RBS 2010 Annual Report Download - page 154

Business review continued
152 RBS Group 2010
Risk management: Credit risk continued
Credit risk assets* continued
Country risk
Under the Group's country risk framework, country exposures are
actively managed both for countries that represent a larger
concentration and for those which, under the country watch list
process, have been identified as exhibiting signs of actual or potential
stress.
The country risk tables below show credit risk assets exceeding £1
billion by borrowers domiciled in countries with an external rating of A+
and below from Standard & Poor’s, Moody’s or Fitch and selected
eurozone countries. The numbers are stated gross of mitigating action
which may have been taken to reduce or eliminate exposure to country
risk events.
Lending
Central
and local
government
Central
bank
Othe
r
financial
institutions Corporate Personal Total Core Non-Core
RRM and
contingent
obligations
2010 £m £m £m £m £m £m £m £m £m
Republic of Ireland 61 2,119 900 19,881 20,228 43,189 32,431 10,758 3,496
Italy 45 78 1,086 2,483 27 3,719 1,817 1,902 2,312
India 262 — 1,614 2,590 273 4,739 4,085 654 1,249
China 17 298 1,240 753 64 2,372 2,136 236 1,572
Turkey 282 68 485 1,365 12 2,212 1,520 692 547
South Korea — 276 1,039 555 2 1,872 1,822 50 643
Russia — 110 251 1,181 58 1,600 1,475 125 216
Mexico — 8 149 999 1 1,157 854 303 148
Brazil — — 825 315 5 1,145 1,025 120 120
Romania 36 178 42 426 446 1,128 7 1,121 142
Poland — 168 13 655 6 842 736 106 381
Portugal 86 — 63 611 6 766 450 316 537
Additional selected eurozone countries
Spain 19 5 258 6,962 407 7,651 3,130 4,521 2,447
Greece 14 36 49 188 16 303 173 130 214
2009
Republic of Ireland 78 1,830 1,693 21,518 22,348 47,467 32,479 14,988 4,820
Italy 10 119 751 4,465 27 5,372 1,877 3,495 2,146
India — 109 499 2,752 63 3,423 3,240 183 1,691
China 50 296 780 947 42 2,115 1,845 270 425
Turkey 255 335 207 1,870 10 2,677 1,918 759 274
South Korea — 6 903 656 1 1,566 1,467 99 1,458
Russia — 58 84 1,578 27 1,747 1,275 472 511
Mexico 2 45 161 1,262 1 1,471 594 877 112
Brazil — — 623 420 3 1,046 833 213 282
Romania 49 392 46 637 507 1,631 37 1,594 169
Poland — 22 40 1,038 6 1,106 996 110 625
Portugal — — 51 861 5 917 582 335 461
Additional selected eurozone countries
Spain 30 17 373 7,658 438 8,516 2,957 5,559 2,325
Greece 21 37 52 290 16 416 245 171 194
*unaudited