RBS 2009 Annual Report Download - page 136
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Business review continued
RBS Group Annual Report and Accounts 2009134
Credit risk continued
Credit risk assets*continued
Key credit portfolios
2009 2008
Personal credit risk assets £m £m
UK Retail:
– Mortgages 85,529 74,528
– Cards, loans and overdrafts 20,316 22,475
Ulster Bank:
– Mortgages 22,304 24,531
– Other personal 1,172 1,350
Citizens:
– Mortgages 26,534 34,394
– Auto and cards 6,917 9,126
– Other (1) 4,205 5,286
EMEA and Asia Pacific Non-Core 3,084 3,942
Other (2) 16,241 22,256
186,302 197,888
Notes:
(1) Mainly student loans and recreational vehicles/marine.
(2) Personal exposures in other divisions, including Wealth, and RBS Insurance.
Residential mortgages
The table below analyses the distribution of residential mortgages by loan-to-value (LTV) (indexed).
UK Retail Ulster Bank Citizens
Residential mortgages – 2009 2008 2009 2008 2009 2008
distribution by average LTV (1) (indexed) %%%%%%
<= 50% 39.2 46.0 40.7 47.1 26.3 29.7
> 50% and <= 60% 10.1 10.9 7.6 8.7 7.9 9.0
> 60% and <= 70% 10.9 10.6 7.6 8.4 9.0 10.7
> 70% and <= 80% 13.3 10.5 7.5 8.6 12.7 16.3
> 80% and <= 90% 11.2 9.2 8.0 9.6 14.5 15.5
> 90% and <= 100% 7.6 7.8 9.0 8.5 12.2 9.5
> 100% 7.7 4.9 19.6 9.1 17.4 9.3
Total portfolio average LTV at 31 December 59.1 54.5 62.5 54.3 72.0 69.1
Average LTV on new originations during the year 67.2 67.2 72.8 71.1 62.4 64.3
Note:
(1) LTV averages calculated by transaction volume.
* unaudited