RBS 2011 Annual Report Download - page 440

438 RBS Group 2011
Financial summary continued
Analysis of write-offs
The following table analyses amounts written-off by geographical area and type of domestic customer.
2011
£m
2010
£m
2009
£m
2008
£m
2007
£m
Domestic
Manufacturing 114 94 217 61 29
Construction 228 110 243 51 21
Finance 24 6 105 31 47
Service industries and business activities 358 411 702 299 190
Agriculture, forestry and fishing 4 5354
Property 490 395 320 34 9
Residential mortgages 23 16 21—
Personal lending 1,004 1,148 1,188 938 909
Finance leases and instalment credit 129 67 115 26 13
Total domestic 2,374 2,252 2,895 1,446 1,222
Foreign 2,153 3,790 4,044 1,702 789
Total write-offs 4,527 6,042 6,939 3,148 2,011
Analysis of recoveries
The following table analyses recoveries of amounts written-off by geographical area and type of domestic customer.
2011
£m
2010
£m
2009
£m
2008
£m
2007
£m
Domestic
Manufacturing 4212—
Construction 61———
Finance ——22—
Service industries and business activities 10 7 13 12 7
Property 8 4———
Residential mortgages 963——
Personal lending 111 128 99 96 143
Finance leases and instalment credit 10 3 57 4 8
Total domestic 158 151 175 116 158
Foreign 369 260 224 203 184
Total recoveries 527 411 399 319 342
Renegotiated loans
Renegotiated loans are those loans restructured in response to a borrower's financial difficulties where no impairment provision is required.
Restructured loans where an impairment provision is required continue to be reported as impaired loans. Loans renegotiated during the year amounted
to:
2011
£m
2010
£m
2009
£m
2008
£m
2007
£m
Renegotiated loans (1) 7,674 5,758 2,698 2,637 930
Note:
(1) Restructured loan data include only those arrangements above thresholds set individually by the divisions, ranging from nil to £10 million.
Additional information continued