Average balance sheet

Average balance sheet and net interest income (year ended 31st December)

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			2007					2006				2005
		Average		Average		Average				Average	Average			Average
		balance a	Interest	rate		balance a		Interest		rate	balance a	Interest		rate
		£m	£m	%		£m		£m		%	£m	£m		%
Assets
Loans and advances to banks b
– in offices in the United Kingdom		29,431	1,074	3.6		18,401		647		3.5	14,798	454		3.1
– in offices outside the United Kingdom		12,262	779	6.4		12,278		488		4.0	11,063	403		3.6
Loans and advances to customers b
– in offices in the United Kingdom		205,707	13,027	6.3		184,392		11,247		6.1	172,398	10,229		5.9
– in offices outside the United Kingdom		88,212	6,733	7.6		77,615		4,931		6.4	50,699	2,975		5.9
Lease receivables:
– in offices in the United Kingdom		4,822	283	5.9		5,266		300		5.7	6,521	348		5.3
– in offices outside the United Kingdom		5,861	691	11.8		6,162		595		9.7	1,706	117		6.9
Financial investments:
– in offices in the United Kingdom		37,803	2,039	5.4		41,125		1,936		4.7	43,133	1,755		4.1
– in offices outside the United Kingdom		14,750	452	3.1		14,191		830		5.8	10,349	467		4.5
Reverse repurchase agreements
and cash collateral on
securities borrowed:
– in offices in the United Kingdom		211,709	9,644	4.6		166,713		6,136		3.7	156,292	4,617		3.0
– in offices outside the United Kingdom		109,012	5,454	5.0		100,416		5,040		5.0	92,407	2,724		2.9
Trading portfolio assets:
– in offices in the United Kingdom		120,691	5,926	4.9		106,148		4,166		3.9	81,607	2,710		3.3
– in offices outside the United Kingdom		57,535	3,489	6.1		61,370		2,608		4.2	57,452	2,116		3.7
Total average interest earning assets		897,795	49,591	5.5		794,077		38,924		4.9	698,425	28,915		4.1
Impairment allowances/provisions		(4,435)				(3,565)					(3,105)
Non-interest earning assets		422,834				310,949					278,328
Total average assets and
interest income		1,316,194	49,591	3.8		1,101,461		38,924		3.5	973,648	28,915		3.0
Percentage of total average
interest earning assets in
offices outside the United Kingdom		32.0%				34.3%					32.0%
Total average interest earning assets
related to:
Interest income			49,591	5.5				38,924		4.9		28,915		4.1
Interest expense			(37,892)	4.2				(30,385)		3.8		(20,965)		3.0
			11,699	1.3				8,539		1.1		7,950		1.0

Notes

a

Average balances are based upon daily averages for most UK banking operations and monthly averages elsewhere.

b

Loans and advances to customers and banks include all doubtful lendings, including non-accrual lendings. Interest receivable on such lendings has been included to the extent to which either cash payments have been received or interest has been accrued in accordance with the income recognition policy of the Group.

Average balance sheet and net interest income (year ended 31st December)

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			2007					2006				2005
		Average		Average		Average				Average	Average			Average
		balance a	Interest	rate		balance a		Interest		rate	balance a	Interest		rate
		£m	£m	%		£m		£m		%	£m	£m		%
Liabilities and shareholders’ equity
Deposits by banks:
– in offices in the United Kingdom		63,902	2,511	3.9		62,236		2, 464		4.0	54,801	1,665		3.0
– in offices outside the United Kingdom		27,596	1,225	4.4		23,438		1,137		4.9	21,921	705		3.2
Customer accounts:
demand deposits:
– in offices in the United Kingdom		29,110	858	2.9		25,397		680		2.7	22,593	510		2.3
– in offices outside the United Kingdom		13,799	404	2.9		10,351		254		2.5	6,196	88		1.4
Customer accounts:
savings deposits:
– in offices in the United Kingdom		55,064	2,048	3.7		57,734		1,691		2.9	52,569	1,570		3.0
– in offices outside the United Kingdom		4,848	128	2.6		3,124		74		2.4	1,904	39		2.0
Customer accounts:
other time deposits – retail:
– in offices in the United Kingdom		30,578	1,601	5.2		34,865		1,548		4.4	33,932	1,470		4.3
– in offices outside the United Kingdom		12,425	724	5.8		8,946		482		5.4	6,346	260		4.1
Customer accounts:
other time deposits – wholesale:
– in offices in the United Kingdom		52,147	2,482	4.8		45,930		1,794		3.9	41,745	1,191		2.9
– in offices outside the United Kingdom		24,298	1,661	6.8		23,442		1,191		5.1	12,545	590		4.7
Debt securities in issue:
– in offices in the United Kingdom		41,552	2,053	4.9		47,216		1,850		3.9	46,583	1,631		3.5
– in offices outside the United Kingdom		94,271	5,055	5.4		74,125		3,686		5.0	52,696	1,695		3.2
Dated and undated loan capital
and other subordinated
liabilities principally:
– in offices in the United Kingdom		12,972	763	5.9		13,686		777		5.7	11,286	605		5.4
Repurchase agreements and cash
collateral on securities lent:
– in offices in the United Kingdom		169,272	7,616	4.5		141,862		5,080		3.6	130,767	3,634		2.8
– in offices outside the United Kingdom		118,050	5,051	4.3		86,693		4,311		5.0	80,391	2,379		3.0
Trading portfolio liabilities:
– in offices in the United Kingdom		47,971	2,277	4.7		49,892		2,014		4.0	44,349	1,737		3.9
– in offices outside the United Kingdom		29,838	1,435	4.8		39,064		1,352		3.5	36,538	1,196		3.3
Total average interest bearing
liabilities		827,693	37,892	4.6		748,001		30,385		4.1	657,162	20,965		3.2
Interest free customer deposits:
– in offices in the United Kingdom		34,109				27,549					25,095
– in offices outside the United Kingdom		3,092				2,228					2,053
Other non-interest bearing liabilities		421,473				297,816					267,531