RBS 2014 Annual Report Download - page 59

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57
RBS – Interim Results 2015
Citizens Financial Group (US dollar)
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 1,682 1,647 845 837 838
Net fees and commissions 565 584 293 272 305
Other non-interest income 181 452 84 97 353
Non-interest income 746 1,036 377 369 658
Total income 2,428 2,683 1,222 1,206 1,496
Direct expenses
- staff costs (859) (855) (423) (436) (439)
- other costs (643) (835) (330) (313) (423)
Restructuring costs (50) (115) (40) (10) (115)
Operating expenses (1,552) (1,805) (793) (759) (977)
Profit before impairment losses 876 878 429 447 519
Impairment losses (135) (174) (77) (58) (53)
Operating profit 741 704 352 389 466
Operating profit - adjusted (1) 791 819 392 399 581
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 (2) 6.8% 6.9% 6.5% 7.2% 9.0%
Return on equity - adjusted (1,2) 7.3% 8.0% 7.2% 7.4% 11.2%
Net interest margin 2.80% 2.94% 2.78% 2.83% 2.93%
Cost:income ratio 64% 67% 65% 63% 65%
Cost:income ratio - adjusted (1) 62% 63% 62% 62% 58%
Notes:
(1) Excluding restructuring costs.
(2) 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).