7 Impairment charges and other credit provisions

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2007  2006  2005 
£m  £m  £m 
Impairment charges on loans and advances 
– New and increased impairment allowances  2,871  2,722  2,129 
– Releases  (338) (389) (333)
– Recoveries  (227) (259) (222)
Impairment charges on loans and advances  2,306  2,074  1,574 
Other credit provisions 
Charge/(release) in respect of provision for undrawn 
contractually committed facilities and guarantees provided  476  (6) (7)
Impairment charges on loans and advances and other credit provisions  2,782  2,068  1,567 
Impairment on available for sale assets  13  86  4 
Impairment charges and other credit provisions  2,795  2,154  1,571 

An analysis of the impairment charges by class of financial instrument is included in Note ‘Credit risk’.