RBS 2013 Annual Report Download - page 137
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Business review
135
UK Corporate 2013 2012 2011
£m £m £m
Net interest income 2,874 2,974 3,092
Net fees and commissions 1,310 1,365 1,375
Other non-interest income 283 384 396
Non-interest income 1,593 1,749 1,771
Total income 4,467 4,723 4,863
Direct expenses
- staff (912) (940) (934)
- other (442) (364) (390)
Indirect expenses (865) (785) (822)
(2,219) (2,089) (2,146)
Profit before impairment losses 2,248 2,634 2,717
Impairment losses (1,188) (838) (793)
Operating profit 1,060 1,796 1,924
A
nalysis of income by business
Corporate and commercial lending 2,557 2,636 2,643
A
sset and invoice finance 671 685 660
Corporate deposits 350 568 694
Other 889 834 866
Total income 4,467 4,723 4,863
A
nalysis of impai
r
ments by sector
Financial institutions 10 15 20
Hotels and restaurants 53 52 59
Housebuilding and construction 39 143 103
Manufacturing 50 49 34
Private sector education, health, social work, recreational and community services 138 37 113
Property 439 252 170
Wholesale and retail trade, repairs 74 112 85
A
sset and invoice finance 32 40 38
Shipping 341 82 22
Other 12 56 149
Total impairment losses 1,188 838 793
Of which RCR related (1) 410 — —
Loan impairment charge as % of gross customer loans and advances
(excluding reverse repurchase agreements) by sector
Financial institutions 0.2% 0.3% 0.3%
Hotels and restaurants 1.1% 0.9% 1.0%
Housebuilding and construction 1.3% 4.2% 2.6%
Manufacturing 1.2% 1.0% 0.7%
Private sector education, health, social work, recreational and community services 1.6% 0.4% 1.3%
Property 2.0% 1.0% 0.6%
Wholesale and retail trade, repairs 0.9% 1.3% 1.0%
A
sset and invoice finance 0.3% 0.4% 0.4%
Shipping 5.2% 1.1% 0.3%
Other — 0.2% 0.6%
Total 1.2% 0.8% 0.7%
Note:
(1) Pertaining to the creation of RCR and related strategy.