Barclays Global Financial Services Conference
Credit metrics - continuing to improve
Impairments ex Ireland down 45%
Group coverage levels continue to increase
Group ex Ulster Bank
Ulster Bank
2
3
£bn
Provision coverage
REIL
Group ex Ulster Bank as % of L&A 1
Ulster Bank as % of L&A¹
9.5%
80
£bn
7.6%
49%
49% 49% 51% 51%
60%
4.4%
50%
2.0
1.2%
0.9%
60
0.9%
40%
1.5
42.4 42.7
40.8 39.8
39.7
40
30%
1.0
20%
20
0.5
10%
0.0
0
0%
Q210
Q211
Q212
Q211 Q311 Q411 Q112 Q212
■Group impairments ex Ulster Bank down 45%; trending to normalised levels.
Irish impairments remain elevated; cautious on outlook
■Group provision levels continue to increase while non-performing loans fall
1 Gross loans to customers excluding reverse repos, including disposal groups. 2 Provision balance as a percentage of REIL. 3 REIL = Risk elements in lending.
**RBS Group
13View entire presentation