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Loan impairment provisions | 6 Months Ended
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Jun. 30, 2022
Loan impairment provisions |
Loan impairment provisions | Notes 11. Loan impairment provisions Loan exposure and impairment metrics The table below summarises loans and related credit impairment measures on an IFRS 9 basis. ​
​ | ​ | ​ | ​ | ​
​ |  | 30 June | ​ | 31 December
​ | ​ | 2022 | ​ | 2021
​ | ​ | £m | ​ | £m
Loans - amortised cost and FVOCI |  | ​ | ​ |
Stage 1 |  | 342,121 | ​ | 330,824
Stage 2 |  | 28,505 | ​ | 33,981
Stage 3 |  | 5,816 | ​ | 5,022
Of which: individual | ​ | 1,162 | ​ | 1,215
Of which: collective |  | 4,654 | ​ | 3,807
​ | ​ | 376,442 | ​ | 369,827
ECL provisions (1) |  | ​ | ​ | ​
Stage 1 |  | 408 | ​ | 302
Stage 2 |  | 1,122 | ​ | 1,478
Stage 3 |  | 1,985 | ​ | 2,026
Of which: individual | ​ | 304 | ​ | 363
Of which: collective | ​ | 1,681 | ​ | 1,663
​ |  | 3,515 | ​ | 3,806
ECL provisions coverage (2) |  | ​ | ​ | ​
Stage 1 (%) | ​ | 0.12 | ​ | 0.09
Stage 2 (%) | ​ | 3.94 | ​ | 4.35
Stage 3 (%) | ​ | 34.13 | ​ | 40.34
​ |  | 0.93 | ​ | 1.03
​ | ​ | ​ | ​ | ​
​ | ​ | Half year ended
​ | ​ | 30 June | ​ | 30 June
​ | ​ | 2022 | ​ | 2021
​ | ​ | £m | ​ | £m
Impairment losses |  | ​ | ​ | ​
ECL (release)/charge (3) | ​ | (54) | ​ | (683)
Stage 1 | ​ | (342) | ​ | (662)
Stage 2 | ​ | 205 | ​ | (114)
Stage 3 | ​ | 83 | ​ | 93
Of which: individual | ​ | (1) | ​ | (25)
Of which: collective | ​ | 84 | ​ | 118
​ |  | ​ | ​ | ​
Amounts written off |  | 215 | ​ | 517
Of which: individual | ​ | 58 | ​ | 256
Of which: collective |  | 157 | ​ | 261
​
(1) | Includes £3 million (31 December 2021 - £5 million) related to assets classified as FVOCI.
(2) | ECL provisions coverage is calculated as ECL provisions divided by loans. It is calculated on third party loans and total ECL provisions.
(3) | Includes a £2 million release (30 June 2021 – £4 million charge) related to other financial assets, of which nil (30 June 2021 – nil) related to assets classified as FVOCI; and £3 million (30 June 2021 - £2 million) related to contingent liabilities.
(4) | The table shows gross loans only and excludes amounts that are outside the scope of the ECL framework. Refer to page 34 for Financial instruments within the scope of the IFRS 9 ECL framework for further details. Other financial assets within the scope of the IFRS 9 ECL framework were cash and balances at central banks totalling £178.4 billion (31 December 2021 – £176.3 billion) and debt securities of £38.6 billion (31 December 2021 – £44.9 billion).

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- Definition The disclosure of the reconciliation of changes in the loss allowance and explanation of changes in the gross carrying amount for financial instruments. Loss allowance is the allowance for expected credit losses on financial assets measured in accordance with paragraph 4.1.2 of IFRS 9, lease receivables and contract assets, the accumulated impairment amount for financial assets measured in accordance with paragraph 4.1.2A of IFRS 9 and the provision for expected credit losses on loan commitments and financial guarantee contracts. [Refer: Gross carrying amount [member]] + References Reference 1: http://www.xbrl.org/2003/role/disclosureRef -Name IFRS -Number 7 -IssueDate 2021-01-01 -Paragraph 35H -URI http://eifrs.ifrs.org/eifrs/xifrs-link?type=IFRS&num=7&code=ifrs-tx-2021-en-r&anchor=para_35H&doctype=Standard -URIDate 2021-03-24 Reference 2: http://www.xbrl.org/2003/role/disclosureRef -Name IFRS -Number 7 -IssueDate 2021-01-01 -Paragraph 35I -URI http://eifrs.ifrs.org/eifrs/xifrs-link?type=IFRS&num=7&code=ifrs-tx-2021-en-r&anchor=para_35I&doctype=Standard -URIDate 2021-03-24 + Details
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