Barclays Global Financial Services Conference
Progress to date
-
more prudent leverage and capital position.
£bn
1,563
(246)
Balance sheet reduction already achieved – c.£635bn
(186)
(266)
929
64
Additional targeted
reduction
(~85)
Worst Point ABN AMRO
Non-Core
assets to
reduction
2009-H112
Core M&IB
reduction
2007-H112
Other
H112
Non-Core
& MIB2
Core Tier 1 ratio, %
APS benefit
4.0
FY08
consortium
partners
Core Tier 1 rebuilt
11.1
10.7
-0.8
1.2
FY10
H112
Key points
■ Have executed one of the largest deleveragings
while maintaining strong capital position
■Non-Core reduction ahead of plan; losses to
date lower than expected
M&IB restructure in anticipation of regulatory
change; focused on delivering acceptable
returns
1 Statutory funded assets at 31 December 2007. 2 Includes c£32bn remaining in Non-Core, c. £40bn in Markets and c.£12bn in International Banking.
**RBS Group
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