RBS 2014 Annual Report Download - page 19

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17
RBS – Interim Results 2015
Analysis of results
Half year ended Quarter ended
30 June 30 June 30 June 31 March 30 June
2015 2014 2015 2015 2014
Net interest income £m £m £m £m £m
Net interest income
RBS 5,522 5,496 2,766 2,756 2,798
- UK Personal & Business Banking 2,290 2,276 1,147 1,143 1,152
- Ulster Bank 265 323 132 133 169
- Commercial Banking 1,108 999 562 546 511
- Private Banking 254 344 126 128 174
- Corporate & Institutional Banking 376 365 174 202 186
- Central items 150 203 88 62 100
- RCR (25) (1) (14) (11) 7
RBS excluding Citizens Financial Group 4,418 4,509 2,215 2,203 2,299
- Citizens Financial Group 1,104 987 551 553 499
verage interest-earning assets
RBS 495,726 507,268 496,835 494,605 502,347
- UK Personal & Business Banking 128,468 126,696 128,569 128,366 126,964
- Ulster Bank 27,518 28,089 27,404 27,633 28,884
- Commercial Banking 77,985 74,749 78,880 77,079 74,971
- Private Banking 15,850 18,663 15,729 15,973 18,698
- Corporate & Institutional Banking 71,269 83,778 69,437 73,114 83,477
- Central items 77,793 71,071 82,471 73,071 66,586
- RCR 17,436 36,383 14,758 20,144 34,533
RBS excluding Citizens Financial Group 416,319 439,429 417,248 415,380 434,113
- Citizens Financial Group 79,407 67,839 79,587 79,225 68,234
Gross yield on interest-earning assets of banking business 2.98% 3.03% 2.94% 3.02% 3.05%
Cost of interest-bearing liabilities of banking business (1.06%) (1.18%) (1.03%) (1.09%) (1.16%)
Interest spread of banking business 1.92% 1.85% 1.91% 1.93% 1.89%
Benefit from interest free funds 0.32% 0.32% 0.32% 0.33% 0.33%
Net interest margin (1)
RBS 2.24% 2.17% 2.23% 2.26% 2.22%
- UK Personal & Business Banking 3.59% 3.62% 3.58% 3.61% 3.64%
- Ulster Bank 1.94% 2.32% 1.93% 1.95% 2.35%
- Commercial Banking 2.87% 2.70% 2.86% 2.87% 2.73%
- Private Banking 3.23% 3.72% 3.21% 3.25% 3.73%
- Corporate & Institutional Banking 1.06% 0.88% 1.00% 1.12% 0.90%
- Central items 0.37% 0.50% 0.41% 0.32% 0.52%
- RCR (0.29%) (0.01%) (0.38%) (0.22%) 0.08%
RBS excluding Citizens Financial Group 2.14% 2.06% 2.13% 2.15% 2.11%
- Citizens Financial Group 2.80% 2.94% 2.78% 2.83% 2.93%
Note:
(1) For the purposes of net interest margin calculations, a decrease of £8 million arising in Central Items (H1 2014 - £28 million; Q2 2015 - £3 million; Q1 2015 - £5 million; Q2
2014 - £14 million) was made in respect of interest on financial assets and liabilities designated as at fair value through profit or loss. Related interest-earning assets and
interest-bearing liabilities have also been adjusted.