RBS 2013 Annual Report Download - page 517
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Additional information
515
Risk elements in lending
Risk elements in lending (REIL) comprises impaired loans and accruing loans past due 90 days or more as to principal or interest.
Impaired loans are all loans (including loans subject to forbearance) for which an impairment provision has been established; for collectively assessed
loans, impairment loss provisions are not allocated to individual loans and the entire portfolio is included in impaired loans.
Accruing loans past due 90 days or more comprise loans past due 90 days where no impairment loss is expected and those awaiting individual
assessment. A latent loss provision is established for the latter.
2013 2012 2011 2010 2009
£m £m £m £m £m
Impaired loans (1)
UK 17,480 18,412 15,576 15,738 13,572
Overseas 19,691 20,074 23,171 19,963 21,453
Total 37,171 38,486 38,747 35,701 35,025
A
ccruing loans which are contractually overdue 90 days or more as to principal
or interest
UK 1,962 2,007 1,698 2,374 2,224
Overseas 259 634 400 523 1,000
Total 2,221 2,641 2,098 2,897 3,224
Total risk elements in lending 39,392 41,127 40,845 38,598 38,249
Closing provisions for impairment as a % of total risk elements in lending 64% 52% 49% 47% 45%
Risk elements in lending as a % of gross lending to customers excluding
reverse repos (3) 9.5% 9.1% 8.6% 7.4% 5.4%
Notes:
(1) The write-off of impaired loans affects the closing provisions for impairment as a % of total risk elements in lending (the coverage ratio). The coverage ratio reduces if the loan written off carries a
higher than average provision and increases if the loan written off carries a lower than average provision.
(2) Impaired loans at 31 December 2013 include £7,687 million (2012 - £6,009 million) of loans subject to forbearance granted during the year.
(3) Includes disposal groups.
2013 2012 2011 2010 2009
£m £m £m £m £m
Gross income not recognised but which would have been recognised under
the original terms of impaired loans
UK 571 665 636 579 625
Overseas 696 940 964 830 1,032
1,267 1,605 1,600 1,409 1,657
Interest on impaired loans included in net interest income
UK 196 255 235 216 230
Overseas 195 221 249 239 178
391 476 484 455 408
Potential problem loans
Potential problem loans (PPL) are loans for which an impairment event has taken place but no impairment loss is expected. This category is used for
advances which are not past due 90 days or revolving credit facilities where identification as 90 days overdue is not feasible.
2013 2012 2011 2010 2009
£m £m £m £m £m
Potential problem loans 789 807 739 633 1,009
Both REIL and PPL are reported gross and take no account of the value of any security held which could reduce the eventual loss should it occur, nor of
any provision marked. Therefore impaired assets which are highly collateralised, such as mortgages, will have a low coverage ratio of provisions held
against the reported impaired balance.