RBS 2013 Annual Report Download - page 220
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Business review Risk and balance sheet management
218
Funding risk continued
Analysis continued
Total funding by currency
GBP USD EUR Other Total
2013 £m £m £m £m £m
Deposits by banks 7,418 8,337 17,004 2,570 35,329
Debt securities in issue
commercial paper 4 897 682 — 1,583
certificates of deposit 336 1,411 476 54 2,277
medium-term notes 6,353 11,068 23,218 6,525 47,164
covered bonds 984 — 8,057 — 9,041
securitisations 1,897 2,748 3,109 — 7,754
Subordinated liabilities 1,857 10,502 8,984 2,669 24,012
Wholesale funding 18,849 34,963 61,530 11,818 127,160
% of wholesale funding 15% 28% 48% 9% 100%
Customer deposits 272,304 86,727 49,116 9,522 417,669
Total funding 291,153 121,690 110,646 21,340 544,829
% of total funding 54% 22% 20% 4% 100%
2012
Wholesale funding 22,688 41,563 93,700 21,017 178,968
% of wholesale funding 13% 23% 52% 12% 100%
Total funding 297,274 136,490 146,203 32,993 612,960
% of total funding 49% 22% 24% 5% 100%
Key point
• The proportion of funding held in euros decreased in the year from 24% to 20% reflecting the reduction in euro denominated assets in Non-Core
and Markets.
Notes issued
The table below shows the Group’s debt securities in issue and subordinated liabilities by residual maturity.
Debt securities in issue
Conduit Other CP Covered Subordinated Total Total notes
ABCP and CDs MTNs bonds Securitisations Total liabilities notes in issue in issue
2013 £m £m £m £m £m £m £m £m %
Less than 1 year — 3,795 10,385 1,853 514 16,547 1,350 17,897 19
1-3 years — 61 14,920 3,621 — 18,602 3,944 22,546 25
3-5 years — — 6,497 867 — 7,364 4,209 11,573 13
More than 5 years — 4 15,362 2,700 7,240 25,306 14,509 39,815 43
— 3,860 47,164 9,041 7,754 67,819 24,012 91,831 100
2012
Less than 1 year — 5,478 13,019 1,038 761 20,296 2,351 22,647 18
1-3 years — 385 20,267 2,948 540 24,140 7,252 31,392 26
3-5 years — 1 13,374 2,380 — 15,755 756 16,511 14
More than 5 years — 5 19,943 3,773 10,680 34,401 16,943 51,344 42
— 5,869 66,603 10,139 11,981 94,592 27,302 121,894 100
2011
Less than 1 year 11,164 21,396 36,302 — 27 68,889 624 69,513 37
1-3 years — 278 26,595 2,760 479 30,112 3,338 33,450 18
3-5 years — 2 16,627 3,673 — 20,302 7,232 27,534 14
More than 5 years — 1 26,185 2,674 14,458 43,318 15,125 58,443 31
11,164 21,677 105,709 9,107 14,964 162,621 26,319 188,940 100