RBS 2015 Annual Report Download - page 40

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Williams & Glyn(1)
P&L (£m) on a stand-alone basis FY 2015
Total Income 844
Adj. operating expenses(2) (584)
Restructuring costs (28)
Operating Expenses (612)
Impairment (losses) / releases (15)
Operating profit / (loss) 217
Key metrics
Cost-income ratio 73%
Adj. cost-income ratio(2) 69%
Balance sheet (£bn)
Loans & advances to customers 20.3
Customer deposits 25.2
FY 2015 vs. FY 2014
Operating profit of £217m
Lending growth of 2% and deposit growth
of 9%
5% increase in mortgage book driven by
almost £2bn of gross new mortgage
lending in the year
Re-segmentation of Commercial customer
base underway, including the transfer of
£0.3bn to CPB
Complex process of separation
progressing
Submitted the banking licence application
to the UK regulators in September
Executive team in place, including
appointments of Jim Brown as CEO and
Leigh Bartlett as CFO
(1) The illustrative financial information above is solely indicative as it is based on certain currently modelled assumptions, including cost base, funding, liquidity and capital, relating to W&G as a standalone bank. This information
should not be construed as an indication or projection of W&G's actual or future performance or position as a stand-alone bank. Also see the risk factors on p.390 of the Annual Report and Accounts 2015
(2) Excluding restructuring costs.
32