This is the footnote for loans and advances in the Lloyds Bank financial statements.

There are a lot of changes to the allowance or provision for expected credit losses from the beginning to the end of the year.

Firstly, the net effect of all of the movements between different stages is that an additional 454 million pounds has been added to the allowance for credit losses, representing a net increase in expected credit losses, and also an additional 814 million pounds has been added from increases in expected credit losses, but without a change in stage.

In addition, there have been write-offs equivalent to the US GAAP charge-offs of 1.231 billion pounds on a gross basis and 1.115 billion pounds on a net basis. However, in summary, the allowance for expected credit losses has fallen by 800 million pounds, primarily due to loans being repaid that Lloyds had thought might not be, 0.9 billion, and loans that they had already provided for actually being written off, 1.2 billion, offset by an increase in expected losses on the remaining loan portfolio of around 1.3 billion.