Barclays Capital 2010 Global Financial Services Conference
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R&C franchise gaining momentum – UK C&C good
revenue growth, stable impairments
Re-establishing profitability - rebuilding margins
Impairment trends - stabilising
RBS
£m
Pre-2008 NIM 3.25% 1
%
£m
450
1,100
3.5
C&C Total Income
C&C NIM
400
1,000
350
3.0
300
900
250
800
2.5
200
700
150
2.0
100
600
50
500
1.5
0
Q109 Q209 Q309 Q409 Q110 Q210
Q109
Q209
Q309
Q409
Q110
Q210
Supporting customers while reducing property concentration
Closing funding gap balancing loans with deposit growth
Loans & Advances, £bn
£bn
+2%
IQ209 Q210
120
100
Funding gap closing
Customer Deposits
%
Loan:deposit ratio
150
100
115
95
+8%
113
140
90
80
85
130
60
(10%)
79
85
80
120
40
75
34
20
30
110
70
65
100
Commercial Property
Corporate &
Commercial2
Total
Q109
Q209
Q309 Q409 Q110 Q210
1 Peak NIM for Mid Corporate and Commercial Banking, 2005. 2 Corporate & Commercial ex Property.
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