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Loan impairment provisions (Tables) | 12 Months Ended
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Dec. 31, 2023
Loan impairment provisions |
Schedule of loan exposure and impairment metrics | ​
​ | ​ | ​ | ​ | ​
​ | ​ | 2023 | ​ | 2022
​ |  | £m |  | £m
Loans - amortised cost and FVOCI |  |  |  |
Stage 1 |  | 348,586 |  | 325,224
Stage 2 |  | 37,891 |  | 46,833
Stage 3 |  | 5,563 |  | 5,096
Of which: individual | ​ | 1,031 | ​ | 1,121
Of which: collective |  | 4,532 |  | 3,975
​ | ​ | 392,040 | ​ | 377,153
ECL provisions (1) |  | ​ |  | ​
- Stage 1 |  | 709 |  | 632
- Stage 2 |  | 976 |  | 1,043
- Stage 3 |  | 1,960 |  | 1,759
Of which: individual | ​ | 332 | ​ | 287
Of which: collective | ​ | 1,628 | ​ | 1,472
​ |  | 3,645 |  | 3,434
ECL provision coverage (2) |  | ​ |  | ​
- Stage 1 (%) | ​ | 0.20 |  | 0.19
- Stage 2 (%) | ​ | 2.58 |  | 2.23
- Stage 3 (%) | ​ | 35.23 |  | 34.52
​ |  | 0.93 |  | 0.91
Continuing operations | ​ | ​ | ​ | ​
Impairment (releases)/losses |  | ​ |  | ​
ECL (release)/charge (3,4) | ​ | 578 | ​ | 337
Stage 1 | ​ | (397) | ​ | (290)
Stage 2 | ​ | 645 | ​ | 393
Stage 3 | ​ | 330 | ​ | 234
Of which: individual | ​ | 89 | ​ | 54
Of which: collective | ​ | 241 | ​ | 180
Amounts written off |  | 319 |  | 482
Of which: individual | ​ | 42 | ​ | 168
Of which: collective |  | 277 |  | 314
​
(1) | Includes loans to customers and banks.
(2) | Includes £9 million (2022 - £3 million) related to assets classified as FVOCI and £0.1 billion (2022 - £0.1 billion) related to off-balance sheet exposures.
(3) | ECL provisions coverage is calculated as ECL provisions divided by loans – amortised cost and FVOCI. It is calculated on loans and total ECL provisions, including ECL for other (non-loan) assets and unutilised exposure. Some segments with a high proportion of debt securities or unutilised exposure may result in a not meaningful coverage ratio.
(4) | Includes a £16 million release (2022 - £3 million charge) related to other financial assets, of which £6 million charge (2022 - nil) related to assets classified as FVOCI; and £9 million release (2022 - £5 million release) related to contingent liabilities.
(5) | The table shows gross loans only and excludes amounts that are outside the scope of the ECL framework. Refer to 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 £103.1 billion (2022 – £143.3 billion) and debt securities of £50.1 billion (2022 – £29.9 billion).

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