RBS 2013 Annual Report Download - page 140
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Business review
138
Wealth
2013 2012 2011
£m £m £m
Net interest income 674 720 645
Net fees and commissions 355 366 375
Other non-interest income 64 84 84
Non-interest income 419 450 459
Total income 1,093 1,170 1,104
Direct expenses
- staff (405) (419) (405)
- other (124) (162) (134)
Indirect expenses (314) (300) (298)
(843) (881) (837)
Profit before impairment losses 250 289 267
Impairment losses (29) (46) (25)
Operating profit 221 243 242
A
nalysis of income
Private banking 894 956 902
Investments 199 214 202
Total income 1,093 1,170 1,104
Performance ratios
Return on equity (1) 12.0% 13.1% 12.8%
Net interest margin 3.56% 3.73% 3.23%
Cost:income ratio 77% 75% 76%
£bn £bn £bn
Capital and balance sheet
Loans and advances to customers (gross)
- mortgages 8.7 8.8 8.3
- personal 5.6 5.5 6.9
- other 2.5 2.8 1.7
16.8 17.1 16.9
Loan impairment provisions (0.1) (0.1) (0.1)
Net loans and advances to customers 16.7 17.0 16.8
Risk elements in lending 0.3 0.2 0.2
Provision coverage (2) 43% 44% 38%
A
ssets under management (excluding deposits) 29.7 28.9 30.9
Customer deposits 37.2 38.9 38.2
Loan:deposit ratio (excluding repos) 45% 44% 44%
Risk-weighted assets
- credit risk (non-counterparty) 10.0 10.3 10.9
- market risk 0.1 0.1 0.1
- operational risk 1.9 1.9 1.9
Total risk-weighted assets 12.0 12.3 12.9
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.