RBS 2012 Annual Report Download - page 75

RBS GROUP 2012
73
Wealth
2012 2011 2010
£m £m £m
Net interest income 720 645 588
Net fees and commissions 366 375 376
Other non-interest income 84 84 71
Non-interest income 450 459 447
Total income 1,170 1,104 1,035
Direct expenses
- staff (424) (413) (382)
- other (223) (195) (142)
Indirect expenses (224) (223) (210)
(871) (831) (734)
Operating profit before impairment losses 299 273 301
Impairment losses (46) (25) (18)
Operating profit 253 248 283
Analysis of income
Private banking 956 902 836
Investments 214 202 199
Total income 1,170 1,104 1,035
Performance ratios
Return on equity (1) 13.7% 13.1% 15.9%
Net interest margin 3.73% 3.23% 3.26%
Cost:income ratio 74% 75% 71%
£bn £bn £bn
Capital and balance sheet
Loans and advances to customers (gross)
- mortgages 8.8 8.3 7.8
- personal 5.5 6.9 6.7
- other 2.8 1.7 1.6
17.1 16.9 16.1
Loan impairment provisions (0.1) (0.1) (0.1)
Net loans and advances to customers 17.0 16.8 16.0
Risk elements in lending 0.2 0.2 0.2
Provision coverage (2) 44% 38% 30%
Assets under management (excluding deposits) 28.9 30.9 33.9
Customer deposits 38.9 38.2 37.1
Loan:deposit ratio (excluding repos) 44% 44% 43%
Risk-weighted assets 12.3 12.9 12.5
Notes:
(1) Divisional return on equity is based on divisional operating profit after tax divided by average notional equity (based on 10% of the monthly average of divisional RWAs, adjusted for capital
deductions).
(2) Provision coverage percentage represents loan impairment provisions as a percentage of risk elements in lending.