XML 24 R17.htm IDEA: XBRL DOCUMENT v3.24.2

Loan impairment provisions

6 Months Ended

Jun. 30, 2024

Loan impairment provisions

Loan impairment provisions

10. 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
​	​	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.

X

- 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 2023-01-01
-Paragraph 35H
-URI https://taxonomy.ifrs.org/xifrs-link?type=IFRS&num=7&code=ifrs-tx-2023-en-r&anchor=para_35H&doctype=Standard
-URIDate 2023-03-23

Reference 2: http://www.xbrl.org/2003/role/disclosureRef
-Name IFRS
-Number 7
-IssueDate 2023-01-01
-Paragraph 35I
-URI https://taxonomy.ifrs.org/xifrs-link?type=IFRS&num=7&code=ifrs-tx-2023-en-r&anchor=para_35I&doctype=Standard
-URIDate 2023-03-23

+ Details

Name:	ifrs-full_DisclosureOfReconciliationOfChangesInLossAllowanceAndExplanationOfChangesInGrossCarryingAmountForFinancialInstrumentsExplanatory
Namespace Prefix:	ifrs-full_
Data Type:	dtr-types:textBlockItemType
Balance Type:	na
Period Type:	duration

X

- References

No definition available.

+ Details

Name:	nwg_DisclosureOfLoanImpairmentProvisionsAbstract
Namespace Prefix:	nwg_
Data Type:	xbrli:stringItemType
Balance Type:	na
Period Type:	duration