REG - Royal Bk Scot.Grp. - Final Results - Part 2 <Origin Href="QuoteRef">RBS.L</Origin> - Part 2
26/02/2015 07:14
- Part 2: For the preceding part double click ID:nRSZ9136Fa
AIRB STD Total
31 December 2014 £m £m £m £m £m £m % % %
Sector cluster
Sovereign
Central banks 44,007 50,539 94,546 1,632 78 1,710 4 - 2
Central government 16,373 9,944 26,317 1,775 61 1,836 11 1 7
Other sovereign 4,936 6,548 11,484 1,250 386 1,636 25 6 14
Total sovereign 65,316 67,031 132,347 4,657 525 5,182 7 1 4
Financial institutions (FI)
Banks 32,777 2,081 34,858 15,089 488 15,577 46 23 45
Other FI (2) 41,420 22,535 63,955 15,585 9,960 25,545 38 44 40
SSPEs (3) 17,504 2,634 20,138 6,216 4,410 10,626 36 167 53
Total FI 91,701 27,250 118,951 36,890 14,858 51,748 40 55 44
Corporates
Property
- UK 48,081 3,463 51,544 23,736 3,390 27,126 49 98 53
- Ireland 7,541 31 7,572 1,283 33 1,316 17 106 17
- Other Western Europe 4,625 431 5,056 2,321 445 2,766 50 103 55
- US 1,334 7,481 8,815 722 7,551 8,273 54 101 94
- RoW 2,048 284 2,332 1,296 249 1,545 63 88 66
Total property 63,629 11,690 75,319 29,358 11,668 41,026 46 100 54
Natural resources
- Oil and gas 15,704 1,876 17,580 6,864 1,665 8,529 44 89 49
- Mining and metals 3,744 635 4,379 2,602 660 3,262 69 104 74
- Other 16,173 1,070 17,243 6,367 861 7,228 39 80 42
Transport
- Shipping 8,332 2,571 10,903 5,790 2,575 8,365 69 100 77
- Other 21,268 3,297 24,565 9,176 2,865 12,041 43 87 49
Manufacturing 29,450 8,430 37,880 12,673 8,257 20,930 43 98 55
Retail and leisure 24,564 8,262 32,826 14,940 8,027 22,967 61 97 70
Services 23,489 8,426 31,915 13,327 8,350 21,677 57 99 68
TMT(4) 13,555 2,790 16,345 7,079 2,806 9,885 52 101 60
Total corporates 219,908 49,047 268,955 108,176 47,734 155,910 49 97 58
Personal
Mortgages
- UK 113,884 7,794 121,678 10,651 3,121 13,772 9 40 11
- Ireland 15,544 37 15,581 13,137 18 13,155 85 49 84
- Other Western Europe 193 311 504 16 124 140 8 40 28
- US 131 21,088 21,219 10 10,352 10,362 8 49 49
- RoW 407 589 996 39 232 271 10 39 27
Total mortgages 130,159 29,819 159,978 23,853 13,847 37,700 18 46 24
Other personal 31,628 15,971 47,599 13,233 11,805 25,038 42 74 53
Total personal 161,787 45,790 207,577 37,086 25,652 62,738 23 56 30
Other items 4,465 18,363 22,828 3,012 16,580 19,592 67 90 86
Total 543,177 207,481 750,658 189,821 105,349 295,170 35 51 39
For the notes to this table refer to the following page.
Appendix 1 Capital and risk management
Risk-weighted assets: Exposure at default and RWA density
EAD post CRM (1) RWAs RWA density
AIRB STD Total AIRB STD Total AIRB STD Total
31 December 2013 £m £m £m £m £m £m % % %
Sector cluster
Sovereign
Central banks 34,809 59,351 94,160 1,289 180 1,469 4 - 2
Central government 17,940 8,401 26,341 2,418 30 2,448 13 - 9
Other sovereign 5,323 5,525 10,848 1,451 149 1,600 27 3 15
Total sovereign 58,072 73,277 131,349 5,158 359 5,517 9 - 4
Financial institutions (FI)
Banks 37,718 2,769 40,487 11,922 689 12,611 32 25 31
Other FI (2) 43,460 14,033 57,493 16,391 7,940 24,331 38 57 42
SSPEs (3) 21,564 2,523 24,087 5,827 2,189 8,016 27 87 33
Total FI 102,742 19,325 122,067 34,140 10,818 44,958 33 56 37
Corporates
Property
- UK 50,250 2,771 53,021 27,904 2,461 30,365 56 89 57
- Ireland 10,338 107 10,445 3,087 136 3,223 30 127 31
- Other Western Europe 8,764 143 8,907 4,937 130 5,067 56 91 57
- US 1,126 6,527 7,653 600 6,272 6,872 53 96 90
- RoW 3,579 317 3,896 2,817 253 3,070 79 80 79
Total property 74,057 9,865 83,922 39,345 9,252 48,597 53 94 58
Natural resources 29,403 2,826 32,229 15,586 2,435 18,021 53 86 56
Transport 31,677 3,024 34,701 21,678 2,709 24,387 68 90 70
Manufacturing 24,649 7,775 32,424 13,607 7,599 21,206 55 98 65
Retail and leisure 23,974 7,744 31,718 18,302 7,591 25,893 76 98 82
Services 22,716 8,757 31,473 15,972 8,382 24,354 70 96 77
TMT(4) 13,550 2,222 15,772 8,470 2,198 10,668 63 99 68
Total corporates 220,026 42,213 262,239 132,960 40,166 173,126 60 95 66
Personal
Mortgages
- UK 110,470 7,841 118,311 14,412 3,267 17,679 13 42 15
- Ireland 17,148 33 17,181 16,108 12 16,120 94 36 94
- Other Western Europe 202 507 709 25 202 227 12 40 32
- US 121 19,717 19,838 15 9,756 9,771 12 49 49
- RoW 396 242 638 50 107 157 13 44 25
Total mortgages 128,337 28,340 156,677 30,610 13,344 43,954 24 47 28
Other personal 33,358 14,521 47,879 15,286 10,703 25,989 46 74 54
Total personal 161,695 42,861 204,556 45,896 24,047 69,943 28 56 34
Other items 4,756 19,189 23,945 4,061 15,798 19,859 85 82 83
Total 547,291 196,865 744,156 222,215 91,188 313,403 41 46 42
Notes:
(1) Exposure at default post credit risk mitigation reflects an estimate of the extent to which a bank will be exposed under a specific facility, in the event of the default of a counterparty; AIRB: advanced internal ratings based; STD: standardised.
(2) Non-bank financial institutions, such as US agencies, insurance companies, pension funds, hedge and leverage funds, broker-dealers and non-bank subsidiaries of banks.
(3) Securitisation structured purpose entities primarily relate to securitisation related vehicles.
(4) Telecommunications, media and technology.
Appendix 1 Capital and risk management
Liquidity and funding risk
Liquidity and funding risk is the risk that RBS is unable to meet its financial obligations, including financing wholesale
maturities or customer deposit withdrawals, as and when they fall due. The risk arises through the maturity transformation
role that banks perform. It is dependent on RBS specific factors such as maturity profile, composition of sources and uses
of funding, the quality and size of the liquidity portfolio as well as broader market factors, such as wholesale market
conditions alongside depositor and investor behaviour. For a description of the liquidity and funding risk framework,
governance and basis of preparation refer to the Risk and balance sheet management section of the 2014 Annual Report and
Accounts.
Overview
· The liquidity position strengthened with the liquidity portfolio of £150.7 billion at 31 December 2014 covering short-term wholesale funding (STWF) more than five times. STWF decreased by £4.6 billion to £27.8 billion mainly due to the buy-back and maturity of medium-term notes in CIB.
· The liquidity portfolio increased by £7.3 billion in the last quarter and £4.6 billion in the year, primarily reflecting the proceeds from the Citizens IPO and the sale of E9 billion securities from the RBS N.V. bond portfolio. It includes £57 billion of secondary liquidity being assets eligible for discounting at central banks. The costs associated with maintaining the secondary liquidity portfolio are minimal, being largely administrative and operational costs.
· The liquidity coverage ratio (LCR) was 112% at 31 December 2014, based on RBS's interpretation of the EU guidelines. The improvement in LCR from 102% at year end 2013 reflects reductions in wholesale funRecent news on Natwest
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