RBS 2010 Annual Report Download - page 165

Gross
loans (1) REIL Provisions
REIL
as a % of
gross loans
Provisions
as a % of
REIL
Provisions
as a % of
gross loans
Impairment
charge
Amounts
written-off
2009 £m £m £m % % % £m £m
Ulster Bank Group
Mortgages 22,201 882 153 4.0 17.3 0.7 116 3
Personal unsecured 2,433 174 145 7.2 83.3 6.0 66 27
Commercial real estate
- investment 8,192 1,748 413 21.3 23.6 5.0 370 —
- development 10,109 4,268 1,106 42.2 25.9 10.9 953 4
Other corporate 12,479 1,976 648 15.8 32.8 5.2 421 —
55,414 9,048 2,465 16.3 27.2 4.4 1,926 34
Core
Mortgages 16,199 558 102 3.4 18.3 0.6 74 3
Personal unsecured 2,433 174 145 7.2 83.3 6.0 66 27
Commercial real estate
- investment 6,131 250 105 4.1 42.0 1.7 84 —
- development 3,838 428 284 11.2 66.4 7.4 221 4
Other corporate 11,106 850 326 7.7 38.4 2.9 204 —
39,707 2,260 962 5.7 42.6 2.4 649 34
Non-Core
Mortgages 6,002 324 51 5.4 15.7 0.8 42 —
Commercial real estate
- investment 2,061 1,498 308 72.7 20.6 14.9 286 —
- development 6,271 3,840 822 61.2 21.4 13.1 732 —
Other corporate 1,373 1,126 322 82.0 28.6 23.5 217 —
15,707 6,788 1,503 43.2 22.1 9.6 1,277 —
Note:
(1) Funded loans.
Key points
xIncreases in REIL reflect difficult conditions in both commercial and
residential sectors in the Republic of Ireland. Of the REIL at 31
December 2010, 74% was in Non-Core.
xProvisions increased from £2.5 billion to £6.0 billion and the
coverage ratio increased to 44% from 27% at 31 December 2009.
69% of the provision at 31 December 2010 related to commercial
real estate.
163RBS Group 2010
Business review
Risk and balance sheet management