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46
RBS – Interim Results 2015
Private Banking
Key metrics
Half year ended Quarter ended
30 June 30 June 30 June 31 March 30 June
2015 2014 2015 2015 2014
Performance ratios
Return on equity (1) (7.5%) 12.9% (20.1%) 4.4% 12.3%
Return on equity - adjusted (1,2) 5.1% 13.2% 5.6% 4.6% 12.8%
Net interest margin 3.23% 3.72% 3.21% 3.25% 3.73%
Cost:income ratio 113% 73% 139% 87% 74%
Cost:income ratio - adjusted (2) 86% 73% 86% 87% 73%
30 June 31 March 31 Decembe
r
2015 2015 2014
£bn £bn Change £bn Change
Capital and balance sheet
Loans and advances to customers (gross)
- Personal 4.8 5.3 (9%) 5.4 (11%)
- Mortgages 6.6 6.6 - 8.9 (26%)
- Other 2.1 2.2 (5%) 2.3 (9%)
Total loans and advances to customers (gross) 13.5 14.1 (4%) 16.6 (19%)
Loan impairment provisions -(0.1) (100%) (0.1) (100%)
Net loans and advances to customers 13.5 14.0 (4%) 16.5 (18%)
Total assets 17.0 17.9 (5%) 20.5 (17%)
Funded assets 16.9 17.8 (5%) 20.4 (17%)
A
ssets under management 27.1 29.2 (7%) 28.3 (4%)
Risk elements in lending 0.2 0.1 100% 0.2 -
Provision coverage (3) 31% 34% (300bp) 34% (300bp)
Customer deposits 29.8 29.6 1% 36.1 (17%)
Loan:deposit ratio (excluding repos) 45% 47% (200bp) 46% (100bp)
Risk-weighted assets (4)
- Credit risk
- non-counterparty 8.2 8.6 (5%) 9.5 (14%)
- counterparty 0.1 0.1 - 0.1 -
- Operational risk 1.5 1.5 - 1.9 (21%)
Total risk-weighted assets 9.8 10.2 (4%) 11.5 (15%)
Of which: international private banking activities (5)
Total assets 5.3 6.2 (15%) 5.6 (5%)
Net loans and advances to customers 2.7 3.1 (13%) 3.1 (13%)
A
ssets under management 13.6 15.0 (9%) 14.6 (7%)
Customer deposits (excluding repos) 6.7 7.7 (13%) 7.5 (11%)
Risk-weighted assets (4) 1.7 2.0 (15%) 1.8 (6%)
Notes:
(1) Return on equity is based on operating profit after tax adjusted for preference share dividends divided by average notional equity (based on 13% of the monthly average o
f
segmental RWAe).
(2) Excluding restructuring costs and litigation and conduct costs.
(3) Provision coverage represents loan impairment provisions as a percentage of risk elements in lending.
(4) RWAs on an end-point CRR basis.
(5) International private banking business reclassified to disposal groups.