Notes to the consolidated financial statements
- « 17 Derivative financial instruments
- 18 Loans and advances to banks
- 19 Loans and advances to customers »
18 Loans and advances to banks
| 2008 |
2007 |
|
|---|---|---|
| Lending to banks |
5,104 |
5,892 |
| Money market placements with banks |
35,812 |
28,953 |
| Total loans and advances to banks |
40,916 |
34,845 |
| Allowance for impairment losses (note 20) |
(158) |
– |
40,758 |
34,845 |
At 31 December 2008 £5,459 million (2007: £5,773 million) of loans and advances to banks had a contractual residual maturity of greater than one year.
The Group holds collateral with a fair value of £10,739 million (2007: £9,109 million), which it is permitted to sell or repledge, of which £5,492 million (2007: £8,482 million) was repledged or sold to third parties for periods not exceeding three months from the transfer.