Pillar 3 Disclosures
30 September 2026
Incorporated in England and Wales with registered number 966425 Registered Office: 1 Basinghall Avenue, London, EC2V 5DD, England
Contents
Purpose and basis of preparation
Frequency
Verification
Key prudential metrics
Table 1: Key metrics template (UK KM1)
Table 2: Key metrics - TLAC requirements (at resolution group level) (KM2)
- Capital and leverage
Table 3: Capital base
Table 4: Leverage ratio
Table 5: LRSum: Summary reconciliation of accounting assets and leverage ratio exposures (UK LR1)
Table 6: LRCom: Leverage ratio common disclosure (UK LR2)
Table 7: LRSpl: Split-up of on balance sheet exposures (excluding derivatives, SFTs and exempted exposures) (UK LR3)
Table 8: Overview of risk weighted exposure amounts (UK OV1)
Table 9: Movement analysis for RWA
Table 10: RWEA flow statements of credit risk exposures under the IRB approach (UK CR8)
Table 11: RWEA flow statements of CCR exposures under the IMM (UK CCR7)
Table 12: RWA flow statements of market risk exposures under the IMA (UK MR2-B)
- Liquidity
Table 13: Quantitative information of LCR (UK LIQ1)
- Annex 1 Key metrics - Standard Chartered - Solo Consolidation
Table 14: Standard Chartered - Solo Consolidation - Leverage ratio
- Annex 2 Interest rate risk in the banking book
Table 15: Quantitative information on IRRBB (UK IRRBB1) (Restated)
- Forward looking statements
Purpose and basis of preparation
The Pillar 3 disclosures comprise information on the underlying drivers of risk-weighted assets (RWA), capital, leverage and liquidity ratios as at 30 September 2026 in accordance with the United Kingdom's (UK) onshored Capital Requirements Regulation (CRR) and the Prudential Regulation Authority's (PRA) Rulebook.
The disclosures have been prepared in line with the disclosure templates introduced by the PRA Policy Statement PS22/21 'Implementation of Basel standards: Final rules published in October 2021.
This report presents the quarterly Pillar 3 disclosures of Standard Chartered PLC ('the Group') as at 30 September 2026 and should be read in conjunction with the Group's Q3 2026 Results Statement: Balance sheet, capital and leverage.
The information presented in this Pillar 3 report is not required to be, and has not been, subjected to external audit. Included within Appendix 2 is a restated UK IRRBB1 for 30 June 2026 and 31 December 2025.
FrequencyIn accordance with Group policy the Pillar 3 Disclosures are made quarterly as at 31 March, 30 June, 30 September and 31 December in line with the PRA guidelines on materiality, proprietary and confidentiality and on disclosure frequency under Articles 432(1), 432(2) and 433 of the UK onshored CRR, and the Guidelines on disclosure requirements under Part Eight of the CRR. Disclosures
are published on the Standard Chartered PLC website aligning with the publication date of the Group's Interim, Half Year and Annual Report and Accounts.
VerificationWhilst the 30 September 2026 Pillar 3 Disclosures are not required to be externally audited, the document has been verified internally in accordance with the Group's policies on disclosure and its financial reporting and governance processes. Controls comparable to those for the Group's Q3 2026 Results Statement have been applied to confirm compliance with PRA regulations.
Key prudential metrics Table 1: Key metrics template (UK KM1)30.09.26 $ million | 30.06.26 $ million | 31.03.26 $ million | 31.12.25 $ million | 30.09.25 $ million | |
Available own funds | |||||
1 Common Equity Tier 1 (CET1) capital | 36,442 | 37,003 | 35,616 | 36,440 | 36,594 |
2 Tier 1 capital | 45,524 | 46,088 | 43,707 | 43,949 | 43,109 |
3 Total capital | 53,219 | 55,164 | 52,759 | 53,227 | 52,531 |
Risk-weighted exposure amounts | |||||
4 Total risk-weighted exposure amount | 263,274 | 261,451 | 266,186 | 258,031 | 258,378 |
Risk-based capital ratios as a percentage of RWA | |||||
5 Common Equity Tier 1 ratio (%) | 13.8 | 14.2 | 13.4 | 14.1 | 14.2 |
6 Tier 1 ratio (%) | 17.3 | 17.6 | 16.4 | 17.0 | 16.7 |
7 Total capital ratio (%) | 20.2 | 21.1 | 19.8 | 20.6 | 20.3 |
Additional own funds requirements based on SREP (as a percentage of risk-weighted exposure amount) | |||||
UK 7a Additional CET1 SREP requirements (%) | 1.88 | 1.88 | 1.88 | 1.88 | 1.88 |
UK 7b Additional AT1 SREP requirements (%) | 0.63 | 0.63 | 0.63 | 0.63 | 0.70 |
UK 7c Additional T2 SREP requirements (%) | 0.84 | 0.84 | 0.84 | 0.84 | 0.84 |
UK 7d Total SREP own funds requirements (%) | 11.34 | 11.34 | 11.34 | 11.34 | 11.34 |
8 Capital conservation buffer (%) | 2.50 | 2.50 | 2.50 | 2.50 | 2.50 |
9 Institution specific countercyclical capital buffer (%) | 0.40 | 0.37 | 0.38 | 0.38 | 0.37 |
10 Global Systemically Important Institution buffer (%) | 1.00 | 1.00 | 1.00 | 1.00 | 1.00 |
11 Combined buffer requirement (%) | 3.90 | 3.87 | 3.88 | 3.88 | 3.87 |
UK 11a Overall capital requirements (%) | 15.24 | 15.21 | 15.22 | 15.22 | 15.21 |
12 CET1 available after meeting the total SREP own funds requirements (%) | 7.46 | 7.77 | 7.00 | 7.74 | 7.78 |
UK leverage ratio | |||||
13 Leverage ratio total exposure measure | 991,423 | 980,765 | 953,190 | 938,190 | 936,824 |
14 Leverage ratio (%) | 4.6 | 4.7 | 4.6 | 4.7 | 4.6 |
Additional leverage ratio disclosure requirements | |||||
14a Fully loaded ECL accounting model leverage ratio excluding claims on central banks (%) | 4.6 | 4.7 | 4.6 | 4.7 | 4.6 |
14b Leverage ratio including claims on central banks (%) | 4.2 | 4.2 | 4.2 | 4.3 | 4.2 |
14c Average leverage ratio excluding claims on central banks (%) | 4.5 | 4.6 | 4.5 | 4.6 | 4.6 |
14d Average leverage ratio including claims on central banks (%) | 4.1 | 4.2 | 4.1 | 4.2 | 4.1 |
14e Countercyclical leverage ratio buffer (%) | 0.1 | 0.1 | 0.1 | 0.1 | 0.1 |
Liquidity Coverage Ratio | |||||
15 Total high-quality liquid assets (HQLA) (Weighted value -average) | 189,764 | 189,273 | 187,764 | 185,262 | 182,646 |
UK 16a Cash outflows - Total weighted value | 213,181 | 206,152 | 199,699 | 193,861 | 191,877 |
UK 16b Cash inflows - Total weighted value | 91,726 | 86,050 | 79,478 | 74,049 | 71,495 |
16 Total net cash outflows (adjusted value) | 121,456 | 120,102 | 120,220 | 119,812 | 120,381 |
17 Liquidity coverage ratio (%) | 156.6 | 158.0 | 156.5 | 154.8 | 151.9 |
Net Stable Funding Ratio | |||||
18 Total available stable funding | 495,024 | 484,589 | 475,366 | 464,406 | 450,956 |
19 Total required stable funding | 366,511 | 353,442 | 343,641 | 335,038 | 324,273 |
20 NSFR ratio (%) | 135.1 | 137.2 | 138.4 | 138.6 | 139.0 |
Table 2 shows information about the Group's total loss-absorbing capacity (TLAC) available, and TLAC requirements, applied at the resolution group level under a Single Point of Entry.
Table 2: Key metrics - TLAC requirements (at resolution group level) (KM2)30.09.26 $ million | 30.06.26 $ million | 31.03.26 $ million | 31.12.25 $ million | 30.09.25 $ million | |
Resolution group | |||||
Total loss-absorbing capacity (TLAC) available | 91,079 | 91,941 | 89,768 | 86,461 | 88,130 |
Total RWA at the level of the resolution group | 263,274 | 261,451 | 266,186 | 258,031 | 258,378 |
TLAC as a percentage of RWA (%) | 34.6 | 35.2 | 33.7 | 33.5 | 34.1 |
UK Leverage ratio exposure measure at the level of the resolution group | 991,423 | 980,765 | 953,190 | 938,190 | 936,824 |
TLAC as a percentage of UK Leverage exposure measure (%) | 9.2 | 9.4 | 9.4 | 9.2 | 9.4 |
Does the subordination exemption in the antepenultimate paragraph of Section 11 of the FSB TLAC Term Sheet apply? | Yes | Yes | Yes | Yes | Yes |
Does the subordination exemption in the penultimate paragraph of Section 11 of the FSB TLAC Term Sheet apply? | No | No | No | No | No |
If the capped subordination exemption applies, the amount of funding issued that ranks pari passu with Excluded Liabilities and that is recognised as external TLAC, divided by funding issued that ranks pari passu with Excluded Liabilities and that would be recognised as external TLAC if no cap was applied (%) | N/A | N/A | N/A | N/A | N/A |
30.09.26 | 30.06.26 | 31.12.25 | |
CET1 (%) | 13.8 | 14.2 | 14.1 |
Tier 1 capital (%) | 17.3 | 17.6 | 17.0 |
Total capital (%) | 20.2 | 21.1 | 20.6 |
$ million | $ million | $ million | |
Common Equity Tier 1 (CET1) capital: instruments and reserves | |||
Capital instruments and the related share premium accounts | 5,076 | 5,084 | 5,120 |
Of which: Share premium accounts | 3,989 | 3,989 | 3,989 |
Retained earnings1 | 24,976 | 26,601 | 24,528 |
Accumulated other comprehensive income (and other reserves) | 8,622 | 9,458 | 10,406 |
Minority interests (amount allowed in consolidated CET1) | 237 | 257 | 262 |
Independently reviewed interim and year-end profits2 | 5,398 | 3,658 | 5,100 |
Foreseeable dividends3 | (1,139) | (780) (1,377) | |
Common Equity Tier 1 (CET1) capital before regulatory adjustments | 43,170 | 44,278 | 44,039 |
Common Equity Tier 1 capital: regulatory adjustments | |||
Additional value adjustments | (825) | (746) (693) | |
Intangible assets (net of related tax liability) | (6,541) | (6,328) (6,145) | |
Deferred tax assets that rely on future profitability excluding those arising from temporary differences (net of related tax liability where the conditions in Article 38 (3) CRR are met) | (10) | (19) (15) | |
Fair value reserves related to gains or losses on cash flow hedges of financial instruments that are not valued at fair value | 1,276 | 303 (315) | |
Negative amounts resulting from the calculation of expected loss amounts | (571) | (538) (599) | |
Gains or losses on liabilities valued at fair value resulting from changes in own credit standing | 322 | 395 | 412 |
Defined-benefit pension fund assets | (230) | (224) (149) | |
Fair value gains and losses from own credit risk related to derivative liabilities | (125) | (76) (70) | |
Exposure amount of the following items which qualify for a RW of 1250%, where the institution opts for the deduction alternative | (24) | (42) (25) | |
Of which: securitisation positions | (10) | (10) (11) | |
Of which: free deliveries | (14) | (32) (14) | |
Other regulatory adjustments to CET1 capital (including IFRS 9 transitional adjustments when relevant) | - | - | - |
Total regulatory adjustments to Common Equity Tier 1 (CET1) | (6,728) | (7,275) (7,599) | |
Common Equity Tier 1 (CET1) capital | 36,442 | 37,003 | 36,440 |
Additional Tier 1 (AT1) capital before regulatory adjustments | 9,102 | 9,105 | 7,529 |
Total regulatory adjustments to Additional Tier 1 (AT1) capital | (20) | (20) (20) | |
Tier 1 capital (T1 = CET1 + AT1) | 45,524 | 46,088 | 43,949 |
Tier 2 (T2) capital before regulatory adjustments | 7,725 | 9,106 | 9,308 |
Total regulatory adjustments to Tier 2 (T2) capital | (30) | (30) (30) | |
Tier 2 (T2) capital | 7,695 | 9,076 | 9,278 |
Total capital (TC = T1 + T2) | 53,219 | 55,164 | 53,227 |
Total Risk exposure amount | 263,274 | 261,451 | 258,031 |
Retained earnings include the effect of regulatory consolidation adjustments
Independently reviewed profits are in accordance with regulatory consolidation rules
Foreseeable dividends as at Q3 2026 represent ordinary dividends and preference dividends
The Group's CET1 ratio of 13.8 per cent was 31 basis points lower compared to 30 June 2026 and remains 3.6 percentage points above the Group's current regulatory minimum CET1 requirement. The Group's Pillar 2A requirement will be lower following
a supervisory review and this will lead to a 30 basis points reduction in the Group's CET1 requirement from 1 January 2027.
The 31 basis points reduction in the CET1 ratio during the quarter was primarily driven by shareholder distributions. Growth in RWA led to a further 10 basis point reduction in the CET1 ratio. These factors were partly offset by 67 basis points increase from profit accretion during the quarter.
The Group is part way through the $1.0 billion share buyback programme announced on 29 July 2026, and by 30 September 2026 had spent $484 million purchasing 16 million ordinary shares, reducing the share count by approximately 1 per cent. Although the share buyback was still ongoing as at 30 September 2026, the entire $1.0 billion was deducted from CET1 in the period, equivalent to a 38 basis point reduction in the CET1 ratio.
The Group is accruing the foreseeable dividend in respect of the final 2026 ordinary share dividend in the third quarter.
This is not an indication of the Group's final 2026 ordinary share dividend, which will be proposed by the Board at the presentation of the 2026 full year results. The increase in the foreseeable dividend for ordinary dividend and AT1 coupons reduced the CET1 ratio by 40 basis points.
Leverage RatioThe UK's minimum leverage ratio requirement is maintained at 3.25 per cent and must be met by at least 75 per cent of CET1. Additional buffers based on the countercyclical and global systemically important bank (G-SIB) buffers are set at 35 per cent of their risk-weighted equivalent and must be met with 100 per cent of CET1. The exposure value of derivative contracts will be based on the standardised approach to counterparty credit risk, whilst central bank reserves continue to be excluded from the leverage ratio exposure measure.
The Group's leverage ratio of 4.6 per cent is 11 basis points lower than at 30 June 2026. The Group's leverage ratio remains significantly above its minimum requirement of 3.7 per cent.
Table 4 below presents both the Group's leverage ratios.
Table 4: Leverage ratio30.09.26 $ million | 30.06.26 $ million | 31.12.25 $ million | |
Tier 1 capital (end point) | 45,524 | 46,088 | 43,949 |
Leverage exposure | 991,423 | 980,765 | 938,190 |
Leverage ratio (%) | 4.6 | 4.7 | 4.7 |
Leverage exposure quarterly average | 1,000,024 | 977,419 | 949,214 |
Leverage ratio quarterly average (%) | 4.5 | 4.6 | 4.6 |
Countercyclical leverage ratio buffer (%) | 0.1 | 0.1 | 0.1 |
G-SII additional leverage ratio buffer (%) | 0.4 | 0.4 | 0.4 |
30.09.26 $ million | 30.06.26 $ million | 31.12.25 $ million | |
1 Total assets as per published financial statements | 998,614 | 993,406 | 919,955 |
2 Adjustment for entities which are consolidated for accounting purposes but are outside the scope of prudential consolidation | 2,237 | 2,253 | 2,192 |
3 (Adjustment for securitised exposures that meet the operational requirements for the recognition of risk transference) | - | - | - |
4 (Adjustment for exemption of exposures to central banks) | (99,022) | (104,705) (94,673) | |
5 (Adjustment for fiduciary assets recognised on the balance sheet pursuant to the applicable accounting framework but excluded from the total exposure measure in accordance with point (i) of Article 429a(1) of the CRR) | - | - | - |
6 Adjustment for regular-way purchases and sales of financial assets subject to trade date accounting | (4,057) | (8,444) (4,254) | |
7 Adjustment for eligible cash pooling transactions | - | - | - |
8 Adjustment for derivative financial instruments | (1,149) | (231) | 8,839 |
9 Adjustment for securities financing transactions (SFTs) | 9,189 | 6,828 | 6,715 |
10 Adjustment for off-balance sheet items (i.e. conversion to credit equivalent amounts of off-balance sheet exposures) | 110,997 | 110,336 | 117,341 |
11 (Adjustment for prudent valuation adjustments and specific and general provisions which have reduced tier 1 capital (leverage)) | (1,396) | (1,284) (1,291) | |
UK-11a (Adjustment for exposures excluded from the total exposure measure in accordance with point (c) of Article 429a(1) of the CRR) | - | - | - |
UK-11b (Adjustment for exposures excluded from the total exposure measure in accordance with point (j) of Article 429a(1) of the CRR) | - | - | - |
12 Other adjustments1 | (23,990) | (17,394) (16,634) | |
13 Total exposure measure | 991,423 | 980,765 | 938,190 |
1 Other Adjustments include all Tier 1 capital deductions other than those disclosed in row 11, as well as HK Certificate of Indebtedness effective from July 2026.
Table 6: LRCom: Leverage ratio common disclosure (UK LR2)30.09.26 $ million | 30.06.26 $ million | 31.12.25 $ million | |
On-balance sheet exposures (excluding derivatives and SFTs) | |||
1 On-balance sheet items (excluding derivatives, SFTs, but including collateral) | 799,673 | 799,397 | 756,185 |
2 Gross-up for derivatives collateral provided, where deducted from the balance sheet assets pursuant to the applicable accounting framework | - | - | - |
3 (Deductions of receivables assets for cash variation margin provided in derivatives transactions) | (10,929) | (10,785) (10,011) | |
4 (Adjustment for securities received under securities financing transactions that are recognised as an asset) | - | - | - |
5 (General credit risk adjustments to on-balance sheet items) | - | - | - |
6 (Asset amounts deducted in determining tier 1 capital (leverage)) | (8,350) | (8,039) (8,084) | |
7 Total on-balance sheet exposures (excluding derivatives and SFTs) | 780,394 | 780,573 | 738,090 |
Derivative exposures | |||
8 Replacement cost associated with SA-CCR derivatives transactions (i.e. net of eligible cash variation margin) | 26,483 | 22,821 | 17,685 |
UK-8a Derogation for derivatives: replacement costs contribution under the simplified standardised approach | - | - | - |
9 Add-on amounts for potential future exposure associated with SA-CCR derivatives transactions | 68,066 | 62,160 | 59,656 |
UK-9a Derogation for derivatives: potential future exposure contribution under the simplified standardised approach | - | - | - |
UK-9b Exposure determined under the original exposure method | - | - | - |
10 (Exempted CCP leg of client-cleared trade exposures) (SA-CCR) | (10,948) | (5,555) (5,324) | |
UK-10a (Exempted CCP leg of client-cleared trade exposures) (simplified standardised approach) | - | - | - |
UK-10b (Exempted CCP leg of client-cleared trade exposures) (original exposure method) | - | - | - |
11 Adjusted effective notional amount of written credit derivatives | 22,798 | 27,637 | 24,572 |
12 (Adjusted effective notional offsets and add-on deductions for written credit derivatives) | (19,222) | (25,069) (21,968) | |
13 Total derivatives exposures | 87,177 | 81,994 | 74,621 |
Securities financing transaction exposures | |||
14 Gross SFT assets (with no recognition of netting), after adjustment for sales accounting transactions | 166,148 | 174,705 | 160,963 |
15 (Netted amounts of cash payables and cash receivables of gross SFT assets) | (63,460) | (68,965) (64,868) | |
16 Counterparty credit risk exposure for SFT assets | 9,189 | 6,828 | 6,715 |
UK-16a Derogation for SFTs: counterparty credit risk exposure in accordance with Articles 429e(5) and 222 of the CRR | - | - | - |
17 Agent transaction exposures | - | - | - |
UK-17a (Exempted CCP leg of client-cleared SFT exposures) | - | - | - |
18 Total securities financing transaction exposures | 111,877 | 112,567 | 102,811 |
Other off-balance sheet exposures | |||
19 Off-balance sheet exposures at gross notional amount | 455,192 | 448,021 | 447,113 |
20 (Adjustments for conversion to credit equivalent amounts) | (344,195) | (337,685) (329,772) | |
21 (General provisions deducted in determining tier 1 capital (leverage) and specific provisions associated with off-balance sheet exposures) | - | - | - |
22 Off-balance sheet exposures | 110,997 | 110,336 | 117,341 |
Excluded exposures | |||
UK-22a (Exposures excluded from the total exposure measure in accordance with point (c) of Article 429a(1) of the CRR) | - | - | - |
30.09.26 $ million | 30.06.26 $ million | 31.12.25 $ million | |
UK-22b (Exposures exempted in accordance with point (j) of Article 429a(1) of the CRR (on- and off- balance sheet)) | - | - | - |
UK-22g (Excluded excess collateral deposited at triparty agents) | - | - | - |
UK-22k (Total exempted exposures) | - | - | - |
Capital and total exposures | |||
23 Tier 1 capital (leverage) | 45,524 | 46,088 | 43,949 |
24 Total exposure measure including claims on central banks | 1,090,445 | 1,085,470 | 1,032,863 |
UK-24a (-) Claims on central banks excluded | (99,022) | (104,705) (94,673) | |
UK-24b Total exposure measure excluding claims on central banks | 991,423 | 980,765 | 938,190 |
Leverage ratio | |||
25 Leverage ratio excluding claims on central banks (%) | 4.6 | 4.7 | 4.7 |
UK-25a Fully loaded ECL accounting model leverage ratio excluding claims on central banks (%) | 4.6 | 4.7 | 4.7 |
UK-25b Leverage ratio excluding central bank reserves as if the temporary treatment of unrealised gains and losses measured at fair value through other comprehensive income had not been applied (%) | 4.6 | 4.7 | 4.7 |
UK-25c Leverage ratio including claims on central banks (%) | 4.2 | 4.2 | 4.3 |
26 Regulatory minimum leverage ratio requirement (%) | 3.3 | 3.3 | 3.3 |
Additional leverage ratio disclosure requirements - leverage ratio buffers | |||
27 Leverage ratio buffer (%) | 0.5 | 0.5 | 0.5 |
UK-27a Of which: G-SII or O-SII additional leverage ratio buffer (%) | 0.4 | 0.4 | 0.4 |
UK-27b Of which: countercyclical leverage ratio buffer (%) | 0.1 | 0.1 | 0.1 |
Additional leverage ratio disclosure requirements - disclosure of mean values | |||
28 Mean of daily values of gross SFT assets, after adjustment for sale accounting transactions and netted of amounts of associated cash payables and cash receivable | 104,495 | 101,896 | 100,155 |
29 Quarter-end value of gross SFT assets, after adjustment for sale accounting transactions and netted of amounts of associated cash payables and cash receivables | 102,688 | 105,739 | 96,096 |
UK-31 Average total exposure measure including claims on central banks | 1,099,762 | 1,070,385 | 1,042,790 |
UK-32 Average total exposure measure excluding claims on central banks | 1,000,024 | 977,419 | 949,214 |
UK-33 Average leverage ratio including claims on central banks (%) | 4.1 | 4.2 | 4.2 |
UK-34 Average leverage ratio excluding claims on central banks (%) | 4.5 | 4.6 | 4.6 |
30.09.26 $ million | 30.06.26 $ million | 31.12.25 $ million | |
UK-1 Total on-balance sheet exposures (excluding derivatives, SFTs, and exempted exposures), of which: | 788,728 | 788,612 | 746,174 |
UK-2 Trading book exposures | 150,984 | 160,637 | 125,923 |
UK-3 Banking book exposures, of which: | 637,744 | 627,975 | 620,251 |
UK-4 Covered bonds | 6,323 | 4,443 | 3,056 |
UK-5 Exposures treated as sovereigns | 208,165 | 221,984 | 228,715 |
UK-6 Exposures to regional governments, MDB, international organisations and PSE not treated as sovereigns | 19,619 | 20,100 | 17,098 |
UK-7 Institutions | 49,999 | 48,582 | 48,577 |
UK-8 Secured by mortgages of immovable properties | 93,975 | 89,101 | 88,624 |
UK-9 Retail exposures | 27,782 | 27,396 | 28,307 |
UK-10 Corporates | 167,939 | 154,284 | 146,503 |
UK-11 Exposures in default | 5,621 | 5,832 | 6,658 |
UK-12 Other exposures (e.g. equity, securitisations, and other non-credit obligation assets) | 58,321 | 56,254 | 52,713 |
Table 8 presents the RWA and the regulatory capital requirements calculated at 8 per cent of RWA for each risk type and approach.
30.09.26 | 30.0 | 6.26 | 31.12.25 | |||
Risk-weighted assets $ million | Regulatory capital requirement1 $ million | Risk-weighted assets $ million | Regulatory capital requirement1 $ million | Risk-weighted assets $ million | Regulatory capital requirement1 $ million | |
1 Credit risk (excluding CCR)2 | 160,139 | 12,811 | 157,952 | 12,636 | 159,477 | 12,758 |
2 Of which the standardised approach | 39,935 | 3,195 | 39,441 | 3,155 | 37,456 | 2,996 |
4 Of which slotting approach | 5,998 | 480 | 5,899 | 472 | 5,857 | 469 |
5 Of which the advanced IRB (AIRB) approach | 114,206 | 9,136 | 112,612 | 9,009 | 116,164 | 9,293 |
6 Counterparty credit risk - CCR3 | 24,516 | 1,961 | 24,422 | 1,954 | 22,405 | 1,792 |
7 Of which the standardised approach | 5,340 | 427 | 5,947 | 476 | 4,197 | 336 |
8 Of which internal model method (IMM) | 10,532 | 843 | 10,674 | 854 | 10,667 | 853 |
UK 8a Of which exposures to a CCP | 1,456 | 116 | 1,481 | 118 | 1,322 | 106 |
UK 8b Of which credit valuation adjustment - CVA | 2,416 | 193 | 1,919 | 154 | 2,413 | 193 |
9 Of which other CCR | 4,772 | 382 | 4,401 | 352 | 3,806 | 304 |
15 Settlement risk | - | - | - | - | - | - |
16 Securitisation exposures in the non-trading book | 6,984 | 558 | 6,857 | 549 | 5,867 | 469 |
17 Of which SEC-IRBA approach | 3,228 | 258 | 3,147 | 252 | 2,779 | 222 |
18 Of which SEC-ERBA (including IAA) | 2,103 | 168 | 2,116 | 169 | 2,059 | 165 |
19 Of which SEC-SA approach | 1,653 | 132 | 1,594 | 128 | 1,029 | 82 |
UK 19a Of which 1250%/deduction | - | - | - | - | - | - |
20 Position, foreign exchange and commodities risks (Market risk) | 31,142 | 2,492 | 32,258 | 2,580 | 30,663 | 2,453 |
21 Of which the standardised approach | 17,847 | 1,428 | 18,290 | 1,463 | 17,156 | 1,372 |
22 Of which IMA | 13,295 | 1,064 | 13,968 | 1,117 | 13,507 | 1,081 |
UK 22a Large exposures | - | - | - | - | - | - |
23 Operational risk4 | 35,111 | 2,809 | 35,111 | 2,809 | 35,223 | 2,818 |
25 Of which standardised approach | 35,111 | 2,809 | 35,111 | 2,809 | 35,223 | 2,818 |
27 Amounts below the thresholds for deduction (subject to 250% risk weight) | 5,382 | 431 | 4,850 | 388 | 4,395 | 352 |
28 Floor Adjustment | - | - | - | - | - | - |
29 Total | 263,274 | 21,062 | 261,451 | 20,916 | 258,031 | 20,642 |
The regulatory capital requirement is calculated as 8 per cent of the risk-weighted assets, and represents the minimum total capital ratio in accordance with CRR Article 92(1)
Credit risk (excluding counterparty credit risk) includes non-credit obligation assets
Counterparty credit risk includes assets which are assessed under IRB and Standardised approaches
To calculate operational risk standardised risk-weighted assets, a regulatory defined beta co-efficient is applied to average gross income for the previous three years, across each of the eight business lines prescribed in the CRR
Total risk-weighted assets of $263 billion increased by $1.8 billion from 30 June 2026:
Credit risk RWA at $197 billion increased by $2.9 billion as compared with 30 June 2026. The increase was driven by asset growth and mix of $3.9 billion, primarily in CIB and $1.2 billion inflation from currency translation. This was partially offset by $1.3 billion reduction related to an improvement in asset quality and $0.9 billion from RWA optimisation actions.
Operational risk RWA remained unchanged in the quarter as the Group is now performing the annual operational risk RWA computation in the fourth quarter of the year.
Market risk RWA decreased by $1.1 billion to $31.1 billion, driven by a decrease in value-at-risk of $1.1 billion and fall in specific interest rate risk of $1.3 billion to $10.8 billion. This was partially offset by increases in stressed value-at-risk of $0.8 billion, commodities risk under standardised approach of $0.4 billion and structural FX exposure of $0.3 billion.
Further details on RWA movements by risk type, and for credit risk IRB (excluding counterparty credit risk) and market risk IMA exposures can be found in tables 9, 10, 11 and 12 respectively.
Table 9: Movement analysis for RWACredit risk Credit risk
Credit risk1 Counterparty Total Credit &
Counterparty
Operational
Market
Total
IRB SA
$ million $ million
Total
$ million
Credit risk Credit risk
$ million
$ million
risk
$ million
risk
$ million
$ million
As at 31 December 2025 126,859 42,880 169,739 22,406 192,145 35,223 30,663 258,031
Asset size (2,333) 3,537 1,204 2,342 3,546 - - 3,546
Asset quality 596 - 596 (164) 432 - - 432
Model updates 9 - 9 - 9 - (565) (556)
Methodology and policy - - - - - - - -Acquisitions and disposals - - - - - - - -Foreign exchange movements (1,358) (530) (1,888) (162) (2,050) - - (2,050)
Other, including non-credit risk
movements - - - - - (112) 2,160 2,048
As at 30 June 2026 | 123,773 | 45,887 | 169,660 | 24,422 | 194,082 | 35,111 | 32,258 | 261,451 |
Asset size | 1,824 | 795 | 2,619 | 393 | 3,012 | - | - | 3,012 |
Asset quality | (962) | - | (962) | (334) | (1,296) | - | - | (1,296) |
Model updates | (3) | - | (3) | - | (3) | - | (112) | (115) |
Methodology and policy | - | - | - | - | - | - | - | - |
Acquisitions and disposals | - | - | - | - | - | - | - | - |
Foreign exchange movements | 903 | 288 | 1,191 | 35 | 1,226 | - | - | 1,226 |
Other, including non-credit risk movements | - | - | - | - | - | - | (1,004) | (1,004) |
As at 30 September 2026 | 125,535 | 46,970 | 172,505 | 24,516 | 197,021 | 35,111 | 31,142 | 263,274 |
1 See Table 8: Overview of risk weighted exposure amounts (UK OV1). To note that 'Securitisation', 'Settlement risk' and 'Amounts below the threshold for deduction (subject to 250% risk-weight)' are included in credit risk
Table 10: RWEA flow statements of credit risk exposures under the IRB approach (UK CR8) | ||
Risk-weighted | Regulatory capital | |
assets | requirement | |
$ million | $ million | |
As at 31 December 2025 | 122,021 | 9,762 |
Asset size | (2,767) | (221) |
Asset quality | 597 | 48 |
Model updates | 9 | 1 |
Methodology and policy | - | - |
Acquisitions and disposals | - | - |
Foreign exchange movements | (1,349) | (108) |
Other | - | - |
1 As at 30 June 2026 | 118,511 | 9,482 |
2 Asset size | 1,752 | 140 |
3 Asset quality | (962) (77) | |
4 Model updates | (3) - | |
5 Methodology and policy | - | - |
6 Acquisitions and disposals | - | - |
7 Foreign exchange movements | 906 | 72 |
8 Other | - | - |
9 As at 30 September 2026 | 120,204 | 9,617 |
Risk-weighted assets $ million | Regulatory capital requirement $ million | |
As at 31 December 2025 | 10,667 | 853 |
Asset size | 14 | 1 |
Credit quality of counterparties | (94) | (7) |
Model updates (IMM only) | - | - |
Methodology and policy (IMM only) | - | - |
Acquisitions and disposals | - | - |
Foreign exchange movements | 87 | 7 |
Other | - | - |
1 As at 30 June 2026 | 10,674 | 854 |
2 Asset size | 12 | 1 |
3 Credit quality of counterparties | (131) (10) | |
4 Model updates (IMM only) | - | - |
5 Methodology and policy (IMM only) | - | - |
6 Acquisitions and disposals | - | - |
7 Foreign exchange movements | (23) (2) | |
8 Other | - | - |
9 As at 30 September 2026 | 10,532 | 843 |
VaR $ million | SVaR $ million | IRC $ million | Comprehensive risk measure $ million | Other1 $ million | Total RWAs $ million | Total own funds requirements $ million | |
As at 31 December 2025 | 2,572 | 6,399 | - | - | 4,536 | 13,507 | 1,081 |
Regulatory adjustment | - | - | - | - | - | - | - |
RWAs post adjustment at 31 December 2025 | 2,572 | 6,399 | - | - | 4,536 | 13,507 | 1,081 |
Movement in risk levels | 1,188 | (555) | - | - | 393 | 1,026 | 82 |
Model updates/changes | - | - | - | - | (565) | (565) | (45) |
Methodology and policy | - | - | - | - | - | - | - |
Acquisitions and disposals | - | - | - | - | - | - | - |
Foreign exchange movements | - | - | - | - | - | - | - |
Other | - | - | - | - | - | - | - |
1 As at 30 June 2026 | 3,760 | 5,844 | - | - | 4,364 | 13,968 | 1,118 |
1a Regulatory adjustment | - | - | - | - | - | - | - |
1b RWAs post adjustment at 30 June 2026 | 3,760 | 5,844 | - | - | 4,364 | 13,968 | 1,118 |
2 Movement in risk levels | (1,140) | 758 | - | - | (179) | (561) | (45) |
3 Model updates/changes | - | - | - | - | (112) | (112) | (9) |
4 Methodology and policy | - | - | - | - | - | - | - |
5 Acquisitions and disposals | - | - | - | - | - | - | - |
6 Foreign exchange movements | - | - | - | - | - | - | - |
7 Other | - | - | - | - | - | - | - |
8a At 30 September 2026 | 2,620 | 6,602 | - | - | 4,073 | 13,295 | 1,064 |
8b Regulatory adjustment | - | - | - | - | - | - | - |
8 RWAs post adjustment at 30 September 2026 | 2,620 | 6,602 | - | - | 4,073 | 13,295 | 1,064 |
1 Other IMA capital add-ons for market risks not fully captured in either VaR or SVaR
Liquidity Table 13: Quantitative information of LCR (UK LIQ1)30.09.26 | ||||||||
Total unweighted value (average) | Total weighted value (average) | |||||||
31.12.25 $ million | 31.03.26 $ million | 30.06.26 $ million | 30.09.26 $ million | 31.12.25 $ million | 31.03.26 $ million | 30.06.26 $ million | 30.09.26 $ million | |
Number of data points used in the calculation of averages | 12 | 12 | 12 | 12 | 12 | 12 | 12 | 12 |
High-Quality Liquid Assets | ||||||||
1 Total High-Quality Liquid Assets (HQLA) | - | - | - | - | 185,262 | 187,764 | 189,273 | 189,764 |
Cash outflows | ||||||||
2 Retail deposits and deposits from small business customers, of which: | 211,435 | 218,702 | 223,817 | 228,993 | 19,670 | 20,373 | 20,881 | 21,194 |
3 Stable deposits | 43,228 | 45,532 | 46,389 | 46,929 | 2,161 | 2,277 | 2,319 | 2,346 |
4 Less stable deposits | 168,207 | 173,170 | 177,428 | 182,064 | 17,509 | 18,096 | 18,562 | 18,848 |
5 Unsecured wholesale funding, of which: | 281,690 | 287,713 | 292,494 | 295,653 | 121,235 | 123,733 | 125,928 | 127,728 |
6 Operational deposits (all counterparties) and deposits in networks of cooperative banks | 119,083 | 122,009 | 124,189 | 125,851 | 29,718 | 30,433 | 30,962 | 31,378 |
7 Non-operational deposits (all counterparties) | 158,131 | 161,102 | 164,199 | 165,669 | 87,041 | 88,698 | 90,860 | 92,217 |
8 Unsecured debt | 4,476 | 4,602 | 4,106 | 4,133 | 4,476 | 4,602 | 4,106 | 4,133 |
9 Secured wholesale funding | - | - | - | - | 7,246 | 7,247 | 8,237 | 9,607 |
10 Additional requirements | 111,344 | 114,645 | 118,352 | 124,842 | 30,576 | 31,203 | 31,831 | 34,964 |
11 Outflows related to derivative exposures and other collateral requirements | 16,512 | 15,366 | 14,625 | 16,731 | 12,825 | 12,649 | 12,510 | 14,420 |
12 Outflows related to loss of funding on debt products | 28 | 28 | 50 | 36 | 28 | 28 | 50 | 36 |
13 Credit and liquidity facilities | 94,804 | 99,251 | 103,677 | 108,075 | 17,723 | 18,526 | 19,271 | 20,508 |
14 Other contractual funding obligations | 15,534 | 17,770 | 20,072 | 20,749 | 11,260 | 12,963 | 14,845 | 15,167 |
15 Other contingent funding obligations | 254,800 | 254,839 | 254,572 | 257,421 | 3,873 | 4,180 | 4,430 | 4,521 |
16 Total cash outflows | 193,860 | 199,699 | 206,152 | 213,181 | ||||
Cash inflows | ||||||||
17 Secured lending (e.g. reverse repos)1 | 89,539 | 92,372 | 96,200 | 100,268 | 15,143 | 16,082 | 18,011 | 20,074 |
18 Inflows from fully performing exposures1 | 51,729 | 53,496 | 57,154 | 59,886 | 36,143 | 37,493 | 40,393 | 42,517 |
19 Other cash inflows1 | 34,449 | 38,253 | 40,599 | 42,689 | 22,764 | 25,903 | 27,646 | 29,135 |
UK-19a (Difference between total weighted inflows and total weighted outflows arising from transactions in third countries where there are transfer restrictions or which are denominated in non-convertible currencies) | - | - | - | - | - | - | - | - |
UK-19b (Excess inflows from a related specialised credit institutions) | - | - | - | - | - | - | - | - |
20 Total cash inflows1 | 175,717 | 184,121 | 193,953 | 202,843 | 74,050 | 79,478 | 86,050 | 91,726 |
UK-20a Fully exempt inflows1 | - | - | - | - | - | - | - | - |
UK-20b Inflows subject to 90% cap1 | - | - | - | - | - | - | - | - |
UK-20c Inflows subject to 75% cap1 | 167,334 | 174,981 | 183,185 | 190,558 | 74,049 | 79,478 | 86,050 | 91,726 |
Total adjusted value | ||||||||
21 Liquidity buffer | - | - | - | - | 185,262 | 187,764 | 189,273 | 189,764 |
22 Total net cash outflows | - | - | - | - | 119,812 | 120,220 | 120,102 | 121,456 |
23 Liquidity coverage ratio (%) | - | - | - | - | 154.8 | 156.5 | 158.0 | 156.6 |
1 Unweighted cash inflow values for HY'26 have been restated. Weighted values and the LCR percentage are unchanged.
Table 13: Quantitative information of LCR (UK LIQ1) continued31.12.25
Total unweighted value (average) Total weighted value (average)
31.03.25 $ million | 30.06.25 $ million | 30.09.25 $ million | 31.12.25 $ million | 31.03.25 $ million | 30.06.25 $ million | 30.09.25 $ million | 31.12.25 $ million | |
Number of data points used in the calculation of averages | 12 | 12 | 12 | 12 | 12 | 12 | 12 | 12 |
High-Quality Liquid Assets | ||||||||
1 Total High-Quality Liquid Assets (HQLA) | - | - | - | - | 177,586 | 180,147 | 182,646 | 185,262 |
Cash outflows | ||||||||
2 Retail deposits and deposits from small business customers, of which: | 188,544 | 196,413 | 204,354 | 211,435 | 17,541 | 18,345 | 19,227 | 19,670 |
3 Stable deposits | 29,423 | 33,815 | 38,809 | 43,228 | 1,471 | 1,691 | 1,940 | 2,161 |
4 Less stable deposits | 159,121 | 162,598 | 165,545 | 168,207 | 16,070 | 16,654 | 17,287 | 17,509 |
5 Unsecured wholesale funding, of which: | 268,878 | 273,127 | 276,536 | 281,690 | 117,375 | 118,768 | 119,323 | 121,235 |
6 Operational deposits (all counterparties) and deposits in networks of cooperative banks | 109,512 | 113,024 | 116,321 | 119,083 | 27,361 | 28,239 | 29,045 | 29,718 |
7 Non-operational deposits (all counterparties) | 155,354 | 155,636 | 155,582 | 158,131 | 86,002 | 86,062 | 85,645 | 87,041 |
8 Unsecured debt | 4,012 | 4,467 | 4,633 | 4,476 | 4,012 | 4,467 | 4,633 | 4,476 |
9 Secured wholesale funding | - | - | - | - | 6,848 | 7,339 | 7,290 | 7,246 |
10 Additional requirements | 106,994 | 109,191 | 110,451 | 111,344 | 32,781 | 33,637 | 32,668 | 30,576 |
11 Outflows related to derivative exposures and other collateral requirements | 21,962 | 21,972 | 19,872 | 16,512 | 16,314 | 16,661 | 15,360 | 12,825 |
12 Outflows related to loss of funding on debt products | 49 | 21 | 37 | 28 | 49 | 21 | 37 | 28 |
13 Credit and liquidity facilities | 84,983 | 87,198 | 90,542 | 94,804 | 16,418 | 16,955 | 17,271 | 17,723 |
14 Other contractual funding obligations | 12,786 | 13,060 | 13,730 | 15,534 | 9,209 | 9,280 | 9,699 | 11,260 |
15 Other contingent funding obligations | 256,674 | 258,204 | 257,474 | 254,800 | 3,546 | 3,550 | 3,670 | 3,873 |
16 Total cash outflows | 187,300 190,919 191,877 193,860 | |||||||
Cash inflows | ||||||||
17 Secured lending (e.g. reverse repos) | 74,199 | 80,197 | 83,075 | 89,539 | 13,130 | 13,797 | 14,181 | 15,143 |
18 inflows from fully performing exposures | 52,089 | 51,250 | 50,851 | 51,729 | 36,249 | 35,716 | 35,407 | 36,143 |
19 Other cash inflows | 30,028 | 31,465 | 33,173 | 34,449 | 18,973 | 20,287 | 21,908 | 22,764 |
UK-19a (Difference between total weighted inflows and total weighted outflows arising from transactions in third countries where there are transfer restrictions or which are denominated in non-convertible currencies) | - | - | - | - | - | - | - | - |
UK-19b (Excess inflows from a related specialised credit institutions) | - | - | - | - | - | - | - | - |
20 | Total cash inflows1 | 156,316 | 162,912 | 167,099 | 175,717 | 68,352 | 69,800 | 71,496 | 74,050 |
UK-20a | Fully exempt inflows | - | - | - | - | - | - | - | - |
UK-20b | inflows subject to 90% cap | - | - | - | - | - | - | - | - |
UK-20c | inflows subject to 75% cap | 149,270 | 155,246 | 159,337 | 167,334 | 68,352 | 69,800 | 71,495 | 74,049 |
Total adjusted value |
21 Liquidity buffer | - | - | - | - | 177,586 | 180,147 | 182,646 | 185,262 |
22 Total net cash outflows | - | - | - | - | 118,948 | 121,119 | 120,381 | 119,812 |
23 Liquidity coverage ratio (%) | - | - | - | - | 149.4 | 148.8 | 151.9 | 154.8 |
30.09.26 $ million | 30.06.26 $ million | 31.03.26 $ million | 31.12.25 $ million | 30.09.25 $ million | |
Leverage ratio | |||||
13 Leverage ratio total exposure measure | 479,289 | 467,791 | 467,448 | 448,330 | 452,434 |
14 Leverage ratio (%) | 4.3 | 4.4 | 4.1 | 4.2 | 4.2 |
Additional leverage ratio disclosure requirements | |||||
14a Fully loaded ECL accounting model leverage ratio excluding claims on central banks (%) | 4.3 | 4.4 | 4.1 | 4.2 | 4.2 |
14b Leverage ratio including claims on central banks (%) | 3.9 | 3.9 | 3.8 | 3.8 | 3.8 |
14c Average leverage ratio excluding claims on central banks (%) | 4.2 | 4.1 | 4.0 | 4.1 | 4.2 |
14d Average leverage ratio including claims on central banks (%) | 3.8 | 3.7 | 3.6 | 3.6 | 3.8 |
14e Countercyclical leverage ratio buffer (%) | 0.1 | 0.1 | 0.1 | 0.1 | 0.1 |
The reported values for EVE for 30 June 2026 and 31 December 2025 have been restated to reflect changes in EVE risk calculations. The below tables show the restated EVE for these dates and the EVE disclosed within the Pillar 3 Disclosures 30 June 2026 respectively. Table 15: Quantitative information on IRRBB (UK IRRBB1) - Restated
In reporting currency ($ million) Change in EVE1 Change in NII Tier 1 capital
Period | 30.06.26 | 31.12.25 | 30.06.26 | 31.12.25 | 30.06.26 | 31.12.25 | |
010 Parallel shock up | (2,505) | (2,875) | 1,009 | 1,135 | |||
020 Parallel shock down | 1,025 | 1,328 | (1,613) | (1,664) | |||
030 Steepener shock | (576) | (599) | |||||
040 Flattener shock | (230) | (284) | |||||
050 Short rates shock up | (1,038) | (1,218) | |||||
060 Short rates shock down | 370 | 501 | |||||
070 Maximum | (2,505) | (2,875) | (1,613) | (1,664) | |||
080 Tier 1 capital | 46,088 | 43,949 | |||||
1. EVE for 30 June 2026 and 31 December 2025 have been revised to reflect changes in EVE risk calculations
Table 15: Quantitative information on IRRBB (UK IRRBB1) - DisclosedIn reporting currency ($ million) Change in EVE Change in NII Tier 1 capital
Period | 30.06.26 | 31.12.25 | 30.06.26 | 31.12.25 | 30.06.26 | 31.12.25 | |
010 Parallel shock up | (1,932) | (2,479) | 1,009 | 1,135 | |||
020 Parallel shock down | 944 | 1,267 | (1,613) | (1,664) | |||
030 Steepener shock | (258) | (352) | |||||
040 Flattener shock | (263) | (314) | |||||
050 Short rates shock up | (934) | (1,174) | |||||
060 Short rates shock down | 380 | 511 | |||||
070 Maximum | (1,932) | (2,479) | (1,613) | (1,664) | |||
080 Tier 1 capital | 46,088 | 43,949 | |||||
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