RBS 2013 Annual Report Download - page 143
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Business review
141
2013 2012 2011
£bn £bn £bn
Capital and balance sheet
Loans and advances to customers (gross) (1) 36.0 42.2 57.7
Loan impairment provisions (0.3) (0.4) (0.8)
Net loans and advances to customers 35.7 41.8 56.9
Loans and advances to banks 8.0 4.8 3.4
Securities 2.4 2.6 6.0
Cash and eligible bills 0.3 0.5 0.3
Other 2.1 3.3 3.3
Total third party assets (excluding derivatives mark-to-market) 48.5 53.0 69.9
Risk elements in lending 0.5 0.4 1.6
Provision coverage (2) 69% 93% 52%
Customer deposits (excluding repos) 39.3 46.2 45.1
Bank deposits (excluding repos) 6.5 5.6 11.4
Loan:deposit ratio (excluding repos and conduits) 91% 91% 126%
Risk-weighted assets
- Credit risk (non-counterparty) 44.3 46.7 38.9
- Operational risk 4.7 5.2 4.3
Total risk-weighted assets 49.0 51.9 43.2
£m £m £m
Run-off businesses (3)
Total income 1 23 75
Direct expenses (1) (31) (93)
Operating loss — (8) (18)
Notes:
(1) Excludes disposal groups.
(2) Provision coverage percentage represents loan impairment provisions as a percentage of risk elements in lending.
(3) Run-off businesses consist of the exited corporate finance businesses.
International Banking provides for the needs of its customers through its
offering of debt financing, risk management and transaction services
across its network. Business conditions remain challenging as themes of
low interest rates and margin compression continue. International
Banking remained focused on cost discipline throughout 2013 and
continued to strengthen its balance sheet. Despite credit model uplifts,
risk-weighted assets reduced 6% year on year.
The strength of the division’s efforts in serving its customers’ needs is
reflected in recent external industry awards and recognition, including:
• Best Trade Finance Bank, UK, and Best Supply Chain Finance
Provider, Western Europe - Global Finance. Global Trade Review
magazine’s 'Leaders in Trade' award for Best Bank for Documentary
Processing 2013, making this the 4th consecutive win for the bank.
• A good performance in the Euromoney 2013 Cash Management
Survey, particularly in Europe, ranking #1 in the Netherlands, #2 in
the UK and #2 in Western Europe. International Banking improved
on last year’s performance in APAC, achieving a #8 ranking, and
retained a #9 ranking in North America and a #6 ranking globally.
• Received the ‘Most Innovative Investment Bank for Loans’ award at
The Banker Investment Banking Awards 2013 providing a further
indication that RBS is putting customers at the heart of its business.
• Best Debt House, UK - Euromoney.