RBS 2014 Annual Report Download - page 47
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45
RBS – Interim Results 2015
Private 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 254 344 126 128 174
Net fees and commissions 145 172 70 75 84
Other non-interest income 22 29 11 11 14
Non-interest income 167 201 81 86 98
Total income 421 545 207 214 272
Direct expenses
- staff costs (143) (151) (67) (76) (75)
- other costs (26) (29) (14) (12) (14)
Indirect expenses (194) (217) (96) (98) (109)
Restructuring costs
- direct (3) (2) (3) - (2)
- indirect (80) (1) (81) 1 (1)
Litigation and conduct costs (28) - (26) (2) -
Operating expenses (474) (400) (287) (187) (201)
(Loss)/profit before impairment losses (53) 145 (80) 27 71
Impairment releases/(losses) 3- 2 1 (1)
Operating (loss)/profit (50) 145 (78) 28 70
Operating profit - adjusted (1) 61 148 32 29 73
Of which: international private banking activities (2)
Total income 100 115 48 52 57
Operating expenses (113) (87) (68) (45) (42)
Operating (loss)/profit (13) 28 (20) 7 15
Notes:
(1) Excluding restructuring costs and litigation and conduct costs.
(2) International private banking business reclassified to disposal groups.
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 business
Investments 74 90 35 39 45
Banking 347 455 172 175 227
Total income 421 545 207 214 272