REG - Royal Bk Scot.Grp. - RBS February 2016 Restatement <Origin Href="QuoteRef">RBS.L</Origin> - Part 5
04/02/2016 16:10
- Part 5: For the preceding part double click ID:nRSD1397Od
(49) (183)
- other (86) - (10) (76)
Indirect expenses (548) - (25) (523)
Restructuring costs
- direct (2) - - (2)
- indirect (16) - - (16)
Litigation and conduct costs (650) - - (650)
Operating expenses (1,534) - (84) (1,450)
Operating (loss)/profit before impairment losses (2) 6 132 (128)
Impairment losses (41) - (9) (32)
Operating (loss)/profit (43) 6 123 (160)
Memo:
Operating expenses - adjusted (2) (866) - (84) (782)
Operating profit - adjusted (2) 625 6 123 508
Key metrics
Net interest margin nm 2.92% 3.38%
Net interest margin excluding central IEAs 3.74% 3.42% 3.82%
Cost:income ratio 100% 39% 110%
Cost:income ratio - adjusted (2) 57% 39% 59%
31 December 2014
Previously Reporting Allocated to
reported changes (1) W&G UK PBB
Capital and balance sheet £bn £bn £bn £bn
Loans and advances to customers (gross) 129.8 - 19.9 109.9
Loan impairment provisions (2.6) - (0.4) (2.2)
Net loans and advances to customers 127.2 - 19.5 107.7
Funded assets 134.3 21.6 23.6 132.3
Risk elements in lending 3.8 - 0.6 3.2
Customer deposits (excluding repos) 148.7 - 22.0 126.7
Loan:deposit ratio (excluding repos) 86% - 88% 85%
Provision coverage (3) 69% - 61% 70%
Risk-weighted assets 42.8 1.0 10.1 33.7
Notes:
(1) Refer to page 2 for further details.
(2) Excluding restructuring costs and litigation and conduct costs.
(3) Provision coverage represents loan impairment provisions as a percentage of risk elements in lending.
UK PBB
Year ended 31 December 2014
Previously Reporting Allocated to
reported changes (1) W&G UK PBB
Income statement £m £m £m £m
Net interest income 4,683 33 664 4,052
Non-interest income 1,354 - 188 1,166
Total income 6,037 33 852 5,218
Direct expenses
- staff (937) - (196) (741)
- other (391) - (36) (355)
Indirect expenses (1,971) - (98) (1,873)
Restructuring costs
- direct (10) - - (10)
- indirect (92) - - (92)
Litigation and conduct costs (918) - - (918)
Operating expenses (4,319) - (330) (3,989)
Operating profit before impairment losses 1,718 33 522 1,229
Impairment losses (268) - (55) (213)
Operating profit 1,450 33 467 1,016
Memo:
Operating expenses - adjusted (2) (3,299) - (330) (2,969)
Operating profit - adjusted (2) 2,470 33 467 2,036
Key metrics
Net interest margin nm 2.93% 3.32%
Net interest margin excluding central IEAs 3.68% 3.42% 3.75%
Cost:income ratio 72% 39% 76%
Cost:income ratio - adjusted (2) 55% 39% 57%
31 December 2014
Previously Reporting Allocated to
reported changes (1) W&G UK PBB
Capital and balance sheet £bn £bn £bn £bn
Loans and advances to customers (gross) 129.8 - 19.9 109.9
Loan impairment provisions (2.6) - (0.4) (2.2)
Net loans and advances to customers 127.2 - 19.5 107.7
Funded assets 134.3 21.6 23.6 132.3
Risk elements in lending 3.8 - 0.6 3.2
Customer deposits (excluding repos) 148.7 - 22.0 126.7
Loan:deposit ratio (excluding repos) 86% - 88% 85%
Provision coverage (3) 69% - 61% 70%
Risk-weighted assets 42.8 1.0 10.1 33.7
Notes:
(1) Refer to page 2 for further details.
(2) Excluding restructuring costs and litigation and conduct costs.
(3) Provision coverage represents loan impairment provisions as a percentage of risk elements in lending.
Ulster Bank
Quarter ended 30 September 2015
Allocated to
Previously Reporting Ulster Bank
reported changes (1) UK PBB RoI
Income statement £m £m £m £m
Net interest income 127 - 37 90
Non-interest income 87 - 13 74
Total income 214 - 50 164
Direct expenses
- staff (59) - (19) (40)
- other (21) - 1 (22)
Indirect expenses (70) - (22) (48)
Restructuring costs
- direct (3) - - (3)
- indirect (3) - (1) (2)
Litigation and conduct costs (2) - (2) -
Operating expenses (158) - (43) (115)
Operating profit before impairment releases 56 - 7 49
Impairment releases 58 - 4 54
Operating profit 114 - 11 103
Memo:
Operating expenses - adjusted (2) (150) - (40) (110)
Operating profit - adjusted (2) 122 - 14 108
Key metrics
Net interest margin nm 3.18% 1.52%
Net interest margin excluding central IEAs 1.81% 3.36% 1.52%
Cost:income ratio 74% 86% 70%
Cost:income ratio - adjusted (2) 70% 80% 67%
30 September 2015
Allocated to
Previously Reporting Ulster Bank
reported changes (1) UK PBB RoI
Capital and balance sheet £bn £bn £bn £bn
Loans and advances to customers (gross) 22.9 - 4.1 18.8
Loan impairment provisions (2.3) - (0.3) (2.0)
Net loans and advances to customers 20.6 - 3.8 16.8
Funded assets 27.9 0.2 5.2 22.9
Risk elements in lending 4.0 - 0.4 3.6
Customer deposits (excluding repos) 19.2 - 5.6 13.6
Loan:deposit ratio (excluding repos) 108% - 68% 123%
Provision coverage (3) 58% - 88% 54%
Risk-weighted assets 21.5 0.9 2.8 19.6
Notes:
(1) Refer to page 2 for further details.
(2) Excluding restructuring costs and litigation and conduct costs.
(3) Provision coverage represents loan impairment provisions as a percentage of risk elements in lending.
Ulster Bank
Quarter ended 31 December 2014
Allocated to
Previously Reporting Ulster Bank
reported changes (1) UK PBB RoI
Income statement £m £m £m £m
Net interest income 150 - 38 112
Non-interest income 54 - 14 40
Total income 204 - 52 152
Direct expenses
- staff (65) - (22) (43)
- other (19) - 4 (23)
Indirect expenses (78) - (25) (53)
Restructuring costs
- indirect 4 - 2 2
Litigation and conduct costs 19 - - 19
Operating expenses (139) - (41) (98)
Operating profit before impairment releases 65 - 11 54
Impairment releases 104 - 34 70
Operating profit 169 - 45 124
Memo:
Operating expenses - adjusted (2) (162) - (43) (119)
Operating profit - adjusted (2) 146 - 43 103
Key metrics
Net interest margin nm 3.11% 1.90%
Net interest margin excluding central IEAs 2.14% 3.38% 1.90%
Cost:income ratio 68% 79% 64%
Cost:income ratio - adjusted (2) 79% 83% 78%
31 December 2014
Allocated to
Previously Reporting Ulster Bank
reported changes (1) UK PBB RoI
Capital and balance sheet £bn £bn £bn £bn
Loans and advances to customers (gross) 24.7 - 4.2 20.5
Loan impairment provisions (2.7) - (0.3) (2.4)
Net loans and advances to customers 22.0 - 3.9 18.1
Funded assets 27.5 0.4 5.5 22.4
Risk elements in lending 4.8 - 0.4 4.4
Customer deposits (excluding repos) 20.6 - 5.9 14.7
Loan:deposit ratio (excluding repos) 107% - 66% 124%
Provision coverage (3) 57% - 80% 55%
Risk-weighted assets 23.8 0.9 2.9 21.8
Notes:
(1) Refer to page 2 for further details.
(2) Excluding restructuring costs and litigation and conduct costs.
(3) Provision coverage represents loan impairment provisions as a percentage of risk elements in lending.
Ulster Bank
Year ended 31 December 2014
Allocated to
Previously Reporting Ulster Bank
reported changes (1) UK PBB RoI
Income statement £m £m £m £m
Net interest income 636 - 169 467
Non-interest income 194 - 57 137
Total income 830 - 226 604
Direct expenses
- staff (247) - (83) (164)
- other (74) - 9 (83)
Indirect expenses (265) - (85) (180)
Restructuring costs
- direct 8 - - 8
- indirect (30) - (9) (21)
Litigation and conduct costs 19 - - 19
Operating expenses (589) - (168) (421)
Operating profit before impairment releases 241 - 58 183
Impairment releases 365 - 59 306
Operating profit 606 - 117 489
Memo:
Operating expenses - adjusted (2) (586) - (159) (427)
Operating profit - adjusted (2) 609 - 126 483
Key metrics
Net interest margin nm 3.45% 1.92%
Net interest margin excluding central IEAs 2.27% 3.75% 1.99%
Cost:income ratio 71% 74% 70%
Cost:income ratio - adjusted (2) 71% 70% 71%
31 December 2014
Allocated to
Previously Reporting Ulster Bank
reported changes (1) UK PBB RoI
Capital and balance sheet £bn £bn £bn £bn
Loans and advances to customers (gross) 24.7 - 4.2 20.5
Loan impairment provisions (2.7) - (0.3) (2.4)
Net loans and advances to customers 22.0 - 3.9 18.1
Funded assets 27.5 0.4 5.5 22.4
Risk elements in lending 4.8 - 0.4 4.4
Customer deposits (excluding repos) 20.6 - 5.9 14.7
Loan:deposit ratio (excluding repos) 107% - 66% 124%
Provision coverage (3) 57% - 80% 55%
Risk-weighted assets 23.8 0.9 2.9 21.8
Notes:
(1) Refer to page 2 for further details.
(2) Excluding restructuring costs and litigation and conduct costs.
(2) Provision coverage represents loan impairment provisions as a percentage of risk elements in lending.
Commercial Banking
Quarter ended 30 September 2015
Allocated to
Previously Reporting Commercial RBS
reported changes (1) Banking International
Income statement £m £m £m £m
Net interest income 565 (21) 471 73
Non-interest income 265 - 251 14
Total income 830 (21) 722 87
Direct expenses
- staff (122) - (113) (9)
- other (22) - (19) (3)
- operating lease costs (34) - (34) -
Indirect expenses (224) - (200) (24)
Restructuring costs
- direct (1) - (1) -
- indirect - - 2 (2)
Operating expenses (403) - (365) (38)
Operating profit before impairment (losses)/releases 427 (21) 357 49
Impairment (losses)/releases (15) - (16) 1
Operating profit 412 (21) 341 50
Memo:
Operating expenses - adjusted (2) (402) - (366) (36)
Operating profit - adjusted (2) 413 (21) 340 52
Key metrics
Net interest margin nm 1.87% 1.43%
Net interest margin excluding central IEAs 2.81% 2.56% 4.38%
Cost:income ratio 49% 51% 44%
Cost:income ratio - adjusted (2) 48% 51% 41%
30 September 2015
Allocated to
Previously Reporting Commercial RBS
reported changes (1) Banking International
Capital and balance sheet £bn £bn £bn £bn
Loans and advances to customers (gross) 92.4 - 85.3 7.1
Loan impairment provisions (0.8) - (0.7) (0.1)
Net loans and advances to customers 91.6 - 84.6 7.0
Funded assets 95.9 46.0 119.0 22.9
Risk elements in lending 2.2 - 2.1 0.1
Customer deposits (excluding repos) 98.9 - 76.6 22.3
Loan:deposit ratio (excluding repos) 93% - 111% 32%
Provision coverage (3) 39% - 33% 58%
Risk-weighted assets 67.2 3.2 62.3 8.1
Notes:
(1) Refer to page 2 for further details.
(2) Excluding restructuring costs and litigation and conduct costs.
(3) Provision coverage represents loan impairment provisions as a percentage of risk elements in lending.
Commercial Banking
Quarter ended 31 December 2014
Allocated to
Previously Reporting Commercial RBS
reported changes (1) Banking International
Income statement £m £m £m £m
Net interest income 521 - 475 46
Non-interest income 310 - 296 14
Total income 831 - 771 60
Direct expenses
- staff (118) - (113) (5)
- other (35) - (33) (2)
- operating lease costs (38) - (38) -
Indirect expenses (284) - (272) (12)
Restructuring costs
- direct - - (1) 1
- indirect (13) - (12) (1)
Litigation and conduct costs (62) - (62) -
Operating expenses (550) - (531) (19)
Operating profit before impairment losses 281 - 240 41
Impairment losses (33) - (31) (2)
Operating profit 248 - 209 39
Memo:
Operating expenses - adjusted (2) (475) - (456) (19)
Operating profit - adjusted (2) 323 - 284 39
Key metrics
Net interest margin nm 1.96% 1.45%
Net interest margin excluding central IEAs 2.77% 2.68% 4.16%
Cost:income ratio 66% 69% 32%
Cost:income ratio - adjusted (2) 57% 59% 32%
31 December 2014
Allocated to
Previously Reporting Commercial RBS
reported changes (1) Banking International
Capital and balance sheet £bn £bn £bn £bn
Loans and advances to customers (gross) 86.1 - 81.4 4.7
Loan impairment provisions (1.0) - (0.9) (0.1)
Net loans and advances to customers 85.1 - 80.5 4.6
Funded assets 89.4 47.8 117.0 20.2
Risk elements in lending 2.5 - 2.4 0.1
Customer deposits (excluding repos) 86.8 - 72.5 14.3
Loan:deposit ratio (excluding repos) 98% - 111% 32%
Provision coverage (3) 38% - 39% 41%
Risk-weighted assets 64.0 3.5 61.2 6.3
Notes:
(1) Refer to page 2 for further details.
(2) Excluding restructuring costs and litigation and conduct costs.
(3) Provision coverage represents loan impairment provisions as a percentage of risk elements in lending.
Commercial Banking
Year ended 31 December 2014
Allocated to
Previously Reporting Commercial RBS
reported changes (1) Banking International
Income statement £m £m £m £m
Net interest income 2,041 - 1,865 176
Non-interest income 1,169 - 1,117 52
Total income 3,210 - 2,982 228
Direct expenses
- staff (508) - (489) (19)
- other (108) - (98) (10)
- operating lease costs (141) - (141) -
Indirect expenses (882) - (835) (47)
Restructuring costs
- direct (40) - (41) 1
- indirect (53) - (52) (1)
Litigation and conduct costs (112) - (112) -
Operating expenses (1,844) - (1,768) (76)
Operating profit before impairment (losses)/releases 1,366 - 1,214 152
Impairment (losses)/releases (76) - (84) 8
Operating profit 1,290 - 1,130 160
Memo:
Operating expenses - adjusted (2) (1,639) - (1,563) (76)
Operating profit - adjusted (2) 1,495 - 1,335 160
Key metrics
Net interest margin nm 1.93% 1.42%
Net interest margin excluding central IEAs 2.74% 2.65% 4.18%
Cost:income ratio 57% 59% 33%
Cost:income ratio - adjusted (2) 51% 52% 33%
31 December 2014
Allocated to
Previously Reporting Commercial RBS
reported changes (1) Banking International
Capital and balance sheet £bn £bn £bn £bn
Loans and advances to customers (gross) 86.1 - 81.4 4.7
Loan impairment provisions (1.0) - (0.9) (0.1)
Net loans and advances to customers 85.1 - 80.5 4.6
Funded assets 89.4 47.8 117.0 20.2
Risk elements in lending 2.5 - 2.4 0.1
Customer deposits (excluding repos) 86.8 - 72.5 14.3
Loan:deposit ratio (excluding repos) 98% - 111% 32%
Provision coverage (3) 38% - 38% 41%
Risk-weighted assets 64.0 3.5 61.2 6.3
Notes:
(1) Refer to page 2 for further details.
(2) Excluding restructuring costs and litigation and conduct costs.
(3) Provision coverage represents loan impairment provisions as a percentage of risk elements in lending.
Private Banking
Quarter ended 30 September 2015
Allocated to
Previously Reporting Private RBS Central items
reported changes (1) Banking International & other
Income statement £m £m £m £m £m
Net interest income 123 2 109 - 16
Non-interest income 81 - 51 - 30
Total income 204 2 160 - 46
Direct expenses
- staff (66) - (43) - (23)
- other (23) - (11) - (12)
Indirect expenses (95) - (65) - (30)
Restructuring costs
- direct 2 - 2 - -
- indirect (3) - (1) - (2)
Operating expenses (185) - (118) - (67)
Operating profit/(loss) before impairment losses 19 2 42 - (21)
Impairment losses (4) - (4) - -
Operating profit/(loss) 15 2 38 - (21)
Memo:
Operating expenses - adjusted (2) (184) - (119) - (65)
Operating profit/(loss) - adjusted (2) 16 2 37 - (19)
Key metrics
Net interest margin nm 2.72% - 1.40%
Net interest margin excluding central IEAs 3.14% 3.92% - 1.40%
Cost:income ratio 91% 74% - 146%
Cost:income ratio - adjusted (2) 90% 74% - 141%
30 September 2015
Allocated to
Previously Reporting Private RBS Central items
reported changes (1) Banking International & other
Capital and balance sheet £bn £bn £bn £bn £bn
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