RBS 2013 Annual Report Download - page 242
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Business review Risk and balance sheet management
240
Credit risk continued
Risk mitigation continued
The table below shows LTVs for the Group’s residential mortgage portfolio split between performing (AQ1-AQ9) and non-performing (AQ10), with the
average LTV calculated on a weighted value basis. Loan balances are shown as at the end of the year whereas property values are calculated using
property index movements since the last formal valuation.
UK Retail Ulster Bank RBS Citizens (1) Wealth
Non- Non- Non- Non-
Performing performing Total Performing performing Total Performing performing Total Performing performing Total
Loan-to-value ratio £m £m £m £m £m £m £m £m £m £m £m £m
2013
<= 50% 26,392 313 26,705 2,025 170 2,195 4,669 98 4,767 3,400 16 3,416
> 50% and <= 70% 34,699 591 35,290 1,837 195 2,032 5,529 89 5,618 3,397 20 3,417
> 70% and <= 90% 28,920 854 29,774 2,326 288 2,614 5,553 110 5,663 1,337 44 1,381
> 90% and <= 100% 4,057 315 4,372 1,214 162 1,376 1,309 39 1,348 87 7 94
> 100% and <= 110% 1,790 182 1,972 1,302 182 1,484 752 22 774 87 15 102
> 110% and <= 130% 552 100 652 2,509 461 2,970 637 17 654 27 6 33
> 130% and <= 150% 37 5 42 2,202 549 2,751 183 5 188 44 8
> 150% — — — 2,385 1,227 3,612 102 4 106 24 6 30
Total with LTVs 96,447 2,360 98,807 15,800 3,234 19,034 18,734 384 19,118 8,363 118 8,481
Other (2) 511 20 531 — — — 463 3 466 215 5 220
Total 96,958 2,380 99,338 15,800 3,234 19,034 19,197 387 19,584 8,578 123 8,701
Total portfolio average LTV (3) 62% 75% 62% 103% 130% 108% 67% 69% 67% 51% 77% 51%
A
verage LTV on new originations during the year (3) 67% 73% 68% 52%
2012
<= 50% 22,306 327 22,633 2,182 274 2,456 4,167 51 4,218 3,905 9 3,914
> 50% and <= 70% 27,408 457 27,865 1,635 197 1,832 4,806 76 4,882 2,790 12 2,802
> 70% and <= 90% 34,002 767 34,769 2,019 294 2,313 6,461 114 6,575 1,080 27 1,107
> 90% and <= 100% 7,073 366 7,439 1,119 156 1,275 2,011 57 2,068 93 7 100
> 100% and <= 110% 3,301 290 3,591 1,239 174 1,413 1,280 43 1,323 69 13 82
> 110% and <= 130% 1,919 239 2,158 2,412 397 2,809 1,263 42 1,305 49 7 56
> 130% and <= 150% 83 26 109 2,144 474 2,618 463 14 477 16 3 19
> 150% — — — 3,156 1,290 4,446 365 14 379 29 3 32
Total with LTVs 96,092 2,472 98,564 15,906 3,256 19,162 20,816 411 21,227 8,031 81 8,112
Other (2) 486 12 498 — — — 292 19 311 674 — 674
Total 96,578 2,484 99,062 15,906 3,256 19,162 21,108 430 21,538 8,705 81 8,786
Total portfolio average LTV (3) 66% 80% 67% 108% 132% 112% 75% 86% 75% 51% 78% 51%
A
verage LTV on new originations during the year (3) 65% 74% 64%