RBS 2013 Annual Report Download - page 275
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Business review Risk and balance sheet management
273
• Transport and storage exposure decreased by £1.1 billion. The
sector includes asset-backed exposures to ocean-going vessels.
Conditions remain poor across the major shipping market segments
in 2013 with low charter rates and vessel values. At 31 December
2013, £1.1 billion (2012 - £0.7 billion) of loans were included in risk
elements in lending with an associated provision of £0.4 billion and
impairment charge of £0.4 billion for 2013.
• Within lending:
° UK Retail unsecured lending decreased by £0.6 billion, partially
offset by an increase of £0.2 billion in mortgage lending.
° UK Corporate lending decreased by £4.5 billion, as business
demand for credit remains weak.
° Non-Core continued to make significant progress on its
balance sheet strategy by reducing lending by £19.8 billion
across all sectors, principally property and construction, where
commercial real estate lending decreased by £7.1 billion.
Reverse Securities Other Balance Exposure
repos Lending Debt Equity Derivatives financial assets sheet value Offset (1) post offset
2013 £m £m £m £m £m £m £m £m £m
UK
Central and local government — 6,950 13,210 — 3,856 122 24,138 (4,351) 19,787
Financial institutions - banks 18,462 17,597 3,153 449 132,076 55,720 227,457 (142,018) 85,439
- other (2) 19,293 28,937 11,915 2,015 56,441 2,248 120,849 (69,890) 50,959
Personal - mortgages — 110,515 — — — — 110,515 — 110,515
- unsecured — 17,098 — — — 3 17,101 — 17,101
Property — 44,252 86 292 2,728 — 47,358 (676) 46,682
Construction — 4,691 22 101 414 7 5,235 (1,346) 3,889
Manufacturing 466 8,740 409 2,147 979 21 12,762 (2,414) 10,348
Finance leases and instalment credit — 10,567 3 5 11 — 10,586 (16) 10,570
Retail, wholesale and repairs — 10,804 154 423 724 11 12,116 (1,908) 10,208
Transport and storage — 9,059 141 69 1,646 — 10,915 (703) 10,212
Health, education and leisure — 11,757 39 79 618 14 12,507 (847) 11,660
Hotels and restaurants — 5,333 1 50 217 — 5,601 (161) 5,440
Utilities — 2,117 123 281 2,900 — 5,421 (1,027) 4,394
Other 18 16,202 115 1,971 1,514 47 19,867 (2,625) 17,242
Total gross of provisions 38,239 304,619 29,371 7,882 204,124 58,193 642,428 (227,982) 414,446
Provisions — (11,005) (229) (82) — — (11,316) n/a (11,316)
Total 38,239 293,614 29,142 7,800 204,124 58,193 631,112 (227,982) 403,130
US
Central and local government 247 238 23,832 — 21 221 24,559 (12) 24,547
Financial institutions - banks 4,073 946 212 166 53,340 17,811 76,548 (53,339) 23,209
- other (2) 18,346 3,908 17,269 379 9,580 2,276 51,758 (13,778) 37,980
Personal - mortgages — 19,901 — — — — 19,901 — 19,901
- unsecured — 8,722 — — — — 8,722 — 8,722
Property — 4,279 — — 21 — 4,300 (7) 4,293
Construction — 313 2 13 2 — 330 — 330
Manufacturing — 6,117 299 9 131 — 6,556 (56) 6,500
Finance leases and instalment credit — 2,513 8 — 1 — 2,522 — 2,522
Retail, wholesale and repairs — 4,914 87 1 32 — 5,034 (6) 5,028
Transport and storage — 1,667 76 7 370 — 2,120 (141) 1,979
Health, education and leisure — 3,059 55 2 37 — 3,153 — 3,153
Hotels and restaurants — 369 4 7 1 — 381 — 381
Utilities — 638 32 1 149 — 820 (27) 793
Other 10 4,464 429 16 547 — 5,466 (20) 5,446
Total gross of provisions 22,676 62,048 42,305 601 64,232 20,308 212,170 (67,386) 144,784
Provisions — (850) (60) (12) — — (922) n/a (922)
Total 22,676 61,198 42,245 589 64,232 20,308 211,248 (67,386) 143,862
For the notes to these tables refer to page 278.