10 Creditors: amounts falling due after more than one year

 

Note

2014
£m

2013
£m

Subordinated borrowings

12

2,408

1,868

Amounts owed to group undertakings

 

615

615

 

 

3,023

2,483

Amounts owed to group undertakings falling due after more than one year are unsecured and include £601m (2013: £601m) of interest bearing balances with current interest rates between 5.71% and 6.12% (2013: 5.71% and 6.12%).