Segmental analysis

6 Months Ended

Jun. 30, 2026

6. Segmental analysis

The business is organised into the following reportable segments: Retail Banking, Private Banking & Wealth Management, Commercial & Institutional and Central items & other.

Analysis of operating profit/(loss) before tax

The following tables provide a segmental analysis of operating profit/(loss) before tax by the main income statement captions.


			Private Banking &
	Retail		Wealth		Commercial &		Central items &
	Banking		Management		Institutional		other		Total
Half year ended 30 June 2026	£m		£m		£m		£m		£m
Net interest income	3,165		398		3,367		(40)		6,890
Net fees and commissions	265		178		871		3		1,317
Other non-interest income	8		19		391		237		655
Total income	3,438		595		4,629		200		8,862
Depreciation and amortisation	(13)		(1)		(62)		(489)		(565)
Other operating expenses	(1,416)		(376)		(2,146)		382		(3,556)
Impairment losses	(280)		(6)		(137)		—		(423)
Operating profit	1,729		212		2,284		93		4,318

Half year ended 30 June 2025
Net interest income	2,922		363		2,955		(120)		6,120
Net fees and commissions	213		159		865		3		1,240
Other non-interest income	(1)		17		469		140		625
Total income	3,134		539		4,289		23		7,985
Depreciation and amortisation	—		—		(71)		(486)		(557)
Other operating expenses	(1,423)		(359)		(2,080)		401		(3,461)
Impairment losses	(226)		(1)		(154)		(1)		(382)
Operating profit/(loss)	1,485		179		1,984		(63)		3,585

Total revenue (1)


				Private Banking &
		Retail		Wealth		Commercial &		Central items &
		Banking		Management		Institutional		other		Total
Half year ended 30 June 2026		£m		£m		£m		£m		£m
External		5,312		634		6,631		2,831		15,408
Inter-segmental		7		691		(665)		(33)		—
Total		5,319		1,325		5,966		2,798		15,408

Half year ended 30 June 2025
External		4,916		617		6,729		2,644		14,906
Inter-segmental		6		774		(794)		14		—
Total		4,922		1,391		5,935		2,658		14,906

(1)	Total revenue comprises interest receivable, fees and commissions receivable, income from trading activities and other operating income.

6. Segmental analysis continued

Total assets and liabilities


				Private Banking &
		Retail		Wealth		Commercial &		Central items &
		Banking		Management		Institutional		other		Total
30 June 2026		£m		£m		£m		£m		£m
Assets		247,472		32,899		422,116		42,880		745,367
Liabilities		205,933		42,139		377,800		75,667		701,539

31 December 2025
Assets		240,259		30,457		391,869		51,968		714,553
Liabilities		206,398		42,895		354,499		68,148		671,940

Analysis of net fees and commissions


		Private Banking
	Retail	& Wealth	Commercial	Central items
	Banking	Management	& Institutional	& other	Total
Half year ended 30 June 2026	£m	£m	£m	£m	£m
Fees and commissions receivable
- Payment services	191	19	358	—	568
- Credit and debit card fees	207	10	133	—	350
- Lending and financing	8	4	385	—	397
- Brokerage	68	6	25	—	99
- Investment management, trustee and fiduciary services	2	148	27	8	185
- Underwriting fees	—	—	93	—	93
- Other	10	3	19	(14)	18
Total	486	190	1,040	(6)	1,710
Fees and commissions payable	(221)	(12)	(169)	9	(393)
Net fees and commissions	265	178	871	3	1,317

Half year ended 30 June 2025
Fees and commissions receivable
- Payment services	176	20	355	—	551
- Credit and debit card fees	203	10	133	—	346
- Lending and financing	8	4	370	—	382
- Brokerage	19	5	28	—	52
- Investment management, trustee and fiduciary services	1	126	25	10	162
- Underwriting fees	—	—	88	—	88
- Other	5	2	28	(8)	27
Total	412	167	1,027	2	1,608
Fees and commissions payable	(199)	(8)	(162)	1	(368)
Net fees and commissions	213	159	865	3	1,240