REG - Royal Bk Scot.Grp. - RBS February 2016 Restatement <Origin Href="QuoteRef">RBS.L</Origin> - Part 6
04/02/2016 16:10
- Part 6: For the preceding part double click ID:nRSD1397Oe
Loans and advances to customers (gross) 13.6 - 11.1 - 2.5
Loan impairment provisions (0.1) - - - (0.1)
Net loans and advances to customers 13.5 - 11.1 - 2.4
Funded assets 16.7 5.3 17.4 - 4.6
Risk elements in lending 0.1 - 0.1 - -
Customer deposits (excluding repos) 29.1 - 22.7 - 6.4
Loan:deposit ratio (excluding repos) 46% - 49% - 38%
Provision coverage (3) 44% - 32% - 100%
Risk-weighted assets 9.8 0.3 8.4 - 1.7
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.
Private Banking
Quarter ended 31 December 2014
Allocated to
Previously Reporting Private RBS Central items
reported changes (1) Banking International & other
Income statement £m £m £m £m £m
Net interest income 175 - 116 37 22
Non-interest income 92 - 54 4 34
Total income 267 - 170 41 56
Direct expenses
- staff (75) - (44) (6) (25)
- other (21) - (12) - (9)
Indirect expenses (132) - (90) (11) (31)
Restructuring costs
- direct (6) - (1) (1) (4)
- indirect (2) - - (1) (1)
Litigation and conduct costs (90) - (90) - -
Operating expenses (326) - (237) (19) (70)
Operating (loss)/profit before impairment
releases/(losses) (59) - (67) 22 (14)
Impairment releases/(losses) - - 1 (1) -
Operating (loss)/profit (59) - (66) 21 (14)
Memo:
Operating expenses - adjusted (2) (228) - (146) (17) (65)
Operating profit/(loss) - adjusted (2) 39 - 25 23 (9)
Key metrics
Net interest margin nm 2.91% 2.07% 1.74%
Net interest margin excluding central IEAs 3.74% 4.17% 5.79% 1.74%
Cost:income ratio 122% 139% 46% 125%
Cost:income ratio - adjusted (2) 85% 86% 41% 116%
31 December 2014
Allocated to
Previously Reporting Private RBS Central items
reported changes (1) Banking International & other
Capital and balance sheet £bn £bn £bn £bn £bn
Loans and advances to customers (gross) 16.6 - 11.0 2.6 3.0
Loan impairment provisions (0.1) - - - (0.1)
Net loans and advances to customers 16.5 - 11.0 2.6 2.9
Funded assets 20.4 6.0 17.7 3.2 5.5
Risk elements in lending 0.2 - 0.1 0.1 -
Customer deposits (excluding repos) 36.1 - 22.3 6.5 7.3
Loan:deposit ratio (excluding repos) 46% - 49% 40% 41%
Provision coverage (3) 34% - 25% 30% 100%
Risk-weighted assets 11.5 0.6 8.7 1.2 2.2
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
Year ended 31 December 2014
Allocated to
Previously Reporting Private RBS Central items
reported changes (1) Banking International & other
Income statement £m £m £m £m £m
Net interest income 691 - 454 147 90
Non-interest income 391 - 235 16 140
Total income 1,082 - 689 163 230
Direct expenses
- staff (302) - (178) (25) (99)
- other (68) - (37) (5) (26)
Indirect expenses (458) - (289) (47) (122)
Restructuring costs
- direct (8) - (1) (3) (4)
- indirect (10) - - (4) (6)
Litigation and conduct costs (90) - (90) - -
Operating expenses (936) - (595) (84) (257)
Operating profit/(loss) before impairment
releases/(losses) 146 - 94 79 (27)
Impairment releases/(losses) 4 - 5 (1) -
Operating profit/(loss) 150 - 99 78 (27)
Memo:
Operating expenses - adjusted (2) (828) - (504) (77) (247)
Operating profit/(loss) - adjusted (2) 258 - 190 85 (17)
Key metrics
Net interest margin nm 2.89% 2.20% 1.75%
Net interest margin excluding central IEAs 3.71% 4.12% 5.94% 1.75%
Cost:income ratio 87% 86% 52% 112%
Cost:income ratio - adjusted (2) 77% 73% 47% 107%
31 December 2014
Allocated to
Previously Reporting Private RBS Central items
reported changes (1) Banking International & other
Capital and balance sheet £bn £bn £bn £bn £bn
Loans and advances to customers (gross) 16.6 - 11.0 2.6 3.0
Loan impairment provisions (0.1) - - - (0.1)
Net loans and advances to customers 16.5 - 11.0 2.6 2.9
Funded assets 20.4 6.0 17.7 3.2 5.5
Risk elements in lending 0.2 - 0.1 0.1 -
Customer deposits (excluding repos) 36.1 - 22.3 6.5 7.3
Loan:deposit ratio (excluding repos) 46% - 49% 40% 41%
Provision coverage (3) 34% - 25% 30% 100%
Risk-weighted assets 11.5 0.6 8.7 1.2 2.2
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.
CIB
Quarter ended 30 September 2015
Allocated to
Previously Reporting Commercial Capital
reported changes (1) Banking CIB Resolution
Income statement £m £m £m £m £m
Net interest income 142 14 33 29 94
Non-interest income 295 - 45 299 (49)
Own credit adjustments - 116 - 78 38
Total income 437 130 78 406 83
Direct expenses
- staff (139) - (4) (97) (38)
- other (60) - (1) (19) (40)
Indirect expenses (510) - (38) (242) (230)
Restructuring costs
- direct (193) - - (3) (190)
- indirect (444) - - (148) (296)
Litigation and conduct costs (107) - - (6) (101)
Operating expenses (1,453) - (43) (515) (895)
Operating (loss)/profit before impairment releases (1,016) 130 35 (109) (812)
Impairment releases 4 - - - 4
Operating (loss)/profit (1,012) 130 35 (109) (808)
Memo:
Total income - adjusted (2) 437 14 78 328 45
Operating expenses - adjusted (3) (709) - (43) (358) (308)
Operating (loss)/profit - adjusted (2,3) (268) 14 35 (30) (259)
Key metrics
Net interest margin nm 2.22% 0.62% 0.93%
Net interest margin excluding central IEAs 1.16% 9.02% 0.78% 1.14%
Cost:income ratio 332% 55% 127% nm
Cost:income ratio - adjusted (2,3) 162% 55% 109% nm
30 September 2015
Allocated to
Previously Reporting Commercial Capital
reported changes (1) Banking CIB Resolution
Capital and balance sheet £bn £bn £bn £bn £bn
Loans and advances to customers (gross) 50.9 - 4.5 19.8 26.6
Loan impairment provisions (0.1) - - - (0.1)
Net loans and advances to customers 50.8 - 4.5 19.8 26.5
Funded assets 177.4 17.5 10.6 125.9 58.4
Risk elements in lending 0.2 - - - 0.2
Customer deposits (excluding repos) 47.8 - 12.8 5.9 29.1
Loan:deposit ratio (excluding repos) 106% - 35% 337% 91%
Provision coverage (4) 65% - - - 63%
Risk-weighted assets 78.0 3.1 1.9 38.8 40.4
Notes:
(1) Refer to page 2 for further details.
(2) Excluding own credit adjustments.
(3) Excluding restructuring costs and litigation and conduct costs.
(4) Provision coverage represents loan impairment provisions as a percentage of risk elements in lending.
CIB
Quarter ended 31 December 2014
Allocated to
Previously Reporting Commercial Capital
reported changes (1) Banking CIB Resolution
Income statement £m £m £m £m £m
Net interest income 222 - 31 8 183
Non-interest income 469 - 47 248 174
Own credit adjustments - (83) - (33) (50)
Total income 691 (83) 78 223 307
Direct expenses
- staff (63) - (2) (36) (25)
- other (100) - (2) (47) (51)
Indirect expenses (659) - (47) (293) (319)
Restructuring costs
- direct (49) - - (3) (46)
- indirect (39) - (4) (16) (19)
Litigation and conduct costs (382) - - (370) (12)
Operating expenses (1,292) - (55) (765) (472)
Operating (loss)/profit before impairment
(losses)/releases (601) (83) 23 (542) (165)
Impairment (losses)/releases (42) - (1) 6 (47)
Operating (loss)/profit (643) (83) 22 (536) (212)
Memo:
Total income - adjusted (2) 691 - 78 256 357
Operating expenses - adjusted (3) (822) - (51) (376) (395)
Operating (loss)/profit - adjusted (2,3) (173) - 26 (114) (85)
Key metrics
Net interest margin nm 2.00% 0.21% 1.13%
Net interest margin excluding central IEAs 1.11% 6.88% 0.16% 1.25%
Cost:income ratio 187% 71% 343% nm
Cost:income ratio - adjusted (2,3) 119% 65% 147% nm
31 December 2014
Allocated to
Previously Reporting Commercial Capital
reported changes (1) Banking CIB Resolution
Capital and balance sheet £bn £bn £bn £bn £bn
Loans and advances to customers (gross) 73.0 - 4.4 26.5 42.1
Loan impairment provisions (0.2) - - - (0.2)
Net loans and advances to customers 72.8 - 4.4 26.5 41.9
Funded assets 241.1 7.2 10.9 137.7 99.7
Risk elements in lending 0.2 - - - 0.2
Customer deposits (excluding repos) 59.4 - 12.4 11.8 35.2
Loan:deposit ratio (excluding repos) 122% - 35% 226% 119%
Provision coverage (4) 105% - - - 96%
Risk-weighted assets 107.1 3.8 2.0 41.9 67.0
Notes:
(1) Refer to page 2 for further details.
(2) Excluding own credit adjustments.
(3) Excluding restructuring costs and litigation and conduct costs.
(4) Provision coverage represents loan impairment provisions as a percentage of risk elements in lending.
CIB
Year end 31 December 2014
Allocated to
Previously Reporting Commercial Capital
reported changes (1) Banking CIB Resolution
Income statement £m £m £m £m £m
Net interest income 817 - 111 (11) 717
Non-interest income 3,132 - 212 1,951 969
Own credit adjustments - (23) - (9) (14)
Total income 3,949 (23) 323 1,931 1,672
Direct expenses
- staff (729) - (6) (446) (277)
- other (400) - (2) (190) (208)
Indirect expenses (2,432) - (173) (1,080) (1,179)
Restructuring costs
- direct (93) - - (13) (80)
- indirect (202) - (15) (89) (98)
Litigation and conduct costs (994) - - (832) (162)
Write-down of goodwill - (130) - - (130)
Operating expenses (4,850) (130) (196) (2,650) (2,134)
Operating (loss)/profit before impairment
releases/(losses) (901) (153) 127 (719) (462)
Impairment releases/(losses) 9 - (1) 9 1
Operating (loss)/profit (892) (153) 126 (710) (461)
Memo:
Total income - adjusted (2) 3,949 - 323 1,940 1,686
Operating expenses - adjusted (3) (3,561) - (181) (1,716) (1,664)
Operating profit - adjusted (2,3) 397 - 141 233 23
Key metrics
Net interest margin nm - (0.07%) 1.05%
Net interest margin excluding central IEAs 0.99% 5.92% (0.06%) 1.16%
Cost:income ratio 123% 61% 137% nm
Cost:income ratio - adjusted (2,3) 90% 56% 88% nm
31 December 2014
Allocated to
Previously Reporting Commercial Capital
reported changes (1) Banking CIB Resolution
Capital and balance sheet £bn £bn £bn £bn £bn
Loans and advances to customers (gross) 73.0 - 4.4 26.5 42.1
Loan impairment provisions (0.2) - - - (0.2)
Net loans and advances to customers 72.8 - 4.4 26.5 41.9
Funded assets 241.1 7.2 10.9 137.7 99.7
Risk elements in lending 0.2 - - - 0.2
Customer deposits (excluding repos) 59.4 - 12.4 11.8 35.2
Loan:deposit ratio (excluding repos) 122% - 35% 226% 119%
Provision coverage (4) 105% - - - 96%
Risk-weighted assets 107.1 3.8 2.0 41.9 67.0
Notes:
(1) Refer to page 2 for further details.
(2) Excluding own credit adjustments.
(3) Excluding restructuring costs and litigation and conduct costs.
(4) Provision coverage represents loan impairment provisions as a percentage of risk elements in lending.
RCR
Quarter ended 30 September 2015
Allocated to
Previously Reporting Capital
reported changes (1) Resolution
Income statement £m £m £m
Net interest income (17) - (17)
Non-interest income (3) - (3)
Total income (20) - (20)
Direct expenses
- staff (22) - (22)
- other (1) - (1)
Indirect expenses (15) - (15)
Restructuring costs
- indirect (4) - (4)
Operating expenses (42) - (42)
Operating loss before impairment releases (62) - (62)
Impairment releases 46 - 46
Operating loss (16) - (16)
Memo:
Operating expenses - adjusted (2) (38) - (38)
Operating loss - adjusted (2) (12) - (12)
30 September 2015
Allocated to
Previously Reporting Capital
reported changes (1) Resolution
Capital and balance sheet £bn £bn £bn
Loans and advances to customers (gross) 8.2 - 8.2
Loan impairment provisions (3.9) - (3.9)
Net loans and advances to customers 4.3 - 4.3
Funded assets 6.5 - 6.5
Risk elements in lending 5.1 - 5.1
Customer deposits (excluding repos) 0.9 - 0.9
Provision coverage (3) 76% - 76%
Risk-weighted assets 12.4 - 12.4
Notes:
(1) Refer to page 2 for further details.
(2) Excluding restructuring costs.
(3) Provision coverage represents loan impairment provisions as a percentage of risk elements in lending.
RCR
Quarter ended 31 December 2014
Allocated to
Previously Reporting Capital
reported changes (1) Resolution
Income statement £m £m £m
Net interest income (23) - (23)
Non-interest income (162) - (162)
Total income (185) - (185)
Direct expenses
- staff (41) - (41)
- other (29) - (29)
Indirect expenses (25) - (25)
Restructuring costs
- indirect (3) - (3)
Operating expenses (98) - (98)
Operating loss before impairment releases (283) - (283)
Impairment releases 681 - 681
Operating profit 398 - 398
Memo:
Operating expenses - adjusted (2) (95) - (95)
Operating profit - adjusted (2) 401 - 401
31 December 2014
Allocated to
Previously Reporting Capital
reported changes (1) Resolution
Capital and balance sheet £bn £bn £bn
Loans and advances to customers (gross) 21.9 - 21.9
Loan impairment provisions (10.9) - (10.9)
Net loans and advances to customers 11.0 - 11.0
Funded assets 14.9 - 14.9
Risk elements in lending 15.4 - 15.4
Customer deposits (excluding repos) 1.2 - 1.2
Provision coverage (3) 71% - 71%
Risk-weighted assets 22.0 - 22.0
Notes:
(1) Refer to page 2 for further details.
(2) Excluding restructuring costs.
(3) Provision coverage represents loan impairment provisions as a percentage of risk elements in lending.
RCR
Year ended 31 December 2014
Allocated to
Previously Reporting Capital
reported changes (1) Resolution
Income statement £m £m £m
Net interest income (47) - (47)
Non-interest income 92 - 92
Own credit adjustments - (22) (22)
Total income 45 (22) 23
Direct expenses
- staff (167) - (167)
- other (85) - (85)
Indirect expenses (104) - (104)
Restructuring costs
- indirect (7) - (7)
Operating expenses (363) - (363)
Operating loss before impairment releases (318) (22) (340)
Impairment releases 1,306 - 1,306
Operating profit 988 (22) 966
Memo:
Total income - adjusted (2) 45 - 45
Operating expenses - adjusted (3) (356) - (356)
Operating profit - adjusted (2,3) 995 - 995
31 December 2014
Allocated to
Previously Reporting Capital
reported changes (1) Resolution
Capital and balance sheet £bn £bn £bn
Loans and advances to customers (gross) 21.9 - 21.9
Loan impairment provisions (10.9) - (10.9)
Net loans and advances to customers 11.0 - 11.0
Funded assets 14.9 - 14.9
Risk elements in lending 15.4 - 15.4
Customer deposits (excluding repos) 1.2 - 1.2
Provision coverage (4) 71% - 71%
Risk-weighted assets 22.0 - 22.0
Notes:
(1) Refer to page 2 for further details.
(2) Excluding own credit adjustments.
(3) Excluding restructuring costs.
(4) Provision coverage represents loan impairment provisions as a percentage of risk elements in lending.
Central items & other
Income statement Impact of
Pension revised Re-presentation Allocated to
Previously accounting treasury of one-off and Capital
reported policy impact allocations other items (1) Centre (2) Resolution
Quarter ended 30 September 2015 £m £m £m £m £m £m
Central items not allocated (285) (16) (10) 20 (317) 26
Quarter ended 31 December 2014
Central items not allocated (620) (6) (50) (703) 27
Year ended 31 December 2014
Central items not allocated (860) (33) 86 (904) 97
Balance sheet
Impact of
Pension revised Allocated to
Previously accounting treasury Capital
reported policy impact allocations Centre (2) Resolution
As at 30 September 2015 £bn £bn £bn £bn £bn
Central items not allocated - risk-weighted assets 87.7 (8.7) 72.1 6.9
Central items not allocated - funded assets 116.9 0.4 (89.5) 26.7 1.1
As at 31 December 2014
Central items not allocated - risk-weighted assets 84.7
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