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Asset transfers (Tables)
12 Months Ended
Dec. 31, 2024
Asset transfers  
Schedule of assets subject to securities repurchase agreements or security lending transactions

    

2024

    

2023

The following assets have failed derecognition (1)

£m

£m

Trading assets

7,708

7,907

Loans to bank - amortised cost

70

10

Loans to customers - amortised cost

45

281

Other financial assets

13,174

8,764

Total

 

20,997

 

16,962

(1)

Associated liabilities were £20,394 million (2023 - £16,522 million).

Schedule of assets pledged as collateral

2024

2023

Assets pledged against liabilities

    

£m 

    

£m 

Trading assets

10,288

10,976

Loans to banks - amortised cost

 

 

63

Loans to customers - amortised cost

 

19,030

 

21,611

Other financial assets (1)

 

4,451

 

6,506

Total

 

33,769

 

39,156

(1)

Includes assets pledged for pension derivatives and £499 million of debt securities under the continuing control of NWB Plc. This follows the agreement between NWB Plc and the Group Pension Fund to establish a bankruptcy remote reservoir trust to hold these assets. Refer to Note 5 for additional information.