RBS 2014 Annual Report Download - page 33
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31
RBS – Interim Results 2015
UK Personal & Business Banking
Half year ended Quarter ended
30 June 30 June 30 June 31 March 30 June
2015 2014 2015 2015 2014
£m £m £m £m £m
Income statement
Net interest income 2,290 2,276 1,147 1,143 1,152
Net fees and commissions 603 637 309 294 304
Other non-interest income 28 49 13 15 43
Non-interest income 631 686 322 309 347
Total income 2,921 2,962 1,469 1,452 1,499
Direct expenses
- staff costs (456) (469) (231) (225) (235)
- other costs (140) (224) (69) (71) (95)
Indirect expenses (913) (958) (463) (450) (446)
Restructuring costs
- direct -(6) - - (6)
- indirect (50) (13) (20) (30) (23)
Litigation and conduct costs (364) (150) (10) (354) (150)
Operating expenses (1,923) (1,820) (793) (1,130) (955)
Profit before impairment losses 998 1,142 676 322 544
Impairment releases/(losses) 17 (148) (9) 26 (60)
Operating profit 1,015 994 667 348 484
Operating profit - adjusted (1) 1,429 1,163 697 732 663
Of which: Williams & Glyn (2)
Total income 414 423 211 203 213
Operating expenses (168) (169) (90) (78) (83)
Impairment releases/(losses) 10 (31) (11) 21 (9)
Operating profit 256 223 110 146 121
Notes:
(1) Excluding restructuring costs and litigation and conduct costs.
(2) Williams & Glyn has not operated as a separate legal entity therefore these figures are not necessarily indicative of results that would have occurred if Williams & Glyn had
been standalone – see appendix 4.
Half year ended Quarter ended
30 June 30 June 30 June 31 March 30 June
2015 2014 2015 2015 2014
£m £m £m £m £m
Analysis of income by product
Personal advances 433 467 217 216 232
Personal deposits 400 302 210 190 160
Mortgages 1,234 1,287 617 617 649
Cards 337 374 162 175 176
Business banking 547 490 278 269 245
Other (30) 42 (15) (15) 37
Total income 2,921 2,962 1,469 1,452 1,499
Analysis of impairments by sector
Personal advances 53 79 18 35 40
Mortgages (2) 5 - (2) 4
Business banking (79) 30 (13) (66) 1
Cards 11 34 4 7 15
Total impairment (releases)/losses (17) 148 9 (26) 60
Loan impairment charge as % of gross
customer loans and advances (excluding
reverse repurchase agreements) by sector
Personal advances 1.5% 2.1% 1.0% 1.9% 2.1%
Business banking (1.2%) 0.4% (0.4%) (1.8%) -
Cards 0.5% 1.3% 0.4% 0.6% 1.1%
Total -0.2% - (0.1%) 0.2%