RBS 2012 Annual Report Download - page 148

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Business review Risk and balance sheet management continued
Liquidity and funding risk: Analyses: Funding sources continued
Loans (1) Deposits (2)
Loan:deposit
ratio (3)
Funding surplus
/(gap) (3)
2010 £m £m %£m
UK Retail 105,66396,113 110 (9,550)
UK Corporate 112,037124,529 9012,492
Wealth 16,065 36,449 44 20,384
International Banking (4) 49,186 44,271 111 (4,915)
Ulster Bank 35,22523,117 152 (12,108)
US Retail & Commercial 47,82459,307 8111,483
Conduits (4) 13,178 — — (13,178)
Retail & Commercial 379,178 383,786 99 4,608
Markets 25,06138,170 66 13,109
Other 872658 133 (214)
Core 405,111 422,614 96 17,503
Non-Core 102,6508,252 nm(94,398)
Group 507,761430,866 118(76,895)
nm = not meaningful
Notes:
(1) Excludes reverse repurchase agreements and stock borrowing and net of impairment provisions.
(2) Excludes repurchase agreements and stock lending.
(3) Based on loans and advances to customers net of provisions and customer deposits as shown.
(4) All conduits relate to International Banking and have been extracted and shown separately as they were funded by commercial paper issuance until the end of the third quarter of 2012.
Long-term debt issuance
The table below shows debt securities issued by the Group during the year with an original maturity of one year or more. The Group also executes other
long-term funding arrangements (predominantly term repurchase agreements) which are not reflected in the following table.
2012 2011 2010
£m £m £m
Public
- unsecured 1,237 5,085 12,887
- secured 2,127 9,807 8,041
Private
- unsecured 4,997 12,414 17,450
- secured — 500 —
Gross issuance 8,361 27,806 38,378
Buy-backs (1) (7,355)(6,892) (6,298)
Net issuance 1,006 20,914 32,080
Note:
(1) Excludes liability management exercises.