordinated liabilities w<span class=\"_ _6\"></span>ere fully r<span class=\"_ _6\"></span>epaid at a premium of \u00a30<span class=\"_ _8\"></span>.7<span class=\"_ _8\"></span>m, which is recognised in interes<span class=\"_ _6\"></span>t payable and similar </div><div class=\"t m0 hd ff1 fs7 fc3 sc0 ls11 ws6e gs726\">charges<span class=\"_ _6\"></span>. </div><div class=\"t m0 hd ff1 fs7 fc3 sc0 ls11 ws2 gs727\">The LIBOR link<span class=\"_ _8\"></span>ed subordinated liabilities wer<span class=\"_ _6\"></span>e redeemed in September 2<span class=\"_ _6\"></span>022. </div><div class=\"t m0 hc ff2 fs7 fc2 sc0 ls2d ws2a gs728\"><span class=\"_ _383\">40.\u2002</span><span class=\"_ _6\"></span>Perpetual Subordi<span class=\"_ _6\"></span>nated Bonds<span class=\"_ _383\"> </span></div><div class=\"t m0 h3a ff2 fs5 fc3 sc0 lse ws71 gs729\">2022<span class=\"_ _383\"> </span></div><div class=\"t m0 h3a ff2 fs5 fc3 sc0 lse ws71 gs72a\">\u00a3m<span class=\"_ _383\"> </span></div><div class=\"t m0 h8 ff1 fs5 fc3 sc0 lse ws71 gs72b\">2021<span class=\"_ _383\"> </span></div><div class=\"t m0 h8 ff1 fs5 fc3 sc0 lse ws71 gs72c\">\u00a3m<span class=\"_ _383\"> </span></div><div class=\"t m0 hd ff1 fs7 fc3 sc0 ls11 ws2 gs72d\">Sterling PSBs (4<span class=\"_ _8\"></span>.6007%)<span class=\"_ _2e7\"> </span><span class=\"ff2 lscd wsce\">15.2<span class=\"_ _61\"> </span></span><span class=\"ls9f wsbc\">15<span class=\"_ _1\"></span>.2<span class=\"_ _383\"> </span></span></div><div class=\"t m0 hd ff1 fs7 fc3 sc0 ls11 ws2 gs72e\">The bonds are list<span class=\"_ _6\"></span>ed on the London S<span class=\"_ _6\"></span>tock Exchange<span class=\"_ _6\"></span>. </div><div class=\"t m0 hd ff1 fs7 fc3 sc0 ls11 ws2 gs72f\">The 4<span class=\"_ _6\"></span>.600<span class=\"_ _6\"></span>7% bonds wer<span class=\"_ _6\"></span>e issued with no discretion o<span class=\"_ _6\"></span>ver the payment o<span class=\"_ _6\"></span>f inter<span class=\"_ _6\"></span>est and may not be settled in the Gr<span class=\"_ _6\"></span>oup<span class=\"_ _6\"></span>\u2019<span class=\"_ _8\"></span>s own equity. They are </div><div class=\"t m0 hd ff1 fs7 fc3 sc0 ls11 ws2 gs730\">theref<span class=\"_ _6\"></span>ore classi\ufb01ed as \ufb01nancial liabilities<span class=\"_ _6\"></span>. The coupon rate is 4<span class=\"_ _8\"></span>.6007% until the ne<span class=\"_ _6\"></span>xt reset date on 2<span class=\"_ _6\"></span>7 August 2<span class=\"_ _6\"></span>024<span class=\"_ _6\"></span>.<span class=\"_ _383\"> </span></div><div class=\"t m0 hc ff2 fs7 fc2 sc0 ls2 ws2 gs731\"><span class=\"_ _383\">41.\u2002Recon</span><span class=\"_ _1\"></span>ciliat<span class=\"_ _1\"></span>ion of c<span class=\"_ _1\"></span>ash \ufb02<span class=\"_ _1\"></span>ows for \ufb01n<span class=\"_ _1\"></span>anc<span class=\"_ _1\"></span>ing ac<span class=\"_ _1\"></span>tiv<span class=\"_ _1\"></span>ities<span class=\"_ _383\"> </span></div><div class=\"t m0 hd ff1 fs7 fc3 sc0 ls11 ws2 gs732\">The tables below sho<span class=\"_ _8\"></span>w a reconciliation of the Group<span class=\"_ _6\"></span>\u2019<span class=\"_ _8\"></span>s liabilities classi\ufb01ed as \ufb01nancing activities within the Consolidated Statement o<span class=\"_ _6\"></span>f Cash Flows:<span class=\"_ _383\"> </span></div><div class=\"t m0 h3a ff2 fs5 fc3 sc0 lse ws71 gs733\">Restated<span class=\"ls2 ws2\"><span class=\"_ _383\">1<span class=\"_ _383\"> </span></span></span></div><div class=\"t m0 h3a ff2 fs5 fc3 sc0 lse ws71 gs734\">Amounts </div><div class=\"t m0 h3a ff2 fs5 fc3 sc0 lse ws2 gs735\">ow<span class=\"_ _6\"></span>ed to credit </div><div class=\"t m0 h3a ff2 fs5 fc3 sc0 lse ws71 gs736\">institutions </div><div class=\"t m0 h3a ff2 fs5 fc3 sc0 lse ws2 gs737\">(see note 31)<span class=\"_ _383\"> </span></div><div class=\"t m0 h3a ff2 fs5 fc3 sc0 lse ws71 gs738\">\u00a3m<span class=\"_ _383\"> </span></div><div class=\"t m0 h3a ff2 fs5 fc3 sc0 ls16b ws18b gs739\">Debt </div><div class=\"t m0 h3a ff2 fs5 fc3 sc0 lse ws2 gs73a\">securities in </div><div class=\"t m0 h3a ff2 fs5 fc3 sc0 lse ws71 gs73b\">issue </div><div class=\"t m0 h3a ff2 fs5 fc3 sc0 lse ws2 gs73c\">(see note 34)<span class=\"_ _383\"> </span></div><div class=\"t m0 h3a ff2 fs5 fc3 sc0 lse ws71 gs73d\">\u00a3m<span class=\"_ _383\"> </span></div><div class=\"t m0 h3a ff2 fs5 fc3 sc0 lse ws71 gs73e\">Subordinated </div><div class=\"t m0 h3a ff2 fs5 fc3 sc0 lse ws71 gs73f\">liabilities </div><div class=\"t m0 h3a ff2 fs5 fc3 sc0 lse ws2 gs740\">(see note 39)<span class=\"_ _383\"> </span></div><div class=\"t m0 h3a ff2 fs5 fc3 sc0 lse ws71 gs741\">\u00a3m<span class=\"_ _383\"> </span></div><div class=\"t m0 h3a ff2 fs5 fc3 sc0 lse ws71 gs742\">PSBs </div><div class=\"t m0 h3a ff2 fs5 fc3 sc0 lse ws2 gs743\">(see note 40)<span class=\"_ _383\"> </span></div><div class=\"t m0 h3a ff2 fs5 fc3 sc0 lse ws71 gs744\">\u00a3m<span class=\"_ _383\"> </span></div><div class=\"t m0 h3a ff2 fs5 fc3 sc0 lsc2 wsc1 gs745\">To<span class=\"_ _1\"></span>t<span class=\"_ _2\"></span>a<span class=\"_ _1\"></span>l<span class=\"_ _383\"> </span></div><div class=\"t m0 h3a ff2 fs5 fc3 sc0 lse ws71 gs746\">\u00a3m<span class=\"_ _383\"> </span></div><div class=\"t m0 hd ff1 fs7 fc3 sc0 ls11 ws2 gs747\">At 1 January 2<span class=\"_ _6\"></span>021<span class=\"_ _f5\"> </span><span class=\"ls88 wse3\">3,570<span class=\"_ _1\"></span>.<span class=\"_ _1\"></span>2<span class=\"_ _5c\"> </span><span class=\"ls86 wsf1\">42<span class=\"_ _1\"></span>1<span class=\"_ _2\"></span>.9<span class=\"_ _61\"> </span><span class=\"ls6f ws75\">10.5<span class=\"_ _61\"> </span><span class=\"lsc8 wsc8\">3<span class=\"_ _0\"></span>7.<span class=\"_ _0\"></span>6<span class=\"_ _6b\"> </span></span></span></span>4,0<span class=\"_ _1\"></span>4<span class=\"_ _1\"></span>0.<span class=\"_ _1\"></span>2<span class=\"_ _383\"> </span></span></div><div class=\"t m0 hd ff2 fs7 fc3 sc0 ls11 ws2 gs748\">Cash mov<span class=\"_ _6\"></span>ements:<span class=\"_ _210\"> </span><span class=\"ff1 ls2\"> <span class=\"_ _21a\"> </span> <span class=\"_ _11a\"> </span> <span class=\"_ _21a\"> </span> <span class=\"_ _11a\"> </span> </span></div><div class=\"t m0 hd ff1 fs7 fc3 sc0 ls11 ws2 gs749\">Principal draw<span class=\"_ _6\"></span>downs<span class=\"ls2\"><span class=\"_ _383\">1</span><span class=\"_ _197\"> </span><span class=\"lsc8 wsc8\">4<span class=\"_ _0\"></span>,<span class=\"_ _0\"></span>7<span class=\"_ _0\"></span>4<span class=\"_ _2\"></span>7.<span class=\"_ _0\"></span>6<span class=\"_ _5c\"> </span><span class=\"ls7a wsa1\">195.6<span class=\"_ _1cc\"> </span></span></span>\u2013<span class=\"_ _1cc\"> </span>\u2013<span class=\"_ _d2\"> </span><span class=\"lsc5 wsc4\">4,9<span class=\"_ _2\"></span>4<span class=\"_ _1\"></span>3<span class=\"_ _2\"></span>.<span class=\"_ _2\"></span>2<span class=\"_ _383\"> </span></span></span></div><div class=\"t m0 hd ff1 fs7 fc3 sc0 ls11 ws2 gs74a\">Principal repayment<span class=\"_ _6\"></span>s<span class=\"_ _2e8\"> </span><span class=\"ls89 wscc\">(<span class=\"_ _1\"></span>4<span class=\"_ _1\"></span>,1<span class=\"_ _1\"></span>1<span class=\"_ _1\"></span>3<span class=\"_ _1\"></span>.<span class=\"_ _1\"></span>7<span class=\"_ _0\"></span>)<span class=\"_ _83\"> </span><span class=\"lsf8 wsfd\">(<span class=\"_ _1\"></span>1<span class=\"_ _2\"></span>5<span class=\"_ _2\"></span>9.<span class=\"_ _2\"></span>5<span class=\"_ _2\"></span>)<span class=\"_ _55\"> </span><span class=\"lscc wscd\">(0.2)<span class=\"_ _a9\"> </span><span class=\"lsc7 ws7f\">(22<span class=\"_ _1\"></span>.0<span class=\"_ _1\"></span>)<span class=\"_ _fd\"> </span><span class=\"lsd7 wsd7\">(<span class=\"_ _2\"></span>4<span class=\"_ _1\"></span>,<span class=\"_ _2\"></span>2<span class=\"_ _2\"></span>9<span class=\"_ _1\"></span>5<span class=\"_ _1\"></span>.4)<span class=\"_ _383\"> </span></span></span></span></span></span></div><div class=\"t m0 hd ff1 fs7 fc3 sc0 ls11 ws2 gs74b\">Inter<span class=\"_ _6\"></span>est paid<span class=\"_ _253\"> </span><span class=\"lsd7 wsd7\">(<span class=\"_ _1\"></span>4<span class=\"_ _1\"></span>.4)<span class=\"_ _d0\"> </span><span class=\"lsc7 ws7f\">(1<span class=\"_ _1\"></span>.<span class=\"_ _1\"></span>6)<span class=\"_ _96\"> </span><span class=\"lscc wscd\">(0.8)<span class=\"_ _61\"> </span></span>(1<span class=\"_ _1\"></span>.<span class=\"_ _1\"></span>6)<span class=\"_ _55\"> </span></span>(<span class=\"_ _1\"></span>8<span class=\"_ _1\"></span>.4<span class=\"_ _1\"></span>)<span class=\"_ _383\"> </span></span></div><div class=\"t m0 hd ff2 fs7 fc3 sc0 ls11 ws2 gs74c\">Non-cash movemen<span class=\"_ _6\"></span>ts:<span class=\"_ _ac\"> </span><span class=\"ff1 ls2\"> <span class=\"_ _21a\"> </span> <span class=\"_ _11a\"> </span> <span class=\"_ _11a\"> </span> <span class=\"_ _21a\"> </span> </span></div><div class=\"t m0 hd ff1 fs7 fc3 sc0 ls11 ws2 gs74d\">Inter<span class=\"_ _6\"></span>est charge<span class=\"_ _6\"></span>d<span class=\"_ _2e9\"> </span><span class=\"ls88 wse3\">4.5<span class=\"_ _5f\"> </span><span class=\"ls86 wsf1\">3<span class=\"_ _1\"></span>.9<span class=\"_ _e5\"> </span><span class=\"ls9f wsbc\">0.8<span class=\"_ _52\"> </span>1.<span class=\"_ _1\"></span>2<span class=\"_ _d0\"> </span><span class=\"lsd7 wsd7\">1<span class=\"_ _1\"></span>0<span class=\"_ _1\"></span>.4<span class=\"_ _383\"> </span></span></span></span></span></div><div class=\"t m0 hd ff1 fs7 fc3 sc0 ls11 ws2 gs74e\">At 31 December 2021<span class=\"ls2\"><span class=\"_ _383\">1</span><span class=\"_ _e1\"> </span><span class=\"ls88 wse3\">4,2<span class=\"_ _1\"></span>0<span class=\"_ _1\"></span>4.<span class=\"_ _1\"></span>2<span class=\"_ _a9\"> </span><span class=\"ls9f wsbc\">460.<span class=\"_ _1\"></span>3<span class=\"_ _61\"> </span>10.3<span class=\"_ _61\"> </span>15<span class=\"_ _1\"></span>.2<span class=\"_ _121\"> </span></span>4,<span class=\"_ _1\"></span>69<span class=\"_ _1\"></span>0.<span class=\"_ _1\"></span>0<span class=\"_ _383\"> </span></span></span></div><div class=\"t m0 hd ff2 fs7 fc3 sc0 ls11 ws2 gs74f\">Cash mov<span class=\"_ _6\"></span>ements:<span class=\"_ _210\"> </span><span class=\"ff1 ls2\"> <span class=\"_ _21a\"> </span> <span class=\"_ _11a\"> </span> <span class=\"_ _21a\"> </span> <span class=\"_ _11a\"> </span> </span></div><div class=\"t m0 hd ff1 fs7 fc3 sc0 ls11 ws2 gs750\">Principal draw<span class=\"_ _6\"></span>downs<span class=\"_ _2ea\"> </span><span class=\"ff2 lsc6 wsc5\">4<span class=\"_ _1\"></span>2<span class=\"_ _2\"></span>9.<span class=\"_ _1\"></span>5<span class=\"_ _d9\"> </span><span class=\"ls2 ws2\">\u2013<span class=\"_ _1cc\"> </span>\u2013<span class=\"_ _1cc\"> </span>\u2013<span class=\"_ _50\"> </span></span>42<span class=\"_ _2\"></span>9.<span class=\"_ _2\"></span>5<span class=\"_ _383\"> </span></span></div><div class=\"t m0 hd ff1 fs7 fc3 sc0 ls11 ws2 gs751\">Principal repayment<span class=\"_ _6\"></span>s<span class=\"_ _dd\"> </span><span class=\"ff2 ls87 wsc6\">(120.5)<span class=\"_ _a1\"> </span><span class=\"ls88 wse3\">(1<span class=\"_ _1\"></span>93<span class=\"_ _1\"></span>.<span class=\"_ _1\"></span>6)<span class=\"_ _18d\"> </span><span class=\"lse3 wse7\">(10.<span class=\"_ _8\"></span>1)<span class=\"_ _1da\"> </span><span class=\"ls2 ws2\">\u2013<span class=\"_ _73\"> </span><span class=\"ls7f wse1\">(3<span class=\"_ _1\"></span>24<span class=\"_ _1\"></span>.<span class=\"_ _1\"></span>2)<span class=\"_ _383\"> </span></span></span></span></span></span></div><div class=\"t m0 hd ff1 fs7 fc3 sc0 ls11 ws2 gs752\">Inter<span class=\"_ _6\"></span>est paid<span class=\"_ _2eb\"> </span><span class=\"ff2 ls7f wse1\">(34.<span class=\"_ _1\"></span>8)<span class=\"_ _5c\"> </span><span class=\"lscc wscd\">(8<span class=\"_ _1\"></span>.<span class=\"_ _1\"></span>5)<span class=\"_ _55\"> </span><span class=\"ls1e ws43\">(1.3)<span class=\"_ _2ab\"> </span><span class=\"ls88 wse3\">(0.7<span class=\"_ _2\"></span>)<span class=\"_ _70\"> </span></span>(<span class=\"_ _1\"></span>45<span class=\"_ _1\"></span>.3)<span class=\"_ _383\"> </span></span></span></span></div><div class=\"t m0 hc ff2 fs7 fc3 sc0 ls11 ws2 gs753\">Non-cash movemen<span class=\"_ _6\"></span>ts:<span class=\"_ _ac\"> </span><span class=\"ls2\"> <span class=\"_ _11a\"> </span> <span class=\"_ _11a\"> </span> <span class=\"_ _11a\"> </span> <span class=\"_ _11a\"> </span> </span></div><div class=\"t m0 hd ff1 fs7 fc3 sc0 ls11 ws2 gs754\">Inter<span class=\"_ _6\"></span>est charge<span class=\"_ _6\"></span>d<span class=\"_ _161\"> </span><span class=\"ff2 ws6e\">64.<span class=\"_ _1\"></span>8<span class=\"_ _5f\"> </span><span class=\"lsc4 wsc3\">7.<span class=\"_ _2\"></span>7<span class=\"_ _2ec\"> </span><span class=\"lsc3 wsc2\">1<span class=\"_ _1\"></span>.1<span class=\"_ _53\"> </span></span></span>0.7<span class=\"_ _9d\"> </span>7<span class=\"_ _1\"></span>4.3<span class=\"_ _383\"> </span></span></div><div class=\"t m0 hc ff2 fs7 fc3 sc0 ls11 ws2 gs755\">At 31 December 2022<span class=\"_ _29\"> </span><span class=\"ls2c ws29\">4,543.2<span class=\"_ _86\"> </span><span class=\"lsc5 wsc4\">26<span class=\"_ _2\"></span>5<span class=\"_ _1\"></span>.9<span class=\"_ _d9\"> </span></span></span><span class=\"ls2\">\u2013<span class=\"_ _55\"> </span><span class=\"lscd wsce\">15.2<span class=\"_ _89\"> </span></span></span><span class=\"ws6e\">4,82<span class=\"_ _1\"></span>4.3<span class=\"_ _383\"> </span></span></div><div class=\"t m0 h8 ff1 fs5 fc3 sc0 ls2 ws2 gs756\">1. <span class=\"_ _41\"> </span>202<span class=\"_ _1\"></span>1 \ufb01gu<span class=\"_ _1\"></span>re<span class=\"_ _1\"></span>s re<span class=\"_ _1\"></span>st<span class=\"_ _1\"></span>ate<span class=\"_ _1\"></span>d se<span class=\"_ _1\"></span>e n<span class=\"_ _1\"></span>ote 1 b) for f<span class=\"_ _1\"></span>ur<span class=\"_ _1\"></span>th<span class=\"_ _1\"></span>er d<span class=\"_ _1\"></span>et<span class=\"_ _1\"></span>ail<span class=\"_ _1\"></span>s.<span class=\"_ _383\"> </span></div><div class=\"t m0 hc ff2 fs7 fc2 sc0 ls2 ws2 gs758\"><span class=\"_ _383\">42.\u2002Sha</span><span class=\"_ _1\"></span>re cap<span class=\"_ _1\"></span>ital<span class=\"_ _383\"> </span></div><div class=\"t m0 h3a ff2 fs5 fc3 sc0 lse ws2 gs759\">Ordinary shares<span class=\"_ _383\"> </span></div><div class=\"t m0 h3a ff2 fs5 fc3 sc0 lse ws2 gs75a\">Number of </div><div class=\"t m0 h3a ff2 fs5 fc3 sc0 lse ws2 gs75b\">shares issued </div><div class=\"t m0 h3a ff2 fs5 fc3 sc0 lse ws2 gs75c\">and fully paid<span class=\"_ _383\"> </span></div><div class=\"t m0 h3a ff2 fs5 fc3 sc0 lse ws2 gs75d\">Nominal value<span class=\"_ _383\"> </span></div><div class=\"t m0 h3a ff2 fs5 fc3 sc0 lse ws71 gs75e\">\u00a3m<span class=\"_ _383\"> </span></div><div class=\"t m0 h3a ff2 fs5 fc3 sc0 lse ws71 gs75f\">Premium<span class=\"_ _383\"> </span></div><div class=\"t m0 h3a ff2 fs5 fc3 sc0 lse ws71 gs760\">\u00a3m<span class=\"_ _383\"> </span></div><div class=\"t m0 hd ff1 fs7 fc3 sc0 ls11 ws2 gs761\">At 1 January 2<span class=\"_ _6\"></span>021<span class=\"_ _2ed\"> </span><span class=\"ls6f ws75\">44<span class=\"_ _6\"></span>7<span class=\"_ _1f6\"></span>,312,780<span class=\"_ _76\"> </span><span class=\"lsf8 wsfd\">1<span class=\"_ _1\"></span>,<span class=\"_ _2\"></span>3<span class=\"_ _0\"></span>5<span class=\"_ _2\"></span>9.<span class=\"_ _2\"></span>8<span class=\"_ _d9\"> </span><span class=\"ls2 ws2\">\u2013 </span></span></span></div><div class=\"t m0 hd ff1 fs7 fc3 sc0 ls11 ws2 gs762\">Capital reduction o<span class=\"_ _6\"></span>f \u00a33.<span class=\"_ _8\"></span>04 nominal value shares to \u00a30<span class=\"_ _6\"></span>.01 nominal v<span class=\"_ _6\"></span>alue shares<span class=\"_ _db\"> </span><span class=\"ls2\">\u2013 <span class=\"_ _88\"> </span><span class=\"ls12 wsf\">(1<span class=\"_ _1\"></span>,3<span class=\"_ _1\"></span>55<span class=\"_ _1\"></span>.3)<span class=\"_ _20e\"> </span></span>\u2013 </span></div><div class=\"t m0 hd ff1 fs7 fc3 sc0 ls11 ws2 gs763\">Shares issued under O<span class=\"_ _6\"></span>SBG employee share plans<span class=\"_ _e1\"> </span><span class=\"ls9f wsbc\">1,315,075<span class=\"_ _d9\"> </span></span><span class=\"ls2\">\u2013 <span class=\"_ _57\"> </span><span class=\"ls9f wsbc\">0.7<span class=\"_ _383\"> </span></span></span></div><div class=\"t m0 hd ff1 fs7 fc3 sc0 ls11 ws2 gs764\">At 31 December 2021<span class=\"_ _1d6\"> </span><span class=\"ls2\">448,627<span class=\"_ _1f6\"></span>,855<span class=\"_ _e5\"> </span><span class=\"ls88 wse3\">4.5<span class=\"_ _8b\"> </span><span class=\"ls9f wsbc\">0.7<span class=\"_ _383\"> </span></span></span></span></div><div class=\"t m0 hd ff1 fs7 fc3 sc0 ls11 ws2 gs765\">Shares cancelled under repur<span class=\"_ _6\"></span>chase progr<span class=\"_ _6\"></span>amme<span class=\"_ _2aa\"> </span><span class=\"ff2 ls2\">(20,67<span class=\"_ _6\"></span>1,224)<span class=\"_ _e8\"> </span><span class=\"ls88 wse3\">(0<span class=\"_ _1\"></span>.<span class=\"_ _1\"></span>2)<span class=\"_ _1da\"> </span></span>\u2013 </span></div><div class=\"t m0 hd ff1 fs7 fc3 sc0 ls11 ws2 gs766\">Shares issued under O<span class=\"_ _6\"></span>SBG employee share plans<span class=\"_ _2ee\"> </span><span class=\"ff2 ls89 wscc\">1<span class=\"_ _1\"></span>,9<span class=\"_ _1\"></span>1<span class=\"_ _1\"></span>1<span class=\"_ _1\"></span>,9<span class=\"_ _1\"></span>9<span class=\"_ _2\"></span>4<span class=\"_ _d9\"> </span><span class=\"ls2 ws2\">\u2013 <span class=\"_ _63\"> </span><span class=\"lscd wsce\">1<span class=\"_ _1\"></span>.7<span class=\"_ _383\"> </span></span></span></span></div><div class=\"t m0 hc ff2 fs7 fc3 sc0 ls11 ws2 gs767\">At 31 December 2022<span class=\"_ _56\"> </span><span class=\"ls7a wsa1\">429<span class=\"_ _1f6\"></span>,<span class=\"_ _1\"></span>868,625<span class=\"_ _254\"> </span><span class=\"ls11 ws6e\">4.<span class=\"_ _1\"></span>3<span class=\"_ _15c\"> </span><span class=\"ls81 wsdf\">2<span class=\"_ _1\"></span>.4<span class=\"_ _383\"> </span></span></span></span></div><div class=\"t m0 hd ff1 fs7 fc3 sc0 ls11 ws2 gs768\">The Group<span class=\"_ _8\"></span>\u2019<span class=\"_ _6\"></span>s share r<span class=\"_ _6\"></span>epurchase progr<span class=\"_ _6\"></span>amme commenced on 18 March 2022, and allo<span class=\"_ _6\"></span>we<span class=\"_ _6\"></span>d the Group to repur<span class=\"_ _6\"></span>chase a maximum of 44<span class=\"_ _8\"></span>,799<span class=\"_ _1f6\"></span>,505 </div><div class=\"t m0 hd ff1 fs7 fc3 sc0 ls11 ws2 gs769\">shares<span class=\"_ _6\"></span>, restric<span class=\"_ _6\"></span>ted by a total cost o<span class=\"_ _6\"></span>f \u00a3100m. The programme completed during the ye<span class=\"_ _6\"></span>ar and 20<span class=\"_ _6\"></span>,6<span class=\"_ _6\"></span>71,224 shares<span class=\"_ _6\"></span>, represen<span class=\"_ _6\"></span>ting 4<span class=\"_ _6\"></span>.6% of the issued </div><div class=\"t m0 hd ff1 fs7 fc3 sc0 ls11 ws2 gs76a\">share capital, hav<span class=\"_ _6\"></span>e been repurchased and cancelled at an av<span class=\"_ _6\"></span>erage price o<span class=\"_ _6\"></span>f \u00a34<span class=\"_ _6\"></span>.84 per shar<span class=\"_ _6\"></span>e and a total cost of \u00a3100m ex<span class=\"_ _6\"></span>cluding transaction cos<span class=\"_ _6\"></span>ts. </div><div class=\"t m0 hd ff1 fs7 fc3 sc0 ls11 ws2 gs76b\">The holders of or<span class=\"_ _6\"></span>dinary shares ar<span class=\"_ _6\"></span>e entitled to receiv<span class=\"_ _6\"></span>e dividends as declared from time to time<span class=\"_ _8\"></span>, and are entitled to one vot<span class=\"_ _6\"></span>e per share at meetings of </div><div class=\"t m0 hd ff1 fs7 fc3 sc0 ls11 ws2 gs76c\">the Company. All ordinary shares r<span class=\"_ _6\"></span>ank equally with regar<span class=\"_ _8\"></span>d to the C<span class=\"_ _1\"></span>ompany\u2019<span class=\"_ _1f6\"></span>s residual assets.<span class=\"_ _383\"> </span></div><div class=\"t m0 hd ff1 fs7 fc3 sc0 ls11 ws2 gs76d\">All ordinary shar<span class=\"_ _6\"></span>es issued in the current and prior year w<span class=\"_ _8\"></span>ere fully paid.<span class=\"_ _383\"> </span></div><div class=\"t m0 hc ff2 fs7 fc2 sc0 ls2f ws2c gs76e\"><span class=\"_ _383\">43.\u2002</span><span class=\"_ _6\"></span>Other reserves<span class=\"_ _383\"> </span></div><div class=\"t m0 hd ff1 fs7 fc3 sc0 ls11 ws2 gs76f\">The Group<span class=\"_ _8\"></span>\u2019<span class=\"_ _6\"></span>s other reserves ar<span class=\"_ _6\"></span>e as follow<span class=\"_ _6\"></span>s:<span class=\"_ _383\"> </span></div><div class=\"t m0 h3a ff2 fs5 fc3 sc0 lse ws71 gs770\">2022<span class=\"_ _383\"> </span></div><div class=\"t m0 h3a ff2 fs5 fc3 sc0 lse ws71 gs771\">\u00a3m<span class=\"_ _383\"> </span></div><div class=\"t m0 h8 ff1 fs5 fc3 sc0 lse ws71 gs772\">2021<span class=\"_ _383\"> </span></div><div class=\"t m0 h8 ff1 fs5 fc3 sc0 lse ws71 gs773\">\u00a3m<span class=\"_ _383\"> </span></div><div class=\"t m0 hd ff1 fs7 fc3 sc0 ls11 ws2 gs774\">Share-based payment<span class=\"_ _2ef\"> </span><span class=\"ff2 ls14 ws11\">13.2<span class=\"_ _37\"> </span></span><span class=\"lsd7 wsd7\">1<span class=\"_ _1\"></span>3<span class=\"_ _2\"></span>.4<span class=\"_ _383\"> </span></span></div><div class=\"t m0 hd ff1 fs7 fc3 sc0 ls11 ws2 gs775\">Capital redemption &amp; tr<span class=\"_ _6\"></span>ansfer<span class=\"_ _1e8\"> </span><span class=\"ff2 lse3 wse7\">(1,35<span class=\"_ _1\"></span>5.<span class=\"_ _6\"></span>1)<span class=\"_ _aa\"> </span><span class=\"ff1 ls12 wsf\">(1,<span class=\"_ _1\"></span>35<span class=\"_ _1\"></span>5.<span class=\"_ _1\"></span>3)<span class=\"_ _383\"> </span></span></span></div><div class=\"t m0 hd ff1 fs7 fc3 sc0 ls11 ws2 gs776\">Own shares<span class=\"_ _238\"> </span><span class=\"ff2 ls1c wsb5\">(2.<span class=\"_ _1\"></span>2)<span class=\"_ _9d\"> </span></span><span class=\"lscc wscd\">(3<span class=\"_ _1\"></span>.5<span class=\"_ _1\"></span>)<span class=\"_ _383\"> </span></span></div><div class=\"t m0 hd ff1 fs7 fc3 sc0 ls11 ws6e gs777\">FVOCI<span class=\"_ _2f0\"> </span><span class=\"ff2\">0.3<span class=\"_ _15e\"> </span></span><span class=\"ls9f wsbc\">0.6<span class=\"_ _383\"> </span></span></div><div class=\"t m0 hd ff1 fs7 fc3 sc0 ls11 ws2 gs778\">Foreign ex<span class=\"_ _6\"></span>change<span class=\"_ _2f1\"> </span><span class=\"ff2 ls1e ws43\">(1.<span class=\"_ _1\"></span>3)<span class=\"_ _b2\"> </span></span><span class=\"lsed wsf2\">(<span class=\"_ _1\"></span>1<span class=\"_ _1\"></span>.1<span class=\"_ _1\"></span>)<span class=\"_ _383\"> </span></span></div><div class=\"t m0 hd ff1 fs7 fc3 sc0 ls11 ws2 gs779\">A<span class=\"_ _8\"></span>T1 securities<span class=\"_ _2db\"> </span><span class=\"ff2 ls7e ws16\">15<span class=\"_ _1\"></span>0.0<span class=\"_ _18d\"> </span></span><span class=\"ls9f wsbc\">150.0</span></div><div class=\"t m0 hd ff1 fs7 fc3 sc0 ls2 ws2 gs77a\"> <span class=\"_ _2f2\"> </span><span class=\"ff2 lse3 wse7\">(1,<span class=\"_ _8\"></span>195.1)<span class=\"_ _66\"> </span><span class=\"ff1 ls86 wsf1\">(<span class=\"_ _2\"></span>1<span class=\"_ _1\"></span>,1<span class=\"_ _1\"></span>9<span class=\"_ _1\"></span>5<span class=\"_ _2\"></span>.9<span class=\"_ _1\"></span>)<span class=\"_ _383\"> </span></span></span></div><div class=\"t m0 hc ff2 fs7 fc3 sc0 ls2f ws2c gs77b\">Capit<span class=\"_ _6\"></span>al redempt<span class=\"_ _6\"></span>ion and<span class=\"_ _6\"></span> transfer<span class=\"_ _6\"></span> reserve<span class=\"_ _383\"> </span></div><div class=\"t m0 hd ff1 fs7 fc3 sc0 ls11 ws2 gs77c\">The capital redemption r<span class=\"_ _6\"></span>eserve repr<span class=\"_ _6\"></span>esents the shares cancelled thr<span class=\"_ _6\"></span>ough the Group<span class=\"_ _8\"></span>\u2019<span class=\"_ _6\"></span>s share r<span class=\"_ _6\"></span>epurchase progr<span class=\"_ _6\"></span>amme. </div><div class=\"t m0 hd ff1 fs7 fc3 sc0 ls11 ws2 gs77d\">On 27 Nov<span class=\"_ _6\"></span>ember 202<span class=\"_ _6\"></span>0, a ne<span class=\"_ _6\"></span>w ultimate paren<span class=\"_ _6\"></span>t company was inserted into the Gr<span class=\"_ _6\"></span>oup, being OSB<span class=\"_ _6\"></span>G. The shar<span class=\"_ _6\"></span>e capital gener<span class=\"_ _6\"></span>ated from issuing </div><div class=\"t m0 hd ff1 fs7 fc3 sc0 ls11 ws2 gs77e\">447<span class=\"_ _9\"></span>,304<span class=\"_ _6\"></span>,<span class=\"_ _8\"></span>198 nominal shares at \u00a33.<span class=\"_ _8\"></span>04 per share, replacing the nominal shar<span class=\"_ _6\"></span>es of \u00a30<span class=\"_ _6\"></span>.<span class=\"_ _6\"></span>01 in OSB pre<span class=\"_ _8\"></span>viously recognised in share capital at the </div><div class=\"t m0 hd ff1 fs7 fc3 sc0 ls11 ws2 gs77f\">consolidation lev<span class=\"_ _6\"></span>el, created a tr<span class=\"_ _6\"></span>ansfer reserve o<span class=\"_ _6\"></span>f \u00a31,355.3m. </div><div class=\"t m0 hc ff2 fs7 fc3 sc0 ls2 ws2 gs780\">Own s<span class=\"_ _1\"></span>hare<span class=\"_ _1\"></span>s<span class=\"_ _383\"> </span></div><div class=\"t m0 hd ff1 fs7 fc3 sc0 ls11 ws2 gs781\">The Company has adopted the look<span class=\"_ _6\"></span>-through appro<span class=\"_ _6\"></span>ach for the EBT<span class=\"_ _1f6\"></span>, including the EBT within the Company. As at 31 December 2022, the EB<span class=\"_ _6\"></span>T held </div><div class=\"t m0 hd ff1 fs7 fc3 sc0 ls11 ws2 gs782\">442,<span class=\"_ _6\"></span>568 OSBG shar<span class=\"_ _6\"></span>es (2021: 848,221 O<span class=\"_ _6\"></span>SBG shares). The Gr<span class=\"_ _6\"></span>oup and Company show these shares as a deduc<span class=\"_ _6\"></span>tion from equity, being the cost at </div><div class=\"t m0 hd ff1 fs7 fc3 sc0 ls11 ws2 gs783\">which the shares w<span class=\"_ _6\"></span>ere acquired o<span class=\"_ _6\"></span>f \u00a32.2m (2<span class=\"_ _6\"></span>021: \u00a33.<span class=\"_ _8\"></span>5m)<span class=\"_ _383\"> </span>.<span class=\"_ _383\"> </span></div><div class=\"t m0 hc ff2 fs7 fc3 sc0 ls2f ws2c gs784\">FVOCI reserve<span class=\"_ _383\"> </span></div><div class=\"t m0 hd ff1 fs7 fc3 sc0 ls11 ws2 gs785\">The FVOCI r<span class=\"_ _6\"></span>eserve represen<span class=\"_ _6\"></span>ts the cumulative ne<span class=\"_ _6\"></span>t change in the fair value of in<span class=\"_ _6\"></span>ves<span class=\"_ _6\"></span>tment securities measured at FV<span class=\"_ _8\"></span>OCI.<span class=\"_ _1\"></span> </div><div class=\"t m0 hc ff2 fs7 fc3 sc0 ls2d ws2a gs786\">Foreign e<span class=\"_ _6\"></span>xchange<span class=\"_ _6\"></span> reser<span class=\"_ _1\"></span>ve<span class=\"_ _383\"> </span></div><div class=\"t m0 hd ff1 fs7 fc3 sc0 ls11 ws2 gs787\">The foreign e<span class=\"_ _6\"></span>xchange reserve r<span class=\"_ _6\"></span>elates to the re<span class=\"_ _8\"></span>valuation of the Group<span class=\"_ _8\"></span>\u2019<span class=\"_ _6\"></span>s Indian subsidiary, OSB India Private Limite<span class=\"_ _6\"></span>d. </div><div class=\"t m0 hc ff2 fs7 fc3 sc0 ls73 ws7a gs788\">A<span class=\"_ _8\"></span>T<span class=\"_ _1\"></span>1 Securities<span class=\"_ _383\"> </span></div><div class=\"t m0 hd ff1 fs7 fc3 sc0 ls11 ws2 gs789\">On 5 October 2021, O<span class=\"_ _6\"></span>SBG issued A<span class=\"_ _8\"></span>T1 securities. A<span class=\"_ _8\"></span>T1 securities comprise \u00a3<span class=\"_ _1\"></span>150.<span class=\"_ _8\"></span>0m of Fixed Rate R<span class=\"_ _6\"></span>esetting Perpetual Subordinat<span class=\"_ _6\"></span>ed Contingent </div><div class=\"t m0 hd ff1 fs7 fc3 sc0 ls11 ws2 gs78a\">Convertible Securities that qualify as A<span class=\"_ _8\"></span>T1 capital under CRD IV<span class=\"_ _8\"></span>. The securities will be subject to full conver<span class=\"_ _6\"></span>sion into or<span class=\"_ _6\"></span>dinary shares of O<span class=\"_ _6\"></span>SBG in </div><div class=\"t m0 hd ff1 fs7 fc3 sc0 ls11 ws2 gs78b\">the ev<span class=\"_ _6\"></span>ent that the Group<span class=\"_ _8\"></span>\u2019<span class=\"_ _8\"></span>s Common Equity Tier 1 (CET1) capital r<span class=\"_ _6\"></span>atio falls below 7%. The securities will pay in<span class=\"_ _6\"></span>teres<span class=\"_ _6\"></span>t at a rate o<span class=\"_ _6\"></span>f 6% per annum </div><div class=\"t m0 hd ff1 fs7 fc3 sc0 ls11 ws2 gs78c\">until the \ufb01rs<span class=\"_ _6\"></span>t reset date o<span class=\"_ _6\"></span>f 7 April 2027<span class=\"_ _9\"></span>, with the reset inter<span class=\"_ _6\"></span>est r<span class=\"_ _6\"></span>ate equal to 539<span class=\"_ _9\"></span>.3 basis points ov<span class=\"_ _6\"></span>er the 5-year Gilt Rate (benchmark gilt) for such </div><div class=\"t m0 hd ff1 fs7 fc3 sc0 ls11 ws2 gs78d\">a period. Inter<span class=\"_ _6\"></span>est is paid semi-annually in April and October<span class=\"_ _1f6\"></span>. OSBG may, at any time, cancel any inter<span class=\"_ _6\"></span>est paymen<span class=\"_ _6\"></span>t at its full discretion and mus<span class=\"_ _6\"></span>t </div><div class=\"t m0 hd ff1 fs7 fc3 sc0 ls11 ws2 gs78e\">cancel interes<span class=\"_ _6\"></span>t payments in certain circums<span class=\"_ _6\"></span>tances speci\ufb01ed in the terms and conditions of the securities. The securities are perpe<span class=\"_ _6\"></span>tual with no \ufb01xed </div><div class=\"t m0 hd ff1 fs7 fc3 sc0 ls11 ws2 gs78f\">redemption date<span class=\"_ _6\"></span>. OSBG may, in it<span class=\"_ _6\"></span>s discretion and subject to satisfying certain conditions, re<span class=\"_ _6\"></span>deem all (but not some) of the A<span class=\"_ _1f6\"></span>T1 securities at the<span class=\"_ _1\"></span> </div><div class=\"t m0 hd ff1 fs7 fc3 sc0 ls11 ws2 gs790\">principal amount outs<span class=\"_ _6\"></span>tanding plus any accrued but unpaid inter<span class=\"_ _6\"></span>est from the \ufb01r<span class=\"_ _6\"></span>st rese<span class=\"_ _6\"></span>t date and on any inter<span class=\"_ _6\"></span>est payment date ther<span class=\"_ _6\"></span>eafter<span class=\"_ _8\"></span>.<span class=\"_ _383\"> </span></div><div class=\"t m0 hc ff2 fs7 fc2 sc0 ls2 ws2 gs792\"><span class=\"_ _383\">44.\u2002Financi</span><span class=\"_ _1\"></span>al com<span class=\"_ _1\"></span>mitm<span class=\"_ _1\"></span>ents an<span class=\"_ _1\"></span>d guar<span class=\"_ _1\"></span>ante<span class=\"_ _1\"></span>es<span class=\"_ _383\"> </span></div><div class=\"t m0 hd ff1 fs7 fc3 sc0 ls11 ws2 gs793\">a) <span class=\"_ _1c4\"> </span>The Group did not have any contr<span class=\"_ _8\"></span>acted or anticipated capital expenditur<span class=\"_ _6\"></span>e commitments not pr<span class=\"_ _6\"></span>ovided for as at 3<span class=\"_ _6\"></span>1 December 2022 (2021: nil). </div><div class=\"t m0 hd ff1 fs7 fc3 sc0 ls11 ws2 gs794\">b) <span class=\"_ _1c4\"> </span>The Group<span class=\"_ _6\"></span>\u2019<span class=\"_ _8\"></span>s minimum lease commitments under operating leases no<span class=\"_ _6\"></span>t subject to IFRS 16 are summarised in the table belo<span class=\"_ _8\"></span>w:<span class=\"_ _383\"> </span></div><div class=\"t m0 h3a ff2 fs5 fc3 sc0 lse ws71 gs795\">2022<span class=\"_ _383\"> </span></div><div class=\"t m0 h3a ff2 fs5 fc3 sc0 lse ws71 gs796\">\u00a3m<span class=\"_ _383\"> </span></div><div class=\"t m0 h8 ff1 fs5 fc3 sc0 lse ws71 gs797\">2021<span class=\"_ _383\"> </span></div><div class=\"t m0 h8 ff1 fs5 fc3 sc0 lse ws71 gs798\">\u00a3m<span class=\"_ _383\"> </span></div><div class=\"t m0 hd ff1 fs7 fc3 sc0 ls11 ws2 gs799\">Land and buildings: due within:<span class=\"_ _60\"> </span><span class=\"ff2 ls2\"> </span></div><div class=\"t m0 hd ff1 fs7 fc3 sc0 ls11 ws2 gs79a\">One year<span class=\"_ _263\"> </span><span class=\"ff2 ws6e\">0.3<span class=\"_ _d9\"> </span></span><span class=\"ls2\">\u2013<span class=\"_ _383\"> </span></span></div><div class=\"t m0 hd ff1 fs7 fc3 sc0 ls11 ws2 gs79b\">T<span class=\"_ _8\"></span>wo to \ufb01ve year<span class=\"_ _6\"></span>s<span class=\"_ _288\"> </span><span class=\"ff2 ws6e\">0.<span class=\"_ _1\"></span>3<span class=\"_ _1cc\"> </span></span><span class=\"ls2\">\u2013</span></div><div class=\"t m0 hd ff1 fs7 fc3 sc0 ls2 ws2 gs79c\"> <span class=\"_ _2f3\"> </span><span class=\"ff2 ls11 ws6e\">0.6<span class=\"_ _d9\"> </span></span>\u2013<span class=\"_ _383\"> </span></div><div class=\"t m0 hd ff1 fs7 fc3 sc0 ls11 ws2 gs79d\">c) <span class=\"_ _21\"> </span>Undrawn loan facilities:<span class=\"_ _383\"> </span></div><div class=\"t m0 h3a ff2 fs5 fc3 sc0 lse ws71 gs79e\">2022<span class=\"_ _383\"> </span></div><div class=\"t m0 h3a ff2 fs5 fc3 sc0 lse ws71 gs79f\">\u00a3m<span class=\"_ _383\"> </span></div><div class=\"t m0 h8 ff1 fs5 fc3 sc0 lse ws71 gs7a0\">2021<span class=\"_ _383\"> </span></div><div class=\"t m0 h8 ff1 fs5 fc3 sc0 lse ws71 gs7a1\">\u00a3m<span class=\"_ _383\"> </span></div><div class=\"t m0 hd ff1 fs7 fc3 sc0 ls11 ws2 gs7a2\">OSB mortgages<span class=\"_ _2f4\"> </span><span class=\"ff2 lse0 wse0\">7<span class=\"_ _1\"></span>41<span class=\"_ _1\"></span>.<span class=\"_ _1\"></span>6<span class=\"_ _3e\"> </span></span><span class=\"lsd7 wsd7\">7<span class=\"_ _1\"></span>0<span class=\"_ _1\"></span>6<span class=\"_ _2\"></span>.4<span class=\"_ _383\"> </span></span></div><div class=\"t m0 hd ff1 fs7 fc3 sc0 ls11 ws2 gs7a3\">CCFS mortgages<span class=\"_ _2f5\"> </span><span class=\"ff2 lsc3 wsc2\">4<span class=\"_ _1\"></span>5<span class=\"_ _1\"></span>5<span class=\"_ _2\"></span>.1<span class=\"_ _91\"> </span></span><span class=\"ls88 wse3\">43<span class=\"_ _1\"></span>4.<span class=\"_ _1\"></span>5<span class=\"_ _383\"> </span></span></div><div class=\"t m0 hd ff1 fs7 fc3 sc0 ls11 ws2 gs7a4\">Asset \ufb01nance<span class=\"_ _236\"> </span><span class=\"ff2 lscd wsce\">15<span class=\"_ _1\"></span>.5<span class=\"_ _37\"> </span></span><span class=\"lsd7 wsd7\">1<span class=\"_ _1\"></span>4<span class=\"_ _1\"></span>.4</span></div><div class=\"t m0 hd ff1 fs7 fc3 sc0 ls2 ws2 gs7a5\"> <span class=\"_ _2f2\"> </span><span class=\"ff2 ls7e ws16\">1,2<span class=\"_ _1\"></span>12.<span class=\"_ _1\"></span>2<span class=\"_ _94\"> </span></span><span class=\"ls9f wsbc\">1,155.3<span class=\"_ _383\"> </span></span></div><div class=\"t m0 hd ff1 fs7 fc3 sc0 ls11 ws2 gs7a6\">Undrawn loan f<span class=\"_ _6\"></span>acilities are appro<span class=\"_ _6\"></span>ved lo<span class=\"_ _6\"></span>an applications which have not yet been e<span class=\"_ _6\"></span>xercised. They ar<span class=\"_ _6\"></span>e payable on demand and are usually dr<span class=\"_ _6\"></span>awn </div><div class=\"t m0 hd ff1 fs7 fc3 sc0 ls11 ws2 gs7a7\">down or e<span class=\"_ _6\"></span>xpire within three mon<span class=\"_ _6\"></span>ths.<span class=\"_ _383\"> </span></div><div class=\"t m0 hd ff1 fs7 fc3 sc0 ls11 ws2 gs7a8\">d) <span class=\"_ _1c4\"> </span>The Group did not have any issued \ufb01nancial guar<span class=\"_ _6\"></span>antees as at 31 December 2022 (<span class=\"_ _6\"></span>2021: nil).<span class=\"_ _383\"> </span></div><div class=\"t m0 hc ff2 fs7 fc2 sc0 ls2 ws2 gs7a9\"><span class=\"_ _383\">45.\u2002Risk m</span><span class=\"_ _1\"></span>anag<span class=\"_ _1\"></span>eme<span class=\"_ _1\"></span>nt<span class=\"_ _383\"> </span></div><div class=\"t m0 hc ff2 fs7 fc3 sc0 lse3 wse7 gs7aa\">Ove<span class=\"_ _1\"></span>r<span class=\"_ _1\"></span>vi<span class=\"_ _1\"></span>ew<span class=\"_ _383\"> </span></div><div class=\"t m0 hd ff1 fs7 fc3 sc0 ls11 ws2 gs7ab\">Financial instrument<span class=\"_ _6\"></span>s form the vas<span class=\"_ _6\"></span>t majority of the Group<span class=\"_ _8\"></span>\u2019<span class=\"_ _8\"></span>s assets and liabilities. The Group manages risk on a consolidated basis and risk </div><div class=\"t m0 hd ff1 fs7 fc3 sc0 ls11 ws2 gs7ac\">disclosures that follo<span class=\"_ _6\"></span>w are pr<span class=\"_ _6\"></span>ovided on this basis<span class=\"_ _6\"></span>.<span class=\"_ _383\"> </span></div><div class=\"t m0 hc ff2 fs7 fc3 sc0 ls2c ws29 gs7ad\">T<span class=\"_ _8\"></span>ype<span class=\"_ _1\"></span>s of \ufb01nancial ins<span class=\"_ _1\"></span>trument<span class=\"_ _383\"> </span></div><div class=\"t m0 hd ff1 fs7 fc3 sc0 ls11 ws2 gs7ae\">Financial instrument<span class=\"_ _6\"></span>s are a broad de<span class=\"_ _6\"></span>\ufb01nition which includes \ufb01nancial assets, \ufb01nancial liabilities and e<span class=\"_ _6\"></span>quity instruments<span class=\"_ _8\"></span>. The main \ufb01nancial assets </div><div class=\"t m0 hd ff1 fs7 fc3 sc0 ls11 ws2 gs7af\">of the Group ar<span class=\"_ _6\"></span>e loans to customer<span class=\"_ _6\"></span>s and liquid assets<span class=\"_ _6\"></span>, which in turn consist of cash in the BoE call accounts<span class=\"_ _8\"></span>, call ac<span class=\"_ _1\"></span>counts with other cre<span class=\"_ _6\"></span>dit </div><div class=\"t m0 hd ff1 fs7 fc3 sc0 ls11 ws2 gs7b0\">institutions<span class=\"_ _6\"></span>, RMBS and UK sov<span class=\"_ _6\"></span>ereign debt. These ar<span class=\"_ _6\"></span>e funded by a combination of \ufb01nancial liabilities and equity instrumen<span class=\"_ _6\"></span>ts. Financial liability </div><div class=\"t m0 hd ff1 fs7 fc3 sc0 ls11 ws2 gs7b1\">funding comes predominantly fr<span class=\"_ _6\"></span>om retail deposits and dr<span class=\"_ _8\"></span>awdowns under the BoE TFSME and IL<span class=\"_ _1f6\"></span>TR, supported by debt securities, wholesale and </div><div class=\"t m0 hd ff1 fs7 fc3 sc0 ls11 ws2 gs7b2\">other funding. Equity instrumen<span class=\"_ _6\"></span>ts include own shar<span class=\"_ _6\"></span>es and A<span class=\"_ _8\"></span>T1 securities meeting the equity classi\ufb01cation criteria. The Group<span class=\"_ _8\"></span>\u2019<span class=\"_ _6\"></span>s main activity is </div><div class=\"t m0 hd ff1 fs7 fc3 sc0 ls11 ws2 gs7b3\">mortgage lending; it raises funds or inv<span class=\"_ _6\"></span>ests in particular types of \ufb01nancial assets t<span class=\"_ _6\"></span>o meet customer demand and manage the risk<span class=\"_ _8\"></span>s arising from its </div><div class=\"t m0 hd ff1 fs7 fc3 sc0 ls11 ws2 gs7b4\">operations<span class=\"_ _6\"></span>. The Group does not tr<span class=\"_ _6\"></span>ade in \ufb01nancial instrument<span class=\"_ _6\"></span>s for speculative purposes<span class=\"_ _6\"></span>.<span class=\"_ _383\"> </span></div><div class=\"t m0 hd ff1 fs7 fc3 sc0 ls11 ws2 gs7b5\">The Group uses derivativ<span class=\"_ _6\"></span>e instrumen<span class=\"_ _6\"></span>ts to manage its \ufb01nancial risk<span class=\"_ _6\"></span>s. Deriv<span class=\"_ _6\"></span>ative \ufb01nancial instrumen<span class=\"_ _6\"></span>ts (<span class=\"_ _6\"></span>derivatives) ar<span class=\"_ _6\"></span>e \ufb01nancial instrument<span class=\"_ _6\"></span>s whose </div><div class=\"t m0 hd ff1 fs7 fc3 sc0 ls11 ws2 gs7b6\">value changes in response to changes in underlying v<span class=\"_ _6\"></span>ariables such as inter<span class=\"_ _6\"></span>est rat<span class=\"_ _6\"></span>es. The mos<span class=\"_ _6\"></span>t common derivatives ar<span class=\"_ _6\"></span>e futures<span class=\"_ _6\"></span>, forwar<span class=\"_ _6\"></span>ds and </div><div class=\"t m0 hd ff1 fs7 fc3 sc0 ls11 ws2 gs7b7\">sw<span class=\"_ _6\"></span>aps. Of these<span class=\"_ _6\"></span>, the Group only uses sw<span class=\"_ _8\"></span>aps. </div><div class=\"t m0 hd ff1 fs7 fc3 sc0 ls11 ws2 gs7b8\">Derivatives ar<span class=\"_ _6\"></span>e used by the Group solely to r<span class=\"_ _6\"></span>educe (hedge) the risk of loss arising fr<span class=\"_ _6\"></span>om changes in mark<span class=\"_ _8\"></span>et rates. Derivativ<span class=\"_ _6\"></span>es are not used f<span class=\"_ _6\"></span>or </div><div class=\"t m0 hd ff1 fs7 fc3 sc0 ls11 ws2 gs7b9\">speculative purposes<span class=\"_ _6\"></span>.<span class=\"_ _383\"> </span></div><div class=\"t m0 hc ff2 fs7 fc3 sc0 ls2 ws2 gs7ba\">T<span class=\"_ _8\"></span>yp<span class=\"_ _1\"></span>es o<span class=\"_ _1\"></span>f deri<span class=\"_ _1\"></span>vatives an<span class=\"_ _1\"></span>d us<span class=\"_ _1\"></span>es<span class=\"_ _383\"> </span></div><div class=\"t m0 hd ff1 fs7 fc3 sc0 ls11 ws2 gs7bb\">The derivative ins<span class=\"_ _6\"></span>truments used by the Gr<span class=\"_ _6\"></span>oup in managing its risk exposur<span class=\"_ _6\"></span>es are int<span class=\"_ _6\"></span>erest r<span class=\"_ _6\"></span>ate sw<span class=\"_ _6\"></span>aps. In<span class=\"_ _6\"></span>teres<span class=\"_ _6\"></span>t rate s<span class=\"_ _6\"></span>waps conv<span class=\"_ _8\"></span>er<span class=\"_ _1\"></span>t \ufb01xed inter<span class=\"_ _6\"></span>est </div><div class=\"t m0 hd ff1 fs7 fc3 sc0 ls11 ws2 gs7bc\">rates t<span class=\"_ _6\"></span>o \ufb02oating or vice versa. As with other deriv<span class=\"_ _6\"></span>atives<span class=\"_ _6\"></span>, the underlying product is not sold and paymen<span class=\"_ _6\"></span>ts are based on notional principal amoun<span class=\"_ _6\"></span>ts. </div><div class=\"t m0 hd ff1 fs7 fc3 sc0 ls11 ws2 gs7bd\">Unhedged \ufb01xed r<span class=\"_ _6\"></span>ate liabilities creat<span class=\"_ _6\"></span>e the risk of paying abov<span class=\"_ _6\"></span>e-the-mark<span class=\"_ _8\"></span>et rate if inter<span class=\"_ _6\"></span>est r<span class=\"_ _6\"></span>ates subsequently decrease<span class=\"_ _6\"></span>. Unhedged \ufb01xe<span class=\"_ _6\"></span>d rate </div><div class=\"t m0 hd ff1 fs7 fc3 sc0 ls11 ws2 gs7be\">mortgages and liquid assets bear the opposite risk of income below<span class=\"_ _8\"></span>-the-marke<span class=\"_ _6\"></span>t rate when r<span class=\"_ _6\"></span>ates go up. While \ufb01x<span class=\"_ _6\"></span>ed rate asse<span class=\"_ _6\"></span>ts and liabilities </div><div class=\"t m0 hd ff1 fs7 fc3 sc0 ls11 ws2 gs7bf\">naturally hedge each other t<span class=\"_ _6\"></span>o a certain extent, this hedge is usually ne<span class=\"_ _6\"></span>ver perfect because of maturity mismatches and principal amoun<span class=\"_ _6\"></span>ts.<span class=\"_ _383\"> </span></div><div class=\"t m0 hd ff1 fs7 fc3 sc0 ls2 ws2 gs7c0\">The Group uses sw<span class=\"_ _8\"></span>aps to convert its instruments<span class=\"_ _8\"></span>, such as mor<span class=\"_ _1\"></span>tgages, deposits and liquid assets<span class=\"_ _8\"></span>, from \ufb01xed or base rat<span class=\"_ _6\"></span>e-link<span class=\"_ _6\"></span>ed rates t<span class=\"_ _6\"></span>o </div><div class=\"t m0 hd ff1 fs7 fc3 sc0 ls2 ws2 gs7c1\">ref<span class=\"_ _6\"></span>erence link<span class=\"_ _8\"></span>ed variable rates<span class=\"_ _6\"></span>. This ensures a guaran<span class=\"_ _6\"></span>teed margin betw<span class=\"_ _8\"></span>e<span class=\"_ _1\"></span>en the interes<span class=\"_ _6\"></span>t income and inter<span class=\"_ _6\"></span>est expense<span class=\"_ _6\"></span>, regar<span class=\"_ _6\"></span>dless of changes in </div><div class=\"t m0 hd ff1 fs7 fc3 sc0 ls2 ws2 gs7c2\">the mark<span class=\"_ _6\"></span>et r<span class=\"_ _6\"></span>ates.<span class=\"_ _383\"> </span></div><div class=\"t m0 hc ff2 fs7 fc3 sc0 ls2 ws2 gs7c3\">T<span class=\"_ _8\"></span>yp<span class=\"_ _1\"></span>es o<span class=\"_ _1\"></span>f risk<span class=\"_ _383\"> </span></div><div class=\"t m0 hd ff1 fs7 fc3 sc0 ls11 ws2 gs7c4\">The principal \ufb01nancial risk<span class=\"_ _6\"></span>s to which the Group is expose<span class=\"_ _6\"></span>d are credit, liquidity and mark<span class=\"_ _8\"></span>et risk<span class=\"_ _6\"></span>s, the latter comprising int<span class=\"_ _6\"></span>erest and e<span class=\"_ _6\"></span>xchange r<span class=\"_ _6\"></span>ate </div><div class=\"t m0 hd ff1 fs7 fc3 sc0 ls11 ws2 gs7c5\">risk. In addition to \ufb01nancial risk<span class=\"_ _8\"></span>s, the Group is expose<span class=\"_ _6\"></span>d to various other risk<span class=\"_ _6\"></span>s, mos<span class=\"_ _6\"></span>t notably oper<span class=\"_ _6\"></span>ational, conduct and compliance/<span class=\"_ _8\"></span>regulatory, </div><div class=\"t m0 hd ff1 fs7 fc3 sc0 ls11 ws2 gs7c6\">which are cov<span class=\"_ _6\"></span>ered in the Risk r<span class=\"_ _6\"></span>evie<span class=\"_ _6\"></span>w on pages 52-<span class=\"_ _8\"></span>75. </div><div class=\"t m0 hc ff2 fs7 fc2 sc0 ls2 ws2 gs7c8\"><span class=\"_ _383\">45.\u2002Risk m</span><span class=\"_ _1\"></span>anag<span class=\"_ _1\"></span>eme<span class=\"_ _1\"></span>nt<span class=\"ff5 lsd4 ws46\"> co<span class=\"_ _1\"></span>ntinued<span class=\"_ _383\"> </span></span></div><div class=\"t m0 hc ff2 fs7 fc3 sc0 ls7d wse2 gs7c9\">Cre<span class=\"_ _1\"></span>dit ri<span class=\"_ _1\"></span>sk<span class=\"_ _383\"> </span></div><div class=\"t m0 hd ff1 fs7 fc3 sc0 ls11 ws2 gs7ca\">Credit risk is the risk that losses may arise as a result o<span class=\"_ _6\"></span>f the Group<span class=\"_ _8\"></span>\u2019<span class=\"_ _6\"></span>s borro<span class=\"_ _6\"></span>wer<span class=\"_ _6\"></span>s or mark<span class=\"_ _6\"></span>et counterparties failing to meet their obligations to r<span class=\"_ _6\"></span>epay.<span class=\"_ _383\"> </span></div><div class=\"t m0 hd ff1 fs7 fc3 sc0 ls11 ws2 gs7cb\">The Group has adopted the S<span class=\"_ _6\"></span>tandardised Appr<span class=\"_ _6\"></span>oach for assessment o<span class=\"_ _6\"></span>f credit risk re<span class=\"_ _6\"></span>gulatory capital requir<span class=\"_ _6\"></span>ements<span class=\"_ _6\"></span>. This approach considers risk </div><div class=\"t m0 hd ff1 fs7 fc3 sc0 ls11 ws2 gs7cc\">weigh<span class=\"_ _6\"></span>tings as de\ufb01ned under Basel II and Basel III principles.<span class=\"_ _383\"> </span></div><div class=\"t m0 hd ff1 fs7 fc3 sc0 ls11 ws2 gs7cd\">The classes of \ufb01nancial instrumen<span class=\"_ _6\"></span>ts to which the Group is mos<span class=\"_ _6\"></span>t exposed ar<span class=\"_ _6\"></span>e loans and advances to customer<span class=\"_ _6\"></span>s, lo<span class=\"_ _6\"></span>ans and advances to credit </div><div class=\"t m0 hd ff1 fs7 fc3 sc0 ls11 ws2 gs7ce\">institutions<span class=\"_ _6\"></span>, cash in the BoE call account, call and current account<span class=\"_ _6\"></span>s with other credit ins<span class=\"_ _6\"></span>titutions and inv<span class=\"_ _6\"></span>estment securities<span class=\"_ _6\"></span>. The maximum credit </div><div class=\"t m0 hd ff1 fs7 fc3 sc0 ls11 ws2 gs7cf\">risk exposure e<span class=\"_ _6\"></span>quals the total carrying amount o<span class=\"_ _6\"></span>f the abov<span class=\"_ _6\"></span><span class=\"_ _383\">e categories plus off-balance sheet undra</span><span class=\"_ _6\"></span>wn committed mortgage facilities.<span class=\"_ _383\"> </span></div><div class=\"t m0 hd ff1 fs7 fc3 sc0 ls11 ws2 gs7d0\">The change, during the period and cumulativ<span class=\"_ _6\"></span>ely, in the fair value o<span class=\"_ _6\"></span>f inves<span class=\"_ _6\"></span>tments in debt securities and loans and adv<span class=\"_ _6\"></span>ances to customer<span class=\"_ _6\"></span>s at FVOCI </div><div class=\"t m0 hd ff1 fs7 fc3 sc0 ls11 ws2 gs7d1\">and FV<span class=\"_ _1\"></span>TPL that is attributable to changes in cre<span class=\"_ _6\"></span>dit risk is not material.<span class=\"_ _383\"> </span></div><div class=\"t m0 hc ff2 fs7 fc3 sc0 ls2 ws2 gs7d2\">Cre<span class=\"_ _1\"></span>dit risk \u2013 l<span class=\"_ _1\"></span>oans a<span class=\"_ _1\"></span>nd ad<span class=\"_ _1\"></span>vance<span class=\"_ _1\"></span>s to cu<span class=\"_ _1\"></span>stom<span class=\"_ _1\"></span>er<span class=\"_ _1\"></span>s<span class=\"_ _383\"> </span></div><div class=\"t m0 hd ff1 fs7 fc3 sc0 ls11 ws2 gs7d3\">Credit risk associated with mortgage lending is largely driv<span class=\"_ _6\"></span>en by the housing mark<span class=\"_ _8\"></span>et and level of unemploymen<span class=\"_ _6\"></span>t. A recession and/<span class=\"_ _1f6\"></span>or high inter<span class=\"_ _6\"></span>est </div><div class=\"t m0 hd ff1 fs7 fc3 sc0 ls11 ws2 gs7d4\">rates could cause pr<span class=\"_ _6\"></span>essure within the mark<span class=\"_ _8\"></span>et, resulting in rising lev<span class=\"_ _6\"></span>els of arrear<span class=\"_ _6\"></span>s and repossessions<span class=\"_ _6\"></span>.<span class=\"_ _383\"> </span></div><div class=\"t m0 hd ff1 fs7 fc3 sc0 ls11 ws2 gs7d5\">All loan applications are assessed with r<span class=\"_ _6\"></span>efer<span class=\"_ _6\"></span>ence to the Group<span class=\"_ _8\"></span>\u2019<span class=\"_ _6\"></span>s Lending Policy. Changes to the policy ar<span class=\"_ _6\"></span>e appro<span class=\"_ _6\"></span>ved by the Gr<span class=\"_ _6\"></span>oup Risk </div><div class=\"t m0 hd ff1 fs7 fc3 sc0 ls11 ws2 gs7d6\">Committee, with mandates set f<span class=\"_ _6\"></span>or the approv<span class=\"_ _6\"></span>al of loan applications<span class=\"_ _6\"></span>.<span class=\"_ _383\"> </span></div><div class=\"t m0 hd ff1 fs7 fc3 sc0 ls11 ws2 gs7d7\">The Group Credit Committee and AL<span class=\"_ _8\"></span>CO regularly monitor lending activity, t<span class=\"_ _6\"></span>aking appropriate actions to r<span class=\"_ _6\"></span>eprice products and adjus<span class=\"_ _6\"></span>t lending </div><div class=\"t m0 hd ff1 fs7 fc3 sc0 ls11 ws2 gs7d8\">criteria in order t<span class=\"_ _6\"></span>o control risk and manage exposur<span class=\"_ _6\"></span>e. Wher<span class=\"_ _6\"></span>e necessary and appropriate, changes t<span class=\"_ _6\"></span>o the Lending Policy are r<span class=\"_ _6\"></span>ecommended to the </div><div class=\"t m0 hd ff1 fs7 fc3 sc0 ls11 ws2 gs7d9\">Group Risk Committee.<span class=\"_ _383\"> </span></div><div class=\"t m0 hd ff1 fs7 fc3 sc0 ls11 ws46 gs7da\">The following t<span class=\"_ _6\"></span>ables show the Gr<span class=\"_ _6\"></span>oup<span class=\"_ _6\"></span>\u2019<span class=\"_ _8\"></span>s maximum exposure to cr<span class=\"_ _6\"></span>edit risk and the impact of collater<span class=\"_ _6\"></span>al held as security, capped at the gross exposur<span class=\"_ _6\"></span>e </div><div class=\"t m0 hd ff1 fs7 fc3 sc0 ls11 ws2 gs7db\">amount, by impairment s<span class=\"_ _6\"></span>tage. Cappe<span class=\"_ _6\"></span>d collateral ex<span class=\"_ _6\"></span>cludes the impact of for<span class=\"_ _6\"></span>ced sale discounts and costs t<span class=\"_ _6\"></span>o sell. The collateral value is det<span class=\"_ _6\"></span>ermined </div><div class=\"t m0 hd ff1 fs7 fc3 sc0 ls11 ws2 gs7dc\">by indexing against House Price Inde<span class=\"_ _6\"></span>x data.<span class=\"_ _383\"> </span></div><div class=\"t m0 h3a ff2 fs5 fc3 sc0 lse ws71 gs7dd\">2022<span class=\"_ _383\"> </span></div><div class=\"t m0 h3a ff2 fs5 fc3 sc0 ls125 ws135 gs7de\">OSB<span class=\"_ _a0\"> </span><span class=\"ls62 ws187\">CCFS<span class=\"_ _a8\"> </span><span class=\"lsc2 wsc1\">Tot<span class=\"_ _2\"></span>a<span class=\"_ _1\"></span>l<span class=\"_ _383\"> </span></span></span></div><div class=\"t m0 h3a ff2 fs5 fc3 sc0 ls23 ws2 gs7df\">Gross carrying </div><div class=\"t m0 h3a ff2 fs5 fc3 sc0 ls23 ws20 gs7e0\">amount<span class=\"_ _383\"> </span></div><div class=\"t m0 h3a ff2 fs5 fc3 sc0 ls23 ws20 gs7e1\">\u00a3m<span class=\"_ _383\"> </span></div><div class=\"t m0 h3a ff2 fs5 fc3 sc0 lse ws71 gs7e2\">Capped </div><div class=\"t m0 h3a ff2 fs5 fc3 sc0 lse ws2 gs7e3\">collateral held<span class=\"_ _383\"> </span></div><div class=\"t m0 h3a ff2 fs5 fc3 sc0 lse ws71 gs7e4\">\u00a3m<span class=\"_ _383\"> </span></div><div class=\"t m0 h3a ff2 fs5 fc3 sc0 ls23 ws2 gs7e5\">Gross carrying </div><div class=\"t m0 h3a ff2 fs5 fc3 sc0 ls23 ws20 gs7e6\">amount<span class=\"_ _383\"> </span></div><div class=\"t m0 h3a ff2 fs5 fc3 sc0 ls23 ws20 gs7e7\">\u00a3m<span class=\"_ _383\"> </span></div><div class=\"t m0 h3a ff2 fs5 fc3 sc0 lse ws71 gs7e8\">Capped </div><div class=\"t m0 h3a ff2 fs5 fc3 sc0 lse ws2 gs7e9\">collateral held<span class=\"_ _383\"> </span></div><div class=\"t m0 h3a ff2 fs5 fc3 sc0 lse ws71 gs7ea\">\u00a3m<span class=\"_ _383\"> </span></div><div class=\"t m0 h3a ff2 fs5 fc3 sc0 ls23 ws2 gs7eb\">Gross carrying </div><div class=\"t m0 h3a ff2 fs5 fc3 sc0 ls23 ws20 gs7ec\">amount<span class=\"_ _383\"> </span></div><div class=\"t m0 h3a ff2 fs5 fc3 sc0 ls23 ws20 gs7ed\">\u00a3m<span class=\"_ _383\"> </span></div><div class=\"t m0 h3a ff2 fs5 fc3 sc0 lse ws71 gs7ee\">Capped </div><div class=\"t m0 h3a ff2 fs5 fc3 sc0 lse ws2 gs7ef\">collateral held<span class=\"_ _383\"> </span></div><div class=\"t m0 h3a ff2 fs5 fc3 sc0 lse ws71 gs7f0\">\u00a3m<span class=\"_ _383\"> </span></div><div class=\"t m0 hd ff1 fs7 fc3 sc0 ls11 ws2 gs7f1\">Stage 1<span class=\"_ _29\"> </span><span class=\"ff2 ls79 wse8\">10,3<span class=\"_ _1\"></span>46.8<span class=\"_ _202\"> </span><span class=\"ls81 wsdf\">1<span class=\"_ _1\"></span>0<span class=\"_ _1\"></span>,<span class=\"_ _1\"></span>3<span class=\"_ _1\"></span>2<span class=\"_ _1\"></span>0.4<span class=\"_ _66\"> </span><span class=\"lsf9 ws82\">8,375.5<span class=\"_ _6c\"> </span>8,374<span class=\"_ _6\"></span>.4<span class=\"_ _202\"> </span><span class=\"ls33 ws30\">1<span class=\"_ _1\"></span>8<span class=\"_ _1\"></span>,72<span class=\"_ _1\"></span>2<span class=\"_ _1\"></span>.<span class=\"_ _1\"></span>3<span class=\"_ _67\"> </span><span class=\"ls11 ws6e\">18,69<span class=\"_ _1\"></span>4.8<span class=\"_ _383\"> </span></span></span></span></span></span></div><div class=\"t m0 hd ff1 fs7 fc3 sc0 ls11 ws2 gs7f2\">Stage 2<span class=\"_ _383\"> </span></div><div class=\"t m0 h1f ff1 fsf fc3 sc0 ls2 ws2 gs7f3\">1<span class=\"_ _383\"> </span></div><div class=\"t m0 hc ff2 fs7 fc3 sc0 lsc6 wsc5 gs7f4\">2<span class=\"_ _2\"></span>,<span class=\"_ _2\"></span>5<span class=\"_ _1\"></span>0<span class=\"_ _2\"></span>9.<span class=\"_ _2\"></span>7<span class=\"_ _89\"> </span><span class=\"ls2c ws29\">2,508.5<span class=\"_ _40\"> </span><span class=\"lsc4 wsc3\">1<span class=\"_ _0\"></span>,<span class=\"_ _1\"></span>9<span class=\"_ _0\"> </span>0<span class=\"_ _0\"></span>7.<span class=\"_ _2\"></span>4<span class=\"_ _7d\"> </span>1<span class=\"_ _0\"></span>,<span class=\"_ _1\"></span>9<span class=\"_ _0\"> </span>0<span class=\"_ _0\"></span>7.<span class=\"_ _1\"></span>1<span class=\"_ _122\"> </span>4<span class=\"_ _2\"></span>,<span class=\"_ _2\"></span>4<span class=\"_ _2\"></span>1<span class=\"_ _2\"></span>7.<span class=\"_ _2\"></span>1<span class=\"_ _40\"> </span><span class=\"lse0 wse0\">4,41<span class=\"_ _1\"></span>5<span class=\"_ _1\"></span>.<span class=\"_ _1\"></span>6<span class=\"_ _383\"> </span></span></span></span></div><div class=\"t m0 hd ff1 fs7 fc3 sc0 ls11 ws2 gs7f5\">Stage 3<span class=\"_ _d1\"> </span><span class=\"ff2 lsc6 wsc5\">3<span class=\"_ _2\"></span>4<span class=\"_ _2\"></span>9.<span class=\"_ _1\"></span>7<span class=\"_ _18d\"> </span>3<span class=\"_ _2\"></span>1<span class=\"_ _1\"></span>9.<span class=\"_ _0\"></span>2<span class=\"_ _5a\"> </span><span class=\"ls7e ws16\">15<span class=\"_ _1\"></span>6.0<span class=\"_ _a9\"> </span>1<span class=\"_ _1\"></span>56.0<span class=\"_ _98\"> </span><span class=\"lscd wsce\">505<span class=\"_ _1\"></span>.7<span class=\"_ _98\"> </span><span class=\"lsca wsca\">47<span class=\"_ _1\"></span>5<span class=\"_ _1\"></span>.<span class=\"_ _2\"></span>2<span class=\"_ _383\"> </span></span></span></span></span></div><div class=\"t m0 hd ff1 fs7 fc3 sc0 ls11 ws2 gs7f6\">Stage 3 (POCI)<span class=\"_ _291\"> </span><span class=\"ff2 ls6f ws75\">38.5<span class=\"_ _55\"> </span><span class=\"lsc4 wsc3\">3<span class=\"_ _2\"></span>7.<span class=\"_ _0\"></span>5<span class=\"_ _96\"> </span><span class=\"ls11 ws6e\">44.5<span class=\"_ _93\"> </span><span class=\"ls81 wsdf\">4<span class=\"_ _1\"></span>4<span class=\"_ _1\"></span>.4<span class=\"_ _93\"> </span><span class=\"ls7e ws16\">83.0<span class=\"_ _4f\"> </span><span class=\"ls14 ws11\">81.9</span></span></span></span></span></span></div><div class=\"t m0 hd ff1 fs7 fc3 sc0 ls2 ws2 gs7f7\"> <span class=\"_ _2a8\"> </span><span class=\"ff2 ls14 ws11\">13,2<span class=\"_ _1\"></span>44.7<span class=\"_ _aa\"> </span>13<span class=\"_ _1\"></span>,<span class=\"_ _6\"></span>185.6<span class=\"_ _1fe\"> </span><span class=\"ls81 wsdf\">1<span class=\"_ _1\"></span>0,<span class=\"_ _1\"></span>48<span class=\"_ _2\"></span>3.4<span class=\"_ _88\"> </span></span>10,481.<span class=\"_ _6\"></span>9<span class=\"_ _67\"> </span><span class=\"lsc3 wsc2\">2<span class=\"_ _2\"></span>3<span class=\"_ _1\"></span>,<span class=\"_ _2\"></span>72<span class=\"_ _2\"></span>8<span class=\"_ _1\"></span>.1<span class=\"_ _1fe\"> </span><span class=\"lsc4 wsc3\">2<span class=\"_ _0\"> </span>3<span class=\"_ _0\"> </span>,<span class=\"_ _0\"> </span>6<span class=\"_ _0\"> </span>6<span class=\"_ _2\"></span>7.<span class=\"_ _0\"></span>5<span class=\"_ _383\"> </span></span></span></span></div><div class=\"t m0 h8 ff1 fs5 fc3 sc0 ls2 ws2 gs7f8\">1. <span class=\"_ _41\"> </span>Fo<span class=\"_ _1\"></span>r fur<span class=\"_ _1\"></span>t<span class=\"_ _1\"></span>he<span class=\"_ _1\"></span>r de<span class=\"_ _1\"></span>tai<span class=\"_ _1\"></span>l re<span class=\"_ _1\"></span>lat<span class=\"_ _1\"></span>ing t<span class=\"_ _1\"></span>o mov<span class=\"_ _1\"></span>em<span class=\"_ _1\"></span>en<span class=\"_ _1\"></span>ts b<span class=\"_ _1\"></span>y sta<span class=\"_ _1\"></span>ge s<span class=\"_ _1\"></span>e<span class=\"_ _1\"></span>e Ris<span class=\"_ _1\"></span>k re<span class=\"_ _1\"></span>vi<span class=\"_ _1\"></span>ew o<span class=\"_ _1\"></span>n pa<span class=\"_ _1\"></span>ge<span class=\"_ _1\"></span>s 52-<span class=\"_ _8\"></span>7<span class=\"_ _1\"></span>5.<span class=\"_ _383\"> </span></div><div class=\"t m0 h8 ff1 fs5 fc3 sc0 lse ws71 gs7f9\">2021<span class=\"_ _383\"> </span></div><div class=\"t m0 h8 ff1 fs5 fc3 sc0 ls69 ws70 gs7fa\">OSB<span class=\"_ _2f6\"> </span><span class=\"lse ws71\">CCFS<span class=\"_ _2f7\"> </span><span class=\"lse1 wse5\">To<span class=\"_ _1\"></span>t<span class=\"_ _2\"></span>a<span class=\"_ _1\"></span>l<span class=\"_ _383\"> </span></span></span></div><div class=\"t m0 h8 ff1 fs5 fc3 sc0 lse ws2 gs7fb\">Gross carrying </div><div class=\"t m0 h8 ff1 fs5 fc3 sc0 lse ws71 gs7fc\">amount<span class=\"_ _383\"> </span></div><div class=\"t m0 h8 ff1 fs5 fc3 sc0 lse ws71 gs7fd\">\u00a3m<span class=\"_ _383\"> </span></div><div class=\"t m0 h8 ff1 fs5 fc3 sc0 lse ws71 gs7fe\">Capped </div><div class=\"t m0 h8 ff1 fs5 fc3 sc0 lse ws2 gs7ff\">collateral held<span class=\"_ _383\"> </span></div><div class=\"t m0 h8 ff1 fs5 fc3 sc0 lse ws71 gs800\">\u00a3m<span class=\"_ _383\"> </span></div><div class=\"t m0 h8 ff1 fs5 fc3 sc0 lse ws2 gs801\">Gross carrying </div><div class=\"t m0 h8 ff1 fs5 fc3 sc0 lse ws71 gs802\">amount<span class=\"_ _383\"> </span></div><div class=\"t m0 h8 ff1 fs5 fc3 sc0 lse ws71 gs803\">\u00a3m<span class=\"_ _383\"> </span></div><div class=\"t m0 h8 ff1 fs5 fc3 sc0 lse ws71 gs804\">Capped </div><div class=\"t m0 h8 ff1 fs5 fc3 sc0 lse ws2 gs805\">collateral held<span class=\"_ _383\"> </span></div><div class=\"t m0 h8 ff1 fs5 fc3 sc0 lse ws71 gs806\">\u00a3m<span class=\"_ _383\"> </span></div><div class=\"t m0 h8 ff1 fs5 fc3 sc0 lse ws2 gs807\">Gross carrying </div><div class=\"t m0 h8 ff1 fs5 fc3 sc0 lse ws71 gs808\">amount<span class=\"_ _383\"> </span></div><div class=\"t m0 h8 ff1 fs5 fc3 sc0 lse ws71 gs809\">\u00a3m<span class=\"_ _383\"> </span></div><div class=\"t m0 h8 ff1 fs5 fc3 sc0 lse ws71 gs80a\">Capped </div><div class=\"t m0 h8 ff1 fs5 fc3 sc0 lse ws2 gs80b\">collateral held<span class=\"_ _383\"> </span></div><div class=\"t m0 h8 ff1 fs5 fc3 sc0 lse ws71 gs80c\">\u00a3m<span class=\"_ _383\"> </span></div><div class=\"t m0 hd ff1 fs7 fc3 sc0 ls11 ws2 gs80d\">Stage 1<span class=\"_ _2b3\"> </span><span class=\"lse3 wse7\">10,502<span class=\"_ _1\"></span>.7<span class=\"_ _6e\"> </span><span class=\"lsee wsf3\">1<span class=\"_ _2\"></span>0<span class=\"_ _1\"></span>,47<span class=\"_ _1\"></span>8<span class=\"_ _2\"></span>.1<span class=\"_ _a1\"> </span><span class=\"lsc8 wsc8\">7,<span class=\"_ _0\"></span>6<span class=\"_ _0\"> </span>8<span class=\"_ _3\"> </span>5<span class=\"_ _0\"></span>.<span class=\"_ _2\"></span>7<span class=\"_ _76\"> </span>7,<span class=\"_ _0\"></span>6<span class=\"_ _0\"></span>8<span class=\"_ _0\"></span>4<span class=\"_ _0\"></span>.<span class=\"_ _0\"></span>6<span class=\"_ _6e\"> </span><span class=\"ls14 ws11\">18,188.4<span class=\"_ _d\"> </span><span class=\"ls89 wscc\">1<span class=\"_ _1\"></span>8<span class=\"_ _1\"></span>,1<span class=\"_ _1\"></span>6<span class=\"_ _1\"></span>2<span class=\"_ _1\"></span>.<span class=\"_ _1\"></span>7<span class=\"_ _383\"> </span></span></span></span></span></span></div><div class=\"t m0 hd ff1 fs7 fc3 sc0 ls11 ws2 gs80e\">Stage 2<span class=\"_ _2f8\"> </span><span class=\"ls89 wscc\">1,1<span class=\"_ _2\"></span>4<span class=\"_ _1\"></span>3<span class=\"_ _1\"></span>.<span class=\"_ _2\"></span>8<span class=\"_ _86\"> </span><span class=\"ls9f wsbc\">1,14<span class=\"_ _6\"></span>1.<span class=\"_ _6\"></span>9<span class=\"_ _76\"> </span><span class=\"lsf8 wsfd\">1<span class=\"_ _1\"></span>,<span class=\"_ _0\"></span>2<span class=\"_ _2\"></span>6<span class=\"_ _1\"></span>9.<span class=\"_ _2\"></span>8<span class=\"_ _7d\"> </span>1<span class=\"_ _2\"></span>,<span class=\"_ _0\"></span>2<span class=\"_ _1\"></span>6<span class=\"_ _2\"></span>9.<span class=\"_ _2\"></span>7<span class=\"_ _7f\"> </span><span class=\"lsd7 wsd7\">2<span class=\"_ _1\"></span>,41<span class=\"_ _1\"></span>3<span class=\"_ _2\"></span>.<span class=\"_ _1\"></span>6<span class=\"_ _83\"> </span>2<span class=\"_ _1\"></span>,41<span class=\"_ _1\"></span>1<span class=\"_ _1\"></span>.<span class=\"_ _2\"></span>6<span class=\"_ _383\"> </span></span></span></span></span></div><div class=\"t m0 hd ff1 fs7 fc3 sc0 ls11 ws2 gs80f\">Stage 3<span class=\"_ _260\"> </span><span class=\"ls7a wsa1\">365.6<span class=\"_ _e8\"> </span><span class=\"lsc8 wsc8\">3<span class=\"_ _2\"></span>3<span class=\"_ _0\"></span>7.<span class=\"_ _2\"></span>9<span class=\"_ _63\"> </span><span class=\"lsf8 wsfd\">9<span class=\"_ _0\"></span>9.<span class=\"_ _1\"></span>1<span class=\"_ _63\"> </span>9<span class=\"_ _2\"></span>9.1<span class=\"_ _3d\"> </span><span class=\"ls88 wse3\">46<span class=\"_ _1\"></span>4.7<span class=\"_ _3d\"> </span></span></span>4<span class=\"_ _0\"></span>3<span class=\"_ _0\"></span>7.<span class=\"_ _0\"></span>0<span class=\"_ _383\"> </span></span></span></div><div class=\"t m0 hd ff1 fs7 fc3 sc0 ls11 ws2 gs810\">Stage 3 (POCI)<span class=\"_ _c3\"> </span><span class=\"ls79 wse8\">45.2<span class=\"_ _55\"> </span><span class=\"ls7a wsa1\">43.6<span class=\"_ _96\"> </span><span class=\"ls7e ws16\">52.<span class=\"_ _1\"></span>2<span class=\"_ _55\"> </span>52.2<span class=\"_ _37\"> </span><span class=\"lsc8 wsc8\">9<span class=\"_ _2\"></span>7.<span class=\"_ _2\"></span>4<span class=\"_ _4f\"> </span><span class=\"lscd wsce\">95.<span class=\"_ _1\"></span>8</span></span></span></span></span></div><div class=\"t m0 hd ff1 fs7 fc3 sc0 ls2 ws2 gs811\"> <span class=\"_ _2f9\"> </span><span class=\"lsc8 wsc8\">1<span class=\"_ _2\"></span>2<span class=\"_ _0\"></span>,<span class=\"_ _0\"></span>0<span class=\"_ _0\"></span>5<span class=\"_ _0\"></span>7.<span class=\"_ _0\"></span>3<span class=\"_ _66\"> </span><span class=\"ls12 wsf\">12<span class=\"_ _1\"></span>,0<span class=\"_ _1\"></span>01<span class=\"_ _1\"></span>.5<span class=\"_ _76\"> </span><span class=\"lsf8 wsfd\">9,<span class=\"_ _1\"></span>1<span class=\"_ _2\"></span>0<span class=\"_ _2\"></span>6<span class=\"_ _2\"></span>.<span class=\"_ _2\"></span>8<span class=\"_ _73\"> </span><span class=\"ls7a wsa1\">9<span class=\"_ _8\"></span>,105.6<span class=\"_ _40\"> </span><span class=\"lsed wsf2\">2<span class=\"_ _1\"></span>1<span class=\"_ _1\"></span>,1<span class=\"_ _1\"></span>6<span class=\"_ _1\"></span>4<span class=\"_ _1\"></span>.1<span class=\"_ _76\"> </span><span class=\"lsc8 wsc8\">2<span class=\"_ _0\"></span>1<span class=\"_ _0\"></span>,<span class=\"_ _2\"></span>1<span class=\"_ _0\"></span>0<span class=\"_ _2\"></span>7.<span class=\"_ _2\"></span>1<span class=\"_ _383\"> </span></span></span></span></span></span></span></div><div class=\"t m0 hd ff1 fs7 fc3 sc0 ls11 ws2 gs812\">The Group<span class=\"_ _8\"></span>\u2019<span class=\"_ _6\"></span>s main form of collater<span class=\"_ _6\"></span>al held is property, based in the UK and the Channel Islands.<span class=\"_ _383\"> </span></div><div class=\"t m0 hd ff1 fs7 fc3 sc0 ls11 ws2 gs814\">The Group uses index<span class=\"_ _6\"></span>ed loan to value (L<span class=\"_ _1f6\"></span>TV<span class=\"_ _2\"></span>) ratios to assess the quality o<span class=\"_ _6\"></span>f the uncapped collateral held. Pr<span class=\"_ _6\"></span>operty values are updated to r<span class=\"_ _6\"></span>e\ufb02ect </div><div class=\"t m0 hd ff1 fs7 fc3 sc0 ls11 ws2 gs815\">changes in the HPI. A break<span class=\"_ _8\"></span>down of loans and advances to cus<span class=\"_ _6\"></span>tomers by inde<span class=\"_ _6\"></span>xed L<span class=\"_ _1f6\"></span>T<span class=\"_ _1\"></span>V is as follow<span class=\"_ _6\"></span>s:<span class=\"_ _383\"> </span></div><div class=\"t m0 h8 ff2 fs5 fc3 sc0 lse ws71 gs816\">2022<span class=\"_ _2dc\"> </span><span class=\"ff1\">2021<span class=\"_ _383\"> </span></span></div><div class=\"t m0 h3a ff2 fs5 fc3 sc0 ls125 ws135 gs817\">OSB<span class=\"_ _383\"> </span></div><div class=\"t m0 h3a ff2 fs5 fc3 sc0 lse ws71 gs818\">\u00a3m<span class=\"_ _383\"> </span></div><div class=\"t m0 h3a ff2 fs5 fc3 sc0 ls62 ws187 gs819\">CCFS<span class=\"_ _383\"> </span></div><div class=\"t m0 h3a ff2 fs5 fc3 sc0 lse ws71 gs81a\">\u00a3m<span class=\"_ _383\"> </span></div><div class=\"t m0 h3a ff2 fs5 fc3 sc0 lsc2 wsc1 gs81b\">To<span class=\"_ _1\"></span>t<span class=\"_ _2\"></span>a<span class=\"_ _1\"></span>l<span class=\"_ _383\"> </span></div><div class=\"t m0 h3a ff2 fs5 fc3 sc0 lse ws71 gs81c\">\u00a3m<span class=\"_ _383\"> </span></div><div class=\"t m0 h3a ff2 fs5 fc3 sc0 ls2 ws2 gs81d\">%<span class=\"_ _383\"> </span></div><div class=\"t m0 h8 ff1 fs5 fc3 sc0 ls69 ws70 gs81e\">OSB<span class=\"_ _383\"> </span></div><div class=\"t m0 h8 ff1 fs5 fc3 sc0 lse ws71 gs81f\">\u00a3m<span class=\"_ _383\"> </span></div><div class=\"t m0 h8 ff1 fs5 fc3 sc0 lse ws71 gs820\">CCFS<span class=\"_ _383\"> </span></div><div class=\"t m0 h8 ff1 fs5 fc3 sc0 lse ws71 gs821\">\u00a3m<span class=\"_ _383\"> </span></div><div class=\"t m0 h8 ff1 fs5 fc3 sc0 lse1 wse5 gs822\">To<span class=\"_ _1\"></span>t<span class=\"_ _2\"></span>a<span class=\"_ _1\"></span>l<span class=\"_ _383\"> </span></div><div class=\"t m0 h8 ff1 fs5 fc3 sc0 lse ws71 gs823\">\u00a3m<span class=\"_ _1cc\"> </span><span class=\"ls2 ws2\">%<span class=\"_ _383\"> </span></span></div><div class=\"t m0 hc ff2 fs7 fc3 sc0 ls11 ws6e gs824\">Band<span class=\"_ _16f\"> </span><span class=\"ls2 ws2\"> <span class=\"_ _11a\"> </span> <span class=\"_ _11a\"> </span> <span class=\"_ _11a\"> </span> </span></div><div class=\"t m0 hd ff1 fs7 fc3 sc0 ls11 ws2 gs825\">0% \u2013 50%<span class=\"_ _171\"> </span><span class=\"ff2 ls9e ws98\">2<span class=\"_ _2\"></span>,<span class=\"_ _2\"></span>76<span class=\"_ _1\"></span>8<span class=\"_ _2\"></span>.<span class=\"_ _2\"></span>8<span class=\"_ _3e\"> </span><span class=\"ls11 ws6e\">9<span class=\"_ _1\"></span>14.7<span class=\"_ _6c\"> </span><span class=\"ls2 ws2\">3,683.5 <span class=\"_ _90\"> </span><span class=\"ls12 wsf\">16 <span class=\"_ _6c\"> </span></span></span></span></span><span class=\"lsf9 ws82\">2,293.3<span class=\"_ _a9\"> </span><span class=\"ls7c wsd0\">428<span class=\"_ _1\"></span>.<span class=\"_ _1\"></span>2<span class=\"_ _76\"> </span><span class=\"ls6f ws75\">2,721.5<span class=\"_ _20e\"> </span><span class=\"lscd wsce\">13 </span></span></span></span></div><div class=\"t m0 hd ff1 fs7 fc3 sc0 ls11 ws2 gs826\">50% \u2013 60%<span class=\"_ _1ac\"> </span><span class=\"ff2 lse5 wsea\">2<span class=\"_ _1\"></span>,<span class=\"_ _1\"></span>7<span class=\"_ _2\"></span>70.<span class=\"_ _1\"></span>7<span class=\"_ _7d\"> </span><span class=\"lsc3 wsc2\">1<span class=\"_ _1\"></span>,<span class=\"_ _1\"></span>3<span class=\"_ _2\"></span>61<span class=\"_ _1\"></span>.1<span class=\"_ _a1\"> </span><span class=\"ls14 ws11\">4,<span class=\"_ _6\"></span>131.8 <span class=\"_ _ca\"> </span><span class=\"ls12 wsf\">17 <span class=\"_ _121\"> </span><span class=\"ff1 ls7a wsa1\">1,935.3<span class=\"_ _3b\"> </span><span class=\"lsed wsf2\">49<span class=\"_ _1\"></span>0<span class=\"_ _1\"></span>.1<span class=\"_ _69\"> </span><span class=\"lsd7 wsd7\">2<span class=\"_ _1\"></span>,4<span class=\"_ _1\"></span>2<span class=\"_ _1\"></span>5<span class=\"_ _2\"></span>.4<span class=\"_ _18e\"> </span><span class=\"lsc7 ws7f\">11<span class=\"_ _1\"></span> </span></span></span></span></span></span></span></span></div><div class=\"t m0 hd ff1 fs7 fc3 sc0 ls11 ws2 gs827\">60% \u2013 7<span class=\"_ _6\"></span>0%<span class=\"_ _125\"> </span><span class=\"ff2 lsc4 wsc3\">4<span class=\"_ _2\"></span>,<span class=\"_ _0\"></span>6<span class=\"_ _0\"></span>4<span class=\"_ _2\"></span>7.<span class=\"_ _2\"></span>5<span class=\"_ _69\"> </span><span class=\"ls33 ws30\">3,<span class=\"_ _1\"></span>5<span class=\"_ _1\"></span>61.<span class=\"_ _1\"></span>7<span class=\"_ _89\"> </span><span class=\"ls2 ws2\">8<span class=\"_ _1\"></span>,209<span class=\"_ _6\"></span>.2 <span class=\"_ _53\"> </span>35 <span class=\"_ _69\"> </span><span class=\"ff1 lsf8 wsfd\">4<span class=\"_ _1\"></span>,<span class=\"_ _1\"></span>1<span class=\"_ _2\"></span>7<span class=\"_ _1\"></span>9.<span class=\"_ _2\"></span>0<span class=\"_ _83\"> </span><span class=\"ls9f wsbc\">1,<span class=\"_ _1\"></span>241.<span class=\"_ _8\"></span>9<span class=\"_ _40\"> </span><span class=\"ls86 wsf1\">5<span class=\"_ _1\"></span>,<span class=\"_ _1\"></span>42<span class=\"_ _2\"></span>0<span class=\"_ _1\"></span>.9<span class=\"_ _5e\"> </span><span class=\"ls1e ws43\">26 </span></span></span></span></span></span></span></div><div class=\"t m0 hd ff1 fs7 fc3 sc0 ls11 ws2 gs828\">7<span class=\"_ _6\"></span>0% \u2013 80%<span class=\"_ _123\"> </span><span class=\"ff2 lscd wsce\">2,<span class=\"_ _6\"></span>150.7<span class=\"_ _d\"> </span><span class=\"lsc4 wsc3\">4<span class=\"_ _2\"></span>,<span class=\"_ _3\"> </span>2<span class=\"_ _2\"></span>7<span class=\"_ _3\"> </span>7.<span class=\"_ _0\"></span>3<span class=\"_ _66\"> </span><span class=\"ls2 ws2\">6<span class=\"_ _1\"></span>,4<span class=\"_ _6\"></span>28.0 <span class=\"_ _53\"> </span><span class=\"lsc9 wsc9\">26 <span class=\"_ _6e\"> </span><span class=\"ff1 lsc8 wsc8\">2<span class=\"_ _0\"> </span>,<span class=\"_ _3\"> </span>8<span class=\"_ _0\"></span>8<span class=\"_ _2\"></span>7.<span class=\"_ _0\"></span>7<span class=\"_ _73\"> </span><span class=\"ls89 wscc\">6<span class=\"_ _1\"></span>,1<span class=\"_ _1\"></span>0<span class=\"_ _2\"></span>0<span class=\"_ _1\"></span>.<span class=\"_ _1\"></span>7<span class=\"_ _40\"> </span><span class=\"ls2c ws29\">8,<span class=\"_ _8\"></span>988.4<span class=\"_ _ce\"> </span><span class=\"ls2 ws2\">43 </span></span></span></span></span></span></span></span></div><div class=\"t m0 hd ff1 fs7 fc3 sc0 ls11 ws2 gs829\">80% \u2013 90%<span class=\"_ _2fa\"> </span><span class=\"ff2 ls1f ws1c\">548.3<span class=\"_ _98\"> </span><span class=\"lse3 wse7\">365.5<span class=\"_ _a9\"> </span><span class=\"ls2c ws29\">913.8 <span class=\"_ _20e\"> </span><span class=\"ls2 ws2\">4 <span class=\"_ _a9\"> </span></span></span></span></span><span class=\"lsc7 ws7f\">513<span class=\"_ _1\"></span>.<span class=\"_ _1\"></span>2<span class=\"_ _3e\"> </span><span class=\"lsd7 wsd7\">8<span class=\"_ _1\"></span>4<span class=\"_ _1\"></span>4<span class=\"_ _1\"></span>.4<span class=\"_ _7d\"> </span><span class=\"lsc8 wsc8\">1<span class=\"_ _0\"></span>,<span class=\"_ _0\"></span>3<span class=\"_ _0\"></span>5<span class=\"_ _2\"></span>7.<span class=\"_ _3\"> </span>6<span class=\"_ _118\"> </span></span></span></span><span class=\"ls2\">6 </span></div><div class=\"t m0 hd ff1 fs7 fc3 sc0 ls11 ws2 gs82a\">90% \u2013 100%<span class=\"_ _2fa\"> </span><span class=\"ff2 ls14 ws11\">181.3<span class=\"_ _1c2\"> </span><span class=\"ls6f ws75\">2.5<span class=\"_ _a9\"> </span></span>183<span class=\"_ _1\"></span>.8 <span class=\"_ _116\"> </span><span class=\"ls2 ws2\">1 <span class=\"_ _96\"> </span></span></span><span class=\"lsc8 wsc8\">7<span class=\"_ _0\"></span>7.<span class=\"_ _0\"></span>8<span class=\"_ _23f\"> </span><span class=\"ls9f wsbc\">1.5<span class=\"_ _9c\"> </span><span class=\"lsf8 wsfd\">7<span class=\"_ _2\"></span>9.<span class=\"_ _2\"></span>3<span class=\"_ _35\"> </span></span></span></span><span class=\"ls2\">\u2013<span class=\"_ _383\"> </span></span></div><div class=\"t m0 hd ff1 fs7 fc3 sc0 ls11 ws6e gs82b\">&gt;100%<span class=\"_ _2fb\"> </span><span class=\"ff2 lsc4 wsc3\">1<span class=\"_ _2\"></span>7<span class=\"_ _0\"> </span>7.<span class=\"_ _2\"></span>4<span class=\"_ _15e\"> </span></span><span class=\"ff2\">0.6<span class=\"_ _91\"> </span><span class=\"lscc wscd\">178<span class=\"_ _1\"></span>.0 <span class=\"_ _116\"> </span><span class=\"ls2 ws2\">1 <span class=\"_ _3b\"> </span></span></span></span><span class=\"ls38 ws35\">171.<span class=\"_ _1\"></span>0<span class=\"_ _d9\"> </span><span class=\"ls2 ws2\">\u2013<span class=\"_ _93\"> </span></span>17<span class=\"_ _1\"></span>1.<span class=\"_ _1\"></span>0<span class=\"_ _103\"> </span><span class=\"ls2 ws2\">1 </span></span></div><div class=\"t m0 hc ff2 fs7 fc3 sc0 ls11 ws2 gs82c\">T<span class=\"_ _8\"></span>otal loans before </div><div class=\"t m0 hd ff2 fs7 fc3 sc0 ls11 ws6e gs82d\">provisions<span class=\"_ _10e\"> </span><span class=\"ls14 ws11\">13,<span class=\"_ _1\"></span>244.7<span class=\"_ _1fe\"> </span><span class=\"ls81 wsdf\">1<span class=\"_ _1\"></span>0,4<span class=\"_ _1\"></span>8<span class=\"_ _2\"></span>3.4<span class=\"_ _a6\"> </span><span class=\"lsc3 wsc2\">2<span class=\"_ _1\"></span>3<span class=\"_ _2\"></span>,<span class=\"_ _1\"></span>7<span class=\"_ _1\"></span>2<span class=\"_ _1\"></span>8<span class=\"_ _2\"></span>.1<span class=\"_ _1b4\"> </span><span class=\"lse3 wse7\">10<span class=\"_ _1\"></span>0<span class=\"_ _6c\"> </span><span class=\"ff1 lsc8 wsc8\">1<span class=\"_ _2\"></span>2<span class=\"_ _0\"></span>,<span class=\"_ _0\"></span>0<span class=\"_ _0\"></span>5<span class=\"_ _0\"></span>7.<span class=\"_ _0\"></span>3<span class=\"_ _7f\"> </span><span class=\"lsf8 wsfd\">9,1<span class=\"_ _2\"></span>0<span class=\"_ _2\"></span>6<span class=\"_ _2\"></span>.<span class=\"_ _2\"></span>8<span class=\"_ _a1\"> </span><span class=\"lsed wsf2\">2<span class=\"_ _1\"></span>1<span class=\"_ _1\"></span>,1<span class=\"_ _1\"></span>6<span class=\"_ _1\"></span>4.1<span class=\"_ _1c2\"> </span><span class=\"ls6f ws75\">100<span class=\"_ _383\"> </span></span></span></span></span></span></span></span></span></div><div class=\"t m0 hd ff1 fs7 fc3 sc0 ls11 ws2 gs82e\">The table below sho<span class=\"_ _8\"></span>ws the L<span class=\"_ _8\"></span>T<span class=\"_ _1\"></span>V banding for the OSB segment<span class=\"_ _6\"></span>s<span class=\"_ _8\"></span>\u2019 two major lending streams: </div><div class=\"t m0 h3a ff2 fs5 fc3 sc0 ls125 ws135 gs82f\">OSB<span class=\"_ _383\"> </span></div><div class=\"t m0 h8 ff2 fs5 fc3 sc0 lse ws71 gs830\">2022<span class=\"_ _2dc\"> </span><span class=\"ff1\">2021<span class=\"_ _383\"> </span></span></div><div class=\"t m0 h3a ff2 fs5 fc3 sc0 lse ws71 gs831\">BTL/SME<span class=\"_ _383\"> </span></div><div class=\"t m0 h3a ff2 fs5 fc3 sc0 lse ws71 gs832\">\u00a3m<span class=\"_ _383\"> </span></div><div class=\"t m0 h3a ff2 fs5 fc3 sc0 lse ws71 gs833\">Residential<span class=\"_ _383\"> </span></div><div class=\"t m0 h3a ff2 fs5 fc3 sc0 lse ws71 gs834\">\u00a3m<span class=\"_ _383\"> </span></div><div class=\"t m0 h3a ff2 fs5 fc3 sc0 lsc2 wsc1 gs835\">To<span class=\"_ _1\"></span>t<span class=\"_ _2\"></span>a<span class=\"_ _1\"></span>l<span class=\"_ _383\"> </span></div><div class=\"t m0 h3a ff2 fs5 fc3 sc0 lse ws71 gs836\">\u00a3m<span class=\"_ _383\"> </span></div><div class=\"t m0 h3a ff2 fs5 fc3 sc0 ls2 ws2 gs837\">%<span class=\"_ _383\"> </span></div><div class=\"t m0 h8 ff1 fs5 fc3 sc0 lse ws71 gs838\">BTL/SME<span class=\"_ _383\"> </span></div><div class=\"t m0 h8 ff1 fs5 fc3 sc0 lse ws71 gs839\">\u00a3m<span class=\"_ _383\"> </span></div><div class=\"t m0 h8 ff1 fs5 fc3 sc0 lse ws71 gs83a\">Residential<span class=\"_ _383\"> </span></div><div class=\"t m0 h8 ff1 fs5 fc3 sc0 lse ws71 gs83b\">\u00a3m<span class=\"_ _383\"> </span></div><div class=\"t m0 h8 ff1 fs5 fc3 sc0 lse1 wse5 gs83c\">To<span class=\"_ _1\"></span>t<span class=\"_ _2\"></span>a<span class=\"_ _1\"></span>l<span class=\"_ _383\"> </span></div><div class=\"t m0 h8 ff1 fs5 fc3 sc0 lse ws71 gs83d\">\u00a3m<span class=\"_ _383\"> </span></div><div class=\"t m0 h8 ff1 fs5 fc3 sc0 ls2 ws2 gs83e\">%<span class=\"_ _383\"> </span></div><div class=\"t m0 hc ff2 fs7 fc3 sc0 ls11 ws6e gs83f\">Band<span class=\"_ _16f\"> </span><span class=\"ls2 ws2\"> <span class=\"_ _11a\"> </span> <span class=\"_ _11a\"> </span> <span class=\"_ _11a\"> </span> </span></div><div class=\"t m0 hd ff1 fs7 fc3 sc0 ls11 ws2 gs840\">0% \u2013 50%<span class=\"_ _2fa\"> </span><span class=\"ff2 ls81 wsdf\">1,<span class=\"_ _1\"></span>3<span class=\"_ _1\"></span>0<span class=\"_ _1\"></span>1<span class=\"_ _1\"></span>.4<span class=\"_ _8e\"> </span><span class=\"lsc4 wsc3\">1<span class=\"_ _0\"></span>,<span class=\"_ _2\"></span>4<span class=\"_ _0\"></span>6<span class=\"_ _2\"></span>7.<span class=\"_ _2\"></span>4<span class=\"_ _d\"> </span><span class=\"ls9e ws98\">2<span class=\"_ _2\"></span>,<span class=\"_ _2\"></span>76<span class=\"_ _1\"></span>8<span class=\"_ _2\"></span>.<span class=\"_ _2\"></span>8<span class=\"_ _2ec\"> </span><span class=\"ls6f ws75\">21 <span class=\"_ _d2\"> </span></span></span></span></span><span class=\"lsc8 wsc8\">1<span class=\"_ _0\"></span>,<span class=\"_ _2\"></span>0<span class=\"_ _3\"> </span>0<span class=\"_ _2\"></span>7.<span class=\"_ _0\"></span>6<span class=\"_ _73\"> </span><span class=\"ls9f wsbc\">1,<span class=\"_ _1\"></span>285<span class=\"_ _1\"></span>.7<span class=\"_ _121\"> </span><span class=\"lsf9 ws82\">2,293.3<span class=\"_ _20e\"> </span></span></span></span><span class=\"ws6e\">19 </span></div><div class=\"t m0 hd ff1 fs7 fc3 sc0 ls11 ws2 gs841\">50% \u2013 60%<span class=\"_ _1b5\"> </span><span class=\"ff2 lsf6 wsfb\">2,4<span class=\"_ _6\"></span>97<span class=\"_ _9\"></span>.2<span class=\"_ _98\"> </span><span class=\"ls7f wse1\">2<span class=\"_ _1\"></span>73.<span class=\"_ _1\"></span>5<span class=\"_ _9a\"> </span><span class=\"lse5 wsea\">2<span class=\"_ _1\"></span>,<span class=\"_ _1\"></span>7<span class=\"_ _1\"></span>70<span class=\"_ _1\"></span>.<span class=\"_ _1\"></span>7<span class=\"_ _ed\"> </span><span class=\"ls6f ws75\">21<span class=\"_ _1\"></span> <span class=\"_ _6b\"> </span><span class=\"ff1 ls9f wsbc\">1,<span class=\"_ _1\"></span>693.7<span class=\"_ _e8\"> </span><span class=\"ls78 ws109\">2<span class=\"_ _1\"></span>41<span class=\"_ _1\"></span>.<span class=\"_ _1\"></span>6<span class=\"_ _76\"> </span><span class=\"ls7a wsa1\">1,935.3<span class=\"_ _1da\"> </span><span class=\"lscc wscd\">16<span class=\"_ _1\"></span> </span></span></span></span></span></span></span></span></div><div class=\"t m0 hd ff1 fs7 fc3 sc0 ls11 ws2 gs842\">60% \u2013 7<span class=\"_ _6\"></span>0%<span class=\"_ _1ac\"> </span><span class=\"ff2 ls2\">4,386.0<span class=\"_ _5a\"> </span><span class=\"ls33 ws30\">261<span class=\"_ _1\"></span>.<span class=\"_ _1\"></span>5<span class=\"_ _6e\"> </span><span class=\"lsc4 wsc3\">4<span class=\"_ _2\"></span>,<span class=\"_ _0\"> </span>6<span class=\"_ _0\"></span>4<span class=\"_ _2\"></span>7.<span class=\"_ _0\"></span>5<span class=\"_ _23f\"> </span></span></span>36 <span class=\"_ _89\"> </span></span><span class=\"lsc5 wsc4\">3<span class=\"_ _2\"></span>,9<span class=\"_ _1\"></span>0<span class=\"_ _2\"></span>3<span class=\"_ _1\"></span>.<span class=\"_ _1\"></span>0<span class=\"_ _18d\"> </span><span class=\"lsd5 wsd5\">2<span class=\"_ _2\"></span>76<span class=\"_ _1\"></span>.<span class=\"_ _2\"></span>0<span class=\"_ _7d\"> </span><span class=\"lsf8 wsfd\">4<span class=\"_ _2\"></span>,1<span class=\"_ _2\"></span>7<span class=\"_ _2\"></span>9.<span class=\"_ _1\"></span>0<span class=\"_ _5e\"> </span></span></span></span><span class=\"ls2\">3<span class=\"_ _1\"></span>5 </span></div><div class=\"t m0 hd ff1 fs7 fc3 sc0 ls11 ws2 gs843\">7<span class=\"_ _6\"></span>0% \u2013 80%<span class=\"_ _108\"> </span><span class=\"ff2 lsc4 wsc3\">1<span class=\"_ _0\"></span>,<span class=\"_ _1\"></span>9<span class=\"_ _0\"></span>7<span class=\"_ _3\"> </span>7.<span class=\"_ _1\"></span>1<span class=\"_ _3d\"> </span><span class=\"ls7f wse1\">173<span class=\"_ _1\"></span>.6<span class=\"_ _6b\"> </span><span class=\"lscd wsce\">2,150.7<span class=\"_ _ed\"> </span><span class=\"ls12 wsf\">16<span class=\"_ _1\"></span> <span class=\"_ _6b\"> </span></span></span></span></span><span class=\"ls2\">2,64<span class=\"_ _6\"></span>7<span class=\"_ _1f6\"></span>.7<span class=\"_ _50\"> </span><span class=\"ls11 ws6e\">240.0<span class=\"_ _8e\"> </span><span class=\"lsc8 wsc8\">2<span class=\"_ _0\"> </span>,<span class=\"_ _3\"> </span>8<span class=\"_ _0\"></span>8<span class=\"_ _2\"></span>7.<span class=\"_ _0\"></span>7<span class=\"_ _2ec\"> </span><span class=\"lscd wsce\">24 </span></span></span></span></div><div class=\"t m0 hd ff1 fs7 fc3 sc0 ls11 ws2 gs844\">80% \u2013 90%<span class=\"_ _a8\"> </span><span class=\"ff2 lsc3 wsc2\">4<span class=\"_ _1\"></span>1<span class=\"_ _1\"></span>8<span class=\"_ _1\"></span>.1<span class=\"_ _5a\"> </span><span class=\"ls11 ws6e\">13<span class=\"_ _1\"></span>0.2<span class=\"_ _98\"> </span><span class=\"ls1f ws1c\">548.3<span class=\"_ _116\"> </span><span class=\"ls2 ws2\">4 <span class=\"_ _8c\"> </span></span></span></span></span><span class=\"ls7e ws16\">452.8<span class=\"_ _55\"> </span><span class=\"lsd7 wsd7\">6<span class=\"_ _1\"></span>0<span class=\"_ _1\"></span>.4<span class=\"_ _e8\"> </span><span class=\"lsc7 ws7f\">513<span class=\"_ _1\"></span>.<span class=\"_ _1\"></span>2<span class=\"_ _35\"> </span></span></span></span><span class=\"ls2\">4 </span></div><div class=\"t m0 hd ff1 fs7 fc3 sc0 ls11 ws2 gs845\">90% \u2013 100%<span class=\"_ _2fa\"> </span><span class=\"ff2 lsc4 wsc3\">1<span class=\"_ _2\"></span>6<span class=\"_ _2\"></span>7.<span class=\"_ _0\"></span>3<span class=\"_ _4f\"> </span><span class=\"ls7e ws16\">14<span class=\"_ _1\"></span>.0<span class=\"_ _3d\"> </span><span class=\"ls14 ws11\">181.<span class=\"_ _1\"></span>3<span class=\"_ _169\"> </span><span class=\"ls2 ws2\">1 <span class=\"_ _5c\"> </span></span></span></span></span><span class=\"ls7a wsa1\">66.2<span class=\"_ _1c2\"> </span><span class=\"lsc7 ws7f\">11.<span class=\"_ _1\"></span>6<span class=\"_ _61\"> </span><span class=\"lsc8 wsc8\">7<span class=\"_ _3\"> </span>7.<span class=\"_ _0\"></span>8<span class=\"_ _21a\"> </span></span></span></span><span class=\"ls2\">1 </span></div><div class=\"t m0 hd ff1 fs7 fc3 sc0 ls11 ws6e gs846\">&gt;100%<span class=\"_ _2fc\"> </span><span class=\"ff2 lsc5 wsc4\">17<span class=\"_ _1\"></span>2<span class=\"_ _2\"></span>.9<span class=\"_ _15c\"> </span></span><span class=\"ff2\">4.<span class=\"_ _1\"></span>5<span class=\"_ _3b\"> </span><span class=\"lsc4 wsc3\">1<span class=\"_ _2\"></span>7<span class=\"_ _0\"></span>7.<span class=\"_ _2\"></span>4<span class=\"_ _103\"> </span><span class=\"ls2 ws2\">1 <span class=\"_ _3d\"> </span></span></span></span><span class=\"lsed wsf2\">1<span class=\"_ _1\"></span>6<span class=\"_ _1\"></span>5<span class=\"_ _1\"></span>.1<span class=\"_ _5f\"> </span><span class=\"ls86 wsf1\">5<span class=\"_ _2\"></span>.9<span class=\"_ _9d\"> </span><span class=\"ls38 ws35\">17<span class=\"_ _1\"></span>1<span class=\"_ _1\"></span>.0<span class=\"_ _103\"> </span><span class=\"ls2 ws2\">1 </span></span></span></span></div><div class=\"t m0 hc ff2 fs7 fc3 sc0 ls11 ws2 gs847\">T<span class=\"_ _8\"></span>otal loans before </div><div class=\"t m0 hd ff2 fs7 fc3 sc0 ls11 ws6e gs848\">provisions<span class=\"_ _2fd\"> </span><span class=\"ls89 wscc\">1<span class=\"_ _1\"></span>0<span class=\"_ _1\"></span>,9<span class=\"_ _1\"></span>2<span class=\"_ _1\"></span>0<span class=\"_ _1\"></span>.<span class=\"_ _1\"></span>0<span class=\"_ _66\"> </span></span>2,<span class=\"_ _1\"></span>324.7<span class=\"_ _67\"> </span><span class=\"ls14 ws11\">13,<span class=\"_ _1\"></span>244.7<span class=\"_ _37\"> </span><span class=\"lse3 wse7\">10<span class=\"_ _1\"></span>0 <span class=\"_ _69\"> </span><span class=\"ff1 ls7a wsa1\">9<span class=\"_ _8\"></span>,<span class=\"_ _6\"></span>936.<span class=\"_ _6\"></span>1<span class=\"_ _7d\"> </span><span class=\"ls89 wscc\">2<span class=\"_ _1\"></span>,1<span class=\"_ _1\"></span>2<span class=\"_ _1\"></span>1<span class=\"_ _1\"></span>.<span class=\"_ _2\"></span>2<span class=\"_ _6c\"> </span><span class=\"lsc8 wsc8\">1<span class=\"_ _0\"></span>2<span class=\"_ _0\"></span>,<span class=\"_ _0\"></span>0<span class=\"_ _0\"></span>5<span class=\"_ _2\"></span>7.<span class=\"_ _3\"> </span>3<span class=\"_ _15c\"> </span><span class=\"ls6f ws75\">100 </span></span></span></span></span></span></div><div class=\"t m0 hd ff1 fs7 fc3 sc0 ls11 ws2 gs849\">The tables below sho<span class=\"_ _8\"></span>w the L<span class=\"_ _8\"></span>T<span class=\"_ _1\"></span>V analysis of the OSB BTL/SME sub-segmen<span class=\"_ _6\"></span>t:<span class=\"_ _383\"> </span></div><div class=\"t m0 h3a ff2 fs5 fc3 sc0 ls125 ws135 gs84a\">OSB<span class=\"_ _383\"> </span></div><div class=\"t m0 h3a ff2 fs5 fc3 sc0 lse ws71 gs84b\">2022<span class=\"_ _383\"> </span></div><div class=\"t m0 h3a ff2 fs5 fc3 sc0 lse ws71 gs84c\">Buy-to-Let<span class=\"_ _383\"> </span></div><div class=\"t m0 h3a ff2 fs5 fc3 sc0 lse ws71 gs84d\">\u00a3m<span class=\"_ _383\"> </span></div><div class=\"t m0 h3a ff2 fs5 fc3 sc0 lse ws71 gs84e\">Commercial<span class=\"_ _383\"> </span></div><div class=\"t m0 h3a ff2 fs5 fc3 sc0 lse ws71 gs84f\">\u00a3m<span class=\"_ _383\"> </span></div><div class=\"t m0 h3a ff2 fs5 fc3 sc0 lse ws71 gs850\">Residential </div><div class=\"t m0 h3a ff2 fs5 fc3 sc0 lse ws71 gs851\">dev<span class=\"_ _6\"></span>elopment<span class=\"_ _383\"> </span></div><div class=\"t m0 h3a ff2 fs5 fc3 sc0 lse ws71 gs852\">\u00a3m<span class=\"_ _383\"> </span></div><div class=\"t m0 h3a ff2 fs5 fc3 sc0 lse ws2 gs853\">Funding lines<span class=\"_ _383\"> </span></div><div class=\"t m0 h3a ff2 fs5 fc3 sc0 lse ws71 gs854\">\u00a3m<span class=\"_ _383\"> </span></div><div class=\"t m0 h3a ff2 fs5 fc3 sc0 lsc2 wsc1 gs855\">To<span class=\"_ _1\"></span>t<span class=\"_ _2\"></span>a<span class=\"_ _1\"></span>l<span class=\"_ _383\"> </span></div><div class=\"t m0 h3a ff2 fs5 fc3 sc0 lse ws71 gs856\">\u00a3m<span class=\"_ _383\"> </span></div><div class=\"t m0 hc ff2 fs7 fc3 sc0 ls11 ws6e gs857\">Band<span class=\"_ _56\"> </span><span class=\"ls2 ws2\"> <span class=\"_ _21a\"> </span> <span class=\"_ _11a\"> </span> <span class=\"_ _11a\"> </span> <span class=\"_ _11a\"> </span> </span></div><div class=\"t m0 hd ff1 fs7 fc3 sc0 ls11 ws2 gs858\">0% \u2013 50%<span class=\"_ _292\"> </span><span class=\"ff2 lsc4 wsc3\">1<span class=\"_ _0\"></span>,<span class=\"_ _2\"></span>1<span class=\"_ _2\"></span>3<span class=\"_ _0\"></span>7.<span class=\"_ _0\"></span>6<span class=\"_ _5c\"> </span><span class=\"lscb wscb\">11<span class=\"_ _1\"></span>4.7<span class=\"_ _57\"> </span><span class=\"lsc3 wsc2\">1<span class=\"_ _1\"></span>6<span class=\"_ _1\"></span>.1<span class=\"_ _93\"> </span><span class=\"ls7e ws16\">3<span class=\"_ _1\"></span>3.0<span class=\"_ _40\"> </span><span class=\"ls81 wsdf\">1<span class=\"_ _1\"></span>,<span class=\"_ _1\"></span>3<span class=\"_ _2\"></span>01<span class=\"_ _1\"></span>.4<span class=\"_ _383\"> </span></span></span></span></span></span></div><div class=\"t m0 hd ff1 fs7 fc3 sc0 ls11 ws2 gs859\">50% \u2013 60%<span class=\"_ _cc\"> </span><span class=\"ff2 lsc3 wsc2\">2<span class=\"_ _1\"></span>,<span class=\"_ _2\"></span>3<span class=\"_ _1\"></span>2<span class=\"_ _2\"></span>4<span class=\"_ _1\"></span>.1<span class=\"_ _3b\"> </span><span class=\"lscb wscb\">112.<span class=\"_ _1\"></span>8<span class=\"_ _55\"> </span><span class=\"lsc4 wsc3\">5<span class=\"_ _2\"></span>7.<span class=\"_ _0\"></span>2<span class=\"_ _ca\"> </span></span></span>3<span class=\"_ _1\"></span>.1<span class=\"_ _6e\"> </span><span class=\"lsf6 wsfb\">2,4<span class=\"_ _6\"></span>97<span class=\"_ _9\"></span>.2<span class=\"_ _383\"> </span></span></span></div><div class=\"t m0 hd ff1 fs7 fc3 sc0 ls11 ws2 gs85a\">60% \u2013 7<span class=\"_ _6\"></span>0%<span class=\"_ _2fe\"> </span><span class=\"ff2 lscb wscb\">4,111.4<span class=\"_ _91\"> </span><span class=\"ls81 wsdf\">16<span class=\"_ _1\"></span>4<span class=\"_ _1\"></span>.4<span class=\"_ _3d\"> </span></span>110<span class=\"_ _1\"></span>.<span class=\"_ _1\"></span>2<span class=\"_ _1cc\"> </span><span class=\"ls2 ws2\">\u2013<span class=\"_ _89\"> </span>4,386.0<span class=\"_ _383\"> </span></span></span></div><div class=\"t m0 hd ff1 fs7 fc3 sc0 ls11 ws2 gs85b\">7<span class=\"_ _6\"></span>0% \u2013 80%<span class=\"_ _2b2\"> </span><span class=\"ff2 ls6f ws75\">1,74<span class=\"_ _6\"></span>1.5<span class=\"_ _8c\"> </span><span class=\"ls7d wse2\">23<span class=\"_ _1\"></span>5.6<span class=\"_ _1cc\"> </span><span class=\"ls2 ws2\">\u2013<span class=\"_ _1cc\"> </span>\u2013<span class=\"_ _7f\"> </span><span class=\"lsc4 wsc3\">1<span class=\"_ _0\"></span>,<span class=\"_ _2\"></span>9<span class=\"_ _2\"></span>7<span class=\"_ _3\"> </span>7.<span class=\"_ _1\"></span>1<span class=\"_ _383\"> </span></span></span></span></span></div><div class=\"t m0 hd ff1 fs7 fc3 sc0 ls11 ws2 gs85c\">80% \u2013 90%<span class=\"_ _6f\"> </span><span class=\"ff2 ls7d wse2\">232.8<span class=\"_ _3d\"> </span><span class=\"ls1e ws43\">1<span class=\"_ _1\"></span>51.6<span class=\"_ _d9\"> </span><span class=\"ls2 ws2\">\u2013<span class=\"_ _93\"> </span><span class=\"lscd wsce\">3<span class=\"_ _1\"></span>3.7<span class=\"_ _3b\"> </span><span class=\"lsc3 wsc2\">4<span class=\"_ _1\"></span>1<span class=\"_ _1\"></span>8<span class=\"_ _2\"></span>.1<span class=\"_ _383\"> </span></span></span></span></span></span></div><div class=\"t m0 hd ff1 fs7 fc3 sc0 ls11 ws2 gs85d\">90% \u2013 100%<span class=\"_ _2a6\"> </span><span class=\"ff2 lsc4 wsc3\">7<span class=\"_ _2\"></span>7.<span class=\"_ _2\"></span>1<span class=\"_ _96\"> </span><span class=\"lsd3 ws86\">63.8<span class=\"_ _116\"> </span><span class=\"ls2 ws2\">\u2013<span class=\"_ _9d\"> </span><span class=\"ls81 wsdf\">26<span class=\"_ _1\"></span>.4<span class=\"_ _3b\"> </span></span></span></span>1<span class=\"_ _2\"></span>6<span class=\"_ _2\"></span>7.<span class=\"_ _0\"> </span>3<span class=\"_ _383\"> </span></span></div><div class=\"t m0 hd ff1 fs7 fc3 sc0 ls11 ws6e gs85e\">&gt;100%<span class=\"_ _2ff\"> </span><span class=\"ff2\">130.5<span class=\"_ _9d\"> </span><span class=\"ls81 wsdf\">38<span class=\"_ _1\"></span>.4<span class=\"_ _5f\"> </span><span class=\"ls7e ws16\">1.0<span class=\"_ _1c2\"> </span>3<span class=\"_ _1\"></span>.0<span class=\"_ _18d\"> </span><span class=\"lsc5 wsc4\">1<span class=\"_ _1\"></span>72<span class=\"_ _2\"></span>.9<span class=\"_ _383\"> </span></span></span></span></span></div><div class=\"t m0 hc ff2 fs7 fc3 sc0 ls11 ws2 gs85f\">T<span class=\"_ _8\"></span>otal loans before provisions<span class=\"_ _300\"> </span><span class=\"lsd3 ws86\">9<span class=\"_ _8\"></span>,755.0<span class=\"_ _50\"> </span><span class=\"ls14 ws11\">881.<span class=\"_ _1\"></span>3<span class=\"_ _a9\"> </span><span class=\"ls11 ws6e\">18<span class=\"_ _1\"></span>4.5<span class=\"_ _9d\"> </span><span class=\"lsc6 wsc5\">9<span class=\"_ _2\"></span>9.<span class=\"_ _0\"></span>2<span class=\"_ _1fe\"> </span><span class=\"ls89 wscc\">1<span class=\"_ _1\"></span>0<span class=\"_ _1\"></span>,9<span class=\"_ _1\"></span>2<span class=\"_ _1\"></span>0<span class=\"_ _1\"></span>.<span class=\"_ _1\"></span>0<span class=\"_ _383\"> </span></span></span></span></span></span></div><div class=\"t m0 hc ff2 fs7 fc2 sc0 ls2 ws2 gs861\"><span class=\"_ _383\">45.\u2002Risk m</span><span class=\"_ _1\"></span>anag<span class=\"_ _1\"></span>eme<span class=\"_ _1\"></span>nt<span class=\"ff5 lsd4 ws46\"> co<span class=\"_ _1\"></span>ntinued<span class=\"_ _383\"> </span></span></div><div class=\"t m0 h3a ff2 fs5 fc3 sc0 ls125 ws135 gs862\">OSB<span class=\"_ _383\"> </span></div><div class=\"t m0 h8 ff1 fs5 fc3 sc0 lse ws71 gs863\">2021<span class=\"_ _383\"> </span></div><div class=\"t m0 h8 ff1 fs5 fc3 sc0 lse ws71 gs864\">Buy-to-Let<span class=\"_ _383\"> </span></div><div class=\"t m0 h8 ff1 fs5 fc3 sc0 lse ws71 gs865\">\u00a3m<span class=\"_ _383\"> </span></div><div class=\"t m0 h8 ff1 fs5 fc3 sc0 lse ws71 gs866\">Commercial<span class=\"_ _383\"> </span></div><div class=\"t m0 h8 ff1 fs5 fc3 sc0 lse ws71 gs867\">\u00a3m<span class=\"_ _383\"> </span></div><div class=\"t m0 h8 ff1 fs5 fc3 sc0 lse ws71 gs868\">Residential </div><div class=\"t m0 h8 ff1 fs5 fc3 sc0 lse ws71 gs869\">developmen<span class=\"_ _6\"></span>t<span class=\"_ _383\"> </span></div><div class=\"t m0 h8 ff1 fs5 fc3 sc0 lse ws71 gs86a\">\u00a3m<span class=\"_ _383\"> </span></div><div class=\"t m0 h8 ff1 fs5 fc3 sc0 lse ws2 gs86b\">Funding lines<span class=\"_ _383\"> </span></div><div class=\"t m0 h8 ff1 fs5 fc3 sc0 lse ws71 gs86c\">\u00a3m<span class=\"_ _383\"> </span></div><div class=\"t m0 h8 ff1 fs5 fc3 sc0 lse1 wse5 gs86d\">To<span class=\"_ _1\"></span>t<span class=\"_ _2\"></span>a<span class=\"_ _1\"></span>l<span class=\"_ _383\"> </span></div><div class=\"t m0 h8 ff1 fs5 fc3 sc0 lse ws71 gs86e\">\u00a3m<span class=\"_ _383\"> </span></div><div class=\"t m0 hc ff2 fs7 fc3 sc0 ls11 ws6e gs86f\">Band<span class=\"_ _383\"> </span></div><div class=\"t m0 hd ff1 fs7 fc3 sc0 ls11 ws2 gs870\">0% \u2013 50%<span class=\"_ _2a6\"> </span><span class=\"ls88 wse3\">8<span class=\"_ _1\"></span>0<span class=\"_ _1\"></span>4.<span class=\"_ _1\"></span>0<span class=\"_ _9d\"> </span><span class=\"ls86 wsf1\">11<span class=\"_ _2\"></span>8<span class=\"_ _1\"></span>.9<span class=\"_ _57\"> </span></span></span><span class=\"ws6e\">19<span class=\"_ _8\"></span>.0<span class=\"_ _254\"> </span><span class=\"ls14 ws11\">65.7<span class=\"_ _73\"> </span><span class=\"lsc8 wsc8\">1<span class=\"_ _2\"></span>,<span class=\"_ _0\"></span>0<span class=\"_ _3\"> </span>0<span class=\"_ _2\"></span>7.<span class=\"_ _0\"></span>6<span class=\"_ _383\"> </span></span></span></span></div><div class=\"t m0 hd ff1 fs7 fc3 sc0 ls11 ws2 gs871\">50% \u2013 60%<span class=\"_ _301\"> </span><span class=\"ws6e\">1,532<span class=\"_ _1\"></span>.0<span class=\"_ _2ab\"> </span><span class=\"lsed wsf2\">1<span class=\"_ _2\"></span>0<span class=\"_ _1\"></span>5<span class=\"_ _2\"></span>.1<span class=\"_ _d0\"> </span>4<span class=\"_ _1\"></span>0<span class=\"_ _1\"></span>.1<span class=\"_ _37\"> </span><span class=\"lscc wscd\">16<span class=\"_ _1\"></span>.5<span class=\"_ _73\"> </span><span class=\"ls9f wsbc\">1,693.<span class=\"_ _1\"></span>7<span class=\"_ _383\"> </span></span></span></span></span></div><div class=\"t m0 hd ff1 fs7 fc3 sc0 ls11 ws2 gs872\">60% \u2013 7<span class=\"_ _6\"></span>0%<span class=\"_ _24c\"> </span><span class=\"lsed wsf2\">3<span class=\"_ _1\"></span>,<span class=\"_ _1\"></span>7<span class=\"_ _1\"></span>0<span class=\"_ _2\"></span>8<span class=\"_ _1\"></span>.1<span class=\"_ _93\"> </span>1<span class=\"_ _1\"></span>3<span class=\"_ _2\"></span>0<span class=\"_ _1\"></span>.1<span class=\"_ _1b4\"> </span><span class=\"lsa wse4\">61.<span class=\"_ _1\"></span>6<span class=\"_ _e5\"> </span><span class=\"ls2c ws29\">3.2<span class=\"_ _121\"> </span><span class=\"lsc5 wsc4\">3<span class=\"_ _2\"></span>,9<span class=\"_ _1\"></span>0<span class=\"_ _2\"></span>3<span class=\"_ _1\"></span>.<span class=\"_ _1\"></span>0<span class=\"_ _383\"> </span></span></span></span></span></div><div class=\"t m0 hd ff1 fs7 fc3 sc0 ls11 ws2 gs873\">7<span class=\"_ _6\"></span>0% \u2013 80%<span class=\"_ _302\"> </span><span class=\"lsd7 wsd7\">2<span class=\"_ _1\"></span>,4<span class=\"_ _1\"></span>2<span class=\"_ _1\"></span>3<span class=\"_ _2\"></span>.<span class=\"_ _1\"></span>7<span class=\"_ _91\"> </span><span class=\"ls88 wse3\">224.<span class=\"_ _1\"></span>0<span class=\"_ _d9\"> </span></span></span><span class=\"ls2\">\u2013<span class=\"_ _1cc\"> </span>\u2013<span class=\"_ _a1\"> </span>2,64<span class=\"_ _6\"></span>7<span class=\"_ _1f6\"></span>.7<span class=\"_ _383\"> </span></span></div><div class=\"t m0 hd ff1 fs7 fc3 sc0 ls11 ws2 gs874\">80% \u2013 90%<span class=\"_ _211\"> </span><span class=\"ls6f ws75\">249<span class=\"_ _6\"></span>.5<span class=\"_ _e8\"> </span><span class=\"ls86 wsf1\">16<span class=\"_ _2\"></span>5<span class=\"_ _1\"></span>.9<span class=\"_ _d9\"> </span><span class=\"ls2 ws2\">\u2013<span class=\"_ _d0\"> </span><span class=\"lsc8 wsc8\">3<span class=\"_ _0\"></span>7.<span class=\"_ _1\"></span>4<span class=\"_ _3e\"> </span><span class=\"ls7e ws16\">452<span class=\"_ _1\"></span>.8<span class=\"_ _383\"> </span></span></span></span></span></span></div><div class=\"t m0 hd ff1 fs7 fc3 sc0 ls11 ws2 gs875\">90% \u2013 100%<span class=\"_ _2ad\"> </span><span class=\"lsd7 wsd7\">4<span class=\"_ _2\"></span>6<span class=\"_ _1\"></span>.4<span class=\"_ _57\"> </span><span class=\"lsf8 wsfd\">1<span class=\"_ _2\"></span>9.<span class=\"_ _2\"></span>8<span class=\"_ _35\"> </span></span></span><span class=\"ls2\">\u2013<span class=\"_ _1cc\"> </span>\u2013<span class=\"_ _96\"> </span><span class=\"ls7a wsa1\">66.<span class=\"_ _1\"></span>2<span class=\"_ _383\"> </span></span></span></div><div class=\"t m0 hd ff1 fs7 fc3 sc0 ls11 ws6e gs876\">&gt;100%<span class=\"_ _303\"> </span><span class=\"ls88 wse3\">10<span class=\"_ _1\"></span>4.0<span class=\"_ _55\"> </span><span class=\"ls9f wsbc\">30.6<span class=\"_ _d9\"> </span><span class=\"ls2 ws2\">\u2013<span class=\"_ _9d\"> </span></span>3<span class=\"_ _1\"></span>0.5<span class=\"_ _93\"> </span><span class=\"lsed wsf2\">1<span class=\"_ _1\"></span>6<span class=\"_ _1\"></span>5<span class=\"_ _2\"></span>.1<span class=\"_ _383\"> </span></span></span></span></div><div class=\"t m0 hd ff2 fs7 fc3 sc0 ls11 ws2 gs877\">T<span class=\"_ _8\"></span>otal loans before provisions<span class=\"_ _13a\"> </span><span class=\"ff1 lsd4 ws46\">8,867<span class=\"_ _9\"></span>.7<span class=\"_ _18d\"> </span><span class=\"lsd7 wsd7\">7<span class=\"_ _1\"></span>9<span class=\"_ _1\"></span>4<span class=\"_ _1\"></span>.4<span class=\"_ _e8\"> </span><span class=\"ls12 wsf\">12<span class=\"_ _1\"></span>0.7<span class=\"_ _3b\"> </span><span class=\"lsf9 ws82\">153.3<span class=\"_ _73\"> </span><span class=\"ls7a wsa1\">9<span class=\"_ _8\"></span>,936.<span class=\"_ _8\"></span>1<span class=\"_ _383\"> </span></span></span></span></span></span></div><div class=\"t m0 hd ff1 fs7 fc3 sc0 ls11 ws2 gs878\">The tables below sho<span class=\"_ _8\"></span>w the L<span class=\"_ _8\"></span>T<span class=\"_ _1\"></span>V analysis of the OSB Residential sub-segmen<span class=\"_ _6\"></span>t:<span class=\"_ _383\"> </span></div><div class=\"t m0 h3a ff2 fs5 fc3 sc0 ls125 ws135 gs879\">OSB<span class=\"_ _383\"> </span></div><div class=\"t m0 h8 ff2 fs5 fc3 sc0 lse ws71 gs87a\">2022<span class=\"_ _2dc\"> </span><span class=\"ff1\">2021<span class=\"_ _383\"> </span></span></div><div class=\"t m0 h3a ff2 fs5 fc3 sc0 lse ws2 gs87b\">First charge<span class=\"_ _383\"> </span></div><div class=\"t m0 h3a ff2 fs5 fc3 sc0 lse ws71 gs87c\">\u00a3m<span class=\"_ _383\"> </span></div><div class=\"t m0 h3a ff2 fs5 fc3 sc0 lse ws71 gs87d\">Sec<span class=\"_ _1\"></span>ond </div><div class=\"t m0 h3a ff2 fs5 fc3 sc0 lse ws71 gs87e\">charge<span class=\"_ _383\"> </span></div><div class=\"t m0 h3a ff2 fs5 fc3 sc0 lse ws71 gs87f\">\u00a3m<span class=\"_ _383\"> </span></div><div class=\"t m0 h3a ff2 fs5 fc3 sc0 lse ws2 gs880\">Funding lines<span class=\"_ _383\"> </span></div><div class=\"t m0 h3a ff2 fs5 fc3 sc0 lse ws71 gs881\">\u00a3m<span class=\"_ _383\"> </span></div><div class=\"t m0 h3a ff2 fs5 fc3 sc0 lsc2 wsc1 gs882\">To<span class=\"_ _1\"></span>t<span class=\"_ _2\"></span>a<span class=\"_ _1\"></span>l<span class=\"_ _383\"> </span></div><div class=\"t m0 h3a ff2 fs5 fc3 sc0 lse ws71 gs883\">\u00a3m<span class=\"_ _383\"> </span></div><div class=\"t m0 h8 ff1 fs5 fc3 sc0 lse ws2 gs884\">First char<span class=\"_ _6\"></span>ge<span class=\"_ _383\"> </span></div><div class=\"t m0 h8 ff1 fs5 fc3 sc0 lse ws71 gs885\">\u00a3m<span class=\"_ _383\"> </span></div><div class=\"t m0 h8 ff1 fs5 fc3 sc0 lse ws2 gs886\">Second charge<span class=\"_ _383\"> </span></div><div class=\"t m0 h8 ff1 fs5 fc3 sc0 lse ws71 gs887\">\u00a3m<span class=\"_ _383\"> </span></div><div class=\"t m0 h8 ff1 fs5 fc3 sc0 lse ws2 gs888\">Funding lines<span class=\"_ _383\"> </span></div><div class=\"t m0 h8 ff1 fs5 fc3 sc0 lse ws71 gs889\">\u00a3m<span class=\"_ _383\"> </span></div><div class=\"t m0 h8 ff1 fs5 fc3 sc0 lse1 wse5 gs88a\">To<span class=\"_ _1\"></span>t<span class=\"_ _2\"></span>a<span class=\"_ _1\"></span>l<span class=\"_ _383\"> </span></div><div class=\"t m0 h8 ff1 fs5 fc3 sc0 lse ws71 gs88b\">\u00a3m<span class=\"_ _383\"> </span></div><div class=\"t m0 hc ff2 fs7 fc3 sc0 ls11 ws6e gs88c\">Band<span class=\"_ _16f\"> </span><span class=\"ls2 ws2\"> <span class=\"_ _11a\"> </span> <span class=\"_ _11a\"> </span> <span class=\"_ _11a\"> </span> </span></div><div class=\"t m0 hd ff1 fs7 fc3 sc0 ls11 ws2 gs88d\">0% \u2013 50%<span class=\"_ _2fa\"> </span><span class=\"ff2 lsc4 wsc3\">1<span class=\"_ _2\"></span>,<span class=\"_ _0\"></span>3<span class=\"_ _0\"></span>5<span class=\"_ _2\"></span>7.<span class=\"_ _0\"></span>6<span class=\"_ _18d\"> </span><span class=\"lsc6 wsc5\">1<span class=\"_ _1\"></span>0<span class=\"_ _2\"></span>9.<span class=\"_ _2\"></span>8<span class=\"_ _d9\"> </span><span class=\"ls2 ws2\">\u2013 <span class=\"_ _d\"> </span></span></span>1<span class=\"_ _0\"></span>,<span class=\"_ _2\"></span>4<span class=\"_ _0\"></span>6<span class=\"_ _2\"></span>7.<span class=\"_ _2\"></span>4<span class=\"_ _70\"> </span></span><span class=\"ls89 wscc\">1<span class=\"_ _1\"></span>,1<span class=\"_ _1\"></span>7<span class=\"_ _1\"></span>3<span class=\"_ _1\"></span>.<span class=\"_ _2\"></span>3<span class=\"_ _254\"> </span><span class=\"lsc7 ws7f\">111.<span class=\"_ _1\"></span>8<span class=\"_ _15e\"> </span><span class=\"ls9f wsbc\">0.<span class=\"_ _1\"></span>6<span class=\"_ _a1\"> </span>1,28<span class=\"_ _1\"></span>5.7<span class=\"_ _383\"> </span></span></span></span></div><div class=\"t m0 hd ff1 fs7 fc3 sc0 ls11 ws2 gs88e\">50% \u2013 60%<span class=\"_ _304\"> </span><span class=\"ff2 lsc3 wsc2\">2<span class=\"_ _1\"></span>3<span class=\"_ _2\"></span>8<span class=\"_ _1\"></span>.1<span class=\"_ _9d\"> </span><span class=\"ls81 wsdf\">3<span class=\"_ _2\"></span>5.4<span class=\"_ _d9\"> </span><span class=\"ls2 ws2\">\u2013 <span class=\"_ _122\"> </span><span class=\"ls7f wse1\">273<span class=\"_ _1\"></span>.5<span class=\"_ _e8\"> </span></span></span></span></span><span class=\"lsd3 ws86\">189<span class=\"_ _8\"></span>.8<span class=\"_ _61\"> </span><span class=\"lsc7 ws7f\">51<span class=\"_ _1\"></span>.<span class=\"_ _1\"></span>8<span class=\"_ _d9\"> </span><span class=\"ls2 ws2\">\u2013 <span class=\"_ _50\"> </span><span class=\"ls78 ws109\">2<span class=\"_ _1\"></span>41<span class=\"_ _1\"></span>.<span class=\"_ _2\"></span>6<span class=\"_ _383\"> </span></span></span></span></span></div><div class=\"t m0 hd ff1 fs7 fc3 sc0 ls11 ws2 gs88f\">60% \u2013 7<span class=\"_ _6\"></span>0%<span class=\"_ _107\"> </span><span class=\"ff2 lsc5 wsc4\">2<span class=\"_ _1\"></span>4<span class=\"_ _1\"></span>2<span class=\"_ _2\"></span>.9<span class=\"_ _254\"> </span><span class=\"ls14 ws11\">18.<span class=\"_ _1\"></span>6<span class=\"_ _1cc\"> </span><span class=\"ls2 ws2\">\u2013 <span class=\"_ _8c\"> </span><span class=\"ls33 ws30\">2<span class=\"_ _1\"></span>61.<span class=\"_ _1\"></span>5<span class=\"_ _a9\"> </span></span></span></span></span><span class=\"ls9f wsbc\">240.<span class=\"_ _1\"></span>2<span class=\"_ _55\"> </span><span class=\"ls7a wsa1\">35.8<span class=\"_ _1cc\"> </span></span></span><span class=\"ls2\">\u2013 <span class=\"_ _98\"> </span><span class=\"lsd5 wsd5\">2<span class=\"_ _1\"></span>76<span class=\"_ _2\"></span>.<span class=\"_ _1\"></span>0<span class=\"_ _383\"> </span></span></span></div><div class=\"t m0 hd ff1 fs7 fc3 sc0 ls11 ws2 gs890\">7<span class=\"_ _6\"></span>0% \u2013 80%<span class=\"_ _a4\"> </span><span class=\"ff2 ls12 wsf\">16<span class=\"_ _1\"></span>8.<span class=\"_ _1\"></span>3<span class=\"_ _15c\"> </span><span class=\"ls7d wse2\">5.3<span class=\"_ _1cc\"> </span><span class=\"ls2 ws2\">\u2013 <span class=\"_ _98\"> </span><span class=\"ls7f wse1\">173.<span class=\"_ _1\"></span>6<span class=\"_ _3b\"> </span></span></span></span></span><span class=\"ls9f wsbc\">221.3<span class=\"_ _37\"> </span><span class=\"ls14 ws11\">18<span class=\"_ _1\"></span>.7<span class=\"_ _1cc\"> </span></span></span><span class=\"ls2\">\u2013 <span class=\"_ _83\"> </span></span><span class=\"ws6e\">24<span class=\"_ _1\"></span>0.0<span class=\"_ _383\"> </span></span></div><div class=\"t m0 hd ff1 fs7 fc3 sc0 ls11 ws2 gs891\">80% \u2013 90%<span class=\"_ _18b\"> </span><span class=\"ff2 ls7e ws16\">128.<span class=\"_ _1\"></span>8<span class=\"_ _5f\"> </span><span class=\"ls81 wsdf\">1<span class=\"_ _1\"></span>.4<span class=\"_ _d9\"> </span><span class=\"ls2 ws2\">\u2013 <span class=\"_ _83\"> </span><span class=\"ls11 ws6e\">130.<span class=\"_ _1\"></span>2<span class=\"_ _55\"> </span></span></span></span></span><span class=\"ls6f ws75\">56.5<span class=\"_ _8b\"> </span><span class=\"ls86 wsf1\">3<span class=\"_ _1\"></span>.9<span class=\"_ _d9\"> </span></span></span><span class=\"ls2\">\u2013 <span class=\"_ _5c\"> </span><span class=\"lsd7 wsd7\">6<span class=\"_ _2\"></span>0<span class=\"_ _1\"></span>.4<span class=\"_ _383\"> </span></span></span></div><div class=\"t m0 hd ff1 fs7 fc3 sc0 ls11 ws2 gs892\">90% \u2013 100%<span class=\"_ _a8\"> </span><span class=\"ff2 ls81 wsdf\">1<span class=\"_ _1\"></span>3<span class=\"_ _1\"></span>.4<span class=\"_ _15c\"> </span><span class=\"ls11 ws6e\">0.6<span class=\"_ _1cc\"> </span><span class=\"ls2 ws2\">\u2013 <span class=\"_ _2ab\"> </span><span class=\"ls7e ws16\">14.0<span class=\"_ _61\"> </span></span></span></span></span><span class=\"ls9f wsbc\">10.3<span class=\"_ _ca\"> </span>1.3<span class=\"_ _d9\"> </span></span><span class=\"ls2\">\u2013 <span class=\"_ _9c\"> </span><span class=\"lsc7 ws7f\">11.<span class=\"_ _1\"></span>6<span class=\"_ _383\"> </span></span></span></div><div class=\"t m0 hd ff1 fs7 fc3 sc0 ls11 ws6e gs893\">&gt;100%<span class=\"_ _305\"> </span><span class=\"ff2 lsd3 ws86\">3.8<span class=\"_ _15c\"> </span></span><span class=\"ff2\">0.7<span class=\"_ _1cc\"> </span><span class=\"ls2 ws2\">\u2013 <span class=\"_ _d0\"> </span></span>4.5<span class=\"_ _e5\"> </span></span><span class=\"ls88 wse3\">4.<span class=\"_ _1\"></span>5<span class=\"_ _ce\"> </span><span class=\"lsd7 wsd7\">1<span class=\"_ _1\"></span>.4<span class=\"_ _d9\"> </span><span class=\"ls2 ws2\">\u2013 <span class=\"_ _b2\"> </span><span class=\"ls86 wsf1\">5<span class=\"_ _2\"></span>.9<span class=\"_ _383\"> </span></span></span></span></span></div><div class=\"t m0 hc ff2 fs7 fc3 sc0 ls11 ws2 gs894\">T<span class=\"_ _8\"></span>otal loans before </div><div class=\"t m0 hd ff2 fs7 fc3 sc0 ls11 ws6e gs895\">provisions<span class=\"_ _159\"> </span><span class=\"lsd7 wsd7\">2<span class=\"_ _1\"></span>,1<span class=\"_ _1\"></span>5<span class=\"_ _1\"></span>2<span class=\"_ _2\"></span>.9<span class=\"_ _e8\"> </span><span class=\"ls12 wsf\">171.<span class=\"_ _1\"></span>8<span class=\"_ _1cc\"> </span><span class=\"ls2 ws2\">\u2013 <span class=\"_ _19f\"> </span></span></span></span>2,3<span class=\"_ _1\"></span>24.7<span class=\"_ _76\"> </span><span class=\"ff1 ls86 wsf1\">1<span class=\"_ _1\"></span>,<span class=\"_ _2\"></span>8<span class=\"_ _1\"></span>9<span class=\"_ _1\"></span>5<span class=\"_ _2\"></span>.9<span class=\"_ _18d\"> </span><span class=\"lse3 wse7\">224.7<span class=\"_ _53\"> </span><span class=\"ls9f wsbc\">0.6<span class=\"_ _7d\"> </span><span class=\"ls89 wscc\">2<span class=\"_ _2\"></span>,12<span class=\"_ _2\"></span>1.<span class=\"_ _2\"></span>2<span class=\"_ _383\"> </span></span></span></span></span></div><div class=\"t m0 hd ff1 fs7 fc3 sc0 ls11 ws2 gs896\">The table below sho<span class=\"_ _8\"></span>ws the L<span class=\"_ _8\"></span>T<span class=\"_ _1\"></span>V analysis of the four CCFS sub-segmen<span class=\"_ _6\"></span>t: </div><div class=\"t m0 h3a ff2 fs5 fc3 sc0 ls62 ws187 gs897\">CCFS<span class=\"_ _383\"> </span></div><div class=\"t m0 h3a ff2 fs5 fc3 sc0 lse ws71 gs898\">2022<span class=\"_ _383\"> </span></div><div class=\"t m0 h3a ff2 fs5 fc3 sc0 lse ws71 gs899\">Buy-to-Let<span class=\"_ _383\"> </span></div><div class=\"t m0 h3a ff2 fs5 fc3 sc0 lse ws71 gs89a\">\u00a3m<span class=\"_ _383\"> </span></div><div class=\"t m0 h3a ff2 fs5 fc3 sc0 lse ws71 gs89b\">Residential<span class=\"_ _383\"> </span></div><div class=\"t m0 h3a ff2 fs5 fc3 sc0 lse ws71 gs89c\">\u00a3m<span class=\"_ _383\"> </span></div><div class=\"t m0 h3a ff2 fs5 fc3 sc0 lse ws71 gs89d\">Bridging<span class=\"_ _383\"> </span></div><div class=\"t m0 h3a ff2 fs5 fc3 sc0 lse ws71 gs89e\">\u00a3m<span class=\"_ _383\"> </span></div><div class=\"t m0 h3a ff2 fs5 fc3 sc0 lse ws71 gs89f\">Sec<span class=\"_ _1\"></span>ond </div><div class=\"t m0 h3a ff2 fs5 fc3 sc0 lse ws71 gs8a0\">charge </div><div class=\"t m0 h3a ff2 fs5 fc3 sc0 lse ws71 gs8a1\">lending<span class=\"_ _383\"> </span></div><div class=\"t m0 h3a ff2 fs5 fc3 sc0 lse ws71 gs8a2\">\u00a3m<span class=\"_ _383\"> </span></div><div class=\"t m0 h3a ff2 fs5 fc3 sc0 lsc2 wsc1 gs8a3\">To<span class=\"_ _1\"></span>t<span class=\"_ _2\"></span>a<span class=\"_ _1\"></span>l<span class=\"_ _383\"> </span></div><div class=\"t m0 h3a ff2 fs5 fc3 sc0 lse ws71 gs8a4\">\u00a3m<span class=\"_ _116\"> </span><span class=\"ls2 ws2\">%<span class=\"_ _383\"> </span></span></div><div class=\"t m0 hc ff2 fs7 fc3 sc0 ls11 ws6e gs8a5\">Band<span class=\"_ _21c\"> </span><span class=\"ls2 ws2\"> <span class=\"_ _11a\"> </span> <span class=\"_ _11a\"> </span> <span class=\"_ _11a\"> </span> <span class=\"_ _11a\"> </span> <span class=\"_ _11a\"> </span> </span></div><div class=\"t m0 hd ff1 fs7 fc3 sc0 ls11 ws2 gs8a6\">0% \u2013 50%<span class=\"_ _2dc\"> </span><span class=\"ff2 ls2c ws29\">308.6<span class=\"_ _8c\"> </span><span class=\"lscd wsce\">498.<span class=\"_ _1\"></span>3<span class=\"_ _9d\"> </span><span class=\"lsc5 wsc4\">6<span class=\"_ _1\"></span>2<span class=\"_ _2\"></span>.9<span class=\"_ _96\"> </span>4<span class=\"_ _1\"></span>4<span class=\"_ _1\"></span>.9<span class=\"_ _3e\"> </span><span class=\"ls11 ws6e\">914.<span class=\"_ _1\"></span>7<span class=\"_ _d9\"> </span><span class=\"ls2 ws2\">9 </span></span></span></span></span></div><div class=\"t m0 hd ff1 fs7 fc3 sc0 ls11 ws2 gs8a7\">50% \u2013 60%<span class=\"_ _306\"> </span><span class=\"ff2 lsc6 wsc5\">7<span class=\"_ _1\"></span>9<span class=\"_ _2\"></span>9.<span class=\"_ _2\"></span>5<span class=\"_ _a9\"> </span><span class=\"ls14 ws11\">5<span class=\"_ _1\"></span>01.8<span class=\"_ _55\"> </span></span>2<span class=\"_ _1\"></span>9.9<span class=\"_ _55\"> </span>2<span class=\"_ _2\"></span>9.<span class=\"_ _1\"></span>9<span class=\"_ _7d\"> </span><span class=\"lsc3 wsc2\">1<span class=\"_ _2\"></span>,<span class=\"_ _1\"></span>3<span class=\"_ _2\"></span>61<span class=\"_ _1\"></span>.1<span class=\"_ _1da\"> </span><span class=\"ls14 ws11\">13 </span></span></span></div><div class=\"t m0 hd ff1 fs7 fc3 sc0 ls11 ws2 gs8a8\">60% \u2013 7<span class=\"_ _6\"></span>0%<span class=\"_ _c6\"> </span><span class=\"ff2 lsc4 wsc3\">2<span class=\"_ _2\"></span>,<span class=\"_ _0\"> </span>5<span class=\"_ _0\"> </span>8<span class=\"_ _0\"></span>7.<span class=\"_ _0\"></span>6<span class=\"_ _86\"> </span><span class=\"ls11 ws6e\">9<span class=\"_ _1\"></span>24.<span class=\"_ _1\"></span>2<span class=\"_ _93\"> </span><span class=\"lsff ws91\">25.6<span class=\"_ _59\"> </span></span>2<span class=\"_ _1\"></span>4.3<span class=\"_ _6b\"> </span><span class=\"ls33 ws30\">3<span class=\"_ _1\"></span>,<span class=\"_ _1\"></span>5<span class=\"_ _1\"></span>61<span class=\"_ _1\"></span>.7<span class=\"_ _ca\"> </span><span class=\"ls2 ws2\">3<span class=\"_ _1\"></span>4 </span></span></span></span></div><div class=\"t m0 hd ff1 fs7 fc3 sc0 ls11 ws2 gs8a9\">7<span class=\"_ _6\"></span>0% \u2013 80%<span class=\"_ _307\"> </span><span class=\"ff2 ls33 ws30\">3<span class=\"_ _1\"></span>,61<span class=\"_ _1\"></span>3<span class=\"_ _1\"></span>.<span class=\"_ _1\"></span>8<span class=\"_ _86\"> </span><span class=\"lsc5 wsc4\">6<span class=\"_ _1\"></span>2<span class=\"_ _1\"></span>2<span class=\"_ _2\"></span>.9<span class=\"_ _96\"> </span>2<span class=\"_ _1\"></span>6<span class=\"_ _2\"></span>.9<span class=\"_ _9c\"> </span><span class=\"lscd wsce\">13.7<span class=\"_ _d\"> </span><span class=\"lsc4 wsc3\">4<span class=\"_ _2\"></span>,<span class=\"_ _3\"> </span>2<span class=\"_ _2\"></span>7<span class=\"_ _3\"> </span>7.<span class=\"_ _0\"></span>3<span class=\"_ _20e\"> </span><span class=\"lse0 wse0\">41 </span></span></span></span></span></div><div class=\"t m0 hd ff1 fs7 fc3 sc0 ls11 ws2 gs8aa\">80% \u2013 90%<span class=\"_ _d3\"> </span><span class=\"ff2 lsc3 wsc2\">2<span class=\"_ _1\"></span>1<span class=\"_ _1\"></span>5<span class=\"_ _2\"></span>.1<span class=\"_ _5a\"> </span><span class=\"ls6f ws75\">146.8<span class=\"_ _15c\"> </span><span class=\"ls81 wsdf\">2<span class=\"_ _1\"></span>.4<span class=\"_ _5f\"> </span><span class=\"ls14 ws11\">1.<span class=\"_ _1\"></span>2<span class=\"_ _98\"> </span><span class=\"lse3 wse7\">365.5<span class=\"_ _d9\"> </span><span class=\"ls2 ws2\">3 </span></span></span></span></span></span></div><div class=\"t m0 hd ff1 fs7 fc3 sc0 ls11 ws2 gs8ab\">90% \u2013 100%<span class=\"_ _308\"> </span><span class=\"ff2 ws6e\">0.2<span class=\"_ _1c2\"> </span>0.8<span class=\"_ _5f\"> </span><span class=\"ls14 ws11\">1.5<span class=\"_ _1cc\"> </span><span class=\"ls2 ws2\">\u2013<span class=\"_ _1c2\"> </span><span class=\"ls6f ws75\">2<span class=\"_ _1\"></span>.5<span class=\"_ _1cc\"> </span></span>\u2013<span class=\"_ _383\"> </span></span></span></span></div><div class=\"t m0 hd ff1 fs7 fc3 sc0 ls11 ws6e gs8ac\">&gt;100%<span class=\"_ _1a0\"> </span><span class=\"ff2 ls2 ws2\">-<span class=\"_ _5f\"> </span><span class=\"lsc3 wsc2\">0<span class=\"_ _1\"></span>.1<span class=\"_ _15c\"> </span></span></span><span class=\"ff2\">0.5<span class=\"_ _d9\"> </span><span class=\"ls2 ws2\">\u2013<span class=\"_ _63\"> </span></span>0.<span class=\"_ _1\"></span>6<span class=\"_ _1cc\"> </span><span class=\"ls2 ws2\">\u2013<span class=\"_ _383\"> </span></span></span></div><div class=\"t m0 hc ff2 fs7 fc3 sc0 ls11 ws2 gs8ad\">T<span class=\"_ _8\"></span>otal loans before provisions<span class=\"_ _309\"> </span><span class=\"lse4 wse9\">7,<span class=\"_ _2\"></span>5<span class=\"_ _0\"></span>2<span class=\"_ _0\"></span>4<span class=\"_ _2\"></span>.<span class=\"_ _0\"> </span>8<span class=\"_ _6e\"> </span><span class=\"lsc5 wsc4\">2<span class=\"_ _1\"></span>,<span class=\"_ _1\"></span>6<span class=\"_ _2\"></span>9<span class=\"_ _1\"></span>4<span class=\"_ _1\"></span>.9<span class=\"_ _3d\"> </span><span class=\"ls6f ws75\">149<span class=\"_ _8\"></span>.7<span class=\"_ _3d\"> </span><span class=\"lscb wscb\">11<span class=\"_ _1\"></span>4.0<span class=\"_ _67\"> </span><span class=\"ls81 wsdf\">10<span class=\"_ _1\"></span>,4<span class=\"_ _1\"></span>8<span class=\"_ _1\"></span>3<span class=\"_ _1\"></span>.4<span class=\"_ _1b4\"> </span><span class=\"lse3 wse7\">10<span class=\"_ _1\"></span>0<span class=\"_ _383\"> </span></span></span></span></span></span></span><span class=\"lse4 wse9\"><span class=\"lsc5 wsc4\"><span class=\"ls6f ws75\"><span class=\"lscb wscb\"><span class=\"ls81 wsdf\"><span class=\"lse3 wse7\"> </span></span></span></span></span></span></div><div class=\"t m3 h3a ff2 fs5 fc3 sc0 ls62 ws187 gs8af\">CCFS<span class=\"_ _383\"> </span></div><div class=\"t m3 h8 ff1 fs5 fc3 sc0 lse ws71 gs8b0\">2021<span class=\"_ _383\"> </span></div><div class=\"t m3 h8 ff1 fs5 fc3 sc0 lse ws71 gs8b1\">Buy-to-Let<span class=\"_ _383\"> </span></div><div class=\"t m3 h8 ff1 fs5 fc3 sc0 lse ws71 gs8b2\">\u00a3m<span class=\"_ _383\"> </span></div><div class=\"t m3 h8 ff1 fs5 fc3 sc0 lse ws71 gs8b3\">Residential<span class=\"_ _383\"> </span></div><div class=\"t m3 h8 ff1 fs5 fc3 sc0 lse ws71 gs8b4\">\u00a3m<span class=\"_ _383\"> </span></div><div class=\"t m3 h8 ff1 fs5 fc3 sc0 lse ws71 gs8b5\">Bridging<span class=\"_ _383\"> </span></div><div class=\"t m3 h8 ff1 fs5 fc3 sc0 lse ws71 gs8b6\">\u00a3m<span class=\"_ _383\"> </span></div><div class=\"t m3 h8 ff1 fs5 fc3 sc0 lse ws2 gs8b7\">Second charge </div><div class=\"t m3 h8 ff1 fs5 fc3 sc0 lse ws71 gs8b8\">lending<span class=\"_ _383\"> </span></div><div class=\"t m3 h8 ff1 fs5 fc3 sc0 lse ws71 gs8b9\">\u00a3m<span class=\"_ _383\"> </span></div><div class=\"t m3 h8 ff1 fs5 fc3 sc0 lse1 wse5 gs8ba\">To<span class=\"_ _1\"></span>t<span class=\"_ _2\"></span>a<span class=\"_ _1\"></span>l<span class=\"_ _383\"> </span></div><div class=\"t m3 h8 ff1 fs5 fc3 sc0 lse ws71 gs8bb\">\u00a3m<span class=\"_ _1cc\"> </span><span class=\"ls2 ws2\">%<span class=\"_ _383\"> </span></span></div><div class=\"t m3 hc ff2 fs7 fc3 sc0 ls11 ws6e gs8bc\">Band<span class=\"_ _383\"> </span></div><div class=\"t m3 hd ff1 fs7 fc3 sc0 ls11 ws2 gs8bd\">0% \u2013 50%<span class=\"_ _30a\"> </span><span class=\"ls88 wse3\">10<span class=\"_ _1\"></span>4.<span class=\"_ _1\"></span>8<span class=\"_ _3b\"> </span><span class=\"lsa wse4\">2<span class=\"_ _1\"></span>61.<span class=\"_ _1\"></span>0<span class=\"_ _55\"> </span><span class=\"ls9f wsbc\">30.2<span class=\"_ _55\"> </span><span class=\"ls7d wse2\">32.2<span class=\"_ _a9\"> </span><span class=\"ls7c wsd0\">42<span class=\"_ _1\"></span>8<span class=\"_ _1\"></span>.<span class=\"_ _1\"></span>2<span class=\"_ _d9\"> </span></span></span></span></span></span><span class=\"ls2\">5 </span></div><div class=\"t m3 hd ff1 fs7 fc3 sc0 ls11 ws2 gs8be\">50% \u2013 60%<span class=\"_ _fe\"> </span><span class=\"lsd7 wsd7\">20<span class=\"_ _2\"></span>5<span class=\"_ _1\"></span>.4<span class=\"_ _91\"> </span><span class=\"lscd wsce\">246.8<span class=\"_ _5f\"> </span><span class=\"lsf8 wsfd\">9.<span class=\"_ _2\"></span>3<span class=\"_ _254\"> </span><span class=\"ls54 ws55\">28<span class=\"_ _1\"></span>.6<span class=\"_ _3b\"> </span><span class=\"lsed wsf2\">49<span class=\"_ _2\"></span>0<span class=\"_ _1\"></span>.1<span class=\"_ _35\"> </span></span></span></span></span></span><span class=\"ls2\">5 </span></div><div class=\"t m3 hd ff1 fs7 fc3 sc0 ls11 ws2 gs8bf\">60% \u2013 7<span class=\"_ _6\"></span>0%<span class=\"_ _2b4\"> </span><span class=\"lsd7 wsd7\">7<span class=\"_ _1\"></span>0<span class=\"_ _2\"></span>2<span class=\"_ _1\"></span>.4<span class=\"_ _3b\"> </span><span class=\"lsed wsf2\">4<span class=\"_ _1\"></span>8<span class=\"_ _2\"></span>0<span class=\"_ _1\"></span>.1<span class=\"_ _57\"> </span><span class=\"ls86 wsf1\">1<span class=\"_ _1\"></span>4<span class=\"_ _1\"></span>.9<span class=\"_ _254\"> </span><span class=\"ls6f ws75\">44.5<span class=\"_ _94\"> </span><span class=\"ls9f wsbc\">1,<span class=\"_ _1\"></span>241.<span class=\"_ _8\"></span>9<span class=\"_ _20e\"> </span><span class=\"ls14 ws11\">14 </span></span></span></span></span></span></div><div class=\"t m3 hd ff1 fs7 fc3 sc0 ls11 ws2 gs8c0\">7<span class=\"_ _6\"></span>0% \u2013 80%<span class=\"_ _30b\"> </span><span class=\"lsc8 wsc8\">4<span class=\"_ _2\"></span>,<span class=\"_ _0\"></span>8<span class=\"_ _0\"></span>2<span class=\"_ _0\"></span>7.<span class=\"_ _0\"></span>7<span class=\"_ _76\"> </span><span class=\"ls88 wse3\">1<span class=\"_ _1\"></span>,<span class=\"_ _1\"></span>23<span class=\"_ _1\"></span>4.<span class=\"_ _1\"></span>5<span class=\"_ _ce\"> </span><span class=\"lsd7 wsd7\">1<span class=\"_ _1\"></span>.4<span class=\"_ _1c2\"> </span></span></span>3<span class=\"_ _0\"></span>7.<span class=\"_ _2\"></span>1<span class=\"_ _76\"> </span><span class=\"ls89 wscc\">6<span class=\"_ _2\"></span>,1<span class=\"_ _1\"></span>0<span class=\"_ _1\"></span>0<span class=\"_ _1\"></span>.<span class=\"_ _1\"></span>7<span class=\"_ _2ec\"> </span><span class=\"ls78 ws109\">67<span class=\"_ _2\"></span> </span></span></span></div><div class=\"t m3 hd ff1 fs7 fc3 sc0 ls11 ws2 gs8c1\">80% \u2013 90%<span class=\"_ _306\"> </span><span class=\"ls9f wsbc\">56<span class=\"_ _1\"></span>0.5<span class=\"_ _91\"> </span><span class=\"ls86 wsf1\">2<span class=\"_ _1\"></span>6<span class=\"_ _2\"></span>8<span class=\"_ _1\"></span>.9<span class=\"_ _e5\"> </span></span>0.5<span class=\"_ _d0\"> </span><span class=\"ls88 wse3\">1<span class=\"_ _1\"></span>4.5<span class=\"_ _91\"> </span><span class=\"lsd7 wsd7\">8<span class=\"_ _2\"></span>4<span class=\"_ _1\"></span>4<span class=\"_ _1\"></span>.4<span class=\"_ _35\"> </span></span></span></span><span class=\"ls2\">9 </span></div><div class=\"t m3 hd ff1 fs7 fc3 sc0 ls11 ws2 gs8c2\">90% \u2013 100%<span class=\"_ _df\"> </span><span class=\"lsed wsf2\">0<span class=\"_ _1\"></span>.1<span class=\"_ _ce\"> </span><span class=\"lsd7 wsd7\">1<span class=\"_ _2\"></span>.4<span class=\"_ _d9\"> </span></span></span><span class=\"ls2\">\u2013<span class=\"_ _1cc\"> </span>\u2013<span class=\"_ _52\"> </span><span class=\"ls9f wsbc\">1.<span class=\"_ _1\"></span>5<span class=\"_ _1cc\"> </span></span>\u2013<span class=\"_ _383\"> </span></span></div><div class=\"t m3 hd ff2 fs7 fc3 sc0 ls11 ws2 gs8c3\">T<span class=\"_ _8\"></span>otal loans before provisions<span class=\"_ _30c\"> </span><span class=\"ff1 ls86 wsf1\">6<span class=\"_ _1\"></span>,4<span class=\"_ _2\"></span>0<span class=\"_ _2\"></span>0<span class=\"_ _1\"></span>.9<span class=\"_ _69\"> </span><span class=\"ls2 ws2\">2,4<span class=\"_ _6\"></span>92.7<span class=\"_ _96\"> </span><span class=\"ls7a wsa1\">56.3<span class=\"_ _e8\"> </span><span class=\"ls86 wsf1\">1<span class=\"_ _1\"></span>5<span class=\"_ _2\"></span>6<span class=\"_ _1\"></span>.9<span class=\"_ _73\"> </span><span class=\"lsf8 wsfd\">9,1<span class=\"_ _2\"></span>0<span class=\"_ _2\"></span>6<span class=\"_ _2\"></span>.<span class=\"_ _2\"></span>8<span class=\"_ _15c\"> </span><span class=\"ls6f ws75\">100<span class=\"_ _383\"> </span></span></span></span></span></span></span><span class=\"ff1 ls86 wsf1\"><span class=\"ls2 ws2\"><span class=\"ls7a wsa1\"><span class=\"ls86 wsf1\"><span class=\"lsf8 wsfd\"><span class=\"ls6f ws75\"> </span></span></span></span></span></span></div><div class=\"t m3 hc ff2 fs7 fc3 sc0 ls2c ws29 gs8c4\">Forbear<span class=\"_ _1\"></span>ance me<span class=\"_ _1\"></span>asure<span class=\"_ _1\"></span>s under<span class=\"_ _1\"></span>taken<span class=\"_ _383\"> </span></div><div class=\"t m3 hd ff1 fs7 fc3 sc0 ls11 ws2 gs8c5\">The Group has a r<span class=\"_ _6\"></span>ange of options available wher<span class=\"_ _6\"></span>e borrow<span class=\"_ _8\"></span><span class=\"_ _383\">ers experience \ufb01nancial difficulties that impact their ability to service their \ufb01nancial</span><span class=\"_ _1\"></span> </div><div class=\"t m3 hd ff1 fs7 fc3 sc0 ls11 ws2 gs8c6\">commitments under the loan agreemen<span class=\"_ _6\"></span>t. These options are explaine<span class=\"_ _6\"></span>d in the Risk revie<span class=\"_ _8\"></span>w on pages 52-75<span class=\"_ _8\"></span>.<span class=\"_ _1\"></span> </div><div class=\"t m3 hd ff1 fs7 fc3 sc0 ls11 ws2 gs8c7\">A summary of the forbear<span class=\"_ _6\"></span>ance measures undertak<span class=\"_ _8\"></span>en (excluding CO<span class=\"_ _8\"></span>VID-19 related paymen<span class=\"_ _6\"></span>t deferr<span class=\"_ _6\"></span>als) during the year is shown belo<span class=\"_ _6\"></span>w<span class=\"_ _8\"></span>. The<span class=\"_ _1\"></span> </div><div class=\"t m3 hd ff1 fs7 fc3 sc0 ls11 ws2 gs8c8\">balances disclosed re\ufb02ect the year end balance of the account<span class=\"_ _6\"></span>s where a forbear<span class=\"_ _6\"></span>ance measure w<span class=\"_ _6\"></span>as undertaken during the ye<span class=\"_ _6\"></span>ar<span class=\"_ _8\"></span>.<span class=\"_ _383\"> </span></div><div class=\"t m3 h3a ff2 fs5 fc3 sc0 lse ws2 gs8c9\">Forbearance type</div><div class=\"t m3 h3a ff2 fs5 fc3 sc0 lse ws2 gs8ca\"> Number of </div><div class=\"t m3 h3a ff2 fs5 fc3 sc0 lse ws71 gs8cb\">accounts<span class=\"_ _383\"> </span></div><div class=\"t m3 h3a ff2 fs5 fc3 sc0 lse ws71 gs8cc\">2022<span class=\"_ _383\"> </span></div><div class=\"t m3 h3a ff2 fs5 fc3 sc0 ls126 ws135 gs8cd\">At 3<span class=\"_ _1\"></span>1 </div><div class=\"t m3 h3a ff2 fs5 fc3 sc0 lse ws71 gs8ce\">Dec<span class=\"_ _1\"></span>ember </div><div class=\"t m3 h3a ff2 fs5 fc3 sc0 lse ws71 gs8cf\">2022<span class=\"_ _383\"> </span></div><div class=\"t m3 h3a ff2 fs5 fc3 sc0 lse ws71 gs8d0\">\u00a3m<span class=\"_ _383\"> </span></div><div class=\"t m3 h8 ff1 fs5 fc3 sc0 lse ws2 gs8d1\">Number of </div><div class=\"t m3 h8 ff1 fs5 fc3 sc0 lse ws71 gs8d2\">accounts<span class=\"_ _383\"> </span></div><div class=\"t m3 h8 ff1 fs5 fc3 sc0 lse ws71 gs8d3\">2021<span class=\"_ _383\"> </span></div><div class=\"t m3 h8 ff1 fs5 fc3 sc0 lse ws2 gs8d4\">At 31 December </div><div class=\"t m3 h8 ff1 fs5 fc3 sc0 lse ws71 gs8d5\">2021<span class=\"_ _383\"> </span></div><div class=\"t m3 h8 ff1 fs5 fc3 sc0 lse ws71 gs8d6\">\u00a3m<span class=\"_ _383\"> </span></div><div class=\"t m3 hd ff1 fs7 fc3 sc0 ls11 ws2 gs8d7\">Inter<span class=\"_ _6\"></span>est-only swit<span class=\"_ _6\"></span>ch<span class=\"_ _30d\"> </span><span class=\"ff2 lse5 wsea\">70 <span class=\"_ _5c\"> </span><span class=\"ls7e ws16\">12<span class=\"_ _1\"></span>.<span class=\"_ _1\"></span>2 <span class=\"_ _37\"> </span></span></span><span class=\"ls9f wsbc\">159<span class=\"_ _d0\"> </span><span class=\"ls14 ws11\">18.6<span class=\"_ _383\"> </span></span></span></div><div class=\"t m3 hd ff1 fs7 fc3 sc0 ls11 ws2 gs8d8\">Inter<span class=\"_ _6\"></span>est rat<span class=\"_ _6\"></span>e reduction<span class=\"_ _2b6\"> </span><span class=\"ff2 ls2\">9<span class=\"_ _1\"></span>1 <span class=\"_ _b2\"> </span><span class=\"lsc4 wsc3\">7.<span class=\"_ _2\"></span>5<span class=\"_ _0\"> </span> <span class=\"_ _4f\"> </span></span></span><span class=\"ls12 wsf\">4<span class=\"_ _1\"></span>37<span class=\"_ _ce\"> </span><span class=\"lsed wsf2\">8<span class=\"_ _1\"></span>.1<span class=\"_ _383\"> </span></span></span></div><div class=\"t m3 hd ff1 fs7 fc3 sc0 ls11 ws2 gs8d9\">T<span class=\"_ _8\"></span>erm extension<span class=\"_ _30e\"> </span><span class=\"ff2 ls2\">53 <span class=\"_ _37\"> </span><span class=\"lsc5 wsc4\">2<span class=\"_ _2\"></span>.9<span class=\"_ _1\"></span> <span class=\"_ _1b4\"> </span></span></span><span class=\"lscd wsce\">271<span class=\"_ _d0\"> </span><span class=\"ls7a wsa1\">16.6<span class=\"_ _383\"> </span></span></span></div><div class=\"t m3 hd ff1 fs7 fc3 sc0 ls11 ws2 gs8da\">Payment def<span class=\"_ _6\"></span>erral<span class=\"_ _30f\"> </span><span class=\"ff2 ws6e\">194 <span class=\"_ _50\"> </span><span class=\"ls7e ws11\"> 34.0<span class=\"_ _57\"> </span></span></span><span class=\"ls6f ws75\">499<span class=\"_ _96\"> </span></span><span class=\"ws6e\">43<span class=\"_ _1\"></span>.0<span class=\"_ _383\"> </span></span></div><div class=\"t m3 hd ff1 fs7 fc3 sc0 ls11 ws2 gs8db\">V<span class=\"_ _6\"></span>oluntary-assis<span class=\"_ _6\"></span>ted sale<span class=\"_ _310\"> </span><span class=\"ff2 ls2\">5 <span class=\"_ _b2\"> </span><span class=\"ls14 ws11\">1.<span class=\"_ _1\"></span>2 <span class=\"_ _b\"> </span></span><span class=\"ff1\">7<span class=\"_ _53\"> </span><span class=\"ls9f wsbc\">0.8<span class=\"_ _383\"> </span></span></span></span></div><div class=\"t m3 hd ff1 fs7 fc3 sc0 ls11 ws2 gs8dc\">Payment concession (reduced monthly paymen<span class=\"_ _6\"></span>ts)<span class=\"_ _166\"> </span><span class=\"ff2 ls2\">55 <span class=\"_ _5c\"> </span><span class=\"ls7e ws16\">12<span class=\"_ _1\"></span>.0 <span class=\"_ _ce\"> </span></span></span><span class=\"lsc7 ws7f\">51<span class=\"_ _1c2\"> </span><span class=\"lsed wsf2\">1<span class=\"_ _1\"></span>2<span class=\"_ _2\"></span>.1<span class=\"_ _383\"> </span></span></span></div><div class=\"t m3 hd ff1 fs7 fc3 sc0 ls11 ws2 gs8dd\">Capitalisation of int<span class=\"_ _6\"></span>erest<span class=\"_ _311\"> </span><span class=\"ff2 lse3 ws91\"> 27<span class=\"_ _53\"> </span><span class=\"lsc6 wsc5\">9.<span class=\"_ _1\"></span>0<span class=\"_ _2\"></span> <span class=\"_ _e5\"> </span></span></span><span class=\"ls14 ws11\">65<span class=\"_ _2ec\"> </span><span class=\"lsed wsf2\">1<span class=\"_ _2\"></span>.1<span class=\"_ _383\"> </span></span></span></div><div class=\"t m3 hd ff1 fs7 fc3 sc0 ls11 ws2 gs8de\">Full or partial debt forgiv<span class=\"_ _6\"></span>eness<span class=\"_ _217\"> </span><span class=\"ff2 lscd wsce\">359 <span class=\"_ _1b4\"> </span><span class=\"lsc6 wsc5\">9.<span class=\"_ _2\"></span>6<span class=\"_ _1\"></span> <span class=\"_ _5a\"> </span></span></span><span class=\"ls9f wsbc\">1,078<span class=\"_ _55\"> </span><span class=\"lse3 wse7\">22.6<span class=\"_ _383\"> </span></span></span></div><div class=\"t m3 hd ff2 fs7 fc3 sc0 ls113 ws17a gs8df\">To<span class=\"_ _1\"></span>t<span class=\"_ _2\"></span>a<span class=\"_ _2\"></span>l<span class=\"_ _312\"> </span><span class=\"ls1f ws1c\">854<span class=\"_ _59\"> </span>88.4<span class=\"_ _91\"> </span><span class=\"ff1 ls78 ws109\">2<span class=\"_ _1\"></span>,<span class=\"_ _1\"></span>5<span class=\"_ _2\"></span>67<span class=\"_ _e8\"> </span><span class=\"ls86 wsf1\">1<span class=\"_ _2\"></span>2<span class=\"_ _1\"></span>2<span class=\"_ _1\"></span>.9<span class=\"_ _383\"> </span></span></span></span></div><div class=\"t m3 hd ff2 fs5 fc3 sc0 lse ws2 gs8e0\">Loan type<span class=\"_ _313\"> </span><span class=\"fs7 ls2\"> <span class=\"_ _11a\"> </span> <span class=\"_ _21a\"> </span><span class=\"ff1\"> <span class=\"_ _11a\"> </span> </span></span></div><div class=\"t m3 hd ff1 fs7 fc3 sc0 ls11 ws2 gs8e1\">First char<span class=\"_ _8\"></span>ge owner-occupier<span class=\"_ _314\"> </span><span class=\"ff2 ls12 wsf\">217 <span class=\"_ _5c\"> </span><span class=\"lsc4 wsc3\">2<span class=\"_ _2\"></span>7.<span class=\"_ _0\"> </span>8<span class=\"_ _0\"> </span> <span class=\"_ _254\"> </span></span></span><span class=\"ls7c wsd0\">42<span class=\"_ _1\"></span>4<span class=\"_ _55\"> </span><span class=\"ls88 wse3\">34.<span class=\"_ _1\"></span>8<span class=\"_ _383\"> </span></span></span></div><div class=\"t m3 hd ff1 fs7 fc3 sc0 ls11 ws2 gs8e2\">Second charge owner<span class=\"_ _6\"></span>-occupier</div><div class=\"t m3 h1f ff1 fsf fc3 sc0 ls2 ws2 gs8e3\">1<span class=\"_ _383\"> </span></div><div class=\"t m3 hd ff2 fs7 fc3 sc0 ls2 ws2 gs8e4\">460 <span class=\"_ _37\"> </span><span class=\"lsc5 wsc4\">8<span class=\"_ _2\"></span>.9<span class=\"_ _1\"></span> <span class=\"_ _3b\"> </span><span class=\"ff1\">1,9<span class=\"_ _1\"></span>3<span class=\"_ _2\"></span>1<span class=\"_ _254\"> </span><span class=\"lse3 wse7\">3<span class=\"_ _1\"></span>8.7<span class=\"_ _383\"> </span></span></span></span></div><div class=\"t m3 hd ff1 fs7 fc3 sc0 ls11 ws6e gs8e5\">Buy-to-Le<span class=\"_ _6\"></span>t<span class=\"_ _22f\"> </span><span class=\"ff2 lsc9 wsc9\">107 <span class=\"_ _96\"> </span><span class=\"lsc4 wsc3\">3<span class=\"_ _0\"></span>7.<span class=\"_ _1\"></span>1<span class=\"_ _0\"></span> <span class=\"_ _d0\"> </span></span></span><span class=\"lscc wscd\">160<span class=\"_ _254\"> </span><span class=\"ls88 wse3\">34.<span class=\"_ _1\"></span>6<span class=\"_ _383\"> </span></span></span></div><div class=\"t m3 hd ff1 fs7 fc3 sc0 ls11 ws6e gs8e6\">Commercial<span class=\"_ _315\"> </span><span class=\"ff2 lse5 wsea\">70 <span class=\"_ _18d\"> </span><span class=\"ls11 ws55\"> 1<span class=\"_ _1\"></span>4.6<span class=\"_ _23f\"> </span></span></span><span class=\"ls7e ws16\">52<span class=\"_ _d0\"> </span><span class=\"ls88 wse3\">14.<span class=\"_ _1\"></span>8<span class=\"_ _383\"> </span></span></span></div><div class=\"t m3 hd ff2 fs7 fc3 sc0 ls113 ws17a gs8e7\">To<span class=\"_ _1\"></span>t<span class=\"_ _2\"></span>a<span class=\"_ _2\"></span>l<span class=\"_ _312\"> </span><span class=\"ls1f ws1c\">854<span class=\"_ _59\"> </span>88.4<span class=\"_ _91\"> </span><span class=\"ff1 ls78 ws109\">2<span class=\"_ _1\"></span>,<span class=\"_ _1\"></span>5<span class=\"_ _2\"></span>67<span class=\"_ _e8\"> </span><span class=\"ls86 wsf1\">1<span class=\"_ _2\"></span>2<span class=\"_ _1\"></span>2<span class=\"_ _1\"></span>.9<span class=\"_ _383\"> </span></span></span></span></div><div class=\"t m3 h8 ff1 fs5 fc3 sc0 ls2 ws2 gs8e8\">1. <span class=\"_ _41\"> </span> <span class=\"_ _23\"></span>T<span class=\"_ _1\"></span>hr<span class=\"_ _1\"></span>ou<span class=\"_ _1\"></span>gh 202<span class=\"_ _1\"></span>1 an<span class=\"_ _1\"></span>d th<span class=\"_ _1\"></span>e \ufb01rs<span class=\"_ _1\"></span>t qu<span class=\"_ _1\"></span>ar<span class=\"_ _1\"></span>te<span class=\"_ _1\"></span>r of 20<span class=\"_ _1\"></span>22, th<span class=\"_ _1\"></span>e G<span class=\"_ _1\"></span>rou<span class=\"_ _1\"></span>p un<span class=\"_ _1\"></span>de<span class=\"_ _1\"></span>r<span class=\"_ _1\"></span>too<span class=\"_ _1\"></span>k an ex<span class=\"_ _1\"></span>erc<span class=\"_ _1\"></span>is<span class=\"_ _1\"></span>e an<span class=\"_ _1\"></span>d pr<span class=\"_ _1\"></span>ovi<span class=\"_ _1\"></span>de<span class=\"_ _1\"></span>d a s<span class=\"_ _1\"></span>er<span class=\"_ _1\"></span>ie<span class=\"_ _1\"></span>s of fo<span class=\"_ _1\"></span>rb<span class=\"_ _1\"></span>ea<span class=\"_ _1\"></span>ran<span class=\"_ _1\"></span>c<span class=\"_ _1\"></span>e so<span class=\"_ _1\"></span>lut<span class=\"_ _1\"></span>ion<span class=\"_ _1\"></span>s an<span class=\"_ _1\"></span>d opt<span class=\"_ _1\"></span>io<span class=\"_ _1\"></span>ns to l<span class=\"_ _1\"></span>on<span class=\"_ _1\"></span>g-te<span class=\"_ _1\"></span>rm ar<span class=\"_ _1\"></span>re<span class=\"_ _1\"></span>ar<span class=\"_ _1\"></span>s </div><div class=\"t m3 h8 ff1 fs5 fc3 sc0 ls16e wsc gs8e9\">customers on<span class=\"_ _6\"></span> the Second charge<span class=\"_ _6\"></span> portfolio to support and<span class=\"_ _6\"></span> remedy the<span class=\"_ _6\"></span> accrued delinquency.<span class=\"_ _383\"> </span></div><div class=\"t m0 hc ff2 fs7 fc2 sc0 ls2 ws2 gs8eb\"><span class=\"_ _383\">45.\u2002Risk m</span><span class=\"_ _1\"></span>anag<span class=\"_ _1\"></span>eme<span class=\"_ _1\"></span>nt<span class=\"ff5 lsd4 ws46\"> co<span class=\"_ _1\"></span>ntinued<span class=\"_ _383\"> </span></span></div><div class=\"t m0 hc ff2 fs7 fc3 sc0 ls2c ws29 gs8ec\">Geo<span class=\"_ _1\"></span>graphic<span class=\"_ _1\"></span>al analysis by re<span class=\"_ _1\"></span>gion<span class=\"_ _383\"> </span></div><div class=\"t m0 hd ff1 fs7 fc3 sc0 ls11 ws2 gs8ed\">An analysis of loans<span class=\"_ _6\"></span>, excluding asset \ufb01nance leases<span class=\"_ _8\"></span>, by region is provided belo<span class=\"_ _6\"></span>w:<span class=\"_ _383\"> </span></div><div class=\"t m0 h3a ff2 fs5 fc3 sc0 lse ws71 gs8ee\">Region<span class=\"_ _383\"> </span></div><div class=\"t m0 h8 ff2 fs5 fc3 sc0 lse ws71 gs8ef\">2022<span class=\"_ _2dc\"> </span><span class=\"ff1\">2021<span class=\"_ _383\"> </span></span></div><div class=\"t m0 h3a ff2 fs5 fc3 sc0 ls125 ws135 gs8f0\">OSB<span class=\"_ _383\"> </span></div><div class=\"t m0 h3a ff2 fs5 fc3 sc0 lse ws71 gs8f1\">\u00a3m<span class=\"_ _383\"> </span></div><div class=\"t m0 h3a ff2 fs5 fc3 sc0 ls62 ws187 gs8f2\">CCFS<span class=\"_ _383\"> </span></div><div class=\"t m0 h3a ff2 fs5 fc3 sc0 lse ws71 gs8f3\">\u00a3m<span class=\"_ _383\"> </span></div><div class=\"t m0 h3a ff2 fs5 fc3 sc0 lsc2 wsc1 gs8f4\">To<span class=\"_ _1\"></span>t<span class=\"_ _2\"></span>a<span class=\"_ _1\"></span>l<span class=\"_ _383\"> </span></div><div class=\"t m0 h3a ff2 fs5 fc3 sc0 lse ws71 gs8f5\">\u00a3m</div><div class=\"t m0 h3a ff2 fs5 fc3 sc0 ls2 ws172 gs8f6\"> % </div><div class=\"t m0 h8 ff1 fs5 fc3 sc0 ls69 ws70 gs8f7\">OSB<span class=\"_ _383\"> </span></div><div class=\"t m0 h8 ff1 fs5 fc3 sc0 lse ws71 gs8f8\">\u00a3m<span class=\"_ _383\"> </span></div><div class=\"t m0 h8 ff1 fs5 fc3 sc0 lse ws71 gs8f9\">CCFS<span class=\"_ _383\"> </span></div><div class=\"t m0 h8 ff1 fs5 fc3 sc0 lse ws71 gs8fa\">\u00a3m<span class=\"_ _383\"> </span></div><div class=\"t m0 h8 ff1 fs5 fc3 sc0 lse1 wse5 gs8fb\">To<span class=\"_ _1\"></span>t<span class=\"_ _2\"></span>a<span class=\"_ _1\"></span>l<span class=\"_ _383\"> </span></div><div class=\"t m0 h8 ff1 fs5 fc3 sc0 lse ws71 gs8fc\">\u00a3m<span class=\"_ _3f\"> </span><span class=\"ls2 ws172\"> % </span></div><div class=\"t m0 hd ff1 fs7 fc3 sc0 ls11 ws2 gs8fd\">East Anglia<span class=\"_ _1fc\"> </span><span class=\"ff2 ls2c ws29\">453.<span class=\"_ _6\"></span>5<span class=\"_ _8e\"> </span><span class=\"ls2 ws2\">1,<span class=\"_ _6\"></span>136.<span class=\"_ _6\"></span>4<span class=\"_ _d2\"> </span><span class=\"lsc6 wsc5\">1<span class=\"_ _1\"></span>,<span class=\"_ _2\"></span>5<span class=\"_ _2\"></span>8<span class=\"_ _1\"></span>9.<span class=\"_ _1\"></span>9<span class=\"_ _35\"> </span></span>7 <span class=\"_ _a9\"> </span><span class=\"ff1 lsa wse4\">3<span class=\"_ _1\"></span>61<span class=\"_ _1\"></span>.<span class=\"_ _1\"></span>8<span class=\"_ _96\"> </span><span class=\"lsc8 wsc8\">9<span class=\"_ _2\"></span>6<span class=\"_ _1\"></span>7.<span class=\"_ _2\"></span>1<span class=\"_ _7f\"> </span><span class=\"ls2c ws29\">1,328.<span class=\"_ _8\"></span>9<span class=\"_ _d9\"> </span><span class=\"ls2 ws2\">6<span class=\"_ _383\"> </span></span></span></span></span></span></span></div><div class=\"t m0 hd ff1 fs7 fc3 sc0 ls11 ws2 gs8fe\">East Midlands<span class=\"_ _b8\"> </span><span class=\"ff2 lsc6 wsc5\">6<span class=\"_ _1\"></span>0<span class=\"_ _2\"></span>9.9<span class=\"_ _3e\"> </span><span class=\"lscd wsce\">691.<span class=\"_ _1\"></span>6<span class=\"_ _d2\"> </span><span class=\"ls14 ws11\">1,<span class=\"_ _1\"></span>301.5<span class=\"_ _d9\"> </span><span class=\"ls2 ws2\">6 <span class=\"_ _70\"> </span></span></span></span></span><span class=\"ls7a wsa1\">543.8<span class=\"_ _50\"> </span></span><span class=\"ls2\">555.8<span class=\"_ _76\"> </span><span class=\"lsf8 wsfd\">1<span class=\"_ _1\"></span>,<span class=\"_ _2\"></span>0<span class=\"_ _2\"></span>9<span class=\"_ _2\"></span>9.<span class=\"_ _2\"></span>6<span class=\"_ _118\"> </span></span>5<span class=\"_ _383\"> </span></span></div><div class=\"t m0 hd ff1 fs7 fc3 sc0 ls11 ws2 gs8ff\">Greater L<span class=\"_ _6\"></span>ondon<span class=\"_ _110\"> </span><span class=\"ff2 lsc6 wsc5\">5<span class=\"_ _2\"></span>,<span class=\"_ _1\"></span>5<span class=\"_ _2\"></span>5<span class=\"_ _2\"></span>9.<span class=\"_ _2\"></span>3<span class=\"_ _6c\"> </span><span class=\"ls7a wsa1\">3,293<span class=\"_ _1\"></span>.0<span class=\"_ _a5\"> </span><span class=\"lsf9 ws82\">8,852.3<span class=\"_ _52\"> </span><span class=\"ls2 ws2\">38 <span class=\"_ _9a\"> </span></span></span></span></span><span class=\"lsc5 wsc4\">4<span class=\"_ _1\"></span>,9<span class=\"_ _1\"></span>8<span class=\"_ _2\"></span>3<span class=\"_ _2\"></span>.<span class=\"_ _1\"></span>7<span class=\"_ _6b\"> </span><span class=\"lsc9 wsc9\">3,0<span class=\"_ _1\"></span>52.<span class=\"_ _1\"></span>6<span class=\"_ _6e\"> </span>8<span class=\"_ _1\"></span>,0<span class=\"_ _1\"></span>36.<span class=\"_ _1\"></span>3<span class=\"_ _23f\"> </span></span></span><span class=\"ls2\">39<span class=\"_ _383\"> </span></span></div><div class=\"t m0 hd ff1 fs7 fc3 sc0 ls11 ws6e gs900\">Guernsey<span class=\"_ _137\"> </span><span class=\"ff2 ls6f ws75\">21.5<span class=\"_ _1cc\"> </span><span class=\"ls2 ws2\">\u2013<span class=\"_ _55\"> </span></span>21.5<span class=\"_ _1cc\"> </span><span class=\"ls2 ws2\">\u2013<span class=\"_ _55\"> </span></span></span><span class=\"ls1e ws43\">26.<span class=\"_ _1\"></span>3<span class=\"_ _d9\"> </span><span class=\"ls2 ws2\">\u2013<span class=\"_ _55\"> </span></span>26.3<span class=\"_ _d9\"> </span><span class=\"ls2 ws2\">\u2013<span class=\"_ _383\"> </span></span></span></div><div class=\"t m0 hd ff1 fs7 fc3 sc0 ls11 ws6e gs901\">Jersey<span class=\"_ _316\"> </span><span class=\"ff2 ls7d wse2\">75.6<span class=\"_ _1cc\"> </span><span class=\"ls2 ws2\">\u2013<span class=\"_ _9d\"> </span></span>75.6<span class=\"_ _1cc\"> </span><span class=\"ls2 ws2\">\u2013<span class=\"_ _254\"> </span></span></span><span class=\"lsf8 wsfd\">9<span class=\"_ _0\"></span>9.<span class=\"_ _2\"></span>3<span class=\"_ _35\"> </span><span class=\"ls2 ws2\">\u2013<span class=\"_ _254\"> </span></span>9<span class=\"_ _2\"></span>9.<span class=\"_ _2\"></span>3<span class=\"_ _35\"> </span><span class=\"ls2 ws2\">\u2013<span class=\"_ _383\"> </span></span></span></div><div class=\"t m0 hd ff1 fs7 fc3 sc0 ls11 ws2 gs902\">North East<span class=\"_ _150\"> </span><span class=\"ff2 lsc6 wsc5\">16<span class=\"_ _2\"></span>9.<span class=\"_ _2\"></span>8<span class=\"_ _86\"> </span><span class=\"ls11 ws6e\">2<span class=\"_ _1\"></span>74.5<span class=\"_ _98\"> </span><span class=\"ls14 ws11\">444.3<span class=\"_ _d9\"> </span><span class=\"ls2 ws2\">2 <span class=\"_ _a9\"> </span></span></span></span></span><span class=\"ls86 wsf1\">1<span class=\"_ _1\"></span>5<span class=\"_ _1\"></span>3<span class=\"_ _2\"></span>.9<span class=\"_ _3e\"> </span><span class=\"lsd7 wsd7\">2<span class=\"_ _1\"></span>4<span class=\"_ _2\"></span>4.4<span class=\"_ _3e\"> </span><span class=\"ls6f ws75\">398.3<span class=\"_ _d9\"> </span></span></span></span><span class=\"ls2\">2<span class=\"_ _383\"> </span></span></div><div class=\"t m0 hd ff1 fs7 fc3 sc0 ls11 ws2 gs903\">North W<span class=\"_ _6\"></span>est<span class=\"_ _1fc\"> </span><span class=\"ff2 ls2\">906.6<span class=\"_ _a9\"> </span><span class=\"lscd wsce\">921.8<span class=\"_ _6e\"> </span><span class=\"ls81 wsdf\">1,<span class=\"_ _2\"></span>82<span class=\"_ _1\"></span>8<span class=\"_ _1\"></span>.4<span class=\"_ _35\"> </span></span></span>7 <span class=\"_ _86\"> </span></span><span class=\"lsd5 wsd5\">76<span class=\"_ _1\"></span>2<span class=\"_ _2\"></span>.<span class=\"_ _1\"></span>3<span class=\"_ _3e\"> </span></span><span class=\"ws6e\">755.0<span class=\"_ _70\"> </span><span class=\"lsc8 wsc8\">1<span class=\"_ _0\"></span>,<span class=\"_ _0\"></span>5<span class=\"_ _2\"></span>1<span class=\"_ _2\"></span>7.<span class=\"_ _3\"> </span>3<span class=\"_ _111\"> </span></span></span><span class=\"ls2\">7<span class=\"_ _383\"> </span></span></div><div class=\"t m0 hd ff1 fs7 fc3 sc0 ls11 ws2 gs904\">Northern Ireland<span class=\"_ _1ab\"> </span><span class=\"ff2 ls7e ws16\">10.0<span class=\"_ _1cc\"> </span><span class=\"ls2 ws2\">\u2013<span class=\"_ _96\"> </span></span>10.0<span class=\"_ _1cc\"> </span><span class=\"ls2 ws2\">\u2013<span class=\"_ _37\"> </span></span></span><span class=\"ls86 wsf1\">1<span class=\"_ _1\"></span>0<span class=\"_ _1\"></span>.9<span class=\"_ _d9\"> </span></span><span class=\"ls2\">\u2013<span class=\"_ _37\"> </span><span class=\"ls86 wsf1\">1<span class=\"_ _1\"></span>0<span class=\"_ _1\"></span>.9<span class=\"_ _d9\"> </span></span>\u2013<span class=\"_ _383\"> </span></span></div><div class=\"t m0 hd ff1 fs7 fc3 sc0 ls11 ws6e gs905\">Scotland<span class=\"_ _82\"> </span><span class=\"ff2 ls2 ws2\">36.9<span class=\"_ _a9\"> </span><span class=\"ls33 ws30\">2<span class=\"_ _1\"></span>61.<span class=\"_ _1\"></span>3<span class=\"_ _98\"> </span><span class=\"lscd wsce\">298.<span class=\"_ _1\"></span>2<span class=\"_ _111\"> </span></span></span>1 <span class=\"_ _e8\"> </span></span><span class=\"ls7a wsa1\">35.<span class=\"_ _1\"></span>2<span class=\"_ _a9\"> </span><span class=\"ls1e ws43\">226<span class=\"_ _1\"></span>.0<span class=\"_ _3b\"> </span><span class=\"lsa wse4\">2<span class=\"_ _1\"></span>61<span class=\"_ _1\"></span>.<span class=\"_ _1\"></span>2<span class=\"_ _103\"> </span><span class=\"ls2 ws2\">1<span class=\"_ _383\"> </span></span></span></span></span></div><div class=\"t m0 hd ff1 fs7 fc3 sc0 ls11 ws2 gs906\">South East<span class=\"_ _1a8\"> </span><span class=\"ff2 ls14 ws11\">2,8<span class=\"_ _1\"></span>02.<span class=\"_ _1\"></span>8<span class=\"_ _40\"> </span>1,681.<span class=\"_ _1\"></span>5<span class=\"_ _6c\"> </span><span class=\"ls22 ws1f\">4,4<span class=\"_ _1\"></span>8<span class=\"_ _1\"></span>4.<span class=\"_ _2\"></span>3<span class=\"_ _2ec\"> </span><span class=\"ls11 ws6e\">19 <span class=\"_ _9a\"> </span></span></span></span><span class=\"ls2\">2,792.6<span class=\"_ _76\"> </span><span class=\"lsd7 wsd7\">1<span class=\"_ _1\"></span>,4<span class=\"_ _1\"></span>5<span class=\"_ _1\"></span>2<span class=\"_ _1\"></span>.4<span class=\"_ _6b\"> </span><span class=\"ls88 wse3\">4,<span class=\"_ _1\"></span>2<span class=\"_ _1\"></span>45<span class=\"_ _1\"></span>.0<span class=\"_ _23f\"> </span><span class=\"ls14 ws11\">20<span class=\"_ _383\"> </span></span></span></span></span></div><div class=\"t m0 hd ff1 fs7 fc3 sc0 ls11 ws2 gs907\">South W<span class=\"_ _8\"></span>est<span class=\"_ _1fc\"> </span><span class=\"ff2 lscd wsce\">893.7<span class=\"_ _50\"> </span><span class=\"lsc6 wsc5\">6<span class=\"_ _1\"></span>5<span class=\"_ _1\"></span>9.<span class=\"_ _2\"></span>6<span class=\"_ _121\"> </span><span class=\"ls2c ws29\">1,553.3<span class=\"_ _d9\"> </span><span class=\"ls2 ws2\">7 <span class=\"_ _70\"> </span></span></span></span></span><span class=\"ls14 ws11\">825.5<span class=\"_ _5a\"> </span><span class=\"ls88 wse3\">5<span class=\"_ _1\"></span>44.<span class=\"_ _1\"></span>3<span class=\"_ _76\"> </span><span class=\"lsf8 wsfd\">1<span class=\"_ _2\"></span>,<span class=\"_ _2\"></span>3<span class=\"_ _2\"></span>6<span class=\"_ _2\"></span>9.<span class=\"_ _2\"></span>8<span class=\"_ _169\"> </span></span></span></span><span class=\"ls2\">7<span class=\"_ _383\"> </span></span></div><div class=\"t m0 hd ff1 fs7 fc3 sc0 ls11 ws6e gs908\">W<span class=\"_ _8\"></span>ales<span class=\"_ _317\"> </span><span class=\"ff2 lsc4 wsc3\">2<span class=\"_ _2\"></span>9<span class=\"_ _0\"></span>7.<span class=\"_ _0\"></span>5<span class=\"_ _50\"> </span></span><span class=\"ff2\">28<span class=\"_ _1\"></span>4.7<span class=\"_ _8c\"> </span><span class=\"ls7d wse2\">582.2<span class=\"_ _d9\"> </span><span class=\"ls2 ws2\">2 <span class=\"_ _91\"> </span></span></span></span><span class=\"lsed wsf2\">2<span class=\"_ _1\"></span>72<span class=\"_ _2\"></span>.1<span class=\"_ _a9\"> </span><span class=\"ls9f wsbc\">24<span class=\"_ _1\"></span>0.6<span class=\"_ _5c\"> </span><span class=\"lsc7 ws7f\">512.<span class=\"_ _1\"></span>7<span class=\"_ _d9\"> </span><span class=\"ls2 ws2\">2<span class=\"_ _383\"> </span></span></span></span></span></div><div class=\"t m0 hd ff1 fs7 fc3 sc0 ls11 ws2 gs909\">W<span class=\"_ _8\"></span>est Midlands<span class=\"_ _1ab\"> </span><span class=\"ff2 lsc5 wsc4\">9<span class=\"_ _1\"></span>0<span class=\"_ _2\"></span>8<span class=\"_ _1\"></span>.9<span class=\"_ _3d\"> </span><span class=\"ls9e ws98\">76<span class=\"_ _1\"></span>1<span class=\"_ _2\"></span>.<span class=\"_ _2\"></span>3<span class=\"_ _6b\"> </span><span class=\"lse5 wsea\">1<span class=\"_ _1\"></span>,<span class=\"_ _1\"></span>670<span class=\"_ _1\"></span>.<span class=\"_ _1\"></span>2<span class=\"_ _35\"> </span><span class=\"ls2 ws2\">7 <span class=\"_ _98\"> </span></span></span></span></span><span class=\"ls86 wsf1\">70<span class=\"_ _2\"></span>6<span class=\"_ _1\"></span>.9<span class=\"_ _18d\"> </span><span class=\"lsf8 wsfd\">6<span class=\"_ _2\"></span>2<span class=\"_ _2\"></span>9.<span class=\"_ _2\"></span>8<span class=\"_ _73\"> </span><span class=\"ls9f wsbc\">1,3<span class=\"_ _1\"></span>36.<span class=\"_ _1\"></span>7<span class=\"_ _35\"> </span></span></span></span><span class=\"ls2\">7<span class=\"_ _383\"> </span></span></div><div class=\"t m0 hd ff1 fs7 fc3 sc0 ls11 ws2 gs90a\">Y<span class=\"_ _1f6\"></span>orks and Humberside<span class=\"_ _b\"> </span><span class=\"ff2 ls6f ws75\">335.5<span class=\"_ _3b\"> </span><span class=\"lsc4 wsc3\">5<span class=\"_ _2\"></span>1<span class=\"_ _2\"></span>7.<span class=\"_ _0\"></span>7<span class=\"_ _98\"> </span><span class=\"ls2c ws29\">853.<span class=\"_ _1\"></span>2<span class=\"_ _1cc\"> </span><span class=\"ls2 ws2\">4 <span class=\"_ _70\"> </span></span></span></span></span><span class=\"ls7a wsa1\">36<span class=\"_ _1\"></span>6.8<span class=\"_ _50\"> </span><span class=\"lsd3 ws86\">438.8<span class=\"_ _50\"> </span></span>805.6<span class=\"_ _d9\"> </span></span><span class=\"ls2\">4<span class=\"_ _383\"> </span></span></div><div class=\"t m0 hc ff2 fs7 fc3 sc0 ls11 ws2 gs90b\">T<span class=\"_ _8\"></span>otal loans before </div><div class=\"t m0 hd ff2 fs7 fc3 sc0 ls11 ws6e gs90c\">provisions<span class=\"_ _b8\"> </span><span class=\"ls14 ws11\">13,081.5<span class=\"_ _1fe\"> </span><span class=\"ls81 wsdf\">1<span class=\"_ _1\"></span>0,4<span class=\"_ _1\"></span>8<span class=\"_ _1\"></span>3<span class=\"_ _2\"></span>.4<span class=\"_ _a2\"> </span><span class=\"lsc5 wsc4\">2<span class=\"_ _1\"></span>3<span class=\"_ _2\"></span>,<span class=\"_ _1\"></span>5<span class=\"_ _1\"></span>6<span class=\"_ _2\"></span>4<span class=\"_ _1\"></span>.9<span class=\"_ _1b4\"> </span><span class=\"lse3 wse7\">10<span class=\"_ _1\"></span>0 <span class=\"_ _40\"> </span><span class=\"ff1 ls9f wsbc\">11,94<span class=\"_ _6\"></span>1.<span class=\"_ _6\"></span>1<span class=\"_ _76\"> </span><span class=\"lsf8 wsfd\">9,1<span class=\"_ _2\"></span>0<span class=\"_ _2\"></span>6<span class=\"_ _2\"></span>.<span class=\"_ _2\"></span>8<span class=\"_ _6e\"> </span><span class=\"lsc8 wsc8\">2<span class=\"_ _2\"></span>1<span class=\"_ _0\"></span>,<span class=\"_ _0\"></span>0<span class=\"_ _0\"></span>4<span class=\"_ _2\"></span>7.<span class=\"_ _1\"></span>9<span class=\"_ _15c\"> </span><span class=\"ls6f ws75\">10<span class=\"_ _1\"></span>0 </span></span></span></span></span></span></span></span></div><div class=\"t m0 hc ff2 fs7 fc3 sc0 ls2 ws2 gs90d\">Appr<span class=\"_ _1\"></span>oa<span class=\"_ _1\"></span>ch to me<span class=\"_ _1\"></span>as<span class=\"_ _1\"></span>urem<span class=\"_ _1\"></span>ent o<span class=\"_ _1\"></span>f cre<span class=\"_ _1\"></span>dit qualit<span class=\"_ _1\"></span>y<span class=\"_ _383\"> </span></div><div class=\"t m0 hd ff1 fs7 fc3 sc0 ls11 ws2 gs90e\">The Group categorises the cr<span class=\"_ _6\"></span>edit quality of loans and advances to cus<span class=\"_ _6\"></span>tomers in<span class=\"_ _6\"></span>to internal risk gr<span class=\"_ _6\"></span>ades based on the 12 month PD calculate<span class=\"_ _6\"></span>d at the </div><div class=\"t m0 hd ff1 fs7 fc3 sc0 ls11 ws2 gs90f\">reporting date. The PDs include a combination of in<span class=\"_ _6\"></span>ternal behavioural and cr<span class=\"_ _6\"></span>edit bureau char<span class=\"_ _6\"></span>acteristics and ar<span class=\"_ _6\"></span>e aligned with Capital models to </div><div class=\"t m0 hd ff1 fs7 fc3 sc0 ls11 ws2 gs910\">generate the risk gr<span class=\"_ _6\"></span>ades which are then further grouped in<span class=\"_ _6\"></span>to the following cr<span class=\"_ _6\"></span>edit quality segments:<span class=\"_ _383\"> </span></div><div class=\"t m0 hd ff1 fs7 fc3 sc0 ls11 ws6e gs911\">\u2022 <span class=\"_ _124\"> </span><span class=\"ws2\">Excellent quality \u2013 where there is a v<span class=\"_ _8\"></span>ery high likelihood the asset will be r<span class=\"_ _6\"></span>ecover<span class=\"_ _6\"></span>ed in full with a negligible or very lo<span class=\"_ _6\"></span>w risk of default.<span class=\"_ _383\"> </span></span></div><div class=\"t m0 hd ff1 fs7 fc3 sc0 ls11 ws6e gs912\">\u2022 <span class=\"_ _124\"> </span><span class=\"ws2\">Good quality \u2013 where there is a high lik<span class=\"_ _8\"></span>eliho<span class=\"_ _1\"></span>od the asset will be recov<span class=\"_ _6\"></span>ered in full with a lo<span class=\"_ _6\"></span>w risk of def<span class=\"_ _6\"></span>ault.<span class=\"_ _383\"> </span></span></div><div class=\"t m0 hd ff1 fs7 fc3 sc0 ls11 ws6e gs913\">\u2022 <span class=\"_ _124\"> </span><span class=\"ws2\">Satisfactory quality \u2013 where the assets demons<span class=\"_ _6\"></span>trate a moder<span class=\"_ _8\"></span>ate default risk. </span></div><div class=\"t m0 hd ff1 fs7 fc3 sc0 ls11 ws6e gs914\">\u2022 <span class=\"_ _124\"> </span><span class=\"ws2\">Low<span class=\"_ _6\"></span>er quality \u2013 where the assets r<span class=\"_ _6\"></span>equire closer monitoring and the risk o<span class=\"_ _6\"></span>f default is of gr<span class=\"_ _6\"></span>eater concern.<span class=\"_ _383\"> </span></span></div><div class=\"t m0 hd ff1 fs7 fc3 sc0 ls11 ws2 gs915\">The following t<span class=\"_ _6\"></span>ables disclose the credit risk quality r<span class=\"_ _6\"></span>atings of loans and advances to cus<span class=\"_ _6\"></span>tomers by IFRS 9 s<span class=\"_ _6\"></span>tage. The assessmen<span class=\"_ _6\"></span>t of whether cr<span class=\"_ _6\"></span>edit </div><div class=\"t m0 hd ff1 fs7 fc3 sc0 ls11 ws2 gs916\">risk has increased signi\ufb01can<span class=\"_ _6\"></span>tly since initial recognition is performed for each reporting period for the lif<span class=\"_ _6\"></span>e of the loan. Lo<span class=\"_ _6\"></span>ans and advances to </div><div class=\"t m0 hd ff1 fs7 fc3 sc0 ls11 ws2 gs917\">customer<span class=\"_ _6\"></span>s initially book<span class=\"_ _6\"></span>ed on very lo<span class=\"_ _6\"></span>w PDs and graded as e<span class=\"_ _6\"></span>xcellent quality loans c<span class=\"_ _6\"></span>an experience a SICR and theref<span class=\"_ _6\"></span>ore be mo<span class=\"_ _6\"></span>ved to St<span class=\"_ _6\"></span>age 2. Such </div><div class=\"t m0 hd ff1 fs7 fc3 sc0 ls11 ws2 gs918\">loans may still be gr<span class=\"_ _6\"></span>aded as ex<span class=\"_ _6\"></span>cellent quality, if they meet the ov<span class=\"_ _6\"></span>erall criteria. </div><div class=\"t m0 hd ff1 fs7 fc3 sc0 ls11 ws2 gs919\">During 2022, the Group de<span class=\"_ _8\"></span>veloped capital models as part of the IRB progr<span class=\"_ _6\"></span>amme. As a result, the disclosur<span class=\"_ _6\"></span>es pro<span class=\"_ _6\"></span>vided below ar<span class=\"_ _6\"></span>e now aligned to </div><div class=\"t m0 hd ff1 fs7 fc3 sc0 ls11 ws2 gs91a\">internal capital models and r<span class=\"_ _8\"></span>ating systems. The 2<span class=\"_ _6\"></span>021 \ufb01gures wer<span class=\"_ _6\"></span>e updated to r<span class=\"_ _6\"></span>e\ufb02ect the re<span class=\"_ _6\"></span>vised alignment with capital models which, compar<span class=\"_ _6\"></span>ed </div><div class=\"t m0 hd ff1 fs7 fc3 sc0 ls11 ws2 gs91b\">to 2021 Annual r<span class=\"_ _6\"></span>eport disclosures, result<span class=\"_ _6\"></span>ed in a reduction of 11% fr<span class=\"_ _6\"></span>om OSB segmen<span class=\"_ _6\"></span>t\u2019<span class=\"_ _1f6\"></span>s Excellent quality, a 6% increase in Good, a 3% increase in </div><div class=\"t m0 hd ff1 fs7 fc3 sc0 ls11 ws2 gs91c\">Satisfactory and a 2% incr<span class=\"_ _6\"></span>ease in Lo<span class=\"_ _6\"></span>wer<span class=\"_ _1f6\"></span>. CCFS segment \ufb01gures r<span class=\"_ _6\"></span>emain largely aligned with minor mo<span class=\"_ _6\"></span>vemen<span class=\"_ _6\"></span>ts across segmen<span class=\"_ _6\"></span>ts.<span class=\"_ _383\"> </span></div><div class=\"t m3 h3a ff2 fs5 fc3 sc0 lse ws71 gs91e\">2022<span class=\"_ _383\"> </span></div><div class=\"t m3 h3a ff2 fs5 fc3 sc0 lse ws2 gs91f\">Stage 1<span class=\"_ _383\"> </span></div><div class=\"t m3 h3a ff2 fs5 fc3 sc0 lse ws71 gs920\">\u00a3m<span class=\"_ _383\"> </span></div><div class=\"t m3 h3a ff2 fs5 fc3 sc0 lse ws2 gs921\">Stage 2<span class=\"_ _383\"> </span></div><div class=\"t m3 h3a ff2 fs5 fc3 sc0 lse ws71 gs922\">\u00a3m<span class=\"_ _383\"> </span></div><div class=\"t m3 h3a ff2 fs5 fc3 sc0 lse ws2 gs923\">Stage 3<span class=\"_ _383\"> </span></div><div class=\"t m3 h3a ff2 fs5 fc3 sc0 lse ws71 gs924\">\u00a3m<span class=\"_ _383\"> </span></div><div class=\"t m3 h3a ff2 fs5 fc3 sc0 lse ws2 gs925\">Stage 3<span class=\"_ _383\"> </span></div><div class=\"t m3 h3a ff2 fs5 fc3 sc0 lse ws71 gs926\">(POCI)<span class=\"_ _383\"> </span></div><div class=\"t m3 h3a ff2 fs5 fc3 sc0 lse ws71 gs927\">\u00a3m<span class=\"_ _383\"> </span></div><div class=\"t m3 h3a ff2 fs5 fc3 sc0 lsc2 wsc1 gs928\">To<span class=\"_ _1\"></span>t<span class=\"_ _2\"></span>a<span class=\"_ _1\"></span>l<span class=\"_ _383\"> </span></div><div class=\"t m3 h3a ff2 fs5 fc3 sc0 lse ws71 gs929\">\u00a3m<span class=\"_ _383\"> </span></div><div class=\"t m3 h3a ff2 fs5 fc3 sc0 lse ws2 gs92a\">PD low<span class=\"_ _6\"></span>er </div><div class=\"t m3 h3a ff2 fs5 fc3 sc0 lse ws71 gs92b\">range<span class=\"_ _383\"> </span></div><div class=\"t m3 h3a ff2 fs5 fc3 sc0 ls2 ws2 gs92c\">%<span class=\"_ _383\"> </span></div><div class=\"t m3 h3a ff2 fs5 fc3 sc0 lse ws2 gs92d\">PD upper </div><div class=\"t m3 h3a ff2 fs5 fc3 sc0 lse ws71 gs92e\">range<span class=\"_ _383\"> </span></div><div class=\"t m3 h3a ff2 fs5 fc3 sc0 ls2 ws2 gs92f\">%<span class=\"_ _383\"> </span></div><div class=\"t m3 hc ff2 fs7 fc3 sc0 ls7c wsd0 gs930\">OSB<span class=\"_ _15b\"> </span><span class=\"ls2 ws2\"> <span class=\"_ _21a\"> </span> <span class=\"_ _11a\"> </span> <span class=\"_ _11a\"> </span> <span class=\"_ _11a\"> </span> <span class=\"_ _11a\"> </span> <span class=\"_ _11a\"> </span> </span></div><div class=\"t m3 hd ff1 fs7 fc3 sc0 ls11 ws6e gs931\">Excellent<span class=\"_ _1c0\"> </span><span class=\"ff2 ls2 ws2\">4,<span class=\"_ _6\"></span>136.6 <span class=\"_ _122\"> </span><span class=\"lsca wsca\">470<span class=\"_ _1\"></span>.<span class=\"_ _1\"></span>6<span class=\"_ _1\"></span> <span class=\"_ _3f\"> </span></span>\u2013 <span class=\"_ _20e\"> </span>\u2013 <span class=\"_ _1a\"> </span>4,60<span class=\"_ _6\"></span>7<span class=\"_ _1f6\"></span>.2 <span class=\"_ _3f\"> </span>\u2013 <span class=\"_ _61\"> </span><span class=\"ls11 ws6e\">0.<span class=\"_ _1\"></span>3 </span></span></div><div class=\"t m3 hd ff1 fs7 fc3 sc0 lsc9 wsc9 gs932\">Good<span class=\"_ _1be\"> </span><span class=\"ff2 ls6f ws75\">5,848.5 <span class=\"_ _1a\"> </span><span class=\"ls81 wsdf\">1<span class=\"_ _1\"></span>,<span class=\"_ _2\"></span>24<span class=\"_ _1\"></span>8<span class=\"_ _1\"></span>.4<span class=\"_ _1\"></span> <span class=\"_ _3f\"> </span><span class=\"ls2 ws2\">\u2013 <span class=\"_ _20e\"> </span>\u2013 <span class=\"_ _89\"> </span>7<span class=\"_ _1f6\"></span>,096.<span class=\"_ _8\"></span>9 <span class=\"_ _d0\"> </span><span class=\"ls11 ws6e\">0.3<span class=\"_ _1\"></span> <span class=\"_ _61\"> </span><span class=\"ls7e ws16\">2.0<span class=\"_ _1\"></span> </span></span></span></span></span></div><div class=\"t m3 hd ff1 fs7 fc3 sc0 ls11 ws6e gs933\">Satisfactory<span class=\"_ _318\"> </span><span class=\"ff2 ls14 ws11\">331.8 <span class=\"_ _122\"> </span></span><span class=\"ff2\">374.<span class=\"_ _1\"></span>2<span class=\"_ _1\"></span> <span class=\"_ _20e\"> </span><span class=\"ls2 ws2\">\u2013 <span class=\"_ _3f\"> </span>\u2013 <span class=\"_ _94\"> </span>706.0 <span class=\"_ _9c\"> </span><span class=\"ls7e ws16\">2.0<span class=\"_ _1\"></span> <span class=\"_ _63\"> </span><span class=\"lsc4 wsc3\">7.<span class=\"_ _1\"></span>4<span class=\"_ _0\"> </span> </span></span></span></span></div><div class=\"t m3 hd ff1 fs7 fc3 sc0 ls81 wsdf gs934\">Lower<span class=\"_ _2a1\"> </span><span class=\"ff2 lsc6 wsc5\">2<span class=\"_ _1\"></span>9.9<span class=\"_ _2\"></span> <span class=\"_ _8c\"> </span><span class=\"ls2 ws2\">416.5 <span class=\"_ _20e\"> </span>\u2013 <span class=\"_ _3f\"> </span>\u2013 <span class=\"_ _7d\"> </span>446.4 <span class=\"_ _b2\"> </span><span class=\"lsc4 wsc3\">7.<span class=\"_ _2\"></span>4<span class=\"_ _0\"></span> <span class=\"_ _74\"> </span><span class=\"ls7e ws16\">10<span class=\"_ _1\"></span>0.0 </span></span></span></span></div><div class=\"t m3 hd ff1 fs7 fc3 sc0 ls11 ws6e gs935\">Impaired<span class=\"_ _2a1\"> </span><span class=\"ff2 ls2 ws2\">\u2013 <span class=\"_ _3f\"> </span>\u2013 <span class=\"_ _74\"> </span><span class=\"lsc6 wsc5\">3<span class=\"_ _2\"></span>4<span class=\"_ _2\"></span>9.<span class=\"_ _1\"></span>7<span class=\"_ _2\"></span> <span class=\"_ _3f\"> </span></span>\u2013 <span class=\"_ _74\"> </span><span class=\"lsc6 wsc5\">3<span class=\"_ _2\"></span>4<span class=\"_ _2\"></span>9.<span class=\"_ _2\"></span>7<span class=\"_ _2\"></span> <span class=\"_ _122\"> </span><span class=\"ls7e ws16\">1<span class=\"_ _1\"></span>00.0<span class=\"_ _1\"></span> <span class=\"_ _74\"> </span>10<span class=\"_ _1\"></span>0.0 </span></span></span></div><div class=\"t m3 hd ff1 fs7 fc3 sc0 ls11 ws6e gs936\">POCI<span class=\"_ _319\"> </span><span class=\"ff2 ls2 ws2\">\u2013 <span class=\"_ _20e\"> </span>\u2013 <span class=\"_ _3f\"> </span>\u2013 <span class=\"_ _3d\"> </span><span class=\"ls6f ws75\">38.5 <span class=\"_ _3d\"> </span>38<span class=\"_ _1\"></span>.5 <span class=\"_ _74\"> </span><span class=\"ls7e ws16\">10<span class=\"_ _1\"></span>0.0 <span class=\"_ _74\"> </span>10<span class=\"_ _1\"></span>0.0 </span></span></span></div><div class=\"t m3 hc ff2 fs7 fc3 sc0 lscc wscd gs937\">CCFS<span class=\"_ _f8\"> </span><span class=\"ls2 ws2\"> <span class=\"_ _21a\"> </span> <span class=\"_ _11a\"> </span> <span class=\"_ _11a\"> </span> <span class=\"_ _11a\"> </span> <span class=\"_ _11a\"> </span> <span class=\"_ _11a\"> </span> </span></div><div class=\"t m3 hd ff1 fs7 fc3 sc0 ls11 ws6e gs938\">Excellent<span class=\"_ _2c8\"> </span><span class=\"ff2 ls2 ws2\">5,800.<span class=\"_ _1\"></span>2 <span class=\"_ _50\"> </span><span class=\"lsc3 wsc2\">9<span class=\"_ _2\"></span>1<span class=\"_ _1\"></span>0<span class=\"_ _1\"></span>.1<span class=\"_ _1\"></span> <span class=\"_ _3f\"> </span></span>\u2013 <span class=\"_ _20e\"> </span>\u2013 <span class=\"_ _89\"> </span></span><span class=\"ff2\">6,7<span class=\"_ _1\"></span>10.3<span class=\"_ _1\"></span> <span class=\"_ _3f\"> </span><span class=\"ls2 ws2\">\u2013 <span class=\"_ _9c\"> </span></span>0.<span class=\"_ _1\"></span>3 </span></div><div class=\"t m3 hd ff1 fs7 fc3 sc0 lsc9 wsc9 gs939\">Good<span class=\"_ _1be\"> </span><span class=\"ff2 lsf6 wsfb\">2,39<span class=\"_ _6\"></span>4.2<span class=\"_ _6\"></span> <span class=\"_ _7d\"> </span><span class=\"ls7a wsa1\">668.2 <span class=\"_ _3f\"> </span><span class=\"ls2 ws2\">\u2013 <span class=\"_ _20e\"> </span>\u2013 <span class=\"_ _aa\"> </span>3,062.4 <span class=\"_ _9c\"> </span><span class=\"ls11 ws6e\">0.<span class=\"_ _1\"></span>3 <span class=\"_ _61\"> </span><span class=\"ls7e ws16\">2<span class=\"_ _1\"></span>.0 </span></span></span></span></span></div><div class=\"t m3 hd ff1 fs7 fc3 sc0 ls11 ws6e gs93a\">Satisfactory<span class=\"_ _2c8\"> </span><span class=\"ff2 ls81 wsdf\">151<span class=\"_ _1\"></span>.4<span class=\"_ _1\"></span> <span class=\"_ _8c\"> </span><span class=\"ls2c ws29\">143.9 <span class=\"_ _20e\"> </span><span class=\"ls2 ws2\">\u2013 <span class=\"_ _20e\"> </span>\u2013 <span class=\"_ _94\"> </span><span class=\"lscd wsce\">2<span class=\"_ _1\"></span>95.3 <span class=\"_ _61\"> </span><span class=\"ls7e ws16\">2<span class=\"_ _1\"></span>.0 <span class=\"_ _63\"> </span><span class=\"lsc4 wsc3\">7.<span class=\"_ _2\"></span>4<span class=\"_ _0\"></span> </span></span></span></span></span></span></div><div class=\"t m3 hd ff1 fs7 fc3 sc0 ls81 wsdf gs93b\">Lower<span class=\"_ _2a1\"> </span><span class=\"ff2 lsc6 wsc5\">2<span class=\"_ _1\"></span>9.<span class=\"_ _1\"></span>7<span class=\"_ _2\"></span> <span class=\"_ _70\"> </span><span class=\"ls14 ws11\">185.<span class=\"_ _1\"></span>2 <span class=\"_ _3f\"> </span><span class=\"ls2 ws2\">\u2013 <span class=\"_ _20e\"> </span>\u2013 <span class=\"_ _8c\"> </span><span class=\"ls6f ws75\">214.9 <span class=\"_ _b2\"> </span><span class=\"lsc4 wsc3\">7.<span class=\"_ _2\"></span>4<span class=\"_ _0\"></span> <span class=\"_ _74\"> </span><span class=\"ls7e ws16\">10<span class=\"_ _1\"></span>0.0 </span></span></span></span></span></span></div><div class=\"t m3 hd ff1 fs7 fc3 sc0 ls11 ws6e gs93c\">Impaired<span class=\"_ _2a1\"> </span><span class=\"ff2 ls2 ws2\">\u2013 <span class=\"_ _3f\"> </span>\u2013 <span class=\"_ _83\"> </span>156.0 <span class=\"_ _3f\"> </span>\u2013 <span class=\"_ _83\"> </span>156.0 <span class=\"_ _74\"> </span><span class=\"ls7e ws16\">10<span class=\"_ _1\"></span>0.0 <span class=\"_ _74\"> </span>10<span class=\"_ _1\"></span>0.0 </span></span></div><div class=\"t m3 hd ff1 fs7 fc3 sc0 ls11 ws6e gs93d\">POCI<span class=\"_ _319\"> </span><span class=\"ff2 ls2 ws2\">\u2013 <span class=\"_ _20e\"> </span>\u2013 <span class=\"_ _3f\"> </span>\u2013 <span class=\"_ _3d\"> </span></span><span class=\"ff2\">44.5<span class=\"_ _1\"></span> <span class=\"_ _3d\"> </span>44.5<span class=\"_ _1\"></span> <span class=\"_ _74\"> </span><span class=\"ls7e ws16\">10<span class=\"_ _1\"></span>0.0 <span class=\"_ _74\"> </span>10<span class=\"_ _1\"></span>0.0 </span></span></div><div class=\"t m3 hd ff1 fs7 fc3 sc0 ls2 ws2 gs93e\"> <span class=\"_ _31a\"> </span><span class=\"ff2 ls33 ws30\">18<span class=\"_ _1\"></span>,<span class=\"_ _1\"></span>72<span class=\"_ _1\"></span>2<span class=\"_ _1\"></span>.<span class=\"_ _1\"></span>3<span class=\"_ _1\"></span> <span class=\"_ _40\"> </span><span class=\"lsc4 wsc3\">4<span class=\"_ _0\"></span>,<span class=\"_ _2\"></span>4<span class=\"_ _2\"></span>1<span class=\"_ _2\"></span>7.<span class=\"_ _1\"></span>1<span class=\"_ _0\"> </span> <span class=\"_ _94\"> </span><span class=\"lscd wsce\">50<span class=\"_ _1\"></span>5.7 <span class=\"_ _18d\"> </span><span class=\"ls7e ws16\">8<span class=\"_ _1\"></span>3.0<span class=\"_ _1\"></span> <span class=\"_ _fc\"> </span></span></span></span></span><span class=\"ff2\">23,728.<span class=\"_ _8\"></span>1 <span class=\"_ _18e\"> </span> <span class=\"_ _11a\"> </span> </span></div><div class=\"t m3 h8 ff1 fs5 fc3 sc0 lse ws71 gs93f\">2021<span class=\"_ _383\"> </span></div><div class=\"t m3 h8 ff1 fs5 fc3 sc0 lse ws2 gs940\">Stage 1<span class=\"_ _383\"> </span></div><div class=\"t m3 h8 ff1 fs5 fc3 sc0 lse ws71 gs941\">\u00a3m<span class=\"_ _383\"> </span></div><div class=\"t m3 h8 ff1 fs5 fc3 sc0 lse ws2 gs942\">Stage 2<span class=\"_ _383\"> </span></div><div class=\"t m3 h8 ff1 fs5 fc3 sc0 lse ws71 gs943\">\u00a3m<span class=\"_ _383\"> </span></div><div class=\"t m3 h8 ff1 fs5 fc3 sc0 lse ws2 gs944\">Stage 3<span class=\"_ _383\"> </span></div><div class=\"t m3 h8 ff1 fs5 fc3 sc0 lse ws71 gs945\">\u00a3m<span class=\"_ _383\"> </span></div><div class=\"t m3 h8 ff1 fs5 fc3 sc0 lse ws2 gs946\">Stage 3<span class=\"_ _383\"> </span></div><div class=\"t m3 h8 ff1 fs5 fc3 sc0 lse ws71 gs947\">(POCI)<span class=\"_ _383\"> </span></div><div class=\"t m3 h8 ff1 fs5 fc3 sc0 lse ws71 gs948\">\u00a3m<span class=\"_ _383\"> </span></div><div class=\"t m3 h8 ff1 fs5 fc3 sc0 lse1 wse5 gs949\">To<span class=\"_ _1\"></span>t<span class=\"_ _2\"></span>a<span class=\"_ _1\"></span>l<span class=\"_ _383\"> </span></div><div class=\"t m3 h8 ff1 fs5 fc3 sc0 lse ws71 gs94a\">\u00a3m<span class=\"_ _383\"> </span></div><div class=\"t m3 h8 ff1 fs5 fc3 sc0 lse ws2 gs94b\">PD low<span class=\"_ _6\"></span>er <span class=\"ls2\"> </span></div><div class=\"t m3 h8 ff1 fs5 fc3 sc0 lse ws71 gs94c\">range<span class=\"_ _383\"> </span></div><div class=\"t m3 h8 ff1 fs5 fc3 sc0 ls2 ws2 gs94d\">%<span class=\"_ _383\"> </span></div><div class=\"t m3 h8 ff1 fs5 fc3 sc0 lse ws2 gs94e\">PD upper <span class=\"ls2\"> </span></div><div class=\"t m3 h8 ff1 fs5 fc3 sc0 lse ws71 gs94f\">range<span class=\"_ _383\"> </span></div><div class=\"t m3 h8 ff1 fs5 fc3 sc0 ls2 ws2 gs950\">%<span class=\"_ _383\"> </span></div><div class=\"t m3 hc ff2 fs7 fc3 sc0 ls7c wsd0 gs951\">OSB<span class=\"_ _383\"> </span></div><div class=\"t m3 hd ff1 fs7 fc3 sc0 ls11 ws6e gs952\">Excellent<span class=\"_ _31b\"> </span><span class=\"lsf8 wsfd\">3<span class=\"_ _2\"></span>,9<span class=\"_ _2\"></span>4<span class=\"_ _2\"></span>9.<span class=\"_ _0\"></span>2<span class=\"_ _2\"></span> <span class=\"_ _5a\"> </span>1<span class=\"_ _2\"></span>5<span class=\"_ _2\"></span>9.<span class=\"_ _2\"></span>6<span class=\"_ _2\"></span> <span class=\"_ _3f\"> </span><span class=\"ls2 ws2\">\u2013 <span class=\"_ _20e\"> </span>\u2013 <span class=\"_ _6e\"> </span><span class=\"ls89 wscc\">4,1<span class=\"_ _1\"></span>0<span class=\"_ _2\"></span>8<span class=\"_ _1\"></span>.<span class=\"_ _1\"></span>8<span class=\"_ _1\"></span> <span class=\"_ _3f\"> </span></span>\u2013 <span class=\"_ _1b4\"> </span><span class=\"ls9f wsbc\">0.3 </span></span></span></div><div class=\"t m3 hd ff1 fs7 fc3 sc0 lsc9 wsc9 gs953\">Good<span class=\"_ _c4\"> </span><span class=\"ls7a wsa1\">6,045.0 <span class=\"_ _83\"> </span>486.<span class=\"_ _1\"></span>8 <span class=\"_ _3f\"> </span><span class=\"ls2 ws2\">\u2013 <span class=\"_ _20e\"> </span>\u2013 <span class=\"_ _6e\"> </span><span class=\"ls9f wsbc\">6,53<span class=\"_ _1\"></span>1.8 <span class=\"_ _1b4\"> </span>0.<span class=\"_ _1\"></span>3 <span class=\"_ _1b4\"> </span></span>2.0 </span></span></div><div class=\"t m3 hd ff1 fs7 fc3 sc0 ls11 ws6e gs954\">Satisfactory<span class=\"_ _23a\"> </span><span class=\"ls86 wsf1\">4<span class=\"_ _1\"></span>3<span class=\"_ _2\"></span>5<span class=\"_ _1\"></span>.9<span class=\"_ _2\"></span> <span class=\"_ _86\"> </span><span class=\"lsc8 wsc8\">2<span class=\"_ _0\"></span>3<span class=\"_ _0\"></span>7.<span class=\"_ _0\"></span>2<span class=\"_ _0\"></span> <span class=\"_ _3f\"> </span><span class=\"ls2 ws2\">\u2013 <span class=\"_ _3f\"> </span>\u2013 <span class=\"_ _91\"> </span><span class=\"lsed wsf2\">67<span class=\"_ _1\"></span>3<span class=\"_ _2\"></span>.1<span class=\"_ _1\"></span> <span class=\"_ _1b4\"> </span></span>2.0 <span class=\"_ _15c\"> </span></span>7.<span class=\"_ _2\"></span>4<span class=\"_ _0\"></span> </span></span></div><div class=\"t m3 hd ff1 fs7 fc3 sc0 ls81 wsdf gs955\">Lower<span class=\"_ _bd\"> </span><span class=\"ls2 ws2\">72.6 <span class=\"_ _83\"> </span><span class=\"ls1e ws43\">26<span class=\"_ _1\"></span>0.<span class=\"_ _1\"></span>2 <span class=\"_ _3f\"> </span></span>\u2013 <span class=\"_ _3f\"> </span>\u2013 <span class=\"_ _70\"> </span>332.8 <span class=\"_ _15c\"> </span><span class=\"lsc8 wsc8\">7.<span class=\"_ _2\"></span>4<span class=\"_ _0\"></span> <span class=\"_ _98\"> </span><span class=\"ls11 ws6e\">100.0<span class=\"_ _1\"></span> </span></span></span></div><div class=\"t m3 hd ff1 fs7 fc3 sc0 ls11 ws6e gs956\">Impaired<span class=\"_ _2a1\"> </span><span class=\"ls2 ws2\">\u2013 <span class=\"_ _3f\"> </span>\u2013 <span class=\"_ _70\"> </span><span class=\"ls7a wsa1\">365.6 <span class=\"_ _3f\"> </span></span>\u2013 <span class=\"_ _70\"> </span><span class=\"ls7a wsa1\">365.6 <span class=\"_ _98\"> </span></span></span>100.0 <span class=\"_ _98\"> </span>10<span class=\"_ _1\"></span>0.0 </div><div class=\"t m3 hd ff1 fs7 fc3 sc0 ls11 ws6e gs957\">POCI<span class=\"_ _319\"> </span><span class=\"ls2 ws2\">\u2013 <span class=\"_ _3f\"> </span>\u2013 <span class=\"_ _3f\"> </span>\u2013 <span class=\"_ _e8\"> </span><span class=\"ls79 wse8\">45.2<span class=\"_ _1\"></span> <span class=\"_ _e8\"> </span>45<span class=\"_ _1\"></span>.2<span class=\"_ _1\"></span> <span class=\"_ _98\"> </span></span></span>100.0 <span class=\"_ _98\"> </span>10<span class=\"_ _1\"></span>0.0 </div><div class=\"t m3 hc ff2 fs7 fc3 sc0 lscc wscd gs958\">CCFS<span class=\"_ _383\"> </span></div><div class=\"t m3 hd ff1 fs7 fc3 sc0 ls11 ws6e gs959\">Excellent<span class=\"_ _290\"> </span><span class=\"ls7a wsa1\">5,1<span class=\"_ _6\"></span>02.2 <span class=\"_ _70\"> </span><span class=\"ls6f ws75\">443.<span class=\"_ _1\"></span>2 <span class=\"_ _3f\"> </span><span class=\"ls2 ws2\">\u2013 <span class=\"_ _20e\"> </span>\u2013 <span class=\"_ _6c\"> </span></span></span>5,545.<span class=\"_ _6\"></span>4 <span class=\"_ _3f\"> </span><span class=\"ls2 ws2\">\u2013 <span class=\"_ _37\"> </span><span class=\"ls9f wsbc\">0.3<span class=\"_ _1\"></span> </span></span></span></div><div class=\"t m3 hd ff1 fs7 fc3 sc0 lsc9 wsc9 gs95a\">Good<span class=\"_ _ec\"> </span><span class=\"ls2 ws2\">2,<span class=\"_ _6\"></span>468.5 <span class=\"_ _86\"> </span><span class=\"lsc8 wsc8\">4<span class=\"_ _0\"></span>8<span class=\"_ _0\"></span>7.<span class=\"_ _0\"></span>5<span class=\"_ _0\"></span> <span class=\"_ _3f\"> </span></span>\u2013 <span class=\"_ _20e\"> </span>\u2013 <span class=\"_ _6c\"> </span>2,<span class=\"_ _6\"></span>956.0 <span class=\"_ _37\"> </span><span class=\"ls9f wsbc\">0.<span class=\"_ _1\"></span>3 <span class=\"_ _1b4\"> </span></span>2.0 </span></div><div class=\"t m3 hd ff1 fs7 fc3 sc0 ls11 ws6e gs95b\">Satisfactory<span class=\"_ _1c0\"> </span><span class=\"ls87 wsc6\">96.2 <span class=\"_ _3b\"> </span><span class=\"ls38 ws35\">17<span class=\"_ _1\"></span>1.<span class=\"_ _1\"></span>5<span class=\"_ _1\"></span> <span class=\"_ _3f\"> </span><span class=\"ls2 ws2\">\u2013 <span class=\"_ _3f\"> </span>\u2013 <span class=\"_ _a9\"> </span><span class=\"lsc8 wsc8\">2<span class=\"_ _2\"></span>6<span class=\"_ _2\"></span>7.<span class=\"_ _0\"></span>7<span class=\"_ _0\"></span> <span class=\"_ _1b4\"> </span></span>2.0 <span class=\"_ _53\"> </span><span class=\"lsc8 wsc8\">7.<span class=\"_ _1\"></span>4<span class=\"_ _0\"></span> </span></span></span></span></div><div class=\"t m3 hd ff1 fs7 fc3 sc0 ls81 wsdf gs95c\">Lower<span class=\"_ _31c\"> </span><span class=\"ls14 ws11\">18.8 <span class=\"_ _3d\"> </span><span class=\"lsc8 wsc8\">1<span class=\"_ _2\"></span>6<span class=\"_ _2\"></span>7.<span class=\"_ _0\"></span>6<span class=\"_ _0\"></span> <span class=\"_ _3f\"> </span><span class=\"ls2 ws2\">\u2013 <span class=\"_ _3f\"> </span>\u2013 <span class=\"_ _50\"> </span><span class=\"lsd7 wsd7\">1<span class=\"_ _1\"></span>8<span class=\"_ _1\"></span>6<span class=\"_ _2\"></span>.4<span class=\"_ _1\"></span> <span class=\"_ _53\"> </span></span></span>7.<span class=\"_ _2\"></span>4<span class=\"_ _0\"></span> <span class=\"_ _98\"> </span><span class=\"ls11 ws6e\">100.0 </span></span></span></div><div class=\"t m3 hd ff1 fs7 fc3 sc0 ls11 ws6e gs95d\">Impaired<span class=\"_ _2a1\"> </span><span class=\"ls2 ws2\">\u2013 <span class=\"_ _3f\"> </span>\u2013 <span class=\"_ _254\"> </span><span class=\"lsf8 wsfd\">9<span class=\"_ _2\"></span>9.<span class=\"_ _1\"></span>1<span class=\"_ _2\"></span> <span class=\"_ _3f\"> </span></span>\u2013 <span class=\"_ _55\"> </span><span class=\"lsf8 wsfd\">9<span class=\"_ _0\"></span>9.1<span class=\"_ _2\"></span> <span class=\"_ _98\"> </span></span></span>10<span class=\"_ _1\"></span>0.0 <span class=\"_ _98\"> </span>100.0<span class=\"_ _1\"></span> </div><div class=\"t m3 hd ff1 fs7 fc3 sc0 ls11 ws6e gs95e\">POCI<span class=\"_ _319\"> </span><span class=\"ls2 ws2\">\u2013 <span class=\"_ _3f\"> </span>\u2013 <span class=\"_ _3f\"> </span>\u2013 <span class=\"_ _e8\"> </span>52.2 <span class=\"_ _5c\"> </span>52.2 <span class=\"_ _8c\"> </span></span>1<span class=\"_ _1\"></span>00.0<span class=\"_ _1\"></span> <span class=\"_ _98\"> </span>100.0 </div><div class=\"t m3 hd ff1 fs7 fc3 sc0 ls2 ws2 gs95f\"> <span class=\"_ _31d\"> </span><span class=\"ls14 ws11\">18,188.<span class=\"_ _6\"></span>4 <span class=\"_ _6b\"> </span><span class=\"ls2 ws2\">2,4<span class=\"_ _8\"></span>13.6 <span class=\"_ _98\"> </span><span class=\"ls88 wse3\">464.<span class=\"_ _1\"></span>7 <span class=\"_ _96\"> </span><span class=\"lsc8 wsc8\">9<span class=\"_ _0\"></span>7.<span class=\"_ _2\"></span>4<span class=\"_ _0\"></span> <span class=\"_ _9a\"> </span><span class=\"lsed wsf2\">2<span class=\"_ _2\"></span>1,<span class=\"_ _1\"></span>16<span class=\"_ _2\"></span>4.1<span class=\"_ _1\"></span> <span class=\"_ _b\"> </span></span></span></span> <span class=\"_ _11a\"> </span> </span></span></div><div class=\"t m3 hd ff1 fs7 fc3 sc0 ls11 ws2 gs960\">The tables below sho<span class=\"_ _8\"></span>w the Group\u2019<span class=\"_ _1f6\"></span>s other \ufb01nancial assets and derivatives by cr<span class=\"_ _6\"></span>edit risk rating gr<span class=\"_ _6\"></span>ade. The cr<span class=\"_ _6\"></span>edit grade is based on the e<span class=\"_ _6\"></span>xternal </div><div class=\"t m3 hd ff1 fs7 fc3 sc0 ls11 ws2 gs961\">credit r<span class=\"_ _6\"></span>ating of the counterparty; AAA to AA- ar<span class=\"_ _6\"></span>e rated Ex<span class=\"_ _6\"></span>cellent; A+ to A<span class=\"_ _8\"></span>- are rated Good; and BBB+ to BBB- are r<span class=\"_ _8\"></span>ated Satisfactory.<span class=\"_ _383\"> </span></div><div class=\"t m3 h3a ff2 fs5 fc3 sc0 lse ws71 gs962\">2022<span class=\"_ _383\"> </span></div><div class=\"t m3 h3a ff2 fs5 fc3 sc0 lse ws71 gs963\">Excellent<span class=\"_ _383\"> </span></div><div class=\"t m3 h3a ff2 fs5 fc3 sc0 lse ws71 gs964\">\u00a3m<span class=\"_ _383\"> </span></div><div class=\"t m3 h3a ff2 fs5 fc3 sc0 ls16f ws188 gs965\">Good<span class=\"_ _383\"> </span></div><div class=\"t m3 h3a ff2 fs5 fc3 sc0 lse ws71 gs966\">\u00a3m<span class=\"_ _383\"> </span></div><div class=\"t m3 h3a ff2 fs5 fc3 sc0 lse ws71 gs967\">Satisfactory<span class=\"_ _383\"> </span></div><div class=\"t m3 h3a ff2 fs5 fc3 sc0 lse ws71 gs968\">\u00a3m<span class=\"_ _383\"> </span></div><div class=\"t m3 h3a ff2 fs5 fc3 sc0 lsc2 wsc1 gs969\">To<span class=\"_ _1\"></span>t<span class=\"_ _2\"></span>a<span class=\"_ _1\"></span>l<span class=\"_ _383\"> </span></div><div class=\"t m3 h3a ff2 fs5 fc3 sc0 lse ws71 gs96a\">\u00a3m<span class=\"_ _383\"> </span></div><div class=\"t m3 hd ff1 fs7 fc3 sc0 ls11 ws2 gs96b\">Inv<span class=\"_ _6\"></span>estment securities<span class=\"_ _146\"> </span><span class=\"ff2 lsc5 wsc4\">41<span class=\"_ _1\"></span>2<span class=\"_ _1\"></span>.9<span class=\"_ _2\"></span> <span class=\"_ _3f\"> </span><span class=\"ls2 ws2\">\u2013 <span class=\"_ _20e\"> </span>\u2013 <span class=\"_ _98\"> </span></span>41<span class=\"_ _1\"></span>2<span class=\"_ _1\"></span>.9<span class=\"_ _2\"></span> </span></div><div class=\"t m3 hd ff1 fs7 fc3 sc0 ls11 ws2 gs96c\">Loans and adv<span class=\"_ _6\"></span>ances to credit institutions<span class=\"_ _31e\"> </span><span class=\"ff2 lsf6 wsfb\">2,<span class=\"_ _8\"></span>923.2<span class=\"_ _6\"></span> <span class=\"_ _94\"> </span><span class=\"ls81 wsdf\">4<span class=\"_ _1\"></span>3<span class=\"_ _1\"></span>5<span class=\"_ _1\"></span>.4<span class=\"_ _1\"></span> <span class=\"_ _e5\"> </span><span class=\"lsc4 wsc3\">7.<span class=\"_ _1\"></span>1<span class=\"_ _0\"></span> <span class=\"_ _19f\"> </span><span class=\"ls2 ws2\">3,365.7 </span></span></span></span></div><div class=\"t m3 hd ff1 fs7 fc3 sc0 ls11 ws2 gs96d\">Derivative asset<span class=\"_ _6\"></span>s<span class=\"_ _31f\"> </span><span class=\"ff2 lsc3 wsc2\">4<span class=\"_ _1\"></span>0<span class=\"_ _2\"></span>0<span class=\"_ _1\"></span>.1<span class=\"_ _1\"></span> <span class=\"_ _7d\"> </span><span class=\"ls1f ws1c\">488.<span class=\"_ _6\"></span>0 <span class=\"_ _20e\"> </span><span class=\"ls2 ws2\">\u2013 <span class=\"_ _8c\"> </span></span>888.<span class=\"_ _8\"></span>1 </span></span></div><div class=\"t m3 hd ff1 fs7 fc3 sc0 ls2 ws2 gs96e\"> <span class=\"_ _320\"> </span><span class=\"ff2\">3,736.2 <span class=\"_ _94\"> </span><span class=\"ls81 wsdf\">9<span class=\"_ _1\"></span>2<span class=\"_ _1\"></span>3<span class=\"_ _1\"></span>.4<span class=\"_ _1\"></span> <span class=\"_ _e5\"> </span><span class=\"lsc4 wsc3\">7.<span class=\"_ _1\"></span>1<span class=\"_ _0\"> </span> <span class=\"_ _88\"> </span></span></span>4,666.7 </span></div><div class=\"t m3 h8 ff1 fs5 fc3 sc0 lse ws71 gs96f\">2021 </div><div class=\"t m3 h8 ff1 fs5 fc3 sc0 lse ws71 gs970\">Excellent<span class=\"_ _383\"> </span></div><div class=\"t m3 h8 ff1 fs5 fc3 sc0 lse ws71 gs971\">\u00a3m<span class=\"_ _383\"> </span></div><div class=\"t m3 h8 ff1 fs5 fc3 sc0 ls16d ws18a gs972\">Good<span class=\"_ _383\"> </span></div><div class=\"t m3 h8 ff1 fs5 fc3 sc0 lse ws71 gs973\">\u00a3m<span class=\"_ _383\"> </span></div><div class=\"t m3 h8 ff1 fs5 fc3 sc0 lse ws71 gs974\">Satisfactory<span class=\"_ _383\"> </span></div><div class=\"t m3 h8 ff1 fs5 fc3 sc0 lse ws71 gs975\">\u00a3m<span class=\"_ _383\"> </span></div><div class=\"t m3 h8 ff1 fs5 fc3 sc0 lse1 wse5 gs976\">To<span class=\"_ _1\"></span>t<span class=\"_ _2\"></span>a<span class=\"_ _1\"></span>l<span class=\"_ _383\"> </span></div><div class=\"t m3 h8 ff1 fs5 fc3 sc0 lse ws71 gs977\">\u00a3m<span class=\"_ _383\"> </span></div><div class=\"t m3 hd ff1 fs7 fc3 sc0 ls11 ws2 gs978\">Inv<span class=\"_ _6\"></span>estment securities<span class=\"_ _321\"> </span><span class=\"lsd7 wsd7\">4<span class=\"_ _1\"></span>9<span class=\"_ _2\"></span>1<span class=\"_ _1\"></span>.4<span class=\"_ _1\"></span> <span class=\"_ _3f\"> </span></span><span class=\"ls2\">\u2013 <span class=\"_ _3f\"> </span>\u2013 <span class=\"_ _50\"> </span><span class=\"lsd7 wsd7\">4<span class=\"_ _1\"></span>9<span class=\"_ _2\"></span>1<span class=\"_ _1\"></span>.4<span class=\"_ _2\"></span> </span></span></div><div class=\"t m3 hd ff1 fs7 fc3 sc0 ls11 ws2 gs979\">Loans and adv<span class=\"_ _6\"></span>ances to credit institutions<span class=\"_ _c3\"> </span><span class=\"ls2\">2,688.<span class=\"_ _8\"></span>9 <span class=\"_ _3d\"> </span><span class=\"ls9f wsbc\">151.8 <span class=\"_ _63\"> </span></span>2.<span class=\"_ _8\"></span>9 <span class=\"_ _89\"> </span>2,843.6 </span></div><div class=\"t m3 hd ff1 fs7 fc3 sc0 ls11 ws2 gs97a\">Derivative asset<span class=\"_ _6\"></span>s<span class=\"_ _322\"> </span><span class=\"ws6e\">43<span class=\"_ _1\"></span>.0 <span class=\"_ _5a\"> </span></span><span class=\"ls2\">142.7 <span class=\"_ _20e\"> </span>\u2013 <span class=\"_ _a9\"> </span><span class=\"ls14 ws11\">185<span class=\"_ _1\"></span>.7 </span></span></div><div class=\"t m3 hd ff1 fs7 fc3 sc0 ls2 ws2 gs97b\"> <span class=\"_ _1e6\"> </span><span class=\"ls54 ws55\">3,223.3 <span class=\"_ _8c\"> </span><span class=\"ls88 wse3\">2<span class=\"_ _1\"></span>94.<span class=\"_ _1\"></span>5 <span class=\"_ _63\"> </span></span></span>2.<span class=\"_ _6\"></span>9 <span class=\"_ _6c\"> </span><span class=\"lse3 wse7\">3,520.7<span class=\"_ _383\"> </span></span><span class=\"lse3 wse7\"> </span></div><div class=\"t m0 hc ff2 fs7 fc2 sc0 ls2 ws2 gs97d\"><span class=\"_ _383\">45.\u2002Risk m</span><span class=\"_ _1\"></span>anag<span class=\"_ _1\"></span>eme<span class=\"_ _1\"></span>nt<span class=\"ff5 lsd4 ws46\"> co<span class=\"_ _1\"></span>ntinued<span class=\"_ _383\"> </span></span></div><div class=\"t m0 hc ff2 fs7 fc3 sc0 ls2 ws2 gs97e\">Cre<span class=\"_ _1\"></span>dit risk \u2013 l<span class=\"_ _1\"></span>oans a<span class=\"_ _1\"></span>nd ad<span class=\"_ _1\"></span>vance<span class=\"_ _1\"></span>s to cr<span class=\"_ _1\"></span>edit in<span class=\"_ _1\"></span>stitut<span class=\"_ _1\"></span>ions a<span class=\"_ _1\"></span>nd invest<span class=\"_ _1\"></span>me<span class=\"_ _1\"></span>nt se<span class=\"_ _1\"></span>curitie<span class=\"_ _1\"></span>s<span class=\"_ _383\"> </span></div><div class=\"t m0 hd ff1 fs7 fc3 sc0 ls11 ws2 gs97f\">The Group holds treasury ins<span class=\"_ _6\"></span>truments in or<span class=\"_ _6\"></span>der to meet liquidity requir<span class=\"_ _6\"></span>ements and f<span class=\"_ _6\"></span>or general business purposes<span class=\"_ _6\"></span>. The credit risk arising from these </div><div class=\"t m0 hd ff1 fs7 fc3 sc0 ls11 ws2 gs980\">inv<span class=\"_ _6\"></span>estment<span class=\"_ _6\"></span>s is closely monitored and managed by the Gr<span class=\"_ _6\"></span>oup<span class=\"_ _6\"></span>\u2019<span class=\"_ _8\"></span>s T<span class=\"_ _8\"></span>reasury function. In managing these assets, Gr<span class=\"_ _6\"></span>oup T<span class=\"_ _8\"></span>reasury operat<span class=\"_ _6\"></span>es within </div><div class=\"t m0 hd ff1 fs7 fc3 sc0 ls11 ws2 gs981\">guidelines laid down in the Gr<span class=\"_ _6\"></span>oup Mark<span class=\"_ _6\"></span>et and Liquidity Risk Policy appro<span class=\"_ _6\"></span>ved by AL<span class=\"_ _8\"></span>CO and performance is monitored and r<span class=\"_ _6\"></span>eported to AL<span class=\"_ _6\"></span>CO </div><div class=\"t m0 hd ff1 fs7 fc3 sc0 ls11 ws2 gs982\">monthly, including through the use o<span class=\"_ _6\"></span>f an internally de<span class=\"_ _6\"></span>veloped r<span class=\"_ _6\"></span>ating model based on counterparty credit def<span class=\"_ _6\"></span>ault sw<span class=\"_ _6\"></span>ap spreads<span class=\"_ _6\"></span>.<span class=\"_ _383\"> </span></div><div class=\"t m0 hd ff1 fs7 fc3 sc0 ls11 ws2 gs983\">The Group has limited e<span class=\"_ _6\"></span>xposure to emer<span class=\"_ _6\"></span>ging mark<span class=\"_ _6\"></span>ets (Indian oper<span class=\"_ _6\"></span>ations) and non-inv<span class=\"_ _6\"></span>estment gr<span class=\"_ _6\"></span>ade debt. AL<span class=\"_ _8\"></span>CO is responsible for appro<span class=\"_ _6\"></span>ving </div><div class=\"t m0 hd ff1 fs7 fc3 sc0 ls11 ws2 gs984\">treasury counterparties<span class=\"_ _6\"></span>.<span class=\"_ _383\"> </span></div><div class=\"t m0 hd ff1 fs7 fc3 sc0 ls11 ws2 gs985\">During the year<span class=\"_ _8\"></span>, the average balance o<span class=\"_ _6\"></span>f cash in hand, loans and advances to credit ins<span class=\"_ _6\"></span>titutions and inv<span class=\"_ _6\"></span>estmen<span class=\"_ _6\"></span>t securities on a monthly basis was </div><div class=\"t m0 hd ff1 fs7 fc3 sc0 ls11 ws2 gs986\">\u00a33,<span class=\"_ _1f6\"></span>496<span class=\"_ _8\"></span>.<span class=\"_ _8\"></span>9m (2021: \u00a32,<span class=\"_ _9\"></span>926.<span class=\"_ _8\"></span>0m).<span class=\"_ _383\"> </span></div><div class=\"t m0 hd ff1 fs7 fc3 sc0 ls11 ws2 gs987\">The tables below sho<span class=\"_ _8\"></span>w the industry sector of the Group<span class=\"_ _8\"></span>\u2019<span class=\"_ _6\"></span>s loans and advances to cr<span class=\"_ _6\"></span>edit institutions and inv<span class=\"_ _8\"></span>estment securities:<span class=\"_ _383\"> </span></div><div class=\"t m0 h8 ff2 fs5 fc3 sc0 lse ws71 gs988\">2022<span class=\"_ _a0\"> </span><span class=\"ff1\">2021<span class=\"_ _383\"> </span></span></div><div class=\"t m0 h8 ff2 fs5 fc3 sc0 lse ws71 gs989\">\u00a3m<span class=\"_ _116\"> </span><span class=\"ls2 ws2\">%<span class=\"_ _5e\"> </span></span><span class=\"ff1\">\u00a3m<span class=\"_ _1cc\"> </span><span class=\"ls2 ws2\">%<span class=\"_ _383\"> </span></span></span></div><div class=\"t m0 hd ff1 fs7 fc3 sc0 ls11 ws6e gs98a\">BoE<span class=\"_ _383\"> </span></div><div class=\"t m0 h1f ff1 fsf fc3 sc0 ls2 ws2 gs98b\">1<span class=\"_ _383\"> </span></div><div class=\"t m0 hd ff2 fs7 fc3 sc0 lsc6 wsc5 gs98c\">2<span class=\"_ _2\"></span>,<span class=\"_ _2\"></span>8<span class=\"_ _1\"></span>6<span class=\"_ _2\"></span>9.<span class=\"_ _2\"></span>3<span class=\"_ _ed\"> </span><span class=\"ls9e ws98\">76<span class=\"_ _40\"> </span><span class=\"ff1 ls2 ws2\">2,555.<span class=\"_ _6\"></span>9<span class=\"_ _ed\"> </span><span class=\"lsd5 wsd5\">76<span class=\"_ _383\"> </span></span></span></span></div><div class=\"t m0 hd ff1 fs7 fc3 sc0 ls11 ws2 gs98d\">Other bank<span class=\"_ _6\"></span>s<span class=\"_ _11d\"> </span><span class=\"ff2 ls81 wsdf\">496<span class=\"_ _1\"></span>.4<span class=\"_ _2ec\"> </span><span class=\"ls14 ws11\">13<span class=\"_ _3b\"> </span></span></span><span class=\"lsc8 wsc8\">2<span class=\"_ _0\"></span>8<span class=\"_ _0\"></span>7.<span class=\"_ _0\"></span>7<span class=\"_ _169\"> </span></span><span class=\"ls2\">9<span class=\"_ _383\"> </span></span></div><div class=\"t m0 hd ff1 fs7 fc3 sc0 ls11 ws2 gs98e\">Central go<span class=\"_ _6\"></span>vernmen<span class=\"_ _6\"></span>t<span class=\"_ _323\"> </span><span class=\"ff2 ls6f ws75\">149<span class=\"_ _8\"></span>.8<span class=\"_ _d9\"> </span><span class=\"ls2 ws2\">4<span class=\"_ _3b\"> </span><span class=\"ff1 lsed wsf2\">25<span class=\"_ _1\"></span>2<span class=\"_ _2\"></span>.1<span class=\"_ _35\"> </span></span><span class=\"ff1\">8<span class=\"_ _383\"> </span></span></span></span></div><div class=\"t m0 hd ff1 fs7 fc3 sc0 ls11 ws6e gs98f\">Securitisation<span class=\"_ _62\"> </span><span class=\"ff2 lsc3 wsc2\">2<span class=\"_ _1\"></span>6<span class=\"_ _2\"></span>3<span class=\"_ _1\"></span>.1<span class=\"_ _35\"> </span><span class=\"ls2 ws2\">7<span class=\"_ _3e\"> </span></span></span><span class=\"lsf8 wsfd\">2<span class=\"_ _2\"></span>3<span class=\"_ _2\"></span>9.<span class=\"_ _2\"></span>3<span class=\"_ _169\"> </span><span class=\"ls2 ws2\">7<span class=\"_ _383\"> </span></span></span></div><div class=\"t m0 hd ff2 fs7 fc3 sc0 ls113 ws17a gs990\">To<span class=\"_ _1\"></span>t<span class=\"_ _2\"></span>a<span class=\"_ _2\"></span>l<span class=\"_ _324\"> </span><span class=\"lscc wscd\">3,<span class=\"_ _1\"></span>7<span class=\"_ _1\"></span>78.<span class=\"_ _1\"></span>6<span class=\"_ _1b4\"> </span><span class=\"lse3 wse7\">100<span class=\"_ _121\"> </span><span class=\"ff1 ls11 ws6e\">3,<span class=\"_ _1\"></span>33<span class=\"_ _1\"></span>5.0<span class=\"_ _63\"> </span><span class=\"ls6f ws75\">100<span class=\"_ _383\"> </span></span></span></span></span></div><div class=\"t m0 h8 ff1 fs5 fc3 sc0 ls2 ws2 gs991\">1. <span class=\"_ _41\"> </span>Ba<span class=\"_ _1\"></span>la<span class=\"_ _1\"></span>nc<span class=\"_ _1\"></span>es w<span class=\"_ _1\"></span>ith t<span class=\"_ _1\"></span>he B<span class=\"_ _1\"></span>oE i<span class=\"_ _1\"></span>nc<span class=\"_ _1\"></span>lu<span class=\"_ _1\"></span>de \u00a362<span class=\"_ _1\"></span>.8m (20<span class=\"_ _1\"></span>21: \u00a359.5m) hel<span class=\"_ _1\"></span>d in th<span class=\"_ _1\"></span>e c<span class=\"_ _1\"></span>as<span class=\"_ _1\"></span>h rati<span class=\"_ _1\"></span>o de<span class=\"_ _1\"></span>p<span class=\"_ _1\"></span>os<span class=\"_ _1\"></span>it.<span class=\"_ _383\"> </span></div><div class=\"t m0 hd ff1 fs7 fc3 sc0 ls11 ws2 gs992\">The tables below sho<span class=\"_ _8\"></span>w the ge<span class=\"_ _1\"></span>ographical e<span class=\"_ _6\"></span>xposure of the Gr<span class=\"_ _6\"></span>oup<span class=\"_ _6\"></span>\u2019<span class=\"_ _8\"></span>s loans and advances to credit ins<span class=\"_ _6\"></span>titutions and inves<span class=\"_ _6\"></span>tment securities:<span class=\"_ _383\"> </span></div><div class=\"t m0 h8 ff2 fs5 fc3 sc0 lse ws71 gs993\">2022<span class=\"_ _a0\"> </span><span class=\"ff1\">2021<span class=\"_ _383\"> </span></span></div><div class=\"t m0 h8 ff2 fs5 fc3 sc0 lse ws71 gs994\">\u00a3m<span class=\"_ _116\"> </span><span class=\"ls2 ws2\">%<span class=\"_ _5e\"> </span></span><span class=\"ff1\">\u00a3m<span class=\"_ _1cc\"> </span><span class=\"ls2 ws2\">%<span class=\"_ _383\"> </span></span></span></div><div class=\"t m0 hd ff1 fs7 fc3 sc0 ls11 ws2 gs995\">United Kingdom<span class=\"_ _2cd\"> </span><span class=\"ff2 ls9e ws98\">3<span class=\"_ _2\"></span>,<span class=\"_ _1\"></span>76<span class=\"_ _2\"></span>5<span class=\"_ _1\"></span>.<span class=\"_ _2\"></span>7<span class=\"_ _57\"> </span><span class=\"lse3 wse7\">100<span class=\"_ _121\"> </span></span></span><span class=\"ls2c ws29\">3,328.0<span class=\"_ _b2\"> </span><span class=\"ls6f ws75\">100<span class=\"_ _383\"> </span></span></span></div><div class=\"t m0 hd ff1 fs7 fc3 sc0 ls11 ws6e gs996\">India<span class=\"_ _312\"> </span><span class=\"ff2 lsc5 wsc4\">1<span class=\"_ _1\"></span>2<span class=\"_ _2\"></span>.9<span class=\"_ _d9\"> </span><span class=\"ls2 ws2\">\u2013 <span class=\"_ _1c2\"> </span></span></span><span class=\"lsc8 wsc8\">7.<span class=\"_ _2\"></span>0<span class=\"_ _35\"> </span><span class=\"ls2 ws2\">\u2013 </span></span></div><div class=\"t m0 hd ff1 fs7 fc3 sc0 lsc0 wsbf gs997\">To<span class=\"_ _2\"></span>t<span class=\"_ _1\"></span>a<span class=\"_ _2\"></span>l<span class=\"_ _58\"> </span><span class=\"ff2 lscc wscd\">3,<span class=\"_ _1\"></span>7<span class=\"_ _1\"></span>78<span class=\"_ _1\"></span>.6<span class=\"_ _1b4\"> </span><span class=\"lse3 wse7\">100<span class=\"_ _121\"> </span></span></span><span class=\"ls11 ws6e\">3,<span class=\"_ _1\"></span>33<span class=\"_ _1\"></span>5.0<span class=\"_ _63\"> </span><span class=\"ls6f ws75\">100<span class=\"_ _383\"> </span></span></span></div><div class=\"t m0 hd ff1 fs7 fc3 sc0 ls11 ws2 gs998\">The Group monitor<span class=\"_ _6\"></span>s exposure concentr<span class=\"_ _6\"></span>ations against a v<span class=\"_ _6\"></span>ariety of criteria, including asset class<span class=\"_ _6\"></span>, sector and geography. T<span class=\"_ _1f6\"></span>o avoid re\ufb01nancing risk<span class=\"_ _8\"></span>s </div><div class=\"t m0 hd ff1 fs7 fc3 sc0 ls11 ws2 gs999\">associated with any one counterparty, sector or geographical r<span class=\"_ _6\"></span>egion, the Board has set appr<span class=\"_ _6\"></span>opriate limits. </div><div class=\"t m0 hd ff1 fs7 fc3 sc0 ls11 ws2 gs99a\">For further information on credit risk see page 71.<span class=\"_ _383\"> </span></div><div class=\"t m0 hc ff2 fs7 fc3 sc0 ls1f ws1c gs99b\">Liquidity risk<span class=\"_ _383\"> </span></div><div class=\"t m0 hd ff1 fs7 fc3 sc0 ls11 ws2 gs99c\"><span class=\"_ _383\">Liquidity risk is the risk of having insufficient liquid asset</span><span class=\"_ _6\"></span>s to ful\ufb01l obligations as they become due or the cost of raising liquid funds becoming too </div><div class=\"t m0 hd ff1 fs7 fc3 sc0 ls11 ws6e gs99d\">expensiv<span class=\"_ _6\"></span>e. </div><div class=\"t m0 hd ff1 fs7 fc3 sc0 ls11 ws2 gs99e\">The Group<span class=\"_ _8\"></span>\u2019<span class=\"_ _6\"></span>s approach to managing liquidity risk is t<span class=\"_ _6\"></span><span class=\"_ _383\">o maintain sufficient liquid r</span><span class=\"_ _6\"></span>esources to cov<span class=\"_ _8\"></span>er cash \ufb02ow imbalances and \ufb02uctuations in </div><div class=\"t m0 hd ff1 fs7 fc3 sc0 ls11 ws2 gs99f\">funding in order to r<span class=\"_ _6\"></span>etain full public con\ufb01dence in the solvency o<span class=\"_ _6\"></span>f the Group and to enable the Group t<span class=\"_ _6\"></span>o meet its \ufb01nancial obligations as they fall </div><div class=\"t m0 hd ff1 fs7 fc3 sc0 ls11 ws2 gs9a0\">due. This is achie<span class=\"_ _6\"></span>ved thr<span class=\"_ _6\"></span>ough maintaining a prudent le<span class=\"_ _8\"></span>vel of liquid assets and control o<span class=\"_ _6\"></span>f the gro<span class=\"_ _6\"></span>wth of the business. The Gr<span class=\"_ _6\"></span>oup has established c<span class=\"_ _6\"></span>all </div><div class=\"t m0 hd ff1 fs7 fc3 sc0 ls11 ws2 gs9a1\">accounts with the BoE and has access to its contingent liquidity facilities<span class=\"_ _8\"></span>.<span class=\"_ _383\"> </span></div><div class=\"t m0 hd ff1 fs7 fc3 sc0 ls11 ws2 gs9a2\">The Board has delegated the r<span class=\"_ _6\"></span>esponsibility for liquidity management t<span class=\"_ _6\"></span>o the Chief Executiv<span class=\"_ _6\"></span><span class=\"_ _383\">e Officer</span><span class=\"_ _8\"></span>, assisted by AL<span class=\"_ _8\"></span>CO<span class=\"_ _6\"></span>, with day-to-day </div><div class=\"t m0 hd ff1 fs7 fc3 sc0 ls11 ws2 gs9a3\">management delegated to T<span class=\"_ _1f6\"></span>reasury as detailed in the Gr<span class=\"_ _6\"></span>oup Mark<span class=\"_ _6\"></span>et and Liquidity Risk Policy. The Board is r<span class=\"_ _6\"></span>esponsible for setting risk appetite </div><div class=\"t m0 hd ff1 fs7 fc3 sc0 ls11 ws2 gs9a4\">limits ov<span class=\"_ _6\"></span>er the lev<span class=\"_ _6\"></span>el and maturity pro\ufb01le o<span class=\"_ _6\"></span>f funding and for monitoring the composition of the Gr<span class=\"_ _6\"></span>oup \ufb01nancial position. The tables below analyse </div><div class=\"t m0 hd ff1 fs7 fc3 sc0 ls11 ws2 gs9a5\">the \ufb01nancial assets and liabilities of the Gr<span class=\"_ _6\"></span>oup based on the contractual maturity on the r<span class=\"_ _6\"></span>emaining period at balance sheet date. </div><div class=\"t m0 hd ff1 fs7 fc3 sc0 ls11 ws2 gs9a6\">The Group also monitor<span class=\"_ _6\"></span>s a range of trigger<span class=\"_ _6\"></span>s, de<span class=\"_ _6\"></span>\ufb01ned in the recov<span class=\"_ _6\"></span>ery plan, which are designed to captur<span class=\"_ _6\"></span>e liquidity str<span class=\"_ _6\"></span>esses in advance in order to </div><div class=\"t m0 hd ff1 fs7 fc3 sc0 ls11 ws2 gs9a7\"><span class=\"_ _383\">allow sufficien</span><span class=\"_ _6\"></span>t time for management action to t<span class=\"_ _6\"></span>ak<span class=\"_ _6\"></span><span class=\"_ _383\">e effect. These ar</span><span class=\"_ _6\"></span>e monitored daily by the Risk team, with br<span class=\"_ _6\"></span>eaches immediately reported to </div><div class=\"t m0 hd ff1 fs7 fc3 sc0 ls11 ws2 gs9a8\"><span class=\"_ _383\">the Group Chief Risk Officer</span><span class=\"_ _1f6\"></span><span class=\"_ _383\">, Chief Executive Officer</span><span class=\"_ _8\"></span><span class=\"_ _383\">, Chief Financial Officer and the Group T</span><span class=\"_ _1f6\"></span>reasurer<span class=\"_ _8\"></span>.<span class=\"_ _383\"> </span><span class=\"_ _383\">\u2003</span></div><div class=\"t m0 hd ff1 fs7 fc3 sc0 ls11 ws2 gs9aa\">The tables below sho<span class=\"_ _8\"></span>w the maturity pro\ufb01le for the Group<span class=\"_ _8\"></span>\u2019<span class=\"_ _6\"></span>s \ufb01nancial assets and liabilities based on contr<span class=\"_ _8\"></span>actual maturities at the repor<span class=\"_ _1\"></span>ting date:<span class=\"_ _383\"> </span></div><div class=\"t m0 h3a ff2 fs5 fc3 sc0 lse ws71 gs9ab\">2022<span class=\"_ _383\"> </span></div><div class=\"t m0 h3a ff2 fs5 fc3 sc0 lse ws71 gs9ac\">Carrying </div><div class=\"t m0 h3a ff2 fs5 fc3 sc0 lse ws71 gs9ad\">amount<span class=\"_ _383\"> </span></div><div class=\"t m0 h3a ff2 fs5 fc3 sc0 lse ws71 gs9ae\">\u00a3m<span class=\"_ _383\"> </span></div><div class=\"t m0 h3a ff2 fs5 fc3 sc0 lse ws2 gs9af\">On demand<span class=\"_ _383\"> </span></div><div class=\"t m0 h3a ff2 fs5 fc3 sc0 lse ws71 gs9b0\">\u00a3m<span class=\"_ _383\"> </span></div><div class=\"t m0 h3a ff2 fs5 fc3 sc0 lse ws2 gs9b1\">Less than 3 </div><div class=\"t m0 h3a ff2 fs5 fc3 sc0 lse ws71 gs9b2\">months<span class=\"_ _383\"> </span></div><div class=\"t m0 h3a ff2 fs5 fc3 sc0 lse ws71 gs9b3\">\u00a3m</div><div class=\"t m0 h3a ff2 fs5 fc3 sc0 lse ws2 gs9b4\"> 3 \u2013 12 months<span class=\"_ _383\"> </span></div><div class=\"t m0 h3a ff2 fs5 fc3 sc0 lse ws71 gs9b5\">\u00a3m</div><div class=\"t m0 h3a ff2 fs5 fc3 sc0 lse ws2 gs9b6\"> 1 \u2013 5 years<span class=\"_ _383\"> </span></div><div class=\"t m0 h3a ff2 fs5 fc3 sc0 lse ws71 gs9b7\">\u00a3m<span class=\"_ _383\"> </span></div><div class=\"t m0 h3a ff2 fs5 fc3 sc0 lse ws2 gs9b8\">More than 5 </div><div class=\"t m0 h3a ff2 fs5 fc3 sc0 lse ws71 gs9b9\">years<span class=\"_ _383\"> </span></div><div class=\"t m0 h3a ff2 fs5 fc3 sc0 lse ws71 gs9ba\">\u00a3m<span class=\"_ _383\"> </span></div><div class=\"t m0 hc ff2 fs7 fc3 sc0 ls11 ws2 gs9bb\">Financial liability by type<span class=\"_ _d6\"> </span><span class=\"ls2\"> <span class=\"_ _11a\"> </span> <span class=\"_ _11a\"> </span> <span class=\"_ _11a\"> </span> <span class=\"_ _11a\"> </span> <span class=\"_ _11a\"> </span> </span></div><div class=\"t m0 hd ff1 fs7 fc3 sc0 ls11 ws2 gs9bc\">Amounts o<span class=\"_ _6\"></span>wed to r<span class=\"_ _6\"></span>etail depositor<span class=\"_ _6\"></span>s<span class=\"_ _19a\"> </span><span class=\"ff2 lsd3 ws86\">19<span class=\"_ _1f6\"></span>,755.8<span class=\"_ _d\"> </span><span class=\"lse5 wsea\">6,<span class=\"_ _1\"></span>7<span class=\"_ _1\"></span>70<span class=\"_ _1\"></span>.<span class=\"_ _1\"></span>7<span class=\"_ _6c\"> </span><span class=\"ls81 wsdf\">2<span class=\"_ _1\"></span>,<span class=\"_ _1\"></span>6<span class=\"_ _1\"></span>3<span class=\"_ _1\"></span>2<span class=\"_ _1\"></span>.4<span class=\"_ _d2\"> </span><span class=\"lsc4 wsc3\">7,<span class=\"_ _0\"> </span>8<span class=\"_ _0\"> </span>0<span class=\"_ _0\"></span>7.<span class=\"_ _0\"></span>7<span class=\"_ _6c\"> </span><span class=\"ls7d wse2\">2,5<span class=\"_ _1\"></span>45.0<span class=\"_ _116\"> </span><span class=\"ls2 ws2\">\u2013 </span></span></span></span></span></span></div><div class=\"t m0 hd ff1 fs7 fc3 sc0 ls11 ws2 gs9bd\">Amounts o<span class=\"_ _6\"></span>wed to cr<span class=\"_ _6\"></span>edit institutions<span class=\"_ _ae\"> </span><span class=\"ff2 lsc5 wsc4\">5<span class=\"_ _1\"></span>,<span class=\"_ _1\"></span>0<span class=\"_ _1\"></span>9<span class=\"_ _1\"></span>2<span class=\"_ _2\"></span>.9<span class=\"_ _d9\"> </span><span class=\"ls2 ws2\">\u2013 <span class=\"_ _50\"> </span><span class=\"ls81 wsdf\">1<span class=\"_ _1\"></span>9<span class=\"_ _1\"></span>1<span class=\"_ _1\"></span>.4<span class=\"_ _5a\"> </span><span class=\"ls11 ws6e\">310.<span class=\"_ _1\"></span>3<span class=\"_ _6e\"> </span></span></span></span>4<span class=\"_ _1\"></span>,<span class=\"_ _2\"></span>2<span class=\"_ _1\"></span>1<span class=\"_ _2\"></span>8<span class=\"_ _1\"></span>.9<span class=\"_ _50\"> </span><span class=\"ls33 ws30\">372<span class=\"_ _1\"></span>.<span class=\"_ _1\"></span>3<span class=\"_ _383\"> </span></span></span></div><div class=\"t m0 hd ff1 fs7 fc3 sc0 ls11 ws2 gs9be\">Amounts o<span class=\"_ _6\"></span>wed to o<span class=\"_ _6\"></span>ther customer<span class=\"_ _6\"></span>s<span class=\"_ _102\"> </span><span class=\"ff2 lsc3 wsc2\">11<span class=\"_ _1\"></span>3<span class=\"_ _2\"></span>.1<span class=\"_ _d9\"> </span><span class=\"ls2 ws2\">\u2013<span class=\"_ _96\"> </span><span class=\"lsc6 wsc5\">2<span class=\"_ _1\"></span>9.<span class=\"_ _2\"></span>7<span class=\"_ _55\"> </span><span class=\"ls9e ws98\">76<span class=\"_ _1\"></span>.<span class=\"_ _2\"></span>5<span class=\"_ _e5\"> </span><span class=\"lsc5 wsc4\">6<span class=\"_ _1\"></span>.9<span class=\"_ _d9\"> </span></span></span></span>\u2013<span class=\"_ _383\"> </span></span></span></div><div class=\"t m0 hd ff1 fs7 fc3 sc0 ls11 ws2 gs9bf\">Derivative liabilities<span class=\"_ _d4\"> </span><span class=\"ff2 ls2\">106.6<span class=\"_ _1cc\"> </span>\u2013 <span class=\"_ _b2\"> </span><span class=\"lsc4 wsc3\">7.<span class=\"_ _0\"></span>5<span class=\"_ _96\"> </span></span>46.3<span class=\"_ _59\"> </span><span class=\"ls2c ws29\">43.8<span class=\"_ _53\"> </span><span class=\"lsc6 wsc5\">9.<span class=\"_ _1\"></span>0<span class=\"_ _383\"> </span></span></span></span></div><div class=\"t m0 hd ff1 fs7 fc3 sc0 ls11 ws2 gs9c0\">Debt securities in issue<span class=\"_ _2b0\"> </span><span class=\"ff2 lsc5 wsc4\">2<span class=\"_ _2\"></span>6<span class=\"_ _1\"></span>5<span class=\"_ _1\"></span>.9<span class=\"_ _d9\"> </span><span class=\"ls2 ws2\">\u2013 <span class=\"_ _61\"> </span><span class=\"ls11 ws6e\">0.3<span class=\"_ _d9\"> </span></span>\u2013 <span class=\"_ _7d\"> </span><span class=\"lsc9 wsc9\">26<span class=\"_ _1\"></span>5.6<span class=\"_ _d9\"> </span></span>\u2013 </span></span></div><div class=\"t m0 hd ff1 fs7 fc3 sc0 ls11 ws2 gs9c1\">Lease liabilities<span class=\"_ _325\"> </span><span class=\"ff2 lsc6 wsc5\">9.9<span class=\"_ _d9\"> </span><span class=\"ls2 ws2\">\u2013 <span class=\"_ _d0\"> </span><span class=\"ls81 wsdf\">0<span class=\"_ _1\"></span>.4<span class=\"_ _5f\"> </span><span class=\"ls14 ws11\">1.3<span class=\"_ _8b\"> </span><span class=\"lsc4 wsc3\">7.<span class=\"_ _0\"></span>6<span class=\"_ _15e\"> </span><span class=\"ls11 ws6e\">0.6<span class=\"_ _383\"> </span></span></span></span></span></span></span></div><div class=\"t m0 hd ff1 fs7 fc3 sc0 ls11 ws2 gs9c2\">Subordinated liabilities<span class=\"_ _300\"> </span><span class=\"ff2 ls2\">\u2013 <span class=\"_ _3f\"> </span>\u2013 <span class=\"_ _20e\"> </span>\u2013 <span class=\"_ _3f\"> </span>\u2013 <span class=\"_ _20e\"> </span>\u2013 <span class=\"_ _3f\"> </span>\u2013 </span></div><div class=\"t m0 hd ff1 fs7 fc3 sc0 ls11 ws6e gs9c3\">PSBs<span class=\"_ _2b1\"> </span><span class=\"ff2 lscd wsce\">15.2<span class=\"_ _1cc\"> </span><span class=\"ls2 ws2\">\u2013 <span class=\"_ _3f\"> </span>\u2013 <span class=\"_ _20e\"> </span>\u2013 <span class=\"_ _2ab\"> </span></span>15.2<span class=\"_ _d9\"> </span><span class=\"ls2 ws2\">\u2013 </span></span></div><div class=\"t m0 hc ff2 fs7 fc3 sc0 ls11 ws2 gs9c4\">T<span class=\"_ _8\"></span>otal liabilities<span class=\"_ _24\"> </span><span class=\"lsc6 wsc5\">2<span class=\"_ _1\"></span>5<span class=\"_ _2\"></span>,<span class=\"_ _1\"></span>3<span class=\"_ _2\"></span>5<span class=\"_ _2\"></span>9.<span class=\"_ _1\"></span>4<span class=\"_ _6e\"> </span><span class=\"lse5 wsea\">6<span class=\"_ _1\"></span>,7<span class=\"_ _2\"></span>70.<span class=\"_ _1\"></span>7<span class=\"_ _6b\"> </span><span class=\"ls33 ws30\">2<span class=\"_ _1\"></span>,<span class=\"_ _1\"></span>8<span class=\"_ _1\"></span>61.<span class=\"_ _1\"></span>7<span class=\"_ _6e\"> </span><span class=\"lsc3 wsc2\">8<span class=\"_ _2\"></span>,<span class=\"_ _2\"></span>2<span class=\"_ _1\"></span>4<span class=\"_ _1\"></span>2<span class=\"_ _2\"></span>.1<span class=\"_ _40\"> </span><span class=\"lse4 wse9\">7,<span class=\"_ _1\"></span>1<span class=\"_ _0\"></span>0<span class=\"_ _2\"></span>3<span class=\"_ _0\"> </span>.<span class=\"_ _0\"></span>0<span class=\"_ _18d\"> </span><span class=\"ls14 ws11\">3<span class=\"_ _1\"></span>81.<span class=\"_ _6\"></span>9<span class=\"_ _383\"> </span></span></span></span></span></span></span></div><div class=\"t m0 hc ff2 fs7 fc3 sc0 ls11 ws2 gs9c5\">Financial asset by type<span class=\"_ _326\"> </span><span class=\"ls2\"> <span class=\"_ _11a\"> </span> <span class=\"_ _11a\"> </span> <span class=\"_ _21a\"> </span> <span class=\"_ _11a\"> </span> <span class=\"_ _11a\"> </span> </span></div><div class=\"t m0 hd ff1 fs7 fc3 sc0 ls11 ws2 gs9c6\">Cash in hand<span class=\"_ _f0\"> </span><span class=\"ff2 ls81 wsdf\">0<span class=\"_ _1\"></span>.4<span class=\"_ _15c\"> </span>0<span class=\"_ _1\"></span>.4<span class=\"_ _d9\"> </span><span class=\"ls2 ws2\">\u2013 <span class=\"_ _20e\"> </span>\u2013 <span class=\"_ _3f\"> </span>\u2013 <span class=\"_ _20e\"> </span>\u2013 </span></span></div><div class=\"t m0 hd ff1 fs7 fc3 sc0 ls11 ws2 gs9c7\">Loans and adv<span class=\"_ _6\"></span>ances to credit institutions<span class=\"_ _a\"> </span><span class=\"ff2 lsf9 ws82\">3,365.7<span class=\"_ _d\"> </span><span class=\"lsd7 wsd7\">3<span class=\"_ _1\"></span>,1<span class=\"_ _1\"></span>0<span class=\"_ _2\"></span>4<span class=\"_ _1\"></span>.<span class=\"_ _1\"></span>0<span class=\"_ _9c\"> </span><span class=\"ls81 wsdf\">7<span class=\"_ _1\"></span>1<span class=\"_ _1\"></span>.4<span class=\"_ _d9\"> </span><span class=\"ls2 ws2\">\u2013 <span class=\"_ _20e\"> </span>\u2013 <span class=\"_ _70\"> </span><span class=\"ls11 ws6e\">190.<span class=\"_ _1\"></span>3<span class=\"_ _383\"> </span></span></span></span></span></span></div><div class=\"t m0 hd ff1 fs7 fc3 sc0 ls11 ws2 gs9c8\">Inv<span class=\"_ _6\"></span>estment securities<span class=\"_ _c1\"> </span><span class=\"ff2 lsc5 wsc4\">412<span class=\"_ _2\"></span>.9<span class=\"_ _15c\"> </span><span class=\"ls11 ws6e\">0.5<span class=\"_ _5a\"> </span>144.8<span class=\"_ _254\"> </span><span class=\"lsc3 wsc2\">2<span class=\"_ _2\"></span>2<span class=\"_ _1\"></span>.1<span class=\"_ _86\"> </span><span class=\"ls14 ws11\">245.5<span class=\"_ _1cc\"> </span><span class=\"ls2 ws2\">\u2013 </span></span></span></span></span></div><div class=\"t m0 hd ff1 fs7 fc3 sc0 ls11 ws2 gs9c9\">Loans and adv<span class=\"_ _6\"></span>ances to customer<span class=\"_ _6\"></span>s<span class=\"_ _19c\"> </span><span class=\"ff2 ls33 ws30\">2<span class=\"_ _1\"></span>3<span class=\"_ _1\"></span>,<span class=\"_ _1\"></span>612<span class=\"_ _1\"></span>.<span class=\"_ _1\"></span>7<span class=\"_ _15c\"> </span><span class=\"ls73 ws7a\">2.3<span class=\"_ _8c\"> </span><span class=\"ls7d wse2\">223.8<span class=\"_ _a9\"> </span><span class=\"lscc wscd\">42<span class=\"_ _1\"></span>1.<span class=\"_ _1\"></span>8<span class=\"_ _69\"> </span><span class=\"lse0 wse0\">1<span class=\"_ _1\"></span>,<span class=\"_ _1\"></span>3<span class=\"_ _1\"></span>41<span class=\"_ _1\"></span>.<span class=\"_ _1\"></span>6<span class=\"_ _1fe\"> </span><span class=\"ls12 wsf\">21<span class=\"_ _1\"></span>,62<span class=\"_ _1\"></span>3.<span class=\"_ _1\"></span>2<span class=\"_ _383\"> </span></span></span></span></span></span></span></div><div class=\"t m0 hd ff1 fs7 fc3 sc0 ls11 ws2 gs9ca\">Derivative asset<span class=\"_ _6\"></span>s<span class=\"_ _2a\"> </span><span class=\"ff2 ls1f ws1c\">888.<span class=\"_ _8\"></span>1<span class=\"_ _1cc\"> </span><span class=\"ls2 ws2\">\u2013 <span class=\"_ _37\"> </span><span class=\"lscd wsce\">2.7<span class=\"_ _93\"> </span><span class=\"ls6f ws75\">55.5<span class=\"_ _8c\"> </span><span class=\"ls7d wse2\">828.2<span class=\"_ _90\"> </span></span></span>1.7<span class=\"_ _383\"> </span></span></span></span></div><div class=\"t m0 hc ff2 fs7 fc3 sc0 ls11 ws2 gs9cb\">T<span class=\"_ _8\"></span>otal assets<span class=\"_ _cb\"> </span><span class=\"lsc6 wsc5\">2<span class=\"_ _2\"></span>8<span class=\"_ _2\"></span>,<span class=\"_ _2\"></span>2<span class=\"_ _2\"></span>7<span class=\"_ _1\"></span>9.<span class=\"_ _2\"></span>8<span class=\"_ _69\"> </span><span class=\"lsc4 wsc3\">3<span class=\"_ _2\"></span>,<span class=\"_ _2\"></span>1<span class=\"_ _2\"></span>0<span class=\"_ _0\"></span>7.<span class=\"_ _0\"> </span>2<span class=\"_ _50\"> </span><span class=\"lscc wscd\">4<span class=\"_ _1\"></span>42<span class=\"_ _1\"></span>.7<span class=\"_ _50\"> </span></span></span>4<span class=\"_ _1\"></span>9<span class=\"_ _2\"></span>9.<span class=\"_ _1\"></span>4<span class=\"_ _6b\"> </span><span class=\"lse0 wse0\">2<span class=\"_ _2\"></span>,41<span class=\"_ _1\"></span>5<span class=\"_ _1\"></span>.<span class=\"_ _1\"></span>3<span class=\"_ _aa\"> </span><span class=\"lscd wsce\">21,815.<span class=\"_ _1\"></span>2<span class=\"_ _383\"> </span></span></span></span></div><div class=\"t m0 hc ff2 fs7 fc3 sc0 ls11 ws2 gs9cc\">Cumulative liquidity gap<span class=\"_ _101\"> </span><span class=\"ls2\"> <span class=\"_ _1a\"> </span><span class=\"lsf9 ws82\">(3,663.5)<span class=\"_ _b5\"> </span><span class=\"lsa wse4\">(6<span class=\"_ _1\"></span>,<span class=\"_ _1\"></span>0<span class=\"_ _1\"></span>8<span class=\"_ _1\"></span>2<span class=\"_ _2\"></span>.6<span class=\"_ _1\"></span>)<span class=\"_ _16\"> </span><span class=\"ls7d wse2\">(1<span class=\"_ _6\"></span>3,825.<span class=\"_ _1\"></span>2)<span class=\"_ _9f\"> </span><span class=\"lsc5 wsc4\">(<span class=\"_ _1\"></span>1<span class=\"_ _1\"></span>8<span class=\"_ _2\"></span>,<span class=\"_ _1\"></span>5<span class=\"_ _1\"></span>1<span class=\"_ _1\"></span>2<span class=\"_ _2\"></span>.9)<span class=\"_ _aa\"> </span><span class=\"ls89 wscc\">2,9<span class=\"_ _1\"></span>2<span class=\"_ _2\"></span>0<span class=\"_ _1\"></span>.4<span class=\"_ _383\"> </span></span></span></span></span></span></span></div><div class=\"t m0 h8 ff1 fs5 fc3 sc0 lse ws71 gs9cd\">2021<span class=\"_ _383\"> </span></div><div class=\"t m0 h8 ff1 fs5 fc3 sc0 lse ws71 gs9ce\">Carrying </div><div class=\"t m0 h8 ff1 fs5 fc3 sc0 lse ws71 gs9cf\">amount<span class=\"_ _383\"> </span></div><div class=\"t m0 h8 ff1 fs5 fc3 sc0 lse ws71 gs9d0\">\u00a3m<span class=\"_ _383\"> </span></div><div class=\"t m0 h8 ff1 fs5 fc3 sc0 lse ws2 gs9d1\">On demand<span class=\"_ _383\"> </span></div><div class=\"t m0 h8 ff1 fs5 fc3 sc0 lse ws71 gs9d2\">\u00a3m<span class=\"_ _383\"> </span></div><div class=\"t m0 h8 ff1 fs5 fc3 sc0 lse ws2 gs9d3\">Less than 3 </div><div class=\"t m0 h8 ff1 fs5 fc3 sc0 lse ws71 gs9d4\">months<span class=\"_ _383\"> </span></div><div class=\"t m0 h8 ff1 fs5 fc3 sc0 lse ws71 gs9d5\">\u00a3m</div><div class=\"t m0 h8 ff1 fs5 fc3 sc0 lse ws2 gs9d6\"> 3 \u2013 12 months<span class=\"_ _383\"> </span></div><div class=\"t m0 h8 ff1 fs5 fc3 sc0 lse ws71 gs9d7\">\u00a3m</div><div class=\"t m0 h8 ff1 fs5 fc3 sc0 lse ws2 gs9d8\"> 1 \u2013 5 years<span class=\"_ _383\"> </span></div><div class=\"t m0 h8 ff1 fs5 fc3 sc0 lse ws71 gs9d9\">\u00a3m<span class=\"_ _383\"> </span></div><div class=\"t m0 h8 ff1 fs5 fc3 sc0 lse ws2 gs9da\">More than 5 </div><div class=\"t m0 h8 ff1 fs5 fc3 sc0 lse ws71 gs9db\">years<span class=\"_ _383\"> </span></div><div class=\"t m0 h8 ff1 fs5 fc3 sc0 lse ws71 gs9dc\">\u00a3m<span class=\"_ _383\"> </span></div><div class=\"t m0 hc ff2 fs7 fc3 sc0 ls11 ws2 gs9dd\">Financial liability by type<span class=\"_ _383\"> </span></div><div class=\"t m0 hd ff1 fs7 fc3 sc0 ls11 ws2 gs9de\">Amounts o<span class=\"_ _6\"></span>wed to r<span class=\"_ _6\"></span>etail depositor<span class=\"_ _6\"></span>s<span class=\"_ _95\"> </span><span class=\"lsc8 wsc8\">1<span class=\"_ _2\"></span>7,<span class=\"_ _0\"></span>5<span class=\"_ _0\"></span>2<span class=\"_ _2\"></span>6<span class=\"_ _0\"></span>.<span class=\"_ _2\"></span>4<span class=\"_ _6b\"> </span><span class=\"ls7a wsa1\">5,004.6<span class=\"_ _6e\"> </span><span class=\"ls1f ws1c\">2,350.3<span class=\"_ _69\"> </span><span class=\"ls2c ws29\">7<span class=\"_ _1f6\"></span>,<span class=\"_ _6\"></span>458.5<span class=\"_ _8e\"> </span>2,713.0<span class=\"_ _116\"> </span><span class=\"ls2 ws2\">\u2013 </span></span></span></span></span></div><div class=\"t m0 hd ff1 fs7 fc3 sc0 ls11 ws2 gs9df\">Amounts o<span class=\"_ _6\"></span>wed to cr<span class=\"_ _6\"></span>edit institutions<span class=\"_ _179\"> </span><span class=\"lsf8 wsfd\">4,<span class=\"_ _0\"></span>3<span class=\"_ _2\"></span>1<span class=\"_ _1\"></span>9.<span class=\"_ _2\"></span>6<span class=\"_ _57\"> </span><span class=\"lsed wsf2\">4<span class=\"_ _1\"></span>2<span class=\"_ _1\"></span>.1<span class=\"_ _ca\"> </span></span></span><span class=\"ws6e\">1.0<span class=\"_ _d9\"> </span></span><span class=\"ls2\">\u2013 <span class=\"_ _1a\"> </span><span class=\"ls88 wse3\">4,<span class=\"_ _1\"></span>2<span class=\"_ _1\"></span>0<span class=\"_ _1\"></span>3.<span class=\"_ _1\"></span>2<span class=\"_ _4f\"> </span><span class=\"ls79 wse8\">73.<span class=\"_ _1\"></span>3<span class=\"_ _383\"> </span></span></span></span></div><div class=\"t m0 hd ff1 fs7 fc3 sc0 ls11 ws2 gs9e0\">Amounts o<span class=\"_ _6\"></span>wed to o<span class=\"_ _6\"></span>ther customer<span class=\"_ _6\"></span>s<span class=\"_ _ef\"> </span><span class=\"ls14 ws11\">92.6<span class=\"_ _d0\"> </span><span class=\"ls88 wse3\">14.<span class=\"_ _1\"></span>8<span class=\"_ _ca\"> </span><span class=\"lsed wsf2\">8<span class=\"_ _2\"></span>.1<span class=\"_ _55\"> </span></span></span></span><span class=\"ws6e\">45.0<span class=\"_ _254\"> </span><span class=\"ls88 wse3\">24.<span class=\"_ _1\"></span>7<span class=\"_ _d9\"> </span></span></span><span class=\"ls2\">\u2013 </span></div><div class=\"t m0 hd ff1 fs7 fc3 sc0 ls11 ws2 gs9e1\">Derivative liabilities<span class=\"_ _c2\"> </span><span class=\"lsf8 wsfd\">1<span class=\"_ _1\"></span>9.<span class=\"_ _2\"></span>7<span class=\"_ _d9\"> </span></span><span class=\"ls2\">\u2013 <span class=\"_ _b2\"> </span><span class=\"ls9f wsbc\">0.7<span class=\"_ _d0\"> </span><span class=\"lsd7 wsd7\">1<span class=\"_ _1\"></span>0<span class=\"_ _2\"></span>.4<span class=\"_ _e5\"> </span><span class=\"ls7a wsa1\">8.6<span class=\"_ _1cc\"> </span></span></span></span>\u2013 </span></div><div class=\"t m0 hd ff1 fs7 fc3 sc0 ls11 ws2 gs9e2\">Debt securities in issue<span class=\"_ _2c6\"> </span><span class=\"ls9f wsbc\">460.3<span class=\"_ _d9\"> </span></span><span class=\"ls2\">\u2013 <span class=\"_ _20e\"> </span>\u2013 <span class=\"_ _3f\"> </span>\u2013 <span class=\"_ _83\"> </span><span class=\"ls9f wsbc\">4<span class=\"_ _1\"></span>60.3<span class=\"_ _d9\"> </span></span>\u2013 </span></div><div class=\"t m0 hd ff1 fs7 fc3 sc0 ls11 ws2 gs9e3\">Lease liabilities<span class=\"_ _c6\"> </span><span class=\"ls9f wsbc\">10.7<span class=\"_ _d9\"> </span></span><span class=\"ls2\">\u2013 <span class=\"_ _37\"> </span><span class=\"ls9f wsbc\">0.<span class=\"_ _1\"></span>3<span class=\"_ _53\"> </span>0.<span class=\"_ _1\"></span>6<span class=\"_ _8b\"> </span><span class=\"lse3 wse7\">3.7<span class=\"_ _ce\"> </span><span class=\"lsed wsf2\">6<span class=\"_ _1\"></span>.1<span class=\"_ _383\"> </span></span></span></span></span></div><div class=\"t m0 hd ff1 fs7 fc3 sc0 ls11 ws2 gs9e4\">Subordinated liabilities<span class=\"_ _17a\"> </span><span class=\"ls9f wsbc\">10.3<span class=\"_ _d9\"> </span></span><span class=\"ls2\">\u2013 <span class=\"_ _20e\"> </span>\u2013 <span class=\"_ _53\"> </span><span class=\"lsed wsf2\">0<span class=\"_ _1\"></span>.1<span class=\"_ _61\"> </span><span class=\"ls9f wsbc\">10.<span class=\"_ _1\"></span>2<span class=\"_ _d9\"> </span></span></span>\u2013 </span></div><div class=\"t m0 hd ff1 fs7 fc3 sc0 ls11 ws6e gs9e5\">PSBs<span class=\"_ _10c\"> </span><span class=\"ls9f wsbc\">15.<span class=\"_ _1\"></span>2<span class=\"_ _d9\"> </span><span class=\"ls2 ws2\">\u2013 <span class=\"_ _20e\"> </span>\u2013 <span class=\"_ _3f\"> </span>\u2013 <span class=\"_ _9d\"> </span></span>15.<span class=\"_ _1\"></span>2<span class=\"_ _d9\"> </span><span class=\"ls2 ws2\">\u2013 </span></span></div><div class=\"t m0 hd ff2 fs7 fc3 sc0 ls11 ws2 gs9e6\">T<span class=\"_ _8\"></span>otal liabilities<span class=\"_ _26\"> </span><span class=\"ff1 lsd7 wsd7\">2<span class=\"_ _1\"></span>2<span class=\"_ _2\"></span>,4<span class=\"_ _1\"></span>5<span class=\"_ _1\"></span>4<span class=\"_ _1\"></span>.<span class=\"_ _2\"></span>8<span class=\"_ _a1\"> </span><span class=\"lsa wse4\">5<span class=\"_ _1\"></span>,0<span class=\"_ _1\"></span>61<span class=\"_ _1\"></span>.<span class=\"_ _1\"></span>5<span class=\"_ _d2\"> </span></span>2<span class=\"_ _1\"></span>,<span class=\"_ _2\"></span>3<span class=\"_ _1\"></span>6<span class=\"_ _1\"></span>0<span class=\"_ _2\"></span>.4<span class=\"_ _7d\"> </span><span class=\"lsc8 wsc8\">7,<span class=\"_ _0\"></span>5<span class=\"_ _2\"></span>1<span class=\"_ _0\"></span>4<span class=\"_ _0\"></span>.<span class=\"_ _0\"></span>6<span class=\"_ _73\"> </span>7,<span class=\"_ _2\"></span>4<span class=\"_ _0\"></span>3<span class=\"_ _0\"></span>8<span class=\"_ _0\"></span>.<span class=\"_ _2\"></span>9<span class=\"_ _1b4\"> </span><span class=\"lsf8 wsfd\">7<span class=\"_ _2\"></span>9.4<span class=\"_ _383\"> </span></span></span></span></div><div class=\"t m0 hc ff2 fs7 fc3 sc0 ls11 ws2 gs9e7\">Financial asset by type<span class=\"_ _383\"> </span></div><div class=\"t m0 hd ff1 fs7 fc3 sc0 ls11 ws2 gs9e8\">Cash in hand<span class=\"_ _2b4\"> </span><span class=\"ls9f wsbc\">0.5<span class=\"_ _15e\"> </span>0.5<span class=\"_ _d9\"> </span></span><span class=\"ls2\">\u2013 <span class=\"_ _20e\"> </span>\u2013 <span class=\"_ _3f\"> </span>\u2013 <span class=\"_ _3f\"> </span>\u2013 </span></div><div class=\"t m0 hd ff1 fs7 fc3 sc0 ls11 ws2 gs9e9\">Loans and adv<span class=\"_ _6\"></span>ances to credit institutions<span class=\"_ _128\"> </span><span class=\"ls2c ws29\">2,843.6<span class=\"_ _69\"> </span></span><span class=\"ls2\">2,66<span class=\"_ _6\"></span>7<span class=\"_ _1f6\"></span>.8<span class=\"_ _96\"> </span><span class=\"ls7e ws16\">52.0<span class=\"_ _63\"> </span><span class=\"lsed wsf2\">1<span class=\"_ _2\"></span>0<span class=\"_ _1\"></span>.1<span class=\"_ _d9\"> </span></span></span>\u2013 <span class=\"_ _3b\"> </span><span class=\"lsc7 ws7f\">113<span class=\"_ _1\"></span>.7<span class=\"_ _383\"> </span></span></span></div><div class=\"t m0 hd ff1 fs7 fc3 sc0 ls11 ws2 gs9ea\">Inv<span class=\"_ _6\"></span>estment securities<span class=\"_ _29f\"> </span><span class=\"lsd7 wsd7\">4<span class=\"_ _1\"></span>9<span class=\"_ _2\"></span>1<span class=\"_ _1\"></span>.4<span class=\"_ _d9\"> </span></span><span class=\"ls2\">\u2013 <span class=\"_ _3e\"> </span><span class=\"ls38 ws35\">172<span class=\"_ _1\"></span>.<span class=\"_ _1\"></span>7<span class=\"_ _ce\"> </span><span class=\"lsed wsf2\">6<span class=\"_ _1\"></span>.1<span class=\"_ _e8\"> </span><span class=\"ls12 wsf\">312<span class=\"_ _1\"></span>.6<span class=\"_ _d9\"> </span></span></span></span>\u2013 </span></div><div class=\"t m0 hd ff1 fs7 fc3 sc0 ls11 ws2 gs9eb\">Loans and adv<span class=\"_ _6\"></span>ances to customer<span class=\"_ _6\"></span>s<span class=\"_ _19a\"> </span><span class=\"ls9f wsbc\">21,0<span class=\"_ _1\"></span>80.<span class=\"_ _1\"></span>3<span class=\"_ _15e\"> </span><span class=\"ls2c ws29\">3.3<span class=\"_ _3b\"> </span><span class=\"lscc wscd\">163.<span class=\"_ _1\"></span>8<span class=\"_ _a9\"> </span><span class=\"ls6f ws75\">3<span class=\"_ _1\"></span>83.5<span class=\"_ _7d\"> </span><span class=\"lsc8 wsc8\">1<span class=\"_ _0\"></span>,<span class=\"_ _0\"></span>3<span class=\"_ _0\"></span>2<span class=\"_ _0\"></span>7.<span class=\"_ _2\"></span>4<span class=\"_ _89\"> </span><span class=\"lsf8 wsfd\">1<span class=\"_ _2\"></span>9,<span class=\"_ _0\"></span>2<span class=\"_ _2\"></span>0<span class=\"_ _1\"></span>2<span class=\"_ _2\"></span>.<span class=\"_ _0\"></span>3<span class=\"_ _383\"> </span></span></span></span></span></span></span></div><div class=\"t m0 hd ff1 fs7 fc3 sc0 ls11 ws2 gs9ec\">Derivative asset<span class=\"_ _6\"></span>s<span class=\"_ _22c\"> </span><span class=\"ls14 ws11\">185.<span class=\"_ _1\"></span>7<span class=\"_ _1cc\"> </span></span><span class=\"ls2\">\u2013 <span class=\"_ _53\"> </span><span class=\"lsed wsf2\">0<span class=\"_ _1\"></span>.1<span class=\"_ _5f\"> </span><span class=\"lsd7 wsd7\">5<span class=\"_ _1\"></span>.4<span class=\"_ _9d\"> </span><span class=\"lsf8 wsfd\">1<span class=\"_ _1\"></span>7<span class=\"_ _2\"></span>9.9<span class=\"_ _8b\"> </span><span class=\"ls9f wsbc\">0.3<span class=\"_ _383\"> </span></span></span></span></span></span></div><div class=\"t m0 hd ff2 fs7 fc3 sc0 ls11 ws2 gs9ed\">T<span class=\"_ _8\"></span>otal assets<span class=\"_ _319\"> </span><span class=\"ff1 lsff ws91\">24<span class=\"_ _6\"></span>,601.5<span class=\"_ _76\"> </span><span class=\"ls2 ws2\">2,6<span class=\"_ _8\"></span>7<span class=\"_ _1\"></span>1.6<span class=\"_ _50\"> </span><span class=\"ls24 ws21\">388.6<span class=\"_ _18d\"> </span><span class=\"lsed wsf2\">4<span class=\"_ _1\"></span>0<span class=\"_ _2\"></span>5<span class=\"_ _1\"></span>.1<span class=\"_ _70\"> </span><span class=\"lsf8 wsfd\">1<span class=\"_ _1\"></span>,<span class=\"_ _2\"></span>8<span class=\"_ _2\"></span>1<span class=\"_ _2\"></span>9.<span class=\"_ _1\"></span>9<span class=\"_ _121\"> </span>1<span class=\"_ _2\"></span>9,<span class=\"_ _2\"></span>3<span class=\"_ _2\"></span>1<span class=\"_ _1\"></span>6<span class=\"_ _2\"></span>.<span class=\"_ _2\"></span>3<span class=\"_ _383\"> </span></span></span></span></span></span></div><div class=\"t m0 hd ff2 fs7 fc3 sc0 ls11 ws2 gs9ee\">Cumulative liquidity gap<span class=\"_ _101\"> </span><span class=\"ff1 ls2\"> <span class=\"_ _d2\"> </span><span class=\"lsf8 wsfd\">(<span class=\"_ _2\"></span>2<span class=\"_ _2\"></span>,<span class=\"_ _2\"></span>3<span class=\"_ _2\"></span>8<span class=\"_ _2\"></span>9.<span class=\"_ _1\"></span>9<span class=\"_ _1\"></span>)<span class=\"_ _a5\"> </span><span class=\"lsa wse4\">(<span class=\"_ _1\"></span>4<span class=\"_ _1\"></span>,<span class=\"_ _1\"></span>3<span class=\"_ _1\"></span>61<span class=\"_ _1\"></span>.<span class=\"_ _1\"></span>7<span class=\"_ _0\"></span>)<span class=\"_ _19f\"> </span><span class=\"ls9f wsbc\">(11,<span class=\"_ _6\"></span>4<span class=\"_ _6\"></span>71.<span class=\"_ _1\"></span>2)<span class=\"_ _fc\"> </span><span class=\"lsc8 wsc8\">(<span class=\"_ _2\"></span>1<span class=\"_ _2\"></span>7,<span class=\"_ _2\"></span>0<span class=\"_ _0\"> </span>9<span class=\"_ _3\"> </span>0<span class=\"_ _2\"></span>.<span class=\"_ _3\"> </span>2<span class=\"_ _2\"></span>)<span class=\"_ _d2\"> </span><span class=\"ls89 wscc\">2<span class=\"_ _2\"></span>,1<span class=\"_ _1\"></span>4<span class=\"_ _1\"></span>6<span class=\"_ _1\"></span>.<span class=\"_ _383\"> </span></span></span></span></span></span></span><span class=\"ff1 ls2\"><span class=\"lsf8 wsfd\"><span class=\"lsa wse4\"><span class=\"ls9f wsbc\"><span class=\"lsc8 wsc8\"><span class=\"ls89 wscc\"><span class=\"_ _1\"></span>7<span class=\"_ _383\"> </span></span></span></span></span></span></span></div><div class=\"t m0 hc ff2 fs7 fc2 sc0 ls2 ws2 gs9f0\"><span class=\"_ _383\">45.\u2002Risk m</span><span class=\"_ _1\"></span>anag<span class=\"_ _1\"></span>eme<span class=\"_ _1\"></span>nt<span class=\"ff5 lsd4 ws46\"> co<span class=\"_ _1\"></span>ntinued<span class=\"_ _383\"> </span></span></div><div class=\"t m0 hc ff2 fs7 fc3 sc0 ls2 ws2 gs9f1\">Liquidity ris<span class=\"_ _1\"></span>k \u2013 undis<span class=\"_ _1\"></span>co<span class=\"_ _1\"></span>unted c<span class=\"_ _1\"></span>ont<span class=\"_ _1\"></span>rac<span class=\"_ _1\"></span>tual c<span class=\"_ _1\"></span>ash \ufb02ows<span class=\"_ _383\"> </span></div><div class=\"t m0 hd ff1 fs7 fc3 sc0 ls11 ws2 gs9f2\">The following t<span class=\"_ _6\"></span>ables provide an analysis o<span class=\"_ _6\"></span>f the Group<span class=\"_ _8\"></span>\u2019<span class=\"_ _6\"></span>s gross contr<span class=\"_ _8\"></span>actual undisc<span class=\"_ _1\"></span>ounted cash \ufb02o<span class=\"_ _6\"></span>ws<span class=\"_ _6\"></span>, derived using in<span class=\"_ _6\"></span>terest r<span class=\"_ _8\"></span>ates and contractual </div><div class=\"t m0 hd ff1 fs7 fc3 sc0 ls11 ws2 gs9f3\">maturities at the reporting date and excluding impac<span class=\"_ _6\"></span>ts of early payment<span class=\"_ _6\"></span>s or non-payments:<span class=\"_ _383\"> </span></div><div class=\"t m0 h3a ff2 fs5 fc3 sc0 lse ws71 gs9f4\">2022<span class=\"_ _383\"> </span></div><div class=\"t m0 h3a ff2 fs5 fc3 sc0 lse ws71 gs9f5\">Carrying </div><div class=\"t m0 h3a ff2 fs5 fc3 sc0 lse ws71 gs9f6\">amount<span class=\"_ _383\"> </span></div><div class=\"t m0 h3a ff2 fs5 fc3 sc0 lse ws71 gs9f7\">\u00a3m<span class=\"_ _383\"> </span></div><div class=\"t m0 h3a ff2 fs5 fc3 sc0 lse ws2 gs9f8\">Gross in\ufb02ow<span class=\"_ _6\"></span>/ </div><div class=\"t m0 h3a ff2 fs5 fc3 sc0 lse ws71 gs9f9\">out\ufb02ow<span class=\"_ _383\"> </span></div><div class=\"t m0 h3a ff2 fs5 fc3 sc0 lse ws71 gs9fa\">\u00a3m<span class=\"_ _383\"> </span></div><div class=\"t m0 h3a ff2 fs5 fc3 sc0 lse ws2 gs9fb\">Up to 3 </div><div class=\"t m0 h3a ff2 fs5 fc3 sc0 lse ws71 gs9fc\">months<span class=\"_ _383\"> </span></div><div class=\"t m0 h3a ff2 fs5 fc3 sc0 lse ws71 gs9fd\">\u00a3m</div><div class=\"t m0 h3a ff2 fs5 fc3 sc0 lse ws2 gs9fe\"> 3 \u2013 12 months<span class=\"_ _383\"> </span></div><div class=\"t m0 h3a ff2 fs5 fc3 sc0 lse ws71 gs9ff\">\u00a3m</div><div class=\"t m0 h3a ff2 fs5 fc3 sc0 lse ws2 gsa00\"> 1 \u2013 5 years<span class=\"_ _383\"> </span></div><div class=\"t m0 h3a ff2 fs5 fc3 sc0 lse ws71 gsa01\">\u00a3m<span class=\"_ _383\"> </span></div><div class=\"t m0 h3a ff2 fs5 fc3 sc0 lse ws2 gsa02\">More than 5 </div><div class=\"t m0 h3a ff2 fs5 fc3 sc0 lse ws71 gsa03\">years<span class=\"_ _383\"> </span></div><div class=\"t m0 h3a ff2 fs5 fc3 sc0 lse ws71 gsa04\">\u00a3m<span class=\"_ _383\"> </span></div><div class=\"t m0 hc ff2 fs7 fc3 sc0 ls11 ws2 gsa05\">Financial liability by type<span class=\"_ _d6\"> </span><span class=\"ls2\"> <span class=\"_ _11a\"> </span> <span class=\"_ _11a\"> </span> <span class=\"_ _11a\"> </span> <span class=\"_ _11a\"> </span> <span class=\"_ _11a\"> </span> </span></div><div class=\"t m0 hd ff1 fs7 fc3 sc0 ls11 ws2 gsa06\">Amounts o<span class=\"_ _6\"></span>wed to r<span class=\"_ _6\"></span>etail depositor<span class=\"_ _6\"></span>s<span class=\"_ _19a\"> </span><span class=\"ff2 lsd3 ws86\">19<span class=\"_ _1f6\"></span>,755.8<span class=\"_ _36\"> </span><span class=\"ls7e ws16\">20,08<span class=\"_ _1\"></span>3.0<span class=\"_ _66\"> </span><span class=\"ls16c ws189\">9,<span class=\"_ _2\"></span>5<span class=\"_ _2\"></span>6<span class=\"_ _2\"></span>6<span class=\"_ _1\"></span>.<span class=\"_ _2\"></span>2<span class=\"_ _7f\"> </span><span class=\"lse4 wse9\">7,<span class=\"_ _1\"></span>9<span class=\"_ _0\"> </span>1<span class=\"_ _0\"></span>1<span class=\"_ _2\"></span>.<span class=\"_ _0\"></span>0<span class=\"_ _6c\"> </span><span class=\"ls2 ws2\">2,605.8<span class=\"_ _1cc\"> </span>\u2013<span class=\"_ _383\"> </span></span></span></span></span></span></div><div class=\"t m0 hd ff1 fs7 fc3 sc0 ls11 ws2 gsa07\">Amounts o<span class=\"_ _6\"></span>wed to cr<span class=\"_ _6\"></span>edit institutions<span class=\"_ _ae\"> </span><span class=\"ff2 lsc5 wsc4\">5<span class=\"_ _1\"></span>,<span class=\"_ _1\"></span>0<span class=\"_ _1\"></span>9<span class=\"_ _1\"></span>2<span class=\"_ _2\"></span>.9<span class=\"_ _d\"> </span><span class=\"lsc6 wsc5\">5<span class=\"_ _1\"></span>,<span class=\"_ _1\"></span>4<span class=\"_ _2\"></span>5<span class=\"_ _2\"></span>9.<span class=\"_ _2\"></span>8<span class=\"_ _3b\"> </span><span class=\"lsc4 wsc3\">2<span class=\"_ _2\"></span>2<span class=\"_ _0\"></span>7.<span class=\"_ _2\"></span>1<span class=\"_ _18d\"> </span></span></span>41<span class=\"_ _2\"></span>0<span class=\"_ _1\"></span>.9<span class=\"_ _d\"> </span><span class=\"ls6f ws75\">4,<span class=\"_ _6\"></span>449<span class=\"_ _8\"></span>.5<span class=\"_ _86\"> </span><span class=\"ls33 ws30\">372<span class=\"_ _2\"></span>.3<span class=\"_ _383\"> </span></span></span></span></div><div class=\"t m0 hd ff1 fs7 fc3 sc0 ls11 ws2 gsa08\">Amounts o<span class=\"_ _6\"></span>wed to o<span class=\"_ _6\"></span>ther customer<span class=\"_ _6\"></span>s<span class=\"_ _102\"> </span><span class=\"ff2 lsc3 wsc2\">11<span class=\"_ _1\"></span>3<span class=\"_ _2\"></span>.1<span class=\"_ _9d\"> </span>11<span class=\"_ _1\"></span>3<span class=\"_ _2\"></span>.1<span class=\"_ _55\"> </span><span class=\"lsc6 wsc5\">2<span class=\"_ _1\"></span>9.<span class=\"_ _2\"></span>7<span class=\"_ _55\"> </span><span class=\"ls9e ws98\">76<span class=\"_ _1\"></span>.<span class=\"_ _2\"></span>5<span class=\"_ _e5\"> </span><span class=\"lsc5 wsc4\">6<span class=\"_ _1\"></span>.9<span class=\"_ _d9\"> </span><span class=\"ls2 ws2\">\u2013<span class=\"_ _383\"> </span></span></span></span></span></span></div><div class=\"t m0 hd ff1 fs7 fc3 sc0 ls11 ws2 gsa09\">Derivative liabilities<span class=\"_ _d4\"> </span><span class=\"ff2 ls2\">106.6<span class=\"_ _5a\"> </span><span class=\"lsc5 wsc4\">1<span class=\"_ _2\"></span>0<span class=\"_ _1\"></span>3<span class=\"_ _1\"></span>.9<span class=\"_ _4f\"> </span><span class=\"ls12 wsf\">16.<span class=\"_ _1\"></span>2<span class=\"_ _61\"> </span><span class=\"lsc6 wsc5\">3<span class=\"_ _2\"></span>9.1<span class=\"_ _96\"> </span><span class=\"lscd wsce\">46.7<span class=\"_ _90\"> </span></span></span></span>1<span class=\"_ _2\"></span>.9<span class=\"_ _383\"> </span></span></span></div><div class=\"t m0 hd ff1 fs7 fc3 sc0 ls11 ws2 gsa0a\">Debt securities in issue<span class=\"_ _2b0\"> </span><span class=\"ff2 lsc5 wsc4\">2<span class=\"_ _2\"></span>6<span class=\"_ _1\"></span>5<span class=\"_ _1\"></span>.9<span class=\"_ _5a\"> </span><span class=\"lsc4 wsc3\">2<span class=\"_ _0\"></span>7<span class=\"_ _0\"> </span>7.<span class=\"_ _3\"> </span>3<span class=\"_ _96\"> </span><span class=\"ls81 wsdf\">3<span class=\"_ _1\"></span>4<span class=\"_ _1\"></span>.4<span class=\"_ _9d\"> </span><span class=\"ls11 ws6e\">64.5<span class=\"_ _3e\"> </span></span>178<span class=\"_ _1\"></span>.4<span class=\"_ _d9\"> </span><span class=\"ls2 ws2\">\u2013 </span></span></span></span></div><div class=\"t m0 hd ff1 fs7 fc3 sc0 ls11 ws2 gsa0b\">Lease liabilities<span class=\"_ _325\"> </span><span class=\"ff2 lsc6 wsc5\">9.9<span class=\"_ _57\"> </span><span class=\"ls81 wsdf\">11<span class=\"_ _1\"></span>.4<span class=\"_ _15c\"> </span><span class=\"ls11 ws6e\">0.5<span class=\"_ _5f\"> </span><span class=\"ls14 ws11\">1.5<span class=\"_ _1c2\"> </span><span class=\"lsd3 ws86\">8.8<span class=\"_ _1c2\"> </span></span></span>0.6<span class=\"_ _383\"> </span></span></span></span></div><div class=\"t m0 hd ff1 fs7 fc3 sc0 ls11 ws2 gsa0c\">Subordinated liabilities<span class=\"_ _300\"> </span><span class=\"ff2 ls2\">\u2013 <span class=\"_ _3f\"> </span>\u2013 <span class=\"_ _20e\"> </span>\u2013 <span class=\"_ _3f\"> </span>\u2013 <span class=\"_ _20e\"> </span>\u2013 <span class=\"_ _3f\"> </span>\u2013 </span></div><div class=\"t m0 hd ff1 fs7 fc3 sc0 ls11 ws6e gsa0d\">PSBs<span class=\"_ _2b1\"> </span><span class=\"ff2 lscd wsce\">15.2<span class=\"_ _1b4\"> </span><span class=\"lsc3 wsc2\">1<span class=\"_ _1\"></span>6<span class=\"_ _1\"></span>.1<span class=\"_ _15c\"> </span></span></span><span class=\"ff2\">0.<span class=\"_ _1\"></span>3<span class=\"_ _1c2\"> </span>0.3<span class=\"_ _254\"> </span><span class=\"lscd wsce\">15.5<span class=\"_ _1cc\"> </span><span class=\"ls2 ws2\">\u2013 </span></span></span></div><div class=\"t m0 hc ff2 fs7 fc3 sc0 ls11 ws2 gsa0e\">T<span class=\"_ _8\"></span>otal liabilities<span class=\"_ _24\"> </span><span class=\"lsc6 wsc5\">2<span class=\"_ _1\"></span>5<span class=\"_ _2\"></span>,<span class=\"_ _1\"></span>3<span class=\"_ _2\"></span>5<span class=\"_ _2\"></span>9.<span class=\"_ _1\"></span>4<span class=\"_ _a2\"> </span><span class=\"lsc9 wsc9\">26,06<span class=\"_ _1\"></span>4.6<span class=\"_ _d\"> </span><span class=\"ls16c ws189\">9,<span class=\"_ _2\"></span>8<span class=\"_ _1\"></span>7<span class=\"_ _2\"></span>4<span class=\"_ _2\"></span>.<span class=\"_ _1\"></span>4<span class=\"_ _89\"> </span><span class=\"lsd3 ws86\">8,503.8<span class=\"_ _76\"> </span><span class=\"ls14 ws11\">7<span class=\"_ _1f6\"></span>,<span class=\"_ _1\"></span>311.6<span class=\"_ _98\"> </span><span class=\"ls11 ws6e\">37<span class=\"_ _1\"></span>4.8<span class=\"_ _383\"> </span></span></span></span></span></span></span></div><div class=\"t m0 hd ff1 fs7 fc3 sc0 ls11 ws2 gsa0f\"><span class=\"_ _383\">Off-balance sheet loan commitments</span><span class=\"_ _13e\"> </span><span class=\"ff2 ls7e ws16\">1,2<span class=\"_ _1\"></span>12.<span class=\"_ _1\"></span>2<span class=\"_ _d2\"> </span>1<span class=\"_ _1\"></span>,<span class=\"_ _1\"></span>212.<span class=\"_ _1\"></span>2<span class=\"_ _d2\"> </span>1<span class=\"_ _1\"></span>,<span class=\"_ _1\"></span>212<span class=\"_ _1\"></span>.2<span class=\"_ _d9\"> </span><span class=\"ls2 ws2\">\u2013 <span class=\"_ _20e\"> </span>\u2013 <span class=\"_ _3f\"> </span>\u2013 </span></span></div><div class=\"t m0 hc ff2 fs7 fc3 sc0 ls11 ws2 gsa10\">Financial asset by type<span class=\"_ _326\"> </span><span class=\"ls2\"> <span class=\"_ _11a\"> </span> <span class=\"_ _11a\"> </span> <span class=\"_ _21a\"> </span> <span class=\"_ _11a\"> </span> <span class=\"_ _11a\"> </span> </span></div><div class=\"t m0 hd ff1 fs7 fc3 sc0 ls11 ws2 gsa11\">Cash in hand<span class=\"_ _f0\"> </span><span class=\"ff2 ls81 wsdf\">0<span class=\"_ _1\"></span>.4<span class=\"_ _15c\"> </span>0<span class=\"_ _1\"></span>.4<span class=\"_ _15c\"> </span>0<span class=\"_ _1\"></span>.4<span class=\"_ _d9\"> </span><span class=\"ls2 ws2\">\u2013 <span class=\"_ _20e\"> </span>\u2013 <span class=\"_ _3f\"> </span>\u2013 </span></span></div><div class=\"t m0 hd ff1 fs7 fc3 sc0 ls11 ws2 gsa12\">Loans and adv<span class=\"_ _6\"></span>ances to credit institutions<span class=\"_ _a\"> </span><span class=\"ff2 lsf9 ws82\">3,365.7<span class=\"_ _6c\"> </span>3,365.7<span class=\"_ _6b\"> </span><span class=\"lsd7 wsd7\">3<span class=\"_ _1\"></span>,1<span class=\"_ _1\"></span>7<span class=\"_ _2\"></span>5<span class=\"_ _1\"></span>.4<span class=\"_ _d9\"> </span><span class=\"ls2 ws2\">\u2013 <span class=\"_ _3f\"> </span>\u2013 <span class=\"_ _70\"> </span><span class=\"ls11 ws6e\">190.3<span class=\"_ _383\"> </span></span></span></span></span></div><div class=\"t m0 hd ff1 fs7 fc3 sc0 ls11 ws2 gsa13\">Inv<span class=\"_ _6\"></span>estment securities<span class=\"_ _c1\"> </span><span class=\"ff2 lsc5 wsc4\">412<span class=\"_ _2\"></span>.9<span class=\"_ _86\"> </span><span class=\"ls14 ws11\">444.3<span class=\"_ _50\"> </span><span class=\"ls6f ws75\">148.<span class=\"_ _1\"></span>2<span class=\"_ _2ab\"> </span><span class=\"ls11 ws6e\">3<span class=\"_ _1\"></span>0.<span class=\"_ _1\"></span>2<span class=\"_ _86\"> </span></span></span></span>2<span class=\"_ _1\"></span>6<span class=\"_ _1\"></span>5<span class=\"_ _2\"></span>.9<span class=\"_ _d9\"> </span><span class=\"ls2 ws2\">\u2013<span class=\"_ _383\"> </span></span></span></div><div class=\"t m0 hd ff1 fs7 fc3 sc0 ls11 ws2 gsa14\">Loans and adv<span class=\"_ _6\"></span>ances to customer<span class=\"_ _6\"></span>s<span class=\"_ _19c\"> </span><span class=\"ff2 ls33 ws30\">2<span class=\"_ _1\"></span>3<span class=\"_ _1\"></span>,<span class=\"_ _1\"></span>612<span class=\"_ _1\"></span>.<span class=\"_ _1\"></span>7<span class=\"_ _19f\"> </span><span class=\"ls7a wsa1\">57<span class=\"_ _1f6\"></span>,<span class=\"_ _6\"></span>940.<span class=\"_ _8\"></span>1<span class=\"_ _98\"> </span><span class=\"ls2c ws29\">430.7<span class=\"_ _d2\"> </span><span class=\"lse3 wse7\">1,657<span class=\"_ _1f6\"></span>.2<span class=\"_ _6c\"> </span><span class=\"lsc5 wsc4\">8<span class=\"_ _1\"></span>,<span class=\"_ _1\"></span>0<span class=\"_ _2\"></span>2<span class=\"_ _1\"></span>8<span class=\"_ _1\"></span>.9<span class=\"_ _1fe\"> </span><span class=\"ls2c ws29\">47<span class=\"_ _9\"></span>,823.3<span class=\"_ _383\"> </span></span></span></span></span></span></span></div><div class=\"t m0 hd ff1 fs7 fc3 sc0 ls11 ws2 gsa15\">Derivative asset<span class=\"_ _6\"></span>s<span class=\"_ _2a\"> </span><span class=\"ff2 ls1f ws1c\">888.<span class=\"_ _8\"></span>1<span class=\"_ _8c\"> </span><span class=\"ls11 ws6e\">820.5<span class=\"_ _55\"> </span><span class=\"ls9e ws98\">76<span class=\"_ _2\"></span>.9<span class=\"_ _a9\"> </span><span class=\"lsc6 wsc5\">2<span class=\"_ _2\"></span>5<span class=\"_ _1\"></span>9.<span class=\"_ _1\"></span>4<span class=\"_ _86\"> </span></span></span>484.<span class=\"_ _1\"></span>6<span class=\"_ _9c\"> </span><span class=\"lsa wse4\">(<span class=\"_ _1\"></span>0<span class=\"_ _1\"></span>.4)<span class=\"_ _383\"> </span></span></span></span></div><div class=\"t m0 hc ff2 fs7 fc3 sc0 ls11 ws2 gsa16\">T<span class=\"_ _8\"></span>otal assets<span class=\"_ _cb\"> </span><span class=\"lsc6 wsc5\">2<span class=\"_ _2\"></span>8<span class=\"_ _2\"></span>,<span class=\"_ _2\"></span>2<span class=\"_ _2\"></span>7<span class=\"_ _1\"></span>9.<span class=\"_ _2\"></span>8<span class=\"_ _fd\"> </span><span class=\"ls12 wsf\">62<span class=\"_ _1\"></span>,571<span class=\"_ _1\"></span>.0<span class=\"_ _6e\"> </span><span class=\"ls14 ws11\">3,8<span class=\"_ _1\"></span>31.6<span class=\"_ _121\"> </span><span class=\"ls89 wscc\">1<span class=\"_ _1\"></span>,9<span class=\"_ _1\"></span>4<span class=\"_ _2\"></span>6<span class=\"_ _1\"></span>.<span class=\"_ _1\"></span>8<span class=\"_ _6e\"> </span></span></span></span>8<span class=\"_ _2\"></span>,<span class=\"_ _2\"></span>7<span class=\"_ _2\"></span>7<span class=\"_ _2\"></span>9.<span class=\"_ _1\"></span>4<span class=\"_ _202\"> </span><span class=\"ls7e ws16\">48<span class=\"_ _1\"></span>,013<span class=\"_ _1\"></span>.<span class=\"_ _1\"></span>2<span class=\"_ _383\"> </span></span></span></div><div class=\"t m0 h8 ff1 fs5 fc3 sc0 lse ws71 gsa17\">2021<span class=\"_ _383\"> </span></div><div class=\"t m0 h8 ff1 fs5 fc3 sc0 lse ws71 gsa18\">Carrying </div><div class=\"t m0 h8 ff1 fs5 fc3 sc0 lse ws71 gsa19\">amount<span class=\"_ _383\"> </span></div><div class=\"t m0 h8 ff1 fs5 fc3 sc0 lse ws71 gsa1a\">\u00a3m<span class=\"_ _383\"> </span></div><div class=\"t m0 h8 ff1 fs5 fc3 sc0 lse ws2 gsa1b\">Gross in\ufb02o<span class=\"_ _6\"></span>w/ </div><div class=\"t m0 h8 ff1 fs5 fc3 sc0 lse ws71 gsa1c\">out\ufb02ow<span class=\"_ _383\"> </span></div><div class=\"t m0 h8 ff1 fs5 fc3 sc0 lse ws71 gsa1d\">\u00a3m<span class=\"_ _383\"> </span></div><div class=\"t m0 h8 ff1 fs5 fc3 sc0 lse ws2 gsa1e\">Up to 3 months<span class=\"_ _383\"> </span></div><div class=\"t m0 h8 ff1 fs5 fc3 sc0 lse ws71 gsa1f\">\u00a3m</div><div class=\"t m0 h8 ff1 fs5 fc3 sc0 lse ws2 gsa20\"> 3 \u2013 12 months<span class=\"_ _383\"> </span></div><div class=\"t m0 h8 ff1 fs5 fc3 sc0 lse ws71 gsa21\">\u00a3m</div><div class=\"t m0 h8 ff1 fs5 fc3 sc0 lse ws2 gsa22\"> 1 \u2013 5 years<span class=\"_ _383\"> </span></div><div class=\"t m0 h8 ff1 fs5 fc3 sc0 lse ws71 gsa23\">\u00a3m<span class=\"_ _383\"> </span></div><div class=\"t m0 h8 ff1 fs5 fc3 sc0 lse ws2 gsa24\">More than 5 </div><div class=\"t m0 h8 ff1 fs5 fc3 sc0 lse ws71 gsa25\">years<span class=\"_ _383\"> </span></div><div class=\"t m0 h8 ff1 fs5 fc3 sc0 lse ws71 gsa26\">\u00a3m<span class=\"_ _383\"> </span></div><div class=\"t m0 hc ff2 fs7 fc3 sc0 ls11 ws2 gsa27\">Financial liability by type<span class=\"_ _383\"> </span></div><div class=\"t m0 hd ff1 fs7 fc3 sc0 ls11 ws2 gsa28\">Amounts o<span class=\"_ _6\"></span>wed to r<span class=\"_ _6\"></span>etail depositor<span class=\"_ _6\"></span>s<span class=\"_ _95\"> </span><span class=\"lsc8 wsc8\">1<span class=\"_ _2\"></span>7,<span class=\"_ _0\"></span>5<span class=\"_ _0\"></span>2<span class=\"_ _2\"></span>6<span class=\"_ _0\"></span>.<span class=\"_ _2\"></span>4<span class=\"_ _6e\"> </span><span class=\"lse3 wse7\">17<span class=\"_ _1f6\"></span>,554.7<span class=\"_ _40\"> </span><span class=\"lsf8 wsfd\">9,<span class=\"_ _1\"></span>3<span class=\"_ _0\"></span>0<span class=\"_ _2\"></span>5<span class=\"_ _2\"></span>.<span class=\"_ _2\"></span>7<span class=\"_ _d2\"> </span></span>5<span class=\"_ _1\"></span>,88<span class=\"_ _1\"></span>3.7<span class=\"_ _121\"> </span><span class=\"ls14 ws11\">2<span class=\"_ _1\"></span>,365.<span class=\"_ _1\"></span>3<span class=\"_ _1cc\"> </span><span class=\"ls2 ws2\">\u2013 </span></span></span></span></div><div class=\"t m0 hd ff1 fs7 fc3 sc0 ls11 ws2 gsa29\">Amounts o<span class=\"_ _6\"></span>wed to cr<span class=\"_ _6\"></span>edit institutions<span class=\"_ _179\"> </span><span class=\"lsf8 wsfd\">4,<span class=\"_ _0\"></span>3<span class=\"_ _2\"></span>1<span class=\"_ _1\"></span>9.<span class=\"_ _2\"></span>6<span class=\"_ _69\"> </span>4<span class=\"_ _2\"></span>,<span class=\"_ _2\"></span>3<span class=\"_ _2\"></span>5<span class=\"_ _2\"></span>9.<span class=\"_ _2\"></span>8<span class=\"_ _55\"> </span><span class=\"ls79 wse8\">45<span class=\"_ _1\"></span>.2<span class=\"_ _15e\"> </span><span class=\"ls7a wsa1\">5.<span class=\"_ _1\"></span>2<span class=\"_ _a1\"> </span><span class=\"lsed wsf2\">4,<span class=\"_ _2\"></span>2<span class=\"_ _1\"></span>3<span class=\"_ _2\"></span>6<span class=\"_ _1\"></span>.1<span class=\"_ _4f\"> </span></span></span>73<span class=\"_ _1\"></span>.3<span class=\"_ _383\"> </span></span></span></div><div class=\"t m0 hd ff1 fs7 fc3 sc0 ls11 ws2 gsa2a\">Amounts o<span class=\"_ _6\"></span>wed to o<span class=\"_ _6\"></span>ther customer<span class=\"_ _6\"></span>s<span class=\"_ _ef\"> </span><span class=\"ls14 ws11\">92.6<span class=\"_ _55\"> </span>92.6<span class=\"_ _254\"> </span><span class=\"ls86 wsf1\">2<span class=\"_ _2\"></span>2<span class=\"_ _1\"></span>.9<span class=\"_ _55\"> </span></span></span><span class=\"ws6e\">45.0<span class=\"_ _254\"> </span><span class=\"ls88 wse3\">2<span class=\"_ _1\"></span>4.7<span class=\"_ _d9\"> </span></span></span><span class=\"ls2\">\u2013 </span></div><div class=\"t m0 hd ff1 fs7 fc3 sc0 ls11 ws2 gsa2b\">Derivative liabilities<span class=\"_ _c2\"> </span><span class=\"lsf8 wsfd\">1<span class=\"_ _1\"></span>9.<span class=\"_ _2\"></span>7<span class=\"_ _e5\"> </span></span><span class=\"ws6e\">6.0<span class=\"_ _57\"> </span><span class=\"lsd7 wsd7\">(<span class=\"_ _1\"></span>0<span class=\"_ _1\"></span>.4<span class=\"_ _1\"></span>)<span class=\"_ _53\"> </span><span class=\"lsed wsf2\">5<span class=\"_ _1\"></span>.1<span class=\"_ _ca\"> </span><span class=\"ls9f wsbc\">1.<span class=\"_ _1\"></span>2<span class=\"_ _ca\"> </span></span>0<span class=\"_ _1\"></span>.1<span class=\"_ _383\"> </span></span></span></span></div><div class=\"t m0 hd ff1 fs7 fc3 sc0 ls11 ws2 gsa2c\">Debt securities in issue<span class=\"_ _2c6\"> </span><span class=\"ls9f wsbc\">460.3<span class=\"_ _3e\"> </span><span class=\"lsee wsf3\">47<span class=\"_ _2\"></span>3<span class=\"_ _1\"></span>.<span class=\"_ _2\"></span>2<span class=\"_ _1b4\"> </span><span class=\"lsed wsf2\">2<span class=\"_ _1\"></span>5<span class=\"_ _1\"></span>.1<span class=\"_ _254\"> </span></span></span></span><span class=\"ws6e\">7<span class=\"_ _1\"></span>5.0<span class=\"_ _5c\"> </span><span class=\"lsed wsf2\">3<span class=\"_ _1\"></span>7<span class=\"_ _1\"></span>3<span class=\"_ _1\"></span>.1<span class=\"_ _d9\"> </span></span></span><span class=\"ls2\">\u2013 </span></div><div class=\"t m0 hd ff1 fs7 fc3 sc0 ls11 ws2 gsa2d\">Lease liabilities<span class=\"_ _c6\"> </span><span class=\"ls9f wsbc\">10.7<span class=\"_ _1c2\"> </span><span class=\"lsed wsf2\">1<span class=\"_ _1\"></span>3<span class=\"_ _2\"></span>.1<span class=\"_ _15e\"> </span></span>0.<span class=\"_ _1\"></span>6<span class=\"_ _ca\"> </span>1.6<span class=\"_ _ca\"> </span><span class=\"lsc8 wsc8\">7.<span class=\"_ _0\"></span>7<span class=\"_ _5f\"> </span><span class=\"ls2c ws29\">3.2<span class=\"_ _383\"> </span></span></span></span></div><div class=\"t m0 hd ff1 fs7 fc3 sc0 ls11 ws2 gsa2e\">Subordinated liabilities<span class=\"_ _17a\"> </span><span class=\"ls9f wsbc\">10.3<span class=\"_ _61\"> </span><span class=\"ls12 wsf\">12<span class=\"_ _1\"></span>.<span class=\"_ _1\"></span>2<span class=\"_ _53\"> </span></span>0.<span class=\"_ _1\"></span>2<span class=\"_ _e5\"> </span>0.7<span class=\"_ _1c2\"> </span><span class=\"lsc7 ws7f\">11.<span class=\"_ _1\"></span>3<span class=\"_ _d9\"> </span></span></span><span class=\"ls2\">\u2013 </span></div><div class=\"t m0 hd ff1 fs7 fc3 sc0 ls11 ws6e gsa2f\">PSBs<span class=\"_ _10c\"> </span><span class=\"ls9f wsbc\">15.<span class=\"_ _1\"></span>2<span class=\"_ _d0\"> </span><span class=\"lscc wscd\">16.<span class=\"_ _1\"></span>8<span class=\"_ _53\"> </span></span>0.<span class=\"_ _1\"></span>2<span class=\"_ _15e\"> </span>0.5<span class=\"_ _1c2\"> </span><span class=\"lsed wsf2\">1<span class=\"_ _1\"></span>6<span class=\"_ _1\"></span>.1<span class=\"_ _d9\"> </span><span class=\"ls2 ws2\">\u2013 </span></span></span></div><div class=\"t m0 hd ff2 fs7 fc3 sc0 ls11 ws2 gsa30\">T<span class=\"_ _8\"></span>otal liabilities<span class=\"_ _26\"> </span><span class=\"ff1 lsd7 wsd7\">2<span class=\"_ _1\"></span>2<span class=\"_ _2\"></span>,4<span class=\"_ _1\"></span>5<span class=\"_ _1\"></span>4<span class=\"_ _1\"></span>.<span class=\"_ _2\"></span>8<span class=\"_ _aa\"> </span><span class=\"lse3 wse7\">22,528.<span class=\"_ _6\"></span>4<span class=\"_ _69\"> </span><span class=\"lsf8 wsfd\">9,<span class=\"_ _2\"></span>3<span class=\"_ _2\"></span>9<span class=\"_ _2\"></span>9.<span class=\"_ _2\"></span>5<span class=\"_ _a1\"> </span><span class=\"ls7a wsa1\">6,016.8<span class=\"_ _40\"> </span><span class=\"ls1f ws1c\">7<span class=\"_ _1f6\"></span>,035.5<span class=\"_ _254\"> </span><span class=\"ls7a wsa1\">7<span class=\"_ _6\"></span>6.6<span class=\"_ _383\"> </span></span></span></span></span></span></span></div><div class=\"t m0 hd ff1 fs7 fc3 sc0 ls11 ws2 gsa31\"><span class=\"_ _383\">Off-balance sheet loan commitments</span><span class=\"_ _a7\"> </span><span class=\"ls9f wsbc\">1,155.3<span class=\"_ _94\"> </span>1,155.3<span class=\"_ _7d\"> </span>1,155.3<span class=\"_ _d9\"> </span></span><span class=\"ls2\">\u2013 <span class=\"_ _20e\"> </span>\u2013 <span class=\"_ _3f\"> </span>\u2013 </span></div><div class=\"t m0 hc ff2 fs7 fc3 sc0 ls11 ws2 gsa32\">Financial asset by type<span class=\"_ _383\"> </span></div><div class=\"t m0 hd ff1 fs7 fc3 sc0 ls11 ws2 gsa33\">Cash in hand<span class=\"_ _2b4\"> </span><span class=\"ls9f wsbc\">0.5<span class=\"_ _15e\"> </span>0.5<span class=\"_ _15e\"> </span>0.5<span class=\"_ _d9\"> </span></span><span class=\"ls2\">\u2013 <span class=\"_ _20e\"> </span>\u2013 <span class=\"_ _3f\"> </span>\u2013 </span></div><div class=\"t m0 hd ff1 fs7 fc3 sc0 ls11 ws2 gsa34\">Loans and adv<span class=\"_ _6\"></span>ances to credit institutions<span class=\"_ _128\"> </span><span class=\"ls2c ws29\">2,843.6<span class=\"_ _6e\"> </span>2,843.6<span class=\"_ _6b\"> </span><span class=\"ls6f ws75\">2,756.<span class=\"_ _1\"></span>3<span class=\"_ _63\"> </span><span class=\"lsed wsf2\">1<span class=\"_ _1\"></span>0<span class=\"_ _1\"></span>.1<span class=\"_ _d9\"> </span></span></span></span><span class=\"ls2\">\u2013 <span class=\"_ _9d\"> </span><span class=\"lsc8 wsc8\">7<span class=\"_ _3\"> </span>7.<span class=\"_ _0\"></span>2<span class=\"_ _383\"> </span></span></span></div><div class=\"t m0 hd ff1 fs7 fc3 sc0 ls11 ws2 gsa35\">Inv<span class=\"_ _6\"></span>estment securities<span class=\"_ _29f\"> </span><span class=\"lsd7 wsd7\">4<span class=\"_ _1\"></span>9<span class=\"_ _2\"></span>1<span class=\"_ _1\"></span>.4<span class=\"_ _3b\"> </span><span class=\"lsc8 wsc8\">4<span class=\"_ _2\"></span>9<span class=\"_ _0\"></span>7.<span class=\"_ _2\"></span>0<span class=\"_ _59\"> </span><span class=\"ls38 ws35\">17<span class=\"_ _1\"></span>2<span class=\"_ _1\"></span>.6<span class=\"_ _3d\"> </span><span class=\"ls6f ws75\">108.<span class=\"_ _1\"></span>8<span class=\"_ _3d\"> </span><span class=\"ls7a wsa1\">215.6<span class=\"_ _d9\"> </span></span></span></span></span></span><span class=\"ls2\">\u2013 </span></div><div class=\"t m0 hd ff1 fs7 fc3 sc0 ls11 ws2 gsa36\">Loans and adv<span class=\"_ _6\"></span>ances to customer<span class=\"_ _6\"></span>s<span class=\"_ _19a\"> </span><span class=\"ls9f wsbc\">21,0<span class=\"_ _1\"></span>80.<span class=\"_ _1\"></span>3<span class=\"_ _88\"> </span>41,29<span class=\"_ _1\"></span>0.<span class=\"_ _1\"></span>2<span class=\"_ _3e\"> </span><span class=\"lsd7 wsd7\">3<span class=\"_ _1\"></span>7<span class=\"_ _2\"></span>4<span class=\"_ _1\"></span>.4<span class=\"_ _7d\"> </span></span>1,3<span class=\"_ _1\"></span>31.0<span class=\"_ _74\"> </span><span class=\"ls86 wsf1\">5<span class=\"_ _2\"></span>,<span class=\"_ _1\"></span>7<span class=\"_ _2\"></span>11<span class=\"_ _2\"></span>.9<span class=\"_ _88\"> </span><span class=\"lsd4 ws46\">33,872.<span class=\"_ _8\"></span>9<span class=\"_ _383\"> </span></span></span></span></div><div class=\"t m0 hd ff1 fs7 fc3 sc0 ls11 ws2 gsa37\">Derivative asset<span class=\"_ _6\"></span>s<span class=\"_ _22c\"> </span><span class=\"ls14 ws11\">185.<span class=\"_ _1\"></span>7<span class=\"_ _55\"> </span><span class=\"ls7a wsa1\">75.8<span class=\"_ _15e\"> </span><span class=\"lsd7 wsd7\">(<span class=\"_ _1\"></span>1<span class=\"_ _1\"></span>.4)<span class=\"_ _9c\"> </span><span class=\"lsc7 ws7f\">11.<span class=\"_ _1\"></span>2<span class=\"_ _55\"> </span></span></span></span></span><span class=\"ws6e\">66.0<span class=\"_ _1cc\"> </span></span><span class=\"ls2\">\u2013 </span></div><div class=\"t m0 hd ff2 fs7 fc3 sc0 ls11 ws2 gsa38\">T<span class=\"_ _8\"></span>otal assets<span class=\"_ _319\"> </span><span class=\"ff1 lsff ws91\">24<span class=\"_ _6\"></span>,601.5<span class=\"_ _9a\"> </span><span class=\"ls88 wse3\">4<span class=\"_ _1\"></span>4,707<span class=\"_ _8\"></span>.1<span class=\"_ _121\"> </span><span class=\"lsd7 wsd7\">3<span class=\"_ _2\"></span>,<span class=\"_ _1\"></span>3<span class=\"_ _2\"></span>0<span class=\"_ _1\"></span>2<span class=\"_ _2\"></span>.4<span class=\"_ _86\"> </span><span class=\"ls9f wsbc\">1,<span class=\"_ _8\"></span>4<span class=\"_ _1\"></span>61.<span class=\"_ _6\"></span>1<span class=\"_ _d2\"> </span><span class=\"ls7a wsa1\">5,<span class=\"_ _8\"></span>9<span class=\"_ _1\"></span>93.5<span class=\"_ _a5\"> </span><span class=\"lsc5 wsc4\">3<span class=\"_ _1\"></span>3<span class=\"_ _2\"></span>,9<span class=\"_ _1\"></span>5<span class=\"_ _2\"></span>0.<span class=\"_ _1\"></span>1<span class=\"_ _383\"> </span></span></span></span></span></span></span></div><div class=\"t m0 hd ff1 fs7 fc3 sc0 ls11 ws2 gsa39\">The actual repayment pr<span class=\"_ _6\"></span>o\ufb01le of r<span class=\"_ _6\"></span><span class=\"_ _383\">etail deposits may differ fr</span><span class=\"_ _6\"></span>om the analysis abov<span class=\"_ _6\"></span>e due to the option of early withdr<span class=\"_ _6\"></span>aw<span class=\"_ _6\"></span>al with a penalty. </div><div class=\"t m0 hd ff1 fs7 fc3 sc0 ls11 ws2 gsa3a\">Cash \ufb02ows on PSBs ar<span class=\"_ _6\"></span>e disclosed up to the next in<span class=\"_ _6\"></span>teres<span class=\"_ _6\"></span>t rate r<span class=\"_ _6\"></span>eset date. </div><div class=\"t m0 hd ff1 fs7 fc3 sc0 ls11 ws2 gsa3b\">The actual repayment pr<span class=\"_ _6\"></span>o\ufb01le of loans and adv<span class=\"_ _6\"></span>ances to customer<span class=\"_ _6\"></span><span class=\"_ _383\">s may differ from the analysis abo</span><span class=\"_ _6\"></span>ve since many mortgage loans are r<span class=\"_ _6\"></span>epaid prior </div><div class=\"t m0 hd ff1 fs7 fc3 sc0 ls11 ws2 gsa3c\">to the contr<span class=\"_ _6\"></span>actual end date.<span class=\"_ _383\"> </span></div><div class=\"t m0 hc ff2 fs7 fc3 sc0 ls2 ws2 gsa3e\">Liquidity ris<span class=\"_ _1\"></span>k \u2013 ass<span class=\"_ _1\"></span>et en<span class=\"_ _1\"></span>cumb<span class=\"_ _1\"></span>ran<span class=\"_ _1\"></span>ce<span class=\"_ _383\"> </span></div><div class=\"t m0 hd ff1 fs7 fc3 sc0 ls11 ws91 gsa3f\">Asset encumbrance le<span class=\"_ _6\"></span>vels are monit<span class=\"_ _6\"></span>ored by AL<span class=\"_ _8\"></span>CO<span class=\"_ _6\"></span>. The follo<span class=\"_ _6\"></span>wing tables pro<span class=\"_ _6\"></span>vide an analysis of the Group<span class=\"_ _8\"></span>\u2019<span class=\"_ _8\"></span>s encumbered and unencumbered assets:<span class=\"_ _383\"> </span></div><div class=\"t m0 h3a ff2 fs5 fc3 sc0 lse ws71 gsa40\">2022<span class=\"_ _383\"> </span></div><div class=\"t m0 h3a ff2 fs5 fc3 sc0 lsc2 wsc1 gsa41\">To<span class=\"_ _1\"></span>t<span class=\"_ _2\"></span>a<span class=\"_ _1\"></span>l<span class=\"_ _383\"> </span></div><div class=\"t m0 h3a ff2 fs5 fc3 sc0 lse ws71 gsa42\">\u00a3m<span class=\"_ _383\"> </span></div><div class=\"t m0 h3a ff2 fs5 fc3 sc0 lse ws71 gsa43\">Encumbered<span class=\"_ _327\"> </span>Unencumbered </div><div class=\"t m0 h3a ff2 fs5 fc3 sc0 lse ws2 gsa44\">Pledged as </div><div class=\"t m0 h3a ff2 fs5 fc3 sc0 lse ws71 gsa45\">collateral<span class=\"_ _383\"> </span></div><div class=\"t m0 h3a ff2 fs5 fc3 sc0 lse ws71 gsa46\">\u00a3m<span class=\"_ _383\"> </span></div><div class=\"t m0 h3a ff2 fs5 fc3 sc0 lse ws71 gsa47\">Other<span class=\"_ _383\"> </span></div><div class=\"t m0 h3f ff2 fs1f fc3 sc0 ls2 ws2 gsa48\">1<span class=\"_ _383\"> </span></div><div class=\"t m0 h3a ff2 fs5 fc3 sc0 lse ws71 gsa49\">\u00a3m<span class=\"_ _383\"> </span></div><div class=\"t m0 h3a ff2 fs5 fc3 sc0 lse ws2 gsa4a\">Av<span class=\"_ _6\"></span>ailable as </div><div class=\"t m0 h3a ff2 fs5 fc3 sc0 lse ws71 gsa4b\">collateral<span class=\"_ _383\"> </span></div><div class=\"t m0 h3a ff2 fs5 fc3 sc0 lse ws71 gsa4c\">\u00a3m<span class=\"_ _383\"> </span></div><div class=\"t m0 h3a ff2 fs5 fc3 sc0 lse ws71 gsa4d\">Other<span class=\"_ _383\"> </span></div><div class=\"t m0 h3a ff2 fs5 fc3 sc0 lse ws71 gsa4e\">\u00a3m<span class=\"_ _383\"> </span></div><div class=\"t m0 hd ff1 fs7 fc3 sc0 ls11 ws2 gsa4f\">Cash in hand<span class=\"_ _328\"> </span><span class=\"ff2 ls2\">\u2013 <span class=\"_ _20e\"> </span>\u2013 <span class=\"_ _37\"> </span><span class=\"ls81 wsdf\">0.4<span class=\"_ _d9\"> </span></span>\u2013 <span class=\"_ _61\"> </span><span class=\"ls81 wsdf\">0<span class=\"_ _1\"></span>.4<span class=\"_ _383\"> </span></span></span></div><div class=\"t m0 hd ff1 fs7 fc3 sc0 ls11 ws2 gsa50\">Loans and adv<span class=\"_ _6\"></span>ances to credit institutions<span class=\"_ _329\"> </span><span class=\"ff2 lsc4 wsc3\">2<span class=\"_ _2\"></span>3<span class=\"_ _0\"></span>7.<span class=\"_ _2\"></span>4<span class=\"_ _18d\"> </span><span class=\"ls12 wsf\">17<span class=\"_ _1\"></span>4.<span class=\"_ _1\"></span>6<span class=\"_ _a5\"> </span><span class=\"ls2 ws2\">2,<span class=\"_ _1\"></span>806.5<span class=\"_ _18d\"> </span></span></span>1<span class=\"_ _0\"></span>4<span class=\"_ _2\"></span>7.<span class=\"_ _0\"></span>2<span class=\"_ _d\"> </span><span class=\"lsf9 ws82\">3,365.7<span class=\"_ _383\"> </span></span></span></div><div class=\"t m0 hd ff1 fs7 fc3 sc0 ls11 ws2 gsa51\">Inv<span class=\"_ _6\"></span>estment securities<span class=\"_ _32a\"> </span><span class=\"ff2 ls81 wsdf\">4<span class=\"_ _1\"></span>6<span class=\"_ _1\"></span>.4<span class=\"_ _d9\"> </span><span class=\"ls2 ws2\">\u2013 <span class=\"_ _7d\"> </span>366.5<span class=\"_ _1cc\"> </span>\u2013 <span class=\"_ _98\"> </span><span class=\"lsc5 wsc4\">41<span class=\"_ _1\"></span>2<span class=\"_ _2\"></span>.9<span class=\"_ _383\"> </span></span></span></span></div><div class=\"t m0 hd ff1 fs7 fc3 sc0 ls11 ws2 gsa52\">Loans and adv<span class=\"_ _6\"></span>ances to customer<span class=\"_ _6\"></span>s</div><div class=\"t m0 h1f ff1 fsf fc3 sc0 ls2 ws2 gsa53\">2<span class=\"_ _383\"> </span></div><div class=\"t m0 hc ff2 fs7 fc3 sc0 lsc3 wsc2 gsa54\">6<span class=\"_ _1\"></span>,<span class=\"_ _1\"></span>7<span class=\"_ _1\"></span>0<span class=\"_ _2\"></span>5<span class=\"_ _1\"></span>.1<span class=\"_ _d9\"> </span><span class=\"ls2 ws2a\">\u2013  <span class=\"_ _a3\"> </span><span class=\"ls22 ws1f\">16<span class=\"_ _1\"></span>,42<span class=\"_ _1\"></span>4<span class=\"_ _1\"></span>.<span class=\"_ _1\"></span>5<span class=\"_ _91\"> </span></span></span>4<span class=\"_ _1\"></span>8<span class=\"_ _2\"></span>3<span class=\"_ _1\"></span>.1<span class=\"_ _a6\"> </span><span class=\"ls33 ws30\">23<span class=\"_ _1\"></span>,<span class=\"_ _1\"></span>61<span class=\"_ _1\"></span>2<span class=\"_ _1\"></span>.7<span class=\"_ _383\"> </span></span></div><div class=\"t m0 hd ff1 fs7 fc3 sc0 ls11 ws2 gsa55\">Derivative asset<span class=\"_ _6\"></span>s<span class=\"_ _2eb\"> </span><span class=\"ff2 ls2\">\u2013 <span class=\"_ _20e\"> </span>\u2013 <span class=\"_ _3f\"> </span>\u2013 <span class=\"_ _70\"> </span><span class=\"ls1f ws1c\">888.<span class=\"_ _8\"></span>1<span class=\"_ _a9\"> </span>888.1<span class=\"_ _383\"> </span></span></span></div><div class=\"t m0 hd ff1 fs7 fc3 sc0 ls11 ws2 gsa56\">Non-\ufb01nancial assets<span class=\"_ _2a5\"> </span><span class=\"ff2 ls2\">\u2013 <span class=\"_ _3f\"> </span>\u2013 <span class=\"_ _20e\"> </span>\u2013 <span class=\"_ _74\"> </span><span class=\"lsc3 wsc2\">(<span class=\"_ _2\"></span>7<span class=\"_ _1\"></span>1<span class=\"_ _1\"></span>3<span class=\"_ _2\"></span>.1<span class=\"_ _1\"></span>)<span class=\"_ _94\"> </span>(<span class=\"_ _0\"></span>7<span class=\"_ _1\"></span>1<span class=\"_ _1\"></span>3<span class=\"_ _2\"></span>.1<span class=\"_ _1\"></span>)</span></span></div><div class=\"t m0 hd ff1 fs7 fc3 sc0 ls2 ws2 gsa57\"> <span class=\"_ _1cb\"> </span><span class=\"ff2 ls1f ws1c\">6,988.<span class=\"_ _1f6\"></span>9<span class=\"_ _91\"> </span><span class=\"ls12 wsf\">17<span class=\"_ _1\"></span>4.<span class=\"_ _1\"></span>6<span class=\"_ _1a\"> </span><span class=\"ls7d wse2\">19<span class=\"_ _1f6\"></span>,597<span class=\"_ _8\"></span>.<span class=\"_ _6\"></span>9<span class=\"_ _70\"> </span><span class=\"ls1f ws1c\">805.3<span class=\"_ _1fe\"> </span><span class=\"lse4 wse9\">2<span class=\"_ _2\"></span>7,<span class=\"_ _0\"></span>5<span class=\"_ _0\"></span>6<span class=\"_ _0\"></span>6<span class=\"_ _0\"></span>.<span class=\"_ _2\"></span>7<span class=\"_ _383\"> </span></span></span></span></span></span></div><div class=\"t m0 h8 ff1 fs5 fc3 sc0 lse ws71 gsa58\">2021<span class=\"_ _383\"> </span></div><div class=\"t m0 h8 ff1 fs5 fc3 sc0 lse1 wse5 gsa59\">To<span class=\"_ _1\"></span>t<span class=\"_ _2\"></span>a<span class=\"_ _1\"></span>l<span class=\"_ _383\"> </span></div><div class=\"t m0 h8 ff1 fs5 fc3 sc0 lse ws71 gsa5a\">\u00a3m<span class=\"_ _383\"> </span></div><div class=\"t m0 h8 ff1 fs5 fc3 sc0 lse ws71 gsa5b\">Encumbered<span class=\"_ _13b\"> </span>Unencumbered </div><div class=\"t m0 h8 ff1 fs5 fc3 sc0 lse ws2 gsa5c\">Pledged as </div><div class=\"t m0 h8 ff1 fs5 fc3 sc0 lse ws71 gsa5d\">collateral<span class=\"_ _383\"> </span></div><div class=\"t m0 h8 ff1 fs5 fc3 sc0 lse ws71 gsa5e\">\u00a3m<span class=\"_ _383\"> </span></div><div class=\"t m0 h8 ff1 fs5 fc3 sc0 lse ws71 gsa5f\">Other<span class=\"_ _383\"> </span></div><div class=\"t m0 h3e ff1 fs1f fc3 sc0 ls2 ws2 gsa60\">1<span class=\"_ _383\"> </span></div><div class=\"t m0 h8 ff1 fs5 fc3 sc0 lse ws71 gsa61\">\u00a3m<span class=\"_ _383\"> </span></div><div class=\"t m0 h8 ff1 fs5 fc3 sc0 lse ws2 gsa62\">Available as </div><div class=\"t m0 h8 ff1 fs5 fc3 sc0 lse ws71 gsa63\">collateral<span class=\"_ _383\"> </span></div><div class=\"t m0 h8 ff1 fs5 fc3 sc0 lse ws71 gsa64\">\u00a3m<span class=\"_ _383\"> </span></div><div class=\"t m0 h8 ff1 fs5 fc3 sc0 lse ws71 gsa65\">Other<span class=\"_ _383\"> </span></div><div class=\"t m0 h8 ff1 fs5 fc3 sc0 lse ws71 gsa66\">\u00a3m<span class=\"_ _383\"> </span></div><div class=\"t m0 hd ff1 fs7 fc3 sc0 ls11 ws2 gsa67\">Cash in hand<span class=\"_ _328\"> </span><span class=\"ls2\">\u2013 <span class=\"_ _3f\"> </span>\u2013 <span class=\"_ _37\"> </span><span class=\"ls9f wsbc\">0.5<span class=\"_ _d9\"> </span></span>\u2013 <span class=\"_ _37\"> </span><span class=\"ls9f wsbc\">0.5<span class=\"_ _383\"> </span></span></span></div><div class=\"t m0 hd ff1 fs7 fc3 sc0 ls11 ws2 gsa68\">Loans and adv<span class=\"_ _6\"></span>ances to credit institutions<span class=\"_ _2af\"> </span><span class=\"lsf8 wsfd\">9<span class=\"_ _0\"></span>9.9<span class=\"_ _93\"> </span><span class=\"ls6f ws75\">107<span class=\"_ _9\"></span>.5<span class=\"_ _40\"> </span><span class=\"lsd7 wsd7\">2<span class=\"_ _1\"></span>,4<span class=\"_ _2\"></span>9<span class=\"_ _1\"></span>6<span class=\"_ _1\"></span>.4<span class=\"_ _5c\"> </span><span class=\"lsf8 wsfd\">1<span class=\"_ _2\"></span>3<span class=\"_ _2\"></span>9.<span class=\"_ _2\"></span>8<span class=\"_ _d2\"> </span><span class=\"ls2c ws29\">2,843.6<span class=\"_ _383\"> </span></span></span></span></span></span></div><div class=\"t m0 hd ff1 fs7 fc3 sc0 ls11 ws2 gsa69\">Inv<span class=\"_ _6\"></span>estment securities<span class=\"_ _7e\"> </span><span class=\"ls12 wsf\">121.<span class=\"_ _1\"></span>8<span class=\"_ _d9\"> </span></span><span class=\"ls2\">\u2013 <span class=\"_ _8c\"> </span><span class=\"lsf8 wsfd\">3<span class=\"_ _2\"></span>6<span class=\"_ _2\"></span>9.<span class=\"_ _2\"></span>6<span class=\"_ _35\"> </span></span>\u2013 <span class=\"_ _a9\"> </span><span class=\"lsd7 wsd7\">4<span class=\"_ _1\"></span>9<span class=\"_ _2\"></span>1<span class=\"_ _1\"></span>.4<span class=\"_ _383\"> </span></span></span></div><div class=\"t m0 hd ff1 fs7 fc3 sc0 ls11 ws2 gsa6a\">Loans and adv<span class=\"_ _6\"></span>ances to customer<span class=\"_ _6\"></span>s</div><div class=\"t m0 h1f ff1 fsf fc3 sc0 ls2 ws2 gsa6b\">2<span class=\"_ _383\"> </span></div><div class=\"t m0 hd ff1 fs7 fc3 sc0 ls2c ws29 gsa6c\">6,37<span class=\"_ _6\"></span>3.7<span class=\"_ _1cc\"> </span><span class=\"ls2 ws2\">\u2013 <span class=\"_ _6c\"> </span><span class=\"ls6f ws75\">2,74<span class=\"_ _1\"></span>6.3<span class=\"_ _d\"> </span><span class=\"ls9f wsbc\">11,<span class=\"_ _8\"></span>96<span class=\"_ _1\"></span>0.3<span class=\"_ _19f\"> </span>21,08<span class=\"_ _1\"></span>0.3<span class=\"_ _383\"> </span></span></span></span></div><div class=\"t m0 hd ff1 fs7 fc3 sc0 ls11 ws2 gsa6d\">Derivative asset<span class=\"_ _6\"></span>s<span class=\"_ _2eb\"> </span><span class=\"ls2\">\u2013 <span class=\"_ _20e\"> </span>\u2013 <span class=\"_ _3f\"> </span>\u2013 <span class=\"_ _a9\"> </span><span class=\"ls14 ws11\">185.7<span class=\"_ _3b\"> </span>18<span class=\"_ _1\"></span>5.7<span class=\"_ _383\"> </span></span></span></div><div class=\"t m0 hd ff1 fs7 fc3 sc0 ls11 ws2 gsa6e\">Non-\ufb01nancial assets<span class=\"_ _2a5\"> </span><span class=\"ls2\">\u2013 <span class=\"_ _3f\"> </span>\u2013 <span class=\"_ _3f\"> </span>\u2013 <span class=\"_ _3e\"> </span><span class=\"lsf8 wsfd\">(<span class=\"_ _1\"></span>6<span class=\"_ _2\"></span>9.<span class=\"_ _2\"></span>6<span class=\"_ _2\"></span>)<span class=\"_ _18d\"> </span>(<span class=\"_ _1\"></span>6<span class=\"_ _2\"></span>9.<span class=\"_ _2\"></span>6<span class=\"_ _1\"></span>)</span></span></div><div class=\"t m0 hd ff1 fs7 fc3 sc0 ls2 ws2 gsa6f\"> <span class=\"_ _32b\"> </span><span class=\"ls7a wsa1\">6,595.<span class=\"_ _8\"></span>4<span class=\"_ _5c\"> </span><span class=\"ls6f ws75\">107<span class=\"_ _1f6\"></span>.5<span class=\"_ _a1\"> </span><span class=\"ls2 ws2\">5,6<span class=\"_ _6\"></span>12.8<span class=\"_ _6c\"> </span><span class=\"lscc wscd\">12<span class=\"_ _1\"></span>,<span class=\"_ _1\"></span>216<span class=\"_ _1\"></span>.<span class=\"_ _1\"></span>2<span class=\"_ _89\"> </span><span class=\"ls86 wsf1\">2<span class=\"_ _1\"></span>4<span class=\"_ _1\"></span>,<span class=\"_ _1\"></span>5<span class=\"_ _2\"></span>3<span class=\"_ _1\"></span>1<span class=\"_ _1\"></span>.9<span class=\"_ _383\"> </span></span></span></span></span></span></div><div class=\"t m0 h8 ff1 fs5 fc3 sc0 ls2 ws2 gsa70\">1. <span class=\"_ _41\"> </span>Re<span class=\"_ _1\"></span>pr<span class=\"_ _1\"></span>es<span class=\"_ _1\"></span>en<span class=\"_ _1\"></span>ts a<span class=\"_ _1\"></span>ss<span class=\"_ _1\"></span>et<span class=\"_ _1\"></span>s tha<span class=\"_ _1\"></span>t are n<span class=\"_ _1\"></span>ot p<span class=\"_ _1\"></span>le<span class=\"_ _1\"></span>dg<span class=\"_ _1\"></span>e<span class=\"_ _1\"></span>d bu<span class=\"_ _1\"></span>t tha<span class=\"_ _1\"></span>t the G<span class=\"_ _1\"></span>ro<span class=\"_ _1\"></span>up b<span class=\"_ _1\"></span>el<span class=\"_ _1\"></span>iev<span class=\"_ _1\"></span>es i<span class=\"_ _1\"></span>t is re<span class=\"_ _1\"></span>st<span class=\"_ _1\"></span>ri<span class=\"_ _1\"></span>cte<span class=\"_ _1\"></span>d fr<span class=\"_ _1\"></span>om u<span class=\"_ _1\"></span>si<span class=\"_ _1\"></span>ng to s<span class=\"_ _1\"></span>ec<span class=\"_ _1\"></span>ur<span class=\"_ _1\"></span>e fu<span class=\"_ _1\"></span>ndi<span class=\"_ _1\"></span>ng f<span class=\"_ _1\"></span>or l<span class=\"_ _1\"></span>eg<span class=\"_ _1\"></span>al o<span class=\"_ _1\"></span>r oth<span class=\"_ _1\"></span>er r<span class=\"_ _1\"></span>ea<span class=\"_ _1\"></span>so<span class=\"_ _1\"></span>ns<span class=\"_ _1\"></span>.<span class=\"_ _383\"> </span></div><div class=\"t m0 h8 ff1 fs5 fc3 sc0 ls2 ws2 gsa71\">2. <span class=\"_ _34\"> </span> <span class=\"_ _7\"></span>Une<span class=\"_ _1\"></span>nc<span class=\"_ _1\"></span>um<span class=\"_ _1\"></span>be<span class=\"_ _1\"></span>re<span class=\"_ _1\"></span>d lo<span class=\"_ _1\"></span>an<span class=\"_ _1\"></span>s an<span class=\"_ _1\"></span>d ad<span class=\"_ _1\"></span>van<span class=\"_ _1\"></span>c<span class=\"_ _1\"></span>es to c<span class=\"_ _1\"></span>us<span class=\"_ _1\"></span>to<span class=\"_ _1\"></span>me<span class=\"_ _1\"></span>rs c<span class=\"_ _1\"></span>la<span class=\"_ _1\"></span>ss<span class=\"_ _1\"></span>i\ufb01<span class=\"_ _1\"></span>ed a<span class=\"_ _1\"></span>s oth<span class=\"_ _1\"></span>er a<span class=\"_ _1\"></span>re re<span class=\"_ _1\"></span>s<span class=\"_ _1\"></span>tri<span class=\"_ _1\"></span>cte<span class=\"_ _1\"></span>d fo<span class=\"_ _1\"></span>r us<span class=\"_ _1\"></span>e as c<span class=\"_ _1\"></span>o<span class=\"_ _1\"></span>lla<span class=\"_ _1\"></span>te<span class=\"_ _1\"></span>ral a<span class=\"_ _1\"></span>s the<span class=\"_ _1\"></span>y ar<span class=\"_ _1\"></span>e; re<span class=\"_ _1\"></span>gi<span class=\"_ _1\"></span>ste<span class=\"_ _1\"></span>re<span class=\"_ _1\"></span>d o<span class=\"_ _1\"></span>ut<span class=\"_ _1\"></span>sid<span class=\"_ _1\"></span>e of U<span class=\"_ _1\"></span>K (Jer<span class=\"_ _1\"></span>s<span class=\"_ _1\"></span>ey an<span class=\"_ _1\"></span>d Gu<span class=\"_ _1\"></span>er<span class=\"_ _1\"></span>ns<span class=\"_ _1\"></span>ey<span class=\"_ _1\"></span>), not </div><div class=\"t m0 h8 ff1 fs5 fc3 sc0 ls169 ws3f gsa72\">secure<span class=\"_ _1\"></span>d by immovable proper<span class=\"_ _1\"></span>ty or are non-performin<span class=\"_ _1\"></span>g.<span class=\"_ _383\"> </span></div><div class=\"t m0 hc ff2 fs7 fc3 sc0 ls1f ws1c gsa73\">Liquidity risk \u2013<span class=\"_ _6\"></span> liquidity reser<span class=\"_ _1\"></span>ves<span class=\"_ _383\"> </span></div><div class=\"t m0 hd ff1 fs7 fc3 sc0 ls11 ws2 gsa74\">The tables below analyse the Gr<span class=\"_ _6\"></span>oup<span class=\"_ _6\"></span>\u2019<span class=\"_ _8\"></span>s liquidity reserves, wher<span class=\"_ _6\"></span>e carrying value is considered t<span class=\"_ _6\"></span>o be equal to fair value:<span class=\"_ _383\"> </span></div><div class=\"t m0 h3a ff2 fs5 fc3 sc0 lse ws71 gsa75\">2022<span class=\"_ _383\"> </span></div><div class=\"t m0 h3a ff2 fs5 fc3 sc0 lse ws71 gsa76\">\u00a3m<span class=\"_ _383\"> </span></div><div class=\"t m0 h8 ff1 fs5 fc3 sc0 lse ws71 gsa77\">2021<span class=\"_ _383\"> </span></div><div class=\"t m0 h8 ff1 fs5 fc3 sc0 lse ws71 gsa78\">\u00a3m<span class=\"_ _383\"> </span></div><div class=\"t m0 hd ff1 fs7 fc3 sc0 ls11 ws2 gsa79\">Unencumbered balances with centr<span class=\"_ _6\"></span>al bank<span class=\"_ _6\"></span>s<span class=\"_ _32c\"> </span><span class=\"ff2 ls2\">2,806.5<span class=\"_ _40\"> </span></span><span class=\"lsd7 wsd7\">2<span class=\"_ _2\"></span>,4<span class=\"_ _1\"></span>9<span class=\"_ _1\"></span>6<span class=\"_ _1\"></span>.4<span class=\"_ _383\"> </span></span></div><div class=\"t m0 hd ff1 fs7 fc3 sc0 ls11 ws2 gsa7a\">Unencumbered cash and balances with other bank<span class=\"_ _8\"></span>s<span class=\"_ _251\"> </span><span class=\"ff2 lsc4 wsc3\">1<span class=\"_ _2\"></span>4<span class=\"_ _2\"></span>7.<span class=\"_ _0\"> </span>2<span class=\"_ _59\"> </span></span><span class=\"lsf8 wsfd\">1<span class=\"_ _2\"></span>3<span class=\"_ _2\"></span>9.<span class=\"_ _2\"></span>8<span class=\"_ _383\"> </span></span></div><div class=\"t m0 hd ff1 fs7 fc3 sc0 ls11 ws2 gsa7b\">Other cash and cash equivalen<span class=\"_ _6\"></span>ts<span class=\"_ _270\"> </span><span class=\"ff2 ls81 wsdf\">0.4<span class=\"_ _15e\"> </span></span><span class=\"ls9f wsbc\">0.5<span class=\"_ _383\"> </span></span></div><div class=\"t m0 hd ff1 fs7 fc3 sc0 ls11 ws2 gsa7c\">Unencumbered in<span class=\"_ _6\"></span>vestmen<span class=\"_ _6\"></span>t securities<span class=\"_ _1f3\"> </span><span class=\"ff2 ls2\">366.5<span class=\"_ _91\"> </span></span><span class=\"lsf8 wsfd\">3<span class=\"_ _2\"></span>6<span class=\"_ _2\"></span>9.<span class=\"_ _2\"></span>6</span></div><div class=\"t m0 hd ff1 fs7 fc3 sc0 ls2 ws2 gsa7d\"> <span class=\"_ _2e0\"> </span><span class=\"ff2 lsf9 ws82\">3,3<span class=\"_ _6\"></span>20.6<span class=\"_ _d\"> </span><span class=\"ff1 lsd4 ws46\">3,006.3<span class=\"_ _383\"> </span></span></span></div><div class=\"t m0 hc ff2 fs7 fc3 sc0 ls7a wsa1 gsa7e\">Market ris<span class=\"_ _1\"></span>k<span class=\"_ _383\"> </span></div><div class=\"t m0 hd ff1 fs7 fc3 sc0 ls11 ws2 gsa7f\">Mark<span class=\"_ _6\"></span>et risk is the risk of an adv<span class=\"_ _6\"></span>erse change in the Group<span class=\"_ _8\"></span>\u2019<span class=\"_ _8\"></span>s income or the Group<span class=\"_ _6\"></span>\u2019<span class=\"_ _8\"></span>s net worth arising from mov<span class=\"_ _6\"></span>ement in inter<span class=\"_ _6\"></span>est r<span class=\"_ _6\"></span>ates<span class=\"_ _6\"></span>, exchange </div><div class=\"t m0 hd ff1 fs7 fc3 sc0 ls11 ws2 gsa80\">rates or other mark<span class=\"_ _8\"></span>et prices. Mark<span class=\"_ _8\"></span>et risk exists<span class=\"_ _8\"></span>, to some extent, in all the Group<span class=\"_ _8\"></span>\u2019<span class=\"_ _8\"></span><span class=\"_ _383\">s businesses. The Group recognises that the eff</span><span class=\"_ _6\"></span>ective managemen<span class=\"_ _6\"></span>t </div><div class=\"t m0 hd ff1 fs7 fc3 sc0 ls11 ws2 gsa81\">of mark<span class=\"_ _8\"></span>et risk is essential to the maintenance of s<span class=\"_ _6\"></span>table earnings and preservation of shar<span class=\"_ _6\"></span>eholder value.<span class=\"_ _383\"> </span></div><div class=\"t m0 hc ff2 fs7 fc3 sc0 ls2 ws2 gsa82\">Inter<span class=\"_ _1\"></span>es<span class=\"_ _1\"></span>t rate ris<span class=\"_ _1\"></span>k<span class=\"_ _383\"> </span></div><div class=\"t m0 hd ff1 fs7 fc3 sc0 ls11 ws2 gsa83\">The primary mark<span class=\"_ _6\"></span>et risk faced by the Gr<span class=\"_ _6\"></span>oup is interes<span class=\"_ _6\"></span>t rate risk<span class=\"_ _6\"></span>. Inter<span class=\"_ _6\"></span>est r<span class=\"_ _6\"></span>ate risk is the risk of loss from adv<span class=\"_ _6\"></span>erse mo<span class=\"_ _6\"></span>vemen<span class=\"_ _6\"></span>t in the ov<span class=\"_ _6\"></span>erall le<span class=\"_ _6\"></span>vel of </div><div class=\"t m0 hd ff1 fs7 fc3 sc0 ls11 ws2 gsa84\">inter<span class=\"_ _6\"></span>est rat<span class=\"_ _6\"></span>es. It arises fr<span class=\"_ _6\"></span>om mismatches in the timing of repricing o<span class=\"_ _6\"></span>f assets and liabilities, bo<span class=\"_ _6\"></span><span class=\"_ _383\">th on and off-balance sheet. The Group does not run </span></div><div class=\"t m0 hd ff1 fs7 fc3 sc0 ls11 ws2 gsa85\">a trading book or tak<span class=\"_ _8\"></span>e speculative inter<span class=\"_ _6\"></span>est r<span class=\"_ _6\"></span>ate positions and theref<span class=\"_ _6\"></span>ore all inter<span class=\"_ _6\"></span>est r<span class=\"_ _6\"></span>ate risk resides in the banking book (int<span class=\"_ _6\"></span>erest r<span class=\"_ _6\"></span>ate risk in the </div><div class=\"t m0 hd ff1 fs7 fc3 sc0 ls11 ws2 gsa86\">banking book (IRRBB)). IRRBB is most pre<span class=\"_ _6\"></span>valent in mortgage lending and in \ufb01xe<span class=\"_ _6\"></span>d rate r<span class=\"_ _6\"></span>etail deposits<span class=\"_ _6\"></span>. Exposure is mitigated on a continuous basis </div><div class=\"t m0 hd ff1 fs7 fc3 sc0 ls11 ws2 gsa87\">through the use of natur<span class=\"_ _6\"></span><span class=\"_ _383\">al offse</span><span class=\"_ _6\"></span>ts between mortgages and savings with a similar tenor<span class=\"_ _8\"></span>, inter<span class=\"_ _6\"></span>est rat<span class=\"_ _6\"></span>e derivatives and r<span class=\"_ _6\"></span>eserve allocations. </div><div class=\"t m0 hd ff1 fs7 fc3 sc0 ls11 ws2 gsa88\">Currently in<span class=\"_ _6\"></span>teres<span class=\"_ _6\"></span>t rate risk is managed separ<span class=\"_ _6\"></span>ately for O<span class=\"_ _6\"></span><span class=\"_ _383\">SB and CCFS due to the use of diff</span><span class=\"_ _6\"></span>erent tr<span class=\"_ _6\"></span>easury management and asset and liability </div><div class=\"t m0 hd ff1 fs7 fc3 sc0 ls11 ws2 gsa89\">management (ALM) syst<span class=\"_ _6\"></span>ems. Ho<span class=\"_ _6\"></span>we<span class=\"_ _6\"></span>ver<span class=\"_ _1f6\"></span>, the methodology applied to the setting of risk appetites w<span class=\"_ _6\"></span>as aligned across the Gr<span class=\"_ _6\"></span>oup in 2020<span class=\"_ _8\"></span>. B<span class=\"_ _1\"></span>oth Bank<span class=\"_ _6\"></span>s </div><div class=\"t m0 hd ff1 fs7 fc3 sc0 ls11 ws2 gsa8a\">apply an economic value at risk approach as w<span class=\"_ _6\"></span>ell as an earnings at risk approach for in<span class=\"_ _6\"></span>teres<span class=\"_ _6\"></span>t rate risk and basis risk<span class=\"_ _6\"></span>. The inter<span class=\"_ _6\"></span>est rat<span class=\"_ _6\"></span>e sensitivity </div><div class=\"t m0 hd ff1 fs7 fc3 sc0 ls11 ws2 gsa8b\">is impacted by behaviour<span class=\"_ _6\"></span>al assumptions used by the Group; the most signi\ufb01c<span class=\"_ _6\"></span>ant of which ar<span class=\"_ _6\"></span>e prepayments and pipeline t<span class=\"_ _6\"></span>ak<span class=\"_ _6\"></span>e up. Expected </div><div class=\"t m0 hd ff1 fs7 fc3 sc0 ls11 ws2 gsa8c\">prepayment<span class=\"_ _6\"></span>s are monitored and mo<span class=\"_ _6\"></span>delled on a regular basis based upon his<span class=\"_ _6\"></span>torical analysis. The r<span class=\"_ _6\"></span>eserve allocation str<span class=\"_ _6\"></span>ategy is appro<span class=\"_ _6\"></span>ved by AL<span class=\"_ _8\"></span>CO </div><div class=\"t m0 hd ff1 fs7 fc3 sc0 ls11 ws2 gsa8d\">and set to re<span class=\"_ _6\"></span>\ufb02ect the current balance sheet and future plans<span class=\"_ _8\"></span>.<span class=\"_ _383\"> </span></div><div class=\"t m0 hc ff2 fs7 fc2 sc0 ls2 ws2 gsa8f\"><span class=\"_ _383\">45.\u2002Risk m</span><span class=\"_ _1\"></span>anag<span class=\"_ _1\"></span>eme<span class=\"_ _1\"></span>nt<span class=\"ff5 lsd4 ws46\"> co<span class=\"_ _1\"></span>ntinued<span class=\"_ _383\"> </span></span></div><div class=\"t m0 hc ff2 fs7 fc3 sc0 ls2 ws2 gsa90\">Inter<span class=\"_ _1\"></span>es<span class=\"_ _1\"></span>t rate ris<span class=\"_ _1\"></span>k<span class=\"ff5 lsd4 ws46\"> continue<span class=\"_ _1\"></span>d<span class=\"_ _383\"> </span></span></div><div class=\"t m0 hd ff1 fs7 fc3 sc0 ls11 ws2 gsa91\">Economic value at risk is measur<span class=\"_ _6\"></span><span class=\"_ _383\">ed using the impact of six differ</span><span class=\"_ _6\"></span>ent internally deriv<span class=\"_ _8\"></span>ed interest r<span class=\"_ _6\"></span>ate scenarios. The in<span class=\"_ _6\"></span>ternal scenarios are de\ufb01ned by </div><div class=\"t m0 hd ff1 fs7 fc3 sc0 ls11 ws2 gsa92\">AL<span class=\"_ _8\"></span>CO and are based on three \u2018<span class=\"_ _8\"></span>shapes<span class=\"_ _6\"></span>\u2019 of curve mo<span class=\"_ _6\"></span>vement (shift, twist and \ufb02e<span class=\"_ _6\"></span>x). Historical dat<span class=\"_ _6\"></span>a is used to calibrat<span class=\"_ _6\"></span>e the sev<span class=\"_ _6\"></span>erity of the scenarios </div><div class=\"t m0 hd ff1 fs7 fc3 sc0 ls11 ws2 gsa93\">to the Group<span class=\"_ _8\"></span>\u2019<span class=\"_ _8\"></span>s risk appetite. The Board has set limits on in<span class=\"_ _6\"></span>teres<span class=\"_ _6\"></span>t rate risk e<span class=\"_ _6\"></span>xposure of 2.2<span class=\"_ _6\"></span>5% and 1% of CET1 for O<span class=\"_ _6\"></span>SB and CCFS<span class=\"_ _6\"></span>, respectiv<span class=\"_ _6\"></span>ely. The </div><div class=\"t m0 hd ff1 fs7 fc3 sc0 ls11 ws2 gsa94\">table below sho<span class=\"_ _8\"></span>ws the maximum decreases to net interes<span class=\"_ _6\"></span>t income under these scenarios after taking into account the derivativ<span class=\"_ _6\"></span>es:<span class=\"_ _383\"> </span></div><div class=\"t m0 h3a ff2 fs5 fc3 sc0 lse ws71 gsa95\">2022<span class=\"_ _383\"> </span></div><div class=\"t m0 h3a ff2 fs5 fc3 sc0 lse ws71 gsa96\">\u00a3m<span class=\"_ _383\"> </span></div><div class=\"t m0 h8 ff1 fs5 fc3 sc0 lse ws71 gsa97\">2021<span class=\"_ _383\"> </span></div><div class=\"t m0 h8 ff1 fs5 fc3 sc0 lse ws71 gsa98\">\u00a3m<span class=\"_ _383\"> </span></div><div class=\"t m0 hd ff1 fs7 fc3 sc0 ls68 ws6f gsa99\">OSB<span class=\"_ _32d\"> </span><span class=\"ff2 ls14 ws11\">13.5<span class=\"_ _90\"> </span></span><span class=\"lsf8 wsfd\">9.<span class=\"_ _1\"></span>9<span class=\"_ _383\"> </span></span></div><div class=\"t m0 hd ff1 fs7 fc3 sc0 ls11 ws6e gsa9a\">CCFS<span class=\"_ _282\"> </span><span class=\"ff2 lsc5 wsc4\">1.9<span class=\"_ _20e\"> </span></span><span class=\"lsed wsf2\">1.1</span></div><div class=\"t m0 hd ff1 fs7 fc3 sc0 ls2 ws2 gsa9b\"> <span class=\"_ _32e\"> </span><span class=\"ff2 ls81 wsdf\">15<span class=\"_ _1\"></span>.4<span class=\"_ _1c2\"> </span></span><span class=\"lsc7 ws7f\">11.0<span class=\"_ _383\"> </span></span></div><div class=\"t m0 hd ff1 fs7 fc3 sc0 ls11 ws2 gsa9c\">Exposure for earnings at risk as at 3<span class=\"_ _6\"></span>1 December 2022 is measured by the impact of a +/-<span class=\"_ _8\"></span>100bps parallel shift in interest r<span class=\"_ _6\"></span>ates on the expect<span class=\"_ _6\"></span>ed </div><div class=\"t m0 hd ff1 fs7 fc3 sc0 ls11 ws2 gsa9d\">pro\ufb01tability o<span class=\"_ _6\"></span>f the Group in the next 12 mon<span class=\"_ _6\"></span>ths. The risk appetit<span class=\"_ _6\"></span>e limit is 4% of full year net int<span class=\"_ _6\"></span>erest income<span class=\"_ _6\"></span>. The table below sho<span class=\"_ _8\"></span>ws the maximum<span class=\"_ _1\"></span> </div><div class=\"t m0 hd ff1 fs7 fc3 sc0 ls11 ws2 gsa9e\">decreases after taking into account the deriv<span class=\"_ _6\"></span>atives:<span class=\"_ _383\"> </span></div><div class=\"t m0 h3a ff2 fs5 fc3 sc0 lse ws71 gsa9f\">2022<span class=\"_ _383\"> </span></div><div class=\"t m0 h3a ff2 fs5 fc3 sc0 lse ws71 gsaa0\">\u00a3m<span class=\"_ _383\"> </span></div><div class=\"t m0 h8 ff1 fs5 fc3 sc0 lse ws71 gsaa1\">2021<span class=\"_ _383\"> </span></div><div class=\"t m0 h8 ff1 fs5 fc3 sc0 lse ws71 gsaa2\">\u00a3m<span class=\"_ _383\"> </span></div><div class=\"t m0 hd ff1 fs7 fc3 sc0 ls68 ws6f gsaa3\">OSB</div><div class=\"t m0 h1f ff1 fsf fc3 sc0 ls2 ws2 gsaa4\">1<span class=\"_ _383\"> </span></div><div class=\"t m0 hd ff2 fs7 fc3 sc0 lsc4 wsc3 gsaa5\">7.<span class=\"_ _2\"></span>5<span class=\"_ _8b\"> </span><span class=\"ff1 ls9f wsbc\">0.5<span class=\"_ _383\"> </span></span></div><div class=\"t m0 hd ff1 fs7 fc3 sc0 ls11 ws6e gsaa6\">CCFS</div><div class=\"t m0 h1f ff1 fsf fc3 sc0 ls170 ws18c gsaa7\">1,2<span class=\"_ _383\"> </span></div><div class=\"t m0 hd ff2 fs7 fc3 sc0 lsd3 ws86 gsaa8\">8.8<span class=\"_ _1b4\"> </span><span class=\"ff1 lsd7 wsd7\">(<span class=\"_ _1\"></span>0<span class=\"_ _1\"></span>.4<span class=\"_ _1\"></span>)</span></div><div class=\"t m0 hd ff1 fs7 fc3 sc0 ls2 ws2 gsaa9\"> <span class=\"_ _32e\"> </span><span class=\"ff2 ls12 wsf\">16.3<span class=\"_ _ca\"> </span></span><span class=\"lsed wsf2\">0<span class=\"_ _1\"></span>.1<span class=\"_ _383\"> </span></span></div><div class=\"t m0 h8 ff1 fs5 fc3 sc0 ls2 ws2 gsaaa\">1. <span class=\"_ _41\"> </span> <span class=\"_ _23\"></span>E<span class=\"_ _1\"></span>xp<span class=\"_ _1\"></span>os<span class=\"_ _1\"></span>ur<span class=\"_ _1\"></span>e fo<span class=\"_ _1\"></span>r ea<span class=\"_ _1\"></span>rni<span class=\"_ _1\"></span>ng<span class=\"_ _1\"></span>s at ri<span class=\"_ _1\"></span>sk a<span class=\"_ _1\"></span>s at 31 D<span class=\"_ _1\"></span>e<span class=\"_ _1\"></span>ce<span class=\"_ _1\"></span>mb<span class=\"_ _1\"></span>er 20<span class=\"_ _1\"></span>21 wa<span class=\"_ _1\"></span>s m<span class=\"_ _1\"></span>ea<span class=\"_ _1\"></span>su<span class=\"_ _1\"></span>re<span class=\"_ _1\"></span>d by th<span class=\"_ _1\"></span>e im<span class=\"_ _1\"></span>pa<span class=\"_ _1\"></span>ct o<span class=\"_ _1\"></span>f a +/<span class=\"_ _8\"></span>-5<span class=\"_ _1\"></span>0b<span class=\"_ _1\"></span>ps p<span class=\"_ _1\"></span>ar<span class=\"_ _1\"></span>all<span class=\"_ _1\"></span>el s<span class=\"_ _1\"></span>hi<span class=\"_ _1\"></span>f<span class=\"_ _1\"></span>t in int<span class=\"_ _1\"></span>er<span class=\"_ _1\"></span>es<span class=\"_ _1\"></span>t rat<span class=\"_ _1\"></span>es o<span class=\"_ _1\"></span>n th<span class=\"_ _1\"></span>e exp<span class=\"_ _1\"></span>ec<span class=\"_ _1\"></span>te<span class=\"_ _1\"></span>d pr<span class=\"_ _1\"></span>o\ufb01t<span class=\"_ _1\"></span>abi<span class=\"_ _1\"></span>lity o<span class=\"_ _1\"></span>f th<span class=\"_ _1\"></span>e </div><div class=\"t m0 h8 ff1 fs5 fc3 sc0 ls2 ws2 gsaab\">Gro<span class=\"_ _1\"></span>up i<span class=\"_ _1\"></span>n the n<span class=\"_ _1\"></span>ex<span class=\"_ _1\"></span>t 12 mo<span class=\"_ _1\"></span>nth<span class=\"_ _1\"></span>s. T<span class=\"_ _1\"></span>he r<span class=\"_ _1\"></span>is<span class=\"_ _1\"></span>k app<span class=\"_ _1\"></span>et<span class=\"_ _1\"></span>ite l<span class=\"_ _1\"></span>imi<span class=\"_ _1\"></span>t was 2<span class=\"_ _1\"></span>% of f<span class=\"_ _1\"></span>ull y<span class=\"_ _1\"></span>e<span class=\"_ _1\"></span>ar ne<span class=\"_ _1\"></span>t int<span class=\"_ _1\"></span>er<span class=\"_ _1\"></span>es<span class=\"_ _1\"></span>t in<span class=\"_ _1\"></span>co<span class=\"_ _1\"></span>me<span class=\"_ _1\"></span>.<span class=\"_ _383\"> </span></div><div class=\"t m0 h8 ff1 fs5 fc3 sc0 ls2 ws2 gsaac\">2. <span class=\"_ _34\"> </span>In<span class=\"_ _1\"></span>cr<span class=\"_ _1\"></span>ea<span class=\"_ _1\"></span>se<span class=\"_ _1\"></span>s fo<span class=\"_ _1\"></span>r CC<span class=\"_ _1\"></span>FS 202<span class=\"_ _1\"></span>1 du<span class=\"_ _1\"></span>e to pr<span class=\"_ _1\"></span>od<span class=\"_ _1\"></span>uc<span class=\"_ _1\"></span>t \ufb02o<span class=\"_ _1\"></span>or<span class=\"_ _1\"></span>s ea<span class=\"_ _1\"></span>rn<span class=\"_ _1\"></span>ing<span class=\"_ _1\"></span>s in<span class=\"_ _1\"></span>cr<span class=\"_ _1\"></span>ea<span class=\"_ _1\"></span>se<span class=\"_ _1\"></span>s in b<span class=\"_ _1\"></span>oth t<span class=\"_ _1\"></span>he +5<span class=\"_ _1\"></span>0b<span class=\"_ _1\"></span>p<span class=\"_ _1\"></span>s and -<span class=\"_ _1\"></span>50<span class=\"_ _1\"></span>bp<span class=\"_ _1\"></span>s sc<span class=\"_ _1\"></span>e<span class=\"_ _1\"></span>nar<span class=\"_ _1\"></span>io<span class=\"_ _1\"></span>s.<span class=\"_ _383\"> </span></div><div class=\"t m0 hd ff1 fs7 fc3 sc0 ls11 ws2 gsaad\">Exposure for earnings at risk me<span class=\"_ _6\"></span>asured by the impact of a +/-<span class=\"_ _6\"></span>100bps parallel shift in int<span class=\"_ _6\"></span>erest r<span class=\"_ _6\"></span>ates on the expecte<span class=\"_ _6\"></span>d pro\ufb01tability o<span class=\"_ _6\"></span>f the Group in the </div><div class=\"t m0 hd ff1 fs7 fc3 sc0 ls11 ws2 gsaae\">next 3 year<span class=\"_ _6\"></span>s. The risk appetite limit is 4% o<span class=\"_ _6\"></span>f full year net inter<span class=\"_ _6\"></span>est income.<span class=\"_ _383\"> </span></div><div class=\"t m0 h3a ff2 fs5 fc3 sc0 lse ws71 gsaaf\">2022<span class=\"_ _383\"> </span></div><div class=\"t m0 h3a ff2 fs5 fc3 sc0 lse ws71 gsab0\">\u00a3m<span class=\"_ _383\"> </span></div><div class=\"t m0 h8 ff1 fs5 fc3 sc0 lse ws71 gsab1\">2021</div><div class=\"t m0 h3e ff1 fs1f fc3 sc0 ls2 ws2 gsab2\">1<span class=\"_ _383\"> </span></div><div class=\"t m0 h8 ff1 fs5 fc3 sc0 lse ws71 gsab3\">\u00a3m<span class=\"_ _383\"> </span></div><div class=\"t m0 hd ff1 fs7 fc3 sc0 ls68 ws6f gsab4\">OSB<span class=\"_ _243\"> </span><span class=\"ff2 lsc9 wsc9\">26.<span class=\"_ _1\"></span>2<span class=\"_ _1cc\"> </span></span><span class=\"ls2 ws2\">\u2013 </span></div><div class=\"t m0 hd ff1 fs7 fc3 sc0 ls11 ws6e gsab5\">CCFS<span class=\"_ _277\"> </span><span class=\"ff2 lsc3 wsc2\">24<span class=\"_ _1\"></span>.1<span class=\"_ _d9\"> </span></span><span class=\"ls2 ws2\">\u2013 </span></div><div class=\"t m0 hd ff1 fs7 fc3 sc0 ls2 ws2 gsab6\"> <span class=\"_ _2d5\"> </span><span class=\"ff2 ls11 ws6e\">50.3<span class=\"_ _1cc\"> </span></span>\u2013 </div><div class=\"t m0 h8 ff1 fs5 fc3 sc0 ls2 ws2 gsab7\">1. <span class=\"_ _41\"> </span>No<span class=\"_ _1\"></span>t me<span class=\"_ _1\"></span>as<span class=\"_ _1\"></span>ur<span class=\"_ _1\"></span>ed d<span class=\"_ _1\"></span>uri<span class=\"_ _1\"></span>ng 20<span class=\"_ _1\"></span>21.<span class=\"_ _383\"> </span></div><div class=\"t m0 hd ff1 fs7 fc3 sc0 ls11 ws2 gsab8\">The Group is also expose<span class=\"_ _6\"></span>d to basis risk. Basis risk is the risk of loss fr<span class=\"_ _6\"></span>om an adver<span class=\"_ _6\"></span>se diver<span class=\"_ _6\"></span>gence in interes<span class=\"_ _6\"></span>t rates<span class=\"_ _6\"></span>. It arises where asset<span class=\"_ _6\"></span>s and liabilities </div><div class=\"t m0 hd ff1 fs7 fc3 sc0 ls11 ws2 gsab9\"><span class=\"_ _383\">reprice from diff</span><span class=\"_ _6\"></span>erent variable r<span class=\"_ _8\"></span>ate indices. These indices may be mark<span class=\"_ _6\"></span>et rates (<span class=\"_ _8\"></span>e.g. bank base rate or SONIA) or adminis<span class=\"_ _6\"></span>tered (<span class=\"_ _8\"></span>e.g. the Group<span class=\"_ _8\"></span>\u2019<span class=\"_ _8\"></span>s<span class=\"_ _1\"></span> </div><div class=\"t m0 hd ff1 fs7 fc3 sc0 ls11 ws2 gsaba\">SVR<span class=\"_ _6\"></span>, other discretionary v<span class=\"_ _6\"></span>ariable rates<span class=\"_ _6\"></span>, or that received on c<span class=\"_ _6\"></span>all accounts with other bank<span class=\"_ _6\"></span>s).<span class=\"_ _383\"> </span></div><div class=\"t m0 hd ff1 fs7 fc3 sc0 ls11 ws2 gsabb\">The Group measures basis risk using the impac<span class=\"_ _6\"></span>t of four scenarios on net int<span class=\"_ _6\"></span>erest income o<span class=\"_ _6\"></span>ver a one-year period including mo<span class=\"_ _6\"></span>vemen<span class=\"_ _6\"></span>ts such as </div><div class=\"t m0 hd ff1 fs7 fc3 sc0 ls11 ws2 gsabc\">diver<span class=\"_ _6\"></span>ging base, o<span class=\"_ _6\"></span>vernigh<span class=\"_ _6\"></span>t and term SONIA rates<span class=\"_ _8\"></span>. Historical data is used to calibr<span class=\"_ _6\"></span>ate the sev<span class=\"_ _6\"></span>erity of the scenarios to the Group<span class=\"_ _8\"></span>\u2019<span class=\"_ _8\"></span>s risk appetite. The </div><div class=\"t m0 hd ff1 fs7 fc3 sc0 ls11 ws2 gsabd\">Board has set a limit on basis risk e<span class=\"_ _6\"></span>xposure of 2.<span class=\"_ _8\"></span>5% of full year net interes<span class=\"_ _6\"></span>t income. The table belo<span class=\"_ _6\"></span>w shows the maximum decr<span class=\"_ _6\"></span>eases to net inter<span class=\"_ _6\"></span>est </div><div class=\"t m0 hd ff1 fs7 fc3 sc0 ls11 ws2 gsabe\">income at 31 December 2022 and 2021:<span class=\"_ _383\"> </span></div><div class=\"t m0 h3a ff2 fs5 fc3 sc0 lse ws71 gsabf\">2022<span class=\"_ _383\"> </span></div><div class=\"t m0 h3a ff2 fs5 fc3 sc0 lse ws71 gsac0\">\u00a3m<span class=\"_ _383\"> </span></div><div class=\"t m0 h8 ff1 fs5 fc3 sc0 lse ws71 gsac1\">2021<span class=\"_ _383\"> </span></div><div class=\"t m0 h8 ff1 fs5 fc3 sc0 lse ws71 gsac2\">\u00a3m<span class=\"_ _383\"> </span></div><div class=\"t m0 hd ff1 fs7 fc3 sc0 ls68 ws6f gsac3\">OSB<span class=\"_ _2de\"> </span><span class=\"ff2 ls7d wse2\">5.8<span class=\"_ _15e\"> </span></span><span class=\"ls2c ws29\">3.2<span class=\"_ _383\"> </span></span></div><div class=\"t m0 hd ff1 fs7 fc3 sc0 ls11 ws6e gsac4\">CCFS<span class=\"_ _32f\"> </span><span class=\"ff2\">4.5<span class=\"_ _15e\"> </span></span><span class=\"lsd3 ws86\">3.8</span></div><div class=\"t m0 hd ff1 fs7 fc3 sc0 ls2 ws2 gsac5\"> <span class=\"_ _2c1\"> </span><span class=\"ff2 ls11 ws6e\">10.3<span class=\"_ _90\"> </span></span><span class=\"lsc8 wsc8\">7.<span class=\"_ _0\"></span>0<span class=\"_ _383\"> </span></span></div><div class=\"t m0 hc ff2 fs7 fc3 sc0 ls2d ws2a gsac6\">Foreign e<span class=\"_ _6\"></span>xchange<span class=\"_ _6\"></span> rate risk<span class=\"_ _383\"> </span></div><div class=\"t m0 hd ff1 fs7 fc3 sc0 ls11 ws2 gsac7\">The Group has limited e<span class=\"_ _6\"></span>xposure to for<span class=\"_ _6\"></span>eign ex<span class=\"_ _6\"></span>change risk in respect of its Indian oper<span class=\"_ _6\"></span>ations. A 5% incr<span class=\"_ _6\"></span>ease in ex<span class=\"_ _6\"></span>change rates w<span class=\"_ _6\"></span>ould result in a </div><div class=\"t m0 hd ff1 fs7 fc3 sc0 ls11 ws2 gsac8\">\u00a30<span class=\"_ _6\"></span>.7<span class=\"_ _8\"></span>m (2021: \u00a30<span class=\"_ _8\"></span>.<span class=\"_ _8\"></span><span class=\"_ _383\">4m) effect in pro\ufb01t or loss and \u00a30</span><span class=\"_ _8\"></span>.5m (2<span class=\"_ _6\"></span>021: \u00a30<span class=\"_ _6\"></span>.5m) in equity.<span class=\"_ _383\"> </span></div>Structured entities<span class=\"_ _383\"> </span>The structur<span class=\"_ _6\"></span>ed entities consolidated within the Group at 3<span class=\"_ _6\"></span>1 December 2022 were Can<span class=\"_ _6\"></span>terbury Finance No.2 plc<span class=\"_ _6\"></span>, Canterbury Finance No<span class=\"_ _6\"></span>.3 plc, Canterbury Finance No<span class=\"_ _6\"></span>.<span class=\"_ _8\"></span>4 plc, Cant<span class=\"_ _6\"></span>erbury Finance No.<span class=\"_ _6\"></span>5 plc and CMF 2020-<span class=\"_ _8\"></span>1 plc. These entities hold legal title to a pool of mortgages which are used as a security for issued debt. The tr<span class=\"_ _6\"></span>ansfer of mortgages fails derecognition criteria because the Gr<span class=\"_ _6\"></span>oup retained the subor<span class=\"_ _6\"></span>dinated notes and residual certi\ufb01cates issued and as such did not transf<span class=\"_ _6\"></span>er substan<span class=\"_ _6\"></span>tially the risks and r<span class=\"_ _6\"></span>ew<span class=\"_ _6\"></span>ards o<span class=\"_ _6\"></span>f owner<span class=\"_ _6\"></span>ship of the securitised mortgages. There<span class=\"_ _6\"></span>fore<span class=\"_ _6\"></span>, the Group is expose<span class=\"_ _6\"></span>d to credit, int<span class=\"_ _6\"></span>erest r<span class=\"_ _6\"></span>ate and other risk<span class=\"_ _8\"></span>s on the se<span class=\"_ _1\"></span>curitised mortgages. Cash \ufb02ows gener<span class=\"_ _8\"></span>ated from the structured en<span class=\"_ _6\"></span>tities are ring-<span class=\"_ _6\"></span>fenced and are used to pay in<span class=\"_ _6\"></span>teres<span class=\"_ _6\"></span>t and principal of the issued debt securities in a waterfall or<span class=\"_ _8\"></span>der ac<span class=\"_ _1\"></span>cording to the seniority of the bonds<span class=\"_ _8\"></span>. The structured entities ar<span class=\"_ _6\"></span>e self-funded and the Group is no<span class=\"_ _6\"></span>t contractually or cons<span class=\"_ _6\"></span>tructively obliged to pro<span class=\"_ _6\"></span>vide further liquidity or \ufb01nancial suppor<span class=\"_ _1\"></span>t. The structur<span class=\"_ _6\"></span>ed entities consolidated within the Group at 3<span class=\"_ _6\"></span>1 December 2021 were Can<span class=\"_ _6\"></span>terbury Finance No.2 plc<span class=\"_ _6\"></span>, Canterbury Finance No<span class=\"_ _6\"></span>.3 plc, Canterbury Finance No<span class=\"_ _6\"></span>.<span class=\"_ _8\"></span>4 plc and CMF 2020-<span class=\"_ _8\"></span>1 plc.<span class=\"_ _383\"> </span>Unconsolid<span class=\"_ _6\"></span>ated stru<span class=\"_ _6\"></span>ctured en<span class=\"_ _6\"></span>tities<span class=\"_ _383\"> </span>Structured en<span class=\"_ _6\"></span>tities, which w<span class=\"_ _8\"></span>ere sponsored by the Group include Precise Mortgage Funding 2017<span class=\"_ _1f6\"></span>-1B plc, Charter Mortgage Funding 2017<span class=\"_ _8\"></span>-1 plc<span class=\"_ _6\"></span>, Precise Mortgage Funding 2018-<span class=\"_ _6\"></span>1B plc, Charter Mortgage Funding 2018-1 plc<span class=\"_ _6\"></span>, Precise Mortgage Funding 2019-<span class=\"_ _8\"></span>1B plc, Canterbury Finance No.<span class=\"_ _8\"></span>1 plc and Precise Mortgage Funding 2020-<span class=\"_ _6\"></span>1B plc.<span class=\"_ _383\"> </span>These structur<span class=\"_ _6\"></span>ed entities are not consolidate<span class=\"_ _6\"></span>d by the Group, as the Gr<span class=\"_ _6\"></span>oup does not control the entities and is no<span class=\"_ _6\"></span>t exposed to the risk<span class=\"_ _8\"></span>s and rewar<span class=\"_ _8\"></span>ds<span class=\"_ _1\"></span> of owner<span class=\"_ _6\"></span>ship from the securitised mortgages. The Gr<span class=\"_ _6\"></span>oup has no contrac<span class=\"_ _6\"></span>tual arrangement<span class=\"_ _6\"></span>s with the unconsolidated structure<span class=\"_ _6\"></span>d entities other than the inv<span class=\"_ _6\"></span>estment<span class=\"_ _6\"></span>s disclosed in note 19 and servicing the structured en<span class=\"_ _6\"></span>tities<span class=\"_ _8\"></span>\u2019 mor<span class=\"_ _1\"></span>tgage portfolios. The Group has not pr<span class=\"_ _6\"></span>ovided any support to the unconsolidated structur<span class=\"_ _6\"></span>ed entities lis<span class=\"_ _6\"></span>ted and has no obligation or inten<span class=\"_ _6\"></span>tion to do so.<span class=\"_ _383\"> </span>During 2022 the Group r<span class=\"_ _6\"></span>eceived \u00a32.6m in<span class=\"_ _6\"></span>teres<span class=\"_ _6\"></span>t income (2021: \u00a31.8m) and \u00a34<span class=\"_ _8\"></span>.3m servicing income (2021: \u00a34<span class=\"_ _8\"></span>.<span class=\"_ _8\"></span>4m) from unconsolidated <span class=\"ls2\"> </span>structur<span class=\"_ _6\"></span>ed entities<span class=\"_ _383\"> </span><span class=\"_ _6\"></span>.<span class=\"_ _383\"> </span><span class=\"_ _383\">46.\u2002Financial instrume</span><span class=\"_ _1\"></span>nts and fair values<span class=\"_ _383\"> </span><span class=\"_ _383\">i.\u2002Financ</span><span class=\"_ _1\"></span>ial as<span class=\"_ _1\"></span>set<span class=\"_ _1\"></span>s and \ufb01n<span class=\"_ _1\"></span>anci<span class=\"_ _1\"></span>al liabi<span class=\"_ _1\"></span>lities<span class=\"_ _383\"> </span>The following t<span class=\"_ _6\"></span>able sets out the classi\ufb01cation of \ufb01nancial ins<span class=\"_ _6\"></span>truments in the Consolidated St<span class=\"_ _6\"></span>atement of Financial Position:<span class=\"_ _383\"> </span>Note<span class=\"_ _383\"> </span>2022<span class=\"_ _383\"> </span>Designated FV<span class=\"_ _1\"></span>TPL<span class=\"_ _383\"> </span>\u00a3m<span class=\"_ _383\"> </span>Mandatorily FV<span class=\"_ _1\"></span>TPL<span class=\"_ _383\"> </span>\u00a3m<span class=\"_ _383\"> </span>F<span class=\"_ _1\"></span>VO<span class=\"_ _1\"></span>C<span class=\"_ _1\"></span>I<span class=\"_ _383\"> </span>\u00a3m<span class=\"_ _383\"> </span>Amortised<span class=\"_ _1\"></span> cost<span class=\"_ _383\"> </span>\u00a3m<span class=\"_ _383\"> </span>T<span class=\"_ _8\"></span>otal carrying<span class=\"_ _1\"></span> amount<span class=\"_ _383\"> </span>\u00a3m<span class=\"_ _383\"> </span>Assets<span class=\"_ _21b\"> </span><span class=\"ff1 ls2 ws2\"> <span class=\"_ _11a\"> </span><span class=\"ff2\"> <span class=\"_ _11a\"> </span> <span class=\"_ _21a\"> </span> <span class=\"_ _11a\"> </span> <span class=\"_ _11a\"> </span> </span></span>Cash in hand<span class=\"_ _2f8\"> </span><span class=\"ls2\"> <span class=\"_ _111\"> </span><span class=\"ff2\">\u2013 <span class=\"_ _3f\"> </span>\u2013 <span class=\"_ _20e\"> </span>\u2013 <span class=\"_ _d0\"> </span><span class=\"ls81 wsdf\">0<span class=\"_ _1\"></span>.4<span class=\"_ _15c\"> </span>0<span class=\"_ _1\"></span>.4<span class=\"_ _383\"> </span></span></span></span>Loans and adv<span class=\"_ _6\"></span>ances to credit institutions<span class=\"_ _19c\"> </span><span class=\"ls14 ws11\">18<span class=\"_ _1cc\"> </span></span><span class=\"ff2 ls2\">\u2013 <span class=\"_ _3f\"> </span>\u2013 <span class=\"_ _20e\"> </span>\u2013 <span class=\"_ _19f\"> </span><span class=\"lsf9 ws82\">3,365.7<span class=\"_ _6c\"> </span>3,365.<span class=\"_ _6\"></span>7<span class=\"_ _383\"> </span></span></span>Inv<span class=\"_ _6\"></span>estment securities<span class=\"_ _c2\"> </span><span class=\"ws6e\">19<span class=\"_ _15c\"> </span><span class=\"ff2\">0.5<span class=\"_ _1cc\"> </span><span class=\"ls2 ws2\">\u2013 <span class=\"_ _98\"> </span><span class=\"ls6f ws75\">149<span class=\"_ _1f6\"></span>.<span class=\"_ _1\"></span>8<span class=\"_ _98\"> </span><span class=\"ls12 wsf\">262.<span class=\"_ _1\"></span>6<span class=\"_ _3e\"> </span><span class=\"lsc5 wsc4\">41<span class=\"_ _1\"></span>2<span class=\"_ _1\"></span>.9<span class=\"_ _383\"> </span></span></span></span></span></span></span>Loans and adv<span class=\"_ _6\"></span>ances to customer<span class=\"_ _6\"></span>s<span class=\"_ _16d\"> </span><span class=\"ls14 ws11\">20<span class=\"_ _254\"> </span></span><span class=\"ff2 ws6e\">14.6<span class=\"_ _1cc\"> </span><span class=\"ls2 ws2\">\u2013 <span class=\"_ _3f\"> </span>\u2013 <span class=\"_ _b3\"> </span><span class=\"lscd wsce\">2<span class=\"_ _1\"></span>3,598<span class=\"_ _1\"></span>.<span class=\"_ _6\"></span>1<span class=\"_ _67\"> </span><span class=\"ls33 ws30\">2<span class=\"_ _1\"></span>3<span class=\"_ _1\"></span>,61<span class=\"_ _1\"></span>2<span class=\"_ _1\"></span>.<span class=\"_ _1\"></span>7<span class=\"_ _383\"> </span></span></span></span></span>Derivative asset<span class=\"_ _6\"></span>s<span class=\"_ _7b\"> </span><span class=\"ls14 ws11\">25<span class=\"_ _116\"> </span></span><span class=\"ff2 ls2\">\u2013 <span class=\"_ _8c\"> </span><span class=\"ls1f ws1c\">888.<span class=\"_ _8\"></span>1<span class=\"_ _1cc\"> </span><span class=\"ls2 ws2\">\u2013 <span class=\"_ _3f\"> </span>\u2013 <span class=\"_ _70\"> </span></span>888.<span class=\"_ _6\"></span>1<span class=\"_ _383\"> </span></span></span>Other assets<span class=\"_ _383\"> </span>1<span class=\"_ _383\"> </span>27<span class=\"_ _1cc\"> </span><span class=\"ff2 ls2 ws2\">\u2013 <span class=\"_ _3f\"> </span>\u2013 <span class=\"_ _20e\"> </span>\u2013 <span class=\"_ _63\"> </span><span class=\"ls14 ws11\">1.8<span class=\"_ _8b\"> </span>1.8</span></span> <span class=\"_ _253\"> </span> <span class=\"_ _15c\"> </span><span class=\"ff2 lsc3 wsc2\">1<span class=\"_ _1\"></span>5<span class=\"_ _2\"></span>.1<span class=\"_ _5a\"> </span><span class=\"ls1f ws1c\">888.1<span class=\"_ _5a\"> </span><span class=\"ls6f ws75\">149<span class=\"_ _8\"></span>.<span class=\"_ _1\"></span>8<span class=\"_ _a2\"> </span><span class=\"lse4 wse9\">2<span class=\"_ _0\"></span>7,<span class=\"_ _0\"> </span>2<span class=\"_ _0\"></span>2<span class=\"_ _0\"></span>8<span class=\"_ _0\"></span>.<span class=\"_ _0\"></span>6<span class=\"_ _1fe\"> </span><span class=\"ls14 ws11\">2<span class=\"_ _1\"></span>8,<span class=\"_ _1\"></span>281.6<span class=\"_ _383\"> </span></span></span></span></span></span>Liabilities<span class=\"_ _ad\"> </span><span class=\"ff1 ls2 ws2\"> <span class=\"_ _11a\"> </span><span class=\"ff2\"> <span class=\"_ _11a\"> </span> <span class=\"_ _11a\"> </span> <span class=\"_ _11a\"> </span> <span class=\"_ _11a\"> </span> </span></span>Amounts o<span class=\"_ _6\"></span>wed to r<span class=\"_ _6\"></span>etail depositor<span class=\"_ _6\"></span>s<span class=\"_ _330\"> </span><span class=\"ls7d wse2\">32<span class=\"_ _1cc\"> </span></span><span class=\"ff2 ls2\">\u2013 <span class=\"_ _20e\"> </span>\u2013 <span class=\"_ _3f\"> </span>\u2013 <span class=\"_ _fc\"> </span><span class=\"lsd3 ws86\">19<span class=\"_ _8\"></span>,755.8<span class=\"_ _fd\"> </span>19<span class=\"_ _8\"></span>,755.8<span class=\"_ _383\"> </span></span></span>Amounts o<span class=\"_ _6\"></span>wed to cr<span class=\"_ _6\"></span>edit institutions<span class=\"_ _331\"> </span><span class=\"ls7d wse2\">31<span class=\"_ _1cc\"> </span></span><span class=\"ff2 ls2\">\u2013 <span class=\"_ _3f\"> </span>\u2013 <span class=\"_ _20e\"> </span>\u2013 <span class=\"_ _aa\"> </span><span class=\"lsc5 wsc4\">5<span class=\"_ _1\"></span>,<span class=\"_ _2\"></span>0<span class=\"_ _1\"></span>9<span class=\"_ _1\"></span>2<span class=\"_ _2\"></span>.9<span class=\"_ _66\"> </span>5<span class=\"_ _1\"></span>,<span class=\"_ _1\"></span>0<span class=\"_ _2\"></span>9<span class=\"_ _1\"></span>2<span class=\"_ _1\"></span>.9<span class=\"_ _383\"> </span></span></span>Amounts o<span class=\"_ _6\"></span>wed to o<span class=\"_ _6\"></span>ther customer<span class=\"_ _6\"></span>s<span class=\"_ _330\"> </span><span class=\"ls73 ws7a\">33<span class=\"_ _116\"> </span></span><span class=\"ff2 ls2\">\u2013 <span class=\"_ _3f\"> </span>\u2013 <span class=\"_ _20e\"> </span>\u2013 <span class=\"_ _3d\"> </span><span class=\"lsc3 wsc2\">1<span class=\"_ _1\"></span>1<span class=\"_ _1\"></span>3<span class=\"_ _2\"></span>.1<span class=\"_ _9d\"> </span>11<span class=\"_ _2\"></span>3<span class=\"_ _1\"></span>.1<span class=\"_ _383\"> </span></span></span>Debt securities in issue<span class=\"_ _d4\"> </span><span class=\"ls2c ws29\">34<span class=\"_ _1cc\"> </span></span><span class=\"ff2 ls2\">\u2013 <span class=\"_ _20e\"> </span>\u2013 <span class=\"_ _3f\"> </span>\u2013 <span class=\"_ _122\"> </span><span class=\"lsc5 wsc4\">2<span class=\"_ _1\"></span>6<span class=\"_ _1\"></span>5<span class=\"_ _2\"></span>.9<span class=\"_ _50\"> </span>26<span class=\"_ _2\"></span>5<span class=\"_ _1\"></span>.9<span class=\"_ _383\"> </span></span></span>Derivative liabilities<span class=\"_ _c5\"> </span><span class=\"ls14 ws11\">25<span class=\"_ _1cc\"> </span></span><span class=\"ff2 ls2\">\u2013 <span class=\"_ _70\"> </span>106.6<span class=\"_ _1cc\"> </span>\u2013 <span class=\"_ _3f\"> </span>\u2013 <span class=\"_ _83\"> </span>106.6<span class=\"_ _383\"> </span></span>Other liabilities<span class=\"_ _383\"> </span>2<span class=\"_ _383\"> </span>36<span class=\"_ _1cc\"> </span><span class=\"ff2 ls2 ws2\">\u2013 <span class=\"_ _20e\"> </span>\u2013 <span class=\"_ _3f\"> </span>\u2013 <span class=\"_ _2ab\"> </span><span class=\"lsc3 wsc2\">3<span class=\"_ _2\"></span>8<span class=\"_ _2\"></span>.1<span class=\"_ _4f\"> </span>3<span class=\"_ _2\"></span>8<span class=\"_ _1\"></span>.1<span class=\"_ _383\"> </span></span></span>Subordinated liabilities<span class=\"_ _27\"> </span><span class=\"ls2\">39<span class=\"_ _1cc\"> </span><span class=\"ff2\">\u2013 <span class=\"_ _3f\"> </span>\u2013 <span class=\"_ _20e\"> </span>\u2013 <span class=\"_ _3f\"> </span>\u2013 <span class=\"_ _20e\"> </span>\u2013 </span></span>PSBs<span class=\"_ _332\"> </span><span class=\"ls1f ws1c\">40<span class=\"_ _1cc\"> </span><span class=\"ff2 ls2 ws2\">\u2013 <span class=\"_ _20e\"> </span>\u2013 <span class=\"_ _3f\"> </span>\u2013 <span class=\"_ _5c\"> </span><span class=\"lscd wsce\">15.<span class=\"_ _1\"></span>2<span class=\"_ _55\"> </span>15.2</span></span></span> <span class=\"_ _253\"> </span> <span class=\"_ _111\"> </span><span class=\"ff2\">\u2013 <span class=\"_ _70\"> </span>106.6<span class=\"_ _1cc\"> </span>\u2013 <span class=\"_ _b5\"> </span><span class=\"ls14 ws11\">25,<span class=\"_ _1\"></span>281.0<span class=\"_ _ff\"> </span><span class=\"lsff ws91\">25,387<span class=\"_ _1f6\"></span>.6<span class=\"_ _383\"> </span></span></span></span>1.<span class=\"_ _6\"></span> <span class=\"_ _41\"> </span>Balance ex<span class=\"_ _6\"></span>cludes prepa<span class=\"_ _6\"></span>yments.<span class=\"_ _383\"> </span>2. <span class=\"_ _149\"> </span>Balance exc<span class=\"_ _6\"></span>ludes defer<span class=\"_ _6\"></span>red income<span class=\"_ _383\"> </span>.<span class=\"_ _383\"> </span><div class=\"t m0 hc ff2 fs7 fc2 sc0 ls2c ws29 gsafe\"><span class=\"_ _383\">46.\u2002Financial instrume</span><span class=\"_ _1\"></span>nts and fair values<span class=\"ff5 lsd4 ws46\"> co<span class=\"_ _1\"></span>ntinued<span class=\"_ _383\"> </span></span></div><div class=\"t m0 hc ff2 fs7 fc3 sc0 ls2 ws2 gsaff\"><span class=\"_ _383\">i.\u2002Financ</span><span class=\"_ _1\"></span>ial as<span class=\"_ _1\"></span>set<span class=\"_ _1\"></span>s and \ufb01n<span class=\"_ _1\"></span>anci<span class=\"_ _1\"></span>al liabi<span class=\"_ _1\"></span>lities<span class=\"ff5 lsd4 ws46\"> c<span class=\"_ _1\"></span>ontinue<span class=\"_ _1\"></span>d<span class=\"_ _383\"> </span></span></div><div class=\"t m0 h8 ff1 fs5 fc3 sc0 lsc9 wsc9 gsb00\">Note<span class=\"_ _383\"> </span></div><div class=\"t m0 h8 ff1 fs5 fc3 sc0 lse ws71 gsb01\">2021<span class=\"_ _383\"> </span></div><div class=\"t m0 h8 ff1 fs5 fc3 sc0 lse ws71 gsb02\">Designated </div><div class=\"t m0 h8 ff1 fs5 fc3 sc0 lse ws71 gsb03\">FV<span class=\"_ _1\"></span>TPL<span class=\"_ _383\"> </span></div><div class=\"t m0 h8 ff1 fs5 fc3 sc0 lse ws71 gsb04\">\u00a3m<span class=\"_ _383\"> </span></div><div class=\"t m0 h8 ff1 fs5 fc3 sc0 lse ws71 gsb05\">Mandatorily </div><div class=\"t m0 h8 ff1 fs5 fc3 sc0 lse ws71 gsb06\">FV<span class=\"_ _1\"></span>TPL<span class=\"_ _383\"> </span></div><div class=\"t m0 h8 ff1 fs5 fc3 sc0 lse ws71 gsb07\">\u00a3m<span class=\"_ _383\"> </span></div><div class=\"t m0 h8 ff1 fs5 fc3 sc0 lse ws71 gsb08\">FVOCI<span class=\"_ _383\"> </span></div><div class=\"t m0 h8 ff1 fs5 fc3 sc0 lse ws71 gsb09\">\u00a3m<span class=\"_ _383\"> </span></div><div class=\"t m0 h8 ff1 fs5 fc3 sc0 lse ws2 gsb0a\">Amortised cost<span class=\"_ _383\"> </span></div><div class=\"t m0 h8 ff1 fs5 fc3 sc0 lse ws71 gsb0b\">\u00a3m<span class=\"_ _383\"> </span></div><div class=\"t m0 h8 ff1 fs5 fc3 sc0 lse ws2 gsb0c\">T<span class=\"_ _8\"></span>otal carrying </div><div class=\"t m0 h8 ff1 fs5 fc3 sc0 lse ws71 gsb0d\">amount<span class=\"_ _383\"> </span></div><div class=\"t m0 h8 ff1 fs5 fc3 sc0 lse ws71 gsb0e\">\u00a3m<span class=\"_ _383\"> </span></div><div class=\"t m0 hd ff2 fs7 fc3 sc0 lsc9 wsc9 gsb0f\">Assets<span class=\"_ _21b\"> </span><span class=\"ff1 ls2 ws2\"> <span class=\"_ _21a\"> </span> </span></div><div class=\"t m0 hd ff1 fs7 fc3 sc0 ls11 ws2 gsb10\">Cash in hand<span class=\"_ _2f8\"> </span><span class=\"ls2\"> <span class=\"_ _333\"> </span>\u2013 <span class=\"_ _3f\"> </span>\u2013 <span class=\"_ _20e\"> </span>\u2013 <span class=\"_ _1b4\"> </span><span class=\"ls9f wsbc\">0.5<span class=\"_ _15e\"> </span>0.5<span class=\"_ _383\"> </span></span></span></div><div class=\"t m0 hd ff1 fs7 fc3 sc0 ls11 ws2 gsb11\">Loans and adv<span class=\"_ _6\"></span>ances to credit institutions<span class=\"_ _19c\"> </span><span class=\"ls14 ws11\">18<span class=\"_ _1cc\"> </span></span><span class=\"ls2\">\u2013 <span class=\"_ _3f\"> </span>\u2013 <span class=\"_ _3f\"> </span>\u2013 <span class=\"_ _a5\"> </span><span class=\"ls2c ws29\">2,843.6<span class=\"_ _6e\"> </span>2,843.6<span class=\"_ _383\"> </span></span></span></div><div class=\"t m0 hd ff1 fs7 fc3 sc0 ls11 ws2 gsb12\">Inv<span class=\"_ _6\"></span>estment securities<span class=\"_ _c2\"> </span><span class=\"ws6e\">19<span class=\"_ _8b\"> </span><span class=\"ls9f wsbc\">0.7<span class=\"_ _d9\"> </span></span></span><span class=\"ls2\">\u2013 <span class=\"_ _3e\"> </span><span class=\"lsc8 wsc8\">1<span class=\"_ _0\"></span>6<span class=\"_ _2\"></span>7.<span class=\"_ _0\"></span>6<span class=\"_ _5c\"> </span><span class=\"lsed wsf2\">3<span class=\"_ _2\"></span>2<span class=\"_ _1\"></span>3<span class=\"_ _1\"></span>.1<span class=\"_ _5c\"> </span><span class=\"lsd7 wsd7\">49<span class=\"_ _2\"></span>1<span class=\"_ _1\"></span>.4<span class=\"_ _383\"> </span></span></span></span></span></div><div class=\"t m0 hd ff1 fs7 fc3 sc0 ls11 ws2 gsb13\">Loans and adv<span class=\"_ _6\"></span>ances to customer<span class=\"_ _6\"></span>s<span class=\"_ _16d\"> </span><span class=\"ls14 ws11\">20<span class=\"_ _1c2\"> </span><span class=\"lsc8 wsc8\">1<span class=\"_ _2\"></span>7.<span class=\"_ _0\"></span>7<span class=\"_ _35\"> </span></span></span><span class=\"ls2\">\u2013 <span class=\"_ _3f\"> </span>\u2013 <span class=\"_ _1fe\"> </span><span class=\"lsc9 wsc9\">21<span class=\"_ _1\"></span>,062.<span class=\"_ _1\"></span>6<span class=\"_ _19f\"> </span><span class=\"ls9f wsbc\">21,08<span class=\"_ _1\"></span>0.3<span class=\"_ _383\"> </span></span></span></span></div><div class=\"t m0 hd ff1 fs7 fc3 sc0 ls11 ws2 gsb14\">Derivative asset<span class=\"_ _6\"></span>s<span class=\"_ _7b\"> </span><span class=\"ls14 ws11\">25<span class=\"_ _1cc\"> </span></span><span class=\"ls2\">\u2013 <span class=\"_ _a9\"> </span><span class=\"ls14 ws11\">185.7<span class=\"_ _d9\"> </span></span>\u2013 <span class=\"_ _20e\"> </span>\u2013 <span class=\"_ _a9\"> </span><span class=\"ls14 ws11\">18<span class=\"_ _1\"></span>5.7<span class=\"_ _383\"> </span></span></span></div><div class=\"t m0 hd ff1 fs7 fc3 sc0 ls11 ws2 gsb15\">Other assets</div><div class=\"t m0 h1f ff1 fsf fc3 sc0 ls2 ws2 gsb16\">1<span class=\"_ _383\"> </span></div><div class=\"t m0 hd ff1 fs7 fc3 sc0 lscd wsce gsb17\">27<span class=\"_ _1cc\"> </span><span class=\"ls2 ws2\">\u2013 <span class=\"_ _3f\"> </span>\u2013 <span class=\"_ _3f\"> </span>\u2013 <span class=\"_ _57\"> </span><span class=\"ls86 wsf1\">0<span class=\"_ _1\"></span>.9<span class=\"_ _8b\"> </span>0<span class=\"_ _2\"></span>.9</span></span></div><div class=\"t m0 hd ff1 fs7 fc3 sc0 ls2 ws2 gsb18\"> <span class=\"_ _253\"> </span> <span class=\"_ _1c2\"> </span><span class=\"lsd7 wsd7\">1<span class=\"_ _1\"></span>8<span class=\"_ _2\"></span>.4<span class=\"_ _e8\"> </span><span class=\"ls14 ws11\">185.7<span class=\"_ _93\"> </span><span class=\"lsc8 wsc8\">1<span class=\"_ _2\"></span>6<span class=\"_ _2\"></span>7.<span class=\"_ _0\"></span>6<span class=\"_ _19f\"> </span><span class=\"ls88 wse3\">24,<span class=\"_ _2\"></span>23<span class=\"_ _1\"></span>0.<span class=\"_ _1\"></span>7<span class=\"_ _a6\"> </span></span></span></span></span>24,602.<span class=\"_ _8\"></span>4<span class=\"_ _383\"> </span></div><div class=\"t m0 hd ff2 fs7 fc3 sc0 ls11 ws6e gsb19\">Liabilities<span class=\"_ _ad\"> </span><span class=\"ff1 ls2 ws2\"> <span class=\"_ _11a\"> </span> </span></div><div class=\"t m0 hd ff1 fs7 fc3 sc0 ls11 ws2 gsb1a\">Amounts o<span class=\"_ _6\"></span>wed to r<span class=\"_ _6\"></span>etail depositor<span class=\"_ _6\"></span>s<span class=\"_ _330\"> </span><span class=\"ls7d wse2\">32<span class=\"_ _1cc\"> </span></span><span class=\"ls2\">\u2013 <span class=\"_ _3f\"> </span>\u2013 <span class=\"_ _3f\"> </span>\u2013 <span class=\"_ _19f\"> </span><span class=\"lsc8 wsc8\">1<span class=\"_ _2\"></span>7,<span class=\"_ _0\"></span>5<span class=\"_ _0\"></span>2<span class=\"_ _0\"></span>6<span class=\"_ _0\"></span>.<span class=\"_ _1\"></span>4<span class=\"_ _121\"> </span>1<span class=\"_ _2\"></span>7,<span class=\"_ _0\"></span>5<span class=\"_ _0\"></span>2<span class=\"_ _2\"></span>6<span class=\"_ _0\"> </span>.<span class=\"_ _2\"></span>4<span class=\"_ _383\"> </span></span></span></div><div class=\"t m0 hd ff1 fs7 fc3 sc0 ls11 ws2 gsb1b\">Amounts o<span class=\"_ _6\"></span>wed to cr<span class=\"_ _6\"></span>edit institutions<span class=\"_ _331\"> </span><span class=\"ls7d wse2\">31<span class=\"_ _1cc\"> </span></span><span class=\"ls2\">\u2013 <span class=\"_ _3f\"> </span>\u2013 <span class=\"_ _3f\"> </span>\u2013 <span class=\"_ _6b\"> </span><span class=\"lsf8 wsfd\">4<span class=\"_ _1\"></span>,<span class=\"_ _2\"></span>3<span class=\"_ _2\"></span>1<span class=\"_ _2\"></span>9.<span class=\"_ _2\"></span>6<span class=\"_ _7f\"> </span>4<span class=\"_ _2\"></span>,<span class=\"_ _2\"></span>3<span class=\"_ _2\"></span>1<span class=\"_ _1\"></span>9.<span class=\"_ _2\"></span>6<span class=\"_ _383\"> </span></span></span></div><div class=\"t m0 hd ff1 fs7 fc3 sc0 ls11 ws2 gsb1c\">Amounts o<span class=\"_ _6\"></span>wed to o<span class=\"_ _6\"></span>ther customer<span class=\"_ _6\"></span>s<span class=\"_ _330\"> </span><span class=\"ls73 ws7a\">33<span class=\"_ _116\"> </span></span><span class=\"ls2\">\u2013 <span class=\"_ _3f\"> </span>\u2013 <span class=\"_ _3f\"> </span>\u2013 <span class=\"_ _5c\"> </span><span class=\"ls14 ws11\">92.6<span class=\"_ _55\"> </span>92.6<span class=\"_ _383\"> </span></span></span></div><div class=\"t m0 hd ff1 fs7 fc3 sc0 ls11 ws2 gsb1d\">Debt securities in issue<span class=\"_ _d4\"> </span><span class=\"ls2c ws29\">34<span class=\"_ _1cc\"> </span></span><span class=\"ls2\">\u2013 <span class=\"_ _3f\"> </span>\u2013 <span class=\"_ _20e\"> </span>\u2013 <span class=\"_ _70\"> </span><span class=\"ls9f wsbc\">460.3<span class=\"_ _a9\"> </span>46<span class=\"_ _1\"></span>0.3<span class=\"_ _383\"> </span></span></span></div><div class=\"t m0 hd ff1 fs7 fc3 sc0 ls11 ws2 gsb1e\">Derivative liabilities<span class=\"_ _c5\"> </span><span class=\"ls14 ws11\">25<span class=\"_ _1cc\"> </span></span><span class=\"ls2\">\u2013 <span class=\"_ _4f\"> </span><span class=\"lsf8 wsfd\">1<span class=\"_ _2\"></span>9.<span class=\"_ _2\"></span>7<span class=\"_ _d9\"> </span></span>\u2013 <span class=\"_ _3f\"> </span>\u2013 <span class=\"_ _254\"> </span><span class=\"lsf8 wsfd\">1<span class=\"_ _2\"></span>9.<span class=\"_ _2\"></span>7<span class=\"_ _383\"> </span></span></span></div><div class=\"t m0 hd ff1 fs7 fc3 sc0 ls11 ws2 gsb1f\">Other liabilities</div><div class=\"t m0 h1f ff1 fsf fc3 sc0 ls2 ws2 gsb20\">2<span class=\"_ _383\"> </span></div><div class=\"t m0 hd ff1 fs7 fc3 sc0 lsd4 ws46 gsb21\">36<span class=\"_ _1cc\"> </span><span class=\"ls2 ws2\">\u2013 <span class=\"_ _3f\"> </span>\u2013 <span class=\"_ _20e\"> </span>\u2013 <span class=\"_ _5c\"> </span><span class=\"ls54 ws55\">28.8<span class=\"_ _55\"> </span>28.8<span class=\"_ _383\"> </span></span></span></div><div class=\"t m0 hd ff1 fs7 fc3 sc0 ls11 ws2 gsb22\">Subordinated liabilities<span class=\"_ _27\"> </span><span class=\"ls2\">39<span class=\"_ _1cc\"> </span>\u2013 <span class=\"_ _3f\"> </span>\u2013 <span class=\"_ _3f\"> </span>\u2013 <span class=\"_ _93\"> </span><span class=\"ls9f wsbc\">10.<span class=\"_ _1\"></span>3<span class=\"_ _61\"> </span>10.3<span class=\"_ _383\"> </span></span></span></div><div class=\"t m0 hd ff1 fs7 fc3 sc0 ls11 ws6e gsb23\">PSBs<span class=\"_ _332\"> </span><span class=\"ls1f ws1c\">40<span class=\"_ _1cc\"> </span><span class=\"ls2 ws2\">\u2013 <span class=\"_ _3f\"> </span>\u2013 <span class=\"_ _20e\"> </span>\u2013 <span class=\"_ _96\"> </span><span class=\"ls9f wsbc\">15.2<span class=\"_ _61\"> </span>15.<span class=\"_ _1\"></span>2</span></span></span></div><div class=\"t m0 hd ff1 fs7 fc3 sc0 ls2 ws2 gsb24\"> <span class=\"_ _253\"> </span> <span class=\"_ _111\"> </span>\u2013 <span class=\"_ _4f\"> </span><span class=\"lsf8 wsfd\">1<span class=\"_ _2\"></span>9.<span class=\"_ _2\"></span>7<span class=\"_ _d9\"> </span></span>\u2013 <span class=\"_ _a2\"> </span><span class=\"lsd7 wsd7\">2<span class=\"_ _1\"></span>2<span class=\"_ _1\"></span>,4<span class=\"_ _1\"></span>5<span class=\"_ _2\"></span>3<span class=\"_ _1\"></span>.<span class=\"_ _2\"></span>2<span class=\"_ _89\"> </span></span>22,<span class=\"_ _8\"></span>4<span class=\"_ _6\"></span>72.<span class=\"_ _8\"></span>9<span class=\"_ _383\"> </span></div><div class=\"t m0 h8 ff1 fs5 fc3 sc0 ls16a wsb2 gsb25\">1.<span class=\"_ _6\"></span> <span class=\"_ _41\"> </span>Balance ex<span class=\"_ _6\"></span>cludes prepa<span class=\"_ _6\"></span>yments.<span class=\"_ _383\"> </span></div><div class=\"t m0 h8 ff1 fs5 fc3 sc0 ls16a wsb2 gsb26\">2. <span class=\"_ _149\"> </span>Balance exc<span class=\"_ _6\"></span>ludes defer<span class=\"_ _6\"></span>red income.<span class=\"_ _383\"> </span></div><div class=\"t m0 hd ff1 fs7 fc3 sc0 ls11 ws2 gsb27\">The Group has no non-derivativ<span class=\"_ _6\"></span>e \ufb01nancial assets or \ufb01nancial liabilities classi\ufb01ed as held for tr<span class=\"_ _6\"></span>ading.<span class=\"_ _383\"> </span></div><div class=\"t m0 hc ff2 fs7 fc3 sc0 ls2 ws2 gsb28\"><span class=\"_ _383\">ii.\u2002Fair value</span><span class=\"_ _1\"></span>s<span class=\"_ _383\"> </span></div><div class=\"t m0 hd ff1 fs7 fc3 sc0 ls11 ws2 gsb29\">The following t<span class=\"_ _6\"></span>ables summarise the carrying value and estimat<span class=\"_ _6\"></span>ed fair value of \ufb01nancial ins<span class=\"_ _6\"></span>truments not measur<span class=\"_ _6\"></span>ed at fair value in the Consolidated </div><div class=\"t m0 hd ff1 fs7 fc3 sc0 ls11 ws2 gsb2a\">Statemen<span class=\"_ _6\"></span>t of Financial Position: </div><div class=\"t m0 h8 ff2 fs5 fc3 sc0 lse ws71 gsb2b\">2022<span class=\"_ _a0\"> </span><span class=\"ff1\">2021<span class=\"_ _383\"> </span></span></div><div class=\"t m0 h3a ff2 fs5 fc3 sc0 lse ws71 gsb2c\">Carrying </div><div class=\"t m0 h3a ff2 fs5 fc3 sc0 lse ws71 gsb2d\">value<span class=\"_ _383\"> </span></div><div class=\"t m0 h3a ff2 fs5 fc3 sc0 lse ws71 gsb2e\">\u00a3m<span class=\"_ _383\"> </span></div><div class=\"t m0 h3a ff2 fs5 fc3 sc0 lse ws2 gsb2f\">Estimated fair </div><div class=\"t m0 h3a ff2 fs5 fc3 sc0 lse ws71 gsb30\">value<span class=\"_ _383\"> </span></div><div class=\"t m0 h3a ff2 fs5 fc3 sc0 lse ws71 gsb31\">\u00a3m<span class=\"_ _383\"> </span></div><div class=\"t m0 h8 ff1 fs5 fc3 sc0 lse ws71 gsb32\">Carrying <span class=\"ls2 ws2\"> </span></div><div class=\"t m0 h8 ff1 fs5 fc3 sc0 lse ws71 gsb33\">value<span class=\"_ _383\"> </span></div><div class=\"t m0 h8 ff1 fs5 fc3 sc0 lse ws71 gsb34\">\u00a3m<span class=\"_ _383\"> </span></div><div class=\"t m0 h8 ff1 fs5 fc3 sc0 lse ws2 gsb35\">Estimated fair </div><div class=\"t m0 h8 ff1 fs5 fc3 sc0 lse ws71 gsb36\">value<span class=\"_ _383\"> </span></div><div class=\"t m0 h8 ff1 fs5 fc3 sc0 lse ws71 gsb37\">\u00a3m<span class=\"_ _383\"> </span></div><div class=\"t m0 hc ff2 fs7 fc3 sc0 lsc9 wsc9 gsb38\">Assets<span class=\"_ _334\"> </span><span class=\"ls2 ws2\"> <span class=\"_ _11a\"> </span> </span></div><div class=\"t m0 hd ff1 fs7 fc3 sc0 ls11 ws2 gsb39\">Cash in hand<span class=\"_ _25c\"> </span><span class=\"ff2 ls81 wsdf\">0<span class=\"_ _1\"></span>.4<span class=\"_ _15c\"> </span>0.4<span class=\"_ _e5\"> </span></span><span class=\"ls9f wsbc\">0.5<span class=\"_ _53\"> </span>0.5<span class=\"_ _383\"> </span></span></div><div class=\"t m0 hd ff1 fs7 fc3 sc0 ls11 ws2 gsb3a\">Loans and adv<span class=\"_ _6\"></span>ances to credit institutions<span class=\"_ _335\"> </span><span class=\"ff2 lsf9 ws82\">3,365.<span class=\"_ _6\"></span>7<span class=\"_ _6c\"> </span>3,365.7<span class=\"_ _6e\"> </span><span class=\"ff1 ls2c ws29\">2,843.6<span class=\"_ _6e\"> </span>2,843.6<span class=\"_ _383\"> </span></span></span></div><div class=\"t m0 hd ff1 fs7 fc3 sc0 ls11 ws2 gsb3b\">Inv<span class=\"_ _6\"></span>estment securities<span class=\"_ _1ca\"> </span><span class=\"ff2 ls12 wsf\">262.6<span class=\"_ _98\"> </span><span class=\"lsc9 wsc9\">260.5<span class=\"_ _e8\"> </span></span></span><span class=\"lsed wsf2\">3<span class=\"_ _1\"></span>2<span class=\"_ _2\"></span>3<span class=\"_ _1\"></span>.1<span class=\"_ _91\"> </span><span class=\"ls54 ws55\">323.8<span class=\"_ _383\"> </span></span></span></div><div class=\"t m0 hd ff1 fs7 fc3 sc0 ls11 ws2 gsb3c\">Loans and adv<span class=\"_ _6\"></span>ances to customer<span class=\"_ _6\"></span>s<span class=\"_ _2e8\"> </span><span class=\"ff2 lscd wsce\">2<span class=\"_ _1\"></span>3,598<span class=\"_ _1\"></span>.<span class=\"_ _6\"></span>1<span class=\"_ _fc\"> </span><span class=\"ls7e ws16\">22,7<span class=\"_ _1\"></span>46.0<span class=\"_ _1a\"> </span><span class=\"ff1 lsc9 wsc9\">21,0<span class=\"_ _1\"></span>62.6<span class=\"_ _6c\"> </span><span class=\"lsf8 wsfd\">2<span class=\"_ _2\"></span>1<span class=\"_ _2\"></span>,<span class=\"_ _2\"></span>0<span class=\"_ _1\"></span>7<span class=\"_ _2\"></span>9.<span class=\"_ _2\"></span>5<span class=\"_ _383\"> </span></span></span></span></span></div><div class=\"t m0 hd ff1 fs7 fc3 sc0 ls11 ws2 gsb3d\">Other assets</div><div class=\"t m0 h1f ff1 fsf fc3 sc0 ls2 ws2 gsb3e\">1<span class=\"_ _383\"> </span></div><div class=\"t m0 hd ff2 fs7 fc3 sc0 ls14 ws11 gsb3f\">1.8<span class=\"_ _8b\"> </span>1.8<span class=\"_ _8b\"> </span><span class=\"ff1 ls86 wsf1\">0<span class=\"_ _1\"></span>.9<span class=\"_ _8b\"> </span>0<span class=\"_ _2\"></span>.9</span></div><div class=\"t m0 hd ff1 fs7 fc3 sc0 ls2 ws2 gsb40\"> <span class=\"_ _11e\"> </span><span class=\"ff2 lse4 wse9\">2<span class=\"_ _2\"></span>7,<span class=\"_ _0\"></span>2<span class=\"_ _2\"></span>2<span class=\"_ _0\"> </span>8<span class=\"_ _0\"> </span>.<span class=\"_ _0\"></span>6<span class=\"_ _1fe\"> </span><span class=\"ls81 wsdf\">26<span class=\"_ _1\"></span>,<span class=\"_ _1\"></span>3<span class=\"_ _1\"></span>7<span class=\"_ _1\"></span>4<span class=\"_ _1\"></span>.4<span class=\"_ _aa\"> </span></span></span><span class=\"ls88 wse3\">24,2<span class=\"_ _1\"></span>3<span class=\"_ _1\"></span>0.<span class=\"_ _1\"></span>7<span class=\"_ _fd\"> </span><span class=\"lscd wsce\">24,24<span class=\"_ _1\"></span>8.3<span class=\"_ _383\"> </span></span></span></div><div class=\"t m0 hc ff2 fs7 fc3 sc0 ls11 ws6e gsb41\">Liabilities<span class=\"_ _256\"> </span><span class=\"ls2 ws2\"> <span class=\"_ _11a\"> </span> </span></div><div class=\"t m0 hd ff1 fs7 fc3 sc0 ls11 ws2 gsb42\">Amounts o<span class=\"_ _6\"></span>wed to r<span class=\"_ _6\"></span>etail depositor<span class=\"_ _6\"></span>s<span class=\"_ _d1\"> </span><span class=\"ff2 lsd3 ws86\">19<span class=\"_ _8\"></span>,755.8<span class=\"_ _67\"> </span><span class=\"ls16c ws189\">1<span class=\"_ _1\"></span>9,<span class=\"_ _2\"></span>6<span class=\"_ _2\"></span>9<span class=\"_ _1\"></span>3<span class=\"_ _2\"></span>.<span class=\"_ _2\"></span>0<span class=\"_ _d\"> </span><span class=\"ff1 lsc8 wsc8\">1<span class=\"_ _2\"></span>7,<span class=\"_ _0\"></span>5<span class=\"_ _0\"></span>2<span class=\"_ _0\"></span>6<span class=\"_ _0\"></span>.<span class=\"_ _1\"></span>4<span class=\"_ _6b\"> </span>1<span class=\"_ _2\"></span>7,<span class=\"_ _0\"></span>5<span class=\"_ _0\"></span>2<span class=\"_ _2\"></span>4<span class=\"_ _0\"></span>.<span class=\"_ _2\"></span>9<span class=\"_ _383\"> </span></span></span></span></div><div class=\"t m0 hd ff1 fs7 fc3 sc0 ls11 ws2 gsb43\">Amounts o<span class=\"_ _6\"></span>wed to cr<span class=\"_ _6\"></span>edit institutions<span class=\"_ _197\"> </span><span class=\"ff2 lsc5 wsc4\">5<span class=\"_ _1\"></span>,<span class=\"_ _2\"></span>0<span class=\"_ _1\"></span>9<span class=\"_ _1\"></span>2<span class=\"_ _2\"></span>.9<span class=\"_ _66\"> </span>5<span class=\"_ _1\"></span>,<span class=\"_ _1\"></span>0<span class=\"_ _2\"></span>9<span class=\"_ _1\"></span>2<span class=\"_ _1\"></span>.9<span class=\"_ _7f\"> </span></span><span class=\"lsf8 wsfd\">4<span class=\"_ _1\"></span>,<span class=\"_ _2\"></span>3<span class=\"_ _2\"></span>1<span class=\"_ _2\"></span>9.<span class=\"_ _2\"></span>6<span class=\"_ _7f\"> </span>4<span class=\"_ _1\"></span>,<span class=\"_ _0\"></span>3<span class=\"_ _2\"></span>1<span class=\"_ _1\"></span>9.<span class=\"_ _2\"></span>6<span class=\"_ _383\"> </span></span></div><div class=\"t m0 hd ff1 fs7 fc3 sc0 ls11 ws2 gsb44\">Amounts o<span class=\"_ _6\"></span>wed to o<span class=\"_ _6\"></span>ther customer<span class=\"_ _6\"></span>s<span class=\"_ _79\"> </span><span class=\"ff2 lsc3 wsc2\">1<span class=\"_ _1\"></span>1<span class=\"_ _1\"></span>3<span class=\"_ _2\"></span>.1<span class=\"_ _9d\"> </span>11<span class=\"_ _1\"></span>3<span class=\"_ _2\"></span>.1<span class=\"_ _254\"> </span></span><span class=\"ls14 ws11\">92.6<span class=\"_ _55\"> </span>92.<span class=\"_ _1\"></span>6<span class=\"_ _383\"> </span></span></div><div class=\"t m0 hd ff1 fs7 fc3 sc0 ls11 ws2 gsb45\">Debt securities in issue<span class=\"_ _26f\"> </span><span class=\"ff2 lsc5 wsc4\">2<span class=\"_ _1\"></span>6<span class=\"_ _1\"></span>5<span class=\"_ _2\"></span>.9<span class=\"_ _50\"> </span>26<span class=\"_ _1\"></span>5<span class=\"_ _2\"></span>.9<span class=\"_ _a9\"> </span></span><span class=\"ls9f wsbc\">4<span class=\"_ _1\"></span>60.3<span class=\"_ _a9\"> </span>46<span class=\"_ _1\"></span>0.3<span class=\"_ _383\"> </span></span></div><div class=\"t m0 hd ff1 fs7 fc3 sc0 ls11 ws2 gsb46\">Other liabilities</div><div class=\"t m0 h1f ff1 fsf fc3 sc0 ls2 ws2 gsb47\">2<span class=\"_ _383\"> </span></div><div class=\"t m0 hd ff2 fs7 fc3 sc0 lsc3 wsc2 gsb48\">3<span class=\"_ _1\"></span>8<span class=\"_ _2\"></span>.1<span class=\"_ _4f\"> </span>3<span class=\"_ _2\"></span>8<span class=\"_ _1\"></span>.1<span class=\"_ _55\"> </span><span class=\"ff1 ls54 ws55\">28.<span class=\"_ _1\"></span>8<span class=\"_ _96\"> </span>28.<span class=\"_ _1\"></span>8<span class=\"_ _383\"> </span></span></div><div class=\"t m0 hd ff1 fs7 fc3 sc0 ls11 ws2 gsb49\">Subordinated liabilities<span class=\"_ _1c7\"> </span><span class=\"ff2 ls2\">\u2013 <span class=\"_ _3f\"> </span>\u2013 <span class=\"_ _93\"> </span></span><span class=\"ls9f wsbc\">1<span class=\"_ _1\"></span>0.3<span class=\"_ _61\"> </span>10.6<span class=\"_ _383\"> </span></span></div><div class=\"t m0 hd ff1 fs7 fc3 sc0 ls11 ws6e gsb4a\">PSBs<span class=\"_ _312\"> </span><span class=\"ff2 lscd wsce\">15.2<span class=\"_ _55\"> </span><span class=\"ls7e ws16\">14.0<span class=\"_ _61\"> </span></span></span><span class=\"ls9f wsbc\">15<span class=\"_ _1\"></span>.2<span class=\"_ _1b4\"> </span><span class=\"ls88 wse3\">14.<span class=\"_ _1\"></span>7</span></span></div><div class=\"t m0 hd ff1 fs7 fc3 sc0 ls2 ws2 gsb4b\"> <span class=\"_ _11e\"> </span><span class=\"ff2 ls14 ws11\">25,281.0<span class=\"_ _fd\"> </span><span class=\"lsc4 wsc3\">2<span class=\"_ _0\"></span>5<span class=\"_ _0\"></span>,<span class=\"_ _0\"> </span>2<span class=\"_ _0\"> </span>1<span class=\"_ _0\"></span>7.<span class=\"_ _2\"></span>0<span class=\"_ _19f\"> </span></span></span><span class=\"lsd7 wsd7\">2<span class=\"_ _1\"></span>2<span class=\"_ _1\"></span>,4<span class=\"_ _2\"></span>5<span class=\"_ _1\"></span>3<span class=\"_ _2\"></span>.<span class=\"_ _1\"></span>2<span class=\"_ _89\"> </span>2<span class=\"_ _2\"></span>2<span class=\"_ _1\"></span>,4<span class=\"_ _1\"></span>5<span class=\"_ _1\"></span>1<span class=\"_ _1\"></span>.<span class=\"_ _1\"></span>5<span class=\"_ _383\"> </span></span></div><div class=\"t m0 h8 ff1 fs5 fc3 sc0 ls16a wsb2 gsb4c\">1.<span class=\"_ _6\"></span> <span class=\"_ _41\"> </span>Balance ex<span class=\"_ _6\"></span>cludes prepa<span class=\"_ _6\"></span>yments.<span class=\"_ _383\"> </span></div><div class=\"t m0 h8 ff1 fs5 fc3 sc0 ls16a wsb2 gsb4d\">2. <span class=\"_ _149\"> </span>Balance exc<span class=\"_ _6\"></span>ludes defer<span class=\"_ _6\"></span>red income.<span class=\"_ _383\"> </span></div><div class=\"t m0 hd ff1 fs7 fc3 sc0 ls11 ws2 gsb4e\">The fair values in these tables ar<span class=\"_ _6\"></span>e estimated using the v<span class=\"_ _6\"></span>aluation techniques below<span class=\"_ _8\"></span>. The estimated fair value is s<span class=\"_ _6\"></span>tated as at 31 December and may </div><div class=\"t m0 hd ff1 fs7 fc3 sc0 ls11 ws2 gsb4f\"><span class=\"_ _383\">be signi\ufb01cantly differ</span><span class=\"_ _6\"></span>ent from the amoun<span class=\"_ _6\"></span>ts which will actually be paid on the maturity or settlement dat<span class=\"_ _6\"></span>es of each \ufb01nancial instrumen<span class=\"_ _6\"></span>t.<span class=\"_ _383\"> </span></div><div class=\"t m0 hc ff2 fs7 fc3 sc0 ls2 ws2 gs202\">Cas<span class=\"_ _1\"></span>h in hand<span class=\"_ _383\"> </span></div><div class=\"t m0 hd ff1 fs7 fc3 sc0 ls11 ws2 gs203\">This represen<span class=\"_ _6\"></span>ts physical cash across the Gr<span class=\"_ _6\"></span>oup<span class=\"_ _8\"></span>\u2019<span class=\"_ _6\"></span>s branch netw<span class=\"_ _6\"></span>ork where fair v<span class=\"_ _6\"></span>alue is considered to be equal to carrying v<span class=\"_ _6\"></span>alue. </div><div class=\"t m0 hc ff2 fs7 fc3 sc0 ls2c ws29 gsb51\">Loans and advanc<span class=\"_ _1\"></span>es to cre<span class=\"_ _1\"></span>dit institutions<span class=\"_ _383\"> </span></div><div class=\"t m0 hd ff1 fs7 fc3 sc0 ls11 ws2 gs205\">This mainly represen<span class=\"_ _6\"></span>ts the Group<span class=\"_ _8\"></span>\u2019<span class=\"_ _8\"></span>s working capital curren<span class=\"_ _6\"></span>t accounts and call accounts with centr<span class=\"_ _6\"></span>al gov<span class=\"_ _6\"></span>ernments and other bank<span class=\"_ _8\"></span>s with an original<span class=\"_ _1\"></span> </div><div class=\"t m0 hd ff1 fs7 fc3 sc0 ls11 ws2 gs206\">maturity of less than three months<span class=\"_ _8\"></span><span class=\"_ _383\">. Fair value is not considered to be materially differ</span><span class=\"_ _6\"></span>ent to carrying v<span class=\"_ _6\"></span>alue. </div><div class=\"t m0 hc ff2 fs7 fc3 sc0 ls2f ws2c gs22a\">Inv<span class=\"_ _6\"></span>estment<span class=\"_ _6\"></span> securit<span class=\"_ _6\"></span>ies<span class=\"_ _383\"> </span></div><div class=\"t m0 hd ff1 fs7 fc3 sc0 ls11 ws2 gs208\">Inv<span class=\"_ _6\"></span>estment securities<span class=\"_ _1f6\"></span>\u2019 fair values are pro<span class=\"_ _6\"></span>vided by a third party and are based on the mark<span class=\"_ _8\"></span>et values of similar \ufb01nancial instrumen<span class=\"_ _6\"></span>ts. The f<span class=\"_ _6\"></span>air value </div><div class=\"t m0 hd ff1 fs7 fc3 sc0 ls11 ws2 gs209\">of inv<span class=\"_ _6\"></span>estmen<span class=\"_ _6\"></span>t securities held at FV<span class=\"_ _1\"></span>TPL is measured using a discounte<span class=\"_ _6\"></span>d cash \ufb02ow model.<span class=\"_ _383\"> </span></div><div class=\"t m0 hc ff2 fs7 fc3 sc0 ls2 ws2 gs20b\">Loan<span class=\"_ _1\"></span>s and ad<span class=\"_ _1\"></span>vance<span class=\"_ _1\"></span>s to cu<span class=\"_ _1\"></span>stom<span class=\"_ _1\"></span>er<span class=\"_ _1\"></span>s<span class=\"_ _383\"> </span></div><div class=\"t m0 hd ff1 fs7 fc3 sc0 ls11 ws2 gsb52\">This mainly represen<span class=\"_ _6\"></span>ts secured mortgage lending to cust<span class=\"_ _6\"></span>omers<span class=\"_ _6\"></span>. The fair value of \ufb01x<span class=\"_ _6\"></span>ed rate mortgages has been estimat<span class=\"_ _6\"></span>ed by discounting future </div><div class=\"t m0 hd ff1 fs7 fc3 sc0 ls11 ws2 gs20c\">cash \ufb02ows at curr<span class=\"_ _6\"></span>ent mark<span class=\"_ _8\"></span>et rates of in<span class=\"_ _6\"></span>teres<span class=\"_ _6\"></span>t. Future cash \ufb02o<span class=\"_ _6\"></span>ws include the impact of ECL. The in<span class=\"_ _6\"></span>terest r<span class=\"_ _8\"></span>ate on variable rate mortgages is </div><div class=\"t m0 hd ff1 fs7 fc3 sc0 ls11 ws2 gs20d\">considered to be equal to curr<span class=\"_ _6\"></span>ent mark<span class=\"_ _8\"></span>et product rat<span class=\"_ _6\"></span>es and as such fair value is estimat<span class=\"_ _6\"></span>ed to be equal to carrying value<span class=\"_ _8\"></span>.<span class=\"_ _1\"></span> </div><div class=\"t m0 hc ff2 fs7 fc3 sc0 ls24 ws21 gs20f\">Other assets<span class=\"_ _383\"> </span></div><div class=\"t m0 hd ff1 fs7 fc3 sc0 ls11 ws2 gs22b\">Other assets disclosed in the table abo<span class=\"_ _6\"></span>ve e<span class=\"_ _6\"></span>xclude prepaymen<span class=\"_ _6\"></span>ts and the fair value is considere<span class=\"_ _6\"></span>d to be equal to carrying value<span class=\"_ _6\"></span>. </div><div class=\"t m0 hc ff2 fs7 fc3 sc0 ls2 ws2 gs211\">Amou<span class=\"_ _1\"></span>nts owed t<span class=\"_ _1\"></span>o reta<span class=\"_ _1\"></span>il dep<span class=\"_ _1\"></span>osit<span class=\"_ _1\"></span>ors<span class=\"_ _383\"> </span></div><div class=\"t m0 hd ff1 fs7 fc3 sc0 ls11 ws2 gsaca\">The fair value of \ufb01x<span class=\"_ _6\"></span>ed rat<span class=\"_ _6\"></span>e retail deposits has been es<span class=\"_ _6\"></span>timated by discounting future cash \ufb02o<span class=\"_ _8\"></span>ws at current mark<span class=\"_ _8\"></span>et rates of int<span class=\"_ _6\"></span>erest. R<span class=\"_ _6\"></span>etail deposits </div><div class=\"t m0 hd ff1 fs7 fc3 sc0 ls11 ws2 gs212\">at variable rat<span class=\"_ _6\"></span>es and deposits payable on demand are considered t<span class=\"_ _6\"></span>o be at current mark<span class=\"_ _8\"></span>et rates and as such fair v<span class=\"_ _6\"></span>alue is estimated t<span class=\"_ _6\"></span>o be equal to </div><div class=\"t m0 hd ff1 fs7 fc3 sc0 ls11 ws2 gs213\">carrying value<span class=\"_ _6\"></span>.<span class=\"_ _383\"> </span></div><div class=\"t m0 hc ff2 fs7 fc3 sc0 ls2 ws2 gs214\">Amou<span class=\"_ _1\"></span>nts owed t<span class=\"_ _1\"></span>o cre<span class=\"_ _1\"></span>dit ins<span class=\"_ _1\"></span>titutio<span class=\"_ _1\"></span>ns<span class=\"_ _383\"> </span></div><div class=\"t m0 hd ff1 fs7 fc3 sc0 ls11 ws2 gs22d\">This mainly represen<span class=\"_ _6\"></span>ts amounts dr<span class=\"_ _8\"></span>awn down under the BoE TFSME and commercial repos<span class=\"_ _8\"></span>. Fair value is considered to be equal to carrying value<span class=\"_ _6\"></span>. </div><div class=\"t m0 hc ff2 fs7 fc3 sc0 ls2 ws2 gs216\">Amou<span class=\"_ _1\"></span>nts owed t<span class=\"_ _1\"></span>o othe<span class=\"_ _1\"></span>r cus<span class=\"_ _1\"></span>tom<span class=\"_ _1\"></span>ers<span class=\"_ _383\"> </span></div><div class=\"t m0 hd ff1 fs7 fc3 sc0 ls11 ws2 gs217\">This represen<span class=\"_ _6\"></span>ts saving product<span class=\"_ _6\"></span>s to corporations and local authorities<span class=\"_ _6\"></span>. The fair value of \ufb01x<span class=\"_ _6\"></span>ed rat<span class=\"_ _6\"></span>e deposits is estimated by discoun<span class=\"_ _6\"></span>ting future cash </div><div class=\"t m0 hd ff1 fs7 fc3 sc0 ls11 ws2 gs218\">\ufb02ows at curr<span class=\"_ _6\"></span>ent mark<span class=\"_ _8\"></span>et rates of in<span class=\"_ _6\"></span>teres<span class=\"_ _6\"></span>t. Deposits at variable rates ar<span class=\"_ _6\"></span>e considered to be at curr<span class=\"_ _6\"></span>ent mark<span class=\"_ _8\"></span>et rates and the fair value is es<span class=\"_ _6\"></span>timated to </div><div class=\"t m0 hd ff1 fs7 fc3 sc0 ls11 ws2 gs219\">be equal to carrying value<span class=\"_ _6\"></span>.<span class=\"_ _383\"> </span></div><div class=\"t m0 hc ff2 fs7 fc3 sc0 ls2 ws2 gs21b\">Deb<span class=\"_ _1\"></span>t se<span class=\"_ _1\"></span>curiti<span class=\"_ _1\"></span>es in is<span class=\"_ _1\"></span>sue<span class=\"_ _383\"> </span></div><div class=\"t m0 hd ff1 fs7 fc3 sc0 ls11 ws2 gsacb\">While the Group<span class=\"_ _8\"></span>\u2019<span class=\"_ _6\"></span>s debt securities in issue are lis<span class=\"_ _6\"></span>ted, the quoted prices for an individual note may no<span class=\"_ _6\"></span>t be indicative of the f<span class=\"_ _6\"></span>air value of the issue as </div><div class=\"t m0 hd ff1 fs7 fc3 sc0 ls11 ws2 gs21c\">a whole, due to the specialised natur<span class=\"_ _6\"></span>e of the mark<span class=\"_ _8\"></span>et in such instruments and the limited number o<span class=\"_ _6\"></span>f inv<span class=\"_ _6\"></span>estors participating in it. Fair value is not </div><div class=\"t m0 hd ff1 fs7 fc3 sc0 ls11 ws2 gs21d\"><span class=\"_ _383\">considered to be materially diff</span><span class=\"_ _6\"></span>erent to carrying v<span class=\"_ _6\"></span>alue.<span class=\"_ _383\"> </span></div><div class=\"t m0 hc ff2 fs7 fc3 sc0 lsd3 ws86 gsacd\">Oth<span class=\"_ _1\"></span>er liabilities<span class=\"_ _383\"> </span></div><div class=\"t m0 hd ff1 fs7 fc3 sc0 ls11 ws2 gsb53\">Other liabilities disclosed in the table abov<span class=\"_ _6\"></span>e ex<span class=\"_ _6\"></span>clude deferr<span class=\"_ _6\"></span>ed income and the fair value is considered to be equal t<span class=\"_ _6\"></span>o carrying value.<span class=\"_ _383\"> </span></div><div class=\"t m0 hc ff2 fs7 fc3 sc0 ls2c ws29 gsb54\">Subor<span class=\"_ _1\"></span>dinated liabilitie<span class=\"_ _1\"></span>s and PSB<span class=\"_ _1\"></span>s<span class=\"_ _383\"> </span></div><div class=\"t m0 hd ff1 fs7 fc3 sc0 ls11 ws2 gsacf\">The fair value of subor<span class=\"_ _8\"></span>dinated liabilities is estimated by using quoted mark<span class=\"_ _8\"></span>et prices of similar instruments at the r<span class=\"_ _6\"></span>eporting date. The PSBs are lis<span class=\"_ _6\"></span>ted </div><div class=\"t m0 hd ff1 fs7 fc3 sc0 ls11 ws2 gsad0\">on the London S<span class=\"_ _6\"></span>tock Exchange with fair v<span class=\"_ _6\"></span>alue being the quoted mark<span class=\"_ _8\"></span>et price at the repor<span class=\"_ _1\"></span>ting date.<span class=\"_ _383\"> </span></div><div class=\"t m0 hc ff2 fs7 fc2 sc0 ls2c ws29 gsb56\"><span class=\"_ _383\">46.\u2002Financial instrume</span><span class=\"_ _1\"></span>nts and fair values<span class=\"ff5 lsd4 ws46\"> co<span class=\"_ _1\"></span>ntinued<span class=\"_ _383\"> </span></span></div><div class=\"t m0 hc ff2 fs7 fc3 sc0 ls2 ws2 gsb57\"><span class=\"_ _383\">iii.\u2002Fair valu</span><span class=\"_ _1\"></span>e clas<span class=\"_ _1\"></span>si\ufb01c<span class=\"_ _1\"></span>atio<span class=\"_ _1\"></span>n<span class=\"_ _383\"> </span></div><div class=\"t m0 hd ff1 fs7 fc3 sc0 ls11 ws2 gsb58\">The following t<span class=\"_ _6\"></span>ables provide an analysis o<span class=\"_ _6\"></span>f \ufb01nancial assets and \ufb01nancial liabilities measure<span class=\"_ _6\"></span>d at fair value in the Consolidated St<span class=\"_ _6\"></span>atement of </div><div class=\"t m0 hd ff1 fs7 fc3 sc0 ls11 ws2 gsb59\">Financial Position grouped int<span class=\"_ _6\"></span>o Le<span class=\"_ _6\"></span>vels 1 to 3 based on the degr<span class=\"_ _6\"></span>ee to which the fair value is observable:<span class=\"_ _383\"> </span></div><div class=\"t m0 h3a ff2 fs5 fc3 sc0 lse ws71 gsb5a\">2022<span class=\"_ _383\"> </span></div><div class=\"t m0 h3a ff2 fs5 fc3 sc0 lse ws71 gsb5b\">Carrying </div><div class=\"t m0 h3a ff2 fs5 fc3 sc0 lse ws71 gsb5c\">amount<span class=\"_ _383\"> </span></div><div class=\"t m0 h3a ff2 fs5 fc3 sc0 lse ws71 gsb5d\">\u00a3m<span class=\"_ _383\"> </span></div><div class=\"t m0 h3a ff2 fs5 fc3 sc0 lse ws71 gsb5e\">Principal </div><div class=\"t m0 h3a ff2 fs5 fc3 sc0 lse ws71 gsb5f\">amount<span class=\"_ _383\"> </span></div><div class=\"t m0 h3a ff2 fs5 fc3 sc0 lse ws71 gsb60\">\u00a3m<span class=\"_ _383\"> </span></div><div class=\"t m0 h3a ff2 fs5 fc3 sc0 ls33 ws18e gsb61\">Level<span class=\"_ _1\"></span> 1<span class=\"_ _1\"></span> </div><div class=\"t m0 h3a ff2 fs5 fc3 sc0 lse ws71 gsb62\">\u00a3m<span class=\"_ _383\"> </span></div><div class=\"t m0 h3a ff2 fs5 fc3 sc0 ls33 ws18e gsb63\">Level<span class=\"_ _1\"></span> 2<span class=\"_ _1\"></span> </div><div class=\"t m0 h3a ff2 fs5 fc3 sc0 lse ws71 gsb64\">\u00a3m<span class=\"_ _383\"> </span></div><div class=\"t m0 h3a ff2 fs5 fc3 sc0 ls33 ws18e gsb65\">Level<span class=\"_ _1\"></span> 3<span class=\"_ _1\"></span> </div><div class=\"t m0 h3a ff2 fs5 fc3 sc0 lse ws71 gsb66\">\u00a3m<span class=\"_ _383\"> </span></div><div class=\"t m0 h3a ff2 fs5 fc3 sc0 lsc2 wsc1 gsb67\">To<span class=\"_ _1\"></span>t<span class=\"_ _2\"></span>a<span class=\"_ _1\"></span>l<span class=\"_ _2\"></span> </div><div class=\"t m0 h3a ff2 fs5 fc3 sc0 lse ws71 gsb68\">\u00a3m<span class=\"_ _383\"> </span></div><div class=\"t m0 hc ff2 fs7 fc3 sc0 ls11 ws2 gsb69\">Financial assets<span class=\"_ _30b\"> </span><span class=\"ls2\"> <span class=\"_ _11a\"> </span> <span class=\"_ _11a\"> </span> <span class=\"_ _11a\"> </span> <span class=\"_ _11a\"> </span> <span class=\"_ _11a\"> </span> </span></div><div class=\"t m0 hd ff1 fs7 fc3 sc0 ls11 ws2 gsb6a\">Inv<span class=\"_ _6\"></span>estment securities<span class=\"_ _336\"> </span><span class=\"ff2 ws6e\">150.<span class=\"_ _1\"></span>3<span class=\"_ _50\"> </span>15<span class=\"_ _1\"></span>0.5<span class=\"_ _91\"> </span><span class=\"ls6f ws75\">149.8<span class=\"_ _116\"> </span><span class=\"ls2 ws2\">\u2013 <span class=\"_ _d0\"> </span></span></span>0.5<span class=\"_ _50\"> </span>15<span class=\"_ _1\"></span>0.3<span class=\"_ _383\"> </span></span></div><div class=\"t m0 hd ff1 fs7 fc3 sc0 ls11 ws2 gsb6b\">Loans and adv<span class=\"_ _6\"></span>ances to customer<span class=\"_ _6\"></span>s<span class=\"_ _337\"> </span><span class=\"ff2 ws6e\">14.6<span class=\"_ _37\"> </span><span class=\"lsc4 wsc3\">1<span class=\"_ _2\"></span>7.<span class=\"_ _0\"></span>7<span class=\"_ _35\"> </span><span class=\"ls2 ws2\">\u2013 <span class=\"_ _20e\"> </span>\u2013 <span class=\"_ _59\"> </span></span></span>14.6<span class=\"_ _254\"> </span>14.<span class=\"_ _1\"></span>6<span class=\"_ _383\"> </span></span></div><div class=\"t m0 hd ff1 fs7 fc3 sc0 ls11 ws2 gsb6c\">Derivative asset<span class=\"_ _6\"></span>s<span class=\"_ _2a\"> </span><span class=\"ff2 ls1f ws1c\">888.<span class=\"_ _8\"></span>1<span class=\"_ _1fe\"> </span><span class=\"ls2 ws2\">15,662.6<span class=\"_ _1cc\"> </span>\u2013 <span class=\"_ _70\"> </span></span>888.<span class=\"_ _6\"></span>1<span class=\"_ _1cc\"> </span><span class=\"ls2 ws2\">\u2013 <span class=\"_ _70\"> </span></span>888.<span class=\"_ _6\"></span>1</span></div><div class=\"t m0 hd ff1 fs7 fc3 sc0 ls2 ws2 gsb6d\"> <span class=\"_ _338\"> </span><span class=\"ff2 ls7e ws16\">1,05<span class=\"_ _1\"></span>3.0<span class=\"_ _ff\"> </span><span class=\"ls2c ws29\">15,830.8<span class=\"_ _5a\"> </span><span class=\"ls6f ws75\">149.8<span class=\"_ _50\"> </span><span class=\"ls1f ws1c\">888.1<span class=\"_ _d0\"> </span><span class=\"lsc3 wsc2\">1<span class=\"_ _1\"></span>5<span class=\"_ _2\"></span>.1<span class=\"_ _d\"> </span></span></span></span></span>1,0<span class=\"_ _1\"></span>53<span class=\"_ _1\"></span>.0<span class=\"_ _383\"> </span></span></div><div class=\"t m0 hc ff2 fs7 fc3 sc0 ls11 ws2 gsb6e\">Financial liabilities<span class=\"_ _339\"> </span><span class=\"ls2\"> <span class=\"_ _11a\"> </span> <span class=\"_ _11a\"> </span> <span class=\"_ _21a\"> </span> <span class=\"_ _11a\"> </span> <span class=\"_ _11a\"> </span> </span></div><div class=\"t m0 hd ff1 fs7 fc3 sc0 ls11 ws2 gsb6f\">Derivative liabilities<span class=\"_ _d4\"> </span><span class=\"ff2 ls2\">106.6<span class=\"_ _121\"> </span><span class=\"ls16c ws189\">9,<span class=\"_ _2\"></span>5<span class=\"_ _1\"></span>1<span class=\"_ _2\"></span>8<span class=\"_ _2\"></span>.<span class=\"_ _1\"></span>0<span class=\"_ _d9\"> </span></span>\u2013 <span class=\"_ _70\"> </span>106.6<span class=\"_ _1cc\"> </span>\u2013 <span class=\"_ _70\"> </span>106.6<span class=\"_ _383\"> </span></span></div><div class=\"t m0 h8 ff1 fs5 fc3 sc0 lse ws71 gsb70\">2021<span class=\"_ _383\"> </span></div><div class=\"t m0 h8 ff1 fs5 fc3 sc0 lse ws71 gsb71\">Carrying </div><div class=\"t m0 h8 ff1 fs5 fc3 sc0 lse ws71 gsb72\">amount<span class=\"_ _383\"> </span></div><div class=\"t m0 h8 ff1 fs5 fc3 sc0 lse ws71 gsb73\">\u00a3m<span class=\"_ _383\"> </span></div><div class=\"t m0 h8 ff1 fs5 fc3 sc0 lse ws71 gsb74\">Principal </div><div class=\"t m0 h8 ff1 fs5 fc3 sc0 lse ws71 gsb75\">amount<span class=\"_ _383\"> </span></div><div class=\"t m0 h8 ff1 fs5 fc3 sc0 lse ws71 gsb76\">\u00a3m<span class=\"_ _383\"> </span></div><div class=\"t m0 h8 ff1 fs5 fc3 sc0 lsfd ws18f gsb77\">Level 1<span class=\"_ _1\"></span> </div><div class=\"t m0 h8 ff1 fs5 fc3 sc0 lse ws71 gsb78\">\u00a3m<span class=\"_ _383\"> </span></div><div class=\"t m0 h8 ff1 fs5 fc3 sc0 lsfd ws18f gsb79\">Level 2<span class=\"_ _1\"></span> </div><div class=\"t m0 h8 ff1 fs5 fc3 sc0 lse ws71 gsb7a\">\u00a3m<span class=\"_ _383\"> </span></div><div class=\"t m0 h8 ff1 fs5 fc3 sc0 lsfd ws18f gsb7b\">Level 3<span class=\"_ _1\"></span> </div><div class=\"t m0 h8 ff1 fs5 fc3 sc0 lse ws71 gsb7c\">\u00a3m<span class=\"_ _383\"> </span></div><div class=\"t m0 h8 ff1 fs5 fc3 sc0 lse1 wse5 gsb7d\">To<span class=\"_ _1\"></span>t<span class=\"_ _2\"></span>a<span class=\"_ _1\"></span>l<span class=\"_ _2\"></span> </div><div class=\"t m0 h8 ff1 fs5 fc3 sc0 lse ws71 gsb7e\">\u00a3m<span class=\"_ _383\"> </span></div><div class=\"t m0 hc ff2 fs7 fc3 sc0 ls11 ws2 gsb7f\">Financial assets<span class=\"_ _383\"> </span></div><div class=\"t m0 hd ff1 fs7 fc3 sc0 ls11 ws2 gsb80\">Inv<span class=\"_ _6\"></span>estment securities<span class=\"_ _33a\"> </span><span class=\"lscc wscd\">168<span class=\"_ _1\"></span>.3<span class=\"_ _3b\"> </span>166<span class=\"_ _1\"></span>.<span class=\"_ _1\"></span>2<span class=\"_ _93\"> </span><span class=\"lsed wsf2\">1<span class=\"_ _1\"></span>5<span class=\"_ _1\"></span>2<span class=\"_ _2\"></span>.1<span class=\"_ _d0\"> </span><span class=\"ls9f wsbc\">15.<span class=\"_ _1\"></span>5<span class=\"_ _e5\"> </span>0.7<span class=\"_ _3b\"> </span></span></span>168.<span class=\"_ _1\"></span>3<span class=\"_ _383\"> </span></span></div><div class=\"t m0 hd ff1 fs7 fc3 sc0 ls11 ws2 gsb81\">Loans and adv<span class=\"_ _6\"></span>ances to customer<span class=\"_ _6\"></span>s<span class=\"_ _b6\"> </span><span class=\"lsc8 wsc8\">1<span class=\"_ _2\"></span>7.<span class=\"_ _0\"></span>7<span class=\"_ _1c2\"> </span><span class=\"lsf8 wsfd\">1<span class=\"_ _2\"></span>9.<span class=\"_ _2\"></span>7<span class=\"_ _35\"> </span></span></span><span class=\"ls2\">\u2013 <span class=\"_ _20e\"> </span>\u2013 <span class=\"_ _61\"> </span><span class=\"lsc8 wsc8\">1<span class=\"_ _2\"></span>7.<span class=\"_ _0\"></span>7<span class=\"_ _15e\"> </span>1<span class=\"_ _2\"></span>7.<span class=\"_ _0\"></span>7<span class=\"_ _383\"> </span></span></span></div><div class=\"t m0 hd ff1 fs7 fc3 sc0 ls11 ws2 gsb82\">Derivative asset<span class=\"_ _6\"></span>s<span class=\"_ _22c\"> </span><span class=\"ls14 ws11\">185.<span class=\"_ _1\"></span>7<span class=\"_ _a5\"> </span><span class=\"lsc5 wsc4\">1<span class=\"_ _1\"></span>2<span class=\"_ _1\"></span>,9<span class=\"_ _1\"></span>6<span class=\"_ _2\"></span>8<span class=\"_ _1\"></span>.<span class=\"_ _2\"></span>3<span class=\"_ _d9\"> </span></span></span><span class=\"ls2\">\u2013 <span class=\"_ _50\"> </span><span class=\"ls14 ws11\">18<span class=\"_ _1\"></span>5.7<span class=\"_ _d9\"> </span></span>\u2013 <span class=\"_ _50\"> </span><span class=\"ls14 ws11\">185.7</span></span></div><div class=\"t m0 hd ff1 fs7 fc3 sc0 ls2 ws2 gsb83\"> <span class=\"_ _33b\"> </span><span class=\"ls12 wsf\">371.<span class=\"_ _1\"></span>7<span class=\"_ _9a\"> </span><span class=\"ls89 wscc\">1<span class=\"_ _1\"></span>3<span class=\"_ _2\"></span>,15<span class=\"_ _2\"></span>4.<span class=\"_ _2\"></span>2<span class=\"_ _9d\"> </span><span class=\"lsed wsf2\">15<span class=\"_ _1\"></span>2<span class=\"_ _2\"></span>.1<span class=\"_ _3d\"> </span><span class=\"ls9f wsbc\">20<span class=\"_ _1\"></span>1.<span class=\"_ _1\"></span>2<span class=\"_ _d0\"> </span><span class=\"lsd7 wsd7\">1<span class=\"_ _1\"></span>8<span class=\"_ _2\"></span>.4<span class=\"_ _2ab\"> </span></span></span></span></span>37<span class=\"_ _1\"></span>1.7<span class=\"_ _383\"> </span></span></div><div class=\"t m0 hc ff2 fs7 fc3 sc0 ls11 ws2 gsb84\">Financial liabilities<span class=\"_ _383\"> </span></div><div class=\"t m0 hd ff1 fs7 fc3 sc0 ls11 ws2 gsb85\">Derivative liabilities<span class=\"_ _c2\"> </span><span class=\"lsf8 wsfd\">1<span class=\"_ _1\"></span>9.<span class=\"_ _2\"></span>7<span class=\"_ _a1\"> </span><span class=\"ls2c ws29\">7<span class=\"_ _1f6\"></span>,378.0<span class=\"_ _1cc\"> </span><span class=\"ls2 ws2\">\u2013 <span class=\"_ _254\"> </span><span class=\"lsf8 wsfd\">1<span class=\"_ _2\"></span>9.<span class=\"_ _2\"></span>7<span class=\"_ _d9\"> </span></span>\u2013 <span class=\"_ _4f\"> </span><span class=\"lsf8 wsfd\">1<span class=\"_ _2\"></span>9.<span class=\"_ _2\"></span>7<span class=\"_ _383\"> </span></span></span></span></span></div><div class=\"t m0 hd ff2 fs7 fc3 sc0 ls11 ws2 gsb86\">Le<span class=\"_ _6\"></span>vel 1:<span class=\"ff1\"> Fair values that ar<span class=\"_ _6\"></span>e based entir<span class=\"_ _6\"></span>ely on quoted mark<span class=\"_ _8\"></span>et prices (unadjusted) in an actively tr<span class=\"_ _6\"></span>aded mark<span class=\"_ _8\"></span>et for identical assets and liabilities </span></div><div class=\"t m0 hd ff1 fs7 fc3 sc0 ls11 ws2 gsb87\">that the Group has the ability to access. V<span class=\"_ _1f6\"></span>aluation adjustments and block discounts are not applie<span class=\"_ _6\"></span>d to Le<span class=\"_ _6\"></span>vel 1 ins<span class=\"_ _6\"></span>truments<span class=\"_ _6\"></span>. Since valuations are </div><div class=\"t m0 hd ff1 fs7 fc3 sc0 ls11 ws2 gsb88\">based on readily available observable mark<span class=\"_ _8\"></span>et prices, this mak<span class=\"_ _8\"></span>es them most reliable, r<span class=\"_ _6\"></span>educes the need for management judgemen<span class=\"_ _6\"></span>t and estimation </div><div class=\"t m0 hd ff1 fs7 fc3 sc0 ls11 ws2 gsb89\">and also reduces the uncertainty associated with determining fair v<span class=\"_ _6\"></span>alues. </div><div class=\"t m0 hd ff2 fs7 fc3 sc0 ls11 ws2 gsb8a\">Le<span class=\"_ _6\"></span>vel 2:<span class=\"ff1\"> Fair values that ar<span class=\"_ _6\"></span>e based on one or more quote<span class=\"_ _6\"></span>d prices in mark<span class=\"_ _6\"></span>ets that are not activ<span class=\"_ _6\"></span>e or for which all signi\ufb01can<span class=\"_ _6\"></span>t inputs are tak<span class=\"_ _8\"></span>en from </span></div><div class=\"t m0 hd ff1 fs7 fc3 sc0 ls11 ws2 gsb8b\">directly or indirectly observable mark<span class=\"_ _8\"></span>et data. These include valuation models used to calculate the pr<span class=\"_ _6\"></span>esent value o<span class=\"_ _6\"></span>f expected future c<span class=\"_ _6\"></span>ash \ufb02ows </div><div class=\"t m0 hd ff1 fs7 fc3 sc0 ls11 ws2 gsb8c\">and may be employed either when no active mark<span class=\"_ _8\"></span>et exist<span class=\"_ _6\"></span>s or when there are no quot<span class=\"_ _6\"></span>ed prices available for similar instrumen<span class=\"_ _6\"></span>ts in activ<span class=\"_ _6\"></span>e mark<span class=\"_ _6\"></span>ets<span class=\"_ _6\"></span>. </div><div class=\"t m0 hd ff2 fs7 fc3 sc0 ls11 ws2 gsb8d\">Le<span class=\"_ _6\"></span>vel 3: <span class=\"ff1\">Fair values f<span class=\"_ _6\"></span>or which any one or more signi\ufb01cant input is no<span class=\"_ _6\"></span>t based on observable mark<span class=\"_ _6\"></span>et data and the unobservable inputs have </span></div><div class=\"t m0 hd ff1 fs7 fc3 sc0 ls11 ws2 gsb8e\"><span class=\"_ _383\">a signi\ufb01cant eff</span><span class=\"_ _6\"></span>ect on the instrument<span class=\"_ _6\"></span>\u2019<span class=\"_ _8\"></span>s fair value. V<span class=\"_ _1f6\"></span>aluation models that employ signi\ufb01cant unobservable inputs require a higher degr<span class=\"_ _6\"></span>ee of </div><div class=\"t m0 hd ff1 fs7 fc3 sc0 ls11 ws2 gsb8f\">management judgement and es<span class=\"_ _6\"></span>timation in determining the fair v<span class=\"_ _6\"></span>alue. Management judgemen<span class=\"_ _6\"></span>t and estimation ar<span class=\"_ _6\"></span>e usually required f<span class=\"_ _6\"></span>or the </div><div class=\"t m0 hd ff1 fs7 fc3 sc0 ls11 ws2 gsb90\">selection of the appropriate v<span class=\"_ _6\"></span>aluation model to be used, determination of e<span class=\"_ _6\"></span>xpected future cash \ufb02o<span class=\"_ _8\"></span>ws on the \ufb01nancial instruments being valued, </div><div class=\"t m0 hd ff1 fs7 fc3 sc0 ls11 ws2 gsb91\">determination of the pr<span class=\"_ _6\"></span>obability of counterparty default and pr<span class=\"_ _6\"></span>epayments<span class=\"_ _6\"></span>, determination of e<span class=\"_ _6\"></span>xpected volatilities and correlations and the </div><div class=\"t m0 hd ff1 fs7 fc3 sc0 ls11 ws2 gsb92\">selection of appropriate discoun<span class=\"_ _6\"></span>t rates<span class=\"_ _6\"></span>. </div><div class=\"t m0 hd ff1 fs7 fc3 sc0 ls11 ws2 gsb94\">The following t<span class=\"_ _6\"></span>ables provide an analysis o<span class=\"_ _6\"></span>f \ufb01nancial assets and \ufb01nancial liabilities not measur<span class=\"_ _6\"></span>ed at fair value in the Consolidated St<span class=\"_ _6\"></span>atement of </div><div class=\"t m0 hd ff1 fs7 fc3 sc0 ls11 ws2 gsb95\">Financial Position grouped int<span class=\"_ _6\"></span>o Le<span class=\"_ _6\"></span>vels 1 to 3 based on the degr<span class=\"_ _6\"></span>ee to which the fair value is observable:<span class=\"_ _383\"> </span></div><div class=\"t m0 h3a ff2 fs5 fc3 sc0 lse ws71 gsb96\">2022<span class=\"_ _383\"> </span></div><div class=\"t m0 h3a ff2 fs5 fc3 sc0 lse ws71 gsb97\">Carrying </div><div class=\"t m0 h3a ff2 fs5 fc3 sc0 lse ws71 gsb98\">amount<span class=\"_ _383\"> </span></div><div class=\"t m0 h3a ff2 fs5 fc3 sc0 lse ws71 gsb99\">\u00a3m<span class=\"_ _383\"> </span></div><div class=\"t m0 h3a ff2 fs5 fc3 sc0 lse ws71 gsb9a\">Principal </div><div class=\"t m0 h3a ff2 fs5 fc3 sc0 lse ws71 gsb9b\">amount<span class=\"_ _383\"> </span></div><div class=\"t m0 h3a ff2 fs5 fc3 sc0 lse ws71 gsb9c\">\u00a3m<span class=\"_ _383\"> </span></div><div class=\"t m0 h3a ff2 fs5 fc3 sc0 lse ws2 gsb9d\">Estimated fair value<span class=\"_ _383\"> </span></div><div class=\"t m0 h3a ff2 fs5 fc3 sc0 ls33 ws18e gsb9e\">Level<span class=\"_ _1\"></span> 1<span class=\"_ _1\"></span> </div><div class=\"t m0 h3a ff2 fs5 fc3 sc0 lse ws71 gsb9f\">\u00a3m<span class=\"_ _383\"> </span></div><div class=\"t m0 h3a ff2 fs5 fc3 sc0 ls33 ws18e gsba0\">Level<span class=\"_ _1\"></span> 2<span class=\"_ _1\"></span> </div><div class=\"t m0 h3a ff2 fs5 fc3 sc0 lse ws71 gsba1\">\u00a3m<span class=\"_ _383\"> </span></div><div class=\"t m0 h3a ff2 fs5 fc3 sc0 ls33 ws18e gsba2\">Level<span class=\"_ _1\"></span> 3<span class=\"_ _1\"></span> </div><div class=\"t m0 h3a ff2 fs5 fc3 sc0 lse ws71 gsba3\">\u00a3m<span class=\"_ _383\"> </span></div><div class=\"t m0 h3a ff2 fs5 fc3 sc0 lsc2 wsc1 gsba4\">To<span class=\"_ _1\"></span>t<span class=\"_ _2\"></span>a<span class=\"_ _1\"></span>l<span class=\"_ _2\"></span> </div><div class=\"t m0 h3a ff2 fs5 fc3 sc0 lse ws71 gsba5\">\u00a3m<span class=\"_ _383\"> </span></div><div class=\"t m0 hc ff2 fs7 fc3 sc0 ls11 ws2 gsba6\">Financial assets<span class=\"_ _30b\"> </span><span class=\"ls2\"> <span class=\"_ _11a\"> </span> <span class=\"_ _11a\"> </span> <span class=\"_ _11a\"> </span> <span class=\"_ _11a\"> </span> <span class=\"_ _11a\"> </span> </span></div><div class=\"t m0 hd ff1 fs7 fc3 sc0 ls11 ws2 gsba7\">Cash in hand<span class=\"_ _f0\"> </span><span class=\"ff2 ls81 wsdf\">0<span class=\"_ _1\"></span>.4<span class=\"_ _15c\"> </span>0<span class=\"_ _1\"></span>.4<span class=\"_ _d9\"> </span><span class=\"ls2 ws2\">\u2013 <span class=\"_ _61\"> </span></span>0<span class=\"_ _1\"></span>.4<span class=\"_ _d9\"> </span><span class=\"ls2 ws2\">\u2013 <span class=\"_ _61\"> </span></span>0<span class=\"_ _1\"></span>.4<span class=\"_ _383\"> </span></span></div><div class=\"t m0 hd ff1 fs7 fc3 sc0 ls11 ws2 gsba8\">Loans and adv<span class=\"_ _6\"></span>ances to credit institutions<span class=\"_ _a\"> </span><span class=\"ff2 lsf9 ws82\">3,365.7<span class=\"_ _6c\"> </span><span class=\"ls2 ws2\">3,360.<span class=\"_ _8\"></span>9<span class=\"_ _1cc\"> </span>\u2013 <span class=\"_ _19f\"> </span><span class=\"lsf9 ws82\">3,365.7<span class=\"_ _116\"> </span></span>\u2013 <span class=\"_ _19f\"> </span><span class=\"lsf9 ws82\">3,365.7<span class=\"_ _383\"> </span></span></span></span></div><div class=\"t m0 hd ff1 fs7 fc3 sc0 ls11 ws2 gsba9\">Inv<span class=\"_ _6\"></span>estment securities<span class=\"_ _17a\"> </span><span class=\"ff2 ls12 wsf\">262.<span class=\"_ _1\"></span>6<span class=\"_ _91\"> </span><span class=\"lsc3 wsc2\">2<span class=\"_ _1\"></span>6<span class=\"_ _2\"></span>2<span class=\"_ _1\"></span>.1<span class=\"_ _d9\"> </span><span class=\"ls2 ws2\">\u2013<span class=\"_ _8c\"> </span><span class=\"lsc9 wsc9\">26<span class=\"_ _1\"></span>0.5<span class=\"_ _1cc\"> </span></span>\u2013<span class=\"_ _98\"> </span><span class=\"lsc9 wsc9\">260.5<span class=\"_ _383\"> </span></span></span></span></span></div><div class=\"t m0 hd ff1 fs7 fc3 sc0 ls11 ws2 gsbaa\">Loans and adv<span class=\"_ _6\"></span>ances to customer<span class=\"_ _6\"></span>s<span class=\"_ _19c\"> </span><span class=\"ff2 lscd wsce\">23,598<span class=\"_ _1\"></span>.<span class=\"_ _6\"></span>1<span class=\"_ _fc\"> </span><span class=\"ls2 ws2\">23,646.2<span class=\"_ _116\"> </span>\u2013 <span class=\"_ _a5\"> </span><span class=\"ls7d wse2\">2,515.0<span class=\"_ _a2\"> </span><span class=\"ls14 ws11\">20,<span class=\"_ _1\"></span>231.0<span class=\"_ _fc\"> </span><span class=\"ls7e ws16\">22,7<span class=\"_ _1\"></span>46<span class=\"_ _1\"></span>.0<span class=\"_ _383\"> </span></span></span></span></span></span></div><div class=\"t m0 hd ff1 fs7 fc3 sc0 ls11 ws2 gsbab\">Other assets</div><div class=\"t m0 h1f ff1 fsf fc3 sc0 ls2 ws2 gsbac\">1<span class=\"_ _383\"> </span></div><div class=\"t m0 hc ff2 fs7 fc3 sc0 ls14 ws11 gsbad\">1.8<span class=\"_ _8b\"> </span>1.8<span class=\"_ _d9\"> </span><span class=\"ls2 ws2\">\u2013 <span class=\"_ _b2\"> </span></span>1.8<span class=\"_ _1cc\"> </span><span class=\"ls2 ws2\">\u2013 <span class=\"_ _63\"> </span></span>1.8</div><div class=\"t m0 hd ff1 fs7 fc3 sc0 ls2 ws2 gsbae\"> <span class=\"_ _2ae\"> </span><span class=\"ff2 lse4 wse9\">2<span class=\"_ _2\"></span>7,<span class=\"_ _3\"> </span>2<span class=\"_ _2\"></span>2<span class=\"_ _0\"> </span>8<span class=\"_ _0\"></span>.<span class=\"_ _0\"></span>6<span class=\"_ _88\"> </span><span class=\"lse3 wse7\">27<span class=\"_ _8\"></span>,271.4<span class=\"_ _1cc\"> </span><span class=\"ls2 ws2\">\u2013<span class=\"_ _121\"> </span><span class=\"ls2c ws29\">6,<span class=\"_ _6\"></span>143.<span class=\"_ _6\"></span>4<span class=\"_ _a2\"> </span><span class=\"ls14 ws11\">20,<span class=\"_ _1\"></span>231.0<span class=\"_ _a2\"> </span><span class=\"ls81 wsdf\">2<span class=\"_ _1\"></span>6<span class=\"_ _1\"></span>,<span class=\"_ _1\"></span>3<span class=\"_ _1\"></span>7<span class=\"_ _1\"></span>4<span class=\"_ _1\"></span>.4<span class=\"_ _383\"> </span></span></span></span></span></span></span></div><div class=\"t m0 hc ff2 fs7 fc3 sc0 ls11 ws2 gsbaf\">Financial liabilities<span class=\"_ _339\"> </span><span class=\"ls2\"> <span class=\"_ _11a\"> </span> <span class=\"_ _11a\"> </span> <span class=\"_ _21a\"> </span> <span class=\"_ _11a\"> </span> <span class=\"_ _11a\"> </span> </span></div><div class=\"t m0 hd ff1 fs7 fc3 sc0 ls11 ws2 gsbb0\">Amounts o<span class=\"_ _6\"></span>wed to r<span class=\"_ _6\"></span>etail depositor<span class=\"_ _6\"></span>s<span class=\"_ _19a\"> </span><span class=\"ff2 lsd3 ws86\">19<span class=\"_ _1f6\"></span>,755.8<span class=\"_ _67\"> </span><span class=\"ls11 ws6e\">19<span class=\"_ _6\"></span>,620.8<span class=\"_ _d9\"> </span><span class=\"ls2 ws2\">\u2013<span class=\"_ _6c\"> </span><span class=\"lse5 wsea\">5,<span class=\"_ _1\"></span>7<span class=\"_ _2\"></span>70.<span class=\"_ _1\"></span>3<span class=\"_ _a6\"> </span><span class=\"lscd wsce\">13,922.7<span class=\"_ _67\"> </span><span class=\"ls16c ws189\">1<span class=\"_ _2\"></span>9,<span class=\"_ _1\"></span>6<span class=\"_ _2\"></span>9<span class=\"_ _2\"></span>3<span class=\"_ _1\"></span>.<span class=\"_ _2\"></span>0<span class=\"_ _383\"> </span></span></span></span></span></span></span></div><div class=\"t m0 hd ff1 fs7 fc3 sc0 ls11 ws2 gsbb1\">Amounts o<span class=\"_ _6\"></span>wed to cr<span class=\"_ _6\"></span>edit institutions<span class=\"_ _ae\"> </span><span class=\"ff2 lsc5 wsc4\">5<span class=\"_ _1\"></span>,<span class=\"_ _1\"></span>0<span class=\"_ _1\"></span>9<span class=\"_ _1\"></span>2<span class=\"_ _2\"></span>.9<span class=\"_ _d\"> </span><span class=\"lsc4 wsc3\">5<span class=\"_ _0\"></span>,<span class=\"_ _2\"></span>0<span class=\"_ _0\"> </span>5<span class=\"_ _0\"></span>7.<span class=\"_ _0\"></span>8<span class=\"_ _35\"> </span><span class=\"ls2 ws2\">\u2013 <span class=\"_ _aa\"> </span></span></span>5<span class=\"_ _1\"></span>,<span class=\"_ _1\"></span>0<span class=\"_ _2\"></span>9<span class=\"_ _1\"></span>2<span class=\"_ _2\"></span>.9<span class=\"_ _d9\"> </span><span class=\"ls2 ws2\">\u2013 <span class=\"_ _aa\"> </span></span>5<span class=\"_ _1\"></span>,<span class=\"_ _1\"></span>0<span class=\"_ _1\"></span>9<span class=\"_ _1\"></span>2<span class=\"_ _2\"></span>.9<span class=\"_ _383\"> </span></span></div><div class=\"t m0 hd ff1 fs7 fc3 sc0 ls11 ws2 gsbb2\">Amounts o<span class=\"_ _6\"></span>wed to o<span class=\"_ _6\"></span>ther customer<span class=\"_ _6\"></span>s<span class=\"_ _102\"> </span><span class=\"ff2 lsc3 wsc2\">11<span class=\"_ _1\"></span>3<span class=\"_ _2\"></span>.1<span class=\"_ _93\"> </span>1<span class=\"_ _1\"></span>1<span class=\"_ _1\"></span>2<span class=\"_ _2\"></span>.1<span class=\"_ _d9\"> </span><span class=\"ls2 ws2\">\u2013 <span class=\"_ _20e\"> </span>\u2013 <span class=\"_ _3d\"> </span></span>1<span class=\"_ _1\"></span>1<span class=\"_ _2\"></span>3<span class=\"_ _1\"></span>.1<span class=\"_ _9d\"> </span>11<span class=\"_ _2\"></span>3<span class=\"_ _1\"></span>.1<span class=\"_ _383\"> </span></span></div><div class=\"t m0 hd ff1 fs7 fc3 sc0 ls11 ws2 gsbb3\">Debt securities in issue<span class=\"_ _2b0\"> </span><span class=\"ff2 lsc5 wsc4\">2<span class=\"_ _2\"></span>6<span class=\"_ _1\"></span>5<span class=\"_ _1\"></span>.9<span class=\"_ _86\"> </span><span class=\"ls81 wsdf\">2<span class=\"_ _1\"></span>6<span class=\"_ _1\"></span>5<span class=\"_ _1\"></span>.4<span class=\"_ _d9\"> </span><span class=\"ls2 ws2\">\u2013 <span class=\"_ _122\"> </span></span></span>2<span class=\"_ _1\"></span>6<span class=\"_ _1\"></span>5<span class=\"_ _1\"></span>.9<span class=\"_ _d9\"> </span><span class=\"ls2 ws2\">\u2013 <span class=\"_ _74\"> </span></span>26<span class=\"_ _2\"></span>5<span class=\"_ _1\"></span>.9<span class=\"_ _383\"> </span></span></div><div class=\"t m0 hd ff1 fs7 fc3 sc0 ls11 ws2 gsbb4\">Other liabilities</div><div class=\"t m0 h1f ff1 fsf fc3 sc0 ls2 ws2 gsbb5\">2<span class=\"_ _383\"> </span></div><div class=\"t m0 hc ff2 fs7 fc3 sc0 lsc3 wsc2 gsbb6\">3<span class=\"_ _1\"></span>8<span class=\"_ _2\"></span>.1<span class=\"_ _4f\"> </span>3<span class=\"_ _2\"></span>8<span class=\"_ _1\"></span>.1<span class=\"_ _d9\"> </span><span class=\"ls2 ws2\">\u2013 <span class=\"_ _59\"> </span></span>3<span class=\"_ _1\"></span>8<span class=\"_ _2\"></span>.1<span class=\"_ _d9\"> </span><span class=\"ls2 ws2\">\u2013 <span class=\"_ _2ab\"> </span></span>3<span class=\"_ _2\"></span>8<span class=\"_ _2\"></span>.1<span class=\"_ _383\"> </span></div><div class=\"t m0 hd ff1 fs7 fc3 sc0 ls11 ws2 gsbb7\">Subordinated liabilities<span class=\"_ _300\"> </span><span class=\"ff2 ls2\">\u2013 <span class=\"_ _3f\"> </span>\u2013 <span class=\"_ _20e\"> </span>\u2013 <span class=\"_ _3f\"> </span>\u2013 <span class=\"_ _20e\"> </span>\u2013 <span class=\"_ _3f\"> </span>\u2013 </span></div><div class=\"t m0 hd ff1 fs7 fc3 sc0 ls11 ws6e gsbb8\">PSBs<span class=\"_ _2b1\"> </span><span class=\"ff2 lscd wsce\">15.2<span class=\"_ _55\"> </span><span class=\"ls7e ws16\">15.0<span class=\"_ _55\"> </span>14.0<span class=\"_ _1cc\"> </span><span class=\"ls2 ws2\">\u2013 <span class=\"_ _3f\"> </span>\u2013 <span class=\"_ _5c\"> </span></span>14.0</span></span></div><div class=\"t m0 hd ff1 fs7 fc3 sc0 ls2 ws2 gsbb9\"> <span class=\"_ _2ae\"> </span><span class=\"ff2 ls14 ws11\">25<span class=\"_ _1\"></span>,2<span class=\"_ _1\"></span>81.0<span class=\"_ _1fe\"> </span><span class=\"lsc6 wsc5\">2<span class=\"_ _2\"></span>5<span class=\"_ _2\"></span>,1<span class=\"_ _2\"></span>0<span class=\"_ _2\"></span>9.<span class=\"_ _2\"></span>2<span class=\"_ _254\"> </span><span class=\"ls7e ws16\">14.0<span class=\"_ _6e\"> </span><span class=\"lsc4 wsc3\">1<span class=\"_ _2\"></span>1<span class=\"_ _0\"></span>,<span class=\"_ _1\"></span>1<span class=\"_ _0\"></span>6<span class=\"_ _2\"></span>7.<span class=\"_ _0\"></span>2<span class=\"_ _67\"> </span><span class=\"lsd3 ws86\">14,035<span class=\"_ _6\"></span>.8<span class=\"_ _67\"> </span><span class=\"lsc4 wsc3\">2<span class=\"_ _0\"> </span>5<span class=\"_ _0\"></span>,<span class=\"_ _3\"> </span>2<span class=\"_ _2\"></span>1<span class=\"_ _0\"></span>7.<span class=\"_ _2\"></span>0<span class=\"_ _383\"> </span></span></span></span></span></span></span></div><div class=\"t m0 h8 ff1 fs5 fc3 sc0 ls16a wsb2 gsbba\">1.<span class=\"_ _6\"></span> <span class=\"_ _41\"> </span>Balance ex<span class=\"_ _6\"></span>cludes prepa<span class=\"_ _6\"></span>yments.<span class=\"_ _383\"> </span></div><div class=\"t m0 h8 ff1 fs5 fc3 sc0 ls16a wsb2 gsbbb\">2. <span class=\"_ _149\"> </span>Balance exc<span class=\"_ _6\"></span>ludes defer<span class=\"_ _6\"></span>red income.<span class=\"_ _383\"> </span></div><div class=\"t m0 h8 ff1 fs5 fc3 sc0 lse ws71 gsbbc\">2021<span class=\"_ _383\"> </span></div><div class=\"t m0 h8 ff1 fs5 fc3 sc0 lse ws71 gsbbd\">Carrying </div><div class=\"t m0 h8 ff1 fs5 fc3 sc0 lse ws71 gsbbe\">amount<span class=\"_ _383\"> </span></div><div class=\"t m0 h8 ff1 fs5 fc3 sc0 lse ws71 gsbbf\">\u00a3m<span class=\"_ _383\"> </span></div><div class=\"t m0 h8 ff1 fs5 fc3 sc0 lse ws71 gsbc0\">Principal </div><div class=\"t m0 h8 ff1 fs5 fc3 sc0 lse ws71 gsbc1\">amount<span class=\"_ _383\"> </span></div><div class=\"t m0 h8 ff1 fs5 fc3 sc0 lse ws71 gsbc2\">\u00a3m<span class=\"_ _383\"> </span></div><div class=\"t m0 h8 ff1 fs5 fc3 sc0 lse ws2 gsbc3\">Estimated fair v<span class=\"_ _6\"></span>alue<span class=\"_ _383\"> </span></div><div class=\"t m0 h8 ff1 fs5 fc3 sc0 lsfd ws18f gsbc4\">Level 1<span class=\"_ _1\"></span> </div><div class=\"t m0 h8 ff1 fs5 fc3 sc0 lse ws71 gsbc5\">\u00a3m<span class=\"_ _383\"> </span></div><div class=\"t m0 h8 ff1 fs5 fc3 sc0 lsfd ws18f gsbc6\">Level 2<span class=\"_ _1\"></span> </div><div class=\"t m0 h8 ff1 fs5 fc3 sc0 lse ws71 gsbc7\">\u00a3m<span class=\"_ _383\"> </span></div><div class=\"t m0 h8 ff1 fs5 fc3 sc0 lsfd ws18f gsbc8\">Level 3<span class=\"_ _1\"></span> </div><div class=\"t m0 h8 ff1 fs5 fc3 sc0 lse ws71 gsbc9\">\u00a3m<span class=\"_ _383\"> </span></div><div class=\"t m0 h8 ff1 fs5 fc3 sc0 lse1 wse5 gsbca\">To<span class=\"_ _1\"></span>t<span class=\"_ _2\"></span>a<span class=\"_ _1\"></span>l<span class=\"_ _2\"></span> </div><div class=\"t m0 h8 ff1 fs5 fc3 sc0 lse ws71 gsbcb\">\u00a3m<span class=\"_ _383\"> </span></div><div class=\"t m0 hc ff2 fs7 fc3 sc0 ls11 ws2 gsbcc\">Financial assets<span class=\"_ _383\"> </span></div><div class=\"t m0 hd ff1 fs7 fc3 sc0 ls11 ws2 gsbcd\">Cash in hand<span class=\"_ _2b4\"> </span><span class=\"ls9f wsbc\">0.5<span class=\"_ _15e\"> </span>0.5<span class=\"_ _d9\"> </span></span><span class=\"ls2\">\u2013 <span class=\"_ _37\"> </span><span class=\"ls9f wsbc\">0.5<span class=\"_ _d9\"> </span></span>\u2013 <span class=\"_ _37\"> </span><span class=\"ls9f wsbc\">0.5<span class=\"_ _383\"> </span></span></span></div><div class=\"t m0 hd ff1 fs7 fc3 sc0 ls11 ws2 gsbce\">Loans and adv<span class=\"_ _6\"></span>ances to credit institutions<span class=\"_ _128\"> </span><span class=\"ls2c ws29\">2,843.6<span class=\"_ _6e\"> </span>2,843.6<span class=\"_ _1cc\"> </span></span><span class=\"ls2\">\u2013 <span class=\"_ _a5\"> </span><span class=\"ls2c ws29\">2,843.6<span class=\"_ _1cc\"> </span></span>\u2013 <span class=\"_ _89\"> </span><span class=\"ls2c ws29\">2,843.6<span class=\"_ _383\"> </span></span></span></div><div class=\"t m0 hd ff1 fs7 fc3 sc0 ls11 ws2 gsbcf\">Inv<span class=\"_ _6\"></span>estment securities<span class=\"_ _29f\"> </span><span class=\"lsed wsf2\">3<span class=\"_ _1\"></span>2<span class=\"_ _2\"></span>3<span class=\"_ _1\"></span>.1<span class=\"_ _3e\"> </span><span class=\"ls86 wsf1\">3<span class=\"_ _2\"></span>2<span class=\"_ _1\"></span>2<span class=\"_ _2\"></span>.9<span class=\"_ _d9\"> </span></span></span><span class=\"ls2\">\u2013 <span class=\"_ _70\"> </span><span class=\"ls54 ws55\">323.8<span class=\"_ _d9\"> </span></span>\u2013 <span class=\"_ _70\"> </span><span class=\"ls54 ws55\">323.8<span class=\"_ _383\"> </span></span></span></div><div class=\"t m0 hd ff1 fs7 fc3 sc0 ls11 ws2 gsbd0\">Loans and adv<span class=\"_ _6\"></span>ances to customer<span class=\"_ _6\"></span>s<span class=\"_ _33c\"> </span><span class=\"lsc9 wsc9\">21,0<span class=\"_ _1\"></span>62.6<span class=\"_ _66\"> </span><span class=\"lsd5 wsd5\">2<span class=\"_ _2\"></span>1<span class=\"_ _1\"></span>,<span class=\"_ _1\"></span>0<span class=\"_ _1\"></span>76<span class=\"_ _2\"></span>.<span class=\"_ _1\"></span>7<span class=\"_ _35\"> </span></span></span><span class=\"ls2\">\u2013 <span class=\"_ _a5\"> </span><span class=\"ls2c ws29\">3,323.0<span class=\"_ _66\"> </span><span class=\"ls6f ws75\">17<span class=\"_ _9\"></span>,7<span class=\"_ _1\"></span>56.5<span class=\"_ _6c\"> </span><span class=\"lsf8 wsfd\">2<span class=\"_ _2\"></span>1<span class=\"_ _1\"></span>,<span class=\"_ _2\"></span>0<span class=\"_ _1\"></span>7<span class=\"_ _2\"></span>9.<span class=\"_ _2\"></span>5<span class=\"_ _383\"> </span></span></span></span></span></div><div class=\"t m0 hd ff1 fs7 fc3 sc0 ls11 ws2 gsbd1\">Other assets</div><div class=\"t m0 h1f ff1 fsf fc3 sc0 ls2 ws2 gsbd2\">1<span class=\"_ _383\"> </span></div><div class=\"t m0 hd ff1 fs7 fc3 sc0 ls86 wsf1 gsbd3\">0<span class=\"_ _1\"></span>.9<span class=\"_ _8b\"> </span>0<span class=\"_ _1\"></span>.9<span class=\"_ _35\"> </span><span class=\"ls2 ws2\">\u2013 <span class=\"_ _57\"> </span></span>0<span class=\"_ _1\"></span>.9<span class=\"_ _d9\"> </span><span class=\"ls2 ws2\">\u2013 <span class=\"_ _b2\"> </span></span>0<span class=\"_ _1\"></span>.9</div><div class=\"t m0 hd ff1 fs7 fc3 sc0 ls2 ws2 gsbd4\"> <span class=\"_ _79\"> </span><span class=\"ls88 wse3\">24,2<span class=\"_ _1\"></span>3<span class=\"_ _1\"></span>0.7<span class=\"_ _aa\"> </span>24,2<span class=\"_ _1\"></span>44.<span class=\"_ _1\"></span>6<span class=\"_ _d9\"> </span></span>\u2013 <span class=\"_ _6e\"> </span><span class=\"lsd7 wsd7\">6<span class=\"_ _2\"></span>,4<span class=\"_ _1\"></span>9<span class=\"_ _2\"></span>1<span class=\"_ _1\"></span>.<span class=\"_ _1\"></span>8<span class=\"_ _d\"> </span><span class=\"ls6f ws75\">17<span class=\"_ _9\"></span>,7<span class=\"_ _1\"></span>56.5<span class=\"_ _fd\"> </span><span class=\"lscd wsce\">24,24<span class=\"_ _1\"></span>8.3<span class=\"_ _383\"> </span></span></span></span></div><div class=\"t m0 hc ff2 fs7 fc3 sc0 ls11 ws2 gsbd5\">Financial liabilities<span class=\"_ _383\"> </span></div><div class=\"t m0 hd ff1 fs7 fc3 sc0 ls11 ws2 gsbd6\">Amounts o<span class=\"_ _6\"></span>wed to r<span class=\"_ _6\"></span>etail depositor<span class=\"_ _6\"></span>s<span class=\"_ _95\"> </span><span class=\"lsc8 wsc8\">1<span class=\"_ _2\"></span>7,<span class=\"_ _0\"></span>5<span class=\"_ _0\"></span>2<span class=\"_ _2\"></span>6<span class=\"_ _0\"></span>.<span class=\"_ _2\"></span>4<span class=\"_ _121\"> </span>1<span class=\"_ _2\"></span>7,<span class=\"_ _2\"></span>4<span class=\"_ _0\"></span>6<span class=\"_ _0\"></span>9<span class=\"_ _1\"></span>.<span class=\"_ _0\"></span>0<span class=\"_ _35\"> </span></span><span class=\"ls2\">\u2013 <span class=\"_ _d\"> </span><span class=\"lsff ws91\">6,601.3<span class=\"_ _1a\"> </span><span class=\"lsc5 wsc4\">1<span class=\"_ _2\"></span>0<span class=\"_ _1\"></span>,9<span class=\"_ _1\"></span>2<span class=\"_ _1\"></span>3<span class=\"_ _2\"></span>.<span class=\"_ _1\"></span>6<span class=\"_ _6e\"> </span><span class=\"lsc8 wsc8\">1<span class=\"_ _2\"></span>7,<span class=\"_ _0\"></span>5<span class=\"_ _0\"></span>2<span class=\"_ _2\"></span>4<span class=\"_ _0\"></span>.<span class=\"_ _1\"></span>9<span class=\"_ _383\"> </span></span></span></span></span></div><div class=\"t m0 hd ff1 fs7 fc3 sc0 ls11 ws2 gsbd7\">Amounts o<span class=\"_ _6\"></span>wed to cr<span class=\"_ _6\"></span>edit institutions<span class=\"_ _179\"> </span><span class=\"lsf8 wsfd\">4,<span class=\"_ _0\"></span>3<span class=\"_ _2\"></span>1<span class=\"_ _1\"></span>9.<span class=\"_ _2\"></span>6<span class=\"_ _76\"> </span><span class=\"ls2c ws29\">4,318.<span class=\"_ _6\"></span>5<span class=\"_ _1cc\"> </span><span class=\"ls2 ws2\">\u2013 <span class=\"_ _d2\"> </span><span class=\"lsf8 wsfd\">4<span class=\"_ _1\"></span>,<span class=\"_ _2\"></span>3<span class=\"_ _2\"></span>1<span class=\"_ _2\"></span>9.<span class=\"_ _2\"></span>6<span class=\"_ _35\"> </span></span>\u2013 <span class=\"_ _6b\"> </span><span class=\"lsf8 wsfd\">4<span class=\"_ _2\"></span>,<span class=\"_ _2\"></span>3<span class=\"_ _2\"></span>1<span class=\"_ _1\"></span>9.<span class=\"_ _2\"></span>6<span class=\"_ _383\"> </span></span></span></span></span></div><div class=\"t m0 hd ff1 fs7 fc3 sc0 ls11 ws2 gsbd8\">Amounts o<span class=\"_ _6\"></span>wed to o<span class=\"_ _6\"></span>ther customer<span class=\"_ _6\"></span>s<span class=\"_ _ef\"> </span><span class=\"ls14 ws11\">92.6<span class=\"_ _55\"> </span>92.5<span class=\"_ _d9\"> </span></span><span class=\"ls2\">\u2013 <span class=\"_ _20e\"> </span>\u2013 <span class=\"_ _5c\"> </span><span class=\"ls14 ws11\">92.6<span class=\"_ _55\"> </span>92.<span class=\"_ _1\"></span>6<span class=\"_ _383\"> </span></span></span></div><div class=\"t m0 hd ff1 fs7 fc3 sc0 ls11 ws2 gsbd9\">Debt securities in issue<span class=\"_ _2c6\"> </span><span class=\"ls9f wsbc\">460.3<span class=\"_ _50\"> </span>4<span class=\"_ _1\"></span>60.<span class=\"_ _1\"></span>2<span class=\"_ _d9\"> </span></span><span class=\"ls2\">\u2013 <span class=\"_ _74\"> </span><span class=\"ls9f wsbc\">4<span class=\"_ _1\"></span>60.3<span class=\"_ _d9\"> </span></span>\u2013 <span class=\"_ _83\"> </span><span class=\"ls9f wsbc\">46<span class=\"_ _1\"></span>0.3<span class=\"_ _383\"> </span></span></span></div><div class=\"t m0 hd ff1 fs7 fc3 sc0 ls11 ws2 gsbda\">Other liabilities</div><div class=\"t m0 h1f ff1 fsf fc3 sc0 ls2 ws2 gsbdb\">2<span class=\"_ _383\"> </span></div><div class=\"t m0 hd ff1 fs7 fc3 sc0 ls54 ws55 gsbdc\">28.8<span class=\"_ _55\"> </span>28.8<span class=\"_ _1cc\"> </span><span class=\"ls2 ws2\">\u2013 <span class=\"_ _e8\"> </span></span>28<span class=\"_ _1\"></span>.8<span class=\"_ _d9\"> </span><span class=\"ls2 ws2\">\u2013 <span class=\"_ _e8\"> </span></span>28.8<span class=\"_ _383\"> </span></div><div class=\"t m0 hd ff1 fs7 fc3 sc0 ls11 ws2 gsbdd\">Subordinated liabilities<span class=\"_ _17a\"> </span><span class=\"ls9f wsbc\">10.3<span class=\"_ _63\"> </span><span class=\"lsed wsf2\">1<span class=\"_ _2\"></span>0.1<span class=\"_ _d9\"> </span></span></span><span class=\"ls2\">\u2013 <span class=\"_ _3f\"> </span>\u2013 <span class=\"_ _9d\"> </span><span class=\"ls9f wsbc\">10.6<span class=\"_ _61\"> </span>10.6<span class=\"_ _383\"> </span></span></span></div><div class=\"t m0 hd ff1 fs7 fc3 sc0 ls11 ws6e gsbde\">PSBs<span class=\"_ _10c\"> </span><span class=\"ls9f wsbc\">15.<span class=\"_ _1\"></span>2<span class=\"_ _61\"> </span></span>15.0<span class=\"_ _1b4\"> </span><span class=\"ls88 wse3\">14.<span class=\"_ _1\"></span>7<span class=\"_ _d9\"> </span><span class=\"ls2 ws2\">\u2013 <span class=\"_ _20e\"> </span>\u2013 <span class=\"_ _55\"> </span></span>14.<span class=\"_ _1\"></span>7</span></div><div class=\"t m0 hd ff1 fs7 fc3 sc0 ls2 ws2 gsbdf\"> <span class=\"_ _33d\"> </span><span class=\"lsd7 wsd7\">2<span class=\"_ _1\"></span>2<span class=\"_ _1\"></span>,4<span class=\"_ _2\"></span>5<span class=\"_ _1\"></span>3<span class=\"_ _2\"></span>.<span class=\"_ _1\"></span>2<span class=\"_ _89\"> </span></span>22,394.<span class=\"_ _6\"></span>1<span class=\"_ _37\"> </span><span class=\"ls88 wse3\">1<span class=\"_ _1\"></span>4.7<span class=\"_ _40\"> </span><span class=\"ls9f wsbc\">11,<span class=\"_ _8\"></span>410.0<span class=\"_ _66\"> </span><span class=\"ls7a wsa1\">1<span class=\"_ _6\"></span>1,026.8<span class=\"_ _1a\"> </span><span class=\"lsd7 wsd7\">2<span class=\"_ _1\"></span>2<span class=\"_ _2\"></span>,4<span class=\"_ _1\"></span>5<span class=\"_ _1\"></span>1<span class=\"_ _1\"></span>.<span class=\"_ _1\"></span>5<span class=\"_ _383\"> </span></span></span></span></span></div><div class=\"t m0 h8 ff1 fs5 fc3 sc0 ls16a wsb2 gsbe0\">1.<span class=\"_ _6\"></span> <span class=\"_ _41\"> </span>Balance ex<span class=\"_ _6\"></span>cludes prepa<span class=\"_ _6\"></span>yments.<span class=\"_ _383\"> </span></div><div class=\"t m0 h8 ff1 fs5 fc3 sc0 ls16a wsb2 gsbe1\">2. <span class=\"_ _149\"> </span>Balance exc<span class=\"_ _6\"></span>ludes defer<span class=\"_ _6\"></span>red income.<span class=\"_ _383\"> </span></div><div class=\"t m0 hc ff2 fs7 fc2 sc0 ls2 ws2 gsbe2\">47<span class=\"_ _9\"></span><span class=\"_ _383\">.\u2002P</span><span class=\"_ _1\"></span>ensi<span class=\"_ _1\"></span>on sc<span class=\"_ _1\"></span>hem<span class=\"_ _1\"></span>e<span class=\"_ _383\"> </span></div><div class=\"t m0 hc ff2 fs7 fc3 sc0 ls2 ws2 gsbe3\">De\ufb01<span class=\"_ _1\"></span>ne<span class=\"_ _1\"></span>d cont<span class=\"_ _1\"></span>ributi<span class=\"_ _1\"></span>on sc<span class=\"_ _1\"></span>hem<span class=\"_ _1\"></span>e<span class=\"_ _383\"> </span></div><div class=\"t m0 hd ff1 fs7 fc3 sc0 ls11 ws2 gsbe4\">The amount char<span class=\"_ _6\"></span>ged to pro\ufb01t or loss in r<span class=\"_ _6\"></span>espect of contributions to the Gr<span class=\"_ _6\"></span>oup<span class=\"_ _6\"></span>\u2019<span class=\"_ _8\"></span>s de\ufb01ned contribution and stak<span class=\"_ _8\"></span>eholder pension arrangemen<span class=\"_ _6\"></span>ts is the </div><div class=\"t m0 hd ff1 fs7 fc3 sc0 ls11 ws2 gsbe5\">contribution payable in the period. The total pension cos<span class=\"_ _6\"></span>t in the year amounted to \u00a34<span class=\"_ _8\"></span>.<span class=\"_ _8\"></span>4m (2021: \u00a35<span class=\"_ _6\"></span>.2m).<span class=\"_ _383\"> </span></div><div class=\"t m0 hc ff2 fs7 fc2 sc0 ls2 ws2 gsbe7\"><span class=\"_ _383\">48.\u2002Op</span><span class=\"_ _1\"></span>er<span class=\"_ _1\"></span>ating s<span class=\"_ _1\"></span>egm<span class=\"_ _1\"></span>ent<span class=\"_ _1\"></span>s<span class=\"_ _383\"> </span></div><div class=\"t m0 hd ff1 fs7 fc3 sc0 ls11 ws2 gsbe8\">The Group segment<span class=\"_ _6\"></span>s its lending business and operates under tw<span class=\"_ _8\"></span>o segments in line with internal reporting to the Board: </div><div class=\"t m0 hd ff1 fs7 fc3 sc0 ls11 ws6e gsbe9\">\u2022 <span class=\"_ _124\"> </span><span class=\"ls68 ws6f\">OS<span class=\"_ _1\"></span>B<span class=\"_ _383\"> </span></span></div><div class=\"t m0 hd ff1 fs7 fc3 sc0 ls11 ws6e gsbea\">\u2022 <span class=\"_ _124\"> </span>CCFS<span class=\"_ _383\"> </span></div><div class=\"t m0 hd ff1 fs7 fc3 sc0 ls11 ws2 gsbeb\">The Group separ<span class=\"_ _6\"></span>ately discloses the impact of Combination accounting but does not consider this a business segment.<span class=\"_ _383\"> </span></div><div class=\"t m0 hd ff1 fs7 fc3 sc0 ls11 ws2 gsbec\">The \ufb01nancial position and results of oper<span class=\"_ _8\"></span>ations of the above segmen<span class=\"_ _6\"></span>ts are summarised belo<span class=\"_ _6\"></span>w:<span class=\"_ _383\"> </span></div><div class=\"t m0 h3a ff2 fs5 fc3 sc0 lse ws71 gsbed\">2022<span class=\"_ _383\"> </span></div><div class=\"t m0 h3a ff2 fs5 fc3 sc0 ls125 ws135 gsbee\">OSB<span class=\"_ _383\"> </span></div><div class=\"t m0 h3a ff2 fs5 fc3 sc0 lse ws71 gsbef\">\u00a3m<span class=\"_ _383\"> </span></div><div class=\"t m0 h3a ff2 fs5 fc3 sc0 ls62 ws187 gsbf0\">CCFS<span class=\"_ _383\"> </span></div><div class=\"t m0 h3a ff2 fs5 fc3 sc0 lse ws71 gsbf1\">\u00a3m<span class=\"_ _383\"> </span></div><div class=\"t m0 h3a ff2 fs5 fc3 sc0 lse ws71 gsbf2\">Combination<span class=\"_ _383\"> </span></div><div class=\"t m0 h3a ff2 fs5 fc3 sc0 lse ws71 gsbf3\">\u00a3m<span class=\"_ _383\"> </span></div><div class=\"t m0 h3a ff2 fs5 fc3 sc0 lsc2 wsc1 gsbf4\">To<span class=\"_ _1\"></span>t<span class=\"_ _2\"></span>a<span class=\"_ _1\"></span>l<span class=\"_ _383\"> </span></div><div class=\"t m0 h3a ff2 fs5 fc3 sc0 lse ws71 gsbf5\">\u00a3m<span class=\"_ _383\"> </span></div><div class=\"t m0 hc ff2 fs7 fc3 sc0 ls11 ws2 gsbf6\">Balances at the repor<span class=\"_ _1\"></span>ting date<span class=\"_ _33e\"> </span><span class=\"ls2\"> <span class=\"_ _11a\"> </span> <span class=\"_ _11a\"> </span> <span class=\"_ _21a\"> </span> </span></div><div class=\"t m0 hd ff1 fs7 fc3 sc0 ls11 ws2 gsbf7\">Gross loans and advances to cus<span class=\"_ _6\"></span>tomers<span class=\"_ _335\"> </span><span class=\"ff2 ls14 ws11\">13<span class=\"_ _1\"></span>,<span class=\"_ _1\"></span>244.7<span class=\"_ _19f\"> </span><span class=\"lse0 wse0\">10<span class=\"_ _1\"></span>,416<span class=\"_ _2\"></span>.<span class=\"_ _1\"></span>3<span class=\"_ _4f\"> </span></span>81.7<span class=\"_ _a2\"> </span><span class=\"lscc wscd\">23<span class=\"_ _1\"></span>,<span class=\"_ _1\"></span>742<span class=\"_ _1\"></span>.<span class=\"_ _1\"></span>7<span class=\"_ _383\"> </span></span></span></div><div class=\"t m0 hd ff1 fs7 fc3 sc0 ls11 ws2 gsbf8\">Expected credit losses<span class=\"_ _26f\"> </span><span class=\"ff2 lsc9 wsc9\">(103.<span class=\"_ _1\"></span>2)<span class=\"_ _70\"> </span><span class=\"ls1c wsb5\">(28<span class=\"_ _1\"></span>.0)<span class=\"_ _57\"> </span><span class=\"ls14 ws11\">1.2<span class=\"_ _74\"> </span><span class=\"lscb wscb\">(13<span class=\"_ _1\"></span>0.0)<span class=\"_ _383\"> </span></span></span></span></span></div><div class=\"t m0 hd ff1 fs7 fc3 sc0 ls11 ws2 gsbf9\">Loans and adv<span class=\"_ _6\"></span>ances to customer<span class=\"_ _6\"></span>s<span class=\"_ _272\"> </span><span class=\"ff2 ls14 ws11\">13,14<span class=\"_ _6\"></span>1.5<span class=\"_ _ff\"> </span><span class=\"ls1f ws1c\">10<span class=\"_ _6\"></span>,388.3<span class=\"_ _93\"> </span><span class=\"lsc5 wsc4\">8<span class=\"_ _2\"></span>2<span class=\"_ _1\"></span>.9<span class=\"_ _a6\"> </span><span class=\"ls33 ws30\">23<span class=\"_ _1\"></span>,<span class=\"_ _1\"></span>612<span class=\"_ _1\"></span>.<span class=\"_ _1\"></span>7<span class=\"_ _383\"> </span></span></span></span></span></div><div class=\"t m0 hd ff1 fs7 fc3 sc0 ls11 ws2 gsbfa\">Capital expenditur<span class=\"_ _6\"></span>e<span class=\"_ _32c\"> </span><span class=\"ff2 lsc4 wsc3\">7.<span class=\"_ _0\"> </span>6<span class=\"_ _e5\"> </span><span class=\"ls11 ws6e\">0.7<span class=\"_ _1cc\"> </span><span class=\"ls2 ws2\">\u2013 <span class=\"_ _d0\"> </span><span class=\"ls1f ws1c\">8.3<span class=\"_ _383\"> </span></span></span></span></span></div><div class=\"t m0 hd ff1 fs7 fc3 sc0 ls11 ws2 gsbfb\">Depreciation and amortisation<span class=\"_ _15d\"> </span><span class=\"ff2 ls2\">6.<span class=\"_ _1\"></span>2<span class=\"_ _15c\"> </span><span class=\"ls81 wsdf\">3<span class=\"_ _1\"></span>.4<span class=\"_ _15c\"> </span><span class=\"lsd3 ws86\">3.8<span class=\"_ _254\"> </span></span>1<span class=\"_ _1\"></span>3<span class=\"_ _1\"></span>.4<span class=\"_ _383\"> </span></span></span></div><div class=\"t m0 hc ff2 fs7 fc3 sc0 ls11 ws2 gsbfc\">Pro\ufb01t or loss for the year<span class=\"_ _33f\"> </span><span class=\"ls2\"> <span class=\"_ _11a\"> </span> <span class=\"_ _11a\"> </span> <span class=\"_ _21a\"> </span> </span></div><div class=\"t m0 hc ff2 fs7 fc3 sc0 ls11 ws2 gsbfd\">Net interest income/(e<span class=\"_ _8\"></span>xp<span class=\"_ _1\"></span>ense)<span class=\"_ _2b1\"> </span><span class=\"ws6e\">460.7<span class=\"_ _8c\"> </span><span class=\"ls2c ws29\">308.4<span class=\"_ _3e\"> </span><span class=\"lsc6 wsc5\">(<span class=\"_ _2\"></span>5<span class=\"_ _2\"></span>9.<span class=\"_ _2\"></span>2<span class=\"_ _1\"></span>)<span class=\"_ _83\"> </span>7<span class=\"_ _1\"></span>0<span class=\"_ _2\"></span>9.<span class=\"_ _1\"></span>9<span class=\"_ _383\"> </span></span></span></span></div><div class=\"t m0 hc ff2 fs7 fc3 sc0 ls11 ws2 gsbfe\">Other income<span class=\"_ _340\"> </span><span class=\"lsc5 wsc4\">8<span class=\"_ _1\"></span>.9<span class=\"_ _93\"> </span></span><span class=\"ls2\">4<span class=\"_ _1\"></span>6.2<span class=\"_ _55\"> </span><span class=\"ls81 wsdf\">1<span class=\"_ _1\"></span>0<span class=\"_ _1\"></span>.4<span class=\"_ _93\"> </span><span class=\"lse3 wse7\">65<span class=\"_ _1\"></span>.5<span class=\"_ _383\"> </span></span></span></span></div><div class=\"t m0 hc ff2 fs7 fc3 sc0 ls11 ws2 gsbff\">T<span class=\"_ _8\"></span>otal income/(expense<span class=\"_ _6\"></span>)<span class=\"_ _341\"> </span><span class=\"lsc6 wsc5\">4<span class=\"_ _2\"></span>6<span class=\"_ _1\"></span>9.<span class=\"_ _2\"></span>6<span class=\"_ _86\"> </span><span class=\"ls1f ws1c\">354.6<span class=\"_ _5a\"> </span><span class=\"ls7f wse1\">(<span class=\"_ _1\"></span>48<span class=\"_ _1\"></span>.8)<span class=\"_ _94\"> </span><span class=\"ls81 wsdf\">7<span class=\"_ _1\"></span>7<span class=\"_ _1\"></span>5<span class=\"_ _1\"></span>.4<span class=\"_ _383\"> </span></span></span></span></span></div><div class=\"t m0 hd ff1 fs7 fc3 sc0 ls11 ws2 gsc00\">Impairment of \ufb01nancial asset<span class=\"_ _6\"></span>s<span class=\"_ _161\"> </span><span class=\"ff2 ls1c wsb5\">(2<span class=\"_ _1\"></span>2<span class=\"_ _1\"></span>.3<span class=\"_ _1\"></span>)<span class=\"_ _59\"> </span><span class=\"lsa wse4\">(<span class=\"_ _1\"></span>8<span class=\"_ _1\"></span>.4)<span class=\"_ _61\"> </span><span class=\"lsc5 wsc4\">0<span class=\"_ _1\"></span>.9<span class=\"_ _3b\"> </span><span class=\"lsc6 wsc5\">(<span class=\"_ _1\"></span>2<span class=\"_ _2\"></span>9.<span class=\"_ _2\"></span>8<span class=\"_ _1\"></span>)<span class=\"_ _383\"> </span></span></span></span></span></div><div class=\"t m0 hc ff2 fs7 fc3 sc0 ls11 ws2 gsc01\">Contribution to pro\ufb01t<span class=\"_ _342\"> </span><span class=\"lsc4 wsc3\">4<span class=\"_ _2\"></span>4<span class=\"_ _2\"></span>7.<span class=\"_ _0\"> </span>3<span class=\"_ _86\"> </span></span><span class=\"ls2\">346.<span class=\"_ _1\"></span>2<span class=\"_ _5c\"> </span><span class=\"lsc4 wsc3\">(<span class=\"_ _2\"></span>4<span class=\"_ _2\"></span>7.<span class=\"_ _2\"></span>9<span class=\"_ _2\"></span>)<span class=\"_ _122\"> </span><span class=\"ls14 ws11\">745.6<span class=\"_ _383\"> </span></span></span></span></div><div class=\"t m0 hd ff1 fs7 fc3 sc0 ls11 ws2 gsc02\">Administr<span class=\"_ _6\"></span>ative e<span class=\"_ _6\"></span>xpenses<span class=\"_ _141\"> </span><span class=\"ff2 lsc5 wsc4\">(<span class=\"_ _1\"></span>1<span class=\"_ _1\"></span>3<span class=\"_ _2\"></span>0<span class=\"_ _1\"></span>.9<span class=\"_ _1\"></span>)<span class=\"_ _5a\"> </span><span class=\"lsc3 wsc2\">(<span class=\"_ _2\"></span>7<span class=\"_ _1\"></span>3<span class=\"_ _2\"></span>.1<span class=\"_ _1\"></span>)<span class=\"_ _59\"> </span><span class=\"ls7f wse1\">(3<span class=\"_ _1\"></span>.<span class=\"_ _1\"></span>8)<span class=\"_ _40\"> </span><span class=\"lsc4 wsc3\">(<span class=\"_ _2\"></span>2<span class=\"_ _0\"> </span>0<span class=\"_ _0\"></span>7.<span class=\"_ _0\"></span>8<span class=\"_ _2\"></span>)<span class=\"_ _383\"> </span></span></span></span></span></div><div class=\"t m0 hd ff1 fs7 fc3 sc0 ls11 ws6e gsc03\">Pro<span class=\"_ _6\"></span>visions <span class=\"_ _1f3\"> </span><span class=\"ff2 ls14 ws11\">1.6<span class=\"_ _1cc\"> </span><span class=\"ls2 ws2\">\u2013 <span class=\"_ _23f\"> </span><span class=\"ws1c\"> \u2013 <span class=\"_ _1c2\"> </span></span></span>1.6<span class=\"_ _383\"> </span></span></div><div class=\"t m0 hd ff1 fs7 fc3 sc0 ls11 ws2 gsc04\">Integr<span class=\"_ _6\"></span>ation costs<span class=\"_ _25d\"> </span><span class=\"ff2 lsa wse4\">(6.<span class=\"_ _2\"></span>8)<span class=\"_ _d0\"> </span><span class=\"lsc3 wsc2\">(<span class=\"_ _1\"></span>1<span class=\"_ _1\"></span>.1<span class=\"_ _2\"></span>)<span class=\"_ _1da\"> </span><span class=\"ls2 ws2\">\u2013 <span class=\"_ _254\"> </span><span class=\"lsc4 wsc3\">(<span class=\"_ _3\"> </span>7.<span class=\"_ _1\"></span>9<span class=\"_ _0\"></span>)<span class=\"_ _383\"> </span></span></span></span></span></div><div class=\"t m0 hc ff2 fs7 fc3 sc0 ls11 ws2 gsc05\">Pro\ufb01t/(loss) before taxation<span class=\"_ _81\"> </span><span class=\"ls14 ws11\">311.2<span class=\"_ _98\"> </span><span class=\"ls33 ws30\">2<span class=\"_ _1\"></span>72<span class=\"_ _1\"></span>.0<span class=\"_ _5c\"> </span><span class=\"ls1e ws43\">(51.<span class=\"_ _1\"></span>7<span class=\"_ _1\"></span>)<span class=\"_ _83\"> </span></span></span>531.5<span class=\"_ _383\"> </span></span></div><div class=\"t m0 hd ff1 fs7 fc3 sc0 ls11 ws6e gsc06\">T<span class=\"_ _8\"></span>axation<span class=\"_ _383\"> </span></div><div class=\"t m0 h1f ff1 fsf fc3 sc0 ls2 ws2 gsc07\">1<span class=\"_ _383\"> </span></div><div class=\"t m0 hc ff2 fs7 fc3 sc0 lsc3 wsc2 gsc08\">(<span class=\"_ _2\"></span>70<span class=\"_ _1\"></span>.1<span class=\"_ _2\"></span>)<span class=\"_ _8c\"> </span><span class=\"lse5 wsea\">(<span class=\"_ _1\"></span>70.<span class=\"_ _2\"></span>2)<span class=\"_ _e8\"> </span><span class=\"ls14 ws11\">18.8<span class=\"_ _98\"> </span><span class=\"ls6f ws75\">(121.5)<span class=\"_ _383\"> </span></span></span></span></div><div class=\"t m0 hc ff2 fs7 fc3 sc0 ls11 ws2 gsc09\">Pro\ufb01t/(loss) for the year<span class=\"_ _341\"> </span><span class=\"lsc3 wsc2\">2<span class=\"_ _1\"></span>41<span class=\"_ _1\"></span>.1<span class=\"_ _2\"></span> <span class=\"_ _83\"> </span></span><span class=\"ls2\">201.8 <span class=\"_ _50\"> </span><span class=\"lsc5 wsc4\">(3<span class=\"_ _1\"></span>2<span class=\"_ _2\"></span>.9)<span class=\"_ _83\"> </span><span class=\"lse0 wse0\">41<span class=\"_ _1\"></span>0.<span class=\"_ _1\"></span>0<span class=\"_ _383\"> </span></span></span></span></div><div class=\"t m0 h8 ff1 fs5 fc3 sc0 ls2 ws2 gsc0a\">1. <span class=\"_ _41\"> </span> <span class=\"_ _23\"></span>T<span class=\"_ _1\"></span>h<span class=\"_ _1\"></span>e taxa<span class=\"_ _1\"></span>tio<span class=\"_ _1\"></span>n on C<span class=\"_ _1\"></span>om<span class=\"_ _1\"></span>bin<span class=\"_ _1\"></span>at<span class=\"_ _1\"></span>ion c<span class=\"_ _1\"></span>re<span class=\"_ _1\"></span>di<span class=\"_ _1\"></span>t in<span class=\"_ _1\"></span>clu<span class=\"_ _1\"></span>de<span class=\"_ _1\"></span>s re<span class=\"_ _1\"></span>le<span class=\"_ _1\"></span>a<span class=\"_ _1\"></span>se o<span class=\"_ _1\"></span>f def<span class=\"_ _1\"></span>er<span class=\"_ _1\"></span>re<span class=\"_ _1\"></span>d tax<span class=\"_ _1\"></span>ati<span class=\"_ _1\"></span>on o<span class=\"_ _1\"></span>n CCFS C<span class=\"_ _1\"></span>om<span class=\"_ _1\"></span>bi<span class=\"_ _1\"></span>nat<span class=\"_ _1\"></span>io<span class=\"_ _1\"></span>n re<span class=\"_ _1\"></span>lat<span class=\"_ _1\"></span>in<span class=\"_ _1\"></span>g to the u<span class=\"_ _1\"></span>nw<span class=\"_ _1\"></span>ind o<span class=\"_ _1\"></span>f the d<span class=\"_ _1\"></span>ef<span class=\"_ _1\"></span>er<span class=\"_ _1\"></span>re<span class=\"_ _1\"></span>d tax l<span class=\"_ _1\"></span>iab<span class=\"_ _1\"></span>il<span class=\"_ _1\"></span>iti<span class=\"_ _1\"></span>es r<span class=\"_ _1\"></span>ec<span class=\"_ _1\"></span>og<span class=\"_ _1\"></span>ni<span class=\"_ _1\"></span>se<span class=\"_ _1\"></span>d on  </div><div class=\"t m0 h8 ff1 fs5 fc3 sc0 ls2 ws2 gsc0b\">the f<span class=\"_ _1\"></span>air v<span class=\"_ _1\"></span>alu<span class=\"_ _1\"></span>e ad<span class=\"_ _1\"></span>jus<span class=\"_ _1\"></span>tm<span class=\"_ _1\"></span>en<span class=\"_ _1\"></span>ts of t<span class=\"_ _1\"></span>he C<span class=\"_ _1\"></span>CFS a<span class=\"_ _1\"></span>ss<span class=\"_ _1\"></span>et<span class=\"_ _1\"></span>s an<span class=\"_ _1\"></span>d lia<span class=\"_ _1\"></span>bil<span class=\"_ _1\"></span>iti<span class=\"_ _1\"></span>es a<span class=\"_ _1\"></span>t the a<span class=\"_ _1\"></span>cq<span class=\"_ _1\"></span>ui<span class=\"_ _1\"></span>sit<span class=\"_ _1\"></span>io<span class=\"_ _1\"></span>n dat<span class=\"_ _1\"></span>e of \u00a3<span class=\"_ _1\"></span>17<span class=\"_ _8\"></span>.5m a<span class=\"_ _1\"></span>nd th<span class=\"_ _1\"></span>e re<span class=\"_ _1\"></span>le<span class=\"_ _1\"></span>a<span class=\"_ _1\"></span>se o<span class=\"_ _1\"></span>f oth<span class=\"_ _1\"></span>er d<span class=\"_ _1\"></span>efe<span class=\"_ _1\"></span>rr<span class=\"_ _1\"></span>ed t<span class=\"_ _1\"></span>ax a<span class=\"_ _1\"></span>ss<span class=\"_ _1\"></span>et<span class=\"_ _1\"></span>s on C<span class=\"_ _1\"></span>om<span class=\"_ _1\"></span>bin<span class=\"_ _1\"></span>ati<span class=\"_ _1\"></span>on a<span class=\"_ _1\"></span>dj<span class=\"_ _1\"></span>us<span class=\"_ _1\"></span>tme<span class=\"_ _1\"></span>nt<span class=\"_ _1\"></span>s </div><div class=\"t m0 h8 ff1 fs5 fc3 sc0 ls172 wsf5 gsc0c\">of \u00a31.3m.<span class=\"_ _383\"> </span></div><div class=\"t m0 h8 ff1 fs5 fc3 sc0 lse ws71 gsc0d\">2021<span class=\"_ _383\"> </span></div><div class=\"t m0 h8 ff1 fs5 fc3 sc0 ls69 ws70 gsc0e\">OSB<span class=\"_ _383\"> </span></div><div class=\"t m0 h8 ff1 fs5 fc3 sc0 lse ws71 gsc0f\">\u00a3m<span class=\"_ _383\"> </span></div><div class=\"t m0 h8 ff1 fs5 fc3 sc0 lse ws71 gsc10\">CCFS<span class=\"_ _383\"> </span></div><div class=\"t m0 h8 ff1 fs5 fc3 sc0 lse ws71 gsc11\">\u00a3m<span class=\"_ _383\"> </span></div><div class=\"t m0 h8 ff1 fs5 fc3 sc0 lse ws71 gsc12\">Combination<span class=\"_ _383\"> </span></div><div class=\"t m0 h8 ff1 fs5 fc3 sc0 lse ws71 gsc13\">\u00a3m<span class=\"_ _383\"> </span></div><div class=\"t m0 h8 ff1 fs5 fc3 sc0 lse1 wse5 gsc14\">To<span class=\"_ _1\"></span>t<span class=\"_ _2\"></span>a<span class=\"_ _1\"></span>l<span class=\"_ _383\"> </span></div><div class=\"t m0 h8 ff1 fs5 fc3 sc0 lse ws71 gsc15\">\u00a3m<span class=\"_ _383\"> </span></div><div class=\"t m0 hc ff2 fs7 fc3 sc0 ls11 ws2 gsc16\">Balances at the repor<span class=\"_ _1\"></span>ting date<span class=\"_ _383\"> </span></div><div class=\"t m0 hd ff1 fs7 fc3 sc0 ls11 ws2 gsc17\">Gross loans and advances to cus<span class=\"_ _6\"></span>tomers<span class=\"_ _c6\"> </span><span class=\"lsc8 wsc8\">1<span class=\"_ _0\"></span>2<span class=\"_ _0\"></span>,<span class=\"_ _0\"></span>0<span class=\"_ _0\"></span>5<span class=\"_ _2\"></span>7.<span class=\"_ _3\"> </span>3<span class=\"_ _7f\"> </span><span class=\"lsd7 wsd7\">8<span class=\"_ _1\"></span>,9<span class=\"_ _2\"></span>8<span class=\"_ _1\"></span>1<span class=\"_ _1\"></span>.4<span class=\"_ _9d\"> </span><span class=\"lsed wsf2\">1<span class=\"_ _1\"></span>4<span class=\"_ _1\"></span>3<span class=\"_ _2\"></span>.1<span class=\"_ _d2\"> </span><span class=\"ls9f wsbc\">2<span class=\"_ _1\"></span>1,181.8<span class=\"_ _383\"> </span></span></span></span></span></div><div class=\"t m0 hd ff1 fs7 fc3 sc0 ls11 ws2 gsc18\">Expected credit losses<span class=\"_ _24f\"> </span><span class=\"ls2\">(82.2)<span class=\"_ _3b\"> </span><span class=\"lsf8 wsfd\">(<span class=\"_ _2\"></span>1<span class=\"_ _1\"></span>9.<span class=\"_ _2\"></span>6<span class=\"_ _2\"></span>)<span class=\"_ _1b4\"> </span><span class=\"ls9f wsbc\">0.3<span class=\"_ _91\"> </span><span class=\"ls6f ws75\">(101.5)<span class=\"_ _383\"> </span></span></span></span></span></div><div class=\"t m0 hd ff1 fs7 fc3 sc0 ls11 ws2 gsc19\">Loans and adv<span class=\"_ _6\"></span>ances to customer<span class=\"_ _6\"></span>s<span class=\"_ _cf\"> </span><span class=\"lsc5 wsc4\">1<span class=\"_ _1\"></span>1<span class=\"_ _1\"></span>,9<span class=\"_ _1\"></span>7<span class=\"_ _2\"></span>5<span class=\"_ _1\"></span>.1<span class=\"_ _73\"> </span>8<span class=\"_ _2\"></span>,9<span class=\"_ _1\"></span>61<span class=\"_ _1\"></span>.<span class=\"_ _2\"></span>8<span class=\"_ _e8\"> </span><span class=\"lsd7 wsd7\">1<span class=\"_ _1\"></span>4<span class=\"_ _1\"></span>3<span class=\"_ _2\"></span>.4<span class=\"_ _19f\"> </span><span class=\"ls9f wsbc\">2<span class=\"_ _1\"></span>1,08<span class=\"_ _1\"></span>0.3<span class=\"_ _383\"> </span></span></span></span></div><div class=\"t m0 hd ff1 fs7 fc3 sc0 ls11 ws2 gsc1a\">Capital expenditur<span class=\"_ _6\"></span>e<span class=\"_ _1de\"> </span><span class=\"ws6e\">5<span class=\"_ _1\"></span>.0<span class=\"_ _52\"> </span><span class=\"ls9f wsbc\">1.<span class=\"_ _1\"></span>8<span class=\"_ _1cc\"> </span></span></span><span class=\"ls2\">\u2013 <span class=\"_ _57\"> </span><span class=\"ls7a wsa1\">6.8<span class=\"_ _383\"> </span></span></span></div><div class=\"t m0 hd ff1 fs7 fc3 sc0 ls11 ws2 gsc1b\">Depreciation and amortisation<span class=\"_ _33e\"> </span><span class=\"ls6f ws75\">6.5<span class=\"_ _15e\"> </span><span class=\"ls2c ws29\">3.<span class=\"_ _1\"></span>2<span class=\"_ _15e\"> </span><span class=\"ls88 wse3\">4.8<span class=\"_ _37\"> </span>14.<span class=\"_ _1\"></span>5<span class=\"_ _383\"> </span></span></span></span></div><div class=\"t m0 hc ff2 fs7 fc3 sc0 ls11 ws2 gsc1c\">Pro\ufb01t or loss for the year<span class=\"_ _383\"> </span></div><div class=\"t m0 hd ff2 fs7 fc3 sc0 ls11 ws2 gsc1d\">Net interest income/(e<span class=\"_ _8\"></span>xp<span class=\"_ _1\"></span>ense)<span class=\"_ _343\"> </span><span class=\"ff1 ls78 ws109\">41<span class=\"_ _1\"></span>4.<span class=\"_ _2\"></span>8<span class=\"_ _1\"></span> <span class=\"_ _8c\"> </span><span class=\"ls54 ws55\">235<span class=\"_ _1\"></span>.7<span class=\"_ _2ab\"> </span><span class=\"ls86 wsf1\">(<span class=\"_ _1\"></span>6<span class=\"_ _1\"></span>2<span class=\"_ _1\"></span>.9<span class=\"_ _1\"></span>)<span class=\"_ _86\"> </span><span class=\"lsc8 wsc8\">5<span class=\"_ _0\"></span>8<span class=\"_ _0\"></span>7.<span class=\"_ _0\"></span>6<span class=\"_ _0\"></span> </span></span></span></span></div><div class=\"t m0 hd ff2 fs7 fc3 sc0 ls11 ws2 gsc1e\">Other income<span class=\"_ _30e\"> </span><span class=\"ff1 lse3 wse7\">8.7 <span class=\"_ _3b\"> </span><span class=\"ls11 ws6e\">2<span class=\"_ _1\"></span>0.0 <span class=\"_ _55\"> </span><span class=\"ls12 wsf\">12.7<span class=\"_ _1b4\"> </span><span class=\"lsd7 wsd7\">41<span class=\"_ _1\"></span>.4<span class=\"_ _2\"></span> </span></span></span></span></div><div class=\"t m0 hd ff2 fs7 fc3 sc0 ls11 ws2 gsc1f\">T<span class=\"_ _8\"></span>otal income/(expense<span class=\"_ _6\"></span>)<span class=\"_ _253\"> </span><span class=\"ff1 ls7c wsd0\">423.<span class=\"_ _1\"></span>5<span class=\"_ _3e\"> </span><span class=\"ls14 ws11\">255.7<span class=\"_ _3d\"> </span><span class=\"ls87 wsc6\">(<span class=\"_ _1\"></span>5<span class=\"_ _1\"></span>0.<span class=\"_ _1\"></span>2)<span class=\"_ _70\"> </span><span class=\"lsf8 wsfd\">6<span class=\"_ _2\"></span>2<span class=\"_ _2\"></span>9.<span class=\"_ _2\"></span>0<span class=\"_ _383\"> </span></span></span></span></span></div><div class=\"t m0 hd ff1 fs7 fc3 sc0 ls11 ws2 gsc20\">Impairment of \ufb01nancial asset<span class=\"_ _6\"></span>s<span class=\"_ _2e9\"> </span><span class=\"lscc wscd\">(3<span class=\"_ _1\"></span>.5<span class=\"_ _1\"></span>)<span class=\"_ _1b4\"> </span><span class=\"lsd7 wsd7\">8<span class=\"_ _2\"></span>.4<span class=\"_ _37\"> </span></span>(0.<span class=\"_ _1\"></span>5<span class=\"_ _1\"></span>)<span class=\"_ _57\"> </span><span class=\"lsd7 wsd7\">4.4<span class=\"_ _383\"> </span></span></span></div><div class=\"t m0 hd ff2 fs7 fc3 sc0 ls11 ws2 gsc21\">Contribution to pro\ufb01t<span class=\"_ _248\"> </span><span class=\"ff1 ls7c wsd0\">42<span class=\"_ _1\"></span>0.<span class=\"_ _1\"></span>0<span class=\"_ _e8\"> </span><span class=\"lsed wsf2\">2<span class=\"_ _1\"></span>6<span class=\"_ _1\"></span>4<span class=\"_ _1\"></span>.1<span class=\"_ _e8\"> </span><span class=\"ls9f wsbc\">(50.<span class=\"_ _1\"></span>7<span class=\"_ _2\"></span>)<span class=\"_ _70\"> </span><span class=\"lsd7 wsd7\">6<span class=\"_ _1\"></span>3<span class=\"_ _1\"></span>3<span class=\"_ _2\"></span>.4<span class=\"_ _383\"> </span></span></span></span></span></div><div class=\"t m0 hd ff1 fs7 fc3 sc0 ls11 ws2 gsc22\">Administr<span class=\"_ _6\"></span>ative e<span class=\"_ _6\"></span>xpenses<span class=\"_ _344\"> </span><span class=\"lsc8 wsc8\">(<span class=\"_ _2\"></span>9<span class=\"_ _0\"></span>7.<span class=\"_ _1\"></span>9<span class=\"_ _0\"></span>)<span class=\"_ _91\"> </span><span class=\"ls106 ws10f\">(6<span class=\"_ _2\"></span>3<span class=\"_ _1\"></span>.<span class=\"_ _1\"></span>8<span class=\"_ _1\"></span>)<span class=\"_ _96\"> </span><span class=\"ls88 wse3\">(<span class=\"_ _1\"></span>4.<span class=\"_ _1\"></span>8)<span class=\"_ _94\"> </span><span class=\"lscc wscd\">(16<span class=\"_ _1\"></span>6.<span class=\"_ _1\"></span>5<span class=\"_ _1\"></span>)<span class=\"_ _383\"> </span></span></span></span></span></div><div class=\"t m0 hd ff1 fs7 fc3 sc0 ls11 ws6e gsc23\">Pro<span class=\"_ _6\"></span>visions<span class=\"_ _345\"> </span><span class=\"lscc wscd\">(0.3<span class=\"_ _1\"></span>)<span class=\"_ _1c2\"> </span><span class=\"lsed wsf2\">0<span class=\"_ _1\"></span>.1<span class=\"_ _d9\"> </span><span class=\"ls2 ws2\">\u2013 <span class=\"_ _55\"> </span></span></span>(0.2)<span class=\"_ _383\"> </span></span></div><div class=\"t m0 hd ff1 fs7 fc3 sc0 ls11 ws2 gsc24\">Impairment of in<span class=\"_ _6\"></span>tangible assets<span class=\"_ _346\"> </span><span class=\"ls2\">\u2013 <span class=\"_ _3f\"> </span>\u2013 <span class=\"_ _53\"> </span><span class=\"lsed wsf2\">3<span class=\"_ _1\"></span>.1<span class=\"_ _2\"></span> <span class=\"_ _53\"> </span>3<span class=\"_ _2\"></span>.1<span class=\"_ _383\"> </span></span></span></div><div class=\"t m0 hd ff1 fs7 fc3 sc0 ls11 ws2 gsc25\">Integr<span class=\"_ _6\"></span>ation costs<span class=\"_ _347\"> </span><span class=\"ls88 wse3\">(<span class=\"_ _1\"></span>4.0)<span class=\"_ _9c\"> </span><span class=\"ls7f wse1\">(1<span class=\"_ _1\"></span>.0)<span class=\"_ _ce\"> </span><span class=\"ls2 ws1c\"> \u2013 <span class=\"_ _96\"> </span></span>(<span class=\"_ _1\"></span>5.0)<span class=\"_ _383\"> </span></span></span></div><div class=\"t m0 hd ff1 fs7 fc3 sc0 ls11 ws2 gsc26\">Exceptional items<span class=\"_ _297\"> </span><span class=\"lscc wscd\">(0<span class=\"_ _1\"></span>.<span class=\"_ _1\"></span>2)<span class=\"_ _20e\"> </span></span><span class=\"ls2\">\u2013 <span class=\"_ _3f\"> </span>\u2013 <span class=\"_ _96\"> </span><span class=\"lscc wscd\">(0.2<span class=\"_ _1\"></span>)<span class=\"_ _383\"> </span></span></span></div><div class=\"t m0 hd ff2 fs7 fc3 sc0 ls11 ws2 gsc27\">Pro\ufb01t/(loss) before taxation<span class=\"_ _210\"> </span><span class=\"ff1 lsc8 wsc8\">3<span class=\"_ _2\"></span>1<span class=\"_ _0\"></span>7.<span class=\"_ _0\"></span>6<span class=\"_ _93\"> </span><span class=\"lsf8 wsfd\">1<span class=\"_ _1\"></span>9<span class=\"_ _2\"></span>9.<span class=\"_ _1\"></span>4<span class=\"_ _59\"> </span><span class=\"lsd7 wsd7\">(<span class=\"_ _2\"></span>5<span class=\"_ _1\"></span>2<span class=\"_ _1\"></span>.4<span class=\"_ _1\"></span>)<span class=\"_ _70\"> </span><span class=\"ls88 wse3\">46<span class=\"_ _1\"></span>4.<span class=\"_ _1\"></span>6<span class=\"_ _383\"> </span></span></span></span></span></div><div class=\"t m0 hd ff1 fs7 fc3 sc0 ls11 ws6e gsc28\">T<span class=\"_ _8\"></span>axation<span class=\"_ _383\"> </span></div><div class=\"t m0 h1f ff1 fsf fc3 sc0 ls2 ws2 gsc29\">1<span class=\"_ _383\"> </span></div><div class=\"t m0 hd ff1 fs7 fc3 sc0 lsd5 wsd5 gsc2a\">(<span class=\"_ _2\"></span>76<span class=\"_ _2\"></span>.<span class=\"_ _1\"></span>0<span class=\"_ _1\"></span>)<span class=\"_ _3b\"> </span><span class=\"lsc7 ws7f\">(51<span class=\"_ _1\"></span>.8<span class=\"_ _1\"></span>)<span class=\"_ _37\"> </span><span class=\"ls6f ws75\">8.5 <span class=\"_ _50\"> </span><span class=\"lsf8 wsfd\">(<span class=\"_ _2\"></span>1<span class=\"_ _1\"></span>1<span class=\"_ _2\"></span>9.<span class=\"_ _2\"></span>3<span class=\"_ _2\"></span>)<span class=\"_ _383\"> </span></span></span></span></div><div class=\"t m0 hd ff2 fs7 fc3 sc0 ls11 ws2 gsc2b\">Pro\ufb01t/(loss) for the year<span class=\"_ _341\"> </span><span class=\"ff1 ls78 ws109\">241<span class=\"_ _1\"></span>.<span class=\"_ _1\"></span>6<span class=\"_ _93\"> </span><span class=\"lsc8 wsc8\">1<span class=\"_ _0\"></span>4<span class=\"_ _2\"></span>7.<span class=\"_ _0\"></span>6<span class=\"_ _59\"> </span><span class=\"ls86 wsf1\">(<span class=\"_ _2\"></span>4<span class=\"_ _2\"></span>3<span class=\"_ _1\"></span>.9<span class=\"_ _1\"></span>)<span class=\"_ _70\"> </span><span class=\"ls79 wse8\">345.<span class=\"_ _1\"></span>3<span class=\"_ _383\"> </span></span></span></span></span></div><div class=\"t m0 h8 ff1 fs5 fc3 sc0 ls2 ws2 gsc2c\">1. <span class=\"_ _41\"> </span> <span class=\"_ _23\"></span>T<span class=\"_ _1\"></span>h<span class=\"_ _1\"></span>e tax o<span class=\"_ _1\"></span>n Co<span class=\"_ _1\"></span>mb<span class=\"_ _1\"></span>ina<span class=\"_ _1\"></span>tio<span class=\"_ _1\"></span>n cr<span class=\"_ _1\"></span>ed<span class=\"_ _1\"></span>it in<span class=\"_ _1\"></span>cl<span class=\"_ _1\"></span>ud<span class=\"_ _1\"></span>es a c<span class=\"_ _1\"></span>re<span class=\"_ _1\"></span>di<span class=\"_ _1\"></span>t of \u00a3<span class=\"_ _1\"></span>14.1m rel<span class=\"_ _1\"></span>ati<span class=\"_ _1\"></span>ng to t<span class=\"_ _1\"></span>he un<span class=\"_ _1\"></span>win<span class=\"_ _1\"></span>d of th<span class=\"_ _1\"></span>e d<span class=\"_ _1\"></span>efe<span class=\"_ _1\"></span>rr<span class=\"_ _1\"></span>ed t<span class=\"_ _1\"></span>ax li<span class=\"_ _1\"></span>abi<span class=\"_ _1\"></span>lit<span class=\"_ _1\"></span>ie<span class=\"_ _1\"></span>s re<span class=\"_ _1\"></span>co<span class=\"_ _1\"></span>gn<span class=\"_ _1\"></span>is<span class=\"_ _1\"></span>ed o<span class=\"_ _1\"></span>n th<span class=\"_ _1\"></span>e fai<span class=\"_ _1\"></span>r val<span class=\"_ _1\"></span>ue a<span class=\"_ _1\"></span>dju<span class=\"_ _1\"></span>st<span class=\"_ _1\"></span>me<span class=\"_ _1\"></span>nt<span class=\"_ _1\"></span>s of th<span class=\"_ _1\"></span>e CC<span class=\"_ _1\"></span>FS </div><div class=\"t m0 h8 ff1 fs5 fc3 sc0 ls2 ws2 gsc2d\">as<span class=\"_ _1\"></span>se<span class=\"_ _1\"></span>ts an<span class=\"_ _1\"></span>d li<span class=\"_ _1\"></span>abi<span class=\"_ _1\"></span>lit<span class=\"_ _1\"></span>ie<span class=\"_ _1\"></span>s at th<span class=\"_ _1\"></span>e ac<span class=\"_ _1\"></span>qu<span class=\"_ _1\"></span>isi<span class=\"_ _1\"></span>tio<span class=\"_ _1\"></span>n da<span class=\"_ _1\"></span>te, o<span class=\"_ _1\"></span><span class=\"_ _383\">ffs</span><span class=\"_ _1\"></span>et b<span class=\"_ _1\"></span>y a \u00a35.<span class=\"_ _1\"></span>6m d<span class=\"_ _1\"></span>ef<span class=\"_ _1\"></span>err<span class=\"_ _1\"></span>e<span class=\"_ _1\"></span>d tax c<span class=\"_ _1\"></span>har<span class=\"_ _1\"></span>ge d<span class=\"_ _1\"></span>ue to t<span class=\"_ _1\"></span>he 6% in<span class=\"_ _1\"></span>cr<span class=\"_ _1\"></span>ea<span class=\"_ _1\"></span>se i<span class=\"_ _1\"></span>n th<span class=\"_ _1\"></span>e mai<span class=\"_ _1\"></span>n ra<span class=\"_ _1\"></span>te of th<span class=\"_ _1\"></span>e co<span class=\"_ _1\"></span>rp<span class=\"_ _1\"></span>or<span class=\"_ _1\"></span>ati<span class=\"_ _1\"></span>on ta<span class=\"_ _1\"></span>x li<span class=\"_ _1\"></span>abi<span class=\"_ _1\"></span>lity f<span class=\"_ _1\"></span>ro<span class=\"_ _1\"></span>m 1 Ap<span class=\"_ _1\"></span>ril </div><div class=\"t m0 h8 ff1 fs5 fc3 sc0 ls173 ws190 gsc2e\">2023.<span class=\"_ _383\"> </span></div><div class=\"t m0 hc ff2 fs7 fc2 sc0 ls2 ws2 gsc30\">49<span class=\"_ _8\"></span><span class=\"_ _383\">.\u2002C</span><span class=\"_ _1\"></span>ount<span class=\"_ _1\"></span>ry by co<span class=\"_ _1\"></span>untry r<span class=\"_ _1\"></span>epo<span class=\"_ _1\"></span>rt<span class=\"_ _1\"></span>ing (CBC<span class=\"_ _1\"></span>R)<span class=\"_ _383\"> </span></div><div class=\"t m0 hd ff1 fs7 fc3 sc0 ls11 ws2 gsc31\">CBCR was in<span class=\"_ _6\"></span>troduced through Article 89 of CRD IV<span class=\"_ _1f6\"></span>, aimed at the banking and capital mark<span class=\"_ _6\"></span>ets indus<span class=\"_ _6\"></span>try.<span class=\"_ _383\"> </span></div><div class=\"t m0 hd ff1 fs7 fc3 sc0 ls11 ws2 gsc32\">The name, natur<span class=\"_ _6\"></span>e of activities and geographic location o<span class=\"_ _6\"></span>f the Group<span class=\"_ _8\"></span>\u2019<span class=\"_ _6\"></span>s companies are presen<span class=\"_ _6\"></span>ted below:<span class=\"_ _383\"> </span></div><div class=\"t m0 h8 ff2 fs5 fc3 sc0 lse ws71 gsc33\">Jurisdiction<span class=\"_ _a3\"> </span><span class=\"ff1\">Country<span class=\"_ _7d\"> </span>Name<span class=\"_ _348\"> </span>Activities<span class=\"_ _383\"> </span></span></div><div class=\"t m0 hc ff2 fs7 fc3 sc0 ls11 ws6e gsc34\">UK</div><div class=\"t m0 h17 ff2 fsf fc3 sc0 ls2 ws2 gsc35\">1</div><div class=\"t m0 hd ff2 fs7 fc3 sc0 ls2 ws2 gsc36\"> <span class=\"_ _61\"> </span><span class=\"ff1 ls11 ws6e\">England<span class=\"_ _66\"> </span><span class=\"ws2\">OSB GROUP PL<span class=\"_ _8\"></span>C<span class=\"_ _383\"> </span></span></span></div><div class=\"t m0 hd ff1 fs7 fc3 sc0 ls11 ws2 gsc37\">Commercial banking<span class=\"_ _383\"> </span></div><div class=\"t m0 hd ff1 fs7 fc3 sc0 ls11 ws2 gsc38\">OneSavings Bank plc<span class=\"_ _383\"> </span></div><div class=\"t m0 hd ff1 fs7 fc3 sc0 ls11 ws2 gsc39\">5D Finance Limited<span class=\"_ _383\"> </span></div><div class=\"t m0 hd ff1 fs7 fc3 sc0 ls11 ws2 gsc3a\">Broadlands Finance Limited<span class=\"_ _383\"> </span></div><div class=\"t m0 hd ff1 fs7 fc3 sc0 ls11 ws2 gsc3b\">Charter Cour<span class=\"_ _1\"></span>t Financial Servic<span class=\"_ _1\"></span>es Group Plc<span class=\"_ _383\"> </span></div><div class=\"t m0 hd ff1 fs7 fc3 sc0 ls11 ws2 gsc3c\">Charter Cour<span class=\"_ _1\"></span>t Financial Servic<span class=\"_ _1\"></span>es Limited<span class=\"_ _383\"> </span></div><div class=\"t m0 hd ff1 fs7 fc3 sc0 ls11 ws2 gsc3d\">Charter Mor<span class=\"_ _1\"></span>tgages Limited<span class=\"_ _383\"> </span></div><div class=\"t m0 hd ff1 fs7 fc3 sc0 ls11 ws2 gsc3e\">Easioption Limited<span class=\"_ _383\"> </span></div><div class=\"t m0 hd ff1 fs7 fc3 sc0 ls11 ws2 gsc3f\">Exact Mortgage Experts Limited<span class=\"_ _383\"> </span></div><div class=\"t m0 hd ff1 fs7 fc3 sc0 ls11 ws2 gsc40\">Guernsey Home Loans Limit<span class=\"_ _6\"></span>ed<span class=\"_ _383\"> </span></div><div class=\"t m0 hd ff1 fs7 fc3 sc0 ls11 ws2 gsc41\">Heritable Dev<span class=\"_ _6\"></span>elopment Finance Limited<span class=\"_ _383\"> </span></div><div class=\"t m0 hd ff1 fs7 fc3 sc0 ls11 ws2 gsc42\">Inter Bay Financial I Limited<span class=\"_ _383\"> </span></div><div class=\"t m0 hd ff1 fs7 fc3 sc0 ls11 ws2 gsc43\">Inter Bay Financial II Limited<span class=\"_ _383\"> </span></div><div class=\"t m0 hd ff1 fs7 fc3 sc0 ls11 ws2 gsc44\">InterBay Asset Finance Limited<span class=\"_ _383\"> </span></div><div class=\"t m0 hd ff1 fs7 fc3 sc0 ls11 ws2 gsc45\">Interbay Funding, L<span class=\"_ _6\"></span>td<span class=\"_ _383\"> </span></div><div class=\"t m0 hd ff1 fs7 fc3 sc0 ls11 ws2 gsc46\">Interbay Gr<span class=\"_ _6\"></span>oup Holdings Limited<span class=\"_ _383\"> </span></div><div class=\"t m0 hd ff1 fs7 fc3 sc0 ls11 ws2 gsc47\">Interbay Holdings L<span class=\"_ _6\"></span>td<span class=\"_ _383\"> </span></div><div class=\"t m0 hd ff1 fs7 fc3 sc0 ls11 ws2 gsc48\">Interbay ML, L<span class=\"_ _6\"></span>td<span class=\"_ _383\"> </span></div><div class=\"t m0 hd ff1 fs7 fc3 sc0 ls11 ws2 gsc49\">Jersey Home L<span class=\"_ _6\"></span>oans Limited<span class=\"_ _383\"> </span></div><div class=\"t m0 hd ff1 fs7 fc3 sc0 ls11 ws2 gsc4a\">Prestige Finance Limite<span class=\"_ _6\"></span>d<span class=\"_ _383\"> </span></div><div class=\"t m0 hd ff1 fs7 fc3 sc0 ls11 ws2 gsc4b\">Reliance Property Loans Limit<span class=\"_ _6\"></span>ed<span class=\"_ _383\"> </span></div><div class=\"t m0 hd ff1 fs7 fc3 sc0 ls11 ws2 gsc4c\">Rochester Mortgages Limited<span class=\"_ _383\"> </span></div><div class=\"t m0 hd ff1 fs7 fc3 sc0 ls11 ws6e gsc4d\">Guernsey<span class=\"_ _fc\"> </span><span class=\"ws2\">Guernsey Home L<span class=\"_ _8\"></span>oans Limited</span></div><div class=\"t m0 hd ff2 fs7 fc3 sc0 ls2 ws2 gsc4e\"> <span class=\"_ _11a\"> </span><span class=\"ff1 ls11 ws6e\">Jersey<span class=\"_ _74\"> </span><span class=\"ws2\">Jersey Home L<span class=\"_ _6\"></span>oans Limited<span class=\"_ _383\"> </span></span></span></div><div class=\"t m0 hd ff2 fs7 fc3 sc0 ls11 ws6e gsc4f\">UK<span class=\"_ _5f\"> </span><span class=\"ff1\">England<span class=\"_ _66\"> </span><span class=\"ws2\">Canterbury Finance No<span class=\"_ _6\"></span>. 2 plc<span class=\"_ _383\"> </span></span></span></div><div class=\"t m0 hd ff1 fs7 fc3 sc0 ls11 ws2 gsc50\">Special purpose vehicle<span class=\"_ _383\"> </span></div><div class=\"t m0 hd ff1 fs7 fc3 sc0 ls11 ws2 gsc51\">Canterbury Finance No<span class=\"_ _6\"></span>. 3 plc<span class=\"_ _383\"> </span></div><div class=\"t m0 hd ff1 fs7 fc3 sc0 ls11 ws2 gsc52\">Canterbury Finance No<span class=\"_ _6\"></span>. 4 plc<span class=\"_ _383\"> </span></div><div class=\"t m0 hd ff1 fs7 fc3 sc0 ls11 ws2 gsc53\">Canterbury Finance No<span class=\"_ _6\"></span>. 5 plc</div><div class=\"t m0 hd ff2 fs7 fc3 sc0 ls2 ws2 gsc54\"> <span class=\"_ _11a\"> </span><span class=\"ff1\"> <span class=\"_ _21a\"> </span><span class=\"ls11\">CMF 2020-1 plc<span class=\"_ _383\"> </span></span></span></div><div class=\"t m0 hd ff2 fs7 fc3 sc0 ls11 ws6e gsc55\">UK<span class=\"_ _5f\"> </span><span class=\"ff1\">England<span class=\"_ _66\"> </span><span class=\"ws2\">WSE Bourton Road Limited<span class=\"_ _1a0\"> </span>Land lease inv<span class=\"_ _6\"></span>estmen<span class=\"_ _6\"></span>t<span class=\"_ _383\"> </span></span></span></div><div class=\"t m0 hd ff2 fs7 fc3 sc0 ls11 ws6e gsc56\">India<span class=\"_ _3d\"> </span><span class=\"ff1\">India<span class=\"_ _2ab\"> </span><span class=\"ws2\">OSB India Private Limited<span class=\"_ _210\"> </span>Back o<span class=\"_ _6\"></span><span class=\"_ _383\">ffice processing<span class=\"_ _383\"> </span></span></span></span></div><div class=\"t m0 h8 ff1 fs5 fc3 sc0 ls2 ws2 gsc57\">1. <span class=\"_ _41\"> </span> <span class=\"_ _23\"></span>G<span class=\"_ _1\"></span>u<span class=\"_ _1\"></span>ern<span class=\"_ _1\"></span>se<span class=\"_ _1\"></span>y H<span class=\"_ _1\"></span>om<span class=\"_ _1\"></span>e Loa<span class=\"_ _1\"></span>ns Li<span class=\"_ _1\"></span>mit<span class=\"_ _1\"></span>ed (G<span class=\"_ _1\"></span>ue<span class=\"_ _1\"></span>rns<span class=\"_ _1\"></span>e<span class=\"_ _1\"></span>y) an<span class=\"_ _1\"></span>d J<span class=\"_ _1\"></span>er<span class=\"_ _1\"></span>se<span class=\"_ _1\"></span>y Ho<span class=\"_ _1\"></span>me L<span class=\"_ _1\"></span>oa<span class=\"_ _1\"></span>ns Lim<span class=\"_ _1\"></span>ite<span class=\"_ _1\"></span>d (Je<span class=\"_ _1\"></span>rs<span class=\"_ _1\"></span>ey<span class=\"_ _1\"></span>) are i<span class=\"_ _1\"></span>nc<span class=\"_ _1\"></span>or<span class=\"_ _1\"></span>po<span class=\"_ _1\"></span>ra<span class=\"_ _1\"></span>te<span class=\"_ _1\"></span>d in Gu<span class=\"_ _1\"></span>er<span class=\"_ _1\"></span>ns<span class=\"_ _1\"></span>ey a<span class=\"_ _1\"></span>nd J<span class=\"_ _1\"></span>er<span class=\"_ _1\"></span>s<span class=\"_ _1\"></span>ey r<span class=\"_ _1\"></span>es<span class=\"_ _1\"></span>pe<span class=\"_ _1\"></span>ct<span class=\"_ _1\"></span>iv<span class=\"_ _1\"></span>ely<span class=\"_ _1\"></span>, bu<span class=\"_ _1\"></span>t are c<span class=\"_ _1\"></span>on<span class=\"_ _1\"></span>si<span class=\"_ _1\"></span>de<span class=\"_ _1\"></span>re<span class=\"_ _1\"></span>d to b<span class=\"_ _1\"></span>e </div><div class=\"t m0 h8 ff1 fs5 fc3 sc0 ls2 ws2 gsc58\">lo<span class=\"_ _1\"></span>ca<span class=\"_ _1\"></span>ted i<span class=\"_ _1\"></span>n th<span class=\"_ _1\"></span>e UK a<span class=\"_ _1\"></span>s th<span class=\"_ _1\"></span>ey ar<span class=\"_ _1\"></span>e ma<span class=\"_ _1\"></span>na<span class=\"_ _1\"></span>ge<span class=\"_ _1\"></span>d an<span class=\"_ _1\"></span>d co<span class=\"_ _1\"></span>ntr<span class=\"_ _1\"></span>oll<span class=\"_ _1\"></span>e<span class=\"_ _1\"></span>d in th<span class=\"_ _1\"></span>e UK w<span class=\"_ _1\"></span>ith n<span class=\"_ _1\"></span>o p<span class=\"_ _1\"></span>er<span class=\"_ _1\"></span>man<span class=\"_ _1\"></span>e<span class=\"_ _1\"></span>nt es<span class=\"_ _1\"></span>tab<span class=\"_ _1\"></span>li<span class=\"_ _1\"></span>sh<span class=\"_ _1\"></span>me<span class=\"_ _1\"></span>nt<span class=\"_ _1\"></span>s in Gu<span class=\"_ _1\"></span>er<span class=\"_ _1\"></span>ns<span class=\"_ _1\"></span>ey o<span class=\"_ _1\"></span>r J<span class=\"_ _1\"></span>er<span class=\"_ _1\"></span>se<span class=\"_ _1\"></span>y.<span class=\"_ _383\"> </span></div><div class=\"t m0 hd ff1 fs7 fc3 sc0 ls11 ws2 gsc59\">Other disclosures requir<span class=\"_ _6\"></span>ed by the CBCR directiv<span class=\"_ _6\"></span>e are pr<span class=\"_ _6\"></span>ovided belo<span class=\"_ _6\"></span>w:<span class=\"_ _383\"> </span></div><div class=\"t m0 h3a ff2 fs5 fc3 sc0 lse ws71 gsc5a\">2022<span class=\"_ _349\"> </span>UK<span class=\"_ _55\"> </span>India<span class=\"_ _1d\"> </span><span class=\"ls32 ws2f\">Consolidation</span></div><div class=\"t m0 h3f ff2 fs1f fc3 sc0 ls2 ws2 gsc5b\">2<span class=\"_ _383\"> </span></div><div class=\"t m0 h3a ff2 fs5 fc3 sc0 lsc2 wsc1 gsc5c\">To<span class=\"_ _1\"></span>t<span class=\"_ _2\"></span>a<span class=\"_ _1\"></span>l<span class=\"_ _383\"> </span></div><div class=\"t m0 hd ff1 fs7 fc3 sc0 ls11 ws2 gsc5d\">Aver<span class=\"_ _8\"></span>age number of employees<span class=\"_ _4a\"> </span><span class=\"ff2 lse3 wse7\">1,<span class=\"_ _1\"></span>274<span class=\"_ _61\"> </span><span class=\"ls12 wsf\">622<span class=\"_ _d9\"> </span><span class=\"ls2 ws2\">\u2013 <span class=\"_ _70\"> </span><span class=\"ls79 wse8\">1,896<span class=\"_ _383\"> </span></span></span></span></span></div><div class=\"t m0 hd ff1 fs7 fc3 sc0 ls11 ws6e gsc5e\">T<span class=\"_ _8\"></span>urnover<span class=\"_ _383\"> </span></div><div class=\"t m0 h1f ff1 fsf fc3 sc0 ls2 ws2 gsc5f\">1<span class=\"_ _383\"> </span></div><div class=\"t m0 hd ff1 fs7 fc3 sc0 ls11 ws2 gsc60\">, \u00a3m<span class=\"_ _1e9\"> </span><span class=\"ff2 lsc3 wsc2\">7<span class=\"_ _1\"></span>7<span class=\"_ _2\"></span>5<span class=\"_ _1\"></span>.1<span class=\"_ _4f\"> </span><span class=\"ls14 ws11\">13.<span class=\"_ _1\"></span>6<span class=\"_ _e8\"> </span><span class=\"ls1e ws43\">(1<span class=\"_ _1\"></span>3.<span class=\"_ _1\"></span>3)<span class=\"_ _7d\"> </span><span class=\"ls81 wsdf\">7<span class=\"_ _2\"></span>7<span class=\"_ _1\"></span>5<span class=\"_ _1\"></span>.4<span class=\"_ _383\"> </span></span></span></span></span></div><div class=\"t m0 hd ff1 fs7 fc3 sc0 ls11 ws2 gsc61\">Pro\ufb01t/(loss) befor<span class=\"_ _6\"></span>e tax, \u00a3m<span class=\"_ _296\"> </span><span class=\"ff2 ls14 ws11\">531.2<span class=\"_ _1c2\"> </span><span class=\"ls2d ws2a\">2.2<span class=\"_ _63\"> </span><span class=\"lsc5 wsc4\">(1<span class=\"_ _2\"></span>.9)<span class=\"_ _83\"> </span></span></span>5<span class=\"_ _1\"></span>31.5<span class=\"_ _383\"> </span></span></div><div class=\"t m0 hd ff1 fs7 fc3 sc0 ls11 ws2 gsc62\">Corporation tax paid, \u00a3m<span class=\"_ _2ad\"> </span><span class=\"ff2 lscc wscd\">142<span class=\"_ _1\"></span>.0<span class=\"_ _15c\"> </span><span class=\"ls11 ws6e\">0.5<span class=\"_ _1cc\"> </span><span class=\"ls2 ws2\">\u2013 <span class=\"_ _70\"> </span><span class=\"ls6f ws75\">142.5<span class=\"_ _383\"> </span></span></span></span></span></div><div class=\"t m0 h8 ff1 fs5 fc3 sc0 lse ws71 gsc63\">2021<span class=\"_ _34a\"> </span>UK<span class=\"_ _d0\"> </span>India<span class=\"_ _124\"> </span>Consolidation</div><div class=\"t m0 h3e ff1 fs1f fc3 sc0 ls2 ws2 gsc64\">2<span class=\"_ _383\"> </span></div><div class=\"t m0 h8 ff1 fs5 fc3 sc0 lse1 wse5 gsc65\">To<span class=\"_ _1\"></span>t<span class=\"_ _2\"></span>a<span class=\"_ _1\"></span>l<span class=\"_ _383\"> </span></div><div class=\"t m0 hd ff1 fs7 fc3 sc0 ls11 ws2 gsc66\">Aver<span class=\"_ _8\"></span>age number of employees<span class=\"_ _2a4\"> </span><span class=\"ls9f wsbc\">1,<span class=\"_ _1\"></span>220<span class=\"_ _1b4\"> </span><span class=\"ls1f ws1c\">535<span class=\"_ _1cc\"> </span></span></span><span class=\"ls2\">\u2013 <span class=\"_ _a9\"> </span><span class=\"ls9f wsbc\">1,75<span class=\"_ _1\"></span>5<span class=\"_ _383\"> </span></span></span></div><div class=\"t m0 hd ff1 fs7 fc3 sc0 ls11 ws6e gsc67\">T<span class=\"_ _8\"></span>urnover<span class=\"_ _383\"> </span></div><div class=\"t m0 h1f ff1 fsf fc3 sc0 ls2 ws2 gsc68\">1<span class=\"_ _383\"> </span></div><div class=\"t m0 hd ff1 fs7 fc3 sc0 ls11 ws2 gsc69\">, \u00a3m<span class=\"_ _29a\"> </span><span class=\"ls86 wsf1\">6<span class=\"_ _1\"></span>2<span class=\"_ _2\"></span>8<span class=\"_ _1\"></span>.9<span class=\"_ _90\"> </span><span class=\"lsf8 wsfd\">9.<span class=\"_ _2\"></span>6<span class=\"_ _63\"> </span>(<span class=\"_ _1\"></span>9.<span class=\"_ _2\"></span>5<span class=\"_ _0\"></span>)<span class=\"_ _8c\"> </span>6<span class=\"_ _2\"></span>2<span class=\"_ _2\"></span>9.<span class=\"_ _2\"></span>0<span class=\"_ _383\"> </span></span></span></div><div class=\"t m0 hd ff1 fs7 fc3 sc0 ls11 ws2 gsc6a\">Pro\ufb01t/(loss) befor<span class=\"_ _6\"></span>e tax, \u00a3m<span class=\"_ _6a\"> </span><span class=\"lsd7 wsd7\">4<span class=\"_ _2\"></span>6<span class=\"_ _1\"></span>4<span class=\"_ _1\"></span>.4<span class=\"_ _ca\"> </span><span class=\"ls9f wsbc\">1.<span class=\"_ _1\"></span>2<span class=\"_ _1c2\"> </span><span class=\"ls7f wse1\">(1.<span class=\"_ _1\"></span>0)<span class=\"_ _83\"> </span><span class=\"ls88 wse3\">4<span class=\"_ _1\"></span>6<span class=\"_ _1\"></span>4.6<span class=\"_ _383\"> </span></span></span></span></span></div><div class=\"t m0 hd ff1 fs7 fc3 sc0 ls11 ws2 gsc6b\">Corporation tax paid, \u00a3m<span class=\"_ _34b\"> </span><span class=\"lsc8 wsc8\">1<span class=\"_ _2\"></span>1<span class=\"_ _2\"></span>7.<span class=\"_ _0\"></span>0<span class=\"_ _8b\"> </span><span class=\"ls9f wsbc\">0.3<span class=\"_ _d9\"> </span></span></span><span class=\"ls2\">\u2013 <span class=\"_ _5c\"> </span><span class=\"lsc8 wsc8\">1<span class=\"_ _2\"></span>1<span class=\"_ _2\"></span>7.<span class=\"_ _0\"></span>3<span class=\"_ _383\"> </span></span></span></div><div class=\"t m0 h8 ff1 fs5 fc3 sc0 ls2 ws2 gsc6c\">1. <span class=\"_ _41\"> </span> <span class=\"_ _23\"></span>Turno<span class=\"_ _1\"></span>ver r<span class=\"_ _1\"></span>ep<span class=\"_ _1\"></span>re<span class=\"_ _1\"></span>s<span class=\"_ _1\"></span>ent<span class=\"_ _1\"></span>s tot<span class=\"_ _1\"></span>al in<span class=\"_ _1\"></span>co<span class=\"_ _1\"></span>me b<span class=\"_ _1\"></span>ef<span class=\"_ _1\"></span>or<span class=\"_ _1\"></span>e imp<span class=\"_ _1\"></span>ai<span class=\"_ _1\"></span>rm<span class=\"_ _1\"></span>ent o<span class=\"_ _1\"></span>f \ufb01n<span class=\"_ _1\"></span>anc<span class=\"_ _1\"></span>ia<span class=\"_ _1\"></span>l and i<span class=\"_ _1\"></span>nta<span class=\"_ _1\"></span>ngi<span class=\"_ _1\"></span>bl<span class=\"_ _1\"></span>e as<span class=\"_ _1\"></span>s<span class=\"_ _1\"></span>ets<span class=\"_ _1\"></span>, re<span class=\"_ _1\"></span>gu<span class=\"_ _1\"></span>la<span class=\"_ _1\"></span>tor<span class=\"_ _1\"></span>y pr<span class=\"_ _1\"></span>ovi<span class=\"_ _1\"></span>si<span class=\"_ _1\"></span>on<span class=\"_ _1\"></span>s and o<span class=\"_ _1\"></span>p<span class=\"_ _1\"></span>era<span class=\"_ _1\"></span>tin<span class=\"_ _1\"></span>g co<span class=\"_ _1\"></span>st<span class=\"_ _1\"></span>s, b<span class=\"_ _1\"></span>ut a<span class=\"_ _1\"></span>f<span class=\"_ _1\"></span>ter n<span class=\"_ _1\"></span>et i<span class=\"_ _1\"></span>nte<span class=\"_ _1\"></span>re<span class=\"_ _1\"></span>st i<span class=\"_ _1\"></span>nc<span class=\"_ _1\"></span>om<span class=\"_ _1\"></span>e, g<span class=\"_ _1\"></span>ain<span class=\"_ _1\"></span>s </div><div class=\"t m0 h8 ff1 fs5 fc3 sc0 ls169 ws3f gsc6d\">and losses on \ufb01nancial instrum<span class=\"_ _1\"></span>ents and other operating incom<span class=\"_ _1\"></span>e.<span class=\"_ _383\"> </span></div><div class=\"t m0 h8 ff1 fs5 fc3 sc0 ls2 ws2 gsc6e\">2. <span class=\"_ _34\"> </span>Re<span class=\"_ _1\"></span>la<span class=\"_ _1\"></span>te<span class=\"_ _1\"></span>s to a ma<span class=\"_ _1\"></span>na<span class=\"_ _1\"></span>ge<span class=\"_ _1\"></span>me<span class=\"_ _1\"></span>nt fe<span class=\"_ _1\"></span>e fr<span class=\"_ _1\"></span>om I<span class=\"_ _1\"></span>nd<span class=\"_ _1\"></span>ian s<span class=\"_ _1\"></span>ub<span class=\"_ _1\"></span>si<span class=\"_ _1\"></span>dia<span class=\"_ _1\"></span>rie<span class=\"_ _1\"></span>s to O<span class=\"_ _1\"></span>ne<span class=\"_ _1\"></span>S<span class=\"_ _1\"></span>av<span class=\"_ _1\"></span>in<span class=\"_ _1\"></span>gs B<span class=\"_ _1\"></span>an<span class=\"_ _1\"></span>k pl<span class=\"_ _1\"></span>c fo<span class=\"_ _1\"></span>r pro<span class=\"_ _1\"></span>vi<span class=\"_ _1\"></span>din<span class=\"_ _1\"></span>g ba<span class=\"_ _1\"></span>ck o<span class=\"_ _1\"></span><span class=\"_ _383\">ffic</span><span class=\"_ _1\"></span>e pr<span class=\"_ _1\"></span>oc<span class=\"_ _1\"></span>es<span class=\"_ _1\"></span>s<span class=\"_ _1\"></span>ing<span class=\"_ _1\"></span>.<span class=\"_ _383\"> </span></div>49<span class=\"_ _8\"></span><span class=\"_ _383\">.\u2002C</span><span class=\"_ _1\"></span>ount<span class=\"_ _1\"></span>ry by co<span class=\"_ _1\"></span>untry r<span class=\"_ _1\"></span>epo<span class=\"_ _1\"></span>rt<span class=\"_ _1\"></span>ing (CBC<span class=\"_ _1\"></span>R)<span class=\"ff5 lsd4 ws46\"> continue<span class=\"_ _1\"></span>d<span class=\"_ _383\"> </span></span>The tables below r<span class=\"_ _6\"></span>econcile tax charged and tax paid during the year<span class=\"_ _1f6\"></span>.<span class=\"_ _383\"> </span>2022<span class=\"_ _383\"> </span>UK<span class=\"_ _383\"> </span>\u00a3m<span class=\"_ _383\"> </span>India<span class=\"_ _383\"> </span>\u00a3m<span class=\"_ _383\"> </span>To<span class=\"_ _1\"></span>t<span class=\"_ _2\"></span>a<span class=\"_ _1\"></span>l<span class=\"_ _383\"> </span>\u00a3m<span class=\"_ _383\"> </span>T<span class=\"_ _8\"></span>ax charge<span class=\"_ _5d\"> </span><span class=\"ff2 ls7e ws16\">121.0<span class=\"_ _1c2\"> </span><span class=\"ls11 ws6e\">0.5<span class=\"_ _34c\"> </span><span class=\"ls6f ws75\">121.5<span class=\"_ _383\"> </span></span></span></span><span class=\"_ _383\">Effects of:</span><span class=\"_ _230\"> </span><span class=\"ff2 ls2\"> <span class=\"_ _11a\"> </span> <span class=\"_ _11a\"> </span> </span><span class=\"_ _383\">Other timing differences</span><span class=\"_ _1fa\"> </span><span class=\"ff2 lsc6 wsc5\">1<span class=\"_ _1\"></span>9.<span class=\"_ _2\"></span>0<span class=\"_ _d9\"> </span><span class=\"ls2 ws2\">\u2013 <span class=\"_ _59\"> </span></span>1<span class=\"_ _2\"></span>9.<span class=\"_ _1\"></span>0<span class=\"_ _383\"> </span></span>T<span class=\"_ _8\"></span>ax outside of pro<span class=\"_ _6\"></span>\ufb01t or loss<span class=\"_ _34d\"> </span><span class=\"ff2 lsc5 wsc4\">(0<span class=\"_ _1\"></span>.9<span class=\"_ _1\"></span>)<span class=\"_ _20e\"> </span><span class=\"ls2 ws2\">\u2013 <span class=\"_ _9d\"> </span></span>(<span class=\"_ _1\"></span>0<span class=\"_ _1\"></span>.9<span class=\"_ _1\"></span>)<span class=\"_ _383\"> </span></span>Prior year tax paid during the year<span class=\"_ _32c\"> </span><span class=\"ff2 ls7e ws16\">1.0<span class=\"_ _1cc\"> </span><span class=\"ls2 ws2\">\u2013 <span class=\"_ _63\"> </span></span>1.0<span class=\"_ _383\"> </span></span>Prior year tax included within tax char<span class=\"_ _6\"></span>ge<span class=\"_ _328\"> </span><span class=\"ff2 lsc5 wsc4\">0<span class=\"_ _2\"></span>.9<span class=\"_ _d9\"> </span><span class=\"ls2 ws2\">\u2013 <span class=\"_ _d0\"> </span></span>0<span class=\"_ _1\"></span>.9<span class=\"_ _383\"> </span></span>T<span class=\"_ _8\"></span>ax in relation to future periods pr<span class=\"_ _6\"></span>epaid<span class=\"_ _34e\"> </span><span class=\"ff2 ls7e ws16\">1.0<span class=\"_ _1cc\"> </span><span class=\"ls2 ws2\">\u2013 <span class=\"_ _63\"> </span></span>1.0<span class=\"_ _383\"> </span></span>T<span class=\"_ _8\"></span>ax paid<span class=\"_ _34f\"> </span><span class=\"lscc wscd\">142<span class=\"_ _1\"></span>.0<span class=\"_ _1c2\"> </span></span><span class=\"ws6e\">0.<span class=\"_ _1\"></span>5<span class=\"_ _a9\"> </span><span class=\"ls6f ws75\">142.5<span class=\"_ _383\"> </span></span></span>2021<span class=\"_ _383\"> </span>UK<span class=\"_ _383\"> </span>\u00a3m<span class=\"_ _383\"> </span>India<span class=\"_ _383\"> </span>\u00a3m<span class=\"_ _383\"> </span>To<span class=\"_ _1\"></span>t<span class=\"_ _2\"></span>a<span class=\"_ _1\"></span>l<span class=\"_ _383\"> </span>\u00a3m<span class=\"_ _383\"> </span>T<span class=\"_ _8\"></span>ax charge<span class=\"_ _350\"> </span><span class=\"ls86 wsf1\">11<span class=\"_ _2\"></span>8<span class=\"_ _1\"></span>.9<span class=\"_ _8b\"> </span><span class=\"lsd7 wsd7\">0<span class=\"_ _1\"></span>.4<span class=\"_ _96\"> </span><span class=\"lsf8 wsfd\">1<span class=\"_ _2\"></span>1<span class=\"_ _1\"></span>9.<span class=\"_ _0\"></span>3<span class=\"_ _383\"> </span></span></span></span><span class=\"_ _383\">Effects of:<span class=\"_ _383\"> </span></span><span class=\"_ _383\">Other timing differences</span><span class=\"_ _351\"> </span><span class=\"lsf8 wsfd\">9.<span class=\"_ _2\"></span>6<span class=\"_ _53\"> </span><span class=\"lsed wsf2\">(<span class=\"_ _1\"></span>0<span class=\"_ _1\"></span>.1<span class=\"_ _1\"></span>)<span class=\"_ _63\"> </span></span>9.<span class=\"_ _2\"></span>5<span class=\"_ _383\"> </span></span>T<span class=\"_ _8\"></span>ax outside of pro<span class=\"_ _6\"></span>\ufb01t or loss<span class=\"_ _24e\"> </span><span class=\"ls12 wsf\">(1.3)<span class=\"_ _20e\"> </span></span><span class=\"ls2\">\u2013 <span class=\"_ _d0\"> </span><span class=\"ls12 wsf\">(1.<span class=\"_ _1\"></span>3)<span class=\"_ _383\"> </span></span></span>Current period t<span class=\"_ _6\"></span>ax paid in prior years<span class=\"_ _352\"> </span><span class=\"lsf8 wsfd\">(<span class=\"_ _1\"></span>9.<span class=\"_ _1\"></span>1<span class=\"_ _2\"></span>)<span class=\"_ _3f\"> </span></span><span class=\"ls2\">\u2013 <span class=\"_ _57\"> </span><span class=\"lsf8 wsfd\">(<span class=\"_ _1\"></span>9.<span class=\"_ _1\"></span>1<span class=\"_ _2\"></span>)<span class=\"_ _383\"> </span></span></span>T<span class=\"_ _8\"></span>ax in relation to future periods pr<span class=\"_ _6\"></span>epaid<span class=\"_ _353\"> </span><span class=\"lsed wsf2\">(<span class=\"_ _1\"></span>1<span class=\"_ _1\"></span>.1<span class=\"_ _1\"></span>)<span class=\"_ _20e\"> </span></span><span class=\"ls2\">\u2013 <span class=\"_ _1c2\"> </span><span class=\"lsed wsf2\">(<span class=\"_ _1\"></span>1<span class=\"_ _1\"></span>.1<span class=\"_ _2\"></span>)<span class=\"_ _383\"> </span></span></span>T<span class=\"_ _8\"></span>ax paid<span class=\"_ _354\"> </span><span class=\"lsc8 wsc8\">1<span class=\"_ _2\"></span>1<span class=\"_ _2\"></span>7.<span class=\"_ _0\"></span>0<span class=\"_ _8b\"> </span><span class=\"ls9f wsbc\">0.3<span class=\"_ _55\"> </span></span>1<span class=\"_ _0\"></span>1<span class=\"_ _2\"></span>7.<span class=\"_ _0\"></span>3<span class=\"_ _383\"> </span></span><span class=\"_ _383\">50.\u2002Adjus</span><span class=\"_ _1\"></span>tme<span class=\"_ _1\"></span>nts f<span class=\"_ _1\"></span>or non<span class=\"_ _1\"></span>-<span class=\"_ _1\"></span>cas<span class=\"_ _1\"></span>h item<span class=\"_ _1\"></span>s and ch<span class=\"_ _1\"></span>ange<span class=\"_ _1\"></span>s in op<span class=\"_ _1\"></span>era<span class=\"_ _1\"></span>ting as<span class=\"_ _1\"></span>se<span class=\"_ _1\"></span>ts and li<span class=\"_ _1\"></span>abiliti<span class=\"_ _1\"></span>es<span class=\"_ _383\"> </span>2022<span class=\"_ _383\"> </span>\u00a3m<span class=\"_ _383\"> </span>Restated<span class=\"ls2 ws2\"><span class=\"_ _383\">1<span class=\"_ _383\"> </span></span></span>2021<span class=\"_ _383\"> </span>\u00a3m<span class=\"_ _383\"> </span>Adjustments f<span class=\"_ _6\"></span>or non-cash items:<span class=\"_ _28b\"> </span><span class=\"ls2\"> <span class=\"_ _21a\"> </span><span class=\"ff1\"> </span></span>Depreciation and amortisation<span class=\"_ _355\"> </span><span class=\"ff2 ls81 wsdf\">13<span class=\"_ _1\"></span>.4<span class=\"_ _1\"></span> <span class=\"_ _96\"> </span></span><span class=\"ls88 wse3\">1<span class=\"_ _1\"></span>4.5<span class=\"_ _1\"></span> </span>Inter<span class=\"_ _6\"></span>est on inv<span class=\"_ _6\"></span>estmen<span class=\"_ _6\"></span>t securities<span class=\"_ _231\"> </span><span class=\"ff2 lsa wse4\">(6.<span class=\"_ _1\"></span>8<span class=\"_ _1\"></span>)<span class=\"_ _96\"> </span></span><span class=\"lsc7 ws7f\">(2.5<span class=\"_ _1\"></span>)<span class=\"_ _383\"> </span></span>Integr<span class=\"_ _6\"></span>ation cost<span class=\"_ _356\"> </span><span class=\"ff2 ls2\">\u2013 <span class=\"_ _1b4\"> </span></span><span class=\"ls9f wsbc\">0.6 </span>Inter<span class=\"_ _6\"></span>est on subordinat<span class=\"_ _6\"></span>ed liabilities<span class=\"_ _349\"> </span><span class=\"ff2 lsc3 wsc2\">1.1<span class=\"_ _2\"></span> <span class=\"_ _1b4\"> </span></span><span class=\"ls9f wsbc\">0.8 </span>Inter<span class=\"_ _6\"></span>est on PSBs<span class=\"_ _237\"> </span><span class=\"ff2 ws6e\">0.7 <span class=\"_ _15c\"> </span></span><span class=\"ls9f wsbc\">1.<span class=\"_ _1\"></span>2 </span>Inter<span class=\"_ _6\"></span>est on securitised debt<span class=\"_ _357\"> </span><span class=\"ff2 lsc4 wsc3\">7.<span class=\"_ _2\"></span>7<span class=\"_ _0\"></span> <span class=\"_ _63\"> </span></span><span class=\"ls86 wsf1\">3<span class=\"_ _2\"></span>.9<span class=\"_ _1\"></span> </span>Inter<span class=\"_ _6\"></span>est on \ufb01nancing debt<span class=\"_ _1f7\"> </span><span class=\"ff2 lscd wsce\">68.7 <span class=\"_ _57\"> </span></span><span class=\"ls7a wsa1\">5.<span class=\"_ _1\"></span>3 </span>Impairment char<span class=\"_ _6\"></span>ge/(cre<span class=\"_ _6\"></span>dit) on loans<span class=\"_ _358\"> </span><span class=\"ff2 lsc6 wsc5\">2<span class=\"_ _1\"></span>9.<span class=\"_ _2\"></span>8<span class=\"_ _2\"></span> <span class=\"_ _254\"> </span></span><span class=\"lsd7 wsd7\">(<span class=\"_ _2\"></span>4<span class=\"_ _1\"></span>.4)<span class=\"_ _383\"> </span></span>Impairment credit on in<span class=\"_ _6\"></span>tangible assets acquir<span class=\"_ _6\"></span>ed on Combination<span class=\"_ _1a0\"> </span><span class=\"ff2 ls2\">\u2013 <span class=\"_ _d0\"> </span></span><span class=\"lsed wsf2\">(<span class=\"_ _1\"></span>3<span class=\"_ _2\"></span>.1<span class=\"_ _1\"></span>)<span class=\"_ _383\"> </span></span>Gain on sale of \ufb01nancial instrumen<span class=\"_ _6\"></span>ts<span class=\"_ _359\"> </span><span class=\"ff2 ls2\">\u2013 <span class=\"_ _96\"> </span></span><span class=\"ls88 wse3\">(<span class=\"_ _1\"></span>4.<span class=\"_ _1\"></span>0)<span class=\"_ _383\"> </span></span>Administr<span class=\"_ _6\"></span>ative e<span class=\"_ _6\"></span>xpenses<span class=\"_ _2ef\"> </span><span class=\"ff2 ls14 ws11\">1.3 <span class=\"_ _3f\"> </span></span><span class=\"ls2\">\u2013 </span>Pro<span class=\"_ _6\"></span>visions <span class=\"_ _262\"> </span><span class=\"ff2 ls88 wse3\">(1.6)<span class=\"_ _d0\"> </span></span><span class=\"ls9f wsbc\">0.2<span class=\"_ _1\"></span> </span>Inter<span class=\"_ _6\"></span>est on lease liabilities<span class=\"_ _1a5\"> </span><span class=\"ff2 ws6e\">0.<span class=\"_ _1\"></span>2 <span class=\"_ _1b4\"> </span></span><span class=\"ls9f wsbc\">0.<span class=\"_ _1\"></span>3 </span>Fair value gains on \ufb01nancial instrumen<span class=\"_ _6\"></span>ts<span class=\"_ _23d\"> </span><span class=\"ff2 ls1f ws1c\">(58.<span class=\"_ _8\"></span>9)<span class=\"_ _50\"> </span><span class=\"ff1 lsf8 wsfd\">(<span class=\"_ _2\"></span>2<span class=\"_ _2\"></span>9.<span class=\"_ _2\"></span>5<span class=\"_ _2\"></span>)<span class=\"_ _383\"> </span></span></span>Share-based payment<span class=\"_ _6\"></span>s<span class=\"_ _222\"> </span><span class=\"ff2 lsc3 wsc2\">8<span class=\"_ _2\"></span>.1<span class=\"_ _1\"></span> <span class=\"_ _63\"> </span></span><span class=\"lse3 wse7\">6.7 </span>T<span class=\"_ _8\"></span>otal adjustments for non-cash items<span class=\"_ _35a\"> </span><span class=\"lscd wsce\">63.7 <span class=\"_ _3d\"> </span><span class=\"ff1 ls7f wse1\">(<span class=\"_ _1\"></span>10.0)<span class=\"_ _383\"> </span></span></span>Changes in operating assets and liabilities:<span class=\"_ _24b\"> </span><span class=\"ls2\"> <span class=\"_ _21a\"> </span><span class=\"ff1\"> </span></span>(Increase<span class=\"_ _6\"></span>)/<span class=\"_ _1f6\"></span>decrease in loans and advances to cr<span class=\"_ _6\"></span>edit institutions<span class=\"_ _29e\"> </span><span class=\"ff2 ls1c wsb5\">(20<span class=\"_ _1\"></span>4<span class=\"_ _1\"></span>.6)<span class=\"_ _5c\"> </span></span><span class=\"lse3 wse7\">98.7 </span>Increase in loans and advances to cus<span class=\"_ _6\"></span>tomers<span class=\"_ _1c7\"> </span><span class=\"ff2 lsc3 wsc2\">(<span class=\"_ _1\"></span>2<span class=\"_ _2\"></span>,<span class=\"_ _1\"></span>5<span class=\"_ _2\"></span>6<span class=\"_ _1\"></span>3<span class=\"_ _2\"></span>.1<span class=\"_ _1\"></span>)<span class=\"_ _19f\"> </span></span><span class=\"ls88 wse3\">(1<span class=\"_ _1\"></span>,8<span class=\"_ _1\"></span>4<span class=\"_ _1\"></span>4.0)<span class=\"_ _383\"> </span></span>Increase in amount<span class=\"_ _6\"></span>s ow<span class=\"_ _6\"></span>ed to ret<span class=\"_ _6\"></span>ail depositors<span class=\"_ _23c\"> </span><span class=\"ff2 lsc6 wsc5\">2<span class=\"_ _2\"></span>,<span class=\"_ _2\"></span>2<span class=\"_ _2\"></span>2<span class=\"_ _1\"></span>9.<span class=\"_ _1\"></span>4<span class=\"_ _2\"></span> <span class=\"_ _8c\"> </span></span><span class=\"ls14 ws11\">923.<span class=\"_ _1\"></span>3 </span>Increase in cash collater<span class=\"_ _6\"></span>al and margin r<span class=\"_ _6\"></span>eceived<span class=\"ls2\"><span class=\"_ _383\">1</span><span class=\"_ _207\"> </span></span><span class=\"ff2 ws6e\">434.<span class=\"_ _1\"></span>3<span class=\"_ _9d\"> </span></span><span class=\"lsd7 wsd7\">11<span class=\"_ _1\"></span>5<span class=\"_ _1\"></span>.4<span class=\"_ _383\"> </span></span>Net increase in other asset<span class=\"_ _6\"></span>s<span class=\"_ _35b\"> </span><span class=\"ff2 ws6e\">(4.7<span class=\"_ _2\"></span>)<span class=\"_ _b2\"> </span></span><span class=\"lsed wsf2\">(<span class=\"_ _1\"></span>1<span class=\"_ _1\"></span>.1<span class=\"_ _1\"></span>)<span class=\"_ _383\"> </span></span>Net increase in derivativ<span class=\"_ _8\"></span>es and hedged items<span class=\"_ _208\"> </span><span class=\"ff2 lsc6 wsc5\">5<span class=\"_ _1\"></span>9.1<span class=\"_ _2\"></span> <span class=\"_ _b2\"> </span></span><span class=\"ls7a wsa1\">3.6 </span>Net increase in amoun<span class=\"_ _6\"></span>ts ow<span class=\"_ _6\"></span>ed to other cus<span class=\"_ _6\"></span>tomers<span class=\"_ _1c7\"> </span><span class=\"ff2 ls2\">16.6 <span class=\"_ _96\"> </span></span><span class=\"ls86 wsf1\">1<span class=\"_ _2\"></span>8<span class=\"_ _1\"></span>.9<span class=\"_ _2\"></span> </span>Net increase in other liabilities <span class=\"_ _35c\"> </span><span class=\"ff2 lsc6 wsc5\">9.1<span class=\"_ _2\"></span> <span class=\"_ _15e\"> </span></span><span class=\"ls9f wsbc\">1.<span class=\"_ _1\"></span>7 </span><span class=\"_ _383\">Exchange differ</span><span class=\"_ _6\"></span>ences on working capital<span class=\"_ _35d\"> </span><span class=\"ff2 ls88 wse3\">(0.<span class=\"_ _1\"></span>3)<span class=\"_ _9c\"> </span></span><span class=\"lsed wsf2\">(0<span class=\"_ _2\"></span>.1<span class=\"_ _1\"></span>)<span class=\"_ _383\"> </span></span>T<span class=\"_ _8\"></span>otal changes in operating assets and liabilities<span class=\"ls2\"><span class=\"_ _383\">1</span><span class=\"_ _35e\"> </span><span class=\"ls1c wsb5\">(24<span class=\"_ _1\"></span>.<span class=\"_ _1\"></span>2)<span class=\"_ _76\"> </span><span class=\"ff1 ls106 ws10f\">(68<span class=\"_ _2\"></span>3<span class=\"_ _1\"></span>.<span class=\"_ _1\"></span>6)<span class=\"_ _383\"> </span></span></span></span>1. <span class=\"_ _41\"> </span>202<span class=\"_ _1\"></span>1 \ufb01gu<span class=\"_ _1\"></span>re<span class=\"_ _1\"></span>s re<span class=\"_ _1\"></span>st<span class=\"_ _1\"></span>ate<span class=\"_ _1\"></span>d se<span class=\"_ _1\"></span>e n<span class=\"_ _1\"></span>ote 1 b) for f<span class=\"_ _1\"></span>ur<span class=\"_ _1\"></span>th<span class=\"_ _1\"></span>er d<span class=\"_ _1\"></span>et<span class=\"_ _1\"></span>ail<span class=\"_ _1\"></span>s<span class=\"_ _383\"> </span><span class=\"_ _383\">51.\u2002Events af</span><span class=\"_ _1\"></span>ter t<span class=\"_ _1\"></span>he re<span class=\"_ _1\"></span>po<span class=\"_ _1\"></span>rt<span class=\"_ _1\"></span>ing dat<span class=\"_ _1\"></span>e<span class=\"_ _383\"> </span>The Board has authorised a shar<span class=\"_ _6\"></span>e repurchase o<span class=\"_ _6\"></span>f up to \u00a3150.<span class=\"_ _6\"></span>0m of shares in the mark<span class=\"_ _8\"></span>et from 17 March 2<span class=\"_ _6\"></span>023. The Company has authority to mak<span class=\"_ _8\"></span>e such purchases under a resolution appr<span class=\"_ _6\"></span>ov<span class=\"_ _6\"></span>ed by shareholder<span class=\"_ _6\"></span>s at the AGM on 11 May 2<span class=\"_ _6\"></span>023. Any pur<span class=\"_ _6\"></span>chases made under this programme will be announced to the mark<span class=\"_ _8\"></span>et each day in line with regulatory requir<span class=\"_ _6\"></span>ements<span class=\"_ _6\"></span>.<span class=\"_ _383\"> </span><span class=\"_ _383\">52.\u2002Co</span><span class=\"_ _1\"></span>ntro<span class=\"_ _1\"></span>lling p<span class=\"_ _1\"></span>ar<span class=\"_ _1\"></span>ty<span class=\"_ _383\"> </span>As at 31 December 2022 there w<span class=\"_ _6\"></span>as no controlling party of the ultimate par<span class=\"_ _6\"></span>ent company of the Group<span class=\"_ _6\"></span>, OSB GROUP PL<span class=\"_ _8\"></span>C<span class=\"_ _6\"></span>.<span class=\"_ _383\"> </span><span class=\"_ _383\">53.\u2002T</span><span class=\"_ _6\"></span>rans<span class=\"_ _1\"></span>act<span class=\"_ _1\"></span>ion<span class=\"_ _1\"></span>s with key man<span class=\"_ _1\"></span>age<span class=\"_ _1\"></span>me<span class=\"_ _1\"></span>nt pe<span class=\"_ _1\"></span>rso<span class=\"_ _1\"></span>nnel<span class=\"_ _383\"> </span>All related party transactions w<span class=\"_ _8\"></span>ere made on terms equivalent to those that pr<span class=\"_ _6\"></span>evail in arm<span class=\"_ _8\"></span>\u2019<span class=\"_ _8\"></span>s length transactions. During the year<span class=\"_ _1f6\"></span>, there wer<span class=\"_ _6\"></span>e no related party transactions be<span class=\"_ _6\"></span>tween the k<span class=\"_ _8\"></span>ey management personnel and the Group other than as described belo<span class=\"_ _6\"></span>w<span class=\"_ _8\"></span>.<span class=\"_ _383\"> </span>The Director<span class=\"_ _6\"></span>s and Group Executiv<span class=\"_ _6\"></span>e team are considere<span class=\"_ _6\"></span>d to be k<span class=\"_ _6\"></span>ey management per<span class=\"_ _6\"></span>sonnel.<span class=\"_ _383\"> </span>Director<span class=\"_ _6\"></span>s<span class=\"_ _8\"></span>\u2019 remuneration is disclosed in note 10 and in the Dir<span class=\"_ _6\"></span>ectors<span class=\"_ _8\"></span>\u2019 Remuneration R<span class=\"_ _6\"></span>eport on page 142. The Group Executiv<span class=\"_ _6\"></span>e team are all employees of OSB<span class=\"_ _6\"></span>, the table below sho<span class=\"_ _6\"></span>ws their aggre<span class=\"_ _6\"></span>gate remuner<span class=\"_ _6\"></span>ation:<span class=\"_ _383\"> </span>2022<span class=\"_ _383\"> </span>\u00a3\u2019000<span class=\"_ _383\"> </span>2021<span class=\"_ _383\"> </span>\u00a3\u2019000<span class=\"_ _383\"> </span>Short-term employee bene\ufb01ts<span class=\"_ _35f\"> </span><span class=\"ff2 ls24 ws21\">4,<span class=\"_ _6\"></span>000<span class=\"_ _3d\"> </span><span class=\"ff1 ls89 wscc\">5<span class=\"_ _2\"></span>,1<span class=\"_ _1\"></span>4<span class=\"_ _1\"></span>4<span class=\"_ _1\"></span> </span></span>Post-employment bene<span class=\"_ _6\"></span>\ufb01ts<span class=\"_ _22a\"> </span><span class=\"ff2 ls12 wsf\">62<span class=\"_ _23f\"> </span></span><span class=\"ls6f ws75\">44 </span>Share-based payment<span class=\"_ _6\"></span>s<span class=\"_ _34f\"> </span><span class=\"ff2 lse5 wsea\">2<span class=\"_ _2\"></span>,6<span class=\"_ _1\"></span>67<span class=\"_ _5c\"> </span></span><span class=\"lsd7 wsd7\">2<span class=\"_ _1\"></span>,41<span class=\"_ _1\"></span>4</span> <span class=\"_ _22d\"> </span><span class=\"ff2 ls33 ws30\">6,72<span class=\"_ _1\"></span>9<span class=\"_ _18d\"> </span></span>7<span class=\"_ _1f6\"></span>,602 K<span class=\"_ _6\"></span>ey management personnel and connected per<span class=\"_ _6\"></span>sons held deposits with the Group of \u00a32.<span class=\"_ _8\"></span>1m (2021: \u00a3<span class=\"_ _6\"></span>0.<span class=\"_ _9\"></span>9m)<span class=\"_ _383\"> </span>.<span class=\"_ _383\"> </span><span class=\"_ _383\">54.\u2002Cap</span><span class=\"_ _1\"></span>ital man<span class=\"_ _1\"></span>age<span class=\"_ _1\"></span>ment<span class=\"_ _383\"> </span>The Group<span class=\"_ _8\"></span>\u2019<span class=\"_ _6\"></span>s capital management appr<span class=\"_ _6\"></span>oach is to pro<span class=\"_ _6\"></span><span class=\"_ _383\">vide a sufficient capital base t</span><span class=\"_ _6\"></span>o cover business risk<span class=\"_ _8\"></span>s and suppor<span class=\"_ _1\"></span>t future business dev<span class=\"_ _6\"></span>elopment. The Group r<span class=\"_ _6\"></span>emained, throughout the year<span class=\"_ _1f6\"></span>, compliant with its capital requir<span class=\"_ _6\"></span>ements as set out by the PRA, the Gr<span class=\"_ _6\"></span>oup<span class=\"_ _6\"></span>\u2019<span class=\"_ _8\"></span>s primary prudential supervisor<span class=\"_ _8\"></span>.<span class=\"_ _383\"> </span>The Group manages and reports its capital at a number o<span class=\"_ _6\"></span>f lev<span class=\"_ _6\"></span>els including Group le<span class=\"_ _6\"></span>vel and for the tw<span class=\"_ _6\"></span>o regulated banking en<span class=\"_ _6\"></span>tities within <span class=\"ls2\"> </span>the Group, on an individual consolidation and on an individual basis<span class=\"_ _6\"></span>. The capital position of the tw<span class=\"_ _6\"></span>o regulate<span class=\"_ _6\"></span>d banking entities are not <span class=\"ls2\"> </span>separately disclosed.<span class=\"_ _383\"> </span>The Group<span class=\"_ _8\"></span>\u2019<span class=\"_ _6\"></span>s capital management is based on the thr<span class=\"_ _6\"></span>ee \u2018<span class=\"_ _6\"></span>pillars<span class=\"_ _1f6\"></span>\u2019 of Basel II. Under Pillar 1, the Group calculates its minimum c<span class=\"_ _6\"></span>apital requiremen<span class=\"_ _6\"></span>ts based on 8% of risk<span class=\"_ _8\"></span>-weight<span class=\"_ _6\"></span>ed assets.<span class=\"_ _383\"> </span>Under Pillar 2, the Group, and it<span class=\"_ _6\"></span>s regulated en<span class=\"_ _6\"></span>tities, complete an annual self-assessmen<span class=\"_ _6\"></span>t of risk<span class=\"_ _6\"></span>s known as the IC<span class=\"_ _6\"></span>AAP<span class=\"_ _8\"></span>. The PRA applies additional<span class=\"_ _1\"></span> requiremen<span class=\"_ _6\"></span>ts to this assessment amoun<span class=\"_ _6\"></span>t to cov<span class=\"_ _6\"></span>er risk<span class=\"_ _6\"></span>s under Pillar 2 to generate a T<span class=\"_ _1f6\"></span>otal Capital Requir<span class=\"_ _6\"></span>ement. Further<span class=\"_ _8\"></span><span class=\"_ _383\">, the PRA sets capital buffers </span>and the Group applies for imposition o<span class=\"_ _6\"></span>f the requiremen<span class=\"_ _6\"></span>ts and modi\ufb01cation of rules incorpor<span class=\"_ _6\"></span><span class=\"_ _383\">ating the capital buffers and Pillar 2 pur</span><span class=\"_ _6\"></span>suant to the Financial Services and Markets A<span class=\"_ _6\"></span>ct 2000<span class=\"_ _6\"></span>. Pillar 3 requires \ufb01rms t<span class=\"_ _6\"></span>o publish a set of disclosures which allo<span class=\"_ _6\"></span>w mark<span class=\"_ _8\"></span>et par<span class=\"_ _1\"></span>ticipants to assess inf<span class=\"_ _6\"></span>ormation on the Group<span class=\"_ _8\"></span>\u2019<span class=\"_ _6\"></span>s capital, risk exposur<span class=\"_ _6\"></span>es and risk assessment process<span class=\"_ _6\"></span>. The Group<span class=\"_ _8\"></span>\u2019<span class=\"_ _6\"></span>s Pillar 3 disclosures can be found on the Gr<span class=\"_ _6\"></span>oup<span class=\"_ _8\"></span>\u2019<span class=\"_ _6\"></span>s website<span class=\"_ _6\"></span>.<span class=\"_ _383\"> </span>Basel III came into f<span class=\"_ _6\"></span>orce through CRD IV<span class=\"_ _1f6\"></span>. Basel III complements and enhances Basel I and II with additional safety measures<span class=\"_ _6\"></span>. Basel III changed de\ufb01nitions of r<span class=\"_ _6\"></span>egulatory capital, intr<span class=\"_ _6\"></span>oduced new capit<span class=\"_ _6\"></span><span class=\"_ _383\">al buffers</span><span class=\"_ _6\"></span>, a non-risk adjusted le<span class=\"_ _6\"></span>ver<span class=\"_ _6\"></span>age ratio<span class=\"_ _6\"></span>, liquidity ratios and modi\ufb01e<span class=\"_ _6\"></span>d the way regulatory capit<span class=\"_ _6\"></span>al is calculated. The PRA issued, on 30th Nov<span class=\"_ _8\"></span>ember 2022, a consultation paper on the implementing Basel 3.<span class=\"_ _8\"></span>1 in the UK. The Group has tak<span class=\"_ _8\"></span>en acc<span class=\"_ _1\"></span>ount of this in planning for future capit<span class=\"_ _6\"></span>al requiremen<span class=\"_ _6\"></span>ts.<span class=\"_ _383\"> </span>The ultimate responsibility for c<span class=\"_ _6\"></span>apital adequacy res<span class=\"_ _6\"></span>ts with the Board of Dir<span class=\"_ _6\"></span>ectors<span class=\"_ _6\"></span>. The Group<span class=\"_ _8\"></span>\u2019<span class=\"_ _6\"></span>s AL<span class=\"_ _8\"></span>CO is responsible for the management of the capital process within the risk appetite de\ufb01ne<span class=\"_ _6\"></span>d by the Board, including appro<span class=\"_ _6\"></span>ving policy, ov<span class=\"_ _6\"></span>erseeing int<span class=\"_ _6\"></span>ernal controls and setting int<span class=\"_ _6\"></span>ernal limits ov<span class=\"_ _6\"></span>er capital ratios<span class=\"_ _8\"></span>.<span class=\"_ _383\"> </span>The Group activ<span class=\"_ _6\"></span>ely manages its capital position and reports this on a regular basis t<span class=\"_ _6\"></span>o the Board and senior management via the AL<span class=\"_ _1f6\"></span>CO and other<span class=\"_ _1\"></span> gov<span class=\"_ _6\"></span>ernance committees. Capital re<span class=\"_ _6\"></span>quirements ar<span class=\"_ _6\"></span>e included within budgets<span class=\"_ _6\"></span>, forecas<span class=\"_ _6\"></span>ts and str<span class=\"_ _6\"></span>ategic plans with initiatives being e<span class=\"_ _6\"></span>xecuted agains<span class=\"_ _6\"></span>t this plan. <div class=\"t m0 hc ff2 fs7 fc2 sc0 ls2 ws2 gscda\"><span class=\"_ _383\">54.\u2002Cap</span><span class=\"_ _1\"></span>ital man<span class=\"_ _1\"></span>age<span class=\"_ _1\"></span>ment<span class=\"ff5 lsd4 ws46\"> c<span class=\"_ _1\"></span>ontinue<span class=\"_ _1\"></span>d<span class=\"_ _383\"> </span></span></div><div class=\"t m0 hd ff1 fs7 fc3 sc0 ls11 ws2 gscdb\">The Group<span class=\"_ _8\"></span>\u2019<span class=\"_ _6\"></span>s Pillar 1 capital information is pr<span class=\"_ _6\"></span>esented belo<span class=\"_ _8\"></span>w:<span class=\"_ _383\"> </span></div><div class=\"t m0 h3a ff2 fs5 fc3 sc0 lse ws71 gscdc\">(Unaudited) </div><div class=\"t m0 h3a ff2 fs5 fc3 sc0 lse ws71 gscdd\">2022<span class=\"_ _383\"> </span></div><div class=\"t m0 h3a ff2 fs5 fc3 sc0 lse ws71 gscde\">\u00a3m<span class=\"_ _383\"> </span></div><div class=\"t m0 h8 ff1 fs5 fc3 sc0 lse ws71 gscdf\">(Unaudited) </div><div class=\"t m0 h8 ff1 fs5 fc3 sc0 lse ws71 gsce0\">2021<span class=\"_ _383\"> </span></div><div class=\"t m0 h8 ff1 fs5 fc3 sc0 lse ws71 gsce1\">\u00a3m<span class=\"_ _383\"> </span></div><div class=\"t m0 hc ff2 fs7 fc3 sc0 ls11 ws2 gsce2\">CET1 capital<span class=\"_ _2d6\"> </span><span class=\"ls2\"> </span></div><div class=\"t m0 hd ff1 fs7 fc3 sc0 ls11 ws2 gsce3\">Called up share capital <span class=\"_ _1cf\"> </span><span class=\"ff2 ws6e\">4.3<span class=\"_ _e5\"> </span></span><span class=\"ls88 wse3\">4.<span class=\"_ _1\"></span>5<span class=\"_ _383\"> </span></span></div><div class=\"t m0 hd ff1 fs7 fc3 sc0 ls11 ws2 gsce4\">Share premium, capit<span class=\"_ _6\"></span>al contribution and share-based paymen<span class=\"_ _6\"></span>t reserve<span class=\"_ _fe\"> </span><span class=\"ff2 lscd wsce\">15.<span class=\"_ _1\"></span>6<span class=\"_ _1c2\"> </span></span><span class=\"lsed wsf2\">1<span class=\"_ _1\"></span>4<span class=\"_ _1\"></span>.1<span class=\"_ _383\"> </span></span></div><div class=\"t m0 hd ff1 fs7 fc3 sc0 ls11 ws2 gsce5\">Retained earnings<span class=\"_ _21f\"> </span><span class=\"ff2 lsf9 ws82\">3,389<span class=\"_ _8\"></span>.4<span class=\"_ _7f\"> </span><span class=\"ff1 lsed wsf2\">3<span class=\"_ _1\"></span>,<span class=\"_ _2\"></span>2<span class=\"_ _1\"></span>1<span class=\"_ _1\"></span>5<span class=\"_ _2\"></span>.1<span class=\"_ _383\"> </span></span></span></div><div class=\"t m0 hd ff1 fs7 fc3 sc0 ls11 ws2 gsce6\">T<span class=\"_ _8\"></span>ransfer r<span class=\"_ _6\"></span>eserve<span class=\"_ _226\"> </span><span class=\"ff2 lse3 wse7\">(1,355.<span class=\"_ _6\"></span>1)<span class=\"_ _aa\"> </span><span class=\"ff1 ls12 wsf\">(1,<span class=\"_ _1\"></span>3<span class=\"_ _1\"></span>55.<span class=\"_ _1\"></span>3)<span class=\"_ _383\"> </span></span></span></div><div class=\"t m0 hd ff1 fs7 fc3 sc0 ls11 ws2 gsce7\">Other reserves<span class=\"_ _28a\"> </span><span class=\"ff2 ls7f wse1\">(3<span class=\"_ _1\"></span>.<span class=\"_ _1\"></span>2)<span class=\"_ _9d\"> </span></span><span class=\"ls88 wse3\">(4.<span class=\"_ _1\"></span>0)<span class=\"_ _383\"> </span></span></div><div class=\"t m0 hd ff1 fs7 fc3 sc0 ls11 ws2 gsce8\">T<span class=\"_ _8\"></span>otal equity attributable to or<span class=\"_ _6\"></span>dinary shareholders<span class=\"_ _219\"> </span><span class=\"ff2 ls7e ws16\">2,0<span class=\"_ _1\"></span>51.0<span class=\"_ _76\"> </span></span><span class=\"lsd7 wsd7\">1<span class=\"_ _2\"></span>,<span class=\"_ _1\"></span>8<span class=\"_ _1\"></span>7<span class=\"_ _2\"></span>4<span class=\"_ _1\"></span>.4<span class=\"_ _383\"> </span></span></div><div class=\"t m0 hd ff1 fs7 fc3 sc0 ls11 ws2 gsce9\">Foreseeable dividends</div><div class=\"t m0 h1f ff1 fsf fc3 sc0 ls2 ws2 gscea\">1<span class=\"_ _383\"> </span></div><div class=\"t m0 hd ff2 fs7 fc3 sc0 lscb wscb gsceb\">(14<span class=\"_ _1\"></span>4.0)<span class=\"_ _a9\"> </span><span class=\"ff1 ls88 wse3\">(9<span class=\"_ _1\"></span>4.7<span class=\"_ _2\"></span>)<span class=\"_ _383\"> </span></span></div><div class=\"t m0 hd ff1 fs7 fc3 sc0 ls11 ws2 gscec\">IFRS 9 transitional adjus<span class=\"_ _6\"></span>tment<span class=\"_ _383\"> </span></div><div class=\"t m0 h1f ff1 fsf fc3 sc0 ls2 ws2 gsced\">2<span class=\"_ _383\"> </span></div><div class=\"t m0 hd ff2 fs7 fc3 sc0 ls81 wsdf gscee\">1.4<span class=\"_ _5f\"> </span><span class=\"ff1 ls86 wsf1\">2<span class=\"_ _2\"></span>.9<span class=\"_ _383\"> </span></span></div><div class=\"t m0 hd ff1 fs7 fc3 sc0 ls11 ws2 gscef\">CO<span class=\"_ _6\"></span>VID-19 ECL<span class=\"_ _6\"></span> transitional adjustmen<span class=\"_ _6\"></span>t</div><div class=\"t m0 h1f ff1 fsf fc3 sc0 ls2 ws2 gscf0\">3<span class=\"_ _383\"> </span></div><div class=\"t m0 hd ff2 fs7 fc3 sc0 lsc5 wsc4 gscf1\">2<span class=\"_ _1\"></span>5<span class=\"_ _1\"></span>.9<span class=\"_ _57\"> </span><span class=\"ff1 ls11 ws6e\">19<span class=\"_ _8\"></span>.0<span class=\"_ _383\"> </span></span></div><div class=\"t m0 hd ff2 fs7 fc3 sc0 ls11 ws2 gscf2\">Deductions from CET1 capital<span class=\"_ _1dd\"> </span><span class=\"ls2\"> <span class=\"_ _21a\"> </span><span class=\"ff1\"> </span></span></div><div class=\"t m0 hd ff1 fs7 fc3 sc0 ls11 ws2 gscf3\">Prudent valuation adjus<span class=\"_ _6\"></span>tment<span class=\"ls2\"><span class=\"_ _383\">4</span><span class=\"_ _29c\"> </span><span class=\"ff2 lscb wscb\">(1.<span class=\"_ _1\"></span>0)<span class=\"_ _4f\"> </span></span><span class=\"ls7f wse1\">(1<span class=\"_ _1\"></span>.0)<span class=\"_ _383\"> </span></span></span></div><div class=\"t m0 hd ff1 fs7 fc3 sc0 ls11 ws2 gscf4\">Intangible assets<span class=\"_ _360\"> </span><span class=\"ff2 ls7e ws16\">(12.0)<span class=\"_ _3d\"> </span></span><span class=\"lsd7 wsd7\">(<span class=\"_ _1\"></span>1<span class=\"_ _2\"></span>8<span class=\"_ _1\"></span>.4)<span class=\"_ _383\"> </span></span></div><div class=\"t m0 hd ff1 fs7 fc3 sc0 ls11 ws2 gscf5\">Deferred t<span class=\"_ _6\"></span>ax asset<span class=\"_ _1a6\"> </span><span class=\"ff2 ls88 wse3\">(0.<span class=\"_ _1\"></span>6)<span class=\"_ _9d\"> </span></span><span class=\"lscc wscd\">(0.5<span class=\"_ _1\"></span>)<span class=\"_ _383\"> </span></span></div><div class=\"t m0 hd ff2 fs7 fc3 sc0 ls11 ws2 gscf6\">CET1 capital<span class=\"_ _220\"> </span><span class=\"lscd wsce\">1,920.7<span class=\"_ _122\"> </span><span class=\"ff1 ls9f wsbc\">1,781.7<span class=\"_ _383\"> </span></span></span></div><div class=\"t m0 hd ff2 fs7 fc3 sc0 ls11 ws2 gscf7\">A<span class=\"_ _8\"></span>T1 capital<span class=\"_ _361\"> </span><span class=\"ls2\"> <span class=\"_ _21a\"> </span><span class=\"ff1\"> </span></span></div><div class=\"t m0 hd ff1 fs7 fc3 sc0 ls11 ws2 gscf8\">A<span class=\"_ _8\"></span>T1 securities<span class=\"_ _2db\"> </span><span class=\"ff2 ls7e ws16\">15<span class=\"_ _1\"></span>0.0<span class=\"_ _18d\"> </span></span><span class=\"ls9f wsbc\">150.0<span class=\"_ _383\"> </span></span></div><div class=\"t m0 hd ff2 fs7 fc3 sc0 ls11 ws2 gscf9\">T<span class=\"_ _8\"></span>otal Tier 1 capital<span class=\"_ _362\"> </span><span class=\"lse5 wsea\">2<span class=\"_ _1\"></span>,0<span class=\"_ _1\"></span>70.<span class=\"_ _1\"></span>7<span class=\"_ _83\"> </span><span class=\"ff1 ls9f wsbc\">1,931.7<span class=\"_ _383\"> </span></span></span></div><div class=\"t m0 hd ff2 fs7 fc3 sc0 ls11 ws2 gscfa\">T<span class=\"_ _8\"></span>otal regulatory capital<span class=\"_ _54\"> </span><span class=\"lse5 wsea\">2<span class=\"_ _1\"></span>,0<span class=\"_ _1\"></span>70.<span class=\"_ _1\"></span>7<span class=\"_ _83\"> </span><span class=\"ff1 ls9f wsbc\">1,931.7<span class=\"_ _383\"> </span></span></span></div><div class=\"t m0 hd ff2 fs7 fc3 sc0 ls11 ws2 gscfb\">Risk<span class=\"_ _6\"></span>-weighted assets (unaudited)<span class=\"_ _363\"> </span><span class=\"ls22 ws1f\">10<span class=\"_ _1\"></span>,4<span class=\"_ _1\"></span>9<span class=\"_ _1\"></span>4.<span class=\"_ _1\"></span>7<span class=\"_ _74\"> </span><span class=\"ff1 lsf8 wsfd\">9,<span class=\"_ _1\"></span>1<span class=\"_ _2\"></span>0<span class=\"_ _2\"></span>1<span class=\"_ _1\"></span>.<span class=\"_ _2\"></span>6<span class=\"_ _383\"> </span></span></span></div><div class=\"t m0 h8 ff1 fs5 fc3 sc0 ls2 ws2 gscfc\">1. <span class=\"_ _41\"> </span> <span class=\"_ _23\"></span>2<span class=\"_ _1\"></span>022 in<span class=\"_ _1\"></span>cl<span class=\"_ _1\"></span>ud<span class=\"_ _1\"></span>es s<span class=\"_ _1\"></span>p<span class=\"_ _1\"></span>ec<span class=\"_ _1\"></span>ial d<span class=\"_ _1\"></span>iv<span class=\"_ _1\"></span>id<span class=\"_ _1\"></span>en<span class=\"_ _1\"></span>d of \u00a3<span class=\"_ _1\"></span>50.<span class=\"_ _1\"></span>3m (\u00a35<span class=\"_ _1\"></span>0.0<span class=\"_ _1\"></span>m ann<span class=\"_ _1\"></span>ou<span class=\"_ _1\"></span>nc<span class=\"_ _1\"></span>e<span class=\"_ _1\"></span>d by th<span class=\"_ _1\"></span>e Bo<span class=\"_ _1\"></span>ar<span class=\"_ _1\"></span>d ro<span class=\"_ _1\"></span>un<span class=\"_ _1\"></span>de<span class=\"_ _1\"></span>d up o<span class=\"_ _1\"></span>n a pe<span class=\"_ _1\"></span>nc<span class=\"_ _1\"></span>e p<span class=\"_ _1\"></span>er s<span class=\"_ _1\"></span>har<span class=\"_ _1\"></span>e ba<span class=\"_ _1\"></span>si<span class=\"_ _1\"></span>s tot<span class=\"_ _1\"></span>als \u00a3<span class=\"_ _1\"></span>50.<span class=\"_ _1\"></span>3m).<span class=\"_ _383\"> </span></div><div class=\"t m0 h8 ff1 fs5 fc3 sc0 ls2 ws2 gscfd\">2. <span class=\"_ _34\"> </span>Th<span class=\"_ _1\"></span>e re<span class=\"_ _1\"></span>gu<span class=\"_ _1\"></span>la<span class=\"_ _1\"></span>tor<span class=\"_ _1\"></span>y ca<span class=\"_ _1\"></span>pit<span class=\"_ _1\"></span>al in<span class=\"_ _1\"></span>cl<span class=\"_ _1\"></span>ud<span class=\"_ _1\"></span>es a \u00a3<span class=\"_ _1\"></span>1.4m ad<span class=\"_ _1\"></span>d-b<span class=\"_ _1\"></span>a<span class=\"_ _1\"></span>ck un<span class=\"_ _1\"></span>de<span class=\"_ _1\"></span>r IF<span class=\"_ _1\"></span>RS 9 tr<span class=\"_ _1\"></span>ans<span class=\"_ _1\"></span>iti<span class=\"_ _1\"></span>on<span class=\"_ _1\"></span>al ar<span class=\"_ _1\"></span>ra<span class=\"_ _1\"></span>ng<span class=\"_ _1\"></span>em<span class=\"_ _1\"></span>ent<span class=\"_ _1\"></span>s. T<span class=\"_ _1\"></span>hi<span class=\"_ _1\"></span>s re<span class=\"_ _1\"></span>pr<span class=\"_ _1\"></span>es<span class=\"_ _1\"></span>ent<span class=\"_ _1\"></span>s 25<span class=\"_ _1\"></span>.0% of t<span class=\"_ _1\"></span>he I<span class=\"_ _1\"></span>FRS 9 tr<span class=\"_ _1\"></span>an<span class=\"_ _1\"></span>sit<span class=\"_ _1\"></span>ion<span class=\"_ _1\"></span>al a<span class=\"_ _1\"></span>dju<span class=\"_ _1\"></span>s<span class=\"_ _1\"></span>tme<span class=\"_ _1\"></span>nt b<span class=\"_ _1\"></span>oo<span class=\"_ _1\"></span>ked d<span class=\"_ _1\"></span>ire<span class=\"_ _1\"></span>c<span class=\"_ _1\"></span>tly </div><div class=\"t m0 h8 ff1 fs5 fc3 sc0 ls2 ws2 gscfe\">to ret<span class=\"_ _1\"></span>ain<span class=\"_ _1\"></span>e<span class=\"_ _1\"></span>d ea<span class=\"_ _1\"></span>rni<span class=\"_ _1\"></span>ng<span class=\"_ _1\"></span>s of \u00a35<span class=\"_ _1\"></span>.9m.<span class=\"_ _383\"> </span></div><div class=\"t m0 h8 ff1 fs5 fc3 sc0 ls2 ws2 gscff\">3. <span class=\"_ _34\"> </span> <span class=\"_ _7\"></span>Th<span class=\"_ _1\"></span>e COV<span class=\"_ _1\"></span>ID<span class=\"_ _1\"></span>-19 ECL tra<span class=\"_ _1\"></span>ns<span class=\"_ _1\"></span>iti<span class=\"_ _1\"></span>on<span class=\"_ _1\"></span>al ad<span class=\"_ _1\"></span>ju<span class=\"_ _1\"></span>stm<span class=\"_ _1\"></span>en<span class=\"_ _1\"></span>t re<span class=\"_ _1\"></span>lat<span class=\"_ _1\"></span>es t<span class=\"_ _1\"></span>o 75% of t<span class=\"_ _1\"></span>he G<span class=\"_ _1\"></span>ro<span class=\"_ _1\"></span>up\u2019s incr<span class=\"_ _1\"></span>e<span class=\"_ _1\"></span>as<span class=\"_ _1\"></span>e in s<span class=\"_ _1\"></span>tag<span class=\"_ _1\"></span>e 1 an<span class=\"_ _1\"></span>d sta<span class=\"_ _1\"></span>ge 2 E<span class=\"_ _1\"></span>CL fo<span class=\"_ _1\"></span>ll<span class=\"_ _1\"></span>ow<span class=\"_ _1\"></span>ing t<span class=\"_ _1\"></span>he i<span class=\"_ _1\"></span>mp<span class=\"_ _1\"></span>ac<span class=\"_ _1\"></span>ts of C<span class=\"_ _1\"></span>OVI<span class=\"_ _1\"></span>D<span class=\"_ _1\"></span>-19 and fo<span class=\"_ _1\"></span>r wh<span class=\"_ _1\"></span>ic<span class=\"_ _1\"></span>h </div><div class=\"t m0 h8 ff1 fs5 fc3 sc0 ls169 ws3f gsd00\">transitional rules are being adopte<span class=\"_ _1\"></span>d for regulatory capital purposes<span class=\"_ _1\"></span>.<span class=\"_ _383\"> </span></div><div class=\"t m0 h8 ff1 fs5 fc3 sc0 ls2 ws2 gsd01\">4. <span class=\"_ _34\"> </span> <span class=\"_ _23\"></span>T<span class=\"_ _1\"></span>h<span class=\"_ _1\"></span>e Gro<span class=\"_ _1\"></span>up h<span class=\"_ _1\"></span>as a<span class=\"_ _1\"></span>do<span class=\"_ _1\"></span>pte<span class=\"_ _1\"></span>d th<span class=\"_ _1\"></span>e si<span class=\"_ _1\"></span>mp<span class=\"_ _1\"></span>li\ufb01<span class=\"_ _1\"></span>ed a<span class=\"_ _1\"></span>pp<span class=\"_ _1\"></span>ro<span class=\"_ _1\"></span>ac<span class=\"_ _1\"></span>h un<span class=\"_ _1\"></span>de<span class=\"_ _1\"></span>r the P<span class=\"_ _1\"></span>ru<span class=\"_ _1\"></span>de<span class=\"_ _1\"></span>nt Valu<span class=\"_ _1\"></span>ati<span class=\"_ _1\"></span>on r<span class=\"_ _1\"></span>ul<span class=\"_ _1\"></span>es<span class=\"_ _1\"></span>, re<span class=\"_ _1\"></span>co<span class=\"_ _1\"></span>gn<span class=\"_ _1\"></span>isi<span class=\"_ _1\"></span>ng a d<span class=\"_ _1\"></span>e<span class=\"_ _1\"></span>duc<span class=\"_ _1\"></span>ti<span class=\"_ _1\"></span>on e<span class=\"_ _1\"></span>qu<span class=\"_ _1\"></span>al to s<span class=\"_ _1\"></span>um of a<span class=\"_ _1\"></span>bs<span class=\"_ _1\"></span>ol<span class=\"_ _1\"></span>ute va<span class=\"_ _1\"></span>lu<span class=\"_ _1\"></span>e to 0.1% of fair v<span class=\"_ _1\"></span>alu<span class=\"_ _1\"></span>e as<span class=\"_ _1\"></span>s<span class=\"_ _1\"></span>et<span class=\"_ _1\"></span>s </div><div class=\"t m0 h8 ff1 fs5 fc3 sc0 ls169 ws3f gsd02\"><span class=\"_ _383\">and liabilities excluding offsetting fair</span><span class=\"_ _6\"></span>-valued assets and liabilities. </div><div class=\"t m0 hd ff1 fs7 fc3 sc0 ls11 ws2 gsd03\">The mov<span class=\"_ _6\"></span>ement in CET1 during the year w<span class=\"_ _6\"></span>as as follo<span class=\"_ _6\"></span>ws:<span class=\"_ _383\"> </span></div><div class=\"t m0 h3a ff2 fs5 fc3 sc0 lse ws71 gsd04\">(Unaudited) </div><div class=\"t m0 h3a ff2 fs5 fc3 sc0 lse ws71 gsd05\">2022<span class=\"_ _383\"> </span></div><div class=\"t m0 h3a ff2 fs5 fc3 sc0 lse ws71 gsd06\">\u00a3m<span class=\"_ _383\"> </span></div><div class=\"t m0 h8 ff1 fs5 fc3 sc0 lse ws71 gsd07\">(Unaudited) </div><div class=\"t m0 h8 ff1 fs5 fc3 sc0 lse ws71 gsd08\">2021<span class=\"_ _383\"> </span></div><div class=\"t m0 h8 ff1 fs5 fc3 sc0 lse ws71 gsd09\">\u00a3m<span class=\"_ _383\"> </span></div><div class=\"t m0 hd ff1 fs7 fc3 sc0 ls11 ws2 gsd0a\">At 1 January<span class=\"_ _183\"> </span><span class=\"ff2 ls14 ws11\">1,781.7<span class=\"_ _69\"> </span></span><span class=\"ls1f ws1c\">1,566.<span class=\"_ _6\"></span>0<span class=\"_ _383\"> </span></span></div><div class=\"t m0 hd ff1 fs7 fc3 sc0 ls11 ws2 gsd0b\">Mov<span class=\"_ _6\"></span>ement in ret<span class=\"_ _6\"></span>ained earnings<span class=\"_ _1ef\"> </span><span class=\"ff2 ls12 wsf\">174.3<span class=\"_ _8e\"> </span></span><span class=\"ls9f wsbc\">1,60<span class=\"_ _1\"></span>6.5<span class=\"_ _383\"> </span></span></div><div class=\"t m0 hd ff1 fs7 fc3 sc0 ls11 ws2 gsd0c\">Share premium fr<span class=\"_ _6\"></span>om Sharesav<span class=\"_ _6\"></span>e Scheme vesting<span class=\"_ _56\"> </span><span class=\"ff2 lscd wsce\">1.7<span class=\"_ _e5\"> </span></span><span class=\"ls9f wsbc\">0.7<span class=\"_ _383\"> </span></span></div><div class=\"t m0 hd ff1 fs7 fc3 sc0 ls11 ws2 gsd0d\">Mov<span class=\"_ _6\"></span>ement in other reserves<span class=\"_ _51\"> </span><span class=\"ff2 ws6e\">0.<span class=\"_ _1\"></span>6<span class=\"_ _121\"> </span></span><span class=\"ls2c ws29\">(1,349<span class=\"_ _1f6\"></span>.7<span class=\"_ _1\"></span>)<span class=\"_ _383\"> </span></span></div><div class=\"t m0 hd ff1 fs7 fc3 sc0 ls11 ws2 gsd0e\">Mov<span class=\"_ _6\"></span>ement in for<span class=\"_ _6\"></span>eseeable dividends<span class=\"_ _112\"> </span><span class=\"ff2 lsc6 wsc5\">(<span class=\"_ _2\"></span>4<span class=\"_ _2\"></span>9.<span class=\"_ _2\"></span>3<span class=\"_ _1\"></span>)<span class=\"_ _91\"> </span></span><span class=\"lsf8 wsfd\">(<span class=\"_ _2\"></span>2<span class=\"_ _2\"></span>9.<span class=\"_ _2\"></span>8<span class=\"_ _2\"></span>)<span class=\"_ _383\"> </span></span></div><div class=\"t m0 hd ff1 fs7 fc3 sc0 ls11 ws2 gsd0f\">IFRS 9 transitional adjus<span class=\"_ _6\"></span>tment<span class=\"_ _364\"> </span><span class=\"ff2 ls87 wsc6\">(1.5<span class=\"_ _1\"></span>)<span class=\"_ _9d\"> </span></span><span class=\"lsc7 ws7f\">(2<span class=\"_ _1\"></span>.0)<span class=\"_ _383\"> </span></span></div><div class=\"t m0 hd ff1 fs7 fc3 sc0 ls11 ws2 gsd10\">CO<span class=\"_ _6\"></span>VID-19 ECL<span class=\"_ _6\"></span> transitional adjustmen<span class=\"_ _6\"></span>t<span class=\"_ _365\"> </span><span class=\"ff2 lsc5 wsc4\">6<span class=\"_ _1\"></span>.9<span class=\"_ _9d\"> </span></span><span class=\"ls7f wse1\">(<span class=\"_ _1\"></span>12.0)<span class=\"_ _383\"> </span></span></div><div class=\"t m0 hd ff1 fs7 fc3 sc0 ls11 ws2 gsd11\">Mov<span class=\"_ _6\"></span>ement in prudent v<span class=\"_ _6\"></span>aluation adjustment<span class=\"_ _209\"> </span><span class=\"ff2 ls2\">-<span class=\"_ _d0\"> </span></span><span class=\"lsc7 ws7f\">(<span class=\"_ _1\"></span>0.<span class=\"_ _1\"></span>6)<span class=\"_ _383\"> </span></span></div><div class=\"t m0 hd ff1 fs7 fc3 sc0 ls11 ws2 gsd12\">Net decrease in int<span class=\"_ _6\"></span>angible assets<span class=\"_ _349\"> </span><span class=\"ff2 ls81 wsdf\">6.4<span class=\"_ _15e\"> </span></span><span class=\"ls2\">2.<span class=\"_ _1\"></span>2<span class=\"_ _383\"> </span></span></div><div class=\"t m0 hd ff1 fs7 fc3 sc0 ls11 ws2 gsd13\">Mov<span class=\"_ _6\"></span>ement in def<span class=\"_ _6\"></span>erred tax asset for c<span class=\"_ _6\"></span>arried forwar<span class=\"_ _6\"></span>d losses<span class=\"_ _2ac\"> </span><span class=\"ff2 lsc3 wsc2\">(<span class=\"_ _1\"></span>0<span class=\"_ _1\"></span>.1<span class=\"_ _1\"></span>)<span class=\"_ _1b4\"> </span></span><span class=\"lsd7 wsd7\">0<span class=\"_ _1\"></span>.4<span class=\"_ _383\"> </span></span></div><div class=\"t m0 hd ff2 fs7 fc3 sc0 ls11 ws2 gsd14\">At 31 December<span class=\"_ _2e3\"> </span><span class=\"lscd wsce\">1,<span class=\"_ _6\"></span>920.7<span class=\"_ _74\"> </span><span class=\"ff1 ls9f wsbc\">1,781.7</span></span></div>",
   "dimensions": {
    "concept": "ifrs-full:DisclosureOfNotesAndOtherExplanatoryInformationExplanatory",
    "language": "en",
    "entity": "scheme:213800ZBKL9BHSL2K459",
    "period": "2022-01-01T00:00:00/2023-01-01T00:00:00"
   }
  },
  "fact-480": {
   "value": "<span class=\"_ _383\">1.\u2002Acc</span><span class=\"_ _1\"></span>ountin<span class=\"_ _1\"></span>g pol<span class=\"_ _1\"></span>icie<span class=\"_ _1\"></span>s<span class=\"_ _383\"> </span><span class=\"_ _383\">a)\u2002Basis of p</span><span class=\"_ _1\"></span>rep<span class=\"_ _1\"></span>arat<span class=\"_ _1\"></span>ion<span class=\"_ _383\"> </span>The \ufb01nancial statemen<span class=\"_ _6\"></span>ts have been pr<span class=\"_ _6\"></span>epared in accordance with Int<span class=\"_ _6\"></span>ernational Financial Reporting Standards (IFR<span class=\"_ _6\"></span>Ss) as adopted by the United Kingdom (UK<span class=\"_ _1\"></span>) and interpre<span class=\"_ _6\"></span>tations issued by the IFRS Int<span class=\"_ _6\"></span>erpretations Committee (IFRS IC<span class=\"_ _6\"></span>).<span class=\"_ _383\"> </span>The \ufb01nancial statemen<span class=\"_ _6\"></span>ts have been pr<span class=\"_ _6\"></span>epared on a hist<span class=\"_ _6\"></span>orical cost basis<span class=\"_ _6\"></span>, as modi\ufb01ed by the re<span class=\"_ _6\"></span>valuation of inv<span class=\"_ _8\"></span>estment securities held at FVOCI and derivative con<span class=\"_ _6\"></span>tracts and other \ufb01nancial asse<span class=\"_ _6\"></span>ts held at fair value thr<span class=\"_ _6\"></span>ough pro\ufb01t or loss (FVTPL) (see note 1 p) vi.<span class=\"_ _1f6\"></span>).<span class=\"_ _383\"> </span>The \ufb01nancial statemen<span class=\"_ _6\"></span>ts are pr<span class=\"_ _6\"></span>esented in Pounds St<span class=\"_ _6\"></span>erling. All amounts in the \ufb01nancial st<span class=\"_ _6\"></span>atements hav<span class=\"_ _6\"></span>e been rounded to the near<span class=\"_ _6\"></span>est \u00a30<span class=\"_ _8\"></span>.1m (\u00a3m). Foreign oper<span class=\"_ _6\"></span>ations are included in accordance with the policies set out in this note<span class=\"_ _8\"></span>.<span class=\"_ _383\"> </span>b<span class=\"_ _6\"></span><span class=\"_ _383\">)\u2002R</span><span class=\"_ _6\"></span>estatemen<span class=\"_ _6\"></span>t<span class=\"_ _383\"> </span>In the prior year<span class=\"_ _8\"></span>, cash collateral and mar<span class=\"_ _6\"></span>gin received on in<span class=\"_ _6\"></span>terest r<span class=\"_ _8\"></span>ate swaps of \u00a3115.<span class=\"_ _1f6\"></span>4m was included in \ufb01nancing cash \ufb02o<span class=\"_ _6\"></span>ws in the Consolidated Statemen<span class=\"_ _6\"></span>t of Cash Flow<span class=\"_ _6\"></span>s. As the cash \ufb02o<span class=\"_ _6\"></span>ws arise on hedging activities relat<span class=\"_ _6\"></span>ed to items classi\ufb01ed as oper<span class=\"_ _6\"></span>ating assets and liabilities within the Consolidated Statemen<span class=\"_ _6\"></span>t of Cash Flow<span class=\"_ _6\"></span>s, the cash \ufb02o<span class=\"_ _6\"></span>ws should be included within oper<span class=\"_ _6\"></span>ating cash \ufb02ows<span class=\"_ _8\"></span>. In the current year<span class=\"_ _8\"></span>, cash collateral and margin r<span class=\"_ _6\"></span>eceived on inter<span class=\"_ _6\"></span>est r<span class=\"_ _6\"></span>ate sw<span class=\"_ _6\"></span>aps has been classi\ufb01ed as an operating cash \ufb02o<span class=\"_ _6\"></span>w in 2022 and the 2021 Consolidated S<span class=\"_ _6\"></span>tatement o<span class=\"_ _6\"></span>f Cash Flows rest<span class=\"_ _6\"></span>ated to reclassify a cash in\ufb02o<span class=\"_ _8\"></span>w of \u00a3<span class=\"_ _1\"></span>115.<span class=\"_ _1f6\"></span>4m from \ufb01nancing activities to oper<span class=\"_ _6\"></span>ating activities.<span class=\"_ _383\"> </span>c)  Going co<span class=\"_ _1\"></span>nce<span class=\"_ _1\"></span>rn<span class=\"_ _383\"> </span>The Board undertak<span class=\"_ _8\"></span>es regular rigorous assessments o<span class=\"_ _6\"></span>f whether the Group is a going concern in light of curr<span class=\"_ _6\"></span>ent economic conditions and all available information about futur<span class=\"_ _6\"></span>e risk<span class=\"_ _6\"></span>s and uncertainties. In assessing whether the going concern basis is appropriate<span class=\"_ _6\"></span>, projections for the Gr<span class=\"_ _6\"></span>oup have been prepar<span class=\"_ _6\"></span>ed, cov<span class=\"_ _6\"></span>ering its future performance, capital and liquidity for a period in e<span class=\"_ _6\"></span>xcess of 12 months fr<span class=\"_ _6\"></span>om the date of appr<span class=\"_ _6\"></span>oval o<span class=\"_ _6\"></span>f these \ufb01nancial statemen<span class=\"_ _6\"></span>ts. These f<span class=\"_ _6\"></span>orecast<span class=\"_ _6\"></span>s have been subject to sensitivity test<span class=\"_ _6\"></span>s, including s<span class=\"_ _6\"></span>tress scenarios, which hav<span class=\"_ _6\"></span>e been compared to the lates<span class=\"_ _6\"></span>t economic scenarios provided by the Gr<span class=\"_ _6\"></span>oup<span class=\"_ _6\"></span>\u2019<span class=\"_ _8\"></span>s external economic advisors, as w<span class=\"_ _6\"></span>ell as re<span class=\"_ _6\"></span>ver<span class=\"_ _6\"></span>se stress tes<span class=\"_ _6\"></span>ts<span class=\"_ _6\"></span>. The assessments include the follo<span class=\"_ _8\"></span>wing:<span class=\"_ _1\"></span> \u2022 <span class=\"_ _124\"> </span><span class=\"ws2\">Financial and capital forecasts w<span class=\"_ _8\"></span>ere prepared under s<span class=\"_ _6\"></span>tress scenarios which wer<span class=\"_ _6\"></span>e assessed against the lates<span class=\"_ _6\"></span>t economic forecasts pr<span class=\"_ _6\"></span>ovided </span>by the Group<span class=\"_ _8\"></span>\u2019<span class=\"_ _6\"></span>s external economic advisors<span class=\"_ _8\"></span>. Rever<span class=\"_ _6\"></span>se stress t<span class=\"_ _6\"></span>ests w<span class=\"_ _6\"></span>ere also run, to assess what combinations of House Price Index (HPI) and unemployment variables w<span class=\"_ _6\"></span>ould result in the Gr<span class=\"_ _6\"></span>oup utilising its regulatory capit<span class=\"_ _6\"></span><span class=\"_ _383\">al buffers in full and bre</span><span class=\"_ _6\"></span>aching the Group<span class=\"_ _8\"></span>\u2019<span class=\"_ _6\"></span>s minimum prudential requiremen<span class=\"_ _6\"></span>ts along with analysis and insight fr<span class=\"_ _6\"></span>om the Group<span class=\"_ _8\"></span>\u2019<span class=\"_ _6\"></span>s Internal Capital A<span class=\"_ _6\"></span>dequacy Assessment Process (IC<span class=\"_ _6\"></span>AAP). The Directors assesse<span class=\"_ _6\"></span>d the lik<span class=\"_ _6\"></span>elihood of those re<span class=\"_ _8\"></span>verse str<span class=\"_ _6\"></span>ess scenarios occurring within the next 12 months and concluded that the lik<span class=\"_ _8\"></span>eliho<span class=\"_ _1\"></span>od is remote<span class=\"_ _6\"></span>. \u2022 <span class=\"_ _124\"> </span><span class=\"ws2\">The latest liquidity and contingent liquidity positions and for<span class=\"_ _6\"></span>ecasts w<span class=\"_ _6\"></span>ere assessed agains<span class=\"_ _6\"></span>t the Internal Liquidity Adequacy Assessmen<span class=\"_ _6\"></span>t Process </span>(ILAAP) stress scenarios<span class=\"_ _6\"></span>. \u2022 <span class=\"_ _124\"> </span><span class=\"ws2\">The Group continues to assess the resilience of its business oper<span class=\"_ _6\"></span>ating model and supporting infras<span class=\"_ _6\"></span>tructure in the conte<span class=\"_ _6\"></span>xt of the emer<span class=\"_ _6\"></span>ging </span>economic, business and regulatory en<span class=\"_ _8\"></span>vironment. The k<span class=\"_ _6\"></span>ey areas o<span class=\"_ _6\"></span>f focus continues to be on the pro<span class=\"_ _6\"></span>vision of the Group<span class=\"_ _8\"></span>\u2019<span class=\"_ _8\"></span>s Impor<span class=\"_ _1\"></span>tant Business Services, minimising the impact of any service disruptions on the Group<span class=\"_ _6\"></span>\u2019<span class=\"_ _8\"></span>s customers or the wider \ufb01nancial services industry. The Group<span class=\"_ _8\"></span>\u2019<span class=\"_ _8\"></span>s response to the CO<span class=\"_ _8\"></span>VID-19 pandemic demonstr<span class=\"_ _6\"></span>ated the inheren<span class=\"_ _6\"></span>t resilience of its critical pr<span class=\"_ _6\"></span>ocesses and infrastructur<span class=\"_ _6\"></span>e and its agility in responding to changing oper<span class=\"_ _6\"></span>ational demands. The Gr<span class=\"_ _6\"></span>oup recognises the need to continually inv<span class=\"_ _8\"></span>est in the resilience of its services, with speci\ufb01c focus in 2023 on ensuring that the thir<span class=\"_ _6\"></span>d parties on which it depends have the appropriate le<span class=\"_ _6\"></span>vels of r<span class=\"_ _6\"></span>esilience and in further<span class=\"_ _1\"></span> automating those processes that are sensitiv<span class=\"_ _6\"></span>e to increases in v<span class=\"_ _6\"></span>olume.<span class=\"_ _383\"> </span>The Group<span class=\"_ _8\"></span>\u2019<span class=\"_ _6\"></span>s \ufb01nancial projections demons<span class=\"_ _6\"></span>trate that the Gr<span class=\"_ _6\"></span><span class=\"_ _383\">oup has sufficient capital and liquidity to con</span><span class=\"_ _6\"></span>tinue to meet its regulatory c<span class=\"_ _6\"></span>apital requiremen<span class=\"_ _6\"></span>ts as set out by the Prudential R<span class=\"_ _6\"></span>egulation Authority (PRA). The Board has there<span class=\"_ _6\"></span>fore concluded that the Gr<span class=\"_ _6\"></span><span class=\"_ _383\">oup has sufficient resour</span><span class=\"_ _6\"></span>ces to continue in operational e<span class=\"_ _6\"></span>xistence for a period in e<span class=\"_ _6\"></span>xcess of 12 mon<span class=\"_ _6\"></span>ths and as a result, it is appropriat<span class=\"_ _6\"></span>e to prepare these \ufb01nancial s<span class=\"_ _6\"></span>tatement<span class=\"_ _6\"></span>s on a going concern basis.<span class=\"_ _383\"> </span><span class=\"_ _383\">d)\u2002B</span><span class=\"_ _1\"></span>asis of c<span class=\"_ _1\"></span>on<span class=\"_ _1\"></span>soli<span class=\"_ _1\"></span>datio<span class=\"_ _1\"></span>n<span class=\"_ _383\"> </span>The Group accounts include the r<span class=\"_ _6\"></span>esults of the Company and its subsidiary undertakings. Subsidiaries ar<span class=\"_ _6\"></span>e fully consolidated from the date on which control is tr<span class=\"_ _6\"></span>ansferre<span class=\"_ _6\"></span>d to the Group and are deconsolidated fr<span class=\"_ _6\"></span>om the date that control ceases<span class=\"_ _6\"></span>. Upon consolidation, inter<span class=\"_ _6\"></span>company transactions<span class=\"_ _6\"></span>, balances and unrealised gains on tr<span class=\"_ _6\"></span>ansactions are eliminated. Unr<span class=\"_ _6\"></span>ealised losses are also eliminate<span class=\"_ _6\"></span>d unless the transaction pr<span class=\"_ _6\"></span>ovides evidence of impairmen<span class=\"_ _6\"></span>t of the asset trans<span class=\"_ _6\"></span>ferred. Accounting policies o<span class=\"_ _6\"></span>f subsidiaries have been changed where necessary to ensur<span class=\"_ _6\"></span>e consistency, so far as is possible, with the policies adop<span class=\"_ _6\"></span>ted by the Group<span class=\"_ _6\"></span>. Subsidiaries are those entities<span class=\"_ _8\"></span>, including structured entities<span class=\"_ _6\"></span>, ov<span class=\"_ _6\"></span>er which the Group has contr<span class=\"_ _6\"></span>ol. The Group contr<span class=\"_ _6\"></span>ols an entity when it is exposed, or has rights<span class=\"_ _6\"></span>, to variable r<span class=\"_ _6\"></span>eturns from its in<span class=\"_ _6\"></span>volv<span class=\"_ _6\"></span><span class=\"_ _383\">ement with the entity and has the ability to aff</span><span class=\"_ _6\"></span>ect those returns through it<span class=\"_ _6\"></span>s pow<span class=\"_ _6\"></span>er ov<span class=\"_ _6\"></span>er the inv<span class=\"_ _6\"></span>estee. The Group has po<span class=\"_ _6\"></span>wer o<span class=\"_ _6\"></span>ver an entity when it has e<span class=\"_ _6\"></span>xisting righ<span class=\"_ _6\"></span>ts that give it the curr<span class=\"_ _6\"></span>ent ability to direct the activities that mos<span class=\"_ _6\"></span><span class=\"_ _383\">t signi\ufb01cantly aff</span><span class=\"_ _6\"></span>ect the entity<span class=\"_ _6\"></span>\u2019<span class=\"_ _8\"></span>s returns. Po<span class=\"_ _6\"></span>wer may be det<span class=\"_ _6\"></span>ermined on the basis of vo<span class=\"_ _6\"></span>ting rights or<span class=\"_ _1f6\"></span>, in the case of structured en<span class=\"_ _6\"></span>tities, other contr<span class=\"_ _6\"></span>actual arr<span class=\"_ _6\"></span>angements<span class=\"_ _6\"></span>.<span class=\"_ _383\"> </span>Where the Group does not r<span class=\"_ _6\"></span>etain a direct o<span class=\"_ _6\"></span>wnership in<span class=\"_ _6\"></span>terest in a securitisation en<span class=\"_ _6\"></span>tity, but the Directors hav<span class=\"_ _8\"></span>e determined that the Group controls those entities<span class=\"_ _6\"></span>, they are treat<span class=\"_ _6\"></span>ed as subsidiaries and are consolidated. Contr<span class=\"_ _6\"></span>ol is determined to exis<span class=\"_ _6\"></span>t if the Group has the po<span class=\"_ _6\"></span>wer to dir<span class=\"_ _6\"></span>ect the activities of each entity (f<span class=\"_ _6\"></span>or example<span class=\"_ _8\"></span>, managing the per<span class=\"_ _1\"></span>formance of the underlying mortgage assets and raising debt on those mortgage assets which is used to fund the Group<span class=\"_ _6\"></span>) and, in addition to this<span class=\"_ _6\"></span>, control is e<span class=\"_ _6\"></span>xposed to a variable return (f<span class=\"_ _6\"></span>or example<span class=\"_ _8\"></span>, retaining the residual risk on the mortgage assets). Securitisation structures that do not meet these criteria ar<span class=\"_ _6\"></span>e not treat<span class=\"_ _6\"></span>ed as subsidiaries and are ex<span class=\"_ _6\"></span>cluded from the consolidated accounts. The Company applies the net appr<span class=\"_ _6\"></span>oach in accounting for securitisation structur<span class=\"_ _6\"></span>es where it r<span class=\"_ _6\"></span>etains an inter<span class=\"_ _6\"></span>est in the securitisation, netting the loan notes held agains<span class=\"_ _6\"></span>t the deemed loan balance.<span class=\"_ _383\"> </span><div class=\"t m3 hc ff2 fs7 fc2 sc0 ls2 ws2 gs94\"><span class=\"_ _383\">1.\u2002Acc</span><span class=\"_ _1\"></span>ountin<span class=\"_ _1\"></span>g pol<span class=\"_ _1\"></span>icie<span class=\"_ _1\"></span>s<span class=\"ff5 lsd4 ws46\"> continue<span class=\"_ _1\"></span>d<span class=\"_ _383\"> </span></span></div><div class=\"t m3 hc ff2 fs7 fc3 sc0 ls2 ws2 gs95\"><span class=\"_ _383\">d)\u2002B</span><span class=\"_ _1\"></span>asis of c<span class=\"_ _1\"></span>on<span class=\"_ _1\"></span>soli<span class=\"_ _1\"></span>datio<span class=\"_ _1\"></span>n<span class=\"ff5 lsd4 ws46\"> continue<span class=\"_ _1\"></span>d<span class=\"_ _383\"> </span></span></div><div class=\"t m3 hd ff1 fs7 fc3 sc0 ls11 ws2 gs96\">The Group<span class=\"_ _8\"></span>\u2019<span class=\"_ _6\"></span>s Employee Bene\ufb01t T<span class=\"_ _8\"></span>rust (EBT) is controlled and recognised by the Company using the look<span class=\"_ _6\"></span>-through appro<span class=\"_ _6\"></span>ach, i.e<span class=\"_ _6\"></span>. as if the EBT is<span class=\"_ _383\"> </span> </div><div class=\"t m3 hd ff1 fs7 fc3 sc0 ls11 ws2 gs97\">included within the accounts of the Company.<span class=\"_ _383\"> </span> </div><div class=\"t m3 hd ff1 fs7 fc3 sc0 ls11 ws2 gs98\">The Group is not deemed to contr<span class=\"_ _6\"></span>ol an entity when it ex<span class=\"_ _6\"></span>ercises po<span class=\"_ _6\"></span>wer o<span class=\"_ _6\"></span>ver an en<span class=\"_ _6\"></span>tity in an agency capacity. In determining whether the Group<span class=\"_ _383\"> </span> </div><div class=\"t m3 hd ff1 fs7 fc3 sc0 ls11 ws2 gs99\">is acting as an agent, the Direct<span class=\"_ _6\"></span>ors consider the ov<span class=\"_ _6\"></span>erall r<span class=\"_ _6\"></span>elationship between the Group<span class=\"_ _6\"></span>, the inv<span class=\"_ _6\"></span>estee and other parties to the arrangemen<span class=\"_ _6\"></span>t with<span class=\"_ _383\"> </span> </div><div class=\"t m3 hd ff1 fs7 fc3 sc0 ls11 ws2 gs9a\">respect to the follo<span class=\"_ _8\"></span>wing factors: (i) the scope of the Group<span class=\"_ _8\"></span>\u2019<span class=\"_ _8\"></span>s de<span class=\"_ _1\"></span>cision-making pow<span class=\"_ _6\"></span>er; (ii) the rights held by other parties; (iii) the remuner<span class=\"_ _6\"></span>ation to<span class=\"_ _383\"> </span> </div><div class=\"t m3 hd ff1 fs7 fc3 sc0 ls11 ws2 gs9b\">which the Group is entitled; and (iv<span class=\"_ _6\"></span>) the Group<span class=\"_ _8\"></span>\u2019<span class=\"_ _8\"></span>s exposure to variability of r<span class=\"_ _6\"></span>eturns. The de<span class=\"_ _6\"></span>termination of control is base<span class=\"_ _6\"></span>d on the current fac<span class=\"_ _6\"></span>ts and<span class=\"_ _383\"> </span> </div><div class=\"t m3 hd ff1 fs7 fc3 sc0 ls11 ws2 gs9c\">circumst<span class=\"_ _6\"></span>ances and is continuously assessed.<span class=\"_ _383\"> </span> </div><div class=\"t m3 hd ff1 fs7 fc3 sc0 ls11 ws2 gs9d\">In some circumst<span class=\"_ _6\"></span><span class=\"_ _383\">ances, differ</span><span class=\"_ _6\"></span>ent fact<span class=\"_ _6\"></span><span class=\"_ _383\">ors and conditions may indicate that differ</span><span class=\"_ _6\"></span>ent parties control an entity depending on whether those f<span class=\"_ _6\"></span>actors<span class=\"_ _383\"> </span> </div><div class=\"t m3 hd ff1 fs7 fc3 sc0 ls11 ws2 gs9e\">and conditions are assessed in isolation or in totality. Judgemen<span class=\"_ _6\"></span>t is applied in assessing the rele<span class=\"_ _6\"></span>vant fac<span class=\"_ _6\"></span>tors and conditions in totality when<span class=\"_ _383\"> </span> </div><div class=\"t m3 hd ff1 fs7 fc3 sc0 ls11 ws2 gs9f\">determining whether the Group con<span class=\"_ _6\"></span>trols an entity. Speci\ufb01cally, judgemen<span class=\"_ _6\"></span>t is applied in assessing whether the Group has subst<span class=\"_ _6\"></span>antive decision-<span class=\"_ _383\"> </span></div><div class=\"t m3 hd ff1 fs7 fc3 sc0 ls11 ws2 gsa0\">making rights o<span class=\"_ _6\"></span>ver the r<span class=\"_ _6\"></span>elevan<span class=\"_ _6\"></span>t activities and whether it is ex<span class=\"_ _6\"></span>ercising pow<span class=\"_ _8\"></span>er as a principal or an agent.<span class=\"_ _383\"> </span></div><div class=\"t m3 hc ff2 fs7 fc3 sc0 ls2d ws2a gsa1\">e<span class=\"_ _6\"></span><span class=\"_ _383\">)\u2002Foreig</span><span class=\"_ _6\"></span>n currency tra<span class=\"_ _6\"></span>nslation<span class=\"_ _383\"> </span></div><div class=\"t m3 hd ff1 fs7 fc3 sc0 ls11 ws2 gsa2\">The consolidated \ufb01nancial statemen<span class=\"_ _6\"></span>ts are pr<span class=\"_ _6\"></span>esented in Pounds S<span class=\"_ _6\"></span>terling which is the present<span class=\"_ _6\"></span>ation currency of the Group<span class=\"_ _6\"></span>. The \ufb01nancial stat<span class=\"_ _6\"></span>ements<span class=\"_ _383\"> </span> </div><div class=\"t m3 hd ff1 fs7 fc3 sc0 ls11 ws2 gsa3\">of each of the Company<span class=\"_ _6\"></span>\u2019<span class=\"_ _8\"></span>s subsidiaries are measured using the curr<span class=\"_ _6\"></span>ency of the primary economic environmen<span class=\"_ _6\"></span>t in which the subsidiary operates<span class=\"_ _383\"> </span> </div><div class=\"t m3 hd ff1 fs7 fc3 sc0 ls11 ws2 gsa4\">(the functional currency). For<span class=\"_ _6\"></span>eign currency transactions ar<span class=\"_ _6\"></span>e translat<span class=\"_ _6\"></span>ed into the functional curr<span class=\"_ _6\"></span>encies using the exchange r<span class=\"_ _6\"></span>ates pre<span class=\"_ _6\"></span>vailing at the<span class=\"_ _383\"> </span> </div><div class=\"t m3 hd ff1 fs7 fc3 sc0 ls11 ws2 gsa5\">date of the tr<span class=\"_ _6\"></span>ansactions. Monet<span class=\"_ _6\"></span>ary items denominated in for<span class=\"_ _6\"></span>eign currencies are r<span class=\"_ _6\"></span>etranslated at the r<span class=\"_ _8\"></span>ate prevailing at the period end.<span class=\"_ _383\"> </span></div><div class=\"t m3 hd ff1 fs7 fc3 sc0 ls11 ws2 gsa6\">Foreign ex<span class=\"_ _6\"></span>change (FX) gains and losses resulting from the retr<span class=\"_ _8\"></span>anslation and settlement of these items are r<span class=\"_ _6\"></span>ecognised in pro\ufb01t or loss<span class=\"_ _6\"></span>. Non-<span class=\"_ _383\"> </span></div><div class=\"t m3 hd ff1 fs7 fc3 sc0 ls11 ws2 gsa7\">monetary items measur<span class=\"_ _6\"></span>ed at cost in the foreign curr<span class=\"_ _6\"></span>ency are tr<span class=\"_ _6\"></span>anslated using the spot FX r<span class=\"_ _6\"></span>ate at the date of the tr<span class=\"_ _6\"></span>ansaction.<span class=\"_ _383\"> </span> </div><div class=\"t m3 hd ff1 fs7 fc3 sc0 ls11 ws2 gsa8\">The assets and liabilities of for<span class=\"_ _6\"></span>eign operations with functional curr<span class=\"_ _6\"></span>encies other than Pounds Sterling ar<span class=\"_ _6\"></span>e translated in<span class=\"_ _6\"></span>to the presen<span class=\"_ _6\"></span>tation<span class=\"_ _383\"> </span> </div><div class=\"t m3 hd ff1 fs7 fc3 sc0 ls11 ws2 gsa9\">currency at the ex<span class=\"_ _6\"></span>change rate on the r<span class=\"_ _6\"></span>eporting date. The income and expenses o<span class=\"_ _6\"></span>f foreign oper<span class=\"_ _6\"></span>ations are tr<span class=\"_ _6\"></span>anslated at the rates on the dat<span class=\"_ _6\"></span>es of<span class=\"_ _383\"> </span> </div><div class=\"t m3 hd ff1 fs7 fc3 sc0 ls11 ws2 gsaa\">transactions<span class=\"_ _6\"></span><span class=\"_ _383\">. Exchange diff</span><span class=\"_ _6\"></span>erences on foreign oper<span class=\"_ _8\"></span>ations are recognised in other comprehensive income (<span class=\"_ _6\"></span>OCI) and accumulated in the foreign<span class=\"_ _383\"> </span> </div><div class=\"t m3 hd ff1 fs7 fc3 sc0 ls11 ws2 gsab\">exchange r<span class=\"_ _6\"></span>eserve within equity.<span class=\"_ _383\"> </span> </div><div class=\"t m3 hc ff2 fs7 fc3 sc0 ls2 ws2 gsac\">f<span class=\"_ _1\"></span><span class=\"_ _383\">)\u2002Se</span><span class=\"_ _1\"></span>gme<span class=\"_ _1\"></span>ntal r<span class=\"_ _1\"></span>epo<span class=\"_ _1\"></span>rt<span class=\"_ _1\"></span>ing<span class=\"_ _383\"> </span></div><div class=\"t m3 hd ff1 fs7 fc3 sc0 ls11 ws2 gsad\">IFRS 8 requir<span class=\"_ _6\"></span>es operating segmen<span class=\"_ _6\"></span>ts to be identi\ufb01ed on the basis o<span class=\"_ _6\"></span>f internal reports and component<span class=\"_ _6\"></span>s of the Group which are r<span class=\"_ _6\"></span>egularly re<span class=\"_ _6\"></span>view<span class=\"_ _6\"></span>ed<span class=\"_ _383\"> </span> </div><div class=\"t m3 hd ff1 fs7 fc3 sc0 ls11 ws2 gsae\">by the chief operating decision mak<span class=\"_ _8\"></span>er to allocate resources to se<span class=\"_ _6\"></span>gments and to assess their performance<span class=\"_ _6\"></span>. For this purpose, the chief oper<span class=\"_ _6\"></span>ating<span class=\"_ _383\"> </span> </div><div class=\"t m3 hd ff1 fs7 fc3 sc0 ls11 ws2 gsaf\">decision mak<span class=\"_ _6\"></span>er of the Group is the Boar<span class=\"_ _6\"></span>d of Director<span class=\"_ _6\"></span>s.<span class=\"_ _383\"> </span></div><div class=\"t m3 hd ff1 fs7 fc3 sc0 ls11 ws2 gsb0\">The Group pro<span class=\"_ _6\"></span>vides loans and asset \ufb01nance within the UK and the Channel Islands only.<span class=\"_ _383\"> </span></div><div class=\"t m3 hd ff1 fs7 fc3 sc0 ls11 ws2 gsb1\">The Group segment<span class=\"_ _6\"></span>s its lending business and operates under tw<span class=\"_ _8\"></span>o segments:<span class=\"_ _383\"> </span> </div><div class=\"t m3 hd ff1 fs7 fc3 sc0 ls11 ws6e gsb2\">\u2022 <span class=\"_ _124\"> </span><span class=\"ws2\">OneSavings Bank (OSB)<span class=\"_ _383\"> </span></span></div><div class=\"t m3 hd ff1 fs7 fc3 sc0 ls11 ws6e gsb3\">\u2022 <span class=\"_ _124\"> </span><span class=\"ws2\">Char<span class=\"_ _1\"></span>ter Cour<span class=\"_ _1\"></span>t Financial Services (CCFS)<span class=\"_ _383\"> </span></span></div><div class=\"t m3 hd ff1 fs7 fc3 sc0 ls11 ws2 gsb4\">The Group has disclosed rele<span class=\"_ _8\"></span>vant risk management tables in note 45 at a sub-segmen<span class=\"_ _6\"></span>t lev<span class=\"_ _6\"></span>el to pro<span class=\"_ _6\"></span>vide detailed analysis of the Gr<span class=\"_ _6\"></span>oup<span class=\"_ _6\"></span>\u2019<span class=\"_ _8\"></span>s core<span class=\"_ _383\"> </span> </div><div class=\"t m3 hd ff1 fs7 fc3 sc0 ls11 ws2 gsb5\">lending business.<span class=\"_ _383\"> </span></div><div class=\"t m3 hc ff2 fs7 fc3 sc0 ls2 ws2 gsb6\"><span class=\"_ _383\">g)\u2002Inter</span><span class=\"_ _1\"></span>es<span class=\"_ _1\"></span>t inco<span class=\"_ _1\"></span>me an<span class=\"_ _1\"></span>d expen<span class=\"_ _1\"></span>se<span class=\"_ _383\"> </span></div><div class=\"t m3 hd ff1 fs7 fc3 sc0 ls11 ws2 gsb7\">Inter<span class=\"_ _6\"></span>est income and inter<span class=\"_ _6\"></span>est expense f<span class=\"_ _6\"></span>or all inter<span class=\"_ _6\"></span>est-bearing \ufb01nancial instrumen<span class=\"_ _6\"></span>ts measured at amortised cost and FV<span class=\"_ _8\"></span>OCI are recognised in pro\ufb01t<span class=\"_ _383\"> </span> </div><div class=\"t m3 hd ff1 fs7 fc3 sc0 ls11 ws2 gsb8\"><span class=\"_ _383\">or loss using the effectiv</span><span class=\"_ _6\"></span>e interes<span class=\"_ _6\"></span>t rat<span class=\"_ _6\"></span>e (EIR) method. The EIR is the rate which discoun<span class=\"_ _6\"></span>ts the expected futur<span class=\"_ _6\"></span>e cash \ufb02ows<span class=\"_ _8\"></span>, over the expect<span class=\"_ _6\"></span>ed life of<span class=\"_ _383\"> </span> </div><div class=\"t m3 hd ff1 fs7 fc3 sc0 ls11 ws2 gsb9\">the \ufb01nancial instrument, t<span class=\"_ _6\"></span>o the net carrying value of the \ufb01nancial asset or liability.<span class=\"_ _383\"> </span> </div><div class=\"t m3 hd ff1 fs7 fc3 sc0 ls11 ws2 gsba\">Inter<span class=\"_ _6\"></span>est income on \ufb01nancial assets categorised as s<span class=\"_ _6\"></span>tage 1 or 2 are r<span class=\"_ _6\"></span>ecognised on a gross basis<span class=\"_ _6\"></span>, with interes<span class=\"_ _6\"></span>t income on stage 3 assets r<span class=\"_ _6\"></span>ecognised<span class=\"_ _383\"> </span> </div><div class=\"t m3 hd ff1 fs7 fc3 sc0 ls11 ws91 gsbb\">net of expect<span class=\"_ _6\"></span>ed credit losses (ECL). For pur<span class=\"_ _6\"></span>chased or credit-impair<span class=\"_ _6\"></span>ed assets (see note 1 o<span class=\"_ _6\"></span>) vii.<span class=\"_ _1f6\"></span>), interest income is calculated by applying the cr<span class=\"_ _6\"></span>edit-<span class=\"_ _383\"> </span></div><div class=\"t m3 hd ff1 fs7 fc3 sc0 ls11 ws2 gsbc\">adjusted EIR to the amortised cost o<span class=\"_ _6\"></span>f the asset. The calculation of int<span class=\"_ _6\"></span>erest income does not re<span class=\"_ _8\"></span>vert to a gross basis even if the cr<span class=\"_ _6\"></span>edit risk of the<span class=\"_ _383\"> </span> </div><div class=\"t m3 hd ff1 fs7 fc3 sc0 ls11 ws2 gsbd\">asset impro<span class=\"_ _6\"></span>ves<span class=\"_ _6\"></span>. See note 1 p) ii. f<span class=\"_ _6\"></span>or further information on IFRS 9 stage classi\ufb01cations<span class=\"_ _8\"></span>.<span class=\"_ _383\"> </span></div><div class=\"t m3 hd ff1 fs7 fc3 sc0 ls11 ws2 gsbe\">When calculating the EIR, the Gr<span class=\"_ _6\"></span>oup estimates cash \ufb02o<span class=\"_ _6\"></span>ws considering all contrac<span class=\"_ _6\"></span>tual terms of the instrumen<span class=\"_ _6\"></span>t and behavioural aspects (f<span class=\"_ _6\"></span>or<span class=\"_ _383\"> </span> </div><div class=\"t m3 hd ff1 fs7 fc3 sc0 ls11 ws2 gsbf\">example<span class=\"_ _8\"></span>, prepayment options) but not considering future cre<span class=\"_ _6\"></span>dit losses. The calculation of the EIR includes tr<span class=\"_ _8\"></span>ansaction c<span class=\"_ _1\"></span>osts and f<span class=\"_ _6\"></span>ees paid or<span class=\"_ _383\"> </span> </div><div class=\"t m3 hd ff1 fs7 fc3 sc0 ls11 ws2 gsc0\">received that ar<span class=\"_ _6\"></span>e an integr<span class=\"_ _6\"></span>al part of the interes<span class=\"_ _6\"></span>t rate<span class=\"_ _8\"></span>, together with the discounts or premiums arising on the acquisition of loan portfolios<span class=\"_ _6\"></span>.<span class=\"_ _383\"> </span> </div><div class=\"t m3 hd ff1 fs7 fc3 sc0 ls11 ws2 gsc1\">T<span class=\"_ _8\"></span>ransaction costs include incr<span class=\"_ _6\"></span>emental cos<span class=\"_ _6\"></span>ts that are directly attribut<span class=\"_ _6\"></span>able to the acquisition or issue of a \ufb01nancial instrumen<span class=\"_ _6\"></span>t.<span class=\"_ _383\"> </span></div><div class=\"t m3 hd ff1 fs7 fc3 sc0 ls11 ws2 gsc2\">The Group monitor<span class=\"_ _6\"></span>s the actual cash \ufb02ows f<span class=\"_ _6\"></span>or each book and resets cash \ufb02o<span class=\"_ _6\"></span>ws on a monthly basis<span class=\"_ _8\"></span>, disc<span class=\"_ _1\"></span>ounted at the EIR to deriv<span class=\"_ _6\"></span>e a new c<span class=\"_ _6\"></span>arrying<span class=\"_ _383\"> </span> </div><div class=\"t m3 hd ff1 fs7 fc3 sc0 ls11 ws2 gsc3\">value, with changes t<span class=\"_ _6\"></span>ak<span class=\"_ _6\"></span>en to pro<span class=\"_ _6\"></span>\ufb01t or loss as interes<span class=\"_ _6\"></span>t income.<span class=\"_ _383\"> </span></div><div class=\"t m3 hd ff1 fs7 fc3 sc0 ls11 ws2 gsc4\">The EIR is adjusted wher<span class=\"_ _6\"></span>e there is a mo<span class=\"_ _6\"></span>vement in the r<span class=\"_ _6\"></span>efer<span class=\"_ _6\"></span>ence interes<span class=\"_ _6\"></span>t rate (SONIA, syn<span class=\"_ _6\"></span>thetic LIBOR or base rat<span class=\"_ _6\"></span><span class=\"_ _383\">e) affecting portfolios with a<span class=\"_ _383\"> </span></span> </div><div class=\"t m3 hd ff1 fs7 fc3 sc0 ls11 ws2 gsc5\">variable inter<span class=\"_ _6\"></span>est r<span class=\"_ _6\"></span>ate which will impact future cash \ufb02o<span class=\"_ _8\"></span>ws. The re<span class=\"_ _6\"></span>vised EIR is the rate which e<span class=\"_ _6\"></span>xactly discount<span class=\"_ _6\"></span>s the revised c<span class=\"_ _6\"></span>ash \ufb02ows to the net<span class=\"_ _383\"> </span> </div><div class=\"t m3 hd ff1 fs7 fc3 sc0 ls11 ws2 gsc6\">carrying value of the loan portfolio<span class=\"_ _6\"></span>.<span class=\"_ _383\"> </span></div>When the contractual t<span class=\"_ _6\"></span>erms of non-derivativ<span class=\"_ _6\"></span>e \ufb01nancial instrument<span class=\"_ _6\"></span>s have been amended as a direct consequence of IBOR r<span class=\"_ _6\"></span>eform during 2<span class=\"_ _6\"></span>021 and the new basis for de<span class=\"_ _6\"></span>termining the contrac<span class=\"_ _6\"></span>tual cash \ufb02ows is economically equivalen<span class=\"_ _6\"></span>t to the pre<span class=\"_ _6\"></span>vious basis, the Gr<span class=\"_ _6\"></span>oup changes the basis for determining the contr<span class=\"_ _6\"></span>actual cash \ufb02ow<span class=\"_ _6\"></span>s prospectively by r<span class=\"_ _6\"></span>evising the EIR<span class=\"_ _6\"></span>.<span class=\"_ _383\"> </span>Inter<span class=\"_ _6\"></span>est income on inv<span class=\"_ _6\"></span>estment securities is included in in<span class=\"_ _6\"></span>teres<span class=\"_ _6\"></span>t receivable and similar income. In<span class=\"_ _6\"></span>teres<span class=\"_ _6\"></span>t on derivatives is included in in<span class=\"_ _6\"></span>teres<span class=\"_ _6\"></span>t receivable and similar income or inter<span class=\"_ _6\"></span>est expense and similar char<span class=\"_ _8\"></span>ges following the underlying instrumen<span class=\"_ _6\"></span>t it is hedging.<span class=\"_ _383\"> </span>Coupons paid on non-controlling int<span class=\"_ _6\"></span>erest securities and A<span class=\"_ _1f6\"></span>T1 securities are recognised directly in equity in the period in which they are paid.<span class=\"_ _383\"> </span><span class=\"_ _383\">h)\u2002Fees and c</span><span class=\"_ _1\"></span>ommi<span class=\"_ _1\"></span>ssio<span class=\"_ _1\"></span>ns Fees and commissions which are an integr<span class=\"_ _6\"></span>al part of the EIR of a \ufb01nancial instrumen<span class=\"_ _6\"></span>t are recognised as an adjus<span class=\"_ _6\"></span>tment to the EIR and recor<span class=\"_ _6\"></span>ded in inter<span class=\"_ _6\"></span>est income. The Gr<span class=\"_ _6\"></span>oup includes early redemption char<span class=\"_ _6\"></span>ges within the EIR. Fees received on mortgage administr<span class=\"_ _6\"></span>ation services and mor<span class=\"_ _1\"></span>tgage origination activities, which ar<span class=\"_ _6\"></span>e not an integr<span class=\"_ _6\"></span>al part of the EIR, are r<span class=\"_ _6\"></span>ecorded in other operating income and accounted f<span class=\"_ _6\"></span>or in accordance with IFRS 15 Re<span class=\"_ _6\"></span>venue fr<span class=\"_ _6\"></span>om Contract<span class=\"_ _6\"></span>s with Customers<span class=\"_ _8\"></span>, with inc<span class=\"_ _1\"></span>ome recognised when the services are delivered and the bene<span class=\"_ _6\"></span>\ufb01ts are tr<span class=\"_ _6\"></span>ansferred t<span class=\"_ _6\"></span>o clients and cust<span class=\"_ _6\"></span>omers<span class=\"_ _6\"></span>.<span class=\"_ _383\"> </span>Other fees and commissions are recognised on the accruals basis as services are pro<span class=\"_ _6\"></span>vided or on the performance of a signi\ufb01cant act, net o<span class=\"_ _6\"></span>f V<span class=\"_ _8\"></span>A<span class=\"_ _8\"></span>T<span class=\"_ _1\"></span> and similar taxes<span class=\"_ _6\"></span>.<span class=\"_ _383\"> </span><span class=\"_ _383\">i)\u2002Int</span><span class=\"_ _1\"></span>egr<span class=\"_ _1\"></span>ation c<span class=\"_ _1\"></span>os<span class=\"_ _1\"></span>ts and exc<span class=\"_ _1\"></span>epti<span class=\"_ _1\"></span>onal it<span class=\"_ _1\"></span>ems Integr<span class=\"_ _6\"></span>ation costs and e<span class=\"_ _6\"></span>xceptional items are those it<span class=\"_ _6\"></span>ems of income or expense that do not r<span class=\"_ _6\"></span>elate to the Group<span class=\"_ _8\"></span>\u2019<span class=\"_ _8\"></span>s c<span class=\"_ _1\"></span>ore operating ac<span class=\"_ _6\"></span>tivities, ar<span class=\"_ _6\"></span>e not expected to r<span class=\"_ _6\"></span>ecur and are material in the conte<span class=\"_ _6\"></span>xt of the Group<span class=\"_ _8\"></span>\u2019<span class=\"_ _8\"></span>s performance. These items are disclosed separ<span class=\"_ _6\"></span>ately within the Consolidated Statemen<span class=\"_ _6\"></span>t of Comprehensiv<span class=\"_ _6\"></span>e Income and the Notes to the Consolidated Financial Statemen<span class=\"_ _6\"></span>ts.<span class=\"_ _383\"> </span><span class=\"_ _383\">j)\u2002Tax</span><span class=\"_ _6\"></span>ation<span class=\"_ _383\"> </span>Income tax comprises current and def<span class=\"_ _6\"></span>erred tax<span class=\"_ _6\"></span>. It is recognised in pro<span class=\"_ _6\"></span>\ufb01t or loss, OCI or dir<span class=\"_ _6\"></span>ectly in equity, consistent with the r<span class=\"_ _6\"></span>ecognition of items it relates to<span class=\"_ _6\"></span>. The Group r<span class=\"_ _6\"></span>ecognises tax on coupons paid on non-controlling inter<span class=\"_ _6\"></span>est securities and A<span class=\"_ _1f6\"></span>T1 se<span class=\"_ _1\"></span>curities directly in pro\ufb01t or loss<span class=\"_ _8\"></span>.<span class=\"_ _383\"> </span>Current t<span class=\"_ _6\"></span>ax is the expected tax char<span class=\"_ _6\"></span>ge on the taxable income for the year and any adjus<span class=\"_ _6\"></span>tments in r<span class=\"_ _6\"></span>espect of pre<span class=\"_ _6\"></span>vious years<span class=\"_ _6\"></span>.<span class=\"_ _383\"> </span>Deferred t<span class=\"_ _6\"></span>ax is the tax expected to be payable or r<span class=\"_ _6\"></span>ecov<span class=\"_ _6\"></span>erable in respect o<span class=\"_ _6\"></span><span class=\"_ _383\">f temporary diff</span><span class=\"_ _6\"></span>erences between the carrying amoun<span class=\"_ _6\"></span>ts of assets or liabilities for accounting purposes and carrying amount<span class=\"_ _6\"></span>s for tax purposes<span class=\"_ _6\"></span>. Deferred t<span class=\"_ _6\"></span>ax assets are r<span class=\"_ _6\"></span>ecognised only to the exten<span class=\"_ _6\"></span>t that it is probable that future tax<span class=\"_ _6\"></span>able pro\ufb01t<span class=\"_ _6\"></span>s will be available to utilise the asset. The recognition of def<span class=\"_ _6\"></span>erred tax is mainly dependen<span class=\"_ _6\"></span>t on the projections of futur<span class=\"_ _6\"></span>e taxable pr<span class=\"_ _6\"></span>o\ufb01ts and future r<span class=\"_ _6\"></span>ev<span class=\"_ _6\"></span>ersals of tempor<span class=\"_ _8\"></span><span class=\"_ _383\">ary differences. The </span>current pr<span class=\"_ _6\"></span>ojections of future t<span class=\"_ _6\"></span>axable income indicate that the Group will be able t<span class=\"_ _6\"></span>o utilise its deferr<span class=\"_ _6\"></span>ed tax asset within the for<span class=\"_ _6\"></span>eseeable future.<span class=\"_ _383\"> </span>Deferred t<span class=\"_ _6\"></span>ax liabilities are recognised for all t<span class=\"_ _6\"></span>axable tempor<span class=\"_ _6\"></span><span class=\"_ _383\">ary differences</span><span class=\"_ _6\"></span>.<span class=\"_ _383\"> </span>The Company and its tax<span class=\"_ _6\"></span>-paying UK subsidiaries are in a group paymen<span class=\"_ _6\"></span>t arrangemen<span class=\"_ _6\"></span>t for corporation tax and sho<span class=\"_ _8\"></span>w a net c<span class=\"_ _1\"></span>orporation tax liability and deferr<span class=\"_ _6\"></span>ed tax liability accordingly, with the ex<span class=\"_ _6\"></span>ception of W<span class=\"_ _6\"></span>SE Bourton Road Limited which is applying to join the arrangemen<span class=\"_ _6\"></span>t. The Company and its UK subsidiaries are in the same V<span class=\"_ _8\"></span>A<span class=\"_ _8\"></span>T group.<span class=\"_ _383\"> </span><span class=\"_ _383\">k)\u2002Divi</span><span class=\"_ _1\"></span>den<span class=\"_ _1\"></span>ds Dividends are recognised in equity in the period in which they ar<span class=\"_ _6\"></span>e paid or<span class=\"_ _8\"></span>, if earlier<span class=\"_ _8\"></span>, approv<span class=\"_ _6\"></span>ed by shareholders<span class=\"_ _8\"></span>.<span class=\"_ _383\"> </span><span class=\"_ _383\">l)\u2002Ca</span><span class=\"_ _1\"></span>sh and c<span class=\"_ _1\"></span>ash e<span class=\"_ _1\"></span>qui<span class=\"_ _1\"></span>valent<span class=\"_ _1\"></span>s<span class=\"_ _383\"> </span>For the purposes of the Consolidated Stat<span class=\"_ _6\"></span>ement of Cash Flo<span class=\"_ _6\"></span>ws, c<span class=\"_ _6\"></span>ash and cash equivalents comprise cash, non-r<span class=\"_ _6\"></span>estricted balances with cr<span class=\"_ _6\"></span>edit institutions and highly liquid \ufb01nancial assets with maturities o<span class=\"_ _6\"></span>f less than three months fr<span class=\"_ _6\"></span>om date of acquisition, subject to an insigni\ufb01can<span class=\"_ _6\"></span>t risk of changes in their fair value and ar<span class=\"_ _6\"></span>e used by the Group in the management o<span class=\"_ _6\"></span>f its short-term commitments.<span class=\"_ _383\"> </span><span class=\"_ _383\">m)\u2002Intangible a</span><span class=\"_ _1\"></span>ss<span class=\"_ _1\"></span>ets<span class=\"_ _383\"> </span>Purchased softw<span class=\"_ _6\"></span>are and costs dir<span class=\"_ _6\"></span>ectly associated with the dev<span class=\"_ _6\"></span>elopment of computer so<span class=\"_ _6\"></span>ftware are capit<span class=\"_ _6\"></span>alised as intangible assets wher<span class=\"_ _6\"></span>e the software is a unique and iden<span class=\"_ _6\"></span>ti\ufb01able asset controlle<span class=\"_ _6\"></span>d by the Group and will generat<span class=\"_ _6\"></span>e future economic bene\ufb01ts<span class=\"_ _6\"></span>. Costs to es<span class=\"_ _6\"></span>tablish technological feasibility or to main<span class=\"_ _6\"></span>tain existing le<span class=\"_ _8\"></span>vels of performance are recognised as an e<span class=\"_ _6\"></span>xpense. The Group only r<span class=\"_ _6\"></span>ecognises internally gener<span class=\"_ _6\"></span>ated intangible assets if all of the follo<span class=\"_ _8\"></span>wing c<span class=\"_ _1\"></span>onditions are met:<span class=\"_ _383\"> </span>\u2022 <span class=\"_ _124\"> </span><span class=\"ws2\">an asset is being created that can be identi\ufb01ed after es<span class=\"_ _6\"></span>tablishing the technical and commercial feasibility o<span class=\"_ _6\"></span>f the resulting product;<span class=\"_ _383\"> </span></span>\u2022 <span class=\"_ _124\"> </span><span class=\"ws2\">it is probable that the asset created will gener<span class=\"_ _6\"></span>ate future economic bene\ufb01ts; and<span class=\"_ _383\"> </span></span>\u2022 <span class=\"_ _124\"> </span><span class=\"ws2\">the development cos<span class=\"_ _6\"></span>t of the asset can be measur<span class=\"_ _6\"></span>ed reliably.<span class=\"_ _383\"> </span></span><span class=\"_ _383\">1.\u2002Acc</span><span class=\"_ _1\"></span>ountin<span class=\"_ _1\"></span>g pol<span class=\"_ _1\"></span>icie<span class=\"_ _1\"></span>s<span class=\"ff5 lsd4 ws46\"> continue<span class=\"_ _1\"></span>d<span class=\"_ _383\"> </span></span><span class=\"_ _383\">m)\u2002Intangible a</span><span class=\"_ _1\"></span>ss<span class=\"_ _1\"></span>ets<span class=\"ff5 lsd4 ws46\"> c<span class=\"_ _1\"></span>ontinue<span class=\"_ _1\"></span>d<span class=\"_ _383\"> </span></span>Subsequent expenditur<span class=\"_ _6\"></span>e on an internally gener<span class=\"_ _6\"></span>ated int<span class=\"_ _6\"></span>angible asset, after its purchase or completion, is recognised as an e<span class=\"_ _6\"></span>xpense in the period in which it is incurred. Where no in<span class=\"_ _6\"></span>ternally generat<span class=\"_ _6\"></span>ed intangible asset can be r<span class=\"_ _6\"></span>ecognised, dev<span class=\"_ _6\"></span>elopment expenditur<span class=\"_ _6\"></span>e is recognised as an expense in the period in which it is incurred.<span class=\"_ _383\"> </span>Software-as-a-service (SaaS), is an arrangemen<span class=\"_ _6\"></span>t that provides the Gr<span class=\"_ _6\"></span>oup with the right to r<span class=\"_ _6\"></span>eceive access to the supplier\u2019<span class=\"_ _8\"></span>s application software in the future which is treat<span class=\"_ _6\"></span>ed as a service contract, rather than a so<span class=\"_ _6\"></span>ftware lease or the acquisition o<span class=\"_ _6\"></span>f a software in<span class=\"_ _6\"></span>tangible asset. An intangible asset is only r<span class=\"_ _6\"></span>ecognised if:<span class=\"_ _383\"> </span>\u2022 <span class=\"_ _124\"> </span><span class=\"ws2\">The Group has the contractual righ<span class=\"_ _6\"></span>t to tak<span class=\"_ _8\"></span>e possession of the software during the hos<span class=\"_ _6\"></span>ting period without signi\ufb01cant penalty; and<span class=\"_ _383\"> </span></span>\u2022 <span class=\"_ _124\"> </span><span class=\"ws2\">It is feasible for the Group to run the softw<span class=\"_ _6\"></span>are on its o<span class=\"_ _6\"></span>wn hardw<span class=\"_ _6\"></span>are or contr<span class=\"_ _6\"></span>act with a party unrelated to the supplier to hos<span class=\"_ _6\"></span>t the software<span class=\"_ _8\"></span>.<span class=\"_ _383\"> </span></span>The costs of con\ufb01guring or cus<span class=\"_ _6\"></span>tomising supplier application softwar<span class=\"_ _6\"></span>e in a SaaS arrangemen<span class=\"_ _6\"></span>t that is determined to be a service contract is recognised as an expense or pr<span class=\"_ _6\"></span>epayment. Where the con\ufb01gur<span class=\"_ _6\"></span>ation and customisation services are not dis<span class=\"_ _6\"></span>tinct from the right t<span class=\"_ _6\"></span>o receive access to the software<span class=\"_ _8\"></span>, then the c<span class=\"_ _1\"></span>osts ar<span class=\"_ _6\"></span>e recognised as an expense o<span class=\"_ _6\"></span>ver the term o<span class=\"_ _6\"></span>f the arrangement. Intangible assets ar<span class=\"_ _6\"></span>e re<span class=\"_ _6\"></span>view<span class=\"_ _6\"></span>ed for impairment semi-annually, and if they ar<span class=\"_ _6\"></span>e considered to be impair<span class=\"_ _6\"></span>ed, are written do<span class=\"_ _6\"></span>wn immediately to their recov<span class=\"_ _6\"></span>erable amoun<span class=\"_ _6\"></span>ts. Impairmen<span class=\"_ _6\"></span>t losses previously r<span class=\"_ _6\"></span>ecognised for intangible asse<span class=\"_ _6\"></span>ts, other than goodwill, ar<span class=\"_ _6\"></span>e re<span class=\"_ _6\"></span>versed when ther<span class=\"_ _6\"></span>e has been a change in the estimates used to de<span class=\"_ _6\"></span>termine the asset\u2019<span class=\"_ _1f6\"></span>s recover<span class=\"_ _6\"></span>able amount. An impairment loss r<span class=\"_ _6\"></span>ev<span class=\"_ _6\"></span>ersal is recognised in the Consolidated Statemen<span class=\"_ _6\"></span>t of Comprehensiv<span class=\"_ _6\"></span>e Income and the carrying amount of the asset is incre<span class=\"_ _6\"></span>ased to its recov<span class=\"_ _8\"></span>erable amount.<span class=\"_ _383\"> </span>Intangible assets ar<span class=\"_ _6\"></span>e amortised in pro\ufb01t or loss ov<span class=\"_ _8\"></span>er their estimated useful lives as f<span class=\"_ _6\"></span>ollows:<span class=\"_ _383\"> </span>Software and in<span class=\"_ _6\"></span>ternally generat<span class=\"_ _6\"></span>ed assets <span class=\"_ _23\"></span> <span class=\"_ _93\"> </span>5 year straigh<span class=\"_ _6\"></span>t line<span class=\"_ _383\"> </span>Developmen<span class=\"_ _6\"></span>t costs<span class=\"_ _6\"></span>, brand and technology <span class=\"_ _50\"> </span>4 year s<span class=\"_ _6\"></span>traigh<span class=\"_ _6\"></span>t line<span class=\"_ _383\"> </span>Brok<span class=\"_ _8\"></span>er relationships <span class=\"_ _f\"> </span> <span class=\"_ _93\"> </span> <span class=\"_ _93\"> </span> <span class=\"_ _93\"> </span>5 year pro\ufb01le<span class=\"_ _383\"> </span>Bank licence <span class=\"_ _76\"> </span> <span class=\"_ _9d\"> </span> <span class=\"_ _93\"> </span> <span class=\"_ _93\"> </span>3 year str<span class=\"_ _6\"></span>aight line<span class=\"_ _383\"> </span>For dev<span class=\"_ _6\"></span>elopment costs that ar<span class=\"_ _6\"></span>e under construction, no amortisation will be applied until the asset is available f<span class=\"_ _6\"></span>or use and is calculated using a full month when available f<span class=\"_ _6\"></span>or use. The Group re<span class=\"_ _6\"></span>view<span class=\"_ _6\"></span>s the amortisation period on an annual basis. If the expected use<span class=\"_ _6\"></span><span class=\"_ _383\">ful life of assets is diff</span><span class=\"_ _6\"></span>erent fr<span class=\"_ _6\"></span>om pre<span class=\"_ _6\"></span>vious assessments<span class=\"_ _6\"></span>, the amortisation period is changed accordingly.<span class=\"_ _383\">  </span><span class=\"_ _383\">n)\u2002Proper</span><span class=\"_ _1\"></span>ty, p<span class=\"_ _1\"></span>lant an<span class=\"_ _1\"></span>d equip<span class=\"_ _1\"></span>me<span class=\"_ _1\"></span>nt<span class=\"_ _383\"> </span>Property, plant and equipment comprise fr<span class=\"_ _6\"></span>eehold land and buildings, major alter<span class=\"_ _6\"></span><span class=\"_ _383\">ations to office premises</span><span class=\"_ _6\"></span>, computer equipment and \ufb01xtur<span class=\"_ _6\"></span>es measured at cost less accumulate<span class=\"_ _6\"></span>d depreciation. These assets are r<span class=\"_ _6\"></span>evie<span class=\"_ _6\"></span>wed f<span class=\"_ _6\"></span>or impairment annually, and if they are consider<span class=\"_ _6\"></span>ed to be impaired, are written do<span class=\"_ _6\"></span>wn immediately to their reco<span class=\"_ _6\"></span>ver<span class=\"_ _6\"></span>able amounts<span class=\"_ _6\"></span>.<span class=\"_ _383\"> </span>Items of property, plant and equipmen<span class=\"_ _6\"></span>t are depreciate<span class=\"_ _6\"></span>d on a straigh<span class=\"_ _6\"></span>t-line basis ov<span class=\"_ _6\"></span>er their estimated use<span class=\"_ _6\"></span>ful economic lives as follo<span class=\"_ _6\"></span>ws:<span class=\"_ _383\"> </span>Buildings <span class=\"_ _213\"></span>    50 <span class=\"_ _214\"></span>years<span class=\"_ _383\"> </span>Leasehold impr<span class=\"_ _6\"></span>ov<span class=\"_ _6\"></span>ements <span class=\"_ _aa\"> </span> <span class=\"_ _93\"> </span> <span class=\"_ _93\"> </span>10 years<span class=\"_ _383\"> </span>Equipment and \ufb01xtur<span class=\"_ _6\"></span>es <span class=\"_ _69\"> </span> <span class=\"_ _93\"> </span> <span class=\"_ _9d\"> </span>5 years<span class=\"_ _383\"> </span>Land, deemed to be 2<span class=\"_ _6\"></span>5% of purchase price of buildings<span class=\"_ _8\"></span>, is not depreciated. The cost of r<span class=\"_ _6\"></span>epairs and rene<span class=\"_ _6\"></span>wals is char<span class=\"_ _6\"></span>ged to pro<span class=\"_ _6\"></span>\ufb01t or loss in the period in which the expenditur<span class=\"_ _6\"></span>e is incurred.<span class=\"_ _383\"> </span>o<span class=\"_ _6\"></span><span class=\"_ _383\">)\u2002Invest</span><span class=\"_ _1\"></span>me<span class=\"_ _1\"></span>nt in subs<span class=\"_ _1\"></span>idiari<span class=\"_ _1\"></span>es<span class=\"_ _383\"> </span>In the Company\u2019<span class=\"_ _8\"></span>s \ufb01nancial statemen<span class=\"_ _6\"></span>ts, in<span class=\"_ _8\"></span>vestments in subsidiary undertakings are s<span class=\"_ _6\"></span>tated at cost less pr<span class=\"_ _6\"></span>ovision for any impairmen<span class=\"_ _6\"></span>t. A full list of the Company\u2019<span class=\"_ _1f6\"></span>s subsidiaries which are included in the Group<span class=\"_ _8\"></span>\u2019<span class=\"_ _6\"></span>s consolidated \ufb01nancial statemen<span class=\"_ _6\"></span>ts can be found in not<span class=\"_ _6\"></span>e 2 to the Company\u2019<span class=\"_ _1f6\"></span>s<span class=\"_ _1\"></span> \ufb01nancial statemen<span class=\"_ _6\"></span>ts on page 243.<span class=\"_ _383\"> </span>The Company performs an annual impairment assessment of it<span class=\"_ _6\"></span>s inv<span class=\"_ _6\"></span>estment in subsidiary undertakings<span class=\"_ _6\"></span>, assessing the carrying value of the inv<span class=\"_ _6\"></span>estment in each subsidiary agains<span class=\"_ _6\"></span>t the subsidiary\u2019<span class=\"_ _1f6\"></span>s net asset values at the reporting date for indication of impairmen<span class=\"_ _6\"></span>t. Where there is indication of impairment, the Company es<span class=\"_ _6\"></span>timates the subsidiary\u2019<span class=\"_ _1f6\"></span>s value in use by estimating future pr<span class=\"_ _6\"></span>o\ufb01tability and the impact on the net assets of the subsidiary. The Company recognises an impairment dir<span class=\"_ _6\"></span>ectly in pro\ufb01t or loss when the r<span class=\"_ _6\"></span>ecover<span class=\"_ _6\"></span>able amount, which is the great<span class=\"_ _6\"></span>er of the value in use or the fair value less cost<span class=\"_ _6\"></span>s to sell, is less than the carrying value of the in<span class=\"_ _6\"></span>ves<span class=\"_ _6\"></span>tment. Impairment<span class=\"_ _6\"></span>s are subsequently r<span class=\"_ _6\"></span>ev<span class=\"_ _6\"></span>ersed if the reco<span class=\"_ _6\"></span>ver<span class=\"_ _6\"></span>able amount ex<span class=\"_ _6\"></span>ceeds the carrying value.<span class=\"_ _383\"> </span>p<span class=\"_ _6\"></span><span class=\"_ _383\">)\u2002Financial instrum</span><span class=\"_ _1\"></span>ents<span class=\"_ _383\"> </span><span class=\"_ _383\">i.\u2002Rec</span><span class=\"_ _1\"></span>ogn<span class=\"_ _1\"></span>ition<span class=\"_ _383\"> </span>The Group initially recognises loans and adv<span class=\"_ _6\"></span>ances, deposits<span class=\"_ _6\"></span>, debt securities issued and subordinated liabilities on the dat<span class=\"_ _6\"></span>e on which they are originated or acquired. All o<span class=\"_ _6\"></span>ther \ufb01nancial instruments ar<span class=\"_ _6\"></span>e accounted for on the tr<span class=\"_ _6\"></span>ade date which is when the Group becomes a party to the contractual pr<span class=\"_ _6\"></span>ovisions o<span class=\"_ _6\"></span>f the instrument. For \ufb01nancial instrument<span class=\"_ _6\"></span>s classi\ufb01ed as amortised cost or FVOCI, the Gr<span class=\"_ _6\"></span>oup initially recognises \ufb01nancial assets and \ufb01nancial liabilities at fair v<span class=\"_ _6\"></span>alue plus transaction income or cost<span class=\"_ _6\"></span>s that are directly attributable t<span class=\"_ _6\"></span>o its origination, acquisition or issue. Financial ins<span class=\"_ _6\"></span>truments classi\ufb01ed as amortised cost are subsequen<span class=\"_ _6\"></span>tly measured using the EIR method. T<span class=\"_ _8\"></span>ransaction costs r<span class=\"_ _6\"></span>elating to the acquisition or issue of a \ufb01nancial ins<span class=\"_ _6\"></span>trument at FVTPL are recognised in the pro<span class=\"_ _6\"></span>\ufb01t or loss as incurred. A<span class=\"_ _8\"></span>T1 securities are designated as equity instrumen<span class=\"_ _6\"></span>ts and recognised at fair v<span class=\"_ _6\"></span>alue on the date of issuance in equity along with incremen<span class=\"_ _6\"></span>tal costs directly attributable to the issuance of equity ins<span class=\"_ _6\"></span>truments<span class=\"_ _8\"></span>.<span class=\"_ _383\"> </span><span class=\"_ _383\">ii.\u2002</span><span class=\"_ _6\"></span>Classi\ufb01cation<span class=\"_ _383\"> </span>The Group classi\ufb01es \ufb01nancial instrumen<span class=\"_ _6\"></span>ts based on the business model and the contr<span class=\"_ _6\"></span>actual cash \ufb02o<span class=\"_ _6\"></span>w characteris<span class=\"_ _6\"></span>tics of the \ufb01nancial instrumen<span class=\"_ _6\"></span>ts. Under IFRS 9<span class=\"_ _1f6\"></span>, the Group classi\ufb01es \ufb01nancial assets in<span class=\"_ _6\"></span>to one of three measur<span class=\"_ _6\"></span>ement categories:<span class=\"_ _383\"> </span>\u2022 <span class=\"_ _124\"> </span><span class=\"ff2 ws2\">Amor<span class=\"_ _1\"></span>tised c<span class=\"_ _1\"></span>ost<span class=\"ff1\"> \u2013 assets in a business model to hold \ufb01nancial assets in or<span class=\"_ _6\"></span>der to collect contrac<span class=\"_ _6\"></span>tual cash \ufb02ows<span class=\"_ _8\"></span>, where the contractual terms o<span class=\"_ _6\"></span>f </span></span>the \ufb01nancial asset give rise on speci\ufb01ed dates t<span class=\"_ _6\"></span>o cash \ufb02ows that ar<span class=\"_ _6\"></span>e solely payments of principal and in<span class=\"_ _6\"></span>teres<span class=\"_ _6\"></span>t (SPPI) on the principal amount outstanding. \u2022 <span class=\"_ _124\"> </span><span class=\"ff2 lsee wsf3\">F<span class=\"_ _2\"></span>VO<span class=\"_ _1\"></span>C<span class=\"_ _1\"></span>I<span class=\"_ _2\"></span></span><span class=\"ws2\"> \u2013 assets held in a business model which collects contr<span class=\"_ _6\"></span>actual cash \ufb02ow<span class=\"_ _6\"></span>s and sells \ufb01nancial assets where the contr<span class=\"_ _6\"></span>actual terms of the </span>\ufb01nancial assets give rise on speci\ufb01ed dat<span class=\"_ _6\"></span>es to cash \ufb02ows that ar<span class=\"_ _6\"></span>e SPPI on the principal amount outs<span class=\"_ _6\"></span>tanding. \u2022 <span class=\"_ _124\"> </span><span class=\"ff2\">F<span class=\"_ _1\"></span>V<span class=\"_ _1\"></span>TPL</span><span class=\"ws2\"> \u2013 assets not measured at amortised cost or FV<span class=\"_ _8\"></span>OCI. The Group measures derivativ<span class=\"_ _6\"></span>es, an acquir<span class=\"_ _6\"></span>ed mortgage por<span class=\"_ _1\"></span>tfolio and an </span>inv<span class=\"_ _6\"></span>estment security under this cate<span class=\"_ _6\"></span>gory. The Group classi\ufb01es non-derivativ<span class=\"_ _6\"></span>e \ufb01nancial liabilities as measured at amortised cost.<span class=\"_ _383\"> </span>The Group has no non-derivativ<span class=\"_ _6\"></span>e \ufb01nancial assets or liabilities classi\ufb01ed as held for tr<span class=\"_ _6\"></span>ading. The Group reassesses it<span class=\"_ _6\"></span>s business models each reporting period.<span class=\"_ _383\"> </span>The Group classi\ufb01es certain \ufb01nancial instruments as e<span class=\"_ _6\"></span>quity where they meet the follo<span class=\"_ _6\"></span>wing conditions:<span class=\"_ _383\"> </span>\u2022 <span class=\"_ _124\"> </span><span class=\"ws2\">the \ufb01nancial instrument includes no contr<span class=\"_ _6\"></span>actual obligation to deliver cash or another \ufb01nancial asse<span class=\"_ _6\"></span>t on potentially unf<span class=\"_ _6\"></span>avour<span class=\"_ _6\"></span>able conditions;<span class=\"_ _383\"> </span></span>\u2022 <span class=\"_ _124\"> </span><span class=\"ws2\">the \ufb01nancial instrument is a non-derivativ<span class=\"_ _6\"></span>e that includes no contractual obligation f<span class=\"_ _6\"></span>or the issuer to deliver a v<span class=\"_ _6\"></span>ariable number of its own e<span class=\"_ _6\"></span>quity </span>instrument<span class=\"_ _6\"></span>s; or<span class=\"_ _383\"> </span>\u2022 <span class=\"_ _124\"> </span><span class=\"ws2\">the \ufb01nancial instrument is a derivativ<span class=\"_ _6\"></span>e that will be settled only by the issuer ex<span class=\"_ _6\"></span>changing a \ufb01xed amount o<span class=\"_ _6\"></span>f cash or another \ufb01nancial asset for </span>a \ufb01xed number of it<span class=\"_ _6\"></span>s own equity ins<span class=\"_ _6\"></span>truments<span class=\"_ _6\"></span>.<span class=\"_ _383\"> </span>During the year equity \ufb01nancial instrumen<span class=\"_ _6\"></span>ts comprised own shar<span class=\"_ _6\"></span>es, and A<span class=\"_ _1f6\"></span>T1 securities (2021: and non-controlling in<span class=\"_ _6\"></span>terest securities). Accor<span class=\"_ _6\"></span>dingly, the coupons paid on the non-controlling int<span class=\"_ _6\"></span>erest securities and A<span class=\"_ _1f6\"></span>T1 securities are recognised directly in retaine<span class=\"_ _6\"></span><span class=\"_ _383\">d earnings when paid.\u2003</span><span class=\"_ _383\">iii.\u2002D</span><span class=\"_ _1\"></span>ere<span class=\"_ _1\"></span>co<span class=\"_ _1\"></span>gnit<span class=\"_ _1\"></span>ion<span class=\"_ _383\"> </span>The Group derecognises \ufb01nancial assets when the con<span class=\"_ _6\"></span>tractual righ<span class=\"_ _6\"></span>ts to the cash \ufb02ow<span class=\"_ _6\"></span>s expire or the Gr<span class=\"_ _6\"></span>oup transf<span class=\"_ _6\"></span>ers subst<span class=\"_ _6\"></span>antially all risk<span class=\"_ _6\"></span>s and re<span class=\"_ _6\"></span>war<span class=\"_ _6\"></span>ds of owner<span class=\"_ _6\"></span>ship of the \ufb01nancial asset. <span class=\"_ _383\">The Group off</span><span class=\"_ _6\"></span>ers re<span class=\"_ _6\"></span>\ufb01nancing options to customer<span class=\"_ _6\"></span>s which have been assessed within the principles of IFR<span class=\"_ _6\"></span>S 9 and rele<span class=\"_ _6\"></span>vant guidance. The assessment concludes the original mortgage asset is derecognised at the re\ufb01nancing poin<span class=\"_ _6\"></span>t with a new \ufb01nancial asset r<span class=\"_ _6\"></span>ecognised.<span class=\"_ _383\"> </span>The forbear<span class=\"_ _6\"></span><span class=\"_ _383\">ance measures offer</span><span class=\"_ _6\"></span>ed by the Group are consider<span class=\"_ _6\"></span>ed a modi\ufb01cation ev<span class=\"_ _8\"></span>ent as the contractual cash \ufb02o<span class=\"_ _6\"></span>ws are r<span class=\"_ _6\"></span>enegotiated or otherwise modi\ufb01ed. The Group considers the r<span class=\"_ _6\"></span>enegotiated or modi\ufb01ed cash \ufb02o<span class=\"_ _8\"></span>ws are not a substantial mo<span class=\"_ _6\"></span>di\ufb01cation from the contr<span class=\"_ _6\"></span>actual cash \ufb02ow<span class=\"_ _6\"></span>s and does not consider that forbearance measur<span class=\"_ _6\"></span>es give rise to a der<span class=\"_ _6\"></span>ecognition even<span class=\"_ _6\"></span>t. Financial liabilities are derecognised only when the obligation is dischar<span class=\"_ _6\"></span>ged, cancelled or has expir<span class=\"_ _6\"></span>ed.<span class=\"_ _383\"> </span><span class=\"_ _383\">iv.\u2002Offse</span><span class=\"_ _1\"></span>tti<span class=\"_ _1\"></span>ng<span class=\"_ _383\"> </span>Financial assets and \ufb01nancial liabilities are o<span class=\"_ _6\"></span><span class=\"_ _383\">ffset and the net amount pr</span><span class=\"_ _6\"></span>esented in the Consolidated S<span class=\"_ _6\"></span>tatement o<span class=\"_ _6\"></span>f Financial Position when, and only when, the Group curren<span class=\"_ _6\"></span>tly has a legally enfor<span class=\"_ _6\"></span><span class=\"_ _383\">ceable right to off</span><span class=\"_ _6\"></span>set the amounts and it in<span class=\"_ _6\"></span>tends either to settle them on a net basis or to r<span class=\"_ _6\"></span>ealise the asset and settle the liability simultaneously. The Group<span class=\"_ _8\"></span>\u2019<span class=\"_ _6\"></span>s derivativ<span class=\"_ _6\"></span>es are cov<span class=\"_ _6\"></span>ered by indus<span class=\"_ _6\"></span>try standar<span class=\"_ _6\"></span>d master netting agr<span class=\"_ _6\"></span>eements<span class=\"_ _6\"></span>. Master netting agr<span class=\"_ _6\"></span>eements creat<span class=\"_ _6\"></span>e a right of set-o<span class=\"_ _6\"></span><span class=\"_ _383\">ff that </span>becomes enforceable only follo<span class=\"_ _8\"></span>wing a spe<span class=\"_ _1\"></span>ci\ufb01ed ev<span class=\"_ _6\"></span>ent of de<span class=\"_ _6\"></span>fault or in other circums<span class=\"_ _6\"></span>tances not expected to arise in the normal cour<span class=\"_ _6\"></span>se of business<span class=\"_ _6\"></span>. These arrangemen<span class=\"_ _6\"></span><span class=\"_ _383\">ts do not qualify for off</span><span class=\"_ _6\"></span>setting and as such the Group reports derivativ<span class=\"_ _6\"></span>es on a gross basis<span class=\"_ _6\"></span>.<span class=\"_ _383\"> </span><span class=\"_ _383\">1.\u2002Acc</span><span class=\"_ _1\"></span>ountin<span class=\"_ _1\"></span>g pol<span class=\"_ _1\"></span>icie<span class=\"_ _1\"></span>s<span class=\"ff5 lsd4 ws46\"> continue<span class=\"_ _1\"></span>d<span class=\"_ _383\"> </span></span>p<span class=\"_ _6\"></span><span class=\"_ _383\">)\u2002Financial instrum</span><span class=\"_ _1\"></span>ents<span class=\"ff5 lsd4 ws46\"> continu<span class=\"_ _1\"></span>ed<span class=\"_ _383\"> </span></span>Collateral in r<span class=\"_ _6\"></span>espect of derivatives is subject t<span class=\"_ _6\"></span>o the standar<span class=\"_ _6\"></span>d industry terms of In<span class=\"_ _6\"></span>ternational Sw<span class=\"_ _6\"></span>aps and Derivatives Association (ISD<span class=\"_ _6\"></span>A) Credit Support Annex. This means that the cash r<span class=\"_ _6\"></span>eceived or given as collater<span class=\"_ _6\"></span>al can be pledged or used during the term o<span class=\"_ _6\"></span>f the transaction but mus<span class=\"_ _6\"></span>t be returned on maturity of the tr<span class=\"_ _8\"></span>ansaction. The terms also give each counterparty the right to terminate the r<span class=\"_ _6\"></span>elated tr<span class=\"_ _6\"></span>ansactions upon the counterparty\u2019<span class=\"_ _1f6\"></span>s failure to post collater<span class=\"_ _6\"></span>al. Collateral paid or receiv<span class=\"_ _6\"></span><span class=\"_ _383\">ed does not qualify for off</span><span class=\"_ _6\"></span>setting and is recognised in loans and advances to credit ins<span class=\"_ _6\"></span>titutions and amounts o<span class=\"_ _6\"></span>wed to cr<span class=\"_ _6\"></span>edit institutions<span class=\"_ _6\"></span>, respectiv<span class=\"_ _6\"></span>ely.<span class=\"_ _383\"> </span>v<span class=\"_ _6\"></span><span class=\"_ _383\">.\u2002Amo</span><span class=\"_ _1\"></span>rti<span class=\"_ _1\"></span>se<span class=\"_ _1\"></span>d co<span class=\"_ _1\"></span>st me<span class=\"_ _1\"></span>as<span class=\"_ _1\"></span>ure<span class=\"_ _1\"></span>me<span class=\"_ _1\"></span>nt<span class=\"_ _383\"> </span>The amortised cost of a \ufb01nancial asset or \ufb01nancial liability is the amount at which the \ufb01nancial asset or \ufb01nancial liability is measur<span class=\"_ _6\"></span>ed at initial recognition, less principal payments or r<span class=\"_ _6\"></span>eceipts, plus or minus the cumulativ<span class=\"_ _6\"></span><span class=\"_ _383\">e amortisation using the EIR method of any difference betw</span><span class=\"_ _6\"></span>een the initial amount recognised and the maturity amoun<span class=\"_ _6\"></span>t, minus any reduction for impairmen<span class=\"_ _6\"></span>t of assets<span class=\"_ _6\"></span>.<span class=\"_ _383\"> </span><span class=\"_ _383\">vi.\u2002Fa</span><span class=\"_ _1\"></span>ir valu<span class=\"_ _1\"></span>e me<span class=\"_ _1\"></span>asur<span class=\"_ _1\"></span>em<span class=\"_ _1\"></span>ent<span class=\"_ _383\"> </span>Fair value is the price that would be r<span class=\"_ _6\"></span>eceived to sell an asset or paid to tr<span class=\"_ _8\"></span>ansfer a liability in an orderly transaction be<span class=\"_ _6\"></span>tween mark<span class=\"_ _8\"></span>et par<span class=\"_ _1\"></span>ticipants at the measurement dat<span class=\"_ _6\"></span>e in the principal or<span class=\"_ _8\"></span>, in its absence, the most adv<span class=\"_ _6\"></span>antageous mark<span class=\"_ _8\"></span>et to which the Group has access at that date. When available, the Gr<span class=\"_ _6\"></span>oup measures the f<span class=\"_ _6\"></span>air value of an instrumen<span class=\"_ _6\"></span>t using the quoted price in an activ<span class=\"_ _6\"></span>e mark<span class=\"_ _6\"></span>et for that ins<span class=\"_ _6\"></span>trument. A mark<span class=\"_ _8\"></span>et is<span class=\"_ _1\"></span> regar<span class=\"_ _6\"></span>ded as active if tr<span class=\"_ _6\"></span>ansactions for the asset or liability tak<span class=\"_ _8\"></span><span class=\"_ _383\">e place with sufficient frequency and v</span><span class=\"_ _6\"></span>olume to pro<span class=\"_ _6\"></span>vide pricing information on an ongoing basis. The Gr<span class=\"_ _6\"></span>oup measures its in<span class=\"_ _6\"></span>ves<span class=\"_ _6\"></span>tment securities and Perpetual Subordinat<span class=\"_ _6\"></span>ed Bonds (PSBs) at fair value using quoted mark<span class=\"_ _8\"></span>et prices where available<span class=\"_ _6\"></span><span class=\"_ _383\">. \u2003</span>If there is no quoted price in an activ<span class=\"_ _6\"></span>e mark<span class=\"_ _8\"></span>et, then the Group uses valuation techniques that maximise the use of rele<span class=\"_ _6\"></span>vant observable inputs and minimise the use of unobservable inputs. The Group uses SONIA curves to value it<span class=\"_ _6\"></span>s derivatives<span class=\"_ _8\"></span>, previously a combination of LIBOR and SONIA curves<span class=\"_ _6\"></span>. The fair value of the Gr<span class=\"_ _6\"></span>oup<span class=\"_ _6\"></span>\u2019<span class=\"_ _8\"></span>s derivative \ufb01nancial instrument<span class=\"_ _6\"></span>s incorporates cre<span class=\"_ _6\"></span>dit valuation adjustmen<span class=\"_ _6\"></span>ts (C<span class=\"_ _8\"></span>V<span class=\"_ _6\"></span>A) and debit valuation adjustmen<span class=\"_ _6\"></span>ts (D<span class=\"_ _6\"></span>V<span class=\"_ _8\"></span>A). The DV<span class=\"_ _1f6\"></span>A and CV<span class=\"_ _1f6\"></span>A take in<span class=\"_ _6\"></span>to account the respective cr<span class=\"_ _6\"></span>edit ratings o<span class=\"_ _6\"></span>f the Group<span class=\"_ _8\"></span>\u2019<span class=\"_ _6\"></span>s two banking en<span class=\"_ _6\"></span>tities and counterparty and whether the derivative is collater<span class=\"_ _6\"></span>alised or not. Derivativ<span class=\"_ _6\"></span>es are valued using discoun<span class=\"_ _6\"></span>ted cash \ufb02ow models and observable mark<span class=\"_ _8\"></span>et data and are sensitiv<span class=\"_ _6\"></span>e to benchmark inter<span class=\"_ _6\"></span>est and basis rat<span class=\"_ _6\"></span>e curves. The fair value of in<span class=\"_ _6\"></span>ves<span class=\"_ _6\"></span>tment securities held at FVTPL is measured using a discounted cash \ufb02o<span class=\"_ _6\"></span>w model.<span class=\"_ _383\"> </span><span class=\"_ _383\">vii.\u2002I</span><span class=\"_ _1\"></span>de<span class=\"_ _1\"></span>nti\ufb01c<span class=\"_ _1\"></span>ation a<span class=\"_ _1\"></span>nd m<span class=\"_ _1\"></span>eas<span class=\"_ _1\"></span>ure<span class=\"_ _1\"></span>me<span class=\"_ _1\"></span>nt of imp<span class=\"_ _1\"></span>air<span class=\"_ _1\"></span>men<span class=\"_ _1\"></span>t of \ufb01n<span class=\"_ _1\"></span>anci<span class=\"_ _1\"></span>al as<span class=\"_ _1\"></span>se<span class=\"_ _1\"></span>ts<span class=\"_ _383\"> </span>The Group assesses all \ufb01nancial assets f<span class=\"_ _6\"></span>or impairment. Loans a<span class=\"_ _1\"></span>nd adva<span class=\"_ _1\"></span>nc<span class=\"_ _1\"></span>es to cu<span class=\"_ _1\"></span>stom<span class=\"_ _1\"></span>ers<span class=\"_ _383\"> </span>The Group uses the IFRS 9 thr<span class=\"_ _6\"></span>ee-stage ECL appr<span class=\"_ _6\"></span>oach for measuring impairmen<span class=\"_ _6\"></span>t. The three impairment st<span class=\"_ _6\"></span>ages are as follo<span class=\"_ _6\"></span>ws:<span class=\"_ _383\"> </span>\u2022 <span class=\"_ _124\"> </span><span class=\"ff2 ws2\">Stage 1<span class=\"ff1\"> \u2013 a 12 month ECL allow<span class=\"_ _8\"></span>anc<span class=\"_ _1\"></span>e is recognised where ther<span class=\"_ _6\"></span>e is no signi\ufb01cant increase in cr<span class=\"_ _6\"></span>edit risk (SICR) since initial recognition.<span class=\"_ _383\"> </span></span></span>\u2022 <span class=\"_ _124\"> </span><span class=\"ff2 ws2\">Stage 2<span class=\"ff1\"> \u2013 a lifetime ECL allow<span class=\"_ _8\"></span>anc<span class=\"_ _1\"></span>e is recognised for assets wher<span class=\"_ _6\"></span>e a SICR is identi\ufb01ed since initial recognition. The assessment o<span class=\"_ _6\"></span>f whether </span></span>credit risk has incre<span class=\"_ _6\"></span>ased signi\ufb01cantly since initial recognition is performed for each r<span class=\"_ _6\"></span>eporting period for the life of the loan.<span class=\"_ _383\"> </span>\u2022 <span class=\"_ _124\"> </span><span class=\"ff2 ws2\">Stage 3<span class=\"ff1\"> \u2013 requires objective e<span class=\"_ _8\"></span>videnc<span class=\"_ _1\"></span>e that an asset is credit impair<span class=\"_ _6\"></span>ed, at which point a lifetime ECL<span class=\"_ _6\"></span> allow<span class=\"_ _6\"></span>ance is recognised.<span class=\"_ _383\"> </span></span></span>The Group measures impairmen<span class=\"_ _6\"></span>t through the use of individual and mo<span class=\"_ _6\"></span>delled assessments<span class=\"_ _6\"></span>. Individual assessment<span class=\"_ _383\"> </span>The Group<span class=\"_ _8\"></span>\u2019<span class=\"_ _6\"></span>s pro<span class=\"_ _6\"></span>visioning process requir<span class=\"_ _6\"></span>es individual assessment for high exposur<span class=\"_ _6\"></span>e or higher risk loans<span class=\"_ _6\"></span>, where La<span class=\"_ _6\"></span>w of Property Act (LP<span class=\"_ _8\"></span>A) receivers have been appoint<span class=\"_ _6\"></span>ed, the property is tak<span class=\"_ _6\"></span>en into possession or ther<span class=\"_ _6\"></span>e are other e<span class=\"_ _6\"></span>vent<span class=\"_ _6\"></span>s that suggest a high probability o<span class=\"_ _6\"></span>f credit loss<span class=\"_ _6\"></span>. Loans ar<span class=\"_ _6\"></span>e considered at a connection lev<span class=\"_ _6\"></span>el, i.e<span class=\"_ _6\"></span>. including all loans connected to the cust<span class=\"_ _6\"></span>omer<span class=\"_ _8\"></span>. The Group estimat<span class=\"_ _6\"></span>es cash \ufb02ows fr<span class=\"_ _6\"></span>om these loans, including e<span class=\"_ _6\"></span>xpected inter<span class=\"_ _6\"></span>est and principal paymen<span class=\"_ _6\"></span>ts, r<span class=\"_ _6\"></span>ental or sale pr<span class=\"_ _6\"></span>oceeds, selling and other costs<span class=\"_ _6\"></span>. The Group obtains up-to-dat<span class=\"_ _6\"></span>e independent valuations for pr<span class=\"_ _6\"></span>operties put up for sale. For all individually assessed loans with a con\ufb01rmed sale, should the pr<span class=\"_ _6\"></span>esent value o<span class=\"_ _6\"></span>f estimated futur<span class=\"_ _6\"></span>e cash \ufb02ows discoun<span class=\"_ _6\"></span>ted at the original EIR be less than the carrying value of the loan, a pr<span class=\"_ _6\"></span>ovision is r<span class=\"_ _6\"></span><span class=\"_ _383\">ecognised for the difference with such loans being classi\ufb01ed as impair</span><span class=\"_ _6\"></span>ed. How<span class=\"_ _6\"></span>ev<span class=\"_ _6\"></span>er<span class=\"_ _8\"></span>, should the present v<span class=\"_ _6\"></span>alue of the estimate<span class=\"_ _6\"></span>d future cash \ufb02o<span class=\"_ _6\"></span>ws exceed the carrying v<span class=\"_ _6\"></span>alue, no pro<span class=\"_ _8\"></span>vision is recognised. For all remaining individually assessed loans, should a full loss be e<span class=\"_ _6\"></span>xpected, the pro<span class=\"_ _6\"></span>vision is set to the carrying value<span class=\"_ _6\"></span>, with all other individually assessed loans applying the gre<span class=\"_ _6\"></span>ater of either the modelled or individual assessment.<span class=\"_ _383\"> </span>The Group applies a modelled assessmen<span class=\"_ _6\"></span>t to all loans with no individually assessed pro<span class=\"_ _6\"></span>vision.<span class=\"_ _383\"> </span>IFR<span class=\"_ _1\"></span>S 9 mod<span class=\"_ _1\"></span>el<span class=\"_ _1\"></span>le<span class=\"_ _1\"></span>d imp<span class=\"_ _1\"></span>ai<span class=\"_ _1\"></span>rment<span class=\"_ _383\"> </span>Measurement of<span class=\"_ _6\"></span> ECL<span class=\"_ _383\"> </span>The assessment of cr<span class=\"_ _6\"></span>edit risk and the estimation of ECL<span class=\"_ _6\"></span> are unbiased and pr<span class=\"_ _6\"></span>obability weight<span class=\"_ _6\"></span>ed. The ECL calculation is a produc<span class=\"_ _6\"></span>t of an individual loan<span class=\"_ _8\"></span>\u2019<span class=\"_ _6\"></span>s probability of def<span class=\"_ _6\"></span>ault (PD), exposur<span class=\"_ _6\"></span>e at default (EAD<span class=\"_ _6\"></span>) and loss given def<span class=\"_ _6\"></span>ault (L<span class=\"_ _8\"></span>GD) discounted at the EIR. The ECL<span class=\"_ _6\"></span> drivers o<span class=\"_ _6\"></span>f PD<span class=\"_ _8\"></span>, EAD and<span class=\"_ _1\"></span> L<span class=\"_ _8\"></span>GD are modelled at an account lev<span class=\"_ _6\"></span>el. The assessment of whether a SICR has occurred is based on quan<span class=\"_ _6\"></span>titative r<span class=\"_ _6\"></span>elative PD thr<span class=\"_ _6\"></span>esholds and a suite of qualitativ<span class=\"_ _6\"></span>e triggers<span class=\"_ _6\"></span>.<span class=\"_ _383\"> </span>In accordance with PRA CO<span class=\"_ _6\"></span>VID-19 guidance<span class=\"_ _6\"></span>, the Group did not automatically consider the tak<span class=\"_ _8\"></span>e-up of customer paymen<span class=\"_ _6\"></span>t deferr<span class=\"_ _6\"></span>als during the pandemic to be an indication of a SICR and, in the absence of other indicat<span class=\"_ _6\"></span>ors such as pre<span class=\"_ _6\"></span>vious arrear<span class=\"_ _6\"></span>s, lo<span class=\"_ _6\"></span>w credit score or high o<span class=\"_ _6\"></span>ther indebtedness<span class=\"_ _6\"></span>, the staging of these lo<span class=\"_ _6\"></span>ans remains unchanged in its ECL c<span class=\"_ _6\"></span>alculations.<span class=\"_ _383\"> </span>Sign<span class=\"_ _1\"></span>i\ufb01c<span class=\"_ _1\"></span>ant inc<span class=\"_ _1\"></span>re<span class=\"_ _1\"></span>as<span class=\"_ _1\"></span>e in cre<span class=\"_ _1\"></span>dit r<span class=\"_ _1\"></span>isk (movem<span class=\"_ _1\"></span>ent to s<span class=\"_ _1\"></span>tag<span class=\"_ _1\"></span>e 2)<span class=\"_ _383\"> </span>The Group<span class=\"_ _8\"></span>\u2019<span class=\"_ _6\"></span>s transf<span class=\"_ _6\"></span>er criteria determine what constitutes a SICR<span class=\"_ _6\"></span>, which results in an e<span class=\"_ _6\"></span>xposure being mo<span class=\"_ _6\"></span>ved fr<span class=\"_ _6\"></span>om stage 1 to s<span class=\"_ _6\"></span>tage 2.<span class=\"_ _383\"> </span>At the point o<span class=\"_ _6\"></span>f initial recognition, a loan is assigned a PD estimat<span class=\"_ _6\"></span>e. For each month<span class=\"_ _6\"></span>ly reporting date thereafter<span class=\"_ _8\"></span>, an updated PD estimate is computed. The Group<span class=\"_ _8\"></span>\u2019<span class=\"_ _6\"></span>s transf<span class=\"_ _6\"></span>er criteria analyses relativ<span class=\"_ _6\"></span>e changes in PD ver<span class=\"_ _6\"></span>sus the PD assigned at the point of origination, toge<span class=\"_ _6\"></span>ther with qualitative trigger<span class=\"_ _6\"></span>s using both internal indicat<span class=\"_ _6\"></span>ors, such as f<span class=\"_ _6\"></span>orbearance<span class=\"_ _6\"></span>, and external inf<span class=\"_ _6\"></span>ormation, such as changes in income and adverse cr<span class=\"_ _6\"></span>edit information to assess f<span class=\"_ _6\"></span>or SICR. In the ev<span class=\"_ _8\"></span>ent that given early warning trigger<span class=\"_ _6\"></span>s have not alr<span class=\"_ _6\"></span>eady identi\ufb01ed SICR<span class=\"_ _6\"></span>, an account more than 30 days pas<span class=\"_ _6\"></span>t due is considered to hav<span class=\"_ _6\"></span>e experienced a SICR.<span class=\"_ _383\"> </span>A borro<span class=\"_ _6\"></span>wer will mo<span class=\"_ _6\"></span>ve back int<span class=\"_ _6\"></span>o stage 1 only if the SICR de\ufb01nition is no longer trigger<span class=\"_ _6\"></span>ed.<span class=\"_ _383\"> </span>De\ufb01<span class=\"_ _1\"></span>nitio<span class=\"_ _1\"></span>n of def<span class=\"_ _1\"></span>ault (movem<span class=\"_ _1\"></span>ent to s<span class=\"_ _1\"></span>tag<span class=\"_ _1\"></span>e 3)<span class=\"_ _383\"> </span>The Group uses a number of quan<span class=\"_ _6\"></span>titative and qualitativ<span class=\"_ _8\"></span>e criteria to determine whether an account meets the de\ufb01nition of def<span class=\"_ _6\"></span>ault and theref<span class=\"_ _6\"></span>ore mov<span class=\"_ _6\"></span>es to stage 3<span class=\"_ _6\"></span>. The criteria curren<span class=\"_ _6\"></span>tly include:<span class=\"_ _383\"> </span>\u2022 <span class=\"_ _124\"> </span><span class=\"ws2\">If an acc<span class=\"_ _1\"></span>ount is more than 90 days pas<span class=\"_ _6\"></span>t due. </span>\u2022 <span class=\"_ _124\"> </span><span class=\"ws2\">Accounts that have mov<span class=\"_ _6\"></span>ed into an un<span class=\"_ _6\"></span>lik<span class=\"_ _6\"></span>ely to pay position, which includes forbear<span class=\"_ _6\"></span>ance, bankruptcy, r<span class=\"_ _6\"></span>epossession and interes<span class=\"_ _6\"></span>t-only term </span>expiry.<span class=\"_ _383\"> </span>A borro<span class=\"_ _6\"></span>wer will mo<span class=\"_ _6\"></span>ve out of s<span class=\"_ _6\"></span>tage 3 when its cre<span class=\"_ _6\"></span>dit risk improv<span class=\"_ _6\"></span>es such that it no longer meets the 90 days past due and unlik<span class=\"_ _8\"></span>ely to pay criteria and following this has complet<span class=\"_ _6\"></span>ed an internally appr<span class=\"_ _6\"></span>ove<span class=\"_ _6\"></span>d probation period. The borro<span class=\"_ _6\"></span>wer will mo<span class=\"_ _8\"></span>ve to stage 1 or s<span class=\"_ _6\"></span>tage 2 dependent on whether the SICR applies.<span class=\"_ _383\"> </span>Forward-looking<span class=\"_ _6\"></span> macroeconomic scenarios<span class=\"_ _383\"> </span>The risk of default and ECL<span class=\"_ _6\"></span> loss assessments tak<span class=\"_ _8\"></span>e into consideration e<span class=\"_ _6\"></span>xpectations of economic changes that are deemed to be r<span class=\"_ _6\"></span>easonably possible.<span class=\"_ _383\"> </span>The Group conducts analysis to det<span class=\"_ _6\"></span>ermine the most signi\ufb01cant f<span class=\"_ _6\"></span>actors which may in\ufb02uence the lik<span class=\"_ _8\"></span>elihood of an exposure de<span class=\"_ _6\"></span>faulting in the future<span class=\"_ _6\"></span>. The macroeconomic factors r<span class=\"_ _6\"></span>elate to the HPI, unemployment r<span class=\"_ _8\"></span>ate (UR), Consumer Pric<span class=\"_ _1\"></span>e Index (CPI), Gr<span class=\"_ _6\"></span>oss domestic pro<span class=\"_ _6\"></span>duct (GDP), Commercial Real Es<span class=\"_ _6\"></span>tate Index (<span class=\"_ _6\"></span>CRE) and the Bank of England Base Rate (BBR).<span class=\"_ _383\"> </span>The Group has de<span class=\"_ _6\"></span>veloped an appro<span class=\"_ _6\"></span>ach for factoring pr<span class=\"_ _6\"></span>obability-weigh<span class=\"_ _6\"></span>ted macroeconomic forecas<span class=\"_ _6\"></span>ts into ECL<span class=\"_ _6\"></span> calculations, adjus<span class=\"_ _6\"></span>ting PD and L<span class=\"_ _8\"></span>GD estimates<span class=\"_ _6\"></span>. The macroeconomic scenarios feed directly int<span class=\"_ _6\"></span>o the ECL calculation, as the adjust<span class=\"_ _6\"></span>ed PD<span class=\"_ _8\"></span>, lifetime PD and L<span class=\"_ _6\"></span>GD estimates ar<span class=\"_ _6\"></span>e used within the individual account ECL allo<span class=\"_ _6\"></span>wance calculations<span class=\"_ _6\"></span>.<span class=\"_ _383\"> </span>The Group sources economic for<span class=\"_ _6\"></span>ecast information fr<span class=\"_ _6\"></span>om an appropriately quali\ufb01ed thir<span class=\"_ _6\"></span>d party when determining scenarios. The Group consider<span class=\"_ _6\"></span>s four probability-<span class=\"_ _6\"></span>weight<span class=\"_ _6\"></span>ed scenarios, base<span class=\"_ _6\"></span>, upside, do<span class=\"_ _6\"></span>wnside and sev<span class=\"_ _6\"></span>ere downside scenarios<span class=\"_ _8\"></span>.<span class=\"_ _1\"></span> The base case is also utilised within the Group<span class=\"_ _8\"></span>\u2019<span class=\"_ _8\"></span>s impairment forecasting pr<span class=\"_ _6\"></span>ocess which in turn feeds the wider business planning processes. The ECL models are also use<span class=\"_ _6\"></span>d to set the Group<span class=\"_ _8\"></span>\u2019<span class=\"_ _8\"></span>s credit risk appetite thresholds and limits<span class=\"_ _6\"></span>.<span class=\"_ _383\"> </span>Peri<span class=\"_ _1\"></span>od ove<span class=\"_ _1\"></span>r wh<span class=\"_ _1\"></span>ich EC<span class=\"_ _1\"></span>L is me<span class=\"_ _1\"></span>as<span class=\"_ _1\"></span>ure<span class=\"_ _1\"></span>d ECL is measure<span class=\"_ _6\"></span>d from the initial recognition of the asset which is the dat<span class=\"_ _6\"></span>e at which the loan is originated or the date a loan is purchase<span class=\"_ _6\"></span>d and at each balance sheet date thereafter<span class=\"_ _8\"></span>. The maximum period considered when measuring ECL (<span class=\"_ _8\"></span>either 12 months or lifetime ECL) is the maximum contractual perio<span class=\"_ _6\"></span>d ov<span class=\"_ _6\"></span>er which the Group is exposed t<span class=\"_ _6\"></span>o the credit risk of the asset. For modelling purposes<span class=\"_ _8\"></span>, the Group considers the contractual maturity of the loan produc<span class=\"_ _6\"></span>t and then considers the behavioural tr<span class=\"_ _6\"></span>ends of the asset.<span class=\"_ _383\"> </span>Purchased or ori<span class=\"_ _6\"></span>ginated credi<span class=\"_ _6\"></span>t impaired (POCI)<span class=\"_ _383\"> </span>Acquired loans that meet the Gr<span class=\"_ _6\"></span>oup<span class=\"_ _8\"></span>\u2019<span class=\"_ _6\"></span>s de\ufb01nition of def<span class=\"_ _6\"></span>ault (90 days past due or an unlik<span class=\"_ _8\"></span>ely to pay position) at acquisition are treat<span class=\"_ _6\"></span>ed as POCI assets<span class=\"_ _6\"></span>. These assets attract a lif<span class=\"_ _6\"></span>etime ECL allo<span class=\"_ _6\"></span>wance o<span class=\"_ _6\"></span>ver the full term of the lo<span class=\"_ _6\"></span>an, even when these lo<span class=\"_ _6\"></span>ans no longer meet the de\ufb01nition of def<span class=\"_ _6\"></span>ault post acquisition. The Gr<span class=\"_ _6\"></span>oup does not originate credit-impaire<span class=\"_ _6\"></span>d loans.<span class=\"_ _383\"> </span><span class=\"_ _383\">1.\u2002Acc</span><span class=\"_ _1\"></span>ountin<span class=\"_ _1\"></span>g pol<span class=\"_ _1\"></span>icie<span class=\"_ _1\"></span>s<span class=\"ff5 lsd4 ws46\"> continue<span class=\"_ _1\"></span>d<span class=\"_ _383\"> </span></span>Intercomp<span class=\"_ _1\"></span>any loans<span class=\"_ _383\"> </span>Inter<span class=\"_ _6\"></span>company receivables in the Company \ufb01nancial statemen<span class=\"_ _6\"></span>ts are assessed for ECL<span class=\"_ _6\"></span> based on an assessment of the PD and L<span class=\"_ _1f6\"></span>GD, discoun<span class=\"_ _6\"></span>ted to a net present v<span class=\"_ _6\"></span>alue. Other \ufb01nan<span class=\"_ _1\"></span>cial ass<span class=\"_ _1\"></span>ets<span class=\"_ _383\"> </span>Other \ufb01nancial assets comprise cash balances with the Bank of England (BoE) and other credit ins<span class=\"_ _6\"></span>titutions and high grade in<span class=\"_ _6\"></span>ves<span class=\"_ _6\"></span>tment securities. The Group deems the lik<span class=\"_ _8\"></span>elihood of default across these counterparties as lo<span class=\"_ _6\"></span>w and does not recognise a provision agains<span class=\"_ _6\"></span>t the carrying balances.<span class=\"_ _383\"> </span>Share repurcha<span class=\"_ _6\"></span>se Upon Board authorisation of a shar<span class=\"_ _6\"></span>e repurchase pr<span class=\"_ _6\"></span>ogramme and signing an irr<span class=\"_ _6\"></span>ev<span class=\"_ _6\"></span>ocable agreement, a shar<span class=\"_ _6\"></span>e repurchase liability is r<span class=\"_ _6\"></span>ecognised in <span class=\"_ _383\">other liabilities with the offset in r</span><span class=\"_ _6\"></span>etained earnings<span class=\"_ _6\"></span>. Each share r<span class=\"_ _6\"></span>epurchase re<span class=\"_ _6\"></span>duces the provision. Upon shar<span class=\"_ _6\"></span>e cancellation, share capital is debited with a credit to the capit<span class=\"_ _6\"></span>al redemption reserve equal t<span class=\"_ _6\"></span>o \u00a30<span class=\"_ _6\"></span>.01 f<span class=\"_ _6\"></span>or each share cancelled.<span class=\"_ _383\"> </span><span class=\"_ _383\">q)\u2002Lo</span><span class=\"_ _1\"></span>ans and a<span class=\"_ _1\"></span>dvanc<span class=\"_ _1\"></span>es to c<span class=\"_ _1\"></span>ust<span class=\"_ _1\"></span>ome<span class=\"_ _1\"></span>rs<span class=\"_ _383\"> </span>Loans and adv<span class=\"_ _6\"></span>ances to customer<span class=\"_ _6\"></span>s are predominan<span class=\"_ _6\"></span>tly mortgage loans and advances to customer<span class=\"_ _6\"></span>s with \ufb01xed or determinable paymen<span class=\"_ _6\"></span>ts that are not quoted in an ac<span class=\"_ _6\"></span>tive mark<span class=\"_ _8\"></span>et and that the Group does not intend to sell in the near t<span class=\"_ _6\"></span>erm. They are initially recorde<span class=\"_ _6\"></span>d at fair value plus any directly attributable tr<span class=\"_ _6\"></span>ansaction costs and ar<span class=\"_ _6\"></span>e subsequently measured at amortised cost using the EIR method, less impairmen<span class=\"_ _6\"></span>t losses. Wher<span class=\"_ _6\"></span>e exposures ar<span class=\"_ _6\"></span>e hedged by derivativ<span class=\"_ _6\"></span>es, designate<span class=\"_ _6\"></span>d and qualifying as fair value hedges<span class=\"_ _6\"></span>, the fair value adjus<span class=\"_ _6\"></span>tment for the hedged risk t<span class=\"_ _6\"></span>o the carrying value of the hedged loans and adv<span class=\"_ _6\"></span>ances is reported in fair value adjus<span class=\"_ _6\"></span>tments for hedged asse<span class=\"_ _6\"></span>ts.<span class=\"_ _383\"> </span>Loans and the r<span class=\"_ _6\"></span>elated pro<span class=\"_ _6\"></span>vision are written o<span class=\"_ _6\"></span><span class=\"_ _383\">ff when there is a shortfall remaining after the underlying security is sold. Subsequent reco</span><span class=\"_ _6\"></span>veries of amounts pr<span class=\"_ _6\"></span><span class=\"_ _383\">eviously written off ar</span><span class=\"_ _6\"></span>e tak<span class=\"_ _8\"></span>en through pro\ufb01t or loss<span class=\"_ _6\"></span>.<span class=\"_ _383\"> </span>Loans and adv<span class=\"_ _6\"></span>ances to customer<span class=\"_ _6\"></span>s ov<span class=\"_ _6\"></span>er which the Group transf<span class=\"_ _6\"></span>ers its righ<span class=\"_ _6\"></span>ts to the collateral ther<span class=\"_ _6\"></span>eon to the BoE under the T<span class=\"_ _8\"></span>erm Funding Scheme with additional incentives f<span class=\"_ _6\"></span>or SMEs (<span class=\"_ _1\"></span>TFSME) are not derecognised fr<span class=\"_ _6\"></span>om the Consolidated Statemen<span class=\"_ _6\"></span>t of Financial Position, as the Group r<span class=\"_ _6\"></span>etains substan<span class=\"_ _6\"></span>tially all the risks and r<span class=\"_ _6\"></span>ew<span class=\"_ _6\"></span>ards o<span class=\"_ _6\"></span>f owner<span class=\"_ _6\"></span>ship, including all cash \ufb02o<span class=\"_ _6\"></span>ws arising from the loans and advances and e<span class=\"_ _6\"></span>xposure to cr<span class=\"_ _6\"></span>edit risk. The Group classi\ufb01es TFSME as amortised cost under IFRS 9 Financial Ins<span class=\"_ _6\"></span>truments<span class=\"_ _8\"></span>.<span class=\"_ _383\"> </span>Loans and adv<span class=\"_ _6\"></span>ances to customer<span class=\"_ _6\"></span>s include a small acquired mortgage portfolio where the contr<span class=\"_ _6\"></span>actual cash \ufb02ows include paymen<span class=\"_ _6\"></span>ts that are not SPPI and inter<span class=\"_ _6\"></span>est and as such are measur<span class=\"_ _6\"></span>ed at FV<span class=\"_ _1\"></span>TPL. Loans and adv<span class=\"_ _6\"></span>ances to customer<span class=\"_ _6\"></span>s contain the Group<span class=\"_ _8\"></span>\u2019<span class=\"_ _8\"></span>s asset \ufb01nance lease lending. Financ<span class=\"_ _1\"></span>e leases are initially measur<span class=\"_ _6\"></span>ed at an amount equal to the net inv<span class=\"_ _6\"></span>estment in the le<span class=\"_ _6\"></span>ase, using the int<span class=\"_ _6\"></span>erest r<span class=\"_ _6\"></span>ate implicit in the \ufb01nance lease. Dir<span class=\"_ _6\"></span>ect costs ar<span class=\"_ _6\"></span>e included in the initial measurement o<span class=\"_ _6\"></span>f the net inv<span class=\"_ _6\"></span>estment in the lease and r<span class=\"_ _6\"></span>educe the amount of income r<span class=\"_ _6\"></span>ecognised over the lease t<span class=\"_ _6\"></span>erm. Finance income is recognised over the le<span class=\"_ _6\"></span>ase term, based on a pattern re\ufb02ecting a cons<span class=\"_ _6\"></span>tant periodic r<span class=\"_ _6\"></span>ate of r<span class=\"_ _6\"></span>eturn on the net inv<span class=\"_ _6\"></span>estment in the lease<span class=\"_ _8\"></span>.<span class=\"_ _383\"> </span><span class=\"_ _383\">r)\u2002Investme</span><span class=\"_ _1\"></span>nt se<span class=\"_ _1\"></span>curitie<span class=\"_ _1\"></span>s<span class=\"_ _383\"> </span>Inv<span class=\"_ _6\"></span>estment securities include securities held for liquidity purposes (UK tr<span class=\"_ _6\"></span>easury bills, UK Gilts and R<span class=\"_ _6\"></span>esidential Mortgage-Back<span class=\"_ _8\"></span>ed Se<span class=\"_ _1\"></span>curities (RMBS)). These assets are non-deriv<span class=\"_ _6\"></span>atives that are designat<span class=\"_ _6\"></span>ed on an individual basis as amortised cost, FVOCI or FVTPL.<span class=\"_ _383\"> </span>Assets classi\ufb01ed as amortised cost are initially r<span class=\"_ _6\"></span>ecognised at fair value and subsequently measur<span class=\"_ _6\"></span>ed at amortised cost using the EIR method, less impairment losses<span class=\"_ _6\"></span>. Assets held at FV<span class=\"_ _6\"></span>OCI are measure<span class=\"_ _6\"></span>d at fair value with mo<span class=\"_ _6\"></span>vement<span class=\"_ _6\"></span>s tak<span class=\"_ _6\"></span>en to OCI and accumulated in the FV<span class=\"_ _6\"></span>OCI reserve within equity, e<span class=\"_ _6\"></span>xcept for impairment losses which are t<span class=\"_ _6\"></span>ak<span class=\"_ _6\"></span>en to pro<span class=\"_ _6\"></span>\ufb01t or loss. Where the ins<span class=\"_ _6\"></span>trument is sold, the gain or loss accumulated in equity is r<span class=\"_ _6\"></span>eclassi\ufb01ed to pro\ufb01t or loss.<span class=\"_ _383\"> </span>Assets held at FVTPL are measured at fair v<span class=\"_ _6\"></span>alue with mov<span class=\"_ _6\"></span>ements tak<span class=\"_ _8\"></span>en to the Consolidated Statemen<span class=\"_ _6\"></span>t of Comprehensive Income<span class=\"_ _6\"></span>.<span class=\"_ _383\"> </span><span class=\"_ _383\">s)\u2002Depos</span><span class=\"_ _1\"></span>its, d<span class=\"_ _1\"></span>ebt s<span class=\"_ _1\"></span>ec<span class=\"_ _1\"></span>uritie<span class=\"_ _1\"></span>s in iss<span class=\"_ _1\"></span>ue and s<span class=\"_ _1\"></span>ubo<span class=\"_ _1\"></span>rdinat<span class=\"_ _1\"></span>ed li<span class=\"_ _1\"></span>abiliti<span class=\"_ _1\"></span>es<span class=\"_ _383\"> </span>Deposits, debt securities in issue and subor<span class=\"_ _6\"></span>dinated liabilities are the Gr<span class=\"_ _6\"></span>oup<span class=\"_ _6\"></span>\u2019<span class=\"_ _8\"></span>s sources of debt funding. They comprise deposits from r<span class=\"_ _6\"></span>etail customer<span class=\"_ _6\"></span>s and credit institutions<span class=\"_ _8\"></span>, including c<span class=\"_ _1\"></span>ollateralised lo<span class=\"_ _6\"></span>an advances from the BoE under the TFSME, asset-back<span class=\"_ _8\"></span>ed loan notes issued through the Group<span class=\"_ _8\"></span>\u2019<span class=\"_ _6\"></span>s securitisation progr<span class=\"_ _6\"></span>ammes and subordinated liabilities<span class=\"_ _8\"></span>. Subordinated liabilities include the Sterling PSBs where the t<span class=\"_ _6\"></span>erms allow no absolute discretion o<span class=\"_ _6\"></span>ver the paymen<span class=\"_ _6\"></span>t of inter<span class=\"_ _6\"></span>est. These \ufb01nancial liabilities are initially me<span class=\"_ _6\"></span>asured at fair v<span class=\"_ _6\"></span>alue less direct transaction cos<span class=\"_ _6\"></span>ts, and subsequently held at amortised cost using the EIR method.<span class=\"_ _383\"> </span>Cash received under the TF<span class=\"_ _6\"></span>SME is recorded in amoun<span class=\"_ _6\"></span>ts ow<span class=\"_ _6\"></span>ed to cre<span class=\"_ _6\"></span>dit institutions<span class=\"_ _6\"></span>. Interes<span class=\"_ _6\"></span>t is accrued ov<span class=\"_ _6\"></span>er the life of the agr<span class=\"_ _6\"></span>eements on an EIR basis<span class=\"_ _383\"> </span>. <span class=\"_ _383\">t)\u2002Sale an</span><span class=\"_ _1\"></span>d rep<span class=\"_ _1\"></span>urc<span class=\"_ _1\"></span>has<span class=\"_ _1\"></span>e agre<span class=\"_ _1\"></span>em<span class=\"_ _1\"></span>ent<span class=\"_ _1\"></span>s<span class=\"_ _383\"> </span>Financial assets sold subject to repur<span class=\"_ _6\"></span>chase agreements (r<span class=\"_ _6\"></span>epo) ar<span class=\"_ _6\"></span>e retained in the \ufb01nancial s<span class=\"_ _6\"></span>tatement<span class=\"_ _6\"></span>s if they fail derecognition criteria of IFR<span class=\"_ _6\"></span>S 9 described in paragr<span class=\"_ _6\"></span>aph p (iii) abov<span class=\"_ _6\"></span>e. The \ufb01nancial asset<span class=\"_ _6\"></span>s that are ret<span class=\"_ _6\"></span>ained in the \ufb01nancial statemen<span class=\"_ _6\"></span>ts are r<span class=\"_ _6\"></span>e\ufb02ected as loans and advances to customer<span class=\"_ _6\"></span>s or inv<span class=\"_ _6\"></span>estment securities and the counterparty liability is included in amount<span class=\"_ _6\"></span>s ow<span class=\"_ _6\"></span>ed to credit ins<span class=\"_ _6\"></span>titutions or other customer<span class=\"_ _6\"></span>s. Financial assets purchased under agr<span class=\"_ _6\"></span>eements to r<span class=\"_ _6\"></span>esell at a predetermined price wher<span class=\"_ _6\"></span>e the transaction is \ufb01nancing in natur<span class=\"_ _6\"></span>e (rev<span class=\"_ _6\"></span>erse r<span class=\"_ _6\"></span>epo) ar<span class=\"_ _6\"></span>e accounted for as loans and advances to cr<span class=\"_ _6\"></span>edit institutions<span class=\"_ _6\"></span><span class=\"_ _383\">. The difference betw</span><span class=\"_ _6\"></span>een the sale and repurchase price is tr<span class=\"_ _6\"></span>eated as inter<span class=\"_ _6\"></span>est and accrued o<span class=\"_ _6\"></span>ver the life of the agr<span class=\"_ _6\"></span>eement using the EIR method.<span class=\"_ _383\"> </span><span class=\"_ _383\">u)\u2002Derivative \ufb01n</span><span class=\"_ _1\"></span>anci<span class=\"_ _1\"></span>al ins<span class=\"_ _1\"></span>trum<span class=\"_ _1\"></span>ents The Group uses derivativ<span class=\"_ _6\"></span>e \ufb01nancial instrumen<span class=\"_ _6\"></span>ts (inter<span class=\"_ _6\"></span>est rat<span class=\"_ _6\"></span>e swaps) t<span class=\"_ _6\"></span>o manage its exposur<span class=\"_ _6\"></span>e to inter<span class=\"_ _6\"></span>est rat<span class=\"_ _6\"></span>e risk. In accordance with the Group Mark<span class=\"_ _6\"></span>et and Liquidity Risk Policy, the Group does not hold or issue deriv<span class=\"_ _6\"></span>ative \ufb01nancial instrumen<span class=\"_ _6\"></span>ts for pr<span class=\"_ _6\"></span>oprietary trading.<span class=\"_ _383\"> </span>Derivative \ufb01nancial ins<span class=\"_ _6\"></span>truments ar<span class=\"_ _6\"></span>e recognised at their fair value with changes in their fair v<span class=\"_ _6\"></span>alue tak<span class=\"_ _8\"></span>en to pro\ufb01t or loss. F<span class=\"_ _6\"></span>air values are calculated by discounting cash \ufb02ow<span class=\"_ _6\"></span>s at the pre<span class=\"_ _6\"></span>vailing inter<span class=\"_ _6\"></span>est r<span class=\"_ _6\"></span>ates. All deriv<span class=\"_ _6\"></span>atives are classi\ufb01ed as asse<span class=\"_ _6\"></span>ts when their fair value is positiv<span class=\"_ _6\"></span>e and as liabilities when their fair value is negativ<span class=\"_ _6\"></span>e. If a deriv<span class=\"_ _6\"></span>ative is cancelled, it is derecognised fr<span class=\"_ _6\"></span>om the Consolidated Statemen<span class=\"_ _6\"></span>t of Financial Position.<span class=\"_ _383\"> </span>The Group also uses derivativ<span class=\"_ _6\"></span>es to hedge the int<span class=\"_ _6\"></span>erest r<span class=\"_ _6\"></span>ate risk inheren<span class=\"_ _6\"></span>t in irrev<span class=\"_ _8\"></span>o<span class=\"_ _1\"></span><span class=\"_ _383\">cable offer</span><span class=\"_ _6\"></span>s to lend. This exposes the Group t<span class=\"_ _6\"></span>o mov<span class=\"_ _6\"></span>ements in the fair value of deriv<span class=\"_ _6\"></span>atives un<span class=\"_ _6\"></span>til the loan is drawn. The changes to f<span class=\"_ _6\"></span>air value are r<span class=\"_ _6\"></span>ecognised in pro\ufb01t or loss in the period. <span class=\"_ _383\">v)\u2002Hedg</span><span class=\"_ _1\"></span>e ac<span class=\"_ _1\"></span>count<span class=\"_ _1\"></span>ing<span class=\"_ _383\"> </span>The Group has chosen to continue t<span class=\"_ _6\"></span>o apply the hedge accounting requiremen<span class=\"_ _6\"></span>ts of IA<span class=\"_ _6\"></span>S 39 instead of the r<span class=\"_ _6\"></span>equiremen<span class=\"_ _6\"></span>ts in Chapter 6 of IFR<span class=\"_ _6\"></span>S 9<span class=\"_ _1f6\"></span>. The Group uses fair v<span class=\"_ _6\"></span>alue hedge accounting for a portfolio hedge of int<span class=\"_ _6\"></span>erest r<span class=\"_ _6\"></span>ate risk. Portfolio hedge accounting allows f<span class=\"_ _6\"></span><span class=\"_ _383\">or hedge effectiv</span><span class=\"_ _6\"></span>eness testing and accounting o<span class=\"_ _6\"></span>ver an en<span class=\"_ _6\"></span>tire portfolio of \ufb01nancial assets or liabilities<span class=\"_ _6\"></span>. T<span class=\"_ _8\"></span>o qualify for hedge accounting at inception, hedge relationships ar<span class=\"_ _6\"></span>e clearly documented and deriv<span class=\"_ _6\"></span>atives must be e<span class=\"_ _6\"></span>xpected to be highly e<span class=\"_ _6\"></span><span class=\"_ _383\">ffective </span><span class=\"_ _383\">in offsetting the hedge</span><span class=\"_ _6\"></span>d risks<span class=\"_ _8\"></span><span class=\"_ _383\">. In addition, effectiveness must be t</span><span class=\"_ _6\"></span>ested thr<span class=\"_ _6\"></span>oughout the life of the hedge relationship<span class=\"_ _6\"></span>. This applies to all derivativ<span class=\"_ _6\"></span>es including SONIA<span class=\"_ _6\"></span>-link<span class=\"_ _6\"></span>ed derivativ<span class=\"_ _6\"></span>es entered in<span class=\"_ _6\"></span>to to replace LIBOR-link<span class=\"_ _8\"></span>ed derivatives<span class=\"_ _8\"></span>, as a result of IBOR ref<span class=\"_ _6\"></span>orms during 2021.<span class=\"_ _383\"> </span>The Group applies fair v<span class=\"_ _6\"></span>alue portfolio hedge accounting to its \ufb01xed r<span class=\"_ _6\"></span>ate portfolio of mortgages and saving accounts. The hedge<span class=\"_ _6\"></span>d portfolio is analysed into r<span class=\"_ _6\"></span>epricing time periods based on expected r<span class=\"_ _6\"></span>epricing dates, utilising the Gr<span class=\"_ _6\"></span>oup Assets and Liabilities Committee (AL<span class=\"_ _8\"></span>CO) approv<span class=\"_ _8\"></span>ed<span class=\"_ _1\"></span> prepayment curve<span class=\"_ _6\"></span>. Inter<span class=\"_ _6\"></span>est r<span class=\"_ _6\"></span>ate sw<span class=\"_ _6\"></span>aps are designated agains<span class=\"_ _6\"></span>t the repricing time periods to es<span class=\"_ _6\"></span>tablish the hedge relationship<span class=\"_ _6\"></span><span class=\"_ _383\">. Hedge effectiv</span><span class=\"_ _6\"></span>eness is calculated as a percen<span class=\"_ _6\"></span>tage of the fair value mo<span class=\"_ _8\"></span>vement of the int<span class=\"_ _6\"></span>erest r<span class=\"_ _6\"></span>ate sw<span class=\"_ _6\"></span>ap against the fair v<span class=\"_ _6\"></span>alue mov<span class=\"_ _6\"></span>ement of the hedged it<span class=\"_ _6\"></span>em ov<span class=\"_ _6\"></span>er the period teste<span class=\"_ _6\"></span>d. The Group considers the f<span class=\"_ _6\"></span>ollowing as k<span class=\"_ _8\"></span><span class=\"_ _383\">ey sources of hedge ineffectiv</span><span class=\"_ _6\"></span>eness:<span class=\"_ _383\"> </span>\u2022 <span class=\"_ _124\"> </span><span class=\"ws2\">the mismatch in maturity date of the sw<span class=\"_ _6\"></span>ap and hedged item, as sw<span class=\"_ _6\"></span>aps with a given maturity date co<span class=\"_ _6\"></span>ver a portfolio of hedged it<span class=\"_ _6\"></span>ems which </span>may mature throughout the mon<span class=\"_ _6\"></span>th;<span class=\"_ _383\"> </span>\u2022 <span class=\"_ _124\"> </span><span class=\"ws2\"><span class=\"_ _383\">the actual behaviour of the hedged item differing from e</span><span class=\"_ _6\"></span>xpectations, such as e<span class=\"_ _6\"></span>arly repayments or withdr<span class=\"_ _6\"></span>aw<span class=\"_ _6\"></span>als and arrears;<span class=\"_ _383\"> </span></span>\u2022 <span class=\"_ _124\"> </span><span class=\"ws2\">minimal movement<span class=\"_ _6\"></span><span class=\"_ _383\">s in the yield curve leading to ineffectiv</span><span class=\"_ _6\"></span>eness where hedge r<span class=\"_ _6\"></span>elationships are sensitive t<span class=\"_ _6\"></span>o small value changes; and<span class=\"_ _383\"> </span></span>\u2022 <span class=\"_ _124\"> </span><span class=\"ws2\">the transition relating to LIBOR r<span class=\"_ _6\"></span>eforms during 2021 wher<span class=\"_ _6\"></span>eby some hedged instrumen<span class=\"_ _6\"></span>ts and hedged items ar<span class=\"_ _6\"></span><span class=\"_ _383\">e based on differen</span><span class=\"_ _6\"></span>t benchmark </span>rates<span class=\"_ _8\"></span>.<span class=\"_ _383\"> </span>Where there is an e<span class=\"_ _6\"></span><span class=\"_ _383\">ffective hedge r</span><span class=\"_ _6\"></span>elationship for fair v<span class=\"_ _6\"></span>alue hedges, the Gr<span class=\"_ _6\"></span>oup recognises the change in fair value of e<span class=\"_ _6\"></span>ach hedged item in pro\ufb01t or loss with the cumulative mo<span class=\"_ _6\"></span>vement in their v<span class=\"_ _6\"></span>alue being shown separ<span class=\"_ _6\"></span>ately in the Consolidated Stat<span class=\"_ _6\"></span>ement of Financial Position as fair v<span class=\"_ _6\"></span>alue adjustment<span class=\"_ _6\"></span>s on hedged assets and liabilities<span class=\"_ _6\"></span>. The fair value changes of both the deriv<span class=\"_ _6\"></span>ative and the hedge subs<span class=\"_ _6\"></span><span class=\"_ _383\">tantially off</span><span class=\"_ _6\"></span>set each other to r<span class=\"_ _6\"></span>educe pro\ufb01t v<span class=\"_ _6\"></span>olatility.<span class=\"_ _383\"> </span>The Group discontinues hedge accounting when the deriv<span class=\"_ _6\"></span>ative ceases through e<span class=\"_ _6\"></span>xpiry, when the derivative is c<span class=\"_ _6\"></span>ancelled or the underlying hedged item matures<span class=\"_ _6\"></span>, is sold or is repaid.<span class=\"_ _383\"> </span>If a derivative no longer meet<span class=\"_ _6\"></span>s the criteria for hedge accounting or is cancelled whilst s<span class=\"_ _6\"></span><span class=\"_ _383\">till effectiv</span><span class=\"_ _6\"></span>e, including LIBOR-link<span class=\"_ _8\"></span>ed derivatives c<span class=\"_ _6\"></span>ancelled as a result of IBOR r<span class=\"_ _6\"></span>eforms during 2<span class=\"_ _6\"></span>021, the fair value adjus<span class=\"_ _6\"></span>tment relating to the hedge<span class=\"_ _6\"></span>d assets or liabilities within the hedge relationship prior to the derivativ<span class=\"_ _6\"></span><span class=\"_ _383\">e becoming ineffective or being cancelled r</span><span class=\"_ _6\"></span>emains on the Consolidated Statemen<span class=\"_ _6\"></span>t of Financial Position and is amortised over the remaining life o<span class=\"_ _6\"></span>f the hedged assets or liabilities<span class=\"_ _6\"></span>. The rate of amortisation ov<span class=\"_ _8\"></span>er the remaining life is in line with expected income or cost gener<span class=\"_ _6\"></span>ated from the hedged assets or liabilities<span class=\"_ _8\"></span>. Each reporting period, the expectation is compared to actual with an accelerat<span class=\"_ _6\"></span><span class=\"_ _383\">ed run-off applied where the </span>two div<span class=\"_ _6\"></span>erge by mor<span class=\"_ _6\"></span>e than set parameter<span class=\"_ _6\"></span>s.<span class=\"_ _383\"> </span><span class=\"_ _383\">w)\u2002Debit an</span><span class=\"_ _1\"></span>d cre<span class=\"_ _1\"></span>dit valuat<span class=\"_ _1\"></span>ion ad<span class=\"_ _1\"></span>just<span class=\"_ _1\"></span>ment<span class=\"_ _1\"></span>s<span class=\"_ _383\"> </span>The D<span class=\"_ _6\"></span>V<span class=\"_ _8\"></span>A and CV<span class=\"_ _1f6\"></span>A are included in the fair value of deriv<span class=\"_ _6\"></span>ative \ufb01nancial instrumen<span class=\"_ _6\"></span>ts. The D<span class=\"_ _8\"></span>V<span class=\"_ _8\"></span>A is based on the expected loss a counterparty faces due to the risk of the Group<span class=\"_ _8\"></span>\u2019<span class=\"_ _8\"></span>s two banking entities def<span class=\"_ _6\"></span>aulting. The C<span class=\"_ _6\"></span>V<span class=\"_ _8\"></span>A re\ufb02ects the Group<span class=\"_ _8\"></span>\u2019<span class=\"_ _8\"></span>s risk of the counterparty\u2019<span class=\"_ _8\"></span>s default. The methodology is based on a st<span class=\"_ _6\"></span>andard calculation, taking in<span class=\"_ _6\"></span>to account: \u2022 <span class=\"_ _124\"> </span><span class=\"ws2\">the one-year PD;<span class=\"_ _383\"> </span></span>\u2022 <span class=\"_ _124\"> </span><span class=\"ws2\">the expected EAD; </span>\u2022 <span class=\"_ _124\"> </span><span class=\"ws2\">the expected L<span class=\"_ _8\"></span>GD; and<span class=\"_ _383\"> </span></span>\u2022 <span class=\"_ _124\"> </span><span class=\"ws2\">the average maturity of the s<span class=\"_ _6\"></span>waps<span class=\"_ _6\"></span>.<span class=\"_ _383\"> </span></span><span class=\"_ _383\">1.\u2002Acc</span><span class=\"_ _1\"></span>ountin<span class=\"_ _1\"></span>g pol<span class=\"_ _1\"></span>icie<span class=\"_ _1\"></span>s<span class=\"ff5 lsd4 ws46\"> continue<span class=\"_ _1\"></span>d<span class=\"_ _383\"> </span></span><span class=\"_ _383\">x)\u2002Provis</span><span class=\"_ _1\"></span>ions an<span class=\"_ _1\"></span>d cont<span class=\"_ _1\"></span>inge<span class=\"_ _1\"></span>nt liab<span class=\"_ _1\"></span>ilitie<span class=\"_ _1\"></span>s<span class=\"_ _383\"> </span>A pro<span class=\"_ _6\"></span>vision is recognised when there is a presen<span class=\"_ _6\"></span>t obligation as a result of a pas<span class=\"_ _6\"></span>t ev<span class=\"_ _6\"></span>ent, it is probable that the obligation will be se<span class=\"_ _6\"></span>ttled and the amount can be es<span class=\"_ _6\"></span>timated reliably. Pro<span class=\"_ _6\"></span>visions include ECLs on the Group<span class=\"_ _8\"></span>\u2019<span class=\"_ _6\"></span>s undrawn loan commitmen<span class=\"_ _6\"></span>ts.<span class=\"_ _383\"> </span>Contingent liabilities ar<span class=\"_ _6\"></span>e possible obligations arising from past e<span class=\"_ _6\"></span>ven<span class=\"_ _6\"></span>ts, whose e<span class=\"_ _6\"></span>xistence will be con\ufb01rmed only by uncertain future e<span class=\"_ _6\"></span>ven<span class=\"_ _6\"></span>ts, or present obligations arising fr<span class=\"_ _6\"></span>om past e<span class=\"_ _6\"></span>vent<span class=\"_ _6\"></span>s which are either not probable or the amoun<span class=\"_ _6\"></span>t of the obligation cannot be r<span class=\"_ _6\"></span>eliably measured. Contingent liabilities ar<span class=\"_ _6\"></span>e not recognised but disclosed unless they are not mat<span class=\"_ _6\"></span>erial or their probability is remot<span class=\"_ _6\"></span>e.<span class=\"_ _383\"> </span><span class=\"_ _383\">y)\u2002Empl</span><span class=\"_ _1\"></span>oye<span class=\"_ _1\"></span>e b<span class=\"_ _1\"></span>ene<span class=\"_ _1\"></span>\ufb01ts \u2013 de<span class=\"_ _1\"></span>\ufb01ne<span class=\"_ _1\"></span>d co<span class=\"_ _1\"></span>ntribu<span class=\"_ _1\"></span>tion s<span class=\"_ _1\"></span>che<span class=\"_ _1\"></span>me<span class=\"_ _383\"> </span>The Group contributes t<span class=\"_ _6\"></span>o de\ufb01ned contribution personal pension plans or de<span class=\"_ _6\"></span>\ufb01ned contribution retir<span class=\"_ _6\"></span>ement bene\ufb01t schemes f<span class=\"_ _6\"></span>or all qualifying employees who subscribe to the terms and conditions of the schemes<span class=\"_ _8\"></span>\u2019 policies. Obligations for contributions to de<span class=\"_ _6\"></span>\ufb01ned contribution pension arrangemen<span class=\"_ _6\"></span>ts are r<span class=\"_ _6\"></span>ecognised as an expense in pro\ufb01t or loss as incurr<span class=\"_ _6\"></span>ed.<span class=\"_ _383\"> </span><span class=\"_ _383\">z)\u2002Share</span><span class=\"_ _1\"></span>-<span class=\"_ _1\"></span>bas<span class=\"_ _1\"></span>ed p<span class=\"_ _1\"></span>aym<span class=\"_ _1\"></span>ents<span class=\"_ _383\"> </span>Equity-settled share-based paymen<span class=\"_ _6\"></span>ts to employees pro<span class=\"_ _6\"></span>viding services are measured at the fair v<span class=\"_ _6\"></span>alue of the equity instrumen<span class=\"_ _6\"></span>ts at the gran<span class=\"_ _6\"></span>t date in accordance with IFRS 2. The fair v<span class=\"_ _6\"></span>alue excludes the e<span class=\"_ _6\"></span><span class=\"_ _383\">ffect of non-mark</span><span class=\"_ _8\"></span>et-based vesting conditions<span class=\"_ _6\"></span>.<span class=\"_ _383\"> </span>The cost of the aw<span class=\"_ _6\"></span>ards ar<span class=\"_ _6\"></span>e charged on a s<span class=\"_ _6\"></span>traigh<span class=\"_ _6\"></span>t-line basis to pro\ufb01t or loss (<span class=\"_ _6\"></span>with a corresponding increase in the shar<span class=\"_ _6\"></span>e-based payment r<span class=\"_ _6\"></span>eserve within equity) ov<span class=\"_ _6\"></span>er the ves<span class=\"_ _6\"></span>ting period in which the employees become unconditionally entitled to the awar<span class=\"_ _6\"></span>ds. The incr<span class=\"_ _6\"></span>ease within the share-based payment reserve is r<span class=\"_ _6\"></span>eclassi\ufb01ed to retained e<span class=\"_ _6\"></span>arnings upon exer<span class=\"_ _6\"></span>cise. The amount recognised as an e<span class=\"_ _6\"></span>xpense for non-mark<span class=\"_ _8\"></span>et conditions and related service c<span class=\"_ _1\"></span>onditions is adjusted each r<span class=\"_ _6\"></span>eporting period to re\ufb02ect the actual number of aw<span class=\"_ _6\"></span>ards e<span class=\"_ _6\"></span>xpected to be met. The amount r<span class=\"_ _6\"></span>ecognised as an expense for aw<span class=\"_ _6\"></span>ards subject t<span class=\"_ _6\"></span>o mark<span class=\"_ _6\"></span>et conditions is based on the proportion that is expected to meet the condition as assessed at the gr<span class=\"_ _6\"></span>ant date<span class=\"_ _6\"></span>. No adjustment is made t<span class=\"_ _6\"></span>o the fair value of each a<span class=\"_ _6\"></span>war<span class=\"_ _6\"></span>d calculated at gran<span class=\"_ _6\"></span>t date. Share-based payment<span class=\"_ _6\"></span>s that are not subject to further ves<span class=\"_ _6\"></span>ting conditions (i.e. the De<span class=\"_ _6\"></span>ferred Shar<span class=\"_ _6\"></span>e Bonus Plan (DSBP) for senior manager<span class=\"_ _6\"></span>s) are expensed in the year services are receive<span class=\"_ _6\"></span>d with a corresponding increase in equity. A<span class=\"_ _6\"></span>war<span class=\"_ _6\"></span>ds gran<span class=\"_ _6\"></span>ted to Executiv<span class=\"_ _6\"></span>e Director<span class=\"_ _6\"></span>s in March 202<span class=\"_ _6\"></span>0 are subject to service conditions through to vesting and ar<span class=\"_ _6\"></span>e expensed o<span class=\"_ _6\"></span>ver the v<span class=\"_ _6\"></span>esting period. A<span class=\"_ _6\"></span>war<span class=\"_ _6\"></span>ds gran<span class=\"_ _6\"></span>ted to Executiv<span class=\"_ _6\"></span>e Director<span class=\"_ _6\"></span>s from 2021 ar<span class=\"_ _6\"></span>e not subject to future service conditions and are expensed in the year wher<span class=\"_ _6\"></span>e the service is de<span class=\"_ _1\"></span>emed to have been pr<span class=\"_ _6\"></span>ovided.<span class=\"_ _383\"> </span>Where the allo<span class=\"_ _6\"></span>wable cost o<span class=\"_ _6\"></span>f share-based options or aw<span class=\"_ _6\"></span>ards f<span class=\"_ _6\"></span>or tax purposes is greater than the cos<span class=\"_ _6\"></span>t determined in accordance with IFRS 2, the <span class=\"_ _383\">tax effect o</span><span class=\"_ _6\"></span>f the excess is tak<span class=\"_ _8\"></span>en to the share-based payment r<span class=\"_ _6\"></span><span class=\"_ _383\">eserve within equity. The tax eff</span><span class=\"_ _6\"></span>ect is reclassi\ufb01ed to ret<span class=\"_ _6\"></span>ained earnings upon ves<span class=\"_ _6\"></span>ting. Employer\u2019<span class=\"_ _8\"></span>s national insurance is charged t<span class=\"_ _6\"></span>o pro\ufb01t or loss at the shar<span class=\"_ _6\"></span>e price at the reporting date on the same servic<span class=\"_ _1\"></span>e or vesting sche<span class=\"_ _6\"></span>dules as the underlying options and awar<span class=\"_ _8\"></span>ds. Own shares are r<span class=\"_ _6\"></span>ecorded at cost and deducte<span class=\"_ _6\"></span>d from equity and repr<span class=\"_ _6\"></span>esent shares o<span class=\"_ _6\"></span>f OSBG that are held by the Employee Bene\ufb01t T<span class=\"_ _1f6\"></span>rust. <span class=\"_ _383\">aa)\u2002Lease</span><span class=\"_ _1\"></span>s<span class=\"_ _383\"> </span>The Group<span class=\"_ _8\"></span>\u2019<span class=\"_ _6\"></span>s leases are pr<span class=\"_ _6\"></span>edominantly for o<span class=\"_ _6\"></span><span class=\"_ _383\">ffices and Ken</span><span class=\"_ _6\"></span>t Reliance branches<span class=\"_ _6\"></span>. The Group r<span class=\"_ _6\"></span>ecognises right-of-use assets and lease liabilities for leases ov<span class=\"_ _6\"></span>er 12 months long. Right-o<span class=\"_ _6\"></span>f-use assets and lease liabilities are initially r<span class=\"_ _6\"></span>ecognised at the net present v<span class=\"_ _6\"></span>alue of future lease paymen<span class=\"_ _6\"></span>ts, discounted at the r<span class=\"_ _6\"></span>ate implicit in the lease or<span class=\"_ _8\"></span>, where not available<span class=\"_ _6\"></span>, the Group<span class=\"_ _8\"></span>\u2019<span class=\"_ _8\"></span>s incremental borro<span class=\"_ _6\"></span>wing cost. Subsequent to initial r<span class=\"_ _6\"></span>ecognition, the right-of-use asset is depr<span class=\"_ _6\"></span>eciated on a str<span class=\"_ _6\"></span>aight-line basis o<span class=\"_ _6\"></span>ver the term of the le<span class=\"_ _6\"></span>ase. Future r<span class=\"_ _6\"></span>ental paymen<span class=\"_ _6\"></span>ts are deducte<span class=\"_ _6\"></span>d from the lease liability, with inter<span class=\"_ _6\"></span>est charge<span class=\"_ _6\"></span>d on the lease liability using the incremental borr<span class=\"_ _6\"></span>owing cos<span class=\"_ _6\"></span>t at the time of initial recognition. L<span class=\"_ _6\"></span>ease liability payments ar<span class=\"_ _6\"></span>e recognised within \ufb01nancing activities in the Consolidated Stat<span class=\"_ _6\"></span>ement of Cash Flo<span class=\"_ _6\"></span>ws<span class=\"_ _6\"></span>. The Group assesses the lik<span class=\"_ _8\"></span>ely impact of early terminations in recognising the right-o<span class=\"_ _6\"></span>f-use asset and lease liability where an option to t<span class=\"_ _6\"></span>erminate early exis<span class=\"_ _6\"></span>ts. For modi\ufb01cations that increase the length o<span class=\"_ _6\"></span>f a lease; the modi\ufb01ed lease term is determined and the lease liability r<span class=\"_ _6\"></span>emeasured by discounting the re<span class=\"_ _6\"></span>vised lease payments using a r<span class=\"_ _6\"></span>evised discount r<span class=\"_ _6\"></span>ate, at the e<span class=\"_ _6\"></span><span class=\"_ _383\">ffective dat</span><span class=\"_ _6\"></span>e of the lease modi\ufb01cation; a corresponding adjus<span class=\"_ _6\"></span>tment is made to the right-of-use asset. Wher<span class=\"_ _6\"></span>e modi\ufb01cations decrease the length of a le<span class=\"_ _6\"></span>ase, the lease liability and right-o<span class=\"_ _6\"></span>f-use asset are r<span class=\"_ _6\"></span>educed in proportion to the reduction in the lease term, with any gain or loss r<span class=\"_ _6\"></span>ecognised in the pro\ufb01t or loss<span class=\"_ _6\"></span>.<span class=\"_ _383\"> </span>Leases with lo<span class=\"_ _6\"></span>w future paymen<span class=\"_ _6\"></span>ts or terms less than 12 months ar<span class=\"_ _6\"></span>e recognised on an accruals basis directly in pro<span class=\"_ _6\"></span>\ufb01t or loss.<span class=\"_ _383\"> </span><span class=\"_ _383\">bb)\u2002Adoptio</span><span class=\"_ _1\"></span>n of new s<span class=\"_ _1\"></span>tand<span class=\"_ _1\"></span>ards<span class=\"_ _383\"> </span>Inte<span class=\"_ _1\"></span>rnati<span class=\"_ _1\"></span>ona<span class=\"_ _1\"></span>l \ufb01nan<span class=\"_ _1\"></span>cia<span class=\"_ _1\"></span>l rep<span class=\"_ _1\"></span>or<span class=\"_ _1\"></span>tin<span class=\"_ _1\"></span>g sta<span class=\"_ _1\"></span>nda<span class=\"_ _1\"></span>rds is<span class=\"_ _1\"></span>su<span class=\"_ _1\"></span>ed an<span class=\"_ _1\"></span>d ad<span class=\"_ _1\"></span>opte<span class=\"_ _1\"></span>d fo<span class=\"_ _1\"></span>r the \ufb01r<span class=\"_ _1\"></span>st ti<span class=\"_ _1\"></span>me in th<span class=\"_ _1\"></span>e ye<span class=\"_ _1\"></span>ar en<span class=\"_ _1\"></span>de<span class=\"_ _1\"></span>d 31 De<span class=\"_ _1\"></span>ce<span class=\"_ _1\"></span>mb<span class=\"_ _1\"></span>er 2022<span class=\"_ _383\"> </span>There w<span class=\"_ _6\"></span>ere a number of minor amendmen<span class=\"_ _6\"></span>ts to \ufb01nancial reporting standar<span class=\"_ _6\"></span><span class=\"_ _383\">ds that are eff</span><span class=\"_ _6\"></span>ective for the curr<span class=\"_ _6\"></span>ent year<span class=\"_ _1f6\"></span>. There has been no material impact on the \ufb01nancial stat<span class=\"_ _6\"></span>ements of the Gr<span class=\"_ _6\"></span>oup from the adoption of these \ufb01nancial r<span class=\"_ _6\"></span>eporting standard amendmen<span class=\"_ _6\"></span>ts and interpr<span class=\"_ _6\"></span>etations.<span class=\"_ _383\"> </span>Inte<span class=\"_ _1\"></span>rnati<span class=\"_ _1\"></span>ona<span class=\"_ _1\"></span>l \ufb01nan<span class=\"_ _1\"></span>cia<span class=\"_ _1\"></span>l rep<span class=\"_ _1\"></span>or<span class=\"_ _1\"></span>tin<span class=\"_ _1\"></span>g sta<span class=\"_ _1\"></span>nda<span class=\"_ _1\"></span>rds is<span class=\"_ _1\"></span>su<span class=\"_ _1\"></span>ed b<span class=\"_ _1\"></span>ut not y<span class=\"_ _1\"></span><span class=\"_ _383\">et eff</span><span class=\"_ _1\"></span>e<span class=\"_ _1\"></span>cti<span class=\"_ _1\"></span>ve whi<span class=\"_ _1\"></span>ch are a<span class=\"_ _1\"></span>ppl<span class=\"_ _1\"></span>ica<span class=\"_ _1\"></span>ble to t<span class=\"_ _1\"></span>he Gr<span class=\"_ _1\"></span>oup Certain amendments to accounting standar<span class=\"_ _8\"></span>ds and interpretations that w<span class=\"_ _6\"></span><span class=\"_ _383\">ere not eff</span><span class=\"_ _6\"></span>ective on 31 December 2022 hav<span class=\"_ _6\"></span>e not been early adopted <span class=\"ls2\"> </span>by the Group. The adop<span class=\"_ _6\"></span>tion of these amendments ar<span class=\"_ _6\"></span>e not expected to hav<span class=\"_ _8\"></span>e a material impact on the \ufb01nancial statements o<span class=\"_ _6\"></span>f the Group in <span class=\"ls2\"> </span>future periods<span class=\"_ _6\"></span>.<span class=\"_ _383\"> </span>",
   "dimensions": {
    "concept": "ifrs-full:DisclosureOfSummaryOfSignificantAccountingPoliciesExplanatory",
    "language": "en",
    "entity": "scheme:213800ZBKL9BHSL2K459",
    "period": "2022-01-01T00:00:00/2023-01-01T00:00:00"
   }
  },
  "fact-481": {
   "value": "<span class=\"_ _383\">a)\u2002Basis of p</span><span class=\"_ _1\"></span>rep<span class=\"_ _1\"></span>arat<span class=\"_ _1\"></span>ion<span class=\"_ _383\"> </span>The \ufb01nancial statemen<span class=\"_ _6\"></span>ts have been pr<span class=\"_ _6\"></span>epared in accordance with Int<span class=\"_ _6\"></span>ernational Financial Reporting Standards (IFR<span class=\"_ _6\"></span>Ss) as adopted by the United Kingdom (UK<span class=\"_ _1\"></span>) and interpre<span class=\"_ _6\"></span>tations issued by the IFRS Int<span class=\"_ _6\"></span>erpretations Committee (IFRS IC<span class=\"_ _6\"></span>).<span class=\"_ _383\"> </span>The \ufb01nancial statemen<span class=\"_ _6\"></span>ts have been pr<span class=\"_ _6\"></span>epared on a hist<span class=\"_ _6\"></span>orical cost basis<span class=\"_ _6\"></span>, as modi\ufb01ed by the re<span class=\"_ _6\"></span>valuation of inv<span class=\"_ _8\"></span>estment securities held at FVOCI and derivative con<span class=\"_ _6\"></span>tracts and other \ufb01nancial asse<span class=\"_ _6\"></span>ts held at fair value thr<span class=\"_ _6\"></span>ough pro\ufb01t or loss (FVTPL) (see note 1 p) vi.<span class=\"_ _1f6\"></span>).<span class=\"_ _383\"> </span>The \ufb01nancial statemen<span class=\"_ _6\"></span>ts are pr<span class=\"_ _6\"></span>esented in Pounds St<span class=\"_ _6\"></span>erling. All amounts in the \ufb01nancial st<span class=\"_ _6\"></span>atements hav<span class=\"_ _6\"></span>e been rounded to the near<span class=\"_ _6\"></span>est \u00a30<span class=\"_ _8\"></span>.1m (\u00a3m). Foreign oper<span class=\"_ _6\"></span>ations are included in accordance with the policies set out in this note<span class=\"_ _8\"></span>.<span class=\"_ _383\"> </span>",
   "dimensions": {
    "concept": "ifrs-full:DisclosureOfBasisOfPreparationOfFinancialStatementsExplanatory",
    "language": "en",
    "entity": "scheme:213800ZBKL9BHSL2K459",
    "period": "2022-01-01T00:00:00/2023-01-01T00:00:00"
   }
  },
  "fact-545": {
   "value": "The \ufb01nancial statemen<span class=\"_ _6\"></span>ts have been pr<span class=\"_ _6\"></span>epared in accordance with Int<span class=\"_ _6\"></span>ernational Financial Reporting Standards (IFR<span class=\"_ _6\"></span>Ss) as adopted by the United Kingdom (UK<span class=\"_ _1\"></span>) and interpre<span class=\"_ _6\"></span>tations issued by the IFRS Int<span class=\"_ _6\"></span>erpretations Committee (IFRS IC<span class=\"_ _6\"></span>).<span class=\"_ _383\"> </span>",
   "dimensions": {
    "concept": "ifrs-full:StatementOfIFRSCompliance",
    "language": "en",
    "entity": "scheme:213800ZBKL9BHSL2K459",
    "period": "2022-01-01T00:00:00/2023-01-01T00:00:00"
   }
  },
  "fact-11": {
   "value": "United Kingdom",
   "dimensions": {
    "concept": "ifrs-full:CountryOfIncorporation",
    "language": "en",
    "entity": "scheme:213800ZBKL9BHSL2K459",
    "period": "2022-01-01T00:00:00/2023-01-01T00:00:00"
   }
  },
  "fact-587": {
   "value": "The \ufb01nancial statemen<span class=\"_ _6\"></span>ts are pr<span class=\"_ _6\"></span>esented in Pounds St<span class=\"_ _6\"></span>erling. All amounts in the \ufb01nancial st<span class=\"_ _6\"></span>atements hav<span class=\"_ _6\"></span>e been rounded to the near<span class=\"_ _6\"></span>est \u00a30<span class=\"_ _8\"></span>.1m (\u00a3m). Foreign oper<span class=\"_ _6\"></span>ations are included in accordance with the policies set out in this note<span class=\"_ _8\"></span>.<span class=\"_ _383\"> </span>",
   "dimensions": {
    "concept": "ifrs-full:DisclosureOfGeneralInformationAboutFinancialStatementsExplanatory",
    "language": "en",
    "entity": "scheme:213800ZBKL9BHSL2K459",
    "period": "2022-01-01T00:00:00/2023-01-01T00:00:00"
   }
  },
  "fact-546": {
   "value": "The \ufb01nancial statemen<span class=\"_ _6\"></span>ts are pr<span class=\"_ _6\"></span>esented in Pounds St<span class=\"_ _6\"></span>erling. All amounts in the \ufb01nancial st<span class=\"_ _6\"></span>atements hav<span class=\"_ _6\"></span>e been rounded to the near<span class=\"_ _6\"></span>est \u00a30<span class=\"_ _8\"></span>.1m (\u00a3m). Foreign oper<span class=\"_ _6\"></span>ations are included in accordance with the policies set out in this note<span class=\"_ _8\"></span>.<span class=\"_ _383\"> </span>",
   "dimensions": {
    "concept": "ifrs-full:DescriptionOfAccountingPolicyForFunctionalCurrencyExplanatory",
    "language": "en",
    "entity": "scheme:213800ZBKL9BHSL2K459",
    "period": "2022-01-01T00:00:00/2023-01-01T00:00:00"
   }
  },
  "fact-484": {
   "value": "b)\u2002Restatement In the prior year, cash collateral and margin received on interest rate swaps of \u00a3115.4m was included in \ufb01nancing cash \ufb02ows in the Consolidated Statement of Cash Flows. As the cash \ufb02ows arise on hedging activities related to items classi\ufb01ed as operating assets and liabilities within the Consolidated Statement of Cash Flows, the cash \ufb02ows should be included within operating cash \ufb02ows. In the current year, cash collateral and margin received on interest rate swaps has been classi\ufb01ed as an operating cash \ufb02ow in 2022 and the 2021 Consolidated Statement of Cash Flows restated to reclassify a cash in\ufb02ow of \u00a3115.4m from \ufb01nancing activities to operating activities. ",
   "dimensions": {
    "concept": "ifrs-full:DisclosureOfChangesInAccountingPoliciesAccountingEstimatesAndErrorsExplanatory",
    "language": "en",
    "entity": "scheme:213800ZBKL9BHSL2K459",
    "period": "2022-01-01T00:00:00/2023-01-01T00:00:00"
   }
  },
  "fact-483": {
   "value": "c)  Going concern The Board undertakes regular rigorous assessments of whether the Group is a going concern in light of current economic conditions and all available information about future risks and uncertainties. In assessing whether the going concern basis is appropriate, projections for the Group have been prepared, covering its future performance, capital and liquidity for a period in excess of 12 months from the date of approval of these \ufb01nancial statements. These forecasts have been subject to sensitivity tests, including stress scenarios, which have been compared to the latest economic scenarios provided by the Group\u2019s external economic advisors, as well as reverse stress tests. The assessments include the following: \u2022  Financial and capital forecasts were prepared under stress scenarios which were assessed against the latest economic forecasts provided by the Group\u2019s external economic advisors. Reverse stress tests were also run, to assess what combinations of House Price Index (HPI) and unemployment variables would result in the Group utilising its regulatory capital buffers in full and breaching the Group\u2019s minimum prudential requirements along with analysis and insight from the Group\u2019s Internal Capital Adequacy Assessment Process (ICAAP). The Directors assessed the likelihood of those reverse stress scenarios occurring within the next 12 months and concluded that the likelihood is remote. \u2022  The latest liquidity and contingent liquidity positions and forecasts were assessed against the Internal Liquidity Adequacy Assessment Process (ILAAP) stress scenarios. \u2022  The Group continues to assess the resilience of its business operating model and supporting infrastructure in the context of the emerging economic, business and regulatory environment. The key areas of focus continues to be on the provision of the Group\u2019s Important Business Services, minimising the impact of any service disruptions on the Group\u2019s customers or the wider \ufb01nancial services industry. The Group\u2019s response to the COVID-19 pandemic demonstrated the inherent resilience of its critical processes and infrastructure and its agility in responding to changing operational demands. The Group recognises the need to continually invest in the resilience of its services, with speci\ufb01c focus in 2023 on ensuring that the third parties on which it depends have the appropriate levels of resilience and in further automating those processes that are sensitive to increases in volume. The Group\u2019s \ufb01nancial projections demonstrate that the Group has sufficient capital and liquidity to continue to meet its regulatory capital requirements as set out by the Prudential Regulation Authority (PRA). The Board has therefore concluded that the Group has sufficient resources to continue in operational existence for a period in excess of 12 months and as a result, it is appropriate to prepare these \ufb01nancial statements on a going concern basis. ",
   "dimensions": {
    "concept": "ifrs-full:DisclosureOfGoingConcernExplanatory",
    "language": "en",
    "entity": "scheme:213800ZBKL9BHSL2K459",
    "period": "2022-01-01T00:00:00/2023-01-01T00:00:00"
   }
  },
  "fact-482": {
   "value": "<span class=\"_ _383\">d)\u2002B</span><span class=\"_ _1\"></span>asis of c<span class=\"_ _1\"></span>on<span class=\"_ _1\"></span>soli<span class=\"_ _1\"></span>datio<span class=\"_ _1\"></span>n<span class=\"_ _383\"> </span>The Group accounts include the r<span class=\"_ _6\"></span>esults of the Company and its subsidiary undertakings. Subsidiaries ar<span class=\"_ _6\"></span>e fully consolidated from the date on which control is tr<span class=\"_ _6\"></span>ansferre<span class=\"_ _6\"></span>d to the Group and are deconsolidated fr<span class=\"_ _6\"></span>om the date that control ceases<span class=\"_ _6\"></span>. Upon consolidation, inter<span class=\"_ _6\"></span>company transactions<span class=\"_ _6\"></span>, balances and unrealised gains on tr<span class=\"_ _6\"></span>ansactions are eliminated. Unr<span class=\"_ _6\"></span>ealised losses are also eliminate<span class=\"_ _6\"></span>d unless the transaction pr<span class=\"_ _6\"></span>ovides evidence of impairmen<span class=\"_ _6\"></span>t of the asset trans<span class=\"_ _6\"></span>ferred. Accounting policies o<span class=\"_ _6\"></span>f subsidiaries have been changed where necessary to ensur<span class=\"_ _6\"></span>e consistency, so far as is possible, with the policies adop<span class=\"_ _6\"></span>ted by the Group<span class=\"_ _6\"></span>. Subsidiaries are those entities<span class=\"_ _8\"></span>, including structured entities<span class=\"_ _6\"></span>, ov<span class=\"_ _6\"></span>er which the Group has contr<span class=\"_ _6\"></span>ol. The Group contr<span class=\"_ _6\"></span>ols an entity when it is exposed, or has rights<span class=\"_ _6\"></span>, to variable r<span class=\"_ _6\"></span>eturns from its in<span class=\"_ _6\"></span>volv<span class=\"_ _6\"></span><span class=\"_ _383\">ement with the entity and has the ability to aff</span><span class=\"_ _6\"></span>ect those returns through it<span class=\"_ _6\"></span>s pow<span class=\"_ _6\"></span>er ov<span class=\"_ _6\"></span>er the inv<span class=\"_ _6\"></span>estee. The Group has po<span class=\"_ _6\"></span>wer o<span class=\"_ _6\"></span>ver an entity when it has e<span class=\"_ _6\"></span>xisting righ<span class=\"_ _6\"></span>ts that give it the curr<span class=\"_ _6\"></span>ent ability to direct the activities that mos<span class=\"_ _6\"></span><span class=\"_ _383\">t signi\ufb01cantly aff</span><span class=\"_ _6\"></span>ect the entity<span class=\"_ _6\"></span>\u2019<span class=\"_ _8\"></span>s returns. Po<span class=\"_ _6\"></span>wer may be det<span class=\"_ _6\"></span>ermined on the basis of vo<span class=\"_ _6\"></span>ting rights or<span class=\"_ _1f6\"></span>, in the case of structured en<span class=\"_ _6\"></span>tities, other contr<span class=\"_ _6\"></span>actual arr<span class=\"_ _6\"></span>angements<span class=\"_ _6\"></span>.<span class=\"_ _383\"> </span>Where the Group does not r<span class=\"_ _6\"></span>etain a direct o<span class=\"_ _6\"></span>wnership in<span class=\"_ _6\"></span>terest in a securitisation en<span class=\"_ _6\"></span>tity, but the Directors hav<span class=\"_ _8\"></span>e determined that the Group controls those entities<span class=\"_ _6\"></span>, they are treat<span class=\"_ _6\"></span>ed as subsidiaries and are consolidated. Contr<span class=\"_ _6\"></span>ol is determined to exis<span class=\"_ _6\"></span>t if the Group has the po<span class=\"_ _6\"></span>wer to dir<span class=\"_ _6\"></span>ect the activities of each entity (f<span class=\"_ _6\"></span>or example<span class=\"_ _8\"></span>, managing the per<span class=\"_ _1\"></span>formance of the underlying mortgage assets and raising debt on those mortgage assets which is used to fund the Group<span class=\"_ _6\"></span>) and, in addition to this<span class=\"_ _6\"></span>, control is e<span class=\"_ _6\"></span>xposed to a variable return (f<span class=\"_ _6\"></span>or example<span class=\"_ _8\"></span>, retaining the residual risk on the mortgage assets). Securitisation structures that do not meet these criteria ar<span class=\"_ _6\"></span>e not treat<span class=\"_ _6\"></span>ed as subsidiaries and are ex<span class=\"_ _6\"></span>cluded from the consolidated accounts. The Company applies the net appr<span class=\"_ _6\"></span>oach in accounting for securitisation structur<span class=\"_ _6\"></span>es where it r<span class=\"_ _6\"></span>etains an inter<span class=\"_ _6\"></span>est in the securitisation, netting the loan notes held agains<span class=\"_ _6\"></span>t the deemed loan balance.<span class=\"_ _383\"> </span><span class=\"_ _383\">d)\u2002B</span><span class=\"_ _1\"></span>asis of c<span class=\"_ _1\"></span>on<span class=\"_ _1\"></span>soli<span class=\"_ _1\"></span>datio<span class=\"_ _1\"></span>n<span class=\"ff5 lsd4 ws46\"> continue<span class=\"_ _1\"></span>d<span class=\"_ _383\"> </span></span>The Group<span class=\"_ _8\"></span>\u2019<span class=\"_ _6\"></span>s Employee Bene\ufb01t T<span class=\"_ _8\"></span>rust (EBT) is controlled and recognised by the Company using the look<span class=\"_ _6\"></span>-through appro<span class=\"_ _6\"></span>ach, i.e<span class=\"_ _6\"></span>. as if the EBT is<span class=\"_ _383\"> </span> included within the accounts of the Company.<span class=\"_ _383\"> </span> The Group is not deemed to contr<span class=\"_ _6\"></span>ol an entity when it ex<span class=\"_ _6\"></span>ercises po<span class=\"_ _6\"></span>wer o<span class=\"_ _6\"></span>ver an en<span class=\"_ _6\"></span>tity in an agency capacity. In determining whether the Group<span class=\"_ _383\"> </span> is acting as an agent, the Direct<span class=\"_ _6\"></span>ors consider the ov<span class=\"_ _6\"></span>erall r<span class=\"_ _6\"></span>elationship between the Group<span class=\"_ _6\"></span>, the inv<span class=\"_ _6\"></span>estee and other parties to the arrangemen<span class=\"_ _6\"></span>t with<span class=\"_ _383\"> </span> respect to the follo<span class=\"_ _8\"></span>wing factors: (i) the scope of the Group<span class=\"_ _8\"></span>\u2019<span class=\"_ _8\"></span>s de<span class=\"_ _1\"></span>cision-making pow<span class=\"_ _6\"></span>er; (ii) the rights held by other parties; (iii) the remuner<span class=\"_ _6\"></span>ation to<span class=\"_ _383\"> </span> which the Group is entitled; and (iv<span class=\"_ _6\"></span>) the Group<span class=\"_ _8\"></span>\u2019<span class=\"_ _8\"></span>s exposure to variability of r<span class=\"_ _6\"></span>eturns. The de<span class=\"_ _6\"></span>termination of control is base<span class=\"_ _6\"></span>d on the current fac<span class=\"_ _6\"></span>ts and<span class=\"_ _383\"> </span> circumst<span class=\"_ _6\"></span>ances and is continuously assessed.<span class=\"_ _383\"> </span> In some circumst<span class=\"_ _6\"></span><span class=\"_ _383\">ances, differ</span><span class=\"_ _6\"></span>ent fact<span class=\"_ _6\"></span><span class=\"_ _383\">ors and conditions may indicate that differ</span><span class=\"_ _6\"></span>ent parties control an entity depending on whether those f<span class=\"_ _6\"></span>actors<span class=\"_ _383\"> </span> and conditions are assessed in isolation or in totality. Judgemen<span class=\"_ _6\"></span>t is applied in assessing the rele<span class=\"_ _6\"></span>vant fac<span class=\"_ _6\"></span>tors and conditions in totality when<span class=\"_ _383\"> </span> determining whether the Group con<span class=\"_ _6\"></span>trols an entity. Speci\ufb01cally, judgemen<span class=\"_ _6\"></span>t is applied in assessing whether the Group has subst<span class=\"_ _6\"></span>antive decision-<span class=\"_ _383\"> </span>making rights o<span class=\"_ _6\"></span>ver the r<span class=\"_ _6\"></span>elevan<span class=\"_ _6\"></span>t activities and whether it is ex<span class=\"_ _6\"></span>ercising pow<span class=\"_ _8\"></span>er as a principal or an agent.<span class=\"_ _383\"> </span>",
   "dimensions": {
    "concept": "ifrs-full:DisclosureOfBasisOfConsolidationExplanatory",
    "language": "en",
    "entity": "scheme:213800ZBKL9BHSL2K459",
    "period": "2022-01-01T00:00:00/2023-01-01T00:00:00"
   }
  },
  "fact-485": {
   "value": "e<span class=\"_ _6\"></span><span class=\"_ _383\">)\u2002Foreig</span><span class=\"_ _6\"></span>n currency tra<span class=\"_ _6\"></span>nslation<span class=\"_ _383\"> </span>The consolidated \ufb01nancial statemen<span class=\"_ _6\"></span>ts are pr<span class=\"_ _6\"></span>esented in Pounds S<span class=\"_ _6\"></span>terling which is the present<span class=\"_ _6\"></span>ation currency of the Group<span class=\"_ _6\"></span>. The \ufb01nancial stat<span class=\"_ _6\"></span>ements<span class=\"_ _383\"> </span> of each of the Company<span class=\"_ _6\"></span>\u2019<span class=\"_ _8\"></span>s subsidiaries are measured using the curr<span class=\"_ _6\"></span>ency of the primary economic environmen<span class=\"_ _6\"></span>t in which the subsidiary operates<span class=\"_ _383\"> </span> (the functional currency). For<span class=\"_ _6\"></span>eign currency transactions ar<span class=\"_ _6\"></span>e translat<span class=\"_ _6\"></span>ed into the functional curr<span class=\"_ _6\"></span>encies using the exchange r<span class=\"_ _6\"></span>ates pre<span class=\"_ _6\"></span>vailing at the<span class=\"_ _383\"> </span> date of the tr<span class=\"_ _6\"></span>ansactions. Monet<span class=\"_ _6\"></span>ary items denominated in for<span class=\"_ _6\"></span>eign currencies are r<span class=\"_ _6\"></span>etranslated at the r<span class=\"_ _8\"></span>ate prevailing at the period end.<span class=\"_ _383\"> </span>Foreign ex<span class=\"_ _6\"></span>change (FX) gains and losses resulting from the retr<span class=\"_ _8\"></span>anslation and settlement of these items are r<span class=\"_ _6\"></span>ecognised in pro\ufb01t or loss<span class=\"_ _6\"></span>. Non-<span class=\"_ _383\"> </span>monetary items measur<span class=\"_ _6\"></span>ed at cost in the foreign curr<span class=\"_ _6\"></span>ency are tr<span class=\"_ _6\"></span>anslated using the spot FX r<span class=\"_ _6\"></span>ate at the date of the tr<span class=\"_ _6\"></span>ansaction.<span class=\"_ _383\"> </span> The assets and liabilities of for<span class=\"_ _6\"></span>eign operations with functional curr<span class=\"_ _6\"></span>encies other than Pounds Sterling ar<span class=\"_ _6\"></span>e translated in<span class=\"_ _6\"></span>to the presen<span class=\"_ _6\"></span>tation<span class=\"_ _383\"> </span> currency at the ex<span class=\"_ _6\"></span>change rate on the r<span class=\"_ _6\"></span>eporting date. The income and expenses o<span class=\"_ _6\"></span>f foreign oper<span class=\"_ _6\"></span>ations are tr<span class=\"_ _6\"></span>anslated at the rates on the dat<span class=\"_ _6\"></span>es of<span class=\"_ _383\"> </span> transactions<span class=\"_ _6\"></span><span class=\"_ _383\">. Exchange diff</span><span class=\"_ _6\"></span>erences on foreign oper<span class=\"_ _8\"></span>ations are recognised in other comprehensive income (<span class=\"_ _6\"></span>OCI) and accumulated in the foreign<span class=\"_ _383\"> </span> exchange r<span class=\"_ _6\"></span>eserve within equity.<span class=\"_ _383\"> </span> ",
   "dimensions": {
    "concept": "ifrs-full:DescriptionOfAccountingPolicyForForeignCurrencyTranslationExplanatory",
    "language": "en",
    "entity": "scheme:213800ZBKL9BHSL2K459",
    "period": "2022-01-01T00:00:00/2023-01-01T00:00:00"
   }
  },
  "fact-486": {
   "value": "f<span class=\"_ _1\"></span><span class=\"_ _383\">)\u2002Se</span><span class=\"_ _1\"></span>gme<span class=\"_ _1\"></span>ntal r<span class=\"_ _1\"></span>epo<span class=\"_ _1\"></span>rt<span class=\"_ _1\"></span>ing<span class=\"_ _383\"> </span>IFRS 8 requir<span class=\"_ _6\"></span>es operating segmen<span class=\"_ _6\"></span>ts to be identi\ufb01ed on the basis o<span class=\"_ _6\"></span>f internal reports and component<span class=\"_ _6\"></span>s of the Group which are r<span class=\"_ _6\"></span>egularly re<span class=\"_ _6\"></span>view<span class=\"_ _6\"></span>ed<span class=\"_ _383\"> </span> by the chief operating decision mak<span class=\"_ _8\"></span>er to allocate resources to se<span class=\"_ _6\"></span>gments and to assess their performance<span class=\"_ _6\"></span>. For this purpose, the chief oper<span class=\"_ _6\"></span>ating<span class=\"_ _383\"> </span> decision mak<span class=\"_ _6\"></span>er of the Group is the Boar<span class=\"_ _6\"></span>d of Director<span class=\"_ _6\"></span>s.<span class=\"_ _383\"> </span>The Group pro<span class=\"_ _6\"></span>vides loans and asset \ufb01nance within the UK and the Channel Islands only.<span class=\"_ _383\"> </span>The Group segment<span class=\"_ _6\"></span>s its lending business and operates under tw<span class=\"_ _8\"></span>o segments:<span class=\"_ _383\"> </span> \u2022 <span class=\"_ _124\"> </span><span class=\"ws2\">OneSavings Bank (OSB)<span class=\"_ _383\"> </span></span>\u2022 <span class=\"_ _124\"> </span><span class=\"ws2\">Char<span class=\"_ _1\"></span>ter Cour<span class=\"_ _1\"></span>t Financial Services (CCFS)<span class=\"_ _383\"> </span></span>The Group has disclosed rele<span class=\"_ _8\"></span>vant risk management tables in note 45 at a sub-segmen<span class=\"_ _6\"></span>t lev<span class=\"_ _6\"></span>el to pro<span class=\"_ _6\"></span>vide detailed analysis of the Gr<span class=\"_ _6\"></span>oup<span class=\"_ _6\"></span>\u2019<span class=\"_ _8\"></span>s core<span class=\"_ _383\"> </span> lending business.<span class=\"_ _383\"> </span>",
   "dimensions": {
    "concept": "ifrs-full:DescriptionOfAccountingPolicyForSegmentReportingExplanatory",
    "language": "en",
    "entity": "scheme:213800ZBKL9BHSL2K459",
    "period": "2022-01-01T00:00:00/2023-01-01T00:00:00"
   }
  },
  "fact-602": {
   "value": "<span class=\"_ _383\">g)\u2002Inter</span><span class=\"_ _1\"></span>es<span class=\"_ _1\"></span>t inco<span class=\"_ _1\"></span>me an<span class=\"_ _1\"></span>d expen<span class=\"_ _1\"></span>se<span class=\"_ _383\"> </span>Inter<span class=\"_ _6\"></span>est income and inter<span class=\"_ _6\"></span>est expense f<span class=\"_ _6\"></span>or all inter<span class=\"_ _6\"></span>est-bearing \ufb01nancial instrumen<span class=\"_ _6\"></span>ts measured at amortised cost and FV<span class=\"_ _8\"></span>OCI are recognised in pro\ufb01t<span class=\"_ _383\"> </span> <span class=\"_ _383\">or loss using the effectiv</span><span class=\"_ _6\"></span>e interes<span class=\"_ _6\"></span>t rat<span class=\"_ _6\"></span>e (EIR) method. The EIR is the rate which discoun<span class=\"_ _6\"></span>ts the expected futur<span class=\"_ _6\"></span>e cash \ufb02ows<span class=\"_ _8\"></span>, over the expect<span class=\"_ _6\"></span>ed life of<span class=\"_ _383\"> </span> the \ufb01nancial instrument, t<span class=\"_ _6\"></span>o the net carrying value of the \ufb01nancial asset or liability.<span class=\"_ _383\"> </span> Inter<span class=\"_ _6\"></span>est income on \ufb01nancial assets categorised as s<span class=\"_ _6\"></span>tage 1 or 2 are r<span class=\"_ _6\"></span>ecognised on a gross basis<span class=\"_ _6\"></span>, with interes<span class=\"_ _6\"></span>t income on stage 3 assets r<span class=\"_ _6\"></span>ecognised<span class=\"_ _383\"> </span> net of expect<span class=\"_ _6\"></span>ed credit losses (ECL). For pur<span class=\"_ _6\"></span>chased or credit-impair<span class=\"_ _6\"></span>ed assets (see note 1 o<span class=\"_ _6\"></span>) vii.<span class=\"_ _1f6\"></span>), interest income is calculated by applying the cr<span class=\"_ _6\"></span>edit-<span class=\"_ _383\"> </span>adjusted EIR to the amortised cost o<span class=\"_ _6\"></span>f the asset. The calculation of int<span class=\"_ _6\"></span>erest income does not re<span class=\"_ _8\"></span>vert to a gross basis even if the cr<span class=\"_ _6\"></span>edit risk of the<span class=\"_ _383\"> </span> asset impro<span class=\"_ _6\"></span>ves<span class=\"_ _6\"></span>. See note 1 p) ii. f<span class=\"_ _6\"></span>or further information on IFRS 9 stage classi\ufb01cations<span class=\"_ _8\"></span>.<span class=\"_ _383\"> </span>When calculating the EIR, the Gr<span class=\"_ _6\"></span>oup estimates cash \ufb02o<span class=\"_ _6\"></span>ws considering all contrac<span class=\"_ _6\"></span>tual terms of the instrumen<span class=\"_ _6\"></span>t and behavioural aspects (f<span class=\"_ _6\"></span>or<span class=\"_ _383\"> </span> example<span class=\"_ _8\"></span>, prepayment options) but not considering future cre<span class=\"_ _6\"></span>dit losses. The calculation of the EIR includes tr<span class=\"_ _8\"></span>ansaction c<span class=\"_ _1\"></span>osts and f<span class=\"_ _6\"></span>ees paid or<span class=\"_ _383\"> </span> received that ar<span class=\"_ _6\"></span>e an integr<span class=\"_ _6\"></span>al part of the interes<span class=\"_ _6\"></span>t rate<span class=\"_ _8\"></span>, together with the discounts or premiums arising on the acquisition of loan portfolios<span class=\"_ _6\"></span>.<span class=\"_ _383\"> </span> T<span class=\"_ _8\"></span>ransaction costs include incr<span class=\"_ _6\"></span>emental cos<span class=\"_ _6\"></span>ts that are directly attribut<span class=\"_ _6\"></span>able to the acquisition or issue of a \ufb01nancial instrumen<span class=\"_ _6\"></span>t.<span class=\"_ _383\"> </span>The Group monitor<span class=\"_ _6\"></span>s the actual cash \ufb02ows f<span class=\"_ _6\"></span>or each book and resets cash \ufb02o<span class=\"_ _6\"></span>ws on a monthly basis<span class=\"_ _8\"></span>, disc<span class=\"_ _1\"></span>ounted at the EIR to deriv<span class=\"_ _6\"></span>e a new c<span class=\"_ _6\"></span>arrying<span class=\"_ _383\"> </span> value, with changes t<span class=\"_ _6\"></span>ak<span class=\"_ _6\"></span>en to pro<span class=\"_ _6\"></span>\ufb01t or loss as interes<span class=\"_ _6\"></span>t income.<span class=\"_ _383\"> </span>The EIR is adjusted wher<span class=\"_ _6\"></span>e there is a mo<span class=\"_ _6\"></span>vement in the r<span class=\"_ _6\"></span>efer<span class=\"_ _6\"></span>ence interes<span class=\"_ _6\"></span>t rate (SONIA, syn<span class=\"_ _6\"></span>thetic LIBOR or base rat<span class=\"_ _6\"></span><span class=\"_ _383\">e) affecting portfolios with a<span class=\"_ _383\"> </span></span> variable inter<span class=\"_ _6\"></span>est r<span class=\"_ _6\"></span>ate which will impact future cash \ufb02o<span class=\"_ _8\"></span>ws. The re<span class=\"_ _6\"></span>vised EIR is the rate which e<span class=\"_ _6\"></span>xactly discount<span class=\"_ _6\"></span>s the revised c<span class=\"_ _6\"></span>ash \ufb02ows to the net<span class=\"_ _383\"> </span> carrying value of the loan portfolio<span class=\"_ _6\"></span>.<span class=\"_ _383\"> </span>When the contractual t<span class=\"_ _6\"></span>erms of non-derivativ<span class=\"_ _6\"></span>e \ufb01nancial instrument<span class=\"_ _6\"></span>s have been amended as a direct consequence of IBOR r<span class=\"_ _6\"></span>eform during 2<span class=\"_ _6\"></span>021 and the new basis for de<span class=\"_ _6\"></span>termining the contrac<span class=\"_ _6\"></span>tual cash \ufb02ows is economically equivalen<span class=\"_ _6\"></span>t to the pre<span class=\"_ _6\"></span>vious basis, the Gr<span class=\"_ _6\"></span>oup changes the basis for determining the contr<span class=\"_ _6\"></span>actual cash \ufb02ow<span class=\"_ _6\"></span>s prospectively by r<span class=\"_ _6\"></span>evising the EIR<span class=\"_ _6\"></span>.<span class=\"_ _383\"> </span>Inter<span class=\"_ _6\"></span>est income on inv<span class=\"_ _6\"></span>estment securities is included in in<span class=\"_ _6\"></span>teres<span class=\"_ _6\"></span>t receivable and similar income. In<span class=\"_ _6\"></span>teres<span class=\"_ _6\"></span>t on derivatives is included in in<span class=\"_ _6\"></span>teres<span class=\"_ _6\"></span>t receivable and similar income or inter<span class=\"_ _6\"></span>est expense and similar char<span class=\"_ _8\"></span>ges following the underlying instrumen<span class=\"_ _6\"></span>t it is hedging.<span class=\"_ _383\"> </span>Coupons paid on non-controlling int<span class=\"_ _6\"></span>erest securities and A<span class=\"_ _1f6\"></span>T1 securities are recognised directly in equity in the period in which they are paid.<span class=\"_ _383\"> </span>",
   "dimensions": {
    "concept": "ifrs-full:DescriptionOfAccountingPolicyForRecognitionOfRevenue",
    "language": "en",
    "entity": "scheme:213800ZBKL9BHSL2K459",
    "period": "2022-01-01T00:00:00/2023-01-01T00:00:00"
   }
  },
  "fact-588": {
   "value": "<span class=\"_ _383\">g)\u2002Inter</span><span class=\"_ _1\"></span>es<span class=\"_ _1\"></span>t inco<span class=\"_ _1\"></span>me an<span class=\"_ _1\"></span>d expen<span class=\"_ _1\"></span>se<span class=\"_ _383\"> </span>Inter<span class=\"_ _6\"></span>est income and inter<span class=\"_ _6\"></span>est expense f<span class=\"_ _6\"></span>or all inter<span class=\"_ _6\"></span>est-bearing \ufb01nancial instrumen<span class=\"_ _6\"></span>ts measured at amortised cost and FV<span class=\"_ _8\"></span>OCI are recognised in pro\ufb01t<span class=\"_ _383\"> </span> <span class=\"_ _383\">or loss using the effectiv</span><span class=\"_ _6\"></span>e interes<span class=\"_ _6\"></span>t rat<span class=\"_ _6\"></span>e (EIR) method. The EIR is the rate which discoun<span class=\"_ _6\"></span>ts the expected futur<span class=\"_ _6\"></span>e cash \ufb02ows<span class=\"_ _8\"></span>, over the expect<span class=\"_ _6\"></span>ed life of<span class=\"_ _383\"> </span> the \ufb01nancial instrument, t<span class=\"_ _6\"></span>o the net carrying value of the \ufb01nancial asset or liability.<span class=\"_ _383\"> </span> Inter<span class=\"_ _6\"></span>est income on \ufb01nancial assets categorised as s<span class=\"_ _6\"></span>tage 1 or 2 are r<span class=\"_ _6\"></span>ecognised on a gross basis<span class=\"_ _6\"></span>, with interes<span class=\"_ _6\"></span>t income on stage 3 assets r<span class=\"_ _6\"></span>ecognised<span class=\"_ _383\"> </span> net of expect<span class=\"_ _6\"></span>ed credit losses (ECL). For pur<span class=\"_ _6\"></span>chased or credit-impair<span class=\"_ _6\"></span>ed assets (see note 1 o<span class=\"_ _6\"></span>) vii.<span class=\"_ _1f6\"></span>), interest income is calculated by applying the cr<span class=\"_ _6\"></span>edit-<span class=\"_ _383\"> </span>adjusted EIR to the amortised cost o<span class=\"_ _6\"></span>f the asset. The calculation of int<span class=\"_ _6\"></span>erest income does not re<span class=\"_ _8\"></span>vert to a gross basis even if the cr<span class=\"_ _6\"></span>edit risk of the<span class=\"_ _383\"> </span> asset impro<span class=\"_ _6\"></span>ves<span class=\"_ _6\"></span>. See note 1 p) ii. f<span class=\"_ _6\"></span>or further information on IFRS 9 stage classi\ufb01cations<span class=\"_ _8\"></span>.<span class=\"_ _383\"> </span>When calculating the EIR, the Gr<span class=\"_ _6\"></span>oup estimates cash \ufb02o<span class=\"_ _6\"></span>ws considering all contrac<span class=\"_ _6\"></span>tual terms of the instrumen<span class=\"_ _6\"></span>t and behavioural aspects (f<span class=\"_ _6\"></span>or<span class=\"_ _383\"> </span> example<span class=\"_ _8\"></span>, prepayment options) but not considering future cre<span class=\"_ _6\"></span>dit losses. The calculation of the EIR includes tr<span class=\"_ _8\"></span>ansaction c<span class=\"_ _1\"></span>osts and f<span class=\"_ _6\"></span>ees paid or<span class=\"_ _383\"> </span> received that ar<span class=\"_ _6\"></span>e an integr<span class=\"_ _6\"></span>al part of the interes<span class=\"_ _6\"></span>t rate<span class=\"_ _8\"></span>, together with the discounts or premiums arising on the acquisition of loan portfolios<span class=\"_ _6\"></span>.<span class=\"_ _383\"> </span> T<span class=\"_ _8\"></span>ransaction costs include incr<span class=\"_ _6\"></span>emental cos<span class=\"_ _6\"></span>ts that are directly attribut<span class=\"_ _6\"></span>able to the acquisition or issue of a \ufb01nancial instrumen<span class=\"_ _6\"></span>t.<span class=\"_ _383\"> </span>The Group monitor<span class=\"_ _6\"></span>s the actual cash \ufb02ows f<span class=\"_ _6\"></span>or each book and resets cash \ufb02o<span class=\"_ _6\"></span>ws on a monthly basis<span class=\"_ _8\"></span>, disc<span class=\"_ _1\"></span>ounted at the EIR to deriv<span class=\"_ _6\"></span>e a new c<span class=\"_ _6\"></span>arrying<span class=\"_ _383\"> </span> value, with changes t<span class=\"_ _6\"></span>ak<span class=\"_ _6\"></span>en to pro<span class=\"_ _6\"></span>\ufb01t or loss as interes<span class=\"_ _6\"></span>t income.<span class=\"_ _383\"> </span>The EIR is adjusted wher<span class=\"_ _6\"></span>e there is a mo<span class=\"_ _6\"></span>vement in the r<span class=\"_ _6\"></span>efer<span class=\"_ _6\"></span>ence interes<span class=\"_ _6\"></span>t rate (SONIA, syn<span class=\"_ _6\"></span>thetic LIBOR or base rat<span class=\"_ _6\"></span><span class=\"_ _383\">e) affecting portfolios with a<span class=\"_ _383\"> </span></span> variable inter<span class=\"_ _6\"></span>est r<span class=\"_ _6\"></span>ate which will impact future cash \ufb02o<span class=\"_ _8\"></span>ws. The re<span class=\"_ _6\"></span>vised EIR is the rate which e<span class=\"_ _6\"></span>xactly discount<span class=\"_ _6\"></span>s the revised c<span class=\"_ _6\"></span>ash \ufb02ows to the net<span class=\"_ _383\"> </span> carrying value of the loan portfolio<span class=\"_ _6\"></span>.<span class=\"_ _383\"> </span>When the contractual t<span class=\"_ _6\"></span>erms of non-derivativ<span class=\"_ _6\"></span>e \ufb01nancial instrument<span class=\"_ _6\"></span>s have been amended as a direct consequence of IBOR r<span class=\"_ _6\"></span>eform during 2<span class=\"_ _6\"></span>021 and the new basis for de<span class=\"_ _6\"></span>termining the contrac<span class=\"_ _6\"></span>tual cash \ufb02ows is economically equivalen<span class=\"_ _6\"></span>t to the pre<span class=\"_ _6\"></span>vious basis, the Gr<span class=\"_ _6\"></span>oup changes the basis for determining the contr<span class=\"_ _6\"></span>actual cash \ufb02ow<span class=\"_ _6\"></span>s prospectively by r<span class=\"_ _6\"></span>evising the EIR<span class=\"_ _6\"></span>.<span class=\"_ _383\"> </span>Inter<span class=\"_ _6\"></span>est income on inv<span class=\"_ _6\"></span>estment securities is included in in<span class=\"_ _6\"></span>teres<span class=\"_ _6\"></span>t receivable and similar income. In<span class=\"_ _6\"></span>teres<span class=\"_ _6\"></span>t on derivatives is included in in<span class=\"_ _6\"></span>teres<span class=\"_ _6\"></span>t receivable and similar income or inter<span class=\"_ _6\"></span>est expense and similar char<span class=\"_ _8\"></span>ges following the underlying instrumen<span class=\"_ _6\"></span>t it is hedging.<span class=\"_ _383\"> </span>Coupons paid on non-controlling int<span class=\"_ _6\"></span>erest securities and A<span class=\"_ _1f6\"></span>T1 securities are recognised directly in equity in the period in which they are paid.<span class=\"_ _383\"> </span>",
   "dimensions": {
    "concept": "ifrs-full:DescriptionOfAccountingPolicyForFinanceCostsExplanatory",
    "language": "en",
    "entity": "scheme:213800ZBKL9BHSL2K459",
    "period": "2022-01-01T00:00:00/2023-01-01T00:00:00"
   }
  },
  "fact-547": {
   "value": "<span class=\"_ _383\">g)\u2002Inter</span><span class=\"_ _1\"></span>es<span class=\"_ _1\"></span>t inco<span class=\"_ _1\"></span>me an<span class=\"_ _1\"></span>d expen<span class=\"_ _1\"></span>se<span class=\"_ _383\"> </span>Inter<span class=\"_ _6\"></span>est income and inter<span class=\"_ _6\"></span>est expense f<span class=\"_ _6\"></span>or all inter<span class=\"_ _6\"></span>est-bearing \ufb01nancial instrumen<span class=\"_ _6\"></span>ts measured at amortised cost and FV<span class=\"_ _8\"></span>OCI are recognised in pro\ufb01t<span class=\"_ _383\"> </span> <span class=\"_ _383\">or loss using the effectiv</span><span class=\"_ _6\"></span>e interes<span class=\"_ _6\"></span>t rat<span class=\"_ _6\"></span>e (EIR) method. The EIR is the rate which discoun<span class=\"_ _6\"></span>ts the expected futur<span class=\"_ _6\"></span>e cash \ufb02ows<span class=\"_ _8\"></span>, over the expect<span class=\"_ _6\"></span>ed life of<span class=\"_ _383\"> </span> the \ufb01nancial instrument, t<span class=\"_ _6\"></span>o the net carrying value of the \ufb01nancial asset or liability.<span class=\"_ _383\"> </span> Inter<span class=\"_ _6\"></span>est income on \ufb01nancial assets categorised as s<span class=\"_ _6\"></span>tage 1 or 2 are r<span class=\"_ _6\"></span>ecognised on a gross basis<span class=\"_ _6\"></span>, with interes<span class=\"_ _6\"></span>t income on stage 3 assets r<span class=\"_ _6\"></span>ecognised<span class=\"_ _383\"> </span> net of expect<span class=\"_ _6\"></span>ed credit losses (ECL). For pur<span class=\"_ _6\"></span>chased or credit-impair<span class=\"_ _6\"></span>ed assets (see note 1 o<span class=\"_ _6\"></span>) vii.<span class=\"_ _1f6\"></span>), interest income is calculated by applying the cr<span class=\"_ _6\"></span>edit-<span class=\"_ _383\"> </span>adjusted EIR to the amortised cost o<span class=\"_ _6\"></span>f the asset. The calculation of int<span class=\"_ _6\"></span>erest income does not re<span class=\"_ _8\"></span>vert to a gross basis even if the cr<span class=\"_ _6\"></span>edit risk of the<span class=\"_ _383\"> </span> asset impro<span class=\"_ _6\"></span>ves<span class=\"_ _6\"></span>. See note 1 p) ii. f<span class=\"_ _6\"></span>or further information on IFRS 9 stage classi\ufb01cations<span class=\"_ _8\"></span>.<span class=\"_ _383\"> </span>When calculating the EIR, the Gr<span class=\"_ _6\"></span>oup estimates cash \ufb02o<span class=\"_ _6\"></span>ws considering all contrac<span class=\"_ _6\"></span>tual terms of the instrumen<span class=\"_ _6\"></span>t and behavioural aspects (f<span class=\"_ _6\"></span>or<span class=\"_ _383\"> </span> example<span class=\"_ _8\"></span>, prepayment options) but not considering future cre<span class=\"_ _6\"></span>dit losses. The calculation of the EIR includes tr<span class=\"_ _8\"></span>ansaction c<span class=\"_ _1\"></span>osts and f<span class=\"_ _6\"></span>ees paid or<span class=\"_ _383\"> </span> received that ar<span class=\"_ _6\"></span>e an integr<span class=\"_ _6\"></span>al part of the interes<span class=\"_ _6\"></span>t rate<span class=\"_ _8\"></span>, together with the discounts or premiums arising on the acquisition of loan portfolios<span class=\"_ _6\"></span>.<span class=\"_ _383\"> </span> T<span class=\"_ _8\"></span>ransaction costs include incr<span class=\"_ _6\"></span>emental cos<span class=\"_ _6\"></span>ts that are directly attribut<span class=\"_ _6\"></span>able to the acquisition or issue of a \ufb01nancial instrumen<span class=\"_ _6\"></span>t.<span class=\"_ _383\"> </span>The Group monitor<span class=\"_ _6\"></span>s the actual cash \ufb02ows f<span class=\"_ _6\"></span>or each book and resets cash \ufb02o<span class=\"_ _6\"></span>ws on a monthly basis<span class=\"_ _8\"></span>, disc<span class=\"_ _1\"></span>ounted at the EIR to deriv<span class=\"_ _6\"></span>e a new c<span class=\"_ _6\"></span>arrying<span class=\"_ _383\"> </span> value, with changes t<span class=\"_ _6\"></span>ak<span class=\"_ _6\"></span>en to pro<span class=\"_ _6\"></span>\ufb01t or loss as interes<span class=\"_ _6\"></span>t income.<span class=\"_ _383\"> </span>The EIR is adjusted wher<span class=\"_ _6\"></span>e there is a mo<span class=\"_ _6\"></span>vement in the r<span class=\"_ _6\"></span>efer<span class=\"_ _6\"></span>ence interes<span class=\"_ _6\"></span>t rate (SONIA, syn<span class=\"_ _6\"></span>thetic LIBOR or base rat<span class=\"_ _6\"></span><span class=\"_ _383\">e) affecting portfolios with a<span class=\"_ _383\"> </span></span> variable inter<span class=\"_ _6\"></span>est r<span class=\"_ _6\"></span>ate which will impact future cash \ufb02o<span class=\"_ _8\"></span>ws. The re<span class=\"_ _6\"></span>vised EIR is the rate which e<span class=\"_ _6\"></span>xactly discount<span class=\"_ _6\"></span>s the revised c<span class=\"_ _6\"></span>ash \ufb02ows to the net<span class=\"_ _383\"> </span> carrying value of the loan portfolio<span class=\"_ _6\"></span>.<span class=\"_ _383\"> </span>When the contractual t<span class=\"_ _6\"></span>erms of non-derivativ<span class=\"_ _6\"></span>e \ufb01nancial instrument<span class=\"_ _6\"></span>s have been amended as a direct consequence of IBOR r<span class=\"_ _6\"></span>eform during 2<span class=\"_ _6\"></span>021 and the new basis for de<span class=\"_ _6\"></span>termining the contrac<span class=\"_ _6\"></span>tual cash \ufb02ows is economically equivalen<span class=\"_ _6\"></span>t to the pre<span class=\"_ _6\"></span>vious basis, the Gr<span class=\"_ _6\"></span>oup changes the basis for determining the contr<span class=\"_ _6\"></span>actual cash \ufb02ow<span class=\"_ _6\"></span>s prospectively by r<span class=\"_ _6\"></span>evising the EIR<span class=\"_ _6\"></span>.<span class=\"_ _383\"> </span>Inter<span class=\"_ _6\"></span>est income on inv<span class=\"_ _6\"></span>estment securities is included in in<span class=\"_ _6\"></span>teres<span class=\"_ _6\"></span>t receivable and similar income. In<span class=\"_ _6\"></span>teres<span class=\"_ _6\"></span>t on derivatives is included in in<span class=\"_ _6\"></span>teres<span class=\"_ _6\"></span>t receivable and similar income or inter<span class=\"_ _6\"></span>est expense and similar char<span class=\"_ _8\"></span>ges following the underlying instrumen<span class=\"_ _6\"></span>t it is hedging.<span class=\"_ _383\"> </span>Coupons paid on non-controlling int<span class=\"_ _6\"></span>erest securities and A<span class=\"_ _1f6\"></span>T1 securities are recognised directly in equity in the period in which they are paid.<span class=\"_ _383\"> </span>",
   "dimensions": {
    "concept": "ifrs-full:DescriptionOfAccountingPolicyForFinanceIncomeAndCostsExplanatory",
    "language": "en",
    "entity": "scheme:213800ZBKL9BHSL2K459",
    "period": "2022-01-01T00:00:00/2023-01-01T00:00:00"
   }
  },
  "fact-487": {
   "value": "<span class=\"_ _383\">g)\u2002Inter</span><span class=\"_ _1\"></span>es<span class=\"_ _1\"></span>t inco<span class=\"_ _1\"></span>me an<span class=\"_ _1\"></span>d expen<span class=\"_ _1\"></span>se<span class=\"_ _383\"> </span>Inter<span class=\"_ _6\"></span>est income and inter<span class=\"_ _6\"></span>est expense f<span class=\"_ _6\"></span>or all inter<span class=\"_ _6\"></span>est-bearing \ufb01nancial instrumen<span class=\"_ _6\"></span>ts measured at amortised cost and FV<span class=\"_ _8\"></span>OCI are recognised in pro\ufb01t<span class=\"_ _383\"> </span> <span class=\"_ _383\">or loss using the effectiv</span><span class=\"_ _6\"></span>e interes<span class=\"_ _6\"></span>t rat<span class=\"_ _6\"></span>e (EIR) method. The EIR is the rate which discoun<span class=\"_ _6\"></span>ts the expected futur<span class=\"_ _6\"></span>e cash \ufb02ows<span class=\"_ _8\"></span>, over the expect<span class=\"_ _6\"></span>ed life of<span class=\"_ _383\"> </span> the \ufb01nancial instrument, t<span class=\"_ _6\"></span>o the net carrying value of the \ufb01nancial asset or liability.<span class=\"_ _383\"> </span> Inter<span class=\"_ _6\"></span>est income on \ufb01nancial assets categorised as s<span class=\"_ _6\"></span>tage 1 or 2 are r<span class=\"_ _6\"></span>ecognised on a gross basis<span class=\"_ _6\"></span>, with interes<span class=\"_ _6\"></span>t income on stage 3 assets r<span class=\"_ _6\"></span>ecognised<span class=\"_ _383\"> </span> net of expect<span class=\"_ _6\"></span>ed credit losses (ECL). For pur<span class=\"_ _6\"></span>chased or credit-impair<span class=\"_ _6\"></span>ed assets (see note 1 o<span class=\"_ _6\"></span>) vii.<span class=\"_ _1f6\"></span>), interest income is calculated by applying the cr<span class=\"_ _6\"></span>edit-<span class=\"_ _383\"> </span>adjusted EIR to the amortised cost o<span class=\"_ _6\"></span>f the asset. The calculation of int<span class=\"_ _6\"></span>erest income does not re<span class=\"_ _8\"></span>vert to a gross basis even if the cr<span class=\"_ _6\"></span>edit risk of the<span class=\"_ _383\"> </span> asset impro<span class=\"_ _6\"></span>ves<span class=\"_ _6\"></span>. See note 1 p) ii. f<span class=\"_ _6\"></span>or further information on IFRS 9 stage classi\ufb01cations<span class=\"_ _8\"></span>.<span class=\"_ _383\"> </span>When calculating the EIR, the Gr<span class=\"_ _6\"></span>oup estimates cash \ufb02o<span class=\"_ _6\"></span>ws considering all contrac<span class=\"_ _6\"></span>tual terms of the instrumen<span class=\"_ _6\"></span>t and behavioural aspects (f<span class=\"_ _6\"></span>or<span class=\"_ _383\"> </span> example<span class=\"_ _8\"></span>, prepayment options) but not considering future cre<span class=\"_ _6\"></span>dit losses. The calculation of the EIR includes tr<span class=\"_ _8\"></span>ansaction c<span class=\"_ _1\"></span>osts and f<span class=\"_ _6\"></span>ees paid or<span class=\"_ _383\"> </span> received that ar<span class=\"_ _6\"></span>e an integr<span class=\"_ _6\"></span>al part of the interes<span class=\"_ _6\"></span>t rate<span class=\"_ _8\"></span>, together with the discounts or premiums arising on the acquisition of loan portfolios<span class=\"_ _6\"></span>.<span class=\"_ _383\"> </span> T<span class=\"_ _8\"></span>ransaction costs include incr<span class=\"_ _6\"></span>emental cos<span class=\"_ _6\"></span>ts that are directly attribut<span class=\"_ _6\"></span>able to the acquisition or issue of a \ufb01nancial instrumen<span class=\"_ _6\"></span>t.<span class=\"_ _383\"> </span>The Group monitor<span class=\"_ _6\"></span>s the actual cash \ufb02ows f<span class=\"_ _6\"></span>or each book and resets cash \ufb02o<span class=\"_ _6\"></span>ws on a monthly basis<span class=\"_ _8\"></span>, disc<span class=\"_ _1\"></span>ounted at the EIR to deriv<span class=\"_ _6\"></span>e a new c<span class=\"_ _6\"></span>arrying<span class=\"_ _383\"> </span> value, with changes t<span class=\"_ _6\"></span>ak<span class=\"_ _6\"></span>en to pro<span class=\"_ _6\"></span>\ufb01t or loss as interes<span class=\"_ _6\"></span>t income.<span class=\"_ _383\"> </span>The EIR is adjusted wher<span class=\"_ _6\"></span>e there is a mo<span class=\"_ _6\"></span>vement in the r<span class=\"_ _6\"></span>efer<span class=\"_ _6\"></span>ence interes<span class=\"_ _6\"></span>t rate (SONIA, syn<span class=\"_ _6\"></span>thetic LIBOR or base rat<span class=\"_ _6\"></span><span class=\"_ _383\">e) affecting portfolios with a<span class=\"_ _383\"> </span></span> variable inter<span class=\"_ _6\"></span>est r<span class=\"_ _6\"></span>ate which will impact future cash \ufb02o<span class=\"_ _8\"></span>ws. The re<span class=\"_ _6\"></span>vised EIR is the rate which e<span class=\"_ _6\"></span>xactly discount<span class=\"_ _6\"></span>s the revised c<span class=\"_ _6\"></span>ash \ufb02ows to the net<span class=\"_ _383\"> </span> carrying value of the loan portfolio<span class=\"_ _6\"></span>.<span class=\"_ _383\"> </span>When the contractual t<span class=\"_ _6\"></span>erms of non-derivativ<span class=\"_ _6\"></span>e \ufb01nancial instrument<span class=\"_ _6\"></span>s have been amended as a direct consequence of IBOR r<span class=\"_ _6\"></span>eform during 2<span class=\"_ _6\"></span>021 and the new basis for de<span class=\"_ _6\"></span>termining the contrac<span class=\"_ _6\"></span>tual cash \ufb02ows is economically equivalen<span class=\"_ _6\"></span>t to the pre<span class=\"_ _6\"></span>vious basis, the Gr<span class=\"_ _6\"></span>oup changes the basis for determining the contr<span class=\"_ _6\"></span>actual cash \ufb02ow<span class=\"_ _6\"></span>s prospectively by r<span class=\"_ _6\"></span>evising the EIR<span class=\"_ _6\"></span>.<span class=\"_ _383\"> </span>Inter<span class=\"_ _6\"></span>est income on inv<span class=\"_ _6\"></span>estment securities is included in in<span class=\"_ _6\"></span>teres<span class=\"_ _6\"></span>t receivable and similar income. In<span class=\"_ _6\"></span>teres<span class=\"_ _6\"></span>t on derivatives is included in in<span class=\"_ _6\"></span>teres<span class=\"_ _6\"></span>t receivable and similar income or inter<span class=\"_ _6\"></span>est expense and similar char<span class=\"_ _8\"></span>ges following the underlying instrumen<span class=\"_ _6\"></span>t it is hedging.<span class=\"_ _383\"> </span>Coupons paid on non-controlling int<span class=\"_ _6\"></span>erest securities and A<span class=\"_ _1f6\"></span>T1 securities are recognised directly in equity in the period in which they are paid.<span class=\"_ _383\"> </span>",
   "dimensions": {
    "concept": "ifrs-full:DescriptionOfAccountingPolicyForInterestIncomeAndExpenseExplanatory",
    "language": "en",
    "entity": "scheme:213800ZBKL9BHSL2K459",
    "period": "2022-01-01T00:00:00/2023-01-01T00:00:00"
   }
  },
  "fact-488": {
   "value": "<span class=\"_ _383\">h)\u2002Fees and c</span><span class=\"_ _1\"></span>ommi<span class=\"_ _1\"></span>ssio<span class=\"_ _1\"></span>ns Fees and commissions which are an integr<span class=\"_ _6\"></span>al part of the EIR of a \ufb01nancial instrumen<span class=\"_ _6\"></span>t are recognised as an adjus<span class=\"_ _6\"></span>tment to the EIR and recor<span class=\"_ _6\"></span>ded in inter<span class=\"_ _6\"></span>est income. The Gr<span class=\"_ _6\"></span>oup includes early redemption char<span class=\"_ _6\"></span>ges within the EIR. Fees received on mortgage administr<span class=\"_ _6\"></span>ation services and mor<span class=\"_ _1\"></span>tgage origination activities, which ar<span class=\"_ _6\"></span>e not an integr<span class=\"_ _6\"></span>al part of the EIR, are r<span class=\"_ _6\"></span>ecorded in other operating income and accounted f<span class=\"_ _6\"></span>or in accordance with IFRS 15 Re<span class=\"_ _6\"></span>venue fr<span class=\"_ _6\"></span>om Contract<span class=\"_ _6\"></span>s with Customers<span class=\"_ _8\"></span>, with inc<span class=\"_ _1\"></span>ome recognised when the services are delivered and the bene<span class=\"_ _6\"></span>\ufb01ts are tr<span class=\"_ _6\"></span>ansferred t<span class=\"_ _6\"></span>o clients and cust<span class=\"_ _6\"></span>omers<span class=\"_ _6\"></span>.<span class=\"_ _383\"> </span>Other fees and commissions are recognised on the accruals basis as services are pro<span class=\"_ _6\"></span>vided or on the performance of a signi\ufb01cant act, net o<span class=\"_ _6\"></span>f V<span class=\"_ _8\"></span>A<span class=\"_ _8\"></span>T<span class=\"_ _1\"></span> and similar taxes<span class=\"_ _6\"></span>.<span class=\"_ _383\"> </span>",
   "dimensions": {
    "concept": "ifrs-full:DescriptionOfAccountingPolicyForFeeAndCommissionIncomeAndExpenseExplanatory",
    "language": "en",
    "entity": "scheme:213800ZBKL9BHSL2K459",
    "period": "2022-01-01T00:00:00/2023-01-01T00:00:00"
   }
  },
  "fact-489": {
   "value": "<span class=\"_ _383\">i)\u2002Int</span><span class=\"_ _1\"></span>egr<span class=\"_ _1\"></span>ation c<span class=\"_ _1\"></span>os<span class=\"_ _1\"></span>ts and exc<span class=\"_ _1\"></span>epti<span class=\"_ _1\"></span>onal it<span class=\"_ _1\"></span>ems Integr<span class=\"_ _6\"></span>ation costs and e<span class=\"_ _6\"></span>xceptional items are those it<span class=\"_ _6\"></span>ems of income or expense that do not r<span class=\"_ _6\"></span>elate to the Group<span class=\"_ _8\"></span>\u2019<span class=\"_ _8\"></span>s c<span class=\"_ _1\"></span>ore operating ac<span class=\"_ _6\"></span>tivities, ar<span class=\"_ _6\"></span>e not expected to r<span class=\"_ _6\"></span>ecur and are material in the conte<span class=\"_ _6\"></span>xt of the Group<span class=\"_ _8\"></span>\u2019<span class=\"_ _8\"></span>s performance. These items are disclosed separ<span class=\"_ _6\"></span>ately within the Consolidated Statemen<span class=\"_ _6\"></span>t of Comprehensiv<span class=\"_ _6\"></span>e Income and the Notes to the Consolidated Financial Statemen<span class=\"_ _6\"></span>ts.<span class=\"_ _383\"> </span>",
   "dimensions": {
    "concept": "ifrs-full:DescriptionOfAccountingPolicyForExceptionalItemsExplanatory",
    "language": "en",
    "entity": "scheme:213800ZBKL9BHSL2K459",
    "period": "2022-01-01T00:00:00/2023-01-01T00:00:00"
   }
  },
  "fact-548": {
   "value": "<span class=\"_ _383\">j)\u2002Tax</span><span class=\"_ _6\"></span>ation<span class=\"_ _383\"> </span>Income tax comprises current and def<span class=\"_ _6\"></span>erred tax<span class=\"_ _6\"></span>. It is recognised in pro<span class=\"_ _6\"></span>\ufb01t or loss, OCI or dir<span class=\"_ _6\"></span>ectly in equity, consistent with the r<span class=\"_ _6\"></span>ecognition of items it relates to<span class=\"_ _6\"></span>. The Group r<span class=\"_ _6\"></span>ecognises tax on coupons paid on non-controlling inter<span class=\"_ _6\"></span>est securities and A<span class=\"_ _1f6\"></span>T1 se<span class=\"_ _1\"></span>curities directly in pro\ufb01t or loss<span class=\"_ _8\"></span>.<span class=\"_ _383\"> </span>Current t<span class=\"_ _6\"></span>ax is the expected tax char<span class=\"_ _6\"></span>ge on the taxable income for the year and any adjus<span class=\"_ _6\"></span>tments in r<span class=\"_ _6\"></span>espect of pre<span class=\"_ _6\"></span>vious years<span class=\"_ _6\"></span>.<span class=\"_ _383\"> </span>Deferred t<span class=\"_ _6\"></span>ax is the tax expected to be payable or r<span class=\"_ _6\"></span>ecov<span class=\"_ _6\"></span>erable in respect o<span class=\"_ _6\"></span><span class=\"_ _383\">f temporary diff</span><span class=\"_ _6\"></span>erences between the carrying amoun<span class=\"_ _6\"></span>ts of assets or liabilities for accounting purposes and carrying amount<span class=\"_ _6\"></span>s for tax purposes<span class=\"_ _6\"></span>. Deferred t<span class=\"_ _6\"></span>ax assets are r<span class=\"_ _6\"></span>ecognised only to the exten<span class=\"_ _6\"></span>t that it is probable that future tax<span class=\"_ _6\"></span>able pro\ufb01t<span class=\"_ _6\"></span>s will be available to utilise the asset. The recognition of def<span class=\"_ _6\"></span>erred tax is mainly dependen<span class=\"_ _6\"></span>t on the projections of futur<span class=\"_ _6\"></span>e taxable pr<span class=\"_ _6\"></span>o\ufb01ts and future r<span class=\"_ _6\"></span>ev<span class=\"_ _6\"></span>ersals of tempor<span class=\"_ _8\"></span><span class=\"_ _383\">ary differences. The </span>current pr<span class=\"_ _6\"></span>ojections of future t<span class=\"_ _6\"></span>axable income indicate that the Group will be able t<span class=\"_ _6\"></span>o utilise its deferr<span class=\"_ _6\"></span>ed tax asset within the for<span class=\"_ _6\"></span>eseeable future.<span class=\"_ _383\"> </span>Deferred t<span class=\"_ _6\"></span>ax liabilities are recognised for all t<span class=\"_ _6\"></span>axable tempor<span class=\"_ _6\"></span><span class=\"_ _383\">ary differences</span><span class=\"_ _6\"></span>.<span class=\"_ _383\"> </span>The Company and its tax<span class=\"_ _6\"></span>-paying UK subsidiaries are in a group paymen<span class=\"_ _6\"></span>t arrangemen<span class=\"_ _6\"></span>t for corporation tax and sho<span class=\"_ _8\"></span>w a net c<span class=\"_ _1\"></span>orporation tax liability and deferr<span class=\"_ _6\"></span>ed tax liability accordingly, with the ex<span class=\"_ _6\"></span>ception of W<span class=\"_ _6\"></span>SE Bourton Road Limited which is applying to join the arrangemen<span class=\"_ _6\"></span>t. The Company and its UK subsidiaries are in the same V<span class=\"_ _8\"></span>A<span class=\"_ _8\"></span>T group.<span class=\"_ _383\"> </span>",
   "dimensions": {
    "concept": "ifrs-full:DescriptionOfAccountingPolicyForDeferredIncomeTaxExplanatory",
    "language": "en",
    "entity": "scheme:213800ZBKL9BHSL2K459",
    "period": "2022-01-01T00:00:00/2023-01-01T00:00:00"
   }
  },
  "fact-490": {
   "value": "<span class=\"_ _383\">j)\u2002Tax</span><span class=\"_ _6\"></span>ation<span class=\"_ _383\"> </span>Income tax comprises current and def<span class=\"_ _6\"></span>erred tax<span class=\"_ _6\"></span>. It is recognised in pro<span class=\"_ _6\"></span>\ufb01t or loss, OCI or dir<span class=\"_ _6\"></span>ectly in equity, consistent with the r<span class=\"_ _6\"></span>ecognition of items it relates to<span class=\"_ _6\"></span>. The Group r<span class=\"_ _6\"></span>ecognises tax on coupons paid on non-controlling inter<span class=\"_ _6\"></span>est securities and A<span class=\"_ _1f6\"></span>T1 se<span class=\"_ _1\"></span>curities directly in pro\ufb01t or loss<span class=\"_ _8\"></span>.<span class=\"_ _383\"> </span>Current t<span class=\"_ _6\"></span>ax is the expected tax char<span class=\"_ _6\"></span>ge on the taxable income for the year and any adjus<span class=\"_ _6\"></span>tments in r<span class=\"_ _6\"></span>espect of pre<span class=\"_ _6\"></span>vious years<span class=\"_ _6\"></span>.<span class=\"_ _383\"> </span>Deferred t<span class=\"_ _6\"></span>ax is the tax expected to be payable or r<span class=\"_ _6\"></span>ecov<span class=\"_ _6\"></span>erable in respect o<span class=\"_ _6\"></span><span class=\"_ _383\">f temporary diff</span><span class=\"_ _6\"></span>erences between the carrying amoun<span class=\"_ _6\"></span>ts of assets or liabilities for accounting purposes and carrying amount<span class=\"_ _6\"></span>s for tax purposes<span class=\"_ _6\"></span>. Deferred t<span class=\"_ _6\"></span>ax assets are r<span class=\"_ _6\"></span>ecognised only to the exten<span class=\"_ _6\"></span>t that it is probable that future tax<span class=\"_ _6\"></span>able pro\ufb01t<span class=\"_ _6\"></span>s will be available to utilise the asset. The recognition of def<span class=\"_ _6\"></span>erred tax is mainly dependen<span class=\"_ _6\"></span>t on the projections of futur<span class=\"_ _6\"></span>e taxable pr<span class=\"_ _6\"></span>o\ufb01ts and future r<span class=\"_ _6\"></span>ev<span class=\"_ _6\"></span>ersals of tempor<span class=\"_ _8\"></span><span class=\"_ _383\">ary differences. The </span>current pr<span class=\"_ _6\"></span>ojections of future t<span class=\"_ _6\"></span>axable income indicate that the Group will be able t<span class=\"_ _6\"></span>o utilise its deferr<span class=\"_ _6\"></span>ed tax asset within the for<span class=\"_ _6\"></span>eseeable future.<span class=\"_ _383\"> </span>Deferred t<span class=\"_ _6\"></span>ax liabilities are recognised for all t<span class=\"_ _6\"></span>axable tempor<span class=\"_ _6\"></span><span class=\"_ _383\">ary differences</span><span class=\"_ _6\"></span>.<span class=\"_ _383\"> </span>The Company and its tax<span class=\"_ _6\"></span>-paying UK subsidiaries are in a group paymen<span class=\"_ _6\"></span>t arrangemen<span class=\"_ _6\"></span>t for corporation tax and sho<span class=\"_ _8\"></span>w a net c<span class=\"_ _1\"></span>orporation tax liability and deferr<span class=\"_ _6\"></span>ed tax liability accordingly, with the ex<span class=\"_ _6\"></span>ception of W<span class=\"_ _6\"></span>SE Bourton Road Limited which is applying to join the arrangemen<span class=\"_ _6\"></span>t. The Company and its UK subsidiaries are in the same V<span class=\"_ _8\"></span>A<span class=\"_ _8\"></span>T group.<span class=\"_ _383\"> </span>",
   "dimensions": {
    "concept": "ifrs-full:DescriptionOfAccountingPolicyForIncomeTaxExplanatory",
    "language": "en",
    "entity": "scheme:213800ZBKL9BHSL2K459",
    "period": "2022-01-01T00:00:00/2023-01-01T00:00:00"
   }
  },
  "fact-491": {
   "value": "<span class=\"_ _383\">k)\u2002Divi</span><span class=\"_ _1\"></span>den<span class=\"_ _1\"></span>ds Dividends are recognised in equity in the period in which they ar<span class=\"_ _6\"></span>e paid or<span class=\"_ _8\"></span>, if earlier<span class=\"_ _8\"></span>, approv<span class=\"_ _6\"></span>ed by shareholders<span class=\"_ _8\"></span>.<span class=\"_ _383\"> </span>",
   "dimensions": {
    "concept": "ifrs-full:DescriptionOfAccountingPolicyForDividendsExplanatory",
    "language": "en",
    "entity": "scheme:213800ZBKL9BHSL2K459",
    "period": "2022-01-01T00:00:00/2023-01-01T00:00:00"
   }
  },
  "fact-492": {
   "value": "<span class=\"_ _383\">l)\u2002Ca</span><span class=\"_ _1\"></span>sh and c<span class=\"_ _1\"></span>ash e<span class=\"_ _1\"></span>qui<span class=\"_ _1\"></span>valent<span class=\"_ _1\"></span>s<span class=\"_ _383\"> </span>For the purposes of the Consolidated Stat<span class=\"_ _6\"></span>ement of Cash Flo<span class=\"_ _6\"></span>ws, c<span class=\"_ _6\"></span>ash and cash equivalents comprise cash, non-r<span class=\"_ _6\"></span>estricted balances with cr<span class=\"_ _6\"></span>edit institutions and highly liquid \ufb01nancial assets with maturities o<span class=\"_ _6\"></span>f less than three months fr<span class=\"_ _6\"></span>om date of acquisition, subject to an insigni\ufb01can<span class=\"_ _6\"></span>t risk of changes in their fair value and ar<span class=\"_ _6\"></span>e used by the Group in the management o<span class=\"_ _6\"></span>f its short-term commitments.<span class=\"_ _383\"> </span>",
   "dimensions": {
    "concept": "ifrs-full:DescriptionOfAccountingPolicyToDetermineComponentsOfCashAndCashEquivalents",
    "language": "en",
    "entity": "scheme:213800ZBKL9BHSL2K459",
    "period": "2022-01-01T00:00:00/2023-01-01T00:00:00"
   }
  },
  "fact-614": {
   "value": "<span class=\"_ _383\">m)\u2002Intangible a</span><span class=\"_ _1\"></span>ss<span class=\"_ _1\"></span>ets<span class=\"_ _383\"> </span>Purchased softw<span class=\"_ _6\"></span>are and costs dir<span class=\"_ _6\"></span>ectly associated with the dev<span class=\"_ _6\"></span>elopment of computer so<span class=\"_ _6\"></span>ftware are capit<span class=\"_ _6\"></span>alised as intangible assets wher<span class=\"_ _6\"></span>e the software is a unique and iden<span class=\"_ _6\"></span>ti\ufb01able asset controlle<span class=\"_ _6\"></span>d by the Group and will generat<span class=\"_ _6\"></span>e future economic bene\ufb01ts<span class=\"_ _6\"></span>. Costs to es<span class=\"_ _6\"></span>tablish technological feasibility or to main<span class=\"_ _6\"></span>tain existing le<span class=\"_ _8\"></span>vels of performance are recognised as an e<span class=\"_ _6\"></span>xpense. The Group only r<span class=\"_ _6\"></span>ecognises internally gener<span class=\"_ _6\"></span>ated intangible assets if all of the follo<span class=\"_ _8\"></span>wing c<span class=\"_ _1\"></span>onditions are met:<span class=\"_ _383\"> </span>\u2022 <span class=\"_ _124\"> </span><span class=\"ws2\">an asset is being created that can be identi\ufb01ed after es<span class=\"_ _6\"></span>tablishing the technical and commercial feasibility o<span class=\"_ _6\"></span>f the resulting product;<span class=\"_ _383\"> </span></span>\u2022 <span class=\"_ _124\"> </span><span class=\"ws2\">it is probable that the asset created will gener<span class=\"_ _6\"></span>ate future economic bene\ufb01ts; and<span class=\"_ _383\"> </span></span>\u2022 <span class=\"_ _124\"> </span><span class=\"ws2\">the development cos<span class=\"_ _6\"></span>t of the asset can be measur<span class=\"_ _6\"></span>ed reliably.<span class=\"_ _383\"> </span></span><span class=\"_ _383\">m)\u2002Intangible a</span><span class=\"_ _1\"></span>ss<span class=\"_ _1\"></span>ets<span class=\"ff5 lsd4 ws46\"> c<span class=\"_ _1\"></span>ontinue<span class=\"_ _1\"></span>d<span class=\"_ _383\"> </span></span>Subsequent expenditur<span class=\"_ _6\"></span>e on an internally gener<span class=\"_ _6\"></span>ated int<span class=\"_ _6\"></span>angible asset, after its purchase or completion, is recognised as an e<span class=\"_ _6\"></span>xpense in the period in which it is incurred. Where no in<span class=\"_ _6\"></span>ternally generat<span class=\"_ _6\"></span>ed intangible asset can be r<span class=\"_ _6\"></span>ecognised, dev<span class=\"_ _6\"></span>elopment expenditur<span class=\"_ _6\"></span>e is recognised as an expense in the period in which it is incurred.<span class=\"_ _383\"> </span>Software-as-a-service (SaaS), is an arrangemen<span class=\"_ _6\"></span>t that provides the Gr<span class=\"_ _6\"></span>oup with the right to r<span class=\"_ _6\"></span>eceive access to the supplier\u2019<span class=\"_ _8\"></span>s application software in the future which is treat<span class=\"_ _6\"></span>ed as a service contract, rather than a so<span class=\"_ _6\"></span>ftware lease or the acquisition o<span class=\"_ _6\"></span>f a software in<span class=\"_ _6\"></span>tangible asset. An intangible asset is only r<span class=\"_ _6\"></span>ecognised if:<span class=\"_ _383\"> </span>\u2022 <span class=\"_ _124\"> </span><span class=\"ws2\">The Group has the contractual righ<span class=\"_ _6\"></span>t to tak<span class=\"_ _8\"></span>e possession of the software during the hos<span class=\"_ _6\"></span>ting period without signi\ufb01cant penalty; and<span class=\"_ _383\"> </span></span>\u2022 <span class=\"_ _124\"> </span><span class=\"ws2\">It is feasible for the Group to run the softw<span class=\"_ _6\"></span>are on its o<span class=\"_ _6\"></span>wn hardw<span class=\"_ _6\"></span>are or contr<span class=\"_ _6\"></span>act with a party unrelated to the supplier to hos<span class=\"_ _6\"></span>t the software<span class=\"_ _8\"></span>.<span class=\"_ _383\"> </span></span>The costs of con\ufb01guring or cus<span class=\"_ _6\"></span>tomising supplier application softwar<span class=\"_ _6\"></span>e in a SaaS arrangemen<span class=\"_ _6\"></span>t that is determined to be a service contract is recognised as an expense or pr<span class=\"_ _6\"></span>epayment. Where the con\ufb01gur<span class=\"_ _6\"></span>ation and customisation services are not dis<span class=\"_ _6\"></span>tinct from the right t<span class=\"_ _6\"></span>o receive access to the software<span class=\"_ _8\"></span>, then the c<span class=\"_ _1\"></span>osts ar<span class=\"_ _6\"></span>e recognised as an expense o<span class=\"_ _6\"></span>ver the term o<span class=\"_ _6\"></span>f the arrangement. Intangible assets ar<span class=\"_ _6\"></span>e re<span class=\"_ _6\"></span>view<span class=\"_ _6\"></span>ed for impairment semi-annually, and if they ar<span class=\"_ _6\"></span>e considered to be impair<span class=\"_ _6\"></span>ed, are written do<span class=\"_ _6\"></span>wn immediately to their recov<span class=\"_ _6\"></span>erable amoun<span class=\"_ _6\"></span>ts. Impairmen<span class=\"_ _6\"></span>t losses previously r<span class=\"_ _6\"></span>ecognised for intangible asse<span class=\"_ _6\"></span>ts, other than goodwill, ar<span class=\"_ _6\"></span>e re<span class=\"_ _6\"></span>versed when ther<span class=\"_ _6\"></span>e has been a change in the estimates used to de<span class=\"_ _6\"></span>termine the asset\u2019<span class=\"_ _1f6\"></span>s recover<span class=\"_ _6\"></span>able amount. An impairment loss r<span class=\"_ _6\"></span>ev<span class=\"_ _6\"></span>ersal is recognised in the Consolidated Statemen<span class=\"_ _6\"></span>t of Comprehensiv<span class=\"_ _6\"></span>e Income and the carrying amount of the asset is incre<span class=\"_ _6\"></span>ased to its recov<span class=\"_ _8\"></span>erable amount.<span class=\"_ _383\"> </span>Intangible assets ar<span class=\"_ _6\"></span>e amortised in pro\ufb01t or loss ov<span class=\"_ _8\"></span>er their estimated useful lives as f<span class=\"_ _6\"></span>ollows:<span class=\"_ _383\"> </span>Software and in<span class=\"_ _6\"></span>ternally generat<span class=\"_ _6\"></span>ed assets <span class=\"_ _23\"></span> <span class=\"_ _93\"> </span>5 year straigh<span class=\"_ _6\"></span>t line<span class=\"_ _383\"> </span>Developmen<span class=\"_ _6\"></span>t costs<span class=\"_ _6\"></span>, brand and technology <span class=\"_ _50\"> </span>4 year s<span class=\"_ _6\"></span>traigh<span class=\"_ _6\"></span>t line<span class=\"_ _383\"> </span>Brok<span class=\"_ _8\"></span>er relationships <span class=\"_ _f\"> </span> <span class=\"_ _93\"> </span> <span class=\"_ _93\"> </span> <span class=\"_ _93\"> </span>5 year pro\ufb01le<span class=\"_ _383\"> </span>Bank licence <span class=\"_ _76\"> </span> <span class=\"_ _9d\"> </span> <span class=\"_ _93\"> </span> <span class=\"_ _93\"> </span>3 year str<span class=\"_ _6\"></span>aight line<span class=\"_ _383\"> </span>For dev<span class=\"_ _6\"></span>elopment costs that ar<span class=\"_ _6\"></span>e under construction, no amortisation will be applied until the asset is available f<span class=\"_ _6\"></span>or use and is calculated using a full month when available f<span class=\"_ _6\"></span>or use. The Group re<span class=\"_ _6\"></span>view<span class=\"_ _6\"></span>s the amortisation period on an annual basis. If the expected use<span class=\"_ _6\"></span><span class=\"_ _383\">ful life of assets is diff</span><span class=\"_ _6\"></span>erent fr<span class=\"_ _6\"></span>om pre<span class=\"_ _6\"></span>vious assessments<span class=\"_ _6\"></span>, the amortisation period is changed accordingly.<span class=\"_ _383\">  </span><span class=\"_ _383\">n)\u2002Proper</span><span class=\"_ _1\"></span>ty, p<span class=\"_ _1\"></span>lant an<span class=\"_ _1\"></span>d equip<span class=\"_ _1\"></span>me<span class=\"_ _1\"></span>nt<span class=\"_ _383\"> </span>Property, plant and equipment comprise fr<span class=\"_ _6\"></span>eehold land and buildings, major alter<span class=\"_ _6\"></span><span class=\"_ _383\">ations to office premises</span><span class=\"_ _6\"></span>, computer equipment and \ufb01xtur<span class=\"_ _6\"></span>es measured at cost less accumulate<span class=\"_ _6\"></span>d depreciation. These assets are r<span class=\"_ _6\"></span>evie<span class=\"_ _6\"></span>wed f<span class=\"_ _6\"></span>or impairment annually, and if they are consider<span class=\"_ _6\"></span>ed to be impaired, are written do<span class=\"_ _6\"></span>wn immediately to their reco<span class=\"_ _6\"></span>ver<span class=\"_ _6\"></span>able amounts<span class=\"_ _6\"></span>.<span class=\"_ _383\"> </span>Items of property, plant and equipmen<span class=\"_ _6\"></span>t are depreciate<span class=\"_ _6\"></span>d on a straigh<span class=\"_ _6\"></span>t-line basis ov<span class=\"_ _6\"></span>er their estimated use<span class=\"_ _6\"></span>ful economic lives as follo<span class=\"_ _6\"></span>ws:<span class=\"_ _383\"> </span>Buildings <span class=\"_ _213\"></span>    50 <span class=\"_ _214\"></span>years<span class=\"_ _383\"> </span>Leasehold impr<span class=\"_ _6\"></span>ov<span class=\"_ _6\"></span>ements <span class=\"_ _aa\"> </span> <span class=\"_ _93\"> </span> <span class=\"_ _93\"> </span>10 years<span class=\"_ _383\"> </span>Equipment and \ufb01xtur<span class=\"_ _6\"></span>es <span class=\"_ _69\"> </span> <span class=\"_ _93\"> </span> <span class=\"_ _9d\"> </span>5 years<span class=\"_ _383\"> </span>Land, deemed to be 2<span class=\"_ _6\"></span>5% of purchase price of buildings<span class=\"_ _8\"></span>, is not depreciated. The cost of r<span class=\"_ _6\"></span>epairs and rene<span class=\"_ _6\"></span>wals is char<span class=\"_ _6\"></span>ged to pro<span class=\"_ _6\"></span>\ufb01t or loss in the period in which the expenditur<span class=\"_ _6\"></span>e is incurred.<span class=\"_ _383\"> </span>o<span class=\"_ _6\"></span><span class=\"_ _383\">)\u2002Invest</span><span class=\"_ _1\"></span>me<span class=\"_ _1\"></span>nt in subs<span class=\"_ _1\"></span>idiari<span class=\"_ _1\"></span>es<span class=\"_ _383\"> </span>In the Company\u2019<span class=\"_ _8\"></span>s \ufb01nancial statemen<span class=\"_ _6\"></span>ts, in<span class=\"_ _8\"></span>vestments in subsidiary undertakings are s<span class=\"_ _6\"></span>tated at cost less pr<span class=\"_ _6\"></span>ovision for any impairmen<span class=\"_ _6\"></span>t. A full list of the Company\u2019<span class=\"_ _1f6\"></span>s subsidiaries which are included in the Group<span class=\"_ _8\"></span>\u2019<span class=\"_ _6\"></span>s consolidated \ufb01nancial statemen<span class=\"_ _6\"></span>ts can be found in not<span class=\"_ _6\"></span>e 2 to the Company\u2019<span class=\"_ _1f6\"></span>s<span class=\"_ _1\"></span> \ufb01nancial statemen<span class=\"_ _6\"></span>ts on page 243.<span class=\"_ _383\"> </span>The Company performs an annual impairment assessment of it<span class=\"_ _6\"></span>s inv<span class=\"_ _6\"></span>estment in subsidiary undertakings<span class=\"_ _6\"></span>, assessing the carrying value of the inv<span class=\"_ _6\"></span>estment in each subsidiary agains<span class=\"_ _6\"></span>t the subsidiary\u2019<span class=\"_ _1f6\"></span>s net asset values at the reporting date for indication of impairmen<span class=\"_ _6\"></span>t. Where there is indication of impairment, the Company es<span class=\"_ _6\"></span>timates the subsidiary\u2019<span class=\"_ _1f6\"></span>s value in use by estimating future pr<span class=\"_ _6\"></span>o\ufb01tability and the impact on the net assets of the subsidiary. The Company recognises an impairment dir<span class=\"_ _6\"></span>ectly in pro\ufb01t or loss when the r<span class=\"_ _6\"></span>ecover<span class=\"_ _6\"></span>able amount, which is the great<span class=\"_ _6\"></span>er of the value in use or the fair value less cost<span class=\"_ _6\"></span>s to sell, is less than the carrying value of the in<span class=\"_ _6\"></span>ves<span class=\"_ _6\"></span>tment. Impairment<span class=\"_ _6\"></span>s are subsequently r<span class=\"_ _6\"></span>ev<span class=\"_ _6\"></span>ersed if the reco<span class=\"_ _6\"></span>ver<span class=\"_ _6\"></span>able amount ex<span class=\"_ _6\"></span>ceeds the carrying value.<span class=\"_ _383\"> </span><span class=\"_ _383\">vii.\u2002I</span><span class=\"_ _1\"></span>de<span class=\"_ _1\"></span>nti\ufb01c<span class=\"_ _1\"></span>ation a<span class=\"_ _1\"></span>nd m<span class=\"_ _1\"></span>eas<span class=\"_ _1\"></span>ure<span class=\"_ _1\"></span>me<span class=\"_ _1\"></span>nt of imp<span class=\"_ _1\"></span>air<span class=\"_ _1\"></span>men<span class=\"_ _1\"></span>t of \ufb01n<span class=\"_ _1\"></span>anci<span class=\"_ _1\"></span>al as<span class=\"_ _1\"></span>se<span class=\"_ _1\"></span>ts<span class=\"_ _383\"> </span>The Group assesses all \ufb01nancial assets f<span class=\"_ _6\"></span>or impairment. Loans a<span class=\"_ _1\"></span>nd adva<span class=\"_ _1\"></span>nc<span class=\"_ _1\"></span>es to cu<span class=\"_ _1\"></span>stom<span class=\"_ _1\"></span>ers<span class=\"_ _383\"> </span>The Group uses the IFRS 9 thr<span class=\"_ _6\"></span>ee-stage ECL appr<span class=\"_ _6\"></span>oach for measuring impairmen<span class=\"_ _6\"></span>t. The three impairment st<span class=\"_ _6\"></span>ages are as follo<span class=\"_ _6\"></span>ws:<span class=\"_ _383\"> </span>\u2022 <span class=\"_ _124\"> </span><span class=\"ff2 ws2\">Stage 1<span class=\"ff1\"> \u2013 a 12 month ECL allow<span class=\"_ _8\"></span>anc<span class=\"_ _1\"></span>e is recognised where ther<span class=\"_ _6\"></span>e is no signi\ufb01cant increase in cr<span class=\"_ _6\"></span>edit risk (SICR) since initial recognition.<span class=\"_ _383\"> </span></span></span>\u2022 <span class=\"_ _124\"> </span><span class=\"ff2 ws2\">Stage 2<span class=\"ff1\"> \u2013 a lifetime ECL allow<span class=\"_ _8\"></span>anc<span class=\"_ _1\"></span>e is recognised for assets wher<span class=\"_ _6\"></span>e a SICR is identi\ufb01ed since initial recognition. The assessment o<span class=\"_ _6\"></span>f whether </span></span>credit risk has incre<span class=\"_ _6\"></span>ased signi\ufb01cantly since initial recognition is performed for each r<span class=\"_ _6\"></span>eporting period for the life of the loan.<span class=\"_ _383\"> </span>\u2022 <span class=\"_ _124\"> </span><span class=\"ff2 ws2\">Stage 3<span class=\"ff1\"> \u2013 requires objective e<span class=\"_ _8\"></span>videnc<span class=\"_ _1\"></span>e that an asset is credit impair<span class=\"_ _6\"></span>ed, at which point a lifetime ECL<span class=\"_ _6\"></span> allow<span class=\"_ _6\"></span>ance is recognised.<span class=\"_ _383\"> </span></span></span>The Group measures impairmen<span class=\"_ _6\"></span>t through the use of individual and mo<span class=\"_ _6\"></span>delled assessments<span class=\"_ _6\"></span>. Individual assessment<span class=\"_ _383\"> </span>The Group<span class=\"_ _8\"></span>\u2019<span class=\"_ _6\"></span>s pro<span class=\"_ _6\"></span>visioning process requir<span class=\"_ _6\"></span>es individual assessment for high exposur<span class=\"_ _6\"></span>e or higher risk loans<span class=\"_ _6\"></span>, where La<span class=\"_ _6\"></span>w of Property Act (LP<span class=\"_ _8\"></span>A) receivers have been appoint<span class=\"_ _6\"></span>ed, the property is tak<span class=\"_ _6\"></span>en into possession or ther<span class=\"_ _6\"></span>e are other e<span class=\"_ _6\"></span>vent<span class=\"_ _6\"></span>s that suggest a high probability o<span class=\"_ _6\"></span>f credit loss<span class=\"_ _6\"></span>. Loans ar<span class=\"_ _6\"></span>e considered at a connection lev<span class=\"_ _6\"></span>el, i.e<span class=\"_ _6\"></span>. including all loans connected to the cust<span class=\"_ _6\"></span>omer<span class=\"_ _8\"></span>. The Group estimat<span class=\"_ _6\"></span>es cash \ufb02ows fr<span class=\"_ _6\"></span>om these loans, including e<span class=\"_ _6\"></span>xpected inter<span class=\"_ _6\"></span>est and principal paymen<span class=\"_ _6\"></span>ts, r<span class=\"_ _6\"></span>ental or sale pr<span class=\"_ _6\"></span>oceeds, selling and other costs<span class=\"_ _6\"></span>. The Group obtains up-to-dat<span class=\"_ _6\"></span>e independent valuations for pr<span class=\"_ _6\"></span>operties put up for sale. For all individually assessed loans with a con\ufb01rmed sale, should the pr<span class=\"_ _6\"></span>esent value o<span class=\"_ _6\"></span>f estimated futur<span class=\"_ _6\"></span>e cash \ufb02ows discoun<span class=\"_ _6\"></span>ted at the original EIR be less than the carrying value of the loan, a pr<span class=\"_ _6\"></span>ovision is r<span class=\"_ _6\"></span><span class=\"_ _383\">ecognised for the difference with such loans being classi\ufb01ed as impair</span><span class=\"_ _6\"></span>ed. How<span class=\"_ _6\"></span>ev<span class=\"_ _6\"></span>er<span class=\"_ _8\"></span>, should the present v<span class=\"_ _6\"></span>alue of the estimate<span class=\"_ _6\"></span>d future cash \ufb02o<span class=\"_ _6\"></span>ws exceed the carrying v<span class=\"_ _6\"></span>alue, no pro<span class=\"_ _8\"></span>vision is recognised. For all remaining individually assessed loans, should a full loss be e<span class=\"_ _6\"></span>xpected, the pro<span class=\"_ _6\"></span>vision is set to the carrying value<span class=\"_ _6\"></span>, with all other individually assessed loans applying the gre<span class=\"_ _6\"></span>ater of either the modelled or individual assessment.<span class=\"_ _383\"> </span>The Group applies a modelled assessmen<span class=\"_ _6\"></span>t to all loans with no individually assessed pro<span class=\"_ _6\"></span>vision.<span class=\"_ _383\"> </span>IFR<span class=\"_ _1\"></span>S 9 mod<span class=\"_ _1\"></span>el<span class=\"_ _1\"></span>le<span class=\"_ _1\"></span>d imp<span class=\"_ _1\"></span>ai<span class=\"_ _1\"></span>rment<span class=\"_ _383\"> </span>Measurement of<span class=\"_ _6\"></span> ECL<span class=\"_ _383\"> </span>The assessment of cr<span class=\"_ _6\"></span>edit risk and the estimation of ECL<span class=\"_ _6\"></span> are unbiased and pr<span class=\"_ _6\"></span>obability weight<span class=\"_ _6\"></span>ed. The ECL calculation is a produc<span class=\"_ _6\"></span>t of an individual loan<span class=\"_ _8\"></span>\u2019<span class=\"_ _6\"></span>s probability of def<span class=\"_ _6\"></span>ault (PD), exposur<span class=\"_ _6\"></span>e at default (EAD<span class=\"_ _6\"></span>) and loss given def<span class=\"_ _6\"></span>ault (L<span class=\"_ _8\"></span>GD) discounted at the EIR. The ECL<span class=\"_ _6\"></span> drivers o<span class=\"_ _6\"></span>f PD<span class=\"_ _8\"></span>, EAD and<span class=\"_ _1\"></span> L<span class=\"_ _8\"></span>GD are modelled at an account lev<span class=\"_ _6\"></span>el. The assessment of whether a SICR has occurred is based on quan<span class=\"_ _6\"></span>titative r<span class=\"_ _6\"></span>elative PD thr<span class=\"_ _6\"></span>esholds and a suite of qualitativ<span class=\"_ _6\"></span>e triggers<span class=\"_ _6\"></span>.<span class=\"_ _383\"> </span>In accordance with PRA CO<span class=\"_ _6\"></span>VID-19 guidance<span class=\"_ _6\"></span>, the Group did not automatically consider the tak<span class=\"_ _8\"></span>e-up of customer paymen<span class=\"_ _6\"></span>t deferr<span class=\"_ _6\"></span>als during the pandemic to be an indication of a SICR and, in the absence of other indicat<span class=\"_ _6\"></span>ors such as pre<span class=\"_ _6\"></span>vious arrear<span class=\"_ _6\"></span>s, lo<span class=\"_ _6\"></span>w credit score or high o<span class=\"_ _6\"></span>ther indebtedness<span class=\"_ _6\"></span>, the staging of these lo<span class=\"_ _6\"></span>ans remains unchanged in its ECL c<span class=\"_ _6\"></span>alculations.<span class=\"_ _383\"> </span>Sign<span class=\"_ _1\"></span>i\ufb01c<span class=\"_ _1\"></span>ant inc<span class=\"_ _1\"></span>re<span class=\"_ _1\"></span>as<span class=\"_ _1\"></span>e in cre<span class=\"_ _1\"></span>dit r<span class=\"_ _1\"></span>isk (movem<span class=\"_ _1\"></span>ent to s<span class=\"_ _1\"></span>tag<span class=\"_ _1\"></span>e 2)<span class=\"_ _383\"> </span>The Group<span class=\"_ _8\"></span>\u2019<span class=\"_ _6\"></span>s transf<span class=\"_ _6\"></span>er criteria determine what constitutes a SICR<span class=\"_ _6\"></span>, which results in an e<span class=\"_ _6\"></span>xposure being mo<span class=\"_ _6\"></span>ved fr<span class=\"_ _6\"></span>om stage 1 to s<span class=\"_ _6\"></span>tage 2.<span class=\"_ _383\"> </span>At the point o<span class=\"_ _6\"></span>f initial recognition, a loan is assigned a PD estimat<span class=\"_ _6\"></span>e. For each month<span class=\"_ _6\"></span>ly reporting date thereafter<span class=\"_ _8\"></span>, an updated PD estimate is computed. The Group<span class=\"_ _8\"></span>\u2019<span class=\"_ _6\"></span>s transf<span class=\"_ _6\"></span>er criteria analyses relativ<span class=\"_ _6\"></span>e changes in PD ver<span class=\"_ _6\"></span>sus the PD assigned at the point of origination, toge<span class=\"_ _6\"></span>ther with qualitative trigger<span class=\"_ _6\"></span>s using both internal indicat<span class=\"_ _6\"></span>ors, such as f<span class=\"_ _6\"></span>orbearance<span class=\"_ _6\"></span>, and external inf<span class=\"_ _6\"></span>ormation, such as changes in income and adverse cr<span class=\"_ _6\"></span>edit information to assess f<span class=\"_ _6\"></span>or SICR. In the ev<span class=\"_ _8\"></span>ent that given early warning trigger<span class=\"_ _6\"></span>s have not alr<span class=\"_ _6\"></span>eady identi\ufb01ed SICR<span class=\"_ _6\"></span>, an account more than 30 days pas<span class=\"_ _6\"></span>t due is considered to hav<span class=\"_ _6\"></span>e experienced a SICR.<span class=\"_ _383\"> </span>A borro<span class=\"_ _6\"></span>wer will mo<span class=\"_ _6\"></span>ve back int<span class=\"_ _6\"></span>o stage 1 only if the SICR de\ufb01nition is no longer trigger<span class=\"_ _6\"></span>ed.<span class=\"_ _383\"> </span>De\ufb01<span class=\"_ _1\"></span>nitio<span class=\"_ _1\"></span>n of def<span class=\"_ _1\"></span>ault (movem<span class=\"_ _1\"></span>ent to s<span class=\"_ _1\"></span>tag<span class=\"_ _1\"></span>e 3)<span class=\"_ _383\"> </span>The Group uses a number of quan<span class=\"_ _6\"></span>titative and qualitativ<span class=\"_ _8\"></span>e criteria to determine whether an account meets the de\ufb01nition of def<span class=\"_ _6\"></span>ault and theref<span class=\"_ _6\"></span>ore mov<span class=\"_ _6\"></span>es to stage 3<span class=\"_ _6\"></span>. The criteria curren<span class=\"_ _6\"></span>tly include:<span class=\"_ _383\"> </span>\u2022 <span class=\"_ _124\"> </span><span class=\"ws2\">If an acc<span class=\"_ _1\"></span>ount is more than 90 days pas<span class=\"_ _6\"></span>t due. </span>\u2022 <span class=\"_ _124\"> </span><span class=\"ws2\">Accounts that have mov<span class=\"_ _6\"></span>ed into an un<span class=\"_ _6\"></span>lik<span class=\"_ _6\"></span>ely to pay position, which includes forbear<span class=\"_ _6\"></span>ance, bankruptcy, r<span class=\"_ _6\"></span>epossession and interes<span class=\"_ _6\"></span>t-only term </span>expiry.<span class=\"_ _383\"> </span>A borro<span class=\"_ _6\"></span>wer will mo<span class=\"_ _6\"></span>ve out of s<span class=\"_ _6\"></span>tage 3 when its cre<span class=\"_ _6\"></span>dit risk improv<span class=\"_ _6\"></span>es such that it no longer meets the 90 days past due and unlik<span class=\"_ _8\"></span>ely to pay criteria and following this has complet<span class=\"_ _6\"></span>ed an internally appr<span class=\"_ _6\"></span>ove<span class=\"_ _6\"></span>d probation period. The borro<span class=\"_ _6\"></span>wer will mo<span class=\"_ _8\"></span>ve to stage 1 or s<span class=\"_ _6\"></span>tage 2 dependent on whether the SICR applies.<span class=\"_ _383\"> </span>Forward-looking<span class=\"_ _6\"></span> macroeconomic scenarios<span class=\"_ _383\"> </span>The risk of default and ECL<span class=\"_ _6\"></span> loss assessments tak<span class=\"_ _8\"></span>e into consideration e<span class=\"_ _6\"></span>xpectations of economic changes that are deemed to be r<span class=\"_ _6\"></span>easonably possible.<span class=\"_ _383\"> </span>The Group conducts analysis to det<span class=\"_ _6\"></span>ermine the most signi\ufb01cant f<span class=\"_ _6\"></span>actors which may in\ufb02uence the lik<span class=\"_ _8\"></span>elihood of an exposure de<span class=\"_ _6\"></span>faulting in the future<span class=\"_ _6\"></span>. The macroeconomic factors r<span class=\"_ _6\"></span>elate to the HPI, unemployment r<span class=\"_ _8\"></span>ate (UR), Consumer Pric<span class=\"_ _1\"></span>e Index (CPI), Gr<span class=\"_ _6\"></span>oss domestic pro<span class=\"_ _6\"></span>duct (GDP), Commercial Real Es<span class=\"_ _6\"></span>tate Index (<span class=\"_ _6\"></span>CRE) and the Bank of England Base Rate (BBR).<span class=\"_ _383\"> </span>The Group has de<span class=\"_ _6\"></span>veloped an appro<span class=\"_ _6\"></span>ach for factoring pr<span class=\"_ _6\"></span>obability-weigh<span class=\"_ _6\"></span>ted macroeconomic forecas<span class=\"_ _6\"></span>ts into ECL<span class=\"_ _6\"></span> calculations, adjus<span class=\"_ _6\"></span>ting PD and L<span class=\"_ _8\"></span>GD estimates<span class=\"_ _6\"></span>. The macroeconomic scenarios feed directly int<span class=\"_ _6\"></span>o the ECL calculation, as the adjust<span class=\"_ _6\"></span>ed PD<span class=\"_ _8\"></span>, lifetime PD and L<span class=\"_ _6\"></span>GD estimates ar<span class=\"_ _6\"></span>e used within the individual account ECL allo<span class=\"_ _6\"></span>wance calculations<span class=\"_ _6\"></span>.<span class=\"_ _383\"> </span>The Group sources economic for<span class=\"_ _6\"></span>ecast information fr<span class=\"_ _6\"></span>om an appropriately quali\ufb01ed thir<span class=\"_ _6\"></span>d party when determining scenarios. The Group consider<span class=\"_ _6\"></span>s four probability-<span class=\"_ _6\"></span>weight<span class=\"_ _6\"></span>ed scenarios, base<span class=\"_ _6\"></span>, upside, do<span class=\"_ _6\"></span>wnside and sev<span class=\"_ _6\"></span>ere downside scenarios<span class=\"_ _8\"></span>.<span class=\"_ _1\"></span> The base case is also utilised within the Group<span class=\"_ _8\"></span>\u2019<span class=\"_ _8\"></span>s impairment forecasting pr<span class=\"_ _6\"></span>ocess which in turn feeds the wider business planning processes. The ECL models are also use<span class=\"_ _6\"></span>d to set the Group<span class=\"_ _8\"></span>\u2019<span class=\"_ _8\"></span>s credit risk appetite thresholds and limits<span class=\"_ _6\"></span>.<span class=\"_ _383\"> </span>Peri<span class=\"_ _1\"></span>od ove<span class=\"_ _1\"></span>r wh<span class=\"_ _1\"></span>ich EC<span class=\"_ _1\"></span>L is me<span class=\"_ _1\"></span>as<span class=\"_ _1\"></span>ure<span class=\"_ _1\"></span>d ECL is measure<span class=\"_ _6\"></span>d from the initial recognition of the asset which is the dat<span class=\"_ _6\"></span>e at which the loan is originated or the date a loan is purchase<span class=\"_ _6\"></span>d and at each balance sheet date thereafter<span class=\"_ _8\"></span>. The maximum period considered when measuring ECL (<span class=\"_ _8\"></span>either 12 months or lifetime ECL) is the maximum contractual perio<span class=\"_ _6\"></span>d ov<span class=\"_ _6\"></span>er which the Group is exposed t<span class=\"_ _6\"></span>o the credit risk of the asset. For modelling purposes<span class=\"_ _8\"></span>, the Group considers the contractual maturity of the loan produc<span class=\"_ _6\"></span>t and then considers the behavioural tr<span class=\"_ _6\"></span>ends of the asset.<span class=\"_ _383\"> </span>Purchased or ori<span class=\"_ _6\"></span>ginated credi<span class=\"_ _6\"></span>t impaired (POCI)<span class=\"_ _383\"> </span>Acquired loans that meet the Gr<span class=\"_ _6\"></span>oup<span class=\"_ _8\"></span>\u2019<span class=\"_ _6\"></span>s de\ufb01nition of def<span class=\"_ _6\"></span>ault (90 days past due or an unlik<span class=\"_ _8\"></span>ely to pay position) at acquisition are treat<span class=\"_ _6\"></span>ed as POCI assets<span class=\"_ _6\"></span>. These assets attract a lif<span class=\"_ _6\"></span>etime ECL allo<span class=\"_ _6\"></span>wance o<span class=\"_ _6\"></span>ver the full term of the lo<span class=\"_ _6\"></span>an, even when these lo<span class=\"_ _6\"></span>ans no longer meet the de\ufb01nition of def<span class=\"_ _6\"></span>ault post acquisition. The Gr<span class=\"_ _6\"></span>oup does not originate credit-impaire<span class=\"_ _6\"></span>d loans.<span class=\"_ _383\"> </span>Intercomp<span class=\"_ _1\"></span>any loans<span class=\"_ _383\"> </span>Inter<span class=\"_ _6\"></span>company receivables in the Company \ufb01nancial statemen<span class=\"_ _6\"></span>ts are assessed for ECL<span class=\"_ _6\"></span> based on an assessment of the PD and L<span class=\"_ _1f6\"></span>GD, discoun<span class=\"_ _6\"></span>ted to a net present v<span class=\"_ _6\"></span>alue. Other \ufb01nan<span class=\"_ _1\"></span>cial ass<span class=\"_ _1\"></span>ets<span class=\"_ _383\"> </span>Other \ufb01nancial assets comprise cash balances with the Bank of England (BoE) and other credit ins<span class=\"_ _6\"></span>titutions and high grade in<span class=\"_ _6\"></span>ves<span class=\"_ _6\"></span>tment securities. The Group deems the lik<span class=\"_ _8\"></span>elihood of default across these counterparties as lo<span class=\"_ _6\"></span>w and does not recognise a provision agains<span class=\"_ _6\"></span>t the carrying balances.<span class=\"_ _383\"> </span>",
   "dimensions": {
    "concept": "ifrs-full:DescriptionOfAccountingPolicyForImpairmentOfAssetsExplanatory",
    "language": "en",
    "entity": "scheme:213800ZBKL9BHSL2K459",
    "period": "2022-01-01T00:00:00/2023-01-01T00:00:00"
   }
  },
  "fact-603": {
   "value": "<span class=\"_ _383\">m)\u2002Intangible a</span><span class=\"_ _1\"></span>ss<span class=\"_ _1\"></span>ets<span class=\"_ _383\"> </span>Purchased softw<span class=\"_ _6\"></span>are and costs dir<span class=\"_ _6\"></span>ectly associated with the dev<span class=\"_ _6\"></span>elopment of computer so<span class=\"_ _6\"></span>ftware are capit<span class=\"_ _6\"></span>alised as intangible assets wher<span class=\"_ _6\"></span>e the software is a unique and iden<span class=\"_ _6\"></span>ti\ufb01able asset controlle<span class=\"_ _6\"></span>d by the Group and will generat<span class=\"_ _6\"></span>e future economic bene\ufb01ts<span class=\"_ _6\"></span>. Costs to es<span class=\"_ _6\"></span>tablish technological feasibility or to main<span class=\"_ _6\"></span>tain existing le<span class=\"_ _8\"></span>vels of performance are recognised as an e<span class=\"_ _6\"></span>xpense. The Group only r<span class=\"_ _6\"></span>ecognises internally gener<span class=\"_ _6\"></span>ated intangible assets if all of the follo<span class=\"_ _8\"></span>wing c<span class=\"_ _1\"></span>onditions are met:<span class=\"_ _383\"> </span>\u2022 <span class=\"_ _124\"> </span><span class=\"ws2\">an asset is being created that can be identi\ufb01ed after es<span class=\"_ _6\"></span>tablishing the technical and commercial feasibility o<span class=\"_ _6\"></span>f the resulting product;<span class=\"_ _383\"> </span></span>\u2022 <span class=\"_ _124\"> </span><span class=\"ws2\">it is probable that the asset created will gener<span class=\"_ _6\"></span>ate future economic bene\ufb01ts; and<span class=\"_ _383\"> </span></span>\u2022 <span class=\"_ _124\"> </span><span class=\"ws2\">the development cos<span class=\"_ _6\"></span>t of the asset can be measur<span class=\"_ _6\"></span>ed reliably.<span class=\"_ _383\"> </span></span><span class=\"_ _383\">m)\u2002Intangible a</span><span class=\"_ _1\"></span>ss<span class=\"_ _1\"></span>ets<span class=\"ff5 lsd4 ws46\"> c<span class=\"_ _1\"></span>ontinue<span class=\"_ _1\"></span>d<span class=\"_ _383\"> </span></span>Subsequent expenditur<span class=\"_ _6\"></span>e on an internally gener<span class=\"_ _6\"></span>ated int<span class=\"_ _6\"></span>angible asset, after its purchase or completion, is recognised as an e<span class=\"_ _6\"></span>xpense in the period in which it is incurred. Where no in<span class=\"_ _6\"></span>ternally generat<span class=\"_ _6\"></span>ed intangible asset can be r<span class=\"_ _6\"></span>ecognised, dev<span class=\"_ _6\"></span>elopment expenditur<span class=\"_ _6\"></span>e is recognised as an expense in the period in which it is incurred.<span class=\"_ _383\"> </span>Software-as-a-service (SaaS), is an arrangemen<span class=\"_ _6\"></span>t that provides the Gr<span class=\"_ _6\"></span>oup with the right to r<span class=\"_ _6\"></span>eceive access to the supplier\u2019<span class=\"_ _8\"></span>s application software in the future which is treat<span class=\"_ _6\"></span>ed as a service contract, rather than a so<span class=\"_ _6\"></span>ftware lease or the acquisition o<span class=\"_ _6\"></span>f a software in<span class=\"_ _6\"></span>tangible asset. An intangible asset is only r<span class=\"_ _6\"></span>ecognised if:<span class=\"_ _383\"> </span>\u2022 <span class=\"_ _124\"> </span><span class=\"ws2\">The Group has the contractual righ<span class=\"_ _6\"></span>t to tak<span class=\"_ _8\"></span>e possession of the software during the hos<span class=\"_ _6\"></span>ting period without signi\ufb01cant penalty; and<span class=\"_ _383\"> </span></span>\u2022 <span class=\"_ _124\"> </span><span class=\"ws2\">It is feasible for the Group to run the softw<span class=\"_ _6\"></span>are on its o<span class=\"_ _6\"></span>wn hardw<span class=\"_ _6\"></span>are or contr<span class=\"_ _6\"></span>act with a party unrelated to the supplier to hos<span class=\"_ _6\"></span>t the software<span class=\"_ _8\"></span>.<span class=\"_ _383\"> </span></span>The costs of con\ufb01guring or cus<span class=\"_ _6\"></span>tomising supplier application softwar<span class=\"_ _6\"></span>e in a SaaS arrangemen<span class=\"_ _6\"></span>t that is determined to be a service contract is recognised as an expense or pr<span class=\"_ _6\"></span>epayment. Where the con\ufb01gur<span class=\"_ _6\"></span>ation and customisation services are not dis<span class=\"_ _6\"></span>tinct from the right t<span class=\"_ _6\"></span>o receive access to the software<span class=\"_ _8\"></span>, then the c<span class=\"_ _1\"></span>osts ar<span class=\"_ _6\"></span>e recognised as an expense o<span class=\"_ _6\"></span>ver the term o<span class=\"_ _6\"></span>f the arrangement. Intangible assets ar<span class=\"_ _6\"></span>e re<span class=\"_ _6\"></span>view<span class=\"_ _6\"></span>ed for impairment semi-annually, and if they ar<span class=\"_ _6\"></span>e considered to be impair<span class=\"_ _6\"></span>ed, are written do<span class=\"_ _6\"></span>wn immediately to their recov<span class=\"_ _6\"></span>erable amoun<span class=\"_ _6\"></span>ts. Impairmen<span class=\"_ _6\"></span>t losses previously r<span class=\"_ _6\"></span>ecognised for intangible asse<span class=\"_ _6\"></span>ts, other than goodwill, ar<span class=\"_ _6\"></span>e re<span class=\"_ _6\"></span>versed when ther<span class=\"_ _6\"></span>e has been a change in the estimates used to de<span class=\"_ _6\"></span>termine the asset\u2019<span class=\"_ _1f6\"></span>s recover<span class=\"_ _6\"></span>able amount. An impairment loss r<span class=\"_ _6\"></span>ev<span class=\"_ _6\"></span>ersal is recognised in the Consolidated Statemen<span class=\"_ _6\"></span>t of Comprehensiv<span class=\"_ _6\"></span>e Income and the carrying amount of the asset is incre<span class=\"_ _6\"></span>ased to its recov<span class=\"_ _8\"></span>erable amount.<span class=\"_ _383\"> </span>Intangible assets ar<span class=\"_ _6\"></span>e amortised in pro\ufb01t or loss ov<span class=\"_ _8\"></span>er their estimated useful lives as f<span class=\"_ _6\"></span>ollows:<span class=\"_ _383\"> </span>Software and in<span class=\"_ _6\"></span>ternally generat<span class=\"_ _6\"></span>ed assets <span class=\"_ _23\"></span> <span class=\"_ _93\"> </span>5 year straigh<span class=\"_ _6\"></span>t line<span class=\"_ _383\"> </span>Developmen<span class=\"_ _6\"></span>t costs<span class=\"_ _6\"></span>, brand and technology <span class=\"_ _50\"> </span>4 year s<span class=\"_ _6\"></span>traigh<span class=\"_ _6\"></span>t line<span class=\"_ _383\"> </span>Brok<span class=\"_ _8\"></span>er relationships <span class=\"_ _f\"> </span> <span class=\"_ _93\"> </span> <span class=\"_ _93\"> </span> <span class=\"_ _93\"> </span>5 year pro\ufb01le<span class=\"_ _383\"> </span>Bank licence <span class=\"_ _76\"> </span> <span class=\"_ _9d\"> </span> <span class=\"_ _93\"> </span> <span class=\"_ _93\"> </span>3 year str<span class=\"_ _6\"></span>aight line<span class=\"_ _383\"> </span>For dev<span class=\"_ _6\"></span>elopment costs that ar<span class=\"_ _6\"></span>e under construction, no amortisation will be applied until the asset is available f<span class=\"_ _6\"></span>or use and is calculated using a full month when available f<span class=\"_ _6\"></span>or use. The Group re<span class=\"_ _6\"></span>view<span class=\"_ _6\"></span>s the amortisation period on an annual basis. If the expected use<span class=\"_ _6\"></span><span class=\"_ _383\">ful life of assets is diff</span><span class=\"_ _6\"></span>erent fr<span class=\"_ _6\"></span>om pre<span class=\"_ _6\"></span>vious assessments<span class=\"_ _6\"></span>, the amortisation period is changed accordingly.<span class=\"_ _383\">  </span><span class=\"_ _383\">n)\u2002Proper</span><span class=\"_ _1\"></span>ty, p<span class=\"_ _1\"></span>lant an<span class=\"_ _1\"></span>d equip<span class=\"_ _1\"></span>me<span class=\"_ _1\"></span>nt<span class=\"_ _383\"> </span>Property, plant and equipment comprise fr<span class=\"_ _6\"></span>eehold land and buildings, major alter<span class=\"_ _6\"></span><span class=\"_ _383\">ations to office premises</span><span class=\"_ _6\"></span>, computer equipment and \ufb01xtur<span class=\"_ _6\"></span>es measured at cost less accumulate<span class=\"_ _6\"></span>d depreciation. These assets are r<span class=\"_ _6\"></span>evie<span class=\"_ _6\"></span>wed f<span class=\"_ _6\"></span>or impairment annually, and if they are consider<span class=\"_ _6\"></span>ed to be impaired, are written do<span class=\"_ _6\"></span>wn immediately to their reco<span class=\"_ _6\"></span>ver<span class=\"_ _6\"></span>able amounts<span class=\"_ _6\"></span>.<span class=\"_ _383\"> </span>Items of property, plant and equipmen<span class=\"_ _6\"></span>t are depreciate<span class=\"_ _6\"></span>d on a straigh<span class=\"_ _6\"></span>t-line basis ov<span class=\"_ _6\"></span>er their estimated use<span class=\"_ _6\"></span>ful economic lives as follo<span class=\"_ _6\"></span>ws:<span class=\"_ _383\"> </span>Buildings <span class=\"_ _213\"></span>    50 <span class=\"_ _214\"></span>years<span class=\"_ _383\"> </span>Leasehold impr<span class=\"_ _6\"></span>ov<span class=\"_ _6\"></span>ements <span class=\"_ _aa\"> </span> <span class=\"_ _93\"> </span> <span class=\"_ _93\"> </span>10 years<span class=\"_ _383\"> </span>Equipment and \ufb01xtur<span class=\"_ _6\"></span>es <span class=\"_ _69\"> </span> <span class=\"_ _93\"> </span> <span class=\"_ _9d\"> </span>5 years<span class=\"_ _383\"> </span>Land, deemed to be 2<span class=\"_ _6\"></span>5% of purchase price of buildings<span class=\"_ _8\"></span>, is not depreciated. The cost of r<span class=\"_ _6\"></span>epairs and rene<span class=\"_ _6\"></span>wals is char<span class=\"_ _6\"></span>ged to pro<span class=\"_ _6\"></span>\ufb01t or loss in the period in which the expenditur<span class=\"_ _6\"></span>e is incurred.<span class=\"_ _383\"> </span>o<span class=\"_ _6\"></span><span class=\"_ _383\">)\u2002Invest</span><span class=\"_ _1\"></span>me<span class=\"_ _1\"></span>nt in subs<span class=\"_ _1\"></span>idiari<span class=\"_ _1\"></span>es<span class=\"_ _383\"> </span>In the Company\u2019<span class=\"_ _8\"></span>s \ufb01nancial statemen<span class=\"_ _6\"></span>ts, in<span class=\"_ _8\"></span>vestments in subsidiary undertakings are s<span class=\"_ _6\"></span>tated at cost less pr<span class=\"_ _6\"></span>ovision for any impairmen<span class=\"_ _6\"></span>t. A full list of the Company\u2019<span class=\"_ _1f6\"></span>s subsidiaries which are included in the Group<span class=\"_ _8\"></span>\u2019<span class=\"_ _6\"></span>s consolidated \ufb01nancial statemen<span class=\"_ _6\"></span>ts can be found in not<span class=\"_ _6\"></span>e 2 to the Company\u2019<span class=\"_ _1f6\"></span>s<span class=\"_ _1\"></span> \ufb01nancial statemen<span class=\"_ _6\"></span>ts on page 243.<span class=\"_ _383\"> </span>The Company performs an annual impairment assessment of it<span class=\"_ _6\"></span>s inv<span class=\"_ _6\"></span>estment in subsidiary undertakings<span class=\"_ _6\"></span>, assessing the carrying value of the inv<span class=\"_ _6\"></span>estment in each subsidiary agains<span class=\"_ _6\"></span>t the subsidiary\u2019<span class=\"_ _1f6\"></span>s net asset values at the reporting date for indication of impairmen<span class=\"_ _6\"></span>t. Where there is indication of impairment, the Company es<span class=\"_ _6\"></span>timates the subsidiary\u2019<span class=\"_ _1f6\"></span>s value in use by estimating future pr<span class=\"_ _6\"></span>o\ufb01tability and the impact on the net assets of the subsidiary. The Company recognises an impairment dir<span class=\"_ _6\"></span>ectly in pro\ufb01t or loss when the r<span class=\"_ _6\"></span>ecover<span class=\"_ _6\"></span>able amount, which is the great<span class=\"_ _6\"></span>er of the value in use or the fair value less cost<span class=\"_ _6\"></span>s to sell, is less than the carrying value of the in<span class=\"_ _6\"></span>ves<span class=\"_ _6\"></span>tment. Impairment<span class=\"_ _6\"></span>s are subsequently r<span class=\"_ _6\"></span>ev<span class=\"_ _6\"></span>ersed if the reco<span class=\"_ _6\"></span>ver<span class=\"_ _6\"></span>able amount ex<span class=\"_ _6\"></span>ceeds the carrying value.<span class=\"_ _383\"> </span>",
   "dimensions": {
    "concept": "ifrs-full:DescriptionOfAccountingPolicyForImpairmentOfNonfinancialAssetsExplanatory",
    "language": "en",
    "entity": "scheme:213800ZBKL9BHSL2K459",
    "period": "2022-01-01T00:00:00/2023-01-01T00:00:00"
   }
  },
  "fact-549": {
   "value": "<span class=\"_ _383\">m)\u2002Intangible a</span><span class=\"_ _1\"></span>ss<span class=\"_ _1\"></span>ets<span class=\"_ _383\"> </span>Purchased softw<span class=\"_ _6\"></span>are and costs dir<span class=\"_ _6\"></span>ectly associated with the dev<span class=\"_ _6\"></span>elopment of computer so<span class=\"_ _6\"></span>ftware are capit<span class=\"_ _6\"></span>alised as intangible assets wher<span class=\"_ _6\"></span>e the software is a unique and iden<span class=\"_ _6\"></span>ti\ufb01able asset controlle<span class=\"_ _6\"></span>d by the Group and will generat<span class=\"_ _6\"></span>e future economic bene\ufb01ts<span class=\"_ _6\"></span>. Costs to es<span class=\"_ _6\"></span>tablish technological feasibility or to main<span class=\"_ _6\"></span>tain existing le<span class=\"_ _8\"></span>vels of performance are recognised as an e<span class=\"_ _6\"></span>xpense. The Group only r<span class=\"_ _6\"></span>ecognises internally gener<span class=\"_ _6\"></span>ated intangible assets if all of the follo<span class=\"_ _8\"></span>wing c<span class=\"_ _1\"></span>onditions are met:<span class=\"_ _383\"> </span>\u2022 <span class=\"_ _124\"> </span><span class=\"ws2\">an asset is being created that can be identi\ufb01ed after es<span class=\"_ _6\"></span>tablishing the technical and commercial feasibility o<span class=\"_ _6\"></span>f the resulting product;<span class=\"_ _383\"> </span></span>\u2022 <span class=\"_ _124\"> </span><span class=\"ws2\">it is probable that the asset created will gener<span class=\"_ _6\"></span>ate future economic bene\ufb01ts; and<span class=\"_ _383\"> </span></span>\u2022 <span class=\"_ _124\"> </span><span class=\"ws2\">the development cos<span class=\"_ _6\"></span>t of the asset can be measur<span class=\"_ _6\"></span>ed reliably.<span class=\"_ _383\"> </span></span><span class=\"_ _383\">m)\u2002Intangible a</span><span class=\"_ _1\"></span>ss<span class=\"_ _1\"></span>ets<span class=\"ff5 lsd4 ws46\"> c<span class=\"_ _1\"></span>ontinue<span class=\"_ _1\"></span>d<span class=\"_ _383\"> </span></span>Subsequent expenditur<span class=\"_ _6\"></span>e on an internally gener<span class=\"_ _6\"></span>ated int<span class=\"_ _6\"></span>angible asset, after its purchase or completion, is recognised as an e<span class=\"_ _6\"></span>xpense in the period in which it is incurred. Where no in<span class=\"_ _6\"></span>ternally generat<span class=\"_ _6\"></span>ed intangible asset can be r<span class=\"_ _6\"></span>ecognised, dev<span class=\"_ _6\"></span>elopment expenditur<span class=\"_ _6\"></span>e is recognised as an expense in the period in which it is incurred.<span class=\"_ _383\"> </span>Software-as-a-service (SaaS), is an arrangemen<span class=\"_ _6\"></span>t that provides the Gr<span class=\"_ _6\"></span>oup with the right to r<span class=\"_ _6\"></span>eceive access to the supplier\u2019<span class=\"_ _8\"></span>s application software in the future which is treat<span class=\"_ _6\"></span>ed as a service contract, rather than a so<span class=\"_ _6\"></span>ftware lease or the acquisition o<span class=\"_ _6\"></span>f a software in<span class=\"_ _6\"></span>tangible asset. An intangible asset is only r<span class=\"_ _6\"></span>ecognised if:<span class=\"_ _383\"> </span>\u2022 <span class=\"_ _124\"> </span><span class=\"ws2\">The Group has the contractual righ<span class=\"_ _6\"></span>t to tak<span class=\"_ _8\"></span>e possession of the software during the hos<span class=\"_ _6\"></span>ting period without signi\ufb01cant penalty; and<span class=\"_ _383\"> </span></span>\u2022 <span class=\"_ _124\"> </span><span class=\"ws2\">It is feasible for the Group to run the softw<span class=\"_ _6\"></span>are on its o<span class=\"_ _6\"></span>wn hardw<span class=\"_ _6\"></span>are or contr<span class=\"_ _6\"></span>act with a party unrelated to the supplier to hos<span class=\"_ _6\"></span>t the software<span class=\"_ _8\"></span>.<span class=\"_ _383\"> </span></span>The costs of con\ufb01guring or cus<span class=\"_ _6\"></span>tomising supplier application softwar<span class=\"_ _6\"></span>e in a SaaS arrangemen<span class=\"_ _6\"></span>t that is determined to be a service contract is recognised as an expense or pr<span class=\"_ _6\"></span>epayment. Where the con\ufb01gur<span class=\"_ _6\"></span>ation and customisation services are not dis<span class=\"_ _6\"></span>tinct from the right t<span class=\"_ _6\"></span>o receive access to the software<span class=\"_ _8\"></span>, then the c<span class=\"_ _1\"></span>osts ar<span class=\"_ _6\"></span>e recognised as an expense o<span class=\"_ _6\"></span>ver the term o<span class=\"_ _6\"></span>f the arrangement. Intangible assets ar<span class=\"_ _6\"></span>e re<span class=\"_ _6\"></span>view<span class=\"_ _6\"></span>ed for impairment semi-annually, and if they ar<span class=\"_ _6\"></span>e considered to be impair<span class=\"_ _6\"></span>ed, are written do<span class=\"_ _6\"></span>wn immediately to their recov<span class=\"_ _6\"></span>erable amoun<span class=\"_ _6\"></span>ts. Impairmen<span class=\"_ _6\"></span>t losses previously r<span class=\"_ _6\"></span>ecognised for intangible asse<span class=\"_ _6\"></span>ts, other than goodwill, ar<span class=\"_ _6\"></span>e re<span class=\"_ _6\"></span>versed when ther<span class=\"_ _6\"></span>e has been a change in the estimates used to de<span class=\"_ _6\"></span>termine the asset\u2019<span class=\"_ _1f6\"></span>s recover<span class=\"_ _6\"></span>able amount. An impairment loss r<span class=\"_ _6\"></span>ev<span class=\"_ _6\"></span>ersal is recognised in the Consolidated Statemen<span class=\"_ _6\"></span>t of Comprehensiv<span class=\"_ _6\"></span>e Income and the carrying amount of the asset is incre<span class=\"_ _6\"></span>ased to its recov<span class=\"_ _8\"></span>erable amount.<span class=\"_ _383\"> </span>Intangible assets ar<span class=\"_ _6\"></span>e amortised in pro\ufb01t or loss ov<span class=\"_ _8\"></span>er their estimated useful lives as f<span class=\"_ _6\"></span>ollows:<span class=\"_ _383\"> </span>Software and in<span class=\"_ _6\"></span>ternally generat<span class=\"_ _6\"></span>ed assets <span class=\"_ _23\"></span> <span class=\"_ _93\"> </span>5 year straigh<span class=\"_ _6\"></span>t line<span class=\"_ _383\"> </span>Developmen<span class=\"_ _6\"></span>t costs<span class=\"_ _6\"></span>, brand and technology <span class=\"_ _50\"> </span>4 year s<span class=\"_ _6\"></span>traigh<span class=\"_ _6\"></span>t line<span class=\"_ _383\"> </span>Brok<span class=\"_ _8\"></span>er relationships <span class=\"_ _f\"> </span> <span class=\"_ _93\"> </span> <span class=\"_ _93\"> </span> <span class=\"_ _93\"> </span>5 year pro\ufb01le<span class=\"_ _383\"> </span>Bank licence <span class=\"_ _76\"> </span> <span class=\"_ _9d\"> </span> <span class=\"_ _93\"> </span> <span class=\"_ _93\"> </span>3 year str<span class=\"_ _6\"></span>aight line<span class=\"_ _383\"> </span>For dev<span class=\"_ _6\"></span>elopment costs that ar<span class=\"_ _6\"></span>e under construction, no amortisation will be applied until the asset is available f<span class=\"_ _6\"></span>or use and is calculated using a full month when available f<span class=\"_ _6\"></span>or use. The Group re<span class=\"_ _6\"></span>view<span class=\"_ _6\"></span>s the amortisation period on an annual basis. If the expected use<span class=\"_ _6\"></span><span class=\"_ _383\">ful life of assets is diff</span><span class=\"_ _6\"></span>erent fr<span class=\"_ _6\"></span>om pre<span class=\"_ _6\"></span>vious assessments<span class=\"_ _6\"></span>, the amortisation period is changed accordingly.",
   "dimensions": {
    "concept": "ifrs-full:DescriptionOfAccountingPolicyForIntangibleAssetsAndGoodwillExplanatory",
    "language": "en",
    "entity": "scheme:213800ZBKL9BHSL2K459",
    "period": "2022-01-01T00:00:00/2023-01-01T00:00:00"
   }
  },
  "fact-493": {
   "value": "<span class=\"_ _383\">m)\u2002Intangible a</span><span class=\"_ _1\"></span>ss<span class=\"_ _1\"></span>ets<span class=\"_ _383\"> </span>Purchased softw<span class=\"_ _6\"></span>are and costs dir<span class=\"_ _6\"></span>ectly associated with the dev<span class=\"_ _6\"></span>elopment of computer so<span class=\"_ _6\"></span>ftware are capit<span class=\"_ _6\"></span>alised as intangible assets wher<span class=\"_ _6\"></span>e the software is a unique and iden<span class=\"_ _6\"></span>ti\ufb01able asset controlle<span class=\"_ _6\"></span>d by the Group and will generat<span class=\"_ _6\"></span>e future economic bene\ufb01ts<span class=\"_ _6\"></span>. Costs to es<span class=\"_ _6\"></span>tablish technological feasibility or to main<span class=\"_ _6\"></span>tain existing le<span class=\"_ _8\"></span>vels of performance are recognised as an e<span class=\"_ _6\"></span>xpense. The Group only r<span class=\"_ _6\"></span>ecognises internally gener<span class=\"_ _6\"></span>ated intangible assets if all of the follo<span class=\"_ _8\"></span>wing c<span class=\"_ _1\"></span>onditions are met:<span class=\"_ _383\"> </span>\u2022 <span class=\"_ _124\"> </span><span class=\"ws2\">an asset is being created that can be identi\ufb01ed after es<span class=\"_ _6\"></span>tablishing the technical and commercial feasibility o<span class=\"_ _6\"></span>f the resulting product;<span class=\"_ _383\"> </span></span>\u2022 <span class=\"_ _124\"> </span><span class=\"ws2\">it is probable that the asset created will gener<span class=\"_ _6\"></span>ate future economic bene\ufb01ts; and<span class=\"_ _383\"> </span></span>\u2022 <span class=\"_ _124\"> </span><span class=\"ws2\">the development cos<span class=\"_ _6\"></span>t of the asset can be measur<span class=\"_ _6\"></span>ed reliably.<span class=\"_ _383\"> </span></span><span class=\"_ _383\">m)\u2002Intangible a</span><span class=\"_ _1\"></span>ss<span class=\"_ _1\"></span>ets<span class=\"ff5 lsd4 ws46\"> c<span class=\"_ _1\"></span>ontinue<span class=\"_ _1\"></span>d<span class=\"_ _383\"> </span></span>Subsequent expenditur<span class=\"_ _6\"></span>e on an internally gener<span class=\"_ _6\"></span>ated int<span class=\"_ _6\"></span>angible asset, after its purchase or completion, is recognised as an e<span class=\"_ _6\"></span>xpense in the period in which it is incurred. Where no in<span class=\"_ _6\"></span>ternally generat<span class=\"_ _6\"></span>ed intangible asset can be r<span class=\"_ _6\"></span>ecognised, dev<span class=\"_ _6\"></span>elopment expenditur<span class=\"_ _6\"></span>e is recognised as an expense in the period in which it is incurred.<span class=\"_ _383\"> </span>Software-as-a-service (SaaS), is an arrangemen<span class=\"_ _6\"></span>t that provides the Gr<span class=\"_ _6\"></span>oup with the right to r<span class=\"_ _6\"></span>eceive access to the supplier\u2019<span class=\"_ _8\"></span>s application software in the future which is treat<span class=\"_ _6\"></span>ed as a service contract, rather than a so<span class=\"_ _6\"></span>ftware lease or the acquisition o<span class=\"_ _6\"></span>f a software in<span class=\"_ _6\"></span>tangible asset. An intangible asset is only r<span class=\"_ _6\"></span>ecognised if:<span class=\"_ _383\"> </span>\u2022 <span class=\"_ _124\"> </span><span class=\"ws2\">The Group has the contractual righ<span class=\"_ _6\"></span>t to tak<span class=\"_ _8\"></span>e possession of the software during the hos<span class=\"_ _6\"></span>ting period without signi\ufb01cant penalty; and<span class=\"_ _383\"> </span></span>\u2022 <span class=\"_ _124\"> </span><span class=\"ws2\">It is feasible for the Group to run the softw<span class=\"_ _6\"></span>are on its o<span class=\"_ _6\"></span>wn hardw<span class=\"_ _6\"></span>are or contr<span class=\"_ _6\"></span>act with a party unrelated to the supplier to hos<span class=\"_ _6\"></span>t the software<span class=\"_ _8\"></span>.<span class=\"_ _383\"> </span></span>The costs of con\ufb01guring or cus<span class=\"_ _6\"></span>tomising supplier application softwar<span class=\"_ _6\"></span>e in a SaaS arrangemen<span class=\"_ _6\"></span>t that is determined to be a service contract is recognised as an expense or pr<span class=\"_ _6\"></span>epayment. Where the con\ufb01gur<span class=\"_ _6\"></span>ation and customisation services are not dis<span class=\"_ _6\"></span>tinct from the right t<span class=\"_ _6\"></span>o receive access to the software<span class=\"_ _8\"></span>, then the c<span class=\"_ _1\"></span>osts ar<span class=\"_ _6\"></span>e recognised as an expense o<span class=\"_ _6\"></span>ver the term o<span class=\"_ _6\"></span>f the arrangement. Intangible assets ar<span class=\"_ _6\"></span>e re<span class=\"_ _6\"></span>view<span class=\"_ _6\"></span>ed for impairment semi-annually, and if they ar<span class=\"_ _6\"></span>e considered to be impair<span class=\"_ _6\"></span>ed, are written do<span class=\"_ _6\"></span>wn immediately to their recov<span class=\"_ _6\"></span>erable amoun<span class=\"_ _6\"></span>ts. Impairmen<span class=\"_ _6\"></span>t losses previously r<span class=\"_ _6\"></span>ecognised for intangible asse<span class=\"_ _6\"></span>ts, other than goodwill, ar<span class=\"_ _6\"></span>e re<span class=\"_ _6\"></span>versed when ther<span class=\"_ _6\"></span>e has been a change in the estimates used to de<span class=\"_ _6\"></span>termine the asset\u2019<span class=\"_ _1f6\"></span>s recover<span class=\"_ _6\"></span>able amount. An impairment loss r<span class=\"_ _6\"></span>ev<span class=\"_ _6\"></span>ersal is recognised in the Consolidated Statemen<span class=\"_ _6\"></span>t of Comprehensiv<span class=\"_ _6\"></span>e Income and the carrying amount of the asset is incre<span class=\"_ _6\"></span>ased to its recov<span class=\"_ _8\"></span>erable amount.<span class=\"_ _383\"> </span>Intangible assets ar<span class=\"_ _6\"></span>e amortised in pro\ufb01t or loss ov<span class=\"_ _8\"></span>er their estimated useful lives as f<span class=\"_ _6\"></span>ollows:<span class=\"_ _383\"> </span>Software and in<span class=\"_ _6\"></span>ternally generat<span class=\"_ _6\"></span>ed assets <span class=\"_ _23\"></span> <span class=\"_ _93\"> </span>5 year straigh<span class=\"_ _6\"></span>t line<span class=\"_ _383\"> </span>Developmen<span class=\"_ _6\"></span>t costs<span class=\"_ _6\"></span>, brand and technology <span class=\"_ _50\"> </span>4 year s<span class=\"_ _6\"></span>traigh<span class=\"_ _6\"></span>t line<span class=\"_ _383\"> </span>Brok<span class=\"_ _8\"></span>er relationships <span class=\"_ _f\"> </span> <span class=\"_ _93\"> </span> <span class=\"_ _93\"> </span> <span class=\"_ _93\"> </span>5 year pro\ufb01le<span class=\"_ _383\"> </span>Bank licence <span class=\"_ _76\"> </span> <span class=\"_ _9d\"> </span> <span class=\"_ _93\"> </span> <span class=\"_ _93\"> </span>3 year str<span class=\"_ _6\"></span>aight line<span class=\"_ _383\"> </span>For dev<span class=\"_ _6\"></span>elopment costs that ar<span class=\"_ _6\"></span>e under construction, no amortisation will be applied until the asset is available f<span class=\"_ _6\"></span>or use and is calculated using a full month when available f<span class=\"_ _6\"></span>or use. The Group re<span class=\"_ _6\"></span>view<span class=\"_ _6\"></span>s the amortisation period on an annual basis. If the expected use<span class=\"_ _6\"></span><span class=\"_ _383\">ful life of assets is diff</span><span class=\"_ _6\"></span>erent fr<span class=\"_ _6\"></span>om pre<span class=\"_ _6\"></span>vious assessments<span class=\"_ _6\"></span>, the amortisation period is changed accordingly.",
   "dimensions": {
    "concept": "ifrs-full:DescriptionOfAccountingPolicyForIntangibleAssetsOtherThanGoodwillExplanatory",
    "language": "en",
    "entity": "scheme:213800ZBKL9BHSL2K459",
    "period": "2022-01-01T00:00:00/2023-01-01T00:00:00"
   }
  },
  "fact-494": {
   "value": "<span class=\"_ _383\">n)\u2002Proper</span><span class=\"_ _1\"></span>ty, p<span class=\"_ _1\"></span>lant an<span class=\"_ _1\"></span>d equip<span class=\"_ _1\"></span>me<span class=\"_ _1\"></span>nt<span class=\"_ _383\"> </span>Property, plant and equipment comprise fr<span class=\"_ _6\"></span>eehold land and buildings, major alter<span class=\"_ _6\"></span><span class=\"_ _383\">ations to office premises</span><span class=\"_ _6\"></span>, computer equipment and \ufb01xtur<span class=\"_ _6\"></span>es measured at cost less accumulate<span class=\"_ _6\"></span>d depreciation. These assets are r<span class=\"_ _6\"></span>evie<span class=\"_ _6\"></span>wed f<span class=\"_ _6\"></span>or impairment annually, and if they are consider<span class=\"_ _6\"></span>ed to be impaired, are written do<span class=\"_ _6\"></span>wn immediately to their reco<span class=\"_ _6\"></span>ver<span class=\"_ _6\"></span>able amounts<span class=\"_ _6\"></span>.<span class=\"_ _383\"> </span>Items of property, plant and equipmen<span class=\"_ _6\"></span>t are depreciate<span class=\"_ _6\"></span>d on a straigh<span class=\"_ _6\"></span>t-line basis ov<span class=\"_ _6\"></span>er their estimated use<span class=\"_ _6\"></span>ful economic lives as follo<span class=\"_ _6\"></span>ws:<span class=\"_ _383\"> </span>Buildings <span class=\"_ _213\"></span>    50 <span class=\"_ _214\"></span>years<span class=\"_ _383\"> </span>Leasehold impr<span class=\"_ _6\"></span>ov<span class=\"_ _6\"></span>ements <span class=\"_ _aa\"> </span> <span class=\"_ _93\"> </span> <span class=\"_ _93\"> </span>10 years<span class=\"_ _383\"> </span>Equipment and \ufb01xtur<span class=\"_ _6\"></span>es <span class=\"_ _69\"> </span> <span class=\"_ _93\"> </span> <span class=\"_ _9d\"> </span>5 years<span class=\"_ _383\"> </span>Land, deemed to be 2<span class=\"_ _6\"></span>5% of purchase price of buildings<span class=\"_ _8\"></span>, is not depreciated. The cost of r<span class=\"_ _6\"></span>epairs and rene<span class=\"_ _6\"></span>wals is char<span class=\"_ _6\"></span>ged to pro<span class=\"_ _6\"></span>\ufb01t or loss in the period in which the expenditur<span class=\"_ _6\"></span>e is incurred.<span class=\"_ _383\"> </span>",
   "dimensions": {
    "concept": "ifrs-full:DescriptionOfAccountingPolicyForPropertyPlantAndEquipmentExplanatory",
    "language": "en",
    "entity": "scheme:213800ZBKL9BHSL2K459",
    "period": "2022-01-01T00:00:00/2023-01-01T00:00:00"
   }
  },
  "fact-550": {
   "value": "<span class=\"_ _383\">n)\u2002Proper</span><span class=\"_ _1\"></span>ty, p<span class=\"_ _1\"></span>lant an<span class=\"_ _1\"></span>d equip<span class=\"_ _1\"></span>me<span class=\"_ _1\"></span>nt<span class=\"_ _383\"> </span>Property, plant and equipment comprise fr<span class=\"_ _6\"></span>eehold land and buildings, major alter<span class=\"_ _6\"></span><span class=\"_ _383\">ations to office premises</span><span class=\"_ _6\"></span>, computer equipment and \ufb01xtur<span class=\"_ _6\"></span>es measured at cost less accumulate<span class=\"_ _6\"></span>d depreciation. These assets are r<span class=\"_ _6\"></span>evie<span class=\"_ _6\"></span>wed f<span class=\"_ _6\"></span>or impairment annually, and if they are consider<span class=\"_ _6\"></span>ed to be impaired, are written do<span class=\"_ _6\"></span>wn immediately to their reco<span class=\"_ _6\"></span>ver<span class=\"_ _6\"></span>able amounts<span class=\"_ _6\"></span>.<span class=\"_ _383\"> </span>Items of property, plant and equipmen<span class=\"_ _6\"></span>t are depreciate<span class=\"_ _6\"></span>d on a straigh<span class=\"_ _6\"></span>t-line basis ov<span class=\"_ _6\"></span>er their estimated use<span class=\"_ _6\"></span>ful economic lives as follo<span class=\"_ _6\"></span>ws:<span class=\"_ _383\"> </span>Buildings <span class=\"_ _213\"></span>    50 <span class=\"_ _214\"></span>years<span class=\"_ _383\"> </span>Leasehold impr<span class=\"_ _6\"></span>ov<span class=\"_ _6\"></span>ements <span class=\"_ _aa\"> </span> <span class=\"_ _93\"> </span> <span class=\"_ _93\"> </span>10 years<span class=\"_ _383\"> </span>Equipment and \ufb01xtur<span class=\"_ _6\"></span>es <span class=\"_ _69\"> </span> <span class=\"_ _93\"> </span> <span class=\"_ _9d\"> </span>5 years<span class=\"_ _383\"> </span>Land, deemed to be 2<span class=\"_ _6\"></span>5% of purchase price of buildings<span class=\"_ _8\"></span>, is not depreciated. The cost of r<span class=\"_ _6\"></span>epairs and rene<span class=\"_ _6\"></span>wals is char<span class=\"_ _6\"></span>ged to pro<span class=\"_ _6\"></span>\ufb01t or loss in the period in which the expenditur<span class=\"_ _6\"></span>e is incurred.<span class=\"_ _383\"> </span>",
   "dimensions": {
    "concept": "ifrs-full:DescriptionOfAccountingPolicyForDepreciationExpenseExplanatory",
    "language": "en",
    "entity": "scheme:213800ZBKL9BHSL2K459",
    "period": "2022-01-01T00:00:00/2023-01-01T00:00:00"
   }
  },
  "fact-589": {
   "value": "The cost of r<span class=\"_ _6\"></span>epairs and rene<span class=\"_ _6\"></span>wals is char<span class=\"_ _6\"></span>ged to pro<span class=\"_ _6\"></span>\ufb01t or loss in the period in which the expenditur<span class=\"_ _6\"></span>e is incurred.<span class=\"_ _383\"> </span>",
   "dimensions": {
    "concept": "ifrs-full:DescriptionOfAccountingPolicyForRepairsAndMaintenanceExplanatory",
    "language": "en",
    "entity": "scheme:213800ZBKL9BHSL2K459",
    "period": "2022-01-01T00:00:00/2023-01-01T00:00:00"
   }
  },
  "fact-495": {
   "value": "o<span class=\"_ _6\"></span><span class=\"_ _383\">)\u2002Invest</span><span class=\"_ _1\"></span>me<span class=\"_ _1\"></span>nt in subs<span class=\"_ _1\"></span>idiari<span class=\"_ _1\"></span>es<span class=\"_ _383\"> </span>In the Company\u2019<span class=\"_ _8\"></span>s \ufb01nancial statemen<span class=\"_ _6\"></span>ts, in<span class=\"_ _8\"></span>vestments in subsidiary undertakings are s<span class=\"_ _6\"></span>tated at cost less pr<span class=\"_ _6\"></span>ovision for any impairmen<span class=\"_ _6\"></span>t. A full list of the Company\u2019<span class=\"_ _1f6\"></span>s subsidiaries which are included in the Group<span class=\"_ _8\"></span>\u2019<span class=\"_ _6\"></span>s consolidated \ufb01nancial statemen<span class=\"_ _6\"></span>ts can be found in not<span class=\"_ _6\"></span>e 2 to the Company\u2019<span class=\"_ _1f6\"></span>s<span class=\"_ _1\"></span> \ufb01nancial statemen<span class=\"_ _6\"></span>ts on page 243.<span class=\"_ _383\"> </span>The Company performs an annual impairment assessment of it<span class=\"_ _6\"></span>s inv<span class=\"_ _6\"></span>estment in subsidiary undertakings<span class=\"_ _6\"></span>, assessing the carrying value of the inv<span class=\"_ _6\"></span>estment in each subsidiary agains<span class=\"_ _6\"></span>t the subsidiary\u2019<span class=\"_ _1f6\"></span>s net asset values at the reporting date for indication of impairmen<span class=\"_ _6\"></span>t. Where there is indication of impairment, the Company es<span class=\"_ _6\"></span>timates the subsidiary\u2019<span class=\"_ _1f6\"></span>s value in use by estimating future pr<span class=\"_ _6\"></span>o\ufb01tability and the impact on the net assets of the subsidiary. The Company recognises an impairment dir<span class=\"_ _6\"></span>ectly in pro\ufb01t or loss when the r<span class=\"_ _6\"></span>ecover<span class=\"_ _6\"></span>able amount, which is the great<span class=\"_ _6\"></span>er of the value in use or the fair value less cost<span class=\"_ _6\"></span>s to sell, is less than the carrying value of the in<span class=\"_ _6\"></span>ves<span class=\"_ _6\"></span>tment. Impairment<span class=\"_ _6\"></span>s are subsequently r<span class=\"_ _6\"></span>ev<span class=\"_ _6\"></span>ersed if the reco<span class=\"_ _6\"></span>ver<span class=\"_ _6\"></span>able amount ex<span class=\"_ _6\"></span>ceeds the carrying value.<span class=\"_ _383\"> </span>",
   "dimensions": {
    "concept": "ifrs-full:DescriptionOfAccountingPolicyForSubsidiariesExplanatory",
    "language": "en",
    "entity": "scheme:213800ZBKL9BHSL2K459",
    "period": "2022-01-01T00:00:00/2023-01-01T00:00:00"
   }
  },
  "fact-610": {
   "value": "o<span class=\"_ _6\"></span><span class=\"_ _383\">)\u2002Invest</span><span class=\"_ _1\"></span>me<span class=\"_ _1\"></span>nt in subs<span class=\"_ _1\"></span>idiari<span class=\"_ _1\"></span>es<span class=\"_ _383\"> </span>In the Company\u2019<span class=\"_ _8\"></span>s \ufb01nancial statemen<span class=\"_ _6\"></span>ts, in<span class=\"_ _8\"></span>vestments in subsidiary undertakings are s<span class=\"_ _6\"></span>tated at cost less pr<span class=\"_ _6\"></span>ovision for any impairmen<span class=\"_ _6\"></span>t. A full list of the Company\u2019<span class=\"_ _1f6\"></span>s subsidiaries which are included in the Group<span class=\"_ _8\"></span>\u2019<span class=\"_ _6\"></span>s consolidated \ufb01nancial statemen<span class=\"_ _6\"></span>ts can be found in not<span class=\"_ _6\"></span>e 2 to the Company\u2019<span class=\"_ _1f6\"></span>s<span class=\"_ _1\"></span> \ufb01nancial statemen<span class=\"_ _6\"></span>ts on page 243.<span class=\"_ _383\"> </span>The Company performs an annual impairment assessment of it<span class=\"_ _6\"></span>s inv<span class=\"_ _6\"></span>estment in subsidiary undertakings<span class=\"_ _6\"></span>, assessing the carrying value of the inv<span class=\"_ _6\"></span>estment in each subsidiary agains<span class=\"_ _6\"></span>t the subsidiary\u2019<span class=\"_ _1f6\"></span>s net asset values at the reporting date for indication of impairmen<span class=\"_ _6\"></span>t. Where there is indication of impairment, the Company es<span class=\"_ _6\"></span>timates the subsidiary\u2019<span class=\"_ _1f6\"></span>s value in use by estimating future pr<span class=\"_ _6\"></span>o\ufb01tability and the impact on the net assets of the subsidiary. The Company recognises an impairment dir<span class=\"_ _6\"></span>ectly in pro\ufb01t or loss when the r<span class=\"_ _6\"></span>ecover<span class=\"_ _6\"></span>able amount, which is the great<span class=\"_ _6\"></span>er of the value in use or the fair value less cost<span class=\"_ _6\"></span>s to sell, is less than the carrying value of the in<span class=\"_ _6\"></span>ves<span class=\"_ _6\"></span>tment. Impairment<span class=\"_ _6\"></span>s are subsequently r<span class=\"_ _6\"></span>ev<span class=\"_ _6\"></span>ersed if the reco<span class=\"_ _6\"></span>ver<span class=\"_ _6\"></span>able amount ex<span class=\"_ _6\"></span>ceeds the carrying value.<span class=\"_ _383\"> </span>p<span class=\"_ _6\"></span><span class=\"_ _383\">)\u2002Financial instrum</span><span class=\"_ _1\"></span>ents<span class=\"_ _383\"> </span><span class=\"_ _383\">i.\u2002Rec</span><span class=\"_ _1\"></span>ogn<span class=\"_ _1\"></span>ition<span class=\"_ _383\"> </span>The Group initially recognises loans and adv<span class=\"_ _6\"></span>ances, deposits<span class=\"_ _6\"></span>, debt securities issued and subordinated liabilities on the dat<span class=\"_ _6\"></span>e on which they are originated or acquired. All o<span class=\"_ _6\"></span>ther \ufb01nancial instruments ar<span class=\"_ _6\"></span>e accounted for on the tr<span class=\"_ _6\"></span>ade date which is when the Group becomes a party to the contractual pr<span class=\"_ _6\"></span>ovisions o<span class=\"_ _6\"></span>f the instrument. For \ufb01nancial instrument<span class=\"_ _6\"></span>s classi\ufb01ed as amortised cost or FVOCI, the Gr<span class=\"_ _6\"></span>oup initially recognises \ufb01nancial assets and \ufb01nancial liabilities at fair v<span class=\"_ _6\"></span>alue plus transaction income or cost<span class=\"_ _6\"></span>s that are directly attributable t<span class=\"_ _6\"></span>o its origination, acquisition or issue. Financial ins<span class=\"_ _6\"></span>truments classi\ufb01ed as amortised cost are subsequen<span class=\"_ _6\"></span>tly measured using the EIR method. T<span class=\"_ _8\"></span>ransaction costs r<span class=\"_ _6\"></span>elating to the acquisition or issue of a \ufb01nancial ins<span class=\"_ _6\"></span>trument at FVTPL are recognised in the pro<span class=\"_ _6\"></span>\ufb01t or loss as incurred. A<span class=\"_ _8\"></span>T1 securities are designated as equity instrumen<span class=\"_ _6\"></span>ts and recognised at fair v<span class=\"_ _6\"></span>alue on the date of issuance in equity along with incremen<span class=\"_ _6\"></span>tal costs directly attributable to the issuance of equity ins<span class=\"_ _6\"></span>truments<span class=\"_ _8\"></span>.<span class=\"_ _383\"> </span><span class=\"_ _383\">ii.\u2002</span><span class=\"_ _6\"></span>Classi\ufb01cation<span class=\"_ _383\"> </span>The Group classi\ufb01es \ufb01nancial instrumen<span class=\"_ _6\"></span>ts based on the business model and the contr<span class=\"_ _6\"></span>actual cash \ufb02o<span class=\"_ _6\"></span>w characteris<span class=\"_ _6\"></span>tics of the \ufb01nancial instrumen<span class=\"_ _6\"></span>ts. Under IFRS 9<span class=\"_ _1f6\"></span>, the Group classi\ufb01es \ufb01nancial assets in<span class=\"_ _6\"></span>to one of three measur<span class=\"_ _6\"></span>ement categories:<span class=\"_ _383\"> </span>\u2022 <span class=\"_ _124\"> </span><span class=\"ff2 ws2\">Amor<span class=\"_ _1\"></span>tised c<span class=\"_ _1\"></span>ost<span class=\"ff1\"> \u2013 assets in a business model to hold \ufb01nancial assets in or<span class=\"_ _6\"></span>der to collect contrac<span class=\"_ _6\"></span>tual cash \ufb02ows<span class=\"_ _8\"></span>, where the contractual terms o<span class=\"_ _6\"></span>f </span></span>the \ufb01nancial asset give rise on speci\ufb01ed dates t<span class=\"_ _6\"></span>o cash \ufb02ows that ar<span class=\"_ _6\"></span>e solely payments of principal and in<span class=\"_ _6\"></span>teres<span class=\"_ _6\"></span>t (SPPI) on the principal amount outstanding. \u2022 <span class=\"_ _124\"> </span><span class=\"ff2 lsee wsf3\">F<span class=\"_ _2\"></span>VO<span class=\"_ _1\"></span>C<span class=\"_ _1\"></span>I<span class=\"_ _2\"></span></span><span class=\"ws2\"> \u2013 assets held in a business model which collects contr<span class=\"_ _6\"></span>actual cash \ufb02ow<span class=\"_ _6\"></span>s and sells \ufb01nancial assets where the contr<span class=\"_ _6\"></span>actual terms of the </span>\ufb01nancial assets give rise on speci\ufb01ed dat<span class=\"_ _6\"></span>es to cash \ufb02ows that ar<span class=\"_ _6\"></span>e SPPI on the principal amount outs<span class=\"_ _6\"></span>tanding. \u2022 <span class=\"_ _124\"> </span><span class=\"ff2\">F<span class=\"_ _1\"></span>V<span class=\"_ _1\"></span>TPL</span><span class=\"ws2\"> \u2013 assets not measured at amortised cost or FV<span class=\"_ _8\"></span>OCI. The Group measures derivativ<span class=\"_ _6\"></span>es, an acquir<span class=\"_ _6\"></span>ed mortgage por<span class=\"_ _1\"></span>tfolio and an </span>inv<span class=\"_ _6\"></span>estment security under this cate<span class=\"_ _6\"></span>gory. The Group classi\ufb01es non-derivativ<span class=\"_ _6\"></span>e \ufb01nancial liabilities as measured at amortised cost.<span class=\"_ _383\"> </span>The Group has no non-derivativ<span class=\"_ _6\"></span>e \ufb01nancial assets or liabilities classi\ufb01ed as held for tr<span class=\"_ _6\"></span>ading. The Group reassesses it<span class=\"_ _6\"></span>s business models each reporting period.<span class=\"_ _383\"> </span>The Group classi\ufb01es certain \ufb01nancial instruments as e<span class=\"_ _6\"></span>quity where they meet the follo<span class=\"_ _6\"></span>wing conditions:<span class=\"_ _383\"> </span>\u2022 <span class=\"_ _124\"> </span><span class=\"ws2\">the \ufb01nancial instrument includes no contr<span class=\"_ _6\"></span>actual obligation to deliver cash or another \ufb01nancial asse<span class=\"_ _6\"></span>t on potentially unf<span class=\"_ _6\"></span>avour<span class=\"_ _6\"></span>able conditions;<span class=\"_ _383\"> </span></span>\u2022 <span class=\"_ _124\"> </span><span class=\"ws2\">the \ufb01nancial instrument is a non-derivativ<span class=\"_ _6\"></span>e that includes no contractual obligation f<span class=\"_ _6\"></span>or the issuer to deliver a v<span class=\"_ _6\"></span>ariable number of its own e<span class=\"_ _6\"></span>quity </span>instrument<span class=\"_ _6\"></span>s; or<span class=\"_ _383\"> </span>\u2022 <span class=\"_ _124\"> </span><span class=\"ws2\">the \ufb01nancial instrument is a derivativ<span class=\"_ _6\"></span>e that will be settled only by the issuer ex<span class=\"_ _6\"></span>changing a \ufb01xed amount o<span class=\"_ _6\"></span>f cash or another \ufb01nancial asset for </span>a \ufb01xed number of it<span class=\"_ _6\"></span>s own equity ins<span class=\"_ _6\"></span>truments<span class=\"_ _6\"></span>.<span class=\"_ _383\"> </span>During the year equity \ufb01nancial instrumen<span class=\"_ _6\"></span>ts comprised own shar<span class=\"_ _6\"></span>es, and A<span class=\"_ _1f6\"></span>T1 securities (2021: and non-controlling in<span class=\"_ _6\"></span>terest securities). Accor<span class=\"_ _6\"></span>dingly, the coupons paid on the non-controlling int<span class=\"_ _6\"></span>erest securities and A<span class=\"_ _1f6\"></span>T1 securities are recognised directly in retaine<span class=\"_ _6\"></span><span class=\"_ _383\">d earnings when paid.\u2003</span><span class=\"_ _383\">iii.\u2002D</span><span class=\"_ _1\"></span>ere<span class=\"_ _1\"></span>co<span class=\"_ _1\"></span>gnit<span class=\"_ _1\"></span>ion<span class=\"_ _383\"> </span>The Group derecognises \ufb01nancial assets when the con<span class=\"_ _6\"></span>tractual righ<span class=\"_ _6\"></span>ts to the cash \ufb02ow<span class=\"_ _6\"></span>s expire or the Gr<span class=\"_ _6\"></span>oup transf<span class=\"_ _6\"></span>ers subst<span class=\"_ _6\"></span>antially all risk<span class=\"_ _6\"></span>s and re<span class=\"_ _6\"></span>war<span class=\"_ _6\"></span>ds of owner<span class=\"_ _6\"></span>ship of the \ufb01nancial asset. <span class=\"_ _383\">The Group off</span><span class=\"_ _6\"></span>ers re<span class=\"_ _6\"></span>\ufb01nancing options to customer<span class=\"_ _6\"></span>s which have been assessed within the principles of IFR<span class=\"_ _6\"></span>S 9 and rele<span class=\"_ _6\"></span>vant guidance. The assessment concludes the original mortgage asset is derecognised at the re\ufb01nancing poin<span class=\"_ _6\"></span>t with a new \ufb01nancial asset r<span class=\"_ _6\"></span>ecognised.<span class=\"_ _383\"> </span>The forbear<span class=\"_ _6\"></span><span class=\"_ _383\">ance measures offer</span><span class=\"_ _6\"></span>ed by the Group are consider<span class=\"_ _6\"></span>ed a modi\ufb01cation ev<span class=\"_ _8\"></span>ent as the contractual cash \ufb02o<span class=\"_ _6\"></span>ws are r<span class=\"_ _6\"></span>enegotiated or otherwise modi\ufb01ed. The Group considers the r<span class=\"_ _6\"></span>enegotiated or modi\ufb01ed cash \ufb02o<span class=\"_ _8\"></span>ws are not a substantial mo<span class=\"_ _6\"></span>di\ufb01cation from the contr<span class=\"_ _6\"></span>actual cash \ufb02ow<span class=\"_ _6\"></span>s and does not consider that forbearance measur<span class=\"_ _6\"></span>es give rise to a der<span class=\"_ _6\"></span>ecognition even<span class=\"_ _6\"></span>t. Financial liabilities are derecognised only when the obligation is dischar<span class=\"_ _6\"></span>ged, cancelled or has expir<span class=\"_ _6\"></span>ed.<span class=\"_ _383\"> </span><span class=\"_ _383\">iv.\u2002Offse</span><span class=\"_ _1\"></span>tti<span class=\"_ _1\"></span>ng<span class=\"_ _383\"> </span>Financial assets and \ufb01nancial liabilities are o<span class=\"_ _6\"></span><span class=\"_ _383\">ffset and the net amount pr</span><span class=\"_ _6\"></span>esented in the Consolidated S<span class=\"_ _6\"></span>tatement o<span class=\"_ _6\"></span>f Financial Position when, and only when, the Group curren<span class=\"_ _6\"></span>tly has a legally enfor<span class=\"_ _6\"></span><span class=\"_ _383\">ceable right to off</span><span class=\"_ _6\"></span>set the amounts and it in<span class=\"_ _6\"></span>tends either to settle them on a net basis or to r<span class=\"_ _6\"></span>ealise the asset and settle the liability simultaneously. The Group<span class=\"_ _8\"></span>\u2019<span class=\"_ _6\"></span>s derivativ<span class=\"_ _6\"></span>es are cov<span class=\"_ _6\"></span>ered by indus<span class=\"_ _6\"></span>try standar<span class=\"_ _6\"></span>d master netting agr<span class=\"_ _6\"></span>eements<span class=\"_ _6\"></span>. Master netting agr<span class=\"_ _6\"></span>eements creat<span class=\"_ _6\"></span>e a right of set-o<span class=\"_ _6\"></span><span class=\"_ _383\">ff that </span>becomes enforceable only follo<span class=\"_ _8\"></span>wing a spe<span class=\"_ _1\"></span>ci\ufb01ed ev<span class=\"_ _6\"></span>ent of de<span class=\"_ _6\"></span>fault or in other circums<span class=\"_ _6\"></span>tances not expected to arise in the normal cour<span class=\"_ _6\"></span>se of business<span class=\"_ _6\"></span>. These arrangemen<span class=\"_ _6\"></span><span class=\"_ _383\">ts do not qualify for off</span><span class=\"_ _6\"></span>setting and as such the Group reports derivativ<span class=\"_ _6\"></span>es on a gross basis<span class=\"_ _6\"></span>.<span class=\"_ _383\"> </span>Collateral in r<span class=\"_ _6\"></span>espect of derivatives is subject t<span class=\"_ _6\"></span>o the standar<span class=\"_ _6\"></span>d industry terms of In<span class=\"_ _6\"></span>ternational Sw<span class=\"_ _6\"></span>aps and Derivatives Association (ISD<span class=\"_ _6\"></span>A) Credit Support Annex. This means that the cash r<span class=\"_ _6\"></span>eceived or given as collater<span class=\"_ _6\"></span>al can be pledged or used during the term o<span class=\"_ _6\"></span>f the transaction but mus<span class=\"_ _6\"></span>t be returned on maturity of the tr<span class=\"_ _8\"></span>ansaction. The terms also give each counterparty the right to terminate the r<span class=\"_ _6\"></span>elated tr<span class=\"_ _6\"></span>ansactions upon the counterparty\u2019<span class=\"_ _1f6\"></span>s failure to post collater<span class=\"_ _6\"></span>al. Collateral paid or receiv<span class=\"_ _6\"></span><span class=\"_ _383\">ed does not qualify for off</span><span class=\"_ _6\"></span>setting and is recognised in loans and advances to credit ins<span class=\"_ _6\"></span>titutions and amounts o<span class=\"_ _6\"></span>wed to cr<span class=\"_ _6\"></span>edit institutions<span class=\"_ _6\"></span>, respectiv<span class=\"_ _6\"></span>ely.<span class=\"_ _383\"> </span>v<span class=\"_ _6\"></span><span class=\"_ _383\">.\u2002Amo</span><span class=\"_ _1\"></span>rti<span class=\"_ _1\"></span>se<span class=\"_ _1\"></span>d co<span class=\"_ _1\"></span>st me<span class=\"_ _1\"></span>as<span class=\"_ _1\"></span>ure<span class=\"_ _1\"></span>me<span class=\"_ _1\"></span>nt<span class=\"_ _383\"> </span>The amortised cost of a \ufb01nancial asset or \ufb01nancial liability is the amount at which the \ufb01nancial asset or \ufb01nancial liability is measur<span class=\"_ _6\"></span>ed at initial recognition, less principal payments or r<span class=\"_ _6\"></span>eceipts, plus or minus the cumulativ<span class=\"_ _6\"></span><span class=\"_ _383\">e amortisation using the EIR method of any difference betw</span><span class=\"_ _6\"></span>een the initial amount recognised and the maturity amoun<span class=\"_ _6\"></span>t, minus any reduction for impairmen<span class=\"_ _6\"></span>t of assets<span class=\"_ _6\"></span>.<span class=\"_ _383\"> </span><span class=\"_ _383\">vi.\u2002Fa</span><span class=\"_ _1\"></span>ir valu<span class=\"_ _1\"></span>e me<span class=\"_ _1\"></span>asur<span class=\"_ _1\"></span>em<span class=\"_ _1\"></span>ent<span class=\"_ _383\"> </span>Fair value is the price that would be r<span class=\"_ _6\"></span>eceived to sell an asset or paid to tr<span class=\"_ _8\"></span>ansfer a liability in an orderly transaction be<span class=\"_ _6\"></span>tween mark<span class=\"_ _8\"></span>et par<span class=\"_ _1\"></span>ticipants at the measurement dat<span class=\"_ _6\"></span>e in the principal or<span class=\"_ _8\"></span>, in its absence, the most adv<span class=\"_ _6\"></span>antageous mark<span class=\"_ _8\"></span>et to which the Group has access at that date. When available, the Gr<span class=\"_ _6\"></span>oup measures the f<span class=\"_ _6\"></span>air value of an instrumen<span class=\"_ _6\"></span>t using the quoted price in an activ<span class=\"_ _6\"></span>e mark<span class=\"_ _6\"></span>et for that ins<span class=\"_ _6\"></span>trument. A mark<span class=\"_ _8\"></span>et is<span class=\"_ _1\"></span> regar<span class=\"_ _6\"></span>ded as active if tr<span class=\"_ _6\"></span>ansactions for the asset or liability tak<span class=\"_ _8\"></span><span class=\"_ _383\">e place with sufficient frequency and v</span><span class=\"_ _6\"></span>olume to pro<span class=\"_ _6\"></span>vide pricing information on an ongoing basis. The Gr<span class=\"_ _6\"></span>oup measures its in<span class=\"_ _6\"></span>ves<span class=\"_ _6\"></span>tment securities and Perpetual Subordinat<span class=\"_ _6\"></span>ed Bonds (PSBs) at fair value using quoted mark<span class=\"_ _8\"></span>et prices where available<span class=\"_ _6\"></span><span class=\"_ _383\">. \u2003</span>If there is no quoted price in an activ<span class=\"_ _6\"></span>e mark<span class=\"_ _8\"></span>et, then the Group uses valuation techniques that maximise the use of rele<span class=\"_ _6\"></span>vant observable inputs and minimise the use of unobservable inputs. The Group uses SONIA curves to value it<span class=\"_ _6\"></span>s derivatives<span class=\"_ _8\"></span>, previously a combination of LIBOR and SONIA curves<span class=\"_ _6\"></span>. The fair value of the Gr<span class=\"_ _6\"></span>oup<span class=\"_ _6\"></span>\u2019<span class=\"_ _8\"></span>s derivative \ufb01nancial instrument<span class=\"_ _6\"></span>s incorporates cre<span class=\"_ _6\"></span>dit valuation adjustmen<span class=\"_ _6\"></span>ts (C<span class=\"_ _8\"></span>V<span class=\"_ _6\"></span>A) and debit valuation adjustmen<span class=\"_ _6\"></span>ts (D<span class=\"_ _6\"></span>V<span class=\"_ _8\"></span>A). The DV<span class=\"_ _1f6\"></span>A and CV<span class=\"_ _1f6\"></span>A take in<span class=\"_ _6\"></span>to account the respective cr<span class=\"_ _6\"></span>edit ratings o<span class=\"_ _6\"></span>f the Group<span class=\"_ _8\"></span>\u2019<span class=\"_ _6\"></span>s two banking en<span class=\"_ _6\"></span>tities and counterparty and whether the derivative is collater<span class=\"_ _6\"></span>alised or not. Derivativ<span class=\"_ _6\"></span>es are valued using discoun<span class=\"_ _6\"></span>ted cash \ufb02ow models and observable mark<span class=\"_ _8\"></span>et data and are sensitiv<span class=\"_ _6\"></span>e to benchmark inter<span class=\"_ _6\"></span>est and basis rat<span class=\"_ _6\"></span>e curves. The fair value of in<span class=\"_ _6\"></span>ves<span class=\"_ _6\"></span>tment securities held at FVTPL is measured using a discounted cash \ufb02o<span class=\"_ _6\"></span>w model.<span class=\"_ _383\"> </span><span class=\"_ _383\">vii.\u2002I</span><span class=\"_ _1\"></span>de<span class=\"_ _1\"></span>nti\ufb01c<span class=\"_ _1\"></span>ation a<span class=\"_ _1\"></span>nd m<span class=\"_ _1\"></span>eas<span class=\"_ _1\"></span>ure<span class=\"_ _1\"></span>me<span class=\"_ _1\"></span>nt of imp<span class=\"_ _1\"></span>air<span class=\"_ _1\"></span>men<span class=\"_ _1\"></span>t of \ufb01n<span class=\"_ _1\"></span>anci<span class=\"_ _1\"></span>al as<span class=\"_ _1\"></span>se<span class=\"_ _1\"></span>ts<span class=\"_ _383\"> </span>The Group assesses all \ufb01nancial assets f<span class=\"_ _6\"></span>or impairment. Loans a<span class=\"_ _1\"></span>nd adva<span class=\"_ _1\"></span>nc<span class=\"_ _1\"></span>es to cu<span class=\"_ _1\"></span>stom<span class=\"_ _1\"></span>ers<span class=\"_ _383\"> </span>The Group uses the IFRS 9 thr<span class=\"_ _6\"></span>ee-stage ECL appr<span class=\"_ _6\"></span>oach for measuring impairmen<span class=\"_ _6\"></span>t. The three impairment st<span class=\"_ _6\"></span>ages are as follo<span class=\"_ _6\"></span>ws:<span class=\"_ _383\"> </span>\u2022 <span class=\"_ _124\"> </span><span class=\"ff2 ws2\">Stage 1<span class=\"ff1\"> \u2013 a 12 month ECL allow<span class=\"_ _8\"></span>anc<span class=\"_ _1\"></span>e is recognised where ther<span class=\"_ _6\"></span>e is no signi\ufb01cant increase in cr<span class=\"_ _6\"></span>edit risk (SICR) since initial recognition.<span class=\"_ _383\"> </span></span></span>\u2022 <span class=\"_ _124\"> </span><span class=\"ff2 ws2\">Stage 2<span class=\"ff1\"> \u2013 a lifetime ECL allow<span class=\"_ _8\"></span>anc<span class=\"_ _1\"></span>e is recognised for assets wher<span class=\"_ _6\"></span>e a SICR is identi\ufb01ed since initial recognition. The assessment o<span class=\"_ _6\"></span>f whether </span></span>credit risk has incre<span class=\"_ _6\"></span>ased signi\ufb01cantly since initial recognition is performed for each r<span class=\"_ _6\"></span>eporting period for the life of the loan.<span class=\"_ _383\"> </span>\u2022 <span class=\"_ _124\"> </span><span class=\"ff2 ws2\">Stage 3<span class=\"ff1\"> \u2013 requires objective e<span class=\"_ _8\"></span>videnc<span class=\"_ _1\"></span>e that an asset is credit impair<span class=\"_ _6\"></span>ed, at which point a lifetime ECL<span class=\"_ _6\"></span> allow<span class=\"_ _6\"></span>ance is recognised.<span class=\"_ _383\"> </span></span></span>The Group measures impairmen<span class=\"_ _6\"></span>t through the use of individual and mo<span class=\"_ _6\"></span>delled assessments<span class=\"_ _6\"></span>. Individual assessment<span class=\"_ _383\"> </span>The Group<span class=\"_ _8\"></span>\u2019<span class=\"_ _6\"></span>s pro<span class=\"_ _6\"></span>visioning process requir<span class=\"_ _6\"></span>es individual assessment for high exposur<span class=\"_ _6\"></span>e or higher risk loans<span class=\"_ _6\"></span>, where La<span class=\"_ _6\"></span>w of Property Act (LP<span class=\"_ _8\"></span>A) receivers have been appoint<span class=\"_ _6\"></span>ed, the property is tak<span class=\"_ _6\"></span>en into possession or ther<span class=\"_ _6\"></span>e are other e<span class=\"_ _6\"></span>vent<span class=\"_ _6\"></span>s that suggest a high probability o<span class=\"_ _6\"></span>f credit loss<span class=\"_ _6\"></span>. Loans ar<span class=\"_ _6\"></span>e considered at a connection lev<span class=\"_ _6\"></span>el, i.e<span class=\"_ _6\"></span>. including all loans connected to the cust<span class=\"_ _6\"></span>omer<span class=\"_ _8\"></span>. The Group estimat<span class=\"_ _6\"></span>es cash \ufb02ows fr<span class=\"_ _6\"></span>om these loans, including e<span class=\"_ _6\"></span>xpected inter<span class=\"_ _6\"></span>est and principal paymen<span class=\"_ _6\"></span>ts, r<span class=\"_ _6\"></span>ental or sale pr<span class=\"_ _6\"></span>oceeds, selling and other costs<span class=\"_ _6\"></span>. The Group obtains up-to-dat<span class=\"_ _6\"></span>e independent valuations for pr<span class=\"_ _6\"></span>operties put up for sale. For all individually assessed loans with a con\ufb01rmed sale, should the pr<span class=\"_ _6\"></span>esent value o<span class=\"_ _6\"></span>f estimated futur<span class=\"_ _6\"></span>e cash \ufb02ows discoun<span class=\"_ _6\"></span>ted at the original EIR be less than the carrying value of the loan, a pr<span class=\"_ _6\"></span>ovision is r<span class=\"_ _6\"></span><span class=\"_ _383\">ecognised for the difference with such loans being classi\ufb01ed as impair</span><span class=\"_ _6\"></span>ed. How<span class=\"_ _6\"></span>ev<span class=\"_ _6\"></span>er<span class=\"_ _8\"></span>, should the present v<span class=\"_ _6\"></span>alue of the estimate<span class=\"_ _6\"></span>d future cash \ufb02o<span class=\"_ _6\"></span>ws exceed the carrying v<span class=\"_ _6\"></span>alue, no pro<span class=\"_ _8\"></span>vision is recognised. For all remaining individually assessed loans, should a full loss be e<span class=\"_ _6\"></span>xpected, the pro<span class=\"_ _6\"></span>vision is set to the carrying value<span class=\"_ _6\"></span>, with all other individually assessed loans applying the gre<span class=\"_ _6\"></span>ater of either the modelled or individual assessment.<span class=\"_ _383\"> </span>The Group applies a modelled assessmen<span class=\"_ _6\"></span>t to all loans with no individually assessed pro<span class=\"_ _6\"></span>vision.<span class=\"_ _383\"> </span>IFR<span class=\"_ _1\"></span>S 9 mod<span class=\"_ _1\"></span>el<span class=\"_ _1\"></span>le<span class=\"_ _1\"></span>d imp<span class=\"_ _1\"></span>ai<span class=\"_ _1\"></span>rment<span class=\"_ _383\"> </span>Measurement of<span class=\"_ _6\"></span> ECL<span class=\"_ _383\"> </span>The assessment of cr<span class=\"_ _6\"></span>edit risk and the estimation of ECL<span class=\"_ _6\"></span> are unbiased and pr<span class=\"_ _6\"></span>obability weight<span class=\"_ _6\"></span>ed. The ECL calculation is a produc<span class=\"_ _6\"></span>t of an individual loan<span class=\"_ _8\"></span>\u2019<span class=\"_ _6\"></span>s probability of def<span class=\"_ _6\"></span>ault (PD), exposur<span class=\"_ _6\"></span>e at default (EAD<span class=\"_ _6\"></span>) and loss given def<span class=\"_ _6\"></span>ault (L<span class=\"_ _8\"></span>GD) discounted at the EIR. The ECL<span class=\"_ _6\"></span> drivers o<span class=\"_ _6\"></span>f PD<span class=\"_ _8\"></span>, EAD and<span class=\"_ _1\"></span> L<span class=\"_ _8\"></span>GD are modelled at an account lev<span class=\"_ _6\"></span>el. The assessment of whether a SICR has occurred is based on quan<span class=\"_ _6\"></span>titative r<span class=\"_ _6\"></span>elative PD thr<span class=\"_ _6\"></span>esholds and a suite of qualitativ<span class=\"_ _6\"></span>e triggers<span class=\"_ _6\"></span>.<span class=\"_ _383\"> </span>In accordance with PRA CO<span class=\"_ _6\"></span>VID-19 guidance<span class=\"_ _6\"></span>, the Group did not automatically consider the tak<span class=\"_ _8\"></span>e-up of customer paymen<span class=\"_ _6\"></span>t deferr<span class=\"_ _6\"></span>als during the pandemic to be an indication of a SICR and, in the absence of other indicat<span class=\"_ _6\"></span>ors such as pre<span class=\"_ _6\"></span>vious arrear<span class=\"_ _6\"></span>s, lo<span class=\"_ _6\"></span>w credit score or high o<span class=\"_ _6\"></span>ther indebtedness<span class=\"_ _6\"></span>, the staging of these lo<span class=\"_ _6\"></span>ans remains unchanged in its ECL c<span class=\"_ _6\"></span>alculations.<span class=\"_ _383\"> </span>Sign<span class=\"_ _1\"></span>i\ufb01c<span class=\"_ _1\"></span>ant inc<span class=\"_ _1\"></span>re<span class=\"_ _1\"></span>as<span class=\"_ _1\"></span>e in cre<span class=\"_ _1\"></span>dit r<span class=\"_ _1\"></span>isk (movem<span class=\"_ _1\"></span>ent to s<span class=\"_ _1\"></span>tag<span class=\"_ _1\"></span>e 2)<span class=\"_ _383\"> </span>The Group<span class=\"_ _8\"></span>\u2019<span class=\"_ _6\"></span>s transf<span class=\"_ _6\"></span>er criteria determine what constitutes a SICR<span class=\"_ _6\"></span>, which results in an e<span class=\"_ _6\"></span>xposure being mo<span class=\"_ _6\"></span>ved fr<span class=\"_ _6\"></span>om stage 1 to s<span class=\"_ _6\"></span>tage 2.<span class=\"_ _383\"> </span>At the point o<span class=\"_ _6\"></span>f initial recognition, a loan is assigned a PD estimat<span class=\"_ _6\"></span>e. For each month<span class=\"_ _6\"></span>ly reporting date thereafter<span class=\"_ _8\"></span>, an updated PD estimate is computed. The Group<span class=\"_ _8\"></span>\u2019<span class=\"_ _6\"></span>s transf<span class=\"_ _6\"></span>er criteria analyses relativ<span class=\"_ _6\"></span>e changes in PD ver<span class=\"_ _6\"></span>sus the PD assigned at the point of origination, toge<span class=\"_ _6\"></span>ther with qualitative trigger<span class=\"_ _6\"></span>s using both internal indicat<span class=\"_ _6\"></span>ors, such as f<span class=\"_ _6\"></span>orbearance<span class=\"_ _6\"></span>, and external inf<span class=\"_ _6\"></span>ormation, such as changes in income and adverse cr<span class=\"_ _6\"></span>edit information to assess f<span class=\"_ _6\"></span>or SICR. In the ev<span class=\"_ _8\"></span>ent that given early warning trigger<span class=\"_ _6\"></span>s have not alr<span class=\"_ _6\"></span>eady identi\ufb01ed SICR<span class=\"_ _6\"></span>, an account more than 30 days pas<span class=\"_ _6\"></span>t due is considered to hav<span class=\"_ _6\"></span>e experienced a SICR.<span class=\"_ _383\"> </span>A borro<span class=\"_ _6\"></span>wer will mo<span class=\"_ _6\"></span>ve back int<span class=\"_ _6\"></span>o stage 1 only if the SICR de\ufb01nition is no longer trigger<span class=\"_ _6\"></span>ed.<span class=\"_ _383\"> </span>De\ufb01<span class=\"_ _1\"></span>nitio<span class=\"_ _1\"></span>n of def<span class=\"_ _1\"></span>ault (movem<span class=\"_ _1\"></span>ent to s<span class=\"_ _1\"></span>tag<span class=\"_ _1\"></span>e 3)<span class=\"_ _383\"> </span>The Group uses a number of quan<span class=\"_ _6\"></span>titative and qualitativ<span class=\"_ _8\"></span>e criteria to determine whether an account meets the de\ufb01nition of def<span class=\"_ _6\"></span>ault and theref<span class=\"_ _6\"></span>ore mov<span class=\"_ _6\"></span>es to stage 3<span class=\"_ _6\"></span>. The criteria curren<span class=\"_ _6\"></span>tly include:<span class=\"_ _383\"> </span>\u2022 <span class=\"_ _124\"> </span><span class=\"ws2\">If an acc<span class=\"_ _1\"></span>ount is more than 90 days pas<span class=\"_ _6\"></span>t due. </span>\u2022 <span class=\"_ _124\"> </span><span class=\"ws2\">Accounts that have mov<span class=\"_ _6\"></span>ed into an un<span class=\"_ _6\"></span>lik<span class=\"_ _6\"></span>ely to pay position, which includes forbear<span class=\"_ _6\"></span>ance, bankruptcy, r<span class=\"_ _6\"></span>epossession and interes<span class=\"_ _6\"></span>t-only term </span>expiry.<span class=\"_ _383\"> </span>A borro<span class=\"_ _6\"></span>wer will mo<span class=\"_ _6\"></span>ve out of s<span class=\"_ _6\"></span>tage 3 when its cre<span class=\"_ _6\"></span>dit risk improv<span class=\"_ _6\"></span>es such that it no longer meets the 90 days past due and unlik<span class=\"_ _8\"></span>ely to pay criteria and following this has complet<span class=\"_ _6\"></span>ed an internally appr<span class=\"_ _6\"></span>ove<span class=\"_ _6\"></span>d probation period. The borro<span class=\"_ _6\"></span>wer will mo<span class=\"_ _8\"></span>ve to stage 1 or s<span class=\"_ _6\"></span>tage 2 dependent on whether the SICR applies.<span class=\"_ _383\"> </span>Forward-looking<span class=\"_ _6\"></span> macroeconomic scenarios<span class=\"_ _383\"> </span>The risk of default and ECL<span class=\"_ _6\"></span> loss assessments tak<span class=\"_ _8\"></span>e into consideration e<span class=\"_ _6\"></span>xpectations of economic changes that are deemed to be r<span class=\"_ _6\"></span>easonably possible.<span class=\"_ _383\"> </span>The Group conducts analysis to det<span class=\"_ _6\"></span>ermine the most signi\ufb01cant f<span class=\"_ _6\"></span>actors which may in\ufb02uence the lik<span class=\"_ _8\"></span>elihood of an exposure de<span class=\"_ _6\"></span>faulting in the future<span class=\"_ _6\"></span>. The macroeconomic factors r<span class=\"_ _6\"></span>elate to the HPI, unemployment r<span class=\"_ _8\"></span>ate (UR), Consumer Pric<span class=\"_ _1\"></span>e Index (CPI), Gr<span class=\"_ _6\"></span>oss domestic pro<span class=\"_ _6\"></span>duct (GDP), Commercial Real Es<span class=\"_ _6\"></span>tate Index (<span class=\"_ _6\"></span>CRE) and the Bank of England Base Rate (BBR).<span class=\"_ _383\"> </span>The Group has de<span class=\"_ _6\"></span>veloped an appro<span class=\"_ _6\"></span>ach for factoring pr<span class=\"_ _6\"></span>obability-weigh<span class=\"_ _6\"></span>ted macroeconomic forecas<span class=\"_ _6\"></span>ts into ECL<span class=\"_ _6\"></span> calculations, adjus<span class=\"_ _6\"></span>ting PD and L<span class=\"_ _8\"></span>GD estimates<span class=\"_ _6\"></span>. The macroeconomic scenarios feed directly int<span class=\"_ _6\"></span>o the ECL calculation, as the adjust<span class=\"_ _6\"></span>ed PD<span class=\"_ _8\"></span>, lifetime PD and L<span class=\"_ _6\"></span>GD estimates ar<span class=\"_ _6\"></span>e used within the individual account ECL allo<span class=\"_ _6\"></span>wance calculations<span class=\"_ _6\"></span>.<span class=\"_ _383\"> </span>The Group sources economic for<span class=\"_ _6\"></span>ecast information fr<span class=\"_ _6\"></span>om an appropriately quali\ufb01ed thir<span class=\"_ _6\"></span>d party when determining scenarios. The Group consider<span class=\"_ _6\"></span>s four probability-<span class=\"_ _6\"></span>weight<span class=\"_ _6\"></span>ed scenarios, base<span class=\"_ _6\"></span>, upside, do<span class=\"_ _6\"></span>wnside and sev<span class=\"_ _6\"></span>ere downside scenarios<span class=\"_ _8\"></span>.<span class=\"_ _1\"></span> The base case is also utilised within the Group<span class=\"_ _8\"></span>\u2019<span class=\"_ _8\"></span>s impairment forecasting pr<span class=\"_ _6\"></span>ocess which in turn feeds the wider business planning processes. The ECL models are also use<span class=\"_ _6\"></span>d to set the Group<span class=\"_ _8\"></span>\u2019<span class=\"_ _8\"></span>s credit risk appetite thresholds and limits<span class=\"_ _6\"></span>.<span class=\"_ _383\"> </span>Peri<span class=\"_ _1\"></span>od ove<span class=\"_ _1\"></span>r wh<span class=\"_ _1\"></span>ich EC<span class=\"_ _1\"></span>L is me<span class=\"_ _1\"></span>as<span class=\"_ _1\"></span>ure<span class=\"_ _1\"></span>d ECL is measure<span class=\"_ _6\"></span>d from the initial recognition of the asset which is the dat<span class=\"_ _6\"></span>e at which the loan is originated or the date a loan is purchase<span class=\"_ _6\"></span>d and at each balance sheet date thereafter<span class=\"_ _8\"></span>. The maximum period considered when measuring ECL (<span class=\"_ _8\"></span>either 12 months or lifetime ECL) is the maximum contractual perio<span class=\"_ _6\"></span>d ov<span class=\"_ _6\"></span>er which the Group is exposed t<span class=\"_ _6\"></span>o the credit risk of the asset. For modelling purposes<span class=\"_ _8\"></span>, the Group considers the contractual maturity of the loan produc<span class=\"_ _6\"></span>t and then considers the behavioural tr<span class=\"_ _6\"></span>ends of the asset.<span class=\"_ _383\"> </span>Purchased or ori<span class=\"_ _6\"></span>ginated credi<span class=\"_ _6\"></span>t impaired (POCI)<span class=\"_ _383\"> </span>Acquired loans that meet the Gr<span class=\"_ _6\"></span>oup<span class=\"_ _8\"></span>\u2019<span class=\"_ _6\"></span>s de\ufb01nition of def<span class=\"_ _6\"></span>ault (90 days past due or an unlik<span class=\"_ _8\"></span>ely to pay position) at acquisition are treat<span class=\"_ _6\"></span>ed as POCI assets<span class=\"_ _6\"></span>. These assets attract a lif<span class=\"_ _6\"></span>etime ECL allo<span class=\"_ _6\"></span>wance o<span class=\"_ _6\"></span>ver the full term of the lo<span class=\"_ _6\"></span>an, even when these lo<span class=\"_ _6\"></span>ans no longer meet the de\ufb01nition of def<span class=\"_ _6\"></span>ault post acquisition. The Gr<span class=\"_ _6\"></span>oup does not originate credit-impaire<span class=\"_ _6\"></span>d loans.<span class=\"_ _383\"> </span>Intercomp<span class=\"_ _1\"></span>any loans<span class=\"_ _383\"> </span>Inter<span class=\"_ _6\"></span>company receivables in the Company \ufb01nancial statemen<span class=\"_ _6\"></span>ts are assessed for ECL<span class=\"_ _6\"></span> based on an assessment of the PD and L<span class=\"_ _1f6\"></span>GD, discoun<span class=\"_ _6\"></span>ted to a net present v<span class=\"_ _6\"></span>alue. Other \ufb01nan<span class=\"_ _1\"></span>cial ass<span class=\"_ _1\"></span>ets<span class=\"_ _383\"> </span>Other \ufb01nancial assets comprise cash balances with the Bank of England (BoE) and other credit ins<span class=\"_ _6\"></span>titutions and high grade in<span class=\"_ _6\"></span>ves<span class=\"_ _6\"></span>tment securities. The Group deems the lik<span class=\"_ _8\"></span>elihood of default across these counterparties as lo<span class=\"_ _6\"></span>w and does not recognise a provision agains<span class=\"_ _6\"></span>t the carrying balances.<span class=\"_ _383\"> </span>Share repurcha<span class=\"_ _6\"></span>se Upon Board authorisation of a shar<span class=\"_ _6\"></span>e repurchase pr<span class=\"_ _6\"></span>ogramme and signing an irr<span class=\"_ _6\"></span>ev<span class=\"_ _6\"></span>ocable agreement, a shar<span class=\"_ _6\"></span>e repurchase liability is r<span class=\"_ _6\"></span>ecognised in <span class=\"_ _383\">other liabilities with the offset in r</span><span class=\"_ _6\"></span>etained earnings<span class=\"_ _6\"></span>. Each share r<span class=\"_ _6\"></span>epurchase re<span class=\"_ _6\"></span>duces the provision. Upon shar<span class=\"_ _6\"></span>e cancellation, share capital is debited with a credit to the capit<span class=\"_ _6\"></span>al redemption reserve equal t<span class=\"_ _6\"></span>o \u00a30<span class=\"_ _6\"></span>.01 f<span class=\"_ _6\"></span>or each share cancelled.<span class=\"_ _383\"> </span><span class=\"_ _383\">q)\u2002Lo</span><span class=\"_ _1\"></span>ans and a<span class=\"_ _1\"></span>dvanc<span class=\"_ _1\"></span>es to c<span class=\"_ _1\"></span>ust<span class=\"_ _1\"></span>ome<span class=\"_ _1\"></span>rs<span class=\"_ _383\"> </span>Loans and adv<span class=\"_ _6\"></span>ances to customer<span class=\"_ _6\"></span>s are predominan<span class=\"_ _6\"></span>tly mortgage loans and advances to customer<span class=\"_ _6\"></span>s with \ufb01xed or determinable paymen<span class=\"_ _6\"></span>ts that are not quoted in an ac<span class=\"_ _6\"></span>tive mark<span class=\"_ _8\"></span>et and that the Group does not intend to sell in the near t<span class=\"_ _6\"></span>erm. They are initially recorde<span class=\"_ _6\"></span>d at fair value plus any directly attributable tr<span class=\"_ _6\"></span>ansaction costs and ar<span class=\"_ _6\"></span>e subsequently measured at amortised cost using the EIR method, less impairmen<span class=\"_ _6\"></span>t losses. Wher<span class=\"_ _6\"></span>e exposures ar<span class=\"_ _6\"></span>e hedged by derivativ<span class=\"_ _6\"></span>es, designate<span class=\"_ _6\"></span>d and qualifying as fair value hedges<span class=\"_ _6\"></span>, the fair value adjus<span class=\"_ _6\"></span>tment for the hedged risk t<span class=\"_ _6\"></span>o the carrying value of the hedged loans and adv<span class=\"_ _6\"></span>ances is reported in fair value adjus<span class=\"_ _6\"></span>tments for hedged asse<span class=\"_ _6\"></span>ts.<span class=\"_ _383\"> </span>Loans and the r<span class=\"_ _6\"></span>elated pro<span class=\"_ _6\"></span>vision are written o<span class=\"_ _6\"></span><span class=\"_ _383\">ff when there is a shortfall remaining after the underlying security is sold. Subsequent reco</span><span class=\"_ _6\"></span>veries of amounts pr<span class=\"_ _6\"></span><span class=\"_ _383\">eviously written off ar</span><span class=\"_ _6\"></span>e tak<span class=\"_ _8\"></span>en through pro\ufb01t or loss<span class=\"_ _6\"></span>.<span class=\"_ _383\"> </span>Loans and adv<span class=\"_ _6\"></span>ances to customer<span class=\"_ _6\"></span>s ov<span class=\"_ _6\"></span>er which the Group transf<span class=\"_ _6\"></span>ers its righ<span class=\"_ _6\"></span>ts to the collateral ther<span class=\"_ _6\"></span>eon to the BoE under the T<span class=\"_ _8\"></span>erm Funding Scheme with additional incentives f<span class=\"_ _6\"></span>or SMEs (<span class=\"_ _1\"></span>TFSME) are not derecognised fr<span class=\"_ _6\"></span>om the Consolidated Statemen<span class=\"_ _6\"></span>t of Financial Position, as the Group r<span class=\"_ _6\"></span>etains substan<span class=\"_ _6\"></span>tially all the risks and r<span class=\"_ _6\"></span>ew<span class=\"_ _6\"></span>ards o<span class=\"_ _6\"></span>f owner<span class=\"_ _6\"></span>ship, including all cash \ufb02o<span class=\"_ _6\"></span>ws arising from the loans and advances and e<span class=\"_ _6\"></span>xposure to cr<span class=\"_ _6\"></span>edit risk. The Group classi\ufb01es TFSME as amortised cost under IFRS 9 Financial Ins<span class=\"_ _6\"></span>truments<span class=\"_ _8\"></span>.<span class=\"_ _383\"> </span>Loans and adv<span class=\"_ _6\"></span>ances to customer<span class=\"_ _6\"></span>s include a small acquired mortgage portfolio where the contr<span class=\"_ _6\"></span>actual cash \ufb02ows include paymen<span class=\"_ _6\"></span>ts that are not SPPI and inter<span class=\"_ _6\"></span>est and as such are measur<span class=\"_ _6\"></span>ed at FV<span class=\"_ _1\"></span>TPL. Loans and adv<span class=\"_ _6\"></span>ances to customer<span class=\"_ _6\"></span>s contain the Group<span class=\"_ _8\"></span>\u2019<span class=\"_ _8\"></span>s asset \ufb01nance lease lending. Financ<span class=\"_ _1\"></span>e leases are initially measur<span class=\"_ _6\"></span>ed at an amount equal to the net inv<span class=\"_ _6\"></span>estment in the le<span class=\"_ _6\"></span>ase, using the int<span class=\"_ _6\"></span>erest r<span class=\"_ _6\"></span>ate implicit in the \ufb01nance lease. Dir<span class=\"_ _6\"></span>ect costs ar<span class=\"_ _6\"></span>e included in the initial measurement o<span class=\"_ _6\"></span>f the net inv<span class=\"_ _6\"></span>estment in the lease and r<span class=\"_ _6\"></span>educe the amount of income r<span class=\"_ _6\"></span>ecognised over the lease t<span class=\"_ _6\"></span>erm. Finance income is recognised over the le<span class=\"_ _6\"></span>ase term, based on a pattern re\ufb02ecting a cons<span class=\"_ _6\"></span>tant periodic r<span class=\"_ _6\"></span>ate of r<span class=\"_ _6\"></span>eturn on the net inv<span class=\"_ _6\"></span>estment in the lease<span class=\"_ _8\"></span>.<span class=\"_ _383\"> </span><span class=\"_ _383\">r)\u2002Investme</span><span class=\"_ _1\"></span>nt se<span class=\"_ _1\"></span>curitie<span class=\"_ _1\"></span>s<span class=\"_ _383\"> </span>Inv<span class=\"_ _6\"></span>estment securities include securities held for liquidity purposes (UK tr<span class=\"_ _6\"></span>easury bills, UK Gilts and R<span class=\"_ _6\"></span>esidential Mortgage-Back<span class=\"_ _8\"></span>ed Se<span class=\"_ _1\"></span>curities (RMBS)). These assets are non-deriv<span class=\"_ _6\"></span>atives that are designat<span class=\"_ _6\"></span>ed on an individual basis as amortised cost, FVOCI or FVTPL.<span class=\"_ _383\"> </span>Assets classi\ufb01ed as amortised cost are initially r<span class=\"_ _6\"></span>ecognised at fair value and subsequently measur<span class=\"_ _6\"></span>ed at amortised cost using the EIR method, less impairment losses<span class=\"_ _6\"></span>. Assets held at FV<span class=\"_ _6\"></span>OCI are measure<span class=\"_ _6\"></span>d at fair value with mo<span class=\"_ _6\"></span>vement<span class=\"_ _6\"></span>s tak<span class=\"_ _6\"></span>en to OCI and accumulated in the FV<span class=\"_ _6\"></span>OCI reserve within equity, e<span class=\"_ _6\"></span>xcept for impairment losses which are t<span class=\"_ _6\"></span>ak<span class=\"_ _6\"></span>en to pro<span class=\"_ _6\"></span>\ufb01t or loss. Where the ins<span class=\"_ _6\"></span>trument is sold, the gain or loss accumulated in equity is r<span class=\"_ _6\"></span>eclassi\ufb01ed to pro\ufb01t or loss.<span class=\"_ _383\"> </span>Assets held at FVTPL are measured at fair v<span class=\"_ _6\"></span>alue with mov<span class=\"_ _6\"></span>ements tak<span class=\"_ _8\"></span>en to the Consolidated Statemen<span class=\"_ _6\"></span>t of Comprehensive Income<span class=\"_ _6\"></span>.<span class=\"_ _383\"> </span><span class=\"_ _383\">s)\u2002Depos</span><span class=\"_ _1\"></span>its, d<span class=\"_ _1\"></span>ebt s<span class=\"_ _1\"></span>ec<span class=\"_ _1\"></span>uritie<span class=\"_ _1\"></span>s in iss<span class=\"_ _1\"></span>ue and s<span class=\"_ _1\"></span>ubo<span class=\"_ _1\"></span>rdinat<span class=\"_ _1\"></span>ed li<span class=\"_ _1\"></span>abiliti<span class=\"_ _1\"></span>es<span class=\"_ _383\"> </span>Deposits, debt securities in issue and subor<span class=\"_ _6\"></span>dinated liabilities are the Gr<span class=\"_ _6\"></span>oup<span class=\"_ _6\"></span>\u2019<span class=\"_ _8\"></span>s sources of debt funding. They comprise deposits from r<span class=\"_ _6\"></span>etail customer<span class=\"_ _6\"></span>s and credit institutions<span class=\"_ _8\"></span>, including c<span class=\"_ _1\"></span>ollateralised lo<span class=\"_ _6\"></span>an advances from the BoE under the TFSME, asset-back<span class=\"_ _8\"></span>ed loan notes issued through the Group<span class=\"_ _8\"></span>\u2019<span class=\"_ _6\"></span>s securitisation progr<span class=\"_ _6\"></span>ammes and subordinated liabilities<span class=\"_ _8\"></span>. Subordinated liabilities include the Sterling PSBs where the t<span class=\"_ _6\"></span>erms allow no absolute discretion o<span class=\"_ _6\"></span>ver the paymen<span class=\"_ _6\"></span>t of inter<span class=\"_ _6\"></span>est. These \ufb01nancial liabilities are initially me<span class=\"_ _6\"></span>asured at fair v<span class=\"_ _6\"></span>alue less direct transaction cos<span class=\"_ _6\"></span>ts, and subsequently held at amortised cost using the EIR method.<span class=\"_ _383\"> </span>Cash received under the TF<span class=\"_ _6\"></span>SME is recorded in amoun<span class=\"_ _6\"></span>ts ow<span class=\"_ _6\"></span>ed to cre<span class=\"_ _6\"></span>dit institutions<span class=\"_ _6\"></span>. Interes<span class=\"_ _6\"></span>t is accrued ov<span class=\"_ _6\"></span>er the life of the agr<span class=\"_ _6\"></span>eements on an EIR basis<span class=\"_ _383\"> </span>. <span class=\"_ _383\">t)\u2002Sale an</span><span class=\"_ _1\"></span>d rep<span class=\"_ _1\"></span>urc<span class=\"_ _1\"></span>has<span class=\"_ _1\"></span>e agre<span class=\"_ _1\"></span>em<span class=\"_ _1\"></span>ent<span class=\"_ _1\"></span>s<span class=\"_ _383\"> </span>Financial assets sold subject to repur<span class=\"_ _6\"></span>chase agreements (r<span class=\"_ _6\"></span>epo) ar<span class=\"_ _6\"></span>e retained in the \ufb01nancial s<span class=\"_ _6\"></span>tatement<span class=\"_ _6\"></span>s if they fail derecognition criteria of IFR<span class=\"_ _6\"></span>S 9 described in paragr<span class=\"_ _6\"></span>aph p (iii) abov<span class=\"_ _6\"></span>e. The \ufb01nancial asset<span class=\"_ _6\"></span>s that are ret<span class=\"_ _6\"></span>ained in the \ufb01nancial statemen<span class=\"_ _6\"></span>ts are r<span class=\"_ _6\"></span>e\ufb02ected as loans and advances to customer<span class=\"_ _6\"></span>s or inv<span class=\"_ _6\"></span>estment securities and the counterparty liability is included in amount<span class=\"_ _6\"></span>s ow<span class=\"_ _6\"></span>ed to credit ins<span class=\"_ _6\"></span>titutions or other customer<span class=\"_ _6\"></span>s. Financial assets purchased under agr<span class=\"_ _6\"></span>eements to r<span class=\"_ _6\"></span>esell at a predetermined price wher<span class=\"_ _6\"></span>e the transaction is \ufb01nancing in natur<span class=\"_ _6\"></span>e (rev<span class=\"_ _6\"></span>erse r<span class=\"_ _6\"></span>epo) ar<span class=\"_ _6\"></span>e accounted for as loans and advances to cr<span class=\"_ _6\"></span>edit institutions<span class=\"_ _6\"></span><span class=\"_ _383\">. The difference betw</span><span class=\"_ _6\"></span>een the sale and repurchase price is tr<span class=\"_ _6\"></span>eated as inter<span class=\"_ _6\"></span>est and accrued o<span class=\"_ _6\"></span>ver the life of the agr<span class=\"_ _6\"></span>eement using the EIR method.<span class=\"_ _383\"> </span><span class=\"_ _383\">u)\u2002Derivative \ufb01n</span><span class=\"_ _1\"></span>anci<span class=\"_ _1\"></span>al ins<span class=\"_ _1\"></span>trum<span class=\"_ _1\"></span>ents The Group uses derivativ<span class=\"_ _6\"></span>e \ufb01nancial instrumen<span class=\"_ _6\"></span>ts (inter<span class=\"_ _6\"></span>est rat<span class=\"_ _6\"></span>e swaps) t<span class=\"_ _6\"></span>o manage its exposur<span class=\"_ _6\"></span>e to inter<span class=\"_ _6\"></span>est rat<span class=\"_ _6\"></span>e risk. In accordance with the Group Mark<span class=\"_ _6\"></span>et and Liquidity Risk Policy, the Group does not hold or issue deriv<span class=\"_ _6\"></span>ative \ufb01nancial instrumen<span class=\"_ _6\"></span>ts for pr<span class=\"_ _6\"></span>oprietary trading.<span class=\"_ _383\"> </span>Derivative \ufb01nancial ins<span class=\"_ _6\"></span>truments ar<span class=\"_ _6\"></span>e recognised at their fair value with changes in their fair v<span class=\"_ _6\"></span>alue tak<span class=\"_ _8\"></span>en to pro\ufb01t or loss. F<span class=\"_ _6\"></span>air values are calculated by discounting cash \ufb02ow<span class=\"_ _6\"></span>s at the pre<span class=\"_ _6\"></span>vailing inter<span class=\"_ _6\"></span>est r<span class=\"_ _6\"></span>ates. All deriv<span class=\"_ _6\"></span>atives are classi\ufb01ed as asse<span class=\"_ _6\"></span>ts when their fair value is positiv<span class=\"_ _6\"></span>e and as liabilities when their fair value is negativ<span class=\"_ _6\"></span>e. If a deriv<span class=\"_ _6\"></span>ative is cancelled, it is derecognised fr<span class=\"_ _6\"></span>om the Consolidated Statemen<span class=\"_ _6\"></span>t of Financial Position.<span class=\"_ _383\"> </span>The Group also uses derivativ<span class=\"_ _6\"></span>es to hedge the int<span class=\"_ _6\"></span>erest r<span class=\"_ _6\"></span>ate risk inheren<span class=\"_ _6\"></span>t in irrev<span class=\"_ _8\"></span>o<span class=\"_ _1\"></span><span class=\"_ _383\">cable offer</span><span class=\"_ _6\"></span>s to lend. This exposes the Group t<span class=\"_ _6\"></span>o mov<span class=\"_ _6\"></span>ements in the fair value of deriv<span class=\"_ _6\"></span>atives un<span class=\"_ _6\"></span>til the loan is drawn. The changes to f<span class=\"_ _6\"></span>air value are r<span class=\"_ _6\"></span>ecognised in pro\ufb01t or loss in the period. <span class=\"_ _383\">v)\u2002Hedg</span><span class=\"_ _1\"></span>e ac<span class=\"_ _1\"></span>count<span class=\"_ _1\"></span>ing<span class=\"_ _383\"> </span>The Group has chosen to continue t<span class=\"_ _6\"></span>o apply the hedge accounting requiremen<span class=\"_ _6\"></span>ts of IA<span class=\"_ _6\"></span>S 39 instead of the r<span class=\"_ _6\"></span>equiremen<span class=\"_ _6\"></span>ts in Chapter 6 of IFR<span class=\"_ _6\"></span>S 9<span class=\"_ _1f6\"></span>. The Group uses fair v<span class=\"_ _6\"></span>alue hedge accounting for a portfolio hedge of int<span class=\"_ _6\"></span>erest r<span class=\"_ _6\"></span>ate risk. Portfolio hedge accounting allows f<span class=\"_ _6\"></span><span class=\"_ _383\">or hedge effectiv</span><span class=\"_ _6\"></span>eness testing and accounting o<span class=\"_ _6\"></span>ver an en<span class=\"_ _6\"></span>tire portfolio of \ufb01nancial assets or liabilities<span class=\"_ _6\"></span>. T<span class=\"_ _8\"></span>o qualify for hedge accounting at inception, hedge relationships ar<span class=\"_ _6\"></span>e clearly documented and deriv<span class=\"_ _6\"></span>atives must be e<span class=\"_ _6\"></span>xpected to be highly e<span class=\"_ _6\"></span><span class=\"_ _383\">ffective </span><span class=\"_ _383\">in offsetting the hedge</span><span class=\"_ _6\"></span>d risks<span class=\"_ _8\"></span><span class=\"_ _383\">. In addition, effectiveness must be t</span><span class=\"_ _6\"></span>ested thr<span class=\"_ _6\"></span>oughout the life of the hedge relationship<span class=\"_ _6\"></span>. This applies to all derivativ<span class=\"_ _6\"></span>es including SONIA<span class=\"_ _6\"></span>-link<span class=\"_ _6\"></span>ed derivativ<span class=\"_ _6\"></span>es entered in<span class=\"_ _6\"></span>to to replace LIBOR-link<span class=\"_ _8\"></span>ed derivatives<span class=\"_ _8\"></span>, as a result of IBOR ref<span class=\"_ _6\"></span>orms during 2021.<span class=\"_ _383\"> </span>The Group applies fair v<span class=\"_ _6\"></span>alue portfolio hedge accounting to its \ufb01xed r<span class=\"_ _6\"></span>ate portfolio of mortgages and saving accounts. The hedge<span class=\"_ _6\"></span>d portfolio is analysed into r<span class=\"_ _6\"></span>epricing time periods based on expected r<span class=\"_ _6\"></span>epricing dates, utilising the Gr<span class=\"_ _6\"></span>oup Assets and Liabilities Committee (AL<span class=\"_ _8\"></span>CO) approv<span class=\"_ _8\"></span>ed<span class=\"_ _1\"></span> prepayment curve<span class=\"_ _6\"></span>. Inter<span class=\"_ _6\"></span>est r<span class=\"_ _6\"></span>ate sw<span class=\"_ _6\"></span>aps are designated agains<span class=\"_ _6\"></span>t the repricing time periods to es<span class=\"_ _6\"></span>tablish the hedge relationship<span class=\"_ _6\"></span><span class=\"_ _383\">. Hedge effectiv</span><span class=\"_ _6\"></span>eness is calculated as a percen<span class=\"_ _6\"></span>tage of the fair value mo<span class=\"_ _8\"></span>vement of the int<span class=\"_ _6\"></span>erest r<span class=\"_ _6\"></span>ate sw<span class=\"_ _6\"></span>ap against the fair v<span class=\"_ _6\"></span>alue mov<span class=\"_ _6\"></span>ement of the hedged it<span class=\"_ _6\"></span>em ov<span class=\"_ _6\"></span>er the period teste<span class=\"_ _6\"></span>d. The Group considers the f<span class=\"_ _6\"></span>ollowing as k<span class=\"_ _8\"></span><span class=\"_ _383\">ey sources of hedge ineffectiv</span><span class=\"_ _6\"></span>eness:<span class=\"_ _383\"> </span>\u2022 <span class=\"_ _124\"> </span><span class=\"ws2\">the mismatch in maturity date of the sw<span class=\"_ _6\"></span>ap and hedged item, as sw<span class=\"_ _6\"></span>aps with a given maturity date co<span class=\"_ _6\"></span>ver a portfolio of hedged it<span class=\"_ _6\"></span>ems which </span>may mature throughout the mon<span class=\"_ _6\"></span>th;<span class=\"_ _383\"> </span>\u2022 <span class=\"_ _124\"> </span><span class=\"ws2\"><span class=\"_ _383\">the actual behaviour of the hedged item differing from e</span><span class=\"_ _6\"></span>xpectations, such as e<span class=\"_ _6\"></span>arly repayments or withdr<span class=\"_ _6\"></span>aw<span class=\"_ _6\"></span>als and arrears;<span class=\"_ _383\"> </span></span>\u2022 <span class=\"_ _124\"> </span><span class=\"ws2\">minimal movement<span class=\"_ _6\"></span><span class=\"_ _383\">s in the yield curve leading to ineffectiv</span><span class=\"_ _6\"></span>eness where hedge r<span class=\"_ _6\"></span>elationships are sensitive t<span class=\"_ _6\"></span>o small value changes; and<span class=\"_ _383\"> </span></span>\u2022 <span class=\"_ _124\"> </span><span class=\"ws2\">the transition relating to LIBOR r<span class=\"_ _6\"></span>eforms during 2021 wher<span class=\"_ _6\"></span>eby some hedged instrumen<span class=\"_ _6\"></span>ts and hedged items ar<span class=\"_ _6\"></span><span class=\"_ _383\">e based on differen</span><span class=\"_ _6\"></span>t benchmark </span>rates<span class=\"_ _8\"></span>.<span class=\"_ _383\"> </span>Where there is an e<span class=\"_ _6\"></span><span class=\"_ _383\">ffective hedge r</span><span class=\"_ _6\"></span>elationship for fair v<span class=\"_ _6\"></span>alue hedges, the Gr<span class=\"_ _6\"></span>oup recognises the change in fair value of e<span class=\"_ _6\"></span>ach hedged item in pro\ufb01t or loss with the cumulative mo<span class=\"_ _6\"></span>vement in their v<span class=\"_ _6\"></span>alue being shown separ<span class=\"_ _6\"></span>ately in the Consolidated Stat<span class=\"_ _6\"></span>ement of Financial Position as fair v<span class=\"_ _6\"></span>alue adjustment<span class=\"_ _6\"></span>s on hedged assets and liabilities<span class=\"_ _6\"></span>. The fair value changes of both the deriv<span class=\"_ _6\"></span>ative and the hedge subs<span class=\"_ _6\"></span><span class=\"_ _383\">tantially off</span><span class=\"_ _6\"></span>set each other to r<span class=\"_ _6\"></span>educe pro\ufb01t v<span class=\"_ _6\"></span>olatility.<span class=\"_ _383\"> </span>The Group discontinues hedge accounting when the deriv<span class=\"_ _6\"></span>ative ceases through e<span class=\"_ _6\"></span>xpiry, when the derivative is c<span class=\"_ _6\"></span>ancelled or the underlying hedged item matures<span class=\"_ _6\"></span>, is sold or is repaid.<span class=\"_ _383\"> </span>If a derivative no longer meet<span class=\"_ _6\"></span>s the criteria for hedge accounting or is cancelled whilst s<span class=\"_ _6\"></span><span class=\"_ _383\">till effectiv</span><span class=\"_ _6\"></span>e, including LIBOR-link<span class=\"_ _8\"></span>ed derivatives c<span class=\"_ _6\"></span>ancelled as a result of IBOR r<span class=\"_ _6\"></span>eforms during 2<span class=\"_ _6\"></span>021, the fair value adjus<span class=\"_ _6\"></span>tment relating to the hedge<span class=\"_ _6\"></span>d assets or liabilities within the hedge relationship prior to the derivativ<span class=\"_ _6\"></span><span class=\"_ _383\">e becoming ineffective or being cancelled r</span><span class=\"_ _6\"></span>emains on the Consolidated Statemen<span class=\"_ _6\"></span>t of Financial Position and is amortised over the remaining life o<span class=\"_ _6\"></span>f the hedged assets or liabilities<span class=\"_ _6\"></span>. The rate of amortisation ov<span class=\"_ _8\"></span>er the remaining life is in line with expected income or cost gener<span class=\"_ _6\"></span>ated from the hedged assets or liabilities<span class=\"_ _8\"></span>. Each reporting period, the expectation is compared to actual with an accelerat<span class=\"_ _6\"></span><span class=\"_ _383\">ed run-off applied where the </span>two div<span class=\"_ _6\"></span>erge by mor<span class=\"_ _6\"></span>e than set parameter<span class=\"_ _6\"></span>s.<span class=\"_ _383\"> </span>",
   "dimensions": {
    "concept": "ifrs-full:DescriptionOfAccountingPolicyForFinancialAssetsExplanatory",
    "language": "en",
    "entity": "scheme:213800ZBKL9BHSL2K459",
    "period": "2022-01-01T00:00:00/2023-01-01T00:00:00"
   }
  },
  "fact-613": {
   "value": "p<span class=\"_ _6\"></span><span class=\"_ _383\">)\u2002Financial instrum</span><span class=\"_ _1\"></span>ents<span class=\"_ _383\"> </span><span class=\"_ _383\">i.\u2002Rec</span><span class=\"_ _1\"></span>ogn<span class=\"_ _1\"></span>ition<span class=\"_ _383\"> </span>The Group initially recognises loans and adv<span class=\"_ _6\"></span>ances, deposits<span class=\"_ _6\"></span>, debt securities issued and subordinated liabilities on the dat<span class=\"_ _6\"></span>e on which they are originated or acquired. All o<span class=\"_ _6\"></span>ther \ufb01nancial instruments ar<span class=\"_ _6\"></span>e accounted for on the tr<span class=\"_ _6\"></span>ade date which is when the Group becomes a party to the contractual pr<span class=\"_ _6\"></span>ovisions o<span class=\"_ _6\"></span>f the instrument. For \ufb01nancial instrument<span class=\"_ _6\"></span>s classi\ufb01ed as amortised cost or FVOCI, the Gr<span class=\"_ _6\"></span>oup initially recognises \ufb01nancial assets and \ufb01nancial liabilities at fair v<span class=\"_ _6\"></span>alue plus transaction income or cost<span class=\"_ _6\"></span>s that are directly attributable t<span class=\"_ _6\"></span>o its origination, acquisition or issue. Financial ins<span class=\"_ _6\"></span>truments classi\ufb01ed as amortised cost are subsequen<span class=\"_ _6\"></span>tly measured using the EIR method. T<span class=\"_ _8\"></span>ransaction costs r<span class=\"_ _6\"></span>elating to the acquisition or issue of a \ufb01nancial ins<span class=\"_ _6\"></span>trument at FVTPL are recognised in the pro<span class=\"_ _6\"></span>\ufb01t or loss as incurred. A<span class=\"_ _8\"></span>T1 securities are designated as equity instrumen<span class=\"_ _6\"></span>ts and recognised at fair v<span class=\"_ _6\"></span>alue on the date of issuance in equity along with incremen<span class=\"_ _6\"></span>tal costs directly attributable to the issuance of equity ins<span class=\"_ _6\"></span>truments<span class=\"_ _8\"></span>.<span class=\"_ _383\"> </span><span class=\"_ _383\">ii.\u2002</span><span class=\"_ _6\"></span>Classi\ufb01cation<span class=\"_ _383\"> </span>The Group classi\ufb01es \ufb01nancial instrumen<span class=\"_ _6\"></span>ts based on the business model and the contr<span class=\"_ _6\"></span>actual cash \ufb02o<span class=\"_ _6\"></span>w characteris<span class=\"_ _6\"></span>tics of the \ufb01nancial instrumen<span class=\"_ _6\"></span>ts. Under IFRS 9<span class=\"_ _1f6\"></span>, the Group classi\ufb01es \ufb01nancial assets in<span class=\"_ _6\"></span>to one of three measur<span class=\"_ _6\"></span>ement categories:<span class=\"_ _383\"> </span>\u2022 <span class=\"_ _124\"> </span><span class=\"ff2 ws2\">Amor<span class=\"_ _1\"></span>tised c<span class=\"_ _1\"></span>ost<span class=\"ff1\"> \u2013 assets in a business model to hold \ufb01nancial assets in or<span class=\"_ _6\"></span>der to collect contrac<span class=\"_ _6\"></span>tual cash \ufb02ows<span class=\"_ _8\"></span>, where the contractual terms o<span class=\"_ _6\"></span>f </span></span>the \ufb01nancial asset give rise on speci\ufb01ed dates t<span class=\"_ _6\"></span>o cash \ufb02ows that ar<span class=\"_ _6\"></span>e solely payments of principal and in<span class=\"_ _6\"></span>teres<span class=\"_ _6\"></span>t (SPPI) on the principal amount outstanding. \u2022 <span class=\"_ _124\"> </span><span class=\"ff2 lsee wsf3\">F<span class=\"_ _2\"></span>VO<span class=\"_ _1\"></span>C<span class=\"_ _1\"></span>I<span class=\"_ _2\"></span></span><span class=\"ws2\"> \u2013 assets held in a business model which collects contr<span class=\"_ _6\"></span>actual cash \ufb02ow<span class=\"_ _6\"></span>s and sells \ufb01nancial assets where the contr<span class=\"_ _6\"></span>actual terms of the </span>\ufb01nancial assets give rise on speci\ufb01ed dat<span class=\"_ _6\"></span>es to cash \ufb02ows that ar<span class=\"_ _6\"></span>e SPPI on the principal amount outs<span class=\"_ _6\"></span>tanding. \u2022 <span class=\"_ _124\"> </span><span class=\"ff2\">F<span class=\"_ _1\"></span>V<span class=\"_ _1\"></span>TPL</span><span class=\"ws2\"> \u2013 assets not measured at amortised cost or FV<span class=\"_ _8\"></span>OCI. The Group measures derivativ<span class=\"_ _6\"></span>es, an acquir<span class=\"_ _6\"></span>ed mortgage por<span class=\"_ _1\"></span>tfolio and an </span>inv<span class=\"_ _6\"></span>estment security under this cate<span class=\"_ _6\"></span>gory. The Group classi\ufb01es non-derivativ<span class=\"_ _6\"></span>e \ufb01nancial liabilities as measured at amortised cost.<span class=\"_ _383\"> </span>The Group has no non-derivativ<span class=\"_ _6\"></span>e \ufb01nancial assets or liabilities classi\ufb01ed as held for tr<span class=\"_ _6\"></span>ading. The Group reassesses it<span class=\"_ _6\"></span>s business models each reporting period.<span class=\"_ _383\"> </span>The Group classi\ufb01es certain \ufb01nancial instruments as e<span class=\"_ _6\"></span>quity where they meet the follo<span class=\"_ _6\"></span>wing conditions:<span class=\"_ _383\"> </span>\u2022 <span class=\"_ _124\"> </span><span class=\"ws2\">the \ufb01nancial instrument includes no contr<span class=\"_ _6\"></span>actual obligation to deliver cash or another \ufb01nancial asse<span class=\"_ _6\"></span>t on potentially unf<span class=\"_ _6\"></span>avour<span class=\"_ _6\"></span>able conditions;<span class=\"_ _383\"> </span></span>\u2022 <span class=\"_ _124\"> </span><span class=\"ws2\">the \ufb01nancial instrument is a non-derivativ<span class=\"_ _6\"></span>e that includes no contractual obligation f<span class=\"_ _6\"></span>or the issuer to deliver a v<span class=\"_ _6\"></span>ariable number of its own e<span class=\"_ _6\"></span>quity </span>instrument<span class=\"_ _6\"></span>s; or<span class=\"_ _383\"> </span>\u2022 <span class=\"_ _124\"> </span><span class=\"ws2\">the \ufb01nancial instrument is a derivativ<span class=\"_ _6\"></span>e that will be settled only by the issuer ex<span class=\"_ _6\"></span>changing a \ufb01xed amount o<span class=\"_ _6\"></span>f cash or another \ufb01nancial asset for </span>a \ufb01xed number of it<span class=\"_ _6\"></span>s own equity ins<span class=\"_ _6\"></span>truments<span class=\"_ _6\"></span>.<span class=\"_ _383\"> </span>During the year equity \ufb01nancial instrumen<span class=\"_ _6\"></span>ts comprised own shar<span class=\"_ _6\"></span>es, and A<span class=\"_ _1f6\"></span>T1 securities (2021: and non-controlling in<span class=\"_ _6\"></span>terest securities). Accor<span class=\"_ _6\"></span>dingly, the coupons paid on the non-controlling int<span class=\"_ _6\"></span>erest securities and A<span class=\"_ _1f6\"></span>T1 securities are recognised directly in retaine<span class=\"_ _6\"></span><span class=\"_ _383\">d earnings when paid.\u2003</span><span class=\"_ _383\">iii.\u2002D</span><span class=\"_ _1\"></span>ere<span class=\"_ _1\"></span>co<span class=\"_ _1\"></span>gnit<span class=\"_ _1\"></span>ion<span class=\"_ _383\"> </span>The Group derecognises \ufb01nancial assets when the con<span class=\"_ _6\"></span>tractual righ<span class=\"_ _6\"></span>ts to the cash \ufb02ow<span class=\"_ _6\"></span>s expire or the Gr<span class=\"_ _6\"></span>oup transf<span class=\"_ _6\"></span>ers subst<span class=\"_ _6\"></span>antially all risk<span class=\"_ _6\"></span>s and re<span class=\"_ _6\"></span>war<span class=\"_ _6\"></span>ds of owner<span class=\"_ _6\"></span>ship of the \ufb01nancial asset. <span class=\"_ _383\">The Group off</span><span class=\"_ _6\"></span>ers re<span class=\"_ _6\"></span>\ufb01nancing options to customer<span class=\"_ _6\"></span>s which have been assessed within the principles of IFR<span class=\"_ _6\"></span>S 9 and rele<span class=\"_ _6\"></span>vant guidance. The assessment concludes the original mortgage asset is derecognised at the re\ufb01nancing poin<span class=\"_ _6\"></span>t with a new \ufb01nancial asset r<span class=\"_ _6\"></span>ecognised.<span class=\"_ _383\"> </span>The forbear<span class=\"_ _6\"></span><span class=\"_ _383\">ance measures offer</span><span class=\"_ _6\"></span>ed by the Group are consider<span class=\"_ _6\"></span>ed a modi\ufb01cation ev<span class=\"_ _8\"></span>ent as the contractual cash \ufb02o<span class=\"_ _6\"></span>ws are r<span class=\"_ _6\"></span>enegotiated or otherwise modi\ufb01ed. The Group considers the r<span class=\"_ _6\"></span>enegotiated or modi\ufb01ed cash \ufb02o<span class=\"_ _8\"></span>ws are not a substantial mo<span class=\"_ _6\"></span>di\ufb01cation from the contr<span class=\"_ _6\"></span>actual cash \ufb02ow<span class=\"_ _6\"></span>s and does not consider that forbearance measur<span class=\"_ _6\"></span>es give rise to a der<span class=\"_ _6\"></span>ecognition even<span class=\"_ _6\"></span>t. Financial liabilities are derecognised only when the obligation is dischar<span class=\"_ _6\"></span>ged, cancelled or has expir<span class=\"_ _6\"></span>ed.<span class=\"_ _383\"> </span><span class=\"_ _383\">iv.\u2002Offse</span><span class=\"_ _1\"></span>tti<span class=\"_ _1\"></span>ng<span class=\"_ _383\"> </span>Financial assets and \ufb01nancial liabilities are o<span class=\"_ _6\"></span><span class=\"_ _383\">ffset and the net amount pr</span><span class=\"_ _6\"></span>esented in the Consolidated S<span class=\"_ _6\"></span>tatement o<span class=\"_ _6\"></span>f Financial Position when, and only when, the Group curren<span class=\"_ _6\"></span>tly has a legally enfor<span class=\"_ _6\"></span><span class=\"_ _383\">ceable right to off</span><span class=\"_ _6\"></span>set the amounts and it in<span class=\"_ _6\"></span>tends either to settle them on a net basis or to r<span class=\"_ _6\"></span>ealise the asset and settle the liability simultaneously. The Group<span class=\"_ _8\"></span>\u2019<span class=\"_ _6\"></span>s derivativ<span class=\"_ _6\"></span>es are cov<span class=\"_ _6\"></span>ered by indus<span class=\"_ _6\"></span>try standar<span class=\"_ _6\"></span>d master netting agr<span class=\"_ _6\"></span>eements<span class=\"_ _6\"></span>. Master netting agr<span class=\"_ _6\"></span>eements creat<span class=\"_ _6\"></span>e a right of set-o<span class=\"_ _6\"></span><span class=\"_ _383\">ff that </span>becomes enforceable only follo<span class=\"_ _8\"></span>wing a spe<span class=\"_ _1\"></span>ci\ufb01ed ev<span class=\"_ _6\"></span>ent of de<span class=\"_ _6\"></span>fault or in other circums<span class=\"_ _6\"></span>tances not expected to arise in the normal cour<span class=\"_ _6\"></span>se of business<span class=\"_ _6\"></span>. These arrangemen<span class=\"_ _6\"></span><span class=\"_ _383\">ts do not qualify for off</span><span class=\"_ _6\"></span>setting and as such the Group reports derivativ<span class=\"_ _6\"></span>es on a gross basis<span class=\"_ _6\"></span>.<span class=\"_ _383\"> </span>Collateral in r<span class=\"_ _6\"></span>espect of derivatives is subject t<span class=\"_ _6\"></span>o the standar<span class=\"_ _6\"></span>d industry terms of In<span class=\"_ _6\"></span>ternational Sw<span class=\"_ _6\"></span>aps and Derivatives Association (ISD<span class=\"_ _6\"></span>A) Credit Support Annex. This means that the cash r<span class=\"_ _6\"></span>eceived or given as collater<span class=\"_ _6\"></span>al can be pledged or used during the term o<span class=\"_ _6\"></span>f the transaction but mus<span class=\"_ _6\"></span>t be returned on maturity of the tr<span class=\"_ _8\"></span>ansaction. The terms also give each counterparty the right to terminate the r<span class=\"_ _6\"></span>elated tr<span class=\"_ _6\"></span>ansactions upon the counterparty\u2019<span class=\"_ _1f6\"></span>s failure to post collater<span class=\"_ _6\"></span>al. Collateral paid or receiv<span class=\"_ _6\"></span><span class=\"_ _383\">ed does not qualify for off</span><span class=\"_ _6\"></span>setting and is recognised in loans and advances to credit ins<span class=\"_ _6\"></span>titutions and amounts o<span class=\"_ _6\"></span>wed to cr<span class=\"_ _6\"></span>edit institutions<span class=\"_ _6\"></span>, respectiv<span class=\"_ _6\"></span>ely.<span class=\"_ _383\"> </span>v<span class=\"_ _6\"></span><span class=\"_ _383\">.\u2002Amo</span><span class=\"_ _1\"></span>rti<span class=\"_ _1\"></span>se<span class=\"_ _1\"></span>d co<span class=\"_ _1\"></span>st me<span class=\"_ _1\"></span>as<span class=\"_ _1\"></span>ure<span class=\"_ _1\"></span>me<span class=\"_ _1\"></span>nt<span class=\"_ _383\"> </span>The amortised cost of a \ufb01nancial asset or \ufb01nancial liability is the amount at which the \ufb01nancial asset or \ufb01nancial liability is measur<span class=\"_ _6\"></span>ed at initial recognition, less principal payments or r<span class=\"_ _6\"></span>eceipts, plus or minus the cumulativ<span class=\"_ _6\"></span><span class=\"_ _383\">e amortisation using the EIR method of any difference betw</span><span class=\"_ _6\"></span>een the initial amount recognised and the maturity amoun<span class=\"_ _6\"></span>t, minus any reduction for impairmen<span class=\"_ _6\"></span>t of assets<span class=\"_ _6\"></span>.<span class=\"_ _383\"> </span><span class=\"_ _383\">vi.\u2002Fa</span><span class=\"_ _1\"></span>ir valu<span class=\"_ _1\"></span>e me<span class=\"_ _1\"></span>asur<span class=\"_ _1\"></span>em<span class=\"_ _1\"></span>ent<span class=\"_ _383\"> </span>Fair value is the price that would be r<span class=\"_ _6\"></span>eceived to sell an asset or paid to tr<span class=\"_ _8\"></span>ansfer a liability in an orderly transaction be<span class=\"_ _6\"></span>tween mark<span class=\"_ _8\"></span>et par<span class=\"_ _1\"></span>ticipants at the measurement dat<span class=\"_ _6\"></span>e in the principal or<span class=\"_ _8\"></span>, in its absence, the most adv<span class=\"_ _6\"></span>antageous mark<span class=\"_ _8\"></span>et to which the Group has access at that date. When available, the Gr<span class=\"_ _6\"></span>oup measures the f<span class=\"_ _6\"></span>air value of an instrumen<span class=\"_ _6\"></span>t using the quoted price in an activ<span class=\"_ _6\"></span>e mark<span class=\"_ _6\"></span>et for that ins<span class=\"_ _6\"></span>trument. A mark<span class=\"_ _8\"></span>et is<span class=\"_ _1\"></span> regar<span class=\"_ _6\"></span>ded as active if tr<span class=\"_ _6\"></span>ansactions for the asset or liability tak<span class=\"_ _8\"></span><span class=\"_ _383\">e place with sufficient frequency and v</span><span class=\"_ _6\"></span>olume to pro<span class=\"_ _6\"></span>vide pricing information on an ongoing basis. The Gr<span class=\"_ _6\"></span>oup measures its in<span class=\"_ _6\"></span>ves<span class=\"_ _6\"></span>tment securities and Perpetual Subordinat<span class=\"_ _6\"></span>ed Bonds (PSBs) at fair value using quoted mark<span class=\"_ _8\"></span>et prices where available<span class=\"_ _6\"></span><span class=\"_ _383\">. \u2003</span>If there is no quoted price in an activ<span class=\"_ _6\"></span>e mark<span class=\"_ _8\"></span>et, then the Group uses valuation techniques that maximise the use of rele<span class=\"_ _6\"></span>vant observable inputs and minimise the use of unobservable inputs. The Group uses SONIA curves to value it<span class=\"_ _6\"></span>s derivatives<span class=\"_ _8\"></span>, previously a combination of LIBOR and SONIA curves<span class=\"_ _6\"></span>. The fair value of the Gr<span class=\"_ _6\"></span>oup<span class=\"_ _6\"></span>\u2019<span class=\"_ _8\"></span>s derivative \ufb01nancial instrument<span class=\"_ _6\"></span>s incorporates cre<span class=\"_ _6\"></span>dit valuation adjustmen<span class=\"_ _6\"></span>ts (C<span class=\"_ _8\"></span>V<span class=\"_ _6\"></span>A) and debit valuation adjustmen<span class=\"_ _6\"></span>ts (D<span class=\"_ _6\"></span>V<span class=\"_ _8\"></span>A). The DV<span class=\"_ _1f6\"></span>A and CV<span class=\"_ _1f6\"></span>A take in<span class=\"_ _6\"></span>to account the respective cr<span class=\"_ _6\"></span>edit ratings o<span class=\"_ _6\"></span>f the Group<span class=\"_ _8\"></span>\u2019<span class=\"_ _6\"></span>s two banking en<span class=\"_ _6\"></span>tities and counterparty and whether the derivative is collater<span class=\"_ _6\"></span>alised or not. Derivativ<span class=\"_ _6\"></span>es are valued using discoun<span class=\"_ _6\"></span>ted cash \ufb02ow models and observable mark<span class=\"_ _8\"></span>et data and are sensitiv<span class=\"_ _6\"></span>e to benchmark inter<span class=\"_ _6\"></span>est and basis rat<span class=\"_ _6\"></span>e curves. The fair value of in<span class=\"_ _6\"></span>ves<span class=\"_ _6\"></span>tment securities held at FVTPL is measured using a discounted cash \ufb02o<span class=\"_ _6\"></span>w model.<span class=\"_ _383\"> </span><span class=\"_ _383\">vii.\u2002I</span><span class=\"_ _1\"></span>de<span class=\"_ _1\"></span>nti\ufb01c<span class=\"_ _1\"></span>ation a<span class=\"_ _1\"></span>nd m<span class=\"_ _1\"></span>eas<span class=\"_ _1\"></span>ure<span class=\"_ _1\"></span>me<span class=\"_ _1\"></span>nt of imp<span class=\"_ _1\"></span>air<span class=\"_ _1\"></span>men<span class=\"_ _1\"></span>t of \ufb01n<span class=\"_ _1\"></span>anci<span class=\"_ _1\"></span>al as<span class=\"_ _1\"></span>se<span class=\"_ _1\"></span>ts<span class=\"_ _383\"> </span>The Group assesses all \ufb01nancial assets f<span class=\"_ _6\"></span>or impairment. Loans a<span class=\"_ _1\"></span>nd adva<span class=\"_ _1\"></span>nc<span class=\"_ _1\"></span>es to cu<span class=\"_ _1\"></span>stom<span class=\"_ _1\"></span>ers<span class=\"_ _383\"> </span>The Group uses the IFRS 9 thr<span class=\"_ _6\"></span>ee-stage ECL appr<span class=\"_ _6\"></span>oach for measuring impairmen<span class=\"_ _6\"></span>t. The three impairment st<span class=\"_ _6\"></span>ages are as follo<span class=\"_ _6\"></span>ws:<span class=\"_ _383\"> </span>\u2022 <span class=\"_ _124\"> </span><span class=\"ff2 ws2\">Stage 1<span class=\"ff1\"> \u2013 a 12 month ECL allow<span class=\"_ _8\"></span>anc<span class=\"_ _1\"></span>e is recognised where ther<span class=\"_ _6\"></span>e is no signi\ufb01cant increase in cr<span class=\"_ _6\"></span>edit risk (SICR) since initial recognition.<span class=\"_ _383\"> </span></span></span>\u2022 <span class=\"_ _124\"> </span><span class=\"ff2 ws2\">Stage 2<span class=\"ff1\"> \u2013 a lifetime ECL allow<span class=\"_ _8\"></span>anc<span class=\"_ _1\"></span>e is recognised for assets wher<span class=\"_ _6\"></span>e a SICR is identi\ufb01ed since initial recognition. The assessment o<span class=\"_ _6\"></span>f whether </span></span>credit risk has incre<span class=\"_ _6\"></span>ased signi\ufb01cantly since initial recognition is performed for each r<span class=\"_ _6\"></span>eporting period for the life of the loan.<span class=\"_ _383\"> </span>\u2022 <span class=\"_ _124\"> </span><span class=\"ff2 ws2\">Stage 3<span class=\"ff1\"> \u2013 requires objective e<span class=\"_ _8\"></span>videnc<span class=\"_ _1\"></span>e that an asset is credit impair<span class=\"_ _6\"></span>ed, at which point a lifetime ECL<span class=\"_ _6\"></span> allow<span class=\"_ _6\"></span>ance is recognised.<span class=\"_ _383\"> </span></span></span>The Group measures impairmen<span class=\"_ _6\"></span>t through the use of individual and mo<span class=\"_ _6\"></span>delled assessments<span class=\"_ _6\"></span>. Individual assessment<span class=\"_ _383\"> </span>The Group<span class=\"_ _8\"></span>\u2019<span class=\"_ _6\"></span>s pro<span class=\"_ _6\"></span>visioning process requir<span class=\"_ _6\"></span>es individual assessment for high exposur<span class=\"_ _6\"></span>e or higher risk loans<span class=\"_ _6\"></span>, where La<span class=\"_ _6\"></span>w of Property Act (LP<span class=\"_ _8\"></span>A) receivers have been appoint<span class=\"_ _6\"></span>ed, the property is tak<span class=\"_ _6\"></span>en into possession or ther<span class=\"_ _6\"></span>e are other e<span class=\"_ _6\"></span>vent<span class=\"_ _6\"></span>s that suggest a high probability o<span class=\"_ _6\"></span>f credit loss<span class=\"_ _6\"></span>. Loans ar<span class=\"_ _6\"></span>e considered at a connection lev<span class=\"_ _6\"></span>el, i.e<span class=\"_ _6\"></span>. including all loans connected to the cust<span class=\"_ _6\"></span>omer<span class=\"_ _8\"></span>. The Group estimat<span class=\"_ _6\"></span>es cash \ufb02ows fr<span class=\"_ _6\"></span>om these loans, including e<span class=\"_ _6\"></span>xpected inter<span class=\"_ _6\"></span>est and principal paymen<span class=\"_ _6\"></span>ts, r<span class=\"_ _6\"></span>ental or sale pr<span class=\"_ _6\"></span>oceeds, selling and other costs<span class=\"_ _6\"></span>. The Group obtains up-to-dat<span class=\"_ _6\"></span>e independent valuations for pr<span class=\"_ _6\"></span>operties put up for sale. For all individually assessed loans with a con\ufb01rmed sale, should the pr<span class=\"_ _6\"></span>esent value o<span class=\"_ _6\"></span>f estimated futur<span class=\"_ _6\"></span>e cash \ufb02ows discoun<span class=\"_ _6\"></span>ted at the original EIR be less than the carrying value of the loan, a pr<span class=\"_ _6\"></span>ovision is r<span class=\"_ _6\"></span><span class=\"_ _383\">ecognised for the difference with such loans being classi\ufb01ed as impair</span><span class=\"_ _6\"></span>ed. How<span class=\"_ _6\"></span>ev<span class=\"_ _6\"></span>er<span class=\"_ _8\"></span>, should the present v<span class=\"_ _6\"></span>alue of the estimate<span class=\"_ _6\"></span>d future cash \ufb02o<span class=\"_ _6\"></span>ws exceed the carrying v<span class=\"_ _6\"></span>alue, no pro<span class=\"_ _8\"></span>vision is recognised. For all remaining individually assessed loans, should a full loss be e<span class=\"_ _6\"></span>xpected, the pro<span class=\"_ _6\"></span>vision is set to the carrying value<span class=\"_ _6\"></span>, with all other individually assessed loans applying the gre<span class=\"_ _6\"></span>ater of either the modelled or individual assessment.<span class=\"_ _383\"> </span>The Group applies a modelled assessmen<span class=\"_ _6\"></span>t to all loans with no individually assessed pro<span class=\"_ _6\"></span>vision.<span class=\"_ _383\"> </span>IFR<span class=\"_ _1\"></span>S 9 mod<span class=\"_ _1\"></span>el<span class=\"_ _1\"></span>le<span class=\"_ _1\"></span>d imp<span class=\"_ _1\"></span>ai<span class=\"_ _1\"></span>rment<span class=\"_ _383\"> </span>Measurement of<span class=\"_ _6\"></span> ECL<span class=\"_ _383\"> </span>The assessment of cr<span class=\"_ _6\"></span>edit risk and the estimation of ECL<span class=\"_ _6\"></span> are unbiased and pr<span class=\"_ _6\"></span>obability weight<span class=\"_ _6\"></span>ed. The ECL calculation is a produc<span class=\"_ _6\"></span>t of an individual loan<span class=\"_ _8\"></span>\u2019<span class=\"_ _6\"></span>s probability of def<span class=\"_ _6\"></span>ault (PD), exposur<span class=\"_ _6\"></span>e at default (EAD<span class=\"_ _6\"></span>) and loss given def<span class=\"_ _6\"></span>ault (L<span class=\"_ _8\"></span>GD) discounted at the EIR. The ECL<span class=\"_ _6\"></span> drivers o<span class=\"_ _6\"></span>f PD<span class=\"_ _8\"></span>, EAD and<span class=\"_ _1\"></span> L<span class=\"_ _8\"></span>GD are modelled at an account lev<span class=\"_ _6\"></span>el. The assessment of whether a SICR has occurred is based on quan<span class=\"_ _6\"></span>titative r<span class=\"_ _6\"></span>elative PD thr<span class=\"_ _6\"></span>esholds and a suite of qualitativ<span class=\"_ _6\"></span>e triggers<span class=\"_ _6\"></span>.<span class=\"_ _383\"> </span>In accordance with PRA CO<span class=\"_ _6\"></span>VID-19 guidance<span class=\"_ _6\"></span>, the Group did not automatically consider the tak<span class=\"_ _8\"></span>e-up of customer paymen<span class=\"_ _6\"></span>t deferr<span class=\"_ _6\"></span>als during the pandemic to be an indication of a SICR and, in the absence of other indicat<span class=\"_ _6\"></span>ors such as pre<span class=\"_ _6\"></span>vious arrear<span class=\"_ _6\"></span>s, lo<span class=\"_ _6\"></span>w credit score or high o<span class=\"_ _6\"></span>ther indebtedness<span class=\"_ _6\"></span>, the staging of these lo<span class=\"_ _6\"></span>ans remains unchanged in its ECL c<span class=\"_ _6\"></span>alculations.<span class=\"_ _383\"> </span>Sign<span class=\"_ _1\"></span>i\ufb01c<span class=\"_ _1\"></span>ant inc<span class=\"_ _1\"></span>re<span class=\"_ _1\"></span>as<span class=\"_ _1\"></span>e in cre<span class=\"_ _1\"></span>dit r<span class=\"_ _1\"></span>isk (movem<span class=\"_ _1\"></span>ent to s<span class=\"_ _1\"></span>tag<span class=\"_ _1\"></span>e 2)<span class=\"_ _383\"> </span>The Group<span class=\"_ _8\"></span>\u2019<span class=\"_ _6\"></span>s transf<span class=\"_ _6\"></span>er criteria determine what constitutes a SICR<span class=\"_ _6\"></span>, which results in an e<span class=\"_ _6\"></span>xposure being mo<span class=\"_ _6\"></span>ved fr<span class=\"_ _6\"></span>om stage 1 to s<span class=\"_ _6\"></span>tage 2.<span class=\"_ _383\"> </span>At the point o<span class=\"_ _6\"></span>f initial recognition, a loan is assigned a PD estimat<span class=\"_ _6\"></span>e. For each month<span class=\"_ _6\"></span>ly reporting date thereafter<span class=\"_ _8\"></span>, an updated PD estimate is computed. The Group<span class=\"_ _8\"></span>\u2019<span class=\"_ _6\"></span>s transf<span class=\"_ _6\"></span>er criteria analyses relativ<span class=\"_ _6\"></span>e changes in PD ver<span class=\"_ _6\"></span>sus the PD assigned at the point of origination, toge<span class=\"_ _6\"></span>ther with qualitative trigger<span class=\"_ _6\"></span>s using both internal indicat<span class=\"_ _6\"></span>ors, such as f<span class=\"_ _6\"></span>orbearance<span class=\"_ _6\"></span>, and external inf<span class=\"_ _6\"></span>ormation, such as changes in income and adverse cr<span class=\"_ _6\"></span>edit information to assess f<span class=\"_ _6\"></span>or SICR. In the ev<span class=\"_ _8\"></span>ent that given early warning trigger<span class=\"_ _6\"></span>s have not alr<span class=\"_ _6\"></span>eady identi\ufb01ed SICR<span class=\"_ _6\"></span>, an account more than 30 days pas<span class=\"_ _6\"></span>t due is considered to hav<span class=\"_ _6\"></span>e experienced a SICR.<span class=\"_ _383\"> </span>A borro<span class=\"_ _6\"></span>wer will mo<span class=\"_ _6\"></span>ve back int<span class=\"_ _6\"></span>o stage 1 only if the SICR de\ufb01nition is no longer trigger<span class=\"_ _6\"></span>ed.<span class=\"_ _383\"> </span>De\ufb01<span class=\"_ _1\"></span>nitio<span class=\"_ _1\"></span>n of def<span class=\"_ _1\"></span>ault (movem<span class=\"_ _1\"></span>ent to s<span class=\"_ _1\"></span>tag<span class=\"_ _1\"></span>e 3)<span class=\"_ _383\"> </span>The Group uses a number of quan<span class=\"_ _6\"></span>titative and qualitativ<span class=\"_ _8\"></span>e criteria to determine whether an account meets the de\ufb01nition of def<span class=\"_ _6\"></span>ault and theref<span class=\"_ _6\"></span>ore mov<span class=\"_ _6\"></span>es to stage 3<span class=\"_ _6\"></span>. The criteria curren<span class=\"_ _6\"></span>tly include:<span class=\"_ _383\"> </span>\u2022 <span class=\"_ _124\"> </span><span class=\"ws2\">If an acc<span class=\"_ _1\"></span>ount is more than 90 days pas<span class=\"_ _6\"></span>t due. </span>\u2022 <span class=\"_ _124\"> </span><span class=\"ws2\">Accounts that have mov<span class=\"_ _6\"></span>ed into an un<span class=\"_ _6\"></span>lik<span class=\"_ _6\"></span>ely to pay position, which includes forbear<span class=\"_ _6\"></span>ance, bankruptcy, r<span class=\"_ _6\"></span>epossession and interes<span class=\"_ _6\"></span>t-only term </span>expiry.<span class=\"_ _383\"> </span>A borro<span class=\"_ _6\"></span>wer will mo<span class=\"_ _6\"></span>ve out of s<span class=\"_ _6\"></span>tage 3 when its cre<span class=\"_ _6\"></span>dit risk improv<span class=\"_ _6\"></span>es such that it no longer meets the 90 days past due and unlik<span class=\"_ _8\"></span>ely to pay criteria and following this has complet<span class=\"_ _6\"></span>ed an internally appr<span class=\"_ _6\"></span>ove<span class=\"_ _6\"></span>d probation period. The borro<span class=\"_ _6\"></span>wer will mo<span class=\"_ _8\"></span>ve to stage 1 or s<span class=\"_ _6\"></span>tage 2 dependent on whether the SICR applies.<span class=\"_ _383\"> </span>Forward-looking<span class=\"_ _6\"></span> macroeconomic scenarios<span class=\"_ _383\"> </span>The risk of default and ECL<span class=\"_ _6\"></span> loss assessments tak<span class=\"_ _8\"></span>e into consideration e<span class=\"_ _6\"></span>xpectations of economic changes that are deemed to be r<span class=\"_ _6\"></span>easonably possible.<span class=\"_ _383\"> </span>The Group conducts analysis to det<span class=\"_ _6\"></span>ermine the most signi\ufb01cant f<span class=\"_ _6\"></span>actors which may in\ufb02uence the lik<span class=\"_ _8\"></span>elihood of an exposure de<span class=\"_ _6\"></span>faulting in the future<span class=\"_ _6\"></span>. The macroeconomic factors r<span class=\"_ _6\"></span>elate to the HPI, unemployment r<span class=\"_ _8\"></span>ate (UR), Consumer Pric<span class=\"_ _1\"></span>e Index (CPI), Gr<span class=\"_ _6\"></span>oss domestic pro<span class=\"_ _6\"></span>duct (GDP), Commercial Real Es<span class=\"_ _6\"></span>tate Index (<span class=\"_ _6\"></span>CRE) and the Bank of England Base Rate (BBR).<span class=\"_ _383\"> </span>The Group has de<span class=\"_ _6\"></span>veloped an appro<span class=\"_ _6\"></span>ach for factoring pr<span class=\"_ _6\"></span>obability-weigh<span class=\"_ _6\"></span>ted macroeconomic forecas<span class=\"_ _6\"></span>ts into ECL<span class=\"_ _6\"></span> calculations, adjus<span class=\"_ _6\"></span>ting PD and L<span class=\"_ _8\"></span>GD estimates<span class=\"_ _6\"></span>. The macroeconomic scenarios feed directly int<span class=\"_ _6\"></span>o the ECL calculation, as the adjust<span class=\"_ _6\"></span>ed PD<span class=\"_ _8\"></span>, lifetime PD and L<span class=\"_ _6\"></span>GD estimates ar<span class=\"_ _6\"></span>e used within the individual account ECL allo<span class=\"_ _6\"></span>wance calculations<span class=\"_ _6\"></span>.<span class=\"_ _383\"> </span>The Group sources economic for<span class=\"_ _6\"></span>ecast information fr<span class=\"_ _6\"></span>om an appropriately quali\ufb01ed thir<span class=\"_ _6\"></span>d party when determining scenarios. The Group consider<span class=\"_ _6\"></span>s four probability-<span class=\"_ _6\"></span>weight<span class=\"_ _6\"></span>ed scenarios, base<span class=\"_ _6\"></span>, upside, do<span class=\"_ _6\"></span>wnside and sev<span class=\"_ _6\"></span>ere downside scenarios<span class=\"_ _8\"></span>.<span class=\"_ _1\"></span> The base case is also utilised within the Group<span class=\"_ _8\"></span>\u2019<span class=\"_ _8\"></span>s impairment forecasting pr<span class=\"_ _6\"></span>ocess which in turn feeds the wider business planning processes. The ECL models are also use<span class=\"_ _6\"></span>d to set the Group<span class=\"_ _8\"></span>\u2019<span class=\"_ _8\"></span>s credit risk appetite thresholds and limits<span class=\"_ _6\"></span>.<span class=\"_ _383\"> </span>Peri<span class=\"_ _1\"></span>od ove<span class=\"_ _1\"></span>r wh<span class=\"_ _1\"></span>ich EC<span class=\"_ _1\"></span>L is me<span class=\"_ _1\"></span>as<span class=\"_ _1\"></span>ure<span class=\"_ _1\"></span>d ECL is measure<span class=\"_ _6\"></span>d from the initial recognition of the asset which is the dat<span class=\"_ _6\"></span>e at which the loan is originated or the date a loan is purchase<span class=\"_ _6\"></span>d and at each balance sheet date thereafter<span class=\"_ _8\"></span>. The maximum period considered when measuring ECL (<span class=\"_ _8\"></span>either 12 months or lifetime ECL) is the maximum contractual perio<span class=\"_ _6\"></span>d ov<span class=\"_ _6\"></span>er which the Group is exposed t<span class=\"_ _6\"></span>o the credit risk of the asset. For modelling purposes<span class=\"_ _8\"></span>, the Group considers the contractual maturity of the loan produc<span class=\"_ _6\"></span>t and then considers the behavioural tr<span class=\"_ _6\"></span>ends of the asset.<span class=\"_ _383\"> </span>Purchased or ori<span class=\"_ _6\"></span>ginated credi<span class=\"_ _6\"></span>t impaired (POCI)<span class=\"_ _383\"> </span>Acquired loans that meet the Gr<span class=\"_ _6\"></span>oup<span class=\"_ _8\"></span>\u2019<span class=\"_ _6\"></span>s de\ufb01nition of def<span class=\"_ _6\"></span>ault (90 days past due or an unlik<span class=\"_ _8\"></span>ely to pay position) at acquisition are treat<span class=\"_ _6\"></span>ed as POCI assets<span class=\"_ _6\"></span>. These assets attract a lif<span class=\"_ _6\"></span>etime ECL allo<span class=\"_ _6\"></span>wance o<span class=\"_ _6\"></span>ver the full term of the lo<span class=\"_ _6\"></span>an, even when these lo<span class=\"_ _6\"></span>ans no longer meet the de\ufb01nition of def<span class=\"_ _6\"></span>ault post acquisition. The Gr<span class=\"_ _6\"></span>oup does not originate credit-impaire<span class=\"_ _6\"></span>d loans.<span class=\"_ _383\"> </span>Intercomp<span class=\"_ _1\"></span>any loans<span class=\"_ _383\"> </span>Inter<span class=\"_ _6\"></span>company receivables in the Company \ufb01nancial statemen<span class=\"_ _6\"></span>ts are assessed for ECL<span class=\"_ _6\"></span> based on an assessment of the PD and L<span class=\"_ _1f6\"></span>GD, discoun<span class=\"_ _6\"></span>ted to a net present v<span class=\"_ _6\"></span>alue. Other \ufb01nan<span class=\"_ _1\"></span>cial ass<span class=\"_ _1\"></span>ets<span class=\"_ _383\"> </span>Other \ufb01nancial assets comprise cash balances with the Bank of England (BoE) and other credit ins<span class=\"_ _6\"></span>titutions and high grade in<span class=\"_ _6\"></span>ves<span class=\"_ _6\"></span>tment securities. The Group deems the lik<span class=\"_ _8\"></span>elihood of default across these counterparties as lo<span class=\"_ _6\"></span>w and does not recognise a provision agains<span class=\"_ _6\"></span>t the carrying balances.<span class=\"_ _383\"> </span>Share repurcha<span class=\"_ _6\"></span>se Upon Board authorisation of a shar<span class=\"_ _6\"></span>e repurchase pr<span class=\"_ _6\"></span>ogramme and signing an irr<span class=\"_ _6\"></span>ev<span class=\"_ _6\"></span>ocable agreement, a shar<span class=\"_ _6\"></span>e repurchase liability is r<span class=\"_ _6\"></span>ecognised in <span class=\"_ _383\">other liabilities with the offset in r</span><span class=\"_ _6\"></span>etained earnings<span class=\"_ _6\"></span>. Each share r<span class=\"_ _6\"></span>epurchase re<span class=\"_ _6\"></span>duces the provision. Upon shar<span class=\"_ _6\"></span>e cancellation, share capital is debited with a credit to the capit<span class=\"_ _6\"></span>al redemption reserve equal t<span class=\"_ _6\"></span>o \u00a30<span class=\"_ _6\"></span>.01 f<span class=\"_ _6\"></span>or each share cancelled.<span class=\"_ _383\"> </span><span class=\"_ _383\">s)\u2002Depos</span><span class=\"_ _1\"></span>its, d<span class=\"_ _1\"></span>ebt s<span class=\"_ _1\"></span>ec<span class=\"_ _1\"></span>uritie<span class=\"_ _1\"></span>s in iss<span class=\"_ _1\"></span>ue and s<span class=\"_ _1\"></span>ubo<span class=\"_ _1\"></span>rdinat<span class=\"_ _1\"></span>ed li<span class=\"_ _1\"></span>abiliti<span class=\"_ _1\"></span>es<span class=\"_ _383\"> </span>Deposits, debt securities in issue and subor<span class=\"_ _6\"></span>dinated liabilities are the Gr<span class=\"_ _6\"></span>oup<span class=\"_ _6\"></span>\u2019<span class=\"_ _8\"></span>s sources of debt funding. They comprise deposits from r<span class=\"_ _6\"></span>etail customer<span class=\"_ _6\"></span>s and credit institutions<span class=\"_ _8\"></span>, including c<span class=\"_ _1\"></span>ollateralised lo<span class=\"_ _6\"></span>an advances from the BoE under the TFSME, asset-back<span class=\"_ _8\"></span>ed loan notes issued through the Group<span class=\"_ _8\"></span>\u2019<span class=\"_ _6\"></span>s securitisation progr<span class=\"_ _6\"></span>ammes and subordinated liabilities<span class=\"_ _8\"></span>. Subordinated liabilities include the Sterling PSBs where the t<span class=\"_ _6\"></span>erms allow no absolute discretion o<span class=\"_ _6\"></span>ver the paymen<span class=\"_ _6\"></span>t of inter<span class=\"_ _6\"></span>est. These \ufb01nancial liabilities are initially me<span class=\"_ _6\"></span>asured at fair v<span class=\"_ _6\"></span>alue less direct transaction cos<span class=\"_ _6\"></span>ts, and subsequently held at amortised cost using the EIR method.<span class=\"_ _383\"> </span>Cash received under the TF<span class=\"_ _6\"></span>SME is recorded in amoun<span class=\"_ _6\"></span>ts ow<span class=\"_ _6\"></span>ed to cre<span class=\"_ _6\"></span>dit institutions<span class=\"_ _6\"></span>. Interes<span class=\"_ _6\"></span>t is accrued ov<span class=\"_ _6\"></span>er the life of the agr<span class=\"_ _6\"></span>eements on an EIR basis<span class=\"_ _383\"> </span>. ",
   "dimensions": {
    "concept": "ifrs-full:DescriptionOfAccountingPolicyForFinancialLiabilitiesExplanatory",
    "language": "en",
    "entity": "scheme:213800ZBKL9BHSL2K459",
    "period": "2022-01-01T00:00:00/2023-01-01T00:00:00"
   }
  },
  "fact-612": {
   "value": "p<span class=\"_ _6\"></span><span class=\"_ _383\">)\u2002Financial instrum</span><span class=\"_ _1\"></span>ents<span class=\"_ _383\"> </span><span class=\"_ _383\">i.\u2002Rec</span><span class=\"_ _1\"></span>ogn<span class=\"_ _1\"></span>ition<span class=\"_ _383\"> </span>The Group initially recognises loans and adv<span class=\"_ _6\"></span>ances, deposits<span class=\"_ _6\"></span>, debt securities issued and subordinated liabilities on the dat<span class=\"_ _6\"></span>e on which they are originated or acquired. All o<span class=\"_ _6\"></span>ther \ufb01nancial instruments ar<span class=\"_ _6\"></span>e accounted for on the tr<span class=\"_ _6\"></span>ade date which is when the Group becomes a party to the contractual pr<span class=\"_ _6\"></span>ovisions o<span class=\"_ _6\"></span>f the instrument. For \ufb01nancial instrument<span class=\"_ _6\"></span>s classi\ufb01ed as amortised cost or FVOCI, the Gr<span class=\"_ _6\"></span>oup initially recognises \ufb01nancial assets and \ufb01nancial liabilities at fair v<span class=\"_ _6\"></span>alue plus transaction income or cost<span class=\"_ _6\"></span>s that are directly attributable t<span class=\"_ _6\"></span>o its origination, acquisition or issue. Financial ins<span class=\"_ _6\"></span>truments classi\ufb01ed as amortised cost are subsequen<span class=\"_ _6\"></span>tly measured using the EIR method. T<span class=\"_ _8\"></span>ransaction costs r<span class=\"_ _6\"></span>elating to the acquisition or issue of a \ufb01nancial ins<span class=\"_ _6\"></span>trument at FVTPL are recognised in the pro<span class=\"_ _6\"></span>\ufb01t or loss as incurred. A<span class=\"_ _8\"></span>T1 securities are designated as equity instrumen<span class=\"_ _6\"></span>ts and recognised at fair v<span class=\"_ _6\"></span>alue on the date of issuance in equity along with incremen<span class=\"_ _6\"></span>tal costs directly attributable to the issuance of equity ins<span class=\"_ _6\"></span>truments<span class=\"_ _8\"></span>.<span class=\"_ _383\"> </span><span class=\"_ _383\">ii.\u2002</span><span class=\"_ _6\"></span>Classi\ufb01cation<span class=\"_ _383\"> </span>The Group classi\ufb01es \ufb01nancial instrumen<span class=\"_ _6\"></span>ts based on the business model and the contr<span class=\"_ _6\"></span>actual cash \ufb02o<span class=\"_ _6\"></span>w characteris<span class=\"_ _6\"></span>tics of the \ufb01nancial instrumen<span class=\"_ _6\"></span>ts. Under IFRS 9<span class=\"_ _1f6\"></span>, the Group classi\ufb01es \ufb01nancial assets in<span class=\"_ _6\"></span>to one of three measur<span class=\"_ _6\"></span>ement categories:<span class=\"_ _383\"> </span>\u2022 <span class=\"_ _124\"> </span><span class=\"ff2 ws2\">Amor<span class=\"_ _1\"></span>tised c<span class=\"_ _1\"></span>ost<span class=\"ff1\"> \u2013 assets in a business model to hold \ufb01nancial assets in or<span class=\"_ _6\"></span>der to collect contrac<span class=\"_ _6\"></span>tual cash \ufb02ows<span class=\"_ _8\"></span>, where the contractual terms o<span class=\"_ _6\"></span>f </span></span>the \ufb01nancial asset give rise on speci\ufb01ed dates t<span class=\"_ _6\"></span>o cash \ufb02ows that ar<span class=\"_ _6\"></span>e solely payments of principal and in<span class=\"_ _6\"></span>teres<span class=\"_ _6\"></span>t (SPPI) on the principal amount outstanding. \u2022 <span class=\"_ _124\"> </span><span class=\"ff2 lsee wsf3\">F<span class=\"_ _2\"></span>VO<span class=\"_ _1\"></span>C<span class=\"_ _1\"></span>I<span class=\"_ _2\"></span></span><span class=\"ws2\"> \u2013 assets held in a business model which collects contr<span class=\"_ _6\"></span>actual cash \ufb02ow<span class=\"_ _6\"></span>s and sells \ufb01nancial assets where the contr<span class=\"_ _6\"></span>actual terms of the </span>\ufb01nancial assets give rise on speci\ufb01ed dat<span class=\"_ _6\"></span>es to cash \ufb02ows that ar<span class=\"_ _6\"></span>e SPPI on the principal amount outs<span class=\"_ _6\"></span>tanding. \u2022 <span class=\"_ _124\"> </span><span class=\"ff2\">F<span class=\"_ _1\"></span>V<span class=\"_ _1\"></span>TPL</span><span class=\"ws2\"> \u2013 assets not measured at amortised cost or FV<span class=\"_ _8\"></span>OCI. The Group measures derivativ<span class=\"_ _6\"></span>es, an acquir<span class=\"_ _6\"></span>ed mortgage por<span class=\"_ _1\"></span>tfolio and an </span>inv<span class=\"_ _6\"></span>estment security under this cate<span class=\"_ _6\"></span>gory. The Group classi\ufb01es non-derivativ<span class=\"_ _6\"></span>e \ufb01nancial liabilities as measured at amortised cost.<span class=\"_ _383\"> </span>The Group has no non-derivativ<span class=\"_ _6\"></span>e \ufb01nancial assets or liabilities classi\ufb01ed as held for tr<span class=\"_ _6\"></span>ading. The Group reassesses it<span class=\"_ _6\"></span>s business models each reporting period.<span class=\"_ _383\"> </span>The Group classi\ufb01es certain \ufb01nancial instruments as e<span class=\"_ _6\"></span>quity where they meet the follo<span class=\"_ _6\"></span>wing conditions:<span class=\"_ _383\"> </span>\u2022 <span class=\"_ _124\"> </span><span class=\"ws2\">the \ufb01nancial instrument includes no contr<span class=\"_ _6\"></span>actual obligation to deliver cash or another \ufb01nancial asse<span class=\"_ _6\"></span>t on potentially unf<span class=\"_ _6\"></span>avour<span class=\"_ _6\"></span>able conditions;<span class=\"_ _383\"> </span></span>\u2022 <span class=\"_ _124\"> </span><span class=\"ws2\">the \ufb01nancial instrument is a non-derivativ<span class=\"_ _6\"></span>e that includes no contractual obligation f<span class=\"_ _6\"></span>or the issuer to deliver a v<span class=\"_ _6\"></span>ariable number of its own e<span class=\"_ _6\"></span>quity </span>instrument<span class=\"_ _6\"></span>s; or<span class=\"_ _383\"> </span>\u2022 <span class=\"_ _124\"> </span><span class=\"ws2\">the \ufb01nancial instrument is a derivativ<span class=\"_ _6\"></span>e that will be settled only by the issuer ex<span class=\"_ _6\"></span>changing a \ufb01xed amount o<span class=\"_ _6\"></span>f cash or another \ufb01nancial asset for </span>a \ufb01xed number of it<span class=\"_ _6\"></span>s own equity ins<span class=\"_ _6\"></span>truments<span class=\"_ _6\"></span>.<span class=\"_ _383\"> </span>During the year equity \ufb01nancial instrumen<span class=\"_ _6\"></span>ts comprised own shar<span class=\"_ _6\"></span>es, and A<span class=\"_ _1f6\"></span>T1 securities (2021: and non-controlling in<span class=\"_ _6\"></span>terest securities). Accor<span class=\"_ _6\"></span>dingly, the coupons paid on the non-controlling int<span class=\"_ _6\"></span>erest securities and A<span class=\"_ _1f6\"></span>T1 securities are recognised directly in retaine<span class=\"_ _6\"></span><span class=\"_ _383\">d earnings when paid.\u2003</span><span class=\"_ _383\">iii.\u2002D</span><span class=\"_ _1\"></span>ere<span class=\"_ _1\"></span>co<span class=\"_ _1\"></span>gnit<span class=\"_ _1\"></span>ion<span class=\"_ _383\"> </span>The Group derecognises \ufb01nancial assets when the con<span class=\"_ _6\"></span>tractual righ<span class=\"_ _6\"></span>ts to the cash \ufb02ow<span class=\"_ _6\"></span>s expire or the Gr<span class=\"_ _6\"></span>oup transf<span class=\"_ _6\"></span>ers subst<span class=\"_ _6\"></span>antially all risk<span class=\"_ _6\"></span>s and re<span class=\"_ _6\"></span>war<span class=\"_ _6\"></span>ds of owner<span class=\"_ _6\"></span>ship of the \ufb01nancial asset. <span class=\"_ _383\">The Group off</span><span class=\"_ _6\"></span>ers re<span class=\"_ _6\"></span>\ufb01nancing options to customer<span class=\"_ _6\"></span>s which have been assessed within the principles of IFR<span class=\"_ _6\"></span>S 9 and rele<span class=\"_ _6\"></span>vant guidance. The assessment concludes the original mortgage asset is derecognised at the re\ufb01nancing poin<span class=\"_ _6\"></span>t with a new \ufb01nancial asset r<span class=\"_ _6\"></span>ecognised.<span class=\"_ _383\"> </span>The forbear<span class=\"_ _6\"></span><span class=\"_ _383\">ance measures offer</span><span class=\"_ _6\"></span>ed by the Group are consider<span class=\"_ _6\"></span>ed a modi\ufb01cation ev<span class=\"_ _8\"></span>ent as the contractual cash \ufb02o<span class=\"_ _6\"></span>ws are r<span class=\"_ _6\"></span>enegotiated or otherwise modi\ufb01ed. The Group considers the r<span class=\"_ _6\"></span>enegotiated or modi\ufb01ed cash \ufb02o<span class=\"_ _8\"></span>ws are not a substantial mo<span class=\"_ _6\"></span>di\ufb01cation from the contr<span class=\"_ _6\"></span>actual cash \ufb02ow<span class=\"_ _6\"></span>s and does not consider that forbearance measur<span class=\"_ _6\"></span>es give rise to a der<span class=\"_ _6\"></span>ecognition even<span class=\"_ _6\"></span>t. Financial liabilities are derecognised only when the obligation is dischar<span class=\"_ _6\"></span>ged, cancelled or has expir<span class=\"_ _6\"></span>ed.<span class=\"_ _383\"> </span><span class=\"_ _383\">iv.\u2002Offse</span><span class=\"_ _1\"></span>tti<span class=\"_ _1\"></span>ng<span class=\"_ _383\"> </span>Financial assets and \ufb01nancial liabilities are o<span class=\"_ _6\"></span><span class=\"_ _383\">ffset and the net amount pr</span><span class=\"_ _6\"></span>esented in the Consolidated S<span class=\"_ _6\"></span>tatement o<span class=\"_ _6\"></span>f Financial Position when, and only when, the Group curren<span class=\"_ _6\"></span>tly has a legally enfor<span class=\"_ _6\"></span><span class=\"_ _383\">ceable right to off</span><span class=\"_ _6\"></span>set the amounts and it in<span class=\"_ _6\"></span>tends either to settle them on a net basis or to r<span class=\"_ _6\"></span>ealise the asset and settle the liability simultaneously. The Group<span class=\"_ _8\"></span>\u2019<span class=\"_ _6\"></span>s derivativ<span class=\"_ _6\"></span>es are cov<span class=\"_ _6\"></span>ered by indus<span class=\"_ _6\"></span>try standar<span class=\"_ _6\"></span>d master netting agr<span class=\"_ _6\"></span>eements<span class=\"_ _6\"></span>. Master netting agr<span class=\"_ _6\"></span>eements creat<span class=\"_ _6\"></span>e a right of set-o<span class=\"_ _6\"></span><span class=\"_ _383\">ff that </span>becomes enforceable only follo<span class=\"_ _8\"></span>wing a spe<span class=\"_ _1\"></span>ci\ufb01ed ev<span class=\"_ _6\"></span>ent of de<span class=\"_ _6\"></span>fault or in other circums<span class=\"_ _6\"></span>tances not expected to arise in the normal cour<span class=\"_ _6\"></span>se of business<span class=\"_ _6\"></span>. These arrangemen<span class=\"_ _6\"></span><span class=\"_ _383\">ts do not qualify for off</span><span class=\"_ _6\"></span>setting and as such the Group reports derivativ<span class=\"_ _6\"></span>es on a gross basis<span class=\"_ _6\"></span>.<span class=\"_ _383\"> </span>Collateral in r<span class=\"_ _6\"></span>espect of derivatives is subject t<span class=\"_ _6\"></span>o the standar<span class=\"_ _6\"></span>d industry terms of In<span class=\"_ _6\"></span>ternational Sw<span class=\"_ _6\"></span>aps and Derivatives Association (ISD<span class=\"_ _6\"></span>A) Credit Support Annex. This means that the cash r<span class=\"_ _6\"></span>eceived or given as collater<span class=\"_ _6\"></span>al can be pledged or used during the term o<span class=\"_ _6\"></span>f the transaction but mus<span class=\"_ _6\"></span>t be returned on maturity of the tr<span class=\"_ _8\"></span>ansaction. The terms also give each counterparty the right to terminate the r<span class=\"_ _6\"></span>elated tr<span class=\"_ _6\"></span>ansactions upon the counterparty\u2019<span class=\"_ _1f6\"></span>s failure to post collater<span class=\"_ _6\"></span>al. Collateral paid or receiv<span class=\"_ _6\"></span><span class=\"_ _383\">ed does not qualify for off</span><span class=\"_ _6\"></span>setting and is recognised in loans and advances to credit ins<span class=\"_ _6\"></span>titutions and amounts o<span class=\"_ _6\"></span>wed to cr<span class=\"_ _6\"></span>edit institutions<span class=\"_ _6\"></span>, respectiv<span class=\"_ _6\"></span>ely.<span class=\"_ _383\"> </span>v<span class=\"_ _6\"></span><span class=\"_ _383\">.\u2002Amo</span><span class=\"_ _1\"></span>rti<span class=\"_ _1\"></span>se<span class=\"_ _1\"></span>d co<span class=\"_ _1\"></span>st me<span class=\"_ _1\"></span>as<span class=\"_ _1\"></span>ure<span class=\"_ _1\"></span>me<span class=\"_ _1\"></span>nt<span class=\"_ _383\"> </span>The amortised cost of a \ufb01nancial asset or \ufb01nancial liability is the amount at which the \ufb01nancial asset or \ufb01nancial liability is measur<span class=\"_ _6\"></span>ed at initial recognition, less principal payments or r<span class=\"_ _6\"></span>eceipts, plus or minus the cumulativ<span class=\"_ _6\"></span><span class=\"_ _383\">e amortisation using the EIR method of any difference betw</span><span class=\"_ _6\"></span>een the initial amount recognised and the maturity amoun<span class=\"_ _6\"></span>t, minus any reduction for impairmen<span class=\"_ _6\"></span>t of assets<span class=\"_ _6\"></span>.<span class=\"_ _383\"> </span><span class=\"_ _383\">vi.\u2002Fa</span><span class=\"_ _1\"></span>ir valu<span class=\"_ _1\"></span>e me<span class=\"_ _1\"></span>asur<span class=\"_ _1\"></span>em<span class=\"_ _1\"></span>ent<span class=\"_ _383\"> </span>Fair value is the price that would be r<span class=\"_ _6\"></span>eceived to sell an asset or paid to tr<span class=\"_ _8\"></span>ansfer a liability in an orderly transaction be<span class=\"_ _6\"></span>tween mark<span class=\"_ _8\"></span>et par<span class=\"_ _1\"></span>ticipants at the measurement dat<span class=\"_ _6\"></span>e in the principal or<span class=\"_ _8\"></span>, in its absence, the most adv<span class=\"_ _6\"></span>antageous mark<span class=\"_ _8\"></span>et to which the Group has access at that date. When available, the Gr<span class=\"_ _6\"></span>oup measures the f<span class=\"_ _6\"></span>air value of an instrumen<span class=\"_ _6\"></span>t using the quoted price in an activ<span class=\"_ _6\"></span>e mark<span class=\"_ _6\"></span>et for that ins<span class=\"_ _6\"></span>trument. A mark<span class=\"_ _8\"></span>et is<span class=\"_ _1\"></span> regar<span class=\"_ _6\"></span>ded as active if tr<span class=\"_ _6\"></span>ansactions for the asset or liability tak<span class=\"_ _8\"></span><span class=\"_ _383\">e place with sufficient frequency and v</span><span class=\"_ _6\"></span>olume to pro<span class=\"_ _6\"></span>vide pricing information on an ongoing basis. The Gr<span class=\"_ _6\"></span>oup measures its in<span class=\"_ _6\"></span>ves<span class=\"_ _6\"></span>tment securities and Perpetual Subordinat<span class=\"_ _6\"></span>ed Bonds (PSBs) at fair value using quoted mark<span class=\"_ _8\"></span>et prices where available<span class=\"_ _6\"></span><span class=\"_ _383\">. \u2003</span>If there is no quoted price in an activ<span class=\"_ _6\"></span>e mark<span class=\"_ _8\"></span>et, then the Group uses valuation techniques that maximise the use of rele<span class=\"_ _6\"></span>vant observable inputs and minimise the use of unobservable inputs. The Group uses SONIA curves to value it<span class=\"_ _6\"></span>s derivatives<span class=\"_ _8\"></span>, previously a combination of LIBOR and SONIA curves<span class=\"_ _6\"></span>. The fair value of the Gr<span class=\"_ _6\"></span>oup<span class=\"_ _6\"></span>\u2019<span class=\"_ _8\"></span>s derivative \ufb01nancial instrument<span class=\"_ _6\"></span>s incorporates cre<span class=\"_ _6\"></span>dit valuation adjustmen<span class=\"_ _6\"></span>ts (C<span class=\"_ _8\"></span>V<span class=\"_ _6\"></span>A) and debit valuation adjustmen<span class=\"_ _6\"></span>ts (D<span class=\"_ _6\"></span>V<span class=\"_ _8\"></span>A). The DV<span class=\"_ _1f6\"></span>A and CV<span class=\"_ _1f6\"></span>A take in<span class=\"_ _6\"></span>to account the respective cr<span class=\"_ _6\"></span>edit ratings o<span class=\"_ _6\"></span>f the Group<span class=\"_ _8\"></span>\u2019<span class=\"_ _6\"></span>s two banking en<span class=\"_ _6\"></span>tities and counterparty and whether the derivative is collater<span class=\"_ _6\"></span>alised or not. Derivativ<span class=\"_ _6\"></span>es are valued using discoun<span class=\"_ _6\"></span>ted cash \ufb02ow models and observable mark<span class=\"_ _8\"></span>et data and are sensitiv<span class=\"_ _6\"></span>e to benchmark inter<span class=\"_ _6\"></span>est and basis rat<span class=\"_ _6\"></span>e curves. The fair value of in<span class=\"_ _6\"></span>ves<span class=\"_ _6\"></span>tment securities held at FVTPL is measured using a discounted cash \ufb02o<span class=\"_ _6\"></span>w model.<span class=\"_ _383\"> </span><span class=\"_ _383\">vii.\u2002I</span><span class=\"_ _1\"></span>de<span class=\"_ _1\"></span>nti\ufb01c<span class=\"_ _1\"></span>ation a<span class=\"_ _1\"></span>nd m<span class=\"_ _1\"></span>eas<span class=\"_ _1\"></span>ure<span class=\"_ _1\"></span>me<span class=\"_ _1\"></span>nt of imp<span class=\"_ _1\"></span>air<span class=\"_ _1\"></span>men<span class=\"_ _1\"></span>t of \ufb01n<span class=\"_ _1\"></span>anci<span class=\"_ _1\"></span>al as<span class=\"_ _1\"></span>se<span class=\"_ _1\"></span>ts<span class=\"_ _383\"> </span>The Group assesses all \ufb01nancial assets f<span class=\"_ _6\"></span>or impairment. Loans a<span class=\"_ _1\"></span>nd adva<span class=\"_ _1\"></span>nc<span class=\"_ _1\"></span>es to cu<span class=\"_ _1\"></span>stom<span class=\"_ _1\"></span>ers<span class=\"_ _383\"> </span>The Group uses the IFRS 9 thr<span class=\"_ _6\"></span>ee-stage ECL appr<span class=\"_ _6\"></span>oach for measuring impairmen<span class=\"_ _6\"></span>t. The three impairment st<span class=\"_ _6\"></span>ages are as follo<span class=\"_ _6\"></span>ws:<span class=\"_ _383\"> </span>\u2022 <span class=\"_ _124\"> </span><span class=\"ff2 ws2\">Stage 1<span class=\"ff1\"> \u2013 a 12 month ECL allow<span class=\"_ _8\"></span>anc<span class=\"_ _1\"></span>e is recognised where ther<span class=\"_ _6\"></span>e is no signi\ufb01cant increase in cr<span class=\"_ _6\"></span>edit risk (SICR) since initial recognition.<span class=\"_ _383\"> </span></span></span>\u2022 <span class=\"_ _124\"> </span><span class=\"ff2 ws2\">Stage 2<span class=\"ff1\"> \u2013 a lifetime ECL allow<span class=\"_ _8\"></span>anc<span class=\"_ _1\"></span>e is recognised for assets wher<span class=\"_ _6\"></span>e a SICR is identi\ufb01ed since initial recognition. The assessment o<span class=\"_ _6\"></span>f whether </span></span>credit risk has incre<span class=\"_ _6\"></span>ased signi\ufb01cantly since initial recognition is performed for each r<span class=\"_ _6\"></span>eporting period for the life of the loan.<span class=\"_ _383\"> </span>\u2022 <span class=\"_ _124\"> </span><span class=\"ff2 ws2\">Stage 3<span class=\"ff1\"> \u2013 requires objective e<span class=\"_ _8\"></span>videnc<span class=\"_ _1\"></span>e that an asset is credit impair<span class=\"_ _6\"></span>ed, at which point a lifetime ECL<span class=\"_ _6\"></span> allow<span class=\"_ _6\"></span>ance is recognised.<span class=\"_ _383\"> </span></span></span>The Group measures impairmen<span class=\"_ _6\"></span>t through the use of individual and mo<span class=\"_ _6\"></span>delled assessments<span class=\"_ _6\"></span>. Individual assessment<span class=\"_ _383\"> </span>The Group<span class=\"_ _8\"></span>\u2019<span class=\"_ _6\"></span>s pro<span class=\"_ _6\"></span>visioning process requir<span class=\"_ _6\"></span>es individual assessment for high exposur<span class=\"_ _6\"></span>e or higher risk loans<span class=\"_ _6\"></span>, where La<span class=\"_ _6\"></span>w of Property Act (LP<span class=\"_ _8\"></span>A) receivers have been appoint<span class=\"_ _6\"></span>ed, the property is tak<span class=\"_ _6\"></span>en into possession or ther<span class=\"_ _6\"></span>e are other e<span class=\"_ _6\"></span>vent<span class=\"_ _6\"></span>s that suggest a high probability o<span class=\"_ _6\"></span>f credit loss<span class=\"_ _6\"></span>. Loans ar<span class=\"_ _6\"></span>e considered at a connection lev<span class=\"_ _6\"></span>el, i.e<span class=\"_ _6\"></span>. including all loans connected to the cust<span class=\"_ _6\"></span>omer<span class=\"_ _8\"></span>. The Group estimat<span class=\"_ _6\"></span>es cash \ufb02ows fr<span class=\"_ _6\"></span>om these loans, including e<span class=\"_ _6\"></span>xpected inter<span class=\"_ _6\"></span>est and principal paymen<span class=\"_ _6\"></span>ts, r<span class=\"_ _6\"></span>ental or sale pr<span class=\"_ _6\"></span>oceeds, selling and other costs<span class=\"_ _6\"></span>. The Group obtains up-to-dat<span class=\"_ _6\"></span>e independent valuations for pr<span class=\"_ _6\"></span>operties put up for sale. For all individually assessed loans with a con\ufb01rmed sale, should the pr<span class=\"_ _6\"></span>esent value o<span class=\"_ _6\"></span>f estimated futur<span class=\"_ _6\"></span>e cash \ufb02ows discoun<span class=\"_ _6\"></span>ted at the original EIR be less than the carrying value of the loan, a pr<span class=\"_ _6\"></span>ovision is r<span class=\"_ _6\"></span><span class=\"_ _383\">ecognised for the difference with such loans being classi\ufb01ed as impair</span><span class=\"_ _6\"></span>ed. How<span class=\"_ _6\"></span>ev<span class=\"_ _6\"></span>er<span class=\"_ _8\"></span>, should the present v<span class=\"_ _6\"></span>alue of the estimate<span class=\"_ _6\"></span>d future cash \ufb02o<span class=\"_ _6\"></span>ws exceed the carrying v<span class=\"_ _6\"></span>alue, no pro<span class=\"_ _8\"></span>vision is recognised. For all remaining individually assessed loans, should a full loss be e<span class=\"_ _6\"></span>xpected, the pro<span class=\"_ _6\"></span>vision is set to the carrying value<span class=\"_ _6\"></span>, with all other individually assessed loans applying the gre<span class=\"_ _6\"></span>ater of either the modelled or individual assessment.<span class=\"_ _383\"> </span>The Group applies a modelled assessmen<span class=\"_ _6\"></span>t to all loans with no individually assessed pro<span class=\"_ _6\"></span>vision.<span class=\"_ _383\"> </span>IFR<span class=\"_ _1\"></span>S 9 mod<span class=\"_ _1\"></span>el<span class=\"_ _1\"></span>le<span class=\"_ _1\"></span>d imp<span class=\"_ _1\"></span>ai<span class=\"_ _1\"></span>rment<span class=\"_ _383\"> </span>Measurement of<span class=\"_ _6\"></span> ECL<span class=\"_ _383\"> </span>The assessment of cr<span class=\"_ _6\"></span>edit risk and the estimation of ECL<span class=\"_ _6\"></span> are unbiased and pr<span class=\"_ _6\"></span>obability weight<span class=\"_ _6\"></span>ed. The ECL calculation is a produc<span class=\"_ _6\"></span>t of an individual loan<span class=\"_ _8\"></span>\u2019<span class=\"_ _6\"></span>s probability of def<span class=\"_ _6\"></span>ault (PD), exposur<span class=\"_ _6\"></span>e at default (EAD<span class=\"_ _6\"></span>) and loss given def<span class=\"_ _6\"></span>ault (L<span class=\"_ _8\"></span>GD) discounted at the EIR. The ECL<span class=\"_ _6\"></span> drivers o<span class=\"_ _6\"></span>f PD<span class=\"_ _8\"></span>, EAD and<span class=\"_ _1\"></span> L<span class=\"_ _8\"></span>GD are modelled at an account lev<span class=\"_ _6\"></span>el. The assessment of whether a SICR has occurred is based on quan<span class=\"_ _6\"></span>titative r<span class=\"_ _6\"></span>elative PD thr<span class=\"_ _6\"></span>esholds and a suite of qualitativ<span class=\"_ _6\"></span>e triggers<span class=\"_ _6\"></span>.<span class=\"_ _383\"> </span>In accordance with PRA CO<span class=\"_ _6\"></span>VID-19 guidance<span class=\"_ _6\"></span>, the Group did not automatically consider the tak<span class=\"_ _8\"></span>e-up of customer paymen<span class=\"_ _6\"></span>t deferr<span class=\"_ _6\"></span>als during the pandemic to be an indication of a SICR and, in the absence of other indicat<span class=\"_ _6\"></span>ors such as pre<span class=\"_ _6\"></span>vious arrear<span class=\"_ _6\"></span>s, lo<span class=\"_ _6\"></span>w credit score or high o<span class=\"_ _6\"></span>ther indebtedness<span class=\"_ _6\"></span>, the staging of these lo<span class=\"_ _6\"></span>ans remains unchanged in its ECL c<span class=\"_ _6\"></span>alculations.<span class=\"_ _383\"> </span>Sign<span class=\"_ _1\"></span>i\ufb01c<span class=\"_ _1\"></span>ant inc<span class=\"_ _1\"></span>re<span class=\"_ _1\"></span>as<span class=\"_ _1\"></span>e in cre<span class=\"_ _1\"></span>dit r<span class=\"_ _1\"></span>isk (movem<span class=\"_ _1\"></span>ent to s<span class=\"_ _1\"></span>tag<span class=\"_ _1\"></span>e 2)<span class=\"_ _383\"> </span>The Group<span class=\"_ _8\"></span>\u2019<span class=\"_ _6\"></span>s transf<span class=\"_ _6\"></span>er criteria determine what constitutes a SICR<span class=\"_ _6\"></span>, which results in an e<span class=\"_ _6\"></span>xposure being mo<span class=\"_ _6\"></span>ved fr<span class=\"_ _6\"></span>om stage 1 to s<span class=\"_ _6\"></span>tage 2.<span class=\"_ _383\"> </span>At the point o<span class=\"_ _6\"></span>f initial recognition, a loan is assigned a PD estimat<span class=\"_ _6\"></span>e. For each month<span class=\"_ _6\"></span>ly reporting date thereafter<span class=\"_ _8\"></span>, an updated PD estimate is computed. The Group<span class=\"_ _8\"></span>\u2019<span class=\"_ _6\"></span>s transf<span class=\"_ _6\"></span>er criteria analyses relativ<span class=\"_ _6\"></span>e changes in PD ver<span class=\"_ _6\"></span>sus the PD assigned at the point of origination, toge<span class=\"_ _6\"></span>ther with qualitative trigger<span class=\"_ _6\"></span>s using both internal indicat<span class=\"_ _6\"></span>ors, such as f<span class=\"_ _6\"></span>orbearance<span class=\"_ _6\"></span>, and external inf<span class=\"_ _6\"></span>ormation, such as changes in income and adverse cr<span class=\"_ _6\"></span>edit information to assess f<span class=\"_ _6\"></span>or SICR. In the ev<span class=\"_ _8\"></span>ent that given early warning trigger<span class=\"_ _6\"></span>s have not alr<span class=\"_ _6\"></span>eady identi\ufb01ed SICR<span class=\"_ _6\"></span>, an account more than 30 days pas<span class=\"_ _6\"></span>t due is considered to hav<span class=\"_ _6\"></span>e experienced a SICR.<span class=\"_ _383\"> </span>A borro<span class=\"_ _6\"></span>wer will mo<span class=\"_ _6\"></span>ve back int<span class=\"_ _6\"></span>o stage 1 only if the SICR de\ufb01nition is no longer trigger<span class=\"_ _6\"></span>ed.<span class=\"_ _383\"> </span>De\ufb01<span class=\"_ _1\"></span>nitio<span class=\"_ _1\"></span>n of def<span class=\"_ _1\"></span>ault (movem<span class=\"_ _1\"></span>ent to s<span class=\"_ _1\"></span>tag<span class=\"_ _1\"></span>e 3)<span class=\"_ _383\"> </span>The Group uses a number of quan<span class=\"_ _6\"></span>titative and qualitativ<span class=\"_ _8\"></span>e criteria to determine whether an account meets the de\ufb01nition of def<span class=\"_ _6\"></span>ault and theref<span class=\"_ _6\"></span>ore mov<span class=\"_ _6\"></span>es to stage 3<span class=\"_ _6\"></span>. The criteria curren<span class=\"_ _6\"></span>tly include:<span class=\"_ _383\"> </span>\u2022 <span class=\"_ _124\"> </span><span class=\"ws2\">If an acc<span class=\"_ _1\"></span>ount is more than 90 days pas<span class=\"_ _6\"></span>t due. </span>\u2022 <span class=\"_ _124\"> </span><span class=\"ws2\">Accounts that have mov<span class=\"_ _6\"></span>ed into an un<span class=\"_ _6\"></span>lik<span class=\"_ _6\"></span>ely to pay position, which includes forbear<span class=\"_ _6\"></span>ance, bankruptcy, r<span class=\"_ _6\"></span>epossession and interes<span class=\"_ _6\"></span>t-only term </span>expiry.<span class=\"_ _383\"> </span>A borro<span class=\"_ _6\"></span>wer will mo<span class=\"_ _6\"></span>ve out of s<span class=\"_ _6\"></span>tage 3 when its cre<span class=\"_ _6\"></span>dit risk improv<span class=\"_ _6\"></span>es such that it no longer meets the 90 days past due and unlik<span class=\"_ _8\"></span>ely to pay criteria and following this has complet<span class=\"_ _6\"></span>ed an internally appr<span class=\"_ _6\"></span>ove<span class=\"_ _6\"></span>d probation period. The borro<span class=\"_ _6\"></span>wer will mo<span class=\"_ _8\"></span>ve to stage 1 or s<span class=\"_ _6\"></span>tage 2 dependent on whether the SICR applies.<span class=\"_ _383\"> </span>Forward-looking<span class=\"_ _6\"></span> macroeconomic scenarios<span class=\"_ _383\"> </span>The risk of default and ECL<span class=\"_ _6\"></span> loss assessments tak<span class=\"_ _8\"></span>e into consideration e<span class=\"_ _6\"></span>xpectations of economic changes that are deemed to be r<span class=\"_ _6\"></span>easonably possible.<span class=\"_ _383\"> </span>The Group conducts analysis to det<span class=\"_ _6\"></span>ermine the most signi\ufb01cant f<span class=\"_ _6\"></span>actors which may in\ufb02uence the lik<span class=\"_ _8\"></span>elihood of an exposure de<span class=\"_ _6\"></span>faulting in the future<span class=\"_ _6\"></span>. The macroeconomic factors r<span class=\"_ _6\"></span>elate to the HPI, unemployment r<span class=\"_ _8\"></span>ate (UR), Consumer Pric<span class=\"_ _1\"></span>e Index (CPI), Gr<span class=\"_ _6\"></span>oss domestic pro<span class=\"_ _6\"></span>duct (GDP), Commercial Real Es<span class=\"_ _6\"></span>tate Index (<span class=\"_ _6\"></span>CRE) and the Bank of England Base Rate (BBR).<span class=\"_ _383\"> </span>The Group has de<span class=\"_ _6\"></span>veloped an appro<span class=\"_ _6\"></span>ach for factoring pr<span class=\"_ _6\"></span>obability-weigh<span class=\"_ _6\"></span>ted macroeconomic forecas<span class=\"_ _6\"></span>ts into ECL<span class=\"_ _6\"></span> calculations, adjus<span class=\"_ _6\"></span>ting PD and L<span class=\"_ _8\"></span>GD estimates<span class=\"_ _6\"></span>. The macroeconomic scenarios feed directly int<span class=\"_ _6\"></span>o the ECL calculation, as the adjust<span class=\"_ _6\"></span>ed PD<span class=\"_ _8\"></span>, lifetime PD and L<span class=\"_ _6\"></span>GD estimates ar<span class=\"_ _6\"></span>e used within the individual account ECL allo<span class=\"_ _6\"></span>wance calculations<span class=\"_ _6\"></span>.<span class=\"_ _383\"> </span>The Group sources economic for<span class=\"_ _6\"></span>ecast information fr<span class=\"_ _6\"></span>om an appropriately quali\ufb01ed thir<span class=\"_ _6\"></span>d party when determining scenarios. The Group consider<span class=\"_ _6\"></span>s four probability-<span class=\"_ _6\"></span>weight<span class=\"_ _6\"></span>ed scenarios, base<span class=\"_ _6\"></span>, upside, do<span class=\"_ _6\"></span>wnside and sev<span class=\"_ _6\"></span>ere downside scenarios<span class=\"_ _8\"></span>.<span class=\"_ _1\"></span> The base case is also utilised within the Group<span class=\"_ _8\"></span>\u2019<span class=\"_ _8\"></span>s impairment forecasting pr<span class=\"_ _6\"></span>ocess which in turn feeds the wider business planning processes. The ECL models are also use<span class=\"_ _6\"></span>d to set the Group<span class=\"_ _8\"></span>\u2019<span class=\"_ _8\"></span>s credit risk appetite thresholds and limits<span class=\"_ _6\"></span>.<span class=\"_ _383\"> </span>Peri<span class=\"_ _1\"></span>od ove<span class=\"_ _1\"></span>r wh<span class=\"_ _1\"></span>ich EC<span class=\"_ _1\"></span>L is me<span class=\"_ _1\"></span>as<span class=\"_ _1\"></span>ure<span class=\"_ _1\"></span>d ECL is measure<span class=\"_ _6\"></span>d from the initial recognition of the asset which is the dat<span class=\"_ _6\"></span>e at which the loan is originated or the date a loan is purchase<span class=\"_ _6\"></span>d and at each balance sheet date thereafter<span class=\"_ _8\"></span>. The maximum period considered when measuring ECL (<span class=\"_ _8\"></span>either 12 months or lifetime ECL) is the maximum contractual perio<span class=\"_ _6\"></span>d ov<span class=\"_ _6\"></span>er which the Group is exposed t<span class=\"_ _6\"></span>o the credit risk of the asset. For modelling purposes<span class=\"_ _8\"></span>, the Group considers the contractual maturity of the loan produc<span class=\"_ _6\"></span>t and then considers the behavioural tr<span class=\"_ _6\"></span>ends of the asset.<span class=\"_ _383\"> </span>Purchased or ori<span class=\"_ _6\"></span>ginated credi<span class=\"_ _6\"></span>t impaired (POCI)<span class=\"_ _383\"> </span>Acquired loans that meet the Gr<span class=\"_ _6\"></span>oup<span class=\"_ _8\"></span>\u2019<span class=\"_ _6\"></span>s de\ufb01nition of def<span class=\"_ _6\"></span>ault (90 days past due or an unlik<span class=\"_ _8\"></span>ely to pay position) at acquisition are treat<span class=\"_ _6\"></span>ed as POCI assets<span class=\"_ _6\"></span>. These assets attract a lif<span class=\"_ _6\"></span>etime ECL allo<span class=\"_ _6\"></span>wance o<span class=\"_ _6\"></span>ver the full term of the lo<span class=\"_ _6\"></span>an, even when these lo<span class=\"_ _6\"></span>ans no longer meet the de\ufb01nition of def<span class=\"_ _6\"></span>ault post acquisition. The Gr<span class=\"_ _6\"></span>oup does not originate credit-impaire<span class=\"_ _6\"></span>d loans.<span class=\"_ _383\"> </span>Intercomp<span class=\"_ _1\"></span>any loans<span class=\"_ _383\"> </span>Inter<span class=\"_ _6\"></span>company receivables in the Company \ufb01nancial statemen<span class=\"_ _6\"></span>ts are assessed for ECL<span class=\"_ _6\"></span> based on an assessment of the PD and L<span class=\"_ _1f6\"></span>GD, discoun<span class=\"_ _6\"></span>ted to a net present v<span class=\"_ _6\"></span>alue. Other \ufb01nan<span class=\"_ _1\"></span>cial ass<span class=\"_ _1\"></span>ets<span class=\"_ _383\"> </span>Other \ufb01nancial assets comprise cash balances with the Bank of England (BoE) and other credit ins<span class=\"_ _6\"></span>titutions and high grade in<span class=\"_ _6\"></span>ves<span class=\"_ _6\"></span>tment securities. The Group deems the lik<span class=\"_ _8\"></span>elihood of default across these counterparties as lo<span class=\"_ _6\"></span>w and does not recognise a provision agains<span class=\"_ _6\"></span>t the carrying balances.<span class=\"_ _383\"> </span>Share repurcha<span class=\"_ _6\"></span>se Upon Board authorisation of a shar<span class=\"_ _6\"></span>e repurchase pr<span class=\"_ _6\"></span>ogramme and signing an irr<span class=\"_ _6\"></span>ev<span class=\"_ _6\"></span>ocable agreement, a shar<span class=\"_ _6\"></span>e repurchase liability is r<span class=\"_ _6\"></span>ecognised in <span class=\"_ _383\">other liabilities with the offset in r</span><span class=\"_ _6\"></span>etained earnings<span class=\"_ _6\"></span>. Each share r<span class=\"_ _6\"></span>epurchase re<span class=\"_ _6\"></span>duces the provision. Upon shar<span class=\"_ _6\"></span>e cancellation, share capital is debited with a credit to the capit<span class=\"_ _6\"></span>al redemption reserve equal t<span class=\"_ _6\"></span>o \u00a30<span class=\"_ _6\"></span>.01 f<span class=\"_ _6\"></span>or each share cancelled.<span class=\"_ _383\"> </span><span class=\"_ _383\">r)\u2002Investme</span><span class=\"_ _1\"></span>nt se<span class=\"_ _1\"></span>curitie<span class=\"_ _1\"></span>s<span class=\"_ _383\"> </span>Inv<span class=\"_ _6\"></span>estment securities include securities held for liquidity purposes (UK tr<span class=\"_ _6\"></span>easury bills, UK Gilts and R<span class=\"_ _6\"></span>esidential Mortgage-Back<span class=\"_ _8\"></span>ed Se<span class=\"_ _1\"></span>curities (RMBS)). These assets are non-deriv<span class=\"_ _6\"></span>atives that are designat<span class=\"_ _6\"></span>ed on an individual basis as amortised cost, FVOCI or FVTPL.<span class=\"_ _383\"> </span>Assets classi\ufb01ed as amortised cost are initially r<span class=\"_ _6\"></span>ecognised at fair value and subsequently measur<span class=\"_ _6\"></span>ed at amortised cost using the EIR method, less impairment losses<span class=\"_ _6\"></span>. Assets held at FV<span class=\"_ _6\"></span>OCI are measure<span class=\"_ _6\"></span>d at fair value with mo<span class=\"_ _6\"></span>vement<span class=\"_ _6\"></span>s tak<span class=\"_ _6\"></span>en to OCI and accumulated in the FV<span class=\"_ _6\"></span>OCI reserve within equity, e<span class=\"_ _6\"></span>xcept for impairment losses which are t<span class=\"_ _6\"></span>ak<span class=\"_ _6\"></span>en to pro<span class=\"_ _6\"></span>\ufb01t or loss. Where the ins<span class=\"_ _6\"></span>trument is sold, the gain or loss accumulated in equity is r<span class=\"_ _6\"></span>eclassi\ufb01ed to pro\ufb01t or loss.<span class=\"_ _383\"> </span>Assets held at FVTPL are measured at fair v<span class=\"_ _6\"></span>alue with mov<span class=\"_ _6\"></span>ements tak<span class=\"_ _8\"></span>en to the Consolidated Statemen<span class=\"_ _6\"></span>t of Comprehensive Income<span class=\"_ _6\"></span>.<span class=\"_ _383\"> </span>",
   "dimensions": {
    "concept": "ifrs-full:DescriptionOfAccountingPolicyForFinancialInstrumentsAtFairValueThroughProfitOrLossExplanatory",
    "language": "en",
    "entity": "scheme:213800ZBKL9BHSL2K459",
    "period": "2022-01-01T00:00:00/2023-01-01T00:00:00"
   }
  },
  "fact-590": {
   "value": "p<span class=\"_ _6\"></span><span class=\"_ _383\">)\u2002Financial instrum</span><span class=\"_ _1\"></span>ents<span class=\"_ _383\"> </span><span class=\"_ _383\">i.\u2002Rec</span><span class=\"_ _1\"></span>ogn<span class=\"_ _1\"></span>ition<span class=\"_ _383\"> </span>The Group initially recognises loans and adv<span class=\"_ _6\"></span>ances, deposits<span class=\"_ _6\"></span>, debt securities issued and subordinated liabilities on the dat<span class=\"_ _6\"></span>e on which they are originated or acquired. All o<span class=\"_ _6\"></span>ther \ufb01nancial instruments ar<span class=\"_ _6\"></span>e accounted for on the tr<span class=\"_ _6\"></span>ade date which is when the Group becomes a party to the contractual pr<span class=\"_ _6\"></span>ovisions o<span class=\"_ _6\"></span>f the instrument. For \ufb01nancial instrument<span class=\"_ _6\"></span>s classi\ufb01ed as amortised cost or FVOCI, the Gr<span class=\"_ _6\"></span>oup initially recognises \ufb01nancial assets and \ufb01nancial liabilities at fair v<span class=\"_ _6\"></span>alue plus transaction income or cost<span class=\"_ _6\"></span>s that are directly attributable t<span class=\"_ _6\"></span>o its origination, acquisition or issue. Financial ins<span class=\"_ _6\"></span>truments classi\ufb01ed as amortised cost are subsequen<span class=\"_ _6\"></span>tly measured using the EIR method. T<span class=\"_ _8\"></span>ransaction costs r<span class=\"_ _6\"></span>elating to the acquisition or issue of a \ufb01nancial ins<span class=\"_ _6\"></span>trument at FVTPL are recognised in the pro<span class=\"_ _6\"></span>\ufb01t or loss as incurred. A<span class=\"_ _8\"></span>T1 securities are designated as equity instrumen<span class=\"_ _6\"></span>ts and recognised at fair v<span class=\"_ _6\"></span>alue on the date of issuance in equity along with incremen<span class=\"_ _6\"></span>tal costs directly attributable to the issuance of equity ins<span class=\"_ _6\"></span>truments<span class=\"_ _8\"></span>.<span class=\"_ _383\"> </span><span class=\"_ _383\">ii.\u2002</span><span class=\"_ _6\"></span>Classi\ufb01cation<span class=\"_ _383\"> </span>The Group classi\ufb01es \ufb01nancial instrumen<span class=\"_ _6\"></span>ts based on the business model and the contr<span class=\"_ _6\"></span>actual cash \ufb02o<span class=\"_ _6\"></span>w characteris<span class=\"_ _6\"></span>tics of the \ufb01nancial instrumen<span class=\"_ _6\"></span>ts. Under IFRS 9<span class=\"_ _1f6\"></span>, the Group classi\ufb01es \ufb01nancial assets in<span class=\"_ _6\"></span>to one of three measur<span class=\"_ _6\"></span>ement categories:<span class=\"_ _383\"> </span>\u2022 <span class=\"_ _124\"> </span><span class=\"ff2 ws2\">Amor<span class=\"_ _1\"></span>tised c<span class=\"_ _1\"></span>ost<span class=\"ff1\"> \u2013 assets in a business model to hold \ufb01nancial assets in or<span class=\"_ _6\"></span>der to collect contrac<span class=\"_ _6\"></span>tual cash \ufb02ows<span class=\"_ _8\"></span>, where the contractual terms o<span class=\"_ _6\"></span>f </span></span>the \ufb01nancial asset give rise on speci\ufb01ed dates t<span class=\"_ _6\"></span>o cash \ufb02ows that ar<span class=\"_ _6\"></span>e solely payments of principal and in<span class=\"_ _6\"></span>teres<span class=\"_ _6\"></span>t (SPPI) on the principal amount outstanding. \u2022 <span class=\"_ _124\"> </span><span class=\"ff2 lsee wsf3\">F<span class=\"_ _2\"></span>VO<span class=\"_ _1\"></span>C<span class=\"_ _1\"></span>I<span class=\"_ _2\"></span></span><span class=\"ws2\"> \u2013 assets held in a business model which collects contr<span class=\"_ _6\"></span>actual cash \ufb02ow<span class=\"_ _6\"></span>s and sells \ufb01nancial assets where the contr<span class=\"_ _6\"></span>actual terms of the </span>\ufb01nancial assets give rise on speci\ufb01ed dat<span class=\"_ _6\"></span>es to cash \ufb02ows that ar<span class=\"_ _6\"></span>e SPPI on the principal amount outs<span class=\"_ _6\"></span>tanding. \u2022 <span class=\"_ _124\"> </span><span class=\"ff2\">F<span class=\"_ _1\"></span>V<span class=\"_ _1\"></span>TPL</span><span class=\"ws2\"> \u2013 assets not measured at amortised cost or FV<span class=\"_ _8\"></span>OCI. The Group measures derivativ<span class=\"_ _6\"></span>es, an acquir<span class=\"_ _6\"></span>ed mortgage por<span class=\"_ _1\"></span>tfolio and an </span>inv<span class=\"_ _6\"></span>estment security under this cate<span class=\"_ _6\"></span>gory. The Group classi\ufb01es non-derivativ<span class=\"_ _6\"></span>e \ufb01nancial liabilities as measured at amortised cost.<span class=\"_ _383\"> </span>The Group has no non-derivativ<span class=\"_ _6\"></span>e \ufb01nancial assets or liabilities classi\ufb01ed as held for tr<span class=\"_ _6\"></span>ading. The Group reassesses it<span class=\"_ _6\"></span>s business models each reporting period.<span class=\"_ _383\"> </span>The Group classi\ufb01es certain \ufb01nancial instruments as e<span class=\"_ _6\"></span>quity where they meet the follo<span class=\"_ _6\"></span>wing conditions:<span class=\"_ _383\"> </span>\u2022 <span class=\"_ _124\"> </span><span class=\"ws2\">the \ufb01nancial instrument includes no contr<span class=\"_ _6\"></span>actual obligation to deliver cash or another \ufb01nancial asse<span class=\"_ _6\"></span>t on potentially unf<span class=\"_ _6\"></span>avour<span class=\"_ _6\"></span>able conditions;<span class=\"_ _383\"> </span></span>\u2022 <span class=\"_ _124\"> </span><span class=\"ws2\">the \ufb01nancial instrument is a non-derivativ<span class=\"_ _6\"></span>e that includes no contractual obligation f<span class=\"_ _6\"></span>or the issuer to deliver a v<span class=\"_ _6\"></span>ariable number of its own e<span class=\"_ _6\"></span>quity </span>instrument<span class=\"_ _6\"></span>s; or<span class=\"_ _383\"> </span>\u2022 <span class=\"_ _124\"> </span><span class=\"ws2\">the \ufb01nancial instrument is a derivativ<span class=\"_ _6\"></span>e that will be settled only by the issuer ex<span class=\"_ _6\"></span>changing a \ufb01xed amount o<span class=\"_ _6\"></span>f cash or another \ufb01nancial asset for </span>a \ufb01xed number of it<span class=\"_ _6\"></span>s own equity ins<span class=\"_ _6\"></span>truments<span class=\"_ _6\"></span>.<span class=\"_ _383\"> </span>During the year equity \ufb01nancial instrumen<span class=\"_ _6\"></span>ts comprised own shar<span class=\"_ _6\"></span>es, and A<span class=\"_ _1f6\"></span>T1 securities (2021: and non-controlling in<span class=\"_ _6\"></span>terest securities). Accor<span class=\"_ _6\"></span>dingly, the coupons paid on the non-controlling int<span class=\"_ _6\"></span>erest securities and A<span class=\"_ _1f6\"></span>T1 securities are recognised directly in retaine<span class=\"_ _6\"></span><span class=\"_ _383\">d earnings when paid.\u2003</span><span class=\"_ _383\">iii.\u2002D</span><span class=\"_ _1\"></span>ere<span class=\"_ _1\"></span>co<span class=\"_ _1\"></span>gnit<span class=\"_ _1\"></span>ion<span class=\"_ _383\"> </span>The Group derecognises \ufb01nancial assets when the con<span class=\"_ _6\"></span>tractual righ<span class=\"_ _6\"></span>ts to the cash \ufb02ow<span class=\"_ _6\"></span>s expire or the Gr<span class=\"_ _6\"></span>oup transf<span class=\"_ _6\"></span>ers subst<span class=\"_ _6\"></span>antially all risk<span class=\"_ _6\"></span>s and re<span class=\"_ _6\"></span>war<span class=\"_ _6\"></span>ds of owner<span class=\"_ _6\"></span>ship of the \ufb01nancial asset. <span class=\"_ _383\">The Group off</span><span class=\"_ _6\"></span>ers re<span class=\"_ _6\"></span>\ufb01nancing options to customer<span class=\"_ _6\"></span>s which have been assessed within the principles of IFR<span class=\"_ _6\"></span>S 9 and rele<span class=\"_ _6\"></span>vant guidance. The assessment concludes the original mortgage asset is derecognised at the re\ufb01nancing poin<span class=\"_ _6\"></span>t with a new \ufb01nancial asset r<span class=\"_ _6\"></span>ecognised.<span class=\"_ _383\"> </span>The forbear<span class=\"_ _6\"></span><span class=\"_ _383\">ance measures offer</span><span class=\"_ _6\"></span>ed by the Group are consider<span class=\"_ _6\"></span>ed a modi\ufb01cation ev<span class=\"_ _8\"></span>ent as the contractual cash \ufb02o<span class=\"_ _6\"></span>ws are r<span class=\"_ _6\"></span>enegotiated or otherwise modi\ufb01ed. The Group considers the r<span class=\"_ _6\"></span>enegotiated or modi\ufb01ed cash \ufb02o<span class=\"_ _8\"></span>ws are not a substantial mo<span class=\"_ _6\"></span>di\ufb01cation from the contr<span class=\"_ _6\"></span>actual cash \ufb02ow<span class=\"_ _6\"></span>s and does not consider that forbearance measur<span class=\"_ _6\"></span>es give rise to a der<span class=\"_ _6\"></span>ecognition even<span class=\"_ _6\"></span>t. Financial liabilities are derecognised only when the obligation is dischar<span class=\"_ _6\"></span>ged, cancelled or has expir<span class=\"_ _6\"></span>ed.<span class=\"_ _383\"> </span><span class=\"_ _383\">iv.\u2002Offse</span><span class=\"_ _1\"></span>tti<span class=\"_ _1\"></span>ng<span class=\"_ _383\"> </span>Financial assets and \ufb01nancial liabilities are o<span class=\"_ _6\"></span><span class=\"_ _383\">ffset and the net amount pr</span><span class=\"_ _6\"></span>esented in the Consolidated S<span class=\"_ _6\"></span>tatement o<span class=\"_ _6\"></span>f Financial Position when, and only when, the Group curren<span class=\"_ _6\"></span>tly has a legally enfor<span class=\"_ _6\"></span><span class=\"_ _383\">ceable right to off</span><span class=\"_ _6\"></span>set the amounts and it in<span class=\"_ _6\"></span>tends either to settle them on a net basis or to r<span class=\"_ _6\"></span>ealise the asset and settle the liability simultaneously. The Group<span class=\"_ _8\"></span>\u2019<span class=\"_ _6\"></span>s derivativ<span class=\"_ _6\"></span>es are cov<span class=\"_ _6\"></span>ered by indus<span class=\"_ _6\"></span>try standar<span class=\"_ _6\"></span>d master netting agr<span class=\"_ _6\"></span>eements<span class=\"_ _6\"></span>. Master netting agr<span class=\"_ _6\"></span>eements creat<span class=\"_ _6\"></span>e a right of set-o<span class=\"_ _6\"></span><span class=\"_ _383\">ff that </span>becomes enforceable only follo<span class=\"_ _8\"></span>wing a spe<span class=\"_ _1\"></span>ci\ufb01ed ev<span class=\"_ _6\"></span>ent of de<span class=\"_ _6\"></span>fault or in other circums<span class=\"_ _6\"></span>tances not expected to arise in the normal cour<span class=\"_ _6\"></span>se of business<span class=\"_ _6\"></span>. These arrangemen<span class=\"_ _6\"></span><span class=\"_ _383\">ts do not qualify for off</span><span class=\"_ _6\"></span>setting and as such the Group reports derivativ<span class=\"_ _6\"></span>es on a gross basis<span class=\"_ _6\"></span>.<span class=\"_ _383\"> </span>Collateral in r<span class=\"_ _6\"></span>espect of derivatives is subject t<span class=\"_ _6\"></span>o the standar<span class=\"_ _6\"></span>d industry terms of In<span class=\"_ _6\"></span>ternational Sw<span class=\"_ _6\"></span>aps and Derivatives Association (ISD<span class=\"_ _6\"></span>A) Credit Support Annex. This means that the cash r<span class=\"_ _6\"></span>eceived or given as collater<span class=\"_ _6\"></span>al can be pledged or used during the term o<span class=\"_ _6\"></span>f the transaction but mus<span class=\"_ _6\"></span>t be returned on maturity of the tr<span class=\"_ _8\"></span>ansaction. The terms also give each counterparty the right to terminate the r<span class=\"_ _6\"></span>elated tr<span class=\"_ _6\"></span>ansactions upon the counterparty\u2019<span class=\"_ _1f6\"></span>s failure to post collater<span class=\"_ _6\"></span>al. Collateral paid or receiv<span class=\"_ _6\"></span><span class=\"_ _383\">ed does not qualify for off</span><span class=\"_ _6\"></span>setting and is recognised in loans and advances to credit ins<span class=\"_ _6\"></span>titutions and amounts o<span class=\"_ _6\"></span>wed to cr<span class=\"_ _6\"></span>edit institutions<span class=\"_ _6\"></span>, respectiv<span class=\"_ _6\"></span>ely.<span class=\"_ _383\"> </span>v<span class=\"_ _6\"></span><span class=\"_ _383\">.\u2002Amo</span><span class=\"_ _1\"></span>rti<span class=\"_ _1\"></span>se<span class=\"_ _1\"></span>d co<span class=\"_ _1\"></span>st me<span class=\"_ _1\"></span>as<span class=\"_ _1\"></span>ure<span class=\"_ _1\"></span>me<span class=\"_ _1\"></span>nt<span class=\"_ _383\"> </span>The amortised cost of a \ufb01nancial asset or \ufb01nancial liability is the amount at which the \ufb01nancial asset or \ufb01nancial liability is measur<span class=\"_ _6\"></span>ed at initial recognition, less principal payments or r<span class=\"_ _6\"></span>eceipts, plus or minus the cumulativ<span class=\"_ _6\"></span><span class=\"_ _383\">e amortisation using the EIR method of any difference betw</span><span class=\"_ _6\"></span>een the initial amount recognised and the maturity amoun<span class=\"_ _6\"></span>t, minus any reduction for impairmen<span class=\"_ _6\"></span>t of assets<span class=\"_ _6\"></span>.<span class=\"_ _383\"> </span><span class=\"_ _383\">vi.\u2002Fa</span><span class=\"_ _1\"></span>ir valu<span class=\"_ _1\"></span>e me<span class=\"_ _1\"></span>asur<span class=\"_ _1\"></span>em<span class=\"_ _1\"></span>ent<span class=\"_ _383\"> </span>Fair value is the price that would be r<span class=\"_ _6\"></span>eceived to sell an asset or paid to tr<span class=\"_ _8\"></span>ansfer a liability in an orderly transaction be<span class=\"_ _6\"></span>tween mark<span class=\"_ _8\"></span>et par<span class=\"_ _1\"></span>ticipants at the measurement dat<span class=\"_ _6\"></span>e in the principal or<span class=\"_ _8\"></span>, in its absence, the most adv<span class=\"_ _6\"></span>antageous mark<span class=\"_ _8\"></span>et to which the Group has access at that date. When available, the Gr<span class=\"_ _6\"></span>oup measures the f<span class=\"_ _6\"></span>air value of an instrumen<span class=\"_ _6\"></span>t using the quoted price in an activ<span class=\"_ _6\"></span>e mark<span class=\"_ _6\"></span>et for that ins<span class=\"_ _6\"></span>trument. A mark<span class=\"_ _8\"></span>et is<span class=\"_ _1\"></span> regar<span class=\"_ _6\"></span>ded as active if tr<span class=\"_ _6\"></span>ansactions for the asset or liability tak<span class=\"_ _8\"></span><span class=\"_ _383\">e place with sufficient frequency and v</span><span class=\"_ _6\"></span>olume to pro<span class=\"_ _6\"></span>vide pricing information on an ongoing basis. The Gr<span class=\"_ _6\"></span>oup measures its in<span class=\"_ _6\"></span>ves<span class=\"_ _6\"></span>tment securities and Perpetual Subordinat<span class=\"_ _6\"></span>ed Bonds (PSBs) at fair value using quoted mark<span class=\"_ _8\"></span>et prices where available<span class=\"_ _6\"></span><span class=\"_ _383\">. \u2003</span>If there is no quoted price in an activ<span class=\"_ _6\"></span>e mark<span class=\"_ _8\"></span>et, then the Group uses valuation techniques that maximise the use of rele<span class=\"_ _6\"></span>vant observable inputs and minimise the use of unobservable inputs. The Group uses SONIA curves to value it<span class=\"_ _6\"></span>s derivatives<span class=\"_ _8\"></span>, previously a combination of LIBOR and SONIA curves<span class=\"_ _6\"></span>. The fair value of the Gr<span class=\"_ _6\"></span>oup<span class=\"_ _6\"></span>\u2019<span class=\"_ _8\"></span>s derivative \ufb01nancial instrument<span class=\"_ _6\"></span>s incorporates cre<span class=\"_ _6\"></span>dit valuation adjustmen<span class=\"_ _6\"></span>ts (C<span class=\"_ _8\"></span>V<span class=\"_ _6\"></span>A) and debit valuation adjustmen<span class=\"_ _6\"></span>ts (D<span class=\"_ _6\"></span>V<span class=\"_ _8\"></span>A). The DV<span class=\"_ _1f6\"></span>A and CV<span class=\"_ _1f6\"></span>A take in<span class=\"_ _6\"></span>to account the respective cr<span class=\"_ _6\"></span>edit ratings o<span class=\"_ _6\"></span>f the Group<span class=\"_ _8\"></span>\u2019<span class=\"_ _6\"></span>s two banking en<span class=\"_ _6\"></span>tities and counterparty and whether the derivative is collater<span class=\"_ _6\"></span>alised or not. Derivativ<span class=\"_ _6\"></span>es are valued using discoun<span class=\"_ _6\"></span>ted cash \ufb02ow models and observable mark<span class=\"_ _8\"></span>et data and are sensitiv<span class=\"_ _6\"></span>e to benchmark inter<span class=\"_ _6\"></span>est and basis rat<span class=\"_ _6\"></span>e curves. The fair value of in<span class=\"_ _6\"></span>ves<span class=\"_ _6\"></span>tment securities held at FVTPL is measured using a discounted cash \ufb02o<span class=\"_ _6\"></span>w model.<span class=\"_ _383\"> </span><span class=\"_ _383\">vii.\u2002I</span><span class=\"_ _1\"></span>de<span class=\"_ _1\"></span>nti\ufb01c<span class=\"_ _1\"></span>ation a<span class=\"_ _1\"></span>nd m<span class=\"_ _1\"></span>eas<span class=\"_ _1\"></span>ure<span class=\"_ _1\"></span>me<span class=\"_ _1\"></span>nt of imp<span class=\"_ _1\"></span>air<span class=\"_ _1\"></span>men<span class=\"_ _1\"></span>t of \ufb01n<span class=\"_ _1\"></span>anci<span class=\"_ _1\"></span>al as<span class=\"_ _1\"></span>se<span class=\"_ _1\"></span>ts<span class=\"_ _383\"> </span>The Group assesses all \ufb01nancial assets f<span class=\"_ _6\"></span>or impairment. Loans a<span class=\"_ _1\"></span>nd adva<span class=\"_ _1\"></span>nc<span class=\"_ _1\"></span>es to cu<span class=\"_ _1\"></span>stom<span class=\"_ _1\"></span>ers<span class=\"_ _383\"> </span>The Group uses the IFRS 9 thr<span class=\"_ _6\"></span>ee-stage ECL appr<span class=\"_ _6\"></span>oach for measuring impairmen<span class=\"_ _6\"></span>t. The three impairment st<span class=\"_ _6\"></span>ages are as follo<span class=\"_ _6\"></span>ws:<span class=\"_ _383\"> </span>\u2022 <span class=\"_ _124\"> </span><span class=\"ff2 ws2\">Stage 1<span class=\"ff1\"> \u2013 a 12 month ECL allow<span class=\"_ _8\"></span>anc<span class=\"_ _1\"></span>e is recognised where ther<span class=\"_ _6\"></span>e is no signi\ufb01cant increase in cr<span class=\"_ _6\"></span>edit risk (SICR) since initial recognition.<span class=\"_ _383\"> </span></span></span>\u2022 <span class=\"_ _124\"> </span><span class=\"ff2 ws2\">Stage 2<span class=\"ff1\"> \u2013 a lifetime ECL allow<span class=\"_ _8\"></span>anc<span class=\"_ _1\"></span>e is recognised for assets wher<span class=\"_ _6\"></span>e a SICR is identi\ufb01ed since initial recognition. The assessment o<span class=\"_ _6\"></span>f whether </span></span>credit risk has incre<span class=\"_ _6\"></span>ased signi\ufb01cantly since initial recognition is performed for each r<span class=\"_ _6\"></span>eporting period for the life of the loan.<span class=\"_ _383\"> </span>\u2022 <span class=\"_ _124\"> </span><span class=\"ff2 ws2\">Stage 3<span class=\"ff1\"> \u2013 requires objective e<span class=\"_ _8\"></span>videnc<span class=\"_ _1\"></span>e that an asset is credit impair<span class=\"_ _6\"></span>ed, at which point a lifetime ECL<span class=\"_ _6\"></span> allow<span class=\"_ _6\"></span>ance is recognised.<span class=\"_ _383\"> </span></span></span>The Group measures impairmen<span class=\"_ _6\"></span>t through the use of individual and mo<span class=\"_ _6\"></span>delled assessments<span class=\"_ _6\"></span>. Individual assessment<span class=\"_ _383\"> </span>The Group<span class=\"_ _8\"></span>\u2019<span class=\"_ _6\"></span>s pro<span class=\"_ _6\"></span>visioning process requir<span class=\"_ _6\"></span>es individual assessment for high exposur<span class=\"_ _6\"></span>e or higher risk loans<span class=\"_ _6\"></span>, where La<span class=\"_ _6\"></span>w of Property Act (LP<span class=\"_ _8\"></span>A) receivers have been appoint<span class=\"_ _6\"></span>ed, the property is tak<span class=\"_ _6\"></span>en into possession or ther<span class=\"_ _6\"></span>e are other e<span class=\"_ _6\"></span>vent<span class=\"_ _6\"></span>s that suggest a high probability o<span class=\"_ _6\"></span>f credit loss<span class=\"_ _6\"></span>. Loans ar<span class=\"_ _6\"></span>e considered at a connection lev<span class=\"_ _6\"></span>el, i.e<span class=\"_ _6\"></span>. including all loans connected to the cust<span class=\"_ _6\"></span>omer<span class=\"_ _8\"></span>. The Group estimat<span class=\"_ _6\"></span>es cash \ufb02ows fr<span class=\"_ _6\"></span>om these loans, including e<span class=\"_ _6\"></span>xpected inter<span class=\"_ _6\"></span>est and principal paymen<span class=\"_ _6\"></span>ts, r<span class=\"_ _6\"></span>ental or sale pr<span class=\"_ _6\"></span>oceeds, selling and other costs<span class=\"_ _6\"></span>. The Group obtains up-to-dat<span class=\"_ _6\"></span>e independent valuations for pr<span class=\"_ _6\"></span>operties put up for sale. For all individually assessed loans with a con\ufb01rmed sale, should the pr<span class=\"_ _6\"></span>esent value o<span class=\"_ _6\"></span>f estimated futur<span class=\"_ _6\"></span>e cash \ufb02ows discoun<span class=\"_ _6\"></span>ted at the original EIR be less than the carrying value of the loan, a pr<span class=\"_ _6\"></span>ovision is r<span class=\"_ _6\"></span><span class=\"_ _383\">ecognised for the difference with such loans being classi\ufb01ed as impair</span><span class=\"_ _6\"></span>ed. How<span class=\"_ _6\"></span>ev<span class=\"_ _6\"></span>er<span class=\"_ _8\"></span>, should the present v<span class=\"_ _6\"></span>alue of the estimate<span class=\"_ _6\"></span>d future cash \ufb02o<span class=\"_ _6\"></span>ws exceed the carrying v<span class=\"_ _6\"></span>alue, no pro<span class=\"_ _8\"></span>vision is recognised. For all remaining individually assessed loans, should a full loss be e<span class=\"_ _6\"></span>xpected, the pro<span class=\"_ _6\"></span>vision is set to the carrying value<span class=\"_ _6\"></span>, with all other individually assessed loans applying the gre<span class=\"_ _6\"></span>ater of either the modelled or individual assessment.<span class=\"_ _383\"> </span>The Group applies a modelled assessmen<span class=\"_ _6\"></span>t to all loans with no individually assessed pro<span class=\"_ _6\"></span>vision.<span class=\"_ _383\"> </span>IFR<span class=\"_ _1\"></span>S 9 mod<span class=\"_ _1\"></span>el<span class=\"_ _1\"></span>le<span class=\"_ _1\"></span>d imp<span class=\"_ _1\"></span>ai<span class=\"_ _1\"></span>rment<span class=\"_ _383\"> </span>Measurement of<span class=\"_ _6\"></span> ECL<span class=\"_ _383\"> </span>The assessment of cr<span class=\"_ _6\"></span>edit risk and the estimation of ECL<span class=\"_ _6\"></span> are unbiased and pr<span class=\"_ _6\"></span>obability weight<span class=\"_ _6\"></span>ed. The ECL calculation is a produc<span class=\"_ _6\"></span>t of an individual loan<span class=\"_ _8\"></span>\u2019<span class=\"_ _6\"></span>s probability of def<span class=\"_ _6\"></span>ault (PD), exposur<span class=\"_ _6\"></span>e at default (EAD<span class=\"_ _6\"></span>) and loss given def<span class=\"_ _6\"></span>ault (L<span class=\"_ _8\"></span>GD) discounted at the EIR. The ECL<span class=\"_ _6\"></span> drivers o<span class=\"_ _6\"></span>f PD<span class=\"_ _8\"></span>, EAD and<span class=\"_ _1\"></span> L<span class=\"_ _8\"></span>GD are modelled at an account lev<span class=\"_ _6\"></span>el. The assessment of whether a SICR has occurred is based on quan<span class=\"_ _6\"></span>titative r<span class=\"_ _6\"></span>elative PD thr<span class=\"_ _6\"></span>esholds and a suite of qualitativ<span class=\"_ _6\"></span>e triggers<span class=\"_ _6\"></span>.<span class=\"_ _383\"> </span>In accordance with PRA CO<span class=\"_ _6\"></span>VID-19 guidance<span class=\"_ _6\"></span>, the Group did not automatically consider the tak<span class=\"_ _8\"></span>e-up of customer paymen<span class=\"_ _6\"></span>t deferr<span class=\"_ _6\"></span>als during the pandemic to be an indication of a SICR and, in the absence of other indicat<span class=\"_ _6\"></span>ors such as pre<span class=\"_ _6\"></span>vious arrear<span class=\"_ _6\"></span>s, lo<span class=\"_ _6\"></span>w credit score or high o<span class=\"_ _6\"></span>ther indebtedness<span class=\"_ _6\"></span>, the staging of these lo<span class=\"_ _6\"></span>ans remains unchanged in its ECL c<span class=\"_ _6\"></span>alculations.<span class=\"_ _383\"> </span>Sign<span class=\"_ _1\"></span>i\ufb01c<span class=\"_ _1\"></span>ant inc<span class=\"_ _1\"></span>re<span class=\"_ _1\"></span>as<span class=\"_ _1\"></span>e in cre<span class=\"_ _1\"></span>dit r<span class=\"_ _1\"></span>isk (movem<span class=\"_ _1\"></span>ent to s<span class=\"_ _1\"></span>tag<span class=\"_ _1\"></span>e 2)<span class=\"_ _383\"> </span>The Group<span class=\"_ _8\"></span>\u2019<span class=\"_ _6\"></span>s transf<span class=\"_ _6\"></span>er criteria determine what constitutes a SICR<span class=\"_ _6\"></span>, which results in an e<span class=\"_ _6\"></span>xposure being mo<span class=\"_ _6\"></span>ved fr<span class=\"_ _6\"></span>om stage 1 to s<span class=\"_ _6\"></span>tage 2.<span class=\"_ _383\"> </span>At the point o<span class=\"_ _6\"></span>f initial recognition, a loan is assigned a PD estimat<span class=\"_ _6\"></span>e. For each month<span class=\"_ _6\"></span>ly reporting date thereafter<span class=\"_ _8\"></span>, an updated PD estimate is computed. The Group<span class=\"_ _8\"></span>\u2019<span class=\"_ _6\"></span>s transf<span class=\"_ _6\"></span>er criteria analyses relativ<span class=\"_ _6\"></span>e changes in PD ver<span class=\"_ _6\"></span>sus the PD assigned at the point of origination, toge<span class=\"_ _6\"></span>ther with qualitative trigger<span class=\"_ _6\"></span>s using both internal indicat<span class=\"_ _6\"></span>ors, such as f<span class=\"_ _6\"></span>orbearance<span class=\"_ _6\"></span>, and external inf<span class=\"_ _6\"></span>ormation, such as changes in income and adverse cr<span class=\"_ _6\"></span>edit information to assess f<span class=\"_ _6\"></span>or SICR. In the ev<span class=\"_ _8\"></span>ent that given early warning trigger<span class=\"_ _6\"></span>s have not alr<span class=\"_ _6\"></span>eady identi\ufb01ed SICR<span class=\"_ _6\"></span>, an account more than 30 days pas<span class=\"_ _6\"></span>t due is considered to hav<span class=\"_ _6\"></span>e experienced a SICR.<span class=\"_ _383\"> </span>A borro<span class=\"_ _6\"></span>wer will mo<span class=\"_ _6\"></span>ve back int<span class=\"_ _6\"></span>o stage 1 only if the SICR de\ufb01nition is no longer trigger<span class=\"_ _6\"></span>ed.<span class=\"_ _383\"> </span>De\ufb01<span class=\"_ _1\"></span>nitio<span class=\"_ _1\"></span>n of def<span class=\"_ _1\"></span>ault (movem<span class=\"_ _1\"></span>ent to s<span class=\"_ _1\"></span>tag<span class=\"_ _1\"></span>e 3)<span class=\"_ _383\"> </span>The Group uses a number of quan<span class=\"_ _6\"></span>titative and qualitativ<span class=\"_ _8\"></span>e criteria to determine whether an account meets the de\ufb01nition of def<span class=\"_ _6\"></span>ault and theref<span class=\"_ _6\"></span>ore mov<span class=\"_ _6\"></span>es to stage 3<span class=\"_ _6\"></span>. The criteria curren<span class=\"_ _6\"></span>tly include:<span class=\"_ _383\"> </span>\u2022 <span class=\"_ _124\"> </span><span class=\"ws2\">If an acc<span class=\"_ _1\"></span>ount is more than 90 days pas<span class=\"_ _6\"></span>t due. </span>\u2022 <span class=\"_ _124\"> </span><span class=\"ws2\">Accounts that have mov<span class=\"_ _6\"></span>ed into an un<span class=\"_ _6\"></span>lik<span class=\"_ _6\"></span>ely to pay position, which includes forbear<span class=\"_ _6\"></span>ance, bankruptcy, r<span class=\"_ _6\"></span>epossession and interes<span class=\"_ _6\"></span>t-only term </span>expiry.<span class=\"_ _383\"> </span>A borro<span class=\"_ _6\"></span>wer will mo<span class=\"_ _6\"></span>ve out of s<span class=\"_ _6\"></span>tage 3 when its cre<span class=\"_ _6\"></span>dit risk improv<span class=\"_ _6\"></span>es such that it no longer meets the 90 days past due and unlik<span class=\"_ _8\"></span>ely to pay criteria and following this has complet<span class=\"_ _6\"></span>ed an internally appr<span class=\"_ _6\"></span>ove<span class=\"_ _6\"></span>d probation period. The borro<span class=\"_ _6\"></span>wer will mo<span class=\"_ _8\"></span>ve to stage 1 or s<span class=\"_ _6\"></span>tage 2 dependent on whether the SICR applies.<span class=\"_ _383\"> </span>Forward-looking<span class=\"_ _6\"></span> macroeconomic scenarios<span class=\"_ _383\"> </span>The risk of default and ECL<span class=\"_ _6\"></span> loss assessments tak<span class=\"_ _8\"></span>e into consideration e<span class=\"_ _6\"></span>xpectations of economic changes that are deemed to be r<span class=\"_ _6\"></span>easonably possible.<span class=\"_ _383\"> </span>The Group conducts analysis to det<span class=\"_ _6\"></span>ermine the most signi\ufb01cant f<span class=\"_ _6\"></span>actors which may in\ufb02uence the lik<span class=\"_ _8\"></span>elihood of an exposure de<span class=\"_ _6\"></span>faulting in the future<span class=\"_ _6\"></span>. The macroeconomic factors r<span class=\"_ _6\"></span>elate to the HPI, unemployment r<span class=\"_ _8\"></span>ate (UR), Consumer Pric<span class=\"_ _1\"></span>e Index (CPI), Gr<span class=\"_ _6\"></span>oss domestic pro<span class=\"_ _6\"></span>duct (GDP), Commercial Real Es<span class=\"_ _6\"></span>tate Index (<span class=\"_ _6\"></span>CRE) and the Bank of England Base Rate (BBR).<span class=\"_ _383\"> </span>The Group has de<span class=\"_ _6\"></span>veloped an appro<span class=\"_ _6\"></span>ach for factoring pr<span class=\"_ _6\"></span>obability-weigh<span class=\"_ _6\"></span>ted macroeconomic forecas<span class=\"_ _6\"></span>ts into ECL<span class=\"_ _6\"></span> calculations, adjus<span class=\"_ _6\"></span>ting PD and L<span class=\"_ _8\"></span>GD estimates<span class=\"_ _6\"></span>. The macroeconomic scenarios feed directly int<span class=\"_ _6\"></span>o the ECL calculation, as the adjust<span class=\"_ _6\"></span>ed PD<span class=\"_ _8\"></span>, lifetime PD and L<span class=\"_ _6\"></span>GD estimates ar<span class=\"_ _6\"></span>e used within the individual account ECL allo<span class=\"_ _6\"></span>wance calculations<span class=\"_ _6\"></span>.<span class=\"_ _383\"> </span>The Group sources economic for<span class=\"_ _6\"></span>ecast information fr<span class=\"_ _6\"></span>om an appropriately quali\ufb01ed thir<span class=\"_ _6\"></span>d party when determining scenarios. The Group consider<span class=\"_ _6\"></span>s four probability-<span class=\"_ _6\"></span>weight<span class=\"_ _6\"></span>ed scenarios, base<span class=\"_ _6\"></span>, upside, do<span class=\"_ _6\"></span>wnside and sev<span class=\"_ _6\"></span>ere downside scenarios<span class=\"_ _8\"></span>.<span class=\"_ _1\"></span> The base case is also utilised within the Group<span class=\"_ _8\"></span>\u2019<span class=\"_ _8\"></span>s impairment forecasting pr<span class=\"_ _6\"></span>ocess which in turn feeds the wider business planning processes. The ECL models are also use<span class=\"_ _6\"></span>d to set the Group<span class=\"_ _8\"></span>\u2019<span class=\"_ _8\"></span>s credit risk appetite thresholds and limits<span class=\"_ _6\"></span>.<span class=\"_ _383\"> </span>Peri<span class=\"_ _1\"></span>od ove<span class=\"_ _1\"></span>r wh<span class=\"_ _1\"></span>ich EC<span class=\"_ _1\"></span>L is me<span class=\"_ _1\"></span>as<span class=\"_ _1\"></span>ure<span class=\"_ _1\"></span>d ECL is measure<span class=\"_ _6\"></span>d from the initial recognition of the asset which is the dat<span class=\"_ _6\"></span>e at which the loan is originated or the date a loan is purchase<span class=\"_ _6\"></span>d and at each balance sheet date thereafter<span class=\"_ _8\"></span>. The maximum period considered when measuring ECL (<span class=\"_ _8\"></span>either 12 months or lifetime ECL) is the maximum contractual perio<span class=\"_ _6\"></span>d ov<span class=\"_ _6\"></span>er which the Group is exposed t<span class=\"_ _6\"></span>o the credit risk of the asset. For modelling purposes<span class=\"_ _8\"></span>, the Group considers the contractual maturity of the loan produc<span class=\"_ _6\"></span>t and then considers the behavioural tr<span class=\"_ _6\"></span>ends of the asset.<span class=\"_ _383\"> </span>Purchased or ori<span class=\"_ _6\"></span>ginated credi<span class=\"_ _6\"></span>t impaired (POCI)<span class=\"_ _383\"> </span>Acquired loans that meet the Gr<span class=\"_ _6\"></span>oup<span class=\"_ _8\"></span>\u2019<span class=\"_ _6\"></span>s de\ufb01nition of def<span class=\"_ _6\"></span>ault (90 days past due or an unlik<span class=\"_ _8\"></span>ely to pay position) at acquisition are treat<span class=\"_ _6\"></span>ed as POCI assets<span class=\"_ _6\"></span>. These assets attract a lif<span class=\"_ _6\"></span>etime ECL allo<span class=\"_ _6\"></span>wance o<span class=\"_ _6\"></span>ver the full term of the lo<span class=\"_ _6\"></span>an, even when these lo<span class=\"_ _6\"></span>ans no longer meet the de\ufb01nition of def<span class=\"_ _6\"></span>ault post acquisition. The Gr<span class=\"_ _6\"></span>oup does not originate credit-impaire<span class=\"_ _6\"></span>d loans.<span class=\"_ _383\"> </span>Intercomp<span class=\"_ _1\"></span>any loans<span class=\"_ _383\"> </span>Inter<span class=\"_ _6\"></span>company receivables in the Company \ufb01nancial statemen<span class=\"_ _6\"></span>ts are assessed for ECL<span class=\"_ _6\"></span> based on an assessment of the PD and L<span class=\"_ _1f6\"></span>GD, discoun<span class=\"_ _6\"></span>ted to a net present v<span class=\"_ _6\"></span>alue. Other \ufb01nan<span class=\"_ _1\"></span>cial ass<span class=\"_ _1\"></span>ets<span class=\"_ _383\"> </span>Other \ufb01nancial assets comprise cash balances with the Bank of England (BoE) and other credit ins<span class=\"_ _6\"></span>titutions and high grade in<span class=\"_ _6\"></span>ves<span class=\"_ _6\"></span>tment securities. The Group deems the lik<span class=\"_ _8\"></span>elihood of default across these counterparties as lo<span class=\"_ _6\"></span>w and does not recognise a provision agains<span class=\"_ _6\"></span>t the carrying balances.<span class=\"_ _383\"> </span>Share repurcha<span class=\"_ _6\"></span>se Upon Board authorisation of a shar<span class=\"_ _6\"></span>e repurchase pr<span class=\"_ _6\"></span>ogramme and signing an irr<span class=\"_ _6\"></span>ev<span class=\"_ _6\"></span>ocable agreement, a shar<span class=\"_ _6\"></span>e repurchase liability is r<span class=\"_ _6\"></span>ecognised in <span class=\"_ _383\">other liabilities with the offset in r</span><span class=\"_ _6\"></span>etained earnings<span class=\"_ _6\"></span>. Each share r<span class=\"_ _6\"></span>epurchase re<span class=\"_ _6\"></span>duces the provision. Upon shar<span class=\"_ _6\"></span>e cancellation, share capital is debited with a credit to the capit<span class=\"_ _6\"></span>al redemption reserve equal t<span class=\"_ _6\"></span>o \u00a30<span class=\"_ _6\"></span>.01 f<span class=\"_ _6\"></span>or each share cancelled.<span class=\"_ _383\"> </span><span class=\"_ _383\">s)\u2002Depos</span><span class=\"_ _1\"></span>its, d<span class=\"_ _1\"></span>ebt s<span class=\"_ _1\"></span>ec<span class=\"_ _1\"></span>uritie<span class=\"_ _1\"></span>s in iss<span class=\"_ _1\"></span>ue and s<span class=\"_ _1\"></span>ubo<span class=\"_ _1\"></span>rdinat<span class=\"_ _1\"></span>ed li<span class=\"_ _1\"></span>abiliti<span class=\"_ _1\"></span>es<span class=\"_ _383\"> </span>Deposits, debt securities in issue and subor<span class=\"_ _6\"></span>dinated liabilities are the Gr<span class=\"_ _6\"></span>oup<span class=\"_ _6\"></span>\u2019<span class=\"_ _8\"></span>s sources of debt funding. They comprise deposits from r<span class=\"_ _6\"></span>etail customer<span class=\"_ _6\"></span>s and credit institutions<span class=\"_ _8\"></span>, including c<span class=\"_ _1\"></span>ollateralised lo<span class=\"_ _6\"></span>an advances from the BoE under the TFSME, asset-back<span class=\"_ _8\"></span>ed loan notes issued through the Group<span class=\"_ _8\"></span>\u2019<span class=\"_ _6\"></span>s securitisation progr<span class=\"_ _6\"></span>ammes and subordinated liabilities<span class=\"_ _8\"></span>. Subordinated liabilities include the Sterling PSBs where the t<span class=\"_ _6\"></span>erms allow no absolute discretion o<span class=\"_ _6\"></span>ver the paymen<span class=\"_ _6\"></span>t of inter<span class=\"_ _6\"></span>est. These \ufb01nancial liabilities are initially me<span class=\"_ _6\"></span>asured at fair v<span class=\"_ _6\"></span>alue less direct transaction cos<span class=\"_ _6\"></span>ts, and subsequently held at amortised cost using the EIR method.<span class=\"_ _383\"> </span>Cash received under the TF<span class=\"_ _6\"></span>SME is recorded in amoun<span class=\"_ _6\"></span>ts ow<span class=\"_ _6\"></span>ed to cre<span class=\"_ _6\"></span>dit institutions<span class=\"_ _6\"></span>. Interes<span class=\"_ _6\"></span>t is accrued ov<span class=\"_ _6\"></span>er the life of the agr<span class=\"_ _6\"></span>eements on an EIR basis<span class=\"_ _383\"> </span><span class=\"_ _383\">aa)\u2002Lease</span><span class=\"_ _1\"></span>s<span class=\"_ _383\"> </span>The Group<span class=\"_ _8\"></span>\u2019<span class=\"_ _6\"></span>s leases are pr<span class=\"_ _6\"></span>edominantly for o<span class=\"_ _6\"></span><span class=\"_ _383\">ffices and Ken</span><span class=\"_ _6\"></span>t Reliance branches<span class=\"_ _6\"></span>. The Group r<span class=\"_ _6\"></span>ecognises right-of-use assets and lease liabilities for leases ov<span class=\"_ _6\"></span>er 12 months long. Right-o<span class=\"_ _6\"></span>f-use assets and lease liabilities are initially r<span class=\"_ _6\"></span>ecognised at the net present v<span class=\"_ _6\"></span>alue of future lease paymen<span class=\"_ _6\"></span>ts, discounted at the r<span class=\"_ _6\"></span>ate implicit in the lease or<span class=\"_ _8\"></span>, where not available<span class=\"_ _6\"></span>, the Group<span class=\"_ _8\"></span>\u2019<span class=\"_ _8\"></span>s incremental borro<span class=\"_ _6\"></span>wing cost. Subsequent to initial r<span class=\"_ _6\"></span>ecognition, the right-of-use asset is depr<span class=\"_ _6\"></span>eciated on a str<span class=\"_ _6\"></span>aight-line basis o<span class=\"_ _6\"></span>ver the term of the le<span class=\"_ _6\"></span>ase. Future r<span class=\"_ _6\"></span>ental paymen<span class=\"_ _6\"></span>ts are deducte<span class=\"_ _6\"></span>d from the lease liability, with inter<span class=\"_ _6\"></span>est charge<span class=\"_ _6\"></span>d on the lease liability using the incremental borr<span class=\"_ _6\"></span>owing cos<span class=\"_ _6\"></span>t at the time of initial recognition. L<span class=\"_ _6\"></span>ease liability payments ar<span class=\"_ _6\"></span>e recognised within \ufb01nancing activities in the Consolidated Stat<span class=\"_ _6\"></span>ement of Cash Flo<span class=\"_ _6\"></span>ws<span class=\"_ _6\"></span>. The Group assesses the lik<span class=\"_ _8\"></span>ely impact of early terminations in recognising the right-o<span class=\"_ _6\"></span>f-use asset and lease liability where an option to t<span class=\"_ _6\"></span>erminate early exis<span class=\"_ _6\"></span>ts. For modi\ufb01cations that increase the length o<span class=\"_ _6\"></span>f a lease; the modi\ufb01ed lease term is determined and the lease liability r<span class=\"_ _6\"></span>emeasured by discounting the re<span class=\"_ _6\"></span>vised lease payments using a r<span class=\"_ _6\"></span>evised discount r<span class=\"_ _6\"></span>ate, at the e<span class=\"_ _6\"></span><span class=\"_ _383\">ffective dat</span><span class=\"_ _6\"></span>e of the lease modi\ufb01cation; a corresponding adjus<span class=\"_ _6\"></span>tment is made to the right-of-use asset. Wher<span class=\"_ _6\"></span>e modi\ufb01cations decrease the length of a le<span class=\"_ _6\"></span>ase, the lease liability and right-o<span class=\"_ _6\"></span>f-use asset are r<span class=\"_ _6\"></span>educed in proportion to the reduction in the lease term, with any gain or loss r<span class=\"_ _6\"></span>ecognised in the pro\ufb01t or loss<span class=\"_ _6\"></span>.<span class=\"_ _383\"> </span>Leases with lo<span class=\"_ _6\"></span>w future paymen<span class=\"_ _6\"></span>ts or terms less than 12 months ar<span class=\"_ _6\"></span>e recognised on an accruals basis directly in pro<span class=\"_ _6\"></span>\ufb01t or loss.<span class=\"_ _383\"> </span>",
   "dimensions": {
    "concept": "ifrs-full:DescriptionOfAccountingPolicyForBorrowingsExplanatory",
    "language": "en",
    "entity": "scheme:213800ZBKL9BHSL2K459",
    "period": "2022-01-01T00:00:00/2023-01-01T00:00:00"
   }
  },
  "fact-496": {
   "value": "p<span class=\"_ _6\"></span><span class=\"_ _383\">)\u2002Financial instrum</span><span class=\"_ _1\"></span>ents<span class=\"_ _383\"> </span><span class=\"_ _383\">i.\u2002Rec</span><span class=\"_ _1\"></span>ogn<span class=\"_ _1\"></span>ition<span class=\"_ _383\"> </span>The Group initially recognises loans and adv<span class=\"_ _6\"></span>ances, deposits<span class=\"_ _6\"></span>, debt securities issued and subordinated liabilities on the dat<span class=\"_ _6\"></span>e on which they are originated or acquired. All o<span class=\"_ _6\"></span>ther \ufb01nancial instruments ar<span class=\"_ _6\"></span>e accounted for on the tr<span class=\"_ _6\"></span>ade date which is when the Group becomes a party to the contractual pr<span class=\"_ _6\"></span>ovisions o<span class=\"_ _6\"></span>f the instrument. For \ufb01nancial instrument<span class=\"_ _6\"></span>s classi\ufb01ed as amortised cost or FVOCI, the Gr<span class=\"_ _6\"></span>oup initially recognises \ufb01nancial assets and \ufb01nancial liabilities at fair v<span class=\"_ _6\"></span>alue plus transaction income or cost<span class=\"_ _6\"></span>s that are directly attributable t<span class=\"_ _6\"></span>o its origination, acquisition or issue. Financial ins<span class=\"_ _6\"></span>truments classi\ufb01ed as amortised cost are subsequen<span class=\"_ _6\"></span>tly measured using the EIR method. T<span class=\"_ _8\"></span>ransaction costs r<span class=\"_ _6\"></span>elating to the acquisition or issue of a \ufb01nancial ins<span class=\"_ _6\"></span>trument at FVTPL are recognised in the pro<span class=\"_ _6\"></span>\ufb01t or loss as incurred. A<span class=\"_ _8\"></span>T1 securities are designated as equity instrumen<span class=\"_ _6\"></span>ts and recognised at fair v<span class=\"_ _6\"></span>alue on the date of issuance in equity along with incremen<span class=\"_ _6\"></span>tal costs directly attributable to the issuance of equity ins<span class=\"_ _6\"></span>truments<span class=\"_ _8\"></span>.<span class=\"_ _383\"> </span><span class=\"_ _383\">ii.\u2002</span><span class=\"_ _6\"></span>Classi\ufb01cation<span class=\"_ _383\"> </span>The Group classi\ufb01es \ufb01nancial instrumen<span class=\"_ _6\"></span>ts based on the business model and the contr<span class=\"_ _6\"></span>actual cash \ufb02o<span class=\"_ _6\"></span>w characteris<span class=\"_ _6\"></span>tics of the \ufb01nancial instrumen<span class=\"_ _6\"></span>ts. Under IFRS 9<span class=\"_ _1f6\"></span>, the Group classi\ufb01es \ufb01nancial assets in<span class=\"_ _6\"></span>to one of three measur<span class=\"_ _6\"></span>ement categories:<span class=\"_ _383\"> </span>\u2022 <span class=\"_ _124\"> </span><span class=\"ff2 ws2\">Amor<span class=\"_ _1\"></span>tised c<span class=\"_ _1\"></span>ost<span class=\"ff1\"> \u2013 assets in a business model to hold \ufb01nancial assets in or<span class=\"_ _6\"></span>der to collect contrac<span class=\"_ _6\"></span>tual cash \ufb02ows<span class=\"_ _8\"></span>, where the contractual terms o<span class=\"_ _6\"></span>f </span></span>the \ufb01nancial asset give rise on speci\ufb01ed dates t<span class=\"_ _6\"></span>o cash \ufb02ows that ar<span class=\"_ _6\"></span>e solely payments of principal and in<span class=\"_ _6\"></span>teres<span class=\"_ _6\"></span>t (SPPI) on the principal amount outstanding. \u2022 <span class=\"_ _124\"> </span><span class=\"ff2 lsee wsf3\">F<span class=\"_ _2\"></span>VO<span class=\"_ _1\"></span>C<span class=\"_ _1\"></span>I<span class=\"_ _2\"></span></span><span class=\"ws2\"> \u2013 assets held in a business model which collects contr<span class=\"_ _6\"></span>actual cash \ufb02ow<span class=\"_ _6\"></span>s and sells \ufb01nancial assets where the contr<span class=\"_ _6\"></span>actual terms of the </span>\ufb01nancial assets give rise on speci\ufb01ed dat<span class=\"_ _6\"></span>es to cash \ufb02ows that ar<span class=\"_ _6\"></span>e SPPI on the principal amount outs<span class=\"_ _6\"></span>tanding. \u2022 <span class=\"_ _124\"> </span><span class=\"ff2\">F<span class=\"_ _1\"></span>V<span class=\"_ _1\"></span>TPL</span><span class=\"ws2\"> \u2013 assets not measured at amortised cost or FV<span class=\"_ _8\"></span>OCI. The Group measures derivativ<span class=\"_ _6\"></span>es, an acquir<span class=\"_ _6\"></span>ed mortgage por<span class=\"_ _1\"></span>tfolio and an </span>inv<span class=\"_ _6\"></span>estment security under this cate<span class=\"_ _6\"></span>gory. The Group classi\ufb01es non-derivativ<span class=\"_ _6\"></span>e \ufb01nancial liabilities as measured at amortised cost.<span class=\"_ _383\"> </span>The Group has no non-derivativ<span class=\"_ _6\"></span>e \ufb01nancial assets or liabilities classi\ufb01ed as held for tr<span class=\"_ _6\"></span>ading. The Group reassesses it<span class=\"_ _6\"></span>s business models each reporting period.<span class=\"_ _383\"> </span>The Group classi\ufb01es certain \ufb01nancial instruments as e<span class=\"_ _6\"></span>quity where they meet the follo<span class=\"_ _6\"></span>wing conditions:<span class=\"_ _383\"> </span>\u2022 <span class=\"_ _124\"> </span><span class=\"ws2\">the \ufb01nancial instrument includes no contr<span class=\"_ _6\"></span>actual obligation to deliver cash or another \ufb01nancial asse<span class=\"_ _6\"></span>t on potentially unf<span class=\"_ _6\"></span>avour<span class=\"_ _6\"></span>able conditions;<span class=\"_ _383\"> </span></span>\u2022 <span class=\"_ _124\"> </span><span class=\"ws2\">the \ufb01nancial instrument is a non-derivativ<span class=\"_ _6\"></span>e that includes no contractual obligation f<span class=\"_ _6\"></span>or the issuer to deliver a v<span class=\"_ _6\"></span>ariable number of its own e<span class=\"_ _6\"></span>quity </span>instrument<span class=\"_ _6\"></span>s; or<span class=\"_ _383\"> </span>\u2022 <span class=\"_ _124\"> </span><span class=\"ws2\">the \ufb01nancial instrument is a derivativ<span class=\"_ _6\"></span>e that will be settled only by the issuer ex<span class=\"_ _6\"></span>changing a \ufb01xed amount o<span class=\"_ _6\"></span>f cash or another \ufb01nancial asset for </span>a \ufb01xed number of it<span class=\"_ _6\"></span>s own equity ins<span class=\"_ _6\"></span>truments<span class=\"_ _6\"></span>.<span class=\"_ _383\"> </span>During the year equity \ufb01nancial instrumen<span class=\"_ _6\"></span>ts comprised own shar<span class=\"_ _6\"></span>es, and A<span class=\"_ _1f6\"></span>T1 securities (2021: and non-controlling in<span class=\"_ _6\"></span>terest securities). Accor<span class=\"_ _6\"></span>dingly, the coupons paid on the non-controlling int<span class=\"_ _6\"></span>erest securities and A<span class=\"_ _1f6\"></span>T1 securities are recognised directly in retaine<span class=\"_ _6\"></span><span class=\"_ _383\">d earnings when paid.\u2003</span><span class=\"_ _383\">iii.\u2002D</span><span class=\"_ _1\"></span>ere<span class=\"_ _1\"></span>co<span class=\"_ _1\"></span>gnit<span class=\"_ _1\"></span>ion<span class=\"_ _383\"> </span>The Group derecognises \ufb01nancial assets when the con<span class=\"_ _6\"></span>tractual righ<span class=\"_ _6\"></span>ts to the cash \ufb02ow<span class=\"_ _6\"></span>s expire or the Gr<span class=\"_ _6\"></span>oup transf<span class=\"_ _6\"></span>ers subst<span class=\"_ _6\"></span>antially all risk<span class=\"_ _6\"></span>s and re<span class=\"_ _6\"></span>war<span class=\"_ _6\"></span>ds of owner<span class=\"_ _6\"></span>ship of the \ufb01nancial asset. <span class=\"_ _383\">The Group off</span><span class=\"_ _6\"></span>ers re<span class=\"_ _6\"></span>\ufb01nancing options to customer<span class=\"_ _6\"></span>s which have been assessed within the principles of IFR<span class=\"_ _6\"></span>S 9 and rele<span class=\"_ _6\"></span>vant guidance. The assessment concludes the original mortgage asset is derecognised at the re\ufb01nancing poin<span class=\"_ _6\"></span>t with a new \ufb01nancial asset r<span class=\"_ _6\"></span>ecognised.<span class=\"_ _383\"> </span>The forbear<span class=\"_ _6\"></span><span class=\"_ _383\">ance measures offer</span><span class=\"_ _6\"></span>ed by the Group are consider<span class=\"_ _6\"></span>ed a modi\ufb01cation ev<span class=\"_ _8\"></span>ent as the contractual cash \ufb02o<span class=\"_ _6\"></span>ws are r<span class=\"_ _6\"></span>enegotiated or otherwise modi\ufb01ed. The Group considers the r<span class=\"_ _6\"></span>enegotiated or modi\ufb01ed cash \ufb02o<span class=\"_ _8\"></span>ws are not a substantial mo<span class=\"_ _6\"></span>di\ufb01cation from the contr<span class=\"_ _6\"></span>actual cash \ufb02ow<span class=\"_ _6\"></span>s and does not consider that forbearance measur<span class=\"_ _6\"></span>es give rise to a der<span class=\"_ _6\"></span>ecognition even<span class=\"_ _6\"></span>t. Financial liabilities are derecognised only when the obligation is dischar<span class=\"_ _6\"></span>ged, cancelled or has expir<span class=\"_ _6\"></span>ed.<span class=\"_ _383\"> </span><span class=\"_ _383\">iv.\u2002Offse</span><span class=\"_ _1\"></span>tti<span class=\"_ _1\"></span>ng<span class=\"_ _383\"> </span>Financial assets and \ufb01nancial liabilities are o<span class=\"_ _6\"></span><span class=\"_ _383\">ffset and the net amount pr</span><span class=\"_ _6\"></span>esented in the Consolidated S<span class=\"_ _6\"></span>tatement o<span class=\"_ _6\"></span>f Financial Position when, and only when, the Group curren<span class=\"_ _6\"></span>tly has a legally enfor<span class=\"_ _6\"></span><span class=\"_ _383\">ceable right to off</span><span class=\"_ _6\"></span>set the amounts and it in<span class=\"_ _6\"></span>tends either to settle them on a net basis or to r<span class=\"_ _6\"></span>ealise the asset and settle the liability simultaneously. The Group<span class=\"_ _8\"></span>\u2019<span class=\"_ _6\"></span>s derivativ<span class=\"_ _6\"></span>es are cov<span class=\"_ _6\"></span>ered by indus<span class=\"_ _6\"></span>try standar<span class=\"_ _6\"></span>d master netting agr<span class=\"_ _6\"></span>eements<span class=\"_ _6\"></span>. Master netting agr<span class=\"_ _6\"></span>eements creat<span class=\"_ _6\"></span>e a right of set-o<span class=\"_ _6\"></span><span class=\"_ _383\">ff that </span>becomes enforceable only follo<span class=\"_ _8\"></span>wing a spe<span class=\"_ _1\"></span>ci\ufb01ed ev<span class=\"_ _6\"></span>ent of de<span class=\"_ _6\"></span>fault or in other circums<span class=\"_ _6\"></span>tances not expected to arise in the normal cour<span class=\"_ _6\"></span>se of business<span class=\"_ _6\"></span>. These arrangemen<span class=\"_ _6\"></span><span class=\"_ _383\">ts do not qualify for off</span><span class=\"_ _6\"></span>setting and as such the Group reports derivativ<span class=\"_ _6\"></span>es on a gross basis<span class=\"_ _6\"></span>.<span class=\"_ _383\"> </span>Collateral in r<span class=\"_ _6\"></span>espect of derivatives is subject t<span class=\"_ _6\"></span>o the standar<span class=\"_ _6\"></span>d industry terms of In<span class=\"_ _6\"></span>ternational Sw<span class=\"_ _6\"></span>aps and Derivatives Association (ISD<span class=\"_ _6\"></span>A) Credit Support Annex. This means that the cash r<span class=\"_ _6\"></span>eceived or given as collater<span class=\"_ _6\"></span>al can be pledged or used during the term o<span class=\"_ _6\"></span>f the transaction but mus<span class=\"_ _6\"></span>t be returned on maturity of the tr<span class=\"_ _8\"></span>ansaction. The terms also give each counterparty the right to terminate the r<span class=\"_ _6\"></span>elated tr<span class=\"_ _6\"></span>ansactions upon the counterparty\u2019<span class=\"_ _1f6\"></span>s failure to post collater<span class=\"_ _6\"></span>al. Collateral paid or receiv<span class=\"_ _6\"></span><span class=\"_ _383\">ed does not qualify for off</span><span class=\"_ _6\"></span>setting and is recognised in loans and advances to credit ins<span class=\"_ _6\"></span>titutions and amounts o<span class=\"_ _6\"></span>wed to cr<span class=\"_ _6\"></span>edit institutions<span class=\"_ _6\"></span>, respectiv<span class=\"_ _6\"></span>ely.<span class=\"_ _383\"> </span>v<span class=\"_ _6\"></span><span class=\"_ _383\">.\u2002Amo</span><span class=\"_ _1\"></span>rti<span class=\"_ _1\"></span>se<span class=\"_ _1\"></span>d co<span class=\"_ _1\"></span>st me<span class=\"_ _1\"></span>as<span class=\"_ _1\"></span>ure<span class=\"_ _1\"></span>me<span class=\"_ _1\"></span>nt<span class=\"_ _383\"> </span>The amortised cost of a \ufb01nancial asset or \ufb01nancial liability is the amount at which the \ufb01nancial asset or \ufb01nancial liability is measur<span class=\"_ _6\"></span>ed at initial recognition, less principal payments or r<span class=\"_ _6\"></span>eceipts, plus or minus the cumulativ<span class=\"_ _6\"></span><span class=\"_ _383\">e amortisation using the EIR method of any difference betw</span><span class=\"_ _6\"></span>een the initial amount recognised and the maturity amoun<span class=\"_ _6\"></span>t, minus any reduction for impairmen<span class=\"_ _6\"></span>t of assets<span class=\"_ _6\"></span>.<span class=\"_ _383\"> </span><span class=\"_ _383\">vi.\u2002Fa</span><span class=\"_ _1\"></span>ir valu<span class=\"_ _1\"></span>e me<span class=\"_ _1\"></span>asur<span class=\"_ _1\"></span>em<span class=\"_ _1\"></span>ent<span class=\"_ _383\"> </span>Fair value is the price that would be r<span class=\"_ _6\"></span>eceived to sell an asset or paid to tr<span class=\"_ _8\"></span>ansfer a liability in an orderly transaction be<span class=\"_ _6\"></span>tween mark<span class=\"_ _8\"></span>et par<span class=\"_ _1\"></span>ticipants at the measurement dat<span class=\"_ _6\"></span>e in the principal or<span class=\"_ _8\"></span>, in its absence, the most adv<span class=\"_ _6\"></span>antageous mark<span class=\"_ _8\"></span>et to which the Group has access at that date. When available, the Gr<span class=\"_ _6\"></span>oup measures the f<span class=\"_ _6\"></span>air value of an instrumen<span class=\"_ _6\"></span>t using the quoted price in an activ<span class=\"_ _6\"></span>e mark<span class=\"_ _6\"></span>et for that ins<span class=\"_ _6\"></span>trument. A mark<span class=\"_ _8\"></span>et is<span class=\"_ _1\"></span> regar<span class=\"_ _6\"></span>ded as active if tr<span class=\"_ _6\"></span>ansactions for the asset or liability tak<span class=\"_ _8\"></span><span class=\"_ _383\">e place with sufficient frequency and v</span><span class=\"_ _6\"></span>olume to pro<span class=\"_ _6\"></span>vide pricing information on an ongoing basis. The Gr<span class=\"_ _6\"></span>oup measures its in<span class=\"_ _6\"></span>ves<span class=\"_ _6\"></span>tment securities and Perpetual Subordinat<span class=\"_ _6\"></span>ed Bonds (PSBs) at fair value using quoted mark<span class=\"_ _8\"></span>et prices where available<span class=\"_ _6\"></span><span class=\"_ _383\">. \u2003</span>If there is no quoted price in an activ<span class=\"_ _6\"></span>e mark<span class=\"_ _8\"></span>et, then the Group uses valuation techniques that maximise the use of rele<span class=\"_ _6\"></span>vant observable inputs and minimise the use of unobservable inputs. The Group uses SONIA curves to value it<span class=\"_ _6\"></span>s derivatives<span class=\"_ _8\"></span>, previously a combination of LIBOR and SONIA curves<span class=\"_ _6\"></span>. The fair value of the Gr<span class=\"_ _6\"></span>oup<span class=\"_ _6\"></span>\u2019<span class=\"_ _8\"></span>s derivative \ufb01nancial instrument<span class=\"_ _6\"></span>s incorporates cre<span class=\"_ _6\"></span>dit valuation adjustmen<span class=\"_ _6\"></span>ts (C<span class=\"_ _8\"></span>V<span class=\"_ _6\"></span>A) and debit valuation adjustmen<span class=\"_ _6\"></span>ts (D<span class=\"_ _6\"></span>V<span class=\"_ _8\"></span>A). The DV<span class=\"_ _1f6\"></span>A and CV<span class=\"_ _1f6\"></span>A take in<span class=\"_ _6\"></span>to account the respective cr<span class=\"_ _6\"></span>edit ratings o<span class=\"_ _6\"></span>f the Group<span class=\"_ _8\"></span>\u2019<span class=\"_ _6\"></span>s two banking en<span class=\"_ _6\"></span>tities and counterparty and whether the derivative is collater<span class=\"_ _6\"></span>alised or not. Derivativ<span class=\"_ _6\"></span>es are valued using discoun<span class=\"_ _6\"></span>ted cash \ufb02ow models and observable mark<span class=\"_ _8\"></span>et data and are sensitiv<span class=\"_ _6\"></span>e to benchmark inter<span class=\"_ _6\"></span>est and basis rat<span class=\"_ _6\"></span>e curves. The fair value of in<span class=\"_ _6\"></span>ves<span class=\"_ _6\"></span>tment securities held at FVTPL is measured using a discounted cash \ufb02o<span class=\"_ _6\"></span>w model.<span class=\"_ _383\"> </span><span class=\"_ _383\">vii.\u2002I</span><span class=\"_ _1\"></span>de<span class=\"_ _1\"></span>nti\ufb01c<span class=\"_ _1\"></span>ation a<span class=\"_ _1\"></span>nd m<span class=\"_ _1\"></span>eas<span class=\"_ _1\"></span>ure<span class=\"_ _1\"></span>me<span class=\"_ _1\"></span>nt of imp<span class=\"_ _1\"></span>air<span class=\"_ _1\"></span>men<span class=\"_ _1\"></span>t of \ufb01n<span class=\"_ _1\"></span>anci<span class=\"_ _1\"></span>al as<span class=\"_ _1\"></span>se<span class=\"_ _1\"></span>ts<span class=\"_ _383\"> </span>The Group assesses all \ufb01nancial assets f<span class=\"_ _6\"></span>or impairment. Loans a<span class=\"_ _1\"></span>nd adva<span class=\"_ _1\"></span>nc<span class=\"_ _1\"></span>es to cu<span class=\"_ _1\"></span>stom<span class=\"_ _1\"></span>ers<span class=\"_ _383\"> </span>The Group uses the IFRS 9 thr<span class=\"_ _6\"></span>ee-stage ECL appr<span class=\"_ _6\"></span>oach for measuring impairmen<span class=\"_ _6\"></span>t. The three impairment st<span class=\"_ _6\"></span>ages are as follo<span class=\"_ _6\"></span>ws:<span class=\"_ _383\"> </span>\u2022 <span class=\"_ _124\"> </span><span class=\"ff2 ws2\">Stage 1<span class=\"ff1\"> \u2013 a 12 month ECL allow<span class=\"_ _8\"></span>anc<span class=\"_ _1\"></span>e is recognised where ther<span class=\"_ _6\"></span>e is no signi\ufb01cant increase in cr<span class=\"_ _6\"></span>edit risk (SICR) since initial recognition.<span class=\"_ _383\"> </span></span></span>\u2022 <span class=\"_ _124\"> </span><span class=\"ff2 ws2\">Stage 2<span class=\"ff1\"> \u2013 a lifetime ECL allow<span class=\"_ _8\"></span>anc<span class=\"_ _1\"></span>e is recognised for assets wher<span class=\"_ _6\"></span>e a SICR is identi\ufb01ed since initial recognition. The assessment o<span class=\"_ _6\"></span>f whether </span></span>credit risk has incre<span class=\"_ _6\"></span>ased signi\ufb01cantly since initial recognition is performed for each r<span class=\"_ _6\"></span>eporting period for the life of the loan.<span class=\"_ _383\"> </span>\u2022 <span class=\"_ _124\"> </span><span class=\"ff2 ws2\">Stage 3<span class=\"ff1\"> \u2013 requires objective e<span class=\"_ _8\"></span>videnc<span class=\"_ _1\"></span>e that an asset is credit impair<span class=\"_ _6\"></span>ed, at which point a lifetime ECL<span class=\"_ _6\"></span> allow<span class=\"_ _6\"></span>ance is recognised.<span class=\"_ _383\"> </span></span></span>The Group measures impairmen<span class=\"_ _6\"></span>t through the use of individual and mo<span class=\"_ _6\"></span>delled assessments<span class=\"_ _6\"></span>. Individual assessment<span class=\"_ _383\"> </span>The Group<span class=\"_ _8\"></span>\u2019<span class=\"_ _6\"></span>s pro<span class=\"_ _6\"></span>visioning process requir<span class=\"_ _6\"></span>es individual assessment for high exposur<span class=\"_ _6\"></span>e or higher risk loans<span class=\"_ _6\"></span>, where La<span class=\"_ _6\"></span>w of Property Act (LP<span class=\"_ _8\"></span>A) receivers have been appoint<span class=\"_ _6\"></span>ed, the property is tak<span class=\"_ _6\"></span>en into possession or ther<span class=\"_ _6\"></span>e are other e<span class=\"_ _6\"></span>vent<span class=\"_ _6\"></span>s that suggest a high probability o<span class=\"_ _6\"></span>f credit loss<span class=\"_ _6\"></span>. Loans ar<span class=\"_ _6\"></span>e considered at a connection lev<span class=\"_ _6\"></span>el, i.e<span class=\"_ _6\"></span>. including all loans connected to the cust<span class=\"_ _6\"></span>omer<span class=\"_ _8\"></span>. The Group estimat<span class=\"_ _6\"></span>es cash \ufb02ows fr<span class=\"_ _6\"></span>om these loans, including e<span class=\"_ _6\"></span>xpected inter<span class=\"_ _6\"></span>est and principal paymen<span class=\"_ _6\"></span>ts, r<span class=\"_ _6\"></span>ental or sale pr<span class=\"_ _6\"></span>oceeds, selling and other costs<span class=\"_ _6\"></span>. The Group obtains up-to-dat<span class=\"_ _6\"></span>e independent valuations for pr<span class=\"_ _6\"></span>operties put up for sale. For all individually assessed loans with a con\ufb01rmed sale, should the pr<span class=\"_ _6\"></span>esent value o<span class=\"_ _6\"></span>f estimated futur<span class=\"_ _6\"></span>e cash \ufb02ows discoun<span class=\"_ _6\"></span>ted at the original EIR be less than the carrying value of the loan, a pr<span class=\"_ _6\"></span>ovision is r<span class=\"_ _6\"></span><span class=\"_ _383\">ecognised for the difference with such loans being classi\ufb01ed as impair</span><span class=\"_ _6\"></span>ed. How<span class=\"_ _6\"></span>ev<span class=\"_ _6\"></span>er<span class=\"_ _8\"></span>, should the present v<span class=\"_ _6\"></span>alue of the estimate<span class=\"_ _6\"></span>d future cash \ufb02o<span class=\"_ _6\"></span>ws exceed the carrying v<span class=\"_ _6\"></span>alue, no pro<span class=\"_ _8\"></span>vision is recognised. For all remaining individually assessed loans, should a full loss be e<span class=\"_ _6\"></span>xpected, the pro<span class=\"_ _6\"></span>vision is set to the carrying value<span class=\"_ _6\"></span>, with all other individually assessed loans applying the gre<span class=\"_ _6\"></span>ater of either the modelled or individual assessment.<span class=\"_ _383\"> </span>The Group applies a modelled assessmen<span class=\"_ _6\"></span>t to all loans with no individually assessed pro<span class=\"_ _6\"></span>vision.<span class=\"_ _383\"> </span>IFR<span class=\"_ _1\"></span>S 9 mod<span class=\"_ _1\"></span>el<span class=\"_ _1\"></span>le<span class=\"_ _1\"></span>d imp<span class=\"_ _1\"></span>ai<span class=\"_ _1\"></span>rment<span class=\"_ _383\"> </span>Measurement of<span class=\"_ _6\"></span> ECL<span class=\"_ _383\"> </span>The assessment of cr<span class=\"_ _6\"></span>edit risk and the estimation of ECL<span class=\"_ _6\"></span> are unbiased and pr<span class=\"_ _6\"></span>obability weight<span class=\"_ _6\"></span>ed. The ECL calculation is a produc<span class=\"_ _6\"></span>t of an individual loan<span class=\"_ _8\"></span>\u2019<span class=\"_ _6\"></span>s probability of def<span class=\"_ _6\"></span>ault (PD), exposur<span class=\"_ _6\"></span>e at default (EAD<span class=\"_ _6\"></span>) and loss given def<span class=\"_ _6\"></span>ault (L<span class=\"_ _8\"></span>GD) discounted at the EIR. The ECL<span class=\"_ _6\"></span> drivers o<span class=\"_ _6\"></span>f PD<span class=\"_ _8\"></span>, EAD and<span class=\"_ _1\"></span> L<span class=\"_ _8\"></span>GD are modelled at an account lev<span class=\"_ _6\"></span>el. The assessment of whether a SICR has occurred is based on quan<span class=\"_ _6\"></span>titative r<span class=\"_ _6\"></span>elative PD thr<span class=\"_ _6\"></span>esholds and a suite of qualitativ<span class=\"_ _6\"></span>e triggers<span class=\"_ _6\"></span>.<span class=\"_ _383\"> </span>In accordance with PRA CO<span class=\"_ _6\"></span>VID-19 guidance<span class=\"_ _6\"></span>, the Group did not automatically consider the tak<span class=\"_ _8\"></span>e-up of customer paymen<span class=\"_ _6\"></span>t deferr<span class=\"_ _6\"></span>als during the pandemic to be an indication of a SICR and, in the absence of other indicat<span class=\"_ _6\"></span>ors such as pre<span class=\"_ _6\"></span>vious arrear<span class=\"_ _6\"></span>s, lo<span class=\"_ _6\"></span>w credit score or high o<span class=\"_ _6\"></span>ther indebtedness<span class=\"_ _6\"></span>, the staging of these lo<span class=\"_ _6\"></span>ans remains unchanged in its ECL c<span class=\"_ _6\"></span>alculations.<span class=\"_ _383\"> </span>Sign<span class=\"_ _1\"></span>i\ufb01c<span class=\"_ _1\"></span>ant inc<span class=\"_ _1\"></span>re<span class=\"_ _1\"></span>as<span class=\"_ _1\"></span>e in cre<span class=\"_ _1\"></span>dit r<span class=\"_ _1\"></span>isk (movem<span class=\"_ _1\"></span>ent to s<span class=\"_ _1\"></span>tag<span class=\"_ _1\"></span>e 2)<span class=\"_ _383\"> </span>The Group<span class=\"_ _8\"></span>\u2019<span class=\"_ _6\"></span>s transf<span class=\"_ _6\"></span>er criteria determine what constitutes a SICR<span class=\"_ _6\"></span>, which results in an e<span class=\"_ _6\"></span>xposure being mo<span class=\"_ _6\"></span>ved fr<span class=\"_ _6\"></span>om stage 1 to s<span class=\"_ _6\"></span>tage 2.<span class=\"_ _383\"> </span>At the point o<span class=\"_ _6\"></span>f initial recognition, a loan is assigned a PD estimat<span class=\"_ _6\"></span>e. For each month<span class=\"_ _6\"></span>ly reporting date thereafter<span class=\"_ _8\"></span>, an updated PD estimate is computed. The Group<span class=\"_ _8\"></span>\u2019<span class=\"_ _6\"></span>s transf<span class=\"_ _6\"></span>er criteria analyses relativ<span class=\"_ _6\"></span>e changes in PD ver<span class=\"_ _6\"></span>sus the PD assigned at the point of origination, toge<span class=\"_ _6\"></span>ther with qualitative trigger<span class=\"_ _6\"></span>s using both internal indicat<span class=\"_ _6\"></span>ors, such as f<span class=\"_ _6\"></span>orbearance<span class=\"_ _6\"></span>, and external inf<span class=\"_ _6\"></span>ormation, such as changes in income and adverse cr<span class=\"_ _6\"></span>edit information to assess f<span class=\"_ _6\"></span>or SICR. In the ev<span class=\"_ _8\"></span>ent that given early warning trigger<span class=\"_ _6\"></span>s have not alr<span class=\"_ _6\"></span>eady identi\ufb01ed SICR<span class=\"_ _6\"></span>, an account more than 30 days pas<span class=\"_ _6\"></span>t due is considered to hav<span class=\"_ _6\"></span>e experienced a SICR.<span class=\"_ _383\"> </span>A borro<span class=\"_ _6\"></span>wer will mo<span class=\"_ _6\"></span>ve back int<span class=\"_ _6\"></span>o stage 1 only if the SICR de\ufb01nition is no longer trigger<span class=\"_ _6\"></span>ed.<span class=\"_ _383\"> </span>De\ufb01<span class=\"_ _1\"></span>nitio<span class=\"_ _1\"></span>n of def<span class=\"_ _1\"></span>ault (movem<span class=\"_ _1\"></span>ent to s<span class=\"_ _1\"></span>tag<span class=\"_ _1\"></span>e 3)<span class=\"_ _383\"> </span>The Group uses a number of quan<span class=\"_ _6\"></span>titative and qualitativ<span class=\"_ _8\"></span>e criteria to determine whether an account meets the de\ufb01nition of def<span class=\"_ _6\"></span>ault and theref<span class=\"_ _6\"></span>ore mov<span class=\"_ _6\"></span>es to stage 3<span class=\"_ _6\"></span>. The criteria curren<span class=\"_ _6\"></span>tly include:<span class=\"_ _383\"> </span>\u2022 <span class=\"_ _124\"> </span><span class=\"ws2\">If an acc<span class=\"_ _1\"></span>ount is more than 90 days pas<span class=\"_ _6\"></span>t due. </span>\u2022 <span class=\"_ _124\"> </span><span class=\"ws2\">Accounts that have mov<span class=\"_ _6\"></span>ed into an un<span class=\"_ _6\"></span>lik<span class=\"_ _6\"></span>ely to pay position, which includes forbear<span class=\"_ _6\"></span>ance, bankruptcy, r<span class=\"_ _6\"></span>epossession and interes<span class=\"_ _6\"></span>t-only term </span>expiry.<span class=\"_ _383\"> </span>A borro<span class=\"_ _6\"></span>wer will mo<span class=\"_ _6\"></span>ve out of s<span class=\"_ _6\"></span>tage 3 when its cre<span class=\"_ _6\"></span>dit risk improv<span class=\"_ _6\"></span>es such that it no longer meets the 90 days past due and unlik<span class=\"_ _8\"></span>ely to pay criteria and following this has complet<span class=\"_ _6\"></span>ed an internally appr<span class=\"_ _6\"></span>ove<span class=\"_ _6\"></span>d probation period. The borro<span class=\"_ _6\"></span>wer will mo<span class=\"_ _8\"></span>ve to stage 1 or s<span class=\"_ _6\"></span>tage 2 dependent on whether the SICR applies.<span class=\"_ _383\"> </span>Forward-looking<span class=\"_ _6\"></span> macroeconomic scenarios<span class=\"_ _383\"> </span>The risk of default and ECL<span class=\"_ _6\"></span> loss assessments tak<span class=\"_ _8\"></span>e into consideration e<span class=\"_ _6\"></span>xpectations of economic changes that are deemed to be r<span class=\"_ _6\"></span>easonably possible.<span class=\"_ _383\"> </span>The Group conducts analysis to det<span class=\"_ _6\"></span>ermine the most signi\ufb01cant f<span class=\"_ _6\"></span>actors which may in\ufb02uence the lik<span class=\"_ _8\"></span>elihood of an exposure de<span class=\"_ _6\"></span>faulting in the future<span class=\"_ _6\"></span>. The macroeconomic factors r<span class=\"_ _6\"></span>elate to the HPI, unemployment r<span class=\"_ _8\"></span>ate (UR), Consumer Pric<span class=\"_ _1\"></span>e Index (CPI), Gr<span class=\"_ _6\"></span>oss domestic pro<span class=\"_ _6\"></span>duct (GDP), Commercial Real Es<span class=\"_ _6\"></span>tate Index (<span class=\"_ _6\"></span>CRE) and the Bank of England Base Rate (BBR).<span class=\"_ _383\"> </span>The Group has de<span class=\"_ _6\"></span>veloped an appro<span class=\"_ _6\"></span>ach for factoring pr<span class=\"_ _6\"></span>obability-weigh<span class=\"_ _6\"></span>ted macroeconomic forecas<span class=\"_ _6\"></span>ts into ECL<span class=\"_ _6\"></span> calculations, adjus<span class=\"_ _6\"></span>ting PD and L<span class=\"_ _8\"></span>GD estimates<span class=\"_ _6\"></span>. The macroeconomic scenarios feed directly int<span class=\"_ _6\"></span>o the ECL calculation, as the adjust<span class=\"_ _6\"></span>ed PD<span class=\"_ _8\"></span>, lifetime PD and L<span class=\"_ _6\"></span>GD estimates ar<span class=\"_ _6\"></span>e used within the individual account ECL allo<span class=\"_ _6\"></span>wance calculations<span class=\"_ _6\"></span>.<span class=\"_ _383\"> </span>The Group sources economic for<span class=\"_ _6\"></span>ecast information fr<span class=\"_ _6\"></span>om an appropriately quali\ufb01ed thir<span class=\"_ _6\"></span>d party when determining scenarios. The Group consider<span class=\"_ _6\"></span>s four probability-<span class=\"_ _6\"></span>weight<span class=\"_ _6\"></span>ed scenarios, base<span class=\"_ _6\"></span>, upside, do<span class=\"_ _6\"></span>wnside and sev<span class=\"_ _6\"></span>ere downside scenarios<span class=\"_ _8\"></span>.<span class=\"_ _1\"></span> The base case is also utilised within the Group<span class=\"_ _8\"></span>\u2019<span class=\"_ _8\"></span>s impairment forecasting pr<span class=\"_ _6\"></span>ocess which in turn feeds the wider business planning processes. The ECL models are also use<span class=\"_ _6\"></span>d to set the Group<span class=\"_ _8\"></span>\u2019<span class=\"_ _8\"></span>s credit risk appetite thresholds and limits<span class=\"_ _6\"></span>.<span class=\"_ _383\"> </span>Peri<span class=\"_ _1\"></span>od ove<span class=\"_ _1\"></span>r wh<span class=\"_ _1\"></span>ich EC<span class=\"_ _1\"></span>L is me<span class=\"_ _1\"></span>as<span class=\"_ _1\"></span>ure<span class=\"_ _1\"></span>d ECL is measure<span class=\"_ _6\"></span>d from the initial recognition of the asset which is the dat<span class=\"_ _6\"></span>e at which the loan is originated or the date a loan is purchase<span class=\"_ _6\"></span>d and at each balance sheet date thereafter<span class=\"_ _8\"></span>. The maximum period considered when measuring ECL (<span class=\"_ _8\"></span>either 12 months or lifetime ECL) is the maximum contractual perio<span class=\"_ _6\"></span>d ov<span class=\"_ _6\"></span>er which the Group is exposed t<span class=\"_ _6\"></span>o the credit risk of the asset. For modelling purposes<span class=\"_ _8\"></span>, the Group considers the contractual maturity of the loan produc<span class=\"_ _6\"></span>t and then considers the behavioural tr<span class=\"_ _6\"></span>ends of the asset.<span class=\"_ _383\"> </span>Purchased or ori<span class=\"_ _6\"></span>ginated credi<span class=\"_ _6\"></span>t impaired (POCI)<span class=\"_ _383\"> </span>Acquired loans that meet the Gr<span class=\"_ _6\"></span>oup<span class=\"_ _8\"></span>\u2019<span class=\"_ _6\"></span>s de\ufb01nition of def<span class=\"_ _6\"></span>ault (90 days past due or an unlik<span class=\"_ _8\"></span>ely to pay position) at acquisition are treat<span class=\"_ _6\"></span>ed as POCI assets<span class=\"_ _6\"></span>. These assets attract a lif<span class=\"_ _6\"></span>etime ECL allo<span class=\"_ _6\"></span>wance o<span class=\"_ _6\"></span>ver the full term of the lo<span class=\"_ _6\"></span>an, even when these lo<span class=\"_ _6\"></span>ans no longer meet the de\ufb01nition of def<span class=\"_ _6\"></span>ault post acquisition. The Gr<span class=\"_ _6\"></span>oup does not originate credit-impaire<span class=\"_ _6\"></span>d loans.<span class=\"_ _383\"> </span>Intercomp<span class=\"_ _1\"></span>any loans<span class=\"_ _383\"> </span>Inter<span class=\"_ _6\"></span>company receivables in the Company \ufb01nancial statemen<span class=\"_ _6\"></span>ts are assessed for ECL<span class=\"_ _6\"></span> based on an assessment of the PD and L<span class=\"_ _1f6\"></span>GD, discoun<span class=\"_ _6\"></span>ted to a net present v<span class=\"_ _6\"></span>alue. Other \ufb01nan<span class=\"_ _1\"></span>cial ass<span class=\"_ _1\"></span>ets<span class=\"_ _383\"> </span>Other \ufb01nancial assets comprise cash balances with the Bank of England (BoE) and other credit ins<span class=\"_ _6\"></span>titutions and high grade in<span class=\"_ _6\"></span>ves<span class=\"_ _6\"></span>tment securities. The Group deems the lik<span class=\"_ _8\"></span>elihood of default across these counterparties as lo<span class=\"_ _6\"></span>w and does not recognise a provision agains<span class=\"_ _6\"></span>t the carrying balances.<span class=\"_ _383\"> </span>Share repurcha<span class=\"_ _6\"></span>se Upon Board authorisation of a shar<span class=\"_ _6\"></span>e repurchase pr<span class=\"_ _6\"></span>ogramme and signing an irr<span class=\"_ _6\"></span>ev<span class=\"_ _6\"></span>ocable agreement, a shar<span class=\"_ _6\"></span>e repurchase liability is r<span class=\"_ _6\"></span>ecognised in <span class=\"_ _383\">other liabilities with the offset in r</span><span class=\"_ _6\"></span>etained earnings<span class=\"_ _6\"></span>. Each share r<span class=\"_ _6\"></span>epurchase re<span class=\"_ _6\"></span>duces the provision. Upon shar<span class=\"_ _6\"></span>e cancellation, share capital is debited with a credit to the capit<span class=\"_ _6\"></span>al redemption reserve equal t<span class=\"_ _6\"></span>o \u00a30<span class=\"_ _6\"></span>.01 f<span class=\"_ _6\"></span>or each share cancelled.<span class=\"_ _383\"> </span><span class=\"_ _383\">q)\u2002Lo</span><span class=\"_ _1\"></span>ans and a<span class=\"_ _1\"></span>dvanc<span class=\"_ _1\"></span>es to c<span class=\"_ _1\"></span>ust<span class=\"_ _1\"></span>ome<span class=\"_ _1\"></span>rs<span class=\"_ _383\"> </span>Loans and adv<span class=\"_ _6\"></span>ances to customer<span class=\"_ _6\"></span>s are predominan<span class=\"_ _6\"></span>tly mortgage loans and advances to customer<span class=\"_ _6\"></span>s with \ufb01xed or determinable paymen<span class=\"_ _6\"></span>ts that are not quoted in an ac<span class=\"_ _6\"></span>tive mark<span class=\"_ _8\"></span>et and that the Group does not intend to sell in the near t<span class=\"_ _6\"></span>erm. They are initially recorde<span class=\"_ _6\"></span>d at fair value plus any directly attributable tr<span class=\"_ _6\"></span>ansaction costs and ar<span class=\"_ _6\"></span>e subsequently measured at amortised cost using the EIR method, less impairmen<span class=\"_ _6\"></span>t losses. Wher<span class=\"_ _6\"></span>e exposures ar<span class=\"_ _6\"></span>e hedged by derivativ<span class=\"_ _6\"></span>es, designate<span class=\"_ _6\"></span>d and qualifying as fair value hedges<span class=\"_ _6\"></span>, the fair value adjus<span class=\"_ _6\"></span>tment for the hedged risk t<span class=\"_ _6\"></span>o the carrying value of the hedged loans and adv<span class=\"_ _6\"></span>ances is reported in fair value adjus<span class=\"_ _6\"></span>tments for hedged asse<span class=\"_ _6\"></span>ts.<span class=\"_ _383\"> </span>Loans and the r<span class=\"_ _6\"></span>elated pro<span class=\"_ _6\"></span>vision are written o<span class=\"_ _6\"></span><span class=\"_ _383\">ff when there is a shortfall remaining after the underlying security is sold. Subsequent reco</span><span class=\"_ _6\"></span>veries of amounts pr<span class=\"_ _6\"></span><span class=\"_ _383\">eviously written off ar</span><span class=\"_ _6\"></span>e tak<span class=\"_ _8\"></span>en through pro\ufb01t or loss<span class=\"_ _6\"></span>.<span class=\"_ _383\"> </span>Loans and adv<span class=\"_ _6\"></span>ances to customer<span class=\"_ _6\"></span>s ov<span class=\"_ _6\"></span>er which the Group transf<span class=\"_ _6\"></span>ers its righ<span class=\"_ _6\"></span>ts to the collateral ther<span class=\"_ _6\"></span>eon to the BoE under the T<span class=\"_ _8\"></span>erm Funding Scheme with additional incentives f<span class=\"_ _6\"></span>or SMEs (<span class=\"_ _1\"></span>TFSME) are not derecognised fr<span class=\"_ _6\"></span>om the Consolidated Statemen<span class=\"_ _6\"></span>t of Financial Position, as the Group r<span class=\"_ _6\"></span>etains substan<span class=\"_ _6\"></span>tially all the risks and r<span class=\"_ _6\"></span>ew<span class=\"_ _6\"></span>ards o<span class=\"_ _6\"></span>f owner<span class=\"_ _6\"></span>ship, including all cash \ufb02o<span class=\"_ _6\"></span>ws arising from the loans and advances and e<span class=\"_ _6\"></span>xposure to cr<span class=\"_ _6\"></span>edit risk. The Group classi\ufb01es TFSME as amortised cost under IFRS 9 Financial Ins<span class=\"_ _6\"></span>truments<span class=\"_ _8\"></span>.<span class=\"_ _383\"> </span>Loans and adv<span class=\"_ _6\"></span>ances to customer<span class=\"_ _6\"></span>s include a small acquired mortgage portfolio where the contr<span class=\"_ _6\"></span>actual cash \ufb02ows include paymen<span class=\"_ _6\"></span>ts that are not SPPI and inter<span class=\"_ _6\"></span>est and as such are measur<span class=\"_ _6\"></span>ed at FV<span class=\"_ _1\"></span>TPL. Loans and adv<span class=\"_ _6\"></span>ances to customer<span class=\"_ _6\"></span>s contain the Group<span class=\"_ _8\"></span>\u2019<span class=\"_ _8\"></span>s asset \ufb01nance lease lending. Financ<span class=\"_ _1\"></span>e leases are initially measur<span class=\"_ _6\"></span>ed at an amount equal to the net inv<span class=\"_ _6\"></span>estment in the le<span class=\"_ _6\"></span>ase, using the int<span class=\"_ _6\"></span>erest r<span class=\"_ _6\"></span>ate implicit in the \ufb01nance lease. Dir<span class=\"_ _6\"></span>ect costs ar<span class=\"_ _6\"></span>e included in the initial measurement o<span class=\"_ _6\"></span>f the net inv<span class=\"_ _6\"></span>estment in the lease and r<span class=\"_ _6\"></span>educe the amount of income r<span class=\"_ _6\"></span>ecognised over the lease t<span class=\"_ _6\"></span>erm. Finance income is recognised over the le<span class=\"_ _6\"></span>ase term, based on a pattern re\ufb02ecting a cons<span class=\"_ _6\"></span>tant periodic r<span class=\"_ _6\"></span>ate of r<span class=\"_ _6\"></span>eturn on the net inv<span class=\"_ _6\"></span>estment in the lease<span class=\"_ _8\"></span>.<span class=\"_ _383\"> </span>",
   "dimensions": {
    "concept": "ifrs-full:DescriptionOfAccountingPolicyForFinancialInstrumentsExplanatory",
    "language": "en",
    "entity": "scheme:213800ZBKL9BHSL2K459",
    "period": "2022-01-01T00:00:00/2023-01-01T00:00:00"
   }
  },
  "fact-551": {
   "value": "<span class=\"_ _383\">iii.\u2002D</span><span class=\"_ _1\"></span>ere<span class=\"_ _1\"></span>co<span class=\"_ _1\"></span>gnit<span class=\"_ _1\"></span>ion<span class=\"_ _383\"> </span>The Group derecognises \ufb01nancial assets when the con<span class=\"_ _6\"></span>tractual righ<span class=\"_ _6\"></span>ts to the cash \ufb02ow<span class=\"_ _6\"></span>s expire or the Gr<span class=\"_ _6\"></span>oup transf<span class=\"_ _6\"></span>ers subst<span class=\"_ _6\"></span>antially all risk<span class=\"_ _6\"></span>s and re<span class=\"_ _6\"></span>war<span class=\"_ _6\"></span>ds of owner<span class=\"_ _6\"></span>ship of the \ufb01nancial asset. <span class=\"_ _383\">The Group off</span><span class=\"_ _6\"></span>ers re<span class=\"_ _6\"></span>\ufb01nancing options to customer<span class=\"_ _6\"></span>s which have been assessed within the principles of IFR<span class=\"_ _6\"></span>S 9 and rele<span class=\"_ _6\"></span>vant guidance. The assessment concludes the original mortgage asset is derecognised at the re\ufb01nancing poin<span class=\"_ _6\"></span>t with a new \ufb01nancial asset r<span class=\"_ _6\"></span>ecognised.<span class=\"_ _383\"> </span>The forbear<span class=\"_ _6\"></span><span class=\"_ _383\">ance measures offer</span><span class=\"_ _6\"></span>ed by the Group are consider<span class=\"_ _6\"></span>ed a modi\ufb01cation ev<span class=\"_ _8\"></span>ent as the contractual cash \ufb02o<span class=\"_ _6\"></span>ws are r<span class=\"_ _6\"></span>enegotiated or otherwise modi\ufb01ed. The Group considers the r<span class=\"_ _6\"></span>enegotiated or modi\ufb01ed cash \ufb02o<span class=\"_ _8\"></span>ws are not a substantial mo<span class=\"_ _6\"></span>di\ufb01cation from the contr<span class=\"_ _6\"></span>actual cash \ufb02ow<span class=\"_ _6\"></span>s and does not consider that forbearance measur<span class=\"_ _6\"></span>es give rise to a der<span class=\"_ _6\"></span>ecognition even<span class=\"_ _6\"></span>t. Financial liabilities are derecognised only when the obligation is dischar<span class=\"_ _6\"></span>ged, cancelled or has expir<span class=\"_ _6\"></span>ed.<span class=\"_ _383\"> </span>",
   "dimensions": {
    "concept": "ifrs-full:DescriptionOfAccountingPolicyForDerecognitionOfFinancialInstrumentsExplanatory",
    "language": "en",
    "entity": "scheme:213800ZBKL9BHSL2K459",
    "period": "2022-01-01T00:00:00/2023-01-01T00:00:00"
   }
  },
  "fact-604": {
   "value": "iv.\u2002Offsetting Financial assets and \ufb01nancial liabilities are offset and the net amount presented in the Consolidated Statement of Financial Position when, and only when, the Group currently has a legally enforceable right to offset the amounts and it intends either to settle them on a net basis or to realise the asset and settle the liability simultaneously. The Group\u2019s derivatives are covered by industry standard master netting agreements. Master netting agreements create a right of set-off that becomes enforceable only following a speci\ufb01ed event of default or in other circumstances not expected to arise in the normal course of business. These arrangements do not qualify for offsetting and as such the Group reports derivatives on a gross basis. Collateral in respect of derivatives is subject to the standard industry terms of International Swaps and Derivatives Association (ISDA) Credit Support Annex. This means that the cash received or given as collateral can be pledged or used during the term of the transaction but must be returned on maturity of the transaction. The terms also give each counterparty the right to terminate the related transactions upon the counterparty\u2019s failure to post collateral. Collateral paid or received does not qualify for offsetting and is recognised in loans and advances to credit institutions and amounts owed to credit institutions, respectively. ",
   "dimensions": {
    "concept": "ifrs-full:DescriptionOfAccountingPolicyForCollateralExplanatory",
    "language": "en",
    "entity": "scheme:213800ZBKL9BHSL2K459",
    "period": "2022-01-01T00:00:00/2023-01-01T00:00:00"
   }
  },
  "fact-552": {
   "value": "<span class=\"_ _383\">iv.\u2002Offse</span><span class=\"_ _1\"></span>tti<span class=\"_ _1\"></span>ng<span class=\"_ _383\"> </span>Financial assets and \ufb01nancial liabilities are o<span class=\"_ _6\"></span><span class=\"_ _383\">ffset and the net amount pr</span><span class=\"_ _6\"></span>esented in the Consolidated S<span class=\"_ _6\"></span>tatement o<span class=\"_ _6\"></span>f Financial Position when, and only when, the Group curren<span class=\"_ _6\"></span>tly has a legally enfor<span class=\"_ _6\"></span><span class=\"_ _383\">ceable right to off</span><span class=\"_ _6\"></span>set the amounts and it in<span class=\"_ _6\"></span>tends either to settle them on a net basis or to r<span class=\"_ _6\"></span>ealise the asset and settle the liability simultaneously. The Group<span class=\"_ _8\"></span>\u2019<span class=\"_ _6\"></span>s derivativ<span class=\"_ _6\"></span>es are cov<span class=\"_ _6\"></span>ered by indus<span class=\"_ _6\"></span>try standar<span class=\"_ _6\"></span>d master netting agr<span class=\"_ _6\"></span>eements<span class=\"_ _6\"></span>. Master netting agr<span class=\"_ _6\"></span>eements creat<span class=\"_ _6\"></span>e a right of set-o<span class=\"_ _6\"></span><span class=\"_ _383\">ff that </span>becomes enforceable only follo<span class=\"_ _8\"></span>wing a spe<span class=\"_ _1\"></span>ci\ufb01ed ev<span class=\"_ _6\"></span>ent of de<span class=\"_ _6\"></span>fault or in other circums<span class=\"_ _6\"></span>tances not expected to arise in the normal cour<span class=\"_ _6\"></span>se of business<span class=\"_ _6\"></span>. These arrangemen<span class=\"_ _6\"></span><span class=\"_ _383\">ts do not qualify for off</span><span class=\"_ _6\"></span>setting and as such the Group reports derivativ<span class=\"_ _6\"></span>es on a gross basis<span class=\"_ _6\"></span>.<span class=\"_ _383\"> </span>Collateral in r<span class=\"_ _6\"></span>espect of derivatives is subject t<span class=\"_ _6\"></span>o the standar<span class=\"_ _6\"></span>d industry terms of In<span class=\"_ _6\"></span>ternational Sw<span class=\"_ _6\"></span>aps and Derivatives Association (ISD<span class=\"_ _6\"></span>A) Credit Support Annex. This means that the cash r<span class=\"_ _6\"></span>eceived or given as collater<span class=\"_ _6\"></span>al can be pledged or used during the term o<span class=\"_ _6\"></span>f the transaction but mus<span class=\"_ _6\"></span>t be returned on maturity of the tr<span class=\"_ _8\"></span>ansaction. The terms also give each counterparty the right to terminate the r<span class=\"_ _6\"></span>elated tr<span class=\"_ _6\"></span>ansactions upon the counterparty\u2019<span class=\"_ _1f6\"></span>s failure to post collater<span class=\"_ _6\"></span>al. Collateral paid or receiv<span class=\"_ _6\"></span><span class=\"_ _383\">ed does not qualify for off</span><span class=\"_ _6\"></span>setting and is recognised in loans and advances to credit ins<span class=\"_ _6\"></span>titutions and amounts o<span class=\"_ _6\"></span>wed to cr<span class=\"_ _6\"></span>edit institutions<span class=\"_ _6\"></span>, respectiv<span class=\"_ _6\"></span>ely.<span class=\"_ _383\"> </span>",
   "dimensions": {
    "concept": "ifrs-full:DescriptionOfAccountingPolicyForOffsettingOfFinancialInstrumentsExplanatory",
    "language": "en",
    "entity": "scheme:213800ZBKL9BHSL2K459",
    "period": "2022-01-01T00:00:00/2023-01-01T00:00:00"
   }
  },
  "fact-553": {
   "value": "<span class=\"_ _383\">vi.\u2002Fa</span><span class=\"_ _1\"></span>ir valu<span class=\"_ _1\"></span>e me<span class=\"_ _1\"></span>asur<span class=\"_ _1\"></span>em<span class=\"_ _1\"></span>ent<span class=\"_ _383\"> </span>Fair value is the price that would be r<span class=\"_ _6\"></span>eceived to sell an asset or paid to tr<span class=\"_ _8\"></span>ansfer a liability in an orderly transaction be<span class=\"_ _6\"></span>tween mark<span class=\"_ _8\"></span>et par<span class=\"_ _1\"></span>ticipants at the measurement dat<span class=\"_ _6\"></span>e in the principal or<span class=\"_ _8\"></span>, in its absence, the most adv<span class=\"_ _6\"></span>antageous mark<span class=\"_ _8\"></span>et to which the Group has access at that date. When available, the Gr<span class=\"_ _6\"></span>oup measures the f<span class=\"_ _6\"></span>air value of an instrumen<span class=\"_ _6\"></span>t using the quoted price in an activ<span class=\"_ _6\"></span>e mark<span class=\"_ _6\"></span>et for that ins<span class=\"_ _6\"></span>trument. A mark<span class=\"_ _8\"></span>et is<span class=\"_ _1\"></span> regar<span class=\"_ _6\"></span>ded as active if tr<span class=\"_ _6\"></span>ansactions for the asset or liability tak<span class=\"_ _8\"></span><span class=\"_ _383\">e place with sufficient frequency and v</span><span class=\"_ _6\"></span>olume to pro<span class=\"_ _6\"></span>vide pricing information on an ongoing basis. The Gr<span class=\"_ _6\"></span>oup measures its in<span class=\"_ _6\"></span>ves<span class=\"_ _6\"></span>tment securities and Perpetual Subordinat<span class=\"_ _6\"></span>ed Bonds (PSBs) at fair value using quoted mark<span class=\"_ _8\"></span>et prices where available<span class=\"_ _6\"></span><span class=\"_ _383\">. \u2003</span>If there is no quoted price in an activ<span class=\"_ _6\"></span>e mark<span class=\"_ _8\"></span>et, then the Group uses valuation techniques that maximise the use of rele<span class=\"_ _6\"></span>vant observable inputs and minimise the use of unobservable inputs. The Group uses SONIA curves to value it<span class=\"_ _6\"></span>s derivatives<span class=\"_ _8\"></span>, previously a combination of LIBOR and SONIA curves<span class=\"_ _6\"></span>. The fair value of the Gr<span class=\"_ _6\"></span>oup<span class=\"_ _6\"></span>\u2019<span class=\"_ _8\"></span>s derivative \ufb01nancial instrument<span class=\"_ _6\"></span>s incorporates cre<span class=\"_ _6\"></span>dit valuation adjustmen<span class=\"_ _6\"></span>ts (C<span class=\"_ _8\"></span>V<span class=\"_ _6\"></span>A) and debit valuation adjustmen<span class=\"_ _6\"></span>ts (D<span class=\"_ _6\"></span>V<span class=\"_ _8\"></span>A). The DV<span class=\"_ _1f6\"></span>A and CV<span class=\"_ _1f6\"></span>A take in<span class=\"_ _6\"></span>to account the respective cr<span class=\"_ _6\"></span>edit ratings o<span class=\"_ _6\"></span>f the Group<span class=\"_ _8\"></span>\u2019<span class=\"_ _6\"></span>s two banking en<span class=\"_ _6\"></span>tities and counterparty and whether the derivative is collater<span class=\"_ _6\"></span>alised or not. Derivativ<span class=\"_ _6\"></span>es are valued using discoun<span class=\"_ _6\"></span>ted cash \ufb02ow models and observable mark<span class=\"_ _8\"></span>et data and are sensitiv<span class=\"_ _6\"></span>e to benchmark inter<span class=\"_ _6\"></span>est and basis rat<span class=\"_ _6\"></span>e curves. The fair value of in<span class=\"_ _6\"></span>ves<span class=\"_ _6\"></span>tment securities held at FVTPL is measured using a discounted cash \ufb02o<span class=\"_ _6\"></span>w model.<span class=\"_ _383\"> </span><span class=\"_ _383\">z)\u2002Share</span><span class=\"_ _1\"></span>-<span class=\"_ _1\"></span>bas<span class=\"_ _1\"></span>ed p<span class=\"_ _1\"></span>aym<span class=\"_ _1\"></span>ents<span class=\"_ _383\"> </span>Equity-settled share-based paymen<span class=\"_ _6\"></span>ts to employees pro<span class=\"_ _6\"></span>viding services are measured at the fair v<span class=\"_ _6\"></span>alue of the equity instrumen<span class=\"_ _6\"></span>ts at the gran<span class=\"_ _6\"></span>t date in accordance with IFRS 2. The fair v<span class=\"_ _6\"></span>alue excludes the e<span class=\"_ _6\"></span><span class=\"_ _383\">ffect of non-mark</span><span class=\"_ _8\"></span>et-based vesting conditions<span class=\"_ _6\"></span>.<span class=\"_ _383\"> </span>",
   "dimensions": {
    "concept": "ifrs-full:DescriptionOfAccountingPolicyForFairValueMeasurementExplanatory",
    "language": "en",
    "entity": "scheme:213800ZBKL9BHSL2K459",
    "period": "2022-01-01T00:00:00/2023-01-01T00:00:00"
   }
  },
  "fact-554": {
   "value": "<span class=\"_ _383\">vii.\u2002I</span><span class=\"_ _1\"></span>de<span class=\"_ _1\"></span>nti\ufb01c<span class=\"_ _1\"></span>ation a<span class=\"_ _1\"></span>nd m<span class=\"_ _1\"></span>eas<span class=\"_ _1\"></span>ure<span class=\"_ _1\"></span>me<span class=\"_ _1\"></span>nt of imp<span class=\"_ _1\"></span>air<span class=\"_ _1\"></span>men<span class=\"_ _1\"></span>t of \ufb01n<span class=\"_ _1\"></span>anci<span class=\"_ _1\"></span>al as<span class=\"_ _1\"></span>se<span class=\"_ _1\"></span>ts<span class=\"_ _383\"> </span>The Group assesses all \ufb01nancial assets f<span class=\"_ _6\"></span>or impairment. Loans a<span class=\"_ _1\"></span>nd adva<span class=\"_ _1\"></span>nc<span class=\"_ _1\"></span>es to cu<span class=\"_ _1\"></span>stom<span class=\"_ _1\"></span>ers<span class=\"_ _383\"> </span>The Group uses the IFRS 9 thr<span class=\"_ _6\"></span>ee-stage ECL appr<span class=\"_ _6\"></span>oach for measuring impairmen<span class=\"_ _6\"></span>t. The three impairment st<span class=\"_ _6\"></span>ages are as follo<span class=\"_ _6\"></span>ws:<span class=\"_ _383\"> </span>\u2022 <span class=\"_ _124\"> </span><span class=\"ff2 ws2\">Stage 1<span class=\"ff1\"> \u2013 a 12 month ECL allow<span class=\"_ _8\"></span>anc<span class=\"_ _1\"></span>e is recognised where ther<span class=\"_ _6\"></span>e is no signi\ufb01cant increase in cr<span class=\"_ _6\"></span>edit risk (SICR) since initial recognition.<span class=\"_ _383\"> </span></span></span>\u2022 <span class=\"_ _124\"> </span><span class=\"ff2 ws2\">Stage 2<span class=\"ff1\"> \u2013 a lifetime ECL allow<span class=\"_ _8\"></span>anc<span class=\"_ _1\"></span>e is recognised for assets wher<span class=\"_ _6\"></span>e a SICR is identi\ufb01ed since initial recognition. The assessment o<span class=\"_ _6\"></span>f whether </span></span>credit risk has incre<span class=\"_ _6\"></span>ased signi\ufb01cantly since initial recognition is performed for each r<span class=\"_ _6\"></span>eporting period for the life of the loan.<span class=\"_ _383\"> </span>\u2022 <span class=\"_ _124\"> </span><span class=\"ff2 ws2\">Stage 3<span class=\"ff1\"> \u2013 requires objective e<span class=\"_ _8\"></span>videnc<span class=\"_ _1\"></span>e that an asset is credit impair<span class=\"_ _6\"></span>ed, at which point a lifetime ECL<span class=\"_ _6\"></span> allow<span class=\"_ _6\"></span>ance is recognised.<span class=\"_ _383\"> </span></span></span>The Group measures impairmen<span class=\"_ _6\"></span>t through the use of individual and mo<span class=\"_ _6\"></span>delled assessments<span class=\"_ _6\"></span>. Individual assessment<span class=\"_ _383\"> </span>The Group<span class=\"_ _8\"></span>\u2019<span class=\"_ _6\"></span>s pro<span class=\"_ _6\"></span>visioning process requir<span class=\"_ _6\"></span>es individual assessment for high exposur<span class=\"_ _6\"></span>e or higher risk loans<span class=\"_ _6\"></span>, where La<span class=\"_ _6\"></span>w of Property Act (LP<span class=\"_ _8\"></span>A) receivers have been appoint<span class=\"_ _6\"></span>ed, the property is tak<span class=\"_ _6\"></span>en into possession or ther<span class=\"_ _6\"></span>e are other e<span class=\"_ _6\"></span>vent<span class=\"_ _6\"></span>s that suggest a high probability o<span class=\"_ _6\"></span>f credit loss<span class=\"_ _6\"></span>. Loans ar<span class=\"_ _6\"></span>e considered at a connection lev<span class=\"_ _6\"></span>el, i.e<span class=\"_ _6\"></span>. including all loans connected to the cust<span class=\"_ _6\"></span>omer<span class=\"_ _8\"></span>. The Group estimat<span class=\"_ _6\"></span>es cash \ufb02ows fr<span class=\"_ _6\"></span>om these loans, including e<span class=\"_ _6\"></span>xpected inter<span class=\"_ _6\"></span>est and principal paymen<span class=\"_ _6\"></span>ts, r<span class=\"_ _6\"></span>ental or sale pr<span class=\"_ _6\"></span>oceeds, selling and other costs<span class=\"_ _6\"></span>. The Group obtains up-to-dat<span class=\"_ _6\"></span>e independent valuations for pr<span class=\"_ _6\"></span>operties put up for sale. For all individually assessed loans with a con\ufb01rmed sale, should the pr<span class=\"_ _6\"></span>esent value o<span class=\"_ _6\"></span>f estimated futur<span class=\"_ _6\"></span>e cash \ufb02ows discoun<span class=\"_ _6\"></span>ted at the original EIR be less than the carrying value of the loan, a pr<span class=\"_ _6\"></span>ovision is r<span class=\"_ _6\"></span><span class=\"_ _383\">ecognised for the difference with such loans being classi\ufb01ed as impair</span><span class=\"_ _6\"></span>ed. How<span class=\"_ _6\"></span>ev<span class=\"_ _6\"></span>er<span class=\"_ _8\"></span>, should the present v<span class=\"_ _6\"></span>alue of the estimate<span class=\"_ _6\"></span>d future cash \ufb02o<span class=\"_ _6\"></span>ws exceed the carrying v<span class=\"_ _6\"></span>alue, no pro<span class=\"_ _8\"></span>vision is recognised. For all remaining individually assessed loans, should a full loss be e<span class=\"_ _6\"></span>xpected, the pro<span class=\"_ _6\"></span>vision is set to the carrying value<span class=\"_ _6\"></span>, with all other individually assessed loans applying the gre<span class=\"_ _6\"></span>ater of either the modelled or individual assessment.<span class=\"_ _383\"> </span>The Group applies a modelled assessmen<span class=\"_ _6\"></span>t to all loans with no individually assessed pro<span class=\"_ _6\"></span>vision.<span class=\"_ _383\"> </span>IFR<span class=\"_ _1\"></span>S 9 mod<span class=\"_ _1\"></span>el<span class=\"_ _1\"></span>le<span class=\"_ _1\"></span>d imp<span class=\"_ _1\"></span>ai<span class=\"_ _1\"></span>rment<span class=\"_ _383\"> </span>Measurement of<span class=\"_ _6\"></span> ECL<span class=\"_ _383\"> </span>The assessment of cr<span class=\"_ _6\"></span>edit risk and the estimation of ECL<span class=\"_ _6\"></span> are unbiased and pr<span class=\"_ _6\"></span>obability weight<span class=\"_ _6\"></span>ed. The ECL calculation is a produc<span class=\"_ _6\"></span>t of an individual loan<span class=\"_ _8\"></span>\u2019<span class=\"_ _6\"></span>s probability of def<span class=\"_ _6\"></span>ault (PD), exposur<span class=\"_ _6\"></span>e at default (EAD<span class=\"_ _6\"></span>) and loss given def<span class=\"_ _6\"></span>ault (L<span class=\"_ _8\"></span>GD) discounted at the EIR. The ECL<span class=\"_ _6\"></span> drivers o<span class=\"_ _6\"></span>f PD<span class=\"_ _8\"></span>, EAD and<span class=\"_ _1\"></span> L<span class=\"_ _8\"></span>GD are modelled at an account lev<span class=\"_ _6\"></span>el. The assessment of whether a SICR has occurred is based on quan<span class=\"_ _6\"></span>titative r<span class=\"_ _6\"></span>elative PD thr<span class=\"_ _6\"></span>esholds and a suite of qualitativ<span class=\"_ _6\"></span>e triggers<span class=\"_ _6\"></span>.<span class=\"_ _383\"> </span>In accordance with PRA CO<span class=\"_ _6\"></span>VID-19 guidance<span class=\"_ _6\"></span>, the Group did not automatically consider the tak<span class=\"_ _8\"></span>e-up of customer paymen<span class=\"_ _6\"></span>t deferr<span class=\"_ _6\"></span>als during the pandemic to be an indication of a SICR and, in the absence of other indicat<span class=\"_ _6\"></span>ors such as pre<span class=\"_ _6\"></span>vious arrear<span class=\"_ _6\"></span>s, lo<span class=\"_ _6\"></span>w credit score or high o<span class=\"_ _6\"></span>ther indebtedness<span class=\"_ _6\"></span>, the staging of these lo<span class=\"_ _6\"></span>ans remains unchanged in its ECL c<span class=\"_ _6\"></span>alculations.<span class=\"_ _383\"> </span>Sign<span class=\"_ _1\"></span>i\ufb01c<span class=\"_ _1\"></span>ant inc<span class=\"_ _1\"></span>re<span class=\"_ _1\"></span>as<span class=\"_ _1\"></span>e in cre<span class=\"_ _1\"></span>dit r<span class=\"_ _1\"></span>isk (movem<span class=\"_ _1\"></span>ent to s<span class=\"_ _1\"></span>tag<span class=\"_ _1\"></span>e 2)<span class=\"_ _383\"> </span>The Group<span class=\"_ _8\"></span>\u2019<span class=\"_ _6\"></span>s transf<span class=\"_ _6\"></span>er criteria determine what constitutes a SICR<span class=\"_ _6\"></span>, which results in an e<span class=\"_ _6\"></span>xposure being mo<span class=\"_ _6\"></span>ved fr<span class=\"_ _6\"></span>om stage 1 to s<span class=\"_ _6\"></span>tage 2.<span class=\"_ _383\"> </span>At the point o<span class=\"_ _6\"></span>f initial recognition, a loan is assigned a PD estimat<span class=\"_ _6\"></span>e. For each month<span class=\"_ _6\"></span>ly reporting date thereafter<span class=\"_ _8\"></span>, an updated PD estimate is computed. The Group<span class=\"_ _8\"></span>\u2019<span class=\"_ _6\"></span>s transf<span class=\"_ _6\"></span>er criteria analyses relativ<span class=\"_ _6\"></span>e changes in PD ver<span class=\"_ _6\"></span>sus the PD assigned at the point of origination, toge<span class=\"_ _6\"></span>ther with qualitative trigger<span class=\"_ _6\"></span>s using both internal indicat<span class=\"_ _6\"></span>ors, such as f<span class=\"_ _6\"></span>orbearance<span class=\"_ _6\"></span>, and external inf<span class=\"_ _6\"></span>ormation, such as changes in income and adverse cr<span class=\"_ _6\"></span>edit information to assess f<span class=\"_ _6\"></span>or SICR. In the ev<span class=\"_ _8\"></span>ent that given early warning trigger<span class=\"_ _6\"></span>s have not alr<span class=\"_ _6\"></span>eady identi\ufb01ed SICR<span class=\"_ _6\"></span>, an account more than 30 days pas<span class=\"_ _6\"></span>t due is considered to hav<span class=\"_ _6\"></span>e experienced a SICR.<span class=\"_ _383\"> </span>A borro<span class=\"_ _6\"></span>wer will mo<span class=\"_ _6\"></span>ve back int<span class=\"_ _6\"></span>o stage 1 only if the SICR de\ufb01nition is no longer trigger<span class=\"_ _6\"></span>ed.<span class=\"_ _383\"> </span>De\ufb01<span class=\"_ _1\"></span>nitio<span class=\"_ _1\"></span>n of def<span class=\"_ _1\"></span>ault (movem<span class=\"_ _1\"></span>ent to s<span class=\"_ _1\"></span>tag<span class=\"_ _1\"></span>e 3)<span class=\"_ _383\"> </span>The Group uses a number of quan<span class=\"_ _6\"></span>titative and qualitativ<span class=\"_ _8\"></span>e criteria to determine whether an account meets the de\ufb01nition of def<span class=\"_ _6\"></span>ault and theref<span class=\"_ _6\"></span>ore mov<span class=\"_ _6\"></span>es to stage 3<span class=\"_ _6\"></span>. The criteria curren<span class=\"_ _6\"></span>tly include:<span class=\"_ _383\"> </span>\u2022 <span class=\"_ _124\"> </span><span class=\"ws2\">If an acc<span class=\"_ _1\"></span>ount is more than 90 days pas<span class=\"_ _6\"></span>t due. </span>\u2022 <span class=\"_ _124\"> </span><span class=\"ws2\">Accounts that have mov<span class=\"_ _6\"></span>ed into an un<span class=\"_ _6\"></span>lik<span class=\"_ _6\"></span>ely to pay position, which includes forbear<span class=\"_ _6\"></span>ance, bankruptcy, r<span class=\"_ _6\"></span>epossession and interes<span class=\"_ _6\"></span>t-only term </span>expiry.<span class=\"_ _383\"> </span>A borro<span class=\"_ _6\"></span>wer will mo<span class=\"_ _6\"></span>ve out of s<span class=\"_ _6\"></span>tage 3 when its cre<span class=\"_ _6\"></span>dit risk improv<span class=\"_ _6\"></span>es such that it no longer meets the 90 days past due and unlik<span class=\"_ _8\"></span>ely to pay criteria and following this has complet<span class=\"_ _6\"></span>ed an internally appr<span class=\"_ _6\"></span>ove<span class=\"_ _6\"></span>d probation period. The borro<span class=\"_ _6\"></span>wer will mo<span class=\"_ _8\"></span>ve to stage 1 or s<span class=\"_ _6\"></span>tage 2 dependent on whether the SICR applies.<span class=\"_ _383\"> </span>Forward-looking<span class=\"_ _6\"></span> macroeconomic scenarios<span class=\"_ _383\"> </span>The risk of default and ECL<span class=\"_ _6\"></span> loss assessments tak<span class=\"_ _8\"></span>e into consideration e<span class=\"_ _6\"></span>xpectations of economic changes that are deemed to be r<span class=\"_ _6\"></span>easonably possible.<span class=\"_ _383\"> </span>The Group conducts analysis to det<span class=\"_ _6\"></span>ermine the most signi\ufb01cant f<span class=\"_ _6\"></span>actors which may in\ufb02uence the lik<span class=\"_ _8\"></span>elihood of an exposure de<span class=\"_ _6\"></span>faulting in the future<span class=\"_ _6\"></span>. The macroeconomic factors r<span class=\"_ _6\"></span>elate to the HPI, unemployment r<span class=\"_ _8\"></span>ate (UR), Consumer Pric<span class=\"_ _1\"></span>e Index (CPI), Gr<span class=\"_ _6\"></span>oss domestic pro<span class=\"_ _6\"></span>duct (GDP), Commercial Real Es<span class=\"_ _6\"></span>tate Index (<span class=\"_ _6\"></span>CRE) and the Bank of England Base Rate (BBR).<span class=\"_ _383\"> </span>The Group has de<span class=\"_ _6\"></span>veloped an appro<span class=\"_ _6\"></span>ach for factoring pr<span class=\"_ _6\"></span>obability-weigh<span class=\"_ _6\"></span>ted macroeconomic forecas<span class=\"_ _6\"></span>ts into ECL<span class=\"_ _6\"></span> calculations, adjus<span class=\"_ _6\"></span>ting PD and L<span class=\"_ _8\"></span>GD estimates<span class=\"_ _6\"></span>. The macroeconomic scenarios feed directly int<span class=\"_ _6\"></span>o the ECL calculation, as the adjust<span class=\"_ _6\"></span>ed PD<span class=\"_ _8\"></span>, lifetime PD and L<span class=\"_ _6\"></span>GD estimates ar<span class=\"_ _6\"></span>e used within the individual account ECL allo<span class=\"_ _6\"></span>wance calculations<span class=\"_ _6\"></span>.<span class=\"_ _383\"> </span>The Group sources economic for<span class=\"_ _6\"></span>ecast information fr<span class=\"_ _6\"></span>om an appropriately quali\ufb01ed thir<span class=\"_ _6\"></span>d party when determining scenarios. The Group consider<span class=\"_ _6\"></span>s four probability-<span class=\"_ _6\"></span>weight<span class=\"_ _6\"></span>ed scenarios, base<span class=\"_ _6\"></span>, upside, do<span class=\"_ _6\"></span>wnside and sev<span class=\"_ _6\"></span>ere downside scenarios<span class=\"_ _8\"></span>.<span class=\"_ _1\"></span> The base case is also utilised within the Group<span class=\"_ _8\"></span>\u2019<span class=\"_ _8\"></span>s impairment forecasting pr<span class=\"_ _6\"></span>ocess which in turn feeds the wider business planning processes. The ECL models are also use<span class=\"_ _6\"></span>d to set the Group<span class=\"_ _8\"></span>\u2019<span class=\"_ _8\"></span>s credit risk appetite thresholds and limits<span class=\"_ _6\"></span>.<span class=\"_ _383\"> </span>Peri<span class=\"_ _1\"></span>od ove<span class=\"_ _1\"></span>r wh<span class=\"_ _1\"></span>ich EC<span class=\"_ _1\"></span>L is me<span class=\"_ _1\"></span>as<span class=\"_ _1\"></span>ure<span class=\"_ _1\"></span>d ECL is measure<span class=\"_ _6\"></span>d from the initial recognition of the asset which is the dat<span class=\"_ _6\"></span>e at which the loan is originated or the date a loan is purchase<span class=\"_ _6\"></span>d and at each balance sheet date thereafter<span class=\"_ _8\"></span>. The maximum period considered when measuring ECL (<span class=\"_ _8\"></span>either 12 months or lifetime ECL) is the maximum contractual perio<span class=\"_ _6\"></span>d ov<span class=\"_ _6\"></span>er which the Group is exposed t<span class=\"_ _6\"></span>o the credit risk of the asset. For modelling purposes<span class=\"_ _8\"></span>, the Group considers the contractual maturity of the loan produc<span class=\"_ _6\"></span>t and then considers the behavioural tr<span class=\"_ _6\"></span>ends of the asset.<span class=\"_ _383\"> </span>Purchased or ori<span class=\"_ _6\"></span>ginated credi<span class=\"_ _6\"></span>t impaired (POCI)<span class=\"_ _383\"> </span>Acquired loans that meet the Gr<span class=\"_ _6\"></span>oup<span class=\"_ _8\"></span>\u2019<span class=\"_ _6\"></span>s de\ufb01nition of def<span class=\"_ _6\"></span>ault (90 days past due or an unlik<span class=\"_ _8\"></span>ely to pay position) at acquisition are treat<span class=\"_ _6\"></span>ed as POCI assets<span class=\"_ _6\"></span>. These assets attract a lif<span class=\"_ _6\"></span>etime ECL allo<span class=\"_ _6\"></span>wance o<span class=\"_ _6\"></span>ver the full term of the lo<span class=\"_ _6\"></span>an, even when these lo<span class=\"_ _6\"></span>ans no longer meet the de\ufb01nition of def<span class=\"_ _6\"></span>ault post acquisition. The Gr<span class=\"_ _6\"></span>oup does not originate credit-impaire<span class=\"_ _6\"></span>d loans.<span class=\"_ _383\"> </span>Intercomp<span class=\"_ _1\"></span>any loans<span class=\"_ _383\"> </span>Inter<span class=\"_ _6\"></span>company receivables in the Company \ufb01nancial statemen<span class=\"_ _6\"></span>ts are assessed for ECL<span class=\"_ _6\"></span> based on an assessment of the PD and L<span class=\"_ _1f6\"></span>GD, discoun<span class=\"_ _6\"></span>ted to a net present v<span class=\"_ _6\"></span>alue. Other \ufb01nan<span class=\"_ _1\"></span>cial ass<span class=\"_ _1\"></span>ets<span class=\"_ _383\"> </span>Other \ufb01nancial assets comprise cash balances with the Bank of England (BoE) and other credit ins<span class=\"_ _6\"></span>titutions and high grade in<span class=\"_ _6\"></span>ves<span class=\"_ _6\"></span>tment securities. The Group deems the lik<span class=\"_ _8\"></span>elihood of default across these counterparties as lo<span class=\"_ _6\"></span>w and does not recognise a provision agains<span class=\"_ _6\"></span>t the carrying balances.<span class=\"_ _383\"> </span>Share repurcha<span class=\"_ _6\"></span>se Upon Board authorisation of a shar<span class=\"_ _6\"></span>e repurchase pr<span class=\"_ _6\"></span>ogramme and signing an irr<span class=\"_ _6\"></span>ev<span class=\"_ _6\"></span>ocable agreement, a shar<span class=\"_ _6\"></span>e repurchase liability is r<span class=\"_ _6\"></span>ecognised in <span class=\"_ _383\">other liabilities with the offset in r</span><span class=\"_ _6\"></span>etained earnings<span class=\"_ _6\"></span>. Each share r<span class=\"_ _6\"></span>epurchase re<span class=\"_ _6\"></span>duces the provision. Upon shar<span class=\"_ _6\"></span>e cancellation, share capital is debited with a credit to the capit<span class=\"_ _6\"></span>al redemption reserve equal t<span class=\"_ _6\"></span>o \u00a30<span class=\"_ _6\"></span>.01 f<span class=\"_ _6\"></span>or each share cancelled.<span class=\"_ _383\"> </span>",
   "dimensions": {
    "concept": "ifrs-full:DescriptionOfAccountingPolicyForImpairmentOfFinancialAssetsExplanatory",
    "language": "en",
    "entity": "scheme:213800ZBKL9BHSL2K459",
    "period": "2022-01-01T00:00:00/2023-01-01T00:00:00"
   }
  },
  "fact-605": {
   "value": "q)\u2002Loans and advances to customers Loans and advances to customers are predominantly mortgage loans and advances to customers with \ufb01xed or determinable payments that are not quoted in an active market and that the Group does not intend to sell in the near term. They are initially recorded at fair value plus any directly attributable transaction costs and are subsequently measured at amortised cost using the EIR method, less impairment losses. Where exposures are hedged by derivatives, designated and qualifying as fair value hedges, the fair value adjustment for the hedged risk to the carrying value of the hedged loans and advances is reported in fair value adjustments for hedged assets. Loans and the related provision are written off when there is a shortfall remaining after the underlying security is sold. Subsequent recoveries of amounts previously written off are taken through pro\ufb01t or loss. Loans and advances to customers over which the Group transfers its rights to the collateral thereon to the BoE under the Term Funding Scheme with additional incentives for SMEs (TFSME) are not derecognised from the Consolidated Statement of Financial Position, as the Group retains substantially all the risks and rewards of ownership, including all cash \ufb02ows arising from the loans and advances and exposure to credit risk. The Group classi\ufb01es TFSME as amortised cost under IFRS 9 Financial Instruments. Loans and advances to customers include a small acquired mortgage portfolio where the contractual cash \ufb02ows include payments that are not SPPI and interest and as such are measured at FVTPL. Loans and advances to customers contain the Group\u2019s asset \ufb01nance lease lending. Finance leases are initially measured at an amount equal to the net investment in the lease, using the interest rate implicit in the \ufb01nance lease. Direct costs are included in the initial measurement of the net investment in the lease and reduce the amount of income recognised over the lease term. Finance income is recognised over the lease term, based on a pattern re\ufb02ecting a constant periodic rate of return on the net investment in the lease. ",
   "dimensions": {
    "concept": "ifrs-full:DescriptionOfAccountingPolicyForLoansAndReceivablesExplanatory",
    "language": "en",
    "entity": "scheme:213800ZBKL9BHSL2K459",
    "period": "2022-01-01T00:00:00/2023-01-01T00:00:00"
   }
  },
  "fact-497": {
   "value": "<span class=\"_ _383\">r)\u2002Investme</span><span class=\"_ _1\"></span>nt se<span class=\"_ _1\"></span>curitie<span class=\"_ _1\"></span>s<span class=\"_ _383\"> </span>Inv<span class=\"_ _6\"></span>estment securities include securities held for liquidity purposes (UK tr<span class=\"_ _6\"></span>easury bills, UK Gilts and R<span class=\"_ _6\"></span>esidential Mortgage-Back<span class=\"_ _8\"></span>ed Se<span class=\"_ _1\"></span>curities (RMBS)). These assets are non-deriv<span class=\"_ _6\"></span>atives that are designat<span class=\"_ _6\"></span>ed on an individual basis as amortised cost, FVOCI or FVTPL.<span class=\"_ _383\"> </span>Assets classi\ufb01ed as amortised cost are initially r<span class=\"_ _6\"></span>ecognised at fair value and subsequently measur<span class=\"_ _6\"></span>ed at amortised cost using the EIR method, less impairment losses<span class=\"_ _6\"></span>. Assets held at FV<span class=\"_ _6\"></span>OCI are measure<span class=\"_ _6\"></span>d at fair value with mo<span class=\"_ _6\"></span>vement<span class=\"_ _6\"></span>s tak<span class=\"_ _6\"></span>en to OCI and accumulated in the FV<span class=\"_ _6\"></span>OCI reserve within equity, e<span class=\"_ _6\"></span>xcept for impairment losses which are t<span class=\"_ _6\"></span>ak<span class=\"_ _6\"></span>en to pro<span class=\"_ _6\"></span>\ufb01t or loss. Where the ins<span class=\"_ _6\"></span>trument is sold, the gain or loss accumulated in equity is r<span class=\"_ _6\"></span>eclassi\ufb01ed to pro\ufb01t or loss.<span class=\"_ _383\"> </span>Assets held at FVTPL are measured at fair v<span class=\"_ _6\"></span>alue with mov<span class=\"_ _6\"></span>ements tak<span class=\"_ _8\"></span>en to the Consolidated Statemen<span class=\"_ _6\"></span>t of Comprehensive Income<span class=\"_ _6\"></span>.<span class=\"_ _383\"> </span>",
   "dimensions": {
    "concept": "ifrs-full:DescriptionOfAccountingPolicyForInvestmentsOtherThanInvestmentsAccountedForUsingEquityMethodExplanatory",
    "language": "en",
    "entity": "scheme:213800ZBKL9BHSL2K459",
    "period": "2022-01-01T00:00:00/2023-01-01T00:00:00"
   }
  },
  "fact-499": {
   "value": "<span class=\"_ _383\">s)\u2002Depos</span><span class=\"_ _1\"></span>its, d<span class=\"_ _1\"></span>ebt s<span class=\"_ _1\"></span>ec<span class=\"_ _1\"></span>uritie<span class=\"_ _1\"></span>s in iss<span class=\"_ _1\"></span>ue and s<span class=\"_ _1\"></span>ubo<span class=\"_ _1\"></span>rdinat<span class=\"_ _1\"></span>ed li<span class=\"_ _1\"></span>abiliti<span class=\"_ _1\"></span>es<span class=\"_ _383\"> </span>Deposits, debt securities in issue and subor<span class=\"_ _6\"></span>dinated liabilities are the Gr<span class=\"_ _6\"></span>oup<span class=\"_ _6\"></span>\u2019<span class=\"_ _8\"></span>s sources of debt funding. They comprise deposits from r<span class=\"_ _6\"></span>etail customer<span class=\"_ _6\"></span>s and credit institutions<span class=\"_ _8\"></span>, including c<span class=\"_ _1\"></span>ollateralised lo<span class=\"_ _6\"></span>an advances from the BoE under the TFSME, asset-back<span class=\"_ _8\"></span>ed loan notes issued through the Group<span class=\"_ _8\"></span>\u2019<span class=\"_ _6\"></span>s securitisation progr<span class=\"_ _6\"></span>ammes and subordinated liabilities<span class=\"_ _8\"></span>. Subordinated liabilities include the Sterling PSBs where the t<span class=\"_ _6\"></span>erms allow no absolute discretion o<span class=\"_ _6\"></span>ver the paymen<span class=\"_ _6\"></span>t of inter<span class=\"_ _6\"></span>est. These \ufb01nancial liabilities are initially me<span class=\"_ _6\"></span>asured at fair v<span class=\"_ _6\"></span>alue less direct transaction cos<span class=\"_ _6\"></span>ts, and subsequently held at amortised cost using the EIR method.<span class=\"_ _383\"> </span>Cash received under the TF<span class=\"_ _6\"></span>SME is recorded in amoun<span class=\"_ _6\"></span>ts ow<span class=\"_ _6\"></span>ed to cre<span class=\"_ _6\"></span>dit institutions<span class=\"_ _6\"></span>. Interes<span class=\"_ _6\"></span>t is accrued ov<span class=\"_ _6\"></span>er the life of the agr<span class=\"_ _6\"></span>eements on an EIR basis<span class=\"_ _383\"> </span>. ",
   "dimensions": {
    "concept": "osbgroupplc:DescriptionOfAccountingPolicyForDepositsDebtSecuritiesInIssueAndSubordinatedLiabilities",
    "language": "en",
    "entity": "scheme:213800ZBKL9BHSL2K459",
    "period": "2022-01-01T00:00:00/2023-01-01T00:00:00"
   }
  },
  "fact-498": {
   "value": "<span class=\"_ _383\">t)\u2002Sale an</span><span class=\"_ _1\"></span>d rep<span class=\"_ _1\"></span>urc<span class=\"_ _1\"></span>has<span class=\"_ _1\"></span>e agre<span class=\"_ _1\"></span>em<span class=\"_ _1\"></span>ent<span class=\"_ _1\"></span>s<span class=\"_ _383\"> </span>Financial assets sold subject to repur<span class=\"_ _6\"></span>chase agreements (r<span class=\"_ _6\"></span>epo) ar<span class=\"_ _6\"></span>e retained in the \ufb01nancial s<span class=\"_ _6\"></span>tatement<span class=\"_ _6\"></span>s if they fail derecognition criteria of IFR<span class=\"_ _6\"></span>S 9 described in paragr<span class=\"_ _6\"></span>aph p (iii) abov<span class=\"_ _6\"></span>e. The \ufb01nancial asset<span class=\"_ _6\"></span>s that are ret<span class=\"_ _6\"></span>ained in the \ufb01nancial statemen<span class=\"_ _6\"></span>ts are r<span class=\"_ _6\"></span>e\ufb02ected as loans and advances to customer<span class=\"_ _6\"></span>s or inv<span class=\"_ _6\"></span>estment securities and the counterparty liability is included in amount<span class=\"_ _6\"></span>s ow<span class=\"_ _6\"></span>ed to credit ins<span class=\"_ _6\"></span>titutions or other customer<span class=\"_ _6\"></span>s. Financial assets purchased under agr<span class=\"_ _6\"></span>eements to r<span class=\"_ _6\"></span>esell at a predetermined price wher<span class=\"_ _6\"></span>e the transaction is \ufb01nancing in natur<span class=\"_ _6\"></span>e (rev<span class=\"_ _6\"></span>erse r<span class=\"_ _6\"></span>epo) ar<span class=\"_ _6\"></span>e accounted for as loans and advances to cr<span class=\"_ _6\"></span>edit institutions<span class=\"_ _6\"></span><span class=\"_ _383\">. The difference betw</span><span class=\"_ _6\"></span>een the sale and repurchase price is tr<span class=\"_ _6\"></span>eated as inter<span class=\"_ _6\"></span>est and accrued o<span class=\"_ _6\"></span>ver the life of the agr<span class=\"_ _6\"></span>eement using the EIR method.<span class=\"_ _383\"> </span>",
   "dimensions": {
    "concept": "ifrs-full:DescriptionOfAccountingPolicyForRepurchaseAndReverseRepurchaseAgreementsExplanatory",
    "language": "en",
    "entity": "scheme:213800ZBKL9BHSL2K459",
    "period": "2022-01-01T00:00:00/2023-01-01T00:00:00"
   }
  },
  "fact-555": {
   "value": "<span class=\"_ _383\">u)\u2002Derivative \ufb01n</span><span class=\"_ _1\"></span>anci<span class=\"_ _1\"></span>al ins<span class=\"_ _1\"></span>trum<span class=\"_ _1\"></span>ents The Group uses derivativ<span class=\"_ _6\"></span>e \ufb01nancial instrumen<span class=\"_ _6\"></span>ts (inter<span class=\"_ _6\"></span>est rat<span class=\"_ _6\"></span>e swaps) t<span class=\"_ _6\"></span>o manage its exposur<span class=\"_ _6\"></span>e to inter<span class=\"_ _6\"></span>est rat<span class=\"_ _6\"></span>e risk. In accordance with the Group Mark<span class=\"_ _6\"></span>et and Liquidity Risk Policy, the Group does not hold or issue deriv<span class=\"_ _6\"></span>ative \ufb01nancial instrumen<span class=\"_ _6\"></span>ts for pr<span class=\"_ _6\"></span>oprietary trading.<span class=\"_ _383\"> </span>Derivative \ufb01nancial ins<span class=\"_ _6\"></span>truments ar<span class=\"_ _6\"></span>e recognised at their fair value with changes in their fair v<span class=\"_ _6\"></span>alue tak<span class=\"_ _8\"></span>en to pro\ufb01t or loss. F<span class=\"_ _6\"></span>air values are calculated by discounting cash \ufb02ow<span class=\"_ _6\"></span>s at the pre<span class=\"_ _6\"></span>vailing inter<span class=\"_ _6\"></span>est r<span class=\"_ _6\"></span>ates. All deriv<span class=\"_ _6\"></span>atives are classi\ufb01ed as asse<span class=\"_ _6\"></span>ts when their fair value is positiv<span class=\"_ _6\"></span>e and as liabilities when their fair value is negativ<span class=\"_ _6\"></span>e. If a deriv<span class=\"_ _6\"></span>ative is cancelled, it is derecognised fr<span class=\"_ _6\"></span>om the Consolidated Statemen<span class=\"_ _6\"></span>t of Financial Position.<span class=\"_ _383\"> </span>The Group also uses derivativ<span class=\"_ _6\"></span>es to hedge the int<span class=\"_ _6\"></span>erest r<span class=\"_ _6\"></span>ate risk inheren<span class=\"_ _6\"></span>t in irrev<span class=\"_ _8\"></span>o<span class=\"_ _1\"></span><span class=\"_ _383\">cable offer</span><span class=\"_ _6\"></span>s to lend. This exposes the Group t<span class=\"_ _6\"></span>o mov<span class=\"_ _6\"></span>ements in the fair value of deriv<span class=\"_ _6\"></span>atives un<span class=\"_ _6\"></span>til the loan is drawn. The changes to f<span class=\"_ _6\"></span>air value are r<span class=\"_ _6\"></span>ecognised in pro\ufb01t or loss in the period. <span class=\"_ _383\">v)\u2002Hedg</span><span class=\"_ _1\"></span>e ac<span class=\"_ _1\"></span>count<span class=\"_ _1\"></span>ing<span class=\"_ _383\"> </span>The Group has chosen to continue t<span class=\"_ _6\"></span>o apply the hedge accounting requiremen<span class=\"_ _6\"></span>ts of IA<span class=\"_ _6\"></span>S 39 instead of the r<span class=\"_ _6\"></span>equiremen<span class=\"_ _6\"></span>ts in Chapter 6 of IFR<span class=\"_ _6\"></span>S 9<span class=\"_ _1f6\"></span>. The Group uses fair v<span class=\"_ _6\"></span>alue hedge accounting for a portfolio hedge of int<span class=\"_ _6\"></span>erest r<span class=\"_ _6\"></span>ate risk. Portfolio hedge accounting allows f<span class=\"_ _6\"></span><span class=\"_ _383\">or hedge effectiv</span><span class=\"_ _6\"></span>eness testing and accounting o<span class=\"_ _6\"></span>ver an en<span class=\"_ _6\"></span>tire portfolio of \ufb01nancial assets or liabilities<span class=\"_ _6\"></span>. T<span class=\"_ _8\"></span>o qualify for hedge accounting at inception, hedge relationships ar<span class=\"_ _6\"></span>e clearly documented and deriv<span class=\"_ _6\"></span>atives must be e<span class=\"_ _6\"></span>xpected to be highly e<span class=\"_ _6\"></span><span class=\"_ _383\">ffective </span><span class=\"_ _383\">in offsetting the hedge</span><span class=\"_ _6\"></span>d risks<span class=\"_ _8\"></span><span class=\"_ _383\">. In addition, effectiveness must be t</span><span class=\"_ _6\"></span>ested thr<span class=\"_ _6\"></span>oughout the life of the hedge relationship<span class=\"_ _6\"></span>. This applies to all derivativ<span class=\"_ _6\"></span>es including SONIA<span class=\"_ _6\"></span>-link<span class=\"_ _6\"></span>ed derivativ<span class=\"_ _6\"></span>es entered in<span class=\"_ _6\"></span>to to replace LIBOR-link<span class=\"_ _8\"></span>ed derivatives<span class=\"_ _8\"></span>, as a result of IBOR ref<span class=\"_ _6\"></span>orms during 2021.<span class=\"_ _383\"> </span>The Group applies fair v<span class=\"_ _6\"></span>alue portfolio hedge accounting to its \ufb01xed r<span class=\"_ _6\"></span>ate portfolio of mortgages and saving accounts. The hedge<span class=\"_ _6\"></span>d portfolio is analysed into r<span class=\"_ _6\"></span>epricing time periods based on expected r<span class=\"_ _6\"></span>epricing dates, utilising the Gr<span class=\"_ _6\"></span>oup Assets and Liabilities Committee (AL<span class=\"_ _8\"></span>CO) approv<span class=\"_ _8\"></span>ed<span class=\"_ _1\"></span> prepayment curve<span class=\"_ _6\"></span>. Inter<span class=\"_ _6\"></span>est r<span class=\"_ _6\"></span>ate sw<span class=\"_ _6\"></span>aps are designated agains<span class=\"_ _6\"></span>t the repricing time periods to es<span class=\"_ _6\"></span>tablish the hedge relationship<span class=\"_ _6\"></span><span class=\"_ _383\">. Hedge effectiv</span><span class=\"_ _6\"></span>eness is calculated as a percen<span class=\"_ _6\"></span>tage of the fair value mo<span class=\"_ _8\"></span>vement of the int<span class=\"_ _6\"></span>erest r<span class=\"_ _6\"></span>ate sw<span class=\"_ _6\"></span>ap against the fair v<span class=\"_ _6\"></span>alue mov<span class=\"_ _6\"></span>ement of the hedged it<span class=\"_ _6\"></span>em ov<span class=\"_ _6\"></span>er the period teste<span class=\"_ _6\"></span>d. The Group considers the f<span class=\"_ _6\"></span>ollowing as k<span class=\"_ _8\"></span><span class=\"_ _383\">ey sources of hedge ineffectiv</span><span class=\"_ _6\"></span>eness:<span class=\"_ _383\"> </span>\u2022 <span class=\"_ _124\"> </span><span class=\"ws2\">the mismatch in maturity date of the sw<span class=\"_ _6\"></span>ap and hedged item, as sw<span class=\"_ _6\"></span>aps with a given maturity date co<span class=\"_ _6\"></span>ver a portfolio of hedged it<span class=\"_ _6\"></span>ems which </span>may mature throughout the mon<span class=\"_ _6\"></span>th;<span class=\"_ _383\"> </span>\u2022 <span class=\"_ _124\"> </span><span class=\"ws2\"><span class=\"_ _383\">the actual behaviour of the hedged item differing from e</span><span class=\"_ _6\"></span>xpectations, such as e<span class=\"_ _6\"></span>arly repayments or withdr<span class=\"_ _6\"></span>aw<span class=\"_ _6\"></span>als and arrears;<span class=\"_ _383\"> </span></span>\u2022 <span class=\"_ _124\"> </span><span class=\"ws2\">minimal movement<span class=\"_ _6\"></span><span class=\"_ _383\">s in the yield curve leading to ineffectiv</span><span class=\"_ _6\"></span>eness where hedge r<span class=\"_ _6\"></span>elationships are sensitive t<span class=\"_ _6\"></span>o small value changes; and<span class=\"_ _383\"> </span></span>\u2022 <span class=\"_ _124\"> </span><span class=\"ws2\">the transition relating to LIBOR r<span class=\"_ _6\"></span>eforms during 2021 wher<span class=\"_ _6\"></span>eby some hedged instrumen<span class=\"_ _6\"></span>ts and hedged items ar<span class=\"_ _6\"></span><span class=\"_ _383\">e based on differen</span><span class=\"_ _6\"></span>t benchmark </span>rates<span class=\"_ _8\"></span>.<span class=\"_ _383\"> </span>Where there is an e<span class=\"_ _6\"></span><span class=\"_ _383\">ffective hedge r</span><span class=\"_ _6\"></span>elationship for fair v<span class=\"_ _6\"></span>alue hedges, the Gr<span class=\"_ _6\"></span>oup recognises the change in fair value of e<span class=\"_ _6\"></span>ach hedged item in pro\ufb01t or loss with the cumulative mo<span class=\"_ _6\"></span>vement in their v<span class=\"_ _6\"></span>alue being shown separ<span class=\"_ _6\"></span>ately in the Consolidated Stat<span class=\"_ _6\"></span>ement of Financial Position as fair v<span class=\"_ _6\"></span>alue adjustment<span class=\"_ _6\"></span>s on hedged assets and liabilities<span class=\"_ _6\"></span>. The fair value changes of both the deriv<span class=\"_ _6\"></span>ative and the hedge subs<span class=\"_ _6\"></span><span class=\"_ _383\">tantially off</span><span class=\"_ _6\"></span>set each other to r<span class=\"_ _6\"></span>educe pro\ufb01t v<span class=\"_ _6\"></span>olatility.<span class=\"_ _383\"> </span>The Group discontinues hedge accounting when the deriv<span class=\"_ _6\"></span>ative ceases through e<span class=\"_ _6\"></span>xpiry, when the derivative is c<span class=\"_ _6\"></span>ancelled or the underlying hedged item matures<span class=\"_ _6\"></span>, is sold or is repaid.<span class=\"_ _383\"> </span>If a derivative no longer meet<span class=\"_ _6\"></span>s the criteria for hedge accounting or is cancelled whilst s<span class=\"_ _6\"></span><span class=\"_ _383\">till effectiv</span><span class=\"_ _6\"></span>e, including LIBOR-link<span class=\"_ _8\"></span>ed derivatives c<span class=\"_ _6\"></span>ancelled as a result of IBOR r<span class=\"_ _6\"></span>eforms during 2<span class=\"_ _6\"></span>021, the fair value adjus<span class=\"_ _6\"></span>tment relating to the hedge<span class=\"_ _6\"></span>d assets or liabilities within the hedge relationship prior to the derivativ<span class=\"_ _6\"></span><span class=\"_ _383\">e becoming ineffective or being cancelled r</span><span class=\"_ _6\"></span>emains on the Consolidated Statemen<span class=\"_ _6\"></span>t of Financial Position and is amortised over the remaining life o<span class=\"_ _6\"></span>f the hedged assets or liabilities<span class=\"_ _6\"></span>. The rate of amortisation ov<span class=\"_ _8\"></span>er the remaining life is in line with expected income or cost gener<span class=\"_ _6\"></span>ated from the hedged assets or liabilities<span class=\"_ _8\"></span>. Each reporting period, the expectation is compared to actual with an accelerat<span class=\"_ _6\"></span><span class=\"_ _383\">ed run-off applied where the </span>two div<span class=\"_ _6\"></span>erge by mor<span class=\"_ _6\"></span>e than set parameter<span class=\"_ _6\"></span>s.<span class=\"_ _383\"> </span>",
   "dimensions": {
    "concept": "ifrs-full:DescriptionOfAccountingPolicyForDerivativeFinancialInstrumentsExplanatory",
    "language": "en",
    "entity": "scheme:213800ZBKL9BHSL2K459",
    "period": "2022-01-01T00:00:00/2023-01-01T00:00:00"
   }
  },
  "fact-500": {
   "value": "<span class=\"_ _383\">u)\u2002Derivative \ufb01n</span><span class=\"_ _1\"></span>anci<span class=\"_ _1\"></span>al ins<span class=\"_ _1\"></span>trum<span class=\"_ _1\"></span>ents The Group uses derivativ<span class=\"_ _6\"></span>e \ufb01nancial instrumen<span class=\"_ _6\"></span>ts (inter<span class=\"_ _6\"></span>est rat<span class=\"_ _6\"></span>e swaps) t<span class=\"_ _6\"></span>o manage its exposur<span class=\"_ _6\"></span>e to inter<span class=\"_ _6\"></span>est rat<span class=\"_ _6\"></span>e risk. In accordance with the Group Mark<span class=\"_ _6\"></span>et and Liquidity Risk Policy, the Group does not hold or issue deriv<span class=\"_ _6\"></span>ative \ufb01nancial instrumen<span class=\"_ _6\"></span>ts for pr<span class=\"_ _6\"></span>oprietary trading.<span class=\"_ _383\"> </span>Derivative \ufb01nancial ins<span class=\"_ _6\"></span>truments ar<span class=\"_ _6\"></span>e recognised at their fair value with changes in their fair v<span class=\"_ _6\"></span>alue tak<span class=\"_ _8\"></span>en to pro\ufb01t or loss. F<span class=\"_ _6\"></span>air values are calculated by discounting cash \ufb02ow<span class=\"_ _6\"></span>s at the pre<span class=\"_ _6\"></span>vailing inter<span class=\"_ _6\"></span>est r<span class=\"_ _6\"></span>ates. All deriv<span class=\"_ _6\"></span>atives are classi\ufb01ed as asse<span class=\"_ _6\"></span>ts when their fair value is positiv<span class=\"_ _6\"></span>e and as liabilities when their fair value is negativ<span class=\"_ _6\"></span>e. If a deriv<span class=\"_ _6\"></span>ative is cancelled, it is derecognised fr<span class=\"_ _6\"></span>om the Consolidated Statemen<span class=\"_ _6\"></span>t of Financial Position.<span class=\"_ _383\"> </span>The Group also uses derivativ<span class=\"_ _6\"></span>es to hedge the int<span class=\"_ _6\"></span>erest r<span class=\"_ _6\"></span>ate risk inheren<span class=\"_ _6\"></span>t in irrev<span class=\"_ _8\"></span>o<span class=\"_ _1\"></span><span class=\"_ _383\">cable offer</span><span class=\"_ _6\"></span>s to lend. This exposes the Group t<span class=\"_ _6\"></span>o mov<span class=\"_ _6\"></span>ements in the fair value of deriv<span class=\"_ _6\"></span>atives un<span class=\"_ _6\"></span>til the loan is drawn. The changes to f<span class=\"_ _6\"></span>air value are r<span class=\"_ _6\"></span>ecognised in pro\ufb01t or loss in the period. <span class=\"_ _383\">v)\u2002Hedg</span><span class=\"_ _1\"></span>e ac<span class=\"_ _1\"></span>count<span class=\"_ _1\"></span>ing<span class=\"_ _383\"> </span>The Group has chosen to continue t<span class=\"_ _6\"></span>o apply the hedge accounting requiremen<span class=\"_ _6\"></span>ts of IA<span class=\"_ _6\"></span>S 39 instead of the r<span class=\"_ _6\"></span>equiremen<span class=\"_ _6\"></span>ts in Chapter 6 of IFR<span class=\"_ _6\"></span>S 9<span class=\"_ _1f6\"></span>. The Group uses fair v<span class=\"_ _6\"></span>alue hedge accounting for a portfolio hedge of int<span class=\"_ _6\"></span>erest r<span class=\"_ _6\"></span>ate risk. Portfolio hedge accounting allows f<span class=\"_ _6\"></span><span class=\"_ _383\">or hedge effectiv</span><span class=\"_ _6\"></span>eness testing and accounting o<span class=\"_ _6\"></span>ver an en<span class=\"_ _6\"></span>tire portfolio of \ufb01nancial assets or liabilities<span class=\"_ _6\"></span>. T<span class=\"_ _8\"></span>o qualify for hedge accounting at inception, hedge relationships ar<span class=\"_ _6\"></span>e clearly documented and deriv<span class=\"_ _6\"></span>atives must be e<span class=\"_ _6\"></span>xpected to be highly e<span class=\"_ _6\"></span><span class=\"_ _383\">ffective </span><span class=\"_ _383\">in offsetting the hedge</span><span class=\"_ _6\"></span>d risks<span class=\"_ _8\"></span><span class=\"_ _383\">. In addition, effectiveness must be t</span><span class=\"_ _6\"></span>ested thr<span class=\"_ _6\"></span>oughout the life of the hedge relationship<span class=\"_ _6\"></span>. This applies to all derivativ<span class=\"_ _6\"></span>es including SONIA<span class=\"_ _6\"></span>-link<span class=\"_ _6\"></span>ed derivativ<span class=\"_ _6\"></span>es entered in<span class=\"_ _6\"></span>to to replace LIBOR-link<span class=\"_ _8\"></span>ed derivatives<span class=\"_ _8\"></span>, as a result of IBOR ref<span class=\"_ _6\"></span>orms during 2021.<span class=\"_ _383\"> </span>The Group applies fair v<span class=\"_ _6\"></span>alue portfolio hedge accounting to its \ufb01xed r<span class=\"_ _6\"></span>ate portfolio of mortgages and saving accounts. The hedge<span class=\"_ _6\"></span>d portfolio is analysed into r<span class=\"_ _6\"></span>epricing time periods based on expected r<span class=\"_ _6\"></span>epricing dates, utilising the Gr<span class=\"_ _6\"></span>oup Assets and Liabilities Committee (AL<span class=\"_ _8\"></span>CO) approv<span class=\"_ _8\"></span>ed<span class=\"_ _1\"></span> prepayment curve<span class=\"_ _6\"></span>. Inter<span class=\"_ _6\"></span>est r<span class=\"_ _6\"></span>ate sw<span class=\"_ _6\"></span>aps are designated agains<span class=\"_ _6\"></span>t the repricing time periods to es<span class=\"_ _6\"></span>tablish the hedge relationship<span class=\"_ _6\"></span><span class=\"_ _383\">. Hedge effectiv</span><span class=\"_ _6\"></span>eness is calculated as a percen<span class=\"_ _6\"></span>tage of the fair value mo<span class=\"_ _8\"></span>vement of the int<span class=\"_ _6\"></span>erest r<span class=\"_ _6\"></span>ate sw<span class=\"_ _6\"></span>ap against the fair v<span class=\"_ _6\"></span>alue mov<span class=\"_ _6\"></span>ement of the hedged it<span class=\"_ _6\"></span>em ov<span class=\"_ _6\"></span>er the period teste<span class=\"_ _6\"></span>d. The Group considers the f<span class=\"_ _6\"></span>ollowing as k<span class=\"_ _8\"></span><span class=\"_ _383\">ey sources of hedge ineffectiv</span><span class=\"_ _6\"></span>eness:<span class=\"_ _383\"> </span>\u2022 <span class=\"_ _124\"> </span><span class=\"ws2\">the mismatch in maturity date of the sw<span class=\"_ _6\"></span>ap and hedged item, as sw<span class=\"_ _6\"></span>aps with a given maturity date co<span class=\"_ _6\"></span>ver a portfolio of hedged it<span class=\"_ _6\"></span>ems which </span>may mature throughout the mon<span class=\"_ _6\"></span>th;<span class=\"_ _383\"> </span>\u2022 <span class=\"_ _124\"> </span><span class=\"ws2\"><span class=\"_ _383\">the actual behaviour of the hedged item differing from e</span><span class=\"_ _6\"></span>xpectations, such as e<span class=\"_ _6\"></span>arly repayments or withdr<span class=\"_ _6\"></span>aw<span class=\"_ _6\"></span>als and arrears;<span class=\"_ _383\"> </span></span>\u2022 <span class=\"_ _124\"> </span><span class=\"ws2\">minimal movement<span class=\"_ _6\"></span><span class=\"_ _383\">s in the yield curve leading to ineffectiv</span><span class=\"_ _6\"></span>eness where hedge r<span class=\"_ _6\"></span>elationships are sensitive t<span class=\"_ _6\"></span>o small value changes; and<span class=\"_ _383\"> </span></span>\u2022 <span class=\"_ _124\"> </span><span class=\"ws2\">the transition relating to LIBOR r<span class=\"_ _6\"></span>eforms during 2021 wher<span class=\"_ _6\"></span>eby some hedged instrumen<span class=\"_ _6\"></span>ts and hedged items ar<span class=\"_ _6\"></span><span class=\"_ _383\">e based on differen</span><span class=\"_ _6\"></span>t benchmark </span>rates<span class=\"_ _8\"></span>.<span class=\"_ _383\"> </span>Where there is an e<span class=\"_ _6\"></span><span class=\"_ _383\">ffective hedge r</span><span class=\"_ _6\"></span>elationship for fair v<span class=\"_ _6\"></span>alue hedges, the Gr<span class=\"_ _6\"></span>oup recognises the change in fair value of e<span class=\"_ _6\"></span>ach hedged item in pro\ufb01t or loss with the cumulative mo<span class=\"_ _6\"></span>vement in their v<span class=\"_ _6\"></span>alue being shown separ<span class=\"_ _6\"></span>ately in the Consolidated Stat<span class=\"_ _6\"></span>ement of Financial Position as fair v<span class=\"_ _6\"></span>alue adjustment<span class=\"_ _6\"></span>s on hedged assets and liabilities<span class=\"_ _6\"></span>. The fair value changes of both the deriv<span class=\"_ _6\"></span>ative and the hedge subs<span class=\"_ _6\"></span><span class=\"_ _383\">tantially off</span><span class=\"_ _6\"></span>set each other to r<span class=\"_ _6\"></span>educe pro\ufb01t v<span class=\"_ _6\"></span>olatility.<span class=\"_ _383\"> </span>The Group discontinues hedge accounting when the deriv<span class=\"_ _6\"></span>ative ceases through e<span class=\"_ _6\"></span>xpiry, when the derivative is c<span class=\"_ _6\"></span>ancelled or the underlying hedged item matures<span class=\"_ _6\"></span>, is sold or is repaid.<span class=\"_ _383\"> </span>If a derivative no longer meet<span class=\"_ _6\"></span>s the criteria for hedge accounting or is cancelled whilst s<span class=\"_ _6\"></span><span class=\"_ _383\">till effectiv</span><span class=\"_ _6\"></span>e, including LIBOR-link<span class=\"_ _8\"></span>ed derivatives c<span class=\"_ _6\"></span>ancelled as a result of IBOR r<span class=\"_ _6\"></span>eforms during 2<span class=\"_ _6\"></span>021, the fair value adjus<span class=\"_ _6\"></span>tment relating to the hedge<span class=\"_ _6\"></span>d assets or liabilities within the hedge relationship prior to the derivativ<span class=\"_ _6\"></span><span class=\"_ _383\">e becoming ineffective or being cancelled r</span><span class=\"_ _6\"></span>emains on the Consolidated Statemen<span class=\"_ _6\"></span>t of Financial Position and is amortised over the remaining life o<span class=\"_ _6\"></span>f the hedged assets or liabilities<span class=\"_ _6\"></span>. The rate of amortisation ov<span class=\"_ _8\"></span>er the remaining life is in line with expected income or cost gener<span class=\"_ _6\"></span>ated from the hedged assets or liabilities<span class=\"_ _8\"></span>. Each reporting period, the expectation is compared to actual with an accelerat<span class=\"_ _6\"></span><span class=\"_ _383\">ed run-off applied where the </span>two div<span class=\"_ _6\"></span>erge by mor<span class=\"_ _6\"></span>e than set parameter<span class=\"_ _6\"></span>s.<span class=\"_ _383\"> </span><span class=\"_ _383\">w)\u2002Debit an</span><span class=\"_ _1\"></span>d cre<span class=\"_ _1\"></span>dit valuat<span class=\"_ _1\"></span>ion ad<span class=\"_ _1\"></span>just<span class=\"_ _1\"></span>ment<span class=\"_ _1\"></span>s<span class=\"_ _383\"> </span>The D<span class=\"_ _6\"></span>V<span class=\"_ _8\"></span>A and CV<span class=\"_ _1f6\"></span>A are included in the fair value of deriv<span class=\"_ _6\"></span>ative \ufb01nancial instrumen<span class=\"_ _6\"></span>ts. The D<span class=\"_ _8\"></span>V<span class=\"_ _8\"></span>A is based on the expected loss a counterparty faces due to the risk of the Group<span class=\"_ _8\"></span>\u2019<span class=\"_ _8\"></span>s two banking entities def<span class=\"_ _6\"></span>aulting. The C<span class=\"_ _6\"></span>V<span class=\"_ _8\"></span>A re\ufb02ects the Group<span class=\"_ _8\"></span>\u2019<span class=\"_ _8\"></span>s risk of the counterparty\u2019<span class=\"_ _8\"></span>s default. The methodology is based on a st<span class=\"_ _6\"></span>andard calculation, taking in<span class=\"_ _6\"></span>to account: \u2022 <span class=\"_ _124\"> </span><span class=\"ws2\">the one-year PD;<span class=\"_ _383\"> </span></span>\u2022 <span class=\"_ _124\"> </span><span class=\"ws2\">the expected EAD; </span>\u2022 <span class=\"_ _124\"> </span><span class=\"ws2\">the expected L<span class=\"_ _8\"></span>GD; and<span class=\"_ _383\"> </span></span>\u2022 <span class=\"_ _124\"> </span><span class=\"ws2\">the average maturity of the s<span class=\"_ _6\"></span>waps<span class=\"_ _6\"></span>.<span class=\"_ _383\"> </span></span>",
   "dimensions": {
    "concept": "ifrs-full:DescriptionOfAccountingPolicyForDerivativeFinancialInstrumentsAndHedgingExplanatory",
    "language": "en",
    "entity": "scheme:213800ZBKL9BHSL2K459",
    "period": "2022-01-01T00:00:00/2023-01-01T00:00:00"
   }
  },
  "fact-591": {
   "value": "<span class=\"_ _383\">v)\u2002Hedg</span><span class=\"_ _1\"></span>e ac<span class=\"_ _1\"></span>count<span class=\"_ _1\"></span>ing<span class=\"_ _383\"> </span>The Group has chosen to continue t<span class=\"_ _6\"></span>o apply the hedge accounting requiremen<span class=\"_ _6\"></span>ts of IA<span class=\"_ _6\"></span>S 39 instead of the r<span class=\"_ _6\"></span>equiremen<span class=\"_ _6\"></span>ts in Chapter 6 of IFR<span class=\"_ _6\"></span>S 9<span class=\"_ _1f6\"></span>. The Group uses fair v<span class=\"_ _6\"></span>alue hedge accounting for a portfolio hedge of int<span class=\"_ _6\"></span>erest r<span class=\"_ _6\"></span>ate risk. Portfolio hedge accounting allows f<span class=\"_ _6\"></span><span class=\"_ _383\">or hedge effectiv</span><span class=\"_ _6\"></span>eness testing and accounting o<span class=\"_ _6\"></span>ver an en<span class=\"_ _6\"></span>tire portfolio of \ufb01nancial assets or liabilities<span class=\"_ _6\"></span>. T<span class=\"_ _8\"></span>o qualify for hedge accounting at inception, hedge relationships ar<span class=\"_ _6\"></span>e clearly documented and deriv<span class=\"_ _6\"></span>atives must be e<span class=\"_ _6\"></span>xpected to be highly e<span class=\"_ _6\"></span><span class=\"_ _383\">ffective </span><span class=\"_ _383\">in offsetting the hedge</span><span class=\"_ _6\"></span>d risks<span class=\"_ _8\"></span><span class=\"_ _383\">. In addition, effectiveness must be t</span><span class=\"_ _6\"></span>ested thr<span class=\"_ _6\"></span>oughout the life of the hedge relationship<span class=\"_ _6\"></span>. This applies to all derivativ<span class=\"_ _6\"></span>es including SONIA<span class=\"_ _6\"></span>-link<span class=\"_ _6\"></span>ed derivativ<span class=\"_ _6\"></span>es entered in<span class=\"_ _6\"></span>to to replace LIBOR-link<span class=\"_ _8\"></span>ed derivatives<span class=\"_ _8\"></span>, as a result of IBOR ref<span class=\"_ _6\"></span>orms during 2021.<span class=\"_ _383\"> </span>The Group applies fair v<span class=\"_ _6\"></span>alue portfolio hedge accounting to its \ufb01xed r<span class=\"_ _6\"></span>ate portfolio of mortgages and saving accounts. The hedge<span class=\"_ _6\"></span>d portfolio is analysed into r<span class=\"_ _6\"></span>epricing time periods based on expected r<span class=\"_ _6\"></span>epricing dates, utilising the Gr<span class=\"_ _6\"></span>oup Assets and Liabilities Committee (AL<span class=\"_ _8\"></span>CO) approv<span class=\"_ _8\"></span>ed<span class=\"_ _1\"></span> prepayment curve<span class=\"_ _6\"></span>. Inter<span class=\"_ _6\"></span>est r<span class=\"_ _6\"></span>ate sw<span class=\"_ _6\"></span>aps are designated agains<span class=\"_ _6\"></span>t the repricing time periods to es<span class=\"_ _6\"></span>tablish the hedge relationship<span class=\"_ _6\"></span><span class=\"_ _383\">. Hedge effectiv</span><span class=\"_ _6\"></span>eness is calculated as a percen<span class=\"_ _6\"></span>tage of the fair value mo<span class=\"_ _8\"></span>vement of the int<span class=\"_ _6\"></span>erest r<span class=\"_ _6\"></span>ate sw<span class=\"_ _6\"></span>ap against the fair v<span class=\"_ _6\"></span>alue mov<span class=\"_ _6\"></span>ement of the hedged it<span class=\"_ _6\"></span>em ov<span class=\"_ _6\"></span>er the period teste<span class=\"_ _6\"></span>d. The Group considers the f<span class=\"_ _6\"></span>ollowing as k<span class=\"_ _8\"></span><span class=\"_ _383\">ey sources of hedge ineffectiv</span><span class=\"_ _6\"></span>eness:<span class=\"_ _383\"> </span>\u2022 <span class=\"_ _124\"> </span><span class=\"ws2\">the mismatch in maturity date of the sw<span class=\"_ _6\"></span>ap and hedged item, as sw<span class=\"_ _6\"></span>aps with a given maturity date co<span class=\"_ _6\"></span>ver a portfolio of hedged it<span class=\"_ _6\"></span>ems which </span>may mature throughout the mon<span class=\"_ _6\"></span>th;<span class=\"_ _383\"> </span>\u2022 <span class=\"_ _124\"> </span><span class=\"ws2\"><span class=\"_ _383\">the actual behaviour of the hedged item differing from e</span><span class=\"_ _6\"></span>xpectations, such as e<span class=\"_ _6\"></span>arly repayments or withdr<span class=\"_ _6\"></span>aw<span class=\"_ _6\"></span>als and arrears;<span class=\"_ _383\"> </span></span>\u2022 <span class=\"_ _124\"> </span><span class=\"ws2\">minimal movement<span class=\"_ _6\"></span><span class=\"_ _383\">s in the yield curve leading to ineffectiv</span><span class=\"_ _6\"></span>eness where hedge r<span class=\"_ _6\"></span>elationships are sensitive t<span class=\"_ _6\"></span>o small value changes; and<span class=\"_ _383\"> </span></span>\u2022 <span class=\"_ _124\"> </span><span class=\"ws2\">the transition relating to LIBOR r<span class=\"_ _6\"></span>eforms during 2021 wher<span class=\"_ _6\"></span>eby some hedged instrumen<span class=\"_ _6\"></span>ts and hedged items ar<span class=\"_ _6\"></span><span class=\"_ _383\">e based on differen</span><span class=\"_ _6\"></span>t benchmark </span>rates<span class=\"_ _8\"></span>.<span class=\"_ _383\"> </span>Where there is an e<span class=\"_ _6\"></span><span class=\"_ _383\">ffective hedge r</span><span class=\"_ _6\"></span>elationship for fair v<span class=\"_ _6\"></span>alue hedges, the Gr<span class=\"_ _6\"></span>oup recognises the change in fair value of e<span class=\"_ _6\"></span>ach hedged item in pro\ufb01t or loss with the cumulative mo<span class=\"_ _6\"></span>vement in their v<span class=\"_ _6\"></span>alue being shown separ<span class=\"_ _6\"></span>ately in the Consolidated Stat<span class=\"_ _6\"></span>ement of Financial Position as fair v<span class=\"_ _6\"></span>alue adjustment<span class=\"_ _6\"></span>s on hedged assets and liabilities<span class=\"_ _6\"></span>. The fair value changes of both the deriv<span class=\"_ _6\"></span>ative and the hedge subs<span class=\"_ _6\"></span><span class=\"_ _383\">tantially off</span><span class=\"_ _6\"></span>set each other to r<span class=\"_ _6\"></span>educe pro\ufb01t v<span class=\"_ _6\"></span>olatility.<span class=\"_ _383\"> </span>The Group discontinues hedge accounting when the deriv<span class=\"_ _6\"></span>ative ceases through e<span class=\"_ _6\"></span>xpiry, when the derivative is c<span class=\"_ _6\"></span>ancelled or the underlying hedged item matures<span class=\"_ _6\"></span>, is sold or is repaid.<span class=\"_ _383\"> </span>If a derivative no longer meet<span class=\"_ _6\"></span>s the criteria for hedge accounting or is cancelled whilst s<span class=\"_ _6\"></span><span class=\"_ _383\">till effectiv</span><span class=\"_ _6\"></span>e, including LIBOR-link<span class=\"_ _8\"></span>ed derivatives c<span class=\"_ _6\"></span>ancelled as a result of IBOR r<span class=\"_ _6\"></span>eforms during 2<span class=\"_ _6\"></span>021, the fair value adjus<span class=\"_ _6\"></span>tment relating to the hedge<span class=\"_ _6\"></span>d assets or liabilities within the hedge relationship prior to the derivativ<span class=\"_ _6\"></span><span class=\"_ _383\">e becoming ineffective or being cancelled r</span><span class=\"_ _6\"></span>emains on the Consolidated Statemen<span class=\"_ _6\"></span>t of Financial Position and is amortised over the remaining life o<span class=\"_ _6\"></span>f the hedged assets or liabilities<span class=\"_ _6\"></span>. The rate of amortisation ov<span class=\"_ _8\"></span>er the remaining life is in line with expected income or cost gener<span class=\"_ _6\"></span>ated from the hedged assets or liabilities<span class=\"_ _8\"></span>. Each reporting period, the expectation is compared to actual with an accelerat<span class=\"_ _6\"></span><span class=\"_ _383\">ed run-off applied where the </span>two div<span class=\"_ _6\"></span>erge by mor<span class=\"_ _6\"></span>e than set parameter<span class=\"_ _6\"></span>s.<span class=\"_ _383\"> </span>",
   "dimensions": {
    "concept": "ifrs-full:DescriptionOfAccountingPolicyForHedgingExplanatory",
    "language": "en",
    "entity": "scheme:213800ZBKL9BHSL2K459",
    "period": "2022-01-01T00:00:00/2023-01-01T00:00:00"
   }
  },
  "fact-501": {
   "value": "<span class=\"_ _383\">x)\u2002Provis</span><span class=\"_ _1\"></span>ions an<span class=\"_ _1\"></span>d cont<span class=\"_ _1\"></span>inge<span class=\"_ _1\"></span>nt liab<span class=\"_ _1\"></span>ilitie<span class=\"_ _1\"></span>s<span class=\"_ _383\"> </span>A pro<span class=\"_ _6\"></span>vision is recognised when there is a presen<span class=\"_ _6\"></span>t obligation as a result of a pas<span class=\"_ _6\"></span>t ev<span class=\"_ _6\"></span>ent, it is probable that the obligation will be se<span class=\"_ _6\"></span>ttled and the amount can be es<span class=\"_ _6\"></span>timated reliably. Pro<span class=\"_ _6\"></span>visions include ECLs on the Group<span class=\"_ _8\"></span>\u2019<span class=\"_ _6\"></span>s undrawn loan commitmen<span class=\"_ _6\"></span>ts.<span class=\"_ _383\"> </span>",
   "dimensions": {
    "concept": "ifrs-full:DescriptionOfAccountingPolicyForProvisionsExplanatory",
    "language": "en",
    "entity": "scheme:213800ZBKL9BHSL2K459",
    "period": "2022-01-01T00:00:00/2023-01-01T00:00:00"
   }
  },
  "fact-502": {
   "value": "Contingent liabilities ar<span class=\"_ _6\"></span>e possible obligations arising from past e<span class=\"_ _6\"></span>ven<span class=\"_ _6\"></span>ts, whose e<span class=\"_ _6\"></span>xistence will be con\ufb01rmed only by uncertain future e<span class=\"_ _6\"></span>ven<span class=\"_ _6\"></span>ts, or present obligations arising fr<span class=\"_ _6\"></span>om past e<span class=\"_ _6\"></span>vent<span class=\"_ _6\"></span>s which are either not probable or the amoun<span class=\"_ _6\"></span>t of the obligation cannot be r<span class=\"_ _6\"></span>eliably measured. Contingent liabilities ar<span class=\"_ _6\"></span>e not recognised but disclosed unless they are not mat<span class=\"_ _6\"></span>erial or their probability is remot<span class=\"_ _6\"></span>e.<span class=\"_ _383\"> </span>",
   "dimensions": {
    "concept": "ifrs-full:DescriptionOfAccountingPolicyForContingentLiabilitiesAndContingentAssetsExplanatory",
    "language": "en",
    "entity": "scheme:213800ZBKL9BHSL2K459",
    "period": "2022-01-01T00:00:00/2023-01-01T00:00:00"
   }
  },
  "fact-503": {
   "value": "<span class=\"_ _383\">y)\u2002Empl</span><span class=\"_ _1\"></span>oye<span class=\"_ _1\"></span>e b<span class=\"_ _1\"></span>ene<span class=\"_ _1\"></span>\ufb01ts \u2013 de<span class=\"_ _1\"></span>\ufb01ne<span class=\"_ _1\"></span>d co<span class=\"_ _1\"></span>ntribu<span class=\"_ _1\"></span>tion s<span class=\"_ _1\"></span>che<span class=\"_ _1\"></span>me<span class=\"_ _383\"> </span>The Group contributes t<span class=\"_ _6\"></span>o de\ufb01ned contribution personal pension plans or de<span class=\"_ _6\"></span>\ufb01ned contribution retir<span class=\"_ _6\"></span>ement bene\ufb01t schemes f<span class=\"_ _6\"></span>or all qualifying employees who subscribe to the terms and conditions of the schemes<span class=\"_ _8\"></span>\u2019 policies. Obligations for contributions to de<span class=\"_ _6\"></span>\ufb01ned contribution pension arrangemen<span class=\"_ _6\"></span>ts are r<span class=\"_ _6\"></span>ecognised as an expense in pro\ufb01t or loss as incurr<span class=\"_ _6\"></span>ed.<span class=\"_ _383\"> </span>",
   "dimensions": {
    "concept": "ifrs-full:DescriptionOfAccountingPolicyForEmployeeBenefitsExplanatory",
    "language": "en",
    "entity": "scheme:213800ZBKL9BHSL2K459",
    "period": "2022-01-01T00:00:00/2023-01-01T00:00:00"
   }
  },
  "fact-504": {
   "value": "<span class=\"_ _383\">z)\u2002Share</span><span class=\"_ _1\"></span>-<span class=\"_ _1\"></span>bas<span class=\"_ _1\"></span>ed p<span class=\"_ _1\"></span>aym<span class=\"_ _1\"></span>ents<span class=\"_ _383\"> </span>Equity-settled share-based paymen<span class=\"_ _6\"></span>ts to employees pro<span class=\"_ _6\"></span>viding services are measured at the fair v<span class=\"_ _6\"></span>alue of the equity instrumen<span class=\"_ _6\"></span>ts at the gran<span class=\"_ _6\"></span>t date in accordance with IFRS 2. The fair v<span class=\"_ _6\"></span>alue excludes the e<span class=\"_ _6\"></span><span class=\"_ _383\">ffect of non-mark</span><span class=\"_ _8\"></span>et-based vesting conditions<span class=\"_ _6\"></span>.<span class=\"_ _383\"> </span>The cost of the aw<span class=\"_ _6\"></span>ards ar<span class=\"_ _6\"></span>e charged on a s<span class=\"_ _6\"></span>traigh<span class=\"_ _6\"></span>t-line basis to pro\ufb01t or loss (<span class=\"_ _6\"></span>with a corresponding increase in the shar<span class=\"_ _6\"></span>e-based payment r<span class=\"_ _6\"></span>eserve within equity) ov<span class=\"_ _6\"></span>er the ves<span class=\"_ _6\"></span>ting period in which the employees become unconditionally entitled to the awar<span class=\"_ _6\"></span>ds. The incr<span class=\"_ _6\"></span>ease within the share-based payment reserve is r<span class=\"_ _6\"></span>eclassi\ufb01ed to retained e<span class=\"_ _6\"></span>arnings upon exer<span class=\"_ _6\"></span>cise. The amount recognised as an e<span class=\"_ _6\"></span>xpense for non-mark<span class=\"_ _8\"></span>et conditions and related service c<span class=\"_ _1\"></span>onditions is adjusted each r<span class=\"_ _6\"></span>eporting period to re\ufb02ect the actual number of aw<span class=\"_ _6\"></span>ards e<span class=\"_ _6\"></span>xpected to be met. The amount r<span class=\"_ _6\"></span>ecognised as an expense for aw<span class=\"_ _6\"></span>ards subject t<span class=\"_ _6\"></span>o mark<span class=\"_ _6\"></span>et conditions is based on the proportion that is expected to meet the condition as assessed at the gr<span class=\"_ _6\"></span>ant date<span class=\"_ _6\"></span>. No adjustment is made t<span class=\"_ _6\"></span>o the fair value of each a<span class=\"_ _6\"></span>war<span class=\"_ _6\"></span>d calculated at gran<span class=\"_ _6\"></span>t date. Share-based payment<span class=\"_ _6\"></span>s that are not subject to further ves<span class=\"_ _6\"></span>ting conditions (i.e. the De<span class=\"_ _6\"></span>ferred Shar<span class=\"_ _6\"></span>e Bonus Plan (DSBP) for senior manager<span class=\"_ _6\"></span>s) are expensed in the year services are receive<span class=\"_ _6\"></span>d with a corresponding increase in equity. A<span class=\"_ _6\"></span>war<span class=\"_ _6\"></span>ds gran<span class=\"_ _6\"></span>ted to Executiv<span class=\"_ _6\"></span>e Director<span class=\"_ _6\"></span>s in March 202<span class=\"_ _6\"></span>0 are subject to service conditions through to vesting and ar<span class=\"_ _6\"></span>e expensed o<span class=\"_ _6\"></span>ver the v<span class=\"_ _6\"></span>esting period. A<span class=\"_ _6\"></span>war<span class=\"_ _6\"></span>ds gran<span class=\"_ _6\"></span>ted to Executiv<span class=\"_ _6\"></span>e Director<span class=\"_ _6\"></span>s from 2021 ar<span class=\"_ _6\"></span>e not subject to future service conditions and are expensed in the year wher<span class=\"_ _6\"></span>e the service is de<span class=\"_ _1\"></span>emed to have been pr<span class=\"_ _6\"></span>ovided.<span class=\"_ _383\"> </span>Where the allo<span class=\"_ _6\"></span>wable cost o<span class=\"_ _6\"></span>f share-based options or aw<span class=\"_ _6\"></span>ards f<span class=\"_ _6\"></span>or tax purposes is greater than the cos<span class=\"_ _6\"></span>t determined in accordance with IFRS 2, the <span class=\"_ _383\">tax effect o</span><span class=\"_ _6\"></span>f the excess is tak<span class=\"_ _8\"></span>en to the share-based payment r<span class=\"_ _6\"></span><span class=\"_ _383\">eserve within equity. The tax eff</span><span class=\"_ _6\"></span>ect is reclassi\ufb01ed to ret<span class=\"_ _6\"></span>ained earnings upon ves<span class=\"_ _6\"></span>ting. Employer\u2019<span class=\"_ _8\"></span>s national insurance is charged t<span class=\"_ _6\"></span>o pro\ufb01t or loss at the shar<span class=\"_ _6\"></span>e price at the reporting date on the same servic<span class=\"_ _1\"></span>e or vesting sche<span class=\"_ _6\"></span>dules as the underlying options and awar<span class=\"_ _8\"></span>ds. Own shares are r<span class=\"_ _6\"></span>ecorded at cost and deducte<span class=\"_ _6\"></span>d from equity and repr<span class=\"_ _6\"></span>esent shares o<span class=\"_ _6\"></span>f OSBG that are held by the Employee Bene\ufb01t T<span class=\"_ _1f6\"></span>rust. ",
   "dimensions": {
    "concept": "ifrs-full:DescriptionOfAccountingPolicyForSharebasedPaymentTransactionsExplanatory",
    "language": "en",
    "entity": "scheme:213800ZBKL9BHSL2K459",
    "period": "2022-01-01T00:00:00/2023-01-01T00:00:00"
   }
  },
  "fact-505": {
   "value": "<span class=\"_ _383\">aa)\u2002Lease</span><span class=\"_ _1\"></span>s<span class=\"_ _383\"> </span>The Group<span class=\"_ _8\"></span>\u2019<span class=\"_ _6\"></span>s leases are pr<span class=\"_ _6\"></span>edominantly for o<span class=\"_ _6\"></span><span class=\"_ _383\">ffices and Ken</span><span class=\"_ _6\"></span>t Reliance branches<span class=\"_ _6\"></span>. The Group r<span class=\"_ _6\"></span>ecognises right-of-use assets and lease liabilities for leases ov<span class=\"_ _6\"></span>er 12 months long. Right-o<span class=\"_ _6\"></span>f-use assets and lease liabilities are initially r<span class=\"_ _6\"></span>ecognised at the net present v<span class=\"_ _6\"></span>alue of future lease paymen<span class=\"_ _6\"></span>ts, discounted at the r<span class=\"_ _6\"></span>ate implicit in the lease or<span class=\"_ _8\"></span>, where not available<span class=\"_ _6\"></span>, the Group<span class=\"_ _8\"></span>\u2019<span class=\"_ _8\"></span>s incremental borro<span class=\"_ _6\"></span>wing cost. Subsequent to initial r<span class=\"_ _6\"></span>ecognition, the right-of-use asset is depr<span class=\"_ _6\"></span>eciated on a str<span class=\"_ _6\"></span>aight-line basis o<span class=\"_ _6\"></span>ver the term of the le<span class=\"_ _6\"></span>ase. Future r<span class=\"_ _6\"></span>ental paymen<span class=\"_ _6\"></span>ts are deducte<span class=\"_ _6\"></span>d from the lease liability, with inter<span class=\"_ _6\"></span>est charge<span class=\"_ _6\"></span>d on the lease liability using the incremental borr<span class=\"_ _6\"></span>owing cos<span class=\"_ _6\"></span>t at the time of initial recognition. L<span class=\"_ _6\"></span>ease liability payments ar<span class=\"_ _6\"></span>e recognised within \ufb01nancing activities in the Consolidated Stat<span class=\"_ _6\"></span>ement of Cash Flo<span class=\"_ _6\"></span>ws<span class=\"_ _6\"></span>. The Group assesses the lik<span class=\"_ _8\"></span>ely impact of early terminations in recognising the right-o<span class=\"_ _6\"></span>f-use asset and lease liability where an option to t<span class=\"_ _6\"></span>erminate early exis<span class=\"_ _6\"></span>ts. For modi\ufb01cations that increase the length o<span class=\"_ _6\"></span>f a lease; the modi\ufb01ed lease term is determined and the lease liability r<span class=\"_ _6\"></span>emeasured by discounting the re<span class=\"_ _6\"></span>vised lease payments using a r<span class=\"_ _6\"></span>evised discount r<span class=\"_ _6\"></span>ate, at the e<span class=\"_ _6\"></span><span class=\"_ _383\">ffective dat</span><span class=\"_ _6\"></span>e of the lease modi\ufb01cation; a corresponding adjus<span class=\"_ _6\"></span>tment is made to the right-of-use asset. Wher<span class=\"_ _6\"></span>e modi\ufb01cations decrease the length of a le<span class=\"_ _6\"></span>ase, the lease liability and right-o<span class=\"_ _6\"></span>f-use asset are r<span class=\"_ _6\"></span>educed in proportion to the reduction in the lease term, with any gain or loss r<span class=\"_ _6\"></span>ecognised in the pro\ufb01t or loss<span class=\"_ _6\"></span>.<span class=\"_ _383\"> </span>Leases with lo<span class=\"_ _6\"></span>w future paymen<span class=\"_ _6\"></span>ts or terms less than 12 months ar<span class=\"_ _6\"></span>e recognised on an accruals basis directly in pro<span class=\"_ _6\"></span>\ufb01t or loss.<span class=\"_ _383\"> </span>",
   "dimensions": {
    "concept": "ifrs-full:DescriptionOfAccountingPolicyForLeasesExplanatory",
    "language": "en",
    "entity": "scheme:213800ZBKL9BHSL2K459",
    "period": "2022-01-01T00:00:00/2023-01-01T00:00:00"
   }
  },
  "fact-506": {
   "value": "<span class=\"_ _383\">bb)\u2002Adoptio</span><span class=\"_ _1\"></span>n of new s<span class=\"_ _1\"></span>tand<span class=\"_ _1\"></span>ards<span class=\"_ _383\"> </span>Inte<span class=\"_ _1\"></span>rnati<span class=\"_ _1\"></span>ona<span class=\"_ _1\"></span>l \ufb01nan<span class=\"_ _1\"></span>cia<span class=\"_ _1\"></span>l rep<span class=\"_ _1\"></span>or<span class=\"_ _1\"></span>tin<span class=\"_ _1\"></span>g sta<span class=\"_ _1\"></span>nda<span class=\"_ _1\"></span>rds is<span class=\"_ _1\"></span>su<span class=\"_ _1\"></span>ed an<span class=\"_ _1\"></span>d ad<span class=\"_ _1\"></span>opte<span class=\"_ _1\"></span>d fo<span class=\"_ _1\"></span>r the \ufb01r<span class=\"_ _1\"></span>st ti<span class=\"_ _1\"></span>me in th<span class=\"_ _1\"></span>e ye<span class=\"_ _1\"></span>ar en<span class=\"_ _1\"></span>de<span class=\"_ _1\"></span>d 31 De<span class=\"_ _1\"></span>ce<span class=\"_ _1\"></span>mb<span class=\"_ _1\"></span>er 2022<span class=\"_ _383\"> </span>There w<span class=\"_ _6\"></span>ere a number of minor amendmen<span class=\"_ _6\"></span>ts to \ufb01nancial reporting standar<span class=\"_ _6\"></span><span class=\"_ _383\">ds that are eff</span><span class=\"_ _6\"></span>ective for the curr<span class=\"_ _6\"></span>ent year<span class=\"_ _1f6\"></span>. There has been no material impact on the \ufb01nancial stat<span class=\"_ _6\"></span>ements of the Gr<span class=\"_ _6\"></span>oup from the adoption of these \ufb01nancial r<span class=\"_ _6\"></span>eporting standard amendmen<span class=\"_ _6\"></span>ts and interpr<span class=\"_ _6\"></span>etations.<span class=\"_ _383\"> </span>Inte<span class=\"_ _1\"></span>rnati<span class=\"_ _1\"></span>ona<span class=\"_ _1\"></span>l \ufb01nan<span class=\"_ _1\"></span>cia<span class=\"_ _1\"></span>l rep<span class=\"_ _1\"></span>or<span class=\"_ _1\"></span>tin<span class=\"_ _1\"></span>g sta<span class=\"_ _1\"></span>nda<span class=\"_ _1\"></span>rds is<span class=\"_ _1\"></span>su<span class=\"_ _1\"></span>ed b<span class=\"_ _1\"></span>ut not y<span class=\"_ _1\"></span><span class=\"_ _383\">et eff</span><span class=\"_ _1\"></span>e<span class=\"_ _1\"></span>cti<span class=\"_ _1\"></span>ve whi<span class=\"_ _1\"></span>ch are a<span class=\"_ _1\"></span>ppl<span class=\"_ _1\"></span>ica<span class=\"_ _1\"></span>ble to t<span class=\"_ _1\"></span>he Gr<span class=\"_ _1\"></span>oup Certain amendments to accounting standar<span class=\"_ _8\"></span>ds and interpretations that w<span class=\"_ _6\"></span><span class=\"_ _383\">ere not eff</span><span class=\"_ _6\"></span>ective on 31 December 2022 hav<span class=\"_ _6\"></span>e not been early adopted <span class=\"ls2\"> </span>by the Group. The adop<span class=\"_ _6\"></span>tion of these amendments ar<span class=\"_ _6\"></span>e not expected to hav<span class=\"_ _8\"></span>e a material impact on the \ufb01nancial statements o<span class=\"_ _6\"></span>f the Group in <span class=\"ls2\"> </span>future periods<span class=\"_ _6\"></span>.<span class=\"_ _383\"> </span>",
   "dimensions": {
    "concept": "ifrs-full:DescriptionOfInitialApplicationOfStandardsOrInterpretations",
    "language": "en",
    "entity": "scheme:213800ZBKL9BHSL2K459",
    "period": "2022-01-01T00:00:00/2023-01-01T00:00:00"
   }
  },
  "fact-556": {
   "value": "<span class=\"_ _383\">bb)\u2002Adoptio</span><span class=\"_ _1\"></span>n of new s<span class=\"_ _1\"></span>tand<span class=\"_ _1\"></span>ards<span class=\"_ _383\"> </span>Inte<span class=\"_ _1\"></span>rnati<span class=\"_ _1\"></span>ona<span class=\"_ _1\"></span>l \ufb01nan<span class=\"_ _1\"></span>cia<span class=\"_ _1\"></span>l rep<span class=\"_ _1\"></span>or<span class=\"_ _1\"></span>tin<span class=\"_ _1\"></span>g sta<span class=\"_ _1\"></span>nda<span class=\"_ _1\"></span>rds is<span class=\"_ _1\"></span>su<span class=\"_ _1\"></span>ed an<span class=\"_ _1\"></span>d ad<span class=\"_ _1\"></span>opte<span class=\"_ _1\"></span>d fo<span class=\"_ _1\"></span>r the \ufb01r<span class=\"_ _1\"></span>st ti<span class=\"_ _1\"></span>me in th<span class=\"_ _1\"></span>e ye<span class=\"_ _1\"></span>ar en<span class=\"_ _1\"></span>de<span class=\"_ _1\"></span>d 31 De<span class=\"_ _1\"></span>ce<span class=\"_ _1\"></span>mb<span class=\"_ _1\"></span>er 2022<span class=\"_ _383\"> </span>There w<span class=\"_ _6\"></span>ere a number of minor amendmen<span class=\"_ _6\"></span>ts to \ufb01nancial reporting standar<span class=\"_ _6\"></span><span class=\"_ _383\">ds that are eff</span><span class=\"_ _6\"></span>ective for the curr<span class=\"_ _6\"></span>ent year<span class=\"_ _1f6\"></span>. There has been no material impact on the \ufb01nancial stat<span class=\"_ _6\"></span>ements of the Gr<span class=\"_ _6\"></span>oup from the adoption of these \ufb01nancial r<span class=\"_ _6\"></span>eporting standard amendmen<span class=\"_ _6\"></span>ts and interpr<span class=\"_ _6\"></span>etations.<span class=\"_ _383\"> </span>Inte<span class=\"_ _1\"></span>rnati<span class=\"_ _1\"></span>ona<span class=\"_ _1\"></span>l \ufb01nan<span class=\"_ _1\"></span>cia<span class=\"_ _1\"></span>l rep<span class=\"_ _1\"></span>or<span class=\"_ _1\"></span>tin<span class=\"_ _1\"></span>g sta<span class=\"_ _1\"></span>nda<span class=\"_ _1\"></span>rds is<span class=\"_ _1\"></span>su<span class=\"_ _1\"></span>ed b<span class=\"_ _1\"></span>ut not y<span class=\"_ _1\"></span><span class=\"_ _383\">et eff</span><span class=\"_ _1\"></span>e<span class=\"_ _1\"></span>cti<span class=\"_ _1\"></span>ve whi<span class=\"_ _1\"></span>ch are a<span class=\"_ _1\"></span>ppl<span class=\"_ _1\"></span>ica<span class=\"_ _1\"></span>ble to t<span class=\"_ _1\"></span>he Gr<span class=\"_ _1\"></span>oup Certain amendments to accounting standar<span class=\"_ _8\"></span>ds and interpretations that w<span class=\"_ _6\"></span><span class=\"_ _383\">ere not eff</span><span class=\"_ _6\"></span>ective on 31 December 2022 hav<span class=\"_ _6\"></span>e not been early adopted <span class=\"ls2\"> </span>by the Group. The adop<span class=\"_ _6\"></span>tion of these amendments ar<span class=\"_ _6\"></span>e not expected to hav<span class=\"_ _8\"></span>e a material impact on the \ufb01nancial statements o<span class=\"_ _6\"></span>f the Group in <span class=\"ls2\"> </span>future periods<span class=\"_ _6\"></span>.<span class=\"_ _383\"> </span>",
   "dimensions": {
    "concept": "ifrs-full:DisclosureOfChangesInAccountingPoliciesExplanatory",
    "language": "en",
    "entity": "scheme:213800ZBKL9BHSL2K459",
    "period": "2022-01-01T00:00:00/2023-01-01T00:00:00"
   }
  },
  "fact-593": {
   "value": "Inte<span class=\"_ _1\"></span>rnati<span class=\"_ _1\"></span>ona<span class=\"_ _1\"></span>l \ufb01nan<span class=\"_ _1\"></span>cia<span class=\"_ _1\"></span>l rep<span class=\"_ _1\"></span>or<span class=\"_ _1\"></span>tin<span class=\"_ _1\"></span>g sta<span class=\"_ _1\"></span>nda<span class=\"_ _1\"></span>rds is<span class=\"_ _1\"></span>su<span class=\"_ _1\"></span>ed an<span class=\"_ _1\"></span>d ad<span class=\"_ _1\"></span>opte<span class=\"_ _1\"></span>d fo<span class=\"_ _1\"></span>r the \ufb01r<span class=\"_ _1\"></span>st ti<span class=\"_ _1\"></span>me in th<span class=\"_ _1\"></span>e ye<span class=\"_ _1\"></span>ar en<span class=\"_ _1\"></span>de<span class=\"_ _1\"></span>d 31 De<span class=\"_ _1\"></span>ce<span class=\"_ _1\"></span>mb<span class=\"_ _1\"></span>er 2022<span class=\"_ _383\"> </span>There w<span class=\"_ _6\"></span>ere a number of minor amendmen<span class=\"_ _6\"></span>ts to \ufb01nancial reporting standar<span class=\"_ _6\"></span><span class=\"_ _383\">ds that are eff</span><span class=\"_ _6\"></span>ective for the curr<span class=\"_ _6\"></span>ent year<span class=\"_ _1f6\"></span>. There has been no material impact on the \ufb01nancial stat<span class=\"_ _6\"></span>ements of the Gr<span class=\"_ _6\"></span>oup from the adoption of these \ufb01nancial r<span class=\"_ _6\"></span>eporting standard amendmen<span class=\"_ _6\"></span>ts and interpr<span class=\"_ _6\"></span>etations.<span class=\"_ _383\"> </span>Inte<span class=\"_ _1\"></span>rnati<span class=\"_ _1\"></span>ona<span class=\"_ _1\"></span>l \ufb01nan<span class=\"_ _1\"></span>cia<span class=\"_ _1\"></span>l rep<span class=\"_ _1\"></span>or<span class=\"_ _1\"></span>tin<span class=\"_ _1\"></span>g sta<span class=\"_ _1\"></span>nda<span class=\"_ _1\"></span>rds is<span class=\"_ _1\"></span>su<span class=\"_ _1\"></span>ed b<span class=\"_ _1\"></span>ut not y<span class=\"_ _1\"></span><span class=\"_ _383\">et eff</span><span class=\"_ _1\"></span>e<span class=\"_ _1\"></span>cti<span class=\"_ _1\"></span>ve whi<span class=\"_ _1\"></span>ch are a<span class=\"_ _1\"></span>ppl<span class=\"_ _1\"></span>ica<span class=\"_ _1\"></span>ble to t<span class=\"_ _1\"></span>he Gr<span class=\"_ _1\"></span>oup Certain amendments to accounting standar<span class=\"_ _8\"></span>ds and interpretations that w<span class=\"_ _6\"></span><span class=\"_ _383\">ere not eff</span><span class=\"_ _6\"></span>ective on 31 December 2022 hav<span class=\"_ _6\"></span>e not been early adopted <span class=\"ls2\"> </span>by the Group. The adop<span class=\"_ _6\"></span>tion of these amendments ar<span class=\"_ _6\"></span>e not expected to hav<span class=\"_ _8\"></span>e a material impact on the \ufb01nancial statements o<span class=\"_ _6\"></span>f the Group in <span class=\"ls2\"> </span>future periods<span class=\"_ _6\"></span>.<span class=\"_ _383\"> </span>",
   "dimensions": {
    "concept": "ifrs-full:DescriptionOfExpectedImpactOfInitialApplicationOfNewStandardsOrInterpretations",
    "language": "en",
    "entity": "scheme:213800ZBKL9BHSL2K459",
    "period": "2022-01-01T00:00:00/2023-01-01T00:00:00"
   }
  },
  "fact-507": {
   "value": "<span class=\"_ _383\">2.\u2002Ju</span><span class=\"_ _1\"></span>dge<span class=\"_ _1\"></span>me<span class=\"_ _1\"></span>nts in ap<span class=\"_ _1\"></span>plyin<span class=\"_ _1\"></span>g acc<span class=\"_ _1\"></span>ounti<span class=\"_ _1\"></span>ng po<span class=\"_ _1\"></span>licie<span class=\"_ _1\"></span>s and c<span class=\"_ _1\"></span>ritica<span class=\"_ _1\"></span>l acc<span class=\"_ _1\"></span>ounti<span class=\"_ _1\"></span>ng es<span class=\"_ _1\"></span>timat<span class=\"_ _1\"></span>es<span class=\"_ _383\"> </span>In preparing these \ufb01nancial st<span class=\"_ _6\"></span>atements<span class=\"_ _6\"></span>, the Group has made judgemen<span class=\"_ _6\"></span>ts, es<span class=\"_ _6\"></span><span class=\"_ _383\">timates and assumptions which affect the r</span><span class=\"_ _6\"></span>eported amounts within the current and futur<span class=\"_ _6\"></span>e \ufb01nancial years<span class=\"_ _6\"></span>. Actual result<span class=\"_ _6\"></span><span class=\"_ _383\">s may differ from these es</span><span class=\"_ _6\"></span>timates. As set out in the T<span class=\"_ _8\"></span>ask Force on Climate-relate<span class=\"_ _6\"></span>d Financial Disclosures (<span class=\"_ _1\"></span>TCFD<span class=\"_ _6\"></span>) report on page 100, climate change is a global challenge and an emerging risk to businesses<span class=\"_ _8\"></span>, pe<span class=\"_ _1\"></span>ople and the environmen<span class=\"_ _6\"></span>t. Theref<span class=\"_ _6\"></span>ore, in pr<span class=\"_ _6\"></span>eparing the \ufb01nancial stat<span class=\"_ _6\"></span>ements<span class=\"_ _6\"></span>, the Group has considered the impact of climate-relat<span class=\"_ _6\"></span>ed risk<span class=\"_ _6\"></span>s on its \ufb01nancial position and performance, including the impact on ECL<span class=\"_ _6\"></span> and redemption pro<span class=\"_ _6\"></span>\ufb01les included in EIR. While the <span class=\"_ _383\">effects o</span><span class=\"_ _6\"></span>f climate change represen<span class=\"_ _6\"></span>t a source of uncertainty, the Group does not consider ther<span class=\"_ _6\"></span>e to be a material impact on its judgement<span class=\"_ _6\"></span>s and estimates fr<span class=\"_ _6\"></span>om the physical or transition risk<span class=\"_ _8\"></span>s in the shor<span class=\"_ _1\"></span>t term. Accordingly, there is no signi\ufb01can<span class=\"_ _6\"></span>t risk of material adjus<span class=\"_ _6\"></span>tment to the carrying amount of asset<span class=\"_ _6\"></span>s and liabilities within the next \ufb01nancial year as a result o<span class=\"_ _6\"></span>f climate change. As set out on page 71, whils<span class=\"_ _6\"></span>t not material, the Group has recognised a post model adjus<span class=\"_ _6\"></span>tment (PMA) within the ECL pr<span class=\"_ _6\"></span>ovision o<span class=\"_ _6\"></span>f \u00a34<span class=\"_ _6\"></span>.<span class=\"_ _1f6\"></span>4m in relation to climate change.<span class=\"_ _383\"> </span>Estimates and judgemen<span class=\"_ _6\"></span>ts are r<span class=\"_ _6\"></span>egularly revie<span class=\"_ _8\"></span>wed based on past experience<span class=\"_ _6\"></span>, expectations o<span class=\"_ _6\"></span>f future ev<span class=\"_ _8\"></span>ents and other factors<span class=\"_ _8\"></span>.<span class=\"_ _1\"></span> Judgements<span class=\"_ _383\"> </span>The Group has made the follo<span class=\"_ _6\"></span>wing k<span class=\"_ _8\"></span>ey judgements in applying the accounting policies:<span class=\"_ _383\"> </span>(i<span class=\"_ _1\"></span><span class=\"_ _383\">)\u2002Lo</span><span class=\"_ _1\"></span>an b<span class=\"_ _1\"></span>ook i<span class=\"_ _1\"></span>mpa<span class=\"_ _1\"></span>irm<span class=\"_ _1\"></span>ent<span class=\"_ _1\"></span>s<span class=\"_ _383\"> </span>Sig<span class=\"_ _1\"></span>ni\ufb01c<span class=\"_ _1\"></span>ant i<span class=\"_ _1\"></span>nc<span class=\"_ _1\"></span>reas<span class=\"_ _1\"></span>e in c<span class=\"_ _1\"></span>red<span class=\"_ _1\"></span>it risk fo<span class=\"_ _1\"></span>r cla<span class=\"_ _1\"></span>ss<span class=\"_ _1\"></span>i\ufb01c<span class=\"_ _1\"></span>atio<span class=\"_ _1\"></span>n in stag<span class=\"_ _1\"></span>e 2<span class=\"_ _383\"> </span>The Group<span class=\"_ _8\"></span>\u2019<span class=\"_ _6\"></span>s SICR rules considers changes in def<span class=\"_ _6\"></span>ault risk, internal impairmen<span class=\"_ _6\"></span>t measures<span class=\"_ _6\"></span>, changes in customer cr<span class=\"_ _6\"></span>edit bureau \ufb01les<span class=\"_ _6\"></span>, or whether forbear<span class=\"_ _6\"></span>ance measures had been applied. As the CO<span class=\"_ _6\"></span>VID-19 paymen<span class=\"_ _6\"></span>t deferr<span class=\"_ _6\"></span>als initiative has ceased, ne<span class=\"_ _6\"></span>wly grant<span class=\"_ _6\"></span>ed payment holidays are considered a SICR ev<span class=\"_ _8\"></span>ent. Other SICR adjustment<span class=\"_ _6\"></span>s made during the pandemic to account for high risk accounts hav<span class=\"_ _6\"></span>e since been remov<span class=\"_ _6\"></span>ed with SICR adjustmen<span class=\"_ _6\"></span>ts updated as the Group identi\ufb01ed incr<span class=\"_ _6\"></span>eases in credit risk as a r<span class=\"_ _6\"></span>esult of the cost of living and cos<span class=\"_ _6\"></span>t of borro<span class=\"_ _6\"></span>wing str<span class=\"_ _6\"></span>esses in the UK, caused by high in\ufb02ation and increases in int<span class=\"_ _6\"></span>erest r<span class=\"_ _6\"></span>ates<span class=\"_ _6\"></span>.<span class=\"_ _383\"> </span>(i<span class=\"_ _1\"></span>i<span class=\"_ _1\"></span><span class=\"_ _383\">)\u2002IFR</span><span class=\"_ _1\"></span>S 9 cla<span class=\"_ _1\"></span>ssi<span class=\"_ _1\"></span>\ufb01cati<span class=\"_ _1\"></span>on<span class=\"_ _383\"> </span>Application of the \u2018business model\u2019 re<span class=\"_ _6\"></span>quirements under IFR<span class=\"_ _6\"></span>S 9 requires the Gr<span class=\"_ _6\"></span>oup to conclude on the business models that it operat<span class=\"_ _6\"></span>es and is a fundamental aspect in determining the classi\ufb01cation o<span class=\"_ _6\"></span>f the Group<span class=\"_ _8\"></span>\u2019<span class=\"_ _6\"></span>s \ufb01nancial assets<span class=\"_ _6\"></span>.<span class=\"_ _383\"> </span>Management assess the int<span class=\"_ _6\"></span>ention for holding \ufb01nancial assets and the con<span class=\"_ _6\"></span>tractual terms o<span class=\"_ _6\"></span>f those assets, concluding that the Gr<span class=\"_ _6\"></span>oup<span class=\"_ _6\"></span>\u2019<span class=\"_ _8\"></span>s business model is a \u2018held to collect\u2019 business model. This conclusion w<span class=\"_ _6\"></span>as reached on the basis that the Gr<span class=\"_ _6\"></span>oup originates and purchases loans and advances in order with the in<span class=\"_ _6\"></span>tention to collect contr<span class=\"_ _6\"></span>actual cash \ufb02ow<span class=\"_ _6\"></span>s ov<span class=\"_ _6\"></span>er the life of the originated or pur<span class=\"_ _6\"></span>chased \ufb01nancial instrument.<span class=\"_ _383\"> </span>The Group considers whether the con<span class=\"_ _6\"></span>tractual terms o<span class=\"_ _6\"></span>f a \ufb01nancial asset give rise on speci\ufb01ed dates to cash \ufb02o<span class=\"_ _8\"></span>ws that are SPPI on the principal amount outs<span class=\"_ _6\"></span>tanding when applying the classi\ufb01cation criteria of IFRS 9<span class=\"_ _9\"></span>. The majority of the Group<span class=\"_ _8\"></span>\u2019<span class=\"_ _6\"></span>s assets being loans and advances to cus<span class=\"_ _6\"></span>tomers which have been accounted f<span class=\"_ _6\"></span>or under amortised cost with the exception of one acquir<span class=\"_ _6\"></span>ed mortgage book of \u00a314.<span class=\"_ _6\"></span>6m (2<span class=\"_ _6\"></span>021: \u00a317<span class=\"_ _1f6\"></span>.7<span class=\"_ _8\"></span>m) that is recognised at FV<span class=\"_ _1\"></span>TPL.<span class=\"_ _383\"> </span>Estimates<span class=\"_ _383\"> </span>The Group has made the follo<span class=\"_ _6\"></span>wing estimates in the application o<span class=\"_ _6\"></span>f the accounting policies that have a signi\ufb01can<span class=\"_ _6\"></span>t risk of material adjustmen<span class=\"_ _6\"></span>t to the carrying amount of asset<span class=\"_ _6\"></span>s and liabilities within the next \ufb01nancial year:<span class=\"_ _383\"> </span>(i<span class=\"_ _1\"></span><span class=\"_ _383\">)\u2002Lo</span><span class=\"_ _1\"></span>an b<span class=\"_ _1\"></span>ook i<span class=\"_ _1\"></span>mpa<span class=\"_ _1\"></span>irm<span class=\"_ _1\"></span>ent<span class=\"_ _1\"></span>s<span class=\"_ _383\"> </span>Set out below ar<span class=\"_ _6\"></span>e details of the critical accounting es<span class=\"_ _6\"></span>timates which underpin loan impairment calculations<span class=\"_ _6\"></span>. Less signi\ufb01c<span class=\"_ _6\"></span>ant estimates ar<span class=\"_ _6\"></span>e not discussed as they do not have a mat<span class=\"_ _6\"></span><span class=\"_ _383\">erial effect. The Group has r</span><span class=\"_ _6\"></span>ecognised total impairments o<span class=\"_ _6\"></span>f \u00a3130.<span class=\"_ _6\"></span>0m (2<span class=\"_ _6\"></span>021: \u00a3101.5m) at the reporting date as disclosed in note 23<span class=\"_ _6\"></span>.<span class=\"_ _383\"> </span>Modelled impairment<span class=\"_ _383\"> </span>Modelled pro<span class=\"_ _6\"></span>vision assessments ar<span class=\"_ _6\"></span>e also subject to estimation uncertainty, underpinned by a number of es<span class=\"_ _6\"></span>timates being made by management which are utilised within impairment c<span class=\"_ _6\"></span>alculations. K<span class=\"_ _8\"></span>ey areas of estimation within modelled pr<span class=\"_ _6\"></span>ovisioning calculations include those r<span class=\"_ _6\"></span>egarding the L<span class=\"_ _8\"></span>GD and forward-looking macroeconomic scenarios.<span class=\"_ _383\"> </span>Loss give<span class=\"_ _1\"></span>n defau<span class=\"_ _1\"></span>lt mo<span class=\"_ _1\"></span>de<span class=\"_ _1\"></span>l<span class=\"_ _383\"> </span>The Group has a number of L<span class=\"_ _8\"></span>GD models, which include es<span class=\"_ _6\"></span>timates regar<span class=\"_ _6\"></span>ding propensity to go t<span class=\"_ _6\"></span>o possession given def<span class=\"_ _6\"></span>ault (PPD), for<span class=\"_ _6\"></span>ced sale discount, time to sale and sale costs<span class=\"_ _8\"></span>. The LGD is sensitiv<span class=\"_ _6\"></span>e to the application of the HPI, with a 10% hair<span class=\"_ _6\"></span>cut seen to be a reasonable per<span class=\"_ _6\"></span>centage change when re<span class=\"_ _6\"></span>viewing hist<span class=\"_ _6\"></span>orical and expected 12 mon<span class=\"_ _6\"></span>th outcomes. The table belo<span class=\"_ _8\"></span>w shows the resulting incremen<span class=\"_ _6\"></span>tal pro<span class=\"_ _6\"></span>vision require<span class=\"_ _6\"></span>d of an 10% house price haircut being directly applied to all e<span class=\"_ _6\"></span>xposures which not only adjus<span class=\"_ _6\"></span>t the sale discount but the propensity to go t<span class=\"_ _6\"></span>o PPD<span class=\"_ _8\"></span>.<span class=\"_ _383\"> </span>OSB segment<span class=\"_ _21\"> </span>CCFS segment<span class=\"_ _18d\"> </span><span class=\"ws71\">Group<span class=\"_ _383\"> </span></span>31 Dec<span class=\"_ _1\"></span>ember 2022<span class=\"_ _215\"> </span><span class=\"ls7e ws16\">\u00a328<span class=\"_ _1\"></span>.0m<span class=\"_ _40\"> </span><span class=\"ls80 wsc7\">\u00a3<span class=\"_ _1\"></span>1<span class=\"_ _1\"></span>0<span class=\"_ _1\"></span>.<span class=\"_ _1\"></span>7m<span class=\"_ _6e\"> </span>\u00a3<span class=\"_ _1\"></span>3<span class=\"_ _1\"></span>8<span class=\"_ _2\"></span>.7m<span class=\"_ _383\"> </span></span></span>31 December 2021<span class=\"_ _1f2\"> </span><span class=\"lse3 wse7\">\u00a322.7m<span class=\"_ _70\"> </span><span class=\"lsf9 ws82\">\u00a38.3m<span class=\"_ _a1\"> </span></span></span><span class=\"ws6e\">\u00a3<span class=\"_ _1\"></span>31.0<span class=\"_ _1\"></span>m<span class=\"_ _383\"> </span></span>The Group<span class=\"_ _8\"></span>\u2019<span class=\"_ _6\"></span>s forecas<span class=\"_ _6\"></span>ts of HPI mo<span class=\"_ _6\"></span>vement<span class=\"_ _6\"></span>s used in the impairment models are disclose<span class=\"_ _6\"></span>d in the Risk pro\ufb01le performance re<span class=\"_ _8\"></span>view on page 71.<span class=\"_ _383\"> </span>Forwar<span class=\"_ _6\"></span>d-look<span class=\"_ _6\"></span>ing macr<span class=\"_ _6\"></span>oeconomic scenarios<span class=\"_ _383\"> </span>The forwar<span class=\"_ _6\"></span><span class=\"_ _383\">d-looking macroeconomic scenarios affect all model components of the ECL</span><span class=\"_ _6\"></span> thus the calculation remains sensitive t<span class=\"_ _6\"></span>o both the scenarios utilised and their associated probability w<span class=\"_ _6\"></span>eightings<span class=\"_ _6\"></span>.<span class=\"_ _383\"> </span>The Company has adopted an approach which utilises f<span class=\"_ _6\"></span>our macroeconomic scenarios. These scenarios are pro<span class=\"_ _8\"></span>vided by an industry leading economics advisory \ufb01rm, that provide managemen<span class=\"_ _6\"></span>t and the Board with advice on which scenarios to utilise and the probability w<span class=\"_ _6\"></span>eightings to attach to each scenario. A base c<span class=\"_ _6\"></span>ase forecast is pr<span class=\"_ _6\"></span>ovided, t<span class=\"_ _6\"></span>ogether with a plausible upside scenario. T<span class=\"_ _8\"></span>wo do<span class=\"_ _6\"></span>wnside scenarios are also pro<span class=\"_ _6\"></span>vided (do<span class=\"_ _6\"></span>wnside and a sev<span class=\"_ _6\"></span>ere do<span class=\"_ _6\"></span>wnside).<span class=\"_ _1f6\"></span>The Group<span class=\"_ _8\"></span>\u2019<span class=\"_ _6\"></span>s macroeconomic scenarios can be found in the Credit Risk section of the Risk pr<span class=\"_ _6\"></span>o\ufb01le performance ov<span class=\"_ _6\"></span>erview on page 71.<span class=\"_ _383\"> </span>The following t<span class=\"_ _6\"></span>ables detail the ECL scenario sensitivity analysis with each scenario w<span class=\"_ _6\"></span>eighted at 100% probability. The purpose o<span class=\"_ _6\"></span>f using multiple economic scenarios is to model the non-linear impact of assumptions surrounding macr<span class=\"_ _6\"></span>oeconomic factors and ECL c<span class=\"_ _6\"></span>alculated:<span class=\"_ _383\"> </span>As at 31-Dec-22<span class=\"_ _383\"> </span>W<span class=\"_ _8\"></span>eighted (se<span class=\"_ _1\"></span>e note 23)<span class=\"_ _383\"> </span>100% Base case scenario<span class=\"_ _383\"> </span>100% Upside scenario<span class=\"_ _383\"> </span>100% Downside scenario<span class=\"_ _383\"> </span>100% Sever<span class=\"_ _6\"></span>e downside scenario<span class=\"_ _383\"> </span>T<span class=\"_ _8\"></span>otal loans befor<span class=\"_ _6\"></span>e pro<span class=\"_ _6\"></span>visions, \u00a3m<span class=\"_ _17a\"> </span><span class=\"ff2 lsc3 wsc2\">2<span class=\"_ _1\"></span>3<span class=\"_ _2\"></span>,<span class=\"_ _1\"></span>7<span class=\"_ _1\"></span>2<span class=\"_ _1\"></span>8<span class=\"_ _2\"></span>.1<span class=\"_ _a6\"> </span>2<span class=\"_ _1\"></span>3<span class=\"_ _1\"></span>,<span class=\"_ _2\"></span>72<span class=\"_ _2\"></span>8<span class=\"_ _1\"></span>.1<span class=\"_ _a6\"> </span>2<span class=\"_ _1\"></span>3<span class=\"_ _2\"></span>,<span class=\"_ _1\"></span>7<span class=\"_ _1\"></span>2<span class=\"_ _2\"></span>8<span class=\"_ _1\"></span>.1<span class=\"_ _a6\"> </span>2<span class=\"_ _1\"></span>3<span class=\"_ _2\"></span>,<span class=\"_ _1\"></span>7<span class=\"_ _1\"></span>2<span class=\"_ _1\"></span>8<span class=\"_ _2\"></span>.1<span class=\"_ _a6\"> </span>2<span class=\"_ _1\"></span>3<span class=\"_ _2\"></span>,<span class=\"_ _1\"></span>72<span class=\"_ _2\"></span>8<span class=\"_ _1\"></span>.1<span class=\"_ _383\"> </span></span>Modelled ECL, \u00a3m<span class=\"_ _216\"> </span><span class=\"ff2 ls81 wsdf\">5<span class=\"_ _1\"></span>4.4<span class=\"_ _9c\"> </span><span class=\"lse0 wse0\">41<span class=\"_ _1\"></span>.<span class=\"_ _1\"></span>7<span class=\"_ _93\"> </span><span class=\"ls7d wse2\">32.8<span class=\"_ _55\"> </span><span class=\"lsc6 wsc5\">7<span class=\"_ _1\"></span>9.<span class=\"_ _2\"></span>3<span class=\"_ _a9\"> </span><span class=\"ls7e ws16\">12<span class=\"_ _1\"></span>0.0<span class=\"_ _383\"> </span></span></span></span></span></span>Non-modelled ECL, \u00a3m<span class=\"_ _e7\"> </span><span class=\"ff2 ls7d wse2\">75.6<span class=\"_ _93\"> </span>75.<span class=\"_ _1\"></span>6<span class=\"_ _9d\"> </span>75.6<span class=\"_ _9d\"> </span>75.6<span class=\"_ _9d\"> </span>75.6<span class=\"_ _383\"> </span></span>T<span class=\"_ _8\"></span>otal ECL, \u00a3m<span class=\"_ _217\"> </span><span class=\"ff2 ls7e ws16\">130.0<span class=\"_ _59\"> </span><span class=\"lsc4 wsc3\">1<span class=\"_ _1\"></span>1<span class=\"_ _0\"></span>7.<span class=\"_ _0\"></span>3<span class=\"_ _91\"> </span><span class=\"ls81 wsdf\">1<span class=\"_ _1\"></span>0<span class=\"_ _1\"></span>8<span class=\"_ _1\"></span>.4<span class=\"_ _3e\"> </span><span class=\"lsc5 wsc4\">1<span class=\"_ _1\"></span>5<span class=\"_ _2\"></span>4<span class=\"_ _1\"></span>.9<span class=\"_ _91\"> </span><span class=\"ls11 ws6e\">195<span class=\"_ _1\"></span>.6<span class=\"_ _383\"> </span></span></span></span></span></span>ECL cov<span class=\"_ _6\"></span>erage<span class=\"_ _6\"></span>, %<span class=\"_ _218\"> </span><span class=\"ff2 ws6e\">0.55<span class=\"_ _9d\"> </span><span class=\"ls81 wsdf\">0.4<span class=\"_ _1\"></span>9<span class=\"_ _93\"> </span>0<span class=\"_ _1\"></span>.4<span class=\"_ _1\"></span>6<span class=\"_ _93\"> </span></span>0.6<span class=\"_ _1\"></span>5<span class=\"_ _59\"> </span>0.82<span class=\"_ _383\"> </span></span>As at 31-Dec-21<span class=\"_ _219\"> </span><span class=\"fs7 ls2\"> <span class=\"_ _11a\"> </span> <span class=\"_ _11a\"> </span> <span class=\"_ _21a\"> </span> <span class=\"_ _21a\"> </span> </span>T<span class=\"_ _8\"></span>otal loans befor<span class=\"_ _6\"></span>e pro<span class=\"_ _6\"></span>visions, \u00a3m<span class=\"_ _27\"> </span><span class=\"lsed wsf2\">2<span class=\"_ _2\"></span>1<span class=\"_ _1\"></span>,16<span class=\"_ _2\"></span>4.1<span class=\"_ _8e\"> </span>2<span class=\"_ _1\"></span>1<span class=\"_ _1\"></span>,1<span class=\"_ _1\"></span>6<span class=\"_ _1\"></span>4<span class=\"_ _1\"></span>.1<span class=\"_ _69\"> </span>2<span class=\"_ _2\"></span>1<span class=\"_ _1\"></span>,1<span class=\"_ _1\"></span>6<span class=\"_ _1\"></span>4.1<span class=\"_ _8e\"> </span>2<span class=\"_ _1\"></span>1<span class=\"_ _1\"></span>,1<span class=\"_ _1\"></span>6<span class=\"_ _1\"></span>4<span class=\"_ _1\"></span>.1<span class=\"_ _8e\"> </span>2<span class=\"_ _1\"></span>1<span class=\"_ _1\"></span>,1<span class=\"_ _1\"></span>6<span class=\"_ _1\"></span>4<span class=\"_ _1\"></span>.1<span class=\"_ _383\"> </span></span>Modelled ECL, \u00a3m<span class=\"_ _21b\"> </span><span class=\"ls2c ws29\">48.3<span class=\"_ _55\"> </span><span class=\"ls1e ws43\">26.5<span class=\"_ _1c2\"> </span><span class=\"lsed wsf2\">1<span class=\"_ _1\"></span>3<span class=\"_ _1\"></span>.1<span class=\"_ _4f\"> </span><span class=\"ls88 wse3\">74.<span class=\"_ _1\"></span>0<span class=\"_ _3b\"> </span><span class=\"ls12 wsf\">120.3<span class=\"_ _383\"> </span></span></span></span></span></span>Non-modelled ECL, \u00a3m<span class=\"_ _ee\"> </span><span class=\"ls2c ws29\">53.2<span class=\"_ _96\"> </span>53.2<span class=\"_ _96\"> </span>53.<span class=\"_ _1\"></span>2<span class=\"_ _96\"> </span>53.2<span class=\"_ _96\"> </span>53.2<span class=\"_ _383\"> </span></span>T<span class=\"_ _8\"></span>otal ECL, \u00a3m<span class=\"_ _160\"> </span><span class=\"ls6f ws75\">101.5<span class=\"_ _61\"> </span><span class=\"lse3 wse7\">79<span class=\"_ _6\"></span>.7<span class=\"_ _96\"> </span><span class=\"ls7a wsa1\">6<span class=\"_ _1\"></span>6.3<span class=\"_ _59\"> </span><span class=\"lsc8 wsc8\">1<span class=\"_ _1\"></span>2<span class=\"_ _0\"></span>7.<span class=\"_ _3\"> </span>2<span class=\"_ _59\"> </span><span class=\"ls38 ws35\">173<span class=\"_ _1\"></span>.<span class=\"_ _1\"></span>5<span class=\"_ _383\"> </span></span></span></span></span></span>ECL cov<span class=\"_ _6\"></span>erage<span class=\"_ _6\"></span>, %<span class=\"_ _21c\"> </span><span class=\"lsd7 wsd7\">0<span class=\"_ _1\"></span>.4<span class=\"_ _1\"></span>8<span class=\"_ _55\"> </span><span class=\"ls9f wsbc\">0.38<span class=\"_ _61\"> </span>0.3<span class=\"_ _1\"></span>1<span class=\"_ _9d\"> </span>0.<span class=\"_ _1\"></span>60<span class=\"_ _96\"> </span>0.82<span class=\"_ _383\"> </span></span></span>(i<span class=\"_ _1\"></span>i<span class=\"_ _1\"></span><span class=\"_ _383\">)\u2002Effe</span><span class=\"_ _1\"></span>cti<span class=\"_ _1\"></span>ve inte<span class=\"_ _1\"></span>re<span class=\"_ _1\"></span>st ra<span class=\"_ _1\"></span>te on le<span class=\"_ _1\"></span>ndi<span class=\"_ _1\"></span>ng<span class=\"_ _383\"> </span>Estimates ar<span class=\"_ _6\"></span>e made when calculating the EIR for ne<span class=\"_ _6\"></span>wly-originated loan assets<span class=\"_ _6\"></span>. These include the lik<span class=\"_ _8\"></span>ely customer redemption pro<span class=\"_ _6\"></span>\ufb01les. Mortgage products o<span class=\"_ _6\"></span><span class=\"_ _383\">ffered by the Gr</span><span class=\"_ _6\"></span>oup include directly attributable net f<span class=\"_ _6\"></span>ee income and a period on rev<span class=\"_ _6\"></span>ersion rat<span class=\"_ _6\"></span>es after the \ufb01xed/ discount period. Products r<span class=\"_ _6\"></span>ev<span class=\"_ _6\"></span>ert to the standard v<span class=\"_ _6\"></span>ariable rate (S<span class=\"_ _8\"></span>VR) or Base rate plus a margin f<span class=\"_ _6\"></span>or the Ken<span class=\"_ _6\"></span>t Reliance brand or a SONIA/Base rate plus a mar<span class=\"_ _6\"></span>gin for the Precise br<span class=\"_ _6\"></span>and. Subsequent to origination, changes in actual and e<span class=\"_ _6\"></span>xpected customer pr<span class=\"_ _6\"></span>epayment r<span class=\"_ _6\"></span>ates are r<span class=\"_ _6\"></span>e\ufb02ected as increases or decreases in the carrying value o<span class=\"_ _6\"></span>f loan assets with a corresponding incre<span class=\"_ _6\"></span>ase or decrease in inter<span class=\"_ _6\"></span>est income. The Gr<span class=\"_ _6\"></span>oup uses historical cus<span class=\"_ _6\"></span>tomer behaviours<span class=\"_ _6\"></span>, expected tak<span class=\"_ _8\"></span>e-up rate of r<span class=\"_ _6\"></span>etention pr<span class=\"_ _6\"></span>oducts and macroeconomic for<span class=\"_ _6\"></span>ecasts in its assessmen<span class=\"_ _6\"></span>t of expected pr<span class=\"_ _6\"></span>epayment r<span class=\"_ _6\"></span>ates. Cus<span class=\"_ _6\"></span>tomer prepayment<span class=\"_ _6\"></span>s in a \ufb01xed r<span class=\"_ _6\"></span>ate or incentive period can giv<span class=\"_ _8\"></span>e rise to Early Repayment Charge (ERC<span class=\"_ _6\"></span>) income.<span class=\"_ _383\"> </span>Judgement is used in assessing whether and for ho<span class=\"_ _8\"></span>w long mor<span class=\"_ _1\"></span>tgages that reach the end of the initial pr<span class=\"_ _6\"></span>oduct term stay on r<span class=\"_ _6\"></span>ev<span class=\"_ _6\"></span>ersion r<span class=\"_ _6\"></span>ates, and t<span class=\"_ _6\"></span>o the quantum and timing of pr<span class=\"_ _6\"></span>epayments that incur ERCs<span class=\"_ _6\"></span>. The estimate o<span class=\"_ _6\"></span>f customer w<span class=\"_ _6\"></span>eighted av<span class=\"_ _6\"></span>erage lif<span class=\"_ _6\"></span>e determines the period ov<span class=\"_ _6\"></span>er which net fee income and expected r<span class=\"_ _6\"></span>ev<span class=\"_ _6\"></span>ersionary income is recognised. Estimat<span class=\"_ _6\"></span>es are re<span class=\"_ _6\"></span>view<span class=\"_ _6\"></span>ed regularly and, as a consequence of the r<span class=\"_ _6\"></span>evie<span class=\"_ _6\"></span>ws<span class=\"_ _6\"></span>, adjustments with an adver<span class=\"_ _6\"></span>se impact of \u00a331.6m w<span class=\"_ _8\"></span>ere made in 2022 predominan<span class=\"_ _6\"></span>tly due to reducing the time Precise cus<span class=\"_ _6\"></span>tomers ar<span class=\"_ _6\"></span>e expected to spend on re<span class=\"_ _6\"></span>version r<span class=\"_ _6\"></span>ates (2<span class=\"_ _6\"></span>021: \u00a319<span class=\"_ _1f6\"></span>.0m fav<span class=\"_ _6\"></span>ourable<span class=\"_ _6\"></span>), decreasing net int<span class=\"_ _6\"></span>erest income and loans and adv<span class=\"_ _6\"></span>ances to customers<span class=\"_ _8\"></span>.<span class=\"_ _1\"></span> There w<span class=\"_ _6\"></span>ere a number of base r<span class=\"_ _6\"></span>ate rises in quick succession in 2022, increasing the sensitivity t<span class=\"_ _6\"></span>o changes in behavioural assumptions because higher re<span class=\"_ _6\"></span>version r<span class=\"_ _6\"></span>ates both incr<span class=\"_ _6\"></span>ease the income earned on loans in the re<span class=\"_ _6\"></span>version period and c<span class=\"_ _6\"></span>an lead to higher repayment r<span class=\"_ _8\"></span>ates and therefore less time spent on re<span class=\"_ _6\"></span>ver<span class=\"_ _6\"></span>sion.<span class=\"_ _383\"> </span>A three months<span class=\"_ _1f6\"></span>\u2019 reduction in the weight<span class=\"_ _6\"></span>ed aver<span class=\"_ _6\"></span>age lives of loans in the r<span class=\"_ _6\"></span>ev<span class=\"_ _6\"></span>ersion period w<span class=\"_ _6\"></span>as considered to be a r<span class=\"_ _6\"></span>easonably possible change in assumption based on observed changes in repaymen<span class=\"_ _6\"></span>t rates in r<span class=\"_ _6\"></span>ev<span class=\"_ _6\"></span>ersion periods o<span class=\"_ _6\"></span>ver the last tw<span class=\"_ _8\"></span>o years and what could happen to repayment rates in a high in<span class=\"_ _6\"></span>teres<span class=\"_ _6\"></span>t rate en<span class=\"_ _6\"></span>vironment and an uncertain macroeconomic outlook.<span class=\"_ _383\"> </span>The sensitivity has been applied to both the K<span class=\"_ _6\"></span>ent Reliance and the Pr<span class=\"_ _6\"></span>ecise portfolios. In pre<span class=\"_ _6\"></span>vious years the Precise portfolio sensitivity w<span class=\"_ _6\"></span>as split between loans originated pr<span class=\"_ _6\"></span>e and post the combination with CCFS on 4 Oct<span class=\"_ _6\"></span>ober 2019<span class=\"_ _1f6\"></span>. The combined sensitivity re\ufb02ects ho<span class=\"_ _6\"></span>w the Group no<span class=\"_ _6\"></span>w assesses customer behaviour in the portfolio<span class=\"_ _6\"></span>.  Applying a three month r<span class=\"_ _6\"></span>eduction to the expected w<span class=\"_ _8\"></span>eighted aver<span class=\"_ _6\"></span>age life of the loan book in the re<span class=\"_ _6\"></span>ver<span class=\"_ _6\"></span>sion period would r<span class=\"_ _6\"></span>esult in a reset loss of c. \u00a380<span class=\"_ _8\"></span>.8m in 2023 (2<span class=\"_ _6\"></span>021: c. \u00a345<span class=\"_ _6\"></span>.<span class=\"_ _1f6\"></span>9m on a six month basis in 2022).<span class=\"_ _383\"> </span>",
   "dimensions": {
    "concept": "ifrs-full:DisclosureOfAccountingJudgementsAndEstimatesExplanatory",
    "language": "en",
    "entity": "scheme:213800ZBKL9BHSL2K459",
    "period": "2022-01-01T00:00:00/2023-01-01T00:00:00"
   }
  },
  "fact-557": {
   "value": "Estimates<span class=\"_ _383\"> </span>The Group has made the follo<span class=\"_ _6\"></span>wing estimates in the application o<span class=\"_ _6\"></span>f the accounting policies that have a signi\ufb01can<span class=\"_ _6\"></span>t risk of material adjustmen<span class=\"_ _6\"></span>t to the carrying amount of asset<span class=\"_ _6\"></span>s and liabilities within the next \ufb01nancial year:<span class=\"_ _383\"> </span>(i<span class=\"_ _1\"></span><span class=\"_ _383\">)\u2002Lo</span><span class=\"_ _1\"></span>an b<span class=\"_ _1\"></span>ook i<span class=\"_ _1\"></span>mpa<span class=\"_ _1\"></span>irm<span class=\"_ _1\"></span>ent<span class=\"_ _1\"></span>s<span class=\"_ _383\"> </span>Set out below ar<span class=\"_ _6\"></span>e details of the critical accounting es<span class=\"_ _6\"></span>timates which underpin loan impairment calculations<span class=\"_ _6\"></span>. Less signi\ufb01c<span class=\"_ _6\"></span>ant estimates ar<span class=\"_ _6\"></span>e not discussed as they do not have a mat<span class=\"_ _6\"></span><span class=\"_ _383\">erial effect. The Group has r</span><span class=\"_ _6\"></span>ecognised total impairments o<span class=\"_ _6\"></span>f \u00a3130.<span class=\"_ _6\"></span>0m (2<span class=\"_ _6\"></span>021: \u00a3101.5m) at the reporting date as disclosed in note 23<span class=\"_ _6\"></span>.<span class=\"_ _383\"> </span>Modelled impairment<span class=\"_ _383\"> </span>Modelled pro<span class=\"_ _6\"></span>vision assessments ar<span class=\"_ _6\"></span>e also subject to estimation uncertainty, underpinned by a number of es<span class=\"_ _6\"></span>timates being made by management which are utilised within impairment c<span class=\"_ _6\"></span>alculations. K<span class=\"_ _8\"></span>ey areas of estimation within modelled pr<span class=\"_ _6\"></span>ovisioning calculations include those r<span class=\"_ _6\"></span>egarding the L<span class=\"_ _8\"></span>GD and forward-looking macroeconomic scenarios.<span class=\"_ _383\"> </span>Loss give<span class=\"_ _1\"></span>n defau<span class=\"_ _1\"></span>lt mo<span class=\"_ _1\"></span>de<span class=\"_ _1\"></span>l<span class=\"_ _383\"> </span>The Group has a number of L<span class=\"_ _8\"></span>GD models, which include es<span class=\"_ _6\"></span>timates regar<span class=\"_ _6\"></span>ding propensity to go t<span class=\"_ _6\"></span>o possession given def<span class=\"_ _6\"></span>ault (PPD), for<span class=\"_ _6\"></span>ced sale discount, time to sale and sale costs<span class=\"_ _8\"></span>. The LGD is sensitiv<span class=\"_ _6\"></span>e to the application of the HPI, with a 10% hair<span class=\"_ _6\"></span>cut seen to be a reasonable per<span class=\"_ _6\"></span>centage change when re<span class=\"_ _6\"></span>viewing hist<span class=\"_ _6\"></span>orical and expected 12 mon<span class=\"_ _6\"></span>th outcomes. The table belo<span class=\"_ _8\"></span>w shows the resulting incremen<span class=\"_ _6\"></span>tal pro<span class=\"_ _6\"></span>vision require<span class=\"_ _6\"></span>d of an 10% house price haircut being directly applied to all e<span class=\"_ _6\"></span>xposures which not only adjus<span class=\"_ _6\"></span>t the sale discount but the propensity to go t<span class=\"_ _6\"></span>o PPD<span class=\"_ _8\"></span>.<span class=\"_ _383\"> </span>OSB segment<span class=\"_ _21\"> </span>CCFS segment<span class=\"_ _18d\"> </span><span class=\"ws71\">Group<span class=\"_ _383\"> </span></span>31 Dec<span class=\"_ _1\"></span>ember 2022<span class=\"_ _215\"> </span><span class=\"ls7e ws16\">\u00a328<span class=\"_ _1\"></span>.0m<span class=\"_ _40\"> </span><span class=\"ls80 wsc7\">\u00a3<span class=\"_ _1\"></span>1<span class=\"_ _1\"></span>0<span class=\"_ _1\"></span>.<span class=\"_ _1\"></span>7m<span class=\"_ _6e\"> </span>\u00a3<span class=\"_ _1\"></span>3<span class=\"_ _1\"></span>8<span class=\"_ _2\"></span>.7m<span class=\"_ _383\"> </span></span></span>31 December 2021<span class=\"_ _1f2\"> </span><span class=\"lse3 wse7\">\u00a322.7m<span class=\"_ _70\"> </span><span class=\"lsf9 ws82\">\u00a38.3m<span class=\"_ _a1\"> </span></span></span><span class=\"ws6e\">\u00a3<span class=\"_ _1\"></span>31.0<span class=\"_ _1\"></span>m<span class=\"_ _383\"> </span></span>The Group<span class=\"_ _8\"></span>\u2019<span class=\"_ _6\"></span>s forecas<span class=\"_ _6\"></span>ts of HPI mo<span class=\"_ _6\"></span>vement<span class=\"_ _6\"></span>s used in the impairment models are disclose<span class=\"_ _6\"></span>d in the Risk pro\ufb01le performance re<span class=\"_ _8\"></span>view on page 71.<span class=\"_ _383\"> </span>Forwar<span class=\"_ _6\"></span>d-look<span class=\"_ _6\"></span>ing macr<span class=\"_ _6\"></span>oeconomic scenarios<span class=\"_ _383\"> </span>The forwar<span class=\"_ _6\"></span><span class=\"_ _383\">d-looking macroeconomic scenarios affect all model components of the ECL</span><span class=\"_ _6\"></span> thus the calculation remains sensitive t<span class=\"_ _6\"></span>o both the scenarios utilised and their associated probability w<span class=\"_ _6\"></span>eightings<span class=\"_ _6\"></span>.<span class=\"_ _383\"> </span>The Company has adopted an approach which utilises f<span class=\"_ _6\"></span>our macroeconomic scenarios. These scenarios are pro<span class=\"_ _8\"></span>vided by an industry leading economics advisory \ufb01rm, that provide managemen<span class=\"_ _6\"></span>t and the Board with advice on which scenarios to utilise and the probability w<span class=\"_ _6\"></span>eightings to attach to each scenario. A base c<span class=\"_ _6\"></span>ase forecast is pr<span class=\"_ _6\"></span>ovided, t<span class=\"_ _6\"></span>ogether with a plausible upside scenario. T<span class=\"_ _8\"></span>wo do<span class=\"_ _6\"></span>wnside scenarios are also pro<span class=\"_ _6\"></span>vided (do<span class=\"_ _6\"></span>wnside and a sev<span class=\"_ _6\"></span>ere do<span class=\"_ _6\"></span>wnside).<span class=\"_ _1f6\"></span>The Group<span class=\"_ _8\"></span>\u2019<span class=\"_ _6\"></span>s macroeconomic scenarios can be found in the Credit Risk section of the Risk pr<span class=\"_ _6\"></span>o\ufb01le performance ov<span class=\"_ _6\"></span>erview on page 71.<span class=\"_ _383\"> </span>The following t<span class=\"_ _6\"></span>ables detail the ECL scenario sensitivity analysis with each scenario w<span class=\"_ _6\"></span>eighted at 100% probability. The purpose o<span class=\"_ _6\"></span>f using multiple economic scenarios is to model the non-linear impact of assumptions surrounding macr<span class=\"_ _6\"></span>oeconomic factors and ECL c<span class=\"_ _6\"></span>alculated:<span class=\"_ _383\"> </span>As at 31-Dec-22<span class=\"_ _383\"> </span>W<span class=\"_ _8\"></span>eighted (se<span class=\"_ _1\"></span>e note 23)<span class=\"_ _383\"> </span>100% Base case scenario<span class=\"_ _383\"> </span>100% Upside scenario<span class=\"_ _383\"> </span>100% Downside scenario<span class=\"_ _383\"> </span>100% Sever<span class=\"_ _6\"></span>e downside scenario<span class=\"_ _383\"> </span>T<span class=\"_ _8\"></span>otal loans befor<span class=\"_ _6\"></span>e pro<span class=\"_ _6\"></span>visions, \u00a3m<span class=\"_ _17a\"> </span><span class=\"ff2 lsc3 wsc2\">2<span class=\"_ _1\"></span>3<span class=\"_ _2\"></span>,<span class=\"_ _1\"></span>7<span class=\"_ _1\"></span>2<span class=\"_ _1\"></span>8<span class=\"_ _2\"></span>.1<span class=\"_ _a6\"> </span>2<span class=\"_ _1\"></span>3<span class=\"_ _1\"></span>,<span class=\"_ _2\"></span>72<span class=\"_ _2\"></span>8<span class=\"_ _1\"></span>.1<span class=\"_ _a6\"> </span>2<span class=\"_ _1\"></span>3<span class=\"_ _2\"></span>,<span class=\"_ _1\"></span>7<span class=\"_ _1\"></span>2<span class=\"_ _2\"></span>8<span class=\"_ _1\"></span>.1<span class=\"_ _a6\"> </span>2<span class=\"_ _1\"></span>3<span class=\"_ _2\"></span>,<span class=\"_ _1\"></span>7<span class=\"_ _1\"></span>2<span class=\"_ _1\"></span>8<span class=\"_ _2\"></span>.1<span class=\"_ _a6\"> </span>2<span class=\"_ _1\"></span>3<span class=\"_ _2\"></span>,<span class=\"_ _1\"></span>72<span class=\"_ _2\"></span>8<span class=\"_ _1\"></span>.1<span class=\"_ _383\"> </span></span>Modelled ECL, \u00a3m<span class=\"_ _216\"> </span><span class=\"ff2 ls81 wsdf\">5<span class=\"_ _1\"></span>4.4<span class=\"_ _9c\"> </span><span class=\"lse0 wse0\">41<span class=\"_ _1\"></span>.<span class=\"_ _1\"></span>7<span class=\"_ _93\"> </span><span class=\"ls7d wse2\">32.8<span class=\"_ _55\"> </span><span class=\"lsc6 wsc5\">7<span class=\"_ _1\"></span>9.<span class=\"_ _2\"></span>3<span class=\"_ _a9\"> </span><span class=\"ls7e ws16\">12<span class=\"_ _1\"></span>0.0<span class=\"_ _383\"> </span></span></span></span></span></span>Non-modelled ECL, \u00a3m<span class=\"_ _e7\"> </span><span class=\"ff2 ls7d wse2\">75.6<span class=\"_ _93\"> </span>75.<span class=\"_ _1\"></span>6<span class=\"_ _9d\"> </span>75.6<span class=\"_ _9d\"> </span>75.6<span class=\"_ _9d\"> </span>75.6<span class=\"_ _383\"> </span></span>T<span class=\"_ _8\"></span>otal ECL, \u00a3m<span class=\"_ _217\"> </span><span class=\"ff2 ls7e ws16\">130.0<span class=\"_ _59\"> </span><span class=\"lsc4 wsc3\">1<span class=\"_ _1\"></span>1<span class=\"_ _0\"></span>7.<span class=\"_ _0\"></span>3<span class=\"_ _91\"> </span><span class=\"ls81 wsdf\">1<span class=\"_ _1\"></span>0<span class=\"_ _1\"></span>8<span class=\"_ _1\"></span>.4<span class=\"_ _3e\"> </span><span class=\"lsc5 wsc4\">1<span class=\"_ _1\"></span>5<span class=\"_ _2\"></span>4<span class=\"_ _1\"></span>.9<span class=\"_ _91\"> </span><span class=\"ls11 ws6e\">195<span class=\"_ _1\"></span>.6<span class=\"_ _383\"> </span></span></span></span></span></span>ECL cov<span class=\"_ _6\"></span>erage<span class=\"_ _6\"></span>, %<span class=\"_ _218\"> </span><span class=\"ff2 ws6e\">0.55<span class=\"_ _9d\"> </span><span class=\"ls81 wsdf\">0.4<span class=\"_ _1\"></span>9<span class=\"_ _93\"> </span>0<span class=\"_ _1\"></span>.4<span class=\"_ _1\"></span>6<span class=\"_ _93\"> </span></span>0.6<span class=\"_ _1\"></span>5<span class=\"_ _59\"> </span>0.82<span class=\"_ _383\"> </span></span>As at 31-Dec-21<span class=\"_ _219\"> </span><span class=\"fs7 ls2\"> <span class=\"_ _11a\"> </span> <span class=\"_ _11a\"> </span> <span class=\"_ _21a\"> </span> <span class=\"_ _21a\"> </span> </span>T<span class=\"_ _8\"></span>otal loans befor<span class=\"_ _6\"></span>e pro<span class=\"_ _6\"></span>visions, \u00a3m<span class=\"_ _27\"> </span><span class=\"lsed wsf2\">2<span class=\"_ _2\"></span>1<span class=\"_ _1\"></span>,16<span class=\"_ _2\"></span>4.1<span class=\"_ _8e\"> </span>2<span class=\"_ _1\"></span>1<span class=\"_ _1\"></span>,1<span class=\"_ _1\"></span>6<span class=\"_ _1\"></span>4<span class=\"_ _1\"></span>.1<span class=\"_ _69\"> </span>2<span class=\"_ _2\"></span>1<span class=\"_ _1\"></span>,1<span class=\"_ _1\"></span>6<span class=\"_ _1\"></span>4.1<span class=\"_ _8e\"> </span>2<span class=\"_ _1\"></span>1<span class=\"_ _1\"></span>,1<span class=\"_ _1\"></span>6<span class=\"_ _1\"></span>4<span class=\"_ _1\"></span>.1<span class=\"_ _8e\"> </span>2<span class=\"_ _1\"></span>1<span class=\"_ _1\"></span>,1<span class=\"_ _1\"></span>6<span class=\"_ _1\"></span>4<span class=\"_ _1\"></span>.1<span class=\"_ _383\"> </span></span>Modelled ECL, \u00a3m<span class=\"_ _21b\"> </span><span class=\"ls2c ws29\">48.3<span class=\"_ _55\"> </span><span class=\"ls1e ws43\">26.5<span class=\"_ _1c2\"> </span><span class=\"lsed wsf2\">1<span class=\"_ _1\"></span>3<span class=\"_ _1\"></span>.1<span class=\"_ _4f\"> </span><span class=\"ls88 wse3\">74.<span class=\"_ _1\"></span>0<span class=\"_ _3b\"> </span><span class=\"ls12 wsf\">120.3<span class=\"_ _383\"> </span></span></span></span></span></span>Non-modelled ECL, \u00a3m<span class=\"_ _ee\"> </span><span class=\"ls2c ws29\">53.2<span class=\"_ _96\"> </span>53.2<span class=\"_ _96\"> </span>53.<span class=\"_ _1\"></span>2<span class=\"_ _96\"> </span>53.2<span class=\"_ _96\"> </span>53.2<span class=\"_ _383\"> </span></span>T<span class=\"_ _8\"></span>otal ECL, \u00a3m<span class=\"_ _160\"> </span><span class=\"ls6f ws75\">101.5<span class=\"_ _61\"> </span><span class=\"lse3 wse7\">79<span class=\"_ _6\"></span>.7<span class=\"_ _96\"> </span><span class=\"ls7a wsa1\">6<span class=\"_ _1\"></span>6.3<span class=\"_ _59\"> </span><span class=\"lsc8 wsc8\">1<span class=\"_ _1\"></span>2<span class=\"_ _0\"></span>7.<span class=\"_ _3\"> </span>2<span class=\"_ _59\"> </span><span class=\"ls38 ws35\">173<span class=\"_ _1\"></span>.<span class=\"_ _1\"></span>5<span class=\"_ _383\"> </span></span></span></span></span></span>ECL cov<span class=\"_ _6\"></span>erage<span class=\"_ _6\"></span>, %<span class=\"_ _21c\"> </span><span class=\"lsd7 wsd7\">0<span class=\"_ _1\"></span>.4<span class=\"_ _1\"></span>8<span class=\"_ _55\"> </span><span class=\"ls9f wsbc\">0.38<span class=\"_ _61\"> </span>0.3<span class=\"_ _1\"></span>1<span class=\"_ _9d\"> </span>0.<span class=\"_ _1\"></span>60<span class=\"_ _96\"> </span>0.82<span class=\"_ _383\"> </span></span></span>(i<span class=\"_ _1\"></span>i<span class=\"_ _1\"></span><span class=\"_ _383\">)\u2002Effe</span><span class=\"_ _1\"></span>cti<span class=\"_ _1\"></span>ve inte<span class=\"_ _1\"></span>re<span class=\"_ _1\"></span>st ra<span class=\"_ _1\"></span>te on le<span class=\"_ _1\"></span>ndi<span class=\"_ _1\"></span>ng<span class=\"_ _383\"> </span>Estimates ar<span class=\"_ _6\"></span>e made when calculating the EIR for ne<span class=\"_ _6\"></span>wly-originated loan assets<span class=\"_ _6\"></span>. These include the lik<span class=\"_ _8\"></span>ely customer redemption pro<span class=\"_ _6\"></span>\ufb01les. Mortgage products o<span class=\"_ _6\"></span><span class=\"_ _383\">ffered by the Gr</span><span class=\"_ _6\"></span>oup include directly attributable net f<span class=\"_ _6\"></span>ee income and a period on rev<span class=\"_ _6\"></span>ersion rat<span class=\"_ _6\"></span>es after the \ufb01xed/ discount period. Products r<span class=\"_ _6\"></span>ev<span class=\"_ _6\"></span>ert to the standard v<span class=\"_ _6\"></span>ariable rate (S<span class=\"_ _8\"></span>VR) or Base rate plus a margin f<span class=\"_ _6\"></span>or the Ken<span class=\"_ _6\"></span>t Reliance brand or a SONIA/Base rate plus a mar<span class=\"_ _6\"></span>gin for the Precise br<span class=\"_ _6\"></span>and. Subsequent to origination, changes in actual and e<span class=\"_ _6\"></span>xpected customer pr<span class=\"_ _6\"></span>epayment r<span class=\"_ _6\"></span>ates are r<span class=\"_ _6\"></span>e\ufb02ected as increases or decreases in the carrying value o<span class=\"_ _6\"></span>f loan assets with a corresponding incre<span class=\"_ _6\"></span>ase or decrease in inter<span class=\"_ _6\"></span>est income. The Gr<span class=\"_ _6\"></span>oup uses historical cus<span class=\"_ _6\"></span>tomer behaviours<span class=\"_ _6\"></span>, expected tak<span class=\"_ _8\"></span>e-up rate of r<span class=\"_ _6\"></span>etention pr<span class=\"_ _6\"></span>oducts and macroeconomic for<span class=\"_ _6\"></span>ecasts in its assessmen<span class=\"_ _6\"></span>t of expected pr<span class=\"_ _6\"></span>epayment r<span class=\"_ _6\"></span>ates. Cus<span class=\"_ _6\"></span>tomer prepayment<span class=\"_ _6\"></span>s in a \ufb01xed r<span class=\"_ _6\"></span>ate or incentive period can giv<span class=\"_ _8\"></span>e rise to Early Repayment Charge (ERC<span class=\"_ _6\"></span>) income.<span class=\"_ _383\"> </span>Judgement is used in assessing whether and for ho<span class=\"_ _8\"></span>w long mor<span class=\"_ _1\"></span>tgages that reach the end of the initial pr<span class=\"_ _6\"></span>oduct term stay on r<span class=\"_ _6\"></span>ev<span class=\"_ _6\"></span>ersion r<span class=\"_ _6\"></span>ates, and t<span class=\"_ _6\"></span>o the quantum and timing of pr<span class=\"_ _6\"></span>epayments that incur ERCs<span class=\"_ _6\"></span>. The estimate o<span class=\"_ _6\"></span>f customer w<span class=\"_ _6\"></span>eighted av<span class=\"_ _6\"></span>erage lif<span class=\"_ _6\"></span>e determines the period ov<span class=\"_ _6\"></span>er which net fee income and expected r<span class=\"_ _6\"></span>ev<span class=\"_ _6\"></span>ersionary income is recognised. Estimat<span class=\"_ _6\"></span>es are re<span class=\"_ _6\"></span>view<span class=\"_ _6\"></span>ed regularly and, as a consequence of the r<span class=\"_ _6\"></span>evie<span class=\"_ _6\"></span>ws<span class=\"_ _6\"></span>, adjustments with an adver<span class=\"_ _6\"></span>se impact of \u00a331.6m w<span class=\"_ _8\"></span>ere made in 2022 predominan<span class=\"_ _6\"></span>tly due to reducing the time Precise cus<span class=\"_ _6\"></span>tomers ar<span class=\"_ _6\"></span>e expected to spend on re<span class=\"_ _6\"></span>version r<span class=\"_ _6\"></span>ates (2<span class=\"_ _6\"></span>021: \u00a319<span class=\"_ _1f6\"></span>.0m fav<span class=\"_ _6\"></span>ourable<span class=\"_ _6\"></span>), decreasing net int<span class=\"_ _6\"></span>erest income and loans and adv<span class=\"_ _6\"></span>ances to customers<span class=\"_ _8\"></span>.<span class=\"_ _1\"></span> There w<span class=\"_ _6\"></span>ere a number of base r<span class=\"_ _6\"></span>ate rises in quick succession in 2022, increasing the sensitivity t<span class=\"_ _6\"></span>o changes in behavioural assumptions because higher re<span class=\"_ _6\"></span>version r<span class=\"_ _6\"></span>ates both incr<span class=\"_ _6\"></span>ease the income earned on loans in the re<span class=\"_ _6\"></span>version period and c<span class=\"_ _6\"></span>an lead to higher repayment r<span class=\"_ _8\"></span>ates and therefore less time spent on re<span class=\"_ _6\"></span>ver<span class=\"_ _6\"></span>sion.<span class=\"_ _383\"> </span>A three months<span class=\"_ _1f6\"></span>\u2019 reduction in the weight<span class=\"_ _6\"></span>ed aver<span class=\"_ _6\"></span>age lives of loans in the r<span class=\"_ _6\"></span>ev<span class=\"_ _6\"></span>ersion period w<span class=\"_ _6\"></span>as considered to be a r<span class=\"_ _6\"></span>easonably possible change in assumption based on observed changes in repaymen<span class=\"_ _6\"></span>t rates in r<span class=\"_ _6\"></span>ev<span class=\"_ _6\"></span>ersion periods o<span class=\"_ _6\"></span>ver the last tw<span class=\"_ _8\"></span>o years and what could happen to repayment rates in a high in<span class=\"_ _6\"></span>teres<span class=\"_ _6\"></span>t rate en<span class=\"_ _6\"></span>vironment and an uncertain macroeconomic outlook.<span class=\"_ _383\"> </span>The sensitivity has been applied to both the K<span class=\"_ _6\"></span>ent Reliance and the Pr<span class=\"_ _6\"></span>ecise portfolios. In pre<span class=\"_ _6\"></span>vious years the Precise portfolio sensitivity w<span class=\"_ _6\"></span>as split between loans originated pr<span class=\"_ _6\"></span>e and post the combination with CCFS on 4 Oct<span class=\"_ _6\"></span>ober 2019<span class=\"_ _1f6\"></span>. The combined sensitivity re\ufb02ects ho<span class=\"_ _6\"></span>w the Group no<span class=\"_ _6\"></span>w assesses customer behaviour in the portfolio<span class=\"_ _6\"></span>.  Applying a three month r<span class=\"_ _6\"></span>eduction to the expected w<span class=\"_ _8\"></span>eighted aver<span class=\"_ _6\"></span>age life of the loan book in the re<span class=\"_ _6\"></span>ver<span class=\"_ _6\"></span>sion period would r<span class=\"_ _6\"></span>esult in a reset loss of c. \u00a380<span class=\"_ _8\"></span>.8m in 2023 (2<span class=\"_ _6\"></span>021: c. \u00a345<span class=\"_ _6\"></span>.<span class=\"_ _1f6\"></span>9m on a six month basis in 2022).<span class=\"_ _383\"> </span>",
   "dimensions": {
    "concept": "ifrs-full:ExplanationOfAssumptionAboutFutureWithSignificantRiskOfResultingInMaterialAdjustments",
    "language": "en",
    "entity": "scheme:213800ZBKL9BHSL2K459",
    "period": "2022-01-01T00:00:00/2023-01-01T00:00:00"
   }
  },
  "fact-592": {
   "value": "Estimates<span class=\"_ _383\"> </span>The Group has made the follo<span class=\"_ _6\"></span>wing estimates in the application o<span class=\"_ _6\"></span>f the accounting policies that have a signi\ufb01can<span class=\"_ _6\"></span>t risk of material adjustmen<span class=\"_ _6\"></span>t to the carrying amount of asset<span class=\"_ _6\"></span>s and liabilities within the next \ufb01nancial year:<span class=\"_ _383\"> </span>(i<span class=\"_ _1\"></span><span class=\"_ _383\">)\u2002Lo</span><span class=\"_ _1\"></span>an b<span class=\"_ _1\"></span>ook i<span class=\"_ _1\"></span>mpa<span class=\"_ _1\"></span>irm<span class=\"_ _1\"></span>ent<span class=\"_ _1\"></span>s<span class=\"_ _383\"> </span>Set out below ar<span class=\"_ _6\"></span>e details of the critical accounting es<span class=\"_ _6\"></span>timates which underpin loan impairment calculations<span class=\"_ _6\"></span>. Less signi\ufb01c<span class=\"_ _6\"></span>ant estimates ar<span class=\"_ _6\"></span>e not discussed as they do not have a mat<span class=\"_ _6\"></span><span class=\"_ _383\">erial effect. The Group has r</span><span class=\"_ _6\"></span>ecognised total impairments o<span class=\"_ _6\"></span>f \u00a3130.<span class=\"_ _6\"></span>0m (2<span class=\"_ _6\"></span>021: \u00a3101.5m) at the reporting date as disclosed in note 23<span class=\"_ _6\"></span>.<span class=\"_ _383\"> </span>Modelled impairment<span class=\"_ _383\"> </span>Modelled pro<span class=\"_ _6\"></span>vision assessments ar<span class=\"_ _6\"></span>e also subject to estimation uncertainty, underpinned by a number of es<span class=\"_ _6\"></span>timates being made by management which are utilised within impairment c<span class=\"_ _6\"></span>alculations. K<span class=\"_ _8\"></span>ey areas of estimation within modelled pr<span class=\"_ _6\"></span>ovisioning calculations include those r<span class=\"_ _6\"></span>egarding the L<span class=\"_ _8\"></span>GD and forward-looking macroeconomic scenarios.<span class=\"_ _383\"> </span>Loss give<span class=\"_ _1\"></span>n defau<span class=\"_ _1\"></span>lt mo<span class=\"_ _1\"></span>de<span class=\"_ _1\"></span>l<span class=\"_ _383\"> </span>The Group has a number of L<span class=\"_ _8\"></span>GD models, which include es<span class=\"_ _6\"></span>timates regar<span class=\"_ _6\"></span>ding propensity to go t<span class=\"_ _6\"></span>o possession given def<span class=\"_ _6\"></span>ault (PPD), for<span class=\"_ _6\"></span>ced sale discount, time to sale and sale costs<span class=\"_ _8\"></span>. The LGD is sensitiv<span class=\"_ _6\"></span>e to the application of the HPI, with a 10% hair<span class=\"_ _6\"></span>cut seen to be a reasonable per<span class=\"_ _6\"></span>centage change when re<span class=\"_ _6\"></span>viewing hist<span class=\"_ _6\"></span>orical and expected 12 mon<span class=\"_ _6\"></span>th outcomes. The table belo<span class=\"_ _8\"></span>w shows the resulting incremen<span class=\"_ _6\"></span>tal pro<span class=\"_ _6\"></span>vision require<span class=\"_ _6\"></span>d of an 10% house price haircut being directly applied to all e<span class=\"_ _6\"></span>xposures which not only adjus<span class=\"_ _6\"></span>t the sale discount but the propensity to go t<span class=\"_ _6\"></span>o PPD<span class=\"_ _8\"></span>.<span class=\"_ _383\"> </span>OSB segment<span class=\"_ _21\"> </span>CCFS segment<span class=\"_ _18d\"> </span><span class=\"ws71\">Group<span class=\"_ _383\"> </span></span>31 Dec<span class=\"_ _1\"></span>ember 2022<span class=\"_ _215\"> </span><span class=\"ls7e ws16\">\u00a328<span class=\"_ _1\"></span>.0m<span class=\"_ _40\"> </span><span class=\"ls80 wsc7\">\u00a3<span class=\"_ _1\"></span>1<span class=\"_ _1\"></span>0<span class=\"_ _1\"></span>.<span class=\"_ _1\"></span>7m<span class=\"_ _6e\"> </span>\u00a3<span class=\"_ _1\"></span>3<span class=\"_ _1\"></span>8<span class=\"_ _2\"></span>.7m<span class=\"_ _383\"> </span></span></span>31 December 2021<span class=\"_ _1f2\"> </span><span class=\"lse3 wse7\">\u00a322.7m<span class=\"_ _70\"> </span><span class=\"lsf9 ws82\">\u00a38.3m<span class=\"_ _a1\"> </span></span></span><span class=\"ws6e\">\u00a3<span class=\"_ _1\"></span>31.0<span class=\"_ _1\"></span>m<span class=\"_ _383\"> </span></span>The Group<span class=\"_ _8\"></span>\u2019<span class=\"_ _6\"></span>s forecas<span class=\"_ _6\"></span>ts of HPI mo<span class=\"_ _6\"></span>vement<span class=\"_ _6\"></span>s used in the impairment models are disclose<span class=\"_ _6\"></span>d in the Risk pro\ufb01le performance re<span class=\"_ _8\"></span>view on page 71.<span class=\"_ _383\"> </span>Forwar<span class=\"_ _6\"></span>d-look<span class=\"_ _6\"></span>ing macr<span class=\"_ _6\"></span>oeconomic scenarios<span class=\"_ _383\"> </span>The forwar<span class=\"_ _6\"></span><span class=\"_ _383\">d-looking macroeconomic scenarios affect all model components of the ECL</span><span class=\"_ _6\"></span> thus the calculation remains sensitive t<span class=\"_ _6\"></span>o both the scenarios utilised and their associated probability w<span class=\"_ _6\"></span>eightings<span class=\"_ _6\"></span>.<span class=\"_ _383\"> </span>The Company has adopted an approach which utilises f<span class=\"_ _6\"></span>our macroeconomic scenarios. These scenarios are pro<span class=\"_ _8\"></span>vided by an industry leading economics advisory \ufb01rm, that provide managemen<span class=\"_ _6\"></span>t and the Board with advice on which scenarios to utilise and the probability w<span class=\"_ _6\"></span>eightings to attach to each scenario. A base c<span class=\"_ _6\"></span>ase forecast is pr<span class=\"_ _6\"></span>ovided, t<span class=\"_ _6\"></span>ogether with a plausible upside scenario. T<span class=\"_ _8\"></span>wo do<span class=\"_ _6\"></span>wnside scenarios are also pro<span class=\"_ _6\"></span>vided (do<span class=\"_ _6\"></span>wnside and a sev<span class=\"_ _6\"></span>ere do<span class=\"_ _6\"></span>wnside).<span class=\"_ _1f6\"></span>The Group<span class=\"_ _8\"></span>\u2019<span class=\"_ _6\"></span>s macroeconomic scenarios can be found in the Credit Risk section of the Risk pr<span class=\"_ _6\"></span>o\ufb01le performance ov<span class=\"_ _6\"></span>erview on page 71.<span class=\"_ _383\"> </span>The following t<span class=\"_ _6\"></span>ables detail the ECL scenario sensitivity analysis with each scenario w<span class=\"_ _6\"></span>eighted at 100% probability. The purpose o<span class=\"_ _6\"></span>f using multiple economic scenarios is to model the non-linear impact of assumptions surrounding macr<span class=\"_ _6\"></span>oeconomic factors and ECL c<span class=\"_ _6\"></span>alculated:<span class=\"_ _383\"> </span>As at 31-Dec-22<span class=\"_ _383\"> </span>W<span class=\"_ _8\"></span>eighted (se<span class=\"_ _1\"></span>e note 23)<span class=\"_ _383\"> </span>100% Base case scenario<span class=\"_ _383\"> </span>100% Upside scenario<span class=\"_ _383\"> </span>100% Downside scenario<span class=\"_ _383\"> </span>100% Sever<span class=\"_ _6\"></span>e downside scenario<span class=\"_ _383\"> </span>T<span class=\"_ _8\"></span>otal loans befor<span class=\"_ _6\"></span>e pro<span class=\"_ _6\"></span>visions, \u00a3m<span class=\"_ _17a\"> </span><span class=\"ff2 lsc3 wsc2\">2<span class=\"_ _1\"></span>3<span class=\"_ _2\"></span>,<span class=\"_ _1\"></span>7<span class=\"_ _1\"></span>2<span class=\"_ _1\"></span>8<span class=\"_ _2\"></span>.1<span class=\"_ _a6\"> </span>2<span class=\"_ _1\"></span>3<span class=\"_ _1\"></span>,<span class=\"_ _2\"></span>72<span class=\"_ _2\"></span>8<span class=\"_ _1\"></span>.1<span class=\"_ _a6\"> </span>2<span class=\"_ _1\"></span>3<span class=\"_ _2\"></span>,<span class=\"_ _1\"></span>7<span class=\"_ _1\"></span>2<span class=\"_ _2\"></span>8<span class=\"_ _1\"></span>.1<span class=\"_ _a6\"> </span>2<span class=\"_ _1\"></span>3<span class=\"_ _2\"></span>,<span class=\"_ _1\"></span>7<span class=\"_ _1\"></span>2<span class=\"_ _1\"></span>8<span class=\"_ _2\"></span>.1<span class=\"_ _a6\"> </span>2<span class=\"_ _1\"></span>3<span class=\"_ _2\"></span>,<span class=\"_ _1\"></span>72<span class=\"_ _2\"></span>8<span class=\"_ _1\"></span>.1<span class=\"_ _383\"> </span></span>Modelled ECL, \u00a3m<span class=\"_ _216\"> </span><span class=\"ff2 ls81 wsdf\">5<span class=\"_ _1\"></span>4.4<span class=\"_ _9c\"> </span><span class=\"lse0 wse0\">41<span class=\"_ _1\"></span>.<span class=\"_ _1\"></span>7<span class=\"_ _93\"> </span><span class=\"ls7d wse2\">32.8<span class=\"_ _55\"> </span><span class=\"lsc6 wsc5\">7<span class=\"_ _1\"></span>9.<span class=\"_ _2\"></span>3<span class=\"_ _a9\"> </span><span class=\"ls7e ws16\">12<span class=\"_ _1\"></span>0.0<span class=\"_ _383\"> </span></span></span></span></span></span>Non-modelled ECL, \u00a3m<span class=\"_ _e7\"> </span><span class=\"ff2 ls7d wse2\">75.6<span class=\"_ _93\"> </span>75.<span class=\"_ _1\"></span>6<span class=\"_ _9d\"> </span>75.6<span class=\"_ _9d\"> </span>75.6<span class=\"_ _9d\"> </span>75.6<span class=\"_ _383\"> </span></span>T<span class=\"_ _8\"></span>otal ECL, \u00a3m<span class=\"_ _217\"> </span><span class=\"ff2 ls7e ws16\">130.0<span class=\"_ _59\"> </span><span class=\"lsc4 wsc3\">1<span class=\"_ _1\"></span>1<span class=\"_ _0\"></span>7.<span class=\"_ _0\"></span>3<span class=\"_ _91\"> </span><span class=\"ls81 wsdf\">1<span class=\"_ _1\"></span>0<span class=\"_ _1\"></span>8<span class=\"_ _1\"></span>.4<span class=\"_ _3e\"> </span><span class=\"lsc5 wsc4\">1<span class=\"_ _1\"></span>5<span class=\"_ _2\"></span>4<span class=\"_ _1\"></span>.9<span class=\"_ _91\"> </span><span class=\"ls11 ws6e\">195<span class=\"_ _1\"></span>.6<span class=\"_ _383\"> </span></span></span></span></span></span>ECL cov<span class=\"_ _6\"></span>erage<span class=\"_ _6\"></span>, %<span class=\"_ _218\"> </span><span class=\"ff2 ws6e\">0.55<span class=\"_ _9d\"> </span><span class=\"ls81 wsdf\">0.4<span class=\"_ _1\"></span>9<span class=\"_ _93\"> </span>0<span class=\"_ _1\"></span>.4<span class=\"_ _1\"></span>6<span class=\"_ _93\"> </span></span>0.6<span class=\"_ _1\"></span>5<span class=\"_ _59\"> </span>0.82<span class=\"_ _383\"> </span></span>As at 31-Dec-21<span class=\"_ _219\"> </span><span class=\"fs7 ls2\"> <span class=\"_ _11a\"> </span> <span class=\"_ _11a\"> </span> <span class=\"_ _21a\"> </span> <span class=\"_ _21a\"> </span> </span>T<span class=\"_ _8\"></span>otal loans befor<span class=\"_ _6\"></span>e pro<span class=\"_ _6\"></span>visions, \u00a3m<span class=\"_ _27\"> </span><span class=\"lsed wsf2\">2<span class=\"_ _2\"></span>1<span class=\"_ _1\"></span>,16<span class=\"_ _2\"></span>4.1<span class=\"_ _8e\"> </span>2<span class=\"_ _1\"></span>1<span class=\"_ _1\"></span>,1<span class=\"_ _1\"></span>6<span class=\"_ _1\"></span>4<span class=\"_ _1\"></span>.1<span class=\"_ _69\"> </span>2<span class=\"_ _2\"></span>1<span class=\"_ _1\"></span>,1<span class=\"_ _1\"></span>6<span class=\"_ _1\"></span>4.1<span class=\"_ _8e\"> </span>2<span class=\"_ _1\"></span>1<span class=\"_ _1\"></span>,1<span class=\"_ _1\"></span>6<span class=\"_ _1\"></span>4<span class=\"_ _1\"></span>.1<span class=\"_ _8e\"> </span>2<span class=\"_ _1\"></span>1<span class=\"_ _1\"></span>,1<span class=\"_ _1\"></span>6<span class=\"_ _1\"></span>4<span class=\"_ _1\"></span>.1<span class=\"_ _383\"> </span></span>Modelled ECL, \u00a3m<span class=\"_ _21b\"> </span><span class=\"ls2c ws29\">48.3<span class=\"_ _55\"> </span><span class=\"ls1e ws43\">26.5<span class=\"_ _1c2\"> </span><span class=\"lsed wsf2\">1<span class=\"_ _1\"></span>3<span class=\"_ _1\"></span>.1<span class=\"_ _4f\"> </span><span class=\"ls88 wse3\">74.<span class=\"_ _1\"></span>0<span class=\"_ _3b\"> </span><span class=\"ls12 wsf\">120.3<span class=\"_ _383\"> </span></span></span></span></span></span>Non-modelled ECL, \u00a3m<span class=\"_ _ee\"> </span><span class=\"ls2c ws29\">53.2<span class=\"_ _96\"> </span>53.2<span class=\"_ _96\"> </span>53.<span class=\"_ _1\"></span>2<span class=\"_ _96\"> </span>53.2<span class=\"_ _96\"> </span>53.2<span class=\"_ _383\"> </span></span>T<span class=\"_ _8\"></span>otal ECL, \u00a3m<span class=\"_ _160\"> </span><span class=\"ls6f ws75\">101.5<span class=\"_ _61\"> </span><span class=\"lse3 wse7\">79<span class=\"_ _6\"></span>.7<span class=\"_ _96\"> </span><span class=\"ls7a wsa1\">6<span class=\"_ _1\"></span>6.3<span class=\"_ _59\"> </span><span class=\"lsc8 wsc8\">1<span class=\"_ _1\"></span>2<span class=\"_ _0\"></span>7.<span class=\"_ _3\"> </span>2<span class=\"_ _59\"> </span><span class=\"ls38 ws35\">173<span class=\"_ _1\"></span>.<span class=\"_ _1\"></span>5<span class=\"_ _383\"> </span></span></span></span></span></span>ECL cov<span class=\"_ _6\"></span>erage<span class=\"_ _6\"></span>, %<span class=\"_ _21c\"> </span><span class=\"lsd7 wsd7\">0<span class=\"_ _1\"></span>.4<span class=\"_ _1\"></span>8<span class=\"_ _55\"> </span><span class=\"ls9f wsbc\">0.38<span class=\"_ _61\"> </span>0.3<span class=\"_ _1\"></span>1<span class=\"_ _9d\"> </span>0.<span class=\"_ _1\"></span>60<span class=\"_ _96\"> </span>0.82<span class=\"_ _383\"> </span></span></span>(i<span class=\"_ _1\"></span>i<span class=\"_ _1\"></span><span class=\"_ _383\">)\u2002Effe</span><span class=\"_ _1\"></span>cti<span class=\"_ _1\"></span>ve inte<span class=\"_ _1\"></span>re<span class=\"_ _1\"></span>st ra<span class=\"_ _1\"></span>te on le<span class=\"_ _1\"></span>ndi<span class=\"_ _1\"></span>ng<span class=\"_ _383\"> </span>Estimates ar<span class=\"_ _6\"></span>e made when calculating the EIR for ne<span class=\"_ _6\"></span>wly-originated loan assets<span class=\"_ _6\"></span>. These include the lik<span class=\"_ _8\"></span>ely customer redemption pro<span class=\"_ _6\"></span>\ufb01les. Mortgage products o<span class=\"_ _6\"></span><span class=\"_ _383\">ffered by the Gr</span><span class=\"_ _6\"></span>oup include directly attributable net f<span class=\"_ _6\"></span>ee income and a period on rev<span class=\"_ _6\"></span>ersion rat<span class=\"_ _6\"></span>es after the \ufb01xed/ discount period. Products r<span class=\"_ _6\"></span>ev<span class=\"_ _6\"></span>ert to the standard v<span class=\"_ _6\"></span>ariable rate (S<span class=\"_ _8\"></span>VR) or Base rate plus a margin f<span class=\"_ _6\"></span>or the Ken<span class=\"_ _6\"></span>t Reliance brand or a SONIA/Base rate plus a mar<span class=\"_ _6\"></span>gin for the Precise br<span class=\"_ _6\"></span>and. Subsequent to origination, changes in actual and e<span class=\"_ _6\"></span>xpected customer pr<span class=\"_ _6\"></span>epayment r<span class=\"_ _6\"></span>ates are r<span class=\"_ _6\"></span>e\ufb02ected as increases or decreases in the carrying value o<span class=\"_ _6\"></span>f loan assets with a corresponding incre<span class=\"_ _6\"></span>ase or decrease in inter<span class=\"_ _6\"></span>est income. The Gr<span class=\"_ _6\"></span>oup uses historical cus<span class=\"_ _6\"></span>tomer behaviours<span class=\"_ _6\"></span>, expected tak<span class=\"_ _8\"></span>e-up rate of r<span class=\"_ _6\"></span>etention pr<span class=\"_ _6\"></span>oducts and macroeconomic for<span class=\"_ _6\"></span>ecasts in its assessmen<span class=\"_ _6\"></span>t of expected pr<span class=\"_ _6\"></span>epayment r<span class=\"_ _6\"></span>ates. Cus<span class=\"_ _6\"></span>tomer prepayment<span class=\"_ _6\"></span>s in a \ufb01xed r<span class=\"_ _6\"></span>ate or incentive period can giv<span class=\"_ _8\"></span>e rise to Early Repayment Charge (ERC<span class=\"_ _6\"></span>) income.<span class=\"_ _383\"> </span>Judgement is used in assessing whether and for ho<span class=\"_ _8\"></span>w long mor<span class=\"_ _1\"></span>tgages that reach the end of the initial pr<span class=\"_ _6\"></span>oduct term stay on r<span class=\"_ _6\"></span>ev<span class=\"_ _6\"></span>ersion r<span class=\"_ _6\"></span>ates, and t<span class=\"_ _6\"></span>o the quantum and timing of pr<span class=\"_ _6\"></span>epayments that incur ERCs<span class=\"_ _6\"></span>. The estimate o<span class=\"_ _6\"></span>f customer w<span class=\"_ _6\"></span>eighted av<span class=\"_ _6\"></span>erage lif<span class=\"_ _6\"></span>e determines the period ov<span class=\"_ _6\"></span>er which net fee income and expected r<span class=\"_ _6\"></span>ev<span class=\"_ _6\"></span>ersionary income is recognised. Estimat<span class=\"_ _6\"></span>es are re<span class=\"_ _6\"></span>view<span class=\"_ _6\"></span>ed regularly and, as a consequence of the r<span class=\"_ _6\"></span>evie<span class=\"_ _6\"></span>ws<span class=\"_ _6\"></span>, adjustments with an adver<span class=\"_ _6\"></span>se impact of \u00a331.6m w<span class=\"_ _8\"></span>ere made in 2022 predominan<span class=\"_ _6\"></span>tly due to reducing the time Precise cus<span class=\"_ _6\"></span>tomers ar<span class=\"_ _6\"></span>e expected to spend on re<span class=\"_ _6\"></span>version r<span class=\"_ _6\"></span>ates (2<span class=\"_ _6\"></span>021: \u00a319<span class=\"_ _1f6\"></span>.0m fav<span class=\"_ _6\"></span>ourable<span class=\"_ _6\"></span>), decreasing net int<span class=\"_ _6\"></span>erest income and loans and adv<span class=\"_ _6\"></span>ances to customers<span class=\"_ _8\"></span>.<span class=\"_ _1\"></span> There w<span class=\"_ _6\"></span>ere a number of base r<span class=\"_ _6\"></span>ate rises in quick succession in 2022, increasing the sensitivity t<span class=\"_ _6\"></span>o changes in behavioural assumptions because higher re<span class=\"_ _6\"></span>version r<span class=\"_ _6\"></span>ates both incr<span class=\"_ _6\"></span>ease the income earned on loans in the re<span class=\"_ _6\"></span>version period and c<span class=\"_ _6\"></span>an lead to higher repayment r<span class=\"_ _8\"></span>ates and therefore less time spent on re<span class=\"_ _6\"></span>ver<span class=\"_ _6\"></span>sion.<span class=\"_ _383\"> </span>A three months<span class=\"_ _1f6\"></span>\u2019 reduction in the weight<span class=\"_ _6\"></span>ed aver<span class=\"_ _6\"></span>age lives of loans in the r<span class=\"_ _6\"></span>ev<span class=\"_ _6\"></span>ersion period w<span class=\"_ _6\"></span>as considered to be a r<span class=\"_ _6\"></span>easonably possible change in assumption based on observed changes in repaymen<span class=\"_ _6\"></span>t rates in r<span class=\"_ _6\"></span>ev<span class=\"_ _6\"></span>ersion periods o<span class=\"_ _6\"></span>ver the last tw<span class=\"_ _8\"></span>o years and what could happen to repayment rates in a high in<span class=\"_ _6\"></span>teres<span class=\"_ _6\"></span>t rate en<span class=\"_ _6\"></span>vironment and an uncertain macroeconomic outlook.<span class=\"_ _383\"> </span>The sensitivity has been applied to both the K<span class=\"_ _6\"></span>ent Reliance and the Pr<span class=\"_ _6\"></span>ecise portfolios. In pre<span class=\"_ _6\"></span>vious years the Precise portfolio sensitivity w<span class=\"_ _6\"></span>as split between loans originated pr<span class=\"_ _6\"></span>e and post the combination with CCFS on 4 Oct<span class=\"_ _6\"></span>ober 2019<span class=\"_ _1f6\"></span>. The combined sensitivity re\ufb02ects ho<span class=\"_ _6\"></span>w the Group no<span class=\"_ _6\"></span>w assesses customer behaviour in the portfolio<span class=\"_ _6\"></span>.  Applying a three month r<span class=\"_ _6\"></span>eduction to the expected w<span class=\"_ _8\"></span>eighted aver<span class=\"_ _6\"></span>age life of the loan book in the re<span class=\"_ _6\"></span>ver<span class=\"_ _6\"></span>sion period would r<span class=\"_ _6\"></span>esult in a reset loss of c. \u00a380<span class=\"_ _8\"></span>.8m in 2023 (2<span class=\"_ _6\"></span>021: c. \u00a345<span class=\"_ _6\"></span>.<span class=\"_ _1f6\"></span>9m on a six month basis in 2022).<span class=\"_ _383\"> </span>",
   "dimensions": {
    "concept": "ifrs-full:DisclosureOfAssetsAndLiabilitiesWithSignificantRiskOfMaterialAdjustmentExplanatory",
    "language": "en",
    "entity": "scheme:213800ZBKL9BHSL2K459",
    "period": "2022-01-01T00:00:00/2023-01-01T00:00:00"
   }
  },
  "fact-611": {
   "value": "3.\u2002Interest receivable and similar income 2022 \u00a3m 2021 \u00a3m At amortised cost:  On OSB mortgages 591.6 541.3 On CCFS mortgages 411.2 342.9 On \ufb01nance leases 9.4 6.3 On investment securities 4.7 2.1 On other liquid assets 39.3 2.7 Amortisation of fair value adjustments on CCFS loan book at Combination (61.5) (66.1) Amortisation of fair value adjustments on hedged assets1 (34.1) (39.9) 960.6 789.3 At FVTPL:  Net income/(expense) on derivative \ufb01nancial instruments \u2013 lending activities 106.6 (42.9) At FVOCI:  On investment securities 2.1 0.4  1,069.3 746.8 1.  The amortisation relates to hedged assets where the hedges were terminated before maturity and were effective at the point of termination . 4.\u2002Interest payable and similar charges 2022 \u00a3m 2021 \u00a3m At amortised cost:  On retail deposits 257.7 156.7 On BoE borrowings 64.8 4.5 On PSBs 0.7 1.2 On subordinated liabilities 1.1 0.8 On wholesale borrowings 3.9 0.8 On debt securities in issue 7.7 3.9 On lease liabilities 0.2 0.3 Amortisation of fair value adjustments on CCFS customer deposits at Combination (1.0) (1.5) Amortisation of fair value adjustments on hedged liabilities 1 (0.8) (1.1) 334.3 165.6 At FVTPL:  Net expense/(income) on derivative \ufb01nancial instruments \u2013 savings activities 25.1 (6.4)  359.4 159.2 1.  The amortisation relates to hedged liabilities where the hedges were terminated before maturity and were effective at the point of termination. ",
   "dimensions": {
    "concept": "ifrs-full:DisclosureOfFinanceIncomeExpenseExplanatory",
    "language": "en",
    "entity": "scheme:213800ZBKL9BHSL2K459",
    "period": "2022-01-01T00:00:00/2023-01-01T00:00:00"
   }
  },
  "fact-606": {
   "value": "<span class=\"_ _383\">3.\u2002Inte</span><span class=\"_ _1\"></span>res<span class=\"_ _1\"></span>t re<span class=\"_ _1\"></span>ce<span class=\"_ _1\"></span>ivabl<span class=\"_ _1\"></span>e and simi<span class=\"_ _1\"></span>lar inc<span class=\"_ _1\"></span>om<span class=\"_ _1\"></span>e<span class=\"_ _383\"> </span>2022<span class=\"_ _383\"> </span>\u00a3m<span class=\"_ _383\"> </span>2021<span class=\"_ _383\"> </span>\u00a3m<span class=\"_ _383\"> </span>At amortised cost:<span class=\"_ _21d\"> </span><span class=\"ls2\"> </span>On OSB mortgages<span class=\"_ _21e\"> </span><span class=\"ff2 lscd wsce\">591.6<span class=\"_ _3b\"> </span></span><span class=\"ls78 ws109\">5<span class=\"_ _1\"></span>41<span class=\"_ _1\"></span>.<span class=\"_ _2\"></span>3<span class=\"_ _1\"></span> </span>On CCFS mortgages<span class=\"_ _21f\"> </span><span class=\"ff2 lse0 wse0\">411<span class=\"_ _1\"></span>.<span class=\"_ _1\"></span>2<span class=\"_ _18d\"> </span></span><span class=\"ls2\">342.<span class=\"_ _8\"></span>9 </span>On \ufb01nance leases<span class=\"_ _220\"> </span><span class=\"ff2 lsc6 wsc5\">9.4<span class=\"_ _8b\"> </span></span><span class=\"ls7a wsa1\">6.<span class=\"_ _1\"></span>3 </span>On inv<span class=\"_ _6\"></span>estment securities<span class=\"_ _221\"> </span><span class=\"ff2 ws6e\">4.7<span class=\"_ _ca\"> </span></span><span class=\"lsed wsf2\">2<span class=\"_ _2\"></span>.1<span class=\"_ _383\"> </span></span>On other liquid assets<span class=\"_ _222\"> </span><span class=\"ff2 lsc6 wsc5\">3<span class=\"_ _1\"></span>9.<span class=\"_ _2\"></span>3<span class=\"_ _90\"> </span></span><span class=\"ls2\">2.7 </span>Amortisation of fair value adjustmen<span class=\"_ _6\"></span>ts on CCFS loan book at Combination<span class=\"_ _c0\"> </span><span class=\"ff2 lsa wse4\">(61.<span class=\"_ _1\"></span>5<span class=\"_ _1\"></span>)<span class=\"_ _3b\"> </span></span><span class=\"lsed wsf2\">(6<span class=\"_ _1\"></span>6<span class=\"_ _1\"></span>.1<span class=\"_ _2\"></span>)<span class=\"_ _383\"> </span></span>Amortisation of fair value adjustmen<span class=\"_ _6\"></span>ts on hedged assets1<span class=\"_ _383\"> </span>(3<span class=\"_ _2\"></span>4<span class=\"_ _1\"></span>.1<span class=\"_ _1\"></span>)<span class=\"_ _18d\"> </span><span class=\"ff1 lsf8 wsfd\">(<span class=\"_ _2\"></span>3<span class=\"_ _2\"></span>9.<span class=\"_ _1\"></span>9<span class=\"_ _1\"></span>)<span class=\"_ _383\"> </span></span>960.6<span class=\"_ _3d\"> </span><span class=\"ff1 lsf8 wsfd\">7<span class=\"_ _1\"></span>8<span class=\"_ _0\"></span>9.<span class=\"_ _2\"></span>3<span class=\"_ _2\"></span> </span>At FVTPL:<span class=\"_ _187\"> </span><span class=\"ls2\"> </span>Net income/(e<span class=\"_ _6\"></span>xpense) on derivativ<span class=\"_ _6\"></span>e \ufb01nancial instrumen<span class=\"_ _6\"></span>ts \u2013 lending activities<span class=\"_ _13a\"> </span><span class=\"ff2 ls2\">106.6<span class=\"_ _5c\"> </span></span><span class=\"ls86 wsf1\">(<span class=\"_ _2\"></span>4<span class=\"_ _1\"></span>2<span class=\"_ _1\"></span>.9<span class=\"_ _1\"></span>)<span class=\"_ _383\"> </span></span>At FV<span class=\"_ _8\"></span>O<span class=\"_ _1\"></span>CI:<span class=\"_ _223\"> </span><span class=\"ls2\"> </span>On inv<span class=\"_ _6\"></span>estment securities<span class=\"_ _1cf\"> </span><span class=\"ff2 lsc3 wsc2\">2<span class=\"_ _2\"></span>.1<span class=\"_ _8b\"> </span></span><span class=\"lsd7 wsd7\">0<span class=\"_ _1\"></span>.4</span> <span class=\"_ _224\"> </span><span class=\"ff2 lsc6 wsc5\">1<span class=\"_ _1\"></span>,<span class=\"_ _2\"></span>0<span class=\"_ _2\"></span>6<span class=\"_ _1\"></span>9.<span class=\"_ _2\"></span>3<span class=\"_ _3e\"> </span></span><span class=\"ls7a wsa1\">746.8<span class=\"_ _383\"> </span></span>1. <span class=\"_ _41\"> </span>Th<span class=\"_ _1\"></span>e am<span class=\"_ _1\"></span>or<span class=\"_ _1\"></span>ti<span class=\"_ _1\"></span>sa<span class=\"_ _1\"></span>tio<span class=\"_ _1\"></span>n re<span class=\"_ _1\"></span>la<span class=\"_ _1\"></span>tes t<span class=\"_ _1\"></span>o he<span class=\"_ _1\"></span>dg<span class=\"_ _1\"></span>e<span class=\"_ _1\"></span>d as<span class=\"_ _1\"></span>se<span class=\"_ _1\"></span>ts w<span class=\"_ _1\"></span>he<span class=\"_ _1\"></span>re th<span class=\"_ _1\"></span>e he<span class=\"_ _1\"></span>d<span class=\"_ _1\"></span>ge<span class=\"_ _1\"></span>s we<span class=\"_ _1\"></span>re te<span class=\"_ _1\"></span>rm<span class=\"_ _1\"></span>ina<span class=\"_ _1\"></span>te<span class=\"_ _1\"></span>d be<span class=\"_ _1\"></span>fo<span class=\"_ _1\"></span>re ma<span class=\"_ _1\"></span>tur<span class=\"_ _1\"></span>ity an<span class=\"_ _1\"></span>d we<span class=\"_ _1\"></span>re e<span class=\"_ _1\"></span><span class=\"_ _383\">ffe</span><span class=\"_ _1\"></span>cti<span class=\"_ _1\"></span>ve at t<span class=\"_ _1\"></span>he p<span class=\"_ _1\"></span>oi<span class=\"_ _1\"></span>nt of te<span class=\"_ _1\"></span>rm<span class=\"_ _1\"></span>in<span class=\"_ _1\"></span>ati<span class=\"_ _1\"></span>on<span class=\"_ _383\"> </span>",
   "dimensions": {
    "concept": "ifrs-full:DisclosureOfInterestIncomeExplanatory",
    "language": "en",
    "entity": "scheme:213800ZBKL9BHSL2K459",
    "period": "2022-01-01T00:00:00/2023-01-01T00:00:00"
   }
  },
  "fact-594": {
   "value": "<span class=\"_ _383\">3.\u2002Inte</span><span class=\"_ _1\"></span>res<span class=\"_ _1\"></span>t re<span class=\"_ _1\"></span>ce<span class=\"_ _1\"></span>ivabl<span class=\"_ _1\"></span>e and simi<span class=\"_ _1\"></span>lar inc<span class=\"_ _1\"></span>om<span class=\"_ _1\"></span>e<span class=\"_ _383\"> </span>2022<span class=\"_ _383\"> </span>\u00a3m<span class=\"_ _383\"> </span>2021<span class=\"_ _383\"> </span>\u00a3m<span class=\"_ _383\"> </span>At amortised cost:<span class=\"_ _21d\"> </span><span class=\"ls2\"> </span>On OSB mortgages<span class=\"_ _21e\"> </span><span class=\"ff2 lscd wsce\">591.6<span class=\"_ _3b\"> </span></span><span class=\"ls78 ws109\">5<span class=\"_ _1\"></span>41<span class=\"_ _1\"></span>.<span class=\"_ _2\"></span>3<span class=\"_ _1\"></span> </span>On CCFS mortgages<span class=\"_ _21f\"> </span><span class=\"ff2 lse0 wse0\">411<span class=\"_ _1\"></span>.<span class=\"_ _1\"></span>2<span class=\"_ _18d\"> </span></span><span class=\"ls2\">342.<span class=\"_ _8\"></span>9 </span>On \ufb01nance leases<span class=\"_ _220\"> </span><span class=\"ff2 lsc6 wsc5\">9.4<span class=\"_ _8b\"> </span></span><span class=\"ls7a wsa1\">6.<span class=\"_ _1\"></span>3 </span>On inv<span class=\"_ _6\"></span>estment securities<span class=\"_ _221\"> </span><span class=\"ff2 ws6e\">4.7<span class=\"_ _ca\"> </span></span><span class=\"lsed wsf2\">2<span class=\"_ _2\"></span>.1<span class=\"_ _383\"> </span></span>On other liquid assets<span class=\"_ _222\"> </span><span class=\"ff2 lsc6 wsc5\">3<span class=\"_ _1\"></span>9.<span class=\"_ _2\"></span>3<span class=\"_ _90\"> </span></span><span class=\"ls2\">2.7 </span>Amortisation of fair value adjustmen<span class=\"_ _6\"></span>ts on CCFS loan book at Combination<span class=\"_ _c0\"> </span><span class=\"ff2 lsa wse4\">(61.<span class=\"_ _1\"></span>5<span class=\"_ _1\"></span>)<span class=\"_ _3b\"> </span></span><span class=\"lsed wsf2\">(6<span class=\"_ _1\"></span>6<span class=\"_ _1\"></span>.1<span class=\"_ _2\"></span>)<span class=\"_ _383\"> </span></span>Amortisation of fair value adjustmen<span class=\"_ _6\"></span>ts on hedged assets1<span class=\"_ _383\"> </span>(3<span class=\"_ _2\"></span>4<span class=\"_ _1\"></span>.1<span class=\"_ _1\"></span>)<span class=\"_ _18d\"> </span><span class=\"ff1 lsf8 wsfd\">(<span class=\"_ _2\"></span>3<span class=\"_ _2\"></span>9.<span class=\"_ _1\"></span>9<span class=\"_ _1\"></span>)<span class=\"_ _383\"> </span></span>960.6<span class=\"_ _3d\"> </span><span class=\"ff1 lsf8 wsfd\">7<span class=\"_ _1\"></span>8<span class=\"_ _0\"></span>9.<span class=\"_ _2\"></span>3<span class=\"_ _2\"></span> </span>At FVTPL:<span class=\"_ _187\"> </span><span class=\"ls2\"> </span>Net income/(e<span class=\"_ _6\"></span>xpense) on derivativ<span class=\"_ _6\"></span>e \ufb01nancial instrumen<span class=\"_ _6\"></span>ts \u2013 lending activities<span class=\"_ _13a\"> </span><span class=\"ff2 ls2\">106.6<span class=\"_ _5c\"> </span></span><span class=\"ls86 wsf1\">(<span class=\"_ _2\"></span>4<span class=\"_ _1\"></span>2<span class=\"_ _1\"></span>.9<span class=\"_ _1\"></span>)<span class=\"_ _383\"> </span></span>At FV<span class=\"_ _8\"></span>O<span class=\"_ _1\"></span>CI:<span class=\"_ _223\"> </span><span class=\"ls2\"> </span>On inv<span class=\"_ _6\"></span>estment securities<span class=\"_ _1cf\"> </span><span class=\"ff2 lsc3 wsc2\">2<span class=\"_ _2\"></span>.1<span class=\"_ _8b\"> </span></span><span class=\"lsd7 wsd7\">0<span class=\"_ _1\"></span>.4</span> <span class=\"_ _224\"> </span><span class=\"ff2 lsc6 wsc5\">1<span class=\"_ _1\"></span>,<span class=\"_ _2\"></span>0<span class=\"_ _2\"></span>6<span class=\"_ _1\"></span>9.<span class=\"_ _2\"></span>3<span class=\"_ _3e\"> </span></span><span class=\"ls7a wsa1\">746.8<span class=\"_ _383\"> </span></span>1. <span class=\"_ _41\"> </span>Th<span class=\"_ _1\"></span>e am<span class=\"_ _1\"></span>or<span class=\"_ _1\"></span>ti<span class=\"_ _1\"></span>sa<span class=\"_ _1\"></span>tio<span class=\"_ _1\"></span>n re<span class=\"_ _1\"></span>la<span class=\"_ _1\"></span>tes t<span class=\"_ _1\"></span>o he<span class=\"_ _1\"></span>dg<span class=\"_ _1\"></span>e<span class=\"_ _1\"></span>d as<span class=\"_ _1\"></span>se<span class=\"_ _1\"></span>ts w<span class=\"_ _1\"></span>he<span class=\"_ _1\"></span>re th<span class=\"_ _1\"></span>e he<span class=\"_ _1\"></span>d<span class=\"_ _1\"></span>ge<span class=\"_ _1\"></span>s we<span class=\"_ _1\"></span>re te<span class=\"_ _1\"></span>rm<span class=\"_ _1\"></span>ina<span class=\"_ _1\"></span>te<span class=\"_ _1\"></span>d be<span class=\"_ _1\"></span>fo<span class=\"_ _1\"></span>re ma<span class=\"_ _1\"></span>tur<span class=\"_ _1\"></span>ity an<span class=\"_ _1\"></span>d we<span class=\"_ _1\"></span>re e<span class=\"_ _1\"></span><span class=\"_ _383\">ffe</span><span class=\"_ _1\"></span>cti<span class=\"_ _1\"></span>ve at t<span class=\"_ _1\"></span>he p<span class=\"_ _1\"></span>oi<span class=\"_ _1\"></span>nt of te<span class=\"_ _1\"></span>rm<span class=\"_ _1\"></span>in<span class=\"_ _1\"></span>ati<span class=\"_ _1\"></span>on<span class=\"_ _383\"> </span>.<span class=\"_ _383\"> </span><span class=\"_ _383\">4.\u2002Inter</span><span class=\"_ _1\"></span>est p<span class=\"_ _1\"></span>ayab<span class=\"_ _1\"></span>le an<span class=\"_ _1\"></span>d simil<span class=\"_ _1\"></span>ar char<span class=\"_ _1\"></span>ge<span class=\"_ _1\"></span>s<span class=\"_ _383\"> </span>2022<span class=\"_ _383\"> </span>\u00a3m<span class=\"_ _383\"> </span>2021<span class=\"_ _383\"> </span>\u00a3m<span class=\"_ _383\"> </span>At amortised cost:<span class=\"_ _21d\"> </span><span class=\"ls2\"> </span>On retail deposits<span class=\"_ _225\"> </span><span class=\"ff2 lsc4 wsc3\">2<span class=\"_ _2\"></span>5<span class=\"_ _0\"></span>7.<span class=\"_ _0\"></span>7<span class=\"_ _5c\"> </span></span><span class=\"ls9f wsbc\">15<span class=\"_ _1\"></span>6.7<span class=\"_ _383\"> </span></span>On BoE borrowings<span class=\"_ _226\"> </span><span class=\"ff2 ws6e\">64.8<span class=\"_ _e5\"> </span></span><span class=\"ls88 wse3\">4.5<span class=\"_ _383\"> </span></span>On PSBs<span class=\"_ _227\"> </span><span class=\"ff2 ws6e\">0.7<span class=\"_ _52\"> </span></span><span class=\"ls9f wsbc\">1.<span class=\"_ _1\"></span>2<span class=\"_ _383\"> </span></span>On subordinated liabilities<span class=\"_ _228\"> </span><span class=\"ff2 lsc3 wsc2\">1<span class=\"_ _1\"></span>.1<span class=\"_ _15e\"> </span></span><span class=\"ls9f wsbc\">0.<span class=\"_ _1\"></span>8<span class=\"_ _383\"> </span></span>On wholesale borro<span class=\"_ _6\"></span>wings<span class=\"_ _229\"> </span><span class=\"ff2 lsc5 wsc4\">3<span class=\"_ _1\"></span>.9<span class=\"_ _15e\"> </span></span><span class=\"ls9f wsbc\">0.<span class=\"_ _1\"></span>8<span class=\"_ _383\"> </span></span>On debt securities in issue<span class=\"_ _22a\"> </span><span class=\"ff2 lsc4 wsc3\">7.<span class=\"_ _2\"></span>7<span class=\"_ _52\"> </span></span><span class=\"ls86 wsf1\">3<span class=\"_ _1\"></span>.9<span class=\"_ _383\"> </span></span>On lease liabilities<span class=\"_ _22b\"> </span><span class=\"ff2 ws6e\">0.2<span class=\"_ _15e\"> </span></span><span class=\"ls9f wsbc\">0.3<span class=\"_ _383\"> </span></span>Amortisation of fair value adjustmen<span class=\"_ _6\"></span>ts on CCFS cus<span class=\"_ _6\"></span>tomer deposits at Combination<span class=\"_ _20c\"> </span><span class=\"ff2 lscb wscb\">(1.0)<span class=\"_ _4f\"> </span></span><span class=\"ls7e ws16\">(1<span class=\"_ _1\"></span>.5)<span class=\"_ _383\"> </span></span>Amortisation of fair value adjustmen<span class=\"_ _6\"></span>ts on hedged liabilities<span class=\"_ _383\"> </span>1<span class=\"_ _383\"> </span>(0.<span class=\"_ _1\"></span>8)<span class=\"_ _b2\"> </span><span class=\"ff1 lsed wsf2\">(<span class=\"_ _1\"></span>1<span class=\"_ _1\"></span>.1<span class=\"_ _1\"></span>)<span class=\"_ _383\"> </span></span>334.3<span class=\"_ _3d\"> </span><span class=\"ff1 ls7a wsa1\">165.6<span class=\"_ _383\"> </span></span>At FVTPL:<span class=\"_ _187\"> </span><span class=\"ls2\"> </span>Net expense/(income<span class=\"_ _6\"></span>) on derivative \ufb01nancial ins<span class=\"_ _6\"></span>truments \u2013 savings activities<span class=\"_ _22c\"> </span><span class=\"ff2 lsc3 wsc2\">2<span class=\"_ _1\"></span>5<span class=\"_ _1\"></span>.1<span class=\"_ _1c2\"> </span></span><span class=\"lsd7 wsd7\">(6<span class=\"_ _1\"></span>.4<span class=\"_ _1\"></span>)</span> <span class=\"_ _22d\"> </span><span class=\"ff2 lsc6 wsc5\">3<span class=\"_ _2\"></span>5<span class=\"_ _1\"></span>9.<span class=\"_ _1\"></span>4<span class=\"_ _5c\"> </span></span><span class=\"lsf8 wsfd\">1<span class=\"_ _2\"></span>5<span class=\"_ _2\"></span>9.<span class=\"_ _2\"></span>2<span class=\"_ _383\"> </span></span>1. <span class=\"_ _41\"> </span>Th<span class=\"_ _1\"></span>e am<span class=\"_ _1\"></span>or<span class=\"_ _1\"></span>ti<span class=\"_ _1\"></span>sa<span class=\"_ _1\"></span>tio<span class=\"_ _1\"></span>n re<span class=\"_ _1\"></span>la<span class=\"_ _1\"></span>tes t<span class=\"_ _1\"></span>o he<span class=\"_ _1\"></span>dg<span class=\"_ _1\"></span>e<span class=\"_ _1\"></span>d lia<span class=\"_ _1\"></span>bil<span class=\"_ _1\"></span>iti<span class=\"_ _1\"></span>es w<span class=\"_ _1\"></span>he<span class=\"_ _1\"></span>re t<span class=\"_ _1\"></span>he h<span class=\"_ _1\"></span>ed<span class=\"_ _1\"></span>ge<span class=\"_ _1\"></span>s we<span class=\"_ _1\"></span>re te<span class=\"_ _1\"></span>rm<span class=\"_ _1\"></span>in<span class=\"_ _1\"></span>ate<span class=\"_ _1\"></span>d be<span class=\"_ _1\"></span>fo<span class=\"_ _1\"></span>re m<span class=\"_ _1\"></span>atur<span class=\"_ _1\"></span>ity a<span class=\"_ _1\"></span>nd we<span class=\"_ _1\"></span>re e<span class=\"_ _1\"></span><span class=\"_ _383\">ffe</span><span class=\"_ _1\"></span>ct<span class=\"_ _1\"></span>ive a<span class=\"_ _1\"></span>t the p<span class=\"_ _1\"></span>o<span class=\"_ _1\"></span>int of t<span class=\"_ _1\"></span>er<span class=\"_ _1\"></span>min<span class=\"_ _1\"></span>ati<span class=\"_ _1\"></span>on<span class=\"_ _1\"></span>.<span class=\"_ _383\"> </span>",
   "dimensions": {
    "concept": "ifrs-full:DisclosureOfInterestIncomeExpenseExplanatory",
    "language": "en",
    "entity": "scheme:213800ZBKL9BHSL2K459",
    "period": "2022-01-01T00:00:00/2023-01-01T00:00:00"
   }
  },
  "fact-558": {
   "value": "<span class=\"_ _383\">3.\u2002Inte</span><span class=\"_ _1\"></span>res<span class=\"_ _1\"></span>t re<span class=\"_ _1\"></span>ce<span class=\"_ _1\"></span>ivabl<span class=\"_ _1\"></span>e and simi<span class=\"_ _1\"></span>lar inc<span class=\"_ _1\"></span>om<span class=\"_ _1\"></span>e<span class=\"_ _383\"> </span>2022<span class=\"_ _383\"> </span>\u00a3m<span class=\"_ _383\"> </span>2021<span class=\"_ _383\"> </span>\u00a3m<span class=\"_ _383\"> </span>At amortised cost:<span class=\"_ _21d\"> </span><span class=\"ls2\"> </span>On OSB mortgages<span class=\"_ _21e\"> </span><span class=\"ff2 lscd wsce\">591.6<span class=\"_ _3b\"> </span></span><span class=\"ls78 ws109\">5<span class=\"_ _1\"></span>41<span class=\"_ _1\"></span>.<span class=\"_ _2\"></span>3<span class=\"_ _1\"></span> </span>On CCFS mortgages<span class=\"_ _21f\"> </span><span class=\"ff2 lse0 wse0\">411<span class=\"_ _1\"></span>.<span class=\"_ _1\"></span>2<span class=\"_ _18d\"> </span></span><span class=\"ls2\">342.<span class=\"_ _8\"></span>9 </span>On \ufb01nance leases<span class=\"_ _220\"> </span><span class=\"ff2 lsc6 wsc5\">9.4<span class=\"_ _8b\"> </span></span><span class=\"ls7a wsa1\">6.<span class=\"_ _1\"></span>3 </span>On inv<span class=\"_ _6\"></span>estment securities<span class=\"_ _221\"> </span><span class=\"ff2 ws6e\">4.7<span class=\"_ _ca\"> </span></span><span class=\"lsed wsf2\">2<span class=\"_ _2\"></span>.1<span class=\"_ _383\"> </span></span>On other liquid assets<span class=\"_ _222\"> </span><span class=\"ff2 lsc6 wsc5\">3<span class=\"_ _1\"></span>9.<span class=\"_ _2\"></span>3<span class=\"_ _90\"> </span></span><span class=\"ls2\">2.7 </span>Amortisation of fair value adjustmen<span class=\"_ _6\"></span>ts on CCFS loan book at Combination<span class=\"_ _c0\"> </span><span class=\"ff2 lsa wse4\">(61.<span class=\"_ _1\"></span>5<span class=\"_ _1\"></span>)<span class=\"_ _3b\"> </span></span><span class=\"lsed wsf2\">(6<span class=\"_ _1\"></span>6<span class=\"_ _1\"></span>.1<span class=\"_ _2\"></span>)<span class=\"_ _383\"> </span></span>Amortisation of fair value adjustmen<span class=\"_ _6\"></span>ts on hedged assets1<span class=\"_ _383\"> </span>(3<span class=\"_ _2\"></span>4<span class=\"_ _1\"></span>.1<span class=\"_ _1\"></span>)<span class=\"_ _18d\"> </span><span class=\"ff1 lsf8 wsfd\">(<span class=\"_ _2\"></span>3<span class=\"_ _2\"></span>9.<span class=\"_ _1\"></span>9<span class=\"_ _1\"></span>)<span class=\"_ _383\"> </span></span>960.6<span class=\"_ _3d\"> </span><span class=\"ff1 lsf8 wsfd\">7<span class=\"_ _1\"></span>8<span class=\"_ _0\"></span>9.<span class=\"_ _2\"></span>3<span class=\"_ _2\"></span> </span>At FVTPL:<span class=\"_ _187\"> </span><span class=\"ls2\"> </span>Net income/(e<span class=\"_ _6\"></span>xpense) on derivativ<span class=\"_ _6\"></span>e \ufb01nancial instrumen<span class=\"_ _6\"></span>ts \u2013 lending activities<span class=\"_ _13a\"> </span><span class=\"ff2 ls2\">106.6<span class=\"_ _5c\"> </span></span><span class=\"ls86 wsf1\">(<span class=\"_ _2\"></span>4<span class=\"_ _1\"></span>2<span class=\"_ _1\"></span>.9<span class=\"_ _1\"></span>)<span class=\"_ _383\"> </span></span>At FV<span class=\"_ _8\"></span>O<span class=\"_ _1\"></span>CI:<span class=\"_ _223\"> </span><span class=\"ls2\"> </span>On inv<span class=\"_ _6\"></span>estment securities<span class=\"_ _1cf\"> </span><span class=\"ff2 lsc3 wsc2\">2<span class=\"_ _2\"></span>.1<span class=\"_ _8b\"> </span></span><span class=\"lsd7 wsd7\">0<span class=\"_ _1\"></span>.4</span> <span class=\"_ _224\"> </span><span class=\"ff2 lsc6 wsc5\">1<span class=\"_ _1\"></span>,<span class=\"_ _2\"></span>0<span class=\"_ _2\"></span>6<span class=\"_ _1\"></span>9.<span class=\"_ _2\"></span>3<span class=\"_ _3e\"> </span></span><span class=\"ls7a wsa1\">746.8<span class=\"_ _383\"> </span></span>1. <span class=\"_ _41\"> </span>Th<span class=\"_ _1\"></span>e am<span class=\"_ _1\"></span>or<span class=\"_ _1\"></span>ti<span class=\"_ _1\"></span>sa<span class=\"_ _1\"></span>tio<span class=\"_ _1\"></span>n re<span class=\"_ _1\"></span>la<span class=\"_ _1\"></span>tes t<span class=\"_ _1\"></span>o he<span class=\"_ _1\"></span>dg<span class=\"_ _1\"></span>e<span class=\"_ _1\"></span>d as<span class=\"_ _1\"></span>se<span class=\"_ _1\"></span>ts w<span class=\"_ _1\"></span>he<span class=\"_ _1\"></span>re th<span class=\"_ _1\"></span>e he<span class=\"_ _1\"></span>d<span class=\"_ _1\"></span>ge<span class=\"_ _1\"></span>s we<span class=\"_ _1\"></span>re te<span class=\"_ _1\"></span>rm<span class=\"_ _1\"></span>ina<span class=\"_ _1\"></span>te<span class=\"_ _1\"></span>d be<span class=\"_ _1\"></span>fo<span class=\"_ _1\"></span>re ma<span class=\"_ _1\"></span>tur<span class=\"_ _1\"></span>ity an<span class=\"_ _1\"></span>d we<span class=\"_ _1\"></span>re e<span class=\"_ _1\"></span><span class=\"_ _383\">ffe</span><span class=\"_ _1\"></span>cti<span class=\"_ _1\"></span>ve at t<span class=\"_ _1\"></span>he p<span class=\"_ _1\"></span>oi<span class=\"_ _1\"></span>nt of te<span class=\"_ _1\"></span>rm<span class=\"_ _1\"></span>in<span class=\"_ _1\"></span>ati<span class=\"_ _1\"></span>on<span class=\"_ _383\"> </span>.<span class=\"_ _383\"> </span>",
   "dimensions": {
    "concept": "ifrs-full:DisclosureOfFinanceIncomeExplanatory",
    "language": "en",
    "entity": "scheme:213800ZBKL9BHSL2K459",
    "period": "2022-01-01T00:00:00/2023-01-01T00:00:00"
   }
  },
  "fact-607": {
   "value": "<span class=\"_ _383\">4.\u2002Inter</span><span class=\"_ _1\"></span>est p<span class=\"_ _1\"></span>ayab<span class=\"_ _1\"></span>le an<span class=\"_ _1\"></span>d simil<span class=\"_ _1\"></span>ar char<span class=\"_ _1\"></span>ge<span class=\"_ _1\"></span>s<span class=\"_ _383\"> </span>2022<span class=\"_ _383\"> </span>\u00a3m<span class=\"_ _383\"> </span>2021<span class=\"_ _383\"> </span>\u00a3m<span class=\"_ _383\"> </span>At amortised cost:<span class=\"_ _21d\"> </span><span class=\"ls2\"> </span>On retail deposits<span class=\"_ _225\"> </span><span class=\"ff2 lsc4 wsc3\">2<span class=\"_ _2\"></span>5<span class=\"_ _0\"></span>7.<span class=\"_ _0\"></span>7<span class=\"_ _5c\"> </span></span><span class=\"ls9f wsbc\">15<span class=\"_ _1\"></span>6.7<span class=\"_ _383\"> </span></span>On BoE borrowings<span class=\"_ _226\"> </span><span class=\"ff2 ws6e\">64.8<span class=\"_ _e5\"> </span></span><span class=\"ls88 wse3\">4.5<span class=\"_ _383\"> </span></span>On PSBs<span class=\"_ _227\"> </span><span class=\"ff2 ws6e\">0.7<span class=\"_ _52\"> </span></span><span class=\"ls9f wsbc\">1.<span class=\"_ _1\"></span>2<span class=\"_ _383\"> </span></span>On subordinated liabilities<span class=\"_ _228\"> </span><span class=\"ff2 lsc3 wsc2\">1<span class=\"_ _1\"></span>.1<span class=\"_ _15e\"> </span></span><span class=\"ls9f wsbc\">0.<span class=\"_ _1\"></span>8<span class=\"_ _383\"> </span></span>On wholesale borro<span class=\"_ _6\"></span>wings<span class=\"_ _229\"> </span><span class=\"ff2 lsc5 wsc4\">3<span class=\"_ _1\"></span>.9<span class=\"_ _15e\"> </span></span><span class=\"ls9f wsbc\">0.<span class=\"_ _1\"></span>8<span class=\"_ _383\"> </span></span>On debt securities in issue<span class=\"_ _22a\"> </span><span class=\"ff2 lsc4 wsc3\">7.<span class=\"_ _2\"></span>7<span class=\"_ _52\"> </span></span><span class=\"ls86 wsf1\">3<span class=\"_ _1\"></span>.9<span class=\"_ _383\"> </span></span>On lease liabilities<span class=\"_ _22b\"> </span><span class=\"ff2 ws6e\">0.2<span class=\"_ _15e\"> </span></span><span class=\"ls9f wsbc\">0.3<span class=\"_ _383\"> </span></span>Amortisation of fair value adjustmen<span class=\"_ _6\"></span>ts on CCFS cus<span class=\"_ _6\"></span>tomer deposits at Combination<span class=\"_ _20c\"> </span><span class=\"ff2 lscb wscb\">(1.0)<span class=\"_ _4f\"> </span></span><span class=\"ls7e ws16\">(1<span class=\"_ _1\"></span>.5)<span class=\"_ _383\"> </span></span>Amortisation of fair value adjustmen<span class=\"_ _6\"></span>ts on hedged liabilities<span class=\"_ _383\"> </span>1<span class=\"_ _383\"> </span>(0.<span class=\"_ _1\"></span>8)<span class=\"_ _b2\"> </span><span class=\"ff1 lsed wsf2\">(<span class=\"_ _1\"></span>1<span class=\"_ _1\"></span>.1<span class=\"_ _1\"></span>)<span class=\"_ _383\"> </span></span>334.3<span class=\"_ _3d\"> </span><span class=\"ff1 ls7a wsa1\">165.6<span class=\"_ _383\"> </span></span>At FVTPL:<span class=\"_ _187\"> </span><span class=\"ls2\"> </span>Net expense/(income<span class=\"_ _6\"></span>) on derivative \ufb01nancial ins<span class=\"_ _6\"></span>truments \u2013 savings activities<span class=\"_ _22c\"> </span><span class=\"ff2 lsc3 wsc2\">2<span class=\"_ _1\"></span>5<span class=\"_ _1\"></span>.1<span class=\"_ _1c2\"> </span></span><span class=\"lsd7 wsd7\">(6<span class=\"_ _1\"></span>.4<span class=\"_ _1\"></span>)</span> <span class=\"_ _22d\"> </span><span class=\"ff2 lsc6 wsc5\">3<span class=\"_ _2\"></span>5<span class=\"_ _1\"></span>9.<span class=\"_ _1\"></span>4<span class=\"_ _5c\"> </span></span><span class=\"lsf8 wsfd\">1<span class=\"_ _2\"></span>5<span class=\"_ _2\"></span>9.<span class=\"_ _2\"></span>2<span class=\"_ _383\"> </span></span>1. <span class=\"_ _41\"> </span>Th<span class=\"_ _1\"></span>e am<span class=\"_ _1\"></span>or<span class=\"_ _1\"></span>ti<span class=\"_ _1\"></span>sa<span class=\"_ _1\"></span>tio<span class=\"_ _1\"></span>n re<span class=\"_ _1\"></span>la<span class=\"_ _1\"></span>tes t<span class=\"_ _1\"></span>o he<span class=\"_ _1\"></span>dg<span class=\"_ _1\"></span>e<span class=\"_ _1\"></span>d lia<span class=\"_ _1\"></span>bil<span class=\"_ _1\"></span>iti<span class=\"_ _1\"></span>es w<span class=\"_ _1\"></span>he<span class=\"_ _1\"></span>re t<span class=\"_ _1\"></span>he h<span class=\"_ _1\"></span>ed<span class=\"_ _1\"></span>ge<span class=\"_ _1\"></span>s we<span class=\"_ _1\"></span>re te<span class=\"_ _1\"></span>rm<span class=\"_ _1\"></span>in<span class=\"_ _1\"></span>ate<span class=\"_ _1\"></span>d be<span class=\"_ _1\"></span>fo<span class=\"_ _1\"></span>re m<span class=\"_ _1\"></span>atur<span class=\"_ _1\"></span>ity a<span class=\"_ _1\"></span>nd we<span class=\"_ _1\"></span>re e<span class=\"_ _1\"></span><span class=\"_ _383\">ffe</span><span class=\"_ _1\"></span>ct<span class=\"_ _1\"></span>ive a<span class=\"_ _1\"></span>t the p<span class=\"_ _1\"></span>o<span class=\"_ _1\"></span>int of t<span class=\"_ _1\"></span>er<span class=\"_ _1\"></span>min<span class=\"_ _1\"></span>ati<span class=\"_ _1\"></span>on<span class=\"_ _1\"></span>.<span class=\"_ _383\"> </span>",
   "dimensions": {
    "concept": "ifrs-full:DisclosureOfInterestExpenseExplanatory",
    "language": "en",
    "entity": "scheme:213800ZBKL9BHSL2K459",
    "period": "2022-01-01T00:00:00/2023-01-01T00:00:00"
   }
  },
  "fact-559": {
   "value": "<span class=\"_ _383\">4.\u2002Inter</span><span class=\"_ _1\"></span>est p<span class=\"_ _1\"></span>ayab<span class=\"_ _1\"></span>le an<span class=\"_ _1\"></span>d simil<span class=\"_ _1\"></span>ar char<span class=\"_ _1\"></span>ge<span class=\"_ _1\"></span>s<span class=\"_ _383\"> </span>2022<span class=\"_ _383\"> </span>\u00a3m<span class=\"_ _383\"> </span>2021<span class=\"_ _383\"> </span>\u00a3m<span class=\"_ _383\"> </span>At amortised cost:<span class=\"_ _21d\"> </span><span class=\"ls2\"> </span>On retail deposits<span class=\"_ _225\"> </span><span class=\"ff2 lsc4 wsc3\">2<span class=\"_ _2\"></span>5<span class=\"_ _0\"></span>7.<span class=\"_ _0\"></span>7<span class=\"_ _5c\"> </span></span><span class=\"ls9f wsbc\">15<span class=\"_ _1\"></span>6.7<span class=\"_ _383\"> </span></span>On BoE borrowings<span class=\"_ _226\"> </span><span class=\"ff2 ws6e\">64.8<span class=\"_ _e5\"> </span></span><span class=\"ls88 wse3\">4.5<span class=\"_ _383\"> </span></span>On PSBs<span class=\"_ _227\"> </span><span class=\"ff2 ws6e\">0.7<span class=\"_ _52\"> </span></span><span class=\"ls9f wsbc\">1.<span class=\"_ _1\"></span>2<span class=\"_ _383\"> </span></span>On subordinated liabilities<span class=\"_ _228\"> </span><span class=\"ff2 lsc3 wsc2\">1<span class=\"_ _1\"></span>.1<span class=\"_ _15e\"> </span></span><span class=\"ls9f wsbc\">0.<span class=\"_ _1\"></span>8<span class=\"_ _383\"> </span></span>On wholesale borro<span class=\"_ _6\"></span>wings<span class=\"_ _229\"> </span><span class=\"ff2 lsc5 wsc4\">3<span class=\"_ _1\"></span>.9<span class=\"_ _15e\"> </span></span><span class=\"ls9f wsbc\">0.<span class=\"_ _1\"></span>8<span class=\"_ _383\"> </span></span>On debt securities in issue<span class=\"_ _22a\"> </span><span class=\"ff2 lsc4 wsc3\">7.<span class=\"_ _2\"></span>7<span class=\"_ _52\"> </span></span><span class=\"ls86 wsf1\">3<span class=\"_ _1\"></span>.9<span class=\"_ _383\"> </span></span>On lease liabilities<span class=\"_ _22b\"> </span><span class=\"ff2 ws6e\">0.2<span class=\"_ _15e\"> </span></span><span class=\"ls9f wsbc\">0.3<span class=\"_ _383\"> </span></span>Amortisation of fair value adjustmen<span class=\"_ _6\"></span>ts on CCFS cus<span class=\"_ _6\"></span>tomer deposits at Combination<span class=\"_ _20c\"> </span><span class=\"ff2 lscb wscb\">(1.0)<span class=\"_ _4f\"> </span></span><span class=\"ls7e ws16\">(1<span class=\"_ _1\"></span>.5)<span class=\"_ _383\"> </span></span>Amortisation of fair value adjustmen<span class=\"_ _6\"></span>ts on hedged liabilities<span class=\"_ _383\"> </span>1<span class=\"_ _383\"> </span>(0.<span class=\"_ _1\"></span>8)<span class=\"_ _b2\"> </span><span class=\"ff1 lsed wsf2\">(<span class=\"_ _1\"></span>1<span class=\"_ _1\"></span>.1<span class=\"_ _1\"></span>)<span class=\"_ _383\"> </span></span>334.3<span class=\"_ _3d\"> </span><span class=\"ff1 ls7a wsa1\">165.6<span class=\"_ _383\"> </span></span>At FVTPL:<span class=\"_ _187\"> </span><span class=\"ls2\"> </span>Net expense/(income<span class=\"_ _6\"></span>) on derivative \ufb01nancial ins<span class=\"_ _6\"></span>truments \u2013 savings activities<span class=\"_ _22c\"> </span><span class=\"ff2 lsc3 wsc2\">2<span class=\"_ _1\"></span>5<span class=\"_ _1\"></span>.1<span class=\"_ _1c2\"> </span></span><span class=\"lsd7 wsd7\">(6<span class=\"_ _1\"></span>.4<span class=\"_ _1\"></span>)</span> <span class=\"_ _22d\"> </span><span class=\"ff2 lsc6 wsc5\">3<span class=\"_ _2\"></span>5<span class=\"_ _1\"></span>9.<span class=\"_ _1\"></span>4<span class=\"_ _5c\"> </span></span><span class=\"lsf8 wsfd\">1<span class=\"_ _2\"></span>5<span class=\"_ _2\"></span>9.<span class=\"_ _2\"></span>2<span class=\"_ _383\"> </span></span>1. <span class=\"_ _41\"> </span>Th<span class=\"_ _1\"></span>e am<span class=\"_ _1\"></span>or<span class=\"_ _1\"></span>ti<span class=\"_ _1\"></span>sa<span class=\"_ _1\"></span>tio<span class=\"_ _1\"></span>n re<span class=\"_ _1\"></span>la<span class=\"_ _1\"></span>tes t<span class=\"_ _1\"></span>o he<span class=\"_ _1\"></span>dg<span class=\"_ _1\"></span>e<span class=\"_ _1\"></span>d lia<span class=\"_ _1\"></span>bil<span class=\"_ _1\"></span>iti<span class=\"_ _1\"></span>es w<span class=\"_ _1\"></span>he<span class=\"_ _1\"></span>re t<span class=\"_ _1\"></span>he h<span class=\"_ _1\"></span>ed<span class=\"_ _1\"></span>ge<span class=\"_ _1\"></span>s we<span class=\"_ _1\"></span>re te<span class=\"_ _1\"></span>rm<span class=\"_ _1\"></span>in<span class=\"_ _1\"></span>ate<span class=\"_ _1\"></span>d be<span class=\"_ _1\"></span>fo<span class=\"_ _1\"></span>re m<span class=\"_ _1\"></span>atur<span class=\"_ _1\"></span>ity a<span class=\"_ _1\"></span>nd we<span class=\"_ _1\"></span>re e<span class=\"_ _1\"></span><span class=\"_ _383\">ffe</span><span class=\"_ _1\"></span>ct<span class=\"_ _1\"></span>ive a<span class=\"_ _1\"></span>t the p<span class=\"_ _1\"></span>o<span class=\"_ _1\"></span>int of t<span class=\"_ _1\"></span>er<span class=\"_ _1\"></span>min<span class=\"_ _1\"></span>ati<span class=\"_ _1\"></span>on<span class=\"_ _1\"></span>.<span class=\"_ _383\"> </span>",
   "dimensions": {
    "concept": "ifrs-full:DisclosureOfFinanceCostExplanatory",
    "language": "en",
    "entity": "scheme:213800ZBKL9BHSL2K459",
    "period": "2022-01-01T00:00:00/2023-01-01T00:00:00"
   }
  },
  "fact-508": {
   "value": "<span class=\"_ _383\">4.\u2002Inter</span><span class=\"_ _1\"></span>est p<span class=\"_ _1\"></span>ayab<span class=\"_ _1\"></span>le an<span class=\"_ _1\"></span>d simil<span class=\"_ _1\"></span>ar char<span class=\"_ _1\"></span>ge<span class=\"_ _1\"></span>s<span class=\"_ _383\"> </span>2022<span class=\"_ _383\"> </span>\u00a3m<span class=\"_ _383\"> </span>2021<span class=\"_ _383\"> </span>\u00a3m<span class=\"_ _383\"> </span>At amortised cost:<span class=\"_ _21d\"> </span><span class=\"ls2\"> </span>On retail deposits<span class=\"_ _225\"> </span><span class=\"ff2 lsc4 wsc3\">2<span class=\"_ _2\"></span>5<span class=\"_ _0\"></span>7.<span class=\"_ _0\"></span>7<span class=\"_ _5c\"> </span></span><span class=\"ls9f wsbc\">15<span class=\"_ _1\"></span>6.7<span class=\"_ _383\"> </span></span>On BoE borrowings<span class=\"_ _226\"> </span><span class=\"ff2 ws6e\">64.8<span class=\"_ _e5\"> </span></span><span class=\"ls88 wse3\">4.5<span class=\"_ _383\"> </span></span>On PSBs<span class=\"_ _227\"> </span><span class=\"ff2 ws6e\">0.7<span class=\"_ _52\"> </span></span><span class=\"ls9f wsbc\">1.<span class=\"_ _1\"></span>2<span class=\"_ _383\"> </span></span>On subordinated liabilities<span class=\"_ _228\"> </span><span class=\"ff2 lsc3 wsc2\">1<span class=\"_ _1\"></span>.1<span class=\"_ _15e\"> </span></span><span class=\"ls9f wsbc\">0.<span class=\"_ _1\"></span>8<span class=\"_ _383\"> </span></span>On wholesale borro<span class=\"_ _6\"></span>wings<span class=\"_ _229\"> </span><span class=\"ff2 lsc5 wsc4\">3<span class=\"_ _1\"></span>.9<span class=\"_ _15e\"> </span></span><span class=\"ls9f wsbc\">0.<span class=\"_ _1\"></span>8<span class=\"_ _383\"> </span></span>On debt securities in issue<span class=\"_ _22a\"> </span><span class=\"ff2 lsc4 wsc3\">7.<span class=\"_ _2\"></span>7<span class=\"_ _52\"> </span></span><span class=\"ls86 wsf1\">3<span class=\"_ _1\"></span>.9<span class=\"_ _383\"> </span></span>On lease liabilities<span class=\"_ _22b\"> </span><span class=\"ff2 ws6e\">0.2<span class=\"_ _15e\"> </span></span><span class=\"ls9f wsbc\">0.3<span class=\"_ _383\"> </span></span>Amortisation of fair value adjustmen<span class=\"_ _6\"></span>ts on CCFS cus<span class=\"_ _6\"></span>tomer deposits at Combination<span class=\"_ _20c\"> </span><span class=\"ff2 lscb wscb\">(1.0)<span class=\"_ _4f\"> </span></span><span class=\"ls7e ws16\">(1<span class=\"_ _1\"></span>.5)<span class=\"_ _383\"> </span></span>Amortisation of fair value adjustmen<span class=\"_ _6\"></span>ts on hedged liabilities<span class=\"_ _383\"> </span>1<span class=\"_ _383\"> </span>(0.<span class=\"_ _1\"></span>8)<span class=\"_ _b2\"> </span><span class=\"ff1 lsed wsf2\">(<span class=\"_ _1\"></span>1<span class=\"_ _1\"></span>.1<span class=\"_ _1\"></span>)<span class=\"_ _383\"> </span></span>334.3<span class=\"_ _3d\"> </span><span class=\"ff1 ls7a wsa1\">165.6<span class=\"_ _383\"> </span></span>At FVTPL:<span class=\"_ _187\"> </span><span class=\"ls2\"> </span>Net expense/(income<span class=\"_ _6\"></span>) on derivative \ufb01nancial ins<span class=\"_ _6\"></span>truments \u2013 savings activities<span class=\"_ _22c\"> </span><span class=\"ff2 lsc3 wsc2\">2<span class=\"_ _1\"></span>5<span class=\"_ _1\"></span>.1<span class=\"_ _1c2\"> </span></span><span class=\"lsd7 wsd7\">(6<span class=\"_ _1\"></span>.4<span class=\"_ _1\"></span>)</span> <span class=\"_ _22d\"> </span><span class=\"ff2 lsc6 wsc5\">3<span class=\"_ _2\"></span>5<span class=\"_ _1\"></span>9.<span class=\"_ _1\"></span>4<span class=\"_ _5c\"> </span></span><span class=\"lsf8 wsfd\">1<span class=\"_ _2\"></span>5<span class=\"_ _2\"></span>9.<span class=\"_ _2\"></span>2<span class=\"_ _383\"> </span></span>1. <span class=\"_ _41\"> </span>Th<span class=\"_ _1\"></span>e am<span class=\"_ _1\"></span>or<span class=\"_ _1\"></span>ti<span class=\"_ _1\"></span>sa<span class=\"_ _1\"></span>tio<span class=\"_ _1\"></span>n re<span class=\"_ _1\"></span>la<span class=\"_ _1\"></span>tes t<span class=\"_ _1\"></span>o he<span class=\"_ _1\"></span>dg<span class=\"_ _1\"></span>e<span class=\"_ _1\"></span>d lia<span class=\"_ _1\"></span>bil<span class=\"_ _1\"></span>iti<span class=\"_ _1\"></span>es w<span class=\"_ _1\"></span>he<span class=\"_ _1\"></span>re t<span class=\"_ _1\"></span>he h<span class=\"_ _1\"></span>ed<span class=\"_ _1\"></span>ge<span class=\"_ _1\"></span>s we<span class=\"_ _1\"></span>re te<span class=\"_ _1\"></span>rm<span class=\"_ _1\"></span>in<span class=\"_ _1\"></span>ate<span class=\"_ _1\"></span>d be<span class=\"_ _1\"></span>fo<span class=\"_ _1\"></span>re m<span class=\"_ _1\"></span>atur<span class=\"_ _1\"></span>ity a<span class=\"_ _1\"></span>nd we<span class=\"_ _1\"></span>re e<span class=\"_ _1\"></span><span class=\"_ _383\">ffe</span><span class=\"_ _1\"></span>ct<span class=\"_ _1\"></span>ive a<span class=\"_ _1\"></span>t the p<span class=\"_ _1\"></span>o<span class=\"_ _1\"></span>int of t<span class=\"_ _1\"></span>er<span class=\"_ _1\"></span>min<span class=\"_ _1\"></span>ati<span class=\"_ _1\"></span>on<span class=\"_ _1\"></span>.<span class=\"_ _383\"> </span><span class=\"_ _383\">5.\u2002Fair value gains on \ufb01nancial instrum</span><span class=\"_ _1\"></span>ents<span class=\"_ _383\"> </span>2022<span class=\"_ _383\"> </span>\u00a3m<span class=\"_ _383\"> </span>2021<span class=\"_ _383\"> </span>\u00a3m<span class=\"_ _383\"> </span>Fair value changes in hedged assets<span class=\"_ _22e\"> </span><span class=\"ff2 lsa wse4\">(62<span class=\"_ _1\"></span>0<span class=\"_ _1\"></span>.<span class=\"_ _1\"></span>6<span class=\"_ _1\"></span>)<span class=\"_ _7d\"> </span></span><span class=\"lsc8 wsc8\">(<span class=\"_ _2\"></span>2<span class=\"_ _3\"> </span>9<span class=\"_ _2\"></span>7.<span class=\"_ _0\"></span>8<span class=\"_ _0\"></span>)<span class=\"_ _383\"> </span></span>Hedging of assets<span class=\"_ _225\"> </span><span class=\"ff2 lsc5 wsc4\">62<span class=\"_ _1\"></span>1<span class=\"_ _2\"></span>.9<span class=\"_ _3e\"> </span></span><span class=\"ls86 wsf1\">2<span class=\"_ _1\"></span>9<span class=\"_ _2\"></span>8<span class=\"_ _1\"></span>.9<span class=\"_ _2\"></span> </span>Fair value changes in hedged liabilities<span class=\"_ _22f\"> </span><span class=\"ff2 ls7e ws16\">33<span class=\"_ _1\"></span>.0<span class=\"_ _d0\"> </span></span><span class=\"lsc8 wsc8\">2<span class=\"_ _2\"></span>7.<span class=\"_ _2\"></span>4<span class=\"_ _383\"> </span></span>Hedging of liabilities<span class=\"_ _230\"> </span><span class=\"ff2 lsa wse4\">(<span class=\"_ _1\"></span>4<span class=\"_ _1\"></span>2<span class=\"_ _1\"></span>.4)<span class=\"_ _3b\"> </span></span><span class=\"lsed wsf2\">(2<span class=\"_ _1\"></span>6<span class=\"_ _1\"></span>.1<span class=\"_ _1\"></span>)<span class=\"_ _383\"> </span></span><span class=\"_ _383\">Ineffectiv</span><span class=\"_ _6\"></span>e portion of hedges<span class=\"_ _60\"> </span><span class=\"ff2 lsc3 wsc2\">(<span class=\"_ _1\"></span>8<span class=\"_ _2\"></span>.1<span class=\"_ _1\"></span>)<span class=\"_ _1b4\"> </span></span><span class=\"lsd7 wsd7\">2<span class=\"_ _2\"></span>.4<span class=\"_ _383\"> </span></span>Net gains on unmatched sw<span class=\"_ _6\"></span>aps <span class=\"_ _231\"> </span><span class=\"ff2 lsc4 wsc3\">5<span class=\"_ _2\"></span>7.<span class=\"_ _2\"></span>1<span class=\"_ _37\"> </span></span><span class=\"ls9f wsbc\">10.3<span class=\"_ _383\"> </span></span>Amortisation of inception adjustments<span class=\"_ _383\"> </span>1<span class=\"_ _383\"> </span>1.2<span class=\"_ _15e\"> </span><span class=\"ff1 ls11 ws6e\">3.0<span class=\"_ _383\"> </span></span>Amortisation of acquisition-related inception adjustmen<span class=\"_ _6\"></span>ts<span class=\"_ _383\"> </span>2<span class=\"_ _383\"> </span>10.2<span class=\"_ _37\"> </span><span class=\"ff1 lsd7 wsd7\">1<span class=\"_ _2\"></span>3<span class=\"_ _1\"></span>.4<span class=\"_ _383\"> </span></span>Amortisation of de-designated hedge relationships<span class=\"_ _383\"> </span>3<span class=\"_ _383\"> </span>(0<span class=\"_ _2\"></span>.1<span class=\"_ _1\"></span>)<span class=\"_ _d0\"> </span><span class=\"ff1 ls9f wsbc\">0.2<span class=\"_ _383\"> </span></span>Fair value mo<span class=\"_ _6\"></span>vements on mortgages at FVTPL<span class=\"_ _2b\"> </span><span class=\"ff2 lsc5 wsc4\">(<span class=\"_ _1\"></span>0<span class=\"_ _1\"></span>.9<span class=\"_ _1\"></span>)<span class=\"_ _1c2\"> </span></span><span class=\"ls9f wsbc\">1.2<span class=\"_ _383\"> </span></span>Debit and credit valuation adjus<span class=\"_ _6\"></span>tment<span class=\"_ _232\"> </span><span class=\"ff2 ls88 wse3\">(0.5<span class=\"_ _1\"></span>)<span class=\"_ _9c\"> </span></span><span class=\"ls7f wse1\">(1.0)</span> <span class=\"_ _233\"> </span><span class=\"ff2 ls1f ws1c\">58.<span class=\"_ _8\"></span>9<span class=\"_ _4f\"> </span><span class=\"ff1 lsf8 wsfd\">2<span class=\"_ _2\"></span>9.<span class=\"_ _2\"></span>5<span class=\"_ _383\"> </span></span></span>1.<span class=\"_ _6\"></span> <span class=\"_ _41\"> </span> <span class=\"_ _7\"></span>The amo<span class=\"_ _6\"></span>rtisation<span class=\"_ _6\"></span> of incep<span class=\"_ _6\"></span>tion ad<span class=\"_ _6\"></span>justment<span class=\"_ _6\"></span> relates<span class=\"_ _6\"></span> to t<span class=\"_ _6\"></span>he amortisat<span class=\"_ _6\"></span>ion o<span class=\"_ _6\"></span>f the<span class=\"_ _6\"></span> hedging ad<span class=\"_ _6\"></span>justments<span class=\"_ _6\"></span> arising<span class=\"_ _6\"></span> when hedge<span class=\"_ _6\"></span> accountin<span class=\"_ _6\"></span>g commences,<span class=\"_ _6\"></span> primaril<span class=\"_ _6\"></span>y on der<span class=\"_ _6\"></span>ivativ<span class=\"_ _6\"></span>e ins<span class=\"_ _1\"></span>tr<span class=\"_ _1\"></span>ume<span class=\"_ _1\"></span>nt<span class=\"_ _1\"></span>s pr<span class=\"_ _1\"></span>ev<span class=\"_ _1\"></span>iou<span class=\"_ _1\"></span>sl<span class=\"_ _1\"></span>y take<span class=\"_ _1\"></span>n ou<span class=\"_ _1\"></span>t ag<span class=\"_ _1\"></span>ain<span class=\"_ _1\"></span>st t<span class=\"_ _1\"></span>he m<span class=\"_ _1\"></span>or<span class=\"_ _1\"></span>tg<span class=\"_ _1\"></span>ag<span class=\"_ _1\"></span>e pi<span class=\"_ _1\"></span>pe<span class=\"_ _1\"></span>lin<span class=\"_ _1\"></span>e an<span class=\"_ _1\"></span>d al<span class=\"_ _1\"></span>so o<span class=\"_ _1\"></span>n de<span class=\"_ _1\"></span>ri<span class=\"_ _1\"></span>vati<span class=\"_ _1\"></span>ve i<span class=\"_ _1\"></span>ns<span class=\"_ _1\"></span>tru<span class=\"_ _1\"></span>me<span class=\"_ _1\"></span>nts p<span class=\"_ _1\"></span>re<span class=\"_ _1\"></span>vi<span class=\"_ _1\"></span>ou<span class=\"_ _1\"></span>sl<span class=\"_ _1\"></span>y taken o<span class=\"_ _1\"></span>ut a<span class=\"_ _1\"></span>ga<span class=\"_ _1\"></span>ins<span class=\"_ _1\"></span>t n<span class=\"_ _1\"></span>ew re<span class=\"_ _1\"></span>tai<span class=\"_ _1\"></span>l de<span class=\"_ _1\"></span>po<span class=\"_ _1\"></span>si<span class=\"_ _1\"></span>ts<span class=\"_ _1\"></span>.<span class=\"_ _383\"> </span>2. <span class=\"_ _34\"> </span> <span class=\"_ _7\"></span>Rel<span class=\"_ _1\"></span>ate<span class=\"_ _1\"></span>s to h<span class=\"_ _1\"></span>ed<span class=\"_ _1\"></span>ge a<span class=\"_ _1\"></span>cc<span class=\"_ _1\"></span>ou<span class=\"_ _1\"></span>nti<span class=\"_ _1\"></span>ng a<span class=\"_ _1\"></span>ss<span class=\"_ _1\"></span>et<span class=\"_ _1\"></span>s an<span class=\"_ _1\"></span>d lia<span class=\"_ _1\"></span>bil<span class=\"_ _1\"></span>iti<span class=\"_ _1\"></span>es r<span class=\"_ _1\"></span>ec<span class=\"_ _1\"></span>o<span class=\"_ _1\"></span>gni<span class=\"_ _1\"></span>se<span class=\"_ _1\"></span>d on t<span class=\"_ _1\"></span>he C<span class=\"_ _1\"></span>om<span class=\"_ _1\"></span>bi<span class=\"_ _1\"></span>nat<span class=\"_ _1\"></span>ion<span class=\"_ _1\"></span>. Th<span class=\"_ _1\"></span>e in<span class=\"_ _1\"></span>ce<span class=\"_ _1\"></span>pti<span class=\"_ _1\"></span>on a<span class=\"_ _1\"></span>dju<span class=\"_ _1\"></span>st<span class=\"_ _1\"></span>me<span class=\"_ _1\"></span>nt<span class=\"_ _1\"></span>s are b<span class=\"_ _1\"></span>ei<span class=\"_ _1\"></span>ng a<span class=\"_ _1\"></span>mo<span class=\"_ _1\"></span>r<span class=\"_ _1\"></span>tis<span class=\"_ _1\"></span>e<span class=\"_ _1\"></span>d ove<span class=\"_ _1\"></span>r the l<span class=\"_ _1\"></span>ife o<span class=\"_ _1\"></span>f the d<span class=\"_ _1\"></span>e<span class=\"_ _1\"></span>riv<span class=\"_ _1\"></span>ati<span class=\"_ _1\"></span>ve instruments acqu<span class=\"_ _1\"></span>ired on Combination subs<span class=\"_ _1\"></span>equently design<span class=\"_ _1\"></span>ated in hedging relation<span class=\"_ _1\"></span>ships.<span class=\"_ _383\"> </span>3. <span class=\"_ _34\"> </span>Re<span class=\"_ _1\"></span>la<span class=\"_ _1\"></span>te<span class=\"_ _1\"></span>s to th<span class=\"_ _1\"></span>e am<span class=\"_ _1\"></span>or<span class=\"_ _1\"></span>ti<span class=\"_ _1\"></span>sat<span class=\"_ _1\"></span>io<span class=\"_ _1\"></span>n of he<span class=\"_ _1\"></span>d<span class=\"_ _1\"></span>ge<span class=\"_ _1\"></span>d ite<span class=\"_ _1\"></span>ms w<span class=\"_ _1\"></span>he<span class=\"_ _1\"></span>re h<span class=\"_ _1\"></span>e<span class=\"_ _1\"></span>dg<span class=\"_ _1\"></span>e ac<span class=\"_ _1\"></span>co<span class=\"_ _1\"></span>unt<span class=\"_ _1\"></span>ing h<span class=\"_ _1\"></span>as b<span class=\"_ _1\"></span>e<span class=\"_ _1\"></span>en d<span class=\"_ _1\"></span>is<span class=\"_ _1\"></span>co<span class=\"_ _1\"></span>ntin<span class=\"_ _1\"></span>ue<span class=\"_ _1\"></span>d du<span class=\"_ _1\"></span>e to in<span class=\"_ _1\"></span><span class=\"_ _383\">eff</span><span class=\"_ _1\"></span>ec<span class=\"_ _1\"></span>ti<span class=\"_ _1\"></span>ve<span class=\"_ _1\"></span>ne<span class=\"_ _1\"></span>ss<span class=\"_ _383\"> </span><span class=\"_ _1\"></span>.<span class=\"_ _383\"> </span><span class=\"_ _383\">6.\u2002Gai</span><span class=\"_ _1\"></span>n on sal<span class=\"_ _1\"></span>es of \ufb01<span class=\"_ _1\"></span>nanc<span class=\"_ _1\"></span>ial ins<span class=\"_ _1\"></span>trum<span class=\"_ _1\"></span>ents<span class=\"_ _383\"> </span>There w<span class=\"_ _6\"></span>ere no sales of \ufb01nancial ins<span class=\"_ _6\"></span>truments during the year ended 31 December 2022.<span class=\"_ _383\"> </span>On 10 February 2021, the Group sold the Pr<span class=\"_ _6\"></span>ecise Mortgage Funding 2019-<span class=\"_ _6\"></span>1B plc A2 notes for \u00a328<span class=\"_ _8\"></span>7<span class=\"_ _1f6\"></span>.0m, generating a gain on sale o<span class=\"_ _6\"></span>f \u00a34<span class=\"_ _6\"></span>.<span class=\"_ _6\"></span>0m. Excluding the impact o<span class=\"_ _6\"></span>f the fair value adjustmen<span class=\"_ _6\"></span>t on Combination of \u00a31.7<span class=\"_ _8\"></span>m, the underlying gain on sale was \u00a32.3m<span class=\"_ _383\"> </span><div class=\"t m0 hc ff2 fs7 fc2 sc0 ls2c ws29 gsad2\"><span class=\"_ _383\">46.\u2002Financial instrume</span><span class=\"_ _1\"></span>nts and fair values<span class=\"_ _383\"> </span></div><div class=\"t m0 hc ff2 fs7 fc3 sc0 ls2 ws2 gsad3\"><span class=\"_ _383\">i.\u2002Financ</span><span class=\"_ _1\"></span>ial as<span class=\"_ _1\"></span>set<span class=\"_ _1\"></span>s and \ufb01n<span class=\"_ _1\"></span>anci<span class=\"_ _1\"></span>al liabi<span class=\"_ _1\"></span>lities<span class=\"_ _383\"> </span></div><div class=\"t m0 hd ff1 fs7 fc3 sc0 ls11 ws2 gsad4\">The following t<span class=\"_ _6\"></span>able sets out the classi\ufb01cation of \ufb01nancial ins<span class=\"_ _6\"></span>truments in the Consolidated St<span class=\"_ _6\"></span>atement of Financial Position:<span class=\"_ _383\"> </span></div><div class=\"t m0 h8 ff1 fs5 fc3 sc0 lsc9 wsc9 gsad5\">Note<span class=\"_ _383\"> </span></div><div class=\"t m0 h3a ff2 fs5 fc3 sc0 lse ws71 gsad6\">2022<span class=\"_ _383\"> </span></div><div class=\"t m0 h3a ff2 fs5 fc3 sc0 lse ws71 gsad7\">Designated </div><div class=\"t m0 h3a ff2 fs5 fc3 sc0 lse ws71 gsad8\">FV<span class=\"_ _1\"></span>TPL<span class=\"_ _383\"> </span></div><div class=\"t m0 h3a ff2 fs5 fc3 sc0 lse ws71 gsad9\">\u00a3m<span class=\"_ _383\"> </span></div><div class=\"t m0 h3a ff2 fs5 fc3 sc0 lse ws71 gsada\">Mandatorily </div><div class=\"t m0 h3a ff2 fs5 fc3 sc0 lse ws71 gsadb\">FV<span class=\"_ _1\"></span>TPL<span class=\"_ _383\"> </span></div><div class=\"t m0 h3a ff2 fs5 fc3 sc0 lse ws71 gsadc\">\u00a3m<span class=\"_ _383\"> </span></div><div class=\"t m0 h3a ff2 fs5 fc3 sc0 ls171 ws18d gsadd\">F<span class=\"_ _1\"></span>VO<span class=\"_ _1\"></span>C<span class=\"_ _1\"></span>I<span class=\"_ _383\"> </span></div><div class=\"t m0 h3a ff2 fs5 fc3 sc0 lse ws71 gsade\">\u00a3m<span class=\"_ _383\"> </span></div><div class=\"t m0 h3a ff2 fs5 fc3 sc0 lse ws71 gsadf\">Amortised<span class=\"_ _1\"></span> </div><div class=\"t m0 h3a ff2 fs5 fc3 sc0 ls62 ws187 gsae0\">cost<span class=\"_ _383\"> </span></div><div class=\"t m0 h3a ff2 fs5 fc3 sc0 lse ws71 gsae1\">\u00a3m<span class=\"_ _383\"> </span></div><div class=\"t m0 h3a ff2 fs5 fc3 sc0 lse ws2 gsae2\">T<span class=\"_ _8\"></span>otal carrying<span class=\"_ _1\"></span> </div><div class=\"t m0 h3a ff2 fs5 fc3 sc0 lse ws71 gsae3\">amount<span class=\"_ _383\"> </span></div><div class=\"t m0 h3a ff2 fs5 fc3 sc0 lse ws71 gsae4\">\u00a3m<span class=\"_ _383\"> </span></div><div class=\"t m0 hd ff2 fs7 fc3 sc0 lsc9 wsc9 gsae5\">Assets<span class=\"_ _21b\"> </span><span class=\"ff1 ls2 ws2\"> <span class=\"_ _11a\"> </span><span class=\"ff2\"> <span class=\"_ _11a\"> </span> <span class=\"_ _21a\"> </span> <span class=\"_ _11a\"> </span> <span class=\"_ _11a\"> </span> </span></span></div><div class=\"t m0 hd ff1 fs7 fc3 sc0 ls11 ws2 gsae6\">Cash in hand<span class=\"_ _2f8\"> </span><span class=\"ls2\"> <span class=\"_ _111\"> </span><span class=\"ff2\">\u2013 <span class=\"_ _3f\"> </span>\u2013 <span class=\"_ _20e\"> </span>\u2013 <span class=\"_ _d0\"> </span><span class=\"ls81 wsdf\">0<span class=\"_ _1\"></span>.4<span class=\"_ _15c\"> </span>0<span class=\"_ _1\"></span>.4<span class=\"_ _383\"> </span></span></span></span></div><div class=\"t m0 hd ff1 fs7 fc3 sc0 ls11 ws2 gsae7\">Loans and adv<span class=\"_ _6\"></span>ances to credit institutions<span class=\"_ _19c\"> </span><span class=\"ls14 ws11\">18<span class=\"_ _1cc\"> </span></span><span class=\"ff2 ls2\">\u2013 <span class=\"_ _3f\"> </span>\u2013 <span class=\"_ _20e\"> </span>\u2013 <span class=\"_ _19f\"> </span><span class=\"lsf9 ws82\">3,365.7<span class=\"_ _6c\"> </span>3,365.<span class=\"_ _6\"></span>7<span class=\"_ _383\"> </span></span></span></div><div class=\"t m0 hd ff1 fs7 fc3 sc0 ls11 ws2 gsae8\">Inv<span class=\"_ _6\"></span>estment securities<span class=\"_ _c2\"> </span><span class=\"ws6e\">19<span class=\"_ _15c\"> </span><span class=\"ff2\">0.5<span class=\"_ _1cc\"> </span><span class=\"ls2 ws2\">\u2013 <span class=\"_ _98\"> </span><span class=\"ls6f ws75\">149<span class=\"_ _1f6\"></span>.<span class=\"_ _1\"></span>8<span class=\"_ _98\"> </span><span class=\"ls12 wsf\">262.<span class=\"_ _1\"></span>6<span class=\"_ _3e\"> </span><span class=\"lsc5 wsc4\">41<span class=\"_ _1\"></span>2<span class=\"_ _1\"></span>.9<span class=\"_ _383\"> </span></span></span></span></span></span></span></div><div class=\"t m0 hd ff1 fs7 fc3 sc0 ls11 ws2 gsae9\">Loans and adv<span class=\"_ _6\"></span>ances to customer<span class=\"_ _6\"></span>s<span class=\"_ _16d\"> </span><span class=\"ls14 ws11\">20<span class=\"_ _254\"> </span></span><span class=\"ff2 ws6e\">14.6<span class=\"_ _1cc\"> </span><span class=\"ls2 ws2\">\u2013 <span class=\"_ _3f\"> </span>\u2013 <span class=\"_ _b3\"> </span><span class=\"lscd wsce\">2<span class=\"_ _1\"></span>3,598<span class=\"_ _1\"></span>.<span class=\"_ _6\"></span>1<span class=\"_ _67\"> </span><span class=\"ls33 ws30\">2<span class=\"_ _1\"></span>3<span class=\"_ _1\"></span>,61<span class=\"_ _1\"></span>2<span class=\"_ _1\"></span>.<span class=\"_ _1\"></span>7<span class=\"_ _383\"> </span></span></span></span></span></div><div class=\"t m0 hd ff1 fs7 fc3 sc0 ls11 ws2 gsaea\">Derivative asset<span class=\"_ _6\"></span>s<span class=\"_ _7b\"> </span><span class=\"ls14 ws11\">25<span class=\"_ _116\"> </span></span><span class=\"ff2 ls2\">\u2013 <span class=\"_ _8c\"> </span><span class=\"ls1f ws1c\">888.<span class=\"_ _8\"></span>1<span class=\"_ _1cc\"> </span><span class=\"ls2 ws2\">\u2013 <span class=\"_ _3f\"> </span>\u2013 <span class=\"_ _70\"> </span></span>888.<span class=\"_ _6\"></span>1<span class=\"_ _383\"> </span></span></span></div><div class=\"t m0 hd ff1 fs7 fc3 sc0 ls11 ws2 gsaeb\">Other assets<span class=\"_ _383\"> </span></div><div class=\"t m0 h1f ff1 fsf fc3 sc0 ls2 ws2 gsaec\">1<span class=\"_ _383\"> </span></div><div class=\"t m0 hd ff1 fs7 fc3 sc0 lscd wsce gsaed\">27<span class=\"_ _1cc\"> </span><span class=\"ff2 ls2 ws2\">\u2013 <span class=\"_ _3f\"> </span>\u2013 <span class=\"_ _20e\"> </span>\u2013 <span class=\"_ _63\"> </span><span class=\"ls14 ws11\">1.8<span class=\"_ _8b\"> </span>1.8</span></span></div><div class=\"t m0 hd ff1 fs7 fc3 sc0 ls2 ws2 gsaee\"> <span class=\"_ _253\"> </span> <span class=\"_ _15c\"> </span><span class=\"ff2 lsc3 wsc2\">1<span class=\"_ _1\"></span>5<span class=\"_ _2\"></span>.1<span class=\"_ _5a\"> </span><span class=\"ls1f ws1c\">888.1<span class=\"_ _5a\"> </span><span class=\"ls6f ws75\">149<span class=\"_ _8\"></span>.<span class=\"_ _1\"></span>8<span class=\"_ _a2\"> </span><span class=\"lse4 wse9\">2<span class=\"_ _0\"></span>7,<span class=\"_ _0\"> </span>2<span class=\"_ _0\"></span>2<span class=\"_ _0\"></span>8<span class=\"_ _0\"></span>.<span class=\"_ _0\"></span>6<span class=\"_ _1fe\"> </span><span class=\"ls14 ws11\">2<span class=\"_ _1\"></span>8,<span class=\"_ _1\"></span>281.6<span class=\"_ _383\"> </span></span></span></span></span></span></div><div class=\"t m0 hd ff2 fs7 fc3 sc0 ls11 ws6e gsaef\">Liabilities<span class=\"_ _ad\"> </span><span class=\"ff1 ls2 ws2\"> <span class=\"_ _11a\"> </span><span class=\"ff2\"> <span class=\"_ _11a\"> </span> <span class=\"_ _11a\"> </span> <span class=\"_ _11a\"> </span> <span class=\"_ _11a\"> </span> </span></span></div><div class=\"t m0 hd ff1 fs7 fc3 sc0 ls11 ws2 gsaf0\">Amounts o<span class=\"_ _6\"></span>wed to r<span class=\"_ _6\"></span>etail depositor<span class=\"_ _6\"></span>s<span class=\"_ _330\"> </span><span class=\"ls7d wse2\">32<span class=\"_ _1cc\"> </span></span><span class=\"ff2 ls2\">\u2013 <span class=\"_ _20e\"> </span>\u2013 <span class=\"_ _3f\"> </span>\u2013 <span class=\"_ _fc\"> </span><span class=\"lsd3 ws86\">19<span class=\"_ _8\"></span>,755.8<span class=\"_ _fd\"> </span>19<span class=\"_ _8\"></span>,755.8<span class=\"_ _383\"> </span></span></span></div><div class=\"t m0 hd ff1 fs7 fc3 sc0 ls11 ws2 gsaf1\">Amounts o<span class=\"_ _6\"></span>wed to cr<span class=\"_ _6\"></span>edit institutions<span class=\"_ _331\"> </span><span class=\"ls7d wse2\">31<span class=\"_ _1cc\"> </span></span><span class=\"ff2 ls2\">\u2013 <span class=\"_ _3f\"> </span>\u2013 <span class=\"_ _20e\"> </span>\u2013 <span class=\"_ _aa\"> </span><span class=\"lsc5 wsc4\">5<span class=\"_ _1\"></span>,<span class=\"_ _2\"></span>0<span class=\"_ _1\"></span>9<span class=\"_ _1\"></span>2<span class=\"_ _2\"></span>.9<span class=\"_ _66\"> </span>5<span class=\"_ _1\"></span>,<span class=\"_ _1\"></span>0<span class=\"_ _2\"></span>9<span class=\"_ _1\"></span>2<span class=\"_ _1\"></span>.9<span class=\"_ _383\"> </span></span></span></div><div class=\"t m0 hd ff1 fs7 fc3 sc0 ls11 ws2 gsaf2\">Amounts o<span class=\"_ _6\"></span>wed to o<span class=\"_ _6\"></span>ther customer<span class=\"_ _6\"></span>s<span class=\"_ _330\"> </span><span class=\"ls73 ws7a\">33<span class=\"_ _116\"> </span></span><span class=\"ff2 ls2\">\u2013 <span class=\"_ _3f\"> </span>\u2013 <span class=\"_ _20e\"> </span>\u2013 <span class=\"_ _3d\"> </span><span class=\"lsc3 wsc2\">1<span class=\"_ _1\"></span>1<span class=\"_ _1\"></span>3<span class=\"_ _2\"></span>.1<span class=\"_ _9d\"> </span>11<span class=\"_ _2\"></span>3<span class=\"_ _1\"></span>.1<span class=\"_ _383\"> </span></span></span></div><div class=\"t m0 hd ff1 fs7 fc3 sc0 ls11 ws2 gsaf3\">Debt securities in issue<span class=\"_ _d4\"> </span><span class=\"ls2c ws29\">34<span class=\"_ _1cc\"> </span></span><span class=\"ff2 ls2\">\u2013 <span class=\"_ _20e\"> </span>\u2013 <span class=\"_ _3f\"> </span>\u2013 <span class=\"_ _122\"> </span><span class=\"lsc5 wsc4\">2<span class=\"_ _1\"></span>6<span class=\"_ _1\"></span>5<span class=\"_ _2\"></span>.9<span class=\"_ _50\"> </span>26<span class=\"_ _2\"></span>5<span class=\"_ _1\"></span>.9<span class=\"_ _383\"> </span></span></span></div><div class=\"t m0 hd ff1 fs7 fc3 sc0 ls11 ws2 gsaf4\">Derivative liabilities<span class=\"_ _c5\"> </span><span class=\"ls14 ws11\">25<span class=\"_ _1cc\"> </span></span><span class=\"ff2 ls2\">\u2013 <span class=\"_ _70\"> </span>106.6<span class=\"_ _1cc\"> </span>\u2013 <span class=\"_ _3f\"> </span>\u2013 <span class=\"_ _83\"> </span>106.6<span class=\"_ _383\"> </span></span></div><div class=\"t m0 hd ff1 fs7 fc3 sc0 ls11 ws2 gsaf5\">Other liabilities<span class=\"_ _383\"> </span></div><div class=\"t m0 h1f ff1 fsf fc3 sc0 ls2 ws2 gsaf6\">2<span class=\"_ _383\"> </span></div><div class=\"t m0 hd ff1 fs7 fc3 sc0 lsd4 ws46 gsaf7\">36<span class=\"_ _1cc\"> </span><span class=\"ff2 ls2 ws2\">\u2013 <span class=\"_ _20e\"> </span>\u2013 <span class=\"_ _3f\"> </span>\u2013 <span class=\"_ _2ab\"> </span><span class=\"lsc3 wsc2\">3<span class=\"_ _2\"></span>8<span class=\"_ _2\"></span>.1<span class=\"_ _4f\"> </span>3<span class=\"_ _2\"></span>8<span class=\"_ _1\"></span>.1<span class=\"_ _383\"> </span></span></span></div><div class=\"t m0 hd ff1 fs7 fc3 sc0 ls11 ws2 gsaf8\">Subordinated liabilities<span class=\"_ _27\"> </span><span class=\"ls2\">39<span class=\"_ _1cc\"> </span><span class=\"ff2\">\u2013 <span class=\"_ _3f\"> </span>\u2013 <span class=\"_ _20e\"> </span>\u2013 <span class=\"_ _3f\"> </span>\u2013 <span class=\"_ _20e\"> </span>\u2013 </span></span></div><div class=\"t m0 hd ff1 fs7 fc3 sc0 ls11 ws6e gsaf9\">PSBs<span class=\"_ _332\"> </span><span class=\"ls1f ws1c\">40<span class=\"_ _1cc\"> </span><span class=\"ff2 ls2 ws2\">\u2013 <span class=\"_ _20e\"> </span>\u2013 <span class=\"_ _3f\"> </span>\u2013 <span class=\"_ _5c\"> </span><span class=\"lscd wsce\">15.<span class=\"_ _1\"></span>2<span class=\"_ _55\"> </span>15.2</span></span></span></div><div class=\"t m0 hd ff1 fs7 fc3 sc0 ls2 ws2 gsafa\"> <span class=\"_ _253\"> </span> <span class=\"_ _111\"> </span><span class=\"ff2\">\u2013 <span class=\"_ _70\"> </span>106.6<span class=\"_ _1cc\"> </span>\u2013 <span class=\"_ _b5\"> </span><span class=\"ls14 ws11\">25,<span class=\"_ _1\"></span>281.0<span class=\"_ _ff\"> </span><span class=\"lsff ws91\">25,387<span class=\"_ _1f6\"></span>.6<span class=\"_ _383\"> </span></span></span></span></div><div class=\"t m0 h8 ff1 fs5 fc3 sc0 ls16a wsb2 gsafb\">1.<span class=\"_ _6\"></span> <span class=\"_ _41\"> </span>Balance ex<span class=\"_ _6\"></span>cludes prepa<span class=\"_ _6\"></span>yments.<span class=\"_ _383\"> </span></div><div class=\"t m0 h8 ff1 fs5 fc3 sc0 ls16a wsb2 gsafc\">2. <span class=\"_ _149\"> </span>Balance exc<span class=\"_ _6\"></span>ludes defer<span class=\"_ _6\"></span>red income<span class=\"_ _383\"> </span>.<span class=\"_ _383\"> </span></div><span class=\"_ _383\">i.\u2002Financ</span><span class=\"_ _1\"></span>ial as<span class=\"_ _1\"></span>set<span class=\"_ _1\"></span>s and \ufb01n<span class=\"_ _1\"></span>anci<span class=\"_ _1\"></span>al liabi<span class=\"_ _1\"></span>lities<span class=\"ff5 lsd4 ws46\"> c<span class=\"_ _1\"></span>ontinue<span class=\"_ _1\"></span>d<span class=\"_ _383\"> </span></span>Note<span class=\"_ _383\"> </span>2021<span class=\"_ _383\"> </span>Designated FV<span class=\"_ _1\"></span>TPL<span class=\"_ _383\"> </span>\u00a3m<span class=\"_ _383\"> </span>Mandatorily FV<span class=\"_ _1\"></span>TPL<span class=\"_ _383\"> </span>\u00a3m<span class=\"_ _383\"> </span>FVOCI<span class=\"_ _383\"> </span>\u00a3m<span class=\"_ _383\"> </span>Amortised cost<span class=\"_ _383\"> </span>\u00a3m<span class=\"_ _383\"> </span>T<span class=\"_ _8\"></span>otal carrying amount<span class=\"_ _383\"> </span>\u00a3m<span class=\"_ _383\"> </span>Assets<span class=\"_ _21b\"> </span><span class=\"ff1 ls2 ws2\"> <span class=\"_ _21a\"> </span> </span>Cash in hand<span class=\"_ _2f8\"> </span><span class=\"ls2\"> <span class=\"_ _333\"> </span>\u2013 <span class=\"_ _3f\"> </span>\u2013 <span class=\"_ _20e\"> </span>\u2013 <span class=\"_ _1b4\"> </span><span class=\"ls9f wsbc\">0.5<span class=\"_ _15e\"> </span>0.5<span class=\"_ _383\"> </span></span></span>Loans and adv<span class=\"_ _6\"></span>ances to credit institutions<span class=\"_ _19c\"> </span><span class=\"ls14 ws11\">18<span class=\"_ _1cc\"> </span></span><span class=\"ls2\">\u2013 <span class=\"_ _3f\"> </span>\u2013 <span class=\"_ _3f\"> </span>\u2013 <span class=\"_ _a5\"> </span><span class=\"ls2c ws29\">2,843.6<span class=\"_ _6e\"> </span>2,843.6<span class=\"_ _383\"> </span></span></span>Inv<span class=\"_ _6\"></span>estment securities<span class=\"_ _c2\"> </span><span class=\"ws6e\">19<span class=\"_ _8b\"> </span><span class=\"ls9f wsbc\">0.7<span class=\"_ _d9\"> </span></span></span><span class=\"ls2\">\u2013 <span class=\"_ _3e\"> </span><span class=\"lsc8 wsc8\">1<span class=\"_ _0\"></span>6<span class=\"_ _2\"></span>7.<span class=\"_ _0\"></span>6<span class=\"_ _5c\"> </span><span class=\"lsed wsf2\">3<span class=\"_ _2\"></span>2<span class=\"_ _1\"></span>3<span class=\"_ _1\"></span>.1<span class=\"_ _5c\"> </span><span class=\"lsd7 wsd7\">49<span class=\"_ _2\"></span>1<span class=\"_ _1\"></span>.4<span class=\"_ _383\"> </span></span></span></span></span>Loans and adv<span class=\"_ _6\"></span>ances to customer<span class=\"_ _6\"></span>s<span class=\"_ _16d\"> </span><span class=\"ls14 ws11\">20<span class=\"_ _1c2\"> </span><span class=\"lsc8 wsc8\">1<span class=\"_ _2\"></span>7.<span class=\"_ _0\"></span>7<span class=\"_ _35\"> </span></span></span><span class=\"ls2\">\u2013 <span class=\"_ _3f\"> </span>\u2013 <span class=\"_ _1fe\"> </span><span class=\"lsc9 wsc9\">21<span class=\"_ _1\"></span>,062.<span class=\"_ _1\"></span>6<span class=\"_ _19f\"> </span><span class=\"ls9f wsbc\">21,08<span class=\"_ _1\"></span>0.3<span class=\"_ _383\"> </span></span></span></span>Derivative asset<span class=\"_ _6\"></span>s<span class=\"_ _7b\"> </span><span class=\"ls14 ws11\">25<span class=\"_ _1cc\"> </span></span><span class=\"ls2\">\u2013 <span class=\"_ _a9\"> </span><span class=\"ls14 ws11\">185.7<span class=\"_ _d9\"> </span></span>\u2013 <span class=\"_ _20e\"> </span>\u2013 <span class=\"_ _a9\"> </span><span class=\"ls14 ws11\">18<span class=\"_ _1\"></span>5.7<span class=\"_ _383\"> </span></span></span>Other assets1<span class=\"_ _383\"> </span>27<span class=\"_ _1cc\"> </span><span class=\"ls2 ws2\">\u2013 <span class=\"_ _3f\"> </span>\u2013 <span class=\"_ _3f\"> </span>\u2013 <span class=\"_ _57\"> </span><span class=\"ls86 wsf1\">0<span class=\"_ _1\"></span>.9<span class=\"_ _8b\"> </span>0<span class=\"_ _2\"></span>.9</span></span> <span class=\"_ _253\"> </span> <span class=\"_ _1c2\"> </span><span class=\"lsd7 wsd7\">1<span class=\"_ _1\"></span>8<span class=\"_ _2\"></span>.4<span class=\"_ _e8\"> </span><span class=\"ls14 ws11\">185.7<span class=\"_ _93\"> </span><span class=\"lsc8 wsc8\">1<span class=\"_ _2\"></span>6<span class=\"_ _2\"></span>7.<span class=\"_ _0\"></span>6<span class=\"_ _19f\"> </span><span class=\"ls88 wse3\">24,<span class=\"_ _2\"></span>23<span class=\"_ _1\"></span>0.<span class=\"_ _1\"></span>7<span class=\"_ _a6\"> </span></span></span></span></span>24,602.<span class=\"_ _8\"></span>4<span class=\"_ _383\"> </span>Liabilities<span class=\"_ _ad\"> </span><span class=\"ff1 ls2 ws2\"> <span class=\"_ _11a\"> </span> </span>Amounts o<span class=\"_ _6\"></span>wed to r<span class=\"_ _6\"></span>etail depositor<span class=\"_ _6\"></span>s<span class=\"_ _330\"> </span><span class=\"ls7d wse2\">32<span class=\"_ _1cc\"> </span></span><span class=\"ls2\">\u2013 <span class=\"_ _3f\"> </span>\u2013 <span class=\"_ _3f\"> </span>\u2013 <span class=\"_ _19f\"> </span><span class=\"lsc8 wsc8\">1<span class=\"_ _2\"></span>7,<span class=\"_ _0\"></span>5<span class=\"_ _0\"></span>2<span class=\"_ _0\"></span>6<span class=\"_ _0\"></span>.<span class=\"_ _1\"></span>4<span class=\"_ _121\"> </span>1<span class=\"_ _2\"></span>7,<span class=\"_ _0\"></span>5<span class=\"_ _0\"></span>2<span class=\"_ _2\"></span>6<span class=\"_ _0\"> </span>.<span class=\"_ _2\"></span>4<span class=\"_ _383\"> </span></span></span>Amounts o<span class=\"_ _6\"></span>wed to cr<span class=\"_ _6\"></span>edit institutions<span class=\"_ _331\"> </span><span class=\"ls7d wse2\">31<span class=\"_ _1cc\"> </span></span><span class=\"ls2\">\u2013 <span class=\"_ _3f\"> </span>\u2013 <span class=\"_ _3f\"> </span>\u2013 <span class=\"_ _6b\"> </span><span class=\"lsf8 wsfd\">4<span class=\"_ _1\"></span>,<span class=\"_ _2\"></span>3<span class=\"_ _2\"></span>1<span class=\"_ _2\"></span>9.<span class=\"_ _2\"></span>6<span class=\"_ _7f\"> </span>4<span class=\"_ _2\"></span>,<span class=\"_ _2\"></span>3<span class=\"_ _2\"></span>1<span class=\"_ _1\"></span>9.<span class=\"_ _2\"></span>6<span class=\"_ _383\"> </span></span></span>Amounts o<span class=\"_ _6\"></span>wed to o<span class=\"_ _6\"></span>ther customer<span class=\"_ _6\"></span>s<span class=\"_ _330\"> </span><span class=\"ls73 ws7a\">33<span class=\"_ _116\"> </span></span><span class=\"ls2\">\u2013 <span class=\"_ _3f\"> </span>\u2013 <span class=\"_ _3f\"> </span>\u2013 <span class=\"_ _5c\"> </span><span class=\"ls14 ws11\">92.6<span class=\"_ _55\"> </span>92.6<span class=\"_ _383\"> </span></span></span>Debt securities in issue<span class=\"_ _d4\"> </span><span class=\"ls2c ws29\">34<span class=\"_ _1cc\"> </span></span><span class=\"ls2\">\u2013 <span class=\"_ _3f\"> </span>\u2013 <span class=\"_ _20e\"> </span>\u2013 <span class=\"_ _70\"> </span><span class=\"ls9f wsbc\">460.3<span class=\"_ _a9\"> </span>46<span class=\"_ _1\"></span>0.3<span class=\"_ _383\"> </span></span></span>Derivative liabilities<span class=\"_ _c5\"> </span><span class=\"ls14 ws11\">25<span class=\"_ _1cc\"> </span></span><span class=\"ls2\">\u2013 <span class=\"_ _4f\"> </span><span class=\"lsf8 wsfd\">1<span class=\"_ _2\"></span>9.<span class=\"_ _2\"></span>7<span class=\"_ _d9\"> </span></span>\u2013 <span class=\"_ _3f\"> </span>\u2013 <span class=\"_ _254\"> </span><span class=\"lsf8 wsfd\">1<span class=\"_ _2\"></span>9.<span class=\"_ _2\"></span>7<span class=\"_ _383\"> </span></span></span>Other liabilities2<span class=\"_ _383\"> </span>36<span class=\"_ _1cc\"> </span><span class=\"ls2 ws2\">\u2013 <span class=\"_ _3f\"> </span>\u2013 <span class=\"_ _20e\"> </span>\u2013 <span class=\"_ _5c\"> </span><span class=\"ls54 ws55\">28.8<span class=\"_ _55\"> </span>28.8<span class=\"_ _383\"> </span></span></span>Subordinated liabilities<span class=\"_ _27\"> </span><span class=\"ls2\">39<span class=\"_ _1cc\"> </span>\u2013 <span class=\"_ _3f\"> </span>\u2013 <span class=\"_ _3f\"> </span>\u2013 <span class=\"_ _93\"> </span><span class=\"ls9f wsbc\">10.<span class=\"_ _1\"></span>3<span class=\"_ _61\"> </span>10.3<span class=\"_ _383\"> </span></span></span>PSBs<span class=\"_ _332\"> </span><span class=\"ls1f ws1c\">40<span class=\"_ _1cc\"> </span><span class=\"ls2 ws2\">\u2013 <span class=\"_ _3f\"> </span>\u2013 <span class=\"_ _20e\"> </span>\u2013 <span class=\"_ _96\"> </span><span class=\"ls9f wsbc\">15.2<span class=\"_ _61\"> </span>15.<span class=\"_ _1\"></span>2</span></span></span> <span class=\"_ _253\"> </span> <span class=\"_ _111\"> </span>\u2013 <span class=\"_ _4f\"> </span><span class=\"lsf8 wsfd\">1<span class=\"_ _2\"></span>9.<span class=\"_ _2\"></span>7<span class=\"_ _d9\"> </span></span>\u2013 <span class=\"_ _a2\"> </span><span class=\"lsd7 wsd7\">2<span class=\"_ _1\"></span>2<span class=\"_ _1\"></span>,4<span class=\"_ _1\"></span>5<span class=\"_ _2\"></span>3<span class=\"_ _1\"></span>.<span class=\"_ _2\"></span>2<span class=\"_ _89\"> </span></span>22,<span class=\"_ _8\"></span>4<span class=\"_ _6\"></span>72.<span class=\"_ _8\"></span>9<span class=\"_ _383\"> </span>1.<span class=\"_ _6\"></span> <span class=\"_ _41\"> </span>Balance ex<span class=\"_ _6\"></span>cludes prepa<span class=\"_ _6\"></span>yments.<span class=\"_ _383\"> </span>2. <span class=\"_ _149\"> </span>Balance exc<span class=\"_ _6\"></span>ludes defer<span class=\"_ _6\"></span>red income.<span class=\"_ _383\"> </span>The Group has no non-derivativ<span class=\"_ _6\"></span>e \ufb01nancial assets or \ufb01nancial liabilities classi\ufb01ed as held for tr<span class=\"_ _6\"></span>ading.<span class=\"_ _383\"> </span><span class=\"_ _383\">ii.\u2002Fair value</span><span class=\"_ _1\"></span>s<span class=\"_ _383\"> </span>The following t<span class=\"_ _6\"></span>ables summarise the carrying value and estimat<span class=\"_ _6\"></span>ed fair value of \ufb01nancial ins<span class=\"_ _6\"></span>truments not measur<span class=\"_ _6\"></span>ed at fair value in the Consolidated Statemen<span class=\"_ _6\"></span>t of Financial Position: 2022<span class=\"_ _a0\"> </span><span class=\"ff1\">2021<span class=\"_ _383\"> </span></span>Carrying value<span class=\"_ _383\"> </span>\u00a3m<span class=\"_ _383\"> </span>Estimated fair value<span class=\"_ _383\"> </span>\u00a3m<span class=\"_ _383\"> </span>Carrying <span class=\"ls2 ws2\"> </span>value<span class=\"_ _383\"> </span>\u00a3m<span class=\"_ _383\"> </span>Estimated fair value<span class=\"_ _383\"> </span>\u00a3m<span class=\"_ _383\"> </span>Assets<span class=\"_ _334\"> </span><span class=\"ls2 ws2\"> <span class=\"_ _11a\"> </span> </span>Cash in hand<span class=\"_ _25c\"> </span><span class=\"ff2 ls81 wsdf\">0<span class=\"_ _1\"></span>.4<span class=\"_ _15c\"> </span>0.4<span class=\"_ _e5\"> </span></span><span class=\"ls9f wsbc\">0.5<span class=\"_ _53\"> </span>0.5<span class=\"_ _383\"> </span></span>Loans and adv<span class=\"_ _6\"></span>ances to credit institutions<span class=\"_ _335\"> </span><span class=\"ff2 lsf9 ws82\">3,365.<span class=\"_ _6\"></span>7<span class=\"_ _6c\"> </span>3,365.7<span class=\"_ _6e\"> </span><span class=\"ff1 ls2c ws29\">2,843.6<span class=\"_ _6e\"> </span>2,843.6<span class=\"_ _383\"> </span></span></span>Inv<span class=\"_ _6\"></span>estment securities<span class=\"_ _1ca\"> </span><span class=\"ff2 ls12 wsf\">262.6<span class=\"_ _98\"> </span><span class=\"lsc9 wsc9\">260.5<span class=\"_ _e8\"> </span></span></span><span class=\"lsed wsf2\">3<span class=\"_ _1\"></span>2<span class=\"_ _2\"></span>3<span class=\"_ _1\"></span>.1<span class=\"_ _91\"> </span><span class=\"ls54 ws55\">323.8<span class=\"_ _383\"> </span></span></span>Loans and adv<span class=\"_ _6\"></span>ances to customer<span class=\"_ _6\"></span>s<span class=\"_ _2e8\"> </span><span class=\"ff2 lscd wsce\">2<span class=\"_ _1\"></span>3,598<span class=\"_ _1\"></span>.<span class=\"_ _6\"></span>1<span class=\"_ _fc\"> </span><span class=\"ls7e ws16\">22,7<span class=\"_ _1\"></span>46.0<span class=\"_ _1a\"> </span><span class=\"ff1 lsc9 wsc9\">21,0<span class=\"_ _1\"></span>62.6<span class=\"_ _6c\"> </span><span class=\"lsf8 wsfd\">2<span class=\"_ _2\"></span>1<span class=\"_ _2\"></span>,<span class=\"_ _2\"></span>0<span class=\"_ _1\"></span>7<span class=\"_ _2\"></span>9.<span class=\"_ _2\"></span>5<span class=\"_ _383\"> </span></span></span></span></span>Other assets1<span class=\"_ _383\"> </span>1.8<span class=\"_ _8b\"> </span>1.8<span class=\"_ _8b\"> </span><span class=\"ff1 ls86 wsf1\">0<span class=\"_ _1\"></span>.9<span class=\"_ _8b\"> </span>0<span class=\"_ _2\"></span>.9</span> <span class=\"_ _11e\"> </span><span class=\"ff2 lse4 wse9\">2<span class=\"_ _2\"></span>7,<span class=\"_ _0\"></span>2<span class=\"_ _2\"></span>2<span class=\"_ _0\"> </span>8<span class=\"_ _0\"> </span>.<span class=\"_ _0\"></span>6<span class=\"_ _1fe\"> </span><span class=\"ls81 wsdf\">26<span class=\"_ _1\"></span>,<span class=\"_ _1\"></span>3<span class=\"_ _1\"></span>7<span class=\"_ _1\"></span>4<span class=\"_ _1\"></span>.4<span class=\"_ _aa\"> </span></span></span><span class=\"ls88 wse3\">24,2<span class=\"_ _1\"></span>3<span class=\"_ _1\"></span>0.<span class=\"_ _1\"></span>7<span class=\"_ _fd\"> </span><span class=\"lscd wsce\">24,24<span class=\"_ _1\"></span>8.3<span class=\"_ _383\"> </span></span></span>Liabilities<span class=\"_ _256\"> </span><span class=\"ls2 ws2\"> <span class=\"_ _11a\"> </span> </span>Amounts o<span class=\"_ _6\"></span>wed to r<span class=\"_ _6\"></span>etail depositor<span class=\"_ _6\"></span>s<span class=\"_ _d1\"> </span><span class=\"ff2 lsd3 ws86\">19<span class=\"_ _8\"></span>,755.8<span class=\"_ _67\"> </span><span class=\"ls16c ws189\">1<span class=\"_ _1\"></span>9,<span class=\"_ _2\"></span>6<span class=\"_ _2\"></span>9<span class=\"_ _1\"></span>3<span class=\"_ _2\"></span>.<span class=\"_ _2\"></span>0<span class=\"_ _d\"> </span><span class=\"ff1 lsc8 wsc8\">1<span class=\"_ _2\"></span>7,<span class=\"_ _0\"></span>5<span class=\"_ _0\"></span>2<span class=\"_ _0\"></span>6<span class=\"_ _0\"></span>.<span class=\"_ _1\"></span>4<span class=\"_ _6b\"> </span>1<span class=\"_ _2\"></span>7,<span class=\"_ _0\"></span>5<span class=\"_ _0\"></span>2<span class=\"_ _2\"></span>4<span class=\"_ _0\"></span>.<span class=\"_ _2\"></span>9<span class=\"_ _383\"> </span></span></span></span>Amounts o<span class=\"_ _6\"></span>wed to cr<span class=\"_ _6\"></span>edit institutions<span class=\"_ _197\"> </span><span class=\"ff2 lsc5 wsc4\">5<span class=\"_ _1\"></span>,<span class=\"_ _2\"></span>0<span class=\"_ _1\"></span>9<span class=\"_ _1\"></span>2<span class=\"_ _2\"></span>.9<span class=\"_ _66\"> </span>5<span class=\"_ _1\"></span>,<span class=\"_ _1\"></span>0<span class=\"_ _2\"></span>9<span class=\"_ _1\"></span>2<span class=\"_ _1\"></span>.9<span class=\"_ _7f\"> </span></span><span class=\"lsf8 wsfd\">4<span class=\"_ _1\"></span>,<span class=\"_ _2\"></span>3<span class=\"_ _2\"></span>1<span class=\"_ _2\"></span>9.<span class=\"_ _2\"></span>6<span class=\"_ _7f\"> </span>4<span class=\"_ _1\"></span>,<span class=\"_ _0\"></span>3<span class=\"_ _2\"></span>1<span class=\"_ _1\"></span>9.<span class=\"_ _2\"></span>6<span class=\"_ _383\"> </span></span>Amounts o<span class=\"_ _6\"></span>wed to o<span class=\"_ _6\"></span>ther customer<span class=\"_ _6\"></span>s<span class=\"_ _79\"> </span><span class=\"ff2 lsc3 wsc2\">1<span class=\"_ _1\"></span>1<span class=\"_ _1\"></span>3<span class=\"_ _2\"></span>.1<span class=\"_ _9d\"> </span>11<span class=\"_ _1\"></span>3<span class=\"_ _2\"></span>.1<span class=\"_ _254\"> </span></span><span class=\"ls14 ws11\">92.6<span class=\"_ _55\"> </span>92.<span class=\"_ _1\"></span>6<span class=\"_ _383\"> </span></span>Debt securities in issue<span class=\"_ _26f\"> </span><span class=\"ff2 lsc5 wsc4\">2<span class=\"_ _1\"></span>6<span class=\"_ _1\"></span>5<span class=\"_ _2\"></span>.9<span class=\"_ _50\"> </span>26<span class=\"_ _1\"></span>5<span class=\"_ _2\"></span>.9<span class=\"_ _a9\"> </span></span><span class=\"ls9f wsbc\">4<span class=\"_ _1\"></span>60.3<span class=\"_ _a9\"> </span>46<span class=\"_ _1\"></span>0.3<span class=\"_ _383\"> </span></span>Other liabilities2<span class=\"_ _383\"> </span>3<span class=\"_ _1\"></span>8<span class=\"_ _2\"></span>.1<span class=\"_ _4f\"> </span>3<span class=\"_ _2\"></span>8<span class=\"_ _1\"></span>.1<span class=\"_ _55\"> </span><span class=\"ff1 ls54 ws55\">28.<span class=\"_ _1\"></span>8<span class=\"_ _96\"> </span>28.<span class=\"_ _1\"></span>8<span class=\"_ _383\"> </span></span>Subordinated liabilities<span class=\"_ _1c7\"> </span><span class=\"ff2 ls2\">\u2013 <span class=\"_ _3f\"> </span>\u2013 <span class=\"_ _93\"> </span></span><span class=\"ls9f wsbc\">1<span class=\"_ _1\"></span>0.3<span class=\"_ _61\"> </span>10.6<span class=\"_ _383\"> </span></span>PSBs<span class=\"_ _312\"> </span><span class=\"ff2 lscd wsce\">15.2<span class=\"_ _55\"> </span><span class=\"ls7e ws16\">14.0<span class=\"_ _61\"> </span></span></span><span class=\"ls9f wsbc\">15<span class=\"_ _1\"></span>.2<span class=\"_ _1b4\"> </span><span class=\"ls88 wse3\">14.<span class=\"_ _1\"></span>7</span></span> <span class=\"_ _11e\"> </span><span class=\"ff2 ls14 ws11\">25,281.0<span class=\"_ _fd\"> </span><span class=\"lsc4 wsc3\">2<span class=\"_ _0\"></span>5<span class=\"_ _0\"></span>,<span class=\"_ _0\"> </span>2<span class=\"_ _0\"> </span>1<span class=\"_ _0\"></span>7.<span class=\"_ _2\"></span>0<span class=\"_ _19f\"> </span></span></span><span class=\"lsd7 wsd7\">2<span class=\"_ _1\"></span>2<span class=\"_ _1\"></span>,4<span class=\"_ _2\"></span>5<span class=\"_ _1\"></span>3<span class=\"_ _2\"></span>.<span class=\"_ _1\"></span>2<span class=\"_ _89\"> </span>2<span class=\"_ _2\"></span>2<span class=\"_ _1\"></span>,4<span class=\"_ _1\"></span>5<span class=\"_ _1\"></span>1<span class=\"_ _1\"></span>.<span class=\"_ _1\"></span>5<span class=\"_ _383\"> </span></span>1.<span class=\"_ _6\"></span> <span class=\"_ _41\"> </span>Balance ex<span class=\"_ _6\"></span>cludes prepa<span class=\"_ _6\"></span>yments.<span class=\"_ _383\"> </span>2. <span class=\"_ _149\"> </span>Balance exc<span class=\"_ _6\"></span>ludes defer<span class=\"_ _6\"></span>red income.<span class=\"_ _383\"> </span>The fair values in these tables ar<span class=\"_ _6\"></span>e estimated using the v<span class=\"_ _6\"></span>aluation techniques below<span class=\"_ _8\"></span>. The estimated fair value is s<span class=\"_ _6\"></span>tated as at 31 December and may <span class=\"_ _383\">be signi\ufb01cantly differ</span><span class=\"_ _6\"></span>ent from the amoun<span class=\"_ _6\"></span>ts which will actually be paid on the maturity or settlement dat<span class=\"_ _6\"></span>es of each \ufb01nancial instrumen<span class=\"_ _6\"></span>t.<span class=\"_ _383\"> </span>Cas<span class=\"_ _1\"></span>h in hand<span class=\"_ _383\"> </span>This represen<span class=\"_ _6\"></span>ts physical cash across the Gr<span class=\"_ _6\"></span>oup<span class=\"_ _8\"></span>\u2019<span class=\"_ _6\"></span>s branch netw<span class=\"_ _6\"></span>ork where fair v<span class=\"_ _6\"></span>alue is considered to be equal to carrying v<span class=\"_ _6\"></span>alue. Loans and advanc<span class=\"_ _1\"></span>es to cre<span class=\"_ _1\"></span>dit institutions<span class=\"_ _383\"> </span>This mainly represen<span class=\"_ _6\"></span>ts the Group<span class=\"_ _8\"></span>\u2019<span class=\"_ _8\"></span>s working capital curren<span class=\"_ _6\"></span>t accounts and call accounts with centr<span class=\"_ _6\"></span>al gov<span class=\"_ _6\"></span>ernments and other bank<span class=\"_ _8\"></span>s with an original<span class=\"_ _1\"></span> maturity of less than three months<span class=\"_ _8\"></span><span class=\"_ _383\">. Fair value is not considered to be materially differ</span><span class=\"_ _6\"></span>ent to carrying v<span class=\"_ _6\"></span>alue. Inv<span class=\"_ _6\"></span>estment<span class=\"_ _6\"></span> securit<span class=\"_ _6\"></span>ies<span class=\"_ _383\"> </span>Inv<span class=\"_ _6\"></span>estment securities<span class=\"_ _1f6\"></span>\u2019 fair values are pro<span class=\"_ _6\"></span>vided by a third party and are based on the mark<span class=\"_ _8\"></span>et values of similar \ufb01nancial instrumen<span class=\"_ _6\"></span>ts. The f<span class=\"_ _6\"></span>air value of inv<span class=\"_ _6\"></span>estmen<span class=\"_ _6\"></span>t securities held at FV<span class=\"_ _1\"></span>TPL is measured using a discounte<span class=\"_ _6\"></span>d cash \ufb02ow model.<span class=\"_ _383\"> </span>Loan<span class=\"_ _1\"></span>s and ad<span class=\"_ _1\"></span>vance<span class=\"_ _1\"></span>s to cu<span class=\"_ _1\"></span>stom<span class=\"_ _1\"></span>er<span class=\"_ _1\"></span>s<span class=\"_ _383\"> </span>This mainly represen<span class=\"_ _6\"></span>ts secured mortgage lending to cust<span class=\"_ _6\"></span>omers<span class=\"_ _6\"></span>. The fair value of \ufb01x<span class=\"_ _6\"></span>ed rate mortgages has been estimat<span class=\"_ _6\"></span>ed by discounting future cash \ufb02ows at curr<span class=\"_ _6\"></span>ent mark<span class=\"_ _8\"></span>et rates of in<span class=\"_ _6\"></span>teres<span class=\"_ _6\"></span>t. Future cash \ufb02o<span class=\"_ _6\"></span>ws include the impact of ECL. The in<span class=\"_ _6\"></span>terest r<span class=\"_ _8\"></span>ate on variable rate mortgages is considered to be equal to curr<span class=\"_ _6\"></span>ent mark<span class=\"_ _8\"></span>et product rat<span class=\"_ _6\"></span>es and as such fair value is estimat<span class=\"_ _6\"></span>ed to be equal to carrying value<span class=\"_ _8\"></span>.<span class=\"_ _1\"></span> Other assets<span class=\"_ _383\"> </span>Other assets disclosed in the table abo<span class=\"_ _6\"></span>ve e<span class=\"_ _6\"></span>xclude prepaymen<span class=\"_ _6\"></span>ts and the fair value is considere<span class=\"_ _6\"></span>d to be equal to carrying value<span class=\"_ _6\"></span>. Amou<span class=\"_ _1\"></span>nts owed t<span class=\"_ _1\"></span>o reta<span class=\"_ _1\"></span>il dep<span class=\"_ _1\"></span>osit<span class=\"_ _1\"></span>ors<span class=\"_ _383\"> </span>The fair value of \ufb01x<span class=\"_ _6\"></span>ed rat<span class=\"_ _6\"></span>e retail deposits has been es<span class=\"_ _6\"></span>timated by discounting future cash \ufb02o<span class=\"_ _8\"></span>ws at current mark<span class=\"_ _8\"></span>et rates of int<span class=\"_ _6\"></span>erest. R<span class=\"_ _6\"></span>etail deposits at variable rat<span class=\"_ _6\"></span>es and deposits payable on demand are considered t<span class=\"_ _6\"></span>o be at current mark<span class=\"_ _8\"></span>et rates and as such fair v<span class=\"_ _6\"></span>alue is estimated t<span class=\"_ _6\"></span>o be equal to carrying value<span class=\"_ _6\"></span>.<span class=\"_ _383\"> </span>Amou<span class=\"_ _1\"></span>nts owed t<span class=\"_ _1\"></span>o cre<span class=\"_ _1\"></span>dit ins<span class=\"_ _1\"></span>titutio<span class=\"_ _1\"></span>ns<span class=\"_ _383\"> </span>This mainly represen<span class=\"_ _6\"></span>ts amounts dr<span class=\"_ _8\"></span>awn down under the BoE TFSME and commercial repos<span class=\"_ _8\"></span>. Fair value is considered to be equal to carrying value<span class=\"_ _6\"></span>. Amou<span class=\"_ _1\"></span>nts owed t<span class=\"_ _1\"></span>o othe<span class=\"_ _1\"></span>r cus<span class=\"_ _1\"></span>tom<span class=\"_ _1\"></span>ers<span class=\"_ _383\"> </span>This represen<span class=\"_ _6\"></span>ts saving product<span class=\"_ _6\"></span>s to corporations and local authorities<span class=\"_ _6\"></span>. The fair value of \ufb01x<span class=\"_ _6\"></span>ed rat<span class=\"_ _6\"></span>e deposits is estimated by discoun<span class=\"_ _6\"></span>ting future cash \ufb02ows at curr<span class=\"_ _6\"></span>ent mark<span class=\"_ _8\"></span>et rates of in<span class=\"_ _6\"></span>teres<span class=\"_ _6\"></span>t. Deposits at variable rates ar<span class=\"_ _6\"></span>e considered to be at curr<span class=\"_ _6\"></span>ent mark<span class=\"_ _8\"></span>et rates and the fair value is es<span class=\"_ _6\"></span>timated to be equal to carrying value<span class=\"_ _6\"></span>.<span class=\"_ _383\"> </span>Deb<span class=\"_ _1\"></span>t se<span class=\"_ _1\"></span>curiti<span class=\"_ _1\"></span>es in is<span class=\"_ _1\"></span>sue<span class=\"_ _383\"> </span>While the Group<span class=\"_ _8\"></span>\u2019<span class=\"_ _6\"></span>s debt securities in issue are lis<span class=\"_ _6\"></span>ted, the quoted prices for an individual note may no<span class=\"_ _6\"></span>t be indicative of the f<span class=\"_ _6\"></span>air value of the issue as a whole, due to the specialised natur<span class=\"_ _6\"></span>e of the mark<span class=\"_ _8\"></span>et in such instruments and the limited number o<span class=\"_ _6\"></span>f inv<span class=\"_ _6\"></span>estors participating in it. Fair value is not <span class=\"_ _383\">considered to be materially diff</span><span class=\"_ _6\"></span>erent to carrying v<span class=\"_ _6\"></span>alue.<span class=\"_ _383\"> </span>Oth<span class=\"_ _1\"></span>er liabilities<span class=\"_ _383\"> </span>Other liabilities disclosed in the table abov<span class=\"_ _6\"></span>e ex<span class=\"_ _6\"></span>clude deferr<span class=\"_ _6\"></span>ed income and the fair value is considered to be equal t<span class=\"_ _6\"></span>o carrying value.<span class=\"_ _383\"> </span>Subor<span class=\"_ _1\"></span>dinated liabilitie<span class=\"_ _1\"></span>s and PSB<span class=\"_ _1\"></span>s<span class=\"_ _383\"> </span>The fair value of subor<span class=\"_ _8\"></span>dinated liabilities is estimated by using quoted mark<span class=\"_ _8\"></span>et prices of similar instruments at the r<span class=\"_ _6\"></span>eporting date. The PSBs are lis<span class=\"_ _6\"></span>ted on the London S<span class=\"_ _6\"></span>tock Exchange with fair v<span class=\"_ _6\"></span>alue being the quoted mark<span class=\"_ _8\"></span>et price at the repor<span class=\"_ _1\"></span>ting date.<span class=\"_ _383\"> </span><span class=\"_ _383\">iii.\u2002Fair valu</span><span class=\"_ _1\"></span>e clas<span class=\"_ _1\"></span>si\ufb01c<span class=\"_ _1\"></span>atio<span class=\"_ _1\"></span>n<span class=\"_ _383\"> </span>The following t<span class=\"_ _6\"></span>ables provide an analysis o<span class=\"_ _6\"></span>f \ufb01nancial assets and \ufb01nancial liabilities measure<span class=\"_ _6\"></span>d at fair value in the Consolidated St<span class=\"_ _6\"></span>atement of Financial Position grouped int<span class=\"_ _6\"></span>o Le<span class=\"_ _6\"></span>vels 1 to 3 based on the degr<span class=\"_ _6\"></span>ee to which the fair value is observable:<span class=\"_ _383\"> </span>2022<span class=\"_ _383\"> </span>Carrying amount<span class=\"_ _383\"> </span>\u00a3m<span class=\"_ _383\"> </span>Principal amount<span class=\"_ _383\"> </span>\u00a3m<span class=\"_ _383\"> </span>Level<span class=\"_ _1\"></span> 1<span class=\"_ _1\"></span> \u00a3m<span class=\"_ _383\"> </span>Level<span class=\"_ _1\"></span> 2<span class=\"_ _1\"></span> \u00a3m<span class=\"_ _383\"> </span>Level<span class=\"_ _1\"></span> 3<span class=\"_ _1\"></span> \u00a3m<span class=\"_ _383\"> </span>To<span class=\"_ _1\"></span>t<span class=\"_ _2\"></span>a<span class=\"_ _1\"></span>l<span class=\"_ _2\"></span> \u00a3m<span class=\"_ _383\"> </span>Financial assets<span class=\"_ _30b\"> </span><span class=\"ls2\"> <span class=\"_ _11a\"> </span> <span class=\"_ _11a\"> </span> <span class=\"_ _11a\"> </span> <span class=\"_ _11a\"> </span> <span class=\"_ _11a\"> </span> </span>Inv<span class=\"_ _6\"></span>estment securities<span class=\"_ _336\"> </span><span class=\"ff2 ws6e\">150.<span class=\"_ _1\"></span>3<span class=\"_ _50\"> </span>15<span class=\"_ _1\"></span>0.5<span class=\"_ _91\"> </span><span class=\"ls6f ws75\">149.8<span class=\"_ _116\"> </span><span class=\"ls2 ws2\">\u2013 <span class=\"_ _d0\"> </span></span></span>0.5<span class=\"_ _50\"> </span>15<span class=\"_ _1\"></span>0.3<span class=\"_ _383\"> </span></span>Loans and adv<span class=\"_ _6\"></span>ances to customer<span class=\"_ _6\"></span>s<span class=\"_ _337\"> </span><span class=\"ff2 ws6e\">14.6<span class=\"_ _37\"> </span><span class=\"lsc4 wsc3\">1<span class=\"_ _2\"></span>7.<span class=\"_ _0\"></span>7<span class=\"_ _35\"> </span><span class=\"ls2 ws2\">\u2013 <span class=\"_ _20e\"> </span>\u2013 <span class=\"_ _59\"> </span></span></span>14.6<span class=\"_ _254\"> </span>14.<span class=\"_ _1\"></span>6<span class=\"_ _383\"> </span></span>Derivative asset<span class=\"_ _6\"></span>s<span class=\"_ _2a\"> </span><span class=\"ff2 ls1f ws1c\">888.<span class=\"_ _8\"></span>1<span class=\"_ _1fe\"> </span><span class=\"ls2 ws2\">15,662.6<span class=\"_ _1cc\"> </span>\u2013 <span class=\"_ _70\"> </span></span>888.<span class=\"_ _6\"></span>1<span class=\"_ _1cc\"> </span><span class=\"ls2 ws2\">\u2013 <span class=\"_ _70\"> </span></span>888.<span class=\"_ _6\"></span>1</span> <span class=\"_ _338\"> </span><span class=\"ff2 ls7e ws16\">1,05<span class=\"_ _1\"></span>3.0<span class=\"_ _ff\"> </span><span class=\"ls2c ws29\">15,830.8<span class=\"_ _5a\"> </span><span class=\"ls6f ws75\">149.8<span class=\"_ _50\"> </span><span class=\"ls1f ws1c\">888.1<span class=\"_ _d0\"> </span><span class=\"lsc3 wsc2\">1<span class=\"_ _1\"></span>5<span class=\"_ _2\"></span>.1<span class=\"_ _d\"> </span></span></span></span></span>1,0<span class=\"_ _1\"></span>53<span class=\"_ _1\"></span>.0<span class=\"_ _383\"> </span></span>Financial liabilities<span class=\"_ _339\"> </span><span class=\"ls2\"> <span class=\"_ _11a\"> </span> <span class=\"_ _11a\"> </span> <span class=\"_ _21a\"> </span> <span class=\"_ _11a\"> </span> <span class=\"_ _11a\"> </span> </span>Derivative liabilities<span class=\"_ _d4\"> </span><span class=\"ff2 ls2\">106.6<span class=\"_ _121\"> </span><span class=\"ls16c ws189\">9,<span class=\"_ _2\"></span>5<span class=\"_ _1\"></span>1<span class=\"_ _2\"></span>8<span class=\"_ _2\"></span>.<span class=\"_ _1\"></span>0<span class=\"_ _d9\"> </span></span>\u2013 <span class=\"_ _70\"> </span>106.6<span class=\"_ _1cc\"> </span>\u2013 <span class=\"_ _70\"> </span>106.6<span class=\"_ _383\"> </span></span>2021<span class=\"_ _383\"> </span>Carrying amount<span class=\"_ _383\"> </span>\u00a3m<span class=\"_ _383\"> </span>Principal amount<span class=\"_ _383\"> </span>\u00a3m<span class=\"_ _383\"> </span>Level 1<span class=\"_ _1\"></span> \u00a3m<span class=\"_ _383\"> </span>Level 2<span class=\"_ _1\"></span> \u00a3m<span class=\"_ _383\"> </span>Level 3<span class=\"_ _1\"></span> \u00a3m<span class=\"_ _383\"> </span>To<span class=\"_ _1\"></span>t<span class=\"_ _2\"></span>a<span class=\"_ _1\"></span>l<span class=\"_ _2\"></span> \u00a3m<span class=\"_ _383\"> </span>Financial assets<span class=\"_ _383\"> </span>Inv<span class=\"_ _6\"></span>estment securities<span class=\"_ _33a\"> </span><span class=\"lscc wscd\">168<span class=\"_ _1\"></span>.3<span class=\"_ _3b\"> </span>166<span class=\"_ _1\"></span>.<span class=\"_ _1\"></span>2<span class=\"_ _93\"> </span><span class=\"lsed wsf2\">1<span class=\"_ _1\"></span>5<span class=\"_ _1\"></span>2<span class=\"_ _2\"></span>.1<span class=\"_ _d0\"> </span><span class=\"ls9f wsbc\">15.<span class=\"_ _1\"></span>5<span class=\"_ _e5\"> </span>0.7<span class=\"_ _3b\"> </span></span></span>168.<span class=\"_ _1\"></span>3<span class=\"_ _383\"> </span></span>Loans and adv<span class=\"_ _6\"></span>ances to customer<span class=\"_ _6\"></span>s<span class=\"_ _b6\"> </span><span class=\"lsc8 wsc8\">1<span class=\"_ _2\"></span>7.<span class=\"_ _0\"></span>7<span class=\"_ _1c2\"> </span><span class=\"lsf8 wsfd\">1<span class=\"_ _2\"></span>9.<span class=\"_ _2\"></span>7<span class=\"_ _35\"> </span></span></span><span class=\"ls2\">\u2013 <span class=\"_ _20e\"> </span>\u2013 <span class=\"_ _61\"> </span><span class=\"lsc8 wsc8\">1<span class=\"_ _2\"></span>7.<span class=\"_ _0\"></span>7<span class=\"_ _15e\"> </span>1<span class=\"_ _2\"></span>7.<span class=\"_ _0\"></span>7<span class=\"_ _383\"> </span></span></span>Derivative asset<span class=\"_ _6\"></span>s<span class=\"_ _22c\"> </span><span class=\"ls14 ws11\">185.<span class=\"_ _1\"></span>7<span class=\"_ _a5\"> </span><span class=\"lsc5 wsc4\">1<span class=\"_ _1\"></span>2<span class=\"_ _1\"></span>,9<span class=\"_ _1\"></span>6<span class=\"_ _2\"></span>8<span class=\"_ _1\"></span>.<span class=\"_ _2\"></span>3<span class=\"_ _d9\"> </span></span></span><span class=\"ls2\">\u2013 <span class=\"_ _50\"> </span><span class=\"ls14 ws11\">18<span class=\"_ _1\"></span>5.7<span class=\"_ _d9\"> </span></span>\u2013 <span class=\"_ _50\"> </span><span class=\"ls14 ws11\">185.7</span></span> <span class=\"_ _33b\"> </span><span class=\"ls12 wsf\">371.<span class=\"_ _1\"></span>7<span class=\"_ _9a\"> </span><span class=\"ls89 wscc\">1<span class=\"_ _1\"></span>3<span class=\"_ _2\"></span>,15<span class=\"_ _2\"></span>4.<span class=\"_ _2\"></span>2<span class=\"_ _9d\"> </span><span class=\"lsed wsf2\">15<span class=\"_ _1\"></span>2<span class=\"_ _2\"></span>.1<span class=\"_ _3d\"> </span><span class=\"ls9f wsbc\">20<span class=\"_ _1\"></span>1.<span class=\"_ _1\"></span>2<span class=\"_ _d0\"> </span><span class=\"lsd7 wsd7\">1<span class=\"_ _1\"></span>8<span class=\"_ _2\"></span>.4<span class=\"_ _2ab\"> </span></span></span></span></span>37<span class=\"_ _1\"></span>1.7<span class=\"_ _383\"> </span></span>Financial liabilities<span class=\"_ _383\"> </span>Derivative liabilities<span class=\"_ _c2\"> </span><span class=\"lsf8 wsfd\">1<span class=\"_ _1\"></span>9.<span class=\"_ _2\"></span>7<span class=\"_ _a1\"> </span><span class=\"ls2c ws29\">7<span class=\"_ _1f6\"></span>,378.0<span class=\"_ _1cc\"> </span><span class=\"ls2 ws2\">\u2013 <span class=\"_ _254\"> </span><span class=\"lsf8 wsfd\">1<span class=\"_ _2\"></span>9.<span class=\"_ _2\"></span>7<span class=\"_ _d9\"> </span></span>\u2013 <span class=\"_ _4f\"> </span><span class=\"lsf8 wsfd\">1<span class=\"_ _2\"></span>9.<span class=\"_ _2\"></span>7<span class=\"_ _383\"> </span></span></span></span></span>Le<span class=\"_ _6\"></span>vel 1:<span class=\"ff1\"> Fair values that ar<span class=\"_ _6\"></span>e based entir<span class=\"_ _6\"></span>ely on quoted mark<span class=\"_ _8\"></span>et prices (unadjusted) in an actively tr<span class=\"_ _6\"></span>aded mark<span class=\"_ _8\"></span>et for identical assets and liabilities </span>that the Group has the ability to access. V<span class=\"_ _1f6\"></span>aluation adjustments and block discounts are not applie<span class=\"_ _6\"></span>d to Le<span class=\"_ _6\"></span>vel 1 ins<span class=\"_ _6\"></span>truments<span class=\"_ _6\"></span>. Since valuations are based on readily available observable mark<span class=\"_ _8\"></span>et prices, this mak<span class=\"_ _8\"></span>es them most reliable, r<span class=\"_ _6\"></span>educes the need for management judgemen<span class=\"_ _6\"></span>t and estimation and also reduces the uncertainty associated with determining fair v<span class=\"_ _6\"></span>alues. Le<span class=\"_ _6\"></span>vel 2:<span class=\"ff1\"> Fair values that ar<span class=\"_ _6\"></span>e based on one or more quote<span class=\"_ _6\"></span>d prices in mark<span class=\"_ _6\"></span>ets that are not activ<span class=\"_ _6\"></span>e or for which all signi\ufb01can<span class=\"_ _6\"></span>t inputs are tak<span class=\"_ _8\"></span>en from </span>directly or indirectly observable mark<span class=\"_ _8\"></span>et data. These include valuation models used to calculate the pr<span class=\"_ _6\"></span>esent value o<span class=\"_ _6\"></span>f expected future c<span class=\"_ _6\"></span>ash \ufb02ows and may be employed either when no active mark<span class=\"_ _8\"></span>et exist<span class=\"_ _6\"></span>s or when there are no quot<span class=\"_ _6\"></span>ed prices available for similar instrumen<span class=\"_ _6\"></span>ts in activ<span class=\"_ _6\"></span>e mark<span class=\"_ _6\"></span>ets<span class=\"_ _6\"></span>. Le<span class=\"_ _6\"></span>vel 3: <span class=\"ff1\">Fair values f<span class=\"_ _6\"></span>or which any one or more signi\ufb01cant input is no<span class=\"_ _6\"></span>t based on observable mark<span class=\"_ _6\"></span>et data and the unobservable inputs have </span><span class=\"_ _383\">a signi\ufb01cant eff</span><span class=\"_ _6\"></span>ect on the instrument<span class=\"_ _6\"></span>\u2019<span class=\"_ _8\"></span>s fair value. V<span class=\"_ _1f6\"></span>aluation models that employ signi\ufb01cant unobservable inputs require a higher degr<span class=\"_ _6\"></span>ee of management judgement and es<span class=\"_ _6\"></span>timation in determining the fair v<span class=\"_ _6\"></span>alue. Management judgemen<span class=\"_ _6\"></span>t and estimation ar<span class=\"_ _6\"></span>e usually required f<span class=\"_ _6\"></span>or the selection of the appropriate v<span class=\"_ _6\"></span>aluation model to be used, determination of e<span class=\"_ _6\"></span>xpected future cash \ufb02o<span class=\"_ _8\"></span>ws on the \ufb01nancial instruments being valued, determination of the pr<span class=\"_ _6\"></span>obability of counterparty default and pr<span class=\"_ _6\"></span>epayments<span class=\"_ _6\"></span>, determination of e<span class=\"_ _6\"></span>xpected volatilities and correlations and the selection of appropriate discoun<span class=\"_ _6\"></span>t rates<span class=\"_ _6\"></span>. The following t<span class=\"_ _6\"></span>ables provide an analysis o<span class=\"_ _6\"></span>f \ufb01nancial assets and \ufb01nancial liabilities not measur<span class=\"_ _6\"></span>ed at fair value in the Consolidated St<span class=\"_ _6\"></span>atement of Financial Position grouped int<span class=\"_ _6\"></span>o Le<span class=\"_ _6\"></span>vels 1 to 3 based on the degr<span class=\"_ _6\"></span>ee to which the fair value is observable:<span class=\"_ _383\"> </span>2022<span class=\"_ _383\"> </span>Carrying amount<span class=\"_ _383\"> </span>\u00a3m<span class=\"_ _383\"> </span>Principal amount<span class=\"_ _383\"> </span>\u00a3m<span class=\"_ _383\"> </span>Estimated fair value<span class=\"_ _383\"> </span>Level<span class=\"_ _1\"></span> 1<span class=\"_ _1\"></span> \u00a3m<span class=\"_ _383\"> </span>Level<span class=\"_ _1\"></span> 2<span class=\"_ _1\"></span> \u00a3m<span class=\"_ _383\"> </span>Level<span class=\"_ _1\"></span> 3<span class=\"_ _1\"></span> \u00a3m<span class=\"_ _383\"> </span>To<span class=\"_ _1\"></span>t<span class=\"_ _2\"></span>a<span class=\"_ _1\"></span>l<span class=\"_ _2\"></span> \u00a3m<span class=\"_ _383\"> </span>Financial assets<span class=\"_ _30b\"> </span><span class=\"ls2\"> <span class=\"_ _11a\"> </span> <span class=\"_ _11a\"> </span> <span class=\"_ _11a\"> </span> <span class=\"_ _11a\"> </span> <span class=\"_ _11a\"> </span> </span>Cash in hand<span class=\"_ _f0\"> </span><span class=\"ff2 ls81 wsdf\">0<span class=\"_ _1\"></span>.4<span class=\"_ _15c\"> </span>0<span class=\"_ _1\"></span>.4<span class=\"_ _d9\"> </span><span class=\"ls2 ws2\">\u2013 <span class=\"_ _61\"> </span></span>0<span class=\"_ _1\"></span>.4<span class=\"_ _d9\"> </span><span class=\"ls2 ws2\">\u2013 <span class=\"_ _61\"> </span></span>0<span class=\"_ _1\"></span>.4<span class=\"_ _383\"> </span></span>Loans and adv<span class=\"_ _6\"></span>ances to credit institutions<span class=\"_ _a\"> </span><span class=\"ff2 lsf9 ws82\">3,365.7<span class=\"_ _6c\"> </span><span class=\"ls2 ws2\">3,360.<span class=\"_ _8\"></span>9<span class=\"_ _1cc\"> </span>\u2013 <span class=\"_ _19f\"> </span><span class=\"lsf9 ws82\">3,365.7<span class=\"_ _116\"> </span></span>\u2013 <span class=\"_ _19f\"> </span><span class=\"lsf9 ws82\">3,365.7<span class=\"_ _383\"> </span></span></span></span>Inv<span class=\"_ _6\"></span>estment securities<span class=\"_ _17a\"> </span><span class=\"ff2 ls12 wsf\">262.<span class=\"_ _1\"></span>6<span class=\"_ _91\"> </span><span class=\"lsc3 wsc2\">2<span class=\"_ _1\"></span>6<span class=\"_ _2\"></span>2<span class=\"_ _1\"></span>.1<span class=\"_ _d9\"> </span><span class=\"ls2 ws2\">\u2013<span class=\"_ _8c\"> </span><span class=\"lsc9 wsc9\">26<span class=\"_ _1\"></span>0.5<span class=\"_ _1cc\"> </span></span>\u2013<span class=\"_ _98\"> </span><span class=\"lsc9 wsc9\">260.5<span class=\"_ _383\"> </span></span></span></span></span>Loans and adv<span class=\"_ _6\"></span>ances to customer<span class=\"_ _6\"></span>s<span class=\"_ _19c\"> </span><span class=\"ff2 lscd wsce\">23,598<span class=\"_ _1\"></span>.<span class=\"_ _6\"></span>1<span class=\"_ _fc\"> </span><span class=\"ls2 ws2\">23,646.2<span class=\"_ _116\"> </span>\u2013 <span class=\"_ _a5\"> </span><span class=\"ls7d wse2\">2,515.0<span class=\"_ _a2\"> </span><span class=\"ls14 ws11\">20,<span class=\"_ _1\"></span>231.0<span class=\"_ _fc\"> </span><span class=\"ls7e ws16\">22,7<span class=\"_ _1\"></span>46<span class=\"_ _1\"></span>.0<span class=\"_ _383\"> </span></span></span></span></span></span>Other assets1<span class=\"_ _383\"> </span>1.8<span class=\"_ _8b\"> </span>1.8<span class=\"_ _d9\"> </span><span class=\"ls2 ws2\">\u2013 <span class=\"_ _b2\"> </span></span>1.8<span class=\"_ _1cc\"> </span><span class=\"ls2 ws2\">\u2013 <span class=\"_ _63\"> </span></span>1.8 <span class=\"_ _2ae\"> </span><span class=\"ff2 lse4 wse9\">2<span class=\"_ _2\"></span>7,<span class=\"_ _3\"> </span>2<span class=\"_ _2\"></span>2<span class=\"_ _0\"> </span>8<span class=\"_ _0\"></span>.<span class=\"_ _0\"></span>6<span class=\"_ _88\"> </span><span class=\"lse3 wse7\">27<span class=\"_ _8\"></span>,271.4<span class=\"_ _1cc\"> </span><span class=\"ls2 ws2\">\u2013<span class=\"_ _121\"> </span><span class=\"ls2c ws29\">6,<span class=\"_ _6\"></span>143.<span class=\"_ _6\"></span>4<span class=\"_ _a2\"> </span><span class=\"ls14 ws11\">20,<span class=\"_ _1\"></span>231.0<span class=\"_ _a2\"> </span><span class=\"ls81 wsdf\">2<span class=\"_ _1\"></span>6<span class=\"_ _1\"></span>,<span class=\"_ _1\"></span>3<span class=\"_ _1\"></span>7<span class=\"_ _1\"></span>4<span class=\"_ _1\"></span>.4<span class=\"_ _383\"> </span></span></span></span></span></span></span>Financial liabilities<span class=\"_ _339\"> </span><span class=\"ls2\"> <span class=\"_ _11a\"> </span> <span class=\"_ _11a\"> </span> <span class=\"_ _21a\"> </span> <span class=\"_ _11a\"> </span> <span class=\"_ _11a\"> </span> </span>Amounts o<span class=\"_ _6\"></span>wed to r<span class=\"_ _6\"></span>etail depositor<span class=\"_ _6\"></span>s<span class=\"_ _19a\"> </span><span class=\"ff2 lsd3 ws86\">19<span class=\"_ _1f6\"></span>,755.8<span class=\"_ _67\"> </span><span class=\"ls11 ws6e\">19<span class=\"_ _6\"></span>,620.8<span class=\"_ _d9\"> </span><span class=\"ls2 ws2\">\u2013<span class=\"_ _6c\"> </span><span class=\"lse5 wsea\">5,<span class=\"_ _1\"></span>7<span class=\"_ _2\"></span>70.<span class=\"_ _1\"></span>3<span class=\"_ _a6\"> </span><span class=\"lscd wsce\">13,922.7<span class=\"_ _67\"> </span><span class=\"ls16c ws189\">1<span class=\"_ _2\"></span>9,<span class=\"_ _1\"></span>6<span class=\"_ _2\"></span>9<span class=\"_ _2\"></span>3<span class=\"_ _1\"></span>.<span class=\"_ _2\"></span>0<span class=\"_ _383\"> </span></span></span></span></span></span></span>Amounts o<span class=\"_ _6\"></span>wed to cr<span class=\"_ _6\"></span>edit institutions<span class=\"_ _ae\"> </span><span class=\"ff2 lsc5 wsc4\">5<span class=\"_ _1\"></span>,<span class=\"_ _1\"></span>0<span class=\"_ _1\"></span>9<span class=\"_ _1\"></span>2<span class=\"_ _2\"></span>.9<span class=\"_ _d\"> </span><span class=\"lsc4 wsc3\">5<span class=\"_ _0\"></span>,<span class=\"_ _2\"></span>0<span class=\"_ _0\"> </span>5<span class=\"_ _0\"></span>7.<span class=\"_ _0\"></span>8<span class=\"_ _35\"> </span><span class=\"ls2 ws2\">\u2013 <span class=\"_ _aa\"> </span></span></span>5<span class=\"_ _1\"></span>,<span class=\"_ _1\"></span>0<span class=\"_ _2\"></span>9<span class=\"_ _1\"></span>2<span class=\"_ _2\"></span>.9<span class=\"_ _d9\"> </span><span class=\"ls2 ws2\">\u2013 <span class=\"_ _aa\"> </span></span>5<span class=\"_ _1\"></span>,<span class=\"_ _1\"></span>0<span class=\"_ _1\"></span>9<span class=\"_ _1\"></span>2<span class=\"_ _2\"></span>.9<span class=\"_ _383\"> </span></span>Amounts o<span class=\"_ _6\"></span>wed to o<span class=\"_ _6\"></span>ther customer<span class=\"_ _6\"></span>s<span class=\"_ _102\"> </span><span class=\"ff2 lsc3 wsc2\">11<span class=\"_ _1\"></span>3<span class=\"_ _2\"></span>.1<span class=\"_ _93\"> </span>1<span class=\"_ _1\"></span>1<span class=\"_ _1\"></span>2<span class=\"_ _2\"></span>.1<span class=\"_ _d9\"> </span><span class=\"ls2 ws2\">\u2013 <span class=\"_ _20e\"> </span>\u2013 <span class=\"_ _3d\"> </span></span>1<span class=\"_ _1\"></span>1<span class=\"_ _2\"></span>3<span class=\"_ _1\"></span>.1<span class=\"_ _9d\"> </span>11<span class=\"_ _2\"></span>3<span class=\"_ _1\"></span>.1<span class=\"_ _383\"> </span></span>Debt securities in issue<span class=\"_ _2b0\"> </span><span class=\"ff2 lsc5 wsc4\">2<span class=\"_ _2\"></span>6<span class=\"_ _1\"></span>5<span class=\"_ _1\"></span>.9<span class=\"_ _86\"> </span><span class=\"ls81 wsdf\">2<span class=\"_ _1\"></span>6<span class=\"_ _1\"></span>5<span class=\"_ _1\"></span>.4<span class=\"_ _d9\"> </span><span class=\"ls2 ws2\">\u2013 <span class=\"_ _122\"> </span></span></span>2<span class=\"_ _1\"></span>6<span class=\"_ _1\"></span>5<span class=\"_ _1\"></span>.9<span class=\"_ _d9\"> </span><span class=\"ls2 ws2\">\u2013 <span class=\"_ _74\"> </span></span>26<span class=\"_ _2\"></span>5<span class=\"_ _1\"></span>.9<span class=\"_ _383\"> </span></span>Other liabilities2<span class=\"_ _383\"> </span>3<span class=\"_ _1\"></span>8<span class=\"_ _2\"></span>.1<span class=\"_ _4f\"> </span>3<span class=\"_ _2\"></span>8<span class=\"_ _1\"></span>.1<span class=\"_ _d9\"> </span><span class=\"ls2 ws2\">\u2013 <span class=\"_ _59\"> </span></span>3<span class=\"_ _1\"></span>8<span class=\"_ _2\"></span>.1<span class=\"_ _d9\"> </span><span class=\"ls2 ws2\">\u2013 <span class=\"_ _2ab\"> </span></span>3<span class=\"_ _2\"></span>8<span class=\"_ _2\"></span>.1<span class=\"_ _383\"> </span>Subordinated liabilities<span class=\"_ _300\"> </span><span class=\"ff2 ls2\">\u2013 <span class=\"_ _3f\"> </span>\u2013 <span class=\"_ _20e\"> </span>\u2013 <span class=\"_ _3f\"> </span>\u2013 <span class=\"_ _20e\"> </span>\u2013 <span class=\"_ _3f\"> </span>\u2013 </span>PSBs<span class=\"_ _2b1\"> </span><span class=\"ff2 lscd wsce\">15.2<span class=\"_ _55\"> </span><span class=\"ls7e ws16\">15.0<span class=\"_ _55\"> </span>14.0<span class=\"_ _1cc\"> </span><span class=\"ls2 ws2\">\u2013 <span class=\"_ _3f\"> </span>\u2013 <span class=\"_ _5c\"> </span></span>14.0</span></span> <span class=\"_ _2ae\"> </span><span class=\"ff2 ls14 ws11\">25<span class=\"_ _1\"></span>,2<span class=\"_ _1\"></span>81.0<span class=\"_ _1fe\"> </span><span class=\"lsc6 wsc5\">2<span class=\"_ _2\"></span>5<span class=\"_ _2\"></span>,1<span class=\"_ _2\"></span>0<span class=\"_ _2\"></span>9.<span class=\"_ _2\"></span>2<span class=\"_ _254\"> </span><span class=\"ls7e ws16\">14.0<span class=\"_ _6e\"> </span><span class=\"lsc4 wsc3\">1<span class=\"_ _2\"></span>1<span class=\"_ _0\"></span>,<span class=\"_ _1\"></span>1<span class=\"_ _0\"></span>6<span class=\"_ _2\"></span>7.<span class=\"_ _0\"></span>2<span class=\"_ _67\"> </span><span class=\"lsd3 ws86\">14,035<span class=\"_ _6\"></span>.8<span class=\"_ _67\"> </span><span class=\"lsc4 wsc3\">2<span class=\"_ _0\"> </span>5<span class=\"_ _0\"></span>,<span class=\"_ _3\"> </span>2<span class=\"_ _2\"></span>1<span class=\"_ _0\"></span>7.<span class=\"_ _2\"></span>0<span class=\"_ _383\"> </span></span></span></span></span></span></span>1.<span class=\"_ _6\"></span> <span class=\"_ _41\"> </span>Balance ex<span class=\"_ _6\"></span>cludes prepa<span class=\"_ _6\"></span>yments.<span class=\"_ _383\"> </span>2. <span class=\"_ _149\"> </span>Balance exc<span class=\"_ _6\"></span>ludes defer<span class=\"_ _6\"></span>red income.<span class=\"_ _383\"> </span>2021<span class=\"_ _383\"> </span>Carrying amount<span class=\"_ _383\"> </span>\u00a3m<span class=\"_ _383\"> </span>Principal amount<span class=\"_ _383\"> </span>\u00a3m<span class=\"_ _383\"> </span>Estimated fair v<span class=\"_ _6\"></span>alue<span class=\"_ _383\"> </span>Level 1<span class=\"_ _1\"></span> \u00a3m<span class=\"_ _383\"> </span>Level 2<span class=\"_ _1\"></span> \u00a3m<span class=\"_ _383\"> </span>Level 3<span class=\"_ _1\"></span> \u00a3m<span class=\"_ _383\"> </span>To<span class=\"_ _1\"></span>t<span class=\"_ _2\"></span>a<span class=\"_ _1\"></span>l<span class=\"_ _2\"></span> \u00a3m<span class=\"_ _383\"> </span>Financial assets<span class=\"_ _383\"> </span>Cash in hand<span class=\"_ _2b4\"> </span><span class=\"ls9f wsbc\">0.5<span class=\"_ _15e\"> </span>0.5<span class=\"_ _d9\"> </span></span><span class=\"ls2\">\u2013 <span class=\"_ _37\"> </span><span class=\"ls9f wsbc\">0.5<span class=\"_ _d9\"> </span></span>\u2013 <span class=\"_ _37\"> </span><span class=\"ls9f wsbc\">0.5<span class=\"_ _383\"> </span></span></span>Loans and adv<span class=\"_ _6\"></span>ances to credit institutions<span class=\"_ _128\"> </span><span class=\"ls2c ws29\">2,843.6<span class=\"_ _6e\"> </span>2,843.6<span class=\"_ _1cc\"> </span></span><span class=\"ls2\">\u2013 <span class=\"_ _a5\"> </span><span class=\"ls2c ws29\">2,843.6<span class=\"_ _1cc\"> </span></span>\u2013 <span class=\"_ _89\"> </span><span class=\"ls2c ws29\">2,843.6<span class=\"_ _383\"> </span></span></span>Inv<span class=\"_ _6\"></span>estment securities<span class=\"_ _29f\"> </span><span class=\"lsed wsf2\">3<span class=\"_ _1\"></span>2<span class=\"_ _2\"></span>3<span class=\"_ _1\"></span>.1<span class=\"_ _3e\"> </span><span class=\"ls86 wsf1\">3<span class=\"_ _2\"></span>2<span class=\"_ _1\"></span>2<span class=\"_ _2\"></span>.9<span class=\"_ _d9\"> </span></span></span><span class=\"ls2\">\u2013 <span class=\"_ _70\"> </span><span class=\"ls54 ws55\">323.8<span class=\"_ _d9\"> </span></span>\u2013 <span class=\"_ _70\"> </span><span class=\"ls54 ws55\">323.8<span class=\"_ _383\"> </span></span></span>Loans and adv<span class=\"_ _6\"></span>ances to customer<span class=\"_ _6\"></span>s<span class=\"_ _33c\"> </span><span class=\"lsc9 wsc9\">21,0<span class=\"_ _1\"></span>62.6<span class=\"_ _66\"> </span><span class=\"lsd5 wsd5\">2<span class=\"_ _2\"></span>1<span class=\"_ _1\"></span>,<span class=\"_ _1\"></span>0<span class=\"_ _1\"></span>76<span class=\"_ _2\"></span>.<span class=\"_ _1\"></span>7<span class=\"_ _35\"> </span></span></span><span class=\"ls2\">\u2013 <span class=\"_ _a5\"> </span><span class=\"ls2c ws29\">3,323.0<span class=\"_ _66\"> </span><span class=\"ls6f ws75\">17<span class=\"_ _9\"></span>,7<span class=\"_ _1\"></span>56.5<span class=\"_ _6c\"> </span><span class=\"lsf8 wsfd\">2<span class=\"_ _2\"></span>1<span class=\"_ _1\"></span>,<span class=\"_ _2\"></span>0<span class=\"_ _1\"></span>7<span class=\"_ _2\"></span>9.<span class=\"_ _2\"></span>5<span class=\"_ _383\"> </span></span></span></span></span>Other assets1<span class=\"_ _383\"> </span>0<span class=\"_ _1\"></span>.9<span class=\"_ _8b\"> </span>0<span class=\"_ _1\"></span>.9<span class=\"_ _35\"> </span><span class=\"ls2 ws2\">\u2013 <span class=\"_ _57\"> </span></span>0<span class=\"_ _1\"></span>.9<span class=\"_ _d9\"> </span><span class=\"ls2 ws2\">\u2013 <span class=\"_ _b2\"> </span></span>0<span class=\"_ _1\"></span>.9 <span class=\"_ _79\"> </span><span class=\"ls88 wse3\">24,2<span class=\"_ _1\"></span>3<span class=\"_ _1\"></span>0.7<span class=\"_ _aa\"> </span>24,2<span class=\"_ _1\"></span>44.<span class=\"_ _1\"></span>6<span class=\"_ _d9\"> </span></span>\u2013 <span class=\"_ _6e\"> </span><span class=\"lsd7 wsd7\">6<span class=\"_ _2\"></span>,4<span class=\"_ _1\"></span>9<span class=\"_ _2\"></span>1<span class=\"_ _1\"></span>.<span class=\"_ _1\"></span>8<span class=\"_ _d\"> </span><span class=\"ls6f ws75\">17<span class=\"_ _9\"></span>,7<span class=\"_ _1\"></span>56.5<span class=\"_ _fd\"> </span><span class=\"lscd wsce\">24,24<span class=\"_ _1\"></span>8.3<span class=\"_ _383\"> </span></span></span></span>Financial liabilities<span class=\"_ _383\"> </span>Amounts o<span class=\"_ _6\"></span>wed to r<span class=\"_ _6\"></span>etail depositor<span class=\"_ _6\"></span>s<span class=\"_ _95\"> </span><span class=\"lsc8 wsc8\">1<span class=\"_ _2\"></span>7,<span class=\"_ _0\"></span>5<span class=\"_ _0\"></span>2<span class=\"_ _2\"></span>6<span class=\"_ _0\"></span>.<span class=\"_ _2\"></span>4<span class=\"_ _121\"> </span>1<span class=\"_ _2\"></span>7,<span class=\"_ _2\"></span>4<span class=\"_ _0\"></span>6<span class=\"_ _0\"></span>9<span class=\"_ _1\"></span>.<span class=\"_ _0\"></span>0<span class=\"_ _35\"> </span></span><span class=\"ls2\">\u2013 <span class=\"_ _d\"> </span><span class=\"lsff ws91\">6,601.3<span class=\"_ _1a\"> </span><span class=\"lsc5 wsc4\">1<span class=\"_ _2\"></span>0<span class=\"_ _1\"></span>,9<span class=\"_ _1\"></span>2<span class=\"_ _1\"></span>3<span class=\"_ _2\"></span>.<span class=\"_ _1\"></span>6<span class=\"_ _6e\"> </span><span class=\"lsc8 wsc8\">1<span class=\"_ _2\"></span>7,<span class=\"_ _0\"></span>5<span class=\"_ _0\"></span>2<span class=\"_ _2\"></span>4<span class=\"_ _0\"></span>.<span class=\"_ _1\"></span>9<span class=\"_ _383\"> </span></span></span></span></span>Amounts o<span class=\"_ _6\"></span>wed to cr<span class=\"_ _6\"></span>edit institutions<span class=\"_ _179\"> </span><span class=\"lsf8 wsfd\">4,<span class=\"_ _0\"></span>3<span class=\"_ _2\"></span>1<span class=\"_ _1\"></span>9.<span class=\"_ _2\"></span>6<span class=\"_ _76\"> </span><span class=\"ls2c ws29\">4,318.<span class=\"_ _6\"></span>5<span class=\"_ _1cc\"> </span><span class=\"ls2 ws2\">\u2013 <span class=\"_ _d2\"> </span><span class=\"lsf8 wsfd\">4<span class=\"_ _1\"></span>,<span class=\"_ _2\"></span>3<span class=\"_ _2\"></span>1<span class=\"_ _2\"></span>9.<span class=\"_ _2\"></span>6<span class=\"_ _35\"> </span></span>\u2013 <span class=\"_ _6b\"> </span><span class=\"lsf8 wsfd\">4<span class=\"_ _2\"></span>,<span class=\"_ _2\"></span>3<span class=\"_ _2\"></span>1<span class=\"_ _1\"></span>9.<span class=\"_ _2\"></span>6<span class=\"_ _383\"> </span></span></span></span></span>Amounts o<span class=\"_ _6\"></span>wed to o<span class=\"_ _6\"></span>ther customer<span class=\"_ _6\"></span>s<span class=\"_ _ef\"> </span><span class=\"ls14 ws11\">92.6<span class=\"_ _55\"> </span>92.5<span class=\"_ _d9\"> </span></span><span class=\"ls2\">\u2013 <span class=\"_ _20e\"> </span>\u2013 <span class=\"_ _5c\"> </span><span class=\"ls14 ws11\">92.6<span class=\"_ _55\"> </span>92.<span class=\"_ _1\"></span>6<span class=\"_ _383\"> </span></span></span>Debt securities in issue<span class=\"_ _2c6\"> </span><span class=\"ls9f wsbc\">460.3<span class=\"_ _50\"> </span>4<span class=\"_ _1\"></span>60.<span class=\"_ _1\"></span>2<span class=\"_ _d9\"> </span></span><span class=\"ls2\">\u2013 <span class=\"_ _74\"> </span><span class=\"ls9f wsbc\">4<span class=\"_ _1\"></span>60.3<span class=\"_ _d9\"> </span></span>\u2013 <span class=\"_ _83\"> </span><span class=\"ls9f wsbc\">46<span class=\"_ _1\"></span>0.3<span class=\"_ _383\"> </span></span></span>Other liabilities2<span class=\"_ _383\"> </span>28.8<span class=\"_ _55\"> </span>28.8<span class=\"_ _1cc\"> </span><span class=\"ls2 ws2\">\u2013 <span class=\"_ _e8\"> </span></span>28<span class=\"_ _1\"></span>.8<span class=\"_ _d9\"> </span><span class=\"ls2 ws2\">\u2013 <span class=\"_ _e8\"> </span></span>28.8<span class=\"_ _383\"> </span>Subordinated liabilities<span class=\"_ _17a\"> </span><span class=\"ls9f wsbc\">10.3<span class=\"_ _63\"> </span><span class=\"lsed wsf2\">1<span class=\"_ _2\"></span>0.1<span class=\"_ _d9\"> </span></span></span><span class=\"ls2\">\u2013 <span class=\"_ _3f\"> </span>\u2013 <span class=\"_ _9d\"> </span><span class=\"ls9f wsbc\">10.6<span class=\"_ _61\"> </span>10.6<span class=\"_ _383\"> </span></span></span>PSBs<span class=\"_ _10c\"> </span><span class=\"ls9f wsbc\">15.<span class=\"_ _1\"></span>2<span class=\"_ _61\"> </span></span>15.0<span class=\"_ _1b4\"> </span><span class=\"ls88 wse3\">14.<span class=\"_ _1\"></span>7<span class=\"_ _d9\"> </span><span class=\"ls2 ws2\">\u2013 <span class=\"_ _20e\"> </span>\u2013 <span class=\"_ _55\"> </span></span>14.<span class=\"_ _1\"></span>7</span> <span class=\"_ _33d\"> </span><span class=\"lsd7 wsd7\">2<span class=\"_ _1\"></span>2<span class=\"_ _1\"></span>,4<span class=\"_ _2\"></span>5<span class=\"_ _1\"></span>3<span class=\"_ _2\"></span>.<span class=\"_ _1\"></span>2<span class=\"_ _89\"> </span></span>22,394.<span class=\"_ _6\"></span>1<span class=\"_ _37\"> </span><span class=\"ls88 wse3\">1<span class=\"_ _1\"></span>4.7<span class=\"_ _40\"> </span><span class=\"ls9f wsbc\">11,<span class=\"_ _8\"></span>410.0<span class=\"_ _66\"> </span><span class=\"ls7a wsa1\">1<span class=\"_ _6\"></span>1,026.8<span class=\"_ _1a\"> </span><span class=\"lsd7 wsd7\">2<span class=\"_ _1\"></span>2<span class=\"_ _2\"></span>,4<span class=\"_ _1\"></span>5<span class=\"_ _1\"></span>1<span class=\"_ _1\"></span>.<span class=\"_ _1\"></span>5<span class=\"_ _383\"> </span></span></span></span></span>1.<span class=\"_ _6\"></span> <span class=\"_ _41\"> </span>Balance ex<span class=\"_ _6\"></span>cludes prepa<span class=\"_ _6\"></span>yments.<span class=\"_ _383\"> </span>2. <span class=\"_ _149\"> </span>Balance exc<span class=\"_ _6\"></span>ludes defer<span class=\"_ _6\"></span>red income.<span class=\"_ _383\"> </span>",
   "dimensions": {
    "concept": "ifrs-full:DisclosureOfFinancialInstrumentsExplanatory",
    "language": "en",
    "entity": "scheme:213800ZBKL9BHSL2K459",
    "period": "2022-01-01T00:00:00/2023-01-01T00:00:00"
   }
  },
  "fact-596": {
   "value": "5.\u2002Fair value gains on \ufb01nancial instruments 2022 \u00a3m 2021 \u00a3m Fair value changes in hedged assets (620.6) (2 97.8) Hedging of assets 621.9 298.9 Fair value changes in hedged liabilities 33.0 27.4 Hedging of liabilities (42.4) (26.1) Ineffective portion of hedges (8.1) 2.4 Net gains on unmatched swaps  57.1 10.3 Amortisation of inception adjustments 1 1.2 3.0 Amortisation of acquisition-related inception adjustments 2 10.2 13.4 Amortisation of de-designated hedge relationships 3 (0.1) 0.2 Fair value movements on mortgages at FVTPL (0.9) 1.2 Debit and credit valuation adjustment (0.5) (1.0)  58.9 29.5 1.   The amortisation of inception adjustment relates to the amortisation of the hedging adjustments arising when hedge accounting commences, primarily on derivative instruments previously taken out against the mortgage pipeline and also on derivative instruments previously taken out against new retail deposits. 2.   Relates to hedge accounting assets and liabilities recognised on the Combination. The inception adjustments are being amortised over the life of the derivative instruments acquired on Combination subsequently designated in hedging relationships. 3.  Relates to the amortisation of hedged items where hedge accounting has been discontinued due to ineffectiveness 46.\u2002Financial instruments and fair values i.\u2002Financial assets and \ufb01nancial liabilities The following table sets out the classi\ufb01cation of \ufb01nancial instruments in the Consolidated Statement of Financial Position: Note 2022 Designated FVTPL \u00a3m Mandatorily FVTPL \u00a3m FVOCI \u00a3m Amortised cost \u00a3m Total carrying amount \u00a3m Assets            Cash in hand   \u2013  \u2013  \u2013  0.4 0.4 Loans and advances to credit institutions 18 \u2013  \u2013  \u2013  3,365.7 3,365.7 Investment securities 19 0.5 \u2013  149.8 262.6 412.9 Loans and advances to customers 20 14.6 \u2013  \u2013  23,598.1 23,612.7 Derivative assets 25 \u2013  888.1 \u2013  \u2013  888.1 Other assets 1 27 \u2013  \u2013  \u2013  1.8 1.8    15.1 888.1 149.8 27, 228.6 28,281.6 Liabilities            Amounts owed to retail depositors 32 \u2013  \u2013  \u2013  19,755.8 19,755.8 Amounts owed to credit institutions 31 \u2013  \u2013  \u2013  5,092.9 5,092.9 Amounts owed to other customers 33 \u2013  \u2013  \u2013  113.1 113.1 Debt securities in issue 34 \u2013  \u2013  \u2013  265.9 265.9 Derivative liabilities 25 \u2013  106.6 \u2013  \u2013  106.6 Other liabilities 2 36 \u2013  \u2013  \u2013  38.1 38.1 Subordinated liabilities 39 \u2013  \u2013  \u2013  \u2013  \u2013 PSBs 40 \u2013  \u2013  \u2013  15.2 15.2    \u2013  106.6 \u2013  25,281.0 25,387.6 1.  Balance excludes prepayments. 2.  Balance excludes deferred income . i.\u2002Financial assets and \ufb01nancial liabilities continued Note 2021 Designated FVTPL \u00a3m Mandatorily FVTPL \u00a3m FVOCI \u00a3m Amortised cost \u00a3m Total carrying amount \u00a3m Assets    Cash in hand   \u2013  \u2013  \u2013  0.5 0.5 Loans and advances to credit institutions 18 \u2013  \u2013  \u2013  2,843.6 2,843.6 Investment securities 19 0.7 \u2013  167.6 323.1 491.4 Loans and advances to customers 20 17.7 \u2013  \u2013  21,062.6 21,080.3 Derivative assets 25 \u2013  185.7 \u2013  \u2013  185.7 Other assets1 27 \u2013  \u2013  \u2013  0.9 0.9    18.4 185.7 167.6 24,230.7 24,602.4 Liabilities    Amounts owed to retail depositors 32 \u2013  \u2013  \u2013  17,526.4 17,526 .4 Amounts owed to credit institutions 31 \u2013  \u2013  \u2013  4,319.6 4,319.6 Amounts owed to other customers 33 \u2013  \u2013  \u2013  92.6 92.6 Debt securities in issue 34 \u2013  \u2013  \u2013  460.3 460.3 Derivative liabilities 25 \u2013  19.7 \u2013  \u2013  19.7 Other liabilities2 36 \u2013  \u2013  \u2013  28.8 28.8 Subordinated liabilities 39 \u2013  \u2013  \u2013  10.3 10.3 PSBs 40 \u2013  \u2013  \u2013  15.2 15.2    \u2013  19.7 \u2013  22,453.2 22,472.9 1.  Balance excludes prepayments. 2.  Balance excludes deferred income. The Group has no non-derivative \ufb01nancial assets or \ufb01nancial liabilities classi\ufb01ed as held for trading. ii.\u2002Fair values The following tables summarise the carrying value and estimated fair value of \ufb01nancial instruments not measured at fair value in the Consolidated Statement of Financial Position: 2022 2021 Carrying value \u00a3m Estimated fair value \u00a3m Carrying  value \u00a3m Estimated fair value \u00a3m Assets    Cash in hand 0.4 0.4 0.5 0.5 Loans and advances to credit institutions 3,365.7 3,365.7 2,843.6 2,843.6 Investment securities 262.6 260.5 323.1 323.8 Loans and advances to customers 23,598.1 22,746.0 21,062.6 21,079.5 Other assets1 1.8 1.8 0.9 0.9  27,22 8 .6 26,374.4 24,230.7 24,248.3 Liabilities    Amounts owed to retail depositors 19,755.8 19,693.0 17,526.4 17,524.9 Amounts owed to credit institutions 5,092.9 5,092.9 4,319.6 4,319.6 Amounts owed to other customers 113.1 113.1 92.6 92.6 Debt securities in issue 265.9 265.9 460.3 460.3 Other liabilities2 38.1 38.1 28.8 28.8 Subordinated liabilities \u2013  \u2013  10.3 10.6 PSBs 15.2 14.0 15.2 14.7  25,281.0 25, 2 17.0 22,453.2 22,451.5 1.  Balance excludes prepayments. 2.  Balance excludes deferred income. The fair values in these tables are estimated using the valuation techniques below. The estimated fair value is stated as at 31 December and may be signi\ufb01cantly different from the amounts which will actually be paid on the maturity or settlement dates of each \ufb01nancial instrument. Cash in hand This represents physical cash across the Group\u2019s branch network where fair value is considered to be equal to carrying value. Loans and advances to credit institutions This mainly represents the Group\u2019s working capital current accounts and call accounts with central governments and other banks with an original maturity of less than three months. Fair value is not considered to be materially different to carrying value. Investment securities Investment securities\u2019 fair values are provided by a third party and are based on the market values of similar \ufb01nancial instruments. The fair value of investment securities held at FVTPL is measured using a discounted cash \ufb02ow model. Loans and advances to customers This mainly represents secured mortgage lending to customers. The fair value of \ufb01xed rate mortgages has been estimated by discounting future cash \ufb02ows at current market rates of interest. Future cash \ufb02ows include the impact of ECL. The interest rate on variable rate mortgages is considered to be equal to current market product rates and as such fair value is estimated to be equal to carrying value. Other assets Other assets disclosed in the table above exclude prepayments and the fair value is considered to be equal to carrying value. Amounts owed to retail depositors The fair value of \ufb01xed rate retail deposits has been estimated by discounting future cash \ufb02ows at current market rates of interest. Retail deposits at variable rates and deposits payable on demand are considered to be at current market rates and as such fair value is estimated to be equal to carrying value. Amounts owed to credit institutions This mainly represents amounts drawn down under the BoE TFSME and commercial repos. Fair value is considered to be equal to carrying value. Amounts owed to other customers This represents saving products to corporations and local authorities. The fair value of \ufb01xed rate deposits is estimated by discounting future cash \ufb02ows at current market rates of interest. Deposits at variable rates are considered to be at current market rates and the fair value is estimated to be equal to carrying value. Debt securities in issue While the Group\u2019s debt securities in issue are listed, the quoted prices for an individual note may not be indicative of the fair value of the issue as a whole, due to the specialised nature of the market in such instruments and the limited number of investors participating in it. Fair value is not considered to be materially different to carrying value. Other liabilities Other liabilities disclosed in the table above exclude deferred income and the fair value is considered to be equal to carrying value. Subordinated liabilities and PSBs The fair value of subordinated liabilities is estimated by using quoted market prices of similar instruments at the reporting date. The PSBs are listed on the London Stock Exchange with fair value being the quoted market price at the reporting date. iii.\u2002Fair value classi\ufb01cation The following tables provide an analysis of \ufb01nancial assets and \ufb01nancial liabilities measured at fair value in the Consolidated Statement of Financial Position grouped into Levels 1 to 3 based on the degree to which the fair value is observable: 2022 Carrying amount \u00a3m Principal amount \u00a3m Level 1 \u00a3m Level 2 \u00a3m Level 3 \u00a3m Total \u00a3m Financial assets            Investment securities 150.3 150.5 149.8 \u2013  0.5 150.3 Loans and advances to customers 14.6 17.7 \u2013  \u2013  14.6 14.6 Derivative assets 888.1 15,662.6 \u2013  888.1 \u2013  888.1  1,053.0 15,830.8 149.8 888.1 15.1 1,053.0 Financial liabilities            Derivative liabilities 106.6 9,518.0 \u2013  106.6 \u2013  106.6 2021 Carrying amount \u00a3m Principal amount \u00a3m Level 1 \u00a3m Level 2 \u00a3m Level 3 \u00a3m Total \u00a3m Financial assets Investment securities 168.3 166.2 152.1 15.5 0.7 168.3 Loans and advances to customers 17.7 19.7 \u2013  \u2013  17.7 17.7 Derivative assets 185.7 12,968.3 \u2013  185.7 \u2013  185.7  371.7 13,154.2 152.1 201.2 18.4 371.7 Financial liabilities Derivative liabilities 19.7 7,378.0 \u2013  19.7 \u2013  19.7 Level 1: Fair values that are based entirely on quoted market prices (unadjusted) in an actively traded market for identical assets and liabilities that the Group has the ability to access. Valuation adjustments and block discounts are not applied to Level 1 instruments. Since valuations are based on readily available observable market prices, this makes them most reliable, reduces the need for management judgement and estimation and also reduces the uncertainty associated with determining fair values. Level 2: Fair values that are based on one or more quoted prices in markets that are not active or for which all signi\ufb01cant inputs are taken from directly or indirectly observable market data. These include valuation models used to calculate the present value of expected future cash \ufb02ows and may be employed either when no active market exists or when there are no quoted prices available for similar instruments in active markets. Level 3: Fair values for which any one or more signi\ufb01cant input is not based on observable market data and the unobservable inputs have a signi\ufb01cant effect on the instrument\u2019s fair value. Valuation models that employ signi\ufb01cant unobservable inputs require a higher degree of management judgement and estimation in determining the fair value. Management judgement and estimation are usually required for the selection of the appropriate valuation model to be used, determination of expected future cash \ufb02ows on the \ufb01nancial instruments being valued, determination of the probability of counterparty default and prepayments, determination of expected volatilities and correlations and the selection of appropriate discount rates. The following tables provide an analysis of \ufb01nancial assets and \ufb01nancial liabilities not measured at fair value in the Consolidated Statement of Financial Position grouped into Levels 1 to 3 based on the degree to which the fair value is observable: 2022 Carrying amount \u00a3m Principal amount \u00a3m Estimated fair value Level 1 \u00a3m Level 2 \u00a3m Level 3 \u00a3m Total \u00a3m Financial assets            Cash in hand 0.4 0.4 \u2013  0.4 \u2013  0.4 Loans and advances to credit institutions 3,365.7 3,360.9 \u2013  3,365.7 \u2013  3,365.7 Investment securities 262.6 262.1 \u2013 260.5 \u2013 260.5 Loans and advances to customers 23,598.1 23,646.2 \u2013  2,515.0 20,231.0 22,746.0 Other assets1 1.8 1.8 \u2013  1.8 \u2013  1.8  27, 22 8.6 27,271.4 \u2013 6,143.4 20,231.0 26,374.4 Financial liabilities            Amounts owed to retail depositors 19,755.8 19,620.8 \u2013 5,770.3 13,922.7 19,693.0 Amounts owed to credit institutions 5,092.9 5,0 57.8 \u2013  5,092.9 \u2013  5,092.9 Amounts owed to other customers 113.1 112.1 \u2013  \u2013  113.1 113.1 Debt securities in issue 265.9 265.4 \u2013  265.9 \u2013  265.9 Other liabilities2 38.1 38.1 \u2013  38.1 \u2013  38.1 Subordinated liabilities \u2013  \u2013  \u2013  \u2013  \u2013  \u2013 PSBs 15.2 15.0 14.0 \u2013  \u2013  14.0  25,281.0 25,109.2 14.0 11,167.2 14,035.8 2 5, 217.0 1.  Balance excludes prepayments. 2.  Balance excludes deferred income. 2021 Carrying amount \u00a3m Principal amount \u00a3m Estimated fair value Level 1 \u00a3m Level 2 \u00a3m Level 3 \u00a3m Total \u00a3m Financial assets Cash in hand 0.5 0.5 \u2013  0.5 \u2013  0.5 Loans and advances to credit institutions 2,843.6 2,843.6 \u2013  2,843.6 \u2013  2,843.6 Investment securities 323.1 322.9 \u2013  323.8 \u2013  323.8 Loans and advances to customers 21,062.6 21,076.7 \u2013  3,323.0 17,756.5 21,079.5 Other assets1 0.9 0.9 \u2013  0.9 \u2013  0.9  24,230.7 24,244.6 \u2013  6,491.8 17,756.5 24,248.3 Financial liabilities Amounts owed to retail depositors 17,526.4 17,469.0 \u2013  6,601.3 10,923.6 17,524.9 Amounts owed to credit institutions 4,319.6 4,318.5 \u2013  4,319.6 \u2013  4,319.6 Amounts owed to other customers 92.6 92.5 \u2013  \u2013  92.6 92.6 Debt securities in issue 460.3 460.2 \u2013  460.3 \u2013  460.3 Other liabilities2 28.8 28.8 \u2013  28.8 \u2013  28.8 Subordinated liabilities 10.3 10.1 \u2013  \u2013  10.6 10.6 PSBs 15.2 15.0 14.7 \u2013  \u2013  14.7  22,453.2 22,394.1 14.7 11,410.0 11,026.8 22,451.5 1.  Balance excludes prepayments. 2.  Balance excludes deferred income. ",
   "dimensions": {
    "concept": "ifrs-full:DisclosureOfFairValueOfFinancialInstrumentsExplanatory",
    "language": "en",
    "entity": "scheme:213800ZBKL9BHSL2K459",
    "period": "2022-01-01T00:00:00/2023-01-01T00:00:00"
   }
  },
  "fact-509": {
   "value": "<div class=\"t m3 hc ff2 fs7 fc2 sc0 ls2 ws2 gs2a5\">7<span class=\"_ _1f6\"></span><span class=\"_ _383\">.\u2002O</span><span class=\"_ _1\"></span>the<span class=\"_ _1\"></span>r op<span class=\"_ _1\"></span>erat<span class=\"_ _1\"></span>ing inc<span class=\"_ _1\"></span>om<span class=\"_ _1\"></span>e<span class=\"_ _383\"> </span></div><div class=\"t m3 h3a ff2 fs5 fc3 sc0 lse ws71 gs2a6\">2022<span class=\"_ _383\"> </span></div><div class=\"t m3 h3a ff2 fs5 fc3 sc0 lse ws71 gs2a7\">\u00a3m<span class=\"_ _383\"> </span></div><div class=\"t m3 h8 ff1 fs5 fc3 sc0 lse ws71 gs2a8\">2021<span class=\"_ _383\"> </span></div><div class=\"t m3 h8 ff1 fs5 fc3 sc0 lse ws71 gs2a9\">\u00a3m<span class=\"_ _383\"> </span></div><div class=\"t m3 hd ff1 fs7 fc3 sc0 ls11 ws2 gs2aa\">Inter<span class=\"_ _6\"></span>est receive<span class=\"_ _6\"></span>d on mortgages held at FV<span class=\"_ _1\"></span>TPL<span class=\"_ _62\"> </span><span class=\"ff2 ws6e\">0.6<span class=\"_ _53\"> </span></span><span class=\"ls9f wsbc\">0.5<span class=\"_ _383\"> </span></span></div><div class=\"t m3 hd ff1 fs7 fc3 sc0 ls11 ws2 gs2ab\">Fees and commissions receivable<span class=\"_ _1c9\"> </span><span class=\"ff2 ls7e ws16\">6.0<span class=\"_ _ca\"> </span></span><span class=\"lsc8 wsc8\">7.<span class=\"_ _1\"></span>4<span class=\"_ _0\"></span> </span></div><div class=\"t m3 hd ff1 fs7 fc3 sc0 ls2 ws2 gs2ac\"> <span class=\"_ _234\"> </span><span class=\"ff2\">6.6<span class=\"_ _ca\"> </span></span><span class=\"lsc8 wsc8\">7.<span class=\"_ _1\"></span>9<span class=\"_ _383\"> </span></span></div>",
   "dimensions": {
    "concept": "ifrs-full:DisclosureOfOtherOperatingIncomeExpenseExplanatory",
    "language": "en",
    "entity": "scheme:213800ZBKL9BHSL2K459",
    "period": "2022-01-01T00:00:00/2023-01-01T00:00:00"
   }
  },
  "fact-560": {
   "value": "7<span class=\"_ _1f6\"></span><span class=\"_ _383\">.\u2002O</span><span class=\"_ _1\"></span>the<span class=\"_ _1\"></span>r op<span class=\"_ _1\"></span>erat<span class=\"_ _1\"></span>ing inc<span class=\"_ _1\"></span>om<span class=\"_ _1\"></span>e<span class=\"_ _383\"> </span>2022<span class=\"_ _383\"> </span>\u00a3m<span class=\"_ _383\"> </span>2021<span class=\"_ _383\"> </span>\u00a3m<span class=\"_ _383\"> </span>Inter<span class=\"_ _6\"></span>est receive<span class=\"_ _6\"></span>d on mortgages held at FV<span class=\"_ _1\"></span>TPL<span class=\"_ _62\"> </span><span class=\"ff2 ws6e\">0.6<span class=\"_ _53\"> </span></span><span class=\"ls9f wsbc\">0.5<span class=\"_ _383\"> </span></span>Fees and commissions receivable<span class=\"_ _1c9\"> </span><span class=\"ff2 ls7e ws16\">6.0<span class=\"_ _ca\"> </span></span><span class=\"lsc8 wsc8\">7.<span class=\"_ _1\"></span>4<span class=\"_ _0\"></span> </span> <span class=\"_ _234\"> </span><span class=\"ff2\">6.6<span class=\"_ _ca\"> </span></span><span class=\"lsc8 wsc8\">7.<span class=\"_ _1\"></span>9<span class=\"_ _383\"> </span></span>",
   "dimensions": {
    "concept": "ifrs-full:DisclosureOfOtherOperatingIncomeExplanatory",
    "language": "en",
    "entity": "scheme:213800ZBKL9BHSL2K459",
    "period": "2022-01-01T00:00:00/2023-01-01T00:00:00"
   }
  },
  "fact-510": {
   "value": "<div class=\"t m3 hc ff2 fs7 fc2 sc0 ls2c ws29 gs2ae\"><span class=\"_ _383\">8.\u2002Administrative expens</span><span class=\"_ _1\"></span>es<span class=\"_ _383\"> </span></div><div class=\"t m3 h3a ff2 fs5 fc3 sc0 lse ws71 gs2af\">2022<span class=\"_ _383\"> </span></div><div class=\"t m3 h3a ff2 fs5 fc3 sc0 lse ws71 gs2b0\">\u00a3m<span class=\"_ _383\"> </span></div><div class=\"t m3 h8 ff1 fs5 fc3 sc0 lse ws71 gs2b1\">2021<span class=\"_ _383\"> </span></div><div class=\"t m3 h8 ff1 fs5 fc3 sc0 lse ws71 gs2b2\">\u00a3m<span class=\"_ _383\"> </span></div><div class=\"t m3 hd ff1 fs7 fc3 sc0 ls11 ws2 gs2b3\"><span class=\"_ _383\">Staff cost</span><span class=\"_ _6\"></span>s<span class=\"_ _235\"> </span><span class=\"ff2 lsc6 wsc5\">1<span class=\"_ _1\"></span>0<span class=\"_ _2\"></span>9.<span class=\"_ _2\"></span>3<span class=\"_ _4f\"> </span></span><span class=\"ls2\">92.5 </span></div><div class=\"t m3 hd ff1 fs7 fc3 sc0 ls11 ws2 gs2b4\">Facilities costs<span class=\"_ _236\"> </span><span class=\"ff2 ls81 wsdf\">6.4<span class=\"_ _e5\"> </span></span><span class=\"ws6e\">6.0 </span></div><div class=\"t m3 hd ff1 fs7 fc3 sc0 ls11 ws2 gs2b5\">Mark<span class=\"_ _6\"></span>eting costs<span class=\"_ _237\"> </span><span class=\"ff2 ws6e\">4.5<span class=\"_ _15e\"> </span></span><span class=\"ls88 wse3\">4.0<span class=\"_ _1\"></span> </span></div><div class=\"t m3 hd ff1 fs7 fc3 sc0 ls11 ws2 gs2b6\">Support costs<span class=\"_ _184\"> </span><span class=\"ff2 ls14 ws11\">31.2<span class=\"_ _55\"> </span><span class=\"ff1\">25.3 </span></span></div><div class=\"t m3 hd ff1 fs7 fc3 sc0 ls11 ws2 gs2b7\">Prof<span class=\"_ _6\"></span>essional fees<span class=\"_ _22b\"> </span><span class=\"ff2 ws6e\">30.2<span class=\"_ _1b4\"> </span></span><span class=\"ls86 wsf1\">1<span class=\"_ _1\"></span>6<span class=\"_ _1\"></span>.9<span class=\"_ _2\"></span> </span></div><div class=\"t m3 hd ff1 fs7 fc3 sc0 ls11 ws2 gs2b8\">Other costs<span class=\"_ _238\"> </span><span class=\"ff2 ls7e ws16\">12.<span class=\"_ _1\"></span>8<span class=\"_ _90\"> </span></span><span class=\"lsc8 wsc8\">7.<span class=\"_ _3\"> </span>3<span class=\"_ _2\"></span> </span></div><div class=\"t m3 hd ff1 fs7 fc3 sc0 ls11 ws2 gs2b9\">Depreciation (see note 29)<span class=\"_ _239\"> </span><span class=\"ff2 ls7d wse2\">5.2<span class=\"_ _53\"> </span></span><span class=\"ws6e\">5<span class=\"_ _1\"></span>.0 </span></div><div class=\"t m3 hd ff1 fs7 fc3 sc0 ls11 ws2 gs2ba\">Amortisation (see note 30)<span class=\"_ _239\"> </span><span class=\"ff2 ls1f ws1c\">8.2<span class=\"_ _8b\"> </span></span><span class=\"lsf8 wsfd\">9.<span class=\"_ _2\"></span>5<span class=\"_ _2\"></span> </span></div><div class=\"t m3 hd ff1 fs7 fc3 sc0 ls2 ws2 gs2bb\"> <span class=\"_ _22d\"> </span><span class=\"ff2 lsc4 wsc3\">2<span class=\"_ _2\"></span>0<span class=\"_ _0\"></span>7.<span class=\"_ _0\"></span>8<span class=\"_ _5c\"> </span></span><span class=\"lscc wscd\">166.5<span class=\"_ _383\"> </span></span></div><div class=\"t m3 hd ff1 fs7 fc3 sc0 ls11 ws2 gs2bc\">Included in prof<span class=\"_ _6\"></span>essional fees are amount<span class=\"_ _6\"></span>s paid to the Company\u2019<span class=\"_ _1f6\"></span>s auditor as follows:<span class=\"_ _383\"> </span></div><div class=\"t m3 h3a ff2 fs5 fc3 sc0 lse ws71 gs2bd\">2022<span class=\"_ _383\"> </span></div><div class=\"t m3 h3a ff2 fs5 fc3 sc0 lse ws71 gs2be\">\u00a3\u2019000<span class=\"_ _383\"> </span></div><div class=\"t m3 h8 ff1 fs5 fc3 sc0 lse ws71 gs2bf\">2021<span class=\"_ _383\"> </span></div><div class=\"t m3 h8 ff1 fs5 fc3 sc0 lse ws71 gs2c0\">\u00a3\u2019000<span class=\"_ _383\"> </span></div><div class=\"t m3 hd ff1 fs7 fc3 sc0 ls11 ws2 gs2c1\">Fees payable to the Company\u2019<span class=\"_ _8\"></span>s auditor for the audit of the Company<span class=\"_ _6\"></span>\u2019<span class=\"_ _8\"></span>s annual accounts<span class=\"_ _23a\"> </span><span class=\"ff2 lsd3 ws86\">75<span class=\"_ _ce\"> </span></span><span class=\"ls2\">68 </span></div><div class=\"t m3 hd ff1 fs7 fc3 sc0 ls11 ws2 gs2c2\">Fees payable to the Company\u2019<span class=\"_ _8\"></span>s auditor for the audit of the account<span class=\"_ _6\"></span>s of subsidiaries<span class=\"_ _1c1\"> </span><span class=\"ff2 lsf9 ws82\">3,340<span class=\"_ _50\"> </span></span><span class=\"ls2\">2,330 </span></div><div class=\"t m3 hd ff1 fs7 fc3 sc0 ls11 ws2 gs2c3\">T<span class=\"_ _8\"></span>otal audit fees<span class=\"_ _220\"> </span><span class=\"ff2 lse0 wse0\">3<span class=\"_ _2\"></span>,415<span class=\"_ _91\"> </span></span><span class=\"ls2\">2,398 </span></div><div class=\"t m3 hd ff1 fs7 fc3 sc0 ls11 ws2 gs2c4\">Audit-relate<span class=\"_ _6\"></span>d assurance services<span class=\"_ _383\"> </span></div><div class=\"t m3 h1f ff1 fsf fc3 sc0 ls2 ws2 gs2c5\">1<span class=\"_ _383\"> </span></div><div class=\"t m3 hd ff2 fs7 fc3 sc0 lsff ws91 gs2c6\">254<span class=\"_ _37\"> </span><span class=\"ff1 ls14 ws11\">25<span class=\"_ _1\"></span>8 </span></div><div class=\"t m3 hd ff1 fs7 fc3 sc0 ls11 ws2 gs2c7\">Other assurance services<span class=\"_ _383\"> </span></div><div class=\"t m3 h1f ff1 fsf fc3 sc0 ls2 ws2 gs2c8\">2<span class=\"_ _383\"> </span></div><div class=\"t m3 hd ff2 fs7 fc3 sc0 lscd wsce gs2c9\">259<span class=\"_ _5f\"> </span><span class=\"ff1 ls12 wsf\">12<span class=\"_ _1\"></span>1 </span></div><div class=\"t m3 hd ff1 fs7 fc3 sc0 ls11 ws2 gs2ca\">Other non-audit services<span class=\"_ _383\"> </span></div><div class=\"t m3 h1f ff1 fsf fc3 sc0 ls2 ws2 gs2cb\">3<span class=\"_ _383\"> </span></div><div class=\"t m3 hd ff2 fs7 fc3 sc0 ls73 ws7a gs2cc\">33<span class=\"_ _d0\"> </span><span class=\"ff1 lscd wsce\">240<span class=\"_ _1\"></span> </span></div><div class=\"t m3 hd ff1 fs7 fc3 sc0 ls11 ws2 gs2cd\">T<span class=\"_ _8\"></span>otal non-audit fees<span class=\"_ _23b\"> </span><span class=\"ff2 lsd4 ws46\">546<span class=\"_ _53\"> </span></span><span class=\"lsa wse4\">61<span class=\"_ _1\"></span>9<span class=\"_ _1\"></span> </span></div><div class=\"t m3 hd ff2 fs7 fc3 sc0 ls11 ws2 gs2ce\">T<span class=\"_ _8\"></span>otal fees payable to the C<span class=\"_ _1\"></span>ompany\u2019<span class=\"_ _8\"></span>s auditor<span class=\"_ _23c\"> </span><span class=\"ls89 wscc\">3<span class=\"_ _1\"></span>,9<span class=\"_ _1\"></span>61<span class=\"_ _5c\"> </span><span class=\"ff1 ls38 ws35\">3,0<span class=\"_ _1\"></span>17<span class=\"_ _383\"> </span></span></span></div>1. <span class=\"_ _41\"> </span>In<span class=\"_ _1\"></span>cl<span class=\"_ _1\"></span>ud<span class=\"_ _1\"></span>es r<span class=\"_ _1\"></span>evi<span class=\"_ _1\"></span>ew o<span class=\"_ _1\"></span>f inte<span class=\"_ _1\"></span>ri<span class=\"_ _1\"></span>m \ufb01na<span class=\"_ _1\"></span>nc<span class=\"_ _1\"></span>ia<span class=\"_ _1\"></span>l info<span class=\"_ _1\"></span>rm<span class=\"_ _1\"></span>ati<span class=\"_ _1\"></span>on a<span class=\"_ _1\"></span>nd p<span class=\"_ _1\"></span>ro\ufb01<span class=\"_ _1\"></span>t ver<span class=\"_ _1\"></span>i\ufb01<span class=\"_ _1\"></span>cat<span class=\"_ _1\"></span>io<span class=\"_ _1\"></span>ns.<span class=\"_ _383\"> </span>2. <span class=\"_ _34\"> </span> <span class=\"_ _7\"></span>Cos<span class=\"_ _1\"></span>t<span class=\"_ _1\"></span>s co<span class=\"_ _1\"></span>mpr<span class=\"_ _1\"></span>is<span class=\"_ _1\"></span>e as<span class=\"_ _1\"></span>su<span class=\"_ _1\"></span>ran<span class=\"_ _1\"></span>c<span class=\"_ _1\"></span>e rev<span class=\"_ _1\"></span>ie<span class=\"_ _1\"></span>ws of A<span class=\"_ _1\"></span>lte<span class=\"_ _1\"></span>rn<span class=\"_ _1\"></span>ati<span class=\"_ _1\"></span>ve P<span class=\"_ _1\"></span>er<span class=\"_ _1\"></span>fo<span class=\"_ _1\"></span>rm<span class=\"_ _1\"></span>an<span class=\"_ _1\"></span>ce M<span class=\"_ _1\"></span>e<span class=\"_ _1\"></span>asu<span class=\"_ _1\"></span>re<span class=\"_ _1\"></span>s (AP<span class=\"_ _1\"></span>Ms), Env<span class=\"_ _1\"></span>iro<span class=\"_ _1\"></span>nm<span class=\"_ _1\"></span>ent<span class=\"_ _1\"></span>al, s<span class=\"_ _1\"></span>oc<span class=\"_ _1\"></span>ia<span class=\"_ _1\"></span>l and g<span class=\"_ _1\"></span>ove<span class=\"_ _1\"></span>rn<span class=\"_ _1\"></span>an<span class=\"_ _1\"></span>ce (<span class=\"_ _1\"></span>ESG) an<span class=\"_ _1\"></span>d Eur<span class=\"_ _1\"></span>op<span class=\"_ _1\"></span>e<span class=\"_ _1\"></span>an Si<span class=\"_ _1\"></span>ng<span class=\"_ _1\"></span>le E<span class=\"_ _1\"></span>le<span class=\"_ _1\"></span>ctr<span class=\"_ _1\"></span>on<span class=\"_ _1\"></span>ic Fo<span class=\"_ _1\"></span>rm<span class=\"_ _1\"></span>at (ES<span class=\"_ _1\"></span>EF<span class=\"_ _1\"></span>) ta<span class=\"_ _1\"></span>gg<span class=\"_ _1\"></span>in<span class=\"_ _1\"></span>g (2021: a<span class=\"_ _1\"></span>ss<span class=\"_ _1\"></span>ura<span class=\"_ _1\"></span>nc<span class=\"_ _1\"></span>e rev<span class=\"_ _1\"></span>i<span class=\"_ _1\"></span>ews o<span class=\"_ _1\"></span>f APM<span class=\"_ _1\"></span>s, i<span class=\"_ _1\"></span>nte<span class=\"_ _1\"></span>gr<span class=\"_ _1\"></span>ati<span class=\"_ _1\"></span>on c<span class=\"_ _1\"></span>os<span class=\"_ _1\"></span>ts a<span class=\"_ _1\"></span>nd ES<span class=\"_ _1\"></span>EF ta<span class=\"_ _1\"></span>gg<span class=\"_ _1\"></span>in<span class=\"_ _1\"></span>g). 3. <span class=\"_ _34\"> </span> <span class=\"_ _7\"></span>Co<span class=\"_ _1\"></span>st<span class=\"_ _1\"></span>s pr<span class=\"_ _1\"></span>ima<span class=\"_ _1\"></span>ril<span class=\"_ _1\"></span>y co<span class=\"_ _1\"></span>mp<span class=\"_ _1\"></span>ri<span class=\"_ _1\"></span>se wo<span class=\"_ _1\"></span>rk r<span class=\"_ _1\"></span>el<span class=\"_ _1\"></span>ate<span class=\"_ _1\"></span>d to th<span class=\"_ _1\"></span>e Eu<span class=\"_ _1\"></span>rop<span class=\"_ _1\"></span>e<span class=\"_ _1\"></span>an M<span class=\"_ _1\"></span>ed<span class=\"_ _1\"></span>ium Term n<span class=\"_ _1\"></span>ote (<span class=\"_ _1\"></span>EM<span class=\"_ _1\"></span>TN<span class=\"_ _1\"></span>) pr<span class=\"_ _1\"></span>og<span class=\"_ _1\"></span>ram<span class=\"_ _1\"></span>me (20<span class=\"_ _1\"></span>21: wo<span class=\"_ _1\"></span>rk re<span class=\"_ _1\"></span>la<span class=\"_ _1\"></span>te<span class=\"_ _1\"></span>d to th<span class=\"_ _1\"></span>e AT1 sec<span class=\"_ _1\"></span>ur<span class=\"_ _1\"></span>iti<span class=\"_ _1\"></span>es i<span class=\"_ _1\"></span>ss<span class=\"_ _1\"></span>uan<span class=\"_ _1\"></span>c<span class=\"_ _1\"></span>e, a ga<span class=\"_ _1\"></span>p ana<span class=\"_ _1\"></span>ly<span class=\"_ _1\"></span>si<span class=\"_ _1\"></span>s in rel<span class=\"_ _1\"></span>at<span class=\"_ _1\"></span>ion t<span class=\"_ _1\"></span>o TCFD a<span class=\"_ _1\"></span>nd th<span class=\"_ _1\"></span>e EM<span class=\"_ _1\"></span>TN p<span class=\"_ _1\"></span>ro<span class=\"_ _1\"></span>gra<span class=\"_ _1\"></span>mm<span class=\"_ _1\"></span>e).<span class=\"_ _383\"> </span>",
   "dimensions": {
    "concept": "ifrs-full:DisclosureOfGeneralAndAdministrativeExpenseExplanatory",
    "language": "en",
    "entity": "scheme:213800ZBKL9BHSL2K459",
    "period": "2022-01-01T00:00:00/2023-01-01T00:00:00"
   }
  },
  "fact-595": {
   "value": "<span class=\"_ _383\">8.\u2002Administrative expens</span><span class=\"_ _1\"></span>es<span class=\"_ _383\"> </span>2022<span class=\"_ _383\"> </span>\u00a3m<span class=\"_ _383\"> </span>2021<span class=\"_ _383\"> </span>\u00a3m<span class=\"_ _383\"> </span><span class=\"_ _383\">Staff cost</span><span class=\"_ _6\"></span>s<span class=\"_ _235\"> </span><span class=\"ff2 lsc6 wsc5\">1<span class=\"_ _1\"></span>0<span class=\"_ _2\"></span>9.<span class=\"_ _2\"></span>3<span class=\"_ _4f\"> </span></span><span class=\"ls2\">92.5 </span>Facilities costs<span class=\"_ _236\"> </span><span class=\"ff2 ls81 wsdf\">6.4<span class=\"_ _e5\"> </span></span><span class=\"ws6e\">6.0 </span>Mark<span class=\"_ _6\"></span>eting costs<span class=\"_ _237\"> </span><span class=\"ff2 ws6e\">4.5<span class=\"_ _15e\"> </span></span><span class=\"ls88 wse3\">4.0<span class=\"_ _1\"></span> </span>Support costs<span class=\"_ _184\"> </span><span class=\"ff2 ls14 ws11\">31.2<span class=\"_ _55\"> </span><span class=\"ff1\">25.3 </span></span>Prof<span class=\"_ _6\"></span>essional fees<span class=\"_ _22b\"> </span><span class=\"ff2 ws6e\">30.2<span class=\"_ _1b4\"> </span></span><span class=\"ls86 wsf1\">1<span class=\"_ _1\"></span>6<span class=\"_ _1\"></span>.9<span class=\"_ _2\"></span> </span>Other costs<span class=\"_ _238\"> </span><span class=\"ff2 ls7e ws16\">12.<span class=\"_ _1\"></span>8<span class=\"_ _90\"> </span></span><span class=\"lsc8 wsc8\">7.<span class=\"_ _3\"> </span>3<span class=\"_ _2\"></span> </span>Depreciation (see note 29)<span class=\"_ _239\"> </span><span class=\"ff2 ls7d wse2\">5.2<span class=\"_ _53\"> </span></span><span class=\"ws6e\">5<span class=\"_ _1\"></span>.0 </span>Amortisation (see note 30)<span class=\"_ _239\"> </span><span class=\"ff2 ls1f ws1c\">8.2<span class=\"_ _8b\"> </span></span><span class=\"lsf8 wsfd\">9.<span class=\"_ _2\"></span>5<span class=\"_ _2\"></span> </span> <span class=\"_ _22d\"> </span><span class=\"ff2 lsc4 wsc3\">2<span class=\"_ _2\"></span>0<span class=\"_ _0\"></span>7.<span class=\"_ _0\"></span>8<span class=\"_ _5c\"> </span></span><span class=\"lscc wscd\">166.5<span class=\"_ _383\"> </span></span>Included in prof<span class=\"_ _6\"></span>essional fees are amount<span class=\"_ _6\"></span>s paid to the Company\u2019<span class=\"_ _1f6\"></span>s auditor as follows:<span class=\"_ _383\"> </span>2022<span class=\"_ _383\"> </span>\u00a3\u2019000<span class=\"_ _383\"> </span>2021<span class=\"_ _383\"> </span>\u00a3\u2019000<span class=\"_ _383\"> </span>Fees payable to the Company\u2019<span class=\"_ _8\"></span>s auditor for the audit of the Company<span class=\"_ _6\"></span>\u2019<span class=\"_ _8\"></span>s annual accounts<span class=\"_ _23a\"> </span><span class=\"ff2 lsd3 ws86\">75<span class=\"_ _ce\"> </span></span><span class=\"ls2\">68 </span>Fees payable to the Company\u2019<span class=\"_ _8\"></span>s auditor for the audit of the account<span class=\"_ _6\"></span>s of subsidiaries<span class=\"_ _1c1\"> </span><span class=\"ff2 lsf9 ws82\">3,340<span class=\"_ _50\"> </span></span><span class=\"ls2\">2,330 </span>T<span class=\"_ _8\"></span>otal audit fees<span class=\"_ _220\"> </span><span class=\"ff2 lse0 wse0\">3<span class=\"_ _2\"></span>,415<span class=\"_ _91\"> </span></span><span class=\"ls2\">2,398 </span>Audit-relate<span class=\"_ _6\"></span>d assurance services<span class=\"_ _383\"> </span>1<span class=\"_ _383\"> </span>254<span class=\"_ _37\"> </span><span class=\"ff1 ls14 ws11\">25<span class=\"_ _1\"></span>8 </span>Other assurance services<span class=\"_ _383\"> </span>2<span class=\"_ _383\"> </span>259<span class=\"_ _5f\"> </span><span class=\"ff1 ls12 wsf\">12<span class=\"_ _1\"></span>1 </span>Other non-audit services<span class=\"_ _383\"> </span>3<span class=\"_ _383\"> </span>33<span class=\"_ _d0\"> </span><span class=\"ff1 lscd wsce\">240<span class=\"_ _1\"></span> </span>T<span class=\"_ _8\"></span>otal non-audit fees<span class=\"_ _23b\"> </span><span class=\"ff2 lsd4 ws46\">546<span class=\"_ _53\"> </span></span><span class=\"lsa wse4\">61<span class=\"_ _1\"></span>9<span class=\"_ _1\"></span> </span>T<span class=\"_ _8\"></span>otal fees payable to the C<span class=\"_ _1\"></span>ompany\u2019<span class=\"_ _8\"></span>s auditor<span class=\"_ _23c\"> </span><span class=\"ls89 wscc\">3<span class=\"_ _1\"></span>,9<span class=\"_ _1\"></span>61<span class=\"_ _5c\"> </span><span class=\"ff1 ls38 ws35\">3,0<span class=\"_ _1\"></span>17<span class=\"_ _383\"> </span></span></span>1. <span class=\"_ _41\"> </span>In<span class=\"_ _1\"></span>cl<span class=\"_ _1\"></span>ud<span class=\"_ _1\"></span>es r<span class=\"_ _1\"></span>evi<span class=\"_ _1\"></span>ew o<span class=\"_ _1\"></span>f inte<span class=\"_ _1\"></span>ri<span class=\"_ _1\"></span>m \ufb01na<span class=\"_ _1\"></span>nc<span class=\"_ _1\"></span>ia<span class=\"_ _1\"></span>l info<span class=\"_ _1\"></span>rm<span class=\"_ _1\"></span>ati<span class=\"_ _1\"></span>on a<span class=\"_ _1\"></span>nd p<span class=\"_ _1\"></span>ro\ufb01<span class=\"_ _1\"></span>t ver<span class=\"_ _1\"></span>i\ufb01<span class=\"_ _1\"></span>cat<span class=\"_ _1\"></span>io<span class=\"_ _1\"></span>ns.<span class=\"_ _383\"> </span>2. <span class=\"_ _34\"> </span> <span class=\"_ _7\"></span>Cos<span class=\"_ _1\"></span>t<span class=\"_ _1\"></span>s co<span class=\"_ _1\"></span>mpr<span class=\"_ _1\"></span>is<span class=\"_ _1\"></span>e as<span class=\"_ _1\"></span>su<span class=\"_ _1\"></span>ran<span class=\"_ _1\"></span>c<span class=\"_ _1\"></span>e rev<span class=\"_ _1\"></span>ie<span class=\"_ _1\"></span>ws of A<span class=\"_ _1\"></span>lte<span class=\"_ _1\"></span>rn<span class=\"_ _1\"></span>ati<span class=\"_ _1\"></span>ve P<span class=\"_ _1\"></span>er<span class=\"_ _1\"></span>fo<span class=\"_ _1\"></span>rm<span class=\"_ _1\"></span>an<span class=\"_ _1\"></span>ce M<span class=\"_ _1\"></span>e<span class=\"_ _1\"></span>asu<span class=\"_ _1\"></span>re<span class=\"_ _1\"></span>s (AP<span class=\"_ _1\"></span>Ms), Env<span class=\"_ _1\"></span>iro<span class=\"_ _1\"></span>nm<span class=\"_ _1\"></span>ent<span class=\"_ _1\"></span>al, s<span class=\"_ _1\"></span>oc<span class=\"_ _1\"></span>ia<span class=\"_ _1\"></span>l and g<span class=\"_ _1\"></span>ove<span class=\"_ _1\"></span>rn<span class=\"_ _1\"></span>an<span class=\"_ _1\"></span>ce (<span class=\"_ _1\"></span>ESG) an<span class=\"_ _1\"></span>d Eur<span class=\"_ _1\"></span>op<span class=\"_ _1\"></span>e<span class=\"_ _1\"></span>an Si<span class=\"_ _1\"></span>ng<span class=\"_ _1\"></span>le E<span class=\"_ _1\"></span>le<span class=\"_ _1\"></span>ctr<span class=\"_ _1\"></span>on<span class=\"_ _1\"></span>ic Fo<span class=\"_ _1\"></span>rm<span class=\"_ _1\"></span>at (ES<span class=\"_ _1\"></span>EF<span class=\"_ _1\"></span>) ta<span class=\"_ _1\"></span>gg<span class=\"_ _1\"></span>in<span class=\"_ _1\"></span>g (2021: a<span class=\"_ _1\"></span>ss<span class=\"_ _1\"></span>ura<span class=\"_ _1\"></span>nc<span class=\"_ _1\"></span>e rev<span class=\"_ _1\"></span>i<span class=\"_ _1\"></span>ews o<span class=\"_ _1\"></span>f APM<span class=\"_ _1\"></span>s, i<span class=\"_ _1\"></span>nte<span class=\"_ _1\"></span>gr<span class=\"_ _1\"></span>ati<span class=\"_ _1\"></span>on c<span class=\"_ _1\"></span>os<span class=\"_ _1\"></span>ts a<span class=\"_ _1\"></span>nd ES<span class=\"_ _1\"></span>EF ta<span class=\"_ _1\"></span>gg<span class=\"_ _1\"></span>in<span class=\"_ _1\"></span>g). 3. <span class=\"_ _34\"> </span> <span class=\"_ _7\"></span>Co<span class=\"_ _1\"></span>st<span class=\"_ _1\"></span>s pr<span class=\"_ _1\"></span>ima<span class=\"_ _1\"></span>ril<span class=\"_ _1\"></span>y co<span class=\"_ _1\"></span>mp<span class=\"_ _1\"></span>ri<span class=\"_ _1\"></span>se wo<span class=\"_ _1\"></span>rk r<span class=\"_ _1\"></span>el<span class=\"_ _1\"></span>ate<span class=\"_ _1\"></span>d to th<span class=\"_ _1\"></span>e Eu<span class=\"_ _1\"></span>rop<span class=\"_ _1\"></span>e<span class=\"_ _1\"></span>an M<span class=\"_ _1\"></span>ed<span class=\"_ _1\"></span>ium Term n<span class=\"_ _1\"></span>ote (<span class=\"_ _1\"></span>EM<span class=\"_ _1\"></span>TN<span class=\"_ _1\"></span>) pr<span class=\"_ _1\"></span>og<span class=\"_ _1\"></span>ram<span class=\"_ _1\"></span>me (20<span class=\"_ _1\"></span>21: wo<span class=\"_ _1\"></span>rk re<span class=\"_ _1\"></span>la<span class=\"_ _1\"></span>te<span class=\"_ _1\"></span>d to th<span class=\"_ _1\"></span>e AT1 sec<span class=\"_ _1\"></span>ur<span class=\"_ _1\"></span>iti<span class=\"_ _1\"></span>es i<span class=\"_ _1\"></span>ss<span class=\"_ _1\"></span>uan<span class=\"_ _1\"></span>c<span class=\"_ _1\"></span>e, a ga<span class=\"_ _1\"></span>p ana<span class=\"_ _1\"></span>ly<span class=\"_ _1\"></span>si<span class=\"_ _1\"></span>s in rel<span class=\"_ _1\"></span>at<span class=\"_ _1\"></span>ion t<span class=\"_ _1\"></span>o TCFD a<span class=\"_ _1\"></span>nd th<span class=\"_ _1\"></span>e EM<span class=\"_ _1\"></span>TN p<span class=\"_ _1\"></span>ro<span class=\"_ _1\"></span>gra<span class=\"_ _1\"></span>mm<span class=\"_ _1\"></span>e).<span class=\"_ _383\"> </span><span class=\"_ _383\">Staff cost</span><span class=\"_ _6\"></span>s comprise the following: 2022<span class=\"_ _383\"> </span>\u00a3m<span class=\"_ _383\"> </span>2021<span class=\"_ _383\"> </span>\u00a3m<span class=\"_ _383\"> </span>Salaries, incentiv<span class=\"_ _8\"></span>e pay and other bene\ufb01ts<span class=\"_ _23d\"> </span><span class=\"ff2 lsc4 wsc3\">8<span class=\"_ _2\"></span>7.<span class=\"_ _0\"> </span>3<span class=\"_ _37\"> </span></span><span class=\"ls2\">72.<span class=\"_ _8\"></span>9 </span>Share-based payment<span class=\"_ _6\"></span>s<span class=\"_ _222\"> </span><span class=\"ff2 lsc3 wsc2\">8<span class=\"_ _2\"></span>.1<span class=\"_ _5f\"> </span></span><span class=\"lse3 wse7\">6.7 </span>Social security costs<span class=\"_ _23e\"> </span><span class=\"ff2 lsc6 wsc5\">9.<span class=\"_ _1\"></span>5<span class=\"_ _23f\"> </span></span><span class=\"lsc8 wsc8\">7.<span class=\"_ _2\"></span>7<span class=\"_ _0\"> </span> </span>Other pension costs<span class=\"_ _240\"> </span><span class=\"ff2 ls81 wsdf\">4.4<span class=\"_ _e5\"> </span></span><span class=\"ls7a wsa1\">5.2 </span> <span class=\"_ _241\"> </span><span class=\"ff2 lsc6 wsc5\">1<span class=\"_ _1\"></span>0<span class=\"_ _2\"></span>9.<span class=\"_ _2\"></span>3<span class=\"_ _4f\"> </span></span><span class=\"ls14 ws11\">92.5<span class=\"_ _383\"> </span></span>The aver<span class=\"_ _6\"></span>age number of people employed by the Group (including Ex<span class=\"_ _6\"></span>ecutive Director<span class=\"_ _6\"></span>s) during the year is analysed belo<span class=\"_ _6\"></span>w<span class=\"_ _6\"></span>. <span class=\"_ _61\"> </span><span class=\"ff2 lse ws71\">2022<span class=\"_ _1b4\"> </span><span class=\"ff1\">2021<span class=\"_ _383\"> </span></span></span>UK<span class=\"_ _242\"> </span><span class=\"ff2 lse3 wse7\">1,27<span class=\"_ _1\"></span>4<span class=\"_ _18d\"> </span></span><span class=\"ls9f wsbc\">1,<span class=\"_ _1\"></span>220<span class=\"_ _383\"> </span></span>India<span class=\"_ _243\"> </span><span class=\"ff2 ls12 wsf\">622<span class=\"_ _1b4\"> </span></span><span class=\"ls1f ws1c\">535</span> <span class=\"_ _241\"> </span><span class=\"ff2 ls79 wse8\">1,896<span class=\"_ _3b\"> </span></span><span class=\"ls9f wsbc\">1,755<span class=\"_ _383\"> </span></span>",
   "dimensions": {
    "concept": "ifrs-full:DisclosureOfExpensesExplanatory",
    "language": "en",
    "entity": "scheme:213800ZBKL9BHSL2K459",
    "period": "2022-01-01T00:00:00/2023-01-01T00:00:00"
   }
  },
  "fact-561": {
   "value": "<span class=\"_ _383\">8.\u2002Administrative expens</span><span class=\"_ _1\"></span>es<span class=\"_ _383\"> </span>2022<span class=\"_ _383\"> </span>\u00a3m<span class=\"_ _383\"> </span>2021<span class=\"_ _383\"> </span>\u00a3m<span class=\"_ _383\"> </span><span class=\"_ _383\">Staff cost</span><span class=\"_ _6\"></span>s<span class=\"_ _235\"> </span><span class=\"ff2 lsc6 wsc5\">1<span class=\"_ _1\"></span>0<span class=\"_ _2\"></span>9.<span class=\"_ _2\"></span>3<span class=\"_ _4f\"> </span></span><span class=\"ls2\">92.5 </span>Facilities costs<span class=\"_ _236\"> </span><span class=\"ff2 ls81 wsdf\">6.4<span class=\"_ _e5\"> </span></span><span class=\"ws6e\">6.0 </span>Mark<span class=\"_ _6\"></span>eting costs<span class=\"_ _237\"> </span><span class=\"ff2 ws6e\">4.5<span class=\"_ _15e\"> </span></span><span class=\"ls88 wse3\">4.0<span class=\"_ _1\"></span> </span>Support costs<span class=\"_ _184\"> </span><span class=\"ff2 ls14 ws11\">31.2<span class=\"_ _55\"> </span><span class=\"ff1\">25.3 </span></span>Prof<span class=\"_ _6\"></span>essional fees<span class=\"_ _22b\"> </span><span class=\"ff2 ws6e\">30.2<span class=\"_ _1b4\"> </span></span><span class=\"ls86 wsf1\">1<span class=\"_ _1\"></span>6<span class=\"_ _1\"></span>.9<span class=\"_ _2\"></span> </span>Other costs<span class=\"_ _238\"> </span><span class=\"ff2 ls7e ws16\">12.<span class=\"_ _1\"></span>8<span class=\"_ _90\"> </span></span><span class=\"lsc8 wsc8\">7.<span class=\"_ _3\"> </span>3<span class=\"_ _2\"></span> </span>Depreciation (see note 29)<span class=\"_ _239\"> </span><span class=\"ff2 ls7d wse2\">5.2<span class=\"_ _53\"> </span></span><span class=\"ws6e\">5<span class=\"_ _1\"></span>.0 </span>Amortisation (see note 30)<span class=\"_ _239\"> </span><span class=\"ff2 ls1f ws1c\">8.2<span class=\"_ _8b\"> </span></span><span class=\"lsf8 wsfd\">9.<span class=\"_ _2\"></span>5<span class=\"_ _2\"></span> </span> <span class=\"_ _22d\"> </span><span class=\"ff2 lsc4 wsc3\">2<span class=\"_ _2\"></span>0<span class=\"_ _0\"></span>7.<span class=\"_ _0\"></span>8<span class=\"_ _5c\"> </span></span><span class=\"lscc wscd\">166.5<span class=\"_ _383\"> </span></span>",
   "dimensions": {
    "concept": "ifrs-full:DisclosureOfDepreciationAndAmortisationExpenseExplanatory",
    "language": "en",
    "entity": "scheme:213800ZBKL9BHSL2K459",
    "period": "2022-01-01T00:00:00/2023-01-01T00:00:00"
   }
  },
  "fact-562": {
   "value": "Included in prof<span class=\"_ _6\"></span>essional fees are amount<span class=\"_ _6\"></span>s paid to the Company\u2019<span class=\"_ _1f6\"></span>s auditor as follows:<span class=\"_ _383\"> </span>2022<span class=\"_ _383\"> </span>\u00a3\u2019000<span class=\"_ _383\"> </span>2021<span class=\"_ _383\"> </span>\u00a3\u2019000<span class=\"_ _383\"> </span>Fees payable to the Company\u2019<span class=\"_ _8\"></span>s auditor for the audit of the Company<span class=\"_ _6\"></span>\u2019<span class=\"_ _8\"></span>s annual accounts<span class=\"_ _23a\"> </span><span class=\"ff2 lsd3 ws86\">75<span class=\"_ _ce\"> </span></span><span class=\"ls2\">68 </span>Fees payable to the Company\u2019<span class=\"_ _8\"></span>s auditor for the audit of the account<span class=\"_ _6\"></span>s of subsidiaries<span class=\"_ _1c1\"> </span><span class=\"ff2 lsf9 ws82\">3,340<span class=\"_ _50\"> </span></span><span class=\"ls2\">2,330 </span>T<span class=\"_ _8\"></span>otal audit fees<span class=\"_ _220\"> </span><span class=\"ff2 lse0 wse0\">3<span class=\"_ _2\"></span>,415<span class=\"_ _91\"> </span></span><span class=\"ls2\">2,398 </span>Audit-relate<span class=\"_ _6\"></span>d assurance services<span class=\"_ _383\"> </span>1<span class=\"_ _383\"> </span>254<span class=\"_ _37\"> </span><span class=\"ff1 ls14 ws11\">25<span class=\"_ _1\"></span>8 </span>Other assurance services<span class=\"_ _383\"> </span>2<span class=\"_ _383\"> </span>259<span class=\"_ _5f\"> </span><span class=\"ff1 ls12 wsf\">12<span class=\"_ _1\"></span>1 </span>Other non-audit services<span class=\"_ _383\"> </span>3<span class=\"_ _383\"> </span>33<span class=\"_ _d0\"> </span><span class=\"ff1 lscd wsce\">240<span class=\"_ _1\"></span> </span>T<span class=\"_ _8\"></span>otal non-audit fees<span class=\"_ _23b\"> </span><span class=\"ff2 lsd4 ws46\">546<span class=\"_ _53\"> </span></span><span class=\"lsa wse4\">61<span class=\"_ _1\"></span>9<span class=\"_ _1\"></span> </span>T<span class=\"_ _8\"></span>otal fees payable to the C<span class=\"_ _1\"></span>ompany\u2019<span class=\"_ _8\"></span>s auditor<span class=\"_ _23c\"> </span><span class=\"ls89 wscc\">3<span class=\"_ _1\"></span>,9<span class=\"_ _1\"></span>61<span class=\"_ _5c\"> </span><span class=\"ff1 ls38 ws35\">3,0<span class=\"_ _1\"></span>17<span class=\"_ _383\"> </span></span></span><div class=\"t m3 h8 ff1 fs5 fc3 sc0 ls2 ws2 gs2d0\">1. <span class=\"_ _41\"> </span>In<span class=\"_ _1\"></span>cl<span class=\"_ _1\"></span>ud<span class=\"_ _1\"></span>es r<span class=\"_ _1\"></span>evi<span class=\"_ _1\"></span>ew o<span class=\"_ _1\"></span>f inte<span class=\"_ _1\"></span>ri<span class=\"_ _1\"></span>m \ufb01na<span class=\"_ _1\"></span>nc<span class=\"_ _1\"></span>ia<span class=\"_ _1\"></span>l info<span class=\"_ _1\"></span>rm<span class=\"_ _1\"></span>ati<span class=\"_ _1\"></span>on a<span class=\"_ _1\"></span>nd p<span class=\"_ _1\"></span>ro\ufb01<span class=\"_ _1\"></span>t ver<span class=\"_ _1\"></span>i\ufb01<span class=\"_ _1\"></span>cat<span class=\"_ _1\"></span>io<span class=\"_ _1\"></span>ns.<span class=\"_ _383\"> </span></div><div class=\"t m3 h8 ff1 fs5 fc3 sc0 ls2 ws2 gs2d1\">2. <span class=\"_ _34\"> </span> <span class=\"_ _7\"></span>Cos<span class=\"_ _1\"></span>t<span class=\"_ _1\"></span>s co<span class=\"_ _1\"></span>mpr<span class=\"_ _1\"></span>is<span class=\"_ _1\"></span>e as<span class=\"_ _1\"></span>su<span class=\"_ _1\"></span>ran<span class=\"_ _1\"></span>c<span class=\"_ _1\"></span>e rev<span class=\"_ _1\"></span>ie<span class=\"_ _1\"></span>ws of A<span class=\"_ _1\"></span>lte<span class=\"_ _1\"></span>rn<span class=\"_ _1\"></span>ati<span class=\"_ _1\"></span>ve P<span class=\"_ _1\"></span>er<span class=\"_ _1\"></span>fo<span class=\"_ _1\"></span>rm<span class=\"_ _1\"></span>an<span class=\"_ _1\"></span>ce M<span class=\"_ _1\"></span>e<span class=\"_ _1\"></span>asu<span class=\"_ _1\"></span>re<span class=\"_ _1\"></span>s (AP<span class=\"_ _1\"></span>Ms), Env<span class=\"_ _1\"></span>iro<span class=\"_ _1\"></span>nm<span class=\"_ _1\"></span>ent<span class=\"_ _1\"></span>al, s<span class=\"_ _1\"></span>oc<span class=\"_ _1\"></span>ia<span class=\"_ _1\"></span>l and g<span class=\"_ _1\"></span>ove<span class=\"_ _1\"></span>rn<span class=\"_ _1\"></span>an<span class=\"_ _1\"></span>ce (<span class=\"_ _1\"></span>ESG) an<span class=\"_ _1\"></span>d Eur<span class=\"_ _1\"></span>op<span class=\"_ _1\"></span>e<span class=\"_ _1\"></span>an Si<span class=\"_ _1\"></span>ng<span class=\"_ _1\"></span>le E<span class=\"_ _1\"></span>le<span class=\"_ _1\"></span>ctr<span class=\"_ _1\"></span>on<span class=\"_ _1\"></span>ic Fo<span class=\"_ _1\"></span>rm<span class=\"_ _1\"></span>at </div><div class=\"t m3 h8 ff1 fs5 fc3 sc0 ls2 ws2 gs2d2\">(ES<span class=\"_ _1\"></span>EF<span class=\"_ _1\"></span>) ta<span class=\"_ _1\"></span>gg<span class=\"_ _1\"></span>in<span class=\"_ _1\"></span>g (2021: a<span class=\"_ _1\"></span>ss<span class=\"_ _1\"></span>ura<span class=\"_ _1\"></span>nc<span class=\"_ _1\"></span>e rev<span class=\"_ _1\"></span>i<span class=\"_ _1\"></span>ews o<span class=\"_ _1\"></span>f APM<span class=\"_ _1\"></span>s, i<span class=\"_ _1\"></span>nte<span class=\"_ _1\"></span>gr<span class=\"_ _1\"></span>ati<span class=\"_ _1\"></span>on c<span class=\"_ _1\"></span>os<span class=\"_ _1\"></span>ts a<span class=\"_ _1\"></span>nd ES<span class=\"_ _1\"></span>EF ta<span class=\"_ _1\"></span>gg<span class=\"_ _1\"></span>in<span class=\"_ _1\"></span>g). </div><div class=\"t m3 h8 ff1 fs5 fc3 sc0 ls2 ws2 gs2d3\">3. <span class=\"_ _34\"> </span> <span class=\"_ _7\"></span>Co<span class=\"_ _1\"></span>st<span class=\"_ _1\"></span>s pr<span class=\"_ _1\"></span>ima<span class=\"_ _1\"></span>ril<span class=\"_ _1\"></span>y co<span class=\"_ _1\"></span>mp<span class=\"_ _1\"></span>ri<span class=\"_ _1\"></span>se wo<span class=\"_ _1\"></span>rk r<span class=\"_ _1\"></span>el<span class=\"_ _1\"></span>ate<span class=\"_ _1\"></span>d to th<span class=\"_ _1\"></span>e Eu<span class=\"_ _1\"></span>rop<span class=\"_ _1\"></span>e<span class=\"_ _1\"></span>an M<span class=\"_ _1\"></span>ed<span class=\"_ _1\"></span>ium Term n<span class=\"_ _1\"></span>ote (<span class=\"_ _1\"></span>EM<span class=\"_ _1\"></span>TN<span class=\"_ _1\"></span>) pr<span class=\"_ _1\"></span>og<span class=\"_ _1\"></span>ram<span class=\"_ _1\"></span>me (20<span class=\"_ _1\"></span>21: wo<span class=\"_ _1\"></span>rk re<span class=\"_ _1\"></span>la<span class=\"_ _1\"></span>te<span class=\"_ _1\"></span>d to th<span class=\"_ _1\"></span>e AT1 sec<span class=\"_ _1\"></span>ur<span class=\"_ _1\"></span>iti<span class=\"_ _1\"></span>es i<span class=\"_ _1\"></span>ss<span class=\"_ _1\"></span>uan<span class=\"_ _1\"></span>c<span class=\"_ _1\"></span>e, a ga<span class=\"_ _1\"></span>p ana<span class=\"_ _1\"></span>ly<span class=\"_ _1\"></span>si<span class=\"_ _1\"></span>s in </div><div class=\"t m3 h8 ff1 fs5 fc3 sc0 ls2 ws2 gs2d4\">rel<span class=\"_ _1\"></span>at<span class=\"_ _1\"></span>ion t<span class=\"_ _1\"></span>o TCFD a<span class=\"_ _1\"></span>nd th<span class=\"_ _1\"></span>e EM<span class=\"_ _1\"></span>TN p<span class=\"_ _1\"></span>ro<span class=\"_ _1\"></span>gra<span class=\"_ _1\"></span>mm<span class=\"_ _1\"></span>e).<span class=\"_ _383\"> </span></div>",
   "dimensions": {
    "concept": "ifrs-full:DisclosureOfAuditorsRemunerationExplanatory",
    "language": "en",
    "entity": "scheme:213800ZBKL9BHSL2K459",
    "period": "2022-01-01T00:00:00/2023-01-01T00:00:00"
   }
  },
  "fact-563": {
   "value": "<div class=\"t m3 hd ff1 fs7 fc3 sc0 ls11 ws2 gs2d6\"><span class=\"_ _383\">Staff cost</span><span class=\"_ _6\"></span>s comprise the following: </div><div class=\"t m3 h3a ff2 fs5 fc3 sc0 lse ws71 gs2d7\">2022<span class=\"_ _383\"> </span></div><div class=\"t m3 h3a ff2 fs5 fc3 sc0 lse ws71 gs2d8\">\u00a3m<span class=\"_ _383\"> </span></div><div class=\"t m3 h8 ff1 fs5 fc3 sc0 lse ws71 gs2d9\">2021<span class=\"_ _383\"> </span></div><div class=\"t m3 h8 ff1 fs5 fc3 sc0 lse ws71 gs2da\">\u00a3m<span class=\"_ _383\"> </span></div><div class=\"t m3 hd ff1 fs7 fc3 sc0 ls11 ws2 gs2db\">Salaries, incentiv<span class=\"_ _8\"></span>e pay and other bene\ufb01ts<span class=\"_ _23d\"> </span><span class=\"ff2 lsc4 wsc3\">8<span class=\"_ _2\"></span>7.<span class=\"_ _0\"> </span>3<span class=\"_ _37\"> </span></span><span class=\"ls2\">72.<span class=\"_ _8\"></span>9 </span></div><div class=\"t m3 hd ff1 fs7 fc3 sc0 ls11 ws2 gs2dc\">Share-based payment<span class=\"_ _6\"></span>s<span class=\"_ _222\"> </span><span class=\"ff2 lsc3 wsc2\">8<span class=\"_ _2\"></span>.1<span class=\"_ _5f\"> </span></span><span class=\"lse3 wse7\">6.7 </span></div><div class=\"t m3 hd ff1 fs7 fc3 sc0 ls11 ws2 gs2dd\">Social security costs<span class=\"_ _23e\"> </span><span class=\"ff2 lsc6 wsc5\">9.<span class=\"_ _1\"></span>5<span class=\"_ _23f\"> </span></span><span class=\"lsc8 wsc8\">7.<span class=\"_ _2\"></span>7<span class=\"_ _0\"> </span> </span></div><div class=\"t m3 hd ff1 fs7 fc3 sc0 ls11 ws2 gs2de\">Other pension costs<span class=\"_ _240\"> </span><span class=\"ff2 ls81 wsdf\">4.4<span class=\"_ _e5\"> </span></span><span class=\"ls7a wsa1\">5.2 </span></div><div class=\"t m3 hd ff1 fs7 fc3 sc0 ls2 ws2 gs2df\"> <span class=\"_ _241\"> </span><span class=\"ff2 lsc6 wsc5\">1<span class=\"_ _1\"></span>0<span class=\"_ _2\"></span>9.<span class=\"_ _2\"></span>3<span class=\"_ _4f\"> </span></span><span class=\"ls14 ws11\">92.5<span class=\"_ _383\"> </span></span></div>47<span class=\"_ _9\"></span><span class=\"_ _383\">.\u2002P</span><span class=\"_ _1\"></span>ensi<span class=\"_ _1\"></span>on sc<span class=\"_ _1\"></span>hem<span class=\"_ _1\"></span>e<span class=\"_ _383\"> </span>De\ufb01<span class=\"_ _1\"></span>ne<span class=\"_ _1\"></span>d cont<span class=\"_ _1\"></span>ributi<span class=\"_ _1\"></span>on sc<span class=\"_ _1\"></span>hem<span class=\"_ _1\"></span>e<span class=\"_ _383\"> </span>The amount char<span class=\"_ _6\"></span>ged to pro\ufb01t or loss in r<span class=\"_ _6\"></span>espect of contributions to the Gr<span class=\"_ _6\"></span>oup<span class=\"_ _6\"></span>\u2019<span class=\"_ _8\"></span>s de\ufb01ned contribution and stak<span class=\"_ _8\"></span>eholder pension arrangemen<span class=\"_ _6\"></span>ts is the contribution payable in the period. The total pension cos<span class=\"_ _6\"></span>t in the year amounted to \u00a34<span class=\"_ _8\"></span>.<span class=\"_ _8\"></span>4m (2021: \u00a35<span class=\"_ _6\"></span>.2m).<span class=\"_ _383\"> </span>",
   "dimensions": {
    "concept": "ifrs-full:DisclosureOfEmployeeBenefitsExplanatory",
    "language": "en",
    "entity": "scheme:213800ZBKL9BHSL2K459",
    "period": "2022-01-01T00:00:00/2023-01-01T00:00:00"
   }
  },
  "fact-564": {
   "value": "<div class=\"t m3 hd ff1 fs7 fc3 sc0 ls11 ws2 gs2e1\">The aver<span class=\"_ _6\"></span>age number of people employed by the Group (including Ex<span class=\"_ _6\"></span>ecutive Director<span class=\"_ _6\"></span>s) during the year is analysed belo<span class=\"_ _6\"></span>w<span class=\"_ _6\"></span>.</div><div class=\"t m3 h8 ff1 fs5 fc3 sc0 ls2 ws2 gs2e2\"> <span class=\"_ _61\"> </span><span class=\"ff2 lse ws71\">2022<span class=\"_ _1b4\"> </span><span class=\"ff1\">2021<span class=\"_ _383\"> </span></span></span></div><div class=\"t m3 hd ff1 fs7 fc3 sc0 ls11 ws6e gs2e3\">UK<span class=\"_ _242\"> </span><span class=\"ff2 lse3 wse7\">1,27<span class=\"_ _1\"></span>4<span class=\"_ _18d\"> </span></span><span class=\"ls9f wsbc\">1,<span class=\"_ _1\"></span>220<span class=\"_ _383\"> </span></span></div><div class=\"t m3 hd ff1 fs7 fc3 sc0 ls11 ws6e gs2e4\">India<span class=\"_ _243\"> </span><span class=\"ff2 ls12 wsf\">622<span class=\"_ _1b4\"> </span></span><span class=\"ls1f ws1c\">535</span></div><div class=\"t m3 hd ff1 fs7 fc3 sc0 ls2 ws2 gs2e5\"> <span class=\"_ _241\"> </span><span class=\"ff2 ls79 wse8\">1,896<span class=\"_ _3b\"> </span></span><span class=\"ls9f wsbc\">1,755<span class=\"_ _383\"> </span></span></div>",
   "dimensions": {
    "concept": "ifrs-full:DisclosureOfInformationAboutEmployeesExplanatory",
    "language": "en",
    "entity": "scheme:213800ZBKL9BHSL2K459",
    "period": "2022-01-01T00:00:00/2023-01-01T00:00:00"
   }
  },
  "fact-565": {
   "value": "9.\u2002Impairment of intangible assets Assets arising on the Combination with CCFS in 2019 included a broker relationships intangible asset with a fair value of \u00a317.1m on Combination. During 2020 an impairment of \u00a37.0m was recognised arising from changes to CCFS anticipated lending volumes over three years post combination, which are a key input to the calculation of the fair value, and which were revised due to COVID-19 impacts. During 2021 an impairment assessment was performed and as actual lending volumes were higher than anticipated the Group has recognised an impairment reversal of \u00a33.1m. The remaining carrying value of the broker relationships intangible asset at 31 December 2022 is \u00a32.0m (2021: \u00a35.0m) 12.\u2002Integration costs 2022 \u00a3m 2021 \u00a3m Consultant fees 4.9 2.2 Staff costs 3.0 2.2 Impairment \u2013 0.6  7.9 5.0 Consultant fees relate to advice on the Group\u2019s future operating structure. Staff costs relate to personnel who will leave or have left the Group through the transition of operations to the new operating model. Impairment relates to a property sold during 2021. 24.\u2002Impairment of \ufb01nancial assets The charge/(credit) for impairment of \ufb01nancial assets in the Consolidated Statement of Comprehensive Income comprises: 2022 \u00a3m 2021 \u00a3m Write-offs in year 2.1 6.7 Increase/(decrease) in ECL provision 27.7 (11.1)  29.8 (4.4) ",
   "dimensions": {
    "concept": "ifrs-full:DisclosureOfImpairmentOfAssetsExplanatory",
    "language": "en",
    "entity": "scheme:213800ZBKL9BHSL2K459",
    "period": "2022-01-01T00:00:00/2023-01-01T00:00:00"
   }
  },
  "fact-511": {
   "value": "<div class=\"t m3 hc ff2 fs7 fc2 sc0 ls2f ws2c gs2e7\">10.<span class=\"_ _6\"></span><span class=\"_ _383\">\u2002Directo</span><span class=\"_ _6\"></span>rs\u2019 emolu<span class=\"_ _6\"></span>ments a<span class=\"_ _6\"></span>nd trans<span class=\"_ _6\"></span>actions<span class=\"_ _383\"> </span></div><div class=\"t m3 h3a ff2 fs5 fc3 sc0 lse ws71 gs2e8\">2022<span class=\"_ _383\"> </span></div><div class=\"t m3 h3a ff2 fs5 fc3 sc0 lse ws71 gs2e9\">\u00a3\u2019000<span class=\"_ _383\"> </span></div><div class=\"t m3 h8 ff1 fs5 fc3 sc0 lse ws71 gs2ea\">2021<span class=\"_ _383\"> </span></div><div class=\"t m3 h8 ff1 fs5 fc3 sc0 lse ws71 gs2eb\">\u00a3\u2019000<span class=\"_ _383\"> </span></div><div class=\"t m3 hd ff1 fs7 fc3 sc0 ls11 ws2 gs2ec\">Short-term employee bene\ufb01ts<span class=\"_ _383\"> </span></div><div class=\"t m3 h1f ff1 fsf fc3 sc0 ls2 ws2 gs2ed\">1<span class=\"_ _383\"> </span></div><div class=\"t m3 hd ff2 fs7 fc3 sc0 ls14 ws11 gs2ee\">3,<span class=\"_ _1\"></span>213<span class=\"_ _a9\"> </span><span class=\"ff1 ls2 ws2\">2,825 </span></div><div class=\"t m3 hd ff1 fs7 fc3 sc0 ls11 ws2 gs2ef\">Post-employment bene<span class=\"_ _6\"></span>\ufb01ts<span class=\"_ _244\"> </span><span class=\"ff2 lse3 wse7\">109<span class=\"_ _1c2\"> </span></span><span class=\"ls6f ws75\">106 </span></div><div class=\"t m3 hd ff1 fs7 fc3 sc0 ls11 ws2 gs2f0\">Share-based payment<span class=\"_ _6\"></span>s<span class=\"_ _383\"> </span></div><div class=\"t m3 h1f ff1 fsf fc3 sc0 ls2 ws2 gs2f1\">2<span class=\"_ _383\"> </span></div><div class=\"t m3 hd ff2 fs7 fc3 sc0 ls7a wsa1 gs2f2\">2,<span class=\"_ _1\"></span>291<span class=\"_ _e8\"> </span><span class=\"ff1 ls78 ws109\">1<span class=\"_ _1\"></span>,<span class=\"_ _2\"></span>267</span></div><div class=\"t m3 hd ff1 fs7 fc3 sc0 ls2 ws2 gs2f3\"> <span class=\"_ _241\"> </span><span class=\"ff2\">5,6<span class=\"_ _6\"></span>13<span class=\"_ _3b\"> </span><span class=\"ff1 ls89 wscc\">4<span class=\"_ _1\"></span>,1<span class=\"_ _1\"></span>9<span class=\"_ _1\"></span>8<span class=\"_ _1\"></span> </span></span></div><div class=\"t m3 h8 ff1 fs5 fc3 sc0 ls16a wsb2 gs2f4\">1.<span class=\"_ _6\"></span> <span class=\"_ _41\"> </span> <span class=\"_ _7\"></span>Short<span class=\"_ _6\"></span>-t<span class=\"_ _6\"></span>erm employee<span class=\"_ _6\"></span> bene\ufb01ts com<span class=\"_ _6\"></span>prise Dir<span class=\"_ _6\"></span>ectors\u2019<span class=\"_ _6\"></span> salary costs<span class=\"_ _6\"></span>, Non-Ex<span class=\"_ _6\"></span>ecutive<span class=\"_ _6\"></span> Directors\u2019<span class=\"_ _6\"></span> fees and<span class=\"_ _6\"></span> other<span class=\"_ _6\"></span> short<span class=\"_ _6\"></span>-t<span class=\"_ _6\"></span>erm incen<span class=\"_ _6\"></span>tive<span class=\"_ _6\"></span> bene\ufb01ts, whi<span class=\"_ _6\"></span>ch are<span class=\"_ _6\"></span> disclosed i<span class=\"_ _6\"></span>n the<span class=\"_ _6\"></span> Annual<span class=\"_ _6\"></span> </div><div class=\"t m3 h8 ff1 fs5 fc3 sc0 ls16a wsb2 gs2f5\">Report on R<span class=\"_ _6\"></span>emunerati<span class=\"_ _6\"></span>on. </div><div class=\"t m3 h8 ff1 fs5 fc3 sc0 ls2 ws2 gs2f6\">2. <span class=\"_ _34\"> </span>Sh<span class=\"_ _1\"></span>ar<span class=\"_ _1\"></span>e-<span class=\"_ _1\"></span>ba<span class=\"_ _1\"></span>se<span class=\"_ _1\"></span>d p<span class=\"_ _1\"></span>aym<span class=\"_ _1\"></span>en<span class=\"_ _1\"></span>ts r<span class=\"_ _1\"></span>ep<span class=\"_ _1\"></span>re<span class=\"_ _1\"></span>se<span class=\"_ _1\"></span>nt th<span class=\"_ _1\"></span>e am<span class=\"_ _1\"></span>ou<span class=\"_ _1\"></span>nts r<span class=\"_ _1\"></span>ec<span class=\"_ _1\"></span>ei<span class=\"_ _1\"></span>ve<span class=\"_ _1\"></span>d by D<span class=\"_ _1\"></span>ir<span class=\"_ _1\"></span>ec<span class=\"_ _1\"></span>to<span class=\"_ _1\"></span>rs fo<span class=\"_ _1\"></span>r s<span class=\"_ _1\"></span>ch<span class=\"_ _1\"></span>em<span class=\"_ _1\"></span>es t<span class=\"_ _1\"></span>hat v<span class=\"_ _1\"></span>es<span class=\"_ _1\"></span>te<span class=\"_ _1\"></span>d dur<span class=\"_ _1\"></span>in<span class=\"_ _1\"></span>g the y<span class=\"_ _1\"></span>e<span class=\"_ _1\"></span>ar. </div><div class=\"t m3 hd ff1 fs7 fc3 sc0 ls11 ws2 gs2f7\">In addition to the total Dir<span class=\"_ _6\"></span>ectors<span class=\"_ _8\"></span>\u2019 emoluments abo<span class=\"_ _6\"></span>ve<span class=\"_ _6\"></span>, the Executive Dir<span class=\"_ _6\"></span>ectors w<span class=\"_ _6\"></span>ere gr<span class=\"_ _6\"></span>anted def<span class=\"_ _6\"></span>erred bonuses of \u00a3<span class=\"_ _6\"></span>642k (2<span class=\"_ _6\"></span>021: \u00a3633k) in the form </div><div class=\"t m3 hd ff1 fs7 fc3 sc0 ls11 ws2 gs2f8\">of shares<span class=\"_ _6\"></span>. DSBP aw<span class=\"_ _8\"></span>ards grante<span class=\"_ _6\"></span>d from April 2021 hav<span class=\"_ _6\"></span>e a holding period of three to se<span class=\"_ _8\"></span>ven years with no further conditions attached other than </div><div class=\"t m3 hd ff1 fs7 fc3 sc0 ls11 ws2 gs2f9\">standar<span class=\"_ _6\"></span>d clawback situations. In Mar<span class=\"_ _6\"></span>ch 202<span class=\"_ _6\"></span>0 and prior years<span class=\"_ _6\"></span>, the DSBP aw<span class=\"_ _6\"></span>ards w<span class=\"_ _6\"></span>ere subject to either a thr<span class=\"_ _6\"></span>ee or \ufb01ve year ves<span class=\"_ _6\"></span>ting period with </div><div class=\"t m3 hd ff1 fs7 fc3 sc0 ls11 ws2 gs2fa\">conditions attached, notably if the Director le<span class=\"_ _6\"></span>aves prior to v<span class=\"_ _6\"></span>esting, the aw<span class=\"_ _6\"></span>ard is f<span class=\"_ _6\"></span>orfeited unless a good leaver r<span class=\"_ _6\"></span>eason applies such as redundancy, </div><div class=\"t m3 hd ff1 fs7 fc3 sc0 ls11 ws2 gs2fb\">retir<span class=\"_ _6\"></span>ement or ill-health.<span class=\"_ _383\"> </span></div><div class=\"t m3 hd ff1 fs7 fc3 sc0 ls11 ws2 gs2fc\">The Executive Dir<span class=\"_ _6\"></span>ectors r<span class=\"_ _6\"></span>eceived a further share awar<span class=\"_ _8\"></span>d under the Per<span class=\"_ _1\"></span>formance Share Plan (PSP) with a gr<span class=\"_ _6\"></span>ant date fair v<span class=\"_ _6\"></span>alue of \u00a31,5<span class=\"_ _6\"></span>16k <span class=\"ls2\"> </span></div><div class=\"t m3 hd ff1 fs7 fc3 sc0 ls11 ws2 gs2fd\">(2021: \u00a31,<span class=\"_ _1f6\"></span>458k) using a share price of \u00a35<span class=\"_ _6\"></span>.58 (<span class=\"_ _6\"></span>2021: \u00a34<span class=\"_ _8\"></span>.<span class=\"_ _8\"></span>94) (the mid-mark<span class=\"_ _6\"></span>et quotation on the day pr<span class=\"_ _6\"></span>eceding the date of gran<span class=\"_ _6\"></span>t). These shares <span class=\"ls2\"> </span></div><div class=\"t m3 hd ff1 fs7 fc3 sc0 ls11 ws2 gs2fe\">ves<span class=\"_ _6\"></span>t annually from year three in tr<span class=\"_ _6\"></span>anches of 20 per cen<span class=\"_ _6\"></span>t, subject to performance conditions discussed in note 11 and the Annual Report <span class=\"ls2\"> </span></div><div class=\"t m3 hd ff1 fs7 fc3 sc0 ls11 ws2 gs2ff\">on Remuneration. </div><div class=\"t m3 hd ff1 fs7 fc3 sc0 ls11 ws2 gs300\">The Director<span class=\"_ _6\"></span>s of the Company are employed and compensated by OneSavings Bank plc<span class=\"_ _6\"></span>. </div><div class=\"t m3 hd ff1 fs7 fc3 sc0 ls11 ws2 gs301\">No compensation was paid for loss o<span class=\"_ _6\"></span><span class=\"_ _383\">f office during 2022 and 2021.<span class=\"_ _383\"> </span></span></div><div class=\"t m3 hd ff1 fs7 fc3 sc0 ls11 ws2 gs302\">There w<span class=\"_ _6\"></span>ere no outs<span class=\"_ _6\"></span>tanding loans gran<span class=\"_ _6\"></span>ted in the ordinary cour<span class=\"_ _6\"></span>se of business to Director<span class=\"_ _6\"></span>s and their connected persons as at 31 December 2022 <span class=\"ls2\"> </span></div><div class=\"t m3 hd ff1 fs7 fc3 sc0 ls11 ws2 gs303\">and 2021.<span class=\"_ _383\"> </span></div><div class=\"t m3 hd ff1 fs7 fc3 sc0 ls11 ws2 gs304\">The Annual Report on Remuneration and not<span class=\"_ _6\"></span>e 11 Share-based payments pr<span class=\"_ _6\"></span>ovide further details on Direct<span class=\"_ _6\"></span>ors<span class=\"_ _8\"></span>\u2019 emoluments<span class=\"_ _6\"></span>.<span class=\"_ _383\"> </span></div><span class=\"_ _383\">53.\u2002T</span><span class=\"_ _6\"></span>rans<span class=\"_ _1\"></span>act<span class=\"_ _1\"></span>ion<span class=\"_ _1\"></span>s with key man<span class=\"_ _1\"></span>age<span class=\"_ _1\"></span>me<span class=\"_ _1\"></span>nt pe<span class=\"_ _1\"></span>rso<span class=\"_ _1\"></span>nnel<span class=\"_ _383\"> </span>All related party transactions w<span class=\"_ _8\"></span>ere made on terms equivalent to those that pr<span class=\"_ _6\"></span>evail in arm<span class=\"_ _8\"></span>\u2019<span class=\"_ _8\"></span>s length transactions. During the year<span class=\"_ _1f6\"></span>, there wer<span class=\"_ _6\"></span>e no related party transactions be<span class=\"_ _6\"></span>tween the k<span class=\"_ _8\"></span>ey management personnel and the Group other than as described belo<span class=\"_ _6\"></span>w<span class=\"_ _8\"></span>.<span class=\"_ _383\"> </span>The Director<span class=\"_ _6\"></span>s and Group Executiv<span class=\"_ _6\"></span>e team are considere<span class=\"_ _6\"></span>d to be k<span class=\"_ _6\"></span>ey management per<span class=\"_ _6\"></span>sonnel.<span class=\"_ _383\"> </span>Director<span class=\"_ _6\"></span>s<span class=\"_ _8\"></span>\u2019 remuneration is disclosed in note 10 and in the Dir<span class=\"_ _6\"></span>ectors<span class=\"_ _8\"></span>\u2019 Remuneration R<span class=\"_ _6\"></span>eport on page 142. The Group Executiv<span class=\"_ _6\"></span>e team are all employees of OSB<span class=\"_ _6\"></span>, the table below sho<span class=\"_ _6\"></span>ws their aggre<span class=\"_ _6\"></span>gate remuner<span class=\"_ _6\"></span>ation:<span class=\"_ _383\"> </span>2022<span class=\"_ _383\"> </span>\u00a3\u2019000<span class=\"_ _383\"> </span>2021<span class=\"_ _383\"> </span>\u00a3\u2019000<span class=\"_ _383\"> </span>Short-term employee bene\ufb01ts<span class=\"_ _35f\"> </span><span class=\"ff2 ls24 ws21\">4,<span class=\"_ _6\"></span>000<span class=\"_ _3d\"> </span><span class=\"ff1 ls89 wscc\">5<span class=\"_ _2\"></span>,1<span class=\"_ _1\"></span>4<span class=\"_ _1\"></span>4<span class=\"_ _1\"></span> </span></span>Post-employment bene<span class=\"_ _6\"></span>\ufb01ts<span class=\"_ _22a\"> </span><span class=\"ff2 ls12 wsf\">62<span class=\"_ _23f\"> </span></span><span class=\"ls6f ws75\">44 </span>Share-based payment<span class=\"_ _6\"></span>s<span class=\"_ _34f\"> </span><span class=\"ff2 lse5 wsea\">2<span class=\"_ _2\"></span>,6<span class=\"_ _1\"></span>67<span class=\"_ _5c\"> </span></span><span class=\"lsd7 wsd7\">2<span class=\"_ _1\"></span>,41<span class=\"_ _1\"></span>4</span> <span class=\"_ _22d\"> </span><span class=\"ff2 ls33 ws30\">6,72<span class=\"_ _1\"></span>9<span class=\"_ _18d\"> </span></span>7<span class=\"_ _1f6\"></span>,602 K<span class=\"_ _6\"></span>ey management personnel and connected per<span class=\"_ _6\"></span>sons held deposits with the Group of \u00a32.<span class=\"_ _8\"></span>1m (2021: \u00a3<span class=\"_ _6\"></span>0.<span class=\"_ _9\"></span>9m)<span class=\"_ _383\"> </span>",
   "dimensions": {
    "concept": "ifrs-full:DisclosureOfInformationAboutKeyManagementPersonnelExplanatory",
    "language": "en",
    "entity": "scheme:213800ZBKL9BHSL2K459",
    "period": "2022-01-01T00:00:00/2023-01-01T00:00:00"
   }
  },
  "fact-566": {
   "value": "<span class=\"_ _383\">11.\u2002Share</span><span class=\"_ _1\"></span>-b<span class=\"_ _1\"></span>as<span class=\"_ _1\"></span>ed p<span class=\"_ _1\"></span>ayme<span class=\"_ _1\"></span>nts<span class=\"_ _383\"> </span>The Group oper<span class=\"_ _6\"></span>ates the follo<span class=\"_ _6\"></span>wing share-based schemes:<span class=\"_ _383\"> </span>Sharesave Scheme<span class=\"_ _383\"> </span>The Save As Y<span class=\"_ _1f6\"></span>ou Earn (SA<span class=\"_ _8\"></span>YE) or Sharesave Scheme is a share option scheme which is av<span class=\"_ _6\"></span>ailable to all UK<span class=\"_ _6\"></span>-based employees. The Sharesav<span class=\"_ _8\"></span>e S<span class=\"_ _1\"></span>cheme allows employees to pur<span class=\"_ _6\"></span>chase options by saving a \ufb01xed amoun<span class=\"_ _6\"></span>t of betw<span class=\"_ _6\"></span>een \u00a310 and \u00a3500 per month over a period o<span class=\"_ _6\"></span>f three years at the end of which the options<span class=\"_ _6\"></span>, subject to leaver pr<span class=\"_ _6\"></span>ovisions<span class=\"_ _6\"></span>, are usually e<span class=\"_ _6\"></span>xercisable<span class=\"_ _6\"></span>. If not ex<span class=\"_ _6\"></span>ercised, the amount sav<span class=\"_ _6\"></span>ed is returne<span class=\"_ _6\"></span>d to the employee. The Sharesav<span class=\"_ _6\"></span>e Scheme has been in operation since 2014 and an invit<span class=\"_ _6\"></span>ation to join the scheme is usually extended annually, with the option price calculated using the mid-mark<span class=\"_ _8\"></span>et price of an OSBG ordinary shar<span class=\"_ _6\"></span>e ov<span class=\"_ _6\"></span>er the three dealing days prior to the In<span class=\"_ _6\"></span>vitation Date and applying a discount of 20%.<span class=\"_ _383\"> </span>Def<span class=\"_ _1\"></span>err<span class=\"_ _1\"></span>ed S<span class=\"_ _1\"></span>hare B<span class=\"_ _1\"></span>onu<span class=\"_ _1\"></span>s Plan The DSBP applies to Ex<span class=\"_ _6\"></span>ecutive Direct<span class=\"_ _6\"></span>ors and certain senior managers with 50% of their performance bonuses to be def<span class=\"_ _6\"></span>erred in shares f<span class=\"_ _6\"></span>or three to sev<span class=\"_ _6\"></span>en years f<span class=\"_ _6\"></span>or Executive Dir<span class=\"_ _6\"></span>ectors and one year for senior manager<span class=\"_ _6\"></span>s. Ther<span class=\"_ _6\"></span>e are no further performance or vesting conditions attache<span class=\"_ _6\"></span>d to deferr<span class=\"_ _6\"></span>ed awar<span class=\"_ _6\"></span>ds for senior managers<span class=\"_ _8\"></span>, which also applies to Executive Director<span class=\"_ _6\"></span>s for aw<span class=\"_ _6\"></span>ards gr<span class=\"_ _6\"></span>anted fr<span class=\"_ _6\"></span>om April 2021; the share a<span class=\"_ _6\"></span>war<span class=\"_ _6\"></span>ds are subject to clawback pro<span class=\"_ _6\"></span>visions. The D<span class=\"_ _6\"></span>SBP awar<span class=\"_ _8\"></span>ds are expensed in the year services are received with a corresponding incr<span class=\"_ _6\"></span>ease in equity. Aw<span class=\"_ _8\"></span>ards grante<span class=\"_ _6\"></span>d to Executiv<span class=\"_ _6\"></span>e Directors in Mar<span class=\"_ _6\"></span>ch 202<span class=\"_ _6\"></span>0 and prior<span class=\"_ _8\"></span>, are subject to ves<span class=\"_ _6\"></span>ting conditions and are expensed o<span class=\"_ _6\"></span>ver the v<span class=\"_ _6\"></span>esting period. DSBP aw<span class=\"_ _6\"></span>ards f<span class=\"_ _6\"></span>or senior managers carry entitlemen<span class=\"_ _6\"></span>ts to dividend equivalen<span class=\"_ _6\"></span>ts, which ar<span class=\"_ _6\"></span>e paid when the awar<span class=\"_ _6\"></span>ds ves<span class=\"_ _6\"></span>t. DSBP aw<span class=\"_ _6\"></span>ards gr<span class=\"_ _6\"></span>anted fr<span class=\"_ _6\"></span>om April 2021 to Ex<span class=\"_ _6\"></span>ecutive Director<span class=\"_ _6\"></span>s are en<span class=\"_ _6\"></span>titled to dividend equivalent<span class=\"_ _6\"></span>s; awar<span class=\"_ _6\"></span>ds gran<span class=\"_ _6\"></span>ted in prior years w<span class=\"_ _6\"></span>ere not en<span class=\"_ _6\"></span>titled to dividend equivalen<span class=\"_ _6\"></span>ts. Performance Share Plan<span class=\"_ _6\"></span> Executive Dir<span class=\"_ _6\"></span>ectors and certain senior managers ar<span class=\"_ _6\"></span>e also eligible for a PSP awar<span class=\"_ _8\"></span>d based on per<span class=\"_ _1\"></span>formance conditions which ves<span class=\"_ _6\"></span>t in tranches o<span class=\"_ _6\"></span>ver three to se<span class=\"_ _6\"></span>ven years<span class=\"_ _8\"></span>.<span class=\"_ _1\"></span> The performance conditions that apply to PSP awar<span class=\"_ _6\"></span>ds from 2<span class=\"_ _6\"></span>020 are based on a combination of e<span class=\"_ _6\"></span>arnings per share (EPS) weigh<span class=\"_ _6\"></span>ting of 35%, total shareholder r<span class=\"_ _6\"></span>eturn (<span class=\"_ _1\"></span>TSR) 35%, risk<span class=\"_ _8\"></span>-based 15% and return on equity (ROE) 15%. Prior to 202<span class=\"_ _6\"></span>0, PSP a<span class=\"_ _6\"></span>war<span class=\"_ _6\"></span>ds wer<span class=\"_ _6\"></span>e based on a combination of EPS weigh<span class=\"_ _6\"></span>ting of 40%, TSR 40% and ROE 2<span class=\"_ _6\"></span>0%. The PSP conditions are assessed independently. The EPS elemen<span class=\"_ _6\"></span>t assesses the compound annual gro<span class=\"_ _6\"></span>wth rate o<span class=\"_ _6\"></span>ver the performance period, that is<span class=\"_ _6\"></span>, the annualised gro<span class=\"_ _6\"></span>wth from a base year 0 to \ufb01nal year 3<span class=\"_ _8\"></span>. For example, the 2<span class=\"_ _6\"></span>022 Aw<span class=\"_ _6\"></span>ard will measure the EPS gro<span class=\"_ _8\"></span>wth from 1 January 2021 to 31 December 2024<span class=\"_ _8\"></span>. For the TSR element, the Company\u2019<span class=\"_ _1f6\"></span>s ordinary shares r<span class=\"_ _6\"></span>elative performance is measured agains<span class=\"_ _6\"></span>t the FTSE 250 (<span class=\"_ _6\"></span>excluding in<span class=\"_ _8\"></span>vestment trus<span class=\"_ _6\"></span>ts). The risk<span class=\"_ _6\"></span>-based measure is assessed agains<span class=\"_ _6\"></span>t the risk management performance with regar<span class=\"_ _6\"></span>d to all rele<span class=\"_ _6\"></span>vant risk<span class=\"_ _8\"></span>s including, but not limited to, an assessment o<span class=\"_ _6\"></span>f regulatory risk<span class=\"_ _6\"></span>, operational risk<span class=\"_ _6\"></span>, conduct risk, liquidity risk, funding risk<span class=\"_ _6\"></span>, mark<span class=\"_ _6\"></span>et risk and credit risk<span class=\"_ _6\"></span>. For the ROE element, gro<span class=\"_ _8\"></span>wth rates are assessed agains<span class=\"_ _6\"></span>t the Group<span class=\"_ _8\"></span>\u2019<span class=\"_ _6\"></span>s underlying pro\ufb01t after tax<span class=\"_ _6\"></span>ation as a percentage o<span class=\"_ _6\"></span>f aver<span class=\"_ _6\"></span>age shareholders<span class=\"_ _1f6\"></span>\u2019 equity.<span class=\"_ _383\"> </span>The share-based e<span class=\"_ _6\"></span>xpense for the year includes a charge in r<span class=\"_ _6\"></span>espect of the Sharesav<span class=\"_ _6\"></span>e Scheme, D<span class=\"_ _6\"></span>SBP and PSP<span class=\"_ _8\"></span>. All charges are included in employee expenses within note 8 A<span class=\"_ _6\"></span>dministrativ<span class=\"_ _8\"></span><span class=\"_ _383\">e expenses.\u2003</span>The share-based payment e<span class=\"_ _6\"></span>xpense during the year comprised the follo<span class=\"_ _6\"></span>wing: 2022<span class=\"_ _383\"> </span>\u00a3m<span class=\"_ _383\"> </span>2021<span class=\"_ _383\"> </span>\u00a3m<span class=\"_ _383\"> </span>Sharesav<span class=\"_ _6\"></span>e Scheme<span class=\"_ _245\"> </span><span class=\"ff2 ws6e\">0.6<span class=\"_ _e5\"> </span></span><span class=\"ls9f wsbc\">0.7<span class=\"_ _383\"> </span></span>Deferred Shar<span class=\"_ _6\"></span>e Bonus Plan<span class=\"_ _246\"> </span><span class=\"ff2 ws6e\">4.2<span class=\"_ _e5\"> </span></span><span class=\"lsd3 ws86\">3.8<span class=\"_ _383\"> </span></span>Performance Share Plan<span class=\"_ _221\"> </span><span class=\"ff2 ls2c ws29\">3.3<span class=\"_ _15e\"> </span></span><span class=\"ls2\">2.2</span> <span class=\"_ _247\"> </span><span class=\"ff2 lsc3 wsc2\">8<span class=\"_ _1\"></span>.1<span class=\"_ _5f\"> </span></span><span class=\"lse3 wse7\">6<span class=\"_ _1\"></span>.7<span class=\"_ _383\"> </span></span>Mov<span class=\"_ _6\"></span>ements in the number of shar<span class=\"_ _6\"></span>e awar<span class=\"_ _8\"></span>ds and their weighted av<span class=\"_ _6\"></span>erage ex<span class=\"_ _6\"></span>ercise prices are set out belo<span class=\"_ _8\"></span>w:<span class=\"_ _383\"> </span>Sharesave Scheme<span class=\"_ _383\"> </span>Deferred Share Bonus Plan<span class=\"_ _383\"> </span>Performance Share Plan<span class=\"_ _383\"> </span>Number<span class=\"_ _383\"> </span>W<span class=\"_ _8\"></span>eighted average ex<span class=\"_ _6\"></span>ercise price, \u00a3<span class=\"_ _7f\"> </span><span class=\"ws71\">Number<span class=\"_ _7d\"> </span>Number<span class=\"_ _383\"> </span></span>At 1 January 2<span class=\"_ _6\"></span>022<span class=\"_ _248\"> </span><span class=\"ff2 ls22 ws1f\">2<span class=\"_ _1\"></span>,42<span class=\"_ _1\"></span>1<span class=\"_ _1\"></span>,<span class=\"_ _2\"></span>26<span class=\"_ _1\"></span>0<span class=\"_ _93\"> </span><span class=\"lse3 wse7\">2<span class=\"_ _1\"></span>.65<span class=\"_ _40\"> </span><span class=\"lse4 wse9\">7<span class=\"_ _2\"></span>9<span class=\"_ _0\"></span>7,<span class=\"_ _1\"></span>1<span class=\"_ _0\"></span>1<span class=\"_ _2\"></span>6<span class=\"_ _2f\"> </span><span class=\"ls2 ws2\">5,225,080<span class=\"_ _383\"> </span></span></span></span></span>Gran<span class=\"_ _6\"></span>ted<span class=\"_ _249\"> </span><span class=\"ff2 lscd wsce\">596,692<span class=\"_ _93\"> </span></span><span class=\"ff2\">4.2<span class=\"_ _1\"></span>9<span class=\"_ _89\"> </span><span class=\"ls89 wscc\">478<span class=\"_ _2\"></span>,9<span class=\"_ _1\"></span>0<span class=\"_ _1\"></span>1<span class=\"_ _1fe\"> </span><span class=\"lse3 wse7\">1,7<span class=\"_ _8\"></span>61,<span class=\"_ _6\"></span>174<span class=\"_ _383\"> </span></span></span></span>Exer<span class=\"_ _6\"></span>cised/<span class=\"_ _1\"></span>V<span class=\"_ _6\"></span>ested<span class=\"_ _24a\"> </span><span class=\"ff2 lsa wse4\">(62<span class=\"_ _1\"></span>4<span class=\"_ _1\"></span>,<span class=\"_ _1\"></span>6<span class=\"_ _1\"></span>6<span class=\"_ _1\"></span>4)<span class=\"_ _3d\"> </span><span class=\"lse5 wsea\">2<span class=\"_ _2\"></span>.67<span class=\"_ _aa\"> </span></span>(<span class=\"_ _1\"></span>5<span class=\"_ _1\"></span>11<span class=\"_ _1\"></span>,<span class=\"_ _1\"></span>0<span class=\"_ _1\"></span>3<span class=\"_ _1\"></span>4)<span class=\"_ _2f\"> </span><span class=\"ls14 ws11\">(1,181,<span class=\"_ _6\"></span>949)<span class=\"_ _383\"> </span></span></span>Forfeited<span class=\"_ _24b\"> </span><span class=\"ff2 ls14 ws11\">(245,316)<span class=\"_ _5a\"> </span><span class=\"ls7d wse2\">2.<span class=\"_ _1\"></span>82<span class=\"_ _83\"> </span><span class=\"ls1e ws43\">(1,5<span class=\"_ _1\"></span>93)<span class=\"_ _3a\"> </span><span class=\"lse0 wse0\">(<span class=\"_ _1\"></span>41<span class=\"_ _1\"></span>3<span class=\"_ _1\"></span>,<span class=\"_ _1\"></span>0<span class=\"_ _1\"></span>3<span class=\"_ _1\"></span>6)<span class=\"_ _383\"> </span></span></span></span></span>At 31 December 2022<span class=\"_ _24c\"> </span><span class=\"lse4 wse9\">2<span class=\"_ _0\"></span>,<span class=\"_ _1\"></span>1<span class=\"_ _0\"></span>4<span class=\"_ _2\"></span>7,<span class=\"_ _2\"></span>9<span class=\"_ _2\"></span>7<span class=\"_ _2\"></span>2<span class=\"_ _9d\"> </span><span class=\"ls2c ws29\">3.08<span class=\"_ _aa\"> </span><span class=\"lsf9 ws82\">7<span class=\"_ _6\"></span>63,390<span class=\"_ _24d\"> </span><span class=\"lse3 wse7\">5,391,<span class=\"_ _1\"></span>269<span class=\"_ _383\"> </span></span></span></span></span>Exer<span class=\"_ _6\"></span>cisable at:<span class=\"_ _24e\"> </span><span class=\"ff2 ls2\"> <span class=\"_ _11a\"> </span> <span class=\"_ _11a\"> </span> <span class=\"_ _21a\"> </span> </span>31 Dec<span class=\"_ _1\"></span>ember 2022<span class=\"_ _24f\"> </span><span class=\"ls2\">35,015<span class=\"_ _59\"> </span><span class=\"lsd3 ws86\">2.85<span class=\"_ _116\"> </span></span>\u2013<span class=\"_ _1cc\"> </span>\u2013<span class=\"_ _383\"> </span></span>t 1 January 2<span class=\"_ _6\"></span>021<span class=\"_ _251\"> </span><span class=\"ls79 wse8\">2,7<span class=\"_ _1\"></span>45,3<span class=\"_ _1\"></span>32<span class=\"_ _55\"> </span><span class=\"ls6f ws75\">2.53<span class=\"_ _a5\"> </span><span class=\"lsf8 wsfd\">1<span class=\"_ _2\"></span>,1<span class=\"_ _2\"></span>1<span class=\"_ _2\"></span>9,<span class=\"_ _1\"></span>7<span class=\"_ _0\"></span>5<span class=\"_ _1\"></span>7<span class=\"_ _36\"> </span><span class=\"lsc5 wsc4\">4<span class=\"_ _1\"></span>,9<span class=\"_ _2\"></span>8<span class=\"_ _1\"></span>6<span class=\"_ _1\"></span>,<span class=\"_ _2\"></span>52<span class=\"_ _2\"></span>7<span class=\"_ _383\"> </span></span></span></span></span>Gran<span class=\"_ _6\"></span>ted<span class=\"_ _23d\"> </span><span class=\"lsc9 wsc9\">3<span class=\"_ _1\"></span>39<span class=\"_ _6\"></span>,097<span class=\"_ _4f\"> </span><span class=\"ls86 wsf1\">3<span class=\"_ _2\"></span>.9<span class=\"_ _1\"></span>6<span class=\"_ _6c\"> </span><span class=\"lsd4 ws46\">363,624<span class=\"_ _6e\"> </span><span class=\"lsc7 ws7f\">1<span class=\"_ _1\"></span>,4<span class=\"_ _8\"></span>7<span class=\"_ _2\"></span>7<span class=\"_ _8\"></span>,111<span class=\"_ _383\"> </span></span></span></span></span>Exer<span class=\"_ _6\"></span>cised/<span class=\"_ _1\"></span>V<span class=\"_ _6\"></span>ested<span class=\"_ _252\"> </span><span class=\"ls88 wse3\">(270,<span class=\"_ _1\"></span>709<span class=\"_ _1\"></span>)<span class=\"_ _9d\"> </span><span class=\"lsed wsf2\">3<span class=\"_ _1\"></span>.1<span class=\"_ _1\"></span>0<span class=\"_ _aa\"> </span><span class=\"lsd7 wsd7\">(6<span class=\"_ _2\"></span>8<span class=\"_ _1\"></span>3<span class=\"_ _2\"></span>,4<span class=\"_ _1\"></span>5<span class=\"_ _1\"></span>6<span class=\"_ _1\"></span>)<span class=\"_ _fd\"> </span><span class=\"lscd wsce\">(513,927<span class=\"_ _1\"></span>)<span class=\"_ _383\"> </span></span></span></span></span>Forfeited<span class=\"_ _1d0\"> </span><span class=\"ls2 ws2\">(392,<span class=\"_ _6\"></span>460)<span class=\"_ _3b\"> </span><span class=\"ls7a wsa1\">2.63<span class=\"_ _74\"> </span><span class=\"lsc7 ws7f\">(2<span class=\"_ _1\"></span>,<span class=\"_ _1\"></span>8<span class=\"_ _1\"></span>0<span class=\"_ _1\"></span>9)<span class=\"_ _1fe\"> </span><span class=\"ls7d wse2\">(<span class=\"_ _1\"></span>724,631)<span class=\"_ _383\"> </span></span></span></span></span>At 31 December 2021<span class=\"_ _253\"> </span><span class=\"lsd7 wsd7\">2<span class=\"_ _1\"></span>,4<span class=\"_ _1\"></span>2<span class=\"_ _1\"></span>1<span class=\"_ _1\"></span>,<span class=\"_ _2\"></span>2<span class=\"_ _1\"></span>6<span class=\"_ _2\"></span>0<span class=\"_ _55\"> </span><span class=\"ls14 ws11\">2.65<span class=\"_ _94\"> </span><span class=\"lsc8 wsc8\">7<span class=\"_ _0\"></span>9<span class=\"_ _2\"></span>7,<span class=\"_ _2\"></span>1<span class=\"_ _2\"></span>1<span class=\"_ _0\"></span>6<span class=\"_ _b4\"> </span><span class=\"ls7a wsa1\">5,<span class=\"_ _1\"></span>225,080<span class=\"_ _383\"> </span></span></span></span></span>Exer<span class=\"_ _6\"></span>cisable at:<span class=\"_ _24e\"> </span><span class=\"ls2\"> <span class=\"_ _21a\"> </span> <span class=\"_ _11a\"> </span> <span class=\"_ _21a\"> </span> </span>31 December 2021<span class=\"_ _23c\"> </span><span class=\"ls2c ws29\">8,<span class=\"_ _6\"></span>480<span class=\"_ _254\"> </span><span class=\"ls12 wsf\">3.<span class=\"_ _1\"></span>37<span class=\"_ _d9\"> </span><span class=\"ls2 ws2\">\u2013<span class=\"_ _1cc\"> </span>\u2013<span class=\"_ _383\"> </span></span></span></span>For the share-based aw<span class=\"_ _6\"></span>ards gr<span class=\"_ _6\"></span>anted during the year<span class=\"_ _1f6\"></span>, the weighted av<span class=\"_ _8\"></span>erage grant date f<span class=\"_ _6\"></span>air value w<span class=\"_ _6\"></span>as 396 pence (<span class=\"_ _6\"></span>2021: 286 pence). The range of e<span class=\"_ _6\"></span>xer<span class=\"_ _6\"></span>cise prices and weighte<span class=\"_ _6\"></span>d aver<span class=\"_ _6\"></span>age remaining contr<span class=\"_ _6\"></span>actual life of outs<span class=\"_ _6\"></span>tanding aw<span class=\"_ _6\"></span>ards are as f<span class=\"_ _6\"></span>ollows:<span class=\"_ _383\"> </span>Exercise price<span class=\"_ _383\"> </span>2022<span class=\"_ _a0\"> </span><span class=\"ff1\">2021<span class=\"_ _383\"> </span></span>Number<span class=\"_ _383\"> </span>W<span class=\"_ _8\"></span>eighted average remaining contractual life (years)<span class=\"_ _70\"> </span><span class=\"ff1 ws71\">Number<span class=\"_ _383\"> </span></span>W<span class=\"_ _8\"></span>eighted aver<span class=\"_ _6\"></span>age remaining contractual lif<span class=\"_ _6\"></span>e (years)<span class=\"_ _383\"> </span>Sharesave Scheme<span class=\"_ _255\"> </span><span class=\"ls2\"> <span class=\"_ _11a\"> </span> </span>229 \u2013 429 pence (2<span class=\"_ _6\"></span>021: 227 \u2013 335 pence)<span class=\"_ _22c\"> </span><span class=\"ff2 lse4 wse9\">2<span class=\"_ _2\"></span>,<span class=\"_ _2\"></span>1<span class=\"_ _2\"></span>4<span class=\"_ _2\"></span>7,<span class=\"_ _2\"></span>9<span class=\"_ _2\"></span>7<span class=\"_ _2\"></span>2<span class=\"_ _52\"> </span><span class=\"ls14 ws11\">1.8<span class=\"_ _36\"> </span></span></span><span class=\"lsd7 wsd7\">2<span class=\"_ _2\"></span>,42<span class=\"_ _2\"></span>1<span class=\"_ _1\"></span>,<span class=\"_ _2\"></span>2<span class=\"_ _1\"></span>6<span class=\"_ _1\"></span>0<span class=\"_ _e5\"> </span></span><span class=\"ws6e\">2.0<span class=\"_ _383\"> </span></span>Deferred Share Bonus Plan<span class=\"_ _72\"> </span><span class=\"ls2\"> <span class=\"_ _11a\"> </span> </span>Nil<span class=\"_ _256\"> </span><span class=\"ff2 lsf9 ws82\">7<span class=\"_ _8\"></span>63,390<span class=\"_ _15c\"> </span><span class=\"lsc5 wsc4\">0<span class=\"_ _1\"></span>.9<span class=\"_ _94\"> </span><span class=\"ff1 lsc8 wsc8\">7<span class=\"_ _0\"></span>9<span class=\"_ _0\"></span>7,<span class=\"_ _2\"></span>1<span class=\"_ _2\"></span>1<span class=\"_ _0\"></span>6<span class=\"_ _90\"> </span><span class=\"ls9f wsbc\">0.7<span class=\"_ _383\"> </span></span></span></span></span>Performance Share Plan<span class=\"_ _257\"> </span><span class=\"ls2\"> <span class=\"_ _11a\"> </span> </span>Nil<span class=\"_ _258\"> </span><span class=\"ff2 lse3 wse7\">5,391,<span class=\"_ _1\"></span>269<span class=\"_ _15c\"> </span><span class=\"lscd wsce\">2<span class=\"_ _1\"></span>.7<span class=\"_ _15\"> </span></span></span><span class=\"ls7a wsa1\">5,225,080<span class=\"_ _8b\"> </span><span class=\"lsd7 wsd7\">2<span class=\"_ _1\"></span>.4</span></span> <span class=\"_ _11b\"> </span><span class=\"ff2 lsf9 ws82\">8,302,631<span class=\"_ _63\"> </span><span class=\"ls73 ws7a\">2.3<span class=\"_ _a3\"> </span></span></span><span class=\"lsd7 wsd7\">8<span class=\"_ _1\"></span>,4<span class=\"_ _2\"></span>4<span class=\"_ _1\"></span>3<span class=\"_ _2\"></span>,4<span class=\"_ _1\"></span>5<span class=\"_ _2\"></span>6<span class=\"_ _ce\"> </span><span class=\"lsed wsf2\">2<span class=\"_ _1\"></span>.1<span class=\"_ _383\"> </span></span></span>Sharesave Scheme <span class=\"_ _91\"> </span><span class=\"ff2 lse ws71\">2022<span class=\"_ _18d\"> </span><span class=\"ff1\">2021<span class=\"_ _20e\"> </span><span class=\"ls69 ws70\">2020<span class=\"_ _1b5\"> </span></span>2019<span class=\"_ _120\"> </span>2<span class=\"_ _6\"></span>018<span class=\"_ _259\"> </span>2017<span class=\"_ _383\"> </span></span></span>Contractual lif<span class=\"_ _6\"></span>e, year<span class=\"_ _6\"></span>s<span class=\"_ _115\"> </span><span class=\"ff2 ls2\">3<span class=\"_ _5f\"> </span><span class=\"ff1\">3<span class=\"_ _52\"> </span>3<span class=\"_ _90\"> </span>5<span class=\"_ _90\"> </span>3<span class=\"_ _90\"> </span>5<span class=\"_ _90\"> </span>3<span class=\"_ _90\"> </span>5<span class=\"_ _5f\"> </span>5<span class=\"_ _383\"> </span></span></span>Share price at issue, \u00a3<span class=\"_ _25a\"> </span><span class=\"ff2 ws6e\">4.2<span class=\"_ _1\"></span>0<span class=\"_ _3e\"> </span></span><span class=\"lsed wsf2\">5<span class=\"_ _1\"></span>.1<span class=\"_ _1\"></span>3<span class=\"_ _86\"> </span></span><span class=\"ls2\">2.86<span class=\"_ _86\"> </span>2.86<span class=\"_ _98\"> </span><span class=\"ls7d wse2\">3.32<span class=\"_ _86\"> </span>3.32<span class=\"_ _18d\"> </span><span class=\"lsed wsf2\">4<span class=\"_ _1\"></span>.1<span class=\"_ _1\"></span>9<span class=\"_ _3d\"> </span>4.1<span class=\"_ _2\"></span>9<span class=\"_ _50\"> </span><span class=\"ls86 wsf1\">3<span class=\"_ _2\"></span>.9<span class=\"_ _1\"></span>3<span class=\"_ _383\"> </span></span></span></span></span>Exer<span class=\"_ _6\"></span>cise price, \u00a3<span class=\"_ _155\"> </span><span class=\"ff2 ws6e\">4.<span class=\"_ _1\"></span>29<span class=\"_ _50\"> </span></span><span class=\"ls86 wsf1\">3<span class=\"_ _2\"></span>.9<span class=\"_ _1\"></span>6<span class=\"_ _86\"> </span></span><span class=\"ls2\">2.2<span class=\"_ _1\"></span>9<span class=\"_ _98\"> </span>2.2<span class=\"_ _1\"></span>9<span class=\"_ _98\"> </span><span class=\"ls14 ws11\">2.65<span class=\"_ _86\"> </span>2.65<span class=\"_ _98\"> </span><span class=\"ls2c ws29\">3.35<span class=\"_ _98\"> </span>3.<span class=\"_ _1\"></span>35<span class=\"_ _3e\"> </span><span class=\"lsed wsf2\">3<span class=\"_ _1\"></span>.1<span class=\"_ _1\"></span>5<span class=\"_ _383\"> </span></span></span></span></span>Expected volatility, %<span class=\"_ _21a\"> </span><span class=\"ff2 ls14 ws11\">31.4<span class=\"_ _91\"> </span></span><span class=\"lsc8 wsc8\">3<span class=\"_ _0\"></span>7.<span class=\"_ _2\"></span>9<span class=\"_ _18d\"> </span>5<span class=\"_ _2\"></span>7.<span class=\"_ _0\"></span>6<span class=\"_ _18d\"> </span>5<span class=\"_ _2\"></span>7.<span class=\"_ _0\"> </span>6<span class=\"_ _3b\"> </span><span class=\"ls86 wsf1\">3<span class=\"_ _2\"></span>1<span class=\"_ _1\"></span>.9<span class=\"_ _3d\"> </span>3<span class=\"_ _2\"></span>1<span class=\"_ _1\"></span>.9<span class=\"_ _5c\"> </span><span class=\"lsed wsf2\">1<span class=\"_ _1\"></span>6<span class=\"_ _2\"></span>.1<span class=\"_ _3e\"> </span><span class=\"lscc wscd\">16.<span class=\"_ _1\"></span>5<span class=\"_ _3b\"> </span></span></span></span>1<span class=\"_ _2\"></span>7.<span class=\"_ _3\"> </span>3<span class=\"_ _383\"> </span></span>Dividend yield, % <span class=\"_ _155\"> </span><span class=\"ff2 lsc4 wsc3\">7.<span class=\"_ _0\"> </span>3<span class=\"_ _96\"> </span></span><span class=\"ls88 wse3\">4.<span class=\"_ _1\"></span>5<span class=\"_ _93\"> </span><span class=\"ls2c ws29\">3.3<span class=\"_ _93\"> </span>3.3<span class=\"_ _93\"> </span></span>4.8<span class=\"_ _9d\"> </span>4.8<span class=\"_ _96\"> </span><span class=\"lsd7 wsd7\">4.4<span class=\"_ _96\"> </span>4<span class=\"_ _1\"></span>.4<span class=\"_ _9c\"> </span><span class=\"lsed wsf2\">4.1<span class=\"_ _383\"> </span></span></span></span>Gran<span class=\"_ _6\"></span>t date fair value<span class=\"_ _6\"></span>, \u00a3<span class=\"_ _e5\"> </span><span class=\"ff2 ws6e\">0.<span class=\"_ _1\"></span>68<span class=\"_ _3e\"> </span></span><span class=\"lsd7 wsd7\">1<span class=\"_ _1\"></span>.4<span class=\"_ _2\"></span>6<span class=\"_ _3e\"> </span><span class=\"ls9f wsbc\">1.2<span class=\"_ _1\"></span>2<span class=\"_ _91\"> </span>1.3<span class=\"_ _1\"></span>4<span class=\"_ _98\"> </span><span class=\"ls86 wsf1\">0<span class=\"_ _1\"></span>.9<span class=\"_ _2\"></span>0<span class=\"_ _3e\"> </span>0<span class=\"_ _2\"></span>.9<span class=\"_ _1\"></span>1<span class=\"_ _86\"> </span></span></span>0<span class=\"_ _1\"></span>.4<span class=\"_ _1\"></span>0<span class=\"_ _50\"> </span>0.4<span class=\"_ _2\"></span>3<span class=\"_ _50\"> </span><span class=\"ls88 wse3\">0.70<span class=\"_ _383\"> </span></span></span>The sharesav<span class=\"_ _6\"></span>e schemes are not entitled t<span class=\"_ _6\"></span>o dividends between the option and e<span class=\"_ _6\"></span>xercise date<span class=\"_ _8\"></span>. A Black S<span class=\"_ _1\"></span>choles model is used to determine the gr<span class=\"_ _6\"></span>ant date fair value with tw<span class=\"_ _6\"></span>o inputs:<span class=\"_ _383\"> </span>\u2022 <span class=\"_ _124\"> </span><span class=\"ws2\">Expected volatility \u2013 from 2<span class=\"_ _6\"></span>019<span class=\"_ _1f6\"></span>, the expected volatility is based on the Company<span class=\"_ _6\"></span>\u2019<span class=\"_ _8\"></span>s share price. Prior to this the Gr<span class=\"_ _6\"></span>oup used the FTSE 350 </span>diver<span class=\"_ _6\"></span><span class=\"_ _383\">si\ufb01ed \ufb01nancials volatility as insufficient his</span><span class=\"_ _6\"></span>tory w<span class=\"_ _6\"></span>as available for the Company\u2019<span class=\"_ _1f6\"></span>s share price.<span class=\"_ _383\"> </span>\u2022 <span class=\"_ _124\"> </span><span class=\"ws2\">Dividend \u2013 based on the average dividend yield acr<span class=\"_ _6\"></span>oss external analyst r<span class=\"_ _6\"></span>eports for the quarter prior to scheme grant dat<span class=\"_ _6\"></span>e.<span class=\"_ _383\"> </span></span>Deferred Share<span class=\"_ _6\"></span> Bonus Plan <span class=\"_ _1b4\"> </span><span class=\"ls69 ws70\">20<span class=\"_ _1\"></span>20<span class=\"_ _57\"> </span><span class=\"lse ws71\">2019<span class=\"_ _1b4\"> </span>2018<span class=\"_ _b2\"> </span>2017<span class=\"_ _383\"> </span></span></span>Contractual lif<span class=\"_ _6\"></span>e, year<span class=\"_ _6\"></span>s<span class=\"_ _25b\"> </span><span class=\"ls2\">3<span class=\"_ _d9\"> </span>3<span class=\"_ _d9\"> </span>3<span class=\"_ _d9\"> </span>5<span class=\"_ _383\"> </span></span>Mid-mark<span class=\"_ _6\"></span>et share price<span class=\"_ _6\"></span>, \u00a3<span class=\"_ _1dc\"> </span><span class=\"ls6f ws75\">2.5<span class=\"_ _1\"></span>8<span class=\"_ _254\"> </span><span class=\"ls86 wsf1\">3<span class=\"_ _2\"></span>.9<span class=\"_ _1\"></span>6<span class=\"_ _96\"> </span><span class=\"lsd3 ws86\">3.80<span class=\"_ _96\"> </span><span class=\"ls88 wse3\">4.<span class=\"_ _1\"></span>0<span class=\"_ _1\"></span>4<span class=\"_ _383\"> </span></span></span></span></span>Attrition r<span class=\"_ _6\"></span>ate, %<span class=\"_ _25c\"> </span><span class=\"ls2\">\u2013<span class=\"_ _e5\"> </span><span class=\"lsd7 wsd7\">8<span class=\"_ _1\"></span>.4<span class=\"_ _52\"> </span><span class=\"lsf8 wsfd\">9.<span class=\"_ _2\"></span>7<span class=\"_ _15c\"> </span><span class=\"lsc7 ws7f\">11.<span class=\"_ _1\"></span>8<span class=\"_ _383\"> </span></span></span></span></span>Dividend yield, % <span class=\"_ _25d\"> </span><span class=\"ls7a wsa1\">5.6<span class=\"_ _8b\"> </span><span class=\"ls88 wse3\">4.7<span class=\"_ _8b\"> </span>4.6<span class=\"_ _e5\"> </span>4.0<span class=\"_ _383\"> </span></span></span>Gran<span class=\"_ _6\"></span>t date fair value<span class=\"_ _6\"></span>, \u00a3<span class=\"_ _25e\"> </span><span class=\"ls2\">2.21<span class=\"_ _9c\"> </span><span class=\"lsee wsf3\">3<span class=\"_ _2\"></span>.47<span class=\"_ _55\"> </span><span class=\"ls2c ws29\">3.34<span class=\"_ _254\"> </span><span class=\"ls12 wsf\">3<span class=\"_ _1\"></span>.37<span class=\"_ _383\"> </span></span></span></span></span>For awar<span class=\"_ _6\"></span>ds gran<span class=\"_ _6\"></span>ted from 2<span class=\"_ _6\"></span>021, there are no further performance or ves<span class=\"_ _6\"></span>ting conditions attached to deferr<span class=\"_ _6\"></span>ed aw<span class=\"_ _6\"></span>ards<span class=\"_ _6\"></span>, for further details see <span class=\"ls2\"> </span>DSBP abo<span class=\"_ _6\"></span>ve<span class=\"_ _6\"></span>.<span class=\"_ _383\"> </span>For DSBP aw<span class=\"_ _6\"></span>ards wher<span class=\"_ _6\"></span>e conditions exist, these schemes carry no righ<span class=\"_ _6\"></span>ts to dividend equivalen<span class=\"_ _6\"></span>ts and a Black Scholes model is used to determine the gran<span class=\"_ _6\"></span>t date fair value with a dividend yield input applied \u2013 based on the av<span class=\"_ _6\"></span>erage dividend yield acr<span class=\"_ _6\"></span>oss external analys<span class=\"_ _6\"></span>t reports for the quarter prior to scheme gran<span class=\"_ _6\"></span>t date. <div class=\"t m3 hc ff2 fs7 fc3 sc0 ls2d ws2a gs378\">Performance Share Plan<span class=\"_ _383\"> </span></div><div class=\"t m3 hd ff1 fs7 fc3 sc0 ls11 ws2 gs379\">Performance awar<span class=\"_ _6\"></span>ds are typically made annually at the discr<span class=\"_ _6\"></span>etion of the Group R<span class=\"_ _6\"></span>emuneration and People Committee. A<span class=\"_ _6\"></span>war<span class=\"_ _6\"></span>ds are based on a </div><div class=\"t m3 hd ff1 fs7 fc3 sc0 ls11 ws2 gs37a\">mixture of in<span class=\"_ _6\"></span>ternal \ufb01nancial performance target<span class=\"_ _6\"></span>s, risk<span class=\"_ _8\"></span>-based measures and relativ<span class=\"_ _6\"></span>e TSR<span class=\"_ _6\"></span>. </div><div class=\"t m3 hd ff1 fs7 fc3 sc0 ls11 ws2 gs37b\">Non-mark<span class=\"_ _6\"></span>et performance conditions exis<span class=\"_ _6\"></span>t for the scheme notably that a participant is employed by the Company at the ves<span class=\"_ _6\"></span>ting date with good </div><div class=\"t m3 hd ff1 fs7 fc3 sc0 ls11 ws2 gs37c\">leaver e<span class=\"_ _6\"></span>xceptions<span class=\"_ _6\"></span>, and an attrition rate is applied as an es<span class=\"_ _6\"></span>timate of the actual number of a<span class=\"_ _6\"></span>war<span class=\"_ _6\"></span>ds that will meet the related conditions at the </div><div class=\"t m3 hd ff1 fs7 fc3 sc0 ls11 ws2 gs37d\">ves<span class=\"_ _6\"></span>ting date.<span class=\"_ _383\"> </span></div><div class=\"t m3 hd ff1 fs7 fc3 sc0 ls11 ws2 gs37e\">The awar<span class=\"_ _6\"></span>ds are not en<span class=\"_ _6\"></span>titled to a dividend equivalen<span class=\"_ _6\"></span>t between gr<span class=\"_ _6\"></span>ant date and v<span class=\"_ _6\"></span>esting and a Black Scholes model is used to determine the gr<span class=\"_ _8\"></span>ant </div><div class=\"t m3 hd ff1 fs7 fc3 sc0 ls11 ws2 gs37f\">date fair value with a dividend yield input applied \u2013 base<span class=\"_ _6\"></span>d on the aver<span class=\"_ _6\"></span>age dividend yield across external analys<span class=\"_ _6\"></span>t reports for the quarter prior to </div><div class=\"t m3 hd ff1 fs7 fc3 sc0 ls11 ws2 gs380\">the scheme gran<span class=\"_ _6\"></span>t date. </div><div class=\"t m3 hd ff1 fs7 fc3 sc0 ls11 ws2 gs381\">The fair value of an op<span class=\"_ _6\"></span>tion that is subject to mark<span class=\"_ _6\"></span>et conditions (the relativ<span class=\"_ _6\"></span>e share price element of the PSP<span class=\"_ _6\"></span>) is determined at gran<span class=\"_ _6\"></span>t date using a </div><div class=\"t m3 hd ff1 fs7 fc3 sc0 ls11 ws2 gs382\">Monte Carlo model at the time o<span class=\"_ _6\"></span>f grant.<span class=\"_ _383\"> </span></div><div class=\"t m3 hd ff1 fs7 fc3 sc0 ls11 ws2 gs383\">The inputs into the models ar<span class=\"_ _6\"></span>e as follo<span class=\"_ _6\"></span>ws:</div><div class=\"t m3 h8 ff1 fs5 fc3 sc0 ls2 ws2 gs384\"> <span class=\"_ _61\"> </span><span class=\"ff2 lse ws71\">2022<span class=\"_ _1b4\"> </span><span class=\"ff1\">2021<span class=\"_ _9c\"> </span><span class=\"ls69 ws70\">2020<span class=\"_ _57\"> </span></span>2019<span class=\"_ _1b4\"> </span>2018<span class=\"_ _383\"> </span></span></span></div><div class=\"t m3 hd ff1 fs7 fc3 sc0 ls11 ws2 gs385\">Contractual lif<span class=\"_ _6\"></span>e, year<span class=\"_ _6\"></span>s<span class=\"_ _20b\"> </span><span class=\"ff2 ls86 wsf1\">3<span class=\"_ _1\"></span>\u20137<span class=\"_ _1c2\"> </span></span><span class=\"lsd8 wsd8\">3<span class=\"_ _1\"></span>\u20137<span class=\"_ _63\"> </span>3<span class=\"_ _2\"></span>\u20137<span class=\"_ _35\"> </span></span><span class=\"ls2\">3<span class=\"_ _d9\"> </span>3<span class=\"_ _383\"> </span></span></div><div class=\"t m3 hd ff1 fs7 fc3 sc0 ls11 ws2 gs386\">Mid-mark<span class=\"_ _6\"></span>et share price<span class=\"_ _6\"></span>, \u00a3<span class=\"_ _25f\"> </span><span class=\"ff2 ls6f ws75\">5.58<span class=\"_ _254\"> </span></span><span class=\"ls86 wsf1\">4<span class=\"_ _1\"></span>.9<span class=\"_ _1\"></span>4<span class=\"_ _55\"> </span><span class=\"ls6f ws75\">2.5<span class=\"_ _1\"></span>8<span class=\"_ _254\"> </span></span>3<span class=\"_ _2\"></span>.9<span class=\"_ _1\"></span>6<span class=\"_ _15c\"> </span><span class=\"lsed wsf2\">4<span class=\"_ _1\"></span>.1<span class=\"_ _1\"></span>1<span class=\"_ _383\"> </span></span></span></div><div class=\"t m3 hd ff1 fs7 fc3 sc0 ls11 ws2 gs387\">Attrition r<span class=\"_ _6\"></span>ate, %<span class=\"_ _160\"> </span><span class=\"ff2 lsc5 wsc4\">6.9<span class=\"_ _37\"> </span></span><span class=\"ls12 wsf\">12.<span class=\"_ _1\"></span>8<span class=\"_ _90\"> </span><span class=\"lsc8 wsc8\">7.<span class=\"_ _3\"> </span>3<span class=\"_ _5f\"> </span><span class=\"lsd7 wsd7\">8<span class=\"_ _2\"></span>.4<span class=\"_ _52\"> </span><span class=\"lsf8 wsfd\">9.<span class=\"_ _2\"></span>7<span class=\"_ _383\"> </span></span></span></span></span></div><div class=\"t m3 hd ff1 fs7 fc3 sc0 ls11 ws2 gs388\">Expected volatility, %<span class=\"_ _7e\"> </span><span class=\"ff2 lsc4 wsc3\">3<span class=\"_ _2\"></span>7.<span class=\"_ _1\"></span>4<span class=\"_ _61\"> </span></span><span class=\"lsf8 wsfd\">5<span class=\"_ _2\"></span>9.<span class=\"_ _2\"></span>5<span class=\"_ _9c\"> </span><span class=\"ls86 wsf1\">4<span class=\"_ _1\"></span>3<span class=\"_ _2\"></span>.9<span class=\"_ _55\"> </span><span class=\"ls1e ws43\">26.<span class=\"_ _1\"></span>8<span class=\"_ _57\"> </span></span></span>2<span class=\"_ _2\"></span>9.<span class=\"_ _1\"></span>1<span class=\"_ _383\"> </span></span></div><div class=\"t m3 hd ff1 fs7 fc3 sc0 ls11 ws2 gs389\">Dividend yield, % <span class=\"_ _10d\"> </span><span class=\"ff2 ws6e\">4.7<span class=\"_ _53\"> </span></span><span class=\"lsd3 ws86\">3.8<span class=\"_ _15e\"> </span><span class=\"ls7a wsa1\">5.6<span class=\"_ _5f\"> </span><span class=\"ls88 wse3\">4.7<span class=\"_ _e5\"> </span>4.<span class=\"_ _1\"></span>6<span class=\"_ _383\"> </span></span></span></span></div><div class=\"t m3 hd ff1 fs7 fc3 sc0 ls11 ws2 gs38a\">V<span class=\"_ _6\"></span>esting r<span class=\"_ _6\"></span>ate \u2013 T<span class=\"_ _6\"></span>SR % <span class=\"_ _7e\"> </span><span class=\"ff2 ls7d wse2\">32.3<span class=\"_ _96\"> </span></span><span class=\"ls9f wsbc\">40.<span class=\"_ _1\"></span>8<span class=\"_ _9c\"> </span><span class=\"lsc8 wsc8\">2<span class=\"_ _0\"></span>7.<span class=\"_ _0\"></span>8<span class=\"_ _61\"> </span><span class=\"ls86 wsf1\">4<span class=\"_ _1\"></span>4<span class=\"_ _1\"></span>.9<span class=\"_ _55\"> </span><span class=\"ls88 wse3\">5<span class=\"_ _1\"></span>4.0<span class=\"_ _383\"> </span></span></span></span></span></div><div class=\"t m3 hd ff1 fs7 fc3 sc0 ls11 ws2 gs38b\">Gran<span class=\"_ _6\"></span>t date fair value<span class=\"_ _6\"></span>, \u00a3<span class=\"_ _260\"> </span><span class=\"ff2 ws6e\">4.64<span class=\"_ _55\"> </span></span><span class=\"ls88 wse3\">4.<span class=\"_ _1\"></span>26<span class=\"_ _55\"> </span></span><span class=\"ws6e\">2.06<span class=\"_ _9c\"> </span><span class=\"lsee wsf3\">3<span class=\"_ _2\"></span>.47<span class=\"_ _37\"> </span><span class=\"lsa wse4\">3<span class=\"_ _2\"></span>.61<span class=\"_ _383\"> </span></span></span></span></div><span class=\"_ _383\">ii.\u2002Fair value</span><span class=\"_ _1\"></span>s<span class=\"_ _383\"> </span>The following t<span class=\"_ _6\"></span>ables summarise the carrying value and estimat<span class=\"_ _6\"></span>ed fair value of \ufb01nancial ins<span class=\"_ _6\"></span>truments not measur<span class=\"_ _6\"></span>ed at fair value in the Consolidated Statemen<span class=\"_ _6\"></span>t of Financial Position: 2022<span class=\"_ _a0\"> </span><span class=\"ff1\">2021<span class=\"_ _383\"> </span></span>Carrying value<span class=\"_ _383\"> </span>\u00a3m<span class=\"_ _383\"> </span>Estimated fair value<span class=\"_ _383\"> </span>\u00a3m<span class=\"_ _383\"> </span>Carrying <span class=\"ls2 ws2\"> </span>value<span class=\"_ _383\"> </span>\u00a3m<span class=\"_ _383\"> </span>Estimated fair value<span class=\"_ _383\"> </span>\u00a3m<span class=\"_ _383\"> </span>Assets<span class=\"_ _334\"> </span><span class=\"ls2 ws2\"> <span class=\"_ _11a\"> </span> </span>Cash in hand<span class=\"_ _25c\"> </span><span class=\"ff2 ls81 wsdf\">0<span class=\"_ _1\"></span>.4<span class=\"_ _15c\"> </span>0.4<span class=\"_ _e5\"> </span></span><span class=\"ls9f wsbc\">0.5<span class=\"_ _53\"> </span>0.5<span class=\"_ _383\"> </span></span>Loans and adv<span class=\"_ _6\"></span>ances to credit institutions<span class=\"_ _335\"> </span><span class=\"ff2 lsf9 ws82\">3,365.<span class=\"_ _6\"></span>7<span class=\"_ _6c\"> </span>3,365.7<span class=\"_ _6e\"> </span><span class=\"ff1 ls2c ws29\">2,843.6<span class=\"_ _6e\"> </span>2,843.6<span class=\"_ _383\"> </span></span></span>Inv<span class=\"_ _6\"></span>estment securities<span class=\"_ _1ca\"> </span><span class=\"ff2 ls12 wsf\">262.6<span class=\"_ _98\"> </span><span class=\"lsc9 wsc9\">260.5<span class=\"_ _e8\"> </span></span></span><span class=\"lsed wsf2\">3<span class=\"_ _1\"></span>2<span class=\"_ _2\"></span>3<span class=\"_ _1\"></span>.1<span class=\"_ _91\"> </span><span class=\"ls54 ws55\">323.8<span class=\"_ _383\"> </span></span></span>Loans and adv<span class=\"_ _6\"></span>ances to customer<span class=\"_ _6\"></span>s<span class=\"_ _2e8\"> </span><span class=\"ff2 lscd wsce\">2<span class=\"_ _1\"></span>3,598<span class=\"_ _1\"></span>.<span class=\"_ _6\"></span>1<span class=\"_ _fc\"> </span><span class=\"ls7e ws16\">22,7<span class=\"_ _1\"></span>46.0<span class=\"_ _1a\"> </span><span class=\"ff1 lsc9 wsc9\">21,0<span class=\"_ _1\"></span>62.6<span class=\"_ _6c\"> </span><span class=\"lsf8 wsfd\">2<span class=\"_ _2\"></span>1<span class=\"_ _2\"></span>,<span class=\"_ _2\"></span>0<span class=\"_ _1\"></span>7<span class=\"_ _2\"></span>9.<span class=\"_ _2\"></span>5<span class=\"_ _383\"> </span></span></span></span></span>Other assets1<span class=\"_ _383\"> </span>1.8<span class=\"_ _8b\"> </span>1.8<span class=\"_ _8b\"> </span><span class=\"ff1 ls86 wsf1\">0<span class=\"_ _1\"></span>.9<span class=\"_ _8b\"> </span>0<span class=\"_ _2\"></span>.9</span> <span class=\"_ _11e\"> </span><span class=\"ff2 lse4 wse9\">2<span class=\"_ _2\"></span>7,<span class=\"_ _0\"></span>2<span class=\"_ _2\"></span>2<span class=\"_ _0\"> </span>8<span class=\"_ _0\"> </span>.<span class=\"_ _0\"></span>6<span class=\"_ _1fe\"> </span><span class=\"ls81 wsdf\">26<span class=\"_ _1\"></span>,<span class=\"_ _1\"></span>3<span class=\"_ _1\"></span>7<span class=\"_ _1\"></span>4<span class=\"_ _1\"></span>.4<span class=\"_ _aa\"> </span></span></span><span class=\"ls88 wse3\">24,2<span class=\"_ _1\"></span>3<span class=\"_ _1\"></span>0.<span class=\"_ _1\"></span>7<span class=\"_ _fd\"> </span><span class=\"lscd wsce\">24,24<span class=\"_ _1\"></span>8.3<span class=\"_ _383\"> </span></span></span>Liabilities<span class=\"_ _256\"> </span><span class=\"ls2 ws2\"> <span class=\"_ _11a\"> </span> </span>Amounts o<span class=\"_ _6\"></span>wed to r<span class=\"_ _6\"></span>etail depositor<span class=\"_ _6\"></span>s<span class=\"_ _d1\"> </span><span class=\"ff2 lsd3 ws86\">19<span class=\"_ _8\"></span>,755.8<span class=\"_ _67\"> </span><span class=\"ls16c ws189\">1<span class=\"_ _1\"></span>9,<span class=\"_ _2\"></span>6<span class=\"_ _2\"></span>9<span class=\"_ _1\"></span>3<span class=\"_ _2\"></span>.<span class=\"_ _2\"></span>0<span class=\"_ _d\"> </span><span class=\"ff1 lsc8 wsc8\">1<span class=\"_ _2\"></span>7,<span class=\"_ _0\"></span>5<span class=\"_ _0\"></span>2<span class=\"_ _0\"></span>6<span class=\"_ _0\"></span>.<span class=\"_ _1\"></span>4<span class=\"_ _6b\"> </span>1<span class=\"_ _2\"></span>7,<span class=\"_ _0\"></span>5<span class=\"_ _0\"></span>2<span class=\"_ _2\"></span>4<span class=\"_ _0\"></span>.<span class=\"_ _2\"></span>9<span class=\"_ _383\"> </span></span></span></span>Amounts o<span class=\"_ _6\"></span>wed to cr<span class=\"_ _6\"></span>edit institutions<span class=\"_ _197\"> </span><span class=\"ff2 lsc5 wsc4\">5<span class=\"_ _1\"></span>,<span class=\"_ _2\"></span>0<span class=\"_ _1\"></span>9<span class=\"_ _1\"></span>2<span class=\"_ _2\"></span>.9<span class=\"_ _66\"> </span>5<span class=\"_ _1\"></span>,<span class=\"_ _1\"></span>0<span class=\"_ _2\"></span>9<span class=\"_ _1\"></span>2<span class=\"_ _1\"></span>.9<span class=\"_ _7f\"> </span></span><span class=\"lsf8 wsfd\">4<span class=\"_ _1\"></span>,<span class=\"_ _2\"></span>3<span class=\"_ _2\"></span>1<span class=\"_ _2\"></span>9.<span class=\"_ _2\"></span>6<span class=\"_ _7f\"> </span>4<span class=\"_ _1\"></span>,<span class=\"_ _0\"></span>3<span class=\"_ _2\"></span>1<span class=\"_ _1\"></span>9.<span class=\"_ _2\"></span>6<span class=\"_ _383\"> </span></span>Amounts o<span class=\"_ _6\"></span>wed to o<span class=\"_ _6\"></span>ther customer<span class=\"_ _6\"></span>s<span class=\"_ _79\"> </span><span class=\"ff2 lsc3 wsc2\">1<span class=\"_ _1\"></span>1<span class=\"_ _1\"></span>3<span class=\"_ _2\"></span>.1<span class=\"_ _9d\"> </span>11<span class=\"_ _1\"></span>3<span class=\"_ _2\"></span>.1<span class=\"_ _254\"> </span></span><span class=\"ls14 ws11\">92.6<span class=\"_ _55\"> </span>92.<span class=\"_ _1\"></span>6<span class=\"_ _383\"> </span></span>Debt securities in issue<span class=\"_ _26f\"> </span><span class=\"ff2 lsc5 wsc4\">2<span class=\"_ _1\"></span>6<span class=\"_ _1\"></span>5<span class=\"_ _2\"></span>.9<span class=\"_ _50\"> </span>26<span class=\"_ _1\"></span>5<span class=\"_ _2\"></span>.9<span class=\"_ _a9\"> </span></span><span class=\"ls9f wsbc\">4<span class=\"_ _1\"></span>60.3<span class=\"_ _a9\"> </span>46<span class=\"_ _1\"></span>0.3<span class=\"_ _383\"> </span></span>Other liabilities2<span class=\"_ _383\"> </span>3<span class=\"_ _1\"></span>8<span class=\"_ _2\"></span>.1<span class=\"_ _4f\"> </span>3<span class=\"_ _2\"></span>8<span class=\"_ _1\"></span>.1<span class=\"_ _55\"> </span><span class=\"ff1 ls54 ws55\">28.<span class=\"_ _1\"></span>8<span class=\"_ _96\"> </span>28.<span class=\"_ _1\"></span>8<span class=\"_ _383\"> </span></span>Subordinated liabilities<span class=\"_ _1c7\"> </span><span class=\"ff2 ls2\">\u2013 <span class=\"_ _3f\"> </span>\u2013 <span class=\"_ _93\"> </span></span><span class=\"ls9f wsbc\">1<span class=\"_ _1\"></span>0.3<span class=\"_ _61\"> </span>10.6<span class=\"_ _383\"> </span></span>PSBs<span class=\"_ _312\"> </span><span class=\"ff2 lscd wsce\">15.2<span class=\"_ _55\"> </span><span class=\"ls7e ws16\">14.0<span class=\"_ _61\"> </span></span></span><span class=\"ls9f wsbc\">15<span class=\"_ _1\"></span>.2<span class=\"_ _1b4\"> </span><span class=\"ls88 wse3\">14.<span class=\"_ _1\"></span>7</span></span> <span class=\"_ _11e\"> </span><span class=\"ff2 ls14 ws11\">25,281.0<span class=\"_ _fd\"> </span><span class=\"lsc4 wsc3\">2<span class=\"_ _0\"></span>5<span class=\"_ _0\"></span>,<span class=\"_ _0\"> </span>2<span class=\"_ _0\"> </span>1<span class=\"_ _0\"></span>7.<span class=\"_ _2\"></span>0<span class=\"_ _19f\"> </span></span></span><span class=\"lsd7 wsd7\">2<span class=\"_ _1\"></span>2<span class=\"_ _1\"></span>,4<span class=\"_ _2\"></span>5<span class=\"_ _1\"></span>3<span class=\"_ _2\"></span>.<span class=\"_ _1\"></span>2<span class=\"_ _89\"> </span>2<span class=\"_ _2\"></span>2<span class=\"_ _1\"></span>,4<span class=\"_ _1\"></span>5<span class=\"_ _1\"></span>1<span class=\"_ _1\"></span>.<span class=\"_ _1\"></span>5<span class=\"_ _383\"> </span></span>1.<span class=\"_ _6\"></span> <span class=\"_ _41\"> </span>Balance ex<span class=\"_ _6\"></span>cludes prepa<span class=\"_ _6\"></span>yments.<span class=\"_ _383\"> </span>2. <span class=\"_ _149\"> </span>Balance exc<span class=\"_ _6\"></span>ludes defer<span class=\"_ _6\"></span>red income.<span class=\"_ _383\"> </span>The fair values in these tables ar<span class=\"_ _6\"></span>e estimated using the v<span class=\"_ _6\"></span>aluation techniques below<span class=\"_ _8\"></span>. The estimated fair value is s<span class=\"_ _6\"></span>tated as at 31 December and may <span class=\"_ _383\">be signi\ufb01cantly differ</span><span class=\"_ _6\"></span>ent from the amoun<span class=\"_ _6\"></span>ts which will actually be paid on the maturity or settlement dat<span class=\"_ _6\"></span>es of each \ufb01nancial instrumen<span class=\"_ _6\"></span>t.<span class=\"_ _383\"> </span>Cas<span class=\"_ _1\"></span>h in hand<span class=\"_ _383\"> </span>This represen<span class=\"_ _6\"></span>ts physical cash across the Gr<span class=\"_ _6\"></span>oup<span class=\"_ _8\"></span>\u2019<span class=\"_ _6\"></span>s branch netw<span class=\"_ _6\"></span>ork where fair v<span class=\"_ _6\"></span>alue is considered to be equal to carrying v<span class=\"_ _6\"></span>alue. Loans and advanc<span class=\"_ _1\"></span>es to cre<span class=\"_ _1\"></span>dit institutions<span class=\"_ _383\"> </span>This mainly represen<span class=\"_ _6\"></span>ts the Group<span class=\"_ _8\"></span>\u2019<span class=\"_ _8\"></span>s working capital curren<span class=\"_ _6\"></span>t accounts and call accounts with centr<span class=\"_ _6\"></span>al gov<span class=\"_ _6\"></span>ernments and other bank<span class=\"_ _8\"></span>s with an original<span class=\"_ _1\"></span> maturity of less than three months<span class=\"_ _8\"></span><span class=\"_ _383\">. Fair value is not considered to be materially differ</span><span class=\"_ _6\"></span>ent to carrying v<span class=\"_ _6\"></span>alue. Inv<span class=\"_ _6\"></span>estment<span class=\"_ _6\"></span> securit<span class=\"_ _6\"></span>ies<span class=\"_ _383\"> </span>Inv<span class=\"_ _6\"></span>estment securities<span class=\"_ _1f6\"></span>\u2019 fair values are pro<span class=\"_ _6\"></span>vided by a third party and are based on the mark<span class=\"_ _8\"></span>et values of similar \ufb01nancial instrumen<span class=\"_ _6\"></span>ts. The f<span class=\"_ _6\"></span>air value of inv<span class=\"_ _6\"></span>estmen<span class=\"_ _6\"></span>t securities held at FV<span class=\"_ _1\"></span>TPL is measured using a discounte<span class=\"_ _6\"></span>d cash \ufb02ow model.<span class=\"_ _383\"> </span>Loan<span class=\"_ _1\"></span>s and ad<span class=\"_ _1\"></span>vance<span class=\"_ _1\"></span>s to cu<span class=\"_ _1\"></span>stom<span class=\"_ _1\"></span>er<span class=\"_ _1\"></span>s<span class=\"_ _383\"> </span>This mainly represen<span class=\"_ _6\"></span>ts secured mortgage lending to cust<span class=\"_ _6\"></span>omers<span class=\"_ _6\"></span>. The fair value of \ufb01x<span class=\"_ _6\"></span>ed rate mortgages has been estimat<span class=\"_ _6\"></span>ed by discounting future cash \ufb02ows at curr<span class=\"_ _6\"></span>ent mark<span class=\"_ _8\"></span>et rates of in<span class=\"_ _6\"></span>teres<span class=\"_ _6\"></span>t. Future cash \ufb02o<span class=\"_ _6\"></span>ws include the impact of ECL. The in<span class=\"_ _6\"></span>terest r<span class=\"_ _8\"></span>ate on variable rate mortgages is considered to be equal to curr<span class=\"_ _6\"></span>ent mark<span class=\"_ _8\"></span>et product rat<span class=\"_ _6\"></span>es and as such fair value is estimat<span class=\"_ _6\"></span>ed to be equal to carrying value<span class=\"_ _8\"></span>.<span class=\"_ _1\"></span> Other assets<span class=\"_ _383\"> </span>Other assets disclosed in the table abo<span class=\"_ _6\"></span>ve e<span class=\"_ _6\"></span>xclude prepaymen<span class=\"_ _6\"></span>ts and the fair value is considere<span class=\"_ _6\"></span>d to be equal to carrying value<span class=\"_ _6\"></span>. Amou<span class=\"_ _1\"></span>nts owed t<span class=\"_ _1\"></span>o reta<span class=\"_ _1\"></span>il dep<span class=\"_ _1\"></span>osit<span class=\"_ _1\"></span>ors<span class=\"_ _383\"> </span>The fair value of \ufb01x<span class=\"_ _6\"></span>ed rat<span class=\"_ _6\"></span>e retail deposits has been es<span class=\"_ _6\"></span>timated by discounting future cash \ufb02o<span class=\"_ _8\"></span>ws at current mark<span class=\"_ _8\"></span>et rates of int<span class=\"_ _6\"></span>erest. R<span class=\"_ _6\"></span>etail deposits at variable rat<span class=\"_ _6\"></span>es and deposits payable on demand are considered t<span class=\"_ _6\"></span>o be at current mark<span class=\"_ _8\"></span>et rates and as such fair v<span class=\"_ _6\"></span>alue is estimated t<span class=\"_ _6\"></span>o be equal to carrying value<span class=\"_ _6\"></span>.<span class=\"_ _383\"> </span>Amou<span class=\"_ _1\"></span>nts owed t<span class=\"_ _1\"></span>o cre<span class=\"_ _1\"></span>dit ins<span class=\"_ _1\"></span>titutio<span class=\"_ _1\"></span>ns<span class=\"_ _383\"> </span>This mainly represen<span class=\"_ _6\"></span>ts amounts dr<span class=\"_ _8\"></span>awn down under the BoE TFSME and commercial repos<span class=\"_ _8\"></span>. Fair value is considered to be equal to carrying value<span class=\"_ _6\"></span>. Amou<span class=\"_ _1\"></span>nts owed t<span class=\"_ _1\"></span>o othe<span class=\"_ _1\"></span>r cus<span class=\"_ _1\"></span>tom<span class=\"_ _1\"></span>ers<span class=\"_ _383\"> </span>This represen<span class=\"_ _6\"></span>ts saving product<span class=\"_ _6\"></span>s to corporations and local authorities<span class=\"_ _6\"></span>. The fair value of \ufb01x<span class=\"_ _6\"></span>ed rat<span class=\"_ _6\"></span>e deposits is estimated by discoun<span class=\"_ _6\"></span>ting future cash \ufb02ows at curr<span class=\"_ _6\"></span>ent mark<span class=\"_ _8\"></span>et rates of in<span class=\"_ _6\"></span>teres<span class=\"_ _6\"></span>t. Deposits at variable rates ar<span class=\"_ _6\"></span>e considered to be at curr<span class=\"_ _6\"></span>ent mark<span class=\"_ _8\"></span>et rates and the fair value is es<span class=\"_ _6\"></span>timated to be equal to carrying value<span class=\"_ _6\"></span>.<span class=\"_ _383\"> </span>Deb<span class=\"_ _1\"></span>t se<span class=\"_ _1\"></span>curiti<span class=\"_ _1\"></span>es in is<span class=\"_ _1\"></span>sue<span class=\"_ _383\"> </span>While the Group<span class=\"_ _8\"></span>\u2019<span class=\"_ _6\"></span>s debt securities in issue are lis<span class=\"_ _6\"></span>ted, the quoted prices for an individual note may no<span class=\"_ _6\"></span>t be indicative of the f<span class=\"_ _6\"></span>air value of the issue as a whole, due to the specialised natur<span class=\"_ _6\"></span>e of the mark<span class=\"_ _8\"></span>et in such instruments and the limited number o<span class=\"_ _6\"></span>f inv<span class=\"_ _6\"></span>estors participating in it. Fair value is not <span class=\"_ _383\">considered to be materially diff</span><span class=\"_ _6\"></span>erent to carrying v<span class=\"_ _6\"></span>alue.<span class=\"_ _383\"> </span>Oth<span class=\"_ _1\"></span>er liabilities<span class=\"_ _383\"> </span>Other liabilities disclosed in the table abov<span class=\"_ _6\"></span>e ex<span class=\"_ _6\"></span>clude deferr<span class=\"_ _6\"></span>ed income and the fair value is considered to be equal t<span class=\"_ _6\"></span>o carrying value.<span class=\"_ _383\"> </span>Subor<span class=\"_ _1\"></span>dinated liabilitie<span class=\"_ _1\"></span>s and PSB<span class=\"_ _1\"></span>s<span class=\"_ _383\"> </span>The fair value of subor<span class=\"_ _8\"></span>dinated liabilities is estimated by using quoted mark<span class=\"_ _8\"></span>et prices of similar instruments at the r<span class=\"_ _6\"></span>eporting date. The PSBs are lis<span class=\"_ _6\"></span>ted on the London S<span class=\"_ _6\"></span>tock Exchange with fair v<span class=\"_ _6\"></span>alue being the quoted mark<span class=\"_ _8\"></span>et price at the repor<span class=\"_ _1\"></span>ting date.<span class=\"_ _383\"> </span><span class=\"_ _383\">iii.\u2002Fair valu</span><span class=\"_ _1\"></span>e clas<span class=\"_ _1\"></span>si\ufb01c<span class=\"_ _1\"></span>atio<span class=\"_ _1\"></span>n<span class=\"_ _383\"> </span>The following t<span class=\"_ _6\"></span>ables provide an analysis o<span class=\"_ _6\"></span>f \ufb01nancial assets and \ufb01nancial liabilities measure<span class=\"_ _6\"></span>d at fair value in the Consolidated St<span class=\"_ _6\"></span>atement of Financial Position grouped int<span class=\"_ _6\"></span>o Le<span class=\"_ _6\"></span>vels 1 to 3 based on the degr<span class=\"_ _6\"></span>ee to which the fair value is observable:<span class=\"_ _383\"> </span>2022<span class=\"_ _383\"> </span>Carrying amount<span class=\"_ _383\"> </span>\u00a3m<span class=\"_ _383\"> </span>Principal amount<span class=\"_ _383\"> </span>\u00a3m<span class=\"_ _383\"> </span>Level<span class=\"_ _1\"></span> 1<span class=\"_ _1\"></span> \u00a3m<span class=\"_ _383\"> </span>Level<span class=\"_ _1\"></span> 2<span class=\"_ _1\"></span> \u00a3m<span class=\"_ _383\"> </span>Level<span class=\"_ _1\"></span> 3<span class=\"_ _1\"></span> \u00a3m<span class=\"_ _383\"> </span>To<span class=\"_ _1\"></span>t<span class=\"_ _2\"></span>a<span class=\"_ _1\"></span>l<span class=\"_ _2\"></span> \u00a3m<span class=\"_ _383\"> </span>Financial assets<span class=\"_ _30b\"> </span><span class=\"ls2\"> <span class=\"_ _11a\"> </span> <span class=\"_ _11a\"> </span> <span class=\"_ _11a\"> </span> <span class=\"_ _11a\"> </span> <span class=\"_ _11a\"> </span> </span>Inv<span class=\"_ _6\"></span>estment securities<span class=\"_ _336\"> </span><span class=\"ff2 ws6e\">150.<span class=\"_ _1\"></span>3<span class=\"_ _50\"> </span>15<span class=\"_ _1\"></span>0.5<span class=\"_ _91\"> </span><span class=\"ls6f ws75\">149.8<span class=\"_ _116\"> </span><span class=\"ls2 ws2\">\u2013 <span class=\"_ _d0\"> </span></span></span>0.5<span class=\"_ _50\"> </span>15<span class=\"_ _1\"></span>0.3<span class=\"_ _383\"> </span></span>Loans and adv<span class=\"_ _6\"></span>ances to customer<span class=\"_ _6\"></span>s<span class=\"_ _337\"> </span><span class=\"ff2 ws6e\">14.6<span class=\"_ _37\"> </span><span class=\"lsc4 wsc3\">1<span class=\"_ _2\"></span>7.<span class=\"_ _0\"></span>7<span class=\"_ _35\"> </span><span class=\"ls2 ws2\">\u2013 <span class=\"_ _20e\"> </span>\u2013 <span class=\"_ _59\"> </span></span></span>14.6<span class=\"_ _254\"> </span>14.<span class=\"_ _1\"></span>6<span class=\"_ _383\"> </span></span>Derivative asset<span class=\"_ _6\"></span>s<span class=\"_ _2a\"> </span><span class=\"ff2 ls1f ws1c\">888.<span class=\"_ _8\"></span>1<span class=\"_ _1fe\"> </span><span class=\"ls2 ws2\">15,662.6<span class=\"_ _1cc\"> </span>\u2013 <span class=\"_ _70\"> </span></span>888.<span class=\"_ _6\"></span>1<span class=\"_ _1cc\"> </span><span class=\"ls2 ws2\">\u2013 <span class=\"_ _70\"> </span></span>888.<span class=\"_ _6\"></span>1</span> <span class=\"_ _338\"> </span><span class=\"ff2 ls7e ws16\">1,05<span class=\"_ _1\"></span>3.0<span class=\"_ _ff\"> </span><span class=\"ls2c ws29\">15,830.8<span class=\"_ _5a\"> </span><span class=\"ls6f ws75\">149.8<span class=\"_ _50\"> </span><span class=\"ls1f ws1c\">888.1<span class=\"_ _d0\"> </span><span class=\"lsc3 wsc2\">1<span class=\"_ _1\"></span>5<span class=\"_ _2\"></span>.1<span class=\"_ _d\"> </span></span></span></span></span>1,0<span class=\"_ _1\"></span>53<span class=\"_ _1\"></span>.0<span class=\"_ _383\"> </span></span>Financial liabilities<span class=\"_ _339\"> </span><span class=\"ls2\"> <span class=\"_ _11a\"> </span> <span class=\"_ _11a\"> </span> <span class=\"_ _21a\"> </span> <span class=\"_ _11a\"> </span> <span class=\"_ _11a\"> </span> </span>Derivative liabilities<span class=\"_ _d4\"> </span><span class=\"ff2 ls2\">106.6<span class=\"_ _121\"> </span><span class=\"ls16c ws189\">9,<span class=\"_ _2\"></span>5<span class=\"_ _1\"></span>1<span class=\"_ _2\"></span>8<span class=\"_ _2\"></span>.<span class=\"_ _1\"></span>0<span class=\"_ _d9\"> </span></span>\u2013 <span class=\"_ _70\"> </span>106.6<span class=\"_ _1cc\"> </span>\u2013 <span class=\"_ _70\"> </span>106.6<span class=\"_ _383\"> </span></span>2021<span class=\"_ _383\"> </span>Carrying amount<span class=\"_ _383\"> </span>\u00a3m<span class=\"_ _383\"> </span>Principal amount<span class=\"_ _383\"> </span>\u00a3m<span class=\"_ _383\"> </span>Level 1<span class=\"_ _1\"></span> \u00a3m<span class=\"_ _383\"> </span>Level 2<span class=\"_ _1\"></span> \u00a3m<span class=\"_ _383\"> </span>Level 3<span class=\"_ _1\"></span> \u00a3m<span class=\"_ _383\"> </span>To<span class=\"_ _1\"></span>t<span class=\"_ _2\"></span>a<span class=\"_ _1\"></span>l<span class=\"_ _2\"></span> \u00a3m<span class=\"_ _383\"> </span>Financial assets<span class=\"_ _383\"> </span>Inv<span class=\"_ _6\"></span>estment securities<span class=\"_ _33a\"> </span><span class=\"lscc wscd\">168<span class=\"_ _1\"></span>.3<span class=\"_ _3b\"> </span>166<span class=\"_ _1\"></span>.<span class=\"_ _1\"></span>2<span class=\"_ _93\"> </span><span class=\"lsed wsf2\">1<span class=\"_ _1\"></span>5<span class=\"_ _1\"></span>2<span class=\"_ _2\"></span>.1<span class=\"_ _d0\"> </span><span class=\"ls9f wsbc\">15.<span class=\"_ _1\"></span>5<span class=\"_ _e5\"> </span>0.7<span class=\"_ _3b\"> </span></span></span>168.<span class=\"_ _1\"></span>3<span class=\"_ _383\"> </span></span>Loans and adv<span class=\"_ _6\"></span>ances to customer<span class=\"_ _6\"></span>s<span class=\"_ _b6\"> </span><span class=\"lsc8 wsc8\">1<span class=\"_ _2\"></span>7.<span class=\"_ _0\"></span>7<span class=\"_ _1c2\"> </span><span class=\"lsf8 wsfd\">1<span class=\"_ _2\"></span>9.<span class=\"_ _2\"></span>7<span class=\"_ _35\"> </span></span></span><span class=\"ls2\">\u2013 <span class=\"_ _20e\"> </span>\u2013 <span class=\"_ _61\"> </span><span class=\"lsc8 wsc8\">1<span class=\"_ _2\"></span>7.<span class=\"_ _0\"></span>7<span class=\"_ _15e\"> </span>1<span class=\"_ _2\"></span>7.<span class=\"_ _0\"></span>7<span class=\"_ _383\"> </span></span></span>Derivative asset<span class=\"_ _6\"></span>s<span class=\"_ _22c\"> </span><span class=\"ls14 ws11\">185.<span class=\"_ _1\"></span>7<span class=\"_ _a5\"> </span><span class=\"lsc5 wsc4\">1<span class=\"_ _1\"></span>2<span class=\"_ _1\"></span>,9<span class=\"_ _1\"></span>6<span class=\"_ _2\"></span>8<span class=\"_ _1\"></span>.<span class=\"_ _2\"></span>3<span class=\"_ _d9\"> </span></span></span><span class=\"ls2\">\u2013 <span class=\"_ _50\"> </span><span class=\"ls14 ws11\">18<span class=\"_ _1\"></span>5.7<span class=\"_ _d9\"> </span></span>\u2013 <span class=\"_ _50\"> </span><span class=\"ls14 ws11\">185.7</span></span> <span class=\"_ _33b\"> </span><span class=\"ls12 wsf\">371.<span class=\"_ _1\"></span>7<span class=\"_ _9a\"> </span><span class=\"ls89 wscc\">1<span class=\"_ _1\"></span>3<span class=\"_ _2\"></span>,15<span class=\"_ _2\"></span>4.<span class=\"_ _2\"></span>2<span class=\"_ _9d\"> </span><span class=\"lsed wsf2\">15<span class=\"_ _1\"></span>2<span class=\"_ _2\"></span>.1<span class=\"_ _3d\"> </span><span class=\"ls9f wsbc\">20<span class=\"_ _1\"></span>1.<span class=\"_ _1\"></span>2<span class=\"_ _d0\"> </span><span class=\"lsd7 wsd7\">1<span class=\"_ _1\"></span>8<span class=\"_ _2\"></span>.4<span class=\"_ _2ab\"> </span></span></span></span></span>37<span class=\"_ _1\"></span>1.7<span class=\"_ _383\"> </span></span>Financial liabilities<span class=\"_ _383\"> </span>Derivative liabilities<span class=\"_ _c2\"> </span><span class=\"lsf8 wsfd\">1<span class=\"_ _1\"></span>9.<span class=\"_ _2\"></span>7<span class=\"_ _a1\"> </span><span class=\"ls2c ws29\">7<span class=\"_ _1f6\"></span>,378.0<span class=\"_ _1cc\"> </span><span class=\"ls2 ws2\">\u2013 <span class=\"_ _254\"> </span><span class=\"lsf8 wsfd\">1<span class=\"_ _2\"></span>9.<span class=\"_ _2\"></span>7<span class=\"_ _d9\"> </span></span>\u2013 <span class=\"_ _4f\"> </span><span class=\"lsf8 wsfd\">1<span class=\"_ _2\"></span>9.<span class=\"_ _2\"></span>7<span class=\"_ _383\"> </span></span></span></span></span>Le<span class=\"_ _6\"></span>vel 1:<span class=\"ff1\"> Fair values that ar<span class=\"_ _6\"></span>e based entir<span class=\"_ _6\"></span>ely on quoted mark<span class=\"_ _8\"></span>et prices (unadjusted) in an actively tr<span class=\"_ _6\"></span>aded mark<span class=\"_ _8\"></span>et for identical assets and liabilities </span>that the Group has the ability to access. V<span class=\"_ _1f6\"></span>aluation adjustments and block discounts are not applie<span class=\"_ _6\"></span>d to Le<span class=\"_ _6\"></span>vel 1 ins<span class=\"_ _6\"></span>truments<span class=\"_ _6\"></span>. Since valuations are based on readily available observable mark<span class=\"_ _8\"></span>et prices, this mak<span class=\"_ _8\"></span>es them most reliable, r<span class=\"_ _6\"></span>educes the need for management judgemen<span class=\"_ _6\"></span>t and estimation and also reduces the uncertainty associated with determining fair v<span class=\"_ _6\"></span>alues. Le<span class=\"_ _6\"></span>vel 2:<span class=\"ff1\"> Fair values that ar<span class=\"_ _6\"></span>e based on one or more quote<span class=\"_ _6\"></span>d prices in mark<span class=\"_ _6\"></span>ets that are not activ<span class=\"_ _6\"></span>e or for which all signi\ufb01can<span class=\"_ _6\"></span>t inputs are tak<span class=\"_ _8\"></span>en from </span>directly or indirectly observable mark<span class=\"_ _8\"></span>et data. These include valuation models used to calculate the pr<span class=\"_ _6\"></span>esent value o<span class=\"_ _6\"></span>f expected future c<span class=\"_ _6\"></span>ash \ufb02ows and may be employed either when no active mark<span class=\"_ _8\"></span>et exist<span class=\"_ _6\"></span>s or when there are no quot<span class=\"_ _6\"></span>ed prices available for similar instrumen<span class=\"_ _6\"></span>ts in activ<span class=\"_ _6\"></span>e mark<span class=\"_ _6\"></span>ets<span class=\"_ _6\"></span>. Le<span class=\"_ _6\"></span>vel 3: <span class=\"ff1\">Fair values f<span class=\"_ _6\"></span>or which any one or more signi\ufb01cant input is no<span class=\"_ _6\"></span>t based on observable mark<span class=\"_ _6\"></span>et data and the unobservable inputs have </span><span class=\"_ _383\">a signi\ufb01cant eff</span><span class=\"_ _6\"></span>ect on the instrument<span class=\"_ _6\"></span>\u2019<span class=\"_ _8\"></span>s fair value. V<span class=\"_ _1f6\"></span>aluation models that employ signi\ufb01cant unobservable inputs require a higher degr<span class=\"_ _6\"></span>ee of management judgement and es<span class=\"_ _6\"></span>timation in determining the fair v<span class=\"_ _6\"></span>alue. Management judgemen<span class=\"_ _6\"></span>t and estimation ar<span class=\"_ _6\"></span>e usually required f<span class=\"_ _6\"></span>or the selection of the appropriate v<span class=\"_ _6\"></span>aluation model to be used, determination of e<span class=\"_ _6\"></span>xpected future cash \ufb02o<span class=\"_ _8\"></span>ws on the \ufb01nancial instruments being valued, determination of the pr<span class=\"_ _6\"></span>obability of counterparty default and pr<span class=\"_ _6\"></span>epayments<span class=\"_ _6\"></span>, determination of e<span class=\"_ _6\"></span>xpected volatilities and correlations and the selection of appropriate discoun<span class=\"_ _6\"></span>t rates<span class=\"_ _6\"></span>. The following t<span class=\"_ _6\"></span>ables provide an analysis o<span class=\"_ _6\"></span>f \ufb01nancial assets and \ufb01nancial liabilities not measur<span class=\"_ _6\"></span>ed at fair value in the Consolidated St<span class=\"_ _6\"></span>atement of Financial Position grouped int<span class=\"_ _6\"></span>o Le<span class=\"_ _6\"></span>vels 1 to 3 based on the degr<span class=\"_ _6\"></span>ee to which the fair value is observable:<span class=\"_ _383\"> </span>2022<span class=\"_ _383\"> </span>Carrying amount<span class=\"_ _383\"> </span>\u00a3m<span class=\"_ _383\"> </span>Principal amount<span class=\"_ _383\"> </span>\u00a3m<span class=\"_ _383\"> </span>Estimated fair value<span class=\"_ _383\"> </span>Level<span class=\"_ _1\"></span> 1<span class=\"_ _1\"></span> \u00a3m<span class=\"_ _383\"> </span>Level<span class=\"_ _1\"></span> 2<span class=\"_ _1\"></span> \u00a3m<span class=\"_ _383\"> </span>Level<span class=\"_ _1\"></span> 3<span class=\"_ _1\"></span> \u00a3m<span class=\"_ _383\"> </span>To<span class=\"_ _1\"></span>t<span class=\"_ _2\"></span>a<span class=\"_ _1\"></span>l<span class=\"_ _2\"></span> \u00a3m<span class=\"_ _383\"> </span>Financial assets<span class=\"_ _30b\"> </span><span class=\"ls2\"> <span class=\"_ _11a\"> </span> <span class=\"_ _11a\"> </span> <span class=\"_ _11a\"> </span> <span class=\"_ _11a\"> </span> <span class=\"_ _11a\"> </span> </span>Cash in hand<span class=\"_ _f0\"> </span><span class=\"ff2 ls81 wsdf\">0<span class=\"_ _1\"></span>.4<span class=\"_ _15c\"> </span>0<span class=\"_ _1\"></span>.4<span class=\"_ _d9\"> </span><span class=\"ls2 ws2\">\u2013 <span class=\"_ _61\"> </span></span>0<span class=\"_ _1\"></span>.4<span class=\"_ _d9\"> </span><span class=\"ls2 ws2\">\u2013 <span class=\"_ _61\"> </span></span>0<span class=\"_ _1\"></span>.4<span class=\"_ _383\"> </span></span>Loans and adv<span class=\"_ _6\"></span>ances to credit institutions<span class=\"_ _a\"> </span><span class=\"ff2 lsf9 ws82\">3,365.7<span class=\"_ _6c\"> </span><span class=\"ls2 ws2\">3,360.<span class=\"_ _8\"></span>9<span class=\"_ _1cc\"> </span>\u2013 <span class=\"_ _19f\"> </span><span class=\"lsf9 ws82\">3,365.7<span class=\"_ _116\"> </span></span>\u2013 <span class=\"_ _19f\"> </span><span class=\"lsf9 ws82\">3,365.7<span class=\"_ _383\"> </span></span></span></span>Inv<span class=\"_ _6\"></span>estment securities<span class=\"_ _17a\"> </span><span class=\"ff2 ls12 wsf\">262.<span class=\"_ _1\"></span>6<span class=\"_ _91\"> </span><span class=\"lsc3 wsc2\">2<span class=\"_ _1\"></span>6<span class=\"_ _2\"></span>2<span class=\"_ _1\"></span>.1<span class=\"_ _d9\"> </span><span class=\"ls2 ws2\">\u2013<span class=\"_ _8c\"> </span><span class=\"lsc9 wsc9\">26<span class=\"_ _1\"></span>0.5<span class=\"_ _1cc\"> </span></span>\u2013<span class=\"_ _98\"> </span><span class=\"lsc9 wsc9\">260.5<span class=\"_ _383\"> </span></span></span></span></span>Loans and adv<span class=\"_ _6\"></span>ances to customer<span class=\"_ _6\"></span>s<span class=\"_ _19c\"> </span><span class=\"ff2 lscd wsce\">23,598<span class=\"_ _1\"></span>.<span class=\"_ _6\"></span>1<span class=\"_ _fc\"> </span><span class=\"ls2 ws2\">23,646.2<span class=\"_ _116\"> </span>\u2013 <span class=\"_ _a5\"> </span><span class=\"ls7d wse2\">2,515.0<span class=\"_ _a2\"> </span><span class=\"ls14 ws11\">20,<span class=\"_ _1\"></span>231.0<span class=\"_ _fc\"> </span><span class=\"ls7e ws16\">22,7<span class=\"_ _1\"></span>46<span class=\"_ _1\"></span>.0<span class=\"_ _383\"> </span></span></span></span></span></span>Other assets1<span class=\"_ _383\"> </span>1.8<span class=\"_ _8b\"> </span>1.8<span class=\"_ _d9\"> </span><span class=\"ls2 ws2\">\u2013 <span class=\"_ _b2\"> </span></span>1.8<span class=\"_ _1cc\"> </span><span class=\"ls2 ws2\">\u2013 <span class=\"_ _63\"> </span></span>1.8 <span class=\"_ _2ae\"> </span><span class=\"ff2 lse4 wse9\">2<span class=\"_ _2\"></span>7,<span class=\"_ _3\"> </span>2<span class=\"_ _2\"></span>2<span class=\"_ _0\"> </span>8<span class=\"_ _0\"></span>.<span class=\"_ _0\"></span>6<span class=\"_ _88\"> </span><span class=\"lse3 wse7\">27<span class=\"_ _8\"></span>,271.4<span class=\"_ _1cc\"> </span><span class=\"ls2 ws2\">\u2013<span class=\"_ _121\"> </span><span class=\"ls2c ws29\">6,<span class=\"_ _6\"></span>143.<span class=\"_ _6\"></span>4<span class=\"_ _a2\"> </span><span class=\"ls14 ws11\">20,<span class=\"_ _1\"></span>231.0<span class=\"_ _a2\"> </span><span class=\"ls81 wsdf\">2<span class=\"_ _1\"></span>6<span class=\"_ _1\"></span>,<span class=\"_ _1\"></span>3<span class=\"_ _1\"></span>7<span class=\"_ _1\"></span>4<span class=\"_ _1\"></span>.4<span class=\"_ _383\"> </span></span></span></span></span></span></span>Financial liabilities<span class=\"_ _339\"> </span><span class=\"ls2\"> <span class=\"_ _11a\"> </span> <span class=\"_ _11a\"> </span> <span class=\"_ _21a\"> </span> <span class=\"_ _11a\"> </span> <span class=\"_ _11a\"> </span> </span>Amounts o<span class=\"_ _6\"></span>wed to r<span class=\"_ _6\"></span>etail depositor<span class=\"_ _6\"></span>s<span class=\"_ _19a\"> </span><span class=\"ff2 lsd3 ws86\">19<span class=\"_ _1f6\"></span>,755.8<span class=\"_ _67\"> </span><span class=\"ls11 ws6e\">19<span class=\"_ _6\"></span>,620.8<span class=\"_ _d9\"> </span><span class=\"ls2 ws2\">\u2013<span class=\"_ _6c\"> </span><span class=\"lse5 wsea\">5,<span class=\"_ _1\"></span>7<span class=\"_ _2\"></span>70.<span class=\"_ _1\"></span>3<span class=\"_ _a6\"> </span><span class=\"lscd wsce\">13,922.7<span class=\"_ _67\"> </span><span class=\"ls16c ws189\">1<span class=\"_ _2\"></span>9,<span class=\"_ _1\"></span>6<span class=\"_ _2\"></span>9<span class=\"_ _2\"></span>3<span class=\"_ _1\"></span>.<span class=\"_ _2\"></span>0<span class=\"_ _383\"> </span></span></span></span></span></span></span>Amounts o<span class=\"_ _6\"></span>wed to cr<span class=\"_ _6\"></span>edit institutions<span class=\"_ _ae\"> </span><span class=\"ff2 lsc5 wsc4\">5<span class=\"_ _1\"></span>,<span class=\"_ _1\"></span>0<span class=\"_ _1\"></span>9<span class=\"_ _1\"></span>2<span class=\"_ _2\"></span>.9<span class=\"_ _d\"> </span><span class=\"lsc4 wsc3\">5<span class=\"_ _0\"></span>,<span class=\"_ _2\"></span>0<span class=\"_ _0\"> </span>5<span class=\"_ _0\"></span>7.<span class=\"_ _0\"></span>8<span class=\"_ _35\"> </span><span class=\"ls2 ws2\">\u2013 <span class=\"_ _aa\"> </span></span></span>5<span class=\"_ _1\"></span>,<span class=\"_ _1\"></span>0<span class=\"_ _2\"></span>9<span class=\"_ _1\"></span>2<span class=\"_ _2\"></span>.9<span class=\"_ _d9\"> </span><span class=\"ls2 ws2\">\u2013 <span class=\"_ _aa\"> </span></span>5<span class=\"_ _1\"></span>,<span class=\"_ _1\"></span>0<span class=\"_ _1\"></span>9<span class=\"_ _1\"></span>2<span class=\"_ _2\"></span>.9<span class=\"_ _383\"> </span></span>Amounts o<span class=\"_ _6\"></span>wed to o<span class=\"_ _6\"></span>ther customer<span class=\"_ _6\"></span>s<span class=\"_ _102\"> </span><span class=\"ff2 lsc3 wsc2\">11<span class=\"_ _1\"></span>3<span class=\"_ _2\"></span>.1<span class=\"_ _93\"> </span>1<span class=\"_ _1\"></span>1<span class=\"_ _1\"></span>2<span class=\"_ _2\"></span>.1<span class=\"_ _d9\"> </span><span class=\"ls2 ws2\">\u2013 <span class=\"_ _20e\"> </span>\u2013 <span class=\"_ _3d\"> </span></span>1<span class=\"_ _1\"></span>1<span class=\"_ _2\"></span>3<span class=\"_ _1\"></span>.1<span class=\"_ _9d\"> </span>11<span class=\"_ _2\"></span>3<span class=\"_ _1\"></span>.1<span class=\"_ _383\"> </span></span>Debt securities in issue<span class=\"_ _2b0\"> </span><span class=\"ff2 lsc5 wsc4\">2<span class=\"_ _2\"></span>6<span class=\"_ _1\"></span>5<span class=\"_ _1\"></span>.9<span class=\"_ _86\"> </span><span class=\"ls81 wsdf\">2<span class=\"_ _1\"></span>6<span class=\"_ _1\"></span>5<span class=\"_ _1\"></span>.4<span class=\"_ _d9\"> </span><span class=\"ls2 ws2\">\u2013 <span class=\"_ _122\"> </span></span></span>2<span class=\"_ _1\"></span>6<span class=\"_ _1\"></span>5<span class=\"_ _1\"></span>.9<span class=\"_ _d9\"> </span><span class=\"ls2 ws2\">\u2013 <span class=\"_ _74\"> </span></span>26<span class=\"_ _2\"></span>5<span class=\"_ _1\"></span>.9<span class=\"_ _383\"> </span></span>Other liabilities2<span class=\"_ _383\"> </span>3<span class=\"_ _1\"></span>8<span class=\"_ _2\"></span>.1<span class=\"_ _4f\"> </span>3<span class=\"_ _2\"></span>8<span class=\"_ _1\"></span>.1<span class=\"_ _d9\"> </span><span class=\"ls2 ws2\">\u2013 <span class=\"_ _59\"> </span></span>3<span class=\"_ _1\"></span>8<span class=\"_ _2\"></span>.1<span class=\"_ _d9\"> </span><span class=\"ls2 ws2\">\u2013 <span class=\"_ _2ab\"> </span></span>3<span class=\"_ _2\"></span>8<span class=\"_ _2\"></span>.1<span class=\"_ _383\"> </span>Subordinated liabilities<span class=\"_ _300\"> </span><span class=\"ff2 ls2\">\u2013 <span class=\"_ _3f\"> </span>\u2013 <span class=\"_ _20e\"> </span>\u2013 <span class=\"_ _3f\"> </span>\u2013 <span class=\"_ _20e\"> </span>\u2013 <span class=\"_ _3f\"> </span>\u2013 </span>PSBs<span class=\"_ _2b1\"> </span><span class=\"ff2 lscd wsce\">15.2<span class=\"_ _55\"> </span><span class=\"ls7e ws16\">15.0<span class=\"_ _55\"> </span>14.0<span class=\"_ _1cc\"> </span><span class=\"ls2 ws2\">\u2013 <span class=\"_ _3f\"> </span>\u2013 <span class=\"_ _5c\"> </span></span>14.0</span></span> <span class=\"_ _2ae\"> </span><span class=\"ff2 ls14 ws11\">25<span class=\"_ _1\"></span>,2<span class=\"_ _1\"></span>81.0<span class=\"_ _1fe\"> </span><span class=\"lsc6 wsc5\">2<span class=\"_ _2\"></span>5<span class=\"_ _2\"></span>,1<span class=\"_ _2\"></span>0<span class=\"_ _2\"></span>9.<span class=\"_ _2\"></span>2<span class=\"_ _254\"> </span><span class=\"ls7e ws16\">14.0<span class=\"_ _6e\"> </span><span class=\"lsc4 wsc3\">1<span class=\"_ _2\"></span>1<span class=\"_ _0\"></span>,<span class=\"_ _1\"></span>1<span class=\"_ _0\"></span>6<span class=\"_ _2\"></span>7.<span class=\"_ _0\"></span>2<span class=\"_ _67\"> </span><span class=\"lsd3 ws86\">14,035<span class=\"_ _6\"></span>.8<span class=\"_ _67\"> </span><span class=\"lsc4 wsc3\">2<span class=\"_ _0\"> </span>5<span class=\"_ _0\"></span>,<span class=\"_ _3\"> </span>2<span class=\"_ _2\"></span>1<span class=\"_ _0\"></span>7.<span class=\"_ _2\"></span>0<span class=\"_ _383\"> </span></span></span></span></span></span></span>1.<span class=\"_ _6\"></span> <span class=\"_ _41\"> </span>Balance ex<span class=\"_ _6\"></span>cludes prepa<span class=\"_ _6\"></span>yments.<span class=\"_ _383\"> </span>2. <span class=\"_ _149\"> </span>Balance exc<span class=\"_ _6\"></span>ludes defer<span class=\"_ _6\"></span>red income.<span class=\"_ _383\"> </span>2021<span class=\"_ _383\"> </span>Carrying amount<span class=\"_ _383\"> </span>\u00a3m<span class=\"_ _383\"> </span>Principal amount<span class=\"_ _383\"> </span>\u00a3m<span class=\"_ _383\"> </span>Estimated fair v<span class=\"_ _6\"></span>alue<span class=\"_ _383\"> </span>Level 1<span class=\"_ _1\"></span> \u00a3m<span class=\"_ _383\"> </span>Level 2<span class=\"_ _1\"></span> \u00a3m<span class=\"_ _383\"> </span>Level 3<span class=\"_ _1\"></span> \u00a3m<span class=\"_ _383\"> </span>To<span class=\"_ _1\"></span>t<span class=\"_ _2\"></span>a<span class=\"_ _1\"></span>l<span class=\"_ _2\"></span> \u00a3m<span class=\"_ _383\"> </span>Financial assets<span class=\"_ _383\"> </span>Cash in hand<span class=\"_ _2b4\"> </span><span class=\"ls9f wsbc\">0.5<span class=\"_ _15e\"> </span>0.5<span class=\"_ _d9\"> </span></span><span class=\"ls2\">\u2013 <span class=\"_ _37\"> </span><span class=\"ls9f wsbc\">0.5<span class=\"_ _d9\"> </span></span>\u2013 <span class=\"_ _37\"> </span><span class=\"ls9f wsbc\">0.5<span class=\"_ _383\"> </span></span></span>Loans and adv<span class=\"_ _6\"></span>ances to credit institutions<span class=\"_ _128\"> </span><span class=\"ls2c ws29\">2,843.6<span class=\"_ _6e\"> </span>2,843.6<span class=\"_ _1cc\"> </span></span><span class=\"ls2\">\u2013 <span class=\"_ _a5\"> </span><span class=\"ls2c ws29\">2,843.6<span class=\"_ _1cc\"> </span></span>\u2013 <span class=\"_ _89\"> </span><span class=\"ls2c ws29\">2,843.6<span class=\"_ _383\"> </span></span></span>Inv<span class=\"_ _6\"></span>estment securities<span class=\"_ _29f\"> </span><span class=\"lsed wsf2\">3<span class=\"_ _1\"></span>2<span class=\"_ _2\"></span>3<span class=\"_ _1\"></span>.1<span class=\"_ _3e\"> </span><span class=\"ls86 wsf1\">3<span class=\"_ _2\"></span>2<span class=\"_ _1\"></span>2<span class=\"_ _2\"></span>.9<span class=\"_ _d9\"> </span></span></span><span class=\"ls2\">\u2013 <span class=\"_ _70\"> </span><span class=\"ls54 ws55\">323.8<span class=\"_ _d9\"> </span></span>\u2013 <span class=\"_ _70\"> </span><span class=\"ls54 ws55\">323.8<span class=\"_ _383\"> </span></span></span>Loans and adv<span class=\"_ _6\"></span>ances to customer<span class=\"_ _6\"></span>s<span class=\"_ _33c\"> </span><span class=\"lsc9 wsc9\">21,0<span class=\"_ _1\"></span>62.6<span class=\"_ _66\"> </span><span class=\"lsd5 wsd5\">2<span class=\"_ _2\"></span>1<span class=\"_ _1\"></span>,<span class=\"_ _1\"></span>0<span class=\"_ _1\"></span>76<span class=\"_ _2\"></span>.<span class=\"_ _1\"></span>7<span class=\"_ _35\"> </span></span></span><span class=\"ls2\">\u2013 <span class=\"_ _a5\"> </span><span class=\"ls2c ws29\">3,323.0<span class=\"_ _66\"> </span><span class=\"ls6f ws75\">17<span class=\"_ _9\"></span>,7<span class=\"_ _1\"></span>56.5<span class=\"_ _6c\"> </span><span class=\"lsf8 wsfd\">2<span class=\"_ _2\"></span>1<span class=\"_ _1\"></span>,<span class=\"_ _2\"></span>0<span class=\"_ _1\"></span>7<span class=\"_ _2\"></span>9.<span class=\"_ _2\"></span>5<span class=\"_ _383\"> </span></span></span></span></span>Other assets1<span class=\"_ _383\"> </span>0<span class=\"_ _1\"></span>.9<span class=\"_ _8b\"> </span>0<span class=\"_ _1\"></span>.9<span class=\"_ _35\"> </span><span class=\"ls2 ws2\">\u2013 <span class=\"_ _57\"> </span></span>0<span class=\"_ _1\"></span>.9<span class=\"_ _d9\"> </span><span class=\"ls2 ws2\">\u2013 <span class=\"_ _b2\"> </span></span>0<span class=\"_ _1\"></span>.9 <span class=\"_ _79\"> </span><span class=\"ls88 wse3\">24,2<span class=\"_ _1\"></span>3<span class=\"_ _1\"></span>0.7<span class=\"_ _aa\"> </span>24,2<span class=\"_ _1\"></span>44.<span class=\"_ _1\"></span>6<span class=\"_ _d9\"> </span></span>\u2013 <span class=\"_ _6e\"> </span><span class=\"lsd7 wsd7\">6<span class=\"_ _2\"></span>,4<span class=\"_ _1\"></span>9<span class=\"_ _2\"></span>1<span class=\"_ _1\"></span>.<span class=\"_ _1\"></span>8<span class=\"_ _d\"> </span><span class=\"ls6f ws75\">17<span class=\"_ _9\"></span>,7<span class=\"_ _1\"></span>56.5<span class=\"_ _fd\"> </span><span class=\"lscd wsce\">24,24<span class=\"_ _1\"></span>8.3<span class=\"_ _383\"> </span></span></span></span>Financial liabilities<span class=\"_ _383\"> </span>Amounts o<span class=\"_ _6\"></span>wed to r<span class=\"_ _6\"></span>etail depositor<span class=\"_ _6\"></span>s<span class=\"_ _95\"> </span><span class=\"lsc8 wsc8\">1<span class=\"_ _2\"></span>7,<span class=\"_ _0\"></span>5<span class=\"_ _0\"></span>2<span class=\"_ _2\"></span>6<span class=\"_ _0\"></span>.<span class=\"_ _2\"></span>4<span class=\"_ _121\"> </span>1<span class=\"_ _2\"></span>7,<span class=\"_ _2\"></span>4<span class=\"_ _0\"></span>6<span class=\"_ _0\"></span>9<span class=\"_ _1\"></span>.<span class=\"_ _0\"></span>0<span class=\"_ _35\"> </span></span><span class=\"ls2\">\u2013 <span class=\"_ _d\"> </span><span class=\"lsff ws91\">6,601.3<span class=\"_ _1a\"> </span><span class=\"lsc5 wsc4\">1<span class=\"_ _2\"></span>0<span class=\"_ _1\"></span>,9<span class=\"_ _1\"></span>2<span class=\"_ _1\"></span>3<span class=\"_ _2\"></span>.<span class=\"_ _1\"></span>6<span class=\"_ _6e\"> </span><span class=\"lsc8 wsc8\">1<span class=\"_ _2\"></span>7,<span class=\"_ _0\"></span>5<span class=\"_ _0\"></span>2<span class=\"_ _2\"></span>4<span class=\"_ _0\"></span>.<span class=\"_ _1\"></span>9<span class=\"_ _383\"> </span></span></span></span></span>Amounts o<span class=\"_ _6\"></span>wed to cr<span class=\"_ _6\"></span>edit institutions<span class=\"_ _179\"> </span><span class=\"lsf8 wsfd\">4,<span class=\"_ _0\"></span>3<span class=\"_ _2\"></span>1<span class=\"_ _1\"></span>9.<span class=\"_ _2\"></span>6<span class=\"_ _76\"> </span><span class=\"ls2c ws29\">4,318.<span class=\"_ _6\"></span>5<span class=\"_ _1cc\"> </span><span class=\"ls2 ws2\">\u2013 <span class=\"_ _d2\"> </span><span class=\"lsf8 wsfd\">4<span class=\"_ _1\"></span>,<span class=\"_ _2\"></span>3<span class=\"_ _2\"></span>1<span class=\"_ _2\"></span>9.<span class=\"_ _2\"></span>6<span class=\"_ _35\"> </span></span>\u2013 <span class=\"_ _6b\"> </span><span class=\"lsf8 wsfd\">4<span class=\"_ _2\"></span>,<span class=\"_ _2\"></span>3<span class=\"_ _2\"></span>1<span class=\"_ _1\"></span>9.<span class=\"_ _2\"></span>6<span class=\"_ _383\"> </span></span></span></span></span>Amounts o<span class=\"_ _6\"></span>wed to o<span class=\"_ _6\"></span>ther customer<span class=\"_ _6\"></span>s<span class=\"_ _ef\"> </span><span class=\"ls14 ws11\">92.6<span class=\"_ _55\"> </span>92.5<span class=\"_ _d9\"> </span></span><span class=\"ls2\">\u2013 <span class=\"_ _20e\"> </span>\u2013 <span class=\"_ _5c\"> </span><span class=\"ls14 ws11\">92.6<span class=\"_ _55\"> </span>92.<span class=\"_ _1\"></span>6<span class=\"_ _383\"> </span></span></span>Debt securities in issue<span class=\"_ _2c6\"> </span><span class=\"ls9f wsbc\">460.3<span class=\"_ _50\"> </span>4<span class=\"_ _1\"></span>60.<span class=\"_ _1\"></span>2<span class=\"_ _d9\"> </span></span><span class=\"ls2\">\u2013 <span class=\"_ _74\"> </span><span class=\"ls9f wsbc\">4<span class=\"_ _1\"></span>60.3<span class=\"_ _d9\"> </span></span>\u2013 <span class=\"_ _83\"> </span><span class=\"ls9f wsbc\">46<span class=\"_ _1\"></span>0.3<span class=\"_ _383\"> </span></span></span>Other liabilities2<span class=\"_ _383\"> </span>28.8<span class=\"_ _55\"> </span>28.8<span class=\"_ _1cc\"> </span><span class=\"ls2 ws2\">\u2013 <span class=\"_ _e8\"> </span></span>28<span class=\"_ _1\"></span>.8<span class=\"_ _d9\"> </span><span class=\"ls2 ws2\">\u2013 <span class=\"_ _e8\"> </span></span>28.8<span class=\"_ _383\"> </span>Subordinated liabilities<span class=\"_ _17a\"> </span><span class=\"ls9f wsbc\">10.3<span class=\"_ _63\"> </span><span class=\"lsed wsf2\">1<span class=\"_ _2\"></span>0.1<span class=\"_ _d9\"> </span></span></span><span class=\"ls2\">\u2013 <span class=\"_ _3f\"> </span>\u2013 <span class=\"_ _9d\"> </span><span class=\"ls9f wsbc\">10.6<span class=\"_ _61\"> </span>10.6<span class=\"_ _383\"> </span></span></span>PSBs<span class=\"_ _10c\"> </span><span class=\"ls9f wsbc\">15.<span class=\"_ _1\"></span>2<span class=\"_ _61\"> </span></span>15.0<span class=\"_ _1b4\"> </span><span class=\"ls88 wse3\">14.<span class=\"_ _1\"></span>7<span class=\"_ _d9\"> </span><span class=\"ls2 ws2\">\u2013 <span class=\"_ _20e\"> </span>\u2013 <span class=\"_ _55\"> </span></span>14.<span class=\"_ _1\"></span>7</span> <span class=\"_ _33d\"> </span><span class=\"lsd7 wsd7\">2<span class=\"_ _1\"></span>2<span class=\"_ _1\"></span>,4<span class=\"_ _2\"></span>5<span class=\"_ _1\"></span>3<span class=\"_ _2\"></span>.<span class=\"_ _1\"></span>2<span class=\"_ _89\"> </span></span>22,394.<span class=\"_ _6\"></span>1<span class=\"_ _37\"> </span><span class=\"ls88 wse3\">1<span class=\"_ _1\"></span>4.7<span class=\"_ _40\"> </span><span class=\"ls9f wsbc\">11,<span class=\"_ _8\"></span>410.0<span class=\"_ _66\"> </span><span class=\"ls7a wsa1\">1<span class=\"_ _6\"></span>1,026.8<span class=\"_ _1a\"> </span><span class=\"lsd7 wsd7\">2<span class=\"_ _1\"></span>2<span class=\"_ _2\"></span>,4<span class=\"_ _1\"></span>5<span class=\"_ _1\"></span>1<span class=\"_ _1\"></span>.<span class=\"_ _1\"></span>5<span class=\"_ _383\"> </span></span></span></span></span>1.<span class=\"_ _6\"></span> <span class=\"_ _41\"> </span>Balance ex<span class=\"_ _6\"></span>cludes prepa<span class=\"_ _6\"></span>yments.<span class=\"_ _383\"> </span>2. <span class=\"_ _149\"> </span>Balance exc<span class=\"_ _6\"></span>ludes defer<span class=\"_ _6\"></span>red income.<span class=\"_ _383\"> </span>",
   "dimensions": {
    "concept": "ifrs-full:DisclosureOfFairValueMeasurementExplanatory",
    "language": "en",
    "entity": "scheme:213800ZBKL9BHSL2K459",
    "period": "2022-01-01T00:00:00/2023-01-01T00:00:00"
   }
  },
  "fact-512": {
   "value": "<span class=\"_ _383\">11.\u2002Share</span><span class=\"_ _1\"></span>-b<span class=\"_ _1\"></span>as<span class=\"_ _1\"></span>ed p<span class=\"_ _1\"></span>ayme<span class=\"_ _1\"></span>nts<span class=\"_ _383\"> </span>The Group oper<span class=\"_ _6\"></span>ates the follo<span class=\"_ _6\"></span>wing share-based schemes:<span class=\"_ _383\"> </span>Sharesave Scheme<span class=\"_ _383\"> </span>The Save As Y<span class=\"_ _1f6\"></span>ou Earn (SA<span class=\"_ _8\"></span>YE) or Sharesave Scheme is a share option scheme which is av<span class=\"_ _6\"></span>ailable to all UK<span class=\"_ _6\"></span>-based employees. The Sharesav<span class=\"_ _8\"></span>e S<span class=\"_ _1\"></span>cheme allows employees to pur<span class=\"_ _6\"></span>chase options by saving a \ufb01xed amoun<span class=\"_ _6\"></span>t of betw<span class=\"_ _6\"></span>een \u00a310 and \u00a3500 per month over a period o<span class=\"_ _6\"></span>f three years at the end of which the options<span class=\"_ _6\"></span>, subject to leaver pr<span class=\"_ _6\"></span>ovisions<span class=\"_ _6\"></span>, are usually e<span class=\"_ _6\"></span>xercisable<span class=\"_ _6\"></span>. If not ex<span class=\"_ _6\"></span>ercised, the amount sav<span class=\"_ _6\"></span>ed is returne<span class=\"_ _6\"></span>d to the employee. The Sharesav<span class=\"_ _6\"></span>e Scheme has been in operation since 2014 and an invit<span class=\"_ _6\"></span>ation to join the scheme is usually extended annually, with the option price calculated using the mid-mark<span class=\"_ _8\"></span>et price of an OSBG ordinary shar<span class=\"_ _6\"></span>e ov<span class=\"_ _6\"></span>er the three dealing days prior to the In<span class=\"_ _6\"></span>vitation Date and applying a discount of 20%.<span class=\"_ _383\"> </span>Def<span class=\"_ _1\"></span>err<span class=\"_ _1\"></span>ed S<span class=\"_ _1\"></span>hare B<span class=\"_ _1\"></span>onu<span class=\"_ _1\"></span>s Plan The DSBP applies to Ex<span class=\"_ _6\"></span>ecutive Direct<span class=\"_ _6\"></span>ors and certain senior managers with 50% of their performance bonuses to be def<span class=\"_ _6\"></span>erred in shares f<span class=\"_ _6\"></span>or three to sev<span class=\"_ _6\"></span>en years f<span class=\"_ _6\"></span>or Executive Dir<span class=\"_ _6\"></span>ectors and one year for senior manager<span class=\"_ _6\"></span>s. Ther<span class=\"_ _6\"></span>e are no further performance or vesting conditions attache<span class=\"_ _6\"></span>d to deferr<span class=\"_ _6\"></span>ed awar<span class=\"_ _6\"></span>ds for senior managers<span class=\"_ _8\"></span>, which also applies to Executive Director<span class=\"_ _6\"></span>s for aw<span class=\"_ _6\"></span>ards gr<span class=\"_ _6\"></span>anted fr<span class=\"_ _6\"></span>om April 2021; the share a<span class=\"_ _6\"></span>war<span class=\"_ _6\"></span>ds are subject to clawback pro<span class=\"_ _6\"></span>visions. The D<span class=\"_ _6\"></span>SBP awar<span class=\"_ _8\"></span>ds are expensed in the year services are received with a corresponding incr<span class=\"_ _6\"></span>ease in equity. Aw<span class=\"_ _8\"></span>ards grante<span class=\"_ _6\"></span>d to Executiv<span class=\"_ _6\"></span>e Directors in Mar<span class=\"_ _6\"></span>ch 202<span class=\"_ _6\"></span>0 and prior<span class=\"_ _8\"></span>, are subject to ves<span class=\"_ _6\"></span>ting conditions and are expensed o<span class=\"_ _6\"></span>ver the v<span class=\"_ _6\"></span>esting period. DSBP aw<span class=\"_ _6\"></span>ards f<span class=\"_ _6\"></span>or senior managers carry entitlemen<span class=\"_ _6\"></span>ts to dividend equivalen<span class=\"_ _6\"></span>ts, which ar<span class=\"_ _6\"></span>e paid when the awar<span class=\"_ _6\"></span>ds ves<span class=\"_ _6\"></span>t. DSBP aw<span class=\"_ _6\"></span>ards gr<span class=\"_ _6\"></span>anted fr<span class=\"_ _6\"></span>om April 2021 to Ex<span class=\"_ _6\"></span>ecutive Director<span class=\"_ _6\"></span>s are en<span class=\"_ _6\"></span>titled to dividend equivalent<span class=\"_ _6\"></span>s; awar<span class=\"_ _6\"></span>ds gran<span class=\"_ _6\"></span>ted in prior years w<span class=\"_ _6\"></span>ere not en<span class=\"_ _6\"></span>titled to dividend equivalen<span class=\"_ _6\"></span>ts. Performance Share Plan<span class=\"_ _6\"></span> Executive Dir<span class=\"_ _6\"></span>ectors and certain senior managers ar<span class=\"_ _6\"></span>e also eligible for a PSP awar<span class=\"_ _8\"></span>d based on per<span class=\"_ _1\"></span>formance conditions which ves<span class=\"_ _6\"></span>t in tranches o<span class=\"_ _6\"></span>ver three to se<span class=\"_ _6\"></span>ven years<span class=\"_ _8\"></span>.<span class=\"_ _1\"></span> The performance conditions that apply to PSP awar<span class=\"_ _6\"></span>ds from 2<span class=\"_ _6\"></span>020 are based on a combination of e<span class=\"_ _6\"></span>arnings per share (EPS) weigh<span class=\"_ _6\"></span>ting of 35%, total shareholder r<span class=\"_ _6\"></span>eturn (<span class=\"_ _1\"></span>TSR) 35%, risk<span class=\"_ _8\"></span>-based 15% and return on equity (ROE) 15%. Prior to 202<span class=\"_ _6\"></span>0, PSP a<span class=\"_ _6\"></span>war<span class=\"_ _6\"></span>ds wer<span class=\"_ _6\"></span>e based on a combination of EPS weigh<span class=\"_ _6\"></span>ting of 40%, TSR 40% and ROE 2<span class=\"_ _6\"></span>0%. The PSP conditions are assessed independently. The EPS elemen<span class=\"_ _6\"></span>t assesses the compound annual gro<span class=\"_ _6\"></span>wth rate o<span class=\"_ _6\"></span>ver the performance period, that is<span class=\"_ _6\"></span>, the annualised gro<span class=\"_ _6\"></span>wth from a base year 0 to \ufb01nal year 3<span class=\"_ _8\"></span>. For example, the 2<span class=\"_ _6\"></span>022 Aw<span class=\"_ _6\"></span>ard will measure the EPS gro<span class=\"_ _8\"></span>wth from 1 January 2021 to 31 December 2024<span class=\"_ _8\"></span>. For the TSR element, the Company\u2019<span class=\"_ _1f6\"></span>s ordinary shares r<span class=\"_ _6\"></span>elative performance is measured agains<span class=\"_ _6\"></span>t the FTSE 250 (<span class=\"_ _6\"></span>excluding in<span class=\"_ _8\"></span>vestment trus<span class=\"_ _6\"></span>ts). The risk<span class=\"_ _6\"></span>-based measure is assessed agains<span class=\"_ _6\"></span>t the risk management performance with regar<span class=\"_ _6\"></span>d to all rele<span class=\"_ _6\"></span>vant risk<span class=\"_ _8\"></span>s including, but not limited to, an assessment o<span class=\"_ _6\"></span>f regulatory risk<span class=\"_ _6\"></span>, operational risk<span class=\"_ _6\"></span>, conduct risk, liquidity risk, funding risk<span class=\"_ _6\"></span>, mark<span class=\"_ _6\"></span>et risk and credit risk<span class=\"_ _6\"></span>. For the ROE element, gro<span class=\"_ _8\"></span>wth rates are assessed agains<span class=\"_ _6\"></span>t the Group<span class=\"_ _8\"></span>\u2019<span class=\"_ _6\"></span>s underlying pro\ufb01t after tax<span class=\"_ _6\"></span>ation as a percentage o<span class=\"_ _6\"></span>f aver<span class=\"_ _6\"></span>age shareholders<span class=\"_ _1f6\"></span>\u2019 equity.<span class=\"_ _383\"> </span>The share-based e<span class=\"_ _6\"></span>xpense for the year includes a charge in r<span class=\"_ _6\"></span>espect of the Sharesav<span class=\"_ _6\"></span>e Scheme, D<span class=\"_ _6\"></span>SBP and PSP<span class=\"_ _8\"></span>. All charges are included in employee expenses within note 8 A<span class=\"_ _6\"></span>dministrativ<span class=\"_ _8\"></span><span class=\"_ _383\">e expenses.\u2003</span>The share-based payment e<span class=\"_ _6\"></span>xpense during the year comprised the follo<span class=\"_ _6\"></span>wing: 2022<span class=\"_ _383\"> </span>\u00a3m<span class=\"_ _383\"> </span>2021<span class=\"_ _383\"> </span>\u00a3m<span class=\"_ _383\"> </span>Sharesav<span class=\"_ _6\"></span>e Scheme<span class=\"_ _245\"> </span><span class=\"ff2 ws6e\">0.6<span class=\"_ _e5\"> </span></span><span class=\"ls9f wsbc\">0.7<span class=\"_ _383\"> </span></span>Deferred Shar<span class=\"_ _6\"></span>e Bonus Plan<span class=\"_ _246\"> </span><span class=\"ff2 ws6e\">4.2<span class=\"_ _e5\"> </span></span><span class=\"lsd3 ws86\">3.8<span class=\"_ _383\"> </span></span>Performance Share Plan<span class=\"_ _221\"> </span><span class=\"ff2 ls2c ws29\">3.3<span class=\"_ _15e\"> </span></span><span class=\"ls2\">2.2</span> <span class=\"_ _247\"> </span><span class=\"ff2 lsc3 wsc2\">8<span class=\"_ _1\"></span>.1<span class=\"_ _5f\"> </span></span><span class=\"lse3 wse7\">6<span class=\"_ _1\"></span>.7<span class=\"_ _383\"> </span></span>Mov<span class=\"_ _6\"></span>ements in the number of shar<span class=\"_ _6\"></span>e awar<span class=\"_ _8\"></span>ds and their weighted av<span class=\"_ _6\"></span>erage ex<span class=\"_ _6\"></span>ercise prices are set out belo<span class=\"_ _8\"></span>w:<span class=\"_ _383\"> </span>Sharesave Scheme<span class=\"_ _383\"> </span>Deferred Share Bonus Plan<span class=\"_ _383\"> </span>Performance Share Plan<span class=\"_ _383\"> </span>Number<span class=\"_ _383\"> </span>W<span class=\"_ _8\"></span>eighted average ex<span class=\"_ _6\"></span>ercise price, \u00a3<span class=\"_ _7f\"> </span><span class=\"ws71\">Number<span class=\"_ _7d\"> </span>Number<span class=\"_ _383\"> </span></span>At 1 January 2<span class=\"_ _6\"></span>022<span class=\"_ _248\"> </span><span class=\"ff2 ls22 ws1f\">2<span class=\"_ _1\"></span>,42<span class=\"_ _1\"></span>1<span class=\"_ _1\"></span>,<span class=\"_ _2\"></span>26<span class=\"_ _1\"></span>0<span class=\"_ _93\"> </span><span class=\"lse3 wse7\">2<span class=\"_ _1\"></span>.65<span class=\"_ _40\"> </span><span class=\"lse4 wse9\">7<span class=\"_ _2\"></span>9<span class=\"_ _0\"></span>7,<span class=\"_ _1\"></span>1<span class=\"_ _0\"></span>1<span class=\"_ _2\"></span>6<span class=\"_ _2f\"> </span><span class=\"ls2 ws2\">5,225,080<span class=\"_ _383\"> </span></span></span></span></span>Gran<span class=\"_ _6\"></span>ted<span class=\"_ _249\"> </span><span class=\"ff2 lscd wsce\">596,692<span class=\"_ _93\"> </span></span><span class=\"ff2\">4.2<span class=\"_ _1\"></span>9<span class=\"_ _89\"> </span><span class=\"ls89 wscc\">478<span class=\"_ _2\"></span>,9<span class=\"_ _1\"></span>0<span class=\"_ _1\"></span>1<span class=\"_ _1fe\"> </span><span class=\"lse3 wse7\">1,7<span class=\"_ _8\"></span>61,<span class=\"_ _6\"></span>174<span class=\"_ _383\"> </span></span></span></span>Exer<span class=\"_ _6\"></span>cised/<span class=\"_ _1\"></span>V<span class=\"_ _6\"></span>ested<span class=\"_ _24a\"> </span><span class=\"ff2 lsa wse4\">(62<span class=\"_ _1\"></span>4<span class=\"_ _1\"></span>,<span class=\"_ _1\"></span>6<span class=\"_ _1\"></span>6<span class=\"_ _1\"></span>4)<span class=\"_ _3d\"> </span><span class=\"lse5 wsea\">2<span class=\"_ _2\"></span>.67<span class=\"_ _aa\"> </span></span>(<span class=\"_ _1\"></span>5<span class=\"_ _1\"></span>11<span class=\"_ _1\"></span>,<span class=\"_ _1\"></span>0<span class=\"_ _1\"></span>3<span class=\"_ _1\"></span>4)<span class=\"_ _2f\"> </span><span class=\"ls14 ws11\">(1,181,<span class=\"_ _6\"></span>949)<span class=\"_ _383\"> </span></span></span>Forfeited<span class=\"_ _24b\"> </span><span class=\"ff2 ls14 ws11\">(245,316)<span class=\"_ _5a\"> </span><span class=\"ls7d wse2\">2.<span class=\"_ _1\"></span>82<span class=\"_ _83\"> </span><span class=\"ls1e ws43\">(1,5<span class=\"_ _1\"></span>93)<span class=\"_ _3a\"> </span><span class=\"lse0 wse0\">(<span class=\"_ _1\"></span>41<span class=\"_ _1\"></span>3<span class=\"_ _1\"></span>,<span class=\"_ _1\"></span>0<span class=\"_ _1\"></span>3<span class=\"_ _1\"></span>6)<span class=\"_ _383\"> </span></span></span></span></span>At 31 December 2022<span class=\"_ _24c\"> </span><span class=\"lse4 wse9\">2<span class=\"_ _0\"></span>,<span class=\"_ _1\"></span>1<span class=\"_ _0\"></span>4<span class=\"_ _2\"></span>7,<span class=\"_ _2\"></span>9<span class=\"_ _2\"></span>7<span class=\"_ _2\"></span>2<span class=\"_ _9d\"> </span><span class=\"ls2c ws29\">3.08<span class=\"_ _aa\"> </span><span class=\"lsf9 ws82\">7<span class=\"_ _6\"></span>63,390<span class=\"_ _24d\"> </span><span class=\"lse3 wse7\">5,391,<span class=\"_ _1\"></span>269<span class=\"_ _383\"> </span></span></span></span></span>Exer<span class=\"_ _6\"></span>cisable at:<span class=\"_ _24e\"> </span><span class=\"ff2 ls2\"> <span class=\"_ _11a\"> </span> <span class=\"_ _11a\"> </span> <span class=\"_ _21a\"> </span> </span>31 Dec<span class=\"_ _1\"></span>ember 2022<span class=\"_ _24f\"> </span><span class=\"ls2\">35,015<span class=\"_ _59\"> </span><span class=\"lsd3 ws86\">2.85<span class=\"_ _116\"> </span></span>\u2013<span class=\"_ _1cc\"> </span>\u2013<span class=\"_ _383\"> </span></span>At 1 January 2<span class=\"_ _6\"></span>021<span class=\"_ _251\"> </span><span class=\"ls79 wse8\">2,7<span class=\"_ _1\"></span>45,3<span class=\"_ _1\"></span>32<span class=\"_ _55\"> </span><span class=\"ls6f ws75\">2.53<span class=\"_ _a5\"> </span><span class=\"lsf8 wsfd\">1<span class=\"_ _2\"></span>,1<span class=\"_ _2\"></span>1<span class=\"_ _2\"></span>9,<span class=\"_ _1\"></span>7<span class=\"_ _0\"></span>5<span class=\"_ _1\"></span>7<span class=\"_ _36\"> </span><span class=\"lsc5 wsc4\">4<span class=\"_ _1\"></span>,9<span class=\"_ _2\"></span>8<span class=\"_ _1\"></span>6<span class=\"_ _1\"></span>,<span class=\"_ _2\"></span>52<span class=\"_ _2\"></span>7<span class=\"_ _383\"> </span></span></span></span></span>Gran<span class=\"_ _6\"></span>ted<span class=\"_ _23d\"> </span><span class=\"lsc9 wsc9\">3<span class=\"_ _1\"></span>39<span class=\"_ _6\"></span>,097<span class=\"_ _4f\"> </span><span class=\"ls86 wsf1\">3<span class=\"_ _2\"></span>.9<span class=\"_ _1\"></span>6<span class=\"_ _6c\"> </span><span class=\"lsd4 ws46\">363,624<span class=\"_ _6e\"> </span><span class=\"lsc7 ws7f\">1<span class=\"_ _1\"></span>,4<span class=\"_ _8\"></span>7<span class=\"_ _2\"></span>7<span class=\"_ _8\"></span>,111<span class=\"_ _383\"> </span></span></span></span></span>Exer<span class=\"_ _6\"></span>cised/<span class=\"_ _1\"></span>V<span class=\"_ _6\"></span>ested<span class=\"_ _252\"> </span><span class=\"ls88 wse3\">(270,<span class=\"_ _1\"></span>709<span class=\"_ _1\"></span>)<span class=\"_ _9d\"> </span><span class=\"lsed wsf2\">3<span class=\"_ _1\"></span>.1<span class=\"_ _1\"></span>0<span class=\"_ _aa\"> </span><span class=\"lsd7 wsd7\">(6<span class=\"_ _2\"></span>8<span class=\"_ _1\"></span>3<span class=\"_ _2\"></span>,4<span class=\"_ _1\"></span>5<span class=\"_ _1\"></span>6<span class=\"_ _1\"></span>)<span class=\"_ _fd\"> </span><span class=\"lscd wsce\">(513,927<span class=\"_ _1\"></span>)<span class=\"_ _383\"> </span></span></span></span></span>Forfeited<span class=\"_ _1d0\"> </span><span class=\"ls2 ws2\">(392,<span class=\"_ _6\"></span>460)<span class=\"_ _3b\"> </span><span class=\"ls7a wsa1\">2.63<span class=\"_ _74\"> </span><span class=\"lsc7 ws7f\">(2<span class=\"_ _1\"></span>,<span class=\"_ _1\"></span>8<span class=\"_ _1\"></span>0<span class=\"_ _1\"></span>9)<span class=\"_ _1fe\"> </span><span class=\"ls7d wse2\">(<span class=\"_ _1\"></span>724,631)<span class=\"_ _383\"> </span></span></span></span></span>At 31 December 2021<span class=\"_ _253\"> </span><span class=\"lsd7 wsd7\">2<span class=\"_ _1\"></span>,4<span class=\"_ _1\"></span>2<span class=\"_ _1\"></span>1<span class=\"_ _1\"></span>,<span class=\"_ _2\"></span>2<span class=\"_ _1\"></span>6<span class=\"_ _2\"></span>0<span class=\"_ _55\"> </span><span class=\"ls14 ws11\">2.65<span class=\"_ _94\"> </span><span class=\"lsc8 wsc8\">7<span class=\"_ _0\"></span>9<span class=\"_ _2\"></span>7,<span class=\"_ _2\"></span>1<span class=\"_ _2\"></span>1<span class=\"_ _0\"></span>6<span class=\"_ _b4\"> </span><span class=\"ls7a wsa1\">5,<span class=\"_ _1\"></span>225,080<span class=\"_ _383\"> </span></span></span></span></span>Exer<span class=\"_ _6\"></span>cisable at:<span class=\"_ _24e\"> </span><span class=\"ls2\"> <span class=\"_ _21a\"> </span> <span class=\"_ _11a\"> </span> <span class=\"_ _21a\"> </span> </span>31 December 2021<span class=\"_ _23c\"> </span><span class=\"ls2c ws29\">8,<span class=\"_ _6\"></span>480<span class=\"_ _254\"> </span><span class=\"ls12 wsf\">3.<span class=\"_ _1\"></span>37<span class=\"_ _d9\"> </span><span class=\"ls2 ws2\">\u2013<span class=\"_ _1cc\"> </span>\u2013<span class=\"_ _383\"> </span></span></span></span>For the share-based aw<span class=\"_ _6\"></span>ards gr<span class=\"_ _6\"></span>anted during the year<span class=\"_ _1f6\"></span>, the weighted av<span class=\"_ _8\"></span>erage grant date f<span class=\"_ _6\"></span>air value w<span class=\"_ _6\"></span>as 396 pence (<span class=\"_ _6\"></span>2021: 286 pence). The range of e<span class=\"_ _6\"></span>xer<span class=\"_ _6\"></span>cise prices and weighte<span class=\"_ _6\"></span>d aver<span class=\"_ _6\"></span>age remaining contr<span class=\"_ _6\"></span>actual life of outs<span class=\"_ _6\"></span>tanding aw<span class=\"_ _6\"></span>ards are as f<span class=\"_ _6\"></span>ollows:<span class=\"_ _383\"> </span>Exercise price<span class=\"_ _383\"> </span>2022<span class=\"_ _a0\"> </span><span class=\"ff1\">2021<span class=\"_ _383\"> </span></span>Number<span class=\"_ _383\"> </span>W<span class=\"_ _8\"></span>eighted average remaining contractual life (years)<span class=\"_ _70\"> </span><span class=\"ff1 ws71\">Number<span class=\"_ _383\"> </span></span>W<span class=\"_ _8\"></span>eighted aver<span class=\"_ _6\"></span>age remaining contractual lif<span class=\"_ _6\"></span>e (years)<span class=\"_ _383\"> </span>Sharesave Scheme<span class=\"_ _255\"> </span><span class=\"ls2\"> <span class=\"_ _11a\"> </span> </span>229 \u2013 429 pence (2<span class=\"_ _6\"></span>021: 227 \u2013 335 pence)<span class=\"_ _22c\"> </span><span class=\"ff2 lse4 wse9\">2<span class=\"_ _2\"></span>,<span class=\"_ _2\"></span>1<span class=\"_ _2\"></span>4<span class=\"_ _2\"></span>7,<span class=\"_ _2\"></span>9<span class=\"_ _2\"></span>7<span class=\"_ _2\"></span>2<span class=\"_ _52\"> </span><span class=\"ls14 ws11\">1.8<span class=\"_ _36\"> </span></span></span><span class=\"lsd7 wsd7\">2<span class=\"_ _2\"></span>,42<span class=\"_ _2\"></span>1<span class=\"_ _1\"></span>,<span class=\"_ _2\"></span>2<span class=\"_ _1\"></span>6<span class=\"_ _1\"></span>0<span class=\"_ _e5\"> </span></span><span class=\"ws6e\">2.0<span class=\"_ _383\"> </span></span>Deferred Share Bonus Plan<span class=\"_ _72\"> </span><span class=\"ls2\"> <span class=\"_ _11a\"> </span> </span>Nil<span class=\"_ _256\"> </span><span class=\"ff2 lsf9 ws82\">7<span class=\"_ _8\"></span>63,390<span class=\"_ _15c\"> </span><span class=\"lsc5 wsc4\">0<span class=\"_ _1\"></span>.9<span class=\"_ _94\"> </span><span class=\"ff1 lsc8 wsc8\">7<span class=\"_ _0\"></span>9<span class=\"_ _0\"></span>7,<span class=\"_ _2\"></span>1<span class=\"_ _2\"></span>1<span class=\"_ _0\"></span>6<span class=\"_ _90\"> </span><span class=\"ls9f wsbc\">0.7<span class=\"_ _383\"> </span></span></span></span></span>Performance Share Plan<span class=\"_ _257\"> </span><span class=\"ls2\"> <span class=\"_ _11a\"> </span> </span>Nil<span class=\"_ _258\"> </span><span class=\"ff2 lse3 wse7\">5,391,<span class=\"_ _1\"></span>269<span class=\"_ _15c\"> </span><span class=\"lscd wsce\">2<span class=\"_ _1\"></span>.7<span class=\"_ _15\"> </span></span></span><span class=\"ls7a wsa1\">5,225,080<span class=\"_ _8b\"> </span><span class=\"lsd7 wsd7\">2<span class=\"_ _1\"></span>.4</span></span> <span class=\"_ _11b\"> </span><span class=\"ff2 lsf9 ws82\">8,302,631<span class=\"_ _63\"> </span><span class=\"ls73 ws7a\">2.3<span class=\"_ _a3\"> </span></span></span><span class=\"lsd7 wsd7\">8<span class=\"_ _1\"></span>,4<span class=\"_ _2\"></span>4<span class=\"_ _1\"></span>3<span class=\"_ _2\"></span>,4<span class=\"_ _1\"></span>5<span class=\"_ _2\"></span>6<span class=\"_ _ce\"> </span><span class=\"lsed wsf2\">2<span class=\"_ _1\"></span>.1<span class=\"_ _383\"> </span></span></span>Sharesave Scheme <span class=\"_ _91\"> </span><span class=\"ff2 lse ws71\">2022<span class=\"_ _18d\"> </span><span class=\"ff1\">2021<span class=\"_ _20e\"> </span><span class=\"ls69 ws70\">2020<span class=\"_ _1b5\"> </span></span>2019<span class=\"_ _120\"> </span>2<span class=\"_ _6\"></span>018<span class=\"_ _259\"> </span>2017<span class=\"_ _383\"> </span></span></span>Contractual lif<span class=\"_ _6\"></span>e, year<span class=\"_ _6\"></span>s<span class=\"_ _115\"> </span><span class=\"ff2 ls2\">3<span class=\"_ _5f\"> </span><span class=\"ff1\">3<span class=\"_ _52\"> </span>3<span class=\"_ _90\"> </span>5<span class=\"_ _90\"> </span>3<span class=\"_ _90\"> </span>5<span class=\"_ _90\"> </span>3<span class=\"_ _90\"> </span>5<span class=\"_ _5f\"> </span>5<span class=\"_ _383\"> </span></span></span>Share price at issue, \u00a3<span class=\"_ _25a\"> </span><span class=\"ff2 ws6e\">4.2<span class=\"_ _1\"></span>0<span class=\"_ _3e\"> </span></span><span class=\"lsed wsf2\">5<span class=\"_ _1\"></span>.1<span class=\"_ _1\"></span>3<span class=\"_ _86\"> </span></span><span class=\"ls2\">2.86<span class=\"_ _86\"> </span>2.86<span class=\"_ _98\"> </span><span class=\"ls7d wse2\">3.32<span class=\"_ _86\"> </span>3.32<span class=\"_ _18d\"> </span><span class=\"lsed wsf2\">4<span class=\"_ _1\"></span>.1<span class=\"_ _1\"></span>9<span class=\"_ _3d\"> </span>4.1<span class=\"_ _2\"></span>9<span class=\"_ _50\"> </span><span class=\"ls86 wsf1\">3<span class=\"_ _2\"></span>.9<span class=\"_ _1\"></span>3<span class=\"_ _383\"> </span></span></span></span></span>Exer<span class=\"_ _6\"></span>cise price, \u00a3<span class=\"_ _155\"> </span><span class=\"ff2 ws6e\">4.<span class=\"_ _1\"></span>29<span class=\"_ _50\"> </span></span><span class=\"ls86 wsf1\">3<span class=\"_ _2\"></span>.9<span class=\"_ _1\"></span>6<span class=\"_ _86\"> </span></span><span class=\"ls2\">2.2<span class=\"_ _1\"></span>9<span class=\"_ _98\"> </span>2.2<span class=\"_ _1\"></span>9<span class=\"_ _98\"> </span><span class=\"ls14 ws11\">2.65<span class=\"_ _86\"> </span>2.65<span class=\"_ _98\"> </span><span class=\"ls2c ws29\">3.35<span class=\"_ _98\"> </span>3.<span class=\"_ _1\"></span>35<span class=\"_ _3e\"> </span><span class=\"lsed wsf2\">3<span class=\"_ _1\"></span>.1<span class=\"_ _1\"></span>5<span class=\"_ _383\"> </span></span></span></span></span>Expected volatility, %<span class=\"_ _21a\"> </span><span class=\"ff2 ls14 ws11\">31.4<span class=\"_ _91\"> </span></span><span class=\"lsc8 wsc8\">3<span class=\"_ _0\"></span>7.<span class=\"_ _2\"></span>9<span class=\"_ _18d\"> </span>5<span class=\"_ _2\"></span>7.<span class=\"_ _0\"></span>6<span class=\"_ _18d\"> </span>5<span class=\"_ _2\"></span>7.<span class=\"_ _0\"> </span>6<span class=\"_ _3b\"> </span><span class=\"ls86 wsf1\">3<span class=\"_ _2\"></span>1<span class=\"_ _1\"></span>.9<span class=\"_ _3d\"> </span>3<span class=\"_ _2\"></span>1<span class=\"_ _1\"></span>.9<span class=\"_ _5c\"> </span><span class=\"lsed wsf2\">1<span class=\"_ _1\"></span>6<span class=\"_ _2\"></span>.1<span class=\"_ _3e\"> </span><span class=\"lscc wscd\">16.<span class=\"_ _1\"></span>5<span class=\"_ _3b\"> </span></span></span></span>1<span class=\"_ _2\"></span>7.<span class=\"_ _3\"> </span>3<span class=\"_ _383\"> </span></span>Dividend yield, % <span class=\"_ _155\"> </span><span class=\"ff2 lsc4 wsc3\">7.<span class=\"_ _0\"> </span>3<span class=\"_ _96\"> </span></span><span class=\"ls88 wse3\">4.<span class=\"_ _1\"></span>5<span class=\"_ _93\"> </span><span class=\"ls2c ws29\">3.3<span class=\"_ _93\"> </span>3.3<span class=\"_ _93\"> </span></span>4.8<span class=\"_ _9d\"> </span>4.8<span class=\"_ _96\"> </span><span class=\"lsd7 wsd7\">4.4<span class=\"_ _96\"> </span>4<span class=\"_ _1\"></span>.4<span class=\"_ _9c\"> </span><span class=\"lsed wsf2\">4.1<span class=\"_ _383\"> </span></span></span></span>Gran<span class=\"_ _6\"></span>t date fair value<span class=\"_ _6\"></span>, \u00a3<span class=\"_ _e5\"> </span><span class=\"ff2 ws6e\">0.<span class=\"_ _1\"></span>68<span class=\"_ _3e\"> </span></span><span class=\"lsd7 wsd7\">1<span class=\"_ _1\"></span>.4<span class=\"_ _2\"></span>6<span class=\"_ _3e\"> </span><span class=\"ls9f wsbc\">1.2<span class=\"_ _1\"></span>2<span class=\"_ _91\"> </span>1.3<span class=\"_ _1\"></span>4<span class=\"_ _98\"> </span><span class=\"ls86 wsf1\">0<span class=\"_ _1\"></span>.9<span class=\"_ _2\"></span>0<span class=\"_ _3e\"> </span>0<span class=\"_ _2\"></span>.9<span class=\"_ _1\"></span>1<span class=\"_ _86\"> </span></span></span>0<span class=\"_ _1\"></span>.4<span class=\"_ _1\"></span>0<span class=\"_ _50\"> </span>0.4<span class=\"_ _2\"></span>3<span class=\"_ _50\"> </span><span class=\"ls88 wse3\">0.70<span class=\"_ _383\"> </span></span></span>The sharesav<span class=\"_ _6\"></span>e schemes are not entitled t<span class=\"_ _6\"></span>o dividends between the option and e<span class=\"_ _6\"></span>xercise date<span class=\"_ _8\"></span>. A Black S<span class=\"_ _1\"></span>choles model is used to determine the gr<span class=\"_ _6\"></span>ant date fair value with tw<span class=\"_ _6\"></span>o inputs:<span class=\"_ _383\"> </span>\u2022 <span class=\"_ _124\"> </span><span class=\"ws2\">Expected volatility \u2013 from 2<span class=\"_ _6\"></span>019<span class=\"_ _1f6\"></span>, the expected volatility is based on the Company<span class=\"_ _6\"></span>\u2019<span class=\"_ _8\"></span>s share price. Prior to this the Gr<span class=\"_ _6\"></span>oup used the FTSE 350 </span>diver<span class=\"_ _6\"></span><span class=\"_ _383\">si\ufb01ed \ufb01nancials volatility as insufficient his</span><span class=\"_ _6\"></span>tory w<span class=\"_ _6\"></span>as available for the Company\u2019<span class=\"_ _1f6\"></span>s share price.<span class=\"_ _383\"> </span>\u2022 <span class=\"_ _124\"> </span><span class=\"ws2\">Dividend \u2013 based on the average dividend yield acr<span class=\"_ _6\"></span>oss external analyst r<span class=\"_ _6\"></span>eports for the quarter prior to scheme grant dat<span class=\"_ _6\"></span>e.<span class=\"_ _383\"> </span></span>Deferred Share<span class=\"_ _6\"></span> Bonus Plan <span class=\"_ _1b4\"> </span><span class=\"ls69 ws70\">20<span class=\"_ _1\"></span>20<span class=\"_ _57\"> </span><span class=\"lse ws71\">2019<span class=\"_ _1b4\"> </span>2018<span class=\"_ _b2\"> </span>2017<span class=\"_ _383\"> </span></span></span>Contractual lif<span class=\"_ _6\"></span>e, year<span class=\"_ _6\"></span>s<span class=\"_ _25b\"> </span><span class=\"ls2\">3<span class=\"_ _d9\"> </span>3<span class=\"_ _d9\"> </span>3<span class=\"_ _d9\"> </span>5<span class=\"_ _383\"> </span></span>Mid-mark<span class=\"_ _6\"></span>et share price<span class=\"_ _6\"></span>, \u00a3<span class=\"_ _1dc\"> </span><span class=\"ls6f ws75\">2.5<span class=\"_ _1\"></span>8<span class=\"_ _254\"> </span><span class=\"ls86 wsf1\">3<span class=\"_ _2\"></span>.9<span class=\"_ _1\"></span>6<span class=\"_ _96\"> </span><span class=\"lsd3 ws86\">3.80<span class=\"_ _96\"> </span><span class=\"ls88 wse3\">4.<span class=\"_ _1\"></span>0<span class=\"_ _1\"></span>4<span class=\"_ _383\"> </span></span></span></span></span>Attrition r<span class=\"_ _6\"></span>ate, %<span class=\"_ _25c\"> </span><span class=\"ls2\">\u2013<span class=\"_ _e5\"> </span><span class=\"lsd7 wsd7\">8<span class=\"_ _1\"></span>.4<span class=\"_ _52\"> </span><span class=\"lsf8 wsfd\">9.<span class=\"_ _2\"></span>7<span class=\"_ _15c\"> </span><span class=\"lsc7 ws7f\">11.<span class=\"_ _1\"></span>8<span class=\"_ _383\"> </span></span></span></span></span>Dividend yield, % <span class=\"_ _25d\"> </span><span class=\"ls7a wsa1\">5.6<span class=\"_ _8b\"> </span><span class=\"ls88 wse3\">4.7<span class=\"_ _8b\"> </span>4.6<span class=\"_ _e5\"> </span>4.0<span class=\"_ _383\"> </span></span></span>Gran<span class=\"_ _6\"></span>t date fair value<span class=\"_ _6\"></span>, \u00a3<span class=\"_ _25e\"> </span><span class=\"ls2\">2.21<span class=\"_ _9c\"> </span><span class=\"lsee wsf3\">3<span class=\"_ _2\"></span>.47<span class=\"_ _55\"> </span><span class=\"ls2c ws29\">3.34<span class=\"_ _254\"> </span><span class=\"ls12 wsf\">3<span class=\"_ _1\"></span>.37<span class=\"_ _383\"> </span></span></span></span></span>For awar<span class=\"_ _6\"></span>ds gran<span class=\"_ _6\"></span>ted from 2<span class=\"_ _6\"></span>021, there are no further performance or ves<span class=\"_ _6\"></span>ting conditions attached to deferr<span class=\"_ _6\"></span>ed aw<span class=\"_ _6\"></span>ards<span class=\"_ _6\"></span>, for further details see <span class=\"ls2\"> </span>DSBP abo<span class=\"_ _6\"></span>ve<span class=\"_ _6\"></span>.<span class=\"_ _383\"> </span>For DSBP aw<span class=\"_ _6\"></span>ards wher<span class=\"_ _6\"></span>e conditions exist, these schemes carry no righ<span class=\"_ _6\"></span>ts to dividend equivalen<span class=\"_ _6\"></span>ts and a Black Scholes model is used to determine the gran<span class=\"_ _6\"></span>t date fair value with a dividend yield input applied \u2013 based on the av<span class=\"_ _6\"></span>erage dividend yield acr<span class=\"_ _6\"></span>oss external analys<span class=\"_ _6\"></span>t reports for the quarter prior to scheme gran<span class=\"_ _6\"></span>t date. Performance Share Plan<span class=\"_ _383\"> </span>Performance awar<span class=\"_ _6\"></span>ds are typically made annually at the discr<span class=\"_ _6\"></span>etion of the Group R<span class=\"_ _6\"></span>emuneration and People Committee. A<span class=\"_ _6\"></span>war<span class=\"_ _6\"></span>ds are based on a mixture of in<span class=\"_ _6\"></span>ternal \ufb01nancial performance target<span class=\"_ _6\"></span>s, risk<span class=\"_ _8\"></span>-based measures and relativ<span class=\"_ _6\"></span>e TSR<span class=\"_ _6\"></span>. Non-mark<span class=\"_ _6\"></span>et performance conditions exis<span class=\"_ _6\"></span>t for the scheme notably that a participant is employed by the Company at the ves<span class=\"_ _6\"></span>ting date with good leaver e<span class=\"_ _6\"></span>xceptions<span class=\"_ _6\"></span>, and an attrition rate is applied as an es<span class=\"_ _6\"></span>timate of the actual number of a<span class=\"_ _6\"></span>war<span class=\"_ _6\"></span>ds that will meet the related conditions at the ves<span class=\"_ _6\"></span>ting date.<span class=\"_ _383\"> </span>The awar<span class=\"_ _6\"></span>ds are not en<span class=\"_ _6\"></span>titled to a dividend equivalen<span class=\"_ _6\"></span>t between gr<span class=\"_ _6\"></span>ant date and v<span class=\"_ _6\"></span>esting and a Black Scholes model is used to determine the gr<span class=\"_ _8\"></span>ant date fair value with a dividend yield input applied \u2013 base<span class=\"_ _6\"></span>d on the aver<span class=\"_ _6\"></span>age dividend yield across external analys<span class=\"_ _6\"></span>t reports for the quarter prior to the scheme gran<span class=\"_ _6\"></span>t date. The fair value of an op<span class=\"_ _6\"></span>tion that is subject to mark<span class=\"_ _6\"></span>et conditions (the relativ<span class=\"_ _6\"></span>e share price element of the PSP<span class=\"_ _6\"></span>) is determined at gran<span class=\"_ _6\"></span>t date using a Monte Carlo model at the time o<span class=\"_ _6\"></span>f grant.<span class=\"_ _383\"> </span>The inputs into the models ar<span class=\"_ _6\"></span>e as follo<span class=\"_ _6\"></span>ws: <span class=\"_ _61\"> </span><span class=\"ff2 lse ws71\">2022<span class=\"_ _1b4\"> </span><span class=\"ff1\">2021<span class=\"_ _9c\"> </span><span class=\"ls69 ws70\">2020<span class=\"_ _57\"> </span></span>2019<span class=\"_ _1b4\"> </span>2018<span class=\"_ _383\"> </span></span></span>Contractual lif<span class=\"_ _6\"></span>e, year<span class=\"_ _6\"></span>s<span class=\"_ _20b\"> </span><span class=\"ff2 ls86 wsf1\">3<span class=\"_ _1\"></span>\u20137<span class=\"_ _1c2\"> </span></span><span class=\"lsd8 wsd8\">3<span class=\"_ _1\"></span>\u20137<span class=\"_ _63\"> </span>3<span class=\"_ _2\"></span>\u20137<span class=\"_ _35\"> </span></span><span class=\"ls2\">3<span class=\"_ _d9\"> </span>3<span class=\"_ _383\"> </span></span>Mid-mark<span class=\"_ _6\"></span>et share price<span class=\"_ _6\"></span>, \u00a3<span class=\"_ _25f\"> </span><span class=\"ff2 ls6f ws75\">5.58<span class=\"_ _254\"> </span></span><span class=\"ls86 wsf1\">4<span class=\"_ _1\"></span>.9<span class=\"_ _1\"></span>4<span class=\"_ _55\"> </span><span class=\"ls6f ws75\">2.5<span class=\"_ _1\"></span>8<span class=\"_ _254\"> </span></span>3<span class=\"_ _2\"></span>.9<span class=\"_ _1\"></span>6<span class=\"_ _15c\"> </span><span class=\"lsed wsf2\">4<span class=\"_ _1\"></span>.1<span class=\"_ _1\"></span>1<span class=\"_ _383\"> </span></span></span>Attrition r<span class=\"_ _6\"></span>ate, %<span class=\"_ _160\"> </span><span class=\"ff2 lsc5 wsc4\">6.9<span class=\"_ _37\"> </span></span><span class=\"ls12 wsf\">12.<span class=\"_ _1\"></span>8<span class=\"_ _90\"> </span><span class=\"lsc8 wsc8\">7.<span class=\"_ _3\"> </span>3<span class=\"_ _5f\"> </span><span class=\"lsd7 wsd7\">8<span class=\"_ _2\"></span>.4<span class=\"_ _52\"> </span><span class=\"lsf8 wsfd\">9.<span class=\"_ _2\"></span>7<span class=\"_ _383\"> </span></span></span></span></span>Expected volatility, %<span class=\"_ _7e\"> </span><span class=\"ff2 lsc4 wsc3\">3<span class=\"_ _2\"></span>7.<span class=\"_ _1\"></span>4<span class=\"_ _61\"> </span></span><span class=\"lsf8 wsfd\">5<span class=\"_ _2\"></span>9.<span class=\"_ _2\"></span>5<span class=\"_ _9c\"> </span><span class=\"ls86 wsf1\">4<span class=\"_ _1\"></span>3<span class=\"_ _2\"></span>.9<span class=\"_ _55\"> </span><span class=\"ls1e ws43\">26.<span class=\"_ _1\"></span>8<span class=\"_ _57\"> </span></span></span>2<span class=\"_ _2\"></span>9.<span class=\"_ _1\"></span>1<span class=\"_ _383\"> </span></span>Dividend yield, % <span class=\"_ _10d\"> </span><span class=\"ff2 ws6e\">4.7<span class=\"_ _53\"> </span></span><span class=\"lsd3 ws86\">3.8<span class=\"_ _15e\"> </span><span class=\"ls7a wsa1\">5.6<span class=\"_ _5f\"> </span><span class=\"ls88 wse3\">4.7<span class=\"_ _e5\"> </span>4.<span class=\"_ _1\"></span>6<span class=\"_ _383\"> </span></span></span></span>V<span class=\"_ _6\"></span>esting r<span class=\"_ _6\"></span>ate \u2013 T<span class=\"_ _6\"></span>SR % <span class=\"_ _7e\"> </span><span class=\"ff2 ls7d wse2\">32.3<span class=\"_ _96\"> </span></span><span class=\"ls9f wsbc\">40.<span class=\"_ _1\"></span>8<span class=\"_ _9c\"> </span><span class=\"lsc8 wsc8\">2<span class=\"_ _0\"></span>7.<span class=\"_ _0\"></span>8<span class=\"_ _61\"> </span><span class=\"ls86 wsf1\">4<span class=\"_ _1\"></span>4<span class=\"_ _1\"></span>.9<span class=\"_ _55\"> </span><span class=\"ls88 wse3\">5<span class=\"_ _1\"></span>4.0<span class=\"_ _383\"> </span></span></span></span></span>Gran<span class=\"_ _6\"></span>t date fair value<span class=\"_ _6\"></span>, \u00a3<span class=\"_ _260\"> </span><span class=\"ff2 ws6e\">4.64<span class=\"_ _55\"> </span></span><span class=\"ls88 wse3\">4.<span class=\"_ _1\"></span>26<span class=\"_ _55\"> </span></span><span class=\"ws6e\">2.06<span class=\"_ _9c\"> </span><span class=\"lsee wsf3\">3<span class=\"_ _2\"></span>.47<span class=\"_ _37\"> </span><span class=\"lsa wse4\">3<span class=\"_ _2\"></span>.61<span class=\"_ _383\"> </span></span></span></span>",
   "dimensions": {
    "concept": "ifrs-full:DisclosureOfSharebasedPaymentArrangementsExplanatory",
    "language": "en",
    "entity": "scheme:213800ZBKL9BHSL2K459",
    "period": "2022-01-01T00:00:00/2023-01-01T00:00:00"
   }
  },
  "fact-513": {
   "value": "<span class=\"_ _383\">12.\u2002Inte</span><span class=\"_ _1\"></span>grat<span class=\"_ _1\"></span>ion c<span class=\"_ _1\"></span>ost<span class=\"_ _1\"></span>s 2022<span class=\"_ _383\"> </span>\u00a3m<span class=\"_ _383\"> </span>2021<span class=\"_ _383\"> </span>\u00a3m<span class=\"_ _383\"> </span>Consultant fees<span class=\"_ _261\"> </span><span class=\"ff2 lsc5 wsc4\">4<span class=\"_ _1\"></span>.9<span class=\"_ _e5\"> </span></span><span class=\"ls2\">2.2<span class=\"_ _383\"> </span></span><span class=\"_ _383\">Staff cost</span><span class=\"_ _6\"></span>s<span class=\"_ _262\"> </span><span class=\"ff2 ls7e ws16\">3.0<span class=\"_ _15e\"> </span></span><span class=\"ls2\">2.<span class=\"_ _1\"></span>2<span class=\"_ _383\"> </span></span>Impairment<span class=\"_ _263\"> </span><span class=\"ff2 ls2 ws2\">\u2013<span class=\"_ _53\"> </span></span><span class=\"ls9f wsbc\">0.6</span> <span class=\"_ _247\"> </span><span class=\"ff2 lsc4 wsc3\">7.<span class=\"_ _1\"></span>9<span class=\"_ _8b\"> </span></span><span class=\"ls11 ws6e\">5.0<span class=\"_ _383\"> </span></span>Consultant fees relat<span class=\"_ _6\"></span>e to advice on the Group<span class=\"_ _8\"></span>\u2019<span class=\"_ _6\"></span>s future oper<span class=\"_ _6\"></span>ating structure<span class=\"_ _8\"></span>.<span class=\"_ _383\"> </span><span class=\"_ _383\">Staff cost</span><span class=\"_ _6\"></span>s relate to per<span class=\"_ _6\"></span>sonnel who will leave or hav<span class=\"_ _6\"></span>e left the Group through the tr<span class=\"_ _6\"></span>ansition of operations t<span class=\"_ _6\"></span>o the new oper<span class=\"_ _6\"></span>ating model. Impairment relat<span class=\"_ _6\"></span>es to a property sold during 2021.<span class=\"_ _383\"> </span>",
   "dimensions": {
    "concept": "osbgroupplc:DisclosureOfIntegrationCosts",
    "language": "en",
    "entity": "scheme:213800ZBKL9BHSL2K459",
    "period": "2022-01-01T00:00:00/2023-01-01T00:00:00"
   }
  },
  "fact-514": {
   "value": "<div class=\"t m3 hc ff2 fs7 fc2 sc0 ls2 ws2 gs39a\"><span class=\"_ _383\">13.\u2002Exce</span><span class=\"_ _1\"></span>ptio<span class=\"_ _1\"></span>nal ite<span class=\"_ _1\"></span>ms<span class=\"_ _383\"> </span></div><div class=\"t m3 h3a ff2 fs5 fc3 sc0 lse ws71 gs39b\">2022<span class=\"_ _383\"> </span></div><div class=\"t m3 h3a ff2 fs5 fc3 sc0 lse ws71 gs39c\">\u00a3m<span class=\"_ _383\"> </span></div><div class=\"t m3 h8 ff1 fs5 fc3 sc0 lse ws71 gs39d\">2021<span class=\"_ _383\"> </span></div><div class=\"t m3 h8 ff1 fs5 fc3 sc0 lse ws71 gs39e\">\u00a3m<span class=\"_ _383\"> </span></div><div class=\"t m3 hd ff1 fs7 fc3 sc0 ls11 ws2 gs39f\">Consultant fees<span class=\"_ _264\"> </span><span class=\"ff2 ls2\">\u2013<span class=\"_ _1cc\"> </span><span class=\"ff1\">\u2013<span class=\"_ _383\"> </span></span></span></div><div class=\"t m3 hd ff1 fs7 fc3 sc0 ls11 ws2 gs3a0\">Legal and pr<span class=\"_ _6\"></span>ofessional fees<span class=\"_ _265\"> </span><span class=\"ff2 ls2\">\u2013<span class=\"_ _53\"> </span></span><span class=\"ls9f wsbc\">0.2</span></div><div class=\"t m3 hd ff1 fs7 fc3 sc0 ls2 ws2 gs3a1\"> <span class=\"_ _266\"> </span><span class=\"ff2\">\u2013<span class=\"_ _53\"> </span></span><span class=\"ls9f wsbc\">0.2<span class=\"_ _383\"> </span></span></div><div class=\"t m3 hd ff1 fs7 fc3 sc0 ls11 ws2 gs3a2\">Exceptional items r<span class=\"_ _6\"></span>elate to the insertion of OSBG as the ne<span class=\"_ _6\"></span>w holding company and listed en<span class=\"_ _6\"></span>tity of the Group<span class=\"_ _6\"></span>.<span class=\"_ _383\"> </span></div>",
   "dimensions": {
    "concept": "osbgroupplc:DisclosureOfExceptionalCosts",
    "language": "en",
    "entity": "scheme:213800ZBKL9BHSL2K459",
    "period": "2022-01-01T00:00:00/2023-01-01T00:00:00"
   }
  },
  "fact-567": {
   "value": "<span class=\"_ _383\">14.\u2002T</span><span class=\"_ _8\"></span>axati<span class=\"_ _1\"></span>on<span class=\"_ _383\"> </span>The Group publishes its tax s<span class=\"_ _6\"></span>trate<span class=\"_ _6\"></span>gy on its corporate w<span class=\"_ _6\"></span>ebsite. The t<span class=\"_ _6\"></span>able below sho<span class=\"_ _6\"></span>ws the components of the Gr<span class=\"_ _6\"></span>oup<span class=\"_ _6\"></span>\u2019<span class=\"_ _8\"></span>s tax charge for the ye<span class=\"_ _6\"></span>ar:<span class=\"_ _383\"> </span>2022<span class=\"_ _383\"> </span>\u00a3m<span class=\"_ _383\"> </span>2021<span class=\"_ _383\"> </span>\u00a3m<span class=\"_ _383\"> </span>Corporation tax - curr<span class=\"_ _6\"></span>ent year<span class=\"_ _267\"> </span><span class=\"ff2 lse0 wse0\">141<span class=\"_ _1\"></span>.4<span class=\"_ _3b\"> </span></span><span class=\"ls12 wsf\">128.0<span class=\"_ _383\"> </span></span>Corporation tax - prior year<span class=\"_ _1d8\"> </span><span class=\"ff2 lsc5 wsc4\">(<span class=\"_ _1\"></span>0<span class=\"_ _1\"></span>.9<span class=\"_ _1\"></span>)<span class=\"_ _20e\"> </span></span><span class=\"ls2\">\u2013<span class=\"_ _383\"> </span></span>Deferred t<span class=\"_ _6\"></span>ax - current year<span class=\"_ _268\"> </span><span class=\"ff2 lsc9 wsc9\">(1.<span class=\"_ _1\"></span>2)<span class=\"_ _93\"> </span></span><span class=\"lscc wscd\">(0<span class=\"_ _1\"></span>.<span class=\"_ _1\"></span>2)<span class=\"_ _383\"> </span></span>Deferred t<span class=\"_ _6\"></span>ax - prior year<span class=\"_ _229\"> </span><span class=\"ff2 ls88 wse3\">(0.<span class=\"_ _1\"></span>3)<span class=\"_ _1da\"> </span></span><span class=\"ls2\">\u2013<span class=\"_ _383\"> </span></span>Release of de<span class=\"_ _6\"></span>ferred tax on CCF<span class=\"_ _6\"></span>S Combination<span class=\"_ _383\"> </span>1<span class=\"_ _383\"> </span>(<span class=\"_ _2\"></span>1<span class=\"_ _2\"></span>7.<span class=\"_ _0\"> </span>5<span class=\"_ _0\"> </span>)<span class=\"_ _55\"> </span><span class=\"ff1 ls12 wsf\">(8.5)<span class=\"_ _383\"> </span></span>T<span class=\"_ _8\"></span>otal tax charge<span class=\"_ _22b\"> </span><span class=\"ff2 ls6f ws75\">121.5<span class=\"_ _9d\"> </span></span><span class=\"lsf8 wsfd\">1<span class=\"_ _1\"></span>1<span class=\"_ _2\"></span>9.<span class=\"_ _2\"></span>3<span class=\"_ _383\"> </span></span>1. <span class=\"_ _41\"> </span> <span class=\"_ _23\"></span>R<span class=\"_ _1\"></span>el<span class=\"_ _1\"></span>e<span class=\"_ _1\"></span>as<span class=\"_ _1\"></span>e of de<span class=\"_ _1\"></span>fe<span class=\"_ _1\"></span>rr<span class=\"_ _1\"></span>ed t<span class=\"_ _1\"></span>ax on C<span class=\"_ _1\"></span>CFS C<span class=\"_ _1\"></span>om<span class=\"_ _1\"></span>bi<span class=\"_ _1\"></span>nat<span class=\"_ _1\"></span>io<span class=\"_ _1\"></span>n rel<span class=\"_ _1\"></span>at<span class=\"_ _1\"></span>es to t<span class=\"_ _1\"></span>he un<span class=\"_ _1\"></span>wi<span class=\"_ _1\"></span>nd of t<span class=\"_ _1\"></span>he d<span class=\"_ _1\"></span>efe<span class=\"_ _1\"></span>rr<span class=\"_ _1\"></span>ed t<span class=\"_ _1\"></span>ax li<span class=\"_ _1\"></span>ab<span class=\"_ _1\"></span>ili<span class=\"_ _1\"></span>tie<span class=\"_ _1\"></span>s re<span class=\"_ _1\"></span>co<span class=\"_ _1\"></span>gn<span class=\"_ _1\"></span>is<span class=\"_ _1\"></span>ed o<span class=\"_ _1\"></span>n th<span class=\"_ _1\"></span>e fai<span class=\"_ _1\"></span>r val<span class=\"_ _1\"></span>ue a<span class=\"_ _1\"></span>dju<span class=\"_ _1\"></span>s<span class=\"_ _1\"></span>tme<span class=\"_ _1\"></span>nt<span class=\"_ _1\"></span>s of th<span class=\"_ _1\"></span>e CC<span class=\"_ _1\"></span>FS as<span class=\"_ _1\"></span>se<span class=\"_ _1\"></span>ts a<span class=\"_ _1\"></span>nd lia<span class=\"_ _1\"></span>bil<span class=\"_ _1\"></span>iti<span class=\"_ _1\"></span>es a<span class=\"_ _1\"></span>t the a<span class=\"_ _1\"></span>cq<span class=\"_ _1\"></span>ui<span class=\"_ _1\"></span>sit<span class=\"_ _1\"></span>ion d<span class=\"_ _1\"></span>at<span class=\"_ _1\"></span>e \u00a3(12.8)<span class=\"_ _1\"></span>m (2021: \u00a3<span class=\"_ _1\"></span>(14.1)m) and th<span class=\"_ _1\"></span>e imp<span class=\"_ _1\"></span>ac<span class=\"_ _1\"></span>t of th<span class=\"_ _1\"></span>e b<span class=\"_ _1\"></span>ank s<span class=\"_ _1\"></span>ur<span class=\"_ _1\"></span>ch<span class=\"_ _1\"></span>arg<span class=\"_ _1\"></span>e de<span class=\"_ _1\"></span>cr<span class=\"_ _1\"></span>e<span class=\"_ _1\"></span>as<span class=\"_ _1\"></span>e on th<span class=\"_ _1\"></span>es<span class=\"_ _1\"></span>e d<span class=\"_ _1\"></span>efe<span class=\"_ _1\"></span>rr<span class=\"_ _1\"></span>ed t<span class=\"_ _1\"></span>ax li<span class=\"_ _1\"></span>ab<span class=\"_ _1\"></span>ilit<span class=\"_ _1\"></span>ie<span class=\"_ _1\"></span>s \u00a3(<span class=\"_ _1\"></span>4.7<span class=\"_ _1\"></span>)<span class=\"_ _1\"></span>m (2021: th<span class=\"_ _1\"></span>e im<span class=\"_ _1\"></span>pa<span class=\"_ _1\"></span>ct o<span class=\"_ _1\"></span>f the c<span class=\"_ _1\"></span>or<span class=\"_ _1\"></span>po<span class=\"_ _1\"></span>ra<span class=\"_ _1\"></span>tio<span class=\"_ _1\"></span>n tax r<span class=\"_ _1\"></span>ate i<span class=\"_ _1\"></span>nc<span class=\"_ _1\"></span>re<span class=\"_ _1\"></span>as<span class=\"_ _1\"></span>e \u00a35.<span class=\"_ _1\"></span>6m)<span class=\"_ _383\"> </span>The charge for t<span class=\"_ _6\"></span>axation on the Group<span class=\"_ _8\"></span>\u2019<span class=\"_ _8\"></span>s pro\ufb01t befor<span class=\"_ _6\"></span><span class=\"_ _383\">e taxation differ</span><span class=\"_ _6\"></span>s from the char<span class=\"_ _6\"></span>ge based on the standar<span class=\"_ _6\"></span>d rate o<span class=\"_ _6\"></span>f UK Corporation T<span class=\"_ _1f6\"></span>ax of 19% (2021: 19%) as f<span class=\"_ _6\"></span>ollows:<span class=\"_ _383\"> </span>2022<span class=\"_ _383\"> </span>\u00a3m<span class=\"_ _383\"> </span>2021<span class=\"_ _383\"> </span>\u00a3m<span class=\"_ _383\"> </span>Pro\ufb01t be<span class=\"_ _6\"></span>fore tax<span class=\"_ _6\"></span>ation<span class=\"_ _269\"> </span><span class=\"ff2 ls14 ws11\">531.5<span class=\"_ _5a\"> </span></span><span class=\"ls88 wse3\">4<span class=\"_ _1\"></span>64.<span class=\"_ _1\"></span>6<span class=\"_ _383\"> </span></span>Pro\ufb01t multiplied by the s<span class=\"_ _6\"></span>tandard r<span class=\"_ _8\"></span>ate of UK Corporation T<span class=\"_ _8\"></span>ax (19%)<span class=\"_ _26a\"> </span><span class=\"ff2 ls2\">101.0 <span class=\"_ _e8\"> </span></span><span class=\"ls2c ws29\">88.3<span class=\"_ _383\"> </span></span>Bank surchar<span class=\"_ _6\"></span>ge1<span class=\"_ _383\"> </span>30.<span class=\"_ _1\"></span>2 <span class=\"_ _96\"> </span><span class=\"ff1 lsc8 wsc8\">2<span class=\"_ _0\"></span>7.<span class=\"_ _0\"></span>7<span class=\"_ _383\"> </span></span>T<span class=\"_ _8\"></span><span class=\"_ _383\">axation effects of:</span><span class=\"_ _26b\"> </span><span class=\"ls2\"> </span>Expenses not deductible for tax<span class=\"_ _6\"></span>ation purposes<span class=\"_ _2b\"> </span><span class=\"ff2 ws6e\">0.5 <span class=\"_ _b2\"> </span></span><span class=\"ls9f wsbc\">0.7<span class=\"_ _383\"> </span></span>Securitisation pro\ufb01ts not tax<span class=\"_ _6\"></span>able<span class=\"_ _26c\"> </span><span class=\"ff2 ls1c wsb5\">(2<span class=\"_ _1\"></span>.<span class=\"_ _1\"></span>2)<span class=\"_ _1da\"> </span></span><span class=\"ls2\">\u2013<span class=\"_ _383\"> </span></span>Impact of def<span class=\"_ _6\"></span>erred tax r<span class=\"_ _6\"></span>ate change2<span class=\"_ _383\"> </span>(<span class=\"_ _1\"></span>5<span class=\"_ _2\"></span>.1<span class=\"_ _1\"></span>)<span class=\"_ _37\"> </span><span class=\"ff1 ls7a wsa1\">5.2<span class=\"_ _383\"> </span></span>Adjustmen<span class=\"_ _6\"></span>ts in respect of earlier year<span class=\"_ _6\"></span>s<span class=\"_ _26d\"> </span><span class=\"ff2 lsc9 wsc9\">(1.<span class=\"_ _1\"></span>2)<span class=\"_ _1da\"> </span></span><span class=\"ls2\">\u2013<span class=\"_ _383\"> </span></span>T<span class=\"_ _8\"></span>ax adjustments in r<span class=\"_ _6\"></span>espect of share-based paymen<span class=\"_ _6\"></span>ts<span class=\"_ _26e\"> </span><span class=\"ff2 ls2\">\u2013<span class=\"_ _52\"> </span></span><span class=\"ls9f wsbc\">1.2<span class=\"_ _383\"> </span></span>T<span class=\"_ _8\"></span>ax on coupon paid on A<span class=\"_ _8\"></span>T1 se<span class=\"_ _1\"></span>curities<span class=\"_ _1f2\"> </span><span class=\"ff2 ls87 wsc6\">(1.7<span class=\"_ _2\"></span>)<span class=\"_ _1da\"> </span></span><span class=\"ls2\">\u2013<span class=\"_ _383\"> </span></span>T<span class=\"_ _8\"></span>ax on coupon paid on non-controlling inter<span class=\"_ _6\"></span>est securities<span class=\"_ _26f\"> </span><span class=\"ff2 ls2\">\u2013<span class=\"_ _37\"> </span></span><span class=\"lsc7 ws7f\">(2<span class=\"_ _1\"></span>.5<span class=\"_ _1\"></span>)<span class=\"_ _383\"> </span></span><span class=\"_ _383\">Timing differ</span><span class=\"_ _6\"></span>ences on capital items<span class=\"_ _270\"> </span><span class=\"ff2 ls2\">\u2013<span class=\"_ _1c2\"> </span></span><span class=\"ls12 wsf\">(<span class=\"_ _1\"></span>1.3)<span class=\"_ _383\"> </span></span>T<span class=\"_ _8\"></span>otal tax charge<span class=\"_ _22b\"> </span><span class=\"ff2 ls6f ws75\">121.5<span class=\"_ _9d\"> </span></span><span class=\"lsf8 wsfd\">1<span class=\"_ _1\"></span>1<span class=\"_ _2\"></span>9.<span class=\"_ _2\"></span>3<span class=\"_ _383\"> </span></span>1. <span class=\"_ _41\"> </span>Tax char<span class=\"_ _1\"></span>ge f<span class=\"_ _1\"></span>or th<span class=\"_ _1\"></span>e t<span class=\"_ _1\"></span>wo b<span class=\"_ _1\"></span>ank<span class=\"_ _1\"></span>ing e<span class=\"_ _1\"></span>nti<span class=\"_ _1\"></span>tie<span class=\"_ _1\"></span>s of \u00a3<span class=\"_ _1\"></span>34.<span class=\"_ _1\"></span>3m (202<span class=\"_ _1\"></span>1: \u00a33<span class=\"_ _1\"></span>1.9m<span class=\"_ _6\"></span><span class=\"_ _383\">) off</span><span class=\"_ _1\"></span>set b<span class=\"_ _1\"></span>y th<span class=\"_ _1\"></span>e tax i<span class=\"_ _1\"></span>mp<span class=\"_ _1\"></span>ac<span class=\"_ _1\"></span>t of un<span class=\"_ _1\"></span>wi<span class=\"_ _1\"></span>ndi<span class=\"_ _1\"></span>ng C<span class=\"_ _1\"></span>CFS C<span class=\"_ _1\"></span>om<span class=\"_ _1\"></span>bin<span class=\"_ _1\"></span>ati<span class=\"_ _1\"></span>on i<span class=\"_ _1\"></span>tem<span class=\"_ _1\"></span>s of \u00a3<span class=\"_ _1\"></span>4.1m (2021: \u00a34.2<span class=\"_ _1\"></span>m). 2. <span class=\"_ _34\"> </span>D<span class=\"_ _1\"></span>ue to c<span class=\"_ _1\"></span>ha<span class=\"_ _1\"></span>ng<span class=\"_ _1\"></span>e in b<span class=\"_ _1\"></span>ank s<span class=\"_ _1\"></span>ur<span class=\"_ _1\"></span>ch<span class=\"_ _1\"></span>arg<span class=\"_ _1\"></span>e rat<span class=\"_ _1\"></span>e fro<span class=\"_ _1\"></span>m 8% t<span class=\"_ _1\"></span>o 3% o<span class=\"_ _1\"></span>n 1 Ap<span class=\"_ _1\"></span>ril 20<span class=\"_ _1\"></span>23 (2021: d<span class=\"_ _1\"></span>ue to c<span class=\"_ _1\"></span>ha<span class=\"_ _1\"></span>ng<span class=\"_ _1\"></span>e in c<span class=\"_ _1\"></span>or<span class=\"_ _1\"></span>po<span class=\"_ _1\"></span>rat<span class=\"_ _1\"></span>ion t<span class=\"_ _1\"></span>ax ra<span class=\"_ _1\"></span>te fr<span class=\"_ _1\"></span>om 19<span class=\"_ _1\"></span>% to 25% o<span class=\"_ _1\"></span>n 1 Ap<span class=\"_ _1\"></span>ri<span class=\"_ _1\"></span>l 2023). Fact<span class=\"_ _1\"></span><span class=\"_ _383\">ors aff</span><span class=\"_ _1\"></span>ec<span class=\"_ _1\"></span>ting t<span class=\"_ _1\"></span>ax char<span class=\"_ _1\"></span>ge fo<span class=\"_ _1\"></span>r th<span class=\"_ _1\"></span>e yea<span class=\"_ _1\"></span>r<span class=\"_ _383\"> </span><span class=\"_ _383\">The effectiv</span><span class=\"_ _6\"></span>e tax rate f<span class=\"_ _6\"></span>or the year ended 31 December 2022, ex<span class=\"_ _6\"></span>cluding the impact of adjus<span class=\"_ _6\"></span>tments in respect o<span class=\"_ _6\"></span>f earlier years and the def<span class=\"_ _6\"></span>erred tax rate change<span class=\"_ _6\"></span>, was 24<span class=\"_ _8\"></span>.0% (<span class=\"_ _6\"></span>2021: 24<span class=\"_ _8\"></span>.6%).<span class=\"_ _383\"> </span>The \u00a3(4<span class=\"_ _6\"></span>.7)m credit (2021: \u00a35<span class=\"_ _6\"></span>.2m char<span class=\"_ _6\"></span>ge) impact of the de<span class=\"_ _6\"></span>ferred t<span class=\"_ _6\"></span>ax rate change r<span class=\"_ _6\"></span>elates predominantly t<span class=\"_ _6\"></span>o the deferr<span class=\"_ _6\"></span>ed tax liability from the CCFS combination (see note 28 and 38).<span class=\"_ _383\"> </span>A tax charge o<span class=\"_ _6\"></span>f nil (comprising a def<span class=\"_ _6\"></span>erred tax debit of \u00a3<span class=\"_ _6\"></span>0.<span class=\"_ _9\"></span>9m and current tax credit o<span class=\"_ _6\"></span>f \u00a30.<span class=\"_ _9\"></span>9m) (2021: credit o<span class=\"_ _6\"></span>f \u00a31.6m) has been recognised directly within equity relating to the Gr<span class=\"_ _6\"></span>oup<span class=\"_ _6\"></span>\u2019<span class=\"_ _8\"></span>s share-based payment schemes<span class=\"_ _6\"></span>.<span class=\"_ _383\"> </span>A tax credit o<span class=\"_ _6\"></span>f \u00a30.<span class=\"_ _8\"></span>1m (2021: cr<span class=\"_ _6\"></span>edit of \u00a30<span class=\"_ _8\"></span>.5m) has been recognised within OCI relating to in<span class=\"_ _6\"></span>ves<span class=\"_ _6\"></span>tment securities classi\ufb01ed as FV<span class=\"_ _6\"></span>OCI.<span class=\"_ _383\"> </span>Fact<span class=\"_ _1\"></span>ors t<span class=\"_ _1\"></span>hat may a<span class=\"_ _1\"></span><span class=\"_ _383\">ffe</span><span class=\"_ _1\"></span>ct futu<span class=\"_ _1\"></span>re tax c<span class=\"_ _1\"></span>harg<span class=\"_ _1\"></span>es<span class=\"_ _383\"> </span>On 24 May 2021, the go<span class=\"_ _6\"></span>vernment subs<span class=\"_ _6\"></span>tantiv<span class=\"_ _6\"></span>ely enacted legislation to incr<span class=\"_ _6\"></span>ease the corporation tax r<span class=\"_ _6\"></span>ate from 19% to 2<span class=\"_ _6\"></span>5% from 1 April 2<span class=\"_ _6\"></span>023. Further<span class=\"_ _8\"></span>, on 24 February 2022, the governmen<span class=\"_ _6\"></span>t substan<span class=\"_ _6\"></span>tively enacted legislation t<span class=\"_ _6\"></span>o decrease the bank surchar<span class=\"_ _6\"></span>ge rate fr<span class=\"_ _6\"></span>om 8% to 3% from 1 April 2023<span class=\"_ _6\"></span>, together with an increase in the sur<span class=\"_ _6\"></span>charge annual allo<span class=\"_ _6\"></span>wance (the le<span class=\"_ _6\"></span>vel o<span class=\"_ _6\"></span>f taxable pro<span class=\"_ _6\"></span>\ufb01ts abov<span class=\"_ _6\"></span>e which are subject to the sur<span class=\"_ _6\"></span>charge<span class=\"_ _6\"></span>) from \u00a325m to \u00a3100m. In September 2022, the go<span class=\"_ _6\"></span>vernmen<span class=\"_ _6\"></span>t announced that the above changes w<span class=\"_ _8\"></span>ould be canc<span class=\"_ _1\"></span>elled, but then in October 2022 announced that the changes would go ahead as enact<span class=\"_ _6\"></span>ed. Deferred t<span class=\"_ _6\"></span>ax expected to un<span class=\"_ _6\"></span>wind after 1 April 2023 is recognised for en<span class=\"_ _6\"></span>tities that incur the bank surchar<span class=\"_ _6\"></span>ge at 28% (2021: 33%).<span class=\"_ _383\"> </span><span class=\"_ _383\">28.\u2002D</span><span class=\"_ _1\"></span>efe<span class=\"_ _1\"></span>rre<span class=\"_ _1\"></span>d taxation a<span class=\"_ _1\"></span>sse<span class=\"_ _1\"></span>t<span class=\"_ _383\"> </span>Losses carried forward<span class=\"_ _383\"> </span>\u00a3m<span class=\"_ _383\"> </span>Accelerated depreciation<span class=\"_ _383\"> </span>\u00a3m<span class=\"_ _383\"> </span>Share-based payments<span class=\"_ _383\"> </span>\u00a3m<span class=\"_ _383\"> </span>IFRS 9 transitional adjustments<span class=\"_ _383\"> </span>\u00a3m<span class=\"_ _383\"> </span>Others<span class=\"_ _383\"> </span>1<span class=\"_ _383\"> </span>\u00a3m<span class=\"_ _383\"> </span>To<span class=\"_ _1\"></span>t<span class=\"_ _2\"></span>a<span class=\"_ _1\"></span>l<span class=\"_ _383\"> </span>\u00a3m<span class=\"_ _383\"> </span>At 1 January 2<span class=\"_ _6\"></span>021<span class=\"_ _2c2\"> </span><span class=\"ls86 wsf1\">0<span class=\"_ _1\"></span>.9<span class=\"_ _8b\"> </span><span class=\"lsd7 wsd7\">0<span class=\"_ _1\"></span>.4<span class=\"_ _ce\"> </span><span class=\"lsed wsf2\">3<span class=\"_ _2\"></span>.1<span class=\"_ _8b\"> </span><span class=\"ls9f wsbc\">0.7<span class=\"_ _57\"> </span></span></span>(<span class=\"_ _1\"></span>0<span class=\"_ _1\"></span>.4<span class=\"_ _1\"></span>)<span class=\"_ _b2\"> </span><span class=\"ls88 wse3\">4.<span class=\"_ _1\"></span>7<span class=\"_ _383\"> </span></span></span></span>Pro\ufb01t or loss (<span class=\"_ _6\"></span>charge<span class=\"_ _8\"></span>)/<span class=\"_ _8\"></span>credit<span class=\"_ _2c3\"> </span><span class=\"lsd7 wsd7\">(0<span class=\"_ _2\"></span>.4)<span class=\"_ _15c\"> </span><span class=\"lsed wsf2\">0<span class=\"_ _1\"></span>.1<span class=\"_ _23f\"> </span><span class=\"ls9f wsbc\">1.7<span class=\"_ _d9\"> </span></span></span></span><span class=\"ls2\">\u2013 <span class=\"_ _61\"> </span><span class=\"ls87 wsc6\">(1.<span class=\"_ _1\"></span>2)<span class=\"_ _d0\"> </span><span class=\"ls9f wsbc\">0.<span class=\"_ _1\"></span>2<span class=\"_ _383\"> </span></span></span></span>T<span class=\"_ _8\"></span>ransferr<span class=\"_ _6\"></span>ed to corporation tax liability<span class=\"_ _2c4\"> </span><span class=\"ls2\">\u2013 <span class=\"_ _3f\"> </span>\u2013 <span class=\"_ _37\"> </span><span class=\"lsd7 wsd7\">(<span class=\"_ _1\"></span>1<span class=\"_ _1\"></span>.4)<span class=\"_ _3f\"> </span></span>\u2013 <span class=\"_ _20e\"> </span>\u2013 <span class=\"_ _1b4\"> </span><span class=\"lsd7 wsd7\">(<span class=\"_ _1\"></span>1<span class=\"_ _2\"></span>.4)<span class=\"_ _383\"> </span></span></span>T<span class=\"_ _8\"></span>ax tak<span class=\"_ _6\"></span>en directly to OCI<span class=\"_ _2c5\"> </span><span class=\"ls2\">\u2013 <span class=\"_ _3f\"> </span>\u2013 <span class=\"_ _20e\"> </span>\u2013 <span class=\"_ _3f\"> </span>\u2013 <span class=\"_ _37\"> </span><span class=\"ls9f wsbc\">0.5<span class=\"_ _15e\"> </span>0.5<span class=\"_ _383\"> </span></span></span>T<span class=\"_ _8\"></span>ax tak<span class=\"_ _6\"></span>en directly to equity<span class=\"_ _2c6\"> </span><span class=\"ls2\">\u2013 <span class=\"_ _3f\"> </span>\u2013 <span class=\"_ _15c\"> </span><span class=\"ls9f wsbc\">1.6<span class=\"_ _d9\"> </span></span>\u2013 <span class=\"_ _20e\"> </span>\u2013 <span class=\"_ _53\"> </span><span class=\"ls9f wsbc\">1.6<span class=\"_ _383\"> </span></span></span>At 31 December 2021<span class=\"_ _2c7\"> </span><span class=\"ls9f wsbc\">0.5<span class=\"_ _53\"> </span>0.5<span class=\"_ _15e\"> </span></span><span class=\"ws6e\">5.0<span class=\"_ _e5\"> </span><span class=\"ls9f wsbc\">0.<span class=\"_ _1\"></span>7<span class=\"_ _90\"> </span><span class=\"lsed wsf2\">(1<span class=\"_ _1\"></span>.1<span class=\"_ _2\"></span>)<span class=\"_ _1b4\"> </span><span class=\"ls7a wsa1\">5.6<span class=\"_ _383\"> </span></span></span></span></span>Pro\ufb01t or loss (<span class=\"_ _6\"></span>charge<span class=\"_ _8\"></span>)/<span class=\"_ _8\"></span>credit<span class=\"_ _383\"> </span>2<span class=\"_ _383\"> </span>\u2013 <span class=\"_ _93\"> </span><span class=\"ls88 wse3\">(0.5<span class=\"_ _1\"></span>)<span class=\"_ _4f\"> </span><span class=\"ls11 ws6e\">0.5<span class=\"_ _b2\"> </span><span class=\"lsc3 wsc2\">(<span class=\"_ _1\"></span>0<span class=\"_ _1\"></span>.1<span class=\"_ _1\"></span>)<span class=\"_ _b2\"> </span><span class=\"ls14 ws11\">1.6<span class=\"_ _5f\"> </span>1.5<span class=\"_ _383\"> </span></span></span></span></span>T<span class=\"_ _8\"></span>ax tak<span class=\"_ _6\"></span>en directly to OCI<span class=\"_ _175\"> </span><span class=\"ff2 ls2\">\u2013 <span class=\"_ _3f\"> </span>\u2013 <span class=\"_ _20e\"> </span>\u2013 <span class=\"_ _3f\"> </span>\u2013 <span class=\"_ _63\"> </span><span class=\"lsc3 wsc2\">0<span class=\"_ _1\"></span>.1<span class=\"_ _90\"> </span>0<span class=\"_ _1\"></span>.1<span class=\"_ _383\"> </span></span></span>T<span class=\"_ _8\"></span>ax tak<span class=\"_ _6\"></span>en directly to equity<span class=\"_ _2c6\"> </span><span class=\"ff2 ls2\">\u2013 <span class=\"_ _20e\"> </span>\u2013 <span class=\"_ _96\"> </span><span class=\"lsc5 wsc4\">(0<span class=\"_ _1\"></span>.9<span class=\"_ _1\"></span>)<span class=\"_ _20e\"> </span></span>\u2013 <span class=\"_ _20e\"> </span>\u2013 <span class=\"_ _9d\"> </span><span class=\"lsc5 wsc4\">(<span class=\"_ _1\"></span>0<span class=\"_ _1\"></span>.9<span class=\"_ _1\"></span>)<span class=\"_ _383\"> </span></span></span>At 31 December 2022<span class=\"_ _175\"> </span><span class=\"ws6e\">0.5<span class=\"_ _1cc\"> </span></span><span class=\"ls2\">\u2013 <span class=\"_ _d0\"> </span></span><span class=\"ws6e\">4.<span class=\"_ _1\"></span>6<span class=\"_ _1c2\"> </span>0.<span class=\"_ _1\"></span>6<span class=\"_ _1c2\"> </span>0.6<span class=\"_ _15c\"> </span></span><span class=\"ls2\">6.<span class=\"_ _1\"></span>3<span class=\"_ _383\"> </span></span>1. <span class=\"_ _41\"> </span>O<span class=\"_ _1\"></span>the<span class=\"_ _1\"></span>rs i<span class=\"_ _1\"></span>nc<span class=\"_ _1\"></span>lu<span class=\"_ _1\"></span>de<span class=\"_ _1\"></span>s de<span class=\"_ _1\"></span>fe<span class=\"_ _1\"></span>rre<span class=\"_ _1\"></span>d ta<span class=\"_ _1\"></span>xati<span class=\"_ _1\"></span>on a<span class=\"_ _1\"></span>ss<span class=\"_ _1\"></span>et<span class=\"_ _1\"></span>s re<span class=\"_ _1\"></span>co<span class=\"_ _1\"></span>gn<span class=\"_ _1\"></span>is<span class=\"_ _1\"></span>e<span class=\"_ _1\"></span>d on \ufb01n<span class=\"_ _1\"></span>an<span class=\"_ _1\"></span>ci<span class=\"_ _1\"></span>al as<span class=\"_ _1\"></span>s<span class=\"_ _1\"></span>ets c<span class=\"_ _1\"></span>la<span class=\"_ _1\"></span>s<span class=\"_ _1\"></span>si\ufb01<span class=\"_ _1\"></span>e<span class=\"_ _1\"></span>d as F<span class=\"_ _1\"></span>VOC<span class=\"_ _1\"></span>I, d<span class=\"_ _1\"></span>er<span class=\"_ _1\"></span>iv<span class=\"_ _1\"></span>ati<span class=\"_ _1\"></span>ve<span class=\"_ _1\"></span>s and s<span class=\"_ _1\"></span>ho<span class=\"_ _1\"></span>r<span class=\"_ _1\"></span>t-term tim<span class=\"_ _1\"></span>in<span class=\"_ _1\"></span><span class=\"_ _383\">g diff</span><span class=\"_ _1\"></span>er<span class=\"_ _1\"></span>en<span class=\"_ _1\"></span>ce<span class=\"_ _1\"></span>s.<span class=\"_ _383\"> </span>2. <span class=\"_ _34\"> </span>In<span class=\"_ _1\"></span>cl<span class=\"_ _1\"></span>ud<span class=\"_ _1\"></span>es \u00a3<span class=\"_ _1\"></span>0.3<span class=\"_ _1\"></span>m in r<span class=\"_ _1\"></span>es<span class=\"_ _1\"></span>pe<span class=\"_ _1\"></span>c<span class=\"_ _1\"></span>t of pr<span class=\"_ _1\"></span>io<span class=\"_ _1\"></span>r ye<span class=\"_ _1\"></span>ar d<span class=\"_ _1\"></span>efe<span class=\"_ _1\"></span>rr<span class=\"_ _1\"></span>ed t<span class=\"_ _1\"></span>ax.<span class=\"_ _383\"> </span>In 2022, the pro<span class=\"_ _6\"></span>\ufb01t or loss credit for de<span class=\"_ _6\"></span>ferred tax includes a cr<span class=\"_ _6\"></span>edit of \u00a30<span class=\"_ _8\"></span>.2m from the corporation tax r<span class=\"_ _6\"></span>ate change (2<span class=\"_ _6\"></span>021: credit of \u00a30<span class=\"_ _8\"></span>.<span class=\"_ _8\"></span>4m). As at 31 December 2022, the Group had \u00a33<span class=\"_ _6\"></span>.5m (<span class=\"_ _6\"></span>2021: \u00a33<span class=\"_ _6\"></span>.5m) o<span class=\"_ _6\"></span>f losses for which a deferr<span class=\"_ _6\"></span>ed tax asset has not been recognised as the Gr<span class=\"_ _6\"></span>oup does <span class=\"_ _383\">not expect sufficient futur</span><span class=\"_ _6\"></span>e pro\ufb01t<span class=\"_ _6\"></span>s to be available to utilise the losses<span class=\"_ _6\"></span>. As at 31 December 2022 deferr<span class=\"_ _6\"></span>ed tax assets of \u00a32.<span class=\"_ _6\"></span>3m (2021: \u00a33<span class=\"_ _8\"></span>.0m) of are e<span class=\"_ _6\"></span>xpected to be utilised within 12 months and \u00a34<span class=\"_ _8\"></span>.0m (<span class=\"_ _6\"></span>2021: \u00a32.<span class=\"_ _6\"></span>6m) utilised after 12 months.<span class=\"_ _383\"> </span><span class=\"_ _383\">38.\u2002De</span><span class=\"_ _1\"></span>ferre<span class=\"_ _1\"></span>d taxation liability<span class=\"_ _383\"> </span>The deferr<span class=\"_ _6\"></span><span class=\"_ _383\">ed tax liability recognised on the Combination relates to the timing diff</span><span class=\"_ _6\"></span>erences of the r<span class=\"_ _6\"></span>ecognition of assets and liabilities at fair value<span class=\"_ _6\"></span>, where the fair v<span class=\"_ _6\"></span>alues will unwind in future periods in line with the underlying asse<span class=\"_ _6\"></span>t or liability. The deferred t<span class=\"_ _6\"></span>ax liability has been measured using the rele<span class=\"_ _6\"></span>vant r<span class=\"_ _6\"></span>ates for the expect<span class=\"_ _6\"></span>ed periods of utilisation.<span class=\"_ _383\"> </span>CCFS Combination<span class=\"_ _383\"> </span>\u00a3m<span class=\"_ _383\"> </span>At 1 January 2<span class=\"_ _6\"></span>021<span class=\"_ _2de\"> </span><span class=\"ls2c ws29\">48.3<span class=\"_ _383\"> </span></span>Pro\ufb01t or loss cr<span class=\"_ _6\"></span>edit<span class=\"_ _1e4\"> </span><span class=\"ls12 wsf\">(8.5<span class=\"_ _1\"></span>)<span class=\"_ _383\"> </span></span>At 31 December 2021<span class=\"_ _2df\"> </span><span class=\"lsf8 wsfd\">3<span class=\"_ _2\"></span>9.<span class=\"_ _2\"></span>8<span class=\"_ _383\"> </span></span>Pro\ufb01t or loss cr<span class=\"_ _6\"></span>edit<span class=\"_ _2e0\"> </span><span class=\"ff2 lsc4 wsc3\">(<span class=\"_ _2\"></span>1<span class=\"_ _2\"></span>7.<span class=\"_ _0\"> </span>5<span class=\"_ _0\"> </span>)<span class=\"_ _383\"> </span></span>At 31 December 2022<span class=\"_ _2e1\"> </span><span class=\"ls7d wse2\">22.3<span class=\"_ _383\"> </span></span>In 2022, the pro<span class=\"_ _6\"></span>\ufb01t or loss credit includes \u00a34<span class=\"_ _8\"></span>.7<span class=\"_ _8\"></span>m impact of the corporation tax r<span class=\"_ _6\"></span>ate change (2021: a debit o<span class=\"_ _6\"></span>f \u00a35.<span class=\"_ _6\"></span>6m).<span class=\"_ _383\"> </span>As at 31 December 2022 deferr<span class=\"_ _6\"></span>ed tax liabilities of \u00a35<span class=\"_ _6\"></span>.6m (2<span class=\"_ _6\"></span>021: \u00a317<span class=\"_ _1f6\"></span>.5m) ar<span class=\"_ _6\"></span>e expected to be due within 12 mon<span class=\"_ _6\"></span>ths and \u00a316.7<span class=\"_ _1f6\"></span>m (2021: \u00a322.3m) due after 12 months.<span class=\"_ _383\"> </span>",
   "dimensions": {
    "concept": "ifrs-full:DisclosureOfIncomeTaxExplanatory",
    "language": "en",
    "entity": "scheme:213800ZBKL9BHSL2K459",
    "period": "2022-01-01T00:00:00/2023-01-01T00:00:00"
   }
  },
  "fact-515": {
   "value": "<span class=\"_ _383\">15.\u2002Earning</span><span class=\"_ _1\"></span>s pe<span class=\"_ _1\"></span>r shar<span class=\"_ _1\"></span>e<span class=\"_ _383\"> </span>EPS is based on the pro\ufb01t f<span class=\"_ _6\"></span>or the year and the weigh<span class=\"_ _6\"></span>ted aver<span class=\"_ _6\"></span>age number of or<span class=\"_ _6\"></span>dinary shares in issue. Basic EPS ar<span class=\"_ _6\"></span>e calculated by dividing pr<span class=\"_ _6\"></span>o\ufb01t attributable to or<span class=\"_ _6\"></span>dinary shareholders by the w<span class=\"_ _6\"></span>eighted av<span class=\"_ _6\"></span>erage number o<span class=\"_ _6\"></span>f ordinary shares in issue during the ye<span class=\"_ _6\"></span>ar<span class=\"_ _8\"></span>. Diluted EPS tak<span class=\"_ _6\"></span>e into account share options and aw<span class=\"_ _6\"></span>ards which can be con<span class=\"_ _6\"></span>verted to or<span class=\"_ _6\"></span>dinary shares<span class=\"_ _6\"></span>. For the purpose of calculating EPS<span class=\"_ _6\"></span>, pro\ufb01t attributable t<span class=\"_ _6\"></span>o ordinary shareholder<span class=\"_ _6\"></span>s is arrived at by adjus<span class=\"_ _6\"></span>ting pro\ufb01t f<span class=\"_ _6\"></span>or the year for the coupon on securities classi\ufb01ed as equity:<span class=\"_ _383\"> </span>2022<span class=\"_ _383\"> </span>\u00a3m<span class=\"_ _383\"> </span>2021<span class=\"_ _383\"> </span>\u00a3m<span class=\"_ _383\"> </span>Statutory pro\ufb01t after tax<span class=\"_ _271\"> </span><span class=\"lse0 wse0\">410<span class=\"_ _1\"></span>.<span class=\"_ _1\"></span>0<span class=\"_ _5a\"> </span><span class=\"ff1 ls79 wse8\">3<span class=\"_ _1\"></span>45.3<span class=\"_ _383\"> </span></span></span>Less: Coupon on non-contr<span class=\"_ _6\"></span>olling interes<span class=\"_ _6\"></span>t securities classi\ufb01ed as equity<span class=\"_ _272\"> </span><span class=\"ff2 ls2\">\u2013<span class=\"_ _37\"> </span></span><span class=\"ls88 wse3\">(<span class=\"_ _1\"></span>4.7<span class=\"_ _2\"></span>)<span class=\"_ _383\"> </span></span>Less: Coupon on A<span class=\"_ _1f6\"></span>T1 se<span class=\"_ _1\"></span>curities classi\ufb01ed as equity<span class=\"_ _273\"> </span><span class=\"ff2 lsc6 wsc5\">(<span class=\"_ _1\"></span>9.<span class=\"_ _1\"></span>0<span class=\"_ _2\"></span>)<span class=\"_ _20e\"> </span></span><span class=\"ls2\">\u2013<span class=\"_ _383\"> </span></span>Statutory pro\ufb01t attributable to ordinary shar<span class=\"_ _6\"></span>eholders<span class=\"_ _15d\"> </span><span class=\"ls7e ws16\">401.0<span class=\"_ _a9\"> </span><span class=\"ff1 ls9f wsbc\">340.<span class=\"_ _1\"></span>6<span class=\"_ _383\"> </span></span></span>2022<span class=\"_ _1b4\"> </span><span class=\"ff1\">2021<span class=\"_ _383\"> </span></span>W<span class=\"_ _8\"></span>eighted average number of shar<span class=\"_ _6\"></span>es, millions<span class=\"_ _274\"> </span><span class=\"ls2\"> </span>Basic<span class=\"_ _275\"> </span><span class=\"ff2 ls14 ws11\">441.5<span class=\"_ _3d\"> </span></span><span class=\"ls2c ws29\">448.1<span class=\"_ _383\"> </span></span>Dilutive impact o<span class=\"_ _6\"></span>f share-based payment schemes<span class=\"_ _1de\"> </span><span class=\"ff2 lsc3 wsc2\">5<span class=\"_ _1\"></span>.1<span class=\"_ _8b\"> </span></span><span class=\"ls88 wse3\">4.<span class=\"_ _1\"></span>6<span class=\"_ _383\"> </span></span>Diluted<span class=\"_ _276\"> </span><span class=\"ff2 ls14 ws11\">446.6<span class=\"_ _3e\"> </span></span><span class=\"ls7e ws16\">452.7<span class=\"_ _383\"> </span></span>Earnings per share, pence per share<span class=\"_ _5b\"> </span><span class=\"ls2\"> </span>Basic<span class=\"_ _277\"> </span><span class=\"ff2\">90.8<span class=\"_ _4f\"> </span></span><span class=\"lsd5 wsd5\">76<span class=\"_ _2\"></span>.<span class=\"_ _1\"></span>0<span class=\"_ _383\"> </span></span>Diluted<span class=\"_ _227\"> </span><span class=\"ff2 lsc6 wsc5\">8<span class=\"_ _2\"></span>9.<span class=\"_ _2\"></span>8<span class=\"_ _254\"> </span></span><span class=\"ls7a wsa1\">75.<span class=\"_ _1\"></span>2<span class=\"_ _383\"> </span></span>",
   "dimensions": {
    "concept": "ifrs-full:DisclosureOfEarningsPerShareExplanatory",
    "language": "en",
    "entity": "scheme:213800ZBKL9BHSL2K459",
    "period": "2022-01-01T00:00:00/2023-01-01T00:00:00"
   }
  },
  "fact-516": {
   "value": "<span class=\"_ _383\">16.\u2002Divi</span><span class=\"_ _1\"></span>den<span class=\"_ _1\"></span>ds<span class=\"_ _383\"> </span>2022<span class=\"_ _a0\"> </span><span class=\"ff1\">2021<span class=\"_ _383\"> </span></span>\u00a3m<span class=\"_ _383\"> </span>Pence per share<span class=\"_ _5e\"> </span><span class=\"ff1\">\u00a3m<span class=\"_ _383\"> </span></span>Pence per share<span class=\"_ _383\"> </span>Final dividend for the prior year<span class=\"_ _204\"> </span><span class=\"ff2 ws6e\">94.<span class=\"_ _1\"></span>8<span class=\"_ _37\"> </span><span class=\"lsc3 wsc2\">2<span class=\"_ _2\"></span>1<span class=\"_ _1\"></span>.1<span class=\"_ _254\"> </span></span></span><span class=\"ls88 wse3\">64.8<span class=\"_ _37\"> </span>14.<span class=\"_ _1\"></span>5<span class=\"_ _383\"> </span></span>Interim dividend for the curr<span class=\"_ _6\"></span>ent year<span class=\"_ _20b\"> </span><span class=\"ff2 ls73 ws7a\">38.3<span class=\"_ _15c\"> </span><span class=\"lscd wsce\">8.7<span class=\"_ _37\"> </span></span></span><span class=\"ls86 wsf1\">2<span class=\"_ _2\"></span>1<span class=\"_ _1\"></span>.9<span class=\"_ _90\"> </span>4.9</span> <span class=\"_ _278\"> </span><span class=\"ff2 lsc3 wsc2\">1<span class=\"_ _1\"></span>3<span class=\"_ _2\"></span>3<span class=\"_ _1\"></span>.1<span class=\"_ _111\"> </span></span><span class=\"ff2\"> <span class=\"_ _37\"> </span></span><span class=\"lse3 wse7\">86.7<span class=\"_ _118\"> </span></span> The Director<span class=\"_ _6\"></span>s recommend a \ufb01nal dividend of \u00a3<span><span class=\"gs3f0\" id=\"__191\">93. 7</span></span><span class=\"_ _8\"></span>m, <span>21.8</span> pence per share (2<span class=\"_ _6\"></span>021: \u00a3<span><span class=\"gs3f0\" id=\"__192\">94 .8</span></span>m, <span><span class=\"gs3f1\" id=\"__193\">21. 1</span> </span>pence per share) payable on 17 May 202<span class=\"_ _6\"></span>3 with an ex<span class=\"_ _8\"></span>-dividend date of 23 March 2023 and a r<span class=\"_ _6\"></span>ecord date of 24 Mar<span class=\"_ _6\"></span>ch 2023<span class=\"_ _6\"></span>. This dividend is not re\ufb02ect<span class=\"_ _6\"></span>ed in these \ufb01nancial statemen<span class=\"_ _6\"></span>ts as subject to appro<span class=\"_ _6\"></span>val by shareholder<span class=\"_ _6\"></span>s at the AGM on 11 May 2<span class=\"_ _6\"></span>023. The Director<span class=\"_ _6\"></span>s have also announced a special dividend of \u00a350<span class=\"_ _6\"></span>.3m, 11.7 pence per shar<span class=\"_ _6\"></span>e (2021: nil) payable on 17 May 2<span class=\"_ _6\"></span>023 with an ex<span class=\"_ _8\"></span>-dividend<span class=\"_ _1\"></span> date of 23 Mar<span class=\"_ _6\"></span>ch 2023 and a recor<span class=\"_ _6\"></span>d date of 24 March 2<span class=\"_ _6\"></span>023.<span class=\"_ _383\"> </span>If the \ufb01nal dividend is appro<span class=\"_ _6\"></span>ved, this will mak<span class=\"_ _8\"></span>e up the total dividend for 2022 o<span class=\"_ _6\"></span>f \u00a3182.0m, 42.2 pence per shar<span class=\"_ _6\"></span>e (2021: \u00a3116<span class=\"_ _6\"></span>.6m, 26<span class=\"_ _8\"></span>.0 pence per share<span class=\"_ _6\"></span>).<span class=\"_ _383\"> </span>A summary of the Company\u2019<span class=\"_ _1f6\"></span>s distributable reserves is sho<span class=\"_ _6\"></span>wn below:<span class=\"_ _383\"> </span>2022<span class=\"_ _383\"> </span>\u00a3m<span class=\"_ _383\"> </span>2021<span class=\"_ _383\"> </span>\u00a3m<span class=\"_ _383\"> </span>Retained earnings<span class=\"_ _1eb\"> </span><span class=\"ff2 lsc6 wsc5\">1<span class=\"_ _2\"></span>,<span class=\"_ _2\"></span>3<span class=\"_ _2\"></span>5<span class=\"_ _1\"></span>9.<span class=\"_ _2\"></span>3<span class=\"_ _76\"> </span></span><span class=\"ls2c ws29\">1,358.<span class=\"_ _6\"></span>4<span class=\"_ _383\"> </span></span>Own shares1<span class=\"_ _383\"> </span>(2<span class=\"_ _1\"></span>.<span class=\"_ _1\"></span>2)<span class=\"_ _9d\"> </span><span class=\"ff1 lscc wscd\">(3<span class=\"_ _1\"></span>.5<span class=\"_ _1\"></span>)<span class=\"_ _383\"> </span></span>Distributable reserves<span class=\"_ _51\"> </span><span class=\"lsc4 wsc3\">1<span class=\"_ _0\"></span>,<span class=\"_ _0\"></span>3<span class=\"_ _0\"></span>5<span class=\"_ _0\"></span>7.<span class=\"_ _1\"></span>1<span class=\"_ _7f\"> </span><span class=\"ff1 ls86 wsf1\">1<span class=\"_ _1\"></span>,<span class=\"_ _2\"></span>3<span class=\"_ _1\"></span>5<span class=\"_ _2\"></span>4.9<span class=\"_ _383\"> </span></span></span>1. <span class=\"_ _41\"> </span>O<span class=\"_ _1\"></span>wn S<span class=\"_ _1\"></span>ha<span class=\"_ _1\"></span>re<span class=\"_ _1\"></span>s co<span class=\"_ _1\"></span>mpr<span class=\"_ _1\"></span>is<span class=\"_ _1\"></span>es o<span class=\"_ _1\"></span>wn s<span class=\"_ _1\"></span>ha<span class=\"_ _1\"></span>re<span class=\"_ _1\"></span>s he<span class=\"_ _1\"></span>ld i<span class=\"_ _1\"></span>n the G<span class=\"_ _1\"></span>ro<span class=\"_ _1\"></span>up\u2019s EBT of \u00a3<span class=\"_ _1\"></span>2.<span class=\"_ _1\"></span>2m (202<span class=\"_ _1\"></span>1: \u00a33<span class=\"_ _1\"></span>.5m) wh<span class=\"_ _1\"></span>ic<span class=\"_ _1\"></span>h are r<span class=\"_ _1\"></span>ec<span class=\"_ _1\"></span>o<span class=\"_ _1\"></span>gni<span class=\"_ _1\"></span>se<span class=\"_ _1\"></span>d w<span class=\"_ _1\"></span>ithi<span class=\"_ _1\"></span>n OS<span class=\"_ _1\"></span>BG u<span class=\"_ _1\"></span>nd<span class=\"_ _1\"></span>er l<span class=\"_ _1\"></span>oo<span class=\"_ _1\"></span>k-<span class=\"_ _6\"></span>thr<span class=\"_ _1\"></span>ou<span class=\"_ _1\"></span>gh a<span class=\"_ _1\"></span>cc<span class=\"_ _1\"></span>oun<span class=\"_ _1\"></span>tin<span class=\"_ _1\"></span>g.<span class=\"_ _383\"> </span>Further additional distributable reserves can be r<span class=\"_ _6\"></span>ealised ov<span class=\"_ _6\"></span>er time from dividend receipts fr<span class=\"_ _6\"></span>om pro\ufb01ts gener<span class=\"_ _8\"></span>ated from the subsidiaries including two r<span class=\"_ _6\"></span>egulated bank<span class=\"_ _6\"></span>s within the Group<span class=\"_ _6\"></span>. ",
   "dimensions": {
    "concept": "ifrs-full:DisclosureOfDividendsExplanatory",
    "language": "en",
    "entity": "scheme:213800ZBKL9BHSL2K459",
    "period": "2022-01-01T00:00:00/2023-01-01T00:00:00"
   }
  },
  "fact-568": {
   "value": "93700000",
   "decimals": -5,
   "dimensions": {
    "concept": "ifrs-full:DividendsProposedOrDeclaredBeforeFinancialStatementsAuthorisedForIssueButNotRecognisedAsDistributionToOwners",
    "entity": "scheme:213800ZBKL9BHSL2K459",
    "period": "2022-01-01T00:00:00/2023-01-01T00:00:00",
    "unit": "iso4217:GBP"
   }
  },
  "fact-569": {
   "value": "0.218",
   "decimals": 3,
   "dimensions": {
    "concept": "ifrs-full:DividendsProposedOrDeclaredBeforeFinancialStatementsAuthorisedForIssueButNotRecognisedAsDistributionToOwnersPerShare",
    "entity": "scheme:213800ZBKL9BHSL2K459",
    "period": "2022-01-01T00:00:00/2023-01-01T00:00:00",
    "unit": "iso4217:GBP/xbrli:shares"
   }
  },
  "fact-570": {
   "value": "94800000",
   "decimals": -5,
   "dimensions": {
    "concept": "ifrs-full:DividendsProposedOrDeclaredBeforeFinancialStatementsAuthorisedForIssueButNotRecognisedAsDistributionToOwners",
    "entity": "scheme:213800ZBKL9BHSL2K459",
    "period": "2021-01-01T00:00:00/2022-01-01T00:00:00",
    "unit": "iso4217:GBP"
   }
  },
  "fact-571": {
   "value": "0.211",
   "decimals": 3,
   "dimensions": {
    "concept": "ifrs-full:DividendsProposedOrDeclaredBeforeFinancialStatementsAuthorisedForIssueButNotRecognisedAsDistributionToOwnersPerShare",
    "entity": "scheme:213800ZBKL9BHSL2K459",
    "period": "2021-01-01T00:00:00/2022-01-01T00:00:00",
    "unit": "iso4217:GBP/xbrli:shares"
   }
  },
  "fact-517": {
   "value": "17<span class=\"_ _1f6\"></span><span class=\"_ _383\">.\u2002Ca</span><span class=\"_ _1\"></span>sh and c<span class=\"_ _1\"></span>ash e<span class=\"_ _1\"></span>quival<span class=\"_ _1\"></span>ents<span class=\"_ _383\"> </span>The following t<span class=\"_ _6\"></span>able analyses the cash and cash equivalent<span class=\"_ _6\"></span>s disclosed in the Consolidated Statemen<span class=\"_ _6\"></span>t of Cash Flow<span class=\"_ _6\"></span>s: 2022<span class=\"_ _383\"> </span>\u00a3m<span class=\"_ _383\"> </span>2021<span class=\"_ _383\"> </span>\u00a3m<span class=\"_ _383\"> </span>Cash in hand<span class=\"_ _279\"> </span><span class=\"ff2 ls81 wsdf\">0.4<span class=\"_ _15e\"> </span></span><span class=\"ls9f wsbc\">0.<span class=\"_ _1\"></span>5<span class=\"_ _383\"> </span></span>Unencumbered loans and advances to cr<span class=\"_ _6\"></span>edit institutions<span class=\"_ _27a\"> </span><span class=\"ff2 lscd wsce\">2,953.7<span class=\"_ _121\"> </span></span><span class=\"ls2\">2,636.<span class=\"_ _1\"></span>2<span class=\"_ _383\"> </span></span>Inv<span class=\"_ _6\"></span>estment securities<span class=\"_ _27b\"> </span><span class=\"ff2 ls7e ws16\">90.0<span class=\"_ _3e\"> </span></span><span class=\"ws6e\">10<span class=\"_ _1\"></span>0.0</span> <span class=\"_ _27c\"> </span><span class=\"ff2 lsc3 wsc2\">3<span class=\"_ _1\"></span>,<span class=\"_ _1\"></span>0<span class=\"_ _2\"></span>4<span class=\"_ _1\"></span>4<span class=\"_ _1\"></span>.1<span class=\"_ _8e\"> </span></span><span class=\"ls79 wse8\">2,73<span class=\"_ _1\"></span>6.7<span class=\"_ _383\"> </span></span>",
   "dimensions": {
    "concept": "ifrs-full:DisclosureOfCashAndCashEquivalentsExplanatory",
    "language": "en",
    "entity": "scheme:213800ZBKL9BHSL2K459",
    "period": "2022-01-01T00:00:00/2023-01-01T00:00:00"
   }
  },
  "fact-572": {
   "value": "<span class=\"_ _383\">18.\u2002Loa</span><span class=\"_ _1\"></span>ns and a<span class=\"_ _1\"></span>dvanc<span class=\"_ _1\"></span>es to c<span class=\"_ _1\"></span>re<span class=\"_ _1\"></span>dit inst<span class=\"_ _1\"></span>itution<span class=\"_ _1\"></span>s<span class=\"_ _383\"> </span>2022<span class=\"_ _383\"> </span>\u00a3m<span class=\"_ _383\"> </span>2021<span class=\"_ _383\"> </span>\u00a3m<span class=\"_ _383\"> </span>Unencumbered:<span class=\"_ _27d\"> </span><span class=\"ls2 ws2\"> </span>BoE call account<span class=\"_ _21e\"> </span><span class=\"ff2 ls2\">2,<span class=\"_ _1\"></span>806.5<span class=\"_ _40\"> </span></span><span class=\"lsd7 wsd7\">2<span class=\"_ _1\"></span>,4<span class=\"_ _1\"></span>9<span class=\"_ _2\"></span>6<span class=\"_ _1\"></span>.4<span class=\"_ _383\"> </span></span>Call accounts<span class=\"_ _186\"> </span><span class=\"ff2 ls7f wse1\">73.<span class=\"_ _1\"></span>2<span class=\"_ _55\"> </span></span><span class=\"ls2c ws29\">43.3<span class=\"_ _383\"> </span></span>Cash held in special purpose vehicles (SPV<span class=\"_ _8\"></span>s)1<span class=\"_ _383\"> </span>63.8<span class=\"_ _254\"> </span><span class=\"ff1 lsf8 wsfd\">8<span class=\"_ _2\"></span>9.<span class=\"_ _2\"></span>6<span class=\"_ _383\"> </span></span>T<span class=\"_ _8\"></span>erm deposits<span class=\"_ _27e\"> </span><span class=\"ff2 ws6e\">10.2<span class=\"_ _5f\"> </span></span><span class=\"ls86 wsf1\">6<span class=\"_ _1\"></span>.9<span class=\"_ _383\"> </span></span>Encumbered:<span class=\"_ _27f\"> </span><span class=\"ls2 ws2\"> </span>BoE cash ratio deposit<span class=\"_ _280\"> </span><span class=\"ff2 ls12 wsf\">62.<span class=\"_ _1\"></span>8<span class=\"_ _4f\"> </span></span><span class=\"lsf8 wsfd\">5<span class=\"_ _2\"></span>9.<span class=\"_ _1\"></span>5<span class=\"_ _383\"> </span></span>Cash held in SPV<span class=\"_ _6\"></span>s<span class=\"_ _383\"> </span>1<span class=\"_ _383\"> </span>111.<span class=\"_ _1\"></span>8<span class=\"_ _96\"> </span><span class=\"ff1 ls2c ws29\">48.0<span class=\"_ _383\"> </span></span>Cash margin giv<span class=\"_ _6\"></span>en<span class=\"_ _281\"> </span><span class=\"ff2 lsc4 wsc3\">2<span class=\"_ _2\"></span>3<span class=\"_ _0\"></span>7.<span class=\"_ _2\"></span>4<span class=\"_ _37\"> </span></span><span class=\"lsf8 wsfd\">9<span class=\"_ _2\"></span>9.<span class=\"_ _1\"></span>9</span> <span class=\"_ _282\"> </span><span class=\"ff2 lsf9 ws82\">3,365.<span class=\"_ _6\"></span>7<span class=\"_ _6e\"> </span><span class=\"ff1 ls2c ws29\">2,843.6<span class=\"_ _383\"> </span></span></span>1. <span class=\"_ _41\"> </span> <span class=\"_ _23\"></span>C<span class=\"_ _1\"></span>a<span class=\"_ _1\"></span>sh h<span class=\"_ _1\"></span>el<span class=\"_ _1\"></span>d in S<span class=\"_ _1\"></span>PVs is r<span class=\"_ _1\"></span>ing<span class=\"_ _1\"></span>-fen<span class=\"_ _1\"></span>ce<span class=\"_ _1\"></span>d fo<span class=\"_ _1\"></span>r us<span class=\"_ _1\"></span>e in m<span class=\"_ _1\"></span>an<span class=\"_ _1\"></span>agi<span class=\"_ _1\"></span>ng t<span class=\"_ _1\"></span>he G<span class=\"_ _1\"></span>rou<span class=\"_ _1\"></span>p\u2019s sec<span class=\"_ _1\"></span>uri<span class=\"_ _1\"></span>tis<span class=\"_ _1\"></span>e<span class=\"_ _1\"></span>d de<span class=\"_ _1\"></span>bt fa<span class=\"_ _1\"></span>ci<span class=\"_ _1\"></span>lit<span class=\"_ _1\"></span>ie<span class=\"_ _1\"></span>s und<span class=\"_ _1\"></span>er t<span class=\"_ _1\"></span>he te<span class=\"_ _1\"></span>rm<span class=\"_ _1\"></span>s of s<span class=\"_ _1\"></span>ec<span class=\"_ _1\"></span>ur<span class=\"_ _1\"></span>iti<span class=\"_ _1\"></span>sat<span class=\"_ _1\"></span>io<span class=\"_ _1\"></span>n agr<span class=\"_ _1\"></span>ee<span class=\"_ _1\"></span>m<span class=\"_ _1\"></span>ent<span class=\"_ _1\"></span>s. C<span class=\"_ _1\"></span>as<span class=\"_ _1\"></span>h he<span class=\"_ _1\"></span>ld i<span class=\"_ _1\"></span>n SP<span class=\"_ _1\"></span>Vs is tr<span class=\"_ _1\"></span>ea<span class=\"_ _1\"></span>te<span class=\"_ _1\"></span>d as un<span class=\"_ _1\"></span>en<span class=\"_ _1\"></span>cu<span class=\"_ _1\"></span>mb<span class=\"_ _1\"></span>er<span class=\"_ _1\"></span>ed i<span class=\"_ _1\"></span>n pr<span class=\"_ _1\"></span>op<span class=\"_ _1\"></span>or<span class=\"_ _1\"></span>t<span class=\"_ _1\"></span>ion t<span class=\"_ _1\"></span>o the r<span class=\"_ _1\"></span>eta<span class=\"_ _1\"></span>in<span class=\"_ _1\"></span>ed i<span class=\"_ _1\"></span>nte<span class=\"_ _1\"></span>re<span class=\"_ _1\"></span>st i<span class=\"_ _1\"></span>n the S<span class=\"_ _1\"></span>P<span class=\"_ _1\"></span>V ba<span class=\"_ _1\"></span>se<span class=\"_ _1\"></span>d on t<span class=\"_ _1\"></span>he n<span class=\"_ _1\"></span>om<span class=\"_ _1\"></span>ina<span class=\"_ _1\"></span>l val<span class=\"_ _1\"></span>ue o<span class=\"_ _1\"></span>f the b<span class=\"_ _1\"></span>on<span class=\"_ _1\"></span>ds h<span class=\"_ _1\"></span>e<span class=\"_ _1\"></span>ld b<span class=\"_ _1\"></span>y the G<span class=\"_ _1\"></span>ro<span class=\"_ _1\"></span>up to to<span class=\"_ _1\"></span>tal b<span class=\"_ _1\"></span>on<span class=\"_ _1\"></span>ds i<span class=\"_ _1\"></span>n th<span class=\"_ _1\"></span>e se<span class=\"_ _1\"></span>cu<span class=\"_ _1\"></span>rit<span class=\"_ _1\"></span>isa<span class=\"_ _1\"></span>tio<span class=\"_ _1\"></span>n, a<span class=\"_ _1\"></span>nd inc<span class=\"_ _1\"></span>lu<span class=\"_ _1\"></span>de<span class=\"_ _1\"></span>d in c<span class=\"_ _1\"></span>as<span class=\"_ _1\"></span>h an<span class=\"_ _1\"></span>d ca<span class=\"_ _1\"></span>sh e<span class=\"_ _1\"></span>qu<span class=\"_ _1\"></span>iva<span class=\"_ _1\"></span>le<span class=\"_ _1\"></span>nt<span class=\"_ _1\"></span>s. C<span class=\"_ _1\"></span>as<span class=\"_ _1\"></span>h ret<span class=\"_ _1\"></span>ain<span class=\"_ _1\"></span>e<span class=\"_ _1\"></span>d in SP<span class=\"_ _1\"></span>Vs de<span class=\"_ _1\"></span>si<span class=\"_ _1\"></span>gna<span class=\"_ _1\"></span>te<span class=\"_ _1\"></span>d as c<span class=\"_ _1\"></span>as<span class=\"_ _1\"></span>h re<span class=\"_ _1\"></span>se<span class=\"_ _1\"></span>r<span class=\"_ _1\"></span>ve c<span class=\"_ _1\"></span>re<span class=\"_ _1\"></span>di<span class=\"_ _1\"></span>t enh<span class=\"_ _1\"></span>an<span class=\"_ _1\"></span>ce<span class=\"_ _1\"></span>m<span class=\"_ _1\"></span>ent i<span class=\"_ _1\"></span>s tre<span class=\"_ _1\"></span>at<span class=\"_ _1\"></span>ed a<span class=\"_ _1\"></span>s en<span class=\"_ _1\"></span>cu<span class=\"_ _1\"></span>mb<span class=\"_ _1\"></span>er<span class=\"_ _1\"></span>ed i<span class=\"_ _1\"></span>n pr<span class=\"_ _1\"></span>op<span class=\"_ _1\"></span>or<span class=\"_ _1\"></span>ti<span class=\"_ _1\"></span>on t<span class=\"_ _1\"></span>o the ex<span class=\"_ _1\"></span>t<span class=\"_ _1\"></span>er<span class=\"_ _1\"></span>nal ho<span class=\"_ _1\"></span>ldi<span class=\"_ _1\"></span>ng<span class=\"_ _1\"></span>s in th<span class=\"_ _1\"></span>e SP<span class=\"_ _1\"></span>V an<span class=\"_ _1\"></span>d exc<span class=\"_ _1\"></span>lud<span class=\"_ _1\"></span>e<span class=\"_ _1\"></span>d fro<span class=\"_ _1\"></span>m ca<span class=\"_ _1\"></span>sh a<span class=\"_ _1\"></span>nd c<span class=\"_ _1\"></span>as<span class=\"_ _1\"></span>h e<span class=\"_ _1\"></span>qui<span class=\"_ _1\"></span>val<span class=\"_ _1\"></span>en<span class=\"_ _1\"></span>ts<span class=\"_ _1\"></span>.<span class=\"_ _383\"> </span><span class=\"_ _383\">20.\u2002Loan</span><span class=\"_ _1\"></span>s and ad<span class=\"_ _1\"></span>vance<span class=\"_ _1\"></span>s to cu<span class=\"_ _1\"></span>stom<span class=\"_ _1\"></span>er<span class=\"_ _1\"></span>s<span class=\"_ _383\"> </span>2022<span class=\"_ _383\"> </span>\u00a3m<span class=\"_ _383\"> </span>2021<span class=\"_ _383\"> </span>\u00a3m<span class=\"_ _383\"> </span>Held at amortised c<span class=\"_ _1\"></span>ost:<span class=\"_ _1eb\"> </span><span class=\"ls2\"> </span>Loans and adv<span class=\"_ _6\"></span>ances (see note 21)<span class=\"_ _28d\"> </span><span class=\"ff2 lsc5 wsc4\">2<span class=\"_ _1\"></span>3<span class=\"_ _2\"></span>,<span class=\"_ _1\"></span>5<span class=\"_ _1\"></span>6<span class=\"_ _2\"></span>4.9<span class=\"_ _d\"> </span></span><span class=\"lsc8 wsc8\">2<span class=\"_ _0\"> </span>1<span class=\"_ _0\"></span>,<span class=\"_ _0\"></span>0<span class=\"_ _0\"></span>4<span class=\"_ _2\"></span>7.<span class=\"_ _1\"></span>9<span class=\"_ _383\"> </span></span>Finance leases (see note 22)<span class=\"_ _143\"> </span><span class=\"ff2 ls12 wsf\">163.<span class=\"_ _1\"></span>2<span class=\"_ _93\"> </span></span><span class=\"lsc7 ws7f\">116.<span class=\"_ _1\"></span>2</span> <span class=\"_ _28e\"> </span><span class=\"ff2 lsc3 wsc2\">2<span class=\"_ _1\"></span>3<span class=\"_ _2\"></span>,<span class=\"_ _1\"></span>7<span class=\"_ _1\"></span>2<span class=\"_ _1\"></span>8<span class=\"_ _2\"></span>.1<span class=\"_ _69\"> </span></span><span class=\"lsed wsf2\">2<span class=\"_ _1\"></span>1<span class=\"_ _2\"></span>,16<span class=\"_ _1\"></span>4<span class=\"_ _1\"></span>.1<span class=\"_ _383\"> </span></span>Less: Expecte<span class=\"_ _6\"></span>d credit losses (see note 23)<span class=\"_ _11d\"> </span><span class=\"ff2 lscb wscb\">(13<span class=\"_ _1\"></span>0.0)<span class=\"_ _83\"> </span></span><span class=\"ls6f ws75\">(101.5)</span> <span class=\"_ _28f\"> </span><span class=\"ff2 lscd wsce\">23,598<span class=\"_ _1\"></span>.<span class=\"_ _6\"></span>1<span class=\"_ _88\"> </span><span class=\"ff1 lsc9 wsc9\">2<span class=\"_ _1\"></span>1,062<span class=\"_ _1\"></span>.6<span class=\"_ _383\"> </span></span></span>Held at FV<span class=\"_ _1\"></span>TPL:<span class=\"_ _287\"> </span><span class=\"ls2\"> </span>Residential mortgages<span class=\"_ _1f1\"> </span><span class=\"ff2 ws6e\">14.<span class=\"_ _1\"></span>6<span class=\"_ _1c2\"> </span></span><span class=\"lsc8 wsc8\">1<span class=\"_ _2\"></span>7.<span class=\"_ _0\"></span>7</span> <span class=\"_ _28f\"> </span><span class=\"ff2 ls33 ws30\">2<span class=\"_ _1\"></span>3<span class=\"_ _1\"></span>,<span class=\"_ _1\"></span>612<span class=\"_ _1\"></span>.<span class=\"_ _1\"></span>7<span class=\"_ _19f\"> </span></span><span class=\"ls9f wsbc\">21,0<span class=\"_ _1\"></span>80.<span class=\"_ _1\"></span>3<span class=\"_ _383\"> </span></span><span class=\"_ _383\">21.\u2002Loan</span><span class=\"_ _1\"></span>s and ad<span class=\"_ _1\"></span>vance<span class=\"_ _1\"></span>s<span class=\"_ _383\"> </span>2022<span class=\"_ _290\"> </span><span class=\"ff1\">2021<span class=\"_ _383\"> </span></span>OSB<span class=\"_ _383\"> </span>\u00a3m<span class=\"_ _383\"> </span>CCFS<span class=\"_ _383\"> </span>\u00a3m<span class=\"_ _383\"> </span>To<span class=\"_ _1\"></span>t<span class=\"_ _2\"></span>a<span class=\"_ _1\"></span>l<span class=\"_ _383\"> </span>\u00a3m<span class=\"_ _383\"> </span>OSB<span class=\"_ _383\"> </span>\u00a3m<span class=\"_ _383\"> </span>CCFS<span class=\"_ _383\"> </span>\u00a3m<span class=\"_ _383\"> </span>To<span class=\"_ _1\"></span>t<span class=\"_ _2\"></span>a<span class=\"_ _1\"></span>l<span class=\"_ _383\"> </span>\u00a3m<span class=\"_ _383\"> </span>Gross carrying amount<span class=\"_ _383\"> </span>Stage 1<span class=\"_ _e4\"> </span><span class=\"ff2 ls1f ws1c\">10<span class=\"_ _6\"></span>,<span class=\"_ _6\"></span>188.<span class=\"_ _8\"></span>4 <span class=\"_ _19f\"> </span><span class=\"lsf9 ws82\">8,375<span class=\"_ _6\"></span>.5 <span class=\"_ _b3\"> </span>18,563.<span class=\"_ _8\"></span>9 <span class=\"_ _1fe\"> </span><span class=\"ff1 ls2 ws2\">10,393.2 <span class=\"_ _6e\"> </span>7<span class=\"_ _1f6\"></span>,685.7 <span class=\"_ _a6\"> </span><span class=\"ls2c ws29\">18,07<span class=\"_ _6\"></span>8.<span class=\"_ _8\"></span>9 </span></span></span></span>Stage 2<span class=\"_ _383\"> </span>1<span class=\"_ _383\"> </span>2,508.<span class=\"_ _6\"></span>9 <span class=\"_ _9a\"> </span><span class=\"lsc4 wsc3\">1<span class=\"_ _0\"></span>,<span class=\"_ _2\"></span>9<span class=\"_ _2\"></span>0<span class=\"_ _0\"></span>7.<span class=\"_ _2\"></span>4<span class=\"_ _0\"></span> <span class=\"_ _89\"> </span><span class=\"ls2 ws2\">4,4<span class=\"_ _6\"></span>16.3 <span class=\"_ _8e\"> </span><span class=\"ff1\">1,<span class=\"_ _6\"></span>14<span class=\"_ _6\"></span>2.3 <span class=\"_ _6b\"> </span><span class=\"lsf8 wsfd\">1<span class=\"_ _2\"></span>,<span class=\"_ _2\"></span>2<span class=\"_ _2\"></span>6<span class=\"_ _2\"></span>9.<span class=\"_ _2\"></span>8<span class=\"_ _2\"></span> <span class=\"_ _a1\"> </span></span>2,4<span class=\"_ _8\"></span>12.<span class=\"_ _6\"></span>1 </span></span></span>Stage 3<span class=\"_ _198\"> </span><span class=\"ff2 lscd wsce\">345.7<span class=\"_ _1\"></span> <span class=\"_ _70\"> </span><span class=\"ls2 ws2\">156.0 <span class=\"_ _70\"> </span>501.7 <span class=\"_ _70\"> </span></span></span><span class=\"lsd7 wsd7\">3<span class=\"_ _2\"></span>6<span class=\"_ _1\"></span>0<span class=\"_ _1\"></span>.4<span class=\"_ _2\"></span> <span class=\"_ _254\"> </span><span class=\"lsf8 wsfd\">9<span class=\"_ _2\"></span>9.<span class=\"_ _1\"></span>1<span class=\"_ _2\"></span> <span class=\"_ _98\"> </span>4<span class=\"_ _1\"></span>5<span class=\"_ _2\"></span>9.<span class=\"_ _2\"></span>5<span class=\"_ _2\"></span> </span></span>Stage 3 (POCI)<span class=\"_ _291\"> </span><span class=\"ff2 ls6f ws75\">38.5 <span class=\"_ _3b\"> </span><span class=\"ls11 ws6e\">44.5 <span class=\"_ _18d\"> </span><span class=\"ls7e ws16\">83<span class=\"_ _1\"></span>.0 <span class=\"_ _5c\"> </span></span></span></span><span class=\"ls79 wse8\">45.2 <span class=\"_ _5c\"> </span></span><span class=\"ls2\">52.2 <span class=\"_ _96\"> </span><span class=\"lsc8 wsc8\">9<span class=\"_ _0\"></span>7.<span class=\"_ _1\"></span>4<span class=\"_ _0\"> </span> </span></span> <span class=\"_ _79\"> </span><span class=\"ff2 ls14 ws11\">13,081.5 <span class=\"_ _b3\"> </span><span class=\"ls81 wsdf\">10<span class=\"_ _1\"></span>,4<span class=\"_ _1\"></span>8<span class=\"_ _1\"></span>3<span class=\"_ _1\"></span>.4<span class=\"_ _1\"></span> <span class=\"_ _3a\"> </span><span class=\"lsc5 wsc4\">2<span class=\"_ _1\"></span>3<span class=\"_ _2\"></span>,<span class=\"_ _1\"></span>5<span class=\"_ _1\"></span>6<span class=\"_ _2\"></span>4<span class=\"_ _1\"></span>.9<span class=\"_ _1\"></span> <span class=\"_ _69\"> </span></span></span></span><span class=\"ls9f wsbc\">11,<span class=\"_ _8\"></span>941.<span class=\"_ _6\"></span>1 <span class=\"_ _6b\"> </span><span class=\"lsf8 wsfd\">9,1<span class=\"_ _2\"></span>0<span class=\"_ _2\"></span>6<span class=\"_ _2\"></span>.<span class=\"_ _2\"></span>8<span class=\"_ _2\"></span> <span class=\"_ _88\"> </span><span class=\"lsc8 wsc8\">2<span class=\"_ _0\"> </span>1<span class=\"_ _0\"></span>,<span class=\"_ _0\"></span>0<span class=\"_ _0\"></span>4<span class=\"_ _2\"></span>7.<span class=\"_ _1\"></span>9<span class=\"_ _0\"> </span> </span></span></span>1. For f<span class=\"_ _1\"></span>ur<span class=\"_ _1\"></span>th<span class=\"_ _1\"></span>e<span class=\"_ _1\"></span>r det<span class=\"_ _1\"></span>ail r<span class=\"_ _1\"></span>el<span class=\"_ _1\"></span>ati<span class=\"_ _1\"></span>ng to m<span class=\"_ _1\"></span>ove<span class=\"_ _1\"></span>m<span class=\"_ _1\"></span>ent<span class=\"_ _1\"></span>s by s<span class=\"_ _1\"></span>ta<span class=\"_ _1\"></span>ge s<span class=\"_ _1\"></span>e<span class=\"_ _1\"></span>e the R<span class=\"_ _1\"></span>is<span class=\"_ _1\"></span>k rev<span class=\"_ _1\"></span>ie<span class=\"_ _1\"></span>w on p<span class=\"_ _1\"></span>ag<span class=\"_ _1\"></span>es 52-75.<span class=\"_ _383\"> </span>The mortgage loan balances pledged as collateral for liabilities ar<span class=\"_ _6\"></span>e:<span class=\"_ _383\"> </span>2022<span class=\"_ _383\"> </span>\u00a3m<span class=\"_ _383\"> </span>2021<span class=\"_ _383\"> </span>\u00a3m<span class=\"_ _383\"> </span>BoE under TFSME and Index<span class=\"_ _6\"></span>ed Long-<span class=\"_ _9\"></span>T<span class=\"_ _6\"></span>erm Repo (IL<span class=\"_ _1f6\"></span>TR)<span class=\"_ _292\"> </span><span class=\"ff2 lsc6 wsc5\">6<span class=\"_ _2\"></span>,4<span class=\"_ _2\"></span>3<span class=\"_ _2\"></span>9.<span class=\"_ _2\"></span>7<span class=\"_ _1\"></span> <span class=\"_ _d\"> </span></span><span class=\"lsc8 wsc8\">5<span class=\"_ _2\"></span>,<span class=\"_ _3\"> </span>8<span class=\"_ _0\"></span>8<span class=\"_ _2\"></span>7.<span class=\"_ _3\"> </span>2<span class=\"_ _383\"> </span></span>Securitisation<span class=\"_ _183\"> </span><span class=\"ff2 ls81 wsdf\">2<span class=\"_ _1\"></span>6<span class=\"_ _1\"></span>5<span class=\"_ _1\"></span>.4<span class=\"_ _1\"></span> <span class=\"_ _70\"> </span></span><span class=\"ls6f ws75\">486.5</span> <span class=\"_ _224\"> </span><span class=\"ff2 lsc3 wsc2\">6<span class=\"_ _2\"></span>,<span class=\"_ _1\"></span>70<span class=\"_ _2\"></span>5<span class=\"_ _1\"></span>.1<span class=\"_ _2\"></span> <span class=\"_ _d\"> </span></span><span class=\"ls2c ws29\">6,37<span class=\"_ _6\"></span>3.7<span class=\"_ _383\"> </span></span>The Group<span class=\"_ _8\"></span>\u2019<span class=\"_ _6\"></span>s securitisation progr<span class=\"_ _6\"></span>ammes and use of TFSME and IL<span class=\"_ _1f6\"></span>TR result in certain assets being encumbered as collater<span class=\"_ _6\"></span>al against such funding. As at 31 December 2022, the percentage o<span class=\"_ _6\"></span>f the Group<span class=\"_ _8\"></span>\u2019<span class=\"_ _6\"></span>s gross loans and adv<span class=\"_ _6\"></span>ances to customers that ar<span class=\"_ _6\"></span>e encumbered w<span class=\"_ _6\"></span>as 28% (2<span class=\"_ _6\"></span>021: 30%). The table below sho<span class=\"_ _8\"></span>w the movement in loans and adv<span class=\"_ _6\"></span>ances to customers by IFR<span class=\"_ _6\"></span>S 9 stage during the year:<span class=\"_ _383\"> </span>Stage 1<span class=\"_ _383\"> </span>\u00a3m<span class=\"_ _383\"> </span>Stage 2<span class=\"_ _383\"> </span>\u00a3m<span class=\"_ _383\"> </span>Stage 3<span class=\"_ _383\"> </span>\u00a3m<span class=\"_ _383\"> </span>Stage 3 (POCI)<span class=\"_ _383\"> </span>\u00a3m<span class=\"_ _383\"> </span>To<span class=\"_ _1\"></span>t<span class=\"_ _2\"></span>a<span class=\"_ _1\"></span>l<span class=\"_ _383\"> </span>\u00a3m<span class=\"_ _383\"> </span>At 1 January 2<span class=\"_ _6\"></span>021<span class=\"_ _80\"> </span><span class=\"lscc wscd\">16,0<span class=\"_ _1\"></span>6<span class=\"_ _1\"></span>0.<span class=\"_ _1\"></span>3<span class=\"_ _d2\"> </span></span><span class=\"ls2\">2,68<span class=\"_ _1\"></span>9<span class=\"_ _8\"></span>.6<span class=\"_ _5a\"> </span>392.6<span class=\"_ _93\"> </span><span class=\"lsc7 ws7f\">114.<span class=\"_ _1\"></span>6<span class=\"_ _69\"> </span><span class=\"lsc8 wsc8\">1<span class=\"_ _2\"></span>9<span class=\"_ _1\"></span>,<span class=\"_ _0\"> </span>2<span class=\"_ _0\"></span>5<span class=\"_ _0\"></span>7.<span class=\"_ _2\"></span>1<span class=\"_ _383\"> </span></span></span></span>Originations<span class=\"_ _383\"> </span>1<span class=\"_ _383\"> </span>4,<span class=\"_ _2\"></span>5<span class=\"_ _1\"></span>2<span class=\"_ _1\"></span>3<span class=\"_ _1\"></span>.4<span class=\"_ _d9\"> </span><span class=\"ls2 ws2\">\u2013<span class=\"_ _d9\"> </span>\u2013<span class=\"_ _1cc\"> </span>\u2013<span class=\"_ _d2\"> </span></span>4<span class=\"_ _1\"></span>,<span class=\"_ _1\"></span>5<span class=\"_ _1\"></span>2<span class=\"_ _1\"></span>3<span class=\"_ _2\"></span>.4<span class=\"_ _383\"> </span>Acquisitions2<span class=\"_ _383\"> </span>2<span class=\"_ _2\"></span>7<span class=\"_ _3\"> </span>7.<span class=\"_ _0\"></span>7<span class=\"_ _35\"> </span><span class=\"ls2 ws2\">\u2013<span class=\"_ _d9\"> </span>\u2013<span class=\"_ _e5\"> </span>2.7 <span class=\"_ _70\"> </span><span class=\"lsd7 wsd7\">2<span class=\"_ _1\"></span>8<span class=\"_ _2\"></span>0<span class=\"_ _1\"></span>.4<span class=\"_ _383\"> </span></span></span>Disposals2<span class=\"_ _383\"> </span>(2<span class=\"_ _2\"></span>1<span class=\"_ _1\"></span>4<span class=\"_ _1\"></span>.4)<span class=\"_ _3f\"> </span><span class=\"ls2 ws2\">\u2013<span class=\"_ _1cc\"> </span>\u2013<span class=\"_ _1cc\"> </span>\u2013<span class=\"_ _a9\"> </span></span>(<span class=\"_ _1\"></span>2<span class=\"_ _1\"></span>1<span class=\"_ _2\"></span>4.4<span class=\"_ _1\"></span>)<span class=\"_ _383\"> </span>Repayments and writ<span class=\"_ _6\"></span><span class=\"_ _383\">e-offs</span>3<span class=\"_ _383\"> </span>(2,539<span class=\"_ _1f6\"></span>.8)<span class=\"_ _7d\"> </span><span class=\"lscc wscd\">(16<span class=\"_ _1\"></span>0.<span class=\"_ _1\"></span>3)<span class=\"_ _5a\"> </span><span class=\"lsc7 ws7f\">(<span class=\"_ _1\"></span>7<span class=\"_ _1\"></span>8.<span class=\"_ _1\"></span>6)<span class=\"_ _5c\"> </span><span class=\"lsf8 wsfd\">(<span class=\"_ _2\"></span>1<span class=\"_ _2\"></span>9.9<span class=\"_ _2\"></span>)<span class=\"_ _aa\"> </span></span>(2<span class=\"_ _1\"></span>,<span class=\"_ _1\"></span>7<span class=\"_ _1\"></span>98<span class=\"_ _1\"></span>.<span class=\"_ _1\"></span>6)<span class=\"_ _383\"> </span></span></span>T<span class=\"_ _8\"></span>ransfer<span class=\"_ _6\"></span>s:<span class=\"_ _383\"> </span>\u2013 T<span class=\"_ _8\"></span>o Stage 1<span class=\"_ _162\"> </span><span class=\"ls9f wsbc\">1,<span class=\"_ _6\"></span>401.0<span class=\"_ _1\"></span> <span class=\"_ _a5\"> </span>(1,370.2)<span class=\"_ _50\"> </span><span class=\"lscc wscd\">(30<span class=\"_ _1\"></span>.8)<span class=\"_ _20e\"> </span><span class=\"ls2 ws2\">\u2013<span class=\"_ _d9\"> </span>\u2013<span class=\"_ _383\"> </span></span></span></span>\u2013 T<span class=\"_ _8\"></span>o Stage 2<span class=\"_ _210\"> </span><span class=\"lsf8 wsfd\">(<span class=\"_ _2\"></span>1<span class=\"_ _2\"></span>,<span class=\"_ _2\"></span>3<span class=\"_ _2\"></span>3<span class=\"_ _2\"></span>9.<span class=\"_ _2\"></span>7<span class=\"_ _3\"> </span>)<span class=\"_ _69\"> </span><span class=\"ls2c ws29\">1,384.<span class=\"_ _8\"></span>1 <span class=\"_ _91\"> </span><span class=\"lsd7 wsd7\">(<span class=\"_ _2\"></span>4<span class=\"_ _2\"></span>4.4<span class=\"_ _1\"></span>)<span class=\"_ _20e\"> </span><span class=\"ls2 ws2\">\u2013<span class=\"_ _d9\"> </span>\u2013<span class=\"_ _383\"> </span></span></span></span></span>\u2013 T<span class=\"_ _8\"></span>o Stage 3<span class=\"_ _293\"> </span><span class=\"lsf8 wsfd\">(<span class=\"_ _1\"></span>8<span class=\"_ _2\"></span>9.<span class=\"_ _2\"></span>6<span class=\"_ _2\"></span>)<span class=\"_ _3e\"> </span><span class=\"ls7d wse2\">(131<span class=\"_ _6\"></span>.<span class=\"_ _6\"></span>1)<span class=\"_ _70\"> </span><span class=\"lse3 wse7\">220.7 <span class=\"_ _20e\"> </span><span class=\"ls2 ws2\">\u2013<span class=\"_ _d9\"> </span>\u2013<span class=\"_ _383\"> </span></span></span></span></span>At 31 December 2021<span class=\"_ _294\"> </span><span class=\"ls2c ws29\">18,0<span class=\"_ _8\"></span>78.<span class=\"_ _6\"></span>9<span class=\"_ _122\"> </span><span class=\"ls2 ws2\">2,4<span class=\"_ _8\"></span>12.<span class=\"_ _6\"></span>1<span class=\"_ _91\"> </span><span class=\"lsf8 wsfd\">4<span class=\"_ _2\"></span>5<span class=\"_ _2\"></span>9.<span class=\"_ _2\"></span>5<span class=\"_ _1b4\"> </span><span class=\"lsc8 wsc8\">9<span class=\"_ _0\"></span>7.<span class=\"_ _1\"></span>4<span class=\"_ _121\"> </span>2<span class=\"_ _0\"></span>1<span class=\"_ _2\"></span>,<span class=\"_ _0\"></span>0<span class=\"_ _0\"> </span>4<span class=\"_ _2\"></span>7.<span class=\"_ _2\"></span>9<span class=\"_ _383\"> </span></span></span></span></span>Originations<span class=\"_ _383\"> </span>1<span class=\"_ _383\"> </span>5,829<span class=\"_ _8\"></span>.6 <span class=\"_ _3f\"> </span>\u2013<span class=\"_ _116\"> </span>\u2013<span class=\"_ _1cc\"> </span>\u2013<span class=\"_ _66\"> </span>5,829<span class=\"_ _6\"></span>.6 Repayments and writ<span class=\"_ _6\"></span><span class=\"_ _383\">e-offs</span>3<span class=\"_ _383\"> </span>(2<span class=\"_ _1\"></span>,8<span class=\"_ _1\"></span>5<span class=\"_ _1\"></span>5<span class=\"_ _1\"></span>.<span class=\"_ _1\"></span>3)<span class=\"_ _6b\"> </span><span class=\"ls2c ws29\">(353.6)<span class=\"_ _8c\"> </span><span class=\"lsc6 wsc5\">(<span class=\"_ _1\"></span>8<span class=\"_ _2\"></span>9.<span class=\"_ _2\"></span>3<span class=\"_ _1\"></span>)<span class=\"_ _91\"> </span><span class=\"lsa wse4\">(1<span class=\"_ _1\"></span>4<span class=\"_ _1\"></span>.4)<span class=\"_ _202\"> </span><span class=\"lsf9 ws82\">(3,31<span class=\"_ _6\"></span>2.6)<span class=\"_ _383\"> </span></span></span></span></span>T<span class=\"_ _8\"></span>ransfer<span class=\"_ _6\"></span>s:<span class=\"_ _295\"> </span><span class=\"ff2 ls2 ws2\"> <span class=\"_ _11a\"> </span> <span class=\"_ _11a\"> </span> <span class=\"_ _21a\"> </span> <span class=\"_ _11a\"> </span> </span>\u2013 T<span class=\"_ _8\"></span>o Stage 1<span class=\"_ _162\"> </span><span class=\"ff2 lsd7 wsd7\">1<span class=\"_ _1\"></span>,1<span class=\"_ _1\"></span>2<span class=\"_ _1\"></span>1<span class=\"_ _1\"></span>.<span class=\"_ _2\"></span>6<span class=\"_ _1\"></span> <span class=\"_ _1fe\"> </span><span class=\"ls7e ws16\">(1,098.0)<span class=\"_ _8c\"> </span><span class=\"ls1c wsb5\">(2<span class=\"_ _1\"></span>3.<span class=\"_ _1\"></span>6)<span class=\"_ _1da\"> </span><span class=\"ls2 ws2\">\u2013<span class=\"_ _1cc\"> </span>\u2013<span class=\"_ _383\"> </span></span></span></span></span>\u2013 T<span class=\"_ _8\"></span>o Stage 2<span class=\"_ _383\"> </span>4<span class=\"_ _383\"> </span>(3,<span class=\"_ _1\"></span>52<span class=\"_ _1\"></span>4.<span class=\"_ _1\"></span>0)<span class=\"_ _a6\"> </span><span class=\"lsc9 wsc9\">3,<span class=\"_ _1\"></span>574.<span class=\"_ _1\"></span>6 <span class=\"_ _98\"> </span><span class=\"ls88 wse3\">(5<span class=\"_ _1\"></span>0.<span class=\"_ _1\"></span>6)<span class=\"_ _1da\"> </span><span class=\"ls2 ws2\">\u2013<span class=\"_ _1cc\"> </span>\u2013<span class=\"_ _383\"> </span></span></span></span>\u2013 T<span class=\"_ _8\"></span>o Stage 3<span class=\"_ _296\"> </span><span class=\"ff2 ls2\">(86.<span class=\"_ _8\"></span>9)<span class=\"_ _73\"> </span><span class=\"lscb wscb\">(<span class=\"_ _1\"></span>118<span class=\"_ _1\"></span>.8<span class=\"_ _1\"></span>)<span class=\"_ _73\"> </span></span>205.7 <span class=\"_ _3f\"> </span>\u2013<span class=\"_ _1cc\"> </span>\u2013<span class=\"_ _383\"> </span></span>At 31 December 2022<span class=\"_ _e2\"> </span><span class=\"lsf9 ws82\">18,563.<span class=\"_ _8\"></span>9 <span class=\"_ _89\"> </span><span class=\"ls2 ws2\">4,4<span class=\"_ _8\"></span>16.3 <span class=\"_ _8c\"> </span>501.7 <span class=\"_ _18d\"> </span><span class=\"ls7e ws16\">83.0<span class=\"_ _1\"></span> <span class=\"_ _3a\"> </span><span class=\"lsc5 wsc4\">2<span class=\"_ _1\"></span>3<span class=\"_ _1\"></span>,<span class=\"_ _2\"></span>5<span class=\"_ _1\"></span>6<span class=\"_ _1\"></span>4<span class=\"_ _1\"></span>.9<span class=\"_ _2\"></span> </span></span></span></span>1. <span class=\"_ _41\"> </span>Or<span class=\"_ _1\"></span>igi<span class=\"_ _1\"></span>na<span class=\"_ _1\"></span>tio<span class=\"_ _1\"></span>ns i<span class=\"_ _1\"></span>nc<span class=\"_ _1\"></span>lud<span class=\"_ _1\"></span>e fu<span class=\"_ _1\"></span>r<span class=\"_ _1\"></span>th<span class=\"_ _1\"></span>er a<span class=\"_ _1\"></span>dva<span class=\"_ _1\"></span>nc<span class=\"_ _1\"></span>es a<span class=\"_ _1\"></span>nd d<span class=\"_ _1\"></span>raw<span class=\"_ _1\"></span>do<span class=\"_ _1\"></span>wn<span class=\"_ _1\"></span>s on ex<span class=\"_ _1\"></span>is<span class=\"_ _1\"></span>tin<span class=\"_ _1\"></span>g co<span class=\"_ _1\"></span>mmi<span class=\"_ _1\"></span>tm<span class=\"_ _1\"></span>ent<span class=\"_ _1\"></span>s. 2. <span class=\"_ _34\"> </span> <span class=\"_ _7\"></span>The G<span class=\"_ _1\"></span>ro<span class=\"_ _1\"></span>up a<span class=\"_ _1\"></span>cte<span class=\"_ _1\"></span>d a<span class=\"_ _1\"></span>s co<span class=\"_ _1\"></span>-a<span class=\"_ _1\"></span>rra<span class=\"_ _1\"></span>ng<span class=\"_ _1\"></span>er i<span class=\"_ _1\"></span>n the r<span class=\"_ _1\"></span>e-<span class=\"_ _1\"></span>se<span class=\"_ _1\"></span>cu<span class=\"_ _1\"></span>rit<span class=\"_ _1\"></span>isa<span class=\"_ _1\"></span>tio<span class=\"_ _1\"></span>n of \u00a3<span class=\"_ _1\"></span>229.6m of th<span class=\"_ _1\"></span>ird p<span class=\"_ _1\"></span>ar<span class=\"_ _1\"></span>ty m<span class=\"_ _1\"></span>or<span class=\"_ _1\"></span>t<span class=\"_ _1\"></span>ga<span class=\"_ _1\"></span>ge<span class=\"_ _1\"></span>s fro<span class=\"_ _1\"></span>m th<span class=\"_ _1\"></span>e Ro<span class=\"_ _1\"></span>ch<span class=\"_ _1\"></span>es<span class=\"_ _1\"></span>te<span class=\"_ _1\"></span>r Fin<span class=\"_ _1\"></span>an<span class=\"_ _1\"></span>ci<span class=\"_ _1\"></span>ng N<span class=\"_ _1\"></span>o.2 P<span class=\"_ _1\"></span>LC se<span class=\"_ _1\"></span>cur<span class=\"_ _1\"></span>iti<span class=\"_ _1\"></span>sa<span class=\"_ _1\"></span>tio<span class=\"_ _1\"></span>n to th<span class=\"_ _1\"></span>e ne<span class=\"_ _1\"></span>w Ro<span class=\"_ _1\"></span>ch<span class=\"_ _1\"></span>es<span class=\"_ _1\"></span>ter F<span class=\"_ _1\"></span>in<span class=\"_ _1\"></span>an<span class=\"_ _1\"></span>cin<span class=\"_ _1\"></span>g No.<span class=\"_ _1\"></span>3 PLC se<span class=\"_ _1\"></span>c<span class=\"_ _1\"></span>uri<span class=\"_ _1\"></span>tis<span class=\"_ _1\"></span>ati<span class=\"_ _1\"></span>on o<span class=\"_ _1\"></span>n 15 Ju<span class=\"_ _1\"></span>ne 20<span class=\"_ _1\"></span>21. N<span class=\"_ _1\"></span>ei<span class=\"_ _1\"></span>the<span class=\"_ _1\"></span>r s<span class=\"_ _1\"></span>ec<span class=\"_ _1\"></span>uri<span class=\"_ _1\"></span>tis<span class=\"_ _1\"></span>ati<span class=\"_ _1\"></span>on i<span class=\"_ _1\"></span>s a su<span class=\"_ _1\"></span>bs<span class=\"_ _1\"></span>idi<span class=\"_ _1\"></span>ary o<span class=\"_ _1\"></span>f th<span class=\"_ _1\"></span>e Gro<span class=\"_ _1\"></span>up. U<span class=\"_ _1\"></span>nd<span class=\"_ _1\"></span>er t<span class=\"_ _1\"></span>he t<span class=\"_ _1\"></span>erm<span class=\"_ _1\"></span>s of th<span class=\"_ _1\"></span>e mo<span class=\"_ _1\"></span>r<span class=\"_ _1\"></span>tg<span class=\"_ _1\"></span>ag<span class=\"_ _1\"></span>e sa<span class=\"_ _1\"></span>le a<span class=\"_ _1\"></span>gre<span class=\"_ _1\"></span>e<span class=\"_ _1\"></span>me<span class=\"_ _1\"></span>nts<span class=\"_ _1\"></span>, th<span class=\"_ _1\"></span>e Gro<span class=\"_ _1\"></span>up r<span class=\"_ _1\"></span>ec<span class=\"_ _1\"></span>o<span class=\"_ _1\"></span>gni<span class=\"_ _1\"></span>se<span class=\"_ _1\"></span>d th<span class=\"_ _1\"></span>e mo<span class=\"_ _1\"></span>r<span class=\"_ _1\"></span>tga<span class=\"_ _1\"></span>ge<span class=\"_ _1\"></span>s as a p<span class=\"_ _1\"></span>ur<span class=\"_ _1\"></span>ch<span class=\"_ _1\"></span>as<span class=\"_ _1\"></span>e fro<span class=\"_ _1\"></span>m Ro<span class=\"_ _1\"></span>ch<span class=\"_ _1\"></span>e<span class=\"_ _1\"></span>ste<span class=\"_ _1\"></span>r Fi<span class=\"_ _1\"></span>nan<span class=\"_ _1\"></span>ci<span class=\"_ _1\"></span>ng N<span class=\"_ _1\"></span>o.<span class=\"_ _1\"></span>2 PLC and i<span class=\"_ _1\"></span>mm<span class=\"_ _1\"></span>ed<span class=\"_ _1\"></span>ia<span class=\"_ _1\"></span>tel<span class=\"_ _1\"></span>y de<span class=\"_ _1\"></span>re<span class=\"_ _1\"></span>co<span class=\"_ _1\"></span>gn<span class=\"_ _1\"></span>is<span class=\"_ _1\"></span>ed t<span class=\"_ _1\"></span>he<span class=\"_ _1\"></span>m as a s<span class=\"_ _1\"></span>al<span class=\"_ _1\"></span>e to Ro<span class=\"_ _1\"></span>ch<span class=\"_ _1\"></span>es<span class=\"_ _1\"></span>te<span class=\"_ _1\"></span>r Fin<span class=\"_ _1\"></span>an<span class=\"_ _1\"></span>ci<span class=\"_ _1\"></span>ng N<span class=\"_ _1\"></span>o.3 P<span class=\"_ _1\"></span>LC. On<span class=\"_ _1\"></span>eS<span class=\"_ _1\"></span>a<span class=\"_ _1\"></span>vin<span class=\"_ _1\"></span>gs B<span class=\"_ _1\"></span>an<span class=\"_ _1\"></span>k pl<span class=\"_ _1\"></span>c is t<span class=\"_ _1\"></span>he m<span class=\"_ _1\"></span>as<span class=\"_ _1\"></span>ter s<span class=\"_ _1\"></span>e<span class=\"_ _1\"></span>r<span class=\"_ _1\"></span>vi<span class=\"_ _1\"></span>ce<span class=\"_ _1\"></span>r of th<span class=\"_ _1\"></span>e m<span class=\"_ _1\"></span>or<span class=\"_ _1\"></span>tg<span class=\"_ _1\"></span>ag<span class=\"_ _1\"></span>es<span class=\"_ _1\"></span>, an<span class=\"_ _1\"></span>d ha<span class=\"_ _1\"></span>s ret<span class=\"_ _1\"></span>ain<span class=\"_ _1\"></span>e<span class=\"_ _1\"></span>d 5% of th<span class=\"_ _1\"></span>es<span class=\"_ _1\"></span>e mo<span class=\"_ _1\"></span>r<span class=\"_ _1\"></span>tga<span class=\"_ _1\"></span>ge<span class=\"_ _1\"></span>s, a<span class=\"_ _1\"></span>s re<span class=\"_ _1\"></span>qu<span class=\"_ _1\"></span>ir<span class=\"_ _1\"></span>ed u<span class=\"_ _1\"></span>nd<span class=\"_ _1\"></span>er th<span class=\"_ _1\"></span>e re<span class=\"_ _1\"></span>te<span class=\"_ _1\"></span>ntio<span class=\"_ _1\"></span>n ru<span class=\"_ _1\"></span>le<span class=\"_ _1\"></span>s. I<span class=\"_ _1\"></span>n ad<span class=\"_ _1\"></span>diti<span class=\"_ _1\"></span>on t<span class=\"_ _1\"></span>o the G<span class=\"_ _1\"></span>ro<span class=\"_ _1\"></span>up ac<span class=\"_ _1\"></span>tin<span class=\"_ _1\"></span>g as c<span class=\"_ _1\"></span>o-<span class=\"_ _1\"></span>arr<span class=\"_ _1\"></span>an<span class=\"_ _1\"></span>ge<span class=\"_ _1\"></span>r fo<span class=\"_ _1\"></span>r the r<span class=\"_ _1\"></span>e-<span class=\"_ _1\"></span>se<span class=\"_ _1\"></span>cu<span class=\"_ _1\"></span>rit<span class=\"_ _1\"></span>is<span class=\"_ _1\"></span>atio<span class=\"_ _1\"></span>n of R<span class=\"_ _1\"></span>oc<span class=\"_ _1\"></span>he<span class=\"_ _1\"></span>st<span class=\"_ _1\"></span>er F<span class=\"_ _1\"></span>ina<span class=\"_ _1\"></span>nc<span class=\"_ _1\"></span>in<span class=\"_ _1\"></span>g No.<span class=\"_ _1\"></span>2 PLC, th<span class=\"_ _1\"></span>e Gr<span class=\"_ _1\"></span>oup p<span class=\"_ _1\"></span>ur<span class=\"_ _1\"></span>ch<span class=\"_ _1\"></span>as<span class=\"_ _1\"></span>ed a<span class=\"_ _1\"></span>n ex<span class=\"_ _1\"></span>te<span class=\"_ _1\"></span>rn<span class=\"_ _1\"></span>al mo<span class=\"_ _1\"></span>r<span class=\"_ _1\"></span>tg<span class=\"_ _1\"></span>ag<span class=\"_ _1\"></span>e bo<span class=\"_ _1\"></span>ok, a c<span class=\"_ _1\"></span>. \u00a35<span class=\"_ _1\"></span>5m p<span class=\"_ _1\"></span>or<span class=\"_ _1\"></span>t<span class=\"_ _1\"></span>fo<span class=\"_ _1\"></span>lio o<span class=\"_ _1\"></span>f UK r<span class=\"_ _1\"></span>es<span class=\"_ _1\"></span>id<span class=\"_ _1\"></span>en<span class=\"_ _1\"></span>tia<span class=\"_ _1\"></span>l mo<span class=\"_ _1\"></span>rt<span class=\"_ _1\"></span>ga<span class=\"_ _1\"></span>ge<span class=\"_ _1\"></span>s, a<span class=\"_ _1\"></span>t a dis<span class=\"_ _1\"></span>co<span class=\"_ _1\"></span>un<span class=\"_ _1\"></span>t to the t<span class=\"_ _1\"></span>he<span class=\"_ _1\"></span>n cu<span class=\"_ _1\"></span>rre<span class=\"_ _1\"></span>nt b<span class=\"_ _1\"></span>al<span class=\"_ _1\"></span>an<span class=\"_ _1\"></span>ce<span class=\"_ _1\"></span>s.<span class=\"_ _383\"> </span>3. <span class=\"_ _34\"> </span> <span class=\"_ _7\"></span>Rep<span class=\"_ _1\"></span>ay<span class=\"_ _1\"></span>me<span class=\"_ _1\"></span>nt<span class=\"_ _1\"></span>s and w<span class=\"_ _1\"></span>ri<span class=\"_ _1\"></span>te<span class=\"_ _1\"></span><span class=\"_ _383\">-off</span><span class=\"_ _1\"></span>s in<span class=\"_ _1\"></span>cl<span class=\"_ _1\"></span>ud<span class=\"_ _1\"></span>e cu<span class=\"_ _1\"></span>sto<span class=\"_ _1\"></span>m<span class=\"_ _1\"></span>er re<span class=\"_ _1\"></span>d<span class=\"_ _1\"></span>em<span class=\"_ _1\"></span>pti<span class=\"_ _1\"></span>on<span class=\"_ _1\"></span>s and w<span class=\"_ _1\"></span>ri<span class=\"_ _1\"></span>te-<span class=\"_ _1\"></span><span class=\"_ _383\">off</span><span class=\"_ _1\"></span>s wh<span class=\"_ _1\"></span>ic<span class=\"_ _1\"></span>h ar<span class=\"_ _1\"></span>e imm<span class=\"_ _1\"></span>ate<span class=\"_ _1\"></span>ri<span class=\"_ _1\"></span>al.<span class=\"_ _383\"> </span>4. <span class=\"_ _34\"> </span>Fo<span class=\"_ _1\"></span>r fur<span class=\"_ _1\"></span>t<span class=\"_ _1\"></span>he<span class=\"_ _1\"></span>r de<span class=\"_ _1\"></span>tai<span class=\"_ _1\"></span>ls re<span class=\"_ _1\"></span>la<span class=\"_ _1\"></span>tin<span class=\"_ _1\"></span>g to m<span class=\"_ _1\"></span>ove<span class=\"_ _1\"></span>me<span class=\"_ _1\"></span>nt<span class=\"_ _1\"></span>s by s<span class=\"_ _1\"></span>tag<span class=\"_ _1\"></span>e se<span class=\"_ _1\"></span>e Ri<span class=\"_ _1\"></span>sk r<span class=\"_ _1\"></span>ev<span class=\"_ _1\"></span>iew o<span class=\"_ _1\"></span>n p<span class=\"_ _1\"></span>ag<span class=\"_ _1\"></span>es 52-<span class=\"_ _6\"></span>75<span class=\"_ _1\"></span>.<span class=\"_ _383\"> </span>The contractual amoun<span class=\"_ _6\"></span>t outst<span class=\"_ _6\"></span>anding on loans and advances that wer<span class=\"_ _6\"></span><span class=\"_ _383\">e written off during the reporting period and are s</span><span class=\"_ _6\"></span>till subject to collections and recov<span class=\"_ _6\"></span>ery activity is \u00a30<span class=\"_ _6\"></span>.8m at 31 December 2022 (<span class=\"_ _6\"></span>2021: \u00a31.5m).<span class=\"_ _383\"> </span>As at 31 December 2022, \u00a3110.<span class=\"_ _8\"></span>0m of loans and advances (2021: \u00a39<span class=\"_ _8\"></span>7<span class=\"_ _1f6\"></span>.<span class=\"_ _8\"></span>4m) are in a probation period bef<span class=\"_ _6\"></span>ore they can mov<span class=\"_ _8\"></span>e out of Stage 3, <span class=\"ls2\"> </span>see note 1 p) f<span class=\"_ _6\"></span>or further details. ",
   "dimensions": {
    "concept": "osbgroupplc:DisclosureOfLoansAndAdvances",
    "language": "en",
    "entity": "scheme:213800ZBKL9BHSL2K459",
    "period": "2022-01-01T00:00:00/2023-01-01T00:00:00"
   }
  },
  "fact-518": {
   "value": "<span class=\"_ _383\">18.\u2002Loa</span><span class=\"_ _1\"></span>ns and a<span class=\"_ _1\"></span>dvanc<span class=\"_ _1\"></span>es to c<span class=\"_ _1\"></span>re<span class=\"_ _1\"></span>dit inst<span class=\"_ _1\"></span>itution<span class=\"_ _1\"></span>s<span class=\"_ _383\"> </span>2022<span class=\"_ _383\"> </span>\u00a3m<span class=\"_ _383\"> </span>2021<span class=\"_ _383\"> </span>\u00a3m<span class=\"_ _383\"> </span>Unencumbered:<span class=\"_ _27d\"> </span><span class=\"ls2 ws2\"> </span>BoE call account<span class=\"_ _21e\"> </span><span class=\"ff2 ls2\">2,<span class=\"_ _1\"></span>806.5<span class=\"_ _40\"> </span></span><span class=\"lsd7 wsd7\">2<span class=\"_ _1\"></span>,4<span class=\"_ _1\"></span>9<span class=\"_ _2\"></span>6<span class=\"_ _1\"></span>.4<span class=\"_ _383\"> </span></span>Call accounts<span class=\"_ _186\"> </span><span class=\"ff2 ls7f wse1\">73.<span class=\"_ _1\"></span>2<span class=\"_ _55\"> </span></span><span class=\"ls2c ws29\">43.3<span class=\"_ _383\"> </span></span>Cash held in special purpose vehicles (SPV<span class=\"_ _8\"></span>s)1<span class=\"_ _383\"> </span>63.8<span class=\"_ _254\"> </span><span class=\"ff1 lsf8 wsfd\">8<span class=\"_ _2\"></span>9.<span class=\"_ _2\"></span>6<span class=\"_ _383\"> </span></span>T<span class=\"_ _8\"></span>erm deposits<span class=\"_ _27e\"> </span><span class=\"ff2 ws6e\">10.2<span class=\"_ _5f\"> </span></span><span class=\"ls86 wsf1\">6<span class=\"_ _1\"></span>.9<span class=\"_ _383\"> </span></span>Encumbered:<span class=\"_ _27f\"> </span><span class=\"ls2 ws2\"> </span>BoE cash ratio deposit<span class=\"_ _280\"> </span><span class=\"ff2 ls12 wsf\">62.<span class=\"_ _1\"></span>8<span class=\"_ _4f\"> </span></span><span class=\"lsf8 wsfd\">5<span class=\"_ _2\"></span>9.<span class=\"_ _1\"></span>5<span class=\"_ _383\"> </span></span>Cash held in SPV<span class=\"_ _6\"></span>s<span class=\"_ _383\"> </span>1<span class=\"_ _383\"> </span>111.<span class=\"_ _1\"></span>8<span class=\"_ _96\"> </span><span class=\"ff1 ls2c ws29\">48.0<span class=\"_ _383\"> </span></span>Cash margin giv<span class=\"_ _6\"></span>en<span class=\"_ _281\"> </span><span class=\"ff2 lsc4 wsc3\">2<span class=\"_ _2\"></span>3<span class=\"_ _0\"></span>7.<span class=\"_ _2\"></span>4<span class=\"_ _37\"> </span></span><span class=\"lsf8 wsfd\">9<span class=\"_ _2\"></span>9.<span class=\"_ _1\"></span>9</span> <span class=\"_ _282\"> </span><span class=\"ff2 lsf9 ws82\">3,365.<span class=\"_ _6\"></span>7<span class=\"_ _6e\"> </span><span class=\"ff1 ls2c ws29\">2,843.6<span class=\"_ _383\"> </span></span></span>1. <span class=\"_ _41\"> </span> <span class=\"_ _23\"></span>C<span class=\"_ _1\"></span>a<span class=\"_ _1\"></span>sh h<span class=\"_ _1\"></span>el<span class=\"_ _1\"></span>d in S<span class=\"_ _1\"></span>PVs is r<span class=\"_ _1\"></span>ing<span class=\"_ _1\"></span>-fen<span class=\"_ _1\"></span>ce<span class=\"_ _1\"></span>d fo<span class=\"_ _1\"></span>r us<span class=\"_ _1\"></span>e in m<span class=\"_ _1\"></span>an<span class=\"_ _1\"></span>agi<span class=\"_ _1\"></span>ng t<span class=\"_ _1\"></span>he G<span class=\"_ _1\"></span>rou<span class=\"_ _1\"></span>p\u2019s sec<span class=\"_ _1\"></span>uri<span class=\"_ _1\"></span>tis<span class=\"_ _1\"></span>e<span class=\"_ _1\"></span>d de<span class=\"_ _1\"></span>bt fa<span class=\"_ _1\"></span>ci<span class=\"_ _1\"></span>lit<span class=\"_ _1\"></span>ie<span class=\"_ _1\"></span>s und<span class=\"_ _1\"></span>er t<span class=\"_ _1\"></span>he te<span class=\"_ _1\"></span>rm<span class=\"_ _1\"></span>s of s<span class=\"_ _1\"></span>ec<span class=\"_ _1\"></span>ur<span class=\"_ _1\"></span>iti<span class=\"_ _1\"></span>sat<span class=\"_ _1\"></span>io<span class=\"_ _1\"></span>n agr<span class=\"_ _1\"></span>ee<span class=\"_ _1\"></span>m<span class=\"_ _1\"></span>ent<span class=\"_ _1\"></span>s. C<span class=\"_ _1\"></span>as<span class=\"_ _1\"></span>h he<span class=\"_ _1\"></span>ld i<span class=\"_ _1\"></span>n SP<span class=\"_ _1\"></span>Vs is tr<span class=\"_ _1\"></span>ea<span class=\"_ _1\"></span>te<span class=\"_ _1\"></span>d as un<span class=\"_ _1\"></span>en<span class=\"_ _1\"></span>cu<span class=\"_ _1\"></span>mb<span class=\"_ _1\"></span>er<span class=\"_ _1\"></span>ed i<span class=\"_ _1\"></span>n pr<span class=\"_ _1\"></span>op<span class=\"_ _1\"></span>or<span class=\"_ _1\"></span>t<span class=\"_ _1\"></span>ion t<span class=\"_ _1\"></span>o the r<span class=\"_ _1\"></span>eta<span class=\"_ _1\"></span>in<span class=\"_ _1\"></span>ed i<span class=\"_ _1\"></span>nte<span class=\"_ _1\"></span>re<span class=\"_ _1\"></span>st i<span class=\"_ _1\"></span>n the S<span class=\"_ _1\"></span>P<span class=\"_ _1\"></span>V ba<span class=\"_ _1\"></span>se<span class=\"_ _1\"></span>d on t<span class=\"_ _1\"></span>he n<span class=\"_ _1\"></span>om<span class=\"_ _1\"></span>ina<span class=\"_ _1\"></span>l val<span class=\"_ _1\"></span>ue o<span class=\"_ _1\"></span>f the b<span class=\"_ _1\"></span>on<span class=\"_ _1\"></span>ds h<span class=\"_ _1\"></span>e<span class=\"_ _1\"></span>ld b<span class=\"_ _1\"></span>y the G<span class=\"_ _1\"></span>ro<span class=\"_ _1\"></span>up to to<span class=\"_ _1\"></span>tal b<span class=\"_ _1\"></span>on<span class=\"_ _1\"></span>ds i<span class=\"_ _1\"></span>n th<span class=\"_ _1\"></span>e se<span class=\"_ _1\"></span>cu<span class=\"_ _1\"></span>rit<span class=\"_ _1\"></span>isa<span class=\"_ _1\"></span>tio<span class=\"_ _1\"></span>n, a<span class=\"_ _1\"></span>nd inc<span class=\"_ _1\"></span>lu<span class=\"_ _1\"></span>de<span class=\"_ _1\"></span>d in c<span class=\"_ _1\"></span>as<span class=\"_ _1\"></span>h an<span class=\"_ _1\"></span>d ca<span class=\"_ _1\"></span>sh e<span class=\"_ _1\"></span>qu<span class=\"_ _1\"></span>iva<span class=\"_ _1\"></span>le<span class=\"_ _1\"></span>nt<span class=\"_ _1\"></span>s. C<span class=\"_ _1\"></span>as<span class=\"_ _1\"></span>h ret<span class=\"_ _1\"></span>ain<span class=\"_ _1\"></span>e<span class=\"_ _1\"></span>d in SP<span class=\"_ _1\"></span>Vs de<span class=\"_ _1\"></span>si<span class=\"_ _1\"></span>gna<span class=\"_ _1\"></span>te<span class=\"_ _1\"></span>d as c<span class=\"_ _1\"></span>as<span class=\"_ _1\"></span>h re<span class=\"_ _1\"></span>se<span class=\"_ _1\"></span>r<span class=\"_ _1\"></span>ve c<span class=\"_ _1\"></span>re<span class=\"_ _1\"></span>di<span class=\"_ _1\"></span>t enh<span class=\"_ _1\"></span>an<span class=\"_ _1\"></span>ce<span class=\"_ _1\"></span>m<span class=\"_ _1\"></span>ent i<span class=\"_ _1\"></span>s tre<span class=\"_ _1\"></span>at<span class=\"_ _1\"></span>ed a<span class=\"_ _1\"></span>s en<span class=\"_ _1\"></span>cu<span class=\"_ _1\"></span>mb<span class=\"_ _1\"></span>er<span class=\"_ _1\"></span>ed i<span class=\"_ _1\"></span>n pr<span class=\"_ _1\"></span>op<span class=\"_ _1\"></span>or<span class=\"_ _1\"></span>ti<span class=\"_ _1\"></span>on t<span class=\"_ _1\"></span>o the ex<span class=\"_ _1\"></span>t<span class=\"_ _1\"></span>er<span class=\"_ _1\"></span>nal ho<span class=\"_ _1\"></span>ldi<span class=\"_ _1\"></span>ng<span class=\"_ _1\"></span>s in th<span class=\"_ _1\"></span>e SP<span class=\"_ _1\"></span>V an<span class=\"_ _1\"></span>d exc<span class=\"_ _1\"></span>lud<span class=\"_ _1\"></span>e<span class=\"_ _1\"></span>d fro<span class=\"_ _1\"></span>m ca<span class=\"_ _1\"></span>sh a<span class=\"_ _1\"></span>nd c<span class=\"_ _1\"></span>as<span class=\"_ _1\"></span>h e<span class=\"_ _1\"></span>qui<span class=\"_ _1\"></span>val<span class=\"_ _1\"></span>en<span class=\"_ _1\"></span>ts<span class=\"_ _1\"></span>.<span class=\"_ _383\"> </span>",
   "dimensions": {
    "concept": "ifrs-full:DisclosureOfLoansAndAdvancesToBanksExplanatory",
    "language": "en",
    "entity": "scheme:213800ZBKL9BHSL2K459",
    "period": "2022-01-01T00:00:00/2023-01-01T00:00:00"
   }
  },
  "fact-519": {
   "value": "19<span class=\"_ _8\"></span><span class=\"_ _383\">.\u2002Inves</span><span class=\"_ _1\"></span>tme<span class=\"_ _1\"></span>nt se<span class=\"_ _1\"></span>curiti<span class=\"_ _1\"></span>es<span class=\"_ _383\"> </span>2022<span class=\"_ _383\"> </span>\u00a3m<span class=\"_ _383\"> </span>2021<span class=\"_ _383\"> </span>\u00a3m<span class=\"_ _383\"> </span>Held at amortised c<span class=\"_ _1\"></span>ost:<span class=\"_ _1eb\"> </span><span class=\"ls2\"> </span>UK Sov<span class=\"_ _6\"></span>ereign debt<span class=\"_ _283\"> </span><span class=\"ff2 ls2\">\u2013<span class=\"_ _91\"> </span></span><span class=\"ws6e\">1<span class=\"_ _1\"></span>00.0<span class=\"_ _383\"> </span></span>RMBS loan notes<span class=\"_ _284\"> </span><span class=\"ff2 ls12 wsf\">262.<span class=\"_ _1\"></span>6<span class=\"_ _e8\"> </span></span><span class=\"lsed wsf2\">2<span class=\"_ _1\"></span>2<span class=\"_ _1\"></span>3<span class=\"_ _1\"></span>.1<span class=\"_ _383\"> </span></span>262.<span class=\"_ _1\"></span>6<span class=\"_ _e8\"> </span><span class=\"ff1 lsed wsf2\">3<span class=\"_ _1\"></span>2<span class=\"_ _1\"></span>3<span class=\"_ _1\"></span>.1<span class=\"_ _383\"> </span></span>Less: Expecte<span class=\"_ _6\"></span>d credit losses<span class=\"_ _285\"> </span><span class=\"ff2 ls2\">\u2013<span class=\"_ _1cc\"> </span><span class=\"ff1\">\u2013</span></span> <span class=\"_ _286\"> </span><span class=\"ff2 ls12 wsf\">262.<span class=\"_ _1\"></span>6<span class=\"_ _e8\"> </span></span><span class=\"lsed wsf2\">3<span class=\"_ _1\"></span>2<span class=\"_ _1\"></span>3<span class=\"_ _1\"></span>.1<span class=\"_ _383\"> </span></span>Held at FVOCI:<span class=\"_ _279\"> </span><span class=\"ls2\"> </span>UK Sov<span class=\"_ _6\"></span>ereign debt<span class=\"_ _383\"> </span>1<span class=\"_ _383\"> </span>149<span class=\"_ _8\"></span>.8<span class=\"_ _93\"> </span><span class=\"ff1 lsed wsf2\">1<span class=\"_ _1\"></span>5<span class=\"_ _1\"></span>2<span class=\"_ _2\"></span>.1<span class=\"_ _383\"> </span></span>RMBS loan notes<span class=\"_ _27d\"> </span><span class=\"ff2 ls2\">\u2013<span class=\"_ _61\"> </span></span><span class=\"ls9f wsbc\">15.5<span class=\"_ _383\"> </span></span>149<span class=\"_ _8\"></span>.8<span class=\"_ _93\"> </span><span class=\"ff1 lsc8 wsc8\">1<span class=\"_ _2\"></span>6<span class=\"_ _2\"></span>7.<span class=\"_ _0\"></span>6<span class=\"_ _383\"> </span></span>Held at FV<span class=\"_ _1\"></span>TPL:<span class=\"_ _287\"> </span><span class=\"ls2\"> </span>RMBS loan notes<span class=\"_ _288\"> </span><span class=\"ff2 ws6e\">0.5<span class=\"_ _e5\"> </span></span><span class=\"ls9f wsbc\">0.7<span class=\"_ _383\"> </span></span>0.5<span class=\"_ _e5\"> </span><span class=\"ff1 ls9f wsbc\">0.7</span> <span class=\"_ _289\"> </span><span class=\"ff2 lsc5 wsc4\">41<span class=\"_ _1\"></span>2<span class=\"_ _2\"></span>.9<span class=\"_ _e8\"> </span></span><span class=\"lsd7 wsd7\">4<span class=\"_ _1\"></span>9<span class=\"_ _2\"></span>1<span class=\"_ _1\"></span>.4<span class=\"_ _383\"> </span></span>1. In<span class=\"_ _1\"></span>clu<span class=\"_ _1\"></span>de<span class=\"_ _1\"></span>s \u00a3<span class=\"_ _1\"></span>90.0<span class=\"_ _1\"></span>m of U<span class=\"_ _1\"></span>K Treas<span class=\"_ _1\"></span>ur<span class=\"_ _1\"></span>y bil<span class=\"_ _1\"></span>ls w<span class=\"_ _1\"></span>hic<span class=\"_ _1\"></span>h ha<span class=\"_ _1\"></span>d a m<span class=\"_ _1\"></span>atur<span class=\"_ _1\"></span>ity of l<span class=\"_ _1\"></span>es<span class=\"_ _1\"></span>s th<span class=\"_ _1\"></span>an th<span class=\"_ _1\"></span>re<span class=\"_ _1\"></span>e mo<span class=\"_ _1\"></span>nth<span class=\"_ _1\"></span>s fr<span class=\"_ _1\"></span>om d<span class=\"_ _1\"></span>ate of a<span class=\"_ _1\"></span>cq<span class=\"_ _1\"></span>ui<span class=\"_ _1\"></span>sit<span class=\"_ _1\"></span>io<span class=\"_ _1\"></span>n (2021: ni<span class=\"_ _1\"></span>l).<span class=\"_ _383\"> </span>At 31 December 2022, the Gr<span class=\"_ _6\"></span>oup had no RMBS held at FVOCI or FVTPL (2021: nil) and \u00a311.<span class=\"_ _6\"></span>5m of RMBS held at amortised cost (2<span class=\"_ _6\"></span>021: \u00a3119<span class=\"_ _1f6\"></span>.5m) sold under repos<span class=\"_ _6\"></span>. The Director<span class=\"_ _6\"></span>s consider that the primary purpose of holding inv<span class=\"_ _6\"></span>estment securities is prudential. These securities ar<span class=\"_ _6\"></span>e held as liquid assets with the inten<span class=\"_ _6\"></span>tion of use on a continuing basis in the Group<span class=\"_ _8\"></span>\u2019<span class=\"_ _8\"></span>s activities and are classi\ufb01ed as amortised cost, FVOCI and FVTPL in accordance with the Group<span class=\"_ _8\"></span>\u2019<span class=\"_ _6\"></span>s business model for each security.<span class=\"_ _383\"> </span>The credit risk on in<span class=\"_ _6\"></span>vestmen<span class=\"_ _6\"></span>t securities held at amortised cost has not signi\ufb01cantly increase<span class=\"_ _6\"></span>d since initial recognition and they are categorised as s<span class=\"_ _6\"></span>tage 1. The ECLs are less than \u00a30<span class=\"_ _8\"></span>.1m.<span class=\"_ _383\"> </span>Mov<span class=\"_ _6\"></span>ements during the year in in<span class=\"_ _6\"></span>ves<span class=\"_ _6\"></span>tment securities held by the Group are analyse<span class=\"_ _6\"></span>d as follow<span class=\"_ _6\"></span>s:<span class=\"_ _383\"> </span>2022<span class=\"_ _383\"> </span>\u00a3m<span class=\"_ _383\"> </span>2021<span class=\"_ _383\"> </span>\u00a3m<span class=\"_ _383\"> </span>At 1 January <span class=\"_ _28a\"> </span><span class=\"ff2 ls81 wsdf\">49<span class=\"_ _2\"></span>1.4<span class=\"_ _5c\"> </span></span><span class=\"lsee wsf3\">47<span class=\"_ _1\"></span>1<span class=\"_ _2\"></span>.<span class=\"_ _2\"></span>2<span class=\"_ _383\"> </span></span><span class=\"_ _383\">\u2002\u2002Additions</span>1<span class=\"_ _383\"> </span>686.5<span class=\"_ _50\"> </span><span class=\"ff1 lsff ws91\">568.2<span class=\"_ _383\"> </span></span><span class=\"_ _383\">\u2002\u2002Disposals and maturities<span class=\"_ _383\"> </span></span>2<span class=\"_ _383\"> </span>(<span class=\"_ _2\"></span>76<span class=\"_ _2\"></span>4<span class=\"_ _1\"></span>.<span class=\"_ _1\"></span>4)<span class=\"_ _73\"> </span><span class=\"ff1 lsf8 wsfd\">(<span class=\"_ _0\"></span>5<span class=\"_ _2\"></span>4<span class=\"_ _2\"></span>9.<span class=\"_ _1\"></span>7<span class=\"_ _3\"> </span>)<span class=\"_ _383\"> </span></span><span class=\"_ _383\">\u2002\u2002Mov</span><span class=\"_ _6\"></span>ement in accrued inter<span class=\"_ _6\"></span>est<span class=\"_ _28b\"> </span><span class=\"ff2 lsc5 wsc4\">(0<span class=\"_ _1\"></span>.9<span class=\"_ _1\"></span>)<span class=\"_ _37\"> </span></span><span class=\"ls9f wsbc\">0.6<span class=\"_ _383\"> </span></span><span class=\"_ _383\">\u2002\u2002Changes in fair value</span><span class=\"_ _280\"> </span><span class=\"ff2 ws6e\">0.3<span class=\"_ _1da\"> </span></span><span class=\"lsed wsf2\">1<span class=\"_ _1\"></span>.1<span class=\"_ _383\"> </span></span>At 31 December<span class=\"_ _1\"></span> <span class=\"_ _28c\"> </span><span class=\"lsc5 wsc4\">41<span class=\"_ _1\"></span>2<span class=\"_ _2\"></span>.9<span class=\"_ _e8\"> </span><span class=\"ff1 lsd7 wsd7\">4<span class=\"_ _1\"></span>9<span class=\"_ _2\"></span>1<span class=\"_ _1\"></span>.4<span class=\"_ _383\"> </span></span></span>1. <span class=\"_ _41\"> </span>Ad<span class=\"_ _1\"></span>dit<span class=\"_ _1\"></span>ion<span class=\"_ _1\"></span>s in<span class=\"_ _1\"></span>cl<span class=\"_ _1\"></span>ud<span class=\"_ _1\"></span>e \u00a3<span class=\"_ _1\"></span>90.0<span class=\"_ _1\"></span>m of U<span class=\"_ _1\"></span>K T<span class=\"_ _6\"></span>re<span class=\"_ _1\"></span>as<span class=\"_ _1\"></span>ur<span class=\"_ _1\"></span>y bil<span class=\"_ _1\"></span>ls w<span class=\"_ _1\"></span>hic<span class=\"_ _1\"></span>h ha<span class=\"_ _1\"></span>d a ma<span class=\"_ _1\"></span>tur<span class=\"_ _1\"></span>ity of l<span class=\"_ _1\"></span>es<span class=\"_ _1\"></span>s th<span class=\"_ _1\"></span>an th<span class=\"_ _1\"></span>re<span class=\"_ _1\"></span>e mo<span class=\"_ _1\"></span>nth<span class=\"_ _1\"></span>s fro<span class=\"_ _1\"></span>m da<span class=\"_ _1\"></span>te of a<span class=\"_ _1\"></span>cq<span class=\"_ _1\"></span>ui<span class=\"_ _1\"></span>sit<span class=\"_ _1\"></span>ion (20<span class=\"_ _1\"></span>21: \u00a3<span class=\"_ _1\"></span>10<span class=\"_ _1\"></span>0.0<span class=\"_ _1\"></span>m).<span class=\"_ _383\"> </span>2. <span class=\"_ _34\"> </span>Di<span class=\"_ _1\"></span>sp<span class=\"_ _1\"></span>os<span class=\"_ _1\"></span>al<span class=\"_ _1\"></span>s an<span class=\"_ _1\"></span>d mat<span class=\"_ _1\"></span>uri<span class=\"_ _1\"></span>tie<span class=\"_ _1\"></span>s in<span class=\"_ _1\"></span>cl<span class=\"_ _1\"></span>ud<span class=\"_ _1\"></span>e \u00a3<span class=\"_ _1\"></span>100<span class=\"_ _1\"></span>.0m o<span class=\"_ _1\"></span>f UK Trea<span class=\"_ _1\"></span>sur<span class=\"_ _1\"></span>y bi<span class=\"_ _1\"></span>lls w<span class=\"_ _1\"></span>hi<span class=\"_ _1\"></span>ch h<span class=\"_ _1\"></span>ad a m<span class=\"_ _1\"></span>atu<span class=\"_ _1\"></span>rity o<span class=\"_ _1\"></span>f le<span class=\"_ _1\"></span>ss th<span class=\"_ _1\"></span>an t<span class=\"_ _1\"></span>hre<span class=\"_ _1\"></span>e m<span class=\"_ _1\"></span>onth<span class=\"_ _1\"></span>s fr<span class=\"_ _1\"></span>om d<span class=\"_ _1\"></span>ate o<span class=\"_ _1\"></span>f ac<span class=\"_ _1\"></span>qui<span class=\"_ _1\"></span>si<span class=\"_ _1\"></span>tio<span class=\"_ _1\"></span>n (2021: n<span class=\"_ _1\"></span>il<span class=\"_ _1\"></span>).<span class=\"_ _383\"> </span>At 31 December 2022, in<span class=\"_ _6\"></span>ves<span class=\"_ _6\"></span>tment securities included inv<span class=\"_ _6\"></span>estment<span class=\"_ _6\"></span>s in unconsolidated structur<span class=\"_ _6\"></span>ed entities (see note 45) of \u00a3100<span class=\"_ _6\"></span>.7<span class=\"_ _8\"></span>m notes in PMF 2020-<span class=\"_ _8\"></span>1B (2021: \u00a3100.7<span class=\"_ _1f6\"></span>m notes in PMF 2020-<span class=\"_ _6\"></span>1B and \u00a321.<span class=\"_ _6\"></span>0m notes in PMF 2017<span class=\"_ _1f6\"></span>-1B). The inv<span class=\"_ _6\"></span>estment<span class=\"_ _6\"></span>s represen<span class=\"_ _6\"></span>t the maximum exposure to loss fr<span class=\"_ _6\"></span>om unconsolidated structur<span class=\"_ _6\"></span>ed entities<span class=\"_ _6\"></span>.<span class=\"_ _383\"> </span>",
   "dimensions": {
    "concept": "ifrs-full:DisclosureOfInvestmentsOtherThanInvestmentsAccountedForUsingEquityMethodExplanatory",
    "language": "en",
    "entity": "scheme:213800ZBKL9BHSL2K459",
    "period": "2022-01-01T00:00:00/2023-01-01T00:00:00"
   }
  },
  "fact-520": {
   "value": "<span class=\"_ _383\">20.\u2002Loan</span><span class=\"_ _1\"></span>s and ad<span class=\"_ _1\"></span>vance<span class=\"_ _1\"></span>s to cu<span class=\"_ _1\"></span>stom<span class=\"_ _1\"></span>er<span class=\"_ _1\"></span>s<span class=\"_ _383\"> </span>2022<span class=\"_ _383\"> </span>\u00a3m<span class=\"_ _383\"> </span>2021<span class=\"_ _383\"> </span>\u00a3m<span class=\"_ _383\"> </span>Held at amortised c<span class=\"_ _1\"></span>ost:<span class=\"_ _1eb\"> </span><span class=\"ls2\"> </span>Loans and adv<span class=\"_ _6\"></span>ances (see note 21)<span class=\"_ _28d\"> </span><span class=\"ff2 lsc5 wsc4\">2<span class=\"_ _1\"></span>3<span class=\"_ _2\"></span>,<span class=\"_ _1\"></span>5<span class=\"_ _1\"></span>6<span class=\"_ _2\"></span>4.9<span class=\"_ _d\"> </span></span><span class=\"lsc8 wsc8\">2<span class=\"_ _0\"> </span>1<span class=\"_ _0\"></span>,<span class=\"_ _0\"></span>0<span class=\"_ _0\"></span>4<span class=\"_ _2\"></span>7.<span class=\"_ _1\"></span>9<span class=\"_ _383\"> </span></span>Finance leases (see note 22)<span class=\"_ _143\"> </span><span class=\"ff2 ls12 wsf\">163.<span class=\"_ _1\"></span>2<span class=\"_ _93\"> </span></span><span class=\"lsc7 ws7f\">116.<span class=\"_ _1\"></span>2</span> <span class=\"_ _28e\"> </span><span class=\"ff2 lsc3 wsc2\">2<span class=\"_ _1\"></span>3<span class=\"_ _2\"></span>,<span class=\"_ _1\"></span>7<span class=\"_ _1\"></span>2<span class=\"_ _1\"></span>8<span class=\"_ _2\"></span>.1<span class=\"_ _69\"> </span></span><span class=\"lsed wsf2\">2<span class=\"_ _1\"></span>1<span class=\"_ _2\"></span>,16<span class=\"_ _1\"></span>4<span class=\"_ _1\"></span>.1<span class=\"_ _383\"> </span></span>Less: Expecte<span class=\"_ _6\"></span>d credit losses (see note 23)<span class=\"_ _11d\"> </span><span class=\"ff2 lscb wscb\">(13<span class=\"_ _1\"></span>0.0)<span class=\"_ _83\"> </span></span><span class=\"ls6f ws75\">(101.5)</span> <span class=\"_ _28f\"> </span><span class=\"ff2 lscd wsce\">23,598<span class=\"_ _1\"></span>.<span class=\"_ _6\"></span>1<span class=\"_ _88\"> </span><span class=\"ff1 lsc9 wsc9\">2<span class=\"_ _1\"></span>1,062<span class=\"_ _1\"></span>.6<span class=\"_ _383\"> </span></span></span>Held at FV<span class=\"_ _1\"></span>TPL:<span class=\"_ _287\"> </span><span class=\"ls2\"> </span>Residential mortgages<span class=\"_ _1f1\"> </span><span class=\"ff2 ws6e\">14.<span class=\"_ _1\"></span>6<span class=\"_ _1c2\"> </span></span><span class=\"lsc8 wsc8\">1<span class=\"_ _2\"></span>7.<span class=\"_ _0\"></span>7</span> <span class=\"_ _28f\"> </span><span class=\"ff2 ls33 ws30\">2<span class=\"_ _1\"></span>3<span class=\"_ _1\"></span>,<span class=\"_ _1\"></span>612<span class=\"_ _1\"></span>.<span class=\"_ _1\"></span>7<span class=\"_ _19f\"> </span></span><span class=\"ls9f wsbc\">21,0<span class=\"_ _1\"></span>80.<span class=\"_ _1\"></span>3<span class=\"_ _383\"> </span></span>",
   "dimensions": {
    "concept": "ifrs-full:DisclosureOfLoansAndAdvancesToCustomersExplanatory",
    "language": "en",
    "entity": "scheme:213800ZBKL9BHSL2K459",
    "period": "2022-01-01T00:00:00/2023-01-01T00:00:00"
   }
  },
  "fact-597": {
   "value": "<span class=\"_ _383\">21.\u2002Loan</span><span class=\"_ _1\"></span>s and ad<span class=\"_ _1\"></span>vance<span class=\"_ _1\"></span>s<span class=\"_ _383\"> </span>2022<span class=\"_ _290\"> </span><span class=\"ff1\">2021<span class=\"_ _383\"> </span></span>OSB<span class=\"_ _383\"> </span>\u00a3m<span class=\"_ _383\"> </span>CCFS<span class=\"_ _383\"> </span>\u00a3m<span class=\"_ _383\"> </span>To<span class=\"_ _1\"></span>t<span class=\"_ _2\"></span>a<span class=\"_ _1\"></span>l<span class=\"_ _383\"> </span>\u00a3m<span class=\"_ _383\"> </span>OSB<span class=\"_ _383\"> </span>\u00a3m<span class=\"_ _383\"> </span>CCFS<span class=\"_ _383\"> </span>\u00a3m<span class=\"_ _383\"> </span>To<span class=\"_ _1\"></span>t<span class=\"_ _2\"></span>a<span class=\"_ _1\"></span>l<span class=\"_ _383\"> </span>\u00a3m<span class=\"_ _383\"> </span>Gross carrying amount<span class=\"_ _383\"> </span>Stage 1<span class=\"_ _e4\"> </span><span class=\"ff2 ls1f ws1c\">10<span class=\"_ _6\"></span>,<span class=\"_ _6\"></span>188.<span class=\"_ _8\"></span>4 <span class=\"_ _19f\"> </span><span class=\"lsf9 ws82\">8,375<span class=\"_ _6\"></span>.5 <span class=\"_ _b3\"> </span>18,563.<span class=\"_ _8\"></span>9 <span class=\"_ _1fe\"> </span><span class=\"ff1 ls2 ws2\">10,393.2 <span class=\"_ _6e\"> </span>7<span class=\"_ _1f6\"></span>,685.7 <span class=\"_ _a6\"> </span><span class=\"ls2c ws29\">18,07<span class=\"_ _6\"></span>8.<span class=\"_ _8\"></span>9 </span></span></span></span>Stage 2<span class=\"_ _383\"> </span>1<span class=\"_ _383\"> </span>2,508.<span class=\"_ _6\"></span>9 <span class=\"_ _9a\"> </span><span class=\"lsc4 wsc3\">1<span class=\"_ _0\"></span>,<span class=\"_ _2\"></span>9<span class=\"_ _2\"></span>0<span class=\"_ _0\"></span>7.<span class=\"_ _2\"></span>4<span class=\"_ _0\"></span> <span class=\"_ _89\"> </span><span class=\"ls2 ws2\">4,4<span class=\"_ _6\"></span>16.3 <span class=\"_ _8e\"> </span><span class=\"ff1\">1,<span class=\"_ _6\"></span>14<span class=\"_ _6\"></span>2.3 <span class=\"_ _6b\"> </span><span class=\"lsf8 wsfd\">1<span class=\"_ _2\"></span>,<span class=\"_ _2\"></span>2<span class=\"_ _2\"></span>6<span class=\"_ _2\"></span>9.<span class=\"_ _2\"></span>8<span class=\"_ _2\"></span> <span class=\"_ _a1\"> </span></span>2,4<span class=\"_ _8\"></span>12.<span class=\"_ _6\"></span>1 </span></span></span>Stage 3<span class=\"_ _198\"> </span><span class=\"ff2 lscd wsce\">345.7<span class=\"_ _1\"></span> <span class=\"_ _70\"> </span><span class=\"ls2 ws2\">156.0 <span class=\"_ _70\"> </span>501.7 <span class=\"_ _70\"> </span></span></span><span class=\"lsd7 wsd7\">3<span class=\"_ _2\"></span>6<span class=\"_ _1\"></span>0<span class=\"_ _1\"></span>.4<span class=\"_ _2\"></span> <span class=\"_ _254\"> </span><span class=\"lsf8 wsfd\">9<span class=\"_ _2\"></span>9.<span class=\"_ _1\"></span>1<span class=\"_ _2\"></span> <span class=\"_ _98\"> </span>4<span class=\"_ _1\"></span>5<span class=\"_ _2\"></span>9.<span class=\"_ _2\"></span>5<span class=\"_ _2\"></span> </span></span>Stage 3 (POCI)<span class=\"_ _291\"> </span><span class=\"ff2 ls6f ws75\">38.5 <span class=\"_ _3b\"> </span><span class=\"ls11 ws6e\">44.5 <span class=\"_ _18d\"> </span><span class=\"ls7e ws16\">83<span class=\"_ _1\"></span>.0 <span class=\"_ _5c\"> </span></span></span></span><span class=\"ls79 wse8\">45.2 <span class=\"_ _5c\"> </span></span><span class=\"ls2\">52.2 <span class=\"_ _96\"> </span><span class=\"lsc8 wsc8\">9<span class=\"_ _0\"></span>7.<span class=\"_ _1\"></span>4<span class=\"_ _0\"> </span> </span></span> <span class=\"_ _79\"> </span><span class=\"ff2 ls14 ws11\">13,081.5 <span class=\"_ _b3\"> </span><span class=\"ls81 wsdf\">10<span class=\"_ _1\"></span>,4<span class=\"_ _1\"></span>8<span class=\"_ _1\"></span>3<span class=\"_ _1\"></span>.4<span class=\"_ _1\"></span> <span class=\"_ _3a\"> </span><span class=\"lsc5 wsc4\">2<span class=\"_ _1\"></span>3<span class=\"_ _2\"></span>,<span class=\"_ _1\"></span>5<span class=\"_ _1\"></span>6<span class=\"_ _2\"></span>4<span class=\"_ _1\"></span>.9<span class=\"_ _1\"></span> <span class=\"_ _69\"> </span></span></span></span><span class=\"ls9f wsbc\">11,<span class=\"_ _8\"></span>941.<span class=\"_ _6\"></span>1 <span class=\"_ _6b\"> </span><span class=\"lsf8 wsfd\">9,1<span class=\"_ _2\"></span>0<span class=\"_ _2\"></span>6<span class=\"_ _2\"></span>.<span class=\"_ _2\"></span>8<span class=\"_ _2\"></span> <span class=\"_ _88\"> </span><span class=\"lsc8 wsc8\">2<span class=\"_ _0\"> </span>1<span class=\"_ _0\"></span>,<span class=\"_ _0\"></span>0<span class=\"_ _0\"></span>4<span class=\"_ _2\"></span>7.<span class=\"_ _1\"></span>9<span class=\"_ _0\"> </span> </span></span></span>1. For f<span class=\"_ _1\"></span>ur<span class=\"_ _1\"></span>th<span class=\"_ _1\"></span>e<span class=\"_ _1\"></span>r det<span class=\"_ _1\"></span>ail r<span class=\"_ _1\"></span>el<span class=\"_ _1\"></span>ati<span class=\"_ _1\"></span>ng to m<span class=\"_ _1\"></span>ove<span class=\"_ _1\"></span>m<span class=\"_ _1\"></span>ent<span class=\"_ _1\"></span>s by s<span class=\"_ _1\"></span>ta<span class=\"_ _1\"></span>ge s<span class=\"_ _1\"></span>e<span class=\"_ _1\"></span>e the R<span class=\"_ _1\"></span>is<span class=\"_ _1\"></span>k rev<span class=\"_ _1\"></span>ie<span class=\"_ _1\"></span>w on p<span class=\"_ _1\"></span>ag<span class=\"_ _1\"></span>es 52-75.<span class=\"_ _383\"> </span>The mortgage loan balances pledged as collateral for liabilities ar<span class=\"_ _6\"></span>e:<span class=\"_ _383\"> </span>2022<span class=\"_ _383\"> </span>\u00a3m<span class=\"_ _383\"> </span>2021<span class=\"_ _383\"> </span>\u00a3m<span class=\"_ _383\"> </span>BoE under TFSME and Index<span class=\"_ _6\"></span>ed Long-<span class=\"_ _9\"></span>T<span class=\"_ _6\"></span>erm Repo (IL<span class=\"_ _1f6\"></span>TR)<span class=\"_ _292\"> </span><span class=\"ff2 lsc6 wsc5\">6<span class=\"_ _2\"></span>,4<span class=\"_ _2\"></span>3<span class=\"_ _2\"></span>9.<span class=\"_ _2\"></span>7<span class=\"_ _1\"></span> <span class=\"_ _d\"> </span></span><span class=\"lsc8 wsc8\">5<span class=\"_ _2\"></span>,<span class=\"_ _3\"> </span>8<span class=\"_ _0\"></span>8<span class=\"_ _2\"></span>7.<span class=\"_ _3\"> </span>2<span class=\"_ _383\"> </span></span>Securitisation<span class=\"_ _183\"> </span><span class=\"ff2 ls81 wsdf\">2<span class=\"_ _1\"></span>6<span class=\"_ _1\"></span>5<span class=\"_ _1\"></span>.4<span class=\"_ _1\"></span> <span class=\"_ _70\"> </span></span><span class=\"ls6f ws75\">486.5</span> <span class=\"_ _224\"> </span><span class=\"ff2 lsc3 wsc2\">6<span class=\"_ _2\"></span>,<span class=\"_ _1\"></span>70<span class=\"_ _2\"></span>5<span class=\"_ _1\"></span>.1<span class=\"_ _2\"></span> <span class=\"_ _d\"> </span></span><span class=\"ls2c ws29\">6,37<span class=\"_ _6\"></span>3.7<span class=\"_ _383\"> </span></span>The Group<span class=\"_ _8\"></span>\u2019<span class=\"_ _6\"></span>s securitisation progr<span class=\"_ _6\"></span>ammes and use of TFSME and IL<span class=\"_ _1f6\"></span>TR result in certain assets being encumbered as collater<span class=\"_ _6\"></span>al against such funding. As at 31 December 2022, the percentage o<span class=\"_ _6\"></span>f the Group<span class=\"_ _8\"></span>\u2019<span class=\"_ _6\"></span>s gross loans and adv<span class=\"_ _6\"></span>ances to customers that ar<span class=\"_ _6\"></span>e encumbered w<span class=\"_ _6\"></span>as 28% (2<span class=\"_ _6\"></span>021: 30%). <span class=\"_ _383\">25.\u2002De</span><span class=\"_ _1\"></span>rivative<span class=\"_ _1\"></span>s<span class=\"_ _383\"> </span>The table below r<span class=\"_ _6\"></span>econciles the gross amount of deriv<span class=\"_ _6\"></span>ative contr<span class=\"_ _6\"></span>acts to the carrying balance sho<span class=\"_ _6\"></span>wn in the Consolidated Statemen<span class=\"_ _6\"></span>t of Financial Position:<span class=\"_ _383\"> </span>Gross amount of recognise<span class=\"_ _1\"></span>d \ufb01nancial assets / (liabilities)<span class=\"_ _383\"> </span>\u00a3m<span class=\"_ _383\"> </span>Net amount of \ufb01nancial assets / (liabilities) presented in the Consolidated Statement of Financial Position<span class=\"_ _383\"> </span>\u00a3m<span class=\"_ _383\"> </span>Contracts subject to master netting agreements <span class=\"_ _383\">not offset </span>in the Consolidated Statement of Financial Position<span class=\"_ _383\"> </span>\u00a3m<span class=\"_ _383\"> </span>Cash collateral paid / (received) not <span class=\"_ _383\">offset in the </span>Consolidated Statement of Financial Position<span class=\"_ _383\"> </span>\u00a3m<span class=\"_ _383\"> </span>Net amount<span class=\"_ _383\"> </span>\u00a3m<span class=\"_ _383\"> </span>At 31 December 2022<span class=\"_ _2b1\"> </span><span class=\"ls2\"> <span class=\"_ _11a\"> </span> <span class=\"_ _11a\"> </span> <span class=\"_ _21a\"> </span> <span class=\"_ _11a\"> </span> </span>Derivative asset<span class=\"_ _6\"></span>s:<span class=\"_ _2b2\"> </span><span class=\"ff2 ls2\"> <span class=\"_ _11a\"> </span> <span class=\"_ _11a\"> </span> <span class=\"_ _21a\"> </span> <span class=\"_ _11a\"> </span> </span>Inter<span class=\"_ _6\"></span>est rat<span class=\"_ _6\"></span>e risk hedging<span class=\"_ _2b3\"> </span><span class=\"ff2 ls1f ws1c\">888.<span class=\"_ _8\"></span>1<span class=\"_ _5a\"> </span>888.<span class=\"_ _8\"></span>1<span class=\"_ _83\"> </span><span class=\"lsc5 wsc4\">(<span class=\"_ _1\"></span>1<span class=\"_ _2\"></span>0<span class=\"_ _1\"></span>4<span class=\"_ _1\"></span>.9<span class=\"_ _1\"></span>)<span class=\"_ _6b\"> </span><span class=\"lscd wsce\">(5<span class=\"_ _1\"></span>45.7<span class=\"_ _1\"></span>)<span class=\"_ _122\"> </span><span class=\"lsc4 wsc3\">2<span class=\"_ _0\"> </span>3<span class=\"_ _0\"></span>7.<span class=\"_ _0\"></span>5<span class=\"_ _383\"> </span></span></span></span></span>Derivative liabilities:<span class=\"_ _10d\"> </span><span class=\"ff2 ls2\"> <span class=\"_ _21a\"> </span> <span class=\"_ _11a\"> </span> <span class=\"_ _11a\"> </span> <span class=\"_ _11a\"> </span> </span>Inter<span class=\"_ _6\"></span>est rat<span class=\"_ _6\"></span>e risk hedging<span class=\"_ _2b4\"> </span><span class=\"ff2 ls2\">(106.6<span class=\"_ _6\"></span>)<span class=\"_ _69\"> </span>(106.6)<span class=\"_ _122\"> </span><span class=\"lsc5 wsc4\">1<span class=\"_ _1\"></span>0<span class=\"_ _2\"></span>4<span class=\"_ _1\"></span>.9<span class=\"_ _86\"> </span></span>206.<span class=\"_ _6\"></span>9<span class=\"_ _70\"> </span><span class=\"ls7d wse2\">205.<span class=\"_ _1\"></span>2<span class=\"_ _383\"> </span></span></span>At 31 December 2021<span class=\"_ _1a0\"> </span><span class=\"ls2\"> <span class=\"_ _21a\"> </span> <span class=\"_ _11a\"> </span> <span class=\"_ _11a\"> </span> <span class=\"_ _21a\"> </span> </span>Derivative asset<span class=\"_ _6\"></span>s:<span class=\"_ _2b2\"> </span><span class=\"ls2\"> <span class=\"_ _21a\"> </span> <span class=\"_ _11a\"> </span> <span class=\"_ _21a\"> </span> <span class=\"_ _11a\"> </span> </span>Inter<span class=\"_ _6\"></span>est rat<span class=\"_ _6\"></span>e risk hedging<span class=\"_ _dc\"> </span><span class=\"ls14 ws11\">185.7<span class=\"_ _3b\"> </span>185.7<span class=\"_ _55\"> </span><span class=\"ls86 wsf1\">(1<span class=\"_ _1\"></span>6<span class=\"_ _2\"></span>.9<span class=\"_ _1\"></span>)<span class=\"_ _98\"> </span><span class=\"lsc7 ws7f\">(115<span class=\"_ _1\"></span>.<span class=\"_ _1\"></span>3)<span class=\"_ _e8\"> </span><span class=\"ls6f ws75\">53.5<span class=\"_ _383\"> </span></span></span></span></span>Derivative liabilities:<span class=\"_ _2b5\"> </span><span class=\"ls2\"> <span class=\"_ _21a\"> </span> <span class=\"_ _11a\"> </span> <span class=\"_ _11a\"> </span> <span class=\"_ _21a\"> </span> </span>Inter<span class=\"_ _6\"></span>est rat<span class=\"_ _6\"></span>e risk hedging<span class=\"_ _294\"> </span><span class=\"lsf8 wsfd\">(<span class=\"_ _1\"></span>1<span class=\"_ _2\"></span>9.<span class=\"_ _2\"></span>7<span class=\"_ _0\"> </span>)<span class=\"_ _5c\"> </span>(<span class=\"_ _2\"></span>1<span class=\"_ _1\"></span>9.<span class=\"_ _2\"></span>7<span class=\"_ _3\"> </span>)<span class=\"_ _55\"> </span><span class=\"ls86 wsf1\">16<span class=\"_ _2\"></span>.9<span class=\"_ _55\"> </span><span class=\"ls6f ws75\">98<span class=\"_ _1\"></span>.3<span class=\"_ _55\"> </span><span class=\"lscd wsce\">95.5<span class=\"_ _383\"> </span></span></span></span></span>Derivative asset<span class=\"_ _6\"></span>s and liabilities include an initial margin of \u00a3198.<span class=\"_ _6\"></span>6m with sw<span class=\"_ _6\"></span>ap counterparties.<span class=\"_ _383\"> </span>Included within the Group<span class=\"_ _8\"></span>\u2019<span class=\"_ _6\"></span>s derivativ<span class=\"_ _6\"></span>e assets is \u00a3203<span class=\"_ _6\"></span>.<span class=\"_ _1f6\"></span>4m (2021: \u00a348.7<span class=\"_ _1f6\"></span>m) relating to derivative contr<span class=\"_ _8\"></span>acts not covere<span class=\"_ _6\"></span>d by master netting agr<span class=\"_ _6\"></span>eements on which no cash collateral has been paid.<span class=\"_ _383\"> </span><span class=\"_ _383\">31.\u2002Amount</span><span class=\"_ _1\"></span>s owed to c<span class=\"_ _1\"></span>re<span class=\"_ _1\"></span>dit ins<span class=\"_ _1\"></span>titutio<span class=\"_ _1\"></span>ns<span class=\"_ _383\"> </span>2022<span class=\"_ _383\"> </span>\u00a3m<span class=\"_ _383\"> </span>2021<span class=\"_ _383\"> </span>\u00a3m<span class=\"_ _383\"> </span>BoE TFSME<span class=\"_ _2d0\"> </span><span class=\"ff2 ls7e ws16\">4,<span class=\"_ _1\"></span>232<span class=\"_ _1\"></span>.0<span class=\"_ _8e\"> </span></span><span class=\"lsed wsf2\">4<span class=\"_ _1\"></span>,<span class=\"_ _2\"></span>2<span class=\"_ _1\"></span>0<span class=\"_ _1\"></span>3<span class=\"_ _2\"></span>.1<span class=\"_ _383\"> </span></span>BoE IL<span class=\"_ _8\"></span>TR<span class=\"_ _2d1\"> </span><span class=\"ff2 lsc5 wsc4\">3<span class=\"_ _1\"></span>0<span class=\"_ _2\"></span>0<span class=\"_ _1\"></span>.9<span class=\"_ _d9\"> </span></span><span class=\"ls2\">\u2013 </span>Cash collateral and mar<span class=\"_ _6\"></span>gin received<span class=\"_ _68\"> </span><span class=\"ff2 lsc6 wsc5\">5<span class=\"_ _1\"></span>4<span class=\"_ _2\"></span>9.<span class=\"_ _2\"></span>7<span class=\"_ _9d\"> </span></span><span class=\"lsd7 wsd7\">1<span class=\"_ _1\"></span>1<span class=\"_ _1\"></span>5<span class=\"_ _1\"></span>.4<span class=\"_ _383\"> </span></span>Commercial repo<span class=\"_ _26b\"> </span><span class=\"ff2 ws6e\">10.2<span class=\"_ _53\"> </span></span><span class=\"ls9f wsbc\">0.5<span class=\"_ _383\"> </span></span>Loans fr<span class=\"_ _6\"></span>om credit ins<span class=\"_ _6\"></span>titutions<span class=\"_ _2b9\"> </span><span class=\"ff2 lsc3 wsc2\">0<span class=\"_ _2\"></span>.1<span class=\"_ _15e\"> </span></span><span class=\"ls9f wsbc\">0.<span class=\"_ _1\"></span>6<span class=\"_ _383\"> </span></span>4,543.2<span class=\"_ _6e\"> </span><span class=\"ff1 ls88 wse3\">4,2<span class=\"_ _1\"></span>0<span class=\"_ _1\"></span>4.<span class=\"_ _1\"></span>2<span class=\"_ _383\"> </span></span>Cash collateral and mar<span class=\"_ _6\"></span>gin received<span class=\"_ _68\"> </span><span class=\"ff2 lsc6 wsc5\">5<span class=\"_ _1\"></span>4<span class=\"_ _2\"></span>9.<span class=\"_ _2\"></span>7<span class=\"_ _9d\"> </span></span><span class=\"lsd7 wsd7\">1<span class=\"_ _1\"></span>1<span class=\"_ _1\"></span>5<span class=\"_ _1\"></span>.4</span> <span class=\"_ _282\"> </span><span class=\"ff2 lsc5 wsc4\">5,<span class=\"_ _1\"></span>0<span class=\"_ _2\"></span>9<span class=\"_ _1\"></span>2<span class=\"_ _1\"></span>.9<span class=\"_ _7f\"> </span></span><span class=\"lsf8 wsfd\">4<span class=\"_ _1\"></span>,<span class=\"_ _2\"></span>3<span class=\"_ _2\"></span>1<span class=\"_ _2\"></span>9.<span class=\"_ _2\"></span>6<span class=\"_ _383\"> </span></span>Cre<span class=\"_ _1\"></span>dit risk \u2013 l<span class=\"_ _1\"></span>oans a<span class=\"_ _1\"></span>nd ad<span class=\"_ _1\"></span>vance<span class=\"_ _1\"></span>s to cu<span class=\"_ _1\"></span>stom<span class=\"_ _1\"></span>er<span class=\"_ _1\"></span>s<span class=\"_ _383\"> </span>Credit risk associated with mortgage lending is largely driv<span class=\"_ _6\"></span>en by the housing mark<span class=\"_ _8\"></span>et and level of unemploymen<span class=\"_ _6\"></span>t. A recession and/<span class=\"_ _1f6\"></span>or high inter<span class=\"_ _6\"></span>est rates could cause pr<span class=\"_ _6\"></span>essure within the mark<span class=\"_ _8\"></span>et, resulting in rising lev<span class=\"_ _6\"></span>els of arrear<span class=\"_ _6\"></span>s and repossessions<span class=\"_ _6\"></span>.<span class=\"_ _383\"> </span>All loan applications are assessed with r<span class=\"_ _6\"></span>efer<span class=\"_ _6\"></span>ence to the Group<span class=\"_ _8\"></span>\u2019<span class=\"_ _6\"></span>s Lending Policy. Changes to the policy ar<span class=\"_ _6\"></span>e appro<span class=\"_ _6\"></span>ved by the Gr<span class=\"_ _6\"></span>oup Risk Committee, with mandates set f<span class=\"_ _6\"></span>or the approv<span class=\"_ _6\"></span>al of loan applications<span class=\"_ _6\"></span>.<span class=\"_ _383\"> </span>The Group Credit Committee and AL<span class=\"_ _8\"></span>CO regularly monitor lending activity, t<span class=\"_ _6\"></span>aking appropriate actions to r<span class=\"_ _6\"></span>eprice products and adjus<span class=\"_ _6\"></span>t lending criteria in order t<span class=\"_ _6\"></span>o control risk and manage exposur<span class=\"_ _6\"></span>e. Wher<span class=\"_ _6\"></span>e necessary and appropriate, changes t<span class=\"_ _6\"></span>o the Lending Policy are r<span class=\"_ _6\"></span>ecommended to the Group Risk Committee.<span class=\"_ _383\"> </span>The following t<span class=\"_ _6\"></span>ables show the Gr<span class=\"_ _6\"></span>oup<span class=\"_ _6\"></span>\u2019<span class=\"_ _8\"></span>s maximum exposure to cr<span class=\"_ _6\"></span>edit risk and the impact of collater<span class=\"_ _6\"></span>al held as security, capped at the gross exposur<span class=\"_ _6\"></span>e amount, by impairment s<span class=\"_ _6\"></span>tage. Cappe<span class=\"_ _6\"></span>d collateral ex<span class=\"_ _6\"></span>cludes the impact of for<span class=\"_ _6\"></span>ced sale discounts and costs t<span class=\"_ _6\"></span>o sell. The collateral value is det<span class=\"_ _6\"></span>ermined by indexing against House Price Inde<span class=\"_ _6\"></span>x data.<span class=\"_ _383\"> </span>2022<span class=\"_ _383\"> </span>OSB<span class=\"_ _a0\"> </span><span class=\"ls62 ws187\">CCFS<span class=\"_ _a8\"> </span><span class=\"lsc2 wsc1\">Tot<span class=\"_ _2\"></span>a<span class=\"_ _1\"></span>l<span class=\"_ _383\"> </span></span></span>Gross carrying amount<span class=\"_ _383\"> </span>\u00a3m<span class=\"_ _383\"> </span>Capped collateral held<span class=\"_ _383\"> </span>\u00a3m<span class=\"_ _383\"> </span>Gross carrying amount<span class=\"_ _383\"> </span>\u00a3m<span class=\"_ _383\"> </span>Capped collateral held<span class=\"_ _383\"> </span>\u00a3m<span class=\"_ _383\"> </span>Gross carrying amount<span class=\"_ _383\"> </span>\u00a3m<span class=\"_ _383\"> </span>Capped collateral held<span class=\"_ _383\"> </span>\u00a3m<span class=\"_ _383\"> </span>Stage 1<span class=\"_ _29\"> </span><span class=\"ff2 ls79 wse8\">10,3<span class=\"_ _1\"></span>46.8<span class=\"_ _202\"> </span><span class=\"ls81 wsdf\">1<span class=\"_ _1\"></span>0<span class=\"_ _1\"></span>,<span class=\"_ _1\"></span>3<span class=\"_ _1\"></span>2<span class=\"_ _1\"></span>0.4<span class=\"_ _66\"> </span><span class=\"lsf9 ws82\">8,375.5<span class=\"_ _6c\"> </span>8,374<span class=\"_ _6\"></span>.4<span class=\"_ _202\"> </span><span class=\"ls33 ws30\">1<span class=\"_ _1\"></span>8<span class=\"_ _1\"></span>,72<span class=\"_ _1\"></span>2<span class=\"_ _1\"></span>.<span class=\"_ _1\"></span>3<span class=\"_ _67\"> </span><span class=\"ls11 ws6e\">18,69<span class=\"_ _1\"></span>4.8<span class=\"_ _383\"> </span></span></span></span></span></span>Stage 2<span class=\"_ _383\"> </span>1<span class=\"_ _383\"> </span>2<span class=\"_ _2\"></span>,<span class=\"_ _2\"></span>5<span class=\"_ _1\"></span>0<span class=\"_ _2\"></span>9.<span class=\"_ _2\"></span>7<span class=\"_ _89\"> </span><span class=\"ls2c ws29\">2,508.5<span class=\"_ _40\"> </span><span class=\"lsc4 wsc3\">1<span class=\"_ _0\"></span>,<span class=\"_ _1\"></span>9<span class=\"_ _0\"> </span>0<span class=\"_ _0\"></span>7.<span class=\"_ _2\"></span>4<span class=\"_ _7d\"> </span>1<span class=\"_ _0\"></span>,<span class=\"_ _1\"></span>9<span class=\"_ _0\"> </span>0<span class=\"_ _0\"></span>7.<span class=\"_ _1\"></span>1<span class=\"_ _122\"> </span>4<span class=\"_ _2\"></span>,<span class=\"_ _2\"></span>4<span class=\"_ _2\"></span>1<span class=\"_ _2\"></span>7.<span class=\"_ _2\"></span>1<span class=\"_ _40\"> </span><span class=\"lse0 wse0\">4,41<span class=\"_ _1\"></span>5<span class=\"_ _1\"></span>.<span class=\"_ _1\"></span>6<span class=\"_ _383\"> </span></span></span></span>Stage 3<span class=\"_ _d1\"> </span><span class=\"ff2 lsc6 wsc5\">3<span class=\"_ _2\"></span>4<span class=\"_ _2\"></span>9.<span class=\"_ _1\"></span>7<span class=\"_ _18d\"> </span>3<span class=\"_ _2\"></span>1<span class=\"_ _1\"></span>9.<span class=\"_ _0\"></span>2<span class=\"_ _5a\"> </span><span class=\"ls7e ws16\">15<span class=\"_ _1\"></span>6.0<span class=\"_ _a9\"> </span>1<span class=\"_ _1\"></span>56.0<span class=\"_ _98\"> </span><span class=\"lscd wsce\">505<span class=\"_ _1\"></span>.7<span class=\"_ _98\"> </span><span class=\"lsca wsca\">47<span class=\"_ _1\"></span>5<span class=\"_ _1\"></span>.<span class=\"_ _2\"></span>2<span class=\"_ _383\"> </span></span></span></span></span>Stage 3 (POCI)<span class=\"_ _291\"> </span><span class=\"ff2 ls6f ws75\">38.5<span class=\"_ _55\"> </span><span class=\"lsc4 wsc3\">3<span class=\"_ _2\"></span>7.<span class=\"_ _0\"></span>5<span class=\"_ _96\"> </span><span class=\"ls11 ws6e\">44.5<span class=\"_ _93\"> </span><span class=\"ls81 wsdf\">4<span class=\"_ _1\"></span>4<span class=\"_ _1\"></span>.4<span class=\"_ _93\"> </span><span class=\"ls7e ws16\">83.0<span class=\"_ _4f\"> </span><span class=\"ls14 ws11\">81.9</span></span></span></span></span></span> <span class=\"_ _2a8\"> </span><span class=\"ff2 ls14 ws11\">13,2<span class=\"_ _1\"></span>44.7<span class=\"_ _aa\"> </span>13<span class=\"_ _1\"></span>,<span class=\"_ _6\"></span>185.6<span class=\"_ _1fe\"> </span><span class=\"ls81 wsdf\">1<span class=\"_ _1\"></span>0,<span class=\"_ _1\"></span>48<span class=\"_ _2\"></span>3.4<span class=\"_ _88\"> </span></span>10,481.<span class=\"_ _6\"></span>9<span class=\"_ _67\"> </span><span class=\"lsc3 wsc2\">2<span class=\"_ _2\"></span>3<span class=\"_ _1\"></span>,<span class=\"_ _2\"></span>72<span class=\"_ _2\"></span>8<span class=\"_ _1\"></span>.1<span class=\"_ _1fe\"> </span><span class=\"lsc4 wsc3\">2<span class=\"_ _0\"> </span>3<span class=\"_ _0\"> </span>,<span class=\"_ _0\"> </span>6<span class=\"_ _0\"> </span>6<span class=\"_ _2\"></span>7.<span class=\"_ _0\"></span>5<span class=\"_ _383\"> </span></span></span></span>1. <span class=\"_ _41\"> </span>Fo<span class=\"_ _1\"></span>r fur<span class=\"_ _1\"></span>t<span class=\"_ _1\"></span>he<span class=\"_ _1\"></span>r de<span class=\"_ _1\"></span>tai<span class=\"_ _1\"></span>l re<span class=\"_ _1\"></span>lat<span class=\"_ _1\"></span>ing t<span class=\"_ _1\"></span>o mov<span class=\"_ _1\"></span>em<span class=\"_ _1\"></span>en<span class=\"_ _1\"></span>ts b<span class=\"_ _1\"></span>y sta<span class=\"_ _1\"></span>ge s<span class=\"_ _1\"></span>e<span class=\"_ _1\"></span>e Ris<span class=\"_ _1\"></span>k re<span class=\"_ _1\"></span>vi<span class=\"_ _1\"></span>ew o<span class=\"_ _1\"></span>n pa<span class=\"_ _1\"></span>ge<span class=\"_ _1\"></span>s 52-<span class=\"_ _8\"></span>7<span class=\"_ _1\"></span>5.<span class=\"_ _383\"> </span>2021<span class=\"_ _383\"> </span>OSB<span class=\"_ _2f6\"> </span><span class=\"lse ws71\">CCFS<span class=\"_ _2f7\"> </span><span class=\"lse1 wse5\">To<span class=\"_ _1\"></span>t<span class=\"_ _2\"></span>a<span class=\"_ _1\"></span>l<span class=\"_ _383\"> </span></span></span>Gross carrying amount<span class=\"_ _383\"> </span>\u00a3m<span class=\"_ _383\"> </span>Capped collateral held<span class=\"_ _383\"> </span>\u00a3m<span class=\"_ _383\"> </span>Gross carrying amount<span class=\"_ _383\"> </span>\u00a3m<span class=\"_ _383\"> </span>Capped collateral held<span class=\"_ _383\"> </span>\u00a3m<span class=\"_ _383\"> </span>Gross carrying amount<span class=\"_ _383\"> </span>\u00a3m<span class=\"_ _383\"> </span>Capped collateral held<span class=\"_ _383\"> </span>\u00a3m<span class=\"_ _383\"> </span>Stage 1<span class=\"_ _2b3\"> </span><span class=\"lse3 wse7\">10,502<span class=\"_ _1\"></span>.7<span class=\"_ _6e\"> </span><span class=\"lsee wsf3\">1<span class=\"_ _2\"></span>0<span class=\"_ _1\"></span>,47<span class=\"_ _1\"></span>8<span class=\"_ _2\"></span>.1<span class=\"_ _a1\"> </span><span class=\"lsc8 wsc8\">7,<span class=\"_ _0\"></span>6<span class=\"_ _0\"> </span>8<span class=\"_ _3\"> </span>5<span class=\"_ _0\"></span>.<span class=\"_ _2\"></span>7<span class=\"_ _76\"> </span>7,<span class=\"_ _0\"></span>6<span class=\"_ _0\"></span>8<span class=\"_ _0\"></span>4<span class=\"_ _0\"></span>.<span class=\"_ _0\"></span>6<span class=\"_ _6e\"> </span><span class=\"ls14 ws11\">18,188.4<span class=\"_ _d\"> </span><span class=\"ls89 wscc\">1<span class=\"_ _1\"></span>8<span class=\"_ _1\"></span>,1<span class=\"_ _1\"></span>6<span class=\"_ _1\"></span>2<span class=\"_ _1\"></span>.<span class=\"_ _1\"></span>7<span class=\"_ _383\"> </span></span></span></span></span></span>Stage 2<span class=\"_ _2f8\"> </span><span class=\"ls89 wscc\">1,1<span class=\"_ _2\"></span>4<span class=\"_ _1\"></span>3<span class=\"_ _1\"></span>.<span class=\"_ _2\"></span>8<span class=\"_ _86\"> </span><span class=\"ls9f wsbc\">1,14<span class=\"_ _6\"></span>1.<span class=\"_ _6\"></span>9<span class=\"_ _76\"> </span><span class=\"lsf8 wsfd\">1<span class=\"_ _1\"></span>,<span class=\"_ _0\"></span>2<span class=\"_ _2\"></span>6<span class=\"_ _1\"></span>9.<span class=\"_ _2\"></span>8<span class=\"_ _7d\"> </span>1<span class=\"_ _2\"></span>,<span class=\"_ _0\"></span>2<span class=\"_ _1\"></span>6<span class=\"_ _2\"></span>9.<span class=\"_ _2\"></span>7<span class=\"_ _7f\"> </span><span class=\"lsd7 wsd7\">2<span class=\"_ _1\"></span>,41<span class=\"_ _1\"></span>3<span class=\"_ _2\"></span>.<span class=\"_ _1\"></span>6<span class=\"_ _83\"> </span>2<span class=\"_ _1\"></span>,41<span class=\"_ _1\"></span>1<span class=\"_ _1\"></span>.<span class=\"_ _2\"></span>6<span class=\"_ _383\"> </span></span></span></span></span>Stage 3<span class=\"_ _260\"> </span><span class=\"ls7a wsa1\">365.6<span class=\"_ _e8\"> </span><span class=\"lsc8 wsc8\">3<span class=\"_ _2\"></span>3<span class=\"_ _0\"></span>7.<span class=\"_ _2\"></span>9<span class=\"_ _63\"> </span><span class=\"lsf8 wsfd\">9<span class=\"_ _0\"></span>9.<span class=\"_ _1\"></span>1<span class=\"_ _63\"> </span>9<span class=\"_ _2\"></span>9.1<span class=\"_ _3d\"> </span><span class=\"ls88 wse3\">46<span class=\"_ _1\"></span>4.7<span class=\"_ _3d\"> </span></span></span>4<span class=\"_ _0\"></span>3<span class=\"_ _0\"></span>7.<span class=\"_ _0\"></span>0<span class=\"_ _383\"> </span></span></span>Stage 3 (POCI)<span class=\"_ _c3\"> </span><span class=\"ls79 wse8\">45.2<span class=\"_ _55\"> </span><span class=\"ls7a wsa1\">43.6<span class=\"_ _96\"> </span><span class=\"ls7e ws16\">52.<span class=\"_ _1\"></span>2<span class=\"_ _55\"> </span>52.2<span class=\"_ _37\"> </span><span class=\"lsc8 wsc8\">9<span class=\"_ _2\"></span>7.<span class=\"_ _2\"></span>4<span class=\"_ _4f\"> </span><span class=\"lscd wsce\">95.<span class=\"_ _1\"></span>8</span></span></span></span></span> <span class=\"_ _2f9\"> </span><span class=\"lsc8 wsc8\">1<span class=\"_ _2\"></span>2<span class=\"_ _0\"></span>,<span class=\"_ _0\"></span>0<span class=\"_ _0\"></span>5<span class=\"_ _0\"></span>7.<span class=\"_ _0\"></span>3<span class=\"_ _66\"> </span><span class=\"ls12 wsf\">12<span class=\"_ _1\"></span>,0<span class=\"_ _1\"></span>01<span class=\"_ _1\"></span>.5<span class=\"_ _76\"> </span><span class=\"lsf8 wsfd\">9,<span class=\"_ _1\"></span>1<span class=\"_ _2\"></span>0<span class=\"_ _2\"></span>6<span class=\"_ _2\"></span>.<span class=\"_ _2\"></span>8<span class=\"_ _73\"> </span><span class=\"ls7a wsa1\">9<span class=\"_ _8\"></span>,105.6<span class=\"_ _40\"> </span><span class=\"lsed wsf2\">2<span class=\"_ _1\"></span>1<span class=\"_ _1\"></span>,1<span class=\"_ _1\"></span>6<span class=\"_ _1\"></span>4<span class=\"_ _1\"></span>.1<span class=\"_ _76\"> </span><span class=\"lsc8 wsc8\">2<span class=\"_ _0\"></span>1<span class=\"_ _0\"></span>,<span class=\"_ _2\"></span>1<span class=\"_ _0\"></span>0<span class=\"_ _2\"></span>7.<span class=\"_ _2\"></span>1<span class=\"_ _383\"> </span></span></span></span></span></span></span>The Group<span class=\"_ _8\"></span>\u2019<span class=\"_ _6\"></span>s main form of collater<span class=\"_ _6\"></span>al held is property, based in the UK and the Channel Islands.<span class=\"_ _383\"> </span>The Group uses index<span class=\"_ _6\"></span>ed loan to value (L<span class=\"_ _1f6\"></span>TV<span class=\"_ _2\"></span>) ratios to assess the quality o<span class=\"_ _6\"></span>f the uncapped collateral held. Pr<span class=\"_ _6\"></span>operty values are updated to r<span class=\"_ _6\"></span>e\ufb02ect changes in the HPI. A break<span class=\"_ _8\"></span>down of loans and advances to cus<span class=\"_ _6\"></span>tomers by inde<span class=\"_ _6\"></span>xed L<span class=\"_ _1f6\"></span>T<span class=\"_ _1\"></span>V is as follow<span class=\"_ _6\"></span>s:<span class=\"_ _383\"> </span>2022<span class=\"_ _2dc\"> </span><span class=\"ff1\">2021<span class=\"_ _383\"> </span></span>OSB<span class=\"_ _383\"> </span>\u00a3m<span class=\"_ _383\"> </span>CCFS<span class=\"_ _383\"> </span>\u00a3m<span class=\"_ _383\"> </span>To<span class=\"_ _1\"></span>t<span class=\"_ _2\"></span>a<span class=\"_ _1\"></span>l<span class=\"_ _383\"> </span>\u00a3m<span class=\"_ _383\"> </span>%<span class=\"_ _383\"> </span>OSB<span class=\"_ _383\"> </span>\u00a3m<span class=\"_ _383\"> </span>CCFS<span class=\"_ _383\"> </span>\u00a3m<span class=\"_ _383\"> </span>To<span class=\"_ _1\"></span>t<span class=\"_ _2\"></span>a<span class=\"_ _1\"></span>l<span class=\"_ _383\"> </span>\u00a3m<span class=\"_ _1cc\"> </span><span class=\"ls2 ws2\">%<span class=\"_ _383\"> </span></span>Band<span class=\"_ _16f\"> </span><span class=\"ls2 ws2\"> <span class=\"_ _11a\"> </span> <span class=\"_ _11a\"> </span> <span class=\"_ _11a\"> </span> </span>0% \u2013 50%<span class=\"_ _171\"> </span><span class=\"ff2 ls9e ws98\">2<span class=\"_ _2\"></span>,<span class=\"_ _2\"></span>76<span class=\"_ _1\"></span>8<span class=\"_ _2\"></span>.<span class=\"_ _2\"></span>8<span class=\"_ _3e\"> </span><span class=\"ls11 ws6e\">9<span class=\"_ _1\"></span>14.7<span class=\"_ _6c\"> </span><span class=\"ls2 ws2\">3,683.5 <span class=\"_ _90\"> </span><span class=\"ls12 wsf\">16 <span class=\"_ _6c\"> </span></span></span></span></span><span class=\"lsf9 ws82\">2,293.3<span class=\"_ _a9\"> </span><span class=\"ls7c wsd0\">428<span class=\"_ _1\"></span>.<span class=\"_ _1\"></span>2<span class=\"_ _76\"> </span><span class=\"ls6f ws75\">2,721.5<span class=\"_ _20e\"> </span><span class=\"lscd wsce\">13 </span></span></span></span>50% \u2013 60%<span class=\"_ _1ac\"> </span><span class=\"ff2 lse5 wsea\">2<span class=\"_ _1\"></span>,<span class=\"_ _1\"></span>7<span class=\"_ _2\"></span>70.<span class=\"_ _1\"></span>7<span class=\"_ _7d\"> </span><span class=\"lsc3 wsc2\">1<span class=\"_ _1\"></span>,<span class=\"_ _1\"></span>3<span class=\"_ _2\"></span>61<span class=\"_ _1\"></span>.1<span class=\"_ _a1\"> </span><span class=\"ls14 ws11\">4,<span class=\"_ _6\"></span>131.8 <span class=\"_ _ca\"> </span><span class=\"ls12 wsf\">17 <span class=\"_ _121\"> </span><span class=\"ff1 ls7a wsa1\">1,935.3<span class=\"_ _3b\"> </span><span class=\"lsed wsf2\">49<span class=\"_ _1\"></span>0<span class=\"_ _1\"></span>.1<span class=\"_ _69\"> </span><span class=\"lsd7 wsd7\">2<span class=\"_ _1\"></span>,4<span class=\"_ _1\"></span>2<span class=\"_ _1\"></span>5<span class=\"_ _2\"></span>.4<span class=\"_ _18e\"> </span><span class=\"lsc7 ws7f\">11<span class=\"_ _1\"></span> </span></span></span></span></span></span></span></span>60% \u2013 7<span class=\"_ _6\"></span>0%<span class=\"_ _125\"> </span><span class=\"ff2 lsc4 wsc3\">4<span class=\"_ _2\"></span>,<span class=\"_ _0\"></span>6<span class=\"_ _0\"></span>4<span class=\"_ _2\"></span>7.<span class=\"_ _2\"></span>5<span class=\"_ _69\"> </span><span class=\"ls33 ws30\">3,<span class=\"_ _1\"></span>5<span class=\"_ _1\"></span>61.<span class=\"_ _1\"></span>7<span class=\"_ _89\"> </span><span class=\"ls2 ws2\">8<span class=\"_ _1\"></span>,209<span class=\"_ _6\"></span>.2 <span class=\"_ _53\"> </span>35 <span class=\"_ _69\"> </span><span class=\"ff1 lsf8 wsfd\">4<span class=\"_ _1\"></span>,<span class=\"_ _1\"></span>1<span class=\"_ _2\"></span>7<span class=\"_ _1\"></span>9.<span class=\"_ _2\"></span>0<span class=\"_ _83\"> </span><span class=\"ls9f wsbc\">1,<span class=\"_ _1\"></span>241.<span class=\"_ _8\"></span>9<span class=\"_ _40\"> </span><span class=\"ls86 wsf1\">5<span class=\"_ _1\"></span>,<span class=\"_ _1\"></span>42<span class=\"_ _2\"></span>0<span class=\"_ _1\"></span>.9<span class=\"_ _5e\"> </span><span class=\"ls1e ws43\">26 </span></span></span></span></span></span></span>7<span class=\"_ _6\"></span>0% \u2013 80%<span class=\"_ _123\"> </span><span class=\"ff2 lscd wsce\">2,<span class=\"_ _6\"></span>150.7<span class=\"_ _d\"> </span><span class=\"lsc4 wsc3\">4<span class=\"_ _2\"></span>,<span class=\"_ _3\"> </span>2<span class=\"_ _2\"></span>7<span class=\"_ _3\"> </span>7.<span class=\"_ _0\"></span>3<span class=\"_ _66\"> </span><span class=\"ls2 ws2\">6<span class=\"_ _1\"></span>,4<span class=\"_ _6\"></span>28.0 <span class=\"_ _53\"> </span><span class=\"lsc9 wsc9\">26 <span class=\"_ _6e\"> </span><span class=\"ff1 lsc8 wsc8\">2<span class=\"_ _0\"> </span>,<span class=\"_ _3\"> </span>8<span class=\"_ _0\"></span>8<span class=\"_ _2\"></span>7.<span class=\"_ _0\"></span>7<span class=\"_ _73\"> </span><span class=\"ls89 wscc\">6<span class=\"_ _1\"></span>,1<span class=\"_ _1\"></span>0<span class=\"_ _2\"></span>0<span class=\"_ _1\"></span>.<span class=\"_ _1\"></span>7<span class=\"_ _40\"> </span><span class=\"ls2c ws29\">8,<span class=\"_ _8\"></span>988.4<span class=\"_ _ce\"> </span><span class=\"ls2 ws2\">43 </span></span></span></span></span></span></span></span>80% \u2013 90%<span class=\"_ _2fa\"> </span><span class=\"ff2 ls1f ws1c\">548.3<span class=\"_ _98\"> </span><span class=\"lse3 wse7\">365.5<span class=\"_ _a9\"> </span><span class=\"ls2c ws29\">913.8 <span class=\"_ _20e\"> </span><span class=\"ls2 ws2\">4 <span class=\"_ _a9\"> </span></span></span></span></span><span class=\"lsc7 ws7f\">513<span class=\"_ _1\"></span>.<span class=\"_ _1\"></span>2<span class=\"_ _3e\"> </span><span class=\"lsd7 wsd7\">8<span class=\"_ _1\"></span>4<span class=\"_ _1\"></span>4<span class=\"_ _1\"></span>.4<span class=\"_ _7d\"> </span><span class=\"lsc8 wsc8\">1<span class=\"_ _0\"></span>,<span class=\"_ _0\"></span>3<span class=\"_ _0\"></span>5<span class=\"_ _2\"></span>7.<span class=\"_ _3\"> </span>6<span class=\"_ _118\"> </span></span></span></span><span class=\"ls2\">6 </span>90% \u2013 100%<span class=\"_ _2fa\"> </span><span class=\"ff2 ls14 ws11\">181.3<span class=\"_ _1c2\"> </span><span class=\"ls6f ws75\">2.5<span class=\"_ _a9\"> </span></span>183<span class=\"_ _1\"></span>.8 <span class=\"_ _116\"> </span><span class=\"ls2 ws2\">1 <span class=\"_ _96\"> </span></span></span><span class=\"lsc8 wsc8\">7<span class=\"_ _0\"></span>7.<span class=\"_ _0\"></span>8<span class=\"_ _23f\"> </span><span class=\"ls9f wsbc\">1.5<span class=\"_ _9c\"> </span><span class=\"lsf8 wsfd\">7<span class=\"_ _2\"></span>9.<span class=\"_ _2\"></span>3<span class=\"_ _35\"> </span></span></span></span><span class=\"ls2\">\u2013<span class=\"_ _383\"> </span></span>&gt;100%<span class=\"_ _2fb\"> </span><span class=\"ff2 lsc4 wsc3\">1<span class=\"_ _2\"></span>7<span class=\"_ _0\"> </span>7.<span class=\"_ _2\"></span>4<span class=\"_ _15e\"> </span></span><span class=\"ff2\">0.6<span class=\"_ _91\"> </span><span class=\"lscc wscd\">178<span class=\"_ _1\"></span>.0 <span class=\"_ _116\"> </span><span class=\"ls2 ws2\">1 <span class=\"_ _3b\"> </span></span></span></span><span class=\"ls38 ws35\">171.<span class=\"_ _1\"></span>0<span class=\"_ _d9\"> </span><span class=\"ls2 ws2\">\u2013<span class=\"_ _93\"> </span></span>17<span class=\"_ _1\"></span>1.<span class=\"_ _1\"></span>0<span class=\"_ _103\"> </span><span class=\"ls2 ws2\">1 </span></span>T<span class=\"_ _8\"></span>otal loans before provisions<span class=\"_ _10e\"> </span><span class=\"ls14 ws11\">13,<span class=\"_ _1\"></span>244.7<span class=\"_ _1fe\"> </span><span class=\"ls81 wsdf\">1<span class=\"_ _1\"></span>0,4<span class=\"_ _1\"></span>8<span class=\"_ _2\"></span>3.4<span class=\"_ _a6\"> </span><span class=\"lsc3 wsc2\">2<span class=\"_ _1\"></span>3<span class=\"_ _2\"></span>,<span class=\"_ _1\"></span>7<span class=\"_ _1\"></span>2<span class=\"_ _1\"></span>8<span class=\"_ _2\"></span>.1<span class=\"_ _1b4\"> </span><span class=\"lse3 wse7\">10<span class=\"_ _1\"></span>0<span class=\"_ _6c\"> </span><span class=\"ff1 lsc8 wsc8\">1<span class=\"_ _2\"></span>2<span class=\"_ _0\"></span>,<span class=\"_ _0\"></span>0<span class=\"_ _0\"></span>5<span class=\"_ _0\"></span>7.<span class=\"_ _0\"></span>3<span class=\"_ _7f\"> </span><span class=\"lsf8 wsfd\">9,1<span class=\"_ _2\"></span>0<span class=\"_ _2\"></span>6<span class=\"_ _2\"></span>.<span class=\"_ _2\"></span>8<span class=\"_ _a1\"> </span><span class=\"lsed wsf2\">2<span class=\"_ _1\"></span>1<span class=\"_ _1\"></span>,1<span class=\"_ _1\"></span>6<span class=\"_ _1\"></span>4.1<span class=\"_ _1c2\"> </span><span class=\"ls6f ws75\">100<span class=\"_ _383\"> </span></span></span></span></span></span></span></span></span>The table below sho<span class=\"_ _8\"></span>ws the L<span class=\"_ _8\"></span>T<span class=\"_ _1\"></span>V banding for the OSB segment<span class=\"_ _6\"></span>s<span class=\"_ _8\"></span>\u2019 two major lending streams: OSB<span class=\"_ _383\"> </span>2022<span class=\"_ _2dc\"> </span><span class=\"ff1\">2021<span class=\"_ _383\"> </span></span>BTL/SME<span class=\"_ _383\"> </span>\u00a3m<span class=\"_ _383\"> </span>Residential<span class=\"_ _383\"> </span>\u00a3m<span class=\"_ _383\"> </span>To<span class=\"_ _1\"></span>t<span class=\"_ _2\"></span>a<span class=\"_ _1\"></span>l<span class=\"_ _383\"> </span>\u00a3m<span class=\"_ _383\"> </span>%<span class=\"_ _383\"> </span>BTL/SME<span class=\"_ _383\"> </span>\u00a3m<span class=\"_ _383\"> </span>Residential<span class=\"_ _383\"> </span>\u00a3m<span class=\"_ _383\"> </span>To<span class=\"_ _1\"></span>t<span class=\"_ _2\"></span>a<span class=\"_ _1\"></span>l<span class=\"_ _383\"> </span>\u00a3m<span class=\"_ _383\"> </span>%<span class=\"_ _383\"> </span>Band<span class=\"_ _16f\"> </span><span class=\"ls2 ws2\"> <span class=\"_ _11a\"> </span> <span class=\"_ _11a\"> </span> <span class=\"_ _11a\"> </span> </span>0% \u2013 50%<span class=\"_ _2fa\"> </span><span class=\"ff2 ls81 wsdf\">1,<span class=\"_ _1\"></span>3<span class=\"_ _1\"></span>0<span class=\"_ _1\"></span>1<span class=\"_ _1\"></span>.4<span class=\"_ _8e\"> </span><span class=\"lsc4 wsc3\">1<span class=\"_ _0\"></span>,<span class=\"_ _2\"></span>4<span class=\"_ _0\"></span>6<span class=\"_ _2\"></span>7.<span class=\"_ _2\"></span>4<span class=\"_ _d\"> </span><span class=\"ls9e ws98\">2<span class=\"_ _2\"></span>,<span class=\"_ _2\"></span>76<span class=\"_ _1\"></span>8<span class=\"_ _2\"></span>.<span class=\"_ _2\"></span>8<span class=\"_ _2ec\"> </span><span class=\"ls6f ws75\">21 <span class=\"_ _d2\"> </span></span></span></span></span><span class=\"lsc8 wsc8\">1<span class=\"_ _0\"></span>,<span class=\"_ _2\"></span>0<span class=\"_ _3\"> </span>0<span class=\"_ _2\"></span>7.<span class=\"_ _0\"></span>6<span class=\"_ _73\"> </span><span class=\"ls9f wsbc\">1,<span class=\"_ _1\"></span>285<span class=\"_ _1\"></span>.7<span class=\"_ _121\"> </span><span class=\"lsf9 ws82\">2,293.3<span class=\"_ _20e\"> </span></span></span></span><span class=\"ws6e\">19 </span>50% \u2013 60%<span class=\"_ _1b5\"> </span><span class=\"ff2 lsf6 wsfb\">2,4<span class=\"_ _6\"></span>97<span class=\"_ _9\"></span>.2<span class=\"_ _98\"> </span><span class=\"ls7f wse1\">2<span class=\"_ _1\"></span>73.<span class=\"_ _1\"></span>5<span class=\"_ _9a\"> </span><span class=\"lse5 wsea\">2<span class=\"_ _1\"></span>,<span class=\"_ _1\"></span>7<span class=\"_ _1\"></span>70<span class=\"_ _1\"></span>.<span class=\"_ _1\"></span>7<span class=\"_ _ed\"> </span><span class=\"ls6f ws75\">21<span class=\"_ _1\"></span> <span class=\"_ _6b\"> </span><span class=\"ff1 ls9f wsbc\">1,<span class=\"_ _1\"></span>693.7<span class=\"_ _e8\"> </span><span class=\"ls78 ws109\">2<span class=\"_ _1\"></span>41<span class=\"_ _1\"></span>.<span class=\"_ _1\"></span>6<span class=\"_ _76\"> </span><span class=\"ls7a wsa1\">1,935.3<span class=\"_ _1da\"> </span><span class=\"lscc wscd\">16<span class=\"_ _1\"></span> </span></span></span></span></span></span></span></span>60% \u2013 7<span class=\"_ _6\"></span>0%<span class=\"_ _1ac\"> </span><span class=\"ff2 ls2\">4,386.0<span class=\"_ _5a\"> </span><span class=\"ls33 ws30\">261<span class=\"_ _1\"></span>.<span class=\"_ _1\"></span>5<span class=\"_ _6e\"> </span><span class=\"lsc4 wsc3\">4<span class=\"_ _2\"></span>,<span class=\"_ _0\"> </span>6<span class=\"_ _0\"></span>4<span class=\"_ _2\"></span>7.<span class=\"_ _0\"></span>5<span class=\"_ _23f\"> </span></span></span>36 <span class=\"_ _89\"> </span></span><span class=\"lsc5 wsc4\">3<span class=\"_ _2\"></span>,9<span class=\"_ _1\"></span>0<span class=\"_ _2\"></span>3<span class=\"_ _1\"></span>.<span class=\"_ _1\"></span>0<span class=\"_ _18d\"> </span><span class=\"lsd5 wsd5\">2<span class=\"_ _2\"></span>76<span class=\"_ _1\"></span>.<span class=\"_ _2\"></span>0<span class=\"_ _7d\"> </span><span class=\"lsf8 wsfd\">4<span class=\"_ _2\"></span>,1<span class=\"_ _2\"></span>7<span class=\"_ _2\"></span>9.<span class=\"_ _1\"></span>0<span class=\"_ _5e\"> </span></span></span></span><span class=\"ls2\">3<span class=\"_ _1\"></span>5 </span>7<span class=\"_ _6\"></span>0% \u2013 80%<span class=\"_ _108\"> </span><span class=\"ff2 lsc4 wsc3\">1<span class=\"_ _0\"></span>,<span class=\"_ _1\"></span>9<span class=\"_ _0\"></span>7<span class=\"_ _3\"> </span>7.<span class=\"_ _1\"></span>1<span class=\"_ _3d\"> </span><span class=\"ls7f wse1\">173<span class=\"_ _1\"></span>.6<span class=\"_ _6b\"> </span><span class=\"lscd wsce\">2,150.7<span class=\"_ _ed\"> </span><span class=\"ls12 wsf\">16<span class=\"_ _1\"></span> <span class=\"_ _6b\"> </span></span></span></span></span><span class=\"ls2\">2,64<span class=\"_ _6\"></span>7<span class=\"_ _1f6\"></span>.7<span class=\"_ _50\"> </span><span class=\"ls11 ws6e\">240.0<span class=\"_ _8e\"> </span><span class=\"lsc8 wsc8\">2<span class=\"_ _0\"> </span>,<span class=\"_ _3\"> </span>8<span class=\"_ _0\"></span>8<span class=\"_ _2\"></span>7.<span class=\"_ _0\"></span>7<span class=\"_ _2ec\"> </span><span class=\"lscd wsce\">24 </span></span></span></span>80% \u2013 90%<span class=\"_ _a8\"> </span><span class=\"ff2 lsc3 wsc2\">4<span class=\"_ _1\"></span>1<span class=\"_ _1\"></span>8<span class=\"_ _1\"></span>.1<span class=\"_ _5a\"> </span><span class=\"ls11 ws6e\">13<span class=\"_ _1\"></span>0.2<span class=\"_ _98\"> </span><span class=\"ls1f ws1c\">548.3<span class=\"_ _116\"> </span><span class=\"ls2 ws2\">4 <span class=\"_ _8c\"> </span></span></span></span></span><span class=\"ls7e ws16\">452.8<span class=\"_ _55\"> </span><span class=\"lsd7 wsd7\">6<span class=\"_ _1\"></span>0<span class=\"_ _1\"></span>.4<span class=\"_ _e8\"> </span><span class=\"lsc7 ws7f\">513<span class=\"_ _1\"></span>.<span class=\"_ _1\"></span>2<span class=\"_ _35\"> </span></span></span></span><span class=\"ls2\">4 </span>90% \u2013 100%<span class=\"_ _2fa\"> </span><span class=\"ff2 lsc4 wsc3\">1<span class=\"_ _2\"></span>6<span class=\"_ _2\"></span>7.<span class=\"_ _0\"></span>3<span class=\"_ _4f\"> </span><span class=\"ls7e ws16\">14<span class=\"_ _1\"></span>.0<span class=\"_ _3d\"> </span><span class=\"ls14 ws11\">181.<span class=\"_ _1\"></span>3<span class=\"_ _169\"> </span><span class=\"ls2 ws2\">1 <span class=\"_ _5c\"> </span></span></span></span></span><span class=\"ls7a wsa1\">66.2<span class=\"_ _1c2\"> </span><span class=\"lsc7 ws7f\">11.<span class=\"_ _1\"></span>6<span class=\"_ _61\"> </span><span class=\"lsc8 wsc8\">7<span class=\"_ _3\"> </span>7.<span class=\"_ _0\"></span>8<span class=\"_ _21a\"> </span></span></span></span><span class=\"ls2\">1 </span>&gt;100%<span class=\"_ _2fc\"> </span><span class=\"ff2 lsc5 wsc4\">17<span class=\"_ _1\"></span>2<span class=\"_ _2\"></span>.9<span class=\"_ _15c\"> </span></span><span class=\"ff2\">4.<span class=\"_ _1\"></span>5<span class=\"_ _3b\"> </span><span class=\"lsc4 wsc3\">1<span class=\"_ _2\"></span>7<span class=\"_ _0\"></span>7.<span class=\"_ _2\"></span>4<span class=\"_ _103\"> </span><span class=\"ls2 ws2\">1 <span class=\"_ _3d\"> </span></span></span></span><span class=\"lsed wsf2\">1<span class=\"_ _1\"></span>6<span class=\"_ _1\"></span>5<span class=\"_ _1\"></span>.1<span class=\"_ _5f\"> </span><span class=\"ls86 wsf1\">5<span class=\"_ _2\"></span>.9<span class=\"_ _9d\"> </span><span class=\"ls38 ws35\">17<span class=\"_ _1\"></span>1<span class=\"_ _1\"></span>.0<span class=\"_ _103\"> </span><span class=\"ls2 ws2\">1 </span></span></span></span>T<span class=\"_ _8\"></span>otal loans before provisions<span class=\"_ _2fd\"> </span><span class=\"ls89 wscc\">1<span class=\"_ _1\"></span>0<span class=\"_ _1\"></span>,9<span class=\"_ _1\"></span>2<span class=\"_ _1\"></span>0<span class=\"_ _1\"></span>.<span class=\"_ _1\"></span>0<span class=\"_ _66\"> </span></span>2,<span class=\"_ _1\"></span>324.7<span class=\"_ _67\"> </span><span class=\"ls14 ws11\">13,<span class=\"_ _1\"></span>244.7<span class=\"_ _37\"> </span><span class=\"lse3 wse7\">10<span class=\"_ _1\"></span>0 <span class=\"_ _69\"> </span><span class=\"ff1 ls7a wsa1\">9<span class=\"_ _8\"></span>,<span class=\"_ _6\"></span>936.<span class=\"_ _6\"></span>1<span class=\"_ _7d\"> </span><span class=\"ls89 wscc\">2<span class=\"_ _1\"></span>,1<span class=\"_ _1\"></span>2<span class=\"_ _1\"></span>1<span class=\"_ _1\"></span>.<span class=\"_ _2\"></span>2<span class=\"_ _6c\"> </span><span class=\"lsc8 wsc8\">1<span class=\"_ _0\"></span>2<span class=\"_ _0\"></span>,<span class=\"_ _0\"></span>0<span class=\"_ _0\"></span>5<span class=\"_ _2\"></span>7.<span class=\"_ _3\"> </span>3<span class=\"_ _15c\"> </span><span class=\"ls6f ws75\">100 </span></span></span></span></span></span>The tables below sho<span class=\"_ _8\"></span>w the L<span class=\"_ _8\"></span>T<span class=\"_ _1\"></span>V analysis of the OSB BTL/SME sub-segmen<span class=\"_ _6\"></span>t:<span class=\"_ _383\"> </span>OSB<span class=\"_ _383\"> </span>2022<span class=\"_ _383\"> </span>Buy-to-Let<span class=\"_ _383\"> </span>\u00a3m<span class=\"_ _383\"> </span>Commercial<span class=\"_ _383\"> </span>\u00a3m<span class=\"_ _383\"> </span>Residential dev<span class=\"_ _6\"></span>elopment<span class=\"_ _383\"> </span>\u00a3m<span class=\"_ _383\"> </span>Funding lines<span class=\"_ _383\"> </span>\u00a3m<span class=\"_ _383\"> </span>To<span class=\"_ _1\"></span>t<span class=\"_ _2\"></span>a<span class=\"_ _1\"></span>l<span class=\"_ _383\"> </span>\u00a3m<span class=\"_ _383\"> </span>Band<span class=\"_ _56\"> </span><span class=\"ls2 ws2\"> <span class=\"_ _21a\"> </span> <span class=\"_ _11a\"> </span> <span class=\"_ _11a\"> </span> <span class=\"_ _11a\"> </span> </span>0% \u2013 50%<span class=\"_ _292\"> </span><span class=\"ff2 lsc4 wsc3\">1<span class=\"_ _0\"></span>,<span class=\"_ _2\"></span>1<span class=\"_ _2\"></span>3<span class=\"_ _0\"></span>7.<span class=\"_ _0\"></span>6<span class=\"_ _5c\"> </span><span class=\"lscb wscb\">11<span class=\"_ _1\"></span>4.7<span class=\"_ _57\"> </span><span class=\"lsc3 wsc2\">1<span class=\"_ _1\"></span>6<span class=\"_ _1\"></span>.1<span class=\"_ _93\"> </span><span class=\"ls7e ws16\">3<span class=\"_ _1\"></span>3.0<span class=\"_ _40\"> </span><span class=\"ls81 wsdf\">1<span class=\"_ _1\"></span>,<span class=\"_ _1\"></span>3<span class=\"_ _2\"></span>01<span class=\"_ _1\"></span>.4<span class=\"_ _383\"> </span></span></span></span></span></span>50% \u2013 60%<span class=\"_ _cc\"> </span><span class=\"ff2 lsc3 wsc2\">2<span class=\"_ _1\"></span>,<span class=\"_ _2\"></span>3<span class=\"_ _1\"></span>2<span class=\"_ _2\"></span>4<span class=\"_ _1\"></span>.1<span class=\"_ _3b\"> </span><span class=\"lscb wscb\">112.<span class=\"_ _1\"></span>8<span class=\"_ _55\"> </span><span class=\"lsc4 wsc3\">5<span class=\"_ _2\"></span>7.<span class=\"_ _0\"></span>2<span class=\"_ _ca\"> </span></span></span>3<span class=\"_ _1\"></span>.1<span class=\"_ _6e\"> </span><span class=\"lsf6 wsfb\">2,4<span class=\"_ _6\"></span>97<span class=\"_ _9\"></span>.2<span class=\"_ _383\"> </span></span></span>60% \u2013 7<span class=\"_ _6\"></span>0%<span class=\"_ _2fe\"> </span><span class=\"ff2 lscb wscb\">4,111.4<span class=\"_ _91\"> </span><span class=\"ls81 wsdf\">16<span class=\"_ _1\"></span>4<span class=\"_ _1\"></span>.4<span class=\"_ _3d\"> </span></span>110<span class=\"_ _1\"></span>.<span class=\"_ _1\"></span>2<span class=\"_ _1cc\"> </span><span class=\"ls2 ws2\">\u2013<span class=\"_ _89\"> </span>4,386.0<span class=\"_ _383\"> </span></span></span>7<span class=\"_ _6\"></span>0% \u2013 80%<span class=\"_ _2b2\"> </span><span class=\"ff2 ls6f ws75\">1,74<span class=\"_ _6\"></span>1.5<span class=\"_ _8c\"> </span><span class=\"ls7d wse2\">23<span class=\"_ _1\"></span>5.6<span class=\"_ _1cc\"> </span><span class=\"ls2 ws2\">\u2013<span class=\"_ _1cc\"> </span>\u2013<span class=\"_ _7f\"> </span><span class=\"lsc4 wsc3\">1<span class=\"_ _0\"></span>,<span class=\"_ _2\"></span>9<span class=\"_ _2\"></span>7<span class=\"_ _3\"> </span>7.<span class=\"_ _1\"></span>1<span class=\"_ _383\"> </span></span></span></span></span>80% \u2013 90%<span class=\"_ _6f\"> </span><span class=\"ff2 ls7d wse2\">232.8<span class=\"_ _3d\"> </span><span class=\"ls1e ws43\">1<span class=\"_ _1\"></span>51.6<span class=\"_ _d9\"> </span><span class=\"ls2 ws2\">\u2013<span class=\"_ _93\"> </span><span class=\"lscd wsce\">3<span class=\"_ _1\"></span>3.7<span class=\"_ _3b\"> </span><span class=\"lsc3 wsc2\">4<span class=\"_ _1\"></span>1<span class=\"_ _1\"></span>8<span class=\"_ _2\"></span>.1<span class=\"_ _383\"> </span></span></span></span></span></span>90% \u2013 100%<span class=\"_ _2a6\"> </span><span class=\"ff2 lsc4 wsc3\">7<span class=\"_ _2\"></span>7.<span class=\"_ _2\"></span>1<span class=\"_ _96\"> </span><span class=\"lsd3 ws86\">63.8<span class=\"_ _116\"> </span><span class=\"ls2 ws2\">\u2013<span class=\"_ _9d\"> </span><span class=\"ls81 wsdf\">26<span class=\"_ _1\"></span>.4<span class=\"_ _3b\"> </span></span></span></span>1<span class=\"_ _2\"></span>6<span class=\"_ _2\"></span>7.<span class=\"_ _0\"> </span>3<span class=\"_ _383\"> </span></span>&gt;100%<span class=\"_ _2ff\"> </span><span class=\"ff2\">130.5<span class=\"_ _9d\"> </span><span class=\"ls81 wsdf\">38<span class=\"_ _1\"></span>.4<span class=\"_ _5f\"> </span><span class=\"ls7e ws16\">1.0<span class=\"_ _1c2\"> </span>3<span class=\"_ _1\"></span>.0<span class=\"_ _18d\"> </span><span class=\"lsc5 wsc4\">1<span class=\"_ _1\"></span>72<span class=\"_ _2\"></span>.9<span class=\"_ _383\"> </span></span></span></span></span>T<span class=\"_ _8\"></span>otal loans before provisions<span class=\"_ _300\"> </span><span class=\"lsd3 ws86\">9<span class=\"_ _8\"></span>,755.0<span class=\"_ _50\"> </span><span class=\"ls14 ws11\">881.<span class=\"_ _1\"></span>3<span class=\"_ _a9\"> </span><span class=\"ls11 ws6e\">18<span class=\"_ _1\"></span>4.5<span class=\"_ _9d\"> </span><span class=\"lsc6 wsc5\">9<span class=\"_ _2\"></span>9.<span class=\"_ _0\"></span>2<span class=\"_ _1fe\"> </span><span class=\"ls89 wscc\">1<span class=\"_ _1\"></span>0<span class=\"_ _1\"></span>,9<span class=\"_ _1\"></span>2<span class=\"_ _1\"></span>0<span class=\"_ _1\"></span>.<span class=\"_ _1\"></span>0<span class=\"_ _383\"> </span></span></span></span></span></span>OSB<span class=\"_ _383\"> </span>2021<span class=\"_ _383\"> </span>Buy-to-Let<span class=\"_ _383\"> </span>\u00a3m<span class=\"_ _383\"> </span>Commercial<span class=\"_ _383\"> </span>\u00a3m<span class=\"_ _383\"> </span>Residential developmen<span class=\"_ _6\"></span>t<span class=\"_ _383\"> </span>\u00a3m<span class=\"_ _383\"> </span>Funding lines<span class=\"_ _383\"> </span>\u00a3m<span class=\"_ _383\"> </span>To<span class=\"_ _1\"></span>t<span class=\"_ _2\"></span>a<span class=\"_ _1\"></span>l<span class=\"_ _383\"> </span>\u00a3m<span class=\"_ _383\"> </span>Band<span class=\"_ _383\"> </span>0% \u2013 50%<span class=\"_ _2a6\"> </span><span class=\"ls88 wse3\">8<span class=\"_ _1\"></span>0<span class=\"_ _1\"></span>4.<span class=\"_ _1\"></span>0<span class=\"_ _9d\"> </span><span class=\"ls86 wsf1\">11<span class=\"_ _2\"></span>8<span class=\"_ _1\"></span>.9<span class=\"_ _57\"> </span></span></span><span class=\"ws6e\">19<span class=\"_ _8\"></span>.0<span class=\"_ _254\"> </span><span class=\"ls14 ws11\">65.7<span class=\"_ _73\"> </span><span class=\"lsc8 wsc8\">1<span class=\"_ _2\"></span>,<span class=\"_ _0\"></span>0<span class=\"_ _3\"> </span>0<span class=\"_ _2\"></span>7.<span class=\"_ _0\"></span>6<span class=\"_ _383\"> </span></span></span></span>50% \u2013 60%<span class=\"_ _301\"> </span><span class=\"ws6e\">1,532<span class=\"_ _1\"></span>.0<span class=\"_ _2ab\"> </span><span class=\"lsed wsf2\">1<span class=\"_ _2\"></span>0<span class=\"_ _1\"></span>5<span class=\"_ _2\"></span>.1<span class=\"_ _d0\"> </span>4<span class=\"_ _1\"></span>0<span class=\"_ _1\"></span>.1<span class=\"_ _37\"> </span><span class=\"lscc wscd\">16<span class=\"_ _1\"></span>.5<span class=\"_ _73\"> </span><span class=\"ls9f wsbc\">1,693.<span class=\"_ _1\"></span>7<span class=\"_ _383\"> </span></span></span></span></span>60% \u2013 7<span class=\"_ _6\"></span>0%<span class=\"_ _24c\"> </span><span class=\"lsed wsf2\">3<span class=\"_ _1\"></span>,<span class=\"_ _1\"></span>7<span class=\"_ _1\"></span>0<span class=\"_ _2\"></span>8<span class=\"_ _1\"></span>.1<span class=\"_ _93\"> </span>1<span class=\"_ _1\"></span>3<span class=\"_ _2\"></span>0<span class=\"_ _1\"></span>.1<span class=\"_ _1b4\"> </span><span class=\"lsa wse4\">61.<span class=\"_ _1\"></span>6<span class=\"_ _e5\"> </span><span class=\"ls2c ws29\">3.2<span class=\"_ _121\"> </span><span class=\"lsc5 wsc4\">3<span class=\"_ _2\"></span>,9<span class=\"_ _1\"></span>0<span class=\"_ _2\"></span>3<span class=\"_ _1\"></span>.<span class=\"_ _1\"></span>0<span class=\"_ _383\"> </span></span></span></span></span>7<span class=\"_ _6\"></span>0% \u2013 80%<span class=\"_ _302\"> </span><span class=\"lsd7 wsd7\">2<span class=\"_ _1\"></span>,4<span class=\"_ _1\"></span>2<span class=\"_ _1\"></span>3<span class=\"_ _2\"></span>.<span class=\"_ _1\"></span>7<span class=\"_ _91\"> </span><span class=\"ls88 wse3\">224.<span class=\"_ _1\"></span>0<span class=\"_ _d9\"> </span></span></span><span class=\"ls2\">\u2013<span class=\"_ _1cc\"> </span>\u2013<span class=\"_ _a1\"> </span>2,64<span class=\"_ _6\"></span>7<span class=\"_ _1f6\"></span>.7<span class=\"_ _383\"> </span></span>80% \u2013 90%<span class=\"_ _211\"> </span><span class=\"ls6f ws75\">249<span class=\"_ _6\"></span>.5<span class=\"_ _e8\"> </span><span class=\"ls86 wsf1\">16<span class=\"_ _2\"></span>5<span class=\"_ _1\"></span>.9<span class=\"_ _d9\"> </span><span class=\"ls2 ws2\">\u2013<span class=\"_ _d0\"> </span><span class=\"lsc8 wsc8\">3<span class=\"_ _0\"></span>7.<span class=\"_ _1\"></span>4<span class=\"_ _3e\"> </span><span class=\"ls7e ws16\">452<span class=\"_ _1\"></span>.8<span class=\"_ _383\"> </span></span></span></span></span></span>90% \u2013 100%<span class=\"_ _2ad\"> </span><span class=\"lsd7 wsd7\">4<span class=\"_ _2\"></span>6<span class=\"_ _1\"></span>.4<span class=\"_ _57\"> </span><span class=\"lsf8 wsfd\">1<span class=\"_ _2\"></span>9.<span class=\"_ _2\"></span>8<span class=\"_ _35\"> </span></span></span><span class=\"ls2\">\u2013<span class=\"_ _1cc\"> </span>\u2013<span class=\"_ _96\"> </span><span class=\"ls7a wsa1\">66.<span class=\"_ _1\"></span>2<span class=\"_ _383\"> </span></span></span>&gt;100%<span class=\"_ _303\"> </span><span class=\"ls88 wse3\">10<span class=\"_ _1\"></span>4.0<span class=\"_ _55\"> </span><span class=\"ls9f wsbc\">30.6<span class=\"_ _d9\"> </span><span class=\"ls2 ws2\">\u2013<span class=\"_ _9d\"> </span></span>3<span class=\"_ _1\"></span>0.5<span class=\"_ _93\"> </span><span class=\"lsed wsf2\">1<span class=\"_ _1\"></span>6<span class=\"_ _1\"></span>5<span class=\"_ _2\"></span>.1<span class=\"_ _383\"> </span></span></span></span>T<span class=\"_ _8\"></span>otal loans before provisions<span class=\"_ _13a\"> </span><span class=\"ff1 lsd4 ws46\">8,867<span class=\"_ _9\"></span>.7<span class=\"_ _18d\"> </span><span class=\"lsd7 wsd7\">7<span class=\"_ _1\"></span>9<span class=\"_ _1\"></span>4<span class=\"_ _1\"></span>.4<span class=\"_ _e8\"> </span><span class=\"ls12 wsf\">12<span class=\"_ _1\"></span>0.7<span class=\"_ _3b\"> </span><span class=\"lsf9 ws82\">153.3<span class=\"_ _73\"> </span><span class=\"ls7a wsa1\">9<span class=\"_ _8\"></span>,936.<span class=\"_ _8\"></span>1<span class=\"_ _383\"> </span></span></span></span></span></span>The tables below sho<span class=\"_ _8\"></span>w the L<span class=\"_ _8\"></span>T<span class=\"_ _1\"></span>V analysis of the OSB Residential sub-segmen<span class=\"_ _6\"></span>t:<span class=\"_ _383\"> </span>OSB<span class=\"_ _383\"> </span>2022<span class=\"_ _2dc\"> </span><span class=\"ff1\">2021<span class=\"_ _383\"> </span></span>First charge<span class=\"_ _383\"> </span>\u00a3m<span class=\"_ _383\"> </span>Sec<span class=\"_ _1\"></span>ond charge<span class=\"_ _383\"> </span>\u00a3m<span class=\"_ _383\"> </span>Funding lines<span class=\"_ _383\"> </span>\u00a3m<span class=\"_ _383\"> </span>To<span class=\"_ _1\"></span>t<span class=\"_ _2\"></span>a<span class=\"_ _1\"></span>l<span class=\"_ _383\"> </span>\u00a3m<span class=\"_ _383\"> </span>First char<span class=\"_ _6\"></span>ge<span class=\"_ _383\"> </span>\u00a3m<span class=\"_ _383\"> </span>Second charge<span class=\"_ _383\"> </span>\u00a3m<span class=\"_ _383\"> </span>Funding lines<span class=\"_ _383\"> </span>\u00a3m<span class=\"_ _383\"> </span>To<span class=\"_ _1\"></span>t<span class=\"_ _2\"></span>a<span class=\"_ _1\"></span>l<span class=\"_ _383\"> </span>\u00a3m<span class=\"_ _383\"> </span>Band<span class=\"_ _16f\"> </span><span class=\"ls2 ws2\"> <span class=\"_ _11a\"> </span> <span class=\"_ _11a\"> </span> <span class=\"_ _11a\"> </span> </span>0% \u2013 50%<span class=\"_ _2fa\"> </span><span class=\"ff2 lsc4 wsc3\">1<span class=\"_ _2\"></span>,<span class=\"_ _0\"></span>3<span class=\"_ _0\"></span>5<span class=\"_ _2\"></span>7.<span class=\"_ _0\"></span>6<span class=\"_ _18d\"> </span><span class=\"lsc6 wsc5\">1<span class=\"_ _1\"></span>0<span class=\"_ _2\"></span>9.<span class=\"_ _2\"></span>8<span class=\"_ _d9\"> </span><span class=\"ls2 ws2\">\u2013 <span class=\"_ _d\"> </span></span></span>1<span class=\"_ _0\"></span>,<span class=\"_ _2\"></span>4<span class=\"_ _0\"></span>6<span class=\"_ _2\"></span>7.<span class=\"_ _2\"></span>4<span class=\"_ _70\"> </span></span><span class=\"ls89 wscc\">1<span class=\"_ _1\"></span>,1<span class=\"_ _1\"></span>7<span class=\"_ _1\"></span>3<span class=\"_ _1\"></span>.<span class=\"_ _2\"></span>3<span class=\"_ _254\"> </span><span class=\"lsc7 ws7f\">111.<span class=\"_ _1\"></span>8<span class=\"_ _15e\"> </span><span class=\"ls9f wsbc\">0.<span class=\"_ _1\"></span>6<span class=\"_ _a1\"> </span>1,28<span class=\"_ _1\"></span>5.7<span class=\"_ _383\"> </span></span></span></span>50% \u2013 60%<span class=\"_ _304\"> </span><span class=\"ff2 lsc3 wsc2\">2<span class=\"_ _1\"></span>3<span class=\"_ _2\"></span>8<span class=\"_ _1\"></span>.1<span class=\"_ _9d\"> </span><span class=\"ls81 wsdf\">3<span class=\"_ _2\"></span>5.4<span class=\"_ _d9\"> </span><span class=\"ls2 ws2\">\u2013 <span class=\"_ _122\"> </span><span class=\"ls7f wse1\">273<span class=\"_ _1\"></span>.5<span class=\"_ _e8\"> </span></span></span></span></span><span class=\"lsd3 ws86\">189<span class=\"_ _8\"></span>.8<span class=\"_ _61\"> </span><span class=\"lsc7 ws7f\">51<span class=\"_ _1\"></span>.<span class=\"_ _1\"></span>8<span class=\"_ _d9\"> </span><span class=\"ls2 ws2\">\u2013 <span class=\"_ _50\"> </span><span class=\"ls78 ws109\">2<span class=\"_ _1\"></span>41<span class=\"_ _1\"></span>.<span class=\"_ _2\"></span>6<span class=\"_ _383\"> </span></span></span></span></span>60% \u2013 7<span class=\"_ _6\"></span>0%<span class=\"_ _107\"> </span><span class=\"ff2 lsc5 wsc4\">2<span class=\"_ _1\"></span>4<span class=\"_ _1\"></span>2<span class=\"_ _2\"></span>.9<span class=\"_ _254\"> </span><span class=\"ls14 ws11\">18.<span class=\"_ _1\"></span>6<span class=\"_ _1cc\"> </span><span class=\"ls2 ws2\">\u2013 <span class=\"_ _8c\"> </span><span class=\"ls33 ws30\">2<span class=\"_ _1\"></span>61.<span class=\"_ _1\"></span>5<span class=\"_ _a9\"> </span></span></span></span></span><span class=\"ls9f wsbc\">240.<span class=\"_ _1\"></span>2<span class=\"_ _55\"> </span><span class=\"ls7a wsa1\">35.8<span class=\"_ _1cc\"> </span></span></span><span class=\"ls2\">\u2013 <span class=\"_ _98\"> </span><span class=\"lsd5 wsd5\">2<span class=\"_ _1\"></span>76<span class=\"_ _2\"></span>.<span class=\"_ _1\"></span>0<span class=\"_ _383\"> </span></span></span>7<span class=\"_ _6\"></span>0% \u2013 80%<span class=\"_ _a4\"> </span><span class=\"ff2 ls12 wsf\">16<span class=\"_ _1\"></span>8.<span class=\"_ _1\"></span>3<span class=\"_ _15c\"> </span><span class=\"ls7d wse2\">5.3<span class=\"_ _1cc\"> </span><span class=\"ls2 ws2\">\u2013 <span class=\"_ _98\"> </span><span class=\"ls7f wse1\">173.<span class=\"_ _1\"></span>6<span class=\"_ _3b\"> </span></span></span></span></span><span class=\"ls9f wsbc\">221.3<span class=\"_ _37\"> </span><span class=\"ls14 ws11\">18<span class=\"_ _1\"></span>.7<span class=\"_ _1cc\"> </span></span></span><span class=\"ls2\">\u2013 <span class=\"_ _83\"> </span></span><span class=\"ws6e\">24<span class=\"_ _1\"></span>0.0<span class=\"_ _383\"> </span></span>80% \u2013 90%<span class=\"_ _18b\"> </span><span class=\"ff2 ls7e ws16\">128.<span class=\"_ _1\"></span>8<span class=\"_ _5f\"> </span><span class=\"ls81 wsdf\">1<span class=\"_ _1\"></span>.4<span class=\"_ _d9\"> </span><span class=\"ls2 ws2\">\u2013 <span class=\"_ _83\"> </span><span class=\"ls11 ws6e\">130.<span class=\"_ _1\"></span>2<span class=\"_ _55\"> </span></span></span></span></span><span class=\"ls6f ws75\">56.5<span class=\"_ _8b\"> </span><span class=\"ls86 wsf1\">3<span class=\"_ _1\"></span>.9<span class=\"_ _d9\"> </span></span></span><span class=\"ls2\">\u2013 <span class=\"_ _5c\"> </span><span class=\"lsd7 wsd7\">6<span class=\"_ _2\"></span>0<span class=\"_ _1\"></span>.4<span class=\"_ _383\"> </span></span></span>90% \u2013 100%<span class=\"_ _a8\"> </span><span class=\"ff2 ls81 wsdf\">1<span class=\"_ _1\"></span>3<span class=\"_ _1\"></span>.4<span class=\"_ _15c\"> </span><span class=\"ls11 ws6e\">0.6<span class=\"_ _1cc\"> </span><span class=\"ls2 ws2\">\u2013 <span class=\"_ _2ab\"> </span><span class=\"ls7e ws16\">14.0<span class=\"_ _61\"> </span></span></span></span></span><span class=\"ls9f wsbc\">10.3<span class=\"_ _ca\"> </span>1.3<span class=\"_ _d9\"> </span></span><span class=\"ls2\">\u2013 <span class=\"_ _9c\"> </span><span class=\"lsc7 ws7f\">11.<span class=\"_ _1\"></span>6<span class=\"_ _383\"> </span></span></span>&gt;100%<span class=\"_ _305\"> </span><span class=\"ff2 lsd3 ws86\">3.8<span class=\"_ _15c\"> </span></span><span class=\"ff2\">0.7<span class=\"_ _1cc\"> </span><span class=\"ls2 ws2\">\u2013 <span class=\"_ _d0\"> </span></span>4.5<span class=\"_ _e5\"> </span></span><span class=\"ls88 wse3\">4.<span class=\"_ _1\"></span>5<span class=\"_ _ce\"> </span><span class=\"lsd7 wsd7\">1<span class=\"_ _1\"></span>.4<span class=\"_ _d9\"> </span><span class=\"ls2 ws2\">\u2013 <span class=\"_ _b2\"> </span><span class=\"ls86 wsf1\">5<span class=\"_ _2\"></span>.9<span class=\"_ _383\"> </span></span></span></span></span>T<span class=\"_ _8\"></span>otal loans before provisions<span class=\"_ _159\"> </span><span class=\"lsd7 wsd7\">2<span class=\"_ _1\"></span>,1<span class=\"_ _1\"></span>5<span class=\"_ _1\"></span>2<span class=\"_ _2\"></span>.9<span class=\"_ _e8\"> </span><span class=\"ls12 wsf\">171.<span class=\"_ _1\"></span>8<span class=\"_ _1cc\"> </span><span class=\"ls2 ws2\">\u2013 <span class=\"_ _19f\"> </span></span></span></span>2,3<span class=\"_ _1\"></span>24.7<span class=\"_ _76\"> </span><span class=\"ff1 ls86 wsf1\">1<span class=\"_ _1\"></span>,<span class=\"_ _2\"></span>8<span class=\"_ _1\"></span>9<span class=\"_ _1\"></span>5<span class=\"_ _2\"></span>.9<span class=\"_ _18d\"> </span><span class=\"lse3 wse7\">224.7<span class=\"_ _53\"> </span><span class=\"ls9f wsbc\">0.6<span class=\"_ _7d\"> </span><span class=\"ls89 wscc\">2<span class=\"_ _2\"></span>,12<span class=\"_ _2\"></span>1.<span class=\"_ _2\"></span>2<span class=\"_ _383\"> </span></span></span></span></span>The table below sho<span class=\"_ _8\"></span>ws the L<span class=\"_ _8\"></span>T<span class=\"_ _1\"></span>V analysis of the four CCFS sub-segmen<span class=\"_ _6\"></span>t: CCFS<span class=\"_ _383\"> </span>2022<span class=\"_ _383\"> </span>Buy-to-Let<span class=\"_ _383\"> </span>\u00a3m<span class=\"_ _383\"> </span>Residential<span class=\"_ _383\"> </span>\u00a3m<span class=\"_ _383\"> </span>Bridging<span class=\"_ _383\"> </span>\u00a3m<span class=\"_ _383\"> </span>Sec<span class=\"_ _1\"></span>ond charge lending<span class=\"_ _383\"> </span>\u00a3m<span class=\"_ _383\"> </span>To<span class=\"_ _1\"></span>t<span class=\"_ _2\"></span>a<span class=\"_ _1\"></span>l<span class=\"_ _383\"> </span>\u00a3m<span class=\"_ _116\"> </span><span class=\"ls2 ws2\">%<span class=\"_ _383\"> </span></span>Band<span class=\"_ _21c\"> </span><span class=\"ls2 ws2\"> <span class=\"_ _11a\"> </span> <span class=\"_ _11a\"> </span> <span class=\"_ _11a\"> </span> <span class=\"_ _11a\"> </span> <span class=\"_ _11a\"> </span> </span>0% \u2013 50%<span class=\"_ _2dc\"> </span><span class=\"ff2 ls2c ws29\">308.6<span class=\"_ _8c\"> </span><span class=\"lscd wsce\">498.<span class=\"_ _1\"></span>3<span class=\"_ _9d\"> </span><span class=\"lsc5 wsc4\">6<span class=\"_ _1\"></span>2<span class=\"_ _2\"></span>.9<span class=\"_ _96\"> </span>4<span class=\"_ _1\"></span>4<span class=\"_ _1\"></span>.9<span class=\"_ _3e\"> </span><span class=\"ls11 ws6e\">914.<span class=\"_ _1\"></span>7<span class=\"_ _d9\"> </span><span class=\"ls2 ws2\">9 </span></span></span></span></span>50% \u2013 60%<span class=\"_ _306\"> </span><span class=\"ff2 lsc6 wsc5\">7<span class=\"_ _1\"></span>9<span class=\"_ _2\"></span>9.<span class=\"_ _2\"></span>5<span class=\"_ _a9\"> </span><span class=\"ls14 ws11\">5<span class=\"_ _1\"></span>01.8<span class=\"_ _55\"> </span></span>2<span class=\"_ _1\"></span>9.9<span class=\"_ _55\"> </span>2<span class=\"_ _2\"></span>9.<span class=\"_ _1\"></span>9<span class=\"_ _7d\"> </span><span class=\"lsc3 wsc2\">1<span class=\"_ _2\"></span>,<span class=\"_ _1\"></span>3<span class=\"_ _2\"></span>61<span class=\"_ _1\"></span>.1<span class=\"_ _1da\"> </span><span class=\"ls14 ws11\">13 </span></span></span>60% \u2013 7<span class=\"_ _6\"></span>0%<span class=\"_ _c6\"> </span><span class=\"ff2 lsc4 wsc3\">2<span class=\"_ _2\"></span>,<span class=\"_ _0\"> </span>5<span class=\"_ _0\"> </span>8<span class=\"_ _0\"></span>7.<span class=\"_ _0\"></span>6<span class=\"_ _86\"> </span><span class=\"ls11 ws6e\">9<span class=\"_ _1\"></span>24.<span class=\"_ _1\"></span>2<span class=\"_ _93\"> </span><span class=\"lsff ws91\">25.6<span class=\"_ _59\"> </span></span>2<span class=\"_ _1\"></span>4.3<span class=\"_ _6b\"> </span><span class=\"ls33 ws30\">3<span class=\"_ _1\"></span>,<span class=\"_ _1\"></span>5<span class=\"_ _1\"></span>61<span class=\"_ _1\"></span>.7<span class=\"_ _ca\"> </span><span class=\"ls2 ws2\">3<span class=\"_ _1\"></span>4 </span></span></span></span>7<span class=\"_ _6\"></span>0% \u2013 80%<span class=\"_ _307\"> </span><span class=\"ff2 ls33 ws30\">3<span class=\"_ _1\"></span>,61<span class=\"_ _1\"></span>3<span class=\"_ _1\"></span>.<span class=\"_ _1\"></span>8<span class=\"_ _86\"> </span><span class=\"lsc5 wsc4\">6<span class=\"_ _1\"></span>2<span class=\"_ _1\"></span>2<span class=\"_ _2\"></span>.9<span class=\"_ _96\"> </span>2<span class=\"_ _1\"></span>6<span class=\"_ _2\"></span>.9<span class=\"_ _9c\"> </span><span class=\"lscd wsce\">13.7<span class=\"_ _d\"> </span><span class=\"lsc4 wsc3\">4<span class=\"_ _2\"></span>,<span class=\"_ _3\"> </span>2<span class=\"_ _2\"></span>7<span class=\"_ _3\"> </span>7.<span class=\"_ _0\"></span>3<span class=\"_ _20e\"> </span><span class=\"lse0 wse0\">41 </span></span></span></span></span>80% \u2013 90%<span class=\"_ _d3\"> </span><span class=\"ff2 lsc3 wsc2\">2<span class=\"_ _1\"></span>1<span class=\"_ _1\"></span>5<span class=\"_ _2\"></span>.1<span class=\"_ _5a\"> </span><span class=\"ls6f ws75\">146.8<span class=\"_ _15c\"> </span><span class=\"ls81 wsdf\">2<span class=\"_ _1\"></span>.4<span class=\"_ _5f\"> </span><span class=\"ls14 ws11\">1.<span class=\"_ _1\"></span>2<span class=\"_ _98\"> </span><span class=\"lse3 wse7\">365.5<span class=\"_ _d9\"> </span><span class=\"ls2 ws2\">3 </span></span></span></span></span></span>90% \u2013 100%<span class=\"_ _308\"> </span><span class=\"ff2 ws6e\">0.2<span class=\"_ _1c2\"> </span>0.8<span class=\"_ _5f\"> </span><span class=\"ls14 ws11\">1.5<span class=\"_ _1cc\"> </span><span class=\"ls2 ws2\">\u2013<span class=\"_ _1c2\"> </span><span class=\"ls6f ws75\">2<span class=\"_ _1\"></span>.5<span class=\"_ _1cc\"> </span></span>\u2013<span class=\"_ _383\"> </span></span></span></span>&gt;100%<span class=\"_ _1a0\"> </span><span class=\"ff2 ls2 ws2\">-<span class=\"_ _5f\"> </span><span class=\"lsc3 wsc2\">0<span class=\"_ _1\"></span>.1<span class=\"_ _15c\"> </span></span></span><span class=\"ff2\">0.5<span class=\"_ _d9\"> </span><span class=\"ls2 ws2\">\u2013<span class=\"_ _63\"> </span></span>0.<span class=\"_ _1\"></span>6<span class=\"_ _1cc\"> </span><span class=\"ls2 ws2\">\u2013<span class=\"_ _383\"> </span></span></span>T<span class=\"_ _8\"></span>otal loans before provisions<span class=\"_ _309\"> </span><span class=\"lse4 wse9\">7,<span class=\"_ _2\"></span>5<span class=\"_ _0\"></span>2<span class=\"_ _0\"></span>4<span class=\"_ _2\"></span>.<span class=\"_ _0\"> </span>8<span class=\"_ _6e\"> </span><span class=\"lsc5 wsc4\">2<span class=\"_ _1\"></span>,<span class=\"_ _1\"></span>6<span class=\"_ _2\"></span>9<span class=\"_ _1\"></span>4<span class=\"_ _1\"></span>.9<span class=\"_ _3d\"> </span><span class=\"ls6f ws75\">149<span class=\"_ _8\"></span>.7<span class=\"_ _3d\"> </span><span class=\"lscb wscb\">11<span class=\"_ _1\"></span>4.0<span class=\"_ _67\"> </span><span class=\"ls81 wsdf\">10<span class=\"_ _1\"></span>,4<span class=\"_ _1\"></span>8<span class=\"_ _1\"></span>3<span class=\"_ _1\"></span>.4<span class=\"_ _1b4\"> </span><span class=\"lse3 wse7\">10<span class=\"_ _1\"></span>0<span class=\"_ _383\"> </span></span></span></span></span></span></span>CCFS<span class=\"_ _383\"> </span>2021<span class=\"_ _383\"> </span>Buy-to-Let<span class=\"_ _383\"> </span>\u00a3m<span class=\"_ _383\"> </span>Residential<span class=\"_ _383\"> </span>\u00a3m<span class=\"_ _383\"> </span>Bridging<span class=\"_ _383\"> </span>\u00a3m<span class=\"_ _383\"> </span>Second charge lending<span class=\"_ _383\"> </span>\u00a3m<span class=\"_ _383\"> </span>To<span class=\"_ _1\"></span>t<span class=\"_ _2\"></span>a<span class=\"_ _1\"></span>l<span class=\"_ _383\"> </span>\u00a3m<span class=\"_ _1cc\"> </span><span class=\"ls2 ws2\">%<span class=\"_ _383\"> </span></span>Band<span class=\"_ _383\"> </span>0% \u2013 50%<span class=\"_ _30a\"> </span><span class=\"ls88 wse3\">10<span class=\"_ _1\"></span>4.<span class=\"_ _1\"></span>8<span class=\"_ _3b\"> </span><span class=\"lsa wse4\">2<span class=\"_ _1\"></span>61.<span class=\"_ _1\"></span>0<span class=\"_ _55\"> </span><span class=\"ls9f wsbc\">30.2<span class=\"_ _55\"> </span><span class=\"ls7d wse2\">32.2<span class=\"_ _a9\"> </span><span class=\"ls7c wsd0\">42<span class=\"_ _1\"></span>8<span class=\"_ _1\"></span>.<span class=\"_ _1\"></span>2<span class=\"_ _d9\"> </span></span></span></span></span></span><span class=\"ls2\">5 </span>50% \u2013 60%<span class=\"_ _fe\"> </span><span class=\"lsd7 wsd7\">20<span class=\"_ _2\"></span>5<span class=\"_ _1\"></span>.4<span class=\"_ _91\"> </span><span class=\"lscd wsce\">246.8<span class=\"_ _5f\"> </span><span class=\"lsf8 wsfd\">9.<span class=\"_ _2\"></span>3<span class=\"_ _254\"> </span><span class=\"ls54 ws55\">28<span class=\"_ _1\"></span>.6<span class=\"_ _3b\"> </span><span class=\"lsed wsf2\">49<span class=\"_ _2\"></span>0<span class=\"_ _1\"></span>.1<span class=\"_ _35\"> </span></span></span></span></span></span><span class=\"ls2\">5 </span>60% \u2013 7<span class=\"_ _6\"></span>0%<span class=\"_ _2b4\"> </span><span class=\"lsd7 wsd7\">7<span class=\"_ _1\"></span>0<span class=\"_ _2\"></span>2<span class=\"_ _1\"></span>.4<span class=\"_ _3b\"> </span><span class=\"lsed wsf2\">4<span class=\"_ _1\"></span>8<span class=\"_ _2\"></span>0<span class=\"_ _1\"></span>.1<span class=\"_ _57\"> </span><span class=\"ls86 wsf1\">1<span class=\"_ _1\"></span>4<span class=\"_ _1\"></span>.9<span class=\"_ _254\"> </span><span class=\"ls6f ws75\">44.5<span class=\"_ _94\"> </span><span class=\"ls9f wsbc\">1,<span class=\"_ _1\"></span>241.<span class=\"_ _8\"></span>9<span class=\"_ _20e\"> </span><span class=\"ls14 ws11\">14 </span></span></span></span></span></span>7<span class=\"_ _6\"></span>0% \u2013 80%<span class=\"_ _30b\"> </span><span class=\"lsc8 wsc8\">4<span class=\"_ _2\"></span>,<span class=\"_ _0\"></span>8<span class=\"_ _0\"></span>2<span class=\"_ _0\"></span>7.<span class=\"_ _0\"></span>7<span class=\"_ _76\"> </span><span class=\"ls88 wse3\">1<span class=\"_ _1\"></span>,<span class=\"_ _1\"></span>23<span class=\"_ _1\"></span>4.<span class=\"_ _1\"></span>5<span class=\"_ _ce\"> </span><span class=\"lsd7 wsd7\">1<span class=\"_ _1\"></span>.4<span class=\"_ _1c2\"> </span></span></span>3<span class=\"_ _0\"></span>7.<span class=\"_ _2\"></span>1<span class=\"_ _76\"> </span><span class=\"ls89 wscc\">6<span class=\"_ _2\"></span>,1<span class=\"_ _1\"></span>0<span class=\"_ _1\"></span>0<span class=\"_ _1\"></span>.<span class=\"_ _1\"></span>7<span class=\"_ _2ec\"> </span><span class=\"ls78 ws109\">67<span class=\"_ _2\"></span> </span></span></span>80% \u2013 90%<span class=\"_ _306\"> </span><span class=\"ls9f wsbc\">56<span class=\"_ _1\"></span>0.5<span class=\"_ _91\"> </span><span class=\"ls86 wsf1\">2<span class=\"_ _1\"></span>6<span class=\"_ _2\"></span>8<span class=\"_ _1\"></span>.9<span class=\"_ _e5\"> </span></span>0.5<span class=\"_ _d0\"> </span><span class=\"ls88 wse3\">1<span class=\"_ _1\"></span>4.5<span class=\"_ _91\"> </span><span class=\"lsd7 wsd7\">8<span class=\"_ _2\"></span>4<span class=\"_ _1\"></span>4<span class=\"_ _1\"></span>.4<span class=\"_ _35\"> </span></span></span></span><span class=\"ls2\">9 </span>90% \u2013 100%<span class=\"_ _df\"> </span><span class=\"lsed wsf2\">0<span class=\"_ _1\"></span>.1<span class=\"_ _ce\"> </span><span class=\"lsd7 wsd7\">1<span class=\"_ _2\"></span>.4<span class=\"_ _d9\"> </span></span></span><span class=\"ls2\">\u2013<span class=\"_ _1cc\"> </span>\u2013<span class=\"_ _52\"> </span><span class=\"ls9f wsbc\">1.<span class=\"_ _1\"></span>5<span class=\"_ _1cc\"> </span></span>\u2013<span class=\"_ _383\"> </span></span>T<span class=\"_ _8\"></span>otal loans before provisions<span class=\"_ _30c\"> </span><span class=\"ff1 ls86 wsf1\">6<span class=\"_ _1\"></span>,4<span class=\"_ _2\"></span>0<span class=\"_ _2\"></span>0<span class=\"_ _1\"></span>.9<span class=\"_ _69\"> </span><span class=\"ls2 ws2\">2,4<span class=\"_ _6\"></span>92.7<span class=\"_ _96\"> </span><span class=\"ls7a wsa1\">56.3<span class=\"_ _e8\"> </span><span class=\"ls86 wsf1\">1<span class=\"_ _1\"></span>5<span class=\"_ _2\"></span>6<span class=\"_ _1\"></span>.9<span class=\"_ _73\"> </span><span class=\"lsf8 wsfd\">9,1<span class=\"_ _2\"></span>0<span class=\"_ _2\"></span>6<span class=\"_ _2\"></span>.<span class=\"_ _2\"></span>8<span class=\"_ _15c\"> </span><span class=\"ls6f ws75\">100<span class=\"_ _383\"> </span></span></span></span></span></span></span>",
   "dimensions": {
    "concept": "ifrs-full:DisclosureOfCollateralExplanatory",
    "language": "en",
    "entity": "scheme:213800ZBKL9BHSL2K459",
    "period": "2022-01-01T00:00:00/2023-01-01T00:00:00"
   }
  },
  "fact-573": {
   "value": "<span class=\"_ _383\">22.\u2002Fina</span><span class=\"_ _1\"></span>nce l<span class=\"_ _1\"></span>ea<span class=\"_ _1\"></span>ses<span class=\"_ _383\"> </span>The Group pro<span class=\"_ _6\"></span>vides asset \ufb01nance lending through In<span class=\"_ _6\"></span>terBay Asset Finance Limited.<span class=\"_ _383\"> </span>2022<span class=\"_ _383\"> </span>\u00a3m<span class=\"_ _383\"> </span>2021<span class=\"_ _383\"> </span>\u00a3m<span class=\"_ _383\"> </span>Gross inv<span class=\"_ _6\"></span>estment in \ufb01nance leases, receivable<span class=\"_ _297\"> </span><span class=\"ls2\"> </span>Less than one year<span class=\"_ _23e\"> </span><span class=\"ff2 ws6e\">60.7<span class=\"_ _9c\"> </span></span><span class=\"lsf8 wsfd\">3<span class=\"_ _2\"></span>9.<span class=\"_ _2\"></span>7<span class=\"_ _383\"> </span></span>Between one and tw<span class=\"_ _6\"></span>o years<span class=\"_ _1f0\"> </span><span class=\"ff2 ls6f ws75\">49<span class=\"_ _8\"></span>.5<span class=\"_ _d0\"> </span><span class=\"ff1 lsc8 wsc8\">2<span class=\"_ _0\"></span>7.<span class=\"_ _0\"></span>7<span class=\"_ _383\"> </span></span></span>Between tw<span class=\"_ _6\"></span>o and three years<span class=\"_ _298\"> </span><span class=\"ff2 ls2\">36.0<span class=\"_ _9c\"> </span></span><span class=\"lsc8 wsc8\">2<span class=\"_ _2\"></span>7.<span class=\"_ _0\"></span>5<span class=\"_ _383\"> </span></span>Between three and four ye<span class=\"_ _6\"></span>ars<span class=\"_ _1d2\"> </span><span class=\"ff2 ls81 wsdf\">23<span class=\"_ _1\"></span>.4<span class=\"_ _63\"> </span></span><span class=\"lsc8 wsc8\">1<span class=\"_ _2\"></span>7.<span class=\"_ _3\"> </span>2<span class=\"_ _383\"> </span></span>Between four and \ufb01v<span class=\"_ _6\"></span>e years<span class=\"_ _5d\"> </span><span class=\"ff2 lsc6 wsc5\">9.<span class=\"_ _1\"></span>9<span class=\"_ _37\"> </span></span><span class=\"ls88 wse3\">1<span class=\"_ _1\"></span>4.6<span class=\"_ _383\"> </span></span>More than \ufb01v<span class=\"_ _6\"></span>e years<span class=\"_ _225\"> </span><span class=\"ff2 ls14 ws11\">1.3<span class=\"_ _e5\"> </span></span><span class=\"ls86 wsf1\">0<span class=\"_ _2\"></span>.9<span class=\"_ _383\"> </span></span>180.<span class=\"_ _1\"></span>8<span class=\"_ _59\"> </span><span class=\"ff1 lsc8 wsc8\">1<span class=\"_ _2\"></span>2<span class=\"_ _0\"></span>7.<span class=\"_ _0\"></span>6<span class=\"_ _383\"> </span></span>Unearned \ufb01nance income<span class=\"_ _1f7\"> </span><span class=\"ff2 lsc4 wsc3\">(<span class=\"_ _2\"></span>1<span class=\"_ _0\"></span>7.<span class=\"_ _0\"></span>6<span class=\"_ _2\"></span>)<span class=\"_ _96\"> </span></span><span class=\"lsd7 wsd7\">(1<span class=\"_ _1\"></span>1<span class=\"_ _1\"></span>.4)<span class=\"_ _383\"> </span></span>Net inv<span class=\"_ _6\"></span>estment in \ufb01nance leases<span class=\"_ _299\"> </span><span class=\"ff2 ls12 wsf\">163<span class=\"_ _1\"></span>.<span class=\"_ _1\"></span>2<span class=\"_ _93\"> </span></span><span class=\"lsc7 ws7f\">116.<span class=\"_ _1\"></span>2<span class=\"_ _383\"> </span></span>Net inv<span class=\"_ _6\"></span>estment in \ufb01nance leases, receivable<span class=\"_ _29a\"> </span><span class=\"ls2\"> </span>Less than one year<span class=\"_ _29b\"> </span><span class=\"ff2 ls81 wsdf\">52<span class=\"_ _2\"></span>.4<span class=\"_ _4f\"> </span></span><span class=\"ls88 wse3\">34.<span class=\"_ _1\"></span>7<span class=\"_ _383\"> </span></span>Between one and tw<span class=\"_ _6\"></span>o years<span class=\"_ _60\"> </span><span class=\"ff2 ls81 wsdf\">44<span class=\"_ _1\"></span>.4<span class=\"_ _55\"> </span></span><span class=\"ls1e ws43\">26.0<span class=\"_ _383\"> </span></span>Between tw<span class=\"_ _6\"></span>o and three years<span class=\"_ _298\"> </span><span class=\"ff2 ls2c ws29\">33.2<span class=\"_ _96\"> </span></span><span class=\"ls14 ws11\">25.<span class=\"_ _1\"></span>5<span class=\"_ _383\"> </span></span>Between three and four ye<span class=\"_ _6\"></span>ars<span class=\"_ _29c\"> </span><span class=\"ff2 ls7d wse2\">22.3<span class=\"_ _61\"> </span></span><span class=\"ls9f wsbc\">15.<span class=\"_ _1\"></span>8<span class=\"_ _383\"> </span></span>Between four and \ufb01v<span class=\"_ _6\"></span>e years<span class=\"_ _5d\"> </span><span class=\"ff2 lsc6 wsc5\">9.6<span class=\"_ _1b4\"> </span></span><span class=\"lscd wsce\">13.3<span class=\"_ _383\"> </span></span>More than \ufb01v<span class=\"_ _6\"></span>e years<span class=\"_ _225\"> </span><span class=\"ff2 ls14 ws11\">1.3<span class=\"_ _e5\"> </span></span><span class=\"ls86 wsf1\">0<span class=\"_ _2\"></span>.9</span> <span class=\"_ _29d\"> </span><span class=\"ff2 ls12 wsf\">163<span class=\"_ _1\"></span>.<span class=\"_ _1\"></span>2<span class=\"_ _93\"> </span></span><span class=\"lsc7 ws7f\">116.<span class=\"_ _1\"></span>2<span class=\"_ _383\"> </span></span>The Group has recognised \u00a34<span class=\"_ _8\"></span>.8m of ECLs on \ufb01nance leases as at 31 December 2022 (<span class=\"_ _6\"></span>2021: \u00a34<span class=\"_ _8\"></span>.3m). <span class=\"_ _383\">35.\u2002Leas</span><span class=\"_ _1\"></span>e liabilities<span class=\"_ _383\"> </span>2022<span class=\"_ _383\"> </span>\u00a3m<span class=\"_ _383\"> </span>2021<span class=\"_ _383\"> </span>\u00a3m<span class=\"_ _383\"> </span>At 1 January<span class=\"_ _279\"> </span><span class=\"ff2 ws6e\">10.7<span class=\"_ _15c\"> </span></span><span class=\"lsc7 ws7f\">11.<span class=\"_ _1\"></span>7<span class=\"_ _383\"> </span></span>New leases<span class=\"_ _2d6\"> </span><span class=\"ff2 lsc5 wsc4\">0<span class=\"_ _1\"></span>.9<span class=\"_ _8b\"> </span></span><span class=\"ls9f wsbc\">0.7<span class=\"_ _383\"> </span></span>Lease t<span class=\"_ _6\"></span>ermination<span class=\"_ _237\"> </span><span class=\"ff2 ls2\">\u2013<span class=\"_ _15c\"> </span></span><span class=\"lsed wsf2\">(<span class=\"_ _1\"></span>0<span class=\"_ _1\"></span>.1<span class=\"_ _1\"></span>)<span class=\"_ _383\"> </span></span>Lease r<span class=\"_ _6\"></span>epayments<span class=\"_ _2d7\"> </span><span class=\"ff2 lsc5 wsc4\">(<span class=\"_ _1\"></span>1<span class=\"_ _1\"></span>.9<span class=\"_ _1\"></span>)<span class=\"_ _d0\"> </span></span><span class=\"ls86 wsf1\">(<span class=\"_ _1\"></span>1<span class=\"_ _2\"></span>.9)<span class=\"_ _383\"> </span></span>Inter<span class=\"_ _6\"></span>est accruals<span class=\"_ _2d8\"> </span><span class=\"ff2 ws6e\">0.2<span class=\"_ _15e\"> </span></span><span class=\"ls9f wsbc\">0.3<span class=\"_ _383\"> </span></span>At 31 December<span class=\"_ _183\"> </span><span class=\"lsc6 wsc5\">9.9<span class=\"_ _1b4\"> </span><span class=\"ff1 ls9f wsbc\">10.7<span class=\"_ _383\"> </span></span></span>During the year<span class=\"_ _8\"></span>, the Group incurred e<span class=\"_ _6\"></span>xpenses of \u00a30<span class=\"_ _6\"></span>.3m (2<span class=\"_ _6\"></span>021: \u00a30<span class=\"_ _6\"></span>.2m) in relation to short-term leases<span class=\"_ _6\"></span>.<span class=\"_ _383\"> </span>",
   "dimensions": {
    "concept": "ifrs-full:DisclosureOfLeasesExplanatory",
    "language": "en",
    "entity": "scheme:213800ZBKL9BHSL2K459",
    "period": "2022-01-01T00:00:00/2023-01-01T00:00:00"
   }
  },
  "fact-521": {
   "value": "<span class=\"_ _383\">23.\u2002Exp</span><span class=\"_ _1\"></span>ec<span class=\"_ _1\"></span>ted c<span class=\"_ _1\"></span>re<span class=\"_ _1\"></span>dit los<span class=\"_ _1\"></span>se<span class=\"_ _1\"></span>s<span class=\"_ _383\"> </span>The ECL has been calculated based on v<span class=\"_ _6\"></span>arious scenarios as set out below:<span class=\"_ _383\"> </span>2022<span class=\"_ _290\"> </span><span class=\"ff1\">2021<span class=\"_ _383\"> </span></span>ECL provision<span class=\"_ _383\"> </span>\u00a3m<span class=\"_ _383\"> </span>W<span class=\"_ _8\"></span>eighting<span class=\"_ _383\"> </span>%<span class=\"_ _383\"> </span>W<span class=\"_ _8\"></span>eighted ECL provision<span class=\"_ _383\"> </span>\u00a3m<span class=\"_ _383\"> </span>ECL pro<span class=\"_ _6\"></span>vision<span class=\"_ _383\"> </span>\u00a3m<span class=\"_ _383\"> </span>W<span class=\"_ _8\"></span>eighting<span class=\"_ _383\"> </span>%<span class=\"_ _383\"> </span>W<span class=\"_ _8\"></span>eighted ECL provision \u00a3m<span class=\"_ _383\"> </span>Scenarios<span class=\"_ _f3\"> </span><span class=\"ls2 ws2\"> <span class=\"_ _21a\"> </span> <span class=\"_ _11a\"> </span> </span>Upside<span class=\"_ _29e\"> </span><span class=\"ff2 ls7d wse2\">32.8 <span class=\"_ _53\"> </span><span class=\"ls2 ws2\">30 <span class=\"_ _37\"> </span><span class=\"lsc6 wsc5\">9.<span class=\"_ _2\"></span>8<span class=\"_ _2\"></span> <span class=\"_ _61\"> </span></span></span></span><span class=\"lsed wsf2\">1<span class=\"_ _1\"></span>3<span class=\"_ _2\"></span>.1<span class=\"_ _1\"></span> <span class=\"_ _15e\"> </span><span class=\"ls14 ws11\">20 <span class=\"_ _57\"> </span><span class=\"ls2 ws2\">2.6 </span></span></span>Base case<span class=\"_ _1b6\"> </span><span class=\"ff2 lse0 wse0\">41<span class=\"_ _1\"></span>.<span class=\"_ _1\"></span>7<span class=\"_ _1\"></span> <span class=\"_ _15c\"> </span><span class=\"ls7a wsa1\">40 <span class=\"_ _93\"> </span><span class=\"ls2 ws2\">16.7 <span class=\"_ _5c\"> </span></span></span></span><span class=\"ls1e ws43\">26.<span class=\"_ _1\"></span>5 <span class=\"_ _15e\"> </span></span><span class=\"ls2\">40 <span class=\"_ _9d\"> </span><span class=\"ls9f wsbc\">10.6<span class=\"_ _1\"></span> </span></span>Downside scenario<span class=\"_ _13a\"> </span><span class=\"ff2 lsc6 wsc5\">7<span class=\"_ _2\"></span>9.<span class=\"_ _2\"></span>3<span class=\"_ _1\"></span> <span class=\"_ _53\"> </span><span class=\"ls2 ws2\">20 <span class=\"_ _59\"> </span><span class=\"lsc5 wsc4\">1<span class=\"_ _2\"></span>5<span class=\"_ _1\"></span>.9<span class=\"_ _1\"></span> <span class=\"_ _59\"> </span></span></span></span><span class=\"ls88 wse3\">74.0<span class=\"_ _1\"></span> <span class=\"_ _e5\"> </span><span class=\"ls54 ws55\">28 <span class=\"_ _59\"> </span><span class=\"ls9f wsbc\">20.7 </span></span></span>Sev<span class=\"_ _6\"></span>ere downside scenario<span class=\"_ _165\"> </span><span class=\"ff2 ls7e ws16\">12<span class=\"_ _1\"></span>0.0 <span class=\"_ _5f\"> </span><span class=\"lse3 wse7\">10 <span class=\"_ _5c\"> </span></span>12<span class=\"_ _1\"></span>.0 <span class=\"_ _50\"> </span></span><span class=\"ls12 wsf\">120.<span class=\"_ _1\"></span>3 <span class=\"_ _ce\"> </span>12 <span class=\"_ _55\"> </span><span class=\"lsd7 wsd7\">14<span class=\"_ _1\"></span>.4<span class=\"_ _2\"></span> </span></span>T<span class=\"_ _8\"></span>otal weigh<span class=\"_ _6\"></span>ted pro<span class=\"_ _6\"></span>visions<span class=\"_ _29f\"> </span><span class=\"ff2 ls2\"> <span class=\"_ _11a\"> </span> <span class=\"_ _4f\"> </span><span class=\"ls81 wsdf\">5<span class=\"_ _1\"></span>4.4<span class=\"_ _1\"></span> <span class=\"_ _2a0\"> </span></span></span><span class=\"ls2c ws29\">48.3 </span>Non-modelled provisions:<span class=\"_ _d6\"> </span><span class=\"ls2\"> <span class=\"_ _11a\"> </span> <span class=\"_ _11a\"> </span> </span>Individually assessed pro<span class=\"_ _6\"></span>visions<span class=\"_ _23a\"> </span><span class=\"ff2 ls2\"> <span class=\"_ _21a\"> </span> <span class=\"_ _4f\"> </span><span class=\"ls14 ws11\">45.8 <span class=\"_ _2a0\"> </span></span></span><span class=\"lsd7 wsd7\">4<span class=\"_ _2\"></span>0<span class=\"_ _1\"></span>.4<span class=\"_ _1\"></span> </span>Post model adjus<span class=\"_ _6\"></span>tments<span class=\"_ _2a1\"> </span><span class=\"ff2 ls2\"> <span class=\"_ _11a\"> </span> <span class=\"_ _9c\"> </span><span class=\"lsc6 wsc5\">2<span class=\"_ _1\"></span>9.<span class=\"_ _2\"></span>8<span class=\"_ _2\"></span> <span class=\"_ _1c0\"> </span></span><span class=\"ff1\">1<span class=\"_ _6\"></span>2.8 </span></span>T<span class=\"_ _8\"></span>otal provision<span class=\"_ _29\"> </span><span class=\"ls2\"> <span class=\"_ _21a\"> </span> <span class=\"_ _3b\"> </span><span class=\"ls7e ws16\">130.0 <span class=\"_ _b\"> </span></span><span class=\"ff1\"> <span class=\"_ _21a\"> </span> <span class=\"_ _55\"> </span><span class=\"ls6f ws75\">101.5 </span></span></span>The Group re<span class=\"_ _6\"></span>\ufb02ected on the ongoing appropriateness o<span class=\"_ _6\"></span>f probabilities attached to the suit<span class=\"_ _6\"></span>e of IFRS 9 scenarios as the macroeconomic outlook ev<span class=\"_ _6\"></span>olved thr<span class=\"_ _6\"></span>oughout the year<span class=\"_ _8\"></span>. Scenarios were adjust<span class=\"_ _6\"></span>ed to a symmetrical probability, wher<span class=\"_ _6\"></span>e the upside and downside scenarios carry equal weigh<span class=\"_ _6\"></span>tings, as a r<span class=\"_ _6\"></span>esult of separate pos<span class=\"_ _6\"></span>t-model adjustmen<span class=\"_ _6\"></span>ts being raised t<span class=\"_ _6\"></span>o ensure that the curren<span class=\"_ _6\"></span>t IFRS 9 frame<span class=\"_ _8\"></span>work adequately pro<span class=\"_ _6\"></span>visioned for the underlying portfolio risk.<span class=\"_ _383\"> </span>As at 31 December 2022, the Group identi\ufb01e<span class=\"_ _6\"></span>d increases in credit risk due t<span class=\"_ _6\"></span>o the cost of living and cost o<span class=\"_ _6\"></span>f borrowing s<span class=\"_ _6\"></span>tresses caused by high in\ufb02ation and increases in in<span class=\"_ _6\"></span>teres<span class=\"_ _6\"></span>t rates<span class=\"_ _6\"></span>. As a result, the Gr<span class=\"_ _6\"></span>oup held an additional \u00a316.<span class=\"_ _6\"></span>0m of ECL in PMA for risk<span class=\"_ _8\"></span><span class=\"_ _383\">s not sufficiently accounted for </span>in the IFRS 9 frame<span class=\"_ _8\"></span>work (\u00a37<span class=\"_ _1f6\"></span>.3m for cost o<span class=\"_ _6\"></span>f living and \u00a38.7<span class=\"_ _8\"></span>m for cost of borr<span class=\"_ _6\"></span>owing) as at 3<span class=\"_ _6\"></span>1 December 2022. The approach to identify the PMA for the cost of living is an incr<span class=\"_ _6\"></span>ease in PD through analysing the e<span class=\"_ _6\"></span><span class=\"_ _383\">ffect of the increases in living cos</span><span class=\"_ _6\"></span>ts, such as house hold bills and gr<span class=\"_ _6\"></span>oceries, on <span class=\"_ _383\">affordability, which is use</span><span class=\"_ _6\"></span>d to increase the def<span class=\"_ _6\"></span>ault risk to all customer<span class=\"_ _6\"></span>s, with those on lo<span class=\"_ _6\"></span>wer income mor<span class=\"_ _6\"></span>e impacted. The cost of borr<span class=\"_ _6\"></span>owing PMA speci\ufb01cally identi\ufb01ed those that are mor<span class=\"_ _6\"></span>e at risk of def<span class=\"_ _6\"></span>ault due to re<span class=\"_ _6\"></span>verting onto variable r<span class=\"_ _6\"></span>ate in the near future<span class=\"_ _6\"></span>, causing a payment incr<span class=\"_ _6\"></span>ease and <span class=\"_ _383\">higher affordability risk</span><span class=\"_ _6\"></span>, which is used both to apply an additional signi\ufb01can<span class=\"_ _6\"></span>t increase in credit risk SICR and s<span class=\"_ _6\"></span>tage 2 criteria and in some cases a higher default risk<span class=\"_ _6\"></span>.<span class=\"_ _383\"> </span>The Group continued to observe an elongat<span class=\"_ _6\"></span>ed time to sale, which w<span class=\"_ _6\"></span>as in ex<span class=\"_ _6\"></span>cess of modelled expectations and observations prior to the pandemic which accounted for an additional \u00a38.<span class=\"_ _6\"></span>7<span class=\"_ _8\"></span>m as a PMA as at 31 December 2022. Whilst the Group expect<span class=\"_ _6\"></span>s the process delays to reduce in time<span class=\"_ _6\"></span>, a PMA was held to r<span class=\"_ _6\"></span>e\ufb02ect an extende<span class=\"_ _6\"></span>d time to sale in line with most recen<span class=\"_ _6\"></span>t observations for those in default. As part of the Group's appreciation of climate risk and o<span class=\"_ _8\"></span>verall ESG agenda, the Gr<span class=\"_ _6\"></span>oup recognises that properties with low<span class=\"_ _6\"></span>er energy e<span class=\"_ _6\"></span><span class=\"_ _383\">fficiency </span>are lik<span class=\"_ _8\"></span>ely to require in<span class=\"_ _6\"></span>ves<span class=\"_ _6\"></span>tment to reach minimum ener<span class=\"_ _8\"></span><span class=\"_ _383\">gy efficiency standards in the futur</span><span class=\"_ _6\"></span>e. As a r<span class=\"_ _6\"></span>esult, to re\ufb02ect the e<span class=\"_ _6\"></span>xpected transition risk and physical risk<span class=\"_ _6\"></span>s of climate change<span class=\"_ _6\"></span>, the Group held \u00a34<span class=\"_ _8\"></span>.<span class=\"_ _8\"></span>4m of PMA as at 31 December 2022. T<span class=\"_ _8\"></span>o re\ufb02ect the ongoing cladding concerns, the Gr<span class=\"_ _6\"></span>oup identi\ufb01ed a valuation risk t<span class=\"_ _6\"></span>o a small number of properties and accounted for a further sale discount for these properties by a PMA of \u00a30<span class=\"_ _8\"></span>.7<span class=\"_ _8\"></span>m as at 31 Dec<span class=\"_ _1\"></span>ember 2022.<span class=\"_ _383\"> </span>The Group<span class=\"_ _8\"></span>\u2019<span class=\"_ _6\"></span>s ECL by segmen<span class=\"_ _6\"></span>t and IFRS 9 stage is sho<span class=\"_ _8\"></span>wn below: 2022<span class=\"_ _383\"> </span>2021<span class=\"_ _383\"> </span>OSB<span class=\"_ _383\"> </span>\u00a3m<span class=\"_ _383\"> </span>CCFS<span class=\"_ _383\"> </span>\u00a3m<span class=\"_ _383\"> </span>To<span class=\"_ _1\"></span>t<span class=\"_ _2\"></span>a<span class=\"_ _1\"></span>l<span class=\"_ _383\"> </span>\u00a3m<span class=\"_ _383\"> </span>OSB<span class=\"_ _383\"> </span>\u00a3m<span class=\"_ _383\"> </span>CCFS<span class=\"_ _383\"> </span>\u00a3m<span class=\"_ _383\"> </span>To<span class=\"_ _1\"></span>t<span class=\"_ _2\"></span>a<span class=\"_ _1\"></span>l<span class=\"_ _383\"> </span>\u00a3m<span class=\"_ _383\"> </span>Stage 1<span class=\"_ _1a2\"> </span><span class=\"ff2 lsc5 wsc4\">5<span class=\"_ _1\"></span>.9<span class=\"_ _2\"></span> <span class=\"_ _63\"> </span><span class=\"ls14 ws11\">1.3 <span class=\"_ _b2\"> </span><span class=\"lsc4 wsc3\">7.<span class=\"_ _0\"> </span>2<span class=\"_ _0\"> </span> <span class=\"_ _1c2\"> </span></span></span></span><span class=\"lsf8 wsfd\">9.<span class=\"_ _1\"></span>3<span class=\"_ _0\"></span> <span class=\"_ _1b4\"> </span></span><span class=\"ls2\">2.8 <span class=\"_ _61\"> </span>12.<span class=\"_ _6\"></span>1 </span>Stage 2<span class=\"_ _d5\"> </span><span class=\"ff2 ls7d wse2\">35.3 <span class=\"_ _59\"> </span><span class=\"lscd wsce\">15.6 <span class=\"_ _3d\"> </span><span class=\"lsc5 wsc4\">5<span class=\"_ _2\"></span>0<span class=\"_ _1\"></span>.9<span class=\"_ _1\"></span> <span class=\"_ _96\"> </span></span></span></span><span class=\"ls88 wse3\">14.<span class=\"_ _1\"></span>2<span class=\"_ _1\"></span> <span class=\"_ _9d\"> </span><span class=\"ls9f wsbc\">10.8 <span class=\"_ _5c\"> </span></span></span><span class=\"ws6e\">25.0 </span>Stage 3<span class=\"_ _2a2\"> </span><span class=\"ff2 ls2\">60.5 <span class=\"_ _57\"> </span><span class=\"lsc4 wsc3\">7.<span class=\"_ _0\"></span>8<span class=\"_ _0\"></span> <span class=\"_ _3d\"> </span><span class=\"ls7a wsa1\">68.<span class=\"_ _1\"></span>3 <span class=\"_ _5c\"> </span><span class=\"ff1\">56.6 <span class=\"_ _1b4\"> </span></span></span></span><span class=\"ff1\">3.8 <span class=\"_ _5c\"> </span><span class=\"lsd7 wsd7\">6<span class=\"_ _2\"></span>0<span class=\"_ _1\"></span>.4<span class=\"_ _1\"></span> </span></span></span>Stage 3 (POCI)<span class=\"_ _2a3\"> </span><span class=\"ff2 ls14 ws11\">1.5 <span class=\"_ _1c2\"> </span><span class=\"lsc3 wsc2\">2<span class=\"_ _1\"></span>.1<span class=\"_ _2\"></span> <span class=\"_ _d0\"> </span><span class=\"ls2 ws2\">3.6 <span class=\"_ _15e\"> </span><span class=\"ff1\">2.1 <span class=\"_ _53\"> </span><span class=\"ls86 wsf1\">1<span class=\"_ _2\"></span>.9<span class=\"_ _1\"></span> <span class=\"_ _1b4\"> </span><span class=\"ls88 wse3\">4.<span class=\"_ _1\"></span>0 </span></span></span></span></span></span> <span class=\"_ _2a4\"> </span><span class=\"ff2 lse3 wse7\">103.<span class=\"_ _1\"></span>2 <span class=\"_ _3d\"> </span></span><span class=\"ff2\">26.8 <span class=\"_ _83\"> </span><span class=\"ls7e ws16\">1<span class=\"_ _1\"></span>30.0 <span class=\"_ _5c\"> </span></span></span>82.2 <span class=\"_ _55\"> </span><span class=\"lsf8 wsfd\">1<span class=\"_ _2\"></span>9.<span class=\"_ _2\"></span>3<span class=\"_ _2\"></span> <span class=\"_ _3e\"> </span><span class=\"ls6f ws75\">101.5<span class=\"_ _383\"> </span></span></span>The tables below sho<span class=\"_ _8\"></span>w the movement in the ECL<span class=\"_ _6\"></span> by IFRS 9 stage during the year<span class=\"_ _1f6\"></span>. ECLs on originations and acquisitions re\ufb02ect the IFRS 9 s<span class=\"_ _6\"></span>tage of loans originated or acquir<span class=\"_ _6\"></span>ed during the year as at 31 December and not the date of origination. Re-measur<span class=\"_ _6\"></span>ement of loss allo<span class=\"_ _6\"></span>wance r<span class=\"_ _6\"></span>elates to existing lo<span class=\"_ _6\"></span>ans which did not redeem during the year and includes the impact of loans mo<span class=\"_ _8\"></span>ving between IFRS 9 stages<span class=\"_ _6\"></span>. Stage 1<span class=\"_ _383\"> </span>\u00a3m<span class=\"_ _383\"> </span>Stage 2<span class=\"_ _383\"> </span>\u00a3m<span class=\"_ _383\"> </span>Stage 3<span class=\"_ _383\"> </span>\u00a3m<span class=\"_ _383\"> </span>Stage 3 (POCI)<span class=\"_ _383\"> </span>\u00a3m<span class=\"_ _383\"> </span>To<span class=\"_ _1\"></span>t<span class=\"_ _2\"></span>a<span class=\"_ _1\"></span>l<span class=\"_ _383\"> </span>\u00a3m<span class=\"_ _383\"> </span>At 1 January 2<span class=\"_ _6\"></span>021<span class=\"_ _2a5\"> </span><span class=\"ls9f wsbc\">21.<span class=\"_ _1\"></span>2<span class=\"_ _61\"> </span></span><span class=\"ws6e\">31.0<span class=\"_ _1b4\"> </span><span class=\"lsc7 ws7f\">51.<span class=\"_ _1\"></span>7<span class=\"_ _1da\"> </span><span class=\"lsc8 wsc8\">7.1<span class=\"_ _9c\"> </span></span>111.<span class=\"_ _1\"></span>0<span class=\"_ _383\"> </span></span></span>Originations<span class=\"_ _1a1\"> </span><span class=\"lse3 wse7\">5.7<span class=\"_ _1cc\"> </span><span class=\"ls2 ws2\">\u2013 <span class=\"_ _3f\"> </span>\u2013 <span class=\"_ _20e\"> </span>\u2013 <span class=\"_ _b2\"> </span></span>5.7<span class=\"_ _383\"> </span></span>Acquisitions<span class=\"_ _212\"> </span><span class=\"lsed wsf2\">0<span class=\"_ _1\"></span>.1<span class=\"_ _2\"></span> <span class=\"_ _3f\"> </span><span class=\"ls2 ws2\">\u2013 <span class=\"_ _20e\"> </span>\u2013 <span class=\"_ _53\"> </span></span>0<span class=\"_ _1\"></span>.1<span class=\"_ _1\"></span> <span class=\"_ _1b4\"> </span><span class=\"ls9f wsbc\">0.2<span class=\"_ _383\"> </span></span></span>Repayments and writ<span class=\"_ _6\"></span><span class=\"_ _383\">e-offs</span><span class=\"_ _d3\"> </span><span class=\"lsc7 ws7f\">(2<span class=\"_ _1\"></span>.<span class=\"_ _1\"></span>8)<span class=\"_ _55\"> </span><span class=\"lscc wscd\">(3.3)<span class=\"_ _61\"> </span><span class=\"lsc8 wsc8\">(<span class=\"_ _0\"></span>7.<span class=\"_ _2\"></span>4<span class=\"_ _2\"></span>)<span class=\"_ _15c\"> </span><span class=\"lsed wsf2\">(<span class=\"_ _1\"></span>1<span class=\"_ _1\"></span>.1<span class=\"_ _1\"></span>)<span class=\"_ _3b\"> </span></span></span></span>(1<span class=\"_ _1\"></span>4.<span class=\"_ _1\"></span>6)<span class=\"_ _383\"> </span></span>Re-measuremen<span class=\"_ _6\"></span>t of loss allo<span class=\"_ _6\"></span>wance<span class=\"_ _bd\"> </span><span class=\"lsc7 ws7f\">(21.<span class=\"_ _1\"></span>8)<span class=\"_ _96\"> </span><span class=\"lscc wscd\">(0.8)<span class=\"_ _9d\"> </span></span></span><span class=\"ls2\">12.8 <span class=\"_ _d0\"> </span><span class=\"lsed wsf2\">(<span class=\"_ _1\"></span>2<span class=\"_ _1\"></span>.1<span class=\"_ _2\"></span>)<span class=\"_ _9d\"> </span><span class=\"ls86 wsf1\">(<span class=\"_ _1\"></span>11<span class=\"_ _2\"></span>.9)<span class=\"_ _383\"> </span></span></span></span>T<span class=\"_ _8\"></span>ransfer<span class=\"_ _6\"></span>s: \u2013 T<span class=\"_ _8\"></span>o Stage 1<span class=\"_ _2a6\"> </span><span class=\"lsc7 ws7f\">11.<span class=\"_ _1\"></span>3<span class=\"_ _1\"></span> <span class=\"_ _18d\"> </span><span class=\"ls6f ws75\">(10.5)<span class=\"_ _96\"> </span><span class=\"lscc wscd\">(0.8)<span class=\"_ _20e\"> </span></span></span></span><span class=\"ls2\">\u2013 <span class=\"_ _3f\"> </span>\u2013 </span> \u2013 T<span class=\"_ _8\"></span>o Stage 2<span class=\"_ _2a7\"> </span><span class=\"lsc7 ws7f\">(2.<span class=\"_ _1\"></span>3<span class=\"_ _1\"></span>)<span class=\"_ _15c\"> </span><span class=\"lsed wsf2\">5<span class=\"_ _1\"></span>.1<span class=\"_ _57\"> </span></span>(2<span class=\"_ _1\"></span>.<span class=\"_ _1\"></span>8)<span class=\"_ _20e\"> </span></span><span class=\"ls2\">\u2013 <span class=\"_ _3f\"> </span>\u2013 </span> \u2013 T<span class=\"_ _8\"></span>o Stage 3<span class=\"_ _211\"> </span><span class=\"lscc wscd\">(0<span class=\"_ _1\"></span>.3<span class=\"_ _1\"></span>)<span class=\"_ _61\"> </span><span class=\"lsed wsf2\">(<span class=\"_ _1\"></span>3<span class=\"_ _2\"></span>.1<span class=\"_ _1\"></span>)<span class=\"_ _57\"> </span><span class=\"lsd7 wsd7\">3<span class=\"_ _2\"></span>.4<span class=\"_ _d9\"> </span></span></span></span><span class=\"ls2\">\u2013 <span class=\"_ _3f\"> </span>\u2013 </span>Changes in assumptions and model paramet<span class=\"_ _6\"></span>ers<span class=\"_ _1fd\"> </span><span class=\"ws6e\">1.0<span class=\"_ _15e\"> </span><span class=\"ls7a wsa1\">6.6<span class=\"_ _e5\"> </span><span class=\"ls6f ws75\">3.5<span class=\"_ _1cc\"> </span></span></span></span><span class=\"ls2\">\u2013 <span class=\"_ _63\"> </span><span class=\"lsed wsf2\">1<span class=\"_ _1\"></span>1<span class=\"_ _1\"></span>.1<span class=\"_ _383\"> </span></span></span>At 31 December 2021<span class=\"_ _2a8\"> </span><span class=\"lsed wsf2\">12<span class=\"_ _2\"></span>.1<span class=\"_ _55\"> </span></span><span class=\"ws6e\">25.0<span class=\"_ _55\"> </span><span class=\"lsd7 wsd7\">6<span class=\"_ _1\"></span>0<span class=\"_ _1\"></span>.4<span class=\"_ _e5\"> </span><span class=\"ls88 wse3\">4.0<span class=\"_ _59\"> </span><span class=\"ls6f ws75\">101.5<span class=\"_ _383\"> </span></span></span></span></span>Originations<span class=\"_ _2a9\"> </span><span class=\"ff2 ls2 ws2\">6.<span class=\"_ _6\"></span>9 <span class=\"_ _20e\"> </span>\u2013 <span class=\"_ _3f\"> </span>\u2013 <span class=\"_ _20e\"> </span>\u2013 <span class=\"_ _1b4\"> </span>6.9 </span>Repayments and writ<span class=\"_ _6\"></span><span class=\"_ _383\">e-offs</span><span class=\"_ _2aa\"> </span><span class=\"ff2 ls1e ws43\">(1.<span class=\"_ _1\"></span>3)<span class=\"_ _2ab\"> </span><span class=\"lscb wscb\">(3.<span class=\"_ _1\"></span>0)<span class=\"_ _93\"> </span><span class=\"lsc5 wsc4\">(<span class=\"_ _1\"></span>6<span class=\"_ _1\"></span>.9<span class=\"_ _1\"></span>)<span class=\"_ _59\"> </span><span class=\"ls88 wse3\">(0.<span class=\"_ _1\"></span>3)<span class=\"_ _18d\"> </span></span></span>(11.<span class=\"_ _1\"></span>5<span class=\"_ _1\"></span>)<span class=\"_ _383\"> </span></span></span>Re-measuremen<span class=\"_ _6\"></span>t of loss allo<span class=\"_ _6\"></span>wance<span class=\"_ _bd\"> </span><span class=\"ff2 lsc3 wsc2\">(1<span class=\"_ _2\"></span>5<span class=\"_ _1\"></span>.1<span class=\"_ _1\"></span>)<span class=\"_ _3d\"> </span><span class=\"ls2 ws2\">26.4 <span class=\"_ _9d\"> </span><span class=\"lsc4 wsc3\">1<span class=\"_ _2\"></span>7.<span class=\"_ _0\"></span>5<span class=\"_ _0\"></span> <span class=\"_ _93\"> </span><span class=\"ls88 wse3\">(0.7<span class=\"_ _2\"></span>)<span class=\"_ _5c\"> </span></span></span>28.<span class=\"_ _8\"></span>1 </span></span>T<span class=\"_ _8\"></span>ransfer<span class=\"_ _6\"></span>s:<span class=\"_ _295\"> </span><span class=\"ff2 ls2 ws2\"> <span class=\"_ _11a\"> </span> <span class=\"_ _11a\"> </span> <span class=\"_ _21a\"> </span> <span class=\"_ _11a\"> </span> </span> \u2013 T<span class=\"_ _8\"></span>o Stage 1<span class=\"_ _292\"> </span><span class=\"ff2 ls7e ws16\">10.0<span class=\"_ _1\"></span> <span class=\"_ _96\"> </span><span class=\"lsc6 wsc5\">(<span class=\"_ _1\"></span>9.<span class=\"_ _2\"></span>2<span class=\"_ _1\"></span>)<span class=\"_ _59\"> </span><span class=\"ls88 wse3\">(0<span class=\"_ _1\"></span>.8)<span class=\"_ _1da\"> </span><span class=\"ls2 ws2\">\u2013 <span class=\"_ _3f\"> </span>\u2013 </span></span></span></span> \u2013 T<span class=\"_ _8\"></span>o Stage 2<span class=\"_ _2ac\"> </span><span class=\"ff2 ls1c wsb5\">(2<span class=\"_ _1\"></span>.0)<span class=\"_ _61\"> </span><span class=\"lsc5 wsc4\">3<span class=\"_ _2\"></span>.9<span class=\"_ _1\"></span> <span class=\"_ _9c\"> </span>(<span class=\"_ _1\"></span>1<span class=\"_ _1\"></span>.9<span class=\"_ _1\"></span>)<span class=\"_ _20e\"> </span><span class=\"ls2 ws2\">\u2013 <span class=\"_ _20e\"> </span>\u2013 </span></span></span> \u2013 T<span class=\"_ _8\"></span>o Stage 3<span class=\"_ _2ad\"> </span><span class=\"ff2 lsc3 wsc2\">(0<span class=\"_ _2\"></span>.1<span class=\"_ _1\"></span>)<span class=\"_ _55\"> </span>(<span class=\"_ _1\"></span>2<span class=\"_ _2\"></span>.1<span class=\"_ _1\"></span>)<span class=\"_ _4f\"> </span><span class=\"ls2 ws2\">2<span class=\"_ _1\"></span>.2 <span class=\"_ _3f\"> </span>\u2013 <span class=\"_ _20e\"> </span>\u2013 </span></span>Changes in assumptions and model paramet<span class=\"_ _6\"></span>ers<span class=\"_ _b6\"> </span><span class=\"ff2 ls7f wse1\">(3<span class=\"_ _1\"></span>.<span class=\"_ _1\"></span>3)<span class=\"_ _37\"> </span><span class=\"lsc6 wsc5\">9.<span class=\"_ _1\"></span>9<span class=\"_ _1\"></span> <span class=\"_ _93\"> </span><span class=\"ls1c wsb5\">(2<span class=\"_ _1\"></span>.<span class=\"_ _1\"></span>2<span class=\"_ _1\"></span>)<span class=\"_ _4f\"> </span><span class=\"ls11 ws6e\">0.<span class=\"_ _1\"></span>6 <span class=\"_ _61\"> </span><span class=\"ls7e ws16\">5<span class=\"_ _1\"></span>.0 </span></span></span></span></span>At 31 December 2022<span class=\"_ _ad\"> </span><span class=\"lsc4 wsc3\">7.<span class=\"_ _0\"></span>2<span class=\"_ _0\"></span> <span class=\"_ _3b\"> </span><span class=\"lsc5 wsc4\">5<span class=\"_ _1\"></span>0<span class=\"_ _1\"></span>.9<span class=\"_ _1\"></span> <span class=\"_ _3b\"> </span><span class=\"ls7a wsa1\">68.3 <span class=\"_ _d0\"> </span></span></span></span><span class=\"ls2\">3.6 <span class=\"_ _83\"> </span><span class=\"ls7e ws16\">13<span class=\"_ _1\"></span>0.0 </span></span><span class=\"_ _383\">\u2003</span>The table below sho<span class=\"_ _8\"></span>ws the stage 2 ECL balances by transf<span class=\"_ _6\"></span>er criteria:<span class=\"_ _383\"> </span>2022<span class=\"_ _290\"> </span><span class=\"ff1\">2021<span class=\"_ _383\"> </span></span>Carrying value<span class=\"_ _383\"> </span>\u00a3m<span class=\"_ _383\"> </span>ECL<span class=\"_ _383\"> </span>\u00a3m<span class=\"_ _383\"> </span>Cover<span class=\"_ _6\"></span>age %<span class=\"_ _383\"> </span>Carrying value<span class=\"_ _383\"> </span>\u00a3m<span class=\"_ _383\"> </span>ECL<span class=\"_ _383\"> </span>\u00a3m<span class=\"_ _383\"> </span>Cover<span class=\"_ _6\"></span>age %<span class=\"_ _383\"> </span>Criteria:<span class=\"_ _2ae\"> </span><span class=\"ls2 ws2\"> <span class=\"_ _11a\"> </span> <span class=\"_ _11a\"> </span> <span class=\"_ _21a\"> </span><span class=\"ff1\"> </span></span>Relative PD mo<span class=\"_ _8\"></span>vement<span class=\"_ _2af\"> </span><span class=\"ff2 ls7e ws16\">3,09<span class=\"_ _1\"></span>0.<span class=\"_ _1\"></span>2<span class=\"_ _9d\"> </span><span class=\"lsc5 wsc4\">4<span class=\"_ _1\"></span>2<span class=\"_ _1\"></span>.9<span class=\"_ _4f\"> </span><span class=\"ls14 ws11\">1.<span class=\"_ _1\"></span>39<span class=\"_ _7d\"> </span></span></span></span><span class=\"ls9f wsbc\">1,<span class=\"_ _1\"></span>251.6<span class=\"_ _e5\"> </span><span class=\"lsc8 wsc8\">1<span class=\"_ _2\"></span>7.<span class=\"_ _2\"></span>1<span class=\"_ _b2\"> </span><span class=\"ls12 wsf\">1<span class=\"_ _1\"></span>.37<span class=\"_ _383\"> </span></span></span></span>Qualitative measur<span class=\"_ _6\"></span>es<span class=\"_ _2b0\"> </span><span class=\"ff2 lse3 wse7\">1,27<span class=\"_ _1\"></span>7<span class=\"_ _1f6\"></span>.<span class=\"_ _1\"></span>6<span class=\"_ _e5\"> </span><span class=\"lsc4 wsc3\">7.<span class=\"_ _0\"></span>5<span class=\"_ _96\"> </span><span class=\"ls11 ws6e\">0.59<span class=\"_ _7d\"> </span><span class=\"ff1 ls89 wscc\">1,1<span class=\"_ _1\"></span>2<span class=\"_ _1\"></span>5<span class=\"_ _1\"></span>.<span class=\"_ _1\"></span>0<span class=\"_ _ce\"> </span><span class=\"lsc8 wsc8\">7.<span class=\"_ _2\"></span>4<span class=\"_ _254\"> </span><span class=\"ls9f wsbc\">0.66<span class=\"_ _383\"> </span></span></span></span></span></span></span>30 days past due back<span class=\"_ _8\"></span>stop<span class=\"_ _2a0\"> </span><span class=\"ff2 lsc6 wsc5\">4<span class=\"_ _1\"></span>9.<span class=\"_ _2\"></span>3<span class=\"_ _15c\"> </span><span class=\"ls11 ws6e\">0.5<span class=\"_ _d0\"> </span><span class=\"ls7e ws16\">1.01<span class=\"_ _61\"> </span></span></span></span><span class=\"lsc8 wsc8\">3<span class=\"_ _2\"></span>7.<span class=\"_ _0\"></span>0<span class=\"_ _8b\"> </span><span class=\"ls9f wsbc\">0.5<span class=\"_ _d0\"> </span>1.3<span class=\"_ _1\"></span>5<span class=\"_ _383\"> </span></span></span>To<span class=\"_ _1\"></span>t<span class=\"_ _2\"></span>a<span class=\"_ _2\"></span>l<span class=\"_ _16a\"> </span><span class=\"lsc4 wsc3\">4<span class=\"_ _2\"></span>,<span class=\"_ _2\"></span>4<span class=\"_ _2\"></span>1<span class=\"_ _2\"></span>7.<span class=\"_ _1\"></span>1<span class=\"_ _55\"> </span><span class=\"lsc5 wsc4\">50<span class=\"_ _1\"></span>.9<span class=\"_ _57\"> </span><span class=\"lsc3 wsc2\">1<span class=\"_ _1\"></span>.1<span class=\"_ _1\"></span>5<span class=\"_ _73\"> </span><span class=\"ff1 lsd7 wsd7\">2<span class=\"_ _2\"></span>,41<span class=\"_ _1\"></span>3<span class=\"_ _2\"></span>.<span class=\"_ _1\"></span>6<span class=\"_ _55\"> </span><span class=\"ls11 ws6e\">25.0<span class=\"_ _9c\"> </span>1.0<span class=\"_ _1\"></span>4<span class=\"_ _383\"> </span></span></span></span></span></span>The Group has a number of qualitativ<span class=\"_ _8\"></span>e measures to determine whether a SICR has tak<span class=\"_ _8\"></span>en place. These triggers utilise both int<span class=\"_ _6\"></span>ernal performance information, to analyse whether an account is in dis<span class=\"_ _6\"></span>tress but not yet in arr<span class=\"_ _6\"></span>ears<span class=\"_ _6\"></span>, and external cr<span class=\"_ _6\"></span>edit bureau inf<span class=\"_ _6\"></span>ormation, to determine whether the customer is e<span class=\"_ _6\"></span><span class=\"_ _383\">xperiencing \ufb01nancial difficulty with an external cr</span><span class=\"_ _6\"></span>edit obligation.<span class=\"_ _383\"> </span>",
   "dimensions": {
    "concept": "ifrs-full:DisclosureOfAllowanceForCreditLossesExplanatory",
    "language": "en",
    "entity": "scheme:213800ZBKL9BHSL2K459",
    "period": "2022-01-01T00:00:00/2023-01-01T00:00:00"
   }
  },
  "fact-522": {
   "value": "<span class=\"_ _383\">25.\u2002De</span><span class=\"_ _1\"></span>rivative<span class=\"_ _1\"></span>s<span class=\"_ _383\"> </span>The table below r<span class=\"_ _6\"></span>econciles the gross amount of deriv<span class=\"_ _6\"></span>ative contr<span class=\"_ _6\"></span>acts to the carrying balance sho<span class=\"_ _6\"></span>wn in the Consolidated Statemen<span class=\"_ _6\"></span>t of Financial Position:<span class=\"_ _383\"> </span>Gross amount of recognise<span class=\"_ _1\"></span>d \ufb01nancial assets / (liabilities)<span class=\"_ _383\"> </span>\u00a3m<span class=\"_ _383\"> </span>Net amount of \ufb01nancial assets / (liabilities) presented in the Consolidated Statement of Financial Position<span class=\"_ _383\"> </span>\u00a3m<span class=\"_ _383\"> </span>Contracts subject to master netting agreements <span class=\"_ _383\">not offset </span>in the Consolidated Statement of Financial Position<span class=\"_ _383\"> </span>\u00a3m<span class=\"_ _383\"> </span>Cash collateral paid / (received) not <span class=\"_ _383\">offset in the </span>Consolidated Statement of Financial Position<span class=\"_ _383\"> </span>\u00a3m<span class=\"_ _383\"> </span>Net amount<span class=\"_ _383\"> </span>\u00a3m<span class=\"_ _383\"> </span>At 31 December 2022<span class=\"_ _2b1\"> </span><span class=\"ls2\"> <span class=\"_ _11a\"> </span> <span class=\"_ _11a\"> </span> <span class=\"_ _21a\"> </span> <span class=\"_ _11a\"> </span> </span>Derivative asset<span class=\"_ _6\"></span>s:<span class=\"_ _2b2\"> </span><span class=\"ff2 ls2\"> <span class=\"_ _11a\"> </span> <span class=\"_ _11a\"> </span> <span class=\"_ _21a\"> </span> <span class=\"_ _11a\"> </span> </span>Inter<span class=\"_ _6\"></span>est rat<span class=\"_ _6\"></span>e risk hedging<span class=\"_ _2b3\"> </span><span class=\"ff2 ls1f ws1c\">888.<span class=\"_ _8\"></span>1<span class=\"_ _5a\"> </span>888.<span class=\"_ _8\"></span>1<span class=\"_ _83\"> </span><span class=\"lsc5 wsc4\">(<span class=\"_ _1\"></span>1<span class=\"_ _2\"></span>0<span class=\"_ _1\"></span>4<span class=\"_ _1\"></span>.9<span class=\"_ _1\"></span>)<span class=\"_ _6b\"> </span><span class=\"lscd wsce\">(5<span class=\"_ _1\"></span>45.7<span class=\"_ _1\"></span>)<span class=\"_ _122\"> </span><span class=\"lsc4 wsc3\">2<span class=\"_ _0\"> </span>3<span class=\"_ _0\"></span>7.<span class=\"_ _0\"></span>5<span class=\"_ _383\"> </span></span></span></span></span>Derivative liabilities:<span class=\"_ _10d\"> </span><span class=\"ff2 ls2\"> <span class=\"_ _21a\"> </span> <span class=\"_ _11a\"> </span> <span class=\"_ _11a\"> </span> <span class=\"_ _11a\"> </span> </span>Inter<span class=\"_ _6\"></span>est rat<span class=\"_ _6\"></span>e risk hedging<span class=\"_ _2b4\"> </span><span class=\"ff2 ls2\">(106.6<span class=\"_ _6\"></span>)<span class=\"_ _69\"> </span>(106.6)<span class=\"_ _122\"> </span><span class=\"lsc5 wsc4\">1<span class=\"_ _1\"></span>0<span class=\"_ _2\"></span>4<span class=\"_ _1\"></span>.9<span class=\"_ _86\"> </span></span>206.<span class=\"_ _6\"></span>9<span class=\"_ _70\"> </span><span class=\"ls7d wse2\">205.<span class=\"_ _1\"></span>2<span class=\"_ _383\"> </span></span></span>At 31 December 2021<span class=\"_ _1a0\"> </span><span class=\"ls2\"> <span class=\"_ _21a\"> </span> <span class=\"_ _11a\"> </span> <span class=\"_ _11a\"> </span> <span class=\"_ _21a\"> </span> </span>Derivative asset<span class=\"_ _6\"></span>s:<span class=\"_ _2b2\"> </span><span class=\"ls2\"> <span class=\"_ _21a\"> </span> <span class=\"_ _11a\"> </span> <span class=\"_ _21a\"> </span> <span class=\"_ _11a\"> </span> </span>Inter<span class=\"_ _6\"></span>est rat<span class=\"_ _6\"></span>e risk hedging<span class=\"_ _dc\"> </span><span class=\"ls14 ws11\">185.7<span class=\"_ _3b\"> </span>185.7<span class=\"_ _55\"> </span><span class=\"ls86 wsf1\">(1<span class=\"_ _1\"></span>6<span class=\"_ _2\"></span>.9<span class=\"_ _1\"></span>)<span class=\"_ _98\"> </span><span class=\"lsc7 ws7f\">(115<span class=\"_ _1\"></span>.<span class=\"_ _1\"></span>3)<span class=\"_ _e8\"> </span><span class=\"ls6f ws75\">53.5<span class=\"_ _383\"> </span></span></span></span></span>Derivative liabilities:<span class=\"_ _2b5\"> </span><span class=\"ls2\"> <span class=\"_ _21a\"> </span> <span class=\"_ _11a\"> </span> <span class=\"_ _11a\"> </span> <span class=\"_ _21a\"> </span> </span>Inter<span class=\"_ _6\"></span>est rat<span class=\"_ _6\"></span>e risk hedging<span class=\"_ _294\"> </span><span class=\"lsf8 wsfd\">(<span class=\"_ _1\"></span>1<span class=\"_ _2\"></span>9.<span class=\"_ _2\"></span>7<span class=\"_ _0\"> </span>)<span class=\"_ _5c\"> </span>(<span class=\"_ _2\"></span>1<span class=\"_ _1\"></span>9.<span class=\"_ _2\"></span>7<span class=\"_ _3\"> </span>)<span class=\"_ _55\"> </span><span class=\"ls86 wsf1\">16<span class=\"_ _2\"></span>.9<span class=\"_ _55\"> </span><span class=\"ls6f ws75\">98<span class=\"_ _1\"></span>.3<span class=\"_ _55\"> </span><span class=\"lscd wsce\">95.5<span class=\"_ _383\"> </span></span></span></span></span>Derivative asset<span class=\"_ _6\"></span>s and liabilities include an initial margin of \u00a3198.<span class=\"_ _6\"></span>6m with sw<span class=\"_ _6\"></span>ap counterparties.<span class=\"_ _383\"> </span>Included within the Group<span class=\"_ _8\"></span>\u2019<span class=\"_ _6\"></span>s derivativ<span class=\"_ _6\"></span>e assets is \u00a3203<span class=\"_ _6\"></span>.<span class=\"_ _1f6\"></span>4m (2021: \u00a348.7<span class=\"_ _1f6\"></span>m) relating to derivative contr<span class=\"_ _8\"></span>acts not covere<span class=\"_ _6\"></span>d by master netting agr<span class=\"_ _6\"></span>eements on which no cash collateral has been paid.<span class=\"_ _383\"> </span>The table below pr<span class=\"_ _6\"></span>o\ufb01les the maturity of nominal amoun<span class=\"_ _6\"></span>ts for inter<span class=\"_ _6\"></span>est r<span class=\"_ _6\"></span>ate risk hedging derivativ<span class=\"_ _6\"></span>es based on contr<span class=\"_ _6\"></span>actual maturity: T<span class=\"_ _8\"></span>otal nominal<span class=\"_ _383\"> </span>\u00a3m<span class=\"_ _383\"> </span>Less than 3 months<span class=\"_ _383\"> </span>\u00a3m 3 \u2013 12 months<span class=\"_ _383\"> </span>\u00a3m 1 \u2013 5 years<span class=\"_ _383\"> </span>\u00a3m<span class=\"_ _383\"> </span>More than 5 years<span class=\"_ _383\"> </span>\u00a3m<span class=\"_ _383\"> </span>At 31 December 2022<span class=\"_ _2b1\"> </span><span class=\"ls2\"> <span class=\"_ _11a\"> </span> <span class=\"_ _11a\"> </span> <span class=\"_ _21a\"> </span> <span class=\"_ _11a\"> </span> </span>Derivative asset<span class=\"_ _6\"></span>s<span class=\"_ _ad\"> </span><span class=\"ff2 ls2\">15,662.6<span class=\"_ _8c\"> </span><span class=\"ls11 ws6e\">464.<span class=\"_ _1\"></span>8<span class=\"_ _a5\"> </span><span class=\"ls22 ws1f\">3<span class=\"_ _2\"></span>,40<span class=\"_ _2\"></span>0.<span class=\"_ _1\"></span>3<span class=\"_ _19f\"> </span><span class=\"lscb wscb\">11,5<span class=\"_ _1\"></span>90.<span class=\"_ _1\"></span>5<span class=\"_ _50\"> </span><span class=\"lsc4 wsc3\">2<span class=\"_ _2\"></span>0<span class=\"_ _2\"></span>7.<span class=\"_ _0\"></span>0<span class=\"_ _383\"> </span></span></span></span></span></span>Derivative liabilities<span class=\"_ _2a2\"> </span><span class=\"ff2 ls16c ws189\">9,<span class=\"_ _2\"></span>5<span class=\"_ _1\"></span>1<span class=\"_ _2\"></span>8<span class=\"_ _2\"></span>.<span class=\"_ _1\"></span>0<span class=\"_ _d\"> </span><span class=\"ls2c ws29\">1,503.0<span class=\"_ _66\"> </span><span class=\"ls7e ws16\">6,0<span class=\"_ _1\"></span>01<span class=\"_ _1\"></span>.0<span class=\"_ _d2\"> </span><span class=\"lsc6 wsc5\">1<span class=\"_ _1\"></span>,<span class=\"_ _2\"></span>7<span class=\"_ _1\"></span>8<span class=\"_ _2\"></span>9.<span class=\"_ _1\"></span>0<span class=\"_ _98\"> </span><span class=\"ls7d wse2\">225.0</span></span></span></span></span> <span class=\"_ _2b6\"> </span><span class=\"ff2 lsff ws91\">25,<span class=\"_ _8\"></span>180.6<span class=\"_ _69\"> </span><span class=\"lsc4 wsc3\">1<span class=\"_ _0\"></span>,<span class=\"_ _2\"></span>9<span class=\"_ _2\"></span>6<span class=\"_ _2\"></span>7.<span class=\"_ _0\"></span>8<span class=\"_ _40\"> </span><span class=\"ls16c ws189\">9,4<span class=\"_ _2\"></span>0<span class=\"_ _2\"></span>1<span class=\"_ _1\"></span>.<span class=\"_ _2\"></span>3<span class=\"_ _aa\"> </span><span class=\"lsf9 ws82\">13,379<span class=\"_ _1f6\"></span>.5<span class=\"_ _8c\"> </span><span class=\"ls7e ws16\">432<span class=\"_ _1\"></span>.0<span class=\"_ _383\"> </span></span></span></span></span></span>At 31 December 2021<span class=\"_ _1a0\"> </span><span class=\"ls2\"> <span class=\"_ _21a\"> </span> <span class=\"_ _11a\"> </span> <span class=\"_ _11a\"> </span> <span class=\"_ _21a\"> </span> </span>Derivative asset<span class=\"_ _6\"></span>s<span class=\"_ _1a2\"> </span><span class=\"lsc5 wsc4\">12<span class=\"_ _1\"></span>,9<span class=\"_ _1\"></span>6<span class=\"_ _2\"></span>8<span class=\"_ _1\"></span>.<span class=\"_ _2\"></span>3<span class=\"_ _5a\"> </span><span class=\"ls79 wse8\">245.<span class=\"_ _1\"></span>2<span class=\"_ _d2\"> </span><span class=\"ls2c ws29\">2,345.<span class=\"_ _8\"></span>4<span class=\"_ _1a\"> </span><span class=\"ls87 wsc6\">10,23<span class=\"_ _1\"></span>5.7<span class=\"_ _3b\"> </span><span class=\"ls7c wsd0\">142<span class=\"_ _1\"></span>.0<span class=\"_ _383\"> </span></span></span></span></span></span>Derivative liabilities<span class=\"_ _16a\"> </span><span class=\"ls2c ws29\">7<span class=\"_ _1f6\"></span>,378.<span class=\"_ _6\"></span>0<span class=\"_ _7f\"> </span><span class=\"ls9f wsbc\">1,<span class=\"_ _1\"></span>361.0<span class=\"_ _a1\"> </span><span class=\"lsc8 wsc8\">4<span class=\"_ _2\"></span>,<span class=\"_ _0\"></span>7<span class=\"_ _0\"></span>4<span class=\"_ _2\"></span>7.<span class=\"_ _2\"></span>0<span class=\"_ _122\"> </span></span>1,150.0<span class=\"_ _18d\"> </span><span class=\"ls12 wsf\">120.0</span></span></span> <span class=\"_ _1c7\"> </span><span class=\"ls2c ws29\">20<span class=\"_ _6\"></span>,346.3<span class=\"_ _40\"> </span><span class=\"ls9f wsbc\">1,<span class=\"_ _1\"></span>606<span class=\"_ _1\"></span>.2<span class=\"_ _8e\"> </span><span class=\"lsc8 wsc8\">7,<span class=\"_ _0\"></span>0<span class=\"_ _0\"></span>9<span class=\"_ _0\"></span>2<span class=\"_ _0\"></span>.<span class=\"_ _2\"></span>4<span class=\"_ _121\"> </span><span class=\"lsc7 ws7f\">11,<span class=\"_ _1\"></span>3<span class=\"_ _1\"></span>8<span class=\"_ _1\"></span>5<span class=\"_ _1\"></span>.7<span class=\"_ _91\"> </span><span class=\"ls1e ws43\">262.0<span class=\"_ _383\"> </span></span></span></span></span></span>The Group has 916 (2<span class=\"_ _6\"></span>021: 841) derivativ<span class=\"_ _6\"></span>e contract<span class=\"_ _6\"></span>s with an aver<span class=\"_ _6\"></span>age \ufb01xed r<span class=\"_ _6\"></span>ate of 1.34% (<span class=\"_ _6\"></span>2021: 0<span class=\"_ _6\"></span>.34%).<span class=\"_ _383\"> </span>",
   "dimensions": {
    "concept": "ifrs-full:DisclosureOfDerivativeFinancialInstrumentsExplanatory",
    "language": "en",
    "entity": "scheme:213800ZBKL9BHSL2K459",
    "period": "2022-01-01T00:00:00/2023-01-01T00:00:00"
   }
  },
  "fact-523": {
   "value": "<span class=\"_ _383\">26.\u2002Hed</span><span class=\"_ _1\"></span>ge ac<span class=\"_ _1\"></span>co<span class=\"_ _1\"></span>unting<span class=\"_ _383\"> </span>2022<span class=\"_ _383\"> </span>\u00a3m<span class=\"_ _383\"> </span>2021<span class=\"_ _383\"> </span>\u00a3m<span class=\"_ _383\"> </span>Hedged assets<span class=\"_ _2b7\"> </span><span class=\"ls2\"> </span>Current hedge r<span class=\"_ _6\"></span>elationships<span class=\"_ _29c\"> </span><span class=\"ff2 lsc4 wsc3\">(<span class=\"_ _1\"></span>8<span class=\"_ _0\"> </span>2<span class=\"_ _0\"></span>7.<span class=\"_ _2\"></span>9<span class=\"_ _2\"></span>)<span class=\"_ _83\"> </span></span><span class=\"ls86 wsf1\">(<span class=\"_ _1\"></span>1<span class=\"_ _2\"></span>9<span class=\"_ _1\"></span>0<span class=\"_ _1\"></span>.9<span class=\"_ _1\"></span>)<span class=\"_ _383\"> </span></span>Swap inception adjus<span class=\"_ _6\"></span>tment<span class=\"_ _20f\"> </span><span class=\"ff2 lsc3 wsc2\">44<span class=\"_ _1\"></span>.1<span class=\"_ _5c\"> </span></span><span class=\"lsc7 ws7f\">(2<span class=\"_ _1\"></span>6.<span class=\"_ _2\"></span>2)<span class=\"_ _383\"> </span></span>Cancelled hedge relationships<span class=\"_ _2b8\"> </span><span class=\"ff2 lsc9 wsc9\">(5<span class=\"_ _1\"></span>.2)<span class=\"_ _e8\"> </span></span><span class=\"ls9f wsbc\">78<span class=\"_ _1\"></span>.2<span class=\"_ _383\"> </span></span>Fair value adjustment<span class=\"_ _6\"></span>s on hedged assets<span class=\"_ _255\"> </span><span class=\"lsc6 wsc5\">(<span class=\"_ _2\"></span>7<span class=\"_ _1\"></span>8<span class=\"_ _2\"></span>9.<span class=\"_ _1\"></span>0<span class=\"_ _2\"></span>)<span class=\"_ _74\"> </span><span class=\"ff1 ls86 wsf1\">(<span class=\"_ _1\"></span>1<span class=\"_ _1\"></span>3<span class=\"_ _2\"></span>8<span class=\"_ _1\"></span>.9<span class=\"_ _1\"></span>)<span class=\"_ _383\"> </span></span></span>Hedged liabilities<span class=\"_ _283\"> </span><span class=\"ls2\"> </span>Current hedge r<span class=\"_ _6\"></span>elationships <span class=\"_ _1d1\"> </span><span class=\"ff2 ls1f ws1c\">58.0<span class=\"_ _37\"> </span></span><span class=\"lsf8 wsfd\">1<span class=\"_ _2\"></span>9.<span class=\"_ _2\"></span>6<span class=\"_ _383\"> </span></span>Swap inception adjus<span class=\"_ _6\"></span>tment <span class=\"_ _2b9\"> </span><span class=\"ff2 ls1c wsb5\">(2<span class=\"_ _1\"></span>.3<span class=\"_ _1\"></span>)<span class=\"_ _d0\"> </span></span><span class=\"ls2c ws29\">3.3<span class=\"_ _383\"> </span></span>Cancelled hedge relationships<span class=\"_ _2ba\"> </span><span class=\"ff2 ls88 wse3\">(0.6)<span class=\"_ _d0\"> </span></span><span class=\"lsd7 wsd7\">(<span class=\"_ _1\"></span>1<span class=\"_ _1\"></span>.4<span class=\"_ _1\"></span>)<span class=\"_ _383\"> </span></span>De-designated hedge relationships<span class=\"_ _1ef\"> </span><span class=\"ff2 ls2\">\u2013 <span class=\"_ _d0\"> </span></span><span class=\"ls12 wsf\">(1.<span class=\"_ _1\"></span>8)<span class=\"_ _383\"> </span></span>Fair value adjustment<span class=\"_ _6\"></span>s on hedged liabilities<span class=\"_ _1ed\"> </span><span class=\"lsc3 wsc2\">5<span class=\"_ _1\"></span>5<span class=\"_ _1\"></span>.1<span class=\"_ _63\"> </span><span class=\"ff1 lsf8 wsfd\">1<span class=\"_ _2\"></span>9.<span class=\"_ _2\"></span>7<span class=\"_ _383\"> </span></span></span>The sw<span class=\"_ _6\"></span>ap inception adjustment r<span class=\"_ _6\"></span>elates to hedge accounting adjustmen<span class=\"_ _6\"></span>ts arising when hedge accounting commences, primarily on deriv<span class=\"_ _6\"></span>ative instrument<span class=\"_ _6\"></span>s previously t<span class=\"_ _6\"></span>ak<span class=\"_ _6\"></span>en out against the mortgage pipeline and on derivativ<span class=\"_ _6\"></span>e instrument<span class=\"_ _6\"></span>s previously t<span class=\"_ _6\"></span>ak<span class=\"_ _6\"></span>en out against ne<span class=\"_ _6\"></span>w retail deposits<span class=\"_ _8\"></span>.<span class=\"_ _383\"> </span>De-designated hedge relationships r<span class=\"_ _6\"></span>elates to hedge accounting adjustmen<span class=\"_ _6\"></span>ts on failed hedge accounting r<span class=\"_ _6\"></span>elationships. These adjus<span class=\"_ _6\"></span>tments are amortised over the r<span class=\"_ _6\"></span>emaining lives of the original hedge<span class=\"_ _6\"></span>d items. Cancelled hedge relationships predominan<span class=\"_ _6\"></span>tly repr<span class=\"_ _6\"></span>esent the unamortised fair value adjustmen<span class=\"_ _6\"></span>t for inter<span class=\"_ _6\"></span>est r<span class=\"_ _6\"></span>ate risk hedges that have been cancelled and replaced due to securitisation activities<span class=\"_ _6\"></span>, legacy long-term \ufb01xed r<span class=\"_ _6\"></span>ate mortgages (c<span class=\"_ _6\"></span>. 25 year<span class=\"_ _6\"></span>s at origination) and during 2021 IBOR transition. The tables below analyse the Gr<span class=\"_ _6\"></span>oup<span class=\"_ _6\"></span>\u2019<span class=\"_ _8\"></span>s portfolio hedge accounting for \ufb01xed r<span class=\"_ _6\"></span>ate loans and advances to cus<span class=\"_ _6\"></span>tomers:<span class=\"_ _383\"> </span>Loans and advances to cus<span class=\"_ _6\"></span>tomers<span class=\"_ _383\"> </span>2022<span class=\"_ _a0\"> </span><span class=\"ff1\">2021<span class=\"_ _383\"> </span></span>Hedged item<span class=\"_ _383\"> </span>\u00a3m<span class=\"_ _383\"> </span>Hedging instrument<span class=\"_ _383\"> </span>\u00a3m<span class=\"_ _383\"> </span>Hedged item<span class=\"_ _383\"> </span>\u00a3m<span class=\"_ _383\"> </span>Hedging instrument<span class=\"_ _383\"> </span>\u00a3m<span class=\"_ _383\"> </span>Carrying amount of hedged it<span class=\"_ _6\"></span>em/<span class=\"_ _1f6\"></span>nominal value of hedging instrument<span class=\"_ _1c5\"> </span><span class=\"ff2 ls6f ws75\">14,<span class=\"_ _6\"></span>493.8<span class=\"_ _19f\"> </span><span class=\"lsc4 wsc3\">1<span class=\"_ _0\"></span>4<span class=\"_ _2\"></span>,<span class=\"_ _0\"></span>6<span class=\"_ _0\"></span>6<span class=\"_ _2\"></span>7.<span class=\"_ _0\"></span>7<span class=\"_ _89\"> </span><span class=\"ff1 ls88 wse3\">12<span class=\"_ _1\"></span>,<span class=\"_ _1\"></span>36<span class=\"_ _1\"></span>4.<span class=\"_ _1\"></span>3<span class=\"_ _19f\"> </span><span class=\"ls2 ws2\">12,550.2<span class=\"_ _383\"> </span></span></span></span></span>Cumulative fair v<span class=\"_ _6\"></span>alue adjustment<span class=\"_ _6\"></span>s of hedged item/<span class=\"_ _6\"></span>fair value o<span class=\"_ _6\"></span>f hedging instrument<span class=\"_ _61\"> </span><span class=\"ff2 lsc4 wsc3\">(<span class=\"_ _2\"></span>8<span class=\"_ _0\"> </span>2<span class=\"_ _0\"></span>7.<span class=\"_ _2\"></span>9<span class=\"_ _2\"></span>)<span class=\"_ _7f\"> </span><span class=\"ls2c ws29\">83<span class=\"_ _1\"></span>3.2<span class=\"_ _50\"> </span></span></span><span class=\"ls86 wsf1\">(<span class=\"_ _1\"></span>1<span class=\"_ _1\"></span>9<span class=\"_ _2\"></span>0<span class=\"_ _1\"></span>.9<span class=\"_ _1\"></span>)<span class=\"_ _18d\"> </span><span class=\"lsc8 wsc8\">1<span class=\"_ _2\"></span>8<span class=\"_ _0\"></span>7.<span class=\"_ _2\"></span>4<span class=\"_ _383\"> </span></span></span>Changes in the fair value adjus<span class=\"_ _6\"></span>tment of hedged it<span class=\"_ _6\"></span>em/hedging instrument used f<span class=\"_ _6\"></span>or <span class=\"_ _383\">recognising the hedge ineffectiv</span><span class=\"_ _6\"></span>eness for the period<span class=\"_ _2bb\"> </span><span class=\"ff2 lsa wse4\">(62<span class=\"_ _1\"></span>0<span class=\"_ _1\"></span>.<span class=\"_ _1\"></span>6<span class=\"_ _1\"></span>)<span class=\"_ _70\"> </span><span class=\"lsc5 wsc4\">6<span class=\"_ _1\"></span>2<span class=\"_ _1\"></span>1<span class=\"_ _2\"></span>.9<span class=\"_ _50\"> </span></span></span><span class=\"lsc8 wsc8\">(<span class=\"_ _1\"></span>2<span class=\"_ _3\"> </span>9<span class=\"_ _2\"></span>7.<span class=\"_ _0\"></span>8<span class=\"_ _0\"></span>)<span class=\"_ _98\"> </span><span class=\"ls86 wsf1\">2<span class=\"_ _1\"></span>9<span class=\"_ _2\"></span>8<span class=\"_ _1\"></span>.9<span class=\"_ _383\"> </span></span></span>Cumulative fair v<span class=\"_ _6\"></span>alue on cancelled hedge relationships<span class=\"_ _2bc\"> </span><span class=\"ff2 lsc9 wsc9\">(5<span class=\"_ _1\"></span>.2)<span class=\"_ _1da\"> </span><span class=\"ls2 ws2\">\u2013<span class=\"_ _55\"> </span></span></span><span class=\"ls9f wsbc\">78<span class=\"_ _1\"></span>.<span class=\"_ _1\"></span>2<span class=\"_ _1cc\"> </span></span><span class=\"ls2\">\u2013<span class=\"_ _383\"> </span></span>In the Consolidated Statemen<span class=\"_ _6\"></span>t of Financial Position, \u00a3854<span class=\"_ _8\"></span>.3m (2021: \u00a3187<span class=\"_ _9\"></span>.7<span class=\"_ _8\"></span>m) of hedging instrumen<span class=\"_ _6\"></span>ts wer<span class=\"_ _6\"></span>e recognised within derivativ<span class=\"_ _6\"></span>e assets; and \u00a321.<span class=\"_ _6\"></span>1m (2<span class=\"_ _6\"></span>021: \u00a30<span class=\"_ _6\"></span>.3m) within derivativ<span class=\"_ _6\"></span>e liabilities.<span class=\"_ _383\"> </span>The mov<span class=\"_ _6\"></span>ement in cancelled hedge relationships is as f<span class=\"_ _6\"></span>ollows:<span class=\"_ _383\"> </span>Hedged assets<span class=\"_ _383\"> </span>2022<span class=\"_ _383\"> </span>\u00a3m<span class=\"_ _383\"> </span>2021<span class=\"_ _383\"> </span>\u00a3m<span class=\"_ _383\"> </span>At 1 January<span class=\"_ _264\"> </span><span class=\"ff2 lscc wscd\">78.<span class=\"_ _1\"></span>2<span class=\"_ _55\"> </span></span><span class=\"ls88 wse3\">84.<span class=\"_ _1\"></span>6<span class=\"_ _383\"> </span></span>New cancellations1<span class=\"_ _383\"> </span>(<span class=\"_ _2\"></span>4<span class=\"_ _2\"></span>9.<span class=\"_ _2\"></span>3<span class=\"_ _1\"></span>)<span class=\"_ _e8\"> </span><span class=\"ff1 ls6f ws75\">33.5<span class=\"_ _383\"> </span></span>Amortisation<span class=\"_ _236\"> </span><span class=\"ff2 lsc3 wsc2\">(<span class=\"_ _1\"></span>3<span class=\"_ _2\"></span>4<span class=\"_ _1\"></span>.1<span class=\"_ _1\"></span>)<span class=\"_ _18d\"> </span></span><span class=\"lsf8 wsfd\">(<span class=\"_ _2\"></span>3<span class=\"_ _2\"></span>9.9<span class=\"_ _2\"></span>)<span class=\"_ _383\"> </span></span>At 31 December<span class=\"_ _2bd\"> </span><span class=\"lsc9 wsc9\">(5<span class=\"_ _1\"></span>.2)<span class=\"_ _e8\"> </span><span class=\"ff1 ls9f wsbc\">78<span class=\"_ _1\"></span>.2<span class=\"_ _383\"> </span></span></span>1.  <span class=\"_ _149\"> </span> <span class=\"_ _23\"></span>F<span class=\"_ _1\"></span>ol<span class=\"_ _1\"></span>low<span class=\"_ _1\"></span>in<span class=\"_ _1\"></span>g th<span class=\"_ _1\"></span>e se<span class=\"_ _1\"></span>cu<span class=\"_ _1\"></span>riti<span class=\"_ _1\"></span>sa<span class=\"_ _1\"></span>tio<span class=\"_ _1\"></span>n of m<span class=\"_ _1\"></span>or<span class=\"_ _1\"></span>tg<span class=\"_ _1\"></span>ag<span class=\"_ _1\"></span>es d<span class=\"_ _1\"></span>ur<span class=\"_ _1\"></span>ing t<span class=\"_ _1\"></span>he y<span class=\"_ _1\"></span>ea<span class=\"_ _1\"></span>r an<span class=\"_ _1\"></span>d LIB<span class=\"_ _1\"></span>OR s<span class=\"_ _1\"></span>wap<span class=\"_ _1\"></span>s tra<span class=\"_ _1\"></span>ns<span class=\"_ _1\"></span>fe<span class=\"_ _1\"></span>rre<span class=\"_ _1\"></span>d to S<span class=\"_ _1\"></span>ON<span class=\"_ _1\"></span>IA s<span class=\"_ _1\"></span>wap<span class=\"_ _1\"></span>s thr<span class=\"_ _1\"></span>ou<span class=\"_ _1\"></span>gh th<span class=\"_ _1\"></span>e IB<span class=\"_ _1\"></span>OR t<span class=\"_ _1\"></span>ran<span class=\"_ _1\"></span>si<span class=\"_ _1\"></span>tio<span class=\"_ _1\"></span>n du<span class=\"_ _1\"></span>rin<span class=\"_ _1\"></span>g 202<span class=\"_ _1\"></span>1, the G<span class=\"_ _1\"></span>ro<span class=\"_ _1\"></span>up c<span class=\"_ _1\"></span>an<span class=\"_ _1\"></span>ce<span class=\"_ _1\"></span>ll<span class=\"_ _1\"></span>ed swa<span class=\"_ _1\"></span>ps w<span class=\"_ _1\"></span>hi<span class=\"_ _1\"></span>ch we<span class=\"_ _1\"></span>re e<span class=\"_ _1\"></span><span class=\"_ _383\">ffe</span><span class=\"_ _1\"></span>cti<span class=\"_ _1\"></span>ve p<span class=\"_ _1\"></span>ri<span class=\"_ _1\"></span>or to th<span class=\"_ _1\"></span>e ev<span class=\"_ _1\"></span>ent<span class=\"_ _1\"></span>, wi<span class=\"_ _1\"></span>th the d<span class=\"_ _1\"></span>e<span class=\"_ _1\"></span>sig<span class=\"_ _1\"></span>na<span class=\"_ _1\"></span>te<span class=\"_ _1\"></span>d he<span class=\"_ _1\"></span>dg<span class=\"_ _1\"></span>e mo<span class=\"_ _1\"></span>ve<span class=\"_ _1\"></span>d to ca<span class=\"_ _1\"></span>nc<span class=\"_ _1\"></span>el<span class=\"_ _1\"></span>le<span class=\"_ _1\"></span>d he<span class=\"_ _1\"></span>d<span class=\"_ _1\"></span>ge re<span class=\"_ _1\"></span>l<span class=\"_ _1\"></span>atio<span class=\"_ _1\"></span>ns<span class=\"_ _1\"></span>hi<span class=\"_ _1\"></span>ps to b<span class=\"_ _1\"></span>e am<span class=\"_ _1\"></span>or<span class=\"_ _1\"></span>t<span class=\"_ _1\"></span>is<span class=\"_ _1\"></span>ed ov<span class=\"_ _1\"></span>er t<span class=\"_ _1\"></span>he o<span class=\"_ _1\"></span>rig<span class=\"_ _1\"></span>ina<span class=\"_ _1\"></span>l li<span class=\"_ _1\"></span>fe of th<span class=\"_ _1\"></span>e sw<span class=\"_ _1\"></span>ap.<span class=\"_ _383\"> </span>The tables below analyse the Gr<span class=\"_ _6\"></span>oup<span class=\"_ _6\"></span>\u2019<span class=\"_ _8\"></span>s portfolio hedge accounting for \ufb01xed r<span class=\"_ _6\"></span>ate amounts o<span class=\"_ _6\"></span>wed t<span class=\"_ _6\"></span>o retail depositor<span class=\"_ _6\"></span>s:<span class=\"_ _383\"> </span>Customer deposits<span class=\"_ _383\"> </span>2022<span class=\"_ _a0\"> </span><span class=\"ff1\">2021<span class=\"_ _383\"> </span></span>Hedged item<span class=\"_ _383\"> </span>\u00a3m<span class=\"_ _383\"> </span>Hedging instrument<span class=\"_ _383\"> </span>\u00a3m<span class=\"_ _383\"> </span>Hedged item<span class=\"_ _383\"> </span>\u00a3m<span class=\"_ _383\"> </span>Hedging instrument<span class=\"_ _383\"> </span>\u00a3m<span class=\"_ _383\"> </span>Carrying amount of hedged it<span class=\"_ _6\"></span>em/<span class=\"_ _1f6\"></span>nominal value of hedging instrument<span class=\"_ _120\"> </span><span class=\"ff2 lsc4 wsc3\">9,<span class=\"_ _2\"></span>1<span class=\"_ _2\"></span>6<span class=\"_ _2\"></span>7.<span class=\"_ _0\"> </span>3<span class=\"_ _40\"> </span><span class=\"ls16c ws189\">9,1<span class=\"_ _2\"></span>8<span class=\"_ _1\"></span>0<span class=\"_ _2\"></span>.<span class=\"_ _1\"></span>0<span class=\"_ _6b\"> </span></span></span><span class=\"ls7a wsa1\">6,3<span class=\"_ _1\"></span>86.0<span class=\"_ _6e\"> </span></span><span class=\"ws6e\">6,3<span class=\"_ _1\"></span>90.0<span class=\"_ _383\"> </span></span>Cumulative fair v<span class=\"_ _6\"></span>alue adjustment<span class=\"_ _6\"></span>s of hedged item/<span class=\"_ _6\"></span>fair value o<span class=\"_ _6\"></span>f hedging instrument<span class=\"_ _23f\"> </span><span class=\"ff2 ls1f ws1c\">58.0<span class=\"_ _5c\"> </span><span class=\"lsc4 wsc3\">(<span class=\"_ _2\"></span>6<span class=\"_ _2\"></span>7.<span class=\"_ _2\"></span>9<span class=\"_ _2\"></span>)<span class=\"_ _55\"> </span></span></span><span class=\"lsf8 wsfd\">1<span class=\"_ _2\"></span>9.<span class=\"_ _2\"></span>6<span class=\"_ _9d\"> </span><span class=\"ls7e ws16\">(18<span class=\"_ _1\"></span>.5<span class=\"_ _1\"></span>)<span class=\"_ _383\"> </span></span></span>Changes in the fair value adjus<span class=\"_ _6\"></span>tment of hedged it<span class=\"_ _6\"></span>em/hedging instrument used f<span class=\"_ _6\"></span>or <span class=\"_ _383\">recognising the hedge ineffectiv</span><span class=\"_ _6\"></span>eness for the period<span class=\"_ _e6\"> </span><span class=\"ff2 ls7e ws16\">33.0<span class=\"_ _18d\"> </span><span class=\"lsa wse4\">(<span class=\"_ _1\"></span>4<span class=\"_ _1\"></span>2<span class=\"_ _1\"></span>.4)<span class=\"_ _9d\"> </span></span></span><span class=\"lsc8 wsc8\">2<span class=\"_ _2\"></span>7.<span class=\"_ _2\"></span>4<span class=\"_ _254\"> </span><span class=\"lsed wsf2\">(2<span class=\"_ _1\"></span>6<span class=\"_ _1\"></span>.1<span class=\"_ _1\"></span>)<span class=\"_ _383\"> </span></span></span>In the Consolidated Statemen<span class=\"_ _6\"></span>t of Financial Position, \u00a32.<span class=\"_ _1f6\"></span>4m (2021: \u00a30<span class=\"_ _6\"></span>.3m) of hedging ins<span class=\"_ _6\"></span>truments w<span class=\"_ _6\"></span>ere r<span class=\"_ _6\"></span>ecognised within derivative assets; and \u00a37<span class=\"_ _6\"></span>0.<span class=\"_ _6\"></span>3m (2<span class=\"_ _6\"></span>021: \u00a318.8m) within derivative liabilities<span class=\"_ _8\"></span>.<span class=\"_ _383\"> </span>",
   "dimensions": {
    "concept": "ifrs-full:DisclosureOfHedgeAccountingExplanatory",
    "language": "en",
    "entity": "scheme:213800ZBKL9BHSL2K459",
    "period": "2022-01-01T00:00:00/2023-01-01T00:00:00"
   }
  },
  "fact-524": {
   "value": "<div class=\"t m3 hc ff2 fs7 fc2 sc0 ls2 ws2 gs5ea\">27<span class=\"_ _1f6\"></span><span class=\"_ _383\">.\u2002O</span><span class=\"_ _1\"></span>the<span class=\"_ _1\"></span>r ass<span class=\"_ _1\"></span>et<span class=\"_ _1\"></span>s </div><div class=\"t m3 h3a ff2 fs5 fc3 sc0 lse ws71 gs5eb\">2022<span class=\"_ _383\"> </span></div><div class=\"t m3 h3a ff2 fs5 fc3 sc0 lse ws71 gs5ec\">\u00a3m<span class=\"_ _383\"> </span></div><div class=\"t m3 h8 ff1 fs5 fc3 sc0 lse ws71 gs5ed\">2021<span class=\"_ _383\"> </span></div><div class=\"t m3 h8 ff1 fs5 fc3 sc0 lse ws71 gs5ee\">\u00a3m<span class=\"_ _383\"> </span></div><div class=\"t m3 hd ff1 fs7 fc3 sc0 ls11 ws2 gs5ef\">Falling due within one year:<span class=\"_ _2be\"> </span><span class=\"ff2 ls2\"> </span></div><div class=\"t m3 hd ff1 fs7 fc3 sc0 ls11 ws6e gs5f0\">Prepayment<span class=\"_ _6\"></span>s<span class=\"_ _235\"> </span><span class=\"ff2 lsc4 wsc3\">7.<span class=\"_ _0\"></span>8<span class=\"_ _20e\"> </span></span><span class=\"lsc8 wsc8\">7.<span class=\"_ _1\"></span>1<span class=\"_ _383\"> </span></span></div><div class=\"t m3 hd ff1 fs7 fc3 sc0 ls11 ws2 gs2db\">Other assets<span class=\"_ _185\"> </span><span class=\"ff2 ls14 ws11\">1.8<span class=\"_ _e5\"> </span></span><span class=\"ls86 wsf1\">0<span class=\"_ _1\"></span>.9<span class=\"_ _383\"> </span></span></div><div class=\"t m3 hd ff1 fs7 fc3 sc0 ls11 ws2 gs2dd\">Falling due more than one year:<span class=\"_ _2bf\"> </span><span class=\"ff2 ls2\"> </span></div><div class=\"t m3 hd ff1 fs7 fc3 sc0 ls11 ws6e gs2de\">Prepayment<span class=\"_ _6\"></span>s<span class=\"_ _2c0\"> </span><span class=\"ff2 ls81 wsdf\">5.4<span class=\"_ _e5\"> </span></span><span class=\"ls2 ws2\">2.2</span></div><div class=\"t m3 hd ff1 fs7 fc3 sc0 ls2 ws2 gs2df\"> <span class=\"_ _2c1\"> </span><span class=\"ff2 ls7e ws16\">15.0<span class=\"_ _9c\"> </span></span><span class=\"ls9f wsbc\">10.<span class=\"_ _1\"></span>2<span class=\"_ _383\"> </span></span></div>",
   "dimensions": {
    "concept": "ifrs-full:DisclosureOfOtherAssetsExplanatory",
    "language": "en",
    "entity": "scheme:213800ZBKL9BHSL2K459",
    "period": "2022-01-01T00:00:00/2023-01-01T00:00:00"
   }
  },
  "fact-574": {
   "value": "27<span class=\"_ _1f6\"></span><span class=\"_ _383\">.\u2002O</span><span class=\"_ _1\"></span>the<span class=\"_ _1\"></span>r ass<span class=\"_ _1\"></span>et<span class=\"_ _1\"></span>s 2022<span class=\"_ _383\"> </span>\u00a3m<span class=\"_ _383\"> </span>2021<span class=\"_ _383\"> </span>\u00a3m<span class=\"_ _383\"> </span>Falling due within one year:<span class=\"_ _2be\"> </span><span class=\"ff2 ls2\"> </span>Prepayment<span class=\"_ _6\"></span>s<span class=\"_ _235\"> </span><span class=\"ff2 lsc4 wsc3\">7.<span class=\"_ _0\"></span>8<span class=\"_ _20e\"> </span></span><span class=\"lsc8 wsc8\">7.<span class=\"_ _1\"></span>1<span class=\"_ _383\"> </span></span>Other assets<span class=\"_ _185\"> </span><span class=\"ff2 ls14 ws11\">1.8<span class=\"_ _e5\"> </span></span><span class=\"ls86 wsf1\">0<span class=\"_ _1\"></span>.9<span class=\"_ _383\"> </span></span>Falling due more than one year:<span class=\"_ _2bf\"> </span><span class=\"ff2 ls2\"> </span>Prepayment<span class=\"_ _6\"></span>s<span class=\"_ _2c0\"> </span><span class=\"ff2 ls81 wsdf\">5.4<span class=\"_ _e5\"> </span></span><span class=\"ls2 ws2\">2.2</span> <span class=\"_ _2c1\"> </span><span class=\"ff2 ls7e ws16\">15.0<span class=\"_ _9c\"> </span></span><span class=\"ls9f wsbc\">10.<span class=\"_ _1\"></span>2<span class=\"_ _383\"> </span></span>",
   "dimensions": {
    "concept": "ifrs-full:DisclosureOfPrepaymentsAndOtherAssetsExplanatory",
    "language": "en",
    "entity": "scheme:213800ZBKL9BHSL2K459",
    "period": "2022-01-01T00:00:00/2023-01-01T00:00:00"
   }
  },
  "fact-525": {
   "value": "<div class=\"t m3 hc ff2 fs7 fc2 sc0 ls2 ws2 gs5f2\"><span class=\"_ _383\">28.\u2002D</span><span class=\"_ _1\"></span>efe<span class=\"_ _1\"></span>rre<span class=\"_ _1\"></span>d taxation a<span class=\"_ _1\"></span>sse<span class=\"_ _1\"></span>t<span class=\"_ _383\"> </span></div><div class=\"t m3 h3a ff2 fs5 fc3 sc0 lse ws2 gs5f3\">Losses carried </div><div class=\"t m3 h3a ff2 fs5 fc3 sc0 lse ws71 gs5f4\">forward<span class=\"_ _383\"> </span></div><div class=\"t m3 h3a ff2 fs5 fc3 sc0 lse ws71 gs5f5\">\u00a3m<span class=\"_ _383\"> </span></div><div class=\"t m3 h3a ff2 fs5 fc3 sc0 lse ws71 gs5f6\">Accelerated </div><div class=\"t m3 h3a ff2 fs5 fc3 sc0 lse ws71 gs5f7\">depreciation<span class=\"_ _383\"> </span></div><div class=\"t m3 h3a ff2 fs5 fc3 sc0 lse ws71 gs5f8\">\u00a3m<span class=\"_ _383\"> </span></div><div class=\"t m3 h3a ff2 fs5 fc3 sc0 lse ws71 gs5f9\">Share-based </div><div class=\"t m3 h3a ff2 fs5 fc3 sc0 lse ws71 gs5fa\">payments<span class=\"_ _383\"> </span></div><div class=\"t m3 h3a ff2 fs5 fc3 sc0 lse ws71 gs5fb\">\u00a3m<span class=\"_ _383\"> </span></div><div class=\"t m3 h3a ff2 fs5 fc3 sc0 lse ws2 gs5fc\">IFRS 9 </div><div class=\"t m3 h3a ff2 fs5 fc3 sc0 lse ws71 gs5fd\">transitional </div><div class=\"t m3 h3a ff2 fs5 fc3 sc0 lse ws71 gs5fe\">adjustments<span class=\"_ _383\"> </span></div><div class=\"t m3 h3a ff2 fs5 fc3 sc0 lse ws71 gs5ff\">\u00a3m<span class=\"_ _383\"> </span></div><div class=\"t m3 h3a ff2 fs5 fc3 sc0 lse ws71 gs600\">Others<span class=\"_ _383\"> </span></div><div class=\"t m3 h3f ff2 fs1f fc3 sc0 ls2 ws2 gs601\">1<span class=\"_ _383\"> </span></div><div class=\"t m3 h3a ff2 fs5 fc3 sc0 lse ws71 gs602\">\u00a3m<span class=\"_ _383\"> </span></div><div class=\"t m3 h3a ff2 fs5 fc3 sc0 lsc2 wsc1 gs603\">To<span class=\"_ _1\"></span>t<span class=\"_ _2\"></span>a<span class=\"_ _1\"></span>l<span class=\"_ _383\"> </span></div><div class=\"t m3 h3a ff2 fs5 fc3 sc0 lse ws71 gs604\">\u00a3m<span class=\"_ _383\"> </span></div><div class=\"t m3 hd ff1 fs7 fc3 sc0 ls11 ws2 gs605\">At 1 January 2<span class=\"_ _6\"></span>021<span class=\"_ _2c2\"> </span><span class=\"ls86 wsf1\">0<span class=\"_ _1\"></span>.9<span class=\"_ _8b\"> </span><span class=\"lsd7 wsd7\">0<span class=\"_ _1\"></span>.4<span class=\"_ _ce\"> </span><span class=\"lsed wsf2\">3<span class=\"_ _2\"></span>.1<span class=\"_ _8b\"> </span><span class=\"ls9f wsbc\">0.7<span class=\"_ _57\"> </span></span></span>(<span class=\"_ _1\"></span>0<span class=\"_ _1\"></span>.4<span class=\"_ _1\"></span>)<span class=\"_ _b2\"> </span><span class=\"ls88 wse3\">4.<span class=\"_ _1\"></span>7<span class=\"_ _383\"> </span></span></span></span></div><div class=\"t m3 hd ff1 fs7 fc3 sc0 ls11 ws2 gs606\">Pro\ufb01t or loss (<span class=\"_ _6\"></span>charge<span class=\"_ _8\"></span>)/<span class=\"_ _8\"></span>credit<span class=\"_ _2c3\"> </span><span class=\"lsd7 wsd7\">(0<span class=\"_ _2\"></span>.4)<span class=\"_ _15c\"> </span><span class=\"lsed wsf2\">0<span class=\"_ _1\"></span>.1<span class=\"_ _23f\"> </span><span class=\"ls9f wsbc\">1.7<span class=\"_ _d9\"> </span></span></span></span><span class=\"ls2\">\u2013 <span class=\"_ _61\"> </span><span class=\"ls87 wsc6\">(1.<span class=\"_ _1\"></span>2)<span class=\"_ _d0\"> </span><span class=\"ls9f wsbc\">0.<span class=\"_ _1\"></span>2<span class=\"_ _383\"> </span></span></span></span></div><div class=\"t m3 hd ff1 fs7 fc3 sc0 ls11 ws2 gs607\">T<span class=\"_ _8\"></span>ransferr<span class=\"_ _6\"></span>ed to corporation tax liability<span class=\"_ _2c4\"> </span><span class=\"ls2\">\u2013 <span class=\"_ _3f\"> </span>\u2013 <span class=\"_ _37\"> </span><span class=\"lsd7 wsd7\">(<span class=\"_ _1\"></span>1<span class=\"_ _1\"></span>.4)<span class=\"_ _3f\"> </span></span>\u2013 <span class=\"_ _20e\"> </span>\u2013 <span class=\"_ _1b4\"> </span><span class=\"lsd7 wsd7\">(<span class=\"_ _1\"></span>1<span class=\"_ _2\"></span>.4)<span class=\"_ _383\"> </span></span></span></div><div class=\"t m3 hd ff1 fs7 fc3 sc0 ls11 ws2 gs608\">T<span class=\"_ _8\"></span>ax tak<span class=\"_ _6\"></span>en directly to OCI<span class=\"_ _2c5\"> </span><span class=\"ls2\">\u2013 <span class=\"_ _3f\"> </span>\u2013 <span class=\"_ _20e\"> </span>\u2013 <span class=\"_ _3f\"> </span>\u2013 <span class=\"_ _37\"> </span><span class=\"ls9f wsbc\">0.5<span class=\"_ _15e\"> </span>0.5<span class=\"_ _383\"> </span></span></span></div><div class=\"t m3 hd ff1 fs7 fc3 sc0 ls11 ws2 gs609\">T<span class=\"_ _8\"></span>ax tak<span class=\"_ _6\"></span>en directly to equity<span class=\"_ _2c6\"> </span><span class=\"ls2\">\u2013 <span class=\"_ _3f\"> </span>\u2013 <span class=\"_ _15c\"> </span><span class=\"ls9f wsbc\">1.6<span class=\"_ _d9\"> </span></span>\u2013 <span class=\"_ _20e\"> </span>\u2013 <span class=\"_ _53\"> </span><span class=\"ls9f wsbc\">1.6<span class=\"_ _383\"> </span></span></span></div><div class=\"t m3 hd ff1 fs7 fc3 sc0 ls11 ws2 gs60a\">At 31 December 2021<span class=\"_ _2c7\"> </span><span class=\"ls9f wsbc\">0.5<span class=\"_ _53\"> </span>0.5<span class=\"_ _15e\"> </span></span><span class=\"ws6e\">5.0<span class=\"_ _e5\"> </span><span class=\"ls9f wsbc\">0.<span class=\"_ _1\"></span>7<span class=\"_ _90\"> </span><span class=\"lsed wsf2\">(1<span class=\"_ _1\"></span>.1<span class=\"_ _2\"></span>)<span class=\"_ _1b4\"> </span><span class=\"ls7a wsa1\">5.6<span class=\"_ _383\"> </span></span></span></span></span></div><div class=\"t m3 hd ff1 fs7 fc3 sc0 ls11 ws2 gs60b\">Pro\ufb01t or loss (<span class=\"_ _6\"></span>charge<span class=\"_ _8\"></span>)/<span class=\"_ _8\"></span>credit<span class=\"_ _383\"> </span></div><div class=\"t m3 h1f ff1 fsf fc3 sc0 ls2 ws2 gs60c\">2<span class=\"_ _383\"> </span></div><div class=\"t m3 hc ff2 fs7 fc3 sc0 ls2 ws2 gs60d\">\u2013 <span class=\"_ _93\"> </span><span class=\"ls88 wse3\">(0.5<span class=\"_ _1\"></span>)<span class=\"_ _4f\"> </span><span class=\"ls11 ws6e\">0.5<span class=\"_ _b2\"> </span><span class=\"lsc3 wsc2\">(<span class=\"_ _1\"></span>0<span class=\"_ _1\"></span>.1<span class=\"_ _1\"></span>)<span class=\"_ _b2\"> </span><span class=\"ls14 ws11\">1.6<span class=\"_ _5f\"> </span>1.5<span class=\"_ _383\"> </span></span></span></span></span></div><div class=\"t m3 hd ff1 fs7 fc3 sc0 ls11 ws2 gs60e\">T<span class=\"_ _8\"></span>ax tak<span class=\"_ _6\"></span>en directly to OCI<span class=\"_ _175\"> </span><span class=\"ff2 ls2\">\u2013 <span class=\"_ _3f\"> </span>\u2013 <span class=\"_ _20e\"> </span>\u2013 <span class=\"_ _3f\"> </span>\u2013 <span class=\"_ _63\"> </span><span class=\"lsc3 wsc2\">0<span class=\"_ _1\"></span>.1<span class=\"_ _90\"> </span>0<span class=\"_ _1\"></span>.1<span class=\"_ _383\"> </span></span></span></div><div class=\"t m3 hd ff1 fs7 fc3 sc0 ls11 ws2 gs60f\">T<span class=\"_ _8\"></span>ax tak<span class=\"_ _6\"></span>en directly to equity<span class=\"_ _2c6\"> </span><span class=\"ff2 ls2\">\u2013 <span class=\"_ _20e\"> </span>\u2013 <span class=\"_ _96\"> </span><span class=\"lsc5 wsc4\">(0<span class=\"_ _1\"></span>.9<span class=\"_ _1\"></span>)<span class=\"_ _20e\"> </span></span>\u2013 <span class=\"_ _20e\"> </span>\u2013 <span class=\"_ _9d\"> </span><span class=\"lsc5 wsc4\">(<span class=\"_ _1\"></span>0<span class=\"_ _1\"></span>.9<span class=\"_ _1\"></span>)<span class=\"_ _383\"> </span></span></span></div><div class=\"t m3 hc ff2 fs7 fc3 sc0 ls11 ws2 gs610\">At 31 December 2022<span class=\"_ _175\"> </span><span class=\"ws6e\">0.5<span class=\"_ _1cc\"> </span></span><span class=\"ls2\">\u2013 <span class=\"_ _d0\"> </span></span><span class=\"ws6e\">4.<span class=\"_ _1\"></span>6<span class=\"_ _1c2\"> </span>0.<span class=\"_ _1\"></span>6<span class=\"_ _1c2\"> </span>0.6<span class=\"_ _15c\"> </span></span><span class=\"ls2\">6.<span class=\"_ _1\"></span>3<span class=\"_ _383\"> </span></span></div><div class=\"t m3 h8 ff1 fs5 fc3 sc0 ls2 ws2 gs611\">1. <span class=\"_ _41\"> </span>O<span class=\"_ _1\"></span>the<span class=\"_ _1\"></span>rs i<span class=\"_ _1\"></span>nc<span class=\"_ _1\"></span>lu<span class=\"_ _1\"></span>de<span class=\"_ _1\"></span>s de<span class=\"_ _1\"></span>fe<span class=\"_ _1\"></span>rre<span class=\"_ _1\"></span>d ta<span class=\"_ _1\"></span>xati<span class=\"_ _1\"></span>on a<span class=\"_ _1\"></span>ss<span class=\"_ _1\"></span>et<span class=\"_ _1\"></span>s re<span class=\"_ _1\"></span>co<span class=\"_ _1\"></span>gn<span class=\"_ _1\"></span>is<span class=\"_ _1\"></span>e<span class=\"_ _1\"></span>d on \ufb01n<span class=\"_ _1\"></span>an<span class=\"_ _1\"></span>ci<span class=\"_ _1\"></span>al as<span class=\"_ _1\"></span>s<span class=\"_ _1\"></span>ets c<span class=\"_ _1\"></span>la<span class=\"_ _1\"></span>s<span class=\"_ _1\"></span>si\ufb01<span class=\"_ _1\"></span>e<span class=\"_ _1\"></span>d as F<span class=\"_ _1\"></span>VOC<span class=\"_ _1\"></span>I, d<span class=\"_ _1\"></span>er<span class=\"_ _1\"></span>iv<span class=\"_ _1\"></span>ati<span class=\"_ _1\"></span>ve<span class=\"_ _1\"></span>s and s<span class=\"_ _1\"></span>ho<span class=\"_ _1\"></span>r<span class=\"_ _1\"></span>t-term tim<span class=\"_ _1\"></span>in<span class=\"_ _1\"></span><span class=\"_ _383\">g diff</span><span class=\"_ _1\"></span>er<span class=\"_ _1\"></span>en<span class=\"_ _1\"></span>ce<span class=\"_ _1\"></span>s.<span class=\"_ _383\"> </span></div><div class=\"t m3 h8 ff1 fs5 fc3 sc0 ls2 ws2 gs612\">2. <span class=\"_ _34\"> </span>In<span class=\"_ _1\"></span>cl<span class=\"_ _1\"></span>ud<span class=\"_ _1\"></span>es \u00a3<span class=\"_ _1\"></span>0.3<span class=\"_ _1\"></span>m in r<span class=\"_ _1\"></span>es<span class=\"_ _1\"></span>pe<span class=\"_ _1\"></span>c<span class=\"_ _1\"></span>t of pr<span class=\"_ _1\"></span>io<span class=\"_ _1\"></span>r ye<span class=\"_ _1\"></span>ar d<span class=\"_ _1\"></span>efe<span class=\"_ _1\"></span>rr<span class=\"_ _1\"></span>ed t<span class=\"_ _1\"></span>ax.<span class=\"_ _383\"> </span></div><div class=\"t m3 hd ff1 fs7 fc3 sc0 ls11 ws2 gs613\">In 2022, the pro<span class=\"_ _6\"></span>\ufb01t or loss credit for de<span class=\"_ _6\"></span>ferred tax includes a cr<span class=\"_ _6\"></span>edit of \u00a30<span class=\"_ _8\"></span>.2m from the corporation tax r<span class=\"_ _6\"></span>ate change (2<span class=\"_ _6\"></span>021: credit of \u00a30<span class=\"_ _8\"></span>.<span class=\"_ _8\"></span>4m). </div><div class=\"t m3 hd ff1 fs7 fc3 sc0 ls11 ws2 gs614\">As at 31 December 2022, the Group had \u00a33<span class=\"_ _6\"></span>.5m (<span class=\"_ _6\"></span>2021: \u00a33<span class=\"_ _6\"></span>.5m) o<span class=\"_ _6\"></span>f losses for which a deferr<span class=\"_ _6\"></span>ed tax asset has not been recognised as the Gr<span class=\"_ _6\"></span>oup does </div><div class=\"t m3 hd ff1 fs7 fc3 sc0 ls11 ws2 gs615\"><span class=\"_ _383\">not expect sufficient futur</span><span class=\"_ _6\"></span>e pro\ufb01t<span class=\"_ _6\"></span>s to be available to utilise the losses<span class=\"_ _6\"></span>. </div><div class=\"t m3 hd ff1 fs7 fc3 sc0 ls11 ws2 gs616\">As at 31 December 2022 deferr<span class=\"_ _6\"></span>ed tax assets of \u00a32.<span class=\"_ _6\"></span>3m (2021: \u00a33<span class=\"_ _8\"></span>.0m) of are e<span class=\"_ _6\"></span>xpected to be utilised within 12 months and \u00a34<span class=\"_ _8\"></span>.0m (<span class=\"_ _6\"></span>2021: \u00a32.<span class=\"_ _6\"></span>6m) </div><div class=\"t m3 hd ff1 fs7 fc3 sc0 ls11 ws2 gs617\">utilised after 12 months.<span class=\"_ _383\"> </span></div><div class=\"t m0 hc ff2 fs7 fc2 sc0 lsd3 ws86 gs702\"><span class=\"_ _383\">38.\u2002De</span><span class=\"_ _1\"></span>ferre<span class=\"_ _1\"></span>d taxation liability<span class=\"_ _383\"> </span></div><div class=\"t m0 hd ff1 fs7 fc3 sc0 ls11 ws2 gs703\">The deferr<span class=\"_ _6\"></span><span class=\"_ _383\">ed tax liability recognised on the Combination relates to the timing diff</span><span class=\"_ _6\"></span>erences of the r<span class=\"_ _6\"></span>ecognition of assets and liabilities at fair value<span class=\"_ _6\"></span>, </div><div class=\"t m0 hd ff1 fs7 fc3 sc0 ls11 ws2 gs704\">where the fair v<span class=\"_ _6\"></span>alues will unwind in future periods in line with the underlying asse<span class=\"_ _6\"></span>t or liability. The deferred t<span class=\"_ _6\"></span>ax liability has been measured using </div><div class=\"t m0 hd ff1 fs7 fc3 sc0 ls11 ws2 gs705\">the rele<span class=\"_ _6\"></span>vant r<span class=\"_ _6\"></span>ates for the expect<span class=\"_ _6\"></span>ed periods of utilisation.<span class=\"_ _383\"> </span></div><div class=\"t m0 h3a ff2 fs5 fc3 sc0 ls62 ws187 gs706\">CCFS </div><div class=\"t m0 h3a ff2 fs5 fc3 sc0 lse ws71 gs707\">Combination<span class=\"_ _383\"> </span></div><div class=\"t m0 h3a ff2 fs5 fc3 sc0 lse ws71 gs708\">\u00a3m<span class=\"_ _383\"> </span></div><div class=\"t m0 hd ff1 fs7 fc3 sc0 ls11 ws2 gs709\">At 1 January 2<span class=\"_ _6\"></span>021<span class=\"_ _2de\"> </span><span class=\"ls2c ws29\">48.3<span class=\"_ _383\"> </span></span></div><div class=\"t m0 hd ff1 fs7 fc3 sc0 ls11 ws2 gs70a\">Pro\ufb01t or loss cr<span class=\"_ _6\"></span>edit<span class=\"_ _1e4\"> </span><span class=\"ls12 wsf\">(8.5<span class=\"_ _1\"></span>)<span class=\"_ _383\"> </span></span></div><div class=\"t m0 hd ff1 fs7 fc3 sc0 ls11 ws2 gs70b\">At 31 December 2021<span class=\"_ _2df\"> </span><span class=\"lsf8 wsfd\">3<span class=\"_ _2\"></span>9.<span class=\"_ _2\"></span>8<span class=\"_ _383\"> </span></span></div><div class=\"t m0 hd ff1 fs7 fc3 sc0 ls11 ws2 gs70c\">Pro\ufb01t or loss cr<span class=\"_ _6\"></span>edit<span class=\"_ _2e0\"> </span><span class=\"ff2 lsc4 wsc3\">(<span class=\"_ _2\"></span>1<span class=\"_ _2\"></span>7.<span class=\"_ _0\"> </span>5<span class=\"_ _0\"> </span>)<span class=\"_ _383\"> </span></span></div><div class=\"t m0 hc ff2 fs7 fc3 sc0 ls11 ws2 gs70d\">At 31 December 2022<span class=\"_ _2e1\"> </span><span class=\"ls7d wse2\">22.3<span class=\"_ _383\"> </span></span></div><div class=\"t m0 hd ff1 fs7 fc3 sc0 ls11 ws2 gs70e\">In 2022, the pro<span class=\"_ _6\"></span>\ufb01t or loss credit includes \u00a34<span class=\"_ _8\"></span>.7<span class=\"_ _8\"></span>m impact of the corporation tax r<span class=\"_ _6\"></span>ate change (2021: a debit o<span class=\"_ _6\"></span>f \u00a35.<span class=\"_ _6\"></span>6m).<span class=\"_ _383\"> </span></div><div class=\"t m0 hd ff1 fs7 fc3 sc0 ls11 ws2 gs70f\">As at 31 December 2022 deferr<span class=\"_ _6\"></span>ed tax liabilities of \u00a35<span class=\"_ _6\"></span>.6m (2<span class=\"_ _6\"></span>021: \u00a317<span class=\"_ _1f6\"></span>.5m) ar<span class=\"_ _6\"></span>e expected to be due within 12 mon<span class=\"_ _6\"></span>ths and \u00a316.7<span class=\"_ _1f6\"></span>m (2021: \u00a322.3m) due </div><div class=\"t m0 hd ff1 fs7 fc3 sc0 ls11 ws2 gs710\">after 12 months.<span class=\"_ _383\"> </span></div>",
   "dimensions": {
    "concept": "ifrs-full:DisclosureOfDeferredTaxesExplanatory",
    "language": "en",
    "entity": "scheme:213800ZBKL9BHSL2K459",
    "period": "2022-01-01T00:00:00/2023-01-01T00:00:00"
   }
  },
  "fact-526": {
   "value": "29<span class=\"_ _8\"></span><span class=\"_ _383\">.\u2002P</span><span class=\"_ _1\"></span>rop<span class=\"_ _1\"></span>er<span class=\"_ _1\"></span>ty, pl<span class=\"_ _1\"></span>ant and e<span class=\"_ _1\"></span>quipm<span class=\"_ _1\"></span>ent<span class=\"_ _383\"> </span>Freehold land and buildings<span class=\"_ _383\"> </span>\u00a3m<span class=\"_ _383\"> </span>Leasehold improv<span class=\"_ _6\"></span>ements<span class=\"_ _383\"> </span>\u00a3m<span class=\"_ _383\"> </span>Equipment and \ufb01xtures<span class=\"_ _383\"> </span>\u00a3m<span class=\"_ _383\"> </span>Right of use assets<span class=\"_ _383\"> </span>To<span class=\"_ _1\"></span>t<span class=\"_ _2\"></span>a<span class=\"_ _1\"></span>l<span class=\"_ _383\"> </span>\u00a3m<span class=\"_ _383\"> </span>Property leases<span class=\"_ _383\"> </span>\u00a3m<span class=\"_ _383\"> </span>Other leases<span class=\"_ _383\"> </span>\u00a3m<span class=\"_ _383\"> </span>Cost<span class=\"_ _383\"> </span>At 1 January 2<span class=\"_ _6\"></span>021<span class=\"_ _f8\"> </span><span class=\"lsf8 wsfd\">19.<span class=\"_ _0\"></span>2<span class=\"_ _e5\"> </span></span><span class=\"ws6e\">3<span class=\"_ _1\"></span>.0<span class=\"_ _61\"> </span><span class=\"lscd wsce\">13.<span class=\"_ _1\"></span>8<span class=\"_ _1c2\"> </span><span class=\"lsed wsf2\">1<span class=\"_ _1\"></span>3<span class=\"_ _1\"></span>.1<span class=\"_ _ce\"> </span><span class=\"ls9f wsbc\">1.3<span class=\"_ _55\"> </span><span class=\"lsd7 wsd7\">5<span class=\"_ _1\"></span>0<span class=\"_ _1\"></span>.4<span class=\"_ _383\"> </span></span></span></span></span></span>Additions1<span class=\"_ _383\"> </span>\u2013 <span class=\"_ _3f\"> </span>\u2013 <span class=\"_ _1b4\"> </span><span class=\"ls7a wsa1\">2.6<span class=\"_ _53\"> </span><span class=\"ls9f wsbc\">0.<span class=\"_ _1\"></span>6<span class=\"_ _ca\"> </span><span class=\"lsed wsf2\">0.1<span class=\"_ _8b\"> </span><span class=\"ls2c ws29\">3.3<span class=\"_ _383\"> </span></span></span></span></span><span class=\"_ _383\">Disposals and write-offs</span>2<span class=\"_ _383\"> </span>(2.<span class=\"_ _1\"></span>8)<span class=\"_ _61\"> </span><span class=\"lsed wsf2\">(<span class=\"_ _1\"></span>0<span class=\"_ _1\"></span>.1<span class=\"_ _2\"></span>)<span class=\"_ _61\"> </span><span class=\"ls12 wsf\">(1.<span class=\"_ _1\"></span>3)<span class=\"_ _9d\"> </span><span class=\"lscc wscd\">(0.<span class=\"_ _1\"></span>5)<span class=\"_ _96\"> </span>(0.<span class=\"_ _1\"></span>2)<span class=\"_ _55\"> </span><span class=\"ls86 wsf1\">(<span class=\"_ _2\"></span>4.9<span class=\"_ _1\"></span>)<span class=\"_ _383\"> </span></span></span></span></span>Foreign ex<span class=\"_ _6\"></span><span class=\"_ _383\">change difference</span><span class=\"_ _1c0\"> </span><span class=\"lsed wsf2\">0<span class=\"_ _1\"></span>.1<span class=\"_ _1\"></span> <span class=\"_ _23f\"> </span><span class=\"ls2 ws1c\"> \u2013 <span class=\"_ _53\"> </span></span>0<span class=\"_ _1\"></span>.1<span class=\"_ _2\"></span> <span class=\"_ _3f\"> </span></span><span class=\"ls2\">\u2013 <span class=\"_ _20e\"> </span>\u2013 <span class=\"_ _37\"> </span><span class=\"ls9f wsbc\">0.<span class=\"_ _1\"></span>2<span class=\"_ _383\"> </span></span></span>At 31 December 2021<span class=\"_ _2a1\"> </span><span class=\"lscc wscd\">16.5<span class=\"_ _8b\"> </span><span class=\"ls86 wsf1\">2<span class=\"_ _2\"></span>.9<span class=\"_ _d0\"> </span><span class=\"ls9f wsbc\">15.<span class=\"_ _1\"></span>2<span class=\"_ _61\"> </span><span class=\"lscd wsce\">13<span class=\"_ _1\"></span>.2<span class=\"_ _ca\"> </span></span>1.2<span class=\"_ _254\"> </span><span class=\"lsf8 wsfd\">4<span class=\"_ _2\"></span>9.<span class=\"_ _2\"></span>0<span class=\"_ _383\"> </span></span></span></span></span>Additions1<span class=\"_ _383\"> </span>3.5<span class=\"_ _5f\"> </span><span class=\"lsc3 wsc2\">0<span class=\"_ _1\"></span>.1<span class=\"_ _15e\"> </span><span class=\"lsc5 wsc4\">2<span class=\"_ _1\"></span>.9<span class=\"_ _15e\"> </span>0<span class=\"_ _1\"></span>.9<span class=\"_ _53\"> </span></span></span>3.5<span class=\"_ _254\"> </span><span class=\"lsc5 wsc4\">1<span class=\"_ _1\"></span>0<span class=\"_ _1\"></span>.9<span class=\"_ _383\"> </span></span><span class=\"_ _383\">Disposals and write-offs<span class=\"_ _383\"> </span></span>2<span class=\"_ _383\"> </span>\u2013 <span class=\"_ _20e\"> </span>\u2013 <span class=\"_ _4f\"> </span><span class=\"ls87 wsc6\">(1.7<span class=\"_ _2\"></span>)<span class=\"_ _5c\"> </span><span class=\"ls88 wse3\">(0.<span class=\"_ _1\"></span>3)<span class=\"_ _55\"> </span><span class=\"lsc3 wsc2\">(0<span class=\"_ _2\"></span>.1<span class=\"_ _1\"></span>)<span class=\"_ _55\"> </span>(<span class=\"_ _1\"></span>2<span class=\"_ _2\"></span>.1<span class=\"_ _1\"></span>)<span class=\"_ _383\"> </span></span></span></span>Foreign ex<span class=\"_ _6\"></span><span class=\"_ _383\">change difference</span><span class=\"_ _2c8\"> </span><span class=\"ls2\">\u2013 <span class=\"_ _20e\"> </span>\u2013 <span class=\"_ _1c2\"> </span><span class=\"lsc3 wsc2\">0<span class=\"_ _1\"></span>.1<span class=\"_ _d9\"> </span></span>\u2013 <span class=\"_ _20e\"> </span>\u2013 <span class=\"_ _1c2\"> </span><span class=\"lsc3 wsc2\">0<span class=\"_ _1\"></span>.1<span class=\"_ _383\"> </span></span></span>At 31 December 2022<span class=\"_ _100\"> </span><span class=\"ls7e ws16\">2<span class=\"_ _1\"></span>0.0<span class=\"_ _1c2\"> </span>3<span class=\"_ _1\"></span>.0<span class=\"_ _254\"> </span><span class=\"ls12 wsf\">16.5<span class=\"_ _254\"> </span><span class=\"ls14 ws11\">13.8<span class=\"_ _15c\"> </span></span></span></span><span class=\"ws6e\">4.6<span class=\"_ _254\"> </span><span class=\"lsc4 wsc3\">5<span class=\"_ _0\"></span>7.<span class=\"_ _2\"></span>9<span class=\"_ _383\"> </span></span></span>Depreciation<span class=\"_ _df\"> </span><span class=\"ff1 ls2 ws2\"> <span class=\"_ _21a\"> </span> <span class=\"_ _11a\"> </span> <span class=\"_ _95\"> </span> <span class=\"_ _21a\"> </span> </span>At 1 January 2<span class=\"_ _6\"></span>021<span class=\"_ _2c9\"> </span><span class=\"lsd7 wsd7\">1<span class=\"_ _1\"></span>.4<span class=\"_ _8b\"> </span><span class=\"ls86 wsf1\">0<span class=\"_ _1\"></span>.9<span class=\"_ _e5\"> </span></span></span><span class=\"ws6e\">6.0<span class=\"_ _e5\"> </span><span class=\"ls7a wsa1\">2.6<span class=\"_ _53\"> </span><span class=\"ls9f wsbc\">0.<span class=\"_ _1\"></span>3<span class=\"_ _63\"> </span><span class=\"lsc7 ws7f\">11<span class=\"_ _1\"></span>.<span class=\"_ _1\"></span>2<span class=\"_ _383\"> </span></span></span></span></span>Charged in year3<span class=\"_ _383\"> </span>0<span class=\"_ _1\"></span>.9<span class=\"_ _15e\"> </span><span class=\"ls9f wsbc\">0.<span class=\"_ _1\"></span>2<span class=\"_ _8b\"> </span></span>2<span class=\"_ _2\"></span>.9<span class=\"_ _ca\"> </span><span class=\"ls9f wsbc\">1.5<span class=\"_ _ca\"> </span><span class=\"lsed wsf2\">0<span class=\"_ _1\"></span>.1<span class=\"_ _e5\"> </span><span class=\"ls7a wsa1\">5.6<span class=\"_ _383\"> </span></span></span></span><span class=\"_ _383\">Disposals and write-offs</span>2<span class=\"_ _383\"> </span>(0.8)<span class=\"_ _61\"> </span><span class=\"lsed wsf2\">(<span class=\"_ _1\"></span>0<span class=\"_ _1\"></span>.1<span class=\"_ _1\"></span>)<span class=\"_ _d0\"> </span><span class=\"ls12 wsf\">(1.<span class=\"_ _1\"></span>3)<span class=\"_ _9d\"> </span></span></span>(0.5<span class=\"_ _1\"></span>)<span class=\"_ _96\"> </span>(0.2<span class=\"_ _1\"></span>)<span class=\"_ _55\"> </span><span class=\"ls86 wsf1\">(<span class=\"_ _1\"></span>2<span class=\"_ _2\"></span>.9)<span class=\"_ _383\"> </span></span>At 31 December 2021<span class=\"_ _2ca\"> </span><span class=\"ls9f wsbc\">1.5<span class=\"_ _52\"> </span></span><span class=\"ws6e\">1.0<span class=\"_ _90\"> </span><span class=\"lsc8 wsc8\">7.<span class=\"_ _0\"></span>6<span class=\"_ _90\"> </span><span class=\"ls7a wsa1\">3.6<span class=\"_ _15c\"> </span><span class=\"ls9f wsbc\">0.<span class=\"_ _1\"></span>2<span class=\"_ _1b4\"> </span><span class=\"ls86 wsf1\">1<span class=\"_ _1\"></span>3<span class=\"_ _2\"></span>.9<span class=\"_ _383\"> </span></span></span></span></span></span>Charged in year<span class=\"_ _c0\"> </span><span class=\"ws6e\">0.2<span class=\"_ _1c2\"> </span>0.2<span class=\"_ _15c\"> </span><span class=\"ls7e ws16\">3.0<span class=\"_ _5f\"> </span><span class=\"ls14 ws11\">1.6<span class=\"_ _1c2\"> </span></span></span>0.2<span class=\"_ _1c2\"> </span><span class=\"ls7d wse2\">5.<span class=\"_ _1\"></span>2<span class=\"_ _383\"> </span></span></span><span class=\"_ _383\">Disposals and write-offs<span class=\"_ _383\"> </span></span>2<span class=\"_ _383\"> </span>\u2013 <span class=\"_ _20e\"> </span>\u2013 <span class=\"_ _4f\"> </span><span class=\"ls87 wsc6\">(1.7<span class=\"_ _2\"></span>)<span class=\"_ _5c\"> </span><span class=\"ls88 wse3\">(0.<span class=\"_ _1\"></span>3)<span class=\"_ _55\"> </span><span class=\"lsc3 wsc2\">(0<span class=\"_ _2\"></span>.1<span class=\"_ _1\"></span>)<span class=\"_ _55\"> </span>(<span class=\"_ _1\"></span>2<span class=\"_ _2\"></span>.1<span class=\"_ _1\"></span>)<span class=\"_ _383\"> </span></span></span></span>At 31 December 2022<span class=\"_ _151\"> </span><span class=\"lscd wsce\">1.7<span class=\"_ _8b\"> </span><span class=\"ls14 ws11\">1.<span class=\"_ _1\"></span>2<span class=\"_ _53\"> </span><span class=\"lsc5 wsc4\">8<span class=\"_ _1\"></span>.9<span class=\"_ _e5\"> </span>4<span class=\"_ _1\"></span>.9<span class=\"_ _15c\"> </span></span></span></span><span class=\"ws6e\">0.3<span class=\"_ _61\"> </span><span class=\"lsc4 wsc3\">1<span class=\"_ _2\"></span>7.<span class=\"_ _0\"></span>0<span class=\"_ _383\"> </span></span></span>Net book value<span class=\"_ _383\"> </span>At 31 December 2022<span class=\"_ _cd\"> </span><span class=\"ls14 ws11\">18.3<span class=\"_ _8b\"> </span>1.8<span class=\"_ _8b\"> </span><span class=\"lsc4 wsc3\">7.<span class=\"_ _0\"></span>6<span class=\"_ _e5\"> </span><span class=\"lsc5 wsc4\">8<span class=\"_ _1\"></span>.9<span class=\"_ _53\"> </span></span></span></span><span class=\"ws6e\">4.<span class=\"_ _1\"></span>3<span class=\"_ _93\"> </span><span class=\"lsc5 wsc4\">4<span class=\"_ _2\"></span>0<span class=\"_ _1\"></span>.9<span class=\"_ _383\"> </span></span></span>At 31 December 2021<span class=\"_ _24\"> </span><span class=\"ws6e\">15.0<span class=\"_ _23f\"> </span><span class=\"ls86 wsf1\">1.9<span class=\"_ _ca\"> </span><span class=\"lsc8 wsc8\">7.<span class=\"_ _0\"></span>6<span class=\"_ _52\"> </span><span class=\"lsf8 wsfd\">9.<span class=\"_ _2\"></span>6<span class=\"_ _ce\"> </span></span></span></span>1.0<span class=\"_ _d0\"> </span><span class=\"lsed wsf2\">3<span class=\"_ _2\"></span>5<span class=\"_ _1\"></span>.1<span class=\"_ _383\"> </span></span></span>1. <span class=\"_ _41\"> </span>Ad<span class=\"_ _1\"></span>dit<span class=\"_ _1\"></span>ion<span class=\"_ _1\"></span>s in<span class=\"_ _1\"></span>cl<span class=\"_ _1\"></span>ud<span class=\"_ _1\"></span>e pr<span class=\"_ _1\"></span>op<span class=\"_ _1\"></span>er<span class=\"_ _1\"></span>ty l<span class=\"_ _1\"></span>e<span class=\"_ _1\"></span>as<span class=\"_ _1\"></span>es m<span class=\"_ _1\"></span>od<span class=\"_ _1\"></span>i\ufb01<span class=\"_ _1\"></span>cat<span class=\"_ _1\"></span>io<span class=\"_ _1\"></span>ns of \u00a3<span class=\"_ _1\"></span>0.5<span class=\"_ _1\"></span>m (2021: \u00a3<span class=\"_ _1\"></span>0.4m) of right o<span class=\"_ _1\"></span>f us<span class=\"_ _1\"></span>e as<span class=\"_ _1\"></span>se<span class=\"_ _1\"></span>ts<span class=\"_ _1\"></span>.<span class=\"_ _383\"> </span>2. <span class=\"_ _34\"> </span> <span class=\"_ _7\"></span>In 2022<span class=\"_ _1\"></span>, the G<span class=\"_ _1\"></span>ro<span class=\"_ _1\"></span>up w<span class=\"_ _1\"></span>rot<span class=\"_ _1\"></span><span class=\"_ _383\">e off fu</span><span class=\"_ _1\"></span>lly d<span class=\"_ _1\"></span>ep<span class=\"_ _1\"></span>re<span class=\"_ _1\"></span>ci<span class=\"_ _1\"></span>ate<span class=\"_ _1\"></span>d a<span class=\"_ _1\"></span>ss<span class=\"_ _1\"></span>et<span class=\"_ _1\"></span>s of \u00a3<span class=\"_ _1\"></span>2.1m. Dur<span class=\"_ _1\"></span>in<span class=\"_ _1\"></span>g 2021 t<span class=\"_ _1\"></span>he G<span class=\"_ _1\"></span>ro<span class=\"_ _1\"></span>up di<span class=\"_ _1\"></span>sp<span class=\"_ _1\"></span>os<span class=\"_ _1\"></span>e<span class=\"_ _1\"></span>d of a pr<span class=\"_ _1\"></span>op<span class=\"_ _1\"></span>e<span class=\"_ _1\"></span>rt<span class=\"_ _1\"></span>y for p<span class=\"_ _1\"></span>ro<span class=\"_ _1\"></span>ce<span class=\"_ _1\"></span>e<span class=\"_ _1\"></span>ds o<span class=\"_ _1\"></span>f \u00a32.<span class=\"_ _1\"></span>0m an<span class=\"_ _1\"></span>d w<span class=\"_ _1\"></span>rote o<span class=\"_ _1\"></span><span class=\"_ _383\">ff ful</span><span class=\"_ _1\"></span>ly d<span class=\"_ _1\"></span>ep<span class=\"_ _1\"></span>re<span class=\"_ _1\"></span>ci<span class=\"_ _1\"></span>ate<span class=\"_ _1\"></span>d as<span class=\"_ _1\"></span>se<span class=\"_ _1\"></span>ts of \u00a3<span class=\"_ _1\"></span>2.9m.<span class=\"_ _383\"> </span>3. <span class=\"_ _34\"> </span>202<span class=\"_ _1\"></span>1 in<span class=\"_ _1\"></span>cl<span class=\"_ _1\"></span>ud<span class=\"_ _1\"></span>es \u00a3<span class=\"_ _1\"></span>0.6<span class=\"_ _1\"></span>m of im<span class=\"_ _1\"></span>pa<span class=\"_ _1\"></span>irm<span class=\"_ _1\"></span>e<span class=\"_ _1\"></span>nt on p<span class=\"_ _1\"></span>ro<span class=\"_ _1\"></span>pe<span class=\"_ _1\"></span>r<span class=\"_ _1\"></span>ty so<span class=\"_ _1\"></span>l<span class=\"_ _1\"></span>d dur<span class=\"_ _1\"></span>ing t<span class=\"_ _1\"></span>he y<span class=\"_ _1\"></span>ea<span class=\"_ _1\"></span>r wh<span class=\"_ _1\"></span>ic<span class=\"_ _1\"></span>h is in<span class=\"_ _1\"></span>cl<span class=\"_ _1\"></span>ud<span class=\"_ _1\"></span>ed i<span class=\"_ _1\"></span>n not<span class=\"_ _1\"></span>e 12 Int<span class=\"_ _1\"></span>eg<span class=\"_ _1\"></span>rat<span class=\"_ _1\"></span>ion c<span class=\"_ _1\"></span>os<span class=\"_ _1\"></span>t<span class=\"_ _1\"></span>s.<span class=\"_ _383\"> </span>",
   "dimensions": {
    "concept": "ifrs-full:DisclosureOfPropertyPlantAndEquipmentExplanatory",
    "language": "en",
    "entity": "scheme:213800ZBKL9BHSL2K459",
    "period": "2022-01-01T00:00:00/2023-01-01T00:00:00"
   }
  },
  "fact-575": {
   "value": "<span class=\"_ _383\">30.\u2002Intang</span><span class=\"_ _1\"></span>ible a<span class=\"_ _1\"></span>sse<span class=\"_ _1\"></span>ts<span class=\"_ _383\"> </span>Development costs<span class=\"_ _383\"> </span>\u00a3m<span class=\"_ _383\"> </span>Computer software and licences<span class=\"_ _383\"> </span>\u00a3m<span class=\"_ _383\"> </span>Assets arising on Combination2<span class=\"_ _383\"> </span>\u00a3m<span class=\"_ _383\"> </span>To<span class=\"_ _1\"></span>t<span class=\"_ _2\"></span>a<span class=\"_ _1\"></span>l<span class=\"_ _383\"> </span>\u00a3m<span class=\"_ _383\"> </span>Cost<span class=\"_ _383\"> </span>At 1 January 2<span class=\"_ _6\"></span>021<span class=\"_ _2cb\"> </span><span class=\"ls2\">2.3<span class=\"_ _37\"> </span><span class=\"lscc wscd\">16<span class=\"_ _1\"></span>.7<span class=\"_ _55\"> </span><span class=\"ls54 ws55\">23.6<span class=\"_ _55\"> </span><span class=\"ls7c wsd0\">42<span class=\"_ _1\"></span>.<span class=\"_ _1\"></span>6<span class=\"_ _383\"> </span></span></span></span></span>Additions<span class=\"_ _2cc\"> </span><span class=\"lsd7 wsd7\">1<span class=\"_ _1\"></span>.4<span class=\"_ _e5\"> </span><span class=\"ls2 ws2\">2.8<span class=\"_ _d9\"> </span>\u2013<span class=\"_ _53\"> </span><span class=\"ls88 wse3\">4.<span class=\"_ _1\"></span>2<span class=\"_ _383\"> </span></span></span></span><span class=\"_ _383\">Disposals and write-offs</span>1<span class=\"_ _383\"> </span>\u2013<span class=\"_ _37\"> </span><span class=\"lscc wscd\">(3.<span class=\"_ _1\"></span>5<span class=\"_ _1\"></span>)<span class=\"_ _9d\"> </span>(0.<span class=\"_ _1\"></span>2<span class=\"_ _1\"></span>)<span class=\"_ _96\"> </span>(3<span class=\"_ _1\"></span>.7<span class=\"_ _2\"></span>)<span class=\"_ _383\"> </span></span>At 31 December 2021<span class=\"_ _2cd\"> </span><span class=\"lse3 wse7\">3.7<span class=\"_ _61\"> </span><span class=\"lscc wscd\">16.0<span class=\"_ _254\"> </span><span class=\"lsd7 wsd7\">2<span class=\"_ _2\"></span>3<span class=\"_ _1\"></span>.4<span class=\"_ _1b4\"> </span><span class=\"lsed wsf2\">4<span class=\"_ _1\"></span>3<span class=\"_ _2\"></span>.1<span class=\"_ _383\"> </span></span></span></span></span>Additions<span class=\"_ _258\"> </span><span class=\"lsc3 wsc2\">0<span class=\"_ _1\"></span>.1<span class=\"_ _52\"> </span><span class=\"lscd wsce\">1.7<span class=\"_ _1cc\"> </span><span class=\"ls2 ws2\">\u2013<span class=\"_ _8b\"> </span><span class=\"ls14 ws11\">1.8<span class=\"_ _383\"> </span></span></span></span></span><span class=\"_ _383\">Disposals and write-offs<span class=\"_ _383\"> </span></span>1<span class=\"_ _383\"> </span>\u2013<span class=\"_ _9c\"> </span><span class=\"ls88 wse3\">(3<span class=\"_ _1\"></span>.6)<span class=\"_ _254\"> </span><span class=\"lsc5 wsc4\">(<span class=\"_ _1\"></span>1<span class=\"_ _1\"></span>.9<span class=\"_ _1\"></span>)<span class=\"_ _2ab\"> </span><span class=\"ls6f ws75\">(5.5<span class=\"_ _1\"></span>)<span class=\"_ _383\"> </span></span></span></span>At 31 December 2022<span class=\"_ _2ce\"> </span><span class=\"lsd3 ws86\">3.8<span class=\"_ _37\"> </span><span class=\"lsc3 wsc2\">1<span class=\"_ _1\"></span>4<span class=\"_ _1\"></span>.1<span class=\"_ _4f\"> </span><span class=\"ls6f ws75\">21.5<span class=\"_ _96\"> </span><span class=\"lsc6 wsc5\">3<span class=\"_ _1\"></span>9.<span class=\"_ _1\"></span>4<span class=\"_ _383\"> </span></span></span></span></span>Amortisation<span class=\"_ _383\"> </span>At 1 January 2<span class=\"_ _6\"></span>021<span class=\"_ _2b\"> </span><span class=\"lsed wsf2\">0.1<span class=\"_ _5e\"> </span><span class=\"lsf8 wsfd\">9.<span class=\"_ _1\"></span>1<span class=\"_ _37\"> </span><span class=\"ls12 wsf\">12<span class=\"_ _1\"></span>.8<span class=\"_ _55\"> </span></span></span></span><span class=\"ws6e\">22.0<span class=\"_ _383\"> </span></span>Charged in year<span class=\"_ _1db\"> </span><span class=\"ls9f wsbc\">0.5<span class=\"_ _53\"> </span><span class=\"ls2c ws29\">3.<span class=\"_ _1\"></span>2<span class=\"_ _15e\"> </span><span class=\"ls7a wsa1\">5.8<span class=\"_ _8b\"> </span><span class=\"lsf8 wsfd\">9.<span class=\"_ _2\"></span>5<span class=\"_ _383\"> </span></span></span></span></span>Impairment in the year<span class=\"_ _23c\"> </span><span class=\"ls2\">\u2013<span class=\"_ _d9\"> </span>\u2013<span class=\"_ _15c\"> </span><span class=\"lsed wsf2\">(3<span class=\"_ _2\"></span>.1<span class=\"_ _1\"></span>)<span class=\"_ _d0\"> </span>(<span class=\"_ _1\"></span>3<span class=\"_ _1\"></span>.1<span class=\"_ _2\"></span>)<span class=\"_ _383\"> </span></span></span><span class=\"_ _383\">Disposals and write-offs</span>1<span class=\"_ _383\"> </span>\u2013<span class=\"_ _37\"> </span><span class=\"lscc wscd\">(3.<span class=\"_ _1\"></span>5<span class=\"_ _1\"></span>)<span class=\"_ _9d\"> </span>(0.<span class=\"_ _1\"></span>2<span class=\"_ _1\"></span>)<span class=\"_ _96\"> </span>(3<span class=\"_ _1\"></span>.7<span class=\"_ _2\"></span>)<span class=\"_ _383\"> </span></span>At 31 December 2021<span class=\"_ _23c\"> </span><span class=\"ls9f wsbc\">0.6<span class=\"_ _53\"> </span><span class=\"lsd3 ws86\">8.8<span class=\"_ _d0\"> </span></span>15.3<span class=\"_ _4f\"> </span><span class=\"ls88 wse3\">24.<span class=\"_ _1\"></span>7<span class=\"_ _383\"> </span></span></span>Charged in year<span class=\"_ _25d\"> </span><span class=\"ws6e\">0.7<span class=\"_ _1c2\"> </span><span class=\"ls2c ws29\">3.2<span class=\"_ _1c2\"> </span></span>4.<span class=\"_ _1\"></span>3<span class=\"_ _1c2\"> </span><span class=\"ls1f ws1c\">8.2<span class=\"_ _383\"> </span></span></span><span class=\"_ _383\">Disposals and write-offs<span class=\"_ _383\"> </span></span>1<span class=\"_ _383\"> </span>\u2013<span class=\"_ _9c\"> </span><span class=\"ls88 wse3\">(3<span class=\"_ _1\"></span>.6)<span class=\"_ _254\"> </span><span class=\"lsc5 wsc4\">(<span class=\"_ _1\"></span>1<span class=\"_ _1\"></span>.9<span class=\"_ _1\"></span>)<span class=\"_ _2ab\"> </span><span class=\"ls6f ws75\">(5.5<span class=\"_ _1\"></span>)<span class=\"_ _383\"> </span></span></span></span>At 31 December 2022<span class=\"_ _252\"> </span><span class=\"ls14 ws11\">1.3<span class=\"_ _15c\"> </span><span class=\"ls81 wsdf\">8<span class=\"_ _1\"></span>.4<span class=\"_ _1b4\"> </span><span class=\"lsc4 wsc3\">1<span class=\"_ _2\"></span>7.<span class=\"_ _0\"></span>7<span class=\"_ _4f\"> </span>2<span class=\"_ _0\"></span>7.<span class=\"_ _2\"></span>4<span class=\"_ _383\"> </span></span></span></span>Net book value<span class=\"_ _2cf\"> </span><span class=\"ls2\"> <span class=\"_ _11a\"> </span> <span class=\"_ _11a\"> </span> <span class=\"_ _21a\"> </span> </span>At 31 December 2022<span class=\"_ _2ce\"> </span><span class=\"ls6f ws75\">2.5<span class=\"_ _53\"> </span><span class=\"lscd wsce\">5.7<span class=\"_ _1c2\"> </span><span class=\"lsd3 ws86\">3.8<span class=\"_ _55\"> </span><span class=\"ls7e ws16\">12.0<span class=\"_ _383\"> </span></span></span></span></span>At 31 December 2021<span class=\"_ _25b\"> </span><span class=\"lsed wsf2\">3<span class=\"_ _2\"></span>.1<span class=\"_ _52\"> </span><span class=\"lsc8 wsc8\">7.<span class=\"_ _0\"></span>2<span class=\"_ _5e\"> </span></span>8<span class=\"_ _1\"></span>.1<span class=\"_ _1b4\"> </span><span class=\"lsd7 wsd7\">1<span class=\"_ _1\"></span>8<span class=\"_ _1\"></span>.4<span class=\"_ _383\"> </span></span></span>1. <span class=\"_ _41\"> </span>Du<span class=\"_ _1\"></span>rin<span class=\"_ _1\"></span>g th<span class=\"_ _1\"></span>e ye<span class=\"_ _1\"></span>ar t<span class=\"_ _1\"></span>he G<span class=\"_ _1\"></span>rou<span class=\"_ _1\"></span>p wr<span class=\"_ _1\"></span><span class=\"_ _383\">ote off f</span><span class=\"_ _1\"></span>ul<span class=\"_ _1\"></span>ly am<span class=\"_ _1\"></span>or<span class=\"_ _1\"></span>ti<span class=\"_ _1\"></span>se<span class=\"_ _1\"></span>d a<span class=\"_ _1\"></span>ss<span class=\"_ _1\"></span>et<span class=\"_ _1\"></span>s.<span class=\"_ _383\"> </span>2. <span class=\"_ _34\"> </span> <span class=\"_ _7\"></span>Ass<span class=\"_ _1\"></span>et<span class=\"_ _1\"></span>s ar<span class=\"_ _1\"></span>isi<span class=\"_ _1\"></span>ng o<span class=\"_ _1\"></span>n Co<span class=\"_ _1\"></span>mb<span class=\"_ _1\"></span>in<span class=\"_ _1\"></span>atio<span class=\"_ _1\"></span>n c<span class=\"_ _1\"></span>omp<span class=\"_ _1\"></span>ri<span class=\"_ _1\"></span>se b<span class=\"_ _1\"></span>ro<span class=\"_ _1\"></span>ker re<span class=\"_ _1\"></span>la<span class=\"_ _1\"></span>tio<span class=\"_ _1\"></span>ns<span class=\"_ _1\"></span>hi<span class=\"_ _1\"></span>ps of \u00a3<span class=\"_ _1\"></span>2.0<span class=\"_ _1\"></span>m (2021: \u00a3<span class=\"_ _1\"></span>5.0<span class=\"_ _1\"></span>m), tech<span class=\"_ _1\"></span>no<span class=\"_ _1\"></span>lo<span class=\"_ _1\"></span>gy o<span class=\"_ _1\"></span>f \u00a30.4m (2021: \u00a3<span class=\"_ _1\"></span>1.9m), brand n<span class=\"_ _1\"></span>am<span class=\"_ _1\"></span>e of \u00a3<span class=\"_ _1\"></span>0.3<span class=\"_ _1\"></span>m (2021: \u00a3<span class=\"_ _1\"></span>0.8<span class=\"_ _1\"></span>m) and ba<span class=\"_ _1\"></span>nki<span class=\"_ _1\"></span>ng li<span class=\"_ _1\"></span>ce<span class=\"_ _1\"></span>nc<span class=\"_ _1\"></span>e of n<span class=\"_ _1\"></span>il (202<span class=\"_ _1\"></span>1: \u00a30.4m). The c<span class=\"_ _1\"></span>arr<span class=\"_ _1\"></span>yin<span class=\"_ _1\"></span>g val<span class=\"_ _1\"></span>ue o<span class=\"_ _1\"></span>f the i<span class=\"_ _1\"></span>nta<span class=\"_ _1\"></span>ngi<span class=\"_ _1\"></span>bl<span class=\"_ _1\"></span>e as<span class=\"_ _1\"></span>se<span class=\"_ _1\"></span>ts a<span class=\"_ _1\"></span>re r<span class=\"_ _1\"></span>evi<span class=\"_ _1\"></span>ew<span class=\"_ _1\"></span>ed e<span class=\"_ _1\"></span>ac<span class=\"_ _1\"></span>h re<span class=\"_ _1\"></span>p<span class=\"_ _1\"></span>or<span class=\"_ _1\"></span>ti<span class=\"_ _1\"></span>ng p<span class=\"_ _1\"></span>er<span class=\"_ _1\"></span>io<span class=\"_ _1\"></span>d, no i<span class=\"_ _1\"></span>mp<span class=\"_ _1\"></span>ai<span class=\"_ _1\"></span>rme<span class=\"_ _1\"></span>nt r<span class=\"_ _1\"></span>eve<span class=\"_ _1\"></span>rs<span class=\"_ _1\"></span>al (202<span class=\"_ _1\"></span>1: \u00a33<span class=\"_ _1\"></span>.1m impa<span class=\"_ _1\"></span>irm<span class=\"_ _1\"></span>e<span class=\"_ _1\"></span>nt reve<span class=\"_ _1\"></span>r<span class=\"_ _1\"></span>sal<span class=\"_ _1\"></span>) wa<span class=\"_ _1\"></span>s re<span class=\"_ _1\"></span>c<span class=\"_ _1\"></span>og<span class=\"_ _1\"></span>nis<span class=\"_ _1\"></span>e<span class=\"_ _1\"></span>d in re<span class=\"_ _1\"></span>la<span class=\"_ _1\"></span>tio<span class=\"_ _1\"></span>n to b<span class=\"_ _1\"></span>roke<span class=\"_ _1\"></span>r re<span class=\"_ _1\"></span>la<span class=\"_ _1\"></span>tio<span class=\"_ _1\"></span>ns<span class=\"_ _1\"></span>hip<span class=\"_ _1\"></span>s du<span class=\"_ _1\"></span>e to l<span class=\"_ _1\"></span>es<span class=\"_ _1\"></span>s se<span class=\"_ _1\"></span>ver<span class=\"_ _1\"></span>e im<span class=\"_ _1\"></span>pa<span class=\"_ _1\"></span>ct<span class=\"_ _1\"></span>s of th<span class=\"_ _1\"></span>e COV<span class=\"_ _1\"></span>ID<span class=\"_ _1\"></span>-19 pan<span class=\"_ _1\"></span>de<span class=\"_ _1\"></span>mi<span class=\"_ _1\"></span>c th<span class=\"_ _1\"></span>an or<span class=\"_ _1\"></span>igi<span class=\"_ _1\"></span>na<span class=\"_ _1\"></span>lly e<span class=\"_ _1\"></span>s<span class=\"_ _1\"></span>tim<span class=\"_ _1\"></span>ate<span class=\"_ _1\"></span>d.<span class=\"_ _383\"> </span>The Director<span class=\"_ _6\"></span>s have considered the carrying v<span class=\"_ _6\"></span>alue of intangible asset<span class=\"_ _6\"></span>s and determined that there ar<span class=\"_ _6\"></span>e no indications of impairment at the year end.<span class=\"_ _383\"> </span>",
   "dimensions": {
    "concept": "ifrs-full:DisclosureOfIntangibleAssetsExplanatory",
    "language": "en",
    "entity": "scheme:213800ZBKL9BHSL2K459",
    "period": "2022-01-01T00:00:00/2023-01-01T00:00:00"
   }
  },
  "fact-527": {
   "value": "<span class=\"_ _383\">30.\u2002Intang</span><span class=\"_ _1\"></span>ible a<span class=\"_ _1\"></span>sse<span class=\"_ _1\"></span>ts<span class=\"_ _383\"> </span>Development costs<span class=\"_ _383\"> </span>\u00a3m<span class=\"_ _383\"> </span>Computer software and licences<span class=\"_ _383\"> </span>\u00a3m<span class=\"_ _383\"> </span>Assets arising on Combination2<span class=\"_ _383\"> </span>\u00a3m<span class=\"_ _383\"> </span>To<span class=\"_ _1\"></span>t<span class=\"_ _2\"></span>a<span class=\"_ _1\"></span>l<span class=\"_ _383\"> </span>\u00a3m<span class=\"_ _383\"> </span>Cost<span class=\"_ _383\"> </span>At 1 January 2<span class=\"_ _6\"></span>021<span class=\"_ _2cb\"> </span><span class=\"ls2\">2.3<span class=\"_ _37\"> </span><span class=\"lscc wscd\">16<span class=\"_ _1\"></span>.7<span class=\"_ _55\"> </span><span class=\"ls54 ws55\">23.6<span class=\"_ _55\"> </span><span class=\"ls7c wsd0\">42<span class=\"_ _1\"></span>.<span class=\"_ _1\"></span>6<span class=\"_ _383\"> </span></span></span></span></span>Additions<span class=\"_ _2cc\"> </span><span class=\"lsd7 wsd7\">1<span class=\"_ _1\"></span>.4<span class=\"_ _e5\"> </span><span class=\"ls2 ws2\">2.8<span class=\"_ _d9\"> </span>\u2013<span class=\"_ _53\"> </span><span class=\"ls88 wse3\">4.<span class=\"_ _1\"></span>2<span class=\"_ _383\"> </span></span></span></span><span class=\"_ _383\">Disposals and write-offs</span>1<span class=\"_ _383\"> </span>\u2013<span class=\"_ _37\"> </span><span class=\"lscc wscd\">(3.<span class=\"_ _1\"></span>5<span class=\"_ _1\"></span>)<span class=\"_ _9d\"> </span>(0.<span class=\"_ _1\"></span>2<span class=\"_ _1\"></span>)<span class=\"_ _96\"> </span>(3<span class=\"_ _1\"></span>.7<span class=\"_ _2\"></span>)<span class=\"_ _383\"> </span></span>At 31 December 2021<span class=\"_ _2cd\"> </span><span class=\"lse3 wse7\">3.7<span class=\"_ _61\"> </span><span class=\"lscc wscd\">16.0<span class=\"_ _254\"> </span><span class=\"lsd7 wsd7\">2<span class=\"_ _2\"></span>3<span class=\"_ _1\"></span>.4<span class=\"_ _1b4\"> </span><span class=\"lsed wsf2\">4<span class=\"_ _1\"></span>3<span class=\"_ _2\"></span>.1<span class=\"_ _383\"> </span></span></span></span></span>Additions<span class=\"_ _258\"> </span><span class=\"lsc3 wsc2\">0<span class=\"_ _1\"></span>.1<span class=\"_ _52\"> </span><span class=\"lscd wsce\">1.7<span class=\"_ _1cc\"> </span><span class=\"ls2 ws2\">\u2013<span class=\"_ _8b\"> </span><span class=\"ls14 ws11\">1.8<span class=\"_ _383\"> </span></span></span></span></span><span class=\"_ _383\">Disposals and write-offs<span class=\"_ _383\"> </span></span>1<span class=\"_ _383\"> </span>\u2013<span class=\"_ _9c\"> </span><span class=\"ls88 wse3\">(3<span class=\"_ _1\"></span>.6)<span class=\"_ _254\"> </span><span class=\"lsc5 wsc4\">(<span class=\"_ _1\"></span>1<span class=\"_ _1\"></span>.9<span class=\"_ _1\"></span>)<span class=\"_ _2ab\"> </span><span class=\"ls6f ws75\">(5.5<span class=\"_ _1\"></span>)<span class=\"_ _383\"> </span></span></span></span>At 31 December 2022<span class=\"_ _2ce\"> </span><span class=\"lsd3 ws86\">3.8<span class=\"_ _37\"> </span><span class=\"lsc3 wsc2\">1<span class=\"_ _1\"></span>4<span class=\"_ _1\"></span>.1<span class=\"_ _4f\"> </span><span class=\"ls6f ws75\">21.5<span class=\"_ _96\"> </span><span class=\"lsc6 wsc5\">3<span class=\"_ _1\"></span>9.<span class=\"_ _1\"></span>4<span class=\"_ _383\"> </span></span></span></span></span>Amortisation<span class=\"_ _383\"> </span>At 1 January 2<span class=\"_ _6\"></span>021<span class=\"_ _2b\"> </span><span class=\"lsed wsf2\">0.1<span class=\"_ _5e\"> </span><span class=\"lsf8 wsfd\">9.<span class=\"_ _1\"></span>1<span class=\"_ _37\"> </span><span class=\"ls12 wsf\">12<span class=\"_ _1\"></span>.8<span class=\"_ _55\"> </span></span></span></span><span class=\"ws6e\">22.0<span class=\"_ _383\"> </span></span>Charged in year<span class=\"_ _1db\"> </span><span class=\"ls9f wsbc\">0.5<span class=\"_ _53\"> </span><span class=\"ls2c ws29\">3.<span class=\"_ _1\"></span>2<span class=\"_ _15e\"> </span><span class=\"ls7a wsa1\">5.8<span class=\"_ _8b\"> </span><span class=\"lsf8 wsfd\">9.<span class=\"_ _2\"></span>5<span class=\"_ _383\"> </span></span></span></span></span>Impairment in the year<span class=\"_ _23c\"> </span><span class=\"ls2\">\u2013<span class=\"_ _d9\"> </span>\u2013<span class=\"_ _15c\"> </span><span class=\"lsed wsf2\">(3<span class=\"_ _2\"></span>.1<span class=\"_ _1\"></span>)<span class=\"_ _d0\"> </span>(<span class=\"_ _1\"></span>3<span class=\"_ _1\"></span>.1<span class=\"_ _2\"></span>)<span class=\"_ _383\"> </span></span></span><span class=\"_ _383\">Disposals and write-offs</span>1<span class=\"_ _383\"> </span>\u2013<span class=\"_ _37\"> </span><span class=\"lscc wscd\">(3.<span class=\"_ _1\"></span>5<span class=\"_ _1\"></span>)<span class=\"_ _9d\"> </span>(0.<span class=\"_ _1\"></span>2<span class=\"_ _1\"></span>)<span class=\"_ _96\"> </span>(3<span class=\"_ _1\"></span>.7<span class=\"_ _2\"></span>)<span class=\"_ _383\"> </span></span>At 31 December 2021<span class=\"_ _23c\"> </span><span class=\"ls9f wsbc\">0.6<span class=\"_ _53\"> </span><span class=\"lsd3 ws86\">8.8<span class=\"_ _d0\"> </span></span>15.3<span class=\"_ _4f\"> </span><span class=\"ls88 wse3\">24.<span class=\"_ _1\"></span>7<span class=\"_ _383\"> </span></span></span>Charged in year<span class=\"_ _25d\"> </span><span class=\"ws6e\">0.7<span class=\"_ _1c2\"> </span><span class=\"ls2c ws29\">3.2<span class=\"_ _1c2\"> </span></span>4.<span class=\"_ _1\"></span>3<span class=\"_ _1c2\"> </span><span class=\"ls1f ws1c\">8.2<span class=\"_ _383\"> </span></span></span><span class=\"_ _383\">Disposals and write-offs<span class=\"_ _383\"> </span></span>1<span class=\"_ _383\"> </span>\u2013<span class=\"_ _9c\"> </span><span class=\"ls88 wse3\">(3<span class=\"_ _1\"></span>.6)<span class=\"_ _254\"> </span><span class=\"lsc5 wsc4\">(<span class=\"_ _1\"></span>1<span class=\"_ _1\"></span>.9<span class=\"_ _1\"></span>)<span class=\"_ _2ab\"> </span><span class=\"ls6f ws75\">(5.5<span class=\"_ _1\"></span>)<span class=\"_ _383\"> </span></span></span></span>At 31 December 2022<span class=\"_ _252\"> </span><span class=\"ls14 ws11\">1.3<span class=\"_ _15c\"> </span><span class=\"ls81 wsdf\">8<span class=\"_ _1\"></span>.4<span class=\"_ _1b4\"> </span><span class=\"lsc4 wsc3\">1<span class=\"_ _2\"></span>7.<span class=\"_ _0\"></span>7<span class=\"_ _4f\"> </span>2<span class=\"_ _0\"></span>7.<span class=\"_ _2\"></span>4<span class=\"_ _383\"> </span></span></span></span>Net book value<span class=\"_ _2cf\"> </span><span class=\"ls2\"> <span class=\"_ _11a\"> </span> <span class=\"_ _11a\"> </span> <span class=\"_ _21a\"> </span> </span>At 31 December 2022<span class=\"_ _2ce\"> </span><span class=\"ls6f ws75\">2.5<span class=\"_ _53\"> </span><span class=\"lscd wsce\">5.7<span class=\"_ _1c2\"> </span><span class=\"lsd3 ws86\">3.8<span class=\"_ _55\"> </span><span class=\"ls7e ws16\">12.0<span class=\"_ _383\"> </span></span></span></span></span>At 31 December 2021<span class=\"_ _25b\"> </span><span class=\"lsed wsf2\">3<span class=\"_ _2\"></span>.1<span class=\"_ _52\"> </span><span class=\"lsc8 wsc8\">7.<span class=\"_ _0\"></span>2<span class=\"_ _5e\"> </span></span>8<span class=\"_ _1\"></span>.1<span class=\"_ _1b4\"> </span><span class=\"lsd7 wsd7\">1<span class=\"_ _1\"></span>8<span class=\"_ _1\"></span>.4<span class=\"_ _383\"> </span></span></span>1. <span class=\"_ _41\"> </span>Du<span class=\"_ _1\"></span>rin<span class=\"_ _1\"></span>g th<span class=\"_ _1\"></span>e ye<span class=\"_ _1\"></span>ar t<span class=\"_ _1\"></span>he G<span class=\"_ _1\"></span>rou<span class=\"_ _1\"></span>p wr<span class=\"_ _1\"></span><span class=\"_ _383\">ote off f</span><span class=\"_ _1\"></span>ul<span class=\"_ _1\"></span>ly am<span class=\"_ _1\"></span>or<span class=\"_ _1\"></span>ti<span class=\"_ _1\"></span>se<span class=\"_ _1\"></span>d a<span class=\"_ _1\"></span>ss<span class=\"_ _1\"></span>et<span class=\"_ _1\"></span>s.<span class=\"_ _383\"> </span>2. <span class=\"_ _34\"> </span> <span class=\"_ _7\"></span>Ass<span class=\"_ _1\"></span>et<span class=\"_ _1\"></span>s ar<span class=\"_ _1\"></span>isi<span class=\"_ _1\"></span>ng o<span class=\"_ _1\"></span>n Co<span class=\"_ _1\"></span>mb<span class=\"_ _1\"></span>in<span class=\"_ _1\"></span>atio<span class=\"_ _1\"></span>n c<span class=\"_ _1\"></span>omp<span class=\"_ _1\"></span>ri<span class=\"_ _1\"></span>se b<span class=\"_ _1\"></span>ro<span class=\"_ _1\"></span>ker re<span class=\"_ _1\"></span>la<span class=\"_ _1\"></span>tio<span class=\"_ _1\"></span>ns<span class=\"_ _1\"></span>hi<span class=\"_ _1\"></span>ps of \u00a3<span class=\"_ _1\"></span>2.0<span class=\"_ _1\"></span>m (2021: \u00a3<span class=\"_ _1\"></span>5.0<span class=\"_ _1\"></span>m), tech<span class=\"_ _1\"></span>no<span class=\"_ _1\"></span>lo<span class=\"_ _1\"></span>gy o<span class=\"_ _1\"></span>f \u00a30.4m (2021: \u00a3<span class=\"_ _1\"></span>1.9m), brand n<span class=\"_ _1\"></span>am<span class=\"_ _1\"></span>e of \u00a3<span class=\"_ _1\"></span>0.3<span class=\"_ _1\"></span>m (2021: \u00a3<span class=\"_ _1\"></span>0.8<span class=\"_ _1\"></span>m) and ba<span class=\"_ _1\"></span>nki<span class=\"_ _1\"></span>ng li<span class=\"_ _1\"></span>ce<span class=\"_ _1\"></span>nc<span class=\"_ _1\"></span>e of n<span class=\"_ _1\"></span>il (202<span class=\"_ _1\"></span>1: \u00a30.4m). The c<span class=\"_ _1\"></span>arr<span class=\"_ _1\"></span>yin<span class=\"_ _1\"></span>g val<span class=\"_ _1\"></span>ue o<span class=\"_ _1\"></span>f the i<span class=\"_ _1\"></span>nta<span class=\"_ _1\"></span>ngi<span class=\"_ _1\"></span>bl<span class=\"_ _1\"></span>e as<span class=\"_ _1\"></span>se<span class=\"_ _1\"></span>ts a<span class=\"_ _1\"></span>re r<span class=\"_ _1\"></span>evi<span class=\"_ _1\"></span>ew<span class=\"_ _1\"></span>ed e<span class=\"_ _1\"></span>ac<span class=\"_ _1\"></span>h re<span class=\"_ _1\"></span>p<span class=\"_ _1\"></span>or<span class=\"_ _1\"></span>ti<span class=\"_ _1\"></span>ng p<span class=\"_ _1\"></span>er<span class=\"_ _1\"></span>io<span class=\"_ _1\"></span>d, no i<span class=\"_ _1\"></span>mp<span class=\"_ _1\"></span>ai<span class=\"_ _1\"></span>rme<span class=\"_ _1\"></span>nt r<span class=\"_ _1\"></span>eve<span class=\"_ _1\"></span>rs<span class=\"_ _1\"></span>al (202<span class=\"_ _1\"></span>1: \u00a33<span class=\"_ _1\"></span>.1m impa<span class=\"_ _1\"></span>irm<span class=\"_ _1\"></span>e<span class=\"_ _1\"></span>nt reve<span class=\"_ _1\"></span>r<span class=\"_ _1\"></span>sal<span class=\"_ _1\"></span>) wa<span class=\"_ _1\"></span>s re<span class=\"_ _1\"></span>c<span class=\"_ _1\"></span>og<span class=\"_ _1\"></span>nis<span class=\"_ _1\"></span>e<span class=\"_ _1\"></span>d in re<span class=\"_ _1\"></span>la<span class=\"_ _1\"></span>tio<span class=\"_ _1\"></span>n to b<span class=\"_ _1\"></span>roke<span class=\"_ _1\"></span>r re<span class=\"_ _1\"></span>la<span class=\"_ _1\"></span>tio<span class=\"_ _1\"></span>ns<span class=\"_ _1\"></span>hip<span class=\"_ _1\"></span>s du<span class=\"_ _1\"></span>e to l<span class=\"_ _1\"></span>es<span class=\"_ _1\"></span>s se<span class=\"_ _1\"></span>ver<span class=\"_ _1\"></span>e im<span class=\"_ _1\"></span>pa<span class=\"_ _1\"></span>ct<span class=\"_ _1\"></span>s of th<span class=\"_ _1\"></span>e COV<span class=\"_ _1\"></span>ID<span class=\"_ _1\"></span>-19 pan<span class=\"_ _1\"></span>de<span class=\"_ _1\"></span>mi<span class=\"_ _1\"></span>c th<span class=\"_ _1\"></span>an or<span class=\"_ _1\"></span>igi<span class=\"_ _1\"></span>na<span class=\"_ _1\"></span>lly e<span class=\"_ _1\"></span>s<span class=\"_ _1\"></span>tim<span class=\"_ _1\"></span>ate<span class=\"_ _1\"></span>d.<span class=\"_ _383\"> </span>The Director<span class=\"_ _6\"></span>s have considered the carrying v<span class=\"_ _6\"></span>alue of intangible asset<span class=\"_ _6\"></span>s and determined that there ar<span class=\"_ _6\"></span>e no indications of impairment at the year end.<span class=\"_ _383\"> </span>",
   "dimensions": {
    "concept": "ifrs-full:DisclosureOfIntangibleAssetsAndGoodwillExplanatory",
    "language": "en",
    "entity": "scheme:213800ZBKL9BHSL2K459",
    "period": "2022-01-01T00:00:00/2023-01-01T00:00:00"
   }
  },
  "fact-576": {
   "value": "<span class=\"_ _383\">31.\u2002Amount</span><span class=\"_ _1\"></span>s owed to c<span class=\"_ _1\"></span>re<span class=\"_ _1\"></span>dit ins<span class=\"_ _1\"></span>titutio<span class=\"_ _1\"></span>ns<span class=\"_ _383\"> </span>2022<span class=\"_ _383\"> </span>\u00a3m<span class=\"_ _383\"> </span>2021<span class=\"_ _383\"> </span>\u00a3m<span class=\"_ _383\"> </span>BoE TFSME<span class=\"_ _2d0\"> </span><span class=\"ff2 ls7e ws16\">4,<span class=\"_ _1\"></span>232<span class=\"_ _1\"></span>.0<span class=\"_ _8e\"> </span></span><span class=\"lsed wsf2\">4<span class=\"_ _1\"></span>,<span class=\"_ _2\"></span>2<span class=\"_ _1\"></span>0<span class=\"_ _1\"></span>3<span class=\"_ _2\"></span>.1<span class=\"_ _383\"> </span></span>BoE IL<span class=\"_ _8\"></span>TR<span class=\"_ _2d1\"> </span><span class=\"ff2 lsc5 wsc4\">3<span class=\"_ _1\"></span>0<span class=\"_ _2\"></span>0<span class=\"_ _1\"></span>.9<span class=\"_ _d9\"> </span></span><span class=\"ls2\">\u2013 </span>Cash collateral and mar<span class=\"_ _6\"></span>gin received<span class=\"_ _68\"> </span><span class=\"ff2 lsc6 wsc5\">5<span class=\"_ _1\"></span>4<span class=\"_ _2\"></span>9.<span class=\"_ _2\"></span>7<span class=\"_ _9d\"> </span></span><span class=\"lsd7 wsd7\">1<span class=\"_ _1\"></span>1<span class=\"_ _1\"></span>5<span class=\"_ _1\"></span>.4<span class=\"_ _383\"> </span></span>Commercial repo<span class=\"_ _26b\"> </span><span class=\"ff2 ws6e\">10.2<span class=\"_ _53\"> </span></span><span class=\"ls9f wsbc\">0.5<span class=\"_ _383\"> </span></span>Loans fr<span class=\"_ _6\"></span>om credit ins<span class=\"_ _6\"></span>titutions<span class=\"_ _2b9\"> </span><span class=\"ff2 lsc3 wsc2\">0<span class=\"_ _2\"></span>.1<span class=\"_ _15e\"> </span></span><span class=\"ls9f wsbc\">0.<span class=\"_ _1\"></span>6<span class=\"_ _383\"> </span></span>4,543.2<span class=\"_ _6e\"> </span><span class=\"ff1 ls88 wse3\">4,2<span class=\"_ _1\"></span>0<span class=\"_ _1\"></span>4.<span class=\"_ _1\"></span>2<span class=\"_ _383\"> </span></span>Cash collateral and mar<span class=\"_ _6\"></span>gin received<span class=\"_ _68\"> </span><span class=\"ff2 lsc6 wsc5\">5<span class=\"_ _1\"></span>4<span class=\"_ _2\"></span>9.<span class=\"_ _2\"></span>7<span class=\"_ _9d\"> </span></span><span class=\"lsd7 wsd7\">1<span class=\"_ _1\"></span>1<span class=\"_ _1\"></span>5<span class=\"_ _1\"></span>.4</span> <span class=\"_ _282\"> </span><span class=\"ff2 lsc5 wsc4\">5,<span class=\"_ _1\"></span>0<span class=\"_ _2\"></span>9<span class=\"_ _1\"></span>2<span class=\"_ _1\"></span>.9<span class=\"_ _7f\"> </span></span><span class=\"lsf8 wsfd\">4<span class=\"_ _1\"></span>,<span class=\"_ _2\"></span>3<span class=\"_ _2\"></span>1<span class=\"_ _2\"></span>9.<span class=\"_ _2\"></span>6<span class=\"_ _383\"> </span></span><span class=\"_ _383\">32.\u2002Am</span><span class=\"_ _1\"></span>ount<span class=\"_ _1\"></span>s owed to re<span class=\"_ _1\"></span>tail d<span class=\"_ _1\"></span>epo<span class=\"_ _1\"></span>sito<span class=\"_ _1\"></span>rs<span class=\"_ _383\"> </span>2022<span class=\"_ _290\"> </span><span class=\"ff1\">2021<span class=\"_ _383\"> </span></span>OSB<span class=\"_ _383\"> </span>\u00a3m<span class=\"_ _383\"> </span>CCFS<span class=\"_ _383\"> </span>\u00a3m<span class=\"_ _383\"> </span>To<span class=\"_ _1\"></span>t<span class=\"_ _2\"></span>a<span class=\"_ _1\"></span>l<span class=\"_ _383\"> </span>\u00a3m<span class=\"_ _383\"> </span>OSB<span class=\"_ _383\"> </span>\u00a3m<span class=\"_ _383\"> </span>CCFS<span class=\"_ _383\"> </span>\u00a3m<span class=\"_ _383\"> </span>To<span class=\"_ _1\"></span>t<span class=\"_ _2\"></span>a<span class=\"_ _1\"></span>l<span class=\"_ _383\"> </span>\u00a3m<span class=\"_ _383\"> </span>Fixed r<span class=\"_ _6\"></span>ate deposits<span class=\"_ _2d2\"> </span><span class=\"ff2 lsf9 ws82\">8,085.<span class=\"_ _8\"></span>9<span class=\"_ _66\"> </span><span class=\"lsc6 wsc5\">5<span class=\"_ _1\"></span>,<span class=\"_ _2\"></span>8<span class=\"_ _2\"></span>9<span class=\"_ _2\"></span>9.<span class=\"_ _2\"></span>6<span class=\"_ _fd\"> </span></span>13,<span class=\"_ _8\"></span>985.5<span class=\"_ _a1\"> </span><span class=\"ff1 lse3 wse7\">6,221.7<span class=\"_ _40\"> </span><span class=\"ls88 wse3\">4,70<span class=\"_ _1\"></span>3<span class=\"_ _1\"></span>.4<span class=\"_ _d\"> </span><span class=\"ls14 ws11\">10,<span class=\"_ _8\"></span>925<span class=\"_ _1\"></span>.<span class=\"_ _6\"></span>1<span class=\"_ _383\"> </span></span></span></span></span>V<span class=\"_ _8\"></span>ariable rate deposits<span class=\"_ _2d3\"> </span><span class=\"ff2 ls7e ws16\">3,0<span class=\"_ _1\"></span>46.<span class=\"_ _1\"></span>3<span class=\"_ _6c\"> </span><span class=\"ls33 ws30\">2<span class=\"_ _1\"></span>,<span class=\"_ _1\"></span>72<span class=\"_ _1\"></span>4.<span class=\"_ _1\"></span>0<span class=\"_ _66\"> </span><span class=\"lse5 wsea\">5<span class=\"_ _1\"></span>,<span class=\"_ _1\"></span>7<span class=\"_ _1\"></span>70<span class=\"_ _1\"></span>.<span class=\"_ _1\"></span>3<span class=\"_ _122\"> </span></span></span></span><span class=\"lse3 wse7\">3,517<span class=\"_ _9\"></span>.7<span class=\"_ _6e\"> </span><span class=\"lsc9 wsc9\">3<span class=\"_ _1\"></span>,0<span class=\"_ _1\"></span>83<span class=\"_ _1\"></span>.6<span class=\"_ _8e\"> </span><span class=\"lsff ws91\">6,601.3</span></span></span> <span class=\"_ _10c\"> </span><span class=\"ff2 lsd7 wsd7\">11<span class=\"_ _2\"></span>,1<span class=\"_ _1\"></span>3<span class=\"_ _1\"></span>2<span class=\"_ _2\"></span>.<span class=\"_ _2\"></span>2<span class=\"_ _6c\"> </span><span class=\"ls12 wsf\">8<span class=\"_ _1\"></span>,62<span class=\"_ _1\"></span>3.<span class=\"_ _1\"></span>6<span class=\"_ _fd\"> </span><span class=\"lsd3 ws86\">19<span class=\"_ _8\"></span>,755.8<span class=\"_ _76\"> </span><span class=\"ff1 lsf8 wsfd\">9,<span class=\"_ _2\"></span>7<span class=\"_ _2\"></span>3<span class=\"_ _2\"></span>9.4<span class=\"_ _7d\"> </span><span class=\"lsc8 wsc8\">7,<span class=\"_ _0\"></span>7<span class=\"_ _0\"></span>8<span class=\"_ _0\"></span>7.<span class=\"_ _2\"></span>0<span class=\"_ _121\"> </span>1<span class=\"_ _2\"></span>7,<span class=\"_ _0\"></span>5<span class=\"_ _0\"></span>2<span class=\"_ _2\"></span>6<span class=\"_ _0\"> </span>.<span class=\"_ _2\"></span>4<span class=\"_ _383\"> </span></span></span></span></span></span><span class=\"_ _383\">33.\u2002Am</span><span class=\"_ _1\"></span>ount<span class=\"_ _1\"></span>s owed to ot<span class=\"_ _1\"></span>he<span class=\"_ _1\"></span>r cust<span class=\"_ _1\"></span>ome<span class=\"_ _1\"></span>rs<span class=\"_ _383\"> </span>2022<span class=\"_ _383\"> </span>\u00a3m<span class=\"_ _383\"> </span>2021<span class=\"_ _383\"> </span>\u00a3m<span class=\"_ _383\"> </span>Fixed r<span class=\"_ _6\"></span>ate deposits<span class=\"_ _281\"> </span><span class=\"ff2 lsc5 wsc4\">1<span class=\"_ _2\"></span>0<span class=\"_ _1\"></span>0<span class=\"_ _1\"></span>.9<span class=\"_ _55\"> </span></span><span class=\"ls9f wsbc\">50.3<span class=\"_ _383\"> </span></span>V<span class=\"_ _8\"></span>ariable rate deposits<span class=\"_ _2d4\"> </span><span class=\"ff2 ls7e ws16\">12.<span class=\"_ _1\"></span>2<span class=\"_ _55\"> </span></span><span class=\"ls7c wsd0\">42<span class=\"_ _1\"></span>.<span class=\"_ _1\"></span>3</span> <span class=\"_ _2d5\"> </span><span class=\"ff2 lsc3 wsc2\">11<span class=\"_ _2\"></span>3<span class=\"_ _1\"></span>.1<span class=\"_ _254\"> </span></span><span class=\"ls14 ws11\">92.<span class=\"_ _1\"></span>6<span class=\"_ _383\"> </span></span>",
   "dimensions": {
    "concept": "ifrs-full:DisclosureOfBorrowingsExplanatory",
    "language": "en",
    "entity": "scheme:213800ZBKL9BHSL2K459",
    "period": "2022-01-01T00:00:00/2023-01-01T00:00:00"
   }
  },
  "fact-528": {
   "value": "<span class=\"_ _383\">31.\u2002Amount</span><span class=\"_ _1\"></span>s owed to c<span class=\"_ _1\"></span>re<span class=\"_ _1\"></span>dit ins<span class=\"_ _1\"></span>titutio<span class=\"_ _1\"></span>ns<span class=\"_ _383\"> </span>2022<span class=\"_ _383\"> </span>\u00a3m<span class=\"_ _383\"> </span>2021<span class=\"_ _383\"> </span>\u00a3m<span class=\"_ _383\"> </span>BoE TFSME<span class=\"_ _2d0\"> </span><span class=\"ff2 ls7e ws16\">4,<span class=\"_ _1\"></span>232<span class=\"_ _1\"></span>.0<span class=\"_ _8e\"> </span></span><span class=\"lsed wsf2\">4<span class=\"_ _1\"></span>,<span class=\"_ _2\"></span>2<span class=\"_ _1\"></span>0<span class=\"_ _1\"></span>3<span class=\"_ _2\"></span>.1<span class=\"_ _383\"> </span></span>BoE IL<span class=\"_ _8\"></span>TR<span class=\"_ _2d1\"> </span><span class=\"ff2 lsc5 wsc4\">3<span class=\"_ _1\"></span>0<span class=\"_ _2\"></span>0<span class=\"_ _1\"></span>.9<span class=\"_ _d9\"> </span></span><span class=\"ls2\">\u2013 </span>Cash collateral and mar<span class=\"_ _6\"></span>gin received<span class=\"_ _68\"> </span><span class=\"ff2 lsc6 wsc5\">5<span class=\"_ _1\"></span>4<span class=\"_ _2\"></span>9.<span class=\"_ _2\"></span>7<span class=\"_ _9d\"> </span></span><span class=\"lsd7 wsd7\">1<span class=\"_ _1\"></span>1<span class=\"_ _1\"></span>5<span class=\"_ _1\"></span>.4<span class=\"_ _383\"> </span></span>Commercial repo<span class=\"_ _26b\"> </span><span class=\"ff2 ws6e\">10.2<span class=\"_ _53\"> </span></span><span class=\"ls9f wsbc\">0.5<span class=\"_ _383\"> </span></span>Loans fr<span class=\"_ _6\"></span>om credit ins<span class=\"_ _6\"></span>titutions<span class=\"_ _2b9\"> </span><span class=\"ff2 lsc3 wsc2\">0<span class=\"_ _2\"></span>.1<span class=\"_ _15e\"> </span></span><span class=\"ls9f wsbc\">0.<span class=\"_ _1\"></span>6<span class=\"_ _383\"> </span></span>4,543.2<span class=\"_ _6e\"> </span><span class=\"ff1 ls88 wse3\">4,2<span class=\"_ _1\"></span>0<span class=\"_ _1\"></span>4.<span class=\"_ _1\"></span>2<span class=\"_ _383\"> </span></span>Cash collateral and mar<span class=\"_ _6\"></span>gin received<span class=\"_ _68\"> </span><span class=\"ff2 lsc6 wsc5\">5<span class=\"_ _1\"></span>4<span class=\"_ _2\"></span>9.<span class=\"_ _2\"></span>7<span class=\"_ _9d\"> </span></span><span class=\"lsd7 wsd7\">1<span class=\"_ _1\"></span>1<span class=\"_ _1\"></span>5<span class=\"_ _1\"></span>.4</span> <span class=\"_ _282\"> </span><span class=\"ff2 lsc5 wsc4\">5,<span class=\"_ _1\"></span>0<span class=\"_ _2\"></span>9<span class=\"_ _1\"></span>2<span class=\"_ _1\"></span>.9<span class=\"_ _7f\"> </span></span><span class=\"lsf8 wsfd\">4<span class=\"_ _1\"></span>,<span class=\"_ _2\"></span>3<span class=\"_ _2\"></span>1<span class=\"_ _2\"></span>9.<span class=\"_ _2\"></span>6<span class=\"_ _383\"> </span></span>",
   "dimensions": {
    "concept": "ifrs-full:DisclosureOfDepositsFromBanksExplanatory",
    "language": "en",
    "entity": "scheme:213800ZBKL9BHSL2K459",
    "period": "2022-01-01T00:00:00/2023-01-01T00:00:00"
   }
  },
  "fact-529": {
   "value": "<span class=\"_ _383\">32.\u2002Am</span><span class=\"_ _1\"></span>ount<span class=\"_ _1\"></span>s owed to re<span class=\"_ _1\"></span>tail d<span class=\"_ _1\"></span>epo<span class=\"_ _1\"></span>sito<span class=\"_ _1\"></span>rs<span class=\"_ _383\"> </span>2022<span class=\"_ _290\"> </span><span class=\"ff1\">2021<span class=\"_ _383\"> </span></span>OSB<span class=\"_ _383\"> </span>\u00a3m<span class=\"_ _383\"> </span>CCFS<span class=\"_ _383\"> </span>\u00a3m<span class=\"_ _383\"> </span>To<span class=\"_ _1\"></span>t<span class=\"_ _2\"></span>a<span class=\"_ _1\"></span>l<span class=\"_ _383\"> </span>\u00a3m<span class=\"_ _383\"> </span>OSB<span class=\"_ _383\"> </span>\u00a3m<span class=\"_ _383\"> </span>CCFS<span class=\"_ _383\"> </span>\u00a3m<span class=\"_ _383\"> </span>To<span class=\"_ _1\"></span>t<span class=\"_ _2\"></span>a<span class=\"_ _1\"></span>l<span class=\"_ _383\"> </span>\u00a3m<span class=\"_ _383\"> </span>Fixed r<span class=\"_ _6\"></span>ate deposits<span class=\"_ _2d2\"> </span><span class=\"ff2 lsf9 ws82\">8,085.<span class=\"_ _8\"></span>9<span class=\"_ _66\"> </span><span class=\"lsc6 wsc5\">5<span class=\"_ _1\"></span>,<span class=\"_ _2\"></span>8<span class=\"_ _2\"></span>9<span class=\"_ _2\"></span>9.<span class=\"_ _2\"></span>6<span class=\"_ _fd\"> </span></span>13,<span class=\"_ _8\"></span>985.5<span class=\"_ _a1\"> </span><span class=\"ff1 lse3 wse7\">6,221.7<span class=\"_ _40\"> </span><span class=\"ls88 wse3\">4,70<span class=\"_ _1\"></span>3<span class=\"_ _1\"></span>.4<span class=\"_ _d\"> </span><span class=\"ls14 ws11\">10,<span class=\"_ _8\"></span>925<span class=\"_ _1\"></span>.<span class=\"_ _6\"></span>1<span class=\"_ _383\"> </span></span></span></span></span>V<span class=\"_ _8\"></span>ariable rate deposits<span class=\"_ _2d3\"> </span><span class=\"ff2 ls7e ws16\">3,0<span class=\"_ _1\"></span>46.<span class=\"_ _1\"></span>3<span class=\"_ _6c\"> </span><span class=\"ls33 ws30\">2<span class=\"_ _1\"></span>,<span class=\"_ _1\"></span>72<span class=\"_ _1\"></span>4.<span class=\"_ _1\"></span>0<span class=\"_ _66\"> </span><span class=\"lse5 wsea\">5<span class=\"_ _1\"></span>,<span class=\"_ _1\"></span>7<span class=\"_ _1\"></span>70<span class=\"_ _1\"></span>.<span class=\"_ _1\"></span>3<span class=\"_ _122\"> </span></span></span></span><span class=\"lse3 wse7\">3,517<span class=\"_ _9\"></span>.7<span class=\"_ _6e\"> </span><span class=\"lsc9 wsc9\">3<span class=\"_ _1\"></span>,0<span class=\"_ _1\"></span>83<span class=\"_ _1\"></span>.6<span class=\"_ _8e\"> </span><span class=\"lsff ws91\">6,601.3</span></span></span> <span class=\"_ _10c\"> </span><span class=\"ff2 lsd7 wsd7\">11<span class=\"_ _2\"></span>,1<span class=\"_ _1\"></span>3<span class=\"_ _1\"></span>2<span class=\"_ _2\"></span>.<span class=\"_ _2\"></span>2<span class=\"_ _6c\"> </span><span class=\"ls12 wsf\">8<span class=\"_ _1\"></span>,62<span class=\"_ _1\"></span>3.<span class=\"_ _1\"></span>6<span class=\"_ _fd\"> </span><span class=\"lsd3 ws86\">19<span class=\"_ _8\"></span>,755.8<span class=\"_ _76\"> </span><span class=\"ff1 lsf8 wsfd\">9,<span class=\"_ _2\"></span>7<span class=\"_ _2\"></span>3<span class=\"_ _2\"></span>9.4<span class=\"_ _7d\"> </span><span class=\"lsc8 wsc8\">7,<span class=\"_ _0\"></span>7<span class=\"_ _0\"></span>8<span class=\"_ _0\"></span>7.<span class=\"_ _2\"></span>0<span class=\"_ _121\"> </span>1<span class=\"_ _2\"></span>7,<span class=\"_ _0\"></span>5<span class=\"_ _0\"></span>2<span class=\"_ _2\"></span>6<span class=\"_ _0\"> </span>.<span class=\"_ _2\"></span>4<span class=\"_ _383\"> </span></span></span></span></span></span>",
   "dimensions": {
    "concept": "osbgroupplc:DisclosureOfAmountsOwedToRetailDepositors",
    "language": "en",
    "entity": "scheme:213800ZBKL9BHSL2K459",
    "period": "2022-01-01T00:00:00/2023-01-01T00:00:00"
   }
  },
  "fact-530": {
   "value": "<span class=\"_ _383\">33.\u2002Am</span><span class=\"_ _1\"></span>ount<span class=\"_ _1\"></span>s owed to ot<span class=\"_ _1\"></span>he<span class=\"_ _1\"></span>r cust<span class=\"_ _1\"></span>ome<span class=\"_ _1\"></span>rs<span class=\"_ _383\"> </span>2022<span class=\"_ _383\"> </span>\u00a3m<span class=\"_ _383\"> </span>2021<span class=\"_ _383\"> </span>\u00a3m<span class=\"_ _383\"> </span>Fixed r<span class=\"_ _6\"></span>ate deposits<span class=\"_ _281\"> </span><span class=\"ff2 lsc5 wsc4\">1<span class=\"_ _2\"></span>0<span class=\"_ _1\"></span>0<span class=\"_ _1\"></span>.9<span class=\"_ _55\"> </span></span><span class=\"ls9f wsbc\">50.3<span class=\"_ _383\"> </span></span>V<span class=\"_ _8\"></span>ariable rate deposits<span class=\"_ _2d4\"> </span><span class=\"ff2 ls7e ws16\">12.<span class=\"_ _1\"></span>2<span class=\"_ _55\"> </span></span><span class=\"ls7c wsd0\">42<span class=\"_ _1\"></span>.<span class=\"_ _1\"></span>3</span> <span class=\"_ _2d5\"> </span><span class=\"ff2 lsc3 wsc2\">11<span class=\"_ _2\"></span>3<span class=\"_ _1\"></span>.1<span class=\"_ _254\"> </span></span><span class=\"ls14 ws11\">92.<span class=\"_ _1\"></span>6<span class=\"_ _383\"> </span></span>",
   "dimensions": {
    "concept": "ifrs-full:DisclosureOfDepositsFromCustomersExplanatory",
    "language": "en",
    "entity": "scheme:213800ZBKL9BHSL2K459",
    "period": "2022-01-01T00:00:00/2023-01-01T00:00:00"
   }
  },
  "fact-577": {
   "value": "<span class=\"_ _383\">34.\u2002De</span><span class=\"_ _1\"></span>bt se<span class=\"_ _1\"></span>curiti<span class=\"_ _1\"></span>es in is<span class=\"_ _1\"></span>sue 2022<span class=\"_ _383\"> </span>\u00a3m<span class=\"_ _383\"> </span>2021<span class=\"_ _383\"> </span>\u00a3m<span class=\"_ _383\"> </span>Asset-back<span class=\"_ _8\"></span>ed loan notes at amortised c<span class=\"_ _1\"></span>ost<span class=\"_ _208\"> </span><span class=\"ff2 lsc5 wsc4\">26<span class=\"_ _2\"></span>5<span class=\"_ _1\"></span>.9<span class=\"_ _a9\"> </span></span><span class=\"ls9f wsbc\">4<span class=\"_ _1\"></span>60.<span class=\"_ _1\"></span>3<span class=\"_ _383\"> </span></span>Amount due for settlemen<span class=\"_ _6\"></span>t after 12 months<span class=\"_ _208\"> </span><span class=\"ff2 lsc5 wsc4\">26<span class=\"_ _1\"></span>5<span class=\"_ _1\"></span>.9<span class=\"_ _5a\"> </span></span><span class=\"ls9f wsbc\">46<span class=\"_ _1\"></span>0.3</span> <span class=\"_ _22d\"> </span><span class=\"ff2 lsc5 wsc4\">26<span class=\"_ _1\"></span>5<span class=\"_ _1\"></span>.9<span class=\"_ _5a\"> </span></span><span class=\"ls9f wsbc\">46<span class=\"_ _1\"></span>0.3<span class=\"_ _383\"> </span></span>The asset-back<span class=\"_ _8\"></span>ed loan notes are secured on \ufb01xe<span class=\"_ _6\"></span>d and variable rate mortgages and are r<span class=\"_ _6\"></span>edeemable in part from time to time, but such redemptions ar<span class=\"_ _6\"></span>e mainly from the net principal receiv<span class=\"_ _6\"></span>ed from borro<span class=\"_ _8\"></span>wers in respect of underlying mortgage assets<span class=\"_ _8\"></span>. The maturity date of the funds matches the contr<span class=\"_ _6\"></span>actual maturity date of the underlying mortgage assets<span class=\"_ _6\"></span>. The Group expects that a lar<span class=\"_ _8\"></span>ge propor<span class=\"_ _1\"></span>tion of the underlying mortgage assets<span class=\"_ _6\"></span>, and therefor<span class=\"_ _6\"></span>e these notes<span class=\"_ _6\"></span>, will be repaid within \ufb01ve ye<span class=\"_ _6\"></span>ars.<span class=\"_ _383\"> </span>Where the Group o<span class=\"_ _8\"></span>wns the call rights for a transaction, it may r<span class=\"_ _6\"></span>epurchase the asset-back<span class=\"_ _8\"></span>ed loan notes on any inter<span class=\"_ _6\"></span>est payment dat<span class=\"_ _6\"></span>e on or after the call dates, or on any in<span class=\"_ _6\"></span>teres<span class=\"_ _6\"></span>t payment date when the curren<span class=\"_ _6\"></span>t balance of the mortgages outstanding is less than or equal to 10% o<span class=\"_ _6\"></span>f the principal amount outs<span class=\"_ _6\"></span>tanding on the loan notes on the date they w<span class=\"_ _6\"></span>ere issued.<span class=\"_ _383\"> </span>Inter<span class=\"_ _6\"></span>est is payable at \ufb01xed mar<span class=\"_ _8\"></span>gins above SONIA.<span class=\"_ _383\"> </span>As at 31 December 2022, notes w<span class=\"_ _6\"></span>ere issued through the f<span class=\"_ _6\"></span>ollowing funding v<span class=\"_ _6\"></span>ehicles:<span class=\"_ _383\"> </span>2022<span class=\"_ _383\"> </span>\u00a3m<span class=\"_ _383\"> </span>2021<span class=\"_ _383\"> </span>\u00a3m<span class=\"_ _383\"> </span>CMF 2020-<span class=\"_ _8\"></span>1 plc<span class=\"_ _220\"> </span><span class=\"ff2 lse0 wse0\">141<span class=\"_ _1\"></span>.<span class=\"_ _1\"></span>8<span class=\"_ _5c\"> </span></span><span class=\"lsf8 wsfd\">1<span class=\"_ _1\"></span>9<span class=\"_ _2\"></span>9.<span class=\"_ _2\"></span>8<span class=\"_ _383\"> </span></span>Canterbury Finance No<span class=\"_ _6\"></span>.3 plc<span class=\"_ _1d1\"> </span><span class=\"ff2 ls7e ws16\">21.0<span class=\"_ _61\"> </span></span><span class=\"lsd5 wsd5\">76<span class=\"_ _2\"></span>.9<span class=\"_ _383\"> </span></span>Canterbury Finance No<span class=\"_ _6\"></span>.<span class=\"_ _8\"></span>4 plc<span class=\"_ _1ea\"> </span><span class=\"ff2 lsc3 wsc2\">1<span class=\"_ _1\"></span>0<span class=\"_ _2\"></span>3<span class=\"_ _1\"></span>.1<span class=\"_ _3b\"> </span></span><span class=\"ls14 ws11\">18<span class=\"_ _1\"></span>3.6</span> <span class=\"_ _22d\"> </span><span class=\"ff2 lsc5 wsc4\">26<span class=\"_ _1\"></span>5<span class=\"_ _1\"></span>.9<span class=\"_ _5a\"> </span></span><span class=\"ls9f wsbc\">46<span class=\"_ _1\"></span>0.3<span class=\"_ _383\"> </span></span>",
   "dimensions": {
    "concept": "ifrs-full:DisclosureOfRepurchaseAndReverseRepurchaseAgreementsExplanatory",
    "language": "en",
    "entity": "scheme:213800ZBKL9BHSL2K459",
    "period": "2022-01-01T00:00:00/2023-01-01T00:00:00"
   }
  },
  "fact-531": {
   "value": "<span class=\"_ _383\">34.\u2002De</span><span class=\"_ _1\"></span>bt se<span class=\"_ _1\"></span>curiti<span class=\"_ _1\"></span>es in is<span class=\"_ _1\"></span>sue 2022<span class=\"_ _383\"> </span>\u00a3m<span class=\"_ _383\"> </span>2021<span class=\"_ _383\"> </span>\u00a3m<span class=\"_ _383\"> </span>Asset-back<span class=\"_ _8\"></span>ed loan notes at amortised c<span class=\"_ _1\"></span>ost<span class=\"_ _208\"> </span><span class=\"ff2 lsc5 wsc4\">26<span class=\"_ _2\"></span>5<span class=\"_ _1\"></span>.9<span class=\"_ _a9\"> </span></span><span class=\"ls9f wsbc\">4<span class=\"_ _1\"></span>60.<span class=\"_ _1\"></span>3<span class=\"_ _383\"> </span></span>Amount due for settlemen<span class=\"_ _6\"></span>t after 12 months<span class=\"_ _208\"> </span><span class=\"ff2 lsc5 wsc4\">26<span class=\"_ _1\"></span>5<span class=\"_ _1\"></span>.9<span class=\"_ _5a\"> </span></span><span class=\"ls9f wsbc\">46<span class=\"_ _1\"></span>0.3</span> <span class=\"_ _22d\"> </span><span class=\"ff2 lsc5 wsc4\">26<span class=\"_ _1\"></span>5<span class=\"_ _1\"></span>.9<span class=\"_ _5a\"> </span></span><span class=\"ls9f wsbc\">46<span class=\"_ _1\"></span>0.3<span class=\"_ _383\"> </span></span>The asset-back<span class=\"_ _8\"></span>ed loan notes are secured on \ufb01xe<span class=\"_ _6\"></span>d and variable rate mortgages and are r<span class=\"_ _6\"></span>edeemable in part from time to time, but such redemptions ar<span class=\"_ _6\"></span>e mainly from the net principal receiv<span class=\"_ _6\"></span>ed from borro<span class=\"_ _8\"></span>wers in respect of underlying mortgage assets<span class=\"_ _8\"></span>. The maturity date of the funds matches the contr<span class=\"_ _6\"></span>actual maturity date of the underlying mortgage assets<span class=\"_ _6\"></span>. The Group expects that a lar<span class=\"_ _8\"></span>ge propor<span class=\"_ _1\"></span>tion of the underlying mortgage assets<span class=\"_ _6\"></span>, and therefor<span class=\"_ _6\"></span>e these notes<span class=\"_ _6\"></span>, will be repaid within \ufb01ve ye<span class=\"_ _6\"></span>ars.<span class=\"_ _383\"> </span>Where the Group o<span class=\"_ _8\"></span>wns the call rights for a transaction, it may r<span class=\"_ _6\"></span>epurchase the asset-back<span class=\"_ _8\"></span>ed loan notes on any inter<span class=\"_ _6\"></span>est payment dat<span class=\"_ _6\"></span>e on or after the call dates, or on any in<span class=\"_ _6\"></span>teres<span class=\"_ _6\"></span>t payment date when the curren<span class=\"_ _6\"></span>t balance of the mortgages outstanding is less than or equal to 10% o<span class=\"_ _6\"></span>f the principal amount outs<span class=\"_ _6\"></span>tanding on the loan notes on the date they w<span class=\"_ _6\"></span>ere issued.<span class=\"_ _383\"> </span>Inter<span class=\"_ _6\"></span>est is payable at \ufb01xed mar<span class=\"_ _8\"></span>gins above SONIA.<span class=\"_ _383\"> </span>As at 31 December 2022, notes w<span class=\"_ _6\"></span>ere issued through the f<span class=\"_ _6\"></span>ollowing funding v<span class=\"_ _6\"></span>ehicles:<span class=\"_ _383\"> </span>2022<span class=\"_ _383\"> </span>\u00a3m<span class=\"_ _383\"> </span>2021<span class=\"_ _383\"> </span>\u00a3m<span class=\"_ _383\"> </span>CMF 2020-<span class=\"_ _8\"></span>1 plc<span class=\"_ _220\"> </span><span class=\"ff2 lse0 wse0\">141<span class=\"_ _1\"></span>.<span class=\"_ _1\"></span>8<span class=\"_ _5c\"> </span></span><span class=\"lsf8 wsfd\">1<span class=\"_ _1\"></span>9<span class=\"_ _2\"></span>9.<span class=\"_ _2\"></span>8<span class=\"_ _383\"> </span></span>Canterbury Finance No<span class=\"_ _6\"></span>.3 plc<span class=\"_ _1d1\"> </span><span class=\"ff2 ls7e ws16\">21.0<span class=\"_ _61\"> </span></span><span class=\"lsd5 wsd5\">76<span class=\"_ _2\"></span>.9<span class=\"_ _383\"> </span></span>Canterbury Finance No<span class=\"_ _6\"></span>.<span class=\"_ _8\"></span>4 plc<span class=\"_ _1ea\"> </span><span class=\"ff2 lsc3 wsc2\">1<span class=\"_ _1\"></span>0<span class=\"_ _2\"></span>3<span class=\"_ _1\"></span>.1<span class=\"_ _3b\"> </span></span><span class=\"ls14 ws11\">18<span class=\"_ _1\"></span>3.6</span> <span class=\"_ _22d\"> </span><span class=\"ff2 lsc5 wsc4\">26<span class=\"_ _1\"></span>5<span class=\"_ _1\"></span>.9<span class=\"_ _5a\"> </span></span><span class=\"ls9f wsbc\">46<span class=\"_ _1\"></span>0.3<span class=\"_ _383\"> </span></span>",
   "dimensions": {
    "concept": "ifrs-full:DisclosureOfDebtSecuritiesExplanatory",
    "language": "en",
    "entity": "scheme:213800ZBKL9BHSL2K459",
    "period": "2022-01-01T00:00:00/2023-01-01T00:00:00"
   }
  },
  "fact-608": {
   "value": "<span class=\"_ _383\">36.\u2002Ot</span><span class=\"_ _1\"></span>he<span class=\"_ _1\"></span>r liabilit<span class=\"_ _1\"></span>ies<span class=\"_ _383\"> </span>2022<span class=\"_ _383\"> </span>\u00a3m<span class=\"_ _383\"> </span>2021<span class=\"_ _383\"> </span>\u00a3m<span class=\"_ _383\"> </span>Falling due within one year:<span class=\"_ _2be\"> </span><span class=\"ff2 ls2\"> </span>Accruals<span class=\"_ _2d9\"> </span><span class=\"ff2 ls7e ws16\">28.0<span class=\"_ _55\"> </span></span><span class=\"ls54 ws55\">23.2<span class=\"_ _383\"> </span></span>Deferred income<span class=\"_ _2da\"> </span><span class=\"ff2 ws6e\">0.6<span class=\"_ _e5\"> </span></span><span class=\"ls86 wsf1\">0<span class=\"_ _1\"></span>.9<span class=\"_ _383\"> </span></span>Other creditor<span class=\"_ _6\"></span>s<span class=\"_ _2db\"> </span><span class=\"ff2 lsc3 wsc2\">1<span class=\"_ _1\"></span>0<span class=\"_ _1\"></span>.1<span class=\"_ _e5\"> </span></span><span class=\"ls6f ws75\">5.5</span> <span class=\"_ _233\"> </span><span class=\"ff2 lscd wsce\">38.7<span class=\"_ _4f\"> </span></span><span class=\"lsf8 wsfd\">2<span class=\"_ _2\"></span>9.<span class=\"_ _2\"></span>6<span class=\"_ _383\"> </span></span>",
   "dimensions": {
    "concept": "ifrs-full:DisclosureOfDeferredIncomeExplanatory",
    "language": "en",
    "entity": "scheme:213800ZBKL9BHSL2K459",
    "period": "2022-01-01T00:00:00/2023-01-01T00:00:00"
   }
  },
  "fact-598": {
   "value": "<span class=\"_ _383\">36.\u2002Ot</span><span class=\"_ _1\"></span>he<span class=\"_ _1\"></span>r liabilit<span class=\"_ _1\"></span>ies<span class=\"_ _383\"> </span>2022<span class=\"_ _383\"> </span>\u00a3m<span class=\"_ _383\"> </span>2021<span class=\"_ _383\"> </span>\u00a3m<span class=\"_ _383\"> </span>Falling due within one year:<span class=\"_ _2be\"> </span><span class=\"ff2 ls2\"> </span>Accruals<span class=\"_ _2d9\"> </span><span class=\"ff2 ls7e ws16\">28.0<span class=\"_ _55\"> </span></span><span class=\"ls54 ws55\">23.2<span class=\"_ _383\"> </span></span>Deferred income<span class=\"_ _2da\"> </span><span class=\"ff2 ws6e\">0.6<span class=\"_ _e5\"> </span></span><span class=\"ls86 wsf1\">0<span class=\"_ _1\"></span>.9<span class=\"_ _383\"> </span></span>Other creditor<span class=\"_ _6\"></span>s<span class=\"_ _2db\"> </span><span class=\"ff2 lsc3 wsc2\">1<span class=\"_ _1\"></span>0<span class=\"_ _1\"></span>.1<span class=\"_ _e5\"> </span></span><span class=\"ls6f ws75\">5.5</span> <span class=\"_ _233\"> </span><span class=\"ff2 lscd wsce\">38.7<span class=\"_ _4f\"> </span></span><span class=\"lsf8 wsfd\">2<span class=\"_ _2\"></span>9.<span class=\"_ _2\"></span>6<span class=\"_ _383\"> </span></span>",
   "dimensions": {
    "concept": "ifrs-full:DisclosureOfAccruedExpensesAndOtherLiabilitiesExplanatory",
    "language": "en",
    "entity": "scheme:213800ZBKL9BHSL2K459",
    "period": "2022-01-01T00:00:00/2023-01-01T00:00:00"
   }
  },
  "fact-578": {
   "value": "<span class=\"_ _383\">36.\u2002Ot</span><span class=\"_ _1\"></span>he<span class=\"_ _1\"></span>r liabilit<span class=\"_ _1\"></span>ies<span class=\"_ _383\"> </span>2022<span class=\"_ _383\"> </span>\u00a3m<span class=\"_ _383\"> </span>2021<span class=\"_ _383\"> </span>\u00a3m<span class=\"_ _383\"> </span>Falling due within one year:<span class=\"_ _2be\"> </span><span class=\"ff2 ls2\"> </span>Accruals<span class=\"_ _2d9\"> </span><span class=\"ff2 ls7e ws16\">28.0<span class=\"_ _55\"> </span></span><span class=\"ls54 ws55\">23.2<span class=\"_ _383\"> </span></span>Deferred income<span class=\"_ _2da\"> </span><span class=\"ff2 ws6e\">0.6<span class=\"_ _e5\"> </span></span><span class=\"ls86 wsf1\">0<span class=\"_ _1\"></span>.9<span class=\"_ _383\"> </span></span>Other creditor<span class=\"_ _6\"></span>s<span class=\"_ _2db\"> </span><span class=\"ff2 lsc3 wsc2\">1<span class=\"_ _1\"></span>0<span class=\"_ _1\"></span>.1<span class=\"_ _e5\"> </span></span><span class=\"ls6f ws75\">5.5</span> <span class=\"_ _233\"> </span><span class=\"ff2 lscd wsce\">38.7<span class=\"_ _4f\"> </span></span><span class=\"lsf8 wsfd\">2<span class=\"_ _2\"></span>9.<span class=\"_ _2\"></span>6<span class=\"_ _383\"> </span></span>",
   "dimensions": {
    "concept": "ifrs-full:DisclosureOfOtherCurrentLiabilitiesExplanatory",
    "language": "en",
    "entity": "scheme:213800ZBKL9BHSL2K459",
    "period": "2022-01-01T00:00:00/2023-01-01T00:00:00"
   }
  },
  "fact-532": {
   "value": "<span class=\"_ _383\">36.\u2002Ot</span><span class=\"_ _1\"></span>he<span class=\"_ _1\"></span>r liabilit<span class=\"_ _1\"></span>ies<span class=\"_ _383\"> </span>2022<span class=\"_ _383\"> </span>\u00a3m<span class=\"_ _383\"> </span>2021<span class=\"_ _383\"> </span>\u00a3m<span class=\"_ _383\"> </span>Falling due within one year:<span class=\"_ _2be\"> </span><span class=\"ff2 ls2\"> </span>Accruals<span class=\"_ _2d9\"> </span><span class=\"ff2 ls7e ws16\">28.0<span class=\"_ _55\"> </span></span><span class=\"ls54 ws55\">23.2<span class=\"_ _383\"> </span></span>Deferred income<span class=\"_ _2da\"> </span><span class=\"ff2 ws6e\">0.6<span class=\"_ _e5\"> </span></span><span class=\"ls86 wsf1\">0<span class=\"_ _1\"></span>.9<span class=\"_ _383\"> </span></span>Other creditor<span class=\"_ _6\"></span>s<span class=\"_ _2db\"> </span><span class=\"ff2 lsc3 wsc2\">1<span class=\"_ _1\"></span>0<span class=\"_ _1\"></span>.1<span class=\"_ _e5\"> </span></span><span class=\"ls6f ws75\">5.5</span> <span class=\"_ _233\"> </span><span class=\"ff2 lscd wsce\">38.7<span class=\"_ _4f\"> </span></span><span class=\"lsf8 wsfd\">2<span class=\"_ _2\"></span>9.<span class=\"_ _2\"></span>6<span class=\"_ _383\"> </span></span>",
   "dimensions": {
    "concept": "ifrs-full:DisclosureOfOtherLiabilitiesExplanatory",
    "language": "en",
    "entity": "scheme:213800ZBKL9BHSL2K459",
    "period": "2022-01-01T00:00:00/2023-01-01T00:00:00"
   }
  },
  "fact-533": {
   "value": "<div class=\"t m0 hc ff2 fs7 fc2 sc0 ls2 ws2 gs6d7\">37<span class=\"_ _1f6\"></span><span class=\"_ _383\">.\u2002Pr</span><span class=\"_ _1\"></span>ovisio<span class=\"_ _1\"></span>ns and c<span class=\"_ _1\"></span>ontin<span class=\"_ _1\"></span>ge<span class=\"_ _1\"></span>nt liabilit<span class=\"_ _1\"></span>ies<span class=\"_ _383\"> </span></div><div class=\"t m0 hd ff1 fs7 fc3 sc0 ls11 ws2 gs6d8\">The Financial Services C<span class=\"_ _1\"></span>ompensation Scheme (FSCS) pr<span class=\"_ _6\"></span>ovides prot<span class=\"_ _6\"></span>ection of deposits for the cus<span class=\"_ _6\"></span>tomers of authorise<span class=\"_ _6\"></span>d \ufb01nancial servic<span class=\"_ _1\"></span>es \ufb01rms, </div><div class=\"t m0 hd ff1 fs7 fc3 sc0 ls11 ws2 gs6d9\">should a \ufb01rm collapse. FSC<span class=\"_ _6\"></span>S protects r<span class=\"_ _6\"></span>etail deposits o<span class=\"_ _6\"></span>f up to \u00a385k for single account holders and \u00a317<span class=\"_ _8\"></span>0k for joint holders<span class=\"_ _6\"></span>. As OSB and CCFS both </div><div class=\"t m0 hd ff1 fs7 fc3 sc0 ls11 ws2 gs6da\">hold banking licences, the full FSC<span class=\"_ _6\"></span>S protection is av<span class=\"_ _6\"></span>ailable to customer<span class=\"_ _6\"></span>s of each Bank. </div><div class=\"t m0 hd ff1 fs7 fc3 sc0 ls11 ws2 gs6db\">The compensation paid out to consumers is initially funded through loans fr<span class=\"_ _6\"></span>om the BoE and HM T<span class=\"_ _8\"></span>reasury. In order to r<span class=\"_ _6\"></span>epay the loans and cov<span class=\"_ _6\"></span>er </div><div class=\"t m0 hd ff1 fs7 fc3 sc0 ls11 ws2 gs6dc\">its costs<span class=\"_ _6\"></span>, the FSC<span class=\"_ _6\"></span>S charges le<span class=\"_ _6\"></span>vies on \ufb01rms regulated by the PRA and the Financial Conduct A<span class=\"_ _6\"></span>uthority (FCA). The Gr<span class=\"_ _6\"></span>oup is among those \ufb01rms and </div><div class=\"t m0 hd ff1 fs7 fc3 sc0 ls11 ws2 gs6dd\">pays the FSCS a le<span class=\"_ _6\"></span>vy based on its share o<span class=\"_ _6\"></span>f total UK deposits<span class=\"_ _6\"></span>. </div><div class=\"t m0 hd ff1 fs7 fc3 sc0 ls11 ws2 gs6de\">The Group has re<span class=\"_ _6\"></span>view<span class=\"_ _8\"></span>ed its current exposur<span class=\"_ _6\"></span>e to Payment Pro<span class=\"_ _6\"></span>tection Insurance (PPI) claims<span class=\"_ _6\"></span>, following the FC<span class=\"_ _8\"></span>A deadline for PPI claims on 29 August </div><div class=\"t m0 hd ff1 fs7 fc3 sc0 ls11 ws2 gs6df\">2019 and has re<span class=\"_ _6\"></span>duced its provision t<span class=\"_ _6\"></span>o less than \u00a30.<span class=\"_ _8\"></span>1m as at 31 December 2022 (2<span class=\"_ _6\"></span>021: \u00a30.<span class=\"_ _6\"></span>3m).<span class=\"_ _383\"> </span></div><div class=\"t m0 hd ff1 fs7 fc3 sc0 ls11 ws2 gs6e0\">The Group has release<span class=\"_ _6\"></span>d its pro<span class=\"_ _6\"></span>vision for conduct related e<span class=\"_ _6\"></span>xposures of \u00a31.2m follo<span class=\"_ _8\"></span>wing c<span class=\"_ _1\"></span>ompletion of an internal r<span class=\"_ _6\"></span>evie<span class=\"_ _6\"></span>w<span class=\"_ _8\"></span>.<span class=\"_ _383\"> </span></div><div class=\"t m0 hd ff1 fs7 fc3 sc0 ls11 ws2 gs6e1\">An analysis of the Group<span class=\"_ _8\"></span>\u2019<span class=\"_ _8\"></span>s FSCS and other pro<span class=\"_ _6\"></span>visions is present<span class=\"_ _6\"></span>ed below:<span class=\"_ _383\"> </span></div><div class=\"t m0 h8 ff2 fs5 fc3 sc0 lse ws71 gs6e2\">2022<span class=\"_ _2dc\"> </span><span class=\"ff1\">2021<span class=\"_ _383\"> </span></span></div><div class=\"t m0 h3a ff2 fs5 fc3 sc0 ls125 ws135 gs6e3\">FSCS<span class=\"_ _383\"> </span></div><div class=\"t m0 h3a ff2 fs5 fc3 sc0 lse ws71 gs6e4\">\u00a3m<span class=\"_ _383\"> </span></div><div class=\"t m0 h3a ff2 fs5 fc3 sc0 lse ws71 gs6e5\">Other </div><div class=\"t m0 h3a ff2 fs5 fc3 sc0 lse ws71 gs6e6\">regulatory </div><div class=\"t m0 h3a ff2 fs5 fc3 sc0 lse ws71 gs6e7\">provisions<span class=\"_ _383\"> </span></div><div class=\"t m0 h3a ff2 fs5 fc3 sc0 lse ws71 gs6e8\">\u00a3m<span class=\"_ _383\"> </span></div><div class=\"t m0 h3a ff2 fs5 fc3 sc0 lse ws2 gs6e9\">ECL on </div><div class=\"t m0 h3a ff2 fs5 fc3 sc0 lse ws2 gs6ea\">undrawn loan </div><div class=\"t m0 h3a ff2 fs5 fc3 sc0 lse ws71 gs6eb\">facilities<span class=\"_ _383\"> </span></div><div class=\"t m0 h3a ff2 fs5 fc3 sc0 lse ws71 gs6ec\">\u00a3m<span class=\"_ _383\"> </span></div><div class=\"t m0 h3a ff2 fs5 fc3 sc0 lsc2 wsc1 gs6ed\">To<span class=\"_ _1\"></span>t<span class=\"_ _2\"></span>a<span class=\"_ _1\"></span>l<span class=\"_ _383\"> </span></div><div class=\"t m0 h3a ff2 fs5 fc3 sc0 lse ws71 gs6ee\">\u00a3m<span class=\"_ _383\"> </span></div><div class=\"t m0 h8 ff1 fs5 fc3 sc0 ls69 ws70 gs6ef\">FSCS<span class=\"_ _383\"> </span></div><div class=\"t m0 h8 ff1 fs5 fc3 sc0 lse ws71 gs6f0\">\u00a3m<span class=\"_ _383\"> </span></div><div class=\"t m0 h8 ff1 fs5 fc3 sc0 lse ws71 gs6f1\">Other </div><div class=\"t m0 h8 ff1 fs5 fc3 sc0 lse ws71 gs6f2\">regulatory </div><div class=\"t m0 h8 ff1 fs5 fc3 sc0 lse ws71 gs6f3\">provisions<span class=\"_ _383\"> </span></div><div class=\"t m0 h8 ff1 fs5 fc3 sc0 lse ws71 gs6f4\">\u00a3m<span class=\"_ _383\"> </span></div><div class=\"t m0 h8 ff1 fs5 fc3 sc0 lse ws2 gs6f5\">ECL on </div><div class=\"t m0 h8 ff1 fs5 fc3 sc0 lse ws2 gs6f6\">undrawn loan </div><div class=\"t m0 h8 ff1 fs5 fc3 sc0 lse ws71 gs6f7\">facilities<span class=\"_ _383\"> </span></div><div class=\"t m0 h8 ff1 fs5 fc3 sc0 lse ws71 gs6f8\">\u00a3m<span class=\"_ _383\"> </span></div><div class=\"t m0 h8 ff1 fs5 fc3 sc0 lse1 wse5 gs6f9\">To<span class=\"_ _1\"></span>t<span class=\"_ _2\"></span>a<span class=\"_ _1\"></span>l<span class=\"_ _383\"> </span></div><div class=\"t m0 h8 ff1 fs5 fc3 sc0 lse ws71 gs6fa\">\u00a3m<span class=\"_ _383\"> </span></div><div class=\"t m0 hd ff1 fs7 fc3 sc0 ls11 ws2 gs6fb\">At 1 January<span class=\"_ _2dd\"> </span><span class=\"ff2 lsc3 wsc2\">0<span class=\"_ _1\"></span>.1<span class=\"_ _5f\"> </span><span class=\"ls14 ws11\">1.<span class=\"_ _1\"></span>5<span class=\"_ _1c2\"> </span><span class=\"ls81 wsdf\">0<span class=\"_ _1\"></span>.4<span class=\"_ _1c2\"> </span><span class=\"ls7e ws16\">2<span class=\"_ _1\"></span>.0<span class=\"_ _ca\"> </span></span></span></span></span><span class=\"lsed wsf2\">0<span class=\"_ _1\"></span>.1<span class=\"_ _ca\"> </span><span class=\"ls9f wsbc\">1.5<span class=\"_ _15e\"> </span>0.2<span class=\"_ _ca\"> </span>1.8<span class=\"_ _383\"> </span></span></span></div><div class=\"t m0 hd ff1 fs7 fc3 sc0 ls11 ws6e gs6fc\">(Cre<span class=\"_ _6\"></span>dit)/<span class=\"_ _1f6\"></span>charge<span class=\"_ _120\"> </span><span class=\"ff2 lsc3 wsc2\">(0<span class=\"_ _1\"></span>.1<span class=\"_ _1\"></span>)<span class=\"_ _55\"> </span><span class=\"ls87 wsc6\">(1.5)<span class=\"_ _1da\"> </span><span class=\"ls2 ws2\">\u2013<span class=\"_ _57\"> </span><span class=\"ls88 wse3\">(1<span class=\"_ _1\"></span>.6)<span class=\"_ _20e\"> </span></span><span class=\"ff1\">\u2013<span class=\"_ _1cc\"> </span>\u2013<span class=\"_ _53\"> </span><span class=\"ls9f wsbc\">0.2<span class=\"_ _15e\"> </span>0.2<span class=\"_ _383\"> </span></span></span></span></span></span></div><div class=\"t m0 hd ff2 fs7 fc3 sc0 ls11 ws2 gs6fd\">At 31 December<span class=\"_ _108\"> </span><span class=\"ls2\">\u2013<span class=\"_ _116\"> </span>\u2013<span class=\"_ _15c\"> </span><span class=\"ls81 wsdf\">0.4<span class=\"_ _15c\"> </span>0<span class=\"_ _1\"></span>.4<span class=\"_ _ca\"> </span><span class=\"ff1 lsed wsf2\">0<span class=\"_ _1\"></span>.1<span class=\"_ _ce\"> </span><span class=\"ls9f wsbc\">1.5<span class=\"_ _e5\"> </span><span class=\"lsd7 wsd7\">0<span class=\"_ _1\"></span>.4<span class=\"_ _e5\"> </span><span class=\"ls11 ws6e\">2.0<span class=\"_ _383\"> </span></span></span></span></span></span></span></div><div class=\"t m0 hd ff1 fs7 fc3 sc0 ls11 ws2 gs6fe\">In January 2020<span class=\"_ _8\"></span>, the Group was contac<span class=\"_ _6\"></span>ted by the FCA in connection with a multi-<span class=\"_ _6\"></span>\ufb01rm thematic revie<span class=\"_ _8\"></span>w into forbearance measur<span class=\"_ _6\"></span>es adopted </div><div class=\"t m0 hd ff1 fs7 fc3 sc0 ls11 ws2 gs6ff\">by lenders in respect o<span class=\"_ _6\"></span>f a portion of the mortgage market. The Gr<span class=\"_ _6\"></span>oup has responded to inf<span class=\"_ _6\"></span>ormation reques<span class=\"_ _6\"></span>ts from the FC<span class=\"_ _6\"></span>A. It is not possible to </div><div class=\"t m0 hd ff1 fs7 fc3 sc0 ls11 ws2 gs700\">reliably predic<span class=\"_ _6\"></span>t or estimate the outcome of the r<span class=\"_ _6\"></span>evie<span class=\"_ _6\"></span>w and theref<span class=\"_ _6\"></span><span class=\"_ _383\">ore its \ufb01nancial eff</span><span class=\"_ _6\"></span>ect, if any, on the Group.<span class=\"_ _383\"> </span><span class=\"_ _383\">\u2003</span></div>",
   "dimensions": {
    "concept": "ifrs-full:DisclosureOfOtherProvisionsContingentLiabilitiesAndContingentAssetsExplanatory",
    "language": "en",
    "entity": "scheme:213800ZBKL9BHSL2K459",
    "period": "2022-01-01T00:00:00/2023-01-01T00:00:00"
   }
  },
  "fact-579": {
   "value": "37<span class=\"_ _1f6\"></span><span class=\"_ _383\">.\u2002Pr</span><span class=\"_ _1\"></span>ovisio<span class=\"_ _1\"></span>ns and c<span class=\"_ _1\"></span>ontin<span class=\"_ _1\"></span>ge<span class=\"_ _1\"></span>nt liabilit<span class=\"_ _1\"></span>ies<span class=\"_ _383\"> </span>The Financial Services C<span class=\"_ _1\"></span>ompensation Scheme (FSCS) pr<span class=\"_ _6\"></span>ovides prot<span class=\"_ _6\"></span>ection of deposits for the cus<span class=\"_ _6\"></span>tomers of authorise<span class=\"_ _6\"></span>d \ufb01nancial servic<span class=\"_ _1\"></span>es \ufb01rms, should a \ufb01rm collapse. FSC<span class=\"_ _6\"></span>S protects r<span class=\"_ _6\"></span>etail deposits o<span class=\"_ _6\"></span>f up to \u00a385k for single account holders and \u00a317<span class=\"_ _8\"></span>0k for joint holders<span class=\"_ _6\"></span>. As OSB and CCFS both hold banking licences, the full FSC<span class=\"_ _6\"></span>S protection is av<span class=\"_ _6\"></span>ailable to customer<span class=\"_ _6\"></span>s of each Bank. The compensation paid out to consumers is initially funded through loans fr<span class=\"_ _6\"></span>om the BoE and HM T<span class=\"_ _8\"></span>reasury. In order to r<span class=\"_ _6\"></span>epay the loans and cov<span class=\"_ _6\"></span>er its costs<span class=\"_ _6\"></span>, the FSC<span class=\"_ _6\"></span>S charges le<span class=\"_ _6\"></span>vies on \ufb01rms regulated by the PRA and the Financial Conduct A<span class=\"_ _6\"></span>uthority (FCA). The Gr<span class=\"_ _6\"></span>oup is among those \ufb01rms and pays the FSCS a le<span class=\"_ _6\"></span>vy based on its share o<span class=\"_ _6\"></span>f total UK deposits<span class=\"_ _6\"></span>. The Group has re<span class=\"_ _6\"></span>view<span class=\"_ _8\"></span>ed its current exposur<span class=\"_ _6\"></span>e to Payment Pro<span class=\"_ _6\"></span>tection Insurance (PPI) claims<span class=\"_ _6\"></span>, following the FC<span class=\"_ _8\"></span>A deadline for PPI claims on 29 August 2019 and has re<span class=\"_ _6\"></span>duced its provision t<span class=\"_ _6\"></span>o less than \u00a30.<span class=\"_ _8\"></span>1m as at 31 December 2022 (2<span class=\"_ _6\"></span>021: \u00a30.<span class=\"_ _6\"></span>3m).<span class=\"_ _383\"> </span>The Group has release<span class=\"_ _6\"></span>d its pro<span class=\"_ _6\"></span>vision for conduct related e<span class=\"_ _6\"></span>xposures of \u00a31.2m follo<span class=\"_ _8\"></span>wing c<span class=\"_ _1\"></span>ompletion of an internal r<span class=\"_ _6\"></span>evie<span class=\"_ _6\"></span>w<span class=\"_ _8\"></span>.<span class=\"_ _383\"> </span>An analysis of the Group<span class=\"_ _8\"></span>\u2019<span class=\"_ _8\"></span>s FSCS and other pro<span class=\"_ _6\"></span>visions is present<span class=\"_ _6\"></span>ed below:<span class=\"_ _383\"> </span>2022<span class=\"_ _2dc\"> </span><span class=\"ff1\">2021<span class=\"_ _383\"> </span></span>FSCS<span class=\"_ _383\"> </span>\u00a3m<span class=\"_ _383\"> </span>Other regulatory provisions<span class=\"_ _383\"> </span>\u00a3m<span class=\"_ _383\"> </span>ECL on undrawn loan facilities<span class=\"_ _383\"> </span>\u00a3m<span class=\"_ _383\"> </span>To<span class=\"_ _1\"></span>t<span class=\"_ _2\"></span>a<span class=\"_ _1\"></span>l<span class=\"_ _383\"> </span>\u00a3m<span class=\"_ _383\"> </span>FSCS<span class=\"_ _383\"> </span>\u00a3m<span class=\"_ _383\"> </span>Other regulatory provisions<span class=\"_ _383\"> </span>\u00a3m<span class=\"_ _383\"> </span>ECL on undrawn loan facilities<span class=\"_ _383\"> </span>\u00a3m<span class=\"_ _383\"> </span>To<span class=\"_ _1\"></span>t<span class=\"_ _2\"></span>a<span class=\"_ _1\"></span>l<span class=\"_ _383\"> </span>\u00a3m<span class=\"_ _383\"> </span>At 1 January<span class=\"_ _2dd\"> </span><span class=\"ff2 lsc3 wsc2\">0<span class=\"_ _1\"></span>.1<span class=\"_ _5f\"> </span><span class=\"ls14 ws11\">1.<span class=\"_ _1\"></span>5<span class=\"_ _1c2\"> </span><span class=\"ls81 wsdf\">0<span class=\"_ _1\"></span>.4<span class=\"_ _1c2\"> </span><span class=\"ls7e ws16\">2<span class=\"_ _1\"></span>.0<span class=\"_ _ca\"> </span></span></span></span></span><span class=\"lsed wsf2\">0<span class=\"_ _1\"></span>.1<span class=\"_ _ca\"> </span><span class=\"ls9f wsbc\">1.5<span class=\"_ _15e\"> </span>0.2<span class=\"_ _ca\"> </span>1.8<span class=\"_ _383\"> </span></span></span>(Cre<span class=\"_ _6\"></span>dit)/<span class=\"_ _1f6\"></span>charge<span class=\"_ _120\"> </span><span class=\"ff2 lsc3 wsc2\">(0<span class=\"_ _1\"></span>.1<span class=\"_ _1\"></span>)<span class=\"_ _55\"> </span><span class=\"ls87 wsc6\">(1.5)<span class=\"_ _1da\"> </span><span class=\"ls2 ws2\">\u2013<span class=\"_ _57\"> </span><span class=\"ls88 wse3\">(1<span class=\"_ _1\"></span>.6)<span class=\"_ _20e\"> </span></span><span class=\"ff1\">\u2013<span class=\"_ _1cc\"> </span>\u2013<span class=\"_ _53\"> </span><span class=\"ls9f wsbc\">0.2<span class=\"_ _15e\"> </span>0.2<span class=\"_ _383\"> </span></span></span></span></span></span>At 31 December<span class=\"_ _108\"> </span><span class=\"ls2\">\u2013<span class=\"_ _116\"> </span>\u2013<span class=\"_ _15c\"> </span><span class=\"ls81 wsdf\">0.4<span class=\"_ _15c\"> </span>0<span class=\"_ _1\"></span>.4<span class=\"_ _ca\"> </span><span class=\"ff1 lsed wsf2\">0<span class=\"_ _1\"></span>.1<span class=\"_ _ce\"> </span><span class=\"ls9f wsbc\">1.5<span class=\"_ _e5\"> </span><span class=\"lsd7 wsd7\">0<span class=\"_ _1\"></span>.4<span class=\"_ _e5\"> </span><span class=\"ls11 ws6e\">2.0<span class=\"_ _383\"> </span></span></span></span></span></span></span>In January 2020<span class=\"_ _8\"></span>, the Group was contac<span class=\"_ _6\"></span>ted by the FCA in connection with a multi-<span class=\"_ _6\"></span>\ufb01rm thematic revie<span class=\"_ _8\"></span>w into forbearance measur<span class=\"_ _6\"></span>es adopted by lenders in respect o<span class=\"_ _6\"></span>f a portion of the mortgage market. The Gr<span class=\"_ _6\"></span>oup has responded to inf<span class=\"_ _6\"></span>ormation reques<span class=\"_ _6\"></span>ts from the FC<span class=\"_ _6\"></span>A. It is not possible to reliably predic<span class=\"_ _6\"></span>t or estimate the outcome of the r<span class=\"_ _6\"></span>evie<span class=\"_ _6\"></span>w and theref<span class=\"_ _6\"></span><span class=\"_ _383\">ore its \ufb01nancial eff</span><span class=\"_ _6\"></span>ect, if any, on the Group.<span class=\"_ _383\"> </span>",
   "dimensions": {
    "concept": "ifrs-full:DisclosureOfProvisionsExplanatory",
    "language": "en",
    "entity": "scheme:213800ZBKL9BHSL2K459",
    "period": "2022-01-01T00:00:00/2023-01-01T00:00:00"
   }
  },
  "fact-534": {
   "value": "39<span class=\"_ _8\"></span><span class=\"_ _383\">.\u2002Sub</span><span class=\"_ _1\"></span>ordinat<span class=\"_ _1\"></span>ed liabilitie<span class=\"_ _1\"></span>s<span class=\"_ _383\"> </span>The Group<span class=\"_ _8\"></span>\u2019<span class=\"_ _6\"></span>s outst<span class=\"_ _6\"></span>anding subordinated liabilities ar<span class=\"_ _6\"></span>e summarised below:<span class=\"_ _383\"> </span>2022<span class=\"_ _383\"> </span>\u00a3m<span class=\"_ _383\"> </span>2021<span class=\"_ _383\"> </span>\u00a3m<span class=\"_ _383\"> </span>At 1 January<span class=\"_ _2e2\"> </span><span class=\"ff2 ws6e\">10.3<span class=\"_ _61\"> </span></span><span class=\"ls6f ws75\">10.5<span class=\"_ _383\"> </span></span>Repayment o<span class=\"_ _6\"></span>f debt<span class=\"_ _2e3\"> </span><span class=\"ff2 ls1e ws43\">(10.<span class=\"_ _1\"></span>3)<span class=\"_ _9d\"> </span></span><span class=\"lscc wscd\">(0.<span class=\"_ _1\"></span>2)<span class=\"_ _383\"> </span></span>At 31 December<span class=\"_ _27d\"> </span><span class=\"ls2\">\u2013<span class=\"_ _9c\"> </span><span class=\"ff1 ls9f wsbc\">10.3<span class=\"_ _383\"> </span></span></span>The table below sho<span class=\"_ _8\"></span>ws a reconciliation of the Group<span class=\"_ _8\"></span>\u2019<span class=\"_ _6\"></span>s subordinated liabilities during the year:<span class=\"_ _383\"> </span>2022<span class=\"_ _383\"> </span>\u00a3m<span class=\"_ _383\"> </span>2021<span class=\"_ _383\"> </span>\u00a3m<span class=\"_ _383\"> </span>Link<span class=\"_ _6\"></span>ed to LIBOR:<span class=\"_ _2e4\"> </span><span class=\"ff2 ls2\"> </span><span class=\"_ _383\">\u2002\u2002Floating rate subor</span><span class=\"_ _8\"></span>dinated loans 2022 (LIBOR +2%)<span class=\"_ _2e5\"> </span><span class=\"ff2 ls2\">\u2013<span class=\"_ _52\"> </span></span><span class=\"lsed wsf2\">0<span class=\"_ _1\"></span>.1<span class=\"_ _383\"> </span></span>Fixed r<span class=\"_ _6\"></span>ate:<span class=\"_ _2e6\"> </span><span class=\"ff2 ls2\"> </span><span class=\"_ _383\">\u2002\u2002Subordinated liabilities 2</span><span class=\"_ _6\"></span>024 (7<span class=\"_ _9\"></span>.<span class=\"_ _8\"></span>45%)<span class=\"_ _1ce\"> </span><span class=\"ff2 ls2\">\u2013<span class=\"_ _4f\"> </span></span><span class=\"ls9f wsbc\">10.<span class=\"_ _1\"></span>2</span> <span class=\"_ _266\"> </span><span class=\"ff2\">\u2013<span class=\"_ _9c\"> </span></span><span class=\"ls9f wsbc\">10.<span class=\"_ _1\"></span>3<span class=\"_ _383\"> </span></span>During the year<span class=\"_ _8\"></span>, the \ufb01xed rat<span class=\"_ _6\"></span>e subordinated liabilities w<span class=\"_ _6\"></span>ere fully r<span class=\"_ _6\"></span>epaid at a premium of \u00a30<span class=\"_ _8\"></span>.7<span class=\"_ _8\"></span>m, which is recognised in interes<span class=\"_ _6\"></span>t payable and similar charges<span class=\"_ _6\"></span>. The LIBOR link<span class=\"_ _8\"></span>ed subordinated liabilities wer<span class=\"_ _6\"></span>e redeemed in September 2<span class=\"_ _6\"></span>022. <span class=\"_ _383\">40.\u2002</span><span class=\"_ _6\"></span>Perpetual Subordi<span class=\"_ _6\"></span>nated Bonds<span class=\"_ _383\"> </span>2022<span class=\"_ _383\"> </span>\u00a3m<span class=\"_ _383\"> </span>2021<span class=\"_ _383\"> </span>\u00a3m<span class=\"_ _383\"> </span>Sterling PSBs (4<span class=\"_ _8\"></span>.6007%)<span class=\"_ _2e7\"> </span><span class=\"ff2 lscd wsce\">15.2<span class=\"_ _61\"> </span></span><span class=\"ls9f wsbc\">15<span class=\"_ _1\"></span>.2<span class=\"_ _383\"> </span></span>The bonds are list<span class=\"_ _6\"></span>ed on the London S<span class=\"_ _6\"></span>tock Exchange<span class=\"_ _6\"></span>. The 4<span class=\"_ _6\"></span>.600<span class=\"_ _6\"></span>7% bonds wer<span class=\"_ _6\"></span>e issued with no discretion o<span class=\"_ _6\"></span>ver the payment o<span class=\"_ _6\"></span>f inter<span class=\"_ _6\"></span>est and may not be settled in the Gr<span class=\"_ _6\"></span>oup<span class=\"_ _6\"></span>\u2019<span class=\"_ _8\"></span>s own equity. They are theref<span class=\"_ _6\"></span>ore classi\ufb01ed as \ufb01nancial liabilities<span class=\"_ _6\"></span>. The coupon rate is 4<span class=\"_ _8\"></span>.6007% until the ne<span class=\"_ _6\"></span>xt reset date on 2<span class=\"_ _6\"></span>7 August 2<span class=\"_ _6\"></span>024<span class=\"_ _6\"></span>.<span class=\"_ _383\"> </span>",
   "dimensions": {
    "concept": "ifrs-full:DisclosureOfSubordinatedLiabilitiesExplanatory",
    "language": "en",
    "entity": "scheme:213800ZBKL9BHSL2K459",
    "period": "2022-01-01T00:00:00/2023-01-01T00:00:00"
   }
  },
  "fact-535": {
   "value": "<span class=\"_ _383\">41.\u2002Recon</span><span class=\"_ _1\"></span>ciliat<span class=\"_ _1\"></span>ion of c<span class=\"_ _1\"></span>ash \ufb02<span class=\"_ _1\"></span>ows for \ufb01n<span class=\"_ _1\"></span>anc<span class=\"_ _1\"></span>ing ac<span class=\"_ _1\"></span>tiv<span class=\"_ _1\"></span>ities<span class=\"_ _383\"> </span>The tables below sho<span class=\"_ _8\"></span>w a reconciliation of the Group<span class=\"_ _6\"></span>\u2019<span class=\"_ _8\"></span>s liabilities classi\ufb01ed as \ufb01nancing activities within the Consolidated Statement o<span class=\"_ _6\"></span>f Cash Flows:<span class=\"_ _383\"> </span>Restated<span class=\"ls2 ws2\"><span class=\"_ _383\">1<span class=\"_ _383\"> </span></span></span>Amounts ow<span class=\"_ _6\"></span>ed to credit institutions (see note 31)<span class=\"_ _383\"> </span>\u00a3m<span class=\"_ _383\"> </span>Debt securities in issue (see note 34)<span class=\"_ _383\"> </span>\u00a3m<span class=\"_ _383\"> </span>Subordinated liabilities (see note 39)<span class=\"_ _383\"> </span>\u00a3m<span class=\"_ _383\"> </span>PSBs (see note 40)<span class=\"_ _383\"> </span>\u00a3m<span class=\"_ _383\"> </span>To<span class=\"_ _1\"></span>t<span class=\"_ _2\"></span>a<span class=\"_ _1\"></span>l<span class=\"_ _383\"> </span>\u00a3m<span class=\"_ _383\"> </span>At 1 January 2<span class=\"_ _6\"></span>021<span class=\"_ _f5\"> </span><span class=\"ls88 wse3\">3,570<span class=\"_ _1\"></span>.<span class=\"_ _1\"></span>2<span class=\"_ _5c\"> </span><span class=\"ls86 wsf1\">42<span class=\"_ _1\"></span>1<span class=\"_ _2\"></span>.9<span class=\"_ _61\"> </span><span class=\"ls6f ws75\">10.5<span class=\"_ _61\"> </span><span class=\"lsc8 wsc8\">3<span class=\"_ _0\"></span>7.<span class=\"_ _0\"></span>6<span class=\"_ _6b\"> </span></span></span></span>4,0<span class=\"_ _1\"></span>4<span class=\"_ _1\"></span>0.<span class=\"_ _1\"></span>2<span class=\"_ _383\"> </span></span>Cash mov<span class=\"_ _6\"></span>ements:<span class=\"_ _210\"> </span><span class=\"ff1 ls2\"> <span class=\"_ _21a\"> </span> <span class=\"_ _11a\"> </span> <span class=\"_ _21a\"> </span> <span class=\"_ _11a\"> </span> </span>Principal draw<span class=\"_ _6\"></span>downs<span class=\"ls2\"><span class=\"_ _383\">1</span><span class=\"_ _197\"> </span><span class=\"lsc8 wsc8\">4<span class=\"_ _0\"></span>,<span class=\"_ _0\"></span>7<span class=\"_ _0\"></span>4<span class=\"_ _2\"></span>7.<span class=\"_ _0\"></span>6<span class=\"_ _5c\"> </span><span class=\"ls7a wsa1\">195.6<span class=\"_ _1cc\"> </span></span></span>\u2013<span class=\"_ _1cc\"> </span>\u2013<span class=\"_ _d2\"> </span><span class=\"lsc5 wsc4\">4,9<span class=\"_ _2\"></span>4<span class=\"_ _1\"></span>3<span class=\"_ _2\"></span>.<span class=\"_ _2\"></span>2<span class=\"_ _383\"> </span></span></span>Principal repayment<span class=\"_ _6\"></span>s<span class=\"_ _2e8\"> </span><span class=\"ls89 wscc\">(<span class=\"_ _1\"></span>4<span class=\"_ _1\"></span>,1<span class=\"_ _1\"></span>1<span class=\"_ _1\"></span>3<span class=\"_ _1\"></span>.<span class=\"_ _1\"></span>7<span class=\"_ _0\"></span>)<span class=\"_ _83\"> </span><span class=\"lsf8 wsfd\">(<span class=\"_ _1\"></span>1<span class=\"_ _2\"></span>5<span class=\"_ _2\"></span>9.<span class=\"_ _2\"></span>5<span class=\"_ _2\"></span>)<span class=\"_ _55\"> </span><span class=\"lscc wscd\">(0.2)<span class=\"_ _a9\"> </span><span class=\"lsc7 ws7f\">(22<span class=\"_ _1\"></span>.0<span class=\"_ _1\"></span>)<span class=\"_ _fd\"> </span><span class=\"lsd7 wsd7\">(<span class=\"_ _2\"></span>4<span class=\"_ _1\"></span>,<span class=\"_ _2\"></span>2<span class=\"_ _2\"></span>9<span class=\"_ _1\"></span>5<span class=\"_ _1\"></span>.4)<span class=\"_ _383\"> </span></span></span></span></span></span>Inter<span class=\"_ _6\"></span>est paid<span class=\"_ _253\"> </span><span class=\"lsd7 wsd7\">(<span class=\"_ _1\"></span>4<span class=\"_ _1\"></span>.4)<span class=\"_ _d0\"> </span><span class=\"lsc7 ws7f\">(1<span class=\"_ _1\"></span>.<span class=\"_ _1\"></span>6)<span class=\"_ _96\"> </span><span class=\"lscc wscd\">(0.8)<span class=\"_ _61\"> </span></span>(1<span class=\"_ _1\"></span>.<span class=\"_ _1\"></span>6)<span class=\"_ _55\"> </span></span>(<span class=\"_ _1\"></span>8<span class=\"_ _1\"></span>.4<span class=\"_ _1\"></span>)<span class=\"_ _383\"> </span></span>Non-cash movemen<span class=\"_ _6\"></span>ts:<span class=\"_ _ac\"> </span><span class=\"ff1 ls2\"> <span class=\"_ _21a\"> </span> <span class=\"_ _11a\"> </span> <span class=\"_ _11a\"> </span> <span class=\"_ _21a\"> </span> </span>Inter<span class=\"_ _6\"></span>est charge<span class=\"_ _6\"></span>d<span class=\"_ _2e9\"> </span><span class=\"ls88 wse3\">4.5<span class=\"_ _5f\"> </span><span class=\"ls86 wsf1\">3<span class=\"_ _1\"></span>.9<span class=\"_ _e5\"> </span><span class=\"ls9f wsbc\">0.8<span class=\"_ _52\"> </span>1.<span class=\"_ _1\"></span>2<span class=\"_ _d0\"> </span><span class=\"lsd7 wsd7\">1<span class=\"_ _1\"></span>0<span class=\"_ _1\"></span>.4<span class=\"_ _383\"> </span></span></span></span></span>At 31 December 2021<span class=\"ls2\"><span class=\"_ _383\">1</span><span class=\"_ _e1\"> </span><span class=\"ls88 wse3\">4,2<span class=\"_ _1\"></span>0<span class=\"_ _1\"></span>4.<span class=\"_ _1\"></span>2<span class=\"_ _a9\"> </span><span class=\"ls9f wsbc\">460.<span class=\"_ _1\"></span>3<span class=\"_ _61\"> </span>10.3<span class=\"_ _61\"> </span>15<span class=\"_ _1\"></span>.2<span class=\"_ _121\"> </span></span>4,<span class=\"_ _1\"></span>69<span class=\"_ _1\"></span>0.<span class=\"_ _1\"></span>0<span class=\"_ _383\"> </span></span></span>Cash mov<span class=\"_ _6\"></span>ements:<span class=\"_ _210\"> </span><span class=\"ff1 ls2\"> <span class=\"_ _21a\"> </span> <span class=\"_ _11a\"> </span> <span class=\"_ _21a\"> </span> <span class=\"_ _11a\"> </span> </span>Principal draw<span class=\"_ _6\"></span>downs<span class=\"_ _2ea\"> </span><span class=\"ff2 lsc6 wsc5\">4<span class=\"_ _1\"></span>2<span class=\"_ _2\"></span>9.<span class=\"_ _1\"></span>5<span class=\"_ _d9\"> </span><span class=\"ls2 ws2\">\u2013<span class=\"_ _1cc\"> </span>\u2013<span class=\"_ _1cc\"> </span>\u2013<span class=\"_ _50\"> </span></span>42<span class=\"_ _2\"></span>9.<span class=\"_ _2\"></span>5<span class=\"_ _383\"> </span></span>Principal repayment<span class=\"_ _6\"></span>s<span class=\"_ _dd\"> </span><span class=\"ff2 ls87 wsc6\">(120.5)<span class=\"_ _a1\"> </span><span class=\"ls88 wse3\">(1<span class=\"_ _1\"></span>93<span class=\"_ _1\"></span>.<span class=\"_ _1\"></span>6)<span class=\"_ _18d\"> </span><span class=\"lse3 wse7\">(10.<span class=\"_ _8\"></span>1)<span class=\"_ _1da\"> </span><span class=\"ls2 ws2\">\u2013<span class=\"_ _73\"> </span><span class=\"ls7f wse1\">(3<span class=\"_ _1\"></span>24<span class=\"_ _1\"></span>.<span class=\"_ _1\"></span>2)<span class=\"_ _383\"> </span></span></span></span></span></span>Inter<span class=\"_ _6\"></span>est paid<span class=\"_ _2eb\"> </span><span class=\"ff2 ls7f wse1\">(34.<span class=\"_ _1\"></span>8)<span class=\"_ _5c\"> </span><span class=\"lscc wscd\">(8<span class=\"_ _1\"></span>.<span class=\"_ _1\"></span>5)<span class=\"_ _55\"> </span><span class=\"ls1e ws43\">(1.3)<span class=\"_ _2ab\"> </span><span class=\"ls88 wse3\">(0.7<span class=\"_ _2\"></span>)<span class=\"_ _70\"> </span></span>(<span class=\"_ _1\"></span>45<span class=\"_ _1\"></span>.3)<span class=\"_ _383\"> </span></span></span></span>Non-cash movemen<span class=\"_ _6\"></span>ts:<span class=\"_ _ac\"> </span><span class=\"ls2\"> <span class=\"_ _11a\"> </span> <span class=\"_ _11a\"> </span> <span class=\"_ _11a\"> </span> <span class=\"_ _11a\"> </span> </span>Inter<span class=\"_ _6\"></span>est charge<span class=\"_ _6\"></span>d<span class=\"_ _161\"> </span><span class=\"ff2 ws6e\">64.<span class=\"_ _1\"></span>8<span class=\"_ _5f\"> </span><span class=\"lsc4 wsc3\">7.<span class=\"_ _2\"></span>7<span class=\"_ _2ec\"> </span><span class=\"lsc3 wsc2\">1<span class=\"_ _1\"></span>.1<span class=\"_ _53\"> </span></span></span>0.7<span class=\"_ _9d\"> </span>7<span class=\"_ _1\"></span>4.3<span class=\"_ _383\"> </span></span>At 31 December 2022<span class=\"_ _29\"> </span><span class=\"ls2c ws29\">4,543.2<span class=\"_ _86\"> </span><span class=\"lsc5 wsc4\">26<span class=\"_ _2\"></span>5<span class=\"_ _1\"></span>.9<span class=\"_ _d9\"> </span></span></span><span class=\"ls2\">\u2013<span class=\"_ _55\"> </span><span class=\"lscd wsce\">15.2<span class=\"_ _89\"> </span></span></span><span class=\"ws6e\">4,82<span class=\"_ _1\"></span>4.3<span class=\"_ _383\"> </span></span>1. <span class=\"_ _41\"> </span>202<span class=\"_ _1\"></span>1 \ufb01gu<span class=\"_ _1\"></span>re<span class=\"_ _1\"></span>s re<span class=\"_ _1\"></span>st<span class=\"_ _1\"></span>ate<span class=\"_ _1\"></span>d se<span class=\"_ _1\"></span>e n<span class=\"_ _1\"></span>ote 1 b) for f<span class=\"_ _1\"></span>ur<span class=\"_ _1\"></span>th<span class=\"_ _1\"></span>er d<span class=\"_ _1\"></span>et<span class=\"_ _1\"></span>ail<span class=\"_ _1\"></span>s.<span class=\"_ _383\"> </span><div class=\"t m0 hc ff2 fs7 fc2 sc0 ls2 ws2 gsc8f\"><span class=\"_ _383\">50.\u2002Adjus</span><span class=\"_ _1\"></span>tme<span class=\"_ _1\"></span>nts f<span class=\"_ _1\"></span>or non<span class=\"_ _1\"></span>-<span class=\"_ _1\"></span>cas<span class=\"_ _1\"></span>h item<span class=\"_ _1\"></span>s and ch<span class=\"_ _1\"></span>ange<span class=\"_ _1\"></span>s in op<span class=\"_ _1\"></span>era<span class=\"_ _1\"></span>ting as<span class=\"_ _1\"></span>se<span class=\"_ _1\"></span>ts and li<span class=\"_ _1\"></span>abiliti<span class=\"_ _1\"></span>es<span class=\"_ _383\"> </span></div><div class=\"t m0 h3a ff2 fs5 fc3 sc0 lse ws71 gsc90\">2022<span class=\"_ _383\"> </span></div><div class=\"t m0 h3a ff2 fs5 fc3 sc0 lse ws71 gsc91\">\u00a3m<span class=\"_ _383\"> </span></div><div class=\"t m0 h8 ff1 fs5 fc3 sc0 lsc9 wsc9 gsc92\">Restated<span class=\"ls2 ws2\"><span class=\"_ _383\">1<span class=\"_ _383\"> </span></span></span></div><div class=\"t m0 h8 ff1 fs5 fc3 sc0 lse ws71 gsc93\">2021<span class=\"_ _383\"> </span></div><div class=\"t m0 h8 ff1 fs5 fc3 sc0 lse ws71 gsc94\">\u00a3m<span class=\"_ _383\"> </span></div><div class=\"t m0 hd ff2 fs7 fc3 sc0 ls11 ws2 gsc95\">Adjustments f<span class=\"_ _6\"></span>or non-cash items:<span class=\"_ _28b\"> </span><span class=\"ls2\"> <span class=\"_ _21a\"> </span><span class=\"ff1\"> </span></span></div><div class=\"t m0 hd ff1 fs7 fc3 sc0 ls11 ws2 gsc96\">Depreciation and amortisation<span class=\"_ _355\"> </span><span class=\"ff2 ls81 wsdf\">13<span class=\"_ _1\"></span>.4<span class=\"_ _1\"></span> <span class=\"_ _96\"> </span></span><span class=\"ls88 wse3\">1<span class=\"_ _1\"></span>4.5<span class=\"_ _1\"></span> </span></div><div class=\"t m0 hd ff1 fs7 fc3 sc0 ls11 ws2 gsc97\">Inter<span class=\"_ _6\"></span>est on inv<span class=\"_ _6\"></span>estmen<span class=\"_ _6\"></span>t securities<span class=\"_ _231\"> </span><span class=\"ff2 lsa wse4\">(6.<span class=\"_ _1\"></span>8<span class=\"_ _1\"></span>)<span class=\"_ _96\"> </span></span><span class=\"lsc7 ws7f\">(2.5<span class=\"_ _1\"></span>)<span class=\"_ _383\"> </span></span></div><div class=\"t m0 hd ff1 fs7 fc3 sc0 ls11 ws2 gsc98\">Integr<span class=\"_ _6\"></span>ation cost<span class=\"_ _356\"> </span><span class=\"ff2 ls2\">\u2013 <span class=\"_ _1b4\"> </span></span><span class=\"ls9f wsbc\">0.6 </span></div><div class=\"t m0 hd ff1 fs7 fc3 sc0 ls11 ws2 gsc99\">Inter<span class=\"_ _6\"></span>est on subordinat<span class=\"_ _6\"></span>ed liabilities<span class=\"_ _349\"> </span><span class=\"ff2 lsc3 wsc2\">1.1<span class=\"_ _2\"></span> <span class=\"_ _1b4\"> </span></span><span class=\"ls9f wsbc\">0.8 </span></div><div class=\"t m0 hd ff1 fs7 fc3 sc0 ls11 ws2 gsc9a\">Inter<span class=\"_ _6\"></span>est on PSBs<span class=\"_ _237\"> </span><span class=\"ff2 ws6e\">0.7 <span class=\"_ _15c\"> </span></span><span class=\"ls9f wsbc\">1.<span class=\"_ _1\"></span>2 </span></div><div class=\"t m0 hd ff1 fs7 fc3 sc0 ls11 ws2 gsc9b\">Inter<span class=\"_ _6\"></span>est on securitised debt<span class=\"_ _357\"> </span><span class=\"ff2 lsc4 wsc3\">7.<span class=\"_ _2\"></span>7<span class=\"_ _0\"></span> <span class=\"_ _63\"> </span></span><span class=\"ls86 wsf1\">3<span class=\"_ _2\"></span>.9<span class=\"_ _1\"></span> </span></div><div class=\"t m0 hd ff1 fs7 fc3 sc0 ls11 ws2 gsc9c\">Inter<span class=\"_ _6\"></span>est on \ufb01nancing debt<span class=\"_ _1f7\"> </span><span class=\"ff2 lscd wsce\">68.7 <span class=\"_ _57\"> </span></span><span class=\"ls7a wsa1\">5.<span class=\"_ _1\"></span>3 </span></div><div class=\"t m0 hd ff1 fs7 fc3 sc0 ls11 ws2 gsc9d\">Impairment char<span class=\"_ _6\"></span>ge/(cre<span class=\"_ _6\"></span>dit) on loans<span class=\"_ _358\"> </span><span class=\"ff2 lsc6 wsc5\">2<span class=\"_ _1\"></span>9.<span class=\"_ _2\"></span>8<span class=\"_ _2\"></span> <span class=\"_ _254\"> </span></span><span class=\"lsd7 wsd7\">(<span class=\"_ _2\"></span>4<span class=\"_ _1\"></span>.4)<span class=\"_ _383\"> </span></span></div><div class=\"t m0 hd ff1 fs7 fc3 sc0 ls11 ws2 gsc9e\">Impairment credit on in<span class=\"_ _6\"></span>tangible assets acquir<span class=\"_ _6\"></span>ed on Combination<span class=\"_ _1a0\"> </span><span class=\"ff2 ls2\">\u2013 <span class=\"_ _d0\"> </span></span><span class=\"lsed wsf2\">(<span class=\"_ _1\"></span>3<span class=\"_ _2\"></span>.1<span class=\"_ _1\"></span>)<span class=\"_ _383\"> </span></span></div><div class=\"t m0 hd ff1 fs7 fc3 sc0 ls11 ws2 gsc9f\">Gain on sale of \ufb01nancial instrumen<span class=\"_ _6\"></span>ts<span class=\"_ _359\"> </span><span class=\"ff2 ls2\">\u2013 <span class=\"_ _96\"> </span></span><span class=\"ls88 wse3\">(<span class=\"_ _1\"></span>4.<span class=\"_ _1\"></span>0)<span class=\"_ _383\"> </span></span></div><div class=\"t m0 hd ff1 fs7 fc3 sc0 ls11 ws2 gsca0\">Administr<span class=\"_ _6\"></span>ative e<span class=\"_ _6\"></span>xpenses<span class=\"_ _2ef\"> </span><span class=\"ff2 ls14 ws11\">1.3 <span class=\"_ _3f\"> </span></span><span class=\"ls2\">\u2013 </span></div><div class=\"t m0 hd ff1 fs7 fc3 sc0 ls11 ws6e gsca1\">Pro<span class=\"_ _6\"></span>visions <span class=\"_ _262\"> </span><span class=\"ff2 ls88 wse3\">(1.6)<span class=\"_ _d0\"> </span></span><span class=\"ls9f wsbc\">0.2<span class=\"_ _1\"></span> </span></div><div class=\"t m0 hd ff1 fs7 fc3 sc0 ls11 ws2 gsca2\">Inter<span class=\"_ _6\"></span>est on lease liabilities<span class=\"_ _1a5\"> </span><span class=\"ff2 ws6e\">0.<span class=\"_ _1\"></span>2 <span class=\"_ _1b4\"> </span></span><span class=\"ls9f wsbc\">0.<span class=\"_ _1\"></span>3 </span></div><div class=\"t m0 hd ff1 fs7 fc3 sc0 ls11 ws2 gsca3\">Fair value gains on \ufb01nancial instrumen<span class=\"_ _6\"></span>ts<span class=\"_ _23d\"> </span><span class=\"ff2 ls1f ws1c\">(58.<span class=\"_ _8\"></span>9)<span class=\"_ _50\"> </span><span class=\"ff1 lsf8 wsfd\">(<span class=\"_ _2\"></span>2<span class=\"_ _2\"></span>9.<span class=\"_ _2\"></span>5<span class=\"_ _2\"></span>)<span class=\"_ _383\"> </span></span></span></div><div class=\"t m0 hd ff1 fs7 fc3 sc0 ls11 ws2 gsca4\">Share-based payment<span class=\"_ _6\"></span>s<span class=\"_ _222\"> </span><span class=\"ff2 lsc3 wsc2\">8<span class=\"_ _2\"></span>.1<span class=\"_ _1\"></span> <span class=\"_ _63\"> </span></span><span class=\"lse3 wse7\">6.7 </span></div><div class=\"t m0 hd ff2 fs7 fc3 sc0 ls11 ws2 gsca5\">T<span class=\"_ _8\"></span>otal adjustments for non-cash items<span class=\"_ _35a\"> </span><span class=\"lscd wsce\">63.7 <span class=\"_ _3d\"> </span><span class=\"ff1 ls7f wse1\">(<span class=\"_ _1\"></span>10.0)<span class=\"_ _383\"> </span></span></span></div><div class=\"t m0 hd ff2 fs7 fc3 sc0 ls11 ws2 gsca6\">Changes in operating assets and liabilities:<span class=\"_ _24b\"> </span><span class=\"ls2\"> <span class=\"_ _21a\"> </span><span class=\"ff1\"> </span></span></div><div class=\"t m0 hd ff1 fs7 fc3 sc0 ls11 ws2 gsca7\">(Increase<span class=\"_ _6\"></span>)/<span class=\"_ _1f6\"></span>decrease in loans and advances to cr<span class=\"_ _6\"></span>edit institutions<span class=\"_ _29e\"> </span><span class=\"ff2 ls1c wsb5\">(20<span class=\"_ _1\"></span>4<span class=\"_ _1\"></span>.6)<span class=\"_ _5c\"> </span></span><span class=\"lse3 wse7\">98.7 </span></div><div class=\"t m0 hd ff1 fs7 fc3 sc0 ls11 ws2 gsca8\">Increase in loans and advances to cus<span class=\"_ _6\"></span>tomers<span class=\"_ _1c7\"> </span><span class=\"ff2 lsc3 wsc2\">(<span class=\"_ _1\"></span>2<span class=\"_ _2\"></span>,<span class=\"_ _1\"></span>5<span class=\"_ _2\"></span>6<span class=\"_ _1\"></span>3<span class=\"_ _2\"></span>.1<span class=\"_ _1\"></span>)<span class=\"_ _19f\"> </span></span><span class=\"ls88 wse3\">(1<span class=\"_ _1\"></span>,8<span class=\"_ _1\"></span>4<span class=\"_ _1\"></span>4.0)<span class=\"_ _383\"> </span></span></div><div class=\"t m0 hd ff1 fs7 fc3 sc0 ls11 ws2 gsca9\">Increase in amount<span class=\"_ _6\"></span>s ow<span class=\"_ _6\"></span>ed to ret<span class=\"_ _6\"></span>ail depositors<span class=\"_ _23c\"> </span><span class=\"ff2 lsc6 wsc5\">2<span class=\"_ _2\"></span>,<span class=\"_ _2\"></span>2<span class=\"_ _2\"></span>2<span class=\"_ _1\"></span>9.<span class=\"_ _1\"></span>4<span class=\"_ _2\"></span> <span class=\"_ _8c\"> </span></span><span class=\"ls14 ws11\">923.<span class=\"_ _1\"></span>3 </span></div><div class=\"t m0 hd ff1 fs7 fc3 sc0 ls11 ws2 gscaa\">Increase in cash collater<span class=\"_ _6\"></span>al and margin r<span class=\"_ _6\"></span>eceived<span class=\"ls2\"><span class=\"_ _383\">1</span><span class=\"_ _207\"> </span></span><span class=\"ff2 ws6e\">434.<span class=\"_ _1\"></span>3<span class=\"_ _9d\"> </span></span><span class=\"lsd7 wsd7\">11<span class=\"_ _1\"></span>5<span class=\"_ _1\"></span>.4<span class=\"_ _383\"> </span></span></div><div class=\"t m0 hd ff1 fs7 fc3 sc0 ls11 ws2 gscab\">Net increase in other asset<span class=\"_ _6\"></span>s<span class=\"_ _35b\"> </span><span class=\"ff2 ws6e\">(4.7<span class=\"_ _2\"></span>)<span class=\"_ _b2\"> </span></span><span class=\"lsed wsf2\">(<span class=\"_ _1\"></span>1<span class=\"_ _1\"></span>.1<span class=\"_ _1\"></span>)<span class=\"_ _383\"> </span></span></div><div class=\"t m0 hd ff1 fs7 fc3 sc0 ls11 ws2 gscac\">Net increase in derivativ<span class=\"_ _8\"></span>es and hedged items<span class=\"_ _208\"> </span><span class=\"ff2 lsc6 wsc5\">5<span class=\"_ _1\"></span>9.1<span class=\"_ _2\"></span> <span class=\"_ _b2\"> </span></span><span class=\"ls7a wsa1\">3.6 </span></div><div class=\"t m0 hd ff1 fs7 fc3 sc0 ls11 ws2 gscad\">Net increase in amoun<span class=\"_ _6\"></span>ts ow<span class=\"_ _6\"></span>ed to other cus<span class=\"_ _6\"></span>tomers<span class=\"_ _1c7\"> </span><span class=\"ff2 ls2\">16.6 <span class=\"_ _96\"> </span></span><span class=\"ls86 wsf1\">1<span class=\"_ _2\"></span>8<span class=\"_ _1\"></span>.9<span class=\"_ _2\"></span> </span></div><div class=\"t m0 hd ff1 fs7 fc3 sc0 ls11 ws2 gscae\">Net increase in other liabilities <span class=\"_ _35c\"> </span><span class=\"ff2 lsc6 wsc5\">9.1<span class=\"_ _2\"></span> <span class=\"_ _15e\"> </span></span><span class=\"ls9f wsbc\">1.<span class=\"_ _1\"></span>7 </span></div><div class=\"t m0 hd ff1 fs7 fc3 sc0 ls11 ws2 gscaf\"><span class=\"_ _383\">Exchange differ</span><span class=\"_ _6\"></span>ences on working capital<span class=\"_ _35d\"> </span><span class=\"ff2 ls88 wse3\">(0.<span class=\"_ _1\"></span>3)<span class=\"_ _9c\"> </span></span><span class=\"lsed wsf2\">(0<span class=\"_ _2\"></span>.1<span class=\"_ _1\"></span>)<span class=\"_ _383\"> </span></span></div><div class=\"t m0 hd ff2 fs7 fc3 sc0 ls11 ws2 gscb0\">T<span class=\"_ _8\"></span>otal changes in operating assets and liabilities<span class=\"ls2\"><span class=\"_ _383\">1</span><span class=\"_ _35e\"> </span><span class=\"ls1c wsb5\">(24<span class=\"_ _1\"></span>.<span class=\"_ _1\"></span>2)<span class=\"_ _76\"> </span><span class=\"ff1 ls106 ws10f\">(68<span class=\"_ _2\"></span>3<span class=\"_ _1\"></span>.<span class=\"_ _1\"></span>6)<span class=\"_ _383\"> </span></span></span></span></div><div class=\"t m0 h8 ff1 fs5 fc3 sc0 ls2 ws2 gscb1\">1. <span class=\"_ _41\"> </span>202<span class=\"_ _1\"></span>1 \ufb01gu<span class=\"_ _1\"></span>re<span class=\"_ _1\"></span>s re<span class=\"_ _1\"></span>st<span class=\"_ _1\"></span>ate<span class=\"_ _1\"></span>d se<span class=\"_ _1\"></span>e n<span class=\"_ _1\"></span>ote 1 b) for f<span class=\"_ _1\"></span>ur<span class=\"_ _1\"></span>th<span class=\"_ _1\"></span>er d<span class=\"_ _1\"></span>et<span class=\"_ _1\"></span>ail<span class=\"_ _1\"></span>s<span class=\"_ _383\"> </span>.</div>",
   "dimensions": {
    "concept": "ifrs-full:DisclosureOfCashFlowStatementExplanatory",
    "language": "en",
    "entity": "scheme:213800ZBKL9BHSL2K459",
    "period": "2022-01-01T00:00:00/2023-01-01T00:00:00"
   }
  },
  "fact-599": {
   "value": "<span class=\"_ _383\">42.\u2002Sha</span><span class=\"_ _1\"></span>re cap<span class=\"_ _1\"></span>ital<span class=\"_ _383\"> </span>Ordinary shares<span class=\"_ _383\"> </span>Number of shares issued and fully paid<span class=\"_ _383\"> </span>Nominal value<span class=\"_ _383\"> </span>\u00a3m<span class=\"_ _383\"> </span>Premium<span class=\"_ _383\"> </span>\u00a3m<span class=\"_ _383\"> </span>At 1 January 2<span class=\"_ _6\"></span>021<span class=\"_ _2ed\"> </span><span class=\"ls6f ws75\">44<span class=\"_ _6\"></span>7<span class=\"_ _1f6\"></span>,312,780<span class=\"_ _76\"> </span><span class=\"lsf8 wsfd\">1<span class=\"_ _1\"></span>,<span class=\"_ _2\"></span>3<span class=\"_ _0\"></span>5<span class=\"_ _2\"></span>9.<span class=\"_ _2\"></span>8<span class=\"_ _d9\"> </span><span class=\"ls2 ws2\">\u2013 </span></span></span>Capital reduction o<span class=\"_ _6\"></span>f \u00a33.<span class=\"_ _8\"></span>04 nominal value shares to \u00a30<span class=\"_ _6\"></span>.01 nominal v<span class=\"_ _6\"></span>alue shares<span class=\"_ _db\"> </span><span class=\"ls2\">\u2013 <span class=\"_ _88\"> </span><span class=\"ls12 wsf\">(1<span class=\"_ _1\"></span>,3<span class=\"_ _1\"></span>55<span class=\"_ _1\"></span>.3)<span class=\"_ _20e\"> </span></span>\u2013 </span>Shares issued under O<span class=\"_ _6\"></span>SBG employee share plans<span class=\"_ _e1\"> </span><span class=\"ls9f wsbc\">1,315,075<span class=\"_ _d9\"> </span></span><span class=\"ls2\">\u2013 <span class=\"_ _57\"> </span><span class=\"ls9f wsbc\">0.7<span class=\"_ _383\"> </span></span></span>At 31 December 2021<span class=\"_ _1d6\"> </span><span class=\"ls2\">448,627<span class=\"_ _1f6\"></span>,855<span class=\"_ _e5\"> </span><span class=\"ls88 wse3\">4.5<span class=\"_ _8b\"> </span><span class=\"ls9f wsbc\">0.7<span class=\"_ _383\"> </span></span></span></span>Shares cancelled under repur<span class=\"_ _6\"></span>chase progr<span class=\"_ _6\"></span>amme<span class=\"_ _2aa\"> </span><span class=\"ff2 ls2\">(20,67<span class=\"_ _6\"></span>1,224)<span class=\"_ _e8\"> </span><span class=\"ls88 wse3\">(0<span class=\"_ _1\"></span>.<span class=\"_ _1\"></span>2)<span class=\"_ _1da\"> </span></span>\u2013 </span>Shares issued under O<span class=\"_ _6\"></span>SBG employee share plans<span class=\"_ _2ee\"> </span><span class=\"ff2 ls89 wscc\">1<span class=\"_ _1\"></span>,9<span class=\"_ _1\"></span>1<span class=\"_ _1\"></span>1<span class=\"_ _1\"></span>,9<span class=\"_ _1\"></span>9<span class=\"_ _2\"></span>4<span class=\"_ _d9\"> </span><span class=\"ls2 ws2\">\u2013 <span class=\"_ _63\"> </span><span class=\"lscd wsce\">1<span class=\"_ _1\"></span>.7<span class=\"_ _383\"> </span></span></span></span>At 31 December 2022<span class=\"_ _56\"> </span><span class=\"ls7a wsa1\">429<span class=\"_ _1f6\"></span>,<span class=\"_ _1\"></span>868,625<span class=\"_ _254\"> </span><span class=\"ls11 ws6e\">4.<span class=\"_ _1\"></span>3<span class=\"_ _15c\"> </span><span class=\"ls81 wsdf\">2<span class=\"_ _1\"></span>.4<span class=\"_ _383\"> </span></span></span></span>The Group<span class=\"_ _8\"></span>\u2019<span class=\"_ _6\"></span>s share r<span class=\"_ _6\"></span>epurchase progr<span class=\"_ _6\"></span>amme commenced on 18 March 2022, and allo<span class=\"_ _6\"></span>we<span class=\"_ _6\"></span>d the Group to repur<span class=\"_ _6\"></span>chase a maximum of 44<span class=\"_ _8\"></span>,799<span class=\"_ _1f6\"></span>,505 shares<span class=\"_ _6\"></span>, restric<span class=\"_ _6\"></span>ted by a total cost o<span class=\"_ _6\"></span>f \u00a3100m. The programme completed during the ye<span class=\"_ _6\"></span>ar and 20<span class=\"_ _6\"></span>,6<span class=\"_ _6\"></span>71,224 shares<span class=\"_ _6\"></span>, represen<span class=\"_ _6\"></span>ting 4<span class=\"_ _6\"></span>.6% of the issued share capital, hav<span class=\"_ _6\"></span>e been repurchased and cancelled at an av<span class=\"_ _6\"></span>erage price o<span class=\"_ _6\"></span>f \u00a34<span class=\"_ _6\"></span>.84 per shar<span class=\"_ _6\"></span>e and a total cost of \u00a3100m ex<span class=\"_ _6\"></span>cluding transaction cos<span class=\"_ _6\"></span>ts. The holders of or<span class=\"_ _6\"></span>dinary shares ar<span class=\"_ _6\"></span>e entitled to receiv<span class=\"_ _6\"></span>e dividends as declared from time to time<span class=\"_ _8\"></span>, and are entitled to one vot<span class=\"_ _6\"></span>e per share at meetings of the Company. All ordinary shares r<span class=\"_ _6\"></span>ank equally with regar<span class=\"_ _8\"></span>d to the C<span class=\"_ _1\"></span>ompany\u2019<span class=\"_ _1f6\"></span>s residual assets.<span class=\"_ _383\"> </span>All ordinary shar<span class=\"_ _6\"></span>es issued in the current and prior year w<span class=\"_ _8\"></span>ere fully paid.<span class=\"_ _383\"> </span><span class=\"_ _383\">43.\u2002</span><span class=\"_ _6\"></span>Other reserves<span class=\"_ _383\"> </span>The Group<span class=\"_ _8\"></span>\u2019<span class=\"_ _6\"></span>s other reserves ar<span class=\"_ _6\"></span>e as follow<span class=\"_ _6\"></span>s:<span class=\"_ _383\"> </span>2022<span class=\"_ _383\"> </span>\u00a3m<span class=\"_ _383\"> </span>2021<span class=\"_ _383\"> </span>\u00a3m<span class=\"_ _383\"> </span>Share-based payment<span class=\"_ _2ef\"> </span><span class=\"ff2 ls14 ws11\">13.2<span class=\"_ _37\"> </span></span><span class=\"lsd7 wsd7\">1<span class=\"_ _1\"></span>3<span class=\"_ _2\"></span>.4<span class=\"_ _383\"> </span></span>Capital redemption &amp; tr<span class=\"_ _6\"></span>ansfer<span class=\"_ _1e8\"> </span><span class=\"ff2 lse3 wse7\">(1,35<span class=\"_ _1\"></span>5.<span class=\"_ _6\"></span>1)<span class=\"_ _aa\"> </span><span class=\"ff1 ls12 wsf\">(1,<span class=\"_ _1\"></span>35<span class=\"_ _1\"></span>5.<span class=\"_ _1\"></span>3)<span class=\"_ _383\"> </span></span></span>Own shares<span class=\"_ _238\"> </span><span class=\"ff2 ls1c wsb5\">(2.<span class=\"_ _1\"></span>2)<span class=\"_ _9d\"> </span></span><span class=\"lscc wscd\">(3<span class=\"_ _1\"></span>.5<span class=\"_ _1\"></span>)<span class=\"_ _383\"> </span></span>FVOCI<span class=\"_ _2f0\"> </span><span class=\"ff2\">0.3<span class=\"_ _15e\"> </span></span><span class=\"ls9f wsbc\">0.6<span class=\"_ _383\"> </span></span>Foreign ex<span class=\"_ _6\"></span>change<span class=\"_ _2f1\"> </span><span class=\"ff2 ls1e ws43\">(1.<span class=\"_ _1\"></span>3)<span class=\"_ _b2\"> </span></span><span class=\"lsed wsf2\">(<span class=\"_ _1\"></span>1<span class=\"_ _1\"></span>.1<span class=\"_ _1\"></span>)<span class=\"_ _383\"> </span></span>A<span class=\"_ _8\"></span>T1 securities<span class=\"_ _2db\"> </span><span class=\"ff2 ls7e ws16\">15<span class=\"_ _1\"></span>0.0<span class=\"_ _18d\"> </span></span><span class=\"ls9f wsbc\">150.0</span> <span class=\"_ _2f2\"> </span><span class=\"ff2 lse3 wse7\">(1,<span class=\"_ _8\"></span>195.1)<span class=\"_ _66\"> </span><span class=\"ff1 ls86 wsf1\">(<span class=\"_ _2\"></span>1<span class=\"_ _1\"></span>,1<span class=\"_ _1\"></span>9<span class=\"_ _1\"></span>5<span class=\"_ _2\"></span>.9<span class=\"_ _1\"></span>)<span class=\"_ _383\"> </span></span></span>Capit<span class=\"_ _6\"></span>al redempt<span class=\"_ _6\"></span>ion and<span class=\"_ _6\"></span> transfer<span class=\"_ _6\"></span> reserve<span class=\"_ _383\"> </span>The capital redemption r<span class=\"_ _6\"></span>eserve repr<span class=\"_ _6\"></span>esents the shares cancelled thr<span class=\"_ _6\"></span>ough the Group<span class=\"_ _8\"></span>\u2019<span class=\"_ _6\"></span>s share r<span class=\"_ _6\"></span>epurchase progr<span class=\"_ _6\"></span>amme. On 27 Nov<span class=\"_ _6\"></span>ember 202<span class=\"_ _6\"></span>0, a ne<span class=\"_ _6\"></span>w ultimate paren<span class=\"_ _6\"></span>t company was inserted into the Gr<span class=\"_ _6\"></span>oup, being OSB<span class=\"_ _6\"></span>G. The shar<span class=\"_ _6\"></span>e capital gener<span class=\"_ _6\"></span>ated from issuing 447<span class=\"_ _9\"></span>,304<span class=\"_ _6\"></span>,<span class=\"_ _8\"></span>198 nominal shares at \u00a33.<span class=\"_ _8\"></span>04 per share, replacing the nominal shar<span class=\"_ _6\"></span>es of \u00a30<span class=\"_ _6\"></span>.<span class=\"_ _6\"></span>01 in OSB pre<span class=\"_ _8\"></span>viously recognised in share capital at the consolidation lev<span class=\"_ _6\"></span>el, created a tr<span class=\"_ _6\"></span>ansfer reserve o<span class=\"_ _6\"></span>f \u00a31,355.3m. Own s<span class=\"_ _1\"></span>hare<span class=\"_ _1\"></span>s<span class=\"_ _383\"> </span>The Company has adopted the look<span class=\"_ _6\"></span>-through appro<span class=\"_ _6\"></span>ach for the EBT<span class=\"_ _1f6\"></span>, including the EBT within the Company. As at 31 December 2022, the EB<span class=\"_ _6\"></span>T held 442,<span class=\"_ _6\"></span>568 OSBG shar<span class=\"_ _6\"></span>es (2021: 848,221 O<span class=\"_ _6\"></span>SBG shares). The Gr<span class=\"_ _6\"></span>oup and Company show these shares as a deduc<span class=\"_ _6\"></span>tion from equity, being the cost at which the shares w<span class=\"_ _6\"></span>ere acquired o<span class=\"_ _6\"></span>f \u00a32.2m (2<span class=\"_ _6\"></span>021: \u00a33.<span class=\"_ _8\"></span>5m)<span class=\"_ _383\"> </span>.<span class=\"_ _383\"> </span>FVOCI reserve<span class=\"_ _383\"> </span>The FVOCI r<span class=\"_ _6\"></span>eserve represen<span class=\"_ _6\"></span>ts the cumulative ne<span class=\"_ _6\"></span>t change in the fair value of in<span class=\"_ _6\"></span>ves<span class=\"_ _6\"></span>tment securities measured at FV<span class=\"_ _8\"></span>OCI.<span class=\"_ _1\"></span> Foreign e<span class=\"_ _6\"></span>xchange<span class=\"_ _6\"></span> reser<span class=\"_ _1\"></span>ve<span class=\"_ _383\"> </span>The foreign e<span class=\"_ _6\"></span>xchange reserve r<span class=\"_ _6\"></span>elates to the re<span class=\"_ _8\"></span>valuation of the Group<span class=\"_ _8\"></span>\u2019<span class=\"_ _6\"></span>s Indian subsidiary, OSB India Private Limite<span class=\"_ _6\"></span>d. A<span class=\"_ _8\"></span>T<span class=\"_ _1\"></span>1 Securities<span class=\"_ _383\"> </span>On 5 October 2021, O<span class=\"_ _6\"></span>SBG issued A<span class=\"_ _8\"></span>T1 securities. A<span class=\"_ _8\"></span>T1 securities comprise \u00a3<span class=\"_ _1\"></span>150.<span class=\"_ _8\"></span>0m of Fixed Rate R<span class=\"_ _6\"></span>esetting Perpetual Subordinat<span class=\"_ _6\"></span>ed Contingent Convertible Securities that qualify as A<span class=\"_ _8\"></span>T1 capital under CRD IV<span class=\"_ _8\"></span>. The securities will be subject to full conver<span class=\"_ _6\"></span>sion into or<span class=\"_ _6\"></span>dinary shares of O<span class=\"_ _6\"></span>SBG in the ev<span class=\"_ _6\"></span>ent that the Group<span class=\"_ _8\"></span>\u2019<span class=\"_ _8\"></span>s Common Equity Tier 1 (CET1) capital r<span class=\"_ _6\"></span>atio falls below 7%. The securities will pay in<span class=\"_ _6\"></span>teres<span class=\"_ _6\"></span>t at a rate o<span class=\"_ _6\"></span>f 6% per annum until the \ufb01rs<span class=\"_ _6\"></span>t reset date o<span class=\"_ _6\"></span>f 7 April 2027<span class=\"_ _9\"></span>, with the reset inter<span class=\"_ _6\"></span>est r<span class=\"_ _6\"></span>ate equal to 539<span class=\"_ _9\"></span>.3 basis points ov<span class=\"_ _6\"></span>er the 5-year Gilt Rate (benchmark gilt) for such a period. Inter<span class=\"_ _6\"></span>est is paid semi-annually in April and October<span class=\"_ _1f6\"></span>. OSBG may, at any time, cancel any inter<span class=\"_ _6\"></span>est paymen<span class=\"_ _6\"></span>t at its full discretion and mus<span class=\"_ _6\"></span>t cancel interes<span class=\"_ _6\"></span>t payments in certain circums<span class=\"_ _6\"></span>tances speci\ufb01ed in the terms and conditions of the securities. The securities are perpe<span class=\"_ _6\"></span>tual with no \ufb01xed redemption date<span class=\"_ _6\"></span>. OSBG may, in it<span class=\"_ _6\"></span>s discretion and subject to satisfying certain conditions, re<span class=\"_ _6\"></span>deem all (but not some) of the A<span class=\"_ _1f6\"></span>T1 securities at the<span class=\"_ _1\"></span> principal amount outs<span class=\"_ _6\"></span>tanding plus any accrued but unpaid inter<span class=\"_ _6\"></span>est from the \ufb01r<span class=\"_ _6\"></span>st rese<span class=\"_ _6\"></span>t date and on any inter<span class=\"_ _6\"></span>est payment date ther<span class=\"_ _6\"></span>eafter<span class=\"_ _8\"></span>.<span class=\"_ _383\"> </span>",
   "dimensions": {
    "concept": "ifrs-full:DisclosureOfShareCapitalReservesAndOtherEquityInterestExplanatory",
    "language": "en",
    "entity": "scheme:213800ZBKL9BHSL2K459",
    "period": "2022-01-01T00:00:00/2023-01-01T00:00:00"
   }
  },
  "fact-536": {
   "value": "<span class=\"_ _383\">42.\u2002Sha</span><span class=\"_ _1\"></span>re cap<span class=\"_ _1\"></span>ital<span class=\"_ _383\"> </span>Ordinary shares<span class=\"_ _383\"> </span>Number of shares issued and fully paid<span class=\"_ _383\"> </span>Nominal value<span class=\"_ _383\"> </span>\u00a3m<span class=\"_ _383\"> </span>Premium<span class=\"_ _383\"> </span>\u00a3m<span class=\"_ _383\"> </span>At 1 January 2<span class=\"_ _6\"></span>021<span class=\"_ _2ed\"> </span><span class=\"ls6f ws75\">44<span class=\"_ _6\"></span>7<span class=\"_ _1f6\"></span>,312,780<span class=\"_ _76\"> </span><span class=\"lsf8 wsfd\">1<span class=\"_ _1\"></span>,<span class=\"_ _2\"></span>3<span class=\"_ _0\"></span>5<span class=\"_ _2\"></span>9.<span class=\"_ _2\"></span>8<span class=\"_ _d9\"> </span><span class=\"ls2 ws2\">\u2013 </span></span></span>Capital reduction o<span class=\"_ _6\"></span>f \u00a33.<span class=\"_ _8\"></span>04 nominal value shares to \u00a30<span class=\"_ _6\"></span>.01 nominal v<span class=\"_ _6\"></span>alue shares<span class=\"_ _db\"> </span><span class=\"ls2\">\u2013 <span class=\"_ _88\"> </span><span class=\"ls12 wsf\">(1<span class=\"_ _1\"></span>,3<span class=\"_ _1\"></span>55<span class=\"_ _1\"></span>.3)<span class=\"_ _20e\"> </span></span>\u2013 </span>Shares issued under O<span class=\"_ _6\"></span>SBG employee share plans<span class=\"_ _e1\"> </span><span class=\"ls9f wsbc\">1,315,075<span class=\"_ _d9\"> </span></span><span class=\"ls2\">\u2013 <span class=\"_ _57\"> </span><span class=\"ls9f wsbc\">0.7<span class=\"_ _383\"> </span></span></span>At 31 December 2021<span class=\"_ _1d6\"> </span><span class=\"ls2\">448,627<span class=\"_ _1f6\"></span>,855<span class=\"_ _e5\"> </span><span class=\"ls88 wse3\">4.5<span class=\"_ _8b\"> </span><span class=\"ls9f wsbc\">0.7<span class=\"_ _383\"> </span></span></span></span>Shares cancelled under repur<span class=\"_ _6\"></span>chase progr<span class=\"_ _6\"></span>amme<span class=\"_ _2aa\"> </span><span class=\"ff2 ls2\">(20,67<span class=\"_ _6\"></span>1,224)<span class=\"_ _e8\"> </span><span class=\"ls88 wse3\">(0<span class=\"_ _1\"></span>.<span class=\"_ _1\"></span>2)<span class=\"_ _1da\"> </span></span>\u2013 </span>Shares issued under O<span class=\"_ _6\"></span>SBG employee share plans<span class=\"_ _2ee\"> </span><span class=\"ff2 ls89 wscc\">1<span class=\"_ _1\"></span>,9<span class=\"_ _1\"></span>1<span class=\"_ _1\"></span>1<span class=\"_ _1\"></span>,9<span class=\"_ _1\"></span>9<span class=\"_ _2\"></span>4<span class=\"_ _d9\"> </span><span class=\"ls2 ws2\">\u2013 <span class=\"_ _63\"> </span><span class=\"lscd wsce\">1<span class=\"_ _1\"></span>.7<span class=\"_ _383\"> </span></span></span></span>At 31 December 2022<span class=\"_ _56\"> </span><span class=\"ls7a wsa1\">429<span class=\"_ _1f6\"></span>,<span class=\"_ _1\"></span>868,625<span class=\"_ _254\"> </span><span class=\"ls11 ws6e\">4.<span class=\"_ _1\"></span>3<span class=\"_ _15c\"> </span><span class=\"ls81 wsdf\">2<span class=\"_ _1\"></span>.4<span class=\"_ _383\"> </span></span></span></span>The Group<span class=\"_ _8\"></span>\u2019<span class=\"_ _6\"></span>s share r<span class=\"_ _6\"></span>epurchase progr<span class=\"_ _6\"></span>amme commenced on 18 March 2022, and allo<span class=\"_ _6\"></span>we<span class=\"_ _6\"></span>d the Group to repur<span class=\"_ _6\"></span>chase a maximum of 44<span class=\"_ _8\"></span>,799<span class=\"_ _1f6\"></span>,505 shares<span class=\"_ _6\"></span>, restric<span class=\"_ _6\"></span>ted by a total cost o<span class=\"_ _6\"></span>f \u00a3100m. The programme completed during the ye<span class=\"_ _6\"></span>ar and 20<span class=\"_ _6\"></span>,6<span class=\"_ _6\"></span>71,224 shares<span class=\"_ _6\"></span>, represen<span class=\"_ _6\"></span>ting 4<span class=\"_ _6\"></span>.6% of the issued share capital, hav<span class=\"_ _6\"></span>e been repurchased and cancelled at an av<span class=\"_ _6\"></span>erage price o<span class=\"_ _6\"></span>f \u00a34<span class=\"_ _6\"></span>.84 per shar<span class=\"_ _6\"></span>e and a total cost of \u00a3100m ex<span class=\"_ _6\"></span>cluding transaction cos<span class=\"_ _6\"></span>ts. The holders of or<span class=\"_ _6\"></span>dinary shares ar<span class=\"_ _6\"></span>e entitled to receiv<span class=\"_ _6\"></span>e dividends as declared from time to time<span class=\"_ _8\"></span>, and are entitled to one vot<span class=\"_ _6\"></span>e per share at meetings of the Company. All ordinary shares r<span class=\"_ _6\"></span>ank equally with regar<span class=\"_ _8\"></span>d to the C<span class=\"_ _1\"></span>ompany\u2019<span class=\"_ _1f6\"></span>s residual assets.<span class=\"_ _383\"> </span>All ordinary shar<span class=\"_ _6\"></span>es issued in the current and prior year w<span class=\"_ _8\"></span>ere fully paid.<span class=\"_ _383\"> </span>",
   "dimensions": {
    "concept": "ifrs-full:DisclosureOfIssuedCapitalExplanatory",
    "language": "en",
    "entity": "scheme:213800ZBKL9BHSL2K459",
    "period": "2022-01-01T00:00:00/2023-01-01T00:00:00"
   }
  },
  "fact-537": {
   "value": "<span class=\"_ _383\">43.\u2002</span><span class=\"_ _6\"></span>Other reserves<span class=\"_ _383\"> </span>The Group<span class=\"_ _8\"></span>\u2019<span class=\"_ _6\"></span>s other reserves ar<span class=\"_ _6\"></span>e as follow<span class=\"_ _6\"></span>s:<span class=\"_ _383\"> </span>2022<span class=\"_ _383\"> </span>\u00a3m<span class=\"_ _383\"> </span>2021<span class=\"_ _383\"> </span>\u00a3m<span class=\"_ _383\"> </span>Share-based payment<span class=\"_ _2ef\"> </span><span class=\"ff2 ls14 ws11\">13.2<span class=\"_ _37\"> </span></span><span class=\"lsd7 wsd7\">1<span class=\"_ _1\"></span>3<span class=\"_ _2\"></span>.4<span class=\"_ _383\"> </span></span>Capital redemption &amp; tr<span class=\"_ _6\"></span>ansfer<span class=\"_ _1e8\"> </span><span class=\"ff2 lse3 wse7\">(1,35<span class=\"_ _1\"></span>5.<span class=\"_ _6\"></span>1)<span class=\"_ _aa\"> </span><span class=\"ff1 ls12 wsf\">(1,<span class=\"_ _1\"></span>35<span class=\"_ _1\"></span>5.<span class=\"_ _1\"></span>3)<span class=\"_ _383\"> </span></span></span>Own shares<span class=\"_ _238\"> </span><span class=\"ff2 ls1c wsb5\">(2.<span class=\"_ _1\"></span>2)<span class=\"_ _9d\"> </span></span><span class=\"lscc wscd\">(3<span class=\"_ _1\"></span>.5<span class=\"_ _1\"></span>)<span class=\"_ _383\"> </span></span>FVOCI<span class=\"_ _2f0\"> </span><span class=\"ff2\">0.3<span class=\"_ _15e\"> </span></span><span class=\"ls9f wsbc\">0.6<span class=\"_ _383\"> </span></span>Foreign ex<span class=\"_ _6\"></span>change<span class=\"_ _2f1\"> </span><span class=\"ff2 ls1e ws43\">(1.<span class=\"_ _1\"></span>3)<span class=\"_ _b2\"> </span></span><span class=\"lsed wsf2\">(<span class=\"_ _1\"></span>1<span class=\"_ _1\"></span>.1<span class=\"_ _1\"></span>)<span class=\"_ _383\"> </span></span>A<span class=\"_ _8\"></span>T1 securities<span class=\"_ _2db\"> </span><span class=\"ff2 ls7e ws16\">15<span class=\"_ _1\"></span>0.0<span class=\"_ _18d\"> </span></span><span class=\"ls9f wsbc\">150.0</span> <span class=\"_ _2f2\"> </span><span class=\"ff2 lse3 wse7\">(1,<span class=\"_ _8\"></span>195.1)<span class=\"_ _66\"> </span><span class=\"ff1 ls86 wsf1\">(<span class=\"_ _2\"></span>1<span class=\"_ _1\"></span>,1<span class=\"_ _1\"></span>9<span class=\"_ _1\"></span>5<span class=\"_ _2\"></span>.9<span class=\"_ _1\"></span>)<span class=\"_ _383\"> </span></span></span>Capit<span class=\"_ _6\"></span>al redempt<span class=\"_ _6\"></span>ion and<span class=\"_ _6\"></span> transfer<span class=\"_ _6\"></span> reserve<span class=\"_ _383\"> </span>The capital redemption r<span class=\"_ _6\"></span>eserve repr<span class=\"_ _6\"></span>esents the shares cancelled thr<span class=\"_ _6\"></span>ough the Group<span class=\"_ _8\"></span>\u2019<span class=\"_ _6\"></span>s share r<span class=\"_ _6\"></span>epurchase progr<span class=\"_ _6\"></span>amme. On 27 Nov<span class=\"_ _6\"></span>ember 202<span class=\"_ _6\"></span>0, a ne<span class=\"_ _6\"></span>w ultimate paren<span class=\"_ _6\"></span>t company was inserted into the Gr<span class=\"_ _6\"></span>oup, being OSB<span class=\"_ _6\"></span>G. The shar<span class=\"_ _6\"></span>e capital gener<span class=\"_ _6\"></span>ated from issuing 447<span class=\"_ _9\"></span>,304<span class=\"_ _6\"></span>,<span class=\"_ _8\"></span>198 nominal shares at \u00a33.<span class=\"_ _8\"></span>04 per share, replacing the nominal shar<span class=\"_ _6\"></span>es of \u00a30<span class=\"_ _6\"></span>.<span class=\"_ _6\"></span>01 in OSB pre<span class=\"_ _8\"></span>viously recognised in share capital at the consolidation lev<span class=\"_ _6\"></span>el, created a tr<span class=\"_ _6\"></span>ansfer reserve o<span class=\"_ _6\"></span>f \u00a31,355.3m. Own s<span class=\"_ _1\"></span>hare<span class=\"_ _1\"></span>s<span class=\"_ _383\"> </span>The Company has adopted the look<span class=\"_ _6\"></span>-through appro<span class=\"_ _6\"></span>ach for the EBT<span class=\"_ _1f6\"></span>, including the EBT within the Company. As at 31 December 2022, the EB<span class=\"_ _6\"></span>T held 442,<span class=\"_ _6\"></span>568 OSBG shar<span class=\"_ _6\"></span>es (2021: 848,221 O<span class=\"_ _6\"></span>SBG shares). The Gr<span class=\"_ _6\"></span>oup and Company show these shares as a deduc<span class=\"_ _6\"></span>tion from equity, being the cost at which the shares w<span class=\"_ _6\"></span>ere acquired o<span class=\"_ _6\"></span>f \u00a32.2m (2<span class=\"_ _6\"></span>021: \u00a33.<span class=\"_ _8\"></span>5m)<span class=\"_ _383\"> </span>.<span class=\"_ _383\"> </span>FVOCI reserve<span class=\"_ _383\"> </span>The FVOCI r<span class=\"_ _6\"></span>eserve represen<span class=\"_ _6\"></span>ts the cumulative ne<span class=\"_ _6\"></span>t change in the fair value of in<span class=\"_ _6\"></span>ves<span class=\"_ _6\"></span>tment securities measured at FV<span class=\"_ _8\"></span>OCI.<span class=\"_ _1\"></span> Foreign e<span class=\"_ _6\"></span>xchange<span class=\"_ _6\"></span> reser<span class=\"_ _1\"></span>ve<span class=\"_ _383\"> </span>The foreign e<span class=\"_ _6\"></span>xchange reserve r<span class=\"_ _6\"></span>elates to the re<span class=\"_ _8\"></span>valuation of the Group<span class=\"_ _8\"></span>\u2019<span class=\"_ _6\"></span>s Indian subsidiary, OSB India Private Limite<span class=\"_ _6\"></span>d. A<span class=\"_ _8\"></span>T<span class=\"_ _1\"></span>1 Securities<span class=\"_ _383\"> </span>On 5 October 2021, O<span class=\"_ _6\"></span>SBG issued A<span class=\"_ _8\"></span>T1 securities. A<span class=\"_ _8\"></span>T1 securities comprise \u00a3<span class=\"_ _1\"></span>150.<span class=\"_ _8\"></span>0m of Fixed Rate R<span class=\"_ _6\"></span>esetting Perpetual Subordinat<span class=\"_ _6\"></span>ed Contingent Convertible Securities that qualify as A<span class=\"_ _8\"></span>T1 capital under CRD IV<span class=\"_ _8\"></span>. The securities will be subject to full conver<span class=\"_ _6\"></span>sion into or<span class=\"_ _6\"></span>dinary shares of O<span class=\"_ _6\"></span>SBG in the ev<span class=\"_ _6\"></span>ent that the Group<span class=\"_ _8\"></span>\u2019<span class=\"_ _8\"></span>s Common Equity Tier 1 (CET1) capital r<span class=\"_ _6\"></span>atio falls below 7%. The securities will pay in<span class=\"_ _6\"></span>teres<span class=\"_ _6\"></span>t at a rate o<span class=\"_ _6\"></span>f 6% per annum until the \ufb01rs<span class=\"_ _6\"></span>t reset date o<span class=\"_ _6\"></span>f 7 April 2027<span class=\"_ _9\"></span>, with the reset inter<span class=\"_ _6\"></span>est r<span class=\"_ _6\"></span>ate equal to 539<span class=\"_ _9\"></span>.3 basis points ov<span class=\"_ _6\"></span>er the 5-year Gilt Rate (benchmark gilt) for such a period. Inter<span class=\"_ _6\"></span>est is paid semi-annually in April and October<span class=\"_ _1f6\"></span>. OSBG may, at any time, cancel any inter<span class=\"_ _6\"></span>est paymen<span class=\"_ _6\"></span>t at its full discretion and mus<span class=\"_ _6\"></span>t cancel interes<span class=\"_ _6\"></span>t payments in certain circums<span class=\"_ _6\"></span>tances speci\ufb01ed in the terms and conditions of the securities. The securities are perpe<span class=\"_ _6\"></span>tual with no \ufb01xed redemption date<span class=\"_ _6\"></span>. OSBG may, in it<span class=\"_ _6\"></span>s discretion and subject to satisfying certain conditions, re<span class=\"_ _6\"></span>deem all (but not some) of the A<span class=\"_ _1f6\"></span>T1 securities at the<span class=\"_ _1\"></span> principal amount outs<span class=\"_ _6\"></span>tanding plus any accrued but unpaid inter<span class=\"_ _6\"></span>est from the \ufb01r<span class=\"_ _6\"></span>st rese<span class=\"_ _6\"></span>t date and on any inter<span class=\"_ _6\"></span>est payment date ther<span class=\"_ _6\"></span>eafter<span class=\"_ _8\"></span>.<span class=\"_ _383\"> </span>",
   "dimensions": {
    "concept": "ifrs-full:DisclosureOfReservesAndOtherEquityInterestExplanatory",
    "language": "en",
    "entity": "scheme:213800ZBKL9BHSL2K459",
    "period": "2022-01-01T00:00:00/2023-01-01T00:00:00"
   }
  },
  "fact-580": {
   "value": "2022<span class=\"_ _383\"> </span>\u00a3m<span class=\"_ _383\"> </span>2021<span class=\"_ _383\"> </span>\u00a3m<span class=\"_ _383\"> </span>Share-based payment<span class=\"_ _2ef\"> </span><span class=\"ff2 ls14 ws11\">13.2<span class=\"_ _37\"> </span></span><span class=\"lsd7 wsd7\">1<span class=\"_ _1\"></span>3<span class=\"_ _2\"></span>.4<span class=\"_ _383\"> </span></span>Capital redemption &amp; tr<span class=\"_ _6\"></span>ansfer<span class=\"_ _1e8\"> </span><span class=\"ff2 lse3 wse7\">(1,35<span class=\"_ _1\"></span>5.<span class=\"_ _6\"></span>1)<span class=\"_ _aa\"> </span><span class=\"ff1 ls12 wsf\">(1,<span class=\"_ _1\"></span>35<span class=\"_ _1\"></span>5.<span class=\"_ _1\"></span>3)<span class=\"_ _383\"> </span></span></span>Own shares<span class=\"_ _238\"> </span><span class=\"ff2 ls1c wsb5\">(2.<span class=\"_ _1\"></span>2)<span class=\"_ _9d\"> </span></span><span class=\"lscc wscd\">(3<span class=\"_ _1\"></span>.5<span class=\"_ _1\"></span>)<span class=\"_ _383\"> </span></span>FVOCI<span class=\"_ _2f0\"> </span><span class=\"ff2\">0.3<span class=\"_ _15e\"> </span></span><span class=\"ls9f wsbc\">0.6<span class=\"_ _383\"> </span></span>Foreign ex<span class=\"_ _6\"></span>change<span class=\"_ _2f1\"> </span><span class=\"ff2 ls1e ws43\">(1.<span class=\"_ _1\"></span>3)<span class=\"_ _b2\"> </span></span><span class=\"lsed wsf2\">(<span class=\"_ _1\"></span>1<span class=\"_ _1\"></span>.1<span class=\"_ _1\"></span>)<span class=\"_ _383\"> </span></span>A<span class=\"_ _8\"></span>T1 securities<span class=\"_ _2db\"> </span><span class=\"ff2 ls7e ws16\">15<span class=\"_ _1\"></span>0.0<span class=\"_ _18d\"> </span></span><span class=\"ls9f wsbc\">150.0</span> <span class=\"_ _2f2\"> </span><span class=\"ff2 lse3 wse7\">(1,<span class=\"_ _8\"></span>195.1)<span class=\"_ _66\"> </span><span class=\"ff1 ls86 wsf1\">(<span class=\"_ _2\"></span>1<span class=\"_ _1\"></span>,1<span class=\"_ _1\"></span>9<span class=\"_ _1\"></span>5<span class=\"_ _2\"></span>.9<span class=\"_ _1\"></span>)<span class=\"_ _383\"> </span></span></span>Own s<span class=\"_ _1\"></span>hare<span class=\"_ _1\"></span>s<span class=\"_ _383\"> </span>The Company has adopted the look<span class=\"_ _6\"></span>-through appro<span class=\"_ _6\"></span>ach for the EBT<span class=\"_ _1f6\"></span>, including the EBT within the Company. As at 31 December 2022, the EB<span class=\"_ _6\"></span>T held 442,<span class=\"_ _6\"></span>568 OSBG shar<span class=\"_ _6\"></span>es (2021: 848,221 O<span class=\"_ _6\"></span>SBG shares). The Gr<span class=\"_ _6\"></span>oup and Company show these shares as a deduc<span class=\"_ _6\"></span>tion from equity, being the cost at which the shares w<span class=\"_ _6\"></span>ere acquired o<span class=\"_ _6\"></span>f \u00a32.2m (2<span class=\"_ _6\"></span>021: \u00a33.<span class=\"_ _8\"></span>5m)<span class=\"_ _383\"> </span>",
   "dimensions": {
    "concept": "ifrs-full:DisclosureOfTreasurySharesExplanatory",
    "language": "en",
    "entity": "scheme:213800ZBKL9BHSL2K459",
    "period": "2022-01-01T00:00:00/2023-01-01T00:00:00"
   }
  },
  "fact-581": {
   "value": "<span class=\"_ _383\">44.\u2002Financi</span><span class=\"_ _1\"></span>al com<span class=\"_ _1\"></span>mitm<span class=\"_ _1\"></span>ents an<span class=\"_ _1\"></span>d guar<span class=\"_ _1\"></span>ante<span class=\"_ _1\"></span>es<span class=\"_ _383\"> </span>a) <span class=\"_ _1c4\"> </span>The Group did not have any contr<span class=\"_ _8\"></span>acted or anticipated capital expenditur<span class=\"_ _6\"></span>e commitments not pr<span class=\"_ _6\"></span>ovided for as at 3<span class=\"_ _6\"></span>1 December 2022 (2021: nil). b) <span class=\"_ _1c4\"> </span>The Group<span class=\"_ _6\"></span>\u2019<span class=\"_ _8\"></span>s minimum lease commitments under operating leases no<span class=\"_ _6\"></span>t subject to IFRS 16 are summarised in the table belo<span class=\"_ _8\"></span>w:<span class=\"_ _383\"> </span>2022<span class=\"_ _383\"> </span>\u00a3m<span class=\"_ _383\"> </span>2021<span class=\"_ _383\"> </span>\u00a3m<span class=\"_ _383\"> </span>Land and buildings: due within:<span class=\"_ _60\"> </span><span class=\"ff2 ls2\"> </span>One year<span class=\"_ _263\"> </span><span class=\"ff2 ws6e\">0.3<span class=\"_ _d9\"> </span></span><span class=\"ls2\">\u2013<span class=\"_ _383\"> </span></span>T<span class=\"_ _8\"></span>wo to \ufb01ve year<span class=\"_ _6\"></span>s<span class=\"_ _288\"> </span><span class=\"ff2 ws6e\">0.<span class=\"_ _1\"></span>3<span class=\"_ _1cc\"> </span></span><span class=\"ls2\">\u2013</span> <span class=\"_ _2f3\"> </span><span class=\"ff2 ls11 ws6e\">0.6<span class=\"_ _d9\"> </span></span>\u2013<span class=\"_ _383\"> </span>c) <span class=\"_ _21\"> </span>Undrawn loan facilities:<span class=\"_ _383\"> </span>2022<span class=\"_ _383\"> </span>\u00a3m<span class=\"_ _383\"> </span>2021<span class=\"_ _383\"> </span>\u00a3m<span class=\"_ _383\"> </span>OSB mortgages<span class=\"_ _2f4\"> </span><span class=\"ff2 lse0 wse0\">7<span class=\"_ _1\"></span>41<span class=\"_ _1\"></span>.<span class=\"_ _1\"></span>6<span class=\"_ _3e\"> </span></span><span class=\"lsd7 wsd7\">7<span class=\"_ _1\"></span>0<span class=\"_ _1\"></span>6<span class=\"_ _2\"></span>.4<span class=\"_ _383\"> </span></span>CCFS mortgages<span class=\"_ _2f5\"> </span><span class=\"ff2 lsc3 wsc2\">4<span class=\"_ _1\"></span>5<span class=\"_ _1\"></span>5<span class=\"_ _2\"></span>.1<span class=\"_ _91\"> </span></span><span class=\"ls88 wse3\">43<span class=\"_ _1\"></span>4.<span class=\"_ _1\"></span>5<span class=\"_ _383\"> </span></span>Asset \ufb01nance<span class=\"_ _236\"> </span><span class=\"ff2 lscd wsce\">15<span class=\"_ _1\"></span>.5<span class=\"_ _37\"> </span></span><span class=\"lsd7 wsd7\">1<span class=\"_ _1\"></span>4<span class=\"_ _1\"></span>.4</span> <span class=\"_ _2f2\"> </span><span class=\"ff2 ls7e ws16\">1,2<span class=\"_ _1\"></span>12.<span class=\"_ _1\"></span>2<span class=\"_ _94\"> </span></span><span class=\"ls9f wsbc\">1,155.3<span class=\"_ _383\"> </span></span>Undrawn loan f<span class=\"_ _6\"></span>acilities are appro<span class=\"_ _6\"></span>ved lo<span class=\"_ _6\"></span>an applications which have not yet been e<span class=\"_ _6\"></span>xercised. They ar<span class=\"_ _6\"></span>e payable on demand and are usually dr<span class=\"_ _6\"></span>awn down or e<span class=\"_ _6\"></span>xpire within three mon<span class=\"_ _6\"></span>ths.<span class=\"_ _383\"> </span>d) <span class=\"_ _1c4\"> </span>The Group did not have any issued \ufb01nancial guar<span class=\"_ _6\"></span>antees as at 31 December 2022 (<span class=\"_ _6\"></span>2021: nil).<span class=\"_ _383\"> </span>",
   "dimensions": {
    "concept": "ifrs-full:DisclosureOfCommitmentsAndContingentLiabilitiesExplanatory",
    "language": "en",
    "entity": "scheme:213800ZBKL9BHSL2K459",
    "period": "2022-01-01T00:00:00/2023-01-01T00:00:00"
   }
  },
  "fact-538": {
   "value": "<span class=\"_ _383\">44.\u2002Financi</span><span class=\"_ _1\"></span>al com<span class=\"_ _1\"></span>mitm<span class=\"_ _1\"></span>ents an<span class=\"_ _1\"></span>d guar<span class=\"_ _1\"></span>ante<span class=\"_ _1\"></span>es<span class=\"_ _383\"> </span>a) <span class=\"_ _1c4\"> </span>The Group did not have any contr<span class=\"_ _8\"></span>acted or anticipated capital expenditur<span class=\"_ _6\"></span>e commitments not pr<span class=\"_ _6\"></span>ovided for as at 3<span class=\"_ _6\"></span>1 December 2022 (2021: nil). b) <span class=\"_ _1c4\"> </span>The Group<span class=\"_ _6\"></span>\u2019<span class=\"_ _8\"></span>s minimum lease commitments under operating leases no<span class=\"_ _6\"></span>t subject to IFRS 16 are summarised in the table belo<span class=\"_ _8\"></span>w:<span class=\"_ _383\"> </span>2022<span class=\"_ _383\"> </span>\u00a3m<span class=\"_ _383\"> </span>2021<span class=\"_ _383\"> </span>\u00a3m<span class=\"_ _383\"> </span>Land and buildings: due within:<span class=\"_ _60\"> </span><span class=\"ff2 ls2\"> </span>One year<span class=\"_ _263\"> </span><span class=\"ff2 ws6e\">0.3<span class=\"_ _d9\"> </span></span><span class=\"ls2\">\u2013<span class=\"_ _383\"> </span></span>T<span class=\"_ _8\"></span>wo to \ufb01ve year<span class=\"_ _6\"></span>s<span class=\"_ _288\"> </span><span class=\"ff2 ws6e\">0.<span class=\"_ _1\"></span>3<span class=\"_ _1cc\"> </span></span><span class=\"ls2\">\u2013</span> <span class=\"_ _2f3\"> </span><span class=\"ff2 ls11 ws6e\">0.6<span class=\"_ _d9\"> </span></span>\u2013<span class=\"_ _383\"> </span>c) <span class=\"_ _21\"> </span>Undrawn loan facilities:<span class=\"_ _383\"> </span>2022<span class=\"_ _383\"> </span>\u00a3m<span class=\"_ _383\"> </span>2021<span class=\"_ _383\"> </span>\u00a3m<span class=\"_ _383\"> </span>OSB mortgages<span class=\"_ _2f4\"> </span><span class=\"ff2 lse0 wse0\">7<span class=\"_ _1\"></span>41<span class=\"_ _1\"></span>.<span class=\"_ _1\"></span>6<span class=\"_ _3e\"> </span></span><span class=\"lsd7 wsd7\">7<span class=\"_ _1\"></span>0<span class=\"_ _1\"></span>6<span class=\"_ _2\"></span>.4<span class=\"_ _383\"> </span></span>CCFS mortgages<span class=\"_ _2f5\"> </span><span class=\"ff2 lsc3 wsc2\">4<span class=\"_ _1\"></span>5<span class=\"_ _1\"></span>5<span class=\"_ _2\"></span>.1<span class=\"_ _91\"> </span></span><span class=\"ls88 wse3\">43<span class=\"_ _1\"></span>4.<span class=\"_ _1\"></span>5<span class=\"_ _383\"> </span></span>Asset \ufb01nance<span class=\"_ _236\"> </span><span class=\"ff2 lscd wsce\">15<span class=\"_ _1\"></span>.5<span class=\"_ _37\"> </span></span><span class=\"lsd7 wsd7\">1<span class=\"_ _1\"></span>4<span class=\"_ _1\"></span>.4</span> <span class=\"_ _2f2\"> </span><span class=\"ff2 ls7e ws16\">1,2<span class=\"_ _1\"></span>12.<span class=\"_ _1\"></span>2<span class=\"_ _94\"> </span></span><span class=\"ls9f wsbc\">1,155.3<span class=\"_ _383\"> </span></span>Undrawn loan f<span class=\"_ _6\"></span>acilities are appro<span class=\"_ _6\"></span>ved lo<span class=\"_ _6\"></span>an applications which have not yet been e<span class=\"_ _6\"></span>xercised. They ar<span class=\"_ _6\"></span>e payable on demand and are usually dr<span class=\"_ _6\"></span>awn down or e<span class=\"_ _6\"></span>xpire within three mon<span class=\"_ _6\"></span>ths.<span class=\"_ _383\"> </span>d) <span class=\"_ _1c4\"> </span>The Group did not have any issued \ufb01nancial guar<span class=\"_ _6\"></span>antees as at 31 December 2022 (<span class=\"_ _6\"></span>2021: nil).<span class=\"_ _383\"> </span>",
   "dimensions": {
    "concept": "ifrs-full:DisclosureOfCommitmentsExplanatory",
    "language": "en",
    "entity": "scheme:213800ZBKL9BHSL2K459",
    "period": "2022-01-01T00:00:00/2023-01-01T00:00:00"
   }
  },
  "fact-539": {
   "value": "<span class=\"_ _383\">45.\u2002Risk m</span><span class=\"_ _1\"></span>anag<span class=\"_ _1\"></span>eme<span class=\"_ _1\"></span>nt<span class=\"_ _383\"> </span>Ove<span class=\"_ _1\"></span>r<span class=\"_ _1\"></span>vi<span class=\"_ _1\"></span>ew<span class=\"_ _383\"> </span>Financial instrument<span class=\"_ _6\"></span>s form the vas<span class=\"_ _6\"></span>t majority of the Group<span class=\"_ _8\"></span>\u2019<span class=\"_ _8\"></span>s assets and liabilities. The Group manages risk on a consolidated basis and risk disclosures that follo<span class=\"_ _6\"></span>w are pr<span class=\"_ _6\"></span>ovided on this basis<span class=\"_ _6\"></span>.<span class=\"_ _383\"> </span>T<span class=\"_ _8\"></span>ype<span class=\"_ _1\"></span>s of \ufb01nancial ins<span class=\"_ _1\"></span>trument<span class=\"_ _383\"> </span>Financial instrument<span class=\"_ _6\"></span>s are a broad de<span class=\"_ _6\"></span>\ufb01nition which includes \ufb01nancial assets, \ufb01nancial liabilities and e<span class=\"_ _6\"></span>quity instruments<span class=\"_ _8\"></span>. The main \ufb01nancial assets of the Group ar<span class=\"_ _6\"></span>e loans to customer<span class=\"_ _6\"></span>s and liquid assets<span class=\"_ _6\"></span>, which in turn consist of cash in the BoE call accounts<span class=\"_ _8\"></span>, call ac<span class=\"_ _1\"></span>counts with other cre<span class=\"_ _6\"></span>dit institutions<span class=\"_ _6\"></span>, RMBS and UK sov<span class=\"_ _6\"></span>ereign debt. These ar<span class=\"_ _6\"></span>e funded by a combination of \ufb01nancial liabilities and equity instrumen<span class=\"_ _6\"></span>ts. Financial liability funding comes predominantly fr<span class=\"_ _6\"></span>om retail deposits and dr<span class=\"_ _8\"></span>awdowns under the BoE TFSME and IL<span class=\"_ _1f6\"></span>TR, supported by debt securities, wholesale and other funding. Equity instrumen<span class=\"_ _6\"></span>ts include own shar<span class=\"_ _6\"></span>es and A<span class=\"_ _8\"></span>T1 securities meeting the equity classi\ufb01cation criteria. The Group<span class=\"_ _8\"></span>\u2019<span class=\"_ _6\"></span>s main activity is mortgage lending; it raises funds or inv<span class=\"_ _6\"></span>ests in particular types of \ufb01nancial assets t<span class=\"_ _6\"></span>o meet customer demand and manage the risk<span class=\"_ _8\"></span>s arising from its operations<span class=\"_ _6\"></span>. The Group does not tr<span class=\"_ _6\"></span>ade in \ufb01nancial instrument<span class=\"_ _6\"></span>s for speculative purposes<span class=\"_ _6\"></span>.<span class=\"_ _383\"> </span>The Group uses derivativ<span class=\"_ _6\"></span>e instrumen<span class=\"_ _6\"></span>ts to manage its \ufb01nancial risk<span class=\"_ _6\"></span>s. Deriv<span class=\"_ _6\"></span>ative \ufb01nancial instrumen<span class=\"_ _6\"></span>ts (<span class=\"_ _6\"></span>derivatives) ar<span class=\"_ _6\"></span>e \ufb01nancial instrument<span class=\"_ _6\"></span>s whose value changes in response to changes in underlying v<span class=\"_ _6\"></span>ariables such as inter<span class=\"_ _6\"></span>est rat<span class=\"_ _6\"></span>es. The mos<span class=\"_ _6\"></span>t common derivatives ar<span class=\"_ _6\"></span>e futures<span class=\"_ _6\"></span>, forwar<span class=\"_ _6\"></span>ds and sw<span class=\"_ _6\"></span>aps. Of these<span class=\"_ _6\"></span>, the Group only uses sw<span class=\"_ _8\"></span>aps. Derivatives ar<span class=\"_ _6\"></span>e used by the Group solely to r<span class=\"_ _6\"></span>educe (hedge) the risk of loss arising fr<span class=\"_ _6\"></span>om changes in mark<span class=\"_ _8\"></span>et rates. Derivativ<span class=\"_ _6\"></span>es are not used f<span class=\"_ _6\"></span>or speculative purposes<span class=\"_ _6\"></span>.<span class=\"_ _383\"> </span>T<span class=\"_ _8\"></span>yp<span class=\"_ _1\"></span>es o<span class=\"_ _1\"></span>f deri<span class=\"_ _1\"></span>vatives an<span class=\"_ _1\"></span>d us<span class=\"_ _1\"></span>es<span class=\"_ _383\"> </span>The derivative ins<span class=\"_ _6\"></span>truments used by the Gr<span class=\"_ _6\"></span>oup in managing its risk exposur<span class=\"_ _6\"></span>es are int<span class=\"_ _6\"></span>erest r<span class=\"_ _6\"></span>ate sw<span class=\"_ _6\"></span>aps. In<span class=\"_ _6\"></span>teres<span class=\"_ _6\"></span>t rate s<span class=\"_ _6\"></span>waps conv<span class=\"_ _8\"></span>er<span class=\"_ _1\"></span>t \ufb01xed inter<span class=\"_ _6\"></span>est rates t<span class=\"_ _6\"></span>o \ufb02oating or vice versa. As with other deriv<span class=\"_ _6\"></span>atives<span class=\"_ _6\"></span>, the underlying product is not sold and paymen<span class=\"_ _6\"></span>ts are based on notional principal amoun<span class=\"_ _6\"></span>ts. Unhedged \ufb01xed r<span class=\"_ _6\"></span>ate liabilities creat<span class=\"_ _6\"></span>e the risk of paying abov<span class=\"_ _6\"></span>e-the-mark<span class=\"_ _8\"></span>et rate if inter<span class=\"_ _6\"></span>est r<span class=\"_ _6\"></span>ates subsequently decrease<span class=\"_ _6\"></span>. Unhedged \ufb01xe<span class=\"_ _6\"></span>d rate mortgages and liquid assets bear the opposite risk of income below<span class=\"_ _8\"></span>-the-marke<span class=\"_ _6\"></span>t rate when r<span class=\"_ _6\"></span>ates go up. While \ufb01x<span class=\"_ _6\"></span>ed rate asse<span class=\"_ _6\"></span>ts and liabilities naturally hedge each other t<span class=\"_ _6\"></span>o a certain extent, this hedge is usually ne<span class=\"_ _6\"></span>ver perfect because of maturity mismatches and principal amoun<span class=\"_ _6\"></span>ts.<span class=\"_ _383\"> </span>The Group uses sw<span class=\"_ _8\"></span>aps to convert its instruments<span class=\"_ _8\"></span>, such as mor<span class=\"_ _1\"></span>tgages, deposits and liquid assets<span class=\"_ _8\"></span>, from \ufb01xed or base rat<span class=\"_ _6\"></span>e-link<span class=\"_ _6\"></span>ed rates t<span class=\"_ _6\"></span>o ref<span class=\"_ _6\"></span>erence link<span class=\"_ _8\"></span>ed variable rates<span class=\"_ _6\"></span>. This ensures a guaran<span class=\"_ _6\"></span>teed margin betw<span class=\"_ _8\"></span>e<span class=\"_ _1\"></span>en the interes<span class=\"_ _6\"></span>t income and inter<span class=\"_ _6\"></span>est expense<span class=\"_ _6\"></span>, regar<span class=\"_ _6\"></span>dless of changes in the mark<span class=\"_ _6\"></span>et r<span class=\"_ _6\"></span>ates.<span class=\"_ _383\"> </span>T<span class=\"_ _8\"></span>yp<span class=\"_ _1\"></span>es o<span class=\"_ _1\"></span>f risk<span class=\"_ _383\"> </span>The principal \ufb01nancial risk<span class=\"_ _6\"></span>s to which the Group is expose<span class=\"_ _6\"></span>d are credit, liquidity and mark<span class=\"_ _8\"></span>et risk<span class=\"_ _6\"></span>s, the latter comprising int<span class=\"_ _6\"></span>erest and e<span class=\"_ _6\"></span>xchange r<span class=\"_ _6\"></span>ate risk. In addition to \ufb01nancial risk<span class=\"_ _8\"></span>s, the Group is expose<span class=\"_ _6\"></span>d to various other risk<span class=\"_ _6\"></span>s, mos<span class=\"_ _6\"></span>t notably oper<span class=\"_ _6\"></span>ational, conduct and compliance/<span class=\"_ _8\"></span>regulatory, which are cov<span class=\"_ _6\"></span>ered in the Risk r<span class=\"_ _6\"></span>evie<span class=\"_ _6\"></span>w on pages 52-<span class=\"_ _8\"></span>75. Cre<span class=\"_ _1\"></span>dit ri<span class=\"_ _1\"></span>sk<span class=\"_ _383\"> </span>Credit risk is the risk that losses may arise as a result o<span class=\"_ _6\"></span>f the Group<span class=\"_ _8\"></span>\u2019<span class=\"_ _6\"></span>s borro<span class=\"_ _6\"></span>wer<span class=\"_ _6\"></span>s or mark<span class=\"_ _6\"></span>et counterparties failing to meet their obligations to r<span class=\"_ _6\"></span>epay.<span class=\"_ _383\"> </span>The Group has adopted the S<span class=\"_ _6\"></span>tandardised Appr<span class=\"_ _6\"></span>oach for assessment o<span class=\"_ _6\"></span>f credit risk re<span class=\"_ _6\"></span>gulatory capital requir<span class=\"_ _6\"></span>ements<span class=\"_ _6\"></span>. This approach considers risk weigh<span class=\"_ _6\"></span>tings as de\ufb01ned under Basel II and Basel III principles.<span class=\"_ _383\"> </span>The classes of \ufb01nancial instrumen<span class=\"_ _6\"></span>ts to which the Group is mos<span class=\"_ _6\"></span>t exposed ar<span class=\"_ _6\"></span>e loans and advances to customer<span class=\"_ _6\"></span>s, lo<span class=\"_ _6\"></span>ans and advances to credit institutions<span class=\"_ _6\"></span>, cash in the BoE call account, call and current account<span class=\"_ _6\"></span>s with other credit ins<span class=\"_ _6\"></span>titutions and inv<span class=\"_ _6\"></span>estment securities<span class=\"_ _6\"></span>. The maximum credit risk exposure e<span class=\"_ _6\"></span>quals the total carrying amount o<span class=\"_ _6\"></span>f the abov<span class=\"_ _6\"></span><span class=\"_ _383\">e categories plus off-balance sheet undra</span><span class=\"_ _6\"></span>wn committed mortgage facilities.<span class=\"_ _383\"> </span>The change, during the period and cumulativ<span class=\"_ _6\"></span>ely, in the fair value o<span class=\"_ _6\"></span>f inves<span class=\"_ _6\"></span>tments in debt securities and loans and adv<span class=\"_ _6\"></span>ances to customer<span class=\"_ _6\"></span>s at FVOCI and FV<span class=\"_ _1\"></span>TPL that is attributable to changes in cre<span class=\"_ _6\"></span>dit risk is not material.<span class=\"_ _383\"> </span>Cre<span class=\"_ _1\"></span>dit risk \u2013 l<span class=\"_ _1\"></span>oans a<span class=\"_ _1\"></span>nd ad<span class=\"_ _1\"></span>vance<span class=\"_ _1\"></span>s to cu<span class=\"_ _1\"></span>stom<span class=\"_ _1\"></span>er<span class=\"_ _1\"></span>s<span class=\"_ _383\"> </span>Credit risk associated with mortgage lending is largely driv<span class=\"_ _6\"></span>en by the housing mark<span class=\"_ _8\"></span>et and level of unemploymen<span class=\"_ _6\"></span>t. A recession and/<span class=\"_ _1f6\"></span>or high inter<span class=\"_ _6\"></span>est rates could cause pr<span class=\"_ _6\"></span>essure within the mark<span class=\"_ _8\"></span>et, resulting in rising lev<span class=\"_ _6\"></span>els of arrear<span class=\"_ _6\"></span>s and repossessions<span class=\"_ _6\"></span>.<span class=\"_ _383\"> </span>All loan applications are assessed with r<span class=\"_ _6\"></span>efer<span class=\"_ _6\"></span>ence to the Group<span class=\"_ _8\"></span>\u2019<span class=\"_ _6\"></span>s Lending Policy. Changes to the policy ar<span class=\"_ _6\"></span>e appro<span class=\"_ _6\"></span>ved by the Gr<span class=\"_ _6\"></span>oup Risk Committee, with mandates set f<span class=\"_ _6\"></span>or the approv<span class=\"_ _6\"></span>al of loan applications<span class=\"_ _6\"></span>.<span class=\"_ _383\"> </span>The Group Credit Committee and AL<span class=\"_ _8\"></span>CO regularly monitor lending activity, t<span class=\"_ _6\"></span>aking appropriate actions to r<span class=\"_ _6\"></span>eprice products and adjus<span class=\"_ _6\"></span>t lending criteria in order t<span class=\"_ _6\"></span>o control risk and manage exposur<span class=\"_ _6\"></span>e. Wher<span class=\"_ _6\"></span>e necessary and appropriate, changes t<span class=\"_ _6\"></span>o the Lending Policy are r<span class=\"_ _6\"></span>ecommended to the Group Risk Committee.<span class=\"_ _383\"> </span>The following t<span class=\"_ _6\"></span>ables show the Gr<span class=\"_ _6\"></span>oup<span class=\"_ _6\"></span>\u2019<span class=\"_ _8\"></span>s maximum exposure to cr<span class=\"_ _6\"></span>edit risk and the impact of collater<span class=\"_ _6\"></span>al held as security, capped at the gross exposur<span class=\"_ _6\"></span>e amount, by impairment s<span class=\"_ _6\"></span>tage. Cappe<span class=\"_ _6\"></span>d collateral ex<span class=\"_ _6\"></span>cludes the impact of for<span class=\"_ _6\"></span>ced sale discounts and costs t<span class=\"_ _6\"></span>o sell. The collateral value is det<span class=\"_ _6\"></span>ermined by indexing against House Price Inde<span class=\"_ _6\"></span>x data.<span class=\"_ _383\"> </span>2022<span class=\"_ _383\"> </span>OSB<span class=\"_ _a0\"> </span><span class=\"ls62 ws187\">CCFS<span class=\"_ _a8\"> </span><span class=\"lsc2 wsc1\">Tot<span class=\"_ _2\"></span>a<span class=\"_ _1\"></span>l<span class=\"_ _383\"> </span></span></span>Gross carrying amount<span class=\"_ _383\"> </span>\u00a3m<span class=\"_ _383\"> </span>Capped collateral held<span class=\"_ _383\"> </span>\u00a3m<span class=\"_ _383\"> </span>Gross carrying amount<span class=\"_ _383\"> </span>\u00a3m<span class=\"_ _383\"> </span>Capped collateral held<span class=\"_ _383\"> </span>\u00a3m<span class=\"_ _383\"> </span>Gross carrying amount<span class=\"_ _383\"> </span>\u00a3m<span class=\"_ _383\"> </span>Capped collateral held<span class=\"_ _383\"> </span>\u00a3m<span class=\"_ _383\"> </span>Stage 1<span class=\"_ _29\"> </span><span class=\"ff2 ls79 wse8\">10,3<span class=\"_ _1\"></span>46.8<span class=\"_ _202\"> </span><span class=\"ls81 wsdf\">1<span class=\"_ _1\"></span>0<span class=\"_ _1\"></span>,<span class=\"_ _1\"></span>3<span class=\"_ _1\"></span>2<span class=\"_ _1\"></span>0.4<span class=\"_ _66\"> </span><span class=\"lsf9 ws82\">8,375.5<span class=\"_ _6c\"> </span>8,374<span class=\"_ _6\"></span>.4<span class=\"_ _202\"> </span><span class=\"ls33 ws30\">1<span class=\"_ _1\"></span>8<span class=\"_ _1\"></span>,72<span class=\"_ _1\"></span>2<span class=\"_ _1\"></span>.<span class=\"_ _1\"></span>3<span class=\"_ _67\"> </span><span class=\"ls11 ws6e\">18,69<span class=\"_ _1\"></span>4.8<span class=\"_ _383\"> </span></span></span></span></span></span>Stage 2<span class=\"_ _383\"> </span>1<span class=\"_ _383\"> </span>2<span class=\"_ _2\"></span>,<span class=\"_ _2\"></span>5<span class=\"_ _1\"></span>0<span class=\"_ _2\"></span>9.<span class=\"_ _2\"></span>7<span class=\"_ _89\"> </span><span class=\"ls2c ws29\">2,508.5<span class=\"_ _40\"> </span><span class=\"lsc4 wsc3\">1<span class=\"_ _0\"></span>,<span class=\"_ _1\"></span>9<span class=\"_ _0\"> </span>0<span class=\"_ _0\"></span>7.<span class=\"_ _2\"></span>4<span class=\"_ _7d\"> </span>1<span class=\"_ _0\"></span>,<span class=\"_ _1\"></span>9<span class=\"_ _0\"> </span>0<span class=\"_ _0\"></span>7.<span class=\"_ _1\"></span>1<span class=\"_ _122\"> </span>4<span class=\"_ _2\"></span>,<span class=\"_ _2\"></span>4<span class=\"_ _2\"></span>1<span class=\"_ _2\"></span>7.<span class=\"_ _2\"></span>1<span class=\"_ _40\"> </span><span class=\"lse0 wse0\">4,41<span class=\"_ _1\"></span>5<span class=\"_ _1\"></span>.<span class=\"_ _1\"></span>6<span class=\"_ _383\"> </span></span></span></span>Stage 3<span class=\"_ _d1\"> </span><span class=\"ff2 lsc6 wsc5\">3<span class=\"_ _2\"></span>4<span class=\"_ _2\"></span>9.<span class=\"_ _1\"></span>7<span class=\"_ _18d\"> </span>3<span class=\"_ _2\"></span>1<span class=\"_ _1\"></span>9.<span class=\"_ _0\"></span>2<span class=\"_ _5a\"> </span><span class=\"ls7e ws16\">15<span class=\"_ _1\"></span>6.0<span class=\"_ _a9\"> </span>1<span class=\"_ _1\"></span>56.0<span class=\"_ _98\"> </span><span class=\"lscd wsce\">505<span class=\"_ _1\"></span>.7<span class=\"_ _98\"> </span><span class=\"lsca wsca\">47<span class=\"_ _1\"></span>5<span class=\"_ _1\"></span>.<span class=\"_ _2\"></span>2<span class=\"_ _383\"> </span></span></span></span></span>Stage 3 (POCI)<span class=\"_ _291\"> </span><span class=\"ff2 ls6f ws75\">38.5<span class=\"_ _55\"> </span><span class=\"lsc4 wsc3\">3<span class=\"_ _2\"></span>7.<span class=\"_ _0\"></span>5<span class=\"_ _96\"> </span><span class=\"ls11 ws6e\">44.5<span class=\"_ _93\"> </span><span class=\"ls81 wsdf\">4<span class=\"_ _1\"></span>4<span class=\"_ _1\"></span>.4<span class=\"_ _93\"> </span><span class=\"ls7e ws16\">83.0<span class=\"_ _4f\"> </span><span class=\"ls14 ws11\">81.9</span></span></span></span></span></span> <span class=\"_ _2a8\"> </span><span class=\"ff2 ls14 ws11\">13,2<span class=\"_ _1\"></span>44.7<span class=\"_ _aa\"> </span>13<span class=\"_ _1\"></span>,<span class=\"_ _6\"></span>185.6<span class=\"_ _1fe\"> </span><span class=\"ls81 wsdf\">1<span class=\"_ _1\"></span>0,<span class=\"_ _1\"></span>48<span class=\"_ _2\"></span>3.4<span class=\"_ _88\"> </span></span>10,481.<span class=\"_ _6\"></span>9<span class=\"_ _67\"> </span><span class=\"lsc3 wsc2\">2<span class=\"_ _2\"></span>3<span class=\"_ _1\"></span>,<span class=\"_ _2\"></span>72<span class=\"_ _2\"></span>8<span class=\"_ _1\"></span>.1<span class=\"_ _1fe\"> </span><span class=\"lsc4 wsc3\">2<span class=\"_ _0\"> </span>3<span class=\"_ _0\"> </span>,<span class=\"_ _0\"> </span>6<span class=\"_ _0\"> </span>6<span class=\"_ _2\"></span>7.<span class=\"_ _0\"></span>5<span class=\"_ _383\"> </span></span></span></span>1. <span class=\"_ _41\"> </span>Fo<span class=\"_ _1\"></span>r fur<span class=\"_ _1\"></span>t<span class=\"_ _1\"></span>he<span class=\"_ _1\"></span>r de<span class=\"_ _1\"></span>tai<span class=\"_ _1\"></span>l re<span class=\"_ _1\"></span>lat<span class=\"_ _1\"></span>ing t<span class=\"_ _1\"></span>o mov<span class=\"_ _1\"></span>em<span class=\"_ _1\"></span>en<span class=\"_ _1\"></span>ts b<span class=\"_ _1\"></span>y sta<span class=\"_ _1\"></span>ge s<span class=\"_ _1\"></span>e<span class=\"_ _1\"></span>e Ris<span class=\"_ _1\"></span>k re<span class=\"_ _1\"></span>vi<span class=\"_ _1\"></span>ew o<span class=\"_ _1\"></span>n pa<span class=\"_ _1\"></span>ge<span class=\"_ _1\"></span>s 52-<span class=\"_ _8\"></span>7<span class=\"_ _1\"></span>5.<span class=\"_ _383\"> </span>2021<span class=\"_ _383\"> </span>OSB<span class=\"_ _2f6\"> </span><span class=\"lse ws71\">CCFS<span class=\"_ _2f7\"> </span><span class=\"lse1 wse5\">To<span class=\"_ _1\"></span>t<span class=\"_ _2\"></span>a<span class=\"_ _1\"></span>l<span class=\"_ _383\"> </span></span></span>Gross carrying amount<span class=\"_ _383\"> </span>\u00a3m<span class=\"_ _383\"> </span>Capped collateral held<span class=\"_ _383\"> </span>\u00a3m<span class=\"_ _383\"> </span>Gross carrying amount<span class=\"_ _383\"> </span>\u00a3m<span class=\"_ _383\"> </span>Capped collateral held<span class=\"_ _383\"> </span>\u00a3m<span class=\"_ _383\"> </span>Gross carrying amount<span class=\"_ _383\"> </span>\u00a3m<span class=\"_ _383\"> </span>Capped collateral held<span class=\"_ _383\"> </span>\u00a3m<span class=\"_ _383\"> </span>Stage 1<span class=\"_ _2b3\"> </span><span class=\"lse3 wse7\">10,502<span class=\"_ _1\"></span>.7<span class=\"_ _6e\"> </span><span class=\"lsee wsf3\">1<span class=\"_ _2\"></span>0<span class=\"_ _1\"></span>,47<span class=\"_ _1\"></span>8<span class=\"_ _2\"></span>.1<span class=\"_ _a1\"> </span><span class=\"lsc8 wsc8\">7,<span class=\"_ _0\"></span>6<span class=\"_ _0\"> </span>8<span class=\"_ _3\"> </span>5<span class=\"_ _0\"></span>.<span class=\"_ _2\"></span>7<span class=\"_ _76\"> </span>7,<span class=\"_ _0\"></span>6<span class=\"_ _0\"></span>8<span class=\"_ _0\"></span>4<span class=\"_ _0\"></span>.<span class=\"_ _0\"></span>6<span class=\"_ _6e\"> </span><span class=\"ls14 ws11\">18,188.4<span class=\"_ _d\"> </span><span class=\"ls89 wscc\">1<span class=\"_ _1\"></span>8<span class=\"_ _1\"></span>,1<span class=\"_ _1\"></span>6<span class=\"_ _1\"></span>2<span class=\"_ _1\"></span>.<span class=\"_ _1\"></span>7<span class=\"_ _383\"> </span></span></span></span></span></span>Stage 2<span class=\"_ _2f8\"> </span><span class=\"ls89 wscc\">1,1<span class=\"_ _2\"></span>4<span class=\"_ _1\"></span>3<span class=\"_ _1\"></span>.<span class=\"_ _2\"></span>8<span class=\"_ _86\"> </span><span class=\"ls9f wsbc\">1,14<span class=\"_ _6\"></span>1.<span class=\"_ _6\"></span>9<span class=\"_ _76\"> </span><span class=\"lsf8 wsfd\">1<span class=\"_ _1\"></span>,<span class=\"_ _0\"></span>2<span class=\"_ _2\"></span>6<span class=\"_ _1\"></span>9.<span class=\"_ _2\"></span>8<span class=\"_ _7d\"> </span>1<span class=\"_ _2\"></span>,<span class=\"_ _0\"></span>2<span class=\"_ _1\"></span>6<span class=\"_ _2\"></span>9.<span class=\"_ _2\"></span>7<span class=\"_ _7f\"> </span><span class=\"lsd7 wsd7\">2<span class=\"_ _1\"></span>,41<span class=\"_ _1\"></span>3<span class=\"_ _2\"></span>.<span class=\"_ _1\"></span>6<span class=\"_ _83\"> </span>2<span class=\"_ _1\"></span>,41<span class=\"_ _1\"></span>1<span class=\"_ _1\"></span>.<span class=\"_ _2\"></span>6<span class=\"_ _383\"> </span></span></span></span></span>Stage 3<span class=\"_ _260\"> </span><span class=\"ls7a wsa1\">365.6<span class=\"_ _e8\"> </span><span class=\"lsc8 wsc8\">3<span class=\"_ _2\"></span>3<span class=\"_ _0\"></span>7.<span class=\"_ _2\"></span>9<span class=\"_ _63\"> </span><span class=\"lsf8 wsfd\">9<span class=\"_ _0\"></span>9.<span class=\"_ _1\"></span>1<span class=\"_ _63\"> </span>9<span class=\"_ _2\"></span>9.1<span class=\"_ _3d\"> </span><span class=\"ls88 wse3\">46<span class=\"_ _1\"></span>4.7<span class=\"_ _3d\"> </span></span></span>4<span class=\"_ _0\"></span>3<span class=\"_ _0\"></span>7.<span class=\"_ _0\"></span>0<span class=\"_ _383\"> </span></span></span>Stage 3 (POCI)<span class=\"_ _c3\"> </span><span class=\"ls79 wse8\">45.2<span class=\"_ _55\"> </span><span class=\"ls7a wsa1\">43.6<span class=\"_ _96\"> </span><span class=\"ls7e ws16\">52.<span class=\"_ _1\"></span>2<span class=\"_ _55\"> </span>52.2<span class=\"_ _37\"> </span><span class=\"lsc8 wsc8\">9<span class=\"_ _2\"></span>7.<span class=\"_ _2\"></span>4<span class=\"_ _4f\"> </span><span class=\"lscd wsce\">95.<span class=\"_ _1\"></span>8</span></span></span></span></span> <span class=\"_ _2f9\"> </span><span class=\"lsc8 wsc8\">1<span class=\"_ _2\"></span>2<span class=\"_ _0\"></span>,<span class=\"_ _0\"></span>0<span class=\"_ _0\"></span>5<span class=\"_ _0\"></span>7.<span class=\"_ _0\"></span>3<span class=\"_ _66\"> </span><span class=\"ls12 wsf\">12<span class=\"_ _1\"></span>,0<span class=\"_ _1\"></span>01<span class=\"_ _1\"></span>.5<span class=\"_ _76\"> </span><span class=\"lsf8 wsfd\">9,<span class=\"_ _1\"></span>1<span class=\"_ _2\"></span>0<span class=\"_ _2\"></span>6<span class=\"_ _2\"></span>.<span class=\"_ _2\"></span>8<span class=\"_ _73\"> </span><span class=\"ls7a wsa1\">9<span class=\"_ _8\"></span>,105.6<span class=\"_ _40\"> </span><span class=\"lsed wsf2\">2<span class=\"_ _1\"></span>1<span class=\"_ _1\"></span>,1<span class=\"_ _1\"></span>6<span class=\"_ _1\"></span>4<span class=\"_ _1\"></span>.1<span class=\"_ _76\"> </span><span class=\"lsc8 wsc8\">2<span class=\"_ _0\"></span>1<span class=\"_ _0\"></span>,<span class=\"_ _2\"></span>1<span class=\"_ _0\"></span>0<span class=\"_ _2\"></span>7.<span class=\"_ _2\"></span>1<span class=\"_ _383\"> </span></span></span></span></span></span></span>The Group<span class=\"_ _8\"></span>\u2019<span class=\"_ _6\"></span>s main form of collater<span class=\"_ _6\"></span>al held is property, based in the UK and the Channel Islands.<span class=\"_ _383\"> </span>The Group uses index<span class=\"_ _6\"></span>ed loan to value (L<span class=\"_ _1f6\"></span>TV<span class=\"_ _2\"></span>) ratios to assess the quality o<span class=\"_ _6\"></span>f the uncapped collateral held. Pr<span class=\"_ _6\"></span>operty values are updated to r<span class=\"_ _6\"></span>e\ufb02ect changes in the HPI. A break<span class=\"_ _8\"></span>down of loans and advances to cus<span class=\"_ _6\"></span>tomers by inde<span class=\"_ _6\"></span>xed L<span class=\"_ _1f6\"></span>T<span class=\"_ _1\"></span>V is as follow<span class=\"_ _6\"></span>s:<span class=\"_ _383\"> </span>2022<span class=\"_ _2dc\"> </span><span class=\"ff1\">2021<span class=\"_ _383\"> </span></span>OSB<span class=\"_ _383\"> </span>\u00a3m<span class=\"_ _383\"> </span>CCFS<span class=\"_ _383\"> </span>\u00a3m<span class=\"_ _383\"> </span>To<span class=\"_ _1\"></span>t<span class=\"_ _2\"></span>a<span class=\"_ _1\"></span>l<span class=\"_ _383\"> </span>\u00a3m<span class=\"_ _383\"> </span>%<span class=\"_ _383\"> </span>OSB<span class=\"_ _383\"> </span>\u00a3m<span class=\"_ _383\"> </span>CCFS<span class=\"_ _383\"> </span>\u00a3m<span class=\"_ _383\"> </span>To<span class=\"_ _1\"></span>t<span class=\"_ _2\"></span>a<span class=\"_ _1\"></span>l<span class=\"_ _383\"> </span>\u00a3m<span class=\"_ _1cc\"> </span><span class=\"ls2 ws2\">%<span class=\"_ _383\"> </span></span>Band<span class=\"_ _16f\"> </span><span class=\"ls2 ws2\"> <span class=\"_ _11a\"> </span> <span class=\"_ _11a\"> </span> <span class=\"_ _11a\"> </span> </span>0% \u2013 50%<span class=\"_ _171\"> </span><span class=\"ff2 ls9e ws98\">2<span class=\"_ _2\"></span>,<span class=\"_ _2\"></span>76<span class=\"_ _1\"></span>8<span class=\"_ _2\"></span>.<span class=\"_ _2\"></span>8<span class=\"_ _3e\"> </span><span class=\"ls11 ws6e\">9<span class=\"_ _1\"></span>14.7<span class=\"_ _6c\"> </span><span class=\"ls2 ws2\">3,683.5 <span class=\"_ _90\"> </span><span class=\"ls12 wsf\">16 <span class=\"_ _6c\"> </span></span></span></span></span><span class=\"lsf9 ws82\">2,293.3<span class=\"_ _a9\"> </span><span class=\"ls7c wsd0\">428<span class=\"_ _1\"></span>.<span class=\"_ _1\"></span>2<span class=\"_ _76\"> </span><span class=\"ls6f ws75\">2,721.5<span class=\"_ _20e\"> </span><span class=\"lscd wsce\">13 </span></span></span></span>50% \u2013 60%<span class=\"_ _1ac\"> </span><span class=\"ff2 lse5 wsea\">2<span class=\"_ _1\"></span>,<span class=\"_ _1\"></span>7<span class=\"_ _2\"></span>70.<span class=\"_ _1\"></span>7<span class=\"_ _7d\"> </span><span class=\"lsc3 wsc2\">1<span class=\"_ _1\"></span>,<span class=\"_ _1\"></span>3<span class=\"_ _2\"></span>61<span class=\"_ _1\"></span>.1<span class=\"_ _a1\"> </span><span class=\"ls14 ws11\">4,<span class=\"_ _6\"></span>131.8 <span class=\"_ _ca\"> </span><span class=\"ls12 wsf\">17 <span class=\"_ _121\"> </span><span class=\"ff1 ls7a wsa1\">1,935.3<span class=\"_ _3b\"> </span><span class=\"lsed wsf2\">49<span class=\"_ _1\"></span>0<span class=\"_ _1\"></span>.1<span class=\"_ _69\"> </span><span class=\"lsd7 wsd7\">2<span class=\"_ _1\"></span>,4<span class=\"_ _1\"></span>2<span class=\"_ _1\"></span>5<span class=\"_ _2\"></span>.4<span class=\"_ _18e\"> </span><span class=\"lsc7 ws7f\">11<span class=\"_ _1\"></span> </span></span></span></span></span></span></span></span>60% \u2013 7<span class=\"_ _6\"></span>0%<span class=\"_ _125\"> </span><span class=\"ff2 lsc4 wsc3\">4<span class=\"_ _2\"></span>,<span class=\"_ _0\"></span>6<span class=\"_ _0\"></span>4<span class=\"_ _2\"></span>7.<span class=\"_ _2\"></span>5<span class=\"_ _69\"> </span><span class=\"ls33 ws30\">3,<span class=\"_ _1\"></span>5<span class=\"_ _1\"></span>61.<span class=\"_ _1\"></span>7<span class=\"_ _89\"> </span><span class=\"ls2 ws2\">8<span class=\"_ _1\"></span>,209<span class=\"_ _6\"></span>.2 <span class=\"_ _53\"> </span>35 <span class=\"_ _69\"> </span><span class=\"ff1 lsf8 wsfd\">4<span class=\"_ _1\"></span>,<span class=\"_ _1\"></span>1<span class=\"_ _2\"></span>7<span class=\"_ _1\"></span>9.<span class=\"_ _2\"></span>0<span class=\"_ _83\"> </span><span class=\"ls9f wsbc\">1,<span class=\"_ _1\"></span>241.<span class=\"_ _8\"></span>9<span class=\"_ _40\"> </span><span class=\"ls86 wsf1\">5<span class=\"_ _1\"></span>,<span class=\"_ _1\"></span>42<span class=\"_ _2\"></span>0<span class=\"_ _1\"></span>.9<span class=\"_ _5e\"> </span><span class=\"ls1e ws43\">26 </span></span></span></span></span></span></span>7<span class=\"_ _6\"></span>0% \u2013 80%<span class=\"_ _123\"> </span><span class=\"ff2 lscd wsce\">2,<span class=\"_ _6\"></span>150.7<span class=\"_ _d\"> </span><span class=\"lsc4 wsc3\">4<span class=\"_ _2\"></span>,<span class=\"_ _3\"> </span>2<span class=\"_ _2\"></span>7<span class=\"_ _3\"> </span>7.<span class=\"_ _0\"></span>3<span class=\"_ _66\"> </span><span class=\"ls2 ws2\">6<span class=\"_ _1\"></span>,4<span class=\"_ _6\"></span>28.0 <span class=\"_ _53\"> </span><span class=\"lsc9 wsc9\">26 <span class=\"_ _6e\"> </span><span class=\"ff1 lsc8 wsc8\">2<span class=\"_ _0\"> </span>,<span class=\"_ _3\"> </span>8<span class=\"_ _0\"></span>8<span class=\"_ _2\"></span>7.<span class=\"_ _0\"></span>7<span class=\"_ _73\"> </span><span class=\"ls89 wscc\">6<span class=\"_ _1\"></span>,1<span class=\"_ _1\"></span>0<span class=\"_ _2\"></span>0<span class=\"_ _1\"></span>.<span class=\"_ _1\"></span>7<span class=\"_ _40\"> </span><span class=\"ls2c ws29\">8,<span class=\"_ _8\"></span>988.4<span class=\"_ _ce\"> </span><span class=\"ls2 ws2\">43 </span></span></span></span></span></span></span></span>80% \u2013 90%<span class=\"_ _2fa\"> </span><span class=\"ff2 ls1f ws1c\">548.3<span class=\"_ _98\"> </span><span class=\"lse3 wse7\">365.5<span class=\"_ _a9\"> </span><span class=\"ls2c ws29\">913.8 <span class=\"_ _20e\"> </span><span class=\"ls2 ws2\">4 <span class=\"_ _a9\"> </span></span></span></span></span><span class=\"lsc7 ws7f\">513<span class=\"_ _1\"></span>.<span class=\"_ _1\"></span>2<span class=\"_ _3e\"> </span><span class=\"lsd7 wsd7\">8<span class=\"_ _1\"></span>4<span class=\"_ _1\"></span>4<span class=\"_ _1\"></span>.4<span class=\"_ _7d\"> </span><span class=\"lsc8 wsc8\">1<span class=\"_ _0\"></span>,<span class=\"_ _0\"></span>3<span class=\"_ _0\"></span>5<span class=\"_ _2\"></span>7.<span class=\"_ _3\"> </span>6<span class=\"_ _118\"> </span></span></span></span><span class=\"ls2\">6 </span>90% \u2013 100%<span class=\"_ _2fa\"> </span><span class=\"ff2 ls14 ws11\">181.3<span class=\"_ _1c2\"> </span><span class=\"ls6f ws75\">2.5<span class=\"_ _a9\"> </span></span>183<span class=\"_ _1\"></span>.8 <span class=\"_ _116\"> </span><span class=\"ls2 ws2\">1 <span class=\"_ _96\"> </span></span></span><span class=\"lsc8 wsc8\">7<span class=\"_ _0\"></span>7.<span class=\"_ _0\"></span>8<span class=\"_ _23f\"> </span><span class=\"ls9f wsbc\">1.5<span class=\"_ _9c\"> </span><span class=\"lsf8 wsfd\">7<span class=\"_ _2\"></span>9.<span class=\"_ _2\"></span>3<span class=\"_ _35\"> </span></span></span></span><span class=\"ls2\">\u2013<span class=\"_ _383\"> </span></span>&gt;100%<span class=\"_ _2fb\"> </span><span class=\"ff2 lsc4 wsc3\">1<span class=\"_ _2\"></span>7<span class=\"_ _0\"> </span>7.<span class=\"_ _2\"></span>4<span class=\"_ _15e\"> </span></span><span class=\"ff2\">0.6<span class=\"_ _91\"> </span><span class=\"lscc wscd\">178<span class=\"_ _1\"></span>.0 <span class=\"_ _116\"> </span><span class=\"ls2 ws2\">1 <span class=\"_ _3b\"> </span></span></span></span><span class=\"ls38 ws35\">171.<span class=\"_ _1\"></span>0<span class=\"_ _d9\"> </span><span class=\"ls2 ws2\">\u2013<span class=\"_ _93\"> </span></span>17<span class=\"_ _1\"></span>1.<span class=\"_ _1\"></span>0<span class=\"_ _103\"> </span><span class=\"ls2 ws2\">1 </span></span>T<span class=\"_ _8\"></span>otal loans before provisions<span class=\"_ _10e\"> </span><span class=\"ls14 ws11\">13,<span class=\"_ _1\"></span>244.7<span class=\"_ _1fe\"> </span><span class=\"ls81 wsdf\">1<span class=\"_ _1\"></span>0,4<span class=\"_ _1\"></span>8<span class=\"_ _2\"></span>3.4<span class=\"_ _a6\"> </span><span class=\"lsc3 wsc2\">2<span class=\"_ _1\"></span>3<span class=\"_ _2\"></span>,<span class=\"_ _1\"></span>7<span class=\"_ _1\"></span>2<span class=\"_ _1\"></span>8<span class=\"_ _2\"></span>.1<span class=\"_ _1b4\"> </span><span class=\"lse3 wse7\">10<span class=\"_ _1\"></span>0<span class=\"_ _6c\"> </span><span class=\"ff1 lsc8 wsc8\">1<span class=\"_ _2\"></span>2<span class=\"_ _0\"></span>,<span class=\"_ _0\"></span>0<span class=\"_ _0\"></span>5<span class=\"_ _0\"></span>7.<span class=\"_ _0\"></span>3<span class=\"_ _7f\"> </span><span class=\"lsf8 wsfd\">9,1<span class=\"_ _2\"></span>0<span class=\"_ _2\"></span>6<span class=\"_ _2\"></span>.<span class=\"_ _2\"></span>8<span class=\"_ _a1\"> </span><span class=\"lsed wsf2\">2<span class=\"_ _1\"></span>1<span class=\"_ _1\"></span>,1<span class=\"_ _1\"></span>6<span class=\"_ _1\"></span>4.1<span class=\"_ _1c2\"> </span><span class=\"ls6f ws75\">100<span class=\"_ _383\"> </span></span></span></span></span></span></span></span></span>The table below sho<span class=\"_ _8\"></span>ws the L<span class=\"_ _8\"></span>T<span class=\"_ _1\"></span>V banding for the OSB segment<span class=\"_ _6\"></span>s<span class=\"_ _8\"></span>\u2019 two major lending streams: OSB<span class=\"_ _383\"> </span>2022<span class=\"_ _2dc\"> </span><span class=\"ff1\">2021<span class=\"_ _383\"> </span></span>BTL/SME<span class=\"_ _383\"> </span>\u00a3m<span class=\"_ _383\"> </span>Residential<span class=\"_ _383\"> </span>\u00a3m<span class=\"_ _383\"> </span>To<span class=\"_ _1\"></span>t<span class=\"_ _2\"></span>a<span class=\"_ _1\"></span>l<span class=\"_ _383\"> </span>\u00a3m<span class=\"_ _383\"> </span>%<span class=\"_ _383\"> </span>BTL/SME<span class=\"_ _383\"> </span>\u00a3m<span class=\"_ _383\"> </span>Residential<span class=\"_ _383\"> </span>\u00a3m<span class=\"_ _383\"> </span>To<span class=\"_ _1\"></span>t<span class=\"_ _2\"></span>a<span class=\"_ _1\"></span>l<span class=\"_ _383\"> </span>\u00a3m<span class=\"_ _383\"> </span>%<span class=\"_ _383\"> </span>Band<span class=\"_ _16f\"> </span><span class=\"ls2 ws2\"> <span class=\"_ _11a\"> </span> <span class=\"_ _11a\"> </span> <span class=\"_ _11a\"> </span> </span>0% \u2013 50%<span class=\"_ _2fa\"> </span><span class=\"ff2 ls81 wsdf\">1,<span class=\"_ _1\"></span>3<span class=\"_ _1\"></span>0<span class=\"_ _1\"></span>1<span class=\"_ _1\"></span>.4<span class=\"_ _8e\"> </span><span class=\"lsc4 wsc3\">1<span class=\"_ _0\"></span>,<span class=\"_ _2\"></span>4<span class=\"_ _0\"></span>6<span class=\"_ _2\"></span>7.<span class=\"_ _2\"></span>4<span class=\"_ _d\"> </span><span class=\"ls9e ws98\">2<span class=\"_ _2\"></span>,<span class=\"_ _2\"></span>76<span class=\"_ _1\"></span>8<span class=\"_ _2\"></span>.<span class=\"_ _2\"></span>8<span class=\"_ _2ec\"> </span><span class=\"ls6f ws75\">21 <span class=\"_ _d2\"> </span></span></span></span></span><span class=\"lsc8 wsc8\">1<span class=\"_ _0\"></span>,<span class=\"_ _2\"></span>0<span class=\"_ _3\"> </span>0<span class=\"_ _2\"></span>7.<span class=\"_ _0\"></span>6<span class=\"_ _73\"> </span><span class=\"ls9f wsbc\">1,<span class=\"_ _1\"></span>285<span class=\"_ _1\"></span>.7<span class=\"_ _121\"> </span><span class=\"lsf9 ws82\">2,293.3<span class=\"_ _20e\"> </span></span></span></span><span class=\"ws6e\">19 </span>50% \u2013 60%<span class=\"_ _1b5\"> </span><span class=\"ff2 lsf6 wsfb\">2,4<span class=\"_ _6\"></span>97<span class=\"_ _9\"></span>.2<span class=\"_ _98\"> </span><span class=\"ls7f wse1\">2<span class=\"_ _1\"></span>73.<span class=\"_ _1\"></span>5<span class=\"_ _9a\"> </span><span class=\"lse5 wsea\">2<span class=\"_ _1\"></span>,<span class=\"_ _1\"></span>7<span class=\"_ _1\"></span>70<span class=\"_ _1\"></span>.<span class=\"_ _1\"></span>7<span class=\"_ _ed\"> </span><span class=\"ls6f ws75\">21<span class=\"_ _1\"></span> <span class=\"_ _6b\"> </span><span class=\"ff1 ls9f wsbc\">1,<span class=\"_ _1\"></span>693.7<span class=\"_ _e8\"> </span><span class=\"ls78 ws109\">2<span class=\"_ _1\"></span>41<span class=\"_ _1\"></span>.<span class=\"_ _1\"></span>6<span class=\"_ _76\"> </span><span class=\"ls7a wsa1\">1,935.3<span class=\"_ _1da\"> </span><span class=\"lscc wscd\">16<span class=\"_ _1\"></span> </span></span></span></span></span></span></span></span>60% \u2013 7<span class=\"_ _6\"></span>0%<span class=\"_ _1ac\"> </span><span class=\"ff2 ls2\">4,386.0<span class=\"_ _5a\"> </span><span class=\"ls33 ws30\">261<span class=\"_ _1\"></span>.<span class=\"_ _1\"></span>5<span class=\"_ _6e\"> </span><span class=\"lsc4 wsc3\">4<span class=\"_ _2\"></span>,<span class=\"_ _0\"> </span>6<span class=\"_ _0\"></span>4<span class=\"_ _2\"></span>7.<span class=\"_ _0\"></span>5<span class=\"_ _23f\"> </span></span></span>36 <span class=\"_ _89\"> </span></span><span class=\"lsc5 wsc4\">3<span class=\"_ _2\"></span>,9<span class=\"_ _1\"></span>0<span class=\"_ _2\"></span>3<span class=\"_ _1\"></span>.<span class=\"_ _1\"></span>0<span class=\"_ _18d\"> </span><span class=\"lsd5 wsd5\">2<span class=\"_ _2\"></span>76<span class=\"_ _1\"></span>.<span class=\"_ _2\"></span>0<span class=\"_ _7d\"> </span><span class=\"lsf8 wsfd\">4<span class=\"_ _2\"></span>,1<span class=\"_ _2\"></span>7<span class=\"_ _2\"></span>9.<span class=\"_ _1\"></span>0<span class=\"_ _5e\"> </span></span></span></span><span class=\"ls2\">3<span class=\"_ _1\"></span>5 </span>7<span class=\"_ _6\"></span>0% \u2013 80%<span class=\"_ _108\"> </span><span class=\"ff2 lsc4 wsc3\">1<span class=\"_ _0\"></span>,<span class=\"_ _1\"></span>9<span class=\"_ _0\"></span>7<span class=\"_ _3\"> </span>7.<span class=\"_ _1\"></span>1<span class=\"_ _3d\"> </span><span class=\"ls7f wse1\">173<span class=\"_ _1\"></span>.6<span class=\"_ _6b\"> </span><span class=\"lscd wsce\">2,150.7<span class=\"_ _ed\"> </span><span class=\"ls12 wsf\">16<span class=\"_ _1\"></span> <span class=\"_ _6b\"> </span></span></span></span></span><span class=\"ls2\">2,64<span class=\"_ _6\"></span>7<span class=\"_ _1f6\"></span>.7<span class=\"_ _50\"> </span><span class=\"ls11 ws6e\">240.0<span class=\"_ _8e\"> </span><span class=\"lsc8 wsc8\">2<span class=\"_ _0\"> </span>,<span class=\"_ _3\"> </span>8<span class=\"_ _0\"></span>8<span class=\"_ _2\"></span>7.<span class=\"_ _0\"></span>7<span class=\"_ _2ec\"> </span><span class=\"lscd wsce\">24 </span></span></span></span>80% \u2013 90%<span class=\"_ _a8\"> </span><span class=\"ff2 lsc3 wsc2\">4<span class=\"_ _1\"></span>1<span class=\"_ _1\"></span>8<span class=\"_ _1\"></span>.1<span class=\"_ _5a\"> </span><span class=\"ls11 ws6e\">13<span class=\"_ _1\"></span>0.2<span class=\"_ _98\"> </span><span class=\"ls1f ws1c\">548.3<span class=\"_ _116\"> </span><span class=\"ls2 ws2\">4 <span class=\"_ _8c\"> </span></span></span></span></span><span class=\"ls7e ws16\">452.8<span class=\"_ _55\"> </span><span class=\"lsd7 wsd7\">6<span class=\"_ _1\"></span>0<span class=\"_ _1\"></span>.4<span class=\"_ _e8\"> </span><span class=\"lsc7 ws7f\">513<span class=\"_ _1\"></span>.<span class=\"_ _1\"></span>2<span class=\"_ _35\"> </span></span></span></span><span class=\"ls2\">4 </span>90% \u2013 100%<span class=\"_ _2fa\"> </span><span class=\"ff2 lsc4 wsc3\">1<span class=\"_ _2\"></span>6<span class=\"_ _2\"></span>7.<span class=\"_ _0\"></span>3<span class=\"_ _4f\"> </span><span class=\"ls7e ws16\">14<span class=\"_ _1\"></span>.0<span class=\"_ _3d\"> </span><span class=\"ls14 ws11\">181.<span class=\"_ _1\"></span>3<span class=\"_ _169\"> </span><span class=\"ls2 ws2\">1 <span class=\"_ _5c\"> </span></span></span></span></span><span class=\"ls7a wsa1\">66.2<span class=\"_ _1c2\"> </span><span class=\"lsc7 ws7f\">11.<span class=\"_ _1\"></span>6<span class=\"_ _61\"> </span><span class=\"lsc8 wsc8\">7<span class=\"_ _3\"> </span>7.<span class=\"_ _0\"></span>8<span class=\"_ _21a\"> </span></span></span></span><span class=\"ls2\">1 </span>&gt;100%<span class=\"_ _2fc\"> </span><span class=\"ff2 lsc5 wsc4\">17<span class=\"_ _1\"></span>2<span class=\"_ _2\"></span>.9<span class=\"_ _15c\"> </span></span><span class=\"ff2\">4.<span class=\"_ _1\"></span>5<span class=\"_ _3b\"> </span><span class=\"lsc4 wsc3\">1<span class=\"_ _2\"></span>7<span class=\"_ _0\"></span>7.<span class=\"_ _2\"></span>4<span class=\"_ _103\"> </span><span class=\"ls2 ws2\">1 <span class=\"_ _3d\"> </span></span></span></span><span class=\"lsed wsf2\">1<span class=\"_ _1\"></span>6<span class=\"_ _1\"></span>5<span class=\"_ _1\"></span>.1<span class=\"_ _5f\"> </span><span class=\"ls86 wsf1\">5<span class=\"_ _2\"></span>.9<span class=\"_ _9d\"> </span><span class=\"ls38 ws35\">17<span class=\"_ _1\"></span>1<span class=\"_ _1\"></span>.0<span class=\"_ _103\"> </span><span class=\"ls2 ws2\">1 </span></span></span></span>T<span class=\"_ _8\"></span>otal loans before provisions<span class=\"_ _2fd\"> </span><span class=\"ls89 wscc\">1<span class=\"_ _1\"></span>0<span class=\"_ _1\"></span>,9<span class=\"_ _1\"></span>2<span class=\"_ _1\"></span>0<span class=\"_ _1\"></span>.<span class=\"_ _1\"></span>0<span class=\"_ _66\"> </span></span>2,<span class=\"_ _1\"></span>324.7<span class=\"_ _67\"> </span><span class=\"ls14 ws11\">13,<span class=\"_ _1\"></span>244.7<span class=\"_ _37\"> </span><span class=\"lse3 wse7\">10<span class=\"_ _1\"></span>0 <span class=\"_ _69\"> </span><span class=\"ff1 ls7a wsa1\">9<span class=\"_ _8\"></span>,<span class=\"_ _6\"></span>936.<span class=\"_ _6\"></span>1<span class=\"_ _7d\"> </span><span class=\"ls89 wscc\">2<span class=\"_ _1\"></span>,1<span class=\"_ _1\"></span>2<span class=\"_ _1\"></span>1<span class=\"_ _1\"></span>.<span class=\"_ _2\"></span>2<span class=\"_ _6c\"> </span><span class=\"lsc8 wsc8\">1<span class=\"_ _0\"></span>2<span class=\"_ _0\"></span>,<span class=\"_ _0\"></span>0<span class=\"_ _0\"></span>5<span class=\"_ _2\"></span>7.<span class=\"_ _3\"> </span>3<span class=\"_ _15c\"> </span><span class=\"ls6f ws75\">100 </span></span></span></span></span></span>The tables below sho<span class=\"_ _8\"></span>w the L<span class=\"_ _8\"></span>T<span class=\"_ _1\"></span>V analysis of the OSB BTL/SME sub-segmen<span class=\"_ _6\"></span>t:<span class=\"_ _383\"> </span>OSB<span class=\"_ _383\"> </span>2022<span class=\"_ _383\"> </span>Buy-to-Let<span class=\"_ _383\"> </span>\u00a3m<span class=\"_ _383\"> </span>Commercial<span class=\"_ _383\"> </span>\u00a3m<span class=\"_ _383\"> </span>Residential dev<span class=\"_ _6\"></span>elopment<span class=\"_ _383\"> </span>\u00a3m<span class=\"_ _383\"> </span>Funding lines<span class=\"_ _383\"> </span>\u00a3m<span class=\"_ _383\"> </span>To<span class=\"_ _1\"></span>t<span class=\"_ _2\"></span>a<span class=\"_ _1\"></span>l<span class=\"_ _383\"> </span>\u00a3m<span class=\"_ _383\"> </span>Band<span class=\"_ _56\"> </span><span class=\"ls2 ws2\"> <span class=\"_ _21a\"> </span> <span class=\"_ _11a\"> </span> <span class=\"_ _11a\"> </span> <span class=\"_ _11a\"> </span> </span>0% \u2013 50%<span class=\"_ _292\"> </span><span class=\"ff2 lsc4 wsc3\">1<span class=\"_ _0\"></span>,<span class=\"_ _2\"></span>1<span class=\"_ _2\"></span>3<span class=\"_ _0\"></span>7.<span class=\"_ _0\"></span>6<span class=\"_ _5c\"> </span><span class=\"lscb wscb\">11<span class=\"_ _1\"></span>4.7<span class=\"_ _57\"> </span><span class=\"lsc3 wsc2\">1<span class=\"_ _1\"></span>6<span class=\"_ _1\"></span>.1<span class=\"_ _93\"> </span><span class=\"ls7e ws16\">3<span class=\"_ _1\"></span>3.0<span class=\"_ _40\"> </span><span class=\"ls81 wsdf\">1<span class=\"_ _1\"></span>,<span class=\"_ _1\"></span>3<span class=\"_ _2\"></span>01<span class=\"_ _1\"></span>.4<span class=\"_ _383\"> </span></span></span></span></span></span>50% \u2013 60%<span class=\"_ _cc\"> </span><span class=\"ff2 lsc3 wsc2\">2<span class=\"_ _1\"></span>,<span class=\"_ _2\"></span>3<span class=\"_ _1\"></span>2<span class=\"_ _2\"></span>4<span class=\"_ _1\"></span>.1<span class=\"_ _3b\"> </span><span class=\"lscb wscb\">112.<span class=\"_ _1\"></span>8<span class=\"_ _55\"> </span><span class=\"lsc4 wsc3\">5<span class=\"_ _2\"></span>7.<span class=\"_ _0\"></span>2<span class=\"_ _ca\"> </span></span></span>3<span class=\"_ _1\"></span>.1<span class=\"_ _6e\"> </span><span class=\"lsf6 wsfb\">2,4<span class=\"_ _6\"></span>97<span class=\"_ _9\"></span>.2<span class=\"_ _383\"> </span></span></span>60% \u2013 7<span class=\"_ _6\"></span>0%<span class=\"_ _2fe\"> </span><span class=\"ff2 lscb wscb\">4,111.4<span class=\"_ _91\"> </span><span class=\"ls81 wsdf\">16<span class=\"_ _1\"></span>4<span class=\"_ _1\"></span>.4<span class=\"_ _3d\"> </span></span>110<span class=\"_ _1\"></span>.<span class=\"_ _1\"></span>2<span class=\"_ _1cc\"> </span><span class=\"ls2 ws2\">\u2013<span class=\"_ _89\"> </span>4,386.0<span class=\"_ _383\"> </span></span></span>7<span class=\"_ _6\"></span>0% \u2013 80%<span class=\"_ _2b2\"> </span><span class=\"ff2 ls6f ws75\">1,74<span class=\"_ _6\"></span>1.5<span class=\"_ _8c\"> </span><span class=\"ls7d wse2\">23<span class=\"_ _1\"></span>5.6<span class=\"_ _1cc\"> </span><span class=\"ls2 ws2\">\u2013<span class=\"_ _1cc\"> </span>\u2013<span class=\"_ _7f\"> </span><span class=\"lsc4 wsc3\">1<span class=\"_ _0\"></span>,<span class=\"_ _2\"></span>9<span class=\"_ _2\"></span>7<span class=\"_ _3\"> </span>7.<span class=\"_ _1\"></span>1<span class=\"_ _383\"> </span></span></span></span></span>80% \u2013 90%<span class=\"_ _6f\"> </span><span class=\"ff2 ls7d wse2\">232.8<span class=\"_ _3d\"> </span><span class=\"ls1e ws43\">1<span class=\"_ _1\"></span>51.6<span class=\"_ _d9\"> </span><span class=\"ls2 ws2\">\u2013<span class=\"_ _93\"> </span><span class=\"lscd wsce\">3<span class=\"_ _1\"></span>3.7<span class=\"_ _3b\"> </span><span class=\"lsc3 wsc2\">4<span class=\"_ _1\"></span>1<span class=\"_ _1\"></span>8<span class=\"_ _2\"></span>.1<span class=\"_ _383\"> </span></span></span></span></span></span>90% \u2013 100%<span class=\"_ _2a6\"> </span><span class=\"ff2 lsc4 wsc3\">7<span class=\"_ _2\"></span>7.<span class=\"_ _2\"></span>1<span class=\"_ _96\"> </span><span class=\"lsd3 ws86\">63.8<span class=\"_ _116\"> </span><span class=\"ls2 ws2\">\u2013<span class=\"_ _9d\"> </span><span class=\"ls81 wsdf\">26<span class=\"_ _1\"></span>.4<span class=\"_ _3b\"> </span></span></span></span>1<span class=\"_ _2\"></span>6<span class=\"_ _2\"></span>7.<span class=\"_ _0\"> </span>3<span class=\"_ _383\"> </span></span>&gt;100%<span class=\"_ _2ff\"> </span><span class=\"ff2\">130.5<span class=\"_ _9d\"> </span><span class=\"ls81 wsdf\">38<span class=\"_ _1\"></span>.4<span class=\"_ _5f\"> </span><span class=\"ls7e ws16\">1.0<span class=\"_ _1c2\"> </span>3<span class=\"_ _1\"></span>.0<span class=\"_ _18d\"> </span><span class=\"lsc5 wsc4\">1<span class=\"_ _1\"></span>72<span class=\"_ _2\"></span>.9<span class=\"_ _383\"> </span></span></span></span></span>T<span class=\"_ _8\"></span>otal loans before provisions<span class=\"_ _300\"> </span><span class=\"lsd3 ws86\">9<span class=\"_ _8\"></span>,755.0<span class=\"_ _50\"> </span><span class=\"ls14 ws11\">881.<span class=\"_ _1\"></span>3<span class=\"_ _a9\"> </span><span class=\"ls11 ws6e\">18<span class=\"_ _1\"></span>4.5<span class=\"_ _9d\"> </span><span class=\"lsc6 wsc5\">9<span class=\"_ _2\"></span>9.<span class=\"_ _0\"></span>2<span class=\"_ _1fe\"> </span><span class=\"ls89 wscc\">1<span class=\"_ _1\"></span>0<span class=\"_ _1\"></span>,9<span class=\"_ _1\"></span>2<span class=\"_ _1\"></span>0<span class=\"_ _1\"></span>.<span class=\"_ _1\"></span>0<span class=\"_ _383\"> </span></span></span></span></span></span>OSB<span class=\"_ _383\"> </span>2021<span class=\"_ _383\"> </span>Buy-to-Let<span class=\"_ _383\"> </span>\u00a3m<span class=\"_ _383\"> </span>Commercial<span class=\"_ _383\"> </span>\u00a3m<span class=\"_ _383\"> </span>Residential developmen<span class=\"_ _6\"></span>t<span class=\"_ _383\"> </span>\u00a3m<span class=\"_ _383\"> </span>Funding lines<span class=\"_ _383\"> </span>\u00a3m<span class=\"_ _383\"> </span>To<span class=\"_ _1\"></span>t<span class=\"_ _2\"></span>a<span class=\"_ _1\"></span>l<span class=\"_ _383\"> </span>\u00a3m<span class=\"_ _383\"> </span>Band<span class=\"_ _383\"> </span>0% \u2013 50%<span class=\"_ _2a6\"> </span><span class=\"ls88 wse3\">8<span class=\"_ _1\"></span>0<span class=\"_ _1\"></span>4.<span class=\"_ _1\"></span>0<span class=\"_ _9d\"> </span><span class=\"ls86 wsf1\">11<span class=\"_ _2\"></span>8<span class=\"_ _1\"></span>.9<span class=\"_ _57\"> </span></span></span><span class=\"ws6e\">19<span class=\"_ _8\"></span>.0<span class=\"_ _254\"> </span><span class=\"ls14 ws11\">65.7<span class=\"_ _73\"> </span><span class=\"lsc8 wsc8\">1<span class=\"_ _2\"></span>,<span class=\"_ _0\"></span>0<span class=\"_ _3\"> </span>0<span class=\"_ _2\"></span>7.<span class=\"_ _0\"></span>6<span class=\"_ _383\"> </span></span></span></span>50% \u2013 60%<span class=\"_ _301\"> </span><span class=\"ws6e\">1,532<span class=\"_ _1\"></span>.0<span class=\"_ _2ab\"> </span><span class=\"lsed wsf2\">1<span class=\"_ _2\"></span>0<span class=\"_ _1\"></span>5<span class=\"_ _2\"></span>.1<span class=\"_ _d0\"> </span>4<span class=\"_ _1\"></span>0<span class=\"_ _1\"></span>.1<span class=\"_ _37\"> </span><span class=\"lscc wscd\">16<span class=\"_ _1\"></span>.5<span class=\"_ _73\"> </span><span class=\"ls9f wsbc\">1,693.<span class=\"_ _1\"></span>7<span class=\"_ _383\"> </span></span></span></span></span>60% \u2013 7<span class=\"_ _6\"></span>0%<span class=\"_ _24c\"> </span><span class=\"lsed wsf2\">3<span class=\"_ _1\"></span>,<span class=\"_ _1\"></span>7<span class=\"_ _1\"></span>0<span class=\"_ _2\"></span>8<span class=\"_ _1\"></span>.1<span class=\"_ _93\"> </span>1<span class=\"_ _1\"></span>3<span class=\"_ _2\"></span>0<span class=\"_ _1\"></span>.1<span class=\"_ _1b4\"> </span><span class=\"lsa wse4\">61.<span class=\"_ _1\"></span>6<span class=\"_ _e5\"> </span><span class=\"ls2c ws29\">3.2<span class=\"_ _121\"> </span><span class=\"lsc5 wsc4\">3<span class=\"_ _2\"></span>,9<span class=\"_ _1\"></span>0<span class=\"_ _2\"></span>3<span class=\"_ _1\"></span>.<span class=\"_ _1\"></span>0<span class=\"_ _383\"> </span></span></span></span></span>7<span class=\"_ _6\"></span>0% \u2013 80%<span class=\"_ _302\"> </span><span class=\"lsd7 wsd7\">2<span class=\"_ _1\"></span>,4<span class=\"_ _1\"></span>2<span class=\"_ _1\"></span>3<span class=\"_ _2\"></span>.<span class=\"_ _1\"></span>7<span class=\"_ _91\"> </span><span class=\"ls88 wse3\">224.<span class=\"_ _1\"></span>0<span class=\"_ _d9\"> </span></span></span><span class=\"ls2\">\u2013<span class=\"_ _1cc\"> </span>\u2013<span class=\"_ _a1\"> </span>2,64<span class=\"_ _6\"></span>7<span class=\"_ _1f6\"></span>.7<span class=\"_ _383\"> </span></span>80% \u2013 90%<span class=\"_ _211\"> </span><span class=\"ls6f ws75\">249<span class=\"_ _6\"></span>.5<span class=\"_ _e8\"> </span><span class=\"ls86 wsf1\">16<span class=\"_ _2\"></span>5<span class=\"_ _1\"></span>.9<span class=\"_ _d9\"> </span><span class=\"ls2 ws2\">\u2013<span class=\"_ _d0\"> </span><span class=\"lsc8 wsc8\">3<span class=\"_ _0\"></span>7.<span class=\"_ _1\"></span>4<span class=\"_ _3e\"> </span><span class=\"ls7e ws16\">452<span class=\"_ _1\"></span>.8<span class=\"_ _383\"> </span></span></span></span></span></span>90% \u2013 100%<span class=\"_ _2ad\"> </span><span class=\"lsd7 wsd7\">4<span class=\"_ _2\"></span>6<span class=\"_ _1\"></span>.4<span class=\"_ _57\"> </span><span class=\"lsf8 wsfd\">1<span class=\"_ _2\"></span>9.<span class=\"_ _2\"></span>8<span class=\"_ _35\"> </span></span></span><span class=\"ls2\">\u2013<span class=\"_ _1cc\"> </span>\u2013<span class=\"_ _96\"> </span><span class=\"ls7a wsa1\">66.<span class=\"_ _1\"></span>2<span class=\"_ _383\"> </span></span></span>&gt;100%<span class=\"_ _303\"> </span><span class=\"ls88 wse3\">10<span class=\"_ _1\"></span>4.0<span class=\"_ _55\"> </span><span class=\"ls9f wsbc\">30.6<span class=\"_ _d9\"> </span><span class=\"ls2 ws2\">\u2013<span class=\"_ _9d\"> </span></span>3<span class=\"_ _1\"></span>0.5<span class=\"_ _93\"> </span><span class=\"lsed wsf2\">1<span class=\"_ _1\"></span>6<span class=\"_ _1\"></span>5<span class=\"_ _2\"></span>.1<span class=\"_ _383\"> </span></span></span></span>T<span class=\"_ _8\"></span>otal loans before provisions<span class=\"_ _13a\"> </span><span class=\"ff1 lsd4 ws46\">8,867<span class=\"_ _9\"></span>.7<span class=\"_ _18d\"> </span><span class=\"lsd7 wsd7\">7<span class=\"_ _1\"></span>9<span class=\"_ _1\"></span>4<span class=\"_ _1\"></span>.4<span class=\"_ _e8\"> </span><span class=\"ls12 wsf\">12<span class=\"_ _1\"></span>0.7<span class=\"_ _3b\"> </span><span class=\"lsf9 ws82\">153.3<span class=\"_ _73\"> </span><span class=\"ls7a wsa1\">9<span class=\"_ _8\"></span>,936.<span class=\"_ _8\"></span>1<span class=\"_ _383\"> </span></span></span></span></span></span>The tables below sho<span class=\"_ _8\"></span>w the L<span class=\"_ _8\"></span>T<span class=\"_ _1\"></span>V analysis of the OSB Residential sub-segmen<span class=\"_ _6\"></span>t:<span class=\"_ _383\"> </span>OSB<span class=\"_ _383\"> </span>2022<span class=\"_ _2dc\"> </span><span class=\"ff1\">2021<span class=\"_ _383\"> </span></span>First charge<span class=\"_ _383\"> </span>\u00a3m<span class=\"_ _383\"> </span>Sec<span class=\"_ _1\"></span>ond charge<span class=\"_ _383\"> </span>\u00a3m<span class=\"_ _383\"> </span>Funding lines<span class=\"_ _383\"> </span>\u00a3m<span class=\"_ _383\"> </span>To<span class=\"_ _1\"></span>t<span class=\"_ _2\"></span>a<span class=\"_ _1\"></span>l<span class=\"_ _383\"> </span>\u00a3m<span class=\"_ _383\"> </span>First char<span class=\"_ _6\"></span>ge<span class=\"_ _383\"> </span>\u00a3m<span class=\"_ _383\"> </span>Second charge<span class=\"_ _383\"> </span>\u00a3m<span class=\"_ _383\"> </span>Funding lines<span class=\"_ _383\"> </span>\u00a3m<span class=\"_ _383\"> </span>To<span class=\"_ _1\"></span>t<span class=\"_ _2\"></span>a<span class=\"_ _1\"></span>l<span class=\"_ _383\"> </span>\u00a3m<span class=\"_ _383\"> </span>Band<span class=\"_ _16f\"> </span><span class=\"ls2 ws2\"> <span class=\"_ _11a\"> </span> <span class=\"_ _11a\"> </span> <span class=\"_ _11a\"> </span> </span>0% \u2013 50%<span class=\"_ _2fa\"> </span><span class=\"ff2 lsc4 wsc3\">1<span class=\"_ _2\"></span>,<span class=\"_ _0\"></span>3<span class=\"_ _0\"></span>5<span class=\"_ _2\"></span>7.<span class=\"_ _0\"></span>6<span class=\"_ _18d\"> </span><span class=\"lsc6 wsc5\">1<span class=\"_ _1\"></span>0<span class=\"_ _2\"></span>9.<span class=\"_ _2\"></span>8<span class=\"_ _d9\"> </span><span class=\"ls2 ws2\">\u2013 <span class=\"_ _d\"> </span></span></span>1<span class=\"_ _0\"></span>,<span class=\"_ _2\"></span>4<span class=\"_ _0\"></span>6<span class=\"_ _2\"></span>7.<span class=\"_ _2\"></span>4<span class=\"_ _70\"> </span></span><span class=\"ls89 wscc\">1<span class=\"_ _1\"></span>,1<span class=\"_ _1\"></span>7<span class=\"_ _1\"></span>3<span class=\"_ _1\"></span>.<span class=\"_ _2\"></span>3<span class=\"_ _254\"> </span><span class=\"lsc7 ws7f\">111.<span class=\"_ _1\"></span>8<span class=\"_ _15e\"> </span><span class=\"ls9f wsbc\">0.<span class=\"_ _1\"></span>6<span class=\"_ _a1\"> </span>1,28<span class=\"_ _1\"></span>5.7<span class=\"_ _383\"> </span></span></span></span>50% \u2013 60%<span class=\"_ _304\"> </span><span class=\"ff2 lsc3 wsc2\">2<span class=\"_ _1\"></span>3<span class=\"_ _2\"></span>8<span class=\"_ _1\"></span>.1<span class=\"_ _9d\"> </span><span class=\"ls81 wsdf\">3<span class=\"_ _2\"></span>5.4<span class=\"_ _d9\"> </span><span class=\"ls2 ws2\">\u2013 <span class=\"_ _122\"> </span><span class=\"ls7f wse1\">273<span class=\"_ _1\"></span>.5<span class=\"_ _e8\"> </span></span></span></span></span><span class=\"lsd3 ws86\">189<span class=\"_ _8\"></span>.8<span class=\"_ _61\"> </span><span class=\"lsc7 ws7f\">51<span class=\"_ _1\"></span>.<span class=\"_ _1\"></span>8<span class=\"_ _d9\"> </span><span class=\"ls2 ws2\">\u2013 <span class=\"_ _50\"> </span><span class=\"ls78 ws109\">2<span class=\"_ _1\"></span>41<span class=\"_ _1\"></span>.<span class=\"_ _2\"></span>6<span class=\"_ _383\"> </span></span></span></span></span>60% \u2013 7<span class=\"_ _6\"></span>0%<span class=\"_ _107\"> </span><span class=\"ff2 lsc5 wsc4\">2<span class=\"_ _1\"></span>4<span class=\"_ _1\"></span>2<span class=\"_ _2\"></span>.9<span class=\"_ _254\"> </span><span class=\"ls14 ws11\">18.<span class=\"_ _1\"></span>6<span class=\"_ _1cc\"> </span><span class=\"ls2 ws2\">\u2013 <span class=\"_ _8c\"> </span><span class=\"ls33 ws30\">2<span class=\"_ _1\"></span>61.<span class=\"_ _1\"></span>5<span class=\"_ _a9\"> </span></span></span></span></span><span class=\"ls9f wsbc\">240.<span class=\"_ _1\"></span>2<span class=\"_ _55\"> </span><span class=\"ls7a wsa1\">35.8<span class=\"_ _1cc\"> </span></span></span><span class=\"ls2\">\u2013 <span class=\"_ _98\"> </span><span class=\"lsd5 wsd5\">2<span class=\"_ _1\"></span>76<span class=\"_ _2\"></span>.<span class=\"_ _1\"></span>0<span class=\"_ _383\"> </span></span></span>7<span class=\"_ _6\"></span>0% \u2013 80%<span class=\"_ _a4\"> </span><span class=\"ff2 ls12 wsf\">16<span class=\"_ _1\"></span>8.<span class=\"_ _1\"></span>3<span class=\"_ _15c\"> </span><span class=\"ls7d wse2\">5.3<span class=\"_ _1cc\"> </span><span class=\"ls2 ws2\">\u2013 <span class=\"_ _98\"> </span><span class=\"ls7f wse1\">173.<span class=\"_ _1\"></span>6<span class=\"_ _3b\"> </span></span></span></span></span><span class=\"ls9f wsbc\">221.3<span class=\"_ _37\"> </span><span class=\"ls14 ws11\">18<span class=\"_ _1\"></span>.7<span class=\"_ _1cc\"> </span></span></span><span class=\"ls2\">\u2013 <span class=\"_ _83\"> </span></span><span class=\"ws6e\">24<span class=\"_ _1\"></span>0.0<span class=\"_ _383\"> </span></span>80% \u2013 90%<span class=\"_ _18b\"> </span><span class=\"ff2 ls7e ws16\">128.<span class=\"_ _1\"></span>8<span class=\"_ _5f\"> </span><span class=\"ls81 wsdf\">1<span class=\"_ _1\"></span>.4<span class=\"_ _d9\"> </span><span class=\"ls2 ws2\">\u2013 <span class=\"_ _83\"> </span><span class=\"ls11 ws6e\">130.<span class=\"_ _1\"></span>2<span class=\"_ _55\"> </span></span></span></span></span><span class=\"ls6f ws75\">56.5<span class=\"_ _8b\"> </span><span class=\"ls86 wsf1\">3<span class=\"_ _1\"></span>.9<span class=\"_ _d9\"> </span></span></span><span class=\"ls2\">\u2013 <span class=\"_ _5c\"> </span><span class=\"lsd7 wsd7\">6<span class=\"_ _2\"></span>0<span class=\"_ _1\"></span>.4<span class=\"_ _383\"> </span></span></span>90% \u2013 100%<span class=\"_ _a8\"> </span><span class=\"ff2 ls81 wsdf\">1<span class=\"_ _1\"></span>3<span class=\"_ _1\"></span>.4<span class=\"_ _15c\"> </span><span class=\"ls11 ws6e\">0.6<span class=\"_ _1cc\"> </span><span class=\"ls2 ws2\">\u2013 <span class=\"_ _2ab\"> </span><span class=\"ls7e ws16\">14.0<span class=\"_ _61\"> </span></span></span></span></span><span class=\"ls9f wsbc\">10.3<span class=\"_ _ca\"> </span>1.3<span class=\"_ _d9\"> </span></span><span class=\"ls2\">\u2013 <span class=\"_ _9c\"> </span><span class=\"lsc7 ws7f\">11.<span class=\"_ _1\"></span>6<span class=\"_ _383\"> </span></span></span>&gt;100%<span class=\"_ _305\"> </span><span class=\"ff2 lsd3 ws86\">3.8<span class=\"_ _15c\"> </span></span><span class=\"ff2\">0.7<span class=\"_ _1cc\"> </span><span class=\"ls2 ws2\">\u2013 <span class=\"_ _d0\"> </span></span>4.5<span class=\"_ _e5\"> </span></span><span class=\"ls88 wse3\">4.<span class=\"_ _1\"></span>5<span class=\"_ _ce\"> </span><span class=\"lsd7 wsd7\">1<span class=\"_ _1\"></span>.4<span class=\"_ _d9\"> </span><span class=\"ls2 ws2\">\u2013 <span class=\"_ _b2\"> </span><span class=\"ls86 wsf1\">5<span class=\"_ _2\"></span>.9<span class=\"_ _383\"> </span></span></span></span></span>T<span class=\"_ _8\"></span>otal loans before provisions<span class=\"_ _159\"> </span><span class=\"lsd7 wsd7\">2<span class=\"_ _1\"></span>,1<span class=\"_ _1\"></span>5<span class=\"_ _1\"></span>2<span class=\"_ _2\"></span>.9<span class=\"_ _e8\"> </span><span class=\"ls12 wsf\">171.<span class=\"_ _1\"></span>8<span class=\"_ _1cc\"> </span><span class=\"ls2 ws2\">\u2013 <span class=\"_ _19f\"> </span></span></span></span>2,3<span class=\"_ _1\"></span>24.7<span class=\"_ _76\"> </span><span class=\"ff1 ls86 wsf1\">1<span class=\"_ _1\"></span>,<span class=\"_ _2\"></span>8<span class=\"_ _1\"></span>9<span class=\"_ _1\"></span>5<span class=\"_ _2\"></span>.9<span class=\"_ _18d\"> </span><span class=\"lse3 wse7\">224.7<span class=\"_ _53\"> </span><span class=\"ls9f wsbc\">0.6<span class=\"_ _7d\"> </span><span class=\"ls89 wscc\">2<span class=\"_ _2\"></span>,12<span class=\"_ _2\"></span>1.<span class=\"_ _2\"></span>2<span class=\"_ _383\"> </span></span></span></span></span>The table below sho<span class=\"_ _8\"></span>ws the L<span class=\"_ _8\"></span>T<span class=\"_ _1\"></span>V analysis of the four CCFS sub-segmen<span class=\"_ _6\"></span>t: CCFS<span class=\"_ _383\"> </span>2022<span class=\"_ _383\"> </span>Buy-to-Let<span class=\"_ _383\"> </span>\u00a3m<span class=\"_ _383\"> </span>Residential<span class=\"_ _383\"> </span>\u00a3m<span class=\"_ _383\"> </span>Bridging<span class=\"_ _383\"> </span>\u00a3m<span class=\"_ _383\"> </span>Sec<span class=\"_ _1\"></span>ond charge lending<span class=\"_ _383\"> </span>\u00a3m<span class=\"_ _383\"> </span>To<span class=\"_ _1\"></span>t<span class=\"_ _2\"></span>a<span class=\"_ _1\"></span>l<span class=\"_ _383\"> </span>\u00a3m<span class=\"_ _116\"> </span><span class=\"ls2 ws2\">%<span class=\"_ _383\"> </span></span>Band<span class=\"_ _21c\"> </span><span class=\"ls2 ws2\"> <span class=\"_ _11a\"> </span> <span class=\"_ _11a\"> </span> <span class=\"_ _11a\"> </span> <span class=\"_ _11a\"> </span> <span class=\"_ _11a\"> </span> </span>0% \u2013 50%<span class=\"_ _2dc\"> </span><span class=\"ff2 ls2c ws29\">308.6<span class=\"_ _8c\"> </span><span class=\"lscd wsce\">498.<span class=\"_ _1\"></span>3<span class=\"_ _9d\"> </span><span class=\"lsc5 wsc4\">6<span class=\"_ _1\"></span>2<span class=\"_ _2\"></span>.9<span class=\"_ _96\"> </span>4<span class=\"_ _1\"></span>4<span class=\"_ _1\"></span>.9<span class=\"_ _3e\"> </span><span class=\"ls11 ws6e\">914.<span class=\"_ _1\"></span>7<span class=\"_ _d9\"> </span><span class=\"ls2 ws2\">9 </span></span></span></span></span>50% \u2013 60%<span class=\"_ _306\"> </span><span class=\"ff2 lsc6 wsc5\">7<span class=\"_ _1\"></span>9<span class=\"_ _2\"></span>9.<span class=\"_ _2\"></span>5<span class=\"_ _a9\"> </span><span class=\"ls14 ws11\">5<span class=\"_ _1\"></span>01.8<span class=\"_ _55\"> </span></span>2<span class=\"_ _1\"></span>9.9<span class=\"_ _55\"> </span>2<span class=\"_ _2\"></span>9.<span class=\"_ _1\"></span>9<span class=\"_ _7d\"> </span><span class=\"lsc3 wsc2\">1<span class=\"_ _2\"></span>,<span class=\"_ _1\"></span>3<span class=\"_ _2\"></span>61<span class=\"_ _1\"></span>.1<span class=\"_ _1da\"> </span><span class=\"ls14 ws11\">13 </span></span></span>60% \u2013 7<span class=\"_ _6\"></span>0%<span class=\"_ _c6\"> </span><span class=\"ff2 lsc4 wsc3\">2<span class=\"_ _2\"></span>,<span class=\"_ _0\"> </span>5<span class=\"_ _0\"> </span>8<span class=\"_ _0\"></span>7.<span class=\"_ _0\"></span>6<span class=\"_ _86\"> </span><span class=\"ls11 ws6e\">9<span class=\"_ _1\"></span>24.<span class=\"_ _1\"></span>2<span class=\"_ _93\"> </span><span class=\"lsff ws91\">25.6<span class=\"_ _59\"> </span></span>2<span class=\"_ _1\"></span>4.3<span class=\"_ _6b\"> </span><span class=\"ls33 ws30\">3<span class=\"_ _1\"></span>,<span class=\"_ _1\"></span>5<span class=\"_ _1\"></span>61<span class=\"_ _1\"></span>.7<span class=\"_ _ca\"> </span><span class=\"ls2 ws2\">3<span class=\"_ _1\"></span>4 </span></span></span></span>7<span class=\"_ _6\"></span>0% \u2013 80%<span class=\"_ _307\"> </span><span class=\"ff2 ls33 ws30\">3<span class=\"_ _1\"></span>,61<span class=\"_ _1\"></span>3<span class=\"_ _1\"></span>.<span class=\"_ _1\"></span>8<span class=\"_ _86\"> </span><span class=\"lsc5 wsc4\">6<span class=\"_ _1\"></span>2<span class=\"_ _1\"></span>2<span class=\"_ _2\"></span>.9<span class=\"_ _96\"> </span>2<span class=\"_ _1\"></span>6<span class=\"_ _2\"></span>.9<span class=\"_ _9c\"> </span><span class=\"lscd wsce\">13.7<span class=\"_ _d\"> </span><span class=\"lsc4 wsc3\">4<span class=\"_ _2\"></span>,<span class=\"_ _3\"> </span>2<span class=\"_ _2\"></span>7<span class=\"_ _3\"> </span>7.<span class=\"_ _0\"></span>3<span class=\"_ _20e\"> </span><span class=\"lse0 wse0\">41 </span></span></span></span></span>80% \u2013 90%<span class=\"_ _d3\"> </span><span class=\"ff2 lsc3 wsc2\">2<span class=\"_ _1\"></span>1<span class=\"_ _1\"></span>5<span class=\"_ _2\"></span>.1<span class=\"_ _5a\"> </span><span class=\"ls6f ws75\">146.8<span class=\"_ _15c\"> </span><span class=\"ls81 wsdf\">2<span class=\"_ _1\"></span>.4<span class=\"_ _5f\"> </span><span class=\"ls14 ws11\">1.<span class=\"_ _1\"></span>2<span class=\"_ _98\"> </span><span class=\"lse3 wse7\">365.5<span class=\"_ _d9\"> </span><span class=\"ls2 ws2\">3 </span></span></span></span></span></span>90% \u2013 100%<span class=\"_ _308\"> </span><span class=\"ff2 ws6e\">0.2<span class=\"_ _1c2\"> </span>0.8<span class=\"_ _5f\"> </span><span class=\"ls14 ws11\">1.5<span class=\"_ _1cc\"> </span><span class=\"ls2 ws2\">\u2013<span class=\"_ _1c2\"> </span><span class=\"ls6f ws75\">2<span class=\"_ _1\"></span>.5<span class=\"_ _1cc\"> </span></span>\u2013<span class=\"_ _383\"> </span></span></span></span>&gt;100%<span class=\"_ _1a0\"> </span><span class=\"ff2 ls2 ws2\">-<span class=\"_ _5f\"> </span><span class=\"lsc3 wsc2\">0<span class=\"_ _1\"></span>.1<span class=\"_ _15c\"> </span></span></span><span class=\"ff2\">0.5<span class=\"_ _d9\"> </span><span class=\"ls2 ws2\">\u2013<span class=\"_ _63\"> </span></span>0.<span class=\"_ _1\"></span>6<span class=\"_ _1cc\"> </span><span class=\"ls2 ws2\">\u2013<span class=\"_ _383\"> </span></span></span>T<span class=\"_ _8\"></span>otal loans before provisions<span class=\"_ _309\"> </span><span class=\"lse4 wse9\">7,<span class=\"_ _2\"></span>5<span class=\"_ _0\"></span>2<span class=\"_ _0\"></span>4<span class=\"_ _2\"></span>.<span class=\"_ _0\"> </span>8<span class=\"_ _6e\"> </span><span class=\"lsc5 wsc4\">2<span class=\"_ _1\"></span>,<span class=\"_ _1\"></span>6<span class=\"_ _2\"></span>9<span class=\"_ _1\"></span>4<span class=\"_ _1\"></span>.9<span class=\"_ _3d\"> </span><span class=\"ls6f ws75\">149<span class=\"_ _8\"></span>.7<span class=\"_ _3d\"> </span><span class=\"lscb wscb\">11<span class=\"_ _1\"></span>4.0<span class=\"_ _67\"> </span><span class=\"ls81 wsdf\">10<span class=\"_ _1\"></span>,4<span class=\"_ _1\"></span>8<span class=\"_ _1\"></span>3<span class=\"_ _1\"></span>.4<span class=\"_ _1b4\"> </span><span class=\"lse3 wse7\">10<span class=\"_ _1\"></span>0<span class=\"_ _383\"> </span></span></span></span></span></span></span>CCFS<span class=\"_ _383\"> </span>2021<span class=\"_ _383\"> </span>Buy-to-Let<span class=\"_ _383\"> </span>\u00a3m<span class=\"_ _383\"> </span>Residential<span class=\"_ _383\"> </span>\u00a3m<span class=\"_ _383\"> </span>Bridging<span class=\"_ _383\"> </span>\u00a3m<span class=\"_ _383\"> </span>Second charge lending<span class=\"_ _383\"> </span>\u00a3m<span class=\"_ _383\"> </span>To<span class=\"_ _1\"></span>t<span class=\"_ _2\"></span>a<span class=\"_ _1\"></span>l<span class=\"_ _383\"> </span>\u00a3m<span class=\"_ _1cc\"> </span><span class=\"ls2 ws2\">%<span class=\"_ _383\"> </span></span>Band<span class=\"_ _383\"> </span>0% \u2013 50%<span class=\"_ _30a\"> </span><span class=\"ls88 wse3\">10<span class=\"_ _1\"></span>4.<span class=\"_ _1\"></span>8<span class=\"_ _3b\"> </span><span class=\"lsa wse4\">2<span class=\"_ _1\"></span>61.<span class=\"_ _1\"></span>0<span class=\"_ _55\"> </span><span class=\"ls9f wsbc\">30.2<span class=\"_ _55\"> </span><span class=\"ls7d wse2\">32.2<span class=\"_ _a9\"> </span><span class=\"ls7c wsd0\">42<span class=\"_ _1\"></span>8<span class=\"_ _1\"></span>.<span class=\"_ _1\"></span>2<span class=\"_ _d9\"> </span></span></span></span></span></span><span class=\"ls2\">5 </span>50% \u2013 60%<span class=\"_ _fe\"> </span><span class=\"lsd7 wsd7\">20<span class=\"_ _2\"></span>5<span class=\"_ _1\"></span>.4<span class=\"_ _91\"> </span><span class=\"lscd wsce\">246.8<span class=\"_ _5f\"> </span><span class=\"lsf8 wsfd\">9.<span class=\"_ _2\"></span>3<span class=\"_ _254\"> </span><span class=\"ls54 ws55\">28<span class=\"_ _1\"></span>.6<span class=\"_ _3b\"> </span><span class=\"lsed wsf2\">49<span class=\"_ _2\"></span>0<span class=\"_ _1\"></span>.1<span class=\"_ _35\"> </span></span></span></span></span></span><span class=\"ls2\">5 </span>60% \u2013 7<span class=\"_ _6\"></span>0%<span class=\"_ _2b4\"> </span><span class=\"lsd7 wsd7\">7<span class=\"_ _1\"></span>0<span class=\"_ _2\"></span>2<span class=\"_ _1\"></span>.4<span class=\"_ _3b\"> </span><span class=\"lsed wsf2\">4<span class=\"_ _1\"></span>8<span class=\"_ _2\"></span>0<span class=\"_ _1\"></span>.1<span class=\"_ _57\"> </span><span class=\"ls86 wsf1\">1<span class=\"_ _1\"></span>4<span class=\"_ _1\"></span>.9<span class=\"_ _254\"> </span><span class=\"ls6f ws75\">44.5<span class=\"_ _94\"> </span><span class=\"ls9f wsbc\">1,<span class=\"_ _1\"></span>241.<span class=\"_ _8\"></span>9<span class=\"_ _20e\"> </span><span class=\"ls14 ws11\">14 </span></span></span></span></span></span>7<span class=\"_ _6\"></span>0% \u2013 80%<span class=\"_ _30b\"> </span><span class=\"lsc8 wsc8\">4<span class=\"_ _2\"></span>,<span class=\"_ _0\"></span>8<span class=\"_ _0\"></span>2<span class=\"_ _0\"></span>7.<span class=\"_ _0\"></span>7<span class=\"_ _76\"> </span><span class=\"ls88 wse3\">1<span class=\"_ _1\"></span>,<span class=\"_ _1\"></span>23<span class=\"_ _1\"></span>4.<span class=\"_ _1\"></span>5<span class=\"_ _ce\"> </span><span class=\"lsd7 wsd7\">1<span class=\"_ _1\"></span>.4<span class=\"_ _1c2\"> </span></span></span>3<span class=\"_ _0\"></span>7.<span class=\"_ _2\"></span>1<span class=\"_ _76\"> </span><span class=\"ls89 wscc\">6<span class=\"_ _2\"></span>,1<span class=\"_ _1\"></span>0<span class=\"_ _1\"></span>0<span class=\"_ _1\"></span>.<span class=\"_ _1\"></span>7<span class=\"_ _2ec\"> </span><span class=\"ls78 ws109\">67<span class=\"_ _2\"></span> </span></span></span>80% \u2013 90%<span class=\"_ _306\"> </span><span class=\"ls9f wsbc\">56<span class=\"_ _1\"></span>0.5<span class=\"_ _91\"> </span><span class=\"ls86 wsf1\">2<span class=\"_ _1\"></span>6<span class=\"_ _2\"></span>8<span class=\"_ _1\"></span>.9<span class=\"_ _e5\"> </span></span>0.5<span class=\"_ _d0\"> </span><span class=\"ls88 wse3\">1<span class=\"_ _1\"></span>4.5<span class=\"_ _91\"> </span><span class=\"lsd7 wsd7\">8<span class=\"_ _2\"></span>4<span class=\"_ _1\"></span>4<span class=\"_ _1\"></span>.4<span class=\"_ _35\"> </span></span></span></span><span class=\"ls2\">9 </span>90% \u2013 100%<span class=\"_ _df\"> </span><span class=\"lsed wsf2\">0<span class=\"_ _1\"></span>.1<span class=\"_ _ce\"> </span><span class=\"lsd7 wsd7\">1<span class=\"_ _2\"></span>.4<span class=\"_ _d9\"> </span></span></span><span class=\"ls2\">\u2013<span class=\"_ _1cc\"> </span>\u2013<span class=\"_ _52\"> </span><span class=\"ls9f wsbc\">1.<span class=\"_ _1\"></span>5<span class=\"_ _1cc\"> </span></span>\u2013<span class=\"_ _383\"> </span></span>T<span class=\"_ _8\"></span>otal loans before provisions<span class=\"_ _30c\"> </span><span class=\"ff1 ls86 wsf1\">6<span class=\"_ _1\"></span>,4<span class=\"_ _2\"></span>0<span class=\"_ _2\"></span>0<span class=\"_ _1\"></span>.9<span class=\"_ _69\"> </span><span class=\"ls2 ws2\">2,4<span class=\"_ _6\"></span>92.7<span class=\"_ _96\"> </span><span class=\"ls7a wsa1\">56.3<span class=\"_ _e8\"> </span><span class=\"ls86 wsf1\">1<span class=\"_ _1\"></span>5<span class=\"_ _2\"></span>6<span class=\"_ _1\"></span>.9<span class=\"_ _73\"> </span><span class=\"lsf8 wsfd\">9,1<span class=\"_ _2\"></span>0<span class=\"_ _2\"></span>6<span class=\"_ _2\"></span>.<span class=\"_ _2\"></span>8<span class=\"_ _15c\"> </span><span class=\"ls6f ws75\">100<span class=\"_ _383\"> </span></span></span></span></span></span></span>Forbear<span class=\"_ _1\"></span>ance me<span class=\"_ _1\"></span>asure<span class=\"_ _1\"></span>s under<span class=\"_ _1\"></span>taken<span class=\"_ _383\"> </span>The Group has a r<span class=\"_ _6\"></span>ange of options available wher<span class=\"_ _6\"></span>e borrow<span class=\"_ _8\"></span><span class=\"_ _383\">ers experience \ufb01nancial difficulties that impact their ability to service their \ufb01nancial</span><span class=\"_ _1\"></span> commitments under the loan agreemen<span class=\"_ _6\"></span>t. These options are explaine<span class=\"_ _6\"></span>d in the Risk revie<span class=\"_ _8\"></span>w on pages 52-75<span class=\"_ _8\"></span>.<span class=\"_ _1\"></span> A summary of the forbear<span class=\"_ _6\"></span>ance measures undertak<span class=\"_ _8\"></span>en (excluding CO<span class=\"_ _8\"></span>VID-19 related paymen<span class=\"_ _6\"></span>t deferr<span class=\"_ _6\"></span>als) during the year is shown belo<span class=\"_ _6\"></span>w<span class=\"_ _8\"></span>. The<span class=\"_ _1\"></span> balances disclosed re\ufb02ect the year end balance of the account<span class=\"_ _6\"></span>s where a forbear<span class=\"_ _6\"></span>ance measure w<span class=\"_ _6\"></span>as undertaken during the ye<span class=\"_ _6\"></span>ar<span class=\"_ _8\"></span>.<span class=\"_ _383\"> </span>Forbearance type Number of accounts<span class=\"_ _383\"> </span>2022<span class=\"_ _383\"> </span>At 3<span class=\"_ _1\"></span>1 Dec<span class=\"_ _1\"></span>ember 2022<span class=\"_ _383\"> </span>\u00a3m<span class=\"_ _383\"> </span>Number of accounts<span class=\"_ _383\"> </span>2021<span class=\"_ _383\"> </span>At 31 December 2021<span class=\"_ _383\"> </span>\u00a3m<span class=\"_ _383\"> </span>Inter<span class=\"_ _6\"></span>est-only swit<span class=\"_ _6\"></span>ch<span class=\"_ _30d\"> </span><span class=\"ff2 lse5 wsea\">70 <span class=\"_ _5c\"> </span><span class=\"ls7e ws16\">12<span class=\"_ _1\"></span>.<span class=\"_ _1\"></span>2 <span class=\"_ _37\"> </span></span></span><span class=\"ls9f wsbc\">159<span class=\"_ _d0\"> </span><span class=\"ls14 ws11\">18.6<span class=\"_ _383\"> </span></span></span>Inter<span class=\"_ _6\"></span>est rat<span class=\"_ _6\"></span>e reduction<span class=\"_ _2b6\"> </span><span class=\"ff2 ls2\">9<span class=\"_ _1\"></span>1 <span class=\"_ _b2\"> </span><span class=\"lsc4 wsc3\">7.<span class=\"_ _2\"></span>5<span class=\"_ _0\"> </span> <span class=\"_ _4f\"> </span></span></span><span class=\"ls12 wsf\">4<span class=\"_ _1\"></span>37<span class=\"_ _ce\"> </span><span class=\"lsed wsf2\">8<span class=\"_ _1\"></span>.1<span class=\"_ _383\"> </span></span></span>T<span class=\"_ _8\"></span>erm extension<span class=\"_ _30e\"> </span><span class=\"ff2 ls2\">53 <span class=\"_ _37\"> </span><span class=\"lsc5 wsc4\">2<span class=\"_ _2\"></span>.9<span class=\"_ _1\"></span> <span class=\"_ _1b4\"> </span></span></span><span class=\"lscd wsce\">271<span class=\"_ _d0\"> </span><span class=\"ls7a wsa1\">16.6<span class=\"_ _383\"> </span></span></span>Payment def<span class=\"_ _6\"></span>erral<span class=\"_ _30f\"> </span><span class=\"ff2 ws6e\">194 <span class=\"_ _50\"> </span><span class=\"ls7e ws11\"> 34.0<span class=\"_ _57\"> </span></span></span><span class=\"ls6f ws75\">499<span class=\"_ _96\"> </span></span><span class=\"ws6e\">43<span class=\"_ _1\"></span>.0<span class=\"_ _383\"> </span></span>V<span class=\"_ _6\"></span>oluntary-assis<span class=\"_ _6\"></span>ted sale<span class=\"_ _310\"> </span><span class=\"ff2 ls2\">5 <span class=\"_ _b2\"> </span><span class=\"ls14 ws11\">1.<span class=\"_ _1\"></span>2 <span class=\"_ _b\"> </span></span><span class=\"ff1\">7<span class=\"_ _53\"> </span><span class=\"ls9f wsbc\">0.8<span class=\"_ _383\"> </span></span></span></span>Payment concession (reduced monthly paymen<span class=\"_ _6\"></span>ts)<span class=\"_ _166\"> </span><span class=\"ff2 ls2\">55 <span class=\"_ _5c\"> </span><span class=\"ls7e ws16\">12<span class=\"_ _1\"></span>.0 <span class=\"_ _ce\"> </span></span></span><span class=\"lsc7 ws7f\">51<span class=\"_ _1c2\"> </span><span class=\"lsed wsf2\">1<span class=\"_ _1\"></span>2<span class=\"_ _2\"></span>.1<span class=\"_ _383\"> </span></span></span>Capitalisation of int<span class=\"_ _6\"></span>erest<span class=\"_ _311\"> </span><span class=\"ff2 lse3 ws91\"> 27<span class=\"_ _53\"> </span><span class=\"lsc6 wsc5\">9.<span class=\"_ _1\"></span>0<span class=\"_ _2\"></span> <span class=\"_ _e5\"> </span></span></span><span class=\"ls14 ws11\">65<span class=\"_ _2ec\"> </span><span class=\"lsed wsf2\">1<span class=\"_ _2\"></span>.1<span class=\"_ _383\"> </span></span></span>Full or partial debt forgiv<span class=\"_ _6\"></span>eness<span class=\"_ _217\"> </span><span class=\"ff2 lscd wsce\">359 <span class=\"_ _1b4\"> </span><span class=\"lsc6 wsc5\">9.<span class=\"_ _2\"></span>6<span class=\"_ _1\"></span> <span class=\"_ _5a\"> </span></span></span><span class=\"ls9f wsbc\">1,078<span class=\"_ _55\"> </span><span class=\"lse3 wse7\">22.6<span class=\"_ _383\"> </span></span></span>To<span class=\"_ _1\"></span>t<span class=\"_ _2\"></span>a<span class=\"_ _2\"></span>l<span class=\"_ _312\"> </span><span class=\"ls1f ws1c\">854<span class=\"_ _59\"> </span>88.4<span class=\"_ _91\"> </span><span class=\"ff1 ls78 ws109\">2<span class=\"_ _1\"></span>,<span class=\"_ _1\"></span>5<span class=\"_ _2\"></span>67<span class=\"_ _e8\"> </span><span class=\"ls86 wsf1\">1<span class=\"_ _2\"></span>2<span class=\"_ _1\"></span>2<span class=\"_ _1\"></span>.9<span class=\"_ _383\"> </span></span></span></span>Loan type<span class=\"_ _313\"> </span><span class=\"fs7 ls2\"> <span class=\"_ _11a\"> </span> <span class=\"_ _21a\"> </span><span class=\"ff1\"> <span class=\"_ _11a\"> </span> </span></span>First char<span class=\"_ _8\"></span>ge owner-occupier<span class=\"_ _314\"> </span><span class=\"ff2 ls12 wsf\">217 <span class=\"_ _5c\"> </span><span class=\"lsc4 wsc3\">2<span class=\"_ _2\"></span>7.<span class=\"_ _0\"> </span>8<span class=\"_ _0\"> </span> <span class=\"_ _254\"> </span></span></span><span class=\"ls7c wsd0\">42<span class=\"_ _1\"></span>4<span class=\"_ _55\"> </span><span class=\"ls88 wse3\">34.<span class=\"_ _1\"></span>8<span class=\"_ _383\"> </span></span></span>Second charge owner<span class=\"_ _6\"></span>-occupier1<span class=\"_ _383\"> </span>460 <span class=\"_ _37\"> </span><span class=\"lsc5 wsc4\">8<span class=\"_ _2\"></span>.9<span class=\"_ _1\"></span> <span class=\"_ _3b\"> </span><span class=\"ff1\">1,9<span class=\"_ _1\"></span>3<span class=\"_ _2\"></span>1<span class=\"_ _254\"> </span><span class=\"lse3 wse7\">3<span class=\"_ _1\"></span>8.7<span class=\"_ _383\"> </span></span></span></span>Buy-to-Le<span class=\"_ _6\"></span>t<span class=\"_ _22f\"> </span><span class=\"ff2 lsc9 wsc9\">107 <span class=\"_ _96\"> </span><span class=\"lsc4 wsc3\">3<span class=\"_ _0\"></span>7.<span class=\"_ _1\"></span>1<span class=\"_ _0\"></span> <span class=\"_ _d0\"> </span></span></span><span class=\"lscc wscd\">160<span class=\"_ _254\"> </span><span class=\"ls88 wse3\">34.<span class=\"_ _1\"></span>6<span class=\"_ _383\"> </span></span></span>Commercial<span class=\"_ _315\"> </span><span class=\"ff2 lse5 wsea\">70 <span class=\"_ _18d\"> </span><span class=\"ls11 ws55\"> 1<span class=\"_ _1\"></span>4.6<span class=\"_ _23f\"> </span></span></span><span class=\"ls7e ws16\">52<span class=\"_ _d0\"> </span><span class=\"ls88 wse3\">14.<span class=\"_ _1\"></span>8<span class=\"_ _383\"> </span></span></span>To<span class=\"_ _1\"></span>t<span class=\"_ _2\"></span>a<span class=\"_ _2\"></span>l<span class=\"_ _312\"> </span><span class=\"ls1f ws1c\">854<span class=\"_ _59\"> </span>88.4<span class=\"_ _91\"> </span><span class=\"ff1 ls78 ws109\">2<span class=\"_ _1\"></span>,<span class=\"_ _1\"></span>5<span class=\"_ _2\"></span>67<span class=\"_ _e8\"> </span><span class=\"ls86 wsf1\">1<span class=\"_ _2\"></span>2<span class=\"_ _1\"></span>2<span class=\"_ _1\"></span>.9<span class=\"_ _383\"> </span></span></span></span>1. <span class=\"_ _41\"> </span> <span class=\"_ _23\"></span>T<span class=\"_ _1\"></span>hr<span class=\"_ _1\"></span>ou<span class=\"_ _1\"></span>gh 202<span class=\"_ _1\"></span>1 an<span class=\"_ _1\"></span>d th<span class=\"_ _1\"></span>e \ufb01rs<span class=\"_ _1\"></span>t qu<span class=\"_ _1\"></span>ar<span class=\"_ _1\"></span>te<span class=\"_ _1\"></span>r of 20<span class=\"_ _1\"></span>22, th<span class=\"_ _1\"></span>e G<span class=\"_ _1\"></span>rou<span class=\"_ _1\"></span>p un<span class=\"_ _1\"></span>de<span class=\"_ _1\"></span>r<span class=\"_ _1\"></span>too<span class=\"_ _1\"></span>k an ex<span class=\"_ _1\"></span>erc<span class=\"_ _1\"></span>is<span class=\"_ _1\"></span>e an<span class=\"_ _1\"></span>d pr<span class=\"_ _1\"></span>ovi<span class=\"_ _1\"></span>de<span class=\"_ _1\"></span>d a s<span class=\"_ _1\"></span>er<span class=\"_ _1\"></span>ie<span class=\"_ _1\"></span>s of fo<span class=\"_ _1\"></span>rb<span class=\"_ _1\"></span>ea<span class=\"_ _1\"></span>ran<span class=\"_ _1\"></span>c<span class=\"_ _1\"></span>e so<span class=\"_ _1\"></span>lut<span class=\"_ _1\"></span>ion<span class=\"_ _1\"></span>s an<span class=\"_ _1\"></span>d opt<span class=\"_ _1\"></span>io<span class=\"_ _1\"></span>ns to l<span class=\"_ _1\"></span>on<span class=\"_ _1\"></span>g-te<span class=\"_ _1\"></span>rm ar<span class=\"_ _1\"></span>re<span class=\"_ _1\"></span>ar<span class=\"_ _1\"></span>s customers on<span class=\"_ _6\"></span> the Second charge<span class=\"_ _6\"></span> portfolio to support and<span class=\"_ _6\"></span> remedy the<span class=\"_ _6\"></span> accrued delinquency.<span class=\"_ _383\"> </span>Geo<span class=\"_ _1\"></span>graphic<span class=\"_ _1\"></span>al analysis by re<span class=\"_ _1\"></span>gion<span class=\"_ _383\"> </span>An analysis of loans<span class=\"_ _6\"></span>, excluding asset \ufb01nance leases<span class=\"_ _8\"></span>, by region is provided belo<span class=\"_ _6\"></span>w:<span class=\"_ _383\"> </span>Region<span class=\"_ _383\"> </span>2022<span class=\"_ _2dc\"> </span><span class=\"ff1\">2021<span class=\"_ _383\"> </span></span>OSB<span class=\"_ _383\"> </span>\u00a3m<span class=\"_ _383\"> </span>CCFS<span class=\"_ _383\"> </span>\u00a3m<span class=\"_ _383\"> </span>To<span class=\"_ _1\"></span>t<span class=\"_ _2\"></span>a<span class=\"_ _1\"></span>l<span class=\"_ _383\"> </span>\u00a3m % OSB<span class=\"_ _383\"> </span>\u00a3m<span class=\"_ _383\"> </span>CCFS<span class=\"_ _383\"> </span>\u00a3m<span class=\"_ _383\"> </span>To<span class=\"_ _1\"></span>t<span class=\"_ _2\"></span>a<span class=\"_ _1\"></span>l<span class=\"_ _383\"> </span>\u00a3m<span class=\"_ _3f\"> </span><span class=\"ls2 ws172\"> % </span>East Anglia<span class=\"_ _1fc\"> </span><span class=\"ff2 ls2c ws29\">453.<span class=\"_ _6\"></span>5<span class=\"_ _8e\"> </span><span class=\"ls2 ws2\">1,<span class=\"_ _6\"></span>136.<span class=\"_ _6\"></span>4<span class=\"_ _d2\"> </span><span class=\"lsc6 wsc5\">1<span class=\"_ _1\"></span>,<span class=\"_ _2\"></span>5<span class=\"_ _2\"></span>8<span class=\"_ _1\"></span>9.<span class=\"_ _1\"></span>9<span class=\"_ _35\"> </span></span>7 <span class=\"_ _a9\"> </span><span class=\"ff1 lsa wse4\">3<span class=\"_ _1\"></span>61<span class=\"_ _1\"></span>.<span class=\"_ _1\"></span>8<span class=\"_ _96\"> </span><span class=\"lsc8 wsc8\">9<span class=\"_ _2\"></span>6<span class=\"_ _1\"></span>7.<span class=\"_ _2\"></span>1<span class=\"_ _7f\"> </span><span class=\"ls2c ws29\">1,328.<span class=\"_ _8\"></span>9<span class=\"_ _d9\"> </span><span class=\"ls2 ws2\">6<span class=\"_ _383\"> </span></span></span></span></span></span></span>East Midlands<span class=\"_ _b8\"> </span><span class=\"ff2 lsc6 wsc5\">6<span class=\"_ _1\"></span>0<span class=\"_ _2\"></span>9.9<span class=\"_ _3e\"> </span><span class=\"lscd wsce\">691.<span class=\"_ _1\"></span>6<span class=\"_ _d2\"> </span><span class=\"ls14 ws11\">1,<span class=\"_ _1\"></span>301.5<span class=\"_ _d9\"> </span><span class=\"ls2 ws2\">6 <span class=\"_ _70\"> </span></span></span></span></span><span class=\"ls7a wsa1\">543.8<span class=\"_ _50\"> </span></span><span class=\"ls2\">555.8<span class=\"_ _76\"> </span><span class=\"lsf8 wsfd\">1<span class=\"_ _1\"></span>,<span class=\"_ _2\"></span>0<span class=\"_ _2\"></span>9<span class=\"_ _2\"></span>9.<span class=\"_ _2\"></span>6<span class=\"_ _118\"> </span></span>5<span class=\"_ _383\"> </span></span>Greater L<span class=\"_ _6\"></span>ondon<span class=\"_ _110\"> </span><span class=\"ff2 lsc6 wsc5\">5<span class=\"_ _2\"></span>,<span class=\"_ _1\"></span>5<span class=\"_ _2\"></span>5<span class=\"_ _2\"></span>9.<span class=\"_ _2\"></span>3<span class=\"_ _6c\"> </span><span class=\"ls7a wsa1\">3,293<span class=\"_ _1\"></span>.0<span class=\"_ _a5\"> </span><span class=\"lsf9 ws82\">8,852.3<span class=\"_ _52\"> </span><span class=\"ls2 ws2\">38 <span class=\"_ _9a\"> </span></span></span></span></span><span class=\"lsc5 wsc4\">4<span class=\"_ _1\"></span>,9<span class=\"_ _1\"></span>8<span class=\"_ _2\"></span>3<span class=\"_ _2\"></span>.<span class=\"_ _1\"></span>7<span class=\"_ _6b\"> </span><span class=\"lsc9 wsc9\">3,0<span class=\"_ _1\"></span>52.<span class=\"_ _1\"></span>6<span class=\"_ _6e\"> </span>8<span class=\"_ _1\"></span>,0<span class=\"_ _1\"></span>36.<span class=\"_ _1\"></span>3<span class=\"_ _23f\"> </span></span></span><span class=\"ls2\">39<span class=\"_ _383\"> </span></span>Guernsey<span class=\"_ _137\"> </span><span class=\"ff2 ls6f ws75\">21.5<span class=\"_ _1cc\"> </span><span class=\"ls2 ws2\">\u2013<span class=\"_ _55\"> </span></span>21.5<span class=\"_ _1cc\"> </span><span class=\"ls2 ws2\">\u2013<span class=\"_ _55\"> </span></span></span><span class=\"ls1e ws43\">26.<span class=\"_ _1\"></span>3<span class=\"_ _d9\"> </span><span class=\"ls2 ws2\">\u2013<span class=\"_ _55\"> </span></span>26.3<span class=\"_ _d9\"> </span><span class=\"ls2 ws2\">\u2013<span class=\"_ _383\"> </span></span></span>Jersey<span class=\"_ _316\"> </span><span class=\"ff2 ls7d wse2\">75.6<span class=\"_ _1cc\"> </span><span class=\"ls2 ws2\">\u2013<span class=\"_ _9d\"> </span></span>75.6<span class=\"_ _1cc\"> </span><span class=\"ls2 ws2\">\u2013<span class=\"_ _254\"> </span></span></span><span class=\"lsf8 wsfd\">9<span class=\"_ _0\"></span>9.<span class=\"_ _2\"></span>3<span class=\"_ _35\"> </span><span class=\"ls2 ws2\">\u2013<span class=\"_ _254\"> </span></span>9<span class=\"_ _2\"></span>9.<span class=\"_ _2\"></span>3<span class=\"_ _35\"> </span><span class=\"ls2 ws2\">\u2013<span class=\"_ _383\"> </span></span></span>North East<span class=\"_ _150\"> </span><span class=\"ff2 lsc6 wsc5\">16<span class=\"_ _2\"></span>9.<span class=\"_ _2\"></span>8<span class=\"_ _86\"> </span><span class=\"ls11 ws6e\">2<span class=\"_ _1\"></span>74.5<span class=\"_ _98\"> </span><span class=\"ls14 ws11\">444.3<span class=\"_ _d9\"> </span><span class=\"ls2 ws2\">2 <span class=\"_ _a9\"> </span></span></span></span></span><span class=\"ls86 wsf1\">1<span class=\"_ _1\"></span>5<span class=\"_ _1\"></span>3<span class=\"_ _2\"></span>.9<span class=\"_ _3e\"> </span><span class=\"lsd7 wsd7\">2<span class=\"_ _1\"></span>4<span class=\"_ _2\"></span>4.4<span class=\"_ _3e\"> </span><span class=\"ls6f ws75\">398.3<span class=\"_ _d9\"> </span></span></span></span><span class=\"ls2\">2<span class=\"_ _383\"> </span></span>North W<span class=\"_ _6\"></span>est<span class=\"_ _1fc\"> </span><span class=\"ff2 ls2\">906.6<span class=\"_ _a9\"> </span><span class=\"lscd wsce\">921.8<span class=\"_ _6e\"> </span><span class=\"ls81 wsdf\">1,<span class=\"_ _2\"></span>82<span class=\"_ _1\"></span>8<span class=\"_ _1\"></span>.4<span class=\"_ _35\"> </span></span></span>7 <span class=\"_ _86\"> </span></span><span class=\"lsd5 wsd5\">76<span class=\"_ _1\"></span>2<span class=\"_ _2\"></span>.<span class=\"_ _1\"></span>3<span class=\"_ _3e\"> </span></span><span class=\"ws6e\">755.0<span class=\"_ _70\"> </span><span class=\"lsc8 wsc8\">1<span class=\"_ _0\"></span>,<span class=\"_ _0\"></span>5<span class=\"_ _2\"></span>1<span class=\"_ _2\"></span>7.<span class=\"_ _3\"> </span>3<span class=\"_ _111\"> </span></span></span><span class=\"ls2\">7<span class=\"_ _383\"> </span></span>Northern Ireland<span class=\"_ _1ab\"> </span><span class=\"ff2 ls7e ws16\">10.0<span class=\"_ _1cc\"> </span><span class=\"ls2 ws2\">\u2013<span class=\"_ _96\"> </span></span>10.0<span class=\"_ _1cc\"> </span><span class=\"ls2 ws2\">\u2013<span class=\"_ _37\"> </span></span></span><span class=\"ls86 wsf1\">1<span class=\"_ _1\"></span>0<span class=\"_ _1\"></span>.9<span class=\"_ _d9\"> </span></span><span class=\"ls2\">\u2013<span class=\"_ _37\"> </span><span class=\"ls86 wsf1\">1<span class=\"_ _1\"></span>0<span class=\"_ _1\"></span>.9<span class=\"_ _d9\"> </span></span>\u2013<span class=\"_ _383\"> </span></span>Scotland<span class=\"_ _82\"> </span><span class=\"ff2 ls2 ws2\">36.9<span class=\"_ _a9\"> </span><span class=\"ls33 ws30\">2<span class=\"_ _1\"></span>61.<span class=\"_ _1\"></span>3<span class=\"_ _98\"> </span><span class=\"lscd wsce\">298.<span class=\"_ _1\"></span>2<span class=\"_ _111\"> </span></span></span>1 <span class=\"_ _e8\"> </span></span><span class=\"ls7a wsa1\">35.<span class=\"_ _1\"></span>2<span class=\"_ _a9\"> </span><span class=\"ls1e ws43\">226<span class=\"_ _1\"></span>.0<span class=\"_ _3b\"> </span><span class=\"lsa wse4\">2<span class=\"_ _1\"></span>61<span class=\"_ _1\"></span>.<span class=\"_ _1\"></span>2<span class=\"_ _103\"> </span><span class=\"ls2 ws2\">1<span class=\"_ _383\"> </span></span></span></span></span>South East<span class=\"_ _1a8\"> </span><span class=\"ff2 ls14 ws11\">2,8<span class=\"_ _1\"></span>02.<span class=\"_ _1\"></span>8<span class=\"_ _40\"> </span>1,681.<span class=\"_ _1\"></span>5<span class=\"_ _6c\"> </span><span class=\"ls22 ws1f\">4,4<span class=\"_ _1\"></span>8<span class=\"_ _1\"></span>4.<span class=\"_ _2\"></span>3<span class=\"_ _2ec\"> </span><span class=\"ls11 ws6e\">19 <span class=\"_ _9a\"> </span></span></span></span><span class=\"ls2\">2,792.6<span class=\"_ _76\"> </span><span class=\"lsd7 wsd7\">1<span class=\"_ _1\"></span>,4<span class=\"_ _1\"></span>5<span class=\"_ _1\"></span>2<span class=\"_ _1\"></span>.4<span class=\"_ _6b\"> </span><span class=\"ls88 wse3\">4,<span class=\"_ _1\"></span>2<span class=\"_ _1\"></span>45<span class=\"_ _1\"></span>.0<span class=\"_ _23f\"> </span><span class=\"ls14 ws11\">20<span class=\"_ _383\"> </span></span></span></span></span>South W<span class=\"_ _8\"></span>est<span class=\"_ _1fc\"> </span><span class=\"ff2 lscd wsce\">893.7<span class=\"_ _50\"> </span><span class=\"lsc6 wsc5\">6<span class=\"_ _1\"></span>5<span class=\"_ _1\"></span>9.<span class=\"_ _2\"></span>6<span class=\"_ _121\"> </span><span class=\"ls2c ws29\">1,553.3<span class=\"_ _d9\"> </span><span class=\"ls2 ws2\">7 <span class=\"_ _70\"> </span></span></span></span></span><span class=\"ls14 ws11\">825.5<span class=\"_ _5a\"> </span><span class=\"ls88 wse3\">5<span class=\"_ _1\"></span>44.<span class=\"_ _1\"></span>3<span class=\"_ _76\"> </span><span class=\"lsf8 wsfd\">1<span class=\"_ _2\"></span>,<span class=\"_ _2\"></span>3<span class=\"_ _2\"></span>6<span class=\"_ _2\"></span>9.<span class=\"_ _2\"></span>8<span class=\"_ _169\"> </span></span></span></span><span class=\"ls2\">7<span class=\"_ _383\"> </span></span>W<span class=\"_ _8\"></span>ales<span class=\"_ _317\"> </span><span class=\"ff2 lsc4 wsc3\">2<span class=\"_ _2\"></span>9<span class=\"_ _0\"></span>7.<span class=\"_ _0\"></span>5<span class=\"_ _50\"> </span></span><span class=\"ff2\">28<span class=\"_ _1\"></span>4.7<span class=\"_ _8c\"> </span><span class=\"ls7d wse2\">582.2<span class=\"_ _d9\"> </span><span class=\"ls2 ws2\">2 <span class=\"_ _91\"> </span></span></span></span><span class=\"lsed wsf2\">2<span class=\"_ _1\"></span>72<span class=\"_ _2\"></span>.1<span class=\"_ _a9\"> </span><span class=\"ls9f wsbc\">24<span class=\"_ _1\"></span>0.6<span class=\"_ _5c\"> </span><span class=\"lsc7 ws7f\">512.<span class=\"_ _1\"></span>7<span class=\"_ _d9\"> </span><span class=\"ls2 ws2\">2<span class=\"_ _383\"> </span></span></span></span></span>W<span class=\"_ _8\"></span>est Midlands<span class=\"_ _1ab\"> </span><span class=\"ff2 lsc5 wsc4\">9<span class=\"_ _1\"></span>0<span class=\"_ _2\"></span>8<span class=\"_ _1\"></span>.9<span class=\"_ _3d\"> </span><span class=\"ls9e ws98\">76<span class=\"_ _1\"></span>1<span class=\"_ _2\"></span>.<span class=\"_ _2\"></span>3<span class=\"_ _6b\"> </span><span class=\"lse5 wsea\">1<span class=\"_ _1\"></span>,<span class=\"_ _1\"></span>670<span class=\"_ _1\"></span>.<span class=\"_ _1\"></span>2<span class=\"_ _35\"> </span><span class=\"ls2 ws2\">7 <span class=\"_ _98\"> </span></span></span></span></span><span class=\"ls86 wsf1\">70<span class=\"_ _2\"></span>6<span class=\"_ _1\"></span>.9<span class=\"_ _18d\"> </span><span class=\"lsf8 wsfd\">6<span class=\"_ _2\"></span>2<span class=\"_ _2\"></span>9.<span class=\"_ _2\"></span>8<span class=\"_ _73\"> </span><span class=\"ls9f wsbc\">1,3<span class=\"_ _1\"></span>36.<span class=\"_ _1\"></span>7<span class=\"_ _35\"> </span></span></span></span><span class=\"ls2\">7<span class=\"_ _383\"> </span></span>Y<span class=\"_ _1f6\"></span>orks and Humberside<span class=\"_ _b\"> </span><span class=\"ff2 ls6f ws75\">335.5<span class=\"_ _3b\"> </span><span class=\"lsc4 wsc3\">5<span class=\"_ _2\"></span>1<span class=\"_ _2\"></span>7.<span class=\"_ _0\"></span>7<span class=\"_ _98\"> </span><span class=\"ls2c ws29\">853.<span class=\"_ _1\"></span>2<span class=\"_ _1cc\"> </span><span class=\"ls2 ws2\">4 <span class=\"_ _70\"> </span></span></span></span></span><span class=\"ls7a wsa1\">36<span class=\"_ _1\"></span>6.8<span class=\"_ _50\"> </span><span class=\"lsd3 ws86\">438.8<span class=\"_ _50\"> </span></span>805.6<span class=\"_ _d9\"> </span></span><span class=\"ls2\">4<span class=\"_ _383\"> </span></span>T<span class=\"_ _8\"></span>otal loans before provisions<span class=\"_ _b8\"> </span><span class=\"ls14 ws11\">13,081.5<span class=\"_ _1fe\"> </span><span class=\"ls81 wsdf\">1<span class=\"_ _1\"></span>0,4<span class=\"_ _1\"></span>8<span class=\"_ _1\"></span>3<span class=\"_ _2\"></span>.4<span class=\"_ _a2\"> </span><span class=\"lsc5 wsc4\">2<span class=\"_ _1\"></span>3<span class=\"_ _2\"></span>,<span class=\"_ _1\"></span>5<span class=\"_ _1\"></span>6<span class=\"_ _2\"></span>4<span class=\"_ _1\"></span>.9<span class=\"_ _1b4\"> </span><span class=\"lse3 wse7\">10<span class=\"_ _1\"></span>0 <span class=\"_ _40\"> </span><span class=\"ff1 ls9f wsbc\">11,94<span class=\"_ _6\"></span>1.<span class=\"_ _6\"></span>1<span class=\"_ _76\"> </span><span class=\"lsf8 wsfd\">9,1<span class=\"_ _2\"></span>0<span class=\"_ _2\"></span>6<span class=\"_ _2\"></span>.<span class=\"_ _2\"></span>8<span class=\"_ _6e\"> </span><span class=\"lsc8 wsc8\">2<span class=\"_ _2\"></span>1<span class=\"_ _0\"></span>,<span class=\"_ _0\"></span>0<span class=\"_ _0\"></span>4<span class=\"_ _2\"></span>7.<span class=\"_ _1\"></span>9<span class=\"_ _15c\"> </span><span class=\"ls6f ws75\">10<span class=\"_ _1\"></span>0 </span></span></span></span></span></span></span></span>Appr<span class=\"_ _1\"></span>oa<span class=\"_ _1\"></span>ch to me<span class=\"_ _1\"></span>as<span class=\"_ _1\"></span>urem<span class=\"_ _1\"></span>ent o<span class=\"_ _1\"></span>f cre<span class=\"_ _1\"></span>dit qualit<span class=\"_ _1\"></span>y<span class=\"_ _383\"> </span>The Group categorises the cr<span class=\"_ _6\"></span>edit quality of loans and advances to cus<span class=\"_ _6\"></span>tomers in<span class=\"_ _6\"></span>to internal risk gr<span class=\"_ _6\"></span>ades based on the 12 month PD calculate<span class=\"_ _6\"></span>d at the reporting date. The PDs include a combination of in<span class=\"_ _6\"></span>ternal behavioural and cr<span class=\"_ _6\"></span>edit bureau char<span class=\"_ _6\"></span>acteristics and ar<span class=\"_ _6\"></span>e aligned with Capital models to generate the risk gr<span class=\"_ _6\"></span>ades which are then further grouped in<span class=\"_ _6\"></span>to the following cr<span class=\"_ _6\"></span>edit quality segments:<span class=\"_ _383\"> </span>\u2022 <span class=\"_ _124\"> </span><span class=\"ws2\">Excellent quality \u2013 where there is a v<span class=\"_ _8\"></span>ery high likelihood the asset will be r<span class=\"_ _6\"></span>ecover<span class=\"_ _6\"></span>ed in full with a negligible or very lo<span class=\"_ _6\"></span>w risk of default.<span class=\"_ _383\"> </span></span>\u2022 <span class=\"_ _124\"> </span><span class=\"ws2\">Good quality \u2013 where there is a high lik<span class=\"_ _8\"></span>eliho<span class=\"_ _1\"></span>od the asset will be recov<span class=\"_ _6\"></span>ered in full with a lo<span class=\"_ _6\"></span>w risk of def<span class=\"_ _6\"></span>ault.<span class=\"_ _383\"> </span></span>\u2022 <span class=\"_ _124\"> </span><span class=\"ws2\">Satisfactory quality \u2013 where the assets demons<span class=\"_ _6\"></span>trate a moder<span class=\"_ _8\"></span>ate default risk. </span>\u2022 <span class=\"_ _124\"> </span><span class=\"ws2\">Low<span class=\"_ _6\"></span>er quality \u2013 where the assets r<span class=\"_ _6\"></span>equire closer monitoring and the risk o<span class=\"_ _6\"></span>f default is of gr<span class=\"_ _6\"></span>eater concern.<span class=\"_ _383\"> </span></span>The following t<span class=\"_ _6\"></span>ables disclose the credit risk quality r<span class=\"_ _6\"></span>atings of loans and advances to cus<span class=\"_ _6\"></span>tomers by IFRS 9 s<span class=\"_ _6\"></span>tage. The assessmen<span class=\"_ _6\"></span>t of whether cr<span class=\"_ _6\"></span>edit risk has increased signi\ufb01can<span class=\"_ _6\"></span>tly since initial recognition is performed for each reporting period for the lif<span class=\"_ _6\"></span>e of the loan. Lo<span class=\"_ _6\"></span>ans and advances to customer<span class=\"_ _6\"></span>s initially book<span class=\"_ _6\"></span>ed on very lo<span class=\"_ _6\"></span>w PDs and graded as e<span class=\"_ _6\"></span>xcellent quality loans c<span class=\"_ _6\"></span>an experience a SICR and theref<span class=\"_ _6\"></span>ore be mo<span class=\"_ _6\"></span>ved to St<span class=\"_ _6\"></span>age 2. Such loans may still be gr<span class=\"_ _6\"></span>aded as ex<span class=\"_ _6\"></span>cellent quality, if they meet the ov<span class=\"_ _6\"></span>erall criteria. During 2022, the Group de<span class=\"_ _8\"></span>veloped capital models as part of the IRB progr<span class=\"_ _6\"></span>amme. As a result, the disclosur<span class=\"_ _6\"></span>es pro<span class=\"_ _6\"></span>vided below ar<span class=\"_ _6\"></span>e now aligned to internal capital models and r<span class=\"_ _8\"></span>ating systems. The 2<span class=\"_ _6\"></span>021 \ufb01gures wer<span class=\"_ _6\"></span>e updated to r<span class=\"_ _6\"></span>e\ufb02ect the re<span class=\"_ _6\"></span>vised alignment with capital models which, compar<span class=\"_ _6\"></span>ed to 2021 Annual r<span class=\"_ _6\"></span>eport disclosures, result<span class=\"_ _6\"></span>ed in a reduction of 11% fr<span class=\"_ _6\"></span>om OSB segmen<span class=\"_ _6\"></span>t\u2019<span class=\"_ _1f6\"></span>s Excellent quality, a 6% increase in Good, a 3% increase in Satisfactory and a 2% incr<span class=\"_ _6\"></span>ease in Lo<span class=\"_ _6\"></span>wer<span class=\"_ _1f6\"></span>. CCFS segment \ufb01gures r<span class=\"_ _6\"></span>emain largely aligned with minor mo<span class=\"_ _6\"></span>vemen<span class=\"_ _6\"></span>ts across segmen<span class=\"_ _6\"></span>ts.<span class=\"_ _383\"> </span>2022<span class=\"_ _383\"> </span>Stage 1<span class=\"_ _383\"> </span>\u00a3m<span class=\"_ _383\"> </span>Stage 2<span class=\"_ _383\"> </span>\u00a3m<span class=\"_ _383\"> </span>Stage 3<span class=\"_ _383\"> </span>\u00a3m<span class=\"_ _383\"> </span>Stage 3<span class=\"_ _383\"> </span>(POCI)<span class=\"_ _383\"> </span>\u00a3m<span class=\"_ _383\"> </span>To<span class=\"_ _1\"></span>t<span class=\"_ _2\"></span>a<span class=\"_ _1\"></span>l<span class=\"_ _383\"> </span>\u00a3m<span class=\"_ _383\"> </span>PD low<span class=\"_ _6\"></span>er range<span class=\"_ _383\"> </span>%<span class=\"_ _383\"> </span>PD upper range<span class=\"_ _383\"> </span>%<span class=\"_ _383\"> </span>OSB<span class=\"_ _15b\"> </span><span class=\"ls2 ws2\"> <span class=\"_ _21a\"> </span> <span class=\"_ _11a\"> </span> <span class=\"_ _11a\"> </span> <span class=\"_ _11a\"> </span> <span class=\"_ _11a\"> </span> <span class=\"_ _11a\"> </span> </span>Excellent<span class=\"_ _1c0\"> </span><span class=\"ff2 ls2 ws2\">4,<span class=\"_ _6\"></span>136.6 <span class=\"_ _122\"> </span><span class=\"lsca wsca\">470<span class=\"_ _1\"></span>.<span class=\"_ _1\"></span>6<span class=\"_ _1\"></span> <span class=\"_ _3f\"> </span></span>\u2013 <span class=\"_ _20e\"> </span>\u2013 <span class=\"_ _1a\"> </span>4,60<span class=\"_ _6\"></span>7<span class=\"_ _1f6\"></span>.2 <span class=\"_ _3f\"> </span>\u2013 <span class=\"_ _61\"> </span><span class=\"ls11 ws6e\">0.<span class=\"_ _1\"></span>3 </span></span>Good<span class=\"_ _1be\"> </span><span class=\"ff2 ls6f ws75\">5,848.5 <span class=\"_ _1a\"> </span><span class=\"ls81 wsdf\">1<span class=\"_ _1\"></span>,<span class=\"_ _2\"></span>24<span class=\"_ _1\"></span>8<span class=\"_ _1\"></span>.4<span class=\"_ _1\"></span> <span class=\"_ _3f\"> </span><span class=\"ls2 ws2\">\u2013 <span class=\"_ _20e\"> </span>\u2013 <span class=\"_ _89\"> </span>7<span class=\"_ _1f6\"></span>,096.<span class=\"_ _8\"></span>9 <span class=\"_ _d0\"> </span><span class=\"ls11 ws6e\">0.3<span class=\"_ _1\"></span> <span class=\"_ _61\"> </span><span class=\"ls7e ws16\">2.0<span class=\"_ _1\"></span> </span></span></span></span></span>Satisfactory<span class=\"_ _318\"> </span><span class=\"ff2 ls14 ws11\">331.8 <span class=\"_ _122\"> </span></span><span class=\"ff2\">374.<span class=\"_ _1\"></span>2<span class=\"_ _1\"></span> <span class=\"_ _20e\"> </span><span class=\"ls2 ws2\">\u2013 <span class=\"_ _3f\"> </span>\u2013 <span class=\"_ _94\"> </span>706.0 <span class=\"_ _9c\"> </span><span class=\"ls7e ws16\">2.0<span class=\"_ _1\"></span> <span class=\"_ _63\"> </span><span class=\"lsc4 wsc3\">7.<span class=\"_ _1\"></span>4<span class=\"_ _0\"> </span> </span></span></span></span>Lower<span class=\"_ _2a1\"> </span><span class=\"ff2 lsc6 wsc5\">2<span class=\"_ _1\"></span>9.9<span class=\"_ _2\"></span> <span class=\"_ _8c\"> </span><span class=\"ls2 ws2\">416.5 <span class=\"_ _20e\"> </span>\u2013 <span class=\"_ _3f\"> </span>\u2013 <span class=\"_ _7d\"> </span>446.4 <span class=\"_ _b2\"> </span><span class=\"lsc4 wsc3\">7.<span class=\"_ _2\"></span>4<span class=\"_ _0\"></span> <span class=\"_ _74\"> </span><span class=\"ls7e ws16\">10<span class=\"_ _1\"></span>0.0 </span></span></span></span>Impaired<span class=\"_ _2a1\"> </span><span class=\"ff2 ls2 ws2\">\u2013 <span class=\"_ _3f\"> </span>\u2013 <span class=\"_ _74\"> </span><span class=\"lsc6 wsc5\">3<span class=\"_ _2\"></span>4<span class=\"_ _2\"></span>9.<span class=\"_ _1\"></span>7<span class=\"_ _2\"></span> <span class=\"_ _3f\"> </span></span>\u2013 <span class=\"_ _74\"> </span><span class=\"lsc6 wsc5\">3<span class=\"_ _2\"></span>4<span class=\"_ _2\"></span>9.<span class=\"_ _2\"></span>7<span class=\"_ _2\"></span> <span class=\"_ _122\"> </span><span class=\"ls7e ws16\">1<span class=\"_ _1\"></span>00.0<span class=\"_ _1\"></span> <span class=\"_ _74\"> </span>10<span class=\"_ _1\"></span>0.0 </span></span></span>POCI<span class=\"_ _319\"> </span><span class=\"ff2 ls2 ws2\">\u2013 <span class=\"_ _20e\"> </span>\u2013 <span class=\"_ _3f\"> </span>\u2013 <span class=\"_ _3d\"> </span><span class=\"ls6f ws75\">38.5 <span class=\"_ _3d\"> </span>38<span class=\"_ _1\"></span>.5 <span class=\"_ _74\"> </span><span class=\"ls7e ws16\">10<span class=\"_ _1\"></span>0.0 <span class=\"_ _74\"> </span>10<span class=\"_ _1\"></span>0.0 </span></span></span>CCFS<span class=\"_ _f8\"> </span><span class=\"ls2 ws2\"> <span class=\"_ _21a\"> </span> <span class=\"_ _11a\"> </span> <span class=\"_ _11a\"> </span> <span class=\"_ _11a\"> </span> <span class=\"_ _11a\"> </span> <span class=\"_ _11a\"> </span> </span>Excellent<span class=\"_ _2c8\"> </span><span class=\"ff2 ls2 ws2\">5,800.<span class=\"_ _1\"></span>2 <span class=\"_ _50\"> </span><span class=\"lsc3 wsc2\">9<span class=\"_ _2\"></span>1<span class=\"_ _1\"></span>0<span class=\"_ _1\"></span>.1<span class=\"_ _1\"></span> <span class=\"_ _3f\"> </span></span>\u2013 <span class=\"_ _20e\"> </span>\u2013 <span class=\"_ _89\"> </span></span><span class=\"ff2\">6,7<span class=\"_ _1\"></span>10.3<span class=\"_ _1\"></span> <span class=\"_ _3f\"> </span><span class=\"ls2 ws2\">\u2013 <span class=\"_ _9c\"> </span></span>0.<span class=\"_ _1\"></span>3 </span>Good<span class=\"_ _1be\"> </span><span class=\"ff2 lsf6 wsfb\">2,39<span class=\"_ _6\"></span>4.2<span class=\"_ _6\"></span> <span class=\"_ _7d\"> </span><span class=\"ls7a wsa1\">668.2 <span class=\"_ _3f\"> </span><span class=\"ls2 ws2\">\u2013 <span class=\"_ _20e\"> </span>\u2013 <span class=\"_ _aa\"> </span>3,062.4 <span class=\"_ _9c\"> </span><span class=\"ls11 ws6e\">0.<span class=\"_ _1\"></span>3 <span class=\"_ _61\"> </span><span class=\"ls7e ws16\">2<span class=\"_ _1\"></span>.0 </span></span></span></span></span>Satisfactory<span class=\"_ _2c8\"> </span><span class=\"ff2 ls81 wsdf\">151<span class=\"_ _1\"></span>.4<span class=\"_ _1\"></span> <span class=\"_ _8c\"> </span><span class=\"ls2c ws29\">143.9 <span class=\"_ _20e\"> </span><span class=\"ls2 ws2\">\u2013 <span class=\"_ _20e\"> </span>\u2013 <span class=\"_ _94\"> </span><span class=\"lscd wsce\">2<span class=\"_ _1\"></span>95.3 <span class=\"_ _61\"> </span><span class=\"ls7e ws16\">2<span class=\"_ _1\"></span>.0 <span class=\"_ _63\"> </span><span class=\"lsc4 wsc3\">7.<span class=\"_ _2\"></span>4<span class=\"_ _0\"></span> </span></span></span></span></span></span>Lower<span class=\"_ _2a1\"> </span><span class=\"ff2 lsc6 wsc5\">2<span class=\"_ _1\"></span>9.<span class=\"_ _1\"></span>7<span class=\"_ _2\"></span> <span class=\"_ _70\"> </span><span class=\"ls14 ws11\">185.<span class=\"_ _1\"></span>2 <span class=\"_ _3f\"> </span><span class=\"ls2 ws2\">\u2013 <span class=\"_ _20e\"> </span>\u2013 <span class=\"_ _8c\"> </span><span class=\"ls6f ws75\">214.9 <span class=\"_ _b2\"> </span><span class=\"lsc4 wsc3\">7.<span class=\"_ _2\"></span>4<span class=\"_ _0\"></span> <span class=\"_ _74\"> </span><span class=\"ls7e ws16\">10<span class=\"_ _1\"></span>0.0 </span></span></span></span></span></span>Impaired<span class=\"_ _2a1\"> </span><span class=\"ff2 ls2 ws2\">\u2013 <span class=\"_ _3f\"> </span>\u2013 <span class=\"_ _83\"> </span>156.0 <span class=\"_ _3f\"> </span>\u2013 <span class=\"_ _83\"> </span>156.0 <span class=\"_ _74\"> </span><span class=\"ls7e ws16\">10<span class=\"_ _1\"></span>0.0 <span class=\"_ _74\"> </span>10<span class=\"_ _1\"></span>0.0 </span></span>POCI<span class=\"_ _319\"> </span><span class=\"ff2 ls2 ws2\">\u2013 <span class=\"_ _20e\"> </span>\u2013 <span class=\"_ _3f\"> </span>\u2013 <span class=\"_ _3d\"> </span></span><span class=\"ff2\">44.5<span class=\"_ _1\"></span> <span class=\"_ _3d\"> </span>44.5<span class=\"_ _1\"></span> <span class=\"_ _74\"> </span><span class=\"ls7e ws16\">10<span class=\"_ _1\"></span>0.0 <span class=\"_ _74\"> </span>10<span class=\"_ _1\"></span>0.0 </span></span> <span class=\"_ _31a\"> </span><span class=\"ff2 ls33 ws30\">18<span class=\"_ _1\"></span>,<span class=\"_ _1\"></span>72<span class=\"_ _1\"></span>2<span class=\"_ _1\"></span>.<span class=\"_ _1\"></span>3<span class=\"_ _1\"></span> <span class=\"_ _40\"> </span><span class=\"lsc4 wsc3\">4<span class=\"_ _0\"></span>,<span class=\"_ _2\"></span>4<span class=\"_ _2\"></span>1<span class=\"_ _2\"></span>7.<span class=\"_ _1\"></span>1<span class=\"_ _0\"> </span> <span class=\"_ _94\"> </span><span class=\"lscd wsce\">50<span class=\"_ _1\"></span>5.7 <span class=\"_ _18d\"> </span><span class=\"ls7e ws16\">8<span class=\"_ _1\"></span>3.0<span class=\"_ _1\"></span> <span class=\"_ _fc\"> </span></span></span></span></span><span class=\"ff2\">23,728.<span class=\"_ _8\"></span>1 <span class=\"_ _18e\"> </span> <span class=\"_ _11a\"> </span> </span>2021<span class=\"_ _383\"> </span>Stage 1<span class=\"_ _383\"> </span>\u00a3m<span class=\"_ _383\"> </span>Stage 2<span class=\"_ _383\"> </span>\u00a3m<span class=\"_ _383\"> </span>Stage 3<span class=\"_ _383\"> </span>\u00a3m<span class=\"_ _383\"> </span>Stage 3<span class=\"_ _383\"> </span>(POCI)<span class=\"_ _383\"> </span>\u00a3m<span class=\"_ _383\"> </span>To<span class=\"_ _1\"></span>t<span class=\"_ _2\"></span>a<span class=\"_ _1\"></span>l<span class=\"_ _383\"> </span>\u00a3m<span class=\"_ _383\"> </span>PD low<span class=\"_ _6\"></span>er <span class=\"ls2\"> </span>range<span class=\"_ _383\"> </span>%<span class=\"_ _383\"> </span>PD upper <span class=\"ls2\"> </span>range<span class=\"_ _383\"> </span>%<span class=\"_ _383\"> </span>OSB<span class=\"_ _383\"> </span>Excellent<span class=\"_ _31b\"> </span><span class=\"lsf8 wsfd\">3<span class=\"_ _2\"></span>,9<span class=\"_ _2\"></span>4<span class=\"_ _2\"></span>9.<span class=\"_ _0\"></span>2<span class=\"_ _2\"></span> <span class=\"_ _5a\"> </span>1<span class=\"_ _2\"></span>5<span class=\"_ _2\"></span>9.<span class=\"_ _2\"></span>6<span class=\"_ _2\"></span> <span class=\"_ _3f\"> </span><span class=\"ls2 ws2\">\u2013 <span class=\"_ _20e\"> </span>\u2013 <span class=\"_ _6e\"> </span><span class=\"ls89 wscc\">4,1<span class=\"_ _1\"></span>0<span class=\"_ _2\"></span>8<span class=\"_ _1\"></span>.<span class=\"_ _1\"></span>8<span class=\"_ _1\"></span> <span class=\"_ _3f\"> </span></span>\u2013 <span class=\"_ _1b4\"> </span><span class=\"ls9f wsbc\">0.3 </span></span></span>Good<span class=\"_ _c4\"> </span><span class=\"ls7a wsa1\">6,045.0 <span class=\"_ _83\"> </span>486.<span class=\"_ _1\"></span>8 <span class=\"_ _3f\"> </span><span class=\"ls2 ws2\">\u2013 <span class=\"_ _20e\"> </span>\u2013 <span class=\"_ _6e\"> </span><span class=\"ls9f wsbc\">6,53<span class=\"_ _1\"></span>1.8 <span class=\"_ _1b4\"> </span>0.<span class=\"_ _1\"></span>3 <span class=\"_ _1b4\"> </span></span>2.0 </span></span>Satisfactory<span class=\"_ _23a\"> </span><span class=\"ls86 wsf1\">4<span class=\"_ _1\"></span>3<span class=\"_ _2\"></span>5<span class=\"_ _1\"></span>.9<span class=\"_ _2\"></span> <span class=\"_ _86\"> </span><span class=\"lsc8 wsc8\">2<span class=\"_ _0\"></span>3<span class=\"_ _0\"></span>7.<span class=\"_ _0\"></span>2<span class=\"_ _0\"></span> <span class=\"_ _3f\"> </span><span class=\"ls2 ws2\">\u2013 <span class=\"_ _3f\"> </span>\u2013 <span class=\"_ _91\"> </span><span class=\"lsed wsf2\">67<span class=\"_ _1\"></span>3<span class=\"_ _2\"></span>.1<span class=\"_ _1\"></span> <span class=\"_ _1b4\"> </span></span>2.0 <span class=\"_ _15c\"> </span></span>7.<span class=\"_ _2\"></span>4<span class=\"_ _0\"></span> </span></span>Lower<span class=\"_ _bd\"> </span><span class=\"ls2 ws2\">72.6 <span class=\"_ _83\"> </span><span class=\"ls1e ws43\">26<span class=\"_ _1\"></span>0.<span class=\"_ _1\"></span>2 <span class=\"_ _3f\"> </span></span>\u2013 <span class=\"_ _3f\"> </span>\u2013 <span class=\"_ _70\"> </span>332.8 <span class=\"_ _15c\"> </span><span class=\"lsc8 wsc8\">7.<span class=\"_ _2\"></span>4<span class=\"_ _0\"></span> <span class=\"_ _98\"> </span><span class=\"ls11 ws6e\">100.0<span class=\"_ _1\"></span> </span></span></span>Impaired<span class=\"_ _2a1\"> </span><span class=\"ls2 ws2\">\u2013 <span class=\"_ _3f\"> </span>\u2013 <span class=\"_ _70\"> </span><span class=\"ls7a wsa1\">365.6 <span class=\"_ _3f\"> </span></span>\u2013 <span class=\"_ _70\"> </span><span class=\"ls7a wsa1\">365.6 <span class=\"_ _98\"> </span></span></span>100.0 <span class=\"_ _98\"> </span>10<span class=\"_ _1\"></span>0.0 POCI<span class=\"_ _319\"> </span><span class=\"ls2 ws2\">\u2013 <span class=\"_ _3f\"> </span>\u2013 <span class=\"_ _3f\"> </span>\u2013 <span class=\"_ _e8\"> </span><span class=\"ls79 wse8\">45.2<span class=\"_ _1\"></span> <span class=\"_ _e8\"> </span>45<span class=\"_ _1\"></span>.2<span class=\"_ _1\"></span> <span class=\"_ _98\"> </span></span></span>100.0 <span class=\"_ _98\"> </span>10<span class=\"_ _1\"></span>0.0 CCFS<span class=\"_ _383\"> </span>Excellent<span class=\"_ _290\"> </span><span class=\"ls7a wsa1\">5,1<span class=\"_ _6\"></span>02.2 <span class=\"_ _70\"> </span><span class=\"ls6f ws75\">443.<span class=\"_ _1\"></span>2 <span class=\"_ _3f\"> </span><span class=\"ls2 ws2\">\u2013 <span class=\"_ _20e\"> </span>\u2013 <span class=\"_ _6c\"> </span></span></span>5,545.<span class=\"_ _6\"></span>4 <span class=\"_ _3f\"> </span><span class=\"ls2 ws2\">\u2013 <span class=\"_ _37\"> </span><span class=\"ls9f wsbc\">0.3<span class=\"_ _1\"></span> </span></span></span>Good<span class=\"_ _ec\"> </span><span class=\"ls2 ws2\">2,<span class=\"_ _6\"></span>468.5 <span class=\"_ _86\"> </span><span class=\"lsc8 wsc8\">4<span class=\"_ _0\"></span>8<span class=\"_ _0\"></span>7.<span class=\"_ _0\"></span>5<span class=\"_ _0\"></span> <span class=\"_ _3f\"> </span></span>\u2013 <span class=\"_ _20e\"> </span>\u2013 <span class=\"_ _6c\"> </span>2,<span class=\"_ _6\"></span>956.0 <span class=\"_ _37\"> </span><span class=\"ls9f wsbc\">0.<span class=\"_ _1\"></span>3 <span class=\"_ _1b4\"> </span></span>2.0 </span>Satisfactory<span class=\"_ _1c0\"> </span><span class=\"ls87 wsc6\">96.2 <span class=\"_ _3b\"> </span><span class=\"ls38 ws35\">17<span class=\"_ _1\"></span>1.<span class=\"_ _1\"></span>5<span class=\"_ _1\"></span> <span class=\"_ _3f\"> </span><span class=\"ls2 ws2\">\u2013 <span class=\"_ _3f\"> </span>\u2013 <span class=\"_ _a9\"> </span><span class=\"lsc8 wsc8\">2<span class=\"_ _2\"></span>6<span class=\"_ _2\"></span>7.<span class=\"_ _0\"></span>7<span class=\"_ _0\"></span> <span class=\"_ _1b4\"> </span></span>2.0 <span class=\"_ _53\"> </span><span class=\"lsc8 wsc8\">7.<span class=\"_ _1\"></span>4<span class=\"_ _0\"></span> </span></span></span></span>Lower<span class=\"_ _31c\"> </span><span class=\"ls14 ws11\">18.8 <span class=\"_ _3d\"> </span><span class=\"lsc8 wsc8\">1<span class=\"_ _2\"></span>6<span class=\"_ _2\"></span>7.<span class=\"_ _0\"></span>6<span class=\"_ _0\"></span> <span class=\"_ _3f\"> </span><span class=\"ls2 ws2\">\u2013 <span class=\"_ _3f\"> </span>\u2013 <span class=\"_ _50\"> </span><span class=\"lsd7 wsd7\">1<span class=\"_ _1\"></span>8<span class=\"_ _1\"></span>6<span class=\"_ _2\"></span>.4<span class=\"_ _1\"></span> <span class=\"_ _53\"> </span></span></span>7.<span class=\"_ _2\"></span>4<span class=\"_ _0\"></span> <span class=\"_ _98\"> </span><span class=\"ls11 ws6e\">100.0 </span></span></span>Impaired<span class=\"_ _2a1\"> </span><span class=\"ls2 ws2\">\u2013 <span class=\"_ _3f\"> </span>\u2013 <span class=\"_ _254\"> </span><span class=\"lsf8 wsfd\">9<span class=\"_ _2\"></span>9.<span class=\"_ _1\"></span>1<span class=\"_ _2\"></span> <span class=\"_ _3f\"> </span></span>\u2013 <span class=\"_ _55\"> </span><span class=\"lsf8 wsfd\">9<span class=\"_ _0\"></span>9.1<span class=\"_ _2\"></span> <span class=\"_ _98\"> </span></span></span>10<span class=\"_ _1\"></span>0.0 <span class=\"_ _98\"> </span>100.0<span class=\"_ _1\"></span> POCI<span class=\"_ _319\"> </span><span class=\"ls2 ws2\">\u2013 <span class=\"_ _3f\"> </span>\u2013 <span class=\"_ _3f\"> </span>\u2013 <span class=\"_ _e8\"> </span>52.2 <span class=\"_ _5c\"> </span>52.2 <span class=\"_ _8c\"> </span></span>1<span class=\"_ _1\"></span>00.0<span class=\"_ _1\"></span> <span class=\"_ _98\"> </span>100.0  <span class=\"_ _31d\"> </span><span class=\"ls14 ws11\">18,188.<span class=\"_ _6\"></span>4 <span class=\"_ _6b\"> </span><span class=\"ls2 ws2\">2,4<span class=\"_ _8\"></span>13.6 <span class=\"_ _98\"> </span><span class=\"ls88 wse3\">464.<span class=\"_ _1\"></span>7 <span class=\"_ _96\"> </span><span class=\"lsc8 wsc8\">9<span class=\"_ _0\"></span>7.<span class=\"_ _2\"></span>4<span class=\"_ _0\"></span> <span class=\"_ _9a\"> </span><span class=\"lsed wsf2\">2<span class=\"_ _2\"></span>1,<span class=\"_ _1\"></span>16<span class=\"_ _2\"></span>4.1<span class=\"_ _1\"></span> <span class=\"_ _b\"> </span></span></span></span> <span class=\"_ _11a\"> </span> </span></span>The tables below sho<span class=\"_ _8\"></span>w the Group\u2019<span class=\"_ _1f6\"></span>s other \ufb01nancial assets and derivatives by cr<span class=\"_ _6\"></span>edit risk rating gr<span class=\"_ _6\"></span>ade. The cr<span class=\"_ _6\"></span>edit grade is based on the e<span class=\"_ _6\"></span>xternal credit r<span class=\"_ _6\"></span>ating of the counterparty; AAA to AA- ar<span class=\"_ _6\"></span>e rated Ex<span class=\"_ _6\"></span>cellent; A+ to A<span class=\"_ _8\"></span>- are rated Good; and BBB+ to BBB- are r<span class=\"_ _8\"></span>ated Satisfactory.<span class=\"_ _383\"> </span>2022<span class=\"_ _383\"> </span>Excellent<span class=\"_ _383\"> </span>\u00a3m<span class=\"_ _383\"> </span>Good<span class=\"_ _383\"> </span>\u00a3m<span class=\"_ _383\"> </span>Satisfactory<span class=\"_ _383\"> </span>\u00a3m<span class=\"_ _383\"> </span>To<span class=\"_ _1\"></span>t<span class=\"_ _2\"></span>a<span class=\"_ _1\"></span>l<span class=\"_ _383\"> </span>\u00a3m<span class=\"_ _383\"> </span>Inv<span class=\"_ _6\"></span>estment securities<span class=\"_ _146\"> </span><span class=\"ff2 lsc5 wsc4\">41<span class=\"_ _1\"></span>2<span class=\"_ _1\"></span>.9<span class=\"_ _2\"></span> <span class=\"_ _3f\"> </span><span class=\"ls2 ws2\">\u2013 <span class=\"_ _20e\"> </span>\u2013 <span class=\"_ _98\"> </span></span>41<span class=\"_ _1\"></span>2<span class=\"_ _1\"></span>.9<span class=\"_ _2\"></span> </span>Loans and adv<span class=\"_ _6\"></span>ances to credit institutions<span class=\"_ _31e\"> </span><span class=\"ff2 lsf6 wsfb\">2,<span class=\"_ _8\"></span>923.2<span class=\"_ _6\"></span> <span class=\"_ _94\"> </span><span class=\"ls81 wsdf\">4<span class=\"_ _1\"></span>3<span class=\"_ _1\"></span>5<span class=\"_ _1\"></span>.4<span class=\"_ _1\"></span> <span class=\"_ _e5\"> </span><span class=\"lsc4 wsc3\">7.<span class=\"_ _1\"></span>1<span class=\"_ _0\"></span> <span class=\"_ _19f\"> </span><span class=\"ls2 ws2\">3,365.7 </span></span></span></span>Derivative asset<span class=\"_ _6\"></span>s<span class=\"_ _31f\"> </span><span class=\"ff2 lsc3 wsc2\">4<span class=\"_ _1\"></span>0<span class=\"_ _2\"></span>0<span class=\"_ _1\"></span>.1<span class=\"_ _1\"></span> <span class=\"_ _7d\"> </span><span class=\"ls1f ws1c\">488.<span class=\"_ _6\"></span>0 <span class=\"_ _20e\"> </span><span class=\"ls2 ws2\">\u2013 <span class=\"_ _8c\"> </span></span>888.<span class=\"_ _8\"></span>1 </span></span> <span class=\"_ _320\"> </span><span class=\"ff2\">3,736.2 <span class=\"_ _94\"> </span><span class=\"ls81 wsdf\">9<span class=\"_ _1\"></span>2<span class=\"_ _1\"></span>3<span class=\"_ _1\"></span>.4<span class=\"_ _1\"></span> <span class=\"_ _e5\"> </span><span class=\"lsc4 wsc3\">7.<span class=\"_ _1\"></span>1<span class=\"_ _0\"> </span> <span class=\"_ _88\"> </span></span></span>4,666.7 </span>2021 Excellent<span class=\"_ _383\"> </span>\u00a3m<span class=\"_ _383\"> </span>Good<span class=\"_ _383\"> </span>\u00a3m<span class=\"_ _383\"> </span>Satisfactory<span class=\"_ _383\"> </span>\u00a3m<span class=\"_ _383\"> </span>To<span class=\"_ _1\"></span>t<span class=\"_ _2\"></span>a<span class=\"_ _1\"></span>l<span class=\"_ _383\"> </span>\u00a3m<span class=\"_ _383\"> </span>Inv<span class=\"_ _6\"></span>estment securities<span class=\"_ _321\"> </span><span class=\"lsd7 wsd7\">4<span class=\"_ _1\"></span>9<span class=\"_ _2\"></span>1<span class=\"_ _1\"></span>.4<span class=\"_ _1\"></span> <span class=\"_ _3f\"> </span></span><span class=\"ls2\">\u2013 <span class=\"_ _3f\"> </span>\u2013 <span class=\"_ _50\"> </span><span class=\"lsd7 wsd7\">4<span class=\"_ _1\"></span>9<span class=\"_ _2\"></span>1<span class=\"_ _1\"></span>.4<span class=\"_ _2\"></span> </span></span>Loans and adv<span class=\"_ _6\"></span>ances to credit institutions<span class=\"_ _c3\"> </span><span class=\"ls2\">2,688.<span class=\"_ _8\"></span>9 <span class=\"_ _3d\"> </span><span class=\"ls9f wsbc\">151.8 <span class=\"_ _63\"> </span></span>2.<span class=\"_ _8\"></span>9 <span class=\"_ _89\"> </span>2,843.6 </span>Derivative asset<span class=\"_ _6\"></span>s<span class=\"_ _322\"> </span><span class=\"ws6e\">43<span class=\"_ _1\"></span>.0 <span class=\"_ _5a\"> </span></span><span class=\"ls2\">142.7 <span class=\"_ _20e\"> </span>\u2013 <span class=\"_ _a9\"> </span><span class=\"ls14 ws11\">185<span class=\"_ _1\"></span>.7 </span></span> <span class=\"_ _1e6\"> </span><span class=\"ls54 ws55\">3,223.3 <span class=\"_ _8c\"> </span><span class=\"ls88 wse3\">2<span class=\"_ _1\"></span>94.<span class=\"_ _1\"></span>5 <span class=\"_ _63\"> </span></span></span>2.<span class=\"_ _6\"></span>9 <span class=\"_ _6c\"> </span><span class=\"lse3 wse7\">3,520.7<span class=\"_ _383\"> </span></span>Cre<span class=\"_ _1\"></span>dit risk \u2013 l<span class=\"_ _1\"></span>oans a<span class=\"_ _1\"></span>nd ad<span class=\"_ _1\"></span>vance<span class=\"_ _1\"></span>s to cr<span class=\"_ _1\"></span>edit in<span class=\"_ _1\"></span>stitut<span class=\"_ _1\"></span>ions a<span class=\"_ _1\"></span>nd invest<span class=\"_ _1\"></span>me<span class=\"_ _1\"></span>nt se<span class=\"_ _1\"></span>curitie<span class=\"_ _1\"></span>s<span class=\"_ _383\"> </span>The Group holds treasury ins<span class=\"_ _6\"></span>truments in or<span class=\"_ _6\"></span>der to meet liquidity requir<span class=\"_ _6\"></span>ements and f<span class=\"_ _6\"></span>or general business purposes<span class=\"_ _6\"></span>. The credit risk arising from these inv<span class=\"_ _6\"></span>estment<span class=\"_ _6\"></span>s is closely monitored and managed by the Gr<span class=\"_ _6\"></span>oup<span class=\"_ _6\"></span>\u2019<span class=\"_ _8\"></span>s T<span class=\"_ _8\"></span>reasury function. In managing these assets, Gr<span class=\"_ _6\"></span>oup T<span class=\"_ _8\"></span>reasury operat<span class=\"_ _6\"></span>es within guidelines laid down in the Gr<span class=\"_ _6\"></span>oup Mark<span class=\"_ _6\"></span>et and Liquidity Risk Policy appro<span class=\"_ _6\"></span>ved by AL<span class=\"_ _8\"></span>CO and performance is monitored and r<span class=\"_ _6\"></span>eported to AL<span class=\"_ _6\"></span>CO monthly, including through the use o<span class=\"_ _6\"></span>f an internally de<span class=\"_ _6\"></span>veloped r<span class=\"_ _6\"></span>ating model based on counterparty credit def<span class=\"_ _6\"></span>ault sw<span class=\"_ _6\"></span>ap spreads<span class=\"_ _6\"></span>.<span class=\"_ _383\"> </span>The Group has limited e<span class=\"_ _6\"></span>xposure to emer<span class=\"_ _6\"></span>ging mark<span class=\"_ _6\"></span>ets (Indian oper<span class=\"_ _6\"></span>ations) and non-inv<span class=\"_ _6\"></span>estment gr<span class=\"_ _6\"></span>ade debt. AL<span class=\"_ _8\"></span>CO is responsible for appro<span class=\"_ _6\"></span>ving treasury counterparties<span class=\"_ _6\"></span>.<span class=\"_ _383\"> </span>During the year<span class=\"_ _8\"></span>, the average balance o<span class=\"_ _6\"></span>f cash in hand, loans and advances to credit ins<span class=\"_ _6\"></span>titutions and inv<span class=\"_ _6\"></span>estmen<span class=\"_ _6\"></span>t securities on a monthly basis was \u00a33,<span class=\"_ _1f6\"></span>496<span class=\"_ _8\"></span>.<span class=\"_ _8\"></span>9m (2021: \u00a32,<span class=\"_ _9\"></span>926.<span class=\"_ _8\"></span>0m).<span class=\"_ _383\"> </span>The tables below sho<span class=\"_ _8\"></span>w the industry sector of the Group<span class=\"_ _8\"></span>\u2019<span class=\"_ _6\"></span>s loans and advances to cr<span class=\"_ _6\"></span>edit institutions and inv<span class=\"_ _8\"></span>estment securities:<span class=\"_ _383\"> </span>2022<span class=\"_ _a0\"> </span><span class=\"ff1\">2021<span class=\"_ _383\"> </span></span>\u00a3m<span class=\"_ _116\"> </span><span class=\"ls2 ws2\">%<span class=\"_ _5e\"> </span></span><span class=\"ff1\">\u00a3m<span class=\"_ _1cc\"> </span><span class=\"ls2 ws2\">%<span class=\"_ _383\"> </span></span></span>BoE<span class=\"_ _383\"> </span>1<span class=\"_ _383\"> </span>2<span class=\"_ _2\"></span>,<span class=\"_ _2\"></span>8<span class=\"_ _1\"></span>6<span class=\"_ _2\"></span>9.<span class=\"_ _2\"></span>3<span class=\"_ _ed\"> </span><span class=\"ls9e ws98\">76<span class=\"_ _40\"> </span><span class=\"ff1 ls2 ws2\">2,555.<span class=\"_ _6\"></span>9<span class=\"_ _ed\"> </span><span class=\"lsd5 wsd5\">76<span class=\"_ _383\"> </span></span></span></span>Other bank<span class=\"_ _6\"></span>s<span class=\"_ _11d\"> </span><span class=\"ff2 ls81 wsdf\">496<span class=\"_ _1\"></span>.4<span class=\"_ _2ec\"> </span><span class=\"ls14 ws11\">13<span class=\"_ _3b\"> </span></span></span><span class=\"lsc8 wsc8\">2<span class=\"_ _0\"></span>8<span class=\"_ _0\"></span>7.<span class=\"_ _0\"></span>7<span class=\"_ _169\"> </span></span><span class=\"ls2\">9<span class=\"_ _383\"> </span></span>Central go<span class=\"_ _6\"></span>vernmen<span class=\"_ _6\"></span>t<span class=\"_ _323\"> </span><span class=\"ff2 ls6f ws75\">149<span class=\"_ _8\"></span>.8<span class=\"_ _d9\"> </span><span class=\"ls2 ws2\">4<span class=\"_ _3b\"> </span><span class=\"ff1 lsed wsf2\">25<span class=\"_ _1\"></span>2<span class=\"_ _2\"></span>.1<span class=\"_ _35\"> </span></span><span class=\"ff1\">8<span class=\"_ _383\"> </span></span></span></span>Securitisation<span class=\"_ _62\"> </span><span class=\"ff2 lsc3 wsc2\">2<span class=\"_ _1\"></span>6<span class=\"_ _2\"></span>3<span class=\"_ _1\"></span>.1<span class=\"_ _35\"> </span><span class=\"ls2 ws2\">7<span class=\"_ _3e\"> </span></span></span><span class=\"lsf8 wsfd\">2<span class=\"_ _2\"></span>3<span class=\"_ _2\"></span>9.<span class=\"_ _2\"></span>3<span class=\"_ _169\"> </span><span class=\"ls2 ws2\">7<span class=\"_ _383\"> </span></span></span>To<span class=\"_ _1\"></span>t<span class=\"_ _2\"></span>a<span class=\"_ _2\"></span>l<span class=\"_ _324\"> </span><span class=\"lscc wscd\">3,<span class=\"_ _1\"></span>7<span class=\"_ _1\"></span>78.<span class=\"_ _1\"></span>6<span class=\"_ _1b4\"> </span><span class=\"lse3 wse7\">100<span class=\"_ _121\"> </span><span class=\"ff1 ls11 ws6e\">3,<span class=\"_ _1\"></span>33<span class=\"_ _1\"></span>5.0<span class=\"_ _63\"> </span><span class=\"ls6f ws75\">100<span class=\"_ _383\"> </span></span></span></span></span>1. <span class=\"_ _41\"> </span>Ba<span class=\"_ _1\"></span>la<span class=\"_ _1\"></span>nc<span class=\"_ _1\"></span>es w<span class=\"_ _1\"></span>ith t<span class=\"_ _1\"></span>he B<span class=\"_ _1\"></span>oE i<span class=\"_ _1\"></span>nc<span class=\"_ _1\"></span>lu<span class=\"_ _1\"></span>de \u00a362<span class=\"_ _1\"></span>.8m (20<span class=\"_ _1\"></span>21: \u00a359.5m) hel<span class=\"_ _1\"></span>d in th<span class=\"_ _1\"></span>e c<span class=\"_ _1\"></span>as<span class=\"_ _1\"></span>h rati<span class=\"_ _1\"></span>o de<span class=\"_ _1\"></span>p<span class=\"_ _1\"></span>os<span class=\"_ _1\"></span>it.<span class=\"_ _383\"> </span>The tables below sho<span class=\"_ _8\"></span>w the ge<span class=\"_ _1\"></span>ographical e<span class=\"_ _6\"></span>xposure of the Gr<span class=\"_ _6\"></span>oup<span class=\"_ _6\"></span>\u2019<span class=\"_ _8\"></span>s loans and advances to credit ins<span class=\"_ _6\"></span>titutions and inves<span class=\"_ _6\"></span>tment securities:<span class=\"_ _383\"> </span>2022<span class=\"_ _a0\"> </span><span class=\"ff1\">2021<span class=\"_ _383\"> </span></span>\u00a3m<span class=\"_ _116\"> </span><span class=\"ls2 ws2\">%<span class=\"_ _5e\"> </span></span><span class=\"ff1\">\u00a3m<span class=\"_ _1cc\"> </span><span class=\"ls2 ws2\">%<span class=\"_ _383\"> </span></span></span>United Kingdom<span class=\"_ _2cd\"> </span><span class=\"ff2 ls9e ws98\">3<span class=\"_ _2\"></span>,<span class=\"_ _1\"></span>76<span class=\"_ _2\"></span>5<span class=\"_ _1\"></span>.<span class=\"_ _2\"></span>7<span class=\"_ _57\"> </span><span class=\"lse3 wse7\">100<span class=\"_ _121\"> </span></span></span><span class=\"ls2c ws29\">3,328.0<span class=\"_ _b2\"> </span><span class=\"ls6f ws75\">100<span class=\"_ _383\"> </span></span></span>India<span class=\"_ _312\"> </span><span class=\"ff2 lsc5 wsc4\">1<span class=\"_ _1\"></span>2<span class=\"_ _2\"></span>.9<span class=\"_ _d9\"> </span><span class=\"ls2 ws2\">\u2013 <span class=\"_ _1c2\"> </span></span></span><span class=\"lsc8 wsc8\">7.<span class=\"_ _2\"></span>0<span class=\"_ _35\"> </span><span class=\"ls2 ws2\">\u2013 </span></span>To<span class=\"_ _2\"></span>t<span class=\"_ _1\"></span>a<span class=\"_ _2\"></span>l<span class=\"_ _58\"> </span><span class=\"ff2 lscc wscd\">3,<span class=\"_ _1\"></span>7<span class=\"_ _1\"></span>78<span class=\"_ _1\"></span>.6<span class=\"_ _1b4\"> </span><span class=\"lse3 wse7\">100<span class=\"_ _121\"> </span></span></span><span class=\"ls11 ws6e\">3,<span class=\"_ _1\"></span>33<span class=\"_ _1\"></span>5.0<span class=\"_ _63\"> </span><span class=\"ls6f ws75\">100<span class=\"_ _383\"> </span></span></span>The Group monitor<span class=\"_ _6\"></span>s exposure concentr<span class=\"_ _6\"></span>ations against a v<span class=\"_ _6\"></span>ariety of criteria, including asset class<span class=\"_ _6\"></span>, sector and geography. T<span class=\"_ _1f6\"></span>o avoid re\ufb01nancing risk<span class=\"_ _8\"></span>s associated with any one counterparty, sector or geographical r<span class=\"_ _6\"></span>egion, the Board has set appr<span class=\"_ _6\"></span>opriate limits. For further information on credit risk see page 71.<span class=\"_ _383\"> </span>Liquidity risk<span class=\"_ _383\"> </span><span class=\"_ _383\">Liquidity risk is the risk of having insufficient liquid asset</span><span class=\"_ _6\"></span>s to ful\ufb01l obligations as they become due or the cost of raising liquid funds becoming too expensiv<span class=\"_ _6\"></span>e. The Group<span class=\"_ _8\"></span>\u2019<span class=\"_ _6\"></span>s approach to managing liquidity risk is t<span class=\"_ _6\"></span><span class=\"_ _383\">o maintain sufficient liquid r</span><span class=\"_ _6\"></span>esources to cov<span class=\"_ _8\"></span>er cash \ufb02ow imbalances and \ufb02uctuations in funding in order to r<span class=\"_ _6\"></span>etain full public con\ufb01dence in the solvency o<span class=\"_ _6\"></span>f the Group and to enable the Group t<span class=\"_ _6\"></span>o meet its \ufb01nancial obligations as they fall due. This is achie<span class=\"_ _6\"></span>ved thr<span class=\"_ _6\"></span>ough maintaining a prudent le<span class=\"_ _8\"></span>vel of liquid assets and control o<span class=\"_ _6\"></span>f the gro<span class=\"_ _6\"></span>wth of the business. The Gr<span class=\"_ _6\"></span>oup has established c<span class=\"_ _6\"></span>all accounts with the BoE and has access to its contingent liquidity facilities<span class=\"_ _8\"></span>.<span class=\"_ _383\"> </span>The Board has delegated the r<span class=\"_ _6\"></span>esponsibility for liquidity management t<span class=\"_ _6\"></span>o the Chief Executiv<span class=\"_ _6\"></span><span class=\"_ _383\">e Officer</span><span class=\"_ _8\"></span>, assisted by AL<span class=\"_ _8\"></span>CO<span class=\"_ _6\"></span>, with day-to-day management delegated to T<span class=\"_ _1f6\"></span>reasury as detailed in the Gr<span class=\"_ _6\"></span>oup Mark<span class=\"_ _6\"></span>et and Liquidity Risk Policy. The Board is r<span class=\"_ _6\"></span>esponsible for setting risk appetite limits ov<span class=\"_ _6\"></span>er the lev<span class=\"_ _6\"></span>el and maturity pro\ufb01le o<span class=\"_ _6\"></span>f funding and for monitoring the composition of the Gr<span class=\"_ _6\"></span>oup \ufb01nancial position. The tables below analyse the \ufb01nancial assets and liabilities of the Gr<span class=\"_ _6\"></span>oup based on the contractual maturity on the r<span class=\"_ _6\"></span>emaining period at balance sheet date. The Group also monitor<span class=\"_ _6\"></span>s a range of trigger<span class=\"_ _6\"></span>s, de<span class=\"_ _6\"></span>\ufb01ned in the recov<span class=\"_ _6\"></span>ery plan, which are designed to captur<span class=\"_ _6\"></span>e liquidity str<span class=\"_ _6\"></span>esses in advance in order to <span class=\"_ _383\">allow sufficien</span><span class=\"_ _6\"></span>t time for management action to t<span class=\"_ _6\"></span>ak<span class=\"_ _6\"></span><span class=\"_ _383\">e effect. These ar</span><span class=\"_ _6\"></span>e monitored daily by the Risk team, with br<span class=\"_ _6\"></span>eaches immediately reported to <span class=\"_ _383\">the Group Chief Risk Officer</span><span class=\"_ _1f6\"></span><span class=\"_ _383\">, Chief Executive Officer</span><span class=\"_ _8\"></span><span class=\"_ _383\">, Chief Financial Officer and the Group T</span><span class=\"_ _1f6\"></span>reasurer<span class=\"_ _8\"></span>.<span class=\"_ _383\"> </span><span class=\"_ _383\">\u2003</span>The tables below sho<span class=\"_ _8\"></span>w the maturity pro\ufb01le for the Group<span class=\"_ _8\"></span>\u2019<span class=\"_ _6\"></span>s \ufb01nancial assets and liabilities based on contr<span class=\"_ _8\"></span>actual maturities at the repor<span class=\"_ _1\"></span>ting date:<span class=\"_ _383\"> </span>2022<span class=\"_ _383\"> </span>Carrying amount<span class=\"_ _383\"> </span>\u00a3m<span class=\"_ _383\"> </span>On demand<span class=\"_ _383\"> </span>\u00a3m<span class=\"_ _383\"> </span>Less than 3 months<span class=\"_ _383\"> </span>\u00a3m 3 \u2013 12 months<span class=\"_ _383\"> </span>\u00a3m 1 \u2013 5 years<span class=\"_ _383\"> </span>\u00a3m<span class=\"_ _383\"> </span>More than 5 years<span class=\"_ _383\"> </span>\u00a3m<span class=\"_ _383\"> </span>Financial liability by type<span class=\"_ _d6\"> </span><span class=\"ls2\"> <span class=\"_ _11a\"> </span> <span class=\"_ _11a\"> </span> <span class=\"_ _11a\"> </span> <span class=\"_ _11a\"> </span> <span class=\"_ _11a\"> </span> </span>Amounts o<span class=\"_ _6\"></span>wed to r<span class=\"_ _6\"></span>etail depositor<span class=\"_ _6\"></span>s<span class=\"_ _19a\"> </span><span class=\"ff2 lsd3 ws86\">19<span class=\"_ _1f6\"></span>,755.8<span class=\"_ _d\"> </span><span class=\"lse5 wsea\">6,<span class=\"_ _1\"></span>7<span class=\"_ _1\"></span>70<span class=\"_ _1\"></span>.<span class=\"_ _1\"></span>7<span class=\"_ _6c\"> </span><span class=\"ls81 wsdf\">2<span class=\"_ _1\"></span>,<span class=\"_ _1\"></span>6<span class=\"_ _1\"></span>3<span class=\"_ _1\"></span>2<span class=\"_ _1\"></span>.4<span class=\"_ _d2\"> </span><span class=\"lsc4 wsc3\">7,<span class=\"_ _0\"> </span>8<span class=\"_ _0\"> </span>0<span class=\"_ _0\"></span>7.<span class=\"_ _0\"></span>7<span class=\"_ _6c\"> </span><span class=\"ls7d wse2\">2,5<span class=\"_ _1\"></span>45.0<span class=\"_ _116\"> </span><span class=\"ls2 ws2\">\u2013 </span></span></span></span></span></span>Amounts o<span class=\"_ _6\"></span>wed to cr<span class=\"_ _6\"></span>edit institutions<span class=\"_ _ae\"> </span><span class=\"ff2 lsc5 wsc4\">5<span class=\"_ _1\"></span>,<span class=\"_ _1\"></span>0<span class=\"_ _1\"></span>9<span class=\"_ _1\"></span>2<span class=\"_ _2\"></span>.9<span class=\"_ _d9\"> </span><span class=\"ls2 ws2\">\u2013 <span class=\"_ _50\"> </span><span class=\"ls81 wsdf\">1<span class=\"_ _1\"></span>9<span class=\"_ _1\"></span>1<span class=\"_ _1\"></span>.4<span class=\"_ _5a\"> </span><span class=\"ls11 ws6e\">310.<span class=\"_ _1\"></span>3<span class=\"_ _6e\"> </span></span></span></span>4<span class=\"_ _1\"></span>,<span class=\"_ _2\"></span>2<span class=\"_ _1\"></span>1<span class=\"_ _2\"></span>8<span class=\"_ _1\"></span>.9<span class=\"_ _50\"> </span><span class=\"ls33 ws30\">372<span class=\"_ _1\"></span>.<span class=\"_ _1\"></span>3<span class=\"_ _383\"> </span></span></span>Amounts o<span class=\"_ _6\"></span>wed to o<span class=\"_ _6\"></span>ther customer<span class=\"_ _6\"></span>s<span class=\"_ _102\"> </span><span class=\"ff2 lsc3 wsc2\">11<span class=\"_ _1\"></span>3<span class=\"_ _2\"></span>.1<span class=\"_ _d9\"> </span><span class=\"ls2 ws2\">\u2013<span class=\"_ _96\"> </span><span class=\"lsc6 wsc5\">2<span class=\"_ _1\"></span>9.<span class=\"_ _2\"></span>7<span class=\"_ _55\"> </span><span class=\"ls9e ws98\">76<span class=\"_ _1\"></span>.<span class=\"_ _2\"></span>5<span class=\"_ _e5\"> </span><span class=\"lsc5 wsc4\">6<span class=\"_ _1\"></span>.9<span class=\"_ _d9\"> </span></span></span></span>\u2013<span class=\"_ _383\"> </span></span></span>Derivative liabilities<span class=\"_ _d4\"> </span><span class=\"ff2 ls2\">106.6<span class=\"_ _1cc\"> </span>\u2013 <span class=\"_ _b2\"> </span><span class=\"lsc4 wsc3\">7.<span class=\"_ _0\"></span>5<span class=\"_ _96\"> </span></span>46.3<span class=\"_ _59\"> </span><span class=\"ls2c ws29\">43.8<span class=\"_ _53\"> </span><span class=\"lsc6 wsc5\">9.<span class=\"_ _1\"></span>0<span class=\"_ _383\"> </span></span></span></span>Debt securities in issue<span class=\"_ _2b0\"> </span><span class=\"ff2 lsc5 wsc4\">2<span class=\"_ _2\"></span>6<span class=\"_ _1\"></span>5<span class=\"_ _1\"></span>.9<span class=\"_ _d9\"> </span><span class=\"ls2 ws2\">\u2013 <span class=\"_ _61\"> </span><span class=\"ls11 ws6e\">0.3<span class=\"_ _d9\"> </span></span>\u2013 <span class=\"_ _7d\"> </span><span class=\"lsc9 wsc9\">26<span class=\"_ _1\"></span>5.6<span class=\"_ _d9\"> </span></span>\u2013 </span></span>Lease liabilities<span class=\"_ _325\"> </span><span class=\"ff2 lsc6 wsc5\">9.9<span class=\"_ _d9\"> </span><span class=\"ls2 ws2\">\u2013 <span class=\"_ _d0\"> </span><span class=\"ls81 wsdf\">0<span class=\"_ _1\"></span>.4<span class=\"_ _5f\"> </span><span class=\"ls14 ws11\">1.3<span class=\"_ _8b\"> </span><span class=\"lsc4 wsc3\">7.<span class=\"_ _0\"></span>6<span class=\"_ _15e\"> </span><span class=\"ls11 ws6e\">0.6<span class=\"_ _383\"> </span></span></span></span></span></span></span>Subordinated liabilities<span class=\"_ _300\"> </span><span class=\"ff2 ls2\">\u2013 <span class=\"_ _3f\"> </span>\u2013 <span class=\"_ _20e\"> </span>\u2013 <span class=\"_ _3f\"> </span>\u2013 <span class=\"_ _20e\"> </span>\u2013 <span class=\"_ _3f\"> </span>\u2013 </span>PSBs<span class=\"_ _2b1\"> </span><span class=\"ff2 lscd wsce\">15.2<span class=\"_ _1cc\"> </span><span class=\"ls2 ws2\">\u2013 <span class=\"_ _3f\"> </span>\u2013 <span class=\"_ _20e\"> </span>\u2013 <span class=\"_ _2ab\"> </span></span>15.2<span class=\"_ _d9\"> </span><span class=\"ls2 ws2\">\u2013 </span></span>T<span class=\"_ _8\"></span>otal liabilities<span class=\"_ _24\"> </span><span class=\"lsc6 wsc5\">2<span class=\"_ _1\"></span>5<span class=\"_ _2\"></span>,<span class=\"_ _1\"></span>3<span class=\"_ _2\"></span>5<span class=\"_ _2\"></span>9.<span class=\"_ _1\"></span>4<span class=\"_ _6e\"> </span><span class=\"lse5 wsea\">6<span class=\"_ _1\"></span>,7<span class=\"_ _2\"></span>70.<span class=\"_ _1\"></span>7<span class=\"_ _6b\"> </span><span class=\"ls33 ws30\">2<span class=\"_ _1\"></span>,<span class=\"_ _1\"></span>8<span class=\"_ _1\"></span>61.<span class=\"_ _1\"></span>7<span class=\"_ _6e\"> </span><span class=\"lsc3 wsc2\">8<span class=\"_ _2\"></span>,<span class=\"_ _2\"></span>2<span class=\"_ _1\"></span>4<span class=\"_ _1\"></span>2<span class=\"_ _2\"></span>.1<span class=\"_ _40\"> </span><span class=\"lse4 wse9\">7,<span class=\"_ _1\"></span>1<span class=\"_ _0\"></span>0<span class=\"_ _2\"></span>3<span class=\"_ _0\"> </span>.<span class=\"_ _0\"></span>0<span class=\"_ _18d\"> </span><span class=\"ls14 ws11\">3<span class=\"_ _1\"></span>81.<span class=\"_ _6\"></span>9<span class=\"_ _383\"> </span></span></span></span></span></span></span>Financial asset by type<span class=\"_ _326\"> </span><span class=\"ls2\"> <span class=\"_ _11a\"> </span> <span class=\"_ _11a\"> </span> <span class=\"_ _21a\"> </span> <span class=\"_ _11a\"> </span> <span class=\"_ _11a\"> </span> </span>Cash in hand<span class=\"_ _f0\"> </span><span class=\"ff2 ls81 wsdf\">0<span class=\"_ _1\"></span>.4<span class=\"_ _15c\"> </span>0<span class=\"_ _1\"></span>.4<span class=\"_ _d9\"> </span><span class=\"ls2 ws2\">\u2013 <span class=\"_ _20e\"> </span>\u2013 <span class=\"_ _3f\"> </span>\u2013 <span class=\"_ _20e\"> </span>\u2013 </span></span>Loans and adv<span class=\"_ _6\"></span>ances to credit institutions<span class=\"_ _a\"> </span><span class=\"ff2 lsf9 ws82\">3,365.7<span class=\"_ _d\"> </span><span class=\"lsd7 wsd7\">3<span class=\"_ _1\"></span>,1<span class=\"_ _1\"></span>0<span class=\"_ _2\"></span>4<span class=\"_ _1\"></span>.<span class=\"_ _1\"></span>0<span class=\"_ _9c\"> </span><span class=\"ls81 wsdf\">7<span class=\"_ _1\"></span>1<span class=\"_ _1\"></span>.4<span class=\"_ _d9\"> </span><span class=\"ls2 ws2\">\u2013 <span class=\"_ _20e\"> </span>\u2013 <span class=\"_ _70\"> </span><span class=\"ls11 ws6e\">190.<span class=\"_ _1\"></span>3<span class=\"_ _383\"> </span></span></span></span></span></span>Inv<span class=\"_ _6\"></span>estment securities<span class=\"_ _c1\"> </span><span class=\"ff2 lsc5 wsc4\">412<span class=\"_ _2\"></span>.9<span class=\"_ _15c\"> </span><span class=\"ls11 ws6e\">0.5<span class=\"_ _5a\"> </span>144.8<span class=\"_ _254\"> </span><span class=\"lsc3 wsc2\">2<span class=\"_ _2\"></span>2<span class=\"_ _1\"></span>.1<span class=\"_ _86\"> </span><span class=\"ls14 ws11\">245.5<span class=\"_ _1cc\"> </span><span class=\"ls2 ws2\">\u2013 </span></span></span></span></span>Loans and adv<span class=\"_ _6\"></span>ances to customer<span class=\"_ _6\"></span>s<span class=\"_ _19c\"> </span><span class=\"ff2 ls33 ws30\">2<span class=\"_ _1\"></span>3<span class=\"_ _1\"></span>,<span class=\"_ _1\"></span>612<span class=\"_ _1\"></span>.<span class=\"_ _1\"></span>7<span class=\"_ _15c\"> </span><span class=\"ls73 ws7a\">2.3<span class=\"_ _8c\"> </span><span class=\"ls7d wse2\">223.8<span class=\"_ _a9\"> </span><span class=\"lscc wscd\">42<span class=\"_ _1\"></span>1.<span class=\"_ _1\"></span>8<span class=\"_ _69\"> </span><span class=\"lse0 wse0\">1<span class=\"_ _1\"></span>,<span class=\"_ _1\"></span>3<span class=\"_ _1\"></span>41<span class=\"_ _1\"></span>.<span class=\"_ _1\"></span>6<span class=\"_ _1fe\"> </span><span class=\"ls12 wsf\">21<span class=\"_ _1\"></span>,62<span class=\"_ _1\"></span>3.<span class=\"_ _1\"></span>2<span class=\"_ _383\"> </span></span></span></span></span></span></span>Derivative asset<span class=\"_ _6\"></span>s<span class=\"_ _2a\"> </span><span class=\"ff2 ls1f ws1c\">888.<span class=\"_ _8\"></span>1<span class=\"_ _1cc\"> </span><span class=\"ls2 ws2\">\u2013 <span class=\"_ _37\"> </span><span class=\"lscd wsce\">2.7<span class=\"_ _93\"> </span><span class=\"ls6f ws75\">55.5<span class=\"_ _8c\"> </span><span class=\"ls7d wse2\">828.2<span class=\"_ _90\"> </span></span></span>1.7<span class=\"_ _383\"> </span></span></span></span>T<span class=\"_ _8\"></span>otal assets<span class=\"_ _cb\"> </span><span class=\"lsc6 wsc5\">2<span class=\"_ _2\"></span>8<span class=\"_ _2\"></span>,<span class=\"_ _2\"></span>2<span class=\"_ _2\"></span>7<span class=\"_ _1\"></span>9.<span class=\"_ _2\"></span>8<span class=\"_ _69\"> </span><span class=\"lsc4 wsc3\">3<span class=\"_ _2\"></span>,<span class=\"_ _2\"></span>1<span class=\"_ _2\"></span>0<span class=\"_ _0\"></span>7.<span class=\"_ _0\"> </span>2<span class=\"_ _50\"> </span><span class=\"lscc wscd\">4<span class=\"_ _1\"></span>42<span class=\"_ _1\"></span>.7<span class=\"_ _50\"> </span></span></span>4<span class=\"_ _1\"></span>9<span class=\"_ _2\"></span>9.<span class=\"_ _1\"></span>4<span class=\"_ _6b\"> </span><span class=\"lse0 wse0\">2<span class=\"_ _2\"></span>,41<span class=\"_ _1\"></span>5<span class=\"_ _1\"></span>.<span class=\"_ _1\"></span>3<span class=\"_ _aa\"> </span><span class=\"lscd wsce\">21,815.<span class=\"_ _1\"></span>2<span class=\"_ _383\"> </span></span></span></span>Cumulative liquidity gap<span class=\"_ _101\"> </span><span class=\"ls2\"> <span class=\"_ _1a\"> </span><span class=\"lsf9 ws82\">(3,663.5)<span class=\"_ _b5\"> </span><span class=\"lsa wse4\">(6<span class=\"_ _1\"></span>,<span class=\"_ _1\"></span>0<span class=\"_ _1\"></span>8<span class=\"_ _1\"></span>2<span class=\"_ _2\"></span>.6<span class=\"_ _1\"></span>)<span class=\"_ _16\"> </span><span class=\"ls7d wse2\">(1<span class=\"_ _6\"></span>3,825.<span class=\"_ _1\"></span>2)<span class=\"_ _9f\"> </span><span class=\"lsc5 wsc4\">(<span class=\"_ _1\"></span>1<span class=\"_ _1\"></span>8<span class=\"_ _2\"></span>,<span class=\"_ _1\"></span>5<span class=\"_ _1\"></span>1<span class=\"_ _1\"></span>2<span class=\"_ _2\"></span>.9)<span class=\"_ _aa\"> </span><span class=\"ls89 wscc\">2,9<span class=\"_ _1\"></span>2<span class=\"_ _2\"></span>0<span class=\"_ _1\"></span>.4<span class=\"_ _383\"> </span></span></span></span></span></span></span>2021<span class=\"_ _383\"> </span>Carrying amount<span class=\"_ _383\"> </span>\u00a3m<span class=\"_ _383\"> </span>On demand<span class=\"_ _383\"> </span>\u00a3m<span class=\"_ _383\"> </span>Less than 3 months<span class=\"_ _383\"> </span>\u00a3m 3 \u2013 12 months<span class=\"_ _383\"> </span>\u00a3m 1 \u2013 5 years<span class=\"_ _383\"> </span>\u00a3m<span class=\"_ _383\"> </span>More than 5 years<span class=\"_ _383\"> </span>\u00a3m<span class=\"_ _383\"> </span>Financial liability by type<span class=\"_ _383\"> </span>Amounts o<span class=\"_ _6\"></span>wed to r<span class=\"_ _6\"></span>etail depositor<span class=\"_ _6\"></span>s<span class=\"_ _95\"> </span><span class=\"lsc8 wsc8\">1<span class=\"_ _2\"></span>7,<span class=\"_ _0\"></span>5<span class=\"_ _0\"></span>2<span class=\"_ _2\"></span>6<span class=\"_ _0\"></span>.<span class=\"_ _2\"></span>4<span class=\"_ _6b\"> </span><span class=\"ls7a wsa1\">5,004.6<span class=\"_ _6e\"> </span><span class=\"ls1f ws1c\">2,350.3<span class=\"_ _69\"> </span><span class=\"ls2c ws29\">7<span class=\"_ _1f6\"></span>,<span class=\"_ _6\"></span>458.5<span class=\"_ _8e\"> </span>2,713.0<span class=\"_ _116\"> </span><span class=\"ls2 ws2\">\u2013 </span></span></span></span></span>Amounts o<span class=\"_ _6\"></span>wed to cr<span class=\"_ _6\"></span>edit institutions<span class=\"_ _179\"> </span><span class=\"lsf8 wsfd\">4,<span class=\"_ _0\"></span>3<span class=\"_ _2\"></span>1<span class=\"_ _1\"></span>9.<span class=\"_ _2\"></span>6<span class=\"_ _57\"> </span><span class=\"lsed wsf2\">4<span class=\"_ _1\"></span>2<span class=\"_ _1\"></span>.1<span class=\"_ _ca\"> </span></span></span><span class=\"ws6e\">1.0<span class=\"_ _d9\"> </span></span><span class=\"ls2\">\u2013 <span class=\"_ _1a\"> </span><span class=\"ls88 wse3\">4,<span class=\"_ _1\"></span>2<span class=\"_ _1\"></span>0<span class=\"_ _1\"></span>3.<span class=\"_ _1\"></span>2<span class=\"_ _4f\"> </span><span class=\"ls79 wse8\">73.<span class=\"_ _1\"></span>3<span class=\"_ _383\"> </span></span></span></span>Amounts o<span class=\"_ _6\"></span>wed to o<span class=\"_ _6\"></span>ther customer<span class=\"_ _6\"></span>s<span class=\"_ _ef\"> </span><span class=\"ls14 ws11\">92.6<span class=\"_ _d0\"> </span><span class=\"ls88 wse3\">14.<span class=\"_ _1\"></span>8<span class=\"_ _ca\"> </span><span class=\"lsed wsf2\">8<span class=\"_ _2\"></span>.1<span class=\"_ _55\"> </span></span></span></span><span class=\"ws6e\">45.0<span class=\"_ _254\"> </span><span class=\"ls88 wse3\">24.<span class=\"_ _1\"></span>7<span class=\"_ _d9\"> </span></span></span><span class=\"ls2\">\u2013 </span>Derivative liabilities<span class=\"_ _c2\"> </span><span class=\"lsf8 wsfd\">1<span class=\"_ _1\"></span>9.<span class=\"_ _2\"></span>7<span class=\"_ _d9\"> </span></span><span class=\"ls2\">\u2013 <span class=\"_ _b2\"> </span><span class=\"ls9f wsbc\">0.7<span class=\"_ _d0\"> </span><span class=\"lsd7 wsd7\">1<span class=\"_ _1\"></span>0<span class=\"_ _2\"></span>.4<span class=\"_ _e5\"> </span><span class=\"ls7a wsa1\">8.6<span class=\"_ _1cc\"> </span></span></span></span>\u2013 </span>Debt securities in issue<span class=\"_ _2c6\"> </span><span class=\"ls9f wsbc\">460.3<span class=\"_ _d9\"> </span></span><span class=\"ls2\">\u2013 <span class=\"_ _20e\"> </span>\u2013 <span class=\"_ _3f\"> </span>\u2013 <span class=\"_ _83\"> </span><span class=\"ls9f wsbc\">4<span class=\"_ _1\"></span>60.3<span class=\"_ _d9\"> </span></span>\u2013 </span>Lease liabilities<span class=\"_ _c6\"> </span><span class=\"ls9f wsbc\">10.7<span class=\"_ _d9\"> </span></span><span class=\"ls2\">\u2013 <span class=\"_ _37\"> </span><span class=\"ls9f wsbc\">0.<span class=\"_ _1\"></span>3<span class=\"_ _53\"> </span>0.<span class=\"_ _1\"></span>6<span class=\"_ _8b\"> </span><span class=\"lse3 wse7\">3.7<span class=\"_ _ce\"> </span><span class=\"lsed wsf2\">6<span class=\"_ _1\"></span>.1<span class=\"_ _383\"> </span></span></span></span></span>Subordinated liabilities<span class=\"_ _17a\"> </span><span class=\"ls9f wsbc\">10.3<span class=\"_ _d9\"> </span></span><span class=\"ls2\">\u2013 <span class=\"_ _20e\"> </span>\u2013 <span class=\"_ _53\"> </span><span class=\"lsed wsf2\">0<span class=\"_ _1\"></span>.1<span class=\"_ _61\"> </span><span class=\"ls9f wsbc\">10.<span class=\"_ _1\"></span>2<span class=\"_ _d9\"> </span></span></span>\u2013 </span>PSBs<span class=\"_ _10c\"> </span><span class=\"ls9f wsbc\">15.<span class=\"_ _1\"></span>2<span class=\"_ _d9\"> </span><span class=\"ls2 ws2\">\u2013 <span class=\"_ _20e\"> </span>\u2013 <span class=\"_ _3f\"> </span>\u2013 <span class=\"_ _9d\"> </span></span>15.<span class=\"_ _1\"></span>2<span class=\"_ _d9\"> </span><span class=\"ls2 ws2\">\u2013 </span></span>T<span class=\"_ _8\"></span>otal liabilities<span class=\"_ _26\"> </span><span class=\"ff1 lsd7 wsd7\">2<span class=\"_ _1\"></span>2<span class=\"_ _2\"></span>,4<span class=\"_ _1\"></span>5<span class=\"_ _1\"></span>4<span class=\"_ _1\"></span>.<span class=\"_ _2\"></span>8<span class=\"_ _a1\"> </span><span class=\"lsa wse4\">5<span class=\"_ _1\"></span>,0<span class=\"_ _1\"></span>61<span class=\"_ _1\"></span>.<span class=\"_ _1\"></span>5<span class=\"_ _d2\"> </span></span>2<span class=\"_ _1\"></span>,<span class=\"_ _2\"></span>3<span class=\"_ _1\"></span>6<span class=\"_ _1\"></span>0<span class=\"_ _2\"></span>.4<span class=\"_ _7d\"> </span><span class=\"lsc8 wsc8\">7,<span class=\"_ _0\"></span>5<span class=\"_ _2\"></span>1<span class=\"_ _0\"></span>4<span class=\"_ _0\"></span>.<span class=\"_ _0\"></span>6<span class=\"_ _73\"> </span>7,<span class=\"_ _2\"></span>4<span class=\"_ _0\"></span>3<span class=\"_ _0\"></span>8<span class=\"_ _0\"></span>.<span class=\"_ _2\"></span>9<span class=\"_ _1b4\"> </span><span class=\"lsf8 wsfd\">7<span class=\"_ _2\"></span>9.4<span class=\"_ _383\"> </span></span></span></span>Financial asset by type<span class=\"_ _383\"> </span>Cash in hand<span class=\"_ _2b4\"> </span><span class=\"ls9f wsbc\">0.5<span class=\"_ _15e\"> </span>0.5<span class=\"_ _d9\"> </span></span><span class=\"ls2\">\u2013 <span class=\"_ _20e\"> </span>\u2013 <span class=\"_ _3f\"> </span>\u2013 <span class=\"_ _3f\"> </span>\u2013 </span>Loans and adv<span class=\"_ _6\"></span>ances to credit institutions<span class=\"_ _128\"> </span><span class=\"ls2c ws29\">2,843.6<span class=\"_ _69\"> </span></span><span class=\"ls2\">2,66<span class=\"_ _6\"></span>7<span class=\"_ _1f6\"></span>.8<span class=\"_ _96\"> </span><span class=\"ls7e ws16\">52.0<span class=\"_ _63\"> </span><span class=\"lsed wsf2\">1<span class=\"_ _2\"></span>0<span class=\"_ _1\"></span>.1<span class=\"_ _d9\"> </span></span></span>\u2013 <span class=\"_ _3b\"> </span><span class=\"lsc7 ws7f\">113<span class=\"_ _1\"></span>.7<span class=\"_ _383\"> </span></span></span>Inv<span class=\"_ _6\"></span>estment securities<span class=\"_ _29f\"> </span><span class=\"lsd7 wsd7\">4<span class=\"_ _1\"></span>9<span class=\"_ _2\"></span>1<span class=\"_ _1\"></span>.4<span class=\"_ _d9\"> </span></span><span class=\"ls2\">\u2013 <span class=\"_ _3e\"> </span><span class=\"ls38 ws35\">172<span class=\"_ _1\"></span>.<span class=\"_ _1\"></span>7<span class=\"_ _ce\"> </span><span class=\"lsed wsf2\">6<span class=\"_ _1\"></span>.1<span class=\"_ _e8\"> </span><span class=\"ls12 wsf\">312<span class=\"_ _1\"></span>.6<span class=\"_ _d9\"> </span></span></span></span>\u2013 </span>Loans and adv<span class=\"_ _6\"></span>ances to customer<span class=\"_ _6\"></span>s<span class=\"_ _19a\"> </span><span class=\"ls9f wsbc\">21,0<span class=\"_ _1\"></span>80.<span class=\"_ _1\"></span>3<span class=\"_ _15e\"> </span><span class=\"ls2c ws29\">3.3<span class=\"_ _3b\"> </span><span class=\"lscc wscd\">163.<span class=\"_ _1\"></span>8<span class=\"_ _a9\"> </span><span class=\"ls6f ws75\">3<span class=\"_ _1\"></span>83.5<span class=\"_ _7d\"> </span><span class=\"lsc8 wsc8\">1<span class=\"_ _0\"></span>,<span class=\"_ _0\"></span>3<span class=\"_ _0\"></span>2<span class=\"_ _0\"></span>7.<span class=\"_ _2\"></span>4<span class=\"_ _89\"> </span><span class=\"lsf8 wsfd\">1<span class=\"_ _2\"></span>9,<span class=\"_ _0\"></span>2<span class=\"_ _2\"></span>0<span class=\"_ _1\"></span>2<span class=\"_ _2\"></span>.<span class=\"_ _0\"></span>3<span class=\"_ _383\"> </span></span></span></span></span></span></span>Derivative asset<span class=\"_ _6\"></span>s<span class=\"_ _22c\"> </span><span class=\"ls14 ws11\">185.<span class=\"_ _1\"></span>7<span class=\"_ _1cc\"> </span></span><span class=\"ls2\">\u2013 <span class=\"_ _53\"> </span><span class=\"lsed wsf2\">0<span class=\"_ _1\"></span>.1<span class=\"_ _5f\"> </span><span class=\"lsd7 wsd7\">5<span class=\"_ _1\"></span>.4<span class=\"_ _9d\"> </span><span class=\"lsf8 wsfd\">1<span class=\"_ _1\"></span>7<span class=\"_ _2\"></span>9.9<span class=\"_ _8b\"> </span><span class=\"ls9f wsbc\">0.3<span class=\"_ _383\"> </span></span></span></span></span></span>T<span class=\"_ _8\"></span>otal assets<span class=\"_ _319\"> </span><span class=\"ff1 lsff ws91\">24<span class=\"_ _6\"></span>,601.5<span class=\"_ _76\"> </span><span class=\"ls2 ws2\">2,6<span class=\"_ _8\"></span>7<span class=\"_ _1\"></span>1.6<span class=\"_ _50\"> </span><span class=\"ls24 ws21\">388.6<span class=\"_ _18d\"> </span><span class=\"lsed wsf2\">4<span class=\"_ _1\"></span>0<span class=\"_ _2\"></span>5<span class=\"_ _1\"></span>.1<span class=\"_ _70\"> </span><span class=\"lsf8 wsfd\">1<span class=\"_ _1\"></span>,<span class=\"_ _2\"></span>8<span class=\"_ _2\"></span>1<span class=\"_ _2\"></span>9.<span class=\"_ _1\"></span>9<span class=\"_ _121\"> </span>1<span class=\"_ _2\"></span>9,<span class=\"_ _2\"></span>3<span class=\"_ _2\"></span>1<span class=\"_ _1\"></span>6<span class=\"_ _2\"></span>.<span class=\"_ _2\"></span>3<span class=\"_ _383\"> </span></span></span></span></span></span>Cumulative liquidity gap<span class=\"_ _101\"> </span><span class=\"ff1 ls2\"> <span class=\"_ _d2\"> </span><span class=\"lsf8 wsfd\">(<span class=\"_ _2\"></span>2<span class=\"_ _2\"></span>,<span class=\"_ _2\"></span>3<span class=\"_ _2\"></span>8<span class=\"_ _2\"></span>9.<span class=\"_ _1\"></span>9<span class=\"_ _1\"></span>)<span class=\"_ _a5\"> </span><span class=\"lsa wse4\">(<span class=\"_ _1\"></span>4<span class=\"_ _1\"></span>,<span class=\"_ _1\"></span>3<span class=\"_ _1\"></span>61<span class=\"_ _1\"></span>.<span class=\"_ _1\"></span>7<span class=\"_ _0\"></span>)<span class=\"_ _19f\"> </span><span class=\"ls9f wsbc\">(11,<span class=\"_ _6\"></span>4<span class=\"_ _6\"></span>71.<span class=\"_ _1\"></span>2)<span class=\"_ _fc\"> </span><span class=\"lsc8 wsc8\">(<span class=\"_ _2\"></span>1<span class=\"_ _2\"></span>7,<span class=\"_ _2\"></span>0<span class=\"_ _0\"> </span>9<span class=\"_ _3\"> </span>0<span class=\"_ _2\"></span>.<span class=\"_ _3\"> </span>2<span class=\"_ _2\"></span>)<span class=\"_ _d2\"> </span><span class=\"ls89 wscc\">2<span class=\"_ _2\"></span>,1<span class=\"_ _1\"></span>4<span class=\"_ _1\"></span>6<span class=\"_ _1\"></span>.<span class=\"_ _383\"> </span></span></span></span></span></span></span><span class=\"ff1 ls2\"><span class=\"lsf8 wsfd\"><span class=\"lsa wse4\"><span class=\"ls9f wsbc\"><span class=\"lsc8 wsc8\"><span class=\"ls89 wscc\"><span class=\"_ _1\"></span>7<span class=\"_ _383\"> </span></span></span></span></span></span></span>Liquidity ris<span class=\"_ _1\"></span>k \u2013 undis<span class=\"_ _1\"></span>co<span class=\"_ _1\"></span>unted c<span class=\"_ _1\"></span>ont<span class=\"_ _1\"></span>rac<span class=\"_ _1\"></span>tual c<span class=\"_ _1\"></span>ash \ufb02ows<span class=\"_ _383\"> </span>The following t<span class=\"_ _6\"></span>ables provide an analysis o<span class=\"_ _6\"></span>f the Group<span class=\"_ _8\"></span>\u2019<span class=\"_ _6\"></span>s gross contr<span class=\"_ _8\"></span>actual undisc<span class=\"_ _1\"></span>ounted cash \ufb02o<span class=\"_ _6\"></span>ws<span class=\"_ _6\"></span>, derived using in<span class=\"_ _6\"></span>terest r<span class=\"_ _8\"></span>ates and contractual maturities at the reporting date and excluding impac<span class=\"_ _6\"></span>ts of early payment<span class=\"_ _6\"></span>s or non-payments:<span class=\"_ _383\"> </span>2022<span class=\"_ _383\"> </span>Carrying amount<span class=\"_ _383\"> </span>\u00a3m<span class=\"_ _383\"> </span>Gross in\ufb02ow<span class=\"_ _6\"></span>/ out\ufb02ow<span class=\"_ _383\"> </span>\u00a3m<span class=\"_ _383\"> </span>Up to 3 months<span class=\"_ _383\"> </span>\u00a3m 3 \u2013 12 months<span class=\"_ _383\"> </span>\u00a3m 1 \u2013 5 years<span class=\"_ _383\"> </span>\u00a3m<span class=\"_ _383\"> </span>More than 5 years<span class=\"_ _383\"> </span>\u00a3m<span class=\"_ _383\"> </span>Financial liability by type<span class=\"_ _d6\"> </span><span class=\"ls2\"> <span class=\"_ _11a\"> </span> <span class=\"_ _11a\"> </span> <span class=\"_ _11a\"> </span> <span class=\"_ _11a\"> </span> <span class=\"_ _11a\"> </span> </span>Amounts o<span class=\"_ _6\"></span>wed to r<span class=\"_ _6\"></span>etail depositor<span class=\"_ _6\"></span>s<span class=\"_ _19a\"> </span><span class=\"ff2 lsd3 ws86\">19<span class=\"_ _1f6\"></span>,755.8<span class=\"_ _36\"> </span><span class=\"ls7e ws16\">20,08<span class=\"_ _1\"></span>3.0<span class=\"_ _66\"> </span><span class=\"ls16c ws189\">9,<span class=\"_ _2\"></span>5<span class=\"_ _2\"></span>6<span class=\"_ _2\"></span>6<span class=\"_ _1\"></span>.<span class=\"_ _2\"></span>2<span class=\"_ _7f\"> </span><span class=\"lse4 wse9\">7,<span class=\"_ _1\"></span>9<span class=\"_ _0\"> </span>1<span class=\"_ _0\"></span>1<span class=\"_ _2\"></span>.<span class=\"_ _0\"></span>0<span class=\"_ _6c\"> </span><span class=\"ls2 ws2\">2,605.8<span class=\"_ _1cc\"> </span>\u2013<span class=\"_ _383\"> </span></span></span></span></span></span>Amounts o<span class=\"_ _6\"></span>wed to cr<span class=\"_ _6\"></span>edit institutions<span class=\"_ _ae\"> </span><span class=\"ff2 lsc5 wsc4\">5<span class=\"_ _1\"></span>,<span class=\"_ _1\"></span>0<span class=\"_ _1\"></span>9<span class=\"_ _1\"></span>2<span class=\"_ _2\"></span>.9<span class=\"_ _d\"> </span><span class=\"lsc6 wsc5\">5<span class=\"_ _1\"></span>,<span class=\"_ _1\"></span>4<span class=\"_ _2\"></span>5<span class=\"_ _2\"></span>9.<span class=\"_ _2\"></span>8<span class=\"_ _3b\"> </span><span class=\"lsc4 wsc3\">2<span class=\"_ _2\"></span>2<span class=\"_ _0\"></span>7.<span class=\"_ _2\"></span>1<span class=\"_ _18d\"> </span></span></span>41<span class=\"_ _2\"></span>0<span class=\"_ _1\"></span>.9<span class=\"_ _d\"> </span><span class=\"ls6f ws75\">4,<span class=\"_ _6\"></span>449<span class=\"_ _8\"></span>.5<span class=\"_ _86\"> </span><span class=\"ls33 ws30\">372<span class=\"_ _2\"></span>.3<span class=\"_ _383\"> </span></span></span></span>Amounts o<span class=\"_ _6\"></span>wed to o<span class=\"_ _6\"></span>ther customer<span class=\"_ _6\"></span>s<span class=\"_ _102\"> </span><span class=\"ff2 lsc3 wsc2\">11<span class=\"_ _1\"></span>3<span class=\"_ _2\"></span>.1<span class=\"_ _9d\"> </span>11<span class=\"_ _1\"></span>3<span class=\"_ _2\"></span>.1<span class=\"_ _55\"> </span><span class=\"lsc6 wsc5\">2<span class=\"_ _1\"></span>9.<span class=\"_ _2\"></span>7<span class=\"_ _55\"> </span><span class=\"ls9e ws98\">76<span class=\"_ _1\"></span>.<span class=\"_ _2\"></span>5<span class=\"_ _e5\"> </span><span class=\"lsc5 wsc4\">6<span class=\"_ _1\"></span>.9<span class=\"_ _d9\"> </span><span class=\"ls2 ws2\">\u2013<span class=\"_ _383\"> </span></span></span></span></span></span>Derivative liabilities<span class=\"_ _d4\"> </span><span class=\"ff2 ls2\">106.6<span class=\"_ _5a\"> </span><span class=\"lsc5 wsc4\">1<span class=\"_ _2\"></span>0<span class=\"_ _1\"></span>3<span class=\"_ _1\"></span>.9<span class=\"_ _4f\"> </span><span class=\"ls12 wsf\">16.<span class=\"_ _1\"></span>2<span class=\"_ _61\"> </span><span class=\"lsc6 wsc5\">3<span class=\"_ _2\"></span>9.1<span class=\"_ _96\"> </span><span class=\"lscd wsce\">46.7<span class=\"_ _90\"> </span></span></span></span>1<span class=\"_ _2\"></span>.9<span class=\"_ _383\"> </span></span></span>Debt securities in issue<span class=\"_ _2b0\"> </span><span class=\"ff2 lsc5 wsc4\">2<span class=\"_ _2\"></span>6<span class=\"_ _1\"></span>5<span class=\"_ _1\"></span>.9<span class=\"_ _5a\"> </span><span class=\"lsc4 wsc3\">2<span class=\"_ _0\"></span>7<span class=\"_ _0\"> </span>7.<span class=\"_ _3\"> </span>3<span class=\"_ _96\"> </span><span class=\"ls81 wsdf\">3<span class=\"_ _1\"></span>4<span class=\"_ _1\"></span>.4<span class=\"_ _9d\"> </span><span class=\"ls11 ws6e\">64.5<span class=\"_ _3e\"> </span></span>178<span class=\"_ _1\"></span>.4<span class=\"_ _d9\"> </span><span class=\"ls2 ws2\">\u2013 </span></span></span></span>Lease liabilities<span class=\"_ _325\"> </span><span class=\"ff2 lsc6 wsc5\">9.9<span class=\"_ _57\"> </span><span class=\"ls81 wsdf\">11<span class=\"_ _1\"></span>.4<span class=\"_ _15c\"> </span><span class=\"ls11 ws6e\">0.5<span class=\"_ _5f\"> </span><span class=\"ls14 ws11\">1.5<span class=\"_ _1c2\"> </span><span class=\"lsd3 ws86\">8.8<span class=\"_ _1c2\"> </span></span></span>0.6<span class=\"_ _383\"> </span></span></span></span>Subordinated liabilities<span class=\"_ _300\"> </span><span class=\"ff2 ls2\">\u2013 <span class=\"_ _3f\"> </span>\u2013 <span class=\"_ _20e\"> </span>\u2013 <span class=\"_ _3f\"> </span>\u2013 <span class=\"_ _20e\"> </span>\u2013 <span class=\"_ _3f\"> </span>\u2013 </span>PSBs<span class=\"_ _2b1\"> </span><span class=\"ff2 lscd wsce\">15.2<span class=\"_ _1b4\"> </span><span class=\"lsc3 wsc2\">1<span class=\"_ _1\"></span>6<span class=\"_ _1\"></span>.1<span class=\"_ _15c\"> </span></span></span><span class=\"ff2\">0.<span class=\"_ _1\"></span>3<span class=\"_ _1c2\"> </span>0.3<span class=\"_ _254\"> </span><span class=\"lscd wsce\">15.5<span class=\"_ _1cc\"> </span><span class=\"ls2 ws2\">\u2013 </span></span></span>T<span class=\"_ _8\"></span>otal liabilities<span class=\"_ _24\"> </span><span class=\"lsc6 wsc5\">2<span class=\"_ _1\"></span>5<span class=\"_ _2\"></span>,<span class=\"_ _1\"></span>3<span class=\"_ _2\"></span>5<span class=\"_ _2\"></span>9.<span class=\"_ _1\"></span>4<span class=\"_ _a2\"> </span><span class=\"lsc9 wsc9\">26,06<span class=\"_ _1\"></span>4.6<span class=\"_ _d\"> </span><span class=\"ls16c ws189\">9,<span class=\"_ _2\"></span>8<span class=\"_ _1\"></span>7<span class=\"_ _2\"></span>4<span class=\"_ _2\"></span>.<span class=\"_ _1\"></span>4<span class=\"_ _89\"> </span><span class=\"lsd3 ws86\">8,503.8<span class=\"_ _76\"> </span><span class=\"ls14 ws11\">7<span class=\"_ _1f6\"></span>,<span class=\"_ _1\"></span>311.6<span class=\"_ _98\"> </span><span class=\"ls11 ws6e\">37<span class=\"_ _1\"></span>4.8<span class=\"_ _383\"> </span></span></span></span></span></span></span><span class=\"_ _383\">Off-balance sheet loan commitments</span><span class=\"_ _13e\"> </span><span class=\"ff2 ls7e ws16\">1,2<span class=\"_ _1\"></span>12.<span class=\"_ _1\"></span>2<span class=\"_ _d2\"> </span>1<span class=\"_ _1\"></span>,<span class=\"_ _1\"></span>212.<span class=\"_ _1\"></span>2<span class=\"_ _d2\"> </span>1<span class=\"_ _1\"></span>,<span class=\"_ _1\"></span>212<span class=\"_ _1\"></span>.2<span class=\"_ _d9\"> </span><span class=\"ls2 ws2\">\u2013 <span class=\"_ _20e\"> </span>\u2013 <span class=\"_ _3f\"> </span>\u2013 </span></span>Financial asset by type<span class=\"_ _326\"> </span><span class=\"ls2\"> <span class=\"_ _11a\"> </span> <span class=\"_ _11a\"> </span> <span class=\"_ _21a\"> </span> <span class=\"_ _11a\"> </span> <span class=\"_ _11a\"> </span> </span>Cash in hand<span class=\"_ _f0\"> </span><span class=\"ff2 ls81 wsdf\">0<span class=\"_ _1\"></span>.4<span class=\"_ _15c\"> </span>0<span class=\"_ _1\"></span>.4<span class=\"_ _15c\"> </span>0<span class=\"_ _1\"></span>.4<span class=\"_ _d9\"> </span><span class=\"ls2 ws2\">\u2013 <span class=\"_ _20e\"> </span>\u2013 <span class=\"_ _3f\"> </span>\u2013 </span></span>Loans and adv<span class=\"_ _6\"></span>ances to credit institutions<span class=\"_ _a\"> </span><span class=\"ff2 lsf9 ws82\">3,365.7<span class=\"_ _6c\"> </span>3,365.7<span class=\"_ _6b\"> </span><span class=\"lsd7 wsd7\">3<span class=\"_ _1\"></span>,1<span class=\"_ _1\"></span>7<span class=\"_ _2\"></span>5<span class=\"_ _1\"></span>.4<span class=\"_ _d9\"> </span><span class=\"ls2 ws2\">\u2013 <span class=\"_ _3f\"> </span>\u2013 <span class=\"_ _70\"> </span><span class=\"ls11 ws6e\">190.3<span class=\"_ _383\"> </span></span></span></span></span>Inv<span class=\"_ _6\"></span>estment securities<span class=\"_ _c1\"> </span><span class=\"ff2 lsc5 wsc4\">412<span class=\"_ _2\"></span>.9<span class=\"_ _86\"> </span><span class=\"ls14 ws11\">444.3<span class=\"_ _50\"> </span><span class=\"ls6f ws75\">148.<span class=\"_ _1\"></span>2<span class=\"_ _2ab\"> </span><span class=\"ls11 ws6e\">3<span class=\"_ _1\"></span>0.<span class=\"_ _1\"></span>2<span class=\"_ _86\"> </span></span></span></span>2<span class=\"_ _1\"></span>6<span class=\"_ _1\"></span>5<span class=\"_ _2\"></span>.9<span class=\"_ _d9\"> </span><span class=\"ls2 ws2\">\u2013<span class=\"_ _383\"> </span></span></span>Loans and adv<span class=\"_ _6\"></span>ances to customer<span class=\"_ _6\"></span>s<span class=\"_ _19c\"> </span><span class=\"ff2 ls33 ws30\">2<span class=\"_ _1\"></span>3<span class=\"_ _1\"></span>,<span class=\"_ _1\"></span>612<span class=\"_ _1\"></span>.<span class=\"_ _1\"></span>7<span class=\"_ _19f\"> </span><span class=\"ls7a wsa1\">57<span class=\"_ _1f6\"></span>,<span class=\"_ _6\"></span>940.<span class=\"_ _8\"></span>1<span class=\"_ _98\"> </span><span class=\"ls2c ws29\">430.7<span class=\"_ _d2\"> </span><span class=\"lse3 wse7\">1,657<span class=\"_ _1f6\"></span>.2<span class=\"_ _6c\"> </span><span class=\"lsc5 wsc4\">8<span class=\"_ _1\"></span>,<span class=\"_ _1\"></span>0<span class=\"_ _2\"></span>2<span class=\"_ _1\"></span>8<span class=\"_ _1\"></span>.9<span class=\"_ _1fe\"> </span><span class=\"ls2c ws29\">47<span class=\"_ _9\"></span>,823.3<span class=\"_ _383\"> </span></span></span></span></span></span></span>Derivative asset<span class=\"_ _6\"></span>s<span class=\"_ _2a\"> </span><span class=\"ff2 ls1f ws1c\">888.<span class=\"_ _8\"></span>1<span class=\"_ _8c\"> </span><span class=\"ls11 ws6e\">820.5<span class=\"_ _55\"> </span><span class=\"ls9e ws98\">76<span class=\"_ _2\"></span>.9<span class=\"_ _a9\"> </span><span class=\"lsc6 wsc5\">2<span class=\"_ _2\"></span>5<span class=\"_ _1\"></span>9.<span class=\"_ _1\"></span>4<span class=\"_ _86\"> </span></span></span>484.<span class=\"_ _1\"></span>6<span class=\"_ _9c\"> </span><span class=\"lsa wse4\">(<span class=\"_ _1\"></span>0<span class=\"_ _1\"></span>.4)<span class=\"_ _383\"> </span></span></span></span>T<span class=\"_ _8\"></span>otal assets<span class=\"_ _cb\"> </span><span class=\"lsc6 wsc5\">2<span class=\"_ _2\"></span>8<span class=\"_ _2\"></span>,<span class=\"_ _2\"></span>2<span class=\"_ _2\"></span>7<span class=\"_ _1\"></span>9.<span class=\"_ _2\"></span>8<span class=\"_ _fd\"> </span><span class=\"ls12 wsf\">62<span class=\"_ _1\"></span>,571<span class=\"_ _1\"></span>.0<span class=\"_ _6e\"> </span><span class=\"ls14 ws11\">3,8<span class=\"_ _1\"></span>31.6<span class=\"_ _121\"> </span><span class=\"ls89 wscc\">1<span class=\"_ _1\"></span>,9<span class=\"_ _1\"></span>4<span class=\"_ _2\"></span>6<span class=\"_ _1\"></span>.<span class=\"_ _1\"></span>8<span class=\"_ _6e\"> </span></span></span></span>8<span class=\"_ _2\"></span>,<span class=\"_ _2\"></span>7<span class=\"_ _2\"></span>7<span class=\"_ _2\"></span>9.<span class=\"_ _1\"></span>4<span class=\"_ _202\"> </span><span class=\"ls7e ws16\">48<span class=\"_ _1\"></span>,013<span class=\"_ _1\"></span>.<span class=\"_ _1\"></span>2<span class=\"_ _383\"> </span></span></span>2021<span class=\"_ _383\"> </span>Carrying amount<span class=\"_ _383\"> </span>\u00a3m<span class=\"_ _383\"> </span>Gross in\ufb02o<span class=\"_ _6\"></span>w/ out\ufb02ow<span class=\"_ _383\"> </span>\u00a3m<span class=\"_ _383\"> </span>Up to 3 months<span class=\"_ _383\"> </span>\u00a3m 3 \u2013 12 months<span class=\"_ _383\"> </span>\u00a3m 1 \u2013 5 years<span class=\"_ _383\"> </span>\u00a3m<span class=\"_ _383\"> </span>More than 5 years<span class=\"_ _383\"> </span>\u00a3m<span class=\"_ _383\"> </span>Financial liability by type<span class=\"_ _383\"> </span>Amounts o<span class=\"_ _6\"></span>wed to r<span class=\"_ _6\"></span>etail depositor<span class=\"_ _6\"></span>s<span class=\"_ _95\"> </span><span class=\"lsc8 wsc8\">1<span class=\"_ _2\"></span>7,<span class=\"_ _0\"></span>5<span class=\"_ _0\"></span>2<span class=\"_ _2\"></span>6<span class=\"_ _0\"></span>.<span class=\"_ _2\"></span>4<span class=\"_ _6e\"> </span><span class=\"lse3 wse7\">17<span class=\"_ _1f6\"></span>,554.7<span class=\"_ _40\"> </span><span class=\"lsf8 wsfd\">9,<span class=\"_ _1\"></span>3<span class=\"_ _0\"></span>0<span class=\"_ _2\"></span>5<span class=\"_ _2\"></span>.<span class=\"_ _2\"></span>7<span class=\"_ _d2\"> </span></span>5<span class=\"_ _1\"></span>,88<span class=\"_ _1\"></span>3.7<span class=\"_ _121\"> </span><span class=\"ls14 ws11\">2<span class=\"_ _1\"></span>,365.<span class=\"_ _1\"></span>3<span class=\"_ _1cc\"> </span><span class=\"ls2 ws2\">\u2013 </span></span></span></span>Amounts o<span class=\"_ _6\"></span>wed to cr<span class=\"_ _6\"></span>edit institutions<span class=\"_ _179\"> </span><span class=\"lsf8 wsfd\">4,<span class=\"_ _0\"></span>3<span class=\"_ _2\"></span>1<span class=\"_ _1\"></span>9.<span class=\"_ _2\"></span>6<span class=\"_ _69\"> </span>4<span class=\"_ _2\"></span>,<span class=\"_ _2\"></span>3<span class=\"_ _2\"></span>5<span class=\"_ _2\"></span>9.<span class=\"_ _2\"></span>8<span class=\"_ _55\"> </span><span class=\"ls79 wse8\">45<span class=\"_ _1\"></span>.2<span class=\"_ _15e\"> </span><span class=\"ls7a wsa1\">5.<span class=\"_ _1\"></span>2<span class=\"_ _a1\"> </span><span class=\"lsed wsf2\">4,<span class=\"_ _2\"></span>2<span class=\"_ _1\"></span>3<span class=\"_ _2\"></span>6<span class=\"_ _1\"></span>.1<span class=\"_ _4f\"> </span></span></span>73<span class=\"_ _1\"></span>.3<span class=\"_ _383\"> </span></span></span>Amounts o<span class=\"_ _6\"></span>wed to o<span class=\"_ _6\"></span>ther customer<span class=\"_ _6\"></span>s<span class=\"_ _ef\"> </span><span class=\"ls14 ws11\">92.6<span class=\"_ _55\"> </span>92.6<span class=\"_ _254\"> </span><span class=\"ls86 wsf1\">2<span class=\"_ _2\"></span>2<span class=\"_ _1\"></span>.9<span class=\"_ _55\"> </span></span></span><span class=\"ws6e\">45.0<span class=\"_ _254\"> </span><span class=\"ls88 wse3\">2<span class=\"_ _1\"></span>4.7<span class=\"_ _d9\"> </span></span></span><span class=\"ls2\">\u2013 </span>Derivative liabilities<span class=\"_ _c2\"> </span><span class=\"lsf8 wsfd\">1<span class=\"_ _1\"></span>9.<span class=\"_ _2\"></span>7<span class=\"_ _e5\"> </span></span><span class=\"ws6e\">6.0<span class=\"_ _57\"> </span><span class=\"lsd7 wsd7\">(<span class=\"_ _1\"></span>0<span class=\"_ _1\"></span>.4<span class=\"_ _1\"></span>)<span class=\"_ _53\"> </span><span class=\"lsed wsf2\">5<span class=\"_ _1\"></span>.1<span class=\"_ _ca\"> </span><span class=\"ls9f wsbc\">1.<span class=\"_ _1\"></span>2<span class=\"_ _ca\"> </span></span>0<span class=\"_ _1\"></span>.1<span class=\"_ _383\"> </span></span></span></span>Debt securities in issue<span class=\"_ _2c6\"> </span><span class=\"ls9f wsbc\">460.3<span class=\"_ _3e\"> </span><span class=\"lsee wsf3\">47<span class=\"_ _2\"></span>3<span class=\"_ _1\"></span>.<span class=\"_ _2\"></span>2<span class=\"_ _1b4\"> </span><span class=\"lsed wsf2\">2<span class=\"_ _1\"></span>5<span class=\"_ _1\"></span>.1<span class=\"_ _254\"> </span></span></span></span><span class=\"ws6e\">7<span class=\"_ _1\"></span>5.0<span class=\"_ _5c\"> </span><span class=\"lsed wsf2\">3<span class=\"_ _1\"></span>7<span class=\"_ _1\"></span>3<span class=\"_ _1\"></span>.1<span class=\"_ _d9\"> </span></span></span><span class=\"ls2\">\u2013 </span>Lease liabilities<span class=\"_ _c6\"> </span><span class=\"ls9f wsbc\">10.7<span class=\"_ _1c2\"> </span><span class=\"lsed wsf2\">1<span class=\"_ _1\"></span>3<span class=\"_ _2\"></span>.1<span class=\"_ _15e\"> </span></span>0.<span class=\"_ _1\"></span>6<span class=\"_ _ca\"> </span>1.6<span class=\"_ _ca\"> </span><span class=\"lsc8 wsc8\">7.<span class=\"_ _0\"></span>7<span class=\"_ _5f\"> </span><span class=\"ls2c ws29\">3.2<span class=\"_ _383\"> </span></span></span></span>Subordinated liabilities<span class=\"_ _17a\"> </span><span class=\"ls9f wsbc\">10.3<span class=\"_ _61\"> </span><span class=\"ls12 wsf\">12<span class=\"_ _1\"></span>.<span class=\"_ _1\"></span>2<span class=\"_ _53\"> </span></span>0.<span class=\"_ _1\"></span>2<span class=\"_ _e5\"> </span>0.7<span class=\"_ _1c2\"> </span><span class=\"lsc7 ws7f\">11.<span class=\"_ _1\"></span>3<span class=\"_ _d9\"> </span></span></span><span class=\"ls2\">\u2013 </span>PSBs<span class=\"_ _10c\"> </span><span class=\"ls9f wsbc\">15.<span class=\"_ _1\"></span>2<span class=\"_ _d0\"> </span><span class=\"lscc wscd\">16.<span class=\"_ _1\"></span>8<span class=\"_ _53\"> </span></span>0.<span class=\"_ _1\"></span>2<span class=\"_ _15e\"> </span>0.5<span class=\"_ _1c2\"> </span><span class=\"lsed wsf2\">1<span class=\"_ _1\"></span>6<span class=\"_ _1\"></span>.1<span class=\"_ _d9\"> </span><span class=\"ls2 ws2\">\u2013 </span></span></span>T<span class=\"_ _8\"></span>otal liabilities<span class=\"_ _26\"> </span><span class=\"ff1 lsd7 wsd7\">2<span class=\"_ _1\"></span>2<span class=\"_ _2\"></span>,4<span class=\"_ _1\"></span>5<span class=\"_ _1\"></span>4<span class=\"_ _1\"></span>.<span class=\"_ _2\"></span>8<span class=\"_ _aa\"> </span><span class=\"lse3 wse7\">22,528.<span class=\"_ _6\"></span>4<span class=\"_ _69\"> </span><span class=\"lsf8 wsfd\">9,<span class=\"_ _2\"></span>3<span class=\"_ _2\"></span>9<span class=\"_ _2\"></span>9.<span class=\"_ _2\"></span>5<span class=\"_ _a1\"> </span><span class=\"ls7a wsa1\">6,016.8<span class=\"_ _40\"> </span><span class=\"ls1f ws1c\">7<span class=\"_ _1f6\"></span>,035.5<span class=\"_ _254\"> </span><span class=\"ls7a wsa1\">7<span class=\"_ _6\"></span>6.6<span class=\"_ _383\"> </span></span></span></span></span></span></span><span class=\"_ _383\">Off-balance sheet loan commitments</span><span class=\"_ _a7\"> </span><span class=\"ls9f wsbc\">1,155.3<span class=\"_ _94\"> </span>1,155.3<span class=\"_ _7d\"> </span>1,155.3<span class=\"_ _d9\"> </span></span><span class=\"ls2\">\u2013 <span class=\"_ _20e\"> </span>\u2013 <span class=\"_ _3f\"> </span>\u2013 </span>Financial asset by type<span class=\"_ _383\"> </span>Cash in hand<span class=\"_ _2b4\"> </span><span class=\"ls9f wsbc\">0.5<span class=\"_ _15e\"> </span>0.5<span class=\"_ _15e\"> </span>0.5<span class=\"_ _d9\"> </span></span><span class=\"ls2\">\u2013 <span class=\"_ _20e\"> </span>\u2013 <span class=\"_ _3f\"> </span>\u2013 </span>Loans and adv<span class=\"_ _6\"></span>ances to credit institutions<span class=\"_ _128\"> </span><span class=\"ls2c ws29\">2,843.6<span class=\"_ _6e\"> </span>2,843.6<span class=\"_ _6b\"> </span><span class=\"ls6f ws75\">2,756.<span class=\"_ _1\"></span>3<span class=\"_ _63\"> </span><span class=\"lsed wsf2\">1<span class=\"_ _1\"></span>0<span class=\"_ _1\"></span>.1<span class=\"_ _d9\"> </span></span></span></span><span class=\"ls2\">\u2013 <span class=\"_ _9d\"> </span><span class=\"lsc8 wsc8\">7<span class=\"_ _3\"> </span>7.<span class=\"_ _0\"></span>2<span class=\"_ _383\"> </span></span></span>Inv<span class=\"_ _6\"></span>estment securities<span class=\"_ _29f\"> </span><span class=\"lsd7 wsd7\">4<span class=\"_ _1\"></span>9<span class=\"_ _2\"></span>1<span class=\"_ _1\"></span>.4<span class=\"_ _3b\"> </span><span class=\"lsc8 wsc8\">4<span class=\"_ _2\"></span>9<span class=\"_ _0\"></span>7.<span class=\"_ _2\"></span>0<span class=\"_ _59\"> </span><span class=\"ls38 ws35\">17<span class=\"_ _1\"></span>2<span class=\"_ _1\"></span>.6<span class=\"_ _3d\"> </span><span class=\"ls6f ws75\">108.<span class=\"_ _1\"></span>8<span class=\"_ _3d\"> </span><span class=\"ls7a wsa1\">215.6<span class=\"_ _d9\"> </span></span></span></span></span></span><span class=\"ls2\">\u2013 </span>Loans and adv<span class=\"_ _6\"></span>ances to customer<span class=\"_ _6\"></span>s<span class=\"_ _19a\"> </span><span class=\"ls9f wsbc\">21,0<span class=\"_ _1\"></span>80.<span class=\"_ _1\"></span>3<span class=\"_ _88\"> </span>41,29<span class=\"_ _1\"></span>0.<span class=\"_ _1\"></span>2<span class=\"_ _3e\"> </span><span class=\"lsd7 wsd7\">3<span class=\"_ _1\"></span>7<span class=\"_ _2\"></span>4<span class=\"_ _1\"></span>.4<span class=\"_ _7d\"> </span></span>1,3<span class=\"_ _1\"></span>31.0<span class=\"_ _74\"> </span><span class=\"ls86 wsf1\">5<span class=\"_ _2\"></span>,<span class=\"_ _1\"></span>7<span class=\"_ _2\"></span>11<span class=\"_ _2\"></span>.9<span class=\"_ _88\"> </span><span class=\"lsd4 ws46\">33,872.<span class=\"_ _8\"></span>9<span class=\"_ _383\"> </span></span></span></span>Derivative asset<span class=\"_ _6\"></span>s<span class=\"_ _22c\"> </span><span class=\"ls14 ws11\">185.<span class=\"_ _1\"></span>7<span class=\"_ _55\"> </span><span class=\"ls7a wsa1\">75.8<span class=\"_ _15e\"> </span><span class=\"lsd7 wsd7\">(<span class=\"_ _1\"></span>1<span class=\"_ _1\"></span>.4)<span class=\"_ _9c\"> </span><span class=\"lsc7 ws7f\">11.<span class=\"_ _1\"></span>2<span class=\"_ _55\"> </span></span></span></span></span><span class=\"ws6e\">66.0<span class=\"_ _1cc\"> </span></span><span class=\"ls2\">\u2013 </span>T<span class=\"_ _8\"></span>otal assets<span class=\"_ _319\"> </span><span class=\"ff1 lsff ws91\">24<span class=\"_ _6\"></span>,601.5<span class=\"_ _9a\"> </span><span class=\"ls88 wse3\">4<span class=\"_ _1\"></span>4,707<span class=\"_ _8\"></span>.1<span class=\"_ _121\"> </span><span class=\"lsd7 wsd7\">3<span class=\"_ _2\"></span>,<span class=\"_ _1\"></span>3<span class=\"_ _2\"></span>0<span class=\"_ _1\"></span>2<span class=\"_ _2\"></span>.4<span class=\"_ _86\"> </span><span class=\"ls9f wsbc\">1,<span class=\"_ _8\"></span>4<span class=\"_ _1\"></span>61.<span class=\"_ _6\"></span>1<span class=\"_ _d2\"> </span><span class=\"ls7a wsa1\">5,<span class=\"_ _8\"></span>9<span class=\"_ _1\"></span>93.5<span class=\"_ _a5\"> </span><span class=\"lsc5 wsc4\">3<span class=\"_ _1\"></span>3<span class=\"_ _2\"></span>,9<span class=\"_ _1\"></span>5<span class=\"_ _2\"></span>0.<span class=\"_ _1\"></span>1<span class=\"_ _383\"> </span></span></span></span></span></span></span>The actual repayment pr<span class=\"_ _6\"></span>o\ufb01le of r<span class=\"_ _6\"></span><span class=\"_ _383\">etail deposits may differ fr</span><span class=\"_ _6\"></span>om the analysis abov<span class=\"_ _6\"></span>e due to the option of early withdr<span class=\"_ _6\"></span>aw<span class=\"_ _6\"></span>al with a penalty. Cash \ufb02ows on PSBs ar<span class=\"_ _6\"></span>e disclosed up to the next in<span class=\"_ _6\"></span>teres<span class=\"_ _6\"></span>t rate r<span class=\"_ _6\"></span>eset date. The actual repayment pr<span class=\"_ _6\"></span>o\ufb01le of loans and adv<span class=\"_ _6\"></span>ances to customer<span class=\"_ _6\"></span><span class=\"_ _383\">s may differ from the analysis abo</span><span class=\"_ _6\"></span>ve since many mortgage loans are r<span class=\"_ _6\"></span>epaid prior to the contr<span class=\"_ _6\"></span>actual end date.<span class=\"_ _383\"> </span>Liquidity ris<span class=\"_ _1\"></span>k \u2013 ass<span class=\"_ _1\"></span>et en<span class=\"_ _1\"></span>cumb<span class=\"_ _1\"></span>ran<span class=\"_ _1\"></span>ce<span class=\"_ _383\"> </span>Asset encumbrance le<span class=\"_ _6\"></span>vels are monit<span class=\"_ _6\"></span>ored by AL<span class=\"_ _8\"></span>CO<span class=\"_ _6\"></span>. The follo<span class=\"_ _6\"></span>wing tables pro<span class=\"_ _6\"></span>vide an analysis of the Group<span class=\"_ _8\"></span>\u2019<span class=\"_ _8\"></span>s encumbered and unencumbered assets:<span class=\"_ _383\"> </span>2022<span class=\"_ _383\"> </span>To<span class=\"_ _1\"></span>t<span class=\"_ _2\"></span>a<span class=\"_ _1\"></span>l<span class=\"_ _383\"> </span>\u00a3m<span class=\"_ _383\"> </span>Encumbered<span class=\"_ _327\"> </span>Unencumbered Pledged as collateral<span class=\"_ _383\"> </span>\u00a3m<span class=\"_ _383\"> </span>Other<span class=\"_ _383\"> </span>1<span class=\"_ _383\"> </span>\u00a3m<span class=\"_ _383\"> </span>Av<span class=\"_ _6\"></span>ailable as collateral<span class=\"_ _383\"> </span>\u00a3m<span class=\"_ _383\"> </span>Other<span class=\"_ _383\"> </span>\u00a3m<span class=\"_ _383\"> </span>Cash in hand<span class=\"_ _328\"> </span><span class=\"ff2 ls2\">\u2013 <span class=\"_ _20e\"> </span>\u2013 <span class=\"_ _37\"> </span><span class=\"ls81 wsdf\">0.4<span class=\"_ _d9\"> </span></span>\u2013 <span class=\"_ _61\"> </span><span class=\"ls81 wsdf\">0<span class=\"_ _1\"></span>.4<span class=\"_ _383\"> </span></span></span>Loans and adv<span class=\"_ _6\"></span>ances to credit institutions<span class=\"_ _329\"> </span><span class=\"ff2 lsc4 wsc3\">2<span class=\"_ _2\"></span>3<span class=\"_ _0\"></span>7.<span class=\"_ _2\"></span>4<span class=\"_ _18d\"> </span><span class=\"ls12 wsf\">17<span class=\"_ _1\"></span>4.<span class=\"_ _1\"></span>6<span class=\"_ _a5\"> </span><span class=\"ls2 ws2\">2,<span class=\"_ _1\"></span>806.5<span class=\"_ _18d\"> </span></span></span>1<span class=\"_ _0\"></span>4<span class=\"_ _2\"></span>7.<span class=\"_ _0\"></span>2<span class=\"_ _d\"> </span><span class=\"lsf9 ws82\">3,365.7<span class=\"_ _383\"> </span></span></span>Inv<span class=\"_ _6\"></span>estment securities<span class=\"_ _32a\"> </span><span class=\"ff2 ls81 wsdf\">4<span class=\"_ _1\"></span>6<span class=\"_ _1\"></span>.4<span class=\"_ _d9\"> </span><span class=\"ls2 ws2\">\u2013 <span class=\"_ _7d\"> </span>366.5<span class=\"_ _1cc\"> </span>\u2013 <span class=\"_ _98\"> </span><span class=\"lsc5 wsc4\">41<span class=\"_ _1\"></span>2<span class=\"_ _2\"></span>.9<span class=\"_ _383\"> </span></span></span></span>Loans and adv<span class=\"_ _6\"></span>ances to customer<span class=\"_ _6\"></span>s2<span class=\"_ _383\"> </span>6<span class=\"_ _1\"></span>,<span class=\"_ _1\"></span>7<span class=\"_ _1\"></span>0<span class=\"_ _2\"></span>5<span class=\"_ _1\"></span>.1<span class=\"_ _d9\"> </span><span class=\"ls2 ws2a\">\u2013  <span class=\"_ _a3\"> </span><span class=\"ls22 ws1f\">16<span class=\"_ _1\"></span>,42<span class=\"_ _1\"></span>4<span class=\"_ _1\"></span>.<span class=\"_ _1\"></span>5<span class=\"_ _91\"> </span></span></span>4<span class=\"_ _1\"></span>8<span class=\"_ _2\"></span>3<span class=\"_ _1\"></span>.1<span class=\"_ _a6\"> </span><span class=\"ls33 ws30\">23<span class=\"_ _1\"></span>,<span class=\"_ _1\"></span>61<span class=\"_ _1\"></span>2<span class=\"_ _1\"></span>.7<span class=\"_ _383\"> </span></span>Derivative asset<span class=\"_ _6\"></span>s<span class=\"_ _2eb\"> </span><span class=\"ff2 ls2\">\u2013 <span class=\"_ _20e\"> </span>\u2013 <span class=\"_ _3f\"> </span>\u2013 <span class=\"_ _70\"> </span><span class=\"ls1f ws1c\">888.<span class=\"_ _8\"></span>1<span class=\"_ _a9\"> </span>888.1<span class=\"_ _383\"> </span></span></span>Non-\ufb01nancial assets<span class=\"_ _2a5\"> </span><span class=\"ff2 ls2\">\u2013 <span class=\"_ _3f\"> </span>\u2013 <span class=\"_ _20e\"> </span>\u2013 <span class=\"_ _74\"> </span><span class=\"lsc3 wsc2\">(<span class=\"_ _2\"></span>7<span class=\"_ _1\"></span>1<span class=\"_ _1\"></span>3<span class=\"_ _2\"></span>.1<span class=\"_ _1\"></span>)<span class=\"_ _94\"> </span>(<span class=\"_ _0\"></span>7<span class=\"_ _1\"></span>1<span class=\"_ _1\"></span>3<span class=\"_ _2\"></span>.1<span class=\"_ _1\"></span>)</span></span> <span class=\"_ _1cb\"> </span><span class=\"ff2 ls1f ws1c\">6,988.<span class=\"_ _1f6\"></span>9<span class=\"_ _91\"> </span><span class=\"ls12 wsf\">17<span class=\"_ _1\"></span>4.<span class=\"_ _1\"></span>6<span class=\"_ _1a\"> </span><span class=\"ls7d wse2\">19<span class=\"_ _1f6\"></span>,597<span class=\"_ _8\"></span>.<span class=\"_ _6\"></span>9<span class=\"_ _70\"> </span><span class=\"ls1f ws1c\">805.3<span class=\"_ _1fe\"> </span><span class=\"lse4 wse9\">2<span class=\"_ _2\"></span>7,<span class=\"_ _0\"></span>5<span class=\"_ _0\"></span>6<span class=\"_ _0\"></span>6<span class=\"_ _0\"></span>.<span class=\"_ _2\"></span>7<span class=\"_ _383\"> </span></span></span></span></span></span>2021<span class=\"_ _383\"> </span>To<span class=\"_ _1\"></span>t<span class=\"_ _2\"></span>a<span class=\"_ _1\"></span>l<span class=\"_ _383\"> </span>\u00a3m<span class=\"_ _383\"> </span>Encumbered<span class=\"_ _13b\"> </span>Unencumbered Pledged as collateral<span class=\"_ _383\"> </span>\u00a3m<span class=\"_ _383\"> </span>Other<span class=\"_ _383\"> </span>1<span class=\"_ _383\"> </span>\u00a3m<span class=\"_ _383\"> </span>Available as collateral<span class=\"_ _383\"> </span>\u00a3m<span class=\"_ _383\"> </span>Other<span class=\"_ _383\"> </span>\u00a3m<span class=\"_ _383\"> </span>Cash in hand<span class=\"_ _328\"> </span><span class=\"ls2\">\u2013 <span class=\"_ _3f\"> </span>\u2013 <span class=\"_ _37\"> </span><span class=\"ls9f wsbc\">0.5<span class=\"_ _d9\"> </span></span>\u2013 <span class=\"_ _37\"> </span><span class=\"ls9f wsbc\">0.5<span class=\"_ _383\"> </span></span></span>Loans and adv<span class=\"_ _6\"></span>ances to credit institutions<span class=\"_ _2af\"> </span><span class=\"lsf8 wsfd\">9<span class=\"_ _0\"></span>9.9<span class=\"_ _93\"> </span><span class=\"ls6f ws75\">107<span class=\"_ _9\"></span>.5<span class=\"_ _40\"> </span><span class=\"lsd7 wsd7\">2<span class=\"_ _1\"></span>,4<span class=\"_ _2\"></span>9<span class=\"_ _1\"></span>6<span class=\"_ _1\"></span>.4<span class=\"_ _5c\"> </span><span class=\"lsf8 wsfd\">1<span class=\"_ _2\"></span>3<span class=\"_ _2\"></span>9.<span class=\"_ _2\"></span>8<span class=\"_ _d2\"> </span><span class=\"ls2c ws29\">2,843.6<span class=\"_ _383\"> </span></span></span></span></span></span>Inv<span class=\"_ _6\"></span>estment securities<span class=\"_ _7e\"> </span><span class=\"ls12 wsf\">121.<span class=\"_ _1\"></span>8<span class=\"_ _d9\"> </span></span><span class=\"ls2\">\u2013 <span class=\"_ _8c\"> </span><span class=\"lsf8 wsfd\">3<span class=\"_ _2\"></span>6<span class=\"_ _2\"></span>9.<span class=\"_ _2\"></span>6<span class=\"_ _35\"> </span></span>\u2013 <span class=\"_ _a9\"> </span><span class=\"lsd7 wsd7\">4<span class=\"_ _1\"></span>9<span class=\"_ _2\"></span>1<span class=\"_ _1\"></span>.4<span class=\"_ _383\"> </span></span></span>Loans and adv<span class=\"_ _6\"></span>ances to customer<span class=\"_ _6\"></span>s2<span class=\"_ _383\"> </span>6,37<span class=\"_ _6\"></span>3.7<span class=\"_ _1cc\"> </span><span class=\"ls2 ws2\">\u2013 <span class=\"_ _6c\"> </span><span class=\"ls6f ws75\">2,74<span class=\"_ _1\"></span>6.3<span class=\"_ _d\"> </span><span class=\"ls9f wsbc\">11,<span class=\"_ _8\"></span>96<span class=\"_ _1\"></span>0.3<span class=\"_ _19f\"> </span>21,08<span class=\"_ _1\"></span>0.3<span class=\"_ _383\"> </span></span></span></span>Derivative asset<span class=\"_ _6\"></span>s<span class=\"_ _2eb\"> </span><span class=\"ls2\">\u2013 <span class=\"_ _20e\"> </span>\u2013 <span class=\"_ _3f\"> </span>\u2013 <span class=\"_ _a9\"> </span><span class=\"ls14 ws11\">185.7<span class=\"_ _3b\"> </span>18<span class=\"_ _1\"></span>5.7<span class=\"_ _383\"> </span></span></span>Non-\ufb01nancial assets<span class=\"_ _2a5\"> </span><span class=\"ls2\">\u2013 <span class=\"_ _3f\"> </span>\u2013 <span class=\"_ _3f\"> </span>\u2013 <span class=\"_ _3e\"> </span><span class=\"lsf8 wsfd\">(<span class=\"_ _1\"></span>6<span class=\"_ _2\"></span>9.<span class=\"_ _2\"></span>6<span class=\"_ _2\"></span>)<span class=\"_ _18d\"> </span>(<span class=\"_ _1\"></span>6<span class=\"_ _2\"></span>9.<span class=\"_ _2\"></span>6<span class=\"_ _1\"></span>)</span></span> <span class=\"_ _32b\"> </span><span class=\"ls7a wsa1\">6,595.<span class=\"_ _8\"></span>4<span class=\"_ _5c\"> </span><span class=\"ls6f ws75\">107<span class=\"_ _1f6\"></span>.5<span class=\"_ _a1\"> </span><span class=\"ls2 ws2\">5,6<span class=\"_ _6\"></span>12.8<span class=\"_ _6c\"> </span><span class=\"lscc wscd\">12<span class=\"_ _1\"></span>,<span class=\"_ _1\"></span>216<span class=\"_ _1\"></span>.<span class=\"_ _1\"></span>2<span class=\"_ _89\"> </span><span class=\"ls86 wsf1\">2<span class=\"_ _1\"></span>4<span class=\"_ _1\"></span>,<span class=\"_ _1\"></span>5<span class=\"_ _2\"></span>3<span class=\"_ _1\"></span>1<span class=\"_ _1\"></span>.9<span class=\"_ _383\"> </span></span></span></span></span></span>1. <span class=\"_ _41\"> </span>Re<span class=\"_ _1\"></span>pr<span class=\"_ _1\"></span>es<span class=\"_ _1\"></span>en<span class=\"_ _1\"></span>ts a<span class=\"_ _1\"></span>ss<span class=\"_ _1\"></span>et<span class=\"_ _1\"></span>s tha<span class=\"_ _1\"></span>t are n<span class=\"_ _1\"></span>ot p<span class=\"_ _1\"></span>le<span class=\"_ _1\"></span>dg<span class=\"_ _1\"></span>e<span class=\"_ _1\"></span>d bu<span class=\"_ _1\"></span>t tha<span class=\"_ _1\"></span>t the G<span class=\"_ _1\"></span>ro<span class=\"_ _1\"></span>up b<span class=\"_ _1\"></span>el<span class=\"_ _1\"></span>iev<span class=\"_ _1\"></span>es i<span class=\"_ _1\"></span>t is re<span class=\"_ _1\"></span>st<span class=\"_ _1\"></span>ri<span class=\"_ _1\"></span>cte<span class=\"_ _1\"></span>d fr<span class=\"_ _1\"></span>om u<span class=\"_ _1\"></span>si<span class=\"_ _1\"></span>ng to s<span class=\"_ _1\"></span>ec<span class=\"_ _1\"></span>ur<span class=\"_ _1\"></span>e fu<span class=\"_ _1\"></span>ndi<span class=\"_ _1\"></span>ng f<span class=\"_ _1\"></span>or l<span class=\"_ _1\"></span>eg<span class=\"_ _1\"></span>al o<span class=\"_ _1\"></span>r oth<span class=\"_ _1\"></span>er r<span class=\"_ _1\"></span>ea<span class=\"_ _1\"></span>so<span class=\"_ _1\"></span>ns<span class=\"_ _1\"></span>.<span class=\"_ _383\"> </span>2. <span class=\"_ _34\"> </span> <span class=\"_ _7\"></span>Une<span class=\"_ _1\"></span>nc<span class=\"_ _1\"></span>um<span class=\"_ _1\"></span>be<span class=\"_ _1\"></span>re<span class=\"_ _1\"></span>d lo<span class=\"_ _1\"></span>an<span class=\"_ _1\"></span>s an<span class=\"_ _1\"></span>d ad<span class=\"_ _1\"></span>van<span class=\"_ _1\"></span>c<span class=\"_ _1\"></span>es to c<span class=\"_ _1\"></span>us<span class=\"_ _1\"></span>to<span class=\"_ _1\"></span>me<span class=\"_ _1\"></span>rs c<span class=\"_ _1\"></span>la<span class=\"_ _1\"></span>ss<span class=\"_ _1\"></span>i\ufb01<span class=\"_ _1\"></span>ed a<span class=\"_ _1\"></span>s oth<span class=\"_ _1\"></span>er a<span class=\"_ _1\"></span>re re<span class=\"_ _1\"></span>s<span class=\"_ _1\"></span>tri<span class=\"_ _1\"></span>cte<span class=\"_ _1\"></span>d fo<span class=\"_ _1\"></span>r us<span class=\"_ _1\"></span>e as c<span class=\"_ _1\"></span>o<span class=\"_ _1\"></span>lla<span class=\"_ _1\"></span>te<span class=\"_ _1\"></span>ral a<span class=\"_ _1\"></span>s the<span class=\"_ _1\"></span>y ar<span class=\"_ _1\"></span>e; re<span class=\"_ _1\"></span>gi<span class=\"_ _1\"></span>ste<span class=\"_ _1\"></span>re<span class=\"_ _1\"></span>d o<span class=\"_ _1\"></span>ut<span class=\"_ _1\"></span>sid<span class=\"_ _1\"></span>e of U<span class=\"_ _1\"></span>K (Jer<span class=\"_ _1\"></span>s<span class=\"_ _1\"></span>ey an<span class=\"_ _1\"></span>d Gu<span class=\"_ _1\"></span>er<span class=\"_ _1\"></span>ns<span class=\"_ _1\"></span>ey<span class=\"_ _1\"></span>), not secure<span class=\"_ _1\"></span>d by immovable proper<span class=\"_ _1\"></span>ty or are non-performin<span class=\"_ _1\"></span>g.<span class=\"_ _383\"> </span>Liquidity risk \u2013<span class=\"_ _6\"></span> liquidity reser<span class=\"_ _1\"></span>ves<span class=\"_ _383\"> </span>The tables below analyse the Gr<span class=\"_ _6\"></span>oup<span class=\"_ _6\"></span>\u2019<span class=\"_ _8\"></span>s liquidity reserves, wher<span class=\"_ _6\"></span>e carrying value is considered t<span class=\"_ _6\"></span>o be equal to fair value:<span class=\"_ _383\"> </span>2022<span class=\"_ _383\"> </span>\u00a3m<span class=\"_ _383\"> </span>2021<span class=\"_ _383\"> </span>\u00a3m<span class=\"_ _383\"> </span>Unencumbered balances with centr<span class=\"_ _6\"></span>al bank<span class=\"_ _6\"></span>s<span class=\"_ _32c\"> </span><span class=\"ff2 ls2\">2,806.5<span class=\"_ _40\"> </span></span><span class=\"lsd7 wsd7\">2<span class=\"_ _2\"></span>,4<span class=\"_ _1\"></span>9<span class=\"_ _1\"></span>6<span class=\"_ _1\"></span>.4<span class=\"_ _383\"> </span></span>Unencumbered cash and balances with other bank<span class=\"_ _8\"></span>s<span class=\"_ _251\"> </span><span class=\"ff2 lsc4 wsc3\">1<span class=\"_ _2\"></span>4<span class=\"_ _2\"></span>7.<span class=\"_ _0\"> </span>2<span class=\"_ _59\"> </span></span><span class=\"lsf8 wsfd\">1<span class=\"_ _2\"></span>3<span class=\"_ _2\"></span>9.<span class=\"_ _2\"></span>8<span class=\"_ _383\"> </span></span>Other cash and cash equivalen<span class=\"_ _6\"></span>ts<span class=\"_ _270\"> </span><span class=\"ff2 ls81 wsdf\">0.4<span class=\"_ _15e\"> </span></span><span class=\"ls9f wsbc\">0.5<span class=\"_ _383\"> </span></span>Unencumbered in<span class=\"_ _6\"></span>vestmen<span class=\"_ _6\"></span>t securities<span class=\"_ _1f3\"> </span><span class=\"ff2 ls2\">366.5<span class=\"_ _91\"> </span></span><span class=\"lsf8 wsfd\">3<span class=\"_ _2\"></span>6<span class=\"_ _2\"></span>9.<span class=\"_ _2\"></span>6</span> <span class=\"_ _2e0\"> </span><span class=\"ff2 lsf9 ws82\">3,3<span class=\"_ _6\"></span>20.6<span class=\"_ _d\"> </span><span class=\"ff1 lsd4 ws46\">3,006.3<span class=\"_ _383\"> </span></span></span>Market ris<span class=\"_ _1\"></span>k<span class=\"_ _383\"> </span>Mark<span class=\"_ _6\"></span>et risk is the risk of an adv<span class=\"_ _6\"></span>erse change in the Group<span class=\"_ _8\"></span>\u2019<span class=\"_ _8\"></span>s income or the Group<span class=\"_ _6\"></span>\u2019<span class=\"_ _8\"></span>s net worth arising from mov<span class=\"_ _6\"></span>ement in inter<span class=\"_ _6\"></span>est r<span class=\"_ _6\"></span>ates<span class=\"_ _6\"></span>, exchange rates or other mark<span class=\"_ _8\"></span>et prices. Mark<span class=\"_ _8\"></span>et risk exists<span class=\"_ _8\"></span>, to some extent, in all the Group<span class=\"_ _8\"></span>\u2019<span class=\"_ _8\"></span><span class=\"_ _383\">s businesses. The Group recognises that the eff</span><span class=\"_ _6\"></span>ective managemen<span class=\"_ _6\"></span>t of mark<span class=\"_ _8\"></span>et risk is essential to the maintenance of s<span class=\"_ _6\"></span>table earnings and preservation of shar<span class=\"_ _6\"></span>eholder value.<span class=\"_ _383\"> </span>Inter<span class=\"_ _1\"></span>es<span class=\"_ _1\"></span>t rate ris<span class=\"_ _1\"></span>k<span class=\"_ _383\"> </span>The primary mark<span class=\"_ _6\"></span>et risk faced by the Gr<span class=\"_ _6\"></span>oup is interes<span class=\"_ _6\"></span>t rate risk<span class=\"_ _6\"></span>. Inter<span class=\"_ _6\"></span>est r<span class=\"_ _6\"></span>ate risk is the risk of loss from adv<span class=\"_ _6\"></span>erse mo<span class=\"_ _6\"></span>vemen<span class=\"_ _6\"></span>t in the ov<span class=\"_ _6\"></span>erall le<span class=\"_ _6\"></span>vel of inter<span class=\"_ _6\"></span>est rat<span class=\"_ _6\"></span>es. It arises fr<span class=\"_ _6\"></span>om mismatches in the timing of repricing o<span class=\"_ _6\"></span>f assets and liabilities, bo<span class=\"_ _6\"></span><span class=\"_ _383\">th on and off-balance sheet. The Group does not run </span>a trading book or tak<span class=\"_ _8\"></span>e speculative inter<span class=\"_ _6\"></span>est r<span class=\"_ _6\"></span>ate positions and theref<span class=\"_ _6\"></span>ore all inter<span class=\"_ _6\"></span>est r<span class=\"_ _6\"></span>ate risk resides in the banking book (int<span class=\"_ _6\"></span>erest r<span class=\"_ _6\"></span>ate risk in the banking book (IRRBB)). IRRBB is most pre<span class=\"_ _6\"></span>valent in mortgage lending and in \ufb01xe<span class=\"_ _6\"></span>d rate r<span class=\"_ _6\"></span>etail deposits<span class=\"_ _6\"></span>. Exposure is mitigated on a continuous basis through the use of natur<span class=\"_ _6\"></span><span class=\"_ _383\">al offse</span><span class=\"_ _6\"></span>ts between mortgages and savings with a similar tenor<span class=\"_ _8\"></span>, inter<span class=\"_ _6\"></span>est rat<span class=\"_ _6\"></span>e derivatives and r<span class=\"_ _6\"></span>eserve allocations. Currently in<span class=\"_ _6\"></span>teres<span class=\"_ _6\"></span>t rate risk is managed separ<span class=\"_ _6\"></span>ately for O<span class=\"_ _6\"></span><span class=\"_ _383\">SB and CCFS due to the use of diff</span><span class=\"_ _6\"></span>erent tr<span class=\"_ _6\"></span>easury management and asset and liability management (ALM) syst<span class=\"_ _6\"></span>ems. Ho<span class=\"_ _6\"></span>we<span class=\"_ _6\"></span>ver<span class=\"_ _1f6\"></span>, the methodology applied to the setting of risk appetites w<span class=\"_ _6\"></span>as aligned across the Gr<span class=\"_ _6\"></span>oup in 2020<span class=\"_ _8\"></span>. B<span class=\"_ _1\"></span>oth Bank<span class=\"_ _6\"></span>s apply an economic value at risk approach as w<span class=\"_ _6\"></span>ell as an earnings at risk approach for in<span class=\"_ _6\"></span>teres<span class=\"_ _6\"></span>t rate risk and basis risk<span class=\"_ _6\"></span>. The inter<span class=\"_ _6\"></span>est rat<span class=\"_ _6\"></span>e sensitivity is impacted by behaviour<span class=\"_ _6\"></span>al assumptions used by the Group; the most signi\ufb01c<span class=\"_ _6\"></span>ant of which ar<span class=\"_ _6\"></span>e prepayments and pipeline t<span class=\"_ _6\"></span>ak<span class=\"_ _6\"></span>e up. Expected prepayment<span class=\"_ _6\"></span>s are monitored and mo<span class=\"_ _6\"></span>delled on a regular basis based upon his<span class=\"_ _6\"></span>torical analysis. The r<span class=\"_ _6\"></span>eserve allocation str<span class=\"_ _6\"></span>ategy is appro<span class=\"_ _6\"></span>ved by AL<span class=\"_ _8\"></span>CO and set to re<span class=\"_ _6\"></span>\ufb02ect the current balance sheet and future plans<span class=\"_ _8\"></span>.<span class=\"_ _383\"> </span>Inter<span class=\"_ _1\"></span>es<span class=\"_ _1\"></span>t rate ris<span class=\"_ _1\"></span>k<span class=\"ff5 lsd4 ws46\"> continue<span class=\"_ _1\"></span>d<span class=\"_ _383\"> </span></span>Economic value at risk is measur<span class=\"_ _6\"></span><span class=\"_ _383\">ed using the impact of six differ</span><span class=\"_ _6\"></span>ent internally deriv<span class=\"_ _8\"></span>ed interest r<span class=\"_ _6\"></span>ate scenarios. The in<span class=\"_ _6\"></span>ternal scenarios are de\ufb01ned by AL<span class=\"_ _8\"></span>CO and are based on three \u2018<span class=\"_ _8\"></span>shapes<span class=\"_ _6\"></span>\u2019 of curve mo<span class=\"_ _6\"></span>vement (shift, twist and \ufb02e<span class=\"_ _6\"></span>x). Historical dat<span class=\"_ _6\"></span>a is used to calibrat<span class=\"_ _6\"></span>e the sev<span class=\"_ _6\"></span>erity of the scenarios to the Group<span class=\"_ _8\"></span>\u2019<span class=\"_ _8\"></span>s risk appetite. The Board has set limits on in<span class=\"_ _6\"></span>teres<span class=\"_ _6\"></span>t rate risk e<span class=\"_ _6\"></span>xposure of 2.2<span class=\"_ _6\"></span>5% and 1% of CET1 for O<span class=\"_ _6\"></span>SB and CCFS<span class=\"_ _6\"></span>, respectiv<span class=\"_ _6\"></span>ely. The table below sho<span class=\"_ _8\"></span>ws the maximum decreases to net interes<span class=\"_ _6\"></span>t income under these scenarios after taking into account the derivativ<span class=\"_ _6\"></span>es:<span class=\"_ _383\"> </span>2022<span class=\"_ _383\"> </span>\u00a3m<span class=\"_ _383\"> </span>2021<span class=\"_ _383\"> </span>\u00a3m<span class=\"_ _383\"> </span>OSB<span class=\"_ _32d\"> </span><span class=\"ff2 ls14 ws11\">13.5<span class=\"_ _90\"> </span></span><span class=\"lsf8 wsfd\">9.<span class=\"_ _1\"></span>9<span class=\"_ _383\"> </span></span>CCFS<span class=\"_ _282\"> </span><span class=\"ff2 lsc5 wsc4\">1.9<span class=\"_ _20e\"> </span></span><span class=\"lsed wsf2\">1.1</span> <span class=\"_ _32e\"> </span><span class=\"ff2 ls81 wsdf\">15<span class=\"_ _1\"></span>.4<span class=\"_ _1c2\"> </span></span><span class=\"lsc7 ws7f\">11.0<span class=\"_ _383\"> </span></span>Exposure for earnings at risk as at 3<span class=\"_ _6\"></span>1 December 2022 is measured by the impact of a +/-<span class=\"_ _8\"></span>100bps parallel shift in interest r<span class=\"_ _6\"></span>ates on the expect<span class=\"_ _6\"></span>ed pro\ufb01tability o<span class=\"_ _6\"></span>f the Group in the next 12 mon<span class=\"_ _6\"></span>ths. The risk appetit<span class=\"_ _6\"></span>e limit is 4% of full year net int<span class=\"_ _6\"></span>erest income<span class=\"_ _6\"></span>. The table below sho<span class=\"_ _8\"></span>ws the maximum<span class=\"_ _1\"></span> decreases after taking into account the deriv<span class=\"_ _6\"></span>atives:<span class=\"_ _383\"> </span>2022<span class=\"_ _383\"> </span>\u00a3m<span class=\"_ _383\"> </span>2021<span class=\"_ _383\"> </span>\u00a3m<span class=\"_ _383\"> </span>OSB1<span class=\"_ _383\"> </span>7.<span class=\"_ _2\"></span>5<span class=\"_ _8b\"> </span><span class=\"ff1 ls9f wsbc\">0.5<span class=\"_ _383\"> </span></span>CCFS1,2<span class=\"_ _383\"> </span>8.8<span class=\"_ _1b4\"> </span><span class=\"ff1 lsd7 wsd7\">(<span class=\"_ _1\"></span>0<span class=\"_ _1\"></span>.4<span class=\"_ _1\"></span>)</span> <span class=\"_ _32e\"> </span><span class=\"ff2 ls12 wsf\">16.3<span class=\"_ _ca\"> </span></span><span class=\"lsed wsf2\">0<span class=\"_ _1\"></span>.1<span class=\"_ _383\"> </span></span>1. <span class=\"_ _41\"> </span> <span class=\"_ _23\"></span>E<span class=\"_ _1\"></span>xp<span class=\"_ _1\"></span>os<span class=\"_ _1\"></span>ur<span class=\"_ _1\"></span>e fo<span class=\"_ _1\"></span>r ea<span class=\"_ _1\"></span>rni<span class=\"_ _1\"></span>ng<span class=\"_ _1\"></span>s at ri<span class=\"_ _1\"></span>sk a<span class=\"_ _1\"></span>s at 31 D<span class=\"_ _1\"></span>e<span class=\"_ _1\"></span>ce<span class=\"_ _1\"></span>mb<span class=\"_ _1\"></span>er 20<span class=\"_ _1\"></span>21 wa<span class=\"_ _1\"></span>s m<span class=\"_ _1\"></span>ea<span class=\"_ _1\"></span>su<span class=\"_ _1\"></span>re<span class=\"_ _1\"></span>d by th<span class=\"_ _1\"></span>e im<span class=\"_ _1\"></span>pa<span class=\"_ _1\"></span>ct o<span class=\"_ _1\"></span>f a +/<span class=\"_ _8\"></span>-5<span class=\"_ _1\"></span>0b<span class=\"_ _1\"></span>ps p<span class=\"_ _1\"></span>ar<span class=\"_ _1\"></span>all<span class=\"_ _1\"></span>el s<span class=\"_ _1\"></span>hi<span class=\"_ _1\"></span>f<span class=\"_ _1\"></span>t in int<span class=\"_ _1\"></span>er<span class=\"_ _1\"></span>es<span class=\"_ _1\"></span>t rat<span class=\"_ _1\"></span>es o<span class=\"_ _1\"></span>n th<span class=\"_ _1\"></span>e exp<span class=\"_ _1\"></span>ec<span class=\"_ _1\"></span>te<span class=\"_ _1\"></span>d pr<span class=\"_ _1\"></span>o\ufb01t<span class=\"_ _1\"></span>abi<span class=\"_ _1\"></span>lity o<span class=\"_ _1\"></span>f th<span class=\"_ _1\"></span>e Gro<span class=\"_ _1\"></span>up i<span class=\"_ _1\"></span>n the n<span class=\"_ _1\"></span>ex<span class=\"_ _1\"></span>t 12 mo<span class=\"_ _1\"></span>nth<span class=\"_ _1\"></span>s. T<span class=\"_ _1\"></span>he r<span class=\"_ _1\"></span>is<span class=\"_ _1\"></span>k app<span class=\"_ _1\"></span>et<span class=\"_ _1\"></span>ite l<span class=\"_ _1\"></span>imi<span class=\"_ _1\"></span>t was 2<span class=\"_ _1\"></span>% of f<span class=\"_ _1\"></span>ull y<span class=\"_ _1\"></span>e<span class=\"_ _1\"></span>ar ne<span class=\"_ _1\"></span>t int<span class=\"_ _1\"></span>er<span class=\"_ _1\"></span>es<span class=\"_ _1\"></span>t in<span class=\"_ _1\"></span>co<span class=\"_ _1\"></span>me<span class=\"_ _1\"></span>.<span class=\"_ _383\"> </span>2. <span class=\"_ _34\"> </span>In<span class=\"_ _1\"></span>cr<span class=\"_ _1\"></span>ea<span class=\"_ _1\"></span>se<span class=\"_ _1\"></span>s fo<span class=\"_ _1\"></span>r CC<span class=\"_ _1\"></span>FS 202<span class=\"_ _1\"></span>1 du<span class=\"_ _1\"></span>e to pr<span class=\"_ _1\"></span>od<span class=\"_ _1\"></span>uc<span class=\"_ _1\"></span>t \ufb02o<span class=\"_ _1\"></span>or<span class=\"_ _1\"></span>s ea<span class=\"_ _1\"></span>rn<span class=\"_ _1\"></span>ing<span class=\"_ _1\"></span>s in<span class=\"_ _1\"></span>cr<span class=\"_ _1\"></span>ea<span class=\"_ _1\"></span>se<span class=\"_ _1\"></span>s in b<span class=\"_ _1\"></span>oth t<span class=\"_ _1\"></span>he +5<span class=\"_ _1\"></span>0b<span class=\"_ _1\"></span>p<span class=\"_ _1\"></span>s and -<span class=\"_ _1\"></span>50<span class=\"_ _1\"></span>bp<span class=\"_ _1\"></span>s sc<span class=\"_ _1\"></span>e<span class=\"_ _1\"></span>nar<span class=\"_ _1\"></span>io<span class=\"_ _1\"></span>s.<span class=\"_ _383\"> </span>Exposure for earnings at risk me<span class=\"_ _6\"></span>asured by the impact of a +/-<span class=\"_ _6\"></span>100bps parallel shift in int<span class=\"_ _6\"></span>erest r<span class=\"_ _6\"></span>ates on the expecte<span class=\"_ _6\"></span>d pro\ufb01tability o<span class=\"_ _6\"></span>f the Group in the next 3 year<span class=\"_ _6\"></span>s. The risk appetite limit is 4% o<span class=\"_ _6\"></span>f full year net inter<span class=\"_ _6\"></span>est income.<span class=\"_ _383\"> </span>2022<span class=\"_ _383\"> </span>\u00a3m<span class=\"_ _383\"> </span>20211<span class=\"_ _383\"> </span>\u00a3m<span class=\"_ _383\"> </span>OSB<span class=\"_ _243\"> </span><span class=\"ff2 lsc9 wsc9\">26.<span class=\"_ _1\"></span>2<span class=\"_ _1cc\"> </span></span><span class=\"ls2 ws2\">\u2013 </span>CCFS<span class=\"_ _277\"> </span><span class=\"ff2 lsc3 wsc2\">24<span class=\"_ _1\"></span>.1<span class=\"_ _d9\"> </span></span><span class=\"ls2 ws2\">\u2013 </span> <span class=\"_ _2d5\"> </span><span class=\"ff2 ls11 ws6e\">50.3<span class=\"_ _1cc\"> </span></span>\u2013 1. <span class=\"_ _41\"> </span>No<span class=\"_ _1\"></span>t me<span class=\"_ _1\"></span>as<span class=\"_ _1\"></span>ur<span class=\"_ _1\"></span>ed d<span class=\"_ _1\"></span>uri<span class=\"_ _1\"></span>ng 20<span class=\"_ _1\"></span>21.<span class=\"_ _383\"> </span>The Group is also expose<span class=\"_ _6\"></span>d to basis risk. Basis risk is the risk of loss fr<span class=\"_ _6\"></span>om an adver<span class=\"_ _6\"></span>se diver<span class=\"_ _6\"></span>gence in interes<span class=\"_ _6\"></span>t rates<span class=\"_ _6\"></span>. It arises where asset<span class=\"_ _6\"></span>s and liabilities <span class=\"_ _383\">reprice from diff</span><span class=\"_ _6\"></span>erent variable r<span class=\"_ _8\"></span>ate indices. These indices may be mark<span class=\"_ _6\"></span>et rates (<span class=\"_ _8\"></span>e.g. bank base rate or SONIA) or adminis<span class=\"_ _6\"></span>tered (<span class=\"_ _8\"></span>e.g. the Group<span class=\"_ _8\"></span>\u2019<span class=\"_ _8\"></span>s<span class=\"_ _1\"></span> SVR<span class=\"_ _6\"></span>, other discretionary v<span class=\"_ _6\"></span>ariable rates<span class=\"_ _6\"></span>, or that received on c<span class=\"_ _6\"></span>all accounts with other bank<span class=\"_ _6\"></span>s).<span class=\"_ _383\"> </span>The Group measures basis risk using the impac<span class=\"_ _6\"></span>t of four scenarios on net int<span class=\"_ _6\"></span>erest income o<span class=\"_ _6\"></span>ver a one-year period including mo<span class=\"_ _6\"></span>vemen<span class=\"_ _6\"></span>ts such as diver<span class=\"_ _6\"></span>ging base, o<span class=\"_ _6\"></span>vernigh<span class=\"_ _6\"></span>t and term SONIA rates<span class=\"_ _8\"></span>. Historical data is used to calibr<span class=\"_ _6\"></span>ate the sev<span class=\"_ _6\"></span>erity of the scenarios to the Group<span class=\"_ _8\"></span>\u2019<span class=\"_ _8\"></span>s risk appetite. The Board has set a limit on basis risk e<span class=\"_ _6\"></span>xposure of 2.<span class=\"_ _8\"></span>5% of full year net interes<span class=\"_ _6\"></span>t income. The table belo<span class=\"_ _6\"></span>w shows the maximum decr<span class=\"_ _6\"></span>eases to net inter<span class=\"_ _6\"></span>est income at 31 December 2022 and 2021:<span class=\"_ _383\"> </span>2022<span class=\"_ _383\"> </span>\u00a3m<span class=\"_ _383\"> </span>2021<span class=\"_ _383\"> </span>\u00a3m<span class=\"_ _383\"> </span>OSB<span class=\"_ _2de\"> </span><span class=\"ff2 ls7d wse2\">5.8<span class=\"_ _15e\"> </span></span><span class=\"ls2c ws29\">3.2<span class=\"_ _383\"> </span></span>CCFS<span class=\"_ _32f\"> </span><span class=\"ff2\">4.5<span class=\"_ _15e\"> </span></span><span class=\"lsd3 ws86\">3.8</span> <span class=\"_ _2c1\"> </span><span class=\"ff2 ls11 ws6e\">10.3<span class=\"_ _90\"> </span></span><span class=\"lsc8 wsc8\">7.<span class=\"_ _0\"></span>0<span class=\"_ _383\"> </span></span>Foreign e<span class=\"_ _6\"></span>xchange<span class=\"_ _6\"></span> rate risk<span class=\"_ _383\"> </span>The Group has limited e<span class=\"_ _6\"></span>xposure to for<span class=\"_ _6\"></span>eign ex<span class=\"_ _6\"></span>change risk in respect of its Indian oper<span class=\"_ _6\"></span>ations. A 5% incr<span class=\"_ _6\"></span>ease in ex<span class=\"_ _6\"></span>change rates w<span class=\"_ _6\"></span>ould result in a \u00a30<span class=\"_ _6\"></span>.7<span class=\"_ _8\"></span>m (2021: \u00a30<span class=\"_ _8\"></span>.<span class=\"_ _8\"></span><span class=\"_ _383\">4m) effect in pro\ufb01t or loss and \u00a30</span><span class=\"_ _8\"></span>.5m (2<span class=\"_ _6\"></span>021: \u00a30<span class=\"_ _6\"></span>.5m) in equity.<span class=\"_ _383\"> </span>Structured entities<span class=\"_ _383\"> </span>The structur<span class=\"_ _6\"></span>ed entities consolidated within the Group at 3<span class=\"_ _6\"></span>1 December 2022 were Can<span class=\"_ _6\"></span>terbury Finance No.2 plc<span class=\"_ _6\"></span>, Canterbury Finance No<span class=\"_ _6\"></span>.3 plc, Canterbury Finance No<span class=\"_ _6\"></span>.<span class=\"_ _8\"></span>4 plc, Cant<span class=\"_ _6\"></span>erbury Finance No.<span class=\"_ _6\"></span>5 plc and CMF 2020-<span class=\"_ _8\"></span>1 plc. These entities hold legal title to a pool of mortgages which are used as a security for issued debt. The tr<span class=\"_ _6\"></span>ansfer of mortgages fails derecognition criteria because the Gr<span class=\"_ _6\"></span>oup retained the subor<span class=\"_ _6\"></span>dinated notes and residual certi\ufb01cates issued and as such did not transf<span class=\"_ _6\"></span>er substan<span class=\"_ _6\"></span>tially the risks and r<span class=\"_ _6\"></span>ew<span class=\"_ _6\"></span>ards o<span class=\"_ _6\"></span>f owner<span class=\"_ _6\"></span>ship of the securitised mortgages. There<span class=\"_ _6\"></span>fore<span class=\"_ _6\"></span>, the Group is expose<span class=\"_ _6\"></span>d to credit, int<span class=\"_ _6\"></span>erest r<span class=\"_ _6\"></span>ate and other risk<span class=\"_ _8\"></span>s on the se<span class=\"_ _1\"></span>curitised mortgages. Cash \ufb02ows gener<span class=\"_ _8\"></span>ated from the structured en<span class=\"_ _6\"></span>tities are ring-<span class=\"_ _6\"></span>fenced and are used to pay in<span class=\"_ _6\"></span>teres<span class=\"_ _6\"></span>t and principal of the issued debt securities in a waterfall or<span class=\"_ _8\"></span>der ac<span class=\"_ _1\"></span>cording to the seniority of the bonds<span class=\"_ _8\"></span>. The structured entities ar<span class=\"_ _6\"></span>e self-funded and the Group is no<span class=\"_ _6\"></span>t contractually or cons<span class=\"_ _6\"></span>tructively obliged to pro<span class=\"_ _6\"></span>vide further liquidity or \ufb01nancial suppor<span class=\"_ _1\"></span>t. The structur<span class=\"_ _6\"></span>ed entities consolidated within the Group at 3<span class=\"_ _6\"></span>1 December 2021 were Can<span class=\"_ _6\"></span>terbury Finance No.2 plc<span class=\"_ _6\"></span>, Canterbury Finance No<span class=\"_ _6\"></span>.3 plc, Canterbury Finance No<span class=\"_ _6\"></span>.<span class=\"_ _8\"></span>4 plc and CMF 2020-<span class=\"_ _8\"></span>1 plc.<span class=\"_ _383\"> </span>Unconsolid<span class=\"_ _6\"></span>ated stru<span class=\"_ _6\"></span>ctured en<span class=\"_ _6\"></span>tities<span class=\"_ _383\"> </span>Structured en<span class=\"_ _6\"></span>tities, which w<span class=\"_ _8\"></span>ere sponsored by the Group include Precise Mortgage Funding 2017<span class=\"_ _1f6\"></span>-1B plc, Charter Mortgage Funding 2017<span class=\"_ _8\"></span>-1 plc<span class=\"_ _6\"></span>, Precise Mortgage Funding 2018-<span class=\"_ _6\"></span>1B plc, Charter Mortgage Funding 2018-1 plc<span class=\"_ _6\"></span>, Precise Mortgage Funding 2019-<span class=\"_ _8\"></span>1B plc, Canterbury Finance No.<span class=\"_ _8\"></span>1 plc and Precise Mortgage Funding 2020-<span class=\"_ _6\"></span>1B plc.<span class=\"_ _383\"> </span>These structur<span class=\"_ _6\"></span>ed entities are not consolidate<span class=\"_ _6\"></span>d by the Group, as the Gr<span class=\"_ _6\"></span>oup does not control the entities and is no<span class=\"_ _6\"></span>t exposed to the risk<span class=\"_ _8\"></span>s and rewar<span class=\"_ _8\"></span>ds<span class=\"_ _1\"></span> of owner<span class=\"_ _6\"></span>ship from the securitised mortgages. The Gr<span class=\"_ _6\"></span>oup has no contrac<span class=\"_ _6\"></span>tual arrangement<span class=\"_ _6\"></span>s with the unconsolidated structure<span class=\"_ _6\"></span>d entities other than the inv<span class=\"_ _6\"></span>estment<span class=\"_ _6\"></span>s disclosed in note 19 and servicing the structured en<span class=\"_ _6\"></span>tities<span class=\"_ _8\"></span>\u2019 mor<span class=\"_ _1\"></span>tgage portfolios. The Group has not pr<span class=\"_ _6\"></span>ovided any support to the unconsolidated structur<span class=\"_ _6\"></span>ed entities lis<span class=\"_ _6\"></span>ted and has no obligation or inten<span class=\"_ _6\"></span>tion to do so.<span class=\"_ _383\"> </span>During 2022 the Group r<span class=\"_ _6\"></span>eceived \u00a32.6m in<span class=\"_ _6\"></span>teres<span class=\"_ _6\"></span>t income (2021: \u00a31.8m) and \u00a34<span class=\"_ _8\"></span>.3m servicing income (2021: \u00a34<span class=\"_ _8\"></span>.<span class=\"_ _8\"></span>4m) from unconsolidated <span class=\"ls2\"> </span>structur<span class=\"_ _6\"></span>ed entities<span class=\"_ _383\"> </span>",
   "dimensions": {
    "concept": "ifrs-full:DisclosureOfFinancialRiskManagementExplanatory",
    "language": "en",
    "entity": "scheme:213800ZBKL9BHSL2K459",
    "period": "2022-01-01T00:00:00/2023-01-01T00:00:00"
   }
  },
  "fact-582": {
   "value": "Cre<span class=\"_ _1\"></span>dit ri<span class=\"_ _1\"></span>sk<span class=\"_ _383\"> </span>Credit risk is the risk that losses may arise as a result o<span class=\"_ _6\"></span>f the Group<span class=\"_ _8\"></span>\u2019<span class=\"_ _6\"></span>s borro<span class=\"_ _6\"></span>wer<span class=\"_ _6\"></span>s or mark<span class=\"_ _6\"></span>et counterparties failing to meet their obligations to r<span class=\"_ _6\"></span>epay.<span class=\"_ _383\"> </span>The Group has adopted the S<span class=\"_ _6\"></span>tandardised Appr<span class=\"_ _6\"></span>oach for assessment o<span class=\"_ _6\"></span>f credit risk re<span class=\"_ _6\"></span>gulatory capital requir<span class=\"_ _6\"></span>ements<span class=\"_ _6\"></span>. This approach considers risk weigh<span class=\"_ _6\"></span>tings as de\ufb01ned under Basel II and Basel III principles.<span class=\"_ _383\"> </span>The classes of \ufb01nancial instrumen<span class=\"_ _6\"></span>ts to which the Group is mos<span class=\"_ _6\"></span>t exposed ar<span class=\"_ _6\"></span>e loans and advances to customer<span class=\"_ _6\"></span>s, lo<span class=\"_ _6\"></span>ans and advances to credit institutions<span class=\"_ _6\"></span>, cash in the BoE call account, call and current account<span class=\"_ _6\"></span>s with other credit ins<span class=\"_ _6\"></span>titutions and inv<span class=\"_ _6\"></span>estment securities<span class=\"_ _6\"></span>. The maximum credit risk exposure e<span class=\"_ _6\"></span>quals the total carrying amount o<span class=\"_ _6\"></span>f the abov<span class=\"_ _6\"></span><span class=\"_ _383\">e categories plus off-balance sheet undra</span><span class=\"_ _6\"></span>wn committed mortgage facilities.<span class=\"_ _383\"> </span>The change, during the period and cumulativ<span class=\"_ _6\"></span>ely, in the fair value o<span class=\"_ _6\"></span>f inves<span class=\"_ _6\"></span>tments in debt securities and loans and adv<span class=\"_ _6\"></span>ances to customer<span class=\"_ _6\"></span>s at FVOCI and FV<span class=\"_ _1\"></span>TPL that is attributable to changes in cre<span class=\"_ _6\"></span>dit risk is not material.<span class=\"_ _383\"> </span>Cre<span class=\"_ _1\"></span>dit risk \u2013 l<span class=\"_ _1\"></span>oans a<span class=\"_ _1\"></span>nd ad<span class=\"_ _1\"></span>vance<span class=\"_ _1\"></span>s to cu<span class=\"_ _1\"></span>stom<span class=\"_ _1\"></span>er<span class=\"_ _1\"></span>s<span class=\"_ _383\"> </span>Credit risk associated with mortgage lending is largely driv<span class=\"_ _6\"></span>en by the housing mark<span class=\"_ _8\"></span>et and level of unemploymen<span class=\"_ _6\"></span>t. A recession and/<span class=\"_ _1f6\"></span>or high inter<span class=\"_ _6\"></span>est rates could cause pr<span class=\"_ _6\"></span>essure within the mark<span class=\"_ _8\"></span>et, resulting in rising lev<span class=\"_ _6\"></span>els of arrear<span class=\"_ _6\"></span>s and repossessions<span class=\"_ _6\"></span>.<span class=\"_ _383\"> </span>All loan applications are assessed with r<span class=\"_ _6\"></span>efer<span class=\"_ _6\"></span>ence to the Group<span class=\"_ _8\"></span>\u2019<span class=\"_ _6\"></span>s Lending Policy. Changes to the policy ar<span class=\"_ _6\"></span>e appro<span class=\"_ _6\"></span>ved by the Gr<span class=\"_ _6\"></span>oup Risk Committee, with mandates set f<span class=\"_ _6\"></span>or the approv<span class=\"_ _6\"></span>al of loan applications<span class=\"_ _6\"></span>.<span class=\"_ _383\"> </span>The Group Credit Committee and AL<span class=\"_ _8\"></span>CO regularly monitor lending activity, t<span class=\"_ _6\"></span>aking appropriate actions to r<span class=\"_ _6\"></span>eprice products and adjus<span class=\"_ _6\"></span>t lending criteria in order t<span class=\"_ _6\"></span>o control risk and manage exposur<span class=\"_ _6\"></span>e. Wher<span class=\"_ _6\"></span>e necessary and appropriate, changes t<span class=\"_ _6\"></span>o the Lending Policy are r<span class=\"_ _6\"></span>ecommended to the Group Risk Committee.<span class=\"_ _383\"> </span>The following t<span class=\"_ _6\"></span>ables show the Gr<span class=\"_ _6\"></span>oup<span class=\"_ _6\"></span>\u2019<span class=\"_ _8\"></span>s maximum exposure to cr<span class=\"_ _6\"></span>edit risk and the impact of collater<span class=\"_ _6\"></span>al held as security, capped at the gross exposur<span class=\"_ _6\"></span>e amount, by impairment s<span class=\"_ _6\"></span>tage. Cappe<span class=\"_ _6\"></span>d collateral ex<span class=\"_ _6\"></span>cludes the impact of for<span class=\"_ _6\"></span>ced sale discounts and costs t<span class=\"_ _6\"></span>o sell. The collateral value is det<span class=\"_ _6\"></span>ermined by indexing against House Price Inde<span class=\"_ _6\"></span>x data.<span class=\"_ _383\"> </span>2022<span class=\"_ _383\"> </span>OSB<span class=\"_ _a0\"> </span><span class=\"ls62 ws187\">CCFS<span class=\"_ _a8\"> </span><span class=\"lsc2 wsc1\">Tot<span class=\"_ _2\"></span>a<span class=\"_ _1\"></span>l<span class=\"_ _383\"> </span></span></span>Gross carrying amount<span class=\"_ _383\"> </span>\u00a3m<span class=\"_ _383\"> </span>Capped collateral held<span class=\"_ _383\"> </span>\u00a3m<span class=\"_ _383\"> </span>Gross carrying amount<span class=\"_ _383\"> </span>\u00a3m<span class=\"_ _383\"> </span>Capped collateral held<span class=\"_ _383\"> </span>\u00a3m<span class=\"_ _383\"> </span>Gross carrying amount<span class=\"_ _383\"> </span>\u00a3m<span class=\"_ _383\"> </span>Capped collateral held<span class=\"_ _383\"> </span>\u00a3m<span class=\"_ _383\"> </span>Stage 1<span class=\"_ _29\"> </span><span class=\"ff2 ls79 wse8\">10,3<span class=\"_ _1\"></span>46.8<span class=\"_ _202\"> </span><span class=\"ls81 wsdf\">1<span class=\"_ _1\"></span>0<span class=\"_ _1\"></span>,<span class=\"_ _1\"></span>3<span class=\"_ _1\"></span>2<span class=\"_ _1\"></span>0.4<span class=\"_ _66\"> </span><span class=\"lsf9 ws82\">8,375.5<span class=\"_ _6c\"> </span>8,374<span class=\"_ _6\"></span>.4<span class=\"_ _202\"> </span><span class=\"ls33 ws30\">1<span class=\"_ _1\"></span>8<span class=\"_ _1\"></span>,72<span class=\"_ _1\"></span>2<span class=\"_ _1\"></span>.<span class=\"_ _1\"></span>3<span class=\"_ _67\"> </span><span class=\"ls11 ws6e\">18,69<span class=\"_ _1\"></span>4.8<span class=\"_ _383\"> </span></span></span></span></span></span>Stage 2<span class=\"_ _383\"> </span>1<span class=\"_ _383\"> </span>2<span class=\"_ _2\"></span>,<span class=\"_ _2\"></span>5<span class=\"_ _1\"></span>0<span class=\"_ _2\"></span>9.<span class=\"_ _2\"></span>7<span class=\"_ _89\"> </span><span class=\"ls2c ws29\">2,508.5<span class=\"_ _40\"> </span><span class=\"lsc4 wsc3\">1<span class=\"_ _0\"></span>,<span class=\"_ _1\"></span>9<span class=\"_ _0\"> </span>0<span class=\"_ _0\"></span>7.<span class=\"_ _2\"></span>4<span class=\"_ _7d\"> </span>1<span class=\"_ _0\"></span>,<span class=\"_ _1\"></span>9<span class=\"_ _0\"> </span>0<span class=\"_ _0\"></span>7.<span class=\"_ _1\"></span>1<span class=\"_ _122\"> </span>4<span class=\"_ _2\"></span>,<span class=\"_ _2\"></span>4<span class=\"_ _2\"></span>1<span class=\"_ _2\"></span>7.<span class=\"_ _2\"></span>1<span class=\"_ _40\"> </span><span class=\"lse0 wse0\">4,41<span class=\"_ _1\"></span>5<span class=\"_ _1\"></span>.<span class=\"_ _1\"></span>6<span class=\"_ _383\"> </span></span></span></span>Stage 3<span class=\"_ _d1\"> </span><span class=\"ff2 lsc6 wsc5\">3<span class=\"_ _2\"></span>4<span class=\"_ _2\"></span>9.<span class=\"_ _1\"></span>7<span class=\"_ _18d\"> </span>3<span class=\"_ _2\"></span>1<span class=\"_ _1\"></span>9.<span class=\"_ _0\"></span>2<span class=\"_ _5a\"> </span><span class=\"ls7e ws16\">15<span class=\"_ _1\"></span>6.0<span class=\"_ _a9\"> </span>1<span class=\"_ _1\"></span>56.0<span class=\"_ _98\"> </span><span class=\"lscd wsce\">505<span class=\"_ _1\"></span>.7<span class=\"_ _98\"> </span><span class=\"lsca wsca\">47<span class=\"_ _1\"></span>5<span class=\"_ _1\"></span>.<span class=\"_ _2\"></span>2<span class=\"_ _383\"> </span></span></span></span></span>Stage 3 (POCI)<span class=\"_ _291\"> </span><span class=\"ff2 ls6f ws75\">38.5<span class=\"_ _55\"> </span><span class=\"lsc4 wsc3\">3<span class=\"_ _2\"></span>7.<span class=\"_ _0\"></span>5<span class=\"_ _96\"> </span><span class=\"ls11 ws6e\">44.5<span class=\"_ _93\"> </span><span class=\"ls81 wsdf\">4<span class=\"_ _1\"></span>4<span class=\"_ _1\"></span>.4<span class=\"_ _93\"> </span><span class=\"ls7e ws16\">83.0<span class=\"_ _4f\"> </span><span class=\"ls14 ws11\">81.9</span></span></span></span></span></span> <span class=\"_ _2a8\"> </span><span class=\"ff2 ls14 ws11\">13,2<span class=\"_ _1\"></span>44.7<span class=\"_ _aa\"> </span>13<span class=\"_ _1\"></span>,<span class=\"_ _6\"></span>185.6<span class=\"_ _1fe\"> </span><span class=\"ls81 wsdf\">1<span class=\"_ _1\"></span>0,<span class=\"_ _1\"></span>48<span class=\"_ _2\"></span>3.4<span class=\"_ _88\"> </span></span>10,481.<span class=\"_ _6\"></span>9<span class=\"_ _67\"> </span><span class=\"lsc3 wsc2\">2<span class=\"_ _2\"></span>3<span class=\"_ _1\"></span>,<span class=\"_ _2\"></span>72<span class=\"_ _2\"></span>8<span class=\"_ _1\"></span>.1<span class=\"_ _1fe\"> </span><span class=\"lsc4 wsc3\">2<span class=\"_ _0\"> </span>3<span class=\"_ _0\"> </span>,<span class=\"_ _0\"> </span>6<span class=\"_ _0\"> </span>6<span class=\"_ _2\"></span>7.<span class=\"_ _0\"></span>5<span class=\"_ _383\"> </span></span></span></span>1. <span class=\"_ _41\"> </span>Fo<span class=\"_ _1\"></span>r fur<span class=\"_ _1\"></span>t<span class=\"_ _1\"></span>he<span class=\"_ _1\"></span>r de<span class=\"_ _1\"></span>tai<span class=\"_ _1\"></span>l re<span class=\"_ _1\"></span>lat<span class=\"_ _1\"></span>ing t<span class=\"_ _1\"></span>o mov<span class=\"_ _1\"></span>em<span class=\"_ _1\"></span>en<span class=\"_ _1\"></span>ts b<span class=\"_ _1\"></span>y sta<span class=\"_ _1\"></span>ge s<span class=\"_ _1\"></span>e<span class=\"_ _1\"></span>e Ris<span class=\"_ _1\"></span>k re<span class=\"_ _1\"></span>vi<span class=\"_ _1\"></span>ew o<span class=\"_ _1\"></span>n pa<span class=\"_ _1\"></span>ge<span class=\"_ _1\"></span>s 52-<span class=\"_ _8\"></span>7<span class=\"_ _1\"></span>5.<span class=\"_ _383\"> </span>2021<span class=\"_ _383\"> </span>OSB<span class=\"_ _2f6\"> </span><span class=\"lse ws71\">CCFS<span class=\"_ _2f7\"> </span><span class=\"lse1 wse5\">To<span class=\"_ _1\"></span>t<span class=\"_ _2\"></span>a<span class=\"_ _1\"></span>l<span class=\"_ _383\"> </span></span></span>Gross carrying amount<span class=\"_ _383\"> </span>\u00a3m<span class=\"_ _383\"> </span>Capped collateral held<span class=\"_ _383\"> </span>\u00a3m<span class=\"_ _383\"> </span>Gross carrying amount<span class=\"_ _383\"> </span>\u00a3m<span class=\"_ _383\"> </span>Capped collateral held<span class=\"_ _383\"> </span>\u00a3m<span class=\"_ _383\"> </span>Gross carrying amount<span class=\"_ _383\"> </span>\u00a3m<span class=\"_ _383\"> </span>Capped collateral held<span class=\"_ _383\"> </span>\u00a3m<span class=\"_ _383\"> </span>Stage 1<span class=\"_ _2b3\"> </span><span class=\"lse3 wse7\">10,502<span class=\"_ _1\"></span>.7<span class=\"_ _6e\"> </span><span class=\"lsee wsf3\">1<span class=\"_ _2\"></span>0<span class=\"_ _1\"></span>,47<span class=\"_ _1\"></span>8<span class=\"_ _2\"></span>.1<span class=\"_ _a1\"> </span><span class=\"lsc8 wsc8\">7,<span class=\"_ _0\"></span>6<span class=\"_ _0\"> </span>8<span class=\"_ _3\"> </span>5<span class=\"_ _0\"></span>.<span class=\"_ _2\"></span>7<span class=\"_ _76\"> </span>7,<span class=\"_ _0\"></span>6<span class=\"_ _0\"></span>8<span class=\"_ _0\"></span>4<span class=\"_ _0\"></span>.<span class=\"_ _0\"></span>6<span class=\"_ _6e\"> </span><span class=\"ls14 ws11\">18,188.4<span class=\"_ _d\"> </span><span class=\"ls89 wscc\">1<span class=\"_ _1\"></span>8<span class=\"_ _1\"></span>,1<span class=\"_ _1\"></span>6<span class=\"_ _1\"></span>2<span class=\"_ _1\"></span>.<span class=\"_ _1\"></span>7<span class=\"_ _383\"> </span></span></span></span></span></span>Stage 2<span class=\"_ _2f8\"> </span><span class=\"ls89 wscc\">1,1<span class=\"_ _2\"></span>4<span class=\"_ _1\"></span>3<span class=\"_ _1\"></span>.<span class=\"_ _2\"></span>8<span class=\"_ _86\"> </span><span class=\"ls9f wsbc\">1,14<span class=\"_ _6\"></span>1.<span class=\"_ _6\"></span>9<span class=\"_ _76\"> </span><span class=\"lsf8 wsfd\">1<span class=\"_ _1\"></span>,<span class=\"_ _0\"></span>2<span class=\"_ _2\"></span>6<span class=\"_ _1\"></span>9.<span class=\"_ _2\"></span>8<span class=\"_ _7d\"> </span>1<span class=\"_ _2\"></span>,<span class=\"_ _0\"></span>2<span class=\"_ _1\"></span>6<span class=\"_ _2\"></span>9.<span class=\"_ _2\"></span>7<span class=\"_ _7f\"> </span><span class=\"lsd7 wsd7\">2<span class=\"_ _1\"></span>,41<span class=\"_ _1\"></span>3<span class=\"_ _2\"></span>.<span class=\"_ _1\"></span>6<span class=\"_ _83\"> </span>2<span class=\"_ _1\"></span>,41<span class=\"_ _1\"></span>1<span class=\"_ _1\"></span>.<span class=\"_ _2\"></span>6<span class=\"_ _383\"> </span></span></span></span></span>Stage 3<span class=\"_ _260\"> </span><span class=\"ls7a wsa1\">365.6<span class=\"_ _e8\"> </span><span class=\"lsc8 wsc8\">3<span class=\"_ _2\"></span>3<span class=\"_ _0\"></span>7.<span class=\"_ _2\"></span>9<span class=\"_ _63\"> </span><span class=\"lsf8 wsfd\">9<span class=\"_ _0\"></span>9.<span class=\"_ _1\"></span>1<span class=\"_ _63\"> </span>9<span class=\"_ _2\"></span>9.1<span class=\"_ _3d\"> </span><span class=\"ls88 wse3\">46<span class=\"_ _1\"></span>4.7<span class=\"_ _3d\"> </span></span></span>4<span class=\"_ _0\"></span>3<span class=\"_ _0\"></span>7.<span class=\"_ _0\"></span>0<span class=\"_ _383\"> </span></span></span>Stage 3 (POCI)<span class=\"_ _c3\"> </span><span class=\"ls79 wse8\">45.2<span class=\"_ _55\"> </span><span class=\"ls7a wsa1\">43.6<span class=\"_ _96\"> </span><span class=\"ls7e ws16\">52.<span class=\"_ _1\"></span>2<span class=\"_ _55\"> </span>52.2<span class=\"_ _37\"> </span><span class=\"lsc8 wsc8\">9<span class=\"_ _2\"></span>7.<span class=\"_ _2\"></span>4<span class=\"_ _4f\"> </span><span class=\"lscd wsce\">95.<span class=\"_ _1\"></span>8</span></span></span></span></span> <span class=\"_ _2f9\"> </span><span class=\"lsc8 wsc8\">1<span class=\"_ _2\"></span>2<span class=\"_ _0\"></span>,<span class=\"_ _0\"></span>0<span class=\"_ _0\"></span>5<span class=\"_ _0\"></span>7.<span class=\"_ _0\"></span>3<span class=\"_ _66\"> </span><span class=\"ls12 wsf\">12<span class=\"_ _1\"></span>,0<span class=\"_ _1\"></span>01<span class=\"_ _1\"></span>.5<span class=\"_ _76\"> </span><span class=\"lsf8 wsfd\">9,<span class=\"_ _1\"></span>1<span class=\"_ _2\"></span>0<span class=\"_ _2\"></span>6<span class=\"_ _2\"></span>.<span class=\"_ _2\"></span>8<span class=\"_ _73\"> </span><span class=\"ls7a wsa1\">9<span class=\"_ _8\"></span>,105.6<span class=\"_ _40\"> </span><span class=\"lsed wsf2\">2<span class=\"_ _1\"></span>1<span class=\"_ _1\"></span>,1<span class=\"_ _1\"></span>6<span class=\"_ _1\"></span>4<span class=\"_ _1\"></span>.1<span class=\"_ _76\"> </span><span class=\"lsc8 wsc8\">2<span class=\"_ _0\"></span>1<span class=\"_ _0\"></span>,<span class=\"_ _2\"></span>1<span class=\"_ _0\"></span>0<span class=\"_ _2\"></span>7.<span class=\"_ _2\"></span>1<span class=\"_ _383\"> </span></span></span></span></span></span></span>The Group<span class=\"_ _8\"></span>\u2019<span class=\"_ _6\"></span>s main form of collater<span class=\"_ _6\"></span>al held is property, based in the UK and the Channel Islands.<span class=\"_ _383\"> </span>The Group uses index<span class=\"_ _6\"></span>ed loan to value (L<span class=\"_ _1f6\"></span>TV<span class=\"_ _2\"></span>) ratios to assess the quality o<span class=\"_ _6\"></span>f the uncapped collateral held. Pr<span class=\"_ _6\"></span>operty values are updated to r<span class=\"_ _6\"></span>e\ufb02ect changes in the HPI. A break<span class=\"_ _8\"></span>down of loans and advances to cus<span class=\"_ _6\"></span>tomers by inde<span class=\"_ _6\"></span>xed L<span class=\"_ _1f6\"></span>T<span class=\"_ _1\"></span>V is as follow<span class=\"_ _6\"></span>s:<span class=\"_ _383\"> </span>2022<span class=\"_ _2dc\"> </span><span class=\"ff1\">2021<span class=\"_ _383\"> </span></span>OSB<span class=\"_ _383\"> </span>\u00a3m<span class=\"_ _383\"> </span>CCFS<span class=\"_ _383\"> </span>\u00a3m<span class=\"_ _383\"> </span>To<span class=\"_ _1\"></span>t<span class=\"_ _2\"></span>a<span class=\"_ _1\"></span>l<span class=\"_ _383\"> </span>\u00a3m<span class=\"_ _383\"> </span>%<span class=\"_ _383\"> </span>OSB<span class=\"_ _383\"> </span>\u00a3m<span class=\"_ _383\"> </span>CCFS<span class=\"_ _383\"> </span>\u00a3m<span class=\"_ _383\"> </span>To<span class=\"_ _1\"></span>t<span class=\"_ _2\"></span>a<span class=\"_ _1\"></span>l<span class=\"_ _383\"> </span>\u00a3m<span class=\"_ _1cc\"> </span><span class=\"ls2 ws2\">%<span class=\"_ _383\"> </span></span>Band<span class=\"_ _16f\"> </span><span class=\"ls2 ws2\"> <span class=\"_ _11a\"> </span> <span class=\"_ _11a\"> </span> <span class=\"_ _11a\"> </span> </span>0% \u2013 50%<span class=\"_ _171\"> </span><span class=\"ff2 ls9e ws98\">2<span class=\"_ _2\"></span>,<span class=\"_ _2\"></span>76<span class=\"_ _1\"></span>8<span class=\"_ _2\"></span>.<span class=\"_ _2\"></span>8<span class=\"_ _3e\"> </span><span class=\"ls11 ws6e\">9<span class=\"_ _1\"></span>14.7<span class=\"_ _6c\"> </span><span class=\"ls2 ws2\">3,683.5 <span class=\"_ _90\"> </span><span class=\"ls12 wsf\">16 <span class=\"_ _6c\"> </span></span></span></span></span><span class=\"lsf9 ws82\">2,293.3<span class=\"_ _a9\"> </span><span class=\"ls7c wsd0\">428<span class=\"_ _1\"></span>.<span class=\"_ _1\"></span>2<span class=\"_ _76\"> </span><span class=\"ls6f ws75\">2,721.5<span class=\"_ _20e\"> </span><span class=\"lscd wsce\">13 </span></span></span></span>50% \u2013 60%<span class=\"_ _1ac\"> </span><span class=\"ff2 lse5 wsea\">2<span class=\"_ _1\"></span>,<span class=\"_ _1\"></span>7<span class=\"_ _2\"></span>70.<span class=\"_ _1\"></span>7<span class=\"_ _7d\"> </span><span class=\"lsc3 wsc2\">1<span class=\"_ _1\"></span>,<span class=\"_ _1\"></span>3<span class=\"_ _2\"></span>61<span class=\"_ _1\"></span>.1<span class=\"_ _a1\"> </span><span class=\"ls14 ws11\">4,<span class=\"_ _6\"></span>131.8 <span class=\"_ _ca\"> </span><span class=\"ls12 wsf\">17 <span class=\"_ _121\"> </span><span class=\"ff1 ls7a wsa1\">1,935.3<span class=\"_ _3b\"> </span><span class=\"lsed wsf2\">49<span class=\"_ _1\"></span>0<span class=\"_ _1\"></span>.1<span class=\"_ _69\"> </span><span class=\"lsd7 wsd7\">2<span class=\"_ _1\"></span>,4<span class=\"_ _1\"></span>2<span class=\"_ _1\"></span>5<span class=\"_ _2\"></span>.4<span class=\"_ _18e\"> </span><span class=\"lsc7 ws7f\">11<span class=\"_ _1\"></span> </span></span></span></span></span></span></span></span>60% \u2013 7<span class=\"_ _6\"></span>0%<span class=\"_ _125\"> </span><span class=\"ff2 lsc4 wsc3\">4<span class=\"_ _2\"></span>,<span class=\"_ _0\"></span>6<span class=\"_ _0\"></span>4<span class=\"_ _2\"></span>7.<span class=\"_ _2\"></span>5<span class=\"_ _69\"> </span><span class=\"ls33 ws30\">3,<span class=\"_ _1\"></span>5<span class=\"_ _1\"></span>61.<span class=\"_ _1\"></span>7<span class=\"_ _89\"> </span><span class=\"ls2 ws2\">8<span class=\"_ _1\"></span>,209<span class=\"_ _6\"></span>.2 <span class=\"_ _53\"> </span>35 <span class=\"_ _69\"> </span><span class=\"ff1 lsf8 wsfd\">4<span class=\"_ _1\"></span>,<span class=\"_ _1\"></span>1<span class=\"_ _2\"></span>7<span class=\"_ _1\"></span>9.<span class=\"_ _2\"></span>0<span class=\"_ _83\"> </span><span class=\"ls9f wsbc\">1,<span class=\"_ _1\"></span>241.<span class=\"_ _8\"></span>9<span class=\"_ _40\"> </span><span class=\"ls86 wsf1\">5<span class=\"_ _1\"></span>,<span class=\"_ _1\"></span>42<span class=\"_ _2\"></span>0<span class=\"_ _1\"></span>.9<span class=\"_ _5e\"> </span><span class=\"ls1e ws43\">26 </span></span></span></span></span></span></span>7<span class=\"_ _6\"></span>0% \u2013 80%<span class=\"_ _123\"> </span><span class=\"ff2 lscd wsce\">2,<span class=\"_ _6\"></span>150.7<span class=\"_ _d\"> </span><span class=\"lsc4 wsc3\">4<span class=\"_ _2\"></span>,<span class=\"_ _3\"> </span>2<span class=\"_ _2\"></span>7<span class=\"_ _3\"> </span>7.<span class=\"_ _0\"></span>3<span class=\"_ _66\"> </span><span class=\"ls2 ws2\">6<span class=\"_ _1\"></span>,4<span class=\"_ _6\"></span>28.0 <span class=\"_ _53\"> </span><span class=\"lsc9 wsc9\">26 <span class=\"_ _6e\"> </span><span class=\"ff1 lsc8 wsc8\">2<span class=\"_ _0\"> </span>,<span class=\"_ _3\"> </span>8<span class=\"_ _0\"></span>8<span class=\"_ _2\"></span>7.<span class=\"_ _0\"></span>7<span class=\"_ _73\"> </span><span class=\"ls89 wscc\">6<span class=\"_ _1\"></span>,1<span class=\"_ _1\"></span>0<span class=\"_ _2\"></span>0<span class=\"_ _1\"></span>.<span class=\"_ _1\"></span>7<span class=\"_ _40\"> </span><span class=\"ls2c ws29\">8,<span class=\"_ _8\"></span>988.4<span class=\"_ _ce\"> </span><span class=\"ls2 ws2\">43 </span></span></span></span></span></span></span></span>80% \u2013 90%<span class=\"_ _2fa\"> </span><span class=\"ff2 ls1f ws1c\">548.3<span class=\"_ _98\"> </span><span class=\"lse3 wse7\">365.5<span class=\"_ _a9\"> </span><span class=\"ls2c ws29\">913.8 <span class=\"_ _20e\"> </span><span class=\"ls2 ws2\">4 <span class=\"_ _a9\"> </span></span></span></span></span><span class=\"lsc7 ws7f\">513<span class=\"_ _1\"></span>.<span class=\"_ _1\"></span>2<span class=\"_ _3e\"> </span><span class=\"lsd7 wsd7\">8<span class=\"_ _1\"></span>4<span class=\"_ _1\"></span>4<span class=\"_ _1\"></span>.4<span class=\"_ _7d\"> </span><span class=\"lsc8 wsc8\">1<span class=\"_ _0\"></span>,<span class=\"_ _0\"></span>3<span class=\"_ _0\"></span>5<span class=\"_ _2\"></span>7.<span class=\"_ _3\"> </span>6<span class=\"_ _118\"> </span></span></span></span><span class=\"ls2\">6 </span>90% \u2013 100%<span class=\"_ _2fa\"> </span><span class=\"ff2 ls14 ws11\">181.3<span class=\"_ _1c2\"> </span><span class=\"ls6f ws75\">2.5<span class=\"_ _a9\"> </span></span>183<span class=\"_ _1\"></span>.8 <span class=\"_ _116\"> </span><span class=\"ls2 ws2\">1 <span class=\"_ _96\"> </span></span></span><span class=\"lsc8 wsc8\">7<span class=\"_ _0\"></span>7.<span class=\"_ _0\"></span>8<span class=\"_ _23f\"> </span><span class=\"ls9f wsbc\">1.5<span class=\"_ _9c\"> </span><span class=\"lsf8 wsfd\">7<span class=\"_ _2\"></span>9.<span class=\"_ _2\"></span>3<span class=\"_ _35\"> </span></span></span></span><span class=\"ls2\">\u2013<span class=\"_ _383\"> </span></span>&gt;100%<span class=\"_ _2fb\"> </span><span class=\"ff2 lsc4 wsc3\">1<span class=\"_ _2\"></span>7<span class=\"_ _0\"> </span>7.<span class=\"_ _2\"></span>4<span class=\"_ _15e\"> </span></span><span class=\"ff2\">0.6<span class=\"_ _91\"> </span><span class=\"lscc wscd\">178<span class=\"_ _1\"></span>.0 <span class=\"_ _116\"> </span><span class=\"ls2 ws2\">1 <span class=\"_ _3b\"> </span></span></span></span><span class=\"ls38 ws35\">171.<span class=\"_ _1\"></span>0<span class=\"_ _d9\"> </span><span class=\"ls2 ws2\">\u2013<span class=\"_ _93\"> </span></span>17<span class=\"_ _1\"></span>1.<span class=\"_ _1\"></span>0<span class=\"_ _103\"> </span><span class=\"ls2 ws2\">1 </span></span>T<span class=\"_ _8\"></span>otal loans before provisions<span class=\"_ _10e\"> </span><span class=\"ls14 ws11\">13,<span class=\"_ _1\"></span>244.7<span class=\"_ _1fe\"> </span><span class=\"ls81 wsdf\">1<span class=\"_ _1\"></span>0,4<span class=\"_ _1\"></span>8<span class=\"_ _2\"></span>3.4<span class=\"_ _a6\"> </span><span class=\"lsc3 wsc2\">2<span class=\"_ _1\"></span>3<span class=\"_ _2\"></span>,<span class=\"_ _1\"></span>7<span class=\"_ _1\"></span>2<span class=\"_ _1\"></span>8<span class=\"_ _2\"></span>.1<span class=\"_ _1b4\"> </span><span class=\"lse3 wse7\">10<span class=\"_ _1\"></span>0<span class=\"_ _6c\"> </span><span class=\"ff1 lsc8 wsc8\">1<span class=\"_ _2\"></span>2<span class=\"_ _0\"></span>,<span class=\"_ _0\"></span>0<span class=\"_ _0\"></span>5<span class=\"_ _0\"></span>7.<span class=\"_ _0\"></span>3<span class=\"_ _7f\"> </span><span class=\"lsf8 wsfd\">9,1<span class=\"_ _2\"></span>0<span class=\"_ _2\"></span>6<span class=\"_ _2\"></span>.<span class=\"_ _2\"></span>8<span class=\"_ _a1\"> </span><span class=\"lsed wsf2\">2<span class=\"_ _1\"></span>1<span class=\"_ _1\"></span>,1<span class=\"_ _1\"></span>6<span class=\"_ _1\"></span>4.1<span class=\"_ _1c2\"> </span><span class=\"ls6f ws75\">100<span class=\"_ _383\"> </span></span></span></span></span></span></span></span></span>The table below sho<span class=\"_ _8\"></span>ws the L<span class=\"_ _8\"></span>T<span class=\"_ _1\"></span>V banding for the OSB segment<span class=\"_ _6\"></span>s<span class=\"_ _8\"></span>\u2019 two major lending streams: OSB<span class=\"_ _383\"> </span>2022<span class=\"_ _2dc\"> </span><span class=\"ff1\">2021<span class=\"_ _383\"> </span></span>BTL/SME<span class=\"_ _383\"> </span>\u00a3m<span class=\"_ _383\"> </span>Residential<span class=\"_ _383\"> </span>\u00a3m<span class=\"_ _383\"> </span>To<span class=\"_ _1\"></span>t<span class=\"_ _2\"></span>a<span class=\"_ _1\"></span>l<span class=\"_ _383\"> </span>\u00a3m<span class=\"_ _383\"> </span>%<span class=\"_ _383\"> </span>BTL/SME<span class=\"_ _383\"> </span>\u00a3m<span class=\"_ _383\"> </span>Residential<span class=\"_ _383\"> </span>\u00a3m<span class=\"_ _383\"> </span>To<span class=\"_ _1\"></span>t<span class=\"_ _2\"></span>a<span class=\"_ _1\"></span>l<span class=\"_ _383\"> </span>\u00a3m<span class=\"_ _383\"> </span>%<span class=\"_ _383\"> </span>Band<span class=\"_ _16f\"> </span><span class=\"ls2 ws2\"> <span class=\"_ _11a\"> </span> <span class=\"_ _11a\"> </span> <span class=\"_ _11a\"> </span> </span>0% \u2013 50%<span class=\"_ _2fa\"> </span><span class=\"ff2 ls81 wsdf\">1,<span class=\"_ _1\"></span>3<span class=\"_ _1\"></span>0<span class=\"_ _1\"></span>1<span class=\"_ _1\"></span>.4<span class=\"_ _8e\"> </span><span class=\"lsc4 wsc3\">1<span class=\"_ _0\"></span>,<span class=\"_ _2\"></span>4<span class=\"_ _0\"></span>6<span class=\"_ _2\"></span>7.<span class=\"_ _2\"></span>4<span class=\"_ _d\"> </span><span class=\"ls9e ws98\">2<span class=\"_ _2\"></span>,<span class=\"_ _2\"></span>76<span class=\"_ _1\"></span>8<span class=\"_ _2\"></span>.<span class=\"_ _2\"></span>8<span class=\"_ _2ec\"> </span><span class=\"ls6f ws75\">21 <span class=\"_ _d2\"> </span></span></span></span></span><span class=\"lsc8 wsc8\">1<span class=\"_ _0\"></span>,<span class=\"_ _2\"></span>0<span class=\"_ _3\"> </span>0<span class=\"_ _2\"></span>7.<span class=\"_ _0\"></span>6<span class=\"_ _73\"> </span><span class=\"ls9f wsbc\">1,<span class=\"_ _1\"></span>285<span class=\"_ _1\"></span>.7<span class=\"_ _121\"> </span><span class=\"lsf9 ws82\">2,293.3<span class=\"_ _20e\"> </span></span></span></span><span class=\"ws6e\">19 </span>50% \u2013 60%<span class=\"_ _1b5\"> </span><span class=\"ff2 lsf6 wsfb\">2,4<span class=\"_ _6\"></span>97<span class=\"_ _9\"></span>.2<span class=\"_ _98\"> </span><span class=\"ls7f wse1\">2<span class=\"_ _1\"></span>73.<span class=\"_ _1\"></span>5<span class=\"_ _9a\"> </span><span class=\"lse5 wsea\">2<span class=\"_ _1\"></span>,<span class=\"_ _1\"></span>7<span class=\"_ _1\"></span>70<span class=\"_ _1\"></span>.<span class=\"_ _1\"></span>7<span class=\"_ _ed\"> </span><span class=\"ls6f ws75\">21<span class=\"_ _1\"></span> <span class=\"_ _6b\"> </span><span class=\"ff1 ls9f wsbc\">1,<span class=\"_ _1\"></span>693.7<span class=\"_ _e8\"> </span><span class=\"ls78 ws109\">2<span class=\"_ _1\"></span>41<span class=\"_ _1\"></span>.<span class=\"_ _1\"></span>6<span class=\"_ _76\"> </span><span class=\"ls7a wsa1\">1,935.3<span class=\"_ _1da\"> </span><span class=\"lscc wscd\">16<span class=\"_ _1\"></span> </span></span></span></span></span></span></span></span>60% \u2013 7<span class=\"_ _6\"></span>0%<span class=\"_ _1ac\"> </span><span class=\"ff2 ls2\">4,386.0<span class=\"_ _5a\"> </span><span class=\"ls33 ws30\">261<span class=\"_ _1\"></span>.<span class=\"_ _1\"></span>5<span class=\"_ _6e\"> </span><span class=\"lsc4 wsc3\">4<span class=\"_ _2\"></span>,<span class=\"_ _0\"> </span>6<span class=\"_ _0\"></span>4<span class=\"_ _2\"></span>7.<span class=\"_ _0\"></span>5<span class=\"_ _23f\"> </span></span></span>36 <span class=\"_ _89\"> </span></span><span class=\"lsc5 wsc4\">3<span class=\"_ _2\"></span>,9<span class=\"_ _1\"></span>0<span class=\"_ _2\"></span>3<span class=\"_ _1\"></span>.<span class=\"_ _1\"></span>0<span class=\"_ _18d\"> </span><span class=\"lsd5 wsd5\">2<span class=\"_ _2\"></span>76<span class=\"_ _1\"></span>.<span class=\"_ _2\"></span>0<span class=\"_ _7d\"> </span><span class=\"lsf8 wsfd\">4<span class=\"_ _2\"></span>,1<span class=\"_ _2\"></span>7<span class=\"_ _2\"></span>9.<span class=\"_ _1\"></span>0<span class=\"_ _5e\"> </span></span></span></span><span class=\"ls2\">3<span class=\"_ _1\"></span>5 </span>7<span class=\"_ _6\"></span>0% \u2013 80%<span class=\"_ _108\"> </span><span class=\"ff2 lsc4 wsc3\">1<span class=\"_ _0\"></span>,<span class=\"_ _1\"></span>9<span class=\"_ _0\"></span>7<span class=\"_ _3\"> </span>7.<span class=\"_ _1\"></span>1<span class=\"_ _3d\"> </span><span class=\"ls7f wse1\">173<span class=\"_ _1\"></span>.6<span class=\"_ _6b\"> </span><span class=\"lscd wsce\">2,150.7<span class=\"_ _ed\"> </span><span class=\"ls12 wsf\">16<span class=\"_ _1\"></span> <span class=\"_ _6b\"> </span></span></span></span></span><span class=\"ls2\">2,64<span class=\"_ _6\"></span>7<span class=\"_ _1f6\"></span>.7<span class=\"_ _50\"> </span><span class=\"ls11 ws6e\">240.0<span class=\"_ _8e\"> </span><span class=\"lsc8 wsc8\">2<span class=\"_ _0\"> </span>,<span class=\"_ _3\"> </span>8<span class=\"_ _0\"></span>8<span class=\"_ _2\"></span>7.<span class=\"_ _0\"></span>7<span class=\"_ _2ec\"> </span><span class=\"lscd wsce\">24 </span></span></span></span>80% \u2013 90%<span class=\"_ _a8\"> </span><span class=\"ff2 lsc3 wsc2\">4<span class=\"_ _1\"></span>1<span class=\"_ _1\"></span>8<span class=\"_ _1\"></span>.1<span class=\"_ _5a\"> </span><span class=\"ls11 ws6e\">13<span class=\"_ _1\"></span>0.2<span class=\"_ _98\"> </span><span class=\"ls1f ws1c\">548.3<span class=\"_ _116\"> </span><span class=\"ls2 ws2\">4 <span class=\"_ _8c\"> </span></span></span></span></span><span class=\"ls7e ws16\">452.8<span class=\"_ _55\"> </span><span class=\"lsd7 wsd7\">6<span class=\"_ _1\"></span>0<span class=\"_ _1\"></span>.4<span class=\"_ _e8\"> </span><span class=\"lsc7 ws7f\">513<span class=\"_ _1\"></span>.<span class=\"_ _1\"></span>2<span class=\"_ _35\"> </span></span></span></span><span class=\"ls2\">4 </span>90% \u2013 100%<span class=\"_ _2fa\"> </span><span class=\"ff2 lsc4 wsc3\">1<span class=\"_ _2\"></span>6<span class=\"_ _2\"></span>7.<span class=\"_ _0\"></span>3<span class=\"_ _4f\"> </span><span class=\"ls7e ws16\">14<span class=\"_ _1\"></span>.0<span class=\"_ _3d\"> </span><span class=\"ls14 ws11\">181.<span class=\"_ _1\"></span>3<span class=\"_ _169\"> </span><span class=\"ls2 ws2\">1 <span class=\"_ _5c\"> </span></span></span></span></span><span class=\"ls7a wsa1\">66.2<span class=\"_ _1c2\"> </span><span class=\"lsc7 ws7f\">11.<span class=\"_ _1\"></span>6<span class=\"_ _61\"> </span><span class=\"lsc8 wsc8\">7<span class=\"_ _3\"> </span>7.<span class=\"_ _0\"></span>8<span class=\"_ _21a\"> </span></span></span></span><span class=\"ls2\">1 </span>&gt;100%<span class=\"_ _2fc\"> </span><span class=\"ff2 lsc5 wsc4\">17<span class=\"_ _1\"></span>2<span class=\"_ _2\"></span>.9<span class=\"_ _15c\"> </span></span><span class=\"ff2\">4.<span class=\"_ _1\"></span>5<span class=\"_ _3b\"> </span><span class=\"lsc4 wsc3\">1<span class=\"_ _2\"></span>7<span class=\"_ _0\"></span>7.<span class=\"_ _2\"></span>4<span class=\"_ _103\"> </span><span class=\"ls2 ws2\">1 <span class=\"_ _3d\"> </span></span></span></span><span class=\"lsed wsf2\">1<span class=\"_ _1\"></span>6<span class=\"_ _1\"></span>5<span class=\"_ _1\"></span>.1<span class=\"_ _5f\"> </span><span class=\"ls86 wsf1\">5<span class=\"_ _2\"></span>.9<span class=\"_ _9d\"> </span><span class=\"ls38 ws35\">17<span class=\"_ _1\"></span>1<span class=\"_ _1\"></span>.0<span class=\"_ _103\"> </span><span class=\"ls2 ws2\">1 </span></span></span></span>T<span class=\"_ _8\"></span>otal loans before provisions<span class=\"_ _2fd\"> </span><span class=\"ls89 wscc\">1<span class=\"_ _1\"></span>0<span class=\"_ _1\"></span>,9<span class=\"_ _1\"></span>2<span class=\"_ _1\"></span>0<span class=\"_ _1\"></span>.<span class=\"_ _1\"></span>0<span class=\"_ _66\"> </span></span>2,<span class=\"_ _1\"></span>324.7<span class=\"_ _67\"> </span><span class=\"ls14 ws11\">13,<span class=\"_ _1\"></span>244.7<span class=\"_ _37\"> </span><span class=\"lse3 wse7\">10<span class=\"_ _1\"></span>0 <span class=\"_ _69\"> </span><span class=\"ff1 ls7a wsa1\">9<span class=\"_ _8\"></span>,<span class=\"_ _6\"></span>936.<span class=\"_ _6\"></span>1<span class=\"_ _7d\"> </span><span class=\"ls89 wscc\">2<span class=\"_ _1\"></span>,1<span class=\"_ _1\"></span>2<span class=\"_ _1\"></span>1<span class=\"_ _1\"></span>.<span class=\"_ _2\"></span>2<span class=\"_ _6c\"> </span><span class=\"lsc8 wsc8\">1<span class=\"_ _0\"></span>2<span class=\"_ _0\"></span>,<span class=\"_ _0\"></span>0<span class=\"_ _0\"></span>5<span class=\"_ _2\"></span>7.<span class=\"_ _3\"> </span>3<span class=\"_ _15c\"> </span><span class=\"ls6f ws75\">100 </span></span></span></span></span></span>The tables below sho<span class=\"_ _8\"></span>w the L<span class=\"_ _8\"></span>T<span class=\"_ _1\"></span>V analysis of the OSB BTL/SME sub-segmen<span class=\"_ _6\"></span>t:<span class=\"_ _383\"> </span>OSB<span class=\"_ _383\"> </span>2022<span class=\"_ _383\"> </span>Buy-to-Let<span class=\"_ _383\"> </span>\u00a3m<span class=\"_ _383\"> </span>Commercial<span class=\"_ _383\"> </span>\u00a3m<span class=\"_ _383\"> </span>Residential dev<span class=\"_ _6\"></span>elopment<span class=\"_ _383\"> </span>\u00a3m<span class=\"_ _383\"> </span>Funding lines<span class=\"_ _383\"> </span>\u00a3m<span class=\"_ _383\"> </span>To<span class=\"_ _1\"></span>t<span class=\"_ _2\"></span>a<span class=\"_ _1\"></span>l<span class=\"_ _383\"> </span>\u00a3m<span class=\"_ _383\"> </span>Band<span class=\"_ _56\"> </span><span class=\"ls2 ws2\"> <span class=\"_ _21a\"> </span> <span class=\"_ _11a\"> </span> <span class=\"_ _11a\"> </span> <span class=\"_ _11a\"> </span> </span>0% \u2013 50%<span class=\"_ _292\"> </span><span class=\"ff2 lsc4 wsc3\">1<span class=\"_ _0\"></span>,<span class=\"_ _2\"></span>1<span class=\"_ _2\"></span>3<span class=\"_ _0\"></span>7.<span class=\"_ _0\"></span>6<span class=\"_ _5c\"> </span><span class=\"lscb wscb\">11<span class=\"_ _1\"></span>4.7<span class=\"_ _57\"> </span><span class=\"lsc3 wsc2\">1<span class=\"_ _1\"></span>6<span class=\"_ _1\"></span>.1<span class=\"_ _93\"> </span><span class=\"ls7e ws16\">3<span class=\"_ _1\"></span>3.0<span class=\"_ _40\"> </span><span class=\"ls81 wsdf\">1<span class=\"_ _1\"></span>,<span class=\"_ _1\"></span>3<span class=\"_ _2\"></span>01<span class=\"_ _1\"></span>.4<span class=\"_ _383\"> </span></span></span></span></span></span>50% \u2013 60%<span class=\"_ _cc\"> </span><span class=\"ff2 lsc3 wsc2\">2<span class=\"_ _1\"></span>,<span class=\"_ _2\"></span>3<span class=\"_ _1\"></span>2<span class=\"_ _2\"></span>4<span class=\"_ _1\"></span>.1<span class=\"_ _3b\"> </span><span class=\"lscb wscb\">112.<span class=\"_ _1\"></span>8<span class=\"_ _55\"> </span><span class=\"lsc4 wsc3\">5<span class=\"_ _2\"></span>7.<span class=\"_ _0\"></span>2<span class=\"_ _ca\"> </span></span></span>3<span class=\"_ _1\"></span>.1<span class=\"_ _6e\"> </span><span class=\"lsf6 wsfb\">2,4<span class=\"_ _6\"></span>97<span class=\"_ _9\"></span>.2<span class=\"_ _383\"> </span></span></span>60% \u2013 7<span class=\"_ _6\"></span>0%<span class=\"_ _2fe\"> </span><span class=\"ff2 lscb wscb\">4,111.4<span class=\"_ _91\"> </span><span class=\"ls81 wsdf\">16<span class=\"_ _1\"></span>4<span class=\"_ _1\"></span>.4<span class=\"_ _3d\"> </span></span>110<span class=\"_ _1\"></span>.<span class=\"_ _1\"></span>2<span class=\"_ _1cc\"> </span><span class=\"ls2 ws2\">\u2013<span class=\"_ _89\"> </span>4,386.0<span class=\"_ _383\"> </span></span></span>7<span class=\"_ _6\"></span>0% \u2013 80%<span class=\"_ _2b2\"> </span><span class=\"ff2 ls6f ws75\">1,74<span class=\"_ _6\"></span>1.5<span class=\"_ _8c\"> </span><span class=\"ls7d wse2\">23<span class=\"_ _1\"></span>5.6<span class=\"_ _1cc\"> </span><span class=\"ls2 ws2\">\u2013<span class=\"_ _1cc\"> </span>\u2013<span class=\"_ _7f\"> </span><span class=\"lsc4 wsc3\">1<span class=\"_ _0\"></span>,<span class=\"_ _2\"></span>9<span class=\"_ _2\"></span>7<span class=\"_ _3\"> </span>7.<span class=\"_ _1\"></span>1<span class=\"_ _383\"> </span></span></span></span></span>80% \u2013 90%<span class=\"_ _6f\"> </span><span class=\"ff2 ls7d wse2\">232.8<span class=\"_ _3d\"> </span><span class=\"ls1e ws43\">1<span class=\"_ _1\"></span>51.6<span class=\"_ _d9\"> </span><span class=\"ls2 ws2\">\u2013<span class=\"_ _93\"> </span><span class=\"lscd wsce\">3<span class=\"_ _1\"></span>3.7<span class=\"_ _3b\"> </span><span class=\"lsc3 wsc2\">4<span class=\"_ _1\"></span>1<span class=\"_ _1\"></span>8<span class=\"_ _2\"></span>.1<span class=\"_ _383\"> </span></span></span></span></span></span>90% \u2013 100%<span class=\"_ _2a6\"> </span><span class=\"ff2 lsc4 wsc3\">7<span class=\"_ _2\"></span>7.<span class=\"_ _2\"></span>1<span class=\"_ _96\"> </span><span class=\"lsd3 ws86\">63.8<span class=\"_ _116\"> </span><span class=\"ls2 ws2\">\u2013<span class=\"_ _9d\"> </span><span class=\"ls81 wsdf\">26<span class=\"_ _1\"></span>.4<span class=\"_ _3b\"> </span></span></span></span>1<span class=\"_ _2\"></span>6<span class=\"_ _2\"></span>7.<span class=\"_ _0\"> </span>3<span class=\"_ _383\"> </span></span>&gt;100%<span class=\"_ _2ff\"> </span><span class=\"ff2\">130.5<span class=\"_ _9d\"> </span><span class=\"ls81 wsdf\">38<span class=\"_ _1\"></span>.4<span class=\"_ _5f\"> </span><span class=\"ls7e ws16\">1.0<span class=\"_ _1c2\"> </span>3<span class=\"_ _1\"></span>.0<span class=\"_ _18d\"> </span><span class=\"lsc5 wsc4\">1<span class=\"_ _1\"></span>72<span class=\"_ _2\"></span>.9<span class=\"_ _383\"> </span></span></span></span></span>T<span class=\"_ _8\"></span>otal loans before provisions<span class=\"_ _300\"> </span><span class=\"lsd3 ws86\">9<span class=\"_ _8\"></span>,755.0<span class=\"_ _50\"> </span><span class=\"ls14 ws11\">881.<span class=\"_ _1\"></span>3<span class=\"_ _a9\"> </span><span class=\"ls11 ws6e\">18<span class=\"_ _1\"></span>4.5<span class=\"_ _9d\"> </span><span class=\"lsc6 wsc5\">9<span class=\"_ _2\"></span>9.<span class=\"_ _0\"></span>2<span class=\"_ _1fe\"> </span><span class=\"ls89 wscc\">1<span class=\"_ _1\"></span>0<span class=\"_ _1\"></span>,9<span class=\"_ _1\"></span>2<span class=\"_ _1\"></span>0<span class=\"_ _1\"></span>.<span class=\"_ _1\"></span>0<span class=\"_ _383\"> </span></span></span></span></span></span>2021<span class=\"_ _383\"> </span>Buy-to-Let<span class=\"_ _383\"> </span>\u00a3m<span class=\"_ _383\"> </span>Commercial<span class=\"_ _383\"> </span>\u00a3m<span class=\"_ _383\"> </span>Residential developmen<span class=\"_ _6\"></span>t<span class=\"_ _383\"> </span>\u00a3m<span class=\"_ _383\"> </span>Funding lines<span class=\"_ _383\"> </span>\u00a3m<span class=\"_ _383\"> </span>To<span class=\"_ _1\"></span>t<span class=\"_ _2\"></span>a<span class=\"_ _1\"></span>l<span class=\"_ _383\"> </span>\u00a3m<span class=\"_ _383\"> </span>Band<span class=\"_ _383\"> </span>0% \u2013 50%<span class=\"_ _2a6\"> </span><span class=\"ls88 wse3\">8<span class=\"_ _1\"></span>0<span class=\"_ _1\"></span>4.<span class=\"_ _1\"></span>0<span class=\"_ _9d\"> </span><span class=\"ls86 wsf1\">11<span class=\"_ _2\"></span>8<span class=\"_ _1\"></span>.9<span class=\"_ _57\"> </span></span></span><span class=\"ws6e\">19<span class=\"_ _8\"></span>.0<span class=\"_ _254\"> </span><span class=\"ls14 ws11\">65.7<span class=\"_ _73\"> </span><span class=\"lsc8 wsc8\">1<span class=\"_ _2\"></span>,<span class=\"_ _0\"></span>0<span class=\"_ _3\"> </span>0<span class=\"_ _2\"></span>7.<span class=\"_ _0\"></span>6<span class=\"_ _383\"> </span></span></span></span>50% \u2013 60%<span class=\"_ _301\"> </span><span class=\"ws6e\">1,532<span class=\"_ _1\"></span>.0<span class=\"_ _2ab\"> </span><span class=\"lsed wsf2\">1<span class=\"_ _2\"></span>0<span class=\"_ _1\"></span>5<span class=\"_ _2\"></span>.1<span class=\"_ _d0\"> </span>4<span class=\"_ _1\"></span>0<span class=\"_ _1\"></span>.1<span class=\"_ _37\"> </span><span class=\"lscc wscd\">16<span class=\"_ _1\"></span>.5<span class=\"_ _73\"> </span><span class=\"ls9f wsbc\">1,693.<span class=\"_ _1\"></span>7<span class=\"_ _383\"> </span></span></span></span></span>60% \u2013 7<span class=\"_ _6\"></span>0%<span class=\"_ _24c\"> </span><span class=\"lsed wsf2\">3<span class=\"_ _1\"></span>,<span class=\"_ _1\"></span>7<span class=\"_ _1\"></span>0<span class=\"_ _2\"></span>8<span class=\"_ _1\"></span>.1<span class=\"_ _93\"> </span>1<span class=\"_ _1\"></span>3<span class=\"_ _2\"></span>0<span class=\"_ _1\"></span>.1<span class=\"_ _1b4\"> </span><span class=\"lsa wse4\">61.<span class=\"_ _1\"></span>6<span class=\"_ _e5\"> </span><span class=\"ls2c ws29\">3.2<span class=\"_ _121\"> </span><span class=\"lsc5 wsc4\">3<span class=\"_ _2\"></span>,9<span class=\"_ _1\"></span>0<span class=\"_ _2\"></span>3<span class=\"_ _1\"></span>.<span class=\"_ _1\"></span>0<span class=\"_ _383\"> </span></span></span></span></span>7<span class=\"_ _6\"></span>0% \u2013 80%<span class=\"_ _302\"> </span><span class=\"lsd7 wsd7\">2<span class=\"_ _1\"></span>,4<span class=\"_ _1\"></span>2<span class=\"_ _1\"></span>3<span class=\"_ _2\"></span>.<span class=\"_ _1\"></span>7<span class=\"_ _91\"> </span><span class=\"ls88 wse3\">224.<span class=\"_ _1\"></span>0<span class=\"_ _d9\"> </span></span></span><span class=\"ls2\">\u2013<span class=\"_ _1cc\"> </span>\u2013<span class=\"_ _a1\"> </span>2,64<span class=\"_ _6\"></span>7<span class=\"_ _1f6\"></span>.7<span class=\"_ _383\"> </span></span>80% \u2013 90%<span class=\"_ _211\"> </span><span class=\"ls6f ws75\">249<span class=\"_ _6\"></span>.5<span class=\"_ _e8\"> </span><span class=\"ls86 wsf1\">16<span class=\"_ _2\"></span>5<span class=\"_ _1\"></span>.9<span class=\"_ _d9\"> </span><span class=\"ls2 ws2\">\u2013<span class=\"_ _d0\"> </span><span class=\"lsc8 wsc8\">3<span class=\"_ _0\"></span>7.<span class=\"_ _1\"></span>4<span class=\"_ _3e\"> </span><span class=\"ls7e ws16\">452<span class=\"_ _1\"></span>.8<span class=\"_ _383\"> </span></span></span></span></span></span>90% \u2013 100%<span class=\"_ _2ad\"> </span><span class=\"lsd7 wsd7\">4<span class=\"_ _2\"></span>6<span class=\"_ _1\"></span>.4<span class=\"_ _57\"> </span><span class=\"lsf8 wsfd\">1<span class=\"_ _2\"></span>9.<span class=\"_ _2\"></span>8<span class=\"_ _35\"> </span></span></span><span class=\"ls2\">\u2013<span class=\"_ _1cc\"> </span>\u2013<span class=\"_ _96\"> </span><span class=\"ls7a wsa1\">66.<span class=\"_ _1\"></span>2<span class=\"_ _383\"> </span></span></span>&gt;100%<span class=\"_ _303\"> </span><span class=\"ls88 wse3\">10<span class=\"_ _1\"></span>4.0<span class=\"_ _55\"> </span><span class=\"ls9f wsbc\">30.6<span class=\"_ _d9\"> </span><span class=\"ls2 ws2\">\u2013<span class=\"_ _9d\"> </span></span>3<span class=\"_ _1\"></span>0.5<span class=\"_ _93\"> </span><span class=\"lsed wsf2\">1<span class=\"_ _1\"></span>6<span class=\"_ _1\"></span>5<span class=\"_ _2\"></span>.1<span class=\"_ _383\"> </span></span></span></span>T<span class=\"_ _8\"></span>otal loans before provisions<span class=\"_ _13a\"> </span><span class=\"ff1 lsd4 ws46\">8,867<span class=\"_ _9\"></span>.7<span class=\"_ _18d\"> </span><span class=\"lsd7 wsd7\">7<span class=\"_ _1\"></span>9<span class=\"_ _1\"></span>4<span class=\"_ _1\"></span>.4<span class=\"_ _e8\"> </span><span class=\"ls12 wsf\">12<span class=\"_ _1\"></span>0.7<span class=\"_ _3b\"> </span><span class=\"lsf9 ws82\">153.3<span class=\"_ _73\"> </span><span class=\"ls7a wsa1\">9<span class=\"_ _8\"></span>,936.<span class=\"_ _8\"></span>1<span class=\"_ _383\"> </span></span></span></span></span></span>The tables below sho<span class=\"_ _8\"></span>w the L<span class=\"_ _8\"></span>T<span class=\"_ _1\"></span>V analysis of the OSB Residential sub-segmen<span class=\"_ _6\"></span>t:<span class=\"_ _383\"> </span>OSB<span class=\"_ _383\"> </span>2022<span class=\"_ _2dc\"> </span><span class=\"ff1\">2021<span class=\"_ _383\"> </span></span>First charge<span class=\"_ _383\"> </span>\u00a3m<span class=\"_ _383\"> </span>Sec<span class=\"_ _1\"></span>ond charge<span class=\"_ _383\"> </span>\u00a3m<span class=\"_ _383\"> </span>Funding lines<span class=\"_ _383\"> </span>\u00a3m<span class=\"_ _383\"> </span>To<span class=\"_ _1\"></span>t<span class=\"_ _2\"></span>a<span class=\"_ _1\"></span>l<span class=\"_ _383\"> </span>\u00a3m<span class=\"_ _383\"> </span>First char<span class=\"_ _6\"></span>ge<span class=\"_ _383\"> </span>\u00a3m<span class=\"_ _383\"> </span>Second charge<span class=\"_ _383\"> </span>\u00a3m<span class=\"_ _383\"> </span>Funding lines<span class=\"_ _383\"> </span>\u00a3m<span class=\"_ _383\"> </span>To<span class=\"_ _1\"></span>t<span class=\"_ _2\"></span>a<span class=\"_ _1\"></span>l<span class=\"_ _383\"> </span>\u00a3m<span class=\"_ _383\"> </span>Band<span class=\"_ _16f\"> </span><span class=\"ls2 ws2\"> <span class=\"_ _11a\"> </span> <span class=\"_ _11a\"> </span> <span class=\"_ _11a\"> </span> </span>0% \u2013 50%<span class=\"_ _2fa\"> </span><span class=\"ff2 lsc4 wsc3\">1<span class=\"_ _2\"></span>,<span class=\"_ _0\"></span>3<span class=\"_ _0\"></span>5<span class=\"_ _2\"></span>7.<span class=\"_ _0\"></span>6<span class=\"_ _18d\"> </span><span class=\"lsc6 wsc5\">1<span class=\"_ _1\"></span>0<span class=\"_ _2\"></span>9.<span class=\"_ _2\"></span>8<span class=\"_ _d9\"> </span><span class=\"ls2 ws2\">\u2013 <span class=\"_ _d\"> </span></span></span>1<span class=\"_ _0\"></span>,<span class=\"_ _2\"></span>4<span class=\"_ _0\"></span>6<span class=\"_ _2\"></span>7.<span class=\"_ _2\"></span>4<span class=\"_ _70\"> </span></span><span class=\"ls89 wscc\">1<span class=\"_ _1\"></span>,1<span class=\"_ _1\"></span>7<span class=\"_ _1\"></span>3<span class=\"_ _1\"></span>.<span class=\"_ _2\"></span>3<span class=\"_ _254\"> </span><span class=\"lsc7 ws7f\">111.<span class=\"_ _1\"></span>8<span class=\"_ _15e\"> </span><span class=\"ls9f wsbc\">0.<span class=\"_ _1\"></span>6<span class=\"_ _a1\"> </span>1,28<span class=\"_ _1\"></span>5.7<span class=\"_ _383\"> </span></span></span></span>50% \u2013 60%<span class=\"_ _304\"> </span><span class=\"ff2 lsc3 wsc2\">2<span class=\"_ _1\"></span>3<span class=\"_ _2\"></span>8<span class=\"_ _1\"></span>.1<span class=\"_ _9d\"> </span><span class=\"ls81 wsdf\">3<span class=\"_ _2\"></span>5.4<span class=\"_ _d9\"> </span><span class=\"ls2 ws2\">\u2013 <span class=\"_ _122\"> </span><span class=\"ls7f wse1\">273<span class=\"_ _1\"></span>.5<span class=\"_ _e8\"> </span></span></span></span></span><span class=\"lsd3 ws86\">189<span class=\"_ _8\"></span>.8<span class=\"_ _61\"> </span><span class=\"lsc7 ws7f\">51<span class=\"_ _1\"></span>.<span class=\"_ _1\"></span>8<span class=\"_ _d9\"> </span><span class=\"ls2 ws2\">\u2013 <span class=\"_ _50\"> </span><span class=\"ls78 ws109\">2<span class=\"_ _1\"></span>41<span class=\"_ _1\"></span>.<span class=\"_ _2\"></span>6<span class=\"_ _383\"> </span></span></span></span></span>60% \u2013 7<span class=\"_ _6\"></span>0%<span class=\"_ _107\"> </span><span class=\"ff2 lsc5 wsc4\">2<span class=\"_ _1\"></span>4<span class=\"_ _1\"></span>2<span class=\"_ _2\"></span>.9<span class=\"_ _254\"> </span><span class=\"ls14 ws11\">18.<span class=\"_ _1\"></span>6<span class=\"_ _1cc\"> </span><span class=\"ls2 ws2\">\u2013 <span class=\"_ _8c\"> </span><span class=\"ls33 ws30\">2<span class=\"_ _1\"></span>61.<span class=\"_ _1\"></span>5<span class=\"_ _a9\"> </span></span></span></span></span><span class=\"ls9f wsbc\">240.<span class=\"_ _1\"></span>2<span class=\"_ _55\"> </span><span class=\"ls7a wsa1\">35.8<span class=\"_ _1cc\"> </span></span></span><span class=\"ls2\">\u2013 <span class=\"_ _98\"> </span><span class=\"lsd5 wsd5\">2<span class=\"_ _1\"></span>76<span class=\"_ _2\"></span>.<span class=\"_ _1\"></span>0<span class=\"_ _383\"> </span></span></span>7<span class=\"_ _6\"></span>0% \u2013 80%<span class=\"_ _a4\"> </span><span class=\"ff2 ls12 wsf\">16<span class=\"_ _1\"></span>8.<span class=\"_ _1\"></span>3<span class=\"_ _15c\"> </span><span class=\"ls7d wse2\">5.3<span class=\"_ _1cc\"> </span><span class=\"ls2 ws2\">\u2013 <span class=\"_ _98\"> </span><span class=\"ls7f wse1\">173.<span class=\"_ _1\"></span>6<span class=\"_ _3b\"> </span></span></span></span></span><span class=\"ls9f wsbc\">221.3<span class=\"_ _37\"> </span><span class=\"ls14 ws11\">18<span class=\"_ _1\"></span>.7<span class=\"_ _1cc\"> </span></span></span><span class=\"ls2\">\u2013 <span class=\"_ _83\"> </span></span><span class=\"ws6e\">24<span class=\"_ _1\"></span>0.0<span class=\"_ _383\"> </span></span>80% \u2013 90%<span class=\"_ _18b\"> </span><span class=\"ff2 ls7e ws16\">128.<span class=\"_ _1\"></span>8<span class=\"_ _5f\"> </span><span class=\"ls81 wsdf\">1<span class=\"_ _1\"></span>.4<span class=\"_ _d9\"> </span><span class=\"ls2 ws2\">\u2013 <span class=\"_ _83\"> </span><span class=\"ls11 ws6e\">130.<span class=\"_ _1\"></span>2<span class=\"_ _55\"> </span></span></span></span></span><span class=\"ls6f ws75\">56.5<span class=\"_ _8b\"> </span><span class=\"ls86 wsf1\">3<span class=\"_ _1\"></span>.9<span class=\"_ _d9\"> </span></span></span><span class=\"ls2\">\u2013 <span class=\"_ _5c\"> </span><span class=\"lsd7 wsd7\">6<span class=\"_ _2\"></span>0<span class=\"_ _1\"></span>.4<span class=\"_ _383\"> </span></span></span>90% \u2013 100%<span class=\"_ _a8\"> </span><span class=\"ff2 ls81 wsdf\">1<span class=\"_ _1\"></span>3<span class=\"_ _1\"></span>.4<span class=\"_ _15c\"> </span><span class=\"ls11 ws6e\">0.6<span class=\"_ _1cc\"> </span><span class=\"ls2 ws2\">\u2013 <span class=\"_ _2ab\"> </span><span class=\"ls7e ws16\">14.0<span class=\"_ _61\"> </span></span></span></span></span><span class=\"ls9f wsbc\">10.3<span class=\"_ _ca\"> </span>1.3<span class=\"_ _d9\"> </span></span><span class=\"ls2\">\u2013 <span class=\"_ _9c\"> </span><span class=\"lsc7 ws7f\">11.<span class=\"_ _1\"></span>6<span class=\"_ _383\"> </span></span></span>&gt;100%<span class=\"_ _305\"> </span><span class=\"ff2 lsd3 ws86\">3.8<span class=\"_ _15c\"> </span></span><span class=\"ff2\">0.7<span class=\"_ _1cc\"> </span><span class=\"ls2 ws2\">\u2013 <span class=\"_ _d0\"> </span></span>4.5<span class=\"_ _e5\"> </span></span><span class=\"ls88 wse3\">4.<span class=\"_ _1\"></span>5<span class=\"_ _ce\"> </span><span class=\"lsd7 wsd7\">1<span class=\"_ _1\"></span>.4<span class=\"_ _d9\"> </span><span class=\"ls2 ws2\">\u2013 <span class=\"_ _b2\"> </span><span class=\"ls86 wsf1\">5<span class=\"_ _2\"></span>.9<span class=\"_ _383\"> </span></span></span></span></span>T<span class=\"_ _8\"></span>otal loans before provisions<span class=\"_ _159\"> </span><span class=\"lsd7 wsd7\">2<span class=\"_ _1\"></span>,1<span class=\"_ _1\"></span>5<span class=\"_ _1\"></span>2<span class=\"_ _2\"></span>.9<span class=\"_ _e8\"> </span><span class=\"ls12 wsf\">171.<span class=\"_ _1\"></span>8<span class=\"_ _1cc\"> </span><span class=\"ls2 ws2\">\u2013 <span class=\"_ _19f\"> </span></span></span></span>2,3<span class=\"_ _1\"></span>24.7<span class=\"_ _76\"> </span><span class=\"ff1 ls86 wsf1\">1<span class=\"_ _1\"></span>,<span class=\"_ _2\"></span>8<span class=\"_ _1\"></span>9<span class=\"_ _1\"></span>5<span class=\"_ _2\"></span>.9<span class=\"_ _18d\"> </span><span class=\"lse3 wse7\">224.7<span class=\"_ _53\"> </span><span class=\"ls9f wsbc\">0.6<span class=\"_ _7d\"> </span><span class=\"ls89 wscc\">2<span class=\"_ _2\"></span>,12<span class=\"_ _2\"></span>1.<span class=\"_ _2\"></span>2<span class=\"_ _383\"> </span></span></span></span></span>The table below sho<span class=\"_ _8\"></span>ws the L<span class=\"_ _8\"></span>T<span class=\"_ _1\"></span>V analysis of the four CCFS sub-segmen<span class=\"_ _6\"></span>t: CCFS<span class=\"_ _383\"> </span>2022<span class=\"_ _383\"> </span>Buy-to-Let<span class=\"_ _383\"> </span>\u00a3m<span class=\"_ _383\"> </span>Residential<span class=\"_ _383\"> </span>\u00a3m<span class=\"_ _383\"> </span>Bridging<span class=\"_ _383\"> </span>\u00a3m<span class=\"_ _383\"> </span>Sec<span class=\"_ _1\"></span>ond charge lending<span class=\"_ _383\"> </span>\u00a3m<span class=\"_ _383\"> </span>To<span class=\"_ _1\"></span>t<span class=\"_ _2\"></span>a<span class=\"_ _1\"></span>l<span class=\"_ _383\"> </span>\u00a3m<span class=\"_ _116\"> </span><span class=\"ls2 ws2\">%<span class=\"_ _383\"> </span></span>Band<span class=\"_ _21c\"> </span><span class=\"ls2 ws2\"> <span class=\"_ _11a\"> </span> <span class=\"_ _11a\"> </span> <span class=\"_ _11a\"> </span> <span class=\"_ _11a\"> </span> <span class=\"_ _11a\"> </span> </span>0% \u2013 50%<span class=\"_ _2dc\"> </span><span class=\"ff2 ls2c ws29\">308.6<span class=\"_ _8c\"> </span><span class=\"lscd wsce\">498.<span class=\"_ _1\"></span>3<span class=\"_ _9d\"> </span><span class=\"lsc5 wsc4\">6<span class=\"_ _1\"></span>2<span class=\"_ _2\"></span>.9<span class=\"_ _96\"> </span>4<span class=\"_ _1\"></span>4<span class=\"_ _1\"></span>.9<span class=\"_ _3e\"> </span><span class=\"ls11 ws6e\">914.<span class=\"_ _1\"></span>7<span class=\"_ _d9\"> </span><span class=\"ls2 ws2\">9 </span></span></span></span></span>50% \u2013 60%<span class=\"_ _306\"> </span><span class=\"ff2 lsc6 wsc5\">7<span class=\"_ _1\"></span>9<span class=\"_ _2\"></span>9.<span class=\"_ _2\"></span>5<span class=\"_ _a9\"> </span><span class=\"ls14 ws11\">5<span class=\"_ _1\"></span>01.8<span class=\"_ _55\"> </span></span>2<span class=\"_ _1\"></span>9.9<span class=\"_ _55\"> </span>2<span class=\"_ _2\"></span>9.<span class=\"_ _1\"></span>9<span class=\"_ _7d\"> </span><span class=\"lsc3 wsc2\">1<span class=\"_ _2\"></span>,<span class=\"_ _1\"></span>3<span class=\"_ _2\"></span>61<span class=\"_ _1\"></span>.1<span class=\"_ _1da\"> </span><span class=\"ls14 ws11\">13 </span></span></span>60% \u2013 7<span class=\"_ _6\"></span>0%<span class=\"_ _c6\"> </span><span class=\"ff2 lsc4 wsc3\">2<span class=\"_ _2\"></span>,<span class=\"_ _0\"> </span>5<span class=\"_ _0\"> </span>8<span class=\"_ _0\"></span>7.<span class=\"_ _0\"></span>6<span class=\"_ _86\"> </span><span class=\"ls11 ws6e\">9<span class=\"_ _1\"></span>24.<span class=\"_ _1\"></span>2<span class=\"_ _93\"> </span><span class=\"lsff ws91\">25.6<span class=\"_ _59\"> </span></span>2<span class=\"_ _1\"></span>4.3<span class=\"_ _6b\"> </span><span class=\"ls33 ws30\">3<span class=\"_ _1\"></span>,<span class=\"_ _1\"></span>5<span class=\"_ _1\"></span>61<span class=\"_ _1\"></span>.7<span class=\"_ _ca\"> </span><span class=\"ls2 ws2\">3<span class=\"_ _1\"></span>4 </span></span></span></span>7<span class=\"_ _6\"></span>0% \u2013 80%<span class=\"_ _307\"> </span><span class=\"ff2 ls33 ws30\">3<span class=\"_ _1\"></span>,61<span class=\"_ _1\"></span>3<span class=\"_ _1\"></span>.<span class=\"_ _1\"></span>8<span class=\"_ _86\"> </span><span class=\"lsc5 wsc4\">6<span class=\"_ _1\"></span>2<span class=\"_ _1\"></span>2<span class=\"_ _2\"></span>.9<span class=\"_ _96\"> </span>2<span class=\"_ _1\"></span>6<span class=\"_ _2\"></span>.9<span class=\"_ _9c\"> </span><span class=\"lscd wsce\">13.7<span class=\"_ _d\"> </span><span class=\"lsc4 wsc3\">4<span class=\"_ _2\"></span>,<span class=\"_ _3\"> </span>2<span class=\"_ _2\"></span>7<span class=\"_ _3\"> </span>7.<span class=\"_ _0\"></span>3<span class=\"_ _20e\"> </span><span class=\"lse0 wse0\">41 </span></span></span></span></span>80% \u2013 90%<span class=\"_ _d3\"> </span><span class=\"ff2 lsc3 wsc2\">2<span class=\"_ _1\"></span>1<span class=\"_ _1\"></span>5<span class=\"_ _2\"></span>.1<span class=\"_ _5a\"> </span><span class=\"ls6f ws75\">146.8<span class=\"_ _15c\"> </span><span class=\"ls81 wsdf\">2<span class=\"_ _1\"></span>.4<span class=\"_ _5f\"> </span><span class=\"ls14 ws11\">1.<span class=\"_ _1\"></span>2<span class=\"_ _98\"> </span><span class=\"lse3 wse7\">365.5<span class=\"_ _d9\"> </span><span class=\"ls2 ws2\">3 </span></span></span></span></span></span>90% \u2013 100%<span class=\"_ _308\"> </span><span class=\"ff2 ws6e\">0.2<span class=\"_ _1c2\"> </span>0.8<span class=\"_ _5f\"> </span><span class=\"ls14 ws11\">1.5<span class=\"_ _1cc\"> </span><span class=\"ls2 ws2\">\u2013<span class=\"_ _1c2\"> </span><span class=\"ls6f ws75\">2<span class=\"_ _1\"></span>.5<span class=\"_ _1cc\"> </span></span>\u2013<span class=\"_ _383\"> </span></span></span></span>&gt;100%<span class=\"_ _1a0\"> </span><span class=\"ff2 ls2 ws2\">-<span class=\"_ _5f\"> </span><span class=\"lsc3 wsc2\">0<span class=\"_ _1\"></span>.1<span class=\"_ _15c\"> </span></span></span><span class=\"ff2\">0.5<span class=\"_ _d9\"> </span><span class=\"ls2 ws2\">\u2013<span class=\"_ _63\"> </span></span>0.<span class=\"_ _1\"></span>6<span class=\"_ _1cc\"> </span><span class=\"ls2 ws2\">\u2013<span class=\"_ _383\"> </span></span></span>T<span class=\"_ _8\"></span>otal loans before provisions<span class=\"_ _309\"> </span><span class=\"lse4 wse9\">7,<span class=\"_ _2\"></span>5<span class=\"_ _0\"></span>2<span class=\"_ _0\"></span>4<span class=\"_ _2\"></span>.<span class=\"_ _0\"> </span>8<span class=\"_ _6e\"> </span><span class=\"lsc5 wsc4\">2<span class=\"_ _1\"></span>,<span class=\"_ _1\"></span>6<span class=\"_ _2\"></span>9<span class=\"_ _1\"></span>4<span class=\"_ _1\"></span>.9<span class=\"_ _3d\"> </span><span class=\"ls6f ws75\">149<span class=\"_ _8\"></span>.7<span class=\"_ _3d\"> </span><span class=\"lscb wscb\">11<span class=\"_ _1\"></span>4.0<span class=\"_ _67\"> </span><span class=\"ls81 wsdf\">10<span class=\"_ _1\"></span>,4<span class=\"_ _1\"></span>8<span class=\"_ _1\"></span>3<span class=\"_ _1\"></span>.4<span class=\"_ _1b4\"> </span><span class=\"lse3 wse7\">10<span class=\"_ _1\"></span>0<span class=\"_ _383\"> </span></span></span></span></span></span></span>CCFS<span class=\"_ _383\"> </span>2021<span class=\"_ _383\"> </span>Buy-to-Let<span class=\"_ _383\"> </span>\u00a3m<span class=\"_ _383\"> </span>Residential<span class=\"_ _383\"> </span>\u00a3m<span class=\"_ _383\"> </span>Bridging<span class=\"_ _383\"> </span>\u00a3m<span class=\"_ _383\"> </span>Second charge lending<span class=\"_ _383\"> </span>\u00a3m<span class=\"_ _383\"> </span>To<span class=\"_ _1\"></span>t<span class=\"_ _2\"></span>a<span class=\"_ _1\"></span>l<span class=\"_ _383\"> </span>\u00a3m<span class=\"_ _1cc\"> </span><span class=\"ls2 ws2\">%<span class=\"_ _383\"> </span></span>Band<span class=\"_ _383\"> </span>0% \u2013 50%<span class=\"_ _30a\"> </span><span class=\"ls88 wse3\">10<span class=\"_ _1\"></span>4.<span class=\"_ _1\"></span>8<span class=\"_ _3b\"> </span><span class=\"lsa wse4\">2<span class=\"_ _1\"></span>61.<span class=\"_ _1\"></span>0<span class=\"_ _55\"> </span><span class=\"ls9f wsbc\">30.2<span class=\"_ _55\"> </span><span class=\"ls7d wse2\">32.2<span class=\"_ _a9\"> </span><span class=\"ls7c wsd0\">42<span class=\"_ _1\"></span>8<span class=\"_ _1\"></span>.<span class=\"_ _1\"></span>2<span class=\"_ _d9\"> </span></span></span></span></span></span><span class=\"ls2\">5 </span>50% \u2013 60%<span class=\"_ _fe\"> </span><span class=\"lsd7 wsd7\">20<span class=\"_ _2\"></span>5<span class=\"_ _1\"></span>.4<span class=\"_ _91\"> </span><span class=\"lscd wsce\">246.8<span class=\"_ _5f\"> </span><span class=\"lsf8 wsfd\">9.<span class=\"_ _2\"></span>3<span class=\"_ _254\"> </span><span class=\"ls54 ws55\">28<span class=\"_ _1\"></span>.6<span class=\"_ _3b\"> </span><span class=\"lsed wsf2\">49<span class=\"_ _2\"></span>0<span class=\"_ _1\"></span>.1<span class=\"_ _35\"> </span></span></span></span></span></span><span class=\"ls2\">5 </span>60% \u2013 7<span class=\"_ _6\"></span>0%<span class=\"_ _2b4\"> </span><span class=\"lsd7 wsd7\">7<span class=\"_ _1\"></span>0<span class=\"_ _2\"></span>2<span class=\"_ _1\"></span>.4<span class=\"_ _3b\"> </span><span class=\"lsed wsf2\">4<span class=\"_ _1\"></span>8<span class=\"_ _2\"></span>0<span class=\"_ _1\"></span>.1<span class=\"_ _57\"> </span><span class=\"ls86 wsf1\">1<span class=\"_ _1\"></span>4<span class=\"_ _1\"></span>.9<span class=\"_ _254\"> </span><span class=\"ls6f ws75\">44.5<span class=\"_ _94\"> </span><span class=\"ls9f wsbc\">1,<span class=\"_ _1\"></span>241.<span class=\"_ _8\"></span>9<span class=\"_ _20e\"> </span><span class=\"ls14 ws11\">14 </span></span></span></span></span></span>7<span class=\"_ _6\"></span>0% \u2013 80%<span class=\"_ _30b\"> </span><span class=\"lsc8 wsc8\">4<span class=\"_ _2\"></span>,<span class=\"_ _0\"></span>8<span class=\"_ _0\"></span>2<span class=\"_ _0\"></span>7.<span class=\"_ _0\"></span>7<span class=\"_ _76\"> </span><span class=\"ls88 wse3\">1<span class=\"_ _1\"></span>,<span class=\"_ _1\"></span>23<span class=\"_ _1\"></span>4.<span class=\"_ _1\"></span>5<span class=\"_ _ce\"> </span><span class=\"lsd7 wsd7\">1<span class=\"_ _1\"></span>.4<span class=\"_ _1c2\"> </span></span></span>3<span class=\"_ _0\"></span>7.<span class=\"_ _2\"></span>1<span class=\"_ _76\"> </span><span class=\"ls89 wscc\">6<span class=\"_ _2\"></span>,1<span class=\"_ _1\"></span>0<span class=\"_ _1\"></span>0<span class=\"_ _1\"></span>.<span class=\"_ _1\"></span>7<span class=\"_ _2ec\"> </span><span class=\"ls78 ws109\">67<span class=\"_ _2\"></span> </span></span></span>80% \u2013 90%<span class=\"_ _306\"> </span><span class=\"ls9f wsbc\">56<span class=\"_ _1\"></span>0.5<span class=\"_ _91\"> </span><span class=\"ls86 wsf1\">2<span class=\"_ _1\"></span>6<span class=\"_ _2\"></span>8<span class=\"_ _1\"></span>.9<span class=\"_ _e5\"> </span></span>0.5<span class=\"_ _d0\"> </span><span class=\"ls88 wse3\">1<span class=\"_ _1\"></span>4.5<span class=\"_ _91\"> </span><span class=\"lsd7 wsd7\">8<span class=\"_ _2\"></span>4<span class=\"_ _1\"></span>4<span class=\"_ _1\"></span>.4<span class=\"_ _35\"> </span></span></span></span><span class=\"ls2\">9 </span>90% \u2013 100%<span class=\"_ _df\"> </span><span class=\"lsed wsf2\">0<span class=\"_ _1\"></span>.1<span class=\"_ _ce\"> </span><span class=\"lsd7 wsd7\">1<span class=\"_ _2\"></span>.4<span class=\"_ _d9\"> </span></span></span><span class=\"ls2\">\u2013<span class=\"_ _1cc\"> </span>\u2013<span class=\"_ _52\"> </span><span class=\"ls9f wsbc\">1.<span class=\"_ _1\"></span>5<span class=\"_ _1cc\"> </span></span>\u2013<span class=\"_ _383\"> </span></span>T<span class=\"_ _8\"></span>otal loans before provisions<span class=\"_ _30c\"> </span><span class=\"ff1 ls86 wsf1\">6<span class=\"_ _1\"></span>,4<span class=\"_ _2\"></span>0<span class=\"_ _2\"></span>0<span class=\"_ _1\"></span>.9<span class=\"_ _69\"> </span><span class=\"ls2 ws2\">2,4<span class=\"_ _6\"></span>92.7<span class=\"_ _96\"> </span><span class=\"ls7a wsa1\">56.3<span class=\"_ _e8\"> </span><span class=\"ls86 wsf1\">1<span class=\"_ _1\"></span>5<span class=\"_ _2\"></span>6<span class=\"_ _1\"></span>.9<span class=\"_ _73\"> </span><span class=\"lsf8 wsfd\">9,1<span class=\"_ _2\"></span>0<span class=\"_ _2\"></span>6<span class=\"_ _2\"></span>.<span class=\"_ _2\"></span>8<span class=\"_ _15c\"> </span><span class=\"ls6f ws75\">100<span class=\"_ _383\"> </span></span></span></span></span></span></span>Forbear<span class=\"_ _1\"></span>ance me<span class=\"_ _1\"></span>asure<span class=\"_ _1\"></span>s under<span class=\"_ _1\"></span>taken<span class=\"_ _383\"> </span>The Group has a r<span class=\"_ _6\"></span>ange of options available wher<span class=\"_ _6\"></span>e borrow<span class=\"_ _8\"></span><span class=\"_ _383\">ers experience \ufb01nancial difficulties that impact their ability to service their \ufb01nancial</span><span class=\"_ _1\"></span> commitments under the loan agreemen<span class=\"_ _6\"></span>t. These options are explaine<span class=\"_ _6\"></span>d in the Risk revie<span class=\"_ _8\"></span>w on pages 52-75<span class=\"_ _8\"></span>.<span class=\"_ _1\"></span> A summary of the forbear<span class=\"_ _6\"></span>ance measures undertak<span class=\"_ _8\"></span>en (excluding CO<span class=\"_ _8\"></span>VID-19 related paymen<span class=\"_ _6\"></span>t deferr<span class=\"_ _6\"></span>als) during the year is shown belo<span class=\"_ _6\"></span>w<span class=\"_ _8\"></span>. The<span class=\"_ _1\"></span> balances disclosed re\ufb02ect the year end balance of the account<span class=\"_ _6\"></span>s where a forbear<span class=\"_ _6\"></span>ance measure w<span class=\"_ _6\"></span>as undertaken during the ye<span class=\"_ _6\"></span>ar<span class=\"_ _8\"></span>.<span class=\"_ _383\"> </span>Forbearance type Number of accounts<span class=\"_ _383\"> </span>2022<span class=\"_ _383\"> </span>At 3<span class=\"_ _1\"></span>1 Dec<span class=\"_ _1\"></span>ember 2022<span class=\"_ _383\"> </span>\u00a3m<span class=\"_ _383\"> </span>Number of accounts<span class=\"_ _383\"> </span>2021<span class=\"_ _383\"> </span>At 31 December 2021<span class=\"_ _383\"> </span>\u00a3m<span class=\"_ _383\"> </span>Inter<span class=\"_ _6\"></span>est-only swit<span class=\"_ _6\"></span>ch<span class=\"_ _30d\"> </span><span class=\"ff2 lse5 wsea\">70 <span class=\"_ _5c\"> </span><span class=\"ls7e ws16\">12<span class=\"_ _1\"></span>.<span class=\"_ _1\"></span>2 <span class=\"_ _37\"> </span></span></span><span class=\"ls9f wsbc\">159<span class=\"_ _d0\"> </span><span class=\"ls14 ws11\">18.6<span class=\"_ _383\"> </span></span></span>Inter<span class=\"_ _6\"></span>est rat<span class=\"_ _6\"></span>e reduction<span class=\"_ _2b6\"> </span><span class=\"ff2 ls2\">9<span class=\"_ _1\"></span>1 <span class=\"_ _b2\"> </span><span class=\"lsc4 wsc3\">7.<span class=\"_ _2\"></span>5<span class=\"_ _0\"> </span> <span class=\"_ _4f\"> </span></span></span><span class=\"ls12 wsf\">4<span class=\"_ _1\"></span>37<span class=\"_ _ce\"> </span><span class=\"lsed wsf2\">8<span class=\"_ _1\"></span>.1<span class=\"_ _383\"> </span></span></span>T<span class=\"_ _8\"></span>erm extension<span class=\"_ _30e\"> </span><span class=\"ff2 ls2\">53 <span class=\"_ _37\"> </span><span class=\"lsc5 wsc4\">2<span class=\"_ _2\"></span>.9<span class=\"_ _1\"></span> <span class=\"_ _1b4\"> </span></span></span><span class=\"lscd wsce\">271<span class=\"_ _d0\"> </span><span class=\"ls7a wsa1\">16.6<span class=\"_ _383\"> </span></span></span>Payment def<span class=\"_ _6\"></span>erral<span class=\"_ _30f\"> </span><span class=\"ff2 ws6e\">194 <span class=\"_ _50\"> </span><span class=\"ls7e ws11\"> 34.0<span class=\"_ _57\"> </span></span></span><span class=\"ls6f ws75\">499<span class=\"_ _96\"> </span></span><span class=\"ws6e\">43<span class=\"_ _1\"></span>.0<span class=\"_ _383\"> </span></span>V<span class=\"_ _6\"></span>oluntary-assis<span class=\"_ _6\"></span>ted sale<span class=\"_ _310\"> </span><span class=\"ff2 ls2\">5 <span class=\"_ _b2\"> </span><span class=\"ls14 ws11\">1.<span class=\"_ _1\"></span>2 <span class=\"_ _b\"> </span></span><span class=\"ff1\">7<span class=\"_ _53\"> </span><span class=\"ls9f wsbc\">0.8<span class=\"_ _383\"> </span></span></span></span>Payment concession (reduced monthly paymen<span class=\"_ _6\"></span>ts)<span class=\"_ _166\"> </span><span class=\"ff2 ls2\">55 <span class=\"_ _5c\"> </span><span class=\"ls7e ws16\">12<span class=\"_ _1\"></span>.0 <span class=\"_ _ce\"> </span></span></span><span class=\"lsc7 ws7f\">51<span class=\"_ _1c2\"> </span><span class=\"lsed wsf2\">1<span class=\"_ _1\"></span>2<span class=\"_ _2\"></span>.1<span class=\"_ _383\"> </span></span></span>Capitalisation of int<span class=\"_ _6\"></span>erest<span class=\"_ _311\"> </span><span class=\"ff2 lse3 ws91\"> 27<span class=\"_ _53\"> </span><span class=\"lsc6 wsc5\">9.<span class=\"_ _1\"></span>0<span class=\"_ _2\"></span> <span class=\"_ _e5\"> </span></span></span><span class=\"ls14 ws11\">65<span class=\"_ _2ec\"> </span><span class=\"lsed wsf2\">1<span class=\"_ _2\"></span>.1<span class=\"_ _383\"> </span></span></span>Full or partial debt forgiv<span class=\"_ _6\"></span>eness<span class=\"_ _217\"> </span><span class=\"ff2 lscd wsce\">359 <span class=\"_ _1b4\"> </span><span class=\"lsc6 wsc5\">9.<span class=\"_ _2\"></span>6<span class=\"_ _1\"></span> <span class=\"_ _5a\"> </span></span></span><span class=\"ls9f wsbc\">1,078<span class=\"_ _55\"> </span><span class=\"lse3 wse7\">22.6<span class=\"_ _383\"> </span></span></span>To<span class=\"_ _1\"></span>t<span class=\"_ _2\"></span>a<span class=\"_ _2\"></span>l<span class=\"_ _312\"> </span><span class=\"ls1f ws1c\">854<span class=\"_ _59\"> </span>88.4<span class=\"_ _91\"> </span><span class=\"ff1 ls78 ws109\">2<span class=\"_ _1\"></span>,<span class=\"_ _1\"></span>5<span class=\"_ _2\"></span>67<span class=\"_ _e8\"> </span><span class=\"ls86 wsf1\">1<span class=\"_ _2\"></span>2<span class=\"_ _1\"></span>2<span class=\"_ _1\"></span>.9<span class=\"_ _383\"> </span></span></span></span>Loan type<span class=\"_ _313\"> </span><span class=\"fs7 ls2\"> <span class=\"_ _11a\"> </span> <span class=\"_ _21a\"> </span><span class=\"ff1\"> <span class=\"_ _11a\"> </span> </span></span>First char<span class=\"_ _8\"></span>ge owner-occupier<span class=\"_ _314\"> </span><span class=\"ff2 ls12 wsf\">217 <span class=\"_ _5c\"> </span><span class=\"lsc4 wsc3\">2<span class=\"_ _2\"></span>7.<span class=\"_ _0\"> </span>8<span class=\"_ _0\"> </span> <span class=\"_ _254\"> </span></span></span><span class=\"ls7c wsd0\">42<span class=\"_ _1\"></span>4<span class=\"_ _55\"> </span><span class=\"ls88 wse3\">34.<span class=\"_ _1\"></span>8<span class=\"_ _383\"> </span></span></span>Second charge owner<span class=\"_ _6\"></span>-occupier1<span class=\"_ _383\"> </span>460 <span class=\"_ _37\"> </span><span class=\"lsc5 wsc4\">8<span class=\"_ _2\"></span>.9<span class=\"_ _1\"></span> <span class=\"_ _3b\"> </span><span class=\"ff1\">1,9<span class=\"_ _1\"></span>3<span class=\"_ _2\"></span>1<span class=\"_ _254\"> </span><span class=\"lse3 wse7\">3<span class=\"_ _1\"></span>8.7<span class=\"_ _383\"> </span></span></span></span>Buy-to-Le<span class=\"_ _6\"></span>t<span class=\"_ _22f\"> </span><span class=\"ff2 lsc9 wsc9\">107 <span class=\"_ _96\"> </span><span class=\"lsc4 wsc3\">3<span class=\"_ _0\"></span>7.<span class=\"_ _1\"></span>1<span class=\"_ _0\"></span> <span class=\"_ _d0\"> </span></span></span><span class=\"lscc wscd\">160<span class=\"_ _254\"> </span><span class=\"ls88 wse3\">34.<span class=\"_ _1\"></span>6<span class=\"_ _383\"> </span></span></span>Commercial<span class=\"_ _315\"> </span><span class=\"ff2 lse5 wsea\">70 <span class=\"_ _18d\"> </span><span class=\"ls11 ws55\"> 1<span class=\"_ _1\"></span>4.6<span class=\"_ _23f\"> </span></span></span><span class=\"ls7e ws16\">52<span class=\"_ _d0\"> </span><span class=\"ls88 wse3\">14.<span class=\"_ _1\"></span>8<span class=\"_ _383\"> </span></span></span>To<span class=\"_ _1\"></span>t<span class=\"_ _2\"></span>a<span class=\"_ _2\"></span>l<span class=\"_ _312\"> </span><span class=\"ls1f ws1c\">854<span class=\"_ _59\"> </span>88.4<span class=\"_ _91\"> </span><span class=\"ff1 ls78 ws109\">2<span class=\"_ _1\"></span>,<span class=\"_ _1\"></span>5<span class=\"_ _2\"></span>67<span class=\"_ _e8\"> </span><span class=\"ls86 wsf1\">1<span class=\"_ _2\"></span>2<span class=\"_ _1\"></span>2<span class=\"_ _1\"></span>.9<span class=\"_ _383\"> </span></span></span></span>1. <span class=\"_ _41\"> </span> <span class=\"_ _23\"></span>T<span class=\"_ _1\"></span>hr<span class=\"_ _1\"></span>ou<span class=\"_ _1\"></span>gh 202<span class=\"_ _1\"></span>1 an<span class=\"_ _1\"></span>d th<span class=\"_ _1\"></span>e \ufb01rs<span class=\"_ _1\"></span>t qu<span class=\"_ _1\"></span>ar<span class=\"_ _1\"></span>te<span class=\"_ _1\"></span>r of 20<span class=\"_ _1\"></span>22, th<span class=\"_ _1\"></span>e G<span class=\"_ _1\"></span>rou<span class=\"_ _1\"></span>p un<span class=\"_ _1\"></span>de<span class=\"_ _1\"></span>r<span class=\"_ _1\"></span>too<span class=\"_ _1\"></span>k an ex<span class=\"_ _1\"></span>erc<span class=\"_ _1\"></span>is<span class=\"_ _1\"></span>e an<span class=\"_ _1\"></span>d pr<span class=\"_ _1\"></span>ovi<span class=\"_ _1\"></span>de<span class=\"_ _1\"></span>d a s<span class=\"_ _1\"></span>er<span class=\"_ _1\"></span>ie<span class=\"_ _1\"></span>s of fo<span class=\"_ _1\"></span>rb<span class=\"_ _1\"></span>ea<span class=\"_ _1\"></span>ran<span class=\"_ _1\"></span>c<span class=\"_ _1\"></span>e so<span class=\"_ _1\"></span>lut<span class=\"_ _1\"></span>ion<span class=\"_ _1\"></span>s an<span class=\"_ _1\"></span>d opt<span class=\"_ _1\"></span>io<span class=\"_ _1\"></span>ns to l<span class=\"_ _1\"></span>on<span class=\"_ _1\"></span>g-te<span class=\"_ _1\"></span>rm ar<span class=\"_ _1\"></span>re<span class=\"_ _1\"></span>ar<span class=\"_ _1\"></span>s customers on<span class=\"_ _6\"></span> the Second charge<span class=\"_ _6\"></span> portfolio to support and<span class=\"_ _6\"></span> remedy the<span class=\"_ _6\"></span> accrued delinquency.<span class=\"_ _383\"> </span>Geo<span class=\"_ _1\"></span>graphic<span class=\"_ _1\"></span>al analysis by re<span class=\"_ _1\"></span>gion<span class=\"_ _383\"> </span>An analysis of loans<span class=\"_ _6\"></span>, excluding asset \ufb01nance leases<span class=\"_ _8\"></span>, by region is provided belo<span class=\"_ _6\"></span>w:<span class=\"_ _383\"> </span>Region<span class=\"_ _383\"> </span>2022<span class=\"_ _2dc\"> </span><span class=\"ff1\">2021<span class=\"_ _383\"> </span></span>OSB<span class=\"_ _383\"> </span>\u00a3m<span class=\"_ _383\"> </span>CCFS<span class=\"_ _383\"> </span>\u00a3m<span class=\"_ _383\"> </span>To<span class=\"_ _1\"></span>t<span class=\"_ _2\"></span>a<span class=\"_ _1\"></span>l<span class=\"_ _383\"> </span>\u00a3m % OSB<span class=\"_ _383\"> </span>\u00a3m<span class=\"_ _383\"> </span>CCFS<span class=\"_ _383\"> </span>\u00a3m<span class=\"_ _383\"> </span>To<span class=\"_ _1\"></span>t<span class=\"_ _2\"></span>a<span class=\"_ _1\"></span>l<span class=\"_ _383\"> </span>\u00a3m<span class=\"_ _3f\"> </span><span class=\"ls2 ws172\"> % </span>East Anglia<span class=\"_ _1fc\"> </span><span class=\"ff2 ls2c ws29\">453.<span class=\"_ _6\"></span>5<span class=\"_ _8e\"> </span><span class=\"ls2 ws2\">1,<span class=\"_ _6\"></span>136.<span class=\"_ _6\"></span>4<span class=\"_ _d2\"> </span><span class=\"lsc6 wsc5\">1<span class=\"_ _1\"></span>,<span class=\"_ _2\"></span>5<span class=\"_ _2\"></span>8<span class=\"_ _1\"></span>9.<span class=\"_ _1\"></span>9<span class=\"_ _35\"> </span></span>7 <span class=\"_ _a9\"> </span><span class=\"ff1 lsa wse4\">3<span class=\"_ _1\"></span>61<span class=\"_ _1\"></span>.<span class=\"_ _1\"></span>8<span class=\"_ _96\"> </span><span class=\"lsc8 wsc8\">9<span class=\"_ _2\"></span>6<span class=\"_ _1\"></span>7.<span class=\"_ _2\"></span>1<span class=\"_ _7f\"> </span><span class=\"ls2c ws29\">1,328.<span class=\"_ _8\"></span>9<span class=\"_ _d9\"> </span><span class=\"ls2 ws2\">6<span class=\"_ _383\"> </span></span></span></span></span></span></span>East Midlands<span class=\"_ _b8\"> </span><span class=\"ff2 lsc6 wsc5\">6<span class=\"_ _1\"></span>0<span class=\"_ _2\"></span>9.9<span class=\"_ _3e\"> </span><span class=\"lscd wsce\">691.<span class=\"_ _1\"></span>6<span class=\"_ _d2\"> </span><span class=\"ls14 ws11\">1,<span class=\"_ _1\"></span>301.5<span class=\"_ _d9\"> </span><span class=\"ls2 ws2\">6 <span class=\"_ _70\"> </span></span></span></span></span><span class=\"ls7a wsa1\">543.8<span class=\"_ _50\"> </span></span><span class=\"ls2\">555.8<span class=\"_ _76\"> </span><span class=\"lsf8 wsfd\">1<span class=\"_ _1\"></span>,<span class=\"_ _2\"></span>0<span class=\"_ _2\"></span>9<span class=\"_ _2\"></span>9.<span class=\"_ _2\"></span>6<span class=\"_ _118\"> </span></span>5<span class=\"_ _383\"> </span></span>Greater L<span class=\"_ _6\"></span>ondon<span class=\"_ _110\"> </span><span class=\"ff2 lsc6 wsc5\">5<span class=\"_ _2\"></span>,<span class=\"_ _1\"></span>5<span class=\"_ _2\"></span>5<span class=\"_ _2\"></span>9.<span class=\"_ _2\"></span>3<span class=\"_ _6c\"> </span><span class=\"ls7a wsa1\">3,293<span class=\"_ _1\"></span>.0<span class=\"_ _a5\"> </span><span class=\"lsf9 ws82\">8,852.3<span class=\"_ _52\"> </span><span class=\"ls2 ws2\">38 <span class=\"_ _9a\"> </span></span></span></span></span><span class=\"lsc5 wsc4\">4<span class=\"_ _1\"></span>,9<span class=\"_ _1\"></span>8<span class=\"_ _2\"></span>3<span class=\"_ _2\"></span>.<span class=\"_ _1\"></span>7<span class=\"_ _6b\"> </span><span class=\"lsc9 wsc9\">3,0<span class=\"_ _1\"></span>52.<span class=\"_ _1\"></span>6<span class=\"_ _6e\"> </span>8<span class=\"_ _1\"></span>,0<span class=\"_ _1\"></span>36.<span class=\"_ _1\"></span>3<span class=\"_ _23f\"> </span></span></span><span class=\"ls2\">39<span class=\"_ _383\"> </span></span>Guernsey<span class=\"_ _137\"> </span><span class=\"ff2 ls6f ws75\">21.5<span class=\"_ _1cc\"> </span><span class=\"ls2 ws2\">\u2013<span class=\"_ _55\"> </span></span>21.5<span class=\"_ _1cc\"> </span><span class=\"ls2 ws2\">\u2013<span class=\"_ _55\"> </span></span></span><span class=\"ls1e ws43\">26.<span class=\"_ _1\"></span>3<span class=\"_ _d9\"> </span><span class=\"ls2 ws2\">\u2013<span class=\"_ _55\"> </span></span>26.3<span class=\"_ _d9\"> </span><span class=\"ls2 ws2\">\u2013<span class=\"_ _383\"> </span></span></span>Jersey<span class=\"_ _316\"> </span><span class=\"ff2 ls7d wse2\">75.6<span class=\"_ _1cc\"> </span><span class=\"ls2 ws2\">\u2013<span class=\"_ _9d\"> </span></span>75.6<span class=\"_ _1cc\"> </span><span class=\"ls2 ws2\">\u2013<span class=\"_ _254\"> </span></span></span><span class=\"lsf8 wsfd\">9<span class=\"_ _0\"></span>9.<span class=\"_ _2\"></span>3<span class=\"_ _35\"> </span><span class=\"ls2 ws2\">\u2013<span class=\"_ _254\"> </span></span>9<span class=\"_ _2\"></span>9.<span class=\"_ _2\"></span>3<span class=\"_ _35\"> </span><span class=\"ls2 ws2\">\u2013<span class=\"_ _383\"> </span></span></span>North East<span class=\"_ _150\"> </span><span class=\"ff2 lsc6 wsc5\">16<span class=\"_ _2\"></span>9.<span class=\"_ _2\"></span>8<span class=\"_ _86\"> </span><span class=\"ls11 ws6e\">2<span class=\"_ _1\"></span>74.5<span class=\"_ _98\"> </span><span class=\"ls14 ws11\">444.3<span class=\"_ _d9\"> </span><span class=\"ls2 ws2\">2 <span class=\"_ _a9\"> </span></span></span></span></span><span class=\"ls86 wsf1\">1<span class=\"_ _1\"></span>5<span class=\"_ _1\"></span>3<span class=\"_ _2\"></span>.9<span class=\"_ _3e\"> </span><span class=\"lsd7 wsd7\">2<span class=\"_ _1\"></span>4<span class=\"_ _2\"></span>4.4<span class=\"_ _3e\"> </span><span class=\"ls6f ws75\">398.3<span class=\"_ _d9\"> </span></span></span></span><span class=\"ls2\">2<span class=\"_ _383\"> </span></span>North W<span class=\"_ _6\"></span>est<span class=\"_ _1fc\"> </span><span class=\"ff2 ls2\">906.6<span class=\"_ _a9\"> </span><span class=\"lscd wsce\">921.8<span class=\"_ _6e\"> </span><span class=\"ls81 wsdf\">1,<span class=\"_ _2\"></span>82<span class=\"_ _1\"></span>8<span class=\"_ _1\"></span>.4<span class=\"_ _35\"> </span></span></span>7 <span class=\"_ _86\"> </span></span><span class=\"lsd5 wsd5\">76<span class=\"_ _1\"></span>2<span class=\"_ _2\"></span>.<span class=\"_ _1\"></span>3<span class=\"_ _3e\"> </span></span><span class=\"ws6e\">755.0<span class=\"_ _70\"> </span><span class=\"lsc8 wsc8\">1<span class=\"_ _0\"></span>,<span class=\"_ _0\"></span>5<span class=\"_ _2\"></span>1<span class=\"_ _2\"></span>7.<span class=\"_ _3\"> </span>3<span class=\"_ _111\"> </span></span></span><span class=\"ls2\">7<span class=\"_ _383\"> </span></span>Northern Ireland<span class=\"_ _1ab\"> </span><span class=\"ff2 ls7e ws16\">10.0<span class=\"_ _1cc\"> </span><span class=\"ls2 ws2\">\u2013<span class=\"_ _96\"> </span></span>10.0<span class=\"_ _1cc\"> </span><span class=\"ls2 ws2\">\u2013<span class=\"_ _37\"> </span></span></span><span class=\"ls86 wsf1\">1<span class=\"_ _1\"></span>0<span class=\"_ _1\"></span>.9<span class=\"_ _d9\"> </span></span><span class=\"ls2\">\u2013<span class=\"_ _37\"> </span><span class=\"ls86 wsf1\">1<span class=\"_ _1\"></span>0<span class=\"_ _1\"></span>.9<span class=\"_ _d9\"> </span></span>\u2013<span class=\"_ _383\"> </span></span>Scotland<span class=\"_ _82\"> </span><span class=\"ff2 ls2 ws2\">36.9<span class=\"_ _a9\"> </span><span class=\"ls33 ws30\">2<span class=\"_ _1\"></span>61.<span class=\"_ _1\"></span>3<span class=\"_ _98\"> </span><span class=\"lscd wsce\">298.<span class=\"_ _1\"></span>2<span class=\"_ _111\"> </span></span></span>1 <span class=\"_ _e8\"> </span></span><span class=\"ls7a wsa1\">35.<span class=\"_ _1\"></span>2<span class=\"_ _a9\"> </span><span class=\"ls1e ws43\">226<span class=\"_ _1\"></span>.0<span class=\"_ _3b\"> </span><span class=\"lsa wse4\">2<span class=\"_ _1\"></span>61<span class=\"_ _1\"></span>.<span class=\"_ _1\"></span>2<span class=\"_ _103\"> </span><span class=\"ls2 ws2\">1<span class=\"_ _383\"> </span></span></span></span></span>South East<span class=\"_ _1a8\"> </span><span class=\"ff2 ls14 ws11\">2,8<span class=\"_ _1\"></span>02.<span class=\"_ _1\"></span>8<span class=\"_ _40\"> </span>1,681.<span class=\"_ _1\"></span>5<span class=\"_ _6c\"> </span><span class=\"ls22 ws1f\">4,4<span class=\"_ _1\"></span>8<span class=\"_ _1\"></span>4.<span class=\"_ _2\"></span>3<span class=\"_ _2ec\"> </span><span class=\"ls11 ws6e\">19 <span class=\"_ _9a\"> </span></span></span></span><span class=\"ls2\">2,792.6<span class=\"_ _76\"> </span><span class=\"lsd7 wsd7\">1<span class=\"_ _1\"></span>,4<span class=\"_ _1\"></span>5<span class=\"_ _1\"></span>2<span class=\"_ _1\"></span>.4<span class=\"_ _6b\"> </span><span class=\"ls88 wse3\">4,<span class=\"_ _1\"></span>2<span class=\"_ _1\"></span>45<span class=\"_ _1\"></span>.0<span class=\"_ _23f\"> </span><span class=\"ls14 ws11\">20<span class=\"_ _383\"> </span></span></span></span></span>South W<span class=\"_ _8\"></span>est<span class=\"_ _1fc\"> </span><span class=\"ff2 lscd wsce\">893.7<span class=\"_ _50\"> </span><span class=\"lsc6 wsc5\">6<span class=\"_ _1\"></span>5<span class=\"_ _1\"></span>9.<span class=\"_ _2\"></span>6<span class=\"_ _121\"> </span><span class=\"ls2c ws29\">1,553.3<span class=\"_ _d9\"> </span><span class=\"ls2 ws2\">7 <span class=\"_ _70\"> </span></span></span></span></span><span class=\"ls14 ws11\">825.5<span class=\"_ _5a\"> </span><span class=\"ls88 wse3\">5<span class=\"_ _1\"></span>44.<span class=\"_ _1\"></span>3<span class=\"_ _76\"> </span><span class=\"lsf8 wsfd\">1<span class=\"_ _2\"></span>,<span class=\"_ _2\"></span>3<span class=\"_ _2\"></span>6<span class=\"_ _2\"></span>9.<span class=\"_ _2\"></span>8<span class=\"_ _169\"> </span></span></span></span><span class=\"ls2\">7<span class=\"_ _383\"> </span></span>W<span class=\"_ _8\"></span>ales<span class=\"_ _317\"> </span><span class=\"ff2 lsc4 wsc3\">2<span class=\"_ _2\"></span>9<span class=\"_ _0\"></span>7.<span class=\"_ _0\"></span>5<span class=\"_ _50\"> </span></span><span class=\"ff2\">28<span class=\"_ _1\"></span>4.7<span class=\"_ _8c\"> </span><span class=\"ls7d wse2\">582.2<span class=\"_ _d9\"> </span><span class=\"ls2 ws2\">2 <span class=\"_ _91\"> </span></span></span></span><span class=\"lsed wsf2\">2<span class=\"_ _1\"></span>72<span class=\"_ _2\"></span>.1<span class=\"_ _a9\"> </span><span class=\"ls9f wsbc\">24<span class=\"_ _1\"></span>0.6<span class=\"_ _5c\"> </span><span class=\"lsc7 ws7f\">512.<span class=\"_ _1\"></span>7<span class=\"_ _d9\"> </span><span class=\"ls2 ws2\">2<span class=\"_ _383\"> </span></span></span></span></span>W<span class=\"_ _8\"></span>est Midlands<span class=\"_ _1ab\"> </span><span class=\"ff2 lsc5 wsc4\">9<span class=\"_ _1\"></span>0<span class=\"_ _2\"></span>8<span class=\"_ _1\"></span>.9<span class=\"_ _3d\"> </span><span class=\"ls9e ws98\">76<span class=\"_ _1\"></span>1<span class=\"_ _2\"></span>.<span class=\"_ _2\"></span>3<span class=\"_ _6b\"> </span><span class=\"lse5 wsea\">1<span class=\"_ _1\"></span>,<span class=\"_ _1\"></span>670<span class=\"_ _1\"></span>.<span class=\"_ _1\"></span>2<span class=\"_ _35\"> </span><span class=\"ls2 ws2\">7 <span class=\"_ _98\"> </span></span></span></span></span><span class=\"ls86 wsf1\">70<span class=\"_ _2\"></span>6<span class=\"_ _1\"></span>.9<span class=\"_ _18d\"> </span><span class=\"lsf8 wsfd\">6<span class=\"_ _2\"></span>2<span class=\"_ _2\"></span>9.<span class=\"_ _2\"></span>8<span class=\"_ _73\"> </span><span class=\"ls9f wsbc\">1,3<span class=\"_ _1\"></span>36.<span class=\"_ _1\"></span>7<span class=\"_ _35\"> </span></span></span></span><span class=\"ls2\">7<span class=\"_ _383\"> </span></span>Y<span class=\"_ _1f6\"></span>orks and Humberside<span class=\"_ _b\"> </span><span class=\"ff2 ls6f ws75\">335.5<span class=\"_ _3b\"> </span><span class=\"lsc4 wsc3\">5<span class=\"_ _2\"></span>1<span class=\"_ _2\"></span>7.<span class=\"_ _0\"></span>7<span class=\"_ _98\"> </span><span class=\"ls2c ws29\">853.<span class=\"_ _1\"></span>2<span class=\"_ _1cc\"> </span><span class=\"ls2 ws2\">4 <span class=\"_ _70\"> </span></span></span></span></span><span class=\"ls7a wsa1\">36<span class=\"_ _1\"></span>6.8<span class=\"_ _50\"> </span><span class=\"lsd3 ws86\">438.8<span class=\"_ _50\"> </span></span>805.6<span class=\"_ _d9\"> </span></span><span class=\"ls2\">4<span class=\"_ _383\"> </span></span>T<span class=\"_ _8\"></span>otal loans before provisions<span class=\"_ _b8\"> </span><span class=\"ls14 ws11\">13,081.5<span class=\"_ _1fe\"> </span><span class=\"ls81 wsdf\">1<span class=\"_ _1\"></span>0,4<span class=\"_ _1\"></span>8<span class=\"_ _1\"></span>3<span class=\"_ _2\"></span>.4<span class=\"_ _a2\"> </span><span class=\"lsc5 wsc4\">2<span class=\"_ _1\"></span>3<span class=\"_ _2\"></span>,<span class=\"_ _1\"></span>5<span class=\"_ _1\"></span>6<span class=\"_ _2\"></span>4<span class=\"_ _1\"></span>.9<span class=\"_ _1b4\"> </span><span class=\"lse3 wse7\">10<span class=\"_ _1\"></span>0 <span class=\"_ _40\"> </span><span class=\"ff1 ls9f wsbc\">11,94<span class=\"_ _6\"></span>1.<span class=\"_ _6\"></span>1<span class=\"_ _76\"> </span><span class=\"lsf8 wsfd\">9,1<span class=\"_ _2\"></span>0<span class=\"_ _2\"></span>6<span class=\"_ _2\"></span>.<span class=\"_ _2\"></span>8<span class=\"_ _6e\"> </span><span class=\"lsc8 wsc8\">2<span class=\"_ _2\"></span>1<span class=\"_ _0\"></span>,<span class=\"_ _0\"></span>0<span class=\"_ _0\"></span>4<span class=\"_ _2\"></span>7.<span class=\"_ _1\"></span>9<span class=\"_ _15c\"> </span><span class=\"ls6f ws75\">10<span class=\"_ _1\"></span>0 </span></span></span></span></span></span></span></span>Appr<span class=\"_ _1\"></span>oa<span class=\"_ _1\"></span>ch to me<span class=\"_ _1\"></span>as<span class=\"_ _1\"></span>urem<span class=\"_ _1\"></span>ent o<span class=\"_ _1\"></span>f cre<span class=\"_ _1\"></span>dit qualit<span class=\"_ _1\"></span>y<span class=\"_ _383\"> </span>The Group categorises the cr<span class=\"_ _6\"></span>edit quality of loans and advances to cus<span class=\"_ _6\"></span>tomers in<span class=\"_ _6\"></span>to internal risk gr<span class=\"_ _6\"></span>ades based on the 12 month PD calculate<span class=\"_ _6\"></span>d at the reporting date. The PDs include a combination of in<span class=\"_ _6\"></span>ternal behavioural and cr<span class=\"_ _6\"></span>edit bureau char<span class=\"_ _6\"></span>acteristics and ar<span class=\"_ _6\"></span>e aligned with Capital models to generate the risk gr<span class=\"_ _6\"></span>ades which are then further grouped in<span class=\"_ _6\"></span>to the following cr<span class=\"_ _6\"></span>edit quality segments:<span class=\"_ _383\"> </span>\u2022 <span class=\"_ _124\"> </span><span class=\"ws2\">Excellent quality \u2013 where there is a v<span class=\"_ _8\"></span>ery high likelihood the asset will be r<span class=\"_ _6\"></span>ecover<span class=\"_ _6\"></span>ed in full with a negligible or very lo<span class=\"_ _6\"></span>w risk of default.<span class=\"_ _383\"> </span></span>\u2022 <span class=\"_ _124\"> </span><span class=\"ws2\">Good quality \u2013 where there is a high lik<span class=\"_ _8\"></span>eliho<span class=\"_ _1\"></span>od the asset will be recov<span class=\"_ _6\"></span>ered in full with a lo<span class=\"_ _6\"></span>w risk of def<span class=\"_ _6\"></span>ault.<span class=\"_ _383\"> </span></span>\u2022 <span class=\"_ _124\"> </span><span class=\"ws2\">Satisfactory quality \u2013 where the assets demons<span class=\"_ _6\"></span>trate a moder<span class=\"_ _8\"></span>ate default risk. </span>\u2022 <span class=\"_ _124\"> </span><span class=\"ws2\">Low<span class=\"_ _6\"></span>er quality \u2013 where the assets r<span class=\"_ _6\"></span>equire closer monitoring and the risk o<span class=\"_ _6\"></span>f default is of gr<span class=\"_ _6\"></span>eater concern.<span class=\"_ _383\"> </span></span>The following t<span class=\"_ _6\"></span>ables disclose the credit risk quality r<span class=\"_ _6\"></span>atings of loans and advances to cus<span class=\"_ _6\"></span>tomers by IFRS 9 s<span class=\"_ _6\"></span>tage. The assessmen<span class=\"_ _6\"></span>t of whether cr<span class=\"_ _6\"></span>edit risk has increased signi\ufb01can<span class=\"_ _6\"></span>tly since initial recognition is performed for each reporting period for the lif<span class=\"_ _6\"></span>e of the loan. Lo<span class=\"_ _6\"></span>ans and advances to customer<span class=\"_ _6\"></span>s initially book<span class=\"_ _6\"></span>ed on very lo<span class=\"_ _6\"></span>w PDs and graded as e<span class=\"_ _6\"></span>xcellent quality loans c<span class=\"_ _6\"></span>an experience a SICR and theref<span class=\"_ _6\"></span>ore be mo<span class=\"_ _6\"></span>ved to St<span class=\"_ _6\"></span>age 2. Such loans may still be gr<span class=\"_ _6\"></span>aded as ex<span class=\"_ _6\"></span>cellent quality, if they meet the ov<span class=\"_ _6\"></span>erall criteria. During 2022, the Group de<span class=\"_ _8\"></span>veloped capital models as part of the IRB progr<span class=\"_ _6\"></span>amme. As a result, the disclosur<span class=\"_ _6\"></span>es pro<span class=\"_ _6\"></span>vided below ar<span class=\"_ _6\"></span>e now aligned to internal capital models and r<span class=\"_ _8\"></span>ating systems. The 2<span class=\"_ _6\"></span>021 \ufb01gures wer<span class=\"_ _6\"></span>e updated to r<span class=\"_ _6\"></span>e\ufb02ect the re<span class=\"_ _6\"></span>vised alignment with capital models which, compar<span class=\"_ _6\"></span>ed to 2021 Annual r<span class=\"_ _6\"></span>eport disclosures, result<span class=\"_ _6\"></span>ed in a reduction of 11% fr<span class=\"_ _6\"></span>om OSB segmen<span class=\"_ _6\"></span>t\u2019<span class=\"_ _1f6\"></span>s Excellent quality, a 6% increase in Good, a 3% increase in Satisfactory and a 2% incr<span class=\"_ _6\"></span>ease in Lo<span class=\"_ _6\"></span>wer<span class=\"_ _1f6\"></span>. CCFS segment \ufb01gures r<span class=\"_ _6\"></span>emain largely aligned with minor mo<span class=\"_ _6\"></span>vemen<span class=\"_ _6\"></span>ts across segmen<span class=\"_ _6\"></span>ts.<span class=\"_ _383\"> </span>2022<span class=\"_ _383\"> </span>Stage 1<span class=\"_ _383\"> </span>\u00a3m<span class=\"_ _383\"> </span>Stage 2<span class=\"_ _383\"> </span>\u00a3m<span class=\"_ _383\"> </span>Stage 3<span class=\"_ _383\"> </span>\u00a3m<span class=\"_ _383\"> </span>Stage 3<span class=\"_ _383\"> </span>(POCI)<span class=\"_ _383\"> </span>\u00a3m<span class=\"_ _383\"> </span>To<span class=\"_ _1\"></span>t<span class=\"_ _2\"></span>a<span class=\"_ _1\"></span>l<span class=\"_ _383\"> </span>\u00a3m<span class=\"_ _383\"> </span>PD low<span class=\"_ _6\"></span>er range<span class=\"_ _383\"> </span>%<span class=\"_ _383\"> </span>PD upper range<span class=\"_ _383\"> </span>%<span class=\"_ _383\"> </span>OSB<span class=\"_ _15b\"> </span><span class=\"ls2 ws2\"> <span class=\"_ _21a\"> </span> <span class=\"_ _11a\"> </span> <span class=\"_ _11a\"> </span> <span class=\"_ _11a\"> </span> <span class=\"_ _11a\"> </span> <span class=\"_ _11a\"> </span> </span>Excellent<span class=\"_ _1c0\"> </span><span class=\"ff2 ls2 ws2\">4,<span class=\"_ _6\"></span>136.6 <span class=\"_ _122\"> </span><span class=\"lsca wsca\">470<span class=\"_ _1\"></span>.<span class=\"_ _1\"></span>6<span class=\"_ _1\"></span> <span class=\"_ _3f\"> </span></span>\u2013 <span class=\"_ _20e\"> </span>\u2013 <span class=\"_ _1a\"> </span>4,60<span class=\"_ _6\"></span>7<span class=\"_ _1f6\"></span>.2 <span class=\"_ _3f\"> </span>\u2013 <span class=\"_ _61\"> </span><span class=\"ls11 ws6e\">0.<span class=\"_ _1\"></span>3 </span></span>Good<span class=\"_ _1be\"> </span><span class=\"ff2 ls6f ws75\">5,848.5 <span class=\"_ _1a\"> </span><span class=\"ls81 wsdf\">1<span class=\"_ _1\"></span>,<span class=\"_ _2\"></span>24<span class=\"_ _1\"></span>8<span class=\"_ _1\"></span>.4<span class=\"_ _1\"></span> <span class=\"_ _3f\"> </span><span class=\"ls2 ws2\">\u2013 <span class=\"_ _20e\"> </span>\u2013 <span class=\"_ _89\"> </span>7<span class=\"_ _1f6\"></span>,096.<span class=\"_ _8\"></span>9 <span class=\"_ _d0\"> </span><span class=\"ls11 ws6e\">0.3<span class=\"_ _1\"></span> <span class=\"_ _61\"> </span><span class=\"ls7e ws16\">2.0<span class=\"_ _1\"></span> </span></span></span></span></span>Satisfactory<span class=\"_ _318\"> </span><span class=\"ff2 ls14 ws11\">331.8 <span class=\"_ _122\"> </span></span><span class=\"ff2\">374.<span class=\"_ _1\"></span>2<span class=\"_ _1\"></span> <span class=\"_ _20e\"> </span><span class=\"ls2 ws2\">\u2013 <span class=\"_ _3f\"> </span>\u2013 <span class=\"_ _94\"> </span>706.0 <span class=\"_ _9c\"> </span><span class=\"ls7e ws16\">2.0<span class=\"_ _1\"></span> <span class=\"_ _63\"> </span><span class=\"lsc4 wsc3\">7.<span class=\"_ _1\"></span>4<span class=\"_ _0\"> </span> </span></span></span></span>Lower<span class=\"_ _2a1\"> </span><span class=\"ff2 lsc6 wsc5\">2<span class=\"_ _1\"></span>9.9<span class=\"_ _2\"></span> <span class=\"_ _8c\"> </span><span class=\"ls2 ws2\">416.5 <span class=\"_ _20e\"> </span>\u2013 <span class=\"_ _3f\"> </span>\u2013 <span class=\"_ _7d\"> </span>446.4 <span class=\"_ _b2\"> </span><span class=\"lsc4 wsc3\">7.<span class=\"_ _2\"></span>4<span class=\"_ _0\"></span> <span class=\"_ _74\"> </span><span class=\"ls7e ws16\">10<span class=\"_ _1\"></span>0.0 </span></span></span></span>Impaired<span class=\"_ _2a1\"> </span><span class=\"ff2 ls2 ws2\">\u2013 <span class=\"_ _3f\"> </span>\u2013 <span class=\"_ _74\"> </span><span class=\"lsc6 wsc5\">3<span class=\"_ _2\"></span>4<span class=\"_ _2\"></span>9.<span class=\"_ _1\"></span>7<span class=\"_ _2\"></span> <span class=\"_ _3f\"> </span></span>\u2013 <span class=\"_ _74\"> </span><span class=\"lsc6 wsc5\">3<span class=\"_ _2\"></span>4<span class=\"_ _2\"></span>9.<span class=\"_ _2\"></span>7<span class=\"_ _2\"></span> <span class=\"_ _122\"> </span><span class=\"ls7e ws16\">1<span class=\"_ _1\"></span>00.0<span class=\"_ _1\"></span> <span class=\"_ _74\"> </span>10<span class=\"_ _1\"></span>0.0 </span></span></span>POCI<span class=\"_ _319\"> </span><span class=\"ff2 ls2 ws2\">\u2013 <span class=\"_ _20e\"> </span>\u2013 <span class=\"_ _3f\"> </span>\u2013 <span class=\"_ _3d\"> </span><span class=\"ls6f ws75\">38.5 <span class=\"_ _3d\"> </span>38<span class=\"_ _1\"></span>.5 <span class=\"_ _74\"> </span><span class=\"ls7e ws16\">10<span class=\"_ _1\"></span>0.0 <span class=\"_ _74\"> </span>10<span class=\"_ _1\"></span>0.0 </span></span></span>CCFS<span class=\"_ _f8\"> </span><span class=\"ls2 ws2\"> <span class=\"_ _21a\"> </span> <span class=\"_ _11a\"> </span> <span class=\"_ _11a\"> </span> <span class=\"_ _11a\"> </span> <span class=\"_ _11a\"> </span> <span class=\"_ _11a\"> </span> </span>Excellent<span class=\"_ _2c8\"> </span><span class=\"ff2 ls2 ws2\">5,800.<span class=\"_ _1\"></span>2 <span class=\"_ _50\"> </span><span class=\"lsc3 wsc2\">9<span class=\"_ _2\"></span>1<span class=\"_ _1\"></span>0<span class=\"_ _1\"></span>.1<span class=\"_ _1\"></span> <span class=\"_ _3f\"> </span></span>\u2013 <span class=\"_ _20e\"> </span>\u2013 <span class=\"_ _89\"> </span></span><span class=\"ff2\">6,7<span class=\"_ _1\"></span>10.3<span class=\"_ _1\"></span> <span class=\"_ _3f\"> </span><span class=\"ls2 ws2\">\u2013 <span class=\"_ _9c\"> </span></span>0.<span class=\"_ _1\"></span>3 </span>Good<span class=\"_ _1be\"> </span><span class=\"ff2 lsf6 wsfb\">2,39<span class=\"_ _6\"></span>4.2<span class=\"_ _6\"></span> <span class=\"_ _7d\"> </span><span class=\"ls7a wsa1\">668.2 <span class=\"_ _3f\"> </span><span class=\"ls2 ws2\">\u2013 <span class=\"_ _20e\"> </span>\u2013 <span class=\"_ _aa\"> </span>3,062.4 <span class=\"_ _9c\"> </span><span class=\"ls11 ws6e\">0.<span class=\"_ _1\"></span>3 <span class=\"_ _61\"> </span><span class=\"ls7e ws16\">2<span class=\"_ _1\"></span>.0 </span></span></span></span></span>Satisfactory<span class=\"_ _2c8\"> </span><span class=\"ff2 ls81 wsdf\">151<span class=\"_ _1\"></span>.4<span class=\"_ _1\"></span> <span class=\"_ _8c\"> </span><span class=\"ls2c ws29\">143.9 <span class=\"_ _20e\"> </span><span class=\"ls2 ws2\">\u2013 <span class=\"_ _20e\"> </span>\u2013 <span class=\"_ _94\"> </span><span class=\"lscd wsce\">2<span class=\"_ _1\"></span>95.3 <span class=\"_ _61\"> </span><span class=\"ls7e ws16\">2<span class=\"_ _1\"></span>.0 <span class=\"_ _63\"> </span><span class=\"lsc4 wsc3\">7.<span class=\"_ _2\"></span>4<span class=\"_ _0\"></span> </span></span></span></span></span></span>Lower<span class=\"_ _2a1\"> </span><span class=\"ff2 lsc6 wsc5\">2<span class=\"_ _1\"></span>9.<span class=\"_ _1\"></span>7<span class=\"_ _2\"></span> <span class=\"_ _70\"> </span><span class=\"ls14 ws11\">185.<span class=\"_ _1\"></span>2 <span class=\"_ _3f\"> </span><span class=\"ls2 ws2\">\u2013 <span class=\"_ _20e\"> </span>\u2013 <span class=\"_ _8c\"> </span><span class=\"ls6f ws75\">214.9 <span class=\"_ _b2\"> </span><span class=\"lsc4 wsc3\">7.<span class=\"_ _2\"></span>4<span class=\"_ _0\"></span> <span class=\"_ _74\"> </span><span class=\"ls7e ws16\">10<span class=\"_ _1\"></span>0.0 </span></span></span></span></span></span>Impaired<span class=\"_ _2a1\"> </span><span class=\"ff2 ls2 ws2\">\u2013 <span class=\"_ _3f\"> </span>\u2013 <span class=\"_ _83\"> </span>156.0 <span class=\"_ _3f\"> </span>\u2013 <span class=\"_ _83\"> </span>156.0 <span class=\"_ _74\"> </span><span class=\"ls7e ws16\">10<span class=\"_ _1\"></span>0.0 <span class=\"_ _74\"> </span>10<span class=\"_ _1\"></span>0.0 </span></span>POCI<span class=\"_ _319\"> </span><span class=\"ff2 ls2 ws2\">\u2013 <span class=\"_ _20e\"> </span>\u2013 <span class=\"_ _3f\"> </span>\u2013 <span class=\"_ _3d\"> </span></span><span class=\"ff2\">44.5<span class=\"_ _1\"></span> <span class=\"_ _3d\"> </span>44.5<span class=\"_ _1\"></span> <span class=\"_ _74\"> </span><span class=\"ls7e ws16\">10<span class=\"_ _1\"></span>0.0 <span class=\"_ _74\"> </span>10<span class=\"_ _1\"></span>0.0 </span></span> <span class=\"_ _31a\"> </span><span class=\"ff2 ls33 ws30\">18<span class=\"_ _1\"></span>,<span class=\"_ _1\"></span>72<span class=\"_ _1\"></span>2<span class=\"_ _1\"></span>.<span class=\"_ _1\"></span>3<span class=\"_ _1\"></span> <span class=\"_ _40\"> </span><span class=\"lsc4 wsc3\">4<span class=\"_ _0\"></span>,<span class=\"_ _2\"></span>4<span class=\"_ _2\"></span>1<span class=\"_ _2\"></span>7.<span class=\"_ _1\"></span>1<span class=\"_ _0\"> </span> <span class=\"_ _94\"> </span><span class=\"lscd wsce\">50<span class=\"_ _1\"></span>5.7 <span class=\"_ _18d\"> </span><span class=\"ls7e ws16\">8<span class=\"_ _1\"></span>3.0<span class=\"_ _1\"></span> <span class=\"_ _fc\"> </span></span></span></span></span><span class=\"ff2\">23,728.<span class=\"_ _8\"></span>1 <span class=\"_ _18e\"> </span> <span class=\"_ _11a\"> </span> </span>2021<span class=\"_ _383\"> </span>Stage 1<span class=\"_ _383\"> </span>\u00a3m<span class=\"_ _383\"> </span>Stage 2<span class=\"_ _383\"> </span>\u00a3m<span class=\"_ _383\"> </span>Stage 3<span class=\"_ _383\"> </span>\u00a3m<span class=\"_ _383\"> </span>Stage 3<span class=\"_ _383\"> </span>(POCI)<span class=\"_ _383\"> </span>\u00a3m<span class=\"_ _383\"> </span>To<span class=\"_ _1\"></span>t<span class=\"_ _2\"></span>a<span class=\"_ _1\"></span>l<span class=\"_ _383\"> </span>\u00a3m<span class=\"_ _383\"> </span>PD low<span class=\"_ _6\"></span>er <span class=\"ls2\"> </span>range<span class=\"_ _383\"> </span>%<span class=\"_ _383\"> </span>PD upper <span class=\"ls2\"> </span>range<span class=\"_ _383\"> </span>%<span class=\"_ _383\"> </span>OSB<span class=\"_ _383\"> </span>Excellent<span class=\"_ _31b\"> </span><span class=\"lsf8 wsfd\">3<span class=\"_ _2\"></span>,9<span class=\"_ _2\"></span>4<span class=\"_ _2\"></span>9.<span class=\"_ _0\"></span>2<span class=\"_ _2\"></span> <span class=\"_ _5a\"> </span>1<span class=\"_ _2\"></span>5<span class=\"_ _2\"></span>9.<span class=\"_ _2\"></span>6<span class=\"_ _2\"></span> <span class=\"_ _3f\"> </span><span class=\"ls2 ws2\">\u2013 <span class=\"_ _20e\"> </span>\u2013 <span class=\"_ _6e\"> </span><span class=\"ls89 wscc\">4,1<span class=\"_ _1\"></span>0<span class=\"_ _2\"></span>8<span class=\"_ _1\"></span>.<span class=\"_ _1\"></span>8<span class=\"_ _1\"></span> <span class=\"_ _3f\"> </span></span>\u2013 <span class=\"_ _1b4\"> </span><span class=\"ls9f wsbc\">0.3 </span></span></span>Good<span class=\"_ _c4\"> </span><span class=\"ls7a wsa1\">6,045.0 <span class=\"_ _83\"> </span>486.<span class=\"_ _1\"></span>8 <span class=\"_ _3f\"> </span><span class=\"ls2 ws2\">\u2013 <span class=\"_ _20e\"> </span>\u2013 <span class=\"_ _6e\"> </span><span class=\"ls9f wsbc\">6,53<span class=\"_ _1\"></span>1.8 <span class=\"_ _1b4\"> </span>0.<span class=\"_ _1\"></span>3 <span class=\"_ _1b4\"> </span></span>2.0 </span></span>Satisfactory<span class=\"_ _23a\"> </span><span class=\"ls86 wsf1\">4<span class=\"_ _1\"></span>3<span class=\"_ _2\"></span>5<span class=\"_ _1\"></span>.9<span class=\"_ _2\"></span> <span class=\"_ _86\"> </span><span class=\"lsc8 wsc8\">2<span class=\"_ _0\"></span>3<span class=\"_ _0\"></span>7.<span class=\"_ _0\"></span>2<span class=\"_ _0\"></span> <span class=\"_ _3f\"> </span><span class=\"ls2 ws2\">\u2013 <span class=\"_ _3f\"> </span>\u2013 <span class=\"_ _91\"> </span><span class=\"lsed wsf2\">67<span class=\"_ _1\"></span>3<span class=\"_ _2\"></span>.1<span class=\"_ _1\"></span> <span class=\"_ _1b4\"> </span></span>2.0 <span class=\"_ _15c\"> </span></span>7.<span class=\"_ _2\"></span>4<span class=\"_ _0\"></span> </span></span>Lower<span class=\"_ _bd\"> </span><span class=\"ls2 ws2\">72.6 <span class=\"_ _83\"> </span><span class=\"ls1e ws43\">26<span class=\"_ _1\"></span>0.<span class=\"_ _1\"></span>2 <span class=\"_ _3f\"> </span></span>\u2013 <span class=\"_ _3f\"> </span>\u2013 <span class=\"_ _70\"> </span>332.8 <span class=\"_ _15c\"> </span><span class=\"lsc8 wsc8\">7.<span class=\"_ _2\"></span>4<span class=\"_ _0\"></span> <span class=\"_ _98\"> </span><span class=\"ls11 ws6e\">100.0<span class=\"_ _1\"></span> </span></span></span>Impaired<span class=\"_ _2a1\"> </span><span class=\"ls2 ws2\">\u2013 <span class=\"_ _3f\"> </span>\u2013 <span class=\"_ _70\"> </span><span class=\"ls7a wsa1\">365.6 <span class=\"_ _3f\"> </span></span>\u2013 <span class=\"_ _70\"> </span><span class=\"ls7a wsa1\">365.6 <span class=\"_ _98\"> </span></span></span>100.0 <span class=\"_ _98\"> </span>10<span class=\"_ _1\"></span>0.0 POCI<span class=\"_ _319\"> </span><span class=\"ls2 ws2\">\u2013 <span class=\"_ _3f\"> </span>\u2013 <span class=\"_ _3f\"> </span>\u2013 <span class=\"_ _e8\"> </span><span class=\"ls79 wse8\">45.2<span class=\"_ _1\"></span> <span class=\"_ _e8\"> </span>45<span class=\"_ _1\"></span>.2<span class=\"_ _1\"></span> <span class=\"_ _98\"> </span></span></span>100.0 <span class=\"_ _98\"> </span>10<span class=\"_ _1\"></span>0.0 CCFS<span class=\"_ _383\"> </span>Excellent<span class=\"_ _290\"> </span><span class=\"ls7a wsa1\">5,1<span class=\"_ _6\"></span>02.2 <span class=\"_ _70\"> </span><span class=\"ls6f ws75\">443.<span class=\"_ _1\"></span>2 <span class=\"_ _3f\"> </span><span class=\"ls2 ws2\">\u2013 <span class=\"_ _20e\"> </span>\u2013 <span class=\"_ _6c\"> </span></span></span>5,545.<span class=\"_ _6\"></span>4 <span class=\"_ _3f\"> </span><span class=\"ls2 ws2\">\u2013 <span class=\"_ _37\"> </span><span class=\"ls9f wsbc\">0.3<span class=\"_ _1\"></span> </span></span></span>Good<span class=\"_ _ec\"> </span><span class=\"ls2 ws2\">2,<span class=\"_ _6\"></span>468.5 <span class=\"_ _86\"> </span><span class=\"lsc8 wsc8\">4<span class=\"_ _0\"></span>8<span class=\"_ _0\"></span>7.<span class=\"_ _0\"></span>5<span class=\"_ _0\"></span> <span class=\"_ _3f\"> </span></span>\u2013 <span class=\"_ _20e\"> </span>\u2013 <span class=\"_ _6c\"> </span>2,<span class=\"_ _6\"></span>956.0 <span class=\"_ _37\"> </span><span class=\"ls9f wsbc\">0.<span class=\"_ _1\"></span>3 <span class=\"_ _1b4\"> </span></span>2.0 </span>Satisfactory<span class=\"_ _1c0\"> </span><span class=\"ls87 wsc6\">96.2 <span class=\"_ _3b\"> </span><span class=\"ls38 ws35\">17<span class=\"_ _1\"></span>1.<span class=\"_ _1\"></span>5<span class=\"_ _1\"></span> <span class=\"_ _3f\"> </span><span class=\"ls2 ws2\">\u2013 <span class=\"_ _3f\"> </span>\u2013 <span class=\"_ _a9\"> </span><span class=\"lsc8 wsc8\">2<span class=\"_ _2\"></span>6<span class=\"_ _2\"></span>7.<span class=\"_ _0\"></span>7<span class=\"_ _0\"></span> <span class=\"_ _1b4\"> </span></span>2.0 <span class=\"_ _53\"> </span><span class=\"lsc8 wsc8\">7.<span class=\"_ _1\"></span>4<span class=\"_ _0\"></span> </span></span></span></span>Lower<span class=\"_ _31c\"> </span><span class=\"ls14 ws11\">18.8 <span class=\"_ _3d\"> </span><span class=\"lsc8 wsc8\">1<span class=\"_ _2\"></span>6<span class=\"_ _2\"></span>7.<span class=\"_ _0\"></span>6<span class=\"_ _0\"></span> <span class=\"_ _3f\"> </span><span class=\"ls2 ws2\">\u2013 <span class=\"_ _3f\"> </span>\u2013 <span class=\"_ _50\"> </span><span class=\"lsd7 wsd7\">1<span class=\"_ _1\"></span>8<span class=\"_ _1\"></span>6<span class=\"_ _2\"></span>.4<span class=\"_ _1\"></span> <span class=\"_ _53\"> </span></span></span>7.<span class=\"_ _2\"></span>4<span class=\"_ _0\"></span> <span class=\"_ _98\"> </span><span class=\"ls11 ws6e\">100.0 </span></span></span>Impaired<span class=\"_ _2a1\"> </span><span class=\"ls2 ws2\">\u2013 <span class=\"_ _3f\"> </span>\u2013 <span class=\"_ _254\"> </span><span class=\"lsf8 wsfd\">9<span class=\"_ _2\"></span>9.<span class=\"_ _1\"></span>1<span class=\"_ _2\"></span> <span class=\"_ _3f\"> </span></span>\u2013 <span class=\"_ _55\"> </span><span class=\"lsf8 wsfd\">9<span class=\"_ _0\"></span>9.1<span class=\"_ _2\"></span> <span class=\"_ _98\"> </span></span></span>10<span class=\"_ _1\"></span>0.0 <span class=\"_ _98\"> </span>100.0<span class=\"_ _1\"></span> POCI<span class=\"_ _319\"> </span><span class=\"ls2 ws2\">\u2013 <span class=\"_ _3f\"> </span>\u2013 <span class=\"_ _3f\"> </span>\u2013 <span class=\"_ _e8\"> </span>52.2 <span class=\"_ _5c\"> </span>52.2 <span class=\"_ _8c\"> </span></span>1<span class=\"_ _1\"></span>00.0<span class=\"_ _1\"></span> <span class=\"_ _98\"> </span>100.0  <span class=\"_ _31d\"> </span><span class=\"ls14 ws11\">18,188.<span class=\"_ _6\"></span>4 <span class=\"_ _6b\"> </span><span class=\"ls2 ws2\">2,4<span class=\"_ _8\"></span>13.6 <span class=\"_ _98\"> </span><span class=\"ls88 wse3\">464.<span class=\"_ _1\"></span>7 <span class=\"_ _96\"> </span><span class=\"lsc8 wsc8\">9<span class=\"_ _0\"></span>7.<span class=\"_ _2\"></span>4<span class=\"_ _0\"></span> <span class=\"_ _9a\"> </span><span class=\"lsed wsf2\">2<span class=\"_ _2\"></span>1,<span class=\"_ _1\"></span>16<span class=\"_ _2\"></span>4.1<span class=\"_ _1\"></span> <span class=\"_ _b\"> </span></span></span></span> <span class=\"_ _11a\"> </span> </span></span>The tables below sho<span class=\"_ _8\"></span>w the Group\u2019<span class=\"_ _1f6\"></span>s other \ufb01nancial assets and derivatives by cr<span class=\"_ _6\"></span>edit risk rating gr<span class=\"_ _6\"></span>ade. The cr<span class=\"_ _6\"></span>edit grade is based on the e<span class=\"_ _6\"></span>xternal credit r<span class=\"_ _6\"></span>ating of the counterparty; AAA to AA- ar<span class=\"_ _6\"></span>e rated Ex<span class=\"_ _6\"></span>cellent; A+ to A<span class=\"_ _8\"></span>- are rated Good; and BBB+ to BBB- are r<span class=\"_ _8\"></span>ated Satisfactory.<span class=\"_ _383\"> </span>2022<span class=\"_ _383\"> </span>Excellent<span class=\"_ _383\"> </span>\u00a3m<span class=\"_ _383\"> </span>Good<span class=\"_ _383\"> </span>\u00a3m<span class=\"_ _383\"> </span>Satisfactory<span class=\"_ _383\"> </span>\u00a3m<span class=\"_ _383\"> </span>To<span class=\"_ _1\"></span>t<span class=\"_ _2\"></span>a<span class=\"_ _1\"></span>l<span class=\"_ _383\"> </span>\u00a3m<span class=\"_ _383\"> </span>Inv<span class=\"_ _6\"></span>estment securities<span class=\"_ _146\"> </span><span class=\"ff2 lsc5 wsc4\">41<span class=\"_ _1\"></span>2<span class=\"_ _1\"></span>.9<span class=\"_ _2\"></span> <span class=\"_ _3f\"> </span><span class=\"ls2 ws2\">\u2013 <span class=\"_ _20e\"> </span>\u2013 <span class=\"_ _98\"> </span></span>41<span class=\"_ _1\"></span>2<span class=\"_ _1\"></span>.9<span class=\"_ _2\"></span> </span>Loans and adv<span class=\"_ _6\"></span>ances to credit institutions<span class=\"_ _31e\"> </span><span class=\"ff2 lsf6 wsfb\">2,<span class=\"_ _8\"></span>923.2<span class=\"_ _6\"></span> <span class=\"_ _94\"> </span><span class=\"ls81 wsdf\">4<span class=\"_ _1\"></span>3<span class=\"_ _1\"></span>5<span class=\"_ _1\"></span>.4<span class=\"_ _1\"></span> <span class=\"_ _e5\"> </span><span class=\"lsc4 wsc3\">7.<span class=\"_ _1\"></span>1<span class=\"_ _0\"></span> <span class=\"_ _19f\"> </span><span class=\"ls2 ws2\">3,365.7 </span></span></span></span>Derivative asset<span class=\"_ _6\"></span>s<span class=\"_ _31f\"> </span><span class=\"ff2 lsc3 wsc2\">4<span class=\"_ _1\"></span>0<span class=\"_ _2\"></span>0<span class=\"_ _1\"></span>.1<span class=\"_ _1\"></span> <span class=\"_ _7d\"> </span><span class=\"ls1f ws1c\">488.<span class=\"_ _6\"></span>0 <span class=\"_ _20e\"> </span><span class=\"ls2 ws2\">\u2013 <span class=\"_ _8c\"> </span></span>888.<span class=\"_ _8\"></span>1 </span></span> <span class=\"_ _320\"> </span><span class=\"ff2\">3,736.2 <span class=\"_ _94\"> </span><span class=\"ls81 wsdf\">9<span class=\"_ _1\"></span>2<span class=\"_ _1\"></span>3<span class=\"_ _1\"></span>.4<span class=\"_ _1\"></span> <span class=\"_ _e5\"> </span><span class=\"lsc4 wsc3\">7.<span class=\"_ _1\"></span>1<span class=\"_ _0\"> </span> <span class=\"_ _88\"> </span></span></span>4,666.7 </span>2021 Excellent<span class=\"_ _383\"> </span>\u00a3m<span class=\"_ _383\"> </span>Good<span class=\"_ _383\"> </span>\u00a3m<span class=\"_ _383\"> </span>Satisfactory<span class=\"_ _383\"> </span>\u00a3m<span class=\"_ _383\"> </span>To<span class=\"_ _1\"></span>t<span class=\"_ _2\"></span>a<span class=\"_ _1\"></span>l<span class=\"_ _383\"> </span>\u00a3m<span class=\"_ _383\"> </span>Inv<span class=\"_ _6\"></span>estment securities<span class=\"_ _321\"> </span><span class=\"lsd7 wsd7\">4<span class=\"_ _1\"></span>9<span class=\"_ _2\"></span>1<span class=\"_ _1\"></span>.4<span class=\"_ _1\"></span> <span class=\"_ _3f\"> </span></span><span class=\"ls2\">\u2013 <span class=\"_ _3f\"> </span>\u2013 <span class=\"_ _50\"> </span><span class=\"lsd7 wsd7\">4<span class=\"_ _1\"></span>9<span class=\"_ _2\"></span>1<span class=\"_ _1\"></span>.4<span class=\"_ _2\"></span> </span></span>Loans and adv<span class=\"_ _6\"></span>ances to credit institutions<span class=\"_ _c3\"> </span><span class=\"ls2\">2,688.<span class=\"_ _8\"></span>9 <span class=\"_ _3d\"> </span><span class=\"ls9f wsbc\">151.8 <span class=\"_ _63\"> </span></span>2.<span class=\"_ _8\"></span>9 <span class=\"_ _89\"> </span>2,843.6 </span>Derivative asset<span class=\"_ _6\"></span>s<span class=\"_ _322\"> </span><span class=\"ws6e\">43<span class=\"_ _1\"></span>.0 <span class=\"_ _5a\"> </span></span><span class=\"ls2\">142.7 <span class=\"_ _20e\"> </span>\u2013 <span class=\"_ _a9\"> </span><span class=\"ls14 ws11\">185<span class=\"_ _1\"></span>.7 </span></span> <span class=\"_ _1e6\"> </span><span class=\"ls54 ws55\">3,223.3 <span class=\"_ _8c\"> </span><span class=\"ls88 wse3\">2<span class=\"_ _1\"></span>94.<span class=\"_ _1\"></span>5 <span class=\"_ _63\"> </span></span></span>2.<span class=\"_ _6\"></span>9 <span class=\"_ _6c\"> </span><span class=\"lse3 wse7\">3,520.7<span class=\"_ _383\"> </span></span>Cre<span class=\"_ _1\"></span>dit risk \u2013 l<span class=\"_ _1\"></span>oans a<span class=\"_ _1\"></span>nd ad<span class=\"_ _1\"></span>vance<span class=\"_ _1\"></span>s to cr<span class=\"_ _1\"></span>edit in<span class=\"_ _1\"></span>stitut<span class=\"_ _1\"></span>ions a<span class=\"_ _1\"></span>nd invest<span class=\"_ _1\"></span>me<span class=\"_ _1\"></span>nt se<span class=\"_ _1\"></span>curitie<span class=\"_ _1\"></span>s<span class=\"_ _383\"> </span>The Group holds treasury ins<span class=\"_ _6\"></span>truments in or<span class=\"_ _6\"></span>der to meet liquidity requir<span class=\"_ _6\"></span>ements and f<span class=\"_ _6\"></span>or general business purposes<span class=\"_ _6\"></span>. The credit risk arising from these inv<span class=\"_ _6\"></span>estment<span class=\"_ _6\"></span>s is closely monitored and managed by the Gr<span class=\"_ _6\"></span>oup<span class=\"_ _6\"></span>\u2019<span class=\"_ _8\"></span>s T<span class=\"_ _8\"></span>reasury function. In managing these assets, Gr<span class=\"_ _6\"></span>oup T<span class=\"_ _8\"></span>reasury operat<span class=\"_ _6\"></span>es within guidelines laid down in the Gr<span class=\"_ _6\"></span>oup Mark<span class=\"_ _6\"></span>et and Liquidity Risk Policy appro<span class=\"_ _6\"></span>ved by AL<span class=\"_ _8\"></span>CO and performance is monitored and r<span class=\"_ _6\"></span>eported to AL<span class=\"_ _6\"></span>CO monthly, including through the use o<span class=\"_ _6\"></span>f an internally de<span class=\"_ _6\"></span>veloped r<span class=\"_ _6\"></span>ating model based on counterparty credit def<span class=\"_ _6\"></span>ault sw<span class=\"_ _6\"></span>ap spreads<span class=\"_ _6\"></span>.<span class=\"_ _383\"> </span>The Group has limited e<span class=\"_ _6\"></span>xposure to emer<span class=\"_ _6\"></span>ging mark<span class=\"_ _6\"></span>ets (Indian oper<span class=\"_ _6\"></span>ations) and non-inv<span class=\"_ _6\"></span>estment gr<span class=\"_ _6\"></span>ade debt. AL<span class=\"_ _8\"></span>CO is responsible for appro<span class=\"_ _6\"></span>ving treasury counterparties<span class=\"_ _6\"></span>.<span class=\"_ _383\"> </span>During the year<span class=\"_ _8\"></span>, the average balance o<span class=\"_ _6\"></span>f cash in hand, loans and advances to credit ins<span class=\"_ _6\"></span>titutions and inv<span class=\"_ _6\"></span>estmen<span class=\"_ _6\"></span>t securities on a monthly basis was \u00a33,<span class=\"_ _1f6\"></span>496<span class=\"_ _8\"></span>.<span class=\"_ _8\"></span>9m (2021: \u00a32,<span class=\"_ _9\"></span>926.<span class=\"_ _8\"></span>0m).<span class=\"_ _383\"> </span>The tables below sho<span class=\"_ _8\"></span>w the industry sector of the Group<span class=\"_ _8\"></span>\u2019<span class=\"_ _6\"></span>s loans and advances to cr<span class=\"_ _6\"></span>edit institutions and inv<span class=\"_ _8\"></span>estment securities:<span class=\"_ _383\"> </span>2022<span class=\"_ _a0\"> </span><span class=\"ff1\">2021<span class=\"_ _383\"> </span></span>\u00a3m<span class=\"_ _116\"> </span><span class=\"ls2 ws2\">%<span class=\"_ _5e\"> </span></span><span class=\"ff1\">\u00a3m<span class=\"_ _1cc\"> </span><span class=\"ls2 ws2\">%<span class=\"_ _383\"> </span></span></span>BoE<span class=\"_ _383\"> </span>1<span class=\"_ _383\"> </span>2<span class=\"_ _2\"></span>,<span class=\"_ _2\"></span>8<span class=\"_ _1\"></span>6<span class=\"_ _2\"></span>9.<span class=\"_ _2\"></span>3<span class=\"_ _ed\"> </span><span class=\"ls9e ws98\">76<span class=\"_ _40\"> </span><span class=\"ff1 ls2 ws2\">2,555.<span class=\"_ _6\"></span>9<span class=\"_ _ed\"> </span><span class=\"lsd5 wsd5\">76<span class=\"_ _383\"> </span></span></span></span>Other bank<span class=\"_ _6\"></span>s<span class=\"_ _11d\"> </span><span class=\"ff2 ls81 wsdf\">496<span class=\"_ _1\"></span>.4<span class=\"_ _2ec\"> </span><span class=\"ls14 ws11\">13<span class=\"_ _3b\"> </span></span></span><span class=\"lsc8 wsc8\">2<span class=\"_ _0\"></span>8<span class=\"_ _0\"></span>7.<span class=\"_ _0\"></span>7<span class=\"_ _169\"> </span></span><span class=\"ls2\">9<span class=\"_ _383\"> </span></span>Central go<span class=\"_ _6\"></span>vernmen<span class=\"_ _6\"></span>t<span class=\"_ _323\"> </span><span class=\"ff2 ls6f ws75\">149<span class=\"_ _8\"></span>.8<span class=\"_ _d9\"> </span><span class=\"ls2 ws2\">4<span class=\"_ _3b\"> </span><span class=\"ff1 lsed wsf2\">25<span class=\"_ _1\"></span>2<span class=\"_ _2\"></span>.1<span class=\"_ _35\"> </span></span><span class=\"ff1\">8<span class=\"_ _383\"> </span></span></span></span>Securitisation<span class=\"_ _62\"> </span><span class=\"ff2 lsc3 wsc2\">2<span class=\"_ _1\"></span>6<span class=\"_ _2\"></span>3<span class=\"_ _1\"></span>.1<span class=\"_ _35\"> </span><span class=\"ls2 ws2\">7<span class=\"_ _3e\"> </span></span></span><span class=\"lsf8 wsfd\">2<span class=\"_ _2\"></span>3<span class=\"_ _2\"></span>9.<span class=\"_ _2\"></span>3<span class=\"_ _169\"> </span><span class=\"ls2 ws2\">7<span class=\"_ _383\"> </span></span></span>To<span class=\"_ _1\"></span>t<span class=\"_ _2\"></span>a<span class=\"_ _2\"></span>l<span class=\"_ _324\"> </span><span class=\"lscc wscd\">3,<span class=\"_ _1\"></span>7<span class=\"_ _1\"></span>78.<span class=\"_ _1\"></span>6<span class=\"_ _1b4\"> </span><span class=\"lse3 wse7\">100<span class=\"_ _121\"> </span><span class=\"ff1 ls11 ws6e\">3,<span class=\"_ _1\"></span>33<span class=\"_ _1\"></span>5.0<span class=\"_ _63\"> </span><span class=\"ls6f ws75\">100<span class=\"_ _383\"> </span></span></span></span></span>1. <span class=\"_ _41\"> </span>Ba<span class=\"_ _1\"></span>la<span class=\"_ _1\"></span>nc<span class=\"_ _1\"></span>es w<span class=\"_ _1\"></span>ith t<span class=\"_ _1\"></span>he B<span class=\"_ _1\"></span>oE i<span class=\"_ _1\"></span>nc<span class=\"_ _1\"></span>lu<span class=\"_ _1\"></span>de \u00a362<span class=\"_ _1\"></span>.8m (20<span class=\"_ _1\"></span>21: \u00a359.5m) hel<span class=\"_ _1\"></span>d in th<span class=\"_ _1\"></span>e c<span class=\"_ _1\"></span>as<span class=\"_ _1\"></span>h rati<span class=\"_ _1\"></span>o de<span class=\"_ _1\"></span>p<span class=\"_ _1\"></span>os<span class=\"_ _1\"></span>it.<span class=\"_ _383\"> </span>The tables below sho<span class=\"_ _8\"></span>w the ge<span class=\"_ _1\"></span>ographical e<span class=\"_ _6\"></span>xposure of the Gr<span class=\"_ _6\"></span>oup<span class=\"_ _6\"></span>\u2019<span class=\"_ _8\"></span>s loans and advances to credit ins<span class=\"_ _6\"></span>titutions and inves<span class=\"_ _6\"></span>tment securities:<span class=\"_ _383\"> </span>2022<span class=\"_ _a0\"> </span><span class=\"ff1\">2021<span class=\"_ _383\"> </span></span>\u00a3m<span class=\"_ _116\"> </span><span class=\"ls2 ws2\">%<span class=\"_ _5e\"> </span></span><span class=\"ff1\">\u00a3m<span class=\"_ _1cc\"> </span><span class=\"ls2 ws2\">%<span class=\"_ _383\"> </span></span></span>United Kingdom<span class=\"_ _2cd\"> </span><span class=\"ff2 ls9e ws98\">3<span class=\"_ _2\"></span>,<span class=\"_ _1\"></span>76<span class=\"_ _2\"></span>5<span class=\"_ _1\"></span>.<span class=\"_ _2\"></span>7<span class=\"_ _57\"> </span><span class=\"lse3 wse7\">100<span class=\"_ _121\"> </span></span></span><span class=\"ls2c ws29\">3,328.0<span class=\"_ _b2\"> </span><span class=\"ls6f ws75\">100<span class=\"_ _383\"> </span></span></span>India<span class=\"_ _312\"> </span><span class=\"ff2 lsc5 wsc4\">1<span class=\"_ _1\"></span>2<span class=\"_ _2\"></span>.9<span class=\"_ _d9\"> </span><span class=\"ls2 ws2\">\u2013 <span class=\"_ _1c2\"> </span></span></span><span class=\"lsc8 wsc8\">7.<span class=\"_ _2\"></span>0<span class=\"_ _35\"> </span><span class=\"ls2 ws2\">\u2013 </span></span>To<span class=\"_ _2\"></span>t<span class=\"_ _1\"></span>a<span class=\"_ _2\"></span>l<span class=\"_ _58\"> </span><span class=\"ff2 lscc wscd\">3,<span class=\"_ _1\"></span>7<span class=\"_ _1\"></span>78<span class=\"_ _1\"></span>.6<span class=\"_ _1b4\"> </span><span class=\"lse3 wse7\">100<span class=\"_ _121\"> </span></span></span><span class=\"ls11 ws6e\">3,<span class=\"_ _1\"></span>33<span class=\"_ _1\"></span>5.0<span class=\"_ _63\"> </span><span class=\"ls6f ws75\">100<span class=\"_ _383\"> </span></span></span>The Group monitor<span class=\"_ _6\"></span>s exposure concentr<span class=\"_ _6\"></span>ations against a v<span class=\"_ _6\"></span>ariety of criteria, including asset class<span class=\"_ _6\"></span>, sector and geography. T<span class=\"_ _1f6\"></span>o avoid re\ufb01nancing risk<span class=\"_ _8\"></span>s associated with any one counterparty, sector or geographical r<span class=\"_ _6\"></span>egion, the Board has set appr<span class=\"_ _6\"></span>opriate limits. For further information on credit risk see page 71.<span class=\"_ _383\"> </span>",
   "dimensions": {
    "concept": "ifrs-full:DisclosureOfCreditRiskExplanatory",
    "language": "en",
    "entity": "scheme:213800ZBKL9BHSL2K459",
    "period": "2022-01-01T00:00:00/2023-01-01T00:00:00"
   }
  },
  "fact-583": {
   "value": "Liquidity risk<span class=\"_ _383\"> </span><span class=\"_ _383\">Liquidity risk is the risk of having insufficient liquid asset</span><span class=\"_ _6\"></span>s to ful\ufb01l obligations as they become due or the cost of raising liquid funds becoming too expensiv<span class=\"_ _6\"></span>e. The Group<span class=\"_ _8\"></span>\u2019<span class=\"_ _6\"></span>s approach to managing liquidity risk is t<span class=\"_ _6\"></span><span class=\"_ _383\">o maintain sufficient liquid r</span><span class=\"_ _6\"></span>esources to cov<span class=\"_ _8\"></span>er cash \ufb02ow imbalances and \ufb02uctuations in funding in order to r<span class=\"_ _6\"></span>etain full public con\ufb01dence in the solvency o<span class=\"_ _6\"></span>f the Group and to enable the Group t<span class=\"_ _6\"></span>o meet its \ufb01nancial obligations as they fall due. This is achie<span class=\"_ _6\"></span>ved thr<span class=\"_ _6\"></span>ough maintaining a prudent le<span class=\"_ _8\"></span>vel of liquid assets and control o<span class=\"_ _6\"></span>f the gro<span class=\"_ _6\"></span>wth of the business. The Gr<span class=\"_ _6\"></span>oup has established c<span class=\"_ _6\"></span>all accounts with the BoE and has access to its contingent liquidity facilities<span class=\"_ _8\"></span>.<span class=\"_ _383\"> </span>The Board has delegated the r<span class=\"_ _6\"></span>esponsibility for liquidity management t<span class=\"_ _6\"></span>o the Chief Executiv<span class=\"_ _6\"></span><span class=\"_ _383\">e Officer</span><span class=\"_ _8\"></span>, assisted by AL<span class=\"_ _8\"></span>CO<span class=\"_ _6\"></span>, with day-to-day management delegated to T<span class=\"_ _1f6\"></span>reasury as detailed in the Gr<span class=\"_ _6\"></span>oup Mark<span class=\"_ _6\"></span>et and Liquidity Risk Policy. The Board is r<span class=\"_ _6\"></span>esponsible for setting risk appetite limits ov<span class=\"_ _6\"></span>er the lev<span class=\"_ _6\"></span>el and maturity pro\ufb01le o<span class=\"_ _6\"></span>f funding and for monitoring the composition of the Gr<span class=\"_ _6\"></span>oup \ufb01nancial position. The tables below analyse the \ufb01nancial assets and liabilities of the Gr<span class=\"_ _6\"></span>oup based on the contractual maturity on the r<span class=\"_ _6\"></span>emaining period at balance sheet date. The Group also monitor<span class=\"_ _6\"></span>s a range of trigger<span class=\"_ _6\"></span>s, de<span class=\"_ _6\"></span>\ufb01ned in the recov<span class=\"_ _6\"></span>ery plan, which are designed to captur<span class=\"_ _6\"></span>e liquidity str<span class=\"_ _6\"></span>esses in advance in order to <span class=\"_ _383\">allow sufficien</span><span class=\"_ _6\"></span>t time for management action to t<span class=\"_ _6\"></span>ak<span class=\"_ _6\"></span><span class=\"_ _383\">e effect. These ar</span><span class=\"_ _6\"></span>e monitored daily by the Risk team, with br<span class=\"_ _6\"></span>eaches immediately reported to <span class=\"_ _383\">the Group Chief Risk Officer</span><span class=\"_ _1f6\"></span><span class=\"_ _383\">, Chief Executive Officer</span><span class=\"_ _8\"></span><span class=\"_ _383\">, Chief Financial Officer and the Group T</span><span class=\"_ _1f6\"></span>reasurer<span class=\"_ _8\"></span>.<span class=\"_ _383\"> </span>The tables below sho<span class=\"_ _8\"></span>w the maturity pro\ufb01le for the Group<span class=\"_ _8\"></span>\u2019<span class=\"_ _6\"></span>s \ufb01nancial assets and liabilities based on contr<span class=\"_ _8\"></span>actual maturities at the repor<span class=\"_ _1\"></span>ting date:<span class=\"_ _383\"> </span>2022<span class=\"_ _383\"> </span>Carrying amount<span class=\"_ _383\"> </span>\u00a3m<span class=\"_ _383\"> </span>On demand<span class=\"_ _383\"> </span>\u00a3m<span class=\"_ _383\"> </span>Less than 3 months<span class=\"_ _383\"> </span>\u00a3m 3 \u2013 12 months<span class=\"_ _383\"> </span>\u00a3m 1 \u2013 5 years<span class=\"_ _383\"> </span>\u00a3m<span class=\"_ _383\"> </span>More than 5 years<span class=\"_ _383\"> </span>\u00a3m<span class=\"_ _383\"> </span>Financial liability by type<span class=\"_ _d6\"> </span><span class=\"ls2\"> <span class=\"_ _11a\"> </span> <span class=\"_ _11a\"> </span> <span class=\"_ _11a\"> </span> <span class=\"_ _11a\"> </span> <span class=\"_ _11a\"> </span> </span>Amounts o<span class=\"_ _6\"></span>wed to r<span class=\"_ _6\"></span>etail depositor<span class=\"_ _6\"></span>s<span class=\"_ _19a\"> </span><span class=\"ff2 lsd3 ws86\">19<span class=\"_ _1f6\"></span>,755.8<span class=\"_ _d\"> </span><span class=\"lse5 wsea\">6,<span class=\"_ _1\"></span>7<span class=\"_ _1\"></span>70<span class=\"_ _1\"></span>.<span class=\"_ _1\"></span>7<span class=\"_ _6c\"> </span><span class=\"ls81 wsdf\">2<span class=\"_ _1\"></span>,<span class=\"_ _1\"></span>6<span class=\"_ _1\"></span>3<span class=\"_ _1\"></span>2<span class=\"_ _1\"></span>.4<span class=\"_ _d2\"> </span><span class=\"lsc4 wsc3\">7,<span class=\"_ _0\"> </span>8<span class=\"_ _0\"> </span>0<span class=\"_ _0\"></span>7.<span class=\"_ _0\"></span>7<span class=\"_ _6c\"> </span><span class=\"ls7d wse2\">2,5<span class=\"_ _1\"></span>45.0<span class=\"_ _116\"> </span><span class=\"ls2 ws2\">\u2013 </span></span></span></span></span></span>Amounts o<span class=\"_ _6\"></span>wed to cr<span class=\"_ _6\"></span>edit institutions<span class=\"_ _ae\"> </span><span class=\"ff2 lsc5 wsc4\">5<span class=\"_ _1\"></span>,<span class=\"_ _1\"></span>0<span class=\"_ _1\"></span>9<span class=\"_ _1\"></span>2<span class=\"_ _2\"></span>.9<span class=\"_ _d9\"> </span><span class=\"ls2 ws2\">\u2013 <span class=\"_ _50\"> </span><span class=\"ls81 wsdf\">1<span class=\"_ _1\"></span>9<span class=\"_ _1\"></span>1<span class=\"_ _1\"></span>.4<span class=\"_ _5a\"> </span><span class=\"ls11 ws6e\">310.<span class=\"_ _1\"></span>3<span class=\"_ _6e\"> </span></span></span></span>4<span class=\"_ _1\"></span>,<span class=\"_ _2\"></span>2<span class=\"_ _1\"></span>1<span class=\"_ _2\"></span>8<span class=\"_ _1\"></span>.9<span class=\"_ _50\"> </span><span class=\"ls33 ws30\">372<span class=\"_ _1\"></span>.<span class=\"_ _1\"></span>3<span class=\"_ _383\"> </span></span></span>Amounts o<span class=\"_ _6\"></span>wed to o<span class=\"_ _6\"></span>ther customer<span class=\"_ _6\"></span>s<span class=\"_ _102\"> </span><span class=\"ff2 lsc3 wsc2\">11<span class=\"_ _1\"></span>3<span class=\"_ _2\"></span>.1<span class=\"_ _d9\"> </span><span class=\"ls2 ws2\">\u2013<span class=\"_ _96\"> </span><span class=\"lsc6 wsc5\">2<span class=\"_ _1\"></span>9.<span class=\"_ _2\"></span>7<span class=\"_ _55\"> </span><span class=\"ls9e ws98\">76<span class=\"_ _1\"></span>.<span class=\"_ _2\"></span>5<span class=\"_ _e5\"> </span><span class=\"lsc5 wsc4\">6<span class=\"_ _1\"></span>.9<span class=\"_ _d9\"> </span></span></span></span>\u2013<span class=\"_ _383\"> </span></span></span>Derivative liabilities<span class=\"_ _d4\"> </span><span class=\"ff2 ls2\">106.6<span class=\"_ _1cc\"> </span>\u2013 <span class=\"_ _b2\"> </span><span class=\"lsc4 wsc3\">7.<span class=\"_ _0\"></span>5<span class=\"_ _96\"> </span></span>46.3<span class=\"_ _59\"> </span><span class=\"ls2c ws29\">43.8<span class=\"_ _53\"> </span><span class=\"lsc6 wsc5\">9.<span class=\"_ _1\"></span>0<span class=\"_ _383\"> </span></span></span></span>Debt securities in issue<span class=\"_ _2b0\"> </span><span class=\"ff2 lsc5 wsc4\">2<span class=\"_ _2\"></span>6<span class=\"_ _1\"></span>5<span class=\"_ _1\"></span>.9<span class=\"_ _d9\"> </span><span class=\"ls2 ws2\">\u2013 <span class=\"_ _61\"> </span><span class=\"ls11 ws6e\">0.3<span class=\"_ _d9\"> </span></span>\u2013 <span class=\"_ _7d\"> </span><span class=\"lsc9 wsc9\">26<span class=\"_ _1\"></span>5.6<span class=\"_ _d9\"> </span></span>\u2013 </span></span>Lease liabilities<span class=\"_ _325\"> </span><span class=\"ff2 lsc6 wsc5\">9.9<span class=\"_ _d9\"> </span><span class=\"ls2 ws2\">\u2013 <span class=\"_ _d0\"> </span><span class=\"ls81 wsdf\">0<span class=\"_ _1\"></span>.4<span class=\"_ _5f\"> </span><span class=\"ls14 ws11\">1.3<span class=\"_ _8b\"> </span><span class=\"lsc4 wsc3\">7.<span class=\"_ _0\"></span>6<span class=\"_ _15e\"> </span><span class=\"ls11 ws6e\">0.6<span class=\"_ _383\"> </span></span></span></span></span></span></span>Subordinated liabilities<span class=\"_ _300\"> </span><span class=\"ff2 ls2\">\u2013 <span class=\"_ _3f\"> </span>\u2013 <span class=\"_ _20e\"> </span>\u2013 <span class=\"_ _3f\"> </span>\u2013 <span class=\"_ _20e\"> </span>\u2013 <span class=\"_ _3f\"> </span>\u2013 </span>PSBs<span class=\"_ _2b1\"> </span><span class=\"ff2 lscd wsce\">15.2<span class=\"_ _1cc\"> </span><span class=\"ls2 ws2\">\u2013 <span class=\"_ _3f\"> </span>\u2013 <span class=\"_ _20e\"> </span>\u2013 <span class=\"_ _2ab\"> </span></span>15.2<span class=\"_ _d9\"> </span><span class=\"ls2 ws2\">\u2013 </span></span>T<span class=\"_ _8\"></span>otal liabilities<span class=\"_ _24\"> </span><span class=\"lsc6 wsc5\">2<span class=\"_ _1\"></span>5<span class=\"_ _2\"></span>,<span class=\"_ _1\"></span>3<span class=\"_ _2\"></span>5<span class=\"_ _2\"></span>9.<span class=\"_ _1\"></span>4<span class=\"_ _6e\"> </span><span class=\"lse5 wsea\">6<span class=\"_ _1\"></span>,7<span class=\"_ _2\"></span>70.<span class=\"_ _1\"></span>7<span class=\"_ _6b\"> </span><span class=\"ls33 ws30\">2<span class=\"_ _1\"></span>,<span class=\"_ _1\"></span>8<span class=\"_ _1\"></span>61.<span class=\"_ _1\"></span>7<span class=\"_ _6e\"> </span><span class=\"lsc3 wsc2\">8<span class=\"_ _2\"></span>,<span class=\"_ _2\"></span>2<span class=\"_ _1\"></span>4<span class=\"_ _1\"></span>2<span class=\"_ _2\"></span>.1<span class=\"_ _40\"> </span><span class=\"lse4 wse9\">7,<span class=\"_ _1\"></span>1<span class=\"_ _0\"></span>0<span class=\"_ _2\"></span>3<span class=\"_ _0\"> </span>.<span class=\"_ _0\"></span>0<span class=\"_ _18d\"> </span><span class=\"ls14 ws11\">3<span class=\"_ _1\"></span>81.<span class=\"_ _6\"></span>9<span class=\"_ _383\"> </span></span></span></span></span></span></span>Financial asset by type<span class=\"_ _326\"> </span><span class=\"ls2\"> <span class=\"_ _11a\"> </span> <span class=\"_ _11a\"> </span> <span class=\"_ _21a\"> </span> <span class=\"_ _11a\"> </span> <span class=\"_ _11a\"> </span> </span>Cash in hand<span class=\"_ _f0\"> </span><span class=\"ff2 ls81 wsdf\">0<span class=\"_ _1\"></span>.4<span class=\"_ _15c\"> </span>0<span class=\"_ _1\"></span>.4<span class=\"_ _d9\"> </span><span class=\"ls2 ws2\">\u2013 <span class=\"_ _20e\"> </span>\u2013 <span class=\"_ _3f\"> </span>\u2013 <span class=\"_ _20e\"> </span>\u2013 </span></span>Loans and adv<span class=\"_ _6\"></span>ances to credit institutions<span class=\"_ _a\"> </span><span class=\"ff2 lsf9 ws82\">3,365.7<span class=\"_ _d\"> </span><span class=\"lsd7 wsd7\">3<span class=\"_ _1\"></span>,1<span class=\"_ _1\"></span>0<span class=\"_ _2\"></span>4<span class=\"_ _1\"></span>.<span class=\"_ _1\"></span>0<span class=\"_ _9c\"> </span><span class=\"ls81 wsdf\">7<span class=\"_ _1\"></span>1<span class=\"_ _1\"></span>.4<span class=\"_ _d9\"> </span><span class=\"ls2 ws2\">\u2013 <span class=\"_ _20e\"> </span>\u2013 <span class=\"_ _70\"> </span><span class=\"ls11 ws6e\">190.<span class=\"_ _1\"></span>3<span class=\"_ _383\"> </span></span></span></span></span></span>Inv<span class=\"_ _6\"></span>estment securities<span class=\"_ _c1\"> </span><span class=\"ff2 lsc5 wsc4\">412<span class=\"_ _2\"></span>.9<span class=\"_ _15c\"> </span><span class=\"ls11 ws6e\">0.5<span class=\"_ _5a\"> </span>144.8<span class=\"_ _254\"> </span><span class=\"lsc3 wsc2\">2<span class=\"_ _2\"></span>2<span class=\"_ _1\"></span>.1<span class=\"_ _86\"> </span><span class=\"ls14 ws11\">245.5<span class=\"_ _1cc\"> </span><span class=\"ls2 ws2\">\u2013 </span></span></span></span></span>Loans and adv<span class=\"_ _6\"></span>ances to customer<span class=\"_ _6\"></span>s<span class=\"_ _19c\"> </span><span class=\"ff2 ls33 ws30\">2<span class=\"_ _1\"></span>3<span class=\"_ _1\"></span>,<span class=\"_ _1\"></span>612<span class=\"_ _1\"></span>.<span class=\"_ _1\"></span>7<span class=\"_ _15c\"> </span><span class=\"ls73 ws7a\">2.3<span class=\"_ _8c\"> </span><span class=\"ls7d wse2\">223.8<span class=\"_ _a9\"> </span><span class=\"lscc wscd\">42<span class=\"_ _1\"></span>1.<span class=\"_ _1\"></span>8<span class=\"_ _69\"> </span><span class=\"lse0 wse0\">1<span class=\"_ _1\"></span>,<span class=\"_ _1\"></span>3<span class=\"_ _1\"></span>41<span class=\"_ _1\"></span>.<span class=\"_ _1\"></span>6<span class=\"_ _1fe\"> </span><span class=\"ls12 wsf\">21<span class=\"_ _1\"></span>,62<span class=\"_ _1\"></span>3.<span class=\"_ _1\"></span>2<span class=\"_ _383\"> </span></span></span></span></span></span></span>Derivative asset<span class=\"_ _6\"></span>s<span class=\"_ _2a\"> </span><span class=\"ff2 ls1f ws1c\">888.<span class=\"_ _8\"></span>1<span class=\"_ _1cc\"> </span><span class=\"ls2 ws2\">\u2013 <span class=\"_ _37\"> </span><span class=\"lscd wsce\">2.7<span class=\"_ _93\"> </span><span class=\"ls6f ws75\">55.5<span class=\"_ _8c\"> </span><span class=\"ls7d wse2\">828.2<span class=\"_ _90\"> </span></span></span>1.7<span class=\"_ _383\"> </span></span></span></span>T<span class=\"_ _8\"></span>otal assets<span class=\"_ _cb\"> </span><span class=\"lsc6 wsc5\">2<span class=\"_ _2\"></span>8<span class=\"_ _2\"></span>,<span class=\"_ _2\"></span>2<span class=\"_ _2\"></span>7<span class=\"_ _1\"></span>9.<span class=\"_ _2\"></span>8<span class=\"_ _69\"> </span><span class=\"lsc4 wsc3\">3<span class=\"_ _2\"></span>,<span class=\"_ _2\"></span>1<span class=\"_ _2\"></span>0<span class=\"_ _0\"></span>7.<span class=\"_ _0\"> </span>2<span class=\"_ _50\"> </span><span class=\"lscc wscd\">4<span class=\"_ _1\"></span>42<span class=\"_ _1\"></span>.7<span class=\"_ _50\"> </span></span></span>4<span class=\"_ _1\"></span>9<span class=\"_ _2\"></span>9.<span class=\"_ _1\"></span>4<span class=\"_ _6b\"> </span><span class=\"lse0 wse0\">2<span class=\"_ _2\"></span>,41<span class=\"_ _1\"></span>5<span class=\"_ _1\"></span>.<span class=\"_ _1\"></span>3<span class=\"_ _aa\"> </span><span class=\"lscd wsce\">21,815.<span class=\"_ _1\"></span>2<span class=\"_ _383\"> </span></span></span></span>Cumulative liquidity gap<span class=\"_ _101\"> </span><span class=\"ls2\"> <span class=\"_ _1a\"> </span><span class=\"lsf9 ws82\">(3,663.5)<span class=\"_ _b5\"> </span><span class=\"lsa wse4\">(6<span class=\"_ _1\"></span>,<span class=\"_ _1\"></span>0<span class=\"_ _1\"></span>8<span class=\"_ _1\"></span>2<span class=\"_ _2\"></span>.6<span class=\"_ _1\"></span>)<span class=\"_ _16\"> </span><span class=\"ls7d wse2\">(1<span class=\"_ _6\"></span>3,825.<span class=\"_ _1\"></span>2)<span class=\"_ _9f\"> </span><span class=\"lsc5 wsc4\">(<span class=\"_ _1\"></span>1<span class=\"_ _1\"></span>8<span class=\"_ _2\"></span>,<span class=\"_ _1\"></span>5<span class=\"_ _1\"></span>1<span class=\"_ _1\"></span>2<span class=\"_ _2\"></span>.9)<span class=\"_ _aa\"> </span><span class=\"ls89 wscc\">2,9<span class=\"_ _1\"></span>2<span class=\"_ _2\"></span>0<span class=\"_ _1\"></span>.4<span class=\"_ _383\"> </span></span></span></span></span></span></span>2021<span class=\"_ _383\"> </span>Carrying amount<span class=\"_ _383\"> </span>\u00a3m<span class=\"_ _383\"> </span>On demand<span class=\"_ _383\"> </span>\u00a3m<span class=\"_ _383\"> </span>Less than 3 months<span class=\"_ _383\"> </span>\u00a3m 3 \u2013 12 months<span class=\"_ _383\"> </span>\u00a3m 1 \u2013 5 years<span class=\"_ _383\"> </span>\u00a3m<span class=\"_ _383\"> </span>More than 5 years<span class=\"_ _383\"> </span>\u00a3m<span class=\"_ _383\"> </span>Financial liability by type<span class=\"_ _383\"> </span>Amounts o<span class=\"_ _6\"></span>wed to r<span class=\"_ _6\"></span>etail depositor<span class=\"_ _6\"></span>s<span class=\"_ _95\"> </span><span class=\"lsc8 wsc8\">1<span class=\"_ _2\"></span>7,<span class=\"_ _0\"></span>5<span class=\"_ _0\"></span>2<span class=\"_ _2\"></span>6<span class=\"_ _0\"></span>.<span class=\"_ _2\"></span>4<span class=\"_ _6b\"> </span><span class=\"ls7a wsa1\">5,004.6<span class=\"_ _6e\"> </span><span class=\"ls1f ws1c\">2,350.3<span class=\"_ _69\"> </span><span class=\"ls2c ws29\">7<span class=\"_ _1f6\"></span>,<span class=\"_ _6\"></span>458.5<span class=\"_ _8e\"> </span>2,713.0<span class=\"_ _116\"> </span><span class=\"ls2 ws2\">\u2013 </span></span></span></span></span>Amounts o<span class=\"_ _6\"></span>wed to cr<span class=\"_ _6\"></span>edit institutions<span class=\"_ _179\"> </span><span class=\"lsf8 wsfd\">4,<span class=\"_ _0\"></span>3<span class=\"_ _2\"></span>1<span class=\"_ _1\"></span>9.<span class=\"_ _2\"></span>6<span class=\"_ _57\"> </span><span class=\"lsed wsf2\">4<span class=\"_ _1\"></span>2<span class=\"_ _1\"></span>.1<span class=\"_ _ca\"> </span></span></span><span class=\"ws6e\">1.0<span class=\"_ _d9\"> </span></span><span class=\"ls2\">\u2013 <span class=\"_ _1a\"> </span><span class=\"ls88 wse3\">4,<span class=\"_ _1\"></span>2<span class=\"_ _1\"></span>0<span class=\"_ _1\"></span>3.<span class=\"_ _1\"></span>2<span class=\"_ _4f\"> </span><span class=\"ls79 wse8\">73.<span class=\"_ _1\"></span>3<span class=\"_ _383\"> </span></span></span></span>Amounts o<span class=\"_ _6\"></span>wed to o<span class=\"_ _6\"></span>ther customer<span class=\"_ _6\"></span>s<span class=\"_ _ef\"> </span><span class=\"ls14 ws11\">92.6<span class=\"_ _d0\"> </span><span class=\"ls88 wse3\">14.<span class=\"_ _1\"></span>8<span class=\"_ _ca\"> </span><span class=\"lsed wsf2\">8<span class=\"_ _2\"></span>.1<span class=\"_ _55\"> </span></span></span></span><span class=\"ws6e\">45.0<span class=\"_ _254\"> </span><span class=\"ls88 wse3\">24.<span class=\"_ _1\"></span>7<span class=\"_ _d9\"> </span></span></span><span class=\"ls2\">\u2013 </span>Derivative liabilities<span class=\"_ _c2\"> </span><span class=\"lsf8 wsfd\">1<span class=\"_ _1\"></span>9.<span class=\"_ _2\"></span>7<span class=\"_ _d9\"> </span></span><span class=\"ls2\">\u2013 <span class=\"_ _b2\"> </span><span class=\"ls9f wsbc\">0.7<span class=\"_ _d0\"> </span><span class=\"lsd7 wsd7\">1<span class=\"_ _1\"></span>0<span class=\"_ _2\"></span>.4<span class=\"_ _e5\"> </span><span class=\"ls7a wsa1\">8.6<span class=\"_ _1cc\"> </span></span></span></span>\u2013 </span>Debt securities in issue<span class=\"_ _2c6\"> </span><span class=\"ls9f wsbc\">460.3<span class=\"_ _d9\"> </span></span><span class=\"ls2\">\u2013 <span class=\"_ _20e\"> </span>\u2013 <span class=\"_ _3f\"> </span>\u2013 <span class=\"_ _83\"> </span><span class=\"ls9f wsbc\">4<span class=\"_ _1\"></span>60.3<span class=\"_ _d9\"> </span></span>\u2013 </span>Lease liabilities<span class=\"_ _c6\"> </span><span class=\"ls9f wsbc\">10.7<span class=\"_ _d9\"> </span></span><span class=\"ls2\">\u2013 <span class=\"_ _37\"> </span><span class=\"ls9f wsbc\">0.<span class=\"_ _1\"></span>3<span class=\"_ _53\"> </span>0.<span class=\"_ _1\"></span>6<span class=\"_ _8b\"> </span><span class=\"lse3 wse7\">3.7<span class=\"_ _ce\"> </span><span class=\"lsed wsf2\">6<span class=\"_ _1\"></span>.1<span class=\"_ _383\"> </span></span></span></span></span>Subordinated liabilities<span class=\"_ _17a\"> </span><span class=\"ls9f wsbc\">10.3<span class=\"_ _d9\"> </span></span><span class=\"ls2\">\u2013 <span class=\"_ _20e\"> </span>\u2013 <span class=\"_ _53\"> </span><span class=\"lsed wsf2\">0<span class=\"_ _1\"></span>.1<span class=\"_ _61\"> </span><span class=\"ls9f wsbc\">10.<span class=\"_ _1\"></span>2<span class=\"_ _d9\"> </span></span></span>\u2013 </span>PSBs<span class=\"_ _10c\"> </span><span class=\"ls9f wsbc\">15.<span class=\"_ _1\"></span>2<span class=\"_ _d9\"> </span><span class=\"ls2 ws2\">\u2013 <span class=\"_ _20e\"> </span>\u2013 <span class=\"_ _3f\"> </span>\u2013 <span class=\"_ _9d\"> </span></span>15.<span class=\"_ _1\"></span>2<span class=\"_ _d9\"> </span><span class=\"ls2 ws2\">\u2013 </span></span>T<span class=\"_ _8\"></span>otal liabilities<span class=\"_ _26\"> </span><span class=\"ff1 lsd7 wsd7\">2<span class=\"_ _1\"></span>2<span class=\"_ _2\"></span>,4<span class=\"_ _1\"></span>5<span class=\"_ _1\"></span>4<span class=\"_ _1\"></span>.<span class=\"_ _2\"></span>8<span class=\"_ _a1\"> </span><span class=\"lsa wse4\">5<span class=\"_ _1\"></span>,0<span class=\"_ _1\"></span>61<span class=\"_ _1\"></span>.<span class=\"_ _1\"></span>5<span class=\"_ _d2\"> </span></span>2<span class=\"_ _1\"></span>,<span class=\"_ _2\"></span>3<span class=\"_ _1\"></span>6<span class=\"_ _1\"></span>0<span class=\"_ _2\"></span>.4<span class=\"_ _7d\"> </span><span class=\"lsc8 wsc8\">7,<span class=\"_ _0\"></span>5<span class=\"_ _2\"></span>1<span class=\"_ _0\"></span>4<span class=\"_ _0\"></span>.<span class=\"_ _0\"></span>6<span class=\"_ _73\"> </span>7,<span class=\"_ _2\"></span>4<span class=\"_ _0\"></span>3<span class=\"_ _0\"></span>8<span class=\"_ _0\"></span>.<span class=\"_ _2\"></span>9<span class=\"_ _1b4\"> </span><span class=\"lsf8 wsfd\">7<span class=\"_ _2\"></span>9.4<span class=\"_ _383\"> </span></span></span></span>Financial asset by type<span class=\"_ _383\"> </span>Cash in hand<span class=\"_ _2b4\"> </span><span class=\"ls9f wsbc\">0.5<span class=\"_ _15e\"> </span>0.5<span class=\"_ _d9\"> </span></span><span class=\"ls2\">\u2013 <span class=\"_ _20e\"> </span>\u2013 <span class=\"_ _3f\"> </span>\u2013 <span class=\"_ _3f\"> </span>\u2013 </span>Loans and adv<span class=\"_ _6\"></span>ances to credit institutions<span class=\"_ _128\"> </span><span class=\"ls2c ws29\">2,843.6<span class=\"_ _69\"> </span></span><span class=\"ls2\">2,66<span class=\"_ _6\"></span>7<span class=\"_ _1f6\"></span>.8<span class=\"_ _96\"> </span><span class=\"ls7e ws16\">52.0<span class=\"_ _63\"> </span><span class=\"lsed wsf2\">1<span class=\"_ _2\"></span>0<span class=\"_ _1\"></span>.1<span class=\"_ _d9\"> </span></span></span>\u2013 <span class=\"_ _3b\"> </span><span class=\"lsc7 ws7f\">113<span class=\"_ _1\"></span>.7<span class=\"_ _383\"> </span></span></span>Inv<span class=\"_ _6\"></span>estment securities<span class=\"_ _29f\"> </span><span class=\"lsd7 wsd7\">4<span class=\"_ _1\"></span>9<span class=\"_ _2\"></span>1<span class=\"_ _1\"></span>.4<span class=\"_ _d9\"> </span></span><span class=\"ls2\">\u2013 <span class=\"_ _3e\"> </span><span class=\"ls38 ws35\">172<span class=\"_ _1\"></span>.<span class=\"_ _1\"></span>7<span class=\"_ _ce\"> </span><span class=\"lsed wsf2\">6<span class=\"_ _1\"></span>.1<span class=\"_ _e8\"> </span><span class=\"ls12 wsf\">312<span class=\"_ _1\"></span>.6<span class=\"_ _d9\"> </span></span></span></span>\u2013 </span>Loans and adv<span class=\"_ _6\"></span>ances to customer<span class=\"_ _6\"></span>s<span class=\"_ _19a\"> </span><span class=\"ls9f wsbc\">21,0<span class=\"_ _1\"></span>80.<span class=\"_ _1\"></span>3<span class=\"_ _15e\"> </span><span class=\"ls2c ws29\">3.3<span class=\"_ _3b\"> </span><span class=\"lscc wscd\">163.<span class=\"_ _1\"></span>8<span class=\"_ _a9\"> </span><span class=\"ls6f ws75\">3<span class=\"_ _1\"></span>83.5<span class=\"_ _7d\"> </span><span class=\"lsc8 wsc8\">1<span class=\"_ _0\"></span>,<span class=\"_ _0\"></span>3<span class=\"_ _0\"></span>2<span class=\"_ _0\"></span>7.<span class=\"_ _2\"></span>4<span class=\"_ _89\"> </span><span class=\"lsf8 wsfd\">1<span class=\"_ _2\"></span>9,<span class=\"_ _0\"></span>2<span class=\"_ _2\"></span>0<span class=\"_ _1\"></span>2<span class=\"_ _2\"></span>.<span class=\"_ _0\"></span>3<span class=\"_ _383\"> </span></span></span></span></span></span></span>Derivative asset<span class=\"_ _6\"></span>s<span class=\"_ _22c\"> </span><span class=\"ls14 ws11\">185.<span class=\"_ _1\"></span>7<span class=\"_ _1cc\"> </span></span><span class=\"ls2\">\u2013 <span class=\"_ _53\"> </span><span class=\"lsed wsf2\">0<span class=\"_ _1\"></span>.1<span class=\"_ _5f\"> </span><span class=\"lsd7 wsd7\">5<span class=\"_ _1\"></span>.4<span class=\"_ _9d\"> </span><span class=\"lsf8 wsfd\">1<span class=\"_ _1\"></span>7<span class=\"_ _2\"></span>9.9<span class=\"_ _8b\"> </span><span class=\"ls9f wsbc\">0.3<span class=\"_ _383\"> </span></span></span></span></span></span>T<span class=\"_ _8\"></span>otal assets<span class=\"_ _319\"> </span><span class=\"ff1 lsff ws91\">24<span class=\"_ _6\"></span>,601.5<span class=\"_ _76\"> </span><span class=\"ls2 ws2\">2,6<span class=\"_ _8\"></span>7<span class=\"_ _1\"></span>1.6<span class=\"_ _50\"> </span><span class=\"ls24 ws21\">388.6<span class=\"_ _18d\"> </span><span class=\"lsed wsf2\">4<span class=\"_ _1\"></span>0<span class=\"_ _2\"></span>5<span class=\"_ _1\"></span>.1<span class=\"_ _70\"> </span><span class=\"lsf8 wsfd\">1<span class=\"_ _1\"></span>,<span class=\"_ _2\"></span>8<span class=\"_ _2\"></span>1<span class=\"_ _2\"></span>9.<span class=\"_ _1\"></span>9<span class=\"_ _121\"> </span>1<span class=\"_ _2\"></span>9,<span class=\"_ _2\"></span>3<span class=\"_ _2\"></span>1<span class=\"_ _1\"></span>6<span class=\"_ _2\"></span>.<span class=\"_ _2\"></span>3<span class=\"_ _383\"> </span></span></span></span></span></span>Cumulative liquidity gap<span class=\"_ _101\"> </span><span class=\"ff1 ls2\"> <span class=\"_ _d2\"> </span><span class=\"lsf8 wsfd\">(<span class=\"_ _2\"></span>2<span class=\"_ _2\"></span>,<span class=\"_ _2\"></span>3<span class=\"_ _2\"></span>8<span class=\"_ _2\"></span>9.<span class=\"_ _1\"></span>9<span class=\"_ _1\"></span>)<span class=\"_ _a5\"> </span><span class=\"lsa wse4\">(<span class=\"_ _1\"></span>4<span class=\"_ _1\"></span>,<span class=\"_ _1\"></span>3<span class=\"_ _1\"></span>61<span class=\"_ _1\"></span>.<span class=\"_ _1\"></span>7<span class=\"_ _0\"></span>)<span class=\"_ _19f\"> </span><span class=\"ls9f wsbc\">(11,<span class=\"_ _6\"></span>4<span class=\"_ _6\"></span>71.<span class=\"_ _1\"></span>2)<span class=\"_ _fc\"> </span><span class=\"lsc8 wsc8\">(<span class=\"_ _2\"></span>1<span class=\"_ _2\"></span>7,<span class=\"_ _2\"></span>0<span class=\"_ _0\"> </span>9<span class=\"_ _3\"> </span>0<span class=\"_ _2\"></span>.<span class=\"_ _3\"> </span>2<span class=\"_ _2\"></span>)<span class=\"_ _d2\"> </span><span class=\"ls89 wscc\">2<span class=\"_ _2\"></span>,1<span class=\"_ _1\"></span>4<span class=\"_ _1\"></span>6<span class=\"_ _1\"></span>.<span class=\"_ _383\"> </span></span></span></span></span></span></span>Liquidity ris<span class=\"_ _1\"></span>k \u2013 undis<span class=\"_ _1\"></span>co<span class=\"_ _1\"></span>unted c<span class=\"_ _1\"></span>ont<span class=\"_ _1\"></span>rac<span class=\"_ _1\"></span>tual c<span class=\"_ _1\"></span>ash \ufb02ows<span class=\"_ _383\"> </span>The following t<span class=\"_ _6\"></span>ables provide an analysis o<span class=\"_ _6\"></span>f the Group<span class=\"_ _8\"></span>\u2019<span class=\"_ _6\"></span>s gross contr<span class=\"_ _8\"></span>actual undisc<span class=\"_ _1\"></span>ounted cash \ufb02o<span class=\"_ _6\"></span>ws<span class=\"_ _6\"></span>, derived using in<span class=\"_ _6\"></span>terest r<span class=\"_ _8\"></span>ates and contractual maturities at the reporting date and excluding impac<span class=\"_ _6\"></span>ts of early payment<span class=\"_ _6\"></span>s or non-payments:<span class=\"_ _383\"> </span>2022<span class=\"_ _383\"> </span>Carrying amount<span class=\"_ _383\"> </span>\u00a3m<span class=\"_ _383\"> </span>Gross in\ufb02ow<span class=\"_ _6\"></span>/ out\ufb02ow<span class=\"_ _383\"> </span>\u00a3m<span class=\"_ _383\"> </span>Up to 3 months<span class=\"_ _383\"> </span>\u00a3m 3 \u2013 12 months<span class=\"_ _383\"> </span>\u00a3m 1 \u2013 5 years<span class=\"_ _383\"> </span>\u00a3m<span class=\"_ _383\"> </span>More than 5 years<span class=\"_ _383\"> </span>\u00a3m<span class=\"_ _383\"> </span>Financial liability by type<span class=\"_ _d6\"> </span><span class=\"ls2\"> <span class=\"_ _11a\"> </span> <span class=\"_ _11a\"> </span> <span class=\"_ _11a\"> </span> <span class=\"_ _11a\"> </span> <span class=\"_ _11a\"> </span> </span>Amounts o<span class=\"_ _6\"></span>wed to r<span class=\"_ _6\"></span>etail depositor<span class=\"_ _6\"></span>s<span class=\"_ _19a\"> </span><span class=\"ff2 lsd3 ws86\">19<span class=\"_ _1f6\"></span>,755.8<span class=\"_ _36\"> </span><span class=\"ls7e ws16\">20,08<span class=\"_ _1\"></span>3.0<span class=\"_ _66\"> </span><span class=\"ls16c ws189\">9,<span class=\"_ _2\"></span>5<span class=\"_ _2\"></span>6<span class=\"_ _2\"></span>6<span class=\"_ _1\"></span>.<span class=\"_ _2\"></span>2<span class=\"_ _7f\"> </span><span class=\"lse4 wse9\">7,<span class=\"_ _1\"></span>9<span class=\"_ _0\"> </span>1<span class=\"_ _0\"></span>1<span class=\"_ _2\"></span>.<span class=\"_ _0\"></span>0<span class=\"_ _6c\"> </span><span class=\"ls2 ws2\">2,605.8<span class=\"_ _1cc\"> </span>\u2013<span class=\"_ _383\"> </span></span></span></span></span></span>Amounts o<span class=\"_ _6\"></span>wed to cr<span class=\"_ _6\"></span>edit institutions<span class=\"_ _ae\"> </span><span class=\"ff2 lsc5 wsc4\">5<span class=\"_ _1\"></span>,<span class=\"_ _1\"></span>0<span class=\"_ _1\"></span>9<span class=\"_ _1\"></span>2<span class=\"_ _2\"></span>.9<span class=\"_ _d\"> </span><span class=\"lsc6 wsc5\">5<span class=\"_ _1\"></span>,<span class=\"_ _1\"></span>4<span class=\"_ _2\"></span>5<span class=\"_ _2\"></span>9.<span class=\"_ _2\"></span>8<span class=\"_ _3b\"> </span><span class=\"lsc4 wsc3\">2<span class=\"_ _2\"></span>2<span class=\"_ _0\"></span>7.<span class=\"_ _2\"></span>1<span class=\"_ _18d\"> </span></span></span>41<span class=\"_ _2\"></span>0<span class=\"_ _1\"></span>.9<span class=\"_ _d\"> </span><span class=\"ls6f ws75\">4,<span class=\"_ _6\"></span>449<span class=\"_ _8\"></span>.5<span class=\"_ _86\"> </span><span class=\"ls33 ws30\">372<span class=\"_ _2\"></span>.3<span class=\"_ _383\"> </span></span></span></span>Amounts o<span class=\"_ _6\"></span>wed to o<span class=\"_ _6\"></span>ther customer<span class=\"_ _6\"></span>s<span class=\"_ _102\"> </span><span class=\"ff2 lsc3 wsc2\">11<span class=\"_ _1\"></span>3<span class=\"_ _2\"></span>.1<span class=\"_ _9d\"> </span>11<span class=\"_ _1\"></span>3<span class=\"_ _2\"></span>.1<span class=\"_ _55\"> </span><span class=\"lsc6 wsc5\">2<span class=\"_ _1\"></span>9.<span class=\"_ _2\"></span>7<span class=\"_ _55\"> </span><span class=\"ls9e ws98\">76<span class=\"_ _1\"></span>.<span class=\"_ _2\"></span>5<span class=\"_ _e5\"> </span><span class=\"lsc5 wsc4\">6<span class=\"_ _1\"></span>.9<span class=\"_ _d9\"> </span><span class=\"ls2 ws2\">\u2013<span class=\"_ _383\"> </span></span></span></span></span></span>Derivative liabilities<span class=\"_ _d4\"> </span><span class=\"ff2 ls2\">106.6<span class=\"_ _5a\"> </span><span class=\"lsc5 wsc4\">1<span class=\"_ _2\"></span>0<span class=\"_ _1\"></span>3<span class=\"_ _1\"></span>.9<span class=\"_ _4f\"> </span><span class=\"ls12 wsf\">16.<span class=\"_ _1\"></span>2<span class=\"_ _61\"> </span><span class=\"lsc6 wsc5\">3<span class=\"_ _2\"></span>9.1<span class=\"_ _96\"> </span><span class=\"lscd wsce\">46.7<span class=\"_ _90\"> </span></span></span></span>1<span class=\"_ _2\"></span>.9<span class=\"_ _383\"> </span></span></span>Debt securities in issue<span class=\"_ _2b0\"> </span><span class=\"ff2 lsc5 wsc4\">2<span class=\"_ _2\"></span>6<span class=\"_ _1\"></span>5<span class=\"_ _1\"></span>.9<span class=\"_ _5a\"> </span><span class=\"lsc4 wsc3\">2<span class=\"_ _0\"></span>7<span class=\"_ _0\"> </span>7.<span class=\"_ _3\"> </span>3<span class=\"_ _96\"> </span><span class=\"ls81 wsdf\">3<span class=\"_ _1\"></span>4<span class=\"_ _1\"></span>.4<span class=\"_ _9d\"> </span><span class=\"ls11 ws6e\">64.5<span class=\"_ _3e\"> </span></span>178<span class=\"_ _1\"></span>.4<span class=\"_ _d9\"> </span><span class=\"ls2 ws2\">\u2013 </span></span></span></span>Lease liabilities<span class=\"_ _325\"> </span><span class=\"ff2 lsc6 wsc5\">9.9<span class=\"_ _57\"> </span><span class=\"ls81 wsdf\">11<span class=\"_ _1\"></span>.4<span class=\"_ _15c\"> </span><span class=\"ls11 ws6e\">0.5<span class=\"_ _5f\"> </span><span class=\"ls14 ws11\">1.5<span class=\"_ _1c2\"> </span><span class=\"lsd3 ws86\">8.8<span class=\"_ _1c2\"> </span></span></span>0.6<span class=\"_ _383\"> </span></span></span></span>Subordinated liabilities<span class=\"_ _300\"> </span><span class=\"ff2 ls2\">\u2013 <span class=\"_ _3f\"> </span>\u2013 <span class=\"_ _20e\"> </span>\u2013 <span class=\"_ _3f\"> </span>\u2013 <span class=\"_ _20e\"> </span>\u2013 <span class=\"_ _3f\"> </span>\u2013 </span>PSBs<span class=\"_ _2b1\"> </span><span class=\"ff2 lscd wsce\">15.2<span class=\"_ _1b4\"> </span><span class=\"lsc3 wsc2\">1<span class=\"_ _1\"></span>6<span class=\"_ _1\"></span>.1<span class=\"_ _15c\"> </span></span></span><span class=\"ff2\">0.<span class=\"_ _1\"></span>3<span class=\"_ _1c2\"> </span>0.3<span class=\"_ _254\"> </span><span class=\"lscd wsce\">15.5<span class=\"_ _1cc\"> </span><span class=\"ls2 ws2\">\u2013 </span></span></span>T<span class=\"_ _8\"></span>otal liabilities<span class=\"_ _24\"> </span><span class=\"lsc6 wsc5\">2<span class=\"_ _1\"></span>5<span class=\"_ _2\"></span>,<span class=\"_ _1\"></span>3<span class=\"_ _2\"></span>5<span class=\"_ _2\"></span>9.<span class=\"_ _1\"></span>4<span class=\"_ _a2\"> </span><span class=\"lsc9 wsc9\">26,06<span class=\"_ _1\"></span>4.6<span class=\"_ _d\"> </span><span class=\"ls16c ws189\">9,<span class=\"_ _2\"></span>8<span class=\"_ _1\"></span>7<span class=\"_ _2\"></span>4<span class=\"_ _2\"></span>.<span class=\"_ _1\"></span>4<span class=\"_ _89\"> </span><span class=\"lsd3 ws86\">8,503.8<span class=\"_ _76\"> </span><span class=\"ls14 ws11\">7<span class=\"_ _1f6\"></span>,<span class=\"_ _1\"></span>311.6<span class=\"_ _98\"> </span><span class=\"ls11 ws6e\">37<span class=\"_ _1\"></span>4.8<span class=\"_ _383\"> </span></span></span></span></span></span></span><span class=\"_ _383\">Off-balance sheet loan commitments</span><span class=\"_ _13e\"> </span><span class=\"ff2 ls7e ws16\">1,2<span class=\"_ _1\"></span>12.<span class=\"_ _1\"></span>2<span class=\"_ _d2\"> </span>1<span class=\"_ _1\"></span>,<span class=\"_ _1\"></span>212.<span class=\"_ _1\"></span>2<span class=\"_ _d2\"> </span>1<span class=\"_ _1\"></span>,<span class=\"_ _1\"></span>212<span class=\"_ _1\"></span>.2<span class=\"_ _d9\"> </span><span class=\"ls2 ws2\">\u2013 <span class=\"_ _20e\"> </span>\u2013 <span class=\"_ _3f\"> </span>\u2013 </span></span>Financial asset by type<span class=\"_ _326\"> </span><span class=\"ls2\"> <span class=\"_ _11a\"> </span> <span class=\"_ _11a\"> </span> <span class=\"_ _21a\"> </span> <span class=\"_ _11a\"> </span> <span class=\"_ _11a\"> </span> </span>Cash in hand<span class=\"_ _f0\"> </span><span class=\"ff2 ls81 wsdf\">0<span class=\"_ _1\"></span>.4<span class=\"_ _15c\"> </span>0<span class=\"_ _1\"></span>.4<span class=\"_ _15c\"> </span>0<span class=\"_ _1\"></span>.4<span class=\"_ _d9\"> </span><span class=\"ls2 ws2\">\u2013 <span class=\"_ _20e\"> </span>\u2013 <span class=\"_ _3f\"> </span>\u2013 </span></span>Loans and adv<span class=\"_ _6\"></span>ances to credit institutions<span class=\"_ _a\"> </span><span class=\"ff2 lsf9 ws82\">3,365.7<span class=\"_ _6c\"> </span>3,365.7<span class=\"_ _6b\"> </span><span class=\"lsd7 wsd7\">3<span class=\"_ _1\"></span>,1<span class=\"_ _1\"></span>7<span class=\"_ _2\"></span>5<span class=\"_ _1\"></span>.4<span class=\"_ _d9\"> </span><span class=\"ls2 ws2\">\u2013 <span class=\"_ _3f\"> </span>\u2013 <span class=\"_ _70\"> </span><span class=\"ls11 ws6e\">190.3<span class=\"_ _383\"> </span></span></span></span></span>Inv<span class=\"_ _6\"></span>estment securities<span class=\"_ _c1\"> </span><span class=\"ff2 lsc5 wsc4\">412<span class=\"_ _2\"></span>.9<span class=\"_ _86\"> </span><span class=\"ls14 ws11\">444.3<span class=\"_ _50\"> </span><span class=\"ls6f ws75\">148.<span class=\"_ _1\"></span>2<span class=\"_ _2ab\"> </span><span class=\"ls11 ws6e\">3<span class=\"_ _1\"></span>0.<span class=\"_ _1\"></span>2<span class=\"_ _86\"> </span></span></span></span>2<span class=\"_ _1\"></span>6<span class=\"_ _1\"></span>5<span class=\"_ _2\"></span>.9<span class=\"_ _d9\"> </span><span class=\"ls2 ws2\">\u2013<span class=\"_ _383\"> </span></span></span>Loans and adv<span class=\"_ _6\"></span>ances to customer<span class=\"_ _6\"></span>s<span class=\"_ _19c\"> </span><span class=\"ff2 ls33 ws30\">2<span class=\"_ _1\"></span>3<span class=\"_ _1\"></span>,<span class=\"_ _1\"></span>612<span class=\"_ _1\"></span>.<span class=\"_ _1\"></span>7<span class=\"_ _19f\"> </span><span class=\"ls7a wsa1\">57<span class=\"_ _1f6\"></span>,<span class=\"_ _6\"></span>940.<span class=\"_ _8\"></span>1<span class=\"_ _98\"> </span><span class=\"ls2c ws29\">430.7<span class=\"_ _d2\"> </span><span class=\"lse3 wse7\">1,657<span class=\"_ _1f6\"></span>.2<span class=\"_ _6c\"> </span><span class=\"lsc5 wsc4\">8<span class=\"_ _1\"></span>,<span class=\"_ _1\"></span>0<span class=\"_ _2\"></span>2<span class=\"_ _1\"></span>8<span class=\"_ _1\"></span>.9<span class=\"_ _1fe\"> </span><span class=\"ls2c ws29\">47<span class=\"_ _9\"></span>,823.3<span class=\"_ _383\"> </span></span></span></span></span></span></span>Derivative asset<span class=\"_ _6\"></span>s<span class=\"_ _2a\"> </span><span class=\"ff2 ls1f ws1c\">888.<span class=\"_ _8\"></span>1<span class=\"_ _8c\"> </span><span class=\"ls11 ws6e\">820.5<span class=\"_ _55\"> </span><span class=\"ls9e ws98\">76<span class=\"_ _2\"></span>.9<span class=\"_ _a9\"> </span><span class=\"lsc6 wsc5\">2<span class=\"_ _2\"></span>5<span class=\"_ _1\"></span>9.<span class=\"_ _1\"></span>4<span class=\"_ _86\"> </span></span></span>484.<span class=\"_ _1\"></span>6<span class=\"_ _9c\"> </span><span class=\"lsa wse4\">(<span class=\"_ _1\"></span>0<span class=\"_ _1\"></span>.4)<span class=\"_ _383\"> </span></span></span></span>T<span class=\"_ _8\"></span>otal assets<span class=\"_ _cb\"> </span><span class=\"lsc6 wsc5\">2<span class=\"_ _2\"></span>8<span class=\"_ _2\"></span>,<span class=\"_ _2\"></span>2<span class=\"_ _2\"></span>7<span class=\"_ _1\"></span>9.<span class=\"_ _2\"></span>8<span class=\"_ _fd\"> </span><span class=\"ls12 wsf\">62<span class=\"_ _1\"></span>,571<span class=\"_ _1\"></span>.0<span class=\"_ _6e\"> </span><span class=\"ls14 ws11\">3,8<span class=\"_ _1\"></span>31.6<span class=\"_ _121\"> </span><span class=\"ls89 wscc\">1<span class=\"_ _1\"></span>,9<span class=\"_ _1\"></span>4<span class=\"_ _2\"></span>6<span class=\"_ _1\"></span>.<span class=\"_ _1\"></span>8<span class=\"_ _6e\"> </span></span></span></span>8<span class=\"_ _2\"></span>,<span class=\"_ _2\"></span>7<span class=\"_ _2\"></span>7<span class=\"_ _2\"></span>9.<span class=\"_ _1\"></span>4<span class=\"_ _202\"> </span><span class=\"ls7e ws16\">48<span class=\"_ _1\"></span>,013<span class=\"_ _1\"></span>.<span class=\"_ _1\"></span>2<span class=\"_ _383\"> </span></span></span>2021<span class=\"_ _383\"> </span>Carrying amount<span class=\"_ _383\"> </span>\u00a3m<span class=\"_ _383\"> </span>Gross in\ufb02o<span class=\"_ _6\"></span>w/ out\ufb02ow<span class=\"_ _383\"> </span>\u00a3m<span class=\"_ _383\"> </span>Up to 3 months<span class=\"_ _383\"> </span>\u00a3m 3 \u2013 12 months<span class=\"_ _383\"> </span>\u00a3m 1 \u2013 5 years<span class=\"_ _383\"> </span>\u00a3m<span class=\"_ _383\"> </span>More than 5 years<span class=\"_ _383\"> </span>\u00a3m<span class=\"_ _383\"> </span>Financial liability by type<span class=\"_ _383\"> </span>Amounts o<span class=\"_ _6\"></span>wed to r<span class=\"_ _6\"></span>etail depositor<span class=\"_ _6\"></span>s<span class=\"_ _95\"> </span><span class=\"lsc8 wsc8\">1<span class=\"_ _2\"></span>7,<span class=\"_ _0\"></span>5<span class=\"_ _0\"></span>2<span class=\"_ _2\"></span>6<span class=\"_ _0\"></span>.<span class=\"_ _2\"></span>4<span class=\"_ _6e\"> </span><span class=\"lse3 wse7\">17<span class=\"_ _1f6\"></span>,554.7<span class=\"_ _40\"> </span><span class=\"lsf8 wsfd\">9,<span class=\"_ _1\"></span>3<span class=\"_ _0\"></span>0<span class=\"_ _2\"></span>5<span class=\"_ _2\"></span>.<span class=\"_ _2\"></span>7<span class=\"_ _d2\"> </span></span>5<span class=\"_ _1\"></span>,88<span class=\"_ _1\"></span>3.7<span class=\"_ _121\"> </span><span class=\"ls14 ws11\">2<span class=\"_ _1\"></span>,365.<span class=\"_ _1\"></span>3<span class=\"_ _1cc\"> </span><span class=\"ls2 ws2\">\u2013 </span></span></span></span>Amounts o<span class=\"_ _6\"></span>wed to cr<span class=\"_ _6\"></span>edit institutions<span class=\"_ _179\"> </span><span class=\"lsf8 wsfd\">4,<span class=\"_ _0\"></span>3<span class=\"_ _2\"></span>1<span class=\"_ _1\"></span>9.<span class=\"_ _2\"></span>6<span class=\"_ _69\"> </span>4<span class=\"_ _2\"></span>,<span class=\"_ _2\"></span>3<span class=\"_ _2\"></span>5<span class=\"_ _2\"></span>9.<span class=\"_ _2\"></span>8<span class=\"_ _55\"> </span><span class=\"ls79 wse8\">45<span class=\"_ _1\"></span>.2<span class=\"_ _15e\"> </span><span class=\"ls7a wsa1\">5.<span class=\"_ _1\"></span>2<span class=\"_ _a1\"> </span><span class=\"lsed wsf2\">4,<span class=\"_ _2\"></span>2<span class=\"_ _1\"></span>3<span class=\"_ _2\"></span>6<span class=\"_ _1\"></span>.1<span class=\"_ _4f\"> </span></span></span>73<span class=\"_ _1\"></span>.3<span class=\"_ _383\"> </span></span></span>Amounts o<span class=\"_ _6\"></span>wed to o<span class=\"_ _6\"></span>ther customer<span class=\"_ _6\"></span>s<span class=\"_ _ef\"> </span><span class=\"ls14 ws11\">92.6<span class=\"_ _55\"> </span>92.6<span class=\"_ _254\"> </span><span class=\"ls86 wsf1\">2<span class=\"_ _2\"></span>2<span class=\"_ _1\"></span>.9<span class=\"_ _55\"> </span></span></span><span class=\"ws6e\">45.0<span class=\"_ _254\"> </span><span class=\"ls88 wse3\">2<span class=\"_ _1\"></span>4.7<span class=\"_ _d9\"> </span></span></span><span class=\"ls2\">\u2013 </span>Derivative liabilities<span class=\"_ _c2\"> </span><span class=\"lsf8 wsfd\">1<span class=\"_ _1\"></span>9.<span class=\"_ _2\"></span>7<span class=\"_ _e5\"> </span></span><span class=\"ws6e\">6.0<span class=\"_ _57\"> </span><span class=\"lsd7 wsd7\">(<span class=\"_ _1\"></span>0<span class=\"_ _1\"></span>.4<span class=\"_ _1\"></span>)<span class=\"_ _53\"> </span><span class=\"lsed wsf2\">5<span class=\"_ _1\"></span>.1<span class=\"_ _ca\"> </span><span class=\"ls9f wsbc\">1.<span class=\"_ _1\"></span>2<span class=\"_ _ca\"> </span></span>0<span class=\"_ _1\"></span>.1<span class=\"_ _383\"> </span></span></span></span>Debt securities in issue<span class=\"_ _2c6\"> </span><span class=\"ls9f wsbc\">460.3<span class=\"_ _3e\"> </span><span class=\"lsee wsf3\">47<span class=\"_ _2\"></span>3<span class=\"_ _1\"></span>.<span class=\"_ _2\"></span>2<span class=\"_ _1b4\"> </span><span class=\"lsed wsf2\">2<span class=\"_ _1\"></span>5<span class=\"_ _1\"></span>.1<span class=\"_ _254\"> </span></span></span></span><span class=\"ws6e\">7<span class=\"_ _1\"></span>5.0<span class=\"_ _5c\"> </span><span class=\"lsed wsf2\">3<span class=\"_ _1\"></span>7<span class=\"_ _1\"></span>3<span class=\"_ _1\"></span>.1<span class=\"_ _d9\"> </span></span></span><span class=\"ls2\">\u2013 </span>Lease liabilities<span class=\"_ _c6\"> </span><span class=\"ls9f wsbc\">10.7<span class=\"_ _1c2\"> </span><span class=\"lsed wsf2\">1<span class=\"_ _1\"></span>3<span class=\"_ _2\"></span>.1<span class=\"_ _15e\"> </span></span>0.<span class=\"_ _1\"></span>6<span class=\"_ _ca\"> </span>1.6<span class=\"_ _ca\"> </span><span class=\"lsc8 wsc8\">7.<span class=\"_ _0\"></span>7<span class=\"_ _5f\"> </span><span class=\"ls2c ws29\">3.2<span class=\"_ _383\"> </span></span></span></span>Subordinated liabilities<span class=\"_ _17a\"> </span><span class=\"ls9f wsbc\">10.3<span class=\"_ _61\"> </span><span class=\"ls12 wsf\">12<span class=\"_ _1\"></span>.<span class=\"_ _1\"></span>2<span class=\"_ _53\"> </span></span>0.<span class=\"_ _1\"></span>2<span class=\"_ _e5\"> </span>0.7<span class=\"_ _1c2\"> </span><span class=\"lsc7 ws7f\">11.<span class=\"_ _1\"></span>3<span class=\"_ _d9\"> </span></span></span><span class=\"ls2\">\u2013 </span>PSBs<span class=\"_ _10c\"> </span><span class=\"ls9f wsbc\">15.<span class=\"_ _1\"></span>2<span class=\"_ _d0\"> </span><span class=\"lscc wscd\">16.<span class=\"_ _1\"></span>8<span class=\"_ _53\"> </span></span>0.<span class=\"_ _1\"></span>2<span class=\"_ _15e\"> </span>0.5<span class=\"_ _1c2\"> </span><span class=\"lsed wsf2\">1<span class=\"_ _1\"></span>6<span class=\"_ _1\"></span>.1<span class=\"_ _d9\"> </span><span class=\"ls2 ws2\">\u2013 </span></span></span>T<span class=\"_ _8\"></span>otal liabilities<span class=\"_ _26\"> </span><span class=\"ff1 lsd7 wsd7\">2<span class=\"_ _1\"></span>2<span class=\"_ _2\"></span>,4<span class=\"_ _1\"></span>5<span class=\"_ _1\"></span>4<span class=\"_ _1\"></span>.<span class=\"_ _2\"></span>8<span class=\"_ _aa\"> </span><span class=\"lse3 wse7\">22,528.<span class=\"_ _6\"></span>4<span class=\"_ _69\"> </span><span class=\"lsf8 wsfd\">9,<span class=\"_ _2\"></span>3<span class=\"_ _2\"></span>9<span class=\"_ _2\"></span>9.<span class=\"_ _2\"></span>5<span class=\"_ _a1\"> </span><span class=\"ls7a wsa1\">6,016.8<span class=\"_ _40\"> </span><span class=\"ls1f ws1c\">7<span class=\"_ _1f6\"></span>,035.5<span class=\"_ _254\"> </span><span class=\"ls7a wsa1\">7<span class=\"_ _6\"></span>6.6<span class=\"_ _383\"> </span></span></span></span></span></span></span><span class=\"_ _383\">Off-balance sheet loan commitments</span><span class=\"_ _a7\"> </span><span class=\"ls9f wsbc\">1,155.3<span class=\"_ _94\"> </span>1,155.3<span class=\"_ _7d\"> </span>1,155.3<span class=\"_ _d9\"> </span></span><span class=\"ls2\">\u2013 <span class=\"_ _20e\"> </span>\u2013 <span class=\"_ _3f\"> </span>\u2013 </span>Financial asset by type<span class=\"_ _383\"> </span>Cash in hand<span class=\"_ _2b4\"> </span><span class=\"ls9f wsbc\">0.5<span class=\"_ _15e\"> </span>0.5<span class=\"_ _15e\"> </span>0.5<span class=\"_ _d9\"> </span></span><span class=\"ls2\">\u2013 <span class=\"_ _20e\"> </span>\u2013 <span class=\"_ _3f\"> </span>\u2013 </span>Loans and adv<span class=\"_ _6\"></span>ances to credit institutions<span class=\"_ _128\"> </span><span class=\"ls2c ws29\">2,843.6<span class=\"_ _6e\"> </span>2,843.6<span class=\"_ _6b\"> </span><span class=\"ls6f ws75\">2,756.<span class=\"_ _1\"></span>3<span class=\"_ _63\"> </span><span class=\"lsed wsf2\">1<span class=\"_ _1\"></span>0<span class=\"_ _1\"></span>.1<span class=\"_ _d9\"> </span></span></span></span><span class=\"ls2\">\u2013 <span class=\"_ _9d\"> </span><span class=\"lsc8 wsc8\">7<span class=\"_ _3\"> </span>7.<span class=\"_ _0\"></span>2<span class=\"_ _383\"> </span></span></span>Inv<span class=\"_ _6\"></span>estment securities<span class=\"_ _29f\"> </span><span class=\"lsd7 wsd7\">4<span class=\"_ _1\"></span>9<span class=\"_ _2\"></span>1<span class=\"_ _1\"></span>.4<span class=\"_ _3b\"> </span><span class=\"lsc8 wsc8\">4<span class=\"_ _2\"></span>9<span class=\"_ _0\"></span>7.<span class=\"_ _2\"></span>0<span class=\"_ _59\"> </span><span class=\"ls38 ws35\">17<span class=\"_ _1\"></span>2<span class=\"_ _1\"></span>.6<span class=\"_ _3d\"> </span><span class=\"ls6f ws75\">108.<span class=\"_ _1\"></span>8<span class=\"_ _3d\"> </span><span class=\"ls7a wsa1\">215.6<span class=\"_ _d9\"> </span></span></span></span></span></span><span class=\"ls2\">\u2013 </span>Loans and adv<span class=\"_ _6\"></span>ances to customer<span class=\"_ _6\"></span>s<span class=\"_ _19a\"> </span><span class=\"ls9f wsbc\">21,0<span class=\"_ _1\"></span>80.<span class=\"_ _1\"></span>3<span class=\"_ _88\"> </span>41,29<span class=\"_ _1\"></span>0.<span class=\"_ _1\"></span>2<span class=\"_ _3e\"> </span><span class=\"lsd7 wsd7\">3<span class=\"_ _1\"></span>7<span class=\"_ _2\"></span>4<span class=\"_ _1\"></span>.4<span class=\"_ _7d\"> </span></span>1,3<span class=\"_ _1\"></span>31.0<span class=\"_ _74\"> </span><span class=\"ls86 wsf1\">5<span class=\"_ _2\"></span>,<span class=\"_ _1\"></span>7<span class=\"_ _2\"></span>11<span class=\"_ _2\"></span>.9<span class=\"_ _88\"> </span><span class=\"lsd4 ws46\">33,872.<span class=\"_ _8\"></span>9<span class=\"_ _383\"> </span></span></span></span>Derivative asset<span class=\"_ _6\"></span>s<span class=\"_ _22c\"> </span><span class=\"ls14 ws11\">185.<span class=\"_ _1\"></span>7<span class=\"_ _55\"> </span><span class=\"ls7a wsa1\">75.8<span class=\"_ _15e\"> </span><span class=\"lsd7 wsd7\">(<span class=\"_ _1\"></span>1<span class=\"_ _1\"></span>.4)<span class=\"_ _9c\"> </span><span class=\"lsc7 ws7f\">11.<span class=\"_ _1\"></span>2<span class=\"_ _55\"> </span></span></span></span></span><span class=\"ws6e\">66.0<span class=\"_ _1cc\"> </span></span><span class=\"ls2\">\u2013 </span>T<span class=\"_ _8\"></span>otal assets<span class=\"_ _319\"> </span><span class=\"ff1 lsff ws91\">24<span class=\"_ _6\"></span>,601.5<span class=\"_ _9a\"> </span><span class=\"ls88 wse3\">4<span class=\"_ _1\"></span>4,707<span class=\"_ _8\"></span>.1<span class=\"_ _121\"> </span><span class=\"lsd7 wsd7\">3<span class=\"_ _2\"></span>,<span class=\"_ _1\"></span>3<span class=\"_ _2\"></span>0<span class=\"_ _1\"></span>2<span class=\"_ _2\"></span>.4<span class=\"_ _86\"> </span><span class=\"ls9f wsbc\">1,<span class=\"_ _8\"></span>4<span class=\"_ _1\"></span>61.<span class=\"_ _6\"></span>1<span class=\"_ _d2\"> </span><span class=\"ls7a wsa1\">5,<span class=\"_ _8\"></span>9<span class=\"_ _1\"></span>93.5<span class=\"_ _a5\"> </span><span class=\"lsc5 wsc4\">3<span class=\"_ _1\"></span>3<span class=\"_ _2\"></span>,9<span class=\"_ _1\"></span>5<span class=\"_ _2\"></span>0.<span class=\"_ _1\"></span>1<span class=\"_ _383\"> </span></span></span></span></span></span></span>The actual repayment pr<span class=\"_ _6\"></span>o\ufb01le of r<span class=\"_ _6\"></span><span class=\"_ _383\">etail deposits may differ fr</span><span class=\"_ _6\"></span>om the analysis abov<span class=\"_ _6\"></span>e due to the option of early withdr<span class=\"_ _6\"></span>aw<span class=\"_ _6\"></span>al with a penalty. Cash \ufb02ows on PSBs ar<span class=\"_ _6\"></span>e disclosed up to the next in<span class=\"_ _6\"></span>teres<span class=\"_ _6\"></span>t rate r<span class=\"_ _6\"></span>eset date. The actual repayment pr<span class=\"_ _6\"></span>o\ufb01le of loans and adv<span class=\"_ _6\"></span>ances to customer<span class=\"_ _6\"></span><span class=\"_ _383\">s may differ from the analysis abo</span><span class=\"_ _6\"></span>ve since many mortgage loans are r<span class=\"_ _6\"></span>epaid prior to the contr<span class=\"_ _6\"></span>actual end date.<span class=\"_ _383\"> </span>Liquidity ris<span class=\"_ _1\"></span>k \u2013 ass<span class=\"_ _1\"></span>et en<span class=\"_ _1\"></span>cumb<span class=\"_ _1\"></span>ran<span class=\"_ _1\"></span>ce<span class=\"_ _383\"> </span>Asset encumbrance le<span class=\"_ _6\"></span>vels are monit<span class=\"_ _6\"></span>ored by AL<span class=\"_ _8\"></span>CO<span class=\"_ _6\"></span>. The follo<span class=\"_ _6\"></span>wing tables pro<span class=\"_ _6\"></span>vide an analysis of the Group<span class=\"_ _8\"></span>\u2019<span class=\"_ _8\"></span>s encumbered and unencumbered assets:<span class=\"_ _383\"> </span>2022<span class=\"_ _383\"> </span>To<span class=\"_ _1\"></span>t<span class=\"_ _2\"></span>a<span class=\"_ _1\"></span>l<span class=\"_ _383\"> </span>\u00a3m<span class=\"_ _383\"> </span>Encumbered<span class=\"_ _327\"> </span>Unencumbered Pledged as collateral<span class=\"_ _383\"> </span>\u00a3m<span class=\"_ _383\"> </span>Other<span class=\"_ _383\"> </span>1<span class=\"_ _383\"> </span>\u00a3m<span class=\"_ _383\"> </span>Av<span class=\"_ _6\"></span>ailable as collateral<span class=\"_ _383\"> </span>\u00a3m<span class=\"_ _383\"> </span>Other<span class=\"_ _383\"> </span>\u00a3m<span class=\"_ _383\"> </span>Cash in hand<span class=\"_ _328\"> </span><span class=\"ff2 ls2\">\u2013 <span class=\"_ _20e\"> </span>\u2013 <span class=\"_ _37\"> </span><span class=\"ls81 wsdf\">0.4<span class=\"_ _d9\"> </span></span>\u2013 <span class=\"_ _61\"> </span><span class=\"ls81 wsdf\">0<span class=\"_ _1\"></span>.4<span class=\"_ _383\"> </span></span></span>Loans and adv<span class=\"_ _6\"></span>ances to credit institutions<span class=\"_ _329\"> </span><span class=\"ff2 lsc4 wsc3\">2<span class=\"_ _2\"></span>3<span class=\"_ _0\"></span>7.<span class=\"_ _2\"></span>4<span class=\"_ _18d\"> </span><span class=\"ls12 wsf\">17<span class=\"_ _1\"></span>4.<span class=\"_ _1\"></span>6<span class=\"_ _a5\"> </span><span class=\"ls2 ws2\">2,<span class=\"_ _1\"></span>806.5<span class=\"_ _18d\"> </span></span></span>1<span class=\"_ _0\"></span>4<span class=\"_ _2\"></span>7.<span class=\"_ _0\"></span>2<span class=\"_ _d\"> </span><span class=\"lsf9 ws82\">3,365.7<span class=\"_ _383\"> </span></span></span>Inv<span class=\"_ _6\"></span>estment securities<span class=\"_ _32a\"> </span><span class=\"ff2 ls81 wsdf\">4<span class=\"_ _1\"></span>6<span class=\"_ _1\"></span>.4<span class=\"_ _d9\"> </span><span class=\"ls2 ws2\">\u2013 <span class=\"_ _7d\"> </span>366.5<span class=\"_ _1cc\"> </span>\u2013 <span class=\"_ _98\"> </span><span class=\"lsc5 wsc4\">41<span class=\"_ _1\"></span>2<span class=\"_ _2\"></span>.9<span class=\"_ _383\"> </span></span></span></span>Loans and adv<span class=\"_ _6\"></span>ances to customer<span class=\"_ _6\"></span>s2<span class=\"_ _383\"> </span>6<span class=\"_ _1\"></span>,<span class=\"_ _1\"></span>7<span class=\"_ _1\"></span>0<span class=\"_ _2\"></span>5<span class=\"_ _1\"></span>.1<span class=\"_ _d9\"> </span><span class=\"ls2 ws2a\">\u2013  <span class=\"_ _a3\"> </span><span class=\"ls22 ws1f\">16<span class=\"_ _1\"></span>,42<span class=\"_ _1\"></span>4<span class=\"_ _1\"></span>.<span class=\"_ _1\"></span>5<span class=\"_ _91\"> </span></span></span>4<span class=\"_ _1\"></span>8<span class=\"_ _2\"></span>3<span class=\"_ _1\"></span>.1<span class=\"_ _a6\"> </span><span class=\"ls33 ws30\">23<span class=\"_ _1\"></span>,<span class=\"_ _1\"></span>61<span class=\"_ _1\"></span>2<span class=\"_ _1\"></span>.7<span class=\"_ _383\"> </span></span>Derivative asset<span class=\"_ _6\"></span>s<span class=\"_ _2eb\"> </span><span class=\"ff2 ls2\">\u2013 <span class=\"_ _20e\"> </span>\u2013 <span class=\"_ _3f\"> </span>\u2013 <span class=\"_ _70\"> </span><span class=\"ls1f ws1c\">888.<span class=\"_ _8\"></span>1<span class=\"_ _a9\"> </span>888.1<span class=\"_ _383\"> </span></span></span>Non-\ufb01nancial assets<span class=\"_ _2a5\"> </span><span class=\"ff2 ls2\">\u2013 <span class=\"_ _3f\"> </span>\u2013 <span class=\"_ _20e\"> </span>\u2013 <span class=\"_ _74\"> </span><span class=\"lsc3 wsc2\">(<span class=\"_ _2\"></span>7<span class=\"_ _1\"></span>1<span class=\"_ _1\"></span>3<span class=\"_ _2\"></span>.1<span class=\"_ _1\"></span>)<span class=\"_ _94\"> </span>(<span class=\"_ _0\"></span>7<span class=\"_ _1\"></span>1<span class=\"_ _1\"></span>3<span class=\"_ _2\"></span>.1<span class=\"_ _1\"></span>)</span></span> <span class=\"_ _1cb\"> </span><span class=\"ff2 ls1f ws1c\">6,988.<span class=\"_ _1f6\"></span>9<span class=\"_ _91\"> </span><span class=\"ls12 wsf\">17<span class=\"_ _1\"></span>4.<span class=\"_ _1\"></span>6<span class=\"_ _1a\"> </span><span class=\"ls7d wse2\">19<span class=\"_ _1f6\"></span>,597<span class=\"_ _8\"></span>.<span class=\"_ _6\"></span>9<span class=\"_ _70\"> </span><span class=\"ls1f ws1c\">805.3<span class=\"_ _1fe\"> </span><span class=\"lse4 wse9\">2<span class=\"_ _2\"></span>7,<span class=\"_ _0\"></span>5<span class=\"_ _0\"></span>6<span class=\"_ _0\"></span>6<span class=\"_ _0\"></span>.<span class=\"_ _2\"></span>7<span class=\"_ _383\"> </span></span></span></span></span></span>2021<span class=\"_ _383\"> </span>To<span class=\"_ _1\"></span>t<span class=\"_ _2\"></span>a<span class=\"_ _1\"></span>l<span class=\"_ _383\"> </span>\u00a3m<span class=\"_ _383\"> </span>Encumbered<span class=\"_ _13b\"> </span>Unencumbered Pledged as collateral<span class=\"_ _383\"> </span>\u00a3m<span class=\"_ _383\"> </span>Other<span class=\"_ _383\"> </span>1<span class=\"_ _383\"> </span>\u00a3m<span class=\"_ _383\"> </span>Available as collateral<span class=\"_ _383\"> </span>\u00a3m<span class=\"_ _383\"> </span>Other<span class=\"_ _383\"> </span>\u00a3m<span class=\"_ _383\"> </span>Cash in hand<span class=\"_ _328\"> </span><span class=\"ls2\">\u2013 <span class=\"_ _3f\"> </span>\u2013 <span class=\"_ _37\"> </span><span class=\"ls9f wsbc\">0.5<span class=\"_ _d9\"> </span></span>\u2013 <span class=\"_ _37\"> </span><span class=\"ls9f wsbc\">0.5<span class=\"_ _383\"> </span></span></span>Loans and adv<span class=\"_ _6\"></span>ances to credit institutions<span class=\"_ _2af\"> </span><span class=\"lsf8 wsfd\">9<span class=\"_ _0\"></span>9.9<span class=\"_ _93\"> </span><span class=\"ls6f ws75\">107<span class=\"_ _9\"></span>.5<span class=\"_ _40\"> </span><span class=\"lsd7 wsd7\">2<span class=\"_ _1\"></span>,4<span class=\"_ _2\"></span>9<span class=\"_ _1\"></span>6<span class=\"_ _1\"></span>.4<span class=\"_ _5c\"> </span><span class=\"lsf8 wsfd\">1<span class=\"_ _2\"></span>3<span class=\"_ _2\"></span>9.<span class=\"_ _2\"></span>8<span class=\"_ _d2\"> </span><span class=\"ls2c ws29\">2,843.6<span class=\"_ _383\"> </span></span></span></span></span></span>Inv<span class=\"_ _6\"></span>estment securities<span class=\"_ _7e\"> </span><span class=\"ls12 wsf\">121.<span class=\"_ _1\"></span>8<span class=\"_ _d9\"> </span></span><span class=\"ls2\">\u2013 <span class=\"_ _8c\"> </span><span class=\"lsf8 wsfd\">3<span class=\"_ _2\"></span>6<span class=\"_ _2\"></span>9.<span class=\"_ _2\"></span>6<span class=\"_ _35\"> </span></span>\u2013 <span class=\"_ _a9\"> </span><span class=\"lsd7 wsd7\">4<span class=\"_ _1\"></span>9<span class=\"_ _2\"></span>1<span class=\"_ _1\"></span>.4<span class=\"_ _383\"> </span></span></span>Loans and adv<span class=\"_ _6\"></span>ances to customer<span class=\"_ _6\"></span>s2<span class=\"_ _383\"> </span>6,37<span class=\"_ _6\"></span>3.7<span class=\"_ _1cc\"> </span><span class=\"ls2 ws2\">\u2013 <span class=\"_ _6c\"> </span><span class=\"ls6f ws75\">2,74<span class=\"_ _1\"></span>6.3<span class=\"_ _d\"> </span><span class=\"ls9f wsbc\">11,<span class=\"_ _8\"></span>96<span class=\"_ _1\"></span>0.3<span class=\"_ _19f\"> </span>21,08<span class=\"_ _1\"></span>0.3<span class=\"_ _383\"> </span></span></span></span>Derivative asset<span class=\"_ _6\"></span>s<span class=\"_ _2eb\"> </span><span class=\"ls2\">\u2013 <span class=\"_ _20e\"> </span>\u2013 <span class=\"_ _3f\"> </span>\u2013 <span class=\"_ _a9\"> </span><span class=\"ls14 ws11\">185.7<span class=\"_ _3b\"> </span>18<span class=\"_ _1\"></span>5.7<span class=\"_ _383\"> </span></span></span>Non-\ufb01nancial assets<span class=\"_ _2a5\"> </span><span class=\"ls2\">\u2013 <span class=\"_ _3f\"> </span>\u2013 <span class=\"_ _3f\"> </span>\u2013 <span class=\"_ _3e\"> </span><span class=\"lsf8 wsfd\">(<span class=\"_ _1\"></span>6<span class=\"_ _2\"></span>9.<span class=\"_ _2\"></span>6<span class=\"_ _2\"></span>)<span class=\"_ _18d\"> </span>(<span class=\"_ _1\"></span>6<span class=\"_ _2\"></span>9.<span class=\"_ _2\"></span>6<span class=\"_ _1\"></span>)</span></span> <span class=\"_ _32b\"> </span><span class=\"ls7a wsa1\">6,595.<span class=\"_ _8\"></span>4<span class=\"_ _5c\"> </span><span class=\"ls6f ws75\">107<span class=\"_ _1f6\"></span>.5<span class=\"_ _a1\"> </span><span class=\"ls2 ws2\">5,6<span class=\"_ _6\"></span>12.8<span class=\"_ _6c\"> </span><span class=\"lscc wscd\">12<span class=\"_ _1\"></span>,<span class=\"_ _1\"></span>216<span class=\"_ _1\"></span>.<span class=\"_ _1\"></span>2<span class=\"_ _89\"> </span><span class=\"ls86 wsf1\">2<span class=\"_ _1\"></span>4<span class=\"_ _1\"></span>,<span class=\"_ _1\"></span>5<span class=\"_ _2\"></span>3<span class=\"_ _1\"></span>1<span class=\"_ _1\"></span>.9<span class=\"_ _383\"> </span></span></span></span></span></span>1. <span class=\"_ _41\"> </span>Re<span class=\"_ _1\"></span>pr<span class=\"_ _1\"></span>es<span class=\"_ _1\"></span>en<span class=\"_ _1\"></span>ts a<span class=\"_ _1\"></span>ss<span class=\"_ _1\"></span>et<span class=\"_ _1\"></span>s tha<span class=\"_ _1\"></span>t are n<span class=\"_ _1\"></span>ot p<span class=\"_ _1\"></span>le<span class=\"_ _1\"></span>dg<span class=\"_ _1\"></span>e<span class=\"_ _1\"></span>d bu<span class=\"_ _1\"></span>t tha<span class=\"_ _1\"></span>t the G<span class=\"_ _1\"></span>ro<span class=\"_ _1\"></span>up b<span class=\"_ _1\"></span>el<span class=\"_ _1\"></span>iev<span class=\"_ _1\"></span>es i<span class=\"_ _1\"></span>t is re<span class=\"_ _1\"></span>st<span class=\"_ _1\"></span>ri<span class=\"_ _1\"></span>cte<span class=\"_ _1\"></span>d fr<span class=\"_ _1\"></span>om u<span class=\"_ _1\"></span>si<span class=\"_ _1\"></span>ng to s<span class=\"_ _1\"></span>ec<span class=\"_ _1\"></span>ur<span class=\"_ _1\"></span>e fu<span class=\"_ _1\"></span>ndi<span class=\"_ _1\"></span>ng f<span class=\"_ _1\"></span>or l<span class=\"_ _1\"></span>eg<span class=\"_ _1\"></span>al o<span class=\"_ _1\"></span>r oth<span class=\"_ _1\"></span>er r<span class=\"_ _1\"></span>ea<span class=\"_ _1\"></span>so<span class=\"_ _1\"></span>ns<span class=\"_ _1\"></span>.<span class=\"_ _383\"> </span>2. <span class=\"_ _34\"> </span> <span class=\"_ _7\"></span>Une<span class=\"_ _1\"></span>nc<span class=\"_ _1\"></span>um<span class=\"_ _1\"></span>be<span class=\"_ _1\"></span>re<span class=\"_ _1\"></span>d lo<span class=\"_ _1\"></span>an<span class=\"_ _1\"></span>s an<span class=\"_ _1\"></span>d ad<span class=\"_ _1\"></span>van<span class=\"_ _1\"></span>c<span class=\"_ _1\"></span>es to c<span class=\"_ _1\"></span>us<span class=\"_ _1\"></span>to<span class=\"_ _1\"></span>me<span class=\"_ _1\"></span>rs c<span class=\"_ _1\"></span>la<span class=\"_ _1\"></span>ss<span class=\"_ _1\"></span>i\ufb01<span class=\"_ _1\"></span>ed a<span class=\"_ _1\"></span>s oth<span class=\"_ _1\"></span>er a<span class=\"_ _1\"></span>re re<span class=\"_ _1\"></span>s<span class=\"_ _1\"></span>tri<span class=\"_ _1\"></span>cte<span class=\"_ _1\"></span>d fo<span class=\"_ _1\"></span>r us<span class=\"_ _1\"></span>e as c<span class=\"_ _1\"></span>o<span class=\"_ _1\"></span>lla<span class=\"_ _1\"></span>te<span class=\"_ _1\"></span>ral a<span class=\"_ _1\"></span>s the<span class=\"_ _1\"></span>y ar<span class=\"_ _1\"></span>e; re<span class=\"_ _1\"></span>gi<span class=\"_ _1\"></span>ste<span class=\"_ _1\"></span>re<span class=\"_ _1\"></span>d o<span class=\"_ _1\"></span>ut<span class=\"_ _1\"></span>sid<span class=\"_ _1\"></span>e of U<span class=\"_ _1\"></span>K (Jer<span class=\"_ _1\"></span>s<span class=\"_ _1\"></span>ey an<span class=\"_ _1\"></span>d Gu<span class=\"_ _1\"></span>er<span class=\"_ _1\"></span>ns<span class=\"_ _1\"></span>ey<span class=\"_ _1\"></span>), not secure<span class=\"_ _1\"></span>d by immovable proper<span class=\"_ _1\"></span>ty or are non-performin<span class=\"_ _1\"></span>g.<span class=\"_ _383\"> </span>Liquidity risk \u2013<span class=\"_ _6\"></span> liquidity reser<span class=\"_ _1\"></span>ves<span class=\"_ _383\"> </span>The tables below analyse the Gr<span class=\"_ _6\"></span>oup<span class=\"_ _6\"></span>\u2019<span class=\"_ _8\"></span>s liquidity reserves, wher<span class=\"_ _6\"></span>e carrying value is considered t<span class=\"_ _6\"></span>o be equal to fair value:<span class=\"_ _383\"> </span>2022<span class=\"_ _383\"> </span>\u00a3m<span class=\"_ _383\"> </span>2021<span class=\"_ _383\"> </span>\u00a3m<span class=\"_ _383\"> </span>Unencumbered balances with centr<span class=\"_ _6\"></span>al bank<span class=\"_ _6\"></span>s<span class=\"_ _32c\"> </span><span class=\"ff2 ls2\">2,806.5<span class=\"_ _40\"> </span></span><span class=\"lsd7 wsd7\">2<span class=\"_ _2\"></span>,4<span class=\"_ _1\"></span>9<span class=\"_ _1\"></span>6<span class=\"_ _1\"></span>.4<span class=\"_ _383\"> </span></span>Unencumbered cash and balances with other bank<span class=\"_ _8\"></span>s<span class=\"_ _251\"> </span><span class=\"ff2 lsc4 wsc3\">1<span class=\"_ _2\"></span>4<span class=\"_ _2\"></span>7.<span class=\"_ _0\"> </span>2<span class=\"_ _59\"> </span></span><span class=\"lsf8 wsfd\">1<span class=\"_ _2\"></span>3<span class=\"_ _2\"></span>9.<span class=\"_ _2\"></span>8<span class=\"_ _383\"> </span></span>Other cash and cash equivalen<span class=\"_ _6\"></span>ts<span class=\"_ _270\"> </span><span class=\"ff2 ls81 wsdf\">0.4<span class=\"_ _15e\"> </span></span><span class=\"ls9f wsbc\">0.5<span class=\"_ _383\"> </span></span>Unencumbered in<span class=\"_ _6\"></span>vestmen<span class=\"_ _6\"></span>t securities<span class=\"_ _1f3\"> </span><span class=\"ff2 ls2\">366.5<span class=\"_ _91\"> </span></span><span class=\"lsf8 wsfd\">3<span class=\"_ _2\"></span>6<span class=\"_ _2\"></span>9.<span class=\"_ _2\"></span>6</span> <span class=\"_ _2e0\"> </span><span class=\"ff2 lsf9 ws82\">3,3<span class=\"_ _6\"></span>20.6<span class=\"_ _d\"> </span><span class=\"ff1 lsd4 ws46\">3,006.3<span class=\"_ _383\"> </span></span></span>",
   "dimensions": {
    "concept": "ifrs-full:DisclosureOfLiquidityRiskExplanatory",
    "language": "en",
    "entity": "scheme:213800ZBKL9BHSL2K459",
    "period": "2022-01-01T00:00:00/2023-01-01T00:00:00"
   }
  },
  "fact-584": {
   "value": "Market ris<span class=\"_ _1\"></span>k<span class=\"_ _383\"> </span>Mark<span class=\"_ _6\"></span>et risk is the risk of an adv<span class=\"_ _6\"></span>erse change in the Group<span class=\"_ _8\"></span>\u2019<span class=\"_ _8\"></span>s income or the Group<span class=\"_ _6\"></span>\u2019<span class=\"_ _8\"></span>s net worth arising from mov<span class=\"_ _6\"></span>ement in inter<span class=\"_ _6\"></span>est r<span class=\"_ _6\"></span>ates<span class=\"_ _6\"></span>, exchange rates or other mark<span class=\"_ _8\"></span>et prices. Mark<span class=\"_ _8\"></span>et risk exists<span class=\"_ _8\"></span>, to some extent, in all the Group<span class=\"_ _8\"></span>\u2019<span class=\"_ _8\"></span><span class=\"_ _383\">s businesses. The Group recognises that the eff</span><span class=\"_ _6\"></span>ective managemen<span class=\"_ _6\"></span>t of mark<span class=\"_ _8\"></span>et risk is essential to the maintenance of s<span class=\"_ _6\"></span>table earnings and preservation of shar<span class=\"_ _6\"></span>eholder value.<span class=\"_ _383\"> </span>Inter<span class=\"_ _1\"></span>es<span class=\"_ _1\"></span>t rate ris<span class=\"_ _1\"></span>k<span class=\"_ _383\"> </span>The primary mark<span class=\"_ _6\"></span>et risk faced by the Gr<span class=\"_ _6\"></span>oup is interes<span class=\"_ _6\"></span>t rate risk<span class=\"_ _6\"></span>. Inter<span class=\"_ _6\"></span>est r<span class=\"_ _6\"></span>ate risk is the risk of loss from adv<span class=\"_ _6\"></span>erse mo<span class=\"_ _6\"></span>vemen<span class=\"_ _6\"></span>t in the ov<span class=\"_ _6\"></span>erall le<span class=\"_ _6\"></span>vel of inter<span class=\"_ _6\"></span>est rat<span class=\"_ _6\"></span>es. It arises fr<span class=\"_ _6\"></span>om mismatches in the timing of repricing o<span class=\"_ _6\"></span>f assets and liabilities, bo<span class=\"_ _6\"></span><span class=\"_ _383\">th on and off-balance sheet. The Group does not run </span>a trading book or tak<span class=\"_ _8\"></span>e speculative inter<span class=\"_ _6\"></span>est r<span class=\"_ _6\"></span>ate positions and theref<span class=\"_ _6\"></span>ore all inter<span class=\"_ _6\"></span>est r<span class=\"_ _6\"></span>ate risk resides in the banking book (int<span class=\"_ _6\"></span>erest r<span class=\"_ _6\"></span>ate risk in the banking book (IRRBB)). IRRBB is most pre<span class=\"_ _6\"></span>valent in mortgage lending and in \ufb01xe<span class=\"_ _6\"></span>d rate r<span class=\"_ _6\"></span>etail deposits<span class=\"_ _6\"></span>. Exposure is mitigated on a continuous basis through the use of natur<span class=\"_ _6\"></span><span class=\"_ _383\">al offse</span><span class=\"_ _6\"></span>ts between mortgages and savings with a similar tenor<span class=\"_ _8\"></span>, inter<span class=\"_ _6\"></span>est rat<span class=\"_ _6\"></span>e derivatives and r<span class=\"_ _6\"></span>eserve allocations. Currently in<span class=\"_ _6\"></span>teres<span class=\"_ _6\"></span>t rate risk is managed separ<span class=\"_ _6\"></span>ately for O<span class=\"_ _6\"></span><span class=\"_ _383\">SB and CCFS due to the use of diff</span><span class=\"_ _6\"></span>erent tr<span class=\"_ _6\"></span>easury management and asset and liability management (ALM) syst<span class=\"_ _6\"></span>ems. Ho<span class=\"_ _6\"></span>we<span class=\"_ _6\"></span>ver<span class=\"_ _1f6\"></span>, the methodology applied to the setting of risk appetites w<span class=\"_ _6\"></span>as aligned across the Gr<span class=\"_ _6\"></span>oup in 2020<span class=\"_ _8\"></span>. B<span class=\"_ _1\"></span>oth Bank<span class=\"_ _6\"></span>s apply an economic value at risk approach as w<span class=\"_ _6\"></span>ell as an earnings at risk approach for in<span class=\"_ _6\"></span>teres<span class=\"_ _6\"></span>t rate risk and basis risk<span class=\"_ _6\"></span>. The inter<span class=\"_ _6\"></span>est rat<span class=\"_ _6\"></span>e sensitivity is impacted by behaviour<span class=\"_ _6\"></span>al assumptions used by the Group; the most signi\ufb01c<span class=\"_ _6\"></span>ant of which ar<span class=\"_ _6\"></span>e prepayments and pipeline t<span class=\"_ _6\"></span>ak<span class=\"_ _6\"></span>e up. Expected prepayment<span class=\"_ _6\"></span>s are monitored and mo<span class=\"_ _6\"></span>delled on a regular basis based upon his<span class=\"_ _6\"></span>torical analysis. The r<span class=\"_ _6\"></span>eserve allocation str<span class=\"_ _6\"></span>ategy is appro<span class=\"_ _6\"></span>ved by AL<span class=\"_ _8\"></span>CO and set to re<span class=\"_ _6\"></span>\ufb02ect the current balance sheet and future plans<span class=\"_ _8\"></span>.<span class=\"_ _383\"> </span>Inter<span class=\"_ _1\"></span>es<span class=\"_ _1\"></span>t rate ris<span class=\"_ _1\"></span>k<span class=\"ff5 lsd4 ws46\"> continue<span class=\"_ _1\"></span>d<span class=\"_ _383\"> </span></span>Economic value at risk is measur<span class=\"_ _6\"></span><span class=\"_ _383\">ed using the impact of six differ</span><span class=\"_ _6\"></span>ent internally deriv<span class=\"_ _8\"></span>ed interest r<span class=\"_ _6\"></span>ate scenarios. The in<span class=\"_ _6\"></span>ternal scenarios are de\ufb01ned by AL<span class=\"_ _8\"></span>CO and are based on three \u2018<span class=\"_ _8\"></span>shapes<span class=\"_ _6\"></span>\u2019 of curve mo<span class=\"_ _6\"></span>vement (shift, twist and \ufb02e<span class=\"_ _6\"></span>x). Historical dat<span class=\"_ _6\"></span>a is used to calibrat<span class=\"_ _6\"></span>e the sev<span class=\"_ _6\"></span>erity of the scenarios to the Group<span class=\"_ _8\"></span>\u2019<span class=\"_ _8\"></span>s risk appetite. The Board has set limits on in<span class=\"_ _6\"></span>teres<span class=\"_ _6\"></span>t rate risk e<span class=\"_ _6\"></span>xposure of 2.2<span class=\"_ _6\"></span>5% and 1% of CET1 for O<span class=\"_ _6\"></span>SB and CCFS<span class=\"_ _6\"></span>, respectiv<span class=\"_ _6\"></span>ely. The table below sho<span class=\"_ _8\"></span>ws the maximum decreases to net interes<span class=\"_ _6\"></span>t income under these scenarios after taking into account the derivativ<span class=\"_ _6\"></span>es:<span class=\"_ _383\"> </span>2022<span class=\"_ _383\"> </span>\u00a3m<span class=\"_ _383\"> </span>2021<span class=\"_ _383\"> </span>\u00a3m<span class=\"_ _383\"> </span>OSB<span class=\"_ _32d\"> </span><span class=\"ff2 ls14 ws11\">13.5<span class=\"_ _90\"> </span></span><span class=\"lsf8 wsfd\">9.<span class=\"_ _1\"></span>9<span class=\"_ _383\"> </span></span>CCFS<span class=\"_ _282\"> </span><span class=\"ff2 lsc5 wsc4\">1.9<span class=\"_ _20e\"> </span></span><span class=\"lsed wsf2\">1.1</span> <span class=\"_ _32e\"> </span><span class=\"ff2 ls81 wsdf\">15<span class=\"_ _1\"></span>.4<span class=\"_ _1c2\"> </span></span><span class=\"lsc7 ws7f\">11.0<span class=\"_ _383\"> </span></span>Exposure for earnings at risk as at 3<span class=\"_ _6\"></span>1 December 2022 is measured by the impact of a +/-<span class=\"_ _8\"></span>100bps parallel shift in interest r<span class=\"_ _6\"></span>ates on the expect<span class=\"_ _6\"></span>ed pro\ufb01tability o<span class=\"_ _6\"></span>f the Group in the next 12 mon<span class=\"_ _6\"></span>ths. The risk appetit<span class=\"_ _6\"></span>e limit is 4% of full year net int<span class=\"_ _6\"></span>erest income<span class=\"_ _6\"></span>. The table below sho<span class=\"_ _8\"></span>ws the maximum<span class=\"_ _1\"></span> decreases after taking into account the deriv<span class=\"_ _6\"></span>atives:<span class=\"_ _383\"> </span>2022<span class=\"_ _383\"> </span>\u00a3m<span class=\"_ _383\"> </span>2021<span class=\"_ _383\"> </span>\u00a3m<span class=\"_ _383\"> </span>OSB1<span class=\"_ _383\"> </span>7.<span class=\"_ _2\"></span>5<span class=\"_ _8b\"> </span><span class=\"ff1 ls9f wsbc\">0.5<span class=\"_ _383\"> </span></span>CCFS1,2<span class=\"_ _383\"> </span>8.8<span class=\"_ _1b4\"> </span><span class=\"ff1 lsd7 wsd7\">(<span class=\"_ _1\"></span>0<span class=\"_ _1\"></span>.4<span class=\"_ _1\"></span>)</span> <span class=\"_ _32e\"> </span><span class=\"ff2 ls12 wsf\">16.3<span class=\"_ _ca\"> </span></span><span class=\"lsed wsf2\">0<span class=\"_ _1\"></span>.1<span class=\"_ _383\"> </span></span>1. <span class=\"_ _41\"> </span> <span class=\"_ _23\"></span>E<span class=\"_ _1\"></span>xp<span class=\"_ _1\"></span>os<span class=\"_ _1\"></span>ur<span class=\"_ _1\"></span>e fo<span class=\"_ _1\"></span>r ea<span class=\"_ _1\"></span>rni<span class=\"_ _1\"></span>ng<span class=\"_ _1\"></span>s at ri<span class=\"_ _1\"></span>sk a<span class=\"_ _1\"></span>s at 31 D<span class=\"_ _1\"></span>e<span class=\"_ _1\"></span>ce<span class=\"_ _1\"></span>mb<span class=\"_ _1\"></span>er 20<span class=\"_ _1\"></span>21 wa<span class=\"_ _1\"></span>s m<span class=\"_ _1\"></span>ea<span class=\"_ _1\"></span>su<span class=\"_ _1\"></span>re<span class=\"_ _1\"></span>d by th<span class=\"_ _1\"></span>e im<span class=\"_ _1\"></span>pa<span class=\"_ _1\"></span>ct o<span class=\"_ _1\"></span>f a +/<span class=\"_ _8\"></span>-5<span class=\"_ _1\"></span>0b<span class=\"_ _1\"></span>ps p<span class=\"_ _1\"></span>ar<span class=\"_ _1\"></span>all<span class=\"_ _1\"></span>el s<span class=\"_ _1\"></span>hi<span class=\"_ _1\"></span>f<span class=\"_ _1\"></span>t in int<span class=\"_ _1\"></span>er<span class=\"_ _1\"></span>es<span class=\"_ _1\"></span>t rat<span class=\"_ _1\"></span>es o<span class=\"_ _1\"></span>n th<span class=\"_ _1\"></span>e exp<span class=\"_ _1\"></span>ec<span class=\"_ _1\"></span>te<span class=\"_ _1\"></span>d pr<span class=\"_ _1\"></span>o\ufb01t<span class=\"_ _1\"></span>abi<span class=\"_ _1\"></span>lity o<span class=\"_ _1\"></span>f th<span class=\"_ _1\"></span>e Gro<span class=\"_ _1\"></span>up i<span class=\"_ _1\"></span>n the n<span class=\"_ _1\"></span>ex<span class=\"_ _1\"></span>t 12 mo<span class=\"_ _1\"></span>nth<span class=\"_ _1\"></span>s. T<span class=\"_ _1\"></span>he r<span class=\"_ _1\"></span>is<span class=\"_ _1\"></span>k app<span class=\"_ _1\"></span>et<span class=\"_ _1\"></span>ite l<span class=\"_ _1\"></span>imi<span class=\"_ _1\"></span>t was 2<span class=\"_ _1\"></span>% of f<span class=\"_ _1\"></span>ull y<span class=\"_ _1\"></span>e<span class=\"_ _1\"></span>ar ne<span class=\"_ _1\"></span>t int<span class=\"_ _1\"></span>er<span class=\"_ _1\"></span>es<span class=\"_ _1\"></span>t in<span class=\"_ _1\"></span>co<span class=\"_ _1\"></span>me<span class=\"_ _1\"></span>.<span class=\"_ _383\"> </span>2. <span class=\"_ _34\"> </span>In<span class=\"_ _1\"></span>cr<span class=\"_ _1\"></span>ea<span class=\"_ _1\"></span>se<span class=\"_ _1\"></span>s fo<span class=\"_ _1\"></span>r CC<span class=\"_ _1\"></span>FS 202<span class=\"_ _1\"></span>1 du<span class=\"_ _1\"></span>e to pr<span class=\"_ _1\"></span>od<span class=\"_ _1\"></span>uc<span class=\"_ _1\"></span>t \ufb02o<span class=\"_ _1\"></span>or<span class=\"_ _1\"></span>s ea<span class=\"_ _1\"></span>rn<span class=\"_ _1\"></span>ing<span class=\"_ _1\"></span>s in<span class=\"_ _1\"></span>cr<span class=\"_ _1\"></span>ea<span class=\"_ _1\"></span>se<span class=\"_ _1\"></span>s in b<span class=\"_ _1\"></span>oth t<span class=\"_ _1\"></span>he +5<span class=\"_ _1\"></span>0b<span class=\"_ _1\"></span>p<span class=\"_ _1\"></span>s and -<span class=\"_ _1\"></span>50<span class=\"_ _1\"></span>bp<span class=\"_ _1\"></span>s sc<span class=\"_ _1\"></span>e<span class=\"_ _1\"></span>nar<span class=\"_ _1\"></span>io<span class=\"_ _1\"></span>s.<span class=\"_ _383\"> </span>Exposure for earnings at risk me<span class=\"_ _6\"></span>asured by the impact of a +/-<span class=\"_ _6\"></span>100bps parallel shift in int<span class=\"_ _6\"></span>erest r<span class=\"_ _6\"></span>ates on the expecte<span class=\"_ _6\"></span>d pro\ufb01tability o<span class=\"_ _6\"></span>f the Group in the next 3 year<span class=\"_ _6\"></span>s. The risk appetite limit is 4% o<span class=\"_ _6\"></span>f full year net inter<span class=\"_ _6\"></span>est income.<span class=\"_ _383\"> </span>2022<span class=\"_ _383\"> </span>\u00a3m<span class=\"_ _383\"> </span>20211<span class=\"_ _383\"> </span>\u00a3m<span class=\"_ _383\"> </span>OSB<span class=\"_ _243\"> </span><span class=\"ff2 lsc9 wsc9\">26.<span class=\"_ _1\"></span>2<span class=\"_ _1cc\"> </span></span><span class=\"ls2 ws2\">\u2013 </span>CCFS<span class=\"_ _277\"> </span><span class=\"ff2 lsc3 wsc2\">24<span class=\"_ _1\"></span>.1<span class=\"_ _d9\"> </span></span><span class=\"ls2 ws2\">\u2013 </span> <span class=\"_ _2d5\"> </span><span class=\"ff2 ls11 ws6e\">50.3<span class=\"_ _1cc\"> </span></span>\u2013 1. <span class=\"_ _41\"> </span>No<span class=\"_ _1\"></span>t me<span class=\"_ _1\"></span>as<span class=\"_ _1\"></span>ur<span class=\"_ _1\"></span>ed d<span class=\"_ _1\"></span>uri<span class=\"_ _1\"></span>ng 20<span class=\"_ _1\"></span>21.<span class=\"_ _383\"> </span>The Group is also expose<span class=\"_ _6\"></span>d to basis risk. Basis risk is the risk of loss fr<span class=\"_ _6\"></span>om an adver<span class=\"_ _6\"></span>se diver<span class=\"_ _6\"></span>gence in interes<span class=\"_ _6\"></span>t rates<span class=\"_ _6\"></span>. It arises where asset<span class=\"_ _6\"></span>s and liabilities <span class=\"_ _383\">reprice from diff</span><span class=\"_ _6\"></span>erent variable r<span class=\"_ _8\"></span>ate indices. These indices may be mark<span class=\"_ _6\"></span>et rates (<span class=\"_ _8\"></span>e.g. bank base rate or SONIA) or adminis<span class=\"_ _6\"></span>tered (<span class=\"_ _8\"></span>e.g. the Group<span class=\"_ _8\"></span>\u2019<span class=\"_ _8\"></span>s<span class=\"_ _1\"></span> SVR<span class=\"_ _6\"></span>, other discretionary v<span class=\"_ _6\"></span>ariable rates<span class=\"_ _6\"></span>, or that received on c<span class=\"_ _6\"></span>all accounts with other bank<span class=\"_ _6\"></span>s).<span class=\"_ _383\"> </span>The Group measures basis risk using the impac<span class=\"_ _6\"></span>t of four scenarios on net int<span class=\"_ _6\"></span>erest income o<span class=\"_ _6\"></span>ver a one-year period including mo<span class=\"_ _6\"></span>vemen<span class=\"_ _6\"></span>ts such as diver<span class=\"_ _6\"></span>ging base, o<span class=\"_ _6\"></span>vernigh<span class=\"_ _6\"></span>t and term SONIA rates<span class=\"_ _8\"></span>. Historical data is used to calibr<span class=\"_ _6\"></span>ate the sev<span class=\"_ _6\"></span>erity of the scenarios to the Group<span class=\"_ _8\"></span>\u2019<span class=\"_ _8\"></span>s risk appetite. The Board has set a limit on basis risk e<span class=\"_ _6\"></span>xposure of 2.<span class=\"_ _8\"></span>5% of full year net interes<span class=\"_ _6\"></span>t income. The table belo<span class=\"_ _6\"></span>w shows the maximum decr<span class=\"_ _6\"></span>eases to net inter<span class=\"_ _6\"></span>est income at 31 December 2022 and 2021:<span class=\"_ _383\"> </span>2022<span class=\"_ _383\"> </span>\u00a3m<span class=\"_ _383\"> </span>2021<span class=\"_ _383\"> </span>\u00a3m<span class=\"_ _383\"> </span>OSB<span class=\"_ _2de\"> </span><span class=\"ff2 ls7d wse2\">5.8<span class=\"_ _15e\"> </span></span><span class=\"ls2c ws29\">3.2<span class=\"_ _383\"> </span></span>CCFS<span class=\"_ _32f\"> </span><span class=\"ff2\">4.5<span class=\"_ _15e\"> </span></span><span class=\"lsd3 ws86\">3.8</span> <span class=\"_ _2c1\"> </span><span class=\"ff2 ls11 ws6e\">10.3<span class=\"_ _90\"> </span></span><span class=\"lsc8 wsc8\">7.<span class=\"_ _0\"></span>0<span class=\"_ _383\"> </span></span>Foreign e<span class=\"_ _6\"></span>xchange<span class=\"_ _6\"></span> rate risk<span class=\"_ _383\"> </span>The Group has limited e<span class=\"_ _6\"></span>xposure to for<span class=\"_ _6\"></span>eign ex<span class=\"_ _6\"></span>change risk in respect of its Indian oper<span class=\"_ _6\"></span>ations. A 5% incr<span class=\"_ _6\"></span>ease in ex<span class=\"_ _6\"></span>change rates w<span class=\"_ _6\"></span>ould result in a \u00a30<span class=\"_ _6\"></span>.7<span class=\"_ _8\"></span>m (2021: \u00a30<span class=\"_ _8\"></span>.<span class=\"_ _8\"></span><span class=\"_ _383\">4m) effect in pro\ufb01t or loss and \u00a30</span><span class=\"_ _8\"></span>.5m (2<span class=\"_ _6\"></span>021: \u00a30<span class=\"_ _6\"></span>.5m) in equity.<span class=\"_ _383\"> </span><div class=\"t m0 hc ff2 fs7 fc3 sc0 ls73 ws7a gs20f\">Structured entities<span class=\"_ _383\"> </span></div><div class=\"t m0 hd ff1 fs7 fc3 sc0 ls11 ws2 gs22b\">The structur<span class=\"_ _6\"></span>ed entities consolidated within the Group at 3<span class=\"_ _6\"></span>1 December 2022 were Can<span class=\"_ _6\"></span>terbury Finance No.2 plc<span class=\"_ _6\"></span>, Canterbury Finance No<span class=\"_ _6\"></span>.3 plc, </div><div class=\"t m0 hd ff1 fs7 fc3 sc0 ls11 ws2 gs210\">Canterbury Finance No<span class=\"_ _6\"></span>.<span class=\"_ _8\"></span>4 plc, Cant<span class=\"_ _6\"></span>erbury Finance No.<span class=\"_ _6\"></span>5 plc and CMF 2020-<span class=\"_ _8\"></span>1 plc. These entities hold legal title to a pool of mortgages which are </div><div class=\"t m0 hd ff1 fs7 fc3 sc0 ls11 ws2 gs211\">used as a security for issued debt. The tr<span class=\"_ _6\"></span>ansfer of mortgages fails derecognition criteria because the Gr<span class=\"_ _6\"></span>oup retained the subor<span class=\"_ _6\"></span>dinated notes and </div><div class=\"t m0 hd ff1 fs7 fc3 sc0 ls11 ws2 gsaca\">residual certi\ufb01cates issued and as such did not transf<span class=\"_ _6\"></span>er substan<span class=\"_ _6\"></span>tially the risks and r<span class=\"_ _6\"></span>ew<span class=\"_ _6\"></span>ards o<span class=\"_ _6\"></span>f owner<span class=\"_ _6\"></span>ship of the securitised mortgages. There<span class=\"_ _6\"></span>fore<span class=\"_ _6\"></span>, </div><div class=\"t m0 hd ff1 fs7 fc3 sc0 ls11 ws2 gs212\">the Group is expose<span class=\"_ _6\"></span>d to credit, int<span class=\"_ _6\"></span>erest r<span class=\"_ _6\"></span>ate and other risk<span class=\"_ _8\"></span>s on the se<span class=\"_ _1\"></span>curitised mortgages. </div><div class=\"t m0 hd ff1 fs7 fc3 sc0 ls11 ws2 gs22c\">Cash \ufb02ows gener<span class=\"_ _8\"></span>ated from the structured en<span class=\"_ _6\"></span>tities are ring-<span class=\"_ _6\"></span>fenced and are used to pay in<span class=\"_ _6\"></span>teres<span class=\"_ _6\"></span>t and principal of the issued debt securities in a </div><div class=\"t m0 hd ff1 fs7 fc3 sc0 ls11 ws2 gs214\">waterfall or<span class=\"_ _8\"></span>der ac<span class=\"_ _1\"></span>cording to the seniority of the bonds<span class=\"_ _8\"></span>. The structured entities ar<span class=\"_ _6\"></span>e self-funded and the Group is no<span class=\"_ _6\"></span>t contractually or cons<span class=\"_ _6\"></span>tructively </div><div class=\"t m0 hd ff1 fs7 fc3 sc0 ls11 ws2 gs22d\">obliged to pro<span class=\"_ _6\"></span>vide further liquidity or \ufb01nancial suppor<span class=\"_ _1\"></span>t. </div><div class=\"t m0 hd ff1 fs7 fc3 sc0 ls11 ws2 gs216\">The structur<span class=\"_ _6\"></span>ed entities consolidated within the Group at 3<span class=\"_ _6\"></span>1 December 2021 were Can<span class=\"_ _6\"></span>terbury Finance No.2 plc<span class=\"_ _6\"></span>, Canterbury Finance No<span class=\"_ _6\"></span>.3 plc, </div><div class=\"t m0 hd ff1 fs7 fc3 sc0 ls11 ws2 gs217\">Canterbury Finance No<span class=\"_ _6\"></span>.<span class=\"_ _8\"></span>4 plc and CMF 2020-<span class=\"_ _8\"></span>1 plc.<span class=\"_ _383\"> </span></div><div class=\"t m0 hc ff2 fs7 fc3 sc0 ls2f ws2c gs219\">Unconsolid<span class=\"_ _6\"></span>ated stru<span class=\"_ _6\"></span>ctured en<span class=\"_ _6\"></span>tities<span class=\"_ _383\"> </span></div><div class=\"t m0 hd ff1 fs7 fc3 sc0 ls11 ws2 gs21a\">Structured en<span class=\"_ _6\"></span>tities, which w<span class=\"_ _8\"></span>ere sponsored by the Group include Precise Mortgage Funding 2017<span class=\"_ _1f6\"></span>-1B plc, Charter Mortgage Funding 2017<span class=\"_ _8\"></span>-1 plc<span class=\"_ _6\"></span>, </div><div class=\"t m0 hd ff1 fs7 fc3 sc0 ls11 ws2 gs21b\">Precise Mortgage Funding 2018-<span class=\"_ _6\"></span>1B plc, Charter Mortgage Funding 2018-1 plc<span class=\"_ _6\"></span>, Precise Mortgage Funding 2019-<span class=\"_ _8\"></span>1B plc, Canterbury Finance No.<span class=\"_ _8\"></span>1 plc </div><div class=\"t m0 hd ff1 fs7 fc3 sc0 ls11 ws2 gsacb\">and Precise Mortgage Funding 2020-<span class=\"_ _6\"></span>1B plc.<span class=\"_ _383\"> </span></div><div class=\"t m0 hd ff1 fs7 fc3 sc0 ls11 ws2 gs21d\">These structur<span class=\"_ _6\"></span>ed entities are not consolidate<span class=\"_ _6\"></span>d by the Group, as the Gr<span class=\"_ _6\"></span>oup does not control the entities and is no<span class=\"_ _6\"></span>t exposed to the risk<span class=\"_ _8\"></span>s and rewar<span class=\"_ _8\"></span>ds<span class=\"_ _1\"></span> </div><div class=\"t m0 hd ff1 fs7 fc3 sc0 ls11 ws2 gsacc\">of owner<span class=\"_ _6\"></span>ship from the securitised mortgages. The Gr<span class=\"_ _6\"></span>oup has no contrac<span class=\"_ _6\"></span>tual arrangement<span class=\"_ _6\"></span>s with the unconsolidated structure<span class=\"_ _6\"></span>d entities other than </div><div class=\"t m0 hd ff1 fs7 fc3 sc0 ls11 ws2 gsacd\">the inv<span class=\"_ _6\"></span>estment<span class=\"_ _6\"></span>s disclosed in note 19 and servicing the structured en<span class=\"_ _6\"></span>tities<span class=\"_ _8\"></span>\u2019 mor<span class=\"_ _1\"></span>tgage portfolios. </div><div class=\"t m0 hd ff1 fs7 fc3 sc0 ls11 ws2 gsace\">The Group has not pr<span class=\"_ _6\"></span>ovided any support to the unconsolidated structur<span class=\"_ _6\"></span>ed entities lis<span class=\"_ _6\"></span>ted and has no obligation or inten<span class=\"_ _6\"></span>tion to do so.<span class=\"_ _383\"> </span></div><div class=\"t m0 hd ff1 fs7 fc3 sc0 ls11 ws2 gsacf\">During 2022 the Group r<span class=\"_ _6\"></span>eceived \u00a32.6m in<span class=\"_ _6\"></span>teres<span class=\"_ _6\"></span>t income (2021: \u00a31.8m) and \u00a34<span class=\"_ _8\"></span>.3m servicing income (2021: \u00a34<span class=\"_ _8\"></span>.<span class=\"_ _8\"></span>4m) from unconsolidated <span class=\"ls2\"> </span></div><div class=\"t m0 hd ff1 fs7 fc3 sc0 ls11 ws2 gsad0\">structur<span class=\"_ _6\"></span>ed entities<span class=\"_ _383\"> </span><span class=\"_ _6\"></span>.<span class=\"_ _383\"> </span></div>",
   "dimensions": {
    "concept": "ifrs-full:DisclosureOfMarketRiskExplanatory",
    "language": "en",
    "entity": "scheme:213800ZBKL9BHSL2K459",
    "period": "2022-01-01T00:00:00/2023-01-01T00:00:00"
   }
  },
  "fact-609": {
   "value": "<span class=\"_ _383\">46.\u2002Financial instrume</span><span class=\"_ _1\"></span>nts and fair values<span class=\"_ _383\"> </span><span class=\"_ _383\">i.\u2002Financ</span><span class=\"_ _1\"></span>ial as<span class=\"_ _1\"></span>set<span class=\"_ _1\"></span>s and \ufb01n<span class=\"_ _1\"></span>anci<span class=\"_ _1\"></span>al liabi<span class=\"_ _1\"></span>lities<span class=\"_ _383\"> </span>The following t<span class=\"_ _6\"></span>able sets out the classi\ufb01cation of \ufb01nancial ins<span class=\"_ _6\"></span>truments in the Consolidated St<span class=\"_ _6\"></span>atement of Financial Position:<span class=\"_ _383\"> </span>Note<span class=\"_ _383\"> </span>2022<span class=\"_ _383\"> </span>Designated FV<span class=\"_ _1\"></span>TPL<span class=\"_ _383\"> </span>\u00a3m<span class=\"_ _383\"> </span>Mandatorily FV<span class=\"_ _1\"></span>TPL<span class=\"_ _383\"> </span>\u00a3m<span class=\"_ _383\"> </span>F<span class=\"_ _1\"></span>VO<span class=\"_ _1\"></span>C<span class=\"_ _1\"></span>I<span class=\"_ _383\"> </span>\u00a3m<span class=\"_ _383\"> </span>Amortised<span class=\"_ _1\"></span> cost<span class=\"_ _383\"> </span>\u00a3m<span class=\"_ _383\"> </span>T<span class=\"_ _8\"></span>otal carrying<span class=\"_ _1\"></span> amount<span class=\"_ _383\"> </span>\u00a3m<span class=\"_ _383\"> </span>Assets<span class=\"_ _21b\"> </span><span class=\"ff1 ls2 ws2\"> <span class=\"_ _11a\"> </span><span class=\"ff2\"> <span class=\"_ _11a\"> </span> <span class=\"_ _21a\"> </span> <span class=\"_ _11a\"> </span> <span class=\"_ _11a\"> </span> </span></span>Cash in hand<span class=\"_ _2f8\"> </span><span class=\"ls2\"> <span class=\"_ _111\"> </span><span class=\"ff2\">\u2013 <span class=\"_ _3f\"> </span>\u2013 <span class=\"_ _20e\"> </span>\u2013 <span class=\"_ _d0\"> </span><span class=\"ls81 wsdf\">0<span class=\"_ _1\"></span>.4<span class=\"_ _15c\"> </span>0<span class=\"_ _1\"></span>.4<span class=\"_ _383\"> </span></span></span></span>Loans and adv<span class=\"_ _6\"></span>ances to credit institutions<span class=\"_ _19c\"> </span><span class=\"ls14 ws11\">18<span class=\"_ _1cc\"> </span></span><span class=\"ff2 ls2\">\u2013 <span class=\"_ _3f\"> </span>\u2013 <span class=\"_ _20e\"> </span>\u2013 <span class=\"_ _19f\"> </span><span class=\"lsf9 ws82\">3,365.7<span class=\"_ _6c\"> </span>3,365.<span class=\"_ _6\"></span>7<span class=\"_ _383\"> </span></span></span>Inv<span class=\"_ _6\"></span>estment securities<span class=\"_ _c2\"> </span><span class=\"ws6e\">19<span class=\"_ _15c\"> </span><span class=\"ff2\">0.5<span class=\"_ _1cc\"> </span><span class=\"ls2 ws2\">\u2013 <span class=\"_ _98\"> </span><span class=\"ls6f ws75\">149<span class=\"_ _1f6\"></span>.<span class=\"_ _1\"></span>8<span class=\"_ _98\"> </span><span class=\"ls12 wsf\">262.<span class=\"_ _1\"></span>6<span class=\"_ _3e\"> </span><span class=\"lsc5 wsc4\">41<span class=\"_ _1\"></span>2<span class=\"_ _1\"></span>.9<span class=\"_ _383\"> </span></span></span></span></span></span></span>Loans and adv<span class=\"_ _6\"></span>ances to customer<span class=\"_ _6\"></span>s<span class=\"_ _16d\"> </span><span class=\"ls14 ws11\">20<span class=\"_ _254\"> </span></span><span class=\"ff2 ws6e\">14.6<span class=\"_ _1cc\"> </span><span class=\"ls2 ws2\">\u2013 <span class=\"_ _3f\"> </span>\u2013 <span class=\"_ _b3\"> </span><span class=\"lscd wsce\">2<span class=\"_ _1\"></span>3,598<span class=\"_ _1\"></span>.<span class=\"_ _6\"></span>1<span class=\"_ _67\"> </span><span class=\"ls33 ws30\">2<span class=\"_ _1\"></span>3<span class=\"_ _1\"></span>,61<span class=\"_ _1\"></span>2<span class=\"_ _1\"></span>.<span class=\"_ _1\"></span>7<span class=\"_ _383\"> </span></span></span></span></span>Derivative asset<span class=\"_ _6\"></span>s<span class=\"_ _7b\"> </span><span class=\"ls14 ws11\">25<span class=\"_ _116\"> </span></span><span class=\"ff2 ls2\">\u2013 <span class=\"_ _8c\"> </span><span class=\"ls1f ws1c\">888.<span class=\"_ _8\"></span>1<span class=\"_ _1cc\"> </span><span class=\"ls2 ws2\">\u2013 <span class=\"_ _3f\"> </span>\u2013 <span class=\"_ _70\"> </span></span>888.<span class=\"_ _6\"></span>1<span class=\"_ _383\"> </span></span></span>Other assets<span class=\"_ _383\"> </span>1<span class=\"_ _383\"> </span>27<span class=\"_ _1cc\"> </span><span class=\"ff2 ls2 ws2\">\u2013 <span class=\"_ _3f\"> </span>\u2013 <span class=\"_ _20e\"> </span>\u2013 <span class=\"_ _63\"> </span><span class=\"ls14 ws11\">1.8<span class=\"_ _8b\"> </span>1.8</span></span> <span class=\"_ _253\"> </span> <span class=\"_ _15c\"> </span><span class=\"ff2 lsc3 wsc2\">1<span class=\"_ _1\"></span>5<span class=\"_ _2\"></span>.1<span class=\"_ _5a\"> </span><span class=\"ls1f ws1c\">888.1<span class=\"_ _5a\"> </span><span class=\"ls6f ws75\">149<span class=\"_ _8\"></span>.<span class=\"_ _1\"></span>8<span class=\"_ _a2\"> </span><span class=\"lse4 wse9\">2<span class=\"_ _0\"></span>7,<span class=\"_ _0\"> </span>2<span class=\"_ _0\"></span>2<span class=\"_ _0\"></span>8<span class=\"_ _0\"></span>.<span class=\"_ _0\"></span>6<span class=\"_ _1fe\"> </span><span class=\"ls14 ws11\">2<span class=\"_ _1\"></span>8,<span class=\"_ _1\"></span>281.6<span class=\"_ _383\"> </span></span></span></span></span></span>Liabilities<span class=\"_ _ad\"> </span><span class=\"ff1 ls2 ws2\"> <span class=\"_ _11a\"> </span><span class=\"ff2\"> <span class=\"_ _11a\"> </span> <span class=\"_ _11a\"> </span> <span class=\"_ _11a\"> </span> <span class=\"_ _11a\"> </span> </span></span>Amounts o<span class=\"_ _6\"></span>wed to r<span class=\"_ _6\"></span>etail depositor<span class=\"_ _6\"></span>s<span class=\"_ _330\"> </span><span class=\"ls7d wse2\">32<span class=\"_ _1cc\"> </span></span><span class=\"ff2 ls2\">\u2013 <span class=\"_ _20e\"> </span>\u2013 <span class=\"_ _3f\"> </span>\u2013 <span class=\"_ _fc\"> </span><span class=\"lsd3 ws86\">19<span class=\"_ _8\"></span>,755.8<span class=\"_ _fd\"> </span>19<span class=\"_ _8\"></span>,755.8<span class=\"_ _383\"> </span></span></span>Amounts o<span class=\"_ _6\"></span>wed to cr<span class=\"_ _6\"></span>edit institutions<span class=\"_ _331\"> </span><span class=\"ls7d wse2\">31<span class=\"_ _1cc\"> </span></span><span class=\"ff2 ls2\">\u2013 <span class=\"_ _3f\"> </span>\u2013 <span class=\"_ _20e\"> </span>\u2013 <span class=\"_ _aa\"> </span><span class=\"lsc5 wsc4\">5<span class=\"_ _1\"></span>,<span class=\"_ _2\"></span>0<span class=\"_ _1\"></span>9<span class=\"_ _1\"></span>2<span class=\"_ _2\"></span>.9<span class=\"_ _66\"> </span>5<span class=\"_ _1\"></span>,<span class=\"_ _1\"></span>0<span class=\"_ _2\"></span>9<span class=\"_ _1\"></span>2<span class=\"_ _1\"></span>.9<span class=\"_ _383\"> </span></span></span>Amounts o<span class=\"_ _6\"></span>wed to o<span class=\"_ _6\"></span>ther customer<span class=\"_ _6\"></span>s<span class=\"_ _330\"> </span><span class=\"ls73 ws7a\">33<span class=\"_ _116\"> </span></span><span class=\"ff2 ls2\">\u2013 <span class=\"_ _3f\"> </span>\u2013 <span class=\"_ _20e\"> </span>\u2013 <span class=\"_ _3d\"> </span><span class=\"lsc3 wsc2\">1<span class=\"_ _1\"></span>1<span class=\"_ _1\"></span>3<span class=\"_ _2\"></span>.1<span class=\"_ _9d\"> </span>11<span class=\"_ _2\"></span>3<span class=\"_ _1\"></span>.1<span class=\"_ _383\"> </span></span></span>Debt securities in issue<span class=\"_ _d4\"> </span><span class=\"ls2c ws29\">34<span class=\"_ _1cc\"> </span></span><span class=\"ff2 ls2\">\u2013 <span class=\"_ _20e\"> </span>\u2013 <span class=\"_ _3f\"> </span>\u2013 <span class=\"_ _122\"> </span><span class=\"lsc5 wsc4\">2<span class=\"_ _1\"></span>6<span class=\"_ _1\"></span>5<span class=\"_ _2\"></span>.9<span class=\"_ _50\"> </span>26<span class=\"_ _2\"></span>5<span class=\"_ _1\"></span>.9<span class=\"_ _383\"> </span></span></span>Derivative liabilities<span class=\"_ _c5\"> </span><span class=\"ls14 ws11\">25<span class=\"_ _1cc\"> </span></span><span class=\"ff2 ls2\">\u2013 <span class=\"_ _70\"> </span>106.6<span class=\"_ _1cc\"> </span>\u2013 <span class=\"_ _3f\"> </span>\u2013 <span class=\"_ _83\"> </span>106.6<span class=\"_ _383\"> </span></span>Other liabilities<span class=\"_ _383\"> </span>2<span class=\"_ _383\"> </span>36<span class=\"_ _1cc\"> </span><span class=\"ff2 ls2 ws2\">\u2013 <span class=\"_ _20e\"> </span>\u2013 <span class=\"_ _3f\"> </span>\u2013 <span class=\"_ _2ab\"> </span><span class=\"lsc3 wsc2\">3<span class=\"_ _2\"></span>8<span class=\"_ _2\"></span>.1<span class=\"_ _4f\"> </span>3<span class=\"_ _2\"></span>8<span class=\"_ _1\"></span>.1<span class=\"_ _383\"> </span></span></span>Subordinated liabilities<span class=\"_ _27\"> </span><span class=\"ls2\">39<span class=\"_ _1cc\"> </span><span class=\"ff2\">\u2013 <span class=\"_ _3f\"> </span>\u2013 <span class=\"_ _20e\"> </span>\u2013 <span class=\"_ _3f\"> </span>\u2013 <span class=\"_ _20e\"> </span>\u2013 </span></span>PSBs<span class=\"_ _332\"> </span><span class=\"ls1f ws1c\">40<span class=\"_ _1cc\"> </span><span class=\"ff2 ls2 ws2\">\u2013 <span class=\"_ _20e\"> </span>\u2013 <span class=\"_ _3f\"> </span>\u2013 <span class=\"_ _5c\"> </span><span class=\"lscd wsce\">15.<span class=\"_ _1\"></span>2<span class=\"_ _55\"> </span>15.2</span></span></span> <span class=\"_ _253\"> </span> <span class=\"_ _111\"> </span><span class=\"ff2\">\u2013 <span class=\"_ _70\"> </span>106.6<span class=\"_ _1cc\"> </span>\u2013 <span class=\"_ _b5\"> </span><span class=\"ls14 ws11\">25,<span class=\"_ _1\"></span>281.0<span class=\"_ _ff\"> </span><span class=\"lsff ws91\">25,387<span class=\"_ _1f6\"></span>.6<span class=\"_ _383\"> </span></span></span></span>1.<span class=\"_ _6\"></span> <span class=\"_ _41\"> </span>Balance ex<span class=\"_ _6\"></span>cludes prepa<span class=\"_ _6\"></span>yments.<span class=\"_ _383\"> </span>2. <span class=\"_ _149\"> </span>Balance exc<span class=\"_ _6\"></span>ludes defer<span class=\"_ _6\"></span>red income<span class=\"_ _383\"> </span>.<span class=\"_ _383\"> </span><span class=\"_ _383\">i.\u2002Financ</span><span class=\"_ _1\"></span>ial as<span class=\"_ _1\"></span>set<span class=\"_ _1\"></span>s and \ufb01n<span class=\"_ _1\"></span>anci<span class=\"_ _1\"></span>al liabi<span class=\"_ _1\"></span>lities<span class=\"ff5 lsd4 ws46\"> c<span class=\"_ _1\"></span>ontinue<span class=\"_ _1\"></span>d<span class=\"_ _383\"> </span></span>Note<span class=\"_ _383\"> </span>2021<span class=\"_ _383\"> </span>Designated FV<span class=\"_ _1\"></span>TPL<span class=\"_ _383\"> </span>\u00a3m<span class=\"_ _383\"> </span>Mandatorily FV<span class=\"_ _1\"></span>TPL<span class=\"_ _383\"> </span>\u00a3m<span class=\"_ _383\"> </span>FVOCI<span class=\"_ _383\"> </span>\u00a3m<span class=\"_ _383\"> </span>Amortised cost<span class=\"_ _383\"> </span>\u00a3m<span class=\"_ _383\"> </span>T<span class=\"_ _8\"></span>otal carrying amount<span class=\"_ _383\"> </span>\u00a3m<span class=\"_ _383\"> </span>Assets<span class=\"_ _21b\"> </span><span class=\"ff1 ls2 ws2\"> <span class=\"_ _21a\"> </span> </span>Cash in hand<span class=\"_ _2f8\"> </span><span class=\"ls2\"> <span class=\"_ _333\"> </span>\u2013 <span class=\"_ _3f\"> </span>\u2013 <span class=\"_ _20e\"> </span>\u2013 <span class=\"_ _1b4\"> </span><span class=\"ls9f wsbc\">0.5<span class=\"_ _15e\"> </span>0.5<span class=\"_ _383\"> </span></span></span>Loans and adv<span class=\"_ _6\"></span>ances to credit institutions<span class=\"_ _19c\"> </span><span class=\"ls14 ws11\">18<span class=\"_ _1cc\"> </span></span><span class=\"ls2\">\u2013 <span class=\"_ _3f\"> </span>\u2013 <span class=\"_ _3f\"> </span>\u2013 <span class=\"_ _a5\"> </span><span class=\"ls2c ws29\">2,843.6<span class=\"_ _6e\"> </span>2,843.6<span class=\"_ _383\"> </span></span></span>Inv<span class=\"_ _6\"></span>estment securities<span class=\"_ _c2\"> </span><span class=\"ws6e\">19<span class=\"_ _8b\"> </span><span class=\"ls9f wsbc\">0.7<span class=\"_ _d9\"> </span></span></span><span class=\"ls2\">\u2013 <span class=\"_ _3e\"> </span><span class=\"lsc8 wsc8\">1<span class=\"_ _0\"></span>6<span class=\"_ _2\"></span>7.<span class=\"_ _0\"></span>6<span class=\"_ _5c\"> </span><span class=\"lsed wsf2\">3<span class=\"_ _2\"></span>2<span class=\"_ _1\"></span>3<span class=\"_ _1\"></span>.1<span class=\"_ _5c\"> </span><span class=\"lsd7 wsd7\">49<span class=\"_ _2\"></span>1<span class=\"_ _1\"></span>.4<span class=\"_ _383\"> </span></span></span></span></span>Loans and adv<span class=\"_ _6\"></span>ances to customer<span class=\"_ _6\"></span>s<span class=\"_ _16d\"> </span><span class=\"ls14 ws11\">20<span class=\"_ _1c2\"> </span><span class=\"lsc8 wsc8\">1<span class=\"_ _2\"></span>7.<span class=\"_ _0\"></span>7<span class=\"_ _35\"> </span></span></span><span class=\"ls2\">\u2013 <span class=\"_ _3f\"> </span>\u2013 <span class=\"_ _1fe\"> </span><span class=\"lsc9 wsc9\">21<span class=\"_ _1\"></span>,062.<span class=\"_ _1\"></span>6<span class=\"_ _19f\"> </span><span class=\"ls9f wsbc\">21,08<span class=\"_ _1\"></span>0.3<span class=\"_ _383\"> </span></span></span></span>Derivative asset<span class=\"_ _6\"></span>s<span class=\"_ _7b\"> </span><span class=\"ls14 ws11\">25<span class=\"_ _1cc\"> </span></span><span class=\"ls2\">\u2013 <span class=\"_ _a9\"> </span><span class=\"ls14 ws11\">185.7<span class=\"_ _d9\"> </span></span>\u2013 <span class=\"_ _20e\"> </span>\u2013 <span class=\"_ _a9\"> </span><span class=\"ls14 ws11\">18<span class=\"_ _1\"></span>5.7<span class=\"_ _383\"> </span></span></span>Other assets1<span class=\"_ _383\"> </span>27<span class=\"_ _1cc\"> </span><span class=\"ls2 ws2\">\u2013 <span class=\"_ _3f\"> </span>\u2013 <span class=\"_ _3f\"> </span>\u2013 <span class=\"_ _57\"> </span><span class=\"ls86 wsf1\">0<span class=\"_ _1\"></span>.9<span class=\"_ _8b\"> </span>0<span class=\"_ _2\"></span>.9</span></span> <span class=\"_ _253\"> </span> <span class=\"_ _1c2\"> </span><span class=\"lsd7 wsd7\">1<span class=\"_ _1\"></span>8<span class=\"_ _2\"></span>.4<span class=\"_ _e8\"> </span><span class=\"ls14 ws11\">185.7<span class=\"_ _93\"> </span><span class=\"lsc8 wsc8\">1<span class=\"_ _2\"></span>6<span class=\"_ _2\"></span>7.<span class=\"_ _0\"></span>6<span class=\"_ _19f\"> </span><span class=\"ls88 wse3\">24,<span class=\"_ _2\"></span>23<span class=\"_ _1\"></span>0.<span class=\"_ _1\"></span>7<span class=\"_ _a6\"> </span></span></span></span></span>24,602.<span class=\"_ _8\"></span>4<span class=\"_ _383\"> </span>Liabilities<span class=\"_ _ad\"> </span><span class=\"ff1 ls2 ws2\"> <span class=\"_ _11a\"> </span> </span>Amounts o<span class=\"_ _6\"></span>wed to r<span class=\"_ _6\"></span>etail depositor<span class=\"_ _6\"></span>s<span class=\"_ _330\"> </span><span class=\"ls7d wse2\">32<span class=\"_ _1cc\"> </span></span><span class=\"ls2\">\u2013 <span class=\"_ _3f\"> </span>\u2013 <span class=\"_ _3f\"> </span>\u2013 <span class=\"_ _19f\"> </span><span class=\"lsc8 wsc8\">1<span class=\"_ _2\"></span>7,<span class=\"_ _0\"></span>5<span class=\"_ _0\"></span>2<span class=\"_ _0\"></span>6<span class=\"_ _0\"></span>.<span class=\"_ _1\"></span>4<span class=\"_ _121\"> </span>1<span class=\"_ _2\"></span>7,<span class=\"_ _0\"></span>5<span class=\"_ _0\"></span>2<span class=\"_ _2\"></span>6<span class=\"_ _0\"> </span>.<span class=\"_ _2\"></span>4<span class=\"_ _383\"> </span></span></span>Amounts o<span class=\"_ _6\"></span>wed to cr<span class=\"_ _6\"></span>edit institutions<span class=\"_ _331\"> </span><span class=\"ls7d wse2\">31<span class=\"_ _1cc\"> </span></span><span class=\"ls2\">\u2013 <span class=\"_ _3f\"> </span>\u2013 <span class=\"_ _3f\"> </span>\u2013 <span class=\"_ _6b\"> </span><span class=\"lsf8 wsfd\">4<span class=\"_ _1\"></span>,<span class=\"_ _2\"></span>3<span class=\"_ _2\"></span>1<span class=\"_ _2\"></span>9.<span class=\"_ _2\"></span>6<span class=\"_ _7f\"> </span>4<span class=\"_ _2\"></span>,<span class=\"_ _2\"></span>3<span class=\"_ _2\"></span>1<span class=\"_ _1\"></span>9.<span class=\"_ _2\"></span>6<span class=\"_ _383\"> </span></span></span>Amounts o<span class=\"_ _6\"></span>wed to o<span class=\"_ _6\"></span>ther customer<span class=\"_ _6\"></span>s<span class=\"_ _330\"> </span><span class=\"ls73 ws7a\">33<span class=\"_ _116\"> </span></span><span class=\"ls2\">\u2013 <span class=\"_ _3f\"> </span>\u2013 <span class=\"_ _3f\"> </span>\u2013 <span class=\"_ _5c\"> </span><span class=\"ls14 ws11\">92.6<span class=\"_ _55\"> </span>92.6<span class=\"_ _383\"> </span></span></span>Debt securities in issue<span class=\"_ _d4\"> </span><span class=\"ls2c ws29\">34<span class=\"_ _1cc\"> </span></span><span class=\"ls2\">\u2013 <span class=\"_ _3f\"> </span>\u2013 <span class=\"_ _20e\"> </span>\u2013 <span class=\"_ _70\"> </span><span class=\"ls9f wsbc\">460.3<span class=\"_ _a9\"> </span>46<span class=\"_ _1\"></span>0.3<span class=\"_ _383\"> </span></span></span>Derivative liabilities<span class=\"_ _c5\"> </span><span class=\"ls14 ws11\">25<span class=\"_ _1cc\"> </span></span><span class=\"ls2\">\u2013 <span class=\"_ _4f\"> </span><span class=\"lsf8 wsfd\">1<span class=\"_ _2\"></span>9.<span class=\"_ _2\"></span>7<span class=\"_ _d9\"> </span></span>\u2013 <span class=\"_ _3f\"> </span>\u2013 <span class=\"_ _254\"> </span><span class=\"lsf8 wsfd\">1<span class=\"_ _2\"></span>9.<span class=\"_ _2\"></span>7<span class=\"_ _383\"> </span></span></span>Other liabilities2<span class=\"_ _383\"> </span>36<span class=\"_ _1cc\"> </span><span class=\"ls2 ws2\">\u2013 <span class=\"_ _3f\"> </span>\u2013 <span class=\"_ _20e\"> </span>\u2013 <span class=\"_ _5c\"> </span><span class=\"ls54 ws55\">28.8<span class=\"_ _55\"> </span>28.8<span class=\"_ _383\"> </span></span></span>Subordinated liabilities<span class=\"_ _27\"> </span><span class=\"ls2\">39<span class=\"_ _1cc\"> </span>\u2013 <span class=\"_ _3f\"> </span>\u2013 <span class=\"_ _3f\"> </span>\u2013 <span class=\"_ _93\"> </span><span class=\"ls9f wsbc\">10.<span class=\"_ _1\"></span>3<span class=\"_ _61\"> </span>10.3<span class=\"_ _383\"> </span></span></span>PSBs<span class=\"_ _332\"> </span><span class=\"ls1f ws1c\">40<span class=\"_ _1cc\"> </span><span class=\"ls2 ws2\">\u2013 <span class=\"_ _3f\"> </span>\u2013 <span class=\"_ _20e\"> </span>\u2013 <span class=\"_ _96\"> </span><span class=\"ls9f wsbc\">15.2<span class=\"_ _61\"> </span>15.<span class=\"_ _1\"></span>2</span></span></span> <span class=\"_ _253\"> </span> <span class=\"_ _111\"> </span>\u2013 <span class=\"_ _4f\"> </span><span class=\"lsf8 wsfd\">1<span class=\"_ _2\"></span>9.<span class=\"_ _2\"></span>7<span class=\"_ _d9\"> </span></span>\u2013 <span class=\"_ _a2\"> </span><span class=\"lsd7 wsd7\">2<span class=\"_ _1\"></span>2<span class=\"_ _1\"></span>,4<span class=\"_ _1\"></span>5<span class=\"_ _2\"></span>3<span class=\"_ _1\"></span>.<span class=\"_ _2\"></span>2<span class=\"_ _89\"> </span></span>22,<span class=\"_ _8\"></span>4<span class=\"_ _6\"></span>72.<span class=\"_ _8\"></span>9<span class=\"_ _383\"> </span>1.<span class=\"_ _6\"></span> <span class=\"_ _41\"> </span>Balance ex<span class=\"_ _6\"></span>cludes prepa<span class=\"_ _6\"></span>yments.<span class=\"_ _383\"> </span>2. <span class=\"_ _149\"> </span>Balance exc<span class=\"_ _6\"></span>ludes defer<span class=\"_ _6\"></span>red income.<span class=\"_ _383\"> </span>The Group has no non-derivativ<span class=\"_ _6\"></span>e \ufb01nancial assets or \ufb01nancial liabilities classi\ufb01ed as held for tr<span class=\"_ _6\"></span>ading.<span class=\"_ _383\"> </span>",
   "dimensions": {
    "concept": "ifrs-full:DisclosureOfFinancialInstrumentsAtFairValueThroughProfitOrLossExplanatory",
    "language": "en",
    "entity": "scheme:213800ZBKL9BHSL2K459",
    "period": "2022-01-01T00:00:00/2023-01-01T00:00:00"
   }
  },
  "fact-585": {
   "value": "<span class=\"_ _383\">46.\u2002Financial instrume</span><span class=\"_ _1\"></span>nts and fair values<span class=\"_ _383\"> </span><span class=\"_ _383\">i.\u2002Financ</span><span class=\"_ _1\"></span>ial as<span class=\"_ _1\"></span>set<span class=\"_ _1\"></span>s and \ufb01n<span class=\"_ _1\"></span>anci<span class=\"_ _1\"></span>al liabi<span class=\"_ _1\"></span>lities<span class=\"_ _383\"> </span>The following t<span class=\"_ _6\"></span>able sets out the classi\ufb01cation of \ufb01nancial ins<span class=\"_ _6\"></span>truments in the Consolidated St<span class=\"_ _6\"></span>atement of Financial Position:<span class=\"_ _383\"> </span>Note<span class=\"_ _383\"> </span>2022<span class=\"_ _383\"> </span>Designated FV<span class=\"_ _1\"></span>TPL<span class=\"_ _383\"> </span>\u00a3m<span class=\"_ _383\"> </span>Mandatorily FV<span class=\"_ _1\"></span>TPL<span class=\"_ _383\"> </span>\u00a3m<span class=\"_ _383\"> </span>F<span class=\"_ _1\"></span>VO<span class=\"_ _1\"></span>C<span class=\"_ _1\"></span>I<span class=\"_ _383\"> </span>\u00a3m<span class=\"_ _383\"> </span>Amortised<span class=\"_ _1\"></span> cost<span class=\"_ _383\"> </span>\u00a3m<span class=\"_ _383\"> </span>T<span class=\"_ _8\"></span>otal carrying<span class=\"_ _1\"></span> amount<span class=\"_ _383\"> </span>\u00a3m<span class=\"_ _383\"> </span>Assets<span class=\"_ _21b\"> </span><span class=\"ff1 ls2 ws2\"> <span class=\"_ _11a\"> </span><span class=\"ff2\"> <span class=\"_ _11a\"> </span> <span class=\"_ _21a\"> </span> <span class=\"_ _11a\"> </span> <span class=\"_ _11a\"> </span> </span></span>Cash in hand<span class=\"_ _2f8\"> </span><span class=\"ls2\"> <span class=\"_ _111\"> </span><span class=\"ff2\">\u2013 <span class=\"_ _3f\"> </span>\u2013 <span class=\"_ _20e\"> </span>\u2013 <span class=\"_ _d0\"> </span><span class=\"ls81 wsdf\">0<span class=\"_ _1\"></span>.4<span class=\"_ _15c\"> </span>0<span class=\"_ _1\"></span>.4<span class=\"_ _383\"> </span></span></span></span>Loans and adv<span class=\"_ _6\"></span>ances to credit institutions<span class=\"_ _19c\"> </span><span class=\"ls14 ws11\">18<span class=\"_ _1cc\"> </span></span><span class=\"ff2 ls2\">\u2013 <span class=\"_ _3f\"> </span>\u2013 <span class=\"_ _20e\"> </span>\u2013 <span class=\"_ _19f\"> </span><span class=\"lsf9 ws82\">3,365.7<span class=\"_ _6c\"> </span>3,365.<span class=\"_ _6\"></span>7<span class=\"_ _383\"> </span></span></span>Inv<span class=\"_ _6\"></span>estment securities<span class=\"_ _c2\"> </span><span class=\"ws6e\">19<span class=\"_ _15c\"> </span><span class=\"ff2\">0.5<span class=\"_ _1cc\"> </span><span class=\"ls2 ws2\">\u2013 <span class=\"_ _98\"> </span><span class=\"ls6f ws75\">149<span class=\"_ _1f6\"></span>.<span class=\"_ _1\"></span>8<span class=\"_ _98\"> </span><span class=\"ls12 wsf\">262.<span class=\"_ _1\"></span>6<span class=\"_ _3e\"> </span><span class=\"lsc5 wsc4\">41<span class=\"_ _1\"></span>2<span class=\"_ _1\"></span>.9<span class=\"_ _383\"> </span></span></span></span></span></span></span>Loans and adv<span class=\"_ _6\"></span>ances to customer<span class=\"_ _6\"></span>s<span class=\"_ _16d\"> </span><span class=\"ls14 ws11\">20<span class=\"_ _254\"> </span></span><span class=\"ff2 ws6e\">14.6<span class=\"_ _1cc\"> </span><span class=\"ls2 ws2\">\u2013 <span class=\"_ _3f\"> </span>\u2013 <span class=\"_ _b3\"> </span><span class=\"lscd wsce\">2<span class=\"_ _1\"></span>3,598<span class=\"_ _1\"></span>.<span class=\"_ _6\"></span>1<span class=\"_ _67\"> </span><span class=\"ls33 ws30\">2<span class=\"_ _1\"></span>3<span class=\"_ _1\"></span>,61<span class=\"_ _1\"></span>2<span class=\"_ _1\"></span>.<span class=\"_ _1\"></span>7<span class=\"_ _383\"> </span></span></span></span></span>Derivative asset<span class=\"_ _6\"></span>s<span class=\"_ _7b\"> </span><span class=\"ls14 ws11\">25<span class=\"_ _116\"> </span></span><span class=\"ff2 ls2\">\u2013 <span class=\"_ _8c\"> </span><span class=\"ls1f ws1c\">888.<span class=\"_ _8\"></span>1<span class=\"_ _1cc\"> </span><span class=\"ls2 ws2\">\u2013 <span class=\"_ _3f\"> </span>\u2013 <span class=\"_ _70\"> </span></span>888.<span class=\"_ _6\"></span>1<span class=\"_ _383\"> </span></span></span>Other assets<span class=\"_ _383\"> </span>1<span class=\"_ _383\"> </span>27<span class=\"_ _1cc\"> </span><span class=\"ff2 ls2 ws2\">\u2013 <span class=\"_ _3f\"> </span>\u2013 <span class=\"_ _20e\"> </span>\u2013 <span class=\"_ _63\"> </span><span class=\"ls14 ws11\">1.8<span class=\"_ _8b\"> </span>1.8</span></span> <span class=\"_ _253\"> </span> <span class=\"_ _15c\"> </span><span class=\"ff2 lsc3 wsc2\">1<span class=\"_ _1\"></span>5<span class=\"_ _2\"></span>.1<span class=\"_ _5a\"> </span><span class=\"ls1f ws1c\">888.1<span class=\"_ _5a\"> </span><span class=\"ls6f ws75\">149<span class=\"_ _8\"></span>.<span class=\"_ _1\"></span>8<span class=\"_ _a2\"> </span><span class=\"lse4 wse9\">2<span class=\"_ _0\"></span>7,<span class=\"_ _0\"> </span>2<span class=\"_ _0\"></span>2<span class=\"_ _0\"></span>8<span class=\"_ _0\"></span>.<span class=\"_ _0\"></span>6<span class=\"_ _1fe\"> </span><span class=\"ls14 ws11\">2<span class=\"_ _1\"></span>8,<span class=\"_ _1\"></span>281.6<span class=\"_ _383\"> </span></span></span></span></span></span>Liabilities<span class=\"_ _ad\"> </span><span class=\"ff1 ls2 ws2\"> <span class=\"_ _11a\"> </span><span class=\"ff2\"> <span class=\"_ _11a\"> </span> <span class=\"_ _11a\"> </span> <span class=\"_ _11a\"> </span> <span class=\"_ _11a\"> </span> </span></span>Amounts o<span class=\"_ _6\"></span>wed to r<span class=\"_ _6\"></span>etail depositor<span class=\"_ _6\"></span>s<span class=\"_ _330\"> </span><span class=\"ls7d wse2\">32<span class=\"_ _1cc\"> </span></span><span class=\"ff2 ls2\">\u2013 <span class=\"_ _20e\"> </span>\u2013 <span class=\"_ _3f\"> </span>\u2013 <span class=\"_ _fc\"> </span><span class=\"lsd3 ws86\">19<span class=\"_ _8\"></span>,755.8<span class=\"_ _fd\"> </span>19<span class=\"_ _8\"></span>,755.8<span class=\"_ _383\"> </span></span></span>Amounts o<span class=\"_ _6\"></span>wed to cr<span class=\"_ _6\"></span>edit institutions<span class=\"_ _331\"> </span><span class=\"ls7d wse2\">31<span class=\"_ _1cc\"> </span></span><span class=\"ff2 ls2\">\u2013 <span class=\"_ _3f\"> </span>\u2013 <span class=\"_ _20e\"> </span>\u2013 <span class=\"_ _aa\"> </span><span class=\"lsc5 wsc4\">5<span class=\"_ _1\"></span>,<span class=\"_ _2\"></span>0<span class=\"_ _1\"></span>9<span class=\"_ _1\"></span>2<span class=\"_ _2\"></span>.9<span class=\"_ _66\"> </span>5<span class=\"_ _1\"></span>,<span class=\"_ _1\"></span>0<span class=\"_ _2\"></span>9<span class=\"_ _1\"></span>2<span class=\"_ _1\"></span>.9<span class=\"_ _383\"> </span></span></span>Amounts o<span class=\"_ _6\"></span>wed to o<span class=\"_ _6\"></span>ther customer<span class=\"_ _6\"></span>s<span class=\"_ _330\"> </span><span class=\"ls73 ws7a\">33<span class=\"_ _116\"> </span></span><span class=\"ff2 ls2\">\u2013 <span class=\"_ _3f\"> </span>\u2013 <span class=\"_ _20e\"> </span>\u2013 <span class=\"_ _3d\"> </span><span class=\"lsc3 wsc2\">1<span class=\"_ _1\"></span>1<span class=\"_ _1\"></span>3<span class=\"_ _2\"></span>.1<span class=\"_ _9d\"> </span>11<span class=\"_ _2\"></span>3<span class=\"_ _1\"></span>.1<span class=\"_ _383\"> </span></span></span>Debt securities in issue<span class=\"_ _d4\"> </span><span class=\"ls2c ws29\">34<span class=\"_ _1cc\"> </span></span><span class=\"ff2 ls2\">\u2013 <span class=\"_ _20e\"> </span>\u2013 <span class=\"_ _3f\"> </span>\u2013 <span class=\"_ _122\"> </span><span class=\"lsc5 wsc4\">2<span class=\"_ _1\"></span>6<span class=\"_ _1\"></span>5<span class=\"_ _2\"></span>.9<span class=\"_ _50\"> </span>26<span class=\"_ _2\"></span>5<span class=\"_ _1\"></span>.9<span class=\"_ _383\"> </span></span></span>Derivative liabilities<span class=\"_ _c5\"> </span><span class=\"ls14 ws11\">25<span class=\"_ _1cc\"> </span></span><span class=\"ff2 ls2\">\u2013 <span class=\"_ _70\"> </span>106.6<span class=\"_ _1cc\"> </span>\u2013 <span class=\"_ _3f\"> </span>\u2013 <span class=\"_ _83\"> </span>106.6<span class=\"_ _383\"> </span></span>Other liabilities<span class=\"_ _383\"> </span>2<span class=\"_ _383\"> </span>36<span class=\"_ _1cc\"> </span><span class=\"ff2 ls2 ws2\">\u2013 <span class=\"_ _20e\"> </span>\u2013 <span class=\"_ _3f\"> </span>\u2013 <span class=\"_ _2ab\"> </span><span class=\"lsc3 wsc2\">3<span class=\"_ _2\"></span>8<span class=\"_ _2\"></span>.1<span class=\"_ _4f\"> </span>3<span class=\"_ _2\"></span>8<span class=\"_ _1\"></span>.1<span class=\"_ _383\"> </span></span></span>Subordinated liabilities<span class=\"_ _27\"> </span><span class=\"ls2\">39<span class=\"_ _1cc\"> </span><span class=\"ff2\">\u2013 <span class=\"_ _3f\"> </span>\u2013 <span class=\"_ _20e\"> </span>\u2013 <span class=\"_ _3f\"> </span>\u2013 <span class=\"_ _20e\"> </span>\u2013 </span></span>PSBs<span class=\"_ _332\"> </span><span class=\"ls1f ws1c\">40<span class=\"_ _1cc\"> </span><span class=\"ff2 ls2 ws2\">\u2013 <span class=\"_ _20e\"> </span>\u2013 <span class=\"_ _3f\"> </span>\u2013 <span class=\"_ _5c\"> </span><span class=\"lscd wsce\">15.<span class=\"_ _1\"></span>2<span class=\"_ _55\"> </span>15.2</span></span></span> <span class=\"_ _253\"> </span> <span class=\"_ _111\"> </span><span class=\"ff2\">\u2013 <span class=\"_ _70\"> </span>106.6<span class=\"_ _1cc\"> </span>\u2013 <span class=\"_ _b5\"> </span><span class=\"ls14 ws11\">25,<span class=\"_ _1\"></span>281.0<span class=\"_ _ff\"> </span><span class=\"lsff ws91\">25,387<span class=\"_ _1f6\"></span>.6<span class=\"_ _383\"> </span></span></span></span>1.<span class=\"_ _6\"></span> <span class=\"_ _41\"> </span>Balance ex<span class=\"_ _6\"></span>cludes prepa<span class=\"_ _6\"></span>yments.<span class=\"_ _383\"> </span>2. <span class=\"_ _149\"> </span>Balance exc<span class=\"_ _6\"></span>ludes defer<span class=\"_ _6\"></span>red income<span class=\"_ _383\"> </span><span class=\"_ _383\">i.\u2002Financ</span><span class=\"_ _1\"></span>ial as<span class=\"_ _1\"></span>set<span class=\"_ _1\"></span>s and \ufb01n<span class=\"_ _1\"></span>anci<span class=\"_ _1\"></span>al liabi<span class=\"_ _1\"></span>lities<span class=\"ff5 lsd4 ws46\"> c<span class=\"_ _1\"></span>ontinue<span class=\"_ _1\"></span>d<span class=\"_ _383\"> </span></span>Note<span class=\"_ _383\"> </span>2021<span class=\"_ _383\"> </span>Designated FV<span class=\"_ _1\"></span>TPL<span class=\"_ _383\"> </span>\u00a3m<span class=\"_ _383\"> </span>Mandatorily FV<span class=\"_ _1\"></span>TPL<span class=\"_ _383\"> </span>\u00a3m<span class=\"_ _383\"> </span>FVOCI<span class=\"_ _383\"> </span>\u00a3m<span class=\"_ _383\"> </span>Amortised cost<span class=\"_ _383\"> </span>\u00a3m<span class=\"_ _383\"> </span>T<span class=\"_ _8\"></span>otal carrying amount<span class=\"_ _383\"> </span>\u00a3m<span class=\"_ _383\"> </span>Assets<span class=\"_ _21b\"> </span><span class=\"ff1 ls2 ws2\"> <span class=\"_ _21a\"> </span> </span>Cash in hand<span class=\"_ _2f8\"> </span><span class=\"ls2\"> <span class=\"_ _333\"> </span>\u2013 <span class=\"_ _3f\"> </span>\u2013 <span class=\"_ _20e\"> </span>\u2013 <span class=\"_ _1b4\"> </span><span class=\"ls9f wsbc\">0.5<span class=\"_ _15e\"> </span>0.5<span class=\"_ _383\"> </span></span></span>Loans and adv<span class=\"_ _6\"></span>ances to credit institutions<span class=\"_ _19c\"> </span><span class=\"ls14 ws11\">18<span class=\"_ _1cc\"> </span></span><span class=\"ls2\">\u2013 <span class=\"_ _3f\"> </span>\u2013 <span class=\"_ _3f\"> </span>\u2013 <span class=\"_ _a5\"> </span><span class=\"ls2c ws29\">2,843.6<span class=\"_ _6e\"> </span>2,843.6<span class=\"_ _383\"> </span></span></span>Inv<span class=\"_ _6\"></span>estment securities<span class=\"_ _c2\"> </span><span class=\"ws6e\">19<span class=\"_ _8b\"> </span><span class=\"ls9f wsbc\">0.7<span class=\"_ _d9\"> </span></span></span><span class=\"ls2\">\u2013 <span class=\"_ _3e\"> </span><span class=\"lsc8 wsc8\">1<span class=\"_ _0\"></span>6<span class=\"_ _2\"></span>7.<span class=\"_ _0\"></span>6<span class=\"_ _5c\"> </span><span class=\"lsed wsf2\">3<span class=\"_ _2\"></span>2<span class=\"_ _1\"></span>3<span class=\"_ _1\"></span>.1<span class=\"_ _5c\"> </span><span class=\"lsd7 wsd7\">49<span class=\"_ _2\"></span>1<span class=\"_ _1\"></span>.4<span class=\"_ _383\"> </span></span></span></span></span>Loans and adv<span class=\"_ _6\"></span>ances to customer<span class=\"_ _6\"></span>s<span class=\"_ _16d\"> </span><span class=\"ls14 ws11\">20<span class=\"_ _1c2\"> </span><span class=\"lsc8 wsc8\">1<span class=\"_ _2\"></span>7.<span class=\"_ _0\"></span>7<span class=\"_ _35\"> </span></span></span><span class=\"ls2\">\u2013 <span class=\"_ _3f\"> </span>\u2013 <span class=\"_ _1fe\"> </span><span class=\"lsc9 wsc9\">21<span class=\"_ _1\"></span>,062.<span class=\"_ _1\"></span>6<span class=\"_ _19f\"> </span><span class=\"ls9f wsbc\">21,08<span class=\"_ _1\"></span>0.3<span class=\"_ _383\"> </span></span></span></span>Derivative asset<span class=\"_ _6\"></span>s<span class=\"_ _7b\"> </span><span class=\"ls14 ws11\">25<span class=\"_ _1cc\"> </span></span><span class=\"ls2\">\u2013 <span class=\"_ _a9\"> </span><span class=\"ls14 ws11\">185.7<span class=\"_ _d9\"> </span></span>\u2013 <span class=\"_ _20e\"> </span>\u2013 <span class=\"_ _a9\"> </span><span class=\"ls14 ws11\">18<span class=\"_ _1\"></span>5.7<span class=\"_ _383\"> </span></span></span>Other assets1<span class=\"_ _383\"> </span>27<span class=\"_ _1cc\"> </span><span class=\"ls2 ws2\">\u2013 <span class=\"_ _3f\"> </span>\u2013 <span class=\"_ _3f\"> </span>\u2013 <span class=\"_ _57\"> </span><span class=\"ls86 wsf1\">0<span class=\"_ _1\"></span>.9<span class=\"_ _8b\"> </span>0<span class=\"_ _2\"></span>.9</span></span> <span class=\"_ _253\"> </span> <span class=\"_ _1c2\"> </span><span class=\"lsd7 wsd7\">1<span class=\"_ _1\"></span>8<span class=\"_ _2\"></span>.4<span class=\"_ _e8\"> </span><span class=\"ls14 ws11\">185.7<span class=\"_ _93\"> </span><span class=\"lsc8 wsc8\">1<span class=\"_ _2\"></span>6<span class=\"_ _2\"></span>7.<span class=\"_ _0\"></span>6<span class=\"_ _19f\"> </span><span class=\"ls88 wse3\">24,<span class=\"_ _2\"></span>23<span class=\"_ _1\"></span>0.<span class=\"_ _1\"></span>7<span class=\"_ _a6\"> </span></span></span></span></span>24,602.<span class=\"_ _8\"></span>4<span class=\"_ _383\"> </span>Liabilities<span class=\"_ _ad\"> </span><span class=\"ff1 ls2 ws2\"> <span class=\"_ _11a\"> </span> </span>Amounts o<span class=\"_ _6\"></span>wed to r<span class=\"_ _6\"></span>etail depositor<span class=\"_ _6\"></span>s<span class=\"_ _330\"> </span><span class=\"ls7d wse2\">32<span class=\"_ _1cc\"> </span></span><span class=\"ls2\">\u2013 <span class=\"_ _3f\"> </span>\u2013 <span class=\"_ _3f\"> </span>\u2013 <span class=\"_ _19f\"> </span><span class=\"lsc8 wsc8\">1<span class=\"_ _2\"></span>7,<span class=\"_ _0\"></span>5<span class=\"_ _0\"></span>2<span class=\"_ _0\"></span>6<span class=\"_ _0\"></span>.<span class=\"_ _1\"></span>4<span class=\"_ _121\"> </span>1<span class=\"_ _2\"></span>7,<span class=\"_ _0\"></span>5<span class=\"_ _0\"></span>2<span class=\"_ _2\"></span>6<span class=\"_ _0\"> </span>.<span class=\"_ _2\"></span>4<span class=\"_ _383\"> </span></span></span>Amounts o<span class=\"_ _6\"></span>wed to cr<span class=\"_ _6\"></span>edit institutions<span class=\"_ _331\"> </span><span class=\"ls7d wse2\">31<span class=\"_ _1cc\"> </span></span><span class=\"ls2\">\u2013 <span class=\"_ _3f\"> </span>\u2013 <span class=\"_ _3f\"> </span>\u2013 <span class=\"_ _6b\"> </span><span class=\"lsf8 wsfd\">4<span class=\"_ _1\"></span>,<span class=\"_ _2\"></span>3<span class=\"_ _2\"></span>1<span class=\"_ _2\"></span>9.<span class=\"_ _2\"></span>6<span class=\"_ _7f\"> </span>4<span class=\"_ _2\"></span>,<span class=\"_ _2\"></span>3<span class=\"_ _2\"></span>1<span class=\"_ _1\"></span>9.<span class=\"_ _2\"></span>6<span class=\"_ _383\"> </span></span></span>Amounts o<span class=\"_ _6\"></span>wed to o<span class=\"_ _6\"></span>ther customer<span class=\"_ _6\"></span>s<span class=\"_ _330\"> </span><span class=\"ls73 ws7a\">33<span class=\"_ _116\"> </span></span><span class=\"ls2\">\u2013 <span class=\"_ _3f\"> </span>\u2013 <span class=\"_ _3f\"> </span>\u2013 <span class=\"_ _5c\"> </span><span class=\"ls14 ws11\">92.6<span class=\"_ _55\"> </span>92.6<span class=\"_ _383\"> </span></span></span>Debt securities in issue<span class=\"_ _d4\"> </span><span class=\"ls2c ws29\">34<span class=\"_ _1cc\"> </span></span><span class=\"ls2\">\u2013 <span class=\"_ _3f\"> </span>\u2013 <span class=\"_ _20e\"> </span>\u2013 <span class=\"_ _70\"> </span><span class=\"ls9f wsbc\">460.3<span class=\"_ _a9\"> </span>46<span class=\"_ _1\"></span>0.3<span class=\"_ _383\"> </span></span></span>Derivative liabilities<span class=\"_ _c5\"> </span><span class=\"ls14 ws11\">25<span class=\"_ _1cc\"> </span></span><span class=\"ls2\">\u2013 <span class=\"_ _4f\"> </span><span class=\"lsf8 wsfd\">1<span class=\"_ _2\"></span>9.<span class=\"_ _2\"></span>7<span class=\"_ _d9\"> </span></span>\u2013 <span class=\"_ _3f\"> </span>\u2013 <span class=\"_ _254\"> </span><span class=\"lsf8 wsfd\">1<span class=\"_ _2\"></span>9.<span class=\"_ _2\"></span>7<span class=\"_ _383\"> </span></span></span>Other liabilities2<span class=\"_ _383\"> </span>36<span class=\"_ _1cc\"> </span><span class=\"ls2 ws2\">\u2013 <span class=\"_ _3f\"> </span>\u2013 <span class=\"_ _20e\"> </span>\u2013 <span class=\"_ _5c\"> </span><span class=\"ls54 ws55\">28.8<span class=\"_ _55\"> </span>28.8<span class=\"_ _383\"> </span></span></span>Subordinated liabilities<span class=\"_ _27\"> </span><span class=\"ls2\">39<span class=\"_ _1cc\"> </span>\u2013 <span class=\"_ _3f\"> </span>\u2013 <span class=\"_ _3f\"> </span>\u2013 <span class=\"_ _93\"> </span><span class=\"ls9f wsbc\">10.<span class=\"_ _1\"></span>3<span class=\"_ _61\"> </span>10.3<span class=\"_ _383\"> </span></span></span>PSBs<span class=\"_ _332\"> </span><span class=\"ls1f ws1c\">40<span class=\"_ _1cc\"> </span><span class=\"ls2 ws2\">\u2013 <span class=\"_ _3f\"> </span>\u2013 <span class=\"_ _20e\"> </span>\u2013 <span class=\"_ _96\"> </span><span class=\"ls9f wsbc\">15.2<span class=\"_ _61\"> </span>15.<span class=\"_ _1\"></span>2</span></span></span> <span class=\"_ _253\"> </span> <span class=\"_ _111\"> </span>\u2013 <span class=\"_ _4f\"> </span><span class=\"lsf8 wsfd\">1<span class=\"_ _2\"></span>9.<span class=\"_ _2\"></span>7<span class=\"_ _d9\"> </span></span>\u2013 <span class=\"_ _a2\"> </span><span class=\"lsd7 wsd7\">2<span class=\"_ _1\"></span>2<span class=\"_ _1\"></span>,4<span class=\"_ _1\"></span>5<span class=\"_ _2\"></span>3<span class=\"_ _1\"></span>.<span class=\"_ _2\"></span>2<span class=\"_ _89\"> </span></span>22,<span class=\"_ _8\"></span>4<span class=\"_ _6\"></span>72.<span class=\"_ _8\"></span>9<span class=\"_ _383\"> </span>1.<span class=\"_ _6\"></span> <span class=\"_ _41\"> </span>Balance ex<span class=\"_ _6\"></span>cludes prepa<span class=\"_ _6\"></span>yments.<span class=\"_ _383\"> </span>2. <span class=\"_ _149\"> </span>Balance exc<span class=\"_ _6\"></span>ludes defer<span class=\"_ _6\"></span>red income.<span class=\"_ _383\"> </span>The Group has no non-derivativ<span class=\"_ _6\"></span>e \ufb01nancial assets or \ufb01nancial liabilities classi\ufb01ed as held for tr<span class=\"_ _6\"></span>ading.<span class=\"_ _383\"> </span>",
   "dimensions": {
    "concept": "ifrs-full:DisclosureOfFinancialInstrumentsDesignatedAtFairValueThroughProfitOrLossExplanatory",
    "language": "en",
    "entity": "scheme:213800ZBKL9BHSL2K459",
    "period": "2022-01-01T00:00:00/2023-01-01T00:00:00"
   }
  },
  "fact-540": {
   "value": "47<span class=\"_ _9\"></span><span class=\"_ _383\">.\u2002P</span><span class=\"_ _1\"></span>ensi<span class=\"_ _1\"></span>on sc<span class=\"_ _1\"></span>hem<span class=\"_ _1\"></span>e<span class=\"_ _383\"> </span>De\ufb01<span class=\"_ _1\"></span>ne<span class=\"_ _1\"></span>d cont<span class=\"_ _1\"></span>ributi<span class=\"_ _1\"></span>on sc<span class=\"_ _1\"></span>hem<span class=\"_ _1\"></span>e<span class=\"_ _383\"> </span>The amount char<span class=\"_ _6\"></span>ged to pro\ufb01t or loss in r<span class=\"_ _6\"></span>espect of contributions to the Gr<span class=\"_ _6\"></span>oup<span class=\"_ _6\"></span>\u2019<span class=\"_ _8\"></span>s de\ufb01ned contribution and stak<span class=\"_ _8\"></span>eholder pension arrangemen<span class=\"_ _6\"></span>ts is the contribution payable in the period. The total pension cos<span class=\"_ _6\"></span>t in the year amounted to \u00a34<span class=\"_ _8\"></span>.<span class=\"_ _8\"></span>4m (2021: \u00a35<span class=\"_ _6\"></span>.2m).<span class=\"_ _383\"> </span>",
   "dimensions": {
    "concept": "ifrs-full:DisclosureOfDefinedContributionPlansExplanatory",
    "language": "en",
    "entity": "scheme:213800ZBKL9BHSL2K459",
    "period": "2022-01-01T00:00:00/2023-01-01T00:00:00"
   }
  },
  "fact-600": {
   "value": "<span class=\"_ _383\">48.\u2002Op</span><span class=\"_ _1\"></span>er<span class=\"_ _1\"></span>ating s<span class=\"_ _1\"></span>egm<span class=\"_ _1\"></span>ent<span class=\"_ _1\"></span>s<span class=\"_ _383\"> </span>The Group segment<span class=\"_ _6\"></span>s its lending business and operates under tw<span class=\"_ _8\"></span>o segments in line with internal reporting to the Board: \u2022 <span class=\"_ _124\"> </span><span class=\"ls68 ws6f\">OS<span class=\"_ _1\"></span>B<span class=\"_ _383\"> </span></span>\u2022 <span class=\"_ _124\"> </span>CCFS<span class=\"_ _383\"> </span>The Group separ<span class=\"_ _6\"></span>ately discloses the impact of Combination accounting but does not consider this a business segment.<span class=\"_ _383\"> </span>The \ufb01nancial position and results of oper<span class=\"_ _8\"></span>ations of the above segmen<span class=\"_ _6\"></span>ts are summarised belo<span class=\"_ _6\"></span>w:<span class=\"_ _383\"> </span>2022<span class=\"_ _383\"> </span>OSB<span class=\"_ _383\"> </span>\u00a3m<span class=\"_ _383\"> </span>CCFS<span class=\"_ _383\"> </span>\u00a3m<span class=\"_ _383\"> </span>Combination<span class=\"_ _383\"> </span>\u00a3m<span class=\"_ _383\"> </span>To<span class=\"_ _1\"></span>t<span class=\"_ _2\"></span>a<span class=\"_ _1\"></span>l<span class=\"_ _383\"> </span>\u00a3m<span class=\"_ _383\"> </span>Balances at the repor<span class=\"_ _1\"></span>ting date<span class=\"_ _33e\"> </span><span class=\"ls2\"> <span class=\"_ _11a\"> </span> <span class=\"_ _11a\"> </span> <span class=\"_ _21a\"> </span> </span>Gross loans and advances to cus<span class=\"_ _6\"></span>tomers<span class=\"_ _335\"> </span><span class=\"ff2 ls14 ws11\">13<span class=\"_ _1\"></span>,<span class=\"_ _1\"></span>244.7<span class=\"_ _19f\"> </span><span class=\"lse0 wse0\">10<span class=\"_ _1\"></span>,416<span class=\"_ _2\"></span>.<span class=\"_ _1\"></span>3<span class=\"_ _4f\"> </span></span>81.7<span class=\"_ _a2\"> </span><span class=\"lscc wscd\">23<span class=\"_ _1\"></span>,<span class=\"_ _1\"></span>742<span class=\"_ _1\"></span>.<span class=\"_ _1\"></span>7<span class=\"_ _383\"> </span></span></span>Expected credit losses<span class=\"_ _26f\"> </span><span class=\"ff2 lsc9 wsc9\">(103.<span class=\"_ _1\"></span>2)<span class=\"_ _70\"> </span><span class=\"ls1c wsb5\">(28<span class=\"_ _1\"></span>.0)<span class=\"_ _57\"> </span><span class=\"ls14 ws11\">1.2<span class=\"_ _74\"> </span><span class=\"lscb wscb\">(13<span class=\"_ _1\"></span>0.0)<span class=\"_ _383\"> </span></span></span></span></span>Loans and adv<span class=\"_ _6\"></span>ances to customer<span class=\"_ _6\"></span>s<span class=\"_ _272\"> </span><span class=\"ff2 ls14 ws11\">13,14<span class=\"_ _6\"></span>1.5<span class=\"_ _ff\"> </span><span class=\"ls1f ws1c\">10<span class=\"_ _6\"></span>,388.3<span class=\"_ _93\"> </span><span class=\"lsc5 wsc4\">8<span class=\"_ _2\"></span>2<span class=\"_ _1\"></span>.9<span class=\"_ _a6\"> </span><span class=\"ls33 ws30\">23<span class=\"_ _1\"></span>,<span class=\"_ _1\"></span>612<span class=\"_ _1\"></span>.<span class=\"_ _1\"></span>7<span class=\"_ _383\"> </span></span></span></span></span>Capital expenditur<span class=\"_ _6\"></span>e<span class=\"_ _32c\"> </span><span class=\"ff2 lsc4 wsc3\">7.<span class=\"_ _0\"> </span>6<span class=\"_ _e5\"> </span><span class=\"ls11 ws6e\">0.7<span class=\"_ _1cc\"> </span><span class=\"ls2 ws2\">\u2013 <span class=\"_ _d0\"> </span><span class=\"ls1f ws1c\">8.3<span class=\"_ _383\"> </span></span></span></span></span>Depreciation and amortisation<span class=\"_ _15d\"> </span><span class=\"ff2 ls2\">6.<span class=\"_ _1\"></span>2<span class=\"_ _15c\"> </span><span class=\"ls81 wsdf\">3<span class=\"_ _1\"></span>.4<span class=\"_ _15c\"> </span><span class=\"lsd3 ws86\">3.8<span class=\"_ _254\"> </span></span>1<span class=\"_ _1\"></span>3<span class=\"_ _1\"></span>.4<span class=\"_ _383\"> </span></span></span>Pro\ufb01t or loss for the year<span class=\"_ _33f\"> </span><span class=\"ls2\"> <span class=\"_ _11a\"> </span> <span class=\"_ _11a\"> </span> <span class=\"_ _21a\"> </span> </span>Net interest income/(e<span class=\"_ _8\"></span>xp<span class=\"_ _1\"></span>ense)<span class=\"_ _2b1\"> </span><span class=\"ws6e\">460.7<span class=\"_ _8c\"> </span><span class=\"ls2c ws29\">308.4<span class=\"_ _3e\"> </span><span class=\"lsc6 wsc5\">(<span class=\"_ _2\"></span>5<span class=\"_ _2\"></span>9.<span class=\"_ _2\"></span>2<span class=\"_ _1\"></span>)<span class=\"_ _83\"> </span>7<span class=\"_ _1\"></span>0<span class=\"_ _2\"></span>9.<span class=\"_ _1\"></span>9<span class=\"_ _383\"> </span></span></span></span>Other income<span class=\"_ _340\"> </span><span class=\"lsc5 wsc4\">8<span class=\"_ _1\"></span>.9<span class=\"_ _93\"> </span></span><span class=\"ls2\">4<span class=\"_ _1\"></span>6.2<span class=\"_ _55\"> </span><span class=\"ls81 wsdf\">1<span class=\"_ _1\"></span>0<span class=\"_ _1\"></span>.4<span class=\"_ _93\"> </span><span class=\"lse3 wse7\">65<span class=\"_ _1\"></span>.5<span class=\"_ _383\"> </span></span></span></span>T<span class=\"_ _8\"></span>otal income/(expense<span class=\"_ _6\"></span>)<span class=\"_ _341\"> </span><span class=\"lsc6 wsc5\">4<span class=\"_ _2\"></span>6<span class=\"_ _1\"></span>9.<span class=\"_ _2\"></span>6<span class=\"_ _86\"> </span><span class=\"ls1f ws1c\">354.6<span class=\"_ _5a\"> </span><span class=\"ls7f wse1\">(<span class=\"_ _1\"></span>48<span class=\"_ _1\"></span>.8)<span class=\"_ _94\"> </span><span class=\"ls81 wsdf\">7<span class=\"_ _1\"></span>7<span class=\"_ _1\"></span>5<span class=\"_ _1\"></span>.4<span class=\"_ _383\"> </span></span></span></span></span>Impairment of \ufb01nancial asset<span class=\"_ _6\"></span>s<span class=\"_ _161\"> </span><span class=\"ff2 ls1c wsb5\">(2<span class=\"_ _1\"></span>2<span class=\"_ _1\"></span>.3<span class=\"_ _1\"></span>)<span class=\"_ _59\"> </span><span class=\"lsa wse4\">(<span class=\"_ _1\"></span>8<span class=\"_ _1\"></span>.4)<span class=\"_ _61\"> </span><span class=\"lsc5 wsc4\">0<span class=\"_ _1\"></span>.9<span class=\"_ _3b\"> </span><span class=\"lsc6 wsc5\">(<span class=\"_ _1\"></span>2<span class=\"_ _2\"></span>9.<span class=\"_ _2\"></span>8<span class=\"_ _1\"></span>)<span class=\"_ _383\"> </span></span></span></span></span>Contribution to pro\ufb01t<span class=\"_ _342\"> </span><span class=\"lsc4 wsc3\">4<span class=\"_ _2\"></span>4<span class=\"_ _2\"></span>7.<span class=\"_ _0\"> </span>3<span class=\"_ _86\"> </span></span><span class=\"ls2\">346.<span class=\"_ _1\"></span>2<span class=\"_ _5c\"> </span><span class=\"lsc4 wsc3\">(<span class=\"_ _2\"></span>4<span class=\"_ _2\"></span>7.<span class=\"_ _2\"></span>9<span class=\"_ _2\"></span>)<span class=\"_ _122\"> </span><span class=\"ls14 ws11\">745.6<span class=\"_ _383\"> </span></span></span></span>Administr<span class=\"_ _6\"></span>ative e<span class=\"_ _6\"></span>xpenses<span class=\"_ _141\"> </span><span class=\"ff2 lsc5 wsc4\">(<span class=\"_ _1\"></span>1<span class=\"_ _1\"></span>3<span class=\"_ _2\"></span>0<span class=\"_ _1\"></span>.9<span class=\"_ _1\"></span>)<span class=\"_ _5a\"> </span><span class=\"lsc3 wsc2\">(<span class=\"_ _2\"></span>7<span class=\"_ _1\"></span>3<span class=\"_ _2\"></span>.1<span class=\"_ _1\"></span>)<span class=\"_ _59\"> </span><span class=\"ls7f wse1\">(3<span class=\"_ _1\"></span>.<span class=\"_ _1\"></span>8)<span class=\"_ _40\"> </span><span class=\"lsc4 wsc3\">(<span class=\"_ _2\"></span>2<span class=\"_ _0\"> </span>0<span class=\"_ _0\"></span>7.<span class=\"_ _0\"></span>8<span class=\"_ _2\"></span>)<span class=\"_ _383\"> </span></span></span></span></span>Pro<span class=\"_ _6\"></span>visions <span class=\"_ _1f3\"> </span><span class=\"ff2 ls14 ws11\">1.6<span class=\"_ _1cc\"> </span><span class=\"ls2 ws2\">\u2013 <span class=\"_ _23f\"> </span><span class=\"ws1c\"> \u2013 <span class=\"_ _1c2\"> </span></span></span>1.6<span class=\"_ _383\"> </span></span>Integr<span class=\"_ _6\"></span>ation costs<span class=\"_ _25d\"> </span><span class=\"ff2 lsa wse4\">(6.<span class=\"_ _2\"></span>8)<span class=\"_ _d0\"> </span><span class=\"lsc3 wsc2\">(<span class=\"_ _1\"></span>1<span class=\"_ _1\"></span>.1<span class=\"_ _2\"></span>)<span class=\"_ _1da\"> </span><span class=\"ls2 ws2\">\u2013 <span class=\"_ _254\"> </span><span class=\"lsc4 wsc3\">(<span class=\"_ _3\"> </span>7.<span class=\"_ _1\"></span>9<span class=\"_ _0\"></span>)<span class=\"_ _383\"> </span></span></span></span></span>Pro\ufb01t/(loss) before taxation<span class=\"_ _81\"> </span><span class=\"ls14 ws11\">311.2<span class=\"_ _98\"> </span><span class=\"ls33 ws30\">2<span class=\"_ _1\"></span>72<span class=\"_ _1\"></span>.0<span class=\"_ _5c\"> </span><span class=\"ls1e ws43\">(51.<span class=\"_ _1\"></span>7<span class=\"_ _1\"></span>)<span class=\"_ _83\"> </span></span></span>531.5<span class=\"_ _383\"> </span></span>T<span class=\"_ _8\"></span>axation<span class=\"_ _383\"> </span>1<span class=\"_ _383\"> </span>(<span class=\"_ _2\"></span>70<span class=\"_ _1\"></span>.1<span class=\"_ _2\"></span>)<span class=\"_ _8c\"> </span><span class=\"lse5 wsea\">(<span class=\"_ _1\"></span>70.<span class=\"_ _2\"></span>2)<span class=\"_ _e8\"> </span><span class=\"ls14 ws11\">18.8<span class=\"_ _98\"> </span><span class=\"ls6f ws75\">(121.5)<span class=\"_ _383\"> </span></span></span></span>Pro\ufb01t/(loss) for the year<span class=\"_ _341\"> </span><span class=\"lsc3 wsc2\">2<span class=\"_ _1\"></span>41<span class=\"_ _1\"></span>.1<span class=\"_ _2\"></span> <span class=\"_ _83\"> </span></span><span class=\"ls2\">201.8 <span class=\"_ _50\"> </span><span class=\"lsc5 wsc4\">(3<span class=\"_ _1\"></span>2<span class=\"_ _2\"></span>.9)<span class=\"_ _83\"> </span><span class=\"lse0 wse0\">41<span class=\"_ _1\"></span>0.<span class=\"_ _1\"></span>0<span class=\"_ _383\"> </span></span></span></span>1. <span class=\"_ _41\"> </span> <span class=\"_ _23\"></span>T<span class=\"_ _1\"></span>h<span class=\"_ _1\"></span>e taxa<span class=\"_ _1\"></span>tio<span class=\"_ _1\"></span>n on C<span class=\"_ _1\"></span>om<span class=\"_ _1\"></span>bin<span class=\"_ _1\"></span>at<span class=\"_ _1\"></span>ion c<span class=\"_ _1\"></span>re<span class=\"_ _1\"></span>di<span class=\"_ _1\"></span>t in<span class=\"_ _1\"></span>clu<span class=\"_ _1\"></span>de<span class=\"_ _1\"></span>s re<span class=\"_ _1\"></span>le<span class=\"_ _1\"></span>a<span class=\"_ _1\"></span>se o<span class=\"_ _1\"></span>f def<span class=\"_ _1\"></span>er<span class=\"_ _1\"></span>re<span class=\"_ _1\"></span>d tax<span class=\"_ _1\"></span>ati<span class=\"_ _1\"></span>on o<span class=\"_ _1\"></span>n CCFS C<span class=\"_ _1\"></span>om<span class=\"_ _1\"></span>bi<span class=\"_ _1\"></span>nat<span class=\"_ _1\"></span>io<span class=\"_ _1\"></span>n re<span class=\"_ _1\"></span>lat<span class=\"_ _1\"></span>in<span class=\"_ _1\"></span>g to the u<span class=\"_ _1\"></span>nw<span class=\"_ _1\"></span>ind o<span class=\"_ _1\"></span>f the d<span class=\"_ _1\"></span>ef<span class=\"_ _1\"></span>er<span class=\"_ _1\"></span>re<span class=\"_ _1\"></span>d tax l<span class=\"_ _1\"></span>iab<span class=\"_ _1\"></span>il<span class=\"_ _1\"></span>iti<span class=\"_ _1\"></span>es r<span class=\"_ _1\"></span>ec<span class=\"_ _1\"></span>og<span class=\"_ _1\"></span>ni<span class=\"_ _1\"></span>se<span class=\"_ _1\"></span>d on  the f<span class=\"_ _1\"></span>air v<span class=\"_ _1\"></span>alu<span class=\"_ _1\"></span>e ad<span class=\"_ _1\"></span>jus<span class=\"_ _1\"></span>tm<span class=\"_ _1\"></span>en<span class=\"_ _1\"></span>ts of t<span class=\"_ _1\"></span>he C<span class=\"_ _1\"></span>CFS a<span class=\"_ _1\"></span>ss<span class=\"_ _1\"></span>et<span class=\"_ _1\"></span>s an<span class=\"_ _1\"></span>d lia<span class=\"_ _1\"></span>bil<span class=\"_ _1\"></span>iti<span class=\"_ _1\"></span>es a<span class=\"_ _1\"></span>t the a<span class=\"_ _1\"></span>cq<span class=\"_ _1\"></span>ui<span class=\"_ _1\"></span>sit<span class=\"_ _1\"></span>io<span class=\"_ _1\"></span>n dat<span class=\"_ _1\"></span>e of \u00a3<span class=\"_ _1\"></span>17<span class=\"_ _8\"></span>.5m a<span class=\"_ _1\"></span>nd th<span class=\"_ _1\"></span>e re<span class=\"_ _1\"></span>le<span class=\"_ _1\"></span>a<span class=\"_ _1\"></span>se o<span class=\"_ _1\"></span>f oth<span class=\"_ _1\"></span>er d<span class=\"_ _1\"></span>efe<span class=\"_ _1\"></span>rr<span class=\"_ _1\"></span>ed t<span class=\"_ _1\"></span>ax a<span class=\"_ _1\"></span>ss<span class=\"_ _1\"></span>et<span class=\"_ _1\"></span>s on C<span class=\"_ _1\"></span>om<span class=\"_ _1\"></span>bin<span class=\"_ _1\"></span>ati<span class=\"_ _1\"></span>on a<span class=\"_ _1\"></span>dj<span class=\"_ _1\"></span>us<span class=\"_ _1\"></span>tme<span class=\"_ _1\"></span>nt<span class=\"_ _1\"></span>s of \u00a31.3m.<span class=\"_ _383\"> </span>2021<span class=\"_ _383\"> </span>OSB<span class=\"_ _383\"> </span>\u00a3m<span class=\"_ _383\"> </span>CCFS<span class=\"_ _383\"> </span>\u00a3m<span class=\"_ _383\"> </span>Combination<span class=\"_ _383\"> </span>\u00a3m<span class=\"_ _383\"> </span>To<span class=\"_ _1\"></span>t<span class=\"_ _2\"></span>a<span class=\"_ _1\"></span>l<span class=\"_ _383\"> </span>\u00a3m<span class=\"_ _383\"> </span>Balances at the repor<span class=\"_ _1\"></span>ting date<span class=\"_ _383\"> </span>Gross loans and advances to cus<span class=\"_ _6\"></span>tomers<span class=\"_ _c6\"> </span><span class=\"lsc8 wsc8\">1<span class=\"_ _0\"></span>2<span class=\"_ _0\"></span>,<span class=\"_ _0\"></span>0<span class=\"_ _0\"></span>5<span class=\"_ _2\"></span>7.<span class=\"_ _3\"> </span>3<span class=\"_ _7f\"> </span><span class=\"lsd7 wsd7\">8<span class=\"_ _1\"></span>,9<span class=\"_ _2\"></span>8<span class=\"_ _1\"></span>1<span class=\"_ _1\"></span>.4<span class=\"_ _9d\"> </span><span class=\"lsed wsf2\">1<span class=\"_ _1\"></span>4<span class=\"_ _1\"></span>3<span class=\"_ _2\"></span>.1<span class=\"_ _d2\"> </span><span class=\"ls9f wsbc\">2<span class=\"_ _1\"></span>1,181.8<span class=\"_ _383\"> </span></span></span></span></span>Expected credit losses<span class=\"_ _24f\"> </span><span class=\"ls2\">(82.2)<span class=\"_ _3b\"> </span><span class=\"lsf8 wsfd\">(<span class=\"_ _2\"></span>1<span class=\"_ _1\"></span>9.<span class=\"_ _2\"></span>6<span class=\"_ _2\"></span>)<span class=\"_ _1b4\"> </span><span class=\"ls9f wsbc\">0.3<span class=\"_ _91\"> </span><span class=\"ls6f ws75\">(101.5)<span class=\"_ _383\"> </span></span></span></span></span>Loans and adv<span class=\"_ _6\"></span>ances to customer<span class=\"_ _6\"></span>s<span class=\"_ _cf\"> </span><span class=\"lsc5 wsc4\">1<span class=\"_ _1\"></span>1<span class=\"_ _1\"></span>,9<span class=\"_ _1\"></span>7<span class=\"_ _2\"></span>5<span class=\"_ _1\"></span>.1<span class=\"_ _73\"> </span>8<span class=\"_ _2\"></span>,9<span class=\"_ _1\"></span>61<span class=\"_ _1\"></span>.<span class=\"_ _2\"></span>8<span class=\"_ _e8\"> </span><span class=\"lsd7 wsd7\">1<span class=\"_ _1\"></span>4<span class=\"_ _1\"></span>3<span class=\"_ _2\"></span>.4<span class=\"_ _19f\"> </span><span class=\"ls9f wsbc\">2<span class=\"_ _1\"></span>1,08<span class=\"_ _1\"></span>0.3<span class=\"_ _383\"> </span></span></span></span>Capital expenditur<span class=\"_ _6\"></span>e<span class=\"_ _1de\"> </span><span class=\"ws6e\">5<span class=\"_ _1\"></span>.0<span class=\"_ _52\"> </span><span class=\"ls9f wsbc\">1.<span class=\"_ _1\"></span>8<span class=\"_ _1cc\"> </span></span></span><span class=\"ls2\">\u2013 <span class=\"_ _57\"> </span><span class=\"ls7a wsa1\">6.8<span class=\"_ _383\"> </span></span></span>Depreciation and amortisation<span class=\"_ _33e\"> </span><span class=\"ls6f ws75\">6.5<span class=\"_ _15e\"> </span><span class=\"ls2c ws29\">3.<span class=\"_ _1\"></span>2<span class=\"_ _15e\"> </span><span class=\"ls88 wse3\">4.8<span class=\"_ _37\"> </span>14.<span class=\"_ _1\"></span>5<span class=\"_ _383\"> </span></span></span></span>Pro\ufb01t or loss for the year<span class=\"_ _383\"> </span>Net interest income/(e<span class=\"_ _8\"></span>xp<span class=\"_ _1\"></span>ense)<span class=\"_ _343\"> </span><span class=\"ff1 ls78 ws109\">41<span class=\"_ _1\"></span>4.<span class=\"_ _2\"></span>8<span class=\"_ _1\"></span> <span class=\"_ _8c\"> </span><span class=\"ls54 ws55\">235<span class=\"_ _1\"></span>.7<span class=\"_ _2ab\"> </span><span class=\"ls86 wsf1\">(<span class=\"_ _1\"></span>6<span class=\"_ _1\"></span>2<span class=\"_ _1\"></span>.9<span class=\"_ _1\"></span>)<span class=\"_ _86\"> </span><span class=\"lsc8 wsc8\">5<span class=\"_ _0\"></span>8<span class=\"_ _0\"></span>7.<span class=\"_ _0\"></span>6<span class=\"_ _0\"></span> </span></span></span></span>Other income<span class=\"_ _30e\"> </span><span class=\"ff1 lse3 wse7\">8.7 <span class=\"_ _3b\"> </span><span class=\"ls11 ws6e\">2<span class=\"_ _1\"></span>0.0 <span class=\"_ _55\"> </span><span class=\"ls12 wsf\">12.7<span class=\"_ _1b4\"> </span><span class=\"lsd7 wsd7\">41<span class=\"_ _1\"></span>.4<span class=\"_ _2\"></span> </span></span></span></span>T<span class=\"_ _8\"></span>otal income/(expense<span class=\"_ _6\"></span>)<span class=\"_ _253\"> </span><span class=\"ff1 ls7c wsd0\">423.<span class=\"_ _1\"></span>5<span class=\"_ _3e\"> </span><span class=\"ls14 ws11\">255.7<span class=\"_ _3d\"> </span><span class=\"ls87 wsc6\">(<span class=\"_ _1\"></span>5<span class=\"_ _1\"></span>0.<span class=\"_ _1\"></span>2)<span class=\"_ _70\"> </span><span class=\"lsf8 wsfd\">6<span class=\"_ _2\"></span>2<span class=\"_ _2\"></span>9.<span class=\"_ _2\"></span>0<span class=\"_ _383\"> </span></span></span></span></span>Impairment of \ufb01nancial asset<span class=\"_ _6\"></span>s<span class=\"_ _2e9\"> </span><span class=\"lscc wscd\">(3<span class=\"_ _1\"></span>.5<span class=\"_ _1\"></span>)<span class=\"_ _1b4\"> </span><span class=\"lsd7 wsd7\">8<span class=\"_ _2\"></span>.4<span class=\"_ _37\"> </span></span>(0.<span class=\"_ _1\"></span>5<span class=\"_ _1\"></span>)<span class=\"_ _57\"> </span><span class=\"lsd7 wsd7\">4.4<span class=\"_ _383\"> </span></span></span>Contribution to pro\ufb01t<span class=\"_ _248\"> </span><span class=\"ff1 ls7c wsd0\">42<span class=\"_ _1\"></span>0.<span class=\"_ _1\"></span>0<span class=\"_ _e8\"> </span><span class=\"lsed wsf2\">2<span class=\"_ _1\"></span>6<span class=\"_ _1\"></span>4<span class=\"_ _1\"></span>.1<span class=\"_ _e8\"> </span><span class=\"ls9f wsbc\">(50.<span class=\"_ _1\"></span>7<span class=\"_ _2\"></span>)<span class=\"_ _70\"> </span><span class=\"lsd7 wsd7\">6<span class=\"_ _1\"></span>3<span class=\"_ _1\"></span>3<span class=\"_ _2\"></span>.4<span class=\"_ _383\"> </span></span></span></span></span>Administr<span class=\"_ _6\"></span>ative e<span class=\"_ _6\"></span>xpenses<span class=\"_ _344\"> </span><span class=\"lsc8 wsc8\">(<span class=\"_ _2\"></span>9<span class=\"_ _0\"></span>7.<span class=\"_ _1\"></span>9<span class=\"_ _0\"></span>)<span class=\"_ _91\"> </span><span class=\"ls106 ws10f\">(6<span class=\"_ _2\"></span>3<span class=\"_ _1\"></span>.<span class=\"_ _1\"></span>8<span class=\"_ _1\"></span>)<span class=\"_ _96\"> </span><span class=\"ls88 wse3\">(<span class=\"_ _1\"></span>4.<span class=\"_ _1\"></span>8)<span class=\"_ _94\"> </span><span class=\"lscc wscd\">(16<span class=\"_ _1\"></span>6.<span class=\"_ _1\"></span>5<span class=\"_ _1\"></span>)<span class=\"_ _383\"> </span></span></span></span></span>Pro<span class=\"_ _6\"></span>visions<span class=\"_ _345\"> </span><span class=\"lscc wscd\">(0.3<span class=\"_ _1\"></span>)<span class=\"_ _1c2\"> </span><span class=\"lsed wsf2\">0<span class=\"_ _1\"></span>.1<span class=\"_ _d9\"> </span><span class=\"ls2 ws2\">\u2013 <span class=\"_ _55\"> </span></span></span>(0.2)<span class=\"_ _383\"> </span></span>Impairment of in<span class=\"_ _6\"></span>tangible assets<span class=\"_ _346\"> </span><span class=\"ls2\">\u2013 <span class=\"_ _3f\"> </span>\u2013 <span class=\"_ _53\"> </span><span class=\"lsed wsf2\">3<span class=\"_ _1\"></span>.1<span class=\"_ _2\"></span> <span class=\"_ _53\"> </span>3<span class=\"_ _2\"></span>.1<span class=\"_ _383\"> </span></span></span>Integr<span class=\"_ _6\"></span>ation costs<span class=\"_ _347\"> </span><span class=\"ls88 wse3\">(<span class=\"_ _1\"></span>4.0)<span class=\"_ _9c\"> </span><span class=\"ls7f wse1\">(1<span class=\"_ _1\"></span>.0)<span class=\"_ _ce\"> </span><span class=\"ls2 ws1c\"> \u2013 <span class=\"_ _96\"> </span></span>(<span class=\"_ _1\"></span>5.0)<span class=\"_ _383\"> </span></span></span>Exceptional items<span class=\"_ _297\"> </span><span class=\"lscc wscd\">(0<span class=\"_ _1\"></span>.<span class=\"_ _1\"></span>2)<span class=\"_ _20e\"> </span></span><span class=\"ls2\">\u2013 <span class=\"_ _3f\"> </span>\u2013 <span class=\"_ _96\"> </span><span class=\"lscc wscd\">(0.2<span class=\"_ _1\"></span>)<span class=\"_ _383\"> </span></span></span>Pro\ufb01t/(loss) before taxation<span class=\"_ _210\"> </span><span class=\"ff1 lsc8 wsc8\">3<span class=\"_ _2\"></span>1<span class=\"_ _0\"></span>7.<span class=\"_ _0\"></span>6<span class=\"_ _93\"> </span><span class=\"lsf8 wsfd\">1<span class=\"_ _1\"></span>9<span class=\"_ _2\"></span>9.<span class=\"_ _1\"></span>4<span class=\"_ _59\"> </span><span class=\"lsd7 wsd7\">(<span class=\"_ _2\"></span>5<span class=\"_ _1\"></span>2<span class=\"_ _1\"></span>.4<span class=\"_ _1\"></span>)<span class=\"_ _70\"> </span><span class=\"ls88 wse3\">46<span class=\"_ _1\"></span>4.<span class=\"_ _1\"></span>6<span class=\"_ _383\"> </span></span></span></span></span>T<span class=\"_ _8\"></span>axation<span class=\"_ _383\"> </span>1<span class=\"_ _383\"> </span>(<span class=\"_ _2\"></span>76<span class=\"_ _2\"></span>.<span class=\"_ _1\"></span>0<span class=\"_ _1\"></span>)<span class=\"_ _3b\"> </span><span class=\"lsc7 ws7f\">(51<span class=\"_ _1\"></span>.8<span class=\"_ _1\"></span>)<span class=\"_ _37\"> </span><span class=\"ls6f ws75\">8.5 <span class=\"_ _50\"> </span><span class=\"lsf8 wsfd\">(<span class=\"_ _2\"></span>1<span class=\"_ _1\"></span>1<span class=\"_ _2\"></span>9.<span class=\"_ _2\"></span>3<span class=\"_ _2\"></span>)<span class=\"_ _383\"> </span></span></span></span>Pro\ufb01t/(loss) for the year<span class=\"_ _341\"> </span><span class=\"ff1 ls78 ws109\">241<span class=\"_ _1\"></span>.<span class=\"_ _1\"></span>6<span class=\"_ _93\"> </span><span class=\"lsc8 wsc8\">1<span class=\"_ _0\"></span>4<span class=\"_ _2\"></span>7.<span class=\"_ _0\"></span>6<span class=\"_ _59\"> </span><span class=\"ls86 wsf1\">(<span class=\"_ _2\"></span>4<span class=\"_ _2\"></span>3<span class=\"_ _1\"></span>.9<span class=\"_ _1\"></span>)<span class=\"_ _70\"> </span><span class=\"ls79 wse8\">345.<span class=\"_ _1\"></span>3<span class=\"_ _383\"> </span></span></span></span></span>1. <span class=\"_ _41\"> </span> <span class=\"_ _23\"></span>T<span class=\"_ _1\"></span>h<span class=\"_ _1\"></span>e tax o<span class=\"_ _1\"></span>n Co<span class=\"_ _1\"></span>mb<span class=\"_ _1\"></span>ina<span class=\"_ _1\"></span>tio<span class=\"_ _1\"></span>n cr<span class=\"_ _1\"></span>ed<span class=\"_ _1\"></span>it in<span class=\"_ _1\"></span>cl<span class=\"_ _1\"></span>ud<span class=\"_ _1\"></span>es a c<span class=\"_ _1\"></span>re<span class=\"_ _1\"></span>di<span class=\"_ _1\"></span>t of \u00a3<span class=\"_ _1\"></span>14.1m rel<span class=\"_ _1\"></span>ati<span class=\"_ _1\"></span>ng to t<span class=\"_ _1\"></span>he un<span class=\"_ _1\"></span>win<span class=\"_ _1\"></span>d of th<span class=\"_ _1\"></span>e d<span class=\"_ _1\"></span>efe<span class=\"_ _1\"></span>rr<span class=\"_ _1\"></span>ed t<span class=\"_ _1\"></span>ax li<span class=\"_ _1\"></span>abi<span class=\"_ _1\"></span>lit<span class=\"_ _1\"></span>ie<span class=\"_ _1\"></span>s re<span class=\"_ _1\"></span>co<span class=\"_ _1\"></span>gn<span class=\"_ _1\"></span>is<span class=\"_ _1\"></span>ed o<span class=\"_ _1\"></span>n th<span class=\"_ _1\"></span>e fai<span class=\"_ _1\"></span>r val<span class=\"_ _1\"></span>ue a<span class=\"_ _1\"></span>dju<span class=\"_ _1\"></span>st<span class=\"_ _1\"></span>me<span class=\"_ _1\"></span>nt<span class=\"_ _1\"></span>s of th<span class=\"_ _1\"></span>e CC<span class=\"_ _1\"></span>FS as<span class=\"_ _1\"></span>se<span class=\"_ _1\"></span>ts an<span class=\"_ _1\"></span>d li<span class=\"_ _1\"></span>abi<span class=\"_ _1\"></span>lit<span class=\"_ _1\"></span>ie<span class=\"_ _1\"></span>s at th<span class=\"_ _1\"></span>e ac<span class=\"_ _1\"></span>qu<span class=\"_ _1\"></span>isi<span class=\"_ _1\"></span>tio<span class=\"_ _1\"></span>n da<span class=\"_ _1\"></span>te, o<span class=\"_ _1\"></span><span class=\"_ _383\">ffs</span><span class=\"_ _1\"></span>et b<span class=\"_ _1\"></span>y a \u00a35.<span class=\"_ _1\"></span>6m d<span class=\"_ _1\"></span>ef<span class=\"_ _1\"></span>err<span class=\"_ _1\"></span>e<span class=\"_ _1\"></span>d tax c<span class=\"_ _1\"></span>har<span class=\"_ _1\"></span>ge d<span class=\"_ _1\"></span>ue to t<span class=\"_ _1\"></span>he 6% in<span class=\"_ _1\"></span>cr<span class=\"_ _1\"></span>ea<span class=\"_ _1\"></span>se i<span class=\"_ _1\"></span>n th<span class=\"_ _1\"></span>e mai<span class=\"_ _1\"></span>n ra<span class=\"_ _1\"></span>te of th<span class=\"_ _1\"></span>e co<span class=\"_ _1\"></span>rp<span class=\"_ _1\"></span>or<span class=\"_ _1\"></span>ati<span class=\"_ _1\"></span>on ta<span class=\"_ _1\"></span>x li<span class=\"_ _1\"></span>abi<span class=\"_ _1\"></span>lity f<span class=\"_ _1\"></span>ro<span class=\"_ _1\"></span>m 1 Ap<span class=\"_ _1\"></span>ril 2023.<span class=\"_ _383\"> </span>",
   "dimensions": {
    "concept": "ifrs-full:DisclosureOfEntitysReportableSegmentsExplanatory",
    "language": "en",
    "entity": "scheme:213800ZBKL9BHSL2K459",
    "period": "2022-01-01T00:00:00/2023-01-01T00:00:00"
   }
  },
  "fact-541": {
   "value": "49<span class=\"_ _8\"></span><span class=\"_ _383\">.\u2002C</span><span class=\"_ _1\"></span>ount<span class=\"_ _1\"></span>ry by co<span class=\"_ _1\"></span>untry r<span class=\"_ _1\"></span>epo<span class=\"_ _1\"></span>rt<span class=\"_ _1\"></span>ing (CBC<span class=\"_ _1\"></span>R)<span class=\"_ _383\"> </span>CBCR was in<span class=\"_ _6\"></span>troduced through Article 89 of CRD IV<span class=\"_ _1f6\"></span>, aimed at the banking and capital mark<span class=\"_ _6\"></span>ets indus<span class=\"_ _6\"></span>try.<span class=\"_ _383\"> </span>The name, natur<span class=\"_ _6\"></span>e of activities and geographic location o<span class=\"_ _6\"></span>f the Group<span class=\"_ _8\"></span>\u2019<span class=\"_ _6\"></span>s companies are presen<span class=\"_ _6\"></span>ted below:<span class=\"_ _383\"> </span>Jurisdiction<span class=\"_ _a3\"> </span><span class=\"ff1\">Country<span class=\"_ _7d\"> </span>Name<span class=\"_ _348\"> </span>Activities<span class=\"_ _383\"> </span></span>UK1 <span class=\"_ _61\"> </span><span class=\"ff1 ls11 ws6e\">England<span class=\"_ _66\"> </span><span class=\"ws2\">OSB GROUP PL<span class=\"_ _8\"></span>C<span class=\"_ _383\"> </span></span></span>Commercial banking<span class=\"_ _383\"> </span>OneSavings Bank plc<span class=\"_ _383\"> </span>5D Finance Limited<span class=\"_ _383\"> </span>Broadlands Finance Limited<span class=\"_ _383\"> </span>Charter Cour<span class=\"_ _1\"></span>t Financial Servic<span class=\"_ _1\"></span>es Group Plc<span class=\"_ _383\"> </span>Charter Cour<span class=\"_ _1\"></span>t Financial Servic<span class=\"_ _1\"></span>es Limited<span class=\"_ _383\"> </span>Charter Mor<span class=\"_ _1\"></span>tgages Limited<span class=\"_ _383\"> </span>Easioption Limited<span class=\"_ _383\"> </span>Exact Mortgage Experts Limited<span class=\"_ _383\"> </span>Guernsey Home Loans Limit<span class=\"_ _6\"></span>ed<span class=\"_ _383\"> </span>Heritable Dev<span class=\"_ _6\"></span>elopment Finance Limited<span class=\"_ _383\"> </span>Inter Bay Financial I Limited<span class=\"_ _383\"> </span>Inter Bay Financial II Limited<span class=\"_ _383\"> </span>InterBay Asset Finance Limited<span class=\"_ _383\"> </span>Interbay Funding, L<span class=\"_ _6\"></span>td<span class=\"_ _383\"> </span>Interbay Gr<span class=\"_ _6\"></span>oup Holdings Limited<span class=\"_ _383\"> </span>Interbay Holdings L<span class=\"_ _6\"></span>td<span class=\"_ _383\"> </span>Interbay ML, L<span class=\"_ _6\"></span>td<span class=\"_ _383\"> </span>Jersey Home L<span class=\"_ _6\"></span>oans Limited<span class=\"_ _383\"> </span>Prestige Finance Limite<span class=\"_ _6\"></span>d<span class=\"_ _383\"> </span>Reliance Property Loans Limit<span class=\"_ _6\"></span>ed<span class=\"_ _383\"> </span>Rochester Mortgages Limited<span class=\"_ _383\"> </span>Guernsey<span class=\"_ _fc\"> </span><span class=\"ws2\">Guernsey Home L<span class=\"_ _8\"></span>oans Limited</span> <span class=\"_ _11a\"> </span><span class=\"ff1 ls11 ws6e\">Jersey<span class=\"_ _74\"> </span><span class=\"ws2\">Jersey Home L<span class=\"_ _6\"></span>oans Limited<span class=\"_ _383\"> </span></span></span>UK<span class=\"_ _5f\"> </span><span class=\"ff1\">England<span class=\"_ _66\"> </span><span class=\"ws2\">Canterbury Finance No<span class=\"_ _6\"></span>. 2 plc<span class=\"_ _383\"> </span></span></span>Special purpose vehicle<span class=\"_ _383\"> </span>Canterbury Finance No<span class=\"_ _6\"></span>. 3 plc<span class=\"_ _383\"> </span>Canterbury Finance No<span class=\"_ _6\"></span>. 4 plc<span class=\"_ _383\"> </span>Canterbury Finance No<span class=\"_ _6\"></span>. 5 plc <span class=\"_ _11a\"> </span><span class=\"ff1\"> <span class=\"_ _21a\"> </span><span class=\"ls11\">CMF 2020-1 plc<span class=\"_ _383\"> </span></span></span>UK<span class=\"_ _5f\"> </span><span class=\"ff1\">England<span class=\"_ _66\"> </span><span class=\"ws2\">WSE Bourton Road Limited<span class=\"_ _1a0\"> </span>Land lease inv<span class=\"_ _6\"></span>estmen<span class=\"_ _6\"></span>t<span class=\"_ _383\"> </span></span></span>India<span class=\"_ _3d\"> </span><span class=\"ff1\">India<span class=\"_ _2ab\"> </span><span class=\"ws2\">OSB India Private Limited<span class=\"_ _210\"> </span>Back o<span class=\"_ _6\"></span><span class=\"_ _383\">ffice processing<span class=\"_ _383\"> </span></span></span></span>1. <span class=\"_ _41\"> </span> <span class=\"_ _23\"></span>G<span class=\"_ _1\"></span>u<span class=\"_ _1\"></span>ern<span class=\"_ _1\"></span>se<span class=\"_ _1\"></span>y H<span class=\"_ _1\"></span>om<span class=\"_ _1\"></span>e Loa<span class=\"_ _1\"></span>ns Li<span class=\"_ _1\"></span>mit<span class=\"_ _1\"></span>ed (G<span class=\"_ _1\"></span>ue<span class=\"_ _1\"></span>rns<span class=\"_ _1\"></span>e<span class=\"_ _1\"></span>y) an<span class=\"_ _1\"></span>d J<span class=\"_ _1\"></span>er<span class=\"_ _1\"></span>se<span class=\"_ _1\"></span>y Ho<span class=\"_ _1\"></span>me L<span class=\"_ _1\"></span>oa<span class=\"_ _1\"></span>ns Lim<span class=\"_ _1\"></span>ite<span class=\"_ _1\"></span>d (Je<span class=\"_ _1\"></span>rs<span class=\"_ _1\"></span>ey<span class=\"_ _1\"></span>) are i<span class=\"_ _1\"></span>nc<span class=\"_ _1\"></span>or<span class=\"_ _1\"></span>po<span class=\"_ _1\"></span>ra<span class=\"_ _1\"></span>te<span class=\"_ _1\"></span>d in Gu<span class=\"_ _1\"></span>er<span class=\"_ _1\"></span>ns<span class=\"_ _1\"></span>ey a<span class=\"_ _1\"></span>nd J<span class=\"_ _1\"></span>er<span class=\"_ _1\"></span>s<span class=\"_ _1\"></span>ey r<span class=\"_ _1\"></span>es<span class=\"_ _1\"></span>pe<span class=\"_ _1\"></span>ct<span class=\"_ _1\"></span>iv<span class=\"_ _1\"></span>ely<span class=\"_ _1\"></span>, bu<span class=\"_ _1\"></span>t are c<span class=\"_ _1\"></span>on<span class=\"_ _1\"></span>si<span class=\"_ _1\"></span>de<span class=\"_ _1\"></span>re<span class=\"_ _1\"></span>d to b<span class=\"_ _1\"></span>e lo<span class=\"_ _1\"></span>ca<span class=\"_ _1\"></span>ted i<span class=\"_ _1\"></span>n th<span class=\"_ _1\"></span>e UK a<span class=\"_ _1\"></span>s th<span class=\"_ _1\"></span>ey ar<span class=\"_ _1\"></span>e ma<span class=\"_ _1\"></span>na<span class=\"_ _1\"></span>ge<span class=\"_ _1\"></span>d an<span class=\"_ _1\"></span>d co<span class=\"_ _1\"></span>ntr<span class=\"_ _1\"></span>oll<span class=\"_ _1\"></span>e<span class=\"_ _1\"></span>d in th<span class=\"_ _1\"></span>e UK w<span class=\"_ _1\"></span>ith n<span class=\"_ _1\"></span>o p<span class=\"_ _1\"></span>er<span class=\"_ _1\"></span>man<span class=\"_ _1\"></span>e<span class=\"_ _1\"></span>nt es<span class=\"_ _1\"></span>tab<span class=\"_ _1\"></span>li<span class=\"_ _1\"></span>sh<span class=\"_ _1\"></span>me<span class=\"_ _1\"></span>nt<span class=\"_ _1\"></span>s in Gu<span class=\"_ _1\"></span>er<span class=\"_ _1\"></span>ns<span class=\"_ _1\"></span>ey o<span class=\"_ _1\"></span>r J<span class=\"_ _1\"></span>er<span class=\"_ _1\"></span>se<span class=\"_ _1\"></span>y.<span class=\"_ _383\"> </span>Other disclosures requir<span class=\"_ _6\"></span>ed by the CBCR directiv<span class=\"_ _6\"></span>e are pr<span class=\"_ _6\"></span>ovided belo<span class=\"_ _6\"></span>w:<span class=\"_ _383\"> </span>2022<span class=\"_ _349\"> </span>UK<span class=\"_ _55\"> </span>India<span class=\"_ _1d\"> </span><span class=\"ls32 ws2f\">Consolidation</span>2<span class=\"_ _383\"> </span>To<span class=\"_ _1\"></span>t<span class=\"_ _2\"></span>a<span class=\"_ _1\"></span>l<span class=\"_ _383\"> </span>Aver<span class=\"_ _8\"></span>age number of employees<span class=\"_ _4a\"> </span><span class=\"ff2 lse3 wse7\">1,<span class=\"_ _1\"></span>274<span class=\"_ _61\"> </span><span class=\"ls12 wsf\">622<span class=\"_ _d9\"> </span><span class=\"ls2 ws2\">\u2013 <span class=\"_ _70\"> </span><span class=\"ls79 wse8\">1,896<span class=\"_ _383\"> </span></span></span></span></span>T<span class=\"_ _8\"></span>urnover<span class=\"_ _383\"> </span>1<span class=\"_ _383\"> </span>, \u00a3m<span class=\"_ _1e9\"> </span><span class=\"ff2 lsc3 wsc2\">7<span class=\"_ _1\"></span>7<span class=\"_ _2\"></span>5<span class=\"_ _1\"></span>.1<span class=\"_ _4f\"> </span><span class=\"ls14 ws11\">13.<span class=\"_ _1\"></span>6<span class=\"_ _e8\"> </span><span class=\"ls1e ws43\">(1<span class=\"_ _1\"></span>3.<span class=\"_ _1\"></span>3)<span class=\"_ _7d\"> </span><span class=\"ls81 wsdf\">7<span class=\"_ _2\"></span>7<span class=\"_ _1\"></span>5<span class=\"_ _1\"></span>.4<span class=\"_ _383\"> </span></span></span></span></span>Pro\ufb01t/(loss) befor<span class=\"_ _6\"></span>e tax, \u00a3m<span class=\"_ _296\"> </span><span class=\"ff2 ls14 ws11\">531.2<span class=\"_ _1c2\"> </span><span class=\"ls2d ws2a\">2.2<span class=\"_ _63\"> </span><span class=\"lsc5 wsc4\">(1<span class=\"_ _2\"></span>.9)<span class=\"_ _83\"> </span></span></span>5<span class=\"_ _1\"></span>31.5<span class=\"_ _383\"> </span></span>Corporation tax paid, \u00a3m<span class=\"_ _2ad\"> </span><span class=\"ff2 lscc wscd\">142<span class=\"_ _1\"></span>.0<span class=\"_ _15c\"> </span><span class=\"ls11 ws6e\">0.5<span class=\"_ _1cc\"> </span><span class=\"ls2 ws2\">\u2013 <span class=\"_ _70\"> </span><span class=\"ls6f ws75\">142.5<span class=\"_ _383\"> </span></span></span></span></span>2021<span class=\"_ _34a\"> </span>UK<span class=\"_ _d0\"> </span>India<span class=\"_ _124\"> </span>Consolidation2<span class=\"_ _383\"> </span>To<span class=\"_ _1\"></span>t<span class=\"_ _2\"></span>a<span class=\"_ _1\"></span>l<span class=\"_ _383\"> </span>Aver<span class=\"_ _8\"></span>age number of employees<span class=\"_ _2a4\"> </span><span class=\"ls9f wsbc\">1,<span class=\"_ _1\"></span>220<span class=\"_ _1b4\"> </span><span class=\"ls1f ws1c\">535<span class=\"_ _1cc\"> </span></span></span><span class=\"ls2\">\u2013 <span class=\"_ _a9\"> </span><span class=\"ls9f wsbc\">1,75<span class=\"_ _1\"></span>5<span class=\"_ _383\"> </span></span></span>T<span class=\"_ _8\"></span>urnover<span class=\"_ _383\"> </span>1<span class=\"_ _383\"> </span>, \u00a3m<span class=\"_ _29a\"> </span><span class=\"ls86 wsf1\">6<span class=\"_ _1\"></span>2<span class=\"_ _2\"></span>8<span class=\"_ _1\"></span>.9<span class=\"_ _90\"> </span><span class=\"lsf8 wsfd\">9.<span class=\"_ _2\"></span>6<span class=\"_ _63\"> </span>(<span class=\"_ _1\"></span>9.<span class=\"_ _2\"></span>5<span class=\"_ _0\"></span>)<span class=\"_ _8c\"> </span>6<span class=\"_ _2\"></span>2<span class=\"_ _2\"></span>9.<span class=\"_ _2\"></span>0<span class=\"_ _383\"> </span></span></span>Pro\ufb01t/(loss) befor<span class=\"_ _6\"></span>e tax, \u00a3m<span class=\"_ _6a\"> </span><span class=\"lsd7 wsd7\">4<span class=\"_ _2\"></span>6<span class=\"_ _1\"></span>4<span class=\"_ _1\"></span>.4<span class=\"_ _ca\"> </span><span class=\"ls9f wsbc\">1.<span class=\"_ _1\"></span>2<span class=\"_ _1c2\"> </span><span class=\"ls7f wse1\">(1.<span class=\"_ _1\"></span>0)<span class=\"_ _83\"> </span><span class=\"ls88 wse3\">4<span class=\"_ _1\"></span>6<span class=\"_ _1\"></span>4.6<span class=\"_ _383\"> </span></span></span></span></span>Corporation tax paid, \u00a3m<span class=\"_ _34b\"> </span><span class=\"lsc8 wsc8\">1<span class=\"_ _2\"></span>1<span class=\"_ _2\"></span>7.<span class=\"_ _0\"></span>0<span class=\"_ _8b\"> </span><span class=\"ls9f wsbc\">0.3<span class=\"_ _d9\"> </span></span></span><span class=\"ls2\">\u2013 <span class=\"_ _5c\"> </span><span class=\"lsc8 wsc8\">1<span class=\"_ _2\"></span>1<span class=\"_ _2\"></span>7.<span class=\"_ _0\"></span>3<span class=\"_ _383\"> </span></span></span>1. <span class=\"_ _41\"> </span> <span class=\"_ _23\"></span>Turno<span class=\"_ _1\"></span>ver r<span class=\"_ _1\"></span>ep<span class=\"_ _1\"></span>re<span class=\"_ _1\"></span>s<span class=\"_ _1\"></span>ent<span class=\"_ _1\"></span>s tot<span class=\"_ _1\"></span>al in<span class=\"_ _1\"></span>co<span class=\"_ _1\"></span>me b<span class=\"_ _1\"></span>ef<span class=\"_ _1\"></span>or<span class=\"_ _1\"></span>e imp<span class=\"_ _1\"></span>ai<span class=\"_ _1\"></span>rm<span class=\"_ _1\"></span>ent o<span class=\"_ _1\"></span>f \ufb01n<span class=\"_ _1\"></span>anc<span class=\"_ _1\"></span>ia<span class=\"_ _1\"></span>l and i<span class=\"_ _1\"></span>nta<span class=\"_ _1\"></span>ngi<span class=\"_ _1\"></span>bl<span class=\"_ _1\"></span>e as<span class=\"_ _1\"></span>s<span class=\"_ _1\"></span>ets<span class=\"_ _1\"></span>, re<span class=\"_ _1\"></span>gu<span class=\"_ _1\"></span>la<span class=\"_ _1\"></span>tor<span class=\"_ _1\"></span>y pr<span class=\"_ _1\"></span>ovi<span class=\"_ _1\"></span>si<span class=\"_ _1\"></span>on<span class=\"_ _1\"></span>s and o<span class=\"_ _1\"></span>p<span class=\"_ _1\"></span>era<span class=\"_ _1\"></span>tin<span class=\"_ _1\"></span>g co<span class=\"_ _1\"></span>st<span class=\"_ _1\"></span>s, b<span class=\"_ _1\"></span>ut a<span class=\"_ _1\"></span>f<span class=\"_ _1\"></span>ter n<span class=\"_ _1\"></span>et i<span class=\"_ _1\"></span>nte<span class=\"_ _1\"></span>re<span class=\"_ _1\"></span>st i<span class=\"_ _1\"></span>nc<span class=\"_ _1\"></span>om<span class=\"_ _1\"></span>e, g<span class=\"_ _1\"></span>ain<span class=\"_ _1\"></span>s and losses on \ufb01nancial instrum<span class=\"_ _1\"></span>ents and other operating incom<span class=\"_ _1\"></span>e.<span class=\"_ _383\"> </span>2. <span class=\"_ _34\"> </span>Re<span class=\"_ _1\"></span>la<span class=\"_ _1\"></span>te<span class=\"_ _1\"></span>s to a ma<span class=\"_ _1\"></span>na<span class=\"_ _1\"></span>ge<span class=\"_ _1\"></span>me<span class=\"_ _1\"></span>nt fe<span class=\"_ _1\"></span>e fr<span class=\"_ _1\"></span>om I<span class=\"_ _1\"></span>nd<span class=\"_ _1\"></span>ian s<span class=\"_ _1\"></span>ub<span class=\"_ _1\"></span>si<span class=\"_ _1\"></span>dia<span class=\"_ _1\"></span>rie<span class=\"_ _1\"></span>s to O<span class=\"_ _1\"></span>ne<span class=\"_ _1\"></span>S<span class=\"_ _1\"></span>av<span class=\"_ _1\"></span>in<span class=\"_ _1\"></span>gs B<span class=\"_ _1\"></span>an<span class=\"_ _1\"></span>k pl<span class=\"_ _1\"></span>c fo<span class=\"_ _1\"></span>r pro<span class=\"_ _1\"></span>vi<span class=\"_ _1\"></span>din<span class=\"_ _1\"></span>g ba<span class=\"_ _1\"></span>ck o<span class=\"_ _1\"></span><span class=\"_ _383\">ffic</span><span class=\"_ _1\"></span>e pr<span class=\"_ _1\"></span>oc<span class=\"_ _1\"></span>es<span class=\"_ _1\"></span>s<span class=\"_ _1\"></span>ing<span class=\"_ _1\"></span>.<span class=\"_ _383\"> </span><div class=\"t m0 hd ff1 fs7 fc3 sc0 ls11 ws2 gsc70\">The tables below r<span class=\"_ _6\"></span>econcile tax charged and tax paid during the year<span class=\"_ _1f6\"></span>.<span class=\"_ _383\"> </span></div><div class=\"t m0 h3a ff2 fs5 fc3 sc0 lse ws71 gsc71\">2022<span class=\"_ _383\"> </span></div><div class=\"t m0 h3a ff2 fs5 fc3 sc0 lse ws71 gsc72\">UK<span class=\"_ _383\"> </span></div><div class=\"t m0 h3a ff2 fs5 fc3 sc0 lse ws71 gsc73\">\u00a3m<span class=\"_ _383\"> </span></div><div class=\"t m0 h3a ff2 fs5 fc3 sc0 lse ws71 gsc74\">India<span class=\"_ _383\"> </span></div><div class=\"t m0 h3a ff2 fs5 fc3 sc0 lse ws71 gsc75\">\u00a3m<span class=\"_ _383\"> </span></div><div class=\"t m0 h3a ff2 fs5 fc3 sc0 lsc2 wsc1 gsc76\">To<span class=\"_ _1\"></span>t<span class=\"_ _2\"></span>a<span class=\"_ _1\"></span>l<span class=\"_ _383\"> </span></div><div class=\"t m0 h3a ff2 fs5 fc3 sc0 lse ws71 gsc77\">\u00a3m<span class=\"_ _383\"> </span></div><div class=\"t m0 hd ff1 fs7 fc3 sc0 ls11 ws2 gsc78\">T<span class=\"_ _8\"></span>ax charge<span class=\"_ _5d\"> </span><span class=\"ff2 ls7e ws16\">121.0<span class=\"_ _1c2\"> </span><span class=\"ls11 ws6e\">0.5<span class=\"_ _34c\"> </span><span class=\"ls6f ws75\">121.5<span class=\"_ _383\"> </span></span></span></span></div><div class=\"t m0 hd ff1 fs7 fc3 sc0 ls11 ws2 gsc79\"><span class=\"_ _383\">Effects of:</span><span class=\"_ _230\"> </span><span class=\"ff2 ls2\"> <span class=\"_ _11a\"> </span> <span class=\"_ _11a\"> </span> </span></div><div class=\"t m0 hd ff1 fs7 fc3 sc0 ls11 ws2 gsc7a\"><span class=\"_ _383\">Other timing differences</span><span class=\"_ _1fa\"> </span><span class=\"ff2 lsc6 wsc5\">1<span class=\"_ _1\"></span>9.<span class=\"_ _2\"></span>0<span class=\"_ _d9\"> </span><span class=\"ls2 ws2\">\u2013 <span class=\"_ _59\"> </span></span>1<span class=\"_ _2\"></span>9.<span class=\"_ _1\"></span>0<span class=\"_ _383\"> </span></span></div><div class=\"t m0 hd ff1 fs7 fc3 sc0 ls11 ws2 gsc7b\">T<span class=\"_ _8\"></span>ax outside of pro<span class=\"_ _6\"></span>\ufb01t or loss<span class=\"_ _34d\"> </span><span class=\"ff2 lsc5 wsc4\">(0<span class=\"_ _1\"></span>.9<span class=\"_ _1\"></span>)<span class=\"_ _20e\"> </span><span class=\"ls2 ws2\">\u2013 <span class=\"_ _9d\"> </span></span>(<span class=\"_ _1\"></span>0<span class=\"_ _1\"></span>.9<span class=\"_ _1\"></span>)<span class=\"_ _383\"> </span></span></div><div class=\"t m0 hd ff1 fs7 fc3 sc0 ls11 ws2 gsc7c\">Prior year tax paid during the year<span class=\"_ _32c\"> </span><span class=\"ff2 ls7e ws16\">1.0<span class=\"_ _1cc\"> </span><span class=\"ls2 ws2\">\u2013 <span class=\"_ _63\"> </span></span>1.0<span class=\"_ _383\"> </span></span></div><div class=\"t m0 hd ff1 fs7 fc3 sc0 ls11 ws2 gsc7d\">Prior year tax included within tax char<span class=\"_ _6\"></span>ge<span class=\"_ _328\"> </span><span class=\"ff2 lsc5 wsc4\">0<span class=\"_ _2\"></span>.9<span class=\"_ _d9\"> </span><span class=\"ls2 ws2\">\u2013 <span class=\"_ _d0\"> </span></span>0<span class=\"_ _1\"></span>.9<span class=\"_ _383\"> </span></span></div><div class=\"t m0 hd ff1 fs7 fc3 sc0 ls11 ws2 gsc7e\">T<span class=\"_ _8\"></span>ax in relation to future periods pr<span class=\"_ _6\"></span>epaid<span class=\"_ _34e\"> </span><span class=\"ff2 ls7e ws16\">1.0<span class=\"_ _1cc\"> </span><span class=\"ls2 ws2\">\u2013 <span class=\"_ _63\"> </span></span>1.0<span class=\"_ _383\"> </span></span></div><div class=\"t m0 hc ff2 fs7 fc3 sc0 ls11 ws2 gsc7f\">T<span class=\"_ _8\"></span>ax paid<span class=\"_ _34f\"> </span><span class=\"lscc wscd\">142<span class=\"_ _1\"></span>.0<span class=\"_ _1c2\"> </span></span><span class=\"ws6e\">0.<span class=\"_ _1\"></span>5<span class=\"_ _a9\"> </span><span class=\"ls6f ws75\">142.5<span class=\"_ _383\"> </span></span></span></div><div class=\"t m0 h8 ff1 fs5 fc3 sc0 lse ws71 gsc80\">2021<span class=\"_ _383\"> </span></div><div class=\"t m0 h8 ff1 fs5 fc3 sc0 lse ws71 gsc81\">UK<span class=\"_ _383\"> </span></div><div class=\"t m0 h8 ff1 fs5 fc3 sc0 lse ws71 gsc82\">\u00a3m<span class=\"_ _383\"> </span></div><div class=\"t m0 h8 ff1 fs5 fc3 sc0 lse ws71 gsc83\">India<span class=\"_ _383\"> </span></div><div class=\"t m0 h8 ff1 fs5 fc3 sc0 lse ws71 gsc84\">\u00a3m<span class=\"_ _383\"> </span></div><div class=\"t m0 h8 ff1 fs5 fc3 sc0 lse1 wse5 gsc85\">To<span class=\"_ _1\"></span>t<span class=\"_ _2\"></span>a<span class=\"_ _1\"></span>l<span class=\"_ _383\"> </span></div><div class=\"t m0 h8 ff1 fs5 fc3 sc0 lse ws71 gsc86\">\u00a3m<span class=\"_ _383\"> </span></div><div class=\"t m0 hd ff1 fs7 fc3 sc0 ls11 ws2 gsc87\">T<span class=\"_ _8\"></span>ax charge<span class=\"_ _350\"> </span><span class=\"ls86 wsf1\">11<span class=\"_ _2\"></span>8<span class=\"_ _1\"></span>.9<span class=\"_ _8b\"> </span><span class=\"lsd7 wsd7\">0<span class=\"_ _1\"></span>.4<span class=\"_ _96\"> </span><span class=\"lsf8 wsfd\">1<span class=\"_ _2\"></span>1<span class=\"_ _1\"></span>9.<span class=\"_ _0\"></span>3<span class=\"_ _383\"> </span></span></span></span></div><div class=\"t m0 hd ff1 fs7 fc3 sc0 ls11 ws2 gsc88\"><span class=\"_ _383\">Effects of:<span class=\"_ _383\"> </span></span></div><div class=\"t m0 hd ff1 fs7 fc3 sc0 ls11 ws2 gsc89\"><span class=\"_ _383\">Other timing differences</span><span class=\"_ _351\"> </span><span class=\"lsf8 wsfd\">9.<span class=\"_ _2\"></span>6<span class=\"_ _53\"> </span><span class=\"lsed wsf2\">(<span class=\"_ _1\"></span>0<span class=\"_ _1\"></span>.1<span class=\"_ _1\"></span>)<span class=\"_ _63\"> </span></span>9.<span class=\"_ _2\"></span>5<span class=\"_ _383\"> </span></span></div><div class=\"t m0 hd ff1 fs7 fc3 sc0 ls11 ws2 gsc8a\">T<span class=\"_ _8\"></span>ax outside of pro<span class=\"_ _6\"></span>\ufb01t or loss<span class=\"_ _24e\"> </span><span class=\"ls12 wsf\">(1.3)<span class=\"_ _20e\"> </span></span><span class=\"ls2\">\u2013 <span class=\"_ _d0\"> </span><span class=\"ls12 wsf\">(1.<span class=\"_ _1\"></span>3)<span class=\"_ _383\"> </span></span></span></div><div class=\"t m0 hd ff1 fs7 fc3 sc0 ls11 ws2 gsc8b\">Current period t<span class=\"_ _6\"></span>ax paid in prior years<span class=\"_ _352\"> </span><span class=\"lsf8 wsfd\">(<span class=\"_ _1\"></span>9.<span class=\"_ _1\"></span>1<span class=\"_ _2\"></span>)<span class=\"_ _3f\"> </span></span><span class=\"ls2\">\u2013 <span class=\"_ _57\"> </span><span class=\"lsf8 wsfd\">(<span class=\"_ _1\"></span>9.<span class=\"_ _1\"></span>1<span class=\"_ _2\"></span>)<span class=\"_ _383\"> </span></span></span></div><div class=\"t m0 hd ff1 fs7 fc3 sc0 ls11 ws2 gsc8c\">T<span class=\"_ _8\"></span>ax in relation to future periods pr<span class=\"_ _6\"></span>epaid<span class=\"_ _353\"> </span><span class=\"lsed wsf2\">(<span class=\"_ _1\"></span>1<span class=\"_ _1\"></span>.1<span class=\"_ _1\"></span>)<span class=\"_ _20e\"> </span></span><span class=\"ls2\">\u2013 <span class=\"_ _1c2\"> </span><span class=\"lsed wsf2\">(<span class=\"_ _1\"></span>1<span class=\"_ _1\"></span>.1<span class=\"_ _2\"></span>)<span class=\"_ _383\"> </span></span></span></div><div class=\"t m0 hd ff1 fs7 fc3 sc0 ls11 ws2 gsc8d\">T<span class=\"_ _8\"></span>ax paid<span class=\"_ _354\"> </span><span class=\"lsc8 wsc8\">1<span class=\"_ _2\"></span>1<span class=\"_ _2\"></span>7.<span class=\"_ _0\"></span>0<span class=\"_ _8b\"> </span><span class=\"ls9f wsbc\">0.3<span class=\"_ _55\"> </span></span>1<span class=\"_ _0\"></span>1<span class=\"_ _2\"></span>7.<span class=\"_ _0\"></span>3<span class=\"_ _383\"> </span></span></div>",
   "dimensions": {
    "concept": "ifrs-full:DisclosureOfGeographicalAreasExplanatory",
    "language": "en",
    "entity": "scheme:213800ZBKL9BHSL2K459",
    "period": "2022-01-01T00:00:00/2023-01-01T00:00:00"
   }
  },
  "fact-542": {
   "value": "<div class=\"t m0 hc ff2 fs7 fc2 sc0 ls2 ws2 gsace\"><span class=\"_ _383\">51.\u2002Events af</span><span class=\"_ _1\"></span>ter t<span class=\"_ _1\"></span>he re<span class=\"_ _1\"></span>po<span class=\"_ _1\"></span>rt<span class=\"_ _1\"></span>ing dat<span class=\"_ _1\"></span>e<span class=\"_ _383\"> </span></div><div class=\"t m0 hd ff1 fs7 fc3 sc0 ls11 ws2 gsb54\">The Board has authorised a shar<span class=\"_ _6\"></span>e repurchase o<span class=\"_ _6\"></span>f up to \u00a3150.<span class=\"_ _6\"></span>0m of shares in the mark<span class=\"_ _8\"></span>et from 17 March 2<span class=\"_ _6\"></span>023. The Company has authority to mak<span class=\"_ _8\"></span>e </div><div class=\"t m0 hd ff1 fs7 fc3 sc0 ls11 ws2 gsacf\">such purchases under a resolution appr<span class=\"_ _6\"></span>ov<span class=\"_ _6\"></span>ed by shareholder<span class=\"_ _6\"></span>s at the AGM on 11 May 2<span class=\"_ _6\"></span>023. Any pur<span class=\"_ _6\"></span>chases made under this programme will be </div><div class=\"t m0 hd ff1 fs7 fc3 sc0 ls11 ws2 gsad0\">announced to the mark<span class=\"_ _8\"></span>et each day in line with regulatory requir<span class=\"_ _6\"></span>ements<span class=\"_ _6\"></span>.<span class=\"_ _383\"> </span></div>",
   "dimensions": {
    "concept": "ifrs-full:DisclosureOfEventsAfterReportingPeriodExplanatory",
    "language": "en",
    "entity": "scheme:213800ZBKL9BHSL2K459",
    "period": "2022-01-01T00:00:00/2023-01-01T00:00:00"
   }
  },
  "fact-543": {
   "value": "<div class=\"t m0 hc ff2 fs7 fc2 sc0 ls2 ws2 gsacf\"><span class=\"_ _383\">52.\u2002Co</span><span class=\"_ _1\"></span>ntro<span class=\"_ _1\"></span>lling p<span class=\"_ _1\"></span>ar<span class=\"_ _1\"></span>ty<span class=\"_ _383\"> </span></div><div class=\"t m0 hd ff1 fs7 fc3 sc0 ls11 ws2 gsad0\">As at 31 December 2022 there w<span class=\"_ _6\"></span>as no controlling party of the ultimate par<span class=\"_ _6\"></span>ent company of the Group<span class=\"_ _6\"></span>, OSB GROUP PL<span class=\"_ _8\"></span>C<span class=\"_ _6\"></span>.<span class=\"_ _383\"> </span></div>",
   "dimensions": {
    "concept": "osbgroupplc:DisclosureOfControllingParty",
    "language": "en",
    "entity": "scheme:213800ZBKL9BHSL2K459",
    "period": "2022-01-01T00:00:00/2023-01-01T00:00:00"
   }
  },
  "fact-586": {
   "value": "<div class=\"t m0 hc ff2 fs7 fc2 sc0 ls2 ws2 gscb5\"><span class=\"_ _383\">53.\u2002T</span><span class=\"_ _6\"></span>rans<span class=\"_ _1\"></span>act<span class=\"_ _1\"></span>ion<span class=\"_ _1\"></span>s with key man<span class=\"_ _1\"></span>age<span class=\"_ _1\"></span>me<span class=\"_ _1\"></span>nt pe<span class=\"_ _1\"></span>rso<span class=\"_ _1\"></span>nnel<span class=\"_ _383\"> </span></div><div class=\"t m0 hd ff1 fs7 fc3 sc0 ls11 ws2 gse7\">All related party transactions w<span class=\"_ _8\"></span>ere made on terms equivalent to those that pr<span class=\"_ _6\"></span>evail in arm<span class=\"_ _8\"></span>\u2019<span class=\"_ _8\"></span>s length transactions. During the year<span class=\"_ _1f6\"></span>, there wer<span class=\"_ _6\"></span>e no </div><div class=\"t m0 hd ff1 fs7 fc3 sc0 ls11 ws2 gse8\">related party transactions be<span class=\"_ _6\"></span>tween the k<span class=\"_ _8\"></span>ey management personnel and the Group other than as described belo<span class=\"_ _6\"></span>w<span class=\"_ _8\"></span>.<span class=\"_ _383\"> </span></div><div class=\"t m0 hd ff1 fs7 fc3 sc0 ls11 ws2 gse9\">The Director<span class=\"_ _6\"></span>s and Group Executiv<span class=\"_ _6\"></span>e team are considere<span class=\"_ _6\"></span>d to be k<span class=\"_ _6\"></span>ey management per<span class=\"_ _6\"></span>sonnel.<span class=\"_ _383\"> </span></div><div class=\"t m0 hd ff1 fs7 fc3 sc0 ls11 ws2 gseb\">Director<span class=\"_ _6\"></span>s<span class=\"_ _8\"></span>\u2019 remuneration is disclosed in note 10 and in the Dir<span class=\"_ _6\"></span>ectors<span class=\"_ _8\"></span>\u2019 Remuneration R<span class=\"_ _6\"></span>eport on page 142. The Group Executiv<span class=\"_ _6\"></span>e team are all </div><div class=\"t m0 hd ff1 fs7 fc3 sc0 ls11 ws2 gsec\">employees of OSB<span class=\"_ _6\"></span>, the table below sho<span class=\"_ _6\"></span>ws their aggre<span class=\"_ _6\"></span>gate remuner<span class=\"_ _6\"></span>ation:<span class=\"_ _383\"> </span></div><div class=\"t m0 h3a ff2 fs5 fc3 sc0 lse ws71 gscb6\">2022<span class=\"_ _383\"> </span></div><div class=\"t m0 h3a ff2 fs5 fc3 sc0 lse ws71 gscb7\">\u00a3\u2019000<span class=\"_ _383\"> </span></div><div class=\"t m0 h8 ff1 fs5 fc3 sc0 lse ws71 gscb8\">2021<span class=\"_ _383\"> </span></div><div class=\"t m0 h8 ff1 fs5 fc3 sc0 lse ws71 gscb9\">\u00a3\u2019000<span class=\"_ _383\"> </span></div><div class=\"t m0 hd ff1 fs7 fc3 sc0 ls11 ws2 gscba\">Short-term employee bene\ufb01ts<span class=\"_ _35f\"> </span><span class=\"ff2 ls24 ws21\">4,<span class=\"_ _6\"></span>000<span class=\"_ _3d\"> </span><span class=\"ff1 ls89 wscc\">5<span class=\"_ _2\"></span>,1<span class=\"_ _1\"></span>4<span class=\"_ _1\"></span>4<span class=\"_ _1\"></span> </span></span></div><div class=\"t m0 hd ff1 fs7 fc3 sc0 ls11 ws2 gscbb\">Post-employment bene<span class=\"_ _6\"></span>\ufb01ts<span class=\"_ _22a\"> </span><span class=\"ff2 ls12 wsf\">62<span class=\"_ _23f\"> </span></span><span class=\"ls6f ws75\">44 </span></div><div class=\"t m0 hd ff1 fs7 fc3 sc0 ls11 ws2 gscbc\">Share-based payment<span class=\"_ _6\"></span>s<span class=\"_ _34f\"> </span><span class=\"ff2 lse5 wsea\">2<span class=\"_ _2\"></span>,6<span class=\"_ _1\"></span>67<span class=\"_ _5c\"> </span></span><span class=\"lsd7 wsd7\">2<span class=\"_ _1\"></span>,41<span class=\"_ _1\"></span>4</span></div><div class=\"t m0 hd ff1 fs7 fc3 sc0 ls2 ws2 gscbd\"> <span class=\"_ _22d\"> </span><span class=\"ff2 ls33 ws30\">6,72<span class=\"_ _1\"></span>9<span class=\"_ _18d\"> </span></span>7<span class=\"_ _1f6\"></span>,602 </div><div class=\"t m0 hd ff1 fs7 fc3 sc0 ls11 ws2 gscbe\">K<span class=\"_ _6\"></span>ey management personnel and connected per<span class=\"_ _6\"></span>sons held deposits with the Group of \u00a32.<span class=\"_ _8\"></span>1m (2021: \u00a3<span class=\"_ _6\"></span>0.<span class=\"_ _9\"></span>9m)<span class=\"_ _383\"> </span>.<span class=\"_ _383\"> </span></div>",
   "dimensions": {
    "concept": "ifrs-full:DisclosureOfTransactionsBetweenRelatedPartiesExplanatory",
    "language": "en",
    "entity": "scheme:213800ZBKL9BHSL2K459",
    "period": "2022-01-01T00:00:00/2023-01-01T00:00:00"
   }
  },
  "fact-601": {
   "value": "<span class=\"_ _383\">53.\u2002T</span><span class=\"_ _6\"></span>rans<span class=\"_ _1\"></span>act<span class=\"_ _1\"></span>ion<span class=\"_ _1\"></span>s with key man<span class=\"_ _1\"></span>age<span class=\"_ _1\"></span>me<span class=\"_ _1\"></span>nt pe<span class=\"_ _1\"></span>rso<span class=\"_ _1\"></span>nnel<span class=\"_ _383\"> </span>All related party transactions w<span class=\"_ _8\"></span>ere made on terms equivalent to those that pr<span class=\"_ _6\"></span>evail in arm<span class=\"_ _8\"></span>\u2019<span class=\"_ _8\"></span>s length transactions. During the year<span class=\"_ _1f6\"></span>, there wer<span class=\"_ _6\"></span>e no related party transactions be<span class=\"_ _6\"></span>tween the k<span class=\"_ _8\"></span>ey management personnel and the Group other than as described belo<span class=\"_ _6\"></span>w<span class=\"_ _8\"></span>.<span class=\"_ _383\"> </span>The Director<span class=\"_ _6\"></span>s and Group Executiv<span class=\"_ _6\"></span>e team are considere<span class=\"_ _6\"></span>d to be k<span class=\"_ _6\"></span>ey management per<span class=\"_ _6\"></span>sonnel.<span class=\"_ _383\"> </span>Director<span class=\"_ _6\"></span>s<span class=\"_ _8\"></span>\u2019 remuneration is disclosed in note 10 and in the Dir<span class=\"_ _6\"></span>ectors<span class=\"_ _8\"></span>\u2019 Remuneration R<span class=\"_ _6\"></span>eport on page 142. The Group Executiv<span class=\"_ _6\"></span>e team are all employees of OSB<span class=\"_ _6\"></span>, the table below sho<span class=\"_ _6\"></span>ws their aggre<span class=\"_ _6\"></span>gate remuner<span class=\"_ _6\"></span>ation:<span class=\"_ _383\"> </span>2022<span class=\"_ _383\"> </span>\u00a3\u2019000<span class=\"_ _383\"> </span>2021<span class=\"_ _383\"> </span>\u00a3\u2019000<span class=\"_ _383\"> </span>Short-term employee bene\ufb01ts<span class=\"_ _35f\"> </span><span class=\"ff2 ls24 ws21\">4,<span class=\"_ _6\"></span>000<span class=\"_ _3d\"> </span><span class=\"ff1 ls89 wscc\">5<span class=\"_ _2\"></span>,1<span class=\"_ _1\"></span>4<span class=\"_ _1\"></span>4<span class=\"_ _1\"></span> </span></span>Post-employment bene<span class=\"_ _6\"></span>\ufb01ts<span class=\"_ _22a\"> </span><span class=\"ff2 ls12 wsf\">62<span class=\"_ _23f\"> </span></span><span class=\"ls6f ws75\">44 </span>Share-based payment<span class=\"_ _6\"></span>s<span class=\"_ _34f\"> </span><span class=\"ff2 lse5 wsea\">2<span class=\"_ _2\"></span>,6<span class=\"_ _1\"></span>67<span class=\"_ _5c\"> </span></span><span class=\"lsd7 wsd7\">2<span class=\"_ _1\"></span>,41<span class=\"_ _1\"></span>4</span> <span class=\"_ _22d\"> </span><span class=\"ff2 ls33 ws30\">6,72<span class=\"_ _1\"></span>9<span class=\"_ _18d\"> </span></span>7<span class=\"_ _1f6\"></span>,602 K<span class=\"_ _6\"></span>ey management personnel and connected per<span class=\"_ _6\"></span>sons held deposits with the Group of \u00a32.<span class=\"_ _8\"></span>1m (2021: \u00a3<span class=\"_ _6\"></span>0.<span class=\"_ _9\"></span>9m)<span class=\"_ _383\"> </span>.<span class=\"_ _383\"> </span>",
   "dimensions": {
    "concept": "ifrs-full:DisclosureOfRelatedPartyExplanatory",
    "language": "en",
    "entity": "scheme:213800ZBKL9BHSL2K459",
    "period": "2022-01-01T00:00:00/2023-01-01T00:00:00"
   }
  },
  "fact-544": {
   "value": "<div class=\"t m0 hc ff2 fs7 fc2 sc0 ls2 ws2 gscc0\"><span class=\"_ _383\">54.\u2002Cap</span><span class=\"_ _1\"></span>ital man<span class=\"_ _1\"></span>age<span class=\"_ _1\"></span>ment<span class=\"_ _383\"> </span></div><div class=\"t m0 hd ff1 fs7 fc3 sc0 ls11 ws2 gscc1\">The Group<span class=\"_ _8\"></span>\u2019<span class=\"_ _6\"></span>s capital management appr<span class=\"_ _6\"></span>oach is to pro<span class=\"_ _6\"></span><span class=\"_ _383\">vide a sufficient capital base t</span><span class=\"_ _6\"></span>o cover business risk<span class=\"_ _8\"></span>s and suppor<span class=\"_ _1\"></span>t future business </div><div class=\"t m0 hd ff1 fs7 fc3 sc0 ls11 ws2 gscc2\">dev<span class=\"_ _6\"></span>elopment. The Group r<span class=\"_ _6\"></span>emained, throughout the year<span class=\"_ _1f6\"></span>, compliant with its capital requir<span class=\"_ _6\"></span>ements as set out by the PRA, the Gr<span class=\"_ _6\"></span>oup<span class=\"_ _6\"></span>\u2019<span class=\"_ _8\"></span>s primary </div><div class=\"t m0 hd ff1 fs7 fc3 sc0 ls11 ws2 gscc3\">prudential supervisor<span class=\"_ _8\"></span>.<span class=\"_ _383\"> </span></div><div class=\"t m0 hd ff1 fs7 fc3 sc0 ls11 ws2 gscc4\">The Group manages and reports its capital at a number o<span class=\"_ _6\"></span>f lev<span class=\"_ _6\"></span>els including Group le<span class=\"_ _6\"></span>vel and for the tw<span class=\"_ _6\"></span>o regulated banking en<span class=\"_ _6\"></span>tities within <span class=\"ls2\"> </span></div><div class=\"t m0 hd ff1 fs7 fc3 sc0 ls11 ws2 gscc5\">the Group, on an individual consolidation and on an individual basis<span class=\"_ _6\"></span>. The capital position of the tw<span class=\"_ _6\"></span>o regulate<span class=\"_ _6\"></span>d banking entities are not <span class=\"ls2\"> </span></div><div class=\"t m0 hd ff1 fs7 fc3 sc0 ls11 ws2 gscc6\">separately disclosed.<span class=\"_ _383\"> </span></div><div class=\"t m0 hd ff1 fs7 fc3 sc0 ls11 ws2 gscc7\">The Group<span class=\"_ _8\"></span>\u2019<span class=\"_ _6\"></span>s capital management is based on the thr<span class=\"_ _6\"></span>ee \u2018<span class=\"_ _6\"></span>pillars<span class=\"_ _1f6\"></span>\u2019 of Basel II. </div><div class=\"t m0 hd ff1 fs7 fc3 sc0 ls11 ws2 gscc8\">Under Pillar 1, the Group calculates its minimum c<span class=\"_ _6\"></span>apital requiremen<span class=\"_ _6\"></span>ts based on 8% of risk<span class=\"_ _8\"></span>-weight<span class=\"_ _6\"></span>ed assets.<span class=\"_ _383\"> </span></div><div class=\"t m0 hd ff1 fs7 fc3 sc0 ls11 ws2 gscc9\">Under Pillar 2, the Group, and it<span class=\"_ _6\"></span>s regulated en<span class=\"_ _6\"></span>tities, complete an annual self-assessmen<span class=\"_ _6\"></span>t of risk<span class=\"_ _6\"></span>s known as the IC<span class=\"_ _6\"></span>AAP<span class=\"_ _8\"></span>. The PRA applies additional<span class=\"_ _1\"></span> </div><div class=\"t m0 hd ff1 fs7 fc3 sc0 ls11 ws2 gscca\">requiremen<span class=\"_ _6\"></span>ts to this assessment amoun<span class=\"_ _6\"></span>t to cov<span class=\"_ _6\"></span>er risk<span class=\"_ _6\"></span>s under Pillar 2 to generate a T<span class=\"_ _1f6\"></span>otal Capital Requir<span class=\"_ _6\"></span>ement. Further<span class=\"_ _8\"></span><span class=\"_ _383\">, the PRA sets capital buffers </span></div><div class=\"t m0 hd ff1 fs7 fc3 sc0 ls11 ws2 gsccb\">and the Group applies for imposition o<span class=\"_ _6\"></span>f the requiremen<span class=\"_ _6\"></span>ts and modi\ufb01cation of rules incorpor<span class=\"_ _6\"></span><span class=\"_ _383\">ating the capital buffers and Pillar 2 pur</span><span class=\"_ _6\"></span>suant to the </div><div class=\"t m0 hd ff1 fs7 fc3 sc0 ls11 ws2 gsccc\">Financial Services and Markets A<span class=\"_ _6\"></span>ct 2000<span class=\"_ _6\"></span>. </div><div class=\"t m0 hd ff1 fs7 fc3 sc0 ls11 ws2 gsccd\">Pillar 3 requires \ufb01rms t<span class=\"_ _6\"></span>o publish a set of disclosures which allo<span class=\"_ _6\"></span>w mark<span class=\"_ _8\"></span>et par<span class=\"_ _1\"></span>ticipants to assess inf<span class=\"_ _6\"></span>ormation on the Group<span class=\"_ _8\"></span>\u2019<span class=\"_ _6\"></span>s capital, risk exposur<span class=\"_ _6\"></span>es </div><div class=\"t m0 hd ff1 fs7 fc3 sc0 ls11 ws2 gscce\">and risk assessment process<span class=\"_ _6\"></span>. The Group<span class=\"_ _8\"></span>\u2019<span class=\"_ _6\"></span>s Pillar 3 disclosures can be found on the Gr<span class=\"_ _6\"></span>oup<span class=\"_ _8\"></span>\u2019<span class=\"_ _6\"></span>s website<span class=\"_ _6\"></span>.<span class=\"_ _383\"> </span></div><div class=\"t m0 hd ff1 fs7 fc3 sc0 ls11 ws2 gsccf\">Basel III came into f<span class=\"_ _6\"></span>orce through CRD IV<span class=\"_ _1f6\"></span>. Basel III complements and enhances Basel I and II with additional safety measures<span class=\"_ _6\"></span>. Basel III changed </div><div class=\"t m0 hd ff1 fs7 fc3 sc0 ls11 ws2 gscd0\">de\ufb01nitions of r<span class=\"_ _6\"></span>egulatory capital, intr<span class=\"_ _6\"></span>oduced new capit<span class=\"_ _6\"></span><span class=\"_ _383\">al buffers</span><span class=\"_ _6\"></span>, a non-risk adjusted le<span class=\"_ _6\"></span>ver<span class=\"_ _6\"></span>age ratio<span class=\"_ _6\"></span>, liquidity ratios and modi\ufb01e<span class=\"_ _6\"></span>d the way </div><div class=\"t m0 hd ff1 fs7 fc3 sc0 ls11 ws2 gscd1\">regulatory capit<span class=\"_ _6\"></span>al is calculated. </div><div class=\"t m0 hd ff1 fs7 fc3 sc0 ls11 ws2 gscd2\">The PRA issued, on 30th Nov<span class=\"_ _8\"></span>ember 2022, a consultation paper on the implementing Basel 3.<span class=\"_ _8\"></span>1 in the UK. The Group has tak<span class=\"_ _8\"></span>en acc<span class=\"_ _1\"></span>ount of this in </div><div class=\"t m0 hd ff1 fs7 fc3 sc0 ls11 ws2 gscd3\">planning for future capit<span class=\"_ _6\"></span>al requiremen<span class=\"_ _6\"></span>ts.<span class=\"_ _383\"> </span></div><div class=\"t m0 hd ff1 fs7 fc3 sc0 ls11 ws2 gscd4\">The ultimate responsibility for c<span class=\"_ _6\"></span>apital adequacy res<span class=\"_ _6\"></span>ts with the Board of Dir<span class=\"_ _6\"></span>ectors<span class=\"_ _6\"></span>. The Group<span class=\"_ _8\"></span>\u2019<span class=\"_ _6\"></span>s AL<span class=\"_ _8\"></span>CO is responsible for the management of the </div><div class=\"t m0 hd ff1 fs7 fc3 sc0 ls11 ws2 gscd5\">capital process within the risk appetite de\ufb01ne<span class=\"_ _6\"></span>d by the Board, including appro<span class=\"_ _6\"></span>ving policy, ov<span class=\"_ _6\"></span>erseeing int<span class=\"_ _6\"></span>ernal controls and setting int<span class=\"_ _6\"></span>ernal limits </div><div class=\"t m0 hd ff1 fs7 fc3 sc0 ls11 ws2 gscd6\">ov<span class=\"_ _6\"></span>er capital ratios<span class=\"_ _8\"></span>.<span class=\"_ _383\"> </span></div><div class=\"t m0 hd ff1 fs7 fc3 sc0 ls11 ws2 gscd7\">The Group activ<span class=\"_ _6\"></span>ely manages its capital position and reports this on a regular basis t<span class=\"_ _6\"></span>o the Board and senior management via the AL<span class=\"_ _1f6\"></span>CO and other<span class=\"_ _1\"></span> </div><div class=\"t m0 hd ff1 fs7 fc3 sc0 ls11 ws2 gscd8\">gov<span class=\"_ _6\"></span>ernance committees. Capital re<span class=\"_ _6\"></span>quirements ar<span class=\"_ _6\"></span>e included within budgets<span class=\"_ _6\"></span>, forecas<span class=\"_ _6\"></span>ts and str<span class=\"_ _6\"></span>ategic plans with initiatives being e<span class=\"_ _6\"></span>xecuted agains<span class=\"_ _6\"></span>t </div><div class=\"t m0 hd ff1 fs7 fc3 sc0 ls11 ws2 gscbe\">this plan. </div>The Group<span class=\"_ _8\"></span>\u2019<span class=\"_ _6\"></span>s Pillar 1 capital information is pr<span class=\"_ _6\"></span>esented belo<span class=\"_ _8\"></span>w:<span class=\"_ _383\"> </span>(Unaudited) 2022<span class=\"_ _383\"> </span>\u00a3m<span class=\"_ _383\"> </span>(Unaudited) 2021<span class=\"_ _383\"> </span>\u00a3m<span class=\"_ _383\"> </span>CET1 capital<span class=\"_ _2d6\"> </span><span class=\"ls2\"> </span>Called up share capital <span class=\"_ _1cf\"> </span><span class=\"ff2 ws6e\">4.3<span class=\"_ _e5\"> </span></span><span class=\"ls88 wse3\">4.<span class=\"_ _1\"></span>5<span class=\"_ _383\"> </span></span>Share premium, capit<span class=\"_ _6\"></span>al contribution and share-based paymen<span class=\"_ _6\"></span>t reserve<span class=\"_ _fe\"> </span><span class=\"ff2 lscd wsce\">15.<span class=\"_ _1\"></span>6<span class=\"_ _1c2\"> </span></span><span class=\"lsed wsf2\">1<span class=\"_ _1\"></span>4<span class=\"_ _1\"></span>.1<span class=\"_ _383\"> </span></span>Retained earnings<span class=\"_ _21f\"> </span><span class=\"ff2 lsf9 ws82\">3,389<span class=\"_ _8\"></span>.4<span class=\"_ _7f\"> </span><span class=\"ff1 lsed wsf2\">3<span class=\"_ _1\"></span>,<span class=\"_ _2\"></span>2<span class=\"_ _1\"></span>1<span class=\"_ _1\"></span>5<span class=\"_ _2\"></span>.1<span class=\"_ _383\"> </span></span></span>T<span class=\"_ _8\"></span>ransfer r<span class=\"_ _6\"></span>eserve<span class=\"_ _226\"> </span><span class=\"ff2 lse3 wse7\">(1,355.<span class=\"_ _6\"></span>1)<span class=\"_ _aa\"> </span><span class=\"ff1 ls12 wsf\">(1,<span class=\"_ _1\"></span>3<span class=\"_ _1\"></span>55.<span class=\"_ _1\"></span>3)<span class=\"_ _383\"> </span></span></span>Other reserves<span class=\"_ _28a\"> </span><span class=\"ff2 ls7f wse1\">(3<span class=\"_ _1\"></span>.<span class=\"_ _1\"></span>2)<span class=\"_ _9d\"> </span></span><span class=\"ls88 wse3\">(4.<span class=\"_ _1\"></span>0)<span class=\"_ _383\"> </span></span>T<span class=\"_ _8\"></span>otal equity attributable to or<span class=\"_ _6\"></span>dinary shareholders<span class=\"_ _219\"> </span><span class=\"ff2 ls7e ws16\">2,0<span class=\"_ _1\"></span>51.0<span class=\"_ _76\"> </span></span><span class=\"lsd7 wsd7\">1<span class=\"_ _2\"></span>,<span class=\"_ _1\"></span>8<span class=\"_ _1\"></span>7<span class=\"_ _2\"></span>4<span class=\"_ _1\"></span>.4<span class=\"_ _383\"> </span></span>Foreseeable dividends1<span class=\"_ _383\"> </span>(14<span class=\"_ _1\"></span>4.0)<span class=\"_ _a9\"> </span><span class=\"ff1 ls88 wse3\">(9<span class=\"_ _1\"></span>4.7<span class=\"_ _2\"></span>)<span class=\"_ _383\"> </span></span>IFRS 9 transitional adjus<span class=\"_ _6\"></span>tment<span class=\"_ _383\"> </span>2<span class=\"_ _383\"> </span>1.4<span class=\"_ _5f\"> </span><span class=\"ff1 ls86 wsf1\">2<span class=\"_ _2\"></span>.9<span class=\"_ _383\"> </span></span>CO<span class=\"_ _6\"></span>VID-19 ECL<span class=\"_ _6\"></span> transitional adjustmen<span class=\"_ _6\"></span>t3<span class=\"_ _383\"> </span>2<span class=\"_ _1\"></span>5<span class=\"_ _1\"></span>.9<span class=\"_ _57\"> </span><span class=\"ff1 ls11 ws6e\">19<span class=\"_ _8\"></span>.0<span class=\"_ _383\"> </span></span>Deductions from CET1 capital<span class=\"_ _1dd\"> </span><span class=\"ls2\"> <span class=\"_ _21a\"> </span><span class=\"ff1\"> </span></span>Prudent valuation adjus<span class=\"_ _6\"></span>tment<span class=\"ls2\"><span class=\"_ _383\">4</span><span class=\"_ _29c\"> </span><span class=\"ff2 lscb wscb\">(1.<span class=\"_ _1\"></span>0)<span class=\"_ _4f\"> </span></span><span class=\"ls7f wse1\">(1<span class=\"_ _1\"></span>.0)<span class=\"_ _383\"> </span></span></span>Intangible assets<span class=\"_ _360\"> </span><span class=\"ff2 ls7e ws16\">(12.0)<span class=\"_ _3d\"> </span></span><span class=\"lsd7 wsd7\">(<span class=\"_ _1\"></span>1<span class=\"_ _2\"></span>8<span class=\"_ _1\"></span>.4)<span class=\"_ _383\"> </span></span>Deferred t<span class=\"_ _6\"></span>ax asset<span class=\"_ _1a6\"> </span><span class=\"ff2 ls88 wse3\">(0.<span class=\"_ _1\"></span>6)<span class=\"_ _9d\"> </span></span><span class=\"lscc wscd\">(0.5<span class=\"_ _1\"></span>)<span class=\"_ _383\"> </span></span>CET1 capital<span class=\"_ _220\"> </span><span class=\"lscd wsce\">1,920.7<span class=\"_ _122\"> </span><span class=\"ff1 ls9f wsbc\">1,781.7<span class=\"_ _383\"> </span></span></span>A<span class=\"_ _8\"></span>T1 capital<span class=\"_ _361\"> </span><span class=\"ls2\"> <span class=\"_ _21a\"> </span><span class=\"ff1\"> </span></span>A<span class=\"_ _8\"></span>T1 securities<span class=\"_ _2db\"> </span><span class=\"ff2 ls7e ws16\">15<span class=\"_ _1\"></span>0.0<span class=\"_ _18d\"> </span></span><span class=\"ls9f wsbc\">150.0<span class=\"_ _383\"> </span></span>T<span class=\"_ _8\"></span>otal Tier 1 capital<span class=\"_ _362\"> </span><span class=\"lse5 wsea\">2<span class=\"_ _1\"></span>,0<span class=\"_ _1\"></span>70.<span class=\"_ _1\"></span>7<span class=\"_ _83\"> </span><span class=\"ff1 ls9f wsbc\">1,931.7<span class=\"_ _383\"> </span></span></span>T<span class=\"_ _8\"></span>otal regulatory capital<span class=\"_ _54\"> </span><span class=\"lse5 wsea\">2<span class=\"_ _1\"></span>,0<span class=\"_ _1\"></span>70.<span class=\"_ _1\"></span>7<span class=\"_ _83\"> </span><span class=\"ff1 ls9f wsbc\">1,931.7<span class=\"_ _383\"> </span></span></span>Risk<span class=\"_ _6\"></span>-weighted assets (unaudited)<span class=\"_ _363\"> </span><span class=\"ls22 ws1f\">10<span class=\"_ _1\"></span>,4<span class=\"_ _1\"></span>9<span class=\"_ _1\"></span>4.<span class=\"_ _1\"></span>7<span class=\"_ _74\"> </span><span class=\"ff1 lsf8 wsfd\">9,<span class=\"_ _1\"></span>1<span class=\"_ _2\"></span>0<span class=\"_ _2\"></span>1<span class=\"_ _1\"></span>.<span class=\"_ _2\"></span>6<span class=\"_ _383\"> </span></span></span>1. <span class=\"_ _41\"> </span> <span class=\"_ _23\"></span>2<span class=\"_ _1\"></span>022 in<span class=\"_ _1\"></span>cl<span class=\"_ _1\"></span>ud<span class=\"_ _1\"></span>es s<span class=\"_ _1\"></span>p<span class=\"_ _1\"></span>ec<span class=\"_ _1\"></span>ial d<span class=\"_ _1\"></span>iv<span class=\"_ _1\"></span>id<span class=\"_ _1\"></span>en<span class=\"_ _1\"></span>d of \u00a3<span class=\"_ _1\"></span>50.<span class=\"_ _1\"></span>3m (\u00a35<span class=\"_ _1\"></span>0.0<span class=\"_ _1\"></span>m ann<span class=\"_ _1\"></span>ou<span class=\"_ _1\"></span>nc<span class=\"_ _1\"></span>e<span class=\"_ _1\"></span>d by th<span class=\"_ _1\"></span>e Bo<span class=\"_ _1\"></span>ar<span class=\"_ _1\"></span>d ro<span class=\"_ _1\"></span>un<span class=\"_ _1\"></span>de<span class=\"_ _1\"></span>d up o<span class=\"_ _1\"></span>n a pe<span class=\"_ _1\"></span>nc<span class=\"_ _1\"></span>e p<span class=\"_ _1\"></span>er s<span class=\"_ _1\"></span>har<span class=\"_ _1\"></span>e ba<span class=\"_ _1\"></span>si<span class=\"_ _1\"></span>s tot<span class=\"_ _1\"></span>als \u00a3<span class=\"_ _1\"></span>50.<span class=\"_ _1\"></span>3m).<span class=\"_ _383\"> </span>2. <span class=\"_ _34\"> </span>Th<span class=\"_ _1\"></span>e re<span class=\"_ _1\"></span>gu<span class=\"_ _1\"></span>la<span class=\"_ _1\"></span>tor<span class=\"_ _1\"></span>y ca<span class=\"_ _1\"></span>pit<span class=\"_ _1\"></span>al in<span class=\"_ _1\"></span>cl<span class=\"_ _1\"></span>ud<span class=\"_ _1\"></span>es a \u00a3<span class=\"_ _1\"></span>1.4m ad<span class=\"_ _1\"></span>d-b<span class=\"_ _1\"></span>a<span class=\"_ _1\"></span>ck un<span class=\"_ _1\"></span>de<span class=\"_ _1\"></span>r IF<span class=\"_ _1\"></span>RS 9 tr<span class=\"_ _1\"></span>ans<span class=\"_ _1\"></span>iti<span class=\"_ _1\"></span>on<span class=\"_ _1\"></span>al ar<span class=\"_ _1\"></span>ra<span class=\"_ _1\"></span>ng<span class=\"_ _1\"></span>em<span class=\"_ _1\"></span>ent<span class=\"_ _1\"></span>s. T<span class=\"_ _1\"></span>hi<span class=\"_ _1\"></span>s re<span class=\"_ _1\"></span>pr<span class=\"_ _1\"></span>es<span class=\"_ _1\"></span>ent<span class=\"_ _1\"></span>s 25<span class=\"_ _1\"></span>.0% of t<span class=\"_ _1\"></span>he I<span class=\"_ _1\"></span>FRS 9 tr<span class=\"_ _1\"></span>an<span class=\"_ _1\"></span>sit<span class=\"_ _1\"></span>ion<span class=\"_ _1\"></span>al a<span class=\"_ _1\"></span>dju<span class=\"_ _1\"></span>s<span class=\"_ _1\"></span>tme<span class=\"_ _1\"></span>nt b<span class=\"_ _1\"></span>oo<span class=\"_ _1\"></span>ked d<span class=\"_ _1\"></span>ire<span class=\"_ _1\"></span>c<span class=\"_ _1\"></span>tly to ret<span class=\"_ _1\"></span>ain<span class=\"_ _1\"></span>e<span class=\"_ _1\"></span>d ea<span class=\"_ _1\"></span>rni<span class=\"_ _1\"></span>ng<span class=\"_ _1\"></span>s of \u00a35<span class=\"_ _1\"></span>.9m.<span class=\"_ _383\"> </span>3. <span class=\"_ _34\"> </span> <span class=\"_ _7\"></span>Th<span class=\"_ _1\"></span>e COV<span class=\"_ _1\"></span>ID<span class=\"_ _1\"></span>-19 ECL tra<span class=\"_ _1\"></span>ns<span class=\"_ _1\"></span>iti<span class=\"_ _1\"></span>on<span class=\"_ _1\"></span>al ad<span class=\"_ _1\"></span>ju<span class=\"_ _1\"></span>stm<span class=\"_ _1\"></span>en<span class=\"_ _1\"></span>t re<span class=\"_ _1\"></span>lat<span class=\"_ _1\"></span>es t<span class=\"_ _1\"></span>o 75% of t<span class=\"_ _1\"></span>he G<span class=\"_ _1\"></span>ro<span class=\"_ _1\"></span>up\u2019s incr<span class=\"_ _1\"></span>e<span class=\"_ _1\"></span>as<span class=\"_ _1\"></span>e in s<span class=\"_ _1\"></span>tag<span class=\"_ _1\"></span>e 1 an<span class=\"_ _1\"></span>d sta<span class=\"_ _1\"></span>ge 2 E<span class=\"_ _1\"></span>CL fo<span class=\"_ _1\"></span>ll<span class=\"_ _1\"></span>ow<span class=\"_ _1\"></span>ing t<span class=\"_ _1\"></span>he i<span class=\"_ _1\"></span>mp<span class=\"_ _1\"></span>ac<span class=\"_ _1\"></span>ts of C<span class=\"_ _1\"></span>OVI<span class=\"_ _1\"></span>D<span class=\"_ _1\"></span>-19 and fo<span class=\"_ _1\"></span>r wh<span class=\"_ _1\"></span>ic<span class=\"_ _1\"></span>h transitional rules are being adopte<span class=\"_ _1\"></span>d for regulatory capital purposes<span class=\"_ _1\"></span>.<span class=\"_ _383\"> </span>4. <span class=\"_ _34\"> </span> <span class=\"_ _23\"></span>T<span class=\"_ _1\"></span>h<span class=\"_ _1\"></span>e Gro<span class=\"_ _1\"></span>up h<span class=\"_ _1\"></span>as a<span class=\"_ _1\"></span>do<span class=\"_ _1\"></span>pte<span class=\"_ _1\"></span>d th<span class=\"_ _1\"></span>e si<span class=\"_ _1\"></span>mp<span class=\"_ _1\"></span>li\ufb01<span class=\"_ _1\"></span>ed a<span class=\"_ _1\"></span>pp<span class=\"_ _1\"></span>ro<span class=\"_ _1\"></span>ac<span class=\"_ _1\"></span>h un<span class=\"_ _1\"></span>de<span class=\"_ _1\"></span>r the P<span class=\"_ _1\"></span>ru<span class=\"_ _1\"></span>de<span class=\"_ _1\"></span>nt Valu<span class=\"_ _1\"></span>ati<span class=\"_ _1\"></span>on r<span class=\"_ _1\"></span>ul<span class=\"_ _1\"></span>es<span class=\"_ _1\"></span>, re<span class=\"_ _1\"></span>co<span class=\"_ _1\"></span>gn<span class=\"_ _1\"></span>isi<span class=\"_ _1\"></span>ng a d<span class=\"_ _1\"></span>e<span class=\"_ _1\"></span>duc<span class=\"_ _1\"></span>ti<span class=\"_ _1\"></span>on e<span class=\"_ _1\"></span>qu<span class=\"_ _1\"></span>al to s<span class=\"_ _1\"></span>um of a<span class=\"_ _1\"></span>bs<span class=\"_ _1\"></span>ol<span class=\"_ _1\"></span>ute va<span class=\"_ _1\"></span>lu<span class=\"_ _1\"></span>e to 0.1% of fair v<span class=\"_ _1\"></span>alu<span class=\"_ _1\"></span>e as<span class=\"_ _1\"></span>s<span class=\"_ _1\"></span>et<span class=\"_ _1\"></span>s <span class=\"_ _383\">and liabilities excluding offsetting fair</span><span class=\"_ _6\"></span>-valued assets and liabilities. The mov<span class=\"_ _6\"></span>ement in CET1 during the year w<span class=\"_ _6\"></span>as as follo<span class=\"_ _6\"></span>ws:<span class=\"_ _383\"> </span>(Unaudited) 2022<span class=\"_ _383\"> </span>\u00a3m<span class=\"_ _383\"> </span>(Unaudited) 2021<span class=\"_ _383\"> </span>\u00a3m<span class=\"_ _383\"> </span>At 1 January<span class=\"_ _183\"> </span><span class=\"ff2 ls14 ws11\">1,781.7<span class=\"_ _69\"> </span></span><span class=\"ls1f ws1c\">1,566.<span class=\"_ _6\"></span>0<span class=\"_ _383\"> </span></span>Mov<span class=\"_ _6\"></span>ement in ret<span class=\"_ _6\"></span>ained earnings<span class=\"_ _1ef\"> </span><span class=\"ff2 ls12 wsf\">174.3<span class=\"_ _8e\"> </span></span><span class=\"ls9f wsbc\">1,60<span class=\"_ _1\"></span>6.5<span class=\"_ _383\"> </span></span>Share premium fr<span class=\"_ _6\"></span>om Sharesav<span class=\"_ _6\"></span>e Scheme vesting<span class=\"_ _56\"> </span><span class=\"ff2 lscd wsce\">1.7<span class=\"_ _e5\"> </span></span><span class=\"ls9f wsbc\">0.7<span class=\"_ _383\"> </span></span>Mov<span class=\"_ _6\"></span>ement in other reserves<span class=\"_ _51\"> </span><span class=\"ff2 ws6e\">0.<span class=\"_ _1\"></span>6<span class=\"_ _121\"> </span></span><span class=\"ls2c ws29\">(1,349<span class=\"_ _1f6\"></span>.7<span class=\"_ _1\"></span>)<span class=\"_ _383\"> </span></span>Mov<span class=\"_ _6\"></span>ement in for<span class=\"_ _6\"></span>eseeable dividends<span class=\"_ _112\"> </span><span class=\"ff2 lsc6 wsc5\">(<span class=\"_ _2\"></span>4<span class=\"_ _2\"></span>9.<span class=\"_ _2\"></span>3<span class=\"_ _1\"></span>)<span class=\"_ _91\"> </span></span><span class=\"lsf8 wsfd\">(<span class=\"_ _2\"></span>2<span class=\"_ _2\"></span>9.<span class=\"_ _2\"></span>8<span class=\"_ _2\"></span>)<span class=\"_ _383\"> </span></span>IFRS 9 transitional adjus<span class=\"_ _6\"></span>tment<span class=\"_ _364\"> </span><span class=\"ff2 ls87 wsc6\">(1.5<span class=\"_ _1\"></span>)<span class=\"_ _9d\"> </span></span><span class=\"lsc7 ws7f\">(2<span class=\"_ _1\"></span>.0)<span class=\"_ _383\"> </span></span>CO<span class=\"_ _6\"></span>VID-19 ECL<span class=\"_ _6\"></span> transitional adjustmen<span class=\"_ _6\"></span>t<span class=\"_ _365\"> </span><span class=\"ff2 lsc5 wsc4\">6<span class=\"_ _1\"></span>.9<span class=\"_ _9d\"> </span></span><span class=\"ls7f wse1\">(<span class=\"_ _1\"></span>12.0)<span class=\"_ _383\"> </span></span>Mov<span class=\"_ _6\"></span>ement in prudent v<span class=\"_ _6\"></span>aluation adjustment<span class=\"_ _209\"> </span><span class=\"ff2 ls2\">-<span class=\"_ _d0\"> </span></span><span class=\"lsc7 ws7f\">(<span class=\"_ _1\"></span>0.<span class=\"_ _1\"></span>6)<span class=\"_ _383\"> </span></span>Net decrease in int<span class=\"_ _6\"></span>angible assets<span class=\"_ _349\"> </span><span class=\"ff2 ls81 wsdf\">6.4<span class=\"_ _15e\"> </span></span><span class=\"ls2\">2.<span class=\"_ _1\"></span>2<span class=\"_ _383\"> </span></span>Mov<span class=\"_ _6\"></span>ement in def<span class=\"_ _6\"></span>erred tax asset for c<span class=\"_ _6\"></span>arried forwar<span class=\"_ _6\"></span>d losses<span class=\"_ _2ac\"> </span><span class=\"ff2 lsc3 wsc2\">(<span class=\"_ _1\"></span>0<span class=\"_ _1\"></span>.1<span class=\"_ _1\"></span>)<span class=\"_ _1b4\"> </span></span><span class=\"lsd7 wsd7\">0<span class=\"_ _1\"></span>.4<span class=\"_ _383\"> </span></span>At 31 December<span class=\"_ _2e3\"> </span><span class=\"lscd wsce\">1,<span class=\"_ _6\"></span>920.7<span class=\"_ _74\"> </span><span class=\"ff1 ls9f wsbc\">1,781.7</span></span>",
   "dimensions": {
    "concept": "ifrs-full:DisclosureOfObjectivesPoliciesAndProcessesForManagingCapitalExplanatory",
    "language": "en",
    "entity": "scheme:213800ZBKL9BHSL2K459",
    "period": "2022-01-01T00:00:00/2023-01-01T00:00:00"
   }
  },
  "fact-12": {
   "value": "OSB House<span class=\"_ _383\"> </span>Quayside<span class=\"_ _383\"> </span>Chatham Maritime<span class=\"_ _383\"> </span>Chatham<span class=\"_ _383\"> </span>K<span class=\"_ _6\"></span>ent, ME4 4Q<span class=\"_ _6\"></span>Z<span class=\"_ _383\"> </span>United Kingdom",
   "dimensions": {
    "concept": "ifrs-full:AddressOfRegisteredOfficeOfEntity",
    "language": "en",
    "entity": "scheme:213800ZBKL9BHSL2K459",
    "period": "2022-01-01T00:00:00/2023-01-01T00:00:00"
   }
  },
  "fact-13": {
   "value": "OSB GROUP PL<span class=\"_ _8\"></span>C",
   "dimensions": {
    "concept": "ifrs-full:NameOfReportingEntityOrOtherMeansOfIdentification",
    "language": "en",
    "entity": "scheme:213800ZBKL9BHSL2K459",
    "period": "2022-01-01T00:00:00/2023-01-01T00:00:00"
   }
  },
  "fact-478": {
   "value": "PL<span class=\"_ _8\"></span>C",
   "dimensions": {
    "concept": "ifrs-full:LegalFormOfEntity",
    "language": "en",
    "entity": "scheme:213800ZBKL9BHSL2K459",
    "period": "2022-01-01T00:00:00/2023-01-01T00:00:00"
   }
  }
 }
}