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Loan impairment provisions (Tables) | 6 Months Ended
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Jun. 30, 2024
Loan impairment provisions |
Schedule of loan exposure and impairment metrics | ​
​ | ​ | ​ | ​ | ​
​ |  | 30 June | ​ | 31 December
​ | ​ | 2024 | ​ | 2023
​ | ​ | £m | ​ | £m
Loans - amortised cost and FVOCI (1,2) |  | ​ | ​ |
Stage 1 |  | 345,847 | ​ | 348,586
Stage 2 |  | 37,288 | ​ | 37,891
Stage 3 |  | 5,812 | ​ | 5,563
Of which: individual | ​ | 1,216 | ​ | 1,031
Of which: collective |  | 4,596 | ​ | 4,532
​ | ​ | 388,947 | ​ | 392,040
ECL provisions (3) |  | ​ | ​ | ​
Stage 1 |  | 585 | ​ | 709
Stage 2 |  | 802 | ​ | 976
Stage 3 |  | 1,956 | ​ | 1,960
Of which: individual | ​ | 366 | ​ | 332
Of which: collective | ​ | 1,590 | ​ | 1,628
​ |  | 3,343 | ​ | 3,645
ECL provisions coverage (4) |  | ​ | ​ | ​
Stage 1 (%) | ​ | 0.17 | ​ | 0.20
Stage 2 (%) | ​ | 2.15 | ​ | 2.58
Stage 3 (%) | ​ | 33.65 | ​ | 35.23
​ |  | 0.86 | ​ | 0.93
​ | ​ | ​ | ​ | ​
​ | ​ | Half year ended
​ | ​ | 30 June | ​ | 30 June
​ | ​ | 2024 | ​ | 2023
​ | ​ | £m | ​ | £m
Impairment losses |  | ​ | ​ | ​
ECL (release)/charge (5) | ​ | 48 | ​ | 223
Stage 1 | ​ | (364) | ​ | (209)
Stage 2 | ​ | 190 | ​ | 296
Stage 3 | ​ | 222 | ​ | 136
Of which: individual | ​ | 80 | ​ | 13
Of which: collective | ​ | 142 | ​ | 123
​ |  | ​ | ​ | ​
Amounts written off |  | 369 | ​ | 122
Of which: individual | ​ | 64 | ​ | 22
Of which: collective |  | 305 | ​ | 100
​
(1) | The table shows gross loans only and excludes amounts that were outside the scope of the ECL framework. Other financial assets within the scope of the IFRS 9 ECL framework were cash and balances at central banks totalling £114.8 billion (31 December 2023 - £103.1 billion) and debt securities of £51.4 billion (31 December 2023 - £50.1 billion).
(2) | Fair value through other comprehensive income (FVOCI). Includes loans to customers and banks.
(3) | Includes £4 million (31 December 2023 - £9 million) related to assets classified as FVOCI and £0.1 billion (31 December 2023 – £0.1 billion) related to off-balance sheet exposures.
(4) | 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 (nm) coverage ratio.
(5) | Includes a £6 million release (June 2023 – £5 million release) related to other financial assets, of which £5 million release (June 2023 – £1 million charge) related to assets classified as FVOCI and includes a £4 million charge (June 2023 - £3 million release) related to contingent liabilities.

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