RBS 2013 Annual Report Download - page 250
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Business review Risk and balance sheet management
248
Credit risk continued
Early problem identification and problem debt management continued
Forbearance arrangements
The incidence of the main types of retail forbearance on the balance sheet are analysed below.
UK Retail Ulster Bank RBS Citizens Wealth Total (1)
2013 £m £m £m £m £m
Interest only conversions - temporary and permanent (2) 1,784 512 — — 2,296
Term extensions - capital repayment and interest only 2,478 325 35 29 2,867
Payment concessions (3) 241 1,567 246 12 2,066
Capitalisation of arrears 907 494 — — 1,401
Other 366 — 92 86 544
5,776 2,898 373 127 9,174
2012
Interest only conversions - temporary and permanent 1,220 924 — 6 2,150
Term extensions - capital repayment and interest only 2,271 183 — 27 2,481
Payment concessions (3) 215 762 339 9 1,325
Capitalisation of arrears 932 119 — — 1,051
Other 452 — — 3 455
5,090 1,988 339 45 7,462
2011
Interest only conversions - temporary and permanent 1,269 795 — 3 2,067
Term extensions - capital repayment and interest only 1,805 58 — 97 1,960
Payment concessions 198 876 180 — 1,254
Capitalisation of arrears 864 101 — — 965
Other 517 — — 23 540
4,653 1,830 180 123 6,786
Notes:
(1) As an individual case can include more than one type of arrangement, the analysis in the table on forbearance arrangements exceeds the total value of cases subject to forbearance.
(2) The year-on-year increase for UK Retail was driven by an extension of the reporting definition to include legacy conversions to interest only repayment in cases where customers were previously on
a combination of repayment types.
(3) Includes £365 million of Ulster Bank loans (2012 - £10 million) and £62 million of RBS Citizens loans (2012 - £31 million) where an interest rate discount has been agreed resulting in a reduction of
contractual cash flows through forgiveness of interest.
The table below shows forbearance agreed during the year analysed between performing and non-performing.
UK Retail Ulster Bank RBS Citizens Wealth Total
2013 £m £m £m £m £m
Performing forbearance 1,332 2,223 — 41 3,596
Non-performing forbearance 186 1,213 101 22 1,522
Total forbearance (1,2) 1,518 3,436 101 63 5,118
2012
Performing forbearance 1,809 2,111 88 18 4,026
Non-performing forbearance 184 1,009 71 2 1,266
Total forbearance (1,2) 1,993 3,120 159 20 5,292
Notes:
(1) An individual case can include more than one type of arrangement.
(2) Includes all arrangements agreed during the year (new customers and renewals) including those deals that have expired at year end. Balances are at year end.