RBS 2013 Annual Report Download - page 197
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Business review Risk and balance sheet management
195
Capital resources
The Group’s capital, RWAs and risk asset ratios, on the basis of current rules (Basel 2.5) and CRR or fully loaded Basel III (FLB3), calculated in
accordance with PRA definitions, are set out below.
Current rules 2013 2012 2011
Capital £bn £bn £bn
Core Tier 1 42.2 47.3 46.3
Core Tier 1 (excluding Asset Protection Scheme (APS) in 2011) 42.2 47.3 49.1
Tier 1 50.6 57.1 57.0
Total 63.7 66.8 60.7
RWAs by risk
Credit risk
- non-counterparty 291.1 323.2 344.3
- counterparty 22.3 48.0 61.9
Market risk 30.3 42.6 64.0
Operational risk 41.8 45.8 37.9
385.5 459.6 508.1
A
PS relief — — (69.1)
385.5 459.6 439.0
Risk asset ratios %% %
Core Tier 1 10.9 10.3 10.6
Core Tier 1 (excluding APS in 2011) 10.9 10.3 9.7
Tier 1 13.1 12.4 13.0
Total 16.5 14.5 13.8
Estimated FLB3 (1) 2013 2012
CET1 capital £36.8bn £37.9bn
RWAs £429.1bn £494.6bn
CET1 ratio 8.6% 7.7%
Leverage ratio 3.5% 3.1%
Note:
(1) Calculated on the basis disclosed on page 199.
Key points
• Core Tier 1 capital ratios, under current rules and the fully loaded
Basel III basis, improved by 60 basis points and 90 basis points
respectively in the year. The benefit of lower RWAs was partially
offset by the significant attributable loss for the year. The
establishment of RCR and the related impairments reduced the
ratios by c.10 basis points and c.20 basis points respectively.
*unaudited
• RWA decreases under current rules were primarily in Markets
(£36.8 billion) as a result of balance sheet and risk reduction, and in
Non-Core (£31.2 billion) reflecting disposal of capital intensive
portfolios and run-off.