REG - Royal Bk Scot.Grp. - Restatement Document <Origin Href="QuoteRef">RBS.L</Origin> - Part 7
06/09/2014 18:36
- Part 7: For the preceding part double click ID:nRSU8278Mf
CFG
30 June 2013 $bn
Capital and balance sheet
Loans and advances to customers (gross) 81.0
Loan impairment provisions (0.4)
Net loans and advances to customers 80.6
Funded assets 112.6
Risk elements in lending 1.7
Customer deposits (excluding repos) 91.4
Loan:deposit ratio (excluding repos) 88%
Provision coverage (2) 23%
Risk-weighted assets 88.4
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 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 726 - - (6) - 720
Non-interest income 428 - - - - 428
Total income 1,154 - - (6) - 1,148
Direct expenses
- staff (439) - - - - (439)
- other (360) - - - 1 (359)
Indirect expenses (39) - (1) - - (40)
Restructuring costs
- direct - - - - (3) (3)
Total expenses (838) - (1) - (2) (841)
Operating profit before impairment losses 316 - (1) (6) (2) 307
Impairment losses (48) - - - - (48)
Operating profit 268 - (1) (6) (2) 259
Memo: operating profit - adjusted (1) 262
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) 81.0
Loan impairment provisions (0.4)
Net loans and advances to customers 80.6
Funded assets 112.6
Risk elements in lending 1.7
Customer deposits (excluding repos) 91.4
Loan:deposit ratio (excluding repos) 88%
Provision coverage (2) 23%
Risk-weighted assets 88.4
Notes:
(1) Excluding restructuring costs.
(2) Provision coverage represents loan impairment provisions as a percentage of risk elements in lending.
Markets
Quarter ended 31 March 2014
Net impact
Transfer Transfer of revised Reclassification
Previously to/(from) to/(from) Treasury of one-off and Allocated
reported Functions Services allocations other items to CIB
Income statement £m £m £m £m £m £m
Net interest income 48 - - (47) - 1
Non-interest income 909 - - - - 909
Total income 957 - - (47) - 910
Direct expenses
- staff (305) 37 65 - (2) (205)
- other (153) 3 60 - - (90)
Indirect expenses (179) (32) (130) - - (341)
Restructuring costs
- direct - - - - (14) (14)
- indirect - - - - (31) (31)
Total expenses (637) 8 (5) - (47) (681)
Operating profit before impairment losses 320 8 (5) (47) (47) 229
Impairment losses (2) - - - - (2)
Operating profit 318 8 (5) (47) (47) 227
Memo: operating profit - adjusted (1) 272
Key metrics
Net interest margin 0.66% 0.01%
Cost:income ratio 67% 75%
Cost:income ratio - adjusted (1) n/a 70%
Allocated
to CIB
31 March 2014 £bn
Capital and balance sheet
Loans and advances to customers (gross) 24.9
Loan impairment provisions (0.1)
Net loans and advances to customers 24.8
Funded assets 228.2
Risk elements in lending 0.1
Customer deposits (excluding repos) 19.6
Loan:deposit ratio (excluding repos) 127%
Provision coverage (2) 80%
Risk-weighted assets 87.4
Notes:
(1) Excluding restructuring costs.
(2) Provision coverage represents loan impairment provisions as a percentage of risk elements in lending.
Markets
Year ended 31 December 2013
Net impact
Transfer Transfer of revised Reclassification
Previously to/(from) to/(from) Treasury of one-off and Allocated
reported Functions Services allocations other items to CIB
Income statement £m £m £m £m £m £m
Net interest income 159 - - (259) - (100)
Non-interest income 3,163 - - - - 3,163
Total income 3,322 - - (259) - 3,063
Direct expenses
- staff (1,086) 180 259 - (8) (655)
- other (710) 41 339 - (266) (596)
Indirect expenses (814) (267) (810) - - (1,891)
Restructuring costs
- direct - - - - (74) (74)
- indirect - - - - (18) (18)
Litigation and conduct costs - - - - (2,441) (2,441)
Total expenses (2,610) (46) (212) - (2,807) (5,675)
Operating profit/(loss) before impairment losses 712 (46) (212) (259) (2,807) (2,612)
Impairment losses (92) - - - - (92)
Operating profit/(loss) 620 (46) (212) (259) (2,807) (2,704)
Memo: operating loss - adjusted (1) (171)
Key metrics
Net interest margin 0.48% (0.31%)
Cost:income ratio 79% 185%
Cost:income ratio - adjusted (1) n/a 103%
Allocated
to CIB
31 December 2013 £bn
Capital and balance sheet
Loans and advances to customers (gross) 25.4
Loan impairment provisions (0.2)
Net loans and advances to customers 25.2
Funded assets 212.8
Risk elements in lending 0.3
Customer deposits (excluding repos) 21.5
Loan:deposit ratio (excluding repos) 117%
Provision coverage (2) 85%
Risk-weighted assets 64.5
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.
Markets
Half year ended 30 June 2013
Net impact
Transfer Transfer of revised Reclassification
Previously to/(from) to/(from) Treasury of one-off and Allocated
reported Functions Services allocations other items to CIB
Income statement £m £m £m £m £m £m
Net interest income 56 - - (151) - (95)
Non-interest income 1,806 - - - - 1,806
Total income 1,862 - - (151) - 1,711
Direct expenses
- staff (640) 93 143 - (4) (408)
- other (384) 18 181 - (59) (244)
Indirect expenses (408) (115) (329) - - (852)
Restructuring costs
- direct - - - - (33) (33)
- indirect - - - - (9) (9)
Litigation and conduct costs - - - - (410) (410)
Total expenses (1,432) (4) (5) - (515) (1,956)
Operating profit/(loss) before impairment losses 430 (4) (5) (151) (515) (245)
Impairment losses (59) - - - - (59)
Operating profit/(loss) 371 (4) (5) (151) (515) (304)
Memo: operating profit - adjusted (1) 148
Key metrics
Net interest margin 0.32% (0.55%)
Cost:income ratio 77% 114%
Cost:income ratio - adjusted (1) n/a 88%
Allocated
to CIB
30 June 2013 £bn
Capital and balance sheet
Loans and advances to customers (gross) 28.2
Loan impairment provisions (0.2)
Net loans and advances to customers 28.0
Funded assets 267.9
Risk elements in lending 0.3
Customer deposits (excluding repos) 26.4
Loan:deposit ratio (excluding repos) 106%
Provision coverage (2) 78%
Risk-weighted assets 86.8
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.
Markets
Quarter ended 30 June 2013
Net impact
Transfer Transfer of revised Reclassification
Previously to/(from) to/(from) Treasury of one-off and Allocated
reported Functions Services allocations other items to CIB
Income statement £m £m £m £m £m £m
Net interest income 26 - - (83) - (57)
Non-interest income 796 - - - - 796
Total income 822 - - (83) - 739
Direct expenses
- staff (278) 49 69 - (2) (162)
- other (203) 8 87 - (28) (136)
Indirect expenses (205) (54) (162) - - (421)
Restructuring costs
- direct - - - - (22) (22)
- indirect - - - - 2 2
Litigation and conduct costs - - - - (385) (385)
Total expenses (686) 3 (6) - (435) (1,124)
Operating profit/(loss) before impairment losses 136 3 (6) (83) (435) (385)
Impairment losses (43) - - - - (43)
Operating profit/(loss) 93 3 (6) (83) (435) (428)
Memo: operating loss - adjusted (1) (23)
Key metrics
Net interest margin 0.31% (0.69%)
Cost:income ratio 83% 152%
Cost:income ratio - adjusted (1) n/a 97%
Allocated
to CIB
30 June 2013 £bn
Capital and balance sheet
Loans and advances to customers (gross) 28.2
Loan impairment provisions (0.2)
Net loans and advances to customers 28.0
Funded assets 267.9
Risk elements in lending 0.3
Customer deposits (excluding repos) 26.4
Loan:deposit ratio (excluding repos) 106%
Provision coverage (2) 78%
Risk-weighted assets 86.8
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.
Non-Core
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 Non-Core
Income statement £m £m £m £m £m £m
Net interest income (61) - - - - (61)
Non-interest income (285) - - - - (285)
Total income (1) (346) - - - - (346)
Direct expenses
- staff (193) 2 1 - - (190)
- other (203) - 1 - - (202)
Indirect expenses (209) (2) (2) - - (213)
Restructuring costs
- direct - - - - (16) (16)
- indirect - - - - (6) (6)
Total expenses (605) - - - (22) (627)
Operating loss before impairment losses (951) - - - (22) (973)
Impairment losses (4,576) - - - - (4,576)
Operating loss (5,527) - - - (22) (5,549)
Memo: operating loss - adjusted (2) (5,527)
Key metrics
Net interest margin (0.19%) - - - - (0.19%)
Non-Core
31 December 2013 £bn
Capital and balance sheet (3)
Loans and advances to customers (gross) 36.7
Loan impairment provisions (13.8)
Net loans and advances to customers 22.9
Funded assets 28.0
Risk elements in lending 19.0
Customer deposits (excluding repos) 2.2
Provision coverage (4) 73%
Risk-weighted assets 29.2
Notes:
(1) Reallocation of £35 million between net interest income and non-interest income in respect of funding costs of rental assets.
(2) Excluding restructuring costs.
(3) Includes disposal groups.
(4) Provision coverage represents loan impairment provisions as a percentage of risk elements in lending.
Non-Core
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 Non-Core
Income statement £m £m £m £m £m £m
Net interest income 2 - - - - 2
Non-interest income 364 - - - - 364
Total income (1) 366 - - - - 366
Direct expenses
- staff (109) - - - - (109)
- other (106) 1 1 - - (104)
Indirect expenses (106) (1) (1) - - (108)
Restructuring costs
- direct - - - - (21) (21)
- indirect - - - - (2) (2)
Total expenses (321) - - - (23) (344)
Operating profit before impairment losses 45 - - - (23) 22
Impairment losses (831) - - - - (831)
Operating loss (786) - - - (23) (809)
Memo: operating loss - adjusted (2) (786)
Key metrics
Net interest margin (0.06%) - - - - (0.06%)
Non-Core
30 June 2013 £bn
Capital and balance sheet (3)
Loans and advances to customers (gross) 47.2
Loan impairment provisions (11.4)
Net loans and advances to customers 35.8
Funded assets 45.4
Risk elements in lending 20.9
Customer deposits (excluding repos) 2.8
Provision coverage (4) 55%
Risk-weighted assets 46.3
Notes:
(1) Reallocation of £19 million between net interest income and non-interest income in respect of funding costs of rental assets.
(2) Excluding restructuring costs.
(3) Includes disposal groups.
(4) Provision coverage represents loan impairment provisions as a percentage of risk elements in lending.
Non-Core
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 Non-Core
Income statement £m £m £m £m £m £m
Net interest income 30 - - - - 30
Non-interest income 243 - - - - 243
Total income (1) 273 - - - - 273
Direct expenses
- staff (51) - - - - (51)
- other (51) 1 1 - - (49)
Indirect expenses (54) (1) (1) - - (56)
Restructuring costs
- direct - - - - (1) (1)
- indirect - - - - (2) (2)
Total expenses (156) - - - (3) (159)
Operating profit before impairment losses 117 - - - (3) 114
Impairment losses (398) - - - - (398)
Operating loss (281) - - - (3) (284)
Memo: operating loss - adjusted (2) (281)
Key metrics
Net interest margin 0.15% - - - - 0.15%
Non-Core
30 June 2013 £bn
Capital and balance sheet (3)
Loans and advances to customers (gross) 47.2
Loan impairment provisions (11.4)
Net loans and advances to customers 35.8
Funded assets 45.4
Risk elements in lending 20.9
Customer deposits (excluding repos) 2.8
Provision coverage (4) 55%
Risk-weighted assets 46.3
Notes:
(1) Reallocation of £10 million between net interest income and non-interest income in respect of funding costs of rental assets.
(2) Excluding restructuring costs.
(3) Includes disposal groups.
(4) Provision coverage represents loan impairment provisions as a percentage of risk elements in lending.
This information is provided by RNS
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