RBS 2012 Annual Report Download - page 497

RBS GROUP 2012
495
Renegotiations and forbearance
The table below shows wholesale loans renegotiated and retail loans granted forbearance during the year. These loans are unimpaired: either the loan
was performing before and after the renegotiation or the granting of forbearance or the loan was non-performing before but subsequently transferred to
the performing book. Loans with impairment provisions subject to renegotiation or forbearance continue to be reported as impaired loans.
2012
£m
2011
£m
2010
£m
2009
£m
2008
£m
Renegotiated and forbearance loans (1,2) 8,328 7,674 5,758 2,698 2,637
Notes:
(1) Wholesale renegotiations include only those arrangements above thresholds set individually by the divisions, ranging from nil to £10 million.
(2) For 2012, wholesale renegotiations were £4,302 million (refer to page 174) and secured retail loans subject to forbearance were £4,026 million (refer to page 177). Unsecured retail loans subject to
forbearance are not included. The balance of unsecured retail loans subject to forbearance amounts to £182 million.
Cross border exposures
Cross border exposures are loans and advances including finance leases and instalment credit receivables and other monetary assets, such as debt
securities, including non-local currency claims of overseas offices on local residents.
The Group monitors the geographical breakdown of these exposures based on the country of domicile of the borrower or guarantor of ultimate risk.
Cross border exposures exclude exposures to local residents in local currencies.
The table below sets out the Group’s cross border exposures greater than 0.5% of the Group’s total assets. None of these countries have experienced
repayment difficulties that have required restructuring of outstanding debt.
2012
Government
£m
Banks
£m
Other
£m
Total
£m
Short positions
£m
Net of short
positions
£m
United States 18,936 1,736 30,983 51,655 12,080 39,575
France 6,563 13,285 6,224 26,072 2,157 23,915
Germany 14,678 4,289 6,812 25,779 1,956 23,823
Netherlands 5,350 2,22711,200 18,777 1,124 17,653
Japan 4,338 6,822 1,410 12,570 2,326 10,244
Spain 893 4,789 6,328 12,010 515 11,495
Republic of Ireland 217 3,557 3,071 6,845 59 6,786
Italy 3,767 373 1,165 5,305 2,301 3,004
2011
United States 20,932 7,300 38,721 66,953 13,329 53,624
France 11,633 14,800 8,189 34,622 5,903 28,719
Germany 34,615 5,9529,787 50,354 2,946 47,408
Netherlands 4,466 2,210 10,711 17,387 982 16,405
Japan 8,350 7,5053,375 19,230 3,141 16,089
Spain 340 3,656 10,282 14,278 973 13,305
Republic of Ireland 665 3,287 2,759 6,711 68 6,643
Italy 5,190 548 1,489 7,227 4,826 2,401
2010
United States 21,201 14,38236,813 72,396 14,240 58,156
France 17,293 16,0076,756 40,056 4,285 35,771
Germany 22,962 6,276 10,467 39,705 4,685 35,020
Netherlands 2,900 3,055 10,824 16,779 951 15,828
Japan 7,983 6,9627,542 22,487 409 22,078
Spain 1,401 4,248 11,589 17,238 1,357 15,881
Republic of Ireland 199 3,789 3,101 7,089 131 6,958
Italy 6,409 1,083 2,188 9,680 3,183 6,497