REG - Royal Bk Scot.Grp. - Restatement Document <Origin Href="QuoteRef">RBS.L</Origin> - Part 6
06/09/2014 18:36
- Part 6: For the preceding part double click ID:nRSU8278Me
(2) Provision coverage represents loan impairment provisions as a percentage of risk elements in lending.
Ulster Bank
Quarter ended 31 March 2014
Net impact
Transfer Transfer of revised Reclassification
Previously to/(from) to/(from) treasury of one-off and Revised
reported Functions Services allocations other items Ulster Bank
Income statement £m £m £m £m £m £m
Net interest income 159 - - (5) - 154
Non-interest income 47 - - - - 47
Total income 206 - - (5) - 201
Direct expenses
- staff (63) - - - - (63)
- other (17) - - - - (17)
Indirect expenses (62) - (1) - - (63)
Restructuring costs
- indirect - - - - (2) (2)
Total expenses (142) - (1) - (2) (145)
Operating profit before impairment losses 64 - (1) (5) (2) 56
Impairment losses (47) - - - - (47)
Operating profit 17 - (1) (5) (2) 9
Memo: operating profit - adjusted (1) 11
Key metrics
Net interest margin 2.36% 2.29%
Cost:income ratio 69% 72%
Cost:income ratio - adjusted (1) n/a 71%
Ulster Bank
31 March 2014 £bn
Capital and balance sheet
Loans and advances to customers (gross) 26.6
Loan impairment provisions (3.4)
Net loans and advances to customers 23.2
Funded assets 26.0
Risk elements in lending 4.7
Customer deposits (excluding repos) 21.1
Loan:deposit ratio (excluding repos) 110%
Provision coverage (2) 72%
Risk-weighted assets 28.7
Notes:
(1) Excluding restructuring costs.
(2) Provision coverage represents loan impairment provisions as a percentage of risk elements in lending.
Ulster Bank
Year ended 31 December 2013
Net impact
Transfer Transfer of revised Reclassification
Previously to/(from) to/(from) Treasury of one-off and Revised
reported Functions Services allocations other items Ulster Bank
Income statement £m £m £m £m £m £m
Net interest income 631 - - (12) - 619
Non-interest income 240 - - - - 240
Total income 871 - - (12) - 859
Direct expenses
- staff (239) - - - - (239)
- other (63) - - - - (63)
Indirect expenses (252) (11) - - - (263)
Restructuring costs
- direct - - - - (27) (27)
- indirect - - - - (12) (12)
Litigation and conduct costs - - - - (90) (90)
Total expenses (554) (11) - - (129) (694)
Operating profit before impairment losses 317 (11) - (12) (129) 165
Impairment losses (1,774) - - - - (1,774)
Operating loss (1,457) (11) - (12) (129) (1,609)
Memo: operating loss - adjusted (1) (1,480)
Key metrics
Net interest margin 1.91% 1.88%
Cost:income ratio 64% 81%
Cost:income ratio - adjusted (1) n/a 66%
Ulster Bank
31 December 2013 £bn
Capital and balance sheet
Loans and advances to customers (gross) 31.4
Loan impairment provisions (5.4)
Net loans and advances to customers 26.0
Funded assets 28.0
Risk elements in lending 8.5
Customer deposits (excluding repos) 21.7
Loan:deposit ratio (excluding repos) 120%
Provision coverage (2) 64%
Risk-weighted assets 30.7
Notes:
(1) Excluding restructuring costs and litigation and conduct costs.
(2) Provision coverage represents loan impairment provisions as a percentage of risk elements in lending.
Ulster Bank
Half year ended 30 June 2013
Net impact
Transfer Transfer of revised Reclassification
Previously to/(from) to/(from) Treasury of one-off and Revised
reported Functions Services allocations other items Ulster Bank
Income statement £m £m £m £m £m £m
Net interest income 308 - - (6) - 302
Non-interest income 142 - - - - 142
Total income 450 - - (6) - 444
Direct expenses
- staff (124) - - - - (124)
- other (27) - - - - (27)
Indirect expenses (125) - - - - (125)
Restructuring costs
- direct - - - - (15) (15)
- indirect - - - - (6) (6)
Litigation and conduct costs - - - - (25) (25)
Total expenses (276) - - - (46) (322)
Operating profit before impairment losses 174 - - (6) (46) 122
Impairment losses (503) - - - - (503)
Operating loss (329) - - (6) (46) (381)
Memo: operating loss - adjusted (1) (335)
Key metrics
Net interest margin 1.85% 1.82%
Cost:income ratio 61% 73%
Cost:income ratio - adjusted (1) n/a 62%
Ulster Bank
30 June 2013 £bn
Capital and balance sheet
Loans and advances to customers (gross) 32.9
Loan impairment provisions (4.4)
Net loans and advances to customers 28.5
Funded assets 30.3
Risk elements in lending 8.6
Customer deposits (excluding repos) 23.1
Loan:deposit ratio (excluding repos) 123%
Provision coverage (2) 52%
Risk-weighted assets 33.9
Notes:
(1) Excluding restructuring costs and litigation and conduct costs.
(2) Provision coverage represents loan impairment provisions as a percentage of risk elements in lending.
Ulster Bank
Quarter ended 30 June 2013
Net impact
Transfer Transfer of revised Reclassification
Previously to/(from) to/(from) Treasury of one-off and Revised
reported Functions Services allocations other items Ulster Bank
Income statement £m £m £m £m £m £m
Net interest income 154 - - (2) - 152
Non-interest income 88 - - - - 88
Total income 242 - - (2) - 240
Direct expenses
- staff (67) - - - - (67)
- other (12) - - - - (12)
Indirect expenses (65) - - - - (65)
Restructuring costs
- direct - - - - (14) (14)
- indirect - - - - (4) (4)
Litigation and conduct costs - - - - (25) (25)
Total expenses (144) - - - (43) (187)
Operating profit before impairment losses 98 - - (2) (43) 53
Impairment losses (263) - - - - (263)
Operating loss (165) - - (2) (43) (210)
Memo: operating loss - adjusted (1) (167)
Key metrics
Net interest margin 1.85% 1.84%
Cost:income ratio 60% 78%
Cost:income ratio - adjusted (1) n/a 60%
Ulster Bank
30 June 2013 £bn
Capital and balance sheet
Loans and advances to customers (gross) 32.9
Loan impairment provisions (4.4)
Net loans and advances to customers 28.5
Funded assets 30.3
Risk elements in lending 8.6
Customer deposits (excluding repos) 23.1
Loan:deposit ratio (excluding repos) 123%
Provision coverage (2) 52%
Risk-weighted assets 33.9
Notes:
(1) Excluding restructuring costs and litigation and conduct costs.
(2) Provision coverage represents loan impairment provisions as a percentage of risk elements in lending.
Citizens Financial Group (£ Sterling)
Quarter ended 31 March 2014
Net impact
Previously Transfer Transfer of revised Reclassification
reported to/(from) to/(from) Treasury of one-off and
as US R&C Functions Services allocations other items CFG
Income statement £m £m £m £m £m £m
Net interest income 488 - - - - 488
Non-interest income 229 - - - - 229
Total income 717 - - - - 717
Direct expenses
- staff (251) - - - - (251)
- other (249) - - - - (249)
Total expenses (500) - - - - (500)
Operating profit before impairment losses 217 - - - - 217
Impairment losses (73) - - - - (73)
Operating profit 144 - - - - 144
Key metrics
Net interest margin 2.94% 2.94%
Cost:income ratio 70% 70%
CFG
31 March 2014 £bn
Capital and balance sheet
Loans and advances to customers (gross) 53.2
Loan impairment provisions (0.5)
Net loans and advances to customers 52.7
Funded assets 75.7
Risk elements in lending 1.3
Customer deposits (excluding repos) 54.9
Loan:deposit ratio (excluding repos) 96%
Provision coverage (1) 41%
Risk-weighted assets 61.3
Note:
(1) Provision coverage represents loan impairment provisions as a percentage of risk elements in lending.
Citizens Financial Group (£ Sterling)
Year ended 31 December 2013
Net impact
Previously Transfer Transfer of revised Reclassification
reported to/(from) to/(from) Treasury of one-off and
as US R&C Functions Services allocations other items CFG
Income statement £m £m £m £m £m £m
Net interest income 1,916 - - (24) - 1,892
Non-interest income 1,073 - - - - 1,073
Total income 2,989 - - (24) - 2,965
Direct expenses
- staff (1,091) - - - - (1,091)
- other (984) - - - (2) (986)
Indirect expenses (111) 5 (5) - - (111)
Restructuring costs
- direct - - - - (16) (16)
Total expenses (2,186) 5 (5) - (18) (2,204)
Operating profit before impairment losses 803 5 (5) (24) (18) 761
Impairment losses (156) - - - - (156)
Operating profit 647 5 (5) (24) (18) 605
Memo: operating profit - adjusted (1) 621
Key metrics
Net interest margin 2.95% 2.91%
Cost:income ratio 73% 74%
Cost:income ratio - adjusted (1) n/a 74%
CFG
31 December 2013 £bn
Capital and balance sheet
Loans and advances to customers (gross) 50.6
Loan impairment provisions (0.3)
Net loans and advances to customers 50.3
Funded assets 71.3
Risk elements in lending 1.0
Customer deposits (excluding repos) 55.1
Loan:deposit ratio (excluding repos) 91%
Provision coverage (2) 26%
Risk-weighted assets 56.1
Notes:
(1) Excluding restructuring costs.
(2) Provision coverage represents loan impairment provisions as a percentage of risk elements in lending.
Citizens Financial Group (£ Sterling)
Half year ended 30 June 2013
Net impact
Previously Transfer Transfer of revised Reclassification
reported to/(from) to/(from) Treasury of one-off and
as US R&C Functions Services allocations other items CFG
Income statement £m £m £m £m £m £m
Net interest income 944 - - (5) - 939
Non-interest income 570 - - - - 570
Total income 1,514 - - (5) - 1,509
Direct expenses
- staff (572) - - - - (572)
- other (481) - - - (1) (482)
Indirect expenses (47) 1 (2) - - (48)
Restructuring costs
- direct - - - - (3) (3)
Total expenses (1,100) 1 (2) - (4) (1,105)
Operating profit before impairment losses 414 1 (2) (5) (4) 404
Impairment losses (51) - - - - (51)
Operating profit 363 1 (2) (5) (4) 353
Memo: operating profit - adjusted (1) 356
Key metrics
Net interest margin 2.92% 2.90%
Cost:income ratio 73% 73%
Cost:income ratio - adjusted (1) n/a 73%
CFG
30 June 2013 £bn
Capital and balance sheet
Loans and advances to customers (gross) 53.3
Loan impairment provisions (0.3)
Net loans and advances to customers 53.0
Funded assets 74.1
Risk elements in lending 1.1
Customer deposits (excluding repos) 60.1
Loan:deposit ratio (excluding repos) 88%
Provision coverage (2) 23%
Risk-weighted assets 58.2
Notes:
(1) Excluding restructuring costs.
(2) Provision coverage represents loan impairment provisions as a percentage of risk elements in lending.
Citizens Financial Group (£ Sterling)
Quarter ended 30 June 2013
Net impact
Previously Transfer Transfer of revised Reclassification
reported to/(from) to/(from) Treasury of one-off and
as US R&C Functions Services allocations other items CFG
Income statement £m £m £m £m £m £m
Net interest income 473 - - (4) - 469
Non-interest income 278 - - - - 278
Total income 751 - - (4) - 747
Direct expenses
- staff (286) - - - - (286)
- other (233) - - - - (233)
Indirect expenses (26) - (1) - - (27)
Restructuring costs
- direct - - - - (2) (2)
Total expenses (545) - (1) - (2) (548)
Operating profit before impairment losses 206 - (1) (4) (2) 199
Impairment losses (32) - - - - (32)
Operating profit 174 - (1) (4) (2) 167
Memo: operating profit - adjusted (1) 169
Key metrics
Net interest margin 2.91% 2.89%
Cost:income ratio 73% 73%
Cost:income ratio - adjusted (1) n/a 73%
CFG
30 June 2013 £bn
Capital and balance sheet
Loans and advances to customers (gross) 53.3
Loan impairment provisions (0.3)
Net loans and advances to customers 53.0
Funded assets 74.1
Risk elements in lending 1.1
Customer deposits (excluding repos) 60.1
Loan:deposit ratio (excluding repos) 88%
Provision coverage (2) 23%
Risk-weighted assets 58.2
Notes:
(1) Excluding restructuring costs.
(2) Provision coverage represents loan impairment provisions as a percentage of risk elements in lending.
Citizens Financial Group (US dollar)
Quarter ended 31 March 2014
Net impact
Previously Transfer Transfer of revised Reclassification
reported to/(from) to/(from) Treasury of one-off and
as US R&C Functions Services allocations other items CFG
Income statement $m $m $m $m $m $m
Net interest income 809 - - - - 809
Non-interest income 378 - - - - 378
Total income 1,187 - - - - 1,187
Direct expenses
- staff (416) - - - - (416)
- other (412) - - - - (412)
Total expenses (828) - - - - (828)
Operating profit before impairment losses 359 - - - - 359
Impairment losses (121) - - - - (121)
Operating profit 238 - - - - 238
Key metrics
Net interest margin 2.94% 2.94%
Cost:income ratio 70% 70%
CFG
31 March 2014 $bn
Capital and balance sheet
Loans and advances to customers (gross) 88.8
Loan impairment provisions (0.9)
Net loans and advances to customers 87.9
Funded assets 126.2
Risk elements in lending 2.2
Customer deposits (excluding repos) 91.6
Loan:deposit ratio (excluding repos) 96%
Provision coverage (1) 41%
Risk-weighted assets 102.2
Note:
(1) Provision coverage represents loan impairment provisions as a percentage of risk elements in lending.
Citizens Financial Group (US dollar)
Year ended 31 December 2013
Net impact
Previously Transfer Transfer of revised Reclassification
reported to/(from) to/(from) Treasury of one-off and
as US R&C Functions Services allocations other items CFG
Income statement $m $m $m $m $m $m
Net interest income 2,998 - - (38) - 2,960
Non-interest income 1,679 - - - - 1,679
Total income 4,677 - - (38) - 4,639
Direct expenses
- staff (1,707) - - - - (1,707)
- other (1,540) - - - (4) (1,544)
Indirect expenses (174) 8 (7) - - (173)
Restructuring costs
- direct - - - - (24) (24)
Total expenses (3,421) 8 (7) - (28) (3,448)
Operating profit before impairment losses 1,256 8 (7) (38) (28) 1,191
Impairment losses (244) - - - - (244)
Operating profit 1,012 8 (7) (38) (28) 947
Memo: operating profit - adjusted (1) 971
Key metrics
Net interest margin 2.95% 2.91%
Cost:income ratio 73% 74%
Cost:income ratio - adjusted (1) n/a 74%
CFG
31 December 2013 $bn
Capital and balance sheet
Loans and advances to customers (gross) 83.6
Loan impairment provisions (0.4)
Net loans and advances to customers 83.2
Funded assets 117.9
Risk elements in lending 1.7
Customer deposits (excluding repos) 91.1
Loan:deposit ratio (excluding repos) 91%
Provision coverage (2) 26%
Risk-weighted assets 92.8
Notes:
(1) Excluding restructuring costs.
(2) Provision coverage represents loan impairment provisions as a percentage of risk elements in lending.
Citizens Financial Group (US dollar)
Half year ended 30 June 2013
Net impact
Previously Transfer Transfer of revised Reclassification
reported to/(from) to/(from) Treasury of one-off and
as US R&C Functions Services allocations other items CFG
Income statement $m $m $m $m $m $m
Net interest income 1,457 - - (8) - 1,449
Non-interest income 881 - - - - 881
Total income 2,338 - - (8) - 2,330
Direct expenses
- staff (883) - - - - (883)
- other (744) - - - - (744)
Indirect expenses (73) 2 (3) - - (74)
Restructuring costs
- direct - - - - (5) (5)
Total expenses (1,700) 2 (3) - (5) (1,706)
Operating profit before impairment losses 638 2 (3) (8) (5) 624
Impairment losses (78) - - - - (78)
Operating profit 560 2 (3) (8) (5) 546
Memo: operating profit - adjusted (1) 551
Key metrics
Net interest margin 2.92% 2.90%
Cost:income ratio 73% 73%
Cost:income ratio - adjusted (1) n/a 73%
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