New Allocation Methodologies for Funding Costs

*A Private Investor is a recipient of the information who meets all of the conditions set out below, the recipient:

Obtains access to the information in a personal capacity;
Is not required to be regulated or supervised by a body concerned with the regulation or supervision of investment or financial services;
Is not currently registered or qualified as a professional securities trader or investment adviser with any national or state exchange, regulatory authority, professional association or recognised professional body;
Does not currently act in any capacity as an investment adviser, whether or not they have at some time been qualified to do so;
Uses the information solely in relation to the management of their personal funds and not as a trader to the public or for the investment of corporate funds;
Does not distribute, republish or otherwise provide any information or derived works to any third party in any manner or use or process information or derived works for any commercial purposes.

Please note, this site uses cookies. Some of the cookies are essential for parts of the site to operate and have already been set. You may delete and block all cookies from this site, but if you do, parts of the site may not work. To find out more about the cookies used on Investegate and how you can manage them, see our Privacy and Cookie Policy

To continue using Investegate, please confirm that you are a private investor as well as agreeing to our Privacy and Cookie Policy & Terms.

	Retail	Wholesale		Commercial		Wealth and Int'l	Insurance		Group Operations		Central items	Group
	£m		£m		£m	£m		£m		£m	£m	£m

Net interest income	3,870		1,171		634	451		(25)		(29)	306	6,378
Other income	884		1,337		218	631		1,319		23	(414)	3,998
Total income	4,754		2,508		852	1,082		1,294		(6)	(108)	10,376
Insurance claims	-		-		-	-		(198)		-	-	(198)
Total income, net of insurance claims	4,754		2,508		852	1,082		1,096		(6)	(108)	10,178
Operating expenses	(2,221)		(1,312)		(471)	(792)		(415)		(56)	(65)	(5,332)
Trading surplus	2,533		1,196		381	290		681		(62)	(173)	4,846
Impairment	(1,173)		(1,557)		(160)	(2,532)		-		-	-	(5,422)
Share of results of joint ventures and associates	3		9		-	-		-		-	-	12
Profit (loss) before tax and fair value unwind	1,363		(352)		221	(2,242)		681		(62)	(173)	(564)
Fair value unwind	544		1,551		26	104		(21)		-	(536)	1,668
Profit (loss) before tax	1,907		1,199		247	(2,138)		660		(62)	(709)	1,104

Banking net interest margin	2.14%		1.64%		4.27%	1.31%						2.12%
Cost:income ratio¹	46.7%		52.3%		55.3%	73.2%		37.9%				52.4%

	Retail	Wholesale		Commercial		Wealth and Int'l	Insurance		Group Operations		Central items	Group
	£m		£m		£m	£m		£m		£m	£m	£m

Net interest income	4,163		1,401		649	509		(142)		(29)	(173)	6,378
Other income	884		1,337		218	631		1,319		23	(414)	3,998
Total income	5,047		2,738		867	1,140		1,177		(6)	(587)	10,376
Insurance claims	-		-		-	-		(198)		-	-	(198)
Total income, net of insurance claims	5,047		2,738		867	1,140		979		(6)	(587)	10,178
Operating expenses	(2,221)		(1,312)		(471)	(792)		(415)		(56)	(65)	(5,332)
Trading surplus	2,826		1,426		396	348		564		(62)	(652)	4,846
Impairment	(1,173)		(1,557)		(160)	(2,532)		-		-	-	(5,422)
Share of results of joint ventures and associates	3		9		-	-		-		-	-	12
Profit (loss) before tax and fair value unwind	1,656		(122)		236	(2,184)		564		(62)	(652)	(564)
Fair value unwind	544		1,551		26	104		(21)		-	(536)	1,668
Profit (loss) before tax	2,200		1,429		262	(2,080)		543		(62)	(1,188)	1,104

Banking net interest margin	2.26%		1.64%		4.35%	1.47%						2.07%
Cost:income ratio¹	44.0%		47.9%		54.3%	69.5%		42.4%				52.4%

	Retail	Wholesale		Commercial		Wealth and Int'l	Insurance	Group Operations		Central items	Group
	£m		£m		£m	£m	£m		£m	£m	£m

Net interest income	4,357		1,408		557	545	(19)		(31)	94	6,911
Other income	836		1,988		227	605	1,320		15	840	5,831
Total income	5,193		3,396		784	1,150	1,301		(16)	934	12,742
Insurance claims	-		-		-	-	(261)		-	-	(261)
Total income, net of insurance claims	5,193		3,396		784	1,150	1,040		(16)	934	12,481
Costs:
Operating expenses	(2,233)		(1,401)		(481)	(744)	(423)		(36)	(117)	(5,435)
Impairment of tangible fixed assets	-		(150)		-	-	-		-	-	(150)
	(2,233)		(1,551)		(481)	(744)	(423)		(36)	(117)	(5,585)
Trading surplus	2,960		1,845		303	406	617		(52)	817	6,896
Impairment	(1,335)		(2,801)		(190)	(2,228)	-		-	-	(6,554)
Share of results of joint ventures and associates	8		(60)		-	(2)	(10)		1	1	(62)
Profit (loss) before tax and fair value unwind	1,633		(1,016)		113	(1,824)	607		(51)	818	280
Fair value unwind	583		1,433		30	164	(21)		-	(866)	1,323
Profit (loss) before tax	2,216		417		143	(1,660)	586		(51)	(48)	1,603

Banking net interest margin	2.33%		1.61%		3.74%	1.50%					2.20%
Cost:income ratio	43.0%		41.3%		61.4%	64.7%	40.7%				43.5%

	Retail	Wholesale		Commercial		Wealth and Int'l	Insurance	Group Operations		Central items	Group
	£m		£m		£m	£m	£m		£m	£m	£m

Net interest income	4,636		1,576		571	596	(136)		(36)	(296)	6,911
Other income	836		1,988		227	605	1,320		15	840	5,831
Total income	5,472		3,564		798	1,201	1,184		(21)	544	12,742
Insurance claims	-		-		-	-	(261)		-	-	(261)
Total income, net of insurance claims	5,472		3,564		798	1,201	923		(21)	544	12,481
Costs:
Operating expenses	(2,233)		(1,401)		(481)	(744)	(423)		(36)	(117)	(5,435)
Impairment of tangible fixed assets	-		(150)		-	-	-		-	-	(150)
	(2,233)		(1,551)		(481)	(744)	(423)		(36)	(117)	(5,585)
Trading surplus	3,239		2,013		317	457	500		(57)	427	6,896
Impairment	(1,335)		(2,801)		(190)	(2,228)	-		-	-	(6,554)
Share of results of joint ventures and associates	8		(60)		-	(2)	(10)		1	1	(62)
Profit (loss) before tax and fair value unwind	1,912		(848)		127	(1,773)	490		(56)	428	280
Fair value unwind	583		1,433		30	164	(21)		-	(866)	1,323
Profit (loss) before tax	2,495		585		157	(1,609)	469		(56)	(438)	1,603

Banking net interest margin	2.44%		1.51%		3.82%	1.65%					2.08%
Cost:income ratio	40.8%		39.3%		60.3%	61.9%	45.8%				43.5%

	Retail	Wholesale		Commercial		Wealth and Int'l	Insurance	Group Operations		Central items	Group
	£m		£m		£m	£m	£m		£m	£m	£m

Net interest income	4,291		1,439		570	505	(20)		(30)	156	6,911
Other income	771		1,691		230	555	1,494		34	(442)	4,333
Total income	5,062		3,130		800	1,060	1,474		4	(286)	11,244
Insurance claims	-		-		-	-	(281)		-	-	(281)
Total income, net of insurance claims	5,062		3,130		800	1,060	1,193		4	(286)	10,963
Operating expenses	(2,411)		(1,351)		(511)	(792)	(431)		(7)	10	(5,493)
Trading surplus	2,651		1,779		289	268	762		(3)	(276)	5,470
Impairment	(1,412)		(1,263)		(192)	(3,760)	-		-	-	(6,627)
Share of results of joint ventures and associates	9		(35)		-	(6)	-		2	1	(29)
Profit (loss) before tax and fair value unwind	1,248		481		97	(3,498)	762		(1)	(275)	(1,186)
Fair value unwind	522		1,616		51	208	(22)		-	(580)	1,795
Profit (loss) before tax	1,770		2,097		148	(3,290)	740		(1)	(855)	609

Banking net interest margin	2.29%		1.57%		3.74%	1.41%					2.22%
Cost:income ratio	47.6%		43.2%		63.9%	74.7%	36.1%				50.1%

NEW allocation METHODOLOGIES for funding costs AND CAPITAL

Companies

UK 100

Latest directors dealings

	Retail	Wholesale		Commercial		Wealth and Int'l	Insurance	Group Operations		Central items	Group
	£m		£m		£m	£m	£m		£m	£m	£m

Net interest income	8,648		2,847		1,127	1,050	(39)		(61)	250	13,822
Other income	1,607		3,679		457	1,160	2,814		49	398	10,164
Total income	10,255		6,526		1,584	2,210	2,775		(12)	648	23,986
Insurance claims	-		-		-	-	(542)		-	-	(542)
Total income, net of insurance claims	10,255		6,526		1,584	2,210	2,233		(12)	648	23,444
Costs:
Operating expenses	(4,644)		(2,752)		(992)	(1,536)	(854)		(43)	(107)	(10,928)
Impairment of tangible fixed assets	-		(150)		-	-	-		-	-	(150)
	(4,644)		(2,902)		(992)	(1,536)	(854)		(43)	(107)	(11,078)
Trading surplus	5,611		3,624		592	674	1,379		(55)	541	12,366
Impairment	(2,747)		(4,064)		(382)	(5,988)	-		-	-	(13,181)
Share of results of joint ventures and associates	17		(95)		-	(8)	(10)		3	2	(91)
Profit (loss) before tax and fair value unwind	2,881		(535)		210	(5,322)	1,369		(52)	543	(906)
Fair value unwind	1,105		3,049		81	372	(43)		-	(1,446)	3,118
Profit (loss) before tax	3,986		2,514		291	(4,950)	1,326		(52)	(903)	2,212

Banking net interest margin	2.31%		1.59%		3.74%	1.46%					2.21%
Cost:income ratio	45.3%		42.2%		62.6%	69.5%	38.2%				46.6%

	Retail	Wholesale		Commercial		Wealth and Int'l	Insurance	Group Operations		Central items	Group
	£m		£m		£m	£m	£m		£m	£m	£m

Net interest income	9,378		3,251		1,175	1,176	(263)		(72)	(823)	13,822
Other income	1,607		3,679		457	1,160	2,814		49	398	10,164
Total income	10,985		6,930		1,632	2,336	2,551		(23)	(425)	23,986
Insurance claims	-		-		-	-	(542)		-	-	(542)
Total income, net of insurance claims	10,985		6,930		1,632	2,336	2,009		(23)	(425)	23,444
Costs:
Operating expenses	(4,644)		(2,752)		(992)	(1,536)	(854)		(43)	(107)	(10,928)
Impairment of tangible fixed assets	-		(150)		-	-	-		-	-	(150)
	(4,644)		(2,902)		(992)	(1,536)	(854)		(43)	(107)	(11,078)
Trading surplus	6,341		4,028		640	800	1,155		(66)	(532)	12,366
Impairment	(2,747)		(4,064)		(382)	(5,988)	-		-	-	(13,181)
Share of results of joint ventures and associates	17		(95)		-	(8)	(10)		3	2	(91)
Profit (loss) before tax and fair value unwind	3,611		(131)		258	(5,196)	1,145		(63)	(530)	(906)
Fair value unwind	1,105		3,049		81	372	(43)		-	(1,446)	3,118
Profit (loss) before tax	4,716		2,918		339	(4,824)	1,102		(63)	(1,976)	2,212

Banking net interest margin	2.46%		1.52%		3.88%	1.63%					2.10%
Cost:income ratio	42.3%		39.7%		60.8%	65.8%	42.5%				46.6%

	Retail	Wholesale		Commercial		Wealth and Int'l	Insurance	Group Operations		Central items	Group
	£m		£m		£m	£m	£m		£m	£m	£m

Net interest income	8,112		1,777		1,088	305	(47)		(61)	250	11,424
Other income	1,583		3,016		455	990	2,650		49	398	9,141
Total income	9,695		4,793		1,543	1,295	2,603		(12)	648	20,565
Insurance claims	-		-		-	-	(542)		-	-	(542)
Total income, net of insurance claims	9,695		4,793		1,543	1,295	2,061		(12)	648	20,023
Operating expenses	(4,637)		(2,191)		(984)	(1,109)	(813)		(43)	(107)	(9,884)
Trading surplus	5,058		2,602		559	186	1,248		(55)	541	10,139
Impairment	(2,629)		(576)		(381)	(26)	-		-	-	(3,612)
Share of results of joint ventures and associates	17		2		-	-	(10)		3	2	14
Profit (loss) before tax and fair value unwind	2,446		2,028		178	160	1,238		(52)	543	6,541
Fair value unwind	965		24		81	30	(43)		-	(1,446)	(389)
Profit (loss) before tax	3,411		2,052		259	190	1,195		(52)	(903)	6,152

Banking net interest margin	2.37%		1.59%		3.86%	3.31%					2.48%
Cost:income ratio	47.8%		45.7%		63.8%	85.6%	39.4%				49.4%

	Retail	Wholesale		Commercial		Wealth and Int'l	Insurance	Group Operations		Central items	Group
	£m		£m		£m	£m	£m		£m	£m	£m

Net interest income	8,844		1,880		1,139	340	(274)		(72)	(823)	11,034
Other income	1,583		3,016		455	990	2,650		49	398	9,141
Total income	10,427		4,896		1,594	1,330	2,376		(23)	(425)	20,175
Insurance claims	-		-		-	-	(542)		-	-	(542)
Total income, net of insurance claims	10,427		4,896		1,594	1,330	1,834		(23)	(425)	19,633
Operating expenses	(4,637)		(2,191)		(984)	(1,109)	(813)		(43)	(107)	(9,884)
Trading surplus	5,790		2,705		610	221	1,021		(66)	(532)	9,749
Impairment	(2,629)		(576)		(381)	(26)	-		-	-	(3,612)
Share of results of joint ventures and associates	17		2		-	-	(10)		3	2	14
Profit (loss) before tax and fair value unwind	3,178		2,131		229	195	1,011		(63)	(530)	6,151
Fair value unwind	965		24		81	30	(43)		-	(1,446)	(389)
Profit (loss) before tax	4,143		2,155		310	225	968		(63)	(1,976)	5,762

Banking net interest margin	2.54%		1.52%		4.02%	3.18%					2.31%
Cost:income ratio	44.5%		44.8%		61.7%	83.4%					50.3%