RBS 2014 Annual Report Download - page 27

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25
RBS – Interim Results 2015
Analysis of results
Key points
30 June 2015 compared with 31 March 2015
• RBS’s CET1 ratio improved by 80 basis points to 12.3%, driven by good progress in RWA reduction in
RCR and CIB.
• Citizens, in which RBS had a 40.8% stake at 30 June 2015, remains fully consolidated for regulator
y
capital purposes. On a pro forma basis, assuming the full deconsolidation of all Citizens credit and
counterparty risk RWAs at 30 June 2015, the CET1 ratio would have been 300 basis points higher.
• RBS’s leverage ratio improved by 30 basis points to 4.6% at 30 June 2015, with leverage exposures
down 7% to £875 billion.
• On 29 July 2015, RBS approved plans for an issue of AT1 instruments.
30 June 2015 compared with 31 December 2014
• The CET1 ratio was 110 basis points higher at 12.3%, while the leverage ratio improved by 40 basis
points to 4.6%. The improvement was principally driven by continued good progress on run-off and
disposals in RCR and CIB.