RBS 2012 Annual Report Download - page 188

186
Business review Risk and balance sheet management continued
Key credit portfolios* continued
Residential mortgages
The majority of the Group’s secured lending exposures were in the UK, Ireland and the US. The analysis below includes both Core and Non-Core.
2012 2011 2010
£m £m £m
UK Retail 99,062 96,388 92,592
Ulster Bank 19,162 20,020 21,162
RBS Citizens (1) 21,538 24,153 25,028
139,762 140,561138,782
Note:
(1) 2011 and 2010 have been revised to include the legacy serviced by others portfolio.
The table below shows LTVs for the Group’s residential mortgage portfolio split between performing (AQ1-AQ9) and non-performing (AQ10), with the
average calculated on a weighted value basis. Loan balances are as at the end of the year whereas property values are calculated using property index
movements since the last formal valuation (refer to page 170 for details).
UK Retail Ulster Bank RBS Citizens (1)
Loan-to-value Performing
£m
Non-performing
£m
Total
£m
Performing
£m
Non-performing
£m
Total
£m
Performing
£m
Non-performing
£m
Total
£m
2012
<= 50% 22,306 327 22,633 2,182 274 2,456 4,167 51 4,218
> 50% and <= 70% 27,408 457 27,865 1,635 197 1,832 4,806 76 4,882
> 70% and <= 90% 34,002 767 34,769 2,019 294 2,313 6,461 114 6,575
> 90% and <= 100% 7,073 366 7,439 1,119 156 1,275 2,011 57 2,068
> 100% and <= 110% 3,301 290 3,591 1,239 174 1,413 1,280 43 1,323
> 110% and <= 130% 1,919 239 2,158 2,412 397 2,809 1,263 42 1,305
> 130% and <= 150% 83 26 109 2,144 474 2,618 463 14 477
> 150% —
— — 3,156 1,290 4,446 365 14 379
Total with LTVs 96,092 2,472 98,564 15,906 3,256 19,162 20,816 411 21,227
Other (2) 486 12 498 — — — 292 19 311
Total 96,578 2,484 99,062 15,906 3,256 19,162 21,108 430 21,538
Total portfolio average LTV (3) 66% 80% 67% 108% 132% 112% 75% 86% 75%
Average LTV on new originations during the year 65% 74% 64%
2011
<= 50% 21,537 285 21,822 2,568 222 2,790 4,745 49 4,794
> 50% and <= 70% 25,598 390 25,988 1,877 157 2,034 4,713 78 4,791
> 70% and <= 90% 33,738 671 34,409 2,280 223 2,503 6,893 125 7,018
> 90% and <= 100% 7,365 343 7,708 1,377 128 1,505 2,352 66 2,418
> 100% and <= 110% 3,817 276 4,093 1,462 130 1,592 1,517 53 1,570
> 110% and <= 130% 1,514 199 1,713 2,752 322 3,074 1,536 53 1,589
> 130% and <= 150% 60 15 75 2,607 369 2,976 626 28 654
> 150% — — — 2,798 748 3,546 588 27 615
Total with LTVs 93,629 2,179 95,808 17,721 2,299 20,020 22,970 479 23,449
Other (2) 567 13 580 — — — 681 23 704
Total 94,196 2,192 96,388 17,721 2,299 20,020 23,651 502 24,153
Total portfolio average LTV (3) 67% 80% 67% 104% 125% 106% 76% 91% 77%
Average LTV on new originations during the year 63% 74% 63%
For the notes to this table refer to the following page.
*unaudited